Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-15
NATIONAL BANKING.
RESOURCES SHRINK
Drop Shown Between Spring
] and Midsummer Calls
J of Controller.
BY the Associated Press.

ment said that on June ~ the
resources amounted to LAC, 228, 900.
a decrease of $l,5S0,684,OOO since
March 81.
The controllers statement did not
explain the reasons for the decrease,
but attention was called to a decrease
in the number of national banks in the
continental United States, Alaska and
Hawaii from 1875 on March 81 to 1886
on June 20.
This reduction in the total number
of national banks, he said included
approximately a dozen Withdrawals OF
exceedingly large institutions from the
national banking system.
Trust Business Gains.
At the same time. however, the con-
troller said, an important gain had oeen
made in the trust activities OF the ma
tional banks On June 20, the GATE
of the last call, 2442 national banks
held permits to exercise trust powers
and of this number 1,734 were actively
engaged in fiduciary business and were
administering 1898 trusts.
The individual trust assets OF thsse
banks aggregated S4.237 ,6a8'ooS. Inc
increase in individual trust assets, mere
fore. was S940.338,000. or 2S'oZ per cen''
since March 81, 1929
Recently the controller has SAID tnat
the rightly Of the national banking
statutes was causing serious de1ecuon
from the national banking system AND
a consequent strengthening OF State
banks throughout the country.
Deposit Liabilities.
Total deposit liabilities of the report
ing banks on June 20 were $21 ,59S00S,-
600. or decrease Of l,274, 792OOO since
the March call. The reduction between
the call of June, 1928. and June, 1872
however was only 81 04l ,249OOO, whlch
showed that the decrease between the
Snrinq and Summer calls this year had
wiped out more than the gain made by
the banks in the preceding nine months.
Loans and discounts ran practlcally
on a par between the two calls thlS
year. The figures made public showed
loans and discounts. including redls-
counts, on June 20 OF si4'ouI >! oVeOo'
This was decrease of only about Sou
100000 since March 81. 1t is also de-
crease from the corresponding ngures
in the June report OF 1923, put tnlS
decrease likewise was small.
The percentage of loans and discounts
to total deposits was 1888 on June ~.
in comparison with 64.92 on March ~
and $3.50 on June 80, 1928.
A. /. B. Meeting.
The WASHINGTON Chapter American
Institute of Banking will hold its open
meeting to inaugurate the years activl-
ties September 10 at the Willard Hotel,
IL was decided by the board of gov
errors and officers last night at meet
ing at headquarters of the chapter. A.
E Henze, president presided.
Plans for the golf tournament Sched-
uled for August 20 to % were also
made. and it was decided to hold an
inspirational dinner meeting OF officers
and members of the board of consuls
September 6. when the speaker will be
Dr. Harold Stonier of New York, ma
tional educational director OF the in
stitute.
The membership committee. headed
by Robert H. Lacey. chairman. OF CO.
lumbia National Bank, laid plans for
q membership drive to open soon.
Harry c. Mems, vice president OF
the Washington Loan & Trust Co, left
today for a vacation of several weeks
at Atlantic City.
Trading on Exchange.
Trading was moderate on the Wash
in9ton Stock Exchange today. with
Washington Gas and Capital Traction
leading the bond activity, with prices
steady
preferred was active, 563 shares turning
over at 72s.
Mergenthaler sold at 1O4 and Ma
tional Mortgage & Investment pre-
ferred at "A.
Al. b. Publicity Committee.
Appointment of members of the pub
licity committee of the Washington
Chapter, American Institute OF Bank
ing. was announced today by Aubrey o.
Dooley of the Federal-American Ma
tional Bank, chairman of the commit
tee The membership is headed by
Eliot H. Thomson of the Washington
Loan & Trust Co., advisory member,
and includes Robert H. Lacey, Column
bia National Bank; Raymond D. Lewis.
American Security 81 Trust Co, and
Robert G.. Written, First National
Bank, Alexandria, Va.
Miss Mildred c. Woodcock Of the
American Security &, Trust Co., chair
man of the women'S committee OF the
Washington Chapter, American Insti-
tute of Banking has announced men,
bership of her committee as follows:
Miss Mary Craven District National
Bank, secretary; Miss Lois A. White,
Federal American National Bank; Miss
Mabel v. Royce, Washington Loan g.
Trust Co.. Miss Catherine M. Krieg.
Riggs National Bank; Miss Winifred
Burwell, National Metropolitan Bank.
Miss Eleanor Dankmeyer, Security
Savings & Commercial Bank; Miss
Ellen Crawford, American Security &
Trust Co.; Miss Anne Crawford, Nc
Lachlen Banking Corporation; Miss
Helen Goodin, National Savings &
Trust Co.: Mrs. Eunice Dampier, De-
partmental Bank: Miss Alice Wilton,
First National Bank of Alexandria;
Mrs. Marjorie Tucker, Continental Trust
Co.; Miss Hattie Potter, Second National
Bank: Mrs. Edna LunSford, American
Security & Trust Co.
Credit Men Committees.
~, .rkAv A.
ISOLATION of Credit Men were announced
by Lister r. Watts, president of the as
ISOLATION, at the regular meeting yes
terday at the Raleigh Hotel, as follows:
Welfare committee-R. Jesse CLANCY,
chairman: E. H. Ruark, vice chairman;
Herman J. Waltz John N. Auth, Frank
A. Duffy. H. T. Bisselle, C. Vincent
Griffith, Paul j. Eichhorn. w. H. Ont
rich, I. s. Turnover and Harry Taylor.
Trade group committee--A. c. WALL
ing. chairman: r. M. Harper. vice chair
man; M. E. Estes. L. S. Scott, Emory
Galliher. r. w. Simons, J.. Frank Kelly
and H. S. Lane.
Membership committee-Raymond D.
Lewis, chairman: Harry S. Meyer, vice
chairman; w. H. Hornig, Miss F. z.
Thompson Earl G. Rickmeier, F. r.
Madigan, Harry Adams. R. H. Simpson
F. S. Harris, j. F. Schlotterbeck, @. H.
Markward and E. L. Mcintosh.
Fraud and bankruptcy committee
Joshua Evans, jr., chairman; Charles
w. Clayton. vice chairman: S. P.
Thompson, H. f. Stringer, F. w. White,
H. r. Oliver. Hymen Goldman. Maurice
H. Mazo, r. E. L. Hall and John
Brewer.
Educational committee-W. Frank
Simpson, chairman; H. H. Mccall, vice
chairman; M. NJ Watson, Thomas A.
Flynn and Louis M. Hewlett.