Evening star., 1920-09-13
CALL WILL SHOW
ONLY SMALL Loss
Big Decrease Expected Has
Not NEUTRALITY-SUSPICIOUS.
Banks Total Larger.
BY !. A. FLEMING.

BY !. A. FLEMING.
The controller of the currency
this morning called upon all banks ir
the federal reserve system and on al
hanks in this city for a statement OF
condition at the close oI business. Sep
tember s.
This call has been look ed for with
interest and sufficient returns are in
to indicate that the final figures will
prove big surprise to the bankers
and forecasters who have been pre-
dieting very serious losses in the
crease from $4,000, 900 to $4,000. 900,
which is entirely too high: indeed
the chances favor the opinion that
the actual figures will show a net
gain.
Many banks that expected ten DAYS
ago to show a loss in deposits on the
call have recovered their deposits
and are on the right side of the
ledger.
The largest loss is sustained by the
il Is probable that some of the pre-
dictions of decreases in totals have
been based on this showing. The
Riggs National lost s1.10o.0 600 of gov
ernment deposits. s2.000.0 900 account
Of corporations and gained about
Savings banks are also dIsappoln' :
ing those who predicted decreases in
view of the vacation months.
Between the June 80 and Septe b q r
calls there was considerable money
paid out for Treasury certificates, no
payments for income or other taxes,
and national banks did not have any
tax money on denosit. so that there
was no repaymel.. of these funds as
heretofore.
Community Has Been Saving.
II may surprise the local financial
interests. but il is fact that the
community has been saving money
IS shown by the satisfactory gains in
savings deposits There has been
some shifting of deposits. as usual
al all times
Another fact shown by the surpris-
ing figures of today is that the efforts
of the banking forces of the city in
strengthening their position have been
more than successful.
The National Banks
The American National Bank. with
s4.240.S53 deposits. lost S67,3S4: the
Golumbia National, with deposits of
1rict National lost S123,5 having de-
posits OF s6.255,S03 Commercial Ma
tional scored gain of s455921 with
81 l.31l .6o5 deposits: Federal National
gained sl4s.s3s. having deposits of
$39s1.376; Dupont National lost s3o.-
1e2. with deposits of s1.6ss.6O the
National Metropolitan made an excel
lent gain. $7s1.364, with sIO.32a,447:
<the Riggs National lost s2495 00S:
Farmers and Mechanics gained ss,564,
Franklin National lost SI45.O5s. with
deposits of $3263.4o0; Lincoln Ma
tfonal gained s406S3 on deposits of
s4;s3s;413; the National Capital lost
SlIz,oe4 with deposits of sl.4s2.30s:
Of si31.ses. with deposits of SEE
$50. while the Bank of Washineton
swelied the national bank showing
sain OF s2S7.s73 on deposits Of
sI,oe1.s and the Liberty National.
with s1.0si,5S6. lost $2s.S53
The Trust Companies.
Four of the trust companies showed
losses in the comparison between Sep
tember s and June 80, and two show
ed gains.
The net gain exceeded the losses by
The American Security and Trust
Company: with deposits of s2S.141.4I4.
led all other institutions and showed
net gain of s19S.2s7. The Continen-
tai Trust Company. with deposits of
$2975,443. gained $139-sS5.
The Union Trust Company. with So
soo.034 deposits. lost $99.361; Wash
nS .on AoaH anu trust company. $lU,-
316.399 deposits. showed a loss of
s315.Sl5: the Munsey Trust Company,
with $3.SsSS S14 deposits. lost $210,s71,
and National Savings and Trust. with
$s,44S,571 deposits. lost s166.653.
The Savings Banks.
The majority of the savings instf-
tutions showed gains during the
period. The Security Savings and
Commercial. with deposits of $3,133.-
2ss. showed a loss of s50.Ss2: the
North Capitol Savings, with $91S.353
deposits. a gain of s53,s6S; the North
east Savings, with deposits of 1884,
sis. a gain Of $22.504: the Northwest
gain of $17.44s; the Park Savings.
with deposits of sl.73497s, gain of
$s9.s19.
With deposits of sI.s40.s53. the
Union Savings Bank showed a loss
of S12,327. and the United States Saw
loss of $1ss.as5.
A gain of $S332 was made by the
Washington Mechanics Bank with
total deposits of s1.o25.12s, while the
Washington Savings showed a gain
Of $1o.9s2. with deposits of $451.492
A gain Of $133.315 was also made by
the Potomac Savings Bank, whose de-
posits total S2.442.510. The Seventh
street Savings showed a gain of $685.
~. with dennsits nj s1.15o.SS2. while
sY-.45J siuce the las, cail, it's de-
posits being s1s0,57a.
The Anacostia Bank. with $S32,060
deposits. gained $4O.50V: Hamilton
Savings. with deposits of $643,S73. lost
$19.364; Citizens Savings lost $35,5s3.
with $623, 290 deposits: Bank of Com
merce and Savings showed a loss of
S40.5o0 on deposits of $1.1o9.3s0 East
Washington Savings lost 1892 on
deposits of sS43.3.6: the Exchange
Bank reported deposits of S644.933
a loss OF $5.094: the Industrial Saw
ings. with $493.777. lost $24.124. and
the Mount Vernon Bank gained
showing total deposils r.
S1,e11.1sS. - *
ings banks, as repOrteu.
cain of s372,636, all but
two institutions making report. In
iI.> cv,HJnaIon cents were omitted.
The national banks, as reported,
made a net loss of S9S0.05S.
These figures indicate loss for
all the banks reporting. of si43,190.
without the figures of McI.achlen and
Merchants Bank.
The final returns will be needed to
give the exact total change. but the
loss, if il shall be confirmed, is so
small as to be unimportant in com :
parison with the big decrease ex-
pected.
W0MAN ccEkc c0N uEpE