The sun., 1919-08-20
RECORD DEPOSITS IN
US. NATIONAL
Total Is $15,924,865,OOO, an
Increase of $1,9O3,256,-
900 in a Year.
NO FAILURE IN 8 MONTHS
Ratio Of Loans Decreases
Holdings Of U. S. Bonds and
Certificates Shrink.
Special pespateh to TIE srv.


WAsHINGroN. Aug. 1e.-The Comp
troller of the Currency said to-day that
deposits of national banks exceed by
t.l,ooo.o 600 the highest previous record.
Ratio of loans'to deposits June 30. 1919.
were 66.i per cent. against es.s per
cent. June 20. 1918. Holdings Of United
States bonds and certificates have shrvnk
S56 millions since May ~, 1919. He
added that there has been no failure of
national bank in the United States
during the last six months.
DEPOSITS OF national banks, as shown
BY the reports of condition for June 30,
1919. amounted to s15.s24.ss5.ooo. This
was an increase over May ~. 1918. the
greatest which had ever been reported
up to that time. OF S21. .o6s 900, and an
increase over the corresponding call in
the previous year, June 90. 1918. OF
s1.9o3. .256,ooo.
OF the total United States Govern
n,ent deposits were S5S6.793.00. the net
amount due to national banks was ST.
l3491s.00o. and due to other banks and
trust companies s1.S3e,15S,0oo. The
amount Of time deposits reported was
sl.1s4.S40.o00, demand deposits 50. .106.-
$4,000, and certified checks. cashier
che clls. &c. si92. 2.s6400o.
Loans and Discounts Increase.
Loans and discounts June 30. 1919,
amounted TO S10.574.S3S. 900. an increase
over May l2. 1919. of $670.01 1000. prob
ably due to increase IN loans on Liberty
bonds or Victory notes sold customers,
for the reports show that between May
I? and June 80, 1919. Government bonds
owned by national banks were reduced
sS56.22g.e00 but an increase of s1,055,-
$4,000 is shown as compared with June
20 1919
OF the ss.I71.s1e,ooO Government
binds owned June so. 1919. s1,44s.51S.-
900 were Liberty bonds and Victory
notes. about S1,032. .444.O 900 were United
States bonds and short term certificates
Of Indebtedness. and approximately
$3.50. 100000 were old United States
bonds held as a basis for circulation.
These figures show that on June 80.
Nl9. only 6.s7 per cent. OF the total re-
sources of the national banks were in
vested in Liberty bonds and Victory
notes and they held about 496 per cent.
additional United States bonds and short
term certificates. exclusive of United
States bonds held TO secure circulation.
Bills payable and redlscounts, includ-
ing rediscounts with Federal reserve
banks, were s1.4s5,s72, 900. a reduction
since May 12, 1919, OF s61,751.oo0 and
an increase over June %, 1918, Of Seo2.-
69s.0eo.
OF the total bills payable and redis-
counts outstanding June 80, 1919.
amounting to. si,4s5,s72.000, the bills
payable due Federal reserve banks were
&991,11T, 600 and the bills payable other
than those with Federal reserve banks
amounted to only s5S,2s4,0o0. Redis-
counts, including those with Federal re-
- .-...N - n n.,N
liabilities amounted to S436.57l, 900.
The bills payable with Federal reserve
banks arose largely from temporary
loans secured by Liberty bonds. Victory
notes and certificates of Indebtedness
Other bonds and securities owned
June 30. 1919. amounted to $1,I67,o3S.-
900. an increase over May IL, 1919. of
s24.03s.ooo and an increase over June
20, 1918, OF s26.193.00o.
Banks Circulation SOT7.102.OOO.
The circulation of national banks out
standing on June 30. 1919. was s61I.-
$4,000. an increase over May IL, 1919.
OF s3O3. 900. but a reduction as compared
~ith June 90, 1913, OK si,ts9,eee.
Cash on hand and due from Federal
reserve banks June 80. 1919. was s1.s21.-
10000, an increase of s5,0oo,o00 over
May IL. 1919. and an increase Of $225.-
400 900 over June %, 1918:
Total resources on June 80. 1919,
were $50. .T99.550, 900. a reduction since
May ~. 1919. OF S25,441, 900, and an
increase since June 20, 1918, of s2.s60.-
04S.00O. The banks had invested IN bank
ing houses. furniture. fixtures. &c. 1884
per cent. of their capital, or 1.55 per
cent. of resources.
Agai"-t s1,S3s.15s,oo0 which the ma
onsl UL.lls held on deposit to the
credit OF the State banks. trust COM
panies and private bankers the reports
show that national banks had on deposit
with State banks. bankers and trust
companies s375,300, 900. The national
banks, therefore, had nearly five times
as much money on deposit to the credit
OF State banking institutions as the ma
tional banks were themselves carrying
with State banks and trust companies
Capital surplus and profits on June
3o 1919. amounted TO s2,Ss3. .47s,00o, the
highest figures yet reached. an increase
over May IL, 1919. OF s4,41S,oo0 and
over June %. 1918, OF S113,6S5,000