The Washington times., 1926-02-06
BANK To AID ON
GERMAN BONDS
BY RICHARD HATTON

In recent years the development
OF service by banks and trust com
panies has been one OF the out
standing features OF American
financial expansion. Both the bank
and the trust company today go fan
afield from the somewhat limited
activities that marked their ebusi.
ness only q few years ago.
Possibly the most recent field to
be entered seriously by many OF
these institutions is that of com
plete and comprehensive foreign
service.
A pioneer in the foreign service
field in Washington was the Wash
ington Loan and Trust Company
and the foreign department OF this
institution has proved one OF the
most successful of the collateral un-
dertakings of the company.
This company now has gone one
step farther in the foreign service
field in connection with the -eVal-
uation of German bonds and mort.
cages as well as the execution OF
the necessary applications.
The Washington Loan and Trust
Company has undertaken 10 accept
and forward the necessary forms
for the exchange Of present holdlngS
merely as q matter of public sery-
ice without remuneration and those
interested in German securities VIII
receive valuable information and
assistance in the company's 1oreiSn
department.
According to information issued
by the New York and Hanseatic
Corporation. all bonds or Treasury
notes of the German Reich, with
all fn nd
private debts assumed by the Reich
in connection with the taking over
of State and private railroads viii
be exchanged against bonds OF
new redemption loan.
There is considerable technical
financial detail in connection with
these transactions and the Wash
ington Loan and Trust Company
has assumed considerable extra
burden in engaging to accept and
forward the necessary forms for the
exchange of present holdings.
A survey of considerable interest
to all local bankers is being made
by the committee on Standardization
of banking forms of the District of
Columbia Bankers Association OF
which e. T. McQuade. of the Lib
erty National Bank, is chairman.
This committee has been going
thoroughly into the subject assigned
if which is large one, covering
as it does, the many papers and
forms connected with routine bank
ing business.
Mr.. McQuade's committee has
held several meetings and 1t IS be-
lieved that preliminary report
win be in shape for submission at
the next regular meeting or the
D. C.. Bankers Association.
In this connection, washington
ankers are evincing interest IN
action by the California Bankers
Association which has recently
q standardized system OF
blanks, forms. checks, certiflcates
of deposit and other cOnmerclai
paper which, it is argued, Will
greatly facilitate the work Oh
clerks and others in banks handnng
these papers.
The committee in charge OF ar
for the annual BAN
oi,et of the Washington Chapter OF
the American Institute OF BANK
ing reports that invitations to the
AFFAIR. which will be held at the
Willard Hotel the evening OF Feb.
ruary 20. have been mailed. Reser-
vafiona have been requested by
MANY banks for members OF their
stats and, It is expected, that there
wiII fa at least six hundred pres
emf at this outstanding occasion OF
the season in banking circles.