The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-12-31
BANKS To SHOW
GAIN FOR YEAR
b. RICHARD HATTON

The Treasury Department VIII
oall fcl q statement Of the condi-
ton OF the banks Of the District OF
Columbia as OF December 81. This
win give the Government author
titles the information desired In
making up returns and records for
the end OF the year ana VIII IN
dicate. TO a certain extent, the con-
dition Of the financial institutions
ct the close of the last twelve
months. business.
Preliminary estimates as to re
ports, which win be submitted by
the banks OF the District of Co
lumbia In response to the next call
Tor statement OF condition, indi-
cate that IA the aggregate. de-
cided increase "a deposits will be
shown over those reported Tor the
same period last year. The condi-
ton 81 al local banks at the pres
ent lime Is exceptionally strong
and, although heavy payments have
wings accounts and the usual end
year Withdrawals, there has
hesn steady and conservative
gain registered throughout the year.
This, of course, IL q reflection OF
general business prosperity, profit.
able emplpyment and the increasing
thrift spirit among people In gen.
eral It must be born in mind,
however, that. although the official
statement made at the call OF the
Treasury IL designed to indicate
the condition Of bank as Of q
specific date. Il cannot be- taken as
IN exact criterion Of the Individual
banks strength. Circumstances
FNaa - ssfma. Il. RaS,k rAtaIalA fnafnVa1aa
are on record where the difference
Of one day In the date Of the call
win make many thousands OF
dollars differences In the amounts
reported as on deposit.
It is quite possible for q bank to
report q loss OF deposits on the date
Df the call which would have shown
"a increase in deposits a few days
earlier or q few days later. Excep-
tionallv heavy pay roll Withdrawals
or other exceptional demands may
De the cause OF this fluctuation 30
that the statement as OF any given
date may not be taken as an abso-
lutte indication OF the condition Of
specific bank. However. the gem
eral summary VIII give q fairly.
clear idea as to the trend Of hank
Ing business and this. in turn, IL In
dicative Of general business condi-
tions.
Practically two out of three banks
in the District Of Columbia have re-
Gently declared extra dividends.
Many Of them also have paid Christ
mas bonuses to employees and, as
stated above. the Christmas Saving
Fund checks. which have been paid
recently by a large number Of banks
necessarily deplete the resources to-
SBome extent
In spite OF these reasonable de-
5nands. however, there 10 q very.
Treasury asks for statement OF
the resulting reports, taken as q
whole. viii show decided increase
IA deposits.
In other words. there will be found
TN the aggregate more money on
deposit in Washington banks today
than was reported, on deposit one
year ago today.
This IL In line with the consistent
progress OF the city as whole.
A comprehensive discussion Of
Farm Loan Bonds IL contained in
a booklet. Comparative Analysis
Of Farm Loan Bonds" just issued
by g. r. Chflds and Company. To
the average investor the portion Of
the booklet devoted to a brief his
tory Of the Farm Loan act itself
viii probably prove particularly In.
teresting.
The board. Of directors oe the
Washington Savings Bank has de.
clared a semi-annual dividend Of
2 per cent payable to stockholders
Of record January 10.
Preparations are being made by
the District Of Columbia Bankers
Association to assist in every pos
el0le manner the coming Thrift
Week campaign.