The Pamphlet Collection of Sir Robert Stout: Volume 47

Banking and Currency of Canada

Banking and Currency of Canada.

We continue from the Year Book of 1878, statements of the Statistics of the Banks of Canada, as compiled from the Banking Returns published in the Canada Gazette, for the Fiscal year ended June 30th, 1878.

Months. Paid up Capital. NOTES IN CIRCULATION. Deposits. Specie and Dominion Notes. Discounts. Payable on Demand. Payable after Notice. 1877. $ $ $ $ $ $ July* .................... 62,097,673 18,188,330 41,261,980 33,538,696 15,364,038 118,611,985 August†............ 63,235,998 18,786,422 40,967,952 33,805,297 16,191,507 120,568,516 September†.......... 63,455,798 22,394,782 41,086,513 32,740,102 14,437,951 121,146,783 October†............. 64,310,310 24,832,368 39,772,826 32,606,882 14,072,976 124,092,350 November§............. 61,397,904 21,726,465 40,229,946 28,515,198 14,780,014 15,990,708 December............. * 63,656,861 21,794,212 41,260,793 30,187,795 15,024,194 116,475,030 1878. January†............. 63,165,731 20,420,973 38,756,772 30,032,235 14,383,990 114,231,192 February†............. 62,772,588 20,193,504 38,560,766 30,716,314 14,164,820 115,431,389 March†............. 64,324,453 20,193,193 37,979,689 31,871,986 14,211,413 118,195,651 April†............. 63,654,326 19,946,565 38,511,967 31,429,354 14,063,205 117,724,797 May†............. 62,565,995 18,925,363 38,869,554 31,210,883 11,182,257 116,008,720 June†............. 63,387,034 19,351,309 40,348,164 31,552,031 13,839,526 116,508,782 * Eight Banks not returned. † Seven " " ‡ Five " " § Ten " " Six " "

Bank Statement for 1877-78.

Returns from Ontario and Quebec complete during year.

None from B. Columbia, & P. E. Island. From Nova Scotia, & New Brunswick, incomplete.

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Bank and Government Circulation for Fiscal Year 1877-78.
Months.	Bank Circulation.	Gov't Circulation.	Total Circulation.
1877.	$	$	$
July	18,188,330	10,802,899	28,991,229
August	18,786,422	11,182,313	29,968,735
September	22,394,782	11,395,548	33,790,330
October	24,832,368	11,558,715	36,391,083
November	21,726,465	11,536,563	33,262,028
December	21,794,212	11,584,159	33,378,371
1878.
January	20,420,978	11,415,215	31,836,193
February	20,193,504	10,936,206	31,129,710
March	20,193,193	10,713,548	30,906,741
April	19,946,565	10,656,862	30,603,417
May	18,925,363	10,573,987	29,499,350
June	19,351,309	10,435,039	29,786,348

Total Bank Deposits
Chartered Banks	$71,900,195
Gov't Savings Banks	5,743,660
Quebec Savings Banks	5,835,432
Post Office Banks	2,754,484	86,233,772
30th June, 1877	84,848,379
Increase	1,385,393

If the deposits in Building Societies are added to the above totals, we have an aggregate of $92,968,186 of deposits; or about $23 per head of the population of the Dominion.

Building Societies Deposits and Investments.
Deposits in 1877:	$6,735,414
Total amount invested in Building Societies	26,638,778
Total amount invested in Building Societies 1876	£4,497,007

Government Savings Banks.
Provinces.	Deposits for June.	Withdrawn in June.	Balance due Depositors 30th June.
	$	$	$
P. E.Isla'd	27,428 00	19,169 38	371,074
N. Scotia.	170,572 01	146,823 03	2,210,021
N. Bruns'k	91,148 00	92,724 93	1,790,096
Ontario.	16,020 10	13,963 26	189,220
Manitoba.	10,519 51	5,239 57	41,505
B. Colu'bia	113,297 35	90,653 75	1,141,742
	428,984 97	368,573 92	5,743,660
1877.	384,215 08	326,621 22	4,652,138

Savings Banks-Quebec.
Deposits June 30th. 1878. City and District savings. Bank. Montreal	$3,698,959
Caisse d'Economie Notre Dame de Québec	2,156,473
	$5,835,432
Deposits June 30th, 1877	6,271,506
Decrease	$436,074

Post Office Savings Banks.
1. Balance in hands of Receiver-General 30th June, 1877	$2,639,937
2. Deposits during year	1,723,771
3. Interest on accounts closed	13,982
4. Interest accrued during year made principal	89,851
	$4,467,542

Cr.
Repayments (cash paid) during year	$1,486,158
Amounts written off depositors' accounts inscribed in 5 per cents	226,900
Balance due depositors 30th June, 1878	2,754,484
	$4,467,542
Increase of Deposits 1877-78	$202,771