Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-19
TREASURY REPORT
SHOWS D. c. BANKS
|NF|NE CONDITION
Controllers Analysis Reveals
Substantial Reserves and
Sharp Deposit Gains.
UNDIVIDED PROFITS TOP
FIGURES OF YEAR AGO
New Book Presents Detailed In.
formation on All Leading To-
cal Securities.
BY EDWARD C. STONE.

Washington banks are in an unusually
sound and enviable position, judging by
the report just made by Controller OF
the Currency John w. Pole, summarize
ing the condition Of the national banks,
savings banks and trust companies on
June 80, 1881.
Controller Poles abstract, based upon
an individual report made ny every
bank In the city, presents some IN
tensely interesting comparisons with
June 80 a year ago and with March 70,
1881, the date Of the last previous call.
The 80 banks In the city now nave
paid in capital stock amounting 10
S23, 500, 900, compared with the exact
same figure last March ana $2S,szS,OUo
in June of last year. The banks nave
an aggregate surplus fund OF $20,3O2,-
900, against practically the same figure
last March and a slightly higher hgure
on June 80, 1880.
Undivided profits, net, now total
5000, 900, compared with $6.783,OOO In
March of this year and $6,325 900 IN
June, 1880. Reserves for dividends, ETC..
arc practically the same as they have
been for the past year. The same is
true for interest, taxes and other ex-
NSIIoSS hCCkuC0 SA3AO AAAP0AA'
Substantial Deposit Gains.
COMPARISONS show demand deposits
of Sl35 ,924, 900, against the higher ngure
of sI43,25 900 in March and the lower
total of $133, 900 in June OF last
year. Time deposits are larger than on
either Of the other dates, being S118,-
sO1 900 in June of this year, 16,5O1,-
600 in March and $109 100000 in June
A. w
tngs deposits in local banks gained
about $4,000 900 in the past IL months,
while deposits Of all kinds have adj
Vanced more than sic, 100000.
Resources of the local banks include
q. S. Government securities owned TO
the amount Of $44666 900 in June. COM
pared with $42,674,00o in March and
S31 1853, 900 in June, 1880. Other stocks,
bonds and securities owned totaled S46.-
324,o00 at the end Of June, $44, 100000
in March and $34.724,0 900 in June a
year ago. The local banks are now
carrying loans and discounts, including
rediscounts. amounting to S158, $50 900
against $l6l, 1880 in March and
$i76,652, 900 In June, 1880.
The national banks have reserve
with the Federal Reserve Bank Of Rich
mond of $9,907 900, slightly under the
March total and just above the $9,508,-
900 reserve in June o year ago. The
SO local banks had cash in their vaults
at the end Of June amounting to So
$4,000, In comparison with SIC ,222, 600
on March IS, and $5,560,000 on the
June call q year ago. These interest
ing figures indicate that the banks here
were carrying the most cash IN their
vaults three months ago than they have
ever held In reserve. It Is evident that
oficials see no good reason for keeping
20 much money on hand at present.
Facts on Washington Securities.
Sixty-four pages Of valuable informa-
ton regarding washington securities
is contained In the 1891 edition of
Facts and Figures on Washington Sc
curities." Just issued by Y. E. Booker
& Co., investment bankers, 730 Fifteenth
street northwest.
Detailed information regarding the
earnings, capital structure, dividends,
price range, ETC., on the Potomac Elec-
trio Power Co., Washington Railway 6
Electric Co., Capital Traction Co.,
Washington Gas Light Co. and Wash
ington Rapid Transit Co., for the past
FIVE years, is presented in most con-
venient form.
There Is also given very complete
statistics on the washington banks,
showing in separate columns, the CAPT.
tai, surplus, undivided profits and re-
serves for each institution, dividend
rates, book value and price range dur
ing the past IL months.
Another feature of the new book
which is particularly helpful to Wash
ington bank officials Is the fact that 1t
gives information regarding the capital
structure, officers, etc., Of dozens of the
smaller Washington companies whose
securities are not listed, and regarding
which little information Is available
elsewhere.
The District Of Columbia intangible
tax, the real estate tax and court rules
governing the investment Of trust
funds in the District Of Columbia, also
are given In detail.
This Is the sixth year that Mr..
Booker and his associates have brought
out such a publication.
Cleaned In Financial District.
Vice President C. H. Pope Of the
Munsey Trust Co. is passing a months
vacation in Goshen, N. Y.
Arthur Forake, former local man
ager for Eastman, Dillon & Co., and
now with Auchincloss, Parker g. Red
path, Is passing his vacation at Blue
Ridge Summit.
NJ r. Calnan, vice president and
cashier Of the Liberty National Bank,
has returned from a short vacation
passed In the vicinity of washington.
Harry M. Wheeler Of w. B. Hibbs &
Co, started on his vacation few days
ago, most of which he will spend at
Cape May, N. j.
The Interstate Commerce Commits
sion has authorized the Chicago &
Northwestern Railway to issue $3,000,-
900 in general mortgage Az per cent
gold bonds of 1887 which, will be
pledged as collateral for three-month
note of 100000.
The Riggs National Bank has placed
q new skylight over the main lobby in
the main ONCE. 1t makes such DIFF
ference that artificial lights are not
needed on bright days.
E. A. Pierce & Co. are distributing
from the Washington Office copies Of an
article on the chain stores entitled
Pointing for Bigger and Better Bust
ness" reprinted from Barrons' Of
July 10.