sixteen of the principal cities has been separated, it being thought that it will prove of special interest: The following table gives similar information for the thirty-one States and Territories, exclusive of the cities in the above table, having an amount of capital in excess of $100,000. In this table the number of private bankers is 2,255; the aggregate amount of capital, $34,169,435; and of deposits, $148,178,652, the average capital being $15,152, and the average deposits $65,711: The remaining fifteen States and Territories, not enumerated in the above table, contain 66 private bankers, with an aggregate capital of $620,120, and aggregate deposits of $3,670,357. Massachusetts has only three private bankers, outside the city of Boston, with an aggregate capital of $50,000, and aggregate deposits of $539,028. Maryland has but two private bankers, outside of the city of Baltimore. The State of Maine has but seven private bankers, North Carolina four, New Hampshire four, New Jersey five, Delaware and Vermont only one each, Florida six, and Arizona five. The average amount of capital held by each of these 66 private bankers is $9,244, and of deposits $57,127. The total number of private bankers in the foregoing cities is 717, with an aggregate capital of $58,534,300, and aggregate deposits of $89,996,545 -the average capital being 881,637, and the average deposits $125,518. About 70 per cent. of these private banks are located in New York City, representing nearly four-fifths of the aggregate capital and more than one-half of the aggregate deposits. The average amount of capital and deposits of each private banker in the city of New York is about $89,000; and the bankers in that city also held $9,670,751 of United States bonds, which is more than one-half of the amount of such bonds held by all of the private bankers of the country. The following table shows, by geographical divisions, the number of private bankers in the United States, with the aggregate amount of their capital, deposits, and investments in United States bonds, for the six months ended May 31, 1881: The table below is a recapitulation of the foregoing, showing by groups the aggregates for the bankers in the sixteen principal cities, in the thirty-one States and Territories having a private banking capital in excess of $100,000, and in the fifteen remaining States and Territories: STATE BANKS, SAVINGS BANKS, AND TRUST COMPANIES. The act of Congress of February 19, 1873, section 333 of the Revised Statutes, requires the Comptroller to obtain from authentic sources, and to report to Congress, statements exhibiting under appropriate heads the resources and liabilities of such banks and savings banks as are organized under the laws of the several States and Territories. In compliance with this act he has presented annually in the appendices to his reports the resources and liabilities of these corporations, so far as it has been possible to obtain them. Through the courtesy of State officers, returns of State banks, savings banks, and trust and loan companies have during the past year been received from twenty-three States. Many of the States and Territories, including Illinois, Nebraska, Dakota, Oregon, Virginia, and Tennessee, do not require periodical returns of the condition of the dif ferent classes of banks organized under their laws. STATE BANKS AND TRUST COMPANIES. From these returns the following abstract has been compiled, showing the resources and liabilities of State banks and trust companies for the last two years, the number reporting in 1880 being 650, and in 1881 683: The foregoing table was prepared from returns from five New Eng land States, exclusive of Maine, which has but one State bank in operation; from four Middle States, not including Delaware; and from all the Western States excepting Illinois, Kansas, and Nebraska. The only Southern States represented therein are South Carolina, Georgia, Louisiana, Texas, and Kentucky. The only Pacific State is California. There is but one State bank in New Hampshire, six in Vermont, and none in Massachusetts. There are, however, five trust and loan companies in the latter State, and ten in Connecticut. SAVINGS BANKS. The following table exhibits the aggregate resources and liabilities of 629 savings banks in 1880 and in 1881: The foregoing table includes the returns from the six New England States, from four Middle States, not including Delaware, from the State of California, and from three other States and the District of Columbia. The aggregate of loans in the New England States is $230,239,027, and of deposits $403,304,135. In the Middle States the aggregate of loans is $130,204,828, and of deposits $424,212,944. Some of the largest savings banks in the city of Philadelphia, organized under old charters, are not required to make reports to any State officer. Returns received directly from four of these banks, having deposits amounting to $26,895,295, are included in the returns for the State of Pennsylvania. The