Evening star., 1933-08-21
TREASURY DRIVES
0NBANK REOPEN|NG
1902 Institutions Emerge
From Holiday With $780,
86O,491,O0 Resources.
BY the Associated Press.


structure, its task made more clear-cu
by official figures showing that 1902
financial institutions had emerged from
the hectic March holiday with avail
able resources of $2O,S6O ,4sl 900.
That was the condition of the banks
last June 80. Since then more banks
have re-Opened, some few have closed
egain But at the end OF June the
additional 985 national banks still
closed or operating on a restricted basis
had assets of S1,441 ,436, ,000
It was the TreasuryS job to put more
concentration now on these SO they may
be reopened or reorganized and their
total deposits of sl,028, BAT 900 made
available.
Figures like these regularly are gath
: ered by the controller of the currency,
who issues periodic calls at times he Sc
lects for condition reports on national
banks June 80 was the last. The lat
est before that was December 81, 1882;
there was another on June 80, 1882.
Assets Increased.
In December, 60l6 national banks
reported assets of S23, ,3lo,974, 600; on
the last day Of June year ago, 6,l5o
reported assets of S2z,367,711 900.
At the end of June the licensed ma
tional banks had total deposits OF Sl6,-
TAILS. a decrease Of Sl,743 $4,000
since December and a drop of $685.
5000 in the year. But the unlicensed
banks had deposits of 81 028 BAT 900.
Deposits of the licensed institutions
Included demand deposits of 1884 ,127,-
boo and time deposits of S6,2l6,9l7, 900.
The latter figure included savings de-
posts of 81 28l ,521 900 and represented
12,023, ,986 accounts.
The book value Of the capital stock
of the licensed banks aggregated 81 ,ol5.-
B47, 900 and represented authorized and
paid-in capital stock of $l,517 ,205 900
This figure included S50,973, 900 class
A preferred stock, $4,000, 900 class B
stock, and ST ,463 432 900 common stock.
Surplus Funds Decrease.
Surplus funds of ss4O, ,5ss 900, net
undivided profits of s235, 10000 and
reserve for contingencies of Sl64. .709 900,
a total of sl340 GOT 900, showed de-
creases in the six and twelve months OF
$269. .OOl 900 and 1869 $4,000, respec-
lively The authorized and paid-in
capital stock of the unlicensed banks
was S117.878,000.
Money borrowed by the licensed banks
amounted to Sl17,855,00 which was
$3.50. TAI 900 less than reported in De-
cember and 1899. .935 900 less than in
June, 1882 The banks also reported
they had increased their, holdings Of
United States Government securities to
S4,O3I.576. .OO0 an advance of s270 500
600 in six months and $678, ,9l0 900 in
the year
The controllers full statement fol-
lows:
Controller Of the Currency J. F. T
O'Connor announced today that the
aggregate assets Of the 1902 licensed
national banks operating on an unre-
stricted basis in the continental United
States, Alaska and Hawaii on June 80
1888, the date of the recent call lor
statements of condition, amounted to
$40, 1850, ,4s1 600, in comparison with
assets totaling $23 BIC, ,974,0 reported
by 6.O16 national banks as of December
81, 1882, the date of the previous call
and assets of $22, 1867, I'll 900 reported by
6.150 national banks as Of June 80, 1882
the date of the corresponding cali a
year ago On June 80, 1888, the assets
of the 985 unlicensed national banks,
l. e., those operating under restriction
or not operating at all, aggregated
81 AL ,436,000,
Loans and Discounts.
Loans and discounts, including re-
discounts. fer June 80, 1888, of the
49O2 licensed banks amounted to
S8,116. 972 ,000 which is a decrease of
81. 1.727 064 .006 since Dect -lber 81 and a
decrease of s2,164, ,704 900 since June
80 1882.
Holdings of United States Govern
ment securities on June 80, 1888, ag-
gregated s4,031 ,576, 900. which was an
increase of S270 690. 900 since December
and an increase of s678910, 900 in the
year. Other miscellaneous bonds, stocks
and securities owned totaled $3,340 ,055.-
000 showing decreases of $482 495, 900
and $500, 3,931 ,000 respectively, in the
and II month periods.
Balances due from correspondent
banks and bankers of s3793. AGO 900,
which included reserve with Federal
Reserve banks of 81 l,412.127, 900, showed
q decrease of $3.50, 1872 900 since Decem-
ber, but an increase of $685., 73l 900
since June last year. Cash in banks of
and Il month periods of $40 238 900
and $40 926,000, respectively
The book value of the capital stock
of licensed banks on June 80, 1888,
amounted to S1.5i5, SAT 900 and repre-
sented authorized and paid-in capital
stock of $1.517 ,295 900, the latter figure
including Class A preferred stock of
$50 ,973 900. Glass B preferred stock of
81 800 900 and common stock of 81 ,463,-
432 600 Surplus funds of S940 .598 900.
net undivided profits of s235 600 900
and reserves for contingencies of s164,-
709 900, total of ST $40 GOT 900, showed
decreases in the and II month
periods of 1863 ,00l 900 and 1859 ,958 900.
respectively. The authorized and paid
in capital stock of the 985 unlicensed
national banks on June 80, 1888, was
$ll7. 7.878 900.
Liability of the licensed banks on
account of circulating notes outstand-
$3.50 069 900 on December 81, 1882, and
1852, 1853, 900 on June 80, 1882.
Deposit Liabilities.
THE total deposit liabilities of IL
censed banks were S16,774. lis 900.
showing a decrease of s1,743, ,992 900
since December and a decrease of $685.,
10000 since June year ago. The
aggregate on the date of the recent
call included balances due to CORE
spondent banks and bankers and certi-
fled and cashiers checks outstanding
of $2.213.410, ,000 United States deposits
Of s449 661 900, other demand deposits
of s7894 l27 900 and time deposits of
$6,216,917,000. In the total of time de-
posits are included postal savings of
S574713,000. time certificates of de-
posit of S766. 783 900. and savings pass
book accounts of S4,28l 521 900, the
latter figure representing 12,023,9 1856 &C
counts. The total deposits of the 985
unlicensed national banks on June 80,
1888 aggregate 81 l,028, 347, 900.
Money borrowed by the licensed
banks, aggregating $l17,855, 900. repre-
sented by bills payable of s88 528, ,000
and rediscounts of s29 1927, 1000, was
$230741 900 less than reported in De-
cember and s389, OBS, 900 less than on
June 80, 1882.
THE percentage of loans and dis
counts to total deposits on June 80.
1888 was 4839, in comparison with
53.16 on December 81, 1882, and 58.88
on June 30, 1882"