The Investment Bankers' Association, The Investment Bankers' Association of Amer ica was organized in New York in 1912, °in order to promote the general welfare and in fluence of investment banks, or bankers, like wise banldng institutions operating bond de partments, and to secure uniformity of action, both in legislation and methods of handling securities.* *Any national or state bank, trust company or private banker, banking firm or corporation, in good standing, having a paid-in capital of $50,000 or more, which makes a pra'c tice of buying bonds or investment stocks, and publicly offers the same, as dealers therein* is eligible to membership, but °those who are ex clusively brokers* are not admitted.
The Association has headquarters at 111 West Monroe street, Chicago. A Bulletin of information is published frequently and the proceedings of the annual convention are printed. The associated activities of nearly 500 members are carried on through a board of governors which meets quarterly, through a secretary, a legal counsel and committees. The Association is prominent in legislation relating to the issuance, standardization and safeguard ing of securities and the improvement of the ethics of stock and bond trading. It has given special attention to raising the status of munic ipal and other bonds, and to reforms in methods of taxation.
Farm Mortgage Bankers' Association.— In May 1914 the Farm Mortgage Bankers' As sociation of America was organized. It has a membership of more than 150 farm mortgage firms operating in 25 agricultural States, rep resenting outstanding farm mortgages of more than $600,000,000. The offices of its secretary treasurer are at 112 West Adams street, Chi cago, where a quarterly Bulletin is published Its convention is held annually. Through a board of governors, committees and the secretary-treasurer, the organization is direct ing special efforts toward the standardization of mortgage forms and uniformity of practice among farm mortgage dealers.
Other Bankers' York State, Massachusetts and Connecticut have sav ings bank associations, while New York, New Jersey and Massachusetts have State-wide trust company associations. In Oklahoma and Kan sas the State banks have separate organizations. Bank examiners are organized into what is known as the National Association of the Su pervisors of State Banks; there is an Associa tion of Reserve City Bankers; bank credit men are organized into a Robert Morris Club; and there are numerous local associations of related banking interests, as well as clubs of city bank ers. The Bankers' Club of America has head quarters in the Equitable building in New York city and limits its resident membership to 1,500.