Evening star., 1923-01-02
D. c. BANK DEPOSITS
SHOW AN INCREASE
Coming Statements Will Be
Better Than Reports Made
in September.

The expected call from the office
of the controller of the currency for
a statement of conditions of all
national banks in the country. and
from all banks in this city came this
morning, the date for the statement
being set at the close Of business
December 90.
While only a few preliminary re-
ports as to deposits have been re-
ceived from local banks, these reports
indicate that there will be general
increase in deposits as compared with
September Is, the date of the last
call of the controller.
This, too, in spite of the fact that
during the interim between the last
previous call and that of today there
have been very important movements
of money.
Heavy Tax Payments.
The fourth and last installmenc OF
1922 income tax payments was maas
December Is, while under the new
tax laws one-half of the personal ano
real estate as we'll as intangible taxes
of the District, save for Corporations,
was made payable In NoVemper, N nnn ue'
withdrawing probably over S4,Vov,VoV:.
Individual deposits were creol.su
the close of business In Decemoe.
with probably $2.o00,o0o dividena aho
interest payments, although SUD
stantial portion of this Wouio nave
been too late to show in the de-
posits.
Savings Clubs a Factor.
One item of withdrawals which, while
It helped business materially puieo
81. .0O0, 900 or more out OF banks was tne
hrt OF SQVlnRS
rhihs moneys early in December. Mucn
of this cash has naturally been returneo
10 the banks through the merchants OF
the city and will aid In enlarglns -tne
increase, which at present seems as
sured.
conditions as Of the call today, com,
pared with that or September To- VIII
appear later in The Star.
Company's stock Increased.
Through action L of its board OF d.
rectors and stockholders. the Distrlcs
Guaranty Corporation has authoTioe11 te1
from $3.50, 1000 to $1.25o,ooo effective I'M
It is announced that the entire orig
inal issue of stock has been fuliy SUD
scribed. subscriptions amounting 20
largely by the old stockholders. az q
stockholders dinner in the Franklin
Square Hotel last Thursday.
The company is just mailing ITS It's
last quarter of the year. These divl-
dends are at the rate of per cent
on the preferred stock and % per
share on the common stock.
JOsephs Admitted to Firm.
Announcement was made today by
Graham, Parsons & Co. that Dew
eraux c. Josephs had been admitted
10 membership in the firm. Mr.
Josephs will assume his new duties
at once.
Bankers Conference.
American and Canadian bankers
will meet in conference in Montreal
other economic questions of common
interest to the Dominion and the
United States. according to announce
ment Just made by the American
Bankers Association, which has ap-
pointed a committee on Canadian re-
fations to confer with similar COM
mittee on American relations appoint
ed by the Canadian Bankers Associa-
tion.
The call for the conference is the
outsome of action initiated at Mon
treal last July by the administrative
committee of the American Bankers
Association, which met there as
guests of the Canadian association.
The contacts at that time between
American and Canadian bankers de-
veloped the feeling that there were a
a number of problems affecting the
two countries in the solution of
which it was felt that bankers could
take effective part. It was felt
also that there was opportunity to
promote greater mutual understand
ing among the business public OF both
countries of each others viewpoints.