been received and tabulated, being 1,110 more than in 1905. The aggregate resources of these banks amount. to $10,363,350,846, being an increase of approximately $773,000,000 over the previous year. The returns include 8,862 commercial banks, 742 loan and trust companies, and 1,319 savings banks (of which 678 were of the mutual class that is, without capital stock), and 929 private banks and bankers.

The capital stock of the State banks is $421,845,705; individual deposits, $2,741,464,129; surplus and undivided profits, $251,114,808. The loans aggregate $2,272,959,644; investments in stocks, bonds, and other securities, $412,966,794; and total resources, $3,677,050,317. The resources of State banks reporting in 1905 aggregate $3,190,911,378, thus showing a gain, in 1906 of $486,138,939.

Reports received from 742 loan and trust companies show aggregate resources of $2,959,230,534 against 683 companies with aggregate resources of $2,865,976,479 in 1905, a gain over 1906 of $93,254,055. The resources in detail compared with 1905 are: Loans, $1,610,407,833 against $1,549,633,063, a gain of $60,774,770; investments in stocks, bonds, and other securities, $760,285,420 against $787,918,435, indicating a loss of $27,633,015 in this class of assets. The capital stock of these institutions as reported for June 30, 1906, shows a gain of $25,250,715, being $268,384,337 as against $243,133,622 in 1905. The surplus and undivided profits, which in 1905 amounted to $363,515,702, are now reported at $395,373,620, a gain of $31,857,918. Individual deposits have increased from $1,980,856,737 in 1905 to $2,008,937,790 in 1906, a gain of more. than $28,000,000.

While the summary of reports of the loan and trust companies of the United States shows that resources have increased over $93,000,000 during the past year, it appears from statements made by the loan and trust companies of the city of New York to the New York banking department, as of date May 16, 1906, that there had been a loss of approximately $174,000,000 in the assets of these companies since the report for June 7, 1905, when they amounted to $1,239,878,936. Of the 35 loan and trust companies making reports on May 16, 12 show increase in resources from $300,000 up to approximately $6,000,000, while each of the other 23 companies doing business in that city show a shrinkage in resources for the period named from a few thousand dollars to over $47,000,000. A large proportion of this shrinkage was later regained, the bank commissioner's statement. for August 6 showing that the companies then had assets aggregating $1,120,554,720, as against $1,065,952,448 on May 16.

Reports were obtained from 929 private banks with aggregate resources of $144,045,800. Last year reports were received from 1,028 private banks with resources of $165,233,295. The decrease shown in the number reporting this year is accounted for by the fact that some of the States have recently legislated private banks out of existence, a large number of such banks having since incorporated under State laws. The loans and discounts of the reporting private banks aggregate $96,535,709; investments in stocks, bonds, and securities, $7,131,705; and amount deposited in other banks, $24,723,406. The capital stock of these concerns amounts to $20,036,992; surplus and profits, $8,856,787, and individual deposits, $109,947,509.

Statistics submitted with respect to the amount and average rate per cent of dividends paid by State and private banks and loan and trust companies for the year ended June 30, 1906, will be found in the appendix. Reports covering the subject were received from 3,124 State banks, with capital of $191,456,642, showing the payment of dividends to the amount of $17,273,356, or an average rate of 9.02 per cent; from 641 loan and trust companies which paid dividends amounting to $21,529,190, or 9.64 per cent on capital stock of $223,325,178, and from 304 private banks with capital of $6,528,077, on which dividends aggregating $917,592, or 14.05 per cent, were paid.

CONSOLIDATED RETURNS FROM STATE, SAVINGS, AND PRIVATE

BANKS AND LOAN AND TRUST COMPANIES.

There is submitted herewith for the purpose of comparison a table showing the principal items of resources and liabilities of banks other than national in the years 1900, 1902, 1904, 1905, and 1906.

The foregoing figures indicate an increase in the aggregate resources in 1906 over 1905 of $772,949,837, and of $4,521,692,026 since 1900. The gain in resources for the fiscal year ended June 30, 1906, has not been so great as for the year 1905 over 1904, the increase for the latter period being over $1,047,000,000. Loans and discounts have increased during the year $559,000,000, and individual deposits approximately $593,000,000. Loans have increased over 87 per cent and deposits more than 70 per cent since 1900.

A statement showing the principal items of resources and liabilities of national banks from reports of condition on June 18, 1906, and from all other reporting banks and banking institutions on or about that date, separately and in the aggregate, is presented herewith:

The principal items of resources and liabilities of national and all other reporting banks by years from 1864 to 1906, inclusive, and of State banks separately from 1834 to 1872, are shown in Tables XXV and XXIII of the appendix to the report of the Comptroller of the Currency.

By reference to the first of the tables in question it appears that the aggregate resources of all reporting banks increased in 1904 over 1903, $895,700,000; in 1905 over 1904, $1,719,400,000, and 1906 over 1905, $1,229,400,000. The increase for the ten years ended June 30, 1906, amounted to $10,593,700,000.

