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ANNUAL REPORT
OF THE
COMPTROLLER OF THE CURRENCY
TO THE
FIRST SESSION OF THE FORTY-NINTH CONGRESS
OP. THE
U NITED S TATES.
DECEMBER 1, 1885.
WASHINGTON:GOVERNMENT PRINTING OFFICE.
1885.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TREASURY DEPARTMENT,Document No. 760,1st ed.
Comptroller of the Currency
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TABLE OF CONTENTS.
f A full index will be found at page 247 of this volume.]
REPORT.Page.
Report submitted for consideration of Congress 5National banks organized during the year, with their location by States, capital, and circulation.. 5National banks organized since the establishment of the system 6National banks closed since the establishment of the system 6National banks extended during the past year 6Effect of the act of July 12,1882, as to minimum of bonds deposited 6Increase of small banks 7Extension of the corporate existence of national banks 7Amendments in the act for the extension of corporate existence suggested 8Circulation 13Changes in bonds since November 1,1884 14Contraction of national-bank circulation 14Measures for the increase of profit on national-bank circulation suggested 16Reduction of tax on circulation recommended 16Safety-fund system 17Circulation based on silver IDIncrease in silver certificates and standard dollars 20Effect of the present law authorizing the coinage of the silver dollar 20Bank-note issues of other conntries - 20Bank-note issues of England, Scotland, Ireland, Canada, English Australasian colonies, France,
Germany, Austria, Belgium, Netherlands, Denmark, Norway, Sweden, Russia, Switzerland,Italy, Spain, Portugal, and Japan 21
Amount of interest-bearing funded debt and the amount held by the national banks as securityfor circulating notes 31
Comparative statements of the national banks for eleven years 34Resources and liabilities of national banks on October 1, 1885, classified as to city and country
banks 35Twenty-five States having the largest national banking capital 36Redemptions of national bank-notes 36Nation al-bank failures 38Taxation 41State taxation of national banks 4JLoans and rates of interest 47Dividends and earnings WTransactions of the New York Clearing House 51Transactions of clearing-houses in other cities 54Clearing-house certificates 54Reserve 5€Denominations of paper circulation of the United States - 58Denom inations of notes of the Imperial Bank of Germany and the Bank of France 60
4 Distribution of coin and paper currency 62Specie in bank and in the Treasury of the United States 65Estimated amount in the country 66Specie in Bank of England 68Specie in Bunk of France and proportions Of gold and siTveTft*^. 68Number, en pi till, and deposits of State and(a<tttfc£&]tfVi|ltPl!bd prorate bankers 68Amount of United States bonds held by banks oigx^pked under States laws 70State banks, trust companies, aqft fcajjn^banks^._.......^..^.....j.^ T 71Private bankers ,..,.«^^,.^«,..,..................._„„.., 73
3
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4 CONTENTS.
APPENDIX.Page.
Names and compensation of officers and clerks 75Expenses of the office . . 76Synopsis of judicial decisions 77Banks, the corporate existence of which was extended prior to November 1, 1885 107Banks, the charters of which expire during 1886 107Number, capital, bonds, and circulation of national banks 108Numbers and denominations of national-bank notes issued, redeemed, and outstanding 109Losses to holders of notes of insolvent national banks if notes had been unsecured except by first
lien on general assets, and if issue had been permitted to various percentages of capital 110Percentage of circulation unredeemed at the expiration of three years from date of voluntary
liquidation 114Percentage of circulation unredeemed at the expiration of six years from date of voluntary
liquidation 115Principal liabilities and resources on October 1,1885, by States and reserve cities, arranged in
eight principal divisions 116Number of banks with capital over $150,000 and with capital under $150,000 120Number of banks, with capital and minimum of bonds required, increase of circulation if au-
thorized to par value 122Monthly and yearly increase and decrease of »national-bank circulation 124Average prices of United States bonds and interest realized thereon to investors, annual profit
on national-bank circulation 125Circulation issued and legal-tender notes deposited to retire the same 126Banks in voluntary liquidation under sections 5220 and 5221 Revised Statutes of the United States. 127Banks in liquidation under sections 5220 and 5221 Revised Statutes of the United States, for the
purpose of organizing new associations „ 135Banks in liquidation under section 7, act of July 12, 1882 137Banks in liquidation under section 7, act of July 12,1882, succeeded by associations with same or
different title 138Banks in the hands of receivers 139Classification of the loans and discounts of national banks 144Dividends and earnings of national banks 146Clearings and balances of the banks in New York City, by weeks 154Lawful money reserve of the national banks 156Number of State banks, trust companies, savings banks, and private bankers, with average
amount of capital, deposits, and investments in United States bonds 160Capital and deposits of State banks, private bankers, t rust and loan companies, and savings
banks 168Resources and liabilities of State banks, savings banks, and trust companies at various dates . . 174National-bank and legal-tender notes outstanding at various dates 181Abstract of resources and liabilities of national banks for each year from 1863 to 1885 182Abstract of reports of the condition of the national banks during the past year 20 0General index 247
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EEPORT
THE COMPTROLLER OF THE CURRENCY.
TREASURY DEPARTMENT,OFFICE OF COMPTROLLER OF THE CURRENCY,
Washington, December 1, 1885.I have the honor to submit for the consideration of Congress, in com-
pliance with section 333 of the Eevised Statutes of the United States, thetwenty-third annual report of the Comptroller of the Currency. Duringthe year ending November 1, 1885, one hundred and forty-five bankshave been organized, with an aggregate capital of $16,938,000; circu-lating notes have been issued to these new associations amounting to$4,274,910* The following table gives the number of banks organizedin each State and Territory during the year ending November 1, 1885,with their aggregate capital and circulation:
States and Territories. No. ofbanks.
111110261111221723237410113611714421211112
145
Capital.
$100, 00050, 000100, 000150, 000
1, 685, 000150, 000800, 000210, 00050 000
400^ 000125, 000250, 000150, 00050, 000
500, 000300, 000550, 000100, 000250, 000
1, 550, 0001, 050, 0002, 508, 0001, 865, 000150, 000350, 00075, 000965, 000710, 000275, 000300, 000200, 000160, 00U50, 000560, 00050, 000150, 000
16, 938, 000
Bonds de-posited.
$25, 00013 00025, 00037, 500
790, 00065, 000
182, 50050, 00012, 50050, 00050, 0007L,00055, 00012, 500
128, 00080, 000140, 00025, 000155, 000546, 000675, 000312, 000365, 50065, 000
164, 50019, 000
241, 300180, 00069, 00062, 50050,00040, 00012, 500140, 00012, 50037, 500
4, 959, 300
Circulationissued.
$22,500
22, 50033, 740711,00058, 500164, 24045, 000
45, 00045, 00018, 90049, 50011, 240
115,19072, 000
126, 00022, 490
139, 500491, 400607, 500280, 780328, 88058,490136, 78017,100217,120148, 39011, 25056, 25045, 00036, 00011, 25081,42011, 25033,750
4, 274, 910
MaineNew HampshireVermontMassachusetts ..New YorkNew JerseyPennsylvania...DelawareMarylandVirginiaNorth Carolina .GeorgiaFloridaMississippiTexasArkansasKentuckyTennesseeMissouriOhioIndianaIllinoisMichiganWisconsinIowaMinnesotaKansasNebraskaOregonColoradoUtahMontanaWyomingDakotaWashingtonCalifornia
Total
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6 REPORT OF THE COMPTROLLER OF THE CURRENCY.
These banks are located by geographical divisions, as follows: East-ern States 4 banks, with capital of $400,000; Middle States, 20, withcapital of $2,895,000; Southern States, 21, with capital of $2,425,000;Western States, 76, with capital of $9,473,000; Pacific States, 8, withcapital of $725,000; Territories, 16, with capital of $1,020,000.
Since the establishment of the national banking system, on February25,1863, there have been organized 3,406 national banks. Of these 432have gone into voluntary liquidation for the purpose of winding up theiraffairs; 79 have gone into voluntary liquidation for the purpose of reor-ganization; 64 are in liquidation by expiration of their charter, of whichnumber 38 have been reorganized; and 104 have been placed in the handsof receivers for the purpose of closing up their affairs; leaving the totalnumber in existence 2,727, on November 1,1885, which is the largest num-ber that has been in operation at any one time.
The corporate existence of 864 national banks expired during the yearending November 1, 1885, of which 801 have been extended under theact of July 12, 1882. Forty-eight have permitted their corporate exist-ence to expire, and are in liquidation under section 7 of said act (32 ofwhich have been succeeded by other banks located in the same places,and with nearly the same shareholders), and 13 have been placed involuntary liquidation by vote of shareholders owning two-thirds of theirstock, of which 7 were succeeded by other banks. The remaining 2became insolvent, and were placed in the hands of receivers. The cor-porate existence of 14 national banks, with an aggregate capital of$4,450,000, will expire during November and December of this year;and the corporate existence of 18 national banks, with an aggregatecapital of $3,135,000, will expire during 1886. Four national banks,with an aggregate capital of $600,000, have failed and been placed inthe hands of receivers during the year.
Under the provisions of the act of July 12, 1882, national banks witha capital of from $50,000 to $150,000 may be organized upon a minimumdeposit of United States bonds equal to 25 per cent, of such capital.The minimum deposit of bonds required by law to be made by bankswith a capital of upwards of $150,000 is $50,000. The following tableshows the number of banks organized from July 1,1882, to July 1,1885,their capital stock, amount of bonds deposited in accordance with law,and the circulation issued thereon:
Tear.
July 1,1882, to July 1,1883..July 1,1883, to July 1,1884..July 1,1884, to July 1,1885..
Numberof banks.
251218142
Capital.
$26, 552, 30019, 944, 00015, 205, 000
Minimumbonds
required.
$5,155, 5004,016,0003, 061, 250
Bondsactually
deposited.
$7,116,4004, 676,1003, 332, 800
Percentageof excess
Per cent.28148
Circulationissued.
$6, 404,7604,208,4902,999, 520
An examination of the foregoing table shows that 611 banks havebeen organized between the dates above given, with a capital of$61,701,300; that they have deposited $15,125,300 of bonds, upon whichcirculation to the amount of $13,612,770 has been issued. The mini-mum deposit of bonds, as required by law for said banks is $12,232,750,and it will be seen that while the actual deposit has in the aggregateexceeded the minimum, yet this excess has steadily decreased duringthe three years covered by the table. The excess above the requiredminimum of bonds deposited from July, 1882, to July, 1883, was 28 percent, of the total deposit. From July, 1883, to July, 1884, this excesswas 14 per cent, only of the total deposit, and from July, 1884, to July,
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 7
1885, the excess was still further diminished to 8 per cent. This showsconclusively that the banks organized between the periods named havenot been induced to enter the system on account of the profit to be de-rived from the issue of circulating notes, but because it was believed bytheir managers that they would have a better credit and standing withthe public under the national bank act than as State or private banks.
It is also to be noted that the reduction by the act of July 12, 1882,of the minimum amount of bonds to be deposited by national banks of$150,000 capital and under to one-quarter of their capital stock hashad a tendency to increase the organization of small banks throughoutthe country. While the number of banks organized from July 1, 1870,to July 1, 1882, with a capital of $150,000 and under was 232, the num-ber of banks of this class organized from July 1, 1882, to July 1, 1885,was 548, These small banks have in many instances been organized totake the place of private banking firms and small State banks, partic-ularly in the West, Northwest, and Southwest. It is believed that thischange is to the advantage of the public, as the majority of these bankswere previously carrying on a banking business without being subjectto an examination of their affairs, and without the security given by thepublication of sworn statements of their condition, to which supervisionand requirement they will be subject under the national bank act.
Under the present law, the minimum deposit of bonds required to bemade by the 2,714 national banks in operation in the United States onOctober 1, 1885, would be but $80,970,423 in order to continue as na-tional banking associations. A table has been prepared and will befound in the Appendix, showing for the national banks in each State,Territory, and reserve cities, the minimum amount of bonds requiredby law, the bonds actually held, and the circulation issued thereonOctober 1, 1885. This table also shows the increased amount of circu-lation which the national banks might issue in the event of the passageof a law authorizing them to issue circulation equal to the par value ottheir bonds on deposit.
It is believed that the national banking system will be continuedeven if the associations organized under it cannot issue circulation ata profit, inasmuch as the experience under it has shown it is for the bestinterests of the public, as well as of the banks, that this business shouldbe carried on under a general law having effect throughout all the differ-ent States. This statement is made without prejudice to banks organizedunder the statutes of those States which contain provisions and restric-tions similar to those of the national banking law. In many of theStates, however, the banking laws are defective, and it is evident thatthe legislation upon the subject cannot be homogeneous, nor the work-ing of the laws so harmonious and useful under statutes passed bythirty-eight States as under one general law of Congress applicable toall banking institutions.
EXTENSION OF THE CORPORATE EXISTENCE OF NATIONAL BANKS.
The original national currency act of February 25, 1863, providedin section 11 that banks organized under its provisions should havesuccession for a period of not exceeding twenty years from the date ofsaid act, as follows:
Every association formed pursuant to the provisions of this act may make anduse a common seal, and shall have succession by the name designated in its articlesof association, and for the period limited therein, not however exceeding twentyyears from the passage of this act.
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8 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Under the provisions of this act 488 banks were organized, of which88 had ceased to exist prior to January 1, 1882, leaving 400 still in op-eration on that date. Of these, 314 were extended under the act ofJuly 12,1882, 72 were succeeded by other associations with the same ordifferent names, 12 went out by voluntary liquidation or expiration ofcorporate existence without successors, and 2 were placed in the handsof receivers. The corporate existence of 297 of these banks expired onFebruary 25, 1883, and 270 were then extended 5 while 103 expired pre-vious to that date, of which 44 were extended. ,
The national bank act of June 3, 1864, superseding that of February25,1863, provides in section 8 that each national bank shall have suc-cession for twenty years from the date of its organization, that is, fromthe date of its organization certificate. This section was embodied insection 5136, Kevised Statutes, now in force, which is as follows:
Upon duly making and filing articles of association and an organization certificate,the association shall become as from the date of execution of its organization certifi-cate a body corporate, and as such and in the name designated in the organizationcertificate, it shall have power: First, to adopt and use a corporate seal; second, tohave succession for a period of twenty years from its organization, unless it is soonerdissolved according to the provisions of its articles of association, or by the act of itsshareholders owning two-thirds of its stock, or unless its franchise becomes forfeitedby some violation of law.
Anticipating the fact that a large number of national banks wouldexpire by limitation during the years 1882 and 1883, the Comptroller ofthe Currency, in his annual report for 1881, recommended that an actbe passed providing that any national bank might, with the approvalof the Comptroller, at any time within two years prior to the date ofexpiration of its corporate existence, extend its period of succession fortwenty years by amending its articles of association.
In accordance with this recommendation, a bill was introduced soonafter the assembling of the Forty-seventh Congress, and was referredto the Committee on Banking and Currency, and by that committee re-ported to the House, and after considerable discussion, passed on May30, 2882, by a vote of 125 to 67.*
The bill was amended in the Senate in many particulars, and passedthat body June 22, 1882, by a vote of 34 to 14.t It subsequentlypassed the House July 10,1882, upon a report of conference committee,yeas 110, nays 79, not voting 101,$ and received the approval of thePresident July 12, 1882.
Prior to the passage of this act the right of shareholders of nationalbanks whose corporate existence was about to expire, to organize underthe national bank act new associations with the same names, in or-der to retain as far as possible their business and the prestige of theirnames, which had become known throughout the country, was in doubt,and inasmuch as there was then no statute permitting the extension oftheir corporate existence, the opinion of the Attorney-General was re-quested on this point, and on the 23d of February, 1882, an opinionwas given, in which he said: 1
The present national banking laws do not forbid the stockholders of an expiringcorporation from organizing a new banking association, nor from assuming the nameof the old corporation, with the approval of the Comptroller of the Currency, and inthe absence of any prohibition to that effect, no legal obstacle to the formation of anew association by such stockholders, and the adoption of the name, of the old associ-ation, would in my opinion exist.
* Congressional Record, No. 120, p. 25, Forty-seventh Congress,t Ibid,, No. 147, p. 32.$IMd., July 11,1882.
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EEPORT OF THE COMPTROLLER OF THE CURRENCY. V
As there was some uncertainty in regard to the passage by Congressof the act for the extension of the corporate existence of national bank-ing associations, fifty banks gave notice of liquidation, and in most in-stances new associations were organized with the same titles and the samestockholders as those which had been placed in liquidation. A provisoattached to section 5 of the act of July 12,1882, requires that in the or-ganization of any banking association, intended to replace any existingbanking association and retaining the name thereof, the holders ofstock in the expiring association shall be entitled to preference in theallotment of the shares of the new association in proportion to the num-ber of shares held by them respectivelv in the expiring association.
Under the act of July 12,1882, nearly all of the banks then in exist-ence which were organized under the act of February 25,1863, extendedtheir corporate existence during the following months:July, 1882 6August, 1882 9September, 1882 7October, 1882 5November, 1882 4December, 1882 7January, 1883 4February, 1883 * 2February 25, 1883 270
Total 314
The whole number of banks organized under the act of June 3, 1864,to the date of the act of July 12,1882, was 2,266, of which 450 had beenclosed, leaving 1,816 in operation on that date. The following tablegives the number of these banks, the original periods of succession ofwhich will terminate during each year from 1886 to 1899 inclusive, withtheir capital and circulation:
Tears.
1886188718881889 .. .. . .18901891 .. . . .189218931894 .18951896189718981899
Total
Numberof banks.
1851136310410339678123282741
613
Capital.
$3,135, 000950, 000
1, 250, 000600, 000
9. 290, 50013,193, 90012, 879> 6004, 740, 0007, 638, 00030,665,0001, 968. 0002, 969, 0002, 649, 0004, 820, 000
76, 748, 000
Circulation.
$1, 848,250925,000719,100450, 000
6, 419, 9509,120, 8808, 300, 8703, 849, 4005, 819,1507, 650, 0001, 525, 5002,106, 0002, 208, 6003, 811, 900
54,754,600
On November 1, 1885, 885 banks organized under the act of June 3,1864, had been extended, making, with the 314 extensions of banks or-ganized under the act of February 25,1863, 1,19& associations the cor-porate existence of which has been extended under the act of July 12,1882. In the Appendix will be found a table showing the distributionand capital of these banks by States. During the year ending Novem-ber 1, 1885, the periods of succession of 864 banks organized underthe act of June 3, 1864, terminated. Of these, 801 have already ex-tended their corporate existence, 5 were placed in voluntary liquidation
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10 EEPORT OF THE COMPTEOLLER OF THE CURRENCY.
by the vote of stockholders owning two-thirds of their stock, 15 werepermitted by their stockholders to close at the end of their periods ofsuccession, 4 were placed in the hands of receivers, and 39 were suc-ceeded by other associations with different names but with the sameshareholders, wholly or in part. From November 1 to December 31,1885, 14 banks will expire, all of which have applied in due form forextension.
Among the banks extended during the year were 30 in the city ofNew York, with an aggregate capital of $35,350,000, as well as a largenumber in Boston, Philadelphia, and other principal cities, being someof the largest banking institutions in the United States. It is also in-teresting to note that many of the banks extending during the pastyear were originally organized under the various State laws, and thecontinuation of their existence under the national banking system indi-cates their belief that it is for their best interests to do business underthe general banking laws of the United States.
The number, capital, and circulation of the national banks whoseperiods of succession terminated between November 1, 1884, and No-vember 1, 1885, are shown by the following table, which also indicatesthe number whose corporate existence has been extended, and the num-ber which have expired and have been succeeded by other nationalbanks:
Date.
Num-ber
banksthathave
expired,
Capital. Circula-tion.
Numberbanksthat
have ex-tended.
Capital. Circula-tion.
Numberbanks
succeed-ed byother
banks.
Capital. Circula-tion.
1884.NovemberDecember
1885.JanuaryFebruaryMarch .April...*&y ...June. . .July .. .AugustSeptember.October ..
Total....
48 $16,695,150110
10968126851221392414127
40, 415, 240
27, 549, 50011, 576, 00032, 336,35024, 941, 97028, 507, 33050, 094, 9154, 915, 0001, 951, 0001, 775, 000905, 000
$9, 635,45022, 269, 290
16,420, 0157,921,94017,411, 51013, 082, 08518, 931, 59525, 418, 9102, 047, 8001,129, 500
913, 950729, 000
* 46106
9466316791161312110
$16,195,15038, 515, 240
25, 054, 50011, 226,00030, 946, 35021, 266, 97027, 807, 34047, 669, 9154, 265, 0001, 516, 0001,125, 000
905, 000
241, 662, 455 130, 911, 045 801
$9, 545,45022, 099, 640
14, 467,3657, 815,74016, 507, 01012, 704, 08518,496, 84519, 877, 5601, 522, 800891, 000711, 450729, 000
$200, 0001, 850, 000
$45, 000157, 500
2,145, 000 1, 637, 650
855, 000275, 000300, 000300, 000650, 000375, 000650, 000
567, 000153, 000202, 500176, 850525, 000184, 500202, 500
226,492, 465 125, 367, 945 39 7, 600, 000 3, 851, 500
It will be seen from the foregoing statements that a larger number ofnational banks expired by limitation during the year ending November1, 1885, than have or will expire during any other year between thepassage of the act of July 12, 1882, and the year 1900.
The additional labor entailed upon this office by the extension of solarge a number of banks in so short a period of time has been very con-siderable, it being necessary in all instances to carefully examine theoriginal articles of each association as well as the amendments and thesignatures of assent of the shareholders thereto. On account of section6, which provides that new circulating notes shall be issued to eachextended association, duplicate accounts have necessarily been openedupon the books of this office with every extended bank, and in accord-ance with the third section of the act it has been necessary that a specialexamination should be made of each bank to determine its condition, asbefore granting a certificate of approval for extension to any association
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EEPOET OF THE COMPTROLLER OF THE CURRENCY. 11
the Comptroller must be satisfied that its capital is UDimpaired and thatit is otherwise in a sound condition.
It appears to be a matter of congratulation to the friends of the na-tional banking system that the associations, the original periods of suc-cession of which have terminated, have up to this time as a rule decidedto continue in business, notwithstanding the fact that very little if anyprofit can be made upon circulation under the present provisions of thelaw and the prevailing high prices of Government securities.
The provisions of the act for the extension of the corporate existenceof national banks in the main appear to be admirably suited for thatpurpose. Those of the first and second sections, which provide that theperiod of succession may be extended by simply amending the articlesof association, by the consent in writing of shareholders owning notless than two-thirds of the capital stock, are simple and easily carriedout by the banks.
Section 3, which provides for a special examination of the associationin order to determine its condition, is also well adapted for the purpose.
That part of section 4 which provides that the extended bank shallcontinue to be in all respects the identical association it was before theextension of its period of succession prevents any break or disturbancein its business, enables the bank to retain its surplus fund, and is espec-ially useful in the matter of any litigation for collection of assets, titleto property, &c.
It would, however, appear that some of the provisions of section 5might be amended with advantage to the public. Said section is asfollows:
SEC. 5. That when any national banking association has amended its articles o*association as provided in this act, and the Comptroller has granted his certificate ofapproval, any shareholder not assenting to such amendment may give notice inwriting to the directors, within thirty days from the date of the certificate of ap-proval, of his desire to withdraw from said association, in which case he shall beentitled to receive from said banking association the value of the shares so held byhim, to be ascertained by an appraisal made by a committee of three persons, one tobe selected by such shareholder, one by the directors, and the third by the first two jand in case the value so fixed shall not be satisfactory to any such shareholder, hemay appeal to the Comptroller of the Currency, who shall cause a reappraisal to bemade, which shall be final and binding; and if said reappraisal shall exceed thevalue fixed by said committee, the bank shall pay the expenses of said reappraisal,and otherwise the appellant shall pay said expenses; and the value so ascertainedand determined shall be deemed to be a debt due, and be forthwith paid, to saidshareholder, from said bank ; and the shares so surrendered and appraised shall,afttr due notice, be sold at public sale, within thirty days after the final appraisalprovided in this section : Provided, That in the organization of any banking associ-ation intended to replace any existing banking association, and retaining the namethereof, the holders of stock in the expiring association shall be entitled to prefer-ence in the allotment of the shares of the new association in proportion to the num-ber of shares held by them respectively in the expiring association.
Provision is thus made to ascertain the value of shares of non-assent-ing shareholders, by an appraisal to be made by a committee of threepersons, one to be selected by the non-assenting shareholder, one by thedirectors, and a third by the first two. But if the bank does not heedthe notice of withdrawal and declines to appoint a person to serve onthe committee of appraisal, there is no penalty for such neglect, andapparently the shareholder's only remedy is by a suit in some court ofcompetent jurisdiction. I therefore conclude that some provision shouldbe made for the enforcement of this section. Provision is also made, incase the value of the shares fixed by the committee of appraisal is not sat-isfactory to the shareholder, that he may appeal to the Comptroller of theCurrency, who shall cause a reappraisal to be made, which shall be final
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12 EEPORT OF THE COMPTROLLER OF THE CURRENCY.
and binding. No provision is, however, made for an appeal on the partof the bank, where the valuation fixed by the committee is not satisfac-tory to it. I have to recommend, therefore, that the section be amendedto obviate this defect.
Provision is further made that after the appraised value has beenpaid to the shareholder, as provided by law, and the shares surrendered,the same shall, after due notice, be sold at public sale within thirtydays after the final appraisal. It appears that in many cases thirtydays is not sufficient time for the bank to realize a fair price for shareswhich it is thus compelled under the law to purchase, and inasmuch assection 5201 of the Bevised Statutes provides that stock purchased oracquired to prevent loss upon a debt previously contracted in goodfaith may be sold at any time within six months from the date of itspurchase, at public or private sale, it would seem that the law shouldgrant at least as long a period for the sale of the stock which an asso-ciation is compelled to take from a retiring stockholder under the act ofextension, and the Comptroller recommends an amendment to thiseffect.
Section 6, which relates to the circulation of extended associations, isas follows:
SEC. 6. That the circulating notes of any association so extending the period of itssuccession which shall have been issued to it prior to such extension shall be redeemedat the Treasury of the United States, as provided in section three of the act of Junetwentieth, eighteen hundred and seventy-four, entitled "An act fixing the amountof United States notes, providing for redistribution of national-bank currency, andfor other purposes," and such notes when redeemed shall be forwarded to the Comp-troller of the Currency, and destroyed, as now provided by law; and at the end ofthree years from the date of the extension of the corporate existence of each bank theassociation so extended shall deposit lawful money with the Treasurer of the UnitedStates sufficient to redeem the remainder of the circulation which was outstandingat the date of its extension, as provided in sections fifty-two hundred and twenty-two,fifty-two hundred and twenty-four, and fifty-two hundred and twenty-five of the Re-vised Statutes; and any gain that may arise from the failure to present such circulat-ing notes for redemption shall inure to the benefit of the United States; and fromtime to time, as such notes are redeemed or lawful money deposited therefor as pro-vided herein, new circulating notes shall be issued as provided by this act, bearingsuch devices, to be approved by the Secretary of the Treasury, as shall make themreadily distinguishable from the circulating notes heretofore issued : Provided, however,That each banking association which shall obtain the benefit of this act shall reim-burse to the Treasury the cost of preparing the plate or plates for such new circulat-ing notes as shall be issued to it.
It is respectfully submitted that more than three years should begranted within which to deposit lawful money to retire the remainderof the circulation outstanding at the date of extension. If this periodshould be extended to six years the necessary deposit would then becomparatively small. In the natural course of redemption the outstand-ing circulation of old design of extended associations is constantly beingdecreased, as all such notes redeemed are retired without regard to theirfitness for circulation, notes of a new design, as provided by law, beingissued in their place. See tables, pages 114,115.
Upon reference to a statement heretofore made of the extension ofthe corporate existence of national banks organized under the act ofFebruary 25, 1863, it will be noticed that 270 banks, with a circulationof $47,997,430, were extended on February 25, 1883, and therefore law-ful money must be deposited under section 6 within thirty days fromFebruary 25,1886, to retire such portion of this circulation as then re-mains outstanding. From the redemptions of this circulation made inregular course, it has for some time been evident to the Comptrollerthat the amount of the final deposit required by this law to be made in
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lawful money during the thirty days succeeding February 25, 1886,would be very large, and that this deposit of lawful money within soshort a period would perhaps occasion some temporary disturbance atmoney centers, particularly as some time would necessarily elapse be-fore new circulation to replace that retired could be issued by the banks.
In this connection I desire to call attention to a portion of section 9,which provides that in the aggregate not more than three million dol-lars of lawful money shall be deposited by national associations duringany calendar month in order to withdraw their circulating notes, exceptwhen bonds owned by the association shall be called for redemption by theSecretary of the Treasury. It does not appear that lawful money de-posits made under section 6 are exempted from the provisions of section9 referred to, and inasmuch as the deposits under section 6 may attimes exceed $3,000,000 in any one month, there is an apparent conflictin the act. I therefore recommend that the time of deposit be extended.I also recommend that section 9 be so amended that its provisions shallnot apply to the deposit of lawful money by extended associations.
In anticipation of the difficulty which might arise after February 25,1886, from the apparent conflict of law referred to, and from.the largedeposit of lawful money, which, if not made before, would, by the law,be required to be made within thirty days following that date, theComptroller, early in the present year, began to advise national bankswhich would be required by section 6 to make deposits of lawful moneyon or before March 25, 1886, in order to prevent, if possible, any dis-turbance, to make such deposits in advance, in sums of $10,000 ormultiples thereof, extending them over a period of some months. Thesebanks were also advised to order in advance the preparation of notesof new design, that they might be in readiness to be issued to replacethe circulation retired by the deposit of lawful money under section 6.Early in August a printed circular letter embodying this advice wassent to all the national banks interested. Many of the banks so ad-dressed have responded, and it is believed that the action of this officehas had an excellent effect, and that the amount of lawful money to bedeposited within thirty days after February 25, 1886, will be much lessthan if this action had not been taken.
If the only object of section 6 is to enable the United States to gainthe benefit from lost or destroyed notes, this object might have beenaccomplished by simple enactment to this effect, without the expenseof the issuance of new notes and the deposit of lawful money. ~~
The extension of the franchises of expiring associations for the solepurpose of liquidating their affairs until closed, as provided for in sec-tion 7, appears to answer its purpose.
The remaining sections of the act are for purposes other than theextension of the corporate existence of national banks, and it is notnecessary in this connection to make any statement in regard to theirprovisions.
At this date but two reappraisals have been made of the stock ofnon-assenting shareholders, under section five, by the Comptroller ofthe Currency.
CIRCULATION.
Notwithstanding the fact that 145 new banks were organized duringthe past year, with a capital of $16,938,000, depositing $4,959,300 ofbonds as security for circulating notes, the aggregate of bonds on de-posit for that purpose has diminished from $325,316,300 to $308,364,550.
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14 EEPORT OF THE COMPTROLLER OF THE CURRENCY.
deposited by the banks to secure their circulating notes on November1, 1883, November 1, 1884, and November 1, 1885.
Three-and-a-halfsThreesT\>u r- an d- a-halfs
Fours . . - -.
1883.
$632, 000201,327,750
41,319,7003, 463, 000
106,164, 850
352, 907, 300
1884.
$155, 604, 40049, 537, 450
3, 469, 000116, 705, 450
325, 316, 300
1885.
$138, 920, 65049, 547, 250
3, 505, 000116,391,650
308, 364, 550
By reference to this table it will be seen that the aggregate reduc-tion of bonds deposited for the year ending November 1, 1885, was$16,951,750. The changes were as follows: An increase of $^6,000 inPacific currency sixes and of $9,800 in the amount of four-and-a-halfper cents deposited, a reduction of $313,800 in the amount of four percents held, and a reduction of $16,683,750 in the amount of three percents held, payable at the option of the Government. Of the three percents $9,586,200 had been called for payment, and interest had ceasedon November 1, 1884.*
The following tables show the decrease of national-bank circulationduring the years ending November 1, 1883, November 1, 1884, andNovember 1, 1885, and the amount of lawful money on deposit at each,of the dates named:National-bank notes outstanding November 1,1882, in-
cluding notes of national gold banks $362,727,747Less lawful money on deposit at same date, including
deposits of gold banks 38,423,404$324,304,343
National-bank notes outstanding November 1,1883 352,013,787Less lawful money on deposit November 1,1883 35,993,461
« - 316,020,326
Net decrease of circulation/*.,^v.&?^Jfm}hft':ff A fj.yt 8,284,017
National-bank notes outstanding November 1, 1883, in-cluding notes of national gold banks 352,013,787
Less lawful money on deposit at same date, includingdeposits of national gold banks 35,993,461
316,020,326National-bank notes outstanding November 1, 1884, in-
cluding notes of national gold banks 333,559,813Less lawful money on deposit at same date, including
deposits of national gold banks 41,710,163291,849,650
Net decrease of circulation. £ J v . .*?^2 . Qti'?.'* /A /. r. 24,170,676
National-bank notes outstanding November 1, 1884, in-cluding notes of national gold banks 333,559,813
Less lawful money on deposit at same date, includingdeposits of national gold banks 41,710,163
• 291,849,650National-bank notes outstanding November 1,1885, in-
cluding notes of national gold banks 315,847,168Less lawful money on deposit at same date, including
notes of national gold banks 39,542,979— 276,304,189
Net decrease of circulation^.^1? ._*•*).£ '.f^A...:../. (.* 15,545,461
# A large proportion of these bonds were replaced by others.
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It will be seen that the banks held on November 1,1884, $155,604,400,and on November 1,1885, $138,920,650, of three per cents under the actof July 12,1882, payable at the pleasure of the Government. The Sec-retary of the Treasury, during the year ending November 1, 1883, paid$105,634,150, and during the year ending November 1,1884, $105,970,450of the public debt. In the latter year three per cents only were called.No bonds were called for the year ending November 1, 1885. Reason-ing upon the theory that the public debt would, during the year endingNovember 1, 1885, continue to be reduced by the payment of three percent, bonds, and that this reduction would occasion the reinvestment oftrust and other funds invested in threes, and cause a greater demand forand consequent increase in the price of four percent, bonds to a point atwhich it would be more profitable for the national banks to sell them,the Comptroller estimated in his last annual report to Congress, thatunless legislation should be secured enabling the banks to issue cur-rency at a fair profit, circulation would be reduced at the rate of at least$40,000,000 per annum. It is believed that this estimate would havebeen substantially correct had the Government continued during 1885to call and pay the three per cent, bonds as rapidly as during the twoprevious years.
The reduction of circulation of national banks during the year endingNovember 1, 1885, for reasons other than the call of bonds by which itwas secured, was greater than anticipated. The causes which have ledto this result are small profit remaining to national banks on circulationafter paying the tax of 1 per cent, per annum imposed by the Govern-ment; reduction in the rates of interest throughout the country, occa-sioned by the abundance of money in the financial centers; and, doubt-less, uneasiness among certain of the bankers of the country as to theoutcome of the iucrease of silver in the Treasury, such increase indi-cating that possibly the interest on the public debt, and even someportion of the principal, might be paid in standard silver dollars, andthat Government bonds might thereb5T become depreciated in foreignmarkets, which would undoubtedly affect their price in this country.The credit and standing of this country is deservedly high, and it isnot believed that the people desire either the principal or interest onthe bonded debt of this country to be paid in anything but gold coinor its equivalent. This matter was discussed at the time the bondswere issued, during the period of the refunding of the debt, and thepreparations for the resumption of specie payments, and the convictionis general that the faith and credit of this Government is pledged forthe payment of its securities in gold coin or its equivalent.
The Comptroller in his last annual report made the following state-ment:
The time of the final payment of the debt is, however, yet distant, and withappropriate legislation there will probably be for many years no lack of bonds as asafe basis of circulation. Moreover, no feasible plan with other security has as yetbeen suggested, affording a sound currency redeemable on demand in specie, and theComptroller believes that it is extremely doubtful whether, after the experience ofthe last twenty years, the people would be satisfied with a currency based on anysecurity other thai United States bonds.
Public sentiment seems to be in favor of the payment of the public debt as rapidlyas possible, and while no doubt this is in general a correct principle, yet as it isapparent that such payment must extend under the most favorable circumstancesover a long future period, the interest during which time is as much a portion of thedebt as the principal, it is a question if it would not be of ultimate benefit to thecountry and a payment of the debt to reduce the interest upon it to a minimum rateand defer the payment of the principal, thus giving for many years a safe basis* fornational-bank circulation. This course would be particularly advantageous if the
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revenues of the Government are hereafter reduced to a point which,after providingsufficient means for carrying on public business, will necessitate a more gradualreduction of the principal of the debt.
The measures introduced in the Senate and House of Kepresentativesduring the last session of Congress to enable national banking associa-tions to issue circulation to the par value of the bonds deposited, andfor the funding of the high-rate bonds of the United States into bondsbearing a lower rate of interest, did not become laws, the law taxingcirculation was not repealed, and no legislation whatever in relation tothe national banks or the refunding of the public debt was enacted.
Unless some measures be taken whereby the banks may be enabledto issue circulation at a reasonable profit to themselves, the contractionof national-bank notes will continue. The profit on circulation may beincreased by the removal of the tax and by increasing the amount ofcurrency issued to the par value of the United States bonds deposited;and the Comptroller again respectfully recommends appropriate legis-lation for that purpose. Even if this be done, the national bank-notecirculation is still liable to reduction and final disappearance with thereduction and final payment of the debt of the United States.
Upon examining the various methods of issuing bank notes, adoptedin other countries, and which are described elsewhere in the report, itwill be seen that a large proportion of the issue of notes under the laws ofthe different Governments are based upon the credit of the banks—thatis to say, they are issued against the general assets of the various insti-tutions, and are not, as a rule, secured by special deposits or securitiesheld in trust, or by coin or bullion set apart specially for the protectionof the note-holder.
Irresponsible and illegitimate issues of bank notes have been commonto almost all civilized countries, and financial disturbances have againand again resulted from such issues, notwithstanding the attemptswhich have been made by many different Governments to correct theabuse.
Bank notes, which circulate as money among the people, should eitherbe well secured by special deposit of valuable assets in trust, or theyshould be issued only by corporations whose assets and managementare of such a character as to insure the payment of the notes, and thosecorporations should be compelled by law to carry a sufficient reserve inthe coin of the country for their prompt redemption. Under these cir-cumstances only are bank notes entitled to the confidence of the pub-lic. It is, of course, not to be expected that corporations or privatebankers will issue bank notes, if the law requires them to be based uponthe security of any form of debt and at the same time requires that anamount of coin or bullion equal to the notes issued shall be held by theissuing association for their redemption. There would be absolute losson such an issue. But as long as a bank note is payable on demand bythe issuer thereof, and the public are assured that it rests upon a stablefoundation of security, either deposited in trust or vested in the issuerin such a manner as to secure its ultimate payment, and as long as saidnote is protected by a reserve in proportion to the ordinary demands forcoin when needed for dealings with foreign countries or the naturalwants of trade, the public will use it as money on account of its greaterconvenience.
It being conceded that bank notes based upon coin or bullion will notbe issued in sufficient quantities for the convenience of the public, banksshould be permitted to issue notes upon other securities for the con-
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 17
venience of trade and commerce. The debt of a strong Government is,next to coin or bullion, the most available for this purpose, and in thiscountry up to this time the debt has supplied a safe and satisfactorybasis for bank notes, but in view of the anticipated payment of thepublic debt it becomes a question of interest how far bank notes cansafely be issued without other security than the general assets andcredit of the banks. If tln> liability of shareholders on account of notesissued is increased, and note-hold TS are preferred as against all othercreditors, circulating notes might perhaps be issued by joint stockbanks, under an improved safety fund system to a certain percentageof their capital, unsecured by a deposit of bonds.
My predecessor, Mr. Kuox, in his report for 1883 said:Experience has sliown that if instead of ninety dollars upon each one hundred
dollars of bonds, one hundred dollars of circulating notes had been issued uponevery seventy dollars of United States bonds deposited, there would nor, have been anyloss to the Government, or to the holders of the circulating notes of any of the nationalbanks which have failed during the last twenty years ; but- that there might havebeen an additional loss to the depositors, depending upon the ch tractor of the assetsheld in place of the portion of bonds which on this supposition would have been re-leased. If circulation had been issued to these insolvent banks, which had a capitalof about twenty millions, to the amount of their capital, the value of the bonds beingthe same, and there had been just previous to failure a decline in the market of 5 percent, upon the value of the bonds, the losses w-»uld not have exceede I one million ofdollars. These possible losses would have fallen upon the holders of the notes of suchfew banks only as became insolvent, or upon the creditors of these banks or the Gov-ernment; and if the gain arising from lost notes could have been used as proposed,these possible losses would have be n provided for.
He proposed that a safety fund should be accumulated, '1) from thegain arising from the accidental loss or destruction of the circulatingnotes of national banks; (2) from the tax upon circulation; and (3)from interest to be derived at a low rate upon the fund on deposit inthe Treasury for the purpose of redeeming the notes of national b inksretiring circulation, which now amounts to more than thirty nine milliondollars.
The amount available for a safety fund from the first source is esti-mated now to be not less than six million dollars, and the amount de-rived from the tax of 1 per cent, per annum on circulation during theyear 1884 was more than three millions. Even if this tax for safetyfund purposes should be fixed at one half per cent., in the course ofthree years a safety fund would be in hand amounting to more thanten millions of dollars.
The results of the liquidation of 104 national banks which have failed,and the affairs of which have been liquidated or are in process of liqui-da'ion by receivers under the direction of this office, show in a veryinteresting manner to what extent it may be safe to permit banks underthe national system to issue circulation unprotected by a deposit ofUnited States bonds. Of these 104 banks, 70 have been finally closed,and for them the results are absolute. The remaining 34 are. stillin process of liquidation, but have progressed so far that the final re-sult can be estimated with comparative accuracy.
The dividends paid to the creditors of all these banks from the pro-ceeds of their general assets amount to $2^,379,080. They had an ag-gregate capital of $J1,858,900, upon which under the law they could, ondeposit ot bonds, issue 90 per cent., or $L9.G73,O1O of circulation, [f atthe time of their failure the law had permitted an issue of circulationto the amount of 90 per cent, of capital, unsecured e.ccept by a first lienon general assets of the 104 banks mentioned, the note-holders of 5S wouldhave experienced no loss. If the law had authorized an unsecured issue
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equal to 70 per cent, of capital, the notes of 71 of these banks wouldhave been redeemed from the proceeds of their general assets. At 40per cent., the notes of 90 would have been paid in full, and upon anunsecured issue of 25 per cent, of capital.* loss to note holders wouldhave occurred in the case of live banks only, or about $02,000 in all.
The experience with these 104 banks shows almost conclusively that iftheir issues to the amount of 65 per cent, of their capital had beensecured by a deposit of bonds to an equal amount, the remaining 25per cent, might have been issued without other security than a iirsfclien on the general assets, and if a safety fund had been in existence itwould in the case cited have been drawn upon to the extent ot $62,000only upon a circulation amounting to $5,464,700. For a beginning, there-fore, it might be safe to authorize banks to issue circulation amountingto 90 per cent, of their capital, 70 per cent, to be secured by an equalamount of United States bonds at par value, the remaining 20 per cent,being i!*siied without other security than a first lien on such assets.But if the law should provide for the accumulation of a safety fundin the manner suggested, then as such safety fund increased, the per-centage of circulation unsecured by bonds might be increased, as thediminution of the public debt might require aiid the safety fund war-rant.
Such legislation would have the effect of maintaining bank-note cir-culation, and prevent its being superseded by Government issues, whichan authority as high as Alexander Hamilton has said uare of a natureso liable to abuse, and it may even be affirmed so certain of beingabused, that the wisdom of the Government will be shown in nevertrusting itself with the use of so seducing and dangerous an experi-ment."
While the bank-note circulation of this country is steadily decreasing,there has been no reduction in the total circulating medium in theUnited States, the reduction in tin ua-tional-bank currency outstandinghaving been more than met by the coinage of the standard silver dollarand the issuance of certificates thereon.
The number of silver dollars coined under the provisions of the actof February 28, 1878, amounted to $213,259,43L on November 1, 1885,of which $163,817,342 remained in the Treasury of the United States,while $49,442,089 were in circulation on that date.
Under section 3 of the act mentioned above, silver certificates havebeen issued, which are represented by standard silver dollars in theTreasury of the United States, to the amount of $125,053,286. Of thesilver certificates so issued $31,906,514 remain in the Treasury of theUnited States, leaving $93,146,772 ot these certificates in circulation on[November 1, 1885. Through the operation of the act to authorize thecoinage of the standard silver dollar and to restore its legal-tender char-acter, the circulating medium if sued by the Government of the UnitedStates has been increased in the sum of $213,259,431, of which $49,442,089in standard silver dollars are in the hands of the people, and $70,670,570of like coins are in the Treasury of the United States, in addition to$93,146,772 of said standaid dollars which are represented by silvercertificates in the hands of the people, and which can be converted into
* The redemption of the notes from The proceeds of the general assets would of coursereduce the amount paid from (hose assets to the depositors. In the ca^e of the onehundred and four failed banks, if circulation to the amount of *25 per cent, of the cap-ital had been so redeemed, the average dividends to depositors would have been re-duced from 67 per cent, to 54 per cent, of the claims proved.
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standard dollars at the pleasure of the holder, and are receivable forcustoms, taxes, and all public debts.
Under section 12 of the act of July 12, 1882, said certificates, whenheld by any national banking association, are to be counted as a part ofits lawful reserve, and national banks are forbidden to be members ofany clearing-house in which said certificates shall not be receivable inthe settlement of clearing-house balances. These certificates are re-deemable in silver dollars, but have no legal-tender quality betweenindividuals or between banks, although national banks are compelledto accept them in settlement of clearing-house balances. It hardlyseems just or equitable that national banks should be compelled toreceive these certificates under these conditions, when banks organizedunder State laws, and private individuals, are not compelled to receivethem when tendered.
The Comptroller in his last report to Congress stated that he believedthe operation of the present law, which compels the coinage of twomillion standard silver dollars per mouth, weighing only 412^ grainseach, with unlimited legal tender quality, would eventually bring finan-cial disturbance upon the country, and he is still of the same opinion.
Referring to silver certificates, the following suggestions were alsomade in the Comptroller's last report:
If it is for the best interests of the United States to issue a circulation based upon,silver, the Comptroller believes that the circulation should be issued upon coiu orbullion which contains a sufficient number of grains of silver to have an intrinsicvalue equal in the markets of the world to its nominal value; and that under certainrestrictions and regulations it would be far more correct in principle to issue silvercertificates based upon a deposit of silver bullion, to be valued in the exact proportionof silver to gold, than to continue the issue of certificates under the present law.
These reflections are upon the theory, held by many, that it is for the best interestsof this country to maintain a circulation based upon silver. The Comptroller doubtsthe correctness of this theory, but it is submitted that the circulationnow outstand-ing based on silver is a depreciated currency, by the issue of which the Governmenthas gained at the expense of the people who now hold the silver dollars aud certifi-cates, and that therefore it is incumbent on the Government, if it continues to issuecirculation based upon silver, to do so under a plan which will not only provide asound circulation for the future, but also prevent the holders of the present certifi-cates and dollars from sustaining loss.
As the silver question is more unsettled than it was at the time theforegoing was written, not only in the United States but elsewhere, itseems doubtful if this Government should attempt to issue a circulationbased upon silver, even at its bullion value, until the relative value ofthis metal is more definitely settled throughout the world. The discon-tinuance of the coinage of the silver dollar by our Government mightperhaps have a tendency to bring about some agreement with othernations, and the fixing of a standard for a series of years; it is howeverevident that the coinage of the standard silver dollar under the presentlaw is in excess of the requirements of the country, and should be dis-continued. If we continue to add these dollars to our circulating me-dium, and they continue to accumulate in the Treasury, the Governmentmust of necessity pay some portion of its obligations iu that coin; andif the Government should pay its interest and other obligations andredeem its bonds in standard dollars, the business of the country wouldimmediately go to a silver basis. What effect this would have it isdifficult to predict. It would appear, however, that gold would go toa premium, which would compel its being held, to a certain extent, asan article of merchandise, and it would not circulate as money. Tniswould probably occasion contraction in credits and financial disturb-ance. The effect upon the legal-tender notes, which by the terms of
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section 12 of the act of July 12, 1882, appear to be redeemable in gold,cannot well be foreseen, but it would be difficult for the Government withits present stock of gold to redeem the outstanding legal-tender notes,or such portion of them as might be presented, if gold was held at apremium. Inasmuch as the national-bank notes are redeemable inlegal tender notes, their position would be determined by the status ofthe latter.
The substitution of standard silver dollars and silver certificates basedthereon, in place of bank notes, which is taking place under the pro-visions of law now in force, evidently requires consideration and appro-priate legislation.
BANK-NOTE ISSUES OF OTHER COUNTRIES.
Macleod, in his exhaustive work on the Theory and Practice of Bank-ing, states that—
"The circulating medium of any country is—(1) Coined money—gold, silver, and copper.(2) Paper currency, viz, promissory notes and bills of exchange, with all their
variety.(3) Small debts of all sorts, such as credits in bankers' books, called deposits, book
debts of traders, and private debts between individuals."
Bank notes come clearly within the second classification, and aremerely promises on the part of the bank to pay on demand a sum ofmoney. Unless otherwise provided for, this sum is payable in the coinedmoney of the country where the note is issued. The metallic money inwhich the note is redeemable on demand is that issued by the govern-ment of the country or State, and authenticated as to weight and fine-ness by its mints.
In the earlier days of banking, promissory notes of joint-stock banks,private bankers, and merchants were all on the same footing as inlandbills of exchange, that is to say, they were all transferable by indorse-ment. Under the present system of issuing bank notes, payable on de-mand to bearer, they pass in ordinary business transactions from handto hand as a circulating medium in the same manner as coined money.
The commercial transactions of the world have grown to be so enor-mous, and the use of bank notes therein so universal, that most Govern-ments, recognizing thenecessityof making the security for fulfillmentof these promises as substantial as possible, have enacted laws wherebythey are issued under certain restrictions and regulations, in order thatthe public, many of whom are unable to discriminate between the dif-ferent issues of the banks, may not suffer loss by receiving what is sup-posed to be an equivalent of money. Either securities are requiredto be deposited in trust, as under the national bank system, or setaside and held in the bank, as in the case of the Bank of England,or the issues are regulated by the condition of the assets, the amount ofcapital paid in, and the amount of coin on hand. Very often the lawprovides that the circulating notes shall be a first lien upon all the as-sets of the bank, aud sometimes a direct guarantee of payment of banknotes is given under conditions by the Government.
Since the passage of the national currency act in 1863, the entireMink-note circulation of the United States has been secured by a de-
posit of Government bonds with the Treasurer of the United States,and owing to the care with which this precaution has been exercised thegeneral public scarcely realize that these notes are simply promises re-deemable on demand, and not money.
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As at some time in the future the redemption and payment of thepublic debt of the United States will probably make it necessary toissue bank notes upon the basis of some other security, it will be usefulto examine the various methods of issuing and securing bank notesunder the laws of the principal commercial nations of the world, inorder that the experience of other countries may be made available forthe welfare of our own. A system which is successful in one countryor nation may not be adapted to other countries, but from the experi-ence of all, valuable deductions may be drawn.*
ENGLAND.
Bank-note circulation in England is regulated by the act of Parlia-ment of 1844, which provides for the issuance by the Bank of England of£14,000,000 of bank notes through an issue department, to which was tobe transferred £14,000,000 in Government securities, and also that thebanks of issue, consisting of joint-stock and private banks other than theBank of England, in existence at the date of the act, should not there-after be permitted to issue notes except to the amount they then had incirculation, issued by them and outstanding. In other words, the actualcirculation to which each of these banks was to be entitled under the act,was to be arrived at by taking the average amount of circulation in eachcase for twelve weeks prior to April 27 of that year, and under thisregulation the maximum issue by provincial banks—that is, banks inEngland outside of London, not including those of Scotland or Ireland—was then fixed at about eight and three-quarters million pounds. Undercertain conditions these banks of issue which were in existence in May,1844, might cede their privilege of circulation to the Bank of Englandfor a fixed consideration of 1 per cent, per annum to August 1, 1S5(>, andthe privilege of issue of any of these batiks w.as forfeited in case of failureto exercise it, of bankruptcy, or certain changes in the constitution oftheir partnerships. The Bank of England was authorized to issue itsown notes for the full amount of the circulation of other banks com-pounded for, and by order of Grown in council, to two-thirds of theamount of lapsed circulation.
The total amount of issues lapsed or compounded for since 1844 bythe country banks is about two and three quarters million pounds, leav-ing the present authorized circulation of such banks at about six million pounds, or $30,000,000. It is estimated that the actual circulationof these English provincial banks, that is of the banks other than theBank of England, having privilege of issue, is but four per cent, of theirentire liability to the public. By the issue of its own notes in place ofthe lapsed and surrendered circulation mentioned, the circulation of thethe Bank of England, based on Government securities, has been increased
*For the facts in reference to foreign banks of issue, the Comptroller is indebted tothe paper on "Bank Notes," by John Biddulph Martin, M. A.., F. S. S., published inthe Journal of the London Institute of Bankers, March, 1880; paper of Mr. RobertW. Barnett, on " Etfect of the Development of Banking," Journal London Instituteof Bankers, February, 1881; ''The Theory and Practice of Banking," Henry DunningMacleod, M. A., 2 ed., 1866 ; " The Three Great Banks of Europe," paper by Et. H. InglisPalgrave, in Journal London Institute of Bankers, June, 1879 ; "Lombard Street," byWalter Bagehot; paper ou " Theory and Practice of Banking in Scotia id," by JamesSimpson Fleming, F. R. S., Journal London Institute of Bankers, 1832-l8S3,re id Jan-nary 17, 1883 ; " Report of select committee of Parliament on Banks of Issue," orderedprinted July 22, 1875; article of Henry May ou "The Baak of England," March num-ber, 1885, Fortnightly Review ; "Sratistique Internationale des B tuques d'l£mission/*published by the Italian Government in 18/8; Banking Laws of Great Britain, Can-ada, and Germany; Notes by Mr. Ernest Seyd, F. S. S., on the German banking law.
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22 REPORT OF THE COMPTROLLER OF THE CURRENCY.
from £14,000,000 to over £15,000,000. The circulation of the joint-stock and private banks of issue of England is based entirely upontheir -general credit; that is to say, it is not based upon securities orbullion specially deposited or held as in the case of the Bank of Eng-land, but upon the aggregate assets of the institutions. These banksmake weekly returns of their outstanding circulation to. the Govern-ment, from which it appears that not more than one-half of the notesthey are authorized to issue are in actual circulation. The total amountof notes of the Bank of England, issued on the security of the Govern-ment debt, is at this time £15,750,000 or about $78,750,000. Thisbank, in addition, is permitted to issue notes equal in amount to thebullion or coin which is transferred to and held in the vaults of theissue department of said bank. Of the coin and bullion held, 25 percent, may consist of silver. It is to be noted, however, that very sel-dom is any circulation of the bank issued upon silver.
The Bank of England is compelled to receive from any person ten-dering it, bullion in exchange for notes at the rate oi £3,17s. and 9d. perounce of gold 11-liJ fine. Under these provisions the amount in banknotes issued varies from time to time by the receipt or withdrawal ofgold. The only tax paid by the bank against its issue of circulation isfor the privilege of issuing £15,750,000 against securities of the Govern-ment, and for this privilege and the exemption from stamp duty thebank pays to the Government an annual sum of about £li00,000.#
Bank of England notes were, by the third section of the act of Par-liament of 1833, made legal tender between all parties, except where thebank itself is one, so long, and so long only, as the bank pays them ingold coin on demand.
The act of 1844 declares that the notes of the Bank of England incirculation, including those held by the banking department, shall bedeemed to be issued on the credit of such securities (coin and bullion)so appropriated and set apart to the said issue department.
Although the act of 1844 only permits the issue of Bank of Englandnotes under the present situation of country bank issues to the amountof £15,750,000, except on a deposit of coin or bullion, during the crisisof 1857 and in 1866 this statutory provision WHS suspended and the
* The following table, taken from page 553 of appendix to report from the selectcommittee of Parliament on the banks of issue, will give some idea of the profits tothe Bank of England from its issue department:
ItECEIPTS.
Interest on securities £458, 035Profit on bullion 32, 433
490,468PAYMENTS.
Composition, in lieu of stamps 60, 000Her Majesty's exchequer 1^8,578Country bankers (lapsed issues) 18, 860Bank-note paper , 18,022Wages, pensions, rent, machinery, and general charges 147,bOOBalance of profit 107,708
490;468The average profits on bullion for the ten years, 1865 to 1874, were £14,900 per
annum.
BANK OF ENGLAND, July 27, 1875.
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bank was permitted further issue of notes in order to supply a circu-lating medium to avert financial trouble and distress, and it is believedby many that this course would be pursued again if occasion de-manded it.
From information communicated to the State Department by theminister of the United States to Great Britain, it appears that theamount of bank notes outstanding in England on December 31, 1884,was—Notes of the Bank of England . . . . £24,647,000Other joint-stock banks 1,6*23,160Private banks 1,507,216
SCOTLAND AND IRELAND.
By the act of Parliament of 1845, the privilege of issuing notes on thepart of the existing banks in Scotland and Ireland on their own accountwas continued to the amouut of their outstanding circulation. Theprivilege of additional issue is granted to these banks upon the basis ofgold coin or bullion to the nominal or par value of the notes issued, andin this respect they have the advantage of the English provincial banks.By the terms of the acts under which Knglish. Scotch, and Irish bankswere permitted to continue their issue of circulation, unsecured by adeposit of gold or bullion, the liabilities of the individual shareholdersof said banks to the general public were unlimited so far as the bank-note circulation was concerned. It seems to be the opinion of all au-thorities who have examined the subject that Scotch and Irish bankshave no securities especially held against their issues.
From information communicated to the State Department by theminister of the United States to Great Britain, it appears thar theamount of bank notes outstanding in Scotland and Ireland on Decem-ber 31, 1834:, was—Scotland £6,399,310Ireland 6,748,027
The general banking act of Canada was passed in 1871, and has sincebeen amended in many particulars. Its effect has been to bring underone uniform system of restrictions and privileges all of the charteredbanks in the Dominion, with the exception of a few banks, which, priorto the passage of the general banking act, had been working underspecial charters. Some of these banks were permitted to retain certainspecial privileges, which they held under their old charters.
Under the general banking law of Canada none but chartered banksare permitted to issue notes. The bank notes of a bank outstanding atany one time must never exceed its unimpaired paid-up capital. Monthlyreturns of the condition of each bank are made to the Government, andif these reports show excessive issues, tines are imposed as follows: $100for an excess of $20,000 or less; $1,000 for an excess between twentyand one hundred thousand dollars; $5,000 for an excess between onehundred and two hundred thousand dollars; and for an excessive issueof over $200,000 a line of $10,000 is exacted. There is, therefore, someinducement to make small over issue in stringent times, as the compara-tively light penalty might be offset by the profit, while excessive andrash overissues are restrained by penalties virtually prohibitory. No
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24 EEPORT OF THE COMPTROLLER OF THE CURRENCY
notes can be issued by the banks for less than $5, nor for any denomina-tion except $5 or some multiple thereof.
In case of insolvency, the notes are a first charge upon all the assetsof the bank. There appears to be no special security whatever. Theshareholders are, however, liable, first, for any amount not paid up ontheir subscribed stock, and, second, for a further amount equal to theirsubscribed stock. Suspension of payments in gold or Dominion notesfor ninety days constitutes insolvency. The directors may, after pay-ment of notes has been suspended six months, call on the stockholderswithout regard to assets on hand. i
No particular amount of cash reserve is required, this apparently be-ing left to the judgment and discretion of the management; but of thecash reserve kept, one half, if practicable, and never less than 40 percent., must be in Dominion notes.
The banks may have branches and offices, and notes may be issuedand made payable at any of them, but each bank must receive its ownnotes at any of its different branches or offices, although they need notredeem them in gold or Dominion notes except at the place where thenotes are payable. Banks are required to make not less than $60 ofany one payment in Dominion notes of denominations of one, two, andfour dollars, if so requestel.
The Dominion notes mentioned are notes of the Government. Thefirst idea in regard to them appears to have been to have them supplantthe use of bank notes, as the first act in regard to Dominion notes wasent tied "An act to enable banks in any part of Canada to use notesof the Dominion instead of issuing notes of their own." This act waspassed in 1808, but was radically amended in 1870. The act of 1870authorized the issue of these notes on the security of debentures of theDominion and specie held for the redemption of the notes by the re-ceiver-general. The portion of specie held was to be not less than 20per cent. The first amount authorized was $5,000,000, but this mightbe increased by order in council under certain conditions to $9,000,000,the ecurity for redemption being the same. Debentures or stock wereauthorized to be issued and delivered to the receiver general, to enablehim to keep there-quired security for the notes issued. To keep the neces-sary proportion of specie, l his officer was authorized to dispose of deben-tures. If Dominion notes in excess of the amount authorized were atany time outstanding, the receiver general was required to hold specieto the full extent of this excess in addition to the required security forthe authorized issues.
The latest act (1880) permits an increase, wheu authorized by orderof council, to a sum not exceeding $20,000,0»K). This act fixes thesecurity to be held, at 25 per cent, in specie and Dominion securitiesguaranteed by the Government in England (not less than 15 percent., however, to be in specie), and 75 per cent, in Dominion de-bentures authorized by Parliament. The whole amount outstanding*on August 31,1885, was $17,469,380.83. Of this, over $6,000,000 werein denominations of less than $5, and over $10,700,000 in denominationsof $500 and $ 1,000. The notes are issued in fractional parts of a dollar,and in denominations of $1, $2, $L, $5? $10, $20, $50, $100, $500, and$1,000.
The banks of Canada held on August 31, 1885, $6,823,000 in specieand $12,421 270 in Dominion notes, while at the same (late the receiver-general held $3,989,767 in specie as against. $17,469,380 Dominion notesoutstanding.
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ENGLISH AUSTRALASIAN COLONIES.
Banking in Australasia is carried on under the Scotch system, andthe only security for circulating notes issued consists of the generalassets of the banks. The Australasian banks, however, hold in bullionand specie a larger reserve against their liabilities, including circula-tion, than is the case in Scotland or England.
In 1840 the council of New South Wales passed an act requiring fromall banks of issue a quarterly statement. The other colonies, as theywere established, adopted the same law. An article by Nathaniel Corkrin the thirty-seventh volume of the Journal of the London StatisticalSociety for March, 1874, gives valuable information regarding bankingin Australasia and statistics compiled from the quarterly statements, fromwhich it appears that the outstanding bank-note circulation in 1872-'73of the banks of issue in the colonies of New South Wales, Queensland,New Zealand, South Australia, and Tasmania was £3,410,000. The coinreserve held was over 25 per cent, on all liab lities.
A curious fact connected with the bank-note circulation of the colo-nies, especially that of Victoria and New South Wales, is the large pro-portion of £1 notes issued, being 57.2 per cent, of the whole issue inthe former and 50.99 per cent, in the latter. It appears that the prof-its on this circulation are not large, as taxes are imposed on the noteissues in circulation in all the colonies excepting South Australia andWestern Australia. Edwin Brett, in his article on the history ot bank-ing in Australasia, read before the Bankers' Institute, London, October18, 1882, states the rate of taxation in Queensland to be 3 per cent, andin the other colonies to be 2 per cent, per annum. He also calls atten-tion to the fact that although Australasia is a land of gold, and twobranches of the royal mint are actively engaged in converting the pre-cious metals into coin, bank notes still constitute the chief circulatingmedium in all the colonies.
It appears from the June, 1885, number of the Australasian Insuranceand Banking Record, published at Melbourne, that banking in theAustralasian colonies has been much extended since 1873, but that theincrease in note circulation has been moderate compared with the generalincrease in the banking business.
A bill was introduced in the New Zealand Parliament, in 1885, pro-viding that bank notes issued in that colony should be a first chargeupon the assets, within the colony,of the issuing bank. From appear-ances, this bill is likely to become a law.
FRANCE.
Bank notes are issued only by the Bank of France, it having in 1848absorbed all previously existing issues and become the sole issuingbank in France, with branches in the principal towns. The issue ofnotes of the Bank of France is controlled by the council or directory,who are compelled to report to the Government from time to time. TheGovernment, however, does not appear to interfere with the bank is-sue, except to see that the legal powers conferred in its charter arenot violated. At times, however, the Government has guaranteed orsecured a temporary or excessive issue. The notes of the Bank ofFrance are therefore based upon the security of the general assets ofthe bank, which are at times re-enforced by a loan on the part of theGovernment of its credit.
The Paris correspondent of the London Economist of June 28, 1879yholds that there is no limitation of the circulation of the bank by its
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26 REPORT OF THE COMPTROLLER OF THE CURRENCY.
statutes. During the times that specie payments have been suspended,and when the Government has permitted the issue of unconvertible notesor forced currency, a limit is always fixed to such issue.
From information communicated to the State Department by the min-ister of the United States to France, it appears that notes of the Bankof France are legal tender, and are redeemable at sight, either in goldor silver five-franc coins, at the option of the bank (silver coins ofsmaller denominations being legal tender only to the extent of 50 francs).
On October 1, 1885, as shown by the returns of the Bank of France,the notes in circulation amounted to 2,78(3,051,930 francs, the bank hold-ing at that time cash amounting to 2,265,030,853 francs, of which1,162,987,434 francs was gold and 1,102,649,419 francs silver.
GERMANY.
On the 30th of January, 1875, the existing banking law was passed,and the Imperial or lleichsbank was established. By thisact it appearsthat the Reichsbank, so far as its issue of notes is concerned, takes, tosome extent, in Germany, the place that the Bank of Eng and occupiedupon the passage of Peel's act of 1844. JJnder the present bauking actof the German Empire, seventeen of the banks in existence on the 30thof January, 1875, were permitted to continue their issue of notes to theaggregate amount of about $27,000,000. In the apportionment of cir-culation between the lieichsbank, or Imperial Bank of Germany, andthe other banks of issue, about $62,000,000 was alloted to the ImperialBank, and to this was added certain issues of fifteen other banks whichhad forfeited their right of issue by lapse of charter, voluntary renunci-ation of the right of issue, or by decision of the Government. Underthepresent act, banks other than the Eeichsbank issuing notes in excess ofthe limit prescribed, except when protected by casli security, are com-pelled to pay an annual tax of iive per cent, on such excess. The amountof notes free of duty; that is, not incurring this five per cent, tax, isquoted every week in the German papers. The Imperial Bank ap-pears to have the right of unlimited issue under the control of theImperial Debt Commissioners, and under the present act has practicallythe control of the issuance of bank notes throughout the Empire. Thesingular provision in regard to the annual tax of five per cent, on cir-culation, issued in excess of securities deposited, is, no doubt, mteudedto permit additional issues in times of financial distress. How far thisexpedient will meet the end for which it is evidently intended, hasnever, it is believed, been practically tested. The Imperial Bank is com-pelled to hold an amount equal to at least one-third of all its issues inGerman coin, imperial legal tender notes, gold bars or foreign coin; theremaining two-thirds of its issues must be represented by discountedbills having not more than thr^e months to run.
The exclusive right of note issue of the Empire of Austria was con-ferred on the Austro-Hungarian Bank, with a charter extending fromthe 1st of July, 1878, to the 31st of December, 1887. This bank was theoutgrowth of the forced currency of the Austrian Empire, Austria hav-ing contracted liabilities to the national bank, prior to 1878, in theamount ot $40,000,000.
The notes of the Austro-Hungarian Bank are redeemable in the coinof the realm, at its two heal offices in Vieuna and Budapest, and incasenotes are not so redeemed within twenty-four hours after demand the
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bank forfeits its charter. The bank is authorized to issue $100,000,000of notes without security being deposited in trust, but is compelled tomaintain sufficient reserve to meet demands under the penalty abovestated. The bank also has the privilege of issuing additional circula-tion upon the security of gold or silver bullion, and also appears to bepermitted to issue notes against miscellaneous security. The exclusiveprivileges granted the bank seem to be compensated for by its relations tothe Empire. It is compelled at all times to buy the mint pound of silver,coin or bullion, with 45 florins in bank notes, and forward this bullionfor coinage. It must also furnish notes of such denominations as aredesired by the public in exchange for other denominations of its issue.It is compelled to accept the Government issues of currency as money,these issues forming a debt of the country similar to our legal-tendernotes. The bank, however, has the right to issue its own notes on thesecurity of the Government currency, the same as on coin or bullion.The circulation of Austria consists of a trifle less than one-half of notesof the Austro-Hungarian Bank and the balance in notes issued by theGovernment.
BELGIUM.
The issue of bank notes is confined to the National Bank, which hasa charter for th.rty years from January 1, 1873. While the Govern-ment reserves the right to extend the privilege of issue to other banks,and while theoretically bank notes may be issued by any individual,firm, or company (except a corporation of limited liability), the notesof the National Bank are legal tender to the Government, which con-trols its issues and business, and on account of this feature the bankreally has the monopoly of issuing bank notes. The security to thenoteholders rests principally upon the Government supervision of thebank, the investment of a certain portion of its capital and reserve inGovernment funds, and its being compelled under the act to hold coinor bullion to one-third of its total liabilities to the public (deposits andnotes outstanding).
This reserve may, however, under the authority of the Government,be reduced to 2r> per cent, of its liabilities. There appears to be nolimit to the issue of circulation.
NETIMRLANDS.
The Nederlandsche National Bank enjoys the monopoly of issuing banknotes in the Netherlands. This bank was founded in 1814. Its presentcharter dates from 1864, for a period of twenty-five years. The bankissues two classes of notes, one class amounting to about $4,000,000,covered by the Government debt. This issue is called state notes.Bank notes of the National Bank proper are issued without any fixedmaximum limit. The bank, however, is compelled to carry at least 40per cent, of gold coin or bullion against the aggregate liabilities to thepublic for deposits on call and bank notes.
DENMARK.
The Bank of Copenhagen has the exclusive privilege of issuing banknotes in Denmark. They may be issued apparently without limit, andrest upon the security of the general assets of the bank. Against the
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first $8,000,000 of notes issued, the bank must hold good and easily con-vertible assets to the amount of 50 per cent, of their issue. For anyexcess over the $8,000,00.) the bank must hold a metallic reserve con-sisting of legal tender, coin, gold bullion, and foreign coin, and may holdsilver bullion and silver foreign coin not exceeding one-third of the wholereserve. The metallic reserve is not permitted under the act in any caseto fall below three eighths of the whole circulation. From informationobtained through the Department of State, the bank notes outstandingin Denmaik on December 31, 1884, amounted to 73,000,000 crowns, orabout $19,500,000.
NORWAY.
The Bank of Norway (Norgesbank), whose charter dates from 1816, hasthe exclusive privilege of note issue in Norway. This charter may beannulled by actof the Storthing, confirmed by theKing. Modifications ofcharter have taken place from time to time. The bank has the privi-lege of issuing unsecured notes in proportion to its capital. It is per-mitted to issue two and-a-half times its original capital, and also issuestwice the amount of an increase of capital made in 1818, and one-and-a-half times its increased capital of 1842 and 1863. It also issues 150per cent, of notes against its surplus fund, and a further amouut^of notesequal to its gold ou hand. The proportion of secured to unsecured notesis about fifteen to ten The notes of the Bank of Norway are redeemablein gold and are a full legal tender. In consideration of the privilegeof issue the Government participates in the profits, and the bank ap-pears to be practically an institution of the State, and the shareholdershave no voice in its management. The Govennent does not guaranteethe issue, although it would no doubt protect it, on account of its rela-tions to the bank. Theoretically the notes are secured by the reserveof coin and bullion, the capital, reserve fund, and assets of the bank.From information obtained through the Department of State the banknotes outstanding ou December 31,1884, amounted to 38,983,500 crowns,or over $10,000,000.
SWEDEN. •
The Riksbank, or Bank of Sweden, was founded in 1656, and Mr. Pal-grave, in his Journal of the Statistical Society, March, 1873, page 117,claims for Sweden the invention of the bank notfe, the Riksbank beingfounded, as it will be seen, forty .years prior to the Bank of England.
The Bank of Sweden has a circulation of about $10,000,000, whichis unsecured, except that the bank is compelled to keep a certain re-serve as security to the note-holder. The matter of reserve appears tobe well provided for, as its reserve of gold or silver coin or bullion mustat no time be less than about $4,100,000, and such gold and silver as isdeposited abroad or such cash as it has at call with foreign banks andcompanies is also held against its circulation This regulation hasbeen at times suspended, in something the same manner as the Peelact of 1844 has been in England. For more than six months in 1869the reserve was below the minimum required by law, and in 1873 theissue of notes exceeded the prescribed limits. There are other banksof issue in Sweden, known as Enskilda banks, whose organizationappears to be in the nature of a private partnership, the liabilities,however, being somewhat limited. They issue circulation under certain
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regulations and restrictions, being compelled before issuing notes to de-posit in a place of public safety 25 per cent, of their capital which hasunlimited liability (the partners and shareholders in these banks beingdivided into unlimited and limited liability shareholders). No notescan be issued against the limited capital until 75 per cent, of suchcapital is deposited. In addition to the notes issued upon these de-posits, bank notes may be issued on coin and notes in hand, gold andsilver bullion, upon such balance as the Enskilda Bank may have withthe liiksbank or Bank of Sweden, and also upon approved securities.This class of bank notes must not exceed 50 per cent, of the entire capital.The regulations for issue of bank notes in Sweden appear to have beencarefully considered. Upon a bank meeting with ioss which impairs itscapital 10 per cent, and reduces its reserve, the association is compelledto liquidate.
EUSSIA.
Bank notes are issued in Eussia exclusively by the Imperial Bank,which was chartered in 1800 with a capital of about $ 12,000,000. By itscharter it has the exclusive issue of bank notes in Russia for twenty-eightyears. The Imperial Bank seems to have no limit to its issue of cir-culation. The increase of its circulation, however, is usually made in re-sponse to the requirements of the Government whenever an exigencyor a deficit in the annual revenue occurs. The bank appears to furnisha paper circulating medium to the Government in addition to theamount previously issued, which, finding its way into the channels oftrade, produces inflation. In 1873 the bank had outstanding upwardsof $600,000,000 of bank notes, against which it held as specie reserveonly about $43,000,000. On November 1, 1879, it is estimated the cir-culation was upwards of $900,000,000. This circulating medium wasthen worth in gold about 60 per cent, of its face or nominal value.
SWITZERLAND.
Notes are issued in Switzerland by banks of two classes—Cantonaland joint-stock banks. (See London Bankers' Magazine, December,1878.) The issues are unlimited. In 1879 the entire issue of thirty-livebanks was about $20,000,000. Notes are received between banks, andbusiness interchanged under an agreement, the interchange being car-ried on in something like the manner that business of a clearing houseis conducted. In some states of Switzerland banking appears to befree from restriction in regard to the issue of bank notes, which aresubject to a tax of J per cent, per annum. Note holders of the banks ofSwitzerland have no preference over other creditors. The present issueof bank notes, as appears from information furnished to the Departmentof State, was over $25,000,000 on December 31, 1884.
In order to eliminate from the circulating medium of the country thelarge amount of illegal and badly-secured issues of bank notes whichthen existed, the law of April 30, 1871, was passed, after an elaborateexamination into methods of other countries in dealing with the samesubject. This act limited the emission of bank notes to six associatedbanks, which were required to issue$200,000,000 of notes to the Govern-ment of Italy, the Government paying interest on the amount of notes
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so loaned, and the banks being liable for their payment ratably to theircapital. This issue of notes was for the purpose of taking up certainGovernment loans, and each of the associated banks was permitted inaddition, tor its own use, to put out a certain amount of circulation whichmight be regulated by the Government to 40 per cent, of the capital ofthe bank. The associated circulation is practically the debt of the Gov-ernment, as Government securities equal in amount thereto were issuedto and held as security by the associated banks for the loan of this cir-culation to the Government. The notes issued by the banks in theirindividual capacity are redeemable in coin or in the association notes.Banks are compelled to report to the Government full particulars in re-gard to their issues.
SPAIN.
Bank notes are issued in Spain only by the Bank of Spain, with the headoffice at Madrid, which has between twenty five and thirty branches. Thebank is permitted to issue notes to three times its capital, which areissued entirely on its credit. The bank is required to keep a reserve of33 percent, of its note issue in coin or bullion. The notes, theoretically,are payable in gold on demand, but a considerable proportion of its issueappears to be simply promises to upay to bearer," the words "on de-maud" or "presentation" having been left out. and no statement ismade as to whether or not the note is payable in gold or silver. Thebank does not readily redeem its notes. They have been at a discountin Madrid and the circulation is somewhat limited.
PORTUGAL.
Bank notes are issued in Portugal by the Bank of Portugal, and cir-culate principally in Lisbon and Oporto. There are other banks ofissue also in those cities, as well as in several of the smaller towns,whose circulation is not so generally current in business transactions.The Bank of Portugal has peculiar privileges, and contends that otherbanks have no right to issue circulation. The charter of this bank ex-pired in 1876, and it exists only under a provisional renewal. Its notesare payable in gold on demand, with the except iou of a small portionwhich are payable in silver and copper. These last circulate in Lisbononly, where copper is legal tender to one-third of all payments. TheEnglish sovereign is legal tender in Portugal. Note-holders of theBank of Portugal are not better secured than the other creditors of thebank. The bank notes outstanding in Portugal on December 31, 1884,as reported to the Department of State, was $0,303,000.
Bank notes are issued in Japan by banks organized under a nationalbank act similar in terms to that of the United States. The first regu-lations of this act were issued in 1872, and were revised and amendedin September, L876. There were, ou June 30, 188J, 148 national banksin operation in Japan, with 110 branches. These banks had at thatdate outstanding circulating notes to the amount of 34,358,808 yen.*There is also one so-called specie bank at Yokohama. This bank hasthe privilege of issuing "silver notes" to the extent of a million and a
* The silver yen is valued at 86.9 cents.
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half yen. It apparently had outstanding in 1882, notes to the amountof 294,520 yen. The notes issued by the national banks are secured bya deposit of Government bonds, and the banks are under the supervisionof the Banking Bureau of the Imperial Finance Department of Japan.The operation of the national bank act appears to have been of serviceto the country, and the notes issued by the banks circulate freelythroughout the Empire.
On the 27th of June, 1882, the Government of Japan established an in-stitution to be known as the Bank of Japan, with a charter limited to30 years, and a capital limit of 10,000,000 yen, business to be confined tonon-hazardous transactions, and the bank required to transact suchGovernment financial business as it shall be directed to perform. Theissue of bank notes is prohibited for a time. The organization of thisbank is similar to that of the Belgium State Bank. Its president isappointed directly by the Emperor, the Government subscribing forone half of its capital. It is evident that the intention is that this bankshall at some tim-e in the future issue circulation under the directionof the Government.
AMOUNT OF INTEREST-BEARING FUNDED DEBT IN THE UNITED STATESAND THE AMOUNT HELD BY NATIONAL BANKS.
The public debt reached its maximum on August 31,1865, at whichtime it amounted to $2,845,907,62(3. More than twelve hundred andseventy-five millions of this debt were in temporary obligations of theGovernment, of which eight hundred and thirty millions bore interestat 7.30 per cent, per annum. The average rate of interest on seven-teen hundred and twenty-five millions of the debt at that date was6.02 per cent. This large amount of temporary obligations wasfunded within the three years which followed the close of the war,chiefly into six per cent, bonds. The six per cent, bonds were grad-ually reduced during the year 1869 and the seven years following, bypayment and refunding into five per cents. The six per cents, togetherwith the five per cents, were subsequently rapidly replaced by four andone-half and four per cent, bonds, which were authorized to be issuedby the act of July 14, 1870. In the year 1881 all of the unredeemedfive and six per cent, bonds, amounting to $579,560,050, were contin-ued payable at the pleasure of the Government, with interest at 3J percent., by agreement with the holders. The act of July 12, 1882, au-thorized the refunding of the three and one-halts into three per cents.;and since its passage all of these bonds have been converted into threeper cents. No call has been made by the Secretary during the yearending November 1 for the payment of any portion of the threes, andthe amount of each class of bonds making up the entire interest-bear-ing funded debt has but slightly changed during the past year. OnJune 30, 1885, the total registered bonds of the United States amountedto $1,071,460,262, of which sum $11,927,900 only was held in ioreigncountries.
The report for 1879 and subsequent reports contain tables exhibitingthe classification of the miniatured interest-bearing bonded debt of theUnited States and of the bonds held by the national banks for a seriesof years, and also tables showing the amount estimated to be held bysavings banks, trust companies, etc.
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32 REPORT OF THE COMPTROLLER OF THE CURRENCY.
f The following table is again presented, and exhibits the amount ofthe outstanding bonds of the Government, which represent the unma-tured interest-bearing bonded debt of the United States and the classi-fication of the same on the dates named:
Date.
Aug.JulyJulyJulyJulyJulyJulyJulyJulyJulyJulyJulyJulyJulyJulyJulyJuly
1865186618t>718681869187018711872187318741875187618771878187918801881
Ju ly 1, 1882 .Ju ly 1, 1883 .July 1, 1884 .J u l y 1, 1885 .Nov. 1, 1885 .
Six per cent. Five per cent. Four and a halfbonds. bonds. percent, bonds.
$908,518,091 I1, 008, 3H8, 469 ;1,421, 110,719 j1,841,521,800 I1,886,341,3001,764,932,3001,613,81)7,3001, 374, X83, 8'.01,281, 2:**, 650
,213,6-24.7001, 100, 865, 550
984, 999, 650854.621,85073*, 619, 000310, 932, 5<K)235, 7h0, 400196, 378, 600
Continued at3J per cent
58, 957,150
$199, 792,100198, 528, 435198, 5:J3, 435221.588,400221, 5S9, 300221,589,300274. 236, 450414, 567, 300414, 567, 300510, 62*, 050607, 132, 750711, 6*5, 800703, 2K6, 650703, 266, 650646, 905, 5( 10484, 864, 900439, 841, 350
Continued at34 per cent.401, 593, 900
3J, 082, 6003 per c«nts.304, 204, 35022"4, 612, 150194, 190, 500194, 190, 500
$140, 000. 000240, 000, 000250, 000, 000250, 0()0, 000250, 000, 000
250, 000, 000
250, 000, 000
250, 000, 000250, 000, 000250, 000, 000
Four per cent,bonds.
$98, 850, 000679, 878, 110739, 347, 800739, 347, 800
739, 349, 350
737, 942, 200
737, 661, 700737,719,850737, 740, 350
Total.
$1,108, 310,1911,206.916,9041, 619, 644,1542,063, 110,2002, 107,9.0,6001,986,521,6001^88,1:^,7501,780,451, 1001,695, H05, 9-"iO1,724,252,7501,707,998,3001, 696, 68"i, 4501, 696, 888, 5001, 78o, 735, 6501,887,716, 1101, 709, 993, 1001,625,567,750
1,449,810,400
1,324,229,150
1,212,273,8501,181,910,3501, 181, 930, 850
Pacific sixes amounting to $64,623,512, the Navy pension fund, amounting to $14,000,000 in 3 per;ents, the interest upon which is applied to the payment of naval pensions exclusively, and $223,800 ofrefunding certificates, are not included in the table.
SECURITY FOR CIRCULATING NOTES.
The operations of the Treasury Department for a series of years havelargely reduced the amount of interest receivable by the national bankson the bonds owned by them and deposited in trust with the Treasurerof the United states to secure their circulation, owing to the paymentof a portion of the public debt and the many changes made in theclasses of United States bonds by refunding or extension of the differentissues of five and six per cent, bonds to bear interest at 4£, 4, 3J, and3 per cent. Eighteen year.-: ago the banks had. on deposit, as securityfor circulation, $327,000,000 in United States bonds, of which amount$241,000,000 bore interest at 0 per cent, and $S<j,000,000 at .5 per cent.;and on July 1, 1882, they held $227,000,000 of three and one-half percent bonds. The Hva and six per cent bonds disappeared in the year1881 from the list of these securities with the exception of $3,500,000 ofPacific sixes, and since that year the three and one-half per cents haveentirely disappeared. On November 1, 1885, more than 45 per cent, ofthe amount pledged for circulation consisted of bonds bearing interestat 3 per cent only, and the remainder, with the exception of $3,505,000of Pacitics, bear interest at the rate of four and tour and one half percent. The average rate of interest now paid by the United States onthe bonds deposited as security for circulating notes is a little more thau3.6 per cent, upon their par value.
The amount and classes of United States bonds owned by the banks,including those pledged as security for circulation and for public de-
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 33
posits on the 1st day of July in each year since 1865, and upon Novem-ber 1 of the present year, is exhibited in the following table:
United States bonds held as security for circulation.
Date.
July 1,1865..July 1,18(56.July 1, ]867..July 1,1868.July 1,1869 .July 1,1870.July 1,1871.July 1,1872July 1,1873.July 1,1874..July 1,1875.July 1,1876July 1,1877.July 1,1878.July 1,1879.July 1,1880.July 1,1881.
July 1,1882.
July 1,1883.
July 1,1884.
July 1,1885.2STov. 1,1885.
6 per cent,bonds.
5 per cent,bonds.
4J per cent,bonds.
'$170,382,50024 L, 083, f>00251,430.400250, 726, 950,255, 190, 350̂247, 355, 350220, 4D7, 750173, 251, 45016u, 923, 500154, 37(i, 700
$65, 576, 600!.80, 226, 850!.89,177, 100 .90, 76*, 950 .87, 601,250 .94. 023, 2U0!.
139 387,800!.207, 189, 2.'sol.229, 487, 050!.2>. 6, 800, 500'.
l:<6, 955, 100109, 313, 45087, 6!)0, 30082,421,20056. 042, 8005*, 056, 15061,901,800
Continuedat .'{£ percent . :
25, 142, 600
385, 700 <
Pacifies.3. 520, 0003, 505, 000
239, 359, 400:232,081,300]206,6 1,050199, 514, 550144, 616, 300139, 758, 650172, 348, 350Cont inued
jit 3£ percent . :
202, 487, 6507, 402, 800
3 per cents2<H). 877, 85(1172,412,550
142, 240, 850138, 920, 650
$44, 372, 25048, 448. 65il35, 056, 551]37, 760, 95032, 600, 500
32, 752, 650
> 39,408, 500
46, 546, 400
48, 483, 05049, 547, 251)
4 per cent.bon<nds.
Total.
UnitedStates
bonds heldlor otherpurposesat nearest
date.
Grandtotal.
$235, 959,100 $155,327,340,34!,342,342,
$19,118,126,93,
162,5'.irs076,637,
380,390,39',376,341,
! 338,000 349,950 354,300 361,700 360,
310,350607, 500495, 900851,600278, 550!885, 550;440, 700!410,550171,200;314,500394, 7507K,600!
546, 400254, 600652, 050488, 400
97,429,800 357,812,700
104, 954, 650 353, 029, 500
111, 690, 900| 330, 649, 850
117,901,30o' 312, 145,200116,391,650 308,364,550
785, 750 $391, 744, 850152, 950 448, 4(i3, 300002,650 424,610,150922,500 422,418,400102 000 397,953,600980, <J00 a 86. 25H, 150450, 800 3!i9, 336, 35086tt, 200 412, 3u8, 900724,400 416, 134, 150347, 100 416,518,300900,200 403,214,700170, 3()0 386, 565. 050315,050 3*6,028,650850,900 418,397,300603, 520 430, 858, 120831,300 404,483,350849,950 424,338,350
43,122, 550 400, 935, 250
34,094,150 387,123,650
31, 203, 000 361, 852, 850
32,195,800 344,341,00031, 780, 100 340,144, 650
The following table shows the authorizing act for each class of bondsheld by the Treasurer as security for the circulating notes of the nationalbanks on the 1st day of Kovember, 1885:
Class of bonds.
Funded loan of 1891Funded 1 an of 1907Funded loan of July 12,1882Pacific R dlway bonds
Total .
Authorizing act.Rate ofinterest.
July 14,1870, and January 20,1871do do [
July 12, 1882July 1, 1862, and July 2,1864 |
Per cent.
436
Amount.
308, 364, 550
The profits on national bank circulation based on 4 and 4J per cent,bonds are very small, after paying the annual tax of 1 per cent. At-tention is particularly called to carefully prepared tables by Mr. E. B.Elliott, Government Actuary, which appear in the Appendix on page125, in relation to the average price of the 4 and 4J per cent. UnitedStates securities for the year ending September 30, 1885, and computa-tions based thereon showing the annual profit on circulation during thesame period.
5745 CUR 3
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34 REPORT OF THE COMPTROLLER OF THE CURRENCY.
COMPARATIVE STATEMENTS OF THE NATIONAL BANKS FOR ELEVENYEARS.
The following table exhibits the resources and liabilities of the na-tional banks for eleven years, at nearly corresponding dates, from 1875to 1885, inclusive:
RESOURCES.
LoansBonds for circulat'nOther U.S. bonds...Stocks, bonds, &c...Due from banksReal estateSpecieLegal-tender notes .Nat'1-bank notes . . .C. H. exchangesU S. cert, of depositDue from TL S. TreasOther resources
Totals.
LIABILITIES.
Capital stockSurplus fundUndivided profits ...CirculationDue to depositors . . .Due to banksOther liabilities
Totals.
Oct. 1,1875.
2,087banks.
Millions.984.7370.328.133.5
144.742.48.1
76.518.587.948.819.619. 1
1, 882. i>
504.8134.453.0
319.1679.4179.711.8
Oct. 2,1876.
2,089banks.
Millions.931.3337.247.834 4
146.943.121.484.215.9
100. 029.216.719.1
Oct. 1, Oct. 1, ! Oct. 2,1877. 1878. | 1879.
2, 080 I 2, 053 | 2, 048banks, banks, banks.
Millions.891. 9
45! 034.5
129.945.222.766.915.674.533. 416.028.7
Millions Millions.834. 0 878. 5347. 6 357. 3
94.7136.9
499.8132. 246.4
292. 2666. 21179. 8|10.6;
479.5122.844.5
291. 9630.4161.610.4
5 1,
71.2. 39. 7
138. 9; 167. 346. 7j 47. 8
42.269.216.7
113. 026.817.022.1
46. 730.764.416.982.432.716.524.9
I, 827. 21 , 741.1 1, 767. 3 1, 868. 8 2,105. 8 2, 358. 4 2, 399. 8 2, 372. 7 2, 279. 5 2, 432. 9
466.2116.944.9
30i. 9668.4165.1
7.9
454.114.41.3
313.8736.201. 2
6.7
Oct. 1,1880.
2,090banks.
0 1.Millions.,041.
357.843. ,648.9
213.548.0
109. 356.618.2
121.17.7
17.123.0
Oct. 1,1881.
2,132banks.
Oct. 3,1882.
2,269banks.
Oct. 2,1883.
2,501banks
Millions:Millions. Million,., 173. 8 1, 243. 2 1, 309. S!
363. 3; 357. 6i 351. 437.466.2
198. 9!46. 5|
102. 9!63.220.7
208.48.7
17.228.9
2 1 .
457. 6 463. 8120. 5 128.146.1 56. 4
317.3' 320.2887. 9 1, 083.1267.9, 294.9
8. 5 11. 9
, 882. 2 1, 827. 2.1, 741.1], 767. 3 1, 868. 8 2,105. 8 2, 358. 4 2, 399. 8 2, 372. 7 2, 279. 5 2,432. 9
483.1132. 061.2
315. 0
30.771.1
208.948.3
107.70.722.796.410.016.628.9
Millions. Millions., 245. 3 1, 306.1327.4 307.730.4;71.4
194.249.9
128.6
509.7142. 0
61. 6310.5
1, 134. 9 1, 063. 6259. 9 270. 4
13.7 14.9
Sep. 30,1884.
2,664banks.
Oct. 1,1885.
2,714banks.
31.877.5
235.351.3
77.023. 3166.314.217.733.8
69.723.184.918.814.936.9
524.3147.0
63.2289.899.?.246.4
15.8
0 1
527.5146.659.4
269.0., 120.1
299.510.8
The different items of resources and liabilities in the preceding tableindicate that the business of the national banks during the past sevenyears has generally increased, having been larger during the past yearthan at any period since the organization of the national banking sys-tem. The items of United States bonds and circulation have decreased.It also appears from the table that the aggregate liabilities of the na-tional banks to depositors and correspondents, which were reducedduring the previous year upwards of 94 millions, have increased duringthe present year more than 180 millions.
The table also shows that during the same period the national banksincreased their cash resources by about 46 millious of specie, and de-creased the same by about 2£ millions of legal tenders and UnitedStates certificates of deposit for same.
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 35
The following table is an abstract of the resources and liabilities ofthe national banks at the close of business on the 1st day of October,1885, the condition of the New York City, Boston, Philadelphia, Balti-more, and other reserve city banks being tabulated separately from theother banks of the country:
j New York! City.
44 banks.
RESOURCES.
Loans and discountsOverdraftsBond.s for circulation ...Bonds for depositUnited States bonds on handOther stocks and bondsDae from reserve agentsDue, from other national banksDue from other banks and bankers..Real estate, furniture, and fixtures..Current expensesPremiumsChecks and other cash itemsClearing-house, loan certificatesExchanges for clearing-houseBills of other national banksFractional currencyTrade dollars -~Specie. -,Legal-tender notesUnited States certificates of depositFive per cent, redemption fundDue from United States Treasurer ..
Boston, |Philadel-phia, and
Baltimore. I
105 banks .
$236, 823, 598 $218, 424,66,
12, 566,820,
4, 265,14, 242,
Other re-serve
cities.*
98 banks.
1,314i, 5001,000>, 800!, 734
Total.
LIABILITIES.
Capital stockSurplus fundUndivided profitsNational-bank notes outstanding . -.State-hank notes outstandingDividends unpaidIndividual depositsUnited States depositsDeposits of United States disbursing
officersDue to national banksDue to other banks and bankersNotes and bills rediseountedBills payable -
18, 846,2, 759,
10, 177,787,986,
2, 597,1, 110,
55, 453,1, 597,
35,194,
91. 454,16, 785,6, 920,
547,210,
479, 249,186
45,
250,
105,34,
350, 000176, 008487,171917, 442
31, 193232, 849494, 555420,181
47,163687, 96319!), 239205, 420
, 27l!$151, 435, 43861, 902 322. SK3!
40, 009, 950675, 000419, 500
8, 097, 29323,110, 45817, 059, 3221, 617, 53716, 571,017|
712,3081,185, 1011,428, 308
19, 718,1953, 028, 40(5
42, 799338, 744
22, 364, 2819, 219, 2128, 805, 0001, 799, 737
157, 090
384,845,431
80, 938, 51023, 954, 854
5, 98:t, 16734, 270, 975
20, 8021, 208, 854
176, 043, 047454, 734
18,18847, 853, 72814, 095, 822
2,750
Total 479,249,186 384,845,431 281,827,0631,286,991,322 2,432,913,002
322, 58324, 070, 7004, 788, 0002, 510, 2007, 013, 425
19, 292, 15111, 586, 3244,185, 5924, 846, 052
866, 7991, 233, 681
658,1351
Countrybanks .
2,467 banks .
$694, 471, 9974, 537, 888
231,009,90011,174, 0007,133, 900
48,141, 77895, 975, 90631, 475, 3419, 425, 641
29, 699, 2334, 486, 8549,106, 2459, 663, 915
Aggregate.
2,714 banks .
$1,
8, 265, 0492, 954, 676
60, 59333, 717
19, 586, 78814, 357, 3512, 575, 0001, 076, 774
108, 035
54, 951, 50013,415,5134, 859, 819
20, 986, 640
1, 489, 71015, 481, 765
337, 8401, 038, 519
41, 467, 33529, 375, 936
500, 00010.173, 742
823, 877
281, 827, 063 1, 286, 991, 322
301,155, 3044, 988, 687
307, 657, 05017,457,00014,329,40077, 495, 230
138,378,51578, 967, 69817, 987, 89251, 293, 801
6, 853, 39312,511,33314,347,579
3, 110,00084, 926, 73123, 062, 765
477, 055], 605, 764
174, 872, 57269, 738,11918, 800, 00013, 597, 3531, 299, 761
246, 253126, 049, 008
3, 435, 999 j
689, 64733, 823, 08422, 206, 594
460, 006|723, 000
346, 284, 40087, 078, 26738, 025, 362
203, 694, 54084, 901
1, 820, 370549, 785, 840
7, 241, 708
1, 959, 40126,170, 13015, 613, 406
7, 767, 3671, 465. 630
2, 432, 913, 002
527, 524, 410146, 624, 64259, 335, 519
268, 869, 597136, 898
3, 508, 3261,102, 372, 450
11,552,622
2, 714, 399213, 534, 90586,115,0618, 432, 7932,191, 380
""The reserve cities, in addition to New York, Boston, Philadelphia, and Baltimore, are Albany,Pittsburgh, Washington, New Orleans, Louisville, Cincinnati, Cleveland. Chicago, Detroit, MilwaukeeSaint Louis, and San Francisco.
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36 REPORT OF THE COMPTROLLER OF THJ* CURRENCY
The following table exhibits, in the order of their capital, the twenty-five States (exclusive of reserve cities), having the largest amount ofcapita], together with the amount of circulation, loans and discounts,and individual deposits of each on October 1, 1885:
States.
- Massachusetts ...New YorkPennsylvaniaConnecticutOhioRhode Island....IlliuoisiNevv JerseyIndianaMinnesotaMsuneMichiganIowa.KentuckyVermontTexasN<w Hampshire .NebraskaTennesseeKansasWisconsinVirginiaMissouriMarylandGeorgia
Capital.
$45, 095, 65034,819,70032, 665, 34024,921,82021,909,58020. 840, (/5013, 673, 60012, 208, L'OO12, 189.50011,390 00010, 360, 00010, 194,60010, 15>, 000
9, 648, 9007,541,0006, 880, 0006, 105, 0005, 949, 2;")05, 007, 5004, 995, 7203, 785, 0003, 576, 3003,311,0002, 716, 7002, 472, 345
Circulation.
$34, 200, 53423, 989, 59123, 401, 46U15.932.6U013, 474,57912, 056, 1776, 154,5258, 007, 4066,734,1501, 884, 5767, 683, 0793,479,7153,^3,8585,714,7705,355,9131, 739, 2505,149, 0451, 774. 3302,114,0101, 435, 7051, 51.7. 0782, 007, 5001,251,6482,143,7021, 570, 900
Loans anddiscounts.
$86, 090, 36783, 654, 25665, 259, 48640, 501, 27940, 660,91730, 974, 84630, 636, 48429, 343, 068"23, 210, 59228, 076, 75816, 577, 50621, 321, 90821,02H,36014. 770, 26510, 54:*, 08313, 087. 251
8, 333! 61715, 217, 75411, 468, 98010, 610, 954
9, 570, 7279, 420, 8317,217,6655, 695, 5125, 282, 217
Individualdeposits.
$51, 715, 36777, 834, 3716 L, 821,73524, 482, 78131,594,78413,096,23227, 693, 72032,501,42219,845,31719, 651, 29610, 095,49518, 575, 06117, 053, 7758, 233, 9315, 154, 3089,183,8725,425,196
11,816,7077, 783, 995
10, 089, 96710 132,3968, 376, 6635, 972, 2425, 744,1993, 335, 352
REDEMPTION.
Since the passage of the act of June 20, 1874, section 3 of whichrequires the banks at all times to keep on deposit in the Treasury 5 percent, of their circulation as a redemption fund, tiiat fund, as a rule,has been maintained, and circulating notes of the banks have beenpromptly redeemed at the Treasury without expense to the Government.
From the passage of the act of June 20, 1874, to November 1,1885, there was received at the redemption agency of the Treasury$1,594,305,738 of national bank currency for redemption. During theyear the receipts amounted to$l 15,880,327,of which amount$60,974,000,or nearly 40 per cent., was received from the bai.ks in the city of NewYork, and $29,762,000, or upwards of 20 per cent., from the banks inthe city of Boston. The amount received from Philadelphia was$7,446,000, from Chicago $3,943,000, from Cincinnati $2,154,000, fromSaint Louis $1,668,000, from Baltimore $3,797,000, from Providence$2,470,000, from New Orleans, $2,514,000, and from Pittsburgh $576,000.
The following table* exhibits the amount of national-bank notes re-ceived monthly for redemption by the Comptroller of the Currencyduring the year ending1 October 31, 1885, and the amount received dur-ing the same period at the redemption agency of the Treasury, to-gether with the total amount received since the passage of the act ofJune 20, 1874:
* Notes of gold banks are not included in the table.
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 37
Months.
Received by the Comptroller of the Currency.
1884.NovemberDecember
1885.JanuaryFebruaryMarch ...AprilMayJuneJulyAugustSeptemberOctober
Total '.Received from June 20,
1874, to October 31,1884
Grand total
From na-tional banksfor reissueor surren-
der.
$65, 04077, 500
83, 04011,75045, 000
7, 44026, 900
130, 25010
8,C9060
22, 060
477,140
15,042,450
15, 519, 590
From re-demptionagency
for reissue.
$5, 279, 8005, 535, 800
6, 531, 0007, 343, 6006, 413, 3006,221,4006,591, 1008.558.600 j6, 482, 5004, 848, 9004, 140,9003, 675, 930
71, 622, 830
622, 042, 055 140, 342, 018
Act ofJune 20,
1874.
Notes of na-jtional banks!in liqnida- I
tion.Total.
$2,002,1951,971,575 |
2,266,1402, 072, 5331, 724, 7951, 472, 4801, 527, 4 JO
256, 6001, 660, 415
813, 500827,510
1,981, 120
18,576,283 | 8,949,180
$660, 785 $8, 007, 820644,639 | 8,229,514
798,262 ! 9,678,442784,537 I 10,212,420785, 580 8, 968, 675819, 729 8, 521, 049998,910 9,144,330107, 870 9, 053, 320
1,259,814 9,402,739807,184 6,477,674799 076 5, 767, 546482, 794 6, 161, 904
603,664,885 158,918,301
Received atredemption
agency.
33, 354, 329 810, 780, 852
42, 303, 509 910, 406, 285
$11, 471, 64412, 240, 921
17, 8P2, 88710, 972, 09610. 195, 58612,549,02614,1F9. 98316; 652, 30212,131,083
9, 8a3, 8437, 588, 980
10,111,976
99,625,433 | 145,880,327
1/448, 485,\411
__; \1, 594, 365, 768
The amount of notes fit for circulation returned by the redemptionagency to the banks of issue during the year was $46,402,730, being anincrease over last year of $13,322,430.
The total amount received by the Comptroller of the Currency for de-struction, from the agency and from the banks direct, was $72,099,970.Of this amount, $4,953,400 were the issues of banks in the city of NewYork, $9,557,000 of banks in Boston, $3,018,300 of Philadelphia,$3,403,000 of Providence, $1,812,600 of Baltimore, $1,818,000 of Pitts-burgh, $1,033,700 of Cincinnati, $591,500 of Louisville, $415,000 ofAlbany, $428,700 of New Orleans, and of each of the other principalcities less than $300,000.
The following table exhibits the number and amounts of national-banknotes of each denomination which have been issued and redeemedsince the organization of the system, and the number and amount out-standing on November 1, 1885*:
Number. Amount.Denominations. | —
Issued. Redeemed.
OnesTwosFivesTensTwentiesFiftiesOne hundredsFive hundredsOne thousandsPortion of notes lost
or destroyed
23,167,6777, 747, 519
93, 208. 40039, 804, 00112,318,1731, 75*, 5331, 287, 686
23, 9247, 369
179, 323, 282
Outstanding. j Issued. I Redeemed.
22,731,9637. 628 877
76, 817, 06629, 382, *72
8, 563, 7971,345,762 I
971, 92222, 7277,238
435, 714118, 642"
16,391,33410.421, 1293, 754, 376412,771315, 7641,197131
$23,167, 67715,495,038
4fi6, 042, 000398,040,010246, 363, 46087, 92(5, 650
128, 768, 60011, 962, 0007, 369, 000
147, 472, 224 31,851,058 1,385,134,435
$22, 731, 96315, 257, 754
384, 085, 330293, 828, 720171, 275, 94067,288,10097,192, 20011,363,5007, 238, 000
-21,890
1, 070, 239, 617
Outstanding.
$435, 714237, 284
81,956,670104,211,290
75, 087, 52020, 63K, 55031, 576, 400
598, 500
131, 000
+21,890
314, 894, 818
A table showing the number and denomination of national-bank notesissued and redeemed, and th *, number of each denomination outstand-ing on November 1, for the last thirteen years, will be found in theAppendix.
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38 EEPORT OF THE COMPTROLLER OF THE CURRENCY.
following table exhibits the amount of national-bank notes received at this office and destroyed yearly since the establishment of thesystem:Prior to November 1, 1865 $175,490 00During the year ending—
Oct. 31,* 1866 1,050,382 00Oct. 31, 1867 3.401,423 00
i Oct. 31. 186$ 4,602,825 00Oct. 3li 1869 8,603,729 00Oct. 31, 1870 14,305,689 00Oct. 31, 1871 24,344,047 00.Oct. 31, 1872 30,211,720 00Oct. 31, 1873 36,433,171 00Oct. 31, 1874 49,939,741 00Oct. 31, 1875 137,697,696 00Oct. 31, 1876 98,672,716 00Oct. 31, 1877 76,918,963 00Oct. 31, 1878 57,381.249 00Oct. 31, 1879 41,101,830 00Oct. 31, 1880 35,539,660 00Oct. 31, 1881 54,941,130 00Oct. 31, 1882. 74,917,611 50Oct. 31, 1883 82,913,766 00O,ct. 31, 1884 93,178,418 00Oct. 31, 1885 91,048,723 00
Additional amount of notes of insolvent and liquidating jiationalbanks 52,859,636 90
Total 1,070,239,616 40
Notes of gold banks are not included in the above table.
NATIONAL-BANK FAILURES.
The total number of national banks placed in the hands of receiversto November 1, 1885, has been 104, of which 4 became insolvent andwere placed in this category since November 1, 1884. A fall list ofthese banks will be found in the appendix, with the amount of capital,claims proved, and dividends paid. The four which have failed duringthe past year are as follows:
Name of b
Middletown National Bank of Middletown, N. YFarmers' National Bank of Buahnrll, 111 -Sclioharie County National Bank of Schoharie, X. TExchange National Bank of Norfolk, Va
Capital.
$200, 00050, 00050, 000
300, 000
Receiverappointed.
Nov. 29,1884Dec. 17, 1884Mar. 23, 1885Apr. 9, 1885
The affairs of seven banks have been finally closed, and a final divi-dend has been made to their creditors during the year. These banks,with the total dividends paid by each, are as follows:
Name of bank.
Venango National Bank of Franklin, Pa ...City National Bank of Chicago, I]]First National Bank of Georgetown, Colo .First National Bank of Allentown, PaFirst National Bank of Dallas, TexFirst National Bunk of Newark, N. J\ *First National Bank of Brattleboro', Vt.f .
Totaldividendson princi-
Per cent.23. 3777.51237. 64838838.10
100100
Propor-tion ofinterest
paid.
Per cent.
100100
* An assessment of 100 per cent, was made on the stock of this bank, but tbe amount paid was re-turned to the stockholders; 5 per cent, daring the present year.
t An assessment of 25 per cent, was made on the stock of this bank, but 64.625 per cent, of the amountpaid under this assessment was returned to stockholders during the present jear .Digitized for FRASER
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EEPOET OF THE COMPTROLLER OF THE CURRENCY. 39
The affairs of a number of banks in the hands of receivers have beencompletely liquidated, with the exception of some matters involved inlitigation now pending in the courts. Much of this litigation is pendingin courts of last resort, and it may be some time before the cases can beheard and decided. This condition of things may delay the final settle-ment of the affairs of these associations. In such cases, however, thereceivers are, as a rule, paid no salary, it being understood that on finalsettlement of the affairs of the banks they shall be paid only for actualservices rendered. The names of the banks in this condition, with thedividends already paid to their creditors, are as follows:
Name of bank.
Scandinavian National Bank of Chicago, 111New Orleans National Banking Association of New Orleans, La .First National Bank of Anderson, IndChai lottesville National Bank of Charlottesville, VaFourth National Bank of Chicago, 111National Bank of the State, of Missouri, Saint Louis, MoThird National Bank of Chicago, 111Central National Bank of Chicago, 111First National Bank of Waynes burg, PaPeople's National Bank of Helena, MontFirst National Bank of Bozeman, MontGerman-American National Bank of Washington, D. CSecond National Bank of Scranton, FaFirst National Bank of Butler. Pa
Dividendspaid.
Per cent.50.062.039.562.050.0
*100. 0*100.0
60.060.040.085.050.0
1100.070.0
*And interest. t And 50 per cent, of interest.
The following dividends have been paid to the creditors of insolventbanks during the past year, the total dividends paid up to November1, 1885, being.given in each case:
Name of bank.
Venango National Bank of Franklin, PaNew Orleans National Banking Association of New Orleans, La.First National Bank of Anderson, IndCity National B aik of Cbicairo, 111First National Bank of Georgetown, ColoFirst National Bank of Allentown, PaFirst National Bank of Wavneslmrg, PaFirst National Bank of Dallas, TexSecond National Buik of Scrauton, PaFirst National Bank of Newark, N. JFirst National Bank of Brattli4)oro, VtFirst National Bank of Buffalo, N. YPacific, Njtio- al Bank of Boston, MassFirst National Bank of Union Mills, Union City, PaVermont National B ink of Saint Alhans, Vt IFirst National Bank of Lendville, Colo |First National Bank of Saint Albans. Vt \First National Bank of Moumouth, 111Marine National Bank of New York, N. YHot Springs Nation il liank of Hot Springs, ArkRichmond National Bank of Richmond, IndLogan Nation U B.ink of West Liberty, OhioMiddletown National Bank of Middletown, N. YFarmers' National Bank of Bnshnell, IIISchohariH Countv National Bank of Schoharie, N. Y .Exchange National Bank of Norfolk, VaFirst National Bank of Jamestown, Dak
Dividendspaid during
the pastyear.
Per cent.8.372
14.50.512
15.14833
201.10
*5015
+64.62555
10305
12. 50201540363040402020
300
Totaldividends
paid todepositors.
Per cent.21376239.5077. 51237. 6483886038.10
10010010038156042. 502512. 50904070363040402020
100
Proportionof interest
paid todepositors.
Per cent.
50100100
ioo
*Of interest.t An assessment of 100 per cent, was made on the stock of tbis bank, but the amount paid was re-
turned to the stockholders, 5 per cent, during the present year.{An assessment of 25 per cent, was made on the stock of this bank, but 64.625 per cent, of the
amount paid under this assessment was returned to the stockholders during the present year.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
40 REPORT OF THE COMPTROLLER OF THE CURRENCY.
As has been seen, there have been but four failures of national banksduring the year ending November 1,1885, as against eleven during theprevious year. An inspection of the above list will show that each ofthe four banks failed this year has already paid a dividend to its cred-itors, two of them 40 per cent, each, and two 20 per cent each.
If receivers, on taking charge of insolvent national banks, discoverevidence which appears to indicate that insolvency has been caused bypractices in violation of the criminal statutes of the United States, suchevidence is at once, by direction of this office, referred through the properchannels to the Department of Justice for appropriate action againstthose who appear to have rendered themselves liable to the penaltiesof the law. Prosecutions of officers of many of the insolvent nationalbanks have been instituted*by the Department of Justice through theUnited States attorneys in the districts where the banks were located,and as a rule convictions have been secured where indictments havebeen found. A number of proceedings of this character are now pend-ing.
Since the commencement of the national banking system 104 bankshave been placed in the hands of receivers, 549 banks have voluntarilyclosed their business by a vote oH stockholders owning two-thirds of thestock, under the provisions of sections 5220 and 5221 of the RevisedStatutes, and the corporate existence of 26 expired by limitation. Ofthe banks in the hands of receivers, 9 had been previously placed inliquidation by their stockholders, but foiling to pay their depositors, re-ceivers were afterwards appointed by the Comptroller to wind up theiraffairs. Of the 104 banks placed in the hands of receivers, 70 havebeen finally closed, leaving 34 in process of settlement, of which, as hasbeen seen, 14 are virtually closed with the exception of pending litiga-tion, leaving 20 receiverships only in active operation.
Since the commencement of the system there has absolutely been noloss to the note-holders of insolvent national banks, every note hav-ing been promptly redeemed on presentation at the United StatesTreasury. The loss to the depositors of these insolvent national banksduring the twenty-two years elapsed since the passage of the act of Feb-ruary 25, 1863, as nearly as can be estimated, taking into considerationdividends which will probably hereafter be paid, has been about$9,860,000. The average annual loss to depositors has been thereforeabout $448,000 in the business of corporations having from year to yearan average capital of about $450,000,000, which corporations have beenresponsible for the safe keeping of deposits in their hands averagingconstantly over $800,000,000. The annual average loss to depositors ofall the national banks is therefore not in excess of one-twentieth of 1percent.
The total amount so far paid to creditors of insolvent national bankahas been $25,651,390 upon proved claims amounting to $43,159,252.The amount paid during the year has been $2,151,868.
Assessments amounting to $9,812,750 have been made upon stock-holders of the insolvent national banks to enforce their individual lia-bility under section 5151 of the Revised Statutes of the United States.From this source $3,982,627 has been collected; $348,670 of this amountduring the past year.
Reference is again made to the tables in the Appendix, showing na-tional banks which have been placed in the hands of receivers, theamount of their capital, of the claims proved, and the rates of dividendspaid, and also showing the amount of circulation of such banks issued,redeemed, and outstanding.
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 4 1
As stated in his last report:" It is the intention of the Comptroller to rigidly enforce the bank act and to call
the attention of the Department of Justice to any criminal violations of the same,but experience has proved that it is difficult, not only under the bank act, but gener-ally under criminal statutes, to always obtain sufficient evidence to convict offenders.The Comptroller is of the opinion that, with a few exceptions, the national bank acthas adequate provisions for the prosecution and conviction of those who lay them-selves liable to its penalties. As stated elsewhere, bank failures are not so much dueto the inadequacy of the law as to the failure on the part of the officers and directorsto maintain a proper supervision of the affairs of their associations."
TAXATION.
The only United States tax now paid by the national banks is thesemi annual duty of one-half of 1 per cent, upon the average amount oftheir notes in circulation during the preceding six months. The pro-hibitory tax of 10 per cent, upon State bank circulation paid out, asprovided by section 3412 of the Revised Statutes, is also still in force.Section 5173 of the Revised Statutes provides that the expenses of theBureau of the Comptroller of the Currency, including those of theplates and dies used for the printing of national-bank notes and of theprinting of such notes, shall be paid out of the proceeds of the tax oncirculation.
The act of June 20, 1874, provides for the redemption of national-bank notes in the office of the Treasurer of the United States; that thecost of such redemptions shall be paid by the banks; and that the costof the plates for printing, up to that time paid out of the proceeds ofthe tax on circulation, shall thereafter be paid from the proceeds of anassessment upon the banks. Section 6 of the act of July 12, 1882, forextending the corporate existence of national banking associations,provides that the cost of engraving plates for the issue of circulationof new design, required by the section, should also be paid by the banks.It was the evident intention of the enactors of the original banking lawthat all the expenses which were incurred by the Government in pre-paring circulation to be issued to national associations, as well as theexpenses of carrying on the Bureau of the Comptroller of the Currencyand enforcing the restrictions of the national banking laws, should bedefrayed from the tax on circulation. As has been seen, this principlewas changed by the act of June 20,1874, which, without abolishing thetax on circulation, imposed on the banks the expense of the redemptionof their notes and preparation of their plates, and this course was alsofollowed in the act of July 12, 1882.
The Comptroller in his last annual report suggested that, inasmuchas the constant contraction of the volume of the national-bank currencywas due in great measure to the fact that under present conditions bankscan make but a nominal profit from the issue of circulation, a readyand simple way to prevent a further diminution of the volume of na-tional-bank notes would be to abolish this tax, and also that if this taxwere abolished the expenses of the Bureau of the Comptroller of theCurrency could be paid by a pro rata assessment on the banks, as is nowdone in the case of the redemption of their notes by the Treasurer ofthe United States and in the case of the expenses of preparing platesfor printing notes.
The total expense of the Office of the Comptroller of the Currencyfrom the date of its organization to June 30,1885, has been $6,060,227.37,and the expense for the year ending on that date $225,29*3.38. Fromthe tax on circulation for the year ending June 30, 1885, $2,794,584.01was realized by the United States Treasury.
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42 EEPORT OF THE COMPTROLLER OF THE CURRENCY.
The total taxes collected from the national banks to the end of thepresent fiscal year are shown in the following table:
Years. jOn circulation.
1864 | $53,193 321865 I 733,247 591866 2,106,785 301867 ! 2,868,636 781868 2,946,343 071869 2,957,416 731870 2,949,744 131871 2,987,021 691872 3,193, 570 031873 3,353,186 131874 3,404,483 111875 3,283,450 891876 3,091,795 761877 2, 900, 957 531878 1 2,948,047 081879 3,009,647 161880 3,153,635 631881 3,121,374 331882 3,190,981 981883 3, 132, 0U6 731884 3,024,668 241885 2,794,584 01
Aggregates . 61,204,777 22
O n deposits.
$95,911 871,087,530 862, 633,102 772, 650, 180 092, 504,143 442, 614, 553 582. 614, 767 612, 80J, 840 853,120, 984 373,196, 569 293, 209, 967 723,514,265 393, 50:>, 129 643,451,965 383,273, 111 743, 309, 668 904,058,710 614, 940, 945 1 •>5,521,927 47
*2, 773, 790 46
60, 940, 067 16
O n capital.
$18, 432 07133,251 15406, 947 74321, 881 36306, 781 67312, 918 68375, 962 26385,292 13389, 356 27454,891 51469, 048 02507,417 76632,296 16660, 784 90560, 296 83401,920 6L379, 424 19431,233 10437, 774 90*269, 976 43
7, 855, 887 74
Totals.
$167, 537 261, 954, 029 605,146, 835 815, 840, 698 235, 817, 268 185, 884, 888 995, 940, 474 006, 175, 154 676, 703, 910 677, 004, 646 937, 083, 498 857, 305,134 047,229,221 567,013,707 816, 781, 455 656,721,236 677, 591, 770 438, 493, 552 559, 150, 684 356,175, 773 623, 024, 668 242, 794, 584 01
130, 000, 732 12
* Six months to June 1, 1883.
The following table exhibits the taxes upon the circulation, deposits,and capital of banks, other than national, collected by the Commissionerof Internal Revenue, from 1864 to November 1, 1882, the date uponwhich the taxation of capital and deposits ceased:
Years.
18641865186618671868186918701871 «187218731874187518761877187818791880188118821882*
Aggregates
On circulation.
$2, 056, 996 301,993,661 84
990,278 11214, 298 75
28, 609 8816, 56 j 0515,419 9422,781 928,919 82
24, 778 6216,738 2622, 746 2717, 947 675,430 161,118 72
13, <*03 2928. 775 37
4, 295 084, 285 77
5, 487, 608 82
On deposits.
$780, 723 522,043,841 082, 099, 635 831,355,395 981, 438, 512 771,734,417 632,177, 576 462,702, 196 84 •3,643,251 713, 009, 302 792, 453, 544 262, 972, 260 272, 999, 5.0 752, 896, 637 932, 593, 687 292,354,91) 742, 510,775 432, 946.9H6 644. 096, 102 451, 993, 026 02
48, 802, 237 39
On capital.
$903, 367 98374,074 11476, 867 73399, 562 90445,071 49827, 087 21919,262 77976, 057 61736, 950 05910, 878 15
1,102,241 58989,219 61927, 661 24897,225 84830, 068 56811, 436 48811,006 35
1, 153, 070 25489, 033 53
14, 986,143 44
Totals.
$2, 837,4, 940,3, 463,2, 046.1,866,2, 196,3, 020,3, 644,4, 628,3,771,3, 387,4, 097,4, 006,3, 829,3, 492.3, 198,3, 350,3, 76">,5, 253,2, 482,
719 82870 90988 05562 46745 55054 17083 61241 53229 14031 46160 67248 12698 03729 33031 85883 59985 28208 07458 47059 55
69, 275, 989 65
* Six months to November 30, 1882.
STATE TAXATION OF NATIONAL BANKS.
The reports of the Comptroller of the Currency for the years 1877,1880,1881, and 1882 contain chapters on the subject of State taxation ofnational bank shares, in which the decisions of the courts construingthe effect of the provisions of the national banking law permittingsuch taxation were considered.
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 43
In view of the recent decision of the United States Supreme Court inthe case of Boyer v. Boyer, and the action of the New York banks inseeking- the protection of the courts against the alleged discriminatingtaxation of their shares by the city of New York for the year 1885, it isdeemed best to give in this report a brief resume of the law authoriz-ing State taxation of national-bank shares, and the most important de-cisions of the courts construing this law.
The original national currency act of February 25, 1863, containedno provision authorizing the States to tax national banks in anymanner whatever. The number of banks organized under this act was,however, comparatively small, and the capital small compared withthe capital invested in banks organized under State laws, over whichthe States had full power of taxation. Much of the opposition to thenational system at the time of its inception was manifested by thosewho regarded it as hostile to the State systems, and as a step towardthe removal of one objection, at least, to the State systems becomingmerged in the national, Congress seems to have regarded it as neces-sary to grant to the States the authority to tax national banks. At anearly day the Supreme Court of the United States had held that theStates had no power to impose taxes on corporations created by Con-gress, and the same court has since held that the States cannot imposeany tax whatever on national banks without the authority of Congress.(Williams v. Assessors.)
The power to tax national bank shares was granted, and the methodof imposing such tax indicated by three provisos attached to section 41of the act of June 3, 1864, by which the original act of February 25,1863, was superseded. Under this law, shares of national-bank stockwere made liable to assessment by State authority at the place wherethe bank was located, but not at a greater rate than was assessed uponother moneyed capital in the hands of individual citizens of such State,and the tax imposed was not to be at a greater rate than was imposedupon the shares of banks organized under State law. Real estate be-longing to a national bank was to be taxed as other real estate wastaxed.
The question that appears to have first arisen as to the proper construc-tion of the law permitting State taxation of national bank shares, was inregard to the exemption of United States bonds held by national banks,in arriving at the value of the shares liable to taxation. The Hon. Free-man Clarke, then Comptroller of the Currency, in his report to Congressfor the year 1865, took strong ground in favor of the exemption of UnitedStates bonds held by the national banks. He claimed that unless suchbonds held by'a national bank were deducted from its capital in orderto arrive at the value of the shares liable to taxation, the States ex-ercised indirectly the right of taxing United States bonds, althoughsuch bonds were exempted by law from direct state taxation, and thatthus bonds held by national banks were taxed while those held by in-dividuals were exempted. He says, in regard to the ground taken bysome, that a tax on the shares was not a tax upon the securities repre-sented by those shares; "that the position assumed by those who favorthis hypothesis will be found, upon critical examination, to be fallaciouscan scarcely admit of a doubt."
The point came before the United States Supreme Court for decisionin Van Allen v. Assessors (3 Wall., 573), and it was decided by the ma-jority of the court that a share of national bank stock was a distinctthing from the capital of the bank, which capital may be invested in
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44 REPORT OF THE COMPTROLLER OF THE CURRENCY.
United States bonds—that the shares are property in the hands of in-dividuals, while the corporation is the legal owner of all the propertyof the bank, real and personal.
The interest of the shareholder entitles him to participate in theprofits of the corporation while the latter is in existence, and also uponits dissolution to receive his proportionate share of such property a&may remain after the payment of its debts. It is this entire interestthat Congress has left subject to taxation by the States, and not suchportion as might remain were the amount invested in United Statesbonds deducted from capital.
The court also held in this case that a New York statute, assessing-shares of national banks for purposes of taxation at the same rate atwhich other moneyed capital was assessed, the tax not to exceed the parvalue of the shares, was void, because it was contrary to the provisionsof the Federal law—that taxation of national bank shares was not to beat a greater rate than was imposed on State bank shares.
The State banks in New York were not taxed on their shares, but oncapital, from which the deduction of the amount invested in UnitedStates securities was allowed, while this deduction could not be madeto reduce the value of national bank shares. The question then arosein a new form. Inasmuch as the law provides that shares of nationalbanks shall be assessed at the same rate as other moneyed capital inthe hands of individual citizens, and inasmuch as United States bondsand securities are exempt in the hands of individual citizens ; when thecapital of national banks is invested in United States bonds, is notthe State tax on their shares invalid ? The United States SupremeCourt in People v. Commissioners (4 Wall., 244) decided that under suchcircumstances the State tax on national bank shares was valid. Underthese two decisions it is apparent that no deduction can be made fromthe value of shares of national banks on account of the exemption fromtax of some of the assets in which their capital may be invested. Thisprinciple will apply to United States notes and to United States orother securities which may by law be exempt from taxation.
The next important case bearing on this matter decided in the UnitedStates Supreme Court was that of Lionberger v. House. This turnedupon the construction of that portion of the Federal law providing thatthe tax on national-bank shares should not be at a greater rate thanwas imposed on the shares of State banks. The point raised was thatthe State of Missouri taxed some State banks less than others. Theselightly taxed banks, holding an inconsiderable portion of the bankingcapital of the State, were organized under special charters, grantedprior to the commencement of the national system, which the State hadno power to change. There was no discrimination as between national-bank shares and those of State banks not so specially exempted. Thecourt construed the clause of theFederal law in question to mean onlythat the State, as a condition to the exercise of the power to tax theshares of national banks, shall, as far as it has the capacity, tax in likemanner the shares of banks of its own creation.
The act of February 10,1868, was passed to further define the placeand manner of taxation of national bank shares, amending section 41of the act of June 3,1864. It may perhaps be regarded as supersedingthat section to the extent of dropping out the proviso that shares ofnational banks shall be taxed at a rate no greater than is imposed onthe shares of State banks. This appears to be the view taken by Con-gress in 1873, when approving the Revised Statutes, as in those statutes
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 45
this proviso is not included. Section 5219, which now embodies thelaw on State taxation of national-bank shares, is as follows:
SEC. 5219. Nothing herein shall prevent all the shares in any association frombeing included m the valuation of the personal property of the owner or holder ofsuch shares, in assessing taxes imposed by authority of the State within which theassociation is located; but the legislature of each State may determine and direct themanner and place of taxing all the shares of national banking associations locatedwithin the State, subject only to the two restrictions, that the taxation shall not beat a greater rate than is assessed upon other moneyed capital in the hands of indi-vidual citizens of such State, and that the shares of any national banking associa-tion owned by non-residents of any State shall be taxed in the city or town wherethe bank is located, and not elsewhere. Nothing herein shall be construed to exemptthe real property of associations from either State, county, or municipal taxes, to thesame extent, according to its value, as other real property is taxed.
The validity of State taxation on national bank shares, is under thissection, to be determined solely by the inquiry whether it is at a greaterrate than is assessed upon other moneyed capital in the hands of indi-vidual citizens. There has, however, been great difficulty in so regulat-ing the taxation of national-bank shares by the States as to conformstrictly to the intent of this law. As a consequence, in many of theStates, national-bank shares, in the assessment and collection of taxes,have, it is alleged, been in different ways subjected to severe andunjust discrimination, as compared with other moneyed capital. Someof the methods of discrimination are as follows:
(1) Differences are made in the valuation of national-bank shares forpurposes of assessing taxes, as compared with the valuation of othermoneyed capital for the same purpose.
(2) Theindividual holders of other moneyed capital have been allowedto make deductions on account of certain exemptions, such as debtsowed by such individual holders, when holders of national-bank shareswere not permitted to deduct their debts.from the value of such shares.
(3) In the different States distinctions are made in the taxation ofvarious kinds of moneyed capital, other than national-bank shares, inthe hands of individual citizens, and the standard by which the taxationof national-bank shares is to be legally measured becomes thus con-fused.
Many forms of moneyed capital in the hands of individual citizens arealtogether exempted by law from taxation, while national-bank sharesare taxed. The difficulty arises in deciding by which class of moneyedcapital the tax on national bank shares is to be guided": Whether thereis to be no tax, as in case of exempted moneyed capital; a less tax, as incase of the class of moneyed capital taxed at a less rate; or a greater tax,as in case of the class of moneyed capital taxed at a greater rate.
