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PONCA BANKERS UNDER BOND Mat Allison, president of the Deposit Guaranty State Bank of Ponca City, which closed last Friday, and is now in the hands of the State Bank Commissioner, has been placed under $5000.00 bond, charged with making false report to O. B. Mothersead, state bank commission- er. David Allison, son of Mat Allison and vice-president of the closed bank, F. E. Nonnamaker, cashier and C. E. Glover, assistant cashier, were also placed under bond of $5,000.00 each. Mr. Allison is well known in Pawnee county having at one time served as county commissioner Washington, D. C., July, 1927.The serious condition existing in many sections of the country, more particularly the agricultural districts, is reflected in the annual report of the Federal Reserve Board for the calendar year 1926, copies of which have recently come from the Government Printing Office. The report shows that during last year, the total number of bank suspensions in the country was 956, with deposits of approximately $275,000,000. These figures compare with 612 suspensions, with deposits totaling approximately $175,000,000, for the calendar year 1925, and 777 suspensions with deposits of about $215,000,000 for the calendar year 1924. Thus there were 344 more bank suspensions last year than during 1925, while the deposits of sus pended banks were about $100,000,000 greater. The increase in the number of suspensions over 1924 was almost 200, and the increase in deposits of suspended banks approximately $60,000,000. The following paragraph, significant of the condition in the agricultural regions, is taken from the Federal Reserve Board report for 1926: "Bank suspensions during the year were chiefly in agricultural sections of the country and for the most part in Iowa, South Dakota, Minnesota, North Dakota, Missouri, Kansas, Michigan, Texas, Oklahoma, Georgia, South Carolina and Florida These twelve states accounted for about 80 per cent of the total num suspensions in the past year
