Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-01-05
State BANKS RESOURCES
TOTAL s36,602,432 HERE
Examiner Richardson Reports Dc
positS in City Amount to
$22,322 ,OG3.
1873 PUBLIC DEposlToRIEs
Citizens Have i'm This Number OF
Institutions S213,04i,790.0f, In
crease Over Same Ten Months OF
Last Year of Over $14, 900.

Notwithstanding the general policy
of dcnation the State banks through
year; according to statement made
public yesterday by +. b. Richard
son. Chief Examiner of Banks for
Virginia. Total resources OF the
Der Is. were s36. while total
deposits on the same date were S22.
32..0G3.9l.
While deposits from January / TO
November Is. 1920. show a slight de-
crease it may he noted that total re
sources have Increased during the
same .period from Si??.436.@SS.5i 10
S2ls,9il. 1851. Loans and DISCOUNTS
Sl49.9Oo. llI.96. while bills payable
and notes rcdiscounted only increased
from $3,2l6.6a7.64 TO Sl3,i97,SS2+i.
Increase In borrowed Money.
money is si.2Si. lS5.S so. while loans
and discounts. bills payable and notes
rcdiscountcd increased, the greater
portion OF the increase in loans and
crease in newly invested capital,
amouptinE to nearly si.00o,o0o. Il re-
duction in stocks and bonds and Il
reduction in the reserves held by the
showed 4 decline of more than So.
coo. 10000.
notwithstanding this reduction.
however. the total net reserve re
November IS. 1920, was GAS per cent
while the actual reserve carried by
the banks on that date averaged
1921 per cent The actual reserve.
therefore, was 237 times the reserve
required by law. There is a reduction
in ovcrdrafts of more than 100000,
comnarins those shown ,ood in r ;he
REDUCTION shows that the State banks
OF Virginia are giving more attcn-
ton To the ovcrdrait evil.
Increase Capital sa.ii:,i:6io.
During the period from January
tanks .nrsSased their capitai s,oak
$3,ll2,i25.ij, while the capital stock
to ss75,a4l.c0 The ne, Increase in
working capital OF the State banks of
Virginia is $3,3SS,3GT.45. The total
number OF banks doing business in
while at the date OF the November
call there were 33S, making a net in
crease during this period OF twenty
six ncw banks. During the year. only
national banking system. There haze
been three consultations OF State
banks with other state banks. and
one receivorShip. The dcpositors Of
hands OF receiver have all been paid
| in fun ~ the close OF the year
there are eighteen state banks which
are members OF the Federal Reserve
1 y '
Two denominations Ench Year.
1t is believed that the change in
the law. requiring two examinations
each year instead OF one Of all state
! banks in Virginia. has proven TO he a
wise provision. Due to the change
in the law. which became effective
july ]. 1920. coo separate cNamina-
lions have been made by this depart :
! mcnt.
The figures compiled in October
| l!2u by the secretary and treasurer
| Ni the National Association OF Super
Nisors o: State Banks show that there
"rre. on June 50. 1870 2.923 STATE
| banks in the United States with to-
tai resources Of S2?l9l.6iS,i3; while
on that date there were S.0a6 ma
| tIonhl banks i'll the United States
| Win tota! resources OF sa:.l3G,7S7.-
| VCo"n. The excess in total resources
! OF the state banking institutions
| over the national banking institu-
! i!ons j. nearly 5000, 100000. II is
| apparent from these figures that tn,
! state banks OF the United states ar,
taking care of. by TAR. the largest
hunher OF d"oosi;ors OF this country