Evening star., 1939-10-10
D. {. Bank Deposits
Climb S24,330,680
During Past Year
Rise of $31,274,477
In Last Three Months
Also Shown in Survey
BY EDWARD C. STONE.

In the year between the con-
troller's condition call of September
%, 1888, and the statement request
Of October 2, 1889, Washington banxs
scored an aggregate gain in deposits
of $24, $3.50 680,18, according to an
analysis of the banking situation
here, completed today by Audley A.
p. Savage, auditor of the National
Savings & Trust Co.
A still more surprising gain Is
shown by a comparison with the
total deposits of $354955, HOLT on
october 2 and the call of three
months ago. In that period deposits
in Capital banks piled up a gain of
S31, ,274,477.88. Two records were es-
tablished, an all-time high in de-
posits, as well as the amount of the
increase between calls.
According to Auditor Savage's
analysis, the mark reached on Octo-
Der 2 was $13,236,652.5 higher than
the last previous high point, on
March 20 of this year, when the
banks reported aggregate deposits
Of $341, 1,719,3576l.
Other High Marks Recalled.
Last December deposits were the
highest ever known up to that time
The cali dated December 81, 1898,
found the total standing at $341 ,522,- =
766.74. That figure had been nearly
reached two years earlier, bank de-
posits on March 81, 1887, amounting
to S341 ,235,51326.
Many reasons are assigned for the
startling advance in the past three
months in money deposited in the
banks. The June call found deposits
at comparatively low point. A good
deal of money had been withdrawn
and placed in non-taxable securities
on account of the intangible tax due
at that time. In contrast, the fail
call came two days after a Govern
ment pay day, when most of the
money deposited had not been drawn
on by checks. Checks used in pay
ment of taxes also had not been
casned.
For weeks bankers had been re-
porting steady growth in deposits.
The recent sharp advance in the
stock market enabled many investors
to sell securities at profit, pay off
bank loans and place the cash on
their accounts. More money was put
in the banks by patrons who sold
stocks than was taken out for the
purchase of new securities, bankers
say.
All Groups Reveal Gains.
All three groups, national banks,
savings banks and trust companies,
scored advances. The savings banks
set 100 per cent record, every one
experiencing a pickup in deposits
All but one of the nine national
banks and all but one of the five
trust companies reported more de-
posts than on June 80.
Riggs National headed the ma
tional bank group with a gain of
S11,882 ,26632 and National Metro
politan came second with an in
crease of S4,596,63O68. American
Security & Trust led the trust COM
panies with an advance of $685.
757.14 and the City Bank topped the
savings banks with an upturn of
$629 1865 46, the Savage analysis dis
closes.
1t is doubtful if there has ever
been call that found every bank
in group showing a gain and it is
rare when 20 of the % banks have
reported improvement over the prev
ious call. Furthermore, the two de-
creases were unimportant
Deposits on October 2, 1889.
The figures compiled by Mr.. Saw
age shows deposits in the individual
banks on October 2, 1899, as follows:
National Banks.