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C AB LE A D D R E S S — B A M E R IC A L

A . P . G I A N N IN I
C H A IR M A N O r T H E B O A R D O F I




,E T R
COS

SAN FRANCISCO, CALIFORNIA

August 19, 1955*

Mr. Lawrence Clayton,
Assistant to the Governor,
Federal Reserve Board,
Washington, D. C.
Dear Mr. Clayton:
Would it not be advisable to make the appoint­
ment of the San Francisco Reserve Agent just as soon as
the Bank Bill has been passed? Otherwise, the local people
here will become aware of the situation and will bring con­
siderable pressure to bear through McAdoo and others to
secure the appointment of various candidates. I feel that
the appointment of Mr. McCarthy would be an excellent one
and if made at once would be acceptable to all the banks.
I would appreciate your taking up this matter
with your Chief.
Kindest regards.




J

U

N

19

E

Bank o f A m erica
National swings Association
C A L IF O R N IA




3

5

BANK OF AMERICA
NATIONAL

ASSOCIATION

Condensed Statem ent of C ondition. . . June 29,1935
RESOURCES
Gish in Vault and in Federal Reserve B a n k .................................
Due from Banks............................................................................
Securities of the United States Government and Federal Agencies
State, County and Municipal Bonds................... ............................
Other Bonds and Securities.................................................... .
Stock in Federal Reserve Bank and Investment in Federal Deposit
Insurance Corporation .........................................................
Loans and D iscounts..................................................................
Accrued Interest and Accounts Receivable. ..................................
Bank Premises, Furniture; Fixtures and Safe Deposit Vaults . . .
Other Real Estate Owned..............................................................
Customers' liability on Account of Letters of Credit, Acceptances
and Endorsed B ills ...............................................
Other Resources............................................................................
TOTAL RESOURCES................................................

♦61,518,915.11
61,535,994.98
344.708.535.77
98,818,074.66
35,550,760.71
3,830,803.71
438.074.141.78
7,166,552.75
35,768,492.54
8,512,383.84
17,825,862.29
585,867.55
$1,113,896,385.69

LIABILITIES

Undivided P ro fits....................................................
R eserves......................................................................................
Liability for Letters of Credit and as Acceptor, Endorser or Maker
on Acceptances and Foreign B ills...........................................
_
. Commercial..................................$275,116,851.80 )

Dep00tS Savings................................

718,534,757.71 \

TOTAL LIABILITIES...................................................

$50,000,000.00
32,500,000.00
16,791,766.18
2,877,137.00
18,075,873.00
993,651,609.51
$1,113,896385.69

This statement indudes die figures o f the London, England, Iwnlrmg office of Bank
o f America. N . T. & S. A. but does not include the Bank o f America (a California State
Bank) under identical management.

425 BANKING OFFICES IN 258 CALIFORNIA COMMUNITIES






CALIFORNIA
DIVERSIFIED IN

A G R IC U L T U R E A N D IN D U S T R Y
With a land area of more than ninety-nine
and a half million acres, California had,
acco rd in g to la st g o v ern m en t cen su s,
30,442,581 acres in "Lands in farms.” The
same government census rates the value of
farm property— land, buildings and imple­
ments— at $3,419,470,764.
California’s population, according to the last
census, is 5,677,251, having grown since
1860 from 379,994, a gain of nearly 1400
per cent. During the same period the country
as a whole increased in population only
slightly more than 290 per cent.
Crop and livestock income in 1934 amounted
to over $434,000,000.
California is also a great industrial state,
supporting over tw elve thousand
establishments, employing over
290,000 wage earners, w ith a
yearly payroll in excess of
$ 4 2 3 , 0 0 0 , 0 0 0 . Finished
products from her fac­
tories total over three
billions of dollars
r annually.

BANK of AMERICA SERVICE
COVERS CALIFORNIA
425 B R A N C H E S




IN

258 C A L I F O R N I A

COMM UNITIES

BANKof AMERICA
NATIONAL TRUST & SAVINGS ASSOCIATION
A f f il ia t e d B a n k s :

F IR S T N A T IO N A L B A N K , P O R T L A N D , O R E G O N
F IR S T N A T IO N A L B A N K , R E N O , N E V A D A
B A N K O F A M E R IC A . A C A L IF O R N IA S T A T E B A N K

19

J U N E ,

3

Bank o f A m erica
National s»JSngs Association
C A L IF O R N IA




5

This article is protected by copyright and has been removed.
The citation for the original is:
San Francisco Chronicle, “Bank America Deposits Gain; Resources Up,” July 1, 1935.




JUNE

.

.

.

19 3 5

Bank of America
A California State Bank




BANK OF AMERICA
(A CALIFORNIA STATE BANK)
This bank with branches in San Francisco, Berkeley, Davis, Eureka, Napa, Petaluma, Sebastopol, Sonora,
Ventura and Yuba City is an affiliate of Bank of America National Trust and Savings Association.

Condensed Statement of Condition, June 29, 1935
RESOURCES
Gish in Vault and in Federal Reserve B a n k ....................................
Due from B a n k s ............................................................................
Securities of the United States Government and Federal Agencies .
State, County and Municipal Bonds...................................................
Other Bonds and Securities................................... .....
Investment in Federal Deposit Insurance Corporation....................
Loans and Discounts .......................................................................
Interest Accrued on Bonds and L o a n s ..............................................
Bank Premises, Furniture, Fixtures and Safe Deposit Vaults . . .
Other Real Estate O w n e d .............................................................
Customers* Liability on Account of Letters of Credit, Acceptances
and Endorsed B i l l s ..................................................................
Other R e s o u rc e s ............................................................................
TOTAL RESOURCES........................................

$657,242.67
1,026,937.25
3,319,552.47
5,471,390.66
1,176,576.25
103,986.63
10,125,540.48
300,140.00
840,343.37
180,406.08
1,500.00
.............13,222.22
$23,216,838.08

LIABILITIES
C a p i t a l ......................................................................................
S u r p l u s ...........................................................................................
Undivided P ro fits ............................................................................
R eserv es...........................................................................................
Interest Earned but Not C ollected...................................................
Liability for Letters of Credit and as Acceptor, Endorser or Maker
on Acceptances and Foreign Bills..............................................
_
. Commercial ....................................$ 4,925,126.17)
Def ° s ,B to to 8, .........................................
iw w u !

20,302,060.30

TOTAL L IA B IL IT IE S ..............................................

$23,216,838.08




$1,500,000.00
500,000.00
493,525.25
119,612.53
300,140.00
1,500.00

JUNE

.

.

1935

Bank of America
A California State Bank







September 11, 1955.

Mr* A* P* Giannini, Chairman,
Bank of America, H* l»f
San Francisco, California*
Dear Mr. Gianninit
lour letter of August 19 reached me just
as 1 was leaving for a short trip west with Gover­
nor Rcclea*
While it is true there may be some dis­
advantage in postponing the appointment of Fed­
eral reserve agents at various points where vacan­
cies now exist, it is felt that in view of the new
Board provided by the Act, such appointments should
be made by the new Board rather than by the retiring
Board*
The enclosures received with your letter
were read witU a great deal of interest and when
I next see you personally, 1 shall be glad to
chat with you on the matters mentioned*
With kindest regards, I am,
lours sincerely,

Lawrence Clayton,
Assistant to the Chairman*

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