Evening star., 1922-02-18
BANK RESOURCES
SHOW INCREASE
Condition of Depositories in
:: December Declared Very
Satisfactory.

resources Oh the HatlOlldl udHhs
of the country, exclusive of redis-
counts amounting to s19.42o, 000,0
at the last call on December 81.
showed an increase of S406, 1000, 900
over the previous call. in September,
according to analysis issued by
Controller of the Currency ID. r.
Crissinger
The condition of the national banks
in December, ne described as very
satisfactory and called attention to
the fact that until September their
resources had more or less steadily
declined from their peak of S22,711,-
100000 in December 1919.
Conditions of the national banks
as reported by Mr.. CriSSinger, were
said i'll a formal statement issued by
the White House to show the most
. satisfactory turn in the financial af-
fairs of the country that has been
registered by bank statement since
the conclusion of 1919 /,
Frozen Credits Thawed.
ut demonstrates" the statement
contiucd, that the process of liquida-
ton has been proceeding at such an
excellent rate that it may fairly be
getting the frozen credits thawed
out. In this regard. indeed, it is by
far the most satisfactory showing
that has been made since the phrase
frozen credits was invented"
Loans and discounts of the national
banks on December 81, 1921, exclusive
of rediscounts of S523, .OOO amount
ed to S10.9S1, $4,000, an increase over
the amount reported September s.
1921. of S4,I690OO but a reduction
compared with the amount on Decem-
ber 20, 1920, of S1,113,512,O00. Cash in
vaults amounting to S341.S11 900 was
reduced between September and De-
'cember 81. 1921. by s15,9S7.000. while
the reduction since December 29, 1920,
was $152, 900
Individual Deposits Up.
Individual deposits. exclusive of
United States government deposits
- OF SlSS ,0S9,0O0. amounted to S12,356,
2il.00C, and were greater than the
amount reported September s. 1921
oy 3o2.sl1 900. hut a reduction since
December %, 1920, of s7S0,141. 900. The
aggregate of all deposits was $15.-
oi5, 100000, or S514..5O. 600 more than
on september b. 1921, and Sl,202. .655,
600 less than on December %, 1920
The liability for circulating notes
on December 81, 1921, was $717475
Coo- an increase over September of
- Sl2,SO5,0 goo. and an increase over De-
cember %. 1920. of s23554OOO. The
liability for bills payable and redis-
, counts was reduced between Septem-
her and December 81, 1921, by $780,
$4,000, the reduction in the Twelve
ntonth period being s1,322,734,0 900. On
December 81, 1921. these obligations
amounted to sl.O19.929.
Excess of Requirement.
On December 81. 1921. national
banks had lawful reserves with the
federal reserve banks to the amount
OF $l,l45,259, ,00o, which was $S6,S75,-
900 in excess of the legal require
: ment.
1T must be borne in mind" the
White House statement said, that
erably less than half of the total
banking capacity of the nation 1t
is. therefore, safe to assume that the
state. savings, and private banks, and
trust companies have experienced the
same turn in the tide that is noted in
: therefore conclude that the figures
for national banks may safely be dou-
bled in order to get an approximate
representation of the situation as to
the nation e
g.. Liquidation Peak Passed.
Under any analysis. the figures in
dubitably demonstrate that the peak
of liquidation and consequent depres-
sion was passed somewhere between
September 6 last and December 81
last, and that the tendency has been
steadily toward improving business
and less reliance of business upon the
support of the banks.
"Of precisely like tenor are recent
advices from the War Finance Cor
poration, which reports a progressive
liquidation of it's loans and a general
Improvement of conditions in the
agricultural industry. Recent stabil-
izations of prices for agricultural
staples have brought the farmers to
the point where they are able to real
ize something at least appcoximating
rcostS of production, and can look for
Tsvard hopefully to still further i'm
provements in no very distant fu-
ture.