Salt Lake Herald-Republican | 1913-08-13 | Page 2 | Statement of Loans Demanded of Banks

STATEMENT OF LOANS DEMANDED OF BANKS Information reformation Sought for T Treasury Treasury Treas Treas- reas- reas ury Department in Call of Comptroller of Currency Washington Aug 12 The 12 The comptroller comp- comp t of ot th the currency Isu Issued j a call for tor fora tora a statement of ot the thc condition of ot all nat na- na national t onal banks of ot the States at athe atthe atthe the he close of ot business on Saturday August August August Aug Aug- 9 Much additional information Is to be obtained from the call made ma-de today The treasury treasur department wants to know how banks In different sections are attempting to relieve tho the demand I for tor or currency Acting Comptroller Kane Kano I Issued this statement All banks have been requested to send In on special forms furnished fur tur- furnished for tor that purpose detailed statements of ot all monc money loaned to other banks as well wen as an all mone money borrowed from other banks In tho the form torm of ot rediscounts bills pa payable ablo or In an any other manner The new form will enable the tho comptroller more casU easily to determine what sections sec sec- sections of the country countr are In need ne d of additional circulation at stated periods of or the year car what hat banks accommodate te- te their thell correspondents ts tsin in such sections and in addition should also enable the comptroller r more easily to ascertain what banks borrow bonow In order to meet legitimate accounts and varying conditions and what banks should bu listed as as chronic borrowers borrowers- that IB is those which borrow to re- re loan In normal times This amplification of ot reports of or condition is in line with the policy to Lo obtain from those reports an as much Information as possible tl to servo practical as well a. a as sta stalie- stalie le- le purposes S. S With Ith this end nd In view je the tho th forms used by b the department department de de- dt- dt are being analyzed d and considered Acting Comptroller Kane said eald that upon the tho basis of ot the data sought sough which Is expected to be available a before the distribution of or government government govern govern- overn- overn ment t funds to a assist in moving the crops crop tho the treasury department will willaim willaim willaim aim to differentiate between the banks which borrow or loan in connection with speculative operations or are borrowers borrower and those which endeavor to relieve financial strain wherever it exists Banks which borrow barrow or loan money for tor speculative purposes will be de denied denied denied de- de nied any portion of or the and the entire amount mount will go to Institutions Institutions Institutions that earnestly strive to meet the currency demands of ot the agricultural sections