The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1918-10-19
NORTH DAKOTA
RESOURCES AT
HIGHEST MARK
Banks Report sl17,3o7,1oe.75 in
Response to Recent State
Call. -. r..
BIG GAIN OVER LAST JUNE
Financial Stability Unusual for
Agricultural State Shown
In Statement.
BIG GAIN OVER LAST JUNE

C74,33 more than a year ago. $3.2O2
Bliss over the call of June %, 1918,
and the highest point reached in the
history of the state are shown by G?l
state banks and four trust companies
whose response to the call OF Aug. 81
1913. is summarized in an abstract
given out today by State Examiner j,
r. Waters.
State Examiner J. r. Waters has
just issued an abstract comparative
statement of the financial condition or
the state banks and trust cOmpanic
Of North Dakota for calls at the close
Of business September II. 1917. and
June % 1915, with the call Of August
81. 1913.
The figures of the call for the re-
port of condition Of state hank and
trust companies as of August 31,l91S,
just compiled, show that the resources
of the banks and trust companies
have maintained their usual high
level for a call at this very low finan-
cial period of the year in an agricuI-
tural state. despite the unusual and
ever increasing demand made upon
financial institutions by reason of the
concurrence of government war issues
|
and marketing operations. and the
enlistment Of the depositor's guaranty
| fund law.
During the past year heavy de-
mand has been made on the financial
institutions of the state to aid in the
financing Of the war Issues and an ,lll-
usual demand for money has been
made to finance all farming opera
tons from seeding to marketing. TO
this has been added the enactment OF
the regulations of the depOsitOrs'
plSnaranty fund law. and the strict
demands of the guaranty fund com,
mission who asked the state banks to
replace over one million dollars worth
-,f questionable paper with >liquio-
able assets. The very careful exam
nation of cash bank by this commits
sion and the state examiner has put
North Dakota state banks in excellent
banking condition. and has also made
IL heavy demand on their surplus re-
serve. All state banks in operation
have now been admitted under this
act.
A careful analysis of this state
ment will disclose. in strictly agri-
cultural state. but slight fluctuations
in financial conditions at the lowest
eHrning period OF the year. There has
been slight decrease in deposits and
an increase of $7SG1 .J33 in loans and
discounts, all of (which displays the
fullest measure of support to the fed
eral government was Issued. and is evl-
Gence of the efficient management,
and untiring patriotic effort on the
rf Of \n,.th nnl fa. fate l,, ;,,>l
supporting all war measures. The
analysis reflects the whole hearted CO.
operation of the farmers of the state.
and their efforts to assist in the Win
ming Of the war. The farmer duringtl
the past year has contributed much to-
ward Il greater productivity Of the
soil in increased acreage more inten-
sive and diversified forming, and the
adoption of more modern farm meth
DDS all of which had to be iinancied
with no returns coming iii ut this
period. .... 4
Up to this time there has been no
disturbance in the commercial rket
for North Dakota farm mortgage
loans, and all loans have been made
that have been asked for with very
little fluctuation in the rate of inter
est. In fact, this statement shows II
remarkable increase in loans and dis
counts over a. year ago of $6,S61, 5333-
81, and an increase Of S2O43. 1906
in two months. Bonds, warrants |
stocks,l Gains, etc. show an increased
over the call of September II, 1917, of |
2,4S4 ,623.66, and an increase Of ST.
224 ,5464O in the past two months.
These amounts represent almost en-. |
tirely government war issues pur-
chased and Subscribed by the state
banks OF the state unstinted praise
for their patriotic support.
This report shows slight expense
over profits of $465, G54.GO on account
OF the general house cleaning, prepar-
atory to admittance under the deposi-
tors guaranty act, but this amount
vii soon be eliminated with the
movement Of the 1913 crop, -.
This statement reflects the careful
supervision and business judgement |
of state, Examiner J. r. Waters, and
the we'll balanced condition of the
financial institutions of North Dakota
at period whiSh tests their sOlyency 4