The Washington times., 1922-09-29

fheie Id probably no man in the
District that is better and more IA
vorably known in banking, real es'
tate and business circles than Mr..
GloySr5 who has been II resident of
Washington for sixty.eight years,
fifty,eight OF which he has been con-
nected with the Riggs banking in
terests.
In discussing the rapid growth OF
the National Capital as a financial
center, Mr.. Glover today significantly
pointed out that in the past eight
years the amount Of money on de-
posit in Washington banks has In
creased over $100, 100000. Accord
ing to the reports sent to the Comp
troller of the Currency showing the
condition of local banks as OF Sep
tember Is last, there was on deposit
In Washington banks $l87, 1881.
as compared with $S7, ,354,67S in 1914.
and with $96,3OS, ,137 in 1915, just six
years ago.
. In 1916 there were thirty-six bank
Sng institutions in the District OF Co
lumbie, and the amount of money on
deposit at that, time was divided as
follows;
National banks ;, $4S.220,791.23 in
1915 as compared with $97 ,442 ,055.l5
September IS, 1922. In other words,
there is more money on deposit In
the fifteen national banks in the
District OF Columbia today than
there was in all of the banks COM
bined in 1916.
Savings banks, $13,604,0 4,069.2O in
1915 as compared with $26,779,131.70
September Is, 1929.
Trust companies. $34, ,4SS,277.52 on
September II. 1916, as compared
with 500 .371 .026.46 on September l5,
last.
For the purpose of comparison,
Audley Savage, of the National Saw
ings and Trust Company, has pre-
pared the following figures show
ing the depositss in the various
1916, as compared with September
is. 1922.
National Banks t916l-American
t3,170,326: Columbia, 81, ,0S5,723 Com.
mercial, $7,095,6 ,6SS; District. $3,1l1,-
ass; Dtpont, $245,1OS; F. and NJ.
Bank, s1,193,923; Federal. s2.5t9 ,620;
Franklin. $1,s75.645: Metropolitan,
$5,820,552; Capital, $929,759; Riggs.
$40 1926, ,70O;' Second, $2,l0O,3S1, and
kBank - Of Washington. $4.l1S,6j7.
Total, SAB S,22O,791@-
Saving Banks-Anacostia, SSl0,-
bal; Commerce and Savings. S511 COS;
Home, $5,2S6, ,OO5: North Capitol, 81,
y259 ,106;. Seventh street, f5Ol ,OGs;
Park, $4f8,S75; Security. and Corn
'mercial, $1,24S,O5S; Union. 81 1872
474: United States, $l,0S6,S3O; East
Washington. s513,953; Potomac.
SS27,376 Merchants, $35l.4ll; W.
Mechanics. $250,17S: Exchange. S2l9.-
516: McLachlen. 1929. .S6S; Northwest,
S65,731, and Industrial. S35.9Ob.
Total. S13,604 ,069.
Trust mpanies-American Sc
ourity, Sa82S,S3S: Continental, 81
S34. 507; Munsey, S3,S00.741: National
Savings, $7,35O,713; Union, s4,2S6.259;
ana Washington Loan, s6,7S2'l31.
Total, $34.4S3.277.
Grand total, $96,3OS,137. Gaip in
six years, $91,264,076.
National Banks Q922l-American'
s4.549, SAL. 90: Bank Of Washington
sSOS8, ,7O5. .26; Columbia, 81, ,4S2, ,O62. 81;
Commercial. $11,6S3, ,502.S6; District,
6.3S3.323.21;. Farmers and Me'
chanics', 81 ,4O3, ,35436; Federal, So
I97.61S.14% Franklin, $3,44O ,547:!l;
Liberty, $2,165. .905.43; Lincoln. $5'-
464,4S9.24: Metropolitan, $lZ, ,SoS,-
ass. .75; National Capital, 81 ,544 .62S:sZ;
Riggs, $25,55S ,O45.4O; Second. So
773,SS426: Standard, $S11,31S.oo:
totals, S97, ,422, ,855.15.
Savings banks - American Com
meree and Savings. s363.lS5.76; Ana
costa. $S33.729.42: Banking Trust
and Mortgage, s24S, $3.50; Chevy
Chase, S154,39O.13; Citizens, $l.lO5''
b92.75: Commerce and Savings,
S1.2s5.5Ss.53; Departmental. 1885,.
126.:1% East Washington, $92O,O2O;
Fxchanee, S794,673.4S; Industrial,
s4sS. 1929 International Exchange.
S362. 1856: McI.achlen, $1,000, ,9O5.94;
Mt. Vernon, $2,31G,6759O; North Cap
itol. 1886. .75a55; Northeast, $IO4.-
eSt.50; Northwest. $500, ,309.3S; Park,
S2.259. .b3471: Peoples Commercial,
S3IO. 1904: Potomac, ,894.S0426;
Security and Commerce, $3,419,-
8S7.S7: Seventh Street, 81 ,905, ,232 .O5;
4 Terminal Commercial and Savings,
$149T5S.57; United States. s2.o4S.'
.s4S.9s; Washington Mechanics
S1,046,953.63: Washington Savings,
Sass, ,92d .32; woodridgeLang Sav.
ings and Commerce, $122 ,755.43.
Total. $2G,779 1910.
Trust Companies-America Secur.
ity, $23,537. .70S.63; Continental, 49,.
72S,611.21; Merchants. S4,964,076.57
Munsey. $4,670,346.56; National Saw.
ings, S9,7Sl ,164SS: Union Trust, $5.-
7SS,SS429; Washington Loan, $10,.
e0O,234.32 Totals, 500, ,371 ,026.46.
Recapitulation - National banks,
S97, 1922 055.15 savings banks, $685.