Evening star., 1933-11-15

erS ASSOCIATION maintains Offices anu
meeting rooms in conjunction with the
institute.
The House Committee has general
supervision over the chapters head
quarters. The Chairman, Mr. Rohey.
studied accountancy and law in local
schools and received the graduate GER
tificate of the American Institute OF
Banking in 1924. He has been active
in chapter work for years. and is
member of the Audit Committee for the
current year. The other members OF
the committee are Stuart S. OgilWe, as
sistant cashier, Second National Bank,
and Herbert Lawson, Washington Loan
& Trust Co.
Bank Section Chairmen Named.
T. Stanley Holland, chairman of the
fduciaries section of the District Bank
ers Association, today completed his
committee appointments for the COM
ing year, naming the following chair
men:
Standardization, Kenneth F. Brooks,
Riggs National Bank; Taxation, VIII
liam Rea, American Security & Trust
Co.; Trust Law and Legislation, Sid
ney F. Taliaferro. Riggs National, and
Life Insurance Trusts, Bruce Baird,
National Savings g. Trust Co.
The section will hold an important
meeting Friday afternoon, in the board
room of the American Security &
Trust Co.
Young Wingo Joins Riggs Staff.
Otis r. Wingo, jr., son of the late
Representative Wingo, who was one OF
the authors Of the Federal Reserve act
and was ranking member of the House
Banking and Currently Committee at
the time of his death in $780, has joined
the staff OF the Riggs National Bank.
A graduate of Princeton, he had charge
of the Democratic National Campaign
Committees college activities during the
Roosevelt campaign last year. 1t is like
gong back home, as Mr.. Wingo was as
sociated with Riggs in 1929 and 1880.
Bankers in Washington are interested
aa the report from New York that
Gayer G. Dominick of Dominick &
Don1inick has resigned from the board
of National City Bank. in accordance
with the provisions of the new banking
act of 1888, which specifies that no
member of a firm engaged in the mar
keting of securities may hold member
ship on the board of national bank.
Mr.. Dominick, who heads the Stock
Exchange firm of Dominick g. Domi-
nick became a member of the board
when the Bank of America was acquired
late in 1881, and had previously served
as a director of the latter since 1925.
YuIetide Savings Average S43.75.
From Herbert F. Rawll, founder and
president OF the Christmas Savings Club
Corporation, comes the report that the
average amount saved by each member
for the whole United States totals $4375-
This is slightly lower than last years
estimate
Some $3.50. .0OO, 900 will be distributed
to about 5000, 900 members this year by
5000 banking institutions. President
Rawll says. A few banks report larger
totals than last year, but the general
. average in memberships and amounts
paid Is off 20 per cent.
In the distribution Of the Christmas
Savings Clubs for this year, New York
leads the other States with S83 000,0 600.
while Pennsylvania comes next with
over $4o,ooo.oo The Bank of Ameri-
can National Trust & Savings Associa-
ton in California will distribute 81 ,000,-
600 through 300 branches.
Heard in Financial District.
Trading on the Washington Stock
Exchange today made a record, a record
for quiet business. When the days bids
had been completed and the asked
prices announced, it was noted on the
board that just one sale had taken
place. Ten shares of Lanston Mono
type were sold at the recent price of Al
Washington Railway g. Electric COM
mon and preferred stocks are now De-
ing quoted ex-dividend on the exchange
following the recent quarterly divi-
dent declaration on these two issues
Ianston Monotype IS also ex-dividend
due to the coming quarterly payment O
Is cents per share.
Red cross representatives are now 10.
Gated In the lobbies of practically al
the banks Of the city in conuectior
witIAthe annual drive re-si patron
rnu to b. 49, sS il
Ascigs nub,.1s ..