savings-bank deposits given in the foregoing table for 1881, based on reports made to the State authorities, are $891,961,142, and the deposits of the State banks and trust companies were $373,032,632. These deposits do not include bank deposits. The deposits of the national banks on October 1, 1881, exclusive of those due to banks, were $1,086,942,470. These deposits of the national banks bear to those of the savings banks the proportion, nearly, of 55 to 45, to those of the State banks and trust companies the proportion of 74 to 26, and to the combined deposits of both the proportion of 46 to 54. The total population of New England, according to the census of 1880, is 4,010,529, and the number of open deposit accounts in the savings banks is 1,227,899; which is equal to 30.6 accounts to each one hundred of the entire population. The average amount of each account is $328.45; and if the total deposits were divided among the entire population, the average sum of $100.56 could be given to each individual. The deposits of the savings banks in the State of New York were $353,629,657, while the population is 5,082,871; showing that an equal distribution of the savings-bank deposits among the entire population of the State would give $69.57 to each individual. Tables showing the aggregate resources and liabilities of State banks, trust companies and savings banks, in each State from which returns turns have been received from the State authorities, appear in the adpendix. SECURITY FOR CIRCULATING NOTES. During the past year there has been much change in the classes of United States bonds which the national banks have on deposit to secure their circulation, owing to the redemption or continuation of the five and six per cent. bonds of 1881. The classes and amount of these bonds held by the Treasurer on the 1st day of November, 1881, are exhibited in the following table: The total amount of bonds held for the purpose of securing circulation on October 1, 1865, was $276,260,550, of which $199,397,950 was in 6 per cent. and $76,852,600 in 5 per cent. bonds. On November 1, 1880, the banks held $56,605,150 of six per cents, and $147,079,750 of 5 per cents. On November 1, 1881, all of these bonds had been called, and, with the exception of $758,900, on which interest had ceased, had been redeemed, or extended at the rate of 33 per cent. The banks now hold $31,981,650 of 45 per cents, and $92,003,800 of 4 per cent. bonds. They hold also $3,486,000 of Pacific Railroad bonds, and $758,900 called bonds on which interest has ceased. The remainder, $245,601,050, consists of bonds bearing interest at the rate of 34 per cent. The average rate of interest now paid by the United States upon the bonds deposited as security for circulating notes is about 3.7 per cent. upon their par value. The amount of interest paid is equal to about 34 per cent. only of the current market value of the bonds. SPECIE IN BANK AND IN THE TREASURY OF THE UNITED STATES, AND ESTIMATED AMOUNT IN THE COUNTRY-SPECIE IN THE BANK OF ENGLAND, AND IN THE BANK OF FRANCE. The following table exhibits the amounts of specie held by the national banks at the dates of their reports for the last eight years, the coin and coin certificates held by the New York City banks being stated separately: $3,434, 580 13, 088, 259 93 $020, 767 37 753, 904 90 869,436 72 3,261, 131 36 Oct. 3, 1872.. 832,313 70 1, 214, 522 92 1, 120, 814 34 1,434, 701 83 1,669, 284 94 1,930, 725 59 1, 423, 258 17 1,538, 486 47 1,975, 746-20 2,428, 797 44 2, 688, 092 06 1,905, 705-22 1,779,792 43 4,009,293 01 5 421, 552 49 5,312, 966 90 6,058, 472 34 7, 218, 967 69 13, 671, 660 19,119, 680 35,003, 220 25,397, 640 36, 18, 000 00 $6,375, 347 37 23, 581, 177 71 $3,854, 409 42 $10, 229, 756 79 4, 279, 123 6717, 777, 673 53 6,834, 678 67 6,582, 605 62 4, 960, 390 €3 3,937, 035 88 5, 294, 386 44 3,094, 704 83 3,668, 659 18 6,729,294 49 5,698, 320 66 7, 131, 167 00 6, 785, 079 69 16, 868, 808 74 27,950, 086 72 19, 868, 469 45 26, 907, 637 58 33, 365, 863 58 32, 569, 969 26 22,326, 267 27 21, 240, 945 23 22,436, 761 04 16, 667, 106 17 10, 620, 361 64 18, 959, 582 30 8,050, 529 73 17.070, 905 90 29, 077, 345 85 21,714, 584 36 25, 218, 409 92 21, 361, 654 03 9, 962,046 06 1, 32, 999, 647 89 14,410, 322 6140, 709,267 55 11, 240, 132 13 27,070, 037 78 9,588, 417 8921, 335, 996 06 9, 710,413 84 11, 832, 924 50 17,290, (40 58 17,938, 024 00 15,391, 264 55 17, 394, 004 16 18, 068, 771 35 23,338, 664 83 23, 614, 656 51 23, 983, 545 10 22, 823, 873 54 28, 981, 651 95 33, 8C9, 860 3183, 442, 051 75 41. 461, 761 72 41,677, 678 86 43, 562, 954 11 52, 44, 11 91 53, 197, 211 36 57, 384, 553 48 61, 444, 736 63 62, 609, 968 08 22,658. 820 31 32, 907, 750 70 54, 722, 058 62 46, 023, 736 V6 29, 251, 469 77 30, 688, 606 59 34,355, 250 26 41, 499, 757 32 41, 148, 563 41 42, 333, 287 44 42, 173, 731 23 79, 013, 041 39 86, 429, 782 21 99, 506, 505-26 109, 346, 309 49 107, 172, 900 92 105, 156, 195 26 122, 623, 562 ER 12%, 638, 927 50 114, 334,736 12 |