The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-04-14
NATIONAL BANKS
READY FOR LOAN
Great Increase in Deposits and
Resources Reported by
Comptroller.
Special Dcspdfch TO The sry.

Special Dcspdfch TO The srx
WASHINGTON, April 13.--The national
banks OF the country are prepared to
handle the Victory Liberty Loan. Com
pilations by John Shelton williams
Comptroller of the Currency. on the call
OF March 4 shows a great increase in
deposits and resources. Previous loans
have brought no depletion of national
bank assets. On the other hand. they
have steadily increased. The Comp
troller's statement in part follows:
The returns just compiled show that
the resources of the national banks
March 4. 1919, amounted to S20.010, 0O0.-
900. These resources excepting New
exceed by 1905, 000, 900 the greatest re-
sources ever before reported.
THE records show that since March
5. 1917. there have been placed through
the national banks of the country about
81 per cent. or clear majority OF the
$4,000, o00, 900 of Liberty bonds sold in
this period.
These giant operations have not only
occasioned no drain or depletion in the
assets Of the national banks, but during
this same period their resources have
actually increased s4,03S, 100000 and
their deposits have increased $2,s42,-
10000.
Deposits March 4. 1919. aggregated
s15,2s9. s07 900, an. increase of 1851 ,0oo,-
900 compared with March 4. 1918. and
an increase Of s2.342.OO0.oo over March
5. 1917. The increase in deposits as
compared with December 81, 1918. in the
whole country outside of New York city
was 1857. 900. The reduction in New
York city was $4,000, 900. The in
crease in deposits throughout the coun-
try since December 81. 1919. has taken
place mainly in the country banks.
Loans and discounts March 4. 1919,
amounted to 1851 .O0o. 900. an increa sc
OF s652,OO0, 900 as compared with March
4, 1918, an increase OF se7s.000.000 as
compared with March s, 1917. but a re-
duction of 1927. 100000 as compared with
December 81. 1918. The percentage OF
loans and discounts to deposits on March
4. 1919, was 63.35 per cent. March 4
1918. $3.50 per cent; March o, 1911
67.25 per cent.
Capital, surplus and undivided profits
of national banks on March 4. 1919
amounted to s2.330, O00. 900, an increase
over March 4. 1918. of ss2.OoO,OOo. and
an increase over March 5, 1917, Of $780,
900 .000.I
THE circulation of national banks
March 4, 1919, was 74.000,o00. an In
crease of about sl3,o00.o00 over March
8, 1917, but a reduction since December
81. 1918. Of $4,000. 900. 900.
Lawful reserves held by the national
banks March 4, 1919, were $1,151 .o00.-
900. or s77.oo0.00o in excess Of the
amount required. The excess reserve
reported December 81. 1918, was $751;
O00, 900. The percentage of reserve held
by country banks March 4. 1919. was
73s per cent. The highest percentages
among the States reported were:
New Mexico. SAT per cent. Ala
bama, s.25 per cent. Louisiana, s.22 per
cent.
THE States reporting the lowest per-
centages OF reserve we're:
Wyoming. 6,s5 per cent. Iowa,
per cent. Illinois, III per cent, Con-
necticut. 7.l9 per cent.
THE percentages of reserve carried
in the three central reserve cities OF
New York, Chicago and St. Louis re-
spectively were 14.49, 1916. 1912 Per
cent. The other reserve cities averaged
1912 per cent, and those showing the
highest percentages were: Des Molnes
1920 per cent. Spokane, ~ zs per cent
Brooklyn, 11.s0 per cent. San Antonio
1855 per cent The reserve cities show
ing the lowest reserve were: FL Paso
40 per cent; Kansas City, Mo. see
per cent; Albany. 1863 per cent.