Evening star., 1923-11-14
TREASURY ISSUES
CALL FOR FUNDS
Certificate Sale Proceeds
Requested-0ther Local
Financial Notes.

Secretary of the Treasury Mellon,
through the federal reserve system.
is today calling on all member banks
or the country to pay into their re-
gfonal members not later than tomor-
row 70 per cent of the proceeds aris-
ing from the September Is sale of
Treasury certificates remaining on
deposit with banks.
The current call will result in
withdrawal of approximately S24,567,-
100, leaving about $73,70l.200. The
original loan was for S249,750,O00 OF
4 4 per cent six months certificates,
including S63,s46.5O0 Of exchanges.
Proceeds will be used as part pay
ment of interest charges on libert:
loan issues, which viii claim dis
bursements or about $6S,000o0 to-
morrow.
Will Enlarge Bank.
work on remOdeling the interior Ug
the present Federal American Ma
tional Bank, with q view Of .nIarl.-
ing the institution TO care for bust
ness demands, Will be started al once.
President John Poole announced this
morning
According TO present plans, almosx
T.,
the exception Of the vault s. II b.
torn out and replaced with cages for
the various departments These, when
completed. viii give the bank four
additional windows, or fourteen IL
all.
The principal department TO be af-
fected VIII be the bookkeeping d!vis-
ion, which Will be removed to another
part of the institution.
The Federal-American completed itE
first year as an amalgamated institu-
ton on October 81 last and III that
period enjoyed unprecedented sue.
cess, Mr.. Poole said. While deposits
during the year have not gained alb
normally, careful analysis of thu
statement OF condition shows profits
grossly above dividend requirements
Thrift Workers Active.
The inaugural meeting Of the Wash
IngtoR thrift committee. originally
scheduled for Friday afternoon, has
been postponed until Monday at
o'clock, at the City Club. Howard
Moran. Chairman Of the body, report
ed this morning. The change waa
the Roger Rabson lecture on Friday.
Mr. Moran also said that every
member bank of the District Bankers
Association has been invited TO send
q representative OF the respective in
stitutlons to thu bankers luncheona
held each Wednesday at the City Club.
These luncheons. started q few
months ago are informal affairs.
where the problems of the various
banks in the city are aired. As az;
evidence of their merit, q leadins-
banker said a short time ago tina.
already his institution had been saved
many thousands OF dollars by reason
OF advance information on Il certain
new fraud making its rounds, which
was sounded at one OF these lunch
eGnS.
Banking Class Elects.
The Elementary Class Of the loca!
chapter. American Institute of Bank
ing, last night elected the following
officers for the ensuing year: presi-
dent, Edward Hall: vice president,
Miss & +. McGrath; secretary, @. J..
Barholt: treasurer, Il. *. De Groa-,
and assistant secretary, Agnes Nc
Neil. W. L. Sanderson wiio haEdlr
publicity for the body.
Local stocks Very Dull.
a dull and uniuteresting session, =
unchanged prices. ruled the Washing
| ton Stock Exchange this morning.
! Trading confined itself entirely to
the favorite issues.
Pepco. consolidated fives were ir
good demand az 97l&, and Capita
Traction fives brought S3Ie. Stock
If the latter company was off to 9S12
with Lanston unchanged al II Y.
ashinEton Railway aEd Electric
preferred sold at Til4.