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:11.2 ( COPY ) X-4667 FEDERAL RESERVE BANK OF CHI CA.GO Chas. L. Powell, Counsel, Continental and Commercjal Bank Bldg. CHICAGO Au.gu.s t 11, 1926 Mr. Walter Wyatt, General Counsel FedeiRl Reserve Board, Washiilgton, D. C. My dear Mr. Wyatt: ..., Yoa perhaps will be interested to know of a case which I brought for the Federal Reserve Bank of Chicago out in one of the State District Courts in Iowa. The principal defendant was the National Surety Company which is a corporation organized under the laws of the State of New York. That Company took appropriate steps and removed the case from the State Court to the United States District Court for the Northern District of Iowa alleging as a ground diversity of citizenship and, in that connection, alleged that the Federal ~eAerve Bank of Chicagp was a citizens of Illinois within the mer:L:.ling of the Judiciary Act. i I filed motion to remand. to the State Court on the ground that Federal Reserve Bank of Chicago was not a citizen of any State. My motion was sustained a'1.cl the case was remanded but no formal opinion by the Judge was rendered. I, I relied upon the case of Bank:ers Trust Company v. Texas and Pacific Railway Co., 241 U. s. 295, and State of Texas v. Interstate Commerce Commission, 258 U. S. 158; and I have no doubt of the soundness of the conclusion of the coart that the Federal Reserve Bank under the present condition of the law cannot be considered a citizen of any State. Yours truly, I ,> (signed) CLP. Chas. L. Powell Chas. L. Powell, Counsel.
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