The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1924-12-27
NEW GAINS IN
RESOURCES IS
MADE IN BANKS
Northwest Banks Show Re.
markable Increase in
Financial Resources
NORTH DAKOTA GOOD

4 SouISSS VI uoI nav ~
creased 26 per cent or more thar
SlOOOOO,OOO in the last year.
The $1OO,0O0,OOO increase, banker!
and business men said today is one
of many concrete evidences of ths
new prosperity that has come to the
northwest area from the sale Of it:
high priced grain crop.
Among these evidences there were
included:
Recordbreaking deposits in Minnea
polls banks.
A new postwar low point in &C
comm odations to member banks by
the Minneapolis Federal Reserve
Bank.
A high tide of demand for invest
ment securities of good type by
banks and investors generally.
Approximation of $4,000, 600, 600 il
Minneapolis bank clearings. 81
! Continued firmness in the grain
Chamber of Commerce still to yield
an additional $lOO,OOO,OOO to north.
west farmers in return for sale OF
the marketable grain still in THEN
ownership.
A more than $l7,OOO,0OO gain in
deposits of Minnesota state banks
over the last call.
Continued additions to reserves OF
country banks with their Minneapolis
correspondent banks, along with re-
duction in loans by these correspOn-
dent banks, have swelled deposits in
Minneapolis beyond the record fig
ure of $3l9,O0OO0 returned on the
last bank call, Minneapolis bankers
pointed out This additional money
has come from the crop marketed
since the last call, which has found
it's way into the banks as deposits
and has not been sent out Of the
area in any great quantity in pay
ment of goods purchased.
Discounted Bills Total 100000
The last statement of the Minnea.
polls Federal Reserve shows bills dis.
counted as little more than $4,0O0,-
900, the lowest point since the Unit
ed States entered the world war.
Heads of bond houses declared this
new money in the area, which is not
having any great outlet in loans t.
bank customers, is seeking the invest
ment market.
Only in 1920 have bank clearing!
been larger to date for the year thar
in 1924, according to the Minneapoli:
Clearing House Association. In tina
year they passed the $4,OO0,O00,00'
mark by $l2,000,000, and today the.
are close to this mark and threaten
ing in the next few days to pass tn
1920 total figure.
Grain receipts at Minneapolis ar
the big factor in the figure.
Despite a record high percentage O
the crop having been marketed a
this time, the amount remaining i
the country still compares favorabl
with most other years, grain me
pointed out, simply because of tn
extent of this years bushelage, graf
men said. Fully $100,000,00O NOR
will be received yet by farmers fo
grain which they own and have TO
sale, it was estimated.
The monthly review of the North
western National Bank today shove
cash resources of the banks of Wis
consin, Minnesota, North and Sout
Dakota and Wisconsin have increase
&c per cent, or 500, 100000 in the las
year.
Conspicuous in the course Of bank
ing in the Northwest has been the ir
crease in quickly available resource
held by banks in the aggregate, sue
!. resources being cash in vaults, check
, in process of collection, reserves hel
with the Federal Reserve banks an
. funds on deposit with correspondent
. banks" the review continued.
, Rise ssh $4,000 Since Last Fall
, In one years time such assets, tn
most liquid Of all resources, have il
creased 26 per cent in the five NORTH
r west states. Since the fall of la:
year these funds have increased fro
$407. $4,000 to $511 100000. The PEI
centage Of advance has been mo:
marked in North Dakota, where hig1
ly liquid resources have increased 4
! per cent in one years time; in MINI
. esota the percentage is SO, and
Montana 80. Greatest dollar az
vances are naturally to be found
Minnesota and Wisconsin,; whe,
. banks are older and larger, as rul
than farther west, and where ayr
q cultural deflation was not so sever
ly felt.
, another outstanding developmel
in the years banking has been til
larger accumulation of secondary r.
! observation-disclosures, that is, in sue
! securities as bonds and stocks, an
, government issues of various kind
: "To summarize While northwe'
, banks as whole have increased the
deposits during the past year, the
loans and discounts have been d.
, creased by 10 per cent; investment
in securities, or holdings Of secon'
airy reserves, have increased IA pr
cent; Immediately available mean
the most liquid of reserves, have il
creased 26 per cent and borrowing
by banks have been reduced SIS p'
cent"
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