Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-11
M|NTQSH GIVES
BANK STATISTICS
Currency Controllers Annual
Report Shows Banks Here
Gaining in Earnings.

The aggregate resources OF bS Dank-
ing institutions in the District OF Co
lumbia June 80, 1925, including ma
tional banks, loan and trust com
panies, savings banks and building
and loan associations, We're $32S BOD
900 and showed an increase since
June, 1924 of S32, 428 900, according to
the annual report of the controller of
the currency, J. w. Mcintosh, submit
ted to Congress today.
The combined capital of these insti-
tutions was $23,37S,0 900, an increase of
S25 900 in the year, and individual de
posits of s24S,6 900 showed an in
crease in the year of S25,748,o00.
Gross Earnings Up s546,00O.
The gross earnings of 81 trust com
panies and savings banks in the Dis
trict of Columbia in the year ended
June 30 1925. We're SS.016,000, and eN-
ceeded the earnings of the previous
year by $546.000
The principal earnings of these
banks. interest and discount, amount
ed to $6,1S5 900, exceeding the earnings
in the prior year by S1i4.000. Other
earnings were from domestic exchange
and collection charges, which showed
an increase of SO 900; foreign eX-
change department profits. which
partment profits. an increase of Sl49.-
900. and other miscellaneous earnings,
a net increase of S24l 600.
Expenses Are Also Higher.
The total expenses for the year. in
cident to the operation of these banks
were s5434,0 900. exceeding expenses
for the previous year by s112, 900.
Salaries and wages showed an in
crease of SSS. 900. interest and discount
on borrowed money, a reduction or
$4,000: interest on deposits, an in
crease of S116. 900: taxes. a reduction
of s. 900; and other miscellaneous eX-
penses. a reduction of 1000.
After payment Of all expenses the
net earnings for the year with the
addition of S10S.0O0 recovered IN
charGed-off assets. We're S2.690.000,
which showed an Increase over the
prior year Of 1865 900 After charging
off losses on bonds and securities and
other assets aggregating $4,000.
which showed a reduction of $1,000
in comparison with losses charged off
in the previous year. the net addition
to profits were So ,269 ,999. out of which
dividends We're declared to the amount
of 81 .337 900.
The amount of net addition to
profits in the last year was $3.50 900
| previous year. and the increase in
| amount of dividends was S182 900.
] Increase i'm Resources.
/ The aggregate resources of the q
| building and loan associations in the
t District OF Columbia, under the super
! vision of the controller of the cur
! rency. June 30. 1925. were S43 ,977 900
| compared with resources of % aSSocia
tons. June 80. 1924. amounting to $40,
! i67 900 the statement said.
The loans made by these aSSocia
/ lions increased during the year from
! S38. 1858. 900 to S42 4s2 600, and install
| ment payments on shares increased
! from SIS. Az 900 to S3S. $50 900.
Eighteen Of these associations oper
ate on the permanent plan. five on The
serial plan and one on the terminating
plan. Twenty-Five associations require
/ inStallment dues or payments of 81
! one requires payments of s. and one
| payments of $3.50.
! The number of borrowing members
( June so. 1925-15 .562-shoWed an in
! crease since June 80. 1924, of 76S. and
! the number of non-berrowins mem
! bers-41 ,S73-was increased in this
! period ABB.