Evening star., 1934-08-18

economic sense, during the past year
have brought to bank women a multi
tude of fresh opportunities for con-
Structive, intelligent management, a"
she said, land the selection of Wash
ington as this years convention city
is considered significant of the con-
vention's Importance"
Commenting on the rapidly grow
ing influence of women in the mat
ter of family finances" due to the
economic conditions of the past four
years, Miss Burwell said today that
the injection of new banking legis-
lation into the picture had still fur
ther altered the management prob
lens of women in financial positions.
I'VE have, within the past II
months, witnessed the adoption or
the actual functioning of momentous
experiments in banking and finance,
the bulk of these changes not con-
centrated, as in other years, on COM
mercial and industrial financing, but
directed largely at those elements
affecting the homes of the people and
the lives Of the people in those
homes.
Women Face New Problems.
1.-THE country's mothers and house
wives have been compelled, many of
them for the first time in their lives.
to take a definite and active hand in
the management of family finance
during recent years, and bank women,
by the same forces of readjustment,
have had to arise to the occasion.
Hence, it can be seen that the forth
coming convention will be far more
than a routine 'get-together,' she
said.
The convention headquarters will
be the Mayf1ower Hotel, where the
sessions will be held. Miss Agnes M.
Kenny, manager of the women's de-
partment of the First Wisconsin Ma
tional Bank of Milwaukee, is president
of the association.
The board of directors of the aSso-
citation named the following conven-
ton chairmen: Miss Nina M. Bruere,
Central Hanover Bank e. Trust Co.,
New York, Program Committee; Miss
Susan B. Sturgis, First National Bank,
Boston, Entertainment Committee;
Miss E. Nora Gibbons, Fulton Trust
Co., New York, Hospitality Commit
tee; Miss Jean Arnot Reid, Bankers
Trust Co., New York, Steering Com
mittee; Miss Anetta G. Foster, Mich
igan Trust Co., Grand Rapids Regis
tration Committee; Miss Gertrude M.
Jacobs, Marshall & Ilsley Bank, Mil
waukee, Nominating Committee Miss
Alice L. Fraser, Citizens National
Bank, Freeport, N. Y, Badges Com
mittee. and Mrs. Mary Berkeley Finke,
Morris Plan Industrial Bank, New
York, Publicity Committee.
Credit Charges Explained.
Surprise has been expressed in some
quarters over the rates charged for
loans for renovizing purposes in con-
nection with the national campaign
now being carried on. Washington
banks and those elsewhere are charg-
ing the rates set down in the Gov
ernment's table of calculations. To
explain the charges, the Federal
lao LoouSN d
special bulletin which says in part:
There has been some confusion in
the matter of the maximum charge
permitted on modernization loans as
expressed in paragraph 3 of the regu-
lations recently issued by the Federal
Housing Administration. Reference
has been made mistakenly to this
charge as interest, whereas it COM
prehends not interest alone but also
the expenses of investigation, extra
bookkeeping, collecting the INSTALL
mentS, etc.-in short, all financing
charges Of whatever nature which may
be made in connection with a time
payment transaction. The charge
also makes allowance for the fact that
the borrower is not required to main
tain a deposit account as is invariably
necessary in applying for ordinary
bank credit.