Evening star., 1942-08-31
Treasury May Expand
Bank Facilities
Al Busy Spots
Congestion in CopitoI
And Other War Centers
Being Studied
BY EDWARD C. STONE.

BY EDWARD c. STONE.
The Treasury Department is
making survey of all the larger
military camps in the country, and
of the congestion spots of Govern
ment workers in Washington and
vicinity, to determine whether any
further changes are necessary in
the facilities provided for cashing
Government checks.
Already two so-called Treasury
facilities" have. been established in
nearby Virginia, at Gravelly Point,
and at the new War Department
Pentagon Building in Arlington.
These Offices are not branch banks
as such, but are offices established
at the request of the Treasury De-
partment to provide check-cashing
and certain other privileges for the
Government workers, who have had
difficulties in getting to bank.
Treasury officials are pleased with
the success OF the Citizens National
Bank of Alexandria in operating
its Gravelly Point Office, and of the
First and Merchants National Bank
OF Richmond, Va, in providing serv-
Ice at the giant Pentagon Building.
Other Spots Studied.
Some similar facilities are under
stood to be under consideration for
other nearby congested centers of
military and war-worker popula-
tions. But the locations of those
under advisement now were not vet
ready to be divulged last night.
Some relief has been provided for
both Government workers and banks
here through dividing the paydays.
Where formerly Government paw
days were on the first and fifteenth
OF each month, now there are also
two other paydays, on the eighth
and twenty -shird. So helpful has
this been, that Treasury experts
are making a careful study to de-
termine whether it might be help
ful to have still more paydavs. to
spread still further over the month
the distribution Of Government
money.
Among the military posts under
consideration for possible new bank
facilities are about 40 of the largest
camps and forts. Already at Fort
Mead. Md, a Baltimore bank has
established branch bank. oper-
atlng with all the functions of a
branch. This Is different from
the facilities" at Gravelly Point
and Pentagon Building.
July Building Of Slightly.
Residential and non-residential
building during July in Eastern
Pennsylvania, Southern New JERSEY.
Delaware, Maryland. Virginia and
the District of Columbia was slightly
lower than during the same month
last year, but heavy engineering
construction was more than double
the July, 1941 total, according to j.
T. Little, district manager of Dodge
reports.
Based on the total valuation OF
contracts awarded, Mr.. Little stated
that the July total for residential
building, which now includes largely
barracks and housing for war work
ers, was s32 $780, 900. slight decline
from the July, 1941 total of $34,-
557 900.
Non-residential building also de-
clined from SAL ,664 900 last July to
S34,210,0O0 this year. Public works
and utilities. however, increased
from $l4.076,00 to $34, ,4O6 900.
Reilly Gives Bond Totals.
John A. Reilly, president of the
District Bankers Association, rep
resented the bankers today at the
opening of the big War bond drive
being conducted by the motion pic
ture stars. Mr. Reilly reported on
the sales of bonds and stamps by 2l
Washington banks for the week
from August "a through August 20,
the total reaching $l,228, 1888 80,
maturity value.
The annual fall education meeting
OF Washington Chapter, American
Institute of Banking, will be held
at the Lee Sheraton Hotel on
Thursday evening, September 10, it
was announced today by George B
Earnshaw, chairman OF the Educa-
tional Committee. John A. Reilly
president of the District Bankers
Associationand the Second National
Bank, will be the chief speaker. The
program will be preceded by a
dinner.
Wreck Halts Ticker Service.
A railroad wreck at Aberdeen
Md, tied up quotation service from
Wall Street in the Washington brok-
erage houses early today. The mar
ket opened with the electric boards
all "out of business" BY 1890 the
quotations were routed over other
wires and the service was normal.
The market showed little change
from Saturday in early trading.
Anacostia Bonds Higher.
Anacostia & Potomac River Rail-
road guaranteed SIS sold at 1924 on
the Washington Stock Exchange to-
day on 81 900 turnover. This was
a gain OF Il point. The final bid
was 112. Very few of these high
priced bonds are offered for sale.
Other r,1ot afiope u,ora ,,r, ,,t;,,,l,,