The Washington herald., 1922-03-14
D.C.BANKS SHOW
DEPOSIT GAINS ON
CRISSINCER'S CALL
Washington Institutions
Expected to Make Best
Showing in Years.
OTHER LOCAL NOTES
Mellon Calls for IS $3.50 Of
February Issue-Mergentha-
Ter Features Locally.

Comptrollei of the Currency D.
r. Crissinger yesterday made his
initial call for the current year. ask
ing all national banks and every
bank In the District Of Columbia
for statement of condition as Of the
close of business Friday March 10.
The previous call was dated Deem
bar IL. 1891.
The local banking position Is now
probably in better shape than for
several years insofar as deposits are
concerned. In the period embraced
by the call there have been fewer
drafts on the banks for proceeds Of
Treasury issues. At the same time
credit conditions have become much
easier with its resultant food Of
Idle money. This to a great extent
has found its way into the banks.
drawing interest at various rates.
Riggs National Bank will report
a gain in the neighborhood of ST.
100000. while the American Secu-
rity and Trust Company reports a
gain Of s1.74s.l33.66. The American
National enjoys an increase Of S57s.-
GLASS. and the Federal National re-
ports a gain of s553.155.53. The
Farmers and Mechanics Bank of
Georgetown gained s125.7s2.s2. and
Liberty Nationals deposits increased
by s297,217.o5. The District National
will show an increase Of spproxi-
mately 100000, while the Dupont
gained s177.55s.os.
wholesome increases for the period.
CifiRanas SaVinOa rannrfa Ooir NJ
s25s.s07.5s; the Bank OF Commerce
and Savings a gain Of over $4,000.
and the Anacostia Bank gained APP
proximately $4,000. The Merchsnts'
reports a gain of sss0,s1s51.
. Call fer Funds.
Secretary of the Treasury yester-
day called on all national banks hav-
ing proceeds OF the February 1 sale
Eional members by Wednesday next,
IS "a per cent of such funds to the
credit OF the Treasury.
The total issue was to the. amount
of approximately sso1.5ss, 500, issued
in one year AZ per cent certificates,
and three-year AZ per cent notes
Local Securities
Heavy selling in NergenthaIer
Linotype at rising prices featured the
Washington Stock Exchange session
yesterday. This issue which was
traded in mostly in 10-share lots,
opened at 14s, avancing steadily to
14sA. at which price II closed.
Sales OF $500 Washington Gas
714s at 1o5k and 1o5%, and 10
shares Of Washington Railway and
Electric preferred at ssS, concluded
the session.
A. 1. b. Notes.
The regular Tuesday night eIemen-
tary class meeting Of the American
Institute of Banking will be dispensed
with tonight, the open meeting to
be held next Monday night taking
its place. There will be no session
next Tuesday night for the same
reason.
Stock Exchange Banquet.
Rapid progress Is being made by
the committee in charge Of arrange
ments for the annual dinner to be
given by the Washington Stock Ex-
change at the New Willard Hotel
April 1, according to Eugene E.
Thompson, OF Crane, Paris and Com
pany. Mr.. Thompson said yesterday
that the affair would surpass any
thing Of its kind ever attempted by
the exchange and that the list OF
speakers, which will be announced
shortly, would contain men of ma
tional reputation.
W. W. Spaid, Of Hibbs and Com
pany. chairman of the entertainment
committee, Is in New York on a
business trip. and 1t Is said that
while there he will personally in
wife many Of the most noted fiaan-
ciers Of the country.