Evening star., 1935-04-19
BANKERS PLEASED
BY A.B.A. COUNCIL
Back Changes in Title 2 of
1885 Act-0ther Titles
Unopposed.
BY EDWARD C. STONE.

Washington's representatives to the
executive council meeting Of the
American Bankers Association at
Augusta, Ga, were back in the fnan-
cial district today, most enthusiastic
over the four r-day session.
The bankers here were represented
by Robert " Fleming, first vice
president OF the A. B. A. and presi-
dent of the Riggs National Bank;
Edgar E. Mountjoy, who has repre-
sented the national association In the
CAPITAL for more than Is years; Victor
B. Deyber, president Of the Second
National Bank, and George o. Vass,
one of the vice presidents and cashier
of Riggs National.
The Spring meeting was rated as
one of the most interesting on record.
Conditions In the banking world made
the many reports presented of more
than ordinary importance. Naturally,
the proposed banking act of 1885
probably was discussed more freely
than any other topic.
Bankers Oppose Title III.
Bankers from all parts OF the
country are very strong for the
changes suggested in title II by the
associations Special Committee on
Banking Studies, their recommends
tions now being before Congress.
Title I and title III in the pro-
posed act are causing little or no op-
position among financiers. Title II,
however, is held to open the way for
for too much political domination OF
far too much political domination OF
private banking. The special COM
mittee's report was highly praised
and assured of all possible support
The annual dinner Wednesday night
was thoroughly enjoyed. Roger Bah
son offered much material bearing
on the economic outlook and covered
the business situation from many
angles. Frank NJ Totten, of the
Chase National Bank, New York
made an unusually brilliant speech
from the standpoint of humor. He
has been heard in Washington on
several occasions, speaking before the
American Institute of Banking.
Savings Deposits Increase.
One of the interesting reports made
at Augusta was presented by T. J
Caldwell. vice president of the Unior
National Bank, Houston, Tex, anc
president of the savings division o.
the A. B. A. He reported to the
executive that the decline in savings
deposits in the banks incident to the
\ <}oproeeio,, hod haop orroetod opd fboi
the latest compilation of savings fig.
ures by his division showed a gair
of savings in banks for the country
as whole of three -fourths of q
billion dollars during the year. with
an increase of almost 100000 de.
positors. These figures, he said, were
most important in that they were
evidence of the vitality of savings il
this country.
Orval w. Adams, vice president Of
the Utah State National Bank, Salt
Lake City, and chairman of the Bank
Management Commission, announced
that his commission has about com.
pleted special study on a plan oi
cost accounting for banks, outlining
simple means for determining pei
item costs and presenting a clear-cut
method for analyzing banking costs
The plan is in two parts, one appli-
cable to small banks and the Other
to medium size and large banks
Application on this plan presents 6
basis on which service charges car
be installed with the assurance thai
they will be. both adequate anc
equitable to the customers and tht
banks alike, Mr.. Adams said.
This last report is not as impor.
tant to Washington as to many Other
cities. as local bankers worked out 9
complete system of their own before
they adopted the standard meterec
service charge plan which has beer
in force for long time. It will bt
interesting. however. to see how neal
this system of accounting comes tt
the one in use here.