Evening star., 1918-05-14
LOCAL BANK DEPOSITS
SHOW LARGE CHANGES
BY I. A. FLEMING.


The controller of the currency has
called for a statement of the local hnan-
cial institutions and Of all national
banks as at the close of business May
10.
Banks of the District show many sat
isfactory gains, but group of national
banks that have been favored Win
very heavy shipping board deposits have
lost severely through the withdrawal OF
funds to the credit of the board. and
all banks have lost much of their de.
posits, even those which show good
gains on account of taxes paid.
The Commercial National. i'm the IN
term between the two latest calls, dis
posed of its two branch banks at Pan
anna and Cristoba1, and with the fur
ther loss of shipping funds sustained
total loss in deposits of $4.369.3s2. This
loss more than offsets the gain of many
institutions. nine reporting this morn
ing showing $3.0S4,330 gain.
The Federal National lost $1.346.S0o
and the Metropolitan National $2,036,-
2S6. both being largely attributed to
loss of government funds. The Riggs
National led the list with gains, show
ing $1.773,000 gain, this bank not hav-
ing received any government or ship
ping board funds on deposit.
The Home Savings Bank will prob
gain of $4SS.265.
Trust companies reported generally
showed gains. but the American Security
and Trust Company showed a loss, un-
questionabl due to tax money with
drawals.
The following are tthe deposits of
the banks named at the close of busi-
ness May 10. and loss or gain in COM
narison with the report of March =.
1873 1873 Al" Ame5isan Nati9nsl ma ssas
gain. S2a6.676. Commercial National.
$1l ,05s.6ss; loss. $4.359.3s2. District,
S6,51o.392: loss. S1I3. IS. Dupont. ST.
-; S4i25 gain sss5ao Federal So
$a.1I2151: loss. s2.o36.2s6. Lincoln Ma
tional. 1881 .913; gain, s53,6i5. Riggs
National, s19.5o0.0o0: gain. $1.773,o0o:
seeuty and Trust
Trust. s3.359,945: gain. s67.55s; Ma
tional Savings and Trust. ss.132,46S:
gain. sls.sao. Washington Loan and
srus, s9ssso gsR sa aSn f.ss Hsge
267 Liberty Savings Bank. s1s1,so7:
gain. $26,732 Merchants Bank, $780,
123; gain. s1s2, 1so.
t The n RanK he a sagta .eo s5GsS e e
100000 has been consummated. Pay
ment of the s30a.001. additional stock
was completed yesterday.
Preparations for remodeling the
File Strenuous Protest.
The New York Clearing House Asso-
citation, comprised of the largest banks
In that city has filed a strenuous pro-
test with the Senate against the pas
sage of the measure IS. 1850 calling for
government guarantee of deposits of more
than $1,000 in national banks.
The protests declare that such
measure would be putting a premium
on incompetence. and that the guar
antee would be made good at the ex-
penSe Of the conservative bankers OF
the nation. Moreover, there is no call
Tor a measure of this character, ac-
cording to the New York bankers. 1t
Is one of the measures introduced by
Senator Owens at the request of the
controller of the currency.
Bond sales at today's session Of the
local stock exchange was confined to
washington Gas 5S at 96.
Capital Traction shares sold at ssh;
Railway common at so. American Sc
curity and Trust Company stock at 225
and Mergenthaler at ITO, with one ten
share lot at hon.
Tax Money Problem.
Up to els o'clock this afternoon, w.
T. Galliher. president of the American
National Bank. charged with the mat
ter Of obtaining redeposit Of tax money
from the Treasury Department, had
not been Informed regarding the final
disposition of the problem.
The matter has been taken up by
Treasury officials. Secretary McAdoo
has not acted on the proposition, al
though the bankers are still hopeful
OF getting the $4,000, 900, the usual re-
deposit.