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FEDERAL RESERVE BANK Of RICHMOND HEAD OFFICE Board of Governors of the Federal Reserve System ORGANIZATION CHART, JANUARY 1, 1955 HEAD OFFICE FEDERAL RESERVE BANK OF RICHMOND ORGANIZATION CHART, MAY 1. 1953 Board of Governors Of The Federal Reserve System I do set my bow in the cloud, and it shall be for a token of a covenant between me and the earth. And it shall come to pass when I bring a cloud over the earth that the bow shall be seen in the cloud. —Genesis 9,13&I4. THE RAINBOW IN THE SKY THE SONG OF HOPE Is it storming, on the mountains? Is it lowering on the plain? Is it misting on the lowlands? Is the tempest on the main? Arc the heavens in swirling darkness —by the lightning rent in twain ? Know, 0 Man, the sunshine will always come ogain. Is it dark within the spirit? Is the heart keen wrung with pain? Are your hopes all dead within you — all your efforts spent in vain? Are the bubbling wells of laughter dry from griefs incessant drain? Know, 0 Man > the sunshine will always come i 'Tis through trial ar\d endeavor strength of soul is only won. And the might of man is builded for the race that he must run. Let us hold what we have conquered; keep our 'scutcheon without stain, And know, 0 Man, the sunshine will always come again. Let us fight with faith and valor, let us fight w'M might and main, And we'll save from dire destruction what we've labored to maintain; Keep our spirits up with courage,for, 0 Mem, behold! on high The sign against the deluge, the rainbow in the sky! THE RAIMBCW IN THE SKY A . IHTRQDUCTION *2, 4 I f 4 ^ JJU\UL^M know; 0 mm %\t sunshyt wil typtf, ^ wan wesmsnme w ai- ft m y m ^v i 1 M voice i sovl is «ia^va-tolrf / fi g hfwi wwm r fen* es ^ -Hie ll 'll oor i YnwIrJYnwIrJ off Ynon 15 5 buil^^f -for -Hoe, race^ 5av<s -wornddire ddes—fruc+ioy»,lwhQrwfiV6 la-bo hold what v/6 hav^e con- QUensd> 6 p i r - i + i Up Up wi-fh courage., ge., 6pi 1 1 hJ know. 0 The 5i^r> «3«ams++he will J'J 'h •! al- T I Carl Fischer, Inc. New York. http://fraser.stlouisfed.org/ No. 104 - 12 lines. Federal Reserve Bank of St. Louis he +0 behold? 1 T OYI-I&~ r fghf wi-ffi wghf mi OU, ,,^{ Directory FEDERAL RESERVE BANK OF RICHMOND BALTIMORE - RICHMOND G05 - CHARLOTTE RECEIVED DEC * 1S64 COMMITTEE CN THE HISTORY OF THE FEDERAL RESERVE SYSTEM August 1954 TABLE OF CONTENTS Page DIRECTORS AND OFFICERS 2 RICHMOND BALTIMORE ~~ 4 CHARLOTTE 5 DEPARTMENTS AND PRINCIPAL OPERATIONS RICHMOND Accounting, Bank Accounts, Telegraph and Switching Center 6 Auditing 7 Bank and Public Relations 7 Building and Equipment, General Service, Printing and Supplies 7 Discount and Credit 8 Examining .. Fiscal Agency, Securities, Tabulating 8 — 9 Legal 10 Money, Protection 10 Noncash Collection, Transit 10 . Personnel, Cafeteria . 11 Planning 11 Research „_ Research—Open Market 11 . 11 BALTIMORE 12 CHARLOTTE 15 INDEX „ 18 DIRECTORY of the FEDERAL RESERVE BANK OF RICHMOND * * * HEAD OFFICE Ninth and Franklin Streets Mailing Address Federal Reserve Bank of Richmond Richmond 13, Virginia Telephone 2-7271 BALTIMORE B R A N C H CHARLOTTE BRANCH Calvert and Lexington Streets South Tryon and Second Streets Mailing Address Mailing Address Baltimore Branch Federal Reserve Bank Baltimore 3, Maryland Charlotte Branch Federal Reserve Bank Charlotte 1, North Carolina Telephone LExington 9-6552 Telephone 5-6055 F E D E R A L RESERVE BANK OF R I C H M O N D * * * DIRECTORS JOHN B. WOODWARD, JR., Chairman of the Board and Federal Reserve Agent W. G. WYSOR, Deputy Chairman of the Board Class A JAMES D. HARRISON, President, First National