Evening Star Newspaper, March 19, 1922, Page 29

" BY L A. FLEMING. 3 There have been evidences of im- Proved business conditions in the last faw @ays, \probably the chiefest of tese belng the rapid recovery of the l"u"]lsh pound sterling. It is a hoalthful sisn that the greatest com- ¢ merctal wnation of pre-war times should aguin find her circulating me- dlum approaching its face valge. ¢ We are more or less dependent on the nations of the old world as a buyer for our surplus products and; arc interlgcked in the finances of the | world. These facts are recognized b tho leading business men of the coun- | | try and cannot be denied, despite ef- forts to emphasize the necessity for emzzcrated aloofness in our rela- ti ll was, of course, believed that Great Britain would make the speed- fest recovery from the disastrous ar, but that the progress has rapid is & puzzle to business. Selgium and Italy are slowly beu: their positions as to their cur- M of the better feeling at home of the ecline of pric ral prod- ucts, as the higher figures give more courage to the agricultural element, the hardest hit of any in the business depression. The public utilities have al‘lplrnntl) | eome into their own again. cision_handed down in the pul fow da by the highest court of the TUnited States in the New York Con- + solidated Gas case upholds the right ofathese corporations to a fair return on their invested capital. This, too. irrespective of what the rate charge for service may be. The advances in the price of util- fties shares has demonstrated most remarkably their changed position. It is not so long ago that People’s —the Chicago gas monopoly—was selling twenty or thirty points lower than it is today, now in the middle $0s. Consolidated Gas moved up very sharply to 111% on this de- cision and all over the country the ruling has been an elixir to these shares. In our own city the shares of the Washington Railway and klec- tric Company. both common and pre- forred, have moved up many points and the bonds of utilities corporations re now selling on a basis equal to those of other corporate securities. One finds in the daily compariso. he real thermometer of that there are a great many increases, perhaps more noticeable in the stoppage of the losses than in the net gains made. Corporations, generally speaking. made a_lamentable showing for the vear 1921, very many of the old-time dividend payers and many of the more recent promotions turning in heavy net deficits as the result of the Year's operations. But the managers of these corporations, as a rule, now say that the worst is over, and every- body seems anxious and willing to accept this view of conditions. There is too much money in the banks of the country to allow any one to belfeve that business, though im- proved, is anywhere near normal. Unemployment, _ while probably somewhat improved, as to the number of men at work, is still too apparent 1o be overlooked as a factor in con ditions. Labor troubles, despite th disturbed conditions as to employ- ment, still threaten new dangers to trade and commerce. Hope to Complete Merger. The Merchants Bank hopes to con- sumate a_merger with the Dupont! National Bank by April 1, when it vill_remove to its new quarters in the Southern Building and commence opemuon as a $1,000,000 trust com pan; Tt is now the second largest saving: bank of the twenty-six reporting 1 response to the call of the controller of the currency, showing $2.944,981 deposits. The Security, Savings and Commercial leads the savings banks, with $3,387,917 deposits. In order to accomplish the Mer- chants-Dupont Bank merger by April 1 it will be necessary to Secure a waiver from stockholders of the Dupont National of the necessary thirty days'\time for their ratification | w the sale of the stock of the bank. | <1 0f course, the stock sold to the| Wefchants Bank, a controlling in-| Jerest, gives ratification of the major | $4rt of the shares. Unless the waiver; of the minority stockholders is re- ceived, thirty days will have to ex-| pire before the merger. Loss in Income Taxes. . income tax expert of the Americgn Security and T Company, believes that he is entitled to a vacation. Up to March 