The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1928-11-07
LOAN FIGURES
SHOW LIBERAL
BANK POLICIES
Loans and Discounts Decrease
During Season But Increase
Since June
BIG RESERVES CARRIED
Farmers Holding Grain from,
Elevators Keep Deposits to
Small Increase

Sound banking conditions prevail
in North Dakota, according to Off
Gals of the state banking depart
ment who have compiled the state
ment showing the condition of all
state banks at the time of the last
call for a report on October 3.
Deposits have increased and loans
and discounts also have gone up, in
dicating a tendency on the part of
banks to be more liberal in their
loaning policy.
At the same time, it is pointed out,
the statements of the banks do not
show as heavy an increase in de-
posts as might reasonably be ex-
pected from the sale of crops pro-
duced this year, -, reason being
that . relatively sal e part Of the
wheat and other crops is being held
on the farms in hope of obtaining
higher prices.
Loans and discounts on October 3
totalled 6,4O2, 647.7O, as COMPARED
with $44,292, 538.84 on June 80 and
ISL ,S63, 279.O3 on October 10, 1927.
This is a decrease of ST, 46O, 631 .33
during the year but an increase Of
$2,11O, 1886 soc June.
Stocks Show Increase
Warrants, stocks and bonds on
hand totalled $4,305, 191.64, a de-
crease Of $252, 3O4.12 since a year
ago and $189,661.34 since June.
Holdings of government issues ag-
gregate $2,7O4, 262.85, an increase of
1851, 124.79 during the year and of
$120,301.24 since June.
Other real estate, representing
largely land taken over by banks
on mortgage foreclosures, is placed
at $4,661, 714.82, decrease of $685.
759.43 since October a year ago and
$17,O73.71 since June.
All banks are carrying heavy re-
serves with approved federal reserve
agents, some of the money from this
years crop having not yet been in
vested. This item totals $12,O87,-
671.56, an increase of $1,51O,O22.97
since October of last year and So,
9O2,153.O7 since June. Other cash
items and amounts due from other
banks show proportionate increase
with the exception of cash on hand
The latter item totals $2,285, 1928
an increase of $4O,387.19 since June
but decrease Of $177,243.67 since
October year ago.
SURPRISES Decrease
The surplus funds of the 34s
state banks and three trust com.
panies reporting are placed at ST..
236,2O7.1l, decrease of 153,124.74
during the year and of $39, 700 since
June.
Items due to other banks amount
ed to $3O3, 329.17 or $218,879.19 less
than in October year ago but 1884,
1888 more than in June.
Deposits subject to check aggre-
gate $30,348,053.65, a decrease OF
$2,178,655.54 since last year, when
the crop was liquidated more rapidly
but an increase of $7,191 ,599.67 since
June.
Demand certificates Of deposit
another form Of "quick" money. total
1907, 1859, an increase of $514,186.
10 since October, 1927, and Of $279,
408.O5 since June.
Deposits Are Small
Time certificates of deposit, how.
ever, show . marked decrease, many
persons having apparently not yet
decided how to invest returns from
this years crop. The figures show
SCI, 153,317.71 invested in this man
ner, or $4,358, 9O8.O4 less than a yea
ago and 1891 1921 less than il
June.
Saving deposits likewise have de
creased, the 5000, 627.77 in tina
classification being $149,775.49 les
than in October last year and 1927,
292.28 less than in June.
Total deposits were SGT, 47O, 681.4
as compared with $73,109,172.78
year ago and $59, 761, 1882 in June
This is an increase Of $6,708, 801.9
from June to October.
Total reserves are placed at $14
S95, 098.05 as compared with SIG,
51l,111.70 : year ago and $40, 784,
513.64 in June.
The reserve required on Octobe
8 was $9,669, 341.75, giving = sur
plus reserve at the time Of the cal
Of 5000, $500.