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FEDERAL RESERVE BANK OF SAN FRANCISCO

September 3 , 1943

Mr. L . P. £>ethea,
Assistant Secretary,
Board o f G o v e r n o r s . o f the
F e d e r a l Reserve System,
fissiiing t o n , D. C.
i>esr M r . £>ethea:
I n accordance w i t h the r e q u e s t c o n t a i n e d

in

y o u r l e t t e r o f August £ 6 , 1945, we a r e e n c l o s i n g two c o p i e s o f
an e x c e r p t f r o m a f i n a n c i a l column a p p e a r i n g i n t h e Los Angeles
Examiner o f A u g u s t l 5 , 1943, w i t h r e s p e c t t o a rumor

concerning

an o f f e r i n g t o i n v e s t o r s o f shares o f t h e F i r s t N a t i o n a l Bank
o f P o r t l a n d , O r e g o n , w h i c h you a r e u n a b l e t o l o c a t e .

As you

u n d o u b t e d l y know, t h i s o f f e r i n g o f s t o c k has s i n c e been
announced and t h e Board has been f u r n i s h e d w i t h d e t a i l s
Yours v e r y

truly,

(Signed) W. i 4 . V o l b e r g
Enclosures

thereof.

This file contained a transcript of a copyright-protected article that has been removed.
The citation for the original is:
Kelty, Carl S. “Kelty: Investors to Be Offered Stock of Portland Bank.” Los Angeles Examiner,
August 15, 1943.