Evening star., 1938-09-01

rr.ti,. Y,u Chalrmen, COnSuls
representing the
various banks and guests.
The dinner will be the first event
Of the new school year. William H.
Laughlin of the Washington Loan e.
Trust Co., who, as chairman of the
Educational Committee, will preside
at the dinner, announced the follow
ing committee members to assist him: ::
Francis E. Robey, Bank of Commerce
IL Savings, vice chairman; Leona E.
Draeger, Washington Loan g. Trust
Co, secretary, Edward M. Blaiklock
Washington Loan & Trust: John M.
Christie, Riggs National; Aubrey o.
Dooley Hamilton National; Raymond
L. Jones. National Metropolitan: Paul
J. Seltzer, American Security; Frances
E. Nagel. Riggs National. Robert H
Lacey, Columbia National: G. Elmer
Flather, Union Trust; T. Hunton
Leith, Security Savings & Commercial;
j, Earle McGeary, w. B. Hibbs & Co.;
Richard A. Norris. Lincoln National,
Frank NJ. Perley. American Security;
Walton L. SanderSon, Ha milton Ma
tional; G.. Crawford Turnbul. Morris
Plan; James B. Ahalt. the City Bank.
Acceptances to invitations should
be sent to Miss Frances Nagel of the
Riggs National Bank
A. r. A. Speakers Listed.
w j. Cameron OF the Ford Motor
Co. and Jesse H. Jones chairman of
the board Of the Reconstruction Fin
ance Corp, will be among the ma
tlonal figures who will address the
annual convention of the American
Bankers Association which will be
held this year at Houston, Tex. No
vember 14-l7. it is announced by
Orval w. Adams, president of the
association. Mr.. Jones is chairman
of the board of the National Bank of
Commerce IN Houston.
Other speakers will include DR..
Adam S. Bennion, assistant to the
president of the Utah Power & Light
Co., Salt Lake City, Utah; j. Reuben
Clark, chairman of the Foreign Bond
holders Protective Council. Inc, New
York City, and former Ambassador to
Mexico; DR., Karl T. Compton. presi-
dent of the Massa chusette Institute of
Technology, Cambridge, Mass, and
Bishop James E. Freeman Episcopal
bishop of Washington. D. c..
L. S. Bonds Fill Portfolios.
Direct obligations of the United
States Government and obligations
guaranteed by the Government repre-
sent by far the largest part of the
investments of nine national banks
here, according to Treasury abstract
of the reports OF conditions as OF
June 30, 1888.
Direct obligations totaled $50, ,624 600
on that date while the guaranteed
obligations amounted to S1l 900, 900.
In contrast, holdings of bonds. notes
and debentures Of domestic corpora
tons included 81 962 600 of railroads.
S2,3o4,000 of public utilities, S3l. 900
of real estate corporations and s.
225,000 of other domestic corporations.
Stocks of domestic corporations in
cluded $4,000 Of banks and banking
corporations, s2430OO of other domes-
tic corporations.
Foreign securities in the banks here
included S569,000 of the obligations of
foreign central governments, s123,00O
OF foreign provincial state and munich
pal issues and $4,000 of other foreign
securities.
The abstract also listed sl,538.OOO
OF Federal Land Bank securities. SILL
600 of the Federal Intermediate Credit
Banks and 100000 of the Joint Stock
Land Banks. Stock of the Federal
Reserve Banks totaled S44l,O 900.
Domestic municipal, county and
State obligations totaled 81 ,O9l 900.
Longer Terms Lead.
Direct obligations of the Federal
Government included S11,S1lOOO of
Treasury bonds maturing on or be-
fore December 81, l949, s25, 1852 900
OF Treasury bonds maturing after
December 81, l949, 100000 of other
United States bonds, s12,96lOOO of
Treasury notes.
The guaranteed obligations included
s34O,000 of Federal Farm Mortsage
Corp, l,244,00O of the Home Owners
Loan Corp, $4,000 of the Commodity
Credit Corp.
In a summary of loans and dis
counts, the abstract lists S58OOOO
OF commercial paper bought on the
open market, S273, 900 of security loans
to brokers and dealers, S14,7l9OOO in
security loans to others exclusive of
loans to banks, 100000 in real estate
loans, mortgages, etc, on farm land;
sIoo3'o00 IN loans, mortgages, deeds
OF trust etc, on other real estate,
d. c. Exchange Quiet.
Washington Gas Light preferred
attracted most attention with four
1o-share lots changing hands at 9e7a
on a quiet Washington Stock Exchange
today, Todays price was UNCHANGED
from the last previous sale and below
the years high of 100l2. A single
share and fve-share lot of Potomac
Electric per cent preferred moved
at the unchanged level of 1l411. Five
shares OF Potomac 512 per cent pre-
ferred brought ia, representing an
advance OF half point over the last
previous sale, but below the wears
high of lis.
Financial District Notes.
7. H. Leith. vice president of the
Security Savings & Commercial Bank,
VIII leave tomorrow for a two-week
vacation at Bethany Beach. Del.
Thomas P. Hickman, vice president
OF the City Bank of WASHINGTON, is
Vacationing at Cape May. Frank w.
Lee, also a vice president of the in
stltutlon. has returned from a vacation
at Buffalo and in Upper New York
State
E. H. Graham, vice president of the
National Bank of Washington in
charge of the Water street branch,
has started three-week vacation
William E. Howard, assistant cashier
of the institution, has returned from
q vacation at Ocean City, Md.
Miss Catherine NJ Krieg, secretary
to Robert " Fleming. president of