EIGHTEENTH ANNUAL REPORT OF THE COMMISSIONER OF BANKING 1918 To His Excellency, JOHN J. CORNWELL, Governor of West Virginia. As provided by law, I have the honor to submit herewith a summary of the condition of the banks, Trust Companies, Savings Institutions and Building & Loan Associations of this state, together with other information required, for the year ending June 30th, 1918. ABSTRACT OF REPORTS FROM ALL STATE BANKS. Call made June 29th, 1918, as compared with call made June 20th, 1917. $ 14,259,818.881 Expenses, including taxes and interest paid. Resources other than above states including Liberty bonds and War Sating Sgamps. TOTALS. $142,399,677.07 Lawful money reserve in bank. Comparative Table Showing Number and Deposits of State Banks. New Banks Granted Certificates Since June 30, 1917. August 23, 1917. The Jefferson Bank & Trust Company, Charles Town, W. Va. Subscribed capital $100,000.00. October 31, 1917. The Wyoming County Bank, Pineville, West Va. Subscribed capital $47,800.00. November 14, 1917. The Fairmont State Bank, Fairmont, West Va. Subscribed capital $87,500.00. December 5, 1917. The Bank of Cabin Creek, Chelyan, W. Va. Subscribed capital $25,000.00. December 31, 1917. The Elk Valley Bank, Clay, W. Va. Subscribed capital $16,400.00. February 25, 1918. Miners & Merchants Bank, Junior, W. Va. Sub Building and Loans Organized Since June 30th, 1917. Building and Loans Liquidating Since June 30th, 1917. The West Virginia Rural Credit Company of Charleston adopted the National system. Foreign Building and Loan Associations. The following foreign building & loans were issued certificates authorizing them to do business in this State until December 31st, 1918: Amount appropriated for traveling expenses of Commissioner of Banking Amount appropriated for salary Assistant Commissioners of Banking. Amount appropriated for contingent expense. Total appropriations $ 2,800 00 6,000 00 1,200 00 1,000 00 $ 11,000 00 DISBURSEMENTS. |