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Eighth Annual Dinner Lebanon County Chapter American Institute of Banking LEBANON COUNTRY CLUB Friday, April 21. 1944 MENU GRAPEFRUIT ROLLS BUTTER FRIED CHICKEN NEW POTATOES PEAS CARROT and APPLE SALAD ICE CREAM COFFEE CAKE PROGRAM DINNER— 6:30 P. M. AMERICA IN VOCATION.......... Rev. Paul H. Sheffer Pastor, St. Luke’s Lutheran Church Schaefferstown, Pa. ENTERTAINMENT .. .Military Personnel Indiantown Gap GUEST S P E A K E R ........ Dr. Karl R. Bopp Research Director, Federal Reserve Bank Philadelphia, Pa. PRESIDING ...........................A. E. Warner President, Lebanon County Chapter American Institute of Banking DANCING TO VAL BASHORE and HIS ORCHESTRA Lebanon Connty rhapter Administration Officers A. E. Warner Preside»* F irst National Bank, Schaefferstown, Pa. Richard P. Zimmerman Vice Preside** North Side Bank, Lebanon, Pa. ___ M argaret Papson North Side Bank, Lebanon, Pa. Secretary Paul G. Spangler Treasurer Farm ers T rust Co., Lebanon, Pa. ---- o---BOARD O F GO VERNORS Robert D. Womer— 1944— Lebanon County T rust (X John B. Shenk— 1944— Peoples National Bank. K. Paul Fernsler— 1945— Peoples National Bank. Ira L. Kreider— 1945— Annville National Bank. John S. Mull— 1946—Lebanon National Bank. Ralph E. Speck — 1946—Jonestown Bank A T ru st Co. 7 z. ^ X ' <2.1 I q.HH From War to Peace with Banks X. Introduction: a^* A* We must know where we want to go 1» Alice and the Cheshire Puss* B. We must prepare to get there 1« Preparation must be proper a* Maglnot minds won^t help b* MHe might as well have et." 2« Preparation must bejquEapsx in time -not too little and too l*te a. Incident at an outpost b. What if Hitler surrendered tomorr< C. Unique position of banking 1. Enormous expansion during war U. 3* member banks (Billion #) fcoans 8c investments Governments Demand deposits December 31 1939 1943 54 14 26 74 53 53 Mot as large as shipbuilding, aircraft, but very large 2» Ho prespect of serious post-war decline• I. The American war record. A. The armed services B. Industry 1* Early mention of sacrifices 2 . Accompli shments "I see you are able to get beef" MYes, and we finds we likes it.” Industrial production for war and civilians Star 1932 1935-1939 ialy 1940 (»0 . 1943 Total 58 100 123 245 Civilian 58 100 War 75 170 0 . C. Finance from i to l/3 in taxes Ownership of U. S. Government Securities Amount held vec. 31,*43 kinks Jonbanks *Otal 72.1 96.6 168.7 Increase in holding 1943 1942 1941 24.6 32#5 57.1 23.4 24.4 47.8 4*1 9.3 13.4 XII. Problems of reconversion A. Demobilization B. Industrial reconversion 1* Moving gov*t work out of plants 2. Termination 3. Speedy settlement 4. Disposition of govt, property C. Long run problem 1. to achieve high level of productive employment Year Civilian Labor force 1932 1939 1942 194X 50.9 54 *6 54.5 57 «5 Employed Armed 37.3 44.2 51.9 55.5 .3 •4 4.2 1.9 Unemploy< 13.6 10.4 2.6 2.0 2• A war vs a peace economy : markets 3. Production creates markets the ‘’hitch” 4. Individual company approach problems or banks 1* Function of banks a* protect depositors b* extend credit where justified o. earn profits The 2. Volume and ownership of deposits a* Relation of individual bank to systei b* Individual peculiarities c* Analyze deposit ownership at your ba 3. Loan opportunities a* Agricultural loans b. Personal and instalment loans o. Merchant loans d* Industrial loans e. Utility company loans f. Transportation company loans 4* The capital problem a« Reserves against risks 5* Government bond and Investment policy a* Importance of maturity policy adjustment to individual needs higher rates 11just around the corner?"
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