Evening star., 1940-08-04

al president of the association.
Primary object, she explained, "is
to bring together women in ex-
ecutive positions in banking insti-
tutions throughout the country for
mutual exchange of ideas and ex-
perience in order that practical
benefits be derived therefrom. 1t
furthermore promotes the interests
of all women in this profession and
upholds their dignity and integ-
rity."
Work in Educational Field.
Mrs. Reed also has received COM
mendation in the magazine, Trusts
and Estates, published by the Amer
ican Bankers Association, for her
recent honors in the educational
field. The July number points out
that the Board of Trustees of WASH
ington College of Law here has
elected her to membership on the
board. She is retiring president
of the Women's Bar Association of
the District Graduating from
Washington College of Law, she
served as president of its alumni
association for two years and is a
former member of the faculty, hav-
Ing taught the subject of trusts in
1889. Among other honors men
toned in the magazine are Mrs.
Reeds appointment as national
chairman of the Women's Com
mittee of the American Institute
of Banking, highest Office possible
for woman in the A. I. B. She
was the first woman elected to the
Board of Governors of Washing
ton Chapter, A. I. B.
The Federal Home Loan Bank
Board announced that one out of
every 10 residential properties "over-
hanging" the real estate market was
sold to new private owner in 1889,
an encouraging step in clearing up
the market for new construction
The report noted strength of the
small home field, as contrasted with
relative weakness of the apartment
house market.
Savings and loan associations, Of
fering one-to-four family homes
for sale, reduced their $500, 0,O00,0 900
holdings by an amount estimated
from $15000O,000 to $200,000,000,
considerably more than any other
type of institution. Although COM
plete figures will not be known for
some months, information from 20
States indicates reduction of about
I'll per cent in holdings, and a
larger percentage is forecast in sew
eral States not yet reported. Apart
ment house holdings of other insti-
tutions, however, tended either to
remain stationary or even to in
cerase.
Insurance Holdings Drop.
1t was estimated by the Bank
Boards Division of Research and
Statistics that insurance company
holdings of one-to-four family
homes dropped from s2s6,OOO, 900 to
$247,819, 900, or 1876 per cent, while
their apartment house holdings in
creased from $289, ,415,000 to $315,-
$4,000. Mutual Savings Bank hold
ings of residential properties were
believed to have declined from about
100000 to $3.50 900 900, or 10 per
cent, with a very large proportion of
such holdings representing multiple
dwellings.
During 1899, the residential prop
critics held by insured commercial
banks dropped from 1928, ,358,000 to
$l82,692000; allowing for the hold
ings of uninsured banks, the amount
of residential properties directly and
indirectly owned by commercial
banks is estimated to have declined
during 1889 from S290,000,0 900 to
SPAS, 100000.
Vacation Notes.
Corcoran Thorn, president of the
American Security g. Trust Co., has
left on vacation.
EliLt H. Thomson Of Washington
<see ROGERS, Page BID