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The following comparative statement shows the increase in population, individual deposits, and money in circulation for 1908, 1909, and 1910:

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From the foregoing it appears that during the year ended June 30, 1910, while the population, as estimated, increased 1.55 per cent, the volume of individual deposits increased by 8.89 per cent; but the figures for money in circulation shows a decrease of 0.13 per cent.

CLASSIFICATION OF INDIVIDUAL DEPOSITS.

Information submitted by the banks on June 30, 1910, with respect to deposits has been carefully compiled and the result shows that 42 per cent of the deposits in banks other than national are demand liabilities, while 90 per cent of the deposits in national banks are subject to demand. Including nonclassified deposits with deposits subject to check, it appears that 70 per cent of deposits in private banks are subject to demand, about 70 per cent in loan and trust companies, 64 per cent in state banks, and about 26 per cent in stock savings banks. The average of deposits subject to demand in all banks is about 59 per cent. In the following table is shown the classification of deposits in banks other than national, in national banks, and in all banks on June 30, 1910:

CLASSIFICATION OF DEPOSITS IN BANKS OF THE UNITED STATES.

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a $580,889,677.65 savings deposits are included with individual deposits, demand or time certificates of deposits.

CLASSIFICATION OF LOANS AND DISCOUNTS.

Loans and discounts in the banks of the United States as shown by reports of condition as of June 30, 1910, aggregate roundly $12,521,000,000. Of this amount $5,455,000,000 are in national banks and $7,066,000,000 in banks other than national. Loans in

state banks aggregate $2,406,000,000; in loan and trust companies, $2,257,000,000; in mutual savings banks, $1,727,000,000; in stock savings banks, $567,000,000, and in private banks, $108,000,000. About $6,812,000,000, or nearly 55 per cent of loans, are secured by collateral. In the following table is shown a classification of the loans and discounts in banks other than national, in national banks, and in all banks:

CLASSIFICATION OF LOANS AND DISCOUNTS IN BANKS OF THE UNITED STATES.

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The special report from the banks obtained by the Comptroller in April, 1909, contained among other interesting data, information in detail as to the character of investments in bonds, securities, etc. The information for the current year in respect to such investments is practically as comprehensive as that for the prior year.

In 1909 the aggregate investments in bonds, stocks, and other securities held by all reporting banks was $4,614,400,000. From reports for June 30, 1910, it is shown that such investments had increased to $4,723,400,000, or a gain of $109,000,000. The classification by amounts and percentages of investments held by the banks in 1909 and 1910 is as follows:

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In the following table is shown the amount of the various classes of bonds, stocks, and other securities held by each class of banks on June 30, 1910.

CLASSIFICATION OF INVESTMENTS IN BONDS, ETC., HELD BY BANKS OF THE UNITED STATES ON JUNE 30, 1910.

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Includes $683,990,000 United States bonds deposited with the Treasurer of the United States to secure circulation and $41,191,870 to secure United States deposits.

Includes $13,230,813.97 other bonds to secure United States deposits.

• Premium on United States bonds.

It appears that over 41 per cent of securities held by the banks are in railroad and other public-service corporation bonds; 23 per cent in state, county, and municipal bonds; 16 per cent in United States bonds; 8 per cent in bonds not classified; 6 per cent in stocks, while the remainder, about 5 per cent, is made up of miscellaneous securities, warrants, etc.

Railroad and other public-service corporation bonds appear to predominate in the investments of all banks except in private and national banks. Mutual savings banks have over one-half of their bond investments in railroad and other public-service corporation bonds, or about $845,000,000, loan and trust companies have about $472,000,000, or 47 per cent of their investments in this class of bonds, state banks have about $114,000,000, or 37 per cent of their investments in the same class of bonds, stock savings banks have about $59,000,000, or nearly one-half of their investments, in this class of securities, while private banks have in this class of investments only about $1,700,000. There are only about $35,800,000 United States bonds in banks other than national, while $737,600.000 are held by national banks. Of the $1,116,200,000 investments in state, county, and municipal bonds, $714,800,000 are in mutual savings banks,

$162,000,000 in national banks, $144,500,000 in loan and trust companies, $63,900,000 in state banks, $28,700,000 in stock savings banks, and $2,300,000 in private banks. Mutual savings banks hold $23,500,000 United States bonds, stock savings banks $8,500,000, state banks $2,100,000, loan and trust companies $1,300,000, and private banks about $400,000.

Stocks held to the amount of $166,100,000 are reported by loan and trust companies, $39,400,000 by mutual savings banks, $37,600,000 by national banks, $29,800,000 by state banks, $7,700,000 by stock savings banks, $2,800,000 by private banks, or a total holding of $283,400,000.

INTEREST RATES.

Information in relation to interest rates charged on loans and paid on deposits has been obtained from over 19,500 banks and is summarized in the following table:

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As shown by reports of April 28, 1909, the banks of the country had cash on hand to the amount of $1,452,014,676.34. On June 30, 1910, the amount in reporting banks aggregated $1,423,808,814.38, a decrease of $28,205,861.96. About three-fifths of the cash holdings of the banks of the country are in the national banks, as will be seen from the following table showing the amount of coin and other money held by all reporting banks:

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In the following table is shown the distribution of money in the United States, giving the amount in Treasury as assets, in reporting banks, and elsewhere, in 1892 to 1910, inclusive:

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• Public money in national-bank depositaries to the credit of the Treasurer of the United States not included.

Money in banks of island possessions not included. e Compiled from special reports, April 28, 1909.

The general stock of money in the United States at the close of the fiscal year ended June 30, 1910, stated roundly, was $3,419,500,000. Of this amount $317,200,000 was in the Treasury as assets; $1,414,600,000, or 41.37 per cent, in reporting banks: and

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