Evening star., 1951-04-30
Iotal ----------Ooo,Ooo Oo@'Ul
Bank ClearingS Set Record.


Washington bank clearings
touched new all-time peaks in
April and the first four months of
this year, George H. Bright, clear
ing house manager, announced
today.
April clearings of $433. .469. .312-
highest for that month but con-
siderably below January's record
total-were 20 per cent above
$3.50, ,724,018 in April a year ago.
They compared with $445, ,004, 1867
in March of this year.
For the first four months of
the year, clearings of $1.733, 1885,
764 were 22.75 per cent above the
corresponding period Of 1850. Last
years total for the first four
months was 81 ,410,0 ,030 ,446.
January, with top record clear
ings of $471 1872 ,912, was still lead
ing the field by considerable mar
gin.
Hamiltons Deposits Rise.
A general rise in deposits was
q feature of the Hamilton Ma
tional Banks report on April 9,
date of the recent bank call. Total
deposits of $99,047,754 were, $3,-
703,648 above levels of December
80, 1850, with gain of 81 ,107 ,229
in Government deposits, an in
crease of 1892, ,083 in other de-
mand deposits and $704 1856 in
crease in time deposits.
Cash and due from banks
amounted to $26,368. 1893, a gain
of 1886, ,403 since December 80,
but Government securities hold
ings of $44, 1862, ,767 were down ST.
154,241. Loans totaled $31 TIA
142, a rise of $1,291,734.
Undivided profits of $1.115, ,984
were up $42.021. Total assets of
$105 ,211,629 were up $3,475, asa.
Wilmer j. Waller is president.
Security Bank Reports.
Increases in cash, loans, de-
posits>and assets. accompanied by
a small decline in Government
securities holdings since the end
of 1850 were disclosed by Sc
curity Banks statement for April
9. Francis G. Addison, jr., is
president. ..-"
Cash and due from banks
amounted to $7,754,175 on April 9,
a gain of $515,210 since Decem-
ber 80, while loans of $8,166,94s
were up $1,024,662. deposits OF
$27,741,61 were $679,411 higher
and assets totaling $30.106,846
were up $692, ,657. Holdings OF
Government securities totaled $8,-
675,029, a drop of $128,616.
Undivided profits of 1894, ,73e
were $33,655 higher.
Bank Profits Sets Record.
Bank profits in 1850 were the
greatest in history, Maple T. Harl
chairman of the Federal Deposit
Insurance Corp, said yesterday.
Reports from the 13,446 FDIC-
insured commercial banks showed
net profits after taxes amounted
to $937 ,000,0 a 13 per cent gair
over 1949, he said, adding:
Stockholders of the banks
shared directly in this prosperity
with record dividends of $39l,-
900, 900, or AZ per cent of net
profits after taxes"
The profits after taxes, Har
said, represented IAN average Of
27.72 per cent on basic common
capital and 8.51 per cent on tota
capital accounts, the highest ratt
since 1896"
Capital Booklet Issued.
Destination: Washington. D
c." a new, 4O-page "how-to-do
it, booklet packed with tips OF
planning and conducting organ
lied tours and plugging Wash
ington as one of the Nation
foremost tourist attractions is nov
being distributed to high school
and other organizations through
out the Nation by the Create
National Capital Committee o
the Washington Board OF Trade
Lester A. Pratt, Washington
certified public accountant, vii
address the, trust conference o
the Connecticut Bankers Asso
ciation at New Haven tomorrow
He will speak on directors ex
aminations of trust departments
Doren D.. Vest, president o
Washington Chapter, Nationa
Association of Cost Accountants
has scheduled the 18th meetini
of the board for Wednesday a
the Willard Hotel.