Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1922-03-16
BRIGHTER OUTLOOK
IN NORTH DAKOTA
In BANK REPORTS
Increased Ability Of Private
Banks to Meet Obligations
and Activity Of Farm Loan
Department Reflected in
Sentiment Of Bank Of N. D.
Farm Loan Applications
Now Exceed Limit Now
Possible to Make.

Bismarck, N. D. March 15.-Spec-
ial-Increased ability of private
hanks of the state to meet their OBJ
legations. an increase in cash reser-
yes and activity of the farm loan de-
partment of the Bank of North Da-
kota is reflected in the statement of
the banks condition as of March 10.
1922, made today by G. r. Green,
manager of the bank. The state
ment is made as of the same date as
called statements from national and
state banks. it being the announced
intention Of Mr.. Green to- follow the
call Of the comptroller of the cur
rency in making statements of the
condition. of the Bank of North Da-
kota. si =. .g:r
Z Real estate loans are being ap-
proved at the rate of $4,000 to
$4,000 a day, according to the
statement of W. B. Default, mana
ger of the farm loan department,
which is made part Of the bank
statement, Mr.. Default says the
bank expects to appraise and approve
loans at the rate*of one-halfs million
dollars per month, hereafter and
& hope to be- able to; increase our cap
!acity beyond This amount, 4 1..s&s=
The Bank of North Dakota, the
statement shows, has advanced
$S5O.OO0 to the farm loan depart
ment, pending receipts of money
from bond sales, which now will
come regularly. IT, ...u. l. s~
The bank statement shows that
banks of the state have reduced their
obligation to it since last statement,
as of December 81. 1921, by 1884,
604.27,. or from $4,096,S07.00 to
$3,762.202.73. ia. 49,.
The discount paid on bank
bonds sold by the former state ad-
ministration is shown by the report
to. be s141,841.40. No attempt is
made by the bank to change. the
method of making the statement in
many respects from the former ad-
ministration pending the audit re-
port, on the bank. ....
The $141,0OO item is carried as a
resource Of the. bank.
Among the resources of the bank
which indicate losses to be sustained
in greater or less measure are the
following: due from closed banks
in loans, $491,790.40: redeposits in
closed banks, $997,903.73: discount
on bank bonds, $141,841.40;' inter-
est earned (net) uncollected $685.
561.22. Profits are listed as $780,
969.21. .s.; go.
In comparison with the Dec. 81
report it is shown that, loans to the
Mill and elevator and Home Build
ing Association show little or no
change but there is, an increase In
the amount loaned to state institu-
tions from $170,O04.74 to $406,716.-
16, being advances chiefly made be-
cause Of deficiencies in the funds of
the educational, penal. and charitable
institutions.
The total footings OF the bank
show a shrinkage from $9,456.237-
20 on December 81, to. $9,291,706.40
on March 10. .S5s .,@. Is,
1 Total deposits from public corpor-
atiOns are shown in comparison with.
the previous report as follows: pub
lie, Z deposits, sinking funds, Decem-,
bers 81, $1.316,396.l1; March 10.
$1,ll2,213.76: public deposits,
state treasurer and institutions Dec.
81 31,$$2,358,259.47; March 10, ST..
884,952.69; from county, city, etc.
Dec. 81, $1,287,684:13;s.
March IA. !. S$l.844,611. 20. 4. s
SRSS S$s$SS3 Farm Loan Department sra
4 4. The fatm loan department is
Bwsmped with applications, accord
ing to Mr.. DEN q report. Total
HkSsa