Evening star., 1921-07-05
BANKS ARE ASKED
T0MAKE REPORT
June 80 Date Named-Money
Movements Between Calls.
Wants $22,0O0,0OO.

l.. II. Crissinger. controller of the
currency, called upon all national
banks and upon all banks in the
District Of Columbia to make re-
9ort OF their condition. as at the
close OF business Thursday, June 80.
Inc last previous cali was for April
20. Since that time the deposits OF
the local banks have been greatly re-
duced through the very heavy Nav
TAX payments, real, personal and In
tangible: The second annual INSTALL
nent OF income and excess profits
taxes also made a heavy draft on de-
posits, while the issuance OF the Nav
and June Treasury certificates proved
very attractive to individuals and
also 70 banks as Offering a safe and
splendid opportunity for investment.
against these heavy drafts, there
were credited to depositors the semi
annual interest on savings deposits
June 80. amounting to over s46o 0oo
moreover. May and June were months
OF saving. thrift months. and deposits
increased very materially
1t VIII take the final figures to tell
Whether or not the losses for the rea-
sons named have been fully made IN
and whether the net figures at the
close OF June 80 will show a loss or
gain. The savings banks will un-
questionably show an increase; the
national banks. with heavy govern
ment sn; deposits on hand. may make a
slight increase. but the trust com.
panies. according to the best informa-
tlon available. will show losses, and
some OF the national banks will also
report decreased deposits
-. National banks holding proceeds of
IL nf
ana short-term notes, have been noti-
ned by the Secretary of the Treasury
TO pay into their respective regional
banks per cent of said balance, pay
ment to be made today.
This will take about $22. 900, 900 out
of the banks.
A. 1. b. Convention.
Eleven members of the Washington
Chapter. American Institute of Bank
ing, have secured reservations on m.
special train that leaves here July
l6 over the Baltimore and Ohio rail-
ROAD Tor Minneapolis. where the an
nual convention of the American In
stitute OF Banking will be held, July
accompanied by their wives and
daughters. and their party as ar
ranged at present will include: Mr..
and Mrs. Edward ]. McQuade, Mr..
and Mrs. F. G. Addison, jr.; Mr.. and
Mrs: r: E. Pollock. Mr.. and Mrs. w.
J. Waller: Mr.: and Mrs. n. E. Tow
son and Miss Towson, c. D. Boyer, A.
R. Narela. w. A. Dexter. J. c. Dulin.
A e. Fisher, G. A. Herman.
Mr.. McQuade, a member of the
executive council of the fifth federal
reserve district, is a member of the
program and resolutions committees.
and, according to him, the forthcom-
ing convention will be one of the
most elaborate held in the history
of the organization.
The delegation from Richm ond, Va.
will arrive in Washington in time to
join the Washington bankers on the
clude representatives from the New
York chapter, several hundred dele
gates from the east will arrive in
the western city together.
Personal Mention.
Peter A Drury. president of the
National Bank, returned
TO the city today. after a weak end
chased sixty-acre estate in Ioudon
county. Va Valley View is the name
Of Mr.. Drury's new summer home.
and it is situated on one Of the rncst |
peaks Of the Blue Ridge |
mountains. overlooking the varey.
Thomas NJ. Gale. and. according to |
many Washingtonians who rave
visited there. is one of the most !
in the mountains Of V:r-
ginia- A nine-hole golf course is
one of the attractions of the place. |
and the local banker said today that |
he was fast mastering the intricacles
Of the ancient Scotch game. IT Is
the intention OF Mr.. Drury to stock |
his preserves with prize cattle and
wild game. and a trip through south |
ern Virginia and MARYLAND will te |
taken by him next weak with the |
view 'of selecting specimens from
the well stocked farms of these |
states. The price paid by MIR. Drury
for his new home was approximately |
s60,0c0.
Small buys in Washington Railway |
Ind Electric preferred and Washing
:on Gas Light stock constituted the |
on the local stock exchange |
:oday. Two shares of the former were |
Ii isposed of at 81, while nine shares |
If the gas light stock changed hands |
It 43%.
In the bond market one $1,000 Wash |
ngton Gas Light 5 sold at 76H, and |
.hree $500 Of the companys bonds of l