The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1928-08-20
BANK INSTITUTE
HERE BEING
PLANNED
BY RICHARD HATTON

AS the summer vacation period
draws to a close interest in local
banking circles turns to the COM
ing scholastic term of Washington
Chapter, American Institute OF
Banking. With the splendid record
OF last year before them, officers
of the chapter are determined TO
uphold the record which has placed
the local organization in the fore
front of the growing units of the
institute.
President James A. Soper, OF the
local chapter, will preside at the
first gathering of institute members
this fall, which will be a dinner
given to the board of consuls on
September II. This will be followed
on September Is by dinner ten
dered the faculty of the chapter BY
the educational committee and the
annual open meeting of the chapter
will follow on September -. Al
this meeting graduate certificates
ana elementary certificates won IN
last wears courses will be presented.
/ The meeting will be held at the
New Willard Hotel and will open
at b. M. President Soper will
preside.
Committee Is Busy
Details for the seasons educa-
tional program are being completed
by the committee, of which A. p.
Henze is chairman. and the board
OF governors is working upon the
matter OF faculty appointments.
The advisory council will be an
nounced by President Soper in the
near future and other details of
the winter program will be rounded
into shape as rapidly as possible.
The membership of the local
chapter last year was about 20
and members of the organization
are anxious to raise this to l,OOg
for the present year. Chief Consul
Richard al. Norris heads a COM
mittee which is now working OUT
plans for bringing the membership
70 the 1000 goal.
washington Chapter, A. i. ~, IS
one OF the most progressive and
thriving of the institute units and
Il splendidly supported by the
banking institutions of the city.
The early start of activities this
wear again insures successful
scholastic season.
Program In Bulletin
The current bulletin of the In
yestment Bankers Association of
America contains the program for
the seventeenth annual convention
Of the organization which will be
held at Atlantic City October IA to
10 According to announcement By
fhe convention committee head
quarters for the convention will be
located at the Ambassador Hotel
and all business sessions Will he
held there.
reservations for rooms during
fha convention must De MADE
through the secretary's office at 80
south Clark ST., Chicago. The hotel
viii! accept no reservations. Resef-
yations will be made only In the
names Of accredited delegates or
accredited representatives.
Drury Due to Return
President Peter A. Drury, OF the
Merchants Bank and Trust Com
pany. who has been spending
few DAYS at his beautiful country
estate near Bluemont, is expected
back tomorrow.
Maintaining the unbroken growth
In volume of business and earnings
that has marked its progress dur
Ing the last eight years, during
which il has been under its pres nj
management, the Associated Gas
and Electric system reports TO-DAY
record gross and net earnings and
output for 1927. The annual reno
also advises stockholders Of the
rounding out OF the properties in
territories adjacent to those serN21
by the systems principal groups ann
OF the simplification of the corporate
structure.
Trust Departments
According to Trust Companies
magazine how actively the nationa.
banks are awaiting themselves OF
The privilege to transact trust bLsi-
ness is indicated in the recently pub
lisned annual report of the Federal
Reserve board. At the close of last
year there were 2,264 national banks,
or 29 per cent of the total. clothed
which number 1882 were conducting
with authority to administer trusts.
active trust departments, administer
iEg 39174 individual trusts with
assets OF $2,079, S5S,237. Corporate
trusts were handled by 544 banks
with total of 6.409 corporate appoint
ments and acting az trustee under
corporate indentures aegregating
$6,354.713i735. These figures repre-
sent annual increase of rs per cent
in number OF banks engaging IN
trust work, an increase last year OF
Is per cent in individual trusts and
trcrease Of 1873 per cent in corpor-
IN