Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-09-05
NATIONAL BANKS.
MAKE BIG SHOWING
Steady Growth Shown by
Controllers Report-Circu-
Iation Greatest of Record.

Steady growth of the national banks
troller of the Currency Crissinger IN
report made public today. showing
resources. on June 80. 1922. of 500
100000. which is s529,362,00O more
than on May 5. 1922, the date of the
preceding call. and s1SS.l4s,090 in ex-
cess CT the amount reported June so.
1921.
Between May and June 30. 1929.
the controller reported, resources of
the national banks of the federal re-
serve districts increased in every case,
with the exception of those in the
Atlanta district. where there was
reduction of $3,4S9,O00. The amounts
of increase varied from sS2S,0o6 IN
the Dallas district to s2T2,l62,000 in
the New York district.
Loans and Discounts.
Loans and discounts" said a state
ment from the controller, including
rediscounts. June 80. 1922. amounted
May 5. 1922. of s64.09S,00O. but a re-
duction since June SO. 1921, of $780,
301. 900.
"United States government secur-
tiles were increased during the year
1855, $4,000 and amounted June 80.
1922, to $2.2S5,459,0 900. The increase
since May 5, 1922. amounted to $780,
76s. 200. Other bonds. stocks and Sc
curities were held June 80, 1922, to
the amount of s2,277 100000, an in
crease over May 5. 1922, of s115.2Is.-
600. and an increase over June SO,
1921. of s272,2S2.000.
Balances due from banks and
bankers, including lawful reserve and
items in process of collection with
federal reserve banks. aggregated
s4,256. 5S7 900, an increase since June
80, 1921. of s40s.636.ooo. and an in
600. A tendency to carry less cash
in vaults. which amounted to 1926.
ISL, 900 on June 80. 1922, is indicated
by decreases since May 5. 1922, of
sS.323,00 and since June 80, 1921, of
$4s.16S.000.
"The capital stock of these banks
June 80. 1922. was s1.S07 ,216,000, or
$10996,000 more than on May 3, and
$33, 336,000 greater than a year ago.
Surplus and undivided profits showed.
a reduction since May 5, 1922, OF
s21.667, 900, due to the declaration and
payment of dividends at the close of
the six-month period, but the amount
June 80, 1922, 1854 900, was $751;
1925, 900 greater than on June 80, 1921.
Greatest Circulation Record.
The amount of national bank sir
culation outstanding, s725,74S.000,
June 80, 1922, is the greatest Of rec
ord, the returns at the date of each
ended June 80, 1922. showing a steady
increase on account of this liability:
saThe liability to other banks and
bankers on account of balances. in
Guiding certified checks and cashiers
checks outstanding, June 80, 1872,
O mr.
Nav 5, 1922. of $46,s37 900, but an in
crease Of $465.163.000 since June 80,
1921. The increase IN the total de-
posits of national banks since May
s. 1922, was $553.576,000, and since
June 80, 1921. the increase was ST.
l7s.233,O00
"The decided reduction in the liza
bility of national banks for bills
payable, representing ali obligations
for borrowed money which took place
in the fifteen months preceding June
80, 1929, together with similar reduc-
tion on account OF redlscounteo paper
is evidence of the fact that our ma
tional banks are In a strengthened
position, and abundantly able, and.
in fact. are in a better position. to
care for the requirements OF com
merce and industry made upon them
than they have been At any time
since the signing Of the armistice.
Reserve More Than Required.
s"The lawful reserve of national
banks with federal reserve banks In
each of the twelve federal reserve
distriofs June 80. 1922, was in ex-.
cess Of the required amount, with,
the exception of small deficiencies re.
ported by banks in the second and
eighth districts, and amounted to ST.
ISL, 605, 900, or $28,261.000 more than
required.
counts to total deposits June 80. 1922.
was 81. so, compared with 1898 May
e. 1922 and 73.47 June 80. 1921. The
number Of reporting banks, S,249.
June 80, 1892, was IS more than
year ago." -