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COHRE3?0ftiDENCE ttETWEKh COkt'TKOLLl.H'o OFFICE -Jjp BARK. OF i'AlERICA A v a i l a b l e copies of otherwise indicated, Corp., San.Francisco, Part 7 (3/38 - the f o l l o w i n g correspondence, a r e t o be found i n F i l e Calif., unless Transamerica V o t i n g Permit - Correspondence, Etc., l£/38).' 1 tfay 6 — Letter from A. p. G i a n n i n i to Digge r e l a t i n g to report o f e x a m i n a t i o n o f Bank o f A m e r i c a c o n p l e t e d A o r i l 1938. ( F i l e #12, Transamerica C o r p . , V o t i n g Correspondence from C h a i r m a n ' s Sept. £0, Permit, Office) 13 — T e l «g ram D i g ^ s t o P a l m e r ( N a t i o n a l Bank E x a m i n e r ) re- l a t i n g t o d i v i d e n d p o l i c y o f Bank o f A m e r i c a . Sept. 13 — L e t t e r f r o m C o m p t r o l l e r o f C u r r e n c y t o Bank o f A reference to t h i s l e t t e r letter y e t been l o c a t e d i n o u r Sept. 1 to Comptroller b u t t h e l e t t e r has n o t files. I P — L e t t e r o f C h a i r m a n o f B o a r d o f D i r e c t o r s o f Bank o f America (A. p . G i a n n i n i ) telegram, t o Diggs i n r e p l y t o w h i c h was r e a d t o Board o f S e p t . 16 — T e l e g r a m L . M. G i a n n i n i was f o u n d i n F x h i b i t f r o m B o a r d o f D i r e c t o r s o f bank t o under date o f Dec. 1 1 9 3 9 , America, above Directors. to Eccles dated S e s t . £0, 1938, and r e q u e s t i n g h e a r i n g b e f o r e Board r e f e r s t o l e t t e r Sept. 1 6 , 1938, f r o m C o m p t r o l l e r ' s o f f i c e t o each of director -21939 (continued) i n p a r t i a l response t o A . P . G i a n n i n i ' s l e t t e r o f May 6, 1938, above r e f e r r e d t o . Comptroller's l e t t e r S e p t . 16 ( p o s s i b l e S e p t . 13) IK o u r f i l e s , in Exhibit i s a p p a r e n t l y not Reference t o t h i s l e t t e r of contained i s a l s o made 1 t o t h e l e t t e r o f Board o f D i r e c t o r s o f the bank t o t h e C o m p t r o l l e r o f t h e C u r r e n c y o f Dec. 12, S e p t . 23 — Copies o f two l e t t e r s addressed t o each member-of Board o f D i r e c t o r s o f Bank o f A m e r i c a by D i g g s taining criticisms 1939. the con- based on e x a m i n a t i o n completed S e p t . 1 5 , 1978, and r e l a t i n g t o p o s s i b l e f o r f e i t u r e of c h a r t e r o f Bank o f A m e r i c a . O c t . 11 — L e t t e r f r o m Bo&rd o f D i r e c t o r s o f bank t o containing detailed reply to criticisms contained in t e l e g r a m and l e t t e r o f S e p t . 1 7 , 1938, and l e t t e r of S e p t . 23, 1938. The l e t t e r o f O c t . 11 has n o t y e t l o c a t e d i n our f i l e s , in Exhibit been b u t a r e f e r e n c e t h e r e t o was f o u n d 1 t o l e t t e r f r o m Board o f D i r e c t o r s o f bank t o C o m p t r o l l e r under d a t e o f Dec. 12, O c t . 15 — Comptroller 1339. L e t t e r from Everard, S e c r e t a r y o f Bo^rd o f o f Bank o f A m e r i c a , Directors to Comptroller enclosing a resolu- t i o n o f t h e d i r e c t o r s o f t h e bank i n r e p l y t o l e t t e r o f S e p t . 2 3 , 1938. by a number o f exhibits. The r e s o l u t i o n i s Di^s' accompanied -1519?9 (continued) O c t . 