Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1932-09-02
Hood Issues
ReportAbout
State Banks
IL Year Study OF
State Banks Given
State Banks Decreased From $50 to
294 In II Months Time, Accord
ing To Official Reports
Resources Also Suffer Decline OF
Many Millions; Industrial Banks
Also Suffer Loss In Same Period

Resources of North Carolina State
banks, savings banks and trust COM
panies decreased to $199.927,S12.26
on June so, 1882, from $222,S1S,-
1902 six months ago and $751;
1~7S,4S9.69 a year ago while resour-
ces Of industrial banks decreased to
$15,828,587.32 last June 80 from
$19,599,o72.15 six months ago and
$4,000 ,791.S5 a year ago, the report
of Commissioner of Banks Quincy
P. Hood, on the call of that date.
shows.
State banks decreased in number
from $50, including 81 branches, a
year ago, to 294 banks, including rs
branches, last June so, while indus
trial banks decreased from 81, in
GLIDING - branches, a year ago, to
45, including six branches, on June
80, Commissioner Hoods report
shows.
The highest point reached in State
bank on the midyear date
was in 1928, when they totaled
s316.75O,5S3, from which the last
call shows a decrease of nearly Ill.,
100000. Assets of the s. national
banks on June 80, 1881, were $113,-
$4,000, which had dropped to as
sets of $91,590,00o in A. national
banks Dec. 81, 1881, the last figures
available. \
ings deposits in State banks dropped
more than $l7,ooo,ooo, to $2s,1o4,-
900, while time certificates of de-
post dropped nearly $lo,ooo,ooo, to
$17,5S3,000, while deposits subject to
check dwindled 81, 100000, to
$55,410,000. The banks, during the
past year increased their United
States bonds nearly 100000 to
$~15,7S4,0OO their North Carolina
bonds more han $2,0o0,0o0 to $12,-
O8o,00 and county and municipal
bonds more than 100000, to 49,
$4,000.
Other in that year show
ed fluctuations loans and discounts
diminishing $43 100000, to $685.
O0O,O 900; all other stocks and bonds
were O than $4,o00,oO0 less, to
$4,000, 900; banking houses, furni-
ture and fixtures dropped less than a
million dollars due from Federal re-
serve banks remained about the same,
s5,3o0,o0O due from approved de-
pository banks dropped $1o,ooo.ooo
to SIS 5000 due from nonappro-
we'd banks remained at about 3d.
00o, 900; cash in vault increased near
" $4,000, 900, to $~S,953,763; other
real estate increased nearly half a
million to $3,o94,Ooo, while resour-
ces in liquidation of banks decreased
from 1902, 900 to $60S,000.
Changes in other liabilities than
those listed above in the year include
decrease of more than 100000 in
capital stock, to $16,9o9,ooo, about
the same drop in surplus to $11,617'-
600 and a million dollar decrease in
undivided profits to $2,7s5,ooo; re-
serves for taxes etc., increased halt
4 million, to 50, 1000, 900; demand de-
posts due banks decreased $4,000
600; deposits due public officials in
creased more than 100000, to
s16,765,ooo; deposits secured by a
rledee of assets almost doubled to
Ss,215,ooo; dividend checks out
standing Of $sS,675 r about one
third the amount a year ago; bills
payable went up nearly three times
those of a year ago, to $12'727,ooo;
acceptances dropped to ~$15s'ooo
from three times as much a year ago:
Not included in the assets listed
are trust assets, which totaled $63,-
$4,000 on Dec. 81, 1881, the last
figures available.
Aggregate resources OF state oanks
and trust companies in North Caro-
lima for the past II years, made as
of June 50 each year, are shown as
follows:
1921-$242,374,000
i922- 243,565,000
1872 269,676,000
1924- 2%SO,618,o00
1875 2S7,476,0o0
1926 309,567,0o0
1927 3os,o40,oos
1e28- 316,75O,0O0