The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1922-09-09
BANK RESOURCES
5SHOW INCREASES
s529. 100000 More Than Re-
ported ON May 5-Liabili-
ties Reduced.

kACS xtCuoSSo
Washington, Sept. - Re-
sources of the national banks OF the
! country, amounting to s29,7e6.0e8.-
900 on June so, showed an in
crease of 1929. 900, 900. over the May
5 call and an advance of S1SS,.
100000 over June 80, 1921, accord
ing to an ANALYSIS Of returns fal
the last bank call, issued tonight by
Comptroller Of the Currency Girls
singer.
Between May and June 80, he
stated, resources of national banks
in each federal reserve distric:
we're Increased, with the exception
! Of banks in the Atlanta district
which. showed a reduction Of So
$4,000, the amount Of increase
ranging from sS2s,090 in the Dali
/ las district to s273,162,o0e in .the
New York district.
! Loans and discounts. including
rediscounts, on June 80 amounted
| to s11,24S, ,o00,00 an increase
since. May 5 OF s64,090,00G, but 9
reduction since June. 1921. OF
s756, 100000. Holdings of United
States government. securities
amounting to s2,2S5. 100000 or
June 80, increased by $3.50, eco, 200
during the year and by $4,000, ,00t
since Nay 5, 1922. Other securities
held. aggregated s2,277;000,000 or
June 80, an increase of s115, 5,G00,-
1000 over May 5 and Of s272,000,-
j 600 over a year ago.
a tendency to carry less cash 1.
the. vaults of the banks was re-
ported. the amount on June 80
standing at s326. 600 900, which
was a decrease of s8,oo0,009 since
!, May and a decline of s4S,000,00t
since June last year.
Balances due from banks and
| bankers. including lawful reserve
aggregated 1926, 900, ,00o on June
80, an increase of s74,9e9,0o0 since
May and 500, 100000 since June
1921.
/ Capital stock OF the banks on
June 80 stood at s1,307, 100000 o,
$40: soc, coo more than on May
and ..$33, eco. 600 more than IL
June. 1921. Surplus and undivid
! ed profits of s1,541. 900, 900 on June
80 -was. $4,000, 900 greater. than q
year ago. but showed a REDUCTION
!; of s22soe0,000 since May, :attribut
edf TO payment Of dividends at the
close Of the six months period.
National bank circulation out
standing on June 80, amounting te
100000, was reported as the
greatest. OH record. ansinerease OF
s5,000,0 600 since May and an ad-
vance of s22, coo, 600 over June q
year ago.
i The total deposits Of nationa.
banks on June 80 aggregated s13,.
36s, ,9o0;0e0. an increase since Ma.
of 1854 100000 and since June 3
year Ago Of $1.I7S.000.0g0.
Liabilities to other banks an6
bankers on June 3 was s2,953. .000,.
! 600, a reduction since May Of SAT-
900, GOO, but an increase since june
1925 of s4e5, 100000.
/ Bills Payable
The amount of bills payable nn
Jane 80 was 1928. 900, 900, while
rediscounts amounted to $3.50 cur
600. the combined reduction OF bi,,..s
payaBe ard reGliscounts since MAY
being 1875. .ee8, ,e6e and. since June !:
year ago s963,888. 600.
The decided reduction" Mr.
! Crissinger said ..in the liability u
national banks for bills payable
Representing all obligations for Dor.
rowed money, which took place II
the fifteen months preceding JUNE
80, 1922, together with similar re.
duction on account of rediscountec
paper, is evidence of the fact ..ha,
+ our national banks are standing
on their own stilts.' so to speak
are in a strengthened position, ::nd
/ abundantly able. and are, in fact
in a better position 70 take care OF
the requirements of commerce ani
industry made upon them than the,
| have been at any time since the
signing OF the arrnistice." -
The number Of reporting banks
on June 80, he added, was S,24;
, which was ninety-riHe more thar
year ago, while the percentage fet
loans and discounts to- total aepes,
IT'S ON June so was 6S.92, compared
| with 1898 on, May and win e Il
per cent on June 80, 1921. -