15 he prepared between 700 and 1,000 in come tax statements for the bank. its officials and clientele, as well as for many outsiders, who took advan- tage of hig servi Mr. Dulin is competent to speak, and he declares that from his expe- rience the government will be a very heavy loser on taxes, as compared with 1920, when the final figures of 1921 are completed. The year 1921 was a year of loss taking: the rich man and merchant and the man of moderate means all took their losees in that year. A sur- prising fact {hat developed was that many of the great moneymakers of 1920 have nothing but deficits to show for 1921 Individuals. fn many cases, fought off the evil day, but under the ter- rible deprescion in securities that ended with June 15 they were forced to take their losses, many taking greater deductions because of repur- Chases made after sales in 1920. Mr. Dulin admitted that there were mome taxpavers with large incomes, but they were in the minority. Local Securitfes. The week closes with the local se- ourity market moving slong smooth- 1y at practically the best prices of the vear for nearly everything on the list. Whatever -recessions from ligh have been made are very light and of small importance. Much of the action of late has come in the street railway stocks, with the ‘Washington Railway and Electric in the lead. The transactions show for this year up to last night over 3,000 shares, about equally divided between common and preferred. - Faith ia the Potomac Electric Com- pany aml in its ability to continue -1ts earnings and the assurance of a tdividend on thoe preferred stock of the ‘Washington Rallway and Electric Company may be accredited as back “of the big investment buying of rail- way preferred. Every one understands that the local "bankers, holders of the Washington Utilities Company's: de- faulted notes and the collateral back thereof, 27.500 shares of the common stock of the Washington Railway and Electric Company, are & . ma- jority on the board of directors of this corporation, and can carry out their intent. to obtain a dividend. .on this common stock. Knowing this. thare has been miore spectlation an an_advance in prices. The typesetters have made good gains of late. Both are near the high levels of the vear, and earnings of both companies are said to fully warrant the betterment. Shares of tha Columbia National Bank are held about as closely as the ck of any of the banks of the Thero are very few trans. actions of it, and the bhl price for some time has been held down by the knowledge that a matter of some 200 _mhares of the stock in the estate of ‘the late O. G. Staples were hanging over d:he mx.rku:. They were sold & 'ew day® ago at a price many points above the then bid price, and the bids for the stock have been advanced to of IS FINANCIAL. MORE HOPEFUL FEELING IN THE BUSINESS WORLD Rise'in Sterling, Recovery in Public Util- ity Securities and Increased Clearings Are Favorable Factors. 1922_PART 1. ‘ward increased firm: MANY NEW OFFERINGS - ["iiorty bonds w Were most prominent, FEATURE BOND MARKET &. trading in e issues including L3 &la:k of 31 000,000 (par ;uhm)r r! NEW YORK. March 18.—The week | bonds ageregated $11,260.000. in the bond market was noteworthy for the presentation of many. new of- ferings, a1l of Which were readily ab sorbed. . In many instances, such as the Sinclair us nooono 78, Dutch East Indles $40,000,000 ' and _Paris- Mediterrancan Rallway $30.000,000 there were large oversubscriptions. New issues aggregating at least $100,000,000 are to be underwritten next week and more Europesn com- mercial credits are under negotia- Money to Loan mpl;“f' ;:‘:'1‘:‘ [OFFICE ROOMS FOR RENT lntmhonal Bnildmg lllonll Ilfl elle REPORT OF THE CONDITION Of the UNITED STATES SAVINGS BANK, At Washington, tn the District of Columbie, at the close of business March 10, RESOURCES. 8 s 821 i5th Street BROKERS Stocks Bonds Foreign Bonds (Opposite Shoreham) * tion, as well as several loan Latin | 1. Ilmlu and dis- countries; osks 0 coumin, including 1319-1321 F SL N. w. Dlfi!(‘:’ldpflva(e 'mfie to stock brough! th t ay's bond market was only mod- _ pLse | D. Bu W et e e e S active, but broad and ‘firm.