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DISTRICT BANK'S ASSETS GROWING Hopes for Dividend This Year Seen in Receiver's Report. Hope for a dividend some time this year for depositors of the District National Bank, closed since 1933, was seen in the quarterly report of Receiver Norman R. Hamilton, made public yesterday. Although a suit still is pending by certain stockholders, seeking to prevent collection of assessment against stockholders, the receivership is making good progress in liquidating the institution, the report shows, with remaining assets now estimated at $2,201,958.72. Collections from stockholders, listed as "cash collected by receiver and held as trustee for owners," total $469,802.02. The bank owed the Reconstruction Finance Corp. a total of $1,193,487, but has paid back $901,287, and thus owes less than $300,000 on assets valued at a much higher figure. $567,186 Cash on Hand. Cash in the hands of the receiver has reached $567,186.71. When another dividend may be payable to depositors is a question which cannot be answered at this time by the receiver, but the figures speak for themselves. Distribution may not be made, it is understood, however, until the stockholders' suit is settled. Under a dividend of 50 per cent, paid in September, 1933, depositors had received up to the end of 1935 a total of $1,920,331.22. Reports of several other receivers of insolvent banks were filed also yesterday, disclosing the condition of these institutions at the close of 1935. Delayed by Litigation. The Federal . American National Bank & Trust Co., of which Cary A Hardee is receiver, has remaining assets estimated at $3,029,389.66, but pending litigation apparently has delayed indefinitely possibility of a dividend to depositors. Stockholders have paid in a total of $1,005,186.73 on a stock assessment of $2,000,000. Cash in hand was listed at $1,090,923.89, and a liquidating account included $114,815.88. Out of a total loan from the R. F. C. amounting to $2,348,425.97 there has been paid back $1,090,923.80. Depositors of this bank have received one dividend of 50 per cent, which up to the end of the year had been paid out in the total of $4,162,486.21. Reports of Other Banks. Reports on five other banks were made public. Among those, four were in the hands of Receiver Hamilton, and had remaining assets as follows: Potomac Savings, $781,162.09; Seventh Street Savings, $377,782.25; Northeast Savings, $221,260.98; Washington Savings, $132,402.33. The Chevy Chase Savings Bank, which has paid out 80 per cent and probably will pay 100 per cent to its depositors eventually, was reported by Receiver Hardee to have total remaining assets amounting to $30,557.68.
