Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-09-16
LOCAL FINANCIAL NEWS.

Lc COAllOlltE VI luS currency To-Day Is
sued statements Of the conditions of ma
tional banks and loan and trust companies
in the District of Columbia.
The national banks of the city of Wash
ington showed on September 8 loans and
discounts amounting to $14.343.913, total re-
sources of $50 27S.22O and individual de-
posts of SIS 699, $50. One year ago the indi-
vidual deposits amounted to $40, I'll GOA, the
loans and discounts, $13 266 All, and the to-
tai resources $27 ,661 .230. The decrease in
the total deposits and the increase in loans
and discounts is regarded as natural &C
compartment of the exceptional opportuni-
ties that have existed for making desirable
Investments. On June ., 1903. the loans and
discounts of these banks aggregated $15,-
49, $50, the total resources 49, $50 77S, and
the Individual deposits $40 167 944. 1t will
be seen that during the last three months
the individual deposits have increased over
S6OO,OOO. In the same period the loans and
discounts have decreased over 81, 100000
wmle the total resources have slightly de-
creased. though compared with one year
ago 1t is over 81, 600 900 greater
On September g. 1903, the loans and dis
counts of the loan and trust companies in
the city of Washington amounted to s14-
Io4, 192. the total resources to $23 325, 54S,
and the individual deposits to S15712 $50.
| This shows an increase in loans and de-
posts over three months ago and a very
decided Increase in the volume of the busi-
ness OF the trust companies over conditions
and discounts amounted to $14, 40 49, the
total resources to $23 O26 O91, and the indi-
vidual deposits to SIS 1861 BIT. One year ago
September 49, 1902 the loans and discounts
were $12.33O,S14 the total resources $40
GO4,13I and the individual deposits $14-
$40, 437.
1t is a matter of especial interest that the
loans and discounts Of the trust companies
in the city of Washington amounted to over
100000 more than the loans and discounts
of the national banks in this city on Sep
TENDER 0 last. This shows how the trust
companies are making inroads on the bank
ing business Of the city. One year ago the
loans and deposits of the national banks
here aggregated nearly 81. coo 600 more than
those of the trust companies at that time.
The statement of the controller of the
currency covering the national banks of
Georgetown shows that on September 8 the
loans and discounts vera 81. 192,O34, the
total resources 50 100 55S and the Individual
deposits 81 221 ,265. Three months ago (June
8, the loans and deposits were 81 .303. 249;
total resources, 81. 112O61 and the indi-
vidual deposits 81 .23S. $50. One year ago
September Is. 1902 the loans and deposits
were $1,14S,012. while the individual de-
posits were 81, 2,242.
The Secretary, of the Treasury Is proceed
ing very deliberately in the designation of
| national banks as repositories for the $4O,-
100000, which it has been announced he
country. Only one bank here, the Ameri-
can National has been designated for this
purpose since the Secretary's announce
ment, that institution being given $4,000
The fact that the Treasury Department
has shown an inclination to designate a
large number of banks rather than few
for this purpose leads bankers here to sup
pose that other local institutions will be
named in due time Several banks here
have applications to be designated as gov
eminent repositories. OF the $40, 900 900
which 1t has been announced will be put
in circulation in this manner up to the
present time, but $4,O000O0 has been put
out. The necessity for increased circula-
ton will largely influence the Secretary in
the matter of the time for additional desig-
nations. OF the banks that have already
been designated many of them small
institutions in the south and southwest
There was very little trading on the
Washington stock exchange today. The
most important item among the transac
tons was the sale of 1 900 Washington Gas
light certificates at 119l2 which is a record
high price.
Ten shares of Mergenthaler were sold on
the local exchange for $172as, ex-dividend.
Today's Government Receipts.
National bank notes received today for
redemption, $T0,212; government receipts
from internal revenue. $756933; customs,
81, 131 ,S7S; miscellaneous, $132, 024; expendi-
lures, 81, $4,000.