The Washington herald., 1918-10-10
BANK SHOWING
Is SPLENDID
Bulk of Federal Reserve
Districts Show Good
Increases.

According to the analysis Of their
sworn reports. just completed. the re-
sources Of the national banks Of the
United States. at the close Of bust
ness on August 81, 1915, amounted TO
lS,o43, ,Go5,0o exceeding by more than
Sl,JOo. 10000 the greatest resources ever
| shown by the national banks at this
| season of the year.
On May /, 1917, the resources Of the
national banks were SIG. IA. 403, ,OoO The
amount Of liberty bonds and certifi-
Gates Of Indebtedness which the gov
ernment has sold and collected for
since that date, exclusive OF certifi-
I Gates Of Indebtedness paid OF during
this period. is s14,Z75. 5.CJ0, 90.
Subscriptions for the larger portion
of all three issues OF the liberty bonds
were placed through the national
banks OF the country and yet their
reports show that these banks are
today in stronger condition and have
resources greater by nearly 100000. =
900 than they held before the first
liberty bond was sold
The increase over the total resources
held June 2. 1918, was S2O4. .1C3. 900. The
increase for the whole country. ex-
elusive OF New York City, since June
q. 1918. was 100000. Forty reserve
and central reserve cities show in
each city an increase in resources
since the call Of June g. while In
twenty-three cities there was a re-
duction.
The cities whose national banks
show an increase in resources Of ap-
proximately 10000 or over were
Spc or.n ma
10000; Minneapolis and Baltimore,
s15.0oo.0oo each: St Louis, Richmond
, and Wichita, s. 10000 each: Houston.
5000. 600; Omaha, $4,000; Indian
apolis. Nashville and Seattle. S.Oc0. 10
each.
Some Cities Slump.
The only cities showing a reduction
Of 6. 900 900 or more were New York.
, s1O3, 900, 900; Boston, S54.Ooo.OCO: Pitts
! burgh, 81. .oOs.o0O; San Francisco, u.s.
/ 10000; Philadelphia, Sa,OOO,c ,cc0. and Al
bany. 100000.
The total increase in resources in
/ the reserve and central reserve cities
outside of New York City. was 500
] 10000. The net increase in resources
OF national banks outside Of the re-
serve cities was S24S 10000.
In thirty-eight States the country
! banks increased their resources: in
ten States they show a reduction. The
/ only State in which there was a re-
| duction i'm resources Of as much as
/ one and three-quarter millions was
! Connecticut. where the reduction was
| SO 10000
| The states in which the increase
! in resources of country banks
amounted to approximately $4,000
! 900 or more were: Pennsylvania,
is33,OOO, 900; Illinois. $4,000. 900;
Texas, $4,000. 900: Ohio. $50, 900. 600;
Indiana, $4,000. 900: Kansas, SIS
, 900, 900: Virginia, New Jersey, and
california, sll.OOO.OOO each: Iowa
New York. and Missouri. $4,000, ,000
each; Oklahoma. $4,000. 900; Nebras-
Z ka, South Dakota. and North Caro-
lima, $4,000. 900 each.
Increase. We'll Distributed.
II is particularly noticeable that
the increase in National Bank re-
sources is well distributed through
out the whole country.
Loans and Discounts on August
81 1918. se.493. 600 OO0-a reduction
since June 29. 1918. Of $4,000. 900.
and an increase as compared with
September IL. 1917, Of s43s.OOo.OoO.
Total Deposits August 81, 1918.
sl3,sS5, 900. .OOO-a reduction since
June as. 1918, Of s1S5.O0O,00o. but an
increase over September II. 1917, OF
se51. 900. 900 million.
Bills Payable Increase.
Bills Payable and Rediscounts.
81, 2e4, ,OOO, ,0O0-an increase since
June 2s, 1918, Of S41o,OOo,ooo. and an
increase over September IL, 1917. Of
81, ,0os, o0o, 900.
United States Bonds and Certif-
Gates of Indebtedness held August
81, 1918, were SASS, ,0oo, ,ooo-an in
crease over June 29th Of ss3S,0o0, =
900, and an increase over September
IL. 1917, Of 1896. 900. 900. This in
crease Is nearly all represented by
the National Banks purchases OF
Certificates OF Indebtedness
Cash on hand and due from Fed
eral Reserve Banks on August 81
ISIS. was sI.671, 900, ,00O-s reduction
as compared with June 2sth of s24.-
000, 1000, but an actual increase as
compared with September IL, 1911,
of s5.4e4.ooo.
The cash which the National
Banks had on hand and with Fed
eral Reserve Banks on August 81,
1918, plus their holdings OF United
States bonds and Certificates OF In
debtedness. amounted to s4.127. S0s,-
600. This amount, after deducting
the United States bonds held as a
basis for circulation. 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 Certifi-
Gates of Indebtedness which may be
pledged against bills payable and
rediscounts.