Victory worker. [volume] (Seattle, Wash.) 1942-1943, 1943-01-01
Bank Arranges Hours
For Shipworkers

"Cashing of paychecks without
charge and keeping open Friday
evenings particularly for the con-
venience of war workers, has prov
en- a popular step at the Washing
ton Mutual Savings Bank" says
Dietrich Schmitz, president of the
Northwest's Oldest and largest
savings institution.
Thousands of men and women
have taken advantage of the
banks late closing to get their
paychecks cashed, to make de-
posits, and to use other bank
services" he added.
"A complete banking service is
available at Washington Mutual
for shipyard and other war work.
ers and their families, on Fri
day evenings, he explained. The
bank is open Fridays from 10
o'clock in the morning until Z
o'clock in the evening especially
for the convenience of working
people.
During regular banking hours
on other days of the week, and
until Z o'clock in the evening on
Friday, working people can get
their paychecks cashed without
charge, can make deposits or
Withdrawals from their accounts,
buy War Bonds, arrange for home
loans, and use other bank services.
Another Washington Mutual
service which is proving popular
with working people is the Bank
by-Mail service. Men and women
who use it can make deposits or
Withdrawals without going to the
bank. A special Banking-by-Mail
envelope simplifies banking-by-
mail. The plan saves time, tires,
and gasoline, and cuts down on
trips on crowded city busses,
Schmitz said, and for that reason
is being used increasingly.
Washington Mutual Savings
Bank is the oldest and largest
savings institution north of San
Francisco and west of Cleveland.
Total resources of the bank at the
close of 1912, Schmitz reported,
were in excess of SSS, 100000. The
bank is currently serving a total
of 107,550 dpositors. Interest
payments to depositors since the
bank was funded SO years ago to-
tai $50, $685. OO.
Payment of $4,000 interest
on January / to Washington Nut
ual Savings Bank depositors was
recently authorized by the banks
Board of Trustees. 1t was the
banks one hundred sixth semi
annual interest payment to depos-
itors and represents earnings at
the annual rate of 2 per cent,
Schmitz said
1.-THE bank showed an increase in
deposits of 81 million dollars in
1912" Schnitz said. Against this
the Banks investment in United
Government bonds has
been increased zy $11, 100000. The
bank has also been instrumental"
he said. lin selling $9,167 400
worth of War Bonds to 1880 in
dividual purchasers"
During the year the bank in
stituted special banking hours for
war workers. Both the main Of
flee at Second Avenue and Spring
Street and the Coolidge Branch at
1924 Westlake remain open Fri
days from 10 am, until pm.
This service, has been widely used
since it was started seven months
ago, $4,000 customers having TAX
en- advantage of the late Friday
closing"
Trustees of the bank are: Thorn
as Balmer, Vice-President Great
Northern Railway Company; S. L.
Barnes, Manufacturer; Roy E.
Executive VicePresident
Arden Farms Co.; Thomas r. Cole,
of Education at the Uni
versity of Washington; Willis S.
barrow, Vice-President; G. l.. Egt-
vedt, Chairman Boeing Airplane
Co.. Keith G.. Fisken, Seattle Cedar
Lumber Mfg. Co; Stuart c. Fraz-
er, Executive Vice-President
John NJ. Moran, Moran Manufac-
turing Company; Claude A. Phil
prick, Vice-President Seattle First
National Bank; Paul Pigott, Pres
dent Pacific Car and Foundry
Co.; VIM. l.. Rhodes, President
Rhodes Bros. Co.; Volney Rich
nond, President Northern Com
n err C al Company; Dietrich
Schmitz, President; w. V. Tanner,
lawyer, Tanner, Garvin and Ash
ey.