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COPY TftEASUEY DIPAKZI&SRT CO :i'T80LLSE OF TH COTSOICY Washington 25 Siove iber £3, 1947 Confidential donor .ble v^rriner S. Eccles, Chtiraan, Board of Governors of the Federal Jiesarve System, Washington £5, D. C. Ter r Marriner: Persiit us to acknowledge your l e t t e r of Moveraber 24, 1947, advising th t tne Bosrd of Governors of the Fede"cl Reserve Systeii has under consider tion the i n s t i t u t i o n by the Bo&rd of Governors of a proceeding against Trsnsa-nerlca Comor tion under the Civ on Act and th t you expect to co'ie to © f i n a l decision in the t t e r within jeriod of not lore thon three months. You r ueat th t in the nu "ntiiae the C o n t r o l l e r of the Currency defer decision on oendin • \ I i r t i o n s to branch Transeiericu-owned banks into the branch yste^e of th- lenk of America Ketion-1 Trust nd Savings Association i-nd The F i r s t National Bank of portliind. For your inform t i o n , we enclos e co ii;s of letters we h^ve today s ent to the Bank of Afflerice K< t i o r u l Trui t find Savings Association *nd The F i r s t National Bank of PoTtl xid. i re agreeable to 5 reasonable delay in our consider tion of the two >ending a o l i c tioan but feel the applicant i s entitled to t d e f i n i t i v e answer ;t thv e> r l i e s t ofcsibl-i date. -leese l e t us knovr as soon as you h? ve reached a decision. Sincerely yours, (signed) Preston Delano Preston Delano Comptroller of the Currency C 0 F I November 28, 1947 Mr. S. C. Beise, Executive Vice President, Ban* of America Maticnal Trust and Savings Association, San Francisco, California. Dear Mr. Beise: Please refer to the request of the Bank of America National Trust end Savings Association to branch into i t s system the folloving Trsnsamerica-controlled bcnks ^nd their existing branches: F i r s t Trust & Savings Bank of Pasadena (3 branches) F i r s t H&tion&l B&nk of Crovs Landing Head Office of the Bank of Nevraen Crowe Landing Branch of the Bank of Xewaan Patterson Branch of the Bank of Nevman Qustine Branch of the Bank of Mevaaa Head Office of the Bank of Pinole in Crockett Pinole Branch of the Bank of Pinole Kcdeo Branch of the Bank of Pinole Bank of Tehechapi Central Bank of Calaveras, San Andreas Farmers and Merchants Bank of Watts F i r s t Rational Bank in Corcoran F i r s t Sational Benk in Santa Ana F i r s t National Bank i n Turlodc F i r s t Rational Bank of Bellflower F i r s t Metional Bank of F a i r f i e l d F i r s t Sational Bank of Garden Grove F i r s t National Bank of Los Altos Firat Sational Bank of San Jacinto F i r s t Xationel Bank of Veed Firat National Trust & Savings Bank of Santa Barbara Temple City national Bank of Temple City Tou v i l l recall that vhen you vere last here in Washington this matter vas discussed at same length. The Comptroller of the Currency is advised by the Board of Governors of the Federal Reserve System that the Board nov has under consideration the question of i n s t i t u t i n g proceedings under the Clayton Act against Transamerica Corporation. Under these circumstances, i t w i l l be necessaiy f o r t h i s o f f i c e to defer i t s decision on the above l i s t e d applications. Very t r u l y yours, (Signed) Preston Delano Preston Delano PDjAC c 0 p T November 23, 194-7 Mr. F. N. Belgrano, J r . , President, The First National Bank cf Portland, Portland, Oregon. Dear Mr. Belgrano; Please refer to the request of the First National Bank of Portland, Portland, Oregon, to branch into its system the folloving Transamerica-controlled bf.nks. First National Bank of Prineville F i r s t National Bank of Cottage Grove First National Ban* of Forest Grove Coolidge and McClalne, Silverton Scio State Bank, Scio Clatsop County Bank, Seaside Bank of Sweet Home Moreland-Sellvood Bank, Portland F i r s t National Bank of Eugene Benton County State Bank, Corvallia Ton w i l l recall that vhan you vare last here i n Washington this matter vas discussed at sonae length. The Comptroller of the Currency is advised by the Board of Governors cf the Federal Beserve System thet the Board now has under consideration the question of instituting proceedings under the Clayton Act against Transamerica Corporation. Under these circumstances, i t v i l l be necesssxy for this office to defer i t s decision on the above listed applications. Very truly ycurs, Preaten Delano Comptroller of the Currency