Evening star., 1938-10-23
D. c. BANKS HOLD
STRONG POSITION,
SUMMARY SHOWS
Assets Reach $378,167,0OO
Against $354,517,OOO
on June 30 Call.
CASH HOLDINGS RISE
TO $12,076,0OO LEVEL
Savings Accounts Total 268, 800,
Compared With 267 ,931 in June.
Retail Trade Lags.
BY EDWARD C. STONE.


Washington's % active banks were
In strong position on September %,
the date of the controller of the cur
rency's call, according to a summary
OF the reports made public by the
Treasury Department yesterday. Total
assets in the % banks amounted to
1878, 8,167 900. compared with the lower
sum of $354.517. 900 on June 80 this
year and $369, 9,246 900 on December 81,
1887.
The report states that loans and
discounts, including rediscounts, in
the banks were totaled $99, ,592, 900, as
compared with 98,179,000 on June 80
and $103,812,000 on December 81,
1887.
United States Government securi-
ties, direct obligations, totaled $780,
100000 on September %, against
$85,853, 900 on June 80 and 500, ,668, 900
on the last day of 1887. OF the more
than $90,000,000 total, the national
banks carried s53,976, 900, the savings
banks $2,541 900 and the trust COM
panies $33,685,000.
Securities fully guaranteed by the
Government totaled S21,238,000 on
September %, $20,162,O0O on June 80
and 2l,218000 on December 81, 1887.
Other stocks, bonds and securities
amounted to $24,374,00O on Septem-
Der %. to $24 ,493, 900 on June 80 and
e23,981 900 on December 81.
Washington banks had reserves with
the Federal Reserve Bank and other
approved reserve agencies in the sum
of SCI, ,957, 900 on September %.
against $46,9l3,000 on June 80. 1898,
and $5l ,655 900 on December 81 last,
the report states.
Much Cash in Vaults.
Here as elsewhere the banks have
a large amount Of cash in their vaults,
the figure standing at $l2,O76,OOO, as
compared with $9,199,O0o at the end
Of June and $8,27o,00O at the end of
last December. On the date of the
September call, the nine national
banks had $7,692,o00 cash in vaults,
the eight savings banks $1,4O7,000
and the five trust companies
s2,977, 900.
The 20 banks carried total deposits
on September % of $3.50, ,625 900, the
report says, compared with $685.
1862 900 on June 30 and $322, ,652 900
at the end of 1887. The national
banks reported $194, 900, the saw
ings banks s31, ,535 900 and the trust
companies $104, $4,000.
The banks have an aggregate sur
plus Of $14.727 600, against $l4,602 900
in June and s14420,0OO last Deem
Der. They reported undivided profits
aggregating s8,5s3 900, compared with
$8,793 900 in June and $7,91900O in
December.
The Treasury review indicates a
growing tendency toward thrift in the
Capital, the number of accounts evi-
denced by savings pass books stand
ing at 268,820 on September %, at
1881 on June 80 and 26O,882 on De-
cember 81. OF these savings accounts,
107,183 were with the national banks,
1929 in the savings banks and o.
4l4 with the trust companies, the
analysis disclosed.
The report adds that % banks have
capital stock amounting to $19,582 900
in comparison with $19,59000O on
June 80 and s19,69O,OOO on December
81, the value being placed at par. The
banks had $1,132,000 in preferred
and s18,250,00O in common stock out
standing on September %, the sum-
mary shows.
D. c. Retail Trade Lags
Department store sales in Washing
ton during the past week registered a
decrease from the previous week and
also from the corresponding week a
year ago, the Commerce Department
reported yesterday in reviewing condi-
tions in SO key cities.
One store reported an increase over
the prtvious week; all others recorded
decreases averaging 794 per cent.
Compared with last year, one store re-
ported business on par; all others
noted decreases averaging GIT per
cent.
Continued warm weather adversely
affected purchases of fall and winter
merchandise, the report said. Here
as elsewhere the unseasonably higher
(See STONE, Page E-4)