Salt Lake Herald-Republican | 1916-11-01 | Page 11 | Banking Resources

BANKING RESOURCES INCREASING RAPIDLY i Emphasis ls Laid in Coal Comptrollers Comptroller's Comp n- n Report on Decentralization Decentralization Decentralization o of Reserves Washington Oct Growth n.-Growth 31 Growth of ot tho the country's banking resources since passage passage pas pas- sage of oC tho federal reserve act Is put at In a statement ment Is Issued uell torJa today b the comptroller of or the by treas treas- cr ury The Tho record Is declared to be bc without without with with- out a parallel The figures cover the period from Jill July 1913 1913 a fe few months before beCore tho the act was pass passed to Jul July 1916 Including I nearly all of the first two years of or orthe the European war v The increase in resources It It is declared de de- de Is greater than the total re resources resources re- re sources g of all the time country's national banks a little more than a a. decade Je ago ngo In New England the three years years' increase in increase In- In crease hari had h H been 21 per cent in the eastern states 32 In tho the south I 1 12 Inthe Inthe in inthe the middle states 3 32 32 and in tho the west 31 per cent Deposits since the reserve reSer act went Into force e have ma made e nn In unprecedented Jump also Their total Increase is put at or 31 per cent nearly nearly nearly near near- ly as great as the resource Increase In New England It was teas 23 3 per cent in inthe inthe the east 39 tho the south 18 the ml middle llio states 26 G the west 3 7 37 and the Pacific states 19 Per cent Banks and trust companies compa are arc lending lending lend lend- ing more moro than the thc they were here three years ago the statement sn says Emphasis is laid upon a. a distinct and growing tendency toward decentralization tion and distribution of excessive o reserves reserves reserves re re- re- re serves heretofore piled up In eastern cities All the states of ot the union onion except three shew great Increases cs In deposits The exceptions are Alabama Mississippi Mississippi sippi and Oregon Th The Tho states snowing snorting the highest percentage oC ot Increase in deposits aro Oklahoma 54 4 per pcr cent tEnt Arizona 53 North Dakota 52 Wyoming Wyoming Wyo YO ming 49