Evening star., 1923-06-04
BANK LOANS SHOW
STEADY INCREASES
Federal Reserve Board Hears
From TIA Banks-Rigg's
Officers in New Quarters.

Total loans and discounts OF IA
leading banks that make weekly re
ports to the Federal Reserve Board
stand at .s92,os8. 900. Compared
with last July this is an increase OF
S1,152.952. 900. or a weekly average of
$25. 100000. Since New York and Bos-
ton increased their rediscount rate
February 21. average weekly in
crease in these loans has been about
s27,700,000 In the past four weeks
loans have declined $94.026.000.
Since July 26 fluctuations in loans
secured by government obligations
have been confined to narrow range
! They now total s262, 2,006, 900, and ex-
ceed those of July 26 only S1,237,O0o
Loans secured by stocks and bonds
during the same period have grown
from SO, ass, ,763, 900 to s3,SO4, ,35s. 900
On May these loans reached their
peak at s3,923,018.0 900. Loss of more
than S100.00O,000 during the last four
weeks is partly due to recent liquioa-
tion of brokers loans.
Total laons stand at $11,S92.oss,0oo'
$1,411, ISL 600 less than aggregate
loans January I. 1921. If, however.
loans, discounts and investments are
compared there is a difference of only
S19.347,000. Leading banks have IN
creased their investment holdings
81 .391. .724 900 since January Z, l92l;
AS these banks own about one-thlrd
of the country's assets, II appears
that all banks may have increased
investment holdings approximately
1900, 100000 since January I, lS2l.
Riggs Bank improvements.
Much hustle and hustle was notice
able among officers of the Riggs Ma
tional Bank today, when nearly all
officials. from President Milton +.
Allies down. moved into their new
Offices. which occupy the entire east
ern size CT the old banking room.
formerly devoted to the tellers'
cages.
The private offices. while simple in
design and furnishings, are most
commodious and supply long relt
want. Four of the new rooms, IN,
cludinG those of the president and
vice presidents. are completed ana
the remaining four for other OFF,
GERS are expected to be ready for
occupancy within a few days.
The two marble tables for depos-
itors' use were also uncovered to-
day and are most convenient for
the comfort Of the banks customers.
From the appearance of the bank to
day the entire renovations Will be
finished shortly The bank Will then
be one Of the most thoroughly
equipped in the city.
L. s. Public Finances.
The governments gross public debt
May 81. less net balance in general
fund s22.32s. ,264 or an increase
over April 30. of s75.s4S.oS3.
Treasury ordinary receipts during
month of May. were s211117.533
against s206375.760 May, 1922: fiscal
year to date 1923, s3,376,154.o26
against s3.636.16S.3 .339. Customs re-
ceipts for May were s52.417.362 or
s16.S3914S more than for May. 1922.
Income and profit taxes were Sl5-
000.0 less than for May, 1922.
Ordinary expenditures for May.
| 1923. aggregated s2S6.965,616, against
S237,961.476 for May. 1922: for the
present fiscal year to date.s3. .o13.223,
! 0s5 against S3,057, ,S37.63 for the cor
responding period of 1922 or $4,000
600 less for the current fiscal year to
date than for the previous fiscal year
to date.
War Finance Repnyments.
Repayments received by the War
Finance Corporation account of its
advances for agricultural and live
stock purposes from May 16 to 81,
inclusive. totaled s3.679,957. Repay
nents received by the corporation
account of all loans from January l.
1922. to May 81. 1928, inclusive. to-
tailed s235, ,321,347. From May Is to
81 1928. the corporation approved
thirty-seven advances. aggregatinE
$685.. 900, to financial institutions for
agricultural and live stock purposes.