Evening star., 1938-03-10
Total ,612 ,283 "a

The Federal Reserve Board issued a
similar call to its member State banks
The call thus applied to 8.S18 banks
6,z44 national and 2,O74 State banks
No call was issued, however, by the
Federal Desposit Insurance Corp,
which ordinarily asks only two con-
dition reports year. The controller
requires three or four The last gen.
eral call, by all three agencies, was
for figures of December 81. 1887.
Housing Loans Increase.
The second week of the cooperative
newspaper advertising campaign by
the District Bankers Association to
boost housing loans under Title I of
the amended Federal Housing Act
finds steady increase among would
be borrowers desiring such funds, it
was learned today.
The aim OF the drive, as previously
stated, is to bring about the greatest
possible immediate increase in employ
ment in Washington A lot of reno
vizing and alteration work has been
going on in the Capital throughout
the winter, but the spring weather is
expected by bank officials to bring
about an increase in housing improve
ments
In addition to the number of loan
applications already presented, it is
known that good many people are
now getting estimates on the cost of
proposed repair work before seeking to
obtain funds from the banks.
According to President Thomas j..
Groom of the District Bankers Asso-
citation the results of the cooperative
efforts of the banking institutions have
been highly encoura ging in the brief
period since the advertising was
started.
Baltz Reports Loan Pick-Up.
There was more none" borrowed
from savings, building and loan as
sociations in January to make over
and repair homes than either the
same month last year or the year
before, Edward c. Baltz, president of
the United States Building and Loan
League, reports. Estimates of the loan
volume by associations throughout the
country found repair and moderniza-
ton loans a gratifying feature in the
slack end of the season.
Out of total January loans. esti-
mated at s62,555,1o0, associations
placed $4,049,10o in the reroofing,
redecorating, refooring type of f1nanc-
ing, according to Mr. Balz, this be-
ing 100000 more of this type of lend
ing than year ago. This group of
loans, however, was the only one to
show a gain over January. 1887.
Insurance Firms Best Year.
Bradford H. Walker, president of
the Life Insurance Co. of Virginia, re-
ports that in many ways 1887 was the
company's best year. Insurance in
force increased by S36,019,799. the
largest increase since the company
started in business in 1871.
Assets increased S6,44095l and pol
icy reserves were expanded by $6,078,-
345 to $77,056,07l. Capital, surplus
and contingency reserves now total
$l6.238,4 ,495. President Walker stated.
The annual report has just been
received here by A. E. Call, District
manager, and F. X. Callahan, manager
OF the ordinary insurance department,
in Washington. The home Office is
In Richmond
Gospel Of Banking Spread.
Washington bankers are spreading
the gospel of finance through series
of talks arranged by Stuart S. Ogilvie
chairman of the Public Education
Committee of Washington Chapter
American Institute of Banking and
assistant cashier of the Second Ma
tional Bank.
The first in the series was delivered
by Richard A. Norris, assistant cashier
Lincoln National, before the COM
mercial department of Western High
School. Norman E. Towson, Wash.
ington Loan & Trust Co., addressed
the Wilson Teachers College and Han,
w. Ireland spoke at the Anacostis
High School.
The next address will be given TO-
High School, by Horace F. Stokes
assistant cashier, National Metropolis
tan, on Banks Contribution to Busi.
ness"
Bank Declares Dividend.
Directors of the Bank of Commerc,
& Savings yesterday declared reg
ular quarterly dividend of $3.50 PEI
share on the outstanding stock pay
able April /. to stockholders of recore
March 81, Vice President Thomas
Groom announced today.
Y. e. Booker Is attending meeting
In Chicago today Of the board Of gov
ernors Of the Investment Bankers
Association. The Maloney over-the