Evening star., 1942-04-19
Jump Revealed
In Building,
Loan Assets
CopitoI Associations
Report sl73,lA,SSl
TotoI for March 81
By EDWARD c. STONE.

By EDWARD L. STONE.
Assets Of Washington's buildins
and loan associations amounted 4
ti73.i44.ssl on March 81. r. Willsor
Camp. secretary OF the District oi
Columbia Building and Loan League
stated yesterday In his monthly re-
port. This was a gain of s12.827,11l
over the comparable period a year
ago and a slight increase over the
preceding month.
Real estate loans In the IL months
were up si3.342,74s. rising from
4a.6T7,74i last year to sl63 ,o2o. .489.
On the other side of the ledger
Mr., Camp reported a gain OF s7.885,
1873 In share accounts. total oi
si5o,045. TAO. comparing with $l42,-
i6o.s77 in March, le4l.
Mortgage activity revealed an ex-
pected decline. principally in ad-
vances for construction. However
March was a fairly active month
with mortgage loans totaling $685.
TAT being approved.
Numerous investment accounts
opened during the month were off
set by close-outs. as many of the
associations are patriotically urging
liberal purchases OF war bonds and
stamps, the report said.
Time Deposits Up Sharply.
The Capitals % active banks held
time deposits OF 1929, ,79l 900 on April
4. date OF the controllers recent
condition call, against 1924. .32i 900 on
April 4 a year ago. q sharp increase
Of $50 100000
Time deposits on April aggre-
gated si25 .299 ,000 against sl25,-
$1,000 on December 81 and $l23,-
oei 900 on April 4 a year ago, Saw
ings deposits scored no such In
creases as did the demand deposits,
the controller of the currency re-
ported yesterday.
The % banks reported aggregate
deposits Of all kinds as s502, ,755 600
on April 4, compared with s495, ,554,-
900 three months ago and $685.
$4,000 q year ago. The banks had
q surplus Of SIG, e,45i 900 on the last
call date; undivided profits of So
l2l 900, and reserve of 1000
NIL well ahead Of the same date a
year ago.
Assets stood at 1854 .e2e 900 on
April 4, $54s, ,044. 900 on December 81
and $487 ,556, 900 on April 4, le4l.
the review stated.
Auditors Gather Thursday.
The auditors section OF the Dis
trict Bankers Association viii send
an extra large delegation to the
tenth annual regional conference of
the National Association of Bank
Auditors and Controllers, which
opens a three-day session in Phila-
delphia Thursday. A program of
great value in wartime has been
prepared
The Washington delegates will in
clude Lewis E. Thomas. Liberty Ma
tional Bank, chairman of the local
auditors section: James G. Elgin,
W. B. Hibbs g. Co, secretary treas
urer: Ernest r. Wilson. Bank OF
Commerce a. Savings; Arthur J.
Linn, Hamilton National: William
H. Harris. Lincoln National: c. G.
Guertler, McLachlen Bank: Louis X.
Lynn. Morris Plan. RAYMOND G..
Marx and d. d. Whitcraft, Riggs
National; II. Norman Glasco and
j. Edward White, Union Trust /;
Harry L. Downey, Washington Loan
g. Trust.
As previously announced, John A.
Reilly, president OF the Second Ma
tional, and Arthur j. Linn, con-
troller OF the Hamilton National, are
headline speakers on Fridays pro-
gram.
Woman Director Appointed.
Miss Marion E. Poole, Washing
ton attorney. has been appointed a
director of the First Federal Saw
ings and Loan Association, and Sef-
ton Darr, also an attorney, has been
made general counsel, President A.
e. Giegengack announced yesterday
First Federal officials believe this
Ia the first time that any financial
institution in the Capital has placed
q woman on the board of directors.
A graduate of National University,
Miss Poole la member of the bar
OF the Supreme Court, United States
Court Of Appeals and United States
District Court for the District Of
Columbia. She is active in the
women's Bar Association, Kappa
Beta Pi Legal Sorority and other
organizations.
Mr.. Darr is q lifelong resident
OF Washington. graduate of the
Georgetown Law School, past presi-
dent of the District of Columbia
Bar Association, and has done much
civic work.
Bankers Plan 1s42 Conclave.
Officers of the District of Colum-
bia Bankers Association and Con-
vention Committee chairmen for
the 1912 convention are passing the
week end at Blue Ridge Rod and
Gun Club near Harpers Ferry
where final plans for the annual
conclave at the Columbia Country
Club, May IS, Is, 81, are being made.
The group consists of r. Stanley
Holland, president of the asSocia-
tion; Bruce Baird, general conven-
tion chairman; John A. Reilly, A
S, Offutt and Sidney F. Tahaferro,
vice presidents; A. S. Galley. treas
urer. Donald w. Larson. secretary
A NJ. McLachlen, chairman Program
Committee; F. E. Robey. chairman
entertainment; John Saul. chair.
man. transportation: Stanley D
Willis, chairman. hotel; w. T Van.
doren, chairman, sports. and H. T
BlSselle, chairman, publicity.
Loan Leaders End Conciave.
Clarence E. Kefauver, executive
vice president of Columbia Fedora
Savings and Loan Association anc
director of the Southeastern group
Unitd States Savings and Loar
League, made the final address Il
tSee ASSETS, Page C-e)