The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-08-20
RECORD DEPOSITS IN
US. NATIONAL BANKS
Total Is S15,924, 885, 900, an
increase Of 81, 903,2se,-
600 In a Year.
NO FAILURE IN 9 MONTHS
Ratio of Loans Decreases
Holdings Of L. s. Bonds and
Certificates Shrink.
srecial Dt.pafeA TO Tun Sun.


WASHINGTON. Aug. 1s,---The Como
troler of the Currency said to-day that
deposits of national banks exceed by
s?l ,Ooo, 900 the highest previous record.
Ratio of loans to deposits June 80, 1919,
were s6i per cent, against es.s per
cent. June 20, 1918. Holdings OF United
states bonds and certificates have shrvnk
$50 millions since May 10. 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 80.
1919, amounted to sls,s24,se5, 600. This
was an increase over May ~. 1919. the
greatest which had ever been reported
no to that time, OF $21. 06s. 900. and an
increase over the corresponding call In
the previous year, June 20. 1918, OF
sl,9OS, ?56,ooe
OF the total United States Govern
ment deposits were $5eS.7a3.00, the net
amount due to national banks was 81
134,elS,OOo. and due to other banks and
trust companies si.sss,15s.oo The
amount of time deposits reported was
$4,000, and certified checks, cashier
checks, &C., sis2,s64,0oo.
Loans and Discounts Increase.
Loans and discounts June so. 1919,
amounted to s10.5T4,sss.0 900, an increase
over May 10, 1919. OF se70,o1 7.ooe. prob
ably due to increase IN loans on Liberty
bonds or Victory notes sold customers.
for the reports show that between May
~ and June 30, 1919. Government bonds
owned by national banks were reduced
sss6,s2s,ooo; but an increase of sio55.-
$4,000 Is shown as compared with June
.stls1s.
or the s3.17i,s12,oo0 Government
bends owned June 30. 1919. sl,44e.5ls,-
900 were Liberty bonds and Victory
notes. about 32.444 900 were United
States bonds and short term certificates
Of indebtedness, and approximately
sss,s50,ooO were old United States
bonds held as a basis for circulation.
These figures show that on June 30.
1919, only e.e7 per cent OF, the total re-
sources of the national banks were In
vested in Liberty bonds and Victory
additional United States bonds and short
term certificates. exclusive of United
states bonds held to secure circulation.
Bills payable and rediscounts, includ.
ing rediscounts with Federal reserve
banks, were s1.4s5,e72, 900. a reduction
since May IL, 1919. of ssI.75i.0o0 and
an increase over June 20, 1918, of $685.
$4,000.
or the total bills payable and redis-
counts outstanding June 80, 1919.
amounting to s1.4s5.s1s,ooo, the bllis
payable due Federal reserve banks were
se91, II Z, 900 and the bills payable other
than those with Federal reserve banks
amounted to only s5s,as4,000. Redis-
counts. including those with Federal re-
serve banks and not included In direct
liabilities, amounted to s43S,571,000.
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 80, 1919, amounted to sl,16I,o3S,-
900, an increase over May IL. 1919. OF
s2i,o33.0o0, and an increase over June
%, 1918, of $26,193,e00.
Banks Circulation s0T7.t02.OOO.
The circulation of national banks out
standing on June 80, 1918, was s6TT,-
$4,000, an increase over My IL, 1919.
Of 100000 hut a reduction as compared
with June 20, 1918, of k4,46s,0oo.
Cash on hand and due rrofn Federal
reserve banks June 80, 1919, was s1.s2l.-
900, 900, an increase of $5,000,000 over
May IL, 1919, and an increase OF $685.
900, 900 over June 80, 1918.
Total resources on June 80. 1919,
we've seo,7ss,550, 900, a reduction since
May u, 1919. OF Ss5.441,000, and an
increase since June 80. 1918, OF $2,s6o,
oBO0o. The banks had invested In bank
ing houses. furniture, fixtures, &c, 2S.s4
per cent. of their capital, or LOS per
cent of resources.
Agar, si.sB9,15S. 600 which the ma
tonal banks 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 s3T5.3oo,ooe. The national
banks, therefore. had nearly Ave times
az 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
90 1919, amounted to $7.S63,47s, 900, the
highest figures yet reached, an increase
over May IL, 1919, OF s4,4ls,000 and
over June 20 1913 of S113,6S5,000