All of these forms of discrimination have been passed on in litigationwhich lias come before the United States Supreme Court.
In Ohio the law provided certain State boards for equalizing the tax-ation on real estate, on railroad capital, and on capital invested inbank shares; but there was no State board for equalizing the taxationon personal property, other than bank shares, railroad stock, or othermoneyed capital. The equalization as to all other personal propertyassessed ceased with the county boards of equalization, but the countyboards throughout the State fixed the valuation of moneyed capitalfor purposes of taxation at six tenths of its true value, while the Stateboard fixed the taxable value of bank shares at their actual cash value.The rates of taxation being the same, bank shares were discriminatedagainst to the extent of four tenths of their value. In New York thelaw permitted the deduction of just debts of an individual from his
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46 REPORT OF THE COMPTROLLER OF THE CURRENCY.
personal property, including his moneyed capital, excepting only hisbank shares.
In Pelton v. Commercial National Bank of Cleveland (101 U. S., p.143), and in Cutninings v. Merchants' National Bank of Toledo (101U. S., p. 153), the United States Supreme Court decided the ques-tion or' discrimination arising under the laws of Ohio. *In those casesit was held that a tax upon national-bank shares valued for taxationat a higher rate than other moneyed capital was invalid, and that uponpayment of the amount justly assessable a court of equity would enjointhe collection of the residue, but that the bank must pay the portionof the taxes justly due.
In People v. Weaver (100 U. S., p. 539), a case arising under the NewYork law, the Supreme Court decided that the word rate in the pro-vision of section 5219 United States Revised Statutes, that taxationshall not be at a greater rate than is assesssd upon other moneyed cap-tal in the hands of individuals, applies to and includes as well the valu-ation of shares for taxation, as the rate of taxes to be imposed; and that thelaw of the State of New York, which permitted a party to deduct bis justdebts from the value of all his personal property, except his national-bank shares, was void as to the taxation of such bank shares. Thecase of Evansville Bank v. Britton (104 U. S., p. 323), arising under thelaw of Indiana, taxing national-bank shares, supports tbe same doc-trine. These cases disposed of the first two forms of discriminationsalready mentioned, and pointed out the proper remedy to be pursuedby banks in avoiding the payment of taxes illegally assessed. Super-visors v. Stanley (104 U. S., p. 305) decides questions arising as to therecovery of excessive taxes which have been paid by the shareholdersof national banks.
Under the third class of discrimination—where doubt as to theproper taxation of national-bank shares arises from the fact that underState law a discrimination is made in taxing different classes of othermoneyed capital in the hands of individual citizens—the importantcases decided in United States Supreme Court are Lionberger v. Rouse(9 Wall.), already mentioned ; Hepburn v. School Directors (23 Wall.r480), and the recently decided case of Boyer v. Boyer. In Lionber-ger v. Rouse a discrimination was made by the State in taxing sharesof banks organized under its own laws—one class of banks beingtaxed at a higher rate than another. At that time, as has been seen,the law in force measured the taxation of national bank shares by thetaxation of State-bank shares, and in this case the United States Su-preme Court held a tax on national-bank shares to be valid which didnot exceed the tax imposed upon the larger bulk of State-bank shares.In Hepburn v. School Directors (23 Wall., 480) it was held by the UnitedStates Supreme Court that the exemption by State law from taxationof a small portion of other moneyed capital in the hands of individualcitizens was not a reason for exempting uational-bank shares fromtaxation. In this case also it was held that shares of national banksmight be taxed at an amount exceeding their par value, if their marketvalue exceeded their par value.
In the case of Boyer v. Boyer, the Supreme Court decided that ifthe great bulk of moneyed capital in the hands of individual citizensis exempted by State law from municipal taxation, that under the lawof Congress national-bank shares must be exempted also. The courtsays that cases will arise in which it will be difficult to determinewhether the exemption of the particular part of moneyed capital inindividual hands is so serious or material as to infringe the rules ot
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 47
substantial equality—that a proper construction of the act of Congressforces the conclusion that capital invested in national-bank shares wasintended to be placed upon the same footing of substantial equalityin respect to taxation by State authority, with other moneyed capitalin the hands of individual citizens, however invested. The court pro-ceeded to say:
Upon such facts, and in view of the revenue laws of the State, it seems difficult toavoid the conclusion that, in respect of county taxation of national-hank shares,there has been and is such a discrimination in favor of other moneyed capital againstcapital invested in such shares as is not consistent with the legislation of Congress.The exemptions in favor of other moneyed capital appear to be of such a substantialcharacter in amount as to take the present case out of the operation of the rule thatit is not absolute equality that is contemplated by the act of Congress; a rule whichrests upon the ground that exact uniformity or equality of taxation cannot in thenature of things be exp cted or attained under any system. But as substantialequality is attainable, and is required by the supreme law of the land, in respect ofState taxation of national-bank shares, when the inequality is so palpable, as to showthat the discrimination against capital invested in such shares is serious, the courtshave no discretion but to interfere.
Having in view this last decision, the banks of the city of New York,after due investigation of the subject by a committee* appointed for thepurpose, have arrived at the conclusion that the valuation of theirshares for purposes of taxation is illegal and void, for the reason thatthe greater portion of moneyed capital in the hands of individual citi-zens in the city of New York is, under the laws of that State, exemptfrom municipal taxation.
Suits have been brought in equity, and the bill in each-case asks foran injunction from collecting any taxes from the bank or from the indi-vidual shareholders until a final hearing of the cause.
The question is frequently asked this office, whether national-banknotes in the hands of individual citizens are liable to State taxation.Section 3707 of the Kevised Statutes provides that all stocks, bonds,Treasury notes, and other obligations of the United States shall be ex-empt from taxation by or under State or municipal or local authority.In section 5413, Revised Statutes, the words uobligation of the UnitedStates" is held to include national bank currency. The question of thetaxability of national bank currency arose in the case of the Board ofCommissioners in Montgomery County v. Elston (32 Ind., 27), andit was decided by the Supreme Court of the State that national-bankcurrency is not exempt from taxation by the State. The court held thatthe provision of law making national currency an obligation of theUnited States, only intended to throw around national currency thesame guards against counterfeiting that were by law provided for ob-ligations of the United States, and not to generally define national cur-rency as an obligation of the United States.
In the case of Home v. Greene, in the Supreme Court of the State ofMississippi (52 Miss., 452), it was decided that the circulating notes ofnational banks are not subject to State taxes. The question, therefore,still appears to be an open one.
LOANS AND RATES OF INTEREST.
The following table gives the classification of the loans of the banksin the city of New York, in Boston, Philadelphia, and Baltimore, in the
* Report of John Jay Knox, Edmund D. Randolph, and W. P. St. John, tax com-mittee, on the recent decision of the Supreme Court of the United States, New YorkJune 9, I d 5
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48 REPORT OF THE COMPTROLLER OF THE CURRENCY/
other reserve cities, and in tbe remaining banks of the country at cor-responding dates in each of the last three years:
OCTOBER 2, 1883.
Classification.
On TJ. S. bonds on demandOn other stocks, bonds, &c», on
demandOn single-name paper without
otlu r securityAll other loans
Totals
48 banks.
$2, 093, 526
94,321,605
19,147, 049129, 546,152
245,108, 332
103 bants .
$344, 337
29, 638, 276
24,684,110146, 149, 205
200, 815, 928
97 banks.
$623, 679
23, 099, 682
17, 259, 584110,381,881
151, 364, 826
2,253 banks.
$1, 972, 232
41, 518, 741
87, 910, 589574, 760,143
706,161, 705
2,501 banks.
$5, 033, 774
188, 578, 304
149,001,332960, 837, 381
1, 303, 450, 791
SEPTEMBER 30, 1884.
Classification.
On U. S. bonds on demandOn other stocks, bonds, &c, on
dem-.indOn single-name paper without
other securityAll other loans
Totals .
44 banks.
$2, 933, 785
69,805,215
12,559,441120,054,836
205, 353, 277
104 banks.
$644,017
25, 763, 605
22, 458, 370150, 372, 086
199, 238, 078
99 banks.
$268, 396
18, 573, 905
16, 239, 550107, 543,129
142, 624, 980
I2, 417 banks. 2, 664 banks,
$970, 691
34, 050, 829
83, 816, 871574, 016, 071
692, 854, 462
$4. 816, 889
148,193, 554
135, 074, 232951, 986,122
1, 240, 070, 797
OCTOBER 1, 1885.
Classification.
On U. S. bonds on demandOn other stocks, bonds, &c, on
demandOn single-name paper without
other securityAll other loans'
44 banks. 105 banks.
;3,286,124 I $190,195 '
33,157,31980, 687, 265
25, 331, 820127,518,389
Totals I 236,823,598
34, 806, 254150, 270, 503
218,4-'4,271
98 banks.
$585,154
25,421,092
18, 480, 233106, 948. 959
151, 435, 438
2,467 banks. 2. 714 banks.
$504,134
34, 036, 931
92, 873, 780507, 057, 152
694, 471, 997
$4, 565, 607
173, 302, 607
171, 492, 087951, 795, 003
1, 301,155, 304
In the table below is given a full classification of the loans in NewYork City alone for the last five years:
Loans and discount.
On endorsed paperOn sinyle-named psiperOn U. S. bonds on demand . . .On other stncks,&c., on demandOn re;.l-estate securityAll other loans '.
Totals
October 1,1881.
48 banks.
$L12, 049, 0042<5, 9:5">, 87H
2, r>3M, 9.897,249, 162
230. 1007, 747, 5»7
216,757,659
October1882.
50 bank
$118,692,- 21,203,
1, 707,89, 532,
3 4,7, 600,
239, 041,
3,
s. .
651f>73(5877i 527:52487
892
October1883.
2,
48 banks.
$121,644,19, 147.
2, QiM,94,321,
184,7,717,
245,108,
201051527605(583265
332
September30, 1884.
44 banks .
$116,1'-,
2,69,
3,
205,
010, 0625">9, 443im, 7K580.% 2151G3 :;97881, 375
353, 277
October 1,1885.
44 banks .
$114,013,77525,331,8203.286, 124
80, 687, 265215,385
13, 289, 229
236, 823, 598
In previous reports the attention of Congress has been called to theprovisions of section 5200 of the Revised Statutes, which place restric-tions upon loans, and to the difficulty of enforcing the same. In citieswhere large amounts of produce are received and stored it is claimed to
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 49
be impossible for the banks to transact this class of business so long asthey are restricted to loans to an amount not exceeding1 in any case one-tentk of their capital. While it is true that the limitation prescribeddoes not apply to loans upon produce in transit where the drafts aredrawn on existing values, yet if the produce is stored instead of beingshipped, loans in excess of the one-tenth limit cannot be made except inviolation of law. in such a case the Comptroller has no means of en-forcing the law except by bringing suit for forfeiture of charter, whichmight result in great embarrassment to business, as well as loss to inno-cent stockholders, It seems evident that the law should be so amendedas to permit legitimate loans upon United States bonds, produce or ware-house receipts, and some other classes of collateral security.
HATES OF INTEREST IN NEW YORK CITY AND OF THE BANK OFENGLAND AND THE BANK OF FRANCE.
The average rate of interest in New York City for each of the fiscalyears from 1875 to 1885, as ascertained from data derived from theJournal of Commerce and the Commercial and Financial Chronicle, wasas follows:
1875, call loann, 3.0 per cent. ; commercial paper, 5.8 per cent.1876, call loans, 3.3 per cent, ; commercial paper, 5.3 per cent.1877, call loans, 3.0 per cent.; commercial paper, 5.2 per cent.1878, call loans, 4.4 per cent. ; commercial paper, 5.1 per cent.1879, call loans,1880, call loans!1881, call loans!188 2J call loans1883, call loans!1884, call loans1885, call loans!
4.4 per cent.; commercial paper, 4.4 per cent.4.9 per cent. ; commercial paper, 5.3 per cent.3.8 per cent.; commercial paper, 5 0 per cent.4.4 per cent. ; commercial paper, 5.4 per cent.5.7 per cent. .; commercial paper, 5.7 per cent.2A per cent, ; commercial paper, 5.(> per cent.2.3 per cent.; commercial paper, 5.5 per cent.*
The average rate of discount of the Bank of England for the sameyears was as follows :
During the calendar year ending December 31, 1-574, 3.09 per cent.During the calendar year ending December 31. 1875, 3.23 per cent.During the calendar year ending December 31, 1870, 2.GI per cent.During the calendar year ending December 31, 1.877, 2.91 per cent.During the calendar year ending December 31, 187 ri, 3,78 per cent.During the calendar year ending December 31, 1879, 2.50 per cent.During the calendar year ending December 31, 1880, 2.70 per cent.During the calendar year ending December 31, 1881, 3.49 per cent.tDuring the calendar year ending December 31, 1882, 4.10 per cent.tDuring the calendar year ending December 31, 1883, 3.57 per cent.tDuring the calendar year ending December 31, 1884, 3.18 per cent.§From December 31, 1884, to September 30, 1835, 2 per cent.$
From December 31,1884, the rate of discount of the Bank of Englandwas uniform at 2 per cent. The average rate of interest in New YorkCity for the four months previous to November 1, 1885, was, accordingto the Financial Chronicle, on call loans about 2 per cent, and on com-mercial paper about 4.3 per cent., and the rate of interest on October 31,1885, was on call loans 2.5 per cent, and on commercial paper 4.75 percent. The rate of discount in the Bank of France, which was loweredfrom 4 to 3J per cent, on March 23,1882, was.lowered to 3 per cent, onFebruary 23, 1883, and the general council of the bank reported on
* From the Financial Chronicle. Maximum rate.tFrorn the Financial Chronicle only.tFrora the London Bankers' Magazine.§ From the London Economist.
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50 REPORT OF THE COMPTROLLER OF THE CURRENCY.
January 29, 1885, as stilted in the London Bankers' Magazine, that thisrate of discount had stood since the former date, ami that they had en-deavored for the advantage of business to maintain rhe position of afixed rate, and fortunately succeeded in doing so during the year 1884.
The number of trade bills admitted to discount in the bank of France-during the year 1884* was 5,144,035, representing1 the sum of$907,870,300. * Of this number of bills there were 14,327 biljs of $2.08and under, 661,895 bills from $2.29 to $10, 905,293 bills from $10.2L to#20, and 3,563,120 bills above $20; that is to say, nearly a third inbills under $20.21. The number of trade bills under $20 steadily in-creases. In 1880 there were 1,014,412 of these small discounted bills,in 1881 1,160,945, in 1882 1,224,326, in 1883 1,349,270, and in 1884 theyincreased to 1,581,515. The report by the governor of the Bank ofFrance for the year 1884 states that the proportion of the discountsfor retail trade in Paris has continually increased during the past year.
DIVIDENDS AND EARNINGS.
The large number of mercantile failures which have occurred during1884 and 1885 have not apparently injured or weakened the nationalbanks, the aggregate surplus funds and undivided profits having beenbut slightly reduced. The aggregate surplus of 2,664 banks on Sep-tember 30, 1884, amounted to $147,055,038, and the undivided profits to#63,234,238.
At the close of business October 1, 1885, the aggregate surplus fundof 2,714 banks amounted to $146,624,642, and the undivided profits to$59,335,519, showing a decrease in surplus of $430,396, aud in undividedprofits of $3,898,719.
The following table shows the losses of national banks from Septem-ber 1, 1880, to September 1, 1885, and the ratio of losses to the aggre-gate capital employed :
Semiannual dividend periods.
September 1, 1880, to March 1, 1881March 1, 1881, to September 1, 1881September 1, 1881, to March 1, 1882March 1, 1882, to September 1, 1882September 1, 1882, to March 1, 1883March 1. 1883, to September 1, 1883September 1, 1883, to March 1, 1884March 1, 1884, to September 1, 1884September 1, 1884, to March 1, 1885March 1, 1885, to September 1, 1885
Capital.
$456, 844, 865458, 934, 485460, 354, 48547:1,947,715483, 091, 342494,640,140507, 969, 300518, 605, 725522,899,715524, 599, 602
Losses.
$5, 007, 2975,462.7133, 886, 8364,412,5754, 640, 8656,146, 2945, 593, 691
11, 377. 2939,973,1018, 739, 420
Ratio.
1.101.190.840.930.961.241.102.191.911.67
Numberof banks.
2,0872,1002,1372,1972,2672,3592,4912,5822,6502,665
The following tables havabeen compiled in order that comparisons mayhe made between the annual dividends paid by the national banks of theUnited States and those paid by banks in foreign countries to theirstockholders, and indicate that the average dividends and earnings of
* London Bankers' Magazine, August, 1885, p. 698.
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 51
the national banks in the United States are as a rule less than thedividends of joint-stock banks of other countries :
FOREIGN BANKS.
* £
Bank.
Bank of Eno-landLondon and partly pro
vinoial banks.Yorkshire and North-
era.Lancashire and Che-
shire.Midland and Eastern. .Welsh and West of
England.Bank of ScotlandScotch banksBank of Ireland.Irish banks
Colonial banks.
^ o n075, 000917,720458, 457933, 400
Ii
Australasian j 67,173, 039Canadian | 47, 332, 3i 6Eastern j 3U, 552, 472South A frican | 6, 5<H, 000West Indies { 2, 916, 000
14
1210 i
1010
Ano; lo-Cont inenta lbanks.
[Russian banksAustro-Hunjrariau . .Anst ro- H u n g a r i a n
banks.Banque Rationaleiiel^ian banksBauqiiH de FianceFrench banksDeutsche Reiclia bankGerman banks - . . ..Barn a Nazionale d7
Ita'ia.Italian banksSwi.ss banksSpanish bankImperial OttomanTurkish banks
Paid npcapital.
in
$5,603,580 I
20, 988,35, 370,3.', 619,
9, 650,10,562,35, 222,
114,352,28, 56w,52,407,38, 600,
15, 440,8, 202,3, 860,
24, 300,18, 715,
009000000 I
000066500500000 !600 |
ooo I000 i500000000512
1121
96i8*
13|
86*
NATIONAL BANKS IN THE UNITED STATES.
City of BostonNew England StatesCity of New York ..City of AlbanyCity of PhiladelphiaCity of Pittsburgh .City of Baltimore .%City of WashingtonMiddle StatesCity of New Orleans.City of Louisville
fr50, 950, 000115,584.37046, 250, 0001, 775, 000
18, 058, 00010, 179, 60011, 713, 2601,125, 000
83, 958, 8883, 525, 0003, 551, 500
5.57. 18.89.59.17.47.46.87.77.96.8
Southern States . . .City of Cincinnati .City of Cleveland.City of C hicascoCity- of DetroitCity of Milwaukee.City of Saint LouisWestern StatesCity of San FranciscoPacific States and Ter-
ritories
35, 997, 8508, 600, 000ft, 932, 050
11, 150, 0002, 6r>0, 000
650, 0003, 250, 000
95, 518, 1401, 500, 000
11, 831, 000
8.16.459.29.3
11.46.38.8
9.4
The information in regard to the foreign banks has been derived fromthe London Bankers' Magazine for October, 1885, and is to the latestobtainable date. The principal bank in each country is given sepa-rately, and the dividends paid by other banks in the same country areaveraged. Similar statements of the national banks of the UnitedStates are by geographical divisions, the reserve cities in each beinggiven separately, and the dividends paid by all other banks in the samedivision are averaged.
Farther particulars in relation to dividends paid by the nationalbanks in the United States will be found in a table given in the Ap-pendix.
TRANSACTIONS OF THE NEW YORK CLEARING-HOUSE.
The New York Clearing-House Association is composed of 43 na-tional and 21 State banks and the assistant treasurer of the UnitedStates at New York. Through the courtesy of Mr. W. A. Gamp, itsmanager, a statement of the transactions during the year ending Octo-
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REPORT OF THE COMPTROLLER OF THE CURRENCY.
ber 1, 1885, has been obtained, which shows that the total exchangeswere more than $25,000,000,000, while the balances paid in money wereover $1,295,000,000. The daily average balances paid were $4,247,009,or about 5.1 per cent, of the amount of the settlements.
The balances paid in money during the year consisted of $120,436,000in clearinghouse certificates of the Bank of America; clearinghousecertificates for legal-tender notes amounting to $405,900,000; legal-tenders amounting to $212,643,251; and United States gold certificates$556,376,000. Since the d ite of the issue of the new gold certificates(October 4, 1883), authorized by the act of July 12, 1882, the greaterportion of the balances due from the Government, have been paid inthese certificates instead of coin, thus dispensing with the movementof large amounts in bags and upon drays from the Treasury to the cus-tody ol the banks. During the six months ending November 1, 1884,a portion of the balances du^ from the Treasury of the United Stateswere paid in legal-tender notes, and during the past year the amount ofgold certificates of the United States and of the Bank of America re-ceived inpayment have decreased, while the balances paid in clearing-house legal-tender certificates and legal-tender notes amount to nearlyone-half of the entire money balances paid.
The following table shows the yearly transactions of the New YorkOlearing-House for the thirty-two years since its organization in 1853,and the amounts and ratios of currency required for the payment ofdaily balances:
Years.
18541855185618571858 •..185918601861186218631864186518661867186818691870187118721873187418751876187718781879188018811882188318841885
No. ofbanks.
5048505046475050505049555858595961626159595959585759576061636164
Capital.*
$47, 044, 90048, 884,18052, 883, 70064, 4'20,20067,146,01867,921,71469, 907, 43568, 900, 00568, 375, 82008, 972, 50868, 586, 76380, 363, 01382, 370, 20081, 770, 20082, 270, 20082, 720, 20083, 620, 20084, 420, 20084,420, 20083, 370, 20081, 635, 20080, 435, 20081,731,20071. 085, 20063,611,50060, 800, 20060, 475, 20061,162, 70060, 962, 70061,162, 70060,412,70058, 612, 700
t70,014,239
Exchangof*.
$5, 750, 455, 9875,362,912,0980,906,213,3288,333,226,7184, 756,1)64, 386."), 448, 005, 9567,231,143,0575,915,742,7586,871,443,591
14, 867, 597, 84924, 097,196, 65626, 032, 384, 34228,717, 146,91428, 675,159, 47228, 484, 288, 63737, 407, 028, 98727, 804, 539, 40629, 300, 986, 68233, 844, 369, 56835, 461, 052, 82622, 855 927, 63625, 061, 237, 90221,597,274,24723, 289, 243, 70122, 508, 438, 44225,178, 770, 69137,182,128,62148, 565, 818,21246, 552, 846,16140,293,165,25834, 092. 037, 33825,250,791,440
J 744, 695,238, 867
Balances paidin money.
$297,411,494289, G94, 137334, 714, 489365,313,902314,238,911363, 984, 683380, 693, 438353, 383, 944415,530,331677, 626, 483885,719,205
]
,035,76"), 1081,066,135,1061,144,903,4511,125, 455, 2371,120, 318, 308., 036, 484, 822,209,721,029., 428, 582, 707., 474, 508, 025L, 286, 753,176, 408, 608, 777
L, 295, 042, 029, 373, 996, 302., 307, 843, 857L, 400, 111, 063,516,538,631,776,018,162, 595, 000, 245,568,983,196
1, 524, 930. 9941,295,355,252
+32,669,426,493
Averagedaily
exchanges.
$19,104, 50517,412,05222, 278,10826, 968, 37115,393,73620, 867, 33323, 401, 75719,269,52022, 237, 08248, 428, 65777, 984, 45584, 796, 04093, 541,19593,101,16792,182, 164
121, 451, 39390, 274, 47995,133, 074
109, 884, 317115, 885, 79474, 692, 57481, 899, 47070, 349, 42876, 358,17673, 555, 98882, 015, 540
121,510,224159,232,191151, 637, 935132,543,307111,048,98282, 789, 480
175, 850,909
Averagedaily bal-ances paidiu money.
$988, 078940, 565
1,079,7241,182, 2461, 016, 9541,177, 9441,232,0181,151,0881, 344, 7582, 207, 2522, 866, 4053, 373, 8283, 472, 7533,717,4143, 642, 2503, 637, 3973, 365, 2103, 927, 6664, 636, 6324, 818, 6544, 205, 0764, 603, 2974,218,3784, 504, 9064, 274, 0004, 560, 6224, 956, 0095,823,0105,195,4405,161,1294, 967, 2024, 247, 069
13,327,968
Ratios.
Per ct6.25.44 .84.46.65.65.36.0
! 6.04.63.74.08.74.04.08.03.74 .14 .24 .15.75.65.95.95.85.64 .13.5a 43.94 .55.1
4.4
*The capital is for various ditcs, the amounts at a uniform date in each year not being obtainable,t Yearly averages for thirty-two years. \ Totals for thirty-two years.
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 53
The total amount of transactions for the thirty-two years given in thetable is $744,695,238,867, and the annual average is $23,271,726,214.
The clearing-house transactions of the assistant treasurer of theUnited States at New York for the year ending October 1, 1885, wereas follows :
Exchanges received from clearing-house $259,935,584 08Exchanges delivered to clearing-house 114,051,016 05
Balances paid to clearing-house 146,724,869 08Balances received from clearing-house 840, 301 05
Showing that the amount paid by the assistant treasurer to the clear-ing-house was in excess of the amount received by him 145, 884,568 03
A table compiled from statements made by the New York clearing-house, giving the clearances and balances weekly from September 4,1880, to October 31, 1885, inclusive, will be found in the Appendix, andis valuable for purposes of comparison.
The following interesting table has been copied from the Commercialand Financial Chronicle of New York City, of November 7, 1885, whichgives information concerning the exchanges at New York and othercities having clearing houses for the week ending October 31, compar-ing them with those for the corresponding week in 1881:, and showingthe percentage of differences. The exchanges at the same places for themonth ending October 31, 1885, are also given with the percentage ofdifferences resulting from a comparison with the exchanges for the samemonth of the previous year:
Week. October.
New YorkBostonChicago.PhiladelphiaSaint LouisSau Francisco.....New OrleansBaltimoreCincinnati.PittsburghProvidenceKansas CiiyMilwaukeeLouisvilleDetroit...Cleveland . . .MemphisHartfordColumbusIndianapolisPortland ..PeoriaWorcester ..SpringfieldSaint JosephLowell..
Total
Owtsidc New York.
1885. 1884.
$605,76,48,47,13,11,10,10,8,7,5,4,4,3,2,
Percent. 1885.
$458, 532, 56858.811,46844,515,79239, 828, 33712, 918. 5751.3, 3(55, 680
8, 477, 67311, 577, 6588, 062, 2508,461,6994,498,700 !3,602,645 I3,702,453 j3,289,468 j
2,61)0,5221,881,996 !1,385,609 i1,173,465 j1,192,532 !1,355,327 j1,023,975 i
776,746 j808,300 i6f>3,389 !579,131 !456,011 |
+ 51.6+ 30.9+ 9.6+18. 9+ 5. 8—13.9+ 26. 9—10.7+ 1.9—12.5+24. 0+-32.4 i+ 20.9 !+ 17.5 :+ 9.6+13.9 i+ 14.2+30.7 !+ 16.3 i+ 3.2+ 1.4+20.6 '— i. 6 ;+ 9.2+ 9. 8—10.3 i
$3,189,342,234,236,66,5L,40,52,41,32,22,25,18,19,14,9,6,8,6,6,4,4,4,3,3,2,
746,196121,551770, 623905, 761532, 755609, 656349, 600164, 929952, 425765. 984813, 0000X5, 652691,227467,445591, 498858,182595, 745301. 504505, 282053, 829544, 266454, 202459,517409, 539323, 586351,427
5,370,856,125288, 641, 009204, 712, 276208, 220, 03263, 474, 95954,162,81638, 420, 30057,616,44938, 736, 05037, 489, 98716, 674, 20017, 406, 42116, 330, 70716,211,38113, 279, 2779, 397, 9425, 500,1866, 254, 0036, 04K, 2655, 888, 1124,471,8684, 079, 3643, 766, 7393,291,3962,566,1632, 360, 967
964, 027, 168 j 693, 601, 969 j +39. 0 i 4, 449, 431, 381 | 3, 495, 856, 994
268,812,781 ! 235,069,401 ! +14.4 1, 259, 685,185 1,125, 000, 869
Percent.
+ 34.5+ 18.5+ 14.7+ 13.8+ 4. 8— 4.7+ 5.0— 9.5+ a. 3— 12.6+ 36.9+44.1+ 14.5+ 20.1+ 9.9+ 4.9+19. 9+32.7+ 7.6+ 2.8+ 1.6+ 9.2+ 18.4+ 3.8+ 29.5— 0.4
+27.3
The following table exhibits the transactions of clearing-houses lo-cated in twenty-nine cities for the year ending October 1, 1885, from
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64 REPORT OF THE COMPTROLLER OF THE CURRENCY.
official returns received by the manager of the New York clearing-house:
Clearing-houses.
New YorkBostonPhiladelphia .ChicagoSaint LouisBaltimoreSan FranciscoPittsburgh .. . .New Oilians .CincinnatiProvidenceLouisvilleMilwaukeeDetroitClevelandIndianapolis . . .Kansas City . . .HartfordNew Haven . . .ColumbusMemphisPeoriaWorcesterSpringfieldLowellSyracusePortlandOmaha,Saint Joseph . .
Exchanges-
250,791,305, 702,244, 194,248, 230.745, 577,090, 8o9,562, 040,358, 517,387, 485,439, 034,205, 575,208, 714,179, 437,134, <i50,101,305,
65, 2 !5,209, 335,
77, 495,54, 803,33, 632,67, 199,40, 554,37, 036,36, 754,22,403,
4407304061893233461838509000000001209530062823399L55266375172603339926866L4
24, 372, 02244, 786, 547
New.33, 784, 703
Balances.
37,770,110,819
$1, 295, 355, 252442,972,332215, 464, 080257, 588, 370122, 057, 23776, 623, 87796,150, 78774, 460, 99146,712,200
No record.No record.49, 794, 20931,907,46323, 849, 499
No record.10, 936, 13433, 309, 05523, 484, 96012, 542, 68610, 905, 25810, 008, 33211, :<70, 21711,358,66410, 396, 2308, 578, 9295, 675, 2608, 556, 421
New.9, 510, 485
2, 905, 629, 837
From the above table it will be seen that the exchanges in New YorkCity amounted to 66.8 per cent, of the whole sum, and the balances inthat city were nearly 44.6 per ceut. of the total balances.
CLEARING-HOUSE CERTIFICATES.
Section 5192 Revised Statutes, provides that clearing-house certifi-cates representing specie or lawful money specially deposited for thepurposes of any clearing house association, shall also be deemed to belawful money in the possession of any association belonging to suchclearinghouse holding and owning such certificates; and section 5193provides that the Secretary of the Treasury may receive United Statesnotes on deposit, without interest, from any national banking associa-tion, in sums not less than $10,000, and issue certificates therefor indenominations of not less than $5,000, which certificates may be countedas part of the lawful money reserve, and may be accepted in the set-tlement of clearing-house balances at the places where the depositstherefor were made.
The legal-tender note certificates were first issued in the fiscal year1873. On June 30, 1875, there were outstanding $59,045,000 of thesecertificates, of which the national banks held $47,310,000. On June 30,1876, the amount outstanding was $33,140,000, of which the banks held$27,955,000. On June 30, 1879, the amount had been reduced to. $29,-330,000, and the banks held on June 14 of the same year $25,180,000.The amount outstanding on September 30, 1885, was $23,185,000, andthe national banks held on that day $18,800,000. The issue of the goldcertificates was authorized by the fifth section of the act of March 3,18(33, and they were used for clearing-house purposes soon after thepassage of the national bank act.
The first issue was made on November 13, 1865. On June 30, 1875,Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 55
there were outstanding $21,79fi,300, of which the national banks in NewYork City held $12,642,180. The issue of these certificates was discon-tinued on December 1,1878, and the amount outstanding had decreasedon Jane 30, 1879, to $15,413,700, and on October 1, 1880, to $7,480,100.The amount outstanding on October 3, 1882, was $4,907,440, of whichthe national banks held $1,594,300. The issue of gold certificates hav-ing been discontinued by the Government, and the amount of gold coinhaving rapidly increased, the banks in New York found it necessary to es-tablish a depository of gold coin for the convenience of the clearing-house. This depository at the present time is the Bank of America, bywhich bank certificates of deposit were first issued on October 14,1879.The amount of such certificates outstanding on January 1, 1880, was$25,610,000, and on October 1, 1883, was $22,955,000.' The largestamount of coin on deposit was on January 21, 1882, viz, $45,330,000^.the capacity of the vault having been increased since 1880. Of thisamount the national banks of N"ew York City held on October 2; 1883,.$20,345,000; on September 30, 1884, $15,123,000; and on October 1,1885, $16,094,000.
These banks on the same date held of gold Treasury certificates is-sued under the acts of March 3, 1863, and July 12, 1882, $62,249,740.The act of February 28, 1878, authorized any holder of silver dollars ofthe weight of 412^ grains troy of standard silver to deposit the samewith the Treasurer or any assistant treasurer of the United States insums not less than $10, and receive therefor certificates of not less than$10 each, corresponding with the denomination of the United Statesnotes. It required that the coin deposited or representing the certificates should be retained in the Treasury for the payment of the sameon demand, and that said certificates should be receivable for customs^taxes, and all public dues, and also authorized their reissue.
The New York Clearing-House Association issued daring July andiAugust, 1885, clearing-house certificates .based upon fractional silverspecially deposited for such purpose, and on October 1, 1885, the na-tional banks of New York City held $4,825,000 of these certificates.*
It would appear that these certificates could b(3 legally held if desiredas a portion of the lawful money reserve of national banks, undersection 5192 of the Revised Statutes of the United States, which pro-vides, as heretofore stated, that clearing house certificates representing"specie or lawful money, specially deposited for the purpose in the clear-ing-house association, shall be deemed lawful money. The fractionalsilver coin represented by these certificates could also be converted intolawful money at any time, as they are redeemable in lawful money ofthe United States on presentation at the Treasury.
Section 12, act of July 12, 188J, provides that the Secretary of theTreasury is authorized and directed to receive deposits of gold coinwith the Treasurer or assistant treasurers of the United Scates insums not less than $20, and to issue certificates therefor in denomina-tions of not less than $20 each, corresponding with the denominationsof United States notes. The coin deposited for or representing thecertificates of deposit shall be retained in the Treasury for the paymentof the same on demand. Said certi ficates shall be receivable for customs,taxes, and all public dues, and when so received may be reissued; andsuch certificates, as also silver certificates, when held by any nationalbanking association, shall be counted as part of its lawful reserve, andno national banking association shall be a member of any clearing house
* These certificates were retired during the month of November, the fractionalcoin which they represented having been presented and redeemed in lawful money.
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56 REPORT OF THE COMPTROLLER OF THE CURRENCY.
in which such certificates shall not be receivable in the settlement ofclearing-house balances.
The amount of silver certificates on November 1.1885, was $125,053,-286, and the amount held by the Treasury was $31,906,514, leaving theamount outstanding $93,146,772.
The amount of gold certificates on November 1,1885, was $140,136,610,and the amount held by the Treasury was $31,115,850, leaving theamount outstanding $109,020,760.
On October 1, 1885, the national banks held $2,274,6~>0 of silver cer-tificates, and $72,986,340 of gold certificates, issued under the acts ofMarch 3, 1863, and July 12, 1882.
In addition to the certificates heretofore mentioned, the nationalbanks of New York City held on October 1, 1885, $1,945,000 clearing-house loan certificates, issued in pursuance of resolutions adopted May14, 1884, to the Metropolitan National Bank, now in liquidation, andState banks in New York City held $735,000, the total outstanding onthat date being $2,680,000. On the 13th of October $130,000 of thesecertificates were paid by the Metropolitan* National Bank, leavingthe aggregate amount outstanding on that date $2,550,000. Thesecertificates are secured by a deposit in trust of certain securities and billsreceivable with the loan committee of the New York Clearing-HouseAssociation, and bear interest at the rate of 5 per cent, per annum. Theyarecarried by the associated banks among their loans, and were in ore fullydescribed in the report of this office for the year 1884, pages 36 and 37.
RESERVE.
The following table exhibits the amount of net deposits and there-serve required thereon by the act of June 20, 1874, together with theamount and classification of reserve held by the national banks in NewYork City, in the other reserve cities, and by the remaining banks, at.the dates of their reports in October of each year from 1875 to 1883,on September 30, 1884, and on October 1, 1885 :
NEW YORK CITY.
Oct. 1,1875..Oct. 2, 1876..Oct. 1, 1877..Oct. 1, 1878Oct. 2, 1879..Oct. 1, 1880Oct. 1, 1881..Oct. 3, 1882..Oct. 2, 1883..Sept. 30, 1884Oct. 1, 1885..
Reserve held.! Nnm- i
Oct. 1, 1875Oct. 2, 1876..Oct. 1, 1877Oct. 1, 1878..Oct 2, 1879..Oct. 1, 1880..Oct. 1, 1881..Oct. 3, 1882..Oct. 2, 1883Sept. 30,1884.Oct. 1, 1885..
Net de- j Reserve Jposits. | required. j A m o u u t
".'IMillions.
202. 3197.9174.9189.8210 2268.1268. 8254.0266. 9255.0312. 9
Millions. !Millions.60. 560.748.1f.O. 953. 170.662.;")64.470.890.8
115.7
50.6 I49.5 I43.747.452.667.067.263. 566.763.7 i78.2
Classification of reserve.
Ratio <odeposits.
Per cent. Millions.29.930.7 j27.526.8 I25.3 '26.4 i23. 3 !25.426. 535.6 !37.0 I
ions.5.0
14.613.013. 319.458.750.644.550.363. i91.5
Other law-ful money.
Millions.54.445.334.336.532.611.010.918.919.727.023.7
Due fromagents.
Millions.
"Redemp-tion fund.
Million*.1.10.80.81.11.10.91.01.00.90.70.5
OTHER RESERVE CITIES.
188189188184181184189193200203203
223. 92L7.0204.1199.9268.8289.4335.4318.8323. 9307.9364. 5
56.054.251.050.057.272.483.979.78 L 077.091.1
74.576.167.371.183. 5
105. 2100.889.1
100.699.0
122.2
33.335.133.033. 636.536. 230.028.031. 132. 233.5
1.54.05.69.4
11.328.334.628. 326.330. 342.0
37.137.134.329.433.025.021.924.130.133.334.9
32.332. 024.429.135.748.240.633.240.832.342.4
3.63.03.03.23.53.73.73.53.43.1
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 57S T A T E S AND T E R R I T O R I E S .
Oct. 1,1875Oct. 2,1876 . . . .Oot 1,1877Oct. 1,1878... .Oct. 2,1879Oct. 1, 1880.Oc t 1,1881Oct. 3,1882Oct. 2,1883 . . .Sept. 30, 1884 . .Oct. 1,1885
Oct. 1,1875. . . .Oct. 2,1876. . .Oct. 1,1877Oct. 1,1878. . . .Oct. 2,1879. . . .Oct. 1,1880 . . .Oct. 1, 1881Oct, 3,1882Oct. 2,1883 . . .Sept. 30. 1884 . .Oct. 1,1885
1,8511,8531,8451, 8221,8201,8591,8952,0262, 2o32,4172, 467
2, 0872,0892,0802, 0532,0482.0902, 1322, 2G92. 5012, (5642, 714
307. 9291.7290.1289.1329. 9410. 5507. 2545. 8577. 9535. S570. 8
734.1706.6669. 1678.8768.9968.0
1, 111.61,118.61,168.71, 098. 71, 248. 2
46. 343.843.643.449.561.676.181.986.780.485. 6
152. 2147.5138. 3140.8159. 3201.0227.2225.1234. 4221. 1254. 9
1 100.199.995.4
i 106.1I 124.3! 147.2! 1.<K 3• 150.4
157.5156. 3177. 5
SUM.M
235.1236. 7210.8228. 1260. 9323. 0321.6303. 9328. 9346. 1415. 4
32.534.332. 936.737.735.831.227.527.229. 231. 1
ARY.
32. 033.531.533.633. 93.1 428.927. 228.131.633.3
1.62.74.28.0
11.521.227.530.031.235.241.5
8.121 322.830.742. 2
108.2112.7102. 8107. 8128.6175. 0
33.731.031.631.130.328.327.130.030.830.929.9
125.2113.4100. 297.095.964.359. 972.080.691.288. 5
53.355.448.956.071.386.492.480.184.179.795. 9
85.687.473.385.1
107.0134. 6133.0113.3124.9112.0138.3
11.610.810.711.011.211.311.411.311.310. §io. a
10.214.614.515.315.815.916.115.815.«14,313.6
The following table, compiled from returns made to the clearing-houseby the national banks in New York City, exhibits the movement of theirreserve, weekly, during October, for the last nine years:
Week ending— Specie.
October 7, 1876October 14, 187oOctober 21.1876October 28, 1870October 6, 1877October 13, 1877October 20, 1877October 27, 1877October 5, 1878October 12, 1878 .October 19. 1878 ..October 26,' 1878...October 4, 1879.October 11 1879October 18, 1879October 25, 1879October 2, 1880October 9, 1880October 16, 1880October 23,1880October 30,1880October 1, 1881October 8,1881.October 15,1881.October 22,1881October 29,1881October 7,1882October 14,1882October 21,1882October 28, 1882October 6,1883October 13, 1883October 20,1883October 27, 1883October 4, 1884October 11,1884October 18,1884October 25,1884October 3, 1885October 10, 1885October 17, 1885October 24, 1885October 30,1885...
$17, 6^2.16,233,15,577,14.011,14, 665,14, 726,14, 087,15,209,14, 995,12. 184,13,531,17, 384.18, 979,20, 901,24, 680,25, 63(5,59, 823,62, 521,62, 760,60, 888,61,471,54, 954,53, 287,51,008,54, 016,55,961,
600 ;600 if>00600 !600 j500400 !000 I800 i600 j400 I200 !600 j800 !
5oo:ooo :700 1300 :600200 -600600900300200
47, 016,48, 281,49,518,48, 374,51, 586,50, 894,47, 2152,46, 372,67,470,68, 922,67, 579,67, 638,92, 351,93, 642,91,945,87, 309,84, 954,
000000200200 ;700 !000 ;900 ;8()0600 !500 i400 I000 |600 !500 !300 i100 ;
600 I
Legal-tend-ers.
$45, 535, 600 i43, 0()4, 600 I41,421,700 !41,615,600 |315, 168,300 i35, 178, 900 !35,101,700 |34,367,800 j38,304,900 !37,685, 100 |36,576,000 I35, 090, 500 i34, 308, 000 !32, 82l), 300 !29,305.200 |26.713.9U0 i11, 129, 10010, 785, 00010, 939, 20010, 988, 20010, 925, 00012,150,400 i12,153,800 !12,452,700 I12,496, 50012, 947, 90018, 384, 50018, 002, 70017, 023, 90017, 204, 70020,122, 50021, 145,80020,719,70020,617,60025, 817, 30027,654,10027, 875. 50027, 354, 20024,516,60023, 002, 00022,221, 10021,059,80021, 874, 900
Total.
$03, 218, 20059 238, 20056, 999, 20055, 657, 20050, 833, 90049, 905, 40049, 189,10049, 571), S0053, 300, 70049, 869, 70050, 107, 40053, 074, 70053, 347, 60053, 722,10053, 991, 70052, 349, 90070, 952, 80073, 306, 30073, 699, 80071, 876, 40072, 396, 60067, 105, 00065,441,70063, 461, 00066,512,70068, 909,10065, 400, 50066, 283, 70066, 542, 10065, 578, 90071, 709, 20072, 039, 80067, 982, 6006Q, 990, 40093, 237. 90096, 576, 60095,454, 90094, 992, 200
116,868,200116,644,500114,166, 400108, 368, 900106, 829, 500
Ratio of reserve to—
Circula-tion and
! deposits.
Per cent30. 528.827.828.027.026.720.526.825.724.424.725.823.323.423.523.025. 425.425.524.825 023.123.123.224.625.624.024.725.024.825.525.424.524.534. 535.234.834.636.035.834.933.533.0
Deposits.
Per cent.32.431.130.030.329.529.229.029.428.427.027.328.525.825.926.125.526.427. a27.126. 626.724.824.925. Q26.627.426. 326.626.826.527.026.825.925.936.336.936.536.337.137.036.034.534.1
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58 REPORT OF THE COMPTROLLER OF THE CURRENCY.
UNITED STATES LEOAL-TENDER NOTES AND NATIONAL-BANK CIR-CULATION.
The acts of Febuary 25, 1862, July 11, 1862, and March 3, 1863, eachauthorize the issue of 150 millions of dollars of legal-tender notes, makingan aggregate of 450 millions of dollars.
On February 3, 1864, the amount of such notes outstanding was$449,479,222, which was the highest amount outstanding at any onetime. The act of June 30, 1864, provided that the total amount of UnitedStates notes issued, or to be issued, should not exceed 400 millions ofdollars, and such additional sum, not exceeding 50 millions, as mightbe temporarily required for the redemption of temporary loans.
By the act of June 20, 1874, the maximum amount was fixed at 382millions. Section 3, act of January 14, 1875, authorized an increase ofthe circulation of national banks in accordance with existing law, with-out respect to the limit previously existing, and required the Secretaryof the Treasury to retire legal tender notes, to an amount equal to 80per cent, of the national bank notes thereafter issued, until the amountof such legal-tender notes outstanding should be 300 millions and nomore. Under the operations of this act $35,31.8,984 of legal-tendernotes were retired, leaving the amount in circulation on May 31, 1878,the date of the repeal of the act, $346,681,016, which is the amount out-standing.
In the following table are given the amounts and kinds of the out-standing currency of the United States, and of the national banks onJanuary 1, of each year, from 1866 to 1885, and on November 1, 1885,to which is prefixed the amount on August 31, 1865, when the publicdebt reached its maximum.
Date.
Ang.31,1865Jan . 1, 1866 .J an . 1,1867 .Jan . 1,1868 .Jan . 1,1869 .Jan . 1, 1870 .Jan . 1,1871 .Jan . 1,1872 .Jan . 1,1873 .Jan. 1,1874 .Jan . 1, 1875Jan . 1,1876 .Jan . 1,1877 .Jan. 1, 1878 .Jan . 1.1879 .Jan . 1,1880 .Jan . 1, 1881 .J a n 1,1882 .Jan . 1, 1883 .Jan . 1,1884 .Jan . 1, 1885 .Nov. 1,1885
•
United States issues.
Legal-tendernotes.
$432,553,912425, 839, 319380,276,160356, 000, 000356,000,000356, 000, 00035H, 000, 000357, 500, 000358, 557, 907378,401,702382, 000, 000371,827,220366, 055, 084349, 943, 776346,681,016346,681,016346,681,016346.681,016346,681,016346, 68i,016346,681,016346,681,016
Old
notes.
$402. 905392, 670221,63-2159, 127128, 098113, 098101,08692,80184, 38779, 63772,31769, 64265, 46263, 53262, 0:<561,35060, 74559, 92059, 29558, 68058, 24057, 825
Fractional
$26, 344, 74226, 000, 42028,732,81231,597,58334,215,71539. 762, 66439, 995, 08940, 767, 87745, 722, 06148 544, 79246, 390, 59844,147,07226, 348, 20617, 764,10916, 108, 15915,674,30415, 523, 46415, 451, 86115, 398, 00815,365,36215, 347, 27715, 337, 096
Notesof national
banks, includ-ing goldnotes.
$176, 213, 955236, 636, 09829S, 588, 419299, 846, 206299, 747, 569299, 629, 322306, 307. 672328,465,431344,582,812350, 848, 236354, 128,250346,479,756321,595,606321, 672, 505323,791,674342, 387, 336344, 355, 203362,421,988361,882,791349, 949, 352329,158, 623
*315, 847,168
Aggregate.
$635,515,574688, 867, 907707, 819, 023687, 602, 916690,091,382695, 505, 084702, 403, 847726, 826, 109748, 947,167777, 874, 367782,591, 165762, 523, 690714,064,358689. 443. 92268(3, 642, 884704, 804, 006706, 620, 428724, 614, 785724,021,110712,054,410691,245,156677, 923,105
Currencyprice of
$100 gold.
$144 25144 50133 00133 25135 00120 00110 75109 50112 00110 25112 50112 75107 00102 87100 00100 00100 00100 00100 00100 00100 00100 00
Goldprice of
$100 cur-rency,.
$69 3269 2075 1875 0474 0783 3300 2991 3289 2890 70
• 88 8988 6993 4697 21
100 00100 00100 00100 00100 00100 00100 00100 00
* Includes .15384,269 notes of gold banks and $568,081 mutilated currency in transit.
The act of June 20. 1874, provided that any national banking asso-ciation might withdraw its circulating notes upon the deposit of lawfulmoney with the Treasurer of the United States, in sums of not less than$9,000. Under this act, and on account of liquidating and insolventbanks, and under the act of July 12, 1882, which provides for a depositof lawful money to retire the old circulation of national banks whosecorporate existence has been extended, $239,347,068 of lawful money
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EEPORT OF THE COMPTROLLER OF THE CURRENCY. 59
has been deposited with the Treasurer. This includes $2,663,720 forthe redemption of the notes of national gold banks, and $1.4, L25,820 forthe redemption of national-bank notes under section G of the act of July12, 1882. Since June 20, 1874, $203,017,704 of bank notes have beenredeemed, destroyed, and retired. This includes $2,279,45L of thenotes of national g'old banks and $4,425,025 of the notes of nationalbanks whose corporate existence has been extended under the act ofJuly 12, 1882.
The following table shows by States the amount of additional circu-lation issued during the year ending October 31, 1885, and the totalamount of such circulation issued since June 20, 1874. It also showsthe amount of circulation retired during the year, and the total amountretired since June 20, 1874:
States and Territories.Additional jcirculation
Circulation retired.
issued. A c t j u n e 20, Liquidatingbanks.
MaineNew Hampshire .VermontMassachusettsRhode IslandConnecticutNew YorkNew JerseyPennsylvania. [DelawareMaryland . , -District ot Columbia . . .Virgin ia —"West VirginiaNorth Caroli uaSouth Carolina .GeorgiaFloridaAlabamaMississippiLouisianaTexasArkansas .. .KentuckyTennesseeMissouriOhioIndianaIllinoisMichiganWisconsinIowa ,Minnesota .Kansas ....NebraskaNevadaOregon(ColoradoUtahIdahoMontana ....Wy 0111 ingNew Mexico1 )akota .• „..WashingtonArizonaCalifornia '' currency "
$304,750 !150 !
158,220026, 24057, 360
149, 0U01,687,810
398, 7601,107,950
49, 500150,500
45. 00019. 31045, 000
18, 90049, 50090, 00033, 740225,800 |191,880117,000126, 54022, 490
308, 2401, 598, 920
874, 650649,010374, 980123, 270177.75050, 850
291, S40173, 320
29.25083; 19045, 000
Surrendered to this office and retired
36, 00011,200
103,470101, 250
135,010
11,142,650
$69,10036, 6H0
218,5703, 928, 665
7(33,110386, 733
3,457,210718, 650
1, 664, 4904, 100
513, 75010, 790
.220, 07061. 830
116, 5003(i, 74591,720
71,5205, 360
188, 470200, 080is, no
561. 060163. 100333, 645
1, 662, 250494, 450763, 670385, 89017>, 4^0588,«801F9.41090,01059, 580
58,40
142,
18, 746,
$164, 49569, 170
329, 8461, 765. 957
31,611 |248,656 i
1,9(18.677 {196,442
1,074,609 !
6,740 !3, 628 '
75, 8535, 034
22, 525
7,449
23, 45215
4,3457, 5809,740
92, 482119,09357,371
1,107, 123771, 032414,714370, 638139, 994176, 026129, 626 |21,468 I42,823
,130 |
""" 43,"631' i1,064 |
3,280 |
15,242 j6,410 !
11,370 |22,250 :
9, 570, 591 |
Total.
$233, 5951<)5, 850548, 416
5, 694, 622794, 721635, 389
5, 425, 887915, 092
2, 739, 0994, 100
520, 49014, 418
295, 92369. 864
139, 02536, 74599,169
94, 9725, 375
192,815208,21a
24, 850653. 542282, 193391,016
2, 769, 2731, 265, 4821,178,384
765, 528315,454764, 706319, 036111.478102. 403
1304, 000
113, 62157, 36424, 82069, 0409, 250
22,21073, 81746, 82013, 870
105, 020
From .June 20, 1874, to October 31, 1884 jSurrendered to this office same dates j
I 18. 746,170,074,049 I 140,163,
9,570,591 !32, 857, 909 j
28, 317,184375, 630
28, 692, 814173, 021, 127
13, 878, 309
Grand total. 181,216,0*99 158,909,811 42,428,500 I 215,592,250
In the above table gold notes are excluded.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
fiO REPORT OF THE COMPTROLLER OF THE CURRENCY.
The amount of additional circulation issued to national banks forthe year ending November 1,1885, was $11,142,650, including $4,297,400issued to banks organized during the year.
During the year ending November 1,1885, lawful money to the amountof $2<>,219,810 was deposited with the Treasurer to retire circulation, ofwhich amount $8,457,295 was deposited by banks in liquidation, $7,772,-165 by banks reducing circulation, under the act of June 20, 1874, and$9,990,350 by banks retiring old circulation, under the act of July 12,1882.The amount previously deposited under the acts of June 20, 1874, andJuly 12, 1882, was $171,368,662; by banks in liquidation, $53,339,686;making a total of $250,928,158. Deducting from the total the amountof circulatingnotes redeemed and destroyed without reissue, $211,769,448,there remained in the hands of the Treasurer on November 1, 1884,$39,158,710 of lawful money for the redemption and retirement of bankcirculation.
The portion of lawful money on deposit by insolvent banks, by banksin voluntary liquidation, and by banks reducing or retiring their circu-lation on the first of each of the last live months was as follows:
.Insolvent bnnlisLiquidating banksReducing under act of June 20,1874Retiring under act of\Julyl2,1882
Totals
July 1.
$745, 78913, 569, 28619, 784, 2955, 003, 783
39,103,153
August 1.
$698, 58413, 796, 6G618, 099, 950
5, 889,173
39, 084, 373
September 1.
$715, 20313, 774,24218, 029, 1106, 685, 023
39, 203, 578
October 1.
$683, 34313, 565, 14317, 443, 820
8,181, 837
39, 874,143
Novembe* 1.
$584, 96012, 778, 01016, 095, 5459, 700,195
*39,158, 710
*Does not include $384,269 on deposit to retire notes of gold banks.
DENOMINATIONS OF PAPER CIRCULATION OF THE UNITED STATES, THHIMPERIAL BANK OF GERMANY, THE #ANK OF FRANCE, AND THE BANKOF ENGLAND.
In accordance with the law, no national-bank notes of a less denomina-tion than five dollars have been issued since January 1,1879, when theamount outstanding was $7,718,747. Since that date the amount of onesand twos issued by the thinks lias been reduced $7,283,033, leaving theamount outstanding1 on November 1, 1885, $435,714, and during thesame period the legal-tender notes of these denominations have beenincreased $5,645,960. The total decrease of the amount of ones andtwos outstanding in national-bank ami legal tender notes is $1,637,073.
The following table exhibits by denominations the amount of national-bank and legal-tender notes outstanding ou October 31,1885, and theaggregate amounts of both kinds of notes at the same periods in 1883and 1884:
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 61
Denominations.
TwosFivesTensTwentiesFiftiesOne hundredsFive hundredsOne thousandsFive thousandsTen thousandsAdd for unredeemed fragments of
national-bank notes ,Deduct for legal-tender notes de-
stroyed in Chicago fire
Total.
1885. 1884.
National -bank notes.
$435, 714237, 284
81, 956, 670104,211,29075, 087, 52020, 638, 55031, 576, 400
59S, 500131, 000
+21, 890
*314,894, 818
Legal-tender
$22, 703. 45923, 235,13684, 008, 27971, 003, 39056, 941, 26722, 896, 59529, 645, 39015,152, 00021, 910, 500
95, 00030, 000
- 1 , 000, 000
346, 681, 016
Aggregate .
$23,139,17323, 472, 420
166, 024, 949175,214,680137, 028, 787
43, 535,14561,221.79015, 7;.O, 50022, 041, 500
95, 00030, 000
+21.890
-1,000,000
661, 575, 834
Aggregate,
$27, 258, 83927, 067, 206
163, 363, 205180,491,886135,277,08944, 617, 04566,170, 69016, 063, 50019, 659, 500
105, 00060, 000
+20, 749
-1,000,000
679,154, 709
1883
Aggregate.
$30, 785, 26527, 510,196
164, 517, 620189, 275, 406142, 382, 46046, 278, 14565,991,59015, 895, 50015, 429, 500
255, 000
120, 000
+ 19,761
— 1, 000, 000
697, 460, 452
* Exclusive of $568,081 due to banks for mutilated notes destroyed and to be replaced by new notesand of $384,269 notes of gold banks.
The amount of one and two dollar national-bank notes outstandingis a little more than one-fifth of 1 per cent, of the whole circulation ofthe banks ; the fives constitute 26 per cent., the tens 33 per cent., thetwenties 23.8 per cent., and the fifties and larger notes about 17 percent, of the entire circulation.
Of the entire amount of national-bank and legal-tender notes out-standing, about 7 per cent, consists of one and two dollar notes; nearly32.2 per cent, of ones, twos, and fives, 58.6 per cent, is in notes of a lessdenomination than $20, and about 78.6 per cent, is in notes of a lowerdenomination than $50. Of the entire issue, about 21.5 per cent, is indenominations of fifties, one hundreds, five hundreds, and one thousands.
There are outstanding nineteen legal-tender notes, of the denomina-tion of $5,000, and three notes of the denomination of $10,000.
The following table* exhibits by denominations the circulation of theImperial Bank of Germany on December 31,1884, in thalers and marks,which have been converted into our currency.
Thalers. Marks.
dumber ofnotes.
762, 0001, 643£8,3028, 675*
20,697
Denomina-tions.
Thalers.500100
502510
Value ofeach note in
dollars.
$375 0075 0037 5018 757 50
Amount indollars (tha-
ler = 75cents).
$28, 500150, 00061, 631
155, 66265, 066
460 859
Number ofnotes.
206, 959£128, 771
5, 209, 448
Denomina-tions.
Value ofeach note in
dollars.
Amount indollars (mark
=25 cents).
Marks:1,000
500100
$25012525
5, 605,1
$66, 739, 87516, 096, 375
130,236,20«
213, 072,450
The circulation of the Imperial Bank of Germany on January 1,1885, was $213,534,250, showing an iucrease of $5,751,656 over that of
f LoDdon Bankers' Magazine, October, 1885, page 946.
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62 REPORT OF THE COMPTROLLER OF THE CURRENCY.
the preceding year, although there was on an average $1,085,000 lessin circulation than the average of the previous year. On January 1,1880, the circulation was $198,201,144, and during the past five yearsthe increase has averaged about $10,000,000.
The following table* gives the circulation of the Bank of France andits branches, with the number of notes and the denominations in francsand in dollars on January 1,1885 :
Number of notes.
51,186, 638
589, 7812,619
12, 446, 4994, 931, 340
20, 859150, 046167,163
1,200
19, 496,150
Denominations(francs).
5,0001,000
5002001005025205
Forms out of date.
Value of each notein dollars.
$1, 000200100402010541
Amount in francs.
25, 0001,186, 638, 000
294,890 500523, 800
1, 244, 649, 900246, 567, 000
521, 4753, 000, 925
835, 815420,175
2, 978, 072, 590
Amount in dollars(francs = 20 cents).
$5, 000237, 327, 600
58, 978,100104,760
248, 929, 98049,313,400
104, 295600,185167,16384, 035
595, 614, 518
The amount of circulation of the Bank of France on January 1, 1884,was 3,161,804,536 francs, or say $632,360,907, showing a decrease of183,731,946 francs, or $36,746,389, between that time and January 1,1885, the date of the foregoing table; and since January 30, 1879, anincrease of 687,101,760 francs, or $137,420,352.
It will be seen that the Imperial Bank of Germany has in circula-tion no notes of a less denomination than seven dollars and a half (10thalers), and issues none of less than $25 (100 marks), and that the Bankof France issues less than a million of dollars in value of notes of aless denomination than $10. The Bank of England issues no notes ofless than £5, or $25, and the Irish and Scotch banks none of less than£1, or $5.
DISTRIBUTION OF COIN AND PAPER CURRENCY.
In previous reports tables have been given showing the amount ofcoin and currency in the country and its distribution, the amount inthe Treasury, in the banks, and among the people on January 1, 1879,the date of the resumption of specie payments, and on November 1 ofeach of the last four years preceding the date of this report. Thesetables are again presented, the amounts on November 1, 1881, beingomitted, while those on November 1, 1885, are added. The amounts ofgold and silver in the country available for circulation are based uponthe estimates of the Director of the Mint for January 1, 1879. Theamounts of gold for the succeeding dates have been obtained by addingthe gold production of the country, less the amounts used in the arts,from estimates of the same officer, adding the excess of gold importa-tions during the year, or deducting the excess of gold exportations forthe same period, according to the reports of the Bureau of Statistics.The amounts of silver are obtained by adding for each year the amountof silver dollars and fractional silver coined, less amounts recoined.For the year 1885 the silver bullion purchased by the Government forcoinage and on baud on November 1 is included.
* London Bankers' Magazine, August, 1885, page 699
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REPORT OF THE COMPTROLLER OP THE CURRENCY. 63
For the year ending November 1,1885, the production of gold by themines of the United States is estimated to have been about $30,800,000During the period from November 1, 1884, to October 1, 1885, theamount of foreign and domestic gold coin and bullion imported in ex-cess of the amount exported has been $12,315,915, making an increasein the stock of gold in the country of §43,115,915. From this amountmust be deducted the amount estimated by the Director of the Mint tohave been used in the arts during the same period, $12,000,000, leaving$31,115,915 as the increase in the stock of gold coin and bullion in thecountry.
The total excess of imports of gold over exports of the same from thedate of resumption to October 1, 1885, has been $178,028,043, and thetotal estimated gold product of the mines of the United States for thesame period has been about $222,525,000. The total amount of standardsilver dollars coined during the year ending November 1,1885, has been$28,528,002; of subsidiary silver coin, $195,977; and there was of sub-sidiary coin presented to the mint for recoinage $041,727, therebyreducing the amount of such coin $445,750. The total amount ofstandard silver dollars coined since the passage of the act of February28, 1878, authorizing that coinage, up to November 1, 1885, has been$213/259,431. The following table, based upon the estimates and fig-ures given above, shows the amount of coin and currency in the countryon January 1, 1879, and on November 1 of the years named:
Gold coin and bullionSilver coinLegal-tender notes ...National-bank notes.
Totals
January1,1879."
$278,310,126106, 573, 80:i346,681,010323, 791, 674
1,055,356,619
November1, 1882.
$547, 356, 262208, 744, 424346,681,016362, 727, 747
1, 465, 509, 449
November1,1883.
$581, 970, 254242,701,932346,681,016352, 013, 787
1, 523, 366, 989
November1,1884.
$585,611,872275, 735, 439346, 681,016333, 559, 813
1, 541, 588,140
November1,18S5.
*$586, 727, 787307, 658, 827346,681,0161315,847,168
1, 556, 914, 798
*In obtaining the amount of gold November 1, 1885, the estimated amount on November 1, 1884,has been reduced by $30,000,000, which amount the Director of the Mint has recently estimated wasused in the arts between July 1, 1873, and June 30, 1880, and was not deducted in the original estimatefor July 1, 1879.
tThe sum of $39,542,979 in lawful money has been deposited by the national banlts to retire cir-culation of a like amount which has not yet been presented for redemption.
Ttoere has been no change in the aggregate of legal-tender notes, whichstill remains as fixed by the act of May 31, 1878. National banknotes have decreased $17,712,645 during the year. The amounts of goldand silver have increased $31,115,915 and $31,923,388, respectively,and the total increase during the year in gold, silver, and currency was$45,326,658. The reduction of former estimates of gold by $30,000,000,as explained in foot-note, has apparently reduced the aggregate increaseof gold to $1,115,915, and the aggregate increase or both gold and silverto $33,039,303. The table below gives the portion of the gold, silver, andcurrency held by the United States Treasury and by the national and•State banks. The amounts in the United States Treasury are for thecorresponding dates with those in the preceding table. The amountsin the national banks are for the corresponding dates nearest theretoon which returns were made to the Comptroller, viz: January 1,1879, Oc-tober 3,1882, October 2, 1883, September 30, 1884, and October 1,1885.The amounts in the State banks, trust companies, and savings banks
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64 REPORT OF THE COMPTROLLER OF THE CURRENCY.
have been compiled in this office from official reports up to the datesnearest to those given in the table.
January 1, | November 1, November 1,1 D 7 O ! 1QOO ! 1UUO1879. 1882.
In the Treasury, l«ss certifi-cates
In national banks, includingcerticates
In State banks, including cer-tificates
Total goldSILVER.
In the Treasury, standard sil-ver dollars j
In the Treasury, bullionIn the Treasury, fractional coinIn national banks
$112, 703, 342 $148, 435, 473
35,039,201 j 94,127,324
10,937,812 ! 17,892,500
158,680,355 ! 260,455,297
1883.November 1,
1884.November 1,
1885.
$157, 353, 760
97, 570, 057
18, 255, 300
273,179,117 I 277, 784, 954
$134, 670, 790
117,185, 407
25, 928, 757
$142, 838, 589
161,657,121
31, 255, 789
335,251, 499
Total silverCURRENCY.
n the Treasury, less certifi-cates
In national banks, includingcertificates
In State banks, including cer-tificates
In savings banks
Total currency ..
Grand totals
17,249,740 j9,121,4176, 048,1946, 460, 557
92,414,9774, 012, 503
26, 749, 4828, 234, 739
116, 036, 450 | 142, 926, 725 | 163, 817, 842
38, 879, 908 131, 411, 701
44,425,655 j
126,491,720 |
26, 224, 248
92, 544, 767
25,944,485 ! 27,086,48214,513,779 I 14,724,978
211,375,639 j 160,580,475
408,935,902 j 552,447,473
16,036,4504, 936, 36526, 712, 42410, 247, 926
4,96,725 I4, 646, 49729, 346, 7578, 092, 557
3, 817, 8423, 840, 536
22, 965,5369,120,802
157, 933,165 j 185, 012, 536 j 199, 744, 216
30, 996, 217
103, 316, 809
28, 259, 06212,998,594
175,570,682 j 187,504,997
26, 258, 827
114,507,113
32,659,605 !14,079,452 j
606, 682, 964 I 650, 302, 487
27, 550, 841
111, 600, 884
39, 552, 01713, 423, 064
192,126, 306
727,122, 021
If the aggregates of gold, silver, and currency for the several datesin the above table be deducted from the amounts of the same items atcorresponding dates in the table which precedes it, the remainders willbe approximately the amounts in the hands of the people at correspond-ing dates.
Gf»ldSilverCurrency
Total
January 1,1879.
$119, 629, 77167, 693, 895
459, 097, 051
Novemberl , j November l .1881. 1882.
$256, 016, 82978, 377, 937
567, 445, 959
646,420,717 901,840,725
$286, 900, 96577, 332, 723
548, 828, 288
913, 061, 976
November 1,1883.
$308, 791,13784, 768, 767
523,124,121
916, 684, 025
Novemberl , November I,1884. 1885.
$307, 826, 91890, 722, 903
492, 735, 832
891, 285, 653
$251, 476, 288107, 914, 611470,401,878
*829, 792,777
* Included necessarily in these several amounts estimated in the hands of the people are large sumsheld by private bankers and such State banks and Tmst companies as do not make regular reports-
The gold in the Treasury, including bullion in the process of coinage,has increased during the year $7,667,799, and in the banks has increased$44,471,713. The paper currency in the Treasury has increased $1,291,514,and in the banks has decreased $2,906,229. The decrease of gold out-side of the Treasury and the banks has been $26,350,629, and in silvercoin there has been an increase of $14,240,831. The decrease of papercurrency, exclusive of silver certificates, has been $22,334,589. In theforegoing tables the silver certificates issued by the Treasury have notbeen included, but the standard silver dollars held for their redemption,form a portion of the silver coin in the Treasury. The silver certificatevS
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 65
in the hands of the people and the banks at the following dates were asfollows:January 1,1879 $413,360November 1, 1880 19,780,240November 1, 1881 58,838,770November 1,1882 65,620,450November 1,1883 85,334,381November 1,1884 100,741,562November 1,1885 93,146,772
It will be seen that the amount of these certificates in circulation hasdecreased $7,594,790 during the year.
The gold certificates issued under section 12 of the act of July 12,1882, outstanding in the hands of the people and banks on November1, 1882, November 1, 1883, November 1, 1884, and November 1, 1885,not including the amount in the Treasury, were $6,962,280, $48,869,940,$85,301,190, and $106,465,420, respectively.
SPECIE IN BANKS AND IN THE TREASURY OF THE UNITED STATES,AND ESTIMATED AMOUNT IN THE COUNTRY—SPECIE IN THE BANKOF ENGLAND AND IN THE BANK OF FRANCE.
The following table exhibits the amount of specie held by the na-tional banks at the dates of their reports for the last twelve years, thecoin and coin certificates held by the New York Gity banks being statedseparately:
Dates.
Sept. 12,1873..Dec. 26, J873..Feb. 27,1874..May 1,1874..June 26,1874..Oct. 2,1874..Dec. 31,1874..Mar. 1,1875..May 1,1875..June 30,1875..Oct. 1,1875..Dec. 17,1875..Mar. 10,1876..May 12,1876..June 30,1876..Oct. 2,1876..Dec. 22,1876..Jan. 20,1877..Apr. 14,1877..June 22,1877..Oct. 1,1877.Dec. 28,1877.Mar. 15,1878.May 1,1878.,June 29,1878.Oct. 1,1878.Dec. 6,1878.Jan. 1,1879.Apr. 4, 1879.June 14,1879.Oct. 2,1879.Dec. 12,1879.Feb. 21,1880.Apr. 23, 1880.June 11,1880.
Held by national banks in New York City.
Coin.
$1, 063, 210 551, 376,170 501, 167,820 091. 530, 282 101, 842, 525 001, 291, 780 561, 443, 215 421, 084, 555 54
930, 105 761, 023, 015 86
753, 904 90869, 436 72
3, 261,131 36832, 313 70
1, 214, 522 921,120, 814 341,434,701 831, 669, 284 941, 930, 725 591, 423, 258 171, 538, 486 471, 955, 746 202, 428, 797 442, 688, 092 061, 905, 705 221,779,792 434, 009, 299 015,421,552 495, 312, 966 906, 058, 472 347, 218, 967 69
20, 096, 249 6412, 252, 541 4412,595,720 4916, 682, 226 40
U. S. goldcertificates.
Clearing-housecertificates.
$13, 522, 60018, 325, 76023, 518, 64023, 454, 66013, 671, 66013,114, 48014, 410, 94010, 622, 1605, 753, 220
12, 642,1804, 201, 72012, £32, 81019, 086, 92015,183, 76016, 872, 78013, 446, 76021, 602, 90033, 629, 66013, 889,18010, 324, 32011, 409, 92019, L19, 08035, 003, 22025, 397, 64011, 954, 50011, 514, 81012, 277,18012, 739, 54412, 220, 94012, 291, 27012,130, 900
8, 366,1407, 464, 6506, 914, 2507, 810, 200
Total.
Held byother national
banks.
!$21, 569, 000 00| 35,855,000 00
25, 458, 000 00I 33, 337 000 00
$14, 585, 81019, 701, 93024, 686, 46024, 984, 94215, 514,18514, 406, 26615, 854, 15511,706,7156, 683, 325
13, 665,1954, 955, 62413, 402, 24622, 348, 05116, 016. 07318, 087, 30214, 576, 57423, 037, 60135, 298, 94415, 829, 90511, 747, 578
i 12,948,406'21, 074, 82637, 432, 01728, 085, 73213, 860, 20513, 294, 60216, 286, 47918,161, 09217, 533, 90618, 349, 74219, 349, 86750,031,38955, 572,19144, 967, 97057, 829, 426
$5, 282, 658 907, 205,107 088, 679, 403 497, 585, 027 166, 812, 022 276, 834, 678 676, 582, 605 624, 960, 390 633, 937, 035 885, 294, 386 443, 091, 704 833, 668, 659 186, 729, 294 495, 698, 520 667, 131,167 006, 785, 079 699, 962, 046 06
14, 410, 322 6 L11, 240,132 199, 588, 417 899,710,413 8411, 832, 924 5017, 290, 040 5817, 938, 024 0015, 391, 264 5517, 394, 004 1618, 068, 771 3523, 338, 664 83123, 614, 656 51|23, 983, 545 10122, 823, 873 5428, 081, d51 9533,869,860 3141, 461, 761 6241, 677, 078 86
Aggregate,
$19, 868, 469 4526, 907, 037 5833,365,863 5832, 569, 969 2622, 326, 207 2721, 240, 945 2322, 436, 761 0416, 667,106 1710,620,361 6418, 959, 582 308, 050, 329 73
17, 070, 905 9029, 077, 345 8521,714,594 3625, 218, 469 9221,361,654 0332, 999, 647 8940, 709, 267 5527, 070, 037 7821, 335, 996 06
j 22. 658, 820 31' 32; 907, 750 7054, 722, 058 0246, 023, 756 0629,251,469 77 '30, 688, 606 5934,352,250 3641, 499, 757 3241,148, 563 4142, 333, 287 4442,173, 731 2379,013,041 5989,442,051 7586, 429, 732 2199, 506, 505 26
5745 CUK-
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66 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Dates.
Oct.Dec.Mar.MayJuneOct.Dec.Mar.MayJulyOct.Dec.Mar.MayJuneOct.Dec.Mar.Apr.JuneSept.Dec.Mar.MayJulyOct.
1,1880.31, 1880.11,1881.6,1881.
30.1881.1, 1881.
31,1881.11.1882.19.1882.1,1882.3, 1882
10,1882.13, 1883.1,1883
22,1883.2,1883.
31, 1883.7,1884.
24,1884.20,1884.30,1884.20,1884.10,1885.6,1885.1,1885.1,1885.
Held by national banks in New York City.' ! Held by
other nationalCoin.
$16,104,855*2819,773,859 0115, 924, 683 9026, 242,108 6020, 822, 790 8715,317,168 0416,352,630 4917, 093, 447 3915, 541, 956 9314, 278, 290 7714,391,783 7410,811,726 6910, 060, 551 05
9, 891, 636 158,219,744 229, 388, 073 82
10,793,481 17'12, 948, 092 34
8. 929, 064 277, 466, 696 827, 296,178 39
11, 314, 080 5711, 802, 276 4811, 479, 763 8714,417,675 2511, 290, 427 74
U. S. gold !Clearing-housecertificates, certificates.
$7, 489, 7006, 709, 9004, 825, 3004, 625, 9004,513,4004, 486, 6004, 037, 6004, 075, 8004, 034, 3004, 005,1003, 908,100
17, 720,10010,813,32016,094,21026, 477, 76020, 541,10020,525,27021, 582, 06020, 093, 38020, 397, 59040,765,14044,193, 870 !61,114,080 i67,646,060 i65,400,390 j62,249,740 j
j$36,189,28,246,30, 809,34,176,41, 858,31,721,33, 852,29, 907,31,783,32, 854,26, 224,22, 020,21,818,21, 334,22,139,20, 345,21, 693,25, 912,20, 527,15, 690,15, 052,17,331,17, 579,17, 374,16,709,17, 914,
000 00000 00000 00000 00000 00000 00000 00000 00000 00000 00000 00000 00000 00000 00000 00000 00000 00
ooo oo000 00000 00000 00000 00000 00000 00000 00000 00
Total.
$59, 783, 555 3854, 729, 759 0151,558,983 9065, 044, 008 6067,194,190 8751, 524, 768 0454, 242, 230 4951, 076, 247 3951, 359, 256 9351,137, 390 7744, 523, 883 7450, 551, 826 6942,691,871 0547, 319, 846 1556, 836, 504 2250, 274,173 82
i 53,011,751 171 60, 442,152 34I 49, 549, 444 2743, 534, 286 8263,113,318 3972, 838, 950 5790, 495, 356 4896, 500, 023 8796, 52V, 065 25
; 91, 454,167 74
banks.
$49,562,954 1152, 443,141 9153, 597, 211 3657, 584, 553 48J61, 444, 736 63162, 809, 968 0859,438,409 11158, 907, 863 65!61, 056, 549 80;60,556,871 7758, 333, 894 5355,875,332 71'55, 270, 495 29'56, 287, 420 1758, 517, 890 40|57.543,809 7161, 274, 406 87:62, 637, 974 9965,195, 262 82,66,127, 395 29165, 496,156 34'66, 908,128 96176,620,517 19180, 933, 095 43181, 085, 426 7783, 418, 409 80
Aggregate.
$109,346,509 49107,172, 900 92105.156,195 26122. 628, 562 08128, 638, 927 50114,334,736 12113,680,639 60109, 984, 111 04112,415,806 73111, 694, 262 54102, 857, 778 271106, 427,159 4097, 962, 366 34103, 607, 266 32115, 354, 394 62107, 817, 983 53114, 276,158 04123, 080,127 33114,744,707 09109,661,682 11128, 609,474 73139, 747, 079 53167,115, 873 67177, 433,119 30177,612,492 02174, 872, 577 54
The amount of silver coin and silver certificates held by the nationalbanks on the dates given in the following table, were as follows:
Date.
October 1,1877October 1,1878October 2,1879October 1,1880October 1,1881Octobers, 1882October 2,1883September 30,1884.October 1,1885
Silver coin.
$3, 700, 7035, 392, 6284, 986, 4935, 330, 3575, 450, 3876, 466, 2157, 594, 8968, 092. 557*9,120, 802
SilverTreasury
certificates.
$1,165,1201, 662, 1801, 807, 6002, 653, 0303,331,5102, 274, 650
Total.
$6, 495, 4777,112, 5678, 273, 815
10, 247, 92611, 424, 06711, 395, 452
k This is composed of $6,322,832 standard dollars and $2,797,969.66 fractional silver.
The latest official reports of the State banks in New England, NewYork, New Jersey, Pennsylvania, Maryland, Virginia, South Carolina,Georgia, Louisiana, Texas, Ohio, Indiana, Michigan, Wisconsin, Iowa,Minnesota, Missouri, Colorado, and the Territory of Montana show thatthese banks held specie amounting to $20,132,864, of which the banksin New York City held $12,819,217.
The official returns from the State banks of California do not giveseparately the amount of coin held bj them; but it is estimated that thetotal cash reported, amounting to $11,122,925, consisted almost entirelyof coin. The amount of coin held by State banks in the States beforementioned, including California, was, therefore, $31,255,789.
The Director of the Mint, in his report for 1882, estimated the amountof coin in the country on June 30, 1882, at $700,455,545, of which$500,862,185 was gold and $199,573,360 was silver.
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 67
His estimate for the fiscal year ending June 30, 1885, is as follows:
United States coin. Gold. Silver. Totals.
Corrected circulation July 1, 1884 $521, 632, 442 $250, 617, 357 $772, 249, 799Tear's coinage j 24, 861,123Net imports .
Totals.
1, 006, 281
547, 499, 846
28,848,959 j535,449
53, 710, 0821, 541, 730
280,001,765 827,501,611
Less deposits for recoinage.Used in the arts
325, 2105, 000, 000
877, 564300, 000
Total loss . 5,325,210 | 1,177, 564
Circulation July 1, 1885 j • 542,174, 636 278, 824, 201
Net gain during the year | 20, 542,.194 28, 206, 844
1, 202, 7745, 300, 000
6, 502, 774
820, 998, 837
48, 749, C
From July 1,1885, to November 1,1885, there has been coined $8,753,147of gold and $9,377,159 of silver, making the total stock of coin in thecountry at the latter date $839,129,143, less such amounts as may havebeen deposited for recoinage during this period, of which $550,927,783was gold and $288,201,360 was silver. The amount of bullion in mintand in the New York assay office on October 1, 1885, is stated to havebeen $71,471,323 of gold and $4,568,057 of silver, making in all$76,039,380, which, added to the amount of coin stated above, gives$915,168,523, of which amount $622,399,106 was gold and $292,709,417was silver.
The following table shows the amount of gold and silver, includingthe amount held to protect gold and silver certificates, and the per-centage of each in the Treasury of the United States on September30 of each year from 1876 to 1885, and on November 1, 1885:
Period.
Sept. 30,1876..Sept. 30, 1877..Sept. 30,1878.Sept. 30, 1879.Sept. 30,1880.Sept. 30,1881.Sept. 30.1882.Sept. 30, 1883.Sept. 30,1884.Sept. 30,1885.Nov. 1,1885.
Standarddollars.
$12,155, 20531, 806, 77447, 784, 74466, 092, 66792, 228, 649
114,587,372142, 058, 787165, 483, 721163, 817, 342
Silver.
Other coinand bullion.
$6, 029, 3677, 425, 454
15, 777, 93721,173,02330, 878, 28628, 945, 29730, 769, 70531, 858, 07234, 408, 56627, 558, 01626, 806, 072
Total silver.
$6, 029, 3677, 425, 454
27, 933, 14252, 979, 79778, 663, 03096, 037, 964
122, 998, 354146, 445, 444176, 467, 353193, 041, 737190, 623, 414
Gold coinand bullion.
$55, 423, 059107, 039, 529136, 036, 302169, 827, 571135, 641, 450174,361,343152,739,106206,130,543217, 904, 043251,251,114251, 359, 349
Total coinand bullion.
$61, 452, 426114,464,983163,969,414222, 807, 368214,304,480269, 399, 307275, 737, 460352, 575, 987394, 371, 396444, 292, 851441, 982, 763
Per cent of—
Silver.
9.86.5
17.023.836.735.344.641.544.743.543.4
Gold.
90.293.583.076.263.364.755.458.555.356.556.6
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68 REPORT OF THE COMPTROLLER OF THE CURRENCY.
The bullion in the Bank of England for each year from 1870 to 1885is shown in the following table, the pound sterling being estimated atfive dollars:1870 $103,900,0001871 117,950,0001872 112,900,0001873.. 113,500,0001874 111,450,0001875 119,600,0001876 143,500,0001877 126,850,000
1878 $119,200,0001879* 150,942,98018801 141,637,00018811 115,221,87018821 108,689,91218831 121,779,5451884 t 99,161,0451885|| 107,830,670
Below is a similar table, giving the amount of gold and silver, andthe percentage of each, in the Bank of France, on December 31 of eachyear§ from 1870 to 1882, on November 1,1883, on October 30,1884, andon October 16,1885:
Years. Silver coinand bullion.
Gold coinand bullion. Total.
Per cent, of—
Silver. Gold,
December 31,1870December 31,1871December 31,1872December 31,1873December 31,1874December 31,1875December 31,1876December 31,1877December 31,1878December 31,1879December 31,1880December 31,1881December 31,1882November 1,1883.October 30,1884 . .October 16,1885 . .
$13, 700, 00016, 240, 00026, 520, 00031, 260, 00062, 640, 000101, 000, 000127, 720, 000173, 080, 000211, 620, 000245, 520, 000244, 360, 000231,180,000216, 553, 000203, 085, 000205, 837, 862211, 500, 000
$85, 740, 000110, 680, 000131, 740, 000122, 260, 000204, 220, 000234, 860, 000306, 080, 000235, 420, 000196, 720, 000148, 320, 000110, 480, 000129,160, 000190, 981, 300192,112, 000210, 927, 912211, 005, 000
$99,440, 000126, 920, 000158, 260, 000153, 520, 000266,860, 000335, 860, 000433, 800, 000408, 500, 000408, 340, 000393, 840, 000354, 840, 000360, 340, 000407, 594, 000395, 597, 000416, 765, 774422, 505, 000
13.812.816.820.423.530.129.442.451.862.368.964.253.151.349.450.1
86.287.283.279.676.569.970.657.648.237.731.135.846.948.750.649.9
NUMBER, CAPITAL, AND DEPOSITS OF STATE AND SAVINGS BANKSAND PRIVATE BANKERS.
Section 333 of the Kevised Statutes of the United States requires theComptroller to present annually to Congress a statement of the condi-tion of the banks and savings banks organized under State laws. Be-turns of capital and deposits have hitherto been made by these institu-tions, and by private bankers, semi-annually to this Department forpurposes of taxation. From these returns the following table has beencompiled, exhibiting in concise form, by geographical divisions, thetotal average capital and deposits of all the State and savings banksand private bankers of the country for the six months ending Novem-ber 30, 1882, being the last semi-annual period for which State and
* London Economist, November 8, 1879.t London Bankers7 Magazine, October, 1880, 1881, and 1882.t London Economist, November 1, 1884.II London Economist, October 17, 1885.§ The Bulletin de Statistique, as quoted in the Bankers' Magazine, New York, vol.
xiii, page 740; except the items for 1879-'8O and '81, which were obtained from theLondon Bankers' Magazine for August, 1880, page 661, September, 1881, page 716,and September. 1882, page 739, and the last three items from L'Sconomiste Francais,November 3, 1883, and November I, 1884.
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 69
savings banks and private bankers were required to make returns fortaxation purposes.
Geographical divis-ions.
New England States..Middle StatesSouthern StatesWestern States and
Territories
United States..
State banks and trustcompanies.
No.
40210248
563
1,061
Capital.
Mill's.8.30
40.6025.34
48.90
123.14
Depos-its.
MilVs.31.64
244.0245.94
168. 40
490. 00
Private bankers.
No.
94967289
2,062
3, 412
Capital.
Mill's.6.22
62.426.33
30.31
105. 28
Depos-its.
MilVs.6.57
112. 6920.68
149. 02
288. 96
Savings banks withcapital.
No .
287
25
42
Capital.
Mill's.0.100.630.56
2.73
4.02
Depos-its.
Mill's.0.895.341.50
35.74
Savingsbanks with-out capital.
No.
420171
2
32
43.47 625
Depos-its.
MilVs.436. 25486. 98
1.80
35.23
960. 26
The capital of the 2,308 national banks in operation on December 30,1882, being the date of their report nearest to that of the table givenabove, as will be seen by a table in the Appendix, was $484,883,492,not including surplus, which fund at that date amounted to morethan $135,000,000, while the average capital of all the State banks,private bankers, and savings banks for the six months ending Novem-ber 30, 1882, was but $232,435,330. The latter amount is less than two-fifths of the combined capital and surplus of the national banks atpractically the same time. The table below exhibits the capital andnet deposits of the national*banks on December 30, 1882, together withthe aggregate average capital and deposits of all classes of banks otherthan national for the six months ending November 30, 1882 :
Geographical divis-ions.
New England StatesMiddle StatesSouthern States.Western States and
Territories
State banks, savingsbanks, private bank-ers, &c.
National banks.
No.
1,356546 !
Capital. I Deposits.! No. j Capital.
Millions. '• Millions.14.62 !
103.66 |32.23
475. 35849. 0369.90
81.93 i 388.42
560 I691 I214 :
843i
I Millions.166. 23173.19
34. 80
110. 66
Total.
Deposits.! No.
Millions.193.15 1,116556. 5568.84
2,047760
301. 28 |3, 525
Capital.
Millions.180. 85276. 8567.03
Deposits.
Millions.668. 50
1, 405. 58138. 74
192. 59 | 689. 70
United Sta tes . . . 5,140 ; 232. 44 j 1, 782. 70 2, 308 | 484. ?8 j 1,119. 82 17, 448 717. 32 2, 902. 52
The total number of banks and bankers in the country at the datenamed was 7,448, with a total banking capital of $717,318,822, and totaldeposits of $2,902,522,245.
In the Appendix will be found similar tables for various periods from1875 to 1882. On a subsequent page in this report, under the head of" State banks, savings banks, and trust companies/7 will be found tablesshowing the resources and liabilities of these corporations for the presentyear, and in the Appendix similar results for previous years.
A table arranged by States and principal cities, giving the number,capital, and deposits, and the tax thereon, of all banking institutionsother than national, and of the private bankers of the country, for thesix months ending November 30, 1882, and for previous years, will alsobe found in the Appendix.
The following table exhibits, for corresponding dates nearest to May31, in each of the last seven years, and to November 30,1882, the aggre-
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70 REPORT OF THE COMPTROLLER OF THE CURRENCY,
gate amounts of the capital and deposits of each of the classes of banksgiven in the foregoing table:
Tears.
1876...1877...1878...1879...1880...1881...1882...1882*..
Nai
No.
2,0912,0782,0562,0482,0762,1152,2392,308
bional banks.
Capi-tal.
Mills.500.4481.0470.4455.3455.9460.2477.2484.9
Depos-its.
Mills.713. 5768.2677.2713.4900.8
1, 039. 91,131. 71,119. 8
State banks,bankers,
No.
3,8033,7093,7993,6393,7984,0164,4034,473
Capi-tal.
Mills.214.0218.6202.2197.0190.1206.5231.0228.4
private
Depos-its.
Mitt's.480.0470.5413.3397.0501.5627.5747.6779.0
Savings bankswith capital.
No.
2626232929363842
Capi-tal.
Mills.5.04.93.24.24.04.23.94.0
Depos-its.
Mills.37.238.226.236.134.637.641.343.5
Savingsbanks with-out capital.
No.
691676668644629629622625
Depos-its.
Mills.844.6843.2803.3747.1783.0862.3929.8960. 2
No.
6,6116,5796,4506,3606. 5326,7967,3027,448
Total
Capi-tal.
Mills.719.4704. 5675.8656. 5650.0670.9712.1717.3
Depos-its.
Mills.2, 075. 32,120.11, 920. 01, 893. 52, 219. 92, 667. 32, 850.42, 902. 5
* In the last table of the series the returns are given for the six months ending May 31,1882, and alsofor the six months ending November 30, of the same year.
It will noticed that the first two tables of this chapter are for thesix months ending November 30, while all similar tables in previousreports have been for the six months ending May 31. The law repeal-ing the tax on capital and deposits of State banks and private bankerswent into effect on November 30, 1882, in accordance with the opinionof the Attorney-General, and for this reason the Comptroller has giventhe returns to that date, which was the lait data to be obtained fromthis source.
AMOUNT OF UNITED STATES BONDS HELD BY BANKS ORGANIZED
UNDER STATE LAWS.
Through the courtesy of State officers the Comptroller has obtainedofficial reports made to them under State laws by State banks in twenty-six States, by trust companies in five States, and by savings banks infifteen States, at different dates during the years 1884 and 1885, andfrom these returns the following table has been compiled:Held by 975 State banks in twenty-six States $2,994, 806Held by 40 trust companies in five States 25, 376, 400Held by 646 savings banks in fifteen States 191,980, 698
Total 220,351,904
The interest bearing funded debt of the United States on November1, including $64,623,512 Pacific sixes, and excluding $14,000,000 Navypension fund, was $1,260,778,162. The total amount of bonds held bythe national banks, $308,364,550, and by the State savings banks andtrust companies, $220,351,904, is about 42 per cent, of the interest-bear-ing debt. The amount of United States bonds held by State banks,trust companies, and savings banks, is given by geographical divisionsfor the years 1881, 1882, 1883, 1884, and 1885, as follows:
Geographical divisions.
Eastern States •Middle StatesSouthern States . . . . . . . .Western StatesPacific States
Total
1881.
$40, 468, 340176, 373, 889
1, 073, 4605, 735, 518
14, 874, 332
238, 525, 539
1882.
$42, 667, 248197,135, 239
268, 3503, 369, 414
20, 020, 175
263, 460, 426
1883.
$37, 399, 819182, 847, 588
646, 5003,105, 024
17, 743, 978
241, 742, 909
1884.
$30, 806, 938188, 640, 523
96, 7502, 390, 780
(*)
221, 934, 991
1885.
$30,121, 432186, 642, 288
136, 9713, 451, 213
(*)
220, 351, 904
*The United States bonds held in the Pacific States during the last two years are not included inthe above table, as the returns since 1883 do not give United States bonds separately from other bondsheld.Digitized for FRASER
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REPORT OF THE COMPTROLLER.OF THE CURRENCY. 71
In previous reports the Comptroller has given the amount of UnitedStates bonds held by banks organized under State laws and by privatebankers as returned to the Commissioner of Internal Eevenue for pur-poses of taxation. A table was compiled, for purposes of comparison,from these returns for the six months ending November 30, 1882, andmay be found in the report of this office for the year 1884, page 32.
STATE BANKS, TRUST COMPANIES, AND SAVINGS BANKS.
The act of Congress of February 19, 3̂ 873, section 333 of the UnitedStates Revised Statutes, requires the Comptroller to obtain from au-thentic sources, and report to Congress, statements exhibiting under ap-propriate heads the resources and liabilities of such banks and savingsbanks as are organized under the laws of the several States and Terri-tories. In compliance with this act he has presented annually in theappendices to his reports the resources and liabilities of these corpora-tions, so far as it has been possible to obtain them. Through the cour-tesy of State officers, returns of State banks, savings banks, arid trustand loan companies have, during the past year, been received fromtwenty-five States. Many of the States and Territories, including WestVirginia, North Carolina, Alabama, Arkansas, Tennessee, Illinois, Or-egon, and Dakota, do not require periodical returns of the condition ofthe different classes of banks organized under their laws.
From these returns the following abstract has been compiled, show-ing the resources and liabilities of State banks and trust companies forthe last five years, the number reporting in 1881 being 683; in 1882,704;in 1883, 788; in 1884, 852; and in 1885, 1,015:
RESOURCES.
Loans and discountsOverdraftsUnited States bondsOther stocks, bonds, &c ,Due from banksReal estateOther assetsExpensesCash itemsSpecieLegal tenders, bank notes, &c...
LIABILITIES.
Capital stockCirculationSurplus fundUndivided profitsDividends unpaidDepositsDue to banksOther liabilities
1881.
683 banks.
$352, 725, 9861, 407, 695
27, 680, 02542, 330, 95754, 662, 82921,396,77211,941,7411, 136, 427
16, 900, 76217, 925, 62827, 391, 317
575, 500,139
112,111,325274, 941
27. 857, 97612, 237, 320
576,413373, 032, 63219,105, 60430, 303, 868
1882.
704 banks.
$404,574, 4201, 373,116
25, 673, 98445, 658, 78357, 973, 71819, 915, 68213, 685, 2051,193, 345
18, 546, 07317, 902, 76027, 322, 912
633,819,998
113, 361, 931286, 391
31, 504, 35214, 758. 438
577,419426, 677, 09218, 409, 35128, 245, 024
1883.
788 banks.
$462, 380, 5851, 493, 636
22, 725, 59652, 405, 72468, 270, 66420,160, 54714,190, 0441,131,586
35, 206, 86218, 255, 30028, 259, 069
724, 479, 613
125, 233, 036187, 978
34, 575, 46118,076,610
465, 011500, 374, 21720,918,93624, 648, 364
1884.
852 banks.
$489, 067, 5191, 630, 474
25, 708, 78959, 331, 87765,354,14621,211,18210,513,8131,235,079
28,308.21625, 928, 75732, 659, 605
76), 949, 457
133, 958, 951177. 554
41, 675' 48622, 337, 901
499, 017514,111,59127, 886, 99620, 301, 901
1885.
1,015 banks.
$489, 423,1691, 485, 917
28, 371. 20662, 395| 05982, 521, 39024, 632, 60314, 814, 7651, 432 935
26, 067, 59431,255,78939, 552, 017
801,952,444
151,686,84098,129
41,365,55920, 082, 736
513,177532, 725, 28930, 148, 34625, 332, 368
Totals j 575,500,139 633,819,998} 724,479,613) 760, 949, 457 801, 952, 444
The foregoing table was prepared from all the New EngUmd Statesexcept Maine, from four Middle States, not including Delaware, andfrom all the Western States, excepting Illinois and Nebraska. The onlySouthern States from which reports have been received were Virginia,
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72 REPORT OF THE COMPTROLLER OF THE CURRENCY.
South Carolina, Georgia, Florida, Louisiana, Kentucky, and Missouri.The only Pacific States were California and Colorado. There are noState banks in Maine, but 1 in New Hampshire, 7 in Vermont, and nonein Massachusetts. There are, however, 6 trust and loan companies inthe latter State, 1 in Ehode Island, and 6 in Connecticut. <
SAVINGS BANKS.
The following table exhibits the aggregate resources and liabilities ofthe 629 savings banks in 1881* and 1882, 630 in 1883, 636 in 1884, and646 in 1885 :
RESOURCES.
Loans on real estateLoans on personal and collateral
security 95,United States bonds 210,State, municipal, and other bends
and-stocks 159,Railroad bonds and stocks 27,Bank stock ' 38,Real estate | 41,Other assets ! 37,Expenses jDue from banks I 40,Cash 13,
1881.
629 banks.
1882. 1883.
629 banks. 630 banks.I
$307, 096,158 $307, 089, 227
817, 641845, 514
819, 942069, 048249,203987, 674408,163135, 572603, 641758,106
128, 483, 698237, 786, 442
206, 291. 27432, 994; 57835, 365, 71739, 882, 42911, 047, 346
132, 20438, 977,13514, 932, 015
Totals 967,790,662 1,052,982,065
LIABILITIES.
DepositsSurplus fundUndivided profitsOther liabilities ..
Totals. .
891, 961,14260, 289, 90510, 325, 8005,213,815
966, 797, 08169, 454, 51211,136, 2195, 594, 253
967, 790, 662 Jl, 052, 982, 065
$328,197, 858
155, 874, 522219, 017, 313
190, 629, 91541,695,70136, 587, 81737,224,60153, 235, 771
144, 22343,184, 62912, 998, 594
1,118,790,944
1, 024, 856, 78772, 784,15515, 738, 223
5, 411, 779
1, 118, 790, 944
1884.
636 banks.
$358, 636, 040
141, 457, 111196, 226, 202
222,218,00650, 994, 57937, 929, 75434,467,27669,366,584
156, 94452, 358, 97114, 079, 452
1885.
646 banks.
$389, 953, 928
133, 716, 902191, 980, 698
228, 993, 25059, 585, 48938. 460, 60332,174,81068, 445, 304
166, 63646,125, 01413, 423, 064
1,177, 740, 919 II, 203v 025, 698
1, 073, 294, 95582, 395, 71716, 904, 7535,145, 494
1, 095,172,14788, 647, 31513,106, 359
6, 099, 877
1,177, 740, 919 |1, 203, 025, 698
The foregoing table includes the returns from six NeV EnglandStates; from four Middle States, not including Delaware; from theStates of Ohio, Indiana, Minnesota, California, and the District ofColumbia.
The aggregate of loans in the New England States is $297,220,022 andof deposits $492,373,407. In the Middle States the aggregate of loansis $172,779,215 and of deposits $525,151,161. Some of the largestsavings banks in the city of Philadelphia organized under old chartersare not required to make reports to any State officer. Eeturns directlyreceived from four of these banks, having deposits amounting to$35,362,660, are included in the returns from the State of Pennsylvania.The savings-banks deposits, given in the foregoing table for 1885, basedupon reports made to the State authorities, are $1,095,172,147, and thedeposits of the State banks and trust companies are $532,725,289.These returns do not include bank deposits. The deposits of thenational banks on October 1, 1885, exclusive of those due to banks,were $1,102,354,658.
No just comparison of the deposits of national banks with those ofsavings banks, State banks and trust companies can be made, owing tothe fact that the reports of many of the latter classes of banks weremade to the State authorities at various dates in 1884 and 1885.
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 73
The total population of New England, according to the census of 1880,was 4,010,529, and the number of open deposit accounts of the savingsbanks in the year 1885 is 1,460,185, which is equal to about 36.4 ac-counts to each one hundred of the entire population. The averageamount of each account is $337.21, or an average of $122.77 per capita.The deposits of the savings banks in the State of New York were$437,107,501, and the population was 5,082,871, showing an average ofabout $86 per capita.
Tables showing the aggregate resources and liabilities of State banks,trust companies, and savings banks in each State from which returnshave been received from the State authorities appear in the Appendix.A table is also there given showing by States the number of savingsbanks, depositors, and the average amount due to each in 1884 and 1885.Since November 30, 1882, the Comptroller has been entirely dependentfor this information upon returns from the officers of the different States,and where the law requires such returns to be made, they are as arule promptly and courteously forwarded to this office at his request.
PRIVATE BANKERS.
The first official information relating to the private bankers of thecountry published by this office was contained in a table in the Comp-troller's report for 1880, and the last information obtained in reference tothem was for the semi-annual period ending November 30,1882. A tablewill be found in the Appendix giving information for this and previousyears.
APPENDIX.
Tables will be found in the Appendix exhibiting the reserve of thenational banks, as shown by their reports, from October 1, 1878, toOctober 1, 1885; the reserve by States and principal cities for Octo-ber 1, 1885, and in the States and Territories, in New York City, andin other reserve cities, separately, at three dates in each year from 1881to 1885.
Special attention is called to the synopsis of judicial decisions con-tained in the Appendix, to the numerous and carefully prepared tablesin both Report and Appendix, and to the index of subjects and list oftables to be found on page 247. At the end of the full volume, of nearly1,200 pages, is an alphabetical list of the cities and villages in whichthe national banks are situated.
The Comptroller, in concluding this report, desires to gratefully ac-knowledge the industry and efficiency of the officers and clerks asso-ciated with him in the discharge of official duties, many of whom, inaddition to attending to their regular duties, have been compelled^owing to the growth of the national banking system and the extensionof the corporate existence of national associations, to perform a largeamount of extra work, without regard to oMce hours.
HENEY W. CANNON,Comptroller of the Currency.
To THE HONORABLETHE SPEAKER OF THE HOUSE OF EEPRESENTATIVES.
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APPENDIX.
NAMES and COMPENSATION of OFFICERS and CLERKS in the OFFICE of theCOMPTROLLER OF THE CURRENCY, October 31, 1885.
Name. Grade.
Henry W. Cannon
John S. Langworthy
William B. Greene .Frank A. Miller ....Edward S. Peck .
Comptroller
Deputy Comptroller .
Chief of divisiondodo .
Alonzo B. Dickerson I do .
David L. PerkinsWatson W. Eldridge .Theodore 0. Ebaugh..
SuperintendentTellerBookkeeperAssistant bookkeeper .
Charles E. Brayton Fourth-class clerk.James C. Brown do .Fernando C. Cate do .George T. May do .Edmund E. Schreiner do .William Sinclair do .Charles J. Stoddard do .George H. Wood I doEdward A. Demaray StenographerCharles H. Cherry Third-class clerkJohn A. Hebrew j doWashington K. McCoy ! doIsaac C. Miller '. I doWilliam D. Swan"' | doWalter TaylorCharles McC. TaylorEdwin D. TracyWilliam H. WaltonFrederick Widdo ws
William E. ColladayJ. Edward De SaulesJulia R. DonohoCharles B. HinckleyH. Le Hoy LivingstonMary L. McCormickMorris M. OgdenArthur M. Wheeler
.do .
.do .
.do .
.do .
.do .
.do .
Second-class clerk
Eveline C. Bates .»Harriet M. BlackSarah F. FitzgeraldEliza K. H.v deGeorge H. KoehlerJoseph K. MillerCarrie L. Pennock ,Margaretta L. Simpson
Eliza M. BarkerEliza M. PetersLafayette J. Garner
Thomas H. AustinEttie J. BroughlerMargaret L. Browne
.do .
.do .
.do .
.do .
.do .
.do .
.do .
First-class clerk .dodo .
.do ..do .do .
.do .
.do .
Clerk .do ...
Engineer .
Clerk...do .
.do .* Additional as bond clerk, $200.
Salary.
$5, 000 00
2, 800 00
2, 200 002, 200 002, 200 002, 200 00
2, 000 002, 000 002, 000 002, (J00 00
1,800 001, 800 001, 800 001, 800 001,800 001, 800 001,800 001,800 00
1,600 00I, 600 001, 600 001, 600 001, 600 001, 600 001,600 001, 600 001,600 001,600 001,600 001, 600 00
1,400 001,400 001, 400 001, 400 001,400 001,400 001,400 001,400 00
1,200 001,200 001,200 001,200 001, 200 001, 200 001,200 001,200 00
1,000 001, 000 001,000 00
900 00900 00900 00
75
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76 EEPORT OF THE COMPTKOLLER OF THE CURRENCY.
NAMES and COMPENSATION of OFFICERS and CLERKS, #c—Continued.
Name.
Louisa CampbellVirginia H. ClarkeSarah G. ClemensMary L. Conrad ...Julia De QuindreMargaret F. DewarAnnabella H. FinlayMargaret E. Gooding ..William H. HealdRebecca C. Hulburd - - -Alice M. KennedyLucretia W. Knowlton.Emma LafayetteEdward S. MayMaggie B. MillerMargaret F. OgdenMary E. OliverAnnie E. RanneyEmily H. ReedMarie RichardsonHannah SandersonEliza Saunders ..Fayette C. SneadMatilda StoffregenAmelia P. Stoekdale ...Sarah A. W. TiffeyTherese E. TilleyJulia C. TownsendAnna M. Whiteside....Ephraim S. Wilcox
Abram TV. Dyson.PhiloL.BushWilliam Griffiths .Silas Holmes
Langs ton W. Allen .Thomas Jackson ...John A. McDonald .
Mary D. TarrisseLambert A. Whiteley.
Grade.
Clerk ..do .do.
.do .
.do .
.do .
.do .
.do .
.do .
.do .
.do .
.do .
.do .
.do .
.do .do .
.do .
.do .
.do.
.do.
.do .
.do .
.do.
.do.
.do .
.do .
.do .
.do .
.do.do .
.do .
MessengerAssistant messenger,
do ..do.
Watchman .do .
Fireman .Laborer..
do ...do .
Salary.
$900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00900 00
840 00720 00720 00720 00
720 00720 00720 00
660 00660 00660 00
Expenses of the office of the Comptroller of the Currency for the fiscal year ending June 30,1885.
For special dies, plates, printing, &c $123,618 91For salaries : , 101,674 47For salaries reimbursable by national banks 16,756 43
Total expenses of the office of the Comptroller of the Currency from its organiza-tion to June 30, 1885, $6,066,227.37.
The contingent expenses of the office are not paid by the Comptroller, but from thegeneral appropriation for contingent expenses of the Treasury Department; and asseparate accounts are not kept for the different Bureaus, the amount cannot be stated.
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 77
SYNOPSIS of DECISIONS of the SUPREME and CIRCUIT COURTS of the UNITEDSTATES and of STATE CO URTS of LAST RESORT, upon Q UESTIONS ARISINGUNDER THE NATIONAL BANK ACT and upon COGNATE POINTS of INTER-EST to BANKS and to PARTIES HA VING DEALINGS with them*
ABATEMENT.I. An action brought by a creditor of a national bank is abated by a decree of
a district or circuit court dissolving the corporation and forfeiting its fran-chises. (First National Bank of Selma vs. Colby, 21 Wallace, p. 609.
II. Suit by the receiver of the New Orleans National Banking Association (formerlya State organization called the Bank of New Orleans) against a shareholderto enforce his personal liability. Plea in abatement that " at the date ofthe appointment of said receiver there was not, nor has there since been,nor is there now, any such corporation as said New Orleans National Bank-ing Association, because said Bank of New Orleans had no power by itscharter, nor authority otherwise from the State of Louisiana, to change itsorganization to that of a national association under the laws of the UnitedStates.'7
On general demurrer this plea was held bad, because no authority fromthe State was necessary to enable the bank to make such change. The op-tion to do so was given by the forty-fourth section of the banking act ofCongress, 13 Statutes, 112. " The power there conferred was ample, auditsvalidity cannot be doubted." (Casey, Receiver, $c, vs. Galli, 4 Otto, p. 673.)
This plea was also held bad upon the additional ground that " where ashareholder of a corporation is called upon to respond to a liability as such,and where a party has contracted with a corporation, and is sued on hiscontract, neither is permitted to deny the existence and legal validity ofsuch corporation." (Ibid.)
" To hold otherwise," says Mr. Justice Swayne (p. 680), " would be con-trary to the plainest principles of reason and good faith, and involve amockery of justice. Parties must take the consequences of the positionsthey assume. They are estopped to deny the reality of the state ofthings which they have made to appear to exist, and upon which othershave been led to rely. Sound ethics require that the apparent, in its effectsand consequences, should be as if it were real, and the law properly so re-gards it."
ACCOMMODATION ACCEPTANCES, INDORSEMENTS, AND NOTES.I. Where bills, indorsed by a national bank for accommodation only, had been
negotiated by the bank through its usual channels of communication withits correspondents as its own bills, and the proceeds thereof have beenplaced to the credit of the bank, which thereupon gave the same credit tothe parties for whom it had thus indorsed, and received no benefit there-from : Held, that although an accommodation indorsement by a nationalbank, in such cases, was void in the hands of holders against whom noticeof the character of the indorsement could be concluded, yet that tbe bankwas liable for the same to holders, for value without notice. (Blair vs. FirstNational Bank of Mansfield, Ohio. United States Circuit Court for Ohio, atCleveland, November term, 1875, Emmons, J. Reported in Bankers' Magazinefor March, 1878, pp. 721-5.)
II. It is no defense in a suit against the acceptor of a draft which has been dis-counted, and upon which money has been advanced by plaintiff, that thedraft was accepted for the accommodation of the drawer. (Davis vs. Ran-dall, 115 Mass., p. 547.)
III. A national bank discounted a note made by the defendant for the benefit ofthe payee, and which the payee agreed to take care of at maturity: Held,that the bank could recover the note although it had, when it took thenote, full notice of the circumstances under which it was given. (T/iatchervs. West River National Bank, 19 Mich., p. 196.)
(See, also, Title "EVIDENCE.")IV. That the accommodation acceptance, indorsement, bill, or note of a corpora-
tion is ultra vires. (See Bank of Genesee vs. Patchin Bank, 13 N. F., p. 309,and 19 N. Y., p. 312 ; Bank of Auburn vs. Putnam, jr., 1 Abb. App. Decisions,
* Many of the decisions cited in this synopsis will be found in " Thompson's NationalBank Cases," vols. 1 and 2; but in most instances reference is made to the originalreport, thus indicating the tribunal by which the point was decided.
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78 REPORT* OF THE COMPTROLLER OF THE CURRENCY.
ACCOMMODATION ACCEPTANCES, INDORSEMENTS, AND NOTES—Continued.
p. 80; Monfords vs. Farmers $r Mechanics' Bank, 26 Bard., p. 568 j Farmers $-Mechanics7 Bank vs. Troy City Bank, 1 Doug. [Mich.], p. 45.)
[NOTE.—In the Uuited States Circuit Court, Western District, Virginia,Judge Bond has recently decided the cases of Seligman fy Co. vs. The Char-lottesville National Bank, and Johnston Brothers fy Co. against the same bank.The ftest was an action of covenant upon a letter of credit for £5,000, issuedunder the seal of the bank, pursuant to a resolution of the board of direct-ors, guaranteeing the drafts of Flannagan & Son to the amount of saidletter. The latter wasassumpsit upon five bills of exchange for $5,000 each,dated April 16, 1875, each drawn by said Charlottesville Bank upon theCitizens' National Bank of Baltimore, payable to the order of Flannagan& Son, acceptance waived, maturing upon days "fixed" within five daysof each other, the first, November 20, and the last, December 10 of sameyear. Said bills were not drawn against funds due or to become due fromthe said Citizens' to said Charlottesville Bank, but were a mere loan of thecredit of the latter bank (it being without funds) to the said Flannagan& Son, and drawn to be used by the latter, as they were used, as collat-teral security in part for a loan of $25,000, made by said Johnston Brothersfy Co. to said Flannagan & Son. Said plaintiffs took said bills as suchcollateral security, and with full notice of all the facts aforesaid. Held, 1st.That said letter of credit and said bills of exchange were only the accom-modation paper of said Charlottesville National Bank, and, as such, voidin the hands of the plaintiffs, holding with full notice of their character*.2d. That the incidental powers conferred upon national banks are not suchas are conferred upon banks generally, but only such as are necessary tocarry on the specific banking business prescribed by the national-bankact. Hence, though such banks may borrow money for certain purposes,they have no power to loan their credit to customers. These cases werereported in the Bankers' Magazine for December, 1879.]
ACTIONS.
I. A national bank may be sued in the proper State court. (Bank of Bethel vs.Pahquioque Bank, 14 Wall., pp. 383, 395.)
II. Such banks may sue in Federal courts. The word " b y " was omitted insection 57 of act of 1864 by mistake. (Kennedy vs. Gibson, 8 Wall,,pp. 506-7.)
III. Receivers may also sue in United States courts. (Ibid.)IV. When the full personal liability of shareholders is to be enforced, the action
must be at law. (Kennedy vs. Gibson, 8 Wall.,p. 505; see, also, Casey, tfc,vs. Galli, supra.)
V. But if contribution only is sought, the proceedings may be in equity, joiningall the shareholders within the jurisdiction of the court. (Ibid., pp. 505-6.)(See, also, Title "SHAREHOLDERS, INDIVIDUAL LIABILITIES OF," VI, post.)
VI. But in Bailey, Receiver, <fc, vs. First National Bank of Duluth, U. S. CircuitCourt for Minnesota, Nelson, J. : Held, that even where less than the parvalue was assessed the suit mighthe at law ; and this would seem to be thetrue theory.
(See Bankers' Magazine, April, 1877, p. 793.)[NOTK.—In Stanton, Receiver, fyc, vs. fVilkeson, 8 Ben., 357, the point was
distinctly made before Judge Blatchford. The suit was brought to enforcean assessment of sixty per centum, and defendant insisted that plaintiffshould have proceeded by bill in equity ; but the court held that the actionat law was the proper remedy, at the option of the receiver.]
VII. A national bank located iu one State may bring action in the circuit courtof the United States sitting within another State against a citizen thereof.(Manufacturers' National Bank vs. Baack, 8 Blatch.,p. 147.)
VIII. In such action it will be presumed, so far as the question of jurisdiction isconcerned, that the stockholders of such bank are citizens of the State wherethe bank is located. (Ibid.) But in case of Commercial Bank of Clevelandvs. Simmons, decided in the United States Circuit Court Northern Districtof Ohio, it was held that a national bank does not sue in the Federal courtby virtue of any right conferred by the judiciary act of 1789, but by virtueof the right conferred by its charter, the national bank act, and this wouldseem to be the true doctrine. (See Thomp. National Bank Cases, p. 295. AlsoFirst National Bank of Omaha vs. County of Douglas, 3 Dillon, p. 298, decidedby Mr. Justice Miller, of the United States Supreme Court.)
IX. Natioual banks can be sued only in the courts designated in the nationalbank act. Therefore a State court of New York has no jurisdiction of anaction against a national bank located in Alabama. (Cadlevs. Tracy, 11Blatch.,p. 101.) To the contrary of this, see Cooke vs. State National Bankt52 N. Y.,p. 96.Digitized for FRASER
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 79
ACTIONS—Continued.X. Actions in their nature local, in the technical legal meaning of that word,
may be brought against a national bank in the State court of the propercounty. (Casey vs. Adams, 102 U. S., p. 66.)
(See, also, Title "JURISDICTION," post.)XI. An action brought against a national bank in a State court was, upon its pe-
tition, removed to the Federal court, and a motion was made to remand itin the United States circuit court for the southern district of New York.Judge Wallace denied the motion on the ground that the right of a nationalbank, as a corporation created by Congress, to remove a suit brought againstit in a State court, is clearly conferred by section 2 of the removal act of1875. It has been determined that any suit brought by a corporationcreated by Congress was one arising under the laws of the United States.(Cruikshank vs. Fourth National Bank, June 19, 1883.;
XII. In a suit brought in the United States circuit court against the stockholdersof the Pacific National Bank upon their personal liability, motion wasmade to dismiss suit for want of jurisdiction, based principally upon thealleged effect of the act of July 12, 1882, placing national banks on thesame footing with other banks. The motion was denied.
XIII. The act of July 12, 1882, placed national and other banks on the same foot-ing as to their right to sue in the Federal courts, and, consequently, anational bank cannot, merely in virtue of a corporate right, sue in suchcourts. But national banks, like other banks and citizens, may sue in suchcourts whenever the subject-matter of litigation involves some matter ofFederal jurisdiction. (Union National Bank vs. Miller, C. C. S. D. Ohio, W.D., March 26, 1883. Fed. Rep., vol. xv, 1703.)
XIV. Under section 1001 of the Revised Statutes no bond for the prosecution ofthe suit, or to answer in damages and costs, is required on writs of erroror appeals issuing from or brought to this court by direction of the Comp-troller of the Currency in suits by or against insolvent national banks, orthe receivers thereof. (Pacific National Bank vs. Geo. Mixter, U. S. SupremeCourt, October Term, 1884.)
ATTACHMENTS OF ASSETS.I. When a creditor attaches the property of an insolvent national bank, he can-
not hold such property against the claim of a receiver appointed after theattachment suit was commenced. Such creditor must share pro rata withall others. (Bank of Stlma vs. Colby, 21 Wall., p. 609; see, also, Harvey vs.Allen, 16 Blatchf., p. 29.)
(See, also, Title "JURISDICTION," II, post.)II. Section 5242 Revised Statutes United States prohibits the issuing of an attach-
ment against a national bank by any State, county, or municipal courtbefore final judgment. (Central National Bank vs. Richland National Bank,52 Howard [N F.], P- 136.)
III. In Bobinson vs. National Bank of New Berne, 58 Bow., p. 306, the court ofappeals decides that a State court can issue attachment process against asolvent national bank, located in another State, upon which its funds withinthe jurisdiction of such court can be seized and subjected to the satisfactionof any claim established by the judgment of such tribunal. But in thesupreme court of New York, in Rhoner vs. First National Bank of Allen town,14 Hun., p. 126, the contrary doctrine is held, in accordance with the rulingin Central National Bank vs. Richland National Bank, 52 How., p. 136, hereto-fore cited."
[NOTE.—It is submitted that the latter is the correct rule. The currencyact favors the policy, on the part of country bauks, of keeping a largeportion of their reserve in certain cities. But if such banks are advisedthat such reserve funds are there subject, at any moment, to be seized byprocess of a State court, at the instance or caprice of any resident who maythink himself a creditor, such deposits will be made with more or less hesi-tation, or not at all.]
ATTORNEYS.I. Section 56 of the currency act is directory only, and it cannot be objected by
defense that a suit is brought by a private attorney instead of the UnitedStates district attorney. (Kennedy vs. Gibson, 8 Wall., p. 504.)
BY-LAWS.I. A national bank cannot by its by-laws create a lien on the shares of a stock-
holder who is a debtor of the association. (Bullard\s. National Bank, tfc,18 Wall., p. 589.)
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80 EEPORT OF THE COMPTROLLER OF THE CURRENCY.
BY-LAWS—Continued.
(See, also, case of Bank vs. Lanier, 11 Wall., p. 369, cited under "LOANSON SHARES," post.)
[NOTE.—In Young vs. Vough, 23 N. J. Equity R., p. 325, it was held thata national bank could by its by-laws prohibit the transfer of shares by ashareholder while indebted to the bank, and that transfers in violation ofsuch by-laws were void. As it is held by the Supreme Court of the UnitedStates that such by-laws can create no lien for indebtedness, it would seemthat a regulation prohibiting such transfers can be of little practical use,even if the power exists. ]
CHECKS.
The holder of a check on a national bank cannot sue the bank for refusingpayment, in the absence of proof that it was accepted by the bank. (Na-tional Bank of the Republic vs. Millard, 10 Wall., p. 452.)
II. The relation of banker and customer is that of debtor and creditor. Receiv-ing deposits is an important part of the business of banking, but the mo-ment they are received they become the moneys of the bank, may be loanedas a part of its general fund, and the check of the depositor gives no lienupon them. (Ibid., p. 155.)
III. Perhaps, on proof that check had been charged to the drawer, and that thebank had settled with him on that basis, the holder or payee could recoveron account for " money had and received.7' (Ibid., pp. 155-6.)
IV. The facts that the bank was a United States depository and the check wasdrawn by a United States officer to a United States creditor do not varythe rule. (Ibid., pp. 155-6.)
V. Where a bank pays a check drawn on it in favor of a party whose indorse-ment thereon is forged, and the same has passed through several hands,only reasonable diligence is required to be exercised in giving notice toprior holders of the forgery, after its discovery, in order to hold them liable.(Shrwder vs. Harvey, 75 III., p. 638.)
VI. A clerk of plaintiffs received from their debtors, checks, payable to their(plaintiffs') order, in payment of sums due. The clerk, wrongfully andwithout authority, indorsed the names of the plaintiffs on these checksand transferred them to other persons, appropriating the proceeds to hisown use. Subsequently these checks were deposited with a bank, whichin good faith collected them and paid over the proceeds to the depositors.In a suit by plaintiffs against the bank to recover the amount so collectedby it: Held, that the bank was liable. (Johnson vs. First National Bank,13 N. Y. Sup. Court.)
VII. Bankers are presumed to know the signatures of their customers, and pay-checks purporting to be drawn by them at their peril. ( Weisser vs. Denni-son, 10 N. Y.,p. 68; National Bank of the Commonwealth vs. Grocers' Na-tional Bank, 35 Howard [_N. Y. P. R.,'] p. 412.) This last case holds that ifthe bank, the drawee, pays the forged check to the holder, it cannot re-cover back the money so paid. The same doctrine was held in case of FirstNational Bank of Quincy vs. Bicker, 71 III., p. 439 ; but qualified by holdingthat it applied only where the presumed negligence was all on the side ofthe bank, and where the holder or payee had been guilty of no fraud or actto throw the bank off its guard.
VIII. CERTIFYING.—National banks have the power to certify checks; and thispower may be exercised by the cashier without any special authorization.The directors can limit this power, but such limitation will be no defenseas to parties having no notice. (Merchants' .National Bank vs. State NationalBank, 10 Wall., p. 604.)
IX. A certificate of a bank that a check is good is equivalent to an acceptanceimplying that the bank has the funds to pay it, and that they are set apartfor that purpose. (Ibid., p. 604.)
X. A national bank is liable on a check certified by its cashier to the holder ingood faith, although the drawer has no funds- in the bank when it wascertified. (Cooke vs. State National Bank, 52 N. Y., p. 96.)
XI. The act of Cougress of March 3,1869, making it unlawful for a national bankto certify checks unless the drawer has at the time funds on deposit TO anamount equal to the amount specified in the check, does not invalidate aconditional acceptance of a check by such bank, having no funds of thedrawer in its hands at the time, but engaging to pay the same when adraft left with it for collection by the drawer shall have been paid. (FirstNational Bank vs. Merchants' National Bank, 7 West Va., p. 544.)
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C HECKS—Continued.XII. A bank is liable to pay a subsequent bona fide purchaser the amount of a
check which it has certified, notwithstanding the check was fraudulentlyraised, if before certification, from a smaller amount. (Louisiana NationalBank vs. Citizens' Bank, 28 La. Annual, p. 189.)
XIII. When a bank was chargeable with negligence in certifying a check, Whichwas so drawn as to admit of a fraudulent alteration of the amount beingeasily made, and the check ivas raised: Held, that the bank was liable to abona fide holder, for value, for the increased amount. (Helwege vs. HiberniaNational Bank, 28 La. Annual, p. 520.)
[NOTE.—As the above case unquestionably declares the true rule of law,prudence would seem to dictate that cashiers should always insist uponsuch filling up of checks as to render alteration impracticable, before cer-tifying.]
XIV. A certified check is not deemed dishonored by delay between its date and thetime when it is sold to a bona fide purchaser, for value, so that the lattertakes it as overdue, and subject to equities; because, by certifying, thebank becomes the principal debtor, and liable indefinitely, like an acceptorof a bill of exchange. Hence, one who in good faith, and after makingreasonable inquiry, bought a certified check, three or four months after itsdate, which had been stolen, was held entitled to recover its amount. (No-lan vs. The Bank of New York, 67 Barb.,p. 24.)
XV. A check contained on its face this recital: "To hold as collateral for 1,000P. T. oil, pipage paid to Jan. 4, 1876"; across.its face the cashier wrote,"Good when properly indorsed": Held, that the check was not drawn inthe usual course of banking business, and therefore the certificate of thecashier did not bind the bank. (Dorsey vs. Abrams et al.y bankers, 85 Pa.,p. 299. See, further, as to liability on checks, certified or otherwise, Dodgevs. National Exchange Bank, 30 O., p. 1; Security Bank vs. National Bank ofthe Republic, 67 N. Y, p. 458; Andrews vs. German National Bank, 9 Heisk.\_Tenn.}, p. 211.)
BANK CHECK.XVI. (1.) An order drawn at Kansas City, Mo., on a bank in New York City, to pay
money to H. C. or order on demand, without days of grace, is a bank check.(2.) EQUITABLE ASSIGNMENT OF PART OF DRAWER'S FUND ON DEPOSIT.—
Where the depositor of a fund in a bank draws his check for a part of thatfund, which is presented in due time, this is an appropriation, and anequitable assignment of so much of the fund as is called tor by the check,although no action at law could be maintained upon it.
(3.) EQUITABLE ASSIGNMENT FOR BENEFIT OF CREDITORS.—Where adebtor, having a large fund in bank, drew his checks in favor of certaincreditors, and thereafter, before said checks were presented, made a generalassignment of all his property for the benefit of his creditors, under a Stateinsolvent law: Held, that the check-holders who presented their checksand demanded payment, while the fund remained in the hands of the bank,were entitled to payment as against the assignee. The checks amounted toan appropriation of so much of the fund in which they were drawn, and tothat extent it did not pass to the assignee.
(4.) PRESENTATION OF CLAIM TO ASSIGNEE—ELECTION OF REMEDY.—Thepresentation by the check-holders of their claims to the assignee, and hisallowance of them, and their receipt of dividends under the assignment,was not the election by them of a remedy which prevents a recovery in thiscase. (First National Bank of Cincinnati et al. vs. Kersey Coates et al. UnitedStates circuit court, western district of Missouri, May term, 1881. In equity.)
XVII. B, a banker, in payment of moneys collected by him for C, gave his check onthe D bank for a sum less than the amount to his credit in that bank. Be-fore the check was presented for payment B made an assignment for cred-itors, of which the bank had notice. Held, that the check operated as anequitable assignment to C of the deposit to the amount named in the check,and that C was entitled to such amount in preference to the assignee forcreditors. (German Savings Institution vs. Adae, United States Circuit Court,Eastern District of Missouri, March, 1880.)
CIRCULATION.The circulating notes of a national bank are valid without theljmprint of the
seal of the United States Treasury. ( U. S. vs. Bennett'll%Blatchf., 357.)CITIZENSHIP.
I. National banks are citizens of the State in which they are organized and.located, and when sued by national banks of other States have a right to
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CITIZENSHIP—Continued.
demand a removal of the suit from a State to the proper Federal court.{Chatham National Bank vs. Merchants1 National Bank, 4 Thompson <f CookyN. Y. Sup. C, p. 196, and 1 Hunter IN. F.], p. 702; Davis vs. Cook, 9 Nevada,p. 134.)
(See also Title "ACTIONS" V and VI, supra.)II. A national bank, being a citizen of the State in which it is located, may be
required to give security for costs when suing in another State; and inthe State of New York such security may be required, because the bank isregarded as a corporation created by a foreign State. (National Park Bankvs. Gunst, 1 Abbott's New Cases, p. 292.)
COLLECTIONS.I. A bank receiving paper for collection undertakes to use due diligence in
making demand at maturity, and giving the proper notices of non-payment.An unreasonable delay will charge the bank with liability for the amount;and proof that the paper would not have been paid, if presented, will con-stitute no defense. (Bank of Washington vs. Triplett, 1 Peters, p. 25; Bankof New Hanover vs. Kenner, 76 N. C.,p. 340; Steelevs. Russell,5 Nebr.,p. 211;Capital State Bank vs. Lane, 52 Miss., p. 677; Fabens vs. Mercantile Bank, 23Pick. [Mass.], p. 320.)
II. And if the bank receiving paper for collection, upon a sufficient considera-tion, transmits it to another bank to be collected, the receiving bank willbe liable for the misconduct of such other bank, unless there is some agree-ment to the contrary. (Montgomery County Bank vs. Albany City Lank, 7N. Y., p. 459; Commercial Bank vs. Union Bank, 11 N. Y., p. 203; Kent vs.Daivson, 13 Blatchf., p. 237; First National Bank vs. First National Bank ofDenver. 4 Dill, p. 290.)