19 — Acknowledgment by Upham, A c t i n g C o m p t r o l l e r , o f receipt o f l e t t e r o f O c t . 1 1 , 1978, f r o m Board o f D i r e c t o r s bank. of T h i s l e t t e f r ha3 not y e t been l o c a t e d i n o u r files, b u t a r e f e r e n c e t h e r e t o was f o u n d i n E x h i b i t 1 t o a l e t ter from. Board o f D i r e c t o r s o f bank t o C o m p t r o l l e r u n d e r d a t e o f Dec. 12, K o v . 2? — 1979. L e t t e r f r o m Delano t o 3 o s r d o f D i r e c t o r s a g r e e i n g t o a conference to c l a r i f y Sept*. 27, 1978. our f i l e s , i s s u e s r a i s e d by l e t t e r of T h i s l e t t e r has n o t y e t been l o c a t e d in b u t a r e f e r e n c e t h e r e t o was f o u n d i n E x h i b i t 1 t o a l e t t e r f r o m Board o f D i r e c t o r s o f bank t o Compt r o l l e r under d a t e o f Dec. 1 2 , Nov. 23 — 1939. S h o r t and l o n g agendo p r e p a r e d by C o m p t r o l l e r * s office and f o r m i n g b a s i s f o r d i s c u s s i o n s l e a d i n g up t o agreement o f Dec. 1 5 , 1938. T h i s agenda i s m e n t i o n e d i n l e t t e r Aug. 8 , 1979, f r o m Board o f D i r e c t o r s t o o f Currency, but a copy has net Comptroller y e t been l o c a t e d i n our files. Dec. 15 — Copy o f a memorandum o f agreement f o r corrections between B&nk o f A m e r i c a , C o m p t r o l l e r ' s o f f i c e , c e r t a i n o t h e r governmental o f f i c e s , and together with let- t e r s o f same d a t e f r o m J e s s e J o n e s t o J o h n Ecnes and from L. Giannini to Comptroller of Currency. §12, Transamerlca C o r p . , V o t i n g P e r m i t , from Chairm-n's O f f i c e ) of (File Correspondence -41939 (continued) Dec. 22 — Letter from C o m p t r o l l e r o f Currency to L. ? . w i t h r e s p e c t t o t h e agreement o f D e c . 1 5 . Transamerica Corp., V o t i n g P e r m i t , Chairman's D e c . 31 — Giannini (File #12, Correspondence from Office) L e t t e r L. V, Giannini agreement o f Dec. 1 5 . t o Delano w i t h r e f e r e n c e t o ( F i l e #12, Transamerica V o t i n g P e r m i t , Correspondence from Chairman's the Corp., Office) A v a i l a b l e copies o f the f o l l o w i n g correspondence, otherwise indicated, San F r a n c i s c o , (1/39 - unless a r e t o be f o u n d i n F i l e £ 1 2 , T r a n a a m e r i c a Calif., Corp., V o t i n g Permit - Correspondence, E t c . , P&rt 8 11/39). 1939 Jan. 11 — L e t t e r f r o m L . M. G i a n n i n i to Comptroller advising Board o f D i r e c t o r s had a u t h o r i z e d management t o p r o g r a m d e s c r i b e e i n memo o f Dec. 1 5 . not yet been l o c a t e d i n o u r f i l e s , was f o u n d i n E x h i b i t 1 to a l e t t e r follow T h i s l e t t e r haa~ but a reference f r o i r Board o f Letter from Delano t o L . K. G i a n n i n i w i t h r e f e r e n c e t o agreement o f Dec. 1 5 , 1 9 7 8 . Tranaamerica Corp., V o t i n g P e r m i t , Chairman's Office) thereto Direc- t o r s o f bank t o C o m p t r o l l e r u n d e r d a t e o f D e c . 1 2 , F e b . 20 — that 1939. further (file #12, Correspondence from -51939 (continued) Var. 7 — . L e t t e r f r o m L . M« G i a n n i n i t o D e l a n o w i t h r e f e r e n c e t o agreement o f D e c . 