Bank, Baltimore, Md. S. JOHNSON, Investment Counselor, Peoples Savings Bank & Trust Company, Wilmington, N. C. WARREN A. SYDENSTRICKER, Executive Vice President, First National Bank in Marlinton, Marlinton, W. Va. JOHN Class B EDWIN HYDE, President, Miller & Rhoads, Inc., Richmond, Va. H. L. RUST, JR., President, H. L. Rust Company, Washington, D. C. A. L. SIBLEY, Vice President and Treasurer, Monarch Mills, Union, S. C. WM. Class C G. DECKER, JR., Vice President, The Black and Decker Manufacturing Company, Towson, Md. ALONZO B. WOODWARD, JR., Chairman of the Board, Newport News Shipbuilding and Dry Dock Company, Newport News, Va. JOHN W. G. WYSOR, Management Counsel, Southern States Cooperative, Inc., Richmond, Va. F E D E R A L RESERVE BANK OF RICHMOND * * * OFFICERS HUGH LEACH, President EDWARD A. WAYNE, First Vice President CLAIR B. STRATHY, THOMAS I. STORRS, Vice President and Secretary ROBERT L. CHERRY, Assistant Vice President J. DEWEY DAANE, Vice President CHARLES W. WILLIAMS, TVT T Vice President Assistant Vice President .T JOHN L. NOSKER, T T Assistant Vice President A NATHANIEL L. ARMISTEAD, DONALD Vice President JAMES Vice President G. HAROLD SNEAD, F. HAGNER, W. DODD, JR., Assistant Vice President AUBREY N. HEFLIN, Chief Examiner Vice President and General Counsel UPTON S. MARTIN, Vice President JAMES M. SLAY, ? EDWARD WAIXERJ JR Assistant Cashier WYTHE B. WAKEHAM Vice President JOSEPH M-NOWLAN, Assistant Cashier H. ERNEST FORD, Cashier R. SUMMERFIELD BROCK, JR., Assistant Cashier ROBERT G. HOWARD, General Auditor * * * Assistant Cashier MEMBER FEDERAL ADVISORY COUNCIL V. FLEMING, President and Chairman of the Board, The Riggs National Bank, Washington, D. C. ROBERT * * * INDUSTRIAL ADVISORY COMMITTEE J. G. HOLTZCLAW, Chairman President, Virginia Electric and Power Company, Richmond, Va. OVERTON D. DENNIS, Dominion Oil Company, Richmond, Va. Ross PUETTE, President, Carolina Paper Board Corporation, Charlotte, N. C. D. STUART, President, Richmond Hardware Company, Richmond, Va. WALKER L. WHITEHURST, President and Treasurer, Burt Machine Company, Inc., Baltimore, Md. JOHN BALTIMORE BRANCH DIRECTORS LACY I. RICE, THEODORE E. FLETCHER, SR., Senior Partner, Albert W. Sisk & Son, Preston, Md. CHARLES W. HOFF, President, The Old National Bank, Martinsburg, W. Va. HOWARD M. TAYLOR, JR., President, Union Trust Company of Maryland, Baltimore, Md. President, International Bedding Company, Baltimore, Md. CHARLES A. PIPER, STANLEY B. TROTT, President, The Liberty Trust Company, Cumberland, Md. President, Maryland Trust Company, Baltimore, Md. CLARENCE R. ZARFOSS, Vice President, Western Maryland Railway Company, Baltimore, Md. * * * OFFICERS DONALD F . HAGNER, Vice President A. AUGUSTUS STEWART, JR., Cashier ADOLPH C WIENERT, Assistant Cashier BERNARD F . ARMSTRONG, Assistant Cashier E. RIGGS JONES, JR., Assistant Cashier 4 CHARLOTTE BRANCH DIRECTORS GEORGE S. CROUCH, THOMAS J. ROBERTSON, Chairman of the Board, Union National Bank, Charlotte, N. C. President, The First National Bank of South Carolina, Columbia, S. C. ARCHIE K. DAVIS, PAUL T. TAYLOR, Senior Vice President, Wachovia Bank and Trust Company, Winston-Salem, N. C. WILLIAM H. GRIER, President, Taylor Warehouse Company, Winston-Salem, N. C. T. HENRY WILSON, Executive Vice President, Rock Hill Printing and Finishing Company, Rock Hill, S. C. President and Treasurer, Henredon Furniture Industries, Inc., Morganton, N. C. JONATHAN WOODY, President, First National Bank, Waynesville, N. C. * * * OFFICERS ROBERT L. CHERRY, Vice President STANHOPE A. LIGON, Cashier R. LEE HONEYCUTT, Assistant Cashier E. CLINTON