The Washington times., 1931-01-03
BANK DEPOSITS
IN WASHINGTON
SHOW GAIN
Riggs National Bank Still
Largest; AmeriCan-SeCurity
Deposits Are $50, ,497, ,247.35

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Deposits in Washington say
ings Bank, in the majority of
instances, show a marked gain
over figures reported a year ago,
detailed accounts being sent to
the Comptroller of Currency to-
day reveal.
In some instances the deposits
show a decrease between the
period of the bank call on Sep
tember "a, 1880. and the call
for deposits of record on De
cember 81. last.
The Riggs National Bank
showed the largest number OF
deposits with a total of $685.
900 at the close of business on
December 81. The figure repre-
Sents, according to officials Of
the institution, an increase Of
approximately $7,913,000 over the
deposits of $46,012,00 reported
at the close of business on De
cember 81, 1929. The bank re-
ported deposits amounting to
$51,793,O0O on September "a,
1890, the date of the last call.
Fleming Is President
Robert V. Fleming is president
of the Riggs Bank, while c. c.
Glover is chairman of the board
Of directtc-s.. Among the better
known vice presidents Of the in
stitution are William J. Flather
Avon M. Nevius and George o.
Vass, who in addition to that
post also occupies that Of cashier
tits the. custom Of the Comp
troller Of Currency. John Pole,
to call for the amount of de
posts on record several times q
year and the figures being mailed
him today are the ones which
he requires.
The American Security and
Trust Company reported deposits
totaling $50, 0,487 ,247.35 at the close
of business on December 81, last
This was a gain, officials indi'
Gated, of $2,693,O00 over the
figures reported on December 81
1929, when deposits reached the
total Of $29, sos, 900. At that time
however, officials said, there was
included in deposits the amount
of trust deposits. Since then the
Comptroller of the Currency has
ordered that these figures not be
included in the total, thus making
the growth of deposits Of the
bank larger. On September "a
1880. the institution reported a
total of $29, ,619.17 on deposit
Federal-American Gains
The FederalAmerican National
Bank and Trust Company, which
was recently formed when the
Merchants Bank and Trust Com
pany was merged with the Fed
eral-American Bank, will report
that deposits in the bank at the
close Of business December 81
1880, totaled $19,O70, ,435.4S. This
was q gain over the figures re
ported on the call of September
"a by the Federal-American Bank
Of $6,947. .039.27.
The Bank of Commerce and
Savings, officials Of the inStitu
tion said, will report a gain in
the amount Of money on deposit
ut the bank. According to the
report Of the bank deposits OF
record December 81, 1890, totaled
$1,844,517.19.
The District National Bank, &C.
cording to the report made by
officials to the Comptroller had
deposits amounting to $685..
O7T.14. This, the officials said,
was about $500, 900 below the fig
ure reported a year ago.
The Second National Bank will
report to the comptroller that they
had deposits amounting to $6,486.
1871 on hand December 81, 1880.
The Security Savings and Com
mercial Bank had deposits of
$6,234, ,412.8O on hand December
81, as compared with deposits Of
$6,264.502.70 on September "a,
1880.
Deposits amounting to $18,291,-
111.T2 will be reported on hand at
the close Of business December 81
last, officials Of the institution
said today.
Liberty Bank Off
The Liberty National Bank had
&3,626,826 in deposits on December
81, last. This is comparable with
the report Of September "a, 1880,
when deposits totaled $685.
639.36.
The Commercial National Bank
deposits, at the close Of business
on December 81, last, amounted to
$16,O69, ,424.49, which is compar-
able with the figures reported on
September "a. 1880, when deposits
amounted to $16,647, ,88O.46.
Deposits amounting to $4,2O6,-
386.6O were reported by the Mt.
Vernon Savings Bank as being on
hand last December 81. On Sep
tember "a, 1880, according to re-
ports of the bank. deposits were
$4,396, 1850. Officials also an
nounced that the bank had paid
out over 100000 in Christmas
savings.
Washington Loan and Trus t
Company records show a gain Of
$5O6,00 since the last call on
September "a. Deposits of this
Institution as of December 81
were $16,279, ,930.68. On Septem-
ber "a the deposits reached
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