1 5 , 1938. further This letter r e f e r s t o a conference w i t h t h e C o m p t r o l l e r on Feb. 1939. No o t h e r I n f o r m a t i o n w i t h roferenc^ to thig f e r e n c e has been f o u n d i n t h e B o a r d ' s f i l e s . - Transttrcerica C o r p . , V o t i n g P e r m i t , 25, con- (File Correspondence 012, from Chairman's O f f i c e ) M a r . 15 — Letter from Eyerard, o f Bank o f A m e r i c a , to Comptroller o f C u r r e n c y e n c l o s i n g copy o f r e s o l u t i o n o f Board o f Directors r e l s t l n g to increase of c a p i t a l Transamerica Corp., V o t i n g Chairman's Apr. 14 — Letter D from C o m p t r o l l e r t o bank. been l o c a t e d i n o u r from T h i s l e t t e r i s mentfoard of Direc- but has not /et files* L e t t e r f r o m D e l a n o t o L . M. G i a n n i n i referring to action t a k e n by Board o f D i r e c t o r s and c o n t a i n i n g f o r m o f notice t o s t o c k h o l d e r s i n c o n n e c t i o n w i t h proposed i n c r e a s e capital of files, it had c o n s e n t o f Comp- T h i s l e t t e r has not y e t beer l o c a t e d i n our b u t a r e f e r e n c e t h e r e t o was f o u n d i n E x h i b i t to a l e t t e r troller in bank and d i r e c t i n g bank n o t t o t a k e any a c t i o n to increase bank's c a p i t a l u n t i l troller. #12, Office) t o r s o f t h e bank t o t h e C o m p t r o l l e r , 15 — (File e r m i t , Correspondence t i o n e d i n l e t t e r o f Aug. 8 , 1939, from Apr. stock. f r o m Board o f D i r e c t o r s o f bank t o Comp- under d a t e o f Dec. 12, 1939. 1 -61939 (continued) Aor. 16 — L e t t e r f r o m L . M. G i a n n i n i t o D e l a n o w i t h r e f e r e n c e a p p l i c a t i o n t o RFC f o r p r e f e r r e d stock. Transamerica Corp., V o t i n g Permit, Chairman's J u n e 30 — (File $12, Correspondence from Office) L e t t e r froir L. I'. Giannini to C o m p t r o l l e r . i s meritioned i n l e t t e r o f Aug. 8, This has n o t y e t been l o c a t e d i n o u r 14, 1939. y e t been l o c a t e d i n o u r f l l e n . was f o u n d i n E x h i b i t but requesting T h i s l e t t e r has n o t but a reference 1 to a l e t t e r thereto from Board o f Direc- t o r s o f bank t o C o m p t r o l l e r u n d e r d a t e o f D e c . 1 2 , J u l y 11 — Letter from L. If. G i a n n i n i t o C o m p t r o l l e r letter o f June 30, 1939, w r i t t e n i n r e p l y t o l e t t e r April 14, 1939, This l e t t e r a r e f e r e n c e t h e r e t o was f o u n d i n E x h i b i t 1 t o a J u l y 11 — of Directors. has n o t y e t b e e n l o c a t e d i n o u r f i l e s , date o f Dec. 12, 1939. supplementing f r o m C o n p t r o l l e r t o Board o f f r o m Board o f D i r e c t o r s o f of files. L e t . t e r f r o m C o m p t r o l l e r t o Board o f D i r e c t o r s reply to l e t t e r of A p r i l letter 19?9, f r o m Board D i r e c t o r s o f Bank o f A m e r i c a t o t h e C o m p t r o l l e r , June 30 — to bank t o C o m p t r o l l e r but letter under 1935. R e s o l u t i o n o f Board o f D i r e c t o r s a d o p t i n g l e t t e r s o f J u n e 30 and J u l y 1 1 , 1 9 3 9 , troller as t h e i r f r o m L . to. G i a n n i n i t o Comp- r e p l y t o l e t t e r o f A p r i l 14, 1939, C o m p t r o l l e r t o Board o f D i r e c t o r s . - from T h i s r e s o l u t i o n has _71939 (continued) n o t y e t been l o c a t e d i n o u r f i l e s , but a reference was f o u n d i n E x h i b i t from board o f 1 to a l e t t e r thereto Direc- t o r s o f bank t o C o m p t r o l e r u n d e r d a t e o f D e c . 