III. A bank received a check upon itself for collection, being at the same timea large creditor of the drawer, and failed, without excuse, to notify thedepositor of the non-payment of the check: Held, that the bank was charge-able for the negligence. (Bank of New Hanover vs. Kenner. supra.)
IV. A bank holding a check for collection, and accepting the certification of thebank upon which it is drawn, in lieu of payment, assumes the risk andthereby becomes liable to the owner for the amount, with interest fromdate of certification. (Essex County National Bank vs. Bank of Montreal, 7Bissell, p. 193.)
V. The Corn Exchange National Bank of Chicago sent defendant, the Dawson Bank,at Wilmington, N. C, a draft drawn upon one- Wistvall, living at Washington,N. C, for collection. Defendant by letter acknowledged the receipt of thedraft, stating that it had been credited to the Corn Exchange Bank andentered for collection. Thereupon defendant sent draft to Burbank fy Gal-lagher, bankers at Washington, N. C, for collection. The latter house col-lected the draft, but failed and passed into bankruptcy before remitting.In a suit brought by the assignee of the Corn Exchange National Bankagainst the Dawson Bank to recover the proceeds of the draft: Held, perWallace, J., that the latter bank was liable for the amount. (Kent, assignee,fyc, vs. The Dawson Bank, 13 Blatchf., p. 237.)
[NOTE.—The court concedes that the authorities are conflicting upon thepoint involved in this case. In New York, Ohio, and in England, the decis-ions sustain the conclusions of Judge Wallace, while in Connecticut, Massa-chusetts, Illinois, and Pennsylvania precisely the contrary rule prevails. Thepoint was made in this case that the law of Illinois should control the rightsof parties, but it was held otherwise.]
VI. In an action by G against a bank it appeared that a note was made to G'aorder, indorsed by him, and sent through the house of B, a banker, for col-lection, and by B indorsed to the defendant bank "for collection andcredit": Held, that B, by the indorsement, did not become the owner of thenote, and had no right to pledge it, or direct its proceeds to be credited tohim in payment of his indebtedness to the defendant bank. (First NationalBank vs. Gregg, 79 Pa., p. 384.)
VII. In such case, if the defendant bank had made advances, or given new creditto B on the faith of the note, it would have been entitled to retain theamount out of the proceeds (Ibid.)
VIII. A bank holding a customer's demand note has a lien upon the proceeds ofdrafts delivered to it for collection, after the giving of the note, thoughcollected after the filing of a petition in bankruptcy, and can apply suchproceeds upon the notes. (Be Farnsworth, 5 Biss., p. 223.)
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COLLECTIONS—Continued.
IX. A collection agent who receives from his principal a bill of lading of mer-chandise, delivered to order, and attaches to it a time draft, may, in the ab-sence of special instructions, deliver the bill of lading to the drawee of thedraft upon the latter's acceptance of the draft. It is not the duty of theagent to hold the bill after such acceptance. (National Bank of Commercevs. Merchants1 National Bank, 1 Otto, p. 92.)
X. Woolen fy Co., bankers at Indianapolis, sent to defendant, a bank at Buffalo,a draft on one Bugbee; also bills of lading for sundry car-loads of lumber.The remittance was by letter, which merely stated that the draft and billswere sent to defendant for collection and remittance of proceeds to plaint-iffs, Woolen <$• Co. The draft was drawn by, and to the order of, Coder 8fCo., indorsed by them, by Mayhew, and the plaintiffs. By the terms of thedraft the drawer, indorsers, and acceptor waived presentment for paymentand notice of protest and non-payment. It was payable fifteen days afterits date, and it was admitted that by ordinary course of transit the lumberwould reach its destination eight days prior to the maturity of the draft.There had been no business transactions between plaintiffs and defendants,save one collection similar to this. Defendants presented the draft to Bug-bee for acceptance, and upon such acceptance delivered to him the bills oflading. Bugbee failed before the draft matured, and plaintiffs sued defend-ants for delivering the bills of lading to Bugbee before payment of the draft.It was conceded that the draft was drawn for the price or value of the lum-ber: Held, per Wallace, J., that, the draft being on time, it must be pre-sumed that it was the intent of parties that Bugbee should realize fromsale of the lumber the funds to meet the draft at maturity. Therefore,upon his acceptance of the draft, he was entitled to the bills of lading, anddefendants were not liable for thus delivering them; but if the draft hadnot been upon time, a different rule might have prevailed. ( Woolen fy Webbvs. N. Y. and Erie Bank, 12 Blatehf., p. 359.)
XI. L transmitted to a bank a draft indorsed "for collection on his account."The bank provisionally credited the draft, when received, to L, presentedit for payment, and surrendered it to the drawee on receipt of his check forthe amount. Instead of demanding the money on this check, the bank hadit certified "good," and on the same day suspended payment. The nextday the check was collected, and the money mingled with the other moneyin the hands of the receiver: Held, that the receiver held the funds in trustfor L. (Levi vs. Missouri Bank, 5 Dillon, p. 104.)
XII. The general power of a bank to collect ceases by its suspension as to paperpreviously deposited therewith. (Jockusch vs. Towsey, 51 Tex., p. 129.)
XIII. As to effect of indorsement "for collection," see Bank of Metropolis vs. FirstNational Bank of Jersey City, U. S. Circuit Court, S. D. N. Y., Bankers1 Mag-azine, August, 1884.
XIV. A bank in Pittsburgh sent to a bank in New York, for collection, eleven unac-cepted drafts, dated at various times through a period of over three months,and payable four months after date. They were all drawn on "WalterM. Conger, secretary Newark Tea Tray Co., Newark, N. J.," and weresent to the New York bank as drafts on the Tea Tray Company. The NewYork bank sent them for collection to a bank in Newark, and in its lettersof transmission recognized them as drafts on the company. The Newarkbank took acceptances from Conger individually on his refusal to acceptas secretary, but no notice of that fact was given to the Pittsburgh bankuutil after the first one of the drafts had matured. At that time thedrawers and an indorser had become insolvent, the drawers having been ingood credit when the Pittsburgh bank discounted the drafts: Held, thatthe New York bank was liable to the Pittsburgh bank for such damages asit had sustained by the negligence of the Newark bank.
The circuit court having on a trial before it without a jury made a finding offacts which did not cover the issue as to damages, and given a judgment forthe defendant, this court, on reversing that judgment, remanded the case foranew trial, being unable to render a judgment for the plaintiff for any spe-cific amount of damages. (Exchange National Bank of Pittsburgh, Pa., vs.The Third National Bank of New York City, U. S. Supreme Court,'lti84, Bank-ers' Magazine, February, 1885, p, 611.)
XV. Where a negotiable instrument, indorsed and delivered in blank to a bank,though in fact onlj for collection, is sent by it to another bank for " col-lection and credit" before maturity, and the latter receives it without no-tice that it does not belong to the former, it may lawfully retain the pro-ceeds of the collection to satisfy a claim for a general balance against the
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COLLECTIONS—Continued.
other bank, if that balance lias been .allowed to arise and remain on thefaith of receiving payments from such collections pursuant to a usage be-tween the two banks. ( Vickrey vs. State Savings Association, Federal Repor-ter, vol. 21, p. 773.
COMPROMISES.
I. In adjusting and compromising contested claims against it, growing out of alegitimate banking transaction, a national bank may pay a larger sum than,would have been exacted in satisfaction of them, so as to thereby obtaina transfer of stocks of railroad and other corporations, in the honest beliefthat, by turning them into money under more favorable circumstances thanthen existed, a loss which it would otherwise suffer from the transactionmight be averted or diminished. (First National Bank vs. National ExchangeBank, 2 Otto, p. 122.) .
II. So, also, it may accept stocks in satisfaction of a doubtful debt, with a viewto their subsequent conversion into money, in order to make good or reducean anticipated loss. (Ibid.)
(See, also, Title "ESTATE, REAL," I, post.)III. A court has no power, under section 5324 of the Revised Statutes of the
United States, to order the receiver of a national bank to compound debtswhich are not " bad or doubtful " ; and a composition, under such an order,of debts not bad or doubtful, is ineffectual. (Price, receiver, $c, vs. Yates,2 Thomp. Cases, p. 204, U. S. Circuit Court, Western District Pa.)
IV, A receiver compromised suits with counsel for the United States: Held, thatthe compromise would not be opened after a lapse of years, no fraud beingalleged. (Henderson vs. Myers, 11 Phil., Pa., p. 616.)
[NOTE.—This must have been a compromise made without a special orderof court. ]
COMPTROLLER.
I. The Comptroller appoints the receiver, and can therefore remove him. (Ken-nedy vs. Gibson, 8 Wall., p. 498.)
II. The Comptroller's certificate, reciting the existence of the facts, of which heis required to be satisfied to justify the appointment of a receiver undersection 50 of the national bank act, is sufficient evidence of the validity ofsuch appointment in an action brought by such receiver. (Platt vs. Bebee,57 N. ¥.,p. 339.)
III. The Comptroller must authorize any increase of the capital stock of a nationalbank; and such increase must be certified by him, as prescribed by section13 of the act of Congress providing for the organization of national banks.(Charleston vs. People's National Bank, 5 S. C.,p. 103.)
IV. The Comptroller cannot subject the United States Government to the juris-diction of a court, though he appears and answers to the suit. (Caseva.Terrell, 11 Wall., p. 199.)
(See, also, Title " SHAREHOLDERS, INDIVIDUAL LIABILITY OF,"post.)V. Where a national bank was put into insolvency by the Comptroller of the Cur-
rency, and a creditor, whose claim was disputed, recovered judgment sevenyears after for an amount much larger than the amount of his claim at thetime of failure, on account of interest for the interval having been includedin the judgment, it was held that dividends must be calculated and paidupon the amount of the claim at the time of the failure of the bank. (UnitedStates ex rel. White vs. Knox, U. & Supreme Court, May 5, 1884.)
CONVERSION.
I. The conversion of a State into a nationl bank works no dissolution, only achange of the original corporation ; nor does the latter thereby escape anyof its liabilities. (Maynard vs. Bank, 1 Brewster, Pa., p. 483; Kelsey vs. Na-tional Bank of Crawford County, 69 Pa., p. 426 ; Coffey vs. National Bank ofthe State of Missouri, 46 Mo., p. 140.)
II. The certificate of the Comptroller of the Currency is conclusive as to theregularity of the proceeding by which any bank has been converted into anational bank. (B. U. Keyser, receiver, vs. Jane C. Hitz, Sup. Court, D. C.Decided June 26, 1883.)
III. Where owners of more than two-thirds of stock consent to the conversion ofa bank into a national bank, the conversion may take place without theconcurrence of the remaining stockholders. (Ibid.)
IV. Although it might be more regular, it is not necessary that, on conversion,a new stock book should be opened, or new certificates of stock issued.(Ibid.)
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CONVERSION—Continued.
V. A stockholder giving consent to conversion thereby becomes a stockholder inthe new bank, even if new certificates of stock are not issued. (Ibid.)
CREDITORS OF NATIONAL BANKS.I. The respective rights and liabilities existing between a national bank and
its creditors and debtors become fixed when its insolvency occurs. * * *All the property and assets of the association then become a fund, legally-dedicated, first, to the satisfaction of any claim of the United States forthe redemption of its circulating notes, and, second, for a ratable distribu-tion of the balance among its general creditors upon the principle of equal-ity. (Balch vs. Wilson, 2 Thomp. Cases, p. 276 ; 25 Minn., p. 299.)
II. The United States, as a creditor of a national bank, is not entitled to a prior-ity of payment out of its assets over other creditors. (Cook Co. NationalBank and Aug. H. Burley, receiver* of said bank, appellants, vs. The UnitedStates, U. S. Sup. Court, Oct. term, 1882.) This suit was appealed from theUnited States circuit court, northern district Illinois, in the name of theUnited States, by the bondsmen of McArthur, postmaster of Chicago. Thebank was a Government depository, and on its failure the proceeds of itsbonds deposited in the United States Treasury to secure deposits were suf-ficient to refund ail the public moneys, except about $20,000 of postal funds.The bondsmen, being liable for any amount the bank might fail to pay ifthe United States accepted pro rata dividends with other creditors, broughtsuit for the whole amount, claiming priority of payment under a statute of1797, providing that in the case of insolvent debtors of the United States,the debt of the United States should first be satisfied from their estate.The court decided that the statute of 1797 was suspended as to nationalbanks by the act authorizing the formation of national banks, by whichthe United States was placed on the same footing as other creditors. Thecourt said: "We consider that act (national bank act) as constituting byitself a complete system for the establishment and government of nationalbanks." (For further points decided in this case, see "Set-off.")
CURRENCY.I. The word "currency," in a certificate of deposit, means money, including bank
notes, which, though not an absolute legal tender, are used as money byauthority of law, and are in circulation generally, at the locus in quo, on parwith coin. (Klauber vs. Biggerstaff, 47 Wis^p. 551.)
CURRENCY ACT.I. The purpose of the currency act was, in part, to provide a currency for the
whole country, and, in part, to create a market for the Government loans. (PerStrong, J., in Tiffany vs. National Bank of the State of Missouri, 18 Wall., p.413.)
II. National banks organized under the act of Congress of June 3,1864, are theinstruments designed to be used to aid the Government in the administra-tion of an important branch of the public service; and Congress, which isthe sole judge of the uecessity for their creation, having brought them intoexistence, the States can exercise no control over them, nor in any wise affecttheir operation, except so far as Congress may see proper to permit. (PerSwayne, J., in Farmers and Mechanics' National Bank vs. Bearing, 1 Otto, p.29.)'
III. The constitutionality of the act of June 3,1864, is unquestioned. It rests onthe same principle as the act creating the second Bank of the United States.The reasoning of Secretary Hamilton and of this court in McCulloch vs. TheState of Maryland, 4 Wheat., p. 316, and in Osborne vs. Bank U. S., 7 Wheat.,p. 708, therefore applies.
IV. The power to create carries with it the power to preserve. The latter is acorollary of the former. (Ibid., per Swayne, J., pp. 33, 34.)
DEBTORS OF NATIONAL BANKS.I. Debtors of an insolvent national bank, when sued by the receiver, cannot
object that pleadings do not show a compliance with all the steps prescribedby statutes as preliminary to the appointment of such receiver. (Cadle,receiver, tyc, vs. Baker $ Co., 20 Wall., p. 650.)
II. Such ordinary debtors may be sued by receiver without previous order of theComptroller. (Bank vs. Kennedy, 17 Wall., p. 19.)
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DEPOSITS.
I. CERTIFICATES OF.—A certificate of deposit was issued by a bank for a certainsum, subject to the order of the depositor at a certain date, payable on thereturn of the certificate: Held, in an action on said certificate against thebank, brought by an assignee, that there could be no recovery withoutproof of an actual demand and refusal of payment. {Brown vs. McJSlroy,52 Ind.,p. 404.)
II. In a suit against the bank upon a stolen certificate of deposit, given by thedefendant to the plaintiff, reciting that he had deposited in the bank a cer-tain number of dollars, payable to his order in current funds, on the returnof the certificate, properly indorsed: Held, first, that the instrument shouldbe regarded as the promissory note of the bank, assignable under the stat-ute (of Indiana), but that it was not negotiable as an inland bill of exchange,being made payable not in money, but "in current funds;" second, thatthe payee could recover on said stolen certificate without giving a bondagainst a subsequent claim thereunder by another person. {National StateBank vs. Eingel, 51 Ind., p. 393.)
III. Where a bank issues a certificate of deposit, payable on its return, properlyindorsed, it is liable thereon to a bona-fide holder, to whom it was trans-ferred seven years after it was issued, notwithstanding the payment thereofto the original holder. Such certificate is not dishonored until presented.(National Bank of Fort Edward vs. Washington County National Bank, 5 Hun.,N. Y. Sup. Court, p. 605.)
IV. Under a statute prohibiting the circulation of bills or notes not payable ondemand, banks have no power to issue time certificates of deposit; andsuch certificates, if issued, are void. They are equivalent to post notes.{Bank of Peru vs. Farnesworth, 18 III., p. 563; Bank of Orleans vs. Merrill,2 Hill [N. Y.], p. 295; Leavitt vs. Palmer, 3 JV. Y. [Corns*.], p. 19.)
(See also, "CURRENCY," supra.)V. GENERAL.—The relation between a bank and its depositors is that of debtor
and creditor only, and is not fiduciary. Thus, a note deposited for collec-tion, if passed to the credit of the depositor in his general account, thenoverdrawn, becomes the property of the bank, which becomes indebted tohim for the proceeds. Upon the bankruptcy of the bank, the proceeds areassets available to the general creditors. And the fact that the accountwas made good by other deposits before collection of the note makes nodifference. {In re Bank of Madison, 5 Bissell, p. 515.) A national bank mayalso apply a deposit in payment of a matured note held against the depos-itors. {Home Bank vs. Newton, 8 III., App., 563.)
VI. A deposit is general, unless the depositor makes it special, or deposits it ex-pressly in some particular capacity. And in case of a general deposit ofmoney with a banker, a previous demand by the depositor, or some otherperson by his order, is indispensable to the maintenance of an action for thedeposit, unless circumstances are shown which amount to a legal excuse.{Brahm vs. Adkins, 77 III, p. 263.)
VII. A national bank having become insolvent, a depositor therein assigned hisdeposit to a debtor of the bank: Held, that the latter could not offset suchdeposit against his debt, in an action thereon. (Venango National Bank vs.Taylor, 56 Pa., p. 14.)
VIII. A depositor was also indebted to the bank on bond and mortgage: Held, thathe could offset his deposit against said indebtedness, the bank being in thehands of a receiver. {Matter of New Amsterdam Savings Bank vs. Gartter, 54How. [N. Y. P. 2J.], p. 385.)
JX. The claims of depositors in a suspended national bank are, when proved tothe satisfaction of the Comptroller of the Currency, on the same footing asif they were reduced to judgments, and from date of such proof bear inter-est. (National Bank of the Commonwealth vs. Michigan National Bank, 94U. S. [4 Otto], p. 437.)
X. SPECIAL.—The taking of special deposits to keep, merely for the accommo-dation of the depositor, is not within the authorized business of nationalbanks; and the cashiers of such banks have no power to bind them on anyexpress contract accompanying, or any implied contract arising out of suchtaking. ( Wiley vs. First National Bank, 47 Ft,p. 546.)
[NOTE.—To the same effect was the decision of the New York court ofappeals in First Nat. Bank of Lyons vs. OaanNat. Bank, 60 N. Y., p. 278. Butit is to be remembered that in both these cases only the act of the cashierwas relied upon to bind the bank. In the latter case it was stated thatthere was no proof of even implied knowledge or assent on the part of thedirectory. In the well-reasoned case of Weckler vs. First Nat. Bank ofHagerstown, 42 Md.,p. 581, these cases are cited with decided approval; but
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DEPOSITS—Continued.
a recent decision of the Supreme Court goes very far towards establishing adifferent doctrine. In National Bank vs. Graham, 100 U. S., p. 699, theSupreme Court held that section 52*28 R. S. U. S. conferred upon a nationalbank power to receive and take charge of special deposits, such as thepublic securities of the Government, and that such bank is liable indamages for the loss, through gross negligence, of such deposit, when it hadbeen made with the knowledge and acquiescence of its officers and direct-ors. The learned judge who delivered the opinion (Mr. Justice Swayne)cited numerous State decisions, only referring to the cases in Vermont asbeing in conflict with the weight of adjudications, and based the conclu-sion of the court upon the doctrine that " gross negligence on the part ofa gratuitous bailee, though not a fraud, was equivalent thereto in legaleffect, and that the doctrine of ultra vires has no application in favor of acorporation when guilty of a wrong."]
XL A national bank receiving a special deposit for safe-keeping, without reward,is liable only for gross negligence. The burden of proof is on the plaintiff,and gross negligence is not the omission of that care which every attentiveand diligent person takes of his own goods, but the omission of that carewhich the most inattentive takes. (First National Bank, $c, vs. Bex, 89Perm., p. 308.)
In Pattison vs. Syracuse Bank, 80 N. Y., 82, the case of Nafl Bank of Lyonsvs. Ocean National Bank is substantially overruled, following the ruling inNat11 Bank vs. Graham. See also First National Bank of Mansfield vs. Zent(supreme court of State of Ohio).
XII. AUTHORITY OF BANK TO APPLY DEPOSIT IN PAYMENT OF DEBTS.—Wherea de-positor in a bank is indebted to the bank by bill, note, or other independentindebtedness, the bank has a right to apply so much of the funds of thedepositor to the payment of his matured indebtedness as may be necessaryto satisfy the same. (Appellate court, first district, held at Chicago. HomeNational Bank vs. Newton.)
So, where the bank held the note of a depositor for a certain sum, thebank could, on the morning of the last day of grace upon such note, applyto its payment any money of the depositor then remaining on deposit insuch bank.—[Chicago Legal News.]
DIRECTORS OF NATIONAL BANKS.I. Directors of a national bank may remove the president, both under the law
of Congress and the articles of association, where the latter so provide.The power exists if the bank has adopted no by-laws. (Taylor vs. Mutton,43 Barb., N. Y. Sup. Court, p. 195; S. C, 18 Abb. Pr. E.,p. 16.)
II. In all cases where an act is to be done by a corporate body, a majority of thewhole number of directors is necessary to constitute a valid meeting ; butat a meeting when a quorum is present the majority of those present mayact. A by-law adopted when less than a majority is present is void.(Lockwood vs. American National Bank, 9 Rhode Island, p. 308.)
(See Title " OFFICERS,v post.)III. The power to compromise or release claims in favor of a bank is in the board
of directors and not within the scope of the cashier's authority. (ChemicalBank vs. Kohner, 8 Daly [A7. F.], p. 530.)
IV. In Bostwick vs. Brinkerhoffn suit was begun in the supreme court of the Stateof New York, by a stockholder of the National Bank of Fishkill, to recoverdamages from the directors for their neglect of their official duties. Ademurrer was filed to the complaint, which raised, among others, the qnes-tion whether such an action could be brought in a State court. Thesupreme court of the State sustained the demurrer and dismissed the com-plaint. The judgment was affirmed at general term. An appeal was takento the court of appeals, where the judgment of the general term was re-versed, and the case was remitted to the supreme court to be proceededupon according to law. A writ of error was taken to the Supreme Courtof the United States, which decided that a judgment of reversal by a Statecourt with leave for further proceedings in the court of original juris-diction is not subject to review in the United States Supreme Court.(Supreme Court, 106 U. S.)
V. Acker man vs. Halsey was a suit brought in the circuit court of Essex County,New Jersey, by a stockholder of the Mechanics' National Bank of Newark,N. J., against a director of that bank, to recover the value of stock lost bythe insolvency of the bank through the negligence of directors. The de-fendant demurred on the ground that directors could not be sued for injury
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DIRECTORS OF NATIONAL BANKS—Continued
by an individual stockholder, but only by the corporation or receiver.Judge Depue sustained the demurrer, stating that such suits should bebrought by the receiver in behalf of the corporation, its creditors andstockholders, but that if the receiver refused to bring such suit, any stock-holder might do so, joining with himself all other stockholders. This de-cision was rendered in April, 1882.
VI. Conivay vs. Halsey, New Jersey Supreme Court. Bankers' Magazine for November f1883, p. 378. This was a suit brought by a stockholder of the Mechanics'National Bank of Newark, N. J., against the president and directors, forneglect and mismanagement, &c. It was demurred to on grounds similarto the preceding case, and the demurrer was sustained. The plaintiff alsoheld that he had the right to recover under section 5239 of the RevisedStatutes. On this point the judge held that that statute only applied whenthe charter of the corporation was forfeited on account of willful violationof law on the part of the directors. In this case the plaintiff did not show-any willful violation of law by which a direct injury was done to the stock-holders. The injuries received were indirect, because the directors werealleged to have permitted, by their negligence, the property of the corpo-ration to be squandered, purloined, or lost.
EMBEZZLEMENT.I. When the president of a national bank, having charge of its funds, converts
them to his own use, he embezzles and abstracts them within section 55 (R. S.,sec. 5209) of the national bank act, unless he shows authority for thus usingthem. (In the matter of Van Campen, 2 Benedict, p. 419, per Blatchford, J.)
II. Although false entries in regard to such embezzlement are made on the booksof such bank by the clerk, but by the order of the president, the latter ischargeable as principal; and the intent to defraud the bank is to be inferredfrom the fact of such embezzlement. (Ibid.)
III. The cashier of a national bank was indicte.d under said section 55 for embez-zling and willfully misapplying the moneys of the bank with intent to de-fraud, &c. On trial it was proved that defendant took the moneys of thebank and used them in stock speculations, carried on in his own name, bydepositing the same with a stock broker as " margins" for stock bought onhis own account. Meld, that the intent to injure or defraud was conclusivelypresumed upon proof of the act charged ; and, therefore, evidence was notadmissible to prove that the cashier used the funds with the knowledge andconsent of the president and some of the directors of the bank, and on ac-count of and for the benefit of the bank. (United States vs. Taintor, 11Blatchf,p. 374.)
[NOTE.—This last case was decided in the United States circuit court,southern district of New York, Woodruff, Blatchford, and Benedict, JJ., allconcurring in the decision.]
IV. A State court has no jurisdiction of the crime of embezzlement by an officerof a national bank situated within the State. (Commonwealth vs. Felton, 101Mass., p. 204 ; State vs. Tuller, 34 Conn., p. 280.) But in this latter case itwas also held that while a teller of such bank could not be punished forembezzling the funds of the bank, he could be convicted, under the statuteof the State, for purloining property deposited with such bank for safe-keeping ; and in Commonwealth vs. Barry, 116 Mass., p. 1, it was decidedthat though an officer of a national bank, who has stolen its property, maybe subject to punishment for embezzlement under the national law, he mayalso be punished for the same act, as a larceny, under the statute of theState.
ESTATE, REAL.I. The want of power of a bank, or of its trustee (receiver) in insolvency, to
purchase and hold real estate, does not render void an arrangement where-by land subject to a lien in favor of the bank, and to other liens, is dis-charged of those other liens by funds from the assets of the bank, the landbeing then sold, and the entire proceeds of such sale realized to the bankassets, provided the title does not pass through the bank or its trustees.(Zantzingers vs. Gunlon, 19 Wall.,}). 32.)
1L In Union National Banket al. vs. Mathews, 98 U. S., p. 658, the court recog-nized the doctrine that, " where a corporation is incompetent by its charterto take a title to real estate, a conveyance to it is not void, but only void-able, and the sovereign alone can object. It is valid unless assailed in adirect proceeding instituted for that purpose."
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ESTATE, REAL—Continued.
[NOTE.—Thus it would seem that a mortgage executed to secure a presentloan, or any other conveyance of real estate to a national bank, must beheld valid until declared void in a direct proceeding instituted for that pur-pose by the United States Government.]
(See, also, Wroten's Assignee vs. Armat, 31 Grattan, p. 238.)III. The title to real estate taken by a national bank, on adjustment of a Liabil-
ity in its favor, must be held valid until attacked by the United States, indirect proceedings instituted for that purpose. Such title cannot be im-peached collaterally, in an ejectment suit. (Mapes et at. vs. Scott et al.994, III., p. 379; National Bank vs. Whitney, 106 V. S., p. 99 ; Graham vs. Na-tional Bank, 32 X. J. Eq., p. 804; Warner vs. Dewitt, 4 III. App., p. 305.)
(See, also, Title il LOANS ON REAL ESTATE," post.)
ESTOPPEL.I. A shareholder in a national bank, who has participated in its transactions as
such, and received dividends, is estopped from denying the legality of itsincorpoiation. The same rule applies to one accustomed to deal with anational bank as such, as by giving his promissory note to such bank.(Wheelock vs. Kost, 77 III., p. 296; National Bank of Fair haven vs. PhoenixWarehousing Company, 6 Hun. [2V. Y.~\, p. 71; Casey vs. Galli, 94 U. S., p.673, and numerous cases therein cited.)
II. The Manufacturers' National Bank of Chicago, defendant, being the city corre-spondent of the People's Bank of Belleville, plaintiff, guaranteed to the latterbank the payment of certain notes of one Picket, pursuant to an agreementthat thus guaranteed their amount should be, as it teas, debited to the accountof the Belleville Bank. Such agreement, and the guarantee in pursuancethereof, were made by the vice-president of the defendant bank, with theassent of the president and cashier, but without the assent of the directors.Held, that under the circumstances the defendant bank was estopped fromsetting up, as a defense, that such guarantee was ultra vires. {People's Bankvs. National Bank, 101 U. S., p. 181.)
[NOTE.—It will be observed that this decision stops far short of legaliz-ing naked accommodation paper made by a national bank.]
111. A national bank which has wrongfully converted to its own use the propertyof another, is estopped from denying its liability to account therefor uponthe ground that it received and held the property in carrying on the busi-ness of a warehousman, outside the powers conferred by its charter. {Ger-man National Bank vs. Meadowcroft, 2 Thomp. Cases, p. 462. Sup. Court III.)
EVIDENCE.I. Even if it be within the authority of the president of a national bank to bind
the bank by an agreement with the acceptor of a draft, which is discountedby the bank, not to enforce the draft against him, yet oral evidence of suchan agreement is not competent in defense of a suit by the bank against theacceptor. {Davis vs. Randall, 115 Mass., p. 547.)
II. The certificate of the Comptroller of the organization of a national bank isconclusive evidence as to the completeness of such organization, in a suitagainst one of its shareholders. {Casey vs. Galli, ante; Thatcher vs. WestRiver National Bank, 19 Mich., p. 196.)
III. In ordering an assessment for the payment of the debts of an insolvent bank,the stock certificates and stock ledger of the bank must be taken by theComptroller of the Currency, in the absence of fraud or mistake, as show-ing who the stockholders were at the time of the failure. {Davis vs. EssexBaptist Society, 44 Conn., p. 582.)
IV. The maker of a certificate of deposit cannot overcome its effect, as proof ofa deposit actually made, except by clear and satisfactory evidence. (FirstNational Bank of Lacon vs. Meyers, 83 III., p. 507).
INTEREST.I. Under section 30, act of 1864, a national bank in any State may take as high
rate of interest as by the laws of such State a natural person may stipu-late for, although State banks of issue are restricted to a less rate. (Tiffanyvs. National Bank of the State of Missouri, 18 Wall., p. 409.)
il. As the action was virtually brought to recover the penalty for usury, thestatute (section 30) must receive a strict construction. (Ibid., p. 409.)
[NOTE.—In Missouri, natural persons may take ten per cent., but Statebanks are restricted to eight per cent. In this case the national bank hadtaken nine per cent: Held, legal.]
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90 REPORT OF THE COMPTROLLER OF THE CURRENCY.
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III. In a suit by a national bank uix>n a bill of exchange discounted by it, theacceptor cannot set up by way of counter-claim, or set-off, that the bankin discounting a series of bills of said acceptor, the proceeds of which itused to pay other bills, knowingly took, and was paid, a greater rate ofinterest than that allowed by law. (Barnett vs. National Bank, 98 TJ. 8. [8Otto'], p. 555.)
IV. The act of June 3, 1864 (R. S., sec. 5198), having prescribed that, as a pen-alty for such taking, the person paying such unlawful interest, or his legalrepresentative, may in an action of debt against the bank recover back twicethe amount so paid, he can resort to no other mode or form of procedure.(Brown vs. Second National Bank of Erie, 72 Pa., p. 209; Barnett vs. Na-tional Bank, 98 U. S., p. 555.)
[NOTE.—The above case of Barnett vs. National Bank, 98 TJ. S., p. 555,overrules several State adjudications, and settles several points in regardto usurious interests as affecting loans by national banks. It holds thatwhen suit is brought by such bank to recover a loan made at usurious rate,stipulated for, but not paid, the entire interest thus agreed upon, but nopart of the principal, is forfeited, and the latter may be recovered in full;that when the usurious interest has been paid, twice its sum may be recov-ered by the borrower, but this can only be done by a suit directly broughtfor that purpose, which suit must be in the nature of an action of debt,commenced, of course, within the two years specified. Suppose, then, Aborrows $1,000 from a national bank on 90 days' time, and for the loan act-ually pays usurious interest in advance. Suppose his paper is protestedand suit is brought upon it. It follows that while A cannot offset twicethe usurious interest he has paid, nor any part thereof, in reduction of theface of his paper, the bank can recover from him not only the principal ofthe loan, but legal interest thereon from the date of maturity of the noteor bill.]
(See, also, Natl. Bank vs. Bearing, 91 TJ. S.,p. 29, and Title "USURY,"post.)
V. ON CLAIMS OF CREDITORS.—Where a national bank is put in charge of areceiver, under section 50 of the original Currency Act (R. S., sec. 5234),and a sufficient sum is realized from its assets to pay all claims against itand leave a surplus, th«* Comptroller ought to allow interest on the claimsduring the period of administration, before appropriating the surplus tothe stockholders of the bank. An action of assumpsit by the holder ofsuch a claim will not lie against the Comptroller, nor against the receiver,but will lie against the bank. (Chemical National Bank vs. Bailey, 12Blatchf, p. 480.)
VI. In such action interest is recoverable on all demands originating in contractconditioned for the payment of interest, and on all demands for money dueand unpaid, by way of damages for non-payment after such demands be-came due. And interest is recoverable on a balance due a depositor in suchbank, although he has made no formal demand of payment. (Ibid.) But,as to this last point, see the ruling of the Supreme Court.
VI f. In the case of National Bank of the Commonwealth vs. Mechanics1 National Bank,4 Otto, p. 437, the United States Supreme Court decided that a depositor ina national bank, when it suspends payment and a receiver is appointed, isentitled from the date of his demand to interest on the deposit; that theclaims of depositors in such bank at date of suspension, for t i e amount oftheir deposits, are, when proved to the satisfaction of the Comptroller ofthe Currency, placed upon the same footing as if reduced to judgments;that is to say, they draw interest from tjhe time of such proof and allowance.It was also decided that, such interest being a liquidated sum at the timeof the payment of the deposit, an action lies to recover it, and intercut thereon.
VIII. When the Comptroller assesses shareholders to pay the debts of an insolventnational bank, such assessment bears interest from the date of the Comp-troller's order. (Casey^ vs. Galli, ante.)
IX. A statute of New York, fixing the rate of interest at 7 per cent., also makesforfeiture of principal and interest the penalty for taking interest at agreater rate. Notwithstanding this statute, the courts of that State haveheld that the payee of a promissory note may, in good faith, sell and indorseit to a third party for a sum agreed upon, amounting as discount to anyrate in excess of that prescribed by law ; that such purchaser may recoverfrom the maker principal and interest iu full, and that if it be necessary toresort to the indorser, the purchaser may recover against him the actualsum paid for the note with interest.
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INTEREST—Contin ued.
Acting upon these adjudications, a national bank in that State discountedfor a customer notes (all paid at maturity) for sums aggregating $2,735.36in excess of the legal rate of interest. Subsequently the seller sued thebank to recover, under sections 5197 and 5198 of the national bank act, thepenalties therein prescribed, to wit, double the aggregate paid.
In the State courts the plaintiff had judgment as prayed, and on writ oferror to the court of appeals of New York, the Supreme Court of the UnitedStates affirmed the judgment below ; holding that,
"Although under the laws of New York a contract between natural per-sons to reserve and pay upon the discount of business paper any stipulatedrate of interest (discount) may be valid, such contract, if a national bankbe party thereto, and the paper be, in pursuance thereof, transferred to it,is in violation of said sections, if the rate agreed upon exceeds 7 per cent.,and subjects such bank to the penalties therein prescribed. (National Bankvs. Johnson, 104 U. S., 271.)
JUDGMENTS.I. A judgment against a national bank in the hands of a receiver, upon a claim,
only establishes the validity of such claim; the plaintiff can have no exe-cution on such judgment, but must await pro rata distribution. (Bank ofBethel vs. Pahquioque Bank, 14 Wall., p. 383, and Clifford, J., p. 402.)
JURISDICTION.I. A United States District Court has jurisdiction to authorize a receiver of an
insolvent national bank to compromise a debt. (Matter of Platt, 1 Ben., p.534.)
II. A resident (citizen) of Kentucky was a creditor of a national bank located inAlabama, and commenced a suit on his claim against said bank in the su-preme court of the State of New York, at the same time attaching certainmoneys belonging to said bank, in the hands of the National Park Bank, inNew York. Subsequently the receiver of the Alabama bank (which hadfailed) was, on his own motion, made party defendant to the action pendingin the New York supreme court, and pleaded " want of jurisdiction" andother defenses. The supreme court overruled his plea to the jurisdiction,rendered judgment against the receiver on the merits, and ordered satisfac-tion to be made from the moneys attached. Thereupon the receiver filedhis bill in chancery in the United States Circuit Court for the proper circuit,praying an injunction to restrain the collection of the judgment rendered bysaid supreme court, and that the moneys attached be paid to him as receiver.Held, that, by the provisions of the Currency Act, the State court was de-prived of jurisdiction of the attachment proceedings ; that the receiver wasnot estopped by the proceedings in said State court from asserting hisrights in said Circuit Court, and that he was entitled to the relief prayedfor in his bill. (Cadle, receiver, <fc, vs. Tracy, 11 Blatchf, p. 101.)
(See, also, Title " RECEIVERS,"VII, post.)III. State courts have no jurisdiction of actions to recover penalties imposed by
the national bank act. (Newell vs. National Bank of Somerset, 12 Bush.y^p
See, also, Title "EMBEZZLEMENT," IV, ante.)IV. The United States Circuit Court has no jurisdiction of a suit by a private per-
son to restrain or interfere with the Treasurer of the United States or theComptroller of the Currency in the discharge of their duties in respect tobonds deposited to secure the redemption of circulating notes of a nationalbank. ( Fan Antwerp vs. Hubbard, Blatchf.,p. 426.)
V. An action will not lie against the Comptroller nor the receiver, upon a claimagainst an insolvent national bank, but will lie against such bank. (Chem-ical National Bank vs. Bailey, ante. See, also, Bank of Bethel vs. PahquioqueBank, ante.)
VI. A national bank cannot be sued in the United States District Courts outsideof the district where it is located. (Main vs. Second Nat. Bank of Chicago,6 Bissellyp. 2(5.)
VII. Nor can such action be brought against a national bank in a State court, savein the county or city where it is located. (Crocker vs. Marine National Bankt101 Mass.,p. 240.)
(See, also, Title "ACTION," VII, ante ; also "EMBEZZLEMENT," IV, ante.VIII. The provision of section 5198, U. S. Rev. Stats., requiring that suits, actions,
and proceedings against a national bank in any State, county, or municipalcourt must be brought in the county in which such bank is located, is held
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92 REPORT OF THE COMPTROLLER OF THE CURRENCY.
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to apply to transitory actions only, and not to such actions as are by lawlocal in their character. (Casey,receiver,^c, vs. Adams, 2 Thomp. Cases,p.102. U. S. Supreme Court.)
[NOTE.—The jurisdiction of the local court was sustained in this cause,although it seemed clear that a complete remedy might have been had inthe U. S. Circuit Court at New Orleans, where the bank was situated.]
IX. National banks are not entitled, by force of the national bank act, to haveany suit in a State court, wherein they are parties defendant, removed to aFederal court. ( Wilder vs. Union Nat. Bank, 2 Thomp. Cases,p. 124.)
X. National banks are not authorized to sue in the Federal courts out of the dis-tricts in which they are located when the amount sued for does not exceed$500. (St. Louis Bank vs. Brinkham, 1 McCrary, 9.)
[NOTE.—As to present jurisdiction of Federal and State courts, see actof Congress of July 12,1882,proviso to section 4.]
LOANS IN EXCESS.I. A loan by a national bank in excess of the restriction of section 29 of the act
of 1864 (Revised Statutes, section 5200), which provides that the total lia-bilities of any person (borrower) shall not exceed ten per centum of thecapital stock, &c, is not void on that account. The loan maybe enforced,though the bank maybe liable to proceedings for forfeiture of its privileges,&c, for making it. (Stewart vs. National Union Bank of Maryland, 2 Abb.,United States, p. 424. See, also, O'Hare vs. Second National Bank, 77 Pa.,
p. 96.)II. In Samuel M. Shoemaker vs. The National Mechanics- Bank and The same vs.
The National Union Bank, application for injunction, &c, United States Cir-cuit Court, Baltimore, Md., Judge Giles held, * * * "As to the firstcharge in this bill against the defendant, in reference to the amount loanedto Bayne & Co., in violation of the twenty-ninth section of the act of June3, 1864, I would only say that the loan made under such circumstances isnot void ; it can be enforced as any other loan made by the bank." ( Vide31 Md.,p. 396.)
III. The validity of a loan in excess of the above-named statutory restriction wasestablished and set at rest by the decision of the United States SupremeCourt in the case of Gold Mining Company vs. Rocky Mountain NationalBank, 96 U. S. [6 Otto'], p. 640.
LOANS ON REAL ESTATE.I. A executed a note to B, and, to secure payment thereof, also executed a deed
of trust on lands, which was in effect a mortgage, with a power of salethereto annexed. A national bank, on the security of the note and deed,loaned money to B, who thereupon assigned them to the bank. The notenot being paid at maturity, the trustee was proceeding to sell the landspursuant to the power, when A filed a bill in chancery to enjoin the sale,upon the ground that by sections 5136-'37, Revised Statutes, the deed didnot inure as a security for a loan made by the bank at the time of theassignment of said note and deed: Held, that the bank was entitled to en-force collection of the note by a sale of the lands pursuant to the power inthe deed of trust. ( Union National Bank of Saint Louis vs. Matthews, 98 U. S.[8 Otto~\, p. 621.) Mr. Justice Miller dissented, holding the note valid, butthat the deed was inoperative as security to the bank.
[NOTE.—It is now well settled that a mortgage given to secure a loanfrom a national bank, executed directly to the bank when the loan is made,
. is valid, unless set aside by proceedings instituted for that purpose by theGovernment. (National Bank vs. Whitney, 103 U. S., p. 99; Graham vs.National Bank, 32 N. J. Eq., p. 804; Warner vs. Dewitt, 4 III. App., p. 305;Thornton vs. Exchange National Bank, 71 Mo., 221.)]
LOANS ON SHARES.I. National banks are governed by the act of 1864, which repealed the act of
1863, and cannot, therefore, make loans on the security of their own shares,unless to secure a pre-existing debt, contracted in good faith. (Bank, tfc,vs. Lanier, 11 Wall,p. 369.)
II. The placing of funds by one bank on permanent deposit with another bankis a loan within the spirit of section 35 of act of 1864. (Ibid., p. 369.)
III. Loans by such banks to their shareholders do not cieate a lien on the sharesof such borrowers. (Ibid., p. 369.)
(See, also, Bullard vs. Bank, 18 Wall., p. 580; and " BY-LAWS," supra,)
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LOANS ON SHARES—Continued.
IV. But a national bank has the right to make loans on negotiable notes securedby the stock of another corporation, of marketable values. (Shoemaker vs.National Mechanics' Bank, 1 Hugh., p. 101.) The same doctrine was alsoheld in the case of Germania National Bank et al. vs. F. F. Case, receiver, <f c,decided by the United States Supreme Court, 99 U. S. [9 Otto], p. 628.
LOCATION.I. Under sections 6, 8, 10, 15, 18, and 44 of the original Currency Act (13 Stat.
at Large, 101), respecting the location of banking associations, a nationalbank is to be regarded as located at the place specified in its organizationcertificate. If such a place is in a State, the association is located in thatState. (Manufacturers' National Bank vs. Baack, 8 Blatchf, p. 137.)
OFFICERS.I. CASHIER. The cashier is the general executive officer of a bank, having
charge of its funds, notes, bills, and other choses in action. Either directlyor through his subordinates he receives all moneys and notes of the bank,delivers up discounted paper when paid, draws checks to withdraw fundsof the bank when deposited, and generally, as such executive officer, trans-acts most of the bank business. ( United States vs. City Bank of Columbus,21 How., p. 356, and numerous later decisions.)
II. But the cashier can make no declaration binding the bank not within thescope of his general powers. (Bank of Metropolis vs. Jones, 8 Pet., p. 12; S.P., 3 Watts <f 8., [Pa.], p. 317; 3 Gill [Jfd.], P- 96.)
III. A cashier who has made sale of corporate property, and holds a balance in hishands, is the agent of the board of directors, and not of the respectivestockholders, and cannot be charged by an individual stockholder as hold-ing such balance for his benefit. (Brown vs. Adams, 5 Biss., p. 181.)
IV. A cashier, without special authority, cannot bind his bank by an official in-dorsement of his individual note, and the onus is on the payee to show suchauthority. (West Saint Louis Savings Bank vs. Shawnee Co. Bank, 3 Dill,p. 403.)
V. Although the cashier of a bank may, in the ordinary course of business, with-out the action of the directors, dispose of the negotiable securities of thebank, he has not the power to pledge its assests for the payment of an ante-cedent debt. (State of Tennessee vs. Davis, 50 How. IN. Z.], p. 447.)
VI. A cashier has not the authority to compromise or release a claim of the bank.(Chemical Bank vs. Kohner, 8 Daley [iV. Y.], p. 530.)
VII. DIRECTORS. It is the duty of directors of a bank to use ordinary diligencein acquiring knowledge of its business. They cannot be heard, when sued,to say that they were not apprised of facts the existence of which is shownby the books, accounts, and correspondence of the bank. They should con-trol the subordinate officers of the bank in all important transactions.Therefore, under the circumstances proved in this particular case, theywere held liable for the abstraction and sale of special deposits by the lat-ter. ( United Society, $c, vs. Underwood, 9 Bush [Ky.~\, p. 609; German Bankvs. WulfekiMer, 19 Kansas, p. 60.)
VIII. The cashier of a national bank, who had executed no bond, embezzled itsfunds, discovery whereof might have been effected by use of slight dili-gence on the part of the directory. They, however, published, accordingto law, a statement of the condition of the bank, which showed that itsaffairs were being prudently and honestly administered, and from whichthe public had aright to believe that he*was trustworthy. Afterwards,persons who had seen this report became sureties on the official bond ofcashier, and for his subsequent embezzlements were sought to be held liablethereon : Held, that such sureties, being misled by the statement, were re-leased. They had a right to believe that the directors, before publishingit, investigated the condition of the bank. (Graves vs. Lebanon NationalBank, 10 Bush [Ky.~\, p. 23.)
IX. The mere fact that directors of a bank knew of and sanctioned overdrafts willnot release from liability the sureties of a teller who causes a loss to thebank by permitting overdrafts; for the directors of a bank have no powerto sanction overdrafts. (Market Street Bank vs. Stumpe, 2 Mo., App., 545.)
X. PRESIDENT. A guarantee against loss for signing as sureties, given by a bankpresident without authority from the directors, to those whom he had so-licited thus to sign a note, given to the bank to retire a prior note held byit against their principal, is held to be the individual contract of the pres-ident, and not binding upon the bank. (First National Bank vs. Bennett, 33Mich., p. 520.)
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XL A president of a bank bought the stock of A. for $1,000, and in paymentgave up to A. his note for that amount, which the bank held against A:Held, that the president exceeded his powers, and that the bank could re-cover from A. the amount of the note thus surrendered. (RhoadsYS. Webb,24 Minn., p. 292.)
XII. A president of a bank, who, with the cashier, had the general charge of itsbusiness, permitted and directed the drawing of moneys from the bank byone irresponsible, without security, and for a business in which the presi-dent was interested with the party drawing the funds. He requested thecashier not to say anything of it to the directors: Held, that the presidentwas personally responsible for the moneys thus drawn. (First National Bankof Sturgis vs. Reid, 37 Mich., p. 263.) Quere: Would not an indictment forembezzlement lie under the national bank act?
XIII. The president of a bank, as such, has no authority to release the claims of thebank against any one. Such authority must come from the directors, byvote or implication. (Olnet/ vs. Chadsey, 1 R. I., p. 224.) Nor can he bindthe bank to pay or become liable for a debt by his admission. (Henry vs.Northern Bank, 63 Ala., p. 527.)
XIV. In reference to what do not constitute offenses under section 5209 of theRevised Statutes (see case of United States vs. Jas. H. Britton, <fc, U. 8.Sup. Court, October term, I8rt2).
XV. A draft indorsed by the president of the Miners' National Bank of George-town, Colo., payable to White or order for account of the bank: Held,that the bank could not be held on the draft, but that White was entitledto recover the money advanced for the use of the bank, as appeared by thebooks of the latter, whether it was advanced without consideration orupon the draft as collateral. ( White vs. National Bank, 102 U. S., p. 658.)
XVI. AUTHORITY OF BANK CASHIER.
A banking corporation, whose charter does not otherwise provide, maybe represented by its cashier in transactions outside of his ordinary dutieswithout his authority to do so being in writing or appearing in the recordsof the proceedings of the directors.
His authority may be by parol, and collected from circumstances, or im-plied from the conduct or acquiescence of the directors.
It may be inferred, from the general manner in which, for a period suffi-ciently long to establish a settled course of business, he has been sufferedby the directors, without interference or inquiry, to conduct the affairs ofthe bank.
When, during a series of years, or in numerous business transactions, hehas been permitted, in his official capacity, and without objection, to pur-sue a particular course of conduct, it may be presumed, as between thebank and those who in good faith deal with it upon the basis of his author-ity to represent the corporation, that he has acted in conformity with in-structions received from those who have the right to control its operations.
That which directors ought, by proper diligence, to have known, as tothe general course of the bank's business, they may be presumed to haveknown in any contest between the corporation and those who are justifiedby the circumstances in dealing with it upon the basis of that course ofbusiness. (Supreme Court of the United States, October term, 1883, Martin vs.Webb.)
XVII. LIABILITY OF CASHIFJ'R.
1. Where directors of a corporation appoint one of their number to act astreasurer, secretary, or other ministerial officer of the corporation, he isprima facie entitled to reasonable compensation for his services as suchofficer.
2. Where he assumes the duties of such ministerial officer upon an expresscontract as to compensation, such contract controls, and this, though thecontract is to discharge the duties without any direct compensation inmoney.
3. An agent of a corporation, who, as an individual, purchases the prop-erties of the corporation from himself as agent, cannot uphold such pur-chase by proof that he agreed to pay what he thought the property wasworth, but is liable to the corporation for the actual value of the propertyso by him purchased.
4. Ratification implies knowledge, and a party cannot be adjudged tohave ratified an act of which he has no knowledge, actual or constructive.
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OFFICERS—Continued.XVII. LIABILITY OF CASHIER—Continued.
5. The doctrine that the directors of a bank are conclusively presumed toknow the financial condition of the bank, its general business, and its re-ceipts and expenditures as shown by its regular books, is for the protectionof third parties dealing with the bank, andfof the bank against prejudicialaction of any director, and cannot be invoked to uphold a wrongful appro-priation of moneys by the cashier or other officer, which appropriation ismade and also entered upon the books of the bank without the actual knowl-edge of the directors. {Supreme Court of Kansas ; The First National Bank ofFort Scott vs. Drake.)
6. It is no defense to an action brought by a bank against its late cashierfor a wrongful appropriation of moneys, that at the time of such appropri-ation he was the owner of four-fifths of the stock of the bank, and has sincethat time sold all of said stock to other parties, who are now the officersand managing authority of the bank.
XVIII. A., the president of defendant, a national bank in Vermont, applied to theplaintiff, a banking corporation in Canada, for a loan for his railroad of§50,000 which he had been unable to obtain from defendant. Plaintiff'smanager told him the money could not be loaned as an individual loan,as its individual loans were too near the limit allowed by law, but that itwould deposit that amount with defendant if desired.
A. assented, and they agreed the deposit should draw interest at 6 percent, while it remained, and that bonds should be deposited as security.Plaintiff drew two drafts for the amount on a Boston bank, delivered themto defendant and received the collaterals, and entered the transaction onits books as a loan to defendant. Defendant indorsed the drafts, forwardedthem to the Boston bank, from which it received credit for them, and hasalways retained their avails. About a year afterwards defendant failed,and a receiver was appointed who rejected the claim of plaintiff whenpresented for payment, and defendant brought suit. Held, that the trans-action was not a loan to A. individually, but to defendant; that plaintiffwas entitled to a judgment, to be paid by the Comptroller from the assetsratably with other claims; and that the amount due should be adjustedas of the time when the receiver was appointed, and so certified by thereceiver to the Comptroller, to be paid in due course of administration.(Eastern Township Bank vs. Vermont Nat. Bank of St. Albans and Another,Federal Reporter, Vol. 22, p. 186.)
POST-NOTES.I. Certificates of deposit, payable at a fixed future day, held to be equivalent to
post-notes, and therefore void, as prohibited by a State law.(See, ante, Title " DEPOSITS, CERTIFICATES OF," IV, and cases there cited.)
POWER OF ATTORNEY TO COLLECT PAYMENT OF GOVERNMENT BOND.A power of attorney authorizing an agent to "sell and assign " a Govern-
ment bond " called" for payment gives authority to the agent to assign tothe Secretary of the Treasury for redemption, and to receive in payment adraft drawn by the Treasurer of the United States to the agent by name,who can indorse it for collection or payment. (Decision by United StatesComptroller Lawrence.)
RECEIVERS.I. The receiver of a national bank is the instrument of the Comptroller, and
may be removed by him. (Kennedy vs. Gibson, 8 Wall, p. 505.)II. Such receiver is the statutory assignee of the assets of the bank, and may sue
to collect the same in his own name, or in the name of the bank for his use.(Ibid., p. 506.)
III. In such suit it is not necessary to make the bank or creditors parties. (Ibid.,p. 506.)
IV. The receiver of a national bank represents such bank and its creditors, buthe in no sense represents the United States Government, and cannot subjectthe Government to the jurisdiction of any court. (Case vs. Terrill, 11 Wall.,p 199.)he decision of a receiver, rejecting a claim against his bank, is not final.Claimant may still sue. (Batik of Bethel vs. Pahquioque Bank, 14 Wall., p.383.)
VI. The clause of seetion 50, act of 1864, which prescribes that the receiver shallbe " under the direction of the Comptroller/' means only that he shall besubject to his direction, not that he shall not act without orders. He mayand must collect the assets. That is what he is appointed for. (Bradley, J.in Bank vs. Kennedy, 17 Wall., pp. 22-3.)
p.The
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VII. Receivers of national banks are officers of the United States, within the mean-/ ing of the act of Congress of March 3, 1815, giving United States courtsj urisdiction of actions by United States officers, and may sue in such courts.(Platt, receiver, tyc, vs. Beach, 2 Ben., p. 303.)
[NOTE.—The judge places stress upon the provision of section 31 of theact of 1864, which requires (in that particular instance) that the Secretaryof the Treasury shall concur in the appointment of the receiver.]
VIII. Receiver not liable to be sued on a claim against the bank.(See Title " JURISDICTION," V, ante.)
IX. The personal assets and personal property of an insolvent national bank inthe hands of a receiver appointed by the Comptroller of the Currency, inaccordance with the provision of section 5234 of the Revised Statutes, inlegal contemplation still belong to the bank, though in the hands of thereceiver to be administered under the law. The bank does not cease toexist on appointment of the receiver. Its corporate capacity continuesuntil its affairs are finally wound up and its assets distributed. (Rosenblattvs. Johnston, Chief Justice Waite, United States Supreme Court, October term,1881.)
X. A new receiver may be substituted as plaintiff and appellant in suits begunby his predecessor. (Orson Adams, substituted for George E. Bowden, receiver',vs. Jacob C. Johnson and Betsey Valentine, United States Supreme Court, Octo-ber term, 1882.) This case was appealed from the United States circuitcourt of New Jersey. When the bill was dismissed in the lower court, anew receiver had been appointed. The appeal was taken in the name ofthe old receiver, the new receiver becoming surety on the appeal bond.In the Supreme Court a motion on the part of the appellees to dismiss theappeal on the ground that DO appeal was lawfully taken was denied, anda motion on the part of appellant to substitute new receiver as plaintiffand appellant was granted.
XL Under section 1001 of the Revised Statutes no bond for the prosecution of thesuit, or to answer in damages and costs, is required on writs of error orappeals issuing from or brought to this court by direction of the Comp-troller of the Currency in suits by or against insolvent national banks, orthe receivers thereof. (Pacfiic National Bank vs. George Mixter, United StatesSupreme Court, October term, 1884.)
SET-OFF.I. In an action brought to enfore the individual liabilitiy of a shareholder of
an insolvent bank, such shareholder cannot set off against such liabilitythe amount due to him as a creditor of the bank. (Garrison vs. Howe, 17N. Y.,p. 458 : In re Empire City Bank, 18 N. Y., p. 199.)
[NOTE.—Though these cases were decided by a State tribunal (New Yorkcourt of appeals), and the rulings were based upon provisions of a State con-stitution and a State statute, yet the principle they enunciate is recognizedand fully affirmed in Sawyer vs. Hoag, 17 Wall., p. 610, and Scammon vs.Kirnball,2Otto,2>.*342. See, also, Venango National Bank vs. Taylor, 56 Pa.,i?.14.j
II. A creditor of an insolvent national bank, being such at date of its suspension,may set off the amount of his claim against any claim held by the bankagainst him at the same date ; as, for example, his note, even though suchnote had not then matured. (Berry vs. Brett, 6 Bos. IN. F.], p. 627; NewAmsterdam Savings Bank vs. Gartter,b± How. [P. 22.],j?. 385; Platt, receiver,vs. Bentley, 11 Am. Law Register,p. 171; Hade, receiver, vs. McVay, 31 O. St.,p. 231; same case, Brown's National Bankrupt Cases, p. 353; and see the casescited on p. 357, viz, 56 Maine, 167 ; 1 Paige [N. F.], p. 444 ; 12 Gray IMass.],2>.233.) .
III. Usurious interest paid cannot be set off. (Hade vs. McVay, 31 0. St., p. 231;Barnet YS. National Bank, 98 U. £.,#.555.)
IV. The United States cannot set off an indebtedness to itself from a national bankagainst the surplus proceeds of bonds deposited by said bank as securityfor its circulation. (Cook Co. National Bank, and Aug. H. Burley, receiver ofsaid bank, appellants, vs. United States. U. S. Supreme Court, October term,1882.)
[NOTE.—This was on the grounds that the bonds are a trust, and a trusteecannot set off against the funds held by him in that character, his individ-ual demand against the grantor of the trust.]
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SHAREHOLDERS.
I. GENERAL RULES.—A person is presumed to be the owner of stock when hisname appears on the books of a company as a stockholder; and when he issued as such the burden of disproving such presumption is cast upon him.(Turnbull vs. Payson, 95 U. S. [5 Otto], p. 418.)
II. Shareholders have no standing in court to interfere for the protection of theircompany until the board of directors has neglected, or refused on appli-cation, to take the proper steps to protect the interests of the company.(Fifth National Bank, <fc. vs. Railroad Co., 2 Thomp. Cases, p. 190.)
III. Shares of stock in a national bank are salable and transferable like otherpersonal property; and the statute recognizes this transferability by au-thorizing each association to prescribe the manner of their transfer. (John-ston vs. Lafflin, 103 TJ. S., per Field, J., on p. 803.)
IV. This power can only go to the extent of prescribing conditions essential to theprotection of the association against fraudulent transfers, or such as aredesigned to evade just responsibility. It must be exercised reasonably.Transfer cannot be clogged with useless restrictions, nor be made depend-ent on the consent of directors or stockholders. (Ibid.)
V. As between the parties to a sale, it is enough that the certificate of stock isdelivered, with authority to the purchaser, or any one he may name, totransfer it on the books of the association, and payment of the price. (Ibid..jp. 804.)
VI. The entry of the transaction on the books of the association is required, notfor the translation of title, but for the protection of parties and othersdealing with the bank, to enable the bank to know who are its stockholders,entitled to vote and receive dividends. It is necessary to protect the selleragainst subsequent liability as stockholder, and perhaps also to protect thepurchaser against proceedings by creditors of the seller. (Ibid., Field, J.fp. 804.)
VII. When a national bank reduces its capital, each shareholder is entitled to areturn of his proportional amount, and the bank cannot retain the fundsas surplus, or for any other purpose; and having refused to permit sharesthus retired to be transferred on its books, the bank is liable for the valueof the shares to the holders. (Seeley vs. New York National Exchange Bank,4 Abb. New Cases, p. 61.)
VIII. INDIVIDUAL LIABILITY OF.—The Comptroller must decide when and for whatamount the personal liability of the shareholders of an insolvent nationalbank shall be enforced. (Kennedy vs. Gibson, 8 Wall., p. 505.)
IX. His decision as to this is conclusive. Shareholders cannot controvert it.(Ibid., p. 505; Casey vs. Galli, 94 U. S. [4 Otto], p. 673; Germunia NationalBank et al. vs. Case, receiver, TJ. S. Supreme Court, 99 Otto, p. 628.)
[NOTE.—These cases are decisive against the ruling in Bowden vs. Morris,1 Hugh., p. 378.]
X. In any suit brought to enforce such personal liability, such decision of theComptroller must be averred by the plaintiff, and, if put in issue, must beproved. (Kennedy vs. Gibson, supra.)
XL The liability of shareholders is several and not joint. (Ibid., p. 505.)XII. The limit of such liabilities is the par value of the stock held by each one,
(Ibid., p. 505.)XIII. Where the whole amount is sought to be recovered, the proceeding must be
at law; where less is required, the proceeding maybe in equity, and insuch case an interlocutory decree may be taken for contribution, and thecase may stand over for the further action of the court, if such actionshould subsequently prove to be necessary, until the full amount of theliability is exhausted. (Ibid., p. 505.)
XIV. In such equity suit, all shareholders within the j urisdiction of the court shouldbe made parties defendant; but it is no defense that those not within thejurisdiction are not joined. (Kennedy vs. Gibson, supra.)
XV. Suits to enforce personal liability of shareholders may properly be broughtbefore other assets are exhausted. (Ibid., pp. 505-6.)
XVI. One Stevens bought shares in a national bank, and caused them to be trans-ferred to one Elston, a porter in the office of his New York broker, and ir-responsible. At the time of the transfer there was no suspicion of the in-solvency of the bank, and it remained in good credit for more than a yearafterward: Held, that Stevens was liable as stockholder upon the failureof the bank. (Davis, receiver, vs. Stevens, 2 Thomp. Cases, p. 158, TJ. S. CircuitCourt Southern District N. Y., per Waite, C. J.)
XVII. Where, before the failure of a bank, stock was transferred on its books tothe name of an irresponsible person, for the purpose of escaping liability,
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and so stood at tbe time of the appointment of a receiver: Held, that thereceiver could show who the real owner was, and that the latter was liablefor the assessment. (Ibid.)
XVIII. RATABLE LIABILITY OF.—Mr. Morse, in his Treatise on Banks, &c, secondedition, p. 50/5, states the law in substance as follows: "The liability ofeach stockholder is precisely for his ratable proportion of that indebtednessof the bank which is to be borne by the shareholders. It is for his shareof such total indebtedness, not for his proportion of each item thereof.Neither are the solvent shareholders, or those who can be come at for col-lection, liable to assessment beyond the proportional amount as abovestated, by reason of the insolvency or inaccessibility of others of the share-holders. Those who are solvent and accessible have not the burden ofpaying off the sum which is due from all together; only their own propor-tionate share." This theory was fully sustained by the United States Su-preme Court in the case of United States vs. Knox, 102 U. S.,p.A22. Seealso the cases there cited. When the holder of shares of national-bankstock has information causing apprehension of its failure, and colludes withand transfers his shares to an irresponsible transferee to avoid liability,the transaction will be deemed to be a fraud on the creditors of the bank,and the transferor will be held to his liability. The transfer is good asbetween the parties, however, and only voidable by election of plaintiff.This case isone of equitable cognizance, and either party may be held liable.(Orson Adams, substituted for George E. Bowden, receiver, vs. Jacob C. Johnsonand Betsey Valentine, U. S. Sup. Court, October term, 1882.)
XIX. LIABILITY OF EXECUTOH, ADMINISTRATOR, AND HEIRS OF.—Where stock-holder died, before failure of bank, stock not having been transferred toname of administrator: Held, that the stock is not to be regarded as hav-ing been at the time of the failure the property of the administrator, insuch a sense as to constitute him a shareholder within the meaning of sec.5152, U. S. Rev. Stat., so as to limit liability of the estate to funds actuallyin the hands of administrator: Held, also, that the provision of the act ex-empting executors, administrators, and trustee from personal liabilitywas not intended to affect the liability to assessments of estates in processof settlement, but only to prevent a personal liability from running againstpersons acting in a trust capacity, who had received the stock for thebenefit of trust estates. (Davis vs. Weed, 44 Conn., p. 569.)
XX. The liability of a stockholder is in the nature of a contract, and as such wasa personal liability, for which his estate was holden at his death. (Davisvs. Weed, supra, citing Hawthorne vs. Calef, 2 Wall., p. 22; Lowry vs. Jamen,46 N. Y., p. 119; Bailey vs. Hollisttr, 26 N. Y., p. 112.)
XXI. LIABILITY OF TRUSTEE OF.—To protect trustee of stock from personal lia-bility it must appear upon the books that he held as sueh trustee. (Davisvs. Essex Baptist Society, 44 Conn., p. 582.)
XXII. Creditors have a right to know who have pledged their personal liability.(Ibid.)
XXIII. If a trustee wishes to disclose his trusteeship, there is no difficulty in givingnotice upon the books of the bank. If he does not do so, he is guilty oflaches, for which others should not suffer. (Ibid.)
XXIV. The settlement of the affairs of an insolvent bank would be rendered a mat-ter of great labor, expense, and delay if persons who appeared upon thebooks of the bank as individual stockholders were permitted to relievethemselves by proof aliunde that they held the stock as executors, guard-ians, or trustees. (Ibid.)
[NOTE.—The last-cited case, and Davis vs. Weed, supra, although re-ported in the Connecticut Reports, were decided by the United StatesDistrict Court.]
XXV. LIABILITY OF TRANSFEREE OF.—The transferee of shares, when such transferis absolute on the books of the bank, is liable to creditors to the amount ofsuch shares, although in fact he holds them as collateral security for aloan to the shareholder who transferred them. (Hale vs. Walker, 3L Iowa,p. 614; Adderly vs. Storm, 6 Hill, p. 624; Van Biker's case, 20 Wend., p. 614;Bowden, receiver, vs. Santos et ah, 1 Hugh., p. 158; Marcy vs. Clark, 17 Mass.,p. 330.)
[NOTE.—In the Banker's Magazine for January, 1875, is a notice of the caseof Mann, receiver, vs. Dr. Cheeseman, decided by Blatchford, J., in the United.States Circuit Court in New York, in which the judge held that until therewas a transfer of shares on the books of the bank, the shareholder whose namethere appeared was liable for the debts of the bank j that an actual sale and
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the signing of the ordinary power of attorney on the back of the certificatewill not relieve the seller To the foregoing rulings of State and othersubordinate tribunals may now be added the decision of the Supreme Courtof the United States in Germania Bank et al. vs. Case, receiver, already cited.The Germania National Bank of New Orleans discounted a note for thefirm of Phelps, McCullongh & Co. for $14,000, at ninety days, taking aspart security therefor the pledge of 100 shares of the Crescent City NationalBank stock, with power of attorney to the Germania cashier to transfer,sell, &c, on default in payment) of the note. Phelps, McCullough & Co.failed, and the note was protested at maturity. Prior to the maturity ofthe note, the Crescent City Bank sustained such heavy losses that it wasnotoriously in bad repute in New Orleans; and yet, when the note fell duethe cashier of the Uermania immediately transferred to his own bank, uponthe books of the Crescent City Bank, the 100 shares so pledged. Afterwards,on the same day, he transferred 76 of these shares to one Waldo, a clerk ofthe Germania Bank; and on the day following transferred the remainder tosaid Waldo. It was proved that Waldo paid IK thing, was the mere agentof the Germania Bank, which still owned the 100 shares as security for thepayment of said note, and that one of the principal reasons for the trans-fers to Waldo was the possible liability of the shareholders of the CrescentCity Bank for its debts in case of insolvency. Soon after, the Crescent CityBank failed. Held, per Strong, J., that the transfers to said Waldo werevoid as against said receiver, and that although the Germania Bank onlyheld said shares as collateral security for the payment of said discount, itwas still liable as owner for the assessment in this case ordered by theComptroller. The opinion is able and fortified by numerous authorities.In this same case, at a former term, upon a motion to dismiss the appealsof certain of the appellants, the Supreme Court recognized the right of theComptroller to make an additional assessment, if deemed necessary; andfor this reason sustained the appeals, holding that the matter in disputewas, or might be, over $5,000, although the decrees appealed from were sev-erally less than that amount. The assessment wras for 70 per cent.]
(See, also, Pullman vs. Upton, 96 U. 8. [6 Otto'], p. 328, as to liability oftransferee.)
XXVI. Where a shareholder of a corporation is called upon to respond to a liabilityas such, he is not permitted to deny the existence of such corporation.(B. U. Keyser, receiver, vs. Jane C. Hitz, Supreme Court, D. C, June 26, 1883.)
XXVII. Under married women's act, D. C, where during marriage a married womanacquires bank stock otherwise than from her husband, both her title andliability are absolute. {Ibid.) Where she acquires it from her husband,she holds it with a qualified property in her husband. It is liable, as achose in action, to be reduced to his possession. (Ibid.) Where a woman,holding savings-bank stock acquired by deed or gift from her husband,agrees, with his consent, to convert the stock into national-bank stock, andalthough still holding it subject to his marital rights, she is liable to assess-ment as a stockholder and must pay such assessment from her estate.(Ibid.) If the transfer to her and the subsequent conversion were withouther knowledge, it might be otherwise.
XXVIII. The liability incurred by a holder of national-bank stock is statutory andnot by contract. Being so it attaches, as an incident of ownership, to allwho are capable of such ownership, without reference to any supposed vol-untary assumption by contract, express or implied. Therefore when na-tional-bank stock is held by a feme covert, either in her own right or sub-ject to the marital rights of her husband, the liability to be assessed affectsher alone, and it is not necessary, in an action to enforce collection of anassessment, to join her husband, as would be necessary if it were a com-mon-law obligation or liability of the wife. (Ibid.)
XXIX. PLEDGE TO A NATIONAL BANK OF ITS OWN SHARES AS SECURITY.—Where anational bank made a loan upon the pledge of its own shares and afterwardsold the shares to obtain payment of the loan which exceeded the amountrealized from the shares: Held, that the owner of the shares could not, onthe ground that the statute forbids a national bank to take its own shares,as security, recover from the bank the amount realized upon the sale of theshares. (Supreme Court of the United States. First National Bank vs. Stewart.)
XXX. The Pacific National Bank of Boston was organized in October, 1877, with acapital of $250,000, with the right to increase it to $1,000,000. In Novem-ber, 1879, its capital was raised to $500,000; September 13,1881, the direct-ors voted to increase the capital to $1,000,000." On November 18,1881, thebank suspended. On December 13,1881, the directors voted that as $38,700
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of the increase of capital stock had not been paid in, the capital be fixedat $961,300, and the Comptroller of the Currency was notified to that effect,and he notified the bank, under Revised Statutes, section 5205, to pay adeficiency on its capital stock by an assessment of 100 per cent. At theannual meeting the assessment was voted, and on March 18, 1881, withconsent of the Comptroller and the approval of the directors and the exam-iner, the bank resumed businesa, and continued until May 20, 1881, whenit again suspended and was put in the hands of a receiver. Prior to May20, 1882, $742,800 of the voluntary assessment had been paid in. Com-plainant was the owner of 25 shares of stock on September 13, 1881, andafter the vote to increase the stock, took 25 shares, for which he paid$2,500, on October 1, 1881, and received a certificate. He voted for theassessment at the annual meeting, and in February, 1882, paid the assess-ment on the old and new stock, and subsequently sought to enjoin thesuit at law against him by the receiver to enforce his individual liabilityas a stockholder, under Revised Statutes, section 5151, on the ground thatthe increase of capital was illegal and void, and that the voluntary assess-ment under Revised Statutes, section 5205, relieved the stockholders ofindividual liability : Held, that he was not entitled to relief, and the billshould be dismissed. (Morrison vs. Price. Federal Reporter, vol. 23,p. 217.)
SHAREHOLDER'S RIGHT TO SUE.I. In an action by a shareholder of a national bank charging the directors with
misconduct, if the complainant fails to show a demand on the Comptrollerfor and his refusal of a direction to the receiver to bring suit, it is bad, andthe action must fail; though it is said that if the Comptroller,in a propercase, should thus refuse, probably the stockholders could sue, making thebank a proper party. (Brinkerhoffvs. Bostwick, 23 Hun. [N. ¥.], 237.)
[NOTE.—In a suit at law in New Jersey, by one Ackerman, a shareholder,against Halsey, president of the Mechanics7 National Bank, it was, by Mr. Jus-tice Uepue, Held, 1st. That a suit under section 5239 of the national bankact, to enforce the liability of a director for misconduct, should be broughtby the corporation, or, when in the hands of a receiver, by him. 2d. Thatin the event of the improper refusal of the corporation or receiver to sue,one or more shareholders might institute a suit; but in such instances thesuit should be for the benefit of all shareholders, making the bank or re-ceiver a proper party, and, of course, the proceedings should be, not atlaw, but in equity. ]
II. ACTION BY SHAREHOLDERS AGAINST BANK OFFICER FOR MISMANAGEMENT.—An action will not lie by a stockholder in a national bank against thepresident and directors for their neglect and mismanagement of the affairsof the bank, whereby insolvency ensued and the stock became worthless.{New Jersey Supreme Court. Conway vs. Halsey.)
SHARES OF STOCK.I. A national bank whose certificates of stock specify that the shares are trans-
ferable on the books of the bank on surrender of the certificates, and nototherwise, and which suffers a shareholder to transfer without such surren-der, is liable to a bonajide transferee, for value of same stock, who producessuch certificate with usual power of attorney to transfer; and this is sothough no notice had been given to the bank of the transfer. (Bank vs.Lanier, 11 Wall, p. 369.)
II. Shares are quasi negotiable. (Ibid, p. 369.)III. Stock of an incorporated company is chose in action. (B. U. Keyser vs. Jane C.
Hitz, Sup. Court D. C, June 26, 1883.)IV. The creditors of a shareholder in a national bank sued him in the place where
the bank was located, and attached his stock, obtained judgment, sold theshares on execution, and on the sheriff's certificate the bank transferred thestock to purchasers. It appears that a year previous to this action theowner had assigned them to D, with power of attorney to make the trans-fer, and, January, 1869, D assigned them to S for full consideration, powerof attorney, &c. S went to bank to make the transfer. The bank refus-ing, he brought suit and recovered judgment. The judge held that wherethere are no positive provisions of law making transfers without publicnotice void as against attaching creditors, such creditors take their debt-or's property subject to honest and bonajide liens and equitable transfers.(Scott vs. Pequonnock NatH Bank, U. S. Circuit Court, S. D. N. Y.)
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SHARES OF STOCK—Continued.
V. ASSIGNMENT OF BANK STOCK NOT TRANSFERRED ON BANK BOOKS.—The by-laws of the Eliot National Bank provided that its stock should be assigna-ble only on the books, and that when the stock was transferred the certifi-cate should be returned and canceled, and a new one issued. The ownerof stock assigned his certificate with power of attorney to the ContinentalNational Bank as collateral security for a loan: Held, that this assignmentto the latter bank was valid against an attachment of the stock by the for-mer bank in an action by it against the owner of the stock. ( United StatesCircuit Court, Mass., May 21, 1881; Continental National Bank vs. Eliot Na-tional Bank.)
VI. The payee and indorser of a negotiable promissory note is liable as maker wherehe knows the maker is a fictitious x>erson; and if he were to be regardedas an indorser, he would be liable on his indorsement without demand ornotice. The sale which section 5201 Rev. Stat. requires a national bankto make of its own stock is real and not fictitious. And where the presi-dent and cashier of a national bank, which is the owner of some of its ownstock, purchase such stock, and execute their note to the bank for the pur-chase money, in a suit against them on the note by the receiver of suchbank they are estopped to set up as a defense that their purchase of thestock was unauthorized, or that their purchase was merely colorable, or toavoid a forfeiture of the bank's charter, or for any other deceptive or ille-gal purpose. The sale by the president of a national bank to himself andthe cashier of the stock of the bank owned by the bank may be ratified bythe bank or its legal representative; but a sale by himself to the bank ofits own stock, where he acts in the double capacity of seller and buyer,cannot be ratified when the purchase of the stock by the bank is not neces-sary to prevent loss upon a debt previously contracted. In the one casethe sale of the stock is enjoined by law, and its sale by the president maybe ratified, however irregular it may have been in the first instance; butthe purchase of its own stock by the bank is interdicted by law, and forthis act there can be no authorization in advance and no ratification after-wards. (Bundy, as Receiver, etc., vs. Jackson. Federal Reporter, vol. 24,p. 628.)
SURPLUS FUND.I. Where the shares of a national bank are assessed for taxation at their par
value, the surplus fund of such bank, in excess of the amount required bylaw to be kept on hand, is taxable. (First National Bank vs. Peterborough,56 N. H., p. 38.) But when such shares are assessed at their market value,and the amount of such surplus is taken into account in estimating suchmarket value, it is iiot taxable. (State vs. City of Newark, 10 Vroom \_N. </.],j>.380.)
II. Neither a dividend which has been declared, nor a portion of capital of a na-tional bank remaining after a reduction has been made, can be retained bythe directors to constitute a surplus fund. (Seeley vs. New York NationalExchange Bank, 4 Abb. [N. Y.~\,p. 61.) ^
III. The surplus fund which a national bank is required, by section 5199, U. S. Re-vised Statutes, to reserve from its net profits, is not excluded in the valua-tion of its shares for taxation. (Str afford National Bank vs. Dover, 2 Thomp.Cases, p. 296, Sup. Court N. H., following National Bank vs. Commonwealth,9 Wall.,p. 353; People vs. Commissioners, 94 U. S., p. 415.)
TAXATION.I. BY LICENSE.—The District of Columbia imposed a license tax on all the na-
tional banks in the District, the rate being 50 cents annually on each $1,000of the capital invested. The Citizens1 National Bank refused to pay thisassessment, and a test case was made in the District criminal court, Mr.Justice MacArthur presiding. This court, after full argument, held the taxillegal and void, as being contrary to the mode of taxation prescribed byCongress, which mode was held to be exclusive. This ruling of JudgeMacArthur is fully sustained by the supreme court of Missouri. (Carthagevs. Carthage National Bank, 71 Mo., 508 ; also by National Bank of Titusvillevs. Cadwell, U. S. Dist. Court, West. List. Pa., Fed. Reporter, XIII, p. 429.)
II. OF INSOLVENT BANKS.—A tax levied upon the property of a national bank,subsequent to its insolvency, is subordinate to the rights of a receiver, eventhough he be appointed after such levy. ( Woodward vs. Ellsworth, 4 Colo.,p. 590.)
(See Title " SURPLUS*FUND," supra.)
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102 REPORT OF THE COMPTROLLER OF THE CURRENCY.
TAXATION— Continued.III. OF INTEREST AND DIVIDENDS.—Under the internal-revenue act of July, 1870,
interest paid and dividends declared during the last five months of 1870are taxable, as well as those declared during the year 1871. {Blake vs.National Banks, 23 Wall., p. 307.)
IV. OF SHARES OF STOCK.—The act of 1864, rightly construed, subjects the sharesof tbe association in the hands of shareholders to taxation by the States,under certain limitations set forth in section 41, without regard to the factthat part or the whole of the capital of such association is invested in na-tional securities, which are declared by law exempt from State taxation.( Van Allen vs. Assessors, 3 Wall., 573. Chase, C. J., and other judges dis-sented.)
V. Act thus construed is constitutional. (Ibid.,p. 573.)VI. A certain statute of New York, which taxed shares of national-bank stock, was
declared void, because shares of State banks were not taxed, although theircapital was; the act of Congress prescribing that shares of national banksshall be taxed only as shares of State banks are. (Ibid., p. 573. The rulingas to taxing shares of stock reaffirmed in Bradley vs. People, 4 Wall., p. 459;National Bank vs. Commonwealth, 9 Wall., p. 353.)
VII. In last case, Held, that a State law requiring the cashier to pay the tax wasvalid. Meld, also, that a certain State tax law virtually taxed "shares ofmoneyed corporations," <fcc. (Ibid., p. 353.)
VIII. Section 5219 of United States Revised Statutes applies to and includes aswell the valuation of shares for taxation as the rate of tax to be imposed,and prohibits a State from discriminating, detrimentally to a nationalbank, as to either valuation or rate. Therefore, a statute of the State ofNew York which permitted a party, when being assessed, to deduct hisjust debts from the value of all his personal property, save such as was in-vested in shares of national-bank stock, was held void as to taxation ofsuch shares. (People vs. Weaver, U. S.,p. 539, overruling the judgment ofNew York court of appeals in same cause.)
IX. So in another case, where local assessors valued all other property below itscash worth, but assessed shares of national-bank stock at par or their fullvalue: Held, that the tax upon shares thus assessed ^vas invalid, and that,upon payment of the amount justly assessable, a court of equity wouldenjoin collection of the residue. (Pelton vs. Commercial National Bank ofCleveland, 101 U. S , p. 143.)
X. Where i t appeared that throughout a portion of Ohio, including Lucas County,and perhaps all over the State, a settled rule with the equalizing officerswas to value real estate and ordinary personal property at one-third of theirworth, while moneyed capital was fixed at three-fifths, and the State boardof equalization, without changing the valuation thus made of real estateand ordinary personalty, assessed national bank shares at par: Held, thatsuch unequal valuation was in violation of the constitutional rights of suchshareholders; and, on payment of the tax justly due, equity would enjoincollection of the residue. (Cummings vs. Merchants' National Bank of Toledo,101 U. S.,p. 153.)
XI. Shares of stock in national banks are personal property, and though in onesense incorporeal, the law which created them could separate them fromthe person of their owner for taxation, and give them a situs of their own.(Tappan, collector, vs. Bank, 19 Wall., p. 490.)
XII. S ction 41 did thus separate them and give them a situs of their own. (Ibid.,p. 490.)
XIII. This provision of the national currency act became a law of the property (inshares), and every State in which a bank was located acquired jurisdiction,for taxation, of all the shares, whether owned by residents or non-residents,and power to legislate accordingly. (Ibid., p. 490.)
XIV. Under the act of Congress of February 10, 1868, enacting that each State leg-islature may direct the manner of taxing all shares of stock of nationalbanks located within the State, subject to the restriction that the taxationshall not be greater than the rate assessed upon other moneyed capital in thehands of individual citizens of such State, and of a certain act of the legis-lature of Pennsylvania, which provides that such shares shall be assessedfor school, municipal, and local purposes at the same rate as is now or mayhereafter be assessed and imposed upon other moneyed capital in the handsof individual citizens of the State : Held, that shares of national-bank stockmay be valued for taxation for county, school, municipal, and local pur-poses at an amount above their par value. (Hepburn vs. School Directors ofthe Borough of Carlisle, 23 Wall, p. 480.)
[NOTE.—In this case it appeared that Hepburn owned several thousanddollars of national-bank stock, the par value of which was $100 per share,Digitized for FRASER
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 103
TAXATION—Continued.
XV.
and that it was valued for taxation, for a school tax, at $150 per share.This assessment was held valid, notwithstanding that by a certain act ofthe State legislature, applicable to the county of Cumberland, in which theborough of Carlisle was situated, certain specitied kinds of moneyed obli-gations were exempt from taxation except for State purposes. ]
sho
XVI.
The rate of taxation of shares of a national bank by a State should be thesame as, or not greater than, that upon the moneyed capital of the indi-vidual citizen which is liable to taxation ; that is, no greater in proportionor percentage of tax on the valuation of shares should be levied than uponother moneyed taxable capital in the hands of the citizen. (People vs. TheCommissioners,'(f'c, 4 Wall., p. 256.)
The act of Congress approved June 3,1864 (R. S., sec. 5219), was not intendedto curtail the power of the States on the subject of taxation, or to prohibitthe exemption of particular kinds of property, but to protect the corpora-tions formed under its authority from unfriendly discrimination by theStates in the exercise of their taxing power. (Adams vs. Nashville, 95 U.S. [5 Otto'], p. 19. See also, Saint Louis National Bank, National Bank ofthe State of Missouri, Third National Bank, Valley National Bank, and Mer-chants'' National Bank of Saint Louis vs. Papin, in United States circuit court,eastern district of Missouri, September term, 1876. Also, Gallatin NationalBank of New York vs. Commissioners of Taxes, supreme court of New York,first department, general term, November, 1876. These latter cases are pub-lished in the Bankers7 Magazine for December, 1876.)
XVII. OF TOWN AND CITY NOTES, ETC.—Section 3441, U. S. Revised Statutes, whichenacts that every national bank, State bank, or banker, or association shallpay a tax of ten per centum on the amount of notes of any town, city, ormunicipal corporation paid out by them, imposes the taxes thus laid not onthe notes, but on their use as a circulating medium, and is therefore constitu-tional. (National Bank vs. United States, 101 U. S., p. 1.)
XVIII. When by a State statute the citizen may have the amount of his indebted-ness deducted from the total value of his personal property, thus ascertain-ing the amount of bis personal estate subject to taxation, and a subsequentstatute relating to taxation of bank shares makes no provision for such de-duction, the latter statute is nevertheless the valid rule for assessing suchshares in all instances where there are no debts to be deducted. That thelatter statute does not authorize a deduction for debts does not invalidateit, except as to that distinct and separable principle.
Under such statutes assessments of bank shares where there are no debts todeduct are valid. Even in cases of assessments where debts exist, whichshould be deducted, but are not, the assessments are avoidable only, notvoid. (Supervisors of Albany vs. Stanley, U. S. Supreme Court, April, 1882.Fed. Reporter, Vol. XII, p. 82.)
Johnston vs. U. S. Court of Claims, December 1, 1881. Under section 22 of theact of March 3, 1869, relative to abatement of taxes versus insolvent na-tional banks, semi-annual taxes are expected to come out of profits of thebank, and, thus reducing dividends, they are a tax on the proprietors of theinsti.ution, not on the depositors. (Court of Claims Reports, Vol. 17, 158.)
XXI. In the two following cases, one in California and one in Alabama, it wasdecided in each instance that the particular form of discrimination underthe laws and regulations of the Stato was contrary to the Federal law per-mitting the taxation of national-bank shares by States. (Pollard vs. Zuberf65 Ala., 635, Miller vs. Heilbrun, 58 Cal., 133.) '
XXII. The former decisions of this court do not sustain the proposition that national-bank shares may be subjected, under the authority of the state, to localtaxation, where a very material part, relatively, of other moneyed capitalin hands of individual citizens within the same jurisdiction, or taxingdistrict, is exempted from such taxation. While exact uniformity or equal-ity of taxation cannot be expected under any system, capital invested innational-bank shares was intended by Congress to be placed upon the samefooting of substantial equality in respect of taxation by State authority asthe State establishes for other moneyed capital in the hands of individualcitizens, however invested, whether in state bank shares or otherwise.(Boyer Y8.*Boyer, V. S. Supreme Court, Bankers' Magazine, June 1885, p. 934.)
TRANSFERS OF ASSETS.
I. A preference of one creditor to another, within the meaning of section 5242Revised Statutes, is a preference given by the bank to secure or pay a preexisting debt. Where a person, knowing that a national bank is embar
XIX.
XX.
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104 REPORT OF THE COMPTROLLER OF THE CURRENCY.
TRANSFERS OF ASSETS—Continued.
rassed, makes to it a loan, taking as security therefor a pledge of part ofthe assets of the bank, this transfer does not give him the preference pro-hibited by tbe statute. (Casey vs. Le Societe de Credit Mobilier, 2 Woodstp. 77.)
II. WHEN NOT BINDING.—Under said section 5242, which declares void transfer*of its property by a national bank, made in contemplation of insolvency,and with a view to give a preference to one creditor over another, or witha view to prevent the application of the assets of the bank in the mannerprescribed by law, such a transfer is void if the insolvency is in the con-templation of the banl^ making the transfer, although the party to whomit is made does not know or contemplate the insolvency of the bank. (Case,Receiver, vs. Citizens1 Bank, 2 Woods, p. 23.)
III. As to when & pledge of assets, even when intended as security for. a loan to anational bank, will be held invalid as against general creditors, see thecases of Casey, Receiver, vs. Le Societe de Credit Mobilier; Same vs. NationalParlc Bank; Same vs. Schuchardt, 96 U. S. [6 Otto^pp. 467, 492, 494.
IV. After a vote of the directors to close their bank and go into liquidation, anytransfer of the assets of the bank to a creditor, whereby that creditor secures*a preference, will be presumed to be made with a fraudulent intent. (Na-tional Security Bank vs. Price, Receiver, Federal Reporter, Vol. 22, p. 697.)
Y. The Pacific National Bank of Boston suspended November 18, 1881, but afterexamination resumed March 18, 1882, with the consent of the Comptrollerof the Currency, and continued to transact business until May 22, 1882,when it again failed. Between March 24, 1882, and April 28, 1882, certaincreditors, whose claims had been disputed aud placed in a suspense account,,attached the property of the bank, whereupon the bank gave bond withthe president and a director as sureties, and the attachments were dissolved.The bank transferred to the sureties, March 22, 1882, a certificate of depositfor |100,000 on another bank, which, on April 13, 1882, was exchanged forother property. Held, that such transfer was not made after the commissionof an act of insolvency by the bank, or in contemplation thereof, and witha view to a preference or to prevent the application of the assets as pre-scribed by the banking act. (Price, Receiver, vs. Coleman and others, FederalReporter, Vol. 22, p. 694.)
VI. A bank is in contemplation of insolvency when the fact becomes reasonablyapparent to its officers that the concern will presently be uuable to meetits obligations, and will be obliged to suspend its ordinary operations. Theintent to give a preference is presumed when a payment is made to a cred-itor by a bank whose officers know of its insolvency, and therefore that itcannot pay all of its creditors in full. Where property is transferred by abank to a creditor to avoid paying him the amount due him, and thus post-pone the failure of the bank, it is none the less fraudulent and void. Onrehearing, former opiuion (23 Fed. Rep. 311) is overruled, and transfer heldfraudulent and set aside. (Roberts, Receiver, etc., vs. Hill, AdmW, etc., Fede-ral Reporter, Vol. 24, p. 571.)
TRUSTEES, ETC.I. A trustee transferred sureties to the Merchants' Bank of Boston as collateral
for money advanced and lost in speculation. The Massachusetts supremecourt compelled the bank to restore the collateral, some $40,000, to theplaintiff, a lady, on the ground that the stocks and bonds were transferredunder such circumstances as to put the bank on inquiry.
ULTRA VIRES.I. WHAT IS.—National banks cannot sell railroad bonds for third parties on com-
mission, or engage in business of that character. (Susan Weckler vs. First .National Bank of Hagerstown, Court of Appeals of Maryland, 42 Md., p. 581.)
II. In an action of deceit against a national bank, for alleged false representa-tions of its teller in the sale to plaintiff of certain railroad bonds: Held,that the selling of such bonds on commiHsion was not within the authorizedbusiness of a national bank, and being thus beyond the scope of its cor-porate powers, the defense of ultra vires was open to it, and it was not re-sponsible for the deceit of its teller. (Ibid.)
III. A national bank has no inherent power to act as age*nt in the purchase ofbonds or stocks for third persons, and its president cannot bind it by anagreement so to act without special authority. (First National Bank ofAllentown vs. Hoch, 89, Penn., p. 324.) Quere: If the bank has no such in-herent power, how can it confer uspecial authority" on the president?
[NOTE.—Whether the purchase of promissory notes by a bank empoweredto discount them is ultra vires, is a question upon which the adjudication*Digitized for FRASER
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 105
ULTRA VIRES—Continued.
are in conflict. That such purchase is valid, see Pape vs. Capital Bank ofTopeka, 20 Kans., p. 440; Smith vs. Exchange Bank, 26 0., p. 141, $c. Percontra, see Farmers and Mechanics' Bank vs. Baldwin, 23 Minn., p. 198; FirstNational Bank of Rochester vs. Pierson, 1 Thomp. Cases, p. 673. There ismuch in the point that if a national bank can purchase promissory notes, itcan do so for such price as the seller may be willing to take; and thus theprohibitions as to usury may be practically nullified. But further, whyshould not the rule a expressio unius est exclusio alterius" control? In Na-tional Bank vs. Johnson, 104 U. S. 271, the United States Supreme Courtheld that a national bank may purchase business paper (promissory notes)when the transaction amounts in law to a discount, but expressly leaves un-decided the question whether such bank can buy such paper "indorsedwithout recourse," or transferred by delivery only. (See the closing para-graph of opinion.)]
IV. WHAT IS NOT.—A national bank took a lien upon real estate to secure a pre-existing debt. Afterward the bank paid $500 to discharge a prior lien uponthe land, taking a note and mortgage on laud in Kansas to secure this ad-vance. Lien and mortgage held valid and warranted bylaw. (Ornn vs.Merchants1 National Bank, 16 Kans.,p. 341.)
V. A chattel mortgage taken by a national bank to secure a pre-existing debt isvalid, and will be enforced. (Spofford vs. First National Bank, 37 Iowa, p.181.)
VI. A bank organized under the national bank act has power to sell any im-movable it may own, and may reserve a mortgage and vendor's privilege(lien) thereon. (New Orleans National Bank vs. Raymond, 29 La. Annual, p.355.)
VII. It would seem that where a national bank had realized the considerationagreed upon for its guarantee of the paper of another, the doctrine ofestoppel in pais precludes such bank from asserting that such guarantee is-ultra vires. (People's Bank vs. National Bank, 101 U. S., p. 181.)
VIII. A national bank has corporate power to enter into an agreement with a cus-tomer to exchange for him non-registered for registered United States,bonds; and it is bound by an agreement to that effect, made for a sufficientconsideration by its cashier. (Yerkes vs. National Bank, 69 N. Y., p. 382.)
(See, also, Title "DEPOSITS, SPECIAL," ante.)IX. A township in Vermont issued its bonds with interest coupons attached.
Each coupon contained an express promise to pay, &c. A national bankbought of these bonds, and sued the township in assumpsit, on unpaid cou-pons : Held, that the action was in due form, and that a national bank couldlegally buy, hold, and sue upon such bonds and upon the coupons. (NorthBennington Bank vs. Bennington,16 Blatchf.,p,h3.)
USURY.I. State laws relative to usury do not apply to national banks. (Farmers and
Mechanics7 National Bank vs. Dearing, 1 Otto, p. 29.)II. The only forfeiture declared by the 30th section of the act of June 3, 1864
(Revised Statutes, section 5198) is of the entire interest which the note orbill carries with it, or which has been agreed to be paid thereon, when therate knowingly reserved or charged by a national bank is in excess of thatallowed by that section ; and no loss of the entire debt is incurred by suchbank as a penalty or otherwise, by reason of the provision of the usury lawof a State. (Farmers and Mechanics7 National Bank vs. Bearing, above cited;National Exchange Bank vs. Moore. 2 Bond, p. 170; Barnett vs. National Bank,98 U. S. [8 Otto}, p. 555.)
III. If usurious interest has been paid to a national bank, twice the amount ofinterest thus paid may be recovered from such bank by the person payingthe same, or his legal representative; but as this provision of the statute ispenal and the same statute prescribes how such recovery may be had, noother remedy can be resorted to. It must be recovered, if at all, iu a suitin the nature of an action of debt. That the borrower from a nationalbank has paid usurious interest can avail him nothing, as a defense, or byway of a set-off, when sued for the amount of the loan by the bauk. (Bar-nett vs. National Bank, above cited.)
(See Title "INTEREST," ante.)IV. While the national bank act prescribes penalties for usury, it does not make
the contract (e.g. contract of indorser) void; and for the court so to decidewould be to add a penalty not imposed by the statute. This the court willnot do. (Oates vs. First National Bank of Montgomery, 100 U. S., p. 239.)
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106 REPORT OF THE COMPTROLLER OF THE CURRENCY.
USURY—Continued.V. The assignee in bankruptcy of a borrower from a national bank may sue for
and recover the penalty for having received usurious interest. ( Wright vs.First National Bank of Greensburg, 2 Thomp. Cases, p. 138, U. S. Cir. Court,Indiana.)
VI. The exacting of usurious interest by a national bank, upon the diseount of anote, works a forfeiture of interest accruing after, as well as before, thematurity of the note. (National Bank of Uniontown vs. Stauffer, 2 Thomp.Cases, p. 178, U. S. Cir. Court, Western District Penn.)
VII. There are no State banks of issue in this State entitled to receive more thansix per cent, interest, consequently national banks cannot contract for orreceive a higher rate than six per cent. Where money is recoverable undera statute that makes no provision for interest none can be recovered.(Supreme Court of Pennsylvania, Columbia National Bank vs. Bletz.)
A person who procures the discount by a national bank of promissory notesof others, held by him, he indorsing the same, at an unlawful rate of inter-est, may maintain an action to recover back from the bank twice the amountof such interest, under the provisions of the United States Revised Statutes,section 5198, giving the right to such an action, and this, notwithstandingthe transaction, would not, under the law of the State where the bank islocated, be usurious if between private persons. (United States SupremeCourt, December 12, 1881. National Bank of Gloversville vs. Johnson.)
VIII. Th« provision of the national banking act against usury will be enforcedin favor of the original borrower, or any one who, for a good cause, repre-sents his interest. The bank will be allowed to set off the penalty by ex-penses of exchange, and by any just debt against the original borrower.State laws not applicable. (Barrett vs. Shtlbyville National Bank, Banker'sMagazine, Vol. 40, p. 212.)
IX. The Federal statute provides the only remedy, and that by way of penalty,against a national bank for the taking of usury; thus the plaintiff hadbrought a suit in the United States court to recover the penalty prescribedby the said statute, and had obtained a judgment. Held, that he couldnot thereafter maintain an action of assumpsit in a State court to recoverthe excess above the legal interest paid to the bank. (Phillips Hill vs. Na-tional Bank of Barre; Vermont Supreme Court, Banker's Magazine, April, 1885,p. 775.)
VlSITORIAL POWERS.
I, Section 5241 U. S. Rev. Stats, prohibits a State court from compelling officersof a national bank to produce the bank books for the purpose of ascertain-ing facts upon which to impose a State tax upon the deposits of depositors.(National Bank of Youngstoivn vs. Hughes, Auditor, $"c, 2 Thomp. Cases, p.176, U. S. Cir. Court, N. Dist. Ohio.)
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 107
Table showing by States the number and capital of national banks, the corporate existenceof which was extended prior to November 1. 1885.
State.
AlabamaColoradoConnecticutDelawareDistrict of Columbia.'GeorgiaIllinoisIndianaIowa"KansasKentucky.LouisianaMaineMarylandMassachusettsMichiganMinnesotaMissouri
21
731121
4632232
101
5329
1991968
Capital.
$350, 000200, 000
22, 450, 8201,503, 185
500, 000150, 000
6, 090, 0004,157, 0002, 545, 000
200, 0002, 950, 000
300, 0008, 630, 000
12, 069, 96085, 712, 500
1, 575, 0002, 100,0003, 150, 000
State.
NebraskaNew HampshireNew JerseyNew York*North CarolinaOhio.... :OregonPennsylvania.Rhode IslandTennesseeTexasVermontVirginiaWest VirginiaWisconsin
No. of Ibanks. Capital .
Total 1,199
23448
2211
821
16359
41
287
1119
$250, 0004, 455, 0009, 783, 350
72, 572, 460300, 000
14, 854, 000250, 000
43, 779, 39019, 959, 8001,150, 000
300, 0005,156, 0001, 416, 0001, 341, 0001, 685, 000
331, 885, 465
National banks whose corporate existence will expire during the year 1836, with the date ofthe expiration, the amount of capital stock of each bank, the United States bonds on depositwith the Treasurer, and the amount of circulation issued thereon.
No. Title of bank.
16381635
164216441639164016491648
1652
1651166116561657166416621663
16721666
The Northfield National BankThe Shenandoah Valley National Bank ot
Winchester.The National Bank of Texas, GalvestonThe First National Bank of HoustonThe National Bank of AthensThe Merchants'National Bank of Savannah
! The First National Bank of HelenaThe Merchants1 National Bank of Little
Rock.j The Rocky Mountain National Bank of
Central City.The Colorado National Bank of DenverThe First National Bunk of Fort DodgeThe First Nation d Bank of WilmingtonThe San Antonio National BankThe National Bank of LebanonThe Ridgely National Bank of Springfield...The Pennsylvania National Bank of Potts-
ville.The First National Bank of AtchisonThe Cleveland National Bank
22, 50031, 50072, 00054, 45090, 000180, 000
180,00045, 00045, 00045, 00011,25045, 000180, 000
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1 0 8 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Number of hanks organized and in operation, with their capital, bonds on deposit, and circu-lation issued, redeemed, and outstanding on November 1, 1885.
States and Ter-ritories.
MaineNew HampshireVermontMassachusetts.Rhode Island..Connecticut . . .
Eastern States
New YorkNew JerseyPennsylvania..DelawareMarylandDist! Columbia.
Middle States
VirginiaWest Virginia.North Carolina.South Carolina.GeorgiaFloridaAlabamaMississippiLouisianaTexasArkansasKentuckyTennessee
Southern States
MissouriOhioIndianaIllinoisMichiganWisconsinIowaMinnesotaKansasNebraska
WesternStates
NevadaOregonColorado...UtahIdahoMontanaWyomingNew Mexico . . .DakotaWashington .. .ArizonaCalifornia
Pacific Statesand Territ'es
Add for muti-lated notes...
Total currencybanks
Add gold banks.
United States
Banks.
Organ-ized.
.815461
2626494
616
41582
332164711
903
37261814236
138
13718
8147
365
6727914722413879
167669380
1,340
2123494
2058
48173
20
182
3,406
3,406
Inliqui-da-
tion.
105
1413
310
55
981047
35
163
1353
6132432
1315
70
2576575936304117183
362
1
9"3
5
3233
29
679
679
Inopera-tion.
714947
2496184
561
31772
2851644
. 6
740
24211514175
1069
686
6832
295
4220390
16510249
126497577
978
11225
64
1558
4515
17
153
2,727
2,727
Capitalstock paid
in.
$10, 260, 0006,155, 0007, 541, 000
97,251,80020, 340, 05024, 921, 820
166, 469, 670
83, 039, 76012, 728, 35061,261,1402, 033, 985
14, 429, 9601, 377, 000
174, 870,195
3, 996, 3002, 111, 0002,126, 0001, 936, 2002, 686, 000
300, 0001, 825, 000
475, 0003, 625, 0006, 895, 900
705, 00013, 300, 4005, 007, 500
44, 989, 300
6, 631, 00036, 804, 00012, 249, 50025, 362, 60013,110, 9004, 485, 000
10,145, 00011, 363, 7005,157, 1006, 210, 000
131, 518, 800
75, 000935, 000
2,135,000800,000250, 000
1, 835, 000800, 000650, 000
2, 695, 0001, 005, 000
3, 850, 000
15, 030, 000
532, 877, 965
532, 877, 965
U. S. bondson deposit.
$8, 724, 2505, 980, 8005, 744, 900
64, 278, 25013, 058, 30018, 009, 750
115,796,250
41, 907, 8009, 702, 850
42,420,0001, 884, 2007, 791, 9501, 060, 000
104, 766, 800
2, 592, 2001, 337, 5001, 097, 0001, 216, 3501, 742, 000
147, 5001, 067, 500
175, 0002, 225, 0001, 955, 500
360, 0008, 894, 0002, 482, 000
25, 291, 550
1, 708, 85022,123, 5507, 767, 3008, 234, 2504, 205, 5002, 235, 7504, 036, 0002, 385, 9001, 779, 8002,102, 500
56, 579, 400
39, 000499, 900
1, 090, 000437, 500
67, 800439, 350192, 500442, 500819, 000260, 000
1, 643, 000
5, 930, 550
308, 364, 550
308, 364, 550
Circulation.
Issued.
$31, 878, 55020, 066, 65528, 262,130
273,780,31557, 989, 80575, 385, 840
487, 363, 295
249, 088, 68544, 953, 880
171, 822,1555, 708, 885
34, 270, 7804, 603, 500
510, 447, 885
10,919,1306, 771, 9905, 850, 2405,016,2757,176, 700
221,4104, 255, 670
268, 8909, 507, 2604, 447, 6601, 032, 750
31,617,3559, 917, 210
97, 002, 540
15, 316,16590, 303, 98047, 780, 85546, 484, 88525, 439, 62011, 320, 01019, 691, 15010, 442, 950
5, 099, 2604, 413,120
Redeemed.
$23, 344, 95314, 722, 09622,515,651
211, 975, 69844, 808, 04858, 706, 730
376, 073,176
204, 899, 70335, 603, 693
129,167, 3204,120,145
26,125, 2313, 734, 771
403, 650, 863
8, 509, 4625, 317, 8674, 620,1903, 946, 9305, 407, 011
110, 2603,174, 947
107,5997,038,1182, 475, 301
678, 600- 22, 007,444
7, 415, 111
70, 808, 840
12, 646, 83465,821,26938, 230, 73337, 383, 69619, 900, 3088, 761, 987
14, 835, 7628, 127, 5773, 396, 9892, 453, 065
276,291,995 | 211,558,220
198, 5201, 006,1903, 653, 3601, 343, 750
345,4301, 365, 560
358, 7401, 223, 8901, 354,180
754,18065, 790
2, 359,130
14, 028, 720
1, 385,134, 4353, 465, 240
1, 388, 599, 675
168,418577, 430
2, 494, 857912, 301259, 674890, 446217, 000833, 767590, 915269, 970
29, 910903,830
8,148, 518
1, 070, 239, 6173, 080, 971
*Outstand-ing.
$8, 533, 5975, 344, 5595, 746,479
61, 804, 61713,181, 75716, 679,110
111, 290,119
44,188,9829, 350,187
42, 654, 8351, 588, 7408,145, 549
868, 729
106, 797, 022
2, 409, 6681, 454,1231, 230, 0501, 069, 3451, 769, 689
111,1501, 080, 723
161, 2912,469,1421, 972, 359
354, 1509, 609, 9112, 502, 099
26,193, 700
2, 669, 33124, 482, 7119, 550,1229,101,1895, 539, 3122, 558, 0234, 855, 3882, 315, 3731, 702, 2711, 960, 055
64, 733, 775
30,102428, 760
1,158, 503431, 449
85, 756475,114141, 740390,123763, 265484, 210
35, 8801, 455, 300
5, 880, 202
568, 081
314, 894, 818384, 269
1, 073, 320, 588 315, 847,168
* Including $39,542,979 for which lawful money has been deposited with the Treasurer of the UnitedStates to retire an equal amount of circulation which has not been presented for redemption.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 109
Number and denominations of national-bank notes issued and redeemed, and the number ofeach denomination outstanding, on November 1 in each year, from 1873 to 1885.
1873.IssuedRedeemed..
15, 524,189 5,195, 111 34, 894,456 12, 560, 399
Outstanding.
1S74.Issued . . . .Redeemed..
16, 548, 259 5, 539,113 39, 243,136 13, 337, 07611,143, 606 3, 555, 019 13, 041, 605
Outstanding.
1875.IssuedRedeemed
Outstanding.
1876.IssuedRedeemed
Ones. Twos.
9, 891, 606 3,120, 723
5, 632, 583 2, 074, 3«8 25, 752, 493
5, 404, 653jl, 984, 094 26, 201, 531
14, 092,12614, 616, 623 24, 926, 771
3, 954, 050 1,423,129 22,128, 413
Fives.
9,141, 963
18, 046,176 6, 039, 752 47, 055,184 17, 410, 507
18, 849, 264i6, 307, 448 51, 783, 528 20, 008, 652_ _ — _ . i _ . . . - - e , - ~ — — ---i
15, 556, 70815,124, 546 32, 382, 056 10, 369, 214; 3, 052, 246
3, 292, 556 1,182, 902 19, 401, 472Outstanding.
1877.Issued 20, 616, 024 6, 896, 968 56, 816, 848 22, 266, 064Redeemed . . ' . " ' . . 16, 815̂ 568J5, 555* 526 38,115, 868 12, 434, 779 3̂ 703̂ 528
Outstanding.! 3, 800, 456 1, 341, 442
1878.Issued 22, 478, 415 7, 517, 765 61,191, 288 24,157, 293| 7, 344,167 1,147, 578Redeemed. 18,194,196;6, 026, 692 42, 683, 433 13, 859,149 4,133,178
Outstanding.
1879.IssuedRedeemed
Outstanding.
4, 284, 219 1, 491, 073
23,167, 677 7, 747, 519 65, 578, 440 25, 904, 223; 7, 869, 951
Redeemed.
Outstanding .
1881.IssuedRedeemed
Outstanding .
1882.Issued
2, 292, 462
23,167, 677 7, 747, 519
18,700,980
19, 600, 477 6, 501, 270 45, 996, 076 14, 930, 599 4, 437, 343
3, 567, 200 1, 246, 249 19, 582, 364 10, 973, 624: 3, 432, 608
Tens. Twenties.
2, 573, 070
9, 987, 329
3, 912, 707
9, 424, 369
3, 608,219653, 071
2, 955,148
3, 962,1091,171, 6 ~
2, 790, 501
5, 296, 0647,608,532 2,204,464
9, 801, 975 3, 091, 600
6, 086, 492
9, 639, 438 3, 034, 246
9, 831, 2851 3, 072, 725
18, 507, 855 10, 298,144! 3, 210, 989
Fifties.Onehun-
dreds.
559,7221 416,590168, 976; 144, 057
390, 746 272, 533
666,950: 492,482231, 556 196, 572
Fivehun-
dreds.
16, 4969,658
6,838
17,34411, 676
435, 394
884,165381,037
503,128
985, 615515, 784
295,910 5,
645, 838j 18, 476299, 428
346, 410
710, 900395, 785
469, 831 315,115
6, 776, 253 1, 079, 7811 767, 317634, 67y
445,102
728, 222
419, 356
1, 211, 761785, 263
426, 498
loau. IIssued 23,167, 677 7, 747, 519 69,131, 976 27, 203,168; 8, 266, 398 1, 253, 865" " " 20, 875, 215 6,943, 889 49,149, 824I15. 821, l io | 4,684, 820l 825,499
803, 630 19, 982,152J11, 382, 058! 3, 581, 578; 428, 366
73, 612, 504;29, 477, 519 8, 940, 817|l, 357, 57421, 838, 565 7, 286,434153, 516, 488;17, 346, 635! 5, 084, 992J 891, 890
1, 329,112 461, 085 20, 096, 016 12, 130, 884
23,167, 677 7, 747, 519 78, 697, 424 32, 042, 260
3,855,825 465,684
9, 751, 784! 1, 453, 324 1, 035,118Redeemed - . . 122, 353, 877J7, 484,140;59, 313, 233 19, 770, 934j 5, 751, 707! 980,182
479, 317
288, 000
812, 903541, 859
271, 044
850, 720581, 604
14, 471
4,005
18, 72116, 217
2,504
20, 02217, 615
2,407
20, 21018, 895
1,315
20, 57019, 287
9,1161 1, 283
879, 490610, 601
20, 76319,484
268, 889 1, 279
959, 712660, 202
21, 95920, 495
Onethou-sands.
299, 510| 1, 464
719,130
1883.IssuedRedeemed..
23,167, 6777, 747, 519 83, 447, 208 34, 544, 086:10, 578, 8461, 556, 009 1,114, 72222, 593, 909 7, 570, 903;65,142, 56722, 712, 355j 6, 424, 638 1, 090, 703; 789,125
Outstanding.
1884.IssuedRedeemed
Outstanding .
1885.IssuedRedeemed
Outstanding.
Outs tanding, i 813, 800 263, 379,19, 384,19112, 271, 326 4, 000, 077; 473, 142; 315, 988
573, 7U8; 176, 616;18, 304, 641 11, 831, 731 4,154, 208
23,167, 677 7, 747, 51988,101,188;37,182,102 11, 442, 0911, 661, 0101,199, 75022, 671, 936 7, 603, 285J71, 039, 357)26, 050,107J 7, 481, 762 1, 216, 573; 874, 543
495, 741 144, 234117, 061, 831! 11,131, 995
23,167, 677J7, 747, 51993, 208, 400 39, 804, 001 12, 318,173 1, 758, 533 1, 287, 68622, 731 963;7, 628, 877;76, 817, 066|29, 382, 872
435, 714 118, 64216, 391, 334110, 421,129
3, 960, 329
8, 563, 79<
3, 754, 376
465, 306! 325, 597
444, 437, 325, 207
22, 78720, 880
5,1484,530
618
5,2404,683
557
5,5305,048
482
5,5395,272
267
5,6685,411
257
6,2045,900
304
6,3406,057
283
6,3636,124
239
7,1446,943
201
7,1876,990
1, 907J 197
23,163 7, 27721, 367[ 7, 092
1,796 185
23, 736 7, 36921, 981
1,755
1, 345, 762
412, 771
23, 924971, 922 22, 727
315, 764 1,197
7,156
213
7,3697,238
131
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
110 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Table showing the losses that would have been incurred by the holders of notes of insolventof the respective banks, giving results if the issue of such unsecured notes had
Name and location of bank.I3
Percentage of circulation andamount of losa.
IIIIII3"c 3-«
First National Bank of Attica, IN\ TYenan go National Bank of Franklin, Pa..Merchants' National Bank of Washing-
ton, D. C .'First National Bank of Medina, N. TTennessee National Bank of Memphis,
TennFirst National Bank of Selma, AlaFirst National Bank of New Orleans, La..National Unadilla Bank, TJnadilla, N. Y..Farmers and Citizens' National Bank of
Brooklyn, N. T ,Croton National Bank of New York,N.T..First National Bank of Bethel, ConnFirst National Bank of Keokuk. Iowa...National Bank of Vioksburg, MissFirst National Bank of Rock ford, 111....First National Bank of Nevada, Austin,
NevOcean National Bank of New York, N. Y.Union Square National Bank of New
York.N.YEighth National Bank of N"ew York, N. Y.Fourth National Bank of Philadelphia,Pa.Waverly National Bank of Waverly.N.Y.First National Bank of Fort Smith, ArkScandinavian National Bank of Chicago,
111Wallkill National Bank of Middletown,
N. YCrescent City National Bank of New
Orleans, LaAtlantic National Bank of New York,N.YFirst National Bank of Washington, D.C.National Bank of the Commonwealth,
New York, N. YMerchants'National Bank of Petersburg,
YaFirst National Bank of Petersburg, Ya..First National Bank of Mansfield, Ohio..New Orleans National Banking Associa-
tion, New Orleans, LaFirst National Bank of Carlisle, PaFirst National Bank of Anderson, Ind ..First National Bank of Topeka, Kans...First National Bank of Norfolk, YaGibson County National Bank of Prince-
ton, IndFirst National Bank of Utah, Salt Lake
City,UtahCook County National Bank of Chicago,
First National Bank of Tiffin, OhioCharlottesville National Bank of Char-
lottesville, YaMiners' National Bank of Georgetown,
ColoFourth National Bank of Chicago, 111....First National Bank of Bedford, Iowa...First National Bank of Osceola, Iowa .. -First National Bank of Duluth, Minn ...First National Bank of La Crosse, Wis..City National Bank of Chicago, [11Watkina National Bank of Watkins,
N.YFirst National Bank of Wichita, Kans ..First National Bank of Greenfield, Ohio.National Bank of Fishkill, Fishkill, N.Y.First National Bank of Franklin, Ind ...Northumberland County National Bank
of Shamokin, Pa
$70,811101, 386
165,76932, 305
65, 335132,539884, 66358, 661
1,138, 871143, 30786, 738
134, 92916, 65429, 278
163, 9821, 332, 473
175, 920263, 059342, 946111,06821,642
124, 587
175, 429
552, 308665.180
1, 372, 406
1, 024, 597
261,128125, 668102, 775
862.18146, 63457, 00531, 286101, 546
62, 647
19, 003
268, 699108, 318
224, 338
135, 79717, 90012, 62534, 53692, 88265, 846
516, 294
67, 08259, 6099, 456
388, 856182, 251
136, 475
$50, 000300, 000
200, 00050,000
100, 000100, 000500, 000120, 000
300, 000200, 00060, 000
100, 00050, 00050, 000
250, 0001, 000, 000
200, 000250, .000200, 000106,10050, 000
250, 000
175,000
500, 000300, 000500, 000
750, 000
400, 000200, 000100, 000
600, 00050, 00050, 000100, 000
100, 000
50, 000
150, 000500, 000100,000
200, 000
150, 000200, 00030,00050, 000100,00050, 000250, 000
75, 00060, 00050, 000
200, 000132,000
67, 000
$45, 000270, 000
180,00045, 000
90, 00090, 000
450, 000108, 000
270, 000180, 00054, 00090, 00045, 00045, 000
225, 000900, 000
180, 000225, 000180, 00095, 40045,000
225, 000
157, 500
450, 000270, 000450, 000
675, 000
360, 000180, 00090, 000
540, 00045, 00045, 00090, 00090, 000
45, 000
135, 000
450, 00090, 000
180, 000
135, 000180, 00027, 00045, 00090, 00045, 000225, 000
67, 50054, 00045, 000180, 000118, 800
60, 300
$168, 614
14, 23112, 295
24, 665
49, 339
' 36," 693
28, 34615, 772
61, 018
4,080
23, 358
100, 413
98, 87254, 332
58, 714
115, 997
181, 301
162,10014, 37510, 464
418
"35*544
$40,000240,000
160, 00040, 000
80, 00080, 000400, 00096, 000
240, 000160, 00048, 00080, 00040, 00040, 000
200, 000800, 000
160, 000200, 000160, 00084, 80040, 000
200, 000
140, 000
400,000240, 000400, 000
600, 000
320, 000160, 00080, 000
480, 00040,00040, 00080, 00080, 000
40, 000
120, 000
400, 00080, 000
160, 000
120, 000160, 00024, 00040, 00080, 00040, 000200, 000
60, 00048, 00040, 000160, 000105, 600
53, 600Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. Ill
national hanks if such notes had been unsecured, except oy a first lien on the general assetsteen permitted to the extent of 90, 80, 70, 50, and 2ft per cent, of the capital.
$138,614
7,965
14, 665
37, 339
16, 693
23, 34610, 772
36, 018
18, 358
75, 413
58, 87234, 332
48, 714
100, 997
131,301
142,10011, 3755,464
30, 544
Percentage of circulation and amount of loss.
140, 00035, 000
70, 00070, 000
350, 00084, 000
210, 000140, 00042, 00070, 00035, 00035, 000
175, 000700, 000
140, 000175, 000140, 00074, 200
35, 000
175, 000
122, 500350, 000210, 000350, 000
525, 000
280, 000140, 00070, 000
420, 00035, 000
$108,164
35, 00070, 00070, 000
35, 000
105, 000
350, 00070, 000
140, 000
105, 000140, 00021, 00035, 00070, 00035, 000175, 000
52, 50042, 00035, 000140, 00092, 400
46, 900
2,695
4,665
25, 339
18, 3465,722
11, 018 j
13, 358
50,413
18, 87214, 332
38, 714
85, 997
81,301
122,1008,375464
25, 554
25, 000
75, 000
250, 00050,000
100, 000
75, 000100, 00015, 00025, 00050, 00025, 000125, 000
37, 50030, 00025, 000100, 00066, 000
33, 500
1,339
8,346
.S3 i«w
la- 0 5
$25, 000 | •150,000 $48,614
100, 00025, 000
50, 00050,000
250, 00060, 000
150, 000100,00030, 00050, 00025, 00025, 000
125, 000500, 000
100, 000125, 0001C0, 00053, 00025, 000
125, 000
87, 500
250, 000150, 000250, 000
375, 000
200, 000100, 00050, 000
300, 00025, 00025, 00050, 00050, 000
O 'S3 o
If.
ft 7n "—!
3,358
413
18, 714
55, 997
82,1002,375
15,554
$20,000 I120,000 $18,614
80, 00020,000
40, 00040, 000
200, 00048, 000
120, 00080, 00024,00040, 00020, 00020, 000
100, 000400, 000
80, 000100, 00080, 00042, 40020, 000
100, 000
70, 000
200, 000120, 000200,000
300, 000
160, 00080, 00040, 000
240, 00020, 00020, 00040, 00040, 000
20, 000
60, 000
200, 00040, 000
80, 000
60, 00080,00012,00020, 00040, 00020, 000
100, 000
30, 00024, 00020, 00080, 00052, 800
26, 800
3,346
$12, 50075, 000
50, 00012, 500
25, 00025, 000
125, 00030, 000
75, 00050,00015, 00025, 00012, 50012, 500
62, 500250, 000
50, 00062, 50050, 00026, 50012, 500
62, 500
43, 750
125, 00075, 000
125, 000
187, 500
100, 00050, 00025, 000
8,714
40, 997
62,100
10, 554
150, 00012, 50012, 50025, 00025, 000
12, 500
37, 500
125, 00025, 000
50, 000
37, 50050, 0007,500
12, 50025, 00012, 50062, 500
18, 75015, 00012, 50050, 00033, 000
16,750
$18, 497
32,100
3, 044!
$122, 089434, 531
669, 51382, 338
376,932 5289,467 6
1,119,313 7127, 801
1,191,500170,75268,986
205,25633,56269,874
170,0121, 282, 254
157,120378, 772645, 55879, 86415,142
249,174 '
171,468 23
657, 020574, 513
1,619,965
796,995 27
992,636 28167,285 ! 29175,068 I 30
1,429,595 | 3167,292 i 32
143, 765 I 3355,372 I 34
176, 330
62, 646
93, 021
1, 795, 992237, 824
351, 847
177, 51235, 80156, 45734, 53587, 786
135,952703, 658
59, 22697, 46435, 023
352, 062184, 457
175,952 53Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
112 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Table showing the losses that would have been incurred by the holders of notes
Name and location of bank.
a pv
Percentage of circulation andamount of loss.
111s © 5
Hi §2
111lit
First National Bank of Winchester, 111..National Exchange Bank of Minneap
olis, Minn .National Bank of the State of Missouri,
Saint Louis, Mo .First National Bank of Delphi, IndFirst National Bank of Georgetown,
ColoLock Haven National Bank, Lock Haven,
PaThird National Bank of Chicago, 111 ....Central National Bank of Chicago, 111 ...First National Bank of Kansas City, Mo.Commercial National Bank of Kansas
City, MoFirst*National Bank of Ashland, PaFirst National Bank of Tarry town, N. YFirst National Bank of Allentown, Pa...First National Bauk oi Waynesburg, Pa.Washington County National Bank of
Greenwich, N. YFirst National Bank of Dallas, TexPeople's National Bank of Helena, Mont.First National Bank of Bozeman, Mont.Merchant's National Bank of Fort Scott,
KansFarmers' National Bank of Platte City,
MoFirst National Bank of Warren sburg, MoGerman-American National Bank of
Washington, D. CGerman National Bank of Chicago, 111...Commercial National Bank of Saratoga,
Springs, N. YSecond National Bank of Scranton, Pa...National Bank of Poultney,Poultney, Vt.First National Bank of Monticello, Ind..First National Bank of Butler, PaFirst National Bank of Meadville, Pa...First National Bank of Newark, N. J . . .First National Bank of Brattleboro, Vt..Mechanics' National Bank of Newark,
N.JFirst National Bank of Buffalo, N. YPacific National Bank of Boston, Mass.First National Bank of Union Mills,
Union City, PaVermont National Bank of Saint Albans,
VtFirst National Bank of Leadville, Colo..City National Bank of Lawrenceburg, IndFirst National Bank of Saint Albans. Vt.First National Bank of Monmouth, 111 ..Marine National Bank of New York, N. YHot Springs National Bank of Hot
Springs, ArkRichmond National Bank of Richmond,
IndFirst National Bank of Livingston, MontFirst National Bank of Albion, N. YFirst National Bank of Jamestown, DakLogan National Bank of West Liberty,
OhioMiddletown National Bank of Middle-
town, N.YFarmers' National Bank of Bushnell, 111.Schoharie County National Bank of Scho-
harie.N.YExchange National Bank of Norfolk, Va
$85,716
202,093
2,165, 38881, 941
53,145
254, 6471, 071, 774177,254267, 218
89, 38533,105107, 57579, 72520, 062
262, 88729.17775, 00065, 000
16, 671
15, 223100,870
86,142182, 570
137, 428151, 78688,17620, 75869, 27396,176553, 409
1
Total 28,379,080 ,21,858,900
"8,361,876
$50, 000
100, 000
2, 500, 00050, 000
75,000
120, 000750, 000200, 000500, 000
100, 000112, 500100, 000250, 000100, 000
200, 00050, 0U0100, 00050, 000
50, 000
50, 000100, 000
130, 000500, 000
100, 000200, 000100, 00050, 00050, 000
100, 000300, 000
3, 996, 300
$45, 000
90, 000
2, 250, 00045, 000
67, 500
108, 000675, 000180, 000450, 000
90, 000101, 25090, 000225, 00090,000
180, 00045, 00090, 00045, 000
45, 000
45, 00090, 000
117, 000450, 000
90, 000180, 00090, 00045, 00045, 00090, 000270, 000
3, 596, 670
19, 673, 010
$84,612
14, 355
2,746182, 278
61568,145
145, 275
15, 82315,000
28, 329
29, 777
30, 858267, 430
28, 2141,824
24, 242
347, 594
2,627,996
$40,000
80,000
2,000,00040, 000
60,000
96, 000600, 000160, 000400, 000
80, 00090,00080, 000200, 00080, 000
160, 00040, 00080, 00040, 000
40,000
40, 00080, 000
104,000400, 000
80,000160, 00080, 00040, 00040, 00080, 000
240, 000
3,197, 040
17,487, 040
* Estimated.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 113
of insolvent national banks if such notes had been unsecured, $c.—Continued.
Percentage of circulation and amount of loss.
$6, 855
132, 278
O
56,895 j
120, 27559, 938
10, 8235,000
$35,000 i
70,000
1,750,00035, 000
52, 500
84, 000525, 000140, 000350, 000
70, 00078, 75070, 000
175, 00070, 000
140, 00035, 00070, 00035, 000
23,329
24, 777
17, 858217, 430
8,214
19, 242
35, 000
35, 00070, 000
91,000350, 000
70, 000140, 000
70, 00035, 00035, 00070, 000
210, 000
217,424 2, 797, 410
$82, 278
45, 645
95, 275 ;49, 938 !
5, 823 •
18,329 |
19,777 !
" "l "
ll!• S g o ilt
.J5 02 ©
•I 25
$25,000 j $20,000I
50,000 !
1,250,000 !.25,000 I.
4, 858 ;167,430 j
14,242 |
37,500 I
60,000 !375, 000 ILOO, 000 i250,000 I
50,000 |56,250 $23,14550,000 i125,000 ! 45,27550,000 I 29,938
100, 00025, 00050, 00025, 000
40, 000
1, 000, 00020, 000
30,000
48, 000300, 00080, 000
200, 000
40, 00045, 00040, 000
25, 000
25, 00050, 000
65, 000250, 000
50, 000100, 00050, 00025, 00025, 00050, 000150, 000
8,329 I
9,777 |
67, 430
4,242
100, 00040, 000
80, 00020, 00040, 00020, 000
20, 000
20,00040, 000
52, 000200, 000
40, 00080, 00040, 00020, 00020, 00040, 000120,000
$11, 895
20, 27519, 938
iUIIIHi?1
$12, 500
25,000
625, 00012,500
18, 750
30, 000187, 50050, 000125, 000
25, 000
$4, 938
3,329
4,777
i7,*430
28,12525, 00062, 50025, 000
50,00012,500 |25,000 j12, 500 j
12, 500
12, 50025, 000
32, 500125, 000
25,00050,000 !25, 00012,500 !12,500 j25,000 j75,000 !
