Evening star., 1939-08-28

The present district committee
for this area, of which Y E. Booker
of this city is chairman, has named
a nominating committee which soon
after September 10 will nominate
the committee of six to represent
the area for the next year
The Nominating Committee con-
sists of Robert B. Hobbs of w. w
Lanahan & Co., Baltimore; Oscar
M. Lemoine of John D. Howard g.
Co., Baltimore; William w. Mackall,
jr., of this city; Edward c. Ander-
son of Scott & Stringfellow, Rich
mond, Va, and Russell F. Hall of
Lewis & Hall, Inc, Greensboro,
N. c.
National Post to Be Filled.
This Nominating Committee not
only will name soon six men who
are to be voted upon for election
to the District Committee for the
area, but later on, in November, the
Nominating Committee also will
nominate one member for the Ma
tional Board of Governors to take
office January l6 The present local
member of the Board of Governors
is B. Howell GrisWold, jr., senior
partner of Alex Brown g. Sons of
Baltimore, who also is chairman of
the Board of Governors.
Similar procedure for election of
district committees and a member
of the Board of Governors is being
carried out in the IA districts into
which the national association has
divided the country.
The association has 1900 mem
bers nationally, 50 in this area and
IA in the District of Columbia. An
other member of the present District
Committee is James Parker Nolan
of this city.
The association is an outgroWth of
the Investment Bankers Code Com
mittee of 1884. which has been re-
organized since with the following
names: Investment Bankers Confer
ence Committee, Investment Bank
ers' Conference, Inc, and now Ma
tional Association of Securities
Dealers, Inc.
Registered With S. E. c.
The last-named organization was
formally registered with the Securi-
ties and Exchange Commission and
all rules concerning the same will
become effective as of September 6.
1t was granted registration as a
national securities association under
the Securities Exchange Act, as
amended
officers of the association include
Mr. Griswold, chairman of the
board; Frances A Bonner of Chi
cago, vice chairman; Edward H.
Hilliard of Louisville, KY, treasurer,
and Wallace H. Fulton of this city
director
The association is incorporated in
the State of Delaware, with resident
agent at Wilmington. Its certificate
of incorporation and bylaws. rules
of fair practice and code of pro-
cedure for handling trade practice
complaints was filed in accordance
with the Maloney Act, amendment
to the Securities Exchange Act.
A. 1. B. Officers Return.
Francis E. Robey, assistant cashier
of the Bank of Commerce g. Savings,
president of Washington Chapter of
the American Institute of Banking
Edward M. Blaiklock of the Wash
ington Loan & Trust Co., first vice
president of the chapter; Raymond
L. Jones, National Metropolitan
Bank, treasurer of the chapter, and
Kenneth Birgfeld, American Secur-
ity & Trust Co, chief consol. have
just returned from a conference of
officers of the American Institute of
Banking chapters from Pennsyl-
vania, District of Columbia, Mary
land and Delaware.
The meetings were held Saturday
at Harrisburg, Pa, for the purpose
of discussing chapter problems anG
to exchange ideas. Floyd w. Lar
son, assistant secretary of the ma
tional organization, was one of the
speakers on the program.
3.134 Trust Departments.
Through the cooperation of the
Board of Governors of the Fedora
Reserve System and the Fedora
Deposit Insurance Corp. Trusts ane
Estates Magazine announces the
number of active trust department.
under Federal supervision in tht
United States.
Adding to the 1,543 national banl
trust departments which, according
to the 1888 annual report of tn,
Controller of the Currency, were
active in the administration of trust
and estates, 1,107 insured banks no
members of the Federal Reserve ane
484 State members of the Fedora
Reserve System. the total numbe
of Federally supervised trust in
stltutions in the 43 States is 3,134
In addition, there are severa
score of active trust departments il
= non-insured State banks and trus
companies, particularly title insur
ance and trust companies or say
ings banks with fiduciary depart
ments.
Bankers Conclude Vacations.
Raymond G.. Marx, controller O
the Riggs National Bank, was bacl
at his desk today after his annua
vacation.
j. R. Menu N, an assistant vic
president of the Riggs National
also returned today from a vacation
spent at North Carolina resorts
William w. Keck, assistant treas
urer of the ANT lean Security
Trust Co., is on a motor trip to tn
San Francisco Fair and other point
on the West Coast. He visited th
Grand Canyon on the way West.
On September l the Fedora
Housing Administrator is cxtendin
its program to cover the construc
ton of small homes costing not i
excess Of $500. Home builders I'm
Ger the new regulations may hav
as long as Is years to pay off tilei
loans.
American industry is in the lnids
of a moderate but general upturr
to y,,a,,tL11, E,,11of;