The Carbon County news., 1929-02-07


xAder which banking II conducted in
various parts OF the country since
they come from both state and fed.
sral authorities. The national banks
ass ali chartered by the federal gov.
srnmeat and therefore operate on the
sAne iiaos In every state Of the
E4ion. but there ID no such rsxu.
larity Ia respect to the conditions
Hlder which the state banks chartered
BY the respective forty-eisht states
must conduct their business. All state
4aHking codes. while they have SINH
iarities. also have many great dissimi-
saritios in respect both to the ma.
tional bank laws and the banking laws
covering state bank operations In 9TH
or jurisdtetipns.
Bankers Move for Uniform Laws
The State Bank Division of the
American Bankers Association, which
latter includes In its membership
banks of all descriptions throughout
the country subject to all the varia.
tions of state and federal banking
laws. Is committed to the effort to
bring about greater consistency and
uniformity among the statutes of all
these various jurisdictions. This body
is conducting vigorous nationwide
campaign urging that active steps be
taken to secure greater coordination
IN banking legislation. more equitable
conditions and more uniformly eff.
cient public supervision OF banks In
the several states.
The organization is particularly con.
csrned with fostering this movement
to bring about more uniformly desiI.
able conditions throughout the United
States In respect to the public super
vision OF banking institutions by the
state banking departments. 1t is on
record as favoring the policy that the
important Office OF state bank commits
sioaer should be kept as free from
entanglins partisan politics as the ju-
dietary itself and should be complete.
~ detached from all other functions
Of state government.
1t Is also on record Al favorinx the
policy that the tenure Of ONCE OF state
bank commissioners should be made
more secure and lasting than II now
tAe case in many state jurisdictions
sad that this important public otncsr
~ granted sufficient compensation
ana discretionary power 20 that the
s11ce shall attrac. and retain the~1erv-
sses OF mon OF outstanding executive
ability and successful banking exps.
riencs.
It Is Also 4 part of this policy that
the bank commissioners ability to
serve weii should be strengthened by
providing him with adequate forces OF
bank examiners. selected on the basis
OF merit from men having the reQuf
site qualifications OF honesty. ability,
training and banking knowledge to
carry out the duties of thnlr ofIlces on
the highest plane OF usefulness to the
public as we'll as to banking.
sr' Tho Trend OF State Laws
The Associations State Bank Divi.
sion has recently concluded nation.
wide survey OF state banking legisla.
ton and conditions and In general has
discovered a definite trend along the
following lines:
There is a distinct tendency among
the states to raise the minimum capi.
tai required for banking institutions
to $4,000 and also to give the bank
commissioners or the banking boards
sole power as to the granting OF char.
ters for new banks, thus enabling
them to use discretion as to the need
OF desirability Of added banking facili-
ties or the fitness OF the organizers td
enter the banking field. In this con.
nection many states are creating
banking boards to act In an advisory
capacity with the state bank commits
sionefs.
There has also been observed a
tendency to increase the compensa.
tion OF the bank commissioners and to
isnsthen their terms OF Office and to
9iye tham power to appoint necessary
deputies and examiners 20 as to build
- An adequate force to carry out their
responsibilities and duties. An impor-