This rapid increase involves the adhesion of the old Banks to the new system, into which the Comptroller of the currency confidently expects the absorption of all of them. It was rumored, therefore, that the further formation of new Banks had been discouraged by the Comptroller, and consequently he published the following denial of the rumor:

"The Comptroller has given no such notice. In view of the fact that State Banks are being rapidly organized under the National Currency Act, and that in the Eastern States there is no deficiency, but rather an excess of banking capital, he has considered it to be his duty to discourage, in many instances, new organizations, and in more instances, the increase of the capital of those already in existence. It is the aim of the Comptroller to introduce the National Bank note circulation without adding to the present inflation; but it is not in his power to prevent new organizations, nor is it his desire to do so, in places where the legitimate business of the country seems to require additional banking facilities."

The Secretary of the Treasury in relation to the circulation of the old Banks stated that the amount out in July, 1864, was $144,000,000. To extend the new system to $300,000,000 would involve an increase of $156,000,000 in the currency, even if the old note circulation should be entirely withdrawn. The old Banks, especially those in cities, hold stocks enough to lodge with the Comptroller for circulation without purchasing any more, and it is evidently for their interest to utilize the stock by obtaining circulation for it. The number of Banks in each State, November 25th, was given officially as follows:

The business of the new Banks continues to be mostly Government transactions. Those institutions are deemed fiscal aids to the Treasury. The city institutions employ large amounts of Bank balances, Government deposits, and individual deposits, but at times like the present, when there is not much business paper created, the employment for money is not so active in the usual chan nels. At the same time there is a considerable amount of individual money unemployed, which might be directed to the service of holders of United States bonds. In this view the first National Bank of New York makes offers as follows:

"Resolved, That this Bank confine its discounts to collateral loans on United States securities, payable on call or at short dates, except in its dealings with corresponding Banks, where advances on bills receivable may be proper.

"Resolved, That this Bank issue to depositors, when so desired, deposit receipts instead of the ordinary Bank pass-book, such deposit receipts to be payable on demand, and to bear interest at the rate of three per cent per annum on all amounts from $100 to $1,000, and at the rate of four per cent on all amounts of $1,000 and upwards; but no interest shall be allowed on deposit receipts paid within fifteen days from the date of issue."

The operation of this is to draw into the Bank the funds of individuals, who thus get their money employed at a fair rate of interest, and always on demand. This issue of deposit receipts bearing interest, and payable on demand, is, we think, a novel feature in Banks. It is of the nature of the Government deposit certificates, without the formality of ten days notice. The funds so attracted to the Banks are employed in advances on United States stocks. The idea seems to be to strengthen holders of those securities who may be in want of a temporary loan.

The old Banks, as will be observed in the weekly returns, show a continual decline of circulation, and in Boston and Philadelphia of specie, which it seems is being gradually sold. The New York Bank returns are as follows:

NEW YORK BANKS.

NEW YORK BANKS. (Capital, Jan., 1864, $

Date.

January

2,..

9,..

16,..

23,.. 30,.. February 6,..

66

13,.. 20,.. 27,..

387,546,217

; Jan., 1863, $69,494,577.) Loans. Specie. Circulation. Net Deposits. Clearings. $174,714,465 $25,161,935 $6,103,331 $140,250,856 $300,753,147 173,009,701 25,122,002 6,032,546 134,861,977 165,991,170 23,884,264 6,008,182 130,311,046 416,962,806 162,925,880 24,077,513 5,049,807 130,136,203 460,811,543 162,296,896 24,203,632 5,913,558 130,665,415 427,306,608 163,076,846 24,070,791 5,974,762 133,849,042 425,430,985 165,090,329 23,521,453 5,916,707 140,464,616 467,751,745 168,302,935 22,523,918 5,908,394 148,014,106 514,887,411 174,928,205 22,301,687 5,907,851 154,875,059 575,442,304 5,.. 182,317,378 21,188,034 5,937,167 158,999,668 518,951,433 189,757,746 20,750,405 5,918,807 168,044,977 688,822,273 198,229,513 21,059,542 5,889,197 169,637,975 618,338,858 199,372,437 20,425,504 5,514,139 168,315,904 576,253,989 203,993,131 19,526,665 5,708,908 171,151,297 676,372,745 9,.. 204,333,192 20,924,287 5,804,511 170,513,020 658,352,112 16,. 198,703,699 21,687,670 5,779,650 168,350,790 646,593,643 196,286,722 24,868,003 5,679,947 161,978,166 672,442,840 30,.. 194,157,495 24,087,343 5,626,978 164,578,919 446,587,420 7,.. 192881,246 23,082,028 5,594,832 168,562,197 410,052,013 14,.. 194,178,921 22,635,155 5,482,357 174,426,682 413,552,127 197,356,939 22,091,691 5,367,355 173,111,884 486,884,114 195,813,462 21,973,180 5,240,812 171,765,696 410,972,198

12,..

