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Show VAST RESOURCES IH PK5JF11M Assets at Last Call Exceed Combined Funds of Foreign Lands. WASHINGTON7, March 27. American national banks have set a new high record rec-ord for resources, again revealing that the United States is incomparably the richest nation in the world. Comptroller Williams announced tonight to-night that on March 5, the date of the last bank call, the assets of the national banks aggregated more than $16, 000,000,-000, 000,000,-000, exceeding by over $5,000,000 the combined com-bined resources of the Bank of England, the Bank of France, the Bank of Italy, the Bank of Spain, the Bank of Norway, the Bank of Sweden, the Swiss National bank, the National Bank of Denmark, the Bank of Japan and the Reichsbank of Germany. "Reports of national banks in the central cen-tral reserve cities and reserve cities throughout the countrv as of March 5, just compiled," said " the comptroller's statement, "show that on that date the resources of these banks were 5210,000,000 larger than ever before in their history, the previous high -water mark having been reached November 17, 15)18. The increase, as compared with December 27, 1916. was $4SO,000,000. "The reports have thus far been compiled com-piled for only about one-fifth of the country coun-try banks, or banks outside the re sen e cities. If the assets of the other country banks have increased at the same rate as those thus far compiled, the total increase in-crease in country bank resources will be approximately $250,000,0000 as compared with December 27. On this basis the increase in the resources of all national banks In central reserve and reserve cities and country banks from December 27 to March 5 will approximate $730,000,000, making the total assets of all national banks March 5 considerably in excess of $16,000,000. "As the total resources of all national banks on April 4, 1!)13, amounted to only $11,061,000,000, the increase of resources for the past four vears has-amounted to approximately $5,000,000,000. "The amount of bonds of foreign governments gov-ernments and of other foreign securities held by our national banks' on March 5 was approximately S33S.000.000, or but little lit-tle more than 2 per cent of their total resources. The increase rs compared with December 27 was $16,000,000, and as compared with November 17, was $40,-000,000." |