Readings in Money and Banking / Selected and Adapted

by Chester Arthur Phillips

Comparative Figures of Condition of Canadian Banks[149]

ASSETS

	Nov. 30, 1915	June 30, 1914.
Gold and subsidiary coin—
In Canada	$41,831,732	$28,948,841
Elsewhere	29,527,921	17,160,111
	—————	—————
Total	$71,359,653	$46,108,952
Dominion notes	140,751,331	92,114,482
Deposit with Min. of Finance for security of note circulation	6,770,645	6,667,568
Deposit in central gold reserves	15,100,000	3,050,000
Due from banks	169,429,330	123,608,936
Loans and discounts	881,101,540	925,681,966
Bonds, securities, etc.	121,953,898	102,344,120
Call and short loans in Canada	83,203,787	67,401,484
Call and short loans elsewhere than in Canada	135,530,562	137,120,167
Other assets	76,993,424	71,209,738
	———————	———————
Total	$1,702,194,170	$1,575,307,413

LIABILITIES

Capital authorized	$188,866,666	$192,866,666
Capital subscribed	114,422,866	115,434,666
Capital paid up	113,987,275	114,811,775
Reserve fund	112,718,473	113,368,898
	——————	——————
Circulation	124,153,685	99,138,029
Government deposits	36,001,548	44,453,738
Demand deposits	538,764,279	458,067,832
Time deposits	714,219,286	663,650,230
Due to banks	30,973,072	32,426,404
Bills payable	5,081,059	20,096,365
Other liabilities	14,007,918	12,656,085
	———————	———————
Total, not including capital or reserve fund	$1,463,200,847	$1,330,488,683

Note.—Owing to the omission of the cents in the official reports, the footings in the above do not exactly agree with the totals given.

FOOTNOTES:

[147] Adapted from Joseph French Johnson, The Canadian Banking System, Publications of the National Monetary Commission, Senate Document No. 583, 61st Congress, 2d Session.

[148] W. W. Swanson. The Revision of the Canadian Bank Act, American Economic Review, Vol. 3, December, 1913, pp. 993-998.

[149] The Commercial and Financial Chronicle, Vol. 102, January 1, 1916, p. 13.