MONDY, Assistant Cashier 5 Federal Reserve Bank of Richmond * * * President HUGH LEACH First Vice President EDWARD A. WAYNE * # # HEAD OFFICE ACCOUNTING, BANK ACCOUNTS, AND TELEGRAPH A N D SWITCHING CENTER JOSEPH M. NOWLAN, Cashier Accounting Department E. B. COLEMAN, Manager EDWARD J. CARR, Assistant Manager Board of Governors and certain other deposit accounts Expenditures and general books Bank Accounts Department Ross M. BINFORD, Manager THOMAS E. HUTT, Assistant Manager Acknowledgment of cash letters from member and Reserve banks Advice of cash letters sent direct to other Reserve banks Federal Reserve bank accounts Federal Reserve exchange drafts Federal tax deposits (income tax withheld, social security, railroad retirement, and excise taxes) Reports of deposits and required reserves of member banks—Regulation D Reserve accounts of member banks Signature authorities Transfers of funds—mail and telegraphic Telegraph and Switching Center Department 6 L. MARCH, Manager GARLAND FEDERAL RESERVE BANK OF RICHMOND—HEAD OFFICE AUDITING R. SUMMERFIELD BROCK, Auditing Department JR., General Auditor N. CAMPBELL, Assistant General Auditor Certification of verification requests received from examiners and others Conducts periodic audits at Head Office and branches lists of securities and statements of accounts furnished examiners and others Reconcilement of accounts of member banks and others GARNETT BANK A N D PUBLIC RELATIONS AUBREY N. HEFLIN, Vice President & General Counsel Bank Relations W. DODD, JR., Assistant Vice President JAMES Bankers' conferences, conventions J. HAMMOND SILER, JR., Check routing symbol program Senior Representative Contacts with commercial banks Educational programs Membership applications—preliminary inquiries Par remittance Public Information ROBERT G. HOWARD, Assistant Cashier Currency exhibit FRED L. CARR, Film library Mailing lists Operating circulars Press relations Publications Speakers Visits to and tours of Reserve Bank Bank Relations Representative BUILDING A N D EQUIPMENT, GENERAL SERVICE, A N D PRINTING AND SUPPLIES JOSEPH M. NOWLAN, Cashier H. ERNEST FORD, Assistant Cashier Building and Equipment Department CHARLES General Service Department JOHN Printing and Supplies Department H. IMEL, Manager E. FRIEND, Manager CARL E. HUNTER, Manager 7 DIRECTORY DISCOUNT AND CREDIT NATHANIEL L. ARMISTEAD, Vice President Discount and Credit Department W. MCKINNEY, Manager Advances to and discounts for member banks—Regulation A Credit Regulations T and U (also see "Examining") Defense production loans—Regulation V Industrial loans—commitments and direct loans—Regulation S GEORGE JR., EXAMINING NATHANIEL L. ARMISTEAD, Vice President G. HAROLD SNEAD, Chief Examiner JOHN L. NOSKER, Assistant Vice President Examining Department Applications of National banks for trust powers State banks for membership—formal consideration State member banks for branches Examination and supervision of State member banks and affiliates Investigations concerning establishment of new member banks Regulations G — Acceptance by member banks of drafts or bills of exchange F — Trust powers of national banks H — Membership of State banking institutions I — Increase or decrease of capital stock L — Interlocking bank directorates (Clayton Act) 0 — Loans to executive officers of member banks P — Holding company affiliates—voting permits Q — Payment of interest on deposits R — Relations with dealers in securities (Sec. 32, Banking Act of 1933) T — Extension and maintenance of credit by brokers, dealers, and members of national securities exchanges U — Loans by banks