Evening star., 1936-08-02
SHARP GAIN SEEN
IN BANK DEPOSITS
OF.F|FTH DISTRICT
Advance of S45,454,000
Reported by Institutions
in This Territory.
WEEKS TRADE HERE
AGAIN AHEAD OF 1885
Capital Bankers Make Plans to
Attend A. B. A. Convention
in San Francisco in Fall.
BY EDWARD C. STONE.


Between July II 1885, and July
Is, 1886, the Al member banks re-
porting to the Federal Reserve Bank
of Richmond increased loans on Sc
curities by $2,740,0O0 and all other
loans, which are largely agricultural
or commercial, rose by $500, 1000, a
total rise in loans and discounts
amounting to ss,o6O,oO0. it was re-
ported yesterday.
The Richmond Bank reported that
Investments in bonds and stocks rose
by $29,218000 during the year un-
der review, chiefly in short-term Gov
ernment obligations on which the re-
turn is low. The aggregate reserve
balance Of the reporting banks at
the Federal Reserve Bank advanced
BY $30,041 900 during the past year
and on July Is, 1886, cash in vaults
totaled 1855, 900 more than ON July
~, 1885.
Deposits increased materially be-
tween July last year and this. de-
mand deposits rising by $42,52l 900
and time deposits gaining $2,933,00
or a total of $45,454,000. Nearly all
the increases in deposits in the last
three years have been in demand de-
posts, the Richmond bank says.
None OF the Al reporting banks was
borrowing at the Reserve bank between
July, 1885 and 1886.
Time deposits in the regularly re-
porting member banks and aggre-
gate deposits in II mutual savings
banks total s406, ,520,345 at the end
of June, this year, a higher figure
than s401, ,52o,345 at the end of May
or 1896, 5,505,846 at the end of June
a year ago. Both member banks and
mutual savings banks gained in de-
posits during June and during the
year.
Weekly Trade Again Good.
During the past week sales in
Washington department stores were
lower than in the previous week but
1l.6 per cent above the correspond
ing week in 1885. the Department of
Commerce reported yesterday. Bank
clearings were 15.5 per cent ahead
of the like week a year ago, although
lover than in the previous week this
year.
The value of building permits rose
sharply with total of $1,000, 300 in
comparison with 1914, 800 in the pre-
vious week and s50l 200 for the same
week last year. The figures included
D $750,000 department store ware
house. Tourist activities were far
ahead Of the previous week and the
same week a year ago, according to
Smithsonian Institution reports.
The rest of the fifth Reserve district
also did well. Retail trade was sub
stantially better than a year ago.
Clearance sales helped Baltimore
trade. Bank clearings were higher
than a year ago, sharp advances being
reported in some cities. The report
shows that wholesale trade has also
stepped up perceptably in the past
few days.
Convention Interest Grows.
Interest Is growing among Washing
ton bankers in the annual convention
of the American Bankers Association
which takes place September 21-24 in
San Francisco.
At least five bankers from the Cap
ltal and probably more, are planning
10 attend the sessions, requests already
having been sent in for hotel reserva-
tionS. The list so far includes:
Karl w. Corby. president of the Dis
trict Bankers Association and part
ner in w. B. Hbbs & Co.; John A.
Reilly, president, Second National
Bank; Wilmer j. Waller, vice presi-
dent and cashier, Hamilton National
Bank, and Thomas j. Groom, first
vice president of the District Bankers
Association and vice president and
cashier of the Bank of Commerce &
Savings.
Reservations have, of course, been
made by A. B. A. headquarters for
Robert v. Fleming, president of the
national association and of the Riggs
National Bank, who will preside at all
the general sessions and also take an
active part in many Of the section
meetings.
The quarterly report of Receiver
John r. Moran, for the Park Savings
Bank, showed remaining assets valued
at about 100000, compared with a
book value Of $1,114, ,39361. Depositors
80 far have received 20 per cent of
their former deposits.
Receiver Moran reported few days
ago that the Departmental Bank,
which has paid 80 per cent in divi-
dends, still has assets with an esti-
mated value of $4,000 and that the
North Capital Savings Bank, which
has paid out Is per cent dividends to
depositors, has remaining assets with
q book value of 1910, ,49292 and an
estimated value of $309,150.
The Washington Stock Exchange
enjoyed an unusually good week, so
far as volume and price levels were
concerned. Late in the week Mer-
genthaler Linotype recorded several
sales at AZ, close to the high for the
year. National Capital Bank stock
moved at 140, while the final session
saw 40 shares Of Washington Loan g.
Trust Co. stock change ownership at
225. Capital Transit stock was strong
ut II. Bonds figured in their share
Of the trading at strong prices.