correction of various unlawful and irregular methods and transactions. A number of defalcations have been discovered during the year as a result of this cooperation and the offenders duly brought to justice. NATIONAL BANK EXAMINATIONS. The Comptroller's Office included on October 31, 1917. a field force of 121 national bank examiners and 147 assistants, who are under the immediate supervision of 12 Chief Examiners, located in the 12 Federal reserve cities of Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Mo., Dallas, and San Francisco. The work of national bank examiners is being conducted with increased thoroughness and efficiency. A number of delicate and threatening situations have been dealt with during the past 12 months, various failures have been averted, and banks, which through neglect or violation of law or other irregularities on the part of the management had become involved, have been straightened out and strengthened and given a fresh start under improved and encouraging conditions. The national bank examiners were given instructions a year ago to have meetings called of the directors of each bank at the time of examination, and to read to the assembled directors a circular letter, setting forth and explaining the duties and responsibilities of national bank directors. This procedure has been productive of excellent results; bank directors generally have been thus aroused to a sense of their responsibility, and are now giving the banks under their supervision closer and more vigilant attention than ever before. The national banks have benefited greatly from the closer scrutiny and supervision by their directors, and the improved management is bearing fruit in the shape of increased earnings and reduced losses. The following is a list of national bank examiners in the service of this office on October 31, 1917: Federal Reserve District CHIEF EXAMINERS. No. 1-James D. Brennan, Boston, Mass. No. 2-William P. Malburn, New York, N. Y. SUPERVISING NATIONAL-BANK EXAMINER. Stephen L. Newnham, Washington, D. C. N. S. Bean. Manchester, N. H. First District. T. J. Goodwyn, Montpelier, Vt. BANK OFFICERS CONVICTED OF CRIMINAL VIOLATIONS OF LAW DURING THE YEAR ENDED OCTOBER 31, 1917. The following statement relating to officers and employees of national banks convicted of criminal violations of the national banking laws and sentenced during the year ended October 31, 1917, is submitted by the Department of Justice. Criminal cases under the national banking laws resulting in conviction during the year ending Oct. 31, 1917. Liberty National Bank, New York, N. Y. First National Bank, Poteau, Okla. First National Bank, Fort Lee, N. J.6. Cashier of this bank and one other, not an employee of bank, convicted. Convicted, no record of sentence. President and cashier of this bank convicted. President and vice president of this bank convicted. |