| Show BANKERS ARRANGING REGIONAL MEETINGS Studying New Legal and Economic Economic Economic Eco Eco- Conditions Affecting Bank Management STRESS PUBLIC OPI OPINION ION American Ban Association Sponsor of Meeting a. a Part of Nat Nationwide wide o Program of Banking Bank Bank- ing log Development PHILADELPHIA PHIA fifteen bun hull bankers from Crom o eastern tales states 01 met t Here bere in 10 January In a two day conference devoted to discus sloes on 00 legislative managerial op crating and public relations lens lean of or tho the banking banking business This was tras the Ural of or a 1 series of or meetings 1 planned by tho the American Bankers Banken Association In 10 Us Its nationwide program pro proW gram of or banking development an un ander under der the leadership of Ro Robert rt V V. V fi Fleming leming president of the tha tion Similar conferences will nill m be beheld beheld beheld held In southern and Altern sections sections sec sea Lions of the country It Is 18 tho the purpose of these workIng work In lag Ing confer conferences to bring to Lion tion members and other bankers a thorough knowledge of the changes in banking laws and rules rulea provide discussion of better belter public relations so 10 that there thero shall shah be greater co ee cooperation cooperation operation and understanding between be b tween the banker and his hie customers and to gl give e opportunity for a Ii survey of the problems incident to the GOY GOT Government s competition with our chartered t Institutions b he said To Help Government Quit Banking The discussions at the conference showed that the tha bankers are ready to make It easier for tor or the Government Govern Goern ment meat to relinquish many of it Us Its em emergency financial services ser as al soon as possible by demonstrating how their Institutions are ara able to render reader full fall banking facilities Bankers generally ba have bare 8 recognized reco recognised nize that In 10 times of emergency the Government had bad had to come to the assistance 11 tance of thIS the people where here chartered Institutions were re unable to do 10 so on account of or such luch condl Mr Fl Fleming Flaming said They Thel also realize that possibly many functions which the tha Government Is II perform performIng Lug Ing are ara of a nature which cannot bt be t handled dandled an tle 2 by chartered Institutions Institution under fundamental principles of or sound banking On the tha other hand nand he be said wa we 0 should survey sune all emergency lend lag Inc measures of or the thi Government to toju fudge ju go which of these activities can be properly and soundly taken over oer overby overby by auks The Tha attending bankers devoted time to considering the tha Banking Act of or 1 1925 1936 and the man many related regulations and discretionary powers pow era ers era under the tho Ht Federal la law tY These wore were explained by O. O Howard Wolfe of Philadelphia la who ho said ha he b had d found there thero are are tort forty places aln in intha inthe the tha act where provision is la s made mad for or discretionary power to ba bo exercised by government officials lh through rule rula or regulation Bank taxation was discussed by Charles H. H Mylander of or Columbus Ohio who declared that the tha avar- avar I ate art American Is la vitally interested in tn taxation wallon of 01 banks because solvency sol fanc volley vency may depend to a large larlo dort degree upon the tha way IlY In which the tax taxing In power Is II exercised exorcised upon them To prove prova hit his point ha he cited earn earnIngs Lags Ings which showed that IB in inthe the tha year ended June Juna XO 20 1984 liU Hear for fortha the tha United Jailed States Slates as al a whole bal national na na- lions banks bank used 1489 out of or each of or oat nit operating earnings b before be b. toro tore taxes luel In la payment of or taxes but bot butIn butla la In seven lenn of or the twelve Federal Ra- Ra serve sorva Districts the percentage of at earn earnings Inc used for Cor taxes tau was wu above aba the tha average It t was waa in practically these the same ame seven saven districts that the greatest number cumber of or bank failures occurred In those thoo hectic years yean from 1920 to 1933 As u an example of or how far taxation can go 10 ba be quoted official figures lurl showing shoring that In 1934 1984 a large larit number Dumber of or small state banks bank paid on the average of 01 every flOO of 01 operating op pro profits ta for Cor taxes Mr Air My Mylander Mylander Mylander lander urged that there be bi brought home bome to the tho average American the self self evident truth that banks d deal doal al alIn In log ing as they do only In Intangible property are not proper subjects for tor for property taxation that the true trot measure of or a banks bank's ability to pa pay taxes la Is s the earnings it can make |
