Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-12
Dc BANK ASSETS
SHOW GAIN IN 1927
Associations Included
lin TabuIation-Deposits
uss, . =, Also Are Increased.
by EDWARD C. STONE.

! isYashington banks and the loca
aliifding and loan associations had ag
{ Ssregate assets at the end of the cur
rent year of $369,013 900, compared
1 with 1851 ,43S. 900 on June 80. 1926. &C
! ,.ording to the annual report of the
controller of the currency, j. w. Nc
Z Intosh. made public today.
! The combined capital of these o.
banking associations in the District
Twas $24.451 900. an increase OF SSOI,
900 over the preceding year, and the
individual deposits of S2S5,21l 900
/ were greater by SIG, $4,000.
| Controller Mcintosh reports that Is
national banks reported a total cap
ital of SlO,5 900, individual deposits
~ S1ef. 3S4. 600, and total aggregate
lassets of $166, 100000.
- The seven loan and trust companies
M the end of the current year hau
capital of 11.400, 900, individual de-
posits of S79.S22 900 and aggregate
assets of $106. $4,000.
Savings Bank Deposits, S36.l1S.OO0.
The controller reports that the 20
savings banks i'm the Dlstrlct mac
total canital of S2.524,000. individual
,lanosits of s36.1IS.000 and aggregate
assets of SAL .S27 900 at the end of the
wear in review. There are p build
ing and loan associations which re-
ported individual deposits tshare pay
nents mainly of SAT $4,000 and ag-
yregate assets of $50, S29.OOO.
Discussing banks other than ma
,ional in Washington, the report turns
10 the earnings, expenses and olvi,
Lends of these institutions, splenuld
growth being revealed.
ON June 80. 1927, there were seven
trust companies and % savings banks
in the District of Columbia. with COM
bined capital of $13,924,000 and sur
plus of So, $50, 900, compared with capt.
tai and surplus reported by the same
number of associations on June SV'
1926. of $I3,S67 900 and $9,670,OOO, re-
spectively. Dividends declared by
fhese banks in the current year We're
81 .443. 900. or s106,00O more than IN
The previous 12-month period.
The gross earnings totaled $S.S4l,-
roo. an increase of $4,000. and ex-
lenses paid were $6.220,000, or $685.
ESQ more than last year.
Z Net Profits Aggregate $2.2O9.O00.
Deducting from the gross earnings
the amount of expenses paid, the
ssociations showed net earnings in
The period of $2,621 900, excluding
lao, 900 recovered on assets previously
charged off. Losses and depreciation
charged off in the year were 1852 900.
gainst a total Of $54S,o00 the year
previous.
The aggregate of net earnings and
recoveries in the year, $2.761 900, less
the losses and depreciation charged
IF, resulted in a net addition to profits
II $2,209 900 and showed decrease in
his item of $216, 900 since the returns
for the fiscal year ended June 80,
1926.
The principal earnings received by
these associations in 1927 We're from
interest and discount loans 5,517 900,
nd interest, including dividends. on
investments, 81 ,463, 900. The major
expense items We're salaries and
ages, 81, 162, 900, and interest paid on
time deposits, $1.357,000.
Building Associations Prosper.
The total resources of the % build.
ing and loan associations operating
.srthe District of Columbia, under the
supervision of the controller Of the
currency. on June 80, 1927, were $780,
-Hss 900. and exceeded BY %, 256, 900 the
. esources of the same number Of asso-
'-iations on june aASnflast<year.
The loans showed an increase in
he year of $4.159.0o0, or from $46.-
: 81 900 to $50,940.000. Instaliment
Ayn1ents on shares also increased
from $42, 794, 900 to $47. 1887 900.
There were Is of the associations
on the permanent plan, six
IN the serial plan and one on the
! Eliminating plan. One of the asso-
r:ations requires intallment dues on
1ayments of $3.50, one payments of
and the remaining 20 payments of
u. On June 80, 1927, these associ.
tons had a total membership of 61,-
IL. as compared with 60,087 members
he preceding year. Borrowing and
on-borrowing members in the current
car were 1888 and 44,704. respec-
tvely.
Sanitary Grocery Reaches 1O5.
Sanitary Grocery preferred reached
= new peak on the Washington Stock
Exchange when it sold at los. Mer-
t:enthaler sold at 107, Lanston at 1879
nd 1878. Potomac Electric Power
r. IS preferred at 1861 and 1861, and
- shares of Capital Traction changed
lands at 10S%.
Bonds were firm. Gas 6s, series B.
nloved at 10Y; $1,000 series A
brought log, while two 81 900 Wash.
'lgton Gas 5s came out at 1O4A.
here was $4,000 transfer in Wash
1gton Railway and Electric general
ISL at 1041s.
| Capital Traction and Mergenthaler
I pw are quoted ex dividend.
1928 Outlook BEARS Watching"
At present there appears to be mo
"pnvincing trend one way or the
.ner, except that the picture seems
Z ftner significantly to divide itself
eto two PARASITIC industrial side
hd the financial" says the current
sue OF the American Bankers Asso.
dtion journal in its monthly bust
IS review, adding that 1.-The financial
=-.de contains several elements that
~'sill bear careful watching"
IL higher money rates or other
Fauses should cause stock prices to
umble and mark few hundred mill
on dollars off the value of securities.
ms would decrease purchasing power
''t investors and spectators. whose
number is believed larger than ever
before. Such a possible decrease of
purchasing power affecting the entire
population would not only affect 1925
buying, but also payments on the
sarge volume of installment contra cts
outstanding on automobile and other
merchandise, as well as real estate. To
alaintain these installment payments
recourse would doubtless be made to
commercial bank credit. which is hard.
ly in position to stand such an in.
creased burden"
Heard i'm Financial District.
w. w. Spaid, president of the Dis.
trict Bankers Association, has beer
called to Cambridge, Ohio. by the
Heath OF his mother. She was IS years
old and had been in falling health for
several weeks, Mr.. Spaid having made
frequent trips to see her. Death was
Tue to a general breakdown, due to
her advanced age
Subscription books for the Treas
ltry's $250,000,000 ga per cent one
scar certificates of Indebtedness have
iieen closed.