Show ADJUSTING BANKING TO CHANGING NEEDS By Dy ROBERT v. v a FLEMING J Vice ice President If American merca Batik A Association BANKERS recognize that changing conditions require new methods of oC doing doing- business However it Is their responsibility to retain those essential es es- and sound financial principles principles S 4 s ples pies upon which I sk k this country was founded and has grown to be what is still the richest rr nation in the world rt Many of ot our dIr dif ties have 4 i arisen from lack of ot confidence and from Cram R. R v. v FLEMING standing Therefore Therefore There There- fore it behooves the tho banker to bend every effort to create a bettor better public understanding of sound banking and thereby bring about that united effort and cooperative spirit which will hasten hasten has has- ten tho the day of national recovery and restore to the banker the confidence of the public to which he Is entitled As an approach to the tho realization of this ideal bankers should carefully scrutinize every application for a loan to seo If It it Is bankable and If It it is not In bankable form then make further fur furS ther timer examination to see If It the loan can be made mado so In order that the uses of at credit may bo be stimulated Explaining Loan Factors to Wo We must not expect our customers to tobe tobe tobe be bankers and understand all tho the factor fac face tOrt ton which we must consider before granting a loan If It we find that a loan loanis if is not and cannot be made bankable then 1 I think we should take pains to explain to the apI applicant the reasons why it cannot bo be granted There are other measures which 1 J think It Important for the banker to undertake In order to eliminate the misunderstandings s which have arisen and overcome the sentiment which exists Under present conditions wo we have to operate under many laws and regulations and also watch what further fur tur- ther Cher legislation Is s being proposed which affects our methods of ot operation and I Imay may not be In the best Interest of the communities we ve serve Nowadays It seems at times Umes we must sit with a law book in one hand and a book of regulations regulations regula In the other in order to make certain certain certain tain we are discharging our dally daily duties and functioning strictly In accordance with the law All of this Is very trying trying try try- ing yet 1 I think In the end we shall become become become be be- come better bankers I believe belleve it is the duty of every banker today to endeavor to understand understand under under- stand the tho public he serves In addition to his daily dally duties trying as they are he should participate In the activities of his community so that with the fund of Information available to him he may be as helpful as possible In fn all public and civic matters |