Evening star., 1939-09-25
DC. Banks Disclose
Gains in Resources,
Deposits and Loans
Government Survey
Compares June Status
With Previous Year
By EDWARD C. STONE.

Pd1CO Will @oof,o4 d,uVU OIl IIlc CUT
responding date year ago, accord
ing to survey made public today
by the Federal Deposit Insurance
Corp.
Deposits in these insured banks
were listed as 1923 ,682 900, against
$500, 1862 900 on June 30, 1898, the
report adds. Demand deposits on
the latest call date amounted to
$212 ,599 900, compared with $172,-
665 900 year ago, while time de-
posits totaled Sill ,083 900, against
$l08, 100000 on June 80. 1898.
Loans and discounts of the re-
porting banks in Washington
amounted to $104 ,494,0 900, an in
crease of $6,295, 900 over the June
80, 1888 total, this figure year ago
standing at $98, 8,l99, 600.
Direct and guaranteed obligations
of the United States Government
listed by the District of Columbia
banks amounted to $1O6, 1921 900 on
June 30, 1899, as compared with
$l05 ,915 900 a year earlier. Other
securities totaled $24,O24,000, the
survey stated, this figure comparing
with $24,586, 900 in 1888.
Real Estate Loans Popular.
Analysis of the survey shows that
Washington banks carried $30,278,-
600 in loans on residential proper
ties on June 80, $4,000 on farm
property and $11,512,O00 on other
properties.
The nine national bank members
of the Federal Reserve System were
carrying $8,252 900 loans on residen-
tial properties, the four State bank
members Of the Federal Reserve
System S15,318,000 and nine banks
which are not members of the Fed
eral Reserve System had $6,708 900
In these loans.
The report discloses that the %
banks had total of $24 ,522 900 in
commercial and industrial loans. OF
this amount the nine national banks
carried s18,8l7 900, four State banks
$1,336,000 and nine other banks
s4,369,OO0.
Loans to brokers and dealers in
securities on June 80 were compar-
atively small amounting to only
$537,000 OF this sum, S268,0O0 was
loaned by national banks and $685.
600 by the other banks. Other loans
for the purpose of purchasing and
carrying securities, the report says,
amounted to $2,425 900.
The report also discloses that
Washington banks were carrying
SAG, 100000 in reserves with the Fed
eral Reserve System on June 30.
Among their assets the % Capital
banks hold securities totaling $780,
S45OOO.
Nationwide Deposits Soar.
Loans and discounts of the 1869
insured commercial banks through
out the country totaled SIG, ,040, ,373,-
600, an increase of 1914, ,793, 900, or
per cent, over the amount reported
June 80, 1898. Deposits increased
from $47,46O, TAI 900 reported the
previous year to $52,326, ,754 900, the
highest figure since Inauguration of
deposit insurance, the report says.
Resources of the IT'S insured COM
mercial banks in the State of Mary
land totaled s672, ,118,00O on June 80,
1899, compared with $602 ,271 900 a
year ago.
Deposits in the insured banks were
listed as $603 1872 900, against $532,-
$4,000 last year Demand deposits
of the latest call date amounted to
$400 SOB 900 and time deposits totaled
$2O2 $4,000.
Resources of the 313 insured COM
mercial banks in Virginia totaled
$685. 400 900 on June 30, compared
with 638,030,0OO.
Deposits in the insured banks were
listed as $595, ,124,000 against $549,-
$50 900 year ago. Demand deposits
of the latest call date amounted to
$318,723,000, and time deposits to-
tailed $276,40l, 900.
d. C. Credit Trends Shown.
Charles w. Prettyman, assistant
secretary Associated Retail Credit
Men of Washington, Inc, stated to-
day that the 1888 retail credit sur
vey a study conducted annually by
the Bureau of Foreign and Domes-
tic Commerce, shows that Washing
ton retailers collected 43 per cent
OF their outstanding open, or charge,
accounts during the average month
OF 1888. This compares with AZ
per cent as the experience of identi-
No1 cfnroc I1,riv,n 1907
Mr.. Prettyman said the report
shows a slight decline in the aver
age open-account bad-debt loss Of
reporting Washington retailers from
So cents on each hundred dollars of
open-credit sales in 1897 to 46 cents
in 1898. The lower loss ratio for
1888 was in line with conditions
indicated by the faster rate of COL
lections.
Mr.. Prettyman pointed out that
the Nationwide average for charge
account collections was 63.4 days in
1888, or about six days faster than
the experience Of Washington re-
tailers. The average charge-account
bad-debt loss in 1888 for retailers
Ou6AAOoV VIC SOAAACAy WdS CO CCllUS
per hundred dollars of open-credit
sales, which was somewhat less than
the loss taken by reporting WASH
4ngton retailers.
Total sales of % Washington re-
tailers cooperating with the bureau
in the survey showed a decline of
IL per cent in 1888 Mr.. Prettyman
said that 61.3 per cent of the sales
of these credit-granting merchants
were made on open or installmept
accounts in 1888, which was practi-
cally no change from 1887. Over the
entire South Atlantic region, in
which Washington Is located, retail
ers reported a decline in total sales
for 1888 Of 6 per cent from 1887,
rejecting decreases of 5.3 per cent
in cash sales, 1.9 per cent in open
credit sales, and 1877 per cent in
sales on installment.
Heard in Financial District.
William D. Hoover, chairman Of
tho hoo ri of tho Notiopo1 Covi,,Uc 4,