revenue to be collected on account of them, would probably supersede the necessity of a compilation from statements or returns under State laws, and suggested the expediency of rescinding the resolution of July 10, 1832, and this suggestion presumably received favorable consideration, as no reports to Congress on the condition of State banks were made by the Secretary subsequent to 1863. From 1864 to 1882 semiannual returns for taxation purposes were made to the Commissioner of Internal Revenue relating to the capital and deposits of banks. By act of Congress dated February 19, 1873, as amended by act of February 18, 1875 (sec. 333, U. S. R. S.), the Comptroller of the Currency is required to collect and publish in his annual report to Congress: A statement exhibiting under appropriate heads the resources and liabilities and condition of the banks, banking companies, and savings banks organized under the laws of the several States and Territories; such information to be obtained by the Comptroller from the reports made by such banks, banking companies, and savings banks to the legislatures or officers of the different States and Territories, and, where such reports can not be obtained, the deficiency to be supplied from such other authentic sources as may be available. From 1873 to 1908 the Comptroller obtained statistics relating to banks other than national from the State bank superintendents, supplementing these returns by correspondence with individual banks in States where no provision was made for periodical returns. From 1909 to 1915, inclusive, while the work of revising the monetary system was in progress, this information was obtained from special individual reports secured by correspondence with the banks and through the cooperation of the State bank superintendents. Information relative to the condition of State banks for the years 1916 and 1917 has been obtained largely from compilations made by the various State superintendents of banking, and appreciative acknowledgment is hereby made of the cooperation and assistance received from these State officers. STATE, SAVINGS, PRIVATE BANKS, AND LOAN AND TRUST COMPANIES. Summaries of reports of conditions received from the various States for the current year for banks other than national show the condition on June 20, 1917 (or dates near thereto), of 20,319 State banking institutions, including private banks and trust companies, or 385 more than reported in 1916. The paid-in capital stock of these banking institutions aggregates $1,191,421,153.48, and their resources amounted to $20,836,357,138.31. In 1916 reporting banks other than national numbered 19,934, with aggregate capital of $1,129,052,115.96 and resources of $18,344,369,696.93. The increase in capital is therefore shown to be $62,369,037.52, or 5.52 per cent, and the increase in resources $2,491,987,441.38, or 13.58 per cent. A summary of reports of conditions of banks other than national is submitted herewith. Summary of reports of condition of 20,319 reporting banks other than national (State, savings, private banks, and loan and trust companies), in the United States and `island possessions at the close of business on June 20, 1917. NOTE.-Figures for Philippines as of December 31, 1916; for Pennsylvania, March 22, 1917; for Nevada, May 1; Nebraska, May 7; Iowa, May 21; Kansas, June 6; Minnesota, July 25; and Maine, New Hampshire, Vermont, Rhode Island, Hawaii, and Porto Rico, June 30. Reports from 10 States show loans secured by farm lands to the amount of $34,848,208.76. The following table shows the principal items of resources and liabilities for each class of banks other than national as of June 20, 1917: Resources and liabilities of 20,319 State, savings, and private banks and loan and trust companies, June 20, 1917. Includes stock savings banks for 13 States and trust companies for 8 States. For the purpose of comparison a statement giving the principal items of resources and liabilities for banks other than national from 1913 to 1917, inclusive, is submitted herewith. Consolidated returns from State, savings, private banks, and loan and trust companies. Statements received from the State banking departments show State banks (commercial banks) to the number of 15,968, with aggregate capital of $600,064,215.61, and aggregate resources of $6,799,669,367.15. These statistics include so-called stock savings. banks in Virginia, West Virginia, South Carolina, Alabama, Kentucky, Tennessee, Wisconsin, North Dakota, Montana, New Mexico, Washington, Idaho, and Nevada; and so-called trust companies in Virginia, North Carolina, South Carolina, Alabama, Tennessee, New Mexico, Idaho, and Nevada, as the banking department of each of the States mentioned does not segregate these classes of banks in their summaries of reports, but designates them as commercial banks. Returns received from many of the States give no classification of loans, investments, etc., but the consolidated statement shows the following incomplete classification of loans: Secured by real estate (including mortgages owned). Total....... $341, 577, 189.76 387, 734, 708. 94 3, 351, 229, 273. 22 4,080, 541, 171. 92 In addition to the loans, overdrafts were reported aggregating $31,013,961.11, as against $27,158,447.45 reported for 1916. The investments in bonds, securities, etc., are classified as follows: The State banks held cash amounting to $319,373,218.66, of which $54,566,927 was gold coin and $53,594,160 gold certificates. Other items of resources were banking house, furniture and fixtures, $175,489,805.06; other real estate owned, $38,273,942.11; checks and cash items and exchanges for clearing house, $138,138,260.18; and resources not classified, $47,563,762.52. State banks had surplus aggregating $288,637,863.19 and undivided profits of $108,493,387.88. Individual deposits amounting to $5,390,824,047.27 are classified as follows: Subject to check without notice.. Certified checks and cashier's checks. Time certificates of deposit. Deposits not classified. Total.... $2,078, 859, 770. 77 158, 395, 871. 55 20, 623, 292. 71 1,048, 303, 412. 14 852, 324, 707. 82 1, 232, 316, 992. 28 5, 390, 824, 047.27 In addition to the individual deposits as classified, dividends unpaid amounted to $526,362.06; postal-savings deposits, $5,974,301.98; and amounts due to banks and bankers $274,945,784.87, making the aggregate deposits $5,672,270,496.18. Notes and bills rediscounted were reported at $18,403,200.67, bills payable $51,357,415.83, and unclassified liabilities $60,442,787.79. The statements from State banking departments included in the foregoing summary are for June 20, 1917, with the following exceptions: Pennsylvania, March 22; Nevada, May 1; Nebraska, May 7; Iowa, May 21; Kansas, June 6; Maine, New Hampshire, Vermont, Rhode Island, Hawaii, and Porto Rico, June 30; and Minnesota, July 25. For the Philippine Islands the official statement as of December 31, 1916, has been used. MUTUAL SAVINGS BANKS HAVING NO CAPITAL STOCK. Summaries of reports of condition were received for the current year from 622 mutual savings banks. The statements for these banks, furnished by the State banking departments, include statistics for Maine, New Hampshire, Vermont, Rhode Island, Connecticut, New York, and Maryland, as of June 30; from Pennsylvania, March 22; from Minnesota, July 25; while those from the other States conform to the Comptroller's "call" of June 20. The mutual savings banks are located mainly in manufacturing centers and towns of the New England and Eastern States, there being only 21 reporting institutions of this character in other sections of the country, namely, 1 in West Virginia, 3 in Ohio, 5 in Indiana, 4 in Wisconsin, 7 in Minnesota, and 1 in California. The resources of this class of banks for the current year aggregate $4,811,038,471.87, and their deposits amount to $4,422,489,384.42, credited to 8,935,055 depositors, the average deposit account being $494.96. In 1916 mutual savings banks reported resources of $4,547,941,986.84, and deposits of $4,186,976,600.64, credited to 8,592,271 depositors. The increases during the year, therefore, have |