The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-02-05
BANKS To MD
LIVE STOCK
MEN
House Banking Committee
Favorably Reports
Strong Bill
By HARRY GUsACK.

Committee ordered a favorable re-
port yesterday on the Strong bill
to amend the agricultural credits
act so as to make national aGr1cul-
tural credit corporations eligible to
rediscount with the Federal inter-
mediate credit banks.
This legislation was recommended
in the report Of the Presidents
Agricultural Conference. It declared
that this would bring about condi:
lions making possible the organiza-
ton in the livestock territory Of an
adequate number Of properly cap
italized loan companies. Banking
groups interested In serving their
locality may thus easily provide loan
companies to take care OF the breed
ing end OF the livestock industry in
q way suited to the special needs
Of the industry.
# Chairman McFadden, Of the COM
mittee, was authorized to approach
the chairman Of the House Rules
Committee, the Republican floor
leader and the Speaker Of the House
I'm order to secure q rule making
the proposed legislation privileged
3for early consideration.
The committee also gave informal
consideration to q bill sponored by
Chairman McFadden, and in which
the Federal Reserve Board Is ma
sferia1ly interested, to amend the
clayton Act restricting membership
upon bank directorates.
The bill would authorize the Fed.
eral Reserve Board, in certain cases
90 permit directors to serve on the
boards OF three banks instead Of
only two as is now the law.
g After rather. brief discussion
4t was noticed that the sentiment IN
the committee was against the pro-
posal In. view Of this unfavorable
attitude, IL, is not anticipated that
any further move win be made dur
ing this session OF Congress toward
obtaining action upon the measure.
Bank Resources Gain.
s The national banks OF the United
States again broke all records in
utling up resources. It was an
nounced today by Comptroller Nc
1ntosh that the s.O49 national banks
which reported on the last national
bank call. December 81. had aggre-
safe resources Of $24. So, 2sI 90,
This fepresents q gain OF almost
twp billion dollars IN year and an
Increase OF $1.05s, 220, 900 from the
combined resources reported in the
Gall Of October 10. The national
bank resources thus become an
proximately - per cent Of the COM
hined. resources Of all reporting
banks Of every kind .,
IL IL very gratifying" the Comp
troller said, ito note the increase
~ the volume Of resources Of
NATIONAL banks during the last year,
which dtscloses the strength Of the
q ~ kfA
apundantly able to provide for the
requirements OF the Communities
served by its membership
Detailed figures compiled from
fne reporting banks follow:
Loans ana discounts. including
Eediscounts OF $19e, 396, 900, amounted
amounted to $12,319. $50, 900 Decem.
Dor 81. 1924, showing an increase
since the date OF the prior report
OF $109,532. 900, and an increase in
the year Of $443.11s 900. United
states Government securities show
an Increase between the dates of
the last two reports OF $780,, 600.
and the amount, December 81. 1924.
xz.5s6. 6S7, 900 was $1s,S4e. 900 greater
IMAM year ago. Other miscellan-
eous bonds and securities of 33,075.-
$4,000 December 81, were S17s,s95,.
100 IN excess Of the amount Octo.
Der 10. 1924, and exceeds the
amount December 81, 1923, by $685.
AeeyyVv:
Capital stock amounted to 81 .S34..
So0,VOO showing an increase since
October TO- 1924, Of $1,000 900. and
n increase in the year OF 9,OfI 900.
Sarplus and undivided profits
SRnoe1ted saa to s1.6si.se4.ooo Decem-
Aggregate depos it liabilities
amounted to $4,000, 208, 900, and
were 1891, 10000 greater than the
amount October 10, 1924. and So
-111,S47 900 In excess OF the amount
q year ago.
Bankers Banquet Committee.
ER Jesse CLANCY, chairman Of the
ebruary Fl banquet COMMITTEES of
the local chapter American Instt-
eute OF Banking, reported yeGter-
day that the response to invitations
4hus> far would indicate an attend.
ance Of about 500. All Committees
are now well organized and SO much
OF the plans for the nights enter.
tainment as will be announced in
advance will soon be Forthcoming.
The reception and advisory commit.
tee Is composed Of Victor b. Deyber.
president District Bankers associa-
ton, chairman; Harry v. Haynes.
Joshua Evans, m, Francis q. Addi.
SON ~, e. j. McQuade, L. A.
Slaughter, James G.. Dulin, jr., w.
J. Waller. c. d. Boyer and w. A.