New-York tribune., 1922-11-06
Bank Resources
Snowy Year'sCa
OF Over Billion
Deposits Also Increased by,
1927, ,449, 900, According!
to Statement Issued by.
Comptroller of Currency.
Prosperity Era Predicted;
New Record Marks Shown
for Circulation i'm Naiion-
al Financial Institutions
From The Tribunals washt~gson Bayeo~

From The Tyibaas's Washtsgton Bsyeox,
WASHINGTON, Nov. 5.-~The total
resources OF national banks September.
is, 1922, were si,2oe,92s,ooo greater.
than September 8, 1921, and Deposits
also increased ss27,449, 900 between
the two dates, said Comptroller of the
Currency Crissinger in publishing to-$
day the summary Of the reports rec
ceived from the s,240 reporting na-
tional banks as Of September 10, 1922
Continued improvement in the coz
dition OF our national banks is re-
fected in the statement compiled by
this bureau from the reports submitat,
as OF September 15, 1922. This state
ment compared with the statements Jas
Of June 80, 1922, and September.
1921. shows that our national bangs
have materially strengthened their
are now in better position to respond
to the financial needs OF our indhs~
tries than at any time since the be-
ginning of the defation period. 4s
I'm this connection 1t Is well to nete
that the total Of resources of national
hanks reached the highest point in
the history of the national banking
system December 81, 1919, when tidy
totaled s23, 3,sa4,sT4,ooo. Loans and dis
counts. including rediscounts, how
ever. did not reach the highest posns
until November Is, 1920, when they
amounted 60 Sl3,7s.,72l.ooo- Between
Of loans steadily decreased and sdn
tho last mentioned date they had
dropped TO s11,1S4,f 900 -
ut will be seen that the liquidation
in the amount of loans and custom erss
acceptances has been largely offset
by decrease in the amount of bills
payable, rediscounts and liabilities for
ecceptarces, and in view of the COR
ditions shown in the September IS,
1922, statement, together with the fact
that ell channels of commerce now ap-
pear to be active, following the recent
industrial depression. there is every
reason for the expectation that we are
now at the beginning of an era of
prosperity"
In statement showing the condition
of all national banks as of September
10, 1922, compared with June so, 1922,
and September 6, 1921, the reduction In
loans and discounts, including redis-
counts, since June 80 was $l2,1s9, ,00o,
and the reduction since September 6,
1921, was s446,s67,O 900. Investments In
United States securities increased
S117,03s,ooo since June so, 1922, and
s540,515,000 since September 8, 1921;
other bonds, stocks, securities, etc, in
creased s11 ,e16,000 since June 80, 1892
and $Sis,oss,ooo since September as,
1921: due from banks and bankers in-
creased $685., ,9e7 900 since June 80, 1922
and S639,153,000 since September 8,
1921; total deposits increased s27s,1as,-
600 since June 80, 1922, and s2,03T ,9i0.-
600 since September 6, 1921; bills pay
able and rediscounts decreased S7s, s,42s,-
600 aimee June 80, 1922, and s827, 7,44s, 900
since September 8, 1921. and liability
on account Of acceptances also showsa
decided reduction between the two
dates. New record marks are shown
for national bank circulation and time
deposits. lse