Evening star., 1942-12-21

Bank, is a member of the commit
tee and has given the problem
great deal of time.
The three Federal agencies have
agreed on a shortened. simplifled
and uniform call report form and
uniform earnings and dividend re-
port. The earnings and dividend
form agreed upon by the Federal
Deposit Insurance Corp. controller
of the currency and Board of Gov
ernors of the Federal Reserve Sys-
tenn will be used in obtaining re-
ports covering 1912. The condition
report form will be used with the
next bank call.
At the same time the committee
evolved condensed form of current
operating earnings report for the
use of banks which may desire to
report earnings data to their share
holders and others.
The condensed earnings and ex-
pense form includes provision for
interest on loans and interest on
securities together with earnings
from other current operations; also
the principal items of expense, such
as interest paid, salaries and wages
and other current operating ex-
penses.
The new forms will mean sub
stantial savings to the banks in time,
effort and expense.
Further Credit Decline Seen.
The monthly review of the Ma
tional Association of Credit Men
states that wholesalers accounts re-
ceivable have been averaging from
to 10 per cent below the level Of
last year. In the consumer credit
field the outstanding volume of
short term consumer obligations Is
now at the lowest point in decade,
and the continuance of consumer
debt reduction can be expected dur
ing 1943.
Civilian business volume in 1943,
influenced by price and rationing
controls and increase ALLEGATION into
military channels, will decline. But
the variations will be many, for
boom areas will be less noticeably
influenced, while other territories, in
which the wars influence Is not so
strong. will feel a -than-av-
erage decline.
1t is likely that construction will
drop to quarter or third below
the current years total because of
curbs on on-essential building, the
survey predicts.
Traction Bonds Lead Market.
Capital Traction 5s led trading on
the Washington Stock Exchange to-
day with $4,000 turnover at 1862,
unchanged
Washington Gas Light SIS pre-,
ferred opened with 20 and 30 share
lots selling at 1904, followed by five
more at 1o03s, new high of this
move. =
Capital Transit stock figured in
two sales, one at 25l2 and the other,
at 25A, close to the years high
mark. =
GU. Gockeler, a former Washing
ton banker and member OF the
exchange for the past Is years..
dropped in from Ventnor, N. j., was
asked to preside at end of the ses-
sion and put transactions through
so fast that no record was kept Of
them. He is here to attend the
Hamilton National Banks Christ
mas party at the Columbia Country
Club tonight. -
Agents Assist Service Men. -
Washington life insurance men ars
making special efforts to assist men
called into the service with their in
surance problems, showing soldiers.
and sailors how to arrange Govern,
ment allotments from their pay
how the Government will help them
keep their insurance in force, up to
$4,000, through loans. -
Service men, of course, have the
opportunity to buy $4,000 in life in-r
surance when they enter the services
great many doing so. But the
members of the District Life Under
writer's Association are trying to help,
the men with insurance they already
have in force and do not wish to-
lose. ss-
The companies have standard
forms for the men to fill out which
give all information needed, and
upon which all suggestions to the