Full text of Mimeograph Letters and Statements of the Board : Federal Reserve Board Announcement, Week Ended December 25, 1931, Number X-1530, Volume 35, Page 26

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X-1530
FEDERAL RESERVE BOARD ANNOUNCBIIENT
Y/EBK ENDED DECELBEB 25, 19 31
CHANGES IN STATE BANK MFXBEBSHIP;
13'
rii

Capital

Date

Admitted to Membership;
None.
Merged with No nm ember:

2

American Express Bank & Trust Co.,New Ycrk,N.Y..member, ^10,000,000
Equitable Trust Co., New York, N. Y., nonmember,
2,000,000
Consolidated under the title of the Equitable Trust
Co., nonmember (trust business retained; banking
business immediately transferred to Chase Nat. Bank).

12-19-31

Absorption of National Banks
2
2
6

8

Linden Trust Co., Linden, N. J., member,
Absorbed Linden National Bank, Linden, N. J., . . . .
Continental Bank & Trust Co., New York, N. Y., member,
Absorbed Industrial National Bank, New York, N. Y., .
Bank of Statesboro, jStatesboro, Ga», member
Absorbed First National Bank, Statesboro, Ga., . . .

200,000
200,000
4,000,000
1,500,000
100,000
100,000

12-23-2]

Absorbed by National Bank:
Franklin-American Trust Co., St. Louis, Mo., member, .
Absorbed by First National Bank in St. Louis, Mo., .

2,600,000
12,100,000

12-22-31

625,000
40,000
50,000
750,000
100,000
500,000

12-22-3?
12-1v~T_
12-22-31
12-22-31
12-24-3'
12-19-33.

12-19-0..
12-23-51

Closed:
2
5
7
7
8
12

Seacoast Trust Co., Asbury Park, N. J.,
Franklin Bank, Franklin, W. Va., .
Albion State Bank, Albion, Mich.,
American State Savings Bank, Lansing, Mich.
Peoples Exchange Bank, Bussellvilie, Ark.,
Hibernia Com,l & Savings Bank, Portland, Oreg.,. . . .




PERMISSION GBANTED TO EXERCISE TBUST POWERS:
None.