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X-1530
FEDERAL RESERVE BOAED iNNOUNCEIvENT
WEEK ENDED AUGUST 21, 1931
O R A N G E S IN STATE B A N K M E M B E R S H I P :

Distriot

Capital

Date

Admitted to Membership:
None.
Consolidation of State Members:
2

Ivlidwood Trust Co., Brooklyn, N. Y., member, . . . ^1,000,000
Manufacturers Trust Co., New York, N. Y., member,
1,000,000
Consolidated under charter and title of latter.

6-11-31

Closed:
4
4
7
7

Commerce Guardian Trust & Savings Bank, Toledo, 0.
Union Savings & Trust Co., Warren, 0.,
Citizens State Bank, Big Rapids, ilich.
Peoples State Savings Bank, Britton, Ilich.,. . . .

1,400,000
550,000
50,000
25,000

8-17-31
8-20-31
8-21-31
8-20-31

3,500,000
500,000
400,000

8-17-31
8- 5-31

20,000
50,000

7-25-31

Absorption of Nonmembers:
5
7

10

American Bank & Trust Co., Richmond, Va., member,
absorbed Richmond Trust Co., nonmember, . . . .
Alpena Trust & Savings Bank, Alpena, Mich., member,
absorbed Montmorency County Savings Bank,
Hillman, Mich., nonmember, . . . .
Fidelity State Bank, Aurora, Nebr., member,. . . .
absorbed Giltner State Bank, Giltner, Nebr.,
nonmember

25,000

P E R M I S S I O N G R A N T E D TO E X E R C I S E TRUST POVFLSRS:

4
6

Logan National Bank & Trust Co., New Kensington, Pa.
(Limited powers)
Florida National Bank & Trust Co. in Miami, Fla. (Full powers)




8-14-31
8-14-31