New-York tribune., 1919-02-10
Bank Resources
At Twenty Billion
Mark December 81
U. S. Controllers Report
Shows Aggregate Has
Doubled Since Jan. 1911;
New Record for Deposits
Nem York Tribune
Washington bureau

Washington Euredu
WASHINGTON, Feb. 9.-Resources
of national banks at the last call on
December 81, 1918, passed the S2000O,-
100000 mark for the first time with
grand total of S20,042 ,224 600, accord
ing to figures made public to-day by
John Shelton Williams, Controller of
the Currency. This is an increase of
$22O,S2O 900 over the preceding call of
November / 1918, and an advance as
compared with December 81, 1917, of
S1,96S ,916,000.
"These extraordinary figures show
said Mr.. Williams to-day, that the
total resources of the national banks OF
the United States have more than dou-
bled since January Z, 1911, when they
amounted to only S9S20, ,483, 900, the
increase in eight years having been
SO ,22l, TAI 900.
Deposits Reach High Tide
"The following figures give n COM
parison between the statements OF NO
vember l 1918, and December 81. 1918:
"Deposits aggregated SIS. .423, OBI 600,
an increase of $371 ,6OS,O0O over the
greatest deposits ever previously
|
$1O1 356,O0O was represented by time
deposits; the remainder of the increase
was in amount due to banks and bank
ers. Demand deposits showed a slight
reduction.
Loans and discounts December 81,
1918. amounted to $9.918,2 ,294 900, a re-
duction as compared with November /,
1918, of $178, SAG, 900. The percentage
of loans and discounts to deposits No
vember l 1918, was 67.08 per cent, and
on December 81, 1918, these had been
reduced to 64.3l per cent.
"Bills payable and red;scounts on De-
cember 81, 1913, were $3.50, 1886, 900, q
reduction as compared with November
/, 1918, of S186, 1856. 900.
"Of the 81 $3.50 ,835 900 of bills payable
and rediscounts outstanding December
81, 1918, $817,264, 900 were bills payable
with the Federal Reserve banks; S61,-
900 were bills payable with other
than Federal Reserve banks, while the
liability for rediscounts due Federal Re-
serve banks and others amounted to
$502, ,OO7 900.
"United States bonds, including Lib
erty bonds and United States certif-
Gates of indebtedness, held December 81
1918, amounted to $2,949 878, 900, a re-
duction since November |, 1918, of
$206, ,434 900.
"Other bonds, securities, etc, on
December 81, 1918, amounted to ST.
693,071 600, an increase of $22,666, 900.
"Capital, surplus and undivided
profits of national banks on Decem Der
81, 1918, amounted to $2,293, ,613, 900.
December 81, 1918, was $676,S27,000,
an increase of $129,0O0, as compared
with November /, 1918, and an in
crease of $2,573,000, 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 December
81, 1918, was reported at S955, 900
or 5.62 per cent of the $4,000 100000
Liberty bonds placed.
Totalled 1882 2,125OOO
"In addition to the Liberty bonds
the national banks reported holdings
Of United States certificates of in
debtedness on December 81, 1918
amounting to $9S2,1 900.
"On December 81, 1918, the natona
banks reported that the amount OF
money loaned by them on the security
of Liberty bonds was S1,020 436,00
and the amount of money loaned by
them on the security Of certificates o1
Indebtedness was $36, ,667 900.
"The reports show that the amour
of Liberty bonds of all four issues
owned by national banks in the Cen
trail Reserve cities, New York, Chcag,
and st. Louis, was s172616,O0O; il
other Reserve cities, $780, 900, ant
by the country banks, $532, 900.
"Of the United States certificates o
Indebtedness held by the national bank
= 1858, ,532, ,000we owned by the nationa
banks of the three Central Reserv
cities, S266, ,419,000 by national banks il
other Reserve cities, and by the coun
try banks $357,174,000.
"Of the money loaned by the nationa
banks on Liberty bonds the nationa
banks Of the three central reserve
cities were loaning S423, SIT, 900; ma
tional banks in other reserve cite:
were loaning S345,943, 900, while tn,
country banks were loaning on Libert,
bonds $3.50, 5000
"Of the s96, ,667 900 which was being
loaned on United States certificates O
indebtedness, the central reserve cite,
were loaning $13,875,000; nationa
} banks in other reserve cities were loan
ing $40, 900, while the country ma
tional banks were loaning $2,543,0 600.
: "Of the S955935,000 Liberty bond
!. owned by national banks only S36,58
900 were the bonds of the first issue