Branch Banking in California

Series: Material prepared for the information of the Federal Reserve System

A history and statistical analysis of branch banking developments in California. The statistical series in this volume in most instances end with the year 1931.

The Federal Reserve Committee on Branch, Group, and Chain Banking was appointed by the Federal Reserve Board on February 26, 1930. The charge to the committee was "to assemble and digest information on branch banking as practiced in the United States and elsewhere, the unit banking system of the country, and the effect of ownership of bank stocks by investment trusts and holding corporations." Ten reports, a progress report and a summary report were completed by the committee. Committee members were E.A. Goldenweiser, Chairman, Director of Research and Statistics, Federal Reserve Board; Ira Clerk, Deputy Governor, Federal Reserve Bank of San Francisco; M.J. Fleming, Deputy Governor, Federal Reserve Bank of Cleveland; L.R. Rounds, Deputy Governor, Federal Reserve Bank of New York; and E.L. Smead, Chief, Division of Bank Operations, Federal Reserve Board. J.H. Riddle served as Executive Secretary and Director of Research.