153, 920 1, 998,150 49,420 1,598,520 \ 12,392 999, 075 3, 824
1,862,950 15,301,160 1,302,944 110,929,400 474,366 8,743, 520 234, 361 5,464, 700 62,421
00
•I
$143,300 54
227,355 55
1, 935, 721133,112
196, 365
254, 6471, 061, 598298, 324392, 394
75,17533,105118, 37190, 42433,362
262, 88777,104168, 04869, 631
27, 801
32, 449156, 260
282, 370197, 353
128, 832132, 46181, 80121,182108, 38593, 625580, 592
73
16,104,195
7576
777879808182838485
| 86I 87! 88
909192
9495
96
979899100
[101
11021103
104
43,162, 549
5745 CUR 8Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
114 REPORT OF THE COMPTROLLER OF THE CURRENCY.
National banks that went into voluntary liquidation from January 1, 1879, to January 1,1881, ivith the amount of capital, circulation issued, the amount outstanding November 1,188*2, and the percentage unredeemed.
Name and location of bank.
Corn Exchange National Bank of Chicago, III.Franklin National Bank of Columbus, Ohio.. -Traders' National Bank of Bangor, Me. ------First National Bank of Gonjc, N. HFirst National Bank of Salem, N. CFirst National Bank of Granville, OhioCommercial National Bank of Petersburg, Va.First National Gold Bank of Stockton, Cal ..First National Bank of Sheboygan, WisFirst National Bank of Boscobel, WisNational Marine Bank of Oswego, N. T. . .Central National Bank of Hightstown, N. J .Brpok ville National Bank, of Brookville, IndFarmers' National Bank of Centreville, Iowa.First National Bank of Clarinda, IowaWaterville National Bank of Waterville, MeFirst National Bank of Tremont, PaFirst National Bank of Atlanta, 111Union National Bank of Aurora, 111National Bank of Menasha, WisNational Exchange Bank of Jefferson City,Mo,First National Bank of Hannibal, MoMerchants' National Bank of Winona, Minn..Farmers' National Bank of Keithsburg, 111.. -First National Bank of Franklin, Ky.National Bank of Salem, Salem, IndFourth National Bank of Memphis, TermBedford National Bank of Bedford, IndFirst National Bank of Afton, IowaFirst National Bank of Deer Lodge, Mont . -.First National Bank of Batavia, 111National Gold Bank and Trust Company, San
Francisco, Cal — ' -Gainesville National Bank of Gainesville, AlaFirst National Bank of Hackensack, N. J ...
National Bank of Delavan, WisMechanics' National Bank of Nashville, Tenn.Manchester National Bank of Manchester,
Ohio ,First National Bank of Meyersdale, PaFirst National Bank of Miminburg, PaNational Bank of Michigan, Marshall, Mich..National Exchange Bank of Houston, TexAscutney National Bank of Windsor, VtFirst National Bank of Seneca Falls, N. YFirst National Bank of Baraboo, WisBundy National Bank of New Castle, Ind
Date ofliquida-
tion.
1879.Jan. 4Jan. 4Jan. 14
| Jan. 14Jan. 14Jan. 14Jan. 14Jan. 14
! Jan. 14I Jan. 21| Jan. 25! Feb. 15| Feb. 18Feb. 27Mar. 1Mar. 3Mar. 4Apr. 15 |Apr. 22 !Apr. 26 !May 8 !May 15 jJune 16 iJuly 3
I July 5 ;July 8
I July 19 :
I July 21 |Aug. 15 jAug. 16 |Aug. 30 i
ISept. 1 I
I Nov. 25 !! Dec. 6 !i 1880. !! Jan. 7; Jan. 13! Jan. IBi Mar. 51 Mar. 8
May 14! Sept. 10! Oct. 19 !I Nov. 23 ;I Nov. 27Dec. 6 |
Totals and average percentage , j 4,930,000
Capital.
$500, 000100, 000100, 00060, 000150, 00050, 000120, 000300, 00050, 00050, 000120, 000100, 000100, 00050, 00050,000125, 00075, 00050, 000125, 00050,00050, 000100, 000100, 00050, 000100, 00050, 000125, 000100, 00050, 00050, 00050, 000
750, 000100, 000100, 000
50, 000100, 000
50, 00050, 000100, 000120, 000100, 000100, 00060, 00050, 00050, 000
Issued.
Circulation.
Outstand-ing Novem-ber 1,1882.
$59,16093, 07076, 40045, 597128, 20034, 36599, 800
238, 60045, 00043, 90044, 30032, 40089, 00041, 50045, 000110, 30064, 60026, 50082, 00044, 50045, 00088, 20035, 00027, 00054, 00044, 40045, 00087, 20026, 50045, 00054, 300
40, 00090, 00090, 000
27, 00090,000 |
48, 30330, 60090, 000100, 80031, 50090, 00054, 00027, 00045, 000
2, 839, 995
$20, 20647, 34738, 63519,10464, 82015, 65658, 897112, 20417, 91218, 83214, 52210, 77550, 75517, 90814, 02241, 26335, 74016, 82048,17617, 39220, 56550, 96613, 98414, 84029, 37514, 57027, 22532,19314, 62617, 08520, 901
21, 53060, 34250, 495
. 16,60053, 750
28,01812, 75059, 75562, 65121, 80760, 08913, 76018, 60021, 882
1,439, 345
Percent-age unre-deemed.
34.1650.8750.5741.9150.5545. 5659.0247.0339.8042.9032.7833.2557.0343.1531.1637.4155.3262. 7158.7539.0845. 7057.7839.9554.9654.4032.8160.5036.9255.1937.9748. 27
53.8267.0556.10
61.4859.72
58.0041.6766.3962.15
66.7625.4868.8948.63
50.68
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 115
National hanks that went into voluntary liquidation from January 1, 1879, to January 1,1881, with the amount of capital, circulation issued, the amount outstanding November 1,1885, and the percentage unredeemed.
Name and location of bank.
Corn Exchange "National Bank of Chicago, 111.Franklin National Bank of Columbus, Ohio ..Traders'' National Bank of Bangor, MeFirst National Bank of Gonic, N. HFirst National Bank of Salem, N. C.First National Bank of Granville, OhioCommercial National Bank of Petersburg, Va.First National Gold Bank of Stockton, Cal . . .First National Bank of Sheboygan, WisFirst National Bank of Boscooel, Wis -National Marine Bank of Oswego, N. Y.Central National Bank of Hightstown, N. J . .Brookville National Bank of Brookville. Ind..Farmers' National Bank of Centreville, Iowa.First National Bank of Clarinda, IowaWaterville National Bank of Waterville, Me.First National Bank of Tremont, PaFirst National Bank of Atlanta, IIIUnion National Bank of Aurora, 111National Bank of Menasha, WisNational Exchange Bank of Jefferson City, Mo.First National Bank of Hannibal, Mo..'Merchants' National Bank of Winona, Minn .Farmers' National Bank of Keithsburg, 111...First National Bank of Franklin, KyNational Bank of Salem, Salem, IndFourth National Bank of Memphis, TennBedford National Bank of Bedford, IndFirst National Bank of Aft on, IowaFirst National Bank of Deer Lodge, Mont . . .First National Bank of Batavia, 111National Gold Bank and Trust Company of
San Francisco, Cal '.Gainesville National Bank of Gainesville, Ala.First National Bank of Hackensack, N. J ....
National Bank of Delavan, WisMechanics' National Bank of Nashville, TennManchester National Bank of Manchester,
OhioFirst National Bank of Meyersdale, PaFirst National Bank of Miininburg, PaNational Bank of Michigan, Marshall, Mich .National Exchange Bank of Houston, Tex.. .Ascutney National Bank of Windsor, VtFirst National Bank of Seneca Falls, N. YFirst National Bank of Baraboo, WisBundy National Bank of New Castle, Ind
Date ofliquida-
tion.
1879.Jan. 4Jan. 4Jan. 14Jan. 14Jan. 14Jan. 14
i Jan. 14Jan. 14Jan. 14
| Jan. 21 |Jan. 25 |Feb. 15 !Feb. 18 |Feb. 27 !Mar. 1 iMar. 3 !Mar. 4 IApr. 15 iApr. 22Apr. 26May 8
I May 15! June 16July 3July 5July 8July 19July 21Aug. 15Aug. 16Aug. 30
Sept. 1Nov. 25 !Dec. 6 i
1880. |Jan. 7Jan. 13
Jan. 13 jMar. 5Mar. 8May 14Sept, 10Oct. 19Nov. 23Nov. 27Dec. 6
Totals and average percentage j 4, 930, 000
Capital.
$500, 000100, 000100, 000
60,000150, 000
50, 000120,000300, 000
50, OOo50, 000
120, 000100, 000100, 000
50, 00050, 000
125, 00075, 00050, 000
125, 00050, 00050, 000
100, 000100, 000
50, 000100,000
50, 000125, 000100, 000
50, 00050, 00050, 000
i
750, 000 |100,000 |100,000 |
50,000 ]
100,000 |
50,00050, 000
100, 000120, 000100, 000100, 000
60, 00050, 00050, 000
Circulation.
Issued.Outstand-
ing Novem-ber 1,1885.
$59,16093. 07076, 40045, 597128, 20034, 36599, 800
238, 60045, 00043, 90044, 30032, 40089, 00041, 50045, 000110, 3006i, 60026, 50082, 00044,50045, 00088, 20035, 00027, 00054, 00044, 40045, 00087, 20026, 50045, 00044,300 j
40,000 •90,000 I90,000 |
27, 00090, 000
48, 303 I30,600 I90,000100, 80031, 50090, 00054,00027, 00045, 000
2, 839, 995 I
Percent-age unre-deemed.
$9, 23310, 78712,4155,319
19, 6404,471
17, 78738, 5493,3323,3844,1282,085
14, 8002,4982,018
12, 73412, 3024,600 I
14,607 |3,013 |5,266 I
14.303 I2,673 !4,260 I7,690 I2,054 |8,415 j5,3652,6712,475 I4 738 |
I34,140 I19,305 !13,372 |
4,540 I20,650 ;
7,846 !2,165 ;
19,06016, 103 I6,436 !
16, 6633,8374,1192,274
408,122
15.6111.5916.2511.6615.3213.0117.8216.157.407.719.326.44
16.636.024.48
11.5419.1117.3617. 816.77
11.7016.227.64
15. 8014.244.63
18.706.15
10.085.50
10.69
35.3521.4514.86
16.8122.94
16.247.08
21.1815.9720.4318.637.18
15.255.05
14.37
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
116 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Principal liabilities and resources on October 1, 1885, of- the national
States and Territories. No. ofbanks.
MaineNew HampshireVermont
BostonMassachusetts, otherKhode IslandConnecticut.
Total Division No. 1
New York CityAlbany
New York, otherNew Jersey
Philadelphia -.Pittsburgh
Pennsylvania, other
Total Division No. 2
DelawareBaltimore
Maryland, otherWashington
District of Columbia, otherVirginiaWest Virginia
Total Division No. 3
North CarolinaSouth CarolinaGeorgiaFlorida ..AlabamaMississippi
New OrleansLouisianaTexasArkansas
LouisvilleKentuckyTennessee
Total Division No. 4
CincinnatiCleveland
Ohio, otherIndiana
ChicagoIllinois, other
DetroitMichigan, other
MilwaukeeWisconsin, other
Total Division No. 5
IowaMinnesota
St. LouisMissouri, other .KansasNebraska
Total Division No. 6
ColoradoNevada
San FranciscoCalifornia, otherOregon
Total Division No. 7
560
Capital. Surplus.
$10, 360, 0006,105, 0007, 541, 000
50, 950, 00045, 095, 65020, 340, 05024, 921, 820
165, 313, 520
45, 350, 0001, 750, 000
34, 819, 7(5012, 208, 20018, 275, 25010,150, 00032, 665, 340
155, 218, 550
17^985"11,713,2602, 716, 7001,125, 000
252, 0003, 576, 3002, 011, 000
$2, 486, 2181, 220, 4261,473, 839
11, 416, 55113, 515, 3923, 954, 8246, 717, 781
40, 785, 031
22,176, 0081,175, 0008, 926, 6563, 799, 9459, 401, 8033, 538,107
10, 067, 362
59, 084, 881
$10, 095, 4955, 425,1965,154, 308
80, 326, 96551, 715, 36713, 096, 23324, 482, 781
190,296,345
250, 494, 5557, 097, 824
77, 834, 37132, 501, 42274, 830, 55819,981,34461, 821, 735
$142, 510341, 31749, 665
128, 398269, 727128, 681309, 475
1, 369, 773
467, 34484,114
718, 953195, 322239, 953268, 482415, 651
683, 9053,136, 500
841, 766307, 00060, 000
1,143, 098512, 056
23,218,,245 |
2, 063, 5001, 935, 0002,472,345
300, 0001, 835, 000
475, 0003, 525, 000
100, 0006, 880, 000
705, 0003, 551, 5009, 648, 9005, 007, 500
3, 986, 80320, 885, 5235, 744,1993, 435,468
776, 5188, 376, 6632, 529, 279
6, 684, 325 i 45, 734, 453
3, 237, 5722, 723, 0433, 335, 352
782, 2812,143, 311
597, 4168, 923, 527
70, 2209,183, 8721, 513, 8933, 401, 8788, 233, 9317, 783, 995
524,561,809 I 2,389,819
63, 879104, 572
472, 379802, 000813,35119, 923
290, 65039,100
1, 296, 7169,000
2, 002, 203166,170809, 441
1, 922, 323998, 500
249 | 38,498,745 i
8, 600, 0006, 200, 000
21, 909, 58012,189, 50011,750,00013, 673, 6002, 900, 000
10,194, 600650, 000
3, 785, 000
9,641,756 | 51,930,291
610
365
91, 852, 280
7711, 390, 0003, 250, 0003, 311, 0004, 995, 7205, 949, 250
39, 050, 970
2, 025, 00075, 000
1, 500, 0002, 345, 000
710, 000
6, 655, 000
1, 208, 000629, 000
4, 562, 5113, 031, 9082, 691, 6004,195,183
330, 0001, 864,193
340, 000921, 608
19, 774, 003
2, 290, 5041, 851, 834
856,128623, 425668, 972944, 774
7, 235, 637
1, 003,10025, 000
234, 520548, 41581, 600
1, 892, 635
14, 060, 8048, 998, 620
31, 594, 78419, 845, 3174C, 970, 73927, 693, 7207, 313, 737
18, 575, 0615,140, 355
10,132, 396
184, 325, 533
17, 053, 77619, 651, 2965, 634, 6235, 972, 242
10, 089, 96711, 316, 707
69, 718, 611
10, 281, 553214,701
1, 090, 0895, 620, 0302, 555, 552
19, 761, 925
47, 961
"366,519
516, 931
228,128221, 28271, 37537, 75388, 011
92, 04444, 301
782, 602343, 088265, 803
2,174, 387
1, 035, 000484, 882484, 580783, 534145, 079773,176389, 90334, 827
486, 46086,109
4, 703, 550
334, 524380,199401,163
262,384352, 869
1, 817, 478
326, 029
414, 578
740, 607
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 117
tanks, by States and reserve cities, arranged in eight principal divisions.
Loans and dis- I Gold and goldcounts, including! clearing-house
overdrafts. , certificates.
$16, 604, 2658,371,374 '
10, 589,151 j125,331,305 !86, 172, 244 |31,002,631 j40,601,465 j
$589,426 ]217,329 !238,169
4,538,331 !1,826,290
389, 3631,183, 543
Gold Treasury Icertificates.' |
$7,690 |1,540
16,290 !4, 21b, 850 I
175,20044, 220
156, 920
Silver.Silver
Treasurycertificates.
Legal tendersand United
States certifi-cates of deposit.
$72,15263,788 I51,028 !
188,084 !414,280 !125,035218,713
$1,080 I340 j
2,820 !15,300 !22,540 j
6,840 I2,980 i
$182,196139. 469156, 953
4, 727, 4981, 847, 817
493, 667901, 669
318, 672, 435
236, 889, 9127,130, 412
83, 979, 72929, 365, 00267, 351, 23024, 871, 13265, 500, 467
515, 087, 884
3, 906, 83725, 803, 6385, 738, 5772,196,158
322, 9889, 459, 5753, 602, 284
51, 030, 057
4 671 9834, 589, 6435, 383, 089
644 5313, 265, 7901, 074, 6099, 729, 590
130 94313,777,2161, 801, 2457, 788,154
14, 942, 40011, 554, 177
79, 353, 370
18, 666, 70711 538 04140, 932, 22923, 357, 58546, 018, 90630, 947, 4828 513 282
21, 465, 8033, 956, 0839, 603, 256
215, 059, 374
21, 324, 48628,172, 1239, 202, 7867, 209,132
10, 730, 62715, 432, 742
92, 131, 896
7, 608, 987248 248
2 146 7716, 051, 4372, 202, 226
8, 982, 451
26, 463, 871571, 094
3, 263, 2801, 276, 343
10, 587, 7571, 807, 8343, 574, 834
47, 545, 013
136,721788, 019231,287150, 69663, 383
439, 427189, 883
1, 999, 416
160 900145, 842207,125
6 801150, 92622,119
359,0151 67*>
462,31151, 165
334, 489484, 459473, 488
2, 860, 312
445, 269749 900
2, 290,1951, 768, 7398, 765, 4762, 072, 267
944 5201, 389, 586
533, 265801, 029
19, 760, 246
948, 5881, 430, 710
853, 215373, 371720, 436909,131
5, 235, 451
! 883,53040 027
! 442 195825, 040
! 470,692
4, 620, 710
62, 249, 740319, 640
1, 221, 030327, 870122, 480299, 560180, 530
64, 720, 850
13,1001,120, 770
20, 340264, 35040, 00015, 6704,100
1, 478, 330
91097,160
8,17020
70, 040
121,70010, 77025, 00020, 68053, 540
407, 990
318, 860115 00071, 37063, 980
648, 00090,180
41,24095, 0004, 400
1, 448, 030
55, 4604,610
81, 74044, 32027, 4207,330
220, 880
3,990
50019, 7202,670
1,133,080 51,900
2,157, 046 i 583, 51030,885 | 1,250
540,283 ! 29,700353, 279 | 22, 210483,515 I 167,340123,577 j 64,620692,611 | 88,000
4, 381,196 1 956, 630
144, 550 ! 10,190127,785 | ' 6,05083, 284 ! 18, 81024,531 ! 37,2206,535 ! 4,500
89,547 ! 16,92021,097 1 14,190
397,329 | 107,880
70 760 ! 8087,230 i 1,910
116,192 | 21,10028 801 i56,272 j 26,52020,363 ! 39,850114,956 ! 273,94010 071 \ 2 910
180,773 i 118,66026, 168 1 31, 44020,979 ! 6,00076,822 ! 42,280135,217 ! 34,570
944, 604 ! 599, 260
61,958 i 222,00046 325 !274,458 ! 34,980215, 033 I 49, 520196,748 ! 63,030255,537 i 22,28040 217 1 2 750172,291 ; 13,11016,005 ! 2,18099,506 | 3,910
1,378,078 413,760
182,003 ! 32,800112,855 ! 3,00017,517 ; 9,70049,938 16,54089, 749 : 32, 150116,738 | 5,200
568,800 j 99,450
78, 947 | 11, 1805 363 1 84015 740 {49, 484 j 15, 84035,319 j 110
8, 449, 269
23, 705, 620499, 460
3, 456, 6991, 912,1319, 569, 3512,167, 8243,116, 647
44, 427, 732
193, 3313, 727, 363
400, 625469, 32785, 500
786, 902204, 795
5, 867, 843
263 186312^ 239321,017102 581167, 76441,682
1, 087, 8302 867
1, 002', 46384, 711
511, 420402, 633517, 389
4, 817, 782
3, 386, 2851 000 0002, 850| 5411, 608, 2775,911,1001, 647, 231
662 266795', 222472, 621384, 582
18, 718, 125
1,166, 647902, 453761,629377, 050743, 148545, 099
4, 496, 026
738, 5612 4762 589
48' 00428, 761
891011121314
15161718192021
oo2324°5262728°93031323334
35
3738394011424344
454647484950
i 515<>5^5455
18,257,669 j 2, 361, 484 | 26,880 184, 853 27. 970 820, 391
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
118 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Principal liabilities and resources on October 1, 1885, of the national
States and Territories.No. ofbanks.
Deposits.
Capital. I Surplus.
Individual.
565758
606162
DakotaIdaho^MontanaNew ^MexicoUtah . . . . .WashingtonWyoming
Total Division No. 8
Total for United States
414
1586
155
94
2,714
$2, 402,100250, 000
1,810,000650,000800, 000
1, 005, 000800, 000
7, 717,100
527, 524, 410
$500, 57320, 000
298, 000153,210274, 500140, 091140, 000
1, 526, 374
146, 624, 642
$3, 725, 522416, 655
5, 329, 5031, 750, 4751, 626, 6411, 450, 2061,744,353
Other.
$151,117
162, 622177, 27863,587
16, 043, 355
1,102, 372, 322
554, 604
14, 267,149
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 119
hanks, ~by States and reserve cities, arranged in eight principal divisions—Continued.
Loans and dis- Gold and goldcounts, including clearing-house
overdrafts. ] certify"4""
$4, 000, 272350,796
5, 515,1951, 423, 5131,365,2392,035,3841,860,906
16,551,305 !
1, 306,143, 990
$33, 2683,182
33, 30917,12716, 23722, 6217,117
Legal tenders jand United I
States certifi- |cates of deposit, i
$373, 82154, 291
327, 45870, 81635, 04015,10964, 416
940, 951
90, 490, 780 !, 538,119
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120 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Table, by States, Territories, and reserve cities, exhibiting the number of banks in each withcapital of $150,000 and under, and those with capital exceeding $150,000, and showingthe amount of bonds deposited to secure circulation on October 1, 1885.
States and Terri-tories.
MaineNew HampshireVermontMassachusetts
BostonRhode IslandConnecticut
New EnglandStates
New YorkNew York Ci ty . . .Albany
New JerseyPennsylvania
PhiladelphiaPittsburgh
Delaware . . .Maryland
BaltimoreDistrict of Columbia
Washington
Banks with capital of$150,000 and under.
Banks with capital over$150,000.
$5, 060, 0004, 505, 0003, 691, 0009, 657, 650
$4, 645, 3004, 350, 0002, 972, 0007,
$5, 300, 0001, 600, 0003, 850, 000
35, 438, 00050, 950, 00017, 527, 05021,721,070
$4, 064, 0001, 450, 0003, 045, 500
30, 644, 00024, 614, 65011, 004, 20015, 260,100
$10, 360, 0006,105, 0007, 541, 000
45, 095, 65050, 950, 00020, 340, 05024, 921, 820
$8, 709, 3005, 800, 0006, 017, 5C0
38, 606, 85024, 614, 65013, 595, 40018, 010,100
560 165, 313, 520 115, 353, 800
27, 267,15012, 566, 5001, 418, 0009, 326, 850
26, 629, 2009, 327, 8007, 080, 5001, 768, 2002, 479, 0006, 067, 500
250, 000730, 000
1, 750, 00012, 208, 200
150, 000100, 000920, 80(
10, 150, 0001, 823, 9852,716,7001, 865, 000 1, 679, 000
462 42, 241, 050! 34, 323, 800277 130, 608, 445 739 172, 849, 495 104, 910, 700
1, 313, 350202, 350425, 000350, 000
1, 060, 500
1, 341, 0001, 655, 0001
938, 500985, 000972, 345!300, 000410, 000475, 000100, 000
980,1, 267,
737,811,731,147,217,175,100,
2, 235, 300356, 000
1, 125, 000950, 0001
1, 500, 000
3, 525, 0002, 060, 000
450, 0005, 785, 0003, 551, 5003,100, 000
2,125, 000365, 000250, 000
4, 330, 0002, 833, 7001, 335, 000
4, 820, 000255, 000
3, 863, 900
82 26,062,800 15,489,90018, 023, 245 10, 009,150 44,086,045 25,499,050
, 014, 000[8, 600, 0006, 200, 0006, 130, 0002, 550, 000]
12, 895, 580] 9, 208, 700 15,395,2505, 585, 000
655, 0007, 546, 8006,912,7501,183, 5003, 958, 000
500, 0001, 753, 250
500,0004, 301, 0002,113, 0001, 428, 600
,0001, 702, 3002, 014, 000
909, 580600,000200, 0001189, 500673, 600750, 000:
194, 600900, 000785, 000;650, 000!155, 000390, 000,311,000i250,000!995, 720'949, 250
4,111,8005, 772, 750
3,128, 000
1," 553, 250
3, 760, 600,2, 900, 000 i
650, 000650, 000
1, 700, 0009, 000, 0001,100, 000, 250, 000,200, 000]
2,150, 000
1191 8, 455, 00035; 2, 390, 00032! 2, 211, 000
3, 904, 5001, 078, 0001, 096, 250
1, 652, 3001, 389, 000
32, 894, 550160 69, 604, 600j 23,313,900
1, 300, 000: 400, 0001, 500, OdOJ 600, 000
250, 000 250, 000460, 0002, 402,100
250, 000
173,400;736, 50067, 800
Virginia.West VirginiaNorth Carolina : . . .South CarolinaGeorgiaFlorida..AlabamaMississippiLouisiana
New OrleansTexasArkansasKentucky
LouisvilleTennessee
OhioCincinnatiCleveland
IndianaIllinois
ChicagoMichigan
Detroit.Wisconsin
MilwaukeeIowa .MinnesotaMissouri
St. LouisKansasNebraska
Colorado .NevadaCalifornia
San Francisco.OregonDakotaIdaho
2, 025, 000J75, 000
2, 345, 0001, 500, 000
710, 0002, 402,100
250, 000'
1, 032, 50040, 000960, 500600, 000423, 400736, 50067, 800
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 121
Table, by States, Territories, and reserve cities, <$~c.—Continued.
.Banks with capital of$150,000 and under.
i Banks with capital overI $150,000.
States and Terri-tories.
MontanaNew MexicoUtahWashingtonWyoming
Pacific Statesand Te r r itories
United States .
Capital.
13: $1,060,0008 650,0004 400,000
15 1, 005, 0003 200,000
U.S.bonds. Capital.
VA I
U.S.bonds.
Totals.
$289, 350412, 500187, 500380, 00055, 000
131i 8,922,100; 3,585,050 15 5,450,000
2| $750,000
2j 400,000!
600, 000
1, 889 159, 412, 445 106, 083, 900|825j368, 111, 965
Capital.
$150, 000
250, 000
ioo, ooo
15] $1,810,000 $439,350
U.S.bonds.
650, 000800,000
15 1, 005, 000|5 800,000
2,100,000 146 14,372,100 5,685,050
412, 500437, 500380, 000155, 000
1201, 573,150j2, 714J527, 524, 4101307, 657, 050
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122 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Table, by States, Territories, and reserve cities, exhibiting the number of banks in each, withtheir capital, minimum amount of bonds required by law, bonds actually held and circula-tion outstanding thereon on October 1, 1885, and also showing the increase of circulationwhich would be authorized in the event of legislation permitting banks to issue circulationto the par value of bonds deposited.
States and Territories.
MaineNew Hampshire .VermontMassachusetts . . .
BostonRhode IslandConnecticut
Capital.
United States bonds.
HeldMinimum October
: 1, 1885.
71 $10, 360, 000 $1, 965, 00048j 6,105,000 1,456,250471 7,541,000; 1,572,750
1951 45,095,650 8,064,41254i 50,950,000 2,700,00061| 20, 340, 050j 2,453,25084' 24,921,820 3,437,500
$8, 709, 300
Circulation.
Outstand-ing Octo-
ber 1, 1885.
Increaseon bondsnow de-posited
if issue isauthor-ized to
par value.
Maximumincreasewhichmight
ocourifissue is
authorizedto parvalue.
$7, 683, 079|$l, 026, 221; $2, 676, 9215,800,000 5,149,045] 650,955 955,955•6,017,500 5,355,913! 661,587 2,185,087
38, 606, 850 34, 200, 534J 4, 406, 316 10, 895, 11624,614,650 21,716,837 2,897,813 29,233,16313,595,400 12,056,177| 1,539,223 8,283,87318, 010,100 15, 932, 600 2, 077, 500 8, 989, 220
New England States | 5601165, 313, 520 21, 649,162 115, 353, 800J102, 094,185 13, 259, 615 63, 219, 335
New YorkNew York City . .Albany
New JerseyPennsylvania
PhiladelphiaPittsburgh
DelawareMaryland
BaltimoreDistrict of Columbia .
Washington
Middle States .
VirginiaWest Virginia..North Carolina.South Carolina.GeorgiaFloridaAlabamaMississippiLouisiana
New OrJeans .TexasArkansasKentucky
LouisvilleTennessee
Southern States.
OhioCincinnati..Cleveland . .
IndianaIllinois
ChicagoMichigan
Detroit"Wisconsin
Milwaukee.IowaMinnesotaMissouri
St. Louis...KansasNebraska
Western States.
ColoradoNevadaCalifornia
San Francisco.
267; 34,819,760{44: 45, 3S0, 000i61 1, 750, 000i
72| 12,208,200228 32,665,340
18, 275, 25010, 150,0001, 823, 985j2, 716, 700
11,713,260!252, 000
1,125, 000
7,681,6652, 187,500
300, 000!2, 399, 550!6, 857, 5981, 687, 5001,125, 000
380, 200666, 250850,0001
50, 000|225, 000!
27, 267,150 j12, 5(J6, 500!1, 418, 0009, 326, 850
26, 629, 2009, 327, 8007, 080, 5001, 768, 2002, 479, 0006, 067, 500
250, 000730, 000
739 172, 849, 49524, 410, 263 104, 910, 700 89, 918, 888 14, 991, 812! 82, 930, 607
23, 989, 5919, 917, 4421, 249, 7908, 007, 406
23,401,4607, 797, 648,6, 289, 7801,551,029,2, 143,7024, 756, 490
188,700625, 850
3, 277, 5592, 649, 058
168, 2101, 319, 4443, 227, 7401,530,152
790,720217,171!335, 298
1,311,01061, 300
104,150
10, 830,16935, 432, 558
500, 2104, 200, 7949, 263, 880
10, 477, 6023, 860, 220
272, 956572, 998
6, 956, 77063, 300
499,150
242115|14165
32
3, 576, 3002,011,000:2, 063, 5001, 935, 0002, 472, 3451
300, 000J1, 835, 000
475, 000,100. 000
3, 525, 000;6, 880, 000
705, 000!
9, 648, 9003,551,5005, 007, 500
735, 250!
513, 750|484, 625[396, 250443, 08675, 000|
352, 500!118, 75025, 000
400, 000;1, 555, 000:
163, 750,2, 065, 975!
450, 000!826, 875!
2, 293, 350i1, 469, 850i1,162, 0001, 161, 3501, 792, 000
147, 5001,117,000
175, 000100, 000
2,125, 0001, 950, 500
360,0006, 440, 3002, 833, 7002, 371, 500
2, 007, 5001, 291, 765
993, 4151, 002, 4451,570,900
120,185990, 450150, 990,90, 000
1, 886, 345|1, 739, 250,
32B, 3005,714,770!2, 550, 230:2,114,010:
285, 850;178, 085!168, 585!158, 905!
221,100127, 315
126. 550-24, 010;10,000!
238, 655!211,25036, 700;
725, 530!283, 470!
257, 490:
1, 568, 800719,235
1, 070, 085932, 555901, 445179, 815844. 550324, 01010, 000
1, 638, 6555,140, 750
381, 7003, 934,1301, 001, 2702, 893, 490
294 44,086,045 8,605,8ll! 25,499,050, 22,545,555 2,953,495! 21,540,490
183 21,12 8,8 6,
90 12,153; 13,12! 11,97: 10,51 2,
47 3,3;
125' 10,49 11,36,
74|75;
909, 580600, 000200, 000189, 500673, 600750, 000194, 600900, 000785, 000650, 000155, 000390, 000311, 000250, 000995, 720949, 250
975 130, 903, 250 23, 324, 662| 56, 208, 450
25i 2,025,0001 75,000
16! 2,345,000li 1,500,000
4, 923, 895j600, 000!400, 000;
2, 614, 875:3, 330, 900
600,000i2, 208, 500'
250, OOOJ933, 750150, 000
2, 413, 7501, 297, 500;
752, 750'301), 000
1, 248, 9301, 299, 812
15,195,2505, 585, 0001
655, 00017, 546, 8006,912,7501,183, 500
3, 958, 000500, 000
1, 753, 250500, OOO!
4, 301, 0002,113, 0001, 428, 600
860, 0001, 702, 3002, 014, 000
493,750 1,032,50018,750 40,000
461, 250 960, 50050, 000! 600, 000
13, 474,4, 947.
589,6, 734,6,154,
722,3, 479,
371,1, 517,
448,3, 813,1, 884,1, 251,
766,1, 435,1, 774,
579,120410150525850:715,265;078400858;576648400705330
,720,671;637,880;65, 590
812,650758, 225'460, 650478, 285128, 735236,17251, 600
487,142228, 424176, 95293, 600
266, 595239, 670
49,365,6091 6,842,841
926, 54035, 380
855, 720539, 200
105, 9604, 620
104, 78060, 800
8, 435, 0013, 652, 8805, 610, 5905, 455, 3507, 519, 075
11, 027,1506,714,8852, 528, 7352, 267, 922
201,6006, 341,1429, 505, 4242, 059, 3522, 483, 6003, 560, 0154,174, 920
81, 537, 641
1, 098, 46039, 620
1, 489, 280960, 800
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 123
Table by States, Territories, and reserve cities, fc.—Continued.
States and Territories.
OregonDakotaIdahoMontanaNew Mexico.UtahWashington.Wyoming . . .
Pacific States and Terri-
United States bonds. Circulation.
Capital.j Minimum
$710,0002,402,100
250, 0001, 810, 000
650, 000800, 000
1, 005, 000800, 000
Outstand--ri T-, ingOcto-Held kftl.
6i IOCKOctober 1, » e r l > 1 8 h 5 -
1885.
Increaseon bondsnow de-posited
if issue isauthor-ized to
Spar value.
tories j 146; 14,372,100
$165, 000|600, 525162, 500|
365, 0001162, 500200, 000251, 250150, 000
2, 980, 525 5, 685, 050 4, 945, 360 739, 690 9, 426, 740
United States | 2, 714 527, 524, 410 80, 970, 423 307, 657, 050 268, 869, 597 387787^4531258^654, 813
$423, 400!736, 500167, 800!
439, 350412, 500437, 500380, 000155, 000
$346, 740646, 63060,140378, 250369, 770324, 930322, 560139, 500
[Maximum| increaseI "which| might! occur ifj issue isauthorizedi to par
value.
$76, 660!89, 8701
7, 660;61,100142, 730|
112, 570]57, 440l15, 500|
$363, 2601, 755, 470189, 860
1, 431, 750280, 230475, 070682, 440660, 500
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124 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Statement of monthly increase and decrease of national-bank circulation from November 1,1881, to October 31, 1885, to which is added the preceding yearly increase and decreasesince January 14, 1875.
Months.
1881.NovemberDecember
1882.JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember
1883.JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember
1884.JanuaryFebruary ,March.AprilMayJuneJulyAugustSeptemberOctoberNovemberDecember
1885.January :FebruaryMarchAprilMayJuneJulyAugustSeptemberOctober
Totals iFrom January 14,1875, to October 31,1875From November 1,1875, to October 31,1876:..From November 1, 1876, to October 31,1877...From November 1,1877, to October 31,1878...From November 1,1878, to October 31,1879...From November 1,1879, to October 31,1880..,From November 1,1880, to October 31, 1881. .jl
Circulation surrendered to this office andretired
National-bank circulation.
Retired.
Grand total.
$2, 730, 9301, 419, 820
1, 402, 450946, 470
1, 350, 390694, 540976, 220
1,121, 5301, 956, 9903, 869, 0003, 895, 5102, 028, 4001, 341, 4501, 875, 420
1, 371, 9801, 272, 7801, 290, 2201, 075, 6501,107, 7901, 305, 2001,114,1101, 318, 770
642, 980793, 850445, 240
1,177, 010
1,126, 020509, 004579, 850963, 440733, 960
1,101, 050943, 950
1, 279, 030943, 390569, 750208, 580379, 930
677,010523, 560548, 330
1, 053, 370403, 790690, 240
1, 066, 0801,160, 7101, 914, 7102. 516, 340
58, 488, 79410, 986, 6757, 093, 68016, 306, 03016,291,68522, 933, 490•13,402,21530, 979, 630
$933. 6651, 224J 639
1,195, 8491, 596, 3881, 600, 2891, 218,1881, 841, 7502, 237, 8201, 661, 8862, 015, 0431, 535, 0522, 061,4021, 520, 3691, 749, 379
1, 657, 2722,115, 5512, 798, 8191, 595, 8752, 076, 3732, 644, 0722,147, 8002, 494,1941, 883, 8851, 991,1941, 500, 8661, 649, 953
2, 021, 8953, 373, 7602, 497, 5962, 559, 4482, 829, 7582, 510, 7372, 543, 5022, 388, 9461, 744, 0572, 700, 8712, 255,1392, 663, 801
2, 923,1152, 775, 2072, 990, 5752, 369, 3302, 442, 668484,135
2, 804, 8701, 505, 7251, 473, 6943, 778, 735
Increase.
176, 482,199
176, 482,199
100, 585,13714, 570, 30527, 506, 98118, 265, 33110, 986,1167. 040, 3976, 193, 053
13, 705, 259
198, 852, 579
14, 253, 939
213,106, 518
$1, 797, 265267,181
206, 601
295,1041, 853, 9572, 360, 458
126, 041
Decrease.
206,105
441, 016
7, 553, 728
5, 305, 56915, 893, 0937, 209,16217, 274, 371
53, 235, 923
53, 235, 923
$649, 918249,899523, 648865, 530
1,116, 290
33, 002178, 919
285, 292842, 771
1, 508, 599520, 225968, 583
1, 338, 8721, 033, 6901,175, 4241, 240, 9051,197, 3441, 055, 626472, 943
895, 8752, 864, 7561, 917, 7461, 596, 0082, 095, 7981, 409, 6871, 599, 5521,109, 916800, 667
2, 131,1212, 046, 5592, 283, 871
2, 246,1052, 251, 6472, 442, 2451,315,9602, 038, 878
"i, 738,790345, 015
1, 262, 395
49, 6.50, 0713, 583, 630
20, 413, 3011, 959, 301
75, 606, 303
75, 606, 303
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EEPORT OF THE COMPTROLLER OF THE CURRENCY. 125
The following tables have been prepared by E. B. Elliott, Esq., Gov-ernment Actuary:Average prices (flat and net) of, and rates of interest realized to investors in the U. S. four
percent, securities of 1907, and in the four-and-a-half per cent, securities o/1891, respectively,from October I, 1884, to September 30, 1885, inclusive.
Four per cent, securities of 1907.
Months. j Prices, includ-j ing accrued
interest.
OctoberNovember.December.
1884.
JanuaryFebruary. . .MarchAprilMayJuneJulyAugustSeptember .
1885.
Flat.120. 4814122. 0625123. 4232
121. 9086122.1813122. 3269121. 8028122. 0450123.1625122. 6462122. 8425123. 2331
Average of 12 months.. 122. 3430
Prices, not in- Rates of in ter-cluding ac- est realized
crued interest. I to investors.
Net.120. 3176-121. 5691122. 6032
121. 7330121.6968121. 5025121. 6435121. 5588122. 3371122. 4777122. 3390122. 4033
121.8484
Per cent.2.8052.7372. 685
2.7262.^7242.7312.7212.7222.6792.6682.673
2.711
Month.
1884.October^NovemberDecember
1885.JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptember
Average of 12 months . . .
Four-and-a-half per cent, securities of 1891.
Prices, include I Prices, not in-ing accrued
interest.I eluding ac-crued interest.
Flat.112. 6736114.1684113. 5810
112. 7788112. 76901] 1. 9591112.4350112. 8800112. 6634112. 7525113.0250112. 4114
Net.112.1163113. 2364113. 4030
112.1937111. 8233111.7710111. 8787111.9599112. 4902112.1955112.0917112. 2340
Kates of inter-est realized
to investors.
Per cent.2. 5802. 3912.343
2. 5052.6452.5272.4882.4722.3402. 3652.3542.303
112. 8414 112. 2828 2. 359
The following table shows the annual profit on national-bank circu-lation , computed on the average net prices of the 4 per cent. UnitedStates securities of 1907 and the 4J per cent. United States securitiesof 18^1, respectively, for the year ending September 30, 1885, at ratesof interest for bank loans of 5, 6, 7, and 8 per cent., (1st) consideringthe 5 per cent, redemption fund as not reducing the loanable circula-tion, (2nd) considering the 5 per cent, redemption fund as reducing theloanable circulation, the tax on circulation of 1 per cent, per annumhaving been taken into account in each case, as well as an assumedannual charge of .05 of 1 per cent, on the circulation, to be paid theTreasurer of the United States for expenses of redemption:
Profit withloans at
5 per cent.
Fours of 1907 | ^ d
Four-and-a-halfs of 1891 j ^
Per cent.0.7570.5720.5400.340
Profit withloans at
6 per cent.
Per cent.0.5500.3280.3880.148
Profit withloans at
7 per cent.
Per cent. !0.3370.0780.236
loss 0.045
Profit withloans at
8 per cent.
Per cent.0.119
loss 0.1760.0820.239lossDigitized for FRASER
http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
126 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Table showing, by States, the amount of national-bank circulation issued, the amount oflawful money deposited in the United States Treasury to retire national-bank circulationfrom June 20, 1874, to November 1, 18d5, and the amount remaining on deposit at thelatter date.
States and Territories.
MaineNew HampshireVermontMassachusettsRhode IslandConnecticutNew YorkNew JerseyPennsylvaniaDelawareMarylandDistrict of Columbia..VirginiaWest Virginia...North CarolinaSouth CarolinaGeorgiaFloridaAlabamaMississippiLouisianaTexasArkansas ...KentuckyTennesseeMissouriOhioIndianaIllinoisMichiganWisconsinIowa - -MinnesotaKansasNebraskaNevadaOregonColoradoUtahIdahoMontanaWyomingNew MexicoDakotaWashington „ArizonaCalifornia*Lawful money depos-
ited prior to June 20, |1874, and remainingat that date
Additionalcirculationissued since
June 20,1874.
Lawful money deposited to retire national-bankcirculation since June 20, 1874.
For re-demptionof notes ofliquidating
banks.
$2, 216, 9941, 250, 8152, 774,180
29,801,1204, 077, 0805, 789, 050
35, 903, 6354, 076, 885
22, 457, 950495,975 j
2,496,610 i457,000 !
1,520,500 j351, 860
1, 335, 560201, 000f 16, 530132, 740367,400 i195,740 |
2,026,010 i1, 950, 560 i427,500 I
6, 677, 250 !1, 440, 500 I2,726,230 ;14,827,190 i6, 583, 670 j6,145,905 !4,403,310 !2,193,680 !3,868,830 j1,930,890 |1, 447, 680 !1, 768, 580
36, 000183,010 i
1, 087, 580 !476,900 |33,990 !601,440 ;95,350 !166,500 !915, 180625,50053, 090
1,905,750
$786, 500465, 983
1, 059, 2771, 746, 400
145, 350795, 878
7, 919, 9131, 242, 2584,108, 686
166, 600455, 664937, 369731, 060212, 000
$372, 750
402, 5604, 080, 620
54, 760488,135
2, 890, 530384, 060
2,122,142
110, 000
9,999 j
10, 925 J.
$1,110, 500221, 800
2, 614, 99024, 609, 6354, 785, 7356,141,827
41, 714, 0655, 078, 432
18, 515, 74183, 550
3, 247, 070530, 060
1, 791, 910582, 885
1, 792, 8851, 355, 005
965, 975
135, 000
666, 41378,590 S11,250
1,025,417767,841 !
1, 113, 705 !6, 607, 6184, 853, 9353, 299, 5342,585,963 j1,152,030 S1, 560, 917 I
817, f?59803,70156,240 !
I
166,720 I38,100 i
1,573,664 !328,760 |376,690 !122,780 !140,280 !96,130
208,340 !15,750 |
143, 050 |
579, 52038,150
2, 729, 250839, 490276, 750
4, 524, 7331, 221, 4595, 280, 860
10, 201, 7018, 796, 4959, 989 0564, 474, 3721, 931, 0093, 601, 3752,153, 311
604, 030637, 030
$2, 269, 750687, 783
4, 076, 82730, 436, 6554, 985, 8457, 425, 84052, 524, 5086, 704, 750
24, 746, 56983, 550
3, 523, 670985, 724
2, 729, 2791, 323, 9442, 004, 8851, 355, 0051, 296, 900
714, 52038,150
3, 395, 663918, 080288, 000
5,716,8702, 027, 4006, 394, 565
18, 382, 98313, 979,19013,665,2807, 183,1153,223,3195, 258, 4223, 179, 3101, 423, 481
:6, 320
Lawfulmoney on
depositwith theUnitedStates
Treasurerat date.
347, 475161,191
189, 940
$622, 437136, 207806, 345
4, 709, 777975, 843
1, 094, 0966, 864, 3031, 019, 0764, 235, 658
487, 83922, 480
296, 533114, 640150, 880
44, 880157, 484
9,000716,125486, 241
63, 000462,190
15, 75064, 450
271, 350256, 500
53, 090499, 500
46, 32833,121
379, 420221, 496
58, 2761, 355, 748
560,124547, 572
5, 382,1362, 585, 8671, 820, 9141,482, 857
570,4841, 000, 581
352, 032139, 426160, 627
1,158
""261," 52349, 38432, 58078, 5106,500
38,49089, 78833, 63037,180
154, 480
* Exclusive of national gold banks.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OP THE CURRENCY. 127
National banks that have gone into voluntary liquidation under the provisions of sections5220 and 5221 of the Revised Statutes of the United States, with the dates of liquidation,the amount of their capital, circulation issued and retired, and circulation outstandingNovember 1, 1885.
Name and location of bank. Date ofliquidation,
First National Bank, Penn Yan, N. Y. *. Apr. 6,1864First National Bank, Norwich, Conn. *..! May 2,1864 \Second National Bank, Ottumwa, lowat May 2,1864 jSecond National Bank, Canton, Ohiot .. Oct. 3,1864 jFirst National Bank, Lansing, Mich. t. . j Dec. 5,1864 jFirst National Bank, Columbia, Mo . . . , Sept. 19,1864 jFirst National Bank, Carondelet, Mo... .j Mar. 15,3865 IFirst National Bank, Utica, N". Y. * June 9,1865Pittston National Bank, Pittston, Pa .. ; Sept. 16,1865Fourth National Bank, Indianapolis, Intlj Nov. 30,1865 iBerkshire National Bank, Adams, Mass. +! Dec. 8,1865 INational Union Bank, Rochester, N. Y..; Apr. 26, 1866 jFirst National Bank, Leonardsville, N. Y\ July 11,1866 |Farmers' National Bank, Richmond, Ya j Oct. 22, 1866 {Farmers' National Bank, Waukesna, Wis| Nov. 25, 1866 iNational Bank of Metropolis, Washing- \ !
ton, D. C ...i Nov. 28,1866 ,First National Bank, Providence, Pa Mar. 1,1867 iNational State Bank, Dubuque, Iowa ... | Mar. 9,1867 \First National Bank of Newton, New- i
tonville. Mass ' Mar. 11, 1867First National Bank, New- III in, Minn.. - Apr. 18,1867 ;National Bank of Crawford County,
Meadville, Pa " .. Apr. 19, 1867Kittanning National Bank, Kit-tanning, •
Pa. |- Apr. 29,1867 |City National Bank, Savannah, Ga. t . . May 28, 1867 ;Ohio National Bank, Cincinnati, Ohio . | July 3, 1867 ;First National Bank, Kingston. N. Y .. i Sept. 26,1867First National Bank, Bluffton, Ind Dec. 5, 1867 ;•National Exchange Bank, Richmond. Ya' Dec. 5, 1867First National Bank, Skaneateles, N. Y.. i Dec. 21, 1867 jFirst National Bank, Jackson, Miss. [ Dec. 26, 1867 :First National Bank, Down in <.'town, Pa ! Jan. 14, 1868 ;First National Bank, Titusvilfe, Pa . I Jan. 15, 1868 jAppleton National Bank, Appleton. Wis! Jan. 21, 1868National Bank of Whitestown, N. Y j Feb. 14, 1868 |First National Bank, Now Brunswick, !
N. J ; Feb. 26, 1868First National Bank, Cuyahoga Falls, j
Ohio. . " Mar. 4,1868:First National Bank, Cedarburg, Wis...! Mar. 23,1868Commercial National Bank, Cincinnati, i
Ohio I Apr. 28, 1868 ISecond National Bank, Watertown, N. Y July 21,1868 |First National Bank, South Worcester, i j
N Y - i Aug. 4,1868 |National Mechanics' and Farmers' Bank,
Albany, N. Y Aug. 4,1868Second National Bank. DesMoines, Iowa.! Aug. 5,1868First National Bank, Steubenville, Ohio., Aug. 8,1868First National Bank, Pluraer, Pa l Aug. 25,1868First National Bank, Danville, Ya j Sept. 30, 1868First National Bank, Dorchester, Mass.! Nov. 23, 1868First National Bank, Oskaloosa, Iowa ..[ Dec. 17, 1868Merchants' and Mechanics' National
Bank, Troy, N. Y . . . Dec. 31,1868National Savings Bank, Wheeling, W. Ya Jan. 7,1869g , g,First National Bank, Marion, ObioNational Insurance Bank, Detroit, MichNational Bank of Lansingburg, N. Y . . .National Bank of North America, New
York, N. YFirst National Bank, Hallo well, MeFirst National Bank, Clyde, N. YPacific National Bank, New York, N. Y.Grocers' National Bank, New York, N. Y.Savannah National Bank, Savannah, Gra.
Jan. 12, 1869 ]Feb. 26,1869Mar. 6,1869
Apr. 15,1869Apr. 19,1869Apr. 23,1869May 10,1869 '•June 7,1869 iJune 22,1869July 30,1869 ;
$100,00030, 000
First National Bank, Frostburg, MdFirst National Bank, La Salle, 111. . . . . . . j Aug. 30,1869National Bank of Commerce, George- ' j
town, D. C Oct. 28,1869 |*• New bank with same title. t Never completed orgauiz;
200, 000100, 000100, 000400,00050, 000
100, 000100, 000
200, 000100, 000150, 000
150, 00060, 000
300, 000
200, 000100, 000500, 000200,000
50,000 {200,000150,000 I100,000 j100,000100, 000 I
50, 000 i120,000 j
|100,000 j
50, 000 !100, 000
500, 000100, 000
175, 500
350,00050, 000
150,000100, 000 I50,000 I
150,000 |75, 000 |
300, 000 '100, 000125, 000200, 010150, 000
., 000, 00060, 00050, 000
422, 700390, 000100, 00050, 00050, 000
100, 000btion.
Circulation.
Issued.
$90, 00025, 500
100, 000
192, 50045, 00085, 00090, 000
180, 00090, 000
127, 000
Retired.
$89, 87525, 383
Out-standing.
1 i191,05844,33083,018 !89,455 !
|
176,383 I88,485 I
125,480 !
$125117
920
1,442670
1,982545
3,6171, 5151,520
130, 00054, 000
None.
None.None.
450, 000180, 00045, 000
180, 000135, 00045, 50090, 00086, 75045. 00045, 500
90, 000
45, 00090, 000
345, 95090, 000
157, 400
314, 95042,500;
135, 000 '87, 50045, 000
132, 50067, 500
184, 75090, 000
109, 85085, 000
135, 000
333,00053, 35044,000
134, 99085, 25085, 00045, 00045, 000
90, 000
128, 44353, 045
442, 840177,18944, 521179, 850133, 47845, 25088, 77685, 53444, 33045,158
88, 484
44, 37789, 312
342, 62088, 300
155, 551
311, 95542, 097
132, 43285, 79744, 550130, 08466, 902
168, 93689,175
108. 75484, 353
133, 592
330, 08252, 85643,185133, 88784, 73684, 28044, 70844, 440
88, 945
1,557955
7,1602,811479
1,1501,522250
1,2241,216670342
1,516
623688
3,3301, 700
2,849
2,995403
2,5681,703450
2,4L6598
15, 814825
1, 096647
1,408
2,918494815
1,103514720292560
1,055
{ Consolidated with another bank •
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
128 REPORT OF THE COMPTROLLER OF THE CURRENCY.
National banks that have gone into voluntary liquidation under the provisions of sections5220 and 5221 of the Bevised Statutes of the United States, tfc.—Continued. •
Name and location of bank.
Miners' National Bank, Salt Lake City,Utah
First National Bank, Yin ton, IowaNational Exchange Bank, Philadelphia,
PaFirst National Bank, Decatur, 111National TJnion Bank, Owego, N. YFirst National Bank, Berlin, Wis . .Central National Bank, Cincinnati, Ohio.First National Bank, Dayton, OhioNational Bank of Chemung, Elmira, N. Y.Merchants' National Bank, Milwaukee,
Date ofliquidation.
W i sFirst National Bank, Saint Louis, Mo. . .Chemung Canal National Bank, Elmira,
N . Y .Central National Bank. Omaha, Nebr*..First National Bank, Clarkwville, Va . . .First National Bank, Burlington, YtFirst National Bank, Lebanon, OhioNational Exchange Bank, Lansingburg,
N . YMuskingum National Bank, Zanesville,
Ohio-.United National Bank, Winona, Minn. . .First National Bank, Des Moines, Iowa.Saratoga County National Bank, Water-
ford, N . Y . . . iState National Bank, Saint Joseph, Mo..First National Bank, Fenton, MichFirst National Bank, Wellsburg, W. Ya .Clarke National Bank, Rochester, N. YCommercial National Bank, Oshkosh,
WisFort Madison National Bank, Fort Mad-
ison, IowaNational Bank of Maysville, KyFourth National Bank, Syracuse, N. Y . .American National Bank, New York,
N . YCarroll County National Bank, Sand-
wich, N. HSecond National Bank, Portland, Me. -.Atlantic National Bank, Brooklyn, N. Y.Merchants' and Farmers' National Bank,
Quincy, 111
Dec. 2,1869Dec 13,1869
Jan. 8,1870Jan. 10,1870Jan. 11,1870 |Jan. 25,1870Mar. 31,1870Apr. 9, 1870June 10,1870 I
June 14,1870 IJuly 16,1870 I
Aug. 3,1870Sept. 23,1870Oct. 13,1870Oct. 15,1870Oct. 24,1870
Dec. 27,1870! Jan. 7,1871Feb. 15,1871Mar. 25, 1871
Mar. 28,1871Mar. 31,1871May 2,1871June 24,1871Aug. 11,1871
Nov. 22, 1871
Dec. 26,1871Jan. 6, 1872Jan. 9,1872
M a y 10,1872
May 24,1872Julie 24,1872July 15,1872
Aug. 8,1872Aug. 9,1872Sept. 10,1872
First National Bank, Rochester, N. Y . . .Lawrenceburg National Bank, IndJewett City National Bank, Jewett City,
Conn ' Oct. 4,1872First National Bank, Knoxville, Tenn .. Oct. 22,1872First National Bank, Goshen, Ind Nov. 7,1872Kidder National Gold Bank, Boston,
Mass Nov. 8,1872Second National Bank, Zanesville, Ohio Nov. 16,1872Orange County National Bank, Chelsea,
Y t . '. j Jan. 14,1873Second National Bank, Syracuse, N. Y . . j Feb. 18,1873Richmond National Bank, Richmond, I
Ind." Feb. 28, 1873First National Bank, Adams, N. Y Mar. 7,1873Mechanics' National Bank, Syracuse,
N. Y ! Mar. 11,1873Farmers' and Mechanics'National Bank, j
Rochester, N.Y I Apr. 15, 1873Montana National Bank, Helena, Mont . . j Apr. 15, 1873First National Bank, Havana, N. Y j June 3,1873Merchants' and Farmers' National Bank,
Ithaca, N. Y . . . June 30,1873National Bank of Cazenovia, N. Y July 18,1873Merchants' National Bank, Memphis,
Tenn Au°" 30 1873Manufacturers'National Bank, Chicago, I
111 ; Sept. 25,1873Second National Bank, Chicago, 111 i Sept. 25,1873
Capital.
$150, 00050, 000
300, 000100, 000100, 000500, 000500, 000150, 000100, 000
100, 000200, 000
100, 000100, 00050, 000300, 000100, 000
100, 000
100, 00050, 000100, 000
150, 000100, 000100, 000100, 000200, 000
100, 000
75, 000300,000105, 500
500, 000
50, 000100, 000200, 000
150, 000400, 000200,000
60, 000100, 000115, 000
300, 000154, 700
200, 000100, 000
230, 00075,000
140, 000
100, 000100, 00050, 000
50, 000150, 000
250, 000
500, 000100, 000
N e w bank with same title.
Circulation.
Issued. Retired.
$135, 00042, 500
175, 75085,250 I88, 25044, 000
425, 000135, 00090, 000
90, 000179, 990
90, 000
27, 000270, 00085, 000
90, 000
90, 00045, 00090, 000
135, 00090, 00049, 50090, 000180,000
90, 000
67, 500270, 00091, 700
450, 000
45, 00081, 000165, 000
135, 000206,100180, 000
48, 75080, 910103, 500
120,000138,140
180, 00090, 000
207, 00066, 900
93, 800
83, 25031, 50045, 000
45, 000116, 770
225, 000
450, 00097,500
$133, 76842, 264
173,18584.14986; 96343, 605420, 040133, 53789, 413
89, 090178, 230
89, 011
26, 810265, 63884,164
89,178
89, 03044, 52589, 004
133, 77189, 41748, 94889, 048
177, 879
89, 047
66, 815267, 79390, 600
442, 325
44,12779, 388
163, 265
133, 385202, 301177,289
47, 96779, 715101, 987
120, 000135, 808
176, 290H8, G55
207, 00065, 779
92, 560
82, 08431, 35544, 085
44,118114, 896
221, 308
442, 20995, 571
Out-standing.
$1,232236
2,5651,1011,287395
4,9601,463587
9101,760
989
1904,362836
822
970475996
1,229583552952
2,121
953
6852, 2071,100
7,675
8731,6121,735
1,6152,7992,711
7831,1951,513
2,332
3,7101,345
1,121
1,240
1,166145915
8821,874
3,692
7,7911 929
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 129*
National banks that have aove into voluntary liquidation under the provisions of section*5220 and 5221 of the Revised Statutes of the United States, #c—Continued.
Name and location of bank.
Merchants* National Bank, Dubuque,Iowa
Beloit National Bank, Beloit. WisUnion National Bank, Saint Louis, Mo...City National Bank, Green Bay. WisFirst National Bank, Shel bin a, MoSecond National Bank. Nashville, Tenn..First National Bank, Oueirta, N. YMerchants' National Bank, Hastings,
MinnNational Bank of Tecumseh., MichGallatin National Bank, Shawneetown,
111First National Bank, Brookville, PaCitizens'National Bank, Sioux City, Iowa.Citizens'National Bank, Charlottesville,Va
..._|
Farmers' National Bank, Warren, 111First National Bank, Medina, OhioCroton EiverNational Bank, South East,
N Y
Sept. 30,1873Oct. 2, 1873Oct. 22,1873Nov. 29,1873Jan. 1,1874Jan. 8,1874Jan. 13,1874
Feb.Mar.
7,18743,1874
Mar. 7,1874Mar. 26,1874Apr. 14,1874
Apr. 27.1874Apr. 28,1874May 6,1874
May 25,1874N.YMerchants' National Bank of West Vir-
ginia, Wheeling, W. Va i July 7,1874Central National Bank, Baltimore, Md... | July 15,1874Second National Bank, Leavenworth, I
Kans | July 22,1874Sept. 2,1*874Sept. 10,1874Oct. 10,1874Nov. 9,1874Nov. 10,1874Dec. 4,1874
TeutoniaNational Bank,New Orleans,La.City National Bank, Chattanooga, Tenn..First National Bank, Cairo, 111First National Bank, Olathe, KansFirst National Bank, Beverly, OhioUnion National Bank, La Fayette, Ind ..Ambler National Bank, Jacksonville,
Fla.*Mechanics' National Bank, Chicago, 111..First National Bank, Evansville, WisFirst National Bank, Baxter Springs,
KansPeoples' National Bank, Pueblo, Colo —National Bank of Commerce, Green Bay,
WisFirst National Bank, Millersburg, Ohio..First National Bank, Staunton, VaNational City Bank, Milwaukee, WisIrasburg National Bank of Orleans,
Irasburg, VtFirst National Bank, Pekin, 111....Merchants and Planters' National Bank,
Augusta, GaMonticello National Bank, Monticello,
IowaIowa City National Bank, Iowa City, IowaFirst National Bank, Wheeling W. Va..First National Bank, Mount Clemens,
MichFirst National Bank, Knob Noster, MoFirst National Bank, Brodhead, Wis ...Auburn City National Bank, Auburn,
N.YFirst National Bank, El Dorado, Kans .First National Bank, Junction City, KansFirst National Bank, Chetopa, Kans . . .First National Bank, Golden, ColoNational Bank of Jefferson, WisGreen Lane National Bank, Green Lane,
PaState National Bank, Topeka, KansFarmers' National Bank, Marshalltown,
Iowa -Bichland National Bank, Mansfield, OhioPlanters' National Bank, Louisville, Ky.First National Bank, Gallatin, TennFirst National Bank, Charlestown.W.VaPeople's National Bank, Winchester, 111.
Dec. 7,1874Dec. 30,1874Jan. 9,1875
Jan. 12,1875Jan. 12,1875
Jan. 12,1875Jan. 12,1875Jan. 23, 1875Feb. 24, 1875
Mar. 17, 1875!Mar. 25, 1875 |
Mar. 30, 1875
Mar. 30, 1875Apr. 14, 1875Apr. 22, 1875
May 20, 1875May 29, 1875June 24,1875
June 26, 1875June30,1875July 1, 1875July 19, 1875Aug. 25,1875Aug. 26,1875
Sept. 9,1875Sept. 15,1875
Sept. 18,1875Sept. 25,1875Sept. 30,1875Oct.Oct.Oct.
1,18752,18754,1875
$200, 00050,000500, 00050, 000
100, 000125, 000125,000
100, 00050, 000
250, 000100, 00050, 000
100,00050, 00075, 000
200, 000
500, 000200, 000
100, 000300, 000170, 000100, 00050, 000102,000250, 000
42, 500250,00055, 000
50, 00050, 000
100,000 |100,000 !100,000100,000
75, 000100,000
200, 000 j
100,000125, 000250, 000
50, 00050, 00050, 000
200, 00050, 00050, 00050, 00050, 20060, 000
100, 00060, 500
50, 000150, 000350, 00075, 000100, 00075, 000
$180, 00045, 000150, 30045, 00090, 00092, 920110, 500
90, 00045, 000
225, 00090,000 I45,000 I
90,000 I45,000 !45,000 |
$174, 58244,139147,24843,81988, 47991,010
108, 097
87, 70244,100
220, 80387, 96044, 615
88, 27443, 98944, 510
450,000180, 000 i
90,000 j270,000148,001 !
90,00045, 00090, 000
224, 095
5745 CUR 9* Never completed organization.
144, 90045, 000
36, 00027, 000
90, 00060,400 j90,000 |60,000 j
67,500 I90,000 !
180,000 |
45, 000104, 800225, 000
27, 00045, 00045, 000
141,30045, 00045, 00036, 00027, 00054, 000
90, 00030, 600
27,000130,300315, 00045,00090,00067,500
166, 550 | 163, 066 j
441, 597177,253 I
87,146264, 370145,11087, 83244, 38487, 657218, 915
141,29044,260
35, 44126, 745
88,48559, 52588,13258, 345
65, 760 |87,409 I
i175,890 |
43, 999102,146217, 895
26, 76544, 45944, 243
137, 22744, 28844, 30535,44826, 70552, 482
87, 95030, 282
26,625125, 004299, 88944,23588,437
$5,418861
3, 052'1,181;1, 521/1, 9102, 403
2, 298900*
4,1972, 040385
1,72ft;1,011490
3,484
8,4032, 747
2,8545,6302, 8912,16861ft
2, 34$5,180
3,610-74&
550255
1,515875
1,8681, 655*
1,740-2,591
4,110-
1, 0012, 6547,105-
235*541757/
4,072712695552295
1,518
2,050318
3755,296
15, 111765
1,563^1,812.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1 3 0 REPORT OF THE COMPTROLLER OF THE CURRENCY.
^National bank* that have gone into voluntary liquidation under the provisions of sections5220 and 5221 of the Bevised Statutes of the United States, <fc.—Continued.
Name and locition of bank.
.Tirst National Bank, New Lexington,Ohio
'First National Bank, Ishpeming, Mich...Fayette County National Bank, Wash-
ington, OhioMerchants' National Bank, Fort Wayne,
Ind^KansasCity National Bank. Kansas City,
Mo .
Circulation.
Date ofliquidation.
Tirst National Bank, Schoolcraft, MichFirst National Bank, Curwensville, Pa.^National Marine Bank. Saint Paul, Minn
Oct. 12,1875Oct. 20,1875
Oct. 26,1875
Nov. 8,1875
Nov. 13,1875 |Nov. 17,1875 !Dec. 17,1875 IDec. 28,1875 \
JTirst National Bank, Rochester, Ind Jan. 11,1876JTirst National Bank, Lodi, Ohio Jan. 11,1876Uron National Bank, Portsmouth, Ohio.. Jan. 19,1876IFirst National Bank, Ashland, Nebr .- | Jan. 26,1870IFirst National Bank, Paxton, 111 I Jan. 28,1876IFirst National Bank, Bloorafield, Iowa..| Feb. 5,1876-Marietta National Bank, Marietta, Ohio. Feb. 16,1876-Salt Lake City National Bank, Salt Lake
City, Utah': Feb. 21,1876Tirst National Bank, La Grange, Mo Feb. 24,1876iFirst National Bank, Atlantic, Iowa Mar. 7,1876First National Bank, Spencer, Ind j Mar. 11,1876^National Currency Bank, New York, N. Y Mar. 23,1876Caverna National Bank, Caverna, Ky . . . May 13,1876City National Bank, Pittsburgh, Pa ! May 25,1876National State Bank, Des Moines, Iowa. June 21,1876First National Bank, Trenton, Mo June 22,1876First National Bank, Bristol, Tenn July 10,1876First National Bank, Leon, Iowa July 11,1876Anderson County National Bank, Law- I
renceburg, Ky I July 29,1876First National Bank, Newport, Ind Aug. 7,1876First National Bank, De Pere, Wis Aug. 17,1876-Second National Bank, Lawrence, Kans. Aug. 23,1876"Commercial National Bank, Versailles,KyEstate National Bank, Atlanta, Ga^Syracuse National Bank, Syracuse, N. Y..First National Bank, Northumberland,PaFirst National Bank, Lancaster, MoFirst National Bank, Council Grove, KansNational Bank Commerce, Chicago, 111..'First National Bank, Palmyra, MoFirst National Bank, Newton, Iowa.National Southern Kentucky Bank, Bow-
ling Green, KyFirst National Bank, Monroe, Iowa..First National Bank, New London, Conn
Aug. 26,1876Aug. 31,1876 iSept, 25,1876Oct. 6,1876Nov. 14,1876Nov. 28,1876Dec. 2,1876Dec. 12,1876Dec. 16,1876
Dec. 23,1876Jan.Jan.
1,18779,1877
Winona Deposit National Bank, Winona, jMinn i Jan. 28,1877
First National Bank, South Charleston, j |Ohio i Feb. 24,1877 I
Lake Ontario National Bank, Oswego, jN.Y Feb. 24,1877
First National Bank, Sidney, Ohio i Feb. 26,1877Chillicothe National Bank, Ohio Apr. 9,1877IFirst National Bank, Manhattan, Kans.. Apr. 13,1877^National Bank, Monticello, Ky ! Apr. 23,1877iFirst National Bank, Rockville, Ind . . . . Apr. 25,1877•Georgia National Bank, Atlanta, Ga j May 3J, 1877First National Bank, Adrian, Mich | June 11,1877First National Bank, Napoleon, Ohio \ June 30,1877First National Bank, Lancaster, Ohio . . . ! Aug. 1,1877First National Bank, Minerva, OhioKinney National Bank, Portsmouth, OhioFirst National Bank, Green Bay, Wis. . .National Exchange Bank, Wakefleld, R. IFirst National Bank, Union City, Ind.. .First National Bank, Negaunee, Mich . .Tenth National Bank, New York, N. Y .First National Bank, Paola, KansNational Exchange Bank, Troy, N. T . . .Second National Bank, La Fayette, Ind.State National Bank, Minneapolis MinnSecond National Bank, Saint Louis, Mo
Aug. 24,1877Aug. 28,1877Oct. 19,1877Oct. 27,1877Nov. 10,1877Nov. 13,1877Nov. 23,1877Dec. 1,1877Dec. 6,1877Dec. 20,1877Dec. 31,1877Jan. 8,1878
Capital.
$50, 00050, 000
100, 000
100, 000
100, 00050, 000100, 000100, 00050, 000100, 000100, 00050, 00050,00055, 000
150, 000
100, 00050,00050,00070, 000100, 00050, 000200, 000100, 00050, 00050, 00060, 000
100, 00060, 00050, 000100,000170, 000200, 000200,000100,00050, 00050, 000
250, 000300,00050, 000
50, 00060, 000100, 000
100, 000
100, 000
275, 00052, 000100, 00052, 00060, 000
200, 000100, 000100, 00050, 00060, 00050,000100, 00050, 00070, 00050, 00050, 000500, 00050, 000
100, 000200, 000100, 000200, 000
Issued.
$45, 00045, 000
81, 280
46, 820
90, 00045, 00090, 00059, 71045, 00090, 00090, 00045, 00045, 00049, 50090, 000
45,00045, 00045, 00063, 00045, 00045, 00068, 92950, 79545, 00045, 00045, 000
45, 00045, 00031, 50067,500153, 00073, 725117,96162,10627, 00026, 50071, 46546,14045, 000
27, 00035, 70038, 300
63, 285
90, 000
66, 40546, 20053, 82544, 20049, 500173, 09045, 00043, 50045, 00054, 00045, 00090, 00045, 00034, 65045, 00045, 000
441, 00044, 35090, 00052,16782, 50053, 055
Retired.
$44, 30943, 833
79, 576
45, 635
87, 92244, 08786, 07357, 08042, 72085, 95188, 01744, 30743,18247, 92586, 637
43, 61743, 86243, 88761, 82743,13544, 23065, 74548,10543, 90144, 22542, 812
44, 24042, 36331, 02165, 425146, 78070, 045110, 27458, 71826, 60225, 84068,43643, 92440, 809
26, 39534, 26035, 461
59,125
85, 557
61, 09343, 89249, 87042, 67144, 085162, 39042, 57540, 90942, 83751, 01543, 35786, 54942, 52531, 46242, 62542, 774401, 73941, 95983, 90045, 97475, 72145, 680
Out-|standing.
$6911,167
1,704
1,185
2,078913
3,9272,6302,2804,0491,983693
1,8181,5753,363
1,3831,1381,1131,1731,865770
3,1842,6901,099775
2,188
7602,637479
2,0756,2203,6807,6873,388398660
3,0292, 2164,191
6051,4402,839
4,160
4,443
5,3122,3083,9551,5295,41510, 7002,4252,5912,1632,9851,6433,4512,4753,1882,3752,22639,2612,3916,1006,1936, 7797,375
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 131
National banks that have gone into voluntary liquidation under the provisions of sections5220 and 5221 of the Revised Statutes of the United States, cfc.—Continued.
Circulation.
Name and location of bank. Date ofliquidation. Capital.
First National Bank, Sullivan, IndRockland County National Bank, Nyack,
N.Y -First National Bank, Wyandotte, Kans .First National Bank, Boone, IowaFirst National Bank, Pleasant Hill, MoNational Bank of Gloversville, N. YFirst National Bank, Independence, Mo.National State Bank, Lima, IndFirst National Bank, Tell City, IndFirst National Bank, Pomeroy, OhioEleventh. Ward National Bank Boston,
MassFirst National Bank, Prophetstown, 111.,First National Bank, Jackson, Micb ',First National Bank, Eau Claire, Wis ...!First National Bank, Washington, Ohio jFirst National Bank, Middleport, Ohio.. •First National Bank, Streator, 111First National Bank, Muir, Mich IKane County National Bank, Saint I
Charles, 111' iFirst National Bank, Carthage, Mo jSecurity National Bank, Worcester, I
Mass iFirst National Bank, Lake City, Colo .. . |People's National Bank, Norfolk, Ya jTopeka National Bank, Topeka, Kans... jFirst National Bank, Saint Joseph, Mo.. jFirst National Bank, Winchester, Ind ..!
Muscatine National Bank, Muscatine, <Iowa ;
Traders' National Bank, Chicago, 111 jUnion National Bank, Rah way, N. J iFirst National Bank, Sparta, Wis jHerkimer County National Bank, Little
Falls, N . T . . . :Farmers' National Bank, Bangor, Me ...Pacific National Bank, Council Bluffs,
Iowa ,First National Bank, Anamosa, Iowa ...Smithfield National Bank, Pittsburgh,
PaFirst National Bank, Buchanan, Mich ..!First National Bank, Prairie City, 111...Corn Exchange National Bank, Chicago,
111Franklin National Bank, Columbus, OhioTraders' National Bank, Bangor, MeFirst National Bank, G-onio, N. HFirst National Bank, Salem, N. CFirst National Bank, Gran ville, Ohio ...Commercial National Bank, Petersburg,
Ya ::.First National Gold Bank, Stockton, Cal.First National Bank, Sheboygan, Wis...First National Bank, Boscobel, WisNational Marine Bank, Oswego, JN. Y ..Central National Bank, Hightstown, N. J.Bm)okville National Bank, Brookville,
IndFarmers' National Bank, Centreville,
Iowa !First National Bank, Clarinda, Iowa . . . .Waterville National Bank, Waterville, i
Me !First National Bank, Tremont, Pa !First National Bank, Atlanta, 111 \Union National Bank, Aurora, 111 !National Bank of Menasha, Wis jNational Exchange Bank, Jefferson City, !
M o -iFirst National Bank, Hannibal, MoMerchants' National Bank, Winona, Minn.Farmers' National Bank, Keithsburg, 111.First National Bank, Franklin, Ky
Jan. 8,1878 • $50, 000
Issued. Retired.
Jan.Jan.Jan.Feb.Feb.Mar.Mar.Mar.Mar.
10,187819,187822,18787,1878
28,18781,1878 !2,1878 j4,1878 I5,1878 |
Mar. 14,1.878 iMar. 19, 1878 iMar. 26,1878 !
Mar. 30,1878 jApr. 5,1878 'Apr. 20,1878 jApr. 24, 1878 :
Apr. 25,1878 j
May 31,1878 !June 1,1878 j
June 5,1878 IJune 15,1878 |July 31,1878Aug. 7,1878Aug. 13,1878Aug. 24,1878
Sept. 2,1878Sept. 4,1878Sept. 10,1878Sept. 14,1878
Oct. 11,1878 !Nov. 22,1878 j
Nov. 30,1878Dec. 14,1878 j
Dec. 16,1878 IDec. 21,1878 !Dec. 24,1878 j
iJan. 4,1879 |Jan. 4,1879 !Jan. 14,1879Jan. 14,1879 jJan. 14,1879 iJan. 14,1879 j
Jan. 14,1879 IJan. 14,1879 !Jan. 14,1879 |Jan. 21,1879Jan. 25,1879 iFeb. 15, 1879 !
Feb. 27,1879Mar. 1,1879
Mar. 3,1879Mar. 4,1879Apr. 15,1879Apr. 22,1879Apr. 26,1879
May 8,1879May 15,1879June 16,1879July 3,1879July 5,1879
100, 000 !50,000 j50,000 I50,000 j
100,000 I50,000 !
100,00050, 000
200, 000
200, 00050, 000
100, 00060, 000
200, 00080, 00050, 00050, 000
50, 00050, 000
100, 00050, 000
100, 000100, 000100, 00060, 000
100, 000200,000 I100,000
50, 000
200, 000100, 000
100, 00050, 000
200, 00050, 00050, 000
500,000 I100,000100,000 !60,000150,000 !50,000 I
120, 000300, 00050, 00050, 000
120, 000100, 000
Feb. 18,1879 ! 100, 000 j
50, 00050, 000
125, 00075, 00050, 000
125, 00050, 000
50, 000100, 000100, 00050, 000100,000
$45, 000
89,00045, 00032, 40045, 00064, 75027, 00033, 47144, 50075, 713
89, 40045, 00088, 40038, 46169, 75031, 50040, 50044,200
26, 30044, 500
49, 00029, 30085, 70589, 30067,11052, 700
44,200 !43,700 i89,20045,000 |
178,30089,100
45, 00044, 500
90, 00027, 00027, 000
59* 16093, 07076, 40045, 597128, 20034, 365
99, 800238, 60045, 00043, 900 I44,30032,400 j
89,000 j
41, 50045, 000
110, 30064, 60026, 500'82, 00044, 500
45, 00088, 20035, 00027, 00054, 000
$43, 255
82, 75143, 05330, 28542, 73459, 76423, 48629, 88243,229 I69,160 ;
I84,13043, 79381, 26036, 28062, 41030, 47539, 20542, 061
24, 45342, 398
45,17528, 57473, 51576, 72157, 72546, 899
36, 84136, 23580,15740, 969
157, 66578, 287
42, 60037, 886
74, 95025, 39520, 960
49, 92782, 28363, 58540, 278109, 56029, 894
82, 013200, 05141, 66840, 51640,17230, 315
74, 200
39, 00242, 982
97, 56652, 29821, 90067, 39341, 487
39, 73473,89732, 32722,74046, 310
$1, 745
6,2491,9472,1152,2664,9863, 5143,5891,2716,553
5,2701,2087,1402,2817,3401,0251,2952,139
1,8472,102
3,825726
12,19012, 5799,3855,801
7,3597,4659,0434,031
20, 63510, 813
2,4006,614
15, 0501,6056,040
9,23310, 78712, 8155,31918, 6404,471
17, 78738, 5493,3323,3844,1282,085
14, 800
2,4982,018
12, 73412, 3024,600
14, 6073,013
5,26614,3032,6734,2607,690
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
132 REPORT OF THE COMPTROLLER OF THE CURRENCY.
National banks that have gone into voluntary liquidation under the provisions of sections5220 and 5221 of the Revised Statutes of the United States, <f c.—Continued.
Name and location of bank.
National Bank of Salem, Salem, Ind . . .Fourth National Bank, Memphis, TennBedfoid National Bank, Bedford, Ind..First National Bank, Afton, IowaFirst National Bank, Deer Lodge, MontFirst National Bank, Batavia, 111National Gold Bank and Trust Company,
San Francisco, CalGainesville National Bank, Gainesville,
AlaFirst National Bank, Hackensack, N. JNationalBank of Delavnn, Delavan,WisMechanics' National Bank, Nashville,
TennManchester National Bank, Manchester,
OhioFirst National Bank, Meyersdale, Pa ...First National Bank, Mifflinburg, Pa... .National Bank of Michigan, Marshall,
MichNational Exchange Bank, Houston,TexAscutuey National Bank,Windsor,Vt...First National Bank, Seneca Falls, N. Y.First National Bank, Baraboo, WisBundy National Bank, New Castle, Tud.Vineland National Bank, Yineland, N. J.Ocean County National Bank, Tom's
Hiver, N.J ...Hungerford National Bank, Adams, N. Y.Merchants' National Bank, Minneapolis,
Minn.Farmers' National Bank, Mechanicsburg,
OhioFirst National Bank, Green Spring, Ohio.First National Bank,Cannon Falls, Minn.First National Bank, Coshocton, Ohio...Manufacturers' National Bank, Three
Rivers, MichFirst National Bank, Lansing, IowaFirst National Bank, Watertown, N. Y..First National Bank, Americus, Ga....First National Bank, Saint Joseph, MichFirst National Bank, Logan, OhioFirst National Bank, Kochelle, 111First National Bank, Shakopee, Minn ..National State Bank, Oskaloosa, Iowa..First National Bank, Hobart, N. YAttica National Bank, Attica, N. YNational Bank of Brighton, Boston, MassClement National Bank, Rutland, Vt.*.First National Bank, Lisbon, IowaFirst National Bank, Warsaw, IndBrighton National Bank, Brighton, Iowa.Merchants' National bank, Denver, Colo.Merchants' National Bank, Holly, Mich..First National Bank, Alliance, Ohio . . .National Union Bank, New London, ConnNational Bank of Royalton, YtFirst National Bank, Whitehall, N. Y ...National Bank of Pulaski.Tenn .First National Bank, Alton, 111.
Date ofliquidation.
Havana National Bank, Havana, N. Y ...First National Bank, Brownsville, Pa .. .Second National Bank, Franklin, IndMerchants' National Bank, Georgetown,
ColoCommercial National Bank, Toledo, Ohio.Harmony National Bank*, Harmony, Pa..First National Bank, Liberty, IndManufacturers' National Bank, Amster-
dam, N.YFirst National Bank, Bay City, Mich....First National Bank, Ripley, OhioNational Bank of State of New York,
New York, N.Y
July 8,1879July 19,1879July 21,1879Aug. 15,1879Aug. 16,1879Aug. 30,1879
Sept. 1,1879
Nov. 25,1879Dec. 6,1879Jan. 7,1880
Jan. 13,1880
Jan. 13,1880Mar. 5,1880Mar. 8, 1880
May 14,1880Sept. 10,1880Oct. 19,1880Nov. 23,1880Nov. 27,1880Dec. 6,1880Jan. 11,1881
Jan. 11,1881Jan. 27,1881
Jan. 31,1881
Feb. 18,1881Feb. 18,18*1Feb. 21,1881Feb. 21,1881
Feb. 25,1881Feb. 25,1881May 26,1881June 17,1881June 30,1881July 8,1881Aug. 9,1881Aug. 10,1881Aug. 13,1881Aug. 27,1881Aug. 30,1881Oct. 4,1881Aug. 1,1881Nov. 1,1881Dec. 1,1881Dec. 15, 1881Dec. 24,1881Dec. 31,1881Jan. 3,1882Jan. 10,1882Jan. 10,1382Jan. 18,1882Jan. 23,1882Mar. 20,1882Apr. 15,1882May 2,1882June 20,18b2
June 22,1882July 6,1882July 7,1882July 22,1882
Aug. 1,1882Nov. 8,1882Nov. 10,1882
Dec. 6,1882*New bank witk tame title.
Capital.
$50, 000125, 000100, 00050, 00050, 00050, 000
750, 000
100, 000100, 00050, 000
100, 000
50, 00050, 000
100, 000
120, 000100, 000100, 00060, 00050, 00050.00050, 000
100, 00050, 000
150, 000
100, 00050, 00050, 00050, 000
50, 00050, 000
• 100, 00060, 00050, 00050, 00050, 00050, 00050,000
100, 00050, 000
300, 000100, 00050, 00050, 00050, 000
120, 00050, 00050, 000
300, 000100, 00050, 00070, 000100, 00050/00075, 000
100, 000
50, 000100, 00050, 00060, 000
80, 000400, 000100, 000
800, 000
Issued.
$44, 40045, 00087, 20026, 50045, 00044, 300
40, 000
90, 00090, 00027, 000
90, 000
48, 30330, 60090, 000
100, 80031, 50090, 00054, 00027, 00045, 00045, 000
119, 40545, 000
98, 268
30,14045, 00045, 00053, 058
45, 00045, 00075, 51045, 00026, 50045, 00045, 00045, 00081, 66590, 00045, 000
270, 000
45, 00048, 50045, 00072, 00045,00045, 000
112, 81890, 00045,00043, 70090, 00045, 00067, 50081, 060
45, 00090, 00045, 00054, 000
72, 000156,10069, 201
397,004
Circulation.
Retired.
$42, 34636, 58581, 83523, 82942, 52539, 562
25, 860
70, 69576, 62822, 460
69, 350
40, 45728, 43570, 940
84, 69725, 06473, 33750,1632z, 88142, 72342, 053
94, 9153li, 122
91,195
27, 32040, 39639, 05048,178
40, 20540, 00254, 53040, 99321,91840, 38038, 96536, 89063, 24070, 27937,710
212, 650
37, 95041,10537,81544,06039, 29935, 04082, 95567,26233,81031, 60567, 56137, 42247,24553, 690
36, 69868, 43030, 99039, 620
55, 370107,11046,001
295,414
Out-standing.
$2, 0548,4155,3652,6712,4754,738
14,140
19, 30513, 3724,540
20,650
7,8462,16519, 060
16,1036, 43616, 6633,8374,1192,2772,947
24, 4908,878
7,07a
2,8204,8045,9504,880
4,7954,998
20, 9804, 0054,5824,6206,0358,110
18,42519,7217,290
57, 350
7,0507,3957,185
27, 9405,7019,96029,86322, 73811,19012, 09522,4397,578
20, 25527,370
8,30221,57014,01014,380
16,63048,99023,200
101, 590
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 133
National banks that have gone into voluntary liquidation under the provisions of sections5220 aud 5221 of the Revised Statutes of the United States, <f c.—Continued.
Name and location of bank. Date ofliquidation.
Dec. 12,1882 $100,000Dec. 26,1882 100, 000Dec. 30,1882 200, 000
Capital.
Dec. 30,1882Dec. 30,1882Jan. 3,1883Jan. 9,1883
First National Bank, Wellington, Ohio..Second National Bank, Jeffeison, Ohio . .First National Bank, Painesville, Ohio ..Saint Nicholas National Bank, New
York.N. YFifth National Bank, Chicago, 111First National Bank, Dowagiac, Mich . . .First National Bank, Greenville, IIIMerchants' National Bank, East Sagi-
naw, MichLogan County National Bank, Russell-
ville.Ky. Jan. 9,1883 1National Bank of "Vandalia, 111 Jan. 11,1883 |Traders' National Bank, Charlotte, N. C. Jan. 16,1883 |First National Bank, Norfolk, Nebr | Feb. 3,1883 ;First National Bank, Midland City, \ \
Mich* Feb. 5,1883 jCitizens' National Bank, New Ulin, Minn.! Mar. 1,1883 INational Bank of Owen, Owentou, Ky.. . Mar. 5,1883 |Merchants' National Bank, Nashville,
Ten a June 30,1883Indiana National Bank, Bedford, Ind. . . . Aug. 25,1883Stockton National Bank, Stockton, Cal..I Oct. 1,1883Wall Street National Bank, New York,
N. Y Oct. 15,1883Commercial National Bank, Reading, Pa Oct. 23,1883Corn Exchange National Bank, Chicago,
111* Nov. 10,1883Farmers' National Bank, Sullivan, Ind.. Dec. 24,1883City National Bank, La Salle, 111 ! Jan. 8,1884Hunt County National Bank, Greenville, ! I
Tdx ! Jan. 22,1884Waldoboro' National Bank, Waldoboro', I
Me i Jan. 31,1884Third National Bank, Nashville, Tenn.J Feb. 20, 1884Madison County National Bank, Ander- |
son, Ind . . . ' Mar. 25,1884First National Bank, Phoenix, Ariz Apr. 7,1884Cobbossee National Bank, Gardiner, Me. Apr. 18,1884Mechanics and Traders' National Bank, I
New York, N. Y j Apr. 24,1884Princeton National Bank, Princeton. N.J. May 17,1884Kearsarge National Bank, Warner, N. H. June 30,1884Second National Bank, Lansing, Mich... July 31,1884First National Bank, Ellensburg, Wash. Aug. 9,1884German National Bank, Millerstown, Pa. Aug. 12,1884Exchange National Bank, Cincinnati, I
Ohio Aug.27,1884First National Bank, Rushville, 111 Sept. 30,1884Mechanics' National Bank, Peoria, 111... Oct. 4,1884First National Bank, Freeport, Pa j Oct. 10,1884Genesee County National Bank, Batavia,
N. Y i Oct. 11,1884Valley National Bank, Red Oak, Iowa... Oct. 20,1884Merchants' National Bank, Bismarck,
Dak Oct. 28,1884Manufacturers' National Bank, Minne- i
apolis, Minn Nov. 1,1884Farmers and Merchants'National Bank,
Uhricsville, Ohio Nov. 10,1884 jMetropolitan National Bank, New York,
N.Y Nov. 18,1884First National Bank, Grand Forks, Dak. | Dec. 2,1884Freehold National Banking Company,
Freehold,N.J Dec. 10,1884Albia National Bank, Albia, Iowa Dec. 16,1884First National Bank, Carlinville, 111 Dec. 16,1884Iron National Bank, Gunnison, Colo Dec. 8,1884Freeman's National Bank, Augusta, Me. Dec. 26,1884First National Bank, Kokomo, Ind Jan. 1,1885First National Bank, Sabetha, Kans Jan. 2,1885First National Bank, Wyoming, III Jan. 13,1885First National Bank, Tarentum. Pa Jan. 13,1885Farmers' National Bank, Franklin, Tenn. Jan. 24,1885First National Bank, Walnut, 111 Jan. 21,1885
Circulation.
500, 000500, 00050,000
150, 000
J a n . 9,1S83 | 200,000
50, 000100, 000
50, 00045, 0U0
30, 00050, 00056, 000
300, 00035, 000
100,000
500, 000150, 000
700, 00050, 000
100, 000
68, 250
50, 000300, 0U0
50, 00050, 000
150, 000
200,000100, 000
50, 00050, 00050,00050, 000
500, 00075, 000
100, 00050, 000
50, 000 I50 000 I
73,000 j
300,000
50, 000
3, 000, 00050, 000
50, 00050, 00050, 00050, 000100, 000250, 00050, 00050, 00050, 00050, 00060, 000
Issued.
$90, 00090, 000
162, 800
450, 00029, 70045, 00059, 400
101,100
40, 05090, 00038, 80011, 240
Retired.
I
45, 00022, 500
17,300 I
44,000180,000 i
45, 00011, 24090, 000
85, 40072, 50023, 58640, 00013, 50045, 000
78,000 !66,500 I72,000 !44,200 i
45, 00022,150
22, 500
45,000
34, 600
1, 447, 00019, 250
93, 00011, 24022, 45011, 25090, 00045, 00010,74011, 20042, 50010, 74036, 000
$60, 9u657,910
104, 460
298, 53015, 31030, 94834, 590
65, 480
29, 43052, 42027 5705,190
21, 0706,870
5,350
21, 74091, 170
20, 8504,73040,140
38, 47036, 22010, 90612, 4004,90012,175
18,41015, 94019, 59011, 680
16, 660
6,280
3,250
8,260
8,110420, 2705,330
28, 8302,3905,9703,03030,3209,8802,0001,9507,9801,3705,680
Out-standing.
$29,09432, 09058,340
151,47014,39014, 05224, 810
35, 620
10, 62037, 58011, 2306,050
23, 93015, 630
11, 950
22, 26088,830
24,1506,510
49, 860
46, 93036, 28012, 68027, 6008,600
32, 826
59,59050, 56052, 41032, 520
28,340
15, 870
19,250
36,740
26,4901, 026,730
13,920
64,1708,85016, 4808,220
59, 68035,1208,7409,25034, 5209,37030,320
* No circulation issued.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
134 REPOKT OF THE COMPTROLLER OF THE CURRENCY.
National Panics that have gone into voluntary liquidation under the provisions of sec5220 and 5221 of the Revised Statutes of the United States, $c—Continued.
Name and location of bank.
Citizens' National Bank, Sabetha, Kans.First National Bank, Tucson, ArizRipon National Bank, Ripon, WisFarmers' National Bank, Franklin, Ohio.National Union Bank, Swan ton, VtFirst National Bank, Prescott, ArizGerman National Bank, Memphis, Tenn.First National Bank, Superior, WisShetucket National Bank, Norwich,
ConnCumberland National Bank, Cumber-
land, R.IMerchants and Farmers' National Bank,
Shakopee, MinnFirst National Bank, Columbia, Tenn . . .Union National Bank, New York, N. Y..Manufacturers' National Bank, Apple-
ton , WisFirst National Bank, Plankinton, Dak...
Date ofliquidation. Capital.
Jan.Jan.Feb.Apr.Apr.Apr.MayMay
27,188531,18857,18851,188528,18859,18856,188516,1885
May 18,1885
June 5,1885
May 12,1885July 14,] 885July 21,1885
Oct. 10,1885Oct. 21,1885
$50, 000100, 00050, 00050, 00050, 00050, 000175, 300
60, 000
100, 000
125, 000
50, 000100, 000
1,200,00050, 00050, 000
91, 184, 780
Circulation.
Issued.
$11, 24028,10016, 20027, 35043, 80011, 250
120,10018, 900
72, 000
112, 500
10,24066, 80025,100
45, 00011, 250
35, 924, 924
Retired.
$1, 8206,7201,9603,3405,0301,760
15, 6902,040
10,100
14, 940
7403,630
950NoneNone
30, 820 996
Out-standing.
$9, 42021, 38014, 24024, 01038, 7709,490
104, 410
16, 860
61, 900
97, 5609,500
63,17024,150
45, 00011,250
5,103, 928
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY.
National hanks that have gone into voluntary liquidation under the provisions of section®5220 and 5221 of the Revised Statutes of the United States, for the purpose of organizing?new associations with the same or different title, with date of liquidation, amount of capi-tal, circulation issued, retired, and outstanding on November ] , 1885.
Xame and location of bank. Date ofliquidation. Capital.
Circulation.
Issued, j Retired. I Out-I standings.
First National Bank, Kondout, N. Y . . . i Oct. 30,1880 !First National Bank, Huntington, Tnd .. Jan. 31,1881 |First National Bank, Indianapolis, Ind.. j July 5,1881 IFirst National Bank, Valparaiso, Ind . . . j Apr. 24,1882First National Bank, Still water, Minn .. I Apr. 29,1882First National Bank, Chicago, 111 | Apr. 29,1882First National Bank, Woodstock, 111.... j Apr. 30,1882 |Second National Bank, Cincinnati, Ohio. I Apr. 28,1882Second National Bank, New York, N. Y.l Apr. 28,1882First National Bank, Portsmouth, N. H .! Apr. 29,1882First National Bank, Richmond, Ind May 5,1882Second National Bank, Cleveland, Ohio . May 6,1882First National Bank, New Haven, Conn. May 6,1882First National Bank, Akron, Ohio ! May 2,1882First National Bank, Worcester, Mass... May 4,1882First National Bank, Barre, Mass ! May 9,1882First National Bank, Davenport, Iowa.. May 9,1882First National Bank, Kendallville, Ind.. May 12,1882First National Bank, Cleveland, Ohio . . . May 13,1882First National Bank, Youngstowrt, Ohio. May 15,1882First National Bank, Evausville, Ind May 15, 1882First National Bank, Salem, Ohio May 15,1882First National Bank, Scranton, Pa May 18,1882First National Bank, Centreville, Ind. . . May 18, 1882First National Bank, Fort Wayne, Ind .. May 22,1882First National Bank, Strasburg, Pa May 22,1882First National Bank, Marietta, Pa May 27,1882First National Bank, La Fayette, Ind . . . May 31,1882First National Bank, McConnelsville,
Ohio I May 31,1882 iFirst National Bank, Milwaukee, Wis.. . May 31,1882 |Second National Bank, Akron, Ohio | May 31,1882First National Bank, Ann Arbor, Mich .| June 1,1882First National Bank, Geneva, Ohio June 1, 1882First National Bank, Oberlin, Ohio . . . June 1,1882First National Bank, Philadelphia, Pa ..First National Bank, Tro/p, OhioThird National Bank, Cincinnati, Ohio..First National Bank, Cambridge City,
I n dFirst National Bank, Lyons, IowaFirst National Bank, Detroit, Mich . . . .First National Bank, Wilkes Barre, Pa , ,First National Bank, Iowa City, Iowa ..[ June24,1882First National Bank, Nashua, N. H | June 24,1882First IS ational Bank, Johnstown, Pa ...! June 24,1882
June 10,1882June 10,1882June 14,1882 j
June 15,1882 IJune 15,1882June 17,1882June 20,1882
First National Bank, Pittsburgh, PaFirst National Bank, Terre Haute, Ind..First National Bank, Hollidaysburg, PaFirst National Bank, Bath. MeFirst National Bank, Janesville, Wis . . .First National Bank, Michigan City, IndFirst National Bank, Monmouth, 111 . . . I July 3,1882First National Bank, Marion, IowaFirst National Bank, Marlborough, MassNational Bank of Stanford, KyFirst National Bank, Sandusky, Ohio . . .First National Bank, Sandy Hill, N. Y..First National Bank, Lawrenceburg, IndFirst National Bank, Cambridge, Ohio ..First National Bank, Oshkosh, WisFirst National Bank, Grand Rapids, MichFirst National Bank, Delphos, OhioFirst National Bank, Freeport, 111First National Bank, Elyria, OhioFirst National Bank, Troy, N. Y.
June 29, 1882June 29,1882June 30,1882June 30,1882June 30,1882June 30,1882
July 11,1882Aug. 3,1882Oct.Oct.
3,18826,1882
Second National Bank, Detroit, Mich . . .Second National Bank, Peoria, 111National Fort Plain Bank, Fort Plain, N.
YLogansport National Bank, Logansport,
IndNational Bank of Birmingham, Ala
Dec. 31, 1882Feb. 24,1883 !Feb. 24,1883 :Feb. 24,1883 iFeb. 24,1883 !Feb. 24,1883Feb. 24,1883Feb. 24,1883Feb. 24,1883 jFeb. 24,1883 jFeb. 24,1883 |
Feb. 24,1883 j
Dec. 1,1883 ;May 14,1884 \
$300, 0001.00, 000300, 00050, 000130, 000
1, 000, 00050, 000
200, 000300,000300,000200,000
1, 000, 000500, 000100, 000300, 000150, 000100, 000150, 000300,000500, 000500, 00050, 000
200, 00050, 000
300, 000100, 000100, 000150, 000
50,000 j200,000 I100,000 !100,000 i100,000 I50,000 I
1,000,000 !200,000 :800,000 |
50,000100,000500,000375,000 !100,000 i100,000 !60,000 i
750,000 j200,00050,000 I
200, 000125, 000100, 00075, 00050, 000
200, 000150,000150, 00050, 000
100, 000100, 000100, 000400, 00050, 000100, 000100, 000300, 000
1, 000,000100, 000
200, 000
100, 00050, 000
$270, 00090, 000279, 248•45, 00083, 45690, 00045, 000180,000376, 890286, 00087, 400
510, 800355, 310114, 822252, 000135,00045, 00090, 000
266, 462441, 529442, 870110, 54045, 00064, 52545, 00079, 20099, 000175, 060
84, 640229,170102, 70685, 07890, 00058, 382
799, 800180, 000609, 500 j
45,00090, 000
336, 345337, 50088, 40090, 00054, 000
594, 000141, 57545, 000180, 000121,05045, 00045, 00045, 000180,000135, 00090, 00045, 00090, 00080, 80047, 800155, 90045, 00053, 50090, 000
229, 550363, 70090, 000
174, 300
16, 85045, 000
$216, 85280, 645
215, 42436, 01571, 47775, 87734, 350121, 320274, 035214,18060, 812
356, 650264,12078, 772
193, 476100, 89329, 74363, 000
181, 688321, 429300, 04078,950 i31,705 '48,925 I29,86159,06271,030138,425 |
60,067 !159,072 !71,932 i63,670 j61,01041, 298540,920 S129,093 j422,430 I
29,872 i55,581 !249,775 I239,700 |63, 575 |66,75037,855 I
402,870 !101,173 j33,250131,870 j81,110 I38.498 i37.499 i34,900 \131,270 |97,35056,890 '31,350 !58,350 |49,100 I35,390 j117,020 i32,300 !41,15054, 000
160, 880223, 880
46, 440
$53,14®9, 35S
63,8248, 985
11, 97914,12310, 65058, 680
102, 85571. 820-26, 588
154,15G91,19a36, 050'58,524.34,.10T15, 257;27, 000-
84, 774A
120,10&142, 830'
31, 590?13, 295-15, 60015,139>20,13827, 970*36, 63fr
24, 573";70, 09830, 77421, 40&28, 990*17, 084
258, 88050, 90T
187, 07O>
15,12834, 419-86, 570'97, 800*24, 82523, 250>16,145
191,13040, 40211, 75048,13039, 940
6,5027,501
10, lOi)48, 73037, 65033,11013, 65031,65031, 70012, 41038, 88012, 70O12, 350>36, 000.68, 670
139, 820*43, 560
111,046 j 63,254
9,60020, 830
7, 25024, 17 to
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
136 REPORT OF THE COMPTROLLER OF THE CURRENCY
National banks that have gone into voluntary liquiation under the provisions of sections5220 and 5221 of the Revised Statutes of the United States, fc—Continued.
Name and location of bank.
SFirst National Bank, Westfield, N. T . . .First National Bank, Incleppnclence, IowaFirst National Bank, Sturgis, MichNational Bank, Rutland, VtKent National Bank, Chesteitown, Md..National Fulton County Bank, Glovers-
ville,N. YFirst National Bank, Centralia, 111National Exchange Bank, Albion, Mich.First National Bank, Paris, MoFirst National Bank, Yaldma. WashFirst National Bank, Flint, Mich
Total
Date ofliquidation.
June 1,1884Oct. 31,1884Dec. 31,1884Jan. 13,1885Feb. 12,1885
Feb. 20,1885Feb. 25,1885Feb. 28, 1885Mar. 31,1885Juno 20,1885June 30,1885
Capital.
$50,000100, 00050,000
500, 00050, 000
150, 00080, 00075, 000
100, 0d050, 000
200, 000
17, 570, 000
Circulation.
Issued.
$42,80090, 00043, 850
238, 70029, 450
135, 00070, 60030, 60089,15514, 650
121, 500
12, 440, 963
Retired.
$16,18020, 57010, 58072,15014,770
28,1909,8306,253
13,1751,5108,760
8, 381, 340
Out-standing.
$26,62069,43033,270
166, 55014,680
106,81060,77024,34775,98013,140
112,740
4,059,623
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 137
Nmmes of hanks in liquidation under section 7, act July 12, 1882, with date of expiration ofcharter, circulation issued, retired, and outstanding November 1,1885.
Name and location of bank.
First National Bank, Pontiac, MichFirst National Bank, Washington, Iowa.First National Bank, Fremont, OhioSecond National Bank, Dayton, OhioFirst National Bank, Girard, PaFirst National Bank, Xenia, OhioFirst National Bank, Peru, 111First National Bank, Elmira, N. YFirst National Bank, Chittenango, N. Y.First National Bank, Eaton, OhioFirst National Bank, Leominster, Mass..First National Bank, Winona, MinnAmerican National Bank, Hallowell, Me.First National Bank, Attica, IndCitiasens'National Bank, Indianapolis, IndFirst National Bank, Noith East, Pa.. . .First National Bank, Gralva, 111First National Bank, Thornton, IndMnncie National Bank, Muncie, IndMerchants' National Bank, Evansville,
IndSaybrook National Bank, Essex, Conn..Union National Bank, Albany, N. YBattenkill National Bank, Manchester,
VtFirst National Bank, 0 wosso, MichCoventry National Bank, Anthony, R. IState National Bank, Keokuk, IowaTolland County National Bank, Tolland,
Conn - - -City National Bank, Hartford, ConnWest River National Bank, Jamaica, Vt-
Total
Date ofliquidation.
Dec. 31,1881Apr. 11,1882May 22,1882May 26,1882June 1,1882Feb. 24,1883Feb. 24,1883Feb. 24,1883Feb. 24, 1883July 4,1884July 5,1884July 21,1884Sept. 10,1884Oct. 28,1884Nov. 11,1884Dec. 23,1884Jan. 2,1885Jan. 13,1885Jan. 28,1885
Feb. 6,1885Feb. 20,1885Mar. 7,1885
Mar. 21,1885Apr. 14,1885Apr. 17,1885May 23,1885
June 6,18P5June 9,1885Aug. 17,1885
Capital.
$50, 000100, 000100, 000300, 000100, 000120, 000100, 000100, 000150, 000
50, 000300. 000
50, 00075, 00056, 000
300, 00050, 00050, 00050, 000
200, 000250, 000100, 000250, 000
75, 00060, 000
100, 000150, 000
100, 000550, 000
60,000
4, 096, 000
Circulation.
Issued.
$90,00088, 56590, 000
262, 94190, 000
108, 00045,00090, 000
135, 00044, 300
244,40044, 20067, 50050,40087, 80024, 55036, 00043, 740
161, 00090, 80061, 200
144,400
57, 70053, 50089, 00045, 000
44,10090, 00054, 000
2, 533,096
Retired.
$65, 37060, 25263, 237
181, 60065, 77564, 55026, 30056, 570
100, 04013, 64090, 69015, 09025, 51019, 40024,4103,0807,800
10, 320
31, 90016, 68010, 09039, 530
10, 8506,990
20, 0104,090
5,32012, 840
2,850
1, 054, 784
Out-standing.
$24, 63028,31326,76381,34124,22543, 45018, 70033, 43034, 96030, 660
153, 71029,11041, 99031, 00063,39021,47028, 20033,420
129,10074,12051,110
104,870
46,85046,51068,99040,910
38,78077,16051,150
1,478, 312
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
138 REPOET OF THE COMPTROLLER OF THE CURRENCY.
Name8 of Panics in liquidation under section 7, act July 12, 1882, with date of expiration ofcharter, circulation issued, retired, and outstanding, succeeded by associations with thesame or different title, November 1,1885.
Name and location of bank.
First National Bank, Kittanning, PaNational Bank of Beaver County, New
Brighton, PaNational Bank, Beaver Dam, "WisMerchants' National Bank, Cleveland, 0-TJnion National Bank, Chicago, 111First National Bank, Le Roy, N. YEvansville National Bank, IndianaNational Albany Exchange Bank, Al-
bany.N.YNational Bank, Galena, 111National State Bank, La Fayette, Ind...First National Bank, Knoxyille, 111Farmers' National Bank, Eipley, Ohio..City National Bank, Grand Rapids, Mich.Lee County National Bank, Dixon, 111...Fort Wayne National Bank, IndNational Exchange Bank, Tiffin, Ohio...National Bank, Malone, N. YJefferson National Bank, Steubenville, OFirst National Bank, Battle Creek, MichCentral National Bank, Danville, KyKnox County National Bank, Mount
Yernon, OhioFirst National Bank, Haughton, Mich ..National Bank, Fort Edward, N. YNational Bank, Salem, N. YNational Exchange Bank, Seneca Falls,
N YTrumbull National Bank, Warren, Ohio..Attleborough National Bank, North At-
tleborough, MassAmerican National Bank, Detroit, Mich.First National Bank, Paris, 111First National Bank, Saint John, Mich..Second National Bank, Pontiac, Mich...Raleigh National Bank North Carolina,
Raleigh, N. CFirst National Bank, Danville, Ky
Date of liqui-dation.
July 2,1882
Nov. 12,1884Dec. 24,1884Dec. 27,1884Dec. 29,1884Jan. 2,1885Jan. 3,1885-
Jan.Jan.Jan.Jan.Jan.Jan.I Jan.Jan.! Mar.j Mar.I Mar.Mar,Mar.
10,188511,188516,188516,188517,188521,188521,188525,18851,18859,188521,188528,188528,1885
Total.
Apr. 1,1885Apr. 18,1885Apr. 22,1885May 4,1885
May 6,1885July 5,1885
July 17,1885July 24,1885Aug. 12,1885Aug. 14,1885Sept. 1,1885
Sept. 5,1885Sept. 22,1885
Capital.
$200, 000
200,00050, 000
800, 0001, 000, 000
150, 000800, 000
300, 000100, 000300, 000
60, 000100, 000300, 000100, 000350, 000125, 000200, 000150, 000100, 000200, 000
75, 000100, 000100, 000100, 000
100, 000150, 000
100, 000400, 000125, 000
50, 000100, 000
400, 000150, 000
Circulation.
Issued.
7, 535, 000
$199, 500
97, 30041,100228,10062, 800
135, 000543, 050
243, 90055, 900
615, 00043, 60087, 40045, 00041, 500257, 30050, 50065, 900132, 60089, 200180, 000
53, 20045, 00088, 90086,100
88, 400134, 500
84, 300251, 500111, 50021,00043, 700
123, 90090, 000
4, 436, 650
Retired.
$134, 360
25, 2409,060
55, 23014, 07038, 69055, 430
70, 2409, 850
519, 8807,700
17, 94011, 5407,660
41, 9708, 02011, 91021, 78010, 96024, 720
8,0005,31016, 49015, 480
14,4007,160
6,0009,7704,520900
1, 590
3, 5006,280
1,195, 740
Out-standing.
$65, 140
72, 06032, 040172, 87048, 73096, 310
487,620
173, 66046, 05095,12035, 90069, 46033, 46033, 840
215, 33042, 48053,990110, 82078, 240
155, 280
45, 20039, 69072,41070, 620
74, 000127, 340
78, 300241,730106, 98020,10042,110
120, 31083, 720
3, 240, 910
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 139
National banks that have been placed in the hands of receivers, together with their capital,circulation issued, lawful money deposited with the Treasurer to redeem circulation, theamount redeemed, and the amount outstanding, on November 1, 1885.
Name and location.
First National Bank, Attica, N. YYenango National Bank, Franklin, PaMerchants' National Bank, Washington,
D.CFirst National Bank, Medina, N. YTennessee National Bank, Memphis, Tenn.First National Bank, Selma, AlaFirst National Bank, New Orleans, LaNational Unadilla Bank, Unadilla, N. Y..Farmers and Citizens' National Bank,
Brooklyn, N. TCroton National Bank, New York, N. Y..First National Bank, Bethel, ConnFirst National Bank, Keokuk, IowaNational Bank of Vicksburg, MissFirst National Bank, Rockford, 111First National Bank of Nevada, * Austin,
NevOcean National Bank, New York, N. Y.. .Union Square National Bank, New York,
N. Y . .liighth National Bank, New York, N. Y...Fourth National Bank, Philadelphia, Pa...Waverly National Bank, Waverly, N. Y...First National Bank, Fort Smith", ArkScandinavian National Bank, Chicago, 111..Walkill National Bank, Middletown, N. Y.Crescent City National Bank, New Orleans,
LaAtlantic National Bank, New York, N. Y.First Natioual Bank, Washington, D. CNational Bank of Commonwealth, New
York,N.Y |Merchants' National Bank, Petersburg, Va|First National Bank, Petersburg, Va.~ iFirst National Bank, Mansfield, Ohio |New Orleans National Banking Associa- j
tion, New Orleans, La iFirst National Bank, Carlisle, PaFirst National Bank, Anderson, Ind !First National Bank, Topeka, Kans \First National Bank, Norfolk, Va jGibson County National Bank, Princeton, I
Ind ..!First National Bank of Utah, Salt Lake !
City, Utah .1Cook County National Bank, Chicago, 111.First National Bank, Tiffin, Ohio ICharlottesville National Bank, Charlottes- !
yille, Va . . . . !Miners' National Bank, Georgetown, Colo.!Fourth National Bank, Chicago, 111 '•First National Bank, Bedford, Iowa |First National Bank, Osceola, Iowa !First National Bank, Duluth, Minn |First National Bank, La Crosse, Wis !City National Bank, Chicago, 111 !Watkins National Bank, Watkins, N. Y.JFirst National Bank, Wichita, Kans !First National Bank, Greenfield, Ohio !National Bank of Fishkill, N. Y |First National Bank, Franklin, Ind jNorthumberland County National Bank,
Shamokin, PaFirst National Bank, Winchester, 111National Exchange Bank, Minneapolis,
Minn ."National Bank of State of Missouri, Saint
Louis, MoFirst National Bank, Delphi, IndFirst National Bank, Georgetown, Colo...Lock Haven National Bank, Lock Haven,
PaThird National Bank, Chicago, 111Central National Bank, Chicago, 111First National Bank, Kansas City, Mo
Capital.
$50, 000300, 000
200, 00050, 000100, 000100, 000500, 000120, 000
300, 000200, 00060, 000100, 00050, 00050, 000
250, 0001, 000, 000
200, 000250, 000200, 000106,10050, 000250,000175, 000
500, COO300, 000500, 000
750, 000400, 000200, 000100, 000
600, 00050, 00050, 000
100, 000100, 000
50, 000
150, 000500, 000100, 000
200, 000150, 000200, 00030, 00050, 000100, 00050, 000
250, 00075, 00060, 00050, 000200, 000132, 000
67, 00050, 000
100, 000
2, 500, 00050, 00075, 000
120, 000750, 000200, 000500, 000
Lawfulmoney de-posited.
$44, 00085, 000
180, 00040, 00090, 00085, 000180, 000100, 000
253, 900180,00026, 30090, 00025, 50045, 000
129, 700800, 000
50, 000243, 393179, 00071,00045, 000135, 000118, 900
450, 000100,000450, 000
234, 000360, 000179, 20090, 000
360, 00045, 00045, 00090, 00095, 000
43, 800
134, 991315, 90068, 850
146, 58545, 000180, 00027, 00045, 00090, 00045, 000225, 00067, 50052, 20050, 000
177, 200130, 992
60, 30045, 000
90, 000
1, 658, 80045, 00045, 000
71, 200516, 84045, 00044, 940
Circulation.
Issued.
$44, 00085, 000
180, 00040, 00090, 00085, 000180, 000100, 000
253, 900180, 00026, 30090, 00025, 50045, 000
129, 700800, 000
50, 000243,393179, 00071, 00045, 000
135, 000118, 900
450, 000100, 000450, 000
234, 000360, 000179, 20090, 000
360, 00045, 00045, 00090, 00095, 000
43, 800
134, 991315, 90068, 850
146, 58545, 000180, 00027, 00045, 00090, 0004 5,000225, 00067, 50052, 20050, 000177, 200130, 992
60, 30045, flOO
90, 000
1, 693, 66045, 00045, 000
71, 200597, 84045, 00044, 940
Redeemed.
$43, 73684, 748
179, 25939, 74789, 62484, 547
178, 68099, 744
252, 520179, 58026, 08989, 56925, 41944, 663
128, 546790, 457
49, 634240, 459177, 02569, 89344, 455
134, 315117, 249
445, 71598, 483439,114
229, 579352, 445174,88088, 122
353,00044,11043, 93688, 16992, 085
43,165
132, 747311,05367, 070
141, 89543, 930175, 40524, 98044, 00088, 63643, 618219,48664, 24151,12348, 529167, 253124, 422
56, 87042, 587
81, 900
1, 657, 67042, 99042, 070
64,103517, 60241, 80338, 610
Outstand-
$264252
741253376453
1,320256
1,38042021143181337
1,1549,543
3662,9341,9751,107545685
1,651
4,2851,517
10, 886
4,4217,5554,3401,878
7,000890
1,0641,8312,315
635
2,2444,8471,780
4,6901,0704,5952,0201,0001,3641,3825,5143,2591,0771,4719,9476,570
3,4302,413
8,100
35, 9902,0102,930
7,09780, 2383,1976,330
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
140 REPORT OF THE COMPTROLLER OF THE CURRENCY.
National banks that have been placed in the hands of receivers, $c.—Continued.
Name and location.
Commercial National Bank, Kansas City,Mo ".
First National Bank, Ashland, PaFirst National Bank, Tarrytown, N. TFirst National Bank, Allentown, PaFirst National Bank, Waynesburg, PaWashington County National Bank, Green-
wich, N. YFirst National Bank, Dallas, TexPeople's National Bank, Helena, MontFirst National Bank, Bozeman, MontMerchants' National Bank, Fort Scott,
KansFarmers' National Bank, Platte City, Mo.First National Bank, Warrensburgb, Mo..Germ an-American National Bank, Wash-
ington, i >. CGerman National Bank, Chicago, TilCommercial National Bank, Saratoga
Springs, N. YSecond National Bank, Scranton, PaNational Bank of Poultney, VtFirst National Bzaik, Monticello, IndFirst National Bank, Butler, PaFirst National Bank, Meadville, PaFirst National Bank, Newark, N. JFirst National Bank, Brattleboro1, VtMechanics' National Bank, Newark, N. J .First National Bank, Buffalo, N. Y.Pacific National Bank, Boston, Mass.First National Bank, Union Mills, PaVermont National Bank, Saint Albans, Vt.First National Bank, Leadville, ColoCity National Bank, Lawrenceburg, Ind ..First National Bank, Saint Albans, Vt... .First National Bank, Monmontb, 111Marine National Bank, New York, N. Y..Hot Springs National Bank, Hot Springs,
ArkRichmond National Bank, Richmond, Ind.First National Bank, Livingston, Mont . . .First National Bank, Albion, N. YFirst National Bank, Jamestown, DakLogan National Bank, West Liberty, Ohio.Middletown National Bank, Middletown,
N. YFarmers' National Bank, Bushnell, 111Schoharie County National Bank, Scho-
harie. N. YExchange National Bank, Norfolk, Va
Capital.
$100, 000112,500100,000250, 000100, 000
200, 00050, 000100, 00050, 000
50, 00050, OUO100, 000
130, 000500, 000
100, 000200, 000100, 00050, 00050, 000100, 000300, 000300, 000500, 000100, OUO961, 30050, 000
200, 00060, 000100, 000100, 00075, 000400, 000
50, 000250, 00050, 000100, 00050, 00050, 000
200, 00050, 00050, OUO
300, 000
21, 858, 900
Lawfulmoney de-posited.
$44, 50075, 55489, 20078, 64169, 343
114,22029, 80089, 30044, 400
45, 00027, 00045, U00
62, 50042, 795
86, 90091,46590, 00027, 00058,16589, 500
32(5, 64390, 000
344, 75075, 000
408, 00034, 00065, 20053, 00077, 00089, 98027, 000129,100
40, 850113,90011,24090. 00018, 650.7, 000
75, 00020, 00027,100
138, 200
13, 723, 889
Circulation.
Issued.
$44, 50075, 55489, 20078, 64169, 345
114,22029, 80089, 30044, 400
45, 00027, 00045, 000
62, 50042, 795
1 86,90091, 46590, 00027, 00071, 16589, 500
326, 64390, 000
450, 00099, 500450, 00045, 00065, 20053, 00077, 00089, 98027, 000260,100
40, 850158, 90011, 24090, 00018, 65023, 400
176, 00045, 00038, 350
228,200
14, 455,149
Redeemed.
$39, 89265, 80781,13170, 46368, 070
105, 08428, 06079, 97542, 420
42, 92025, 48042, 821
60, 78034, 085
82, 00178, 96882, 88725, 02457, 47073, 422281,51670,117344,81377,185391,76930,18541, 76727, 58527,56546, 2589,120
140, 081
12, 48061, 9963,36036, 5596,6626,685
68, 67211, 5929,505
52,118
12, 942, 284
Outstand-ing.
$4,«089,7478,0698,1781,275
9,1361,7409,3251,980
2,0801,5202,179
1,7208,710
4,89912,4977,1131,976
13, 69516,<*7845,12719, 883105,18722, 31558, 23114, 81523, 43325,41549,43543, 72217, 880
120, 019
28,37096, 9047,88053,44111, 98816, 715
107, 32833,40828,845
176,082
1, 512, 865
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 141
naolvent national banks, with date of appointment of receivers, amount of capital stock andclaims proved, and rate of dividends paid to creditors.
¥ame and location of bank.
First National Bank of Attica, N. Y.Yenango National Bank of Frank-
lin, Pa.Merchants' National Bank of Wash-
ington, D. C.First National Bank of Medina,
N. Y.Tennessee National Bank of Mem-
phis, Tenn.First National Bank of Selma, Ala .First National Bank of New Or-
leans, La.National Unadilla Bank, Unadilla,
N.Y.Farmers and Citizens' National
Bank of Brooklyn, N. Y.Croton National Bank of New York,
N.Y.First National Bank of Bethel,
Conn.First National Bank of Keoknk,
Iowa.National Bank of Vicksburg, Miss.First National Bank of Kockford,
El.First National Bank of Nevada,
Austin, Nev.Ocean National Bank of New York,
N.Y.Union Square National Bank of
New York, N. Y.
Eighth National Bank of NewYork, N. Y.
Fourth National Bank of Philadel-phia. Pa.
Waverly National Bank of Wav-erly, N. Y.
First National Bank of Fort Smith,Ark.
Scandinavian National Bank ofChicago, 111.
Wall kill National Bank of Middle-town, N. Y.
Crescent City National Bank ofNew Orleans, La.
Atlantic National Bank of NewYork, N. Y.
First National Bank of Washing-ton, D. C.
National Bank of the Common-wealth, New York, N.Y.
Merchants' National B a n k ofPetersburg, Ya.
First National Bank of Petersburg,Ya.
First National Bank of Mansfield,Ohio.
New Orleans National BankingAssociation, New Orleans, La.
First National Bank of Carlisle,Pa.
First National Bank of Anderson,Ind.
First National Bank of Topeka,Kans.
First National Bank of Norfolk, Va.Gibson County National Bank of
Princeton, IndFirst National Bank of Utah, Salt
Lake City, Utah.Cook County National Bank of
Chicago, III.First National Bank of Tiffin, Ohio.
Receiver ap-pointed.
Apr. 14,18G5May 1,1866
May 8,1866
Mar. 13,1867
Mar. 21,1867
Apr. 30,1867May 20,1867
Aug. 20,1867
Sept. 6,1867
Oct. 1,1867
Feb. 28,1868
Mar. 3,1868
Apr. 24,1868Mar. 15,1869
Oct. 14,1869
Dec. 13,1871
Dec. 15,1871
Dec. 15,1871
Dec. 20,1871
Apr. 23,1872
May 2,1872
Dec. 12,1872
Dec. 31,1872
Mar. 18,1873
Apr. 28,1873
Sept. 19,1873
Sept. 22,1873
Sept 25,1873
Sept. 25,1873
Oct. 18,1873
Oct. 23,1873
Oct. 24,1873
Nov. 23,1873
Dec. 16,1873
June 3,1874Nov. 28,1874
Dec. 10,1874
Feb. 1,1875
Oot. 22,1875
Capitalstock.
$50, 000300, 000
200, 000
50, 000
100,000
100,000500, 000
120, 000
300, 000
200, 000
60, 000
100, 000
50, 00050, 000
250, 000
1, 000, 000
200, 000
250,000
200, 000
106,100
50, 000
250, 000
175, 000
500, 000
300, 000
500, 000
750, 000
400,000
200, 000
100, 000
600,000
50, 000
50,000
100, 000
100, 00050, 000
150, 000
500,000
100,000
Provedclaims.
$122, 089434, 531.
669, 513
82,338
376, 932
289, 467|1,119, 313
127, 801
1,191, 500
170, 752
68, 986
205, 256
33, 562
69, 874
170, 012
1, 282, 254
157, 120
378,772
645, 558
79, 864
15,142
249,174
171, 468
657,020
574, 513
1, 619, 965
796, 995
992,636
167,285
175, 068
1,429, 595
67, 292
143,765
55,372
176, 33062,646
93,021
1,795,992
237,824
Divi-dendspaid.
Pr.cent.5823.37
24.7
39.15
46.679
45.9
96
88.5
100
m49.241.9
92.7
100
100
100
100
100
100
50
100
84.83
100
100
100
34
76
57.5
62
73.5
39.5
58.3
57.5100
24.391
14.941
Remarks.
Finally closed.Finally closed; 8.37
since last report,Finally closed.
Finally closed.
Finally closed.
Finally closed.Finally closed.
Finally closed.
Finally closed.
Finally closed.
Finally closed.
Finally closed.
Finally closed.Finally closed.
Finally closed.
Finally closed; 46 percent, of interest paid.
Finally closed ; 10 percent, paid to stock-holders.
Finally closed.
Finally closed.
Finally closed; 32.5per cent, paid tostockholders.
Finally closed; 13 percent, paid to stock-holders.
Finally closed; 30 percent, of interest paid.
Finally closed.
Finally closed; 50 percent, of interest paid.
Finally closed.
Finally closed; 35.8per cent, paid tostockholders.
Finally closed.
Finally closed.
Finally closed.
2 per cent since lastreport.
Finally closed.
14.5 since last report
Finally closed.
Finally closed.Finally closed.
Finally closed.
Finally closed.
Finally closed.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1 4 2 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Insolvent national banks, ivith date of appointment of receivers, $c.—Continued.
Name and location of bank. Receiver ap-pointed.
Charlotteaville National Bank of | Oct. 28,1875Charlottesville, Va. i
Miners' National Bank of George- ! Jan. 24,1876town, Colo. I
Fourth National Bank of Chicago, ! Feb. 1,1876111.*
First National Bank of Bedford, j Feb. 1,1876Iowa.
Capitalstock.
First National Bank of Osceola,Iowa.
First National Bank of Duluth,Minn.
First National Bank of LaCrosse,Wis.
City National Bank of Chicago, 111.Watkins National Bank of Wat-
kins, N. Y.
First National Bank of Wichita,Kans.
First National Bank of Greenfield,Ohio.*
National Bank of Fishkill, Fishkill,N.Y.
First National Bank of Franklin,Ind.
Northumberland County NationalBank of Shamokin, Pa.
First National Bank of Winchester,HI.
National Exchange Bank of Minne-apolis, Minn.
National Bank of the State of Mis-souri, Saint Louis, Mo.
First National Bank of Delphi, Ind.
First National Bank of George-town, Colo.
Lock Haven National Bank ofLock Haven, Pa.
Third National Bank of Chicago,111.
Central National Bank of Chicago,111.
First National Bank of KansasCity, Mo.
Commercial National Bank of Kan-sas City, Mo.
First National Bank of Ashland,Pa.*
First National Bank of Tarry town,N.Y.irst National Bank of Allentown,Pa.*
First National Bank of Waynes -b P *burg, Pa.*
Washingtonof Greenwich, N. Y.
burg, Pa.Washington County National Bank
Feb. 25,1876
Mar. 13,1876
Apr. 11,1876
May 17,1876
July 12,1876
Sept. 23,1876
Dec. 12,1876
Jan. 27,1877
Feb. 13,1877
Mar. 12,1877
Mar. 16,1877
May 24,1877
June 23,1877
July 20,1877
Aug. 18,1877
Aug. 20,1877
Nov. 24,1877
Dec. 1,1877
Feb. 11,1878
Feb. 11,1878
Feb. 28,1878
Mar. 23,1878
Apr. 15,1878
May 15,1878
June 8,1878
,First National Bank of Dallas, Tex. | June 8,1878
People's National Bank of Helena,Mont.
First National Bank of Bozeman,Mont.
Merchants' National Bank of FortScott, Kans.*
Farmers' National Bank of PlatteCity, Mo.
First National Bank of Warrens-burg, Mo.
German American National Bankof Washington, D. C.
Sept. 13,1878
Sept. 14,1878 j
Sept. 25,1878 |
Oct. 1,1878
Nov. 1,1878
Nov. 1,1878
$200, 000
150, 000
200, 000
30, 000
50, 000
100, 000
50, 000
250, 000
75, 000
60, 000
50, 000
200, 000
132, 000
67, 000
50, 000
100, 000
2, 500, 000
50, 000
75, 000
120, 000
750, 000
200, 000
500, 000
100, 000
112, 500
100, 000
250, 000
100, 000
200, 000
50, 000
100, 000
50,000
50,000
50, 000
100, 000
130, 000
Provedclaims.
$351, 847
177, 512
35, 801
56, 457
34, 535
87, 786
135, 952
703, 658
59, 226
97, 464
35, 023
352, 062
184,457
175, 952
143, 300
227, 355
1,935,721
133,312
196, 356
254, 647
1, 061, 598
298, 324
392, 394
Divi-dendspaid.
Pr.cent.62
76.5
50
22.5
100
100
48.4
77. 512
100
70
27
100
100
81.59
68.6
88. 889
100
100
100
100
60
100
Remarks.
75,175
33,105
118, 371
90, 424
33, 362
262, 887
77,104
168, 048
69, 631
27, 801
32, 449
156, 260
282,370
100
100
90.5
88
60
100
38.1
40
85
60
100
100
50
Finally closed.
Finally closed.
Finally closed.Finally closed; inte-
rest paid in full.Finally closed.
Finally closed; .512since last report.
Finally closed; 13 percent, paid to stock-holders.
Finally closed.
Finally closed.
Finally closed; 38.5 percent, of interest paid.
Finally closed; inter-est paid in fall.
Finally closed.
Finally closed.
Finally .closed.
Interest paid in full.Finally closed; inter-
est paid in full.Finally closed; 15.1483
since last report.Finally closed.
Interest paid in full.
Finally closed.
