Evening star., 1924-02-15
BANK RESOURCES
GAIN S5,025,ol)
Local Institutions Reported
$258,914,0OO on Last Call,
Controller States.

The combined resources Of national
| banks. savings banks and trust COM
| panies IN Washington amounted to
$258.914,000 on December 81 last,
| showing an increase Of $5,025, 900 over
September II, 1923, and Of S11,7S2.0o0
over December 2s, 1922, Controller
Dawes announced last night.
The paid-in capital of the forty
| nine reporting banks was s23,565.000,
or S1,43s,000 greater than the capital
| OF fifty banks on September IA, and
| $1'576,oo0 greater than the capital OF
| nifty banks on December 20. 1922.
ihe surplus and undivided profits Of
these banks on December 81, 1923,
was S19,443.00o. showing a reduction
| since September II of $4,000. and
| reduction in the year of $4,000.
| Aggregate deposit liabilities OF
| s1ss.s2o,ooo on December 81. 1929,
| compared with $ls6,s51,0oo on Sep
! Der 20. 1922. Between September II
! and December 81. 1929. demand de-
| posits, exclusive OF United States de-
| posits, show an increase Of $3,744, 900,
1922, was s4,63s,000. Time deposits
/ show a reduction of sl.S41,000 since
/ September II, but an increase in tho
year of $4,465. 900.
| Loans and discounts, including re-
discounts OF S2,891,000, amounted TO
s141, 600 December 81, 1923. com
| pared with $139.500, 900 September IA,
| 1923. and s133,642,0o0 December 20.
Holdings Of United States govern
ment securities show a reduction OF
s32e,0O0 between September IA and
December 81, 1923. but the amount on
the latter date-$27. 144. 4.000-shows an
increase in the year of $2,015,0Oo,
securities to the amount of S30.733, ,0G0
December 81, 1923, show a reduction
since September II OF sf.346.O00 and
| a reduction in the year of s2.637 900.
Cash in vault and amounts duo
from banks and bankers. including
lawful reserve with federal reserve
bank, amounted to s31,248,000 De-
| cember 81, 1923. and shows an in
crease since September Il OF $2,12s,-
600 AND and an increase since December
| The liability Of national banks for
CIRCULATING notes outstanding OF
s5.6s4.00o December 81, 1929, was
20,000 less than on September IA and
$4,000 greater than on December 90.
Liabilities for borrowed money in
| cident to bills payable and redis-
counts amounted to $9,299,000 Decen-
ber 81, 1923, and were s1,TSe.000 in
| excess of the amount September II
| and $4,000 greater than on Decen!-
| Der 29, 1922.
Earnings Much Improved.
| Maintaining policy which has
been consistently conservative, the
International Finance Corporation
steadily increased it's volume of bust
ing years. purchases for the period
\ being S9.269.741.96, as against S6,092,-
5oS.37 for the year 1922. President
| Ernest e. Herell is today telling
stockholders.
| Earnings of the corporation for
| the past year, which have been the
! largest in any year since its organ
| ization, have been used to absorb
losses sustained in certain accounts
which the company has been unable
to liquidate in full. This leaves your
capital and surplus unimpaired." he
said.
A comparison of general and de-
partmental expenses for the past year
decrease Of 9.79 per cent. While this
reduction in general and depart
| mental expenses was made, the
volume of business increased over so
per cent.
The balance sheet as of December
81. 1928, shows total assets of $3.50
| 1875; surplus. s135,420; undivided
profits, s26, ,so1:sS; preferred stock OUT
| of common of no par value.
Steamboat Company Elects.
Levi Woodbury. was reelected pres
/ ident of the Norfolk and Washington
| Steamboat Company at the annual
| meeting of directors yesterday at the
National Bank of Washington. Other
! officers named were: Vice president,
! Clarence F. Norment; second vice
| president and general manager, D. J.
Callahan: secretary and treasurer,
Odell S. Smith.
| At the annual meeting of stock
\ holders, held previously, the follow
\ ing directors were reelected for the
coming year: Milton E. Allies. Charles
| J. Bell, d. ]. Callahan, Clarence L.
| Norment. Clarence F. Norment. Jr;
! William E. Pearson, Odell S. Smith,
! Hylas T. Wheeler, Levi Woodbury..
| President Woodbury., who has
| passed his ninetieth birthday, was
| congratulated by his associates on
/ his reelection to head the COMPANY.
| Trading on Local Exchange.
| Trading on the local board was
! quiet and featureless this morning
| Washington Gas IS OF 1893 sold at
! 101 and Potomac Electric 5s brought
| 97k Riggs National Bank sold at
293 and Capital Traction was easier
Hallway common and preferred
| were ex-dividend today, IL per
cent disbursement being payable on
March 1.
|