The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-10-10
NATIONAL BANKS ON
PEAKOF PROSPERITY
Exceed by Over 81, 500, ooo,-
900 Greatest Resources Ever
Shown in August Report.
TOTAL rs s18,04B,6 COS, 900
Increase Il Well Distributed
Throughout Country-New 9
York Drops.
Special DespcsoA to tn, sm.


WASHINGTON. Oct 9.-Despite the
hugo total Of Liberty bonds and oertifi-
oates Of Indebtedness financed through
the national banks, those institutions
vers never In better condition and as q
whole are stronger. An analysts Of re-
ports Of the national banks made by
Comptroller Of the Currency williams
from the call August 81 last shows that
the resources OF the banks on that date
amounted to 31s.U4s. $685. 900. exceeding
BY more than tl.5oo. ooo, 900 the sreatest
resources ever shown by the national
banks at that season OF the year. 9.
On May I. 1917. Immediately before
the Launching OF the first Liberty Loan,
the national banks had resources of S1e.-
iN.40s.0oo. Since then the nations al
banks have handled the greater portion
Of three Liberty loans and certificates
Of indebtedness outstanding totall!ng
more than $4,000. 00o. 900.
Notwithstanding this the reports show
ehat these banks have. resources greater
BY nearly $4,000. 000, 900 than they held
before the first Liberty Loan was sold.
The increase In total. resources over
June 20. 1913. the date of the previous
call by the Comptroller. was s204. ioa,-
eeo. New York city, However. showed q
reduction In this period OF, Sios, ass. 900,
cnsettins a gain for: the rest Of the
other cities had small reductions
Cities with Large Increases. .
The cities whose national banks
showed an increase In resources since
~
100000 or over were: Kansas City. No.,
100000 Chicago. $4,000, 900; Mime
apolis and Baltimore. slb,00o.ooo each;
ST Louis, Richmond and Wichita, ss,-
100000 each; Houston. $1,000, 900;
Omaha, $4,000. 900; Indianapolis, NASH
Vile and Seattle. 100000 each.
The only cities showing a reduction
o. 100000 or moro in resources were
New York. sioa.ooo.Ooo: Boston. ;54.-
$4,000; -Pittsburg. s23.ooo,ooO: San
francisco. sl5.0o0.0o0: philadelphia,
100000. and Albany. 50. 100000.
Inc total Increase In resources in the
reserve and central reserve cities out
side OF New York city was sec. 600, 000.
The net Increase in resources Of national
banks outside Of the reserve cities was
324s.0O0, 900.
In. thIrty-eight States the country
banks increased their resources; In ten
-
only State IN which there was a reduc-
ton In resources Of a. much as one ana
three-quarter millions was Connecticut,
where the reduction was SIC, 100000, It
u noticeable that the increase IN ma
donal bank resources Ii well distributed
throughout the country. 3. 81
Other features Of the analysis show
Loans and discounts on August 81. 1918.
*e.4s3 100000 reduction since June 20,
n
s 81 az ythl September III. 1917. of
Reduction In Deposits.
Total deposits August 81. 1918. Sl3.-
SIS, 0e0.o 600. u reduction since June %
1918. of s135.ooo. 900. but an Increase
ever September II. 1917. Of $751;. 900 900
Bills payable and rediscounts. $l,2s4,-
100000. an increase since June 90, 1918,
Of s4lo.ooo.oo0 and an Increase over
September II. 1917. OF Sl,0OS. O00. 900
principally accounted for by increased In
vestnent by the banks In United Sta,ss
certificates OF indebtedness. Unite1
states bonds and certificates OF indebt-
edness held August 81. 1918, were
ss,i6S 100000. an increase over June 20
o. S33S,000,000 and an Increase over
September II. J9l7. Of 1926. 900. 900.
This increase is nearly all represented by
me banks purchases Of certificates OF
Indebtedness
Cash on hand and due from Federal
reserve banks on August 81. 1918, was
u,S71, 900. 000-a reduction compa red
with June 20 Of $4,000 900, but an
actual increase compared with .Septem-
Der IL. 1917. of s5.464 900,
The cash which the national banks had
on hand and with Federal reserve banks
Oh August 81. 1918. plus their holdings
Of United states bonds and certificates or
Indebtedness. amounted to $4.l27. sos, 900.
This amount after deducting the United
states bonds held as q basis for circuIa-
ton Is nearly 25 per cent OF the total
deposits OF all the national banks, but
allowance should OF course be made for
that portion of the bonds and certificates
which may be pledged against bills pay
able and rediscounta -