The Washington times., 1926-06-26
BANK G0IV|NT ION.
HERE GOOD
By RTcHARD HATT0N

O.. the time approaches for the
suanee by the Treasury Depart
aant Of a call for q statement Of
tlso condition Of the banks Of Wash.
int2on. q quarterly official act
which. has. q certain Significance
n that it makes public the exact
condition Of every financial inetitu.
ton coming under the jurisdiction
OF the can, it is Of especial interest.
me4 only in banking circles, but in
IAN business circles as well. that q
pnognosticati OF the result Of q
tabulatfon OF the figures which viii
Be reported, based upon available
information indicates that the usual
forward movement In the ctty's
finances win be recorded.
while It il clearly understood In
governmental and banking Circles
that the figures given In response
ia. the call cannot accurately stabu-
late the exact condition of any
SINGLE institution at the moment
the call Is issued, It is nevertheless,
reasonable to take the figures as
whole as q basis for calculation.
The reason that an exact resume
OF actual conditions may not 0e
made Is that there may be with.
arawals OF large amounts from
banks for payroIls or fer other pur-
poses Immediately before the o 1ss
Il the call which amounts viii 1ind
their way back to the banks within
Few DAYS after the date OF the
ali. a notable example OF this
occurred at the time Of q recent
: saIl for statement which found one
large bank with q withdrawal OF
kon1etl1inr ike 81 oct, 900 which
lowered its reported deposits by
s that amount but which, had the
can come one day sooner or sew
sS,aI DAYS later would have shown
"a such drop In deposits because
the money would then have again
been in the banks vaults.
While the present call may snow
some, possibly many, reports OF bal
aflces lower than they stand TO-DAY
the reason, should this be the case.
will be found in the large WITH
drawals Of individuals who desire to
have as little csah on deposit as Is
possible at the end Of the fiscai
year. The reason for this Is, OF
course, obvious and has nothing
whatever to do with the actual, con-
dition OF the bank. . 81.
According to the best INFORMED
financial opinion, the condition OF
the banks of washington today IS
excellent, business verywhere ~
the city, Is good, and the vast ma.
5ority, Of the people are saving ana
depositing money. There = notnine
spotted in the local f.nanciats Sc s.
business situation, and, III spite Of
the anticipated temporary with
flrawals by some depositors, MOTH
ing but favorable report * @ be
expected In response to the next
treasury call for statement OF
condition.
Thai the District Of COLUMBIA
Bankers associations through its ad-l
vertfsfug committee, is in the foue-4
front of the present-day trend IN
l,uhlicity in the combined bank adj
verfisfng now running in local
NEWSPAPERS is indicated in reports
of addresses made at the second SEES
sion Of the Industrial Advertising
Association in Philadelphia IN
which the speakers laid stress upon
the large sums being expended upon
this class Of advertising and the
excellent results obtained In line
Wffhs.klie sentiment expressed in
PhfIaaelphia are the advertisements
now appearing in washington news
panerz. These are Informative,
even inspirational, and are we'll
worth the careful study and Thought
OF the newspaper-reading public q
Washington.
ssDepArtmental Doings," the month.
II publication of the Departmental
Baf1k.sfor June, is off the press and
presents four attractive pages OF
matter Of interest to officials ana
dsposttors Of the institution.
Because OF the lateness of crops.
II is reported. banks OF the Fifth
Federal Reserve District, in which
washington is included, have not
as yet been called upon to extend
an unusual amount Of credit.
As an indication Of improving
conditions in the. United States,
there were, approximately Is per
cent fewer business failures reported
last week than in the corresponding
week last year.
Better banking methods in the
United States were recently named
as one OF the three causes for bet
ter business by a leading advertising
specialist. The other two causes
were better transportation and bet
ter advertising.
N0AaI NaYl1 Cation