Evening star., 1943-12-12

Assets Exceed S15,000,OO0
Assets Of the First Federal Savings
& Loan Association ON December !
reached SIS, 1872 800, which represents
an increase of $2965 ,686 for the
first IL months of the year, C. H.
Ellingson, executive vice president,
announced yesterday
! He also reported that the net in
crease in mortgage loans for the
same period amounted to s720, ,437.
Furthermore, the association in
vested total of nearly $1,000 900 in
| United States War Bonds during the
year.
The association experienced
healthy increase in savings and in
veStment funds and in the eXtenson
| of credit for the buying and re-
financing Of homes in Washington
and nearby territory.
| Mr.. Ellingson expects the increase
in assets for the full year will ex-
ceed S3,000O0O.
Bank Votes Regular, Extra.
Directors of the Lincoln National
Bank have declared the regular
semiannual dividend of $3.50 and
a special dividend of 81 so per share,
| it was announced yesterday by
Richard A. Norris, executive vice
president. Both dividends will be
paid on January l to stockholders
of record December IT.
Many New York banks are taking
action similar to that by Washing
ton banks and paying Christmas
bonuses in liberal amounts. Several
are paying IL per cent and others
5 per cent of yearly salaries. The
usual year-end dividends are also
being declared
John A. Reilly, president of the
Second National Bank and chair
man OF the District War Finance
Committee, already has completed
organization work for the huge jan
uary War bond drive. The cam
palgn will be more difficult than
the last drive AS efforts are to be
doubled to sell more bonds to indi-
viduals.
Mortgages Reveal Increases.
Recordings OF nonfarnl real estate
| mortgages during October totaled
1886. 600 600, highest aggregate for
any month this year and l per cent
above September. the Federal Home
Loan Bank Administration reported
yesterday. The October figure was
per cent ahead of October, 1912,
but IA per cent under the same
month in l94l.
| For the first 10 months OF l943
mortgage recordings reached S3,l76,-
| 100000 or per cent below the like
! 1912 period. the review added
Building and loan associations in
creased their mortgage activity by
per cent and those taken by ''indi-
viduals" rose - per cent. All other
classes of lenders showed declines
in comparison with 1912.
So far this year. the Home Loan
Bank report says, building and loan
associations have made 352 .632
loans. insurance companies, 1924;
banks and trust companies. 1851:
mutual savings banks, 81 ,9O6 indi-
viduals, 309,851; other mortgages,
1922, a total of 1,055 026.
Dickson Home Offices Filled.
Harry G. Meem, president of the
Board of Trustees of the John Dick
son Home, announced Yesterday the
election of Charles H. Doing as vice
president and Alfred H. Lawson as
trustee to fill the vacancies created
by the recent death of Arthur Peter,
| This home for old men is oper-
ated by the Washington Loan &
Trust Co. under a trust made bv
the late Henry Dickson in memory
of his father, after whom it is
named.
ABA Adds 343 New Members.
Recording the largest gain In
membership in decade. the Amer
lean Bankers Association added 343
new members in the three months
ending November 30, R. L. Domin-
ick, membership chairman, has an
ncunced. The gain in the same
period last year was only 100 banks.
Twenty-nine Virginia banks
joined 80 in North Carolina. and
three in West Virginia. Indiana
topped the list with 49 new men,
bers. ABA membership now totals
14,478 banks.
Foreclosures Continue Down.
The Federal Home Loan Bank
Administration reported yesterday