Evening star., 1924-05-19
$37,966, 400 DEMAND 7
ON BANKS NOW DUE
Payment of Amount Not Later
Than Tomorrow Required
by q. S. Treasury.
ON SALE OF CERTIFICATES
Plans for D. C. Financiers' Outing
Reported Complete.
BY CHAS. p. SHAEFFER-

Banking institutions throughout the
country have been requested to pay
into Treasury Department channels
not later than tomorrow, the sum Of
s37,966.400, this amount being 20 per
cent of the proceeds of the March 10
sale of one year, per cent certif-
Gates, remaining on deposit with the
banks
The amount loaned 10 the govern
ment on March Is totaled $500 29O, 900
of which $137,365 900 were exchanges
The total still outstanding amounted
to s151 1,S65,4o0 or approximately 57S4
per cent of the original issue.
Summary of Bank Returns.
A summary of the returns from
S,115 national banks. March 81, 1924.
shows total resources of s22.062&8S,-
900. This compares with $22, ,40612S,
600, December 81, 1928, the date of
the preceding call, and $21,612, 7l5 900,
April 3, 1923.
Loans and discounts of $11,e5- 237,-
900, March 81, 1924, show an increase
since December 81, 1928, OF S75,I2J,00o.
and an increase of S2S432S,0OG. since
April 3, 1928.
amounted to s2,494, ,313, 600, March 81.
1924, and show a reduction since De
cember 81, 1928. of s72,538,000, and
reduction in the year of Sl998e4 600:
while other miscellaneous bonds and
securities to the amount of soil
637. 900. were increased S33,794, 600. he
tween December 81. 1928, and March
81 1924. and show an increase SINCE
April 3, 1923, Of 1854, ,722, 600.
Balance due from other banks and
har nj reserve
with federal reserve banks OF 81 .16Q.
766, 900, amounted to $2,762, ,0OV,
March 81, 1924. showing a reduction
since December 81, 1923, of S22S,0S2,-
600. and a reduction in the year o.
S176, $50, 900. Cash in vault, S342,969
900 on March 81, 1924, was s43,459
600 less than on December 81, 1929
and $16,17S,000 less than a year ago
The capital stock of national banks.
| March 81, 1924, was s1,335,572,0 900,
81, 1923, of S9,747,0 and an increase
| in the year of s16,42S,000 Surplus
and undivided profits amounted C
| S1.581,26S 600, March 81, 1924, ano
show an increase between the dates
! of the last two calls of S3S, 930, 600.
and an increase in the year of s27,-
| 444, 900.
| Circulating Notes Outstanding.
| Liabilities on account of circulating
notes outstanding amounted to S72e,
| $4,000, March 81. 1924 showing an
| increase of s534,o00 since December
81, 1923, but a reduction since April
8, 1923, of s1,5s3,00O.
| Balances due to other banks ana
bankers of s3,014.599, 900, March 81.
1924, were s115.275.000 less than on
December 81. 1928, and s3.437.Ooo
greater than a year ago. Demand
deposits, including United States de
posits of s1S3,000, 900, amounted 10
| s9,475, ,127 900. March 81, 1924. and
! show d reduction of S275,s4l,Oh0
since December 81. 1923. but an in
| crease in the year of 30,224 900. Tho
increase in time deposits between De-
cember 81. 1929, and March 81. 1924,
was s160,551,0Oo. and the amount
March 81, 1924. s5.10s, 10000, was
| S52S,754 900 in excess of the amount
April 3, 1928 The reduction in total
deposit liabilities between Deeember
| 81. 1923. and March 81. 1924. was
s23o,165, 600. and the increase in the
year was s562,415,ooo.
Liabilities for borrowed money OF
account of bills payable and redis-
counts amounted to $50 5000,
March 81. 1924, showing a reduction
since December 81, 1928. of S147,529.-
600. and a reduction since April 3,
1923. of s150,099,0o0.
The percentage of loans and invest
ments to total deposits. March 81.
1924, was $685.. compared with 94.9l
December 81, 1929, and 9S.0S April 3.
1928.
Outing Plans Completed.
Word was received here this morn
ing that Arthur B. Hatcher, assistant
vice president of the Guaranty Trust
| Company of New York, will attend
the annual convention of the DISTRICT
| of Columbia Bankers Association, az
| White Sulphur Springs, this year.
| The special committee of District
bankers who went over the field at
| White Sulphur Springs during the
week end. with the view Of minimiz-
| ing inconveniences to the delegates
report everything in readiness for the
conclave. Registration of guests
which in the past has proved an un
pleasant feature, will be so arranged
| this year that delegates will have
| been registered in advance, enabling
them to go direct from the train 10
| their rooms.
| About $50 reservations were report
| ed lin" this morning.
Railways Seek j. C. c. Permits
| The Minnesota Western railroad
| asked permission of the Interstate
| Commerce Commission today to oper-
ate a line from Minneapolis to Lake
| Lillian, Mimi, eighty-five miles.
| The Chicago. Indianapolis and
| Louisville railway today applied to
the Interstate Commerce Commission
for permission to sell S1,000,000 of
| first and general mortgage per
| cent gold bonds at Sc per cent of par
to reimburse its treasury for money
| from for