The Washington times., 1925-10-17
BANKERS ASSN.
TOBEGIN FALL
ACTIVITIES
Unprofitable Accounts and
Protection Will Be Discussed
at Their Meeting
By RICHARD HATTON

rooms Of the association in the new
Masonic Temple Building Monday
evening at 8 o'clock.
This gathering Of Washington fl
nanciers marks the opening OF the
winter series of business sessions
and is, also, the initial meeting of
the association under the admins
tration of President Francis G. Ad-
olson and the other executive Of
fieers elected at the annual con-
vention at Hot Springs, Va, last
June.
Especial importance is attached
to the meeting of the association on
Monday BECAUSE of the fact that
there will be a discussion of the i'm
portant subjects OF improbable ac-
counts.
This is a matter in which the de-
posting public holds an equal in
terest with the bankers for the
stability Of any financial institution
depends upon wise executive direc-
ton and sound methods Of trans
acting business.
Tt has been repeatedly pointed
put that the Improbable accounts
sometimes carried by banks are q
drain upon their resources and
those individuals who maintain
profitable accounts should not be
forced to share with the bank in
supporting the burden OF the un-
The subject of the unprofitablA
checking account, or the checking
account that is so small and sub
Jet to such constant Withdrawals as
to be an expense and a burden TO
the bank is one which has been at
tracing universal interest in bank
ing circles for some time.
Charges Held Fair
It has been analysed and dis
cussed at practically all recent
bankers conventions, including the
gathering OF the American Bankers,
Association at Atlantic City this
summer and was covered in a most
complete manner at the convention
OF the District Of Columbia Bank
ers' Association at Hot Springs in
June. The banking public has be-
come more familiar with the prob
lem because of these discussions
and is undoubtedly prepared to
support the banking institutions in
any movement designed to- bring
about a more equitable condition,
1t is stated that many banks
throughout the country are, al
ready, closing out many accounts
that are carried at a loss, while
nfhorS inefifr1ffnu Sxye&o,a
service charges as a fair means Of
affording accommodation to such
OF their customers as are unable
to keep a profitable amount on
deposit.
There seems to be no resentment
of this service charge on the part
or the public and, as il is unques.
tionably, simply matter Of jus
tice to all concerned it is consid-
cred, in some quarters, as the solu.
ton of the Improbable account
problem.
1t is not expected that any &C.
ton will be taken by the local
banks at the meeting or Monday,
but much good will come from a
frank discussion of this serious
point in modern banking.
Another matter Of Importance to
local financial institutions which
viii come before the meeting OIL
Monday will be the report Of
chairman, Harry ". Haynes, of
the protective committee.
This committee, under the alert
leadership of President Haynes of
the Farmers and Mechanics Ma
tiona1 Bank, has rendered invalu-
sole service in the matter of de-
tecting and preventing fraud upon
financial institutions.
Its work has been one of the
outstanding features of the year
IN connection with the inner
workings of District Of Columbia
banks. y
One Of the especially important
features Of the work Of this COM
nlttee is the training given bank
tellers through it's comprehensive
system of checking up those who
would defraud banks and others
through worthless checks. drafts
etc.
In both the question of the I'M
profitable account and protection
against fraud the banking public
and the bank officials have a COM
mon interest ~and, for this reason,
local association on Monday will
deserve especial attention.
In connection with this common
interest between the banks and
the public, there be a feature of
especial value following the meet
ing Of the association on Monday
evening. when, at 1890 p. m. Eliot
II. Thomson. Of the Washington
Loan and Trust Company. one of
the best informed bankers in
Washington upon the subject of
Banking Fundamentals, will de-
liver a radio talk on the subject
OF THE Relation Between the
Banks and the Public"
This Informative talk should be
heard by all bank depositors and
prospective bank depositors for it
will be right in line with one of
the important subjects now before
the banking world and will assist
In establishing that desirable re.
lationship Of understanding be-
tween the public and the banks
e which will rebound to the benefit
Of both.
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