The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-05-27
B A NIX CREDITS
TAKE JUMP
By RICHARD HATTON

IGlO1lAk0O IlAI1UN
The volume of credit of weekly
reporting member banks, as mea,
sured by their total loans and in.
vestments, increased by more than
$780, 00,0 900 during the month end.
ing May IS. according to a sum.
mary of general business and finan.
cial conditions throughout the sew
eral Federal reserve districts, based
upon statistics for the months of
April and May and contained in
the Forthcoming Issue Of the Fed.
eral Reserve Bulletin, according to
information made available today.
This is the highest level on rec.
ord. The growth, for the most part,
represents an increase in the banks
holdings of investments and in the
volume of their loans on stocks
and bonds, while commercial loans
showed relatively little change.
Upon the subject Of prices in
April and May, the bulletin says:
In April there was a further
slight recession in the general level
OF wholesale prices, as measured
by the index Of the Bureau of
Labor Statistics, but in the first
three weeks of May, price conditions
were firmer. The decline in April
reflected chiefly decrease in the
price of petroleum, lumber and
several Of the nonferrous metals.
There was little change in the
level OF agricultural prices which
nave been fairly constant since
the beginning of the year. During
the first three weeks of May prices
petroleum, lumber and hides ad.
vanced, while those of livestock,
coke and nonferrous metal de.
clined."
There is, possibly, a more in.
innate spirit of fellowship among
the employees of washington banks
than can be found in any other
large city. This spirit manifests
itself in many ways outside of
the regular duties of the person.
nels of the several financial in.
stitutions. -.
There is a basketball league, a
bowling league, a duckpin league,
all OF which promote healthy ath
letic rivalry. Now comes the Bank.
ers Tennis League to claim its
place as a major sport in financial
circles.
Officers Of the tennis league are:
w. w. Kicks, Commercial National
Bank, president; Wayne Trackler.
McLachlen Banking Corporation
vice president; Herbert r. Chaser.
Commercial National Bank, secre.
tary; and Harold Morrison, Frank
lin National Bank, treasurer. The
fnIInWiOor to1
entered teams in the league:
American Security & Trust Co.,
Commercial National Bank two
teams9, Washington Loan & Trust
Co, Second National Bank, Dis
trict National Bank, Franklin Ma.
tional Bank, National Savings &
Trust Co., Riggs National Bank,
Perpetual Building Association, Co
lumbia National Bank, Federal.
American National Bank, McLach-
len. Banking Corporation and Mer-
chants Bank & Trust Co.
Teams in the league are divided
into two sections which will carry
, on a series of tournament games
during the summer season, the
winner in Section A to play the
winner in Section B for the cham.
pionship Of the league in a post
season series.
Owing to the fact that no games
can be played until after banking
hours the league has found some
difficulty in securing courts. This
handicap, it is thought, has now
been overcome and it is expected
that the series of contests will be
run off as scheduled from now un-
til the end Of the season.
]. e. Troth, cashier Of the Chevy
Chase Bank, has returned from a.
weeks vacation spent at Atlantic
City.
According to Chairman John NJ.
Riordan, Of the transportation com.
mittee, which is arranging for the
trip to Hot Springs for the annual
convention of the District Of Colum.
bia Bankers Association, there are
few prime reservations left and the
committee is especially anxious to
have those who are going to the
convention signify their intention as
soon as possible.
The transportation and. hotel com.
mittees have a tremendous amount
Of detail to attend to in connection
with their work and a great deal of
confusion may be avoided by making
reservations early. With the con.
vention only short time away it
is believed that it is possible at the
present time for practically everyone
who anticipates being at Hot
Springs to signify that intention and
apply for reservations and trans
portation.
Two hundred and fifty thousand
people or more secured protection
against the loss of their earning
power by purchasing more than
$77S,O00,0OO of ordinary life insur.
ance in April, according to figures
just issued by the Life Insurance
Sales Research Bureau. This is
larger than any previous April ON
record.
TREASURY STATEMENT
The daily statement of the United
States Treasury shows
Income to date this year, $780,.
b14,2o2.05.
Il Income to date last year. $685.
Increase, SIC, 6S3,914.96.
Income over outgo this year, $780,.
775,777.96.
Income over outgo last war So1