Evening star., 1918-08-12
LOCAL BANKS RECORD
/. BEST IN FIFTH DISTRICT
BY I. A. FLEMING.

BY j. "A. EAGM4N9s
In the fifth regional district OF the
federal reserve system. the banks OF
Washington stand out clean and clear
cut as the best supporters of the
Treasury Department in the three
sales of Treasury certificates, June 20,
July and July %.
Local banks took their full share OF
all liberty loan issues and a large
plus. practically double the expecta-
tions. which were set high enough by
the department.
The apportionment of the three
banks of the fifth district was placed
at s6s.5OO.oo0: the subscriptions were
but s5O.972 500. or 1894 per cent.
Local banks were expected to take
s6.S94.0 900 and actually subscribed to
s1.751. 500. or 112.4i per cent, with
Maryland second with s7.1s per cent
and other states trailing. South Caro-
lima bringing up the rear with but
1855 per cent of expectations.
Out of 2.065 banks in the fifth
regional district. Maryland. Virginia.
West Virginia, the two Carolinas and
the District of Columbia. but SIG sub
scribed, or 29.35 per cent. Again
Washington led with 90.49 per cent.
Maryland being second with 46.l3 per
cent
subscribing banks as reported by the
Richmond bank of the federal re-
serve system were as follows:
Anacostia Bank. $4,000; American
National Bank, s20S.000: American Sc
curity and Trust Company S1.10O.0 ;
of
$1,000: Central Savings Bank. $500;
Columbia National Bank. s1S0,00o:
Commercial National Bank. 5000. 900 /,
Continental Trust Company, 100000;
National Bank. S230000: Dupont Ma
tional Bank, $4,000: East Washing
ton Savings Bank. $4,000; Exchange
Bank of Washington. S35.0no: Farm
ers' and Mechanics National Bank of
Georgetown, $4,000; Federal National
Bank, s409.500: Franklin National
Bank, 10000: Home Savings Bank,
SJU0.Oo0: Liberty Savings Bank, $1,000:
Lincoln National Bank. $685. 900; Mer-
chants Bank. 100000: Munsey Trust
Company, $500; National Bank Of
Washington, S65o,000; National Capt.
tai Bank sol 500; National Metropoli-
tan Bank. s595,0OO; National Savings
and Trust Company, S3J0.0OO; North
Capitol Savings Bank: sll3.5oo; North
east Savings Bank, $4,000; Park Saw
ings Bank, $4,000; Potomac Savings
Bank. $4,000; Riggs National Bank.
s1.075.o00; Second National Bank.
$225.000: Security Savings and Com
mercial Bank. S120.0OO: Seventh Street
Company. 100000: United States Saw
ings Bank. 100000: Washington Loan
and Trust Company, S311 900: Wash
ington Mechanics Savings Bank:
Bank. $4,000 Total, S7,I51. 800.
Fourth Certificate Issue.
Subscription books close tomorrow
on the fourth issue of certificates and
the allotment to local banks is S1,736,-
600 and TO the fifth regional district
s17.500,000.
Call for Tax Money.
The Treasury Department this
morning notified banks in the city
that have District tax funds on de-
posit to repay 90 per cent into the
Treasury on the 26th instant.
Under the old method of repayment
the 20 per cent would have been pay
able on the 18th of August, the ten
days delay being probably arranged
to prevent any disturbance of credit
through the repayment of the balance
of the third liberty loan money on
iHdt udtc, anu lHe ta> ihohcS % " "Sii.
The tax money repayment will call
for the return of about 100000. One
installment of a like amount was re-
paid July Is
On the Stock Exchange.
Potomac Electric first 5s made a
new low on today's session of the To-
cal stock exchange, when they sold at
9S; the consolidated 5s were steady
early at 93A, and then sold at SO y
with 93A bid at the close.
Washington Railway preferred was
the most active of the utility stocks,
100 shares selling in twenty-five share
lots. at SSA. Capital Traction stock
sold at ssA. and ten shares of WASH
ington Gas at 52i