Full text of Mimeograph Letters and Statements of the Board : Letter From Secretary Morrill re Opinion of the Attorney General on Whether National Banks May Lawfully Establish Branches in Michigan, Number R-719, Volume 53, Page 171

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171

B O A R D OF G O V E R N O R S
OF THE

FEDERAL RESERVE SYSTEM
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R-719

WASHINGTON
ADDRESS

OFFICIAL C O R R E S P O N D E N C E
TO THE

October 23,

1940

Dear Sir:
In the past few months there have been
a number of references in the newspapers to the
question whether national banks may lawfully establish branches in the State of Michigan.

In

this connection, you may be interested in seeing
the enclosed copy of an opinion rendered fcy the
Attorney General of the United States with regard
to this question.
Very truly yours,

I ' D O i A U f
Chester Morrill
Secretary.

Enclosure
(Enclosure sent only with addressed copies)
TO THE PRESIDENTS OF ALL FEDERAL RESERVE BANKS

BOARD