Evening star., 1952-08-18

tion," Mr.. Dela- Mr' Delano.
no reported.
On the whole the report indi.
Gated a slower economic tempo
during 1851 than in the preceding
year, yet most figures continued
to grow.
Resources Of the national banks
totaled $103 billion. Total deposits
increased almost SIS billion, from
$685. billion to $94.4 billion. The
greater part Of this rise was due
to 10 per cent increase in the
volume of loans. More than 7C
per cent Of the increase took place
in commercial and industrial
loans, which rose more than II
per cent, from $13.4 billion to $751;
billion. Real estate loans increased
moderately and consumer loans
remained steady at $4.4 billion.
The shift of emphasis in ma
tional bank activities from invest
ment in Federal securities to
furnishing credit for industry and
commerce continued through the
year but less rapidly. The total
Of Federal securities held by them
sank slightly, from $35.7 billion to
1852 billion. But their relative
value shrank more than the actual
decrease would indicate because
other values increased.
r~-:AoH c%a..oAx.~n H~:~z
The report said the capital
structure of national banks con-
tinued it's steady rise, increasing
from $6.3 billion to $6.7 billion.
Reserves rose from 1888 million to
$470 million and now constitute
about ~ per cent of the gross
loans of the system. This added
up to a total capital of ST. billion
for national banks.
Mr.. Delano commented that the
inflationary pressures developed
during the previous year abated
in 1851, despite an enormous
amount of capital diverted to ma
tional defense production. While
the level of wholesale prices re-
ceded, the cost of living rose" and
probably would have risen fur
ther," he said, "but for an un-
precedented volume of income
savings by Americans"
In the District total assets Of all
classes of banks was 1,347 ,525, 900
at the end of the year. The break
down was $816, 6,379, 900 for national
banks and 531,146,000 for non
national.
Air Express Celebration.
The Air Express Division OF the
Railway Express Agency and 81
scheduled airlines will celebrate
the 25th anniversary of air ex-
press service on September l.
General Manager P. H. Cum
mings said today.
Air express has made great
strides in the last Is years IN
keeping pace with the air trans
port industry. In 1928, the first
full year of operation, air express
shipments totaled 1900. In 1851
they totaled 4.3 million with q
revenue of about $50 million COM
pared with more than 1900 cities
and towns which have direct all
express service now. there were
only 26 cities when the service
started.
George Lyman, with offices In
the Riggs National Bank Build
ing, has qualified for the Farm
Bureau Insurance Companies
Challenger Cup. an honor accord
ed outstanding agents. He was
one of the first rs of the COM
panies' 3,100 agents to qualify.
David kaufman, jr, president
of the Kaufman Washington Co.,
has announced the appointment
of his company as distributor tor
Raytheon television and radio in
this area. The new 1853 lines will
be introduced Wednesday at
showing at the Hamilton Hotel.
Motor Courts Boom.
Business is booming in motor
courts along the Nations high
ways and banks in many COM
munities find them good busi-
ness asset. About 10000 courts
are expected to gross between a
quarter and a half billion dollars
from tourists this year, Engineer
ing News Record says. New
courts under construction cost UP
to $50O,000 and usually include
restaurants and laundries. This
makes the average cost about
$4,000 a rental unit.
John A. Bard, president OF
Washington Chapter, National
Association of Cost Accountants
will meet with the directors Wed
nesday at the Willard Hotel al
1880 pm.
Four Qualify for Club.
-Four members of the Washing
ton District Sales Office force o1
the Aluminium Co. Of America were
honored Friday night at the Con-
gressional Country Club. after
qualifying for the company's 25-
Year-Club.
They are Robert A. Learned
District sales manager, who quail
fled on that date: Dixon Lewis
conductor sales engineer, eligible
on June /; Ned o. Kraft, special
ist in technical services to All
Force and Army, who followed or
July Is. and Harlow C. McChord
assistant district manager. WHIT
entered the club August !.
A recent graduate of the Schoo
of Financial Public Relations wa
Robert M. Lyon, assistant vic
president and public relations OF
ficer Of the Bank of Commerce AM
Savings. The school is sponsorel
in conjunction with Northwestern
University Mr.. Lyon has beel
with the bank since l945. He l
also q graduate of Washington
Chapter. American Institute o
Banking and the Graduate Schoo
of Banking sponsored by tn