The Washington times., 1925-07-02
BANK
STATEMENTS
AWAITED
Improvement Over corre'
spending Period of Last
Year Is Expected
By RICHARD HATToN.

A general ent1c1patory interest Is
being manifested by bankers and
financiers IN the showing which
will be made by District of Column
bia banking institutions as a re-
suit of statements which viii soon
be issued in response to the QUAR-
terly call Of. the Treasury. Depart
ment. It is expected that the call
will ask for a statement OF condi.
ton as of June 80, and that it will
be issued within the next few days.
A general survey of the condi-
lions obtaining in the Fifth Federal
Reserve District, of which Wash
ington is a part, and which in
cludes the States OF Maryland. Vir-
g1ria, West Virginia, North Caro-
lima and. South Carolina, made by
economic and financial experts, In
dicates the coming bank statements
win show business has been normal
during the past quarter, with a
moderate increase m loans to Fed
eral Reserve banks. The. conclu-
sion drawn from this. is, If the
coming statements meet expecta.
tons, that there has been no ex.
ception4i seasonal slump in bust
ness but, rather, that business lis a
bit healthier than at the cor
responding period last year.
There are number Of factors
entering into the suestion Of bank
deposits just at this time which,
il Il believed, win effect the state
1neuts t0sa certain degree and which
may tend to indicate q Iessenjng in
deposits. One Of these elements
Is, Of course, the annual with
drawals8 for vacation spending.
Other Withdrawals Of equal i'm.
portance will occur, 5. but they will
lie more or less temporary and VIII
have little effect upon the general
condition. although, in some in
stances, 1t is pointed out, they may
bring about a slight reduction in
both savings and commercial ac-
counts.
The recent issuance of refund
checks by the Potomac Electric
Power Company, although running
into figures well over million dol
lars, it is stated, viii have little
bearing upon the local bank stats
naents when taken as a whole. The
most notable effect OF this large re-
fund viii be to put into cfrcuIat ion.
here OF intos savings or commercial
accounts the amount issued. -
In spite Of considerable with
drawals for the purpose OF paying
the last half4Uf the amounts ,dueron
District taxes as well as for the
purpose Of paying the Federal in
come tax installments now due, it
IS believed that savings accounts in
general, will remain STEADY aniSt9sf4
commefcfal accounts VIII continue
to be maintained on a. normal basis.
Several Of the financial instftu.
tons Of the District will indicate. in
their statements, 1t is believed, that
there has been less than the usual
falling offssin business during the
past few months.
A composite opinion gathered
from large number of District of
Columbia bankers who were willing
70 express prediction upon the
coming bank statements, would
seem to Indicate that, as a whole,
there might be slight falling off
IN the savings account column with
another slight SEDUCTION In the COM
mercial account column, but. that
these changes in figures will mean
nothing more than tire usual sea
sonal wfthdraR walls and that, as a
whole, the statements Of local -finan-
cial institutions, which will be pub.
hshed in compliance With the COM
ing bank call of the Treasury, will
indicate that personally and COM
mercialiy the District is in better
condition financially than it. was
at the corresponding period a year
ago.