Evening star., 1923-10-08
BANKS BUILDING !.
COMMITTEE named
FederaI-American in Further
Step Toward New Home.
Local Stock Trading.

The first step incidental to the Con-
pletion of plans for the erection of the
Federal-American National Banks
new home was taken this morning
when John Poole, president Of the
institution appointed his building
committee. Besides w. T. Galliher.
chairman of the board; Mr.. Poole will
have to assist him William John
Eynon. William G. Gailiher and Albert
E. Berry. This group will. it is ex-
pected, begin functioning Immediately
in order to report to the board OF
directors at the earliest moment.
1t is the intention of the officers
and directors to make the irKtitu-
tion's new building one Of the finest
structures of it's kind in this section
OF the country, and no pains wh1l be
spared to have it complete in every
detail.
An innovation of a most unusual
local character is planned for the new
bank. The main banking room con-
tanning the tellers cages and other
Offices with which the public comes
into contact. will be on the second
floor. Elevators, for the exclusive use
Of bank patrons, will be installed
The first floor of the building will be
occupied by stores.
with the erection of the new
Federal American building an even
brighter future than it's splendid past
Is being predicted by officials of the
institution. -..
Bankers to Address Institute.
Some of the city's ablest bankers
will aid in ushering in the current
seasons work of the local chapter.
American Institute of Banking. which
holds it's initial session tomorrow
night at headquarters in the New
Harry V. Haynes. president of the
District Bankers Association, follow
ing President Dulin's Introductory
remarks, will make short address,
American Security and Trust Com
pany, will then present certificates
to last years graduates, while Victor
B. Deyber. president of the Second
National Bank, will present prizes
to honor students of last year.
Dancing will follow the business
session, which will be completed by
class enrolment. '.-
Treasury Issues Funds Call
National banks of the country have
been ordered to pay into their region
al members. not later than tomorrow.
20 per cent of the proceeds of the
June Is sale of Treasury certificates
which remain on deposit in banks.
This call will take from the banks
approximately s24. .541 .300s leaving on
deposit sss,165.200. The original OBJ
legation was for s1s9,S33,500, includ
ing s3S.344,000 of exchanges: was of
six months maturity and bore inter
est at the rate of per cent.
Bank Insures Every Employe.
The Federal-American National
Bank has taken out a group insur--
ance policy with a prominent life in
surance agency covering every officer
and employe of the institution, 1t was
learned this morning.
Two other banks in the District
field observe this unique considera-
ton.
New $1,000, 900 Bond Offering.
s. W. Straus & Co. have purchased
and are offering an issue of S1,100,000
first mortgage 6t per cent two to
twelve year coupon gold bonds of the
Broadway and 108th Street Corpora
tion, secured by the land and a fif
teen-story apartment building now
being erected.
Coupons are payable April and
October /.
Local Stock Trading.
Trading remained steady, and prices
fairly even. on the Washington Stock
+ ed to 15sA. but odd lots trading only
characterized this issue.
Gas was off at the markets opening
but recovered to 49A. and Capital
Traction stock was strong at 100 II =
Railway preferred held at its previous
figure. IL.
Electric Consol SIS brought 81, and the
5 per cent bonds of Capital Traction
Company sold at "a. Gas 5s changed
hands at 931a, and the 6s of 1928 were
firmer at 101. ..,