Finally closed; 37.165per cent, paid tostockholders.
Finally closed.
Finally closed.
Finally closed; 3 percent, since last re-port.
20 per cent, since lastreport.
Finally closed.
Finally closed; 1.1 percent, since last re-port.
Finally closed.
Finally closed; 18 percent, paid to stock-holders.
Finally closed; inter-est paid in full.
* Formerly in voluntary liquidation.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 143
Insolvent nationat banks, with date of appointment of receivers, <fc.—Continued.
Name and location of bank. I Receiver ap- j Capital Provedpointed, j stock. claims.
German National Bank of Chicago,TIL*
Dec. 20,1878
Divi-dendspaid.
\Pr.cent.10,000 $197,353 100
Commercial National Bank ofSaratoga Springs, N. Y.
Second National Bank of Scranton, Mar. 15,1879Pa.* !
i
National Bank of Poultney, Vt j Apr. 7,1879
July 18,1879
Feb. 11,1879 j 100, 000 j 128, 832 !l00
200,000 j 132,461 100
First National Bank of Monticello,Ind.
First National Bank of Butler, Pa . .First National Bank of Meadville,
Pa.First National Bank of Newark,
N. J.First National Bank of Brattle-
boro', Vt.Mechanics' National Bank of New-
ark, N. J .First National Bank of Buffalo, N.
Y.Pacific National Bank of Boston,
Mass.First National Bank of Union Mills,
Onion City, Pa.Vermont National Bank of Saint
Albans, Vt.First National Bank of Leadville,
Colo.City National Bank of Lawrence-
burg, Ind.*First National Bank of Saint Al-
bans, Vt.First National Bank of Monmouth.
111.Marine National Bank of New
York, N. Y.Hot Springs National Bank of Hot
Springs, Ark.Richmond National Bank of Rich-
mond, Ind.Firs t National Bank of Livingston,
Mont.First National Bank of Albion,
N. Y.First National Bank of Jamestown,
Dak.
Logan National Bank of West Lib-erty, Ohio.
Middletown National Bank of Mid-dletown, N. Y.
Farmers' National Bank of Bush-nell, 111.
Schoharie County National Bankof Schoharie, N. Y.
Exchange National Bank of Nor-folk, Va.
Totals.
July 23,1879June 9,1880
June 14,1880
June 19,1880
Nov. 2,1881
Apr. 22,1882
May 22,1882
Mar. 24,1883
Aug. 9,1883
Jan. 24,1884
Mar. 11,1884
Apr. 22,1884
Apr. 22,1884
May 13,1884
June 2,1884
July 23,1884
Aug. 25,1884
Aug. 26,1884
Sept. 13,1884
Oct. 18,1884
Nov. 29,1884
Dec. 17,1884
Mar. 23,1885
Apr. 9,1885
100, 000
50,000
50, 000100, 000
300, 000
300, 000
500, 000
100, 000
961, 300
50, 000
200, 000
60, 000
loo, oooj
31, 801
21,182
108, 38593, 625
580, 592
104, 749
2, 703, 285
891, 431
2, 330, 990
186, 993
401, 492
189, 618
38, 951
100, 000] 282, 384
75, 000 230, 671
400,000' 4,463,578
50, 000
250, 000 322, 515
50, 000 18, 091
100,000; 153, 229
50, OOOj 8,131
100
98
70100
100
100
60
38
15
60
42.5
25
12.5
90
40
70
50, 000
200, 000
50, 000
50, 000
300, 000
77, 598
636, 482
77, 290
137, 315
2, 812, 906
21, 858,900 43,162, 549
30
40
40
20
20
Remarks.
Finally closed; 42.3per cent, of interestpaid.
Finally closed; inter-est paid in full.
50 per cent, of interestpaid since last re-port.
Finally closed; inter-est paid in full.
Finally closed.
Finally closed; inter-est paid in full.
Finally closed; inter-est paid in full.
Finally closed; inter-est paid in full.
5 per cent, since lastreport.
5 per cent, since lastreport.
10 per cent, since lastreport.
30 per cent, since lastreport.
5 per cent, since lastreport.
Since last report.
20 per cent, since lastreport.
15 per cent, since lastreport.
40 per cent, since lastreport.
Since last report.
100 per cent, and inter-est in full since lastreport.
Since last report.
* Formerly in voluntary liquidation.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
144 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Classification of the loans and discounts of the national banks in New York City, in Boston,Philadelphia^ and Baltimore, in the other reserve cities, and in the States and Territories,on October 1,1835.'
Cities, States, andTerritories.
New York City
BostonPhiladelphiaBaltimore
Totals
AlbanyPittsburghWashingtonNew Orlean3LouisvilleCincinnatiClevelandChicagoDetroitMilwaukeeSt. LouisBan Francisco
Totals
MaineNew HampshireVermontMassachusettsRhode IslandConnecticutNew YorkNew JerseyPennsylvaniaDelawareMarylandDistrict of ColumbiaVirginiaWest VirginiaNorth Carolina ..South CarolinaGeorgiaFloridaAlabamaMississippiLouisianaTexasArkansasKentuckyTennessee -,OhioIndianaIllinoisMichiganWisconsinIowaMinnesotaMissouriKansasNebraskaColoradoNevadaCaliforniaOregonDakotaIdahoMontanaNew MexicoUtahWashingtonWyoming
Totals
United States...
No. ofbanks.
44
105
714847
1956184
26772
22815271
24211514165
10
5932
18390
1539747
12549367475251
169
414
15
2,467
2,714
On single-name paper.
$25, 331, 820
19,654,8178, 957, 7406,193, 697
34, 806 254
397, C891, 344, 386
5, 576151, 6314, 365
3, 268, 373855, 921
10, 226, 583404, 473508,128123, 550
1,189, 558
18, 480, 233
954, 206647,112597, 321
14,451,0735, 428, 8975, 823, 2196, 360, 9352,131, 6004, 334, 621
92, 695418, 923
379, 23683, 977
310, 236136, 476469, 91748, 565
409, 712203, 629
2, 330, 286103, 894821, 746
2,163, 4803, 372, 8752,436, 6435, 579,1823, 466, 2491,243,1393, 603, 5499, 835, 2431,044.5111,412,5692, 521, 3322, 432, 813
114, 0411, 602, 736958, 448535, 07273,161
1, 896,106421, 753567, 588359, 696695, 318
On XT. S.bonds.
On otherstocks.
286,124 $80, 687, 265
17, 559,16012, 300, 2583, 297, 901
111,82966, 46611,900
190,195
1,080
33,157, 319
31,205
900130, 550
33, 400
388, 019
585,154
71,675
152, 14427, 544
1003,47591, 78056,44744, 750
100
2,137
20,000
7,0006,1501,6454,0509,2492,500
5,1752,800
1,6045,000
92, 873, 780
171,492, 087
2,000
*i6,"906
4,158
504,134
4, 565, 607
2, 073, 6151, 897, 658
442, 3282,180,731
331, 3812, 562, 5671, 255,193
10, 967, 8751,081,401
999, 5011,197, 060
431, 782
25, 421, 092
837, 7061, 021, 824315,117
5,124, 328665, 702
2, 523, 9736, 447, 8823, 915, 9631, 480, 741
6,500184,110123, 845440, 7879,450
64, 784303, 591640,16035,139
386, 57479,1724,888
404,10046,196
257, 2302, 026, 748
976, 075785, 320
1,041,472320,216172, 332455,123
1,235,955277, 599102, 230354, 574247, 50220,498303,428
397124, 87 L6,684
85, 95240,17459, 27177,8112,937
34, 036, 931
All otherloans.
$127, 518, 389
87, 950, 44646, 021, 06116, 298, 996
150, 270, 503
4, 653, 73321, 572, 6491,713,3737, 333, 3987, 387, 970
12, 695, 2129, 405,175
24, 761, 5677,017,7432, 438, 0957, 473, 788496, 256
106, 948, 959
14, 780, 7446, 663, 0069, 478, 50166, 487, 42124, 880,14732,150, 61270, 753, 65823, 239, 05859, 399, 3743, 806, 0725, 092, 479
8, 600, 8093,492, 9314, 249, 4684, 083, 9154,172,141
545, 7502,440, 538750, 231126, 055
10,321,9701,634,401.13, 685,1387, 277,107
36, 308,11719, 979, 38124, 013, 33017, 535, 4438,155, 25516,956,51317, 002, 7615, 895, 5559, 094, 55012, 336, 8494, 812, 634
110, 2004, 067, 2741, 234, 7513, 252,491258,117
3,400, 468935, 350712, 017
1, 548, 8001,139, 080
567, 057,152
173,302, 607 951, 795, 003
Total
$236, 823, 598
125, 276, 25267, 345, 52525, 802, 494
218, 424, 271
7,126,11724, 814, 6932,192,4829, (565, 7607, 724, 61618,656,70211,516,28945, 989, 4258,503,6173, 945, 7249,182, 4172,117,596
151,435,438
8, 333, 61710, 543, 08386, 090, 36630, 974, 84640, 501, 27»83, 654, 25529, 343, 06865, 259,4863, 905, 3675, 695, 512322, 672
9,420, 8323, 586, 3584, 624, 4884, 543, 9825, 282,218629, 454
3, 2H6, 8241, 033, 032130,943
13, 087, 2511, 791,49114, 770, 26411,468,98040,661,11723, 210, 59330, 636, 48421, 321, 9089, 570, 72621, 020, 36028, 076, 7597, 217, 66510, 610, 95315,217, 7557, 492,949
244, 7395, 975,4382,193, 5963, 929, 340
337, 9625, 382, 5261, 397,2771,338,8761, 990,4651, 837,335
694,471,997
1, 301,155, 304
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 145
Liabilities of the national banks, and the reserve required and held at three dates in eachyear from 1882 to 1885.
STATES AND TERRITORIES EXCLUSIVE OF RESERVE CITIES.
Date.i No. of \i banks.
Net de-posits.
Reserve held. Classification of reserve.
Reserve j
] Amount.
May 19,1882 IJu ly 1,1882Oct. 3,1882
May 1,1883June22,1883 IOct. 2,1883 '
Apr. 24,1884 !J a n e 20,1884Sept. 30,1884 |
May 6, 1885 IJu ly 1,1885 jOct. 1,1885 i
! Millions.1,981 j 519.21, 996 j 527. 62, 026 i 545. 8
2,128 i 556. 32,16!) ! 560.72,253 I 577.9
2,340 !2,376 i2,417 |
2, 4322, 4422,467
Millions. Millions.77.9 ! 154.779.1 ! 151.981.9 I 150.4
576. 0544.7 i535.8 i
540.3 J552.2570.8 |
83.4 !• 84.1 i
86.7
86.4 |81.7 i80.4 I
81.182.885.6 I
118.9157.7157.5
162.5146. 0156.3
171.0170. 3177.5
Percent.29.828.827.5
26.728.127.2
9S 9
Specie.
Millions.30.030.130.0
31.431.131.2
Otherlawfulmoney.
Due Redemp-frotn I tioD
agents, j fund.
Millions. Millions.28.7 '< 84.727.5 i 83.230. 0 1 80.1
26.829.2
31.630.831.1
36.435.2
40.740.141.5
31.029.630.8
31.532.030.9
30.228.129.9
75.285.884.1
I83.7 j66.8 I79.7 !
90.092.195.9
Millions.11.311.111.3
11.311.211.3
10.910.710.5
10.110.010.2
N E W YORK CITY.
May 19, 1882Ju ly 1,1882Oct. 3, 1882
May 1,1883June 22, 1>83Oct. 2, 1883
Apr. 24,1884J u n e 20,1884Sept. 30, 1884
May 6,1885July 1,1885Oct. 1, 1885
505050
484848
474544
444544
282. 2231. 8254. 9
297.7312.7312.9
50.550.544.5
47.356.850.3
19.020.818.9
16.522.819.7
43.56 3 . 1 J
96.5 !96.5 |91.5 !
24. 927.0
26.437.523.7
1.01.01.0
0.80.80.9
0.80.70.7
0.60.60.5
OTHER RESERVE CITIES.
May 19,1882July 1,1882Oct. 3, 1882
May 1, 1883June 22, 1883Oct. 2,1883
Apr. 24,1884June 20,18X4Sept. 30,1884
May 6,1885Ju ly 1, 1885Oct. 1,1885
192193193
199200200
202204203
202202203
323.5327.0318.8
314.6332.0323. 9
338.0302.8308.0
346,5356.5364,5
80.981.879.7
78.783.081.0
84.575.777.0
86.689.191.1
102. 495.989.1
91.8103.9100.6
104.191.199.0
124.0123.4122. 2
31.629.328.0
29.231.331.0
30.830.132.2
35.834.633.5
30.730.228.3
24.927.526.3
28.829.730.3
40.241.041.9
28.627.024.1
29.232.130.1
33.329.933.3
39.938.835.0
39.535. 233.2
34.140.840.8
38.828.432.3
40.940.742.4
3.63.53.5
3.63.63.4
3.23.13.1
3.02.92.9
MayJulyOct.
19,18821, 18823,1882
May 1,1883June 22, 1883Oct. 2,1883
Apr. 24,1884June 20, 1884Sept. 30,1884
MayJulyOct.
6, 18851, 18851,1885
2,2232,2392, 269
2,3752,4172,501
2, 5892, 6252,664
2,6782,6892,714
1,110. 01,132. 01,118. 6
1,124. 61,172.01, Ib8. 7
1,196. 21, 079. 31, 098. 7
1,184. 51, 221. 41, 248. 2
225.230.225.
225.236.234.
241.215.221.
242.250.254.
621
594
431
119
SUMMARY
327.6319.9303.9
305.3342.1328.9
341.8306. 2346.1
418.5426.5415.4
29.528.327.2
27.129.228.1
28.628.431.6
35.334.933.3
111.2110.8102.8
103. 6115.4107.8
114.7109.6128.6
177.4177.6174.9
76.375.172.0
76.784.580-6
89.786.891. 2.
96.5102.088.6
124.2118.4113.3
109.3126. 6124. 9
122.595.2
112.0
130.9132. 8138.3
15.915.615.8
15.715.615.6
14.914.514.3
13.713.513.6
5745 CUR 10Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
146 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Dividends and earnings of the naiional banks, arranged by geographical divisions, for semi-annual periods from September 1, 1&76, to September 1, 1H85.
Geographical divisions.
Sept., 1876. to March. 1877:New England States. . .Middle StatesSouthern StatesWestern States
Totals . .
March, 1877, to Sept., 1877:]\'pw England States. . .Middle StatesSouthern States"Western States
Totals
Sept., 1877. to March, 1878:New England States. . .Middle, StatesSouthei n StatesWestern States
Totals
March 1878, to Sept., 1878:New England States . . .Middle StatesSouthern StatesWestern States
Totals
Sept., 1878, to March, 1879:New England States . . .Middle, StatesSouthern StatesWestern States
Totals
March, 1879, to Sept., 1879:New England States. . .Middle. StatesSon them StatesWestern States
Totals
Sept., 1879. to March, 1880:New England States. . .Middlr StatesSouthern SlatesWestern States
Totals
March, 1880, to Sept., 1880 :New Enuland States. . .Middle StatesSouthern StatesWestern States
Totals
Sept.. 1880, to March, 1881:New England States. . .Middle States .*.Southern StatusWestern States
Totals
No.of
banks
542631175732
2, 080
541631175725
2, 072
544631176722
2,074
543629176699
2,047
544630175694
2,043
542640175688
2,045
546640175685
2,046
548654176694
2,072
550657178702
2,087
Capital.
$168,178, 520190,272,82032, 120,440
106,079,800
496, 651, 580
167,237,820185,468,95132, 599, 989
101,018,100
486, 324, 860
166,546,320178,149,93132,16H, 80098, 746, 700
475, 609, 751
166, 587, 820176, 694, 576
31. 491, f0095, 457, 700
470,231,896
165, 645, 820173, 979, 67630, 882, 80093, 905, 700
464,413,996
164,4*0,120169, 645, 936
30, 281, 80090, 754, 200
455, 132, 0o6
164,820,020169. 399, 17030, 432, 70089 428, 200
1 454,080,090
165. 380, 2421<9, 343, «7030, 4 3, 70089, 067, 250
! 454,215,062
1 165,623,120170,739,04530, 448, 70090, 034, 000
456, 844, 865
Surplus.
$43,109, 86553, 430, 3685, 6T8, 226
28, 653, 706
130, 872,165
41, 370, 40851,871,038
5, 571. 8«225, 536, 446
124,349,254
40, 560, 40551.551,6015,482,012
24, 779. 543
122, 373, 561
38, 956, 87450,182, 622
5, 684, 03523, 863, 603
118,687,134
38,037,11550. 084, 782
5, 240, 05423,382, 183
116,744,134
37,441.98449, 779. 7835,198,481
22,729,103
115,149,351
37.869,31251, 306. 5835.210. 198
22, 840, 408
117, 226, S01
38, 4."0. 29752, 762, 6745,516.335
23,416,343
120, 145.649
38,944,84153, 530, 2485,898, 107
24, 102,592
122,481,788
Dividends.
$6,501,1798, 328, 7611, 387, 4785, 586, 5M
21, 803, 9f>9
6,147, 5737. 686. 2671, 299, 4766, 983, 800
22,117,116
5,403,2137,261,6081,217,8804, 599, 6r9
18, 982, 390
5, 459, 7866,674.6181,115,8654, 708. 954
17, 959, 223
5, 295, 3476. 876, 3981. 077, 3334,291,976
17, 541, 054
5, 257, 5266, 690, 3941, 059. 5944, 397, 353
17,401,867
5, 409, 3517, 151,1661,246.4704,314,286
18,121,273
5, 858, 4347, 120, 2041, 139, 2034, 172, 359
18, 290, 200
5, 900, 8616, 974, 9341,261,3984, 737, 324
18,877,517
Net earn-ings.
$6,128,2066, 787, 9781.470,4755, 20ti, 303
19, 592, 962
3, 744, 7996,1*5,1571, 207, 3434, 136,729
15, 274. 028
4, 985, 9266, 283, 4451, 174, 2204,503, 105
16,946,696
3, 846,1834, 999, 505
951, 9953,861,210
13, 658, 893
3, 658, 9895, 826, 662
961,7344,231,275
14, 678, 660
4. 761, 4227,128, 979
979, 4964, 003, 303
16,873,200
5,610.2879. 220, 8261,278,6955, 042, 976
21,152, 784
7, 413, 6229, 805. 4481,434, J025,3^,0/8
24, 033, 250
6, 757, 7879,162,7711. 905, 6006, 625, 773
24. 4.r»2, 0 2 1
Ratios.
sam>«5
Pr.ct.3.94.44.35.3
4.4
3.74.14.06.9
4.5
3.54.13.84.7
4.0
3.33.83.54.9
3.8
3. 24.03.54.6
3.8
3.23.93.54.8
3.8
3.34.24.14.8
4.0
3.54.23.74.7
4.0
3.64. I4.25.3
4.1
» S? a-> c?2
Fr. ct.3.13.43.74.1
3 5
2 93.23.45.5
3. 6
2.93.23.23.7
3.2
2.72.93.04.0
3.0
2.63.13.03.6
3.0
2.63.03.03.9
3.1
2.73.23.53.8
3.2
2.93.23.23.7
3.2
2.93.13.54.2
3.3
Ul
Pr. ct.2.92.83.93.9
3.1
1.82.63.23.3
2 .5
2.42.73.13.7
2.8
1.92.22 63.2
2 . 3
1.82.62.73.6
2 .5
2.43.22.73.5
3.0
2.84.23.64.5
| 3.7
3.64.14.04.8
4 .2
3.34.15.25.8
4.2
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 147
Dividends and earnings of the national hanks, fyo.—Continued.
Geographical divisions.
March, 1881, to Sept , 1881:New England States ..Middle StatesSouthern StatesWestern States
Totals
Sept., 1881. to March, 1882:New England States ..Middle StatesSouthern StatesWestern States
Totals
March, 1882, to Sept., 1882:New England States...Middle StatesSouthern StatesWestern States
Totals
Sept.. 1P82. to March, 1883:New England States ..Middle StatesSouthern StatesWestern States
Totals
March, 1883, to Sept., 1883:New England States...Middle SlatesSouthern StatesWestern States
Totals
Sept., 1883, to March, 1884:New England States...Middle S atesSouthern StatesWestern States
Totals..
March, 1P84, to Sept., 1884:New EnLriaud States ..Middle StatesSouthern StatesWestern States
Totals
Sept.. 1884. to March, 1885:New England States...Middle States ..Southern StatesWestern States
Totals
March, 1885, to Sept., 1885:New England States . .Middle Stat> sSouthern StatesWeste rn States
Totals
General averages
No.of
550660181709
2,100
553666188730
2, 137
555678194770
2,197
557687207816
2, 267
562698224875
2, 350
565715248963
2,491
568723264
1, 027
2, 582
567732278
I, 07 *
2, 650
562731287
1, 085
2, 665
2, 222
Capital.
$165,373,120171,560.31530 973, 95091,027, 100
458, 934, 485
162. 650. 870171,488,31531,672,70094, 542, 600
460, 354, 485
165,515,870173,270,31532,212,700
102, 948, 830
473,947,715
165, 653, 070174, 375, 472
33. 963, 000109, 099, 800
483,091,342
166,793,070173, 915, 46535. 68fc, 300
118,246,305
494, 640, 140
167, 478, 070175,317,31538,214.310
126, 959, 605
507, 969, 300
167, 600. 370175 767, 35540, 638, 300
134,599,700
518, 605 725
167. 400, 370173, 212. 11542, 648, 400
139, 6J8, 800
522, «99. 715
165,668,370172,907,35243, 500. (00
H2, 523,580
524, 599, 602
481,0.70,371
Surplus.
$39, 878. 44855,747,5016, 530. 694
25,081,751
127,238,394
40. 703, 77657, 470, 278
6, 928. *8226. 188, 953
131.29I.8H9
41,033,29658, 491, 696
7, 503, 07826, 542, 862
133", 570, 931
41,341,24662, 118, 6948, 228, 309
25,881,856
137. 570,105
41,727,67963, 453, 4549. 084, 011
26, 967, 043
141.232, 187
41.863,16164,841, 1789. 854, 923
21), 041, 587
145, 600, 849
41,905, 90564, 580,40610, 7.'6, 20930,108, 955
147,721,475
41,413.82664,741,00911,527,94231,088,344
148,771, 121
40, 786. 00764, 247, 88811,505,47730. 364, 123
146,903,495
130,440, 555
Dividends.
$6, 005. 6087. 558, 4071 282, 1204, 653, 833
19,499,968
5, 9 "2. 2757, 367, 4091,333,7155,261,976
19,915,375
5, 729, 8427, 194,5281, 289, 3626, 662, 821
20, 896, 553
5,819,0937,542, 1461,40.5,0195,518,844
20, 285,102
5,861,1827, 556, 7951,415,5295, 560, 070
20, 393, 576
5, 726, 3567, «39. 6701,700, 1136,016,667
21,082,806
5, 551, 6037, 089, 6731,691,5205,*38,871
20 171,667
5,661,5377, 156,6801, 790. 7265, 82*. 707
20, 437, 650
5,391.4016, 953. 3321,655.2616,218,477
20,218,471
19, 666, 432
Net earn-ings.
$8,166, 02211,925,7842, 300, 6246, 778, 112
29,170, 542
7,123,33910, 210, 3731,981.2267, 708, 661
27, 083, 599
6, 732, 5309,704,2512, 0ti2. 9607, 737, 893
26, 237, 635
6, 200. 4439, 900, 0212,198 9938,133,477
26, 432, 934
6,651,5959, 960, 6352, 433. 3368, 528, 648
17, 574, 214
6.095.9159, 529. 9782, 950. 0969,418,775
27, 994. 764
5, 738, 4568, 19-*, 9122,747,0187, 683, 633
24,368,019
4,388,8127, 474. 7522, 426. 8587,310,780
21,601,202
4,725,3957, 297, 1592. 282. 7827,718,959
22, 024, 295
22,174, 983
nds
tota
l.D
ivid
eca
pi
Pr. ct.3.64.44. 15.1
4.3
3.74.34.25 6
4.3
3.54.14.06.5
4.4
3.54.34.15.1
4.2
3.54.34.04.7
4.1
3.44.44.44.7
4 .1
3.34.04.24.3
3.9
3.44. 14.24.2
3.9
3.34 03.84.5
3.9
4.1
Ratios
nds
toal
and
us.
Div
ide
capi
tsu
rpl
Pr. ct.2.93.33.43.9
3.3
2.93.23 54.3
3.4
2.83.13 25. 1
3.4
2.83.23.34. 1
3.3
2.83.23.23.8
3.2
2.73.23.53.9
3.2
2 62.93.33.5
3.0
2.73.03.33.4
3.0
2,62.93.03.6
3.0
3.2
C "3•^ a« _ , 73
mPr. ct.
4.05.36.15.8
5.0
3.54 .55.16.4
4.6
3.34.25.26.0
4 .3
3.04.25.26.0
4.2
3.24 .25.45.9
4 .3
2.94.06.16.0
4 .3
2.73.45.34.7
3.7
2.13 1.4 .54.3
3 2
2.33.14.24. 5
3.3
3.6
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
148 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports of dividends and earnings of national banks
States and Territories.
Maine2 ! New Hampshire .3 ' Vermont41 Massachusetts ...5 j Boston6 i Rhode Island
Connecticut
New England States .
New YorkNew York City ...Albany
N ew JerseyPennsylvania
PhiladelphiaPittsburgh
DelawareMaryland-
BaltimoreDistrict of Columbia ..
Washington
Middle States .
VirginiaWest Virginia ...North Carolina ...South Carolina ...GeorgiaFloridaAlabamaMississippiLouisiana
New Orleans .TexasArkansasKentucky
LouisvilleTennessee
Southern States .
OhioCincinnati..Cleveland ..
IndianaIllinois
ChicagoMichigan
DetroitWisconsin
Milwaukee.IowaMinnesotaMissouri
St. Louis . . .KansasNebraska
Western States .
ColoradoNevadaCalifornia
San Francisco .OregonArizonaDakotaIdahoMontanaNew MexicoUtahWashingtonWyoming
Pacific States and Territories .
United States
Numberof
banks.
694850
1955463
567
26744
769
2243323152717
15
732
~~24~21*151415
3
10418
594
589
33
278
18312
893
1511295
547
3121
4934
66063
Capital stock.
$10, 210, 000 006,105,000 008,011,000 00
45, 627, 500 0050, 950, 000 0020, 540, 050 0025, 956, 820 00
167, 400, 370 00
410 00000 00000 00350 00840 00000 00600 00985 00700 00260 00000 00000 00
35, 170,46, 250,
1, 800,12, 053,32, 074,18, 058,10,179,1, 823,2,711,
31,713,252,
1,125,
Surplus. Capital andsurplus.
$2, 463,1, 207,1,616,
13, 720,11, 524,4, 045,6,836,
328 61094 92102 20777 82034 939.72 79535 14
41, 413, 826 41
688 68264 18000 00638 91275 22234 58222 57000 00521 32663 00000 00500 00
9,108,22, 669,1, 400,3, 783,
10, 036,9, 326,3, 587,
670,790,
3, 004,60,
304,
$12, 673, 328 617,312,094 929, 627. 102 20
59, 348, 277 8262, 474, 034 9324, 586. 002 7932. 793, 355 14
208, 814, 196 4i
098 68264 18000 00988 91115 22234 58822 57985 00221 32923 00000 00500 00
44, 279,68, 919,3, 200,
15, 836,42,111,27, 384,13, 766,2, 493,3, 502,
14,717,312,
1, 429,
173, 212,145 00 64, 741, 008 46 I 237, 953,153 46
3, 545,2,011,2,401,1, 935,2, 436,
150,1,735,
325,100,
3, 525,6, 034,
405,9, 458,3,551,5, 035,
300 00000 00000 00000 00H00 00000 00000 00000 00000 00000 00100 00000 00900 00500 00300 00
42, 648, 400 00
1, 335, 087 69523,108 74547, 496 84778, 000 00855, 790 95
17, 922 70260,100 0018, 400 007,000 00
1,257, 132 421, 932, 907 31
156, 584 521,936,318 21
806, 955 291, 095,137 23
11,527,941 90
4, 586, 320 361, 150, 500 00
705,000 003, 691, 751 464, 194, 191 592, 890, 000 002, 238, 127 20
260, 000 00889,561 47340, 000 00
2, 293, 472 371, 798, 878 87641,348 16852,874 15601,099 99706, 447 87
126, 646, 800 00 j 27, 839, 573 49
1, 757, 000 0075, 000 00
2, 050, 000 001, 500, 000 00
695. 000 00150, 000 0U
2, 135,000 00250, 000 00
1, 650, 000 00645, 000 00600. 000 00960, 000 00525, 000 00
131 12, 992, 0U0 00
2, 650~| 522, 899, 715~00~
1, 034,25,
499,228,64,2,
464,20.
292,136,266,101,112,
500 00000 00779 96850 49000 00842 19673 3=>000 00500 00575 88250 00798 54000 00
3, 248, 770 41
148, 771,120 67
.4, 880, 387 692, 534,108 742, 948, 496 842, 713, 000 003, 292, 090 95
167, 922 701, 995, 100 00
343, 400 00107, 000 00
4, 782, 132 427,967,007 31
561,584 5211, 395, 218 214, 358, 455 296,130, 437 23
54,176, 341 90
26, 600, 320 369, 750, 500 006, 369, 100 00
16,991,251 4617, 478, 791 5913, 440.000 0012, 167, 727 202, 910, 000 004, 669, 561 47
990,000 0012, 34X, 472 3713, 01B, 878 873, 706, 348 164,102,874 154, 496, 099 995, 451, 447 87
154, 486, 373 49
2 791,100,
2, 549,1, 728,
759,152,
2, 599,270,
1,942,781,866,
1, 061.637.
500 00000 00779 96850 49V00 00842 19673 35
ooo oo500 00575 88'̂ 50 00798 54000 00
16, 240, 770 41
671, 670, 835 67Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 149
in the United States from September 1, 1884, to March 1, 1885.
Dividends.
$418, 200 00227, 800 00288, 355 00
1, 658, 653 081, 435, 445 00
679, 843 75953,239 70
5, 661, 536 53
1, 308, 657 712,067,510 00
112,460 00543,136 00
1, 226, 399 10826, 675 00382, 888 0087, 918 48113,543 00439,163 0810, 080 0038, 250 00
7,156, 680 37
148, 742 0078, 730 00
107, 330 0082, 850 0090,125 004,500 00
78, 000 0017, 500 004, 000 00
144, 000 00331, 343 3318,000 00
343, 316 00115, 5(50 00226,730 00
1, 790, 726 33
832, 237 46265, 000 00129, 000 00486,010 00644, 330 00521, 000 00479,085 13122, 5U0 00179,507 5142, 000 00447, 634 45434, 239 77108, 650 00112, 500 00153, 450 00229, 920 00
5,1^7, 064 32
168, 600 007, 500 0092,000 0060, 000 0040, 500 00
105, 667 5735, 000 0013, 000 0039, 500 0023, 500 0037, 750 0018, 625 00
641, 642 57
20, 437, 650 12
Net earnings.
$372, 864 13267, 293 74196, 690 70
1, 307, 019 98851,953 21529, 816 18863,174 06
4, 388, 812 00
1,262,034 251, 968, 179 04
131, 628 10524,146 54
1, 547, 475 44747, 365 75457, 600 59124, 780 32124 918 67554, 335 6211,109 4321,178 73
7, 474, 752 48
187,170 1078, 260 62108,877 0089, 361 03
126,521 737, 752 3597,555 8418, 403 224, 530 80
137, 037 28640,579 7029, 063 10
470, 763 51108,374 91322, 606 31
2, 426, 857 50
928, 907 20325, 363 36136, 646 86566,281 20867, 414 24209, 578 40527, 243 85170, 233 28222, 015 6712, 907 17
604, 379 22602,542 61204,419 32151, 3h3 06335, 326 41406, 529 48
6, 271,171 33
224, 669 758, 481 04
193,519 0035, 405 8974, 080 282 082 76
102, 858 0829,351 20
150, 215 8120, 304 8560, 809 8589, 984 8947, 844 99
1, 039, 608 39
21, 601, 201 70
Dividend tocapital.
Per cent.4.103.733.603.642.823. 3L3.67
3.38
3.724.476.254.513.824.583.764.824.193.754.003.40
4.13
4.203.914.474.283.703 004.505.384 004.095.494 443.633.255.30
4.20
3.783.082. 263.654.854.944.824.624.756.464.453.873.473.463.944.85
4.09
9.6010 004.494.005.83
4.9514.000.776.123.923.933.55
4.92
3.91
Eatios.
Dividend tocapital andsurplus.
Per cent.3.303.123.002.792.302.772.91
2.71
2.963.003.513.432.913.022.783.533.242.983.232.68
3.01
3.053.113.643.052.742 683.915.103 743.014.163 203.012.654.35
3.31
3. 132.722.032.863.693.883 944.213.844.243.623.342.872.743.414.22
3.36
6.047. 503.613.535.34
4.0612.960.675.052.713. 562.92
3.95
3.04
Earnings tocapital andsurplus.
Per cent.2.943.662.042.201.362.152.63
2.10
2.852.864.113.313.672.733.325.003.573.773.561.48
3.14
3.843.093.693.293.844 624.895.364.232.878.045 184.132.495.26
4.48
3.493.232.153.334.961.564.345. 854.751.304.904.635.523.697.467.46
4.06
8.058.487.592.059.761 363.96
10.877.732.607.028.477.51
6.40
3.20
Charged off.
Premiums.
$25, 732 1315,488 9412,265 17103, 590 3119, 729 0449, 485 0639, 998 17
266, 288 82
79, 273 99145, 722 9415, 500 0051, 940 61113,892 8510,959 7310,448 804, 860 008, 154 771, 661 253,563 171, 078 12
447, 056 23
28, 862 864,041 258,823 754, 690 35664 38
3, 923 58454 19375 00
1, 250 007, 621 14
20, 231 3613, 892 7112, 699 48
107,530 05
67, 196 961, 325 00
32, 858 2931, 587 4638, 500 0010, 846 787, 000 004, 741 7415, 000 0041,388 375,166 92845 43
6, U7 155, 570 11
268, 144 21
4, 888 08
4. 446 65600 00
5,613 50756 00
8, 841 40125 00
3, 056 22170 30
1, 656 25
520 00
30, 673 40
1,119, 692 71
Losses.
$174,410 4645, 407 93145,813 06739, 868 13
1, 103, 481 60380, 666 77352, 006 27
2, 941, 654 22
951, 851 451,649,177 13
10,017 87375,411 85411, 034 04511,805 32147, 03 L 163, 452 15
28, 364 7288, 409 35
36, 223 04
4, 212, 778 08
31, 669 0617, 542 9826, 049 8056,132 687, 852 981 573 92
15, 439 811,561 87
122, 538 4671, 686 211 713 86
19, 215 3262, 416 4148, 067 01
483, 460 37
265, 030 6753, 220 26
168, 114 21251,928 76116, 225 48659, 987 87106,742 0111, 434 5069, 387 6332,164 4929, 515 06168,184 266,192 66
12, 197 6115, 625 7515, 363 39
1, 981, 314 61
97, 133 753, 495 2058,777 0L38, 200 2222, 268 82
830 9255, 557 081,665 50
23, 012 4336, 330 582,292 992,844 99
• 11, 484 33
353, 893 82
9, 973,101 10
1234567
8910111213141516171819
2021222324V,52627?82930HI323334
35363738394041424344454647484950
515ft5354555fi5758596061fift63
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1 5 0 KEPOET OF THE COMPNROLLER OF THE CUERENCY.
Abstract of reports of dividends and earnings of national banks
States and Territories.
Maine!New Hampshire .VermontMassachusetts ...
BostonsRhode IslandConnecticut
New England States .
New YorkNew York City ..Albany
New JerseyPennsvl vaiiia
PhiladelphiaPittsburgh . . .
DelawareMaryland
BaltimoreDistrict of Columbia.
Washington
Middle States .
VirginiaWest Virginia..Morih Carolina.South Carolina .GeorgiaFlorida.AlabamaMississippiLouisana ...
New Orleans .TexasArkansasKentucky
LouisvilleTennessee
Southern States.Ohio
Cincinnati..Cleveland ..
IndianaIllinois
ChicagoMichigan
Detroit.. -.Wisconsin
Milwaukee.IowaMinnesotaMi.-souri
St. Louis...KansasNebraska
Western States .
ColoradoNevadaCalifornia
San Francisco.OregonDakotaIdahoMontanaNew MexicoUtahWashingtonWyoming
Pacific States and Territories...
Total United States
Numberof
banks.
714848195546284
562
26644670224332315271715
731
232115141541051865658933
287
1831288915012975463
1245035662Of)
948
24115193741485145
137
2,665
Capital stock.
$10,360,0006,7,
45,
: 05, ooo551,000140, 500
50, 950, 00020,25,
44D, 050121,820
165, 668, 37Q
34,46,1,12,32,
785, 557250, 000750, 0001015, 3501P0. 340
18. 05S. 00010,1,
179,600823, 985
2, 716, 26011,
1,
172,
713, 260252, 000125, U00
907, 352
3, 246, 30022,h2,
1,
3,
011,000401, 000935, 00043<>, 000200, 000835, 000425, 000ioo, ooo525, 000
6, 670, dt 0
9,3,5,
43
21,8
705, 000458. 900551,500000, 000
500, 300
964,000600, 000
6, *JOO, 000111311
789. 500519, COO7-0.000
10, 260, 70023
6*0, 000735, 000650. 000
10,200,00011 : 40, 0003, 265, 000345
128
1
21
2'0,000229, 72S450, 000
85'*, 5K0
965, 00075, 000150,000500, 000745, 000
2,230, OdO
1
13
~524
250, 000750, 000650, 000
00000000000000
00
0000000000000000
oo000000
00
000000(.00000000000000000000000
00
00000000000000000000000000000000
00
000000000000000000
600, 000 00955, 000800, 000
670, 000
599, 602
0000
00
"oo"
Surplus.
$2, 482, 7511,218,0551,471,221
13, 499, 37611,345,5374, 034, 2426, 734, 819
40, 786, 006
8,831,33222,401,0071, 175,0003, 788, 45310, 122, 9799, 401, 8'33, 538,106
678, 905838, 847
3,104, 45360, 000
307, 000
64, 247, 888
1,19:*, 097509, 534552, 378802, 000873, 22319, 922
289, 65039,1009, 000
1,296,7152,050,517
166, 1701, 877, 224
809, 4411, 017, 499
11, 505, 476
4, 573, 5291, 208, 000
629, 0003, 035, 4014,221,3702, 681, 6001, J-93, 6f>6
275,000903, 187340,000
2,3-0,3481, 849, 21'6
577, 925856, 128729. 702911,897
27, 005, 974
998, 10025, 000
517, 936234, 5.077, 4H6
503, 07320, 000
298, 000152, 094274, 000117. 957140, 000
3, 358, 148
146, 903,494
95997870695296
59
666800• 60608840030000000
48
856271008870000000703332342682
53
29000057320018009400826808293295
44
000033480435000075006700
62
66
Capital andsurplus.
$12,842,7517, 323, 0559; 022, -.'21
58, 639, 87662, 295, 53724, 474, 29231, 856, 639
206, 454, 376
43,616,88968,651,0072, 925, 00015,891,80342,273,31927, 459, J-0313,717,7062, 502, 8903,555, 10714,817,713
312, 0001, 432, 000
237, 155, 240
4, 439, 3972, 5LJ0, 5342, 9",3, 3782, 737, 0003, 309, 223
219,9222,124, 650
464,100109,01)0
4,821,7158,721. 117
871.17011,336,1244, 360, 9416,017,499
55, 005, 776
26, 537, 5299, hOH, 0006, 829, 0(,0
14, 824, 90117, 740, 97014,431,00012, 154,3562, 925. 0004, 638, 187
990. 00012, 5^0. 34813, Ib9, 2263, 842, 9254, 106, 1284, 959, 4826,361,897
155, 859, 554
2,963, 100100.000
2, 667, 9361, 734, 520
822, 4662, 733. 073
270, 0002, 04H, 000
802, 094874, 000
1, 072, 957940, 000
17, 028,148
671, 503, 096
95997870695296
59
666800*60608840030000000
48
8562171008870000000703332342682
53
W000057320018009400826808293295
44
000033480435000075006700
62
66
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CMRRENCY. 1 5 1
in the United States from March 1, 1885, to September 1, 1885.
Dividends.
$446, 750 00225, 8uO 00241,155 50
1, 548, 850 001,380,250 00
654,782 50893,812 70
5, 391, 400 70
1,284,200 101, 996, 050 00
57,000 00533, 544 00
1,195,624 1083 M, 235 00369,740 0089,317 97
111,579 80434,711 2210 080 0038, 250 00
6, 953, 332 19
130, 262 0073, 7u0 0088 750 0083, 250 0088,1^5 004 500 00
81.000 0013, 000 004 000 00
136,250 00217, 298 0026 500 00
361,316 00125, 560 00221, 750 00
1,655,261 00
814,791 45285, dOO 00172, 000 00538, 110 (»0658, 615 00500, 3S5 0046.5, 555 00125, 00U 00153,475 00Hif 000 00
512,450 00464. 050 00283,847 1891 5U0 00
241, 273 27287, 175 00
- 5, 625, 226 90
137, 800 006 000 00
92, 000 0060, 000 0041.500 0089, 750 00
29, 500 0036, 000 0033, 500 0037, 200 0030, 000 00
593, 250 00
20,218,470 79
Net earnings.
$422,132 61223,912 73203, 565 10
1, 453, 543 691,032,370 15
619, 980 45769, 890 20
4, 725, 394 93
1,414,264 402, 062, 586 92
29,446 52509. 522 40
1,302,531 31921,791 80355, 510 66109, 193 HG125, 322 24394,963 6011, 129 5160, 895 39
7,297, 158 61
209, 077 9161. 699 7886 902 06106, 071 85142,621 5616, 030 88
128, 374 1842. 628 665 8.3u 68
203, 635 77375,52* 1637, 4*2 77
441,435 91133. 6H9 09291, 760 37
2,282,781 63
- 761,534 89336,4:^8 67275, 734 85542, 877 95781.841 65750, 164 1249:?, 174 9.5144, 125 35216, 86K 2753 8*>8 55
587.571 03527, 399 68246, 620 20149 413 64403, 1.6 01456, 236 58
6, 726, 956 39
152. 0S2 298 584 25
174, 55H 8456. 699 8796, 462 77
115, 972 2216 140 08
106, 406 0245, 610 4530, 294 43
108, 369 8280, 821 90
992, 002 94
22, 024, 294 50
Dividend tocapital.
Per cent.4.313.703.193.432.713.203.56
3.25
3.694.323.264.413.724.613. 634.884.103.714. 003.40
4.02
4.013.663 704.303.622. 254.413.064 003.873.263. 763. 823.544.44
3.81
3.713.312.774.564.874, 264 544.724. 114.925. 024. 098.692. 825.595.27
4.37
7.018.004.284. 005.574.02
1.695. 545.583.893.75
4.34
3.85
Ratios.
Dividend tocapital andsurplus.
Per cent.3.483.082.672.642. 222.672.80
2.61
2.972.911.953.362. 833.032.703.563. 142.933.232.67
2.93
2.942.923 t)L3.042.662. 043.812.803. 672.832.493. 043. 192.883.69
3.01
3. 072.912. 523.633.713.473. 834.273.313 234. 093. 527. 392 234.774. 51
3.61
4. 656 003.453.465.053.28
1.444.493.833.473. 19
3.48
3.01
Earnings tocapital andsurplus.
Per cent.3.293.042.262.481.662.542.41
2.29
3. 243.001.013.213.083. 362.594.363.532.673. 574.25
3.08
4.712.452 943.874.317.296.049.195 374. 224.314.303 893.074.85
4. 15
2.873.434.043.684.415. 194.064. 934.675 444.694.006.423 648. 137. 19
4.32
5. 138. 586.543.2611.734.245 985. 205. 693.4710. 108.60
5.83
3.28
Charged off.
Premiums.
$10, 535 929,921 94
20, 240 25101,570 2225,827 906, 447 00
30, 922 39
205, 465 62
52, 047 8140, .65 7055, 499 4231,475 1456,434 748, 585 462, 847 562, 350 00
10, 058 3414, 000 002, 900 00
44 77
276, 708 94
6, 658 251, 585 00
5, 106 74881 25
2,160 901, 625 00
100 001,552 50
11, 788 00
15, 960 962, 430 00
13, 66L 73
63, 510 33
68, 020 306, 000 007, 343 75
18, 564 5017, 559 6911,000 0014, 437 383, 000 005, 120 10
13, 982 443, 454 32
10, 343 72
5, 307 988, 433 37
192, 567 55
11, 151 05
798 40600 00710 50
7, 650 46195 00160 94
3, 773 08217 40363 98
25, 550 81
763, 803 25
Losses.
$121, 540 7272, 259 52114,146 54933,206 27758, 764 66255, 649 54439, 702 29
2, 695, 269 54
667, 262 041,371,600 94
48, 880 27372,933 16523,817 21167, 561 27165, 745 3915, 694 8227, 727 13
140, 223 44
18, 004 87
3, 519, 510 54
39, 977 5250, 579 68
109 632 4292, 462 6834, 503 192 211 00
26, 036 98127 03
137,275 50194, 523 49
1 392 9960, 512 3556, 482 2542, 502 34
848, 219 42
381,724 6151,587 7325, 175 53
130, 346 38147, 334 7612.5, 225 50137, 004 6349,518 6845,082 312 903 16
71,294 81114,273 50] 9, 5.57 3492 580 3933,164 2223, 923 97
1, 450, 697 52
65, 104 4479 88
5, 112 4712. 569 4312,419 0564, 385 02
32, 623 4510 199 3722, 119 381, 733 78
818 50
227, 165 37
8, 740, 862 39
1234567
891011121314151617IS19
2021
232425262728293031323334
35363738394041424344454647
4950
51^9
53545556575859606162
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1 5 2 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Table, by States and reserve cities, of the ratios to capital, and to capital and surplus, of
States, Territories, and reservecities.
MaineNew HampshireVermontMassachusetts
BostonRhode IslandConnecticutNew York
New York City . . .Albany
New JerseyPennsylvania
PhiladelphiaPittsburgh
DelawareMaryland
BaltimoreDistrict of Columbia .
WashingtonVirginiaWest VirginiaNorth CarolinaSouth CarolinaGeorgiaFloridaAlabamaMississippiLouisiana
New OrleansTexasArkansasKentucky
LouisvilleTennesseeOhio...
CincinnatiCleveland
IndianaIllinois
ChicagoMichigan
DetroitWisconsin
MilwaukeeIowaMinnesotaMissouri
St. LouisKansasNebraskaColoradoNevadaCalifornia
San FranciscoOregonArizonaDakotaIdahoMontanaNew MexicoUtahWashingtonWyoming
Averages 4.1
Ratio of dividends to capital for six months ending—
Pr. ct.4.43.94. 13.92.93.33.83.74.56.24.23.84.43.44.4
3.65.64.34.54.14.76.49.55.24.96.54.05.34.67.83.73.47.6
10.75.04.64.0
12.0
4.43.75.33.92.83.44.14.15.04.24.24.14.43.74.45.64.04.02.44.14.63.73.63.92.53.7
4.15.83.73.84.25.14.43.84.15.15.74.94.95.15.44.05.28.04.33.73.67.49.6
4.43.94.14.12.93.44.04.14.86.04.43.94.43.74.44.43.74.02.64.34.53.63.53.52.54.1
4.16.96.33.73.75.64.54.64.14.77.09.65.95.15.54.05.65.14.63.58.37.6
15.6
Pr. ct.4.33.63.43. 62.83.44.14.04.54.64.24.14.03.74.44.43.94.02.44.34.33.84.03.32.54.0
5.0 |12. 04.2 4.74.0 4.0
|32. 0 12.0
4.13.63.83.83.94.95.8
10.55.25.96.9
14.75.63.14.63.17.04.93.52.64.2
13.88.4
10.04.74.0
3.618.0
5.0 6.028.0 22.0
. . . . ! 7.54. 9 | 7. 7
20.0
6.0 6.03.0
11.1
4.2 4.3
Pr. ct4.33.83.83.72.93.44.04.04.76.14.73.94.93.84.54.73.64.02.44.24.33.94.03.77.64.08.05.04.15.35.93.63.45.44.33.54.15.1<). 05.05.64.24.34.35.35.39.72.76.14.9
12.010.05.24.0
18.3 14.2. . . . 5.04.0 3.3
Pr. ct.4.23.94.23.72.93.54.04.44.64.24.63.94.73.74.84.4b Oo. o4.03.34.14.13.44.13.42.53.5
4.03.71.2
12.24.69.56.9
5.04.23.94.03.83.95.04.13.84.14.65.73.95.33.74.54.94.95.14.13.95.94.97.2
10.05.64.0
19.37.01.9
15 010.97.33.64.23.4
4.1
4.13.73.93.62.73.43.94.24.76.24.74.0
S.84.64.43.74.03.45.74.13.94.33.52.53.87.44.06.65.0
.5.83. 63.55.04.03.33.84.15.73.75.94.27.04.94.95.24.23.67.45.97.0
12.07.94.0
10.87.03.0
22.5
8.9'5.21.6
22.5
4.2
Pr.'ct.4.13.73.83.32.83.33.83.94.34.24.43.54.63.74.84.53.84.03.44.03.73.34.03.22.53.62.84.03.65.74.44.13.84.74.03.24.13.95.04.74.44,25.36.54.43.14.13.08.84.9
10.010.03.54.06.03.34.6
4.17.84.73.13.0
3.74.94.94.84.64.86.54.53.93.53.53.94.99.6
10.04.54.05.8
4.914.00.86.13.93.93.6
3.9
Pr. ct.4.33.73.23.42.73.23.63.74.33.34.43.74.63.74.94.13.74.03.44.03.73.74.33.62.34.43.14.03.93.33.83.83.54.43.73.3
2. 3 1 2. 8
1.75.55.63.93.7
3 0. o
Katio of
Pr. ct.3.63 33.33.12.42.83.03.03.33.53.33.03.02.63.43.63.13.22.13.33.83.34.23.14.73.0
Pr. ct3.53.14.43.02.32.83.33.33.62.43.23.33.02.83.44.33.33.22.03.23.63.22.93.22.43.2
3.53.15.33.23.14.73.53.93.43.64.86.04.13.65.03.24.23.93.32.92.85.98.24.84.13.6
10.0
"3.115.0
4.4
15.6
3.24.73.03.23. 64.33.73 33.43.94.23.03.93.74.22.94.16.73.52.92.95.67.04.53.73.6
26.7
5.223.3
3.34.0
3. 3 3. 3
NOTE.—Figures printed in bold-faced type in column
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 153
the dividends and earnings of national banks, from March 1, 1881, to September 1, 1885.
dividends to capital and surplus for sixmonths ending—
Ratio of earnings to capital and surplus for sixmonths ending—
5.13.83.4.43.44.04.14.57.13.94.54.44.34.65.94.54.43.62.05.54.64.87.25.5
10.45.1
3.3I 3.2
3.53.02.04.14.04.54.13.9
9.27.38.7
12.66.13.5
16.61.83.2
10.49.27.26.58.47.9
12.5 20.4.5 ! . . . .
5.8 i 7.02.6
7.019.917.2 12.55.0 16.1
3.4 3.3
for 1884 signify percentage of loss.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
154 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Clearings and balances of the banks of New York City for the weeks ending at the dates given.
Week ending—
Sept. 4,Sept. 11,Sept. 18,Sept. 25.
2,9,16,23.30,
Oct.Oct.Oct.Oct.Oct.Nov.Nov. 13,Nov. 20,Nov. 27,
Sept. 3,Sept. 10,Sept. 17,Sept. 24,Oct. 1,Oct. 8,Oct. 15,Oct. 22.Oct. 29,Nov. 5,Nov. 12,Nov. 19,Nov. 26,
1880..1880..1880..18H0..1880..1880..1880..1880 .1880..1880 .1880..1880..1880..
1881..18 1 .1881..1881..1881..1881..1881..1881..1881 .1881..18cJl..1881..1881..
Sept.Sept.Sept,Sept.Sept.Oct.Oct.Oct.Oct.Nov.Nov.Nov.Nov.
Sept.Sept.Sept,Sept.Sept.Oct.Oct.Oct.Oct.Nov.Nov.Nov.Nov.
1882 .1882..1882 .1882..1882 .1882..1882..1882..1882..1832..1882 .1882..1882 .
1883.1883.188318831883.1*831883.1883.1883.1883.18831883.1883.
Sept. 6,Sept. 13,Sept, 20,Sept. 27,Oct. 4.Oct. 11,Oct. 18,Oct. 25,Nov. l,Nov. *,Nov. 15,Nov. 22Nov. 29,
Sept. 5,Sept, 12,Sept. 19,Sept. 26,Oct. 3,Oct. 10,Oct. 17,Oct. 24,Oct. 31,Nov. 7,Nov. 14,
1884..1884..1884 .1884..1884..1884..1884..1884..1884..1884 .1884..1884 .1884..
1885.1885188518*51885.1885..1885.1885.18851885.1885.
Clearings
$603, 877,625, 650,623, 375,573. 355,7«-5, 598,651, 169,693, 917,872, 895,785, 361,866. 393,896, 540,868, 076,
1, 072, 680,
203 02183 37655 48801 73706 46020 35360 86695 57021 85048 37451,06513 35747 81
857,413,263 85639, 907, 979 97925, 116^460 37773,401,695 57758, 155,052 10
1,154,052,466 33975, 722, 717 38953, 85o, 125 23881, 124,243 74
1,021,882,159 8579tf, 664, 256 97892,319,707 29892, 475, 503 06
787, 790, 346 16806, 162,117 62
1, 010, 034, 295 97950, 962, 831 49
1,011,393,333 571,124,300,247 43999,817,864 93
1, 044, 396, 226 21857.810,086 35991,296,926 46950, 469, 956 50
1, 054, 584, (365 671, 246, 998, 567 95
645, 021, 546 86739,732,907 18732,316,071 00700, 0>*2, 400 54763, 567, 336 28759. 872, 865 58833, 965, 948 88919,608,026 44906,319,847 51817,996,284 43622, 487, 973 40783, 094, 622 25682, 451, 400 44
463,912,628 57422, 613, 919 74492, 0(59, 873 06491,357,661 20554, 662, 698 69496, 582, 476 56518,575,214 89605,195, 931 55458,532,5.58 11477,210,695 35527,541,755 74555,711,509 01459, 294, 007 66
476, ?00, 526 79484, 537, 657 96480,733,380 21471.652,048 41572, 076, 277 97659, 560, 549 70702, 000, 829 74828, 373. 048 53695,214.389 87775,416,616 98779, 244, 286 61
Balances.
$33, 414,26,812,30, 733,30, 070,32, 827,28, 586,27, 875,32, 910,31,018,33, 236,34, 579,34, 404,32, 472,
37,132,* 28, 808,3(>, 408,29, 389,26, :*49,35, 187,31,673,35, 159,32, 450,37,173,27, 635,3., 043,23, 882,
325 94778 80842 94332 134U0 90849 16042 64082 09354 80599 77373 05639 13796 33
230 86004 38897 13049 98314 58t?86 23440 10491 42957 70439 72753 35351 43022 31
27, 396, 924 6429, 786, 3H6 4130,418,411 7827, 978, 468 2834, 393, 848 9130, 742, 717 3135, 772, 217 8633, 623, 283 8626 633, 506 7037, 122, 701 7126, 969, 785 9233, 258, 877 7728, 657, 750 01
26, 472,31, 195,30, 9U,30, 061,30, 2t>0,32, 844,31,363,31,917,31,844,29, 708,28, 478,33,519,28,333,
986 85746 55820 30000 19285 71144 42439 92847 51418 48441 71167 32486 13263 64
21,278,921 7522,793,219 6021,412,397 5322, 028, 008 1132,658,517 1026, 358, 572 4028, 696, 794 9327, 673, 214 9523, 225,190 5928,269,591 5926, 823, 261 2626,496,903 1321, 392, 407 63
22, 990,23, 9*39,24, 410,22, 978,30, 158,28, 462,29, 6H2,30, 475,29, 590,30, 751,27, 323,
87 52367 46868 93989 63232 32678 38037 42583 77574 77563 5021 40
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 155
Average weekly deposits, circulation, and reserve of the national banks of New York City, asreported to the New York Clearing House, for the months of September and October in eachyear from 1878 to 1885.
Week end-i n g -
Liabilities.
^Circulation. Net deposits.
Sept. 7,1878Sept. 14,1878Sept. 21,1878Sept, 28,1878Oct. 5, 1878
12,187819, 187826,1878
Oct.Oct.Oct.
Sept.Sept.Sept.Sept.Oct.Oct.Oct.Oct.
Sept.Sept.Sept.Sept.Oct.Oct.Oct.O.-t.Oct.
6.187913,187920,187927,18794,1*79
11,187918.187925.1879
4.188011.188018,188025. 18802,18809,1880
16, 188023, 188030, 1880
Sept. 3,1881Sept. 10. 1X81Sept. 17. 1881Sept. 24,1*81Oct. 1, 1*81Oct. 8, 1881Oct. 15, 1881Oct. 22, 188!Oct. 29, 1881
Sept.Sept.Sept.Sept.Sept.Oct.Oct.Oct.Oct.
Sept.Sept.Sept.Sept.Sept.Oct.Oct.Oct.Oct.
Sept.Sept.Sept.Sept.Oct.Oct.Oct.Oct.
Sept.Sept.Sept.SeptOct.Oct.Oct.Oct.Oct.
2,18829, 1X82
16, 188223,1X8230, 18X2
7, 1X8214, 18*221 1XX228, 18x2
1,18838. 1883
15, 18X322, 1X8329, 1X83
6, 188313, 18«320, 1x8327, 1883
6,188413,188420,1X8427,18844, 1884
11, 1X8418, 188425, 1884
5,188512, 1X8519, 188526, 1X853, 18X5
10, 18X517, D-8524, 1X8531, 1885
Dollars.19, 037, 00019, 453, 00019,591,00019, 692, 50019,552,20019, 567, 80019, 575, 900
j 19,864,400ii 21,354,100| 21,585,300! 21,366,700j 21,513,700
21,914.20022,061,900
| 22,268,600i 22,430,500I! 19,324,200
19,335.500! 19,326,400| 18,864,400! 18,618,600 'I 18,555,600 ;| 17.611,000 !I IS, 682, 500; 18,628,400 |
I 19,669,400 |! 19,764,500 i| 19,768, 100 jJ 19,747,500 I
19,841,400 I| 19, 849, 400 j
19,878,400 i19,901,40019,930,400
j18,278,400 i18.307,000 !18,357,500 !18, 623, 70018, 768, 100,8.894,80018, 732, 00018. 749,400
j 18,764,500
15, 622, 60015. 527, (0015 519,70015, 394, 60015, 184,80015, 069, 10015, 164,20015,252,90015, 336, 200
14,221,00014, 132,30014,081,40014, 083, 30013,578,40012, 884, 70012,752,70012, 910, 900
9, 704, 7009, 753, 3009, 735. 8009, 808. 0009, 902, 9009, 921, 2009, 954, 000
10, 006, 0009, 989, 800
Dollars.191,650,200191, 090, 500190,268,100189,832,700187, 568, 400184,8-25.400183, 627, 600186,082, 100
201, 608, 400201,071,200203, 326, 900204, 964, 400206, 86»>, 800207, 684, 500207, 200, 200205, 496, 800
267, 791,2C7, 792,268, 244,264, 358,263, 755,269, 993,271, 907,269, 708,271,230,
278,241,700277,011,700279, 404. 900277, 2*8. 600270, 727, 400263, 081,600254, 224, 700250, 299, 000251,480,300
271,999,400265, 566. 900263, 736, 700260, 205, 800251,858, 100249, 136, 800249. 629, 700247, 974, 400247, 575, 400
269,961,9002H8. 805, 500272,325,100271,728,200268, 496, (500265, 592, 500268, 942. 000202, 535, 700258, 589, 600
251, 527, 200251,654,700254,141,200252, 765, 500256, 696, 800261,801,600261, 527, 700261,405,400
321,8.59,000320.910,000319, 060 800316.767,000315. 002,600315, 596, 200317, 296, 700313, 767, 200313,399,700
Total.
Dollars.210,687,200210, 543, 500209, 259, 100209, 425, 200207, 120,600204, 393, 200203, 203, 500205, 946, 500
222, 962, 500222, 656, 500224, 693, 600226. 478,100228,781,000229, 746. 400229, 468, 800227,927, 300
287,115,500287, 128, 100287, 570, 700283, 222, 600282, 373, 6002X8, 549, 000289,518,700288,391, 100289,859,100
297,911,100296, 776, 200299, 173, 000297,016, 100290, 568, 800282, 931, 000274. 11)3, 100270, 200, 400271,410,700
290. 277, 8002X3, 873, 900282, 094, 200278, 829, 500270, 644, 2tiO268, 031, 600268, 361, 700266, 723, 800266, 339, 900
285, 584, 500284, 332, 500287, 844, X00287, 122,8002x3, 681, 400280, 661, 600284, 106, 200277, 888, 600273, 925, 800
265, 748, 200265, 7X7. 000265, 222, 600266, 848, 800270, 275, 200274, 666, 300274, 280, 400274,316,300
331,563,700330, 663, 30032H, 796, 600326, 575. 000324, 905, 500325,517,400327, 250, 700323, 773, 200323, 389, 500
Reserve.
Specie.
Dollars.14, 583, 20015, 929, 30015, 590, 40015, 373, 30014, 995. 8001-2,184,60013,531,40017, 384, 200
18, 502, 90018, 538, 00018, 670, 40018,731,60018, 979, 60020,901,80024, 686, 50025, 636, 000
61, 269, 20060, 716, 00061, 522, 20060, 026, 60059, 8-23, 70062,521,30062, 760, 60060, 88X, 20061,471,600
57, 816, 10059, 991, 60061,224, 10060, 476, 00054, 954, 61)053, 287, 90051,008.30054,016,20055, 961, 200
49, 775, 40047, 148. 50048,571,50047, 114, 00044, 9?5. 50047,016,00048, 281, 00049, 5IS, 20048, 374, 200
53, 529, 00052,601.40053, 397, 4004J), 360, 00050, 067, 90051, 586, 70050, 894, 00047. 262. 90046, 372, 800
64, 899, 90064, 288, 20065, 409, 51)064, 302, 00067, 470, 60068, 922, 50067, 579, 40067, 638, 000
102, 921,100100, 255, 300
97, 333, 20095, 037, 90092, 351, 60093, 642, 50091. 945,30087, 309, 10084, 954. 600
Legal-tend-ers.
Dollars.43, 260, 30041,673,40041, 894, 70039, 7C2, 00038. 304, 90037, 685, 10036, 576, 00035, 690, 500
36, 275, 80036. 181, 60037, 781, 10035,901,90034, 368, 00032, 820, 30029, 305, 20026, 713, 900
12, 545, 90011,952,00011,407,10011,090,50011, 129, 10010, 785, 00010,939 20010. 988, 20010, 925, 000
13,226,60012,591,30011, 979, 00012,451,30012, 150,40012, 153, 80012,45 4,70012, 496, 50012,947,900
19,953,10019,448, 80018,61.1,50017,993,70018, 3X9, 00018, 3X4, 50018, 002, 70017, 023, 9o()17,204,700
21,729,00021,074,50020, 6<>2, 70022, 443, 30020, 56n, 80020, 122, 50021, 145,80020,719,70020, 617, 600
25, 060, 80025, 191. 80025, 2(58, 00025, 375, 70025. 817, 30027, 654,10027, 875, 50027, 354, 200
28,701,90028, 842, 30027, 662, 80026.014, 80024, 516, 60023, 002, 00022.221, 10021, 059, 80021, 874, 900
Total.
Dollars.57, 843, 50057, 602, 70057,485, 10055, 135,30053, 300, 70049, 869, 70050, 107,40053, 074, 700
54, 778, 70054,719,60056, 451, 50054, 633, 50053, 347, 600P3, 722, 10053, 991, 70052, 349, 900
73,815,10072 668,00072, 929, 30071,116, 10070, 952, 80073, 306, 30073, 691), X0071,876,40072, 396, 600
71,042,70072, 582, 90073,203. 10072. 927, 30067, 105,00065,441,700153,461,00066,512,70068, 909, 100
69, 728, 50066, 597, 30067, 263, 00065, 107, 70063,314,50065, 400, 50066, 283, 70066,542, 10065, 578, 900
75, 258. 00073, 675, 90074,060. 10071, 803, 9O070, 634, 70071,709,20072, 039, 80067, 9x2. 60066, 990, 400
89, 960, 70089, 480, 00090, 677, 50089, 677, 70093, 287, 90096, 576, 60095, 454, 90094, 992, 200
131,623,000129,097,600124,996,000121,052, • 00116, 868, 200116,644,500114. 166.400108.368,900106, 829, 500
Ratio toliabili-
ties.
Per cent.27.4527.3627.4026.3325. 7324.4024. 6625.77
24.5724.5825.1224. 1223.3223. 3823.5322. 97
25.7125. 3125. 36"25 1125.3725.4225.4624.9224. 98
23.8524.4624. 4724. 5523.0923.1323. 1524.6125.61
24.0223.4623 8423. 3523. 2524. 0324.7024.9724. 77
26.3525. 9125.7325.0124 9025. 5125.3624.4724.46
33.8533. 673H. 8133. 6134.5235. 1634.8034.63
39.7039.0438.0137.0735. 9735. 8334.8933.4733.03
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
156 REPORT OF THE COMPTROLLER OF THE CURRENCY.
State of the laivfal-money reserve of the national banks as
STATES AND
Dates.
Oct. 2,1879Dec. 12,1879Feb. 21,1880.Apr. 23,1880June 11,1880Oct. 1,1880Dec 31,1880Mar. 11,1881.May 6,1881June 30,1881Oct. 1,1881Dec. 31,1881.Mar. 11,1882May 19,1882.July 1,1882Oct. 3,1882Dec. 30,1882Mar. 13,1883.May 1,1883June 22,1883.Oct. 2,1883Dec. 31,1883Mar. 7,1884Apr. 24,1884June 20,1884.Sept. 30,1884Dec. 20,1884Mar. 10,1885May 6,1885July 1,1885Oct. 1,1885
No. ofbanks.
1,8201,8241,8311,8441,8451,8591,8631,8601,8681,8801,8951,9261,9451,9811,9962,0262,0652,0972,1282,1692,2532,2802,3142,3402,3762, 4172,4172, 4252,4322,4422,467
Net deposits.
$329, 874, 452348 834, 775375, 281, 538384, 765,183385,168, 252410, 522, 448439, 354, 304447, 410, 923460, 478, 466484, 089, 521507, 247,143518, 701, 965515,198,159519, 247, 650527, 588, 049545, 842, 660554, 245, 520550, 892, 283556, 309, 464560, 731, 879577, 880, 812579, 512, 711573, 619, 524575, 995, 025544, 660, 331535, 807, 406520, 283, 576537,613,418540, 281, 3145C2,196, 593570, 838, 327
Reserve re-quired.
$49, 535, 54052, 379, 53556, 346, 82757, 766, 63357,801,80661, 598, 29865, 922, 99567, 131, 60269, 091, 73372, 633, 32976,196, 94577, 809, 25777, 283, 68677,891,11079, 142,16981, 880, 36183,140, 39082, 637,10483,449,58184,112, 68386, 685, 68886, 930, 75386, 046, 71586, 399, 253£1, 699, 04980,371,11078, 042, 53680, 642, 01281, 042,18282, 829, 48985, 625, 749
RESERVE
Oct. 2,1879Dec. 12,1879Feb. 21,1880Apr. 23,1880June 11,1880Oct. 1,1880Dec. 31,1880Mar. 11,1881May 6,1881June 30, 1881Oct. 1,1881Dec. 31,1881Mar. 11,1882May 19,1882July 1,1882Oct. 3,1882Dec. 30,1882Mar. 13,1883May 1,1883June 22,1883Oct. 2,1883Dec. 31,1883Mar. 7,1884Apr. 24,1884June 20,1884Sept. 30,1884Dec. 20,1884Mar. 10,1885May 6,1885July 1,1885Oct. 1,1885
22822823023123123123223423423523723824?242243243243246247248248249249249249247247246246247247
439, 009, 954458, 944, 779498, 980, 548482, 230, 794516,491,857,557, 508, 975544,501,717536,112,658588, 714,401655, 815, 066604, 438, 599577,163, 351564, 058, 531590, 883, 075604, 391, 647572, 791, 257565, 948, 445559, 431, 070568, 267, 546611,259,171590, 785, 930612,621,435642, 682, 644620,221,832534, 629, 056562, 888,105588, 299, 710626, 616, 971644, 259, 607669,199, 214677, 333, 060
109,752,489114, 736,195124, 743,137120, 557, 698129,122, 964139, 377, 244, 136, 125, 429134, 028, 165147, 178, 600163, 953, 766151, 109, 650144, 290, 838141, 014, 632147, 720, 769151,097,911143, 197,814141,487,111139, 857, 768142. 066, 886152, 814, 793147, 696, 483153, 155,359160,670,660155,055,456133 657, 263140, 722, 026147, 074, 927156, 654, 242161, 064, 902167, 299, 805169, 333, 265
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 167
shoivn by their reports from October 2, 1879, to October 1, 1885.
TERRITORIES.
Reserve
Amount.
$124, 315, 513124,606, 178139, 489, 054133,966,543138, 632, 303147, 105, 244155, 406, 393150,919,415155, 258, 612170, 055, 750158, 299, 042159,060,717150, 725, 091154, 776, 359151, 908,107150,351,513158, 832, 406155, 131, 167148, 836, 606157, 728, 089157.493,584167,741,690167, 008, 072162, 466, 064145, 997, 562156, 304, 733161,864,287175, 030, 558171,011,833170, 245, 483177, 470, 804
CITIES.
136,610,443138, 638, 047149, 451,113140,898, 106169, 206, 207175, 852, 502357,721,336147, 308, 032180, 221, 803197, 889, 047163, 348, 053161, 410, 332157, 802, 939172,827, 165167, 963, 478153, 557, 856162, 387, 772148, 706, 922156,419, 122184, 362, 295171, 448, 008182, 221, 554198,511,843179,371,793160. 231, 029189, 850, 706208 349, 105235, 974, 313247, 455, 612256,223, 121237, 894, 989
held.
Ratioto liabili-
ties.
Per cent.37. 735.737.234.836.035.835.433.7
1 33.735.131.230.729.329.828.827.528.728.226.728.127.228.629.128.226.829.231.132.631.630.831.1
31.130.230.029.232.831.529.027.530.630.227.028.028.029.227.826.828.726.627.530.229. 029.730.928.930.033.735.437.738.438. 335.1
Specie.
$11,474,96113, 257, 82515,931,20818, 523, 23018, 988, 00121,145, 73825, 108,88826, 660, 88227, 842, 50127, 635, 21527, 509, 82130, 283, 76729, 161,73430, 036, 47730, 089, 06430, 024, 28931, 095, 49630, 072, 36031,414,15531, 055, 22031, 253,19433, 178, 82933,471,05336, 352, 68436, 407, 05135, 238, 17534, 587, 23138, 852, 69240, 736, 66940, 065, 64041, 467, 335
30, 698, 77165, 527, 13773, 215, 50367,410,64280, 023, 10487, 035, 65180,609,81377,490,35493, 525, 721
100,058, 12385, 162, 73582, 253, 63279, 620, 29781, 177, 31080,751, 15872, 883, 48975, 331, 66367, 890, 00672, 193, 11184, 299, 17676, 564, 78981, 097, 32988, 609, 07378. 392, 0'373, 254, 63193,371,299
105, 159, 848128,263, 181136, 678, 750137, 546, 852133, 405, 237
Classification of reserve held.
T PP-'II
$29, 628, 09629, 357, 05728, 471,13330, 138, 70828, 650, 254
i 27,613,37029, 0(i3, 89226, 783,13128. 672, 78927,416,23026,473,00228, 905. 00126, 897, 69428,160,62726, 857. 62028,318,64631,038.11128, K71,03130, 367, 25229,053, 11630,245,60032, 6J>5, 29929,859,21830, 944, 46431,448,25430, 392, 84029, 943, 39130,134,19729, 508, 03627, 473, 32929, 375, 936
39, 557, 86625, 362, 06726, 749, 50630, 889, 35035,821,47229, 023, 55830, 150,98225.371,17833, 842,17731,308, 17326, 677, 60231,188,49329, 725, 29837, 797, 24737, 153, 13934, 994, 87137, 440, 31031,977,03737,889.21644, 779, 34240, 437, 39747, 864, 49745, 987, 87746, 7(i8. 16445, 468, 95846,651,81946,426, 16440, 883, 12547, 828, 96352, 228, 02340, 362,183
United Statescertificates of
deposit.
$735, 000670, 000670, 000645, 000605, 000640, 000630, 000585, 000585, 000575, 000620, 000595, 000610, 000535, 000620, 000610,000635, 00056"), 000585, 000575, 000585, 000610,000595, 000550, 000575, 000500, 000565, 000665, 000635, 000635, 000500, 000
26, 035, 00010, 180, 00010, 090, 0007, 225, 000
11, 895, 0007, 015, 0005, 520, 0005, 525, 0007, 460, 0008, 965, 0006,120, 0007, 335, 0008, 835, 0009, 850, 000
10, 425, 0008, 035, 0007, 840, 0007, 840, 0007, 835, 000
10, 070. 0009, 375, 000
10, 230, 00013, 450, 00011, 440, 0009, 295, 000
13, 700, 00018, 475, 00022, 095, 00018, 500, 00022, 285, 00018,300 000
D u efrom reserve
agents.
$71, 302, 88770, 017, 26983,134, 25973, 296, 23679, 126,76386,371,22989, 258, 93086, 060, 70587, 109, 924
103, 297,18492, 335, 03687, 745, 65682, 599, 92484,721,96983, 221, 97080,064, 19684, 783, 91784 431,39475,216,79585, 825, 60184,119,73888, 057, 47392, 267, 70483, 664, 76166, 843, 81479,652, 11986,489, 19595, 289, 83089,991,05492, 068, 59395, 954 541
35, 720, 66032, 725, 18334, 657,12830, 667, 99436. 808, 90548, 191,54936, 896. 08434, 759, 98640, 862, 22952,961,45340,633, 14735, 784, 81034, 852, 79639, 467, 97635, 233, 04233, 213. 03237, 282, 19036, 592, 76134, 090, 02740, 821, 35340, 798, 99038, 942, 13346, 437, 30838, 827, 19728, 403, 33832, 340, 90034, 672, 78141,172,44340, 912, 04940, 661, 80942, 402, 609
Redemp-tion fund wi th
Treasurer .
$11,184, 56911, 304, 02711, 282, 45411, 363, 36911, 262, 28511, 334, 90711, 344, 68310, 829, 69711, 048, 42811, 132,12111,361, 18311, 531, 29311,455,73911, 322, 28611, 119,45311, 334. 38211, 279, 88211,191,38211, 253, 40411,219,15311, 290, C5211, 200, 08910. 815, 09710,954,15510,723,44310, 521, 59910, 279, 47010, 088, 83910,141,07410, 002, 92110,172, 992
4, 598,1466, 843, 6604, 738, 9764, 705, 1204, 657, 7264, 586, 8344, 544, 4574,161,5144,531,6764, 596, 2984, 754, 5694, 848, 3U74, 769, 5484, 534, 6324, 4ul, 1394, 481, 4644, 493, 609
" 4,407,1184,411,7684, 392, 4244,271,8324, 087, 5954, 027, 5853, 944, 4103, 809, 1023, 786, C883,615,3123, 560, 5643, 535, 8503, 501, 4373, 424, 960
123456789
10111213141516171819202122232425262728293031
123456789
10111213141516171819202122232425262728293031
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
158 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Lawful money reserve of the national banks, as shown by the reports
STATES AND
Cities, States, and Territories.
MaineNew HampshireVermontMassach usettsRhode Island ..,ConnecticutNew YorkNew JerseyPennsyl vaniaDelawareMainlandDistrict of Columbia..VirginiaWest VirginiaNorth CarolinaSouth CarolinaGeorgiaFloridaAlabamaMississippiLouisianaTexas ,ArkansasKentuckyTennesseeOhio ,ImtianaIllinoisMichiganWisconsinIowaMinnesotaMissouriKansasNebraskaColoradoNevadaCaliforniaOregonDakotaIdahoMontanaNew Mexico -UtahWashington .Wyoming
Total .
No. ofbanks.
714847
1956184
26772
2281527
124211514165
1061
686
5932
18390
1539747
1254936747525
1169
414
1586
155
2,467
Deposits.
$10,193,1126,271,2435, 229, 319
53, 596, 19814. 643, 99524. 856, 64579, 493, 20833,374, 14062. 410. 870
4, 060. 6805, 774, 469
781.1588, 740. 8102,551,8503, 608. 6993, 125, 9743, 605, 469
820, 0342, 236, 670
700, 14870, 308
9,498,4711,575,7318, 603, 9908, 743, 371
32, 080, 76920,591,5212K, 482, 3*>918, 633. 92710,219,34117,519,41921,980,913
6, 009, 69710. 367. 84113, 697, 32010, 610.175
234, 8295, 622, 2003, 0t)5, 2403, 891), 878
416.6555, 492,1541. 927, 9941, 693. 3991, 450, 7811, 744, 353
Reserve re-quired.
570, 838, 327
15 per cent.$1,528,967
940, H86784 398
8, 039. 4302, 196. 5993, 728, 497
11,923,9815,006,1219,361,630
609, 102866,170117, 174
1,311,122382, 778541. 305468, 896540, 820123, 005335, 501105, 0'2210. 546
1,424,771236, 360
1, 290, 5981,311,5064,812,1153,088,7284, 272, 3542, 795, 0891,532.9012. 627. 91.33,25)7,137
991,4551, 555, 1762, 054, 5981,591,526
35, 224843. 330450, 786583. 6X262, 498
823, 823289. 199254. 010217,617261,653
85, 6.<5, 749
Reserveheld.
Ratioof re-serve.
$4, 075, 3982, 423. 330 -1,708, H)5
14, 543. 9794, 019, 8M67.645, 166
24, 016, HI512, 580. 43319, 573. 9101, 656, 1361, 897. 394361,649
2, 643, 742777, 006906, 742771, 195943, 425201.271569. 345152, 25925, 559
3, 266, 400472, 135
2, 542, 1882, 023, i-80
10, 303, 0897, 479. 2609, 735, 2376, 735, 1763, 224, 5S35, 306, 8285,J 060, 3861. 966, 9953,055,9813, 769, 5374,216, 167
53, 5481, 555, 425
809, 8651,031,699
122, 5861, 328, 909
554, 326405, 695451.030525, 994
177,492,919 3L.09
Per ct.39. 9838.6432. 6727. 1427. 4530.7630.2137.7031.3640. 7832. 8646.6830. 2530.4525.1324.6726.1724. 5425.4521. 7536 3534. 3929. 9729.5523.1532. 1136. 3234.1836. 1431.5530. 2923. 0229.7629.4827. 5239 7422. 8027.6726.9526. 5229. 4224. 2028 7523.9631.0930. 15
RESERVE
Boston.AlbanyPhiladelphia .Pit tsburghBaltimoreWashington . .New Orleans .LouisvilleCincinnatiClevelandChicagoDetroitMilwaukee . . .St.. LouisSan Francisco
Total . . . .
New Y o r k . . . .
United States.
203
102, 057, 6648.918,686
77, 989, 26721,433,57921, 235. 138
3, 485, 3638,8*9, 1866, 295. 248
19.524. 1639. 784, 273
59,071,2189, 533,4235. 977. <439, 303, 829
97(5, 175
25 per cent.25. 514. 416
2, 229, 67219,497,317
5, 358, 3955, 308, 784
871,3412, 222. 2961,573,8124, 8S1, 0412, 446. 06*
14, 767, 8042, 3S3, 3561, 494. 3362. 325, 957
244, 044
44
"2/714
364.474.555 91,118.639
312, 8-H. 505 78. 2! 4. 62K
28, 726, 3983, 4*0. 802
28, 843, 9917, 086, C727, 728, 2991, 336. I .'02, 496. 2o71,457 0116,921,9543, 101,341
22, 261, 2453, 323. 5921. 909, 3303,026 3i5
488, 024
1,248,171,387 254,959.014
122,186,751
115, 7<'6,8*8
415,386,558
28.1539.0336.9833. 0636.3938. 3228.0823. 1435. 4531.7037. (S%34.8631.9432.5340.99
33. 52
36. 9rt
33. 28
NOTE.—Prior to June 20, 1874, the required reserve in States and Territories was 15 per centum,centum of the deposits only.Digitized for FRASER
http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 159
of their condition at the close of business on October 1, 1885.T E R R I T O R I E S .
Cash reserve.
Required.
$458, 579272, 285207,620
2, 524, 22963s, 332
1,172,6424,281,6131,83(5,2113,271,589
212, 2*4306,47142, 370
483,92i127, 9x2197, 824166,655184, 45046, 923
115,55339, 7392,418
534, K9688. 064
406, 398482,218
1, 664, 8511,106,0901, 589, 0821, 049, 295
581.960978, 567
1 2*2. 381371', 009593. 6757*6. 243618,226
13. 370320. 043172. 69522o, 46U
23, 780321, 893108, 740
93, 72980, 567
101,871
30,180, 803
Held.
$852, 544422, 465465, 260
4, 286,1281,059,1242, 463, 8248,510,9923,891,8337, 652, 623
397, 892754, 34 6199, 918
1, 348, 466434, 065494, 9_7548,131762, 594138. 183409, 6")2124, 0.34
17, 5201, 885, 906
204. 2541, 026. 8741, 214, 2045,521,5433, 705, 5494, 087, 4952,411,4481,293,4272, :i85. 4982, 453, 627
861,2191,612,9031, 583, 5581, 716. 208
48 706958, 088537, 552584, 825
96, 393901,919212,350250, 61828o, 475274,111
Classification of reserve held.
U. S. certiti-Le^al ten-ders.
cates ofdeposit.
$175, 000
265, 00010, 00010,00020, 000
71, 343, 271 41, 467, 335
10, 00010, 000
Dne from re-serve agents.
$2, 840, 3351, 740. 890
977,9978. 528, 99 J2,359,942 I4.384,449 I
14, 2*5,673 I8,273, 007 I
10, 738, 0281. 179,8511, 043. 055
153. 4811,193, 9">6
280, 143365, 075170, 805101, 136
57, 389113,074
22, 5513, 539
1, 292, 963251, 681
1,240,710703, 715
4,131,5593, 450, 2085, 348, 0934, 151, h751, 853,1552, 739, 8342,515,6741, 044, 3431, 372, 0902, 096, 9882, 453, 997
3, 042554, 115253, 263414.41223,144
407, 898324, 626135,390154,355244,908
Redemptiontuntl with
Treasurer .
99, 993 1111,250
101, 32062, 7v»846, 74552, 2"979, 695
5, 69946. 619
5, (5744. 500
87,53116, 200
274, 604105, 961649, 987323, 503299, 649171,853
78, 001181.496 31
91, 185 3261,4*3 13370, 988 I 3488,991 3545,962 36
1,800 3743, 222 ! 3819,050 3932,462 I 403,049 141
19.092 I 4217,350 i4319,687 |4416,200 45
29,375,936 500, 000
6,975
95, 975, 906 j 10,173, 742
46
CITIES.
12,203, 5971, 082, 9329,538.9162, 523, 1832,517.877
419,9201, 063. 586
723, 1492,314.3351,208,2967, 356, 7741, 180,428
735,9181, 143, 6:tl
108, 522
44,121,064
77, 6(J7, 5 .'6
151,969,393
13, 688, 0631, 422, 3!9
20, 930, 4434,463,4165, 7f>9, 987
946, 1241, 905. 781
897, 8884, 434, 3721,911,225
15.584,3541. 649. 7541.119,0711,723.801
461.024
76, 907, 632
115, 159. 78P
263,410,691
8, 960, 565922, 869
11,361,0922, 295, 5922, 042, 624
476, 797817,951386, 468
1, 048, 087911,225
9, 673. 2"49*7, 488640. 450962, 172458,435
41,951.069
91,454, 168
174, 872, 572
3, 542, 498189,460
4, 234, 3512, 167,8241, 442, 363
469, 3271, i 87, 830
5! 1,4201, 976. 285
985, 0005, 191, 100
66!, 266472, h21641, 629
2. 5^9
23, 576, 563
16, 785, 620
69,738,119
1,185, 000310,000
5, 335, 000
2, 285, 000
1,410 00015, 000
720, 000
120, 000
11,380, 000
6. 920. 000
18,800,000
13 931,1131, 9U4. 6667, 494, < 632, 31", 6261, 685, 282
358. 496495. 351431,609
2,235,2121, I6o, 64 L6, 622, 6341, 651,338
767, 7591,263,819
1,107, 22263, 807
419. 485312, 030273, 03031,50095 1"5
127 514252, 37029, 47554. 25722. 50022, 5( 038, 69527, 0O0
42,402,609 j 2,876,510
138, 378, 515
547. 100
13, 597, 352
12345
789
101112131415
16
and in reserve cities 25 per centum of circulation and deposit; since that date 15 per centum and 25 perDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
160 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Number of State hanks and trust companies, private bankers, and savings banks, with themonths ending
States and Territories.1
Maine ...New HampshireVermontMassachusetts
BostonRhode IslandConnecticut
State banks and trust companies.
Banks.
New England States| 40
New YorkNew York CityAlbany
New JerseyPennsylvania
PhiladelphiaPittsburgh
Delaware -• --Maryland
BaltimoreWashington
Middle StatesVirginiaWest Virginia .North Carolina.South Carolina.GeorgiaFloridaAlabamaMississippiLouisiana
New Orleans .TexasArkansasKentucky
LouisvilleTennessee
Southern States..
OhioCincinnati .Cleveland..
IndianaIllinois
ChicagoMichigan
DetroitWisconsin . .
Milwaukee.IowaMinnesotaMissouri
St. Louis. . -KansasNebraskaColorado
234
17
Capital.
$50, 000350, 000260, 000644, 349
3, 074, 3852, 476, 896
6, 855, 630
Deposits.
36.1, 607,1, 323,6,120,3.611,3, 767,
16,468,616
Investedin U. S.bonds.
$8, 3135, 20236, 984185, 063568. 043630, 543254, 312
1, 688, 460
Private
Banks. Capital. Deposits.
$47, 3191,0003,700
250, 0004, 483, 750
234,119140, 000
$120,15561,24016, 025
434,4151, 636, 216
334,7181,140, 936
74 I 5,159,888 ! 3,743,705
7,001,54218,148, 114
550, 0001, 255, 3734,411,404
762, 1753, 270, 897
ti73, 689455, 841
2, 447, 511
38, 976, 546 154, 894, 971 11, 782, 335 | 885 40, 005, 937
2,321,5901,177, 128
747, 894295, 000
3, 634, 625
615, 000644, 205
2, 723, 6981, 939, 276
133, 0005, 705, 0385, OHO, 4441, 697, 764
241 i 26,694,662
I-Western States
Neva daCalifornia
San Francisco.OregonArizonaDakotaIdahoMontanaNew MexicoUtahWashingtonWyoming
Pacific States andTerritories
United States
414
67
1, 278, 058626, 769940, 924
1, 201, 244987, 033
3,681,1141, 337, 700710,000785,614473,231
2, 521, 985971,307
3,167, 0505, 250, 582767, 707192, 032259, 250
25, 151, 600
108, 0008, 283, 0067, 901, 233
19, 581, 38886, 794, 5931,390, 1392,973,11910,072,68925, 234, 6895,215,545917. 742441.056
2, 274, 006
1, 941, 7687,624,691354, 521268, 883478, 60681,876653, 93820, 000251, 189106, 863
163452
30
18542
1, 524, 10331,187,192
91, 00029, 180
4, 378, 5271,346,729
324, 3822, 000
98, 508667, 256357, 060
11, 402, 78830, 552, 744
71, 649920
18, 727, 5654, 104, 0011, 474, 866
1, 824143, 185
2, 072, 3662, 988, 231
5,137, 2293,089.199 !1,477,416611,067
4,341,983
270,208 I87,488 i
1
52,333 i
1,012,426 i1,441,669 ; 123, 758
4,632,1222, 280,131 I412,310 !
5,902,9695,116,1493, 050, 686
643, 0133,000
74, 017218, 553471, 197112, 388
71,540,139
2,061,637945, 544119, 21647, 745683,840272, 706
1. 257, 2211,193,246
87, 343
4, 052, 620165,318
1, 795, 145687, 524172, 054
38, 505, 356 j 2, 055, 955 I 252 j 4, 809, 796 13, 541,159
163, 65620, 882623, 83788, 268117,717
2, 398, 878
3, 132, 9311,350,0324,198, 9092,169. 5173, 228, 6838, 846, 7343, 378, 8214, 849, 9992, 654, 6826, 252, 2936, 100, 3671,911,978
10, 360, 65418,074,6101,810,416480, 354545,512
79,346,491 5,454,733
98, 56011,269,82218,199, 412
329, 692112, 47713,489
222,11251,924
325, 025849, 92047, 883
197,3413, 319, 780
16, 292, 239 29, 567, 794
113,970,677 318,783,228
3,517,121
24, 498, 604
21385
103286231248814
2457075101177131
1,474
4, 361, 082775, 472105, 000
3, 164,1903, 042, 881
586, 3811, 009, 099206, 041793, 229161,500
2, 583. 754935, 068
1, 083,125454, 973796, 437461,458325, 667
17,004,5163, 042, 679826, 114
9, 590, 09613, 282, 5903, 72H, 7793, 727,131826, 455
3, 309, 3461, 536, 6077, 017, 8062, 814, 3254, 946, 562
614, 0893, 066, 7341, 539, 4602, 934, 365
20,845,757 79,805,653
256, 457466, 913
2, 083, 5171, 203, 466
112. 932127,5115, 358
446, 7086. 667
206, 000257, 000128, 054
117 5, 300, 583
2,802 176,121,961
735, 988818,952
7,912.530974, 571243, 673396, 27918,368
724, 031181,925
1, 233, 952525,109271, 201
14, 036, 579
182, 667, 235Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 161
average amount of their capital, deposits, and investments in United States bonds, for the sixMay 31, 1880.
bankers. Savings banks.
Invested \ \in U. S. Banks.! Capital,bonds. ! !
Deposits.
$38,5501,984,618
7,04518, 420
58 | $21,599,46965 | i 28, 204, 30616 | . I 6,907,562
154 i .1142,510,22412 j i 56,796,871
. I 39,188, 748' 73,549,860
2,048,633 j 422 | J368, 757, 040
358,430 I7,528,342 j
3,000 j800 i
274,180 !117,527 |
7,425 j
203, 037289, 758
Investedin U. S.bonds.
$3, 284, 637919,297653, 862
13,633,9936,499, 1104. 570. 369
Banks-
647122
16?5756
Total.
Capital. ! Deposits.
37, 693, 200
.|131,291,297 , ,„,„„.,,„.,„
.1174, 566,730 ! 73,737,079
$40, 00012, 289, 86117, 417, 079
270,878 ii 22,157,680 !
458, 300 j 7, 961,178 !i 1,207,860 i
10,085 i 235,703 |20,075 i 21,467,947 !
! 317, 644
8, 782, 499
24, 00050, 000
181
2
528,460 |389,183,857
340^912~! 558,336
| $3,292924
i 690! 13,857j 9,0*51I 5,207! 8,404
$47, 31951, 000
353,700510, 000
5,128, 0993, 308, 504
8,131, 932 105 2, 616, 896
8, 525, 64549, 335, 306
641, 0001, 324, 5538, 789, 9312, 108, 9044, 053, 579
675, 689564, 434
3,134, 842357, 060
48, 293,88, 890,2, 910,6,141,
822,,671,
2, 340,20,
264,10, 200,
310,
615,618,967 166,865,
18,050 |
'"""742"!85, 600 i45,000 !
2,000 j885,004 !14,583
1,000
160 133 ! i1 , 0 8 5 i i.
88 426 j 1
I ' i " '1 *! ;1
76201 3 I1 3 i58 i9 !
26 !33 !3 !
11 i105 I15 !7 1 I15
3, 036, 9741, 247,128
790, 321511, 499
4,068,279 •83,830 !
1,040,241 ;1,083,690 i
126,265 !2,777,031 !3,701,080 I
245, 110 !6,099.606 I5,267,028 j-1 nf*r\ 000 '13, 000 I i I •..' ; 30 ! 1, 769, 228
7, 757, 202 j4,034,743 |1,596,632 j
658,812 !5,910,827 I287,289 1
2, 269, 647 '2, 634, 915
87, 3434, 632, 1221, 332, 751
577, 6287, 698,1145, 803, 6733, 222, 740
294,208137,488
52,33319,050
|24742 I 25
209, 35845, 000
643, 013163,13375, 102
306, 979471, 197125, 388
6,036 | 5 j 342,912 j 1,457, 923 *j 1,000 j
4 j 65, 000 j 697, 202 j 86, 959 !
I ! ! • ' '5 ;1
498 j 31, 847, 370 53, 504, 438 I 2, 542, 991
703,819 !254,789 |.54,542 i
419,685 !557,889 I160,945 !65,921 j16,050 !72,284 !.2,425 !.
97,764 i68,044 i
103,183 !.23,475 j.42,514 !.39,492 I.
62, 4005, 000
8, 940, 548 2,151, 270 I1,413,171 ! 42,061 I
550,515 I 60,000 j10,570 |
150, 000 ! 1, 867, 594 134, 267
4 48,167 ' 208,018 !.3 ; ! 273,847 :.
248 |12 i
j316 i34 j
155 i11 I
109 '
309 !
17028
14S83
5,704, 140 |1,402,241 !1,045,924 i4,365,434 l
4,092,314 !4,272,495 i2,346,7991,066,0411,57K, 843 :
634,731 j
5, 153,906 i1,006,375 :
4,250. 1755. 7(!.">, 5."51,564,144 :
653, 890584,917 '
20, 834, 6484, 392, 711
13, 965, 57113,172, 78317, 061, 78812,584,0837, 105,9527, 544. 0485, 964, 0287, 788, 900
13,326.101 !5, 000, ) 50 •
15,307,216 ''18,688,699 !
4,877, 150 ;
2,019,814 •3, 479, 877 i
i, 823, 894
954,275,
2, 829,550, 014735, 606
2, 559,154,480,184,15,
319.119,428,873,90,39,
434 34671 35649
009701914 | 43876 |44968208395397492
50
2, 682, 821 ;
100, 000 I.
129,272 !112,423 |25,000 L
33 330,567 13,961,405 ; 2,474,557 | 1,921 ' 46,327,924 i 173,12H, 0u9 I 10,612,111
7 680, 7! 0 ; 2, 839. 944 : ......!9 2,119,796 : 41,385,352 ! 2,711,604 j1 41,742 j 58,532 ! 6,300 j
13 !
20 ;15 !
1144
304, 4579, 430. 0;.'9
12, 101, 5403,245,208
112, 932127.511
5, 358446, 7086,667
206, 000257, 000128, 054
834.548 .14,928,718 :67,497,201 !1,033, 103 I
243,673 '•39(5,279 '.18, 368 i .
724,031. |.181,925 I.
1,233,952 i.5?r>. 109 I271,201
ioo, "ooo197, ?41.
6, 100, 050118,72325, 000
5152| 5354555657585960161162
366, 695 I 17 2, 842, 248 i 44, 283, 828 J 2, 717, 904 | 201 j 24, 435, 070
14, 366, 684 j 658 4, 044,187 817, 644,113 189,187, 816 4, 456 |194,136, 825
5745 CUR 11
87,888,201 6,601,720
17319, 094, 576~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1 6 2 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Number of State banks and trust companies, private bankers, and savings banks, ivith themonths ending
States and Territories.
MaineNew Hampshire.VermontMassachusetts ..
BostonRhode IslandConnecticut
Banks.
New England States.
New YorkNew York City .Albany
New JerseyPennsylvania
Philadelphia....Pittsburgh
Delawaie..Maty land
BaltimoreWashington
Middle StatesVirginiaWest Virginia..North Cai olina.South Carolina.GeorgiaFloridaAlabamaMississippi.Louisiana
New Orleans .TexasArkansasKentucky
LouisvilleTennessee
Southern StatesOhio
CincinnatiCleveland .
IndiauaIllinois
ChicagoMichigan
DetroitWisconsin ..
MilwaukeeIowaMinnesotaMissouri
St. Louis..KansasNebraskaColorado
Western States .NevadaCaliforniaSan Francisco.Oi egonArizonaDakotaIdahoMontanaNew Mexico .-Utah....WashingtonWyoming
Pacific States andTerritories
United States
State banks and trust companies.
41
218
17
Capital. | Deposits.
$50, 000350, 000260,0u0790, 033
3,361,0082,451,600
7, 2«53, 841 ! 20,968,622
7,211,33320, 527, 888
66, 0001,167.6X33,718,015
7t'8, 2802,922,125
604,561447,812
1,846,816
25, 277, 222105, 898, 639
182,5793, 487, 56111,599, 11933,6^8,619o, 943, 543
844, 743548, 605
2, 346, 610
39,280,513 189.777,240 10,506,894
2, 280, 4521,158,983463, 807305, 000
2, 959, 758
615, 000675, 293
2, 237, 8031,487,013130,236
5, 683, 5(534, 9<>7, 5541,748,019
1,917,814
1,832,3516, 987, 938
323, 675388, 68548, 033
623, 34810,000
256, 67536,189
6,371,4353,313,5101, 063, 5231,553, 1453, 9U1, 950
1,109,3001,311,167
5,147,1881, 777, 789495, 204
7,165, 4845. 903. 2213, 356, 247
208, 13666, 790
5a45, 000
122, 693
395,161
65, 23091,177
249, 922199, 763
Private
Banks.
80
163508
35
17252
712
196
12, 6:)9, 06745,414,376
1,611,4701,560
19, 978. 5856,174, 7852, 025, 477
19,18343, 742
2, 389, 0323, 747, 703
55,397, 130 I 94, 104,980
1,551,34745,482,515
550, 00026.231
4,140,6791,890,614
563,9105,000
49, 177773, 657364, 000
18348
306
211135
107312335
240 I 24,712,481 42,429,1(53 1,443,922
2.-S43
24347
226
294
5820
1011940128
399 | 24,757,047
80
978
89,(K)07, 778, 0738,726,011
456, 34480, 000
51, 000
17,180, 428
113,194, 310
3,300,421l,5.->8,0464, 87(>, 4092, 201,526l,3dl,3208, 793, 4453, 4d4, 9755. 887, 2735, 204, ^696, 954, 5427, 97">, 6714, 47o, 337
14.810,82524, 807, 7« 0
2, 342, 089007, 705
1,159, 507
99, 847, 750
617.11912,405,96818,816,574
461,049198, 669
97,808
32,597,187
38576197962"
162,3086(», d!)4
491,16140. 19026, 333
1,001,70042, 227
300, :<c>795, 2-361,717
291, 56423,774
339,742339,419
30, 937
5,000
3,251,769
254, 2904,219,649
6,30050, 0U0
4, 530,239
2176507668"
21384
10631024
1377
794
276898111
1358651
1,621
141
3,038
Capital.
$53, 2001, 0002.804
50,0004, 065, 097
358,181168,500
4, 698, 782
Deposits.
$169,76445, 23417,2b7
5:<9, 0282, 570, 068
462, 2681, 359, 079
5, 162,708
369, 79270, 00040, 833
229, 956478,910
99, 079564,085314,579146, 329
32, 0002, 560, 951
87, 066368, 731178, 00048,517
5, 588, 828
4,119,220812,167
55. 0t<03,130,2(384, 183,3462,004, 1971, 213, 796
36L, 25f5848, 746
64. (.672, 975, 737
67l), 2271, 120, 244
261,3021, 001,172
675, 3()0547, 827
23, 853, 472
,387, 709
1,275,9184is6, 500
67,319216, 263
6,561512, 706
13, 333157, 225284,050135, 208
3, 785, 643
93,323,855
2, 102,077992, 892102, 240
53, 9211,308, 131
521,6991, 372. 342
833, 32635, 812
*7, 033, 240184, 305
1, 936. 815728, 46411K, 240
17, 323, 504
19,931,7743,863,817
963, 93811,870, 16421,050,14!)10. 455, < 035,218,413
945, 6694,901,883
530, 04710, 388, 843
2, 772, 5676, 843, 2(57
304, 9764, 076, 3932, 053, 5862, 705, 441
109,481,990
637, 5301,022,5928,27.,6(iO
973, 519436, 587484, 335
19,097904, 498459,518
1,484,711657, 015421, 310
15, 772, 372
241, 845,554Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. insaverage amount of their capital, deposits, and investments in United States bonds, for the sixM ' n L881May 31,
bankers .
Investedin U S.bonds.
$9, 966
16,'667'1,003, 343
32,6138,003
1, 067, 652
364, 268», 670, 751
351, 000333
288, 461224, 208
20; 374
195, 384287, 029
11,401, 808
35, 00035, 617
7,000
80048 28030, 000
14,6661,250
80,000
11, 833
203, 780
650, 222280, 205
8, 9H7571,999
lf 245, 738172, 58974,401
7, 333111,900
35067, 28745, 848
134, 14244, 40032, 00014*07015,000
3,483, 180
100, 000
104, 074250,000
454, 074
1ft, 670, 494
L881.
Savings banks .
Banks.
576716
157123383
425
89247
3314525
101
181
3
221
1
9
5
1156221
33
38
48
12
665
Capital.
"$25,000
Deposits.
$24,116,11732, 092, 2327, 971, 977
162, 120,98259,921.15538, 3(54, 06678, 460, 347
25,000 403,052 876
45, 000
533, 300
" 10,08520, 225
608,610
418, 741
15, 000
""*2,"000
2,129
437, 870
165, 000
75, 35010,00075, 000
150,000
40, 000
515,350
681,9651,951,243
2, 633. 208
4, 220, 038
145,650, 176192,517,56013, 981, 39220, 388, 409
309, 45725, 007, 693
9, 918, 6031,435.466
295, 39523,123, 778
397,172
433,085, 101
813, 449
307, 201929, 08217, 750
2,397
2, 009, 879
1, 173, 782
10,021,3201,710. 510
91(5. 03567, 515
393, 0712, 580, 087
228, 281500, 510
17, 639, 717
2, 233, 52441,892,395
44,125,919
Investedin U. S.bonds.
$4, 049, 652738, 71650*, 777
14, 4H5, 7285, 720, 4834, 228, 3386,909,101
36, 640, 795
54, 898, 09183, 257, 940
2, 964. 8257,729,081
67, 8506, 534, 0492, 372, 208
10." 976*10, 749, 845
31, 585
168,617,050
21, 689
21,6?9
118,309
2, 133, 583122, 045
85. 23424.018
550202, 292
2, 125
2, 689, 440
6, 911,198
6, 911,198
899,973,492 214,880,178
Banks
607222
1630255
100
546
300563
1248
2467430
71139
7
1,337
7419
Capital.
$53, 20076, 000
352, 804310,000
4, 855, 730j 3,719,789
2,020,100
11,987,623
8, 702, 08066, 010, 403
616, 0001,238,9147, 858, 6942, 658, 8944,019,335
609, 501507, 074
2, 640, 698364, 000
95, 286, 253
3, 068, 9851 228 983
13 504 (MO1454
7
283
13120
14751531
.107
240128
145330
33101
14108
833711218230
1759859
2, 058
158324169
372
148
1294
233
549. 9503, 438, 668
101,0791,179, 085
989, 872146, 329
2,271,9324, 047, 964
217,3026, 052, 2945, 145, 5541, 796, 536
30, 739, 179
5, 509, 5831, :574 3171,059, (5»574, 433, 4*84, 579, ay*3, 905, 1972,4)5,5001,044,0281, 830, 8(53
437, 8985, 071, 4082, K? 5.9714. 300, 1035, 7«53, 0251,921,571
944, 372903, 440
49, 125,869
381,8518, 847, 747
11,958,172892.814147,319216, :63
6,561512,706
13, 333208. 225284, 050135, 208
23, 599, 279
4,(581 210,738,203
Total.
I
Deposits.
$24, 363. 29032,103, 12410,046,910
164,037,83270, 644, 57743, 0 !9, 20184, 289, 272
429,184, 206
183, 626, 465343, 830, 575
15, 775, 44123, 877, 53031, 947, 10164, 831, 09717, 887, 6232, 299, 392
887, 74227, 859, 4204,144, 875
Investedin U. S.
! bonds.
1 $4,056,618740,091
i 622,52514. 670, 0097, 316, 0245,170,5357, 049, 889
39,626,291
i 57,094,71099,910,629
3, 315, 8258, 053, 089
744, 9966, 806, 8903, 015, 930
10, 000267, 651
10, 981, 418318. 614
•716, 967, 321 190, 525, 752
9, 286, 90 L4, 300, 4021,105, 7031, 914, 2076, 199, 103
539, 4492,481,6422,144,493
35,8125,149, 5858,811,029
679, 5099, 002, 2990,031,0853.474,487
0L, 822, 546
21,405,9775,421,803
15, 80 L, 75715, HIS, 20023,903.50119,310,0239, 017. 05!)9,419.029
10. 100.7527, 484. 589
18. 592, 7957.754.414
21, 600, 09225, 112,0760,418,4822,601,2913, 864, 948
226, 909, 457
1,251,64915, (562. 08468, 980, 029
1, 434. 568635, 256484. 335
19.097904, 498459 518
1,582,519657,015421,310
92, 495. 478
264, 825102,407
5045, 0007,000
800170, 97330, 000
395, 16114, 00060, 480
171,177249, 922211, 596
1,729,391
930, 899340, 299
2,033,711734,834
1. 357, 30.')1, 198,937
117,241509, 992207, 190
2, 007300, 976
69, 622473, 884383, 825
63, 53714,07020, 000
9,424,395
100, 000254, 290
11, 234, 921256, 300
50, 000
11,895,511
1, 527,439, 008 253, 201, 340
1•S4567
89
101112131415161718
192021222324252627282930313233
3435363738394041424344454647484950
515253545556575859fiO616?
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
164 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Number of State hauls and trust companies, private bankers, and savings banks, tvith themonths ending
State banks and trust companies. Private
States and Territories.Banks.; Capital.
1 Maine2 New Hampshire3 Vermont4 Massachusetts5 Boston6 Rhode Island
Investedin IT. S. Banksbonds, i
$9,272$50,000 ! 25,541450,000 j 2,629,483260,000 ! 2,156,705
1,}-50, 000 ! 10,828,4623,174,035 ! 4,379,082
$210, 0004, 405
555, 325810,417
7, 431, 33321, 355, 841
550, 0001, 183, 4913, 760, 025728,105
2,834,696554, 686456, 835
1,707,780
31,281,778130, 220, 9611,674,6024, 047, 18513,329,32035,300, 1195, 770, 173
958, 305480, 104
2, 445, 706
1, 788, 5067, 239, 463351,000418,644616,57642, 900626, 1746,667
244, 07538, 202
1, 753, 42051, 654. 464
91,00016,710
4, 295, 9182, 040, 877
785, 7545, 000
37, 8371,104, 268408, 517
40, 562, 792 225, 508, 253
2, 369, 3971,145, 057
510, 534405, 000
2, 970, 333
615,000 2,046,648659, 824 1, 620,183
2,213,7001, 978, 079112,167
5, 577, 0745, 090, 5961, 725, 292
25,372,053 i 48,465,265
4, 294, 085686, 99477, 000
3, 286, 5073, 735, 3788, 6d4, 6181, 407, 597161,541780, 952160, 000
4, 186, 651992, 068
1, 263, 396295, 351
1,633, 919931, 366629, 939
121, 13564,156
400, 000197, 81473, 167
1,158, 56755, 100216, 38374, 9993, 366
204, 39022, 20052s] 94047, 22935, 929
23, 709, 0572, 869, 5141, 599, 202
14, 069, 35924, 328, 45210,916,2436, 930, 2931,095,9234,317,0662, 352, 46516, 703, 2674, 486, 3166,961,756
246, 2S55, 046, 4523, 046, 9892, 469, 192
439 ! 26.486,256 [120, 170, '135
97, 3!3 ! 359,6277,190, 822 I 13, Ml, 1088,540, 142 ! 16,959,847
88. 175 i 545, 18447, 167 i 32(5.01939,435 ! 29.249
3,391 114,255,892 295,622,160
7 Connecticut
I New England States
8 I New York j9i New York City j
101 Albany11 i New Jersey12 i .Pennsylvania13! Philadelphia141 Pittsburgh15 j Delaware16; Maryland17 Baltimore18 Washington
i Middle State
19 Virginia20 West Virginia21 North Carolina22 South Carolina23 Georgia24 Florida25 Alabama26 Mississippi .27 Louisiana28 New Orleans29 Texas30 Arkansas31 Kentucky . .32 Louisville33 Tennessee
j Southern States
34 Ohio35 Cincinnati .36 Cleveland37 Indiana38 Illinois .39 Chicago40 Michigan41 Detroit42 Wisconsin .43 Milwaukee .44 Iowa45 Minnesota46 Missouri.47 St. Louis48 Kansas49 Nebraska50 Colorado
I Western States
51 j Nevada52 1 California53 j San Francisco54 i Oregon .55 i Arizona56 Dakota .57 Idaho58 Montana59 New Mexico60 Utah61 Washington62 Wyoming
Ij Pacific States andj Territories
j United States 1,012 |l 16, 806, 512 452,002,376 23,211,430Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 165
average amount of their capital, deposits, and investments in United States bonds, for the sixMay in, 1882.
banker
Invested \in IT. S. Banks. Capital,bonds.
27, 406, 711 $5, 314, 340144, 250 | 30, 65(3, 791450, 000 ! 11, 900, 529324,107 ! 164, 119,761
7,938,250 ! 80,945,9993, 580, 531 | 46,580,2153,017.466 ! 88,894,964
36, 630, 9949, 249, 045
161,344,85064, 137, 14641,647,64481,938,327
94,250 422, 120,536
1159, 564, 970;209,919,28015,416, 75126, 394, 884
453, 74488,501
10, 945, 8821. 597. 886
9, 184, 75373,010,31)5
641,0001,255,2018, 055, 9432, 768, 9x24, 146,833
559, 686504, 757
2, 832. 398408, 742
65,825,398 i105,051,411 !
4. 536,189 '10, 530, 123
910,2307, 573, 9213, 930, 689
6, 667255,051
11,374,767358.219
10, 085 325, 98920,350 ! 24,437. 120 | 11
225 ! 483,205 i
612,043 1478,328,212 1189,775,842
411,783 i 1,083,348 3,191,7701, 185, 057
567, 201624, 577
3, 532, 000133,521
1,191,1751,032,361
132, 2862, 368. 4274, 686, 443
288, 8436, 239, 4425, 271, 0961, 825, 065
1,146, 6922,000 ! 62,477
11,175 |62,94121,083 I
37, 79480, 92294, 394
465,18546, 398
1, 520,15481, 654
11, 452,1821, 990, 5471, 651, 672
132, 257206, 322
3,189, 367
1, 104, 796268, 014
2, 153, 232980, 879826, 245
1, 432, 807204, 457403, 961144, 815
7, 178525, 70040, 613
747, 63693, 054
471,46038, 23711, 500
784, 737203, 85814,210
706, 965634, 845 I235,787 !147, 2075,750
8163. 812
321,31018,413
218, 69645, 825
435. 53138, 2371,500
1, 739, 022, 100
118, 23338, 4532,150
181,828
42, 5009,000
30, 000150, 000
461,129 ! 21,441,468
312,778 j7, 970, 885
12,315, 19095!, 542129, 050432, 22411,575
570, 85825, 927
336, 458418, 657193,426
1, 139,28317.24M.3o272,501,8192,915, 865
862, 746839, 57357, 390
1, 434, 947793, 359
2, 119,659], 008, 857
772. 07
3 ! 428,057 , 2,128,976 i 25,6998 jl, 744. 583 i 44,678,418 \ 12, 825, S»u6
11 |2,172, 640 ; 46,807,394 j 12.851,605 ; 287 23,668,576 : 101,694,878 ' 18,749,242 |
14, 870, 745 660 3, 867, 572 ;971, 073, 946 i242, 028, 782 j 5, 063 234, 929 976 jl,718,698,482 ;280,110, 957 jDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
166 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Number of State banks and trust companies, private bankers, and savings banks, with th«months ending
States and Territories.
MaineNew HampshireVermont...-Massuchu setts
BostonRhode IslandConnecticut
New England States
New YorkNew York CityAlbany
New .JerseyPennsylvania
PhiladelphiaPittsburgh
DelawareMaryland
BaltimoreWashington
Middle States
VirginiaWest VirginiaNorth CarolinaSouth CarolinaGeorgiaFloridaAlabamaMississippiLouisiana
New Orleans . .TexasArkansasKentucky '
LouisvilleTennessee
Southern States...
OLioCincinnatiCleveland
IndianaIllinois
ChicagoMichigan
DetroitWisconsin
MilwaukeeIowaMinnesotaMissouri
St. LouisKansasNebraskaColorado
Western States . . .
NevadaCalifornia
S m FranciscoOregonArizonaDakota __IdahoMontanaN ew Mexico .UtahWashingtonWyoming
Pacific States andTerritories
United States
State banks and t r u s t companies.
Banks.
1634
1313
40
5333
210651617437
210
5518114
21
717
14
146
531324
248
2623
241311195
325
6126
12519593714
481
5606315
Capital.
$50, 000450, (,00260, 000
1, 850, 0002, 8d9, 4442, 876, 600
8, 296, 044
7,661,04621, 030, 532
550, 0001,219,1753, 877, 327
760, -J712. 794, 971
Wti, (5864W, 793
1, 707, 780
40, 604, 581
2,244, 5391,150, 314
566, 026415,000
2, 845, 433
717, 500614, 590
7,5002,213,7001, 785, 590
256, 9735, 756, 8695,109, 8771, 653, 144
25, 337, 055
1, 257, 3l»03'JO, 0H>
1,118, 3331,731,445
754,1865, 466, 5881,007,129
823,149976, 762473. 231
2, 740, 6742,554, 1154, 483, 0205, 736, 6751,404,849
Deposits.
$26, 0992,989, 1232,310, 348
11,803,4039, 005, 5825? 503, 4.32
31,637,987
31,456,89114.'}, 742, 5G4
1, 7(59,7714, 172,032
14. 84I,4.'{()37,026, 1747,030,9471,061,025
447, 0J72, 469, 845
244, 017, 706
7, 664. 8154, 035, 793
936.7111, 959, 1693,176,132
1, 906, 6951,175,791
3,6674, 628, 9343,283,417
493, 8016,721,7157,331,6862, 620, 008
45, 938, 3o7
4,346, 1891, 093, 7276, 330, 4054, 286, 9903, 235, 214
15, 302, 8034.. 029, 0147. 417, 2955,964,n349, 588, 7269,393, 1507,779,219
16, 502, 64828.751.X422. 967. 604
7oO,328 ! 1,521,620615,754 | 2,433,417
32,14.1,538 130,943,897
77, 3007, 835, 5908, 530, 333
90, 30025, 00052, 254
2 143 682
262, 38216.832,31119,019.692
823, 557149, 96581, 645
296, 891
82 16,754,459
1,061 123, 135, 677
37. 466,443
490, 064, 370
Investedin U. S.bonds.
$175, 2337,015
555, 249800, 000
42
Private
Banks.
9
13
617
13
1, 537, 539 94
1,788,0976,649,176
351,000405, 075424,18942, 900
618, 348
240, 62538, 202
10, 507, 612
119,74136, 291
59,666
31, 500
202, 925
117,03822, 250
445, 7406,229
1, 040,714
132, 58726, 25J
405, 369212,266100, 548
1, 354, 82548, 376
190, 50025, 256
1,070303, 79625, 533
532, 122368, 7ti0
30. 58750, 55610, 000
3,818,404
1,290,6523, 902, 369
5,193,021
22, 097, 290
1<6506
34
18944
813
358
967
17359
299
22114
11123
162235
289
21511
511733722
1529
874
321116839
16114947
1,845
72710171079101713
9135
217
ir412~
Capital.
$83, 343
68, 3335, 439, 589
406, 539217, 833
6,215, Gtf
1,742,88951, 75s, 575
91,00016,026
4, 248, 4632, 206, 728
755, 3125.000
39, 0251,126,738
428, 450
62, 418, 206
381,99140, 00058, 333
177, 297652, 177153, 874514,500423,615158, 53685, 667
2,881,555118,568395, 386181,000111,591
6, 334, 090
4,135.845673,096
52, 0002, 910,1303, 654, 2391, 473, 4081,424,515
205, 708764, 904160,000
4, 200, 5841, COO, 7811,195,067
220,4121,323,4121, 044. 974
774,735
Deposits.
$256, 080
20, 097572, 673
3,621.863577, 740
1, 519, 857
6,568,310
15, 556, 55555, 565, 884
17, f>921, 119
24. 174,2916, T.iS, 5222, 922, 571
8,51936, 149
3, 057, 7094, 611, 745
112,690,656
2, 934, 8031,158, 647
83, 72858,122
1,117,969962, 202
1,530,913949, 095
55, 907692
8, 251, 624249, 633
2, 244, 248732, 766344, 952
20, 675, 301
22, 482, 6482, 600, 8551,359,130
12,151,43224, 591, 57910, 660, 5257, 064, 7201,192,9474,405,4672, 4*3, 026
14, 580,1244, 770, 3076, 05-.\ 073
18,7295, 595, 7083. 369,1342, 423, 305
25,213,810 125,751,709
191, 434364, 260
I,5n9, 162868, 709105, 248567.10439, 947
525, 72725, 417
216.103466, 414214, 965
5, 094, 490
105, 276, 233
724.6831,701,2528.910.7822, 752, 552
679, 9881,299,323
184,4711, 540, 824
920, 0002, 274, 6751,221,6541,061,398
23, 271, 602
288, 957, 578Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 167
average amount of their capital, deposits, and investments in United States bonds, for the sixNovtmber'3\), 1CJ82.
bankers .
Investedin U. S.bonds.
$10, 137
60, CH3878, 590
7. 48(57, 052
963, 958
446.8217, 926, 545
61218, 10773,91454, 878
324]037
9, 227, 728
20, 00014, 325
6 000
16, 6752, 500
28,167
19, 500
107, 167
557, 442143, 083
11,525516,305€40,121153, 249131 803
Banks.
576516
154143383
422
89237
30
4
6102
179
3
131
1
9
i18
•5,933 1 1
92,435 13 614
Savings banks.
Capital
$100, 000
Deposits.
$29, 009, '229i<8. 472. 971
9. 9i9, 2181G6, 502, 943
65, 912 SMI4'2. 983. 717
j 8 4 , 3 4 0 , 2 6 4
100,0*0 437,141,273
'. 164.154.094! 21(5,9(54, 102: 15 914 00
57, 500
"525,006'
30,13520, 396
3(i9
633, 400
25, G54. 735767, 743
29. 7(57, 05211,397, 8 51 (i79 80!)
358, 07025, 132,4(51
533, 743
492, 323, 664
399 806 1-148 941
30, 00030, 0002,000
100, 000
561, 866
235, 000
42, 5008, 500
55 000150, 000
210,551 4 ! 48,33314. 997 | 4
121.165 j 1 10,000
36, (i8535,512
2,710,262
105, 0007. 9(57
149, 637270, 000
45 549,333
3 428.7488 1,746,873
56; 124
588, 728
13,597,143"
1
12
3, 200
2,178,821
667 4,023,420
5, 2351, 947, 620
69, 603
117, 973
3, 289, 372
1, 702, 76585, 253
11,754,4442,102,9771, 63(5. 303
142, 087434. 622
3, 374, 995
394,8141,110, 140
34, 288
22, 772, 688
2,214, 16945, 909, 257
26. 664
48, 210, 090
1,003,737,087
Investedin U. S.bonds.
$5, 339, 575521, 145467. 798
11,694.4346, 122 5l>:<4, 341, 25 55, 787, 491
3J. 274, 199
'^. 824, 57287, -280. 284::, 889,15:58,591. !4(i
99, 0336. 367, 9173,026,942
10, 97611,010,351
31,585
179, 131,959
166, Oil
1,606,872101,558
78, 03338, 600
152, 044
2, 143,118
55, 00014,3:5,007
Banks.
6(5(5623
] 007953
Capital.
$83, 343i 150, 000i 450, 000
328, 3337, '289, 5893. 215. 98:5
109 ; 3.094,433
55(3 14.6U.6cJl
308 . 9. 4o3, 935562 : 72,789, 107
12 ! <U1 TOO44
256ti4297
125210
1, 356
7521161453102^285
1613722751629
546
247~149
15935535
17315
1199
38614620928
22018661
2,371
12902420118410171311135
14.380,007 1 311
229, 929, 283 5, 140
1,292,7018, 125. 7902, 9*56, 9994, 075,2f8.{
571, (586505, 953
2, 854, 914428,819
103, 656,187
3. 02(5, 3961, 15)0,314
624, 359622, 297
3,527,610155, 874
1, 232, 0001, 038, 205
166,0362, 399, 3674, 6(57,145
375,5416, 152, 2555, 290, 8771, 764, 735
32, 233, 011
5, 62* 145973. 096
1, 170,3334,641,5754, 450, 9256, 948, 49(52, 486, 6441, 178,8571, 741, 666
633, 2316,989,5913, 554, 8965, 688, 0875, 957, 0872, 728, 2611, 745, 3021,390,489
57,906,681
*263, 7348, 628, 599
11,786,308959 (iO9
Total.
Deposits.Invested
; in U S.; bonds.
$20,265,309 i $5,349,71238,499,070 521,14512, 928, 438 643, 031
169,3f5, !;64 11,762, 14281,338. 197 l 7,556,34252, 567, 039 1 5, 148, 73991.363,533 • 5,794.585
475, 347, 570 36, 775, 696
211,1(57,540 61.009,490416, 272, 550 101, 8fMi, 005
17 701 383 4 240 15.'{29, 827, 88639, 783, 46473, 531, 74821,351,353
2, 749, 353841,246
30, 660, 0155, 145,4^8
8, 99(5, 282741,329
6, 484, 7313, 700, 168
251, 60111,231,918
355, 622
849,032,026 198,867,299
11,748 559 139 7415,194,4401,020,4392, 022, 5266, 241, 7211,031,8053, 437, 6U82,124, 889
59, 5744, 747, 599
11, 535, 041743, 434
8, 965, 9638, 064, 4522, 964, 960
69, 903, 010
28,531,6023, 779, 835
19, 443, 97918,541,39929, 463, 09626, 105,41511 5^8 356
50, 616
59,000*6,000
31, 500
"202,925"16, 675
119, 53850, 417
445, 74025, 729
1,147, 881
856, 040169,336
2, 023, 766830, 129818, 702
1, 546, 674180 179
11,985,237 ! 348,47710,369,501 ! 117,69512,021,752 i 4,68424,3(58,088 ! 514,34713, 659, 6<56 ' 40, 5302> 589 009 ' 653 9X728 770 571 404 5988,563,312 ! 67/2724, 890, 754 86, 0684,856,722 j 10,000
279, 468, 294
987 0o520. 747. 73273,899.731
3 576 100130 248 »i}9 953619,35839, 947
525, 727•25,417
359. 785466,414218,165
24, 027, 770
232, 435, 330
1, 380, 9(58184,471
1, 540, 824920, 000
2,571,5661,221,6541, 088, 062
108, 948,135
17782,699,035"
8,671,784
105 0001,353,619
18,377,013270, 000
56,124
20,161,756
26576247416"
12345
7
89
101112131415161718
192021222324252627282930313233
3435363738394041424344454647484950
515253545556575859606162
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1 6 8 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Number of State banks, savings banks, trust companies, and private bankers, with their averagecapital and deposits, and the tax thereon, for the six months ending November 30, 1882.
States and Territories. j Backs.! Capital, j Deposits.
MaineNew HampshireVermontMassachusetts
BostonRhode IslandConnecticut
New England State:New York
New York CityAlbany
New JerseyPennsylvania
Philadelphia...Pittsburgh
DelawareMaryland
BaltimoreWashington ...
Middle States 1,356Virginia"West Virginia ..North Carolina .South Carolina..GeorgiaFloridaAlabamaMississippiLouisiana ..
New Orleans..TexasArkansasKentucky
LouisvilleTennessee
75211G1453102928
516
137
751629
83, 343150, 000450, 000328, 333
7, 2*9, 5893, 215, 9833, 094, 433
14,611,681
9, 403, 93572,789, 107
641, 0001, 292, 7028, 125,7902, 966, 9994, 075, 283
571, 686505, 053
2, 854, 9L3428, 819
$29, 265, 30938, 499, 07112, 928, 438
169, 385, 96481, 338,19652, 567, 03991, 363, 553
Tax.
I On capital. On deposits. Total,
103,656,187 ! 849,032,1)26
11, 748, 5595, 194,4401, 020, 4392, 022, 5266,241,7201,031,8063, 437, 6082,124, 889
59, 5744, 747, 599
11, 535, 041743, 434
8, 965, 9638, 064, 4522, 964, 960
3, 026, 3961,190,314
624, 359622, 297
3, 527, 610155,874
1, 232, 0001,038,205
166, 0362, 399, 3674, 667,145
375,5416, 152, 2555, 290, 8771, 764, 735
Southern States .Ohio
Cincinnati ..Cleveland...
IndianaIllinois
ChicagoMichigan
DetroitWisconsin
Milwaukee .IowaMinnesota —Missouri
St. Louis...KansasNebraskaColorado
Western States .NevadaCalifornia
San Francisco .OregonArizonaDakotaIdahoMontanaNew MexicoUtahWashingtonWyoming
546 ! 32,233,011
247149
15935535
17315
1199
38614620928
22018661
5, 628,145973, 096
1,170, 3334, 641, 5754,450, 9256, 948, 4962, 486, 6441, 178, 8571,741,666
633, 2316, 989, 5913, 554, 8965, 688, 0875, 957, 0*72, 728, 2611, 745, 3021, 390, 489
18,047 50145, 533 41
725 002,075 19
18,708 717, 125 468,437 79, 429 21663 32
6,583 39261 95
209, 590 93
7.2HT602,849 241,560 891,408 248,803 92389 66
3,080 002, 516 73415 09
5,491 1011, 626 13
(.40 0015,254 5512,112 864, 347 49
$967 202, 082 708, 269 178, 077 2953, 219 0437, 688 8531, 865 74
111,894 53 I 142,169 99
$784 181,707 707, 582 267,425 7438, 579 6431,667 6224,147 39
118,701 18 |498,409 93
4, 472 2310, 587 4598, 214 02
109,411 9227,216 302,712 251, 324 79
14, 048 1111,527 37
896, 627 34
136, 748 68643, 943 345, 197 23.
12, 662 64116, 922 73116, 537 1735, 654 094,141 461,988 11
20, 631 5011,791 32
1,106, 218 27
26,981 1112,986 072, 551 075, 048 83
13, 611 082, 4L7 908,593 975, 312 13148 93
11,574 1428, 837 541, 858 53
22,414 7520, i61 127, 412 34
34,197 7115, 835 314, 111 966, 457 0722,415 002, 807 5&11,673 977, 828 86564 02
17, 065 2440, 463 672, 498 5$37, 669 3032, 273 9811, 759 83
69, 903. 010
28, 531, 6033, 779, 835
19, 443, 97918, 541, 39929, 463, 09626, 105, 41511, 528, 35611,985,237 I10,369,50112,021,75224,368,08813, 659, 66622, 589, 00928, 770, 5718,563,3124, 890, 7534, 856, 722
77, 712 50 ! 169, 909 51 j 247, 622 01
2,371 57,906,681
Pacific States and Ter-ritories
12 ,90 !24 !20 :
11 i84 |io ;17 !13 ;n i136 !
