Evening star., 1928-03-03
BANKERS To STUDY
SAVINGS PROBLEMS
Large Delegation Will Attend
Regional SesSions-NeW
Insurance School.
BY EDWARD c. STONE.

IL
Many Washington bankers are plar
ming to attend the regional saving
conference to be held at Richmond O
April 5 and 6, with headquarters {
the jefferson Hotel The conference
similar TO the one held here last yea
at the Willard, at which HoWar
Moran, then president of the Distrit
Bankers Association. presided.
1t is estimated that IS per cent c
all classes Of banks, including the com
mercial banks and trust companies. al
now conducting savings department.
This makes the conference at Rich
mond Of special Importance in connec
ton with those being held at four dif
fcrcnt places in the country under tn
auspices of the American Bankers As
SoClation.
/ Among the vital topics which wi
be discussed at the conference will b
methods of stimulating new and en-
larglne old savings accounts. means 70
increasing the pcrmancnce of accounts
development of investment services il
| connection with savings banking. III
| possibilities OF profit IN the bond III
veStment account. the deSirability Of in
| creaSing the list of legal investment
! Tor mutual savings banks and the ranit
| development of savings banks and tn
! rapid development of savings depart
mentS III commercial banks and trllS
| companies.
The conference covers the District @
| Columbia. Alabama. Delaware. Florida
Georgia, Kentucky, Maryland. Missis
slppl. North and South Carolina. Ten
neSsee, Virginia and West Virginia. G
| J. Jones. vice president of the First an,
Merchants National Bank, Richmond
is chairman of the conference commit
tee. George l.. Woodward. president o
the savings bank division Of the A. 3. A
and w. ESpey Albig. deputy manager o
the A. NJ. A, will be among the banker
taxing an active part in the sessions
The list of speakers soon will be an
nounced.
New Insurance School Here.
Washington has new school for tn
special training of insurance agents
There are IS students enrolled. and tn
classes are being held at the Y. NJ. C. A
1886 G street. The faculty consists O
harold D. Kraft, director; Paul Z
Sleeper. associate director. and JOSEPH
A. MARI. secretary
Inc school was organized an,
sponsored by a group of prominent in
surance men. who desired to proviG
special insurance training to new under
writers. Among the sponsors are A. /
Baldwin, E. S. Brashears, H. r. Bryarly
A, D. Carpenter, John F. Cremen. H. /
Choatc, r. P. Freeman, D. F. Harris
Georgia c. Jordan. E. D. Krewson. II
Q. Mclean. j. A. Mari, E. D. Sampson
Horace Winter and w. NJ. c. Worthing
ton.
The school comes under the genera
agents section of the District Lif
Underwriters Association. The presen
session will continue for 10 weeks.
Fifth District Borrowing Lighter.
The statements of the Federal Re
serve banks for the present week sho,
that there was an increase in direc
borrowing in the form of rediscounts a
the IL institutions. such holdings risin
to s492 $4,000 from s46l ,044 900 tn
week previously. At the same tim
! reserve banks added somewhat TO thej
/ holdings OF Government securities, re
versing the process of the week befor,
| Government bonds in the hands Of tn
banks stood at s407 602 900 Februar
20, against 0l,5l2,000 the wee
| previously.
So far as the local fifth district wa
| concerned. there was a moderate declin
in volume Of reserve bank credit in us,
tota! bills and securities standing a
! s54 .27l 900. against $55 .479,0 900 the wee
before. The Richmond Banks rati
stood at 64.97 per cent, approximating
week ago.
Sheppard Bill Passes Senate.
The Sheppard bill amending the Fed
eraI Reserve act was passed by tn
] Senate yesterday and sent u the House
Under 1t the Federal Reserve bank
would be permitted to discount or pur
| chase bills Of exchange payable ct sigh
or on demand which grow out of In
] domestic shipment or expectation O
non -periShable. readily marketabl
agricultural and other staples.
| Such bills OF exchange must be Sc
cured by bills Of lading or other ship
ping documents conveying or securin
/ title 10 such staples, the bill provide:
and such action by any bank must b
upon the Endorsement Of any membe
! bank. which shall be deemed a waive
/ OF demand. notice and protest b. sue
bank Is 70 its own Endorsement ex
| clusiVeiy"
j otFAHFu III r fIndnftAt DIAlflGt.
| William D. Hoover. president OF Ii
I National Savings &; Trust Co, Is pas:
! Ing few days at Southern Pines, ~. (
| The District Bankers Association &C
| VertiSing committee is given special al
! tention 10 the effort 10 bring closer cl
+. operation between the banks and IL
surance men in the better aateguardin
! Of estates
| Members Of Washington Chapter,
! J. Is. are soon 10 entertain member
! from the Richmond Chapter and Or
In New jersey who are 10 hold debal
IN this city. II Is the first debate
| the Kind ~ be held here.
The First National Co Of Baitimor
which has ii local office in ihc Bar
Building In charge ~ Charles w. prat
has just extended rs offices
I Frs mortgage real estate sccuriiii
offered investors during Fcbrllai
/ amounted 10 $61 JGl $50. according t
statistics gathered by the America
Bond &, Mortgage Co
Stephen l. Miller. executive manage
n the National Association III Cred
Men ig in the city 10 attend tpnigh,
banquet at the willard ht which l.. :
Lister, head of the local association, wi
l preside, and Harry v. Haynes act s
t1astmahtrr Paul Phillips, manager I
the eastern division. also Is here. II
banquet starts at O'Clock.
Q