NATIONAL BANKS
clxxxi
with capital amounting to ^3,155,000, will reach the close of their corporate existence. The capital and circulation of the 1134 banks, the charters of which will expire during the ten years ending with 1908, amount, respectively, to $162,418,150 and $44,293,753.
The capital of the 69 banks placed in voluntary liquidation during the year, exclusive of that of the one subsequently de- clared insolvent, amounted to $12,509,000 ; and the capital of the 7 insolvent associations, $1,200,000.
The last reports of condition of the 3585 national banks, made Sept. 20, 1898, show that the aggregate resources were $4,003,- 611,044.87, an increase since Oct. 5, 1897, of $298,377,337.16. Loans and discounts, including overdrafts, have increased $105,- 743,496.64, and they now aggregate $2,172,519,610.54. Govern- ment securities on hand and deposited with the Treasurer of the United States to secure circulation, and public deposits, amount to $358,140,277, an increase of $80,904,357. Gold hold- ings have increased $54,775,318.33 ; but owing to the reduction of the amount of currency certificates, the net increase in amount of specie and other lawful money is but $31,839,827.34, the total currency held amounting to $420,722,458.39. The banks' in- dividual deposits have risen to $2,031,454,540.29, an increase during the year of $178,105,411.79. The surplus and profit accounts have increased $5,818,205.60. The reduction of 25 in the number of reporting banks is accompanied by a reduc- tion of $9,970,200 in capital and $4,436,904.50 in circulation.
The number of banks and capital stock in each geographical division, as shown by the reports on Sept. 20, are as follows :
Geographical Division
No. of Banks
Capital
New England States
Eastern States
Southern States
Middle States
Western States
Pacific States
Total
582 954 537 1,041 348 123
$154,781,620
192,396,875
64,592,200
158,138,100
31,544,100
20,066,000
3,585
.'§621,517,895
The aggregate resources of the 5145 banks and banking insti- tutions incorporated under State authority, including those of 758 private banks and bankers, amount to $4,631,328,357 ; loans and discounts, $2,480,874,360; and deposits, $3,664,797,296. Combining these amounts with similar items in the national
