Show ADJUSTING BANKING bankier TO CHANGING NEEDS by ROBERT V FLEMING vice president Aine american rican bankers baaken association DANKERS ANKERS recognize that changing conditions require now met methods hb ot of doing business however it is their responsibility lity to retain those essential and sound financial principles upon f I 1 11 I 1 t I 1 which this I 1 i country was ne I 1 1 founded fol an and d has grown to ha be what Is still the richest na t ci n in the bf any of our d I 1 f f I 1 curties R V FLEMING have arisen from lack ot of confidence and from ni misunderstanding sunder standing therefore it ft ie he hooves the banker to bond bend every effort to create a better public un der standing ferstanding of sound banking and thereby bring brine about that united effort and cooperative spirit which will hasten the day of 0 national recovery 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 scrutinize every application tor for a loan to see it it Is 13 bankable and it it Is not in bankable form then make further examination to see it if the loan can be made so in order to stimulate use ot of credit explaining loan factors to customers customer we must not expect our customers custo mern to be bankers and understand all the factors which we must consider before granting a loan it we find that a loan Is not and cannot be made bankable then I 1 think we should take pains to explain the reasons why it cannot be granted there are other measures which I 1 think it important tor for the banker to undertake in order to eliminate the misunderstandings which have arisen and overcome the sentiment which exists under present conditions we have to operate under many laws and regulations and also watch what further legislation Is being proposed which affects our methods ot or operation and may not ti be in the best beat interest ot of the cote I 1 muni ties we serve nowadays it seems at times we must sit with a 1 law book in one hand band and a book i ot of regulations in the other in order to make certain we are discharging our dally daily duties and functioning strictly in accordance with the law all ot of this Is very trying yet I 1 think in the end we shall become better bankers I 1 believe it Is the duty ot of every banker today to endeavor to understand the public he serves in addition to his daily duties trying as they are he should participate in the activities ot of his community so BO that with the fund of 0 information available to him he may be as helpful as possible |