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STATE HAVE S IN CARRIEDARE s (By Smith) Guthrie t business , unfavorable In spite New of Mexico make gains through in de have total 1920. e posits report condition and encouraging to resources of features This of is f state just been by James o one the shown calendar of in the the banking sixth department. annual filed with Gov The re B e - has Mechem the report the Merritt state C. bank account practical- The of d port trade has o Read, that stagnationen on coming general no shows new money This has resulted unlavorable 0 ly the state. extremelybut this confor the been into condition has state banks, dealt with banks in a cred sus, the the year 1 : pended charters were became itable dition Only manner. two business of during issued state members to 10 new of i while eight system. : banks and reserve was created, banks the federal the department state There are now When 1915, there were of 429,909. and on Nov. under the in having resources 78 state call banks, of the comptro 17, 1920, of the currency, total of $27,295,325. the had ler reached New Charters fol were Ten issued to The Bank Charters institutions: the First new Roswell Loving lowing of Commerce, bank, Loving; Grenville Bank the the Farmers of Roy, Las State bank, the bank, : State bank, Vegas and Roy; State the the Las Clovis; Farmers the State Citizens Farmers Stockmens State State bank, Mountainair, the bank, Moriarty; Vegas; Clayton; the Home State have bank, Mt. Dora. state banks federal reThe bank, The following members of the Citizens Santa bank, become system Capital City bank, and Saving: Aztec serve the Trust Stockmens Fe; State the the First Term bank, bank, Corona Lovington the Mount the State torial bank. State bank; bank, Mountainair Portales: the tainair Security State bank, at become in First The State Bank of the SpringeNational First bank the of has Springer. reference to report changes says: several With banks, the Applications have been banks to sys There Other Reserve state filed reserve several becom. anas plications of the federal has been taken State members of no final action federal reserve whose under tem, but yet by the banks on $25,000. their authorities capital stock 1920, was have in January stock 1, to at section least 8 of amend the New compliance capital Mexico with banking act, Savings as bank ed. The increased Roy Trust its and capital stock Stockmens from bank, of $15,000 Roy, to Farmers $50,000. and nded its arand ticles stock to Bank "The of incorporation. Estandation, increasing Trust its art capital The Farmers Maxwell, amended its company, incorporation, and Merchant State Vegas icles name of bank to the of Farmers Maxwell Savings articles bank "The Las amended its commercial Las Vegas, to do Originally, a under bank banking incorpora business. the business accounts. of the its charter, to savings was limited Two Suspinsions Only the Columbus time State at the "On bank Nov. is 4, Columbus, 1920. present A closed Wield doors, and of Mr. bank examiner hands yet been the state not will special deputy it has bank determined reopen At this writing whether whether the it shall be able to to liquidate the Mountainsir be required 16. 1920, closed On Dec. Mountaination the bank State bank the affairs a crecial deput doors and hands of I believe the ban are in bank examiner time this its affairs state within a short straighten out be able to the state bank in and During reopen." the increase year of There $4 094,767 is an in showed an of resources. decreases 17 10 items of $301,333 The in principal bonds item offset other items. was in liberty three decreases to $186,153. almns $20,000,000. of and amounts banks had on as deposit follows: De de- t These divided time deposits, in The was $2,250. deposits 000. posits. mard $6,505,Septroximately y Banks leads in Counties in number, is next with county Torance Socortr seven in with Union six, state Colfax, each, banks, while Mora and Miguel Dona have Ana, t to have five and San and Vafour each. Lincoln. none. Taos newspaper. has no o ti R lencia have kind. nor a and finan- t cial bank As conditions to of general any of the the business report state says: have difficult dur et to banks many credit of S the year it is to problems ing problems "The and that faced these the During the in managements so well met. liberally of their va- of s war money funds have been banks gave making the to the in success51 time and drives for the production the at rious war supporting same time de ful. and At the severe sea P of of foodsturienced foodstuffs. experienced and a very unustial the winter livein state son of drought which crippled disastronely in conditions most 1920 has V stock growers The year growers; and to crops many their Lee nmost stock, instanavatable bring and good various returns to relieve later the bid on ta th c1 w pa fair to could be used stood behind them during which which had seasone S banks winfavorable Not Maxine Products
