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CO P I TELEGRAM 1943 MAY 18 PM 2 22 WA65G07MSH L13 (LONG) SF 18-957 McKEE BOARD F o l l o w i n g appears i n P a c i f i c Coast e d i t i o n W a l l S t r e e t J o u r n a l Tuesday, 1 8 t h : (Heading i n . c a p s ) on b i g L . A . bank purchase r e p o r t . Quote No o f f e r y e t (Ehd o f h e a d i n g ) . Unquote Word Reports from Washington i n c o n n e c t i o n w i t h a c t i v i t y i n c o n g r e s s i o n a l c i r c l e s looking t o t h e p o s s i b i l i t y o f new l e g i s l a t i o n c u r b i n g bank h o l d i n g company a c t i \ v i t i e s , t h a t n e g o t i a t i o n s by G i a n n i n i i n t e r e s t s t o t a k e over c o n t r o l o f C i t i z e n s N a t i o n a l T r u s t and Savings Bank o f Los Angeles have been i n p r o g r e s s , i s met by noncommital but n o t d i r e c t l y n e g a t i v e r e p l i e s on the coast. I n San F r a n c i s c o , G i a n n i n i spokesman had no comment t o make. I n Los A n g e l e s , P r e s i d e n t H e r b e r t D. I v e y o f C i t i z e n s s a i d : t i m e we have r e c e i v e d no o f f e r " . "Up t o this Word from Washington was t h a t new i n t e r e s t i n c o n t r o l l e g i s l a t i o n had been aroused by word t h a t Tranaamerica Corp. i n t e r e s t s were seeking t o buy C i t i z e n s N a t i o n a l , which i s now a bank w i t h upwards o f $200 m i l l i o n o f a s s e t s and w i t h 32 branches. of article). CLERK (End REJECT TRANSAMERICA L O S ANGELES CITIZENS - REQUEST D J NATIONAL A RESOLUTION AMERICA CORP THAT TION 124 BE THE AUTHORIZED NATURE OF CITIZENS BANK OF EACH OFFER AFTER AND T H E NEW YORK HAS OF FOR TRANS- ACQUISI- BANK IS INVITED BY T H E TO EXAMINE THE IVEY ADVISING STOCK A REPORT OF T H E STOCK STOCK OF INTERESTED PRESIDENT REPORT IN AT M A I N TO OF IN OF HIS THE THE THE NATIONAL IN I N THE DIRECT THEM AND OF A C T I O N W H I C H WAS O F F E R E D STOCKHOLDER http://fraser.stlouisfed.org/ -VFederal Reserve Bank of St. Louis IT PRESIDENT HEARING AN A N A L Y S I S BANK BY STOCKHOLDERS OF THE TAKEN REQUEST OF STOCKHOLDERS TO ALL BOARD BANK SHARES OF C I T I Z E N S THE RECEIPT DIRECTORS SAVINGS OFFER TO BOARD & OF DENYING SUBMITTED A LETTER OF 000 BOARD TRUST ADOPTED OF - CITY EXCHANGE OFFER LETTER OFFICE OF T H E BANK COPY TELEGRAM 1943 May 19 PM 1 48 WA49G12VVASH L27 SF 19-1037 McKEE BOARD P a c i f i c Coast e d i t i o n W a l l S t r e e t J o u r n a l May 19 c a r r i e s statement t h a t A. P. G i a n n i n i , Chairman, Transamerica C o r p o r a t i o n , has s u b m i t t e d t o d i r e c t o r s o f C i t i z e n s o f f e r t o exchange shares N a t i o n a l C i t y f o r C i t i z e n s . Upon r e q u e s t I v e y i s sending p h o t o s t a t s o f l e t t e r t o g e t h e r w i t h copy o f he i s making t o directors. CLERK statement
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