Evening star., 1948-10-06
District Bank Assets
Drop S10,048,000 in
Week Ending Sept. 29
By Nelson M. Shepard

oy I\SiSON W. SUepOT0
Assets totaling 1868 ,sl9 900 on
September % for Washington men,
Der banks of the Federal Reserve
System, $10,048.O00 less than the
week earlier. were disclosed today in
the weekly report of the Richmond
Reserve Bank.
The report fot the entire Fifth
District gave assets of S3553. .032 900
q total $18,43l 900 under the previous
week and s37 $4,000 less than re-
corded a year ago.
Washington's decline in weekly
assets compared with a decrease of
$4,464 900 for Baltimore member
banks and a decrease of $7,178000
reported for Richmond. Real estate
loans Of the Washington member
banks totaled $77.133,000 for the
week ended September 10, compared
with $7S,843 900 the week earlier.
Demand deposits Of $715,383 900,
compared with $727. $50, 900; time de-
posits of sl81 ,s53 900. compared with
s1S2.030000; debts to demand de-
posits of individuals, partnerships
and corporations amounted to $780,
677,000, compared with $l68,915,OOO.
Roper Is Elected.
sonn H. w. Roper, supervisor of
customer accounts of the Washing
ton Gas Light Co. today was elected
vice chairman of the accounting
section of the American Gas Asso-
citation at its 30th annual convention
in Atlantic City. N j. About 10000
delegates from the Nations gas COM
panies and appliance makers are in
attendance there through Friday.
Mr.. Roper has been active in the
national organiZa ton for number
of years and has been chairman OF
several of its important committees.
He is a native Washingtonian,
educated at Southeastern University
and associated with the Washington
Gas Light Co. since 194l. He is
member of the Board of Trade. a
past president of the Early Birds
Breakfast Club and a member Of
the Southern Football Ofhcials
Association.
The first presentation of the
Wilmer Memorial Award will be
made by the District of Columbia
Life Underwriters Association at the
seasons opening luncheon meeting
tomorrow at the Mayf1ower
A special committee each year will
select an insurance man or iayman
who is judged to have contributed
most of the cause of life insurance
in the Washington area. The 1947
winner, who will be divulged tomor-
row. was selected by a committee
headed by Vernon E. Holleman.
Wilmer Donated Trophy.
The silver trophy is made possible
by Morton H. Wilmer, who donated
1t in memory of his brother,
Bernard L.. former life underwater,
who died on active duty in World
War II.
Charles r. Suter. association pres
ident. will preside at the session.
There will be an address by Harry
s. Redeker, who will explain how
the Revenue Act of 1s48 affects in
Surance. He Is general counsel of
the Fidelity Life Insurance Co. OF
Philadelphia and well known in
District circles where he has spoken
before.
The Bank Of Commerce G Saw
ings, at its annual meeting of direc-
tors late yesterday, reelected the
following officers: Thomas J. Groom,
president; j. Sanders, vice presi-
dent; Francis E. Robey, vice presi-
dent and secretary; Thomas J. Nor
ris, cashier; John Monk, assistant
vice president: Ernest r. Wilson,
controller: George E. Cole, William
w. Silver, Frederick c. Loops, Rob-
ert M. Lyon and T. E. Elgin. assist
ant cashiers; Roberts E. Kendrick,
jr.. auditor.