The Washington times., 1927-01-26
BANK INSTITUTE
To MEET
By RICHARD HATTON


President 7. Hunton Leith, Of the
Washington Chapter of the An1eri-
can Institute Of Banking, has called
4 special meeting OF the board Of d.
Tectors OF the chapter for Thursday
afternoon at o'clock.
While the special business to come
before the board was not made pub.
lie, It Is known that there are pend.
ing many matters OF Importance in
view Of the coming exceptional &C.
fivtty OF the chapter and the success
that has attended the educational
work OF the organization during the
first semester and the enlarged plans
2or the remainder Of the year.
While all OF the classes have been
exceptionally well attended this year
u L. felt that greater interest might
be taken in the organization by
bank directors In general.
Practically all local bank officers
are members Of the local chapter,
ana many directors have loyalty sup.
ported the Institution az sustaining
members.
Nevertheless, there are opportuni.
ties for directors OF local financial
institutions to contribute to the gen.
eral advancement Of banking eff
cheney In the District OF Columbia by
getting behind the educational ef-
forts OF the chapter.
In carrying forward the spirited
policy OF the present chapter al
ministration there has been deSig.
mated q membership committee with
the special object of interesting
larger number of bank directors.
This committee is headed by VII.
1ner j. Waller, vice-president OF the
Federal-American National Bank,
with Vice-President Francis G.. Ad-
Olson, of the Security Savings and
Commercial Bank, President Victor
3. Deyber, Of the Second National
Bank; President Harry v. Haynes,
OF the Farmers and Mechanics Ma
tional Bank; w. w. Spaid, Of w.
B. Hibbs & Co.; President Ed
ward j. McQuade, Of the Liberty
National Bank, and Executive Vice.
President Joshua Evans, Jr., Of the
District National Bank, as his as
aociates.
Members Of this committee are
all enthusiastic A. I. B. men, grad
yates of the Washington Chapter
and devoted to the interests Of the
organization. It Is believed that
their efforts win result in greatly
augmenting the number Of sustain
ing members and in creating an
even greater interest in the work
Of the chapter among bank direc-
tors than now exists.
Plans for inviting women guests
70 the annual A. !. B. dinner to
De held the latter part Of Febru-
airy will be, discussed at q meet.
Ing Of the women's committee to be
Of University Women Clubhouse on
/ st. on Thursday at p. m.
President Julius Peyser, of the
Security Savings and Commercial
Bank, left Washington today for
Florida, where he win spend a
three weeks vacation.
According to the weekly analysis
nf business conditions made by
the Alexander Hamilton Institute
the average of 70 industrial stocks
since Christmas has lost nearly half
of the rally which developed after
the October break. The railroad
average has remained strong around
the high level Of the year. In view
OF these mixed tendencies, it Is not
permissible to say that the market
has had any general trend during
the past two months. Over the next
six months reactionary movements
In manufacturing stocks are likely
to develop. Among the rails and
utilities, however, there should be
relatively greater strength-that IL.
better support during reactions and
more certainty about dividends,
According to the Federal Reserve
Board statement Of condition Of $50
reporting member banks in leading
cities as OF January 10 shows de-
clinss Of $135, 100000 in loans and
discounts, $4,000 900 in investments,
$149, 700 900 in net demand deposits
and $57,000,000 in borrowings from
the Federal Reserve banks.
Member banks in New York city
reported reductions Of $11S 900 900 in
loans and discounts, $4,000, 900 in
Investments, $124,000,0OO in net de-
nand deposits and $S3, O00,OOO in
borrowings from the Federal Reserve
Bank.