Business: First Call

By law the U. S. Comptroller of the Currency is required to call for reports on the condition of all national banks at least three times a year. Until 1931, when every call became a banking nightmare, the Comptroller's call went out regularly at the end of each quarter. Last year no call was issued until June 30. Last week Comptroller James Francis Thaddeus O'Connor in the first call of the year asked for reports as of March 5. Since most banks might wish to furnish statements for the same day twelve months...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!