Tables I to IV in the appendix to the report of the Comptroller of the Currency show by States the resources and liabilities in detail of the several classes of banks other than national from reports on or about June 30, 1906, and Tables V to VIII, inclusive, the aggregate resources of the several classes of banks annually from 1902 to 1906. The following table is a summary of reports received for the year 1906 from State banks, loan and trust companies, savings and private banks:

RESOURCES AND LIABILITIES OF STATE BANKS, LOAN AND TRUST COMPANIES, SAVINGS AND PRIVATE BANKS, 1906.

Savings bank reports to the number of 1,319 have been received, of which 678 are from mutual institutions and 641 from stock savings banks, the latter being operated for the benefit of both shareholders and depositors. The principal items of resources and liabilities of savings banks, both mutual and stock, are as follows: Loans, $1,676,929,015; bonds, etc., $1,609,775,582; deposits, $3,299,544,601; aggregate resources, $3,583,024,195.

Compared with 1905, these figures show an increase in loans of $142,814,000; bonds, stocks, and securities of $74,421,000; deposits, $206,467,000, the aggregate resources having increased approximately $215,000,000. All of these items show a much larger increase for the current year than for the year 1905.

In the following table is given a comparative statement of the number of depositors, amount of deposits, and the average savings deposit in savings banks in the States named for the years 1905 and 1906. Included in this table are deposits in savings departments of commercial banks in operation in the State of Illinois, for the reason that the auditor of public accounts of that State in his periodical statements reports such deposits separate from deposits subject to check. The result of the addition of Illinois savings deposits is the raising of the aggregate savings deposits of the United States to $3,482,137,198; the number of depositors to 8,027,192, the average deposit being $433.79.

NUMBER OF SAVINGS DEPOSITORS, AGGREGATE SAVINGS DEPOSITS, AND AVERAGE AMOUNT DUE TO DEPOSITORS IN SAVINGS BANKS IN EACH STATE IN 1905 AND 1906.

c Includes 3 banks in liquidation.
d Estimated.

Includes 13 banks in liquidation.

e Included in abstract of State banks having savings departments.

MUTUAL SAVINGS BANKS.

The mutual savings banks are located in the New England and the Eastern States, with the exception of one in West Virginia, two in Wisconsin, 3 in Ohio, 5 in Indiana, and 14 in Minnesota. The number

of reporting institutions is 678, being 10 more than reported last year. As shown by Table IV in the appendix to the report of the Comptroller of the Currency, the aggregate resources of mutual savings banks is $3,134,591,325, or a gain of over $167,000,000 since June 30, 1905, the gain for the prior year having been $149,000,000. The loans and discounts, which in 1905 amounted to $1,269,755,274, are reported this year at $1,375,582,066, a gain of $105,826,792. The loans are classified as follows: On real estate, $1,150,250,807; other collateral security, $46,986,647; all other loans, $178,344,612. Compared with the returns for 1905, real estate loans in this class of banks have increased approximately $95,000,000; loans on other collateral, $5,700,000, and unclassified loans, $4,800,000. The amount invested in bonds, stocks, and other securities has increased from $1,453,091,615 in 1905 to $1,522,989,449 in 1906, a gain of $69,897,834. The investments in bonds and other securities are as follows:

Compared with the returns for 1905, it will be found that investments in State, etc., bonds have increased $3,800,000; railroad bonds. in the sum of $25,000,000; other unclassified bonds, stocks, etc., in the sum of $43,500,000, while the holdings of United States bonds and bank stocks have decreased $1,119,000 and $1,395,000, respectively. Cash in banks is $1,033,578 less than was reported in 1905, being now $17,370,985, against $18,404,563 in 1905. The cash on deposit with other banks is $117,840,827, or $3,974,880 less than was shown by the reports for 1905. Individual deposits have increased from $2,736,533,039 in 1905 to $2,908,710,654, a gain of $172,177,615. Deposits are credited to 6,753,037 depositors, the number reporting for 1905 being 6,463,677, a gain of 289,360. The average deposit account has increased during the same period from $423.37 to $430.73. Reports from each State having this class of banks show large increases in deposits over 1905. Of the $172,000,000 added to the deposits of the mutual savings banks during the past year more than $125,000,000 was gained by the banks located in New York, Massachusetts, and Connecticut, the New York savings banks having gained $82,000,000 in deposits; Massachusetts, $31,000,000, and Connecticut, $12,000,000. New York mutual savings banks gained 123,665 new depositors during the past year, Massachusetts 62,873, and Connecticut 19,335. The number of depositors given for the several States is from official reports except for Maine, which has been partially estimated.

Comparing the average deposit account in the mutual savings banks by geographical sections, it will be observed that the average in the New England States is $391.04 against $384.90 in 1905; for the Eastern States $466.91 against $458.40 in 1905. The Middle Western States show an average deposit of $392.42 for the present year against $393.47 for the prior year. The one mutual savings bank in West Virginia, being the only bank of this class reporting from the Southern States, gives the average deposit account as $206.30 against $183.68 in 1905.