Evening star., 1935-08-19
470,2O4 ACCOUNTS
INSURED IN D. c.
463,878 of Total Covered
Completely by Federal
Deposits System.
BY EDWARD c. STONE.


and 6326 partially insured. on October
/, 1884. Chairman Leo T. Crowley of
the Federal Deposit Insurance Corp.
announced today in his annual report
to Congress.
The nine national banks had 1871
fully insured accounts and 3,541 par
TALLY insured accounts, further details
flom the report reveal while two State
banks which are members of the Fed
eral Reserve System had l13.043 fully
protected accounts and $50 partly
insured accounts The II banks which
are not members of the Federal Re-
serve System carried total Of 172.05l
fully insured accounts and 1865 par
TALLY protected
The number of accounts which are
fully protected makes a surprisingly
high percentage and no doubt is one
of the chief reasons for the general
restoration of confidence in Washing
tons banking institutions. In addi-
ton to the number of depositors now
enjoying such wide protection, Chair
man Crowley's report includes the
been known for long time, the small
depositors in all the banks are COM
pletely protected by insurance.
On the date selected for the report
the Capitals % banks had total de-
posits of s251 916 900. OF this amount
total of s135l47 900 was insured by
the Federal corporation. A break
of hi al ch &c
amounting to Sl03. SIT 900 in fully in
sured accounts. S3l 100000 deposits
were in partially insured accounts.
while S116.769 900 came outside of the
insured accounts.
The nine national banks reported
sl46,246, 900 IN deposits, divided into
S49,772.0oo fully insured Sl7.705 600
in partially insured accounts and
S79,140.o0 outside the insured zone.
Percentages Reveal Safety.
TIE State bank members of the
Federal Reserve System had deposits
of $50 1909 900. with s25.985 900 fully
insured. $500 900 in partly insured
accounts and 25424.O00 uninsured
deposits in partially insured accounts.
At the same time the IL banks not
members of the Federal Reserve Sys-
tenn carried total of S46.66l 900 in
deposits with s27. .759, ,0GO fully insured.
s6.325 900 in partially insured ac-
counts and Sl2.577O00 in uninsured
deposits in partly insured accounts.
The safety of depositors and de-
posts in the Washington banks is
most clearly pictured in the percent
age summary in the Crowley report
In the Capital 98.7 per cent of all ac-
counts we're fully insured on the date
on which the report was based. Ma
tional banks reported 98.l per cent of
their accounts as fully protected: State
bank members of the Federal Reserve
reported 93.7 per cent of their ac-
counts as fully insured. while the
banks not members of the Federal
Reserve announced that 993 per cent
of their accounts were insured.
Turning to the percentage of de-
posits insured. Chairman Crowley re-
ports 536 per cent for all local banks,
$50 per cent for the State bank
members of the Federal Reserve and
73 per cent for the banks which do
not belong to the Federal Reserve.
The report includes similar figures
for all the other banks in the United
States and the head of the Federal
Deposit Insurance Corp. points with
Justiflable pride to the results of the
first years operations. Only nine in
sured banks we're placed in receiver
ship during the year. with insured
deposits Of 1897 900. All but IA of the
1873 depositors in these banks we're
fully protected the report says.
Bank President in Hospital
Rolfe E. Boiling, president of the
Liberty National Bank, was reported
today to be in a favorable condition
at Emergency Hospital to which he
was taken last Friday from his resi-
dence at the Wardman Park Hotel
Mr. Boiling is one of the best known
bank presidents in Washington. He
took the presidency of the Liberty
National Bank in December. 1881,
succeeding the late Edward j. Nc
Quade. At the time of his election
he was vice president Of the former
Federal l-American National Bank Ss
Trust Co. and manager of the branch
office at Fifteenth and H streets. He
has been most successful as the head
of Liberty National. the institution
growing steadily. His friends hope
he will be back at his desk soon.
Vu,;or D,rl,.s DIor
Washington Chapter, American In
stitute of Banking. will take a moon
light cruise down the Potomac on the
Wilson Line steamer City of Washing
ton Wednesday, August 81. it was an
nounced today by Francis E. Robey,
assistant cashier, Bank of Commerce
& Savings. chairman of the Enter
tainment Committee. This is the first
year Washington chapter has planned
such an excursion and much interest
Is being shown by the members.
Serving on the committee are
Thomas j. Norris, Bank of Commerce
& Savings, vice chairman; John M
Christie, Riggs National; Henry P.
Hoffman, Second National; Donald c.
OOllcS, OllIUll IL uSJ w., fbUUeIG v.
Mellefont. Riggs; Richard A. Norris,
Lincoln National Frank M Perley.
American Security & Trust Co.;
George W. Rowzee, Lincoln; Rose L.
Royce, Washington Loan e. Trust Co.,
and Robert A. Sisson, Hamilton Ma
tional.
Cleaned in Financial District.
Harrell Bros e. Roesch, insurance
counselors. announced today that Rob-
ert S. Campbell has become associated
with the firm as manager of their
insurance department, representing
the Aetna Life and other affiliated
companies.
l. j. Roberts, assistant cashier of
the Riggs National Bank and Presi-
dent Robert " Fleming's secretary. is
spending his vacation on Long Island
Sound, not far from New Haven,
Conn.
Y. E. Booker. president of the Wash