| SRS ant A Few Very Desirable (established 1885). ¥rench governments made new tops orelgn” bilfa” ot Offices Left Stock Exchange Dinuer. for the year and the trend among do- Reasonable Rents Arrangements are fast approaching | mestic rails and industrial - Gratts, sold with . completion for the big dinuer of the - s fndorsement | of Write for our market letter. year. tue unnual fonst of the Wusli i B (e eever & ngton toc! ixchange, at w o - financial Washington will be largely 1n'band;0);...01,178.445.94 Rental Accounts Carried un"". Agents represented. Tt i3 enough to say that the enter- 1405 Eye St. Main 4752 tainment program §s to be longer and the speaking part shorter than ever Total loans ... Overdrafts, secured, unsecared, $124.86. l' H government. of exchange or drafts sold with indorsement for its policyholders, as the National of this bank (except those shown in band o) $13,645,415.36 is purely mutual. . Checks o Lefore, and the menu will be even . : 78,746.00 REPORT OF CONDITION better than the last—and that was 0'3:: Donds. stocks, securl e 280,56 Of the tome dinner. Blnllnl house, $75,000; 0% Rir e pnves ot o et ot Bt se0n GGS NATIONAL BANK . v The seventy-second annual state- om national ba: 159.047.271 A+ wWashi) i 8 ngton, in the District of Columbis, at the close of businesséon iment of the National Life Insurance s o ERE SR March 10, 1925, © | Company of Vermont shows that the sl theluniten fl"{‘" RESOURCES. = S {other than included In items year 1921 was one of great prosperity 8,9 or 10) 12621604| 1. a Loans and discounts, including rediscounts, for the company, which means much Exchasges for clesriag o 9,946.19 acceptances of other banks and foreign bilis Esmblished 1889 Real Estate Notes for Sale g WEL Consult (HARRY $.) 15th and N. Y. Ave. M-II 4346 Reference: Any Bank, Trust Co. or Title Co. in the District. “To the” “Conservative Investors” at?, e many years of A7 years of our favesting Uh ‘peany to. either principal o lal- 1-;9-;1“ the protection, service uel and ttention given our tuvestors in [ l"'nt Mortgage Neotes The only Ib‘fll!”l’ safe form of ve- caritien yielding the mustmum rate of Chas. D. Sager 928 Fifteenth St. N.W. Lean Dept.—3Mnin 36. If You Want the Good Thi 1f you want l-ufl BAVE. y old man in Be ($1.00 will start The report shows an increase in side of city or ( m of ,— admitted assets of more than 3. riing bank .na"fim camn Total loans ..... 13,645,415.36 Tome hot o 20 Tnnc 000,000, with total assets of $79, tems ... 2. Ovepdrafts, secured, $1,911.13; unsecured, $4,96 y 6375.39 Loan | 1336 N Y A S 4. U. 8. government securities owned: Consait Spectaliat | . 1. AvVe. O venient a Deposlled to secure circulation (U. S. bonds, (HARRY 8.) et very simple. Outside of louns on LIABILITIES. par value, $100,000) 15th 3 its own policies, this company buys 17. Capital stock” puid b All other United States government securities and N. Y. Ave. only two kinds of investments—first 18 Surplus fund -5.462,796.47 Lowest Rates mortgages on real estate. mainly 19. Undivided I'“"‘"" . Other bonds, stocks, securmes. ete. 3,060,216.60 farms, and government, state and mu b Bessevad foride . Banking house, $471,094. 5 471.094.44 REPORT 01? ronm'nov nicipal bonds secured by the power - . Lot oserve WIh Tedoral ressrve bank, 1,976,995.74 of taxation. Its experience in these Items with federal reserve bank in process of collection (not :{ms.l;r‘mmn’menu' m!.h belen ex- . e Less current ex. available as reserve) . 689,904.14 ANK y ying. n e twenty- 5 nees, interes Cash in vault and amount due from national banks 1.84%,486.51 five years of experience, which it has l.ledges & Middleton and taxes paid. . . Amount duc from state banks, bankers and trust companies in the At Washington, in the District of Cn‘\lmbm at the close of busincss on had with farm mortgages it has never 21. Amount due to nai United States (other than included in |v.ems 8,9 or 10). 241,912.64 March 822 lost a dollar of principal or interest, n 23 Amovat dse 1o . Exchanges for clearing house 74357567 and has never had to take over any Main- 1028 Checks on other banks in the same city or town a8 report- ° RESOURCES. piece of real estate. On its bonds ain ing bank (other than item 12).... 