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X-4801 FEDERAL RESERVE BOARD STATEME!TT FOR THE PRESS February 25, 1927 For immediate release. A branch of the Federal Reserve Bank of Richmond will be established at Charlotte, North Carolina, a~d a branch of the Federal Re- serve Bank of Dallas will be established at San Antonio, Texas. The Federal Reserve Board has had under consideration requests for the establishment of these br~~ches coming from the Boards of Direc- tors of the Federal Reserve Banks named, and after care~~l consideration of the needs of the torri tories to be served by the proposed branches has given permission for their establishment to take effect when the McFadden ba."'lking bill becomes law. ~1e McFadden Bill confers upon the Federal Reserve Board the right to require at any time the discontinuance of any branch Federal Reserve :Bank.
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