for the purpose of purchasing or carrying stocks registered on a national securities exchange J. P. TINGLE, Condition reports of member banks Earnings and dividend reports of member banks 8 Report Analyst FEDERAL RESERVE BANK OF RICHMOND—HEAD OFFICE FISCAL AGENCY, SECURITIES, AND TABULATING UPTON GUILFORD Fiscal Agency Department S. S. Vice President Administrative Assistant MARTIN, VAN PELT, JOHN G. DEITRICK, Manager ROBERT J. POWELL, Assistant Manager Coupon Payment—U. S. Treasury and other Government obligations Issue, Exchange or Redemption of Treasury Bills, Bonds, Certificates, Notes and Savings Notes Safekeeping of Savings Bonds for public Treasury Tax and Loan Accounts HERMAN W. BRITT, Assistant Manager WILBUR C. WILSON, Assistant Manager MARVIN A. PALMORE, JR., Supervisor Forms—requests for Fiscal Agency (FA) Public Debt (PD) JOHN G. DEITRICK, Government Agencies Commodity Credit Corporation Federal Facilities Corporation Foreign exchange reports General Services Administration Housing and Home Finance Agency Public Housing Administration R. F. C. pool loans Unusual currency transactions JOHN F. STREET, Savings Bonds Direct issues (Series E-K) Issuing agents accounts (Series E) Lost, stolen, destroyed Reissues and replacements (Series E-K) Direct redemptions (Series A-K) Paying agents accounts (Series A-G) Manager Supervisor MRS. BERTHA GOODMAN, Supervisor J. G. TURNER, Supervisor Armed Forces Leave Bonds Securities Department WILLIAM HUTCHEON, JR., Securities Custodian Purchase and sale of securities for account of member banks Safekeeping of securities for member banks Tabulating Department WILLIAM E. MCLEAN, Manager DIRECTORY LEGAL AUBREY N. HEFLIN, Vice President and General Counsel VICTOR E. PREGEANT, Assistant to Counsel MONEY AND PROTECTION CLAIR B. STRATHY, WYTHE B. WAKEHAM, Vice President Assistant Cashier Money Department CLIFTON Y. GREEN, Manager ELWOOD V. SCHUMANN, Assistant Manager Receipt, verification, custody and shipment of currency and coin Protection Department MILLARD H. JONES, Chief NONCASH COLLECTION A N D TRANSIT CLAIR B. STRATHY, Vice President EDWARD WALLER, JR., Assistant Cashier Noncash Collection Department THRIFT W. TYSON, Manager Regulation G Collection of corporate bonds, coupons, drafts, notes and other noncash items Transit Department B. BEAVERS, Manager CLIFFORD L. RUSSELL HUCKSTEP, A. CARL HEINRICH, JR., Assistant Manager JOHN E. MALLORY, Assistant Manager Assistant Manager Regulation J—Check clearing and collection Adjustments, correspondence and telegrams relative to collection of cash items Cash letters Clearing house—city checks Country checks Remittances Return items Treasurer of U. S.—transfers to general account U. S. Government checks Postal money orders SATURDAYS ONLY This bank is closed on Saturdays; however, COUNTRY CHECK and RETURN ITEM DIVISIONS operate and can be reached by calling RICHMOND 2-0939 10 FEDERAL RESERVE BANK OF RICHMOND—HEAD OFFICE PERSONNEL AND CAFETERIA JAMES M. SLAY, Vice President Personnel Department RAYMOND E. SANDERS, JR., Cafeteria Department Miss Manager FREDA PATTISON, Manager PLANNING L. ARMISTEAD, Vice President JAMES W. DODD, JR., Assistant Vice President NATHANIEL Planning Department J. GORDON DICKERSON, JR., Manager RESEARCH CHARLES THOMAS I. W. Vice President Assistant Vice President WILLIAMS, STORKS, Research Department Economic research Agriculture HORACE G. PORTER, Agricultural Economist Banking and Treasury finance R. PIERCE LUMPKIN, Business conditions, industry and trade BENJAMIN P. CHAMBERS, Corporate finance, state and local finance, industry EDMUND F. MAC