The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1920-01-29
BANK POSTS
sH0WE: D CAIN Or
S2.G23,588,O0O
Remarkable Growth for Year
Ending Nov. 1, 1919.
-
DEPOSITS EXCEED LOANS
Number of oepositors increased $780,
e4s During Four Months Fol-
lowing June 80

Washington, Jan. 29.-fhe ofilcia
returns OF the National Banks as o.
November II. 1919, just compiled
show a growth and development OF
banking power never before equaled
The National Banks OF the United
Sta es he'd. on the date named, Re
sources of S22 992. 900 This
was an increase since September
u. 1919, of $S29.576000, the great
est ever previously reported: anc
an increase fer the year. or since
November /, 1918, OF $2,62S. 5sS 600
AS compared with the returns OF
August 8. 1918, the increase is Sill,
5S5,000,000. or LOT per cent in abou'
six years
The growing confidence In Nation
al Banks is also evidenced by the
unprecedented increase in the mum
Der of National Bank depostors
which, on November II, 1919, stood
/ at 1921 249, an increase Since June
80 Of SS9.949
Deposits ON November II, 1918,
were $17,467,S53.00O, an Increase
over September 10. 1919. of 1885,
I27l,000; and an increase fer the year
or since November l. 1918. Of ST.
4l6,SS0,0o0. The increase in De.
posits was about billion dollars
more than the increase in loans for
the year
Loans and discounts (exclusiYe of
rediscounts} on November II, 1919,
amounted to $11 56O,242 600, an in
crease since September -, 1919, of
s4747S0,0GQ, and an increase over
November /, 1918, OF St,a63 302, 600.
The proportion OF Loans and dis
counts exclusive OF red'scounts) to
deposi on November IL, 1919, was
sc Is per cent as compared with 6645
per cent September 10. 1919, and
67QS per cent on November ] 1918.
The fetal cash on hand due from
federal reserve banks Zinc uding law
ful reserve and items in process Of
col,ection) ON November III, 1919
amounted to So 1885 600. the great
ess ever reported. being az Increase
over September ~, 1919. Of STA
$4,000, and an increase ever No
vember l, 1915, of $685., 294, 600.
Circulation Of National Banks on.
November IL 1919, was SeS0S79.0O0
a reduction over September IL. 1913
of $4,000 and an increase of SIS,
$4,000 ever November 1, 1918.
Total of bills payable on November
II. 1919. was $1,062, t55 900. a redue
ton Of S2,451.GG0 since September
10, 1919, but an increase as compared
ITO November J. 1915 OF 1925 SIS :
900 The bills payab e are largely
based en- government securities.
The to a. amount of bills payable,
exc usive OF bills payable with the
Federal reserve banks. on November
II, 1919, was on'y $50. 1873, 900, show
ing the extent o which the banks now
restrict their Borrowings 10 Federal
Reserve Banks.
The to al rediscounts (including
S45s,S9S 900 red!scounts with the
Federal Reserve Banksl on Noyem.
Der II, 1915, amounted TO S6S0476 900
an increase over September Il, 1919
of s239,5G60 600, and an increase as
compared with November !. 1918, of
$51,322.0 900
United States Government securit-
les owned by Ma ional Banks on Mo
vember II, 1919. moulding bonds OF
old issues. Liberty Bonds, Victory
Notes. Certificates of Indebtedness
War Savings and Thrift Stamps
amounted 10 S2.Ssi SS1 900, redUc
tion since September IL, 1919 Of
S414.712 600, and a reduction since
Nocember /. 1918, of S274.431. 0o0
OF the United Sta es Government Sc
curities held by the National Banks
Certificates of Indebtedness. Liberty
Bonds, Victory Notes. War Savings
and Thrift Stamps amounted to about
s2.2O0.000 600. the balance being prin
cipally cd United States Bonds Sc
curing circulation
( The Victory Notes and United
Sta es Certificates Of Indebtedness
owned by the National Banks on
November II, 1918, amounted 10 81.
1873 764, 600. This exceeds. by more
than $120,OG0,000 the total OF the
Bills Payable OF all National Banks,
including Bills Payable wi'h Federal
Reserve Banks and wi other banks
IN addit on to the Victory Note
and Certificates CT indebtedness, the
National Banks also owned, on No
80