Evening star., 1922-06-17
US. SAVINGS BANK
TO PAY BIG EXTRA
Regular 4 and 5 Per Cent
Special-Park's Surplus
Is Now 100000.
BY I. A. FLEMING.

Prosperity of two uptown savings
banks is indicated in the news or the
morning, and their excellent showing
has been. in a measure. the record OF
the well managed savings banks OF
this city. The United States Savings
Bank, at 18th and U streets north
west, is making steady progress to
higher success than so far attained.
1t pays is per cent regular annual
dividend and has just declared the
July / distribution of per cent.
On top Of this the conditions Of the
bank warranted, in the opinion OF
the directors an extra dividend OF
5 per cent, which has been declared
and will be paid with July I. making
per cent on a capital OF $l00,Ooo
for the current quarter. The bank
has recently added $4,000 to its sur
plus.
posits May 5.
Park Savings "Gold Mark"
The second bank. the Park Savings
located little farther up 18th street.
has been making strides for many
months until its deposits now total
$2,38S,9s6.
At a recent meeting of the direc-
tors of the institution S25.OoO was
voted from the undivided pronts TO
surplus account. making matter OF
100000 n>w in the surplus. every
dollar earned. so that the surplus now
equals the capital and entities the
bank to a gold mark.
There is a big difference between
paid in and earned surplus. although
both are entitled to be called sur
plus"
Personal Mention.
c. W. Warden. vice president of the
Springs. Va. in attendance on the
Virginia bankers convention. or rather
has been.
John Poole. president of the Federal
National Bank. remained over from
the District bankers convention to the
session Of the Virginia convention.
Calling More Millions.
Secretary Mellon this morning called
on banks holding proceeds of the June
sale of certificates to pay into their
respective regional banks the balance
of said proceeds by Tuesday OF next
week The last call took most OF this
money, but there still remained $20.-
O0O. 900 which will be drawn out on
this order. There still remains the
June Is proceeds on deposit.
W., b. & A. Meeting.
Directors of the Washington. Balti-
more & Annapolis Railroad Company
will meet on Wednesday to take ac-
,tion on the dividend for the quarter
The preferred dividend is per cent
per annum and there is usually a
per cent declaration on the common
shares quarterly, but this is not con-
sidered as regular distribution.
Federal Reserve Ratios.
Looking over the ratios of reserves
to liabilities of the various regional
reserve banks. We find New York
city the strongest, this despite the
activity in stocks and bonds, with a
percentage of 81. which is entirely
toe high. and should at once warrant
Az to 4. or even lower. Atlanta
one of the original frozen" credi-
tor Institutions has sS. per cent. Chi
cago, 79.9 per cent. while Dallas. an
other frozen" region. is low with
64-9 per cent. The percentage of the
system is IA per cent, and Richmond
is IA per cent better than the aver
age.
Bank Clcarings Increase.
New York bank clearings increased
s2S0.23T 900 yesterday, Chicago. $1S,-
S04.95s. and Philadelphia. s15.5o7.2S3
Branch Banking Expanding.
The Fourth National Bank of At
lanta, Ca, announces that it will open
four city branches. Still there's
more to follow.
Extended to June Is.
In order to facilitate the exchange
of Az per cent victory notes for q
: Treasury notes. the time for the ex-
change will be extended to June %,
inclusive.