2,..

19,.. 26,..

23,.

Jane

Date.

4,..

66

11,..

18,..

86

July

25,..

2,..

9,..

16,..

23,..
30,..

6,..

13,..

20,.. 27,.. September 3,.. 10,..

Loans. 196,740,609 22,461,604 5,180,639 194,935,822 24,041,701 5,049,457 195,773,583 22,916,291 4,959,096 169,445,767 431,158,427 197,077,002 22,000,988 4,807,195 158,772,982 442,840,362 198,089,016 21,206,685 4,752,917 154,989,844 452,583,581 199,699,742 20,084,917 4,696,107 153,525,977 336,521,426 199,048,887 21,234,354 4,724,538 151,816,947 466,125,408 190,885,761 21,033,912 4,688,892 147,981,825 403,144,195 185,838,480 21,051,896 4,553,426 152,929,633 399,439,739 185,563,507 21,159,518 4,522,728 158,279,263 415,360,181 185,074,244 21,080,309 4,417,804 155,826,514 422,879,926 185,998,407 20,794,268 4,346,658 156,536,217 382,685,847 188,502,729 19,952,949 4,256,847 156,086,807 406,296,866 189,414,631 20,136,547 4,200,950 151,068,566 436,381,918 187,285,127 20,603,881 4,181,616 147,967,942 435,795,830 186,317,519 20,185,315 4,169,513 146,378,542 498,191,745 185,551,211 20.065,180 4,147,107 144,654,985 461,221,702 185,896,837 19,671,131 4,157,828 145,816,097 543,084,474 185,875,206 20,066,557 4,131,111 146,333,022 506,281,897 185,357,270 20,522,032 4,051,767 150,235,084 494,830,434 22,.. 185,738,764 21,010,360 3,991,779 150,816,884 511,388,091 29,.. 186,521,351 21,078,307 3,920,290 151,883,092 487,717,893 5,.. 187,878,510 21,740,327 3,850,463 153,920,403 641,883,442 12,.. 188,914,029 22,491,122 3,735,635 153,383,095 573,145,880 19,.. 190,460,852 21,438,959 3,700,626 158,154,196 578,069,364 192,679,080 20,248,716 3,615,648 161,422,248 452,028,948 196,363,507 20,273,919 8,570,321 165,432,990 549,927,689 202,470,849 20,713,208 3,516,372 161,916,344 557,185,959 204,479,016 20,863,768 3,457,034 159,565,335 517,534,142

17,..

24,

1,..

8,..

15,..

26,..

3,..

10,..
17,..

The increase in loans is due to the Government loans taken by the institutions during the month. This case is the same with regard to the Banks of Boston and Philadelphia.

The following are the returns of these Banks:

PHILADELPHIA BANKS. (Capital, Jan., 1863, $11,740,080; 1862, $11,970,180.) Due Due Specie. Circulation. Deposits. to banks. from banks. Jan. 4,... $35,698,808 $4,158,585 $2,055,811 $29,878,920 $4,316.763 $2,963,563 64 11,... 35,458,967 4,158,235 2,050,891 30,484,227 4,001,473 2,814,188 66 18,... 34,896,842 4,158,125 2,044,427 31,194,851 4,330,120 8,063,148 86 25,... 34,849,959 4,103,065 2,047,846 32,354,253 8,500,693 2,905,921 Feb. 1,... 34,345,126 4,108,109 2,056,532 32,027,147 3,453,431 3,271,306 34,146,677 4,102,671 2,066,069 81,033,030 4,080,059 2,461,873 34,590,880 4,102,748 2,069,061 29,911,704 4.822,609 2,080,750 35,059,676 4,102,588 2,119,488 80,783,741 4,468,751 2,099,778 66 29,... 35,519,704 4,102,848 2,167,348 31,435,753 4,837,264 2,114,227 35,913,334 4,102,632 2,208,492 31,712,547 5,523,316 2,116,042 35,956,678 4,099,707 2,808,250 32,511,405 5,508,146 2,333,819 36,412,923 4,099,664 2,340,132 32,835,038 6,933,974 2,428,227 36,695,415 4,096,401 2,357,768 33,156,496 5,791,191 2,724,985 37,262,220 4,095,495 2,390,092 34,404,607 5,641,638 3,425,805 37,032,110 4,093,461 2,379,827 35,958,444 5,855,277 3,799,151 39,535,334 4,095,387 2,329,590 38,174,046 5,748,257 3,291,176 39,570,567 4,095,475 2,253,386 37,393,247 6,067,966 2,592,465 89,770,436 3,972,349 2,241,885 37,758,836 6,374,531 2,730,540 39,689,436 3,967,268 2,152,827 37,466,311 6,636,576 2,786,080 39,262,695 3,964,522 2,131,919 37,638,814 6,580,548 2,853,894 39,639,436 3,967,263 2,152,827 87,466,311 6,636,576 2,786,080