1 2 , J u l y 21 — Telegrai t o Delano from P r e s i d e n t o f Bank o f 1933. America. A copy o f t h i s t e l e g r a m i s c o n t a i n e d i n a t e l e g r a m t h e same d a t e a d d r e s s e d t o E c e l e 3 by L . V . and f i l e d J u l y 22 — Letter Giannini i m m e d l ' i t e l y p r e c e d i n g t h e copy o f o f J u l y £8 h e r e i n a f t e r r e f e r r e d from L . M. G i a n n i n i t o c l a s s i f i c a t i o n o f assets. of the letter to. P. E o l g e r r e l a t i n g Thi3 l e t t e r is filed im- m e d i a t e l y preceding l e t t e r o f August 7 h e r e i n a f t e r J u l y 28 — ferred to. Letter f r o m P r e s i d e n t o f Bank o f A m e r i c a t o D e l a n o latin^; to current J u l y 31 — Letter examination re- re- procedure. from Delano t o Board o f D i r e c t o r s w i t h respect to r e p o r t o f e x a m i n a t i o n c o m p l e t e d J u l y £ 1 , 1939. Of t h i s l e t t e r to f u r n i s h e d t o McKee w i t h a l e t t e r D e l a n o u n d e r d a t e o f K o v . 1 5 , 1 9 3 9 , and f i l e d Cony from with l e t t e r t o McKee. J u l y 31 — Letter from * . P. i o l g e r t o L . fc. G i a n n i n i c l a s s i f i c a t i o n of assets. This l e t t e r t h e l e t t e r o f ^oigust 7 h e r e i n a f t e r n o t y e t been l o c a t e d i n o u r files. relating to i s mentioned in referred to, but avs -2019?9 (continued) Aug. 5 — Cony o f l e t t e r f r o m P r e s i d e n t o f Bank o f A m e r i c a Delano acknowledging r e c e i p t o f Delano13 l e t t e r J u l y 31, 1*939, r e l a t i v e t o c u r r e n t report of t i o n o f t h e bank c o m p l e t e d J u l y 2 1 , Aug. 7 — L e t t e r L< is. G i a n n i n i of examina- 1939. t o W. P . i o l g e r c l a s s i f i c a t i o n s of assets. relating to This l e t t e r also refers l e t t e r s o f J u l y 31 and J u l y 22 between G i a n n i n i Folger. to ( - t i l e #12, Transamerica C o r p . , V o t i n g to and Permit, Correspondence from C h a i r m a n ' s O f f i c e ) Aug. 8 — Letter, w i t h enclosures, f r o m Board o f D i r e c t o r s Bank o f A m e r i c a t o C o i r p t r o l l e r o f C u r r e n c y w i t h t o C o m p t r o l l e r ' s l e t t e r o f J u l y 3 1 , 1939. Transamerica Corp., Chairman's A u g . 17 — Letter respect Uile #12, V o t i n g P e r m i t , Correspondence letter 1939, w h i c h he w r o t e t o D e l a n o w i t h respect t o an a p p l i c a t i o n o f t h e F i r s t N a t i o n a l Bank o f Port- l a n d t o e s t a b l i s h a b r a n c h and e n c l o s i n g c e r t a i n respondence r e l a t i n g t h e r e t o . It A u g . 