784 



UNITED STATES, FINANCES OF THE. 



of $28,654,350. Circulating notes amounting 

 to $7,909,190 had been issued to these asso- 

 ciations to that date. The number of banks 

 organized was greater than in any year since 

 1865. Of these new banks seven, with $1,275,- 

 000 capital, were organized in the Eastern 

 States; forty, with $3,115,200 capital, in the 

 Middle States; forty-six, with $3,798,650 capi- 

 tal, in the Southern States ; one hundred and 

 thirty-two, with $18,295,500 capital, in the 

 Western States ; eleven, with $620,000 capital, 

 in the Pacific States; and twenty-six, with 

 $1,550,000 capital, in the Territories. Forty 

 banks, with $7,736,000 capital, and $4,137,033 

 circulation, voluntarily ceased doing business 

 during the year ; and two banks, with $250,-- 

 000 capital, failed. The number of banks in 

 operation Nov. 1, 1883, was 2,522. 



The condition of the national banks, Dec. 

 31, 1883, is shown below, there being 2,529 

 banks then in operation : 



RESOURCES. 



Loans and discounts $1,302,223,212 35 



Overdrafts 5,268,03799 



United States bonds to secure circulation . . 345.595,800 00 



United States bonds to secure deposits 16,846,000 00 



United States bonds on hand 13,1*0,550 00 



Other stocks, bonds, and mortgages 71,609,839 62 



Due from approved reserve agents 126,999,606 92 



Due from other national banks 77,905,564 28 



Due from State banks and bankers 19,399,267 91 



Eeal estate, furniture, and fixtures 49,540,750 85 



Current expenses 4,878,318 44 



Premiums paid 8,637.534 98 



Checks and other cash items 17,634,799 73 



Exchanges for Clearing- House 134,402,278 68 



Bills of other national banks 28,809,729 00 



Fractional currency 427,73435 



Specie, viz. : 



Gold coin ... $46.404,061 08 



Gold treasury certificates.. 28,555,260 00 



Gold Clearing-House cer- 

 tificates 27,043,000 00 



Silver coin 8,470,646 96 



Silver treasury certificates. 3,803,190 00 



114,276,158 04 



Legal-tender notes 80,559,796 00 



United States certificates of deposit for 



legal-tender notes 10,840,000 00 



Five per cent, redemption fund with Treas- 

 urer U. 8 15,287,684 97 



Due from Treasurer other than redemption 



fund 1,578,253 88 



Aggregate $2,445,880,917 49 



LIABILITIES. 

 Capital stock paid in ... . $511,837,575 00 



Surplus fund 144,800,252 13 



Other undivided profits 58,787,945 91 



National-bank notes issued. $309,699,950 00 

 Amount on hand 4,755,319 00 



Amount outstanding 804,944,131 00 



Btate-bank notes outstanding 181,121 Off 



Dividends unpaid 7,082,682 28 



Individual deposits 1,106,453.008 23 



United States deposits 10,026,777 79 



Deposits of U. S. disbursing officers 3,Y68,862 04 



Due to other national banks 200,867,280 06 



Due to State banks and bankers 84,776,421 60 



Notes and bills rediscounted 8 248 562 67 



Bills payable 4,106,297 78 



Aggregate $2,445,880,917 49 



The paid-in capital stock of the national 

 banks, as shown by their reports, increased 

 during the year from $484,883,492 to $511,- 

 837,575 ; their individual deposits from $1,- 

 066,901,719.85 to $1,106,453,008.23, and their 



loans and discounts from $1,225,889,530.22 to 

 $1,302,223,212.35. 



The circulation shown to be outstanding by 

 the books of the national banks at the close o"f 

 the year was $304,944,131 as against $315,- 

 230,925 on Dec. 30, 1882 a decrease of $10,- 

 286,794, caused by banks voluntarily giving 

 up their circulation. The amount outstand- 

 ing, as shown by the books of the Comp- 

 troller of the Currency, including the notes 

 of banks which have failed, gone into volun- 

 tary liquidation, or made deposits of lawful 

 money for the retirement of their circulation, 

 decreased during the year from $362,651,170 

 to $350,482,829. The lawful money depos- 

 ited during the year for the redemption of 

 the circulation of insolvent, liquidating, and 

 reducing banks, amounted to $23,909,383, and 

 the circulation redeemed out of the money so 

 deposited to $24,644,924. The total amount 

 deposited on these accounts is $199,916,952; 

 the total redeemed, $160,387,444, and the bal- 

 ance on deposit in the treasury, Dec. 31, 1883, 

 $39,529,508. 



The national-bank notes redeemed and as- 

 sorted by the Treasurer, under the act of June 

 20, 1874, during the years 1882 and 1883, were 

 disposed of as follows : 



The increase during the last year was $23,- 

 879,227. 



The United States bonds held by the Treas- 

 urer of the United States to secure the circu- 

 lation of national banks, on Dec. 3'0, 1882, and 

 Dec. 31, 1883, were: 



Total $360,531,650 



$347,538,200 



The deposits and withdrawals of United 

 States bonds during the year were : 



The act of July 12, 1882, under which the 

 3 per cent, bonds were issued, provided that 



