125,561,300 00

STATEMENT OF THE INDEBTEDNESS OF THE UNITED STATES-(Continued.)

April 12, '66
amendment
to act of
Ma. 3, '65

Authorizes the Secretary of the Treasury, at his discretion, to
receive any Treasury notes or other obligations issued under
any act of Congress, whether bearing interest or not, in ex-
change for any description of bonus authorized by the act to
which this is an amendment; and also to dispose of any de-
scription of bonds authorized by said act, either in the Uni-
ted States or elsewhere, to such an amount, in such manner,
and at such rates as he may think advisable, for lawful
money of the United States, or for any Treasury notes, cer-
tificates of indebtedness, or certificates of deposit, or other
representatives of value which have been or which may be
issued under any act of Congress, the proceeds thereof to
be used only for retiring Treasury notes or ther obligations
issued under any act of Congres; but nothing herein con-
tained shall be construed to authorize any increase of the
public debt.

June 30, 7016 p. c.

301,880,250 00

July 1,'62 & Bonds issued to the Union Pacific Railroad Company in ac-Union Pacific R 30 years Jan. 15, 1895 6 p. c.
July 2, '64 cordance with these acts.
R. Co. bonds.

March 2, '67 For the urpose of redeeming and re iring any compound in-
terest notes outstanding, the S cretary of the Treasury is
authorized and directed to issue t mporary loan certificates
in the manner prescribed by section fur of the act entitled
"An act to authorize the issue of United States notes and
for the redemption or funding thereof, and for funding the
floating debt of the United States," approved February
twenth-fifth, eighteen hundred and sixty-two, bearing inter-
est at a rate not exceeding three per centum per annum,|
principal and interest payable in lawful money on demand
and said certificates of emporary loan may constitute and
be held by any National bank holding or owning the same,
as a part of the reserve provided for in sections thirty-one
and thirty-two of the act entitled "An act to provide a na-
tiona currency secured by a pledge of United States bonds,
and to provide for the circulation and redemption thereof,"
approved June three, eig teen hundred and sixty-four:[
Provided, That not less than two-fifths of the entire reserve
of such ank shall consist of lawful money of the United
States: And provided further, That the amount of such
temporary certificates at any time outstanding shall not ex-
ceed fifty millions of dollars.

REPORT OF THE COMPTROLLER OF THE CURRENCY.

The Comptroller of the Currency presents a very interesting and elaborate report, but our limited space prevents our giving more than the following extracts:

Since the last annual report nine National banks have been organized, of which six are new associations, and three were organized to take the place of existing State banks, making the total number organized up to October one thousand six hundred and seventy-three.

The following table will exhibit the number of banks, with the amount of capital and circulation, in each State and Territory :

Totals.......

314

203

208 2 206

In opera

tion.g

closed.

Closing or

in.

61 $9,085,000 00

$8,407,250

4,735,000 00

4,772,000

4,223,855

4,214,155

40

6,510,012 50

6,474,000

57,429,205

56,961,665

62

12,508,670

12,470,220

82

24,584,220 00

19,740,000

17,556,585

17,452,823

8 306 116,494,941 00

79,516,050

72,558,865

69,209,277

54

11,333,350 00

9,134,965

5 198

50,277,990 00

44,244,250

39,359,070

38,839,030

32

12,590,202 50

10,065,750

8,959,600

8,894,900

1,348,200

1,205,025

1,198,825

1,550,000 00

1,442,000

1,276,500

1,266,000

2,149,980

2,146,680

15

2,216,400 00

2,243,250

1,994,750

1,988,550

18,405,920

11,015,040

10,852,250

9,544,710

9,521,810

4,357,700 3,825,125

3,822,425

2,893,250

2,564,550

2,559,050

8,709,150

3,237,705

3,230,090

1,682,200

1,486,000

1,477,500

382,000

315,500

314,000

3,519,290

3,437,620

2,342,020

1,283,040

1,232,040

2

1,800,000 00

1,408,000

1,245,000

1,245,000

150,000 00

75,000

66,000

66,000

170,000

170,000

254,000

254,000

280,600

585,000 00 170,000

153,000

153,000

500,000 00

410,500

353,025

853,025

131,700

88,500

88,500

407,400

200,000 00

200,000

179,500

179,500

135,000

135,000

36,000

36,000

43,900

..1,673 341,639 $424,394,861 00 $340,675,000 $303,988,971 $299,103,996

From the number of banks organized, heretofore stated to be sixteen hundred and seventy-three, should be deducted thirty-four, leaving the number in active operation sixteen hundred and thirty nine.

The banks to be excluded are the following:

NEVER COMPLETED THEIR ORGANIZATION.

The First National Bank of Lansing, Mich.
The First National Bank of Penn Yan, N. Y.
The Second National Bank of Canton, Ohio.

The Second National Bank of Ottumwa, Iowa.

SUPERSEDED BY SUBSEQUENT ORGANIZATIONS WITH THE SAME TITLES.

The First National Bank of Norwich, Conn.

The First National Bank of Utica, N. Y.

IN THE HANDS OF RECEIVERS.

*The First National Bank of Attica, N. Y.

The Venango National Bank of Franklin, Penn.

The First National Bank of Washington, District of Columbia.
Since Oct. 1, 1866;

The First National Bank of Medina, N. Y.

The Tennessee National Bank of Memphis, Tenn.

The First National Bank of Newton, Mass.

The First National Bank of Selma, Ala.

The First National Bank of New Orleans, La.

The National Unadilla Bank of Unadilla, N. Y.

The Farmers' and Citizens' National Bank of Brooklyn, N. Y.

IN VOLUNTARY LIQUIDATION.

Closed and Closing under the Provisions of Section 42 of the Act of June 3, 1864. The First National Bank of Columbia, Mo.

The First National Bank of Carondelet, Mo.

The First National Bank of Leonardsville, N. Y.
The National Union Bank of Rochester, N. Y.

Since Oct. 1, 1866:

The First National Bank of Elkhart, Ind.

The First National Bank of New Ulm, Minn.

The Farmers' National Bank of Richmond, Va.

The National Bank of the Metropolis, Washington, D. C.

The Farmers' National Bank of Waukesha, Wis.

The National Bank of Crawford County, Meadville, Penn.

The City National Bank of Savannah, Ga.

Closed for the Purpose of Consolidation with Other Banks.

The Pittston National Bank of Pittston, Penn., consolidated with the First National Bank of Pittston, Penn.

The Berkshire National Bank of Adams, Mass., consolidated with the First National Bank of Adams, Mass.

The Fourth National Bank of Indianapolis, Ind., consolidated with the Citizens' National Bank of Indianapolis, Ind.

Since Oct. 1, 1866:

The Kittanning National Bank of Kittanning, Penn., consolidated with the First National Bank of Kittanning, Penn.

The First National Bank of Providence, Penn., consolidated with the Second National Bank of Scranton, Penn.

The National State Bank of Dubuque, Iowa, consolidated with the First National Bank of Dubuque, Iowa.

The Ohio National Bank of Cincinnati, Ohio, consolidated with the Merchants' National Bank of Cincinnati, Ohio.

BANK FAILURES.

Since the organization of the first National Bank, which occurred June 20, 1863, up to Oct 1, 1867, a period of four years and three months, ten National Banking Associations have failed.

*The First National Bank of Attica is now closed, its circulation paid in full, with a dividend to creditors of sixty cents on the dollar.

+ Government deposits are not included in this item. The only loss to the Government will result from the failure of the Merchants' National Bank of Washington, which has been investigated by a Congressional Committee.