758 



UNITED STATES, FINANCES OF THE. 



The public debt having no specific reserve out- 

 standing Dec. 31. 1894, amounted to $977,996,- 

 830, against $864,524,752 outstanding Dec. 31, 

 1893, an increase of $113,472,078. There was an 

 increase of $94,125,000 from the issue of the 5- 

 per-cent. bonds, as above stated, and $13.755.555 

 in United States notes having no reserve, and 

 $6,148,948 in the national bank redemption ac- 

 count. There were slight changes in the other 

 items, as will be seen by the following table : 



Of the debt having a specific reserve in cash, 

 dollar for dollar, there was a decrease of $8,830.- 

 475. as will be seen by the following detailed 

 table : 



Comptroller of the Currency. Compared with 

 Oct. 3, 1893, there has been a decrease in num- 

 ber from 3,781 to 3,755, or 26 ; in circulation, 

 about $10,000,000 ; and in capital stock, about 

 $10,000,000. The amount of deposits had, how- 

 ever, increased in the same period $276,000,000, 

 and loans had expanded $157,000,000. During 1 

 the year 50 new banks, having a capital of 

 $5,285,000, were organized, of which number 8 

 were in Pennsylvania, 5 in Illinois, 4 in Minne- 

 sota, 3 in Ohio, 3 in Texas, and not more than 2 

 in any other State. 



The following statement shows in detail the 

 condition of the banks in the aggregate on the 

 dates named : 



The number and condition of the national 

 banks on Oct. 2, 1894, is fully reported by the 



In addition to the national banks there w_i-iv 

 also in active operation at the same time 3,586 

 State banks, having a capital stock of $244.- 

 4:55,573; also 224 loan and trust companies, 

 having a capital of $97.068,092; and 1,034 sav- 

 ings banks, of which 378 were stock banks, hav- 

 ing a capital of $30,579,558. 



Of the money in circulation there was a dc- 



