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X-1550
FEDERAL RESERVE BOARD ANNOUNCEIIIENT
WEEK ENDED DECEMBER 2 , 1 9 3 2

CHANGES IN STATE BANK MEMBERSHIP:
District

Capital

Date

Admitted to Membership
2

President and Directors of the Manhattan Company,
New York, N. Y.
$20,000,000

11-26-32

Absorbed by State Member
2
4

Bank of Manhattan Trust Co., New York, N. Y.
Absorbed by President and Directors of the Manhattan Company, New York, N. Y.
First-City Savings Bank, Barberton, Ohio, member
Absorbed by First Central Trust Co., Akron, Ohio,
member.

22,250,000

11-26-32

100,000

10-31-32

Drovers State Bank, South St. Paul, Minn., member
100,000
Merged with Exchange State Bank, nonmember, under new
charter and t i t l e of Drovers Exchange State Bank,
nonmember.

11-21-32

First State Bank, Rochester, Texas, member
Succeeded by Home State Bank, nonmember.

25,000

11-28-32

50,000

11-29-32

Succeeded by Nonmember
9

11

Voluntary Withdrawal
12

Live Stock State Bank, North Portland, Oreg.

NATIONAL BANKS GRANTED TRUST POWERS:
12

First National Bank, Eugene, Oreg. (Additional powers)

11-21-32

AUTHORIZED TO ACCEPT DRAFTS AND BILLS OF EXCHANGE
UP TO 100 PER CENT OF CAPITAL AND SURPLUS
2

President and Directors of the Manhattan Company, New York, N.Y. 11-26-32