Evening star., 1937-09-09

RAYMOND b, Dickey. N ey are en-
ployed.
Controller O'Connor lauded the
American Bankers Association for
establishing the banking institute
more than 20 years ago. Several of
the Nations most prominent bankers
have received institute training. he
said, "at least one of your bankers
rising to the presidency of the A.
B. A."
Successful institutions, he added.
are always after men and women, not
afraid of work, who are loyal, honest,
industrious and capable. The office
of the controller of the currency and
other similar Government depart
ments are seeking the same type of
employees, he asserted, and in passing
praised the intelligence and training
displayed by national bank examiners.
In conclusion, he presented some most
interesting statistics on the present
status of national banks.
Banks Reveal Marked Progress
Controller OConnor stated that
IN 1884 he made careful compila-
tion Of commercial loans as report
ed by national bank examiners in
each of 5,275 national banks. The
total amount of these loans was
more than $1,000, 100000
Examiners placed 2.88 per cent in
the loss column, 4.19 per cent in
the doubtful column and 27O5 per
in he ell
compilation has just been completed
taken from the most recent exami-
nation of 5,3l2 national banks dur
ing the present year, which shows
surprising improvement.
The total amount of loans, now
published for the first time, was
S8,426, ,93l,749. The examiners
placed only .65 per cent of these
loans in the loss column, only ia
per cent in the doubtful column and
but 1868 per cent in the slow column.
The compilation shows that 353
banks in the Fifth Federal Reserve
District now have total loans of
s427,l33,300, BAT per cent being
placed in the slow column, 1,O6 per
cent in the doubtful column and only
rs per cent in the loss column.
An important question which has
been discussed by bankers groups and
IN conference of the various banking
agencies in Washington is the net
sound capital and its relation to de-
posits. In 5,3l2 national banks the
controller reported sound capital of
$3,215,5ll,54S, with total deposits of
SGT, 2,527, ,585, or a ratio of l to
s.34. In the Fifth District alone
the ratio is l to 814, the 353 banks
having s153 3.2S6,900 in sound capital
and sl,247,7o8,ooO total deposits.
Dickey Also Among Speakers.
Raymond B. Dickey, dean Of the
institute faculty, also made an excel
lent address to the Junior bankers.
and Thomas j. Groom, president of
the District Bankers Association.
brought greetings from that organi-
zation.
Paul j. Seltzer. chairman of the
Educational Committee, presided
Talks outlining plans for the wear
were given by William H. Laughlin.
chapter president; Joseph r. Fitzpat-
rick, first vice president; John M.
Christie, chief consul, and George B.
Earnshaw, membership chairman.
There was record attendance. made
up Of special guests, chapter officers.
the board of governors, instructors.
consuls, committee chairmen and the
complete Membership Committee.
Special mention was made of the
institutes national radio COM
mencement exercises. which take
place tomorrow evening. Members of
Washington Chapter will hold their
program at the Willard, beginning
promptly at 8:15; the program on
the air to start at $50, when Branch
Hickey, noted base ball magnate. will
speak over national radio hook-up
from st. Louis.
Loans and Discounts Up.
Loans and discounts of insured COM
nlercial banks increased almost 10 per
cent during the year ended June 80. it
was announced today by Chairman
Leo T. Crowley of the Federal Deposit
Insurance Corp. Outstanding loans
of these banks totaled more than
$4,000, 100000 on June 80 of this
year.
Holdings of United States Govern
ment obligations declined SIS per cent
to about Sl3,964 100000. Small de-
clines also occurred in holdings of
State and municipal obligations and
Of all other securities.
While total deposits on June 30.
1887, were 2.5 per cent greater than
the year previous, the SAT 800 600 600
owed depositors on June 80. 1897, was
about $500, 900 900 less than the all
time high figure of total deposits re-
ported on December 81, 1886.
United States Government and postal
savings deposits fell 40 per cent dur
ing the year, amounting to only S7s3,-
100000 on June 80
Savings and time deposits of indi-
viduals, partnerships and corporations
deposits of public funds and deposits
OF foreign banks were the only deposit
classifications greater on June 30
1887. than on the two preceding re.
port oates.
Today's Trading on Exchange.
Washington Gas Light IS, 1860, sole
at ll6 on the Washington Stock Ex.
change today on a $500 turnover, while
Washington Gas 5s, 1858, appeared
on the board in a 81 600 transaction
at 1854. Anacostia 6s Potomac r. r
5s recorded 81 900 sale at SO.
Stocks were neglected. the only sal,
being a l0-share lot of Woodward &
Lothrop preferred at 100.
r. w. Pitman, executive vice presi
dent of the Morris Plan Bank of Vir
ginia. left September 2 to attend tn,
associations convention at Colorado
Springs. Mr.. Pitman is president o
the Morris Plan Bankers Association
McCrory Stores Corp.-August sale
were off l per cent, eight months Vi
a. pn~ rent