Evening star., 1916-05-06
LOCAL BANK DEPOSITS
SHOW LARGE INCREASE
Comparisons Made as Between March
Z, 1916. Previous Call, and May
1, 1915. Indicate Thrift.
Bankers Association Elects ofhcers
to Represent District in Ame1-
can Organization.
BY I. A. FLEMING.


The controller of the currency this
morning issued his call for a state
ment of the condition of national oanks'
and IN the District of trust companies
and hayinss banks, as at the close OF
business May !.
Between the date named and the
date of the previous call March I, there
has been a decided gain in the deposits
of local institutions. Indications point
70 an increase of s3.000.0oo, or even
more Judging from the few preliminary
statements at hand
The Riggs National Bank. between
the two calls. gained in deposits $17o'-
900: American Security and Trust Com
pany. s317.000; Union Trust Company
sl2s,ooo; National Savings and Trust
s1s.s55; National Metropolitan Bank.
ss75,ss5; District National. $4,000;
Commercial National. $224,0oo, ana
American National, $4,000.
There were some moderate losses sus-
tanned probably due to WITHDRAWALS
of special accounts or hrst tine
month money, but even the oanks tnat
show slight decreases have greatly in
creased their deposits since the date
of the call.
The Continental Trust lost between
the two calls about s9s,oo0 and the
Federal National S13S.00o.
These are only preliminary figures,
but they are sufficient to warrant
large increase.
Bankers can offer no other reason for
the continued piling up of deposits
investing their money-being deferred
by the Mexican situation and the diplo-
matte negotiations between the United
States and Germany-in n word, by the
rush of preparedness.
District Bankers Association.
large gathering of bankers attend
ed the meeting of the association at the
New Willard last evening. Charles A.
Peple. vice governor of the Richmond
regional bank. discussed Credit Sta
tistios and Commercial Paper" giving
information as to the manner in which
the Richmond regional bank was oper-
ated. He was requested to discuss the
proposed general collection system. but
claimed that he had just received the
formulas from the federal reserve
board and was not in position to go
Into details as yet
James F. Oyster. director Of the Rich
mond regional bank, as a representa-
tive of the District. spoke.
William T. Galliher. president of the
American National Bank. was named
as vice president of the American
Banking Association for the District of
Columbia. and Cuno H. Rudolph. presi-
dent of the Second National Bank, was
chosen a member of the nominating
The choice of a delegate to attend the
annual convention of the A. B. A,
which will be held in Kansas City next
September. was left TO the president.
". T. Galliher.
Second National Dinner.
Charles W. Fairfax. secretary of the
board of directors of the Second Ma
tional Bank. will be the host to the Of
fcers and directors of the bank at a
dinner to be given this evening, in cele-
bration Of the growth of the business
of the institution during the past year.
Junior Bankers Dine
The employees of the National Savings
and Trust Company enjoyed dinner
as their own guests last night. after
the meeting of the Washington
Chapter, A. NJ. ].
Southern Railway Earnings.
Earnings of the Southern Railway Com
pany for the periods named were as fol-
lows;
1915. 1915. Increase. Pet
4th week
ApriI e. s,oss.oco s,2I27s4 s5321s 1881
Month Of
April c.os5,ooo 5.c1c.734 s5sc1s 1887
'.lv to
April 30. 57,a4-.7so 5c.5saol7 s.4os.7sa 1923
Local Securities.
There was comparatively little business
tr.nsacted on the local stock exchange
today. Bonds were wanted but buyers
refused to meet fractional advances de-
-nanded by sellers.
Condition of the Treasury.
The condition of the United State.
treasury yesterday was:
Net balance in general fund. SI32,4ss,-
sss.
Total receipts. s2.35:.ss3
Total payments. &2.3s7.707
The deficit this fiscal years is s5o.-
3eo,tss, against a deficit of sa9.s73.442
last year. exclusive of Panama canal
and public debt transactions.