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FEDERAL RESERVE BOARD
WASHINGTON
address official correspondence t o
the federal reserve board

X-7669
November 3, 1933.
SUBJECTi

Right of National Banks t o
Establish Branches i n California,
South Carolina and Tennessee.

Dear Sir:
For your information there i s inclosed herewith
a copy of an opinion of the Acting Attorney General of
the United States, rendered under date of October 27,
1933, with respect to the right of a national banking ass o c i a t i o n located in the State of California, South Carol i n a , or Tennessee t o e s t a b l i s h branch banks beyond the
l i m i t s of the c i t y , town, or v i l l a g e in which the banking
association i s s i t u a t e d .
Very truly yours,

Chester Morrill
Secretary.
Inclosure.

TO ALL FEDERAL R3SERVE AGENTS.