Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-03
D. c. BANK DEPOSITS
REVEAL SHR|NKAGE.
Expected Decline in Totals
Is Shown Following Con-
trolIer'S Call.
BY EDWARD C. STONE.

BY EDWARD G. STONE.
As had been predicted by Washington
bankers ever since the Wall Street
crash, local banks showed a falling of
In deposits on December 81, the date
of the call issutd by Controller Pole
today asking for the condition state
ment of all the banks in the city, as
well as of all the national banks in the
country.
OF the first 80 local banks reached
after the call was announced this fore
noon. seven showed gains in deposits
since the call of October 4, and % 9TH
ers revealed declines, the amount of the
falling of in deposits varying consid-
erably.
In some instances the banks lost only
about the amounts paid out to men,
bers of their Christmas Savings Clubs.
In other cases, funds withdrawn to pro-
Ject commitments in the New York
Stock market made a more severe re-
dhction in deposit totals.
All three classes of financial institu-
tons suffered, the national banks, saw
ingS banks and trust companies. OF the
seven local trust companies two report
ed deposit gains and five losses. Many
more national and savings banks also
reported a slump in their deposits than
had increases.
SHAC1 hCdSOAS AOE 1CChHCSs
The Riggs National Bank, which re-
ported the largest deposits on record
at the time of the October call, reported
a decline today. The largest advance
in deposits was reported by the Wash
ington Loan e. Trust Co. MunSey
Trust. which opened a Christmas Saw
ings Club for the first time this year,
also had an increase.
The Commercial National came for
ward with substantial gain. Among
others were the Federal-American and
the National Capital. Most of the saw
ings banks, which have recently report
ed renewed interest in savings accounts,
reported moderate losses.
Bankers give the chief reasons for
the lower deposits as the break in the
New York stock market, which affected
business all over the country; the pay
ing out of $1,000, 900 in local Christmas
Savings Club funds; the final internal
revenue tax payment on December Is,
and the fact that the october call found
the local banks more than SIS 900 900
ahead in deposits over the June 90 call
That was a hard pace to equal.
Following are comparisons of the two
last calls from as many banks as could
be reached in the very limited time
before going to press:
Last Two Bank Calls Compared.
Dec. 81, '2s. Oct. 4, 20.
American Sec. & Tr.. s2s.50s,2l2 s31.7s2.304
Bank Of Com. & Saw. 1,s2I.s1s 2,os4.27S
Columbia National -. 4,Oss,26s 4.651,433
Commercial National. Ie,I44,547 15,s74,4s2
Continental Trust -. 2.s40,s73 2,s33,I89
District National ..... S,385,2S7 9,0Ss,40o
Federal-American 80. l1,6l1,o5s ll.1oo,4ls
Franklin National -. 4,540,459 4,94e,s75
Natl. Bank of wash. s.52s,525 s,2sl.o2s
National Capital $50. 2.o75,42s 1.732,s55
National Metropolitan. l7,s28,74o ls.s35.44s
Natl. Savings & Trust ll,os6,sOI 11,s44.357
Park Savings ........ S,3S0,37s 3,s34.82s
Potomac Savings 49,. s,4s5,so2 S,53s,l12
Riggs National ...... 4s,o12,124 S1,s2l,o7s
Second National ..... 6,125,56o 6,5el,s33
Security Saw. & Com. 5,76I,76s 6,3l6.s89
Seventh st. Savings. 1.7s42s5 1.sSI.3s2
Union Trust Co. 49,. 7,s5s,5l4 s.ss5.4O4
Liberty National 49,. S.3s7.4s4 3.345.157
Lincoln National -. s.3o2.sOs s.s7s.235
McLachlen Bank -. I,727,3Is 2.Io2,sSs
Merchants Blk Tr. 7.s51,S55 s,7ss,os5
Mount Vernon Savings 3,s24,s72 4,l3e,s4S
Munsey Trust Co. 80. 5,092,e7l 4.7s2,024
United States Savings 7,475,sl7 2,522.OO5
Wash. Loan Trust. 17,26S.s57 14.sl1.l46
Anacostia Bank $500. I,3i7,7eo 1.S96,264
Chevy Chase Savings. s85.l77 l.O23,l4o
Washington Mechanics 9.54s,o42 2,724161
Capital Traction Reports.
The Capital Traction Co. filed its No
vennber report with the Public Utilities
Commission today. The traction COM
pany showed a slight increase in net in
comparison with the same month a year
ago, gain of $875.03. The comparative
figures for November, 1929, and Novem
Der, 1928, follow: