The New York herald., 1922-06-25
NATIONAL BANKCALL.
SHOWS MONEY EASY
Comptroller Cressinger's Re-
port Encouraging to All
Business Centers.
DEPOSITS Arb GOING UP
Resources Are Increasing and
There Is a Decline in Loans
and Discounts.


special Dispatch to THE New YORK HERALD.
New York Herald Bureau.
Washington, ID. c., June "a.
Reports of condition Of national
banks. compiled by Comptroller of the
Currency d. r. Crissinger. on the basis
OF the bank call of May 5. show there
Is ample money and credit to meet all
the demands Of business. industry and
agriculture.
Bank resources and bank deposits
are going UP, as are the reserves of
all national banks. This means easier
money and easier credit facilities for
all legitimate business demands.
Resources of the national banks are
above twenty billion dollars, the highest
point on record with two exceptions
during the period of imitation following
the war.
Comptroller Crissinger makes the fol-
lowing Interpretation Of the figures
1.-THE continued liquidation OF loans
and discounts, with an apparent tend
ency to increase holdings of United
States Government securities and other
miscellaneous bonds and securities, with
corresponding reductions incident to la
bility for borrowed money and redis-
counted paper, and noticeable increase
In individual deposits appear to war;
rant the conclusion that our national
banks are in condition to render ample
assistance to the merchant. the agricul-
turist or whosover may have legitimate
demand for financial relief.
RedfscOunts Decline.
Between March 10 and May s, 1929.
loans and discounts, including redis-
counts of national banks. declined $685.
$4,000 and on the latter date amount
to s11.1s4. 900, while the reduction
In the. year, or since April 2S. 1921, was
S1,172, $4,000.
"The holdings of United States Gov
crnment securities May 5, Of which ap-
proXimately s732. 100000 were pre-war
Issues Of United States bonds deposited
TO secure circulation. amount to S2,124,-
$4,000 and were 93.127, 900 more than
reported March 10, 1922, and s122.SS0-
600 more than on April 2S. 1921. Other
bords and securities were held to the
extent of $2162.5S7,000. an increase
over the amount of the preceding call of
s75,991,000 and an increase over the call
of a year ago of S171.617.000.
Cash in bank amounted to 1884,
100000 May 5. and was less than the
amount held April 2s. 1921. and March
10, 1922. by s67,719,O0O and 1851, 900
respectively.
The deposit liability Of national
banks on May was 1876. 9ss. 900, an
increase of 1915, $4,000 since March 10.
1922 and an increase of 1915, 10000
since April 2s. 1921. OF the aggregate
deposits $2.999, ,661.0 represented BAL
ances due to other banks and bankers.
including certified checks and cashiers
checks outstanding $S,s49.045.000 were
demand deposits.o including United
states deposits, while time deposits,
including postal savings, amounted to
FS,9lS.2S2,0 900. Between the dates of
last two calls individual deposits were
increased s341,194,000 and subsequent
to April 2s. 1921, the amount of increase
was $325,17S,000.
Bills Payable Reduced.
Noticeable reductions are registered
IN connection with the liability of ma
tional banks for bills payable. repre-
senting all obligations for borrowed
money, and liabilities for rediscounts.
The amount OF blls payable May 5 was
$2iS6S7, 900, a reduction since March 90
1922 of $26.40s.OO0. and reduction since
April 2s 1921. of $i73, COO. Rediscounted
paper to the amount of $685., 80, 600 May 5,
1922 WAS less than on April 2S. 1921, and
March 10, 1929, by $703,6i60O0 and s37,-
$4,000 respectively.
"The percentage of loans to deposits
May s. 1922. was 1913, compared with
1881 March 10, 1922. and $500 April 2s.
1921.
1.-The desirability of maintaining ade-
quate lawful reserve with Federal Re-
serve banks. in accordance with the re-
quirements of Section 19 OF the Federal
Reserve act, Is manifested by the re-
turns. which show that an aggregate re-
serve of national banks in each of the
twelve Fedora Reserve districts was In
excess of the required amount by
1881, ,229 900. The amount OF reserve re-
quired against deposit liability WAS
s.. .0S9. $4,000. while the actual amount ~
reserve with Federal Reserve banks was
81, ,150, $4,000. National banks in the New
York district reported the largest
amount OF excess reserve. S2i.533. 600;
the next largest amount of excess re-
serve, $5,.J9. 000 was reported by tho
hank excass reserye of 81 O02 OOO