FINANCES OF THE UNITED STATES. 



The average rate of interest in New York 

 City for the fiscal year ending June 30, 1876, 

 on call loans, was 3.3 per cent., and on com- 

 mercial paper, 5.3 per cent. 



The amount of losses charged by 806 na- 

 tional banks to profit and loss or surplus ac- 

 counts during the six months ending March 1, 

 1876, was $6,501,169; and during the six 



months ending September 1, 1876, $13,217,856; 

 making a total of $19,719,025 ; of which amount 

 $6,873,759 was charged off by the New York 

 City banks, and $1,598,722 by the Boston banks. 

 The following table gives, by geographical 

 divisions, the amount of national and State 

 taxes paid by the national banks, and their 

 ratios to capital, for the year 1875 : 



The national banks paid the following per- 

 centage of taxation : In New York city Unit- 

 ed States 2 per cent., State 3.1 per cent., total 

 5.1 per cent. ; Boston, 1.4, 1.9, total 3.3 ; Phila- 

 delphia, 2, 0.8, total 2.08; Baltimore, 1.3, 2, 

 total 3.3; Chicago, 2.3, 2.5, total 4.8; St. 

 Louis, 1.2, 2.8, total 4. The national banks 

 of the State of New York paid the highest per- 

 centage of taxation, the total being 4.7 per 

 cent. In Ohio and Indiana the rate was 3.8 ; 

 Illinois, 4.2; Wisconsin, 3.8; Kansas, 4.6; Ne- 

 braska and South Carolina, each 4.5. The 

 amount of United States taxes paid by the na- 



tional banks during the year ending July 1, 

 1876, was on circulation, $3,091,796 ; on de- 

 posits, $3,505,129 ; on capital, $632,296 : mak- 

 ing an aggregate for the year of $7,229,221. 



The following table exhibits the resources 

 and liabilities of the national banks on Oc- 

 tober 2, 1876, and of the State banks, savings- 

 banks, and trust companies, of the country, 

 far as they could be obtained from official 

 sources ; also the resources and liabilities of 

 the national banks and of the State banks 

 separately, in New York City, and in the State 

 exclusive of the city, on December 22, 1876: 



