OCR Text |
Show NATION'S BANKS GROW STRONGER I 1 White House Is Optimistic jj Regarding Financial l. Status of Country WASHINGTON. Feb. 18. Resour-I pas of the national banks of tlie coun- BAH try, ftXclnalrc of r-dlcounts, amount-, Hj : ng to lfl43 000 at tn lv December 31. showed an Increase I H 1 1400,000, 0( ec.the prevloiu in Soptemhar. according to an analysis fflw i ifd by comptroller of th Currencj i fH CrfMftiffer. The tondition of the iw-Uonril iw-Uonril Kinks III Deoehlber, h deacrib- ea aa "very satisfactory" and culled ! xttentfon to the fact that until Sep- - H romber thHr n sources had more or, ffl leas ateadilv declmed from their peak i I 121,711 0( n I an bi i L01I HUH I S I If W Fl OI T. H ondltlons or the national bunks, as H i eported by Iff. CrlMlnger. were said in a formal statement Issued by the White House, to show ' the most sat- i I .sfactory turn in the financial affali-s I i o tho country that has been regis- j I i-.cd by' a bnnk statement since the; 1 onciuslon ol 1919." 1 i dei tal ites," the atatemenl nld, "that tin- proceaa f liquidation 1 haa itcn proceeding at such un ex- ' 1 Ilcnt r.it-, that It may fairly be said I 4 hat we .li well on thr- road to get-. 3 .ng he 'frozen credits thawed out. .. thli rag rd, indeed, it la by fa- the satisfactory showing that haa in -M i'h r. i - . ri . i U fr' l.n.ins Mild dl(MiM.t- I tin- li.it .nn:i 1 'H oanks on ho-.-rubci 1 1 , l'.'-'l. i-m I j- H i . of rediscounts of 1623, 606, uoo, JH tmounteJ to 1 10.'.S 1 .783.000. un m- EH I oase over the amount reported Sep- SH tern her 6, 1921, of 4,i6y,ouot but a rc- H duct Ion compared with the amount on . amber Ss I 920, of II 118,612,1 4 r-H ""ash In vanlt.s amounting t" $341. .si 1 - ULH 00 was reduced between September FH -i and December .11. lVJl, by S16.US7.- y 'On, while the reduction slm-r I'ecem- EH er 1920, aaaa ii.'.:.5S9,ooo. 9 DEPOSITS LI SSfi N RT Individual deposit exclusive of LVft i nlted Btatt i government deposits oi Im iaa,vsy,vvva unounim to ).s,oo,- I .'71.000 and were greater than the I amount reported September 6. 1921, I by 1 822,81 1,000, but R reduction since I December 29. 1920, of 1780,741,000. I The aggregate of ail deposits was I $15,0 7 f.U',0o0. or 614,260,000 more I than on September U. 1921. nnd $1,- I J 2.653,000 less than on December 29, I The liability for circulation notes on I December 31. 1921, was S717.-I73.000. I an Increase over September 6, of $12,- gd S 000, ,iou over I 'ecem "cr jy. !92u. of 121,664,000. The lla-lilts lla-lilts bills payable and I redfacounla ' i - reduced (a n '' 1,1 1 I Oecembor 31. 1921. by $236,S44,000, the reduction In the 12 months period being $1,322,73 1,000. On December I 31. 1921. these obligations amounted ! to $1,019,929,000. I Un December 31, 1921, national hanks had lawful reserves with the federal reserve banks to the amount J of $1,113 259,000. which was $86,875.-t $86,875.-t li 'in excess of the legal requirement. REPRKSEXT II VLK. H M "It must be borne in mind," the K W White louse statement said, "that the! HS national banks represent considerably Dl i :.-: i half i'f the total bonking ca- i Hm pacitj' of the nation. It Is therefore, sflp afe to assume that the Htate. talng3 and private banks and trust companie.-j. have experienced the same turn in the tide that is noted In the case of national na-tional banks. We may, therefore, conclude con-clude that the figures Tor national banks may safely be doubled in order to K't an approximate representation of the situation as to the entire hanking hank-ing establishment of the nation." |