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Show Springviile Bank Joins tlational Research Group Springviile Banking Company has joined the NABAC Research Re-search Institute, which will conduct the first industrywide research of bank operating problems, F. C. Packard, president, presi-dent, announced today. The Institute, is a newly formed for-med division 'of the National Association of Bank Auditors and Comptrollers. Research targets tar-gets will include study of banking bank-ing services to meet customer needs, progress in automation, and solution of the many other problems of rising costs and efficient operations. Mr. Packard termed the project pro-ject "the most important ever undertaken" to assist banks in improving operations. "Banking, like most other industries, in-dustries, has been faced with rising costs," he explained. "Research should show us new cost cutting methods, enabling us to add new services to customers cus-tomers and still remain profitable." profit-able." NABAC, composed of representatives repre-sentatives from 5,200 member banks holding about 90 per cent of total bank resources in the U. S. was organized in 1924. The Institute was formed form-ed this year after a preliminary prelimin-ary study by the Armour Research Re-search Foundation of Illinois Institute of Technology found the need for such research "overwhelmingly demonstrated." |