Number of savings banks in the United States, number of depositors, amount of savings deposits, average amount due each depositor in the years 1820, 1825, 1830, 1835, 1840, 1845, and yearly to 1917, and average per capita in the United States in the years given— Continued.

The relatively small amount of deposits reported for stock savings banks is due to the fact that the returns from many States include this class of banks with commercial banks.

Includes time deposits, $9,889,107, and commercial deposits amounting to $47,374,709.

69 banks, with deposits aggregating $41,896,000 and depositors numbering 334,970, included with figures for stock savings banks in 1916, are included with statistics for State banks for the current year for the reason that State banking departments did not compile the returns separately.

NOTE. In the assembling of data in relation to savings banks the classification of banks as made by the State banking departments is closely followed, in consequence of which a number of so-called State savings banks, formerly treated by this office as savings banks, are now regarded as commercial banks, and the returns therefrom are combined with the latter.

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' returns.

While deposits in the mutual and stock savings banks aggregating $5,418,022,274 are indicated as savings, approximately $88,000,000 of this sum were reported as subject to check without notice and $26,000,000 as unclassified.

In addition to savings deposits amounting to $7,219,416,446, the banks, including national, report time deposits to the amount of $1,265,721,000 and time certificates of deposit $2,041,787,181, or an aggregate of $10,526,924,627 savings and time deposits in all banks, these deposits being about 40 per cent of the individual deposits in all reporting banks.

LOAN AND TRUST COMPANIES.

Summaries of reports of condition as of June 20, 1917, from 1,608 loan and trust companies show aggregate capital of $505,507,321.82 and aggregate resources of $7,899,818,189.55.

In June, 1916, reports were received from 1,606 loan and trust companies with capital of $475,832,586.87 and resources of $7,028,269,761.55.

Returns from the banking departments of Virginia, North Carolina, South Carolina, Alabama, Tennessee, New Mexico, Idaho, and Nevada include this class of institutions with commercial banks.

On June 20, 1917, loan and trust companies held loans and discounts aggregating $4,308,246,853.87, not including overdrafts amounting to $3,444,503.89.

Investments in bonds, securities, etc., aggregated $1,789,765,214.29; banking house, furniture, and fixtures, $153,111,483.80; other real estate owned, $37,305,106.61. The amount due from banks was $870,125,659.44; checks and other cash items, $64,807,944.82; and exchanges for clearing house, $21,737,552.04. Cash on hand was $363,009,936.23 and other miscellaneous resources $288,263,933.86. The loan and trust companies had on June 20, 1917, a surplus fund of $534,778,274.46, or over $105 for each $100 of capital stock, and their undivided profits were $107,006,467.05. The amount due to banks was $608,242,470.93; dividends unpaid, $1,562,667.15; individual deposits, $5,797,289,895.36; and postal savings deposits, $6,013,334.25. Notes and bills rediscounted were reported at $8,868,811.82; bills payable, $28,166,156.58; and miscellaneous liabilities, $302,382,789.48.

The growth of loan and trust companies during the past five years is indicated by the following figures (expressed in millions), showing the principal items of resources and liabilities:

There are between 3,000 and 4,000 private banks in operation in the United States, but comparatively few are under State supervision, and consequently returns from this class of banks are very meager. More than one-half of the private banking institutions which are not under State supervision refuse to furnish reports of condition for statistical purposes.

Reports as of June 20, 1917, were received from 936 private banks, against 1,014 in 1916.

The private banks reporting numbered 117 from the Eastern States, 42 from the Southern States, 728 from the Middle Western States, 47 from the Western States, and 2 from the Pacific States.

The capital of the 936 reporting private banks aggregated $16,679,701.05 and the resources $197,937,444.09. The loans and discounts aggregated $117,373,506.84, not including overdrafts amounting to $1,338,601.25; investments in bonds, securities, etc., were $19,100,872.04; real estate (including banking house, furniture, and fixtures), $11,459,226.31; amount due from banks, $39,373,349.11, cash on hand, $6,472,554.31; checks and other cash items, $1,354,357.87; and other resources, $1,464,976.36.

Private banks reported surplus amounting to $7,380,966.56, undivided profits $3,358,568.87, and individual deposits $161,923,941.15, besides $1,976,058.83 due to banks and $28,859.85 other deposits.

Of the individual deposits, $15,458,366.91 was classified as savings deposits and $33,498,192.05 as time deposits. Bills payable and

rediscounts amounted to $3,918,506.54 and liabilities not classified $2,670,801.24.

The returns from private banks were all official except those from Pennsylvania, Texas, Illinois, Michigan, and Iowa.

REPORTS OF CONDITION OF ALL BANKS IN THE UNITED STATES.

The consolidated statements of condition of 27,923 reporting banks in the United States and island possessions for June, 1917, including National, State, savings, and private banks and loan and trust companies, show aggregate capital of $2,274,200,153.48 and aggregate resources of $37,126,763,138.31.

