The Carbon County news., 1930-02-20
FINDS STATE BANKS /
WELL SUPERVISED
Bankers Body Sees Less Politics.
IN Banking Departments wjn
Better Facilities in the Hand,
of the Responsible Officials.

D. OF the Responsible Officials.
nd survey OF state BANKING aon
D., nehts oy the State Bank Dlyisio,
american Bankers Association A.
closes distinct tendency the nast a..
r years to take bank supervision ont :.
politics. to increase the diaeratias.
powers of bank Commissioners :.
Y 'snstnen their terms Of office to .,a
ply them with adequate faroa.
quashed examiners and tn rai,.
n banking departments of duties fore,as
70 oah6ihg' says recent statemaa,
issued by the association
/ We have consistently nrgoa -.
the office of bank coumias;on
lres from partisan politics az tha T.,
a'''ary Nseif and that It be dtyoreax
from all other functions Of sfata -
ernment." the statement savs aE..
ther. that his term of office ba mad.
aoie secure and lasting. with sum.
oishe salary and power granted "a ..
stact and retain the services of n.u
Oh outstanding executive ability cons
age. fesourcefulness and sueces.,n,
banking experience.
rive years ago the arst sprvou =
s.a'e banking departments by the dIyt.
sion demonstrated the need for I'm
piossments. On the basis Of DAT.
now In hand 1t is evident that, tbronu.
she revision Of statutes In many st..s
RAPID steps are being taken IN ths
tisns direction. One by one tha statA.
are coming to recognize tha nrin..s
Importance of strong. comnetan, h..L
.as departments The demand for In
sssAs'hs cue effectiveness OF BANKING
departments is beginning Go 40 m.,s
no" Gar. Commissioners Are cho.aa
ihe ONCE OF bank commissioner 4.
low operated az an independent d..
'artment OF state governmant IN ,ht.
: Aouf states, The bankers ind. In
Wo statss tho bang commissions. .
isctsd af general elections. In ona h.
appointed from eligible ltstx of tbs
WI service and In another ha is &C.
'cted oy the banks In ona STATE n.
ahkers association elects a Hat os
70 names from which the goyernor
'points one as superintendent Of
.hksi IN another he Is appointed bv
State Corporation Commission and
another by the State Banking
ard
ferms Of office Of bank eommia.
nefs nave been heightened in sew.
4 STATES during the last five years"
report says. IN 28 states tba
IN 10 Tour years, in one, five years
IN three it Is six years and In
ne the term Is indefinite. A short
IA Is condemned on the grounds
! tne commissioner has Insufficient
Q 10 become thoroughly conyersant
a MS field work. longer tar,r
nits his rendering useful service
'ssh capltalizing his experience.
. years ago the average length of
slce was less than three years.
ie now It has risen to five years.
Higher Standards Required
,isns Oh an awakening to the ns-
~ N making successful banking
tience qualification for bank
niasioher are evident While eley-
taees report no banking expert.
necessary. the majority reouira
rlence OF this sort raneing fron,
20 nye years Twelve states now
banking boards. with powers
ng from acting In an advisory
''ty 20 fun power over all stats
70 issue and reject charters
healthy sign is the number or
Is which disclose that the com.
oners have full power to appoint
examiners or that these appoint.
are made from civil servioa
rms power is now granted to
by twenty.seyen
tnIee require that selection
"a "a civil service lists Complaints
~ made III a few states OF No.
pressure in the appointment Of
iess' out the contrary seems to
IN growing number of states
LOST capable commissioner can.
iccessiully perform his duties
ne IS able to command tbe
, OF eniclent. honest examiners.
iety Of depositors is dependent
work, and their appointment,
and compensation are highly
INT The number OF examiners
'eaSed 20 per cent In the last
,rs'