| Show CHECK CREDIT information TO BE COLLECTED FOR NATIONAL BANK EXAMINERS system to be installed expected to be a check on the borrowings which will make it extremely hazardous for the dishonest individual washington A tentative system of 0 collecting credit information tor for the benefit ol of the national bank ex with ith the compilation and checking ap up of the commitments ol of large local and extended borrowers has been formulated by a committee of 0 examiners who have been meeting at the treasury department every examiner hereafter hei eatter will keep tor for his own use a complete lie file of all ah largo large and extended borrowers in hla his district which list will be sent to the treasury department for summarize sum mariz lz ing the machinery available by the comptroller of the currency will be put to work to gather such credit in formation as can be obtained from national banks and from state banks and trust companies located in states where there is already operation cooperation co between the federal and state bank ing officials the examiners will not divulge the name of the bank where a line of the credit la is found of an extended borrower their special reports giving the total only of the loans listed these lists are entirely confidential it Is expected that the knowledge that a hundred or more men will be keeping it a constant check on the borrowings will make it extremely haz aldous for the dishonest individual firm or corporation to get money from the national banks |
