Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-11

will be held February 26 and the clos
ing session February 81, all in the Will
lard Hotel. At the first session, the
rnorIling, OF February 26, at which 1.-The
Sound Bank" will be the topic as the
first consideration in banking, the &C
compliShment of such purpose viii
be discussed through the presentation
of a sound Ioahing policy for the coun-
try bank, pitfalls to be avoided in max
ing collateral loans, advantages and
disadvantages of real estate loans and
the liquidity of small loans through
plan of systematic payment to insure
speedy and certain liquidation. Inn
portant guiding principles will be
pointed out, such as diversifcation Of
loans, safety, length of maturity, credit
information on the borrower, desirable
5ty of such loans, security back OF
loans, liquidity to correspond with
character Of deposits, rate of return,
and analysis.of Customers requirements.
Policies Of Operation.
''The Protected Bank" is the topic
for the second session the afternoon Of
February rs, which will be devoted to
discussion of policies Of operation and
cooperation that serve to protect the
position of a bank and its earnings.
The discussions will include procedure
In bond buying: the establishment of
adequate primary and secondary re-
serves to guard the banks iquidfty;
systematic compilation and analysts of
credit information as a line Of defense
In protecting Jean operations; the need
for county and regional clearing house
associations and credit bureaus to bring
about cooperation and united action
of bankers on problems of mutual m
terest and the elimination of duplicate
borrowers and other banking menaces;
the portfolios from the rediscount point
of view as another protection for the
1iquidity Of the banks funds, the place
offarm and agricultural paper in the
portfolio Of the country bank and the
proper handling of this problem; and
protecting the bank by insurance.
Ways to Make Profits.
For the third session, to be held the
evening Of February rs, the general
theme viii be 1.-THE Profitable Bank"
The various avenues Of profit to bank
will be considered. There will be a
presentation of how to analyze the
operations Of bank to make it profit
able, to determine and eliminate nom
essentials and to install q definite plan
Of expense control to bring about max
irnum efficiency; the selling price of
bank credit in relation to quality; pay
Inent of interest on deposits with rela-
ton to the earning power of the banks
invested funds and with respect to a
rate that will leave adequate profits
for lean years; and the analysis OF
individual accounts with basic service
charges for small accounts, supple
mented by per item charges to take
care Of excessive activity costs to stop
the leaks and place all accounts on
profitable basis.
Noted Speakers on Program.
'sThe Practical Bank" win be the
TOPIC for discussion at the final session
the morning of February q. The i'm
portance of proper selection, direction
and development Of personnel to In
crease empfoye efficiency and cut down
turnover by bringing about satisfaction
with work through placement incen-
tives, salaries and other factors viii
be discussed at this session. Other
topics will be accounting methods, with
special reference to budgeting, accruals
and reserves, and creating understand
ing between the bank and its customers
with respect to the banks functions
TO promote customer good win and to
meet outside competition for bank de-
posts.
Stephenson, president Of the American
Bankers Association; Controller OF the
Currency John W.. Pole and other pub
lie officials and representative bankers
Of the Central Atlantic States win adj
dress the conference.
George o. Vass. vice chairman of the
Publicity Committee, and Edward j.
McQuade, chairman Of the Hotel
Committee, expressed great satisfaction
vyy1t1fa Va-
quests for hotel reservations are COM
ing in.
Bankers Honor c. F. NOrment.
At the regular meeting of the Execu-
tive Committee of the American Secu-
rity g. Trust Co. yesterday afternoon
Clarence F. Norment was elected chair
man Of the committee TO fill the vacancy
caused by the death Of B. F. Saul. Mr..
Norment has been a director IN Lne
American Security g. Trust since Mo-
yernber IS. 1897. a member Of the
Executive Committee for many years
and has always taken very active
interest in the banks affairs. He Is
chairman OF the board Of directors Of
the National Bank of Washington and
Is also chairman of the board of the
Norfolk g. Washington Steamboat Co.
PeeIIe to Address Section.
B. L. Cotton, chairman of the fidu-
Charles section Of the District Bankers
Association, and trust officer Of the Dis
trict National Bank, announces that
Attorney Stanton G. Peelle of the law
firm of Peelle, Ogilby & Lesh has been
secured as the guest speaker for the
coming meeting at the University Club
Thursday evening. He viii speak on
wills" being considered an authority
on this subject. Chairman Cotton
states that the meeting Will begin at
8 o'clock and be followed by buffet
supper. Indications point TO an un-
usually large attendance Of the men,
bers Of this section.
Safe Deposit Meeting Announced.
The regular monthly meeting of the
safe deposit section OF the District
Bankers Association will be held at
3 pm, February 10, at the Hamilton
Hotel, Chairman F. H. Cox announced
Tie PENNSYLVANIA state safe Deposit
Association viii be represented by L. A.
Writ. q wei known figure in safe de-
post circles, and the Maryland State
safe Deposit association viii be repre-
eented by Charles o. Kieffner, its presi-
dent. and w. r. DuyaIl and George M.
Belt, officers Of the same association.
Considerable interest is being shown
9n this meeting as the messages Of the
: guests from the out Of town sections
win doubtless be interesting and helpful.
Heard in Financial District.
President John B. Cochran Of the
Franklin National Bank Is passing sew
) eral weeks In Florida.
w. B. Hibbs, senior partner IN w, 3.
E5ibbs e Co, started from here yeSter-
day on an extended trip 70 the Pacific
Coast.
}