Evening star., 1951-11-07

s;: sssn ii H'15 tx. ns: ia: X
surance busi- e s%N ''1's
ness since 1925 Mr.. Link.
and has been associated with
the Prudential company since his
entrance in the field of under
writing.
He started his career in the
home Office of the District Agen-
cies Management Organization,
advancing to regional manager in
the Southeast area in 1914. In
1850 he requested assignment to
the field and assumed charge of
the Prudentials Rock Greek Park
district Office in July of that year.
His entire staff Of Al men quail
fed for attendance at a confer
ence held in New York by reason
of having led the Philadelphia,
Baltimore and Washington area
in production.
Bank Assets Listed.
Assets Of the nine national
banks and 10 non-national banks
in the District totaled $780,
100000 at the close of business
October 10, the Office of the Con-
troller of the Currency reported
today.
The breakdown was S773.Ol5 900
for national banks and S507 ,6O5,-
900 for non-national. The total
for the 19 banks showed a slight
gain over the October total of
$1,197, ,845, 900 last year. The 1851
assets also represented an increase
Of S47.891 900 over the total on
June 80 last.
Loans on October 10 totaled
1852 ,649 900 compared with s371,-
$4,000 on June 30 and 1896. 1866
900 on October 4, 1850. Loans on
real estate outstanding on October
10 totaled S120975.OOO against
$l17.345. 900 on June 80 and S115,-
$50 on October 4, 1850.
Demand deposits of the 10 banks
were $841. $4,000 on October 10.
This compared with a June 30
total of s805 ,867 900 and a total of
$786,869,0o0 on October 4, 1850.
Government and postal savings
deposits totaled 34,591 900 on Oc-
tober 10 against S42,79S, 900 on
June 80 and s30,839,O 900 for Octo-
Der year ago. The deposits
Tor the current report amounted
to $2l0,636,000 against s206 .314,-
600 and S2lO,066, 900 for the other
comparable dates.
Credit Control Report.
Savings and loan associations
throughout the country are CO.
operating vigorously in the pro-
gram for voluntary credit restraint
sponsored by the Federal Reserve
Board. the Home Loan Bank Board
reported today. The part of those
home finance institutions in the
anti-inf1ation drive on the real es-
tate front was reported by the
presidents of the II district Fed
eral Home Loan Banks at the end
OF their semiannual meeting with
the board.
The action of savings associa-
tions Is centered on Govern
ment-guaranteed loans on exist
ing houses, the terms of which are
not controlled by Federal regula-
ton, Chairman William K. Divers
Of the Home Loan Bank Board
explained. The objective is to as
sure that all such loans made con-
form to the pattern of Regulation
K Of the Federal Reserve Board,
restricting credits for new con-
struction. Compliance with the
spirit of this rule. Mr.. Divers said,
requires that no loan be made on
an existing one-to-four family
house which would bring the to-
tai debt on the property above
the limitation set by Regulation
x for new construction loans, or
above two-thirds of the value of
the house, whichever is the
greater.
Air Express Report.
Gross revenue of SAP 1853 on ga
523 shipments of airmail express
for the period of January -Septem-
ber, placed Washington 18th in
standing among the Is leading
cities in the country, the Air Ex-
press Division of the Railway Ex-
press Agency, Inc, announced to-
day. Baltimore, which ranked 22d
reported 64,789 shipments with
gross revenue of $685. ATT.
Arlington Bank to Open.
The First National Bank of Ar
lington will open for business
Saturday at 9 am. in temporary
quarters at Glebe road and North
Pershing drive, it was announced
yesterday The bank maintains
"open house" for friends and de-
positors Friday from 4 pm. te
9p.m.
The new bank has capital of
100000. surplus of 100000 and
undivided profits of 100000.
William T. Halliday, formerly
with the American Security and
Trust Co. has been elected presi-
dent; Randolph N. Earman, cash.
ier and L. Mccarthy Downs has
been named chairman of the
board. Other members of the
board include Burton B. Biggs
Thomas j. Broyhill, Gen. Jacob L
Devers (retireO, Herbert Good.
man, E. Carl Hengen, DIR. j. Ray.
mond B. Hutchinson, Lawrence o
Kenyon. Fred Schnider, Gen. Car
spaatz (retireO. Alden j. Towber.
man. Alfred w. Trueax, Free
Walker and Eugene M. Wiseman
j.