The Washington times., 1926-04-17
DEPOSITS HERE
UP MILLIONS
Rx RICHARp HATTON

A complete official check-up Of
the deposits in Washington finan'
ciaI institutions as they will be
reported to the Treasury Depart
ment in response to the order 81
the comptroller calling for state.
ment of condition as of April IL
indicates that gain OF approx.
mately s.. 100000 viii be shown
over the amount Of deposits re-
ported on the call Of December II.
while there have been certain
Z unusual withdrawals in some In
stances forcing q report of less
than the amount on deposit at the
time of the previous call, these
Losses are of a temporary nature
and do not effect, to any great
extent, the generally prosperous
condition OF local banks as disclosed
by the present CALL
Outstanding among the gains re-
ported for the last quarter Is That
of the Riggs National Bank which
reports an increase in deposits of
.82.O2S, 61O. 90. The Commercial Ma
tional Bank shows nearly 81 ,OOO,.
600 90 gain. The District NatiQna'
shows 4 gain of $3os. 027.z4. while
the Lincoln National Bank IS well
over onesliah g. million ahead. IRE
Union Trust Company; Is, also, Wen
over one-half million ahead OF the
last report while. the Merchants
bank and Trust Company shows
3 gain of 1887 ,667.7s. Other banks
and trust companies. reporting ma.
terial gains are: Columbia Natiorah
951.1Si. go: Farmers and Mechanics
500. 357 %; Liberty, S121s759. o. Ma
fjonal Bank of washington, $6O,-
1880. National Capitol. $10S,00O.
The Nationals Savings and Trust
Company shows gain OF $685.
SCI. 90.
Among the savings banks the
PAINS noted are: Anacostia Bank.
seS 900: Bank of Brightwood. $s4,-
600: Bank OF Commerce and Saw
iugs. $3.50, 600; Central Savings. 81 TO-
900. Chevy Chase, $4,000: East
washington Savings, $4,000. IN.
dustrial Savings, $4,000: McLachlen
Ranking Corporation, SIC 5000: Nor
ris plan. $133, 900: North Capitol,
$40. 900: Northeast $4,000; Park,
1921 900: Potomac, $S9, 900; Prtlden-
fiaI. SOS 900: Security Savings and
Commercial, $l47 900; Seventh Street
savings. $162, GOO; United States
savings. s131 900; Washington Me
chanfcs, SIS, 900; Washington Saw
ings Bank, 1858 900. and the Wood
ridge-Langdon Bank, SOS, 900. The
Bank of Commerce and Savings
and the Mt. Vernon Savings Bank
head the list Of gains among saw.
ings banks.
TalCen as an indication OF busi-
ness conditions prevailing in WasiI-
ington during the past three-nonth
oeriod the net result of the reports
submitted to the Treasury are
clearly indicative Of a generally
nroeperous period. Had not ex-
ceutfonal circumstances caused tenn
porary losses TO be reported by q
few institutions. it is believed that
every bank in Washington would
have registered a gain on the pres
ent call.
Fewer Bank Troubles
For the first quarter OF the cur
rent year reports to r. G. Dun and
Company show 6,0S1 commercial
defaults In the United States, with
an Indebtedness Of sos. 46O ,339. The
uunter compares with $3.50 for q
similar. period of 1926. and is the
largest for the first quarter since
1872. when the failures totaled
7,515. The liabilities for the 1uar-
ter just ended, however, are fully
151s per cent below the $12S.4SI, $50
for the first quarter OF 1924. and
the smallest reported for the first
quarter since 1920, when the ag-
gregate was less than $50; 200. 900.
The record for banking suspen-
sions for the first quarter of this
wear, shows marked Improvement
over that for the corresponding
perid of 1925. Numbering 81. such
suspensions in the three months
recently ended compare with IA
for the. first quarter OF 1926, while
the present, indebtedness Of $685.
S93,77S, is materially below the $43,-
925.54S of the earlier year. Nu-
merically, the decrease is nearly 20
per cent.