Banking 
At the end of 1925 the Kingdom of Serbs, Croats and Slovenes contained 
639 banks with 2.011,000.000 dinars capital, and 543,000.000 dinars reserve, alto- 
gether 2.554,000.000 dinars, or the equivalent of 235,000.000 gold francs. 
In addition to these resources of their own the banks accepted money from 
other sources, deposits of 5.732,000.000 dinars, and 5.678,000.000 dinars in various 
forms of credits, making a total of 11.410,000.000 dinars.Consequently 13.964,000.000 
dinars of the banks own and other moneys were lying in the banks, or about 
1.300,000.000 worth of gold francs. 
In 1926 the position of all the banks improved to a small, and quite unim- 
portant extent. 
There are relatively few large banks. Most of them are small, having little 
capital, which they use for local needs. 
The National Bank, which is the bank of issue, has paid up capital to the 
amount of 30 million dinars, of which 10 million are in minted gold, and the other 
20 in paper. There is a fund however for the purchase of gold for capital 
amounting to 83,055.870 dinars, or about 7.6 million gold dinars. The reserve fund 
1s 9,323.725 paper dinars. The metal covering of the note issue consists of 86,113.382 
dinars in coined gold ; 17,513.272 dinars in coined silver, 831.495 dinars in various 
foreign curencies on the Bank’s treasuries, and the following sums at corresponding 
banks abroad : 1,959.285 Swiss francs ; 2,803.076 dollars ; 1,492.660 British pounds; 
17.305 Dutch florins; 827.443 Austrian shillings ; 1,074.053 Belgian francs ; 
3,444.800 Italian liras; 12,615.021 Czech crowns; 157.213 German marks; 1,115.926 
French francs (free) and 261.540.000 Fr. francs (bound) and in other foreign moneys 
177.471 dinars. 
The average note circulation during 1926 was 5.692,527.400 paper dinars 
which at the average rate of 9.132 Swiss francs per 100 dinars gives 519,841.600 
Swiss francs. In addition there was coined money in circulation, as well as paper 
and metal one dinar and half dinars to ‘the amount of 290.000 dinars. The total 
circulation therefore was 5.980,527.400 dinars, or 546,141.760 Swiss francs, which 
gives about 460 paper dinars, or 42 Sw. francs per inhabitant. 
These enormous sums in circulation were the consequence of the debts which 
the State contracted at the bank of issue, amounting to 1.114,184.106 dinars, for 
the purchase of the Austrian crowns which were in circulation in the Kingdom