The Washington times., 1928-02-08
BANKING FUNDS.
HIT "a BILLION
BY RICHARD HATTON

FOR the first time in the his
tory OF the national banking sys-
| tenn, the resources of the national
banks In the continental United
| states, Alaska. and Hawaii passed
the 5000, 100000 mark on De
cember 81, 1927 the date Of the
last cali for reports Of condition,
according to an announcement made
yesterday BY Comptroller OF the
Currency Mcintosh.
The Comptroller stated the conf.
bined resources Of 1855 reporting
national banks aggregated s2s.164,.
219, 900 on the date indicated, ex-
ceeding by $3.50. $4,000 the re-
sources of 1884 banks on October
10 1927. the date Of the previous
call. and were $2,4SO, $40 900 more
than the resources of 1912 report
ing anks on December 81, 1875.
Loans and discounts, including
rediscounts. OF those banks on De
cember 81, 1927, amounted to $14,.
S31 ,259, 900, an increase Of $464...
S3S, 900 since October, and greater
BY 1887 ,984, 900 than the amount
reported the year previous.
NJ. s. Securities
Investments iii United States
Government securities owned to-
tailed $2,747s54.oOo and showed
increases since October 10. 1927.
and December 81, 1926, Of $72.-
$4,000 and $465.283. 900, respective
ly. Other bonds, stocks, securl-
ties, etc, owned were s4,161 ,944, OOV.
showing an increase Of $40 BOT, OO0
since October and an increase q
$644, 10, 900 in the year,
Balances on the books OF CORE
spondent banks and bankers TO the
credit of reporting banks, Including
lawful reserve with Federal Re-
serve banks and items in process
Of collection aggregated 81, 49,, S0g.-
| 900. exceeding the amount IN &c.
tober by $S4,292. 900. but reduc.
ton in the year of So. 495 900. Cash
in vault tota1led 1881 ST., 300, and
was S13,S75,O00 less than on DC.
tober 10, but $8,667 900 more than
on December 81, 1925.
The paid in capital stock q tne
reporting associations on December
81 1927, was $1,52S,5O9, 600. exceeq*
ing by $40 ,125,000 and &1l7,Is6 900.
respectively. the paid in capital Of
reporting banks on October lO, 1871.
and December 81, 1925. Surplus
and undivided profits totaling
S1.s45,1g1,OOO showed also an In
crease 81 $3.50 900 since October. and
an increase Of $15O,e95, 900 In the
year.
Circulating notes outstanding
amounting to S650,373. 900 we're In
creased $4S7 900 since October. and
SIS. 924. 600 since December 81 the.
year previous.
Amounts Due Banks
Amounts due to banks and bank
ers, including certified checks,
cashiers checks and dividend checks
outstanding, were ss,ss2.O46. 900, ex-
ceedinR by s1s5 $4,000 and $22s,-
4O5. 900, respectively. those liabilities
reported on October 10, 1927, and
December 81, 1926.
Demand deposits of Sl1, 3s9 $50 900.
which included United States de-
posts of $169, 473 900. showed an
increase Of s219.5s5.O00 since Octo-
Der and an increase Of $49z,612,000
since December, 1925.
Time deposits. including postal
savings, were 81, sos, 437 900, an In
crease of S217,493, 900 since October,
and an increase Of $1,274, 995,O00 in
the year. Total Individual deposits
thine and demand) were $19. OBS, 1884,
900, as compared with $1S,5 ,zb5,-
900 on October 10, 1877, and $17,-
Arn n q
Total deposit liabilities on Decem-
Der 81, 1927, were $22, $50, 003. 600.
exceeding total deposits on October
10. 1927, and December 31, 1926, by
$572,765. 900 and I1,996,O12, 900, re.
spectively.
Liabilitiea for money borrowed.
represented by bills payable OF
$40, las, 900 and rediscounts Of ST.
233 900, aggregated $4S1 1882 900,
showing an increase since October
of $155 .052, 900, but q decrease Of
$4S,927 900 in the year.
The percentage Of loans and dis
counts to total deposits on December
81, 1927, was 64.SS, as compared
with GA on October 10, 1927, and
$500 on December 81. 1925.
New Security Branch
Inc security ShRtAkS oHu LIN.
mercial Bank is arranging to open
another branch office which will be
located at 1913 x st.
Sanitary Grocery Company, Inc,
has declared the regular quarterly
dividend of $1.62h share on the
preferred stock payable March to
stockholders of record February IL,
and the regular quarterly dividend
of 80 share on the common stock,
payable March Is to stockholders OF
record March s.
An important meeting OF the Dis
trict of Columbia Life Underwriters
Association will be held this eve.
ming in the City Club. The gather
ing Will be addressed by Lester o.
Schriver. assistant superintendent
of agencies of the Aetna Insurance
Company, who will speak on "A
New Era in Life Insurance"
Public offering of the securities
of the recently-organized Schultz
United Five Cent.to- One-Dollar Stores,
Inc, first joint enterprise of the
United Cigar Stores Company of
America and Schultz Retail Stores,
Inc, is expected this week. Present
plans point to the distribution of
100, 900 shares of convertible pre-