YEARS. NUMBER of Banks, the aggregate Capital, Specie, Circulation, Ratio of Specie to the Circulation, Deposits not on Interest, and Ratio of Specie to the Circulation and Deposits, in all the Banks of Massachusetts, for Thirty-seven Years, from 1803 to 1839, inclusive, according to the Bank Returns. 10 years from 1 to 1 to 3 06 99 4,315,736 32 6-10 2 64 7 53 10 22 4 93 Average Circulation. Average Ratio of Specie to Circulation. 1803 to 1839.. 47 27-37 15,389,801 51 31-37 1,676,589 36 18-37 4,485,040 60 35-37 2 67 3,822,649 68 6-37 AGGREGATE of Circulation and Deposits. AGGREGATE OF DEPOSITS. Out of Boston. Total Deposits. Total In Boston. RATIO of the Specie to the Bills in Circulation, and to the sum of the Circulation and Deposits, in the Boston Banks, in the Banks out of Boston, and in all the Banks of Massachusetts, from 1803 to 1839, prepared from Official Returns." AVERAGE Ratio of the Specie to the Circulation, and to the Circulation and Deposits, in all the Banks of Massachusetts; in the Bank of England, according to the Quarterly Returns in March, June, September, and December (the Ratio in 1838 embracing only the first three quarters); and in all the Banks in the United States, nearest to the 1st of January following the years in the first column, as the condition of these last is made up from the most recent returns on the 1st of January. On the 7th of May, 1838, the specie to the circulation, in all the banks in the United States, was as 1 dollar to 3 dollars 8 cents, and to the circulation and deposits, as 1 dollar to 5 dollars 80 cents. TABLES showing the Ratios of the Population to the Bank Capital, and to the Bank Circulation in Massachusetts. The banks in Massachusetts are now believed to be in a sound state. The following table will show their condition in 1842-3. Cash deposited, bearing interest....... Cash deposited, including all sums whatever due from the banks, not bearing interest, 7,144,900 1,459,822 Total amount due from the banks 58,679,474 |