DONALD, Financial Economist Business Economist Collection of statistics Banking and other credit reports Trade reports Industrial Economist FRANK D. STINNETT, JR., Administrative Assistant CHARLES W. WILLIAMS, Monthly Review Vice President Miss BESS P. WALFORD, Librarian Library RESEARCH—OPEN MARKET J. DEWEY DAANE, Assistant Vice President 11 DIRECTORY BALTIMORE BRANCH DONALD F. HAGNER, Vice President * * * ACCOUNTING, FISCAL AGENCY, A N D SECURITIES ADOLPH C. WDENERT, Assistant Cashier Accounting Department EUGENE L. SHIPLEY, Manager Acknowledgment of cash letters from member and Reserve banks Advice of cash letters sent direct to other Reserve banks Certification of verification requests received from examiners and others Expenditures and general books Federal Reserve bank accounts Federal Reserve exchange drafts Federal tax deposits (income tax withheld, social security, railroad retirement, and excise taxes) Lists of securities and statements of accounts furnished examiners and others Reconcilement of accounts of member banks and others Reports of deposits and required reserves of member banks—Regulation D Reserve accounts of member banks Signature authorities Transfers of funds—mail and telegraphic Fiscal Agency Department DANIEL W. HOBBS, JR., Manager WILLIAM E. WALTER, Assistant Manager Armed Forces Leave Bonds Forms—requests for Fiscal Agency (FA) Public Debt (PD) Savings Bonds Treasury Bills, Bonds, Certificates, Notes and Savings Notes Treasury Tax and Loan Accounts 12 FEDERAL RESERVE BANK OF RICHMOND—BALTIMORE BRANCH Securities Department JOSEPH L. JENKINS, Securities Custodian Advice of calls and exchanges Collection of maturing coupons and securities Purchase and sale of securities for account of member banks Safekeeping of securities Government agencies Member banks Pledged as collateral BANK PREMISES, DISCOUNT A N D CREDIT, NONCASH COLLECTION, A N D PURCHASING AND SUPPLIES BERNARD F. ARMSTRONG, Assistant Cashier Bank Premises Department ROBERT E. KEMP, Building Superintendent Discount and Credit Department WILLIAM Noncash Collection Department JOHN C. NORTON, Manager Advances to and discounts for member banks—Regulation A Credit Regulations T and U (also see "Examining," Head Office) Defense production loans—Regulation V Industrial loans—commitments and direct loans—Regulation S M. SCHAUB, Manager Regulation G Collection of corporate bonds, coupons, drafts, notes and other noncash items Coupon payment—U. S. Treasury and other Government obligations Purchasing and Supplies Department A. J. PEROUTKA, Manager 13 DIRECTORY GENERAL SERVICE, MONEY, A N D PERSONNEL A. AUGUSTUS STEWART, JR., Cashier General Service Department Money Department E. VERNON JONES, Manager EARL H. RODEY, Assistant Manager Receipt, verification, custody and shipment of currency and coin Personnel Department HENRY J. SHECKELS, Manager PROTECTION, SNACK BAR, A N D TRANSIT E. RIGGS JONES, JR., Assistant Protection Department Cashier THOMAS P. NEMPHOS, Chief Guard Snack Bar Department Transit Department CHARLES P. KAHLER, Manager ROBERT G. BALDWIN, Assistant Manager GERALD L. WILSON, Assistant Manager Regulation J—Check clearing and collection Adjustments, correspondence and telegrams relative to collection of cash items Cash letters Clearing house—city checks Country checks Remittances Return items U. S. Government checks Postal money orders 14 FEDERAL RESERVE BANK OF RICHMOND—CHARLOTTE BRANCH CHARLOTTE BRANCH ROBERT L. CHERRY, Vice President # • * ACCOUNTING, GENERAL SERVICE, NONCASH COLLECTION, SECURITIES, A N D TRANSIT E. CLINTON MONDY, Accounting Department Assistant