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t TREASURY DEPARTMENT WASHINGTON • COMPTROLLER OF THE CURRENCY ' Jamu ry £9, ] ADDRESS REPLY TO "COMPTROLLER OF THE CURRENCY" UP- - G: 7ernor: ». 01 j phi r4- ask* e t o t r a n s r'+ i t t o you and i f • I o f t h e • OUT men who wer< ' stror l y oprjosed to branch bankin ;, tf 3 ot them, namely, Strong "r" ; Y f i ' f f' o f rylfind i ispxs ' * i*€ o 1o n " r > T > 'vi CoP8TT*es?s •*••• + f• n" 1 '• m ' boro' h s since p< r»"cr^ s ~ t? te—T Ldc brsnch bsn lint 11 w« Chairman o'r> the CoTtonittee, St Bgallj also that of the bwenty-fiv( n .; < Bankin • and Currency Committee, sixteen are from s t a t e s i •« ' avc • ( •• i hav brancl: Lng In pnrne form outs Lde of c i t ; l i m i t s ; and t h a t our. th< Senate C out of nineteen M b e r s , twelve i *r States j'^ripn outride of ci bv l imxts* Very t r a l F. 0 . Detiutv Honorable . . E c c l e s , Governor* Federal ~^ V' a sh 3 n gtoxi | D • C • ith - • J ' b? STATES WHERE BRANCH BANKING IS^PEBMITTED ARIZONA State wide branch banking CALIWKNIA State v.lde branch banking CONNECTICUT State wide branch banking permitted if town IF without banking facilities or if bank takes over or consolidates with another bank located at any place Tdthin the state DVLAY/ARE State wide branch banking GEORGIA Permits branch banking within limits of municipality in which main office is located provided such municipality has a population of not less than 80,000 IDAHO Permits state vide branch banking if town is without bank or if applying bnnk takes rver existing bank t:. it has operated for five years or gets consent of e:d. sting banks INDIANA County irlde branch banking provided there Is no bank in such place (Definite opinion relative Indiana laws is being prepared by iur. McGrath) IOWA Branch banking permitted is same count" or counties contiguous to the county in which hone office- is located subject exclusion of cities and towns in which there is already an established bank in operation KENTUCKY Br-nch banking permitted rithin limits of municipality in nhich main office Is locat LOUISIANA Parish wide branch banking permitted. Amended by special Act providing that any bank with principal office in the parishes of Allen, Ualcasieu or Jefferson Davis may estai branches in any one or more of these parishes , State wide branch banking permitted if there is no n in place where branch is to be located or a unit bank or branch or another bank is taken over by applying bank fLANJD SSACHUSETTS MICHIGAN State wire branch banking Branch banking permitted within toi ere main offd i is located or in L. er town within the same county if other toT.n ioes not, have commercial bankii :ilitd State wide branch I c 4 MISSISSIPPI National banks may establish branches: rirst, in the City of their location; second, within the limits of the county; third, within the limits of adjacent counties; fourth, anywhere vdthin a 100 mile radius of the parent bank foccept that beyond counties adjacent to the count}* of the bank's location a branch may not be established in a torn of less than 3,500 population where a going bank has its main office MONTANA National bank consolidating with a State bank in the same or an adjoining county may operate a branch in the location of either consolidating bank NEVADA State ride branch banking NEW JERSEY County wide branch banking provided existing bank is taken over NEW YOPK Branch banking permitted rithin limits of banking district in which main office is located. There are nine banking districts in the State of Ner York NORTH CAROLINA State vdde branch banking permitted OHIO Branch banking permitted within limits of municipality in which main office is located and in city or village contiguous thereto or in other parts of the count-- or counties in which the municipality containing the main office is located. OKKGON State 7;ide branch banking permitted. In situation to-m rith population under 50,000 with bank or banks or ting there, a bank murt be taken over •:ISYLVANIA RHODE ISLAND SOUTH CAROLINA SOUTH Branches may be established in a city, borough or toy/nship in v/hich the bank has its principal place of business if a national bank located in that place was on March 1, 19T-7 operating a branch therein such privilege being limited to the corporate limits of the olace as they existed on rch 1, 1927. State wide branch banking State vide branch banking Lde branch 1 • nnitted subject to follow] conditions: In tovms of a population less than 3,000 a branch cannot be established whe (e th< '. an existing national or stat< •• •' transacting r customary banking businc iept thrc • • of or consolid* ti i SOUTH DAKOTA (Con't.) In c i t i e s or ]5,OOO in whi •' ' ' p> p u b l i s h e d exc of s "' sting ban ' busine Lth oi ach br; nc TENNESSEE Co- UTAH State wide bri ich 1 ' or in c i t i e s , tov.Tis or v i l l a g e s in whj J - "• ess. I : or gel •' : i ~"^ bi nks are State wide branc VIRGINIA National ban1' counties ' in - . - . . . . Ldation bed i f "t WISCONSIN 10 ] sea] b nk STAH BRANCH L£ PROHIBITED ILLINOIS . :: AKKv-i OKLAHOIAA COLO TEXAS FLORIDA • : ST." SOURI - Wo ] ai Tl STATUTE; . vidi ' i ILEHT Lng i u few Mexico - No lai HYOMING NOR1] liking i n ^n;r • " ^ , for b:
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