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FEDERAL RESERVE BOARD 510 WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE T O THE FEDERAL RESERVE BOARD J u l y 25, 1934. B-1002. ' Dear S i r : For your information and f o r v e r i f i c a t i o n , there are i n c l o s e d the f o l l o w i n g l i s t s of bank c l o s i n g s f o r your d i s t r i c t , based on reports received from your bank, and, i n the case of n a t i o n a l banks, from the Comptroller of the Currency's o f f i c e : . 1 . Banks suspended, January 1 to March 15, 1933* 2 . Licensed banks suspended, p l a c e d i n l i q u i d a t i o n , or p l a c e d on a r e s t r i c t e d b a s i s , March 16, 1933. to June 30, I93U. 3 . Ron-licensed banks p l a c e d i n l i q u i d a t i o n or r e c e i v e r s h i p , March 16, 1933 to June 30, 193^* In the case of the banks included i n the second l i s t , i t w i l l be appreciated i f you w i l l a s c e r t a i n and inform us which of the banks c l o s e d on accdunt of f i n a n c i a l d i f f i c u l t i e s , which were p l a c e d on a r e s t r i c t e d b a s i s , and which were placed i n voluntary l i q u i d a t i o n . In l i e u of information on c l o s e d banks now being telegraphed under codes SAVE, SBHV and SIMM, p l e a s e wire currently h e r e a f t e r , a g a i n s t the code words shown below, the name and l o c a t i o n of each l i c e n s e d bank which terminates e x i s t e n c e as such and/or d i s c o n t i n u e s banking operations: - 2 - B-1002. Code SUPP — Suspended a l l banking operations on account of f i n a n c i a l difficulties. REVE — License revoked and/or p l a c e d on a r e s t r i c t e d b a s i s on account of f i n a n c i a l d i f f i c u l t i e s . LIKK — Placed i n voluntary l i q u i d a t i o n . VERT — Converted i n t o or succeeded by another bank. Give f i r s t the name of the bank terminating e x i s t e n c e , then code word VERT, and then the name of the s u c c e s s o r bank. SOBB — Absorbed by or c o n s o l i d a t e d or combined with another bank. Give f i r s t the name of the bank terminating e x i s t e n c e , then code word SOBB, and then the name of the absorbing or continuing bank. If use of the appropriate code word does not adequately describe the circumstances of c l o s i n g i n any i n s t a n c e , p l e a s e i n d i c a t e any s p e c i a l circumstances i n connection with the bank's c l o s i n g of which you may be a d v i s e d . Very t r u l y yours, S TO ALL FEDERAL RESERVE AGENTS* J , R, Van Fossen, A s s t . C h i e f , D i v i s i o n of Bank Operations.
@FedFRASER