279, 468, 294
268, 7348, 628, 598
11, 786, 3691)59,009 j130,248619,358 j
39,947 !525,726 ;
25,417359, 785 (
466,414 '•218,165 '*
987, 0ti520, 747, 73273, 899, 731
3,576,110829, 953
1, 3*0, 968184, 471
1, 540, 8249:0,000
2, 571, 5661,221,6541, 088, 061
12,207 162, 009 401, 883 609, 782 439, 269 34
13,593 555,766 032, 356 054, 059 861,571 36
16,187 898, 785 90
12, 586 9313,881 21
6, 652 444, 148 053,451 23
128, 192 43
409 3318,187 4216, 972 22
1, 722 52325 61
1,548 3699 86
1, 314 3163 55
759 141, 166 02
545 41
Grand totals..
311 | 24,027,770 | 108,948,135 j 43,113 75
5,140 232,435,330 |1, 782, 699, 035 488,885 07
67,261 329,241 37
19, 223 8441,338 1369, 999 6364, 910 2627, 826 7523, 192 3125, 923 6130, 054 37 i60, 036 2831, 724 6256,472 2571,926 4221, 4u8 0912, 226 69 !12, 141 74
79, 468 4»11, 250 7721,107 4451,120 5679, 268 9778, 503 8133, 592 7825, 548 3629, 983 4731, 625 7a76,224 1740, 510 5269, 059 1885, 807 6328, 060 5316, 374 7415, 592 97
644, 907 68 I 773, loO 11
2, 467 64 I 2, 876 9748, 039 28 I 66, 226 7086, 126 64 | 10i, 098 868, 940 26 I 10, 662 782, 074 86 j 2, 400 473, 452 30 5, 000 66461 17 ! 561 03
3, 852 03 ! 5, 166 342, 299 99 | 2, 363 546, 428 92 I 7, 188 063, 054 10 4, 220 122, 684 13 | 3, 229 54
169, 881 32 I 212, 995 07
1, 993, 220 38 2, 482, 105 45
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPOET OF THE COMPTEOLLEK OF THE CURRENCY. 169
Table, by geographical divisions, of the number, average capital and deposits, of State banks,private bankers, and trust and loan companies, and of savings banks with and withoutcapital—
FOR SIX MONTHS ENDING NOVEMBER 30, 1875.
St
Geographical divis-ions.
ate banks, private i c,ivil)fl.s uT l k c w i t h [Savingsbanks!bsmkera, and trust : h ' t u l l ^ 5 r " W l t t l j withoutcap-companies.
No. Capital.
capital.
<* JNo .
\Miirns. MilVns. \JIilVns. MilVns. \New England States 126 11.6; 24.0 2\ 0.3 5.2Middle States 1,270 90.8 232.4 ; 3 0 .2 ! 0.8Southern States .. j 517 30. 0 I 42. 6 3 ! 0. 4 j 0. 5Western States and
Territories 1, 853 70. 9 ! 188. 0 i 19
United States .. 3, 766
4 .1
209.3 ! 487.0 I 27 j 5. 0 |
32.6 !j
39.1 I
ital.
^ u > | i t s .
i "\MilVns.
436 413.9218 ! 382.8
3 1.9
38
Total.
No. [capital,
5641,491
523
47.0 |l,910
845.6 4,488 j
MilVns.11.991. 036. 4
75.0
Mill'ns.443.1616.045. 0
267.6
214.3 1, 371. 7
FOR SIX MONTHS ENDING MAY 31, 1876.
New England StatesMiddle StatesSouthern StatesWestern States and
Territories
United States ..
1,
I,
3,
135256516
896
803
11.789.235.7
77.4
214. 0
23.6223.444.9
188.1
480.0
133
19
26
0.20.30.4
4.1
5.0
4.41.20.6
31.0
37.2
436212
4
39
691
415.1382.5
2.0
45.0
844.0
5721,471
523 ;
1,954 ]
4,520 ;
11.989.536.1
81.5
219.0
443.1607.147.5-
264.1
1, 361. 8
FOR SIX MONTHS E N D I N G NOVEMBER 30, 1876.
New England StatesMiddle StatesSouthern StatesW estern States and
Territories
United States ..
131 I 1 1 . 3 41,213 I 88.34
505 ! 35.40
1, 915 82.14
3,764 | 217.22
22.76226.40 I42,40 |
192. 49
484. 05
1 \2 i4 :
17 |
24
0.200.160.48
4.21
5.05
4.150 770.64
32.38
37.94
438211
3
35
687
422. 99385. 82
2.04
44.68
855. 53
570 11.541, 426 88. 50
512 35.88
1,967 | 86.35
4,475 i 222.27
449. 9(>612. 99
45.08
269. 55-
1, 377. 52:
FOR SIX MONTHS ENDING MAY 31, 1877.
New England StatesMiddle StatesSouthern States -.Western States and
Territories
1171, 202
517
1,963
United States ..
11.0784.8734.58
88.11
3, 799 I 218. 63
19.99 1215.87 ; 2 i46.17 ; 3
188.51 i 20
0.20 !0.160.42
4.09
3.940.88 !0.52
32.83
439200
4
33
470. 54 i 26 4. 87 38.17 j 676
428. 69368.81
2.12
43.54
843. 16
557 !1,404 |
524
2,016
11.2785.0335.00
92.20
4,501 i 223.50
452. 62585. 5648.81
264. 8&
1, 351. 87
FOR SIX MONTHS ENDING MA Y 31, 1878.
New England States'Middle StatesSouthern States"Western States and
Territories .
United States ..
113 ! 11.05 I 18.29 ! 1 0.07 I 1.14 |1,133 ! 76. 93 j 184. 02 ! 3 i 0. 16 I 1. 37 i
513 I 34.68 | 44.35 ! 4 j 0.88 j 1.28 ;
1, 950 | 79. 49 | 166. 65 j 15 j 2. 13 | 22. 39 j
441190
3
34
403. 43358. G*
2.14
555 i 11.121,326 I 77.09
520 ! 35.56
81. 62
3, 709 ! 202.15 I 413. 31 | 23 i 3. 24 j 26.18 j 668 j 803. 30 !4, 400 ! 205. 39
422. 86544. 0747.77
228. 09
1, 242. 79-
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
170 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Table, by geographical divisions, of the number, average capital and deposits of Stat$banks and trust companies, private bankers, and savings banks with and without capital,for the six months ending May 31, 1878 the private bankers being given separately.
Oeographical divis-ions.
NewEngiand StatesMiddle States-Southern StatesWestern States and
Territories
United States . .
State banks and trustcompanies.
No. [capital. DfP°»-
42217233
361
853
MilVns8.19
42. 4527. 38
46.33
124.35
MilVns.
122.1030.67
61.65 1,589
Private bankers.
71916280
229.48 2,856
Savings banks withcapital.
No. Capital. D£P8°S-|No. Capital.! Depos-
MUVns.2.86
34.487.30
33.16
77.80
MUVns.l3.23 I 1
61.92 j 313.68 4
105. 00
183. 83
15
MilVns.0.070.16O.feS
MilVns.1.141.371.28
2.13 : 22.39
3. 24 26.18
Savingsbanks with-out capital.
No.
441190
3
34
668
Depos-it*
MilVns.403. 43358. 68
2.14
39.05
803.30
Table, by geographical divisions, of the number, average capital and deposits of StaUbanks, private bankers, savings banks, and trust and loan companies, for the six monthiending May 31, 1878, and of the number, capital, and deposits of the national bank$ onJune 29, 1878.
Geographical divis-ions.
New England States.Middle StatesSouthern States . .Western States and
Territories
United States..
State banks, s a v i n g sbanks, private bankers,and trust companies.
No.
5551,326
520
1,909
4,400
Capital.
Millions.11.1277.0935.55
81.62
205. 38
Deposits.
Millions.422.86544. 0747.77
228. 09
National banks.
No.
542634176
704
1,242.79 -2,056
Capital.
Millions.166.52177.1831.49
95.20
470. 39
Deposits.
Millions.128. 83374. 8935.94
137. 50
677.16
Total.
No.
1,0971.960
696
2,703
6,456
Capital.
Millions.177.64254.2767.04
176. 82
675. 77
Deposit*.
Million*.551.69918.9683.71
365.99
1,919.8*
Table, by geographical divisions, of the number, average capital and deposits of 8tat§banks and trust companies, private bankers, and savings banks with and without capital,for the six months ending May 31, 1879, the private bankers being given separately.
Geographical divis-ions.
New England States..Middle StatesSouthern StatesWestern States and
Territories
United States..
State banks and trustcompanies.
No.
40239251
475
1,005
Capital.
MilVns.7.10
40. 7227.43
52.02
127. 27
Depos-its.
MilVns.14. 39
124. 6432.60
85.44
257. 07
Private bankers.
No.
70853237
1,474
2,634
Capital
MilVns.3.72
34. 545.64
25.85
69.75
Depos-its.
MilVns.3. :>2
54. 5311.89
70.18
139. 92
Savings banks withcapital.
No.
"i'3
2029
Capital.
MilVns.
"0.510.86
2.85
4.22
Depos-its.
MilVns.
' *2. 440.83
32.80
36.07
Savingsbanks with-out capital.
No.
426182
3
33
644
Depot-its.
MilVn§.3('>6.46350.95
1.69
27.96
747.06
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 171
Table, by geographical divisions, of the number, average capital and deposits of State banks,private bankers, savings banks, and trust and loan companies, f>r the six months endingMail 31, 1879, and of the number, capital, and deposits of the national banks on June 14,1879.
Geographical divis-ions.
New England StatesMiddle StatesSouthern States . . . .Western States and
Territories
United States..
State banks, savingsbanks, private bankers,&c.
No.
5301, 280494
2, 002
4,312
Capital. Deposits.
Millions.10. 8375. 7733. 92
80.72
201. 24
Millions.384 17532. 5047. 02
National banks.
No. Capital. Deposits.
544640170
Millions.104.4:*170.2130. 40
90. 20'
1, 180. 12 2, 048 ! 455. 24! I
216.37 688
Millions.120.7239*. 1237.93
155. 63
Total.
No. Capital. Deposit*.
1.0F01,920
670
2, 690
713.40 6,36,0
Millions.175. 26245.9864.32
170. 92
656. 48
Million*.510. 80925. 0884.95
372. 00
1, 893. 52
Table, by geographical divisions, of the number, average capital and deposits of State banksI and trust companies, pr'nate hankers, and swings banks with and without capital, for th$
»ix months ending May 31, 1880, the private bankers being given separately.
Geographical divisions.
New England States .. .Middle StatesSouthern States .Western States and Ter-
ritories
United States ....
State banks and trustcompanies.
No.
40234241
481
996
Capital.
MiWns.6.86
38.9826.69
41.44
113. 97
Depos-its.
MUVns.16.47
154. 8938.51
108.91
318. 78
Private bankers.
No.
74885252
1,591
2,802
Capital.
MUVns.5. 16
40.014.81
26.14
76.12
Depos-its.
MUVns.3.74
71.5413. 54
93. 85
182. 67
Savings banks withcapiial.
No.
63
20
29
Capital.
MUVns.
' "6. 530.34
3.17
4.04
Depos-its.
MUl'ns.
**3.190.57
30.85
31.61
Savingsbanks with-out capital
No.
422175
2
30
629
Depoi-its.
MiWn*.368,71386.0t
.8t
27.30
783.lt
Talle, by geographical divisions, of the number, average capital and deposits of State banks,private bankers, savings banks, and trust and loan companies, for the six months endinfMay 31, 1880, and of the number, capital, and deposits of the national banks on June 11,1880..
Geographical divis-ions.
| State banks, s a v i n g sbanks, private bankers,&c.
No. Capital.
New England States. I 536Middle States 1, 3(»0
498Southern StatesWestern States and
Territories
United States..
2,122
4,456
Millions.12.0279. 5131.85
70.76
Deposits.
Millions.388. 97615.62
53.50
261. 00
1,319.09
National banks.
N o .
548654177
697
Capital.
Millions.165. 60170.4430. 79
89. 08
2, 076 455. 91
Net de-posits.
Millions.161.96 1,C84480 06 1,95445.90 675
212.87 2,819
900.79 6,532
Total.
No. Capital. Deposits.
Millions.177. 62249. 05
62. 64
159. 84
650. 05
Million*.550. 93
1, 095. 61
99.40
473.8T
2,219.88
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
172 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Table, by geographical divisions, of the number, average capital and deposits of State banksand trust companies, private bankers, and savings banks with and without capital, for thesix months ending Mai) 31, 1881, the private bankers being given separately.
Geographical divisions.
New England States ..Middle StatesSouthern StatesWestern States and Ter-
ritories
No.
41218240
479
United States 978
Capital.
MiWns.7.26
39. 28.24. 71
41.94
113.19
MiWns.20. 97
189. 7842.43
132.44
385. 62
Private ban
N o .
80938258
1,762
3,038
Capital.
MiWns.4.70
55.405.59
27.64
93.33
MiWns.5.16
94.1117.32
125. 26
241. 85
a..
N o .
176
22
36
Capital.
MilVns.0.020.610.44
3.15
4.22
Brs-MilVns.
0.194.680.84
31.90
37.61
Savings
No.
424174
3
28
629
Depos-its.
MilVns.402.86428.40
1.24
29.86
862. 36
Table, by geographical divisions, of the number, average capital and deposits of Statebanks,private bankers, savings banks, and trust and loan companies, for the six months endingMay 31, 1881, and of the number, capital, and deposits of the national banks on June30, 1881.
Geographicaltdivis-ions.
New England States.Middle StatesSouthern StatesWestern States and
Territories -
United States ...
State banks, savingshanks, private hank-ers, &c.
No.
5461,337
507
2,291
4,681
Capital.
Millions.12.095.330.7
72.7
210.7
Deposits.
Millions.429.2717.061.8
319.4
1, 527. 4
National banks.
N o .
552664184
715
2,115
Capital.
Millions.165. 9171.731.1
91.5
460.2
Net de-posits.
Millions.208. 6599.759.5
272.1
1,139. 9
Total.
No.
1,0982,001
691
3,006
Capital.
Millions.177.9267.061.8
164.2
6,796 s 670.9
Deposits.
MUlions.637.8
1,316.7121.3
591.5
2, 667. 3
Table, by geographical divisions, of the number, average capital and deposits of State banksand trust companies, private bankers, and savings banks with and without capital, for thesix 7)ionths ending May 31, 1882, the private bankers being given separately.
G-eographical divis-ions.
New England StatesMiddle StatesSouthern States. .Western States and
Territories
United States ...
State hanks and trusticompanies.
No.
40205246
521
1,012
Capital.
MilVns.8.32
40.5625.37
42.54
116.79
Depos-its.
MilVns.24.96
225. 5148.47
153. 06
452. 00
Private hankers.
No. 'Capital.
MilVns.104 | 7.13
1,014 I 62.19293 ! 6.37
1,980 | 38.56
3,391 j 114.25
MilVns.9.42
113. 08
19.98
153.14
295. 62
avings hanks withcapital.
No. Capital.
MilVm. MilVns.0.09 ! 0.770.61 I 5.070.53 j 1.23
2.63
3.86
34.17
41 24
Savingshanks with-out capital.
No.
418173
2
29
622
Depos-its.
MiWns.421. 35473. 26
1.15
34.07
929. 83
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 173
Table, by geographical divisions, of the number, art rage capital and deposits of State banks,private banks, savings banks, and trust and loan companies, for the six months endingMail 31, 188*2, and of the number, capital, and deposits of the national banks on July1, 1882.
State banks, savingsbanks, private bank-
Geographical divis- e r s i &c-ions. i
National banks. Total.
; No. Capital. | Deposits. No. I Capital, Net de- No. Capital.
New En gland S t a t e s ! 564Middle States .1,400 !Southern States ; 547 iWestern States and ! i
T e r r i t o r i e s . . . . 2,552
j Millions.! 15.5
103.432.3
83.7
Millions.456.5816.9 |70.8
374.5
United States . . . 5, 063 j 234. 9 j 1, 718. 7
Millions. Millions, i557 165.7 191.4 1,121686 173. 3 I 572. 8 |2, 086200 32. 9 62 0 ! 747
796
2, 239
32.9
105. 3 305.5 3,348
181.2276.765.2
189.0
Deposits.
Millions.647.9
1, 389.7132.8
680.0
477.2 1,131. 7 7, 302 ! 712.1 :, 850.4
Table, by geographical divisions, of the number, average capital and dtp sits of State banksand trust companies, private bankers, and savings banks with and witho f capital, for thesix months ending November 30, 1882, the private bankers being given separately.
Geographical divis- \ions.
State banks and trustcompanies. Private bankers. j S a v i n ^ b ^ k s w i t h !
capital
No. Capital. No. |Capital.| | No. Capital.
New England States . I 40Middle States I 210Southern States 1 248Western States and I
Territories j 563
MilVns. MilVns.8.30 I 31.64
40.6025.34
244. 0245.94
48.90 j 168.40
United States . . | 1 , 061 j 123.14 i 490. 00
94967289
2, 062
3,412
MUVns.l MilVns \6.57
112. 6920.68
6.22152. 42
6. 33
;$o. 31
Inf.. 28
149. 02
7 iI
25
MilVns.o-io0.630.56
2.73
| out capital.
Depos- -jo-0 Depos-
288. 96 i 42 4.02
MilVns.0.89 4205.34 1711.50 j 2
(35.74 I 32
43.47 625
MxlVns.436. 25486. 98
1.80
35.23
960. 26
Table, by geographical divisions, of the number, average capital and deposits of State banks,private bankers, savings banks, and trust and loan companies, for the six months endingNovember 30, 1882, and of the number, capital, and deposits of the national banks on De-cember 30, 1882.
Geographical divis-ions.
•' State banks, savingsi banks, pr ivate bank-
No. j Capital, j Deposits.
New England States-! 556Middle, States .. ! 1,356Southern States . . : 546Western States and !
Territories ,2, 682
| Millions, j Millions.! 14. 62 j 475.35I 103.66 849.03
32. 23 ; 69. 90|
81. 93 I 588. 42
National banks.
No. ; Capital.
560691214
843
i Millions.166. 23173. 19
34. 80
110. 66
Deposits. | No.
Millions. \19X. 15 1,116556.55 |2, 047
68. 84 760
301.28 [3,525
Total.
United States .'5,140 232.44 i 1,782.70 2,308 ! 484.88 | 1,119.82 17,448
Capital.
180. 85276. 8567.03
717. 32
Deposits.
Millions. \ Millions.668. 50
1, 405. 58138. 74
9.70
2, 902. 52
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
174 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Table of resources and liabilities of State banks at various dates.
Resources and liabilities.
New Hamp-shire. Jan .
1,1885.
RESOURCES.
Loan8 and discountsOverdraftsUnited States bondsOther stocks, bonds, &o ...Due from banksReal estateOther assetsExpensesCash itemsSpeciel b l t d e r s , banknotes, &c
Total.
LIABILITIES.
Capital stockCirculationSurplus fundUndivided profitsDividends unpaidDepositsDue to banksOther liabilities
Total.
1 bank.
$82, 009
12, 400
"" 1,854
469
96, 732
50. 0001,130
17, 673
1,15517,9618,813
96,732
Vermont,J u n e 30,
1885.
8 banks.
Khode Isl-and, Nov.
18,1884.
10 banks.
$1, 804, 989
75, 5228."»2,178261, (J8G
5, lf)068, 513
39, 756
3,107, 234
455,000
5, 000115, 520
2*480, 946
50, 768
3,107,2:J4
$2, 601, 005
182, 327162, :«8219,5 H
3, 8 543,3*7
13,928
Connecti-cut, Oct.1, 1884.
6 banks .
$3, 515, 980
298, 8726K5, 991142, 954
132,2(34 304,934
New York,Sept, 12,
1885.
64 banks .
$32,140,27469, 859
2, 910, 9428, 697, 169
685, 98791,958
177, 035717,353807, 984
1, 763, 267
New YorkCity, Sept.
12, 1885.
28 banks .
$68,736,63422,418-
2,103, 2884, 890, 9082, 243, 427
681, 561212,048
21,735,09412,819,2176, 210,47ft
3,318,587 4,948,731 48,061,828 | 119,605,671
1, 785, 8315,4(6
185, 5446, 642
1,172. 3(56162,788
3,318,587
1, 850, 00019, 356
399, 322
2, 284, 665395, 388
4, 948, 731
8,163, 0005,470
2, 381, 5841,761,879
31,278, 7232, 898, 0321, 573, 060
48, 061, 748
14,187, 7002,605
4,512,639-2, 949, 673
85, 495, 29511,510,231
947, 608
119, 605, 751
Resources and liabilities.
New Jer-sey, Jan. 1,
1885.
Pennsylva-nia, Nov. 1,
1884.
Maryland,Oct. 1,1885.
Virginia,July 1,
1885.
South Caro-lina, Sept.30, 1884.
9 banks. 81 banks. 10 banks. 52 banks.
RESOUUCE8.
JLoans and discountsO verdi aftsUnited States bondsOther stocks, bonds, &cDue from banksReal estateOther assetsExpensesCash i t emsSpecieLegal tenders, banknotes , <fcc
$3, 852, 274220
281,000280.210401,481120, 02 L
$23,737, 720 $4,
32, 80011,043
3, 9474,875
270, 901
1,09:?, 1004, 083. 3463, 958, (Ki42, 039, 4371, 327, 4«i7
181,041
410,1451, 078
5n, 0004 : U 7 '
8:*8, 7o41, 8-"»5. 307
430, 81-031,3V I21,977
182, 4. ,14Ii. M4
291, 7;<1
$8, 042, 406104, 54L
11,0061,146,0651,241.734
387, 65898, ^7079,1)93
320, 98934H, 235586, 800
Georgia,June 30,
1885.
5 banks. 21 banks.
$1,710,779
50," 666"92H, 975123, 796103, 741
1, 24611,470
$7, 621, 5985,914
237, 739
6, 334, 586444, 043348, 422260, 83462. 99070, 035305,811721, 382
Total . 5, 327, 832 39,714,830 6, 2U4. 3K5 j 12,163,357 3,167,746 10,181,615
LIABILITIES.
Capital stockCirculationSurplus fundUndivided profitsDividends unpaidDepositsDue to banksOther liabilities
1,299, 350 8, 050, 205
366, 600154, 801
l
1,521,844,
3,400, 80052. 04!)30, 0U0
28,161,540,596,
2, 006, 8(o2:3
242,1(0180,4(832, 74 5
3,651,15 6149,8(0
30, 9f 8
2, 881, 439
556, 011234,37141,185
7, 846, 492208, 818395. 041
Total . 5, 327, 832 39,714,836 6, 294, 3b5 1 12,163, 357
500, 000 7, 921, 950
46, 000122, 231
2002, 341, 354
59, 70698, 255
1, 274, 8flO28, 954
5,271,547610, 628
1, 073, 646
3,167,746 16,181, 615
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
I I C E T OF rJEi: COMPTROLLER OF THE CURRENCY. 1 7 5
Table of resources and liabilities of State banks at various dates—Continued.
Resources and liabilities.
RESOURCES.
Loans and discountsOverdrafts . .United States bondsOther stocks, bonds, &cDue from banks . . .Real estateOther assetsExpensesCash items -SpecieLegal tenders, bank notes, &c.
Total.
LIABILITIES.
Capital stockCirculation6urplusfundUndivided profits .Dividends unpaid.DepositsDue to banksOther liabilities . . -
Total.
Florida,Apr. 30,1885.
1 bank-.
$70, 765
12, 5001, 2866, 5833,882
7,13315, 754
117, 853
50,000
3,386225
5, 00048, 5685,6745,000
117, 853
Resources and liabilities.
RESOURCES.
Loans and discountsOverdraftsUnited States bondsOther htoeks, bonds, &cDuo from banksReal estateOther assetsExpensesCash itemsSpecieLegal tenders, bank notes, &c.
Total.
LIABILITIES.
Capital stockCirculation6urphiH fundUndivided profits .Dividends unpaid .DepositsDue to banksOther liabilities . . .
Total.
Ohio,Apr . 4, 1885.
38 banks.
$6, 934, 28530, 279
155,310G97, 1<J3848, 093445, HMD
98, 74248, 18841,851
138, 479889, 837
Louisiana,July, J8H").
4 banks.
$4, 036, 049 i
998, 2925o5, 434567,127238, 110
3,4i4418,717
2, 353, 865
9,121, 008
2, 582, 2008,617
200, 000144, 548
20, 2975, 81(), 536
348, 810
9,121, 008
Indiana,Nov. 1, 1884.
27 banks,
$2, 980, 30855, 51)826, o:>oTA, 1)0
443, irifl172, 8*842, 1«»424, 9 '3
431,679 |
Texas,J u n e 30,1884.
6 banks.
$1, 728, 99819, 868
3,680408, 70171,01012, 68334, 9092,086
16, 804398,482
2, 697, 221
643, 971
* 142,'889139, 554
1, 500, 763260, 044
10, 000
2, 697, 221
Kentucky. Missouri,J u n e 30, 1885. Aug. 31,1885.
69 banks.
$21, 538, 35736,1555, 905
1, 282, 9203,251,720
777, 919444, 249
14, 89017, 034
106, 3232,318,943
29, 794, 475
187 banks.
$43,041, 286506, 650996, 053
4, 368, 01710, 722, 8151, 689, 607
236, 015
72, 544, 885
11, 369, 39155, 302
1, 537, 794906, 740260, 243
14, 548, 675943,917172. 413
29, 794, 475
Michigan,Ju ly 6, 1885.
44 banks.
$16, 752, 75543, 870
241, 0001, 192, 2253, 095, 640
393 00294, KH453,681
137, 2(54117,490
1,187. 856
"Wisconsin.Ju ly 6,1885.
50 banks .
$15,404, 522106, 202
1, 782, 2664,271,498
402, 405
18. 050382, 78338:<, 46-I
1,418,770
10,328,046
2, 537, 000
344, 904157,190
1, 1276, 880, 201
215,160192, 464
10,328, 046
4,201,6)9- 23,310,077! 24,109,958
1,449, 200
261, 94489,2792,611
2, 360, 9f A3, 5:1.3
34, O i l
4,201,6(9
3, 494,170
502. 542628, 641
30, 00318,357, 108
119,912177, 701
23, 310, 077
2,462, 200
782,175
16, 020, 614
"4," 898,'969
14,169, 958
13, 011, 423
" 6,419," 827
32, 95646, 859, 759
6, 220, 920
72, 544, 885
Iowa,Apr. 24,1885.
82 banks.
$12,719,492205,115
2,417,901722, 233
992, 902
17, 057, 641
4, 366, 043
571,154425, 281
11, 524, 620170, 543
17, 057, 641
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
176 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Resources and liabilities of State hanks at v irious dates—Continued.
Resources and liabilities.
Minnesota,June 30,
1885.
Ktinsii.s.him- 30
1885.
Colorado, j Montana, California,J : ly 1, i October 1, July 1,
1885. 1884. ! 1885.
34 banks. I 54 banks.
RESOURCES.
Logins and discounts - I $9, 814, 476OverdraftsUnited States bonds —Other stocks, bonds, &cDue from banksHeal estateOther assetsExpensesCash itemsSpecieLegal tenders, bank notes, &c
86, 7073,100
263, 8492, 048, 226450, 9682,707
122, 734148, 631
930, 974
Total I 13, 872, 372
LIABILITIES.
Capital stock j 3, 854, 500CirculationSurplus fundUndivided profits .Dividends unpaid .DepositsDue to banksOther liabilities . . .
$4,184, 20037, 357
80034, 862
907, 187248, 407128,41938,154
4036, 230
1,150, 647
8 banks. 3 banks.
$928, 3756,912
19, 064371, 589
14, 000103, 773
4,409
6, 736, 672
260, 722
1, 708, 844
2,149, 22 L 390, 000
427, 434431, 605
13,334 I8,310,120 I
793,509 j41, 870
Total I 13, 872, 372
97, 271307, 733
1, 327, 035, 424
47, 85497, 837
78, 30165, 703
9451,160,451
9,4444,000
6,736,672 1,708,844
$181, 24510, 357
73 banks .
$49, 309, 588
48, 73143, 7378,076
4786,017
4933,792
25, 271
328,197
75, 000
54, 762
179, 3449,4179,674
1, 753,158.8, 404,4243,164, 5131, 830, 741
11,122, 925
75, 585, 349
27, 672, 641
9, 650, 975
33, 286, 7884, 205, 321
769, 624
328,197 I 75, 585, 349
Aggregate resources and liabilities of State banks from 1881 to 1885.
Resources and liabilities.
RESOURCES.
Loans and discountsOverdraftsUnited States bondsOther stocks, bonds, &cDue from banksReal estateOther assetsExpensesCash itemsSpecieLegal tenders, bank notes, &c
Total.
LIABILITIES.
Capital stockCirculationSurplus fundUndivided profits . . .Dividends unpaid ..DepositsDue to banksOther liabilities
Total.
1880-'8.1. I 1881-'82. i 1882-'83. j 1883-'84. i 1884-'85.
652 banks. 672 banks . 754 banks. 817 banks. I 975 banks .
$250, 819, 4201,335,310
12, 048, 45224, 904, 90346, 657, 32K13,.914, 23810, 542, 266
9t55, 32716, 900, 32517,071,44523, 797, 046
$272, 520, 2171,196,3698, 739, 172
19, 780, 52749,919. 18313,037,93912, 30(5, 578
999, 94 i18,546,07317, 201,41-924, 586, 6*2
$322, 358, 2271, 392, 9615, 287, 606
22,083,30458, 709, 51613, 592, 791
9, 943, 706918,403
35,118,37917,429,81725, 302, 316
418,950,000 I 438,834,173 512,137,026 521, 077, 7<
j$331, 049, 5101, 262, 7252, 337, 705
31, 452, 01948, 836, 68915,058,411
7, 671. 8761, 025, 237
28, 219, 41425, 376, 56528, 787, 615
$347, 880, 5201, 349, 9982, 994, 806
32, 644, 85959, 062, 40515, 873, 3125,791,1111,130, 883
25, 972, 92229, 867, 72430, 994, 221
553, 562, 761
92, 022, 525 j 91, 808, 213 | 102. 454, 801274,941 j 286,3a ' 187, 978
20,976,167 23,14S, ()"!) 25,762,7387,943,466 8,902,57!) 11,287,623
567, 171 481, 8'8 442,652261, 362, 303 281, 835, 4f 6 334, 995, 702
18, 870, 466 18, 262, 17 2 20, 651, 93016, 039, 021 14, 109, 414 16, 353, 542
418, 936, 060 j 438, 831, II3 j 512,137,026 I 521,077,766 553,562,761
110, 020,177.
31, 483,12,718,
473,325, 365,27,125,13, 712,
351554942894735669108513
125,
30,11,
344,29,11.
258, 24098,129669, 575574, 736493, 926307, 9969.̂ 0, 453209, 706
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REFORT OF THE COMPTROLLER OF THE CURRENCY. 177
Resources and liabilities of trust and loan companies at various dates.
Massachusetts, jRhode Island, Connecticut, i !N"ew York, ^Pennsylvania,
Resources and liabilities.October 31,
1884.
6 banks.
November,18,1884.
1 bank.
October 1,1884.
6 banks.
January 1,1885.
18 banks.
September1, 1885.
9 banks.
RESOURCES.
Loans and discountsOverdrafts"United States bonds ...Other sources, bonds. &cDue from banksHeal estateOther assetsExpensesCash itemsSpecie . ....... . . . . .Legal tenders, bank notes, &c
Total . . . .
LIABILITIES.
Capital stock
Surplus fundUndivided profitsDividends unpaidDepositsD\ie to banksOther liabilities
Total
$16,
1,1,3,
24,
3,
19,
24,
676,100
340,200779, 454009,402
56. 250580, 303
72, 329
766, 707
280, 745
300, 000
585 000552,155
633(540, 061
202, 896
280, 745
$4,130,156
800, 0002,295,100
100, 000
258, 241
784, 792
8, 368, 289
800, 000
28, 836
7, 539, 453
8, 368, 289
$2,
3,
2,
3,
117,530
397,123517,707305,782
23,8l5'
116,856 \
478, 813
976,000 !
199,830 i3,449 i
168,519130,415
478,813I
$91,594,7431,136
22. 518, 8509, 780, 935
13. 233, 4745, 026,1088, 058,139
10, 327
5, 714, 960
155, 938, 672
12, 977, 000
6 578 9075, 469, 388
121. 759, 83667 478
9, 086, 003
155, 938, 672
! $27, 024,120134, 783717,350
15, 497, 5886, 598, 4023,371,151
126,971195,581
94 672: 1, 388 065i 1,174, 481
56, 323, 164
8, 375, 000
3 532 0772, 257, 791
15, 16937, 309, 424
. . .j 4, 833, 703! 56, 323,164
Aggregate resources and liabilities of trust and loan companies from 1881 to 1885.
[Resources and liabilities.
RESOURCES.
Loans and discountsOverdraftsUnited States bonds. .Other stocks, bonds, &cDue from banksReal estateOther assetsExpensesCash itemsSpecie —.Legal tenders, bank notes, &c
Total.
LIABILITIES.
Capital stockCirculationSurplus fundUndivided profits .Dividends unpaid ..DepositsDue to banksOther liabilities
Total.
I
1880-'81.
31 banks.
$101. 906, 56072,385
15,631,57317,426,0548, 005, 5017, 482, 5341, 399, 475
171,100437
854. 1833, 594, 271
1881-'82. ! 1882-'83. \ 1883-'84.
i i
32 banks. ! 34 banks. 35 banks.
1884-'85.
$132,054,203176,' 747
16, 934, 81225, 878, 2568, 054, 5356,877,7431, 378, 627193, 401
701, 2712, 736, 230
156,544,079 ! 194,985,825
19,188,800 J 21,553,718
6, 881, 8094, 293, 854
9, 242111, 670, 329
235,19814, 264, 847
8, 356, 3025, 855, 859
95, 561144, 841, 596
147,17914,135, 610
156,544,079 j 194,985,825
$140,022,358100, 675
17, 437, 99030, 322, 4209, 561, 1486, 567, 7564, 246. 338213,18388, 483
825, 4832, 956, 753
$158, 018, 009367, 749
23, 371, 08427, 879, 85816,517,4576,152, 7712, 841, 937209, 84288, 802552,192
3, 871, 990
212,342,587 j 239,871,691
22, 778,175 | 23, 938, 600
8, 812, 7236, 788, 987
22, 359165, 378, 515
267, 0068, 294, 822
212, 342, 587
10,191, 5449,619,067
25, 282188, 745, 922
761,8886, 589, 388
40 banks.
$141, 542, 649135, 919
25, 376, 40029, 750, 20023, 458, 9858, 759, 2919, 023, 654302, 05294, 672
1,388,0658, 557, 796
248, 389, 683
26, 428, 600
10, 695, 9848, 508, 000
19, 251188, 417, 293
197, 89314,122, 662
239,871,691 ! 248,389,683
5745 CUR- -12
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
178 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Table, by geographical divisions, of the resources and liabilities of State banks and trustcompanies, 1S84~'H5.
Resources and liabilities.
NewEnglandStates.
Middle I South era Western : PacificStates. I States. Aggregate.
! 38 banks. ! 219 banks. 158 banks. \ 516 banks. ! 84 banks. jl,015 banks.
RESOURCES. :
Loans and discounts $30, 927,Overdrafts ..United States bonds 2, 215,Other stocks, bonds, &c..Due from banksReal estateOther assetsExpensesCash itemsSpecie i 13,Legal tenders, bank notes, j 2,145,
&o. i
5,814, 73(5,
73],910,
99,
$251,495,910230, 394
24, 605, 300; 35, 688, 082! 38,233,163i 13, 926, 021j 30,300,267I 809,052| 22,734,117| ] 5, 902, 2791 17, 281, 203
$44, 748, 952! 166,478i 66,971
10, 707, 0185, 976, G642, 2fi2, 4C01, 065, 874
207, 666828, 861579, 306
6, 633, 025
$111, 831, 330I 1, 071, 776! 1, 423, 213
8,361,55224, 755, 289
4, 525, 949602, 741305,710
2, 504,1233, 633, 559
13, 206, 018
Total I 47, 599,131 431, 266, 388 | 73, 243, 275 j 172, 221, 260
LIABILITIES.
Capital stock ! 9, 217, 431CirculationSurplus fund . . . .Undivided profitsDividends unpaidDepositsDue to banksOther liabilities..
25, 902607, 673
1, 481, 20711, 879
35, 303, 971697, 404253, 664
Total j 47, 599,131
55, 059, 0608, 308
19,135,27913, 618, 776
63, 086311,065,988
15,217,73217, 098,159
25, 948, 95163, 919
486, 080822. 559355, 879373, 935437, 597754, 355
33, 323, 757
431,266,388 73,243,275
9, 407, 2512, 039, 729
81, 388114, 3134, 812
7, 571, 4315, 442, 892
172, 221, 260
$50, 419, 20817, 269
" 1,820," 953"8, 819, 7503,186, 5891, 934. 992
10,426493
11,126, 717285, 993
$489, 423,169I 1, 485, 917! 28, 371, 206
62, 395, 05982, 521, 39024, 632, 60314, 814, 7651, 432, 935
26, 067, 59431, 255, 78939, 552, 017
77,622,390 | 801,952,444
28,137, 641
9, 729, 276120, 465
94534, 626, 583
4, 224,182783, 298
151,686,84098,129
41,365,55920, 082, 736
513,177532, 725, 289
30,148, 34625, 332, 368
77, 622, 390 801, 952, 444
Resources and liabilities of savings banks organized under State laws at various dates.
Resources and liabilities.
RESOURCES. I
Loans on real estate |Loans on personal and collateral security :United States bondsState, municipal, and other bonds and
stocksRailroad bonds and stocksBank stockReal estateOther assets •ExpensesDue froni banksCash
1885.'I, 1884.
54 banks. 68 banks.
$5, 438, 608 $16, 785, 9544,608,680 9.182,9524,739,840 j 552,384
10,912,5914, 363, 3821, 583, 5371,124, 0881, 579, 049
751, £
9,070,9107, 968, 5441, 752, 463
770, 901210,175
884, 529136, 720
Totals 35,101,644 j 47,315,532
Vermont,June 30,
1885.
18 banks.
$6, 639, 9331, 662,424
1, 927, 440
163,537163,856320, 543
550, 29185,114
Massachu-setts,
October 31,1884.
168 banks.
$98, 979, 28374, 952, 75414, 553, 600
25,956,71313,808,17325, 874, 035
6, 562, 4743,159,313
9, 488, 994581, 579
11,782,968 ! 273,916,918
LIABILITIES.Deposits I 32, 913, 835Surplus fund J 1, 200, 405Undivided profits | 887,170Other liabilities j 100, 234
Totals .
43, 827, 3561, 950. 9541, 515, 443
21,779
11, 218, 285 I 262, 720,147237,464 j 5,692,504312,446 ! 5,247,371
14,773 I 256,896
Rhode Isl-and,
November18, 1884.
38 banks .
$19, 601,1889, 722, 3673, 803, 500
6,189, 0296,138, 7502, 594, 3493,417,271
339, 556
733,193963, 827 ,
53, 503, 030
51, 079,161
2, 413, 68110,188
35,101, 644 i 47, 315, 532 11, 782, 968 | 27J, 916, 918 | 53, 503, 030
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REPORT OF THE COMPTROLLER OF THE CURRENCY. 179
Resources and liabilities of savings banks organized under State laws, $c.—Continued.
Resources and liabilities.
RESOURCES.
Loans on real estateLoans on personal and collat-
eral securitvUnited States bondsState, municipal, and other
bonds and stocksRailroad bonds and stocksBank stock .Real estateOther assets _ExpensesDue from banksCash
Totals
LIABILITIES.
DepositsSurplus fundUndivided profitsOther liabilities
Totals. -„
Resources and liabilities.
RESOURCES.
Loans on real estateLoans on personal and collat-
eral securityUnited States bondsState, municipal, and other
bonds and stocksRailroad bonds and stocksBank stockReal estateOther assets ~»ExpensesDue from banksCash
Total ...
LIABILITIES.
Deposits . . .Surplus fundUndivided profi tsOther liabilities
Total „
Connecticut,Oct. 1, 1884.
84 banks.
$39, 202, 431
10,443,4483, 986, 556
13, 532, 80513, 720, 9756 224 9604, 967, 264
599, 967
2,462,711484, 040
95, 625,157
90, 614, 6232 973 2241 352 813
684, 497
95, 625,157
District ofColumbia,
Oct. 1,1885.
1 bank.
$181, 470
184, 08670, 000
233, 500
30, 59622,1882 131
54516, 101
740, 617
731, 733
8,884
740, 617
New York,Jan. 1, 1885.
126 banks.
$141, 944, 250
6, 402, 850134, 628, 660
128, 211, 340
8,116,81351, 327, 579
• 29, 406 7255, 889, 279
505, 927,496
437,107, 50168 669 001
150, 994
505, 927, 496
Ohio,Apr. 4, 1885.
4 banks.
$3, 677, 303
1, 315,1131, 925, 000
6,147, 226
101,14319, 38912 8%
481,358140, 903
13, 820, 330
12, 605, 0081, 000, 000
215, 035287
13, 820, 330
New Jersey,Jan. 1,1885.
30 banks.
$8, 482, 062
1, 226, 91010, 040, 519
3, 398, 059
931,118759; 957
749 222297, 044
25, 884, 891
24, 017, 9171 674 104
192, 870
25, 884, 891
Indiana,Nov. 1,1884.
6 banks.
$1, 826, 264
103 000
97, 547
3 000104, 724
7,4924 246
101,192112, 291
2, 359, 756
2,171, 009136,14052, 607
2, 359, 756
Pennsyl-
4 banks.
$4, 598, 312
6, 290, 9786, 767, 332
5, 757, 48112, 587, 566
830, 387
105, 4443 236
2, 066, 581
39, 007, 317
35, 362, 6602 551 612
989 045104, 000
39, 007, 317
Minnesota,June 30,1885.
6 banks.
$1, 859, 056
642,139
267, 075
25, 93943, 29641 920
487, 373137, 092
3, 503, 890
3,195, 92640, 317
111 864*155, 783
3, 503, 890
Maryland,July 1, 1885.
18 banks.
$3, 833, 853
10, 540,477
2, 635, 016998, 099264, 722658, 091
9, 732, 825
28, 663, 083
28, 663, 083
28, 663, 083
California,July 1,1885.
21 banks.
$36, 903, 961
7,082, 201
14, 656, 518
4, 370,145323, 975
775, 6451, 760, 624
65, 873, 069
58, 943, 9032, 521, 590
t4, 407, 576
65, 873, 069
* Includes $150,000 capital stock. t Includes $3,851,437 capital stock.
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180 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Aggregate resources and liabilities of savings banks from 1881 to 1885.
Resources and liabilities.
RESOURCES.
Loans on real estateLoans on personal and collat-
eral securityUnited States bondsState, municipal, and other
bonds and stocksRailroad bonds and stocks . . .Bank stockReal estateOther assetsExpensesDue from banks.Cash
Totals
LIABILITIES.
DepositsSurplus fandUndivided profitsOther liabilities
Total
1880- '81.
629 banks.
$307, 096,158
95, 817, 641210, 845, 514
159, 819, 94227, 069, 04833, 249, 20341, 987, 67437, 408,163
135, 57240, 603, 64113, 758,106
1881-'82.
629 banks.
$307, 089, 227
128, 483, 698237, 786, 442
206, 291, 27432, 994, 57835, 365, 71739, 882, 42911, 047, 346
132, 20438, 977,13514, 932, 015
$328,197, 858
155, 874, 522219, 017, 313
190, 629, 91541, 695, 70136, 587, 81737, 224, 60153, 235, 771
144, 22343,184, 62912, 998, 594
967, 790, 662 jl, 052, 982, 065 1,118, 790, 944
1882-'83.
630 banks.
1883-'84. 1884-'85.
636 banks. 646 banks.
$358, 686, 040
141, 457, 111196, 226, 202
222, 218, 00650, 994, 57937, 929, 75434, 467, 27669,166, 584
156, 94452, 358, 97114, 079, 452
1,177, 740, 919
89160
961289
142905
10, 325, 8005 213, 815
966, 797, 081 1, 024, 856, 787 jl, 073, 294, 95569, 454, 51211,136, 2195, 594, 253
72, 784,15515, 738, 2235, 411, 779
967, 790, 662 |l, 052, 982, 065 1,118, 790, 944
82, 395, 71716, 904, 7535,145, 494
$389, 953, 928
133, 716, 902191, 980, 698
228, 993, 25059, 585,48938, 460, 60332,174, 81068, 445, 304
166, 63646,125,01413, 423, 064
1, 203, 025, 698
1, 095,172,14788, 647, 31513,106, 3596, 099, 877
1,177, 740, 919 1, 203, 025, 698
Table, by States, of the aggregate deposits of savings banks, with the number of their deposi-tors and the average amount due to each in 1884 and 1885.
States.
!MaineNew HampshireVermont . . . . . . . . .MassachusettsRhode IslandConnecticutNew YorkNew JerseyPennsylvaniaMarylandDistrict of ColumbiaOhioIndiana'MinnesotaCalifornia
Total
Number ofdepositors.
101, 822117, 317
38, 574806, 010120, 4*2246, 652
1,147, 58898,760
130, 3«1*77, 212
6,18034, 553*9, 131
*80, 489
3, 015,151
1883-'84.
Amount ofdeposits.
$31, 371, 86942, 091, 59711, 061, 056
252, 607, 59350,127, 80688, 098, 384
431, 080, 01029, 323, 42834, 031,15428, 336, 934
622, 30412, 969, 6662,108, 428
59, 464, 726
1, 073, 294, 955
Averageto each
depositor.
$308 10358 77286 75313 40416 07357 18375 64296 92261 01367 00100 70375 33230 91
738 79
355 96
1884-'85.
Number ofdepositors.
105, 680121,216
39, 284826, 008115, 752252, 245
1,165,17487, 356
135, 953*78,101
6,73534, 836*9, 40211,753
*82, 000
3, 071, 495
Amount ofdeposits.
$32,913,83543, 827, 35611, 218, 285
262, 720,14751, 079,16190, 614, 623
437,107, 50124,017,91735, 362, 66028, 663, 083
731, 73312, 605, 0082,171, 0093,195, 926
58, 943, 903
1, 095,172,147
Averageto each
depositor.
$311 44361 56285 57318 06441 29359 23375 14274 94260 11367 00108 64361 84230 91271 92718 83
356 5$
* Estimated.
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REPORT OF THE COMPTROLLER OF THE CUREENCY. 181
/Statement showing the amount of national bank and of legal-tender notes outstanding onJune 20, 1874, January 14,1875, May 31, 1878, and November 1, 1885, and the increaseor decrease in each.
NATIONAL-BANK NOTES.
Amount outstanding June 20,1874 ! $349, 894,182Amount outstanding January 14, 1875 : 351, 861, 450Amount outstanding May 31,1878 j 322, 555, 96oAmount outstanding November 1, 1885* j 315, 462, 899Decrease in circulation during the last month • 1, 559, 905Decrease in circulation since November 1, 1884 { 17, 562, 835
LEGAL-TENDER NOTES.
Amount outstanding June 20, 1874 j 382, 000, 000Amount outstanding January 14, 1875 382, 000, 000Amount retired under act of'January 14, 1875, to May 31,1878 | 35, 318, 984Amount outstanding on and since May 31,1878 ! 346, 681, 016Amount on deposit with the Treasurer U. S. to redeem notes of insolvent and liquidat- \
ing bants, and banks retiring circulation under act of June 20,1874 j 39,158, 710Decrease in deposit during the last month I 715, 433Decrease in deposit since November 1,1884 | 2,097, 374
* The notes of national gold banks located in the State of California, amounting to $384,269. not in-cluded.
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AGGREGATE RESOURCES AND LIABILITIES
THE NATIONAL BANKS
OCTOBER, 1808, TO OCTOBER, 1885.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
184 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Aggregate resources and liabilities of the National
1863.
Resources.
TJ S bonds and. securities
Due from nat'l and other b'ks .Real estate furniture &c
JANUARY. APRIL.
Current expenses . . . jPremiums paid I
Checks and other cash items.Bills of nat'l and other banks.Specie and other lawful mon 'y
Total
JULY.
•
OCTOBER 5.
1
66 banks.
$5. 466, 088 335, 662, 600 00
106, 009 12
2, 625, 597 05177,565 69
53 808 922, 503 69
492 138 58764, 725 00
1,446.607 62
16, 797, 644 00
1864.
Loans and discountsTJ. S. bonds and securitiesOther items
Due from national banks ...Due from other- b'ks andb'k'rsReal estate, furniture, &cCurrent expenses
Checks and other cash items.Bills of nafland otherbanksSpecie and other lawful mon'y
Total
JANUARY 4.
139 banks .
$10, 666, 095 6015,112,250 00
74,571 48
*4, 786, 124 58381, 144 00118, 854 43
577, 507 921 895, 521 00
5, 018, 622 57
37, 630, 691 58
APRIL 4.
307 banks .
$31,593,943 4341,175,150 00
432, 059 95
4, 699, 479 568,537,908,94
755, 696 41352, 720 77
2, 651, 916 961, 660, 000 00
22, 961, 411 64
114, 820, 287 66
JULY 4.
467 banks .
$70, 746, 513 3392, 530, 500 00
842,017 73
15, 935, 730 1317, 337, 558 66
1, 694, 049 46502, 341 31
5, 057,122 905, 344,172 00
42, 283, 798 23
252, 273, 803 75
OCTOBER 3.
508 banks .
$93, 238, 657 92108, 064, 400 00
1, 434, 739 76
19, 965, 720 4714, 051, 396 312, 202, 318 201, 021, 569 02
7, 640,169 144, 687, 727 00
44, 801, 497, 48
297,108,195 30
1§65.
IJANUARY 2. j APRIL 3.
638 banks . 907 banks.
Loans and discountsTJ. S. bonds and securitiesOther items
Due from national banks . - -Due from other b'ks and b'k'rsReal estate, furniture, &c .Current expensesPremiums paid
Checks and other cash itemsBills of nat'l and otherbanksSpecieLegal tenders and fract'l cur'y
Total
$166,448,718 00176, 578, 750 00
3, 294, 883 27
•30,820,175 4419, 836, 072 834, 083, 226 121,053,725 341, 323, 023 56
17, 837, 496 7714, 275,153 004, 481, 937 68
72, 535, 504 67
$252, 404, 208 07277, 619, 900 00
4, 275, 769 51
40, 963, 243 4722, 554, 636 576, 525,118 802, 298, 025 651, 823, 291 84
29, 681, 394 1313, 710, 370 00
6, 659, 660 47112, 999, 320 59
512, 568, 666 68 \ 771, 514, 939 10
1,294 banks .
$362, 442, 743 08391, 744, 850 00
12,569,120 38
76, 977, 539 5926,078,028 0111, 231, 257 28
2, 338, 775 562,243,210 31
41,314,904 5021, 651, 826 00
9, 437, 060 40Ib8, 426,166 55
OCTOBER 2.
1,513 banks .
1,126, 455, 481 66
$487,170,136 29427,731,300 00
19, 048, 513 15
89, 978, 980 5517, 393, 232 2514, 703, 281 77' 4, 539, 525 112,585,501 06
72, 309, 854 4416, 247, 241 0018, 072, 012 59
189, 988, 496 28
1, 359, 768, 074 49
" Including amount due from national banks.
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EEPORT OF THE COMPTROLLER OF THE CURRENCY.
Banks from October, 1863, to October, 1885.
1 8 6 3 .
185
Liabilities.
Individual and other deposits.Due to nat'l and other banks*.Other items
Total
JANUARY. APRIL. JULY. OCTOBER 5.
66 b a n k s .
$7,188, 393 00
128, 030 068. 497, 681 84
'981,178 592, 360 51
16, 797, 644 00
1 8 6 4 .
Capital stock
Surplus fundUndivided profits
National b'knotes outstandingIndividual and other deposits.Due to nail and other banks*.Other items
Total
JANUARY 4.
139 b a n k s .
$14, 740, 522 00
432, 827 81
30,155 0019,450,492 532,153, 779 38
822, 914 86
37, 630, 691 58
APRIL 4.
307 b a n k s .
$42, 204, 474 00
1, 625, 656 87
9, 797, 975 0051, 274. 914 01
6, 814, 930 403,102, 337 38
114, 820, 287 66
JULY 4.
467 b a n k s .
$75, 213, 945 00
1,129.910 223, 094, 330 11
25, 825, 665 00119,414.239 0327, 382, 006 37
213, 708 02
252, 273, 803 75
OCTOBER 3.
508 b a n k s .
$86, 782, 802 00
2, 010, 286 105, 982, 392 22
45, 260, 504 00122,166, 536 4034, 802, 384 81
43, 289 77
297,108,195 30
1 § 6 5 .
Capital stock
Surplus fundUndivided profits
Nationalb'k notesoutstanding
Individual and other deposits.United States deposits
Due to national banksDue to other b'ks and ban kers*
Other items
Total
JANUARY 2.
638 b a n k s .
$135, 618, 874 00
8. 663, 311 2212.283,812 65
66. 769, 375 00
183, 479, 636 9837, 764, 729 77
30, 619,175 5737,104,130 62
265, 620 87
512 568, 666 68
APRIL 3.
907 b a n k s .
$215, 326, 023 00
17, 318, 942 6517,809,307 14
98; 896, 468 00
202. 961, 473 1357, 630,141 01
41,301,031 16:>9, 692, 581 64
578, 951 37
771, 514, 939 10
JULY 3.
1,294 b a n k s .
$325, 834, 558 00
31. 303, 565 6423,159, 408 17
131. 452,158 00
398, 357, 559 5958, 032, 720 67
78, 261, 045 6479,591,594 93
462, 871 02
1,126, 455, 481 66
OCTOBER 2.
1,513 b a n k s .
$393,157, 206 00
38, 713, 380 7232,350.278 19
171, 321, 903 00
500, 910, 873 2248,170,381 31
90, 044, 837 0884,155,161 27
944, 053 70
1, 359, 768, 074 49
* Including State bank circulation outstanding.
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186 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Aggregate resources and liabilities of the National
1866.
Resources.
Loans and discountsU.S.b'ds dep'd to secure circ'nOtherU.S.b'ds and securities.Oth'r stocks, b'ds, and mortg'sDue from national banksDue from other b'ks and b'k'rsReal estate, furniture, &c...Current expensesPremiums paidChecks and other cash items.Billsof national and other b'ksSpecieLegal tenders and fract'l cur'y
Total
JANUARY 1.
1,582 banks.
$500,650,109 19298, 376, 850 00142, 003, 500 0017,483, 753 18
93, 254, 551 0214, 658, 229 8715, 436, 296 163,193,717 782, 423, 918 02
89, 837, 684 5020, 406,442 0019, 205, 018 75
187, 846, 548 82
1,404,776,619 29
APRIL 2.
1,612 banks.
$528. 080, 526 70315, 850, 300 00125, 625, 750 00
17, 379, 738 92
87, 564, 329 71] 3, 682,345 1215, 895, 504 464, 927, 599 792, 233, 516 31
105, 490, 619 3618, 279, 816 0017, 529, 778 42
189, 867, 852 52
1,442,407, 737 31
JULY 2.
1,634 banks.
$550, 353, 094 17326,483,350 00121,152,950 00
17, 565, 911 46
96, 696, 482 6613, 982, 613 2316, 730, 923 623.032,716 272, 398, 872 26
96, 077,134 5317,-866, 742 0012, 629, 376 30
201, 425, 041 63
1,476, 395, 208 13
OCTOBER 1.
1,644 banks.
$603, 314, 704 83331, 843, 200 00
94, 974, 650 0015, 887, 490 06
107, 650,174 1815,211,117 1617,134, 002 585, 311, 253 352, 493, 773 47
103, 684, 249 2117, 437, 779 00
9, 226, 831 82205, 793, 578 76
1, 526, 962, 804 42
Loans and discountsTJ.S.b'ds dep'd to secure circ'nU.S. b'ds dep'd to sec're dep'tsU.S. b'ds and sec'ties on hand.Oth'r stocks, b'ds,and mortg's
Due from national banks .Due from other b'ks and b'k'rsReal estate, furniture, &cCurrent expensesPremiums paid
Checks and other cash items.Bills of national banksBills of other banksSpecieLegal tenders and fract'l our'yCompound interest notes
Total
JANUARY 7.
1,648 banks.
$608, 771, 799 6J.339, 570, 700 0036,185, 950 0052, 949, 300 0015, 073, 737 45
92, 552, 20(5 2912, 996,157 4918,925,315 51
2, 822, 675 182, 860, 398 85
101, 430, 220 1819, 263, 718 001,176,142 00
19, 72(5, 043 20104, 872, 871 6482, 047, 250 00
1,511, 222, 985 40
A P R I L 1.
1,642 banks .
$597, 648, 286 53338, 868, 650 00
38, 46a, 800 0046, 689, 400 0020,194, 875 21
94, 121,186 2110, 737, 392 9019, 625, 893 81
5, 698, 784 173,411,325 56
87,951,405 1312, 873, 785 00
825, 748 0011, 444, 529 1592, 861, 254 1784, 065, 790 00
1, 465, 451,105 84
JULY 1.
1,636 banks .
$588,450,396 12337, 684, 250 0038, 368, 950 0045, G33, 700 0021, 452, 615 43
92, 308, 911 879, 668, 322 82
19, 800, 905 863,249,153 313, 388, GOO 37
128,312,177 7916,138, 769 00
531, 267 0011,128, 672 98
102, 534, 613 4675,488,220 00
1,494, 084, 526 01
OCTOBER 7.
1,642 banks .
$609, 675, 214 61338, 640, 150 0037, 862,100 0042, 460, hOO 0021, 50V, 881 42
95,217,610 148, 389, 226 47
20, 639, 708 235, 297, 494 132, 764,186 35
134, 603, 231 5111, 841,104 00
333, 209 0012, 798, 044 40
100, 550, 849 9156, 888, 250 00
1, 499, 469, 060 17
1 8 6 8 .
Loans and discountsU. S.b'dsdep'dtosecurecirc'nU. S.b'dsdep'd to sec're dep'tsU.S. b'dsandsec'tiesonhand.Oth'rstocks, b'ds, and mortg'sDue from national banksDue from other b'ks and b'k'rsReal estate, furniture, &c.. -Curreut expensesPremiums paidChecks and other cash items.Bills of national banksBills of other banksFractional currencySpecieLegal-tender notesCompound interest notesThree per cent, certificates...
Total
JANUARY 6.
1,642 banks.
$616, 603, 479 89339, 0G4, 200 00
37, 315, 750 0044, 164, 500 0019, 365, 864 77
99, 311,446 608, 480,199 74
21,125, 665 682, 986, 893 862, 464, 536 96
109, 390, 266 3716, 655, 572 00
261, 269 001, 927, 876 78
20,981,601 45114,806,491 0039, 997, 030 008, 245, 000 00
1, 502, 647, 644 10
APRIL 6.
1,643 banks .
$628, 029, 347 65339, 686, 650 00
37, 446, 000 0045, 958, 550 0019, 874, 384 33
95, 900, 606 357, 074, 297 44
22, 082, 570 255,428, 460 252, 660,106 09
114, 993, 036 2312, 573, 514 00
196,106 001, 825, 640 16
18, 373, 943 2284, 390, 219 0038, 917, 490 0024, 255, 000 00
1,499, 668, 920 97
JULY 6.
1,640 banks.
$655, 729, 546 42339, 569,100 00
37, 853,150 0043, 068, 350 0020, 007, 327 42
114, 434, 097 938, 642, 456 72
22, 699, 829 702, 938, 519 042,432, 074 37
124, 076, 097 7113, 210,179 00
342, 550 001, 863, 358 91
20, 755, 919 04100,16G, 100 00
19, 473, 420 0044, 905, 000 00
1, 572,167, 076 26
OCTOBER 5.
1,643 banks .
$657, 668, 847 83340, 487, 050 00
37, 360,150 0036, 817, 600 0020, 693, 406 40
102,278, 547 777, 848, 822 24
22, 747, 875 185, 278, 911 221, 819, 815 50
143, 241, 394 9911, 842, 974 00
222, 668 002, 262, 791 97
13, 003, 713 3992, 453, 475 00
4, 513, 730 0059, 080, 000 00
1, 559, 621, 773 49
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 187
Banks from October, 1863, to October 1 1885.—Continued.
1S66.
Liabilities.
Capital stock
Surplus fundUndivided profitsNational b'knotesoutstandingState bank notes outstanding.
Individual depositsU. S. depositsDep'tsofU.S.disb'sing officers
Due to national banksDue to other b'ks and bankers.
Total
JANUARY 1.
1,582 b a n k s .
$403, 357, 346 00
43,000,370 7828, 972, 493 70
213, 239, 530 0045, 449,155 00
522, 507, 829 2729, 747, 236 15
94,709,074 1523, 793, 584 24
APRIL 2.
1,612 b a n k s .
$409, 273, 534 00
44, 687, 810 5430, 964, 422 73
248, 886, 282 0033, 800, 865 00
534, 734, 950 3329,150, 729 82
89, 067, 501 5421,841,641 35
1,404,776,619 29 j 1,442,407,737 31
JULY 2.
1,634 b a n k s .
$414, 270, 493 00
50,151, 991 7729, 286,175 45
267, 798, 678 0019, 996,163 00
533, 338,174 2536, 038,185 03
3, 066, 892 22
96, 496, 726 4225,951,728 99
1, 476, 395, 208 13
OCTOBER 1.
1,644 b a n k s .
$415, 472, 369 00
53, 359, 277 6432, 593, 486 69
280, 253, 818 009, 748, 025 00
564, 616, 777 6430, 420, 819 80
2, 979, 955 77
110,531,957 3126, 986, 317 57
1, 526, 962, 804 42
1867.
Capital stock
Surplus fundUndivided profits
Nationalb'knotesoutstandingState bank notes outstanding.
Individual depositsU. S. depositsDep's of U. S. disb'sing officers
Due to national banksDue to other b'ks and bankers
Total
JANUARY 7.
1,648 b a n k s .
$420, 229, 739 00
59, 992, 874 5726, 961, 382 60
291, 436, 749 006, 961, 499 00
558, 699, 768 0627, 284, 876 93
2, 477, 509 48
92,761,998 4324, 416, 588 33
1, 511, 222, 985 40
APRIL 1.
1,642 b a n k s .
$41-9, 399,484 00
60, 206, 013 5831,131, 034 39
292, 788, 572 005, 460, 312 00
512, 046,182 4727, 473, 005 662,650,981 39
91,156, 890 8923,138,629 46
1,465, 451,105 84
JULY 1.
1,636 b a n k s .
$418, 558,148 00
63, 232, 811 1230, 656, 222 84
291, 769, 553 004, 484,112 00
539, 599, 076 #)29, 838, 391 53
3, 474,192 74
89, 821, 751 6022, 659, 267 08
1,494, 084, 526 01
OCTOBER 7.
1,642 b a n k s .
$420, 073, 415 00
66, 695, 587 0133, 751, 446 21
293, 887, 941 004, 092,153 00
540, 797, 837 5123, 062,119 924, 352, 379 43
93, 111, 240 8919, 644, 940 20
1,499, 469, 060 17
1 § 6 § .
Capital stock
Surplus fundUndivided profits
Kationalb'k notes outstandingState bank notes outstanding.
Individual depositsU. S. depositsDep't&of U.S. disb'sing officers
Due to national banksDue to other b'ks and bankers
Total
JANUARY 6.
1,642 b a n k s .
$420, 260, 790 00
70, 586,125 7031, 399, 877 57
294, 377, 390 003, 792, 013 00
534, 704, 709 0024, 305, 638 02
3, 208, 783 03
98,144, 669 6121, 867,648 17
APRIL 6.
1,04:5 b a n k s .
$420, 676, 210 00
72, 349,119 6032,861,597 08
295, 336, 044 003, 310,177 00
532, 011, 480 3622, 750, :!42 774, 976, 683 31
94, 073, 631 2521,323, 636 60
1, 502, 647, 644 10 1 1,499, 668,920 97
I
JULY 6.
1,(540 banks .
$420,105, 011 00
75,840, 118 9433, 543, 223 35
294, 908, 264 003,163, 771 00
575, 842, 070 1224, 603, 676 96
3, 499, 389 99
113, 306, 346 3427,355, 204 56
1, 572,167, 076 26
OCTOBER 5.
1,643 banks .
$420, 634, 511 00
77, 995, 761 4036, 095, 883 98
295, 769, 489 002, 906, 352 00
580, 940, 820 8517,573,250 644, 570, 478 16
99, 414, 397 2823, 720, 829 18
1,559,621,773 49
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
188 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Aggregate resources and liabilities of the National
1S69.
Resources.
Loans and discountsTJ. S. bonds to secure circ'lat'nTJ. S. bonds to secure deposits.U. S.b'dsandsec'tiesonhand.Oth'r stocks, b'ds, andmortg'sDue from redeeming agents..Due from othernational banksDue from State b'ks andb'k'rsReal estate, furniture, &cCurrent expensesPremiums paidChecks and other cash items.Bills of other national banks.Fractional currencySpecieLegal-tender notesThree per cent certificates..
Total
JANUARY 4.
1,628 banks.
$644, 945, 039 53338, 539, 950 00
34,538,350 0035,010,600 0020,127, 732 96
65, 727, 070 8036, 067, 316 847,715, 719 34
23, 289, 838 283, 265, 990 811,654, 352 70
142,605,984 9214, 684, 799 002, 280, 471 06
29, 626, 750 2688, 239, 300 0052, 075, 000 00
J, 540, 394, 266 50
APRIL 17.
1,620 banks.
$662,084,813 47338, 379, 250 0029,721,350 0030,226,550 0020, 074, 435 69
• 57, 554, 382 55, 30, 520, 527 89
8, 075, 595 6023,798, 188 135,641,195 011,716,210 13
154,137,191 2311, 725, 239 002, 088, 545 189, 944, 532 15
80, 875,161 0051,190,000 00
1, 517, 753,167 03
JUNE 12.
1,619 banks.
$686, 347, 755 81338, 699, 750 0027, 625, 350 0027,476, 650 0020, 777, 560 53
62, 912, 636 8235, 556, 504 539,140, 919 24
23, 859, 271 175, 820, 577 871, 809, 070 01
161, 614, 852 6611, 524, 447 001, 804, 855 53
18, 455, 090 4880, 934,119 0049, 815, 000 00
1,564,174,410 65
OCTOBER 9.
1,617 banks .
$682,883,106 97339,480,100 00
18, 704,000 0025, 903,950 0022, 250, 697 14
56, 669, 562 8435, 393, 563 478, 790, 418 57
25,169,188 955, 646, 382 962, 092, 364 85
108, 809, 817 3710, 776, 023 00
2, 090, 727 3823, 002, 405 8383, 719, 295 0045, 845, 000 00
1,497, 226, 604 33
Loans and discounts .Bonds for cireul ation.Bonds for deposits . .U. S. bonds on hand .Other stocks and b 'ds
Due from red 'gag 'ntsDue from nat ' l banksDue from State banksReal estate, &cCurrent expensesPremiums paid
Cash items . . .Clear'g-house exch'gsNational banknotes .Fractional currency .SpecieLegal-tender notes . .Three per cent, cert 'fs
Total
JANUARY 22.
1,615 banks.
$688, 875, 203 70339, 350, 750 00
17,592,000 0024, 677,100 0021, 082,412 00
71, 641,486 0531,994, 609 269, 319, 560 54
26, 002, 713 013, 469, 588 002,439, 591 41
111,624,822 00
15, 840, 669 002,476, 966 75
48, 345, 383 7287, 708, 502 0043, 820, 000 00
1,546,261,357 44
MARCH 24.
1,615 banks.
$710,848,609 39339, 251, 350 0016,102, 000 0027, 292,150 0020, 524,294 55
73,435,117 9829, 510, 688 1110, 238,219 8526, 330, 701 24
6,683,189 542, 680,882 39
11,267,703 1275, 317,992 2214,226,817 00
2, 285,499 0237, 096, 543 4482,485, 978 0043, 570,000 00
1,529,147,735 85
JUNE 9.
1,612 banks .
$719,341,186 06338, 845, 200 0015, 704, 000 0028, 276, 600 0023, 300, 681 87
74, 635, 405 6136,128, 750 6610,430,781 3226, 593, 357 00
6, 324, 955 473, 076, 456 74
11,497, 534 1383,936,515 6416, 342, 582 002,184, 714 39
31,099,437 7894,573,751 0043,465, 000 00
1,565,756,909 67
OCTOBER 8.
1,615 banks.
$715, 928, 079 81340, 857,450 00
15, 381, 500 0022, 323,800 0023, 614, 721 25
66, 275, 668 9233, 948, 805 659, 202, 496 71
27, 470, 746 975, 871, 750 022, 491, 222 11
12, 536, 613 5779, 089, (588 3912,512,927 00
2, 078,178 0518,460,011 4779, 324, 577 0043, 345, 000 00
1,510,713,236 92
DECEMBER 28.
1,648 banks .
$725, 515, 538 49344,104, 200 0015,189, 500 0023, 893, 300 0022, 686, 358 59
64, 805, 062 8837, 478,166 499, 824,144 18
28, 021, 637 446, 905 073 323, 251, 648 72
13, 229,403 3476, 208, 707 0017,001,846 002,150, 522 89
26,307,251 5980, 580, 745 0041,845, 000 00
1,538,998,105 93
Loans and discounts.Bonds for circulationBonds for deposits . .TJ. S. bonds on hand .Other stocks and b'dsDue from red'g ag'ntsDue from nat'l banksDue from StatebanksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsNational bank notes .Fractional currency.SpecieLegal-tender notes ..Threepercent. cert'fs
Total
MARCH 18.
1,688 banks.
$767,858,490 59351, 556, 700 00
15, 231, 500 0023, 911, 350 0022, 763, 869 20
83, 809,188 9230,201,119 9P10, 271, 605 3428, 805, 814 796, 694, 014 173, 939, 995 20
11, 642, 644 74100,693,917 5413,137, 006 002,103, 298 16
25, 769,166 6491,072,349 0037, 570, 000 00
1,627,032,030 28
1 § 7
APRIL 29.
1,707 banks.
$779,321,828 11354, 427, 200 00
15, 236, 500 0022, 487, 950 0022, 414, 659 05
85,061,016 3138, 332, 679 74
,11, 478,174 7129, 242,762 796, 764,159 734, 414,755 40
12, 749, 289 84130, 855, 698 1516,632,323 00
2, 135, 763 0922, 732, 027 02
106, 219,126 0033, 935, 000 00
1 .JUNE 10.
1,723 banks.
$789, 416, 568 13357, 388, 950 0015, 250, 500 0024, 200, 300 0023,132, 871 05
92, 369, 246 7139, 636, 579 3511, 853, 308 6029, 637, 999 306, 295, 099 465, 026, 385 97
13,101,497 95102, 091, 311 75
19,101, 389 002,160,713 22
19,924,955 16122,137, 660 00
30, 690, 000 00
1,694,440,912 94 1,703,4,15,335 65
OCTOBER 2.
1,767 banks.
$831, 552,210 00364,475, 800 00
28, 087, 500 0017,753, 650 0024, 517, 059 35
86, 878, 608 8443, 525, 362 0512, 772, 669 8330,089,783 856,153, 370 295, 500, 890 17
14, 058, 268 86101, 165, 854 5214,197, 653 00
2, 095, 485 7913, 252, 998 17
109, 414,735 0025,075,000 00
1,730,566,899 72
DECEMBER 16.
1,790 banks .
$818, 996, 311 74366, 840, 200 0023,155,150 0017, 675, 500 0023, 061,184 20
77,985,600 5343, 313, 344 7813, 069, 301 4030, 070, 330 57
7, 330, 424 125, 956, 073 74
13,784,424 76114, 538, 539 93
13, 085,904 002, 061, 600 89
29, 595, 299 5693, 942, 707 0021, 400, 000 00
1,715,861,897 22
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 189
BanTcsfrorn October, 1863, to October, 1885—Continued.
l § 6 9 .
Liabilities.
Capital stock
Surplus fundUndivided profitsNat'l bank notes outstanding .State bank notes outstanding
Individual depositsTJ. S. depositsDep'tslT.S.disbursingofficers.Due to national banksDue to State banks and b'k'rs.
Notes and bills re-discounted .
Total
JANUARY 4.
1,628 b a n k s .
$419, 040, 931 00
81,169, 936 5235, 318, 273 71
294, 476, 702 002, 734. 669 00
568, 530, 934 1113,211,850 19
3, 472, 884 90
95,453,139 3326, 984, 945 74
1, 540, 394, 266 50
APRIL 17.
1,620 b a n k s .
$420,818,721 00
82,653,989 1937, 489, 314 82
292, 457, 098 002, 615, 387 00
547, 922,174 9110,114, 328 323,665,131 61
92, 662, 648 4923, 018, 610 62
2, 464, 849 811, 870, 913 26
1, 517, 753,167 03
JUNE 12.
1,619 b a n k s .
$422, 659, 260 00
82, 218, 576 4743, 812, 898 70
292, 753, 286 002, 558, 874 00
574, 307, 382 7710, 301, 907 71
2, 454, 048 99
100, 933, 910 0328,046,771 30
2, 392, 205 611, 735, 289 07
1, 564,174,410 65
OCTOBER 9.
1,617 b a n k s .
$426, 399,151 00
86,165, 334 3240, 687, 300 92
293, 593, 645 002, 454, 697 00
511, 400,196 637,112, 646 674, 516, 648 12
95, 067 892 8323, 849, 371 62
3, 839, 357 102,140, 363 12
1,497,226, 604 33
Capital stock
Surplus fundUndivided profits
Nat'l bank circulat'n.State bank circulat'n.
Dividends unpaid
Individual deposits ..U. S. deposits ... . . .Dep'tsU.S.dis.oflicers
Due to national banksDue to State banks ..
Notes re-discounted .Bills payable
Total
JANUARY 22.
1,615 b a n k s .
$426, 074, 954
90,174, 28134, 300, 430
292, 838, 9352, 351, 993
2, 299, 296
546, 236, 8816, 750,1392, 592, 001
108, 351, 30028, 904, 849
3, 842, 5421, 543, 753
1,546.261,357
00
1480
0000
27
571921
3314
3049
44
1 8MARCH 24
TO.
1,615 b a n k s .
$427, 504, 247
90, 229, 95443,109,471
292, 509,1492, 279,469
1, 483,416
516, 058, 0856,424,4214, 778, 225
109,667,71529, 767, 575
2, 462, 6472, 873, 357
1,529,147,735
00
5962
0000
15
262593
9521
4940
85
JUNE 9.
1,612 b a n k s .
$427, 235, 701
91, 689, 83442, 861, 712
291,183,6142, 222, 793
1, 517, 595
542, 261, 56310, 677, 873
2, 592, 967
115, 456, 49133, 012,162
2, 741, 8432, 302, 756
1,565,756,909
00
1259
0000
18
189254
8478
5399
67
OCTOBER 8
1,615 b a n k s .
$430, 399, 301
94, 061, 43838, 608, 618
291, 798, 6402,138, 548
2, 462, 591
501, 407, 5866, 807, 9784, 550,142
100, 348, 29229, 693, 910
3, 843, 5774, 592, 609
1,510,713,236
00
9591
0000
31
904968
4580
6776
92
DECEMBER 28.
1,648 b a n k s .
$435, 356, 004 00
94, 705, 740 3446, 056, 428 55
296, 205, 446 002, 091, 799 00
2,242, 556 49
507, 368, 618 676, 074, 407 904,155, 304 25
106, 090, 414 5329, 200, 587 29
4, 612,131 084, 838, 667 83
1,538,998,105 93
Capital stock
Undivided profits . . .
Nat'lbank circulationState bank circulation
Dividends unpaid
Individual deposits..U. S. depositsDep'tsU.S.dis.oflicers
Due to national banksDue to State banks ..
Notes re-discounted .Bills payable
Total
MARCH 18.
1,688 b a n k s .
$444, 232, 771 00
96, 862, 081 6f.43, 883, 857 64
301, 713, 460 002, 035, 800 00
1, 263, 767 70
561,190,830 416, 314, 957 814, 813, 016 66
118, 904, 865 8437, 311, 519 13
3, 256, 896 425, 248, 206 01
1,627,032,030 28
1 § 7 JI .APRIL 29. JUNE 10.
1,707 b a n k s . 1,723 b a n k s .
$446, 925, 493 00
97, 620, 099 2844, 776, 030 71
306,131,393 001, 982, 580 00
2, 235, 248 46
611, 025,174 106, 521, 572 923, 757, 873 84
128, 037,469 1736,113, 290 67
3, 573,723 025, 740, 964 77
1,694,440,912 94
$450, 330, 841 00
98, 322, 203 8045, 535, 227 79
307, 793, 880 001, 968, 058 00
1,408, 628 25
602,110, 758 166, 265, 167 944, 893, 907 25
135,167, 847 6941, 219, 802 96
3,120, 039 095, 278, 973 72
1,703,415,335 65
OCTOBER 2.
1,767 b a u k s .
$458, 255, 696 00
101,112, 671 9142, 008, 714 38
315, 519,117 001, 921, 056 00
4, 540,194 61
600, 868, 486 5520,511,93.-. 98
5, 393, 598 89
131, 730, 713 0440, 211, 971 67
3, 964, 552 574, 528,191 12
1,730,566,899 72
DECEMBER 16.
1,790 b a n k s .
$460, 225, 866 00
101, 573,153 6248, 630, 925 81
318, 265, 481 001, 886, 538 00
1, 393, 427 98
596, 586, 487 5414, 829, 525 655, 399, 108 34
118, 657, 614 1638,116, 950 67
4, 922, 455 785,374, 362 67
1,715,861,897 22
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
190 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Aggregate resources and liabilities of the National1 8 7 2 .
Resources.
Loans and discounts.Bonds for circulationBonds for deposits..17. S. bonds on hand.Other stocks and b'dsDue from red'g ag'ntsDue from nat'l banksDue from State banksReal estate, &cCurrent expenses...Premiums paidCash items . -Clea r'g-h ouse exch'gsNational-bank notesFractional currency.SpecieLegal-tender notes..TT.S.cert'fs of depositThreepercent.cert'fs
Total
FEBRUARY 27.
1,814 banks.
$839, 665, 077 91370, 924, 700 0015, 870, 000 0021, 323,150 0022. 838, 338 8089, 548, 329 9338, 282, 905 8612, 269, 822 6830, 637, 676 756, 265, 655 136, 308, 821 86
12,143, 403 1293,154, 319 7415, 552, 087 002, 278,143 24
25, 507, 825 3297, 865, 400 00
18, 980, 000 00
APRIL 19.
1,843 banks .
$844, 902, 253 49374, 428, 450 00
15,169,000 0019, 292,100 0021, 538, 914 0682,120, 017 2436, 697, 592 8112,299,716 9430, 809, 274 98
7, 026, 041 236, 544, 279 29
12, 461,171 40114,195, 966 3618,492, 832 002,143, 249 29
24,433, 899 46105,732, 455 00
15, 365, 000 00
1,719,415,657 34 1,743,652,213 55
JUNE 10.
1,853 banks .
$871, 531, 448 67377, 029, 700 0015, 409, 950 0016,458, 250 0022, 270, 610 4791, 564, 269 5339, 468, 323 3913, 014, 265 2631,123, 843 216,719,794 906, 616,174 75
13, 458, 753 8088,592,800 1616, 253, 560 002, 069, 464 12
24, 256, 644 14122, 994, 417 00
12, 005, 000 00
1,770,837,269 40
OCTOBER 3.
1,919 banks .
$877,197, 923 47382, 046, 400 00
15, 479, 750 0012,142, 550 0023, 533,151 7380,717,071 3034, 486, 593 8712, 976, 878 0132, 276, 498 176,310,428 796, 546, 818 52
14, 910, 784 34110, 086, 315 3715, 787, 296 002,151, 747 88
10, 229, 756 79105,121,104 00
6,710,000,007,140, 000 00
DECEMBER 27.
1,940 banks .
$885, 653, 449 62384, 458, 500 0016,304,750 0010, 306,100 0023,160, 557 2986, 401, 459 4442,707,613 5412, 008, 813 "5433, 014, 796 838, 454, 803 977, 097, 847 86
13, 696, 723 8590,145, 482 7219, 070, 322 002, 270, 576 32
19, 047, 336 45102, 922, 369 0012,650,000 004, 185, 000 00
1,755,857,098 24 1,773,556,532 43
1873.
Loans and discounts.Bonds for circulationBonds for deposits..IT. S. bonds on hand.Other stocks and b'dsDuefromred'g ag'ntsDue from nat'l banksDue from State banksReal estate, &cCurrent expenses . . .Premiums paidCash itemsClear'g-houseexch'gsNational bank notes.Fractional currency.SpecieLegal-tender notes..U.S.cert'fs of depositThreepercent.cert'fs
Total
FEBRUARY 28.
1,947 banks.
$913,265,189 67384, 675, 050 00>
15, 035, 000 0010,436, 950 0022, 063, 306 2095, 773, 077 1039, 483, 700 0913, 595, 679 1734, 023, 057 776,977,831 357, 205, 259 67
11, 761, 711 50131, 383, 860 9515, 998, 779 002, 289, 680 21
17,777,673 5397,141, 909 0018, 460, 000 00
1,805,000 00
1,839,152,715 21
APRIL 25.
1,962 banks.
$912, 064, 267 31386, 763, 800 00
16, 235, 000 009, 613, 550 00
22, 449,146 0488, 815, 557 8038, 671, 088 6312, 883, 353 3734,216,878 077^410, 045 877, 559, 987 67
11, 425, 209 0094,132,125 2419, 310, 202 002,198, 973 37
16, 868, 808 74100, 605, 287 0018, 370, 000 00
710, 000 00
1,800,303,280 11
JUNE 13.
1,968 banks .
$925, 557, 682 42388, 080, 300 0015, 935, 000 009, 7*9, 400 00
22, 912, 415 6397,143, 326 9443, 328, 792 2914, 073, 287 7734, 820, 562 777,154,211 697, 890, 962 14
13, 036, 482 5891, 918, 526 5920, 394, 772 002,197, 559 84
27, 950, 086 72106,381,491 0022, 365, 000 00
305,000 00
1,851,234,860 38
SEPTEMBER 12.
1,976 banks .
$944, 220,116 34388,330,400 0014, 805, 000 008, 824, 850 00
23, 709, 034 5396,134,120 6641, 413, 680 0612, 022, 873 4134, 661, 823 216, 985, 436 997, 752, 843 87
11,433, 913 2288, 926, 003 5316,103, 842 002, 302, 775 26
19, 868, 469 4592, 522, 663 0020, 610, 000 00
1,830,627,845 53
DECEMBER 26.
1,976 banks .
$856, 816, 555 05389, 384,400 0014,815,200 008, 630, 850 00
24, 358,125 0673, 032, U46 8740, 404, 757 9711,185, 253 0835, 556, 746 488, 678, 270 397, 987,107 14
12, 321, 972 8062,881,342 1621, 403,179 002, 287, 454 03
26,907,037 58108,719,506 0024, 010, 000 00
1,729,380,303 61
Loans and discountsBonds for circulationBonds for deposits..XJ. S. bonds on hand.Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from StatebanksReal estate, &cCurrent expenses - - -Premiums paidCash itemsClear'g-houseexch'gsNational bank notes.Fractional currency.SpecieLegal-tender notes..U.S.cert'fs of depositDep. with U. S. Treas
Total
FEBRUARY 27.
1,975 banks .
$897,859, 600 46389, 614, 700 0014, 600, 200 0011, 043,400 0025, 305, 736 24
101, 502, 861 5836, 624, 001 3911,496,711 4736,043,741 50
6, 998, 875 758, 741, 028 77
10, 269, 955 5062,768,119 1920, 003, 251 00
2, 309, 919 7333, 365, 863 58
102,717,563 0037,235, 000 00
1,808,500,529 16
MAYl.
1,978 banks .
$923, 347, 030 79389, 249,100 00
14, 890, 200 0010,152, 000 0025,460, 460 2094,017,603 3141,291,015 2412, 374, 391 2836, 708, 066 397, 547, 203 058, 680, 370 84
11,949,020 7194, 877, 796 5220, 673, 452 002,187,186 69
32, 569, 969 26101, 692, 930 0040,135, 000 00
1, 867,802,796 28
JUNE 26.
1,983 banks.
$926,195, 671 70390, 281, 700 00
14, 890, 200 0010,456, 900 0027, 010, 727 4897,871, 517 0645,770,715 5912, 469, 592 3337, 270, 876 517, 550,125 208, 563, 262 27
10, 496, 257 0063, 896, 271 3123, 527, 991 002, 283, 898 92
22, 326, 207 27103,108, 350 0047,780 000 00
91, 250 00
1,851,840,913 64
OCTOBER 2.
2,004 banks .
$954, 394, 791 59383, 254, 800 0014, 691, 700 0013, 313, 550 0027, 807, 826 9283, 885,126 9439, 695, 309 4711,196,611 7338,112, 926 527, 658, 738 828, 376, 659 07
12, 296, 416 7797, 383, 687 1118, 450, 013 00
2, 224, 943 1221, 240, 945 2380, 021, 946 0042, 825, 000 0020, 349, 950 15
1,877,180,942 44
DECEMBER 31.
2,027 banks .
$955, 862, 580 51382, 976, 200 0014,714,000 0015, 290, 300 0028, 313,473 1280,488, 831 4548,100, 842 6211, 655, 573 0739,190, 683 04
5, 510, 566 478, 626,112 16
14, 005, 517 33112, 995, 317 5522, 532, 336 00
2, 392, 668 7422,436,761 0482, 604, 791 0033, 670, 000 0021,043,084 36
1,902,409,638 46Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY.
Banks from October, 1863, to October, 1885—Continued.
191
Liabilities.
Capital stock
Surplus fund
Undivided profits . . .
Nat'lbank circulationStatebankcirculation
Dividends unpaid . . .
Individual deposits..U. S. depositsDep'tsU. S. dis. officers
Due to national banksDue to State banks
Notes re-discountedBills payable
FEBRUARY 27.
1,814 banks .
$464, 081, 744 00
103, 787, 082 6243, 310, 344 46
321, 634, 675 001, 830, 563 00
1,451,746 29
593, 645, 666 167,114, 893 475, 024, 699 44
128, 627, 494 4439, 025,165 44
3,818,686 916, 062, 896 91
Total jl,719,415,657 34
APRIL 19.
1, 843 banks .
$470, 543, 301 00
105,181, 943 2850, 234, 298 32
327, 092. 752 001, 700:, 935 00
1, 454, 044 06
618, 80.1, 619 496, 993, 014 775, 463, 953 48
132, 804. 924 0239, 878, 826 42
4, 745,178 225, 942, 479 34
1,743,652,213 55 jl,770:8:>7,269 40
$467, 924, 318 00
104, 312, 525 8146, 428, 590 90
325, 305, 752 001, 763, 885 00
1, 561, 914 45
620, 775, 265 786, 355, 722 953, 416, 371 16
120,755, 565 8635, 005,127 84
4, 9-25, 622 045, 821, 551 76
JUNE 10.
1, 853 banks.
OCTOBER 3.
1, 919 banks .
$479,629,174 00
110, 257, 516 4546, 623, 784 50
333, 495, 027 001, 567,143 00
3,149, 749 61
613,290,671 457, 853, 772 414, 563, 833 79
110, 047, 347 0733, 789, 083 82
5, 549, 431 886, 040, 562 66
DECEMBER 27.
1, 940 banks.
$482, 606, 252 00
111,410,248 9856, 762, 411 89
336, 289, 285 001, 511, 396 00
1, 356, 934 48
598,114, 679 267, 863, 894 935,136, 597 74
124, 218, 392 8334, 794, 963 37
6, 545, 059 786, 946, 416 17
1,755,857,098 24 jl, 773, 556, 532 43
Capital stock.
Surplus fundUndivided profits . . .
Nat'l bank circulationStatebank circulation
Dividends unpaid . . .
Individual deposits .U. S. depositsDep'tsU.S.dis.officers
Duetonational banksDue to State banks..
Notes re-discounted.Bills payable
Total
FEBRUARY 28.
1,947 banks .
$484, 551, 811 00
114, 681, 048 7348, 578, 045 28
336, 292, 459 001, 368, 271 00
1, 465, 993 60
656,187,551 617, 044, 848 345, 835, 01)6 60
134, 231, 842 9538,124, 803 85
5,117,810 505, 672, 532 75
APRIL 25.
1,962 banks .
$487, 891, 251 00
115, 805, 574 5752, 415, 348 46
338,163, 864 001, 280, 208 00
1, 462, 336 77
610, 848, 358 257, 880, 057 734, 425, 750 14
126, 631, 926 2435, 036, 433 18
5, 403, 043 387, 059,128 39.
1,839,152,715 21 11,800,303,280 11
JUNE 13.
1,968 banks.
$490,109, 801 00
110,847,454 6255, 306, 154 69
338, 788, 504 001, 224, 470 00
1,400,491 90
641,121,775 278,691,001 956, 416, 275 10
137, 856, 085 6740,741,788 47
5, 515, 900 677,215, 157 04
1,851,234,860 38
SEPTEMBER 12.
1,976 banks.
'$491, 072, 616 00
120,314,499 2054, 515, ] 31 76
339,081,799 001,188, 853 00
1,402,547 89
622, 685, 563 297, 829, 327 738, 098, 560 13
133, 672, 732 9439,298,148 14
5,987,512 36•r», 480, 554 09
1,830,627,845 53
DECEMBER 26.
1,970 banks .
$490, 266, 611 00
120, 96], 267 9158, 375,169 43
341, 320, 256 001,130, 585 00
1,269.474 74
540, 510, 602 787, 680, 375 264, 705, 593 36
114, 996, 666 5436, 598, 076 29
3,811,487 897, 754,137 41
1, 729, 380, 303 61
1814.
Capital stock
Surplus fundUndivided profits...
Nat'l bankcirculationStatebank circulation
Dividends unpaid...
Individual deposits..U.S. depositsDep'tsU. S. dis. officers
Due to national banksDue to State banks..
Notes re-discouuted..Bills payable
Total
FEBRUARY 27.
1,975 banks .
$490, 859,101 00
123, 497, 347 2050, 236, 919 88
339, 602,955 001, 078, 988 00
1, 291, 055 63
595, 350, 334 907, 276, 959 875, 034, 624 46
138, 435, 388 3948,112, 223 40
3, 448, 828 924, 275, 002 51
1,808,500,529 16
MAY 1 .
1,978 banks .
$490, 077, 001 00
125,561,081 2354, 331, 713 13
340, 267, 649 001, 049, 286 00
2, 259,129 91
649, 286 298 957, 994, 422 273, 297, 689 24
135, 640,418 2448, 683, 924 34
4, 581, 420 384, 772, 662 59
1,867,802,796 28
JUNK 26.
1,933 banks .
$491,003,711 00
126, 239, 308 4158, 332, 965 71
338, 538, 743 001, 009, 021 00
1, 242,474 81
622, 863,154 447, 322., 830 853, 238, 639 20
143, 033, 822 2550, 227, 426 18
4, 436, 256 224, 352, 560 57
1,851,840,913 64
OCTOBER 2.
2,004 banks .
$493, 765,121 00
128, 958,106 8451,484,437 32
333, 225, 298 00964, 567 00
3, 516, 276 99
669, 068, 995 887, 302,153 583, 927, 828 27
125,102,049 9350, 718, 007 87
4,197, 372 254, 950, 727 51
1,877,180,942 44
DECEMBER 31.
2,027 banks .
$495, 802, 481 00
130, 485, 641 3751, 477, 629 33
331,193,159 00860,417 00
6, 088, 845 01
682, 846, 607 457, 492, 307 783, 579, 722 94
129,188, 071 4251, 629, 602 36
6, 365, 652 975, 398, 900 83
1, 902, 409, 638 46
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
192 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Aggregate resources and liabilities of the National
1875.
Resources.
Loans and discounts.Bonds for circulationBonds for deposits..TJ. S. bonds on hand.Other stocks andb'dsDue from res've ag'tsDue fromnat'l banksDue from State banksEeal estate, &cCurrent expenses. ..Premiums paidCash itemsDlear'g-houseexch'gsBills of other banks.Fractional currency.SpecieLegal-tender notes..U. S. cert'fs of depositDue from U. S. Treas
Total
MARCH 1.
2,029 banks.
$956,485, 939 35380, 682, 650 00
14, 492, 200 0018, 062,150 0028,268,841 6989, 991,175 3444,720,394 1112, 724, 243 9739, 430, 952 127,790, 581 86.9, 000, 880 92
11, 734, 762 4281,127,796 3918, 909, 397 003, 008, 592 12
16, 667,106 1778, 508,170 0037, 200, 000 0021,007,919 76
1,869,819,753 22
MAT 1.
2,046 banks .
$971, 835, 298 74378, 026, 900 0014, 372, 200 0014, 297, 650 0029,102,197 1080, 620, 878 7546, 039, 597 5712, 094, 086 3940, 312, 285 99
7, 706, 700 428,434, 45:j 14
13,122,145 88116,970,819 05
19, 504, 640 002, 702, 326 44
10,620,361 6484, 015, 928 0038,615,000 0021, 454, 422 29
1,909,847,891 40
JUNE 30.
2,076 banks.
$972, 926, 532 14375,127, 900 00
14,147, 200 0012, 753, 000 0032, 010, 316 1889, 788, 903 7348,513,388 8611, 625, 647 1540, 969, 020 49
4, 992, 044 348, 742. 393 83
12, 433:100 4388, 924, 025 9324,261,961 00
2, 620, 504 2618, 959, 582 3087, 492, K95 0047,310,000 0019, 640, 785 52
OCTOBER 1.
2,088 banks .
$984, 691,434 40370,321, 700 00
14, 097, 200 0013, 989, 950 0033, 505, 045 1585, 701, 259 8247, 028, 769 1811, 963, 768 9042, 366, 647 657,841,213 058, 670, 091 18
12, 758, 872 0375,142, 863 4518, 528, 837 002, 595, 631 788, 050, 329 73
76, 458, 734 0048, 810, 000 0019, 686, 960 30
1,913,239,201 16 jl,882,209,307 G2
DECEMBER 17.
2,086 banks .
$962, 571, 807 70363, 618,100 00
13, 981, 500 0016, 009, 550 0031, 657, 960 5281, 462, 682 2744,831, 891 4811, 895, 551 0841,583,311 94
9, 218, 455 479,442,801 54
11, 238, 725 7267, 886, 967 0417,166,190 002, 901, 023 10
17, 070, 905 9070, 725, 077 0031, 005, 000 0019,202,256 68
1,823,469,752 44
18?6.
Loans and discounts.Bonds for circulationBonds for deposits..U. S. bonds on hand.Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &c . . . . .Current expenses...Premiums paidCash itemsDlear'g-house exch 'gsBills of other banks.Fractional currency.SpecieLegal-tender notes..TJ.S.cert'fs of depositDue from U. S. Treas
Total
MARCH 10.
2,091 banks.
$950, 205, 555 62354, 547, 750 00
14, 216, 500 0025, 910, 650 0030, 425,430 4399, 068, 360 3542,341, 542 6711,180, 562 1541, 937, 617 258, 296, 207 85
10,946,713 159, 517, 868 86
58, 863,182 4318, 536, 502 003, 215, 594 30
29, 077, 345 8576, 768, 446 0030, 805, 000 0018,479,112,79
1,834,369,941 70
MAY 12.
2,089 banks.
$939, 895, 085 34344, 537, 350 0014,128,000 0026, 577, 000 0030, 905,195 8286, 769, 083 9744, 328, 609 4611, 262,193 9642,183, 958 786, 820, 573 35
10,414,£47 289, 693,186 37
56, 806, 632 6320, 347, 964 002, 771, 886 26
21, 714, 594 3679, 858, 661 0027,380,000 0016, 911, 680 20
JUNE 30.
2,091 banks.
$933, 686, 530 45339,141, 750 00
14, 328, 000 0030, 842, 300 0032,482,805 7587, 989, 900 9047, 417, 029 0310, 989, 507 9542, 722, 415 27
5, 025, 549 3810, 621, 634 0311, 724. 592 6775, 328, 878 8420, 398, 422 00
1, 987, 897 4425, 218, 469 9290, 836, 876 0027, 955, 000 0017, 063, 407 65
1,793,306,002 78 1,825,760,967 28
OCTOBER 2.
2,089 banks.
$931, 304,714 06337,170, 400 00
14, 698, 000 0033,142,150 0034, 445,157 1687, 326, 950 4847, 525, 089 9812, 061, 283 0843,121, 942 016, 987, 644 46
10,715,251 1612, 043,139 6887, 870, 817 0615,910,315 00
1, 417, 203 6621,360,767 4284, 250, 847 0029, 170, 000 0016, 748, 695 40
1,827,265,367 61
DECEMBER 22.
2,082 banks .
$929, 066,408 42336, 705,300 00
14, 757, 000 0031, 937, 950 0031, 565,914 5083,789,174 6544,011, 664 9712,415,841 9743,498,445 499, 818, 422 88
10, 811, 300 6620,658,709 2668, 027, 016 4017, 521, 663 001,146, 741 94
32, 999, 647 8966, 221, 400 0026, 095, 000 0016, 359, 491 73
1,787,407,093 76
Loans and discounts.Bonds for circulationBonds for deposits . .TJ. S. bonds on hand .Other stocks and b'dsDue from res've ag'tsDue from nat ' l banksDue from State b 'nksReal estate, &cCurrent expenses . . .P remiums paidCash itemsDlear'g-houseexch'gsBills of other banksFractional currency.SpecieLegal-tender no tes . .TJ.S.cert'fs of depositDue from U. S. Treas
Total
JANUARY 20.
2,083 banks .
$920, 561, 018 65337, 590, 700 0014,782,000 0031, 988, 650 0031,819,930 2088, 698, 308 8544, 844, 616 8813, 680, 990 8143, 704, 335 47
4,131, 516 4810.991,714 5010,295,404 1981,117, 889 0418,418,727 00
1, 238. 228 0849, 709, 267 5572, 689, 710 0025,470. 000 0016,441,509 98
1,818,174,517 68
APRIL 14.
2,073 banks .
$911, 946, 833 88339, 658,100 00
15, 084, 000 0032, 964, 250 0032, 554, 594 4484, 942, 718 4142, 027, 778 8111, 911, 437 3644, 736, 549 09
7, 842, 296 8610, 494, 505 1210,410,623 8785,159, 422 7417, 942, 693 001,114, 820 09
27, 070, 037 7872, 351, 573 0032,100, 000 0016, 291, 040 84
1,796,603,275 29
JUNE 22.
2,078 banks.
$901, 731, 416 03337, 754,100 00
14, 971, 000 0032, 344, 050 0035, 653, 755 2982,132, 099 9644, 567, 303 6311, 246, 349 7944,818, 722 07
7, 910, 864 8410, 320,674 3410, 099, 988 4657, 861. 481 1320,182, 948 00
1, 055,123 6121, 335, 996 0678, 004, 386 0044, 430, 000 0017, 932, 574 60
1,774,352,833 81
OCTOBER 1.
2,080 banks .
$891, 920, 593 54336, 810, 950 00
14, 903, 000 0030, 088. 700 0034, 435, 995 2173, 284,133 1245, 217, 246 8211,415,761 6045, 229. 983 256, 915', 792 509, 219,174 62
11, 674, 587 5074, 525, 215 8915, 531, 467 00
900, 805 4722, 658, 820 3166, 920, 684 0032, 410, 000 0016,021,753 01
1,741,084,663 84
DECEMBER 28.
2,074 banks .
$881, 856,744 87343, 869, 550 00
13, 538, 000 0028, 47i9, 800 0032,169,491 0375, 960, 087 2744,123, 924 9711, 479, 945 6545, 511, 932 25
8, 958 903 608, 841, 939 09
10, 265, 059 4964, 664, 415 0120,312, 692 00
778, 084 7832, 907, 750 7070, 568, 248 0026, 515, 000 0016,493, 577 08
1,737,295,14.5 79
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 193
Banks from October, 1863, to October, 1885—Continued.
I § 7 5 .
Liabilities,MARCH 1. MAY 1.
2,029 banks.
Capital s t o c k . . . . . . . . !$496,272,901 00
Surplus fundUndivided profits . . .
N a t l bank circulationState bank circulation
Dividends unpaid . . .
131, 249, 079 4751, 65O3 243 62
324, 525, 349 00824, 876 00
1,601,255 48
2,046 banks.
!$i98, 7)7,143 00
! 131,604,608 66j , 55, 907. 619 95
! 323,321,230 00I 815, 229 00! 2, 501, 742 39
JUNE 30. OCTOBKR 1.
2,076 banks. 2,088 banks.' i j
$501, 568, 503 50 '$504, 829, 769 00 I
! 133,169,094 79 ! 134,350,076 41 |1 52,160,104 68 | 52,1164,953 50 |
318,148, 406 00786, 844 00
6,105, 519 31
318, 350, 379 00 !772, 343 00
4, 003, 534 90
Individual deposits .! 647,735,879 69U. S. d e p o s i t s . . . . . . . . 7, 971, 932 75Dep'tsu.S.dis.officera
Due to national banksDue to State banks ..
Notes ue-disconnted.Bills payable
Total..
; 695, 347, 677 70; t>, 797, 972 00
5, 330i 414 16 ; 2, 760, 38V 41
137,735,121 44 j 127, 280, 034 0255, 294, 663 84 53, 037, 582 89
:6,478,630 48 664,579.619 396,714,328 70 6,507,531 59 j3, 459, 061 80
138, 914, 828 3955, 714, 055 18
4, 271,195 19 ]
129,810,681. 6049, 918, 530 95
4,841,600 204, 786, 436 57
! 5,671,03144; 6, 079, 632 94
i 4,261,464 45 5,254,453 66 |j 5, 758, 299 85 6, 590, 234 43 j
DECEMBER 17.
2,086 banks.
$505, 485, 865 00
133, 085,422 3059, 204,957 81
314, 979,451 00
752, 722 00
1,353,396 80
618,517,245 746, 652, 556 674,232, 550 87
119,843,665 4447, 048,174 56
5, 257,160 617, 056, 583 64
1,869,819,753 22 11,909,847,891 40 jl,913,239,201 16 1,882,209,307 62| 1,823,469,752 44
1876,MARCH 10.
2,091 banks.
Capital stock $504, 818,666 00
091, 739 50177, 031 26
476,155 00714,539 00
2,089 banks.
$500, 982, 006 00 $500, 393, 796 00
Surplus fund | 133,Undivided prof i ts . . - ! 51,
Nat'lbankcirculationj 307,Statebankcirculation
Dividends unpaid ...
Individual deposits. .! 620,674,211 05V. S. deposits ; 6, 606,394 90Dep'tsu.S.dis.officera; 4,313,915 45
Due to national banks1 139,407,880 06Due to State banks. . ! 54, 002, 13L 54 |
Notes re-discounted .1 i, 631, 882 57 IBills payable ' 6, 049, 566 3L j
1,405, 829 06
MAY 12. JUNE 30.
2,091 banks.
OCTOBER 2.
2,089 banks.
131,795,199 94 |49, 039, 278 75
300, 252, 085 00 '667, 060 00
131, 897,197 2146, 609, 341 51
294, 444, 678 00658, 938 00
2,325,523 51 ! 6,116,679 30
612, 355, 096 598,493,878 182, 505, 273 30
i 127,880,045 04! 4«i. 706, 969 52
4,653,460 08 |5, 650. 126 87 |
641,432,886 087, 667,722 973, 392, 939 48
131, 702,164 8751,403,995 59
3, 867, 622 246,173, 000 03
$499, 802,232 00
132,202,282 0046, 445,215 59
291, 544, 020 00
628, 847 00
3,848, 705 64
651,385,210 197, 256, 601 423, 746, 781 58
131, 535, 969 0448,250,111 63
4, 464, 407 316,154, 784 21
DECEMBER 22.
2,082 banks .
$497,482, 016 00
131, 390, 664 6752, 327,715 08
292, Oil, 575 00608, 548 00
1, 286, 540 28
619, 350,223 066, 727,155 144, 749, 615 39
122, 351, 813 0948,685,392 14
4, 553,158 765,882,672 15
Total !l,834,369,941 70 ; 1,793,306,002 78 11,825,760,967 28 1,827,265,367 61 ;1, 787,407, 093 73
i JANUARY 20.
| 2,083 banks,
Capital stock $493,631,611 00
Surplus fundd
SurplusUndivi
fundded profits...
Nat' lbaukcimilationjStatebankcirculation;
Dividends unpaid ....
Individual deposits . .U. S. depositsDep'tsU.S.dis.officera:
Due to national banksDue to State banks . .
Notes re-discounted.Bills payable
Total.,
130,221, 169 0237, 450, 530 32
292,851,351 00581,242 00
2.418,909 70
659,891.969 167, 234, i:l;6 963. 108,316 55
130, 293, 566 3649, 965, 770 27
4, 000, 063 826, 483, 320 92
APRIL 14.
2,073 banks.
$480,684,645 00
127,793,320 5245, 009, 418 27
291,710,313 00535, 963 00
1, 853, 974 79
641,772,528 087, 584, 267 723, 076, 878 70
125,422, 444 4348, 604, 820 09
3, 985, 459 755, 969, 241 94
JUNE 22,
1,818,174,517 68 ,1,796,603,275 29
2,078 banks.i .
;$181.,044,77l 00i
! 124, 714, 072 93j 50,508,351 70
| 290, 002, 057 00521, 611 00
1,398,101 52
636,267, 529 207, 187, 431 673, 710,107 20
j 121,443,601 2348, 352, 583 90
2,953,128 586, 249, 426 88
1,774,352,833 81
OCTOBER 1.
2,080 banks.
•179,407,771 00 |
. 122,770,121 24 j| 44, 572, 678 72 !
291,874,230 00 j481, 738 03
3, 623, 703 43
610,403,987 127,972,714 752, 376, 983 02
115,028,954 3846, 577, 439 88
3, 791, 219 476,137,116 83
1,741,084,663 84
DECEMBER 23.
2,074 bank3.
$477,128,771 00
121,618,455 3251,530,910 18
2D9, 240, 475 00470, 54J CO
1,404,173 34
604,512,514 526, 529, 031 093,780,759 43
115, 773, 660 5844,807, 958 73
4 654,734 515,843,107 03
1,737,295,145 79
5745 CUR- -13Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
194 REPORT OF THE COMPTROLLER OP THE CURRENCY.
Aggregate resources and liabilities of the National1 8 7 8 .
Resources.
Loans and discounts.Bonds for circulationBonds for deposits . .U. S. bonds on hand.Other stocksand b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, <fecCurrent expenses . . .Premiums paidCash itemsClear'g-house exch'gsBills of other banks.Fractional currency.SpecieLegal-tender notes..U.S.cert'fsof depositDuefromTJ.S.Treas.
Total
MARCH 15.
2,063 banks .
$854,750.708 87343,871,350 00
13, 329, 000 0034,881,600 0034, 674, 307 2186, 016, 990 7839, 692,105 8711, 683, 050 1745, 792, 363 737, 786, 572 427, 806,252 00
10,107, 583 7666,498, 965 2316, 250, 569 00
697, 398 8654, 729, 558 0264, 034, 972 0020, 605, 000 0016, 257, 608 98
1,729,465,956 90
MAY 1.
2,059 banks .
$847, 620, 392 49345, 256, 350 0019, 536, 000 0033,615,700 0034,697,320 5371,331,219 2740, 545, 522 7212, 413, 579 1045, COl, 536 937, 239, 3G5 787, 574, 255 95
10, 989, 440 7895, 525,134 2818, 363, 335 00
661, 044 6946, 023, 756 0667, 245, 975 0020, 995, 000 001G, 304, 030 47
1,741,898,959 05
JUNE 29.
2,056 banks.
$835, 078,133 13347, 332,100 0028, 371, 000 0040, 479, 900 0036, 694,996 2478, 875, 055 9241, 897, 858 8912,232, 316 3046,153,409 354,718, 618 667,335,454 49
11, 525, 376 0787,498, 287 8217, 063, 576 00
610, 084 2529,251, 469 7771, 643,402 0036, 905, 000 0016,798, 667 62
1,750,464,706 51
OCTOBER 1.
2,053 banks .
$833, 988,450 59347, 556, 650 0047, 936, 850 0046,785, 600 0036,859,534 8285, 083,418 5141,492,918 7512,314, 698 1146, 702, 476 266,272, 566 737,134,735 68
10, 982, 432 8982,372,537 8816, 929, 721 00
515,661 0430, 688, 606 5964, 428, 600 0032, 690, 000 0016, 543, 674 36
1,767,279,133 21
DECEMBER 6.
2,055 banks .
$826,017,451 87347, 812, 300 0049,110, 800 0044, 255, 850 0035, 816, 810 4781, 733,137 0043,144, 220 6812, 259, 856 0946, 728,147 36
7, 608,128 836, 978, 768 719, 985, 004 21
61,998,286 1119, 392, 281 00
496, 864 3434, 355,250 3664, 672, 762 0032, 520,000 0017, 940, 918 34
1,742,826,837 37
Loans and discounts.Bonds for circulationBonds for deposits..U. S. bonds on hand.Other stocks and b'dsDue from res've agt'sDue from nat'l banksDue from State banksReal estate, &cCurrent expenses . - .Premiums paid . —Cash itemsClear'g-houae exch'gsBills of other bankti.Fractional currency.SpecieLegal-tender notes .U.S. cert' fsof depositDue from U. S. Troas
JANUARY 1.
2,051 banks . 2,048 banks.
1 8 7 9 .APRIL 4. !
$823, 906, 765 68347,118. R00 0066, 507, 350 0044, 257, 250 0035, 569, 400 9377, 925, 068 6844,161,948 4611,892,540 2647, 091, 9G4 70
4, 033, 024 676, 366, 048 85
13, 564, 550 25100, 03"), 237 8219, 535, 588 00
475, 538 5041, 499, 757 3270, 561, 233 0028,915,000 0017,175,435 13
$814, 653, 422 69! 348, 487, 700 00'< 309,348,450 00
54, 601, 750 00i 36,747,129 4)! 74, 003, 830 40I 39, 143, 388 90I 10, 535, 252 99! 47,461,614 54! 6, 693, 668 43| 6, 609, 390 80I 10, 011, 294 64| 63, 712, 445 55
17, 068, 505 00467,177 47
i 41,148, 563 4164,461,231 0021, 885, 000 0017,029,121 31
JUNE 14.
2,048 banks .
$835, 875, 012 36352, 208, 000 00257, 038, 200 0062,180, 300 0037, 617, 015 1393,443,463 9548,192, 531 9311, 258, 520 4547, 796,108 266,913,430 465, 674, 497 80
10, 209, 982 4383,152,359 4916, 685, 484 00
446,217 2642, 333, 287 4467, 059,152 0025,180, 000 0016, 620, 986 20
OCTOBER 2. DECEMBER 12.
2,048 banks . 2,052 banks.
$878, 503, 097357, 313, 300
18, 204, 65052,942, 10039, 671, 916
107, 023, 54646, 692, 99413, 630, 77247, 817,1696, 111, 2564, 332,410
11, 306,132112, 964, 96416, 707, 550
396, 06542,173,73169,196, 69626, 770, 00017, 029, 065
45 $933,543,661 9300 ! 364,272,700 0000 j 14,788,800 00
40,677,500 00 i38,836,369 80 1
102,742,452 54 !
55,352,459 8214,425,072 0047, 992, 332 997,474,082 104,150,836 17
10, 377, 272 77112,172, 677 9516,406, 218 00
374, 227 0279,013,041 5954, 715, 096 0010, 860. 000 0017, 054, 816 40
00508178 i63 !3656634825000623000045
•Total l,800,592,0;;2 25 1,984,068,936 53 2,019,884,549 16 [1,868,787,428 19 [1,925,229,617 08 |
1880.
Loansaml discountsBonds for circulationBonds for deposits..U. S. bonds on hand.Otherstocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expenses.-.Premiums paidCash itemsClear'g-houseexch'gsBills of other banks.F ractional c iirrencySpecieLegal tender notes..U.S.cert'fsof depositDue from U.S.Treas.
Total
FEBRUARY 21.
2,061 banks.
$974, 295, 3G0 70361, 901, 700 0014,917,000 0036,798, 000 0041, 223, 5£3 33
117,701,386 8153, 230, 034 0314,501, 152 5147, 845, 915 77
6, 404, 743 543, 908, 059 27
10, 320, 274 51166, 736, 402 64
15, 360, 257 00397,187 2.1
89,442, 051 7555,229, 408 0010, 760, 000 0016, 994, 381 37
2,038,066,498 46
APRIL 23. JUNK 11.
2,075 banks, j 2,076 banks.
$992, 970, 823 10361, 274, 650 00
14, 722, 000 0029, 509, 600 0042,494, 927 73
103,9(14,229 8454, 493,465 0913, 293, 775 9447, 808, 207 09
7, 007, 404 .193, 791, 703 339, 857, 645 34
99, 357, 056 4121, 064, 504 00
395,747 6786,429,732 2161, 048, 941 007, 890, 000 00
17,226, 060 01
$994,712,646 41359,512,050 0014,727,000 0028,605,800 0044, 947, 345 75
115,935,668 2750, 578,444 6913, 861, 582 7747, 979, 244 53
6, 778, 829 193,702,354 609, 980,179 32
122, 390,409 4521, 908,193 00
387,226 1399, 506, 505 2664,470, 717 0012, 510, 000 0016, 999, 083 78
1,974,600,472 95 |2,035,493,280 15
OCTOBER 1.
2,090 banks .
$1,040,977,267 53357.789,350 0014,827,000 0028,793,400 0048,863,150 22
134,562,778 7063,023,796 8415,881,197 7448,045,832 546,386,182 013,488,470 11
12,729,002 19121,095,249 72
18,210,943 00367,17173
109,346,509 4956,640,458 007,655,000 00
17,103,866 00
2,105,786,625 82
DECEMBER 31.
2,095 banks .
$1,071,356,141 79 i358,042,550 00)
14,726,500 00125,016,40<»00i48,628,372 77
126,155,014 4069,079,326 1517,111,2410347,784,461 47 j4,442.440 023,288,602 63
14,713,929 02229,733,904 5921,549,367 00
389,921 75107,172,900 9259,216,934 006,150,000 00
17,125,82237
2,241,683,82991
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 195
Banks from October, 1863, to October,
18 71885—Continued.
8 .I MARCH 15.
Liabilities.I 2,063 banks.
Capital stock . . . . $473, 952,541 00I
Surplus fund j 120, 870, 290 10Undivided profits . . J 45, 040, 851 85
JTat'l bank circulat 'n 300, 926,284 00State bank circulat'n 439,339 00
Dividends unpaid . . . 1, 207, 472 68
Individual deposits . . 602, 882, 585 17U. S. deposits 7, 243, 253 29Dep's ILS.dis. officers 3, 004, 004 90
Due to national banks 123,239.448 50Due to State banks . . • 43, 979, 239 39
Kotes re-discounted . i 2,4C5, 390 79Bills payable ! 4, 215,196 23
Total 11,729,465,956 90
MAY 1. | JUNE 29.
2,056 ban t s .
$471, 971, 627 0U '$470, 393, 366 00
2,059 banks.
OCTOBER 1. DECEMBER 6.
2,055 banks.2,053 banks.
$466,147, 436 00 i $464, 874, 990 00
119,233,126 3343, 938, 961 98 j
301, 884, 704 00426,504 00
3,930,669 58
625,479,771 1213,811,474 142,392,281 61
109, 720, 396 70
44, 006, 551 05
2, 834, 012 004, 270, 879 74
118,178, 530 75 j40, 482, 522 64 [
299,621,059 00 j417, 808 00 !
116, 897, 779 98 !40, 936, 213 58 j
301, 888, 092 00 j413, 913 00 i
5, 46(5, 350 52 I 3,118,389 91
621,632,160 06 ;22, 680, 619 07 :2,903,531 99 .
117, 845, 495 88 I43, 360, 527 86 !
2, 453, 839 77 j5, 022, 891 37 j
620, 236,176 82 \41,654,812 08 j3,342, 794 73 [
j122,496,513 92 !42, 636, 703 42 |
3, 007, 324 85 !4, 502, 982 92 !
116, 402,118 8444, 040,171 84
303, 324, 733 00400 715 00
1, 473, 784 8$
598, 805, 775 5640, 269, 825 72
3, 451, 436 56
120,261,774 5441,767,755 07
3,228,132 934, 525, 617 45
1,741,898,959 05 1,750,404,706 51 1,767,279,133 21 1,742,826,837 37
l'§ 7 9.
JANUARY 1. APBJL 4.
Capital stock
Surplus fundUndivided profits . . .
Natflbank circulat'nState bank circula'n-
2,051 banks.
$462, 031, 396 00
116, 200, 863 5236, 836, 269 21
303, 506,470 00388, 368 00
Dividends unpaid . . . 5, 816, 348 82
Individual deposits. .! 643,337,745 26XT. S. deposits I 59, 701,222 90Dep's XLS.dis. oflflcersj 3,556, 801 25
Due to national banks! 118,311,635 60Due to State banks . . j 44, 035,787 56
Notes re-discounted.! 2,926,434 95Bilk p a y a b l e . . . . . . . . | 3, 942, 659 18
Total .1,800,592,002 25
2,048 banks.
|$455, 611, 362 00
114, 823, 316 49 |40, 812, 777 59 j
304,467,139 00352,452 00
2,158, 516 79
598, 822, 694 02303, 463, 505 69
2, 689,189 44
110,481,176 9843,709,770 14
2. 224, 491 914, 452, 544 48
1,984,068,936 53
JUNE 14.
2,048 banks.
$455,244, 415 00
114, 321, 375 8745, 802, 845 82
307, 328, 695 00339, 927 00
OCTOBER 2. DECEMBER 12.
2,048 banks. 2,052 banks.
$454, 067, 365 00 i $454, 498, 515 00
114, 786, 528 10 i41,300,941 40 !
|313, 786, 342 00 I
325, 954 00 J
115,429, 031 9347, 573', 820 75
321, 949,154 00322, 502 00
3,309, 059 13 i 2, 658, 337 46 I 1, 305, 480 45
755,459, 966 016,923, 323 973, 893, 217 43
152, 484, 079 4459, 232, 391 93
2,116,484 474, 041, 649 70
2,019,884,549 16 1,868,787,428 19 1, 925, 229, 617 08
648, 934,141 42248,421,340 25
3, 682, 320 67
137,360,091 6050,403, 0<J4 54
2, 226,39G 39 j4, 510, 870 47 I
719, 737, 568 89 !11, 018, 862 74 i
3, 469, COO 02 j
149, 200, 257 16 I52, 022, 453 99 !
2, 205, 015 544,208,201 89
1880.
FEBRUARY 21.
Capital stock
Surplus fund. . . . . . . .Undivided profits . . ,
Katl bank circulateState bank circulat'n
Dividends unpaid . . .
Individual depoiits„XT. S. deposit*Dep'iXJ.S.dis. officers
Due to national banks;Due to State banks - . J
Notes re-discounted. IBills payable...
2.061 banks.
APRIL 23.
$454, 548, 585 00
117, 044, 043 0342,863,804 95
820,303. 874 00303,452 00
1, 365, 001 91
848,926,599 867,856,791 973, 069, 880 74
170,245,061 0865,439, 334 51
1, 918, 788 884,181, 280 53
Total.
2,075 banks.
'$456, 097, 935 00
117, 299, 35;) 0948, 226,087 61
320. 759, 472 00" 299, 790 00 |
1,542,447 98
701,555,059 637, 925, 988 373, ^20, 006 64
157, 209, 759 1463, 317,107 96
2,616,900 554, 529, 967 98
JUNE 11. OCTOBER 1.
2,076 banks. 2,090 banks.
DECEMBER 31.
2,095 banks.
$455, 909, 565 00 |$457, 553, 985 00 $458, 540,085 00
! 120, 518, 583 43I 46,139, 690 24
118,102, 014 11 j50,443, 635 45 I
121, 824, 629 0347, 946,741 64
318,088, 562 00290, 738 00
1,330,179 85
833,701,034 207, (580. 905 473, 026, 757 34
171, 462,131 2367,038,795 35
j 2, 258, 544 725, 260, 417 43
| 317, 350, 036 COj 273, 045 001
3,452,504 17
873,537,637 077, 548. 538 673, 344| 386 62
192,124,705 1075,735,677 06 |
3,178, 232 50 |5,031.604 96 I
2,038,066,498 46 1,974,600,472 95 12,035,493,280 15
317,484,496 00258,499 00
6,198,238 38
1,006,452,852 827, 898,100 948,489,501 01
192,413, 295 7871,185,817 08
3, 354, 697 184, 636, 876 05
2,105,786,625 82 |2,241,683, 829 91
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1 9 6 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Aggregate resources and liabilities of the National
I § S A .
Resources.
"Loans ami di scounts.Botuls for circulationBonds for deposi ts . .TJ. S. bonds on hand.Otherstocks and b'dsDuefrom res 'veag ' tsDue from nat ' l banksDue from StatebanksJKeal estate, &c . . . 'Current expenses . . .Premiums paidCash itemsClear'g-bouse exch'gsBills of other b a n k s !Fractional c u m ncv. iSpecie ."..Legal-tender notes . .U. S. cert 's of deposit1
Due from IT. S. Treas
MAY 6.
2,102 banks.
JUNE 30.
2,115 banks
,073,786,749 70 $1,339,811,950 00!14,851,500 0046,626,150 0049,545,154 921
120,8-0, C.01 0962.205.517 34!17,032.201 64-)47.525.700 02!
7J 810,1)30 83'3,530,510 71,
10,144,082 87;
147,761,543 9617.733.032 00
386,569 63105,156.195 2452,156.'4''9 00(5,120,'.'00 00
17,015.'J€9 83
093,049,382 18 $1,352,653,500 00,15,240,000 00i41,116,500 0052,908,123 98:
128,017,627 03;03,170.225 67'16,938,734 5047,791.348 36'6,090,109 784,024,763 C)()
11,826,603 16.19*5,633,058 01;25,120,933 00
386.950 21122.628^562 08G2.516.206 008,045,000 001
18,456,600 14!
OCTOBER 1.
2,132 banks .
144.988,949 45 $1,358,287,500 00!15,265,000 00,48,5H4,950 0058.049,292 63J
156,258,637 05:75,703,599 78'•18.S50.775 3447,^34,060 20.4,235,911 194,115,980 01
13,534,227 31143,960.236 8421.63L932 00
372,140 231128.638,027 50i58,728,713 009,540,000 00!
17,251,868 22!
DECEMBER 31.
2,164 banks .
173,796,083 09 $1,363,385,500 001
15,540,000 00,40,866,750 00!61,952,402 95i
132,968,183 12!78,505,446 17;19,306.826 6247,329,111 166,731,936 484,138,485 71
14.831,879 30189,222,255 9517.732,712 00
373,945 96114,334,7; 6 1253,158,441 006,740,000 00
17,472,595 96
Total I 2,140,110,944 7d; 2,270,220,817 76 2,325,832,700 75; 2,358,387,29159 2,381,890,866 85
169,177,557 18368,735 700 0015,715 000 0031,884,000 0062,663,218 93
123,530,465 7577,633,902 7717,644,704 6247,445,050 464,647,101 043,891,728 72
17,337,964 78217,214,627 1024,190,534 00
366,361 52113,680.639 6060,104,387 007,930,000 00
18,097,923 40
1 8 8 2.
Loans and discountsBonds forcirculationBonds for deposits ..TJ. S. bonds on hand.Oth er sto cks an d b' d s.Due from res' ve agt's.Due from nat'l banksDue from State banksReal estate, &c'Current expenses . . .Premiums paid^Casli itemsOlear'g-bouseexeh'gsBills of other banks..Fractional currency.SpecieLegal-tendernotes...U.S. cert's of deposit -Due from U. S. Treas
Total
MARCH 11.
2,187 banks. 2,224 banks.
?1,182,601,609 53$367,333,700 00
16,093 000 00!28,523,450 00!64,430, to6 18;
117,452,719 7568,301,4)45 12|15,921,432 0747,073,247 458,494,036 21:3,762,382 59!
13,308,120 70!162,088,077 94;19,440,089 00!
389,508 07j109,984,111 04;56.633,572 009,445.000 00;
17,720,701 07|
2,309,057,088 72;
,189,094,8303C0,153,800
15,920,00029,662,70065.274.999
124,189,94566,88:5,51216.890,17440.956,574
(1774.5715,062,314
12,295,250107,270,09425,226,186
390,236112.415,80665.909,52210,395,00017,099,385
JULY 1.
2,239 banks. 2,269 banks.
35$l,208,932,655 92$1... 0 0
00|355,789,550
15,920,00027,242,55066,691,399
118,455,01275,360,97016.344,68846,425,351
3,o::o,4645,494,224
20,166,927159.114,22021.405,758
373,725111,694,26264,019,51811,045,00016,830,407
74!
,243-,203,210357,631,750
16,111,00021,314,75066.168,916
113,277,22768.516,84117,105,46846.537,0667^38,2706,515,155
14,784,025208.3(16,54020,681), 425
390,367102,857,77863,313,5178,645,000
17,101,367
DECEMBER 30.
2,308 b a n k s .
08 $1,230,456,213 9700; 357,047,650 0000| 16,344,000 0000 15,492,150 Or64 66,998,620 ^87 122,066,106 7306! 76,073,227 7«44 18,405,748 49
46,993,408 415,130,505 536,472,585 82
16,281,315 67155,951,194 8125,344,775 00
401,314 7027 106,427,159 4000 68,478,421 00
8,475,000 0017,954,069 42
2,277,924,911 13 2,344,342,086 9o| 2,399,833,676 84 2,360,793,467 09{
1 8 8 3.MARCH 13. MAT 1.
2,343 banks, j 2 375 banks.
JUNE 22.
2,417 banks.
Loans and discounts. $1,•liumls for circulation!1>< nds for deposi ts . . jU. S. bonds on hand.<)t her stocks and b'ds;Due from res've ag'ts;D u e from nat ' l banks!Due from State banksReal estate, &cCurrent expenses . . .Premiums paidCash itemsClear'g-house exch'gsBills of other banks .Fractional currency.SpecieLegal-tender no t e s . .IT. S. cert 's of deposit!B u e from U. S. Treas
249,114. £70 43 $1,354,746,500 CO,16,700,000 00|17,850.100 00!68,428.085 67!
121,024.151 60]67.263,503 8G:16.993.3U 72!47,0(53.305 68'8,949,615 28j7,420,9M9 84!
ll,360,73107|107,790,065 1719,739,526 00
431,931 15197,962,366 3460,848,0(58 008,405,000 00
16,726,451 30
OCTOBER 2.
2,501 banks.
202,339,981 87 $1,285,591,902 19 $1,354,480,250 00! 354,002,900 00j16,949,000 0015,870,600 0068,340,590 79!
109,306,823 23(•8,477,918 0219,382.129 3347,155,9u9 80
DECEMBER 31. j
7,754,958 867,798,445 04
15,461,050 16145,990,998 1822,655,833 00
446,318 94103.607,266 3268,256,468 008,420,000 00
17,497,694 31
17.116,000 00!16^978.150 0068,552.073 03
126,646.954 6266i 164,638 2119,451,498 1647,502,ir,3 528,829,278 268,079,726 01
11,109,701 1890,792,075 0826,279,856 00.
456,447 36115,354,394 6273,832,458 0010,685,000 0017,407,906 20
309,244,78164$!351,412,850 00117,081,000 0013,593.050 00,71,114,031 llj
124,918,728 Til65,714,229 44!18,266,275 0548,337,665 026,808,327 308,064,073 60
13,581,049 9496,353,211 7622,675,447 00
443,95112107,817,983 5370,672,997 009,970,000. 00
16,586,712 60
2,529 banks.
307,491,250 34;345,595,800 0016,846,000 0013,151,250 0071,009,421 62
126,990,606 9277,902,785 0719,402,047 1249,540.760 354,87,8,318 448,647,252 98
17,491,804 43134,545,273 9828,809,699 00
427,754 35114,276,158 0480,559,796 0010,840,000 0016,865,938 85
Total 2, 298,918,165 11 2, 360,192,235 85 2, 364,833,122 441 2,372,656,364 S2j 2, 445,880,917 49
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. I9irBanlcsfrom October, 1863, to October, 1885—Continued.
