Evening star., 1923-07-11
'S9,718,3(661 LOSS
IN BANK DEPOSITS
D. c. Total, S190,853,87e
on Recent CaI-MetropoIi-
tan in Lead.

Deposits of District banking insti-
tutions amounted to $190,853,s794s as
of the close of business June 80, 1923.
the ending of the period embraced BY
the last call of Comptroller of the
Currency H. NJ Dawes. in contrast
with total of $2o0.572,1s5.o9 shown
at the close of the previous period
ended April 3. 1923, a net loss of
s9.71S.305.61 ensuing, Audley =.
Savage of the National Savings and
Trust Company. official statistician.
announced this morning, the complete
statement in detail appearing else
where in today's financial news.
The comparatively heavy loss
shown reflects almost solely upon the
national banks of the city, the four
teen reporting institutions aggregat
ing s7,143.354s1 of the gross total.
The seven trust companies of the
District likewise reported a gross "in
red" of S2,920,62s.60 while the twenty
five reporting savings banks, whose
business continues regularly along
normal lines. reported u net gain o.
s345,67S.S0 for the period.
metropolitan I'm Lead.
The National Metropolitan Bank
stood head and shoulders above the
rest of the field in reporting gains.
TINS institution emerging from the
period under discussion with an ad-
vance of s478.os8.90. The Second
National also showed a gain OF $780,
0tO.43. the second largest. while the
Standard; a relatively new institu-
crease Of s236,7o471 for the period.
Other national banks which showed
gains include the Franklin with
| sl57,4So.15 and the Liberty National
with an increase of s456.65.
Joseph Schiavone and his Inter
national Exchange Bank. which, by
the way, is not yet two years old
led all savings institutions in the
matter of showing gains, reporting
! an increase of s12O,S4S.73, or almost
| double that of his nearest competi-
! tor. The Northeast came next with
gain of s64.0734o, closely followed
| by the Washington Savings with an
! increase of s63.183.05.
/; Two Trust Companies Gain.
But two trust companies were able
| to report gain for the period. these
| creased to the extent of s60,5S77o.
and the Merchants Bank and Trust
Company. which gained $36,53127
Recapitulation of the figures shows
that on June 80. last. deposits of ma
tional banks aggregated s96,954.74s.-
81, trust companies. s65.3S2,726.7 and
savings institutions. s2s,516.403S7.
| The loss resulting came as no sur.
prise to the District banking fra
ternity. Heavy Withdrawals during
the past few weeks on account of tax
i payments, much of which had not
1 been redeposited as early as June 30
was major item to be considered,
while the District real estate tax
paid in May and June. approximating
many millions. is placed in the United
States Treasury and is not allowed to
| be redeposited here as is other sec
4 tions of the country.
New Bonds ON Market.
| The local Office of the National
600 of Montgomery county Ohio,
| sewer 5iz per cent bonds. dated July
| !. $4,000 of which mature July /,
1925, $3S.ooo annually on July l. 1927
to 1889 inclusive, and the remaining
$4,000 on July 1, 1910. The issue is
offered at prices yielding about $50
per cent on maturities 1925 to 1892
inclusive. and 4.75 per cent ona ma
| turtles 1898 to 1910 inclusive.
| William Candy, cashier of the local
office, is spending several weeks va
| cation at Ocean City, Md.
Rate Change Held Unlikely.
The impression prevails in federal
reserve board circles that there will
be no change in the present redis-
count rate during the crop-moving
season. At the Office of D. r. Girls
lsinger. governor OF the federal reserve
board. all knowledge of considera-
tions along this line was disclaimed.
Bank Stock Jumps 10 Points.
! An abrupt jump of 19 points in the
bid price of Security Savings and
commercial Bank stock to 275. with
out any sales, was the outstanding
! feature of today's restricted trade on
the Washington Stock Exchange
Bonds held the Iimelight Railway
4s sold at 70k, Pepco refunding 6s
at 101 u. refunding Is at 1O6 and
Wardman Park Hotel 6s at 99%.
In the stock list four shares OF
Riggs changed hands at 649 and fifty
| shares of Gas Light brought 4S1h