The Washington times., 1929-02-16
NATIONAL BANK
RESOURCES
GAIN
By HARRY GUSACK
Financial Editor

OF national banks, which reached
the amazing total of $40. .5S9, 1876, ,OOC
on December 81, 1928. was IN
nounced by the Comptroller OF the
Currency today.
The statement showed also that
the paid-in capital of national bank.
ing associations had increased $780,.
600 to new high mark of $1.616..
4f6,000, compared with the preced.
ing call
The combined resources of 1885
reporting banks exceeded by 81 ,63S,.
$4,000 the resources of 1876 banks
on October 5, 1928 the date Of the
previous call, and were $2,424,937, 900
greater than the figures reported
by 7,765 banks as of December 81
1927. the date of the corresponding
call a year ago.
Loans and discounts, including re.
discounts, on December 81, 1928,
amounted to $15.279.631, 900, an In.
crease of $386,270, 900 since October,
and an increase of $642 ,9O2, 900 in
the year.
Investments in United States Gov.
ernment securities owned totaIed
$3,00S,T23, 900, which is a reduction
of $3,S61, 900 since October, but an
increase of $3.50, 1853 ZOO in the year,
Other bonds, stocks, securities, ETC..
owned were $4,1I8, sos, 900. showing
an increase of $14,573, 900 since Octo.
ber but decrease of $33, ,349, 900
since December year ago.
Balances on the books of CORE.
spondent banks and bankers to the
credit of reporting banks, including
lawful reserve with Federal reserve
banks and items in process OF col.
lection. aggregated S. ,6S1, ,0O9, 900, ex.
ceeding by $1,099 .377,0OO and 81.
21S,200, 900 the aggregate of these
items reported on October 8, 1928.
and December 81, 1927 respectively.
Cash in vaults of 1888 ,129, 900 also
showed increases since October and
December a year ago of $23,648, 200
and $26, 1913 900. respectively.
Capital Stock Gains
The paid-in capital stock of the
reporting associations was $6l, l,616,.
$4,000, exceeding by $732, 900 the
paid-in capital on October 8, and
was greater by $S7 $4,000 than the
capital reported paid in as of De-
cember 81, 1927. Surplus funds OF
S1,490, 146,000 and net undivided
profits of $491, ,6S1 900, total of ST..
9S1, ,S27 900, showed a. reduction since
October 1928, of $1S,296, ,0e0, but an
increase in the year of $136, ,6S6, 600
Circulating notes outstanding
amounting to $3.50 ,405, 900. showed
increases since October 1923, and
December, 1927. of $1.S57 900 and
$32 900. respectively.
Amounts due to banks and
bankers. including certified and
cashiers checks, and cash letters OF
credit and travellers checks out
standing were $4,073, 551 900, ex
ceeding by $555. 5.619 900 and $42l,
sos 900, respectively these liabili
ties reported on October 3, 1928, and
December 81, 1927.
Demand deposits of $11, ,966, ,Sa1,
600. which included United Stayes
deposits of $1S6.170, 900, shows ar
increase of $3.50, ,4O3, 900 since
October, and an increase of 1867.
81, 900 since December, 1927.
Time Deposits Drop
Time deposits were $S, S,S06, ,9SS, 900
a decrease of $S,95S, 900 since Oc
tober, but an increase of S49s, sol, ,00t
in the year. Time deposits included
postal savings of $91 ITO, 900 and de
posits evidenced by savings pass
books of $5,977.7430 900, the latter
amount being represented by $14,
S79, 900 savings accounts.
The total individual deposits time
and demand), were $20,OS7, $50 900
and show increases since October
1928. and December, 1927, of $7O2,
$4,000 and 81 ,049, IFS 900, respec
lively. Total deposit liabilities or
December 81 1928, were $24,347, $50,
900. exceeding by $1,342. .069 900 the
total deposits on October 8, 1928
and We're $1,4S7, ,377 900 greater
than the amount reported on De
cember 81, 1927.
The liabilities for money borrowed
represented by bills payable Of
1892 ,S36, 900 and rediscounts of $192.
47S,000, aggregated $785, ,S09, 900 al
compared with s707. .5S1, 900 on Oc
tober 3, 1928, and s481, ,S82, 900 or
December 81, 1927.
The percentage of loans and dis
counts to total deposits on Decem
Der 81, 1928, was 62.76, in compari
son with 64.74 ON October 8, 1928
and 6403 on December Al 1927