Evening star., 1943-01-21
New Banking Records
In Capital Shown
In Treasury Survey
Both Demand and Time
Deposits Up Sharply
Controller Reveals
BY EDWARD C. STONE.

scored substantial advances during
the year 1912, according to a survey
announced today by the Controller
Of the Currency. based on the re-
suits of the recent condition call
and disclosing a year crowded Will,
new records.
Demand deposits. or checking ac-
counts, on December 81. 1912, aegre-
gated s4o3, ,567 600 in the Capital S
banks and trust companies. an in
crease of ss7,289 900 during the full
year and SOS. .350,00 in the final six
months.
Time deposits, which include saw
ings accounts, amounted to $780,
34,000 at the end OF the year
against SIPS, ,063 900 at the end of
1s4l. gain in the 12 months OF
S5,77l 900, and an increase in the
last half year of S3,04S,00O, as de-
mand deposits on June 80 totaled
S127, 1876, 900.
Controller Preston Delano an
rounces that combined deposits on
December 81 totaled S604 ,2e6 600,
an amazing gain of sl08, ,742 900 dur
ing the year, the highest total on
record and the biggest yearly up
turn. The deposit increase in the
last half of 1912 alone was $685.
$4,000, the report shows.
Total loans during 1912 revealed
q decrease, a total of $ll8,524,O0O
at the end of 1912 comparing with
$135 ,248,000 on June 80 and s144,-
649 900 year ago. Total invest
ments, however, scored sensational
gains. reaching s3o6, ,S89 900 against
only s158,518 900 year ago, or an
increase of $148,37l, 600
Capital banks had a surplus of
$l9, ,803 900 at the end of the year.
against l9,451 900 a year ago. Un-
divided profits were higher, S10,-
$4,000, comparing with 1895 900.
Reserves totaled S1,920,000 compared
with $2,122,000 year ago, the
survey disclosed.
Mckee Heads Clearing House.
H. H. Mckee. president of the Ma.
tonal Capital Bank and of the East
Washington Savings Bank, was re-
elected chairman OF the Washington
Clearing House Association at the
annual meeting held yesterday.
Victor B. Deyber, chairman of the
board of the Second National Bank,
was again elected secretary.
George H. Bright and w. N. Grad
lin, both of the National Metropoli-
tan Bank, were reelected manager
and assistant manager, respectively
Robert v. Fleming, president of
the R!ggs National Bank, and Floyd
E. Da- president of the Lincoln
Nation were reelected to the
Clearing House Committee.
The other two members are Frank
J. Stryker. president Columbia Ma
tional, and C. F. Jacobsen, president,
National Metropolitan.
Mr.. Mckee and Mr.. Deyber have
served the association over very
long period.
Addison Gets National Honor.
Francis G. Addison, jr.. president
OF the Security Savings g. CONNER
cial Bank, has been appointed a
member of the Federal Legislative
Committee of the American Bankers
Association, by w. L. Hemingway,
ABA president.
Mr.. Addison has been member
of the State Bank Divisions Legis-
lative Committee and has appeared
before many congressional hearings
on pending banking legislation.
For several years he has been
chairman of the District Bankers
Association Law and Legislative
Committee and has rendered the
association greatly appreciated
service.
Columbia Adds New Director.
The Columbia Federal Savings &
loan Association elected James C.
wilkes, Washington attorney. a di-
rector at the annual meeting last
night. He is graduate of George
Washington University, Georgetown
Law School, member of the Board
U1 anu Was at oilIC tiAii1
sistant corporation counsel,
All present officers and directors
we're reelected: c. Gay Harrell,
president; Clarence E. Kefauver,
executive vice president and secre-
tary; william E. Poulton, treasurer,
and Howard e. Thompson. assistant
tecretary.
In addition to the officers and MI.
wilkes, the directors include George
3. Cowles, Albert o. Denham, w.
owen Hohenstein and George c..
Wentzel.
Southern Rail Earnings Soar.
Seventeen Glass I railroads, rep
resenting $50 per cent of total oper-
ating revenues in the Southern Dis
trict, had estimated operating rev.
snues in December of S65, ,479,7
compared with s44 ,220,926 in Deem
Der. 1941, an increase of ADJ per
cent.
Freight revenues in December,
amounted to s48,793 ,489 compared
with s35,971 ,9l2 in December, 194l,
an increase Of 35.6 per cent.
Passenger revenues in December,
totaled s12,6S3,565 compared with
s5,227, ,449 III December. 194l, an in
crease of 1875 per cent.
Reed to Address Controllers.
DR.. Eaton V. NJ. Reed, chief OF
the wholesale. retail policy section
ONCE of Civilian Supply, WPB. and
chairman of WPB Inventory Policy
Committee, will address the Janu-
ary meeting OF the District OF Co
llimbia control Of the national or
Eanization next Tuesday evening at
the Carlton Hotel He will speak
on Civilian Goods Inventory Linn
itations."
John A. Donaldson. former vice
president and controller Of Butler
Bros. Chicago, and president of the
institute last year, has been invited
to the meeting, H. G. Hayden. pres
ident, announced today. Dinner
will start at $50.