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Show states for 10 21. it appears that banking bank-ing lias come through a hard year. In one state 'I',)?, banks and trust companies show net profits of only $9:;,n;i:!.70 for the year after writing off looses. Losses were charged off totaling $2,:',2.!Mil. of which 2 54;.2 9 9.33 had been recovered, and in other slates guaranty of deposits law which failed to afford protection. Western banks have also suffered l.y inroads from state and national farm loans, raised on untaxed bond issues. la posits fell off, hut demands de-mands for farm loans increased. lint, oar state and national banking bank-ing laws, backed by the federal reserve re-serve system, have come through it all and look forward to a brighter; Near. The hanks have met, the situation j by writing off doubtful paper, by using us-ing current earnings and by voluntary volun-tary contributions and assessments from stockholders. These; losses have been made good by current earnings and voluntary contributions and assessments from the personal funds of the stockholders. stockhold-ers. There has been no material reduction re-duction in surplus and undivided profits accounts, and the banks a.re now facing more prosperous condition condi-tion with unimpaired capital, but additional ad-ditional security to themselves and their depositors. WESTERN" BANKS SEE BETTER j DAY I From annual reports of conditions and earnings of bunks in western |