Evening star., 1921-07-06
FIGURES MAY SHOW
DROP IN DEPOSITS
Indications Point to Slight
Decrease in Totals for
Local Banks.

Based on figures received so far to-
day indications point to slight de'
crease in total deposits by local oanKs
and trust companies as of the call OF
the controller of the currency at the
close of business, June 80. over the
amount of dercsits on hand at the
time OF the last call, April 2S, but MOI
until a full compilation has been COM
pleted can this result be Verineo.
Increase I'm Borrowing.
Interreserve borrowing Increased
Ss,13s,000 last week, and now stahos
at s47.s75. 900, as compared with $780,
s1a 600 for tho corresponding week
last year, according to a statement
There are now three borrowing re-
serve banks. as comparea ,ond WIN is al
present the largest borrower. OWING
o4q74 900 where at the same PERIOD
in 1920 Chicago held like positlon'
owing $24,974,000. st. Louis held tne
lowest reserve ratio at tnls time Ias'
wear. while Dallas occupies that posi-
New York has made the greatest I'm :
movement during the year. Its reserve
ratio at 70.7 per cent compared with
ss.s per cent year ago: . .,ue
increase in volume of interreserye
borrowing during recent weeks. IT
is pointed out that there has oeen a
steady increase in strength OF the
system as whole. To illustrate:
On December "a the reserve ratio for
the system stood at 45.1 per cent.
fourteen weeks later. on March 20
the reserve was sos per cent. a gain
of ST points. In the fourteen weeks 8
following March 25 the gain IN
ratio was exactly ten points. I'M
provement therefore, is proceeding
more rapidly now than it did In the
early part of last year.
Unclaimed Balances.
To the frequent inquiry. What be-
comes of unclaimed balances: the
Wall Street journal has this to say:
practically every bank has a certain
number of these dead accounts.
While amounts in most cases are
York city has such deposits aggre-
eating more than 100000.
"A depositor Of large trust COM
pany in the metropolis more than
fifteen years ago opened an account
Of $4,000 Since that time the COM
pany has neither seen nor heard from
him. out his balance remains un-
touched. Although 1t is not legally
Obliged to, one New York bank has
carried these unclaimed balances in
some cases as long as n1ty years.
Personal Mention.
Robert v. Fleming, vice president
and cashier of Riggs National Bank,
returned to the city yesterday after
noon after spending the triple holi-
day at Cape May, n. J. Vice Presi-
dent Joshua Evans. jr.. arrived at
the bank this morning after being out
of the city over the Fourth Of July.
Harry v. Haynes. president Of the
Farmers and Mechanics Bank of
Georgetown. Is spending a vacation
with his family at Ventnor, N. J.
Bond Market Active.
The disposal Of fifty shares of Cap
ital Traction. in lots of five shares
each at prices ranging from IS to
S5x: four shares of Washington Gas
Light at 43S. together with an ex-
tremely active bond market. featured
the business on the local stock ex-
change today.
Five thousand dollars worth Of
Washing gton Railway and Electric As
cold at 611s. while $4,000 worth
Of the companys general per
cent bonds changed hands at 49,
There was also considerable trading
in Potomac Electric general maturity
IS. $11,100 worth Of these bonds SELL
ing at 95h. while after call one of
tho company's $1,000 6 per cent debent-
ure bonds brought 80.