Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-02-12
MEMBERS LOANS
GAIN S26,0DO,0l)
Federal Reserve Banks Also
Show $4,000, 900 increase
in Borrowings.
BY CHAS. p. SHAEFFER.

The Federal Reserve Boards state
ment of condition of TIC reporting
member banks in leading cities as of
February 3 shows increases OF $4,000
oo0 In loans and discounts of $40 .000, :
900 In time deposits and of s44 ,OU0. 900
IN BORROWINGS from the Federal lie
serve banks. Member banks in New
YORK City reported increases OF SO
V"ouoo III loans ana discounts, of 80
ooo.oo0 In investments and OF Sos
ooo,ouO IN borrowings from the t'ederaI
t>eServe Bank
Loans on corporate stocks and bonds
went up $4,000, 900, the larger increase
Oh s3O,oOO.00O reported by banks in the
New York district being offset. in part,
by comparatively small declines in
most OF the other districts. All other
loans and discounts were $1,000 900
larger than the previous week, an in
crease OF $l2 900 900 in the Chicago
district being partly offset by nominal
reductions In the most of the other
districts.
Holdings of United States securities
were Sl3, O0on00 larger and Of other
securities Sl1 100000 smaller than a
week ago. most Of the changes occur
ring at reporting banks in the New
York district.
increase in net demand deposits of
- l.op0.V0O in the Chicago district and
ut 5S.o0O.000 in the Cleveland district
were nearly off set by reductions Of
$3.000.oo0 and 81 900, 900 in the Bost n
md Philadelphia districts, respectively.
The principal changes in BORROWINGS
from the Federal Reserve banks in
ciude an increase OF S53. 000. 900 by
banks in the New York district and a
reduction of $4,000 900 by those in the
Chicago district.
Poole to Address Bankers.
John Poole. president If tie Federal.
American National Bank, will address
the bankers Of Alexandria this eve.
ming at s o'clock at the George Mason
Hotel. featuring his address with an
explanation of the most approved
method OF analyzing an account The
speaker is one we'll verSed in this
matter, having specialized on this par
tlcular subject for years in his capac-
ity as chairman Of the unprofitahle ar-
counts committee of the local bankers
aSSUCia ton
Bank Stock for Employees.
Interests connected with the Com.
mercial National Bank have acquired
a block OF 100 shares of the institu.
lions stock at price considerably be-
low the present market. which will be
onered to employees, on pro rata
basis, at cost.
The stock, aside from representing
an ownership Of the bank will carry
all the benefits of the Commercial Ma
t1onai Securities Corporation. organ.
lzed by the bank few weeks ago ia
deal in mortgages
The shares will be offered employees
on easy payments and additional
shares will be acquired from time n
Tune for their participation. it was
said
Poster Advertises Banquet.
The local bankers fraternity ficura
lively put its shoulder to the wheel
TINS morning in exploiting the annual
banquet of the Washington Chapter
American Institute Of Banking. which
VIII be held at the Willard Hotel a
week from tomorrow night.
"A novel poster. designed by Osca
A. Ihorup of the bank service depart.
ment OF the Rand kardex Bureau
Inc. himself graduate of the local
napier was prominently displayed in
all banking institutions.