Evening star., 1944-12-27
D. {. Bank Dividends
Near, Record Levels
Al Years Close
Bx EDWARD C. STONE,


Washington banks and trust COM
panies have declared regular year
end dividends and enough extras to
make one of the largest aggregate
totals on record. a survey discloses
Disbursements for the full year have
run as high as $40 share.
Chicials today reported one of the
best years in the history of these in
stitutions. While loans have dragged
seriously, the banks have had steady
and very large incomes from huge
sums now invested in United States
Government bonds.
The yield on Government Wal
Bonds is comparatively low, but the
amounts of funds so invested brings
in constantly increasing returns
The banks also report highly salts
factory incomes from trust depart
ments, service charges, safe deposit
rentals and real estate departments
Banks Help Finance War.
Many OF the substantial revenues
have been the direct result of efforts
to help finance the war through
bond purchases for their own port
folios and increased deposits through
the sale of War Bonds to the public
Three other vital services rendered
the Government have been the uni
versa1 cashing of checks for Federal
employees, ration banking activities
and redemption of War Bonds.
Banks in the Capital have sup
piled all the wartime credit request
ed and are ready to grant further
loans to industry and especially tc
veterans. AS deposits have reached
new peak levels. the banks have ey-
perienced steadily growing sup
ply of loanable funds, financiers
pointed out today.
Among banks in the Capital pay
Ing year-end dividends are the Ma
tional Capital, Bank of Washington
Liberty, Riggs. Lincoln, American
Security, Washington Loan. Union
Trust, Commerce g. Savings, Ma
tional Savings, Anacostia. City
Bank, Columbia, Hamilton, Metro
politan, Munsey Trust, Morris Plan
Second National, Security Savings
e., Commercial and McLachlen
Banking Corp.
French Civilians Get Funds.
The American Express Co. report
ed today that payments are being
made regularly of funds sent to lib
Grated sections of France The
Treasury authorized transmission of
such payments in November. per-
mitting a maximum of $500 per
household each month to be sent
through banking channels.
Henry II. Heimann, executive man.
ager of the National Association Of
Credit Men. says l945 will be year
of continuing increases in peacetlme
backlogs for normal goods and serv-
ices, continuing high taxation at war
levels. and diminishing profits ire
spective of the volume Of business.
The rate of earnings, however, will
be satisfactory, he predicts. Credit
will be adequate.
Haas Retires After IS Years.
Harry j. Haas, former president of
the American Bankers Association,
and a top Official in the First Ma
tional Bank of Philadelphia, will
retire on January / after 35 years
service. He has a lot OF friends
among Washington bankers who
point to his exceptional service in
the ABA
Thirty-three stocks registered new
1914 high marks on the New York
Stock Exchange yesterday. Wash
ington Gas common sold at 24I4
Southern Railways November
gross totaIed $2l l,785,751 VS.. $20:108,
678s a year ago, an increase Of ST.
677;o73 Net r. operating income
dropped from S3,240,80o in Novem-
Der, 1913, to $2,7l8,617.. -.s *