1§81.
Liabilities.
Capital stock
Surplus fundUndivided profits . - .
Nat'l bank circulationState bank circulat'n
Dividends unpaid . . .
Individual deposits..U. S. depositsDep's U.S.dis. officers
MARCH 11.
2,094 banks.
$458,254,935 00
MAY 6.
2,102 banks.
$459, 039, 205 00
JUNE 30.
2,115 banks.
$460, 227, 835 00
122, 470, 996 73 124, 405, 926 91! 126, 679, 517 97
OCTOBER 1.
2,132 banks .
$463, 821, 985 00
DECEMBER 31.
2,164 banks .
$465, 859,835 0#
54, 072, 225 49] 54, 906, 090 47
298, 590, 802 Oo' 309, 737,193 00252, 765 00| 252, 647 00 242, 967 00
I1, 402,118 43: 2, 617,134 37 5, 871, 595 59
128,140, 617 75 129, 867,493 92:54, 684,137 16; 56, 372,190 92 54, 221, 81*3 1©
312, 223, 352 00 320,200,069 00 325,018,161244, 399 00
3, 836, 445 84
241, 7U1 00
6, 372,737 1&
933, 392, 430 75:1, 027, 010, 514 10 1, 031, 731, 043 42J1, 070, 997,431 711,102,679,163 717, 381,149 25!3, 839, 324 77i
9, 504, 081 253, 371, 512 48
8, 971, 826 73i3, 272, 610 45!
8, 476, 689 743,631,803 41
D u e to national banks! 181, 677, 285 37 191, 250, 091 90 223, 503, 034 19| 205,862, 945 80Due to State b a n k s . . 71, 579, 477 47 80, 700, 506 06 91, 035, 599 65; 89, 047,471 00
i i i
Notes re-discounted.IBills payable I
2, 616, 203 05;4, 581, 231 47!
2, 908, 370 45;4, 493, 544 771
2, 220, 053 02:5,169,128 57 j
3,091,165 304,664,077 12;
8,796,678 \3, 595, 726 8S
197, 252, 326 0179, 380, 429 38
4,122,472 794,482,325 2&
Total 12,140,110, 944 78,2, 270, 226, 817 76J2, 325, 832, 700 75,2, 358, 387, 391 59^, 381,890,866 8&
1 §§2.
Capital stock
Surplus fundUiidivided profits .
Nat'l bank circul atiouState bank circulation
Dividends unpaid . . .
Individual deposits..TJ. S. depositsDep's U.S. dis. officers
Due to national banksDue to State banks . .
Notes re-discounted.Bills payable
MARCH 11.
2,187 banks.
MAY 19.
2,224 banks.
JULY 1.
2,239 banks.
OCTOBER 3.
2,269 banks.
DECEMBER 30.
2,308 bankflv
$409, 390, 232 00J $473, 819,124 00 $477,184, 390 00̂ $483,104, 213 00 $484, 883,492
130, 924,139 661 129, 2:-?3, 358 24,' 131, 079, 251 16 131, 977, 450 77! 135, 930, 969 8160, 475, 764 98
323,651,577 00241, 527 00
1, 418,119 12;
C2, 345,199 19 52,128, 817 73 61,180, 310 53' 55, 343, 816 94'
315, G71, 236 00; 308, 921, 898 00! 314, 721. 215 001 315, 230, 925 00241,319 00; 235,173 00; 221,177 00 j 207,273 0©
1, 950, 554 88; 0, 634, 372 20 3,3 53, 836 30' 6, 805, 057 82
1, 036, 595, 098 2011, 001, 687, 693 74 1, 060, 707, 248 75 1,122, 472, 682 461, 066, 901, 719 858. 8515, 242 16'\. P.72, 303 96
9, 741,133 36'3, 493, 252 88
9,817,224 44!, 807, 385 63
8,817,411 21 9,622,303 5§3,627, 846 72 3,786,262 20 ••
Total
187, 433, 824 90i 192. 087, 805 26; 194, 80S. 025 46 180, 075, 749 77i 194, 491, 200 6078,359, 675 85| 78,911,787 20: 84,066'023 66 79,885,652 22 77,031,165 82
3, 912, 992 384,428,531 5.11
3, 754, 044 38:b[ 008, 343 001
4,195, 210 995, 637, 605 88
5,747,014 684. 848, 517 18
0, 703,164 4$-3, 850, 056 54
2, 309, 057, OSS 72J2, 277, 924, 911 13 2, 344, 342, (ISO 90 2, 390, 833, 076 842, 360, 703, 467 09"
1 § 8 3 .
MARCH 13. ! MAY 1. I JUN& 22. I OCTOBER 2. I I»K( EMUER 31.. i I i ... ..... j2,343 banks. 2,375 banks, i 2,417 banks, j 2,501 banks. 2,529 banks.
Capital stock.
Surplus fundUndivided profits . . .
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits..
$490,456,932 00J $493,963,069 00 $500,298,312 00i $509,699,787 00
136,922,884 44; 137,775,004 39! 138,331,902 06 141,991,789 1859, 340, 913 64! 60, 739, 878 85; G8, 354,157 151 61, 560, 652 04
$511, 837, 575 00
144, 800, 252 1358, 787, 945 91
312, 778, 053 00; 3J3, 549, 993 00! 311, 903, 302 00, 310, 517, 857 00 304, 944,131 00206, 779 00
1, 389, 092 96
19d, 162 00J
2, 849, 629 871
180, 253 001 184,357 OOj • 181,121 00
1,454.232 01; 3,229,226 31! 7, 082, 682 28
TJ. S. depositsDep's U. S. dis. oflicers
Due to national banksDue to State banks . .
Notes re-discounted.Bills payable
1, 004, 111, 400 55 1. 007, 902,238 35 1, 043,137, 763 l l j l , 049, 437, 700 57 1,106, 453, 008 239,013,873 33! 11,624,894 57 10,130,757 88 10,183,196 95! 10,026,777 793, 787, 225 311 3, 618,114 79 3, 743, 326 56 3, 980, 259 28J 3, 708, 862 04
191, 296, 859 14J 180, 445, 870 92 194,150. 076 43; 186, 828, 076 27 200, 867,280 Off80,251,968 26! 78,544,128 82 84,744,(360 35: 83,602,073 0l[ 84,776,42160'
Total.
5,101, 458 69,3, 660, 724 79,
5, 557,183 693, 364, 061 60
5,197, 514 12:3,137, 259 77;
7,387, 537'40 8, 248, 562 6T4,053,252 81; 4,106,297 78
2, 298, 918,165 112, 360,192, 235 85 2, 364, 833,122 44 2, 372, 656, 364 82.2,445, 880,917 4£>
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
198 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Aggregate resources and liabilities of the National
1884.
Resources.
Loans and discounts.Bonds for circulationBonds for deposits . .U. S. bonds on hand . .Other stocks and b'dsDue from res 'veag ' t sDue from nat ' l banks IDue from State banks'Real estate, &cCurrent expenses . . .Premiums paidCash itemsCl'g-house loan cert 'sClear'g-house exch'gsBills of other b a n k s . .Fract ional currency.SpecieLegal-tender notes . .IT. S. cert 's of deposit .Due from U. S. Treas.
[MARCH 7.
2,563 banks .
$1,321,548,289339, 816, 150
16, 850, 00018,672,25073. 155, 984
138, 705, 01264, 638, 32217, 937, 97649,418, 805
7, 8i:i, 8809, 742, 601
11, 383, 792
APRIL 24.
2,589 banks.
62 $1,333,433,23000 337, 342, 90000' 17,135,00000 15, 560, 40060 73,424,81574( 122, 491, 95758 68, 031, 20935 18, 145, 82702 49, 607,12656' 8, 054, 29642! 9, 826, 38057; 11 237, 975
68, 403, 37323,485, 124
491, 067122, 080,127
75, 847, (J9514, 045, 00016,465, 785
30! 83,531,47200 26, 525, 12076 489,80233 114,744, 70700 77, 712, 62800| 11,990,00066 17, 468, 976
JUNE 20.
2,625 b a n k s .
54 $1,269,862,935334, 346, 350
17, 060, 00014,143, 00072, 572, 30695,247,15264, 891, 67016, 306, 50050, 149, 0838, 866, 55810, 605, 34311, 382, 29210, 3:55, 00069,498,91323, 38<), 695
473, 046109, 66',68276,917,212
9, 870, 00017, 022, 999
96$l,245,294,093 37 $1,234,202,226 44
SEPTEMBER 30.
2,664 b a n k s .
327, 435, 00016, 840, 00013, 579, 60071, 363, 477111, 993, 01966, 335, 54415, 833, 98249, 900, 8866, 913, 508
11, 632, 63113, 103, 098
1, 690, 00066,257,11823, 258, 854
469, 023128, 609, 474
77, 044, 05914, 200, 00017, 739, 906
DECEMBER 20.
2,664 banks .
317, 586, 050 0C16, 740, 000 0(12,305,900 0C73, 449, 352 01
121,161, 976 8069. 459, 884- ^18, 329, 912 0149, 889, 936 Ofl
9, 670, 996 1411,923,447 1311, 924,152 80
1, 870, 000 0075,195, 955 9i22, 377, 965 0(2
456, 778 26139, 747, 079 53?
76, 369, 555 0019, 040, 000 0Q15, 442, 306 52
Total 2, 390, 500, 638 51 2, 396, 813, 834 922, 282, 598, 742 96 2, 279, 493, 880 07 2, 297,143, 474 27
18 8 5.
Resources.
Loans and discountsBonds for circulationBonds for depositsII. S. bonds on handOther stocks and bondsDue from reserve agentsDue from national banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash items•Clearing-house loan certif't's.Clearing-house exchangesBills of other banksFractional currencyTrade dollarsSpecieLegal-tender notesU. S. cert's of depositDue from TJ. S. Treasurer
Total
MARCH 10.
2,671 b a n k s .
1, 232, 327, 453 69313,10(5, 2i>0 00
16, 815, 000 0014,007,650 0075,152,919 35
130, 4(32, 273 266D, 442, 054 8717, 572, 822 6549,899,501 42
7, 877, 320 2712, 330, 437 6011, 228, 856 82
1, 530, 000 0059,085,781 9922,013,314 00
519, 529 96
167,115,873 6771,017,322 0022, 760, 000 0015, 079, 935 80
2, 312, 744, 247 35
MAY 6.
2,678 b a n k s .
$1,241,450,649 79312,168,500 00
16,740,000 0014, 76!), 250 0075,019,208 99
130, 903, 10:$ 7767, 866, (156 5717,348,938 1149, 886, 378 87
7, 096, 268 0612, .S58, 982 7011,276,626 48
1, 430, 000 0072,259. 129 3926, 217,171 00
513,200 12
177,433,119 3077, 336, 999 0019, 135,000 0015, 473, 270 84
2,346, 682,452 99
JULY 1.
2,689 b a n k s .
51, 257, 655, 547 92310, 102,200 00
17, fi07, 000 0014, 588, 800 0077, 249,159 42
132, 733, 904 3477, 220. 972 2917, 180, 008 4650, 729, 896 08
3, 533, 759 4912, 690, 663 4117, 214, 373 52
1, 380, 000 00113,158, 675 32
23, 465, 388 00489,927 18
177, 612, 492 0279,701,352 0022,920,000 0014, 617, 897 02
2,421, 852, 016 47
OCTOBER 1.
2,714 b a n k s .
$1, 306,143, 990 4Q307, 657, 050 00
17,457,000 0014, 329, 400 0077,495, 230 2a
138, 378, 515 1578, 967, 697 8617, 987, 891 4451,293,801 16
6, 853, 392 7212, 511, 333 4114, 347, 579 53
1,110,000 0084, 926, 730 7Q23, 062, 765 00
477,055 17;1, 605, 763 6S
174, 872, 572 54!69, 738,119 0018, 800, 000 0014, 897,114 24
2, 432, 913,002 38
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY.
Banks from October, 1803, to October 1, 1885—Continued.
1 8 8 4 .
199
Liabilities.
Capital stock
Surplus fund IUndivided profits i
Nat'l bank circulationState bank circulation
MARCH 7.
| 2,563 b a n k s .
| $515,725,005
145, 741, 67963, 644, 861
298,791,610180, 589
APKIL 24.
2,589 banks
00! $518,471,844
JUNE 20. | SEPTEMBER 30.
, ! 2,625 banks, j 2,664 banks. |_ . .| ! |00J $522, 515, 996 oo| $524, 271, 345 00 j
70, 597, 48790 146,047,958 07 145,763,41656', 07, 450, 459
OOJ 297,506,24800! 180,576
) 00
00j 295.175, 334OOj 179,666
17 i 147, 055,21; 63,234,
J
037 85.237 62:
! 00
D i v i d e n d s u n p a i d . . . . 1,422,90191; 1,415,889 58: 1,384,686 71
001 289, 775,123 00,— 653 ()0!179,1
3, 686,160 33
Individual deposits ..U. S. deposits |Dep'tsILS.dis.officers
Due to national banksDue to State banks .. :
iNotes re-discounted..;
Bills payable !Cl'g-liouse loan cert's :
1, 046, 050,1679, 956, 8753,850,461
207, 461,17988, 466. 363
6, 234, 2022, 968, 740
901, 0G0, 778, 38824i 11, 233, 49506: 3,588,980
63 192, 8G8, 942S9 86, 778,138
32i 7, 299, 28450; 3, 193, 635
|
06: 979, 020, 349771 10, 530, 75950; 3 ,664,326
31J 155, 785, 35485 70, 480, 617
\58, 11, 343, 50520! 4, 262, 244
| 11, 895, 000
975, 243,10, 367,
3, 703,
173, 979,72, 408,
11, 008,4, 580,
795 14909 92804 34J
149 SO'206 85:
595 07,862 15,
DECEMBEB 20.
2,664 bank*.
$524, 089, 065 00
146,867,119 0670, 711, 369 95
280,197,043 00174, 645 00
1, 331, 421 54
987, 649, 055 6810, 655, 803 723, 749, 969 85
187,296.348 3072, 572, 384 43
8, 433, 724 673, 415, 524 07
Total % 390, 500, 038 51;2, 396, 813, 834 92 2, 282, 598, 742 96 2, 279, 493, 880 07 2, 297,143, 474 27
1885.
Liabilities.
Capital stock
Surplus fundUndivided profits .National bank circulationState bank circulationDividends unpaid ..
Individual depositsU. S. deposits
MARCH 10,
2,671 banks.
MAY 6.
2,678 banks.
JULY 1.
2,689 banks.
Dep'ts U. S. disbursing officers!
Due to national banksDue to State banks
Notes re-discounted .
Bills payable
Total
$524, 255,151 00 $525,195, 577 00 | $526, 273, 602 00
145, 907,60, 296,
274,054,162,
800 02 i452 56 !
157 00581 00
145,103,60,184,
| 273,703,I 144,
776 01358 12
047 00498 00
1, 301, 937 73 2, 577, 236 08
996,501,11, 006,
647 40919 47
3, 039, 646 40 j
1, 035, 802,11, 690,
188 56707 52
3, 330, 522 70
205, 877,82,190,
6, 299,
1, 850,
203 09567 43
722 15
462 10
2, 312, 744, 247 35
199, 081,81, 966,
5, 736,
2,167,
104 40092 25
012 02
333 33
2, 346, 682, 452 99
146, 523,52, 229,
269,147,144,
799 94946 61
690 00489 00
6, 414, 263 98
1,106, 376,10, 995,
516 80974 68
203, 932,
88, 847,
5, 864,
2, 074,
800 05454 78
000 85 '
259 76 I
OCTOBER 1.
2,714 b a n k s .
3, 027, 218 02 I
$527, 524, 410 00
146, 624, 642 0659, 335, 519 11
268, 869, 597 00136, 898 00
3, 508, 325 38
1,102, 372, 450 3511, 552, 621 98
2, 714, 399 37
213, 534, 905 0886,115,061 25
8, 432, 792 64
2,191, 380 16
2, 421, 852, 016 47 2, 432, 913, 002 96
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ABSTRACTOF
liBPORTS OP THE CONDITION
OF
THE NATIONAL BANKSON
DECEMBER 20, 1884, MARCH 10, MAY 6, JULY 1, AND OCTOBER 1, 1885.
Arranged by States, Territories, and Reserve Cities.
NOTE.—The abstract of each State is exclusive of any reserve city therein.
201
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
202 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884,
MAINE.
Resources.DECEMBER 2 0 . > MARCH 10 . MAY 6.
!...._.. .... _ • _ _
71 banks. 71 banks. ' 71 banks.
JULY 1.
71 banks.
Loans and discounts.Bonds for circulation.Bonds for deposits . .U. S. bonds on band. .Other stocks and b'dsDue from res've ag'ts.'.Due from nat ' lbanksDue from State banksSeal estate. &cCurrent expensesPremiums paidCash itemsClear' g-house exch'gsBills of other banks"..[Fractional currency.Trade dollarsSpecie . -Legal-tender notes . .U. S. cert's of deposit.Due from U. S. Treas.
$17, 377, 324 26 !8, 892, 300 00 !
170, 000 00 ;
22, 500 00 ;612, 380 98
1, 910, 755 33376, 880 9620,941 22
543, 281 3309,843 60 ,
200,065 85225, 780 02
59, 21.6 26347, 524 00 i
3, 646 65 i
$16, 742, 572 448, 809, 300 00
170,000 0022,500 00
616,821 782,169,471 72
368, 790 907,641 02
538, 992 5547,184 39
197,183 61221,103 98104,514 63265, 609 00
3, 376 96
8, 809,170,
21,713,
2, 027,308,
18,530,
57,189,194,
81,330,
3,
143 95300 00000 00300 00,i97 89711 76072 67522 39731 36278 70885 40154 69488 51551 00494 46
$16, 871, 587 968, 809, 300 00
170,000 0020, 300 00
805, 741 391, 967, 566 39
406, 776 8113,169 51
535,126 6524,466 66
187, 013 80234,709 67110, 690 41328, 625 00
5, 418 58
OCTOBER 1.
71 banks .
641,132 37180,747 00
Gil, 738 47192,560 00
612,157 23 i177,460 00 !
630,198 83237, 602 00
$16, 604,8, 709,
170,24,
751,2, 840,
607,19,
521,51,
184,270,124,369,
2,
670,182,
265 52300 00000 00650 00130 60334 70581 37314 05809 01181 35019 55604 64319 55040 00894 73339 80348 15196 00
407, 053 50 | 409, 318 50 409, 418 50 I 430, 718 50 , 487, 218 50
Total ! 32, 061, 373 33 ; 31, 498, 679 98 31, 556, 068 51 i 31, 789, 012 16 32, 590, 547 §2
NEW HAMPSHIRE.
48 banks .
Lo ans and discounts jBo nds for circulation !Bonds for deposits -. |U. <ij. bonds on hand..!Oth er stocks andb'dsjDue from res've ag'ts IDue from nat'l banks IDue from State banks'Real estate. &c ;Current expenses....!Premiums paid jCash itemsClear'g-house exch'gs .Bills oi oilier banks.. jFractional currency . jTrade dollars LSpecie iLegal-tender notes ..'U.S. cert's of deposit. j .Due from U.S. Treas .i
$8, 353,5, 815,
372,14,
1, 394,1, 263,
58,22,
180,58,
177,139,
301 75000 00000 00100 00220 57057 15779 72309 67108 22169 97623 70424 19
48 banks . j
$8,177, 857 71 !5, 800, 000 00 !
372, 000 00 |14,750 00 !
1, 386, 773 151, 244, 284 93
57, 776 5955, 337 05
174, 756 4554, 608 06
193,140 60106,157 45
48 banks . i
$8, 292, 611 96 I5, 800. 000 00 '
372| 000 00 j13, 350 00 ;
1, 312, 693 74 •1, 303, 952 84 |
85, 346 48 '68, 966 49
173, 874 1441,771 67
188, 859 13114,296 25
48 banks .
$8, 284, 316 175, 800, 000 00
372, 000 0013, 350 00
1, 394, 744 751, 429, 740 04
89, 486 5050, 942 05
177, 017 5324, 540 10
203, 383 75183, 271 74
48 banks .
229, 424 00 .6, 955 73
231,052 006,338 66
222, 587 00 |5, 903 06 ;
267, 800 006, 644 71
235, 964 21115,837 00
252, 276 72105, 449 00
242, 434 97113, 242 00 ,
248,250 57117,374 00
$8, 371, 374 045, 800, 000 00
372, 000 0015, 200 00
1, 522, 334 161, 740, 889 70
139, 529 9741,132 45
181, 769 5252, 201 97
201,031 11165, 046 87
236, 834 006,577 15
105 00282, 996 08139, 469 00
268, 750 00 267, 275 00 267, 075 00 j 285, 375 00 260, 475 00
Total i 18, 705, 025 88 18, 499, 833 37 j 18, 618, 964 93 | 18, 948, 236 91 19, 528, 966 02
VERMONT.
Loans and discounts.Bonds for circulation.Bonds for deposits...U. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banks.Due from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..U. S. cert's of deposit.Due from U.S. Treas.
Total
50 banks.
$11,397, 7436, 463, 500
50, 00068, 650
900, 3551, 019, 339
169, 68319, 002
276, 92757, 91592, 66146, 765
140, 9043,262
248, 221184, 689
279,994
21, 419, 617
670000001372497491920864
0090
6r»00
50
35
50 banks .
$10, 327. 260 626, 256, 000 00
50, 000 0075,150 00
877, 989 491,021,750 95
124, 975 7013, 342 39
214, 986 2725, 769 71
113,179 0848,778 67
136, 3i3 004, 361 85
267, 583 65161,873 00
257, 329 50
19, 976, 643 88
48 banks.
$10, 240, 2636,126, 000
50, 000122, 700848,461879, 407167, 032
5,998210, 95647, 955
136, 40474, 729
151, 4324,267
272,272166, 550
252, 229
19, 756, 662
590000004443914699'21679?
0090
0700
50
09
48 banks .
$10, 206,7646,142, 500
50, 000217, 750902, 771
1,104, 694187, 30035, 726
211, 66418, 400
151, 52281, 880
180,1333,082
293 551151, 564
264, 622
20, 203, 927
140000006624335516107960
0050
1000
50
67
47 banks .
$10, 589,150 836, 017, 500 00
50, 000 00232, 350 00931, 044 89977, 996 78185, 893 38
26, 009 59216, 559 26
35, 594 90154, 698 96
79 720 27
122, 596 003, 255 024 595 80
308 307 24156, 953 00
287, 347 50
20, 379, 573 42Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 203
arranged by States and reserve cities.
MAINE.
!Liabilities.
Capital stock : •
Surplus fundUndivided profits....;
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits . -XX. S. depositsDep'ts U.S.dis.ofneers
Dv.c to national banks
Due to State banks-..
Notes re-discoriiited..Bills payable
Total '•
Capital stock
Surplus fundUndivided profits .
Nat'l bank circulationState bank circulation
Dividends unpaid . . .
Individual deposits ..U. S. deposits ,Dep'ts U. S. dis. office rs;
Due to national bank si
Due to State banks...
Notes re-discounted..Bills payable .»
Total
Capital stock
Surplus fundUndivided profits . . .
Nat'l bank circulationState bank circulation
Dividends unpaid . . . 1
Individual deposits. -.'U. S. depositsDep'ts U.S.dis.officers;
Due to national banks
Due to State banks
Notes re-discounted .:Bills payable
Total 1
DECEMBER 20.
71 banks.
$10, 360, 000 00
2,443,544 721,405,413 21
7, 844, 170 001 427 00
38,611 57
8, 907,147 8573, 878 6156/213 87
693. 591 39
] 64-, 011 01
73,364 3 0
32,061, 373 33
N E
48 banks .
$6,105, 000 00
1,193,316 76656,791 47
5, 122, 238 006, 838 00
17,313 53
4, 682, 832 47228, 978 37100,560 81
358, 689 88
206, 456 49
18,010 108, 000 00
18, 705, 025 88
50 banks .
$8, 053, 000 00
1, 626, 485 21789, 909 47
5, 731, 892 003, 500 00
9, 234 63
4,821,597 3133, 560 6410,427 38
173,813 15
37,106 64
107, 979 9921,110 93
21,419,617 35
1 MAIICH 10.j; 71 banks .
i $10, 360, 000 00
2,460,665 J5: 1,093,707 12
7, 729, 337 00
48, 505 98
> 9, 132, 727 8978, 361 4760, 668 07
341,645 77
151,061 53
42, 000 00
31,498,679 98
W HAM
48 banks.
$6, 105, 000 00
1,195,189 54576, 027 62
5, 108, 256 006,838 00
18, 276 59
4, 415, 333 45193, 964 74121, 359 03
365, 686 05
372,579 96
13, 622 39! 7, 700 00
: 18, 499, 833 37
MAY 6.
71 banks .
$10,360,000
2, 464, 2531,159,646
7, 797, 819
65, 698
8, 944, 58478, 60373, 280
484, 021)
88,153
40, 000
31, 556, 068
P SHIR
48 banks .
$6,105,000
1, 187, 832584, 849
5, 113, 5706, 838
35, 807
4, 624, 045217, 78'̂103, 928
308, 661
320,140
10, 510
18,618,964,
VERMONT.
50 banks .
• $7,671,000 00
! 1, 511, 840 24i 478 200 47
5, 509, 808 003, 500 00
14,761 17
4, 535, 747 47' 37,150 49
6, 769 91
\ 94, 057 26
34, 595 95
1 58,101 9921,110 93
1 19, 976, 643 88
48 banks.
$7, 531, 000
1,477,010578, 497
5, 437, 5183, 500
11, 004
4, 381, 08542, 783
5, 962
141, 284
56, 382
69, 52221,110
19, 756, 662
00
19
00
58
124061
83
41
00
51
E
00
1499
0000
09
156216
05
73
00
93
00
6026
0000
63
501591
56
21
3493
09
JULY 1.
71 banks .
$10, 360, 000
2, 481, 306977,810
7, 797. 294
263,419
9,144, 27173, 91666,192
450, 234
123, 254
50, 0001,312
31, 789, 012
48 banks .
$6,105,000
1,216,855499, 095
5,125,8106, 838
96, 517
4, 833, 418236, 822
88, 059
323, 441
395, 361
12, 9138,102
18, 948, 236
48 banks .
$7, 551, 000
1,485,105436, 777
5, 419, 2033,500
93, 864
4, 870, 53435, 4937,604
140, 753
94,178
51, 52114, 39Q
20, 203, 927
00
1509
00
58
627985
19
89
0000
16
00
9905
0000
65
617547
93
66
2258
91
00
7497
0000
38
973124
29
27
9654
67
OCTOBER 1.
71 banks .
$10,360, 000
2, 486, 2171,142,139
7, 683, 079
79, 426
10, 095, 49585, 01857, 491
442, 044
114r 532
45,103
32, 590, 547
48 banks .
$6,105, 000
1, 220, 425581, 752
5,149, 0456,838
30, 780
5, 425,196234, 606106,710
326, 554
328, 056
14, 000
19, 52fe, 966
47 banks.
$7, 541, 000
1, 473, 839501, 204
5, 355, 9133,500
13, 284
5,154, 30836, 72012, 943
151,316
63,139
62, 8949,509
20, 379, 573
00
9404
00
17
198511
56
48
10
"if
00
8604
0000
81
2*.7143
34
60
00
02
00
4203
0000
3»
U6197
13
21
8SS3
43Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
2 0 4 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884, arranged
MASSACHUSETTS.
Resources.DECEMBElt 20.
195 banks.
Loans and discountsBon ds for circulation.Bonds for deposits...U. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'lbanks.Due from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currencyTrade dollarsSpecieLegal-tender notes ..TJ. S. cert's of depositDue from IT. S. Treas.
$82, 898, 870 2039, 831, 350 00
300,000 00386,950 00
3, 732, 902 578, 048, 929 29
869, 860 3785, 336 88
2, 046, 362 27542, 499 33
1,180, 155 72677,218 4333,652 12
1,149, 235 CO34,175 33
MARCH 10.
195 banks .
1,931,291 851,478,722 00
165, 000 001, 807, 843 73
$82, 608, 208 9039, 228, 350 00
300, 000 00249, 950 00
3, 981, 504 558, 755, 246 631, 114,184 13
138, 390 502, 002, 696 65
592,444 591,173, 087 08
689,418 7140, 822 48
1, 188,343 0038,256 93
MAY 6.
195 banks.
$83, 568,39, 094.
• 300,267,
4, 293,8, 973,
706,131,
1,998,201,
1,119,696,
29,1,251,
33,
226 94350 00000 00550 00219 58745 93251 52116 72611 57984 85300 63743 79465 22022 00179 06
JULY 1. OCTOBER 1.
195 banks.
$33, 000, 007 3038, 749, 350 00
300, 000 00270, 950 00
4,416,318 069, 306, 905 50
695, 644 53136, 950 71
2,026,823 09209, 936 28
1,120,653 00983, 402 4479,113 15
1,231,021 0029, 785 68
195 banks.
2,054,319 47 ;1,488,443 00 !
155, 000 00 :1,810,385 00 I
2, 069, 225 88 j1, 512, 343 00 i
165,000 00 i1,783,499 00 I
2,256,383 161,507,987 00
170,000 001, 748, 448 75
Total 147, 200, 355 09 117, 609, 051 62 148,194, 835 69 | 148, 239, 679 65
$86,172, 243 6438, 606, 850 00
350,000 00249, 500 00
4, 357, 382 998, 528, 991 69
846, 487 73183,497 23
2, 048, 992 41257, 033 75
1,120, 747 33897, 484 65
66, 984 031, 379, 501 00
31, 626 7915, 215 75 S
2, 438, 310 74 j1, 672, 817 00 i
175,000 00 !1,791,626 40
CITY OF BOSTON.54 banks. 54 banks 54 banks.
Loans and discounts $117, 388, 982 92 |$114,Bonds for circulation ! 26,606,150 00 1 25,Bonds for deposits .. j 175, 000 00 [U.S. bonds on hand..; 70,800 00 IOther stocks and b'ds! 2,276,917 68! 2,Due from res' ve ag'ts I 10, 037,135 92 I 14,Due from nat'l banks. I 9,084,695 45! 7,Due from State banks 706, 4u4 84 !Real estate, &c 3, 007, 972 09 j 2,Current expenses 742,923 35 1,Premiums paid I 782, 970 33 jCash items \ 380, 471 50 I
.Clear'g-house exch'gsj 6, 421, 272 89 | 0,Bills of other banks..! 1, 967, 748 00 ; 1,Fractional currency .1 11, 778 79 iTrade dollars j ,Specie j 7, 93G, 418 48Legal-tender notes ..) 3, 912, 020 00U. S. cert's of deposit. j 1, 335, 000 00Due from U. S. Treas | 1, 596,152 82
829, 830 89876, 150 00175,000 0071, 200 00538,223 91102, 248 43665,931 29305, 855 94972.825 63159,011 96738, 094 05WO.] 46 14477, 322 82582, 394 0011,111 91
$116,25,
8,386,727 103,452,339 001, 395, 000 001,278,551 75
925, 654694, 650175, 00072, 550890,122222, 650651,671525, 072976, 522178, 49271(5,904333, 304822, 949745, 008
7, 899
54 banks.
7200000025 i80 !60 !13644408
170086
$122, 729,25, 559,
175,203,
3, 008,13,547,9, 823,
415,2, 975,
430,817,
1, 005,11,344,2,103,
9,
511 49650 00000 00250 00541 53054 86298 94190 34795 58918 59587 62329 31025 65743 00677 60
Total j 194, 466, 815 08 193,397,964 82
650, GGG376, 482780, 000305,191
77 | 8,978,00 i 3,949,00 1 1,395,75 ! 1,155,
450 12267 00000 0034* 25
151,190,29 131
54 banks .
$125,331,305 3524,614, 650 00
175,000 0046,400 00
3, 031, 823 7513, 931,112 8610,154, 928 37
243,996 142, 972,149 53
27, 379 02874,438 83649,521 05
9, 558, 723 202,034,077 00
7, 805 66397 00
8, 960, 565 173, 542, 498 001,185, 000 001,154, 071 75
197, 051, 392 209, 626, 640 88 | 208,495, 842 68
R H O D E I S L A N D .
63 banks. 63 banks. 62 banks.
Loans and discounts.Bonds for circulationBonds for deposits ..U. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banks.Due from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currencyTrade dollarsSpecieLegal-tender notes .V. S. cert's of depositDue from U. S. Treas
$30,641, 179 9713, 820, 400 00
150,000 00 ;152,400 00 |
1, 353, 381 78 i2, 289, 798 31 ;
775, 694 60 !68,419 43
798, 846 98129, 494 36 j435, 969 71 I163, 245 40 :
312,390 04 I378,111 00 '11,463 96
$30, 524,13, 820,
150,152,
1, 392,2, 138,6*8,•it,738,120,4O.i,146.266,304,
13,
144 93 !400 00 ;000 00 i800 00 ;
354 47 i567 27 '.•214 19 I901 10 !
423 42169 43874 71485 67684 26052 00096 37
$30, 238,13, 627,
150,153,
1,447,2, 629,
518,56,
700,121,405,136,266,355,
13,
892 51400 00000 00750 00779 38834 21064 00559 09548 86238 43973 51687 52765 64094 00250 99
61 banks . 61 banks .
$30, 213, 623 9813, 595, 400 00
150,000 00153,650 00
1, 416, 464 39 j2, 538, 637 23 i
572, 712 32 !29, 244 03 j
674, 605 87 !81,375 20 I
428,154 89178,936 74714, 259 25314, 829 00
13, 634 56 i
445, 706 04 :
505, 529 00489,253 54489, 187 00
473, 197496, 374 00
- I •490, 909 87 |458,430 00 j
$31, 002,13, 595,
150,251,
1,466,2, 359,688,37,686,109,436,144,298,356,11,
565,493,
630 77400 00000 00200 00008 69941 96465 31519 44020 83684 05760 95191 72659 22239 00068 45319 00457 43667 00
643, 935 27 570, 890 00 ; 636, 640 00
Total 53, 075, 965 85 | 52, 455, 498 36 ; 52, 428, 049 37 52, 720, 442 33
695, 565 00 637, 715 00
53, 290, 948 82
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 2 0 5
by States and reserve cities—Continued.
MASSACHUSETTS.
Liabilities.DECEMBER 20.
195 banks.
MARCH 10.
]05 banks.
MAf 6.
195 banks.
Capital stock ! $45, 677, 500 00 j $45, 667, 500 00 j $15, 217, 500 00
Surplus fund ! 13,649,123 6 1 ! U 592, 155 35 I 13,473,837 02 ;Undivided prof i t s . . . .j 4, 497, 302 31 ! 4, 9:7, 008 52 , 3, 980, 7S;3 28 ;
JULYl. [
! 195 banks.
; $45,117,500 00
13, 524, G22 47 !4,150,393 57 !
OCTOBEK 1.
195 banks.
$45, 095, 650 00
13,51.5,902 183,531,604 11
!Nat'l bank circulation] 35,151,022 00State bank circulation \ . . . . . .
Dividends i n l a i d . . .
34,499,177 00 , 34, 550, 8J4 00 j 33,954,039 00 34,200,534 00
114,694 74 107, 177 94
n pXT. S. depos i t s . . .I>ep'tsU.S.dis.otHcersj
Individual deposits . i 44,713,969 7 4 ; 40,232,755 84— - - •• 210,223 81. j 213,760 72
42, 669 78
1,872,068 63
120, 167 2G
299,010 5845, 000 00
p j 29,056 20 I
Due to national banks! 2,256,74! 85 \
Due to State b a n k s . . . j 132, 226 09 \
Notes re-discounted..Bilks payable
578, 494 74190,000 00 i
205, 582 47 ;
48, 474, 915 94212.55!) 88
43, 000 97
1, 664,149 13
158, QoC) 07
170, 990 33 -33, 000 00 ;
378,343 i'S •
49, 132, 964 05238, 547 52 :
16,187 17 ;
1, 337, 004 21 I
265, 214 06 i
81. 000 00 !43, 263 62 !
70J, 574 4i
51,715,367 00259, 377 38
10,349 62
1,612,300 62
214,582 72
153, 945 5189, 525 55
Total j 147, 200, 355 09 I 147, 609, 051 62 | 148, 194, 835 69 | 148, 239, 679 65 | 151,190, 293 13
CITY OF BOSTON.
54 banks. 54 banks. j 54 banks.
Capital stock $50, 950, 000 00
Surplus fund ! 11, 418, 270 35Undivided profits . . . . i 3, 366,106 71
Nat ' l bank circulation 23, 301, 482 00State bank circulation
$50, 950, 000 00 ! $50, 950, 000 00
11, 324, 141 374, 596,112 41
11,345,536 892, 787, 718 25
54 banks. ]
$50,950,000 00 ;
11,345,536 893,568, 185 03
54 banks. %
$50, 950, 000 00
11,416,551 462, 397,141 82
Dividends unpaid ; 51, 337 81
Individual deposits . . j 70, 812. 461 44IT. S. deposits i 106, 227 70
Dep'tsU.S.dis.officersi 29,424 96
Due to national banks! 27, 101, 674 96
Due to State banks. . .Notes re-discounted. -Bills payable
0,904,829 15
"425," 666" 66"
22,957,375 00 j 22,505,170 00 j 22,379,171 00 j 21,716,837 00
36, 389 06 I
70,142, 264 22 |103,653 51 i26,427 21 !
100,636 80
74, 707, 502 60 i113, 154 51 !22, 750 71
62, 096 55 :
81, 075, 250 34 I110, 945 30 i
17, 840 55 j
25,989,442 98 | 25,336,780 69 i 30,560,153 01
7, 154, 719 48 j 8, 762,142 08 I 9, 555, 466 61
1,111,741 05
80, 326, 965 06110,209 14
18,188 86
30, 512, 185 00
9,933,273 20
1.17, 439 58 i 420, 000 00 ; 1, 995 00 2,750 00
Total ' 194, 466, 815 08 li>3f397,904 82 197,051,392 53 ! 209,626,640 88 | 208,495,842 63
RHODE ISLAND.
63 banks. \ 63 banks. : 62 banks. 61 banks.
Cap tals tock \ $20,540,050 00 ! $20,540,050 00 j $20, 485, 050 00 j $20,340,050 00 j
Sir plus fund. 4,021,095 66 ! 4,020,229 84! 4, 01"!, t>02 3S jI plus fund .; 4, 021, 09;> 66 ! 4, 0̂ *5, 229 <S4 i 4, 011, t>02 38.divided profits j 1,710,289 H8 j 1, 4U5, 906 49 \ 1,430, 187 08
Nat ' l bank circulation! 12, 310, 203 00State bank circulation; 8, i,5S 00
Dividends unpaid.. . . .\ 81,907 59
Individual deposits . . | 11,422,794 44 |IT. S. deposits'. ! 37, 4C4 20 jDep'tsU.S.dis.ofticersj 68,055 72 j
Due to national banksi 1,982,832 03 i
Due to State banks . .; 892, 615 03 !
Notes re-disco anted.Bills payable
12, 180, 8(53 00 !7, 001 00 ;
92, 000 82 ••
11,077,368 58 i47, 247 14 j84,180 72 j
1, 307, 358 07 ;
726, 512 70 !
[•}. 085, 574 00 i2, 7<S5 00 j
132,007 87 \
12, 069, 262 68 |40, 835 36 j94, 750 47 |
1, 054, 71S 00 i
1, 035, 260 53
3, m:\ 833 06 jJ,207, 580 55 ;
12,019,234 00 |2, 795 00 |
243, 592 31 \
12, 586, 98 L 15 I32. M:> 08 ;
107, 188 45 i
1,281, 192 31 i
945, 400 42 '
61 banks.
$20, 340, 050 00
3, 954, 823 931,268,468 69
12,056,177 002,790 00
190,513 57
13, 096, 232 4971.092 0657, 589 25
1,315,925 88
937, 285 95
Total 53, 075, 965 85 j 52, 455, 498 36 52, 428, 049 37 j 52, 720, 442 33 53, 200, 948 82
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
206 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884? arrangedCONNECTICUT.
Resources.DECEMBER 20.
88 banks.
Loans and discounts !Bonds for ciiculation |Bonds for deposits . . i(J. S. bonds on hand. .!Other stocks and b'dsjDuefromres'veag'ts !Due fromnat ' lbanks. |Due from State banks jReal estate, &c jCurrent expenses.... jPremiums paid jCash items •Clear'g-house exeh'gslBills of other banks.. \Fractional currency ITrade dollars. jSpecie jLegal-tender notes .. j
sit.;L'reas i
$40, 480,18, 310,
360,163,
2, 678,4, 679,2, 006,
275,1, 505,
283,515,385,194,714,15,
U. S. cert's of depositDue from U. S. Treas
025 27100 00000 00450 00909 41244 03890 69030 13900 12904 53698 40977 74801 70181 00723 47
MAUCH 10.
87 banks.
\ $40, 346, 387 2018, 252, 100 (JO
360,000 00268,300 00 ]
2,716,284 94 i5,817,399 41.
! 2,223,624 31216,437 21
1, 455, 280 79 :172,037 63542,1)96 73474, 619 24207, 008 33787, 401 0017, 897 70
MAY 6.
87 banks.
$40, 242,199 9718,240,100 00
360, 000 00271,450 00 ;
2, 759, 474 366, 369, 524 151,950,872 09 j197,488 17 ;
1,446,947 61 j248,976 41 :543, 692 63 i384,211 26187, 242 44 !937, 829 00 j14,472 72
JULY 1.
84 banks.
OCTOBER 1.
84 banks.
$40, 510,18, 010,
360,270,
2, 851,5, 290,2, 718,229,
1, 424'48,546,452,331,896,13,
342 71100 00000 00500 00305 49268 56 S
209 47 ;719 14 j118 80 '157 05787 10324 72965 24 |288 00 :
437 35 :
1, 331, 908 63808, 542 00
1, 371, 499 91777, 505 00
1,436,312 59 I904, 552 00 i
1,505,629 16883, 715 00
$40, 601,18,010,
360,531,
3,178,4, 384,2, 866,
151,1, 434,
204,556,401,228,762,
13,35,
1,562,901,
794, 013 35 j 856,851 35 847, 342 75 i 827, 232 25
465 01100 00000 00400 00167 93449 32259 25762 79863 30094 53383 13232 38692 88670 00769 50212 30155 22669 00
856, 892 40
Total J 75, 504, 301 13 ! 76, 863, 630 81 77, 342, 68$ 15 ! 77, 170,100 04 j 77, 041, 238 94
NEW YORK.
Loans and discounts. |Bonds for ciiculationBonds for deposi ts . . .U. S. bonds on hand. -:
Other stocks and b'dsjDue from res've ag'ts'!
Due from nat ' l banks ;Due from State banksReal estate, &e :Current expenses . . . '•Premiums paidCash itemsClear'g house exch'gsBills of other banks : .Fractional currency.Trade dollars ;Specie ;Legal-tender notes . . [U. S. cert 's of depositDue from U. S. Treas. \
266 banks.
$84, 276, 886 1927, 898, 650 00
775, 000 001,473,950 007,185, 686 67
13, 663, 999 952, 353,126 451, 275, U2 453,356, 754 17
671, 336 401,163, 289 891,443,802 20
33, 426 3(31,188,055 00
33,087 34
3,961,563 013,834,901 00 ,
325, 000 00 !1,259,692 21
260 banks.
$82, 629,27, 462,
775,1,610,7, 214,
15, 679,2,137,
041,3, 237,
465,1, 150,1, 309,
34,1,152,
38,
206 69150 00000 00600 00736 10800 32313 33009 18023 91195 94r>98 09115 60467 3rt167 00182 52
: 265 banks.
! $83, 880, 625 39: 27, 362,150 00
775, 000 00i 1, 587, 000 00
6, 836,124 3413,603, 123 04
2. 500, 969 96663,624 14
3, 167, 294 78550, 304 48
1, 202, 013 471,278,151 76
48,213 271,225,986 00
37, 368 63
266 bank's.
$83,214,057 0427, 392,150 00
892, 000 001, 543, 050 006, 846, 954 33
13, 611, 766 382, 846, 764 47
808, 355 703, 257, 084 38
224,178 821,266,955 353, 248, 824 98
61, 715 441,137,599 00
34, 289 04
4,486,115 13 ,3, 683, 640 00
425, 000 00 !
1,284,731 00 |
4,814,558 19 j3, 365, 079 00
405, 000 00 '1,247,059 60
267 banks.
4, 876, 057 652, 823, 569 00
40-% 000 001,295,447 10
$83, 979,27, 267,
892,1, 486,7, 202,
14, 285,2, 707,
670,3, 256.
444;1, 288,1,797,
60,1, 204,
33,243,
5, 054,3, 191,
265,1, 296,
728 98150 00000 00800 00547 52672 97892 77772 16720 86260 93198 94882 48482 61478 00037 55514 40293 02699 00000 00586 65
Total 156,173,909 29 155,482,712 17 | 154,549,646 05 155,785,818 68 j 156,628,718 84
CITY OF NEW YORK.
44 banks. 41 banks 44 banks. 45 banks. 44 banks.
Loans and discounts $210, 385, 727Bonds for circulationBonds for deposits . . !
U. S. bonds on hand. . 'Other stocks andb'ds.Due from res'vo ag ' ts . iDue from nat ' l banksDue from State banksReal estate, &cCurrent expenses 1Premiums paid ;Cash items 1C. H. loan certificates]Clear'g-hou.se exch'gsiBills of other banks . . IFractional currency jTrade dollars ."..!SpecieLegal-tender notes . .U. S. cert 's of deposit.Due from U. S. Treas
14, 177, rid >820, 0U0
4, 498, 4-"013, 686, 440
19, 546. 1752, 732, f)409, 874, 3741,731,0381, 186, 8851,792, 1791, 870, 000
53,927,0312, 084, 8:59
38,918
$214,283,771 5113, G!'9,500 00
820. 000 005, 890, 250 0014, 2;M, 802 28
15,031,685 562, :-177,141 7610, 1150,445 50
653.906 601,31^859 671,851, 091 911, 530, 000 00
38, 200, 796 881, 353, 898 00
39, .-93 74
211,897,611 9813. 609. 500 00
820, 000 005, 366, 600 0014,462,710 71
15,051,528 072,511,448 6510,201,213 16
930. 423 491,348, 0 tO 682, 112,102 041, 430, 000 00
51, 393, 979 412, 336, 784 00
48, 654 88
$216,409,219 4512, 863, 500 00
820,000 005, 387, 250 00
15, 168, 258 85
$236,889,911 83 ;! 12, 566, 500 00 !
820,000 00 l,4, 265, 800 00 I14, 242, 734 53 |
19, 429, 625 122, 250, 676 3510, 239, 912 91
181 929 801,358,394 08 ,3, 571, 356 101, 380, 000 00 !
77,451,807 67 j2, 084, 458 00 :
41, 578 93 :
Total 443, 488,192 48
72, 838, 95023, 205, 272
8, 005, 0001, 086, 864
90, 495, 356 4818, 002, 546 008, 360, 000 001,078,613 87
439, 292,149 82
96,500,023 8720,428,591 005, 970, 000 001, 483, 637 32
457, 902, 849 26
96, 527, 065 2527,164, 671 008, 540, 000 00
837, 654 52
18,846,711 33 |2, 759, 1.21 81 i
10, 177, 498 67 !787, 432 42 I986, 305 71 !
2, 597, 221 04 Ii, no, ooo oo !
55, 453, 777 33 j1, 597, 918 00 !
35, 823 21 j194, 783 90
91, 454,167 7416, 785, 620 006, 920, 000 00
757, 858 72
501, 707, 358 03 479, 249,186 24Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 207
by States and reserve cities—Continued.
CONNE CTICUT .
Liabilities.DECEMBER 20.
88 banks.
MARCH 10.
87 bank^.
MAY 6.
87 banks.
Capital stock ; $26, 056, 820 00 ; $25, 856, 820 00 • $25, 671, 820 00
Surplu s fund I 6, 840, 700 57Undivided profits....] 2,197, 911 07
Nat'l bank circulation! 16,176,757 00 iState bank circulation! 38, 097 00
Dividends unpaid. -..
individual deposits. -TT. S. deposits ;
Dep'ts IT. S.dis.officers
Due to national banks
Dae to State banks. . .!S"otes re-discounted..Bill a payable
Total
57, 501 85
20, 563, 251 07282,245 31 :16,248 68
2, 539, 945 14 \
527, G91 65
179, 631 79 \27; 500 00 !
'5, 820, 373 78 ,!, 673, 555 91
.1.5, 028, 602 00
29, J 02 00 '
75,749 19 ;
22, 678,676 8!294, 990 68 •
10,804 45
2, 729. 969 97
639, 497 45
120,428 27 \5, 000 00
6, 772, 236 28L 915, 264 11
16, 065, 952 0024, 558 00
74, 302 04
23, 4 .."0. 093 mI'. 05, 428 33 :16,8.13 14 '
2, 315, 489 91 '
702, 834 17 :
42, 896 51 ;15, 000 00 j
JULY 1. |
84 banks. ;
$24,921,820 00 ;
6, 715, 073 301,257,521 42 :
15, 717, 275 00
24, 558 00
530, 766 38
25, 246, 464 78281, 828 50
19, 076 00
1, 843, 427 03
576, 265 98
36, 023 0575,504,30113- 76,863,630 8 1 ; 77,342,688 15] 77, 170, K10 04
NEW YORK.
266 banks. 266 banks. ; 265 banks. i 266 banks.
Capital stock j $35, 004,160 00 $34, 714,160 00 i $34, 592, 260 00 | $34, 748, 357 00
OCTOBER 1.
84 banks.
$24,921,820 00
6,717,780 481, 738, 755 09
15, 932, 600 0018,675 00
24,482,780 .Id289, 431 76
20, 041} 2ij
1,967,596 49
653, 674 :i»
5,000 00200, 000 00
77, 04 L 238 94
Surplus fund 9, 085, 597 21Undivided profits 6, 618, 687 27
Nat ' l bank circulation 24, 811, 412 00Stole bank circulation^ 30,626 00
8, 814, 099 925, 348, 375 61
8, 729, 535 365, 790, 1 i)6 67
24, 128, 8J1 00 24. 160, 380 0030, 626 00 30, 626 00
Dividends unpaid 50,552 35
267 banks.
$34, 819. 760 00
8, 926, 6"5 465, 614, 629 77
23, 989, 591 0030,623 00
62,367 42
77,834,371 10617,988 34100, 964 49
2, 953, 653 94
1,207,402 0:j
315, 104 44155,1307 88
Total ! 156 173, 909 29 • 155, 482, 712 17 '. 154, 549, 646 05 155, 785, 818 63 156, 628, 718 84
CITY OF NEW" YORK.
Individual deposi ts . . 74,592,081 38U. S. deposits ; 520, 918 41Dep'ts U.S.dis.officersi 113,767 13 '
Due to national banks;
Due to State banks . .
]NFotes re-discounted..Bills payable
3, 351, 953 74
1,071,444 87
647,722 92 ;
274, 986 01
71,280 80.
77, 430, 640 92558, 779 2884,618 60
2,917,491 49
890,930 14
378, 776 43114, 121 98
73, 639 66
75, 775, 909 50626,915 20115,856 09
3, 184,527 15
871, 776 29
466, 966 62131,051 51
8,840,331 055,013,794 62
23, 876, 591 0030, 624 00
344, 630 62
78, 059, 538 33487,191 47132,727 70
2,489,612 30
906,782 08 ;
494, 716 06360, 922 45
Capital stock . -
Surplus fund ;Undivided profits ,
Nrat'l bank circulationState bank circulation
44 banks. ;
; $46,250,000 00 j
22,582,580 09 ''12,138,436 21
11,897,617 00 :32, 870 00 :
44 banks.
$46, 250, 000 00
22, 430, 264 1810,088,278 01
11, 090, 992 0032, 857 00
44 banks.
$10, 250, 000 00
22,304,264 IS \10,601,375 32 ;
10, 961, 242 00 j
32,857 00 j
45 banks.
' $46, 522, 500 00
•• 22, 435, 654 65; 9,240,280 34
9, 952, 392 00 •32, 850 00 i
44 banks.
$45, 350, 000 00
22.170,007 6810,487, 170 OB
9, 917, 44" ()'): ; ] . 195 o>i
Dividends unpaid 250,545 15 217, 479 91 1, 039, 830 58
Individual deposits. - -Certified cheeksU. S. depositsDep'ts U.S.dis. officers
Due to national banks
Due to State banks. -.
Notes re-discounted..Bills payable :
Total
20125 356,
413,240,
92, 017
30
443
674
488
584371080347
C26
133
192
42940449
63
51
48
; 1891 19,
104
34,
• 439,
906,O:jfi,414.211,
981,
096,
292,
139368002444
214
072
149
4'd627680
80
30
82
210, 066. 56H25, 933^ 755
425. 581180, 892
98, 761,129
32,167, 703
457, 902, 849
64470446
95
29
26
247, 364, 93528, 592, 960
423, 46536,113
99, 927,104
36,139,270
501, 707, 358
53 ;74 ;
48 ;74
70
27
03 1
226, 925,23, 5GH,
420,47,
105
34
479
687,
999555181162
€03
199,239
W5
249,
4?0
186
i"C
50
50
26
00
24Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
208 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30,1884, arranged
CITY OF A L B A N Y .
Resources.
Loans and discounts, jBonds torcirculation.!Bonds tor deposits ..V. 8. bonds on band..Other stocks and b'dsDue. fromres've ag'ts :Due from nat'lbanks.:Due from State banksReal estate. &c
Premiums paidCash items iClearV-house exch'gsBills of other banks.. ;
Fractional currency -;Trade, dollarsSpecieLegal-tender notes...TJ. S. cert's of deposit.Due from U. S. Treas.:
Total !
Loans and discounts jBonds for circulation.'Bonds for deposits...U. S. bonds on hand..Other stocks and b'dsDue from res' ve ag'ts s
Due from nat'l banks jDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fra e tion a 1 c urre ncyTrade dollarsSpecieLegal-tender notes ..TJ. S. cert's of deposit.Due from U.S. Treas.
Total
Loans and discounts.Bonds for circulation..Bonds for deposits...U. S. bonds on hand..Other stocks and b'dsDue from res've air'tsD.vte from nat'l banksDi;e from State banksReal estate, <fccCurrent expensesPromiums paidCauh itemsClear "ir-liouse exch'g3Bills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..U. S. cert's of deposit.Due from U. S. Treas
Total
DECEMBER 20. i
7 banks .
$7,132, 0271,518,000
100, 0003 0
313, 0061,819,963
747,804126, 8>'5321,256
22, 50048, 718
137,804150,528
1,370
682, 323220, 308310, 0i)0
71,047
13, 731,109
70 banks .
$29,107, 2339, 286, 850
250, 000372, 050
2, 554, 6867, 207, 9141, 324, 982
180,3871, 594, 951
275, 368318, 059808 035
441, 47718, 198
1 278 8931,080,780
20, 000422, 908
57, 252, 841
0800000 0 •15 i4254 i2145
0033480030
8"000047
25 ;
MARCH 10.- - -
6 banks .
$7,213,7191,218,000
100, 000100
364,1051, 870, 384
789, 53491,594
275, 5C0
60, 29077, 982
102. 092152,478
1, 564
816,902149, 860310,000
66, 040
13,672,149
NEW J
3600 i0000 !1065 !
33 ,13 :74515491
0017
53000000
97
P E
224 banks-
$00, 378, 98120,784, (i00
480,000l,09.i, 1008,510, 30ij9, 055, [)732,010, 473
8U2, 5283, 468, 758
35fi, 0731,007,979
747, 97376,991
954, 14742, 262
4 187 7'>72, 737, 575
10,0001,176, 447
129, 981, 798
510000(00378620010
6503520049
99
000007
22
70 banks
$28, 236, 6239, 286, 850
250, 000913,700
2, 707, 4397, 276, 854
—
740000000008603500
0072950020
80000027
31
E
240000002832
1, 141, 370 06159, 604
1.585,651101,213424, 593738 982
463, 36417, 030
1 454 9551,833,971
20, 000420, 008
57, 188,871
5972373957
0068
56000000
78
N N B Y L
223 banks
$04, 650, 46720,717, 100
4H). 0008lit, 700
8,873, 95S10. 810, ::842, HO;), 2751, 083, M8
.3, -181, 2S0571,888
1,0(1,48902'> 887
19, 514982, 090
50, -J05
4 496 (802, 535. 385
10, 0001, 204, 307
130, 773, 437
720000009679719239722980910020
48000050
39
MAY 6.
6 banks.
$7,613,2991,318,000
100, 000100
421, 6502,630,711
989, 59782, 275
281, 500
88, 02298, 5<S5
141,331120,503
828
817,997170, 860310,00063, 842
15, 255,195
RSE Y.
70 banks
$29, 438, 5769, 286, 850
250, 000775, 250
2, 090,1456, 222, 9661,164,549
192,9791, 592, 541
198, 174385, 527644, 129
514,08416, 536
1 553 6331, 823, 708
' 10,000424, 167
I57,189,819
V A NI
96 '0000 ,00 !00743068 :00 ,
0064870053
50000047
69
640000002923697416462926
0067
0°000040
75
A.
224 banks .
$05, 578, ^6420,649,200
480, 0001,121,4508, 4(50, 46!)
10, 436, 767: 2,257,317
909. (5093, 541. 798
483, 7321,012,970
679 80040,814
1,314,91554, 814
! 4 983 1193, 079, 506
10, 000, 1,197,185
132, 354, 902
590000000608601516408:535900054
1°000094
31
JULY 1.
6 banks .
$7, 402, 0691, 418, 000
100, 000100
491,6652, 543, 5391, 034, 858
34, 891281, 500
90, 29055, 245
216, 682141,160
1,372
869, 410205, 960310, 000
65, 907
15, 262, 653
70 banks.
$29,189,1839, 286, 850
250, 000788, 850
2,681,1856, 779, 3121, 082, 288
206, 9331, 587,192
92, 570382, 225805, 375
469, 40915, 569
1 699 8611, 689', 259
10,000449,668
57, 395, 732
—
i s !0000000047645500
0098600081
50000050
23
070000001660309333691810
0037
OS000000
81
225 b a n k s .
$34, 953, 90526, 599, 200
480, 0001, 183, 1008.071,4649, 642, 1332,721,7871,163,8443, 548, 389
281, 4931,024,835
I 848 057i 27, 126i 1, 317, 724
52, 652
4 828 '-012, 906, 356
10, 000S 1,149, 213
131, 409,484
350000DO0523845104207165
0067
64000039
56
OCTOBER 1
6 banks .
$7,130, 4111,418,000
100, 000100,100479,175
1, 994, 6651,056,328
68, 280281,500
89, 79067, 904
135, 967137, 311
1,352600
922, 869189, 460310, 00075, 393
14, 559,110
72 banks .
$29, 365, 0019, 326, 850
250, 000912, 350
3, 000, 2378, 273, 0071, 343, 336
171,4711, 602, 887
179, 542391,160
1,041 367
457, 06518, 44660 163
1 979 7011,902,131
10, 000448, 923
60, 733, 643
—
940000000068067700
00786500770050000070
85
570000006132363357086291
0080
70000000
07
i 228 banks .! .!i $65,500,467! 26, 629, 200
480, 0001, 324, 9008, 587, 495
10, 738, 628i 3,032,810i 1, 054, 005; 3,570,021
500, 004! 1, 003, 070; 684 982l 19,922i 1, 378, 51)6i 46,337i 562 351I 4, 535, 975! 3,106, 647
10, 0001, 275, 649
134,107,127
020000005128776778819215
00439149000083
39Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 209
by States and reserve cities—
C I T
-Continued.Y OF ALBANY.
Liabilities.
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits ..U. S. depositsDep'tsU.S.dis.officers
Due to national banks
Due to State banks ..
Notes re-discountedBills payable
Total
DECEMBER 20.
7 banks.
$1, 800, 000 00
1, 400, 000 00377, 967 65
1, 336, 690 00
499 00
5, 571, 415 5061, 887 2616,184 24
2, 515, 868 19
650, 597 41
13, 731,109 25
MARCH 10
6 banks.
$1, 750, 000
1,150, 000268, 922
1,006,190
397
5, 985, 34380,401
5,011
2, 824, 182
601, 700
13, 672,149
00
0023
00
94
1022
71
39
31
MAY 6.
6 banks .
$1, 750, 000
1,150, 000234, 550
1,122, 330
2,553
7, 637, 97899, 990
1,519
2, 666, 315
589, 958
15, 255,195
00
0034
00
00
874022
75
11
69
JULY 1.
6 banks.
$1, 750, 000
1,150, 000227, 785
1,184, 330
9,951
7. 984, 45479,115
654
2,169, 098
707, 262
15, 262, 653
00
0048
00
50
750861
83
98
23
OCTOBER 1
6 banks .
$1, 750, 000
1,175, (00205, 058
1,249,790
8,958
7, 097, 82482, 906
1,147
2, 365, 764
622, 600
14, 5.39,110
00
0046
00
00
436352
85
96
85
NEW JERSEY.
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits..XL S. depositsDep'ts U.S.dis.officers
Due to national banks
Due to State banks...
Notes re-discounted..Bills payable
Total
70 banks
$12 103 350
3, 738, 0692, 068,153
8, 229,1718,450
32, 302
28, 720, 619178, 306
16, 706
1, 802, 502
• 275, 910
3,00076, 300
57, 252, 841
00
2691
0000
04
169637
40
87
0000
97
70 banks
$12 103 350
3, 761, 6381, 720, 968
8, 213, 2218, 450
55,153
28,885,845165, 70829, 862
1, 938, 417
224, 957
25, 00056, 300
57,188, 871
00
9105
0000
50
240901
07
91
0000
78
70 banks.
$12,103, 350
3, 751, 3971, 873, 278
8, 228, 1718,396
49, 817
28,614,228178, 33341,742
1, 895, 827
287, 102
81,87476, 300
57,189, 819
00
6362
0000
56
763929
36
25
8900
75
70 banks .
$12 103 350
3, 804, 3531, 587, 593
8, 042, 8868,396
269, 627
29,176. 693164, 529
24, 547
1, 908, 242
254, 387
29, 82521, 300
57, 395, 732
00
8613
0000
50
678489
88
04
0000
81
72 banks.
$12, 208, 200
3, 799, 9441, 820, 748
8, 007, 4068,396
87, 982
32, 501, 421166, 974
28, 347
1, 797,166
300, 755
6,300
60, 733, 643
00
9766
0000
92
621848
11
13
00
07
PENNSYLVANIA.
Capital st<><k
S n i»lus fundUndivided profits
Nat ' l bank circulationState bank circulation
Dividends unpaid
Individual deposits...XT. S. deposits .Dep'tsU.S.dis.officers
Due to national banks
Due to State banks ..
Notes re-discounted..Bills pavable
Total
224 banks
$32, 084, 840
9, 938, 4133,140,118
23, 697, 93028,317
175, 670
56, 907, 478362, 51615, 707
2, 509, 474
357, 442
525, 399248, 490
129, 981, 798
00
0918
0000
09
746236
88
01
9728
22
223 banks
$32, 050, 340
9, 867, 9603,178, 037
23, 563, 3071«, 296
158, 682
58, 453, 050368, 815
8,548
2, 218, 605
324, 058
451, 245112,490
130, 773, 437
.
00
8704
0000
09
206476
41
67
4328
39
22
$32,
4 banks
150. 340
9, 970, 7683, 130, 705
23, 522, 0079,079
432, 814
59, 792, 797435, 466
14, 027
2,
132,
139, 813
314, 961
398, 67543, 445
354, 902
00
9126
0000
94
960646
28
72
2745
31
225 banks
$32, 270, 340
10,089,2122, 824, 083
23, 255, 8029,079
313, 508
60, 205, 543377, 260
12, 002
1, 445, 024
229, 577
345, 55832, 490
131, 409, 484
00
9154
0000
24
985948
92
85
7728
56
228 banks.
$32, 665, 340
10, 067, 3623, 479, 814
23, 401, 4609,079
166, 916
61, 821, 734403, 400
12, 250
1, 570, 363
212, 867
270, 04826, 490
134,107,127
00
4249
0000
54
864373
02
18
4428
39
5745 CUR- -14Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
2 1 0 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884, arranged
CITY OF PHILADELPHIA.
Resources.
Loans and discountsBonds for circulation.Bonds for deposits ..U. S. bonds on hand..Other stocks and b'dsDue from res've ag'tsDue from nat'l banks.Due from State banksHeal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..TJ. S. cert's of depositDue fromU. S. Treas.
Total
DECEMBER 20.
33 banks .
$60, 443, 482 539, 427, 800 00
300,000 00148,100 00
4, 333, 993 856,049,861 574, 816, 942 72
925, 830 642, 769, 910 61
213, 798 08216, 718 44514,382 84
5, 339, 723 84645, 754 0024,159 86
8,055,463 003, 946, 475 005, 815, 000 00
465,040 71
114, 452, 437 69
MARCH 10.
33 banks .
$62, 075, 220 639, 427, 800 00
300, 000 00148,100 00
4, 288,195 796,104, 202 984,410,475 70
984, 643 242, 807, 797 15
488,323 62208, 472 10395, 394 34
6, 241, 034 16705, 723 0025, 473 05
i6, 205, 812 793, 496, 773 007, 230, 000 00
4BI, 650 50
120, 025, 092 05
MAY 6.
33 banks.
$61,209,044 839, 427, 800 00
300, 000 00148,100 00
4, 578, 698 846, 942, 984 004, 628, 277 601, 010, 324 822, 787, 912 65
92,138 79201,442 10460,032 67
5, 298, 511 55977, 909 0018, 308 19
10, 870, 262 513, 765, 546 006, 280, 000 00
481,932 50
119, 479, 226 05
JULY 1.
33 banks .
$62, 993, 900 089, 327, 800 00
300, 000 00248,100 00
4, 374, 499 596, 604,155 715, 855, 981 93
941, 365 332, 809, 015 49
285, 616 45214,360 59754, 615 91
10, 468, 009 82745,618 00
19, 611 27
11,364,871 704,187, 944 006, 240, 000 00
493, 916 50
128, 229, 382 37
OCTOBER 1.
34 banks .
$67, 351, 229 739,327,800 00
300,000 00298,100 00
4, 295, 046 247, 494, 063 015, 681, 881 851, 221, 724 282, 820, 894 67
533, 762 26252, 384 25681,040 35
8,186, 845 09702, 533 00
28, 067 08250,165 00
11, 361, 091 754, 234, 351 005, 335, 000 00
479,124 50
130, 835,104 06
CITY OF PITTSBURGH.
Loans and discountsBonds for circulation.Bonds for deposits...U. S. bonds on hand..Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..U. S. cert's of depositDue from U.S.Treas.
Total
23 banks .
$25, 720, 804 657, 080, 500 00
250, 000 00101.100 00
1, 042, 347 712, 046, 500 82
882, 523 74302, 433 15
1, 410, 992 31144, 326 1974, 514 88
181, 153 441,115, 573 17
374,325 0012, 420 58
2, 049, 590 051, 988, 760 00
346, 080 41
45,123, 946 10
23 banks .
$25, 370,191 957, 080, 500 00
250, 000 00103, 450 00
1,011,768 042, 323,115 36
878, 719 60160, 796 81
1, 432, 485 76148, 921 2373, 370 47
147, 448 79770, 866 51456,580 00
15, 758 74
2, 053, 895 521, 962, 349 00
329,496 14
44, 569, 713 92
23 banks.
$25,505,311 127, 080, 500 00
250, 000 00104,700 00436, 629 66
1, 805, 357 95782,106 07246, 338 00
1, 441, 431 24125, 033 9173,449 38
159, 672 69937, 848 01601, 258 00
14, 595 56
2,163, 369 952, 500, 034 00
331,291 14
44, 558, 926 68
23 banks .
$25, 765, 926 657, 080, 500 00
i!50, 000 00151, 600 00438, 355 13
1, 789,070 44667, 201 75179, 307 11
1,451,804 3042,436 2181, 319 26
213, 392 371, 249, 998 73
302, 013 0013, 354 62
2,122, 272 772,012,687 00
343, 735 95
44,154, 975 29
23 banks .
$24, 871,131 547, 080, 500 00
250, 000 00150, ;>50 00463,170 68
2,310, 626 111, 215, 728 19
239,179 721, 469,407 98
161, 646 0384, 503 38
187, 859 68859, 811 44564, 218 00
11,126 4611, 881 00
2, 295, 591 642,167, 824 00
328, 530 00
44, 723, 285 85
DELAWARE.
Resources.
Loans and discountsBonds for circulation.Bonds for deposits ..TJ. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollars ..SpecieLegal-tender notes ..TJ. S. cert's of depositDue from TJ. S. Treas.
Total
15 banks.
$3, 918, 072 901,763,200 00
60, 000 003,000 00
230, 907 91806,173 93158, 936 0146, 533 64
199, 070 0027, 755 98
115, 005 7163, 862 45
102, 971 002, 308 45
187. 404 07108, 253 0020, 000 0079, 263 33
7, 952, 718 38
15 banks .
$3, 919, 311 371, 763, 200 00
60, 000 003,000 00
232, 382 91779, 228 47132,229 5458, 752 74
199,881 9215, 995 03
108, 309 5570, 984 31
94, 386 002, 833 72
225, 295 75159, 456 0020, 000 0080, 892 50
7, 926,139 81
15 banks .
$3, 938, 850 801, 763, 200 00
60,000 003,000 00
285, 974 95648, 660 97164, 523 7162, 203 34
199,947 5122,971 26
106, 284 5573, 548 18
i09, 704 663, 334 51
222,120 87161, 837 0020, 000 0084,492 50
7, 930, 654 15
15 banks.
$3, 850, 314 401, 763, 200 00
60, 000 003,000 00
290, 307 40668, 505 47158, 388 63
53, 614 42208, 317 13
22, 723 68105, 334 55
91, 869 79
98, 595 003, 665 31
240, 954 30182, 640 0020,000 0089, 292 50
7, 910, 722 58
15 banks .
$3, 906, 837 13i, 768, 200 00
-60, 000 003, 000 00
262, 307 401,179, 851 39
248, 049 0955, 807 93
218,135 0933, 871 57
104, 545 8074, 465 59
114,189 003, 526 11
24, 436 75204, 560 49173,331 0020, 000 0091, 092 50
8, 546, 206 84Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 211
ly States and reserve cities—Continued.
CITY OF PHILADELPHIA.
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits..XT. S. depositsDep'ts U S dis officers
Due to national banks
Due to State banks...
Notes re-discountedBills payable
Total
DECEMBER
33 banks
$18, 058, 000
9, 353, 3031, 746, 695
8,315,020
58, 457
63, 304, 343229, 424
10, 663, 586
2, 723, 608
114, 452, 437
20.
00
0852
00
56
0307
25
18
69
MARCH 10
33 banks
$18, 058, 000
9, 388, 3032, 079. 623
8, 034, 000
42, 614
65, 572, 832236,433
13,137, 264
3, 466, 020
10, 000
120, 025, 092
00
0830
00
81
1782
49
38
00
05
MAY 6.
33 banks.
$18, 058, 000
9, 381, 8031, 392, 678
8, 049, 390
472, 306
66,130, 388226, 266
12, 669, 769
3, 088, 623
10, 000
119, 479, 226
00
0868
00
21
5300
88
67
00
05
JULY 1.
33 banks .
$18, 058, 000
9, 381, 8031, 772, 539
7, 746, 090
57, 001
74, 014, 361225, 837
13,366,688
3, 607, 060
128, 229, 382
00
0839
00
46
9819
34
93
37
OCTOBER 1.
34 banks .
$18, 275 250
9, 401, 8032, 280, 684
7, 797, 648
42, 440
74, 830, 558239, 952
14, 312, 281
3, 654, 186
130, 835,104
0ft
0844
oa
06
3355
48
12
06
CITY OF PITTSBURGH.
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits ..IT. S. depositsDep'ts U.S.dis.oflicers
Due to national banks
Due to State b a n k s . . .
Notes re-discounted..Bills payable
Total . .
23 banks
$10,150,000
3, 434, 375978, 279
6, 296, 950
58, 564
20, 660, 439178, 49774, 735
2, 008, 627
1, 050, 880
232, 594
45,123, 946
00
9186
00
75
881950
99
67
35
10
23 banks.
$10,150, 000 00
3, 501, 813 75853, 927 79
6, 240,195 00
53, 629 75
20, 319, 784 94199, 455 7948,138 87
1, 988,167 47
1,146,482 88
68,117 68
44,569,713 92
23 banks.
$10,150, 000
3, 516, 813883, 688
6, 245, 660
151, 509
20, 335, 534151, 655103, 802
1, 876, 556
1, 111, 382
32, 323
44, 558, 926
00
7562
00
25
698737
49
13
51
68
23 banks
$10,150, 000
3, 538,106694, 594
6, 257, 295
236, 716
20, 025, 037213, 011
45, 503
1, 709, 007
1, 275, 747
9, 953
44,154, 975
00
8446
00
50
979021
94
95
52
29
23 banks .
$10,150,000
3, 538,106977,101
6, 289,780
92,129
19, 981, 344162, 266106, 214
, 2,182, 686
1, 223, 656
20, 000
44, 723, 285
00
8404
00
50
307193
37
16
00
85
DELAWARE.
Liabilities.
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid....
Individual deposits. .U. S. depositsDep'ts U.S.dis.officers
Due to national banks
Due to State banks..
JJTotes re-discountedBills payable
Tetal
15 banks
$1 823 985
647, 540248,187
1, 574, 309624
7,207
3, 240, 85645, 8582,038
333, 264
13, 847
15, 000
7, 952, 718
00
0035
0000
70
013057
69
76
00
38
15 banks.
fsi
1
3
7
823 985
670, 000185, 884
561,949624
11, 455
284, 56746, COO
1,292
299, 321
23,174
17, 285
926,139
00
0019
0000
96
708487
04
21
00
81.
15 banks.
$1, 823, 985
675. 000206, 522
1, 564,199624
11,216
3, 285, 87955, 3612,142
266, 723
6,374
32, 626
7, 930, 654
00
0050
0000
39
61
36
06
26
85
15
15 banks
$1, 823, 985
677, 000225, 833
1, 557, 759624
21, 233
3, 328, 32341,873
2,178
144, 770
7,944
42,1" 637, 000
7, 91.0, 722
00
0083
0000
49
649a37
03
91
3600
58
15 banks.
$1, 823, 985 00
68^,905 00207, Gil 20
1, 551, 029 .00624 00
9, 998 26
3, 986, 802 9161, 769 152,109 90
200,176 08
17, 584 34
612 00
8, 546, 206 84Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
"212 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884, arranged
MARYLAND.
Resources.
Loans and discounts.Bonds for circulation
TJ. S. bonds on hand..Other stocks and b'dsDue fro in res'veag'ts.Due from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..TJ. 3. cert's of deposit.Due from U.S. Treas.
Total
DECEMBER 20.
27 banks.
$5, 991, 024 442, 499, 000 00
167,450 00438, 019 22801, 547 24371,998 4249,184 59
280,880 1458, 477 89
107, 786 1339, 701 36
48, 423 003,432 88
293, 028 62305, 250 00
109, 703 38
11, 565, 507 31
MARCH 10.
27 banks.
$5, 625, 244 512,479,000 00
140,850 00433, 368 95721, 286 54378, 649 2348, 844 68
280, 084 5739,412 96
104,903 1940,098 10
58, 667 003, 848 48
315, 597 82368, 826 00
100,892 50
11,139, 574 53
MAY 6.
27 banks.
$5, 612, 412 512, 479, 000 00
140, 650 00445, 584 39582, 799 60360, 875 32
39, 092 28267, 628 53
53, 578 31105, 157 4453, 671 76
91, 242 004,185 45
334, 689 07412, 018 00
103,190 75
11, 085, 775 41
JULY 1.
27 banks .
$5, 664, 090 492, 479, 000 00
141,150 00455, 726 25526, 607 17357,455 1335, 800 68
274, 837 4314,638 74
102, 036 4169, 320 96
84, 601 004, 094 41
318, 035 76304, 822 00
112, 890 00
10, 945,106 43
OCTOBER 1.
27 banks .
$5, 738, 577 082, 479, 000 00
215,450 00516, 730 75
1,043,054 94455, 047 21
75, 831 32269,767 43
54, 337 88113, 709 20
57, 036 12 I
97,180 004, 048 13
11,133 34353, 721 37400, 625 00
102,142 50
11, 987, 392 27
CITY OF BALTIMORE.
Loans and discounts.Bonds for circulationBonds for deposits ..U S bonds on handOther stocks and b'dsDue from res' veag'tsDue from nat'lbanksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsCl^ar'g-house exch'gsBills of other banks . .F ractional currencyTrade dollarsSpecieLegal-tender notes . .U. S. cert 's of depositDue fromU. S. Treas
Total
17 banks.
$24, 808, 6956, 212, 000
200, 000
68, 7732,185, 8181,108, 558
270, 948784, 289168, 51759, 61170, 819
1, 297, 551455, 001
6, 262
1 026 7631. 760, 6801, 510, 000
303, 507
42, 297, 796
060000
4804682725082575830019
SO000050
68
17 banks
$25, 393, 2796,167, 500
200, 000
81, 5691,455,2131,312,046
133, 292779, 847
96, 45257, 95050, 550
1,211,778577,155
6,930
1, 312, 9551, 720, 0612, 585, 000
300, 530
43,444,112
780000
7115542247700071570084
19000000
81
17 banks
$24, 268, 3546,167, 500
200,000
312, 0161, 605, 9421,142, 275
] 60, 529779, 660151,70257, 95059,124
1,313,793667, 978
6,564
1 660 0631, 691, 8432, 965, 000
308, 530
43, 518 827
020000
2421817627470061320064
63000000
98
17 banks .
$24, 409, 4816, 067, 500
200, 00075 000
771, 4521, 691,1591, 487, 250
142, 735779, 413
31, 60958, 278
102, 8543, 021, 443
622, 3996,124
1 852 5301, 300, 6553, 760, 000
283, 830
46, 663, 718
340000001489556855211318730069
97000000
06
17 banks
$25, 803, 6386, 067, 500
200, 00075 000
770, 4231, 685, 2821, 222, 511
151, 816777, 972151,16758, 27897, 746
1, 972, 626291, 796
6,92688 182
2 042 6241, 442, 3632, 285, 000
323, 630
45,514,484
280000000405304259091393210096004*>000000
45
Loans and discountsBonds fo r c Lrculat ion.Bonds for deposits...TJ. S. bonds on hand..Other stocks and b'dsDue from res' ve ag'tsDue from nat'l banks.Due from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBillri of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..TJ. S. certV of depositDuo from IT. S. Treas
Total
DISTRICT OF1 bank.
$275, 365 94250, 000 00
151,200 00155, 930 00
85, 800 3510, 994 331,591 11
20,000 005. 647 54
35.919 103,310 00
12, 253 0021 14
1 bank.
$231, 664 17250, 000 00
151,200 00162, 930 00140, 946 34
19, 253 346, 983 85
20,000 002, 373 42
32, 380 935,160 00
13, 934 0031 26
112, 908 00 138, 799 5050, 4U0 00 SO, 500 00
11, 250 00 11, 250 00
1,182, 590 51 1, 267, 406 81
COLUMBIA.1 bank.
$249, 092 26250, 000 00
151, 200 00162, 930 00165, 410 03
8, 794 05679 06
20,000 004, 568 00
32, 380 933,811 00
19, 003 668 55
120, 610 00113, 000 00
11,250 00
1, 312, 736 88
1 bank.
$274,633 85250, 000 00
151, 200 00162, 930 00162, 628 43
7, 223 22
20, 000 0034 10
29, 480 9315,182 00
9,952 668 19
111, 234 0068, 780 00
11,250 00
1, 274, 536 72
1 bank.
$322, 987 88250, 000 00
151,200 00170, 930 00153, 480 88
6, 636 911, 949 59
20, 000 003, 402 38
29, 993 438,851 02
5,639 005 69
114, 418 0085, 500 00
11, 250 00
1, 336, 244 78Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 213
by States and reserve cities—GontiDued.
M ARYL A ND.
Liabilities
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits..
Dept's U.S.dis. officers
Due to national banks
Due to State banks...
Notes re-discounted..Bills payable
Total
DECEMBER 20.
27 banks .
$2, 711, 700 00
784, 579 86377, 005 22
2,199, 909 00
26, 607 48
5,124, 242 30
215, 228 08
36, 836 57
89, 398 80
11, 565, 507 31
MAUCH 10.
27 banks.
$2, 691, 700 00
780, 521 32290, 901 95
2,168, 413 00
21, 826 45
4, 902, 972 95
169, 941 11
34, 956 96
78, 340 79
11,139, 574 53
MAY 6.
27 banks .
$2, 709, 090
780, 521334, 841
2,166,183
13, 450
4, 811, 566
190,562
29, 065
50, 494
11,085,775
00
3260
00
70
10
39
92
38
41
JULY 1.
27 banks
$2, 709, 090
838, 696178, 311
2,119, 517
51, 206
4, 796, 647
150, 696
36, 485
64, 456
10, 945,106
00
3227
00
70
06
15
65
28
43
OCTOBER 1.
27 banks .
$2, 716, 700
841, 766254, 045
2,143, 702
30, 270
5, 744,199
215, 514
36, 022
5,172
11, 987, 392
00
5182
00
06
08
05
43
32
27
CITY OP BALTIMORE.
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits..TJ. S. depositsDep'ts U.S.dis. officers
Due to national banks
Due to State banks...
Notes re-discountedBills payable
Total
17 banks
$11,
3,1,
5,
17,
2
42
713,260
012, 300605, 400
255,14120, 852
46, 636
607, 262112, 730
517, 603
406, 610
297, 790
00
on39
0000
71
6484
04
06
68
17 banks
$11, 713, 260
3, 086, 7101, 294, 662
5,169, 73120, 851
54, 251
18, 374, 491111 618
3,160,939
457, 597
43, 444,112
00
0077
0000
59
13SO
66
36
81
17 banks.
$11,713, 260
3, 091, 7101, 489, 389
5,122, 59020, 849
43, 343
18, 735,146113, 738
2, 762, 812
425, 987
43, 518, 827
00
0014
0000
03
8348
23
27
98
17 banks .
$11,713, 260
3,136 500928,116
4, 808, 54020, S4tJ
317, 616
22, 084, 581107, 323
2, 974, 797
572,132
46,663,718
00
0092
0000
62
29%
81
46
06
17 banks .
$11
3,1,
713, 260
136, 500305, 340
4, 756, 49020, 802
20,
3,
45
54, 672
885, 522104, 572
029, 262
508, 062
514, 484
00
0066
0000
64
82D]
01
31
45
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits ..U. S. depositsDep'ts U S dis officers
Due to national banks
Due to State banks...
Notes re-discountedBills payable
Total
DISTRICT OF COLUMBIA.
1 bank.
$252, 000 00
60, 000 0057, 425 09
225, 000 00
3,692 00
574, 756 30
8, 445 05
1, 272 07
1,182, 590 51
1 bank.
$252, 000 00
60, 000 0047, 450 35
214, 400 00
4, 916 00
676,123 94
12, 275 47
241 05
1, 267, 406 81
1 bank.
$252, 000 00
60, 000 0053,941 82
208,400 00
3, 960 00
720, 396 19
12, 990 70
1, 048 17
1, 312, 736 88
1 bank.
$252, 000
60, 00044,189
197,100
8,120
690,194
1.7, 835
5,096
1, 274, 536
00
0031
00
00
81
78
82
72
1 bank.
$252, 000
60, 00053,186
188, 700
4, 640
776,518
1, 049
150
L, 336, 244
00
0097
00
00
17
07
57
78Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
214 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884, arranged
CITY OF WASHINGTON.
Resources.
Loans and discountsBonds for circulationBonds for deposits ..U. S. bonds on hand..Other stocks and b'dsDue froin res've ag'tsDue from nat'l banks.Due from State banksEeal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..U. S. cert's of deposit.Due from U. S. Treas.
Total
DECEMBER 20.
5 banks.
$2,104, Oil 61730,000 00100, 000 00159,100 00180, 806 83221, 064 30154, 819 33
6, 754 92402, 638 78
41, 720 0037, 426 8598, 823 27
32,143 005, 981 37
325, 503 75288, 920 00
30, 000 0041, 500 00
4, 961, 214 01
MARCH 10.
5 banks.
$2,056,812 90730, 000 00100, 000 00182, 550 00197, 915 85284, 872 28184, 352 01
9, 376 69366, 648 03
17, 618 1041, 016 74
130, 309 58
53,442 005, 861 24
517, 308 25416, 068 00200, 000 00
31, 500 00
5, 525, 651 67
MAY 6.
5 banks.
$2, 009, 793 64730, 000 00100, 000 00321, 700 00213, 562 52425, 952 36187, 892 7216, 238 06
366, 648 0332, 020 6266, 386 14
109,203 82
32, 069 005, 974 24
500, 514 25484,187 00
20, 000 0029, 500 00
5, 651, 642 40
JULY 1.
5 banks .
$2,185, 985 80730, 000 00100,000 00386,300 00216,747 63365, 830 00162,295 3820, 016 26
361,198 035,451 15
79, 957 73128, 948 15
15,174 005, 733 49
442, 616 25354,114 00
31, 500 00
5,591,867 87
OCTOBER 1.
5 banks.
$2,196,157 88730, 000 00100, 000 00401,550 00226, 306 00358, 496 02165, 033 25
15, 068 90353, 954 45
21, 731 0982, 285 73
141, 570 54
18, 669 005, 355 595,493 00
476, 797 00469, 327 00
31, 500 00
5, 799, 295 45
VIRGINIA.
Loans and discounts.Bonds for circulation.Bonds for deposits...XT. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banks.Due from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks. .Fractional currency .Trade dollarsSpecieLegal-tender notes . .XT. S. cert's of deposit.Due from U. S. Treas.
Total
24 banks .
$11,321,295 772, 358, 350 00
525, 000 0025, 050 00
520, 878 841,153, 578 01
550, 613 34478, 545 13434, 755 48136,267 14129, 920 74202,651 8925, 951 25
249, 398 004,113 33
441,295 57851,741 00
112, 334 50
19, 521, 739 99
24 banks.
$11, 407,475 512, 358, 350 00
525, 000 0025,350 00
551,139 88997,541 53369, 200 41413,596 72429,410 08
57, 545 92136, 904 99246, 747 8742, 333 62
295, 387 005,299 56
461,904 71785,396 00
127, 075 00
19, 235, 658 80
23 banks
$8, 717, 2442, 258, 350
350, 00020,100
346, 975673,810374, 373201, 243363, 559
91, 084136, 397264,190
280. 5766,184
527, 085691, 900
108, 443
15, 411, 518
700000003435497422137478
0044
0600
63
62
23 banks
$9, 212,1672, 243, 350
350, 000300
338, 458596,921335, 987226, 495360, 474
4,250122, 616296, 587
229, 9374,626
516, 688612, 475
108, 576
15, 559, 914
930000008777754494549959
0005
1600
19
22
24 banks.
$9, 459, 5742, 293, 350
350, 000600
363, 8371,193, 955
493, 770249, 635397,61677, 094
129,196162, 46337, 585
385,1793,7687,938
561, 564786, 902
122,149
17, 076,182
820000005947828673360227580028552000
88
43
WEST VIRGINIA.
Loans and discounts.Bonds for circulation.Bonds for deposits . -TT. S. bonds on hand..Other stocks and b'dsDue from res've ag'tsDuo from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..U. S. cert's of deposit.Due fromTJ. S. Treas.
Total
21 banks.
$3, 606, 072 891, 459, 450 00
8, 600 00140, 741 81317, 061 55201,385 2346,591 80
223, 754 9956, 970 8836, 274 3022,166 37
75,213 002, 658 46
246, 904 59265, 740 00
64,492 59
6, 774,078 46
21 banks.
$3, 616, 272 541, 469, 850 00
10,000 00139,741 81256,183 12147,434 7344,028 89
215,082 7124, 352 1532, 548 2119, 341 46
70, 919 003, 387 08
"227, 505 98260, 355 00
63, 748 00
6,600, 750 68
21 banks.
$3, 664, 268 561,469,850 00
9,200 00136, 541 «1218, 640 63156,344 9140, 896 10
216, 887 5334,826 1232, 382 8715, 227 76
95, 379 003, 655 40
197, 330 57184, 651 00
69, 649 12
6, 545, 731 38
21 banks.
$3, 602, 628 fiO1, 469, 850 00
10, 300 00130,541 81245, 301 48184, 780 2140, 976 55
217, 576 2713, 422 0732, 406 1419, 067 74
78, 619 003, 354 87
220,189 62162, 458 00
65, 842 64
6,497, 315 00
21 banks.
$3, 602, 283 671,469, 850 00
9,300 00133,141 81280,143 38187, 580 0593, 882 45
226, 807 2729, 299 2732, 233 9919, 019 22
94, 074 002, 903 188, 723 29
229, 269 87204, 795 00
69,245 44
6,692, 551 89Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 215
by States and reserve cities—Continued.
CITY OF WASHINGTON.
Liabilities.
Capital stock
Surplus fund '...Undivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits...U. S. depositsDep'ts U S dis officers
Due to national banks
Due to State banks...
Notes re-discountedBills payable
Total
DECEMBER 20.
5 banks.
$1,125,000 00
302, 000 00129, 700 82
623, 300 00
1, 974 00
2, 550, 778 1049, 828 10
149, 593 18
29, 039 81
4, 961, 214 01
MARCH 10
5 banks.
$1,125, 000
304, 50062, 300
618, 000
1,911
3,184, 41273, 663
138, 383
17, 480
5, 525, 651
00
0032
00
50
7869
00
38
67
MAY 6.
5 banks
$1,125, 000
304, 50099, 459
610,100
1,401
3,358,11822, 040
97, 934
33, 089
5, 651, 642
00
0014
00
00
1705
39
65
40
JULY 1.
5 banks.
$1,125, 000 00
305, 500 0081, 438 82
607, 600 00
13, 717 00
3, 323, 316 3433, 828 60
83, 961 58
17,505 53
5, 591, 867 87
OCTOBER 1.
5 banks.
$1,125,000 00
307, 000 00119, 826 43
625, 850 00
1, 933 50
3, 435, 467 9247, 961 44
115, 738 20
20,517 96
5, 799, 295 45
VIRGINIA.
"Capital stock
Surplus fundUndivided profits
Nat ' l bank circulationState bank circulation
Dividends unpaid
Individual deposi ts . . .U. S. depositsDep' ts U.S. dis. officers
Due to national banks
Due to State banks . .
Xotes re-discounted..Bills payable
Total
24 banks.
$3 545 300 00
1,262,321 91776, 846 91
2,112, 300 00
4, 065 16
10,140,338 13361,233 09110, 305 66
604, 298 82
477, 026 96
73,703 3554, 000 00
19, 521, 739 99
24 banks
$3, 546 300
1, 332,112531, 471
2,114; 780
6,534
10,174, 861364, Iu8
69, 912
498,137
437, 788
50, 650109, 000
19,235, 658
00
9493
00
15
779065
71
31
4400
80
23 banks
$3 246, 300
1,177,112502, 866
2, 021, 060
3,680
7, 344, 627288, 650
16. 405
290, 886
303, 976
154, 95261, 000
15, 411, 518
00
9442
00
15
991041
01
93
6700
62
23 banks.
$3, 246, 300
1,189, 978323, 000
2, 002, 980
48, 433
7, 669, 044262,158
29, 674
215, 355
322, 852
184, 13466, 000
15, 559, 914
00
5064
00
65
609563
81
45
9900
22
24 banks.
$3, 576, 300
1,143, 097474, 982
2, 007, 500
5,214
8, 376, 662260,11940, 399
352, 222
374, 232
369, 45196, 000
17, 076,182
00
7548
00
15
671442
65
52
6500
43
Capital stock
Surplus fundUndivided profits
Kat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits..U. S. depositsDep'ts U.S. dis. officers
Due to national banks
Due to State banks...
Notes re-discounted..Bills payable
Total
W E
21 banks.
$2, Oil, 000 00
513, 888 97196, 882 58
1, 281, 620 00
17, 480 00
2, 543, 488 15
163, 292 01
35,781 16
10, 645 59
6, 774, 078 46
ST VIR
21 banks.
$2,011,000 00
505, 892 97130,261 62
1, 269,165 00
20, 494 00
2, 465, 980 74
116, 008 69
55, 247 66
22, 700 004, 000 00
6, 600, 750 68
GINIA.
21 banks.
$2,011,000 00
500, 740 13155, 136 64
1, 300, 200 00
18, 871 00
2, 315,141 49
108, 430 33
47, 914 37
77, 297 425, 000 00
6,545,731 38
21 banks
$2, 011, 000
505,107106, 978
1, 300, 015
47, 647
2, 342, 461
71,815
42, 997
64, 2925,000
6, 497, 315
00
5819
00
00
31
03
95
9400
00
21 banks.
$2, 011, 000
512, 056135, 691
1, 291, 765
22, 571
2, 529, 278
104, 380
58,170
27, 637
6, 692, 551
00
4022
00
00
85
96
96
50
89Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
2 1 6 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884, arranged
NORTH CAROLINA.
Resources.
Loans and discounts.Bonds for circulation.Bonds for deposits...TJ. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'lbanksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency .Trade dollarsSpecieLegal-tender notes ..TJ S cert's of depositDue from U.S.Treas
Total
DECEMBER
15 banks
$4, 612,1461, 262, 000
300, 00020,150
477, 72 L750, 359335, 374
76, 295275, 85248,00151, 22450 724
158. 7901,720
168 113327, 688
56,148
8, 872, 312
20.
860000005988569678163458
0095
-1500
14
25
MARCH 10
15 banks.
$4,605,1001, 262, 000
200, 00020,150
461,356742, 522251, 691
56,132252,106
17, 84451, 22433 053
151,1822,598
281 094382,140
56, 741
8, 826, 938
9900000035755496681134<S\
0034
"M00
09
83
MAY 6.
15 banks.
$4, 704, 3661, 262,000
200, 00020,150
447, 028359, 974208, 935
52, 830280, 087
33, 73251, 22457 695
87, 9623,534
275 854404, 911
59, 483
8, 509, 770
1400000037647940048634^
0062
qo00
17
81
JULY 1.
15 banks
$4, 904, 2771,162, 000
250, 00020,150
459,66L293, 007215, 05347, 491
267, 82318, 45047, 97428 451
90, 7192,975
234 477257,175
49, 513
8, 349, 200
3300000014902041205634
0034
0700
49
92
OCTOBER 1.
15 banks .
$4, 671, 983 291,162, 000 00
250, 000 005, 000 00
335, 698 84365, 075 43202,063 10
53, 242 21259, 738 7433,539 1782, 541 8436 525 04
144, 443 003, 911 25
124 00231 740 79263,186 00
49,560 34
8, 150, 373 04
SOUTH CAROLINA
Loans and discounts.Bonds for circulation.Bonds for deposits...TJ. S. bonds on hand .Other stocks and b'dsDue from res've ag'ts.Due from nat'lbanksDue from State banksReal estate, &cCurrent expenses . . .Premiums paidCash itemsClear'g-house exch'gsBills of other banks. .Fractional currency.Trade dollarsSpecieLegal-tender notes . .TJ. S. cert's of deposit.Due from TJ. S. Treas
Total
14 banks.
$3, 417,181 041, 247, 600 00
250,000 003, 100 00
562, 546 791,147, 444 92
856, 558 74141,783 13206,934 1582, 192 9931, 530 6054,794 84
223, 304 001, 309 38
164, 054 05490, 474 00
59, 937 60
8, 940, 746 23
14 banks.
$3, 772, 092 911, 247, 600 00
250, 000 003, 100 00
534, 602 20811,814 81749, 379 44103, 879 00205, 325 2130, 269 5026, 562 9540, 920 80
186, 808 001, 462 82
311, 520 35436,187 00
57, 945 05
8,769,470 04
14 banks.
$4, 217, 382 241, 247, 600 00
250,000 003,100 00
515,584 51430, 253 67601, 930 7164,3:57 61
202, 347 4470, 273 0526, 562 9518,117 39
142,015 001, 725 81
323, 681 80319, 548 00
14 banks.
$4, 255, 164 211,161,350 00
250,000 003,100 00
515, 674 48248, 346 134L7, 452 27
73, 568 01198, 847 4425, 466 8425, 926 7017, 310 27
80, 039 001,485 19
266,094 66286, 204 00
58,183 05 i 57, 880 65
8, 492, 643 23 7, 883, 909 85
14 banks.
$4, 589, 642 741,161, 350 00
250, 000 003,100 00
520, 717 73 .170, 805 04312,948 59
51, 504 32198,847 4442, 09y 60'25, 676 7034, 999 03
194, 605 001, 269 37
235, 892 36312, 239 00
60,513 25
8,166, 210 17
GE ORGIA.
Loans and discountsBonds for circulation.Bonds for deposits ..TJ. S. bonds on hand..Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency .Trade dollarsSpecieLegal-tender notes ..TJ. S. cert's of deposit.Due from TJ. S. Treas.
Total
15 banks .
$4,580,275 101, 861, 000 00
110, 000 00
198,154 94*496, 867 57311, 823 41153,936 44417, 426 4289,218 3948, 617 81
106, 777 02
352,155 002,408 25
366, 657 43443, 075 00
15 banks .
$4, 453, 865 361, 861, 000 00
110, 000 0050,000 00
295, 768 24309, 435 01183,828 69123,667 13418,143 98
37,096 4954, 634 6898, 748 56
243,269 003, 744 06
534,055 93332, 295 00
97,404 66 97,102 26
9, 635, 797 44 9, 206, 654 39
15 banks .
$4,529,423 561, 861, 000 00
110, 000 0050,000 00
275, 748 24112, 745 28124,133 20
94, 912 51432, 093 88
73, 594 3554,134 68
113,071 82
232,412 003, 890 73
506,139 68253, 563 00
90, 002 26
8, 916, 865 19
. 15 banks .
$4, 704, 799 001,861,000 00
110, 000 0050,000 00
264,130 74106, 476 45125, 126 41105, 690 41439, 974 7111,371 4352, 659 68
122, 267 76
199, 277 004, 370 51
492, 345 50271,612 00
88, 379 20
9, 009, 480 80
16 banks .
$5, 383, 089 491,792,000 00
110,000 00
229, 290 74101,136 43116, 732 94147, 546 82460, 980 12
45, 760 3953, 956 47
126, 945 09
248, 663 004, 570 27
441,577 07321,017 00
83, 573 20
9, 666, 842 03Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMBTROLLER OF THE CURRENCY. 217
by States and reserve cities—Continued.
NORTH CAROLINA.
Liabilities.
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits ..TJ. S. depositsDep'ts U.S.dis. officers
Due to national banks
Due to State banks...
Notes re-discounted..Bills payable
Total
DECEMBER 20.
15 banks.
$2, 401, 000 00
532,591 92386, 637, 56
1,112,185,00
4, 908 50
3, 883, 602 64155,830 1825, 220 74
195, 676 75
35,171 05
126, 987 9112, 500 00
8, 872, 312 25
MARCH 10.
15 banks .
$2, 401 000 00
547, 496 84317,377 29
1,101, 050 00
6, 344 50
3, 932, 513 13170,620 3224,963 14
131, 641 36
45, 311 47
148, 620 78
8, 826, 938 83
MAY 6.
15 banks.
$2, 401, 000
547, 496362, 414
1, 094, 085
4,748
3, 610, 360156, 0(50
31, 751
90, 870
42, 931
148, 05220,000
8, 509, 770
00
8476
00
00
106984
02
37
1900
81
JULY 1.
15 banks.
$2, 401, 000 ,00
549, 496 84274, 408 82
1, 010, 290 00
29, 756 50
3, 310,159 39179, 243 7433, 266 67
80,663 27
24, 268 31
316, 647 38140, 000 00
8, 349, 200 92
OCTOBER 1.
15 banks .
$2, 063, 500
472, 378235, 799
993, 415
2,999
3, 237, 571210, 81517,312
229, 266
22, 050
525, 264140, 000
8,150, 373
00
7145
00
00
765a74
13
32
4300*
04
SOUTH CAROLINA.
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits ..U. S. depositsDep'ts U.S.dis.officers
Due to national banks
Due to State banks..
Notes re-discounted..Bills payable
Total
14 banks
$1, 935, 000
772, 500719, 256
1, 096,110
7,866
3, 682, 568156, 207
63, 635
214, 475
293,125
8, 940, 746
00
0087
00
50
989913
39
37
23
14 banks.
$1, 935, 000 00
778,000 00635, 280 02
1, 068, 345 00
11, 250 75
3, 602, 983 05199, 635 7733, 836 05
160, 575 31
344, 564 09
8, 769, 470 04
14 banks
$1, 935, 000
778, 000730, 877
1, 053, 525
9,194
3. 261,106182, 38548, 566
174, 226
272, 259
32, 50115, 000
8, 492, 643
00
0086
00
50
421090
76
18
5100
23
14 banks
$1, 935, 000
802, 000550,685
953, 970
42, 626
2, 900, 397177, 372
39, 297
143, 744
150,128
125, 68663, 000
7, 883, 909
00
0056
00
50
906288
52
53
3400
85
14 banks.
$1, 935, 000
802, 000589, 698
1, 002, 445
9,342
2, 723, 042187, 43133, 850
212, 879
179, 880
346, 639144, 000
8, 166,210
00
0049
00-
50
585806
76-
23
9700
17
GEORGIA.
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits..U. S. depositsDep'ts U.S.dis.officers
Due to national banks
Due to State banks ..
Notes re-discounted..Bills payable
Total
15 banks
$2,436 000
815, 355406, 280
1, 648,180
2,650
3, 679, 967
38̂ 007
177, 461
190, 328
73, 607110,000
9, 635, 797
00
0080
00
00
491317
65
91
2900
44
15 banks .
$2, 436, 000
855, 790322,176
1, 642, 300
2,696
3, 455, 52642, 89857,181
176, 912
179,187
25, 98310, 000
9, 206, 654
00
9534
00
00
119684
75
99
4500
39
15 banks.
$2, 436, 000
855, 790405, 925
1, 646, 780
1,945
3, 045, 36944, 77631, 509
152, 790
113, 452
127, 52455, 000
8, 916, 865
00
9573
00
00
401697
73
84
4100
19
15 banks .
$2,436 000
887, 959270, 491
1, 645, 555
30, 200
3,103. 36367, 78315, 878
123, 358
95,170
263, 71870, 000
9, 009, 480
00
2115
00
50
788086
55
98
9700
80
16 banks.
$2, 472 345
813. 350336, 807
1, 570, 900
2,482
3, 335, 35135, 07636, 297
247, 298
137, 242
603, 69076, 000
9, 666, 842
no9305-
00
50
739358
22
07
0200
oaDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
218 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30? 1884, arranged
PL ORID A.
Resources.
Loans and discountsBond 8 for circulation.Bonds for depositsXT. S. bonds on handOther stocks and b'dsDue from res've ag'tsDue from nat'lbanks.Due from State banksReal estate, <fecCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollars .SpecieLegal-tender notes ..U.S. cert's of deposit.Due from U. S. Treas.
Total
DECEMBER 20.
4 banks.
$453, 695 82122,500 00
61*, 77i i i35, 714 598, 252 88
27,555 6628,074 8518, 802 651,725 006, 417 36
21,752 00554 61
16,095 9577, 745 00
3,548 15
884, 205 66
MARCH 10.
4 banks.
$443,130 86122, 500 00
72, 020 94206, 787 5511,150 1129, 328 8837,416 9814, 330 031, 725 007, 910 26
53, 926 00321 55
42, 804 9097, 662 00
7, 574 15
1,148, 589 21
MAY 6.
5 banks.
$530, 415 29147, 500 00
68, 527 11243, 687 54
28, 435 0549, 085 8641, 774 3021,175 34
3, 086 125, 738 59
72,184 00433 15
42, 025 70134, 516 00
5, 699 15
1, 394, 283 20
JULY 1.
5 banks.
$581,170 76147, 500 0050, 000 001, 300 00
75, 418 62190, 737 9788,156 0951, 420 7543, 682 4322, 606 929,333 125, 472 98
54, 835 00496 99
54, 056 55107, 759 00
6,199 15
1, 490,146 33
OCTOBER 1.
5 banks .
$644,531 03147, 500 0050, 000 005, 700 00
82,198 3757, 388 8235, 705 7332, 954 2943, 086 3718, 767 029, 979 997, 307 82
54,983 00504 76
35, 601 80102,581 00
5, 699 15
1, 334, 489 15
ALABAMA.
Loans and discounts.Bonds for circulationBonds for deposits ..XT. S. bonds on handOther stocks and b'dsDue from res've ag' tsDue from nat'l banks.Due from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear' g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..U. S. cert's of deposit.Due from U. S. Treas.
Total
10 banks.
$2, 872, 066 751, 017, 000 00
100,000 00
345, 591 22444, 730 46239, 287 63136,043 54178, 667 9259,045 5481, 528 5418, 933 34
130,551 001,121 51
238, 632 31236,328 00
42,114 21
6,141, 643 97
10 banks.
$2, 574, 250 221, 067, 000 00
100, 000 00
344, 774 84493, 988 70418,253 78187, 530 30184, 039 8937, 402 5484,126 0057, 378 73
228, 864 001,601 35
339,807 91244, 858 00
47, 978 11
6, 411, 854 37
10 banks . I 10 banks .
$2, 703, 625 701,117, 000 00
100,000 00
381,261 85196, 716 16513,092 21204, 772 45189, 581 2560,102 6090,251 0034,017 29
124, 072 001, 404 92
274,017 66206, 769 00
46, 971 96
6, 243, 656 05
$2, 874,125 511,117, 000 00
100, 000 00
414,132 60263, 445 10380,415 7593,427 71
189, 035 581, 516 95
88,289 1428,155 22
124,468 661, 924 95
245,510 15239,153 00
50, 258 76
6, 210, 858 42
10 banks .
$3,265,790 121,117, 000 00
100,000 00
477, 774 50113, 073 51189, 943 47101, 087 47192, 765 5830, 175 3771,332 6035, 286 06
95,543 001,378 78
24i, 887 90167, 764 00
47, 368 76
6,248,171 12
MISSISSIPPI.
Loans and discountsBonds for circulationBonds for depositsTJ. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banks.Due from State banksReal estate, &cCurrent expensesPremiums paidCash items .Clear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tendef notes ..TJ. S. cert's of depositDue from TJ. S. Treas
Total
5 banks.
$591,887205, 000
1,60058,11837, 615
200, 42436,15531,61515 48324, 5811 257
6,88765
101 52632,172
6,800
1, 351,190
3400
0038373832324487•10
0059
8500
00
26
5 banks.
$445, 062205, 000
1,60047, 891
183, 708249, 235
91,12034, 54?10, 64623, 2556 753
8,491735
177 10247, 503
10, 825
1, 543, 478
18800
002465401132314391
0071
7800
00
74
6 banks.
$545, 798 33217,500 00
i,600 6650,163 4671,100 27
249, 980 5453, 688 7839, 644 6517,169 5425, 921 31
5 099 11
13,875 00531 02
105 471 6568, 380 00
12,625 00
1, 478, 548 66
6 banks.
$720, 838217, 500
1,60091, 55372, 20362,15126, 35640, 28510,14924, 562
2, 209
14, 502505
108 67046,184
14, 293
1, 453, 565
6200
002509276240613177
0068
00
35
62
6 banks.
$1, 074, 609175,000
1,60085, 80622, 55024, 0878,761
44, 01813, 37412,9009,292
26,161336
82 35241, 682
6,247
1, 628, 781
2200
002989656525749448
0087
•1000
49
87Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 219
by States and reserve cities—Continued.
FLORIDA.
Liabilities.
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits ..U. S. depositsDep'ts U.S.dis.officers
Due to national banks
Due to State banks...
Notes re-discounted..Bills payable
Total .
DECEMBER
4 banks.
$200 000
16, 42219,731
81, 840
514, 063
3,225
45, 423
3,500
884, 205
20.
00
7057
00
01
38
00
00
66
MARCH 10
4 banks.
$200, 000
17, 92217, 095
88.415
810, 867
3,619
5,669
5,000
1,148, 589
00
7007
00
85
29
30
00
21
MAY 6.
5 banks .
$300, 000
19, 92226, 304
89, 385
932, 499
14,196
9,975
2,000
1, 394, 283
00
7059
00
43
06
42
00
20
JULY 1.
5 banks.
$300, 000
19, 92230, 469
88, 540
958, 30641, 8831,026
35, 254
8,741
6,000
1, 490,146
00
7063
00
78%86
70
70
00
33
OCTOBER 1.
5 banks .
$300, 000 00
19, 922 7036, 298 34
120,185 00
782, 280 9035,037 55
2, 715 28
14,178 47
23,870 91
1, 334, 489 15
MISSISSIPPI.
5 banks.
Capital stock
Surplus fundUndivided profitsNat'l bank circulationState bank circulation .
Dividends unpaid.
Individual deposits...U. S. deposits
$425, 000 00
10, 824 3548, 042 30
165,100 00
5 banks.
$425, 000 00
18,400 0035, 674 71
163, 350 00
6 banks. 6 banks.
$450, 000 00
19, 400 0056, 881 34
164,900 00
639,266 99
200 00
875, 317 75
200 -00
772, 829 48
$475, 000 00
20,100 0055, 615 56
175, 340 00
5, 200 00
690, 847 73
Dep'ts U.S.dis. officers
Due to national banks
Due to State banks...
Notes re-discounted..Bills payable
42, 915 57
4, 941 05
15,100 00
Total I 1,351,190 26
8, 650 55
16, 885 73
9, 339 01
4, 998 83
1, 543, 478 74 I 1, 478, 548 I
10, 612 16
10, 850 17
10, 000 00
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits...U. S. depositsDep'ts U.S.dis.oflicers
Due to national banks
Due to State b a n k s . . .
Notes re-discounted..Bills payable
Total
10 banks
$1, 735, 000
256,100271, 976
914, 400
2,166
2, 591, 00984, 254
8,144
54, 638
85, 864
108, 09030, 000
6,141, 643
00
0012
00
00
910661
32
05
9000
97
AL AB A
10 banks .
$1, 835, 000 00
282, 000 00209, 686 73
943,900 00
5, 540 00
2, 843, 863 8084, 550 41
4, 966 48
47, 969 73
53, 073 02
81, 304 2020, 000 00
6, 411, 854 37
MA.
10 banks
$1, 835, 000
282, 000271, 992
989, 500
. . . . . .1,178
2, 496, 71095,1469,107
67, 016
52, 981
123, 02420, 000
6, 243, 656
00
0016
00
00
730901
53
03
5000
05
10 banks.
$1, 835, 000
285, 500205, 096
990, 050
29, 010
2, 421, 07491, 644
212
32, 795
33, 925
286, 539
6, 210, 858
00
0059
00
00
069276
22
87
00
42
10 banks .
$1, 835, 000
290, 650212, 571
990, 450
5,347
* 2, 143, 31182, 3265,684
106, 537
39, 221
537, 071
6, 248,171
00
0067
00
20
127948
18
08
60
12
6 banks.
$475, 000' 00
39,100 0038, 003 50
150,990 00
320 00
597, 416 08
101, 934 53
33,327 00
192, 690 76
1, 453, 565 62 1, 628, 781 87Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
2 2 0 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884, arranged
LOUISIANA.
Resources.
Loans and discounts.Bonds for circulationBonds for depositsXL S. bonds on bandOther stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paid
Clear'g-house exch'gsBills of other banks. .Fractional currency.Trade dollarsSpecie . .Legal-tender notes. . .TJ. S. cert's of depositDue from U. S. Treas.
Total
DECEMBER 20.
1 bank.
$131,977 43100, 000 00
9,187 999,430 70
110 212,817 87
986 703, 552 383, 375 00
282 0044 88
17, 628 663,125 00
4, 500 00
287,018 16
MARCH 10.
1 bank.
$136, 557 08100,000 00
9, 207 494,033 681, 505 92
28 78986 70
1, 812 233,000 00
1, 589 0092 36
17,792 506,195 00
4, 500 00
287, 300 74
M A T 6.
1 bank.
$133, 289 28100, 000 00
9, 207 49388 46917 06268 31986 70
2, 819 283, 000 00
1, 662 0020 10
19,174 002,880 00
4, 500 00
279, 112 68
JULY 1.
1 bank.
$133,170 77100, 000 00
9, 387 995,117 57
563 951,105 36
986 7066 60
3,000 00
280 006 63
13, 283 005, 752 00
4, 500 00
277,220 57
OCTOBER 1.
1 bank.
$130,948 38100, 000 00
9, 187 993, 539 45
344 16213 86
1,144 802, 448 883, 000 00
890 0030 36
14, 653 502, 867 00
4, 500 00
273,763 38
CITY OF NEW ORLEANS.
Loans and discountsBouds for circulation.Bonds for depositsU. S. bonds on hand..Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks'..Fractional currency .Trade dollarsSpecieLegal-tender notes . .U. S. cert's of deposit.Due fromU. S. Treas
Total
8 banks.
$9, 666, 389 202,225,000 00
7, 300 00812, 749 99583, 532 66817,205 87456,303 90402, 756 49159, 900 4154,013 001, 975 55
1, 753, 592 50106, 760 00
4, 404 65
905,747 60751,183 00
101, 625 00
18, 310, 439 82
8 banks.
$8,681,060 422, 225, 000 00
516,750 00967, 673 18
1, 652, 965 922C9, 238 94576, 177 27400, 924 6277, 947 6090, 663 002, 143 43
900, 894 59217,603 00
7, 461 46
2, 024, 499 001,651,830 00
104,625 00
20, 307, 457 43
8 banks.
$9, 277, 862 822, 225, 000 00
507,150 001, 040, 192 981,110. 123 28
197,071 36452, 943 06401,574 87135, 232 5690, 423 00
813 43646, 383 0919*, 354 00
8, 089 95
1, 945 147 001,948,701 00
104, 625 00
20, 279, 687 40
8 banks.
$9,166, 022 832, 025, 000 00
70,400 001,117, 822 021,142, 681 84
151, 34 L 89405, 520 63409, 842 63
2,830 9171,971 80
106 86658, 595 53132, 025 00
8, 822 51
1, 020, 479 751, 658, 359 00
100,480 00
18,142, 303 20
8 banks.
$9> 729, 589 782,125, 000 00
7, 450 001, 016, 860 36
495,351 38154,150 92297,378 19427,461 4692, 867 6962, 003 83
696 87808,367 16124, 932 0010, 965 61
817. 950 501, 087J 830 00
100,175 00
17, 359, 030 75
TEXAS.
Loans and discountsBonds for circulation.Bonds for deposits . .TJ. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banksDu e from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes . .U. S. cert's of deposit.Due from U. S. Treas
Total
61 banks.
$11, 651, 514 55], 866, 750 00
125, 000 00260, 000 00239, 092 12
1, 319, 503 77681,816 41664,462 24637,077 05230,007 84136, 571 42107,184 94
570, 879 0010, 338 15
731,169 911, 339, 867 00
81, 034 53
20, 652, 328 93
65 banks.
$12, 229, 782 841, 957, 000 00
125, 000 00
156, 739 361,140,463 61
698, 297 27590, 917 07668, 027 18139, 226 66155, 140 48106, 783 75
460, 235 0012, 965 93
1,037,537 821,099,212 00
89, 032 35
20, 666, 361 32
66 banks.
$12, 785, 262 971, 962, 000 00
125, 000 00500 00
201,768 801,099.302 30
793, 953 65653, 997 03684, 932 89204,412 83156, 305 8897, 314 38
462, 955 0017, 399 97
922, 520 501, 097, 842 00
88, 078 79
21, 353, 546 99
68 banks.
$13, 088, 748 871,930,000 00
125, 000 001, 000 00
180, 259 741, 088,126 87
892, 823 52726,597 01695, 536 7691, 566 42
152, 875 81103, 943 38
430, 747 0020, 807 91
971,174 131,159, 363 00
93, 897 66
21, 752, 468 08
68 banks.
$13, 777, 215 511,950,500 00
125, 000 00
263, 343 881, 292, 962 99
886, 802 36694,445 90735,164 89140, 072 00153, 917 80233,156 32
485, 615 0013, 567 43
6 00883,443 15
1,002,463 00
95,461 53
22, 733,137 76Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 2 2 1
by /States and reserve cities—Continued.
L OUISI AN A.
Liabilities
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unnaid
Individual deposits..
Dept'sU.S.dis.oflicers
Due to national banks
Due to State banks ..
Notes re-discounted
Total
DECEMBER 20.
1 bank.
$100, 000 00
6, 000 008, 713 02
90, 000 00
82, 305 14
287, 018 16
March. 10.
1 bank.
$100,000 00
7, 000 004, 698 63
90, 000 00
8 00
85, 594 11
287, 300 74
M A Y I .
1 bank.
$100, 000 00
7, 000 007, 218 86
90, 000 00
4 00
69, 614 18
5, 275 64
279,112 68
J U L Y 1.
1 bank.
$100,000 00
9,000 00874 54
90, 000 00
1, 312 00
72,191 85
3, 842 18
277,220 57
OCTOBER 1.
1 bank.
$100, 000 00
9, 000 004, 455 10
90,000 00
88 00
70, 220 28
273, 763 38
CITY OF NEW ORLEANS.
Capital stock
Surplus fundUndivided profits
Xat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits..U. S. depositsDept ' s U. S.dis.oflices
Due to national banks
Due to State banks . .
Notes re-discountedBills payable
Total
8 banks .
$3, 525, 000 00
1,195, 000 00735, 731 34
1, 980, 930 00
18,115 48
9, 514, 184 70
446,156 43
895,321 87
18, 310, 439 82
8 banks.
$3, 525, 000 00
1, 257,132 42486, 953 82
1, 965, 050 00
20, 977 03
10, 991, 687 17
1, 030, 735 58
1, 029, 921 41
8 banks.
$3, 525, 000 00
1,257,132 42603, 540 87
1, 954, 595 00
18,147 03
11, 081, 315 07
1, 002, 655 48
837, 301 53
20, 307, 457 43 | 20, 279, 687 40
8 banks.
$3, 525, 000 00
1, 296, 715 70360, 974 38
1, o53, 545 00
85,151 08
10,174, 445 44
391,474 07
754, 997 53
18,142, 303 20
8 banks.
$3, 525, 000 CO
1, 296, 715 70501, 887 45
1, 886, 345 00
11, 244 75
8, 923, 526 74
385, 633 55
828, 677 56
17, 359, 030 75
TEXAS.
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits ..U. S. depositsDep'tsU.S.dis. officers
Due to national banks
Due to State banks...
Notes re-discounted..Bills payable
Total
61 banks.
$6 142,100
1, 712, 7101,159,108
1, 653, 495
1, 360
8, 285, 51544, 45272, 084
315, 978
577, 237
303,528384, 758
20, 652, 328
00
7639
00
00
305021
95
32
3614
93
65 banks
$6,551,800
1,916,100653, 076
1, 700, 465
6,898
8, 308, 81527, 73957, 436
403, 775
513, 577
396, 867129, 750
20, 666, 361
00
2816
00
25
121396
31
17
9400
32
66 banks
$6, 676,100
1,948,460840, 426
1, 729, 595
1,097
8, 499, 43369, 84962, 320
472, 013
490,274
412, 226151, 750
21, 353, 546
00
2899
00
00
892775
10
58
1300
99
68 banks
$6, 805, 000
2, 016, 411626, 324
1, 686, 755
80, 520
8, 873,13136, 59774, 472
436, 695
534, 532
415, 276166, 750
21, 752, 468
00
5482
00
00
966653
83
71
0300
08
68 banks .
$6 880 000
2, 002, 202844, 255
1, 739, 250
2,148
9,183, 87251,48140, 563
482,185
542, 718
744, 053220, 406
22, 733,137
00
9144
00
00
321901
93
68
5865
76Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
222 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884, arranged
ARKANSAS.
Resources.
Loans and discounts.Bonds for circulation.Bonds for deposits...IT S bonds on handOther stocks and b'dsDue from res've ag'tsDue from nat'l banks.Due from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..U. S. cert's of deposit.Due fromU. S. Treas.
Total
DECEMBER 20.
4 banks .
$994, 441 24230,000 00100,000 00
64,037 47270, 708 9233, 680 6121, 226 1917, 600 594,110 155,143 452, 845 44
54, 705 00799 19
75,537 05128,191 00
10, 350 00
2,013,376 30
MARCH 10.
5 banks.
$920, 739 33260, 000 00100, 0 i0 0040,000 0067,793 19
329, 675 4185, 711 8231, 946 7618,425 282, 339 476, 343 45
21, 046 70
41, 977 001,115 92
116, 592 8569, 520 00
10, 660 00
MAY 6.
6 banks.
$1,431, 618 29310,000 00100, 000 00
40, 200 0057, 597 04
495, 976 5098, 072 2773, 272 6423,682 66
6, 823 067, 880 45
10, 589 04
74,569 002, 415 93
160, 468 75105, 211 00
14,841 40
2,123, 887 18 j 3, 013, 218 03
JULY 1.
6 banks.
$1, 533,162 21310,000 00200,000 00
' 40,200 0057, 409 04
347,153 4741, 670 8552, 506 2523,682 664, 306 52
11,005 457, 200 53
42, 336 003, 403 00
120, 989 0084, 250 00
14, 098 40
OCTOBER 1.
6 banks .
$1, 801, 245 41360, 000 00100,000 0040,200 0051, 256 18
251,680 9511, 776 0525, 306 3123,682 66
2, 309 7011, 005 45
2, 804 52
32, 975 003, 556 60
119, 543 3084,711 00
16, 256 00
2, 893, 373 38 | 2, 938, 309 13
KENTU CK Y.
Loans and discountsBonds for circulation.Bonds for deposits..IT. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..IT. S. cert's of deposit .Due from TJ. S. Treas
Total
58 banks .
$14, 871, 270 476, 939, 700 00
450, 000 007, 050 00
824, 035 691, 259, 028 70
618,433 83239, 790 65536, 250 25151, 760 38316, 970 9667, 392 37
242, 533 004, 275 46
471,632 80421,422 00
299, 692 03
27, 721, 238 59
59 banks .
$15, 053, 997 016, 964, 700 00
450, 000 004, 500 00
826,831 251,198,141 81
686, 864 49268, 657 98531, 509 06
82, 039 00305, 655 83
65, 643 84
278,661 004,490 07
508, 747 54457, 298 00
286,780 65
27,974,517 53
59 banks .
$15,444,770 186, 815, 300 00
450, 000 004, 200 00
660, 574 27948, 944 52610, 958 46183, 276 26520,138 39104,190 26314, 870 9566, 365 74
317, 474 004,113 01
564,118 46418, 099 00
278, 809 00
27, 706, 202 50
59 banks .
$15,401,401 046, 615, 300 00
450, COO 003, 350 00
693, 795 331, 024, 025 83
570, 020 28] 39, 033 67501, 204 44
33, 662 15301,174 49110,154 74
278, 909 004,565 60
562,195 52397, 748 00
255, 906 00
27, 342, 446 09
59 banks .
$14,942,400 236, 440, 300 00
450, 000 008, 200 00
722,801 951, 240, 709 77
748, 704 95200,415 98501,174 80127, 064 10295, 379 36
57, 224 92
278, 553 004, 608 786, 851 10
624, 241 25402, 633 00
278,154 20
27, 329, 417 39
CITY OF LOUISVILLE.
Loans and discountsBonds for circulationBonds for deposits...TJ. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currencyTrade dollarsSpecieLegal-tender notes ..U. S. cert's of depositDue from IT. S. Treas
Total
9 banks .
$7, 753, 3483, 033, 700
900, 0006, 450
144, 412441, 397247,135148, 908118, 626
38, 229165, 58447,19169,11942,448
512
265,104295, 550
138, 514
13, 856, 234
220000007544692580466263670075
9000
00
18
9 banks .
$7, 747, 8513, 033, 700
900, 0006,450
291, 156387, 202181, 782176, 675124, 046
58, 440163, 80037,12836, 90148, 920
546
427, 516378, 890
137, 513
14,138, 523
620000009637241105868785700014
8000
50
07
9 banks .
$7, 984, 8443, 033, 700
900, 0001, 450
280,189410, 912188, 153137, 064132, 524
28, 840163, 62829, 89526, 65143, 423
570
259, 045323, 800
138, 513
14, 083, 205
560000002350492481203717190033
1500
75
99
9 banks.
$7, 753, 9253, 033, 700
900, 0003,950
364, 975551, 595206, 021116, 821173, 524
17, 908170, 00552, 98934, 90546, 994
416
311, 723333,430
142, 014
14, 214, 900
500000001001824923497389880053
0500
00
72
9 banks .
$7, 788,1532, 833, 700
900, 0001,350
340, 230431, 609267, 913126, 333173, 439
81, 384162, 09653, 85950, 36571, 997
1,0301,170
38fy 468511, 420
130, 514
14, 313, 036
550000009055773445098772440012004000
00
20Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 223
by States and reserve cities—Continued.
ARKANSAS.
Liabilities.
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits..TJ. S. depositsDp'tsU.S.dis.officers.
Due to national banks
Due to State banks...
Notes re-discounted.Bills payable
Total
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits..U. S. depositsDep'tsU.S.dis. officers
Due to national banks
Due to State banks...
Notes re-discounted..Bills payable
Total
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits ..U. S. depositsDep'ts U.S.dis.officers
Due to national banks
Due to State banks...
Notes re-discounted..Bills payable
Total
DECEMBER 20.
4 banks.
$405, 000 00
148, 273 8144, 354 70
205, 700 00
890 00
1,057,051 4655, 298 4915, 388 81
2, 299 79
13, 697 24
55, 422 0010, 000 00
2, 013, 376 30
58 banks.
$9, 458, 900 00
1, 849, 084 49818, 027 97
6,192, 860 00
15, 627 50
8, 245, 429 05321, 933 39
3, 821 07
424, 628 11
293, 037 21
53, 385 0044, 504 80
27, 721, 238 59
C I T Y
9 banks .
$3, 551, 500 00
791, 603 68221, 514 08
2, 730, 004 00
9, 624 00
2, 870, 826 27640, 536 04154, 470 54
1, 221, 048 96
1,108, 052 98
472, 053 6385, 000 00
13, 856, 234 18
MARCH 10.
5 banks.
$505,000 00
160, 584 5228, 711 33
204,700 00
1, 703 00
1,102,701 9861, 338 5713, 456 56
5, 933 09
35, 258 13
4, 500 00
2,123,887 18
KENTU
59 banks .
$9, 620, 500 00
1, 909, 968 77586, 610 26
6,214,710 00
21,106 50
8, 400, 947 20337, 709 16
13, 458 01
400, 583 11
331, 695 97
81,191 2056, 037 35
27, 974. 517 53
or L ou9 banks .
$3, 551, 500 00
795, 603 68263, 935 08
2, 723, 804 00
5, 690 00
2, 914, 171 79698, 810 2784, 841 36
1, 451, 698 54
1, 281, 962 66
281.505 6985, 000 00
14,138, 523 07
MAY 6.
6 banks.
$705, 000 00
163, 889 8445, 230 57
256,100 00
1, 286 00
1, 690, 962 6558, 464 3419, 208 96
15, 668 47
51, 088 03
6; 319 17
3, 013, 218 03
CK Y.
59 banks.
$9,628,900 00
1, 814, 453 76717, 443 96
6,110, 720 00
16, 385 50
8, 057, 589 61331,674 11
17, 593 66
424, 503 11
319, 579 44
208,828 7358, 530 62
27, 706, 202 50
ns VILL
9 banks.
$3, 551, 500 00
803, 474 48215,893 10
2, 721, 704 00
27, 973 50
2, 986, 974 09633, 394 81148, 751 27
1, 415, 927 43
1,154, 756 63
372, 856 6850, 000 00
14,083, 205 99
JULY 1.
6 banks.
$705, 000 00
166,170 3239, 071 31
277, 700 00
12, 816 00
1, 548, 000 70• 58,144 98
8, 469 31
33, 217 59
34, 464 00
10, 319 17
2, 893, 373 38
59 banks .