46 23,... 30,... 39,262,695 3,964,522 2,131,919 87,638,814 6,580,548 2,858,894

89,723,493 8,694,320 2,100,927 38,249,800 5,993,116 3,186,259
40,286,433 3,964,758 2,077,753 38,367,171 5,930,707 3,007,283
40,286,488 3,964,529 2,074,273 37,588,203 6,403,664 2,998,548
42,057,758 3,963,640 2,092,470 39,122,865 6,544,668 3,139,132
40,918,009 3,955,836 2,154,258 87,945,305 6,225,952 4,325,450
40,717,527 3,949,105 2,337,651 37,312,423 6,197,570 4,658,667
40,731,324 3,948,440 2,208,068 36,462,271 6,189,843 3,616,992
42,057,758 8.963,640 2,092,470 39,122,865 6,544,668 3,139,132
39,277,980 3,962,385 2,249,226 36,520,768 6,059,048 3,816,165
39,142,449 3,962,367 2,231,394 37,234,436 5,992,712 3,785,896
39.353,341 3,962,313 2,214,929 36,826,674 5,801,231 3,691,201
39,401,423 3,962,154 2,222,401 35,869,084 5,738,141 3,891,137
39,778,594 3,972,413 2,361,745 35,603,148 6,070,333 3,704,273
40.334,268 3,962,395 2,454,060 34,981,281 6,119,371 8,419,624
40,885,872 3,962,353 2,524,005 35,039,636 6,071,768 3,047,313
42,404,383 3,961,342 2,574,571 35,913,425 6,031,204 3,081,281
41,839,955 3,960,464 2,610,809 34,838,109 6,121,101 3,057,381
41,152,335 3,910,436 2,626,884 84,649,193 6,351,204 3,158,271
40,541,371 3,940,409 2,603,851 34,968,886 6,336,490 3,268,360
40,867,864 3,940,341 2,581,607 35,559,796 6,745,828 3,126,082
41,105,615 3,663,570 2,554,604 37,102,885 6,582,950 3,302,433
41,598,194 3,496,143 2,519,385 37,425,689 6,469,666 3,554,675
41,763,747 3,058,994 2,455,776 36,943,993 6,000,000 8,000,000
42,844,878 2,743,641 2,406,652 37,705,036 6,000,000 3,000,000
48,792,297 2,674,037 2,355,768 39,227,713
44,170,412 2,539,218 2,315,263

44,810,135 2,473,419 2,321,109
45,336,381 1,983,502 2,356,673

BOSTON BANKS.

38,974,932

38,462 084
89,622,645

BOSTON BANKS. (Capital, Jan., 1863, $38,231,700; Jan., 1862, $38,231,700.)

Date.

Loans.

Specie. Circulation. Deposits.

Due Due to banks. from banks.

Jan. 4,.. $76,805,343 $7,503,889 $9,625,043 $32,525,679 $12,831,000 $12,351,500

66

66

11,.. 77,747,734 7,531,195 10,185,615 31,524,185 12,703,600 11,019,000

18,.. 75,877,427 7,464,511 9,963,389 31,151,240 12,041,000 11,769,000

25,.. 74,146,000 7,440,000 9,729,000 80,893,000 11,106,700 12,227,000 Feb 1,.. 73,959,175 7,385,413 9,660,163 30,655,782 10,825,000 11,854,500 8,.. 71,765,122 7,265,104 9,579,020 30,030,292 11,315,000 12,272,000 15,.. 71,088,849 7,224,924 9,741,471 30,412,647 11,615,000 13,448,000

