Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07

regions have been created, he
His office is conducting a
broad survey among national
banks for suggestions to mod
ernize and improve the purely
mechanical phases of regula-
ton. Results are to be sum-
and legislation will be
drafted for presentation to
Congress next January, he said.
1t is hoped that members of
Congress will understand these
recommendations will be of a
non-political and non-contro-
versial nature, he added.
Speaking off the cuff in an
unScheduled appearance, Mr..
Faxon, who is a guest of the
convention. emphasized his Of
flee operates without political
interference of any kind.
Specialists Needed
Attenuation will cut down on
the routine jobs in banking,
but the need for specialists on
the staffs of the financial in
situations is growing rapidly,
reported M. Monroe Kindred,
vice president of the American
Bankers Association, in another
address.
Banking has been adding
about 10000 new employees
each year and about 80 per
cent of them have come di-
rectly from high school," he
declared.
Now with costs becoming.
more pronounced. the person.
mel area is one that we should
watch closely. We should try
to attract the best people we
possibly can.
LAS routine jobs are reduced,
employees are going to
have to carry more RESPONSE
bilities than did newcomers in
the past" he added.
I'VE are just starting to test
the water as far as automa-
ton is concerned. The check
handling function is usually
the first area where automa-
ton is applied, but there are
other areas which can be auto
mated if volume permits.
Trust divisions will be able
to record stakeholder informa-
ton on magnetic tape and have
checks prepared auto
matically. Some banks have
started to put savings accounts
under electronic data process
ing"
ALB Chapter Grows
Washington Chapter, Ameri-
can Institute of Banking, had
enrollments of LII in the last
year, a decrease of 3 per cent
from last years record of 1,155,
the bankers were told by John
w. Crutchfield Of Riggs Ma
tional Bank, outgoing chapter
president.
However, branch classes in
the Maryland and Virginia
suburbs increased 6 per cent
in the year, he declared. After
only three years of operations,
suburban classes have mush-
roomed to 200 students and
have become an important part
of the chapters educational
program, he declared.
Chapter membership reached
a new all-time peak of 1,214 in
the last year, he added.
At the end of the first ses-
sion, Mr.. Willett appointed
Robert v. Fleming, board chair
man of Riggs National. as
chairman of the nominations
and Robert C. Baker,
president of American Secur-
lty & Trust, as chairman of
+ he resolutions committee.
Both groups will report Sat-
urday.
Mr.. Fleming's committee will
include Linwood P. Harrell,
president of Union Trust Co.,
rs vice chairman; Thomas J.
Groom, president and board
chairman. Bank Of Commerce,
and Lanier P. McLachlen,
b a d chairman, McLachlen
Banking Corp.
Mr.. Bakers committee will
include: Francis G.. Addison,
jr., board chairman of Secur-
Ity Bank. as vice chairman;
Barnum L. Cotton, president,
Bank of Washington;
A. Norris, president,
Riggs, and A. Scott Offutt,
president and board chairman,
First National of Washington.