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Financial Conditions In Oregon Gratifying Mr. Bramwell Avers cember 31 aggregated $59,990,Pointing out that only four out 604.69 showing a net increase of of a total of 280 state and na$169,529.69 for the year. tional banks in Oregon were foreed to liquidate during 1921, Deposits Not Decreased Frank C. Bramwell, state superWhile the time and savings deintendent of banks, in his annual posits have shown a slight dereport filed with the state bankcrease during the past year," Mr. ing board here Monday declares Bramwell explains, "there is no that "it is gratifying to observe indication that the people are dethe financial conditions in Orepleting or withdrawing this class gon when compared with other of deposits. It is quite generally states." Other banks closed or conceded that the aggregate desuspended were reorganized and clines in time deposits is chiefly permitted to resume business, the the result of withdrawals for inreport points out. vestment purposes or transfers to The report shows aggregate reeither commercial or savings acsources of the 280 banks in Orecounts. A large volume of time gon at the close of business Deand savings funds have been incember 31 of $288,433,859.49, a vested in government and muninet decrease of $64,098,068.52 as cipal bonds. In fact the investcompared with the resources of ments in this class of securities the previous year. have shown a substantial and con tinued increase." Demand Deposits Decrease The aggregate invested capital Loans and discounts at the end and surplus on December 31 was of the year aggregated $169,803. $31,039,592.35 as compared with 937.44 or a decrease of approxi$30,762,659 on November 15, mately $42,000,000. 1920. Demand deposits show a deOnly 100 of the 186 state banks crease of $46,475,875,89422 declared dividends during 1921, since November 15, 1920 and these dividends aggregating United States deposits and Postal $729,011.82 or approximately Savings deposits during the same 7.07 per cent on the invested capperiod decreased $838,685.37. ital. Forty-three banks sustained Bills, payable, rediscounts and an actual net pss aggregating certificates of deposit, represent$406,388.67. ing borrowed money also show a Banks now in liquidation innet reduction of $7,080,982.14 or clude the First State bank of 41 per cent since November 15, Philomath, American Bank and 1920. Trust company of Portland, Bank Time and savings deposits comof Jacksonville, Crook County bined aggregated $80,769,216.30, bank of Prineville, Lafayette a decrease of $3,572,468.81 since State bank and the Nehalem ValNovember 15, 1920. ley bank of Wheeler. Savings deposits alone on De-