This is a direct quote from "Revelations of the Memphis Mafia" by Alanna Nash,Billy Smith,Marty Lacker and Lamar Fike:
"The way I understood it, Elvis had $1,055,173 in his checking account-and that was an interest free account-but it was a ninety day loan that had been shifted out of one account to the other. He had the money coming, and the bank advanced a million because they knew a check was coming from RCA. He had gone through a bunch of money, and he was in more desperate straits than it appeared."
* I dont know how much of that is true, but thats what Fike claims anyhow.