Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-19
BANKING INSTITUTE
POLICY IS PRAISED
Washington Chapters Finan-
cial Rules Win Favor
of Convention.

Success OF the financial policy Of
the Washington Chapter, American In
stitute of Banking. is being broadcast
throughout the United States in the
proceedings of the annual convention
Of the American Institute of Banking,
first copies Of which have Just been re-
oeived here by Aubrey o. Dooley, pres
ident of the Washington chapter.
The local policy was explained 10 the
chapter administration conference of
the annual convention at Pittsburgh,
last June, by Frank NJ. Perley of the
American Security & Trust Co, who
was president of the chapter last wear.
According to the official proceedings,
just out, Mr.. Perley explained to the
conference that the local chapter had
placed IN effect scale of tuition prices
OF s. for the elementary courses. $40
for tFe standard courses and SIS for
the graduate courses.
Results Obtained.
"cdr results" Mr.. Perley explained
have been very pleasing AS far as
enrollments are concerned. for our first
semester we had 500, or 2 more than
the same period last year For our
second semester we had an enrolment
Of 295. or II less than last year. The
total for the year was 664, or only is
less than last year.
The actual decrease in our enroll
ments, therefore. was % per cent. We
felt as number of you feel, that we
should allow for decrease Of from Is
to 20 per cent.
The most gratifying thing however,
was the decrease in our class mortality
For the first semester we had 1877 per
cent; for the second semester 1t dropped
to 1914 per cent. or an average for the
wear Of 1892 per cent. which was over
per cent lower than we have ever
had heretofore.
Now as to membership. We esti-
mated that our total would drop from
BIS. which It was last year, to some
thing like 600. We actually ended the
year with IT'S, or a decrease of only &C.
We believe that that can be partly at
tributed to other conditions than existed
in the banks of the city
The most pleasant thing of all was
the finances. On June l of last year
We had a balance of $8136, and we
subsequently had to secure from our
bankers association a loan of ST 900.
We have repaid this loan, have paid all
the debts Of the chapter, and on June
of this year we had a balance of
81 ,567.37"
Asked to explain further the finances
Of the chapter, Mr.. Perley said: Here
tofore our dues have averaged us about
So 400 year. We only charged tuition
on the graduate courses and from that
we received a little over 50 500 a year.
After getting these figures from other
chapters we prepared a budget this
year. We estimated that We should re-
ceive 3,400 from dues and $500 from
buttons That is an increase of about
$4,000, an additional source of income.
These two make q total of So 300. We
actually received $8,9o4.
Income Estimated.
I'm the budget we also estimated that
our income for the year would be
S18,065 We actually received S18,498. a
little over $500 more than we figured.
On our expenses we estimated S18, 1886. 65.
We actually spent $l7,012.85.
The summary is that we. by means
of the tuition, provided for ourselves a
little over $4,000 additional revenue for
the year for a chapter of nearly 800. -
Mr., Perley was congratulated and ap-
probation Vas expressed to him for his
presentation of the local chapter case
Mr.. pooley, who last year was chair
man of the Publicity Committee for the
national organization A. l. B., reported
at the Chapter Publicity Conference,
over which he presided. Explaining the
work of his committee Mr. Dooley. ac-
cording to the record Just made public.
also told of obtaining a number of
articles by prominent bankers and plac-
ing them in leading national publica-
tons in the country These men in
cluded Rome Stephenson, Gilbert
Stephenson, Craig B. Hardwood, F. N,
Shepherd and others.