The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-03-04
BANKS WORKING
ON FORMS
BY RICHARD HATTON


banking forms is one which has been
given especial attention by the Dis.
trict Of Columbia Bankers Associa-
ton, which has had q strong COM
mittee under the chairmanShip Of
Vice President Edward ]. McQuade.
Of the Liberty National Bank al
work upon the intricate subject for
some time with appreciable results.
In connection with the present
movement looking toward the sim
plification and Standardization of all
banking forms. 1t Is OF interest to
Washington banking circles sener-
ally to note q discussion of the sub.
1ect appearing in Trust Companies
Tor February, which states:
standardization in the use Of
checks, drafts. vouchers and forms
used in bank and trust company
operations, which are susceptible to
uniformity. is gaining rapid head
way.
'fsince Herbert Hoover became
voted himself zealously to the work
Of Standardization in the Industrial
equipments as well as production.
The idea has communicated itself
10 banks and trust companies In re-
gard to all types Of negotiable in
gtrument and likewise in the use Of
documentary forms. A number OF
State bankers associations have had
standing committees at work for
several years to devise uniformity in
the printing and essential entries Of
bank forms.
In several States, likewise, nota-
bly, in California, standardized trust
forms have been worked out by COM
mittees of trust officers. and have
proven both practical and economical
In expense and time.
Great Progress Made
Remarkable progress has been
made within the past year in stand
ardizing the size and printing of
checks. One year ago nationwide
campaign to this end was launched
by the Secretary of Commerce with
the active cooperation Of the Ameri.
can Bankers Association, lithogra-
Pliers and various business associa-
tons.
1T is estimated that there has
been q saving OF $25, 900 In the
nations bill for bank checks, drafts
and vouchers since such standardiza-
ton was urged. More than a hun.
dred clearing houses in all parts of
the country have given official In
dorsemert to the standardized forms.
The Federal Reserve Board has
given official approval. and within
the past few weeks the Federal re-
serve banks have distributed to
member banks and trust companies
the definite recommendations pre-.
pared in pamphlet form by the Blu
reau of Standards of the Department
OF Commerce, known as 'Simplified
Practice Recommendation No. 50.'
Banks and trust companies gener-
ally are giving hearty encourage
ment because OF the saving In ex-
pense Of printing and the greater
ease Of handling checks with uni.
form arrangement OF entries
According to Chairman McQuade, |
of the local bankers association COM
mittee working along the line OF
Standardization Of forms in the Dis.
trcit of Columbia the committee has
given the matter extensive and In.
tensive study and will submit a COM
plete report Of its work and recon-.
mendation to the annual convention
OF the D. C. Bankers Association at
Hot Springs in June.
In view OF the very general discus.
sion Of the matter of standardiza.
ton, the report Of the McQuade
COMMITTEES Is being awaited with ex-
ceptional interest.
A. dinner meeting of the newly
organized Washington Women's
Bank Club VIII be held at the Iron
Gate Inn at s p. m. on March %, at
which farther plans OF the OrganiZa-
tion will be discussed.
1t IL expected that the constitution
OF the organization, which Is now
being drafted, WIN be submitted for
approval of the membership at that
time. About % mmebers will be
present at the dinner, and 1t Is an
ticipated that an election Of officers
and permanent committees will take
place.
In organizing the Woman's Bank
Club the initiators Of the project be-
lieve they are filling q need which
has long existed in local banking
circles and the reaction Of bank
women generally to the new PROPOSE
ton! lends encouragement to the be-
lief that there is a wide field of use
2ulness and a large measure Of sue
cess ahead.
tits expected that there will be a
very general desire to affiliate with
women bank employees as soon as
final organization details are COM
pleted.
President Joseph Schiavone, Of the
international Exchange Bank, who
has been III at his home for several
days, is again back at his desk. Mr..
Schiavone is an indefatigable worker
with, large executive responsibility,
and even a few days away from his
office CRATES upon his energetic
spirit.
The annual ''get-together" dinner
Of the District OF Columbia Bankers
Association viii be held at the Co
lumbia Country Club on Monday
evening, April IS, at Z o'clock.
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