Evening star., 1931-12-20
Resources of S34O, 100000
Are Revealed in Annual
Report to Congress.
INSTITUTIONS REPORT
325,O52 DEPOSITORS
Institute Chapter Has Advisory
Committee-Saturday Trading
Confined to Bonds.
BY EDWARD c. STONE.

Controller of the Currency John W.
Pole, in his annual report just SUBJ
mitted to Congress, shows that Wash
ington's 80 banks are In an excep-
tionally sound condition. His figures
reveal the fact that the IL national
banks have aggregate capital of SILL
175,0o0, demand and time deposits
amounting to $137 $4,000 and total
resources of $188, 100000.
The five local trust companies have
$9,4OO,O00 in capital, total demand and
time deposits of $74,31l 900 and total
resources of $1o2,171 900, while the %
savings banks possess aggregate capi
tai of S2753 900. demand and time de-
posts of s42,894,000 and resources total
ing S49.2l9,0o0, or total resources of
all banks, S340 10000.
The report further shows that the
trust companies and savings banks in
Washington on June 30, 1881, had
total surplus Of $11 SIT 900, compared
with S11854,OOO on the corresponding
date in June 1880. For the year ended
June 80. 1881, these two classes of
banks had paid out $1,393,OOO in
dividends.
Controller Poles statement gives
Washington as having an approximate
population of 491 900, demand and
time deposits in local banks amounting
to s254.825,0 900, per capita demand and
time deposits of S51899, total savings
deposits of s1lo003,000 and per capita
savings deposits of $22404 The in
tensely interesting fact is also brought
out that there are 325,052 depositors
listed on the books of the banks in the
Capital.
The total gross earnings for Wash
tngtcns u national banks for the year
ended June 80, 1891, reached the sum
Of s8,234,0O0 Details in the controllers
rennre also indicate that the banks
here ~Shave oeen exceptionally liquid
during she year under review and it
IS known that these favorable condi-
tions have not changed since the re-
pert went to press. - ......
Waller Heads Bank Advisors.
Aubrey o. Dooley. president of Wash
tngton Chapter, American Institute of
Banking, has appointed the following
advisory committee:
Wilmer J. Waller, vice president,
Federal-American National Bank &
Trust Co.. chairman; Francis G. Addi-
son, jr., president, Security Savings &
Commercial; Victor B. Deyber, presi-
dent, Second National; Joshua Evans,
president, District National; Robert v.
Fleming, president, Riggs National;
Lanier P. McLachlen. president, Nc
Lachlen Banking Corporation; Howard
Moran, vice president American Sc
Curity & Trust Co.; Frank M Perley,
American Security & Trust Co., presi-
dent of the chapter last year; c. H.
Pope. vice president, Munsey Trust Co..
and W. w Spaid, member of the firm
OF w. B. Hibbs & Co.
Mr. Waller, the chairman, is past
president of the District of Columbia
Bankers Association and was president
of Washington Chapter, 1922. He
was for many years an active worker in
Washington Chapter and attended ma
tional conventions as an official dele
gate In Boston, 1920; Minneapolis,
1921 Cleveland, 1923, and Kansas City,
1925.
Brought Chapter New Ideas.
According to the records. it was dur
ing his term as president of the chapter
that woman employees of Washington
banks were first admitted to active
membership in the chapter.
It was also during his administration,
on October II, 1921, that the District
of Columbia Bankers Association
adopted a resolution sponsoring the
essay contest which provided that prizes
would be given the winners of the three
best papers on selected subjects, which
activity has continued from year to
year.
Due to the constant growth Of the
educational work of the chapter. Mr..
walters administration recognized the
need of increased class room facilities,
which were provided Although he has
since dropped out of active participation
in chapter work, he has always main
tained a deep interest in its activities,
and it was during his term as presi-
dent of the District of Columbia
Bankers Association, 192829. that this
body at its annual convention formally
gave its approval to the inauguration
of a tuition fee in all courses conducted
by Washington chapter.
Dividend and Bonus Voted.
Directors of the Columbia National
Bank have declared the usual quarterly
dividend of SO per share, payable on
January to stockholders of record on
December 81. At the same meeting the
directors voted to pay bonus to every
employe of the bank of an amount
equal to per cent of his annual salary.
This is the seccnd bonus to be voted
ing the past few days, the other being
granted by the Woodridge-Langdo
Savings &, Commercial Bank, this in
stitution voting a half months pay to
each member Of the staff.
For years it has been customary for
many local banks 10 vote bonuses
around the Christmas sess'>l. 1t is
evidend that the banks already voting
this gratuity have had an excellent
years business No doubt many other
banks are in the same class and will
vote bonuses at the directors next reg
ular meetings.
New Bank President Honored.
Harry G. Meem, new president of the
Washington Loan & Trust Co., has
been advised by the board Of incorpor-
ators of the American Red Cross that
he has been elected a member of the
board of trustees to serve in the place
of the late John B. Larner, for so many
years head of the bank. Friends of
Mr. Meem consider his election as Irus-
tee as a distinct honor.
Bonds Monopolize Attention.
Bonds drew all the attention on the
Washington Stock Exchange during the
Saturday trading session. The sales:
Washington Gas IS "A''-S1 900 at
1905, $1,000 at 100, 81 900 at 100, 81 900
at 100, $1,000 at 100, $4,000 at 100,
$1,000 at 100, $1,000 at 100.
washington Gas IS "B'-$5oo at
1o3A.
washington Gas IS "A"-s1oo at 100,
conn t00