View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Si

FEDERAL RESERVE BOARD
washington
ADDRESS OFFICIAL CORRESPONDENCE T O
T H E FEDERAL RESERVE BOARD




October 24, 1929,
St. 6364.

SUBJECT: Branchos of Member and
Nonmomber tanks.

Dear Sir;
A preliminary summary of the laws r e l a t i n g
to "branch tanking Which has come to hand since the
preparation of the statement on branch "banking as
of Juno 30, I929, i n d i c a t e s that on that date
branch banking was prohibited by law in Kansas and
West Virginia, in addition to tho other s t a t e s so
l i s t e d i n the statement.

I t i s , t h e r e f o r e , sug-

gested that tables 2 and 3 of the memorandum f o r warded to you with our l e t t e r St. 6335 of October 7
be corrected accordingly.
Very t r u l y yours,

E. L. Smead, Chief,
Division of Bank Operations.

TO ALL GOVERNORS MD FEDERAL RESERVE.AGENTS*