Evening star., 1933-10-22
STANDARDIZATION
SPEED-UP IS seen
Deposit Body, Under Fleming,
May Rush Commercial
National Dividend.
speedier liquidation of the CONNER

Speedier liquidation of the CONNER
cial National Bank. and perhaps some
other closed banks in this city, appears
certain as a result of possibilities held
forth by the new Deposit Liquidation
Board.
This was learned last night. as plans
moved swiftly forward to set up not
only the complete organization Of the
Fifth Federal Reserve District Com
mittee Of the board, but also the Dis
trict of Columbia Committee, which will
deal directly with the situation here.
Preliminary Steps Taken.
Many problems remain to be worked
out here, because the 18 closed banks in
the District of Columbia fall into three
distinct classes But with the nucleus
of the local organization already es-
tablished, it was learned that prehmi-
nary action had been started toward
mittees are completed. they will ap-
praise assets of the banks, to recon-
mend loans from the Reconstruction
Finance Corporation.
The Commercial National Bank ap-
pears to be the only one falling Spe-
ciflcally within that class which is
to be aided first by the Deposit Liza
bility Boards policies, but there were
indications certain other banks here
also would be studied with q view to
seeing what could be done. The new
liability board Is division Of the
r. F. c.
Robert v. Fleming. president of Riggs
National Bank, who Is chairman Of
the Fifth Federal Reserve District Com
mittee Of the board. confined himself
official announcement Yesterday
of his six State committee chairmen, and
broad general outline Of the princi-
Piles under which he expects to operate.
Further official pronouncement of pol
icy is expected soon from the liability
board itself
Meeting Called Tuesday.
Organization of committees will be
undertaken Tuesday morning at a spe-
cial meeting at Riggs Bank, called by
Mr.. Fleming At that time, the Fed
eral Reserve District committee first
will organize, and then attention will
be centered on setting up the personnel
Of the State committees.
Hilleary C. Hoskinson, vice presi-
dent of Riggs National Bank, was
named yesterday by Mr.. Fleming as
chairman for the District of Columbia.
The personnel of Mr. Hoskinson's COM
mittee is expected to be ready for an
nouncement after the meeting Tuesday.
In a brief formal statement, Mr..
Fleming said he and his committee
will bend every effort to further the
Presidents program for making avail
able deposits in the closed banks in
the fifth district with the greatest
possible speed
While Mr.. Fleming is in charge OF
the fifth district area, and has ap-
pointed Mr.. Hoskinson as State chair
man for this city, it is known that Mr..
Fleming already has taken a keen per-
sonal interest in what may be done
here in washington. He declined to
20 into detail In discussing possibilities
relating to each of the closed banks, but
did explain the new organization was
to confine its activities at first to banks
which have been put in the hands of
receivers since January l, 1888. This
does not include those banks in the
hands of conservators, or in the process
of organization, or banks placed in the
hands of receivers prior to the first of
| this year.
Operations May Broaden.
From national sources. however, there
have been indications there might be
q possibility of extending the operations
Of the Deposit Liability Board later
| to other groups of banks. What these
possibilities may work out to be remain
| IN he determined