Evening star., 1955-07-08
BY DONALD B. HADLEY

National Bank of Washington
shows record loans and dis
counts of s84.397,l36 on June
80 were 80 per cent above the
combined year earlier totals OF
NBW and the Hamilton National
which were merged last Oc-
tober /.
A year ago the two institutions
had S63 .828,368 After the mer-
ger the total rose TO $74,367, PAS
on December 81 and on to S78,-
l77.415 last April IL. The steady
rise indicates the determination
of the management under Presi-
dent Barnum L. Cotton to in
crease earning power.
Assets of NBW totaled $248.-
015,058 on June 80, a gain of
7.3 per cent from 1921, ,340,O24 a
year earlier, but slightly behind
SPAS. .229,152 on April IL and
$249, ,545 ,949 on December 81.
AS previously reported, de-
posits of $233, ,223, ,290 were up 8
per cent from $217.638,21O a year
ago. but behind $234,881,179 on
April II and $235, ,254 ,260 on De-
cember 81.
Capital accounts totaled $l2,-
S0l,39l at midyear, an increase
of 0.6 per cent from $12,724,979
a year earlier.
ASST Growth Seen
Continued expansion in assets,
loans and discounts, deposits and
capital accounts were shown by
the midyear report from Ameri-
can Security & Trust Co. Dam
lei w. Bell is president.
Assets reached a new high of
$250,256.90 a gain of 9.6 per
cent from $228,283,412 year
earlier. They compared with
$247 ,349,735 last April II and
$249. 1881 ,402 at the end of 1854.
Loans and discounts advanced
to $100.850,722, a jump of Is per
cent from $80,615, ,908 a year
earlier. They compared with
$92, 1896, ,848 on April ii and $92,-
628,559 last December 81.
AS previously reported, deposits
totaled $232,656.936 at midyear,
an increase of 10.7 per cent from
$211 ,483 ,058 year ago and COM
pared with $230.453. .665 on April
II and $232.257,369 on Decem-
ber 81.
Capital accounts rose to SIS
171,500, up So per cent from
$l4,431,477 a year earlier. They
compared with $14,966,278 on
April II and $14,729,435 on De-
cember 81.
Auto Sales Top 1854
Washington sales of both new
and used automobiles in June
and the first six months of this
year were we'll above a year ago,
data from the Traffic Bureau re-
vealed today.
June neW-car titles, increased
to 1888 from 2,423 in the pre-
vious month and 1925 in June
last year. Their six months
total jumped to 1922 from H.
1872 a year ago.
Title transfers, indicator of
used-car sales totaled 4,605 in
June. compared with 4,501 in the
previous month and 1923 in
June, 1854. For six months, title
transfers aggregated 80, 1886, COM
pared with 28.772 a year ago.
Take Opposite Directions
While outstanding loans of 12
reserve member banks here
climbed 7.3 per cent in the first
half of this year, investments
were reduced 40 per cent, the
weekly report from the Federal
Reserve Bank of Richmond dis
closed yesterday.
Commercial loans expanded
5.9 per cent in the six months,
real estate loans were up l.9 per
cent, while other loans, mostly
consumer loans jumped 14.5 per
cent. Demand deposits slipped
back 0.6 per cent, but time de-
posits gained 76 per cent.
Total loans edged forward to
q new record of S467 ,256, 900 on
June 20, gain of 1853, ,000 from
a week earlier and 1876 per cent
above the like 1854 date, the re-
port showed.
Commercial loans of $203,-
100000 were off $4,000 in the
week, but 28.4 per cent above a
year ago. Real estate loans of
$l31,759,000 were up $355,0OO in
the week and 80 per cent above
the like 1854 date. Other loans
of $l24,367, 900 were $4,000