This is an increase during the year of 410 in the number of banks reporting, $79,099,037.52 in capital, and $4,855,525,441.38 in resources.

The statement following shows the increases during the year in the principal items of resources and liabilities of banks under State supervision, compared with the increases shown by the reports of national banks for the same period.

Comparative statement of the principal items of resources and liabilities of State and national banks.

It appears that during the fiscal year there was an increase of 385 in reporting banks other than national and an increase of 25 in the number of national banks. The loans (including loans rediscounted) of State banks increased by $1,509,600,000, or 14.85 per cent, while loans of national banks increased by $1,282,000,000, or 16.68 per cent.

Aggregate resources of State banks increased by $2,492,000,000, or 13.58 per cent, while resources of national banks increased by $2,363,600,000, or 16.97 per cent.

The statistics for State banks show an increase in deposits of $2,171,800,000; in national banks the increase was $1,894,700,000; the percentage of increase being 14.01 for State, and 17.42 for national

banks. State banks increased their capital by 5.53 per cent. An increase of 1.58 per cent was shown by national banks, but national banks increased their surplus and undivided profits during the year by 9.42 per cent, while State banks increased their surplus and profits 7.85 per cent.

NATIONAL, FEDERAL RESERVE, AND STATE BANKS.

In the weekly statement published by the Federal Reserve Board, giving the condition of the Federal reserve banks as of June 22, 1917, the capital of these banks is reported at $57,171,000 and their resources at $1,999,642,000.

By including the reports of the 12 Federal reserve banks with those from all other reporting banks, it will be noted that the aggregate resources of the banks of the country approximate $39,126,400,000 with a total capital of over $2,331,000,000. The increase in resources of all banks of the country-State, national, and Federal reserve during the past year has thus amounted to over $6,230,000,000.

The following statement shows the principal items of resources and liabilities of 27,923 reporting banks from reports of condition at the close of business on June 20, 1917, together with a summary of reports of condition of the 12 Federal reserve banks as of June 22, 1917.

Statement of the principal items of resources and liabilities of 27,941 reporting banks, including the Federal reserve banks in the United States and island possessions June,

Due to members-reserve account, $806,209,000, and collection items, $137,581,000.
Includes $766.000 Federal reserve bank notes.

LOANS, DEPOSITS, AND AGGREGATE RESOURCES OF NATIONAL, STATE, AND PRIVATE BANKS.

The development of banking is notably shown in the increase in volume of loans, deposits, and aggregate assets. Comparative statistics appear elsewhere in this report, relating to this development by years, and therein are included the amount and percentage of increase in the items in question from June, 1916, to June, 1917.

It is observed that the volume of loans increased during the year from $17,850,000,000 to $20,641,000,000, or 15.64 per cent. Deposits increased from $26,376,000,000 to $30,443,000,000, or 15.42 per cent, and the combined assets increased from $32,271,000,000 to $37,126,000,000, or 15.05 per cent. The rate of increase in loans in the New England States was 10.28 per cent; in deposits, 8.77 per cent; and in aggregate resources, 10.04 per cent.

In the Eastern States loans increased 14.80 per cent; deposits, 10.82 per cent; resources, 12.41 per cent.

Large increases are shown in the Southern and Western States. In the former loans increased 16.93 per cent; deposits, 28.67 per cent; and resources, 28.72 per cent. In the Western States the increase in loans was 29.35 per cent; deposits, 36.09 per cent; and resources, 30.33 per cent.

In the Middle Western States the increase in loans was 15.05 per cent; deposits, 17.21 per cent; resources, 15.82 per cent; while in the Pacific States the increase in loans was 18.48 per cent; deposits, 20.70 per cent; and aggregate resources, 18.22 per cent.

There are perhaps as many as 3,000 private banking concerns in the country from which no reports can be obtained by this bureau. A careful estimate based on the returns received for the current year from reporting private banks indicates that the capital of these nonreporting banks amounts to approximately $50,000,000 and their resources to about $530,000,000. The aggregate banking resources of the country, actual and estimated, would, therefore, appear to be close to $40,000,000,000, an increase of over $6,000,000,000, or, say, 18 per cent above actual and estimated banking resources in 1916.

BANKING POWER OF THE UNITED STATES.

The banking power of the United States in June, 1917, 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 well as the paid-in capital, Government and reserve deposits, and Federal reserve notes in circulation as shown by the statement of the Federal reserve banks as of June 22, 1917, was $34,473,100,000.

In June, 1916, the estimated banking power of the United States was $29,353,500,000. The increase for the current year in the banking power of the country, as thus defined, is over $5,000,000,000, or about 17 per cent. The estimated increase in 1916 over 1915 was $3,956,400,000, or 15.57 per cent. The details for 1917 are set forth in the following table: