Evening star., 1926-12-10


means of "resuscitation." Aggregate
resources of the national banks, how
ever, he said, had increased.
Opposes Hull Amendment.
The controller reiterated, however,
| his disapproval of the Hull amend
ment, the bone of contention between
the Senate and House, which would
restrict the branches of national
banks hereafter in States which do
not permit branch banks.
! Gross earnings of the national
| banks in this city which remained the
same in number. 13, rose from $685.
900 for the fiscal year ending June
80, 1925, to $7,279.000 for the present
year, while total expenses paid also
rose during the same period from
S4,5O4,0O0 to $4.S12,O0O. Capital and
surplus Of these 13 institutions in
creased for the year from $15,340, 600
in 1925 to $l7,065 900 in 1925.
Total losses charged off fell during
the year nearly 81 per cent, from
$4,000 to $2SS,000. while there was
a substantial increase in the net ad-
ditions to profits from $1,4S9,OO0 in
1925 to $2,315, 900 this year.
Dividends declared were $1.541 900
this year, as compared to $1,4S9, 900
| for 1925.
Total net earnings and recoveries
On charged-o assets increased dur
ing the year from $2,268,000 to $685.
600 in 1925.
Earnings Show Gain.
The controllers review of conditions
| in the other banks besides the ma
tional banks in the District of COlum-
bia for the past fiscal year, as COM
pared to the prior period, is as fol-
lows:
On June 80, 1926, there were trust
companies and % savings banks in
the District of - Columbia, with COM
bined capital of 1885,, 1000 and sur
plus of $9,670,0oO.
The gross earnings of these banks
aggregated $8,798,000, as compared
with $S.O16. 900 on June 80. 1925. In
terest and discount earned totaled
s6,91S,0OO, an increase OF $133,ooo
over the previous year.
The expenses of operation for the
year were $5,954000, exceeding the
amount paid for the fiscal year ended
June 80, 1925. by more than a half
million dollars. The principal items
of expenses were salaries ana wages
of $2,O27 900, and interest paid on de-
posits, s2,167 900. These associations
show net earnings during the period
of $2.S44.00O and reCOveries on
charged-off assets, $129 900. total OF
s2973. 900, exceeding by $283,0O0 net
earnings and recoveries reported by
Al trust companies and savings banks
operating in the District of Columbia
on June 80, 1921.
OF the total losses charged on.
s54S.O0O, 900 were on loans ana
$l64 600 on bonds and securities, etc.
Net addition to profits in the cur
rent year was So ,425.000, as compared
with $2,269.O00 on June 80, 1920, ana
dividends of $1,337 900 were declared
the same as on June 80 Of the previous
year.
Loans Are Increased.
On June 30. 1926, there were 22
building and loan associations operat
ing in the District Of Columbia under
tho suneryision of the Controller OF
the Currency, with total resources OF
sA8 ETA 900. as compared with re-
sources of "a associations on June 81
1925. having resources OF S43,9H 'ooo
The loans on June 80, 1926. aggre
gated S46,781 900, and were S4,ZS9'ooO
greater than in June OF the year
preyious. Installment payments on
| SnaroS also I'LL Ct1SOA AANAAA
to $42, ,794, 900.
There were 16 of the associations
operating on the permanent plan, fve
on the serial plan, and one on the
terminating plan. One Of the assocla
tions requires installment dues on pay
ments Of 81, one payments OF $I.oo
and the remaining, 20 payments OF 81
The associations had on June 80, 1926
a total membership of 6O.OS7, as com
pared with SLABS members year ago
those borrowing in the current year
numbering 6,541, while the NUMBER
of non-borrowing was 43,546.
The District of Columbia fell some
what short of the per capita savings
denosit for the Nation, showing
1852 O6 for this city, as compared with
s164.15. the average for the United
States. Alaska and insular posses,
s;ons. The New England States led
the list with a per capita savings OF
$484S2.
The District, however, was aheao
of the average of the Nation on per
capita individual deposits reckoned
from all reporting banks. This city
showed a figure of $456.31, as com
pared to the total of $3Sl.32 for the
Nation as whole. In this list the
New England States again led with a
per capita individual deposit OF
$717.35.
Resources Have Increased.
Despite the apparent weakening OF
the national bank system, Mr.. NC
Intosh said the aggregate resources
of the banks had gradually Increased
year by year to a total of about
S25, 900, 100000. At the same time, he
showed, the resources of State com
mercial banks have risen to about
S29. 900. 900. 900.
During the year ending October
81 banks left the national system for
State charters. carrying with them ar
aggregate of $3.50, ,0O0, 900 in resources
Only 29 State banks. with resources
of about $235 .000, 900, obtained nationa
charters in the same period.
A total of 81 national banks with {
capital of $5.412 500 were placed IL
charge of the receivers during thu
year, bringing the number of banl
failures since 1865 to 03S. OF thu
grand total. 63 have been restored t
solvency, 597 receiverships have beer
closed, and 37S receiverships are still
active.
Nearly Half of Gold in United States
The worlds gold stock was reported
as $500, ,793 900 and of this the United
States has $4,40S, ,696 900. or almos
half Great Britain and France have