The Washington herald., 1918-12-23
NATIONAL BANKS
EXCEED WORLD
IN RESOURCES
Monthly Total Of sl9,S2i,-
404,00O Reported by
Comptroller Williams.
PHENOMENAL GROWTH
Five Years Increase Great
er Than That of Pre-
vious Quarter Century.

All records for volume OF business
done by the national banks OF the
United States were broken on No
vember /, Comptroller Of the Currency
John Skelton Williams showed yester-
day in announcing the results Of the
last call for reports Of conditions as
OF that date.
Resources totaled s1s.SZ1 ,4o4, 900, an
increase Of S,2sS. .sU7.ooO over the pre-
vious record, November %. 1917. and
Of s1.T7. 100 over the showing Of
the previous call. August 81, 1878.
Resources OF the national banks now
aggregate close to those OF all the
State, savings and private banks and
trust companies OF the country. the
Comptroller shows, and exceed those
OF the national banks OF issue OF
England, Canada. France, Italy. The
Netherlands, Norway. Sweden. Den
mark, Japan and Germany combined.
as shown by their last available re-
ports
The national banks resources at the
date Of last call were within aOpopso-
COO OF the combined resources OF al
the other banks Of the United States
in June OF last year and exceeded
them by more than E.OOo.OD0.ooo in
June. 1916. he reports.
Growth Of Power.
He also estimates that the growth
In power OF the national banks in the
past five years is greater than thar
OF the preceding quarter OF a century.
Cities showing the greatest increases
in resources Of their national banks
and the amounts OF those increases
are: New York. $50. coo coo: PhiladeI-
phia, 1900 O0O: Boston. SI4sOl0 90:
Chicago. S56Oo00oO, Pittsburgh. SIS
600 0Jo; st. Louis. SIS OJ1g10. Richmond.
SO. 10000: Portland. 81 coo 600: Mime.
apOlis. Se0,oOO.Ooo: BSgalo. and San
Francisco. 600 each; St Paul.
SlS.Ooo.Oo0; Atlanta. New Orleans. Dali
, las and Cleveland. Sl2.OOo.GOO each.
/ Substantial increases by the country
banks Of every State except Nebraska.
( Kansas, Ohio and Illinois were shown.
/ Cash on hand and with Federal Re
serve agents reported by the national
banks on November amounted to
S4s5s. 1900. including their holdings
{ Of all United States bonds and Ger
tifcstes Of Indebtedness. the Comp
troller says. DeducJinE circulation
bonds this sum is equal 10 * per cent
I OF total deposits, he reports but al
lowanCc must be made for the United
States bonds and certificates owned
: by the banks. but which may be
pledged as security for bills payable
( or rediscounts
So far this year. the Comptroller
says. there has been but one failure
] Of a national bank. A small one in
California, a record since lS7o.'
Shows Many Changes
/ Compared with the preceding call.
August 81. the November ] call shows
the following changes m principal
items entering into the banks state
ments.
Deposits amounted TO y5.O5l .0oo. Ol0.
an increase Of S1.l65. .OOO.oO.
Loans and discounts totsled SlO.na7. =.
O0o,O0o. an increase OF $6lS 01O,'oO.
Bills payable and rediscounts were
Sl,567 OOOOnO. an increase OF S273GO0Ooo
Holdings OF United States bonds and
certificates OF indebtedness amounted
/ to S5,l56.ooOO00. an increase or S7oO,-
10000
Other bonds and securities aEEre-
gated 81, $50, Ooo. .oOo, a reduction OF s54,-
cocoon
Capital. surplus and undivided
profits amounted 10 S2.3l5. GO. 900. an in
crease OF S35.0po.Ool.
Circulation increased g.5O0.ooS 20
S675 0)C zoe.
{ Lawful reserve tot8led SllOl .Olaeaa
& a reduction OF N2,OO0Ooo and the ex-
cess OF reserve over the amount re-
quired was $4,000. a reduction Of
SSS.cCO,Oeo. In addition to their lawful
reserve the banks had with the Fed
eral Reserve banks in process OF coll
lection S26e e,o10.O0o. an increase -ss.s-
O0,c0. Cash in vaults amounted 10
SiiS.OJooCo an Increase OF s7s.OolOOO
Cash In vaults and due from Fed
/ eral Reserve banks totaled s. .SOs nO0
600, an increase OF S13l .Ol0O00.