Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-04-27
EXTEND PERIOD TO MAKE
LOANS upon WAR BONDS
New Ruling for National
Banks.
Institutions May Put Ont Money
With Liberty Issues as Security
Up to 10 Per Cent OF Their
Capital and Surplus.
Especial 10 The T!mcs-D;spa,ch

tSpcClaI 20 L ne limcS Dispatch
WASHlNGToN. April 2S.-John Skcl.
ton Williams. Comptroller Of The Cur
rcncy. announced today that he had is
sued regulation, approved by the
secretary Of the Treasury. extending
until January /. 1920 the period i'm
which natioRa! banks arc permitted t.
make loans 10 customers on tho
security OF Liberty bonds and Victory
loan notes in excess Of 10 per cent
OF their capital and surplus
Ihc effect OF the ruling is to sub
s;"niiaiiy remove ali limitation on
loans by national banks where Lis
city bonds or Victory loan notes are
deposited as security for loans 10 tho
extent OF not less than l15 per cent
OF the amount borrowed.
az The SS72.o0Q.UuO Of Liberty bonds
owned by all the national banks March
last. the three central reserve cities
% New York, Chicago and 81. Louis
ieiG $l35.o0t.o0o. and all other reserve
ties held $4,000, 0oO; willie the in
yes;mcnts OF the country banks in
Liberty bonds amounted to $4,000
coo.
Holding of Rond..
The central reserve and reserve
c;;ios whose holdings % Liberty bond
amounted - S".oo0.Ho0 or moro were:
New YORK Si2&,"ooooe: Pittsburgh.
S2t.uuc. 900; rhiladcl phiu. $4,000. Ob0:
San Francisco Sli.0oo.pu0; Washington.
$4,000. coo: Nashville and ST Paul. S..
"ceHn0 each: Richmond and Cleveland
Ss,rvc.p"r each; Baltimore. Chicago and
i4.troit S6.c"o."ru each: Boston, HouS-
Ton. Kansas City and 81 Louis So
Eru coo each
The States whose country national
innS- owned Mar.a last. slc.poe.opg
u-der named; PeUus yivania -95.GQp.-
"ho, New York $4,000 600, New Jer-
.tN S@".rut zoe. illinois, S:%"Qp.vvo
Massachusetts, S2.o90.0 0c OHIO ana
N-ng ~. "a. --r,,s- q
Texas S'',"'o.rpo each; california.
"'f""r GOO: Co00e -,r1, and Iowa.
si2.pU0.u"1 each. Wsst Virginia.. Okla
6nn. North C4r",'l". SOUTH Ca7oi'na
ygi Ni.hi-aO. Stptyu."Uu raCh.
ny Eeorsra7 hica er.io1s. the bonds
y, ;hc four Liberty ,Jahe held b. tUe
national banks IL che NV England
Southern States Sl5aooo.roo; in ,ra
Middle states. SIti o.cCt; i'm the
Western states S94,0r0.po0, IN the
Tactic states, s53.U0ou0r
Loans on Liberty 0"nd>.
or the $9,3.uQO.OrU loaned uy tic
NATIONAL banks on j.iherSy bonds. $l"i.
nnuurU we're loaned by national banks
ir the New England states $5S5.0oo :
IN tho Southern states; $ltt.o"0.ooo In
t'.e Middle states; (IS,1oo.oul N the
Western States ana S3l ,00c,0ec i'll the
J c!llc states.
- nose national banks on March {, 1919.
we're lendimE on 93o i..hertL HonGs T. l.,
,uc order named: New Work. $3$2.-
$50. 900: philadelphia. SlVH,G00.ooo; Bos-
ION. sai 600 400; chicago. $3S,ooo."oo;
j itcshurGh. 3i,0o0.0o0; cleveland. $2i-
10000: Nich.nonu. siG000.0 COO san
francisco, sll,V0e,O00; Baltimore, alo-
100000.
the only states whose country ma
;icnal banks were loaninS an aEG.o :
rate OF AS much as 5000 0c, or moro,
~ -. ano, QUO; Nassaehusetts. $4,000. 600;
ennsyivania, s2S.0oO.0OO; Nov lcrseN,
'2?,oc0,oOo: CONNECTICUT, sl+.oc9;ogo.
Virginia. sS.0J0.cOo: Texas and Ohio,
= 600 coo each lllionis and California.
ooo 600 each; South Carolina and
Indiana, $4,000, Oco each. In no ono Of
,nr states o, Maine. Delaware. Mon
tana Wyoming, Colorado. New Mexico,
r,an. Nevada and Arizona Ola TIC
loans made BY country nat!"Aa! banks
on Liberty bonds amount 10 ) much
~ 81, 100000.