The Richmond Virginian. (Richmond, Va.) 1910-1920, 1919-02-12
ME RIcHMoNp NEUTRALITY-SUSPICIOUS. FEBRU a. 1910
BANK RESOURCES ARE
AHEAD OF RECORD MARK

Washington. Feb. 1.-THE comp
troller Of the currency said TO-DAY:
For the first time in their history,
The resources Of our national banks
at the last call, December 81, 1918,
passed the twenty billion dollar mark
and amounted to $z0,042,224,000.
This il an increase Of S220.s2o, 600
over the preceding call OF Novem Der
A. 1913 and an advance al compared
-':' NJ es--- 5,p4..'' -, =. e. s - =
These extraordinary figures tell us
that the total resources of the national
banks OF the United States have more
than doubled since January 7. 1911.
when they amounted to only $500
$4,000. the increase In eight years
having been $10,111.741.ooo.
The following figures give q COM
parison between the statements OF
1918:
Deposits aggregated s15,42s.os1, ooo.
an increase OF s371.sos.ooo over the
-reatcst deposits ever previously
reached. or the increase In deposits.
s1oI.35s.ooo was represented by time
deposits: the remainder of the in
crease was In amount due to banks
and bankers. Demand deposits
showed a slight reduction.
Loans and discounts. December 81.
1918. amounted to $9,918,2a4.00o. a
reduction as compared with Noyem-
Der 1, 1918, OF $17S,646.000. The
percentage OF loans and discounts to
denosifs November 1. 1918. was 67.0s
per cert, and on December 31A91S,
these had been reduced to 64.3f per
cent
Bills payable and rediseounts on
December 81. 1918, were $1.3s0 ss5.-
600. a reduction as compared with
November 1. 1918, OF s186.i56. 900.
OF the s1,3S0,s35.0o0 Of bills pay
able and rediscounts outstanding De-
cember 81, 1918, ssI7.264.0eo were
bills payable with the Federal Reserve
banks; $61.5s4,6oo were bills payable
with other than Federal Reserve
banks while the liability for redis-
counts due Federal Reserve banks
and others amounted to $500 .007 900.
United States bonds. including Lib
erty bonds and United States certifi-
Gates Of Indebtedness. held December
81, 1918, amounted to t294o,87S. 0e0,
a reduction since November /, 1918,
of s206-434.000
Other bonds. securities, etc. on De-
cember 81, 1918. amounted to 1884,
OIL 900, an increase of $22, sos geo.
Capital. surplus and undivided prof
its of national banks on Decem her
81, 1918, amounted to s3.293.S13.0O0.
The circulation of national banks
December 81, 1918. was $676S27 600.
an increase of $1,12e0 900 as compared
crease Of $2.573.oo0 as compared with
the same date OF previous year.
The amount Of Liberty bonds of the
first, second, third and fourth loans
owned by national banks on Deem
Der 81. 1918, was reported at $685.
$4,000, or $50 per cent OF the s17.-
o0o.e0 600 Liberty bonds placed.
In addition to the Liberty bonds.
the national banks reported holdings
or United States certificates Of indebt-
edness on December 81. 1918.
amounting to seS2,r25,0o0.
On December 81. 1918. the national
banks reported that the amount of
n oney loaned by them on the security
OF Liberty bonds was 81 ,0so. 900.
and the amount OF money loaned by
them on the security OF certificates
of Indebtedness was s3G.Ss-.00o.
The reports show that the amount
owned by national banks in the Gem
trail reserve cities. New York. Chicago
and ST. Louis. was s1T2.els.opo: in
other reserve cities, $25070T o00. and
by the country banks $500 $4,000.
OF the United States certificates OF
~ debtedness held by the national
banks, $4,000 were owned by
the national banks of the three GEN.
trail reserve cities. 1855, $4,000 by ma
tional banks in other reserve cities.
AID by the country banks, $751;
$4,000
OF the money loaned by the ma
tional banks on Liberty bonds, the ma
tionai hanks of the three central re-
serve cities were loaning s423.677 600:
national banks in other reserve cities
were loaning s345,S43,00o while the
country banks were loaning on Lib
erty bonds. $250.S16,0o0.
OF the $36 SGT 900 which was being
loaned on United States certificates
OF Indebtedness, the central reserve
cities were loaning s13,S7s,0o0: ma
-tional banks In other reserve cities
were loaning $70,24s.0ao. while the
country national banks were loaniug
$2,543.0oo.
or the ss55,ss5.ooo Liberty bonds
owned bc national banks, only $3s~
sSs. 900 were the ; ~ per cent bonds
Of the first issue.