$9, 708, 900 00
1, 937, 585 68460, 410 17
5, 914, 200 00
129, 805 50
8, 049, 297 71315, 339 7111,137 59
267, 860 67
304, 654 98
231, 229 1812,024 90
27, 342, 446 09
E .
9 banks .
$3, 551, 500 00
809,441 26184, 547 80
2, 730,180 00
42, 546 50
3, 216, 983 57609, 450 61153, 560 20
1, 473, 796 74
1,146, 748 01
266,146 0330, 000 00
14,214, 900 72
OCTOBER 1.
6 banks .
$705, 000 00
166,170 3247, 839 71
323,300 00
2, 553 00
1, 513, 893 0632, 923 2511,378 08
20, 581 43
31,484 96
83,185 32
2, 938, 309 13
59 banks.
$9, 648, 900 00
1,922,323 18695, 237 61
5, 714, 770 00
26, 970 00
8,233,931 38333,738 14
9,350 22
350,489 31
269,188 73
124, 518 82
27, 329, 417 39
9 banks.
$3, 551, 500 00
809,441 26312, 680 28
2, 550, 230 00
5, 304 00
3, 401, 878 31603, 970 84178, 631 12
1, 335, 832 28
1, 214,244 25
349, 323 86
14, 313, 036 02Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
224 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884, arranged
TENNESSEE.
Resources.
Loans and discounts.Bonds for circulation.Bonds for deposits ..U. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banks.Due from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear' g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..U. S. cert's of depositDue from U. S. Treas.
Total
DECEMBER 20.
33 banks .
$11,080,448 172, 534, 000 00
350, 000 005,700 00
460,199 041, 034, 901 71
520, 210 26141,407 18430, 676 79116,982 91136,943 632*17, 406 30
94, 927 56412, 983 00
2, 514 89
662, 455 61493, 426 00
123, 216 08
18, 818, 399 13
MARCH 10.
33 banks .
$11, 461, 722 432, 534, 000 00
350, 000 0024,100 00
462, 749 62964,611 19827,142 63177,110 52436, 746 15120,112 53152,154 88165,128 38
69, 842 53386,140 00
3, 375 29
860, 559 54564, 320 00
131, 939 67
19, 691, 755 36
MAY 6.
32 banks .
$11,240,560 852, 484, 000 00
350, 000 0025, 950 00
461, 150 718(M, 649 64575, 489 33160, 468 37411,416 20110, 864 57151, 903 38188, 912 7056, 549 40
339, 473 003, 429 23
799, 069 25559,135 00
125, 647 42
18, 850, 669 05
JULY 1.
33 banks .
$11, 030, 213 332, 496, 500 00
350, 000 0026, 900 00
488, 078 56893, 546 40426, 382 63162, 478 68416,227 49
26, 049 24140, 923 53295, 421 45
22, 856 87292, 359 00
4, 552 65
779, 611 78455, 787 00
110, 856 92
18,418, 745 53
OCTOBER 1.
32 banks .
$11, 554,177 462, 371, 500 00
350, 000 00-4, 050 00
459, 878 24703,714 57429,219 08146, 608 30403, 947 51
57,469 64144,143 91173, 109 5237,194 63
232, 090 002, 906 312,161 50
696, 815 02517, 389 00
111,408 65
18, 397, 783 34
OHIO.
Loans and discounts.Bonds for circulation.Bonds for deposits...U. S. bonds on hand..Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear' g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..U.S. cert's of deposit.Due fromU. S. Treas.
Total
183 banks.
$41,005,521 0215, 589, 750 00
500,000 00304, 500 00
2, 343, 982 593. 383, 746 38i; 260, 280 95
388,063 801, 683, 898 52
250, 224 90429,130 51398,340 10
16, 945 37989, 427 0024, 206 88
2, 323, 566 352,482, 770 00
5, 000 00697, 276 03
74, 576, 630 40
184 banks
$40, 559, 08715, 500, 250
450, 000442,000
2, 265, 0754, 325, 5801, 373, 646
442, 3501, 690, 454
380, 426460, 881351, 631
25, 2241, 329, 675
29,185
2, 549, 0362, 667, 646
5, 000714, 892
75, 562, 044
890000001964567312275782530097
42000013
84
183 banks
$40, 828, 29715, 362, 250
450, 000339, 750
2, 263,1953, 393, 6691, 323, 750
388, 6991, 696, 001
234, 406442,529354, 665
23, 7241,182, 529
29, 326
2, 644, 7092, 552, 562
5,000682, 362
74,197, 427
020000004051541705527702290040
61000048
78
183 banks .
$41, 241,136 7615, 327, 350 00
525, 000 00363,600 00
2,172, 516 593, 916, 287 421, 361, 325 33
448, 072 021,704,909 10
194,981 38441,158 19420, 765 05
20, 512 06989, 848 0026, 051 64
2, 345, 811 322, 279, 216 00
658, 656 88
74, 467,197 74
183 banks .
$40, 932, 229 4415,195, 250 00
525,000 00381, 800 00
2, 070, 628 874,131, 559 241, 286, 986 81
478, 449 331, 770, 944 62
400, 951 50446, 725 22350, 951 93
63, 588 201, 459,125 00
25, 904 6227,368 20
2, 671, 002 092,850,541 00
727, 793 48
75, 796, 799 55
CITY OF CINCINNATI.
Loans and discountsBonds for circulation.Bonds for deposits . -TJ. S. bonds on hand..Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, <fec......Current expensesPremiums paidClear'g-house exch'gsBills or other banks..Fractional currency.SpecieLegal-tender notes ..U. S. cert's of depositDue fromU. S. Treas.
Total
12 banks
$17, 469, 7466, 084, 0001, 013, 000
627, 050522, 851
2, 023, 7651, 369, 486
703, 501229, 670147, 224471, 964
72, 301348, 601289, 348
1,998
450,1971,163, 956
805, 000291, 375
34, 088, 039
870000000551888725950846920041
55000000
80
12 banks
$17, 900, 7386, 084, 0001, 013, 000
436, 950900,315
2, 305, 4301,173, 239
837,159219, 961170, 005474, 718
53, 614291, 659470, 666
3,334
624, 7381, 455, 7351, 060, 000
285, 275
35, 760, 540
350000008005511363255310580065
00000000
58
12 banks
$18,6,1,
1,1,
1,1,
35,
645, 664084, 000013, 000448, 650984, 235514, 393189, 388756, 371228,101
99, 578492, 592
85, 379328, 049274, 411
2,188
524, 828269, 289190, 000310,175
440, 298
0800000080789685921781
920012
90000000
53
12 banks.
$186,1,
1,1,
280, 358 87084, 000 00188,000 00283, 500 00070, 390 89818, 066 85
1,173, 925 73
1,
34,
660, 654 68227, 913 4288,383 04
487, 372 9467 418 47
302, 343 58227, 343 00
2,862 52
446,406 00160,122 00815,000 00281, 875 00
665, 936 99
12 banks .
$18, 666, 7065, 585, 0001,188, 000
304, 5001, 027,1252, 235, 2121, 323, 634
701, 747228, 033182, 777451, 361
63 720331, 599355, 412
3,41113 471
1, 048, 0871, 976, 2851, 410, 000
254, 670
37, 350, 754
6200000032199027560664
5100270000000000
97Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 225
by States and reserve cities—Continued.
TENNESSEE.
Liabilities.
Capital stock !
Surplus fund iUndivided profitsNat'l bank circulation':State bank circulation!.
Dividends unpaid |
Individual deposits... |U. S. deposits j
Dep'ts U.S.dis.officersi
Due to national banks
Due to State banks..Notes re-discounted..Bills payable
DECEMBER 20.
33 banks.
$5, 035, 300 00
1, 066, 106 75634, 338 40
MARCH 10.
33 banks .
$5,110, 300 00 I
1, 079, 920 39 !512, 780 71 I
MAY 6.
32 banks.
U, 942, 500 00
991, 904 89547,740 07
JULY 1. ! OCTOBER 1.
33 banks .
$5, 00,000 00
1, 006, 264 24387,122 17
2, 259, 350 00 , 2, 257,150 00 j 2, 227, 850 00 | 2, 214, 750 00
32 banks
$5, 007, 500 00
998, 499 82473, 495 19
2,114, 010 00
1, 966 00
8, 462, 532 01207, 861 62108, 079 29
540, 086 01
295, 704 34
195, 074 7112, 000 00
24, 733 50 |
9,180, 403 76187,621 86 ,91,200 83 j
!630, 505 50 j
543, 217 48 j
61, 335 83 |12, 585 50 s
1, 276 00
8,521,668 41215,987 0872,474 21
671, 380 25
517,943 01
127, 359 6312,585 50
Total 18, 818, 399 13 ! 19, 691, 755 30 j 18, 850, 669 05
11, 864 00
8, 448, 358 05208, 314 37
71, 799 07
511, 279 40
380,378 10 I
152, 030 6326, 585 50 j
1, 476 00
7, 783, 995 25212, 754 53
53, 048 19
850, 234 52
448, 884 32
447, 885 526, 000 00
18,418,745 53 j 18,397,783 34
Capital stock
Surplus fundUndivided profits....
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits..U. S. depositsDep'ts U. S. dis. officers
Due to national banks
Due to State banks...
Wotes re-discounted..Bills payable
Total
183 banks
$22
41
13
014, 000
546, 232877,033
861, 3304,386
32,181
00
8325
0000
60
29, 825,168 96373, 512 48
72, 009 70
1
74
080, 539
398, 722
365, 605125, 908
576, 630
83
73
0002
40
O HI
184 banks
$22, 044, 000
4,510,8121, 918, 9 J9
13, 743, 2554,376
17, 845
30, 778, 960347, 917
52, 469
1, 252, 689
481,162
322, 63787, 000
75, 562, 044
00
3613
0000
60
319447
10
01
9200
84
o.183 banks
$21
41
13
964, 000
480, 777635, 891
619, 7804, 376
54,191
29, 833, 708441, 89649,132
1
74
267, 914
438,183
269, 683137, 893
197, 427
00
3997
0000
60
730549
17
03
3005
78
183 banks
$21,
41,
13
30
1
74
984, 000
553, 031448, 402
665, 6244, 376
109, 910
360, 771394, 806
36, 841
064, 006
422, 874
324, 22098, 333
467, 197
00
4462
0D00
20
800493
09
06
2333
74
18c
$21,
4,1,
13,
31,
1
banks.
909, 580
562, 511962, 587
474, 5794,376
31,660
594, 912431, 581
52, 869
094, 983
480,119
163, 70633, 333
75, 796, 799
00
0257
0000
30
379951
03
28
1533
55
CITY OF CINCINNATI.
Capital stock
Sitrplus fundUndivided profits....
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits ..U. S. depositsDep'ts U.S.dis.officers
Due to national banks
Due to State banks ..
Notes re-discounted..Bills payable
Total
12 banks .
$8
1,
5
11
600, 000
119,500749,196
455, 600
22, 807
319, 355870, 000
3, 895, 077
1
34
653, 503
403, 000
088,039
00
0018
00
00
4000
99
23
00
80
12 banks
$8, eoo, ooo
1,170, 500037, 705
5, 392, 000
3,518
11, 939, 098870, 000
4, 711, 978
2, 032, 739
403, 000
35, 760, 540
00
0073
00
00
4200
49
94
00
58
12 banks
$8 600,000 00
1,180, 000 00552, 936 37
5, 3U6, 800
46, 671
12, 438, 700870, 000
4, 581, 388
1, 405, 802
398, 000
35, 440, 298
00
00
5000
34
32
00
53
12 banks
$8, 600. 000
1
5,
12
3,
1
34
206, 000452,104
430, 600
94, 014
207, 578957, 991
724, 572
600, 075
393, 000
665, 936
00
0096
00
00
0809
95
91
00
99
12 banks .
$8 600 000
1, 208, 000714, 490
4, 947,120
19,125
14, 060, 8031, 035, 000
4, 691, 568
1, 681, 646
393, 000
37, 350, 754
00
0061
00
00
8200
97
57
00
97
5745 OUE- -15Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
2 2 6 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884, arranged
CITY OF CLEVELAND.
Resources.
Loans and discountsBonds for circulationBonds for deposits . .TJ. S. bonds on hand. .Other stocks and b'dsDue from res've ag' tsDuo from nat ' l banks .Due from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currencyTrade dollarsSpecieLegal-tender notes ..TJ. S. cert's of depositDue from TJ. S. Treas.
Total
DECEMBER 20.
8 banks.
$11,284,268 29555, 000 00550, 000 00
2, 300 00485, 376 62
1, 344, 348 38903, 027 33346, 694 78726, 948 49
39, 672 3047,158 7543, 993 4497, 308 05
192, 348 004, 677 25
465, 169 551,122, 000 00
15,000 0024,474 50
18, 249, 765 73
MARCH 10
8 banks.
$11,193, 507655, 000500, 000
2, 300487, 469
1, 519, 466809, 273288, 951717, 407118,691
33, 15345, 346
100, 999263, 452
8,884
771, 454877, 000
15, 00030, 375
18,437,733
160000001268821491877573140060
21000000
13
MAY 6.-
8 banks .
$11, 549, 466655, 000500, 000
2, 300473, 331
1,023,6161, 016, 665
265, 913715,752
96425,12555, 85397, 687
346, 95812, 694
753, 6241, 038, 500
15, 00035, 075
18, 583, 528
440000006242465748590061440059
IS000000
35
JULY 1.
8 banks.
$11,529,982655, 000500, 000
2,400467,119
1, 325, 5671,167,609
38T, 406715,515
36, 66625, 12534 038
143, 711145, 329
6, 871
787 112857, 000
15, 00029, 575
18, 831, 031
280000001234147673710091630070
81000000
13
OCTOBER 1
8 banks.
$11, 5R3, 040655, 000500, 000
2, 400462, 469
1,160, 6411,041,065
410. 209714,811121, 68825,12545 916
143, 657446, 734
3, 5831 100
911 225985, 000
15, 00031,574
19,221,243
7000000012019771399800411700660041000062
15
Loans and discounts.Bondsfor circulation.Bonds for deposits ..TJ. S. bonds on hand..Other stocks and b'dsDue from res Ve ag'ts.Due from nat'l banks.Due from State banksReal estate, &cCurrent expenses. ...Premiums paidCash itemsClear1 g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..U. S. cert's of depositDue from U. S. Treas
Total
93 banks.
$24, 792, 9438,197, 800
850, 000372, 950
1, 756, 8473, 003, 0201, 740, 838
240, 5181, 270, 102
310000002393249083
272, 356 62179,018222, 894
78, 310846, 335
14, 573
1, 693, 5641, 826, 091
10, 000358, 052
47, 726, 218
8647710059
10000071
50
INDIA
89 banks.
$22,393,1H6 186, 995, 800 00
850, 000 00323, 350 00
1, 504, 658 012, 747, 334 311,702,725 34
256,647 971, 063, 459 56
125, 425 00172, 102 90242, 538 1169, 495 93
776,733 0014, 806 69
1, 781, 824 861, 859, 134 00
10, 000 00303, 774 79
43,193, 006 65
N A.
90 banks
$22, 858, 3257,150,800
850, 000323, 200
1, 498, 6753,190, 5791,933,683
267, 7561, 083, 470
250, 275224, 248203,710
59, 2481,064,254
16, 070
2, 062, 3771, 860, 000
10, 000308, 066
45, 214, 743
930000001084237066154032910093
55000070
42
90 banks.
$23, 276, 7677,146, 800
850, 000323, 850
1, 521, 9043,105, 0371,497,797
327, 6701, 091, 646
67, 152210, 927197,41655, 692
937, 36616, 055
1, 979, 7031, 623, 862
10, 000306, 339
44, 545, 988
670000006029320849321876560076
05000007
15
90 banks .
$23, 357, 584 517, 516, 800 001, 050, 000 00
315,350 001, 515, 020 003, 450, 208 051, 768, 900 92
297, 506 351,106, 061 09
179, 9nl 98241, 796 41268, 284 6546,859 43
976, 396 0013,491 7816 299 40
2 097, 272 27l | 598, 277 00
10,000 00335, 616 42
46,191, 676 26
ILLINOIS.
Loans and discounts.Bonds for circulationBonds for deposits ..TJ. S. bonds on hand..Other stocks and b'dsDuefromres'veag'ts.Due from nat'l banks.Due from State banksHeal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency .Trade dollarsSpecieLegal-tender notes ..XT. S. cert's of depositDue from U.S. Treas
Total
152 banks .
$29,122, 459 707, 223, 750 00
845, 000 00429, 950 00
2, 089, 093 854, 808, 205 601, 045, 786 97
211,278 771, 228, 618 58
256, 781 44352, 496 21296, 205 65
29, 671 31773, 825 00
16, 525 90
1,974,944 511, 642,101 00
10, 000 00334, 517 46
52, 691, 211 95
150 banks.
$29, 214,179 497, 017, 950 00
845, 000 00443, 450 00
2,152, 914 755, 825, 305 401, 399, 690 46
161, 906 701, 236, 953 60
198, 581 95385, 010 78327, 510 7647,791 40
1,137, 635 0016, 546 51
2, i47, 439 672, 214, 251 00
20,000 00326,711 57
55,118, 829 04
151 banks .
$30, 059, 644 457,108, 250 00
845, 000 00363, 950 00
2, 043, 305 126, 248, 238 601, 454, 565 09
226, 567 691,244,041 84
279,432 79365, 237 78279,818 0954,146 54
955, 377 0016, 207 66
2, 351, 394 881,917,635 00
10, 000 00333, 265 77
56,156, 078 30
151 banks .
$30, 277, 363 227, 033, 250 00
845, 000 00401, 000 00
2, 040, 805 876, 908, 593 141,170, 392 43
225, 346 301, 250, 265 42
145, 705 48366, 736 37327,221 3057, 312 92
931, 832 0016, 744 44
2, 401, 802 761, 781, 488 00
10, 000 00342, 763 12
56, 533, 622 77
153 banks .
$30, 947, 481 906, 912, 750 00
845, 000 00333, 450 00
2,145, 262 045, 348, 092 491, 321, 354 11
176,321 371, 291, 632 46
193, 302 27367, 663 85312, 612 51
63, 530 28814, 668 00
15,917 372, 785 20
2, 440, 263 491, 637, 231 00
10, 000 00340, 492 07
55, 519, 810 41Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 227
by States and reserve cities
Liabilities.
Capital s'-oek.
Surplus fundUndivided profits-.
"NnV\ bank circulation
Dividends unpaid
Individual deposits ..U. S. depositsDep'ts U.S.dis.oilicers
Due to national banks
Due to State banks.
Notes re-discountedBills payable
Total
Capital sto;-"k .
Surplus fundHJTi;ii vi.-.ie<! profits.. . .
5^M»a!l^'!re-!!vi°n
Di\ ulemis unpaid
Iudr-\ iuMal deposits -.r . S . • ' C ; M > V . ; * S
Due to national banks
Dae LO State b.mks.. .
Notes re-dis:-s*unted..Bills pavable
i'ornl
Capital stock
Surplus fundUndivided pro tits
Nat'l bank circulationState bank circulation
Dividends unpaid.. . .
Iudiwdual deposits -U < d-Mt.^sDeu'ts r.S.«lis.o(iicers
Due to national banks
Due t't State ban!'-*
N< • s i ' - d i - i • u n t e d
I M N •• . i l i • . . . .
C I T Y
DECEMBER 20.
8 banks.
$5, 66-i, 100 00
705, 000 00437, 545 79
494,460 00
1,753 00
8, 225, 299 55447, 112 93
70, 272 45
1, 076, 394 77
763, 489 57
151 337 67213, 000 00
18, 249, 705 73
93 banks.
$13, 209, 500 00
3, 649, 288 881,803,903 53
7,317,430 00
12, 160 37
18, 00-\ 009 08404, 702 45200 549 29
1, 273, 855 02
657, 759 83
81,000 0028, 000 00
47,726,218 50
152 banks .
$13, 494, 600 00
4,202,531 112, 071, 623 46
6, 465, 483 00
22, 987 67
24, 604, 291 84711,661 6345,981 15
393, 388 13
377, 226 54
270, 137 '12:r>, ooo oo
:>" i; i .MI 95
(Jon tinnedOF CLEVELA
MARCH 10
8 banks.
$0, 200, 000
545, 000416,270
489, 410
394
8, 482, 996438, 730
53, 93L
793,185
772,814
245, 000
18, 437, 733
00
0092
00
00
982338
04
58
00
13
MAY 6.
8 banks.
$0, 200, 000
1)29, 000115,358
589, 410
N
00
0010
00
79, 008 00
8, 654, 763514. 165
16, 372
771,562
740, 873
17 016256, 000
18, 583, 528
INDIANA.
89 banks
$11,734,500
2,964,7151,061,974
6, 229,120
15,764
18,401,854572, 7.T.
1,101,739
797, 304
136, 16113,320
43,193, 006
00
5002
00
49
448107
Gt>
84
0082
65
I L L I N
150 banks
$13, -J96, 500
4,086,9171, 703, 244
6,139, 445
22, 710
27, 806, 540743, 133
30,124
580, 231
531,017
188,96410,000
5."i, 118,829
00
3897
00
00
406808
36
39
7800
04
90 banks .
$11, 869, 500
2, 966, 7971, 230, 273
0, 357, 080
14, 261
19, 523, 522' 590, 048243, 5*8
1, 378, 200
924, 726
81, 74535, 000
45, 214, 743
O I S .
151 banks
$13, 546, 500
4,131, 3021, 884, 644
6, 322, 515
56, 681
28,147, 818755, 746
40, 623
552, 229
557, 859
150,15610, 000
56, 150, 078
160717
24
07
94
00
35
00
4557
00
49
1101iV\
10
73
2700
42
00
5638
00
67
495967
28
89
7700
30
D .
JULY 1.
8 banks .
$6, 200, 000
629, 000229, 252
579, 510
3,174
9, 034, 949466, 632
14, 755
719,134
724, 622
230, 000
38,831,031
90 banks.
$11, 889, 500
3, 003. 929951, 393
6, 359, 280
90, 466
19,439,240566,031116 324
1, 288, 228
711,308
112,28318, 000
44, 545, 988
151 banks
$13, 579, 600
4,199, 6851, 650,127
6, 244, 015
124, 847
28, 462, 967676, 660
62, 873
727, 587
566,313
143, 94695, 000
56, 533, 622
00
0028
00
00
860916
97
77
00
13
00
8544
00
87
776307
93
72
8700
15
00
0276
00
00
443274
22
17
1000
77
OCTOBER 1.
8 banks.
$6, 200, 000 00
629, 000 00417, 627 67
589, 410 00
205 00
8, 998, 619 71472, 566 60
12, 315 36
889, 651 02
881, 847 7»
130,000 00
19, 221, 243 15
90 banks .
$12,189, 500 00
3, 031, 907 59:1,478,693 51
6, 734,150 00
5, 529 39
19, 845, 317 11680,411 34103,122 26
1, 258, 344 84
763, 276 47
97, 423 754, 000 00
46,191, 676 26
153 banks.
$13, 673, 600 00
4,195,183 271, 788, 800 71
6,154, 525 00
28, 994 50
27, 693, 719 52710,460 48
62, 715 16
556, 527 09
452, 537 75
152,746 9350,000 00
55, 519, 810 41.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
228 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 18 84, arranged
CITY OF CHICAGO.
Resources.DECEMBER LO.
12 banks .
Loans and discounts .Bon ds for circuit! tion.Bonds for deposits . .U. S. bonds ou ha nd . .O the r stocks and b 'dsDue from res 've agt 's .Due from nat ' l banks.Due from State banksHeal estate, &cCurrent expensesP remiums paid . . . . iCash i tems IClear'g-houseexch'gs!Bills or other b a n k s . . 'Fract ional cur rency.Trade dollarsSpecie |Legal-teuder notes . . iU. S. cert 's of deposit.:Due from U. S. Treas.
Total .
139, 944, 425 40933,500 00100, 000 00821, 5.10 00
2, 071, 633 074, 822, 909 202,181,497 551, 643, 829 70
246, 530 4250, 919 0961,561 1052, 373 55
2, 557, 568 981, 078,273 00
3,193 24
MARCH 10. I MAY 6.
12 banks. 12 banks .
$43, 045,9J3,100,
1, 051,1, 615,6, 086,3, 443,1, 926,
199,49,51,19,
2, 764,1, 169,
10,
047 04500 00000 00100 00614 30358 42015 17784 62573 58666 04199 51906 06869 94242 00473 85
$42,-580,»33,200,
1, 576,1, 801,5, 391,34
1, 922,200,52,29,21,
3, 279,2, 610,
5,
177 82500 00000 00000 00345 91445 16105 28292 90637 37601 62500 00949 37547 65846 00736 56
7,446,475 15 I 7,479,301 60 8,487,355 785, 747, 074 00 j 5, 625, 812 00 8, 202, 945 00
530, 000 00 i 820, 000 00 | 760, 000 00120.007 50 I 124, 307 50 114, 807 50
70,413,3210] 76,515,77163 81,517,793 92
JULY 1.
12 banks.
$43,659,503 651,183, 500 00
200,000 001,413,950 001, 637, 346 026,269,497 554, 004,195 331, 973, 849 27
684, 898 876, 702 99
140,103 2026,240 04
4, 994, 571 282, 028, 772 00
5, 747 66
9, 403, 694 057,171, 042 00
960,000 0080,257 50
OCTOBER 1.
12 banks .
$46, 018, 905 811,183, 500 00
200,000 001,438,650 001,934,031 656, 622, 633 643, 912,173 941, 704, 323 49
681, 159 6131,114 85
110, 875 9518, 484 70
4, 645, 655 05996, 495 00
5, 363 162 40
9, 673, 253 805,191,100 00
720, 000 00102,757 50
85, 843, 871 41 | 85,190, 480 55
MI CHIG AN.
Loans and discountsBonds for circulationBonds for deposits...U. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banks.Due from State banksReal estate, &cCurrent expensesPremiums paidGash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Specie . . . .Legal-tender notes ..XI S cert's of deportDue fromU. S. Treas
Total
97 banks .
$20, 765, 0524, 210, 000
50, 00061,550
628, 7732, 979, 239
487, 422133, 040974, 860210, 061150,452195, 984
525, 01411,020
1,461, 587873,163
199,165
33, 916, 387
390000002653236947224315
0070
6400
89
60
97 banks .
$21,4,
3
\
34
035. 561105 000
50, 00080,150
520,526260, 556705,851102,777898, 740119, 846149, 574190, 525
425, 03115,777
573, 843755, 545
192,473
, 181, 780
070000002481254220837923
0070
1500
64
33
97 banks
$21, 953, 4493, 985, 500
50, 00075,150
529, 1132, 362,161
562, 474119,392913, 286184, 207165, 760190, 816
539, 06416, 275
1, 586, 474777, 263
190, 386
34, 200, 776
600000000974549260684369
0030
5400
44
63
97 banks .
$21,801,433,733,935,500 00
50, 000, 0078, 000 00
477,987 232, 885, 722 68
513, 539 67100,40(5 30929, 864 8542, 181 02
161,770 75182, 653, 98
518,716 0011,817 56
1, 507, 978 36752, 615 00
195,123 09
34,195, 310 22
97 banks .
$21, 465, 8023, 958, 000
50, 000352, 550607, 339
4,151, 874598,185108, 708934, 005156, 082218, 441218,987
498, 36111, 544
3, 6381, 616, 226
795, 222
185, 908
35, 930, 879
850000006990471159996232
007560?400
24
37
CITY OF DETROIT.
Loans and discounts.Bonds for circulation.Bonds for deposits ..U. S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banks -Due from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currencyTrade dollars . .SpecieLegal-tender notes ..XT S cert's of depositsDue from U. S. Treas.
Total
5 banks .
$7, 922, 684883, 400500, 000
35, 00064,175
1, 593, 4431,137, 829
163,14790, 66438, 071
100, 00022,133
169, 054162, 468
17, 647
895,199594, 283
60, 988
14,450,190
32.000000001704907380004V,980070
?000
37
63
5 banks .
$8,170,644883, 400500, 0 0
35, 00063, 942
1, 497, 9021,097,762
200, 64190, 66442, 73795, 00039, 663
183, 82977, 28013, 377
874, 032573, 670
54, 349
14,493, 899
2500000080493660739300
n720076
3700
40
15
5 banks .
$8,406, 422833, 400500, 000
35, 00063, 942
1, 039, 727785, 212167, 88990, 66420, 56692, 00019, 770
122, 916162, 624
8,548
911, 314650, 534
52, 498
13, 963, 032
340000008032926373000038230014
7500
80
04
5 banks.
$8, 205, 541733, 400800, 000
35, 00052, 075
1,180,586678, 737164, 640
90, 66410, 425
159,12552, 798
262,168131, 088
7,133
922, 251466, 665
40,450
13, 992, 750
740000000082822773010067450027
1600
00
94
5 banks .
$8, 513, 281500, 000500, 000100, 000
3, 4251, 651, 3371,331,389
223, 66390, 66418, 699
125, 37543, 853
218, 843100, 825
14,189
987,487662, 266
34, 500
15,119, 802
770000000090733673290094890015
7500
00
51Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 2 2 9
by States and reserve cities
C I T
Con tinned.Y OF CHICAGO.
Liabilities.
Capital stock .
Surplus fundUndivided profits
Nat ' l bank circulationState bank circulation
Dividends unpaid
Individual depos i t s . . .U. S. deposits
Dep' ts U. S. dis. officers
Due to national banks
Due to State b a n k s . . .
DECEMBER 20.
12 banks
$10, 550, 000
3, 040, 0(01, 884, 838
745, 350
1,399
32, 222, 82866, 966
13, 215, 712
00
0075
00
00
7571
71
MAliCH 10.
12 banks.
$11, lf>0, 000
2, 890, 000858, 930
674,150
2, 809
34,311,16758, 900
15, 452,172
00
0039
00
50
4087
23
MAY 6.
12 banks
$11, 725, 400 00
2, 640, 000 00737, 953 99
658, 550
4,430
36, 826, 970144, 595
17,061,545
00
00
8609
32
JULY 1.
12 banks
$11, 750, 000 00
2, 656, 600 00576, 814 03
623, 450
209, 029
39, 518,157124, 822
17,918,261
00
00
2854
73
OCTOBER 1.
12 banks.
$11,
2,
40,
17,
750, 000
691, 600692,660
722, 850
64, 002
970, 738145, 079
039, 310
00
0039
00
00
9372
6e
8,686,225 09 ; 11,117,641 24 | 11,718,348 66 I 12,466,736 83 j 11,114,238 85
Bills payable.
Total 70,413,321 01 76,515,771 63 81,517,793 92 85,843,871 41 85,190, 480 55
Capital stock.
Surplus fundUndivided profits
!N"at'l bank circulationState bank circulation
Dividends u n p a i d . . .
Individual deposits . .U. S. deposits
Dep' ts U.S.dis.officers
Due to national banks
Due to State banks . .Notes re-discounted..Bills payable
97 banks .
$9,997,100 00
2,174, 581 241, 481, 294 01
3, 715, 215 00
10, 235 47
15, 989, 288 0631,132 372, 886 85
189, 739 36
200, 713 46
119, 200 785, 000 00
Total 33,916,387 60
MI CHIGAN.
97 banks. | 97 banks. | 97 banks.
$10,075,100 00 $10,174,200 00 | $10,167,200 00
97 banks.
1, 962, 894 311,013,960 17
1,860,894 311, 225, 060 68 I
1, 882, £30 79816,116 52
3, 542, 240 00 I 3, 475, 490 00 j 3, 510, 440 00
$10,194, 600 00
1, 864,192 871,107, 596 81
3, 479, 715 00
20, 065,17 16,403 00
16, 665, 842 35 16, 504, 363 5533,261 86 48,426 14
5, 834 01
496, 235 32
316, 673 09
49, 674 05
3, 463 21
272, 798 26
331, 349 20
283, 328 285, 000 00
34, 181, 780 33 34, 200, 776 63
217, 285 70 |
16, 716, 337 61 !35, 962 54 !
1, 066 30
251, 509 78
264, 714 01
326, 846 975, 000 00
24, 038 60
18, 575, 061 3430, 200 994, 626 37
263, 085 50
272, 791 74
114,970 15
34,195, 310^2 | 35,930,879 37
CITY OF DETROIT.
Capital stock
Surplus fundUndivided profits
Nat ' l bank circulationState bank circulation
Dividends unpaid
Individual deposits . .U. S. depositsDep' ts U.S.dis.officers
Due to national banks
Due to State banks -.
Notes re'discountedBills payable
Total
5 banks .
$2, 650, 000
240, 000484,175
719, 700
137
7, 210, 239254, 213215, 251
1,192, 066
1,484,405
14, 450,190
00
0080
00
50
795555
82
62
63
5 banks.
$2, 650, 000
260, 000434, 779
678, 300
75
6, 999, 066235, 845221, 950
1, 372, 484
1, 641, 397
14, 493, 899
00
0042
00
00
343591
as80
15
5 banks.
$2, 650, 000
263, 000416, 447
655, 400
542
6, 784, 267276, 451255, 024
1,125,120
1, 536, 778
13, 963, 032
00
0051
00
50
541596
34
04
04
5 banks
$2, 900, 000
325, 000349, 934
601, 665
51, 550
6,154,142241,428231,107
1,564,038
1, 573, 884
13, 992, 750
00
0024
00
00
128046
91
41
94
5 banks.
$2, 900, 000
330, 000211, 216
371, 265
25, 075
7, 313, 737220, 365169, 537
1, 658, 864
1, 919, 740
15,119, 802
oo009&
00
00
438fi57
01
69
51Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
230 REPORT OF THE COMPTROLLER OP THE CURRENCY.
Abstract of reports since September 30, 1884, arranged
WISCONSIN.
Resources.DECEMBER 20.
47 banks.
Loans and discountsBonds for circulationBonds for deposits . . |U. S. bonds on hand . . JOther stocks and b'dsDue from res've ag'tsDue from nat ' lbanksDue from State banksHeal estate, &cCurrent expensesPremiums paidCash itemsClear'g-bouse exch'gs .Bills of other banks . . \Fractional currency-Trade dollars ."., |.Specie •Legal-tender notes . . !U. S. cert 's of deposit. i.Due from U.S.Treas. j
47 banks.
$9,096,421 141,821,750 00100,000 0032,700 00
488, 018 551, 658, 507 58 I318,914 4388,318 50 |
317, 932 38111,682 21.104, 250 4265, 393 94
$9, 047,146 141,815,750 00100, 000 0041,250 00481, 755 44
2, 317,120 05369,104 37107, 608 81341,777 1549, 382 83104,741 875.1, 960 70
$9,366,081 591, 815, 750 00
100, 000 0037, 600 00
548, 583 922,142, 106 73
338, 480 41105, 877 02341, 704 80
78, 968 80103, 556 2069, 593 92
46 banks.
$9, 520, 956 271, 775, 750 00
100, 000 0018, 950 00
565, 749 041, 895, 996 08
330, 980 09102, 599 67340, 793 9610,023 7489, 350 9781, 402 30
259,031 007, 960 38
221,281 007, 766 50
817, 9(»7 21442, 669 00
"85," 725" 67"
88S.01.8 68410, 870 00
' 82, 697 00
249, 649 007,711 00
228, 316 007, 463 80
910, 514 82429, 174 00 :
" 80, 439 io" i
859, 233 85385,185 00
"*77, 857"65*
$9,663,255 601, 753, 250 00
100, 000 00128,400 00575, 517 90
1, 853,155 20595, 180 31] 60, 899 00345, 703 5855,251 4890, 063 9664, 660 92
385,111 007, 696 92
1, 198908, 845 05384, 582 00
""94,'295 70
Total 15,817,182 41 | 16,438,230 54 I 16,731,791-31 j 16,390,608 42 j 16,967,066 62
CITY OP MILWAUKEE.
Loans and discountsBonds for circulationBonds for deposits . .U. S. bonds on hand..Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &c"Current expensesPremiums paidCash itemsClear' g-house exch'gs!Bills of other banks. . 'Fractional currency.Trade dollars . . . . . ' . .SpecieLegal-tender notes . .U. S. cert's of depositDue from U. S. Treas
3 banks. |
$3, 074, 556 24 |610, 000 00 I550, 000 00 I
4, 000 00 I327, 933 25 j642,438 20 \416,013 04 f
49, 488 35 I120, 000 00 !10,488 13 i
1, 993 00161, 340 8340, 568 001,410 30
3 banks.
$3, 207, 948 40500, 000 00550, (00 0011,750 00
428,821 68581, 192 09515, 700 0076, 744 06120, 000 0010, 852 27
443 52114,043 9821, 225 00
2, 498 71
_L3 b a n t s .
$3,173, 605 66500,000 00550, 000 00
5, 900 00281, 836 81579, 313 64885,783 50117, 728 44120, 000 00
8,691 351, 119 431, 131 79
99, 535 7136, 550 00
2, 134 11
3 banks.
$3, 379, 084 35500, 000 00550,000 00
2, 050 00434, 380 25709, 358 88
1, Oio, h33 7653, 595 35
120,000 00
3 banks.
583, 463 00 I 726, 364 00 858, 677 37518. 972 00 I 405, 377 00 j 387, 490 00
261 931, 062 Oi
360, 500 6534, 065 002,987 04
700, 469 00400,317 00
$3, 956,500,550,
1,491,767,604,4b,
120,6,
5,398,17,2,
083 25000 00000 00000 00442 55759 20466 84596 59000 00207 50224 50135 29700 99307 00258 89
646,450 00472, 021 00
40, 750 00 27,500 00 ! 22, 500 00
Total !J 7,153,414 94! 7, 300, 460 71 ! 7,631,997 81
25, 500 00 28, 500 00
8, 289, 465 24 | 8, 614, 753 60
IOWA.
Loans and discounts.Bonds for circulationBonds for deposits . .II. S. bonds on handOther stocks and b'dsDue from res've ag'tsDue from nat ' l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-b on se exch'gsBills of other banks . .Fractional cur rency .Trade dollar'sSpecie . . . .Legal-tender notesU. S cert 's of depositDue from U. S. Treas
Total
122 banks
$20,192, 5784
12
1
I
34,
516,000350, 000
35, 350059, 863256, 935940,007238,170422,498258, 549253, 860217 427
521, 53311,974
887, 007223, 150
212,684
597, 680
740000003184290015968449
0028
*H00
60
80
124 banks.
$19,954,025 654, 506, 000
350, 00030, 000
1,151,1543,097,9511, 550, 498
228, 6931, 429, 983
174, 155240, 925267 017
687, 73712, 505
1,283.4551,353,505
210,551
36, 534, 220
0000003347757880324876
0034
7900
28
75
126 banks
$20,260,7134,531,000
350, 00036, 700
1,155, 2653,409,3111,705,895
213, 7271, 455, 061
277, 283241, 136
.
7500000082071661804225
237 615 73
669,1H314,036
1,449,4171,291,641
214, 742
37, 512, 731
0052
9300
93
98,
125 banks
$20,4)
1,3,1,
1
i,I,
185,236393, 500350, 000
37, 000101, 084118,252891,947241,020462, 230
510000002407623166
142, 556 50237, 476256, 717
556,16912, 635
304, 812113,810
211,019
36,615,469
0082
0066
9800
83
20
125 banks.
$21. 324, 4864,301,000
350, 00033, 200
1, 008, 4882, 739, 8331,431,403
249,6161, 483, 858
223, 983224, 450273, 190
600, 04011. 6191 373
1,218,8511,166,647
202, 481)
36, 844, 522
470000003363737809379635
0051150000
33
70
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY 23J
by States and reserve cities—Continued.
WIS CONSIN.
Liabilities.DECEMBER 20.
47 banks.
MARCH 10. MAY 6.
47 banks.
Capital stock j $3, 780, 000 00 | $3, 795, 000 00
Surplus fund 874, 489 18Undivided prof i t s . . . . j 549, 572 03
Nat ' l bank circulation' 1, 619, 633 00State bank circulation •
875, 859 47357, 475 44
1, 594, 393 00
47 banks.
JULY 1.
46 banks.
$3, 770, 000 00 ! $3, 735, 000 00
879, 782 53 !456, 518 63 i
898, 578 13305,198 82
OCTOBER 1.
47 banks.
1,602,228 00 I 1,562,128 00
$3, 785, 000 00
921,607 63410,182 11
1, 517, 078 00
Dividends unpaid j 1, 628 30
Individual deposits . . . ; 8, 77 4, 480 86U. S. deposits j 79. 160 77Dep'ts U.S.dis.officers 7,480 73
Due to national banks; 29, 991 68
Due to State banks . . I 27, 562 16
Notes re-discounted..! 73, 177 70Bills payable |
845 30
9, 594,174 58 !85, 367 71 i6,608 72
15,556 85 j
70, 451 01 I
42,498 40 j
1, 921 30
9, 766, 000 93 i113,60.* 665, 787 6.') !
32, 685 85 j
72, 764 30 •
30, 498 46 '
12, 645 30
9, 685, 958 6386, 081 95
5, 162 71
21,905 54
65, 099 34
12, 850 00
I835 30
10,132, 395 9480, 063 556, 046 01
31, 651 00
55, 072 80
27,134 28
Total | 15,817,182 41 16,438,230 54 j 16,731,791311 10,390,608 4 2 ' 16,907,066 62
Capital stock j
Surplus fund |Undivided profits . . .]
Kat'l bank circulation]State bank circulation .
Dividends unpaid - . . . j
Individual deposits .. |U. S. deposits j
Dep'ts U.S.dis. officers
Due to national banks;
Due to State b a n k s . . . 'Notes re-discounted, jBills pay abb; \.
CITY OF MILWAUKEE.
3 banks. 3 banks. 3 banks.
$fi50, 000 00 $650, 000 00$650, 000 00
310, 000 00132, 168 15
544,000 00
340,000 00105, 672 96
447,000 00
840, 000 00124, 995 05
447, 000 00
3 banks.
$650, 000 00
3 banks.
340, 000 00109, 416 41
446,000 00
3, 987, 003 35 | 3, 874, 931 81803, 344 47 ' 365, 109 611<)3, 084 90 ; 145. 627 31
678, 392 85
355, 421 22
958,843 31
413, 275 71
4,251,991 62354,515 5L'174, (ill 49
4, 856, 122 77271. 909 86210, 700 73
851, 978 56 916, 341 98
436, 905 57 488, 969 49
$650, 000 00
34 \ 000 00149, 246 45
448, 400 00
5,140, 854 90264, 657 61221,800 27
985, 779 12
414, 515 25
Total . 7,153,414 94 j 7,800,460 71 I 7,631,997 81 8,289,465 24 8, 614, 753 60
IOWA.
Capital stock
Surplus fundUndivided prof i t s . . . .
Nat ' l bank circulationState bank circulation
Dividends unpaid
Individual deposits . . . IU. S. deposits !
Dep'ts U.S.dis.officers
Due to national banks j
Due to State b a n k s . . . |Notes re-discounted.. |Bills payable j
122 banks.
$10,105, 000 00
2,203, 126 461,381,457 04
4,019,131 00
18, 859 82
14, 890, 837 78248, 465 3762, 377 32
473, 757 01 [
721,834 87 j
434,834 13 '88, 000 00
124 banks.
$10,167, 400 00
2,278,090 171, 067, 795 71
3, 999, 799 00
27, 543 43
16, 439, 981 57277,391 0344,169 02
769, 645 62I
1, 266, 470 59 '
148,334 7547, 509 m
126 banks.
$10, 290, 000 00
2, 300, 290 171, 247, 870 41
4, 007, 591 00
Total j 34, 597, 680 80 | 36, 534, 220 75
29, 637 42
17, 070, 790 59234, 702 1744, 208 71
775, 679 63
1, 398, 473 92
93, 203 4020, 28!) 56
125 banks. 125 banks.
$10,155, 000 00 $10,155, 000 00
2, 299, 542 981, 073, 241 14
2, 290, 504 471,144, 696 56
3, 876, 776 00 ! 3, 813, 858 00
100,174 53
16, 565, 386 42 !264,251 82 ]
61, 102 49 |
799,441 47
1,271,523 54128,789 2520, 2H9 56
19, 516 13
17, 053, 775 48275, 590 2158, 933 50
651, 624 92
1,110,999 35
240, 024 0830, 0(i0 00
37,512,731 98 j 36,615,469 20 36,844,522 70Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
232 EEPOET OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reportssince September 30,1884, arranged
MINNE S O T A.
Kesources.DECEMBER 20. MARCH 10.
44 banks. 44 banks. 44 banks.
Loans and discounts.Bond s for circulation.Bonds for deposits..."U. S. bonds on hand.. jOther stocks and b'ds1
Due from res've ag'ts. iDue from nat'lbanks.!Due from State banks;Real estate, &cCurrent expensesPremiums paidCash itemsClear'o--house exch'gsBills of other banks..Fractional currency .Trade dollarsSpecieLegal-tender notes ..U. S. cert's of depositDue from U.S.Treas
$13,175, 807 43 ' $13, 323, 478 301, 568, 000 00 j 1, 568, 000 00
$13,357,958 311, 580, 500 00
5, 000 00 !231,744 69
1,243, 128 77 j743, 747 40 ;
161,500 29549, 009 57134, 313 7579, 526 59
218, 02y 17 !
5,1C0 00225,847 18
1,122, 505 98822, 548 36142, 030 53562, 3.3 07124, 560 7078, 876 47
156,682 53
430, 504 003, 344 06 j
277, 295 004,750 50
5,100 00229, 972 80
1,124, 158 74974,130 44170,078 32548, 758 84178,112 35
81, 198 08204, 662 96
JULY 1.
43 banks.
OCTOBER 1.
43 banks .
$13, 782, 997 27 $14, 697, 450 75
5, 300 00270, 023 30
1, 354, 938 531, 380, 749 83203, 850 46531, 388 6037, 439 70 !76, 150 86 !256,441 15 '
5, 200 00272, 978 60
1, 420, 290 971,107, 652 05
] 95, 628 87585, 898 34
90, 027 2576, 463 16
458, 44G 20
184,186 00 I3, 388 14 I
299, 7U6 003, 342 97
284, 985 003, 509 87
313 60580,565,
80,
654825
821
8900
69 i
688, 736481, 499
76, 296
8000
70
745, 589325, 605
75, 666
6800
00
6756f9
74
439026
979
90 :
00
00
794,511,
72,
336951
980
8300
30
Total I 19, 770, 987 30 I 19, 660, 531 12 19, 788, 465 66 I 21,134, 773 57 : 22,141,112 79
CITY OF ST. PAUL.
Loans and discountsBonds for circulation.Bonds for deposits...U. S. bonds on hand.Other stocks and b'dsDue from res've ag'tsDue from nat'lbanksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..U. S. cert's of depositDue from U.S.Treas
Total
6 banks.
$11, 283, 356550, 000500, 000
100554, 680
1, 229, 602217, 495145, 012428, 556
58, 68132, 49724 630
152, 371359, 493
2,597
773 031334,140
34, 905
16,681,151
490000003170963215374608560073
4100
42
96
6 banks .
$11,255,664 73550, 000 00500,000 00
100 00670, 827 28
1,757,674 19113, 291 51192,826 69454,120 10
57, 989 5331, 592 4619 041 56
114,163 45136,111 00
3, 883 36
789 354 19138, 479 00
41, 299 42
16, 826, 418 47
6 banks.
$12, 301, 391550, 000500, 000
100488, 515
1, 478, 398209, 674134, 084517, 533
80, 04522, 26210 427
265, 328119, 826
4,191
810 199125, 736
24,998
17, 642, 713
270000003374931323044685520007
7100
82
10
6 banks.
$12, 849,172550, 000500, 000
200485, 336
1, 551, 503152, 742156,103545,180
35222, 28343 573
262, 273231,495
3, 657
831 819215,417
23, 793
18, 424, 902
090000000051733609084146900040
39
00
42
77
6 banks .
$13, 474, 671550, 000500, 000
331, 5481, 095, 283
253, 708292, 443554, 148
34, 71222, 39041 674
305, 966197, 561
5,147
756 837390, 502
32, 326
18, 838, 923
980000
89380953712796
890073
5900
22
81
MISSOURI.
Loans and discountsBonds for circulation.Bonds for deposits ..TT. S. bonds on hand..Other stocks and b'dsDue from res've ag'tsDue from nat'lbanksDue from State banksHeal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currencyTrade dollarsSpecieLegal-tender notes ..{J S cert's of depositDue fromU.S.Treas-
Total
34 banks
$6, 846, 2651, 358, 600
100, 00061,250
827, 079788, 929228, 502204, 721305, 95891,62975, 42367 96975, 584
216, 3552,173
424 743404, 853
69, 355
12,149, 393
83000000080266179f>960304790012
3900
20
24
35 banks .
$7,162, 7971, 401,100
100,00057, 400
768, 715878,144342, 736221, 073357, 581
71, 28282,19679 25932, 968
260, 2372,603
421 226429, 397
67,146
12, 735, 865
300000004737027225303493680037
3?00
00
07
35 banks
$7,106, 3571,334,150
100, 00060, 750
711,265957, 091297, 635235, 830342, 002
83, 76084, 99070,18093, 270
358, 8432,326
516 988427, 556
63, 832
12, 846, 831
700000004303027218906379200080
5700
40
37
35 banks.
$6, 866, 9921, 363, 600
100, 00058, 900
663, 7491, 289, 645
382, 394321, 678321,106
33, 442100, 98177, 750
143, 063248, 003
2,211
576, 881399, 597
62, 558
13, 012, 557
49000000612100979496989.?290071
9500
00
33
36 banks .
$7, 269,131 591, 428, 600 00
100, 000 0035,950 00
601, 057 101, 044, 343 38
294, 685 32288, 667 63353,213 9454,267 9094,194 7355 416 48
135, 924 02263, 212 00
2, 345 43497 55
484 168 96377, 050 00
66, 333 00
12, 949, 059 03Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 233
by States and reserve cities—Continued.
MINNESOTA.
MARCH 10.
41 banks.
$6, 083,181 00
Liabilities.I DECEMBER 20.I
44 banks.
MAY 6.
Capital stock j $6, 060, 000 00
44 banks.
$6,137, 742 00
Surplus fund iUndivided profits. . . . j
Nat 'l bank circulation \State bank circulation [ •
Dividends unpaid !
Individual deposits.. . IU. S. deposits |.
Dep'ts U.S.dis.officers
Due to national banks
Due to State banks-.Notes re-discounted .Bills payable
750,811 06809, 053 39 j
813,758 87 |1)00,193 95
814, 908 87744, 879 41
1,404,349 00 ' 1,401,049 00 j 1,415,616 00
6,102 19 j
9, 036, 070 15 •
11, 865 83 8,159 05
JULY 1.
43 banks .
$6, 090, 000 00
830, 933 87477, 659 48
1,401,576 00
OCTOBER 1.
43 banks.
$6,190, 000 00
850, 233 87657, 994 26
1, 405,176 00
9, 372, 903 02 9, 556, 896 95 j
149, 682 36
10, 982, 407 21
6, 553 34
11, 385, 970 65
Total .
446, 385 76 j
636, 926 22
611,287 53 |10, 000 00 I
510, 962 31 I
294, 820 18 I
559, 736 96 |12, 01)0 00 |
482, 564 30 !I
282, 865 88 |
339, 833 205, 000 00
603, 946 33
385, 772 71
207, 795 615.000 00
649, 033 10
709, 978 52
252,173 0534, 000 00
19,770,987 30 ; 19,660,531 12 j 19,788,465 66 j 21,134,773 57
CITY OP ST. PAUL.
6 banks. ! 6 banks. 6 banks. I 6 banks.
22,141,112 79
Capital stock | $5, 200, 000 00 { $5, 200, 000 00 , $5, 200, 000 00 j $5, 200, 000 00
Surplus fund.Undivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits . .U. S. deposits
Dep'ts U.S.dis.officers
Due to national banks
Due to State banks . . .Notes re-discounted. .Bills payable
974, 000 00 j602, 994 64 j
986, 000 00411, 629 95 ;
989, 200 00560, 554 45
495, 000 00 i 490,100 00 I 487, 600 00
Total .
435 00
7, 078, 367 0697,124 14387, 734 54
866, 803 30
946, 493 74
28, 812 903,386 64
1, 000, 500 00361, 369 67
483, 300 00
1,742 00
6, 963,159 40134, 644 72261, 810 88
1,044,410 87
1,139, 914 60
193, 006 05
16, 681,151 96 16, 826, 418 47
1, 435 00
7, 469, 748 58144, 824 55296, 879 93
1, 267, 839 96!
1, 092, 848 78 j
131, 781 85 |
102,192 00
7, 285, 396 0888, 372 80322, 914 05
1,702,005 64
1, 614, 249 62
264, 602 SI
17, 642, 713 10 18, 424, 902 77
6 banks .
$5, 200, 000 00
1, 001, 600 00546, 224 32
479,400 00
8,163 00
8, 265, 325 80118, 513 62261, 685 54
1,382,332 77
1, 314, 756 54
260, 922 22
18, 838, 923 81
MISSOURI.
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits...U. S. depositsDep'ts U.S.dis.officers
Due to national banks
Due to State banks...
Notes re-discounted..Bills payable
Total
34 banks .
$3, 065, 000
604 860487, 693
1, 215, 673
650
5, 376, 07572, 84618, 518
225, 922
656,110
367, 04559, 000
12,149, 398
00
1592
00
50
848794
92
25
8500
24
35 banks .
$3, 265, 000
637, 748381, 937
1, 248, 508
959
5, 927, 69762, 62718, 739
237, 618
761, 549
193, 479
12,735,865
00
1699
00
50
650732
08
97
33
07
35 banks
$3, 265, 000
604, 498446, 740
1,171, 908
4,639
5, 917, 536107, 502
17, 590
325, 081
831, 833
129, 50025, 000
12, 846, 831
00
1673
00
69
394896
06
90
0000
37
35 banks
$3, 277, 000
601, 054279, 618
1,198, 658
21, 649
6, 012, 66365, 49216, 269
427, 872
1, 029, 777
47, 50035, 000
13, 012, 557
00
3995
00
00
898745
88
90
0000
33
36 banks .
$3,311,000
623, 425320, 412
1,251,648
19, 994
5, 972, 24281, 5824,756
385, 402
809, 995
113, 60055, 000
12, 949, 059
00
0829
00
00
243595
37
75
0000
03Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
2 3 4 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884, arranged
CITY OF ST. LOUIS.
Resources.
Loans and discountsBonds for circulationBonds for deposits ..U. S. bonds on hand .Other stocks and b'dsDue from res've ag'ts.Due from nat'lhanksDue from State banksReal estate, &cCurrent expensesPremiums paidCash items . .Clear'g-house exch'gsBills of other banks..Fractional currency .Trade dollarsSpecieLegal-tender notes -.U. S. cert's of depositDue from U.S.Treas.
Total
DECEMBER 20.
6 banks.
$8, 548, 587 30760,000 00
. 250, 000 006, 050 00
364,861 93837,381 99680, 892 36273,785 64199, 280 48108,105 38
17, 832 9336, 0d8 76
559, 826 3t>168, 790 00
5, 505 80
936,979 15901,881 00120,000 0041,195 00
14,816,904 08
MAliCH 10
6 banks.
$8, 630, 444760, 000500, 000
3, 350403, 825960, 506629, 800293,86719'K 280
66, 10871,27024. 256
475,445234, 7(>2. 3, 132
1, 033, 207712,536120 00')40, 195
15, 167, 989
980000009495312648554345130046
55000000
49
MAY 6.
6 banks.
$8, 3?0, 094760, 000500,000
4, 600451, 465
1,191,188915.265161, 172214,280
76, 72971, 27077, 5(55
500, 905578, 401
2,112
1,210,1851,586,915
2lo, 00047, 695
] 6, 939, 908
3300000076989103481843Hi)800081
Q5000000
46
JULY 1.
6 banks.
$8, 488, 775860, 000500, 000
9, 250567, 040
1, 123, 645749, 387137,831212, 621
19, 38733, 93961,771
696, 069214, li()3
1, 676
1, 48-\ 303998, 830250, 000
34, 195
16, 443, 928
89000000290179837343187tt530081
60000000
81
OCTOBER 1
6 banks.
$9, 202, 786860, 000500, 000
2, 650569, 187
1,263, 818414, 136170, 295213, 020148, 241
33, 83929 132
557, 022117,811
1, 948
962 172641, 6V9120, 000
39, 695
15, 847, 385
11000000959552117430184501oo22
*>1000000
75
KANSAS.
Loans and discounts.Bonds for circulationBonds for deposits . .U. S. bonds on hand. .Other stocks and b'dsDue from res've ag' tsDue from nat ' l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash items . . :Clear'g-house exch'gsBills of other banks . .Fractional currencyTrade dollarsSpecieLegal-tender notes . .U. S. cert 's of depositDue from U.S . Treas .
Total 14, 621, 328 93
60 banks. 62 bauks.
$8,548,316 191, 467, 500 00
350, 000 003, 100 00
171,323 10690, 648 88384,234 28453, 926 56500,912 86146, 062 37
85, 620 49133, 624 86
432,018 004,048 09
$8,731,074 721,471,300 00
350, 000 003,200 00
125, 546 23907, f*9!) 47514, 70G 27369,312 82531, 428 00
83, 0(51 05105, 898 921-22,984 18
64 bauks.
$9, 135,4271, 033,300
350, 0003, 100
102.8211, 084, 605
694, 342564, 432540, 543111,313111,086114,871
593, 7505, 320
558, 971903,136
76,577
16, 483, 599
7100000090041444M««4854
0091
9400
00
90
67 banks.
$9, 724, 5911, 589, 550
350, 0002, 100
175, 0541,118,664
730, 435617,126576, 60278, 364
116,482141,807
529, 1865,983
689, 460868, 250
73, 255
17, 386, 913
640000009316122831500345
0074
6900
01
86
74 banks.
$10, 730, 6271, 702, 300
350, 0003,100
170, 817If 372, 090
766, 42*553,016630, 676105,713126, 289130, 039
474, 3335,4411, 000
869, 754743, 148
77, 654
18, 818, 431
160000009115248798991624
0061006500
49
45
NE BR ASK A.
Loans and discounts .Bonds for circulation.Bonds for deposits . .U. S. bonds on handOther stocks and b'dsDue from res've ag'tsDue fro-m nat ' l banksDue from State banksReal estate, &cCurrent e x p e n s e s . . .Premiums paidCash itemsClear'g-house exch'gsBills of other banks. -Fraction :i 1 currencyTrade dollarsSpecieLesral-tender notes . -U. S. cert 's of depositDue from U.S .Treas
Total
63 banks
$12, 659, 0081, 870, 25D
450, 00050
278, 5601, 433, 638
664, 780377, 448785, 379178, 07799, 165
480, 744
248, 9294, 735
779, 704579, 378
89,771
20, 979, 623
5300000082917194980583OQ
0047
8500
00
35
65 banks
$13,011,3301, 895, 250
450, 000150
227, 5451,367,471
832.518492, 177805, 842150, KH95, 824
270,107
324,7116, 890
999, 561524, 224
87, 651
21, 542, 090
460000001880953270383407
0098
7600
00
94
65 banks
$13
11
1
22
347,102887, 750450, 000
234, 41975'*, 288160, 961504, 354836, 830138, 575
93, 959227, 330
321,0626, 428
138, 738510, 234
93, 738
704, 771
120000
0337019504299807
0008
1100
00
05
70 bauks
$13, 596, 3361, 951, 500
450, 000
278, 0982, 394, 6771, 268, 973
592, 270866, 632
95, 90698, 706
348,151
228, 7676,508
1,148, 700424, 833
93, 825
23, 843, 887
*
710000
5660562103197103
0017
8600
50
13
75 banks
$15, 432, 7412,014,000
450, 0006oO
267,2162, 096, 9881,018,346
628, 096935, 867135, 057101,774419,319
274,7277,672
1, 038, 459545, 099
90, 691
25, 458, 111
j
80000000190781732572851?,
005600•1800
50
08Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 235
by States and reserve cities—Continued.
CITY OF ST. LOUIS.
Liabilities.
Capital stock
Surplus fund. !
Undivided profits j
Nat'] bank circulation;State bank circulation |
Dividends unpaid-. .j
Individual deposits. - j
T7. S. deposits . . . ;
Dep'ts IJ.S.dis.onieersj.
Due to national banks'
Due to State banks . -1Notes re-discounted..!Bills pay able |
DECEMBER 20. j MARCH 10.
6 banks. 6 banks.
$3, 250, 000 00 I $3, 250, 000 00
MAY 6.
6 banks.
;3, 250, 000 00
JULY 1.
845.517 75 | 842,874 15 j 842,874 153(53, 026 86 j 320, 780 55 | 356, 251 96 j
681, 950 00 ; 676, 550 00 J 668, 650 00
17, 989 18 ; 15, 9G2 68 39,274 18
6 banks .
3, 250, 000 00
852, 928 03264, 789 35
658,450 00
5,288,797 41 j 5,06.1,374 14 | 6,126,649 17198, 044 5S ; 196, 379 15 I 386, 757 22 j
49,363 18
5, 815, 866 33411,064 07
OCTOBER 1.
6 banks.
$3, 250, 000 00
856,128 29438, 891 69
766, 400 00
17,132 18
5, 634, 622 84401,163 70
1, 955, 205 48
1, 916, 332 82
99, 500 00200 000 00
2, 032, 405 73 ! 2, 489, 094 79 j
2, 392, 663 09 j 2, 780, 356 99 !
375,000 00 !
Total ! 14,816,964 08 \ 15, 167.989 49 ' 16,939,908 46 !; I
KANSAS.
2, 373, 968 61 1, 988, 845 34
2, 767, 499 24 I 2, 203, 519 15
90, 682 56j 200, 000 00
16, 443, 928 81 I 15, 847, 385 75
60 banks. 62 banks. 64 banks.
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid. . . .
Individual deposits - -TJ. S. deposits
Dep'ts U.S.dis. officers
Due to national banks
Due to State banks .Notes re-discounted..Bills payable
Total
$3, 995, 000 00 ! $4, 088, 905 00 i $4, 324, 780 00
464 262 73 !
668, 134 38 j507,378 46463,092 11
1,301,680 00 ! 1,283,695 00
506, 378 46588, 936 98
67 banks.
$4, 605, 350 00
616,435 33457, 373 38
1, 360, 530 00 ! 1, 352, 500 00
816 50
7,155, 903 56174, 906 21168, 649 25 i
101,916 62 !
107, 859 83 !
401,294 85 |80, 845 00 |
14,621,328 93 I
5,313 00
7, 883, 642 98VM, 929 7378, 392 56
176, 654 25
158,976 50
291), 062 32
38,472 50 |
15,181, 514 41
N B B R A
6, 039 37
8,670,519 93207, 284 12109,530 11
289, 508 66
196,164 51
2L3. 927 76 j10,000 00
16, 483, 599 90
SKA.
74 banks.
$4, 995, 720 00
608,971 56572, 535 73
1, 435, 705 00
37, 381 77
9, 230, 679 98 j148, 541 42152,080 37
285, 233 83
268, 082 78
233, 255 00
17, 386, 913 86
7, 489, 71
10, 089, 966 99145, 751 36116, 632 49
213, 274 17
218, 176 05
346, 208 398,000 00
18,818,431 45
Capital stock
Surplus fundUndivided profits
Nat ' l bank circulationState bank circulation
Dividends unpaid
Individual deposits . .U. S. deposits
Dep' ts U.S.dis.officers
Due to national banks]
Due to State banks . .Notes re-discounted..Bills payable
Total .
63 banks
$4, 755, 000
648, 594872, 665
1, 681. 730
395
8, 932, 507254, 753188, 292
1,230,224
1, 075, 649
1,261,57778, 234
20, 979, 623
00
66
00
00
506203
39
03
4925
35
65 banks.
$4, 815, 000
768, 947673, 260
1, 689, 310
273
9,766,711248,4 06147,214
1, 302, 360
1, 174,395
910,67745, 533
21, 542, 090
00
9335
00
00
322980
21
79
9530
94
65 banks.
$5, 142, 500
785/797659, 295
1, 695, 890
1,072
10, 330, 957209, 901199,179
1, 501, 147
1, 570,112
580, 5402s, 376
22, 704, 771
00
9352
00
00
852794
37
03
4371
05
70 banks
$5, 627, 500
1
10
1,
1,
23,
884, 789547, 783
689, 990
20, 356
880, 841183, 249215,623
774, 302
708, 379
290, 07221,000
843, 887
00
0897
00
95
070602
48
03
4700
13
75 banks.
$5, 949, 250
944, 773567, 803
1,774,330
260
11, 316, 706187,953164, 915
2,126,700
1, 498, 908
878, 19048,318
25,458,111
00
7722
00
00
756959
73
36
0790
08Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
2 3 6 EEPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884? arranged
COLORADO.
Resources.
Loans and discountsBonds for circulation.Bonds for deposits...XJ. S. bonds on handOther stocks and b'dsDue from res' ve ag'ts.Due from nat'lbanks.Due from State banksReal estate, &cCuiTent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks. .Fractional currency.Trade dollarsSpecieLegal-tender notes ..I) S cert's otdfnositiDue from U.S. Treas
Total
DECEMBER
24 banks
$6, 695, 5291,140, 000
400, 000500
588, 2221, 729, 4211, 065, 048
433, 245340, 104
84, 41186, 346
234, 618
293, 9851,156
674 907846, 275
54, 640
14, 668, 413
20.
780000006407443780372466
0094
6400
54
49
MARCH 10.
24 banks .
$6, 998, 6231, 085, 000
400,000500
607, 8221,862,0101, 224, 017
400, 474331,763
80, 88186, 393
309,610
170, 6801,489
877 551711, 587
58, 505
15, 206, 909
110000
no651278320130747?
0052
0300
12
42
MAY 6.
24 banks.
$7, 304, 609 621, 047, 500 00
400, 000 0012 000 00
681, 560 521,755,641 551,011,579 27
390, 761 8336?, 163 9576,680 5879, 037 49
223, 713 39
166, 995 001,381 85
1, 005, 016 29705, 720 00
62, 022 62
15, 286, 383 96
JULY 1.
24 banks .
$7, 580, 8111, 052, 500
400, 000
628, 2841, 843, 6771,191,180
356, 038359, 343
39, 78279, 532
259, 423
198, 3091,319
1, 005, 739673, 622
53, 443
15, 723, 007
180000
173814935263803?
0098
!W00
37
64
OCTOBER 1
25 banks .
$7, 608, 9861, 032, 500
400, 000
' 702,1592, 453, 9971, 650, 589
490, 882351,126
37, 42978, 539
252, 062
210, 2543, 296
977 646738, 561
72, 981
17, 061, 012
990000
4417001186850543
0013
9?00
37
32
NEVADA.
Loans and discounts.Bonds for circulationBonds for depositsTJ. S. bonds on hand.Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expenses . . .Premiums paidCash itemsClear'g-honse exch'gsBills of other banks. .Fractional currency.Trade dollarsSpecieLegal-tender notes ..U. S. cert's of depositDue fromU. S. Treas.
Total
1 bank.
$249, 040 2040, 000 00
9, 439 904, 277 86
737 461,408 153, 375 004, 288 063,225 00
494 56
875 00
31,943 12763 00
1, 800 00
351,667 31
1 bank.
$220,311 5240,000 00
8,164 603, 524 291,390 89
15, 092 743, 400 001,803 073,225 00
350 71
36, 840 87386 00
1. 800 00
336, 349 69
1 bank.
$183, 243 1940, 000 00
8, 579 745, 894 29
53,134 782, 397 303, 400 003, 555 603,225 00
354 02
1, 740 00
49,187 401, 265 00
1, 800 00
357, 776 32
1 bank.
$183, 816 8340, 000 00
8, 619 416, 495 36
27, 900 278, 862 154, 508 18
3, 225 00500 00
1,750 6640 50
64, 010 731,150 00
1, 800 00
352, 678 43
1 bank.
$248, 248 3840, 000 00
5, 000 0013, 624 983, 042 09
2,303 178,363 182, 595 584, 343 75
502 25
4, 600 0047 20
46, 230 502, 476 00
1, 800 00
383,177 08
CALIFORNIA.
Loans and discountsBonds for circulation.Bonds for depositsU.S. bonds on hand..Other stocks and b'dsDue from res've ag'ts.Due from nat'l banks.Due from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currencyTrade dollarsSpecieLegal-tender notes...TJ. S. cert's of deposit.Due from TJ. S. Treas
Total
14 banks .
$5, 875, 700 35910, 500 00
" ' is , 400 66373,452 37388, 340 65
94, 673 6773,128 36
316, 053 6152, 597 1383,150 47
126, 297 63
35, 440 00636 04
1,169, 974 7621, 884 00
39,172 00
9, 574, 401 04
14 banks.
$5, 740, 420 33910, 500 00
15, 000 00307, 976 20377,446 55108, 045 46207,144 29316,106 3541,190 2382,517 0273, 662 09
32,905 00252 79
1, 220, 937 92126,117 00
40, 972 00
9,601,193 23
15 banks.
$5, 918, 517 55935, 500 00
20, 600 00306,433 91346, 953 93119, 788 35149, 829 82322,877 5142, 572 6183,503 5270, 072 64
30, 697 00269 40
1,014,873 5161,491 00
39, 872 00
9, 463, 852 75
16 banks .
$5, 994, 747 58948, 000 00
22,950 00337, 906 09456,197 72114, 336 55138, 786 43338, 896 04
26, 952 8186, 923 3744,619 83
23, 216 00342 47
852,243 1343, 252 00
51, 797 00
9, 481,167 02
16 banks .
$6, 051, 437 19960, 500 00
22, 650 00373, 743 76554,114 48
94, 885 66248, 963 49344,981 87
29, 664 2389,149 5586, 977 36
41, 428 00423 23
910, 083 7048, 004 00
52, 722 50
9, 909, 729 02Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 237
by States and reserve cities— Con tinned.
COLORADO.
Liabilities.
Capital stock
Surplus fundUndivided profits
Nat' lbank circulation
Dividends unpaid
Individual deposits ..TJ. S. deposits.Dep'ts U.S.dis.officers
Due to national banks
Due to State banks . -
Notes re-discounted..Bills payable
Total
DECEMBER 20.
24 b a n k s .
$1, 990, 000 00
907, 500 00679,120 57
972 510 00
2, 240 00
8, 357, 232 22236, 989 24124,254 82
766, 474 22
619, 592 42
12, 500 00
14, 668, 413 49
MA UCII 10
24 banks.
$1, 965, 000
984, 500452, 730
961,190
570
8, 923, 556226, 099117,065
784, 714
778, 515
12, G67
15, 206, 909
00
0046
00
00
224436
65
51
78
42
MAY 6.
24 banks.
$1,965,000
985, 000468, 671
933, 340
306
9, 096, 065258,125148, 523
634, 328
779,134
17, 888
15, 286, 383
_ .
00
0096
00
00
092585
95
12
74
96
JULY 1.
24 banks.
$1,965, OCO
996, 400429, 376
929, 840
9,211
9, 406, 017237, 648122, 646
865, 556
750, 438
10, 871
15, 723, 007
00
0091
00
85
811075
15
55
52
64
OCTOBER 1.
25 banks.
$2, 025, 000
1, 003,100453, 549
926, 540
2,592
10, 281, 552248, 07477, 954
1, 063, 023
979, 624
17, 061, 012
00
0063
00
00
996493
80
33
32
NEVADA.
Capital stock
Surplus fundUndivided profits....
Natl bank circulationState bank circulation
Dividends unpaid
Individual deposits ..
Dep'ts U. S. dis. officers
Due to State banks...
Notes re-discounted..Sills payable
Total
1 bank.
$75, 000
25, 00014, 984
36, 000
138,048
10 073
52, 560
351, 667
00
0044
00
88
9 9
77
31
1 bank.
$75, 000
25, 0007,372
35, 960
189, 858
3,158
336, 349
00
0008
00
66
95
69
1 bank.
$75, 000
25, 00010, 649
34, 560
212, 308
258
357, 776
00
0052
00
30
50
32
1 bank.
$75, 000
25, 00011, 8,0
34, 220
206, 636
22
352, 678
00
00
00
16
14
43
1 bank.
$75, 000 00
25, 000 0010, 664 72
35,380 00
214, 700 56
678 49
21,753 31
383,177 08
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits...U. S. depositsDep'ts U.S.dis.officers
Due to national banksDue to State banks...
Notes re-discountedT?I11B payable
Total
C
14 banks.
$2, 050, 000 00
463,791 52408,803 31
818,200 00
2, 304 75
5, 617,193 67
46, 370 23167,737 56
9, 574,401 04
! ALIFORNI A.
14 banks.
$2, 050, 000 00
499, 779 96353,400 46
818,470 00
2, 200 25
5, 605, 721 92
64,034 04207, 586 60
9, 601,193 23
15 banks.
$2, 150, 000 00
501,779 96389,181 96
815,130 00
1,705 00
5, 412, 674 08
93, 303 51100, 078 24
9, 463, 852 75
16 banks.
$2, 175, 000 00
506, 779 96393, 602 53
837, 350 00
15,750 00
5, 313, 246 25
85, 724 16153, 714 12
9, 481,167 02
16 banks.
$2, 345, 000 00
548, 414 87339, 071 69
855, 720 00
2,169 50
5, 620, 030 24
68, 508 72130, 814 00
9, 909, 729 02
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
238 REPORT OF THE COMPTROLLER OF THE CURRENCY
Abstract of reports since September 30, 1884, arranged
CITY OF SAN FRANCISCO.
Resources.
Loans and discountsBonds for circulationBonds for deposits ..TJ S bonds on hand..Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksHeal estate, &c . . . . . .Current expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..TJ.S. cert's of deposit.Due from U. S. Treas
Total
DECEMBER 20. MARCH 10.
1 bank.
$1,921,822 64600,000 00
23, 220 2987, 027 43
322, 755 5092, 598 75
2, 371 847, 200 00
56, 344 512, 445 00
5 48
276, 500 002, 770 00
24, 500 00
3, 419, 561 44
1 bank.
1 $1, 746, 700 811 600,000 00
29,381 3490, 009 78
207, 666 0592, 598 75
804 906, 900 00
37, 618 231, 510 00
7 07
513,110 002, 279 00
26, 972 50
3, 355, 558 43
MAY 6.
1 bank.
$1, 799, 303 50600, 000 00
17, 699 6896,087 52
171,710 7992, 598 75
542 906, 700 00
45,691 196,178 00
6 95
565,673 003, 246 00
27, 000 00
3, 432, 438 28
JULY 1.
1 bank.
$1, 966, 670 93(J00, 000 00
102,178 14393,613 58
92, 598 75510 33
6, 500 00
67, 259 283,195 00
10 20
312,195 006, 960 00
27,000 00
3,378,691 21
OCTOBER 1.
.1 bank.
$2,146,771 566uO,000 00
100, 302 34176, 515 5592, 598 75
440 206, 200 00
115, 058 482,965 00
7 82
458, 435 002, 589 00
27, 000 00
3, 728, 883 70
OREGON.
Loans and discountsBonds for circulationBonds for deposits . -TJ. S. bonds on hand..Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes . .U. S. cert's of depositDue from TJ. S. Treas
Total
8 banks. 8 banks.
$2, 028, 208 88 i410, 900 00 J500, 000 0038, 500 00
438, 258 23117, 387 6554,296 0186, 325 45
147,888 1955,115 5323, 549 5011, 107 26
$1,921,312 59410,900 00500,000 00
39, 000 00444,387 19176, 605 23125, 764 53233,818 44158, 009 41
30, 375 0318, 733 5031,187 18
12, 373 00661 11
424, 554 759, 957 00
9,291 00424 35
9 banks .
$2, 013, 893 34423,400 00500, 000 0039, 700 00
418, 231 64147, 707 99141,120 78205, 308 46160, 073 23
41, 200 5721, 644 1218, 965 33
12, 810 00297 42
18, 623 00
4, 377, 705 56
468, 647 528, 462 00
505, 243 4511,439 00
19, 688 00
4, 596, 605 97
20, 450 50
4, 681, 575 83
9 banks .
$2,100, 107 93423, 400 00500, 000 0039, 700 00
420, 828 40319, 770 86173, 404 0596, 592 99
163, 849 9221,389 L821, 196 1215, 887 76
18, 580 00776 39
306,074 3020, 786 00
20,150 50
4, 662, 584 40
9 b a n k s .
i2, 202, 226 30423, 400 00500, 000 00
40, UOD (JO441,437 59253, 2*i2 52188, 62 7 1)4144,420 4i199, KB2 7720,625 7221,459 H224, 370 35
12, 805 00634 93
508,790 m28,761 00
20,050 50
5, 031, 641 47
Loans and discountsBonds for circulationBonds for deposits...TJ S bonds on handOther stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expenses....Premiums paidCash itemsClear'e-house exch'gsBills of other banks..Fractional currency.Trade dollarsSpecieLegal-tender notes ..TJ. S. cert's of deposit.Due from U.S. Treas
Total
2 banks. •
$134, 624 3737, 500 00
63,194 22
1,183 4614, 496 77
7, 047 481,968 803, 593 75
729 80
24, 972 00250 08
62, 203 65
1, 687 50
353,451 88
ARIZ O
1 bank.
$50,473 0712, 500 00
22, 803 71
260 02
2, 288 64
125 00360 28
5, 707 00
30,496 70
562 50
125, 576 92
N A.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 239
by Slates and reserve cities-—Continued.
CITY OF SAN FRANCISCO.
Liabilities.
C ay) i i. al sto c k
Surplus fundUndivided profits
!N"at'l bank circulationState bank circulation
Dividends unpaid
Individual deposits-..
Dep'ts U S dis officers
Due to national banks
Due to State banks. .
Notes re-discountedBills payable
Total
Capital stock
Surplus fundUndivided profits. - - -
N a t l bank circulationState bank circulation
Individual deposits. -TJ S deposit*Dep'ts II.rf.<.Us.oifi.ce.rs
Due to mil tonal banks
Due to State banks . . .
Xotes re-discounted..Bills payable
Total
Capital stock
Surplus fundUndivided profits. . . .
Nat'l bank circulationState bank circulation
Dividends unpaid....
Individual deposits -..TJ. S. depositsDep'ts U.S.dis.officers
Due to national banks
Due to State banks ..
I^otes re-discountedBills payable
Total
DECEMHEU
1 bank.
$1, 500, 000
228. 30998, 181*
495, 000
872
945, 968
84, 468
66, 759
3,419,561
8 banks .
$710, 000
73. 800602, n s
304, 310
2,00!, <M)7»27 93;}2-'7, 306
46, 347
123, 826
4, 377,705
2 banks .
$150, 000
2, 8426, 613
30, 650
144, 509
4,017
14. 819
-.-,,—T:
JO.
00
90 •54 ;
00 i
00 !
34
i
43 ij
23
! •
44 |
00 :
77 ';12 !
00i
1247 :86 '
I02 ;
20
I. . . L
56 |
00 '
19 I.15 !
001
a ;
!I
61 !
88
MARCH 10.
1 bank.
wl. 500, 000
228, 8-"0101,691
538, iGO
1, 222
803, 936
126, 744
54, 964
3, 355, 558
ORE
8 banks.
$710, 000
76, 000580, 786
358, 950
2, 2(59. 52711)2,029229, 0iJ2
86, 082
94,167
4, 59J>, 605
ARIZ
1 b a n k .
$f)0, 000
591
11,250
61,186
82
2, 466
125. 576
00
4921
00
00
15
13
45
43
G
00
0074
00
19
86
33
97
o
00
67
00
55
61
09
92
MAY 6.
1 bank.
$1, 500, 000 00
231,850 4975, 505 73
539, 850 00
1, 656 00
885, 981 54
96, 496 05
101, 098 47
3, 432, 438 23
O N.
9 banks.
$693, 000 00
78, 900 00601,846 15
331,805 00
150 00
2, 243, On 85
270, 713 86
115,334 51
89, 938 93
4, 681, 575 83
N A.
_
JULY 1.
1 bank .
$1,500,000
231, 850100, 281
533, 000
956
809, 699
108,818
94, 084
3, 378, 691
9 banks.
$705,000
80, 500587, 944
346, 850
7 000
2, 295, 858' 242, 2-?5212,008
84, 588
97, 599
3, 000
4, 662, 584
_
no4997
00
00
74
83
18
21
00
0083
00
00
541253
01
37
00
40
OCTOBER 1.
1 bank.
$1,500,000
234, 52099,131
539, 200
1,144
1, 090, 089
183, 409
81,389
3,728,8^-3
9 banks.
$710 000
81, 600618, 659
346, 740
15 000
2, 555, 552238, 233176, 344
112, 583
156, 818
20,109
5, 031, 641
00
4830
00
00
14
66
12
70
00
0063
00
00
416628
21
68
60
47
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
240 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30,1884, arranged
DAKOTA.
Resources.
Loans and discounts.Bonds for circulation.Bonds for deposits...Other stocks and b'dsDue from res' veag'ts.Due from nat'l banksDue from State banksEeal estate, &cCurrent expenses....Premiums paidCasli itemsBills of other banks..Fractional curreiiC3r
Trade dollarsSpecieLegal-tender notes ..TJ S cert's of depositDue from TJ. S. Treas
Total
DECEMBER 20.
35 banks.
$3, 370, 856 HO654,250 00175, 000 00
300 00262, 761 78270, 298 72407, 532 28197, 568 20444,122 57114,907 37
58, 821 4057,470 13
185, 357 001,931 07
15-1,051 27307, 992 00
30, 536 39
6, 693, 756 78
MARCH 10.
36 banks .
$3, 446, 705 04678, 750 CO175,000 00
300 00258, 528 92318,207 74452, 724 48Ic3, 273 69456, 490 77
66, 082 6467,387 8347, 233 08
83, 922 002, 035 03
176, 472 51290,142 00
30,071 44
6, 733, 417 17
MAY 6.
38 banks.
$3, 525, 874696, 000175, 000
291, 755303, 702460, 488202, 806460, 845
89,21067, 60662, 880
103,0472, 328
193,820306, 704
34, 359
6, 982, 429
600000
7521782463200556
0044
4500
59
50
JULY 1.
40 banks .
$3,764,719721, 500175, 000
333, 256300, 022532, 030162, 659478, 292
45, 92865,49348, 778
109, 3013,169
199,049269, 330
31,775
7, 240, 306
970000
9623665100270735
0081
0200
59
44
OCTOBER 1
41 banks .
$4, 000, 272736, 500175, 000
294, 681414,411700, 994165,102500, 515
79, 08565, 30554, 919
242, 9053,318
2ii,004373, 821
37,107
8, 055, 946
600000
9574336510999539
0093
3000
29
22
I DAHO.
Loans and discounts.Bonds for circulationBonds for deposits ..TT S bonds on handOther stocks and b'dsDue from res've ag'tsDue from nat'l banks.Due from State banksEeal estate, &c ..Current expensesPremiums paid.Cash itemsClear'g-honseoxch'gsBills of other banks..Fractional currency.Specie • - -Legal-tender notes ..TT S pfrt'ftofdenositDue from U.S. Treas.
Total
4 banks.
$336,842 1467, 800 00
50 000 00108, 866 6014,374 1611, 450 50
111,895 7416,231 1114,012 7716, 564 928, 143 17
19,175 662 21
38,416 5064, 441 00
3, 049 50
881, 265 32
4 banks.
$353, 25767, 800
50 000103, 884
2, 94222, 75846,38120,7157,218
16, 5826,378
25, 69012
32,57078, 021
3,049
837, 262
4500
003039374711496663
0032
5000
50
19
4 banks .
$359, 72667, 800
50 000137, 603
4, 63739,51753, 80820,7087, 894
16,4573,134
8, 6257
16, 78835, 976
3,049
825, 294
7400
005653860736226609
0059
0000
50
18
4 banks.
$345, 29567, 800
50 000116, 032
3, 92050, 69822, 47021, 4589,776
16, 45712,523
15, 5279
33, 99652, 010
4,049
822, 025
3400
002127843836896633
0039
5000
50
67
4 banks.
$350, 79567, 800
114, 88823,14362, 77553, 54320, 96010,90710, 94321, 738
17, 01012
42,10154, 291
3,049
853, 961
9300
5482264161484949
0049
8000
50
82
MONTANA.
Loans and discounts.Bonds for circulation.Bonds for deposits ..TT K bonds on handOther stocks and b'dsDue from res've ag'ts.Due from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsTrills of other banks..Fractional currency.
SpecieLegal-tender notes ..TJ § cert's of depositDue from TJ. S. Treas.
Total
13 banks .
$5,124, 069399, 350200, 000
390, 755240, 719209, 020206, 072242, 475
75, 39752, 75978, 851
112, 438994
454 211239, 845
23, 495
8, 056, 456
300000
5282541989609715
0034
8000
36
48
14 banks .
$5,271,686 26424, 350 00200, 000 00
386, 258 90214, 744 51255, 023 18209, 548 92271,891 3640, 522 3454,170 6270, 548 99
118, 838 001,062 07
521, 447 90342,103 00
21, 892 87
8, 404, 088 92
14 banks.
$5,404,216424, 350200, 000
416,780195, 649209, 307214, 436268, 27361,65953,12540, 034
81, 920740
519, 790297, 743
20,120
8, 408,150
990000
1427938989862188
0071
3700
87
01
14 banks .
$5, 603,177424, 350200, 000
431,030282, 748285, 694189, 783270, 092
10,18352, 91469, 381
111, 039556
520, 760352, 670
20, 283
8, 824, 665
120000
4926822591603203
0081
4100
87
89
15 banks .
$5, 515,195439, 350200, 000
492, 330407, 898521, 058271, 206294, 903
39, 81552, 89452, 054
74, 636396
574 460327, 458
23, 866
9,287, 524
020000
51?1704256190198
0059
4500
87
57Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 241
by States and reserve cities—Continued.DAKOTA.
Liabilities.
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits ..U. S. depositsDep'ts U.S.dis.officers
Due to national banks
Due to State banks...
Notes re-discounted..Bills payable
Total
DECEMBER 20.
35 banks .
$2,140, 000 00
438,424 67361, 825 27
573, 485 00
135 00
2, 791, 090 66119,715 95
26,193 71
37, 887 04
80, 639 33
92,360 1532,000 00
6, 693, 756 78
MARCH 10
36 banks .
$2, 240, 000
467, 923217, 348
584 025
7,790
2, 863, 80213d, 047
17, 628
24, 701
97, 077
65, 07218, O0U
6, 733, 417
00
3589
00
00
408554
93
14
0700
17
MAY 6.
38 batiks
$2, 300, 000
456, 523285, 6J8
605, 700
275
2, 945, 616122, 727
18, 6[)Q
21, 267
107,198
95, 79523, UOO
6, 982, 429
00
3550
00
00
696636
32
77
8500
50
JULY 1. ;
40 banks .
$2, 332, 500 00
490, 073 35209, 964 92
620, 990 00
20, 138 00
3,170. 700 40114,007 9229, 233 88
53,186 12
79, 269 23
104. 142 6215, 50u 00
7, 240, 306 44
OCTOBER 1.
41 b a n k s .
$2, 402,100
500, 573279, 028
646, 630
1, 240
3, 725, 521113,19537, 921
44, 977
154, 782
136. 97513, 000
8, 055, 946
00
3582
00
00
667512
78
47
2700
22
I D AHO.
Capital stock . . .
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits..U. S. deposits . . .Dep'tsU.S.dis.officers
Due to national banks
Due to State banks . .
Notes re-discountedBills payable
Total
4 banks.
$250, 000 00
20,000 0068, 444 29
59, 290 00
458, 866 71
1,385 27
23, 279 05
881, 265 32
4 banks.
$250,000 00
20, 000 0037, J67 96
58, 090 00
454, 826 01
256 20
16, 922 02
837,262 19
4 banks.
$250, 000 00
20, 000 0039,931 44
60,040 00
426, 084 30
65 94
29,172 50
825,294 18
4 banks.
$250,000 00
20, 000 0050, 400 97
59,740 00
423, 388 98
3,221 25
15,274 47
822, 025 67
4 banks .
$250, 000 00
20, 000 0062, 54ti 34
60,140 00
416, 654 59
45 59
44, 575 30
853, 961 82
MONTANA.
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits ..U. S. depositsDep'ts U.S.dis. officers
Due to national banks
Due to State banks -..
Notes re-discounted..Bills payable
Total
13 banks
$1, 650, 000
264, 500641, 888
355, 950
4, 622, 74461,241
140, 832
183, 272
69, 312
66, 714
8, 056, 456
00
0037
00
691780
75
66
04
48
14 banks.
$1, 735, 000
292, 500629, 881
378, 750
4, 854, 58759, 852
102, 021
200, 398
52, 919
98,177
8, 404, 088
00
0056
00
244444
73
87
64
92
14 banks
$1,750,000
292, 500695,316
378, 250
4, 858, 381110,75915, 892
118, 770
76, 990
111,288
8,408, 150
00
0042
00
760168
70
71
73
01
14 banks.
$1, 750, 000
293, 500649, 105
378, 550
10 000
5, 247, 47669, 80180, 733
178, 447
50, 361
116, 689
8, 824, 665
00
0028
00
00
6716.93
91
52
42
89
15 banks.
$1, 810, 000
298, 000740,678
378, 250
5, 329, 503136, 32826, 293
413, 987
45,133
109, 32228
9, 287, 524
00
0017
00
134781
42
20
0235
57
5745 CUR lt>Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
2 4 2 REPOJRT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884, arranged
Resources.
Loans and discountsBonds for circulationBonds for deposits ..TJ S bonds on handOther stocks and b'dsDue from res' ve ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currencyTraili* dollarsSpecieLegal-tender notes . -TJ. S. cert's of deposit.Due from U. S. Treas
Total |
DECEMBER 20.
8 banks.
$1,278,031 22450, 000 00210, 000 00
38, 529 49125,715 62382,929 60133,396 97122,691 7040, 002 414, 637 G6
26, 366 16
29, 950 00781 56
147,951 0580,185 00
20,470 00
NEW MEXICO.MARCH 10.
8 banks .
$1, 322, 069 31450, 000 00210,000 00
45, 661 28155, 560 70304,031 12100, 304 60146, 959 09
25, 968 085,567 71
12, 263 84
24,166 001, 215 53
174, 256 3583,107 00
23, 737 50
3,091,638 44 3, 084, H6S 11
MAY 6.
8'banks.
$1,426,003 14450, 000 00210, 000 00
47,381 06217, 502 14284,433 3261,274 30
172, 407 7329, 835 14
5, 143 4122, 962 72
24, 603 001, 286 48
173, 385 7877, 248 00
19, 757 50
3, 223, 403 72
JULY 1.
' 8 banks.
$1,443,714 49412,500 00210, 000 00
46, 848 44205,493 55331,166 49
97, 820 12174,429 7328, 778 226,513 25
25,287 90
21, 307 00987 90
125, 807 5769,178 00
20, 550 00
3, 220, 382 66
OCTOBER 1.
8 banks .
$1, 423, 513 01412, 500 00210, 000 00
60, 597 91324, 626 24308, 296 7767,379 52
159, 906 9828,714 53
7, 935 1311, 977 29
23,121 00942 61
141, 533 6570, 816 00
17, 850 00
3,269,710 64
Loans and discounts.Bonds for circulationBonds for deposits . .TJ S bonds on handOther- stock and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksHeal estate, &cCurrent expensesPremiums paidCash items -Cl^ar'g-honse exch'gsBills of other banks .Fractional curreneyTnde dollars
Legal-tender notes . .TJ S cert's of depositDue from TJ. S. Treas
Total
5 banks.
$1, 322, 922387, 500100, 000
192,15450, 588
237, 29084,15584, 40512, 85235, 109
4, 822
34, 8C474
320 89021, 391
17, 437
2, 906, 547
130000
2540661404495613
0044
7500
50
49
U T
5 banks.
$1,214,142387, 500100, 000
192,09453, 954
163, 82292,10583, 74513, 29233, 4536, 462
2,045195
237 27812, 239
16, 937
2, 609. 268
A
910000
3427972504093141
0008
01)00
50
07
H .
5 banks.
$1,197,815387, 500100, 000
192, 09466, 498
143, 04188, 85184, 6915, 375
33, 4535,477
4,717468
222 3869,046
17,437
2, 55H, 854
620000
3417427304963130
0085
0000
50
24
6 banks .
$1, 344, 386 33437, 500 00100, 000 00
236, 809 60170, 846 76205,465 64106, 579 16110,827 77
4,921 1128, 3G7 7313, 035 87
5, 476 00375 75
182 116 6423, 660 00
19, 687 50
2, 990, 055 86
6 banks .
$1, 365, 239 07437,500 00100, 000 00
247, 880 35135. 390 29357, 426 67101,631 27111, 183 24
17, 639 7727, 805 23
8, 719 27
28,174 00160 00
215 577 6235, 040 00
19,687 50
3, 209, 054 28
WASHINGTON.
Loans and discountsBonds for circulation.Bonds for denositsTJ S bonds on hand..Other stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear'g-house exch'gsBills of other banks..Fractional currencyTrade dollarsSpecieLegal-tender notes ..TJ S cert's of depositDue from U.S. Treas
Total
15 banks
$1, 854, 265317, 500
10090,46373,13624,83156, 761
170, 52730, 04721, 29914 3">4
9,379125
286 2907. 069
15, 225
2,971,346
8600
002897270676629143
0031
4200
00
89
15 banks
$1, 865, 373310, 000
10,10088,01578, 57257, 32742, 449
175, 41118,25825, 95815 880
9,296156
303 63217, 846
15, 987
3, 034, 26C
6200
Of)31962732813864
0078
0700
50
45
15 banks
$1, 878, 240310, 000
10087, 297
100, 85641,91757, 662
183, 93925, 51035, 95315 60(3
10, 942247
263 18321, 088
14, 650
3,047, 196
3800
0095759708500264
on0040
5400
00
13
15 banks
$1, 933, 331310,000
10073, 738
172, 81774, 70853, 781
182,16217, 99535, 64720 366
11, 273270
269 06713, 844
14 048
3,183,154
6500
0058449047909449• ? * '
0078
7100
50
68
15 banks
$2, 035, 383380, 000
79,152154, 35584,491
110. 245148, 07519, 43551,452*>6 377
22, 746255
265 36515,109
17, 200
3, 409, 643
9100
06173901207049
0004
4400
00
95
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORT OF THE COMPTROLLER OF THE CURRENCY. 243
by States and reserve cities—Continued.
NEW MEXICO.
Liabilities.
Capital stock . . .
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits...U. S. depositsDep'ts U.S.dis.officers
Due to national banks
Due to State banks...
Notes re-discountedBills payable
Total
DECEMBER 20.
8 banks .
$645, 000 00
165 888 0386, 298 22
400,097 00
40 00
1, 430, 297 0882, 653 27
124, 942 50
77, 918 11
68, 504 23
10, 000 00
3, 091, 638 44
MARCH 10.
8, banks .
$650, 000
137, 57564, 627
400, 237
40
1, 468, 66874, 346
108, 547
116, 796
54, 029
10, 000
3, 084, 868
00
8848
00
00
127339
19
32
00
11
MAY 6.
8 banks .
$650, 000
139, 28765, 727
401,160
844
1, 585, 21599,617
J 03, 270
144,160
24,121
10, 000
3, 223, 403
00
8533
00
00
213505
22
71
00
72
JULY 1.
8 banks .
$650, 000
157, 28751, 020
369, 590
200
1, 587, 84485,471
100,174
162, 570
46, 222
10, 000
3, 220, 382
00
8548
00
00
578352
50
91
00
66
OCTOBER 1.
8 banks .
|650, 000
153, 20950, 474
369, 770
240
1, 750, 47577, 99999, 279
96, 031
22, 230
3, 269, 710
00
7570
00
00
140770
43
85
64
UTAH.
5 banks. 5 banks.
Capital stock .
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits..U. kS. depositsDep'ts U.S.dis.officers
Due to national banks
Due to State banks ..
Notes re-discounted..Bills payable
$600, 000 00 $600, 000 00
243, 750 0083, 773 86
319,150 00
266, 250 0055, 409 17
306, 900 00
642 00 !
1, 507, 479 82 j20,327 63 j64,810 92 j
38,031 98
21,901 28
1,680 005, 000 00
856 00
1, 206, 735 5047, 459 3241,587 77
27, 954 78
49, 435 53
1, 680 005, 000 00
5 banks .
$600, 000 00
266, 500 0054, 575 98
298, 800 00
2, 626 00
1, 207, 693 5941, 322 0239, 221 72
26, 775 59
16, 339 34
6 banks. ;
$800, 000 00 |
274, 000 00 I37, 880 62 j
299, 750 00 I
6 banks.
$800, 000 00
274, 500 0067, 097 89
324, 930 00
6, 471 00 3,171 00
1, 452, 188 79 I 1, 626, 640 9251, 389 02 | 17, 682 8820, 925 84 i 45, 904 58
21, 836 6115, 861 49
26, 589 10
Total
5, 000 00 I
2, 558, 854 242, 906, 547 49 | 2, 609, 268 07
WASHINGTON.
5, 000 00
2, 990, 055 86
27, 290 40
3, 209, 054 28
15 banks.
Capital stock
Surplus fundUndivided profits
Nat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits...U. S. deposits.
Dep'ts U.S.dis.officers
Due to national banks
Due to State banks . . .Notes re-discounted..Bills payable
$960, 000 00
90, 429 49353, 058 80
284,450 00
4, 620 00
1,139, 626 48
15 banks.
$980, 000 00
114, 529 82312, 688 10
277, 600 00
15 banks.
$980, 000 00
135, 529 82 :349, 907 88 '
277, 600 00 !
15 banks .
$1, 005, 000 00
137,423 50372, 057 40
264, 950 00
1, 270 00 j 790 00 ! 2,165 00
1, 221, 513 01 | 1, 207, 010 25 I 1, 343, 740 24
46,125 65
83, 036 47
51, 623 55
75, 041 97
43, 546 86 !
52,811 32 j
15 banks .
$1,005,000 00
140,091 26375, 375 60
322,560 00
575 00
1, 450, 206 17
29, 205 70 |
18, 612 84 !
48, 298 90
67, 537 02
10,000 00 i 10, 000 00
Total I 2,971,346 8 9 | 3,034,266 45 3,047,196 13 1 3,183,154 68 3,409,643 95
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
2 4 4 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since September 30, 1884, arranged
WYOMING.
Resources.•
Loans and discountsBonds for circulationBonds for deposits ..TJ S bonds on handOther stocks and b'dsDue from res've ag'tsDue from nat'l banksDue from State banksReal estate, &cCurrent expensesPremiums paidCash itemsClear1 g-house exch'gsBills of other banks..Fractional currencyTrade dollarsSpecieLegal-tender notes ..U. S. cert's of deposit.Due fromU. S. Treas
Total
DECEMBER 20.
4 banks .
$1, 593, 362 45142, 5U0 0075,000 00
56, 638 14333, 790 35204,971 57
5, 726 7737, 169 6129, 8f>4 5432, 382 5011,454 31
16, 770 00289 13
108, 330 7564,134 00
7,125 43
2,719, 499 55
MARCH 10.
5 banks .
$1, 549, 736 66155, 000 00
60,105 30244, 627 31201,650 27
84, 447 5438, 624 0711,322 7916, 925 018, 747 96
18, 566 00299 32
138,561 6087, 417 00
10, 412 50
2, 626, 443 33
MAY 6.
5 banks .
$1,610,460 15155,000 00
60, 042 29200,216 88117, 3:*3 30
45, 547 0238,637 5719,231 0416, 941 2315, 565 25
23,981 00426 84
164, 027 2386, 700 00
6, 975 00
2, 561, 084 80
JULYl.
5 banks .
$1, 637, 800 47155, 000 00
68,411 44337,611 88258, 652 77
20, 924 5338, 679 9213, 668 1216,644 7513,101 09
19, 014 00265 16
170, 576 7672,510 00
6, 975 00
2, 829, 835 89
OCTOBER 1.
5 banks.
$1, 860, 906 47155,000 00
74,153 39244,907 72295, 693 93
44, 863 7738,821 3426. 352 6516, 577 25
9, 633 42
17,763 00154 65
209, 694 8564,416 00
7, 675 00
3,066,613 44
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EEPORT OF THE COMPTROLLER OF THE CURRENCY. 245
by States and reserve cities—Continued.
W YOMING.
Liabilities.
Capital stock
Surplus fundUndivided profits
Ifat'l bank circulationState bank circulation
Dividends unpaid
Individual deposits...U. S. depositsDep'ts TJ.S.dis. officers
Due to national banks
Due to State banks...
Notes re-discounted..Bills payable
Total
DECEMBER 20.
4 banks .
$525, 000 00
80, 000 00142, 535 27
125, 950 00
1, 708, 042 4417, 135 9249, 908 03
21, 357 47
6, 906 76
42, 663 66
2, 719, 499 55
MARCH 10.
5 banks .
$800,000 00
134, 000 0098, 803 17
127, 450 00
1, 429, 881 56
31,461 69
4, 846 91
2, 626, 443 33
MAY 6.
5 banks .
$800,000 00
134, 000 00130, 327 27
137, 700 00
1, 340, 956 04
15, 461 79
2, 639 70
2, 561, 084 80
JULY 1.
5 banks .
$800, 000 00
139, 000 00103, 917 43
136, 500 00
1, 595, 710 87
28, 442 42
26, 265 17
2, 829, 835 89
OCTOBER 1.
5 banks .
$800, 000 00
140, 000 00151, 593 32
139,500 00
1, 744, 352 95
61, 258 07
29, 909 10
3, 006, 613 44
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
INDEX.
Page.INTRODUCTION 5
Number of banks organized during the year, with their capital and circulation 5Location of banks organized during the year in States, with their number, capital, bonds de-
posited, and circulation issued 5Location by geographical divisions 6Number of banks organized since establish ment of system 6Number of banks in liquidation since establishment of system 6Number placed in hands of receivers 6Number of banks expiring by limitation during the year 6Number of banks extended during the year under the act of July 12, 1882 6Number of banks to expire during November and December of present year 6
MINIMUM BONDS REQUIRED BY LAW 6
Tendency to limit deposit of bonds to minimum required by law 6Decrease during past three years of bonds deposited in excess of minimum required by law. 6Increase in number of banks organized with capital of $150, GOO and under 7Value of national-bank system to the public 7
EXTENSION OF CORPORATE EXISTENCE OF NATIONAL BANKS 7
Banks organized under act of February 25, 1863 8Number organized underact of February 25, 1863, which extended their corporate existence. 8Banks organized under act of June 3, 1864 8History of the act for extension of corporate existence 8Action of banks expiring prior to the passage of the act of July 12, 1882 8Decision of At torney-General 8Dates of extension of banks organized under act of February 25,1863 9Expiration of banks during the years from 1886 to 1899, inclusive, with their capital and cir-
culation 9Total number of banks extended Tinder act of July 12, 1882 9Number of banks expiring from November 1, 1884, to November 1, 1885 10Additional labor entailed upon the office 10Expiring national banks generally extend their corporate existence 11Provisions of the act of July 12, 1882, generally well adapted for the purpose 11Amendment to section 5, act of July 12, 1882 11Amendment to section 6, act of July 12, 1882 12Anticipated deposit of legal-tender notes on and after February 2">, 1886 12Attention called to provisions of section 9 of the act of July 12, 1882 13Action taken by office to obviate difficulty anticipated February 25, 1886 13Reappraisals of stock made by the office 13
•CIRCULATION OF THE NATIONAL BANKS 13
Aggregate bonds on deposit diminished during the year 14Comparison of class and kind of bonds on deposit to secure circulation on November 1,1883,
1884, and 1885 14Net decrease of circulation during the year 14Reduction of national-bank circulation due to other causes 15No laws affi cting national-bank: circulation enacted during last year 16Reduction will continue unless the banks can make a greater profit on their circulation 16Issue of notes unsecured by bonds considered 16Suggestions as to safety-fund system 17Results of the liquidation of 104 insolvent national banks in relation to unsecured circula-
tion 17Bank circulation being superseded by silver dollars and silver certificates 18Number of silver dollars coined 18Amount of silver dollars held in the Treasury and in circulation 18
247
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248 INDEX.
Page.CIRCULATION OF THE NATIONAL BANKS—Continued.
National banks and silver certificates 15>Coining of silver dollars in excess of present requirements 19Unsettled state of silver question 19
Probable effect of going to silver basis 20BANK-NOTE ISSUES OF OTHEH COUNTRIES 20
Introductory remarks 20Necessity of Government enactment to protect the public from loss on bank-note issues 20"Bank-note circulation in England 21Act regulating issue of bank notes in England 21Amount of circulation of English banks, including the Bank of England 21Proportion of actual circulation of English provincial banks to their entire liabilities 21Amount of notes issued by the Bank of England 22Notes of Bank of England secured by the Government debt or bullion 22Notes of England joint-stock and private banks based on their general credit 22Bank of England issues notes for gold bullion 22Tax paid by the Bank of England 22Bank of England notes a legal tender 22Action of Bank of England in times of financial distress 221
Bank-note issues in Scotland and I re land 23Priv i lege of addit ional issue enjoyed by b a n k s in Scotland and I re land 23Liabi l i t ies to individual sharehoLleis in Scotland and Ireland unl imited 23Scotch and Ir ish banks hold no specia l securi t ies against the i r i ssues 23
B A N K S O F ISSUE OF CANADA 23
G eneral bank act of Canada 23None but chartered banks permitted to issue notes 23Law against over issue 23Denominations of the bank notes 24Bank notes a first charge on all assets of the bank 24Liability of shareholders in Canadian banks 24Cash reserve held 24Branch banks and offices 24Provisions as to Dominion notes 24
ENGLISH AUSTRALASIAN COLONIES 25
Australasian banks carried on under Scotch system *.. 25Reserve held 25Laws in force 25Large proportion of one-pound notes issued 25Coin reserve 25Taxes imposed 25Banking in Australia much extended since 1873 25Recent banking measures introduced in the New Zealand parliament 25
BANK OF ISSUE OF FRANCE 25
Bank of France has exclusive right to issue notes 25Notes of the Bank of France are based on the security of the general assets 25No limitation to the circulation of the bank by law 25Notes of Bank of Fiance a legal tender, redeemable in either gold or silver 26Amount outstanding and reserve held on October 1, 1885 26
BANKS OF ISSUK OF GEUMANY 26
Banking law of 1875 26Position of Imperial Bank of Germany 26Amount of circulation allotted to the Imperial Bank and the provincial banks 26Annual tax on excessive issues .- 26Special rights of the Imperial Bank of Germany 26Reserve required to be kept by the Imperial Bank of Germany 26
BANK OF ISSUE OF AUSTRIA 26
Austro-Hungarian Bank has exclusive right to issue notes 26• Origin of the Austro-Hungarian Bank * 26
Notes redeemable in coin 26Penalty for non-redemption 26Authorized issues 27Regulations governing the Austro-Hungarian Bank ". 27
BANK OF ISSUE OF BELGIUM 27
Issue of bank notes confined to the National Bank of Belgium 27Notes of national bank a legal tender to the Government 27"Reserve required - 2T
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INDEX. 249
Page.BANK OF ISSUE OF THE NETHERLANDS 27
Netherland national bank has monopoly of issuing bank notes 27Issues two classes 27Reserve required 27
BANK OF ISSUE OF DENMARK 27
Bank of Copenhagen has exclusive privilege of issuing bank notes in Denmark 27Issues without limit 27Amount of notes outstanding December 31, 1884 28
BANK OF ISSUE OF NORWAY 28
Bank of Norway has exclusive privilege of issue in Norway 28Laws relating thereto 28Notes a full legal tender 28
BANKS OF ISSUE IN SWEDEN 28
Bank of Sweden founded in 1656 28First bank in the world to issue notes 28Kind and amount of notes in circulation 28Reserve kept 28Enskilda banks 28Issue of notes by Enskilda banks and regulations controlling the same 29
BANK OF ISSUE OF RUSSIA 29
Imperial Bank of Russia has exclusive right to issue bank notes 29No limit to issue of circulation 29Connection of bank with the Government 29Amount of notes oustanding at latest obtainable date 29
BANKS OF ISSUE OF SWITZERLAND 29
Cantonal and joint-stock banks - 29Issue unlimited 29Tax on bank notes 29No preference given to note-holders 29Amount outstanding December 31, 1884 29
BANKS OF ISSUE OF ITALY. 29
Law governing the issues of bank notes in Italy 29Issues of associated banks 29Government loans to banks 30Additional notes issued by banks 30
BANK OF ISSUE OF SPAIN 30
Bank of Spain has exclusive right to issue bank notes 30Limit of issue 30Notes payable in coin 30
BANKS OF ISSUE IN PORTUGAL 30
Issue of Bank of Portugal and other banks 30Privileges of the Bank of Portugal 30Notes outstanding December 31,1884 30
BANKS OF ISSUE IN JAPAN 30
National bank act of Japan 30Number of national banks in operation in Japan 30Amount of outstanding notes 30Specie bank of Yokohama 30Banking bureau and financial development of Japan 31Establishment of Bank ofc Japan 31Intentions of the Bank of Japan 31
INTEREST-BEARING FUNDED DEBT OF THE UNITED STATES AND AMOUNT HELD BY THE NATIONAL
BANKS. 31Reduction of the funded debt since 1869 31Amount held in foreign countries 31Interest-bearing funded debt on August 31, 1865, July 1 in each succeeding year, and on No-
vember 1, 1885 32SECURITY FOR CIRCULATING NOTES 32
Changes in the rates of interest on United States bonds deposited as security by the nationalbanks 33
Bonds held by the Treasurer as security for circulating notes November 1, 1885 33Dates of authorizing acts 33Profits on circulation merely nominal 33
COMPARATIVE STATEMENTS OF THE NATIONAL BANKS FOR ELEVEN YEARS 34
Resources and liabilities of national banks on October 1,1885 35Twenty-five States having largest amount of banking capital, together with amount of circu-
lation, loans, and deposit 36Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
250 INDEX.
Page.^REDEMPTION 36
Maintenance of the 5 per cent, redemption fund 36National-bank notes redeemed by the Treasurer at the expense of the banks 36National-bank notes received monthly by the Comptroller of the Currency and at the re-
demption agency of the Treasnry from November, 1884, to November, 1885 37Amount received by the redemption agency from principal cities 37Increase in redemption of notes fit for circulation 37Total amount received by the Comptroller of the Currency for destruction; 37Number and amount of national-bank notes of each denomination issued and redeemed since
the establishment of the system and on November 1, 1885 37Eeference to table in appendix showing amount of national-bank notes outstanding by do-
nominations on October 1 of the last thirteen years r . . 37National-bank notes received and destroyed in the office of the Comptroller of the currency
yearly since the commencement of the system 38NATIONAL BANK FAILURES 38
Failures since last year 38Affairs of insolvent banks finally closed during the year 38Insolvent banks closed with the exception of litigation : 39List of insolvent banks which paid dividends during the year 39Decrease in number of failures during the year 1885 40Action under criminal section of national-bank law 1 40Number of banks in hands of receivers since the commencement of the system 40Number of banks in voluntary liquidation 40Number of insolvent banks finally closed 40Number of insolvent banks in process of settlement 40Losses to depositors in national banks 40Total dividends paid creditors of insolvent national banks 40Dividends paid creditors of insolvent national banks duiing the year 40Assessments upon stockholders and amounts collected therefrom 40
TAXATION 41
Tax on circulation the only remaining Government tax 41Cost of the national-bank system to the Government, how paid 41Suggestions as to repeal of law for taxation of circulation 41How expenses of the national -bank system may be paid if tax is repealed T . . 41Total expense of the office of Comptroller of the Currency from the date of the establish-
ment of the system 41Total tax collected on circulation during the fiscal year ending June 30, 1885 41Taxes paid by the national banks on circulation, deposits, and capital from 1864 to 1885, in-
clusive 42Taxes paid by banks other than national banks on circulation, deposits, and capital from
1864 to 1882 42STATE TAXATION OF NATIONAL-BANK SHAKES 42
Recent important decision by the United States Supreme Court 43Original national currency act did not authorize States to tax national banks 43Reasons for granting the privilege 43Power to tax national-bank shares granted by the act of June 3,1864 43Question as to the exemption of United States bonds held by the national banks 43Opinion of Hon. Freeman Clarke Comptroller of the Currency 43Decision of the United States Supreme Court in Van Allen v. Assessors 43Distinction as to property in national-bank shares 44Decision of the United States Supreme Court in Peoples. Commissioners 44Decision of UDited States Su pi erne Court in Lionberger v. Rouse 44Effect of act of February 10, 1868 44Action of Congress upon approving Revised Statutes 44Method in which validity of State tax on national bank shares is to be determined under
present law 45Classification of discriminations made in taxation of national bank shares 45Decision of the United Slates Supreme Court in Pelton v. Commercial National Bank, of
Cleveland; Cummings v. Merchants National Bank, of Toledo; in People v. Weaver; inEvansville Bank v. Britton ; Supervisors v. Stanley ; Hepborn v. School Directors ; Boyerv. Boyer 46
Effect of decision in Boyer v. Boyer 46Action of banks in city of New York 47State and municipal taxation of national bank notes 47
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INDEX. 251
Page.LOANS AND HATES OF INTEREST 47
Classification of loans of national banks in New York and other reserve cities on October 2,1883, September 30, 1884, and October 1,1885 48
Classification of loans of national banks in New York City for the last five years 48Recommendation renewed that the law should be amended to relieve from the limit of 10
percent, of capital, loans on United States bonds, produce and warehouse receipts 48RATES OF INTEREST IN N E W YORK CITY AND IN FOREIGN COUNTRIES 49
Average rate in New York for the fiscal years from 1875 to 1885 49Aver age rate of the Bank of England at same dates 49No change in rate of discount of Bank of England during the past year 49Rates in New York City for the four months previous to November 1, 1885, and on that date. 49Changes in the rate of discount of the Bank of France during the year 1885 49
Denominations of bills discounted by the Bank of France for the year 1884 50
DIVIDENDS AND EARNINGS 50
National bank system not weakened by commercial failures during 1884 and 1885 50Surplus and undivided profits on September 30, 1884, and October 1, 1885, compared 50Losses of national banks during the last five years 50Dividends paid by banks in foreign countries and in the United States compared . 51
TRANSACTIONS OF THE N E W YORK CLEARING HOUSE 51
Average daily balances 4 52Total amount of settlements during the year 52Form in which balances were paid 52Balances due from the Government paid in gold certificates and legal-tender notes 52Transactions of the New York Clearing-House for thirty-two years 52
Transactions of Assistant Treasurer of the United States at New York for the year endingOctober 31, 18*5 53
Reference to clearing-house tables in the Appendix 53
Transactions of clearing-houses located in New York and other cities for the week endingOctober 31, 1885, and for the corresponding week in 1884 53
Transactions of the same clearing-houses for the month of October, 1884 and 1885 53Transactions of clearing-houses located in 25 cities for the year ending October 31,1885 54Large proportion of exchanges in New York City. 54
CLEARING-HOUSE CERTIFICATES 54
Law in reference to United States clearing-house certificates 54Legal-tender certificates and amount outstanding at various dates 54Gold certificates, act of March 3, 1^63, and amount outstanding at various dates 54Gold certificates issued against gold deposited with the bank of America and amount out-
standing at various dates 55Gold certificates authorized by the act of July 12, 1882 55Clearing-house certificates based on fractional silver coin 55Gold and silver certificates held by the Treasurer and the banks 55Clearing-house certificates issued to Metropolitan National Bank 56
RESERVE 56
Net deposits and the amount and classification of reserve held by the banks in New YorkCity and other reserve cities, and by the remaining banks at various dates 56
Movement of reserve for the last nine years as shown by returns made to the New YorkClearing-House 57
UNITED STATES LEGAL-TENDER NOTES AND NATIONAL HANK CIRCULATION 58
Sketch of the history of legal-tender notes, amount and kinds of outstanding currency of theUnr ed States and of the national banks, August 31, 1865, aud on November 1, 1885 58
Lawful money deposit under act June 2C, 1874 58Nation; 1 bank circulation redeemed since June 20, 1874 58National-bank circulation issued and retired by the banks located in each State since Jnne
20, 1874 \ 59
Additional circulation issued and circulation retired during the year 60Lawful money deposited during the year to retire circulation 60Total amount of lawful money deposited under act of July 12, 1882 60
Lawful money on deposit by insolvent and liquidating banks, by banks reducing circulationon the first day of each of the last five mouths . . . 60
DENOMINATIONS OF PAPER CIRCULATION OF THE UNITED STATES AND OF THE BANKS OF FOREIGN
COUNTRIES 60
Smallest denomination of national-bank notes now issued 60Denominations of national-bank and legal-tender notes outstanding October 31, 1885, and ag-
gregates for the two previous years 61Percentage of different denominations now outstanding 61
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
252 INDEX.
Page.UNITED STATES LEGAL-TENDER NOTES AND MATFONAL BANK CIRCULATION—Continued.
Circulation of Imperial Bank of Germany on January 1,1885, by denominations 61Increase in the circulation of the Imperial Bank of Germany during the year 61Circulation of the Bank of France January 1, 1885, by denominations 62Decrease in the circulation of the Bank of France during the year 62Smallest denominations issued by foreign banks 62
DISTRIBUTION OF COIN AND PAPER CURRENCY 62
Net imports and estimated gold production since resumption of specie payment 62Standard silver dollars coined during the year 63Coin and currency in the country on the date of resumption and on November 1, 1882,1883,
1884, and 1885 , 63Decrease in national bank-notes during the year 63Increase or decrease during the year in coin and currency 63Gold, silver, and currency in private, state, and national banks on date of resumption and
on November 1, 1882,1883, 1884, and 1885 64Gold, silver, and currency in the country outside of the banks and Treasury on the same
dates 64Increase of gold in the Treasury and in the banks during the year 64Issue of silver certificates and amount outstanding on the date of resumption and on No-
vember 1 of the last five years 65Decrease in circulation and silver certificates during the year 65Gold certificates issued under act of July 12, 1882 65
SPECIE IN BANKS AND IN THE TREASURY OF THE UNITED STATES AND ESTIMATED AMOUNTS IN THE
COUNTRY .„ 65
Specie held by the banks for the last eleven years 65Silver coin and certificates held by the national banks 66Specie held by the banks other than national, as reported to the State officers 66Estimate of the Director of the Mint as to the coin in the country on June 30, 1885 67Estimated increase from June 30. 1885, to November 1, 1885 67Amount of gold and silver bullion in the mint and in New York assay office October 1,1885. 67Gold and silver in the Treasury of the United States on September 30 of each year from 1876
to 1885, and on November 1, 1885, with the percentage of each 67Coin and bullion in the Bank of England each year from ] 870 to 1885 68Gold and silver in the Bank of France each year from 1870 to 1885 68
NUMBER, CAPITAL, AND DEPOSITS OF STATE AND SAVINGS BANKS AND PRIVATE BANKERS 68
Act of Congress requiring the Comptroller to obtain information in reference to banks or-ganized under State laws 68
State banks, trust companies, and savings banks with capital and without capital, by geo-graphical divisions, with their number, capital, and deposits . . . . . 69
State banks, savings banks, private bankers, and natior»al banks, by geographical divis-ions, with their number, capital, and deposits 69
Total number of banks and bankers in the country 69Number, capital, and deposits of each of the class of banks, for the seven years ending No-
vember 30, 1882 70Repeal of the law taxing capital and deposits of State banks and private bankers 70
AMOUNT OF UNITED STATES BONDS HELD BY BANKS ORGANIZED UNDER STATE LAWS 70
United States bonds held by State banks in 1881, 1882, 1883, 1884, and 1885, arranged by geo-graphical divisions 7 0
STATE BANKS, TRUST COMPANIES, AND SAVINGS BANKS 71
States from which returns have been received through the courtesy of State officers . . . . . . . 71Resources and liabilities for the last five years of State banks and trust companies in opera-
tion 71States in which the above banks and companies are located 71Resources and liabilities of savings banks for the last five years 73Savings banks in the city of Philadelphia 72Comparison of the deposits of savings banks and trust companies with those of national
banks 72.Average per capita savings bank deposit accounts in New EDgland 73Average per capita savings bank deposit accounts in the State of New York 73Reference to State bank statistics in Appendix 73Private bankers, impossible to obtain authentic information in regard to them 72Reference to tables in the Appendix giving information for previous years 73Special attention called to the synopsis of judicial decisions, and to tables in the Appendix
and to the index of subjects and list of tables to be found at the close of the Appendix 73Reference to the industry and efficiency of officers and clerks in the office of the Comptroller. 73
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INDEX. 253
TABLES CONTAINED IN THE APPENDIX.Page.
Names and compensation of officers and clerks in the office of the Comptroller of the Currency,and expenses for the fiscal year ending June 30, 1885 75
Synopsis of the decisions of the Supreme and circuit courts of the United States and of Statecourts of last resort upon national-bank questions . . . 77
Number and capital of national banks the corporate existence of which was extended prior toNovember 1, 1885 107
National banks whose corporate existence will expire during the year 1886 107Number of banks organized and in operation, with their capital, bonds on deposit, and circula-
tion issued, redeemed, and outstanding, on November 1, 1885 108Number and denomination of national bank notes issued and redeemed, and the number of each
denomination outstanding, on November 1 in each year, from 1873 to 1885 109Losses that would have been incurred bv the holders of notes of insolvent national banks if
such notes had been unsecured except by a first lien on the general assets of the respectivebanks, giving results if the issue of such unsecured notes had been permitted to the extent of90, 80, 70, 50, and 23 per cent, of the capital 110
Percentage of circulation unredeemed of banks that went into voluntary liquidation from Jan-uary 1, 1879, to January 1, 1881, on November 1, 1882, an average of three years from date ofliquidation 114
Percentage of circulation unredeemed of banks that went into voluntary liquidation from Jan-nary 1, l)-79, to January 1, 1881, on November 1, 1885, an average of six years from date ofliquidation 115
Principal liabilities and resources on October 1, 1885, of the national banks, by States and re-serve cities, arranged in eight principal divisions 116
Number of banks with capital of $150,000 and under, and with $150,000 and over, in each State,Territory, and reserve cit57, with amount of bonds deposited to secure circulation on October1, 1885 120
Number of banks in each State, Territory, and reserve city, with capital, minimum of bondsrequired, bonds actually held, and circulation outstanding October 1, 1885, and increase ofcirculation if authorized to par value of bonds 122
Monthly increase and decrease of national-bank circulation from November 1, 1881, to October31, 1885, to which is added the preceding yearly increase and decrease since January 14,1875.. 124
Average prices (flat and net) of and rates of interest realized to investors in the United Statesfour per cents and four and one-half per cent, bonds from October 1, 1884, to September 30,1885, inclusive; annual profit on national-bank circulation- 125
Amount, by States, of national-bank circulation issued, of lawful money deposited in the UnitedStates Treasury to retire such circulation, from June 20, 1874, to November 1, 1885, and theamount remaining on deposit at the latter date 126
National banks that have gone into voluntary liquidation under sections 5220 and 5221, RevisedStatutes of the United States, with the dates of liquidation, amount of capital, circulationissued and retired, and circulation outstanding November 1, 1883 127
National banks that have gone into voluntary liquidation under sections 5220 and 5221, RevisedSt-'tutes of the United States, for the purpose of organizing new associations, with date of liq-uidation, capital, circulation issued, retired, and outstanding November 1, 1885 135
Names of banks in liquidation under section 7, act July 12, 1882, with date of expiration of char-ter, circulation issued, retired, and outstanding November I, 1885 137
Names of banks in liquidation under section 7, act of July 12, 1882, with date of expiration ofcharter, circulation issued, retired, and outstanding, succeeded by associations with the sameor different title, November 1, 1885 138
Similar exhibit, with lawful money deposited, &c, in regard to national banks in the hands ofreceivers 139
Insolvent national banks, with date of appointment of receivers, capital stock, claims proved,and rate of dividends paid 141
Classification of the loans and discounts of the national banks in New York City, in Boston,Philadelphia, and Baltimore, in the other reserve cities, and in the States and Territories onOctober 1, 1885 144
Liabilities of the national banks, and the reserve required and held at three dates in each yearfrom 1882 to 1885 145
Dividends and earnings of the national banks, arranged by geographical divisions for semi annualperiods from September 1, 1876, to September 1, 1885 146
Abstract of reports of dividends and earnings of national banks in the United States from Sep-tember 1, 1884, to March 1, 1885 148
Similar exhibit from March 1, 1885, to September 1, 1885 150
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
254 INDEX.
Fag©;Ratios to capital and to capital and surplus of the dividends and earnings of national banks, from
March 1, 1881, to September 1, 1885, shown by States and reserve cities 152Clearings and balances of the banks of New York City for the weeks ending at the dates given. 154Average weekly deposits, circulation, and reserve of the national banks of New York City, as
reported to the New iTork Clearing-house, for the months of September and October in eachyear from 1878 to 1885 155-
State of the lawful money reserve of the national banks, as shown by their reports, from Octo-ber 2,1879, to October 1,1885 15$
Lawful money reserve of the national banks, as shown by the reports of their condition at theclose of business on October 1,1885 158:
Number of State banks and trust companies, private bankers, and savings banks, with the aver-age amount of their capital, deposits, and investments in United States bonds for the sixmonths ending May 31,1880 160
Similar exhibit for the six months ending May 31,1881 162Similar exhibit for the six months ending May 31,1882 164Similar exhibit for the six months ending November 30,1882 166Number of State banks, savings banks, trust companies, and private bankers, with their aver-
age capital and deposits, and the tax thereon, for the six months ending November 30, 1882.. 168-Number and average capital and deposits, by geographical divisions, of State banks, private
bankers, and trnnt and loan companies, and of savings banks with and without capital, for thesix months ending November 30, 1875 169
Similar exhibit for the six months ending May 31, 1876 16£Similar exhibit for the six months ending November 30,1876 169Similar exhibit for the six months ending May 31, 1877 .169-Similar exhibit for the six months ending May 31, 1878 169>Similar exhibit for the six months ending May 31, 1878, combining State banks, savings banks,
private bankers, and trust, companies, and showing, in addition, the number, capital, and de-posits of national banks on June 29, 1878 — 170
Number and average capital and deposits, by geographical divisions, of State banks and trustcompanies, private bankers, and savings banks with and without capital, for six months end-ing May 31, 1879, the private bankers being given separately 170'
Similar exhibit, in which the State banks, savings banks, private bankers, &c, are combined,showing, in addition, the number, capital, and deposits of national banks on June 14, 1879. 171
Similar exhibit for six months ending May 31, 1880, showing the State banks and trust com-panies combined, and private bankers, savings banks with capital and without capital, sep-arately 171
Similar exhibit showing the State banks, savings banks, private bankers, &c , combined, forsix months ending May 31, 1880, and the national banks separately on June 11,1880 171
Similar exhibit for six months ending May 31, 1881, the private bankers being given separately.. 172Similar exhibit for six months ending May 31, 1881, the national banks for June 30,1881. 172Similar exhibit for six months ending May 31, 1882, the private bankers being given separately.. 172Similar exhibit for six months ending May 31, 1882, the national banks for July 1,1882 173Similar exhibit for six months ending November 30, 1882, the private bankers being given sepa-
rately - 173Similar exhibit for the six months ending November 30, 1882, the national banks for December
30, 1882 173Resources and liabilities of State banks at various dates 17 4-Aggregate resources and liabilities of State banks from 1881 to 1885 176Resources and liabilities of trust and loan companies at various dates 177Aggregate resources and liabilities of trust and loan companies from 1881 to 1885 177Resources and liabilities, by geographical divisions, of State banks and trust companies, 1884
and 1885 178Resources and liabilities of savings banks organized under State laws at various dates 178Aggregate resources and liabilities of savings banks from 1881 to 1885 180Aggregate deposits of savings banks, by States, with the number of their depositors and the
average amount due to each in 1884 and 1885 180,Amount of national bank and legal-tender notes outstanding on June 20, 1874, January 14, 1875,
May 31, 1878, and November 1, 1885, and the increase or decrease in each . 181Aggregate resources and liabilities of the national banks from October, 1883, to October, 1885 . . . 182Abstract of reports ot the condition of national banks on December 20, 1884, March 10, May 6,
July 1, and October 1, 1885 201.
c
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