Evening star., 1922-01-08
PANK DEPOSITS DECEMBER 81
-''ss, SHOW TOTAL OF $le9588, ,92O.2l
Increase Since September 6 More Than
Million, Exceeding Expectations-Good
= Showing for D. C. Institutions.

Those who predicted loss in the
Deposits Of local banks after the last
pHE5uus call Of the controller OF the
currency for statement OF condition.
fasing their opinion on the natural
withdrawal of funds during the holi-
day season. were entirely wrong.
The call Of September s. 1921, found
the banks Of Washington with $685.
2S2,349.SS total deposits, while at the
close OF business December 81. 1891.
the last call of the controller. there
was a total of -s16s.5ss.s20.21 deposits
IN the local institutions. a total ~ IN
crease for the period OF s1.356.5'0.s3.
AS..ings Alone show Decrease.
savings banks, as was to be expect
-<an@"ed most from the drain our
ing the Cs,istmas holidays. and OF the
three classes OF institutions were the
only ones to show a decrease in de-
posits. With s26.s91,s ,sS5.61 on hand at
the close OF business December 81,
1se1, these banks registered a loss in
deposits over the previous call OF
we're $2T,372.372.65.
z Both the trust companies and ma
tional banks showed increases in de-
posfts over the preceding call. the
9rSt t-named recording the substantial
increase Oh NlhiC thS
latter registered a gain of 1864. .15o.'5.:
The total deposits of the local trust
companies for the two dates were
35s.581.SsS.s1 and s54.6SS.2s6.43, and
those Of the national banks showed
tS7,35s,577.4. and ss7.s2a,'2s.l'.
Many Annual Meetings.
SDuring the week manv banking in
Stitutions of the city will hold their
annual elections. when it is expected
several changes of Importance affect
ing large banks will be consummated.
Men who heretofore have been
prominently identified with certain
banks will cast their lots with other
institutions. while the directorates OF
quite number of local financial
houses will add new names to their
fsts.
THAT one Of the larger banks will
znnounce the opening of new branches
IN different sections of the citv is as
4ured, while a complete shake-up IN
fle personnel of the officers of an
other ma onal bank has been common
tatk for some time.
Most OF the elections will be held
Tuesday, and, with the exception of
those institutions that hold their an
nual sittingS at other seasons of the
year, the makeup of the Washington
financial houses will be known by the
end of the week.
i Meets in Alexandria, Va.
The Citizens Savings Bank will
hold its annual meeting of stockhold-
+. Harlow. 119 South Fairfax street,
Alexandria, Va. Polls will be open
from II am. until IL noon.
The report of the condition of the
bank as of December 81. 1921, shows
a loss of deposits of approximately
SS100o-ocCasioned. according to the
officials, to the withdrawal of $4,000
CHRISTMAS savings club money. This
loss was quickly recovered by de-
e.s az the 1lSss tbb Of business sans ysster
Forecasts for 1922.
Interest in forecasts for 1922 has not
waned very much. although the year al
ready is a week old and apparently the
interest of the American people in the
subject has not died out. At any rate.
the annual newspaper reviews are still
corning. Evidently the publishers are
relying upon this continued interest, and
some Of the reviews will not come !out
unul next week. There has been the
usual variety of forecasts-some very
optimistic. but nearly all with good
measure Of determination to make the
best Of it-!w.lich should be better than
laSt~yeaE. at least.
Speaking Of these reviews, the
Rache Review says:
/. Most of the reviews Te have seen
agree that there will be gradual bet
tfrment during the year. Few. if
ary. look for marked or abrupt re-
Govery. Secretary Mellon gees many
dgns of improvement and thinks the
Iestoration in the general situat ton
Has been greater than any one had
Ieason to expect year. ago. and
rhat this gives some index to the
prospects of the future.
; "A note which runs through the ex-
pressions of all thoughtful people
Emphasizes how much depends upon
European recovery. and mainly the
sentiment is for the most effective
and energetic action on the part of
the United States in helping abroad"
Business Of Next Year.
THE period of liquidation and read
jrstment which began in the summer
OF 1920 is entering its last stage. 1t
should be completed by the middle of
1922. After a gradual recovery dur
isg the first half of the year, there
should be substantial improvement in
Employment, production and the ag-
&egate spending power of the coun-
thy. This conclusion as to the gen.
efal trend of the cycle Is substan-
ttated by the rapid decline toward
l9w-water mark in interest rates. the
bhil market In securities and the po-
sition of the index of general busi-
nrss in the cycle chart.
Favorable Factors.
s'Among the factors which are IA
r6rable to a recovery both in pro-
dhction and prices" says the January
}atter Of the Alexander Hamilton In
ssitute Of New York, may be men
ttoned the following:
II. Strong bond market and easing
in money rates. rejecting accumula-
tIon of investment bonds.
f'2. Greatly improved mercantile
situation, with low inventories among
Isrxe corporations. generally healthy
mercantile credits and the glut of
merchandise in South American ports
largely liquidated.
rs. Recovery in sterling and large
gold reserve of the Bank of England.
r.. Optimism regarding domestic
atd international politics.
rs. Abundant food supplies in Can
ada, Argentina and the United States.
rs. Generally low level of raw ma
tdrials.
r.. Increasing activity in residen-
tiAl building.
UnfavoFable Influences.
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