Full text of Marriner S. Eccles Papers : Memorandum to Mr. Eccles, Box 9, Folder 2, Item 18

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

TREASURY DEPARTMENT
INTER OFFICE COMMUNICATION
DATE; May

To
FROM

28,

1934.

Mr. Eccles
H. H* Edflfeftteton.
RE:

Branch Banking Bill
(S# 605) reported out
of Committee by Senator
Barkley. May 2U*

This bill is not of great importance.
It simply
permits National banks to establish branches under certain
limited conditionstw*/*^^* '
"Whenever the United States shall own, or have, a
Federal reservation of any kind, in airy county or counties,
of any State in the Union in which reservation there is
no State, national, or branch bank$ any national bank in
any such county * *
may * * * establish therein a branch
of such bank # * * and that any national banking association
legally established and situated in a Territory or possession
of the United States may * * * establish and operate new
branches at any point within the Territory or possession
where such association is situated•"