The New York herald., 1922-09-05
CONDITION OF BANKS
IMPROVES STEADILY
Crissinger Report Shows Re
sources of National Insti-
tutions Up S529,O00, 900.

WASHINGTON. Sept. 4-Resources OF
the national banks OF the country
amounting to s20.7O6. OoO.0o on June 80
showed an increase OF $500. 900. 900 over
the May c@li and an advance OF s1Ss.
100000 over June 80, 1921, according to
an analysis OF returns for the last bank
call issued tonight by the Comptroller
OF the Currency. Mr.. Crissinger.
Between May 5 and June 80, re-
sources OF national banks in each Fed
eral reserve district were increased with
the exception of banks in the Atlanta
district. which showed reduction OF
s3,4Ss. 900. the amount OF increase rang
ing from $s2s,o0O in the Dallas district
to s27S,162.0 900 in the New York district.
Loans and discounts. including re-
discounts. on June 80 amounted TO Sill
24S,000,000 an increase since May Of
10000 bat reduction since June,
1921, OF s56 100000. Holdings Of United
States Government securities amounting
to s2,2S5 100000 on June 30 increased
By $3.50, 100000 during the year and by
S16l, 900, 900 since May 5, 1922. Other
securities held aggregated $2,277, 900, 900
on June 90 an increase OF $4,000. 900
over May and OF s272. 600. 900 over a
year ago.
A tendency TO carry less cash in the
vaults of the banks was reported. the
amount of June 80 standing at $326.-
100000. which was decrease OF $4,000
600 since May and decline OF SiS,000,-
600 since June last year.
Balances due from banks and bank
ers. including lawful reserve. aggregated
s4,256, 600. 900 on June 30. an increase
Of $4,000 900 since May and Of Sf04,-
100000 since J2ne, 1921.
Capital stock cf the banks on June
80 stood al 81, 100000 o,000. or sl0.990,000
more than on May and S33,000,0 900
more than In June, 1921. Surplus and
undivided profits Of sl.5il.OOo. 600 on
June 30 was s19000,0O0 greater than
a year ago but showed a reduction of
$4,000. 900 since May. attributed 70 pay
ment of dividends at the close OF the
six months period.
n stional bank circulation outstanding
on June 80, amounting to S726, 10000,
was -reported as the greatest on record
an increase of $4,000, 900 since May and
an advance OF $22.000,000 over June a
year ago.
The total deposits OF national banks
on June 80 aggregated $l3.36b. 600, 900,
an increase since May OF s5a4, 900 900
and since June a year ago of sl,l1S,-
coo. 900.
Liabilities to other banks and bank
ers on June 80 was s2,953. 900, 900. a
rf nr
an Increase since June, 1921, OF $780,
000. 900.
rhe amount OF bills payable on June
80 was S22S,0o0.000. while rediscount
amounted to s2s0,o0o,o0o. the combined
reduction Of bills payable and rsdis-
counts since May being s26,000,00o am
since June year ago $963,000,000.
"rhe decided reduction" Mr.. Girls
singer said. Sin the liability, of nationa,
banks for bills payable, representing al
obligations for borrowed money which
took place in the fifteen months preced-
ing June 80, 1922. together with similar
reduction on account Of rediscounted
paper. is evidence of the fact that our
national banks are standing on iheir
own stills, so to speak, are in a
strengthened position, and abundantly
able and are in fact In better position.
to take care of the requirements OF COM
merce and industry made on them than
they have been at any time since the
signing Of the armistice."
The number of reporting banks on
June 80 was S.249, which was 80 lnorr
than a year ago, and the percentages OF
loans and discounts 60 total deposits o.
June 80 was 6S.s2, compared witK 1893
on May and with 1s.4T per cent. on
June 80. 1891