Evening star., 1925-04-16
D. c. BANK DEPOSITS
TOTAL S232,677,47
Greatest Amount in History
Shown on April $780,
600 Bond Issue Out.
BY CHAs. p. sHAEFFER.

total OF 1922, ,677, ,447.17, the great
est amount in the history of the city.
was on deposit in local banking insti-
tutfons on April last, date of the con
troiler's call, according to official com
pliation. made public this morning by
Auoley p. Savage of the National Sav-
lngS and Trust Co. The figures repre-
sent a net increase of $7,767 ,091 .86
over the previous reporting date, De
cember 81 last.
Every class Of institution reported
substantial gains, with trust com
pdnles In the lead. This class, mum
oerlng seven, recorded a gain OF
$3.341 1896 in the period. National
banks came second. with s2,71T.323.2s
increase, while deposits of savings in
stltutions appreciated SI,7o8, ,oOS93
Inc l5 national banks of the city
control more than half of all deposits
according TO the statistics. having a
total of s122.451, 369.21. Savings banks
nave S52,T4,2O6.73, and trust com
panies the remainder, or s77.451, ,S71.23.
Riggs National Bank led the ma
tional bank group as well as the en-
tire field, showing an increase of
$2,O56,2S3.71 over the last call. The
Commercial came next in the national
bank field. with s8S8.160.37. and the
Second third, with s35S,91950
In the trust company section the
leader was the Merchants Bank and
Trust, with the huge gain of s1.19I.-
277.o7. The Washington Loan and
trust was close second, with s1.096,-
598.97. and the Union Trust third,
with s4S2, ,22110
In the savings bank section the
Park was first. with a gain Of S306.-
704.29; the Mount Vernon, with an
Increase of s237, 7,S23.67. was second.
and the Security Savings and Com
mercial third, with s1S5,12369.
Complete statistics will be found
elsewhere in this edition.
Land Bank Issues Out Today.
Brooke, Stokes & Co. are Offering
| today new issue of $4,000 of Poto-
mac Joint Stock Land Bank of Wash
| ington, d. c., per cent, 10-30-year
! farm loan bonds, at 1882 and inter
est, to yield more than Az per cent
| to the callable date and 5 per cent
thereafter. The issue is dated April
/, 1925, and coupons are payable at
the Riggs National Bank.
! These bonds are the direct obliga-
| ton of the Potomac Joint Stock Land
| Bank, which is a member of the Fed
eral Farm Loan system, operating un-
/ der Government charter and under
! Government supervision. They are
exempt from Federal, State, municipal
, instrumentalities of the United States
! Government by act of Congress.
The issue is secured by first mort
cages on improved farm lands in
Maryland and Virginia, the mortgages
| being limited by provisions of the
! Federal farm loan act to so per cent
/, of the appraised value of the borrow
! ing lands. Statistics of the institu-
tion show only SO per cent of the ap-
praised value of the land has been
| loaned to date
| Serves Nearby States.
The Potomac Joint Stock Land Bank
was chartered here in May, 1923, for
| the purpose of furnishing aid TO aE-
| ricultural interests in Maryland and
Virginia. To date the bank has au-
| thorized and sold six issues of $500
| 600 each, making total bond indebt-
F, edness of s3,00o.0 900. Total resources
are S3,307, 1884.
Statement of condition as of March