Evening star., 1952-09-29

employees II q
officers of the Mr.. Dyer.
District building and loan asso-
Citations. Last year achievement
awards or diplomas were issued
to 88 men and women who COM
pleted the course and the num-
Der of graduates now is in the
hundreds.
Mr.. Dyer is secretary of the
Perpetual Building Association
and president of the District
Building and Loan League. He
was among the first to see the
real need of such training courses.
In organizing Washington Chap
ter. he was aided by a group con-
sisting of F. Wilson Camp. exec
utive vice president of the District
Building and Loan Association;
Julius A. Maedel, secretary of the
Washington Permanent Building
Association. and R. Edward Early,
secretary of the Eastern Building
and Loan Association. Their eff
forts were successful from the
start.
Courses Outlined.
Glasses will be held in rooms
provided by the Columbia Fed
eral Savings and Loan Associa-
tion and the District Title Insur-
ance Co. Instruction will be given
this year in a variety of subjects.
such as savings and loan prin-
cipleS, effective business writing,
teller training, and real estate
law. The institute also arranges
a number of social events for the
students, including June gradua-
ton dinner and dance. A cere-
mony marking the Goth ami
versary is planned for this
occasion.
The chapter announced the
following faculty for the 1928
session: Raymond C. Williams,
William H. Rippard, j. George
Gately, Josephine Hedges Ewalt
and Wilbur N. Baughman.
National Banks Profits Up.
The nearly 5000 national banks
in the United States and posses
Sions marked up gains in net
profits for the first half of 1852.
Preston Delano, controller of
the currency, reporting today,
counted net operating earnings OF
$532 million for the first six
months. That is a $50 million in
crease over the like period of 1851.
The banks, down 81 to 1882
since June 81, 1851, made their
increased net earnings on gross
revenue of $1,319 million. This
was up $131 million from the first
six months of 1851.
The June report said the prin-
cipal item of operating earnings
was $735 million from interest
and discount on loans, up sol mil
lion from the first half ol last
year. Another $500 million came
from interest on Government OBJ
legations and $50 million from
interest and dividends on other
securities. This $3.50 million was
an increase of $29 million over
the 1851 period.
The principal operating ex-
penSes were $715 million for sal
aries and wages and fees paid to
directors. This was a $34 million
increase. There also was a $22
million increase in interest paid
on time and savings deposits, the
total coming to $126 million for
the 1852 period.
Net profit before dividends was
$279 million, compared with $257
million for the first half of 1851
A total of $126 million was paid
out in stock dividends, or 3.73 per
cent Of average capital funds
First half dividends in 1851 came
to $115 million. or 3.59 per cent.
Store Sales Decline.
Washington department store
sales during August were 2.6 pei
cent under August, 1851, the Fed
eral Reserve Bank of Richmond
period. In the fifth district as
a whole. sales were 4.8 per cent
higher than a year ago. For the
first eight months of this year
local sales were 1.6 per cent under
the same period a year ago.
20 Attend ABA Meeting.
A delegation of more than 20
executives from IA Washington
banks are attending the 18th an
nual convention of the American
Bankers Association in Atlantic
City, N. j. Reports from the con-
vention said that ABA mem
bership had increased by 81 banks
and branches during the past veal
to bring the total to 1870.
Reporting on organization, T. ]
O'Brien, chairman of the commit
tee, said the membership now in.
cludes SO per cent of the banks In
the United States and more thar
SO per cent of the Nations bank.
ing resources. Mr.. O'Brien is vice
president of the Second Nationa
Bank of Houston, Tex.
Sunday was devoted to recep.
tions and recreation. with toda,
scheduled for the annual meetins
of the four ABA divisions-th.
State bank, national bank, saw
ings and mortgages, and trust. c
Francis Cooke of Roanoke, Va.
ABA president, will give his key
note address tomorrow at the gen
eral session.
Women Bankers Meet.
The Bank Women's Club O
Washington. Miss Kate Miriam
Fort, president, held it's regula
monthly meeting Friday night
A feature was a shower of gift
for the president, whose engage
ment was announced recently
Admitted as new member of tn
club was Mrs. Margaret Lanahan
q secretary Of the National Met
ropolitan Bank.
Thad c. Knight has been ap
pointed sales promotion manage
In the Washington area for tn
Central Fuel Co. For the las