The Washington herald., 1922-06-25
FIN a N CIAL
NATIONAL BANKS
RESOURCES TOTAL
S2O,l76,6%,OOO
May 5 Statement Great
er, With But Two
Exceptions.


porting national banks at the close
Of business May 5. 1922, were $780,
176,64s.000. and were greater than
at the date of any previous call
since April 2s. 1921. with but two
exceptions, the amount OF reduc-
tion since the latter date being
s3S3.607 900 and since June 80, 1921.
the decline has amounted to S341,-
214.eOO. according to statement by
Comptroller Crissinger.
The continued liquidation of
loans and discounts. with an ap-
parent tendency to increase hold
ings Of United States government
securities, and other miscellaneous
bonds and securities, with eorre-
spending reductions incident to
liability for borrowed money and
rediscounted paper, and a notice.
able increase in individual depos-
its. appear to warrant the conclu-
sion that our national banks are in
condition to render ample assist
ance to the merchant, the agricul-
turist or whomsoever may have
legitimate demand for financial
relief.
Between March 10 and May 5,
1922, the loans and discounts, in
cluding rediscounts of national
banks, declined SsS,463. 900, and on
the latter date amounted. to S11.-
lS4,116,000, while the reduction in
the year. or since April 2S, 1921,
was s1.172.514.0O0.
Holding of U. $. Securities.
The holdings of United States
government securities. May 5, Of
which approximately $732, 1000. 900.
were pre-war issues of United
States bonds deposited to secure
circulation, amount to S2.124,6s1 900
and were S93.127, 900 more than re-
ported March 10. 1922, and S122.-
Ss0.O0O more than on April 2s. 1921.
Other bonds and securities were
held to the extent of S2.162. .5S7 900.
an increase over the amount of the
preceding call of $75,991. 900. and
an increase over the call of a year
ago of s17l,617.OOO.
Balances due from other banks
and bankers, of S2,7OO,Ss4. 900 on
May 5. were s26,SsS. 900 in excess Of
and s33S.613.0O0 greater than on
April 2S. 1921.
Cash in bank amounted to 1884,
$4,000 May 5. and was less than
the amount held April 2s. 1921.
and March 10. 1922 by s67.719, 900
and 1851 900, respectively.
Incident to an increase since pre-
ceding call of SO, in the number of
reporting banks May 5. 1922, which
was $3.50, capital stock was in
creased to the extent of S6.692. 900
and amounted to 1926. .220, 900. The
increase in capital stock was in
creased to the extent of $685.. 900
and amounted to 1926, $4,000. The
increase in capital stock during
the year was S24.s35,000. Surplus
and undivided profits were in
creased by s1S.163,O0O between
March 10 and May 5. 1922. and was
aggregated 1885,, 100000 on the
the year was s16,9s2.000.
OutstandIng Notes.
The liability for outstanding cir
culating notes on May 5, 1922. was
1920 $4,000. which was s1.414.OOO
more than on March 10. 1922, and
an increase of S41 100000 since
April 2S. 1921.
The deposit liability of national
banks or May 5, was s15,766,9SS,-
900. an increase of S376,550, 900 since
March 10. 1922. and an increase of
S9l5.l2S.0O0 since April IS. 1921.
Of the aggregate deposits, $685.
SCI 900 represented balances due to
other banks and bankers, including
certified checks and cashiers checks
outstanding; sS.s49. .O45.O 900 were de-
mand deposits, including United
States deposits, while time deposits.
including Postal Savings. amounted
to S3.91S.2S2 900. Between the
dates of the last two calls. indi-
vidual deposits were increased
S341,194. 600 and subsequent to-
April 2s. 1921. the amount Of in
crease was $685.. 5.17S.OOO.
Noticeable reductions are regis
tered in connection with the liza
bility of national banks for bills
payable. representing all obliga-
tions for borrowed money. and liza
bilities for rediscounts. The amount
of bills payable, May 5. was S24S.-
$4,000. a reduction since March 10.
1922 OF s26,4OS,0O0, and a reduc-
tion since April 2s, 1921. of s473.-
265.OOO. Rediscounted paper to the
amount of S2S5. $4,000 May S. 1922
was less than on April 2S. 1921 and
March 10. 1922, by S7O3,616, 900 and
s37.797. 900. respectively.
The percentage of loans to de-
posits May 5. 1922 was 1898 COM
pared with 1881 March 10. 1922
and $500 April 2S, 1921.
The desirability of maintaining
adequate lawful reserve with Fed
eral Reserve banks, in accordance
with the requirements of Section