Evening star., 1938-03-30
INSURED BANKS
REPORT CHANGES
Loans and Discounts at End
of 1887 Higher Than
in Previous Year.
BY HAROLD b. ROGERS.

BY HAROLD b. ROGERS.
Loans and discounts of insured COM
rnercial banks were per cent larger
in amount on December 81, 1887. than
a year previous, it was announced by
the Federal Deposit Insurance Corp,
but were per cent smaller in amount
than on June 80, 1887.
All banks in the District of Col
umbia are members of the F. D. c.
The comparative statement of assets
and liabilities of all insured COM
mercial banks issued by the corpora
ton revealed what were said to be
many significant changes" during the
year 1887
Total Assets Down.
Among them we're:
l. Total assets amounted to S54,-
200000,000, decline of $4,000, 900, 900,
or 3.5 per cent
2. Holdings of United States Gov
eminent obligations declined rs per
cent to about sl3,669, 100000
3. Holdings of State and municipal
obligations declined by per cent and
of all other securities by 12 per cent.
4. Total deposits on December 81,
1887, amounted to S47,2000 900, a
decline of about S2,OOO,o0O,OOO, or 4
per cent, from the figure reported on
December 81, 1886.
S. Interbank deposits declined by
81, 100000, or IA per cent.
6. Demand deposits of individuals,
partnerships and corporations declined
by s1,300,000,000, or 6 per cent.
7. Savings and time deposits of in
dividual, partnerships and corporations
Increased by about 4 per cent.
8. Total capital funds of the banks
increased slightly during the year re-
f1ecting increases in surplus and un-
divided profits which more than offset
retirements of preferred capital.
"Shipping" Month Planned.
The $50 employees here of the Rail-
way Express agency will join with
$1,000 in $4,000 cities and towns
throughout the country. in the Per-
feet Shipping Month";" April, an
nounced by the Shippers Regional Ad-
visory Board
Widespread interest was aroused last
year. according to L. o. Head, presi-
dent of the Railway Express Co., in
this joint effort of shippers and car
riers to reduce the economic waste and
remove the business irritations caused
by loss of and damage to shipments
in transit.
The 140.342,l63 shipments which
comprised the express agency's 1887
business included an almost endless
variety of commodities, yet damage
reported approximated only one ship
ment out of every thousand, despite
the fact that a substantial part of
the express traffic comprises easily
breakable or perishable goods.
CARROTS Plans Awaited.
Announcement was expected this
afternoon or early tomorrow concern
ing the future plans of George A.
Garrett. ne of the. resident partners
of Hartman & Keech which has con-
solidated with Winthrop, Mitchell
& Co.
1t has been indicated that Mr. Gar
rett and his associates will continue in
the general brokerage and investment
business at the Hartman & Keech
location at 815 Fifteenth street.
Meantime, Maj. Ferry K Heath,
the other resident partner of Hartman
g. Keech, today was completing plans
to assume his new post as resident
partner of Winthrop, Mitchell & Co,
with offices at their present location,
729 Fifteenth street
The new First Federal Savings &
Loan Association, which took over as
sets of Fidelity Building g. Loan As
sociation, is making substantial prog
ress, according to Carl H. Ellingson,
executive manager.
Fidelity Work Progressing.
Shareholders of Fidelity still are
being notified as to the days they are
to call, and about 45O of them are
being cleared each day Roughly 10
per cent of the accounts of Fidelity
are being transferred to the new First
Federal, Mr.. Ellingson reports. April
% has been fixed as the final day for
finishing the big job of clearing the
old Fidelity accounts.
Meantime, more than 100 substan-
tial new accounts have been received
by First Federal, despite the fact that
the staff is now mostly engaged in try
ing to wind up the Fidelity affairs, and
has made no effort to bring in new
business
The First Federal is the first institu-
tion of its kind in Washington under
auspices of the Federal Home Loan
Bank Board, and is member of the
Federal Home Loan Bank System.