38,359.78| 1- & Loans and discounts there i not a dollar of gverdue prin- Torelgn countries (other t;,-fl Total of items 9, 10, 11, 12 and 13 $3.612,218.74 2. Overdrafts, unseruxed cipal or interest. The gross interest Iaciuded ia Iteme:21 oc 22). Checks on banks -located outside of city or town of reporting 4 U. 8 government recurliies owned rate earned on mean invested assets 5. bank and other cash items 2o anistapf - & Depoeited thiescurpicireulstion (U 3. boudy, per; in 1921 was 5.37, as compared with 5.18 in 1920, New b 453,617, . Redemption fund with U. S. treasurer % . Other asset a Coupons b Liberty REPORT OF THE CONDITION ness in 1921 was $50,- nd total bank _deposits). in force, $333- payable within 30 days): process of collection loan 'coupons. MERCHANTS’ BANK 894,264, 25. Indiv] Je) ts subject to _— Of Washington, D. C. |5 Mo S22 SN2 \wnaanz) ¢ Due from foreign buni NEW YORK DRY GOODS gton, 26. Certiieates ‘of deposit due in as At Washington, in the District of Columbia, less thas ) days (other lhll! 2 NEW YORK, March 18—Cotton| the close of business March 10, 1922 il meney bortowed). e goods were steadier on _the lower < AT R levels recently touched. Yarns were| 3 a Loans i B 17. Capital stock paid in quiet, with curtailment of spinning| = counts. including 18. Surplus fund ..... operation increasing.- Wool goods rediscounts, ac. 19. Undivided proflm - were quiet, especially in staple dress Ceptances | o e o azes other banks, and forelgn_ bills of goods. Knit goods were quieter. ibjeet to 30 Burlaps were steady, with more in- 30 days. or subje Gayy' ot more motice) and exchange 762,454.38. The National Life's meth Ce i- od of investing its assets is unique. ; i quiry on light weights. S tal savin, 20. Circulating notes dutstanding Sdorsement " ot . Ceftiteases of ‘deposit (other Amount due to federal reserve bank (deferréd credit this bank (5 hao for money o 22 Amount due to national banks. A s ! cept those shown . ‘Amount due to state banks, bankers and trust companies ttention, erg | nvawd o e Pnited Statcs and forcign countries (other than in- cluded in items 21 or 22). Stimulation of home building. The National Mortgage and Investment Cor-| 3= Overdrafts unsecured, ration. i in the merket o birchase Becond | 4 Us, S goverament ‘securities trics of Cotnby Trust Mort Notes on {mprored Real Lo- e B 1"Waf: R. DF TABHMUTT, and notes secu y . Love-named bauk, do solemnly swear that ded interests in Remt ARS8 e tatement in true: o the xat of o 198,962.28 above KEWM‘! lnd NATIONAL MORTGAGE AND ' e'BE LasmorT, Castier. INVESTMENT CORPORATION :’.:::: w..mm and sworn to before me this 17th Certified checks outstanding. Cashier's checks on own bank outstanding. Total of items 21, 22, 23, 24 and 25. ,008,890.44 Demand deposits (other than bank deposits) subject to re- serve (deposits payable within 20 days): Individual deposits subject to check Certificates of doposit due in less than 30 days (other than for money borrowed)....... Dividends unpaid .. : 31. Other demand deposits Total of demand deposits (other than bank deposits) subject to reserve, items 26, 27, 28, 29, 30 and 31 $17,494,946. 29 Time deposits subject to reserve (payable after 30 days. subject to 30 days' or more notice, and postal nvln‘l)' 32. Certificates of deposit (other than for money borrowed).... 34. Other time deposits. . 35. Postal savings deposits. Total of time depo: items 32, 33, 34 and $1,896,065.60 United States deposits (other than postal savings), including war loan deposit account and deposits of United States disbursing officers & lonse, 162,000 a fixtures. s v 2. a3 of Mareh, 1922 : roh 3 ¥ homas £, pETTY, 30 Notary Public. . COOPER, RRY. 10. ., from natiousl banks .. . Amount due frum state banks, buukers and trust companies in the United States (other ded in items &, Correct—Attest: e, 16, 11, 1 13 " $251.544.04 . Checks on banks located out- wide of city or town of re- porting bank and oth What is the market R, usmu BAC, . DORE. ts ‘subject to reserv. Directors. 36. for _collection b Foreign money BEPORT OF THE CONDITION Of the trend Of ¢ Remodeliog sccouat . 