Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-04-18

whereas UQe directors named really
owned only few shares each. He de-
clarcd that this order had been intend
ed merely to obtain honest information
on the subject.
REITERATES HIS REASONS
FOR GAINING INFORMATION
lie reiterated that he had no other
purpose In mind In promulgating any Of
the orders for further information in
the banks statement OF affairs than to
obtain in definite form informations that
the welfare OF the banks demanded
should be In the possession Of the Office
OF the comptroller.
Among other orders issued from time
to time. increasing the information re-
CURED In the statement of condition,
are for Items OF overdraft and losses
therefrom; paper eligible for rediscount
at Federal reserve banks, and displac-
Ing the blanket statement OF bond and
stockholding with requirement for a
statement OF the number and value OF
United States, municipal and other
bonds held.
The Riggs bank. Comptroller Will
lams said, is the only national bank
that has refused to give all the infor-
nation so demanded. Other banks have
been slow or reluctant, but have finally
acquiesced The demands for these de-
tails, however, have made quite a dis
cussion In banking circles.
Form 49," on which are prepared
the statements of national banks, be-
fore the advent OF Comptroller Will
liams, was more or less fixed form
The first change came In tho form sent
out May IL. In which were inserted sew
eral Items for information regarding re-
lationS with the Federal reserve sys-
tenn, as to stock in Federal banks, and
all other stocks, separately from bonds
and other securities. and liabilities to
reserve agents. Then information was
IN 40 nj ne
titcates of deposits due within thirty
days, and such as were payable after
. thirty days The value of United
States bonds and other bonds, bor-
rowed on collateral or without collat-
erai, was the subjec, OF four items OF
Information required. Bonds loaned
provided new minor. statement. with
items regarding the value OF United
States bonds owned by the bank and
loaned. after bonds owned and loaned
United States bonds borrowed and
loaned. and other bonds borrowed and
loaned. Details OF the savings deposits
OF national banks also were asked
The book value OF securities other
than United States bonds to secure cir
culat!on was demanded In the call is
sued in August, 1914 There was prac-
t!cally no other change In this form of
statement.
ATTENTION IS CALLED
TO SEVERAL CHANGES
In the circular issued under date of
October II calling for statement at close
OF business October 81 attention was
called to several changes 4 new item
was TO show commercial paper deposit
ed TO secure circulation. Space was
PROVIDED FOR reporting the net balance
OF clearing house loan certificates the
amount issued since August !, also the
amount on hand AT time of call The
amount OF subscription to the 100000
600 gold fund, and the amount paid on
account less the amount repaid were
also asked Tor = space was provided
for showing the per cent OF reserve in
vault and the per cent OF reserve with
reserve agents
The first report OF banks under the
Federal reserve system was called for
at close OF business December 81 last
year. Under the requirements Of the
law information was demanded as 10
undivided profts and reserve; amounts
due the Federal reserve bank; due TO
other banks and bankers; values OF de-
Inand deposits Of various character.
time deposits. and rediscounts with the
Federal reserve bank Details OF hills
payable and rediscounted were asked
for.
Demand and time notes secured bv
personal security other than notes or
stocks and bonds were new item as
was similar item on time loans The
HibHest anu average interest rate on
loans. the value Of loans for redIscount
with the Federal reserve bank. the
value OF loans on farms. the value of
certified checks and the ratio of cash
on hand, cash due from all banks 10
total deposits, was further new infor-
nation provided for In blank spaces in
the new form.
In the call for statement AT close Of
business March 4, there was space pro-
vided for the value OF United States
bonds pledged TO secure United States
and postal deposits. for the value Of
State, county or municipal deposits Sc
cured; value OF drafts or bills OF ex.
change incident to the importation or
expectation Of goods accepted and out,
standing: for the number Of time and
OF demand depostors to whom no In
tercst IL allowed. and tho value OF
shares as registered in names of OH
GERS and directors OF the bank, and the
number OF shares actually owned, re-
CARELESS OF the amount indicated on
the stock ledger.
Fireman Killed I'm Accident.
BALTIMORE, MD, April l7-One