Cashier CHARLES E. FRANCIS, Manager ROBERT W. SHEARER, Assistant Manager Acknowledgment of cash letters from member and Reserve banks Advice of cash letters sent direct to other Reserve banks Certification of verification requests received from examiners and others Expenditures and general books Federal Reserve bank accounts Federal Reserve exchange drafts Lists of securities and statements of accounts furnished examiners and others Purchase and sale of securities for account of member banks Reconcilement of accounts of member banks and others Reports of deposits and required reserves of member banks—Regulation D Reserve accounts of member banks Signature authorities Transfers of funds—mail and telegraphic General Service Department T. WESLEY BAGBY, Manager Noncash Collection Department CHARLES E. FRANCIS, Manager Regulation G Collection of corporate bonds, coupons, drafts, notes and other noncash items 15 DIRECTORY Securities Department T. WESLEY BAGBY, Securities Custodian Collection of maturing coupons and securities held in safekeeping Safekeeping of securities, including Savings Bonds for the public Transit Department J. CRAIG FRYE, Manager WINFRED W. KELLER, Assistant Manager Regulation J—Check clearing and collection Adjustments, correspondence and telegrams relative to collection of cash items Cash letters Clearing house—city checks Country checks Remittances Return items U. S. Government checks Postal money orders DISCOUNT A N D CREDIT A N D PERSONNEL STANHOPE A. LIGON, Cashier Discount and Credit Department EARL G. FELLOWS, Manager Advances to and discounts for member banks—Regulation A Credit Regulations T and U (also see "Examining," Head Office) Defense production loans—Regulation V Industrial loans—commitments and direct loans—Regulation S Personnel Department 16 FEDERAL RESERVE BANK OF RICHMOND—CHARLOTTE BRANCH BANK PREMISES, FISCAL AGENCY, MONEY, AND PROTECTION R. LEE HONEYCUTT, Assistant Cashier Bank Premises Department R. M. GLAZE, Building Superintendent Fiscal Agency Department JOHN P. PARKER, Manager FRED C. KRUEGER, JR., Assistant Manager Armed Forces Leave Bonds Coupon payment—U. S. Treasury and other Government obligations Federal tax deposits (income tax withheld, social security, railroad retirement, and excise taxes) Forms—requests for Fiscal Agency (FA) Public Debt (PD) Savings Bonds Treasury Bills, Bonds, Certificates, Notes and Savings Notes Treasury Tax and Loan Accounts Money Department HARRY L. WHITMORE, Manager RAYMOND R. SMITH, Assistant Manager Receipt, verification, custody and shipment of currency and coin Protection Department E. L. KALE, Chief 17 INDEX Page Page BALTIMORE BRANCH Director* and officers 4 Departments and operations 12-14 CHARLOTTE BRANCH Directors and officers ,„„.„ 5 Departments and operations 15-17 RICHMOND—HEAD OFFICE Advances to member banks _ Armed Forces Leave Bonds „ Bank relations activities Cash Letters Adjustments, correspondence, etc, concerning Direct sending to other Reserve banks Other ___, Check clearing and collection Check routing syml>ol program „ „. City checks Coin, receipt and shipment of Commodity Credit Corporation __ Condition reports of member banks .... „ Corporate bonds and coupons, collection of Country checks Coupons of U. S. Treasury and o t h e r Government agencies, payment of Currency exhibit .