Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-09-16
BANK DEPOSITS MAKE
SATISFACTORY GAINS
Controller Calls for a Statement OF
Condition of Banks
September IL.
Interim Between June 80 and That
Date a Saving Instead OF
Spending Period.
BY I. A. FLEMING.

The long-expected CALI for state
ment of condition of banks under su-
pervision of the controller of the cur
rency was made this morning. the date
being at the close of business Sep
TENDER IL.
The interim covers the height OF the
vacation period. the spending and not
the saving period. but this year has
been an exception to all others
Whether the fact that it is the cen
tennial thrift year or for other causes
the people of Washington have been
more saving than ever before, else
money has come in in large amounts
from the outside-the former proba-
bility being the more plausible.
Uncertainty in the departments. the
fact that it is presidential campaign
year, depression in realty and other in
fuences may have assisted.
Between June 80. the date of the pre-
vious call, and September IL the banks
reporting have returned more than
s6oo,ooo tax money to the Treasury De-
partment.
But despite this large loss in govern
ment deposits, many washington in
situations have made gains. and the
final figures will unquestiona bly, snow
that Washington has made heavy saw
ings in these spending months.
If the figures are maintained in the
combined report of all institutions OF
the country, the figures Will tell the
story of more money in the United
States than ever before, and this is
probably fact, despite the enormous
loans to foreign countries. which. by
the way. have been largely expended
in this country.
The Riggs National Bank will un-
questionably lead all others, being near
the top mark on deposits with $1o.3S0,-
900. a gain of 81, 1s4.1I7.
The American Security follows with
a gain of 1927, SIS.
Other gains reported were as follows:
Munsey Trust Company, $1O5.214; Me-
tropo1itan National. s194,o72; CONNER
cial National, s37s.0O6; Federal Ma
tional, 1913. SOB; Franklin National. ST.
IT'S; American National, S162,s31.
The Union Trust Company lost $1O2,-
600 in deposits, and the Continental
Trust Company 100000 in the interim
between the calls. The full report will
be completed early next week.
New Directors Named. q,
The federal reserve board has an
nounced the election Of Henry B. Thomp-
son of Wilmington. Del. and ]. Davis
Brodhead of South Bethlehem. Pa. as
class directors of the federal reserve
bank of Philadelphia. They succeed
George F. Norris, now a member Of the
federal farm loan board. and Vance c.
Mccormick, who resigned from the bank
when he took up his duties as chairman
of the democratic national committee.
Mr.. Thompson has been designated as
deputy federal reserve agent.
Dividends Declared.
Directors Of the Union Trust Com
pany have declared the regular quar-
terly dividend of ~ per cent on the
capital stock of the corporation. pay
able October 10. to shareholders Of rec
ord September 30.
The regular quarterly dividend Of IL
per cent of the District National Bank
was declared yesterday afternoon, pay
able October /, books closing Septem-
Der 25.
New Interest Rates.
New interest rates for ffteen-day
notes at federal reserve banks were an
nounced by the federal reserve board
today. as follows:
Boston, az per cent; Kansas City. 4
per cent, and st. Louis, per cent The
St Louis rate applies to both CONNER
cial and member bank paper. the 3 per
cent rate on ten-day paper being abol-
ished.
Condition Of the Treasury.
The condition OF the United States
Treasury at the close of business yester-
day was:
Net balance in general fund. $780,
1es.2oL
Total ordinary receipts. $2,1e7,552.
Total ordinary payments. 34.0s3.3os.
The deficit this fiscal year Is 341.727.-
5zs. against a deficit Of s31,962.497 last
year, exclusive OF Panama canal and
public debt transactions.