66

66

22,.. 71,074,000 7,215,500 9,411,000 81,831,000 11,329,600 14,925,404 29,.. 72,189,003 7,179,310 9,371,440 33,155,888 12,224,603 16,189,720 Mar. 7,.. 72,687,363 7,108,519 9,606,318 33,688,017 12,313,829 16,535,992 72,105,111 7,052,181 9,490,311 33,891,204 12,704,181 17,815,231 73,207,121 7,038,721 9,548,211 35,090,181 13,092,531 17,266,741 73,485,514 7,016,086 9,210,096 84,859,508 13,352,706 17,071,731 April 4,.. 71,838,506 6,856,708 9,442,082 32,861,609 13,601,005 15.786,092

"14,..

“21,..
"28,..

11,.. "18,..

❝ 25,.. May 2,..

66

9,..

* 18,..
"23,..

72,620,348 6,932,192 10,447,916
72,328,896 6,869,726 10,331,806

72,538,611 6,952,498 10,938,991
71,270,181 6,642,798 10,127,097
69,471,481 6,726,484 10,5 21,591

33,324,978 15,094,360 17,362,371 33,510,054 14,447,997 17,054,244 31,810,971 14,715,981 15,790,498 31,461,499 14,206,581 14,206,592 81,172,584 12,801,000 16,239,000 31,633,071 12,500,671 16,201,083

68,888,581 6,644,493 10,126,473 66,683,510 6,573,181 9,899,193 36,605,181 11,871,719 15,733,691 "80,.. 69,201,301 6,541,201 9,681,204 34,391,208 11,101,307 15,925,201 June 7,.. 67,093,500 6,509,181 9,160,621 32,771,821 10,875,181 16,180,720 "14,.. 67,942,400 6,524,207 8,771,181 33,305,220 10,710.089 15,057,131 32,740,201 11,681,602 14,790,012 "21,.. 68,880,121 6,507,021 8,988,121 "28,.. 69,691,000 6,470,600 9,068,712 30,865,101 12,260.080 12,872,111 July 5,.. 66,950,111 6,290,521 9,574,009 29,940,102 11,889,312 13,809,002

12,.. 66,452,107 6,301,101 9,936,491 32,260,004 11,306,002 13,434,528 "19,.. 66,079,000 6,246,211 9,890,081 30,584,101 10,003,181 13,942,001

66

Date.

16,..

"23,..

#30,..

Loans.

Due

to banks. 9,151,111 8,947,021

Due from banks. 13,473,621

13,039,587

9,842,621 13,261,654 9,855,921 12,798,821

Specie. Circulation. Deposits. 26,.. 59,973,511 5,733,010 9,775,481 27,905,491 Aug 2,.. 59,760,398 5,729,431 9,327,101 27,866,201 9,.. 60,655,181 5,734,101 9,685,671 27,806,030 61,175,211 5,665,981 9,538,841 27,778,821 61,817,002 5,660,911 9,567,921 27,221,731 10,052,871 12,007,481 61.960,481 5,681,871 9,630,000 26,495,100 10,110,000 11,618,981 62,211,931 5,744,898 10,100,400 25,884,487 10,585,000 11,526,011 13,.. 61,818,600 5,789,033 10,274,852 25,015,230 10,152,979 11,142,930 “20,.. 61,863,582 5,820,671 10,420,810 24,722,891 10,530,000 11,237,080 "27,.. 58,352,671 5,637,921 10,280,431 23,582,981 10,958,781 10,197,691 Oct. 4,.. 58,391,621 5,539,000 10,316,991 24,384,581 11,.. 57,719.911 5,391,101 10,304,857 23,918,381 66 18,.. 55,734,921

Sept. 6,..

66

9,664,481 11,476,581

7,784,451 10,017,792

*

66

22... 28,.. 44,236,311 4,429,821 9,058,101 20,219,491 Dec. 5,.. 43,614,928 4,094,672 8,480,921 21,129,421

66

12,.. 44,190,581 3,353,121 8,190,231 22,572,481

5,395,821 11,640,481

The returns of the Banks of Massachusetts for the four weeks to October 1st, compared with two previous returns, were as follows:

The following statement of the condition of the Banks of Rhode Island is taken from the returns made to the State Auditor on the 5th inst.:

The following is a comparison of the leading items of the Banks of Ohio, as appeared by their returns made on the 1st of November, in the years indicated:

The December statement of the Banks of Wisconsin compare with the returns