Evening star., 1935-08-05
BANKERS TO MAP
y FALL ACTIVITIES
Doing Back From Vacation,
Plans Meeting of D. C.
Association Council.
BY III, b, ROGERS.


Charles H. Doing, president of the
Bankers Association of the District Of
Columbia, returned to the city today
from vacation at Cape May, N. j., and
plans soon to begin shaping up pro-
gram for the Fall activities of the
association.
Mr.. Doing, who is vice president of
the Washington Loan & Trust Co.,
soon will call a meeting of the Council
of Administration of the association.
This meeting was scheduled regularly
to have been held the last Friday in
July, but was postponed until Mr..
Doing's return. The date for the spe-
cial meeting will be selected shortly
and a call sent out to members, Mr..
Doing said today.
Committees have all been appointed
for the year in the Bankers ASsocia-
ton, but it is understood they do not
plan to get under way actively for the
Fall season as yet. The organization
Is set up, however, for the Bankers
Association to go ahead with its fall
plans, and before long, it was predicted
today. a program for much activity
will be formulated.
ALI Plans Season.
The Washington Chapter, American
Institute of Banking, also is making
preliminary plans for the year. ]. Earle
McGeary of w. B. HibbS g. Co., presi-
dent of the chapter, has appointed all
committees and the Educational Com
mittee already has held its first meet
ing to plan the educational program
and courses Of instruction for the Fall.
Potomac Electric per cent pre-
Serred stock was the only issue traded
on the Washington Stock Exchange
today. There were three transactions
of five, three and two shares, all at the
same price of l12.
Report today by the Federal Deposit
Insurance Corp. of the almost COM
plete disappearance of bank failures"
and the great protection afforded de-
poSitors in failed insured banks calls
attention here in Washington again to
the fact that all % of the operating
banks in the District of Columbia are
insured under the Federal Deposit In
surance Corp.
IL in Receivership Here.
Here in Washington II banks are
In the hands of receivers appointed by
the controller of the currency and two
other banks which were consolidated
with another are being liquidated
under liquidating trusts after the de-
positorS had agreed to the so-called
waiver plan" None of the 19 closed
banks here we're insured, because they
all closed before the Federal Deposit
came into operation.
Throughout the country only %
institutions carrying insurance have
failed since the inception of deposit
insurance 18 months ago, all but
three of which had been placed in
liquidation prior to June 80. These
19 institutions it was pointed out by
Leo T. Crowley, chairman of the
board, had total deposits of S4,088,000
of which the corporation was liable
to the amount of s2,760,0OO
1T is gratifying" said Mr.. Crowley,
''to be able to report SO few failures
of insured banks since the advent of
deposit insurance. This small number
of bank failures constitutes real evi-
dence Of the Soundness of the bank
reconstruction program"
Outside the insurance system, how
ever, it was disclosed today that 81
institutions not members of the surety
agency had closed their doors in the
last 18 months, involving deposits of
sS5,143,000
Bank Relations Improve.
Ninety-six per cent of over 300
clearing houses throughout the United
States find concrete evidence of favor
able turns in public opinion regard
ing banks, it is shown in the results
Of a survey made public today by
Banking, the monthly publication of
the American Bankers Association.
City and county districts in every
State, including the District of Co.
lumbia, are represented in the survey,
1t Is pointed out.
"The outstanding conclusion is
that there has been q genuine Nation
wide improvement the last few months
in the attitude of the public toward
its banking institutions" the publca-
tion says. Bankers have seen their
deposits increase substantially in
nearly all the cases reported, the
survey shows, and tremendously in
some cases. Many letters tell of in
creases Of 100 to 300 per cent from
the low point Of the so-called panic"
Some bankers reported that fewer
people were using safe deposit boxes
as repository for their savings, and
that "in many instances at least,
postal savings are declining"
Howard Moran, vice president of
the American Security & Trust Co.,
returned today from vacation.
Hilleary G.. Hoskinson, vice presi-
dent Of Riggs National Bank, was back
ut his desk today after vacation.
Nelson B. ONeal, assistant vice
president of Riggs National Bank, has
T~Ek A-.-