Page:Economic Reform Policy by Envoy Dodge (Dodge Line).pdf/11

 GENERAL HEADQUARTERS FAR EAST COMMAND Public Information Office


 * Biography : Joseph M. Dodge, Financial Advisor to SCAP with the personal rank of Minister, who is scheduled to arrive at Haneda Tomorrow, Feb. 1, at about 5 p.m.

President, The Detroit Bank, Detroit, Mich. Born in Detroit, began banking career as bank messenger 1909 for Central Savings Bank, Appointed Assistant State Bank Examiner, State Bank Examiner, and Special Examiner for and Secretary of Michigan Securities Commission. Operating officer Bank of Detroit; taught classes for American Institute of Banking.

Aug. 10, 1932, appointed Vice President and Assistant to Chairman of Board of First National Bank Detroit, also Secretary of Governing Committee of Board of Directors, Ex-Officio member of all bank committees.

March 24, 1933, appointed Vice President of newly organized National Bank of Detroit. Prior to that retained by organizers and directors of new bank and authorized to select $131,000,000 of assets, which were purchased from Guardian National Bank of Commerce and First National Bank Detroit and taken over by National Bank of Detroit. Proceeds of these assets were used to make first payments to depositors of closed banks.

Assisted in setting up organization of National Bank of Detroit, supervised recording and handling of all purchased assets, and closed contracts with receivers at expiration dates.

Dec. 5, 1933, elected President and Director Detroit Savings Bank (oldest bank in Michigan, established 1849 and one of the oldest in US). Name of bank changed in January 1936 to Detroit Bank. In December 1933 banks total assets were about $60,000,000 and on June 30, 1948, these totals were about $550,000,000, with 347,000 depositing accounts.

President of Michigan Bankers' Association during 1944-45 association year; active for years on many of its committees; member of association of Reserve City Bankers, active on several of its committees, Chairman of Board of Trustees of Banking Research Association twice, and held other offices in this organizations [sic]; a Director of Federal Reserve Bank of Chicago from 1938 through 1944; and a member of Advisory Committee of Detroit Loan Agency for Reconstruction Finance Corporation since 1937.

Elected Vice President of American Bankers Association October 1946, and became President October 1947. Active on many committees for American Banker Association through the years.