0 | 41. Letters” of ‘realt and traveiers' ‘checks sold for ‘eash and fandt sk AMERICAN o6, LB St (an (Ro%e dbave ate Clearing house due bills.. Pavments on liberty loan bonds and victory notes Alien property custodian. Federal income tax withheld e Trust department Total ... District of Columbia. city of Wash 1, ROBERT V. F] SECURITY AND TRUST CO. 4t Washington. n the District of Columbl the close of business March 10, 1922 MESOUNCES. 1. a Loans and dis- 30 representative New York Curb Exchange stocks 2 . Capital stock paid urplus fund. . Undjyided profits . ¢ Less current ex- penses, _interest and taxes paid. a b e d Amount due to state b e bankers and trust companies gt 8. in the United States and for- eign countries (other than fnéluded tn tems 21 or 22) .. ROB; 3 bscribed and sworn to before me this l!th \hy of March, 1! (Seal.) WAL DORSEY, Notary Publie, Correct—Attest: CHAS. C. GLOVER, —What are the active siocks in the Oil group? —The expected develop- ments in Industrial stocks? —In the Copper, Gold and Silver nm:i’:g —The dividend payers? You will find these questions answered 1 its its). (De Dasabie withia 30 "E . Individusl deposite su sect to eck Certiheates of deposit. due in leas than 30 dava (other than for money borrowed Dividends un A Other demand deposits Total of demand deposits (oth- n bank deposits)., ite Jul LIUS GA RP[\‘KLE those shown in b and c).....31 Total loans . Overdrafts, unsecured, U. S owned REPORT Ol’ covnmou g8 6.050,129.49 of Georgetown furniture $219,576.87 . Real estate owned banking house and amount due lepo 30 days, or ¢c mofe uotice) and portai 1.570,587.46 | At 91,875.14 ch 10, 1922. vings: . Certitichtes of deponit (othar RCES. 713,185.31 14. ey bank and other cash items. 15.146.10 1.083189.3 |16 Redemption fund with U. S, treasurer and due from C. IreaASUrer .............. 30.000.00 2,598.356.76 Totallezavessssn 59.616.63 $2.229.46 15 Capital stock paid in . $600.000.0¢ 18. Surplus fund 220,000.00 17,859,356.60 134,616.42 €6.00 1,142,620.43 | 32 10,460.00 | 3. 2,306.00 ig Other time deposits. A sk $28,378,752.24 EMING. cashler of the above-named bank. do solemnly | * swear that the above statement is true to lhe hut of my kngl;flxfi and ishier. s Farmers and Mechanics National Bank Washington, in the District of Columbla, at the_close of business on|y( 5. Other bond-, stocks, securities, ete. . Banking house Lawful reserve with fcderal reserve bank. . Items with federal resérve bank in process of collection (not avallable as reserve).. . Casia in vault and amount due from naticnal banks Amount due from state bans, bankers and trust companies in the United States (other than included in items 8, 9 or 10). . . Exchanges for clearing house. Checks on other banks in the same city or town as revorlmg bank (other than iiem 12) 74.429.10 490,261.60 Total of ftems 9, 10, 11, 12 and 13 $679.365.40 Checks on banks located outside of city or town of reporting . Undivided vrofl a Reserved for inte; crued . b Reserved Circulating notes outstanding. Amount due to federal reserve b: Amount due to national banks. . Amount due to state banks, ba the United States and foreign countries (olher lllln n- cluded In items 21 or 22). . Certified checks outstanding. . Cashler's checks on own bank ou Total of items 21, 22, 28, 24 and 25 9,721. PO pay Individual deposits subject to check Certificates of deposit due in less than 30 days (other than for ‘money borrowed) . Dividends unpaid .. Total of demlnd deposits (other than bank de- posits) subject to reserve, items, 26, 27 and 30.§3,111, Time deposits subject to reserve (payable after 30 day subject to 30 days’ or more notice, and postal savings 26. Postal ln.vlngn deposits Total of uma dcpo-lu lub!ect to reserve, s 34 and $974.210.62 iring house due bills 291122 $6,188,253.81 Total District of Colambl city of Washington, & W. J. WALLER, cashier of the above-na that the above statement is true to the best of W d bank, do solemnly swear J. WALLER, Cashier. Subscribed and sworn to before me this 17th day of March, 1. (Seal.) MILLARD S. YEATMA otary Public, D. Correct—Attest: c. WALKER, GALLIHER, W ILLIAM SELB Directors. REPORT OfF CONDITION DISTRICT NATIONAL BANK Washington, in the Distriet of Columbla, at the close of Lusiness on March 10, 1922, in this week’s issue than for money borrowed . Cash in RESOU! 