The Washington times., 1929-05-06
NATIONAL BANK
RESOURCES
DROP
.-re NHMAA
BY HARRY GUSACK
Financial Editor

National Banks throughout the
country showed a decline in total
resources according to the last call
for the statements of between De.
cember 81, 1927, and March q, Of
this, it was announced by John w.
Pole, Comptroller of the Currency.
Resources Of the banks on the
last call date were $29,O21, ,s12, 900.
This figure, however, represented
a gain in the combined resources
Of $1,44s,225, 900 over the aggregate
reported on February %, 1928, the
corresponding spring of last year.
The aggregate resources OF the
1875 reporting national banks in
the continental United States,
Alaska, and Hawaii amounted to
$29, ,021, $4,000, which was a de-
crease of $1,567 ,244,O0O since the re-
turns made by 1855 banks on De-
cember 81, 1928. the date OF the
previous call, but an increase OF
81, 900 over the combined re-
sources reported by 7,734 banks as
of February %, 1928, the date of
the spring call a year ago.
Loans and Discounts
The loans and discounts on March
~, 1929, which included rediscountS
and customers liability under letters
of credit, were $14, $40 ,926, 900, and
showed a decrease OF $429, 9,705, 800
since December 81, 1928, but an m
crease of $659, ,346, 900 in the year.
Investments in United States
Government securities of $3.O96, $780,.
600, showed increases since De-
cember aud February, 1928, of $685.
O37 900 and $195, 1854, ,0OG, respectively.
Other bonds and securities held
amounting to $3,967 $4,000 We're
$3.50, 100000 less than in December
and $212 ,O09, 900 less than in Febru-
ary last year.
Amounts due from correspondent
banks and bankers, included lawful
reserve with Federal reserve banks
and items in process of collection,
aggregated $4,79O, ,1S9 900, which was
$500, 900 less than on the date
of the previous call, but $676, 6,79O,O0O
more than a year age. Cash in
vaults totaled 1868, ,491 900, showing
decreases since December 81, 1928,
and February %, 1928, of $24 1888, 900
and $6,737 900, respectively.
Capital stock paid in was $685.
271, 900, which amount was $685.
900 more than in December, 1928,
and $96,057 900 more than paid in
February, 1928. Surplus and un-
divided profits of $2,067, 100000 also
showed increases of $S5 5,243,00O and
$178,327, 900 since the date of the
preceding call and the spring call
last year, respectively.
National bank notes outstanding
of $647,S4S,O 900 were $2,557,OOO less
than in December, 1928, but $l,192,-
900 more than in February, 1928.
Balances on the books OF report
ing banks March q, 1929, due to
other banks and bankers, including
certified and cashiers checks. to-
gether with cash letters of credit
and travellers checks outstanding,
amounted to $3,498 1897 900, and
showed a decrease since December
of $575,154,O0O. but an increase Of
$101 ,264 900 since February last year
Demand deposits, including United
States deposits of $272,S93, 900,
totaled $1O,934, ,994 900. which amount
was $S45,727 900 less than on the
date OF the previous call, but $685.
6S7 900 greater than reported a
year ago.
Time deposits of $S,166, 596. 900,
which included postal savings Of
$91, ,0S7, 900, and deposits evidenced
by savings pass books of $5,922.-
SIS, 900, showed a reduction of $140,-
342,0 900 since December, but an in
crease in the year of STA, ,3S3, ,000.