Evening star., 1935-02-05

American Bank EsSS# ssS$ TIL
ers' Association, M SsSsS zza5 ~
will be among the
speakers. j. w. William EI,tbsr
Allison, a Rich
mond banker, is another. Robertson
Griswold of Baltimore, L. E. Birdzell,
Federal Deposit Insurance Corp. and
j. Harvie Wilkinson, jr., of Richmond,
and D. ]. Needham, A B. A. general
counsel, will also appear on the pro-
gram. Another important speaker
will be Carl w. Finninger of Provi-
dence, who has made an expert study
for the A. B. A. of common trust
funds.
Many other prominent bankers are
listed for the three-day meeting which
has been divided into five sessions.
Among the financiers who will attend
from this city are T. Stanley Holland,
trust officer of the American Security
g. Trust Co., and Sidney F. Taliaferro,
trust officer of the Riggs National
Bank. F. P. H. Siddons of the Amer
lean Security g. Trust Co., and also
president of the District Bankers As
sociation, will also be present.
Flather Lauded by Friends.
William j. Flather, one of the vice
presidents of the Riggs National Bank,
began his hfty-ninth year of service
with the organization today, receiving
a host of congratulations from friends
both in and outside of the bank.
He started his banking career as
messenger with Riggs & Co, on Feb
ruary 4, 1877. He remained with the
organization which eventually became
the Riggs National Bank and for
many years has been one Of the lead
ing bankers in the city. He has
natural gift for the banking business
which has always been the envy OF
his associates.
Mr.. Flather almost never misses a
day at the bank as he is still in excel
lent health PromptneSs has been one
of his characteristics all his life and
he is never late in keeping any buSl-
ness engagement. At the bank today
he expressed the wish that he might
swap places with some of the younger
men.
Amazing changes in banking have
taken place since he entered the
financial field. and he has kept track
of all the new banking practices. The
changes in Washington as the Ma
tional Capital, which he has witnessed
in the past so years. would fill several
books. Cordial, alert and optimistic,
Mr.. Flather Is most interesting man
with whom to discuss finance or any
other topic.
Fifth District DEPOSITS Up.
A comparison of the January 9,
1885. figures with those for January
10, 1884. shows increases in all items
except loans to customers and redis-
counts at the Federal Reserve Bank
of Richmond. Total loans and dis
counts decreased by S2,019,000 between
the middle of January last year and
this, loans on stocks and bonds de-
creasing $4,000 and all other loans
falling ST ,449, 900. Aggregate deposits
rose SAL $4,000 during the year. de-
mand deposits increasing S37 $50 900
and time deposits S4,228,000.
The insurance of deposits after jan
uary l, 1884, tended to bring addition
al money into the banks. Investments
IN stocks and bonds by the % report
ing institutions increased by S32.297,-
600 between the 1884 and 1885 dates,
and cash in vaults rose by s1,123 900.
None of the % reporting banks were
borrowing at the Federal Reserve Bank
of Richmond on either the 1884 or
1885 dates under comparison.
During the month between Decem-
Der II and January 9. total loans
and discounts held by the % report
ing banks declined by So $4,000, loans
on securities falling S2,409000 and
all other loans, which are largely
commercial at this season, increasing
$225,000. A decrease in loans at the
end of the year is seasonal.
The reporting banks increased their
investments in stocks and ponds by
$1l,l92,000 during the month. chiefly
by the purchase of Government secur-
tiles for temporary investment, but
decreased their reserve balance at the
reserve bank by $546000, merely
daily fuctuation. Cash in vaults de-
clined by S1,349000 after the passing
OF the holiday shopping season
Aggregate deposits in the % banks
increased by $1,187 900 last month.
demand deposits decreasing by $685.
900 and time deposits increasing by
$1,425,000, the Richmond Bank
announces.
Bankers Push Banquet Plans.
Frank M. Perley, general chairman
OF the thirtieth annual banquet to
be given by Washington Chapter,
American Institute of Banking, at
the Willard on Saturday, February 16.
announced today that 1000 specially
prepared invitations have been sent
to senior and junior bankers of Wash
1ngton and already a large number
have accepted. The treasurer of the
Banquet Committee, J. Earle Nc
Geary Of w. B. Hibbs & Co.. an
nounces that one bank has sent in
a guest list for all but two of its
personnel.
The Entertainment Committee,
Paul j. Seltzer as chairman has en-
gagged well-known orchestra to
furnish the music and Harry M
Taylor of Philadelphia to act as
master of ceremonies. Professional
entertainers will give program.
An unusual atmosphere will be
created through the decorations,
which will portray scenes from the
gay nineties" and will be suggestive
Of the banquets given during the
early days of Washington Chapter.
Robert G.. Whitton of the First
National Bank of Alexandria is chair
man of this committee
Besides local bankers the guest list
will contain many notables from out
of-town banks.
Woodward Stock at New Top.
Woodward & Lothrop common stock
scored a new high mark on the Wash
ington Stock Exchange today, four 25-
.h,ra eo1ac failing ,,loce of an The