Evening star., 1948-09-22
District Bank Assets
Gain S21,599,000 in
Week Ended Sept. IS
By Nelson M. Shepard

Total assets of Washington II
member banks increased by S2l,-
. 599, 900 in the week ended September
is compared with week earlier, the
Federal Reserve Bank of Richmond
reported today.
A total of 1891 SOC, 900 in assets
was reported for the member banks
here. Loans of Washington banks
totaled $3.50 STA 900 for the report
ing week, an increase of $494 900.
Real estate loans of $78, ,463. 600 re-
vealed an increase of $287,000, but
time deposits, totaling S181 $40 900,
were $l46,000 under week earlier.
For the Fifth Reserve district the
total assets of $3,659. .576 900 repre-
sented an increase of 500 1923 900 over
the total for the week ended Sep
tember 8 and we're $34,979 above the
comparative figure for year ago.
Dividends Announced.
Directors of the Washington Gas
Light Co. today declared regular
quarterly dividend of s1.121a a
share on the outstanding 10000
shares of $3.50 cumulative con-
vertible preferred stock. Payment
will be made November 10 to stock
holders of record October 25. They
also declared the usual quarterly
dividend of S1.06i4 a share on
10000 outstanding shares OF s4.25
cumulative preferred stock, payable
November 10 to stockholders OF rec
ord October 25.
The company likewise declared a
dividend TO 37l2 cents a share on
common stock outstanding as of Oc-
tober 20. payable November l to
stockholders of record october 20.
Directors of the Bank OF Com
merce and Savings have declared the
usual quarterly dividend OF $3.50 a
share, payable September 80 toI
stockholders of record September 20,
Thomas j. Groom, president, an
nounced after the monthly meeting.
The American Security & Trust
Co. also has voted regular quarterly
dividend OF ga per cent per share
on capital stock, Daniel w. Bell,
president, announced. Payment will
DC UldQC oCIUUtl o W SloShiAOANSAo .
OF record September 80,
Two more local banks are plan
ming Improvements this taIl-the
City Bank and the Security and
Savings Bank.
City Bank Will erect new branch
building, its sixth, in the Southeast
section, at 3039 Minnesota avenue.
The bank already is in the midst OF
rebuilding its branch in the 900
block of Pennsylvania avenue NV,
and this is expected to be completed
in April Clarence F. Burton, presl-
dent, said the proposed Southeast
branch viii be one-story, air-condi-
toned building with parking lot.
Application has been filed for a
permit to remodel the second floor OF
the building of the Security & Saw
ings Bank into space for the ac-
counting and bookkeeping depart
ments, F. G.. Addison, jr., president,
said today. About 5000 square feet
OF the second floor of the building
will be used by the two departments,
the bank taking over about one-half
OF the floor.
Bank Women Meet.
About 300 bank women of Wash
ington Chapter, American Institute
of Banking, attended last nights
education dinner meeting at the
Mayfower Hotel. They heard an
address by Miss Virginia Valentine,
an officer of the State Planters
Bank & Trust Co. of Richmond, Va.
Scholarship prizes were awarded
TO Miss M. Patricia McShane of
Suburban National Bank and Miss
Jean c. Maddox of Riggs National
Bank. Miss Leona E. Draeger, pres
ident of the Bank Women's Club, |
presented its prize to Miss Maddox.
Graduation certificates were pre-
sented as follows: Pre-standard
course, Miss Eileen M. Ready. Lib
erty National Bank; Mrs. Virginia L.
Orndorff, Old Dominion Bank; Mrs.
Ingrid NJ Vincent and Mrs. Ethel
Selby Miller, American Security &
Trust Co.; Miss McShane, Subur-
ban National Bank; Miss Mildred
v. Hatton and. Miss Margaret l..
fitzpatrick, Second National Bank.
Standard course: Miss Mildred P.
Hicks and Mrs. Maddox of Riggs