33. Other time deposit 2,624,147 RESOURCES. - Investor & Trader. T°;:". of time depo 417! 1. a Loans and discounts, including rediscounts, 1. a Loans and discounts, including rediscounts. ac- C 33 and 34.8462,1 ceptances of other banks and foreign bills of ceptances of other banks and foreign bilis oi It will post you on New s5. Bills p:jy-hle lnclualn; u.“ Dles in the m‘:uéauam‘e- exchange or drafts sold with l?ao‘nen:lzm of exchange or drafts sold with indorsement of er_ than in York Curb Exchange Soorcy borrowed, other thax {tema 8, 9 or 1 n this bank (except those shown in b and c)...$1,214,108.68 T o nforscment | . stocks. Ask for co nition oses k"ot 1m o000 12 paghites o i Total loans .. o $1314,108.68 " Total loans 5 Py- 5 0, 11, 12 % Overarafts, unsecured Seiead 4 6761241 3. Overdratts, secured, 25 i (deferred pay- 4. U. S. government securities owne J Call, phone or writs e peyabie S5 snsonon |10, onedks o i 2 Depoaited to secure circulation (U. S. bonds par o~ g',,fi},‘.';“{‘,“.‘,c',ffl"&",fi;&“,fl o - BRI W“" Sack Sad Sner canh b Al other © “250, b A other . T, FRANK P, mkm;fl .vz. o of the | 15. Due from 0. 8 “Treasrer Total m"fi‘:fidm".':" i Trfl' e s 5. Other bonds, ties, et e notely 1.695.046.00 New Yors Cat cu.,,: mgm- Knowiedgs and_belief Total . 6. Banking house, $25,000; furniture and fixtures, $7,737. 3746 | 6 Eanking 14 Sooks secuiiet fl‘,‘mu - Pitwburgh Detrolt Baltimere FRANK B HARMON, 3., Cashler. 7. Real estate owned other than banking house—New bu 7. Real estate owned other than banking house o 3ersoe 3 W casin _,M'g,‘,, L Lawful reserve with federal reserve bank T 40599231 HAney 3. povocmuE, SEIaY stosk Deld 8. Ttems with ederal reserve bank in proce Notary Pubiie. DTivided " prot. available as reserve; 3 2 285,450.97 ks L $904,115.5 available as reserve)... Cash in vault and amount dite from national banks. m‘,;fi:.u Roland Robbin: a Reserved for . Cash in’vault and amount n 11. Amount due from banks, bankers and trust companies in interest and - Amount due from state banks, bankers and trust compa. United States (other than (ngluded in itema 8, 9 or 10). 212,662.02 taxes accrued. 234,365.43 United States (other than included In items 8, 8 or 10). . Exchanges for clearing house'. - 250,513.89 . Bxchanges for clearing house. . Checks on other banks in the same city or town . Checks on other banks in the same bank (other than ftem u) 25,085.00 51.741.74 $1,120,222.68 bank (other than item 12) Total of items 9, 10. 11. 12 and 1 . Checks on banks located outside of city or’ bank and other cash items i Rbdsmmhm fund with U. S. treasurer lnd due ‘from U. € Less current ex- S. treas- Olher assets Total ....ouuns The Difference . Means Something To You You can buy First Mortgage Invest- ments in any city in the country. But there are first mortgages—and first . mortgages. [ The F. H. Smith Company has built up a definite system of that has resulted in no loss to any investor in 49 years. The 74 Safeguarded First Mortgage Investments we sell have met every - test that expert analysis and 49 years of experience can When you buy First Mortgage Invest- ments from us, you make certain ‘of absolute safety of principal and the nmncuyeremof?%onymmney Call or write for complete information ; g “NO LOSS TO ANY INVESTOR IN 49 YEARS The F. H. ‘SMITH COMPANY N Sounded 1873 FIRST MORTGAGE INVESTMENTS- 14141416 T STREET, N. W._ nies in the United Htll‘l and foul countries (other uded in items 21 3831378117, Capital stock paid in 714555 | 18, Surplus fund ..... 19, Undivided profits a Reserved for inferest and taxes ne crued and 24 . +.$118,405. m:-nd depo-n- (mner thy nk payabio e . Individusl deposits subj . Certificates of doposit due in less than 30 days (other than for money borrowed c Less current expenses, interest and taxes paid.. . Circulating notes outstanding...