In the assembling of data in relation to savings banks, the classification of banks as made by the State banking departments is followed, in consequence of which, in a number of States, banks heretofore treated by this office as savings banks are, for the current year, regarded as commercial banks and the returns are combined. In the foregoing table the figures for 1896 to 1908, inclusive, but not subsequently, include the number of depositors and the amount of deposits in the State banks of Illinois having savings departments, but not the number of such banks, by reason of the fact that general returns from these institutions are incorporated in State banks' re turns. LOAN AND TRUST COMPANIES. Summaries of reports of condition as of June 30, 1916, from 1,606 loan and trust companies show aggregate capital of $475,832,586.87, and aggregate resources, $7,028,269,761.55. In June, 1915, reports were received from 1,664 loan and trust companies with capital of $476,806,240 and aggregate resources of $5,873,120,341. The difference in the number of companies reporting is accounted for by the fact that returns from the banking departments of six States include this class of institutions with their summaries of reports of commercial banks. On June 30, 1916, loan and trust companies held loans and discounts aggregating $3,702,104,485.09, not including overdrafts amounting to $2,264,046.95. Investments in bonds, securities, etc., aggregated $1,605,392,871.86, cash in bank $329,456,991.49, and individual deposits $5,198,496,296.53. Of the individual deposits $1,214,090,179.02 was classified as saving deposits and $166,846,034.47 as time deposits, the remainder, $3,817,560,083.04, being demand deposits. Banking premises and other real estate owned aggregated $187,819,133.50. The loan and trust companies had an aggregate surplus of $508,822,951.65 and undivided profits of $96,669,859.59. In addition to individual deposits amounting to $5,198,496,296.53 the sum of $4,826,014.51 was reported as postal savings deposits, $4,125,999.91 dividends unpaid, and $525,008,135.55 due to banks and bankers. PRIVATE BANKS. Reports of condition as of June 30, 1916, were received from 1,014 private banks against 1,036 reporting in 1915. Less than one-half of the private banking institutions which are not under State supervision can be prevailed upon to furnish reports of condition for statistical purposes. The banks reporting numbered 115 from the Eastern States, 51 from the Southern States, 779 from the Middle Western States, 65 from the Western States, and 4 from the Pacific States. The capital of the 1,014 reporting private banks aggregated $16,852,170.34 and the resources $181,852,052.54. The loans and discounts of the reporting private banks aggregated $116,429,240.73; investments in bonds, securities, etc., $14,393,235.69; amount due from banks, $28,610,481.46, and cash on hand, $6,347,330.97. The surplus was $6,763,114.51, and undivided profits, $3,181,735.68. Of the individual deposits amounting to $146,765,453.88, the sum of $16,302,104.43 was classified as savings deposits and $27,659,270.15 as time deposits. The returns from private banks were all official except those from Pennsylvania, Texas, Illinois, Michigan, Iowa, and Utah, which were received by this office in compliance with the request of the comptroller addressed to the individual bankers. REPORTS OF CONDITION OF ALL BANKS IN THE UNITED STATES. The consolidated statements of condition of 27,513 reporting banks in the United States and island possessions for June, 1916, including National, State, savings, and private banks, and loan and trust companies, show aggregate capital of $2,195,101,115.96 and aggregate resources of $32,271,237,696.93, or an increase of 451 in the number of banks reporting, $32,259,746.03 in capital, and $4,467,108,019.37 in resources during the year. In the weekly statement published by the Federal Reserve Board showing the condition of the Federal reserve banks as of June 30, 1916, the capital of these banks is stated at $54,854,000 and the resources at $624,957,000. By including the reports of the 12 Federal reserve banks with the statistics of all other reporting banks, it will be noted that the aggregate resources of the banks of the country approximate the sum of $32,896,000,000, with a total capitalization of nearly $2,250,000,000. The following statement shows the principal items of resources and liabilities of 27,513 reporting banks from reports of condition at the close of business June 30, 1916, together with a summary of reports of condition of the 12 Federal reserve banks for the same date. Statement showing the principal items of resources and liabilities of 27,513 reporting banks in the United States and island possessions together with the 12 Federal reserve banks as of June 30, 1916. There are about 3,000 private banking concerns in the country from which no reports can be obtained. A careful estimate based on the returns received from private banks indicates that the capital of these nonreporting banks amounts to $60,000,000 and the resources to $535,000,000. The aggregate banking resources of the country, actual and estimated, would, therefore, appear to be over $33,431,000,000, an increase of $4,731,000,000 or 16.48 per cent over the actual and estimated banking resources in 1915. BANKING POWER OF THE UNITED STATES. The banking power of the United States in June, 1916, was $29,353,500,000, as represented by capital, surplus, and other profits, circulation and deposits of national and other reporting banks, together with the estimated amount of funds of this character in nonreporting banks, as of June 30, 1916, as well as the paid-in capital, net reserve deposits, and Federal reserve notes in circulation as shown by the statement of the Federal reserve banks. In June, 1915, the estimated banking power of the United States was $25,397,100,000. The increase for the year was $3,956,400,000, or over 15.57 per cent. The details are set forth in the following table: Banking power of the United States June 30, 1916. 1 Includes dividends unpaid, postal savings and United States deposits but not amount due to banks. 2 Estimated. 3 Reserve deposits (net). 4 One of the bankers' directories gives the total number of banks at 31,624, but over 1,000 of this number are merely brokers and not included in these statistics. SUMMARY OF THE COMBINED RETURNS FROM NATIONAL AND OTHER BANKS, AS OF JUNE 30, 1916. The banks furnishing statements for use in connection with this report number 27,513, being 451 more than reported in 1915. The resources aggregate $32,271,237,696.93 against $27,804,129,677.56 reported in 1915, the increase being $4,467,108,019.37, or 16.07 per cent. The summary following is based upon reports of condition of 7,579 national banks, and summaries furnished by the State banking departments and from individual statements of 15,450 State banks, 622 mutual savings banks, 1,242 stock savings banks, 1,014 private banks, and 1,606 loan and trust companies. The reports from these banks are for the close of business June 30, except that the statistics furnished by the banking department of Nebraska are for the close of business May 29, those of Indiana for May 1, and of Georgia and Kentucky for June 1. Summary of reports of condition of 27,513 banks in the United States and island possessions, including National, State, savings, and private banks, and loan and trust companies, for June 30, 1916. |