Article Text
limited to 2 per cent withdrawals, number of new depositors appeared. At the Prince Georges Bank & Trust Co., Hyattsville, J. Enos Ray, president, announced a "very successful day, with normal withdrawals" and approximately $200,000 taken in deposits. He stated also that hoarders and other gold holders have brought in $30,000 worth of the yellow metal since it was made "hot" by the President last week. Deposits Rolling In. Although the institution is restricted to 2 per cent withdrawals, pending reorganization in order that they might get into the Federal Reserve system, the Eastern Shore Trust Co., Upper Marlboro, took in $2,458 from depositors, compared with withdrawals of $167. William E. Sipe, cashier. said officials and employes are working on the re-organization, and it has not been determined definitely what day the changes will go into effect. He said: "Deposits are rolling in this morning." William S. Hill. cashier of the First National Bank of Southern Maryland, also in Upper Marlboro, said: "Business is fine. we received $26,000 in deposits yesterday, with withdrawals about normal." The Citizens' National Bank of Laurel reported $44,000 in deposits yesterday, approximately $31,000 more than withdrawals. The Brandywine Bank, which was also opened 100 per cent. had many more deposits than withdrawais. Almost all of the money brought into the banks yesterday, bankers said. was either "new" money. accumulated since the closing. or cash withdrawn some time ago, as there were no heavy withdrawals in the county just prior to the holiday. Withdrawals Small. The seven banks in Arlington and Fairfax Counties reported total deposits yesterday of more than $270,000. with withdrawals far under the average for a day's business. One bank. the Arlington Trust Co., announced total deposits of more than $100,000 and not a single withdrawal check of more than $25. As was the case in all of the other banks, there were many new accounts opened. The Clarendon Trust Co. also had deposits of more than $100,000, with practically no withdrawals. It was the largest day's business in the history of the institution. Deposits in the Herndon National Bank totaled more than $20.000. There were a number of new accounts which, coupled with old accounts. made one of the largest days for this bank also. The Falls Church Bank took in approximately $20,000. including several new accounts and the retention of all existing accounts. Total deposits of approximately $16,000 were made in the National Bank of Fairfax, with withdrawals light. The Vienna Trust Co. took in $6,291. which is about twice the usual day's business for that institution. Despite the fact that it is operating upon a maximum 5 per cent withdrawal basis, the People's State Bank of Cherrydale reported deposits above the average and several new accounts. Officials refused, however, to give any figures, claiming that they would not be a fair indication of what could have been expected if the transactions of the institution had been unlimited.