%...:............. Amount due to federal reserve bank (deferred Erod(!l) 22. Amount due to national banks. . ‘Amount due to state banks, bankers and trust companies in the United States and foreign countries (other than included in items 21 or 22) 5 . Certified checks o g - . Cashier's checks on own bank oum.mnng Total of items 21, -22, 23, 24 and s Demand deposits (other than bank siti serve (deposits payable within lo dlyl) Individual deposits subject to check. . Dividends unpaid . Other demand depo: Total of demand dep posits) subject to reserve, items 26, 27, 28, 29, 30 and 31 Time deposits subject yal after 30 days. subject -to 30 days' or more notice, and postal savings! . Certificates of deposit (other thm for money borrowed)..... . Other time deposits.. . Postal savings Genbnll! Total of time deposits subject to Feserve, itams, 332, 33, 34 and 35. . tal vlnrl)h LY amne n.:,yz A:a'l'(' - ime able”afte 30 days, or -nwm to 30 dars’ or 2 more Botice) and 31, Giienten of depontt (other than for money borrowed). . 83, Other time deposits .... Total of time .$1,063,109.31 or it d 84..$10, 5. Ull!oll ltlbl aw«ln (otlor than postal savings) Includ- ing war loan deposic ac: t depoaits o 267,507.28 |nc!udlnl tates dis- ited State flopoal!.l (other than po mvlur loln u:po-n account and d.po.u. of United 5000000 |35, piiia pasasio (lnc!udlnl ali obligations representing money 114,422.58 ‘borrowed other than rediscounts) 40. Notes and billa redisounted, Inoludig accoptancs of oter banks and foreign bills of exchange or drafts sold with in- dormont of t s bank......... -$30,312.353.08 % mum Gity ‘of Washi m.me BOWE, ington, - abors named b n-n -olm-u niy Swear tiat the above - statemen ot Nlhf it of .} CHABLES E. HOWR, Treasirer. ‘befc e this 17th { that . tal District of Columbia, ¢ity of Washington, &8 H. L. statement I8 true to the best of my knowledge a the above my SELB: Submlbed and sworn to before m‘e this —Attest: > m"fisfinfi}-;mnny G, L. NICOLSON, . Sika 1. ctuunv. It is reported that the Staplesl | 1,485.11 |15, 12,500.00 39, 18. $252,000.00 |19, 298,000.00 \ SELBY, cashier of the nbove -named bank, do mlemnl.y -!.wur day of M 1 Gorn 17ih day ‘of Mare 3 DITH M. EVANS, Notary Public ROBERT D. WEAVER, 100,000.00. Total of items 9, 10, 2'and 1 25! . Checks on banks located nu!!hie of city or town of renorllnz bank and other cash items.. Redemption fund with U. S treasurer and due from U. treasurer Total . . Capital stock paid in $550,000.00 Surplus fund . 400,000.00 Undivided profits © Less current expenses, interest and taxes paid |20. Circulating notes outstanding . Amount due to federal reserve ‘bank (deferred credits 2, Amount due to national banks. ‘Amount due to state banks, bankers and irust companies in the United States and toreltn countries (other than in- oluded in items 21 or 22). |24. Certified checks outstanding 125. Cashier's checks on own bank outstanding. ! ‘Total of items 21, 22, 23, 24 ang 25. $711,328. | | i Demand deposits (other than bark deposits) subject to re- serve (depusits payable within 30 days! . Individual deposits subject to check. suu. county or other municipal deposits secured by ple sb of assets of this bank. Dividenda unpald Other demand deposits. Total of demand dopollu (o(har than bank dnmfllls) subject to reserve 21 27, 0 n 3350794158 Lme deposits subject to reserve (payable after 30 days, or -uNce to 30 days’ or more notice, and postal savings): Certificates of deposit Yother than for money borrowed)..... 206,484.29 State, county or other municipal deposits secured by pledge or assets of this bank.. 160,000.00 Other time deposits. - 1,496.217.6: Postal savings deposits 4 subject to '!'oll of time reservi 23, 34 and 35. .1, !Gl ‘lflfl l' . Unlllfl States dlpoll!l ‘(other than postal savi ings), inciuding ‘war loan dm-ll @scount and deposits of United States dis- bursin, Bills u;‘lle (including ali obligations répresenting money deposits borrowed other than rediscounts)..............oooooeuennn- 615,000.00 . Notea and bills rediscounted, including acceptances of other banks and foreign bills of exchange or drafts sold with in- . | dorsement of this bank . 34279850 “. Lllbllltl. other than tho slated—Deferred cr(d.ll due clearing house bank account returned items......... 4.614.50 “Total . Dis 2!1“:1 of Cflo swear tnat the sbove bellef. Subscribed and sworn to ‘before me this 18th day of March, 1922, ALEXANDER R. VARELA. Notary Public. C. C. ROGERS, A. P'. JORSS, OFFUTT, Jr‘. Directors. LA