Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-02-18
NATl0NALBANK
RESOURCES SHOW
GOOD INCREASE
Comptroller of Currency
Says Reports Indicate
Improvement.

Washington; Feb. 1S.-Resources of
the nationA banks of the country, eX-
elusive Of rediscounts. amounting to
$19,420.o 600, 600 at the last call on De
cember 81, showed an increase of
$406, 900, 900 over the previous call in
September. according to an analysis
issued last night by Comptroller Of
the Currency Crissingcr.
The condition Of the national banks
in December. he described. as very
satisfactory" and called attention to
the fact that until September their re-
sources had more or less steadily
declined from their peak Of $22.711.-
900 900 in December. 1919.
Conditions of the national banks,
as reported by Mr.. Crissinger. were
said in a formal statement issued, by
the White House to show the most
satisfactory turn in the financial af-
fairs of the country that has been reg
istercd by a bank statement since the
conclusion of 1919
at demonstrates the statement
said, that the process of liquidation
has been proceeding at such an eX-
cellent rate that it ~mayfairly be said
that we are we'll on the road to get
ting the frozen credits thawed out
In this regard. indeed. it is by far
the most satisfactory showing thai
has UecH Ilduc SlICe Inc pIlTuSG
frozen credits was invented
Loans and discounts Of the national
banks on December 81, 1921. exclu-
sive Of r~ediscounts of 1929 1906. 900.
amounted to O,9s1,7s3,000 an in
crease over the o reported
September s, 1921, of S4,16a,0 900 but
a reduction compared with the
amoun of December 20, 1890, of SIS
113,512.000. Cash in vaults amount
ing TO s341.S11.000, was reduced be-
tween September + and December 81,
ton since December 49,. 1920, was
S152.5S9,0Q0;.
Deposits Increase.
Individual deposits, exclusive OF
United States government deposits of
S1Ss.o S 5000, amounted to $12,356,-
371,o 900 and were greater than the
by 1922, S11. 900. but a reduction since
December 20. 1920, of S7S0,741.000
The aggregate of all deposits was
s15.075.l 02, 900. or $514.25O 900 more
than on September &, 1921, and 81,
2o2; ,oo91ess Than on December 20,
TT must be borne in mind the
statement said. that the national
banks represent considerably less than
HALL VI lle lOldl DdnNlnS capacity OIL
the nation. 1t is, therefore, safe to
assume that the state. savings and pri-
vate banks and trust companies, have
the same turn in the tide
that is noted In the case Of national
banks. We may therefore conclude
that the figures for national banks
may safely be doubled in order to get
an a~pproxilpte representation of the
situation as to the entire banking es-
of the nation. Under
any analysis. the figures demonstrate
h a the peak of liquidation and con@
sequent depression was passed some
between September s; last. and
Der 81. last, and that the ten
dency has been steadily toward I'm
proving business and less reliance of
business upon the support Of the
49, $50.
'l"Of precisely like tenor are recent
advices from the war fiance corpora
tion which reports a progressive
liquidation of it's loans and a general
of conditions In the
industry. Recent stabil-
cations of prices for agricultural
staples have brought the farmers to
fhe point where they are able to
fealize something at 1easst approx
mating costs of production. and can
look forward HOPEFULLY to still further
mpr6veI1ients IN no very distant fh-
"$fN&%"@ ~ ss -,