The Washington times., 1925-10-05
D. ct |NANC|ERS
RETURN FROM
A. B. A. MEET
Atlantic City Convention Is
Regarded as of Great Inn
portanoe to Business
By RICHARD HATTON

By RICHARD HATTON
Many prominent Washington
bankers who attended the annual
convention OF the American Bank
ers' Association at Atlantic City last
week We're back at their desks to-
day. A number of other representa-
tives of local financial institutions
remained at the seaside resort for
another week to enjoy short va
cation before plunging into the Win
ter work District Of Columbia
bankers were especially prominent
in much Of the convention activities
OF the national organization both
because OF their high standing in
the financial world and because OF
the greater Importance now being
attached to Washington as one or
the hig financial centers Of the
country.
" ne the sessions Of the associa-
ton at Atlantic City discussed many
major banking and financial prob
lens, according to- some of those
who were in attendance from this
city, much Of the more important
work Of the gathering was done in
group meetings in which attention
was given by specialists in the sew
era ] departments of banking to
use NJ. Intlpnate subjects COM
ments.
The subjects of more vital inter
est to national banks were covered
in a group conference attended and
addressed by men especially quail
fled to discuss the functioning OF
these institions. Savings bank
!. problems and policies were covered
by another group Of specialists
while the important subject of trust
companies and those interests and
policies with which they are espe-
cially concerned was brought be.
fore group con1postd of high
trust company officials and ex-
perts.
Branch Banking Discussed.
Matters Of interest to country
banks. was covered in a compre-
hensive manner by the meetings Of
the country bank group. while the
problems, potentialities and pos
abilities of clearing houses were
taken up and discussed by the
clearing house section. Branch
banking, a subject which, at the
present time, Is OF considerable i'm.
portance in the banking world and
which has In the past presented
some serious problems TO those
concerned with the policies of
great financial institutions, occupied
the attention of a large group OF
those attending the convention and,
IL is expected, that out Of the dis.
cussions at Atlantic City, win come
some enlightening thought upon
this subject.
According to several Washington
bankers the convention Just ended
was one of the most constructive
gatherings of the American Bankers
Association. THE convention" they
declared, 'got right down to brass
tacks in the discussion Of the
many banking problems presented
and much good viii come from the
serious and scientific discussions
carried on in an effort to develop
the banking business along lines OF
benefit to both the financial instt.
tutions and the public"
While the attendance at the
Atlantic City convention was large,
there are. naturally, a great many
bankers who were unable TO be
present, and for the benefit Of these
and many others interested in the
vastly important subjects discussed,
the proceedings of the convention
win be published by the association
as we'll as appearing in most COM
plete form in several bank and
trust company publications.
COncIaVe of Great Importance
According to local bankers the
powerful influence of the American
Bankers Association has become
one of the greatest factors for good
4 and it's annual conventions are
locked upon as of vast importance,
not only to the banks and trust
companies directly concerned. but
by the entire business fabric. OF the
land, which, in the final analysis,
must b. based upon the solidarity.
the strength of management and
the policies Of the nations finan-
cial institutions as represented by
national banks, savings Tanks ana
trust companies. President Francis
q. Addison. of the District Of Col
ufnbia Bankers Association, voiced
the general view Of Washington
men who attended the convention
when he said today: THE meet
ing Just held at Atlantic City was
in every way constructive and help
full"
one of the most important ac-
tons taken at the convention, &C.
cording to local bankers was the
9nQOECeulSnI VI inc AloiL-iiiiAilOi wi
lar scholarship fund to be raised
and made available for the work
of the American Institute of Bank
ing. The Distrid of Columbia
quota of this amount is about ]
$1,000.
Another feature Of the conven-
ton which ELECTED comment among
Washington bankers today was the
very generally expressed determine
ton to work for the extension of
the charter of the Federal Reserve
Bank. Reduction of taxes was also
discussed and approved. About
$500 prominent bankers attended
the convention.