See also:

• TRUST

TRUST COMPANIES RESOURCES OF See also:

• STATE
• STATE, GREAT OFFICERS OF

STATE See also:

• BANKS, GEORGE LINNAEUS (1821-1881)
• BANKS, NATHANIEL PRENTISS (1816–1894)
• BANKS, SIR JOSEPH
• BANKS, THOMAS (1735-1805)

BANKS  , &c . Items . 1897 . 1907 . See also:

• CAPITAL (i.e. capital stock or fund)
• CAPITAL (Lat. caput, head)

Capital stock $380,090,778 $807,178,262 Surplus and profits 382,436,990 924,655,010 Loans 2,231,013,262 6,099,897,535 Deposits . 3,324,254,807 8,776,755,207 See also:

• TOTAL

Total Resources . 4,258,677,065 11,168,514,516 The aggregate banking See also:

• POWER [WILLIAM GRATTAN] TYRONE (1797-1841)

power of the See also:

• UNITED

United States, as computed by the See also:

• COMPTROLLER

comptroller of the currency in his See also:

• ANNUAL

annual See also:

• REPORT (O.Fr. report or raport, modern rapport, from O.Fr. reporter, mod. rap porter, Lat. reportare, to bring back, in poetical use only, of bringing back an account, news, &c.)

report for 1907, increased from $5,150,000.000 in 1890 to $17,824,800,000 in 1907, and the banking power of See also:

• FOREIGN

foreign countries from $10,835,000,000 to $27,034,200,000, representing an increase for all See also:

• REPORTING

reporting countries from $15,985,000,000 to $44,859,000,000 . The See also:

• SYSTEM

system of clearing cheques has attained a higher development in the United States than in .any other See also:

• COUNTRY (from the Mid. Eng. contre or contrie, and O. Fr. cuntree; Late Lat. contrata, showing the derivation from contra, opposite, over against, thus the tract of land which fronts the sight, cf. Ger. Gegend, neighbourhood)

country, except perhaps, See also:

• GREAT

Great See also:

• BRITAIN (Gr. Hperavuml vi7vot, Bperravia; Lat. Britannia, rarely Britannia)

Britain . Clearing-houses exist in about 112 leading cities, and the aggregate clearings for the See also:

• YEAR

year ending 30th See also:

• SEPTEMBER (Lat. septem, seven)

September 1907 reached $154,662,515,258 . The New See also:

• YORK
• YORK (HOUSE OF)
• YORK, EDMUND OF LANGLEY, DUKE OF (1341-1402)
• YORK, EDWARD
• YORK, FREDERICK AUGUSTUS, DUKE OF (1763-1827)
• YORK, RICHARD, DUKE

York Clearing-See also:

• HOUSE
• HOUSE (O. Eng. hiss, a word common to Teutonic languages, cf. Dut. huis, Ger. Haus; in Gothic it is only found in gudhiss, a temple; it may be ultimately connected with the root of " hide," conceal)

House inevitably does a large proportion of this business; its clearings constituted in 1906 67.2 % of the total clearings in 55 of the larger cities . The See also:

• VOLUME

volume of clearings fluctuates greatly with the volume of stock-See also:

• EXCHANGE

exchange transactions and with the business prosperity of the country . An indication of these fluctuations at New York is afforded by the following table, taken from See also:

• CONANT, THOMAS JEFFERSON (1802-1891)

Conant's Principles of See also:

• MONEY

Money and Banking, brought down to 1907 .

The Clearing-House See also:

• COMMITTEE (from commute, an Anglo-Fr. past participle of commettre, Lat. committere, to entrust; the modern Fr. equivalent comite is derived from the Eng.)

Committee of the New York Clearing-House exercises a powerful See also:

• INFLUENCE (Late Lat. influentia, from influere, to flow in)

influence over the banking situation through its ability to refuse aid in emergencies to a See also:

• BANK

bank which is unwisely conducted . This power was used in the panic of 1907 to eliminate several important, but speculative, See also:

• FINANCIAL

financial interests from See also:

• CONTROL (Fr. contrdle, older form contre rolle, from Med. Lat. contra-rotulus, a counter roll or copy of a document used to check the original; there is no instance in English of the use of " control " in this, its literal, meaning)

control of See also:

• NATIONAL

national See also:

• BANKS, GEORGE LINNAEUS (1821-1881)
• BANKS, NATHANIEL PRENTISS (1816–1894)
• BANKS, SIR JOSEPH
• BANKS, THOMAS (1735-1805)

banks .