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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

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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




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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