Rensselaer Semi-Weekly Republican, Volume 41, Number 30, Rensselaer, Jasper County, 25 December 1908 — Bank Deposits Increasing. [ARTICLE]

Bank Deposits Increasing.

A tabulation of the results of the last call for state banks issued Nov. 28th and compiled yesterday indicates a healthy condition of all this class of banks. It seems to point to the return of many stockings to their normal uses. The call was issued by L. A. Wiles, head of the bank department of the auditor of state’s office. Mr. Wiles regards the condition of the banks as shown by the reports very reassuring. He states that in spite, of the panic, the recent campaign and its involved uncertainty the deposits, reserves and loans have increased. The average reserve of 31.8 per cent has been increased 1.2 per cent over the reserve shown at the bank call of one year ago, Dec. 3, 1907. The exact figures of the increase in capital, surplus and undivided profits is shown to be $866,040.87. Thte total resources of the state banks are shown to be $66,177,730.99. The favorable showing is more remarkable befcause of the fact that the state banks are usually the last to feel the effect of better financial conditions. In the matter of resourcse as compared with other calls this year and last, including the call of Dec. 3, 1907, the call of Nov. 27 shows stronger by $1,000,000 than' the best previous call. Dec. 3, 1907, the resources reported were $60,882,646.22. On Sept, 23, 1908, the total resources were $65,250,821.59, On Sept. 30, 1908, the total shown was $64,900,154.21. The actual increase in loans *Was $2,190,812.34. The increase in cash on hand, $2,185,084.92; and the increase deposits was $4,203 747.20.—Indianapolis Starr