29 — Letter i s not c o n t a i n e d i n t h e Board*s files. bank's P r e s i d e n t o f August 5. of the l e t t e r of all branches f r o m D e l a n o t o Board o f D i r e c t o r s o f Bank America acknowledging r e c e i p t cor- i s apparent t h a t o f t h e c o r r e s p o n d e n c e r e l a t i n g t o t h e proposed Involved from Office) f r o m J o h n i ' . G r a n t t o Hansom e n c l o s i n g a o f Aug. 17, of of the -919?9 (continued) S e p t . 12 — L e t t e r froir. S e c r e t a r y o f Bank o f A m e r i c a t o Comptroller o f C u r r e n c y a c k n o w l e d g i n g h i s l e t t e r o f A u g . £9 and d i s c u s s i n g i n some d e t a i l the Oct. £ — some o f t h e c r i t i c i s m s of f r o m D e l s n o t o Board o f D i r e c t o r s o f Bank of bank. Letter America w i t h f u r t h e r reference t o r e p o r t o f c o m p l e t e d J u l y £1, O c t . 10 — Letter examination 1939. f r o m L . M. G i a n n i n i t o Delano w i t h re3pect to a l e t t e r o f O c t . 2 , 1 9 7 9 , a d d r e s s e d t o G i a n n i n i as a d i r e c t o r o f t h e Bank o f A m e r i c a by t h e O c t . 11 — Letter Comptroller. f r o i r Board o f D i r e c t o r s o f Bank o f A m e r i c a to the Comptroller c a l l i n g his a t t e n t i o n to the fact t h e y were s t i l l a w a i t i n g h i s response t o s e v e r a l communications. This l e t t e r that previous i s mentioned i n the l e t t e r of D e c . 1 2 , 19?9, f r o m t h e Board o f D i r e c t o r s t o t h e Comptroller b u t has n o t y e t been l o c a t e d i n o u r f i l e s . t i o n e d on page 1 . letter O c t . £7 — o f O c t . 11, Men- I h i s may be an e r r o n e o u s r e f e r e n c e 19ZS. L e t t e r a d d r e s s e d t o Board o f D i r e c t o r s o f Bank o f A m e r i c a by D e l a n o . R e f e r e n c e i s made t o t h i s l e t t e r t h e l e t t e r o f Nov. 2, 1979, h e r e i n a f t e r r e f e r r e d L e t t e r from A. ? . G i a n n i n i Giannini's expected v i s i t t o Delano w i t h respect to Washington. in to, b u t a copy t h e r e o f h a s n o t y e t been l o c a t e d i n o u r &ov. 2 — to files. to -101339 ( c o n t i n u e d ) Nov. 6 — L e t t e r frors A , P . G i a n n i n i t o Delano r e l a t i n g t o a p p r a i s a l s o f banking Nov. 6 — properties. L e t t e r ft. G. S m i t h , o f Dank o f A m e r i c a , t o Delano w i t h r e f e r e n c e t o p r o g r e s s made i n c o n n e c t i o n w i t h i t e m s i n agreement o f Dec. 1 5 . ( F i l e #12, criticized Transamerica C o r p . , V o t i n g P e r m i t , Correspondence from C h a i r m a n ' s Office) Nov. 15 • (approximately) M e n t i o n i s made i n a l e t t e r o f Nov. 3 0 , 1939, L . K. G i a n n i n i from t o McKee o f t h e memo p r e p a r e d i n the T r e a s u r y Department w h i c h formed t h e b a s i s o f t h e c o n f e r e n c e between t h e G i a n n i n i s and t h e o f f i c e o f the C o m p t r o l l e r o f t h e C u r r e n c y about Nov. 1 5 , 1939. memo has n o t y e t been l o c a t e d i n o u r files. A v a i l a b l e copies o f the f o l l o w i n g correspondence, otherwise indicated, a r e t o be f o u n d i n F i l e f l f , This unless Transamerica Corp., San F r a n c i s c o , C a l i f . , V o t i n g P e r m i t - C o r r e s p o n d e n c e , E t c . , P a r t 9 (12/39 1939 ). (continued) Nov. 15 — L e t t e r f r o m Delano t o Board o f D i r e c t o r s o f Bank o f America w i t h respect t o p u b l i c a t i o n o f a c o r r e c t e d of Dec. 12 — report condition. L e t t e r f r o m Board o f D i r e c t o r s o f Bank o f A m e r i c a Comptroller o f Currency. to Copy f o r w a r d e d t o X c c l e s as e n c l o s u r e t o l e t t e r o f Dec. 2 2 , 1939, f r o m t h e S e c r e t a r y o f Bank o f America. -111939 (continued) D e c , 12 — L e t t e r from Delano t o A . P . G i a n n i n i w i t h r e f e r e n c e conferences j u s t p r e v i o u s l y held i n Washington. to Copy f u r n i s h e d by D e l a n o t o E c c l e s w i t h l e t t e r o f D e c . 28 and f i l e d w i t h t h a t l e t t e r i n F i l e #1>-, T r a n s a m e r i c a Corp., Voting Permit, Part Dec. 14 — Letter from 9. k** G i a n n i n i , P r e s i d e n t o f Bank o f A m e r i c a , t o Delano i n r e p l y t o h i s l e t t e r o f Nov. Dec. 22 — Letter 15. f r o m A . p . G i a n n i n i t o Delano w i t h r e s p e c t t o a l e t t e r o f Dec. 1 2 , 1 9 3 9 , a d d r e s s e d t o A . P . Giannini, as C h i i r r a n o f t h e Board o f D i r e c t o r s o f Bank o f A m e r i c a , by D e l a n o . D e c . 23 — Letter f r o m R . G. S m i t h t o D e l a n o w i t h r e s p e c t criticised to i t e m s i n agreement o f D e c . 1 5 , 1 9 3 8 . #12, Transamerica Corp., V o t i n g P e r m i t , (File Correspondence from Chairman's O f f i c e ) Dec. 23 — L e t t e r f r o m R . G. S m i t h , o f Bank o f A m e r i c a , t o D e l a n o w i t h r e f e r e n c e t o agreement b e t w e e n bank and s u p e r v i s o r y o f f i c e r s o f December 1 5 , 1 9 3 8 . certain T h i s was f u r n i s h e d t o E c c l e 3 by D e l a n o w i t h h i s l e t t e r o f J a n . 1 9 4 0 , and i s f i l e d w i t h t h a t D e c . 28 — letter. L e t t e r f r o m D e l a n o t o F v e r a r d , o f Bank o f America, w i t h r e f e r e n c e t o D e l a n o ' s l e t t e r o f Dec. 12, 1939, t o A. P. G i a n n i n i . by T h i s was f u r n i s h e d I c c l e s Delano w i t h h i s l e t t e r with that letter. o f J a n . 9 , 1 9 4 0 , and i s filed 9, -1£1939 (continued) D e c . 28 — Copy o f l e t t e r from D e l a n o t o each member o f Board o f D i r e c t o r s o f Bank o f A m e r i c a f u r n i s h e d t o F c c l e s D e l a n o w i t h h i s l e t t ' e r o f J a n . 9 , 1940, and i s with that by filed letter. 1940 Jan. £ — Telegram Delano t o E r e r a r d . Copy f u r n i s h e d t o E c c l e s by D e l a n o w i t h h i s l e t t e r o f J a n . 9 , 1 9 4 0 , and f i l e d with that Jan. 3 — letter. Telegram I v e r a r d t o Delano. Copy f u r n i s h e d E c c l e s D e l a n o w i t h h i s l e t t e r o f J a n . 9 , 1 9 4 0 , and i s with Jan. 8 — that is filed letter. Telegram. K e i n , D i r e c t a r o f Bank o f A m e r i c a , to Delano. Copy f u r n i s h e d t o E c c l e s by D e l a n o w i t h h i s l e t t e r J a n . 9 , 1 9 4 0 , and i s f i l e d w i t h t h a t Jan. 8 — T e l e g r a m D e l a n o t o Saein. 1/10/40 that letter. of letter. Copy f u r n i s h e d t o E c c l e s by Delano w i t h h i s l e t t e r o f J a n . with by 9 , 1 9 4 0 , and i s filed