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Show TO CHANGING NEEDS By ROBERT V. FLEMING Vice Prisident American Banktrt Association BANKERS recognize that changing chang-ing conditions require new methods meth-ods of doing business. However it is their responsibility respon-sibility to retain re-tain those essential es-sential and sound financial nrinciples upon which this country was founded and lias grown to be what ls still the richest na-t na-t i o n in the world. Many of our d i r r i cumes R. V. FLEMING haye arlgen from lack of confidence and from misunderstanding. Therefore It behooves be-hooves the banker to bend every effort to create a better public understanding un-derstanding of sound banking and thereby, bring about that united effort and cooperative spirit which will hasten the day of national recovery re-covery and restore to the banker the confidence of the public to which he is entitled. As an approach to the realization of this ideal, bankers should carefully care-fully scrutinize every application for a loan to see if it Is bankable and, if it is not in bankable form, then make further examination to see if the loan can be made so, in order to stimulate use of credit. Explaining Loan Factors to Customers - Wo Kfijt not expect our customers to be bankers and understand all the factors wich we must consider before granting a loan. If we find that a loan is nisi, and cannot be made, bankable, ten I think we should take pains tO explain the reasons rea-sons why it cannot begrauiSa.- There are other measures whicA I think it important for the banker to undertake in order to eliminate the misunderstandings which hare arisen and overcome the sentiment which exists. Under present conditions condi-tions we have to operate uider many laws and regulations, and also watch what further legislation is being proposed which affects our methods of operation and may not be In the best interest of the communities com-munities we serve. Nowaday it geemB at times we must sit with a law book In one hand and a book of regulations In the other in order to make certain we are discharging our daily duties and functioning strictly in accordance with the law. All of this is very trying, yet I think in the end we shall become better banker" |