Evening star., 1936-01-29
UPTURN REVEALED
|NbANK EARNINGS
Richmond Federal Reserve
Reports $391,770 Net
for Last Year.
BY EDWARD c. STONE.

Striking Improvements IN net earn
ings of the Federal Reserve Bank
Of Richmond in 1885 were revealed
in the annual report submitted by
Gov. George J. Seay, and received
In Washington today.
Total gross earnings in 1885 amount
cd to $2,23l ,853.75. against $l,987,-
8O0.S5 in 1894 Total current eX-
penses took $3.50, ,083.35 in compare
son with S1,633, ,969.02 in the pre-
vious year, leaving current net earn
ings of 1891, ,770.40 as compared with
$353,831.83 a year ago.
Net profit for the year amounted
to $685., 1927 SO against $3l334693 in
the year 1894. Dividends paid to-
tailed $293 $3.50 in comparison with
$299,050.37 in 1884, leaving a total
balance in profits on December 81
Of $94,683.64 against only $14.296.56
at the end of the previous year.
Total reserves at the end of 1885
stood at $246.885, ,457 against $780,
395,176 a year ago. Total earnings
assets on the same date were over
$12l ,000, 900 against more than $105.-
100000 in the previous year, while
total resources were $429,419,218
against 1857, ,90l 1926.
Total deposits on December 81, 1885,
amounted to s182,455,8 ,831 compared
with $l35,135.342. Total capital was
more than $l3,000,0O0 against more
than sll,000,000 a year ago. Liabil-
tiles totaled $429,419,2l8. against $537,-
sol 1925 a year ago. Commitments to
make industrial advances totaled ST.
2o9 .224 as compared with only SAIL 900
in the previous year.
A great many more figures are in
eluded in the comprehensive report
all of which reflect the marked
progress attained in the Fifth Federal
Reserve district during the last year
The report is in marked contrast not
only to 1884. but to 1888 operations.
White Is Dean Among Bankers.
George w. White, who was re-
elected president of the National
Metropolitan Bank few days ago, is
the dean in point of service among
the heads of Washington banking in
stitutions. He has just completed q
years as president of the Metropolitan
The youngest bank president in
The city. both in service and age, is
John A. Reilly, now head Of the Sec
ond National At the time of his elec-
ton several years ago as president OF
the McLachlen Banking Corp, Laniel
p. McLachlen held the distinction OF
being the youngest bank chief.
George L. Starkey became president
of the National Bank of Washington
in 1924 and Floyd E. Davis took the
helm at the Lincoln National Bank al
about the same time. Robert V
Fleming took charge at Riggs some
10 years ago. Frank J. Stryker ha:
been president of the Columbia more
than 10 years. as has Henry H
Mckee, head of the National Capita
Bank It was some time later thai
Corcoran Thorn became head of the
American Security g. Trust Co.
Maurice D. Rosenberg, president ol
the Bank of Commerce g. Savings
stands close to the top of the list OF
veteran bank presidents. He has beer
at the head of his bank ever since il
was founded. Most of the other bank
presidents in the city have served
their institutions much shorter pc
riods. five years or so and IN somt
cases shorter periods.
Real Estate Bonds Improve.
Eli T. Watson g. Co., New York. has
just published its annual real estate
bond index. the review referring to
many Washington issues, including
comparisons for the past year and the
past three years.
In the past three years Ebbitt Hotel
first Sis have made the largest per.
centage gain of any local issue, being
up 2S8 per cent and % points. Next
in the three-year comparisons come
Mayflower Hotel first IS with a gain
Of 234 per cent.
In the comparisons covering the
past year. the following upward price
changes in points and in percentage
are noted:
nty1fc %