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CHARLES S . HAMLIN , GOVERNOR
FREDERIC A. DELANO , VI CE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
EX-OFFICIO MEMBERS
WILLIAM G. MCADOO
SECRETARY OF THE TREASURY
CHA.IRM A. N
JOHN SKELTON WILLIAMS
COM PTROLLER OF lHE CUR RENCY
H. PARKER WILLIS, SECRETARY
FEDERAL RESERVE BOARD
ADDRESS REPLY TO
HS
WASHINGTON
FEDERAl.. RESERVE BOARD
October 31, 1914.
Sir:
I am h~nii r1G you here\.,i th transcript of
stock re;ister of t:e ~ eserve Bal~ Or~aniz~
tion Co.~. ,i tt€e, shOVlin;; :... list of tile member
banks in FederL. l Reserve District lTo , II, the
C&'l)it<. l .. nd sUJ"]lus :..nd 1:; 1e n.llnber of shares
allotted by the ·leserve :i32..YJ.lc Orr.a.nizatiol1
Co~nittee to each bank in th is District.
As :....ddel'Jdu. to this tr[..ns.:Jl'i_,t, I ~m sending yO J.. a list of t:le mem ber banks in this
district wbich have incr ees ed or decreased their
c<1pi tel or sU!'~)lus sL.ce ini th.l sJ..bscription ,
'·'hich ;h;-_n Je s h: ve not <J.S yet bee"!: cov8red by
ne,-: ':._')~"'llic:: -c ions I'or stock and whi eh shou ld be
taken into consideration by the ?ederal l.eserve
Banlo:: i n opfnirg the stock led:::;er .
Yo u will recall t~t tHe member b::nks were
rey'uired to indic;.ct e w ithin sixty days U.c'te r
"the Ilassl...se of ti.1e .. c t, ,h e "(, 18r or not "Lh5Y int ended to aCCel"'lt the I,r o vision s of the Act and
to subscribe to the c[:..]? it~·l stock OI' the Federal eserve B2Ilk OI' their di strict; that after
the districts Jere defined und "the ~ ederal re serve ci "t ies desi C;[J£. ted, tl1e banks ,-hich had ind icated their int ntion to Lccep t the provisiollE.
were re,.uired to sllbs::'-ribe to 311 amount e ;l.1l:;1 t o
six 'per -cent o f tl1E. ir :l1li :lpaired ca~ it al &nd
sur )lus at t'le time of makin,; e<.pplic ati on.
_ or yOllr ini'ormb.t ion, ·-llld "th&.t of the offic ers of the :i!'ederal
eserve 3:? rllCS , I 8I:l for warding \l i th th is the form 0: resolution adol")ted
by the ~ieserve Bml::C Orb~l1iz""tion GoltJnittee ,ihich
This document was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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banks becomint'; mem'bers of the system were re quired to Ilv. ss. I <..m 1so ru..lY-:"inG YOll ~ copy
of ~he ap_)li c tio n form for stocle i n the ::federa l teserve .3<...n1cs, nd di rect your s~)ec i &..l at tention -::;0 the Ilnote" on the b.:..nk of this form ,
SllQi, in3 ·;;1.1e method of c';l.lcuJ.;.1 t in~ the number
o J.' shares of sto ck &..llotted .
You wil l recall ,,11' t the .n~ t rrov ides that
as nember bc..nks increas(. their capite 1 they
are requ. i red to file apl,lici::.tians ';:'01' additional s-.:;ock in "he :9'eder... l He serve BWlle of their
district . r:L'hese forms r;ere to be printed mu
sent out, but inasr'lucn as the "Tteserve Balik: Or -ani zat ion Uommi ttec lid not u.ndertake the opening
of sto cle led --;e rs, it\' s deeliled [d vi sabl~ ..to..
.1 .VE ('11e stock ledg6rs 0 {)6ned by t ..1.e ..:'eder 1 ~ e seI've B':'l1k to Sl10?ti1E:. o;i 'i7{al~ic;;ti on o.ln,
~ IS Q.ffit i~ <"J _·Pl.ic<tiO).l~C1--rcCc5'F~
iiigli,
thE:: form Ilrep<.. red i s being revi sed so
al l .i't.lture s.:p..:'Ilicatians ITlLy -,as s t11rOU)l
tile 11.F..nds oJ.' ';:11'", PedeI', 1 3.e ser-ve 3&nlc ' n:l be
Clle ~ked bv ,,'he
l'o-,er of-Ic ers before such application!:' a re su'bmitted t o the :!'ederal _eseI've
Bm. I'd '0 r "_ provJ .
tJl~t
I v'oulrl s J."'gest, (;11 refore , tb! t the J'ed eral res I've bcnks be rel.;._lested ... 0 open stock
ledgers on the basis of
e accom!l~nyin,; ' tr~ns
cript, <·nd t:lat a!J.::'licb.t ions ~'or c:'lly increa.ses
be hr.!11dled in "he I'lanner indi c:_ted b;r a, 'orm
noY! in .::'re:9arat io n .
J
Secretc.ry,
Reserve Ban1e OrgLnization Cor11h1i ttee.
Honorable H. Parker ''lillis, Secreta ry ,
~,1cder[:.1 3.eserve Boc.rd .
