Evening star., 1953-10-25
Building, Loan Men
.ToLeaVe Thursday
For White Sulphur
By Donald B. HodIey

BY Donald B. Hodley
About 200 members and guests
of the District Building and
Loan League will leave here
Thursday afternoon by special
train for the leagues annual
convention at the Greenbrier,
White Sulphur Springs, w. Va.
Among speakers at the con-
vention. which will last through
Saturday. will be: Walter w.
McAllister, chairman of the
Federal Home Loan Bank
Board; Representative Broyhill.
Republican, of Virginia; o. K.
La Rogue, president of the Saw
ingS and Loan Institute, and
Ralph r. Crosby of Providence,
R. l., who has been nominated
for election as president of the
United States Savings and Loan
League at Chicago in November.
William H. Dyer, secretary Of
Perpetual Building Association,
who will complete a two-year
term as president of the league,
will welcome delegates at the
opening session Friday morning.
F. Wilson Camp, executive vice
president of the District Build
ing and Loan Association, will
give his annual report as league
secretary.
Mr.. Crosby will outline plans Of
the national organization at the
same session, and a panel on
savings and loan matters will
be led by Stephen C. Slipher.
staff vice president in charge Of
the Washington Office of the
United States League.
Area Problems on Aqendu
Mr.. Broyhill's address on
Saturday will deal with prob
lens of the Washington Metro
politan Area and suggested solu-
tionS. Because of his active in
terest in this field, his talk Is
expected to attract much atten-
ton.
Mr.. McAllister, also a Satur-
day speaker, will discuss admin
istration of the Federal Home
Loan System, of which savings
and loan institutions are men,
bers.
In the leagues annual election
of officers Saturday, Edward K.
Jones, secretary treasurer Of
the Interstate Building Associa-
ton, is expected to succeed Mr..
Dyer as league president. Mr..
Jones has served as league vice
president.
Joseph P. Burke, jr., secretary
of the Mutual Federal Savings
and Loan Association, who is
general convention chairman
this year, announced the an
nual golf tournament of the
league will be on Saturday after
noon. Raymond C. Williams,
president of the Northeast
Building Association. is program
chairman. Delegates and guests
will return next Sunday night.
Undivided Profits Climb
Undivided profits of 19 WASH
| ington banks and trust COM
panies totaled $l7,048,000 on
September 80, an increase Of
12.5 per cent since September 5,
1852, date of the fall bank call
last year.
A summary of the September
80 call from the controller of the
currency yesterday also showed
that surplus of $42.550,000 was
up 6 per cent and total capital
accounts of $86,828,000 were 5
per cent higher.
Commercial loans of $146, ,143,-
900 were up 1915 per cent, while
real estate loans of $130,825. 900
were down 0,4 of l per cent. To-
tai net loans. less valuation re-
serves, amounted to $434, $50 900,
an increase of 11.6 per cent.
Holdings of Federal obliga-
tions totaled $506, ,153, 900, a drop
of So per cent from year ago.
State and municipal obligations
of $25,795,000 were down only IA
per cent, but other securities Of
$2l, 10000 were 1873 per cent
lower. Currency and coin
amounted to $25, 1872 900, a gain
Of 10.6 per cent.
AS previously reported, depoS-
its of $l,206, $4,000 were down
81 per cent. Demand deposits
of $844,296,000 were down 2.7
per cent, while time deposits of
individuals, partnerships and
corporations were off only l per
cent. Federal deposits and
postal savings of $55, 5,312,0 900 were
up 1875 per cent.
Pledged assets stood at S127..
l3l 900, a rise of II per cent.
Commentators to Speak
-Four radio-TV commentators
Will discuss results of the Eisen-
hover administration at the
weekly luncheon of the WASH
ingtOn Advertising Club at Hotel
Statler Tuesday noon.
They will include Ron Coch-
ran, WTOP; Richard Harkness,
WNBW; Everett HOLES, WWDC,
and Bryson Rash. WMAL.
Dean Elmer L. Kayser of
George Washington University