Rensselaer Semi-Weekly Republican, Volume 41, Number 108, Rensselaer, Jasper County, 1 October 1909 — State Banks Show Gains; Wiles Reports Heavy Increases. [ARTICLE]

State Banks Show Gains; Wiles Reports Heavy Increases.

Reports from 263 state banks received by L. A. Wiles, state bank examiner under the auditor of state, and tabulated show a condition of prosperity, acording to Wiles. The total resources and liabilities, loans, deposits and reserve, all show substantial increases over the showing made June 23, the date of the last call. Of course, crop returns account for a great deal of the increase, but it can not account for all, according to Wiles, who states that the only conclusion to be drawn is that business activity has increased and the people are in a hopeful frame of mind regarding the future. “It is the best showing that has been made in my experience,” said Wiles.

The statement for the 263 banks, which does not include private banks, shows total resources and liabilities of $69,266,000. This is an increase overAhe last call of $3,200,000. An increase in loans of $1,300,000 is shown. The cash increase over the last call is $2,100,000. Deposits have increased $3,280,000. The deposits Sept. 1 were $54,263,000. The cash and avilable cash, $16,630,000. The cash reserve is 30 'per cent of capitalization, which is an increase in the reserve of 1% per cent over the last call. The remarkable part of the showing is that while deposits and loans have increased, the reserve has also increased. Usually increased loans disturb the reserve, lowering it to an appreciable extent.