The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-10-24
KEEP CLOSE CHECK
ON THE BORROWERS
Credit Information to Be Col
leCted for National Bank
Examiners
ALL DONE IN SECRECY
Big Force at Work in All Districts
Which Undergo a Radical
Rearrangemtm

Washington. Oct GA tentative
system OF collecting credit information
for the benefit Of the nat lonal bank eN-
aminers with the cor hpilation and
checking up OF the commitments Of
large local and extended borrowers has
been formulated by a cor nmittee OF eN-
afniners who have been meeting at lhs
treasury department.
Every examiner herea fter VIII keep
for his own use cOmp ete file or all
large ana extended borrowers IN ms
district, which list VIII he sent 20 the
treasury department for aInniarlzlng-
The macniTery arallablet DY tie comp
troller OF the currency Rnll De put 10
work 10 gather such cred Information
as can be obtained from atiOnal banks
and from state banks and trust com
panies located ia states v here there Is
elreddy cooperation between the Ieo-
eral and state banking Officials.
The examiners viii not dlVdlSe the
name Of the bank where a llne or inc
credit is found of an EXTENDED borrower,
their special reports giVnag the Iotai
only Of the loans listed. These lists
are entirely confidential
II is not contemplated that a cOmpre-
hensiVe plan. which VIII suaIanlee tIe
assembling OF complete credit inIofma-
tion covering commitments OF all the
banks in the United states Is possible al
this time. nor personal and intimate re-
iariOnship between the banks and Dor
rOwers 10 be interfered with
Constant Cherk kent.
II is expected that the knowledge that
"a hundred OF more men viii be keeping
4 constant check on the borrowings
viii make IL extremely hazardous Tor
RE dishonest individual. firm or corpO-
ration TO set money from Che natiOnal
The committee rec0mme nded that in
addition 10 the usual annual meeting
of the examiners held in each OF the
eleven districts regular annual meet
ings OF the several district chalI men
be held at some central point early ~
the year. These meetings WOQll con-
slider conditions and make pubic m
formation as 10 the credit iath6 dnu
responsibility or those BORROWERS
whose names might be found on paper
in more than one OF the general as
tricts. and regarding whom IL might De
deemed advisable 70 compare notes
Districts Rez-ranged.
A radical Encouragement or the dis
tricts into which The country mas oeeh
divided also was recommended by the
committee This Encouragement con-
templates weu-defined commercial
areas or banking zones. the headquar-
ters in each district selectlVe on ac-
connt OF Importance as banking centers
ana as reserve cities. This tentative
plan follows.
District Mel New England, head
quarters Boston; Alfred Ever enalr-
District No. >: New York state apd
city and northern New Jersey; head
quarters New York; Charles A Hanna,
no. 3. Western Pennsylvania, Mary
land and the District OF Columbia; head
quarters Philadelphia; Frank l. Nor-
ris chairman.
No. 4. new district. Virginia, North
and south Carolina, Georgia and FLOR
ida: headquarters Richmond; no chair
man named.
No. 8, western Pennsylvania, West
Virginia. northern and eastern OHIO;
headquarters Pittsburg; II. A. Williams,
chairman.
No. 6. Kentucky. Tennessee, south
western Ohio and southern indiana
headquarters, Cincinnati, Percy ii.
Johnston, chairman.
No. =, new district. Louisiana, Mis-
sissippi and Alabama; headquarters
New Orleans: no chairman named.
No s. Chicago, Michigan, northern
Indiana, northern Illinois. Iowa Wis
consin. Minnesota. North and south Da-
kota Nebraska, Headquarters Cnlcagoi
T. n. R0rabeck, chairman
No. Q. southern Illinois, Missouri,
Arkansas. Oklahoma. Kansas and
Texas. headquarters St Louis; Frank
o Hicks, chairman.
No. no. Colorado. Utah. Arizona, Wyo-
ming ana New Mexico; headquarters
Denver. Il. l. Klein. chairman
Ne. IL, Oregon, Idaho. Montana, WASH
ingtOn. headquarters Seattle; r. T.
Wilson. chairman.
No i. California and Nevada; head
quarters san Francisco Henry \. Nor
rls chairman.