Evening star., 1940-01-27
Capital Banks Report
Many New Savings
Accounts in 1889
Increase Of 7,748
Over 1888 Revealed
By Lost Call
BY EDAWARD C. STONE.

BY EDAWARD C. STONE.
There were 7748 more savings
accounts in Washington's % banks
and trust companies on December
80. 1899, than year earlier and an
aggregate of S4,43O,OOO more money
in these accounts, according to an
analysis of the banking situation in
the Capital made public today by
Controller of the Currency Preston
Delano.
The nine national banks reported
,430 accounts and $42,687, 900 in
savings, the eight savings banks had
1927 savings accounts and SIS
100000 in them, while the five trust
companies carried 93,766 accounts,
for a total of $46 1886, ,000 on Decem-
ber 80.
Naturally demand deposits, which
include checking accounts, were
larger than the savings accounts and
made a larger total gain during the
year. On December 80, 1889, demand
deposits in the banks here totaled
S208 671 900, against Sl96,204,000 on
December 81, 1888.
The report states that the national
banks carried $129 1863 900 in demand
deposits at the end of December,
the savings banks had $16,002 900
and the trust companies $63 ,306, 900.
Real Estate Loans Increase.
The controllers analysis bears out
the reports by many bank officials
that there was gratifying increase
in the demand for real estate and
other types of loans during the year.
Loans on real estate totaled $45,-
$4,000 at the end of 1889, against
$39,537 900 on December 81, 1888.
The national banks reported loans
on real estate amounting to SIS, ,743,-
600, savings banks carried $7,174,000
and the trust companies S24,716, 900.
All other loans totaled s66,S37 900
at the end of the year. against only
$60.275,000 at the close of 1888.
Total loans, both real estate and
others, made a gain of more than
S12OO00OO during the year under
review. On December 81, 1888, bank
loans in Washington totaled S99,-
$4,000. by october had jumped
to SLOT 10000 and by December 80
had reached $112,470,000
OF this total the national banks
reported loans of $5l sos, 900, savings
banks, S23,453 900, and trust COM
panies, S37 400 900. The rise in loans
during the year caused the banks
iy,
States Government securities, the
analysis indicates, from an aggre-
gate of S92 900 to s8O,842 900.
Decrease in Investments.
The Capital banks reported a
slight decline in total investments
at the close of the year. The total
at the beginning of the year stood
at S133,533,0 900, against S131 ,2O5 900
on October and S134, 1877 900 at the
end of 1899.
Total assets showed a substantial
gain in 1899, amounting to SAIL
O43,OO0 at the years end, compared
with $3.50, ,045 900 at the start of 1889
and $403 1888 900 on October 2, the
analysis says. National bank assets
totaled $232 ,185 ,000 savings banks,
$40, ,496 900, and trust companies,
$l38, 1862 900. on December 80, 1899,
Controller Delano announces.
AS reported after the last call,
deposits in the % banks reached an
all-time peak on December 30. 1899,
when they totaled 1851 SAL 90,
against $341 500 900 year ago. The
call of October 2 revealed deposits
of 1854, 1862 900. Many other items in
the controllers review picture the
banks here in strong position.
Potomac Powers Net Rises.
Aided by an extra good December
record, net earnings of the Potomac
Electric Power Co. for the full year
1889 amounted to $4,23O,271 .33, COM
pared with s4,187 ,9O955 in 1888, an
increase of $42 ,36071, or 101 per
filed with the Public Utilities Com
mission.
Operating revenues for the year
totaled S15,842,21177, an increase of
S795, ,34121, or 529 per cent, but
operating expenses called for $l0,-
= 4O5, ,36351, which was rise of $685.
564.65, or 7.21 per cent.
Net income of the Potomac Elec-
trio Power Co. in December amount
ed to $379,64016, against S27761016
in the like month year ago, a gain
of $102,030, or 36.75 per cent, the
report stated.
d. c. Store Collections Lag.
Collections in Washington stores
In December were somewhat slower
than in the rest of the Fifth Reserve
District. Of the bills due on the
first of the MONTH 286 per cent were
paid by December 81, the Richmond
Reserve Bank reported today.
The Washington figure compared
with 314 per cent for the whole dis
trict, 1876 per cent in Richmond and
BAT per cent in Baltimore A group
of other cities reported 31.2 per cent
of receivables collected during the
month.
Stocks of goods in Washington
stores at the end of December were
6 per cent higher than a year ago
and Is per cent lower than at the
end of November, practically the
same as the figure for the rest of
the district.
AS already noted retail sales in
Washington in December were IL
per cent better than in December
1898, and showed gain of As per
cent in the full year, compared with
a44 per cent advance for the fifth
district.