Evening star., 1939-08-23
Trust Institutions
Here Share in Biq
National Gains
New A. B. A. Directory
Lists Twelve in
Capital Area
BY HAROLD B. ROGERS.


Twelve Washington trust institu-
tions participated in the enormous
increase of more than S7O0oO00,-
900 in resources, registered by $500
such institutions of the country
since 1885.
This was disclosed by the Amer
ican Bankers Association in it's new
1889 directory of trust institutions,
trust men, and trust associations.
The directory has just been pub
lished by the trust division of the
A. B. A.. of which Samuel c.
Waugh, executive vice president of
the First Trust Co., Lincoln, Nebr.,
is president.
Resources of the Nations trust in
stitutions rose more than $780,
100000 during that period, while
their combined capital accounts in
creased by s290,O00,ooO.
Soar % Per Cent.
These increases bring the total
resources of trust institutions this
year to S431l6,0O0,0 which is %
per cent greater than in 1885, while
their combined capital accounts
now total S4,706 100000 a rise of
sc per cent in the same period.
The total number of trust COM
panies and banks with trust de-
partments is almost equally divided
between State and national char
tered institutions, throughout the
country according to the directory.
Here in the National Capital there
are listed four State trust institu-
tions and eight national trust in
stitutions for a total of II. These
have 50 trust men and women, IS of
whom had the word trust" in their
title.
Capital, surplus and undivided
profits of the four State institutions
amounted to s18,132 283; while the
same item for the national institu-
tions amounted to S21 SAB $40, max
ing a total of $50, 9,776l23.
Resources of the State institutions
here totaled S1ll,672. .679; of the ma
tional. S232, ,790, ,285; making total
of S344, 4,462, 1854.
ID. c. Resources Listed.
Resources of the u institutions
were listed as of the date of March
%, 1899, call of the controller of
the currency, as follows:
American Security & Trust
Hamilton National Bank 2s,47240
Liberty National Bank ----- ,S'?6e'2d2
National Bank Of Washington 1l.9633.S5l
RIGGS National Bank -.---- l12 1000
Second National Bank 1878, S2S
Washington Loan g. Trust Co. 2s,079,517
The directory is the first of its
kind that has been compiled since
1884. There has been an increase
of 386 in the number of trust officers
throughout the country since 1885
although the total number of trust
institutions declined SO in the four
year period.
The rise in the number of trust
officers was attributed by the A. B.
accounts handled by the institu-
tions.
Divided Nearly Equally.
The total number of trust COM
panies and banks with trust depart
ments is almost equally divided be-
tween State and national chartered
institutions, the new directory
shows The State chartered group
increased % to total of 1888, while
institutions with national charters
declined 80, offsetting the rise in the
State group and resulting in the
net decrease of SO.
The State-chartered institutions
have combined resources of S20,-
967 600, 900, an increase of So ,633 ,OO0.-
600, or 81 per cent over their 1885
total. In the same period, their
combined capital, surplus and un-
divided profits rose s105 100000. or
4.3 per cent above the amount rec
orded four years ago.
National banks with trust charters
increased their resources $4,O3e ,00O,-
600. or % per cent, to an aggregate
of 22,14S,OOO, 900, while their com
bined capital, surplus and undivided
profits totaled S2,168 100000 an in
crease of S184,0OO,OOO, or 9.3 per
cent.
In compiling the 1899 directory,
the American Bankers Association
obtained information from banks
which are members of it's trust divi-
sion, as we'll as from other insti-
tutions which report to State bank
ing commissioners or the controller
OF the currency.
Delegates Are Named.
Three official delegates were
named yesterday by the Executive
Council. District of Columbia Build
ing and Loan League, to attend the
annual convention of the United
States Building and Loan League at
Atlantic City, September 26 to 90.
They are: Clinton C.. James, attor-
ney for the league, and for the Co.
lumbia Permanent Building AsSoci-
alton, who was formerly president
of the national organization; Arthur
G. Bishop, chairman of the board
of Perpetual Building and Loan As
sociation, who is president of the
Washington league, and F. Wilson
Camp, secretary of the District
Building and Loan Association, who
is secretary of the local league. AL
ternates are: Martin A. Cook of
Enterprise, Edward K Jones of
Interstate and Wilfred H. Blanz of
the American Association.
Charles P. Mccormick of Balti-
more has been appointed a class c
director of the Federal Reserve Bank
of Richmond for the unexpired por-
ton of the three-year term ending
December 81, 1941, it was announced
last night by Robert Lassiter, chair
man of the board. Mr.. Mccormick
has been a director of the Balti-
more branch of the Federal Reserve
Bank of Richmond since January l,
1887, from which dictatorship he is
resigning to accept appointment to
the Richmond post. He is president
of Mccormick, ,& Co., Inc, of Balti-