Evening star., 1920-01-19
LARGE INCREASE
/ Of BANKING POWER
November Returns Show
Growth Exceeding All Rec
0fds-Other News.

Official returns of the national
banks as of November II, 1919, TO the
controller of the currency, and just
complied, show a growth and develop
m+ent Of banking power exceeding all
records. On that date the national
banks of the United states had re-
sources Of 22,444, 9e29oe, an increase
since September L. 1919, Of SS29,576
0n0, the greatest ever reported, and
an increase for the year, or since No
vember !, 1918, of $2623,b8S.ooO
Controllers statemcnt.
The controller announces that the
resources of national banks are now
greater than the assets of all banks
reporting, Including state banks, saw
lngs banks and trust companies, as
late as June, 1910. In six years, the
assets OF national banks have move
than doubled. The cash in vaults and
balances with federal reserve banks
now exceed all previous records. Lib
erty bonds and victory notes are
being steadily absorbed by permanent
investors. AS compared with the re-
tnrns OF August 8, 1913, the increase
OF resources of national banks is S1I,-
o,5, 100000, OF l07 per cent, in about
SIX years.
The controllers statement says, in
part:
Deposits on November IT, 1919.
were S17,467, ,S53 600, an increase ever
September -: 1919. of $TS6,2T1, 900,
ana an increase for the year, or since
November !, 1918, of $2.41S,3S0, 900.
The increase in deposits was about
billion dollars more than the in
crease in Loans for the year, the loans
on November II. 1919, amounting to
$ll 800, 242,080, an increase since Sep
tanlber IL, 1919, of s474,7s0,G ,G00, and
co hnr q
81 ,463, ,302. 2.OeO.
The proportion of loans and dis
counts Exclusive of re6iscounts) to
deposits on November II, 1919 was
be.lS per cent. as compared with &c. a.
per cent September IL, 1919. and 67.OS
per cent on November ], 1918.
shows Big Increase in Cash.
THE total cash on hand and due
from federal reserve banks Gnclud
ing lawful reserve and items in proc
ess of collection on November II
1919. amounted to S2.1SS, 755, 900, the
greatest ever reported, being an in
crease over September IL, 1919, OF
Sl4 4,342,o00, and an increase over No
vember 1. 1918, of s3s5,294,00G.
Circulation of national banks on
November II, 1919, was S6S0.S79, ,00O
REDUCTION over September i2, 1919, OF
$4,000 and an increase of $5,1S1 ,OOO
over November l, 1918.
&;"Total of bills payable on Novem-
Der II. 1919, WAS s1.062, 2,155,o0e, a re-
dnction of 81, 2,451, 900 since September
IL, 1913. but an increase as compared
70 November 1, 1918, of $124,31S, 900
The bills payable are largely based on
government securities.
The total amount of bills payable
exclusive of bills payable with the
Federal reserve banks, on November
IL. 1919. was only $56,199, ZOO, showine
/! the extent to which the banks now
restrict their borrowings to federal
reserve banks"
II. D.-1020 Certificate Series.
Secretary Glass today announced that
the total amount Of subscriptions for
Treasury certificates of indebtedness OF
Series I D:-1ez0. dated January 2, 1920
; maturing December Is, 1890, was s7o3.
0.6. 900. The certificates bear interest
| at the rate Of y per cent. and the sub
s:riptions closed on January l6, 1920
The subscriptions were divided as fol-
lows: