Business: Golden Gate Bank

As soon as the post, telephone and telegraph could carry the information of the deposits in big U. S. banks as of the end of the year, the American Banker compiled and published the figures. They revealed that the banks had grown bigger by $1,407,755,877. On Dec. 31, 1926 their deposits had been $16,794,203,008. One year later they were $18,191,958,885. Significant was the fact that San Francisco (Golden Gate City) had the fourth largest bank, the Bank of Italy. Manhattan, of course, had the leaders.

The ten premier U. S. banks were:

National City, N. Y $1,275,041,000

Chase National, N. Y 792,339,000

Guaranty Trust, N. Y 720,029,000

Bank of Italy, San Francisco. . . . 645,002,000

American Exchange-Irving Trust, N. Y 622,176,000

Bankers Trust, N. Y 562,069,000

Continental Bk. & Trust, Chicago 541,322,000

Nat’l Bk. of Commerce, N. Y. … 537,262,000

Equitable Trust, N. Y 478,852,000

Illinois Merchants Trust, Chicago. 383,334,000

In a list of 100 prime banks—

New York City had 29

Chicago* had 11

San Francisco* had 9

Philadelphia* had 8

Boston* had 6

Los Angeles had 4

Pittsburgh had 4

Detroit had 4

Buffalo had 3

Cleveland* had 3

St. Louis* had 3

Providence had 2

Minneapolis* had 2

Jersey City had 2

Milwaukee had 1

Kansas City* had 1

Cincinnati had 1

New Orleans had 1

St. Paul had 1

Savannah had 1

Portland, Ore. had 1.

Oakland had 1

Newark had 1

Rochester had 1

†Others so dubbed by the Chamber have been John Sherman (1823-1900) Secretary of State under President McKinley; Chief Justice William Howard Taft; George Dent Crabbs.

*A Federal Reserve Bank city, Atlanta, Dallas, Richmond where there are Federal Reserve Banks had no place in the American Bankers list of 100.