Evening star., 1939-03-29
Insured Banks Report
Huge Recent Gains
In Total Assets
Crowley Also Notes
New High Record
In 1888 Deposits
By EDWARD C. STONE.

assets OF 800 b0UU ,UUU,UUU dS Dl De-
cember 81, 1898. the highest ever
reported to the corporation. Since
December 81, 1887, total assets in
creased s2,594 100000, or about 5
per cent.
The comparative statement Of as
sets and liabilities of all insured
commercial banks issued by the
corporation also revealed the fol-
lowing significant changes during
the u months ended December 81,
1888:
Holdings of United States Gov
ernment obligations and obligations
guaranteed by the United States
Government amounted to Sl4,507,-
100000, an increase of S837000, 900,
or per cent.
Holdings of obligations of States
and political subdivisions increased
16 per cent since December 81,
1887, and amounted to S30l1 ,000,-
900 Holdings of other securities de-
creased during the year.
Deposits Highest on Record.
Loans and discounts. at Sl6,024,-
100000 were S7l9,0O0000, or 4 per
cent lower than on December 81.
1887, but were S3O5, 100000 or about
per cent higher than on June 80,
1888.
Cash and funds due from banks
continued to increase and on De-
cember 81, 1888, amounted to ST.
176OOO,OOO, the highest figure on
record, an increase for the year of
S2,245 100000, or Is per cent.
Total deposits increased about 5
per cent during the year to S49,-
779,0OOO00. the highest figure since
Inauguration of deposit insurance.
All major classes of deposits showed
increases for the year except United
States Government and postal say
ings deposits.
Total capital accounts of the IN
sured commercial banks increased
by s31,O00,000 during 1883 and
amounted to 113 per cent OF total
assets on December 81, 1888, as
compared with 11.8 per cent on
December 81, 1887.
Bank Women Elect Officers.
Miss Anne Crawford was elected
president of the Washington Bank
Womens Club at the annual meeting
held Monday Miss Crawford has
been associated with the McLachlen
Banking Corp for the past II years
and is very active in banking circles
Other officers follow:
Miss Doris Strobel, Treasury De-
partment, vice president; Miss Leona
BiXler, National Metropolitan, re-
cording secretary: Miss Anne Sulli-
van, Morris Plan Bank, correspond
ing secretary: Miss Eva Kicker,
Riggs National, treasurer. and Mrs
Teresa Sears, McLachlen Banking
Corp, historian.
Those elected to the Board of
Governors include Mrs. Gertrude
Wick, Liberty National; Miss Alice
Whitton, First National Bank of
Alexandria; Miss Florence Gardner
National Metropolitan: Miss Helen
Healy, National Savings & Trust Co.;
Mrs. Eunice Thomas, Takoma Park
Bank, and Miss Mildred Woodcock.
Trust Company Forms Club.
The personnel of the Washington
Loan & Trust Co. met in the board
room at the main Office yesterday
afternoon and formed a club for
social, educational and sports activi-
To Sc
the various departments and Offices
into closer touch with each other.
After adoption Of a charter and by
laws. an election of officers resulted
in the choice of the following:
President, Herbert D. Lawson, ir.:
vice president. Lundeen V. Steele;
treasurer, John l.. Cain. secretary,
jeanette Fuchs, and assistant secre-
tary, Leona E. Draeger. The Ex-
ecutlve Committee will be composed
of the officers and a member chosen
by each department of the institu-
ton. Meetings will be held every
month in addition to other gather
ings for social and recreational OBJ
jectives.
Four standing committees will be
appointed by the president, educa-
tlonal, entertainment, athletic and
welfare. The name adopted for the
organization is the Washington Loan
& Trust Club. The meeting, marked
by great enthusiasm. concluded with
resolution Of thanks to Harry G.
Meem, president Of the company. for
his interest in and support of the
undertaking.
Buckley and Camp Delegates.
Robert E. Buckley. president of
the National Permanent Building
Association, and F.. William Camp
secretary of the District Building
Association, were unanimously elect
ed yesterday as delegates to the
Forthcoming convention of the
southeastern group, United States
Building and Loan League, to be
held in Charleston, S. c.. April 1929
Arthur G. Bishop, president of Per-
petual Building Association, and
William M. Payne, jr president of
the Eastern Building Association,
were named alternates.
Honor guests at the luncheon
meeting of the Building and Loan
League were Horace Russell, general
counsel of the United States Build
Ing and Loan League, and Morton
Bodflsh, executive vice president
both of whom spoke on the progress
made by the national body in all
parts of the country.
Financial District Comment.
The sale on the Washington Stock
Exchange of 100 shares of Capital
Transit stock at 9 was not only
the largest block to change owner
ship in some time but also the
highest price. The February report
was much better than last year, this
being the reason given for the ad-
vance,