„ Currency, receipt and shipment of Defense production loans Depositary receipts for Federal taxes Discounts for member banks Earnings and dividend reports of member banks „ Educational programs Examination of State member banks and affiliates Federal Reserve bank accounts _ Federal Reserve exchange drafts Digitized for 18 FRASER 8 9 7 10 6 10 10 7 10 10 9 8 10 10 9 7 10 8 6 8 8 7 8 (J 6 Federal tax deposits Foreign exchange reports — Forms—requests for, Fiscal Agency (FA), Public Debt (PD) General Services Administration Housing and Home Finance Agency Industrial l o a n s , commitments and direct loans Information, general — Legal matters Library . - -—Loans, applications for -— Mailing lists .__.__„ Margin requirements Member bank reserve accounts . Membership in Federal Reserve System Formal applications Preliminary inquiries Money, receipt and shipment of Monthly Review Editorial content . — Mailing list Motion pictures — Noncash items, collection of Operating circulars . Par remittance Personnel matters _ . . . „ . — _ Postal money orders, payment or collection of — Publications Monthly Review Other circulars, releases, booklets, etc . Mailing lists of „ — Public and press relations — Public Housing Administration Purchase of securities for account of member banks — Reconcilement of accounts of member banks and others - G 9 9 9 9 8 7 10 11 8 7 8 6 8 7 10 11 7 7 10 7 ** 11 10 11 " 7 7 9 9 7 Regulations A—Discount* for and advance! to member banki _ C—Acceptance by member bank* of drafts or billii of exchange D—Reserves of member banks _ _ F—Trust powers of national banks G—Collection of noncash items II—Membership of State banking institutions in the Federal Reserve System I—Increase or decrease of capital stock of Federal Reserve Banks and cancellation of old and issue of new stock certificates J—Check clearing and collection .. L—Interlocking bank directorates under the Clayton Act „ O — L o a n s to executive officers of member banks ._ . .„ P—Holding company affili a t e s — voting permits Q—Payment of interest on deposits R—Relationships w i t h dealers in securities (Sec. 32, Banking Act of 11*33) ... S—Industrial loans ._. _„ T—Extension and maintenance of credit by brokers, dealers, and members of national securities exchanges U—Loans by banks for the purpose of purchasing or c a r r y i n g stocks registered on a national securities exchange _ V—Loan guarantees for defense production Remittances for cash letters INDEX Pagt Page 8 8 6 8 10 8 8 10 8 8 8 8 8 8 8 8 8 10 Report* Condition of member banks Deposits and required reserves „ Kamings and dividends of member banks Statistical Unusual currency transactions . Research and statistics ... Reserve accounts of member banks .. Return items Safekeeping of securities for mcmWr banks Sale of securities i^T account of mcmWr banks , Savings Bonds Securities Lists furnished examiners and others . Purchase and sale of, for account of member banks Safekeeping „ U. S. Government, subscriptions, tenders, exchanges, etc Signature authorities , .„ Speakers, arrangements for Statements of accounts furnished examiners and others . ... ,, Statistics, collection and analysis of Tours of Reserve bank Transfers of funds — mail and telegraphic Treasurer's account, United States Treasury Bill*, Bonds, Certificates, Notes and Savings Notes Treasury Tax and Loan Accounts „ U. S. Government checks and Postal money orders, payment or collection of Verification requests received from examiners and others, certification of Visits to Reserve bank 8 C 8 11 1* 11 6 10 9 1+ 9 7 i* 9 9 C> 7 7 11 7 6 10 1* 0 10 7 7 19 ADDITIONS TO DIRECTORY * * * This document is protected by copyright and has been removed. Author(s): Geo. W. Rogers Article Title: Resurgent City Won Federal Reserve 40 Years Ago Today Journal Title: The Richmond News Leader Volume Number: Date: April 2, 1954 Page Numbers: Issue Number: