Full text of Records of the Federal Reserve System, Record Group 82 : Bank Suspension Study of 1936, Box 1699, Folder 2

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Federal Reserve Bank of St. Louis

•
FEDERAL RESERVF: BANK OF CHICAGO
July
Eight
19 37

RECEIVED

JUL 9- 1937
Board of Governors of the
Federal Reserve System
Washington, D.C.

DIVISION OF
OPERATIONS

Attention: Mr. J. E. Horbett, Assistant Chief
Division of Bank Operations
Dear Er. Horbett:
As requested in ypur_lettar _of July 7, we
copies
of Form FR 2 d for the banks listed
enclose
therein.

Yours very truly,

July 7, 1937

Zr, C. S. Young, Vic* President,
Federal Peserve Bank of Chicago,
Chicago, Illinois.

Dear Mr. Young:
Feferring to dr. Smead's letter of June 24, 1936, to
President Schaller, relating to the classification of banks as of
December 31, 1935, it will be appreciated if you will furnish us with
a copy of Form FP 246d for each of the following non-insured nonmember
banks in your district classified as wcommercial' banks in the typowritten list of banks furnished you with 4r. Smeadls letter of June
26, 1936,
Indianst
Bankers Trust Company
Wainright Trust Colipuny

Gary
Noblesville

:Atchigia
Ann Arbor
Bay City
Detroit
Detroit
Detroit
Grand hapids
Grand hapids
L.ansing
Muskegon

Ann Arbor Trust Company
Bay Trust Company
Detroit Trust Company
Equitable Trust Company
Union Guardian Trust Company
Grand Rapids Trust Company
Michigan Trust Company
Central Trust Company
Lifinkers Trust Company
Very truly yours,

Original sent by air mail
12.11LJDX„Mika7
J. L. Horbett, Asst. Chief,
Division of Sank Operations.
"Fr

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Federal Reserve Bank of St. Louis

(U)[f=5)

FEDERAL RE SERVE BANK OF CHICAGO
April
27
19 37
RECEIVED
Board of Governors of the
Federal Reserve System
Washington, D. C.

APR 2 8 1937
DIVISION OF
BANK OPERATIONS

Attention: Lir. E. L. Smead, Chief
Division of Bank Operations
Dear Lit. Smead:
In response to your Trans 247a-g uyil 26, I list herewith the names of
the banks included in the first three ratios'orlemand to total deposits as
shown on Table I submitted in response to your letter of July 10, 1936, relating
to classification of banks on December 31, 1935, together with their demand and
total deposits:
Demand
Total
Deposits
Deposits
Name of Bank
Location
Group 1 -

0.0 per cent

Insured nonmember c omiaercial banks
Commercial Trust 6: Savings Bank
Charles City, Iowa
Ithaca Savings Bank
Ithaca, Michigan
Clinton County Savings Bank
St. Johns, Michigan
The Northwestern Loan & Trust Co.
Kenosha, Wisconsin

$336,000/
0
0
0

363,000
488,000
193,000

Non-insured nonmember commercial banks
Liillikin Trust Co.
Decatur, Illinois
First Trust Co.
Appleton, Wisconsin
Group 2 - 0.1 to

4.9

per cent

State bank member
Chicago, Illinois
Detroit, Michigan

Personal Loan and Savings Bank
The United Savings bank

563000
158,000

$ 3,161,000
16,215,000

107,000
15,000
99,000
17,000

7,841,000
2,579,000
2,541,000

Insured nonmember commercial banks
Chicago, Illinois
Kankakee, Illinois
flishawaka, Indiana
Clinton, Iowa
Janesville, Wisconsin

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Federal Reserve Bank of St. Louis

Drovers Trust & Savings Bank
City Trust & Savings Bank
First Trust & Savings Bank
Clinton Savings Bank
Rock County Savings & Trust Co.

32,000

935,000
1,466,000

FEDERAL RESERVE DANK OF CHICAGO

Name of Bank

Location

Group

3 - 5 to 9.9

Demand
Deposits

Total
Deposits

per cent

Insured nonmember commercial banks
Greencastle, Indiana
Sheboygan, Wisconsin
Wausau, Wisconsin

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Federal Reserve Bank of St. Louis

The Central Trust Co.
Sheboygan Trust Co.
Wisconsin Valley Trust Co.

Yours y5y t uly,

I/.
ire

$47,000
11,000
65,000

,720,0100
120,000708,0N)-

•
FEDERAL RESERVE BANK OF CHICAGO
230 SOUTH LA SALLE STREET

April
Eight

H ave) /

19 37

APR 10 1937
Board of Governors of the
Federal Reserve System
Washington, D. C.

DIVISION OF
BANK OPERATIONS

Attention: Mr. E. L. Smead, Chief
Division of Bank Operations
Dear

Smead:

er, we give
In reply to your letter of April 6, addressed to Li-. Schall
ber
nonmem
insured and non-insured
you herewith the information requested on
commercial banks in this district:
Total
Lanimum capital
l
Capita
l
Capita
required for
t
Deposits Population
Accoun
Stock
F.R. membership
Name of bank
(1) Farmers & Merchants Bank
25,000
Clay City, Indiana
Insured
1(2) The Citizens Bank
100,000
Elmwood, Indiana
Bank
Brightwood State
200,000
Indianapolis, Indiana
Central State Bank
200,000
Indianapolis, Indiana
Madison Avenue State Bank
200,000
Indianapolis, Indiana
The Northwestern State Bk.
200,000
Indianapolis, Indiana
Lassaof
Bank
State
The
chnsetts Avenue
200,000
Indianapolis, Indiana
Lank
State
South Marion
100,000
Marion, Indiana
Bank
';.estern State
200,000
South Lend, Indiana
Lk:
Commercial Tr. & Say.
100,000
Charles city, Iowa
Lakeview State Bank of
100,000
Battle Creek, lichigan
Randall State Bank
100,000
Madison, Wisconsin
'Lank
State
Side
South
100,000
Madison, Wisconsin
:on-insured
Citizens Loan & Trust Co.
100,000
Lebanon, Indiana

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Federal Reserve Bank of St. Louis

‘55,000s

74,000 4685,000

859

25,000

42,000

380,000

10,685

25,000

47,000

318,000

364,161

35,000

38,000

280,000

364,161

25,000

59,000

502,000

364,161

25,000

54,000

360,000

364,161

25,000

38,000

727,000

3611,161

25,000

37,000

127,000

2/1 ,1'96

25,000

141,000

109,000

104,193

25,000

11 4,000

336,000

8,039

25,000

32,000

485,000

43,573

25,000

36,000

200,000

57,899

45,000

49,000

116,000

57,899

25,000

50,000

428,000

6,445

FEDERAL RESERVE BANK OF CHICAGO

With respect to (1), we failed to include the bank listed in Table
State.
D). 7 for Indiana, and so are enclosing revised table for that

Yours very truly,

A. L. Olson
Assistant Vice-President
:L:FE

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Federal Reserve Bank of St. Louis

REVISED FIGURES
CLASSIFICATION OF NO1TLM3ER COLIERCIAL DAMS OPERATING NO BRANCHES OUTSIDE THE HEAD OT ICE CITY ESTABLISHED AFTER
10.32UARY 25, 1927, WITH CAPITAL* LESS TRAY f.)50,000, LOCATLD IN PLACES WITH A POPULATION NOT EXCEEDING 3,000,
ELIGIBLE FOR FEDERAL RESERVE 1.21,MEMaT.IP UNDER THE PROVISIONS OF REGULATION H, SECTION 2, PARAGRAPH (a),
SUB—PARAGRAPHS (1), (A) AND (B): DECEMBER 31, 1935,
State
INDIANA
SEVEN
P.R. Dist. No.
Class of banks INSURED NONMEMBER CONMERCIAL BANKS

TABLE NO.

7 --

(a) According topuoulation

(b) According to amount of capital*

Total
1
capital
Present
Number
Banks in places with Number
account**
of ban.]:s Banks with capital* of: of banks capital*
population of:
In thousands of dolla:

Banks with the following
amounts of deposits:

Total deposits

Number
of banks

In thousands of
dollars

4t5

250 to .499.

5_ .

$25,100 to $49,900

1,275,0

1,938

Under $100,000

3,21?.,4

3Y 79°

$100,000 to $1

500 to 999

1,000 to 2,499_

2,500 to 2,999***

$25,000

Under 250__________________

136.

Totals

5,728.

3,2490

$250,000 to $499,000

41 .... _ ... _... __..... J-3/.504
_____

3999,000

$2,000,000 and over

4,485,4.

136.

___ 52_ .. ___ ......._.?1,473

1,000,000 to 1,999,000

1
Total

$150,000 to $249,000

$500,000 to
.

_ , ... __.

Totals

1,908_

3
0

136

30,804.

Corporation (total of
*Pax value of common and preferred stock plus capital notes and debentures sold to Reconstruction Finance
Items 7, 9, 11 and 13 on Forms FR 246c and d).
**Item 14 on Forms FR 245c and d. (Boo:: value of capital stock, capital notes and debentures, surplus, undivided profits and reserves.)
the number of banks,
***Include in this group 17,7111.rs located in places with a population of exactly 3,000, and show in a footnote
if any, so located.

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Federal Reserve Bank of St. Louis

411.10113

i.J

Jctober 24, 1136

ir. John L. Sweet
Division of Research
Yedertl heserve Bank of C:dcago
CAcago, Illinois

Dear ir. Sweett
Tae question _las been raised again

to ;;hether we are

likely to be able to collect any satisfactory inforwition at this
time with respect to wtivers of deposits at nttional Llab btate
banks, both before the banking aoliday

as well as incident to re-

organization following the banking holiday.

Quite likely you

Eccumulated such a list of questions on your visit here that you
have been unable to find time as yet to look into this natter.

shall apprecitAe it, however, if you will drop me a note as to
flether you have had 01 opportunity to look into it tinc,if so, whether
any appreciable amount of work would be involved in assembling the
available data.

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Federal Reserve Bank of St. Louis

Very truly yours,

J. J. Horbetts Ass t. Chief,
Livision of Bank Operations.

I____L=-7=

(1(

Divisloo el an
Operations

FEDERAL RESERVE BANK OF CHICAGO
230 SOUTH LA SALLE STREET

September
Second

1 93 6

Board of Governors of the
Federal Reserve System
Washington, D. C.
Attention: Mr. E. L. &mead, Chief
Division of Bank Operations
Dear Mr. &mead:
With reference to your letters of June 24 and July 10, and as
requested in Lit. Horbett's-retter of August 14, I enclose the following
tables:
Table No. 6

-- Classification of nonmember banks operating
no branches outside the head office city
established after February 25, 1927, not
eligible for Federal Reserve membership
on the basis of the capital requirements
of Regulation H, Section 2, paragraph (a).

Table No.

7 -- Classification of nonmember commercial banks
operating no branches outside the head office
city established after February 25, 1927,
with capital less than ,;50,000, located in
places with a population not exceeding 3,000,
eligible for Federal Reserve membership under
the provisions of Regulation H, Section 2,
paragraph (a), sub-paragraphs (1), (A) and (B).

Also enclosed are duplicate copies of schedule FR 246b for each
State member bank operating no branches outside the head office city established after February 25, 1927, not eligible for conversion into a national
bAnic on the basis of the capital requirements prescribed in Section 5138
U.S.R.S. You will note that there were no such banks in Wisconsin.
In computing the total of items 7, 9, 11, and 13 on schedules
d, it was discovered that item 14 on schedule FR 246c submitted
and
2460
FR
by you for one bank in Michigan was out of line with the above items and
should have been reported as 56.3 rather than 563 as shown. Therefore, it
has been necessary to prepare a revised Table ho. 4 for insured nonmember
commercial banks in Michigan, which table is enclosed.

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Federal Reserve Bank of St. Louis

FEDE RAL RESERVE BANK OF CHICAGO

I believe the enclosed tables complete the information requested
by you to date on classification of member and nonmember banks in the
Seventh district.

Very truly yours,

First Vice President

BLsFE

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Federal Reserve Bank of St. Louis

•
t.;:9:Sito' arj

datiih
141.'4111014

FEDERAL RE SERVE BANK
August

ieLivED
atut
OF CHICAG
1/-0
—

AUG 29 1936
olvisioN OF

19 36

BANK OPERATIONS
Board of Governors of the
Federal Reserve System
Washington, D. C.
Attention: 1.1r. E. L. Smead, Chief
Division of Bank Operations
Dear Ls*. Smead:
With
July 10, and
Asaralt12, I
of nonmember
par list.

_2)

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Federal Reserve Bank of St. Louis

reference to_your letters of June 24 and
as requested in I]r. HorbettfsTralnEr1M,..—
enclose Table No. 5, showing classification
commercial banks not on the Federal Reserve

Also enclosed is revised Table No. 4 for Wisconsin,
the classification of one bank in that State having been
changed since the original table was sent you on August

24.

truly,

Yours ve

ent

FEDERAL RESERVE BANK OF CHICAGO
230 SOUTH LA SALLE STREET

Augst
24
19 36

Board of Governors of the
Federal Reserve System
Washington, D. C.

fitc44.0
AUG
26.1936'
G42$14
F
114'V,(OPER471041S

Attention: rr. E. L. Snead, Chief
Division of Bank Operations
Dear Yr. Smead:
With reference to our letters of Juno 24 and
July 10, and as requested in ;:.r. 1=.erbe t s e or
-7xagiig 12, I enclose Table No. 4, showing classification
of banks according to ratio of capital account to total
deposits, as of December 31, 1935.

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Federal Reserve Bank of St. Louis

„
ipi;S\9;

„

Operat:104, ikte
A`Alik

Daspalzer 31, 135
In thousands of dollars

F.R. List.

Lafayette Savings bank
LaPorte Savings .61xnz
St. Joseph County .avings Bank

Lafayette
La P'rte
South Bend

beloit
Beloit Savings bank
Commonwsalth gutuel Savings Bank Milwaukee
Milwaukee
Guardian Wutual 6avings Bank

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Federal Reserve Bank of St. Louis

Indiana

21
18
65

Wisconsin

26
6

•
FEDERAL RE SERVE BANK OF CHICAGO
August
Twelve

//tS,_a))

19 36
RECEIVED

AUG 13 1936
DIVISION Of

a:d of Governors of the
o/
Federal Reserve System
Washington, D. C.
Attention: Ir. E. L. Smead, Chief
Division of Bank Operations

BANK OPERATIgn

Dear Er. Smead:
As requested in your_lOttara. QX. June 24 and July 10, addressed to
g to
Er. C. S. Young, we endne Table 1, showing classification accordin
nonof
December
on
ratio of demand deposits to total deposits
insured nonmember banks in this district. Also enclosed ere Tables 2
showing as of the same date classification according to population
and
of deposits, and accordof places in which located and according to amount
g to amount of
accordin
ing to population of places in which located and
loans and investments, of the following:

31, 1935,

Non-insured nonmember commercial banks
Insured mutual savings banks
Non-insured mutual savings banks
r
Copies of Schedule FR 246d covering each non-insured nonmembe bank, other
.
than commercial bank, likewise are enclosed
The number of banks excluded from any summary is shown below the body
thereof together with any available data called for by the summary.
Since sending you the tables for insured nonmember commercial banks
_s_n_Lagyet 8, it has been found that an erroneous population classification
was made for one bank in Illinois and three in Iowa. Therefore, we are
for these two States.
sending you herewith revised 7ables 2 and

"77e believe that all data requested in your letters have now been
forwarded.

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Federal Reserve Bank of St. Louis

Yours

-1,-tru1y,

Presidellt

S
/

FEDERAL RESERVE BANK OF CHICAGO
August
Eight

P
Ceipc,

mittiy Bank

19 36

Fi!".
Onpr3tions

0081 17494
414*op ode.
"%
1

Board of Governors of the
Federal Reserve System
Washington, D. C.
Attention: Liz. E. L. Smead, Chief
Division of Bank Operations
Dear Lr. Smead:

As requested in your letterq af_Alune 2.4,Apci.jiay,j,,O, addressed to
Tables 1, 2, and 3, showing classification of
Mr. C. S. Young, we end
insured non-member commercial banks, according to ratio of demand deposits
to total deposits; according to population of places in which located and
according to amount of deposits; and according to population of places in
which located and according to amount of loans and investments on December 31,

1935.
With respect to your letter of June 26, enclosing a printed list of
in this district, the schedules FR 246c sent us agreed 'with
banks
insured
this list. However, your reconcilement sheet for the State of Indiana of the
number of State banking institutions, likewise enclosed with that letter,
showed 284 insured commercial banks and 6 private banks in the Seventh district, whereas the actual count of both the schedules and the printed list
vas 285 commercial banks and 5 private banks. Similarly, a count from the
list of Eighth district banks in that State shows 76 insured commercial and 1
private bank, as against 77 and 0, respectively, on the reconcilement sheet.
We assume the differences are due merely to an error in counting these banks
from the list, and so are sending our tables for this State on the bapp of
the actual count, but shall appreciate your advice_if_we are in error_; In
all other respects our records on the number of banks agree with yours.
The tables for national and State member banks were sent la.. Van
Fossen on August 5; those for non-insured non-member commercial banks, and
for insured and non-insured mutual savings banks will be sent you within a
few days.

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Federal Reserve Bank of St. Louis

Presid
'

e-*

FEDERAL RESERVE BANK OF CHICAGO)
August
Five

19 36

hoard of Governors of the
Federal Reserve System
Washington, D. C.

Attention: Yr. J. R. Van Fossen, Assistant Chief
Division of Bank Operations
Dear 11-..r. Van Fossen:

In accordance with my telegram of yesterday and as reand July 10, addressed
quested in Li.. Smeadvs letters of June
showing classification
to Lir. Young, I enclose Tables 1, 2, and
district, by
Seventh
in
the
borks
member
and
State
national
of
total
deposits;
to
deposits
demand
of
ratio
to
according
States,
and
according
located
in
which
of
places
population
to
according
to amount of deposits; and according to population of places in
which located and according to amount of loans and investments.

24
3,

The tables for non-member insured and non-insured banks
will be sent you before August

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Federal Reserve Bank of St. Louis

15.

Yours v),/ truly,

dent

FORM F. R. 24S

(

TELEGRAM
BOARD OF GOVERNORS
OF THE

410\

FEDERAL RESERVE SYSTEM

•

LEASED WIRE SERVICE

RECEIVED AT WASHINGTON, D. C.

124 G B

41
CH

•

AGO AUG 4-36-243 P
•

VAN FOSSEN
BOARD WASHINGTON

RE TEL TODAY

TABLES 1

AND

FOR NATIONAL AND STATE MEMBER

BANKS AS REQUESTED IN LETTERS JUNE 24 AND JULY 10 BEING MAILED
TOMORROW

ALL TABLES FOR NONMEMBER BANKS WILL BE COMPLETED BEFORE

41
40

AUGUST 15

SCHALLER

245 P

•

•
•

•

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Federal Reserve Bank of St. Louis

Form F. R. 148 b

TELEGRAM
BOARD OF GOVERNORS

pr•

OF THE

FEDERAL RESERVE SYSTEM
LEASED WIRE SERVICE

WAS H I N GTO N

August

4, 1935

Schaller - Chicago
1111111:y
St,n Francisco

raw

Referring to Mr. Smeadts letters of June 24 and July 10 with
irespect to classifications of member and nonmember banks, will apprec
ate it if you will forward any part of Tables

2, and 3 which have

been completed and advise when remaining tables may be expected.

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Federal Reserve Bank of St. Louis

VAN FOSSEN

FEDERAL RESERVE BANK OF CHICAGO
230 SOUTH LA SALLE STREET

July
29
1936

Board of Governors of the
Federal Reservo System
Washington, D. C.
Attention: Ia.. J. E. Horbett, Assistant Chief
Division of Bank Operations
Dear A*. Horbett:
As requested in your letter of July 20, we enclose copies
of schedules FR 246a, b, c, and d, coverinc each National
-State bank member, nonmember c mmercial bank and .Ggutual saViitep.
// - bank, for which one or more ranches is shown against Item 15 of
the schedule.

/7/ a,t4 i/974Yours very truly,

BL:FB

7A4

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Federal Reserve Bank of St. Louis

/41.4

. 7/0.0
ge *hew

Yaffe

July 21, 1936
Mr. C. S. Young,
Assistant Federal Reserve Agent,
Federal Reserve Bank of Chicago,
Chicago, Ill.
Dear Mr. Young:
Reference is made to Mt. Snead's letter of July 16 addressed to
you, and to the schedules FR 246c and d covering insured nonmember bank::
in your district sent to :r7ur bank or the :IRMO date.
Through inadvertence, the amount

of surplus of mutual savings banks

was not shown against /tem 13 of schedules 2464. The amounts are shown
will
below (in thousands of dollars), and it will be appreciated if you
ve banks:
have them inserted in the schedules covering the respecti
Wians.
Lafayette
Lafayette Savings Bank,
LaPorte
LaPorte Savings Bank,
St. Joseph County Savings Bank, South Bend

223
250
375

Wi0C014in
Beloit
3sloit Savings Bank,
waukee
Bank,Mil
Savings
Mutual
Commonwealth
e
Milwauke
Bank,
Savings
Guardian Mutual

50 '
47 •
2

Very truly yours,

J. E. Horbett, Lest. Chief,
Division of Bank Operations.

••••••

JEH/lee

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Federal Reserve Bank of St. Louis

40.•

FEDERAL RESERVE BANK OF CHICAGO
230 SOUTH

LA SALLE STREET

July 18, 1936

Division of E-

OFFICE OF THE

RECEIVED

CHAIRMAN OF THE BOARD AND
FEDERAL RESERVE AGENT

JUL 20 1936
DIvisioN OF
BANK OPERATIONS
Mr. E. L. Smead, Chief
Division of Bank Operations
Board of Governors of the Federal Reserve System
Washington, D. C.

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Federal Reserve Bank of St. Louis

Dear Mr. Smead:
Referring to yrair lett,pr_pf,July 161 1936, with
respect to classifications of member and nonmember banks.
We have today received schedules FR 246c and d
covering all insured nonmember banks in our district.
Yours very truly,

C. S. Yo
Assist t Fed ral Reserve

July 15, 1936
Mr. A. L. Olson
Assistant Vice-President
Federal Reserve :)ank of .,(Licago
Chicago, Illinois

Dear Mr. Olsont
Receipt is acknowledgea of your letter of 'Nay

i!4th re-

gird to the classifications of member and nonmember banks
to in our letter of June 26.

referred

It is noted that the data for non-

insured banks called for by Yorn FR 246d can be compiled from annual
reports of State bankin6 uepartments or from bankers directories except that the items of i::emi.Ane depof,its, United States uovernment
securities and Other securities apparently cannot be obtained in
several cases, and thet, more frecuent4, the amounts of Real estate
loans and Loans on securities cannot Le determined.
We are interested in havitv as complete a coverage
able of the item eemanU deposits,

practic-

at it is not as important that tee

amounts of the other four items mentioned in your letter
obtained for every bank.

should be

circumattes, it will be satisfactory

for you to compile the desired data to the extent that the figures can
be obtained from the sourcee inuicated in your letter, without calling
upon the State banking departments. le shall appreciate advice, how-

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Federal Reserve Bank of St. Louis

r. A. L. Olson -- 2

ever, as to the number of betwa, by 5t.tea, for shich the bmount of
any item or items esaaot be determinea or satisfactori4 estimateo.
Very truly yours,

E. L. i;;a1c,u(1,
Liviz,ion of Beak Operations.

97/ivh
IL
Jaivab

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Federal Reserve Bank of St. Louis

CO1

•
FEDERAL RESERVE BANK OF CHICAGO
230 SOUTH LA SALLE STREET

July
13
1936

61f,k 0;‘c7J 4j- ;)ns Pa
RECEIVED

JUL 15 1936
board of Governors of the
Federal Reserve System
Washington,

DIV1SioN OF
BANK OPERATIONS

Attention: I:Ir. E. L. Smead, Chief
Division of Bank Operations
Dear ::r. Snead*
Referring to paragraph 3 in your letter of. Juno 26 . 1936, to I]r.
C. S. Young, we find that Iowa, Il/i-m5-5767-6.11.71-11isconsin are the only
States of this district which have publisl)ed the December 31, 1935 call
reports of individual banks. Neither the Iowa nor the Wisconsin individual statements make any distinction between United States Government
obligations and other securities, and there has been no segregation of
demand deposits in these States. We find, however, that rather complete
statements of individual banks in all States are given for December 31,
1935, in the Llarch 1936 edition of Polk's Bankers Encyclopedia. These
data when supplemented by the additional information contained in - and
McNally's Bankers Directory and by such data as have been published by
State banking departments nearly complete the information requested in
16
your schedules for non-insured banks, except for the omission of items
s,
several
instance
In
loans).
estate
(loans on securities) and 17 (real
however, item 2 (United States Government securities) is not segregated
frqm item 3 (other securities), and in a few cases no figures are given
for item 13 (demand deposits).
In view of these circumstances, we should like to have you let us
know whetherwe should make arrangements to compile the data from such
figures as we alreakr have available or whether you prefer that we send
schedules to each of the State banking departments in order to obtain
greater accuracy and completeness.

Very truly yours,

A. L. Olson
Assistant Vice-President
JLS:FE

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Federal Reserve Bank of St. Louis

•

FEDERAL RESERVE Biffir8F CHICAGO
RECEIVED
230 SOUTH

LA Slit a;1:1736
-

July 1,
ORFICE OF THE

193PIV1SION OF
BANK OPERATIONS

1936 JUL 3 AM 8 59

CHAIRMAN OF THE BOARD AND
FEDERAL RESERVE AGENT

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

TEH
i EDF:11AL 11ESERVE SYSTEM

Board of Governors of the Federal Reserve System
V;ashington
D. C.
Gentlemen:
Receipt is acknowledged of Mr. Smead's letter of June 26,
1936, enclosing a list of insured banks in our district as of
December 31, 1935, by States, o list of non-insured nonmember
banks, and a reconcilement of the number of State banks in
these lists with the number of banks shown by the State banking
department as of December 31, 1935.
Yours very truly,

C. tr: oung
Assistant Feder

Reserve Agent

FEDERAL RESERVE BANK OF CHICAGO

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

230 SOUTH LA SALLE STREET

Juno
30
19 36

Division rf EL'nk Op•erations File

RECEIVED

JUL 2- 1936
Board of Governors of the
Federal Reserve System
Washington, D. C.

DIVISION OF
BANK OPERATIONS

Attention: Lr. E. L. Smead, Chief
Division of Bank Operations
Dear Lir. Smead:
I an writing to acknowledge receipt of yoBr_lattar.
the accompanying schedules. The abstracting
avilud
of ilune
data
for
member banks is now under way and should be
of the
completed within a relatively short time.

Very truly yours,

Assistant F

eserve Agent

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Federal Reserve Bank of St. Louis

(0)
Kano)

FEDERAL RESERVE BANK
OF
ST_ Louis

JUL 9- 637
DIVISION OF
BANK OPERATIONS
July 8, 1937.

Board of Governors of the
Federal Reserve System,
Washington, D. C.
Attention:

Mr. J. E. Horbett, Asst. Chief,
Division of Bank Operations.

Gentlemen:
As requested in your telegram of July 7,
please find attached copy of Form FR 246D for Potteratlock Trust Company, BowlinT Green, Kentucky,
classified as a non-insured, non-member "commercial"
bank in the classification of all banks made by the
Board as of December 31, L?11
Yours very truly,

Vice President.

FOr144 F. U. 148 1)

TELEGRAM
BOARD OF GOVERNORS
OF THE

FEDERAL RESERVE SYSTEM
LEASED WIRE SERVICE

WASHINGTON

July 7, 1937

Stetistit - St. Louis

Referring to Mr. Smead's letter of June 24, 1936, to
President Martin, relatingto classification of banks as of
December 31, 1935, please mail copy of Form FR 246d for
Potter-Matlock Trust Company, Bowling Green, Kentucky,
4111011assified as a non-insured nonmember "commercial' bank in

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

typewritten list of banks furnished with our letter of June
26, 1936.

HORBETT

16-- 4573

GPO

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Federal Reserve Bank of St. Louis

FEDERAL RESERVE BANK
OF

ST_ Louis

RECEIVED

April 27, 1°37.

RECEIVED

APR 29 1937

1937 APP. 29

DIVISION OF
BANK OPERATIONS
Board of Governors of the
Federal Reserve System,
lashington, D. C.
Attention:

AM 8 51

THc
:""F:r\L ikESER\L SYSTEM

E. L. Smead,
Division of sank Jperations

Gentlemen:
As requested in your telegram, Trans: 2478
dated April 26, 1937, please find enclosed staterent
showing, name, demand deposits, and total deposits of
each bank reported a„:ainst the first three ratios of
demand to total deposits of Table 1, submitted in
rospoLse to your letter of July 10, 1936, relating
to classification of banks on December 31, 1935.
Yours very truly,

Cashier.

STATEMENT OF BANKS IN EIGHTH FEDERAL RESERVE DISTRICT HAVING RATIO OF DEMAND TO TOTAL DEPOSITS LESS
THAN 10 PER CENT, AS OF DECEMBER 31, 1935.

Name

Class of Bank

Ratio of
Demand Deposits
Total Deposits to Total Deposits
Demand Deposits
dollarirof
thousand
Tfi

Bank of New Albany,
New Albany, Miss.

Non-insured Commercial

608

7.4 %

Murphysboro Savings
Bank,
Murphysboro, Ill.

Insured nonmember
Commercial

240

7.5 %

•

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

•
FEDERAL RESERVE BANK
OF
ST_ LOUIS
April 9, 1937

RECEIVED

Mil 10 1937
3oard of -overnors of the
Federal ieserve System,
77ashintor, D. C.
Attention:

DIVISION OF
BAN'S OPERATIONS

Mr. I]. L. Smead, Chief,
Division of Bank Operations.

(7entlemen:
As requested in your letter of April 6, please
find attached:
(1) List of insured non-member commercial 1:an1cs
included in Table 7 which were operating one or
more branches outside the head-office city.
(2) List of insured non-member connercial banks
located in places with a population of 6,000 or
over included in first five capital classifica'Gions (under ,50,000) of oection (b) of Table 6.
It will be noted that there are no non-insured
banks included in Table 7 for Caption 1, and neither any insured or non-insured banks included in Table 6; also that
there were no nor-insured banks included in Table ,; for
Caption 2.

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Federal Reserve Bank of St. Louis

Yours very truly,

Preside

(1) INSURED NOW -MEMBER COMMERCIAL BANKS
INCLUDED IN TABLE 7 WHICH WERE
OPERATING ONE OR MORE BRANCHES OUTSIDE THE HEAD OFFICE CITY

Minimum capital
required for Federal
Reserve membership
Peoples State Bank Farrsburg, Ind.

40W7etV--

Capital stock (incl.
cap. rotes and deb.
sold to R. F. C.)

Total
capital
account

Total
deposits

425,000

$34,000

Population of
town in which
located

342,000

993

Citizens Bank New Castle, Ky.

2&
, 0,0
1 04
'
1

30,000

43,000

412,000

447

Bank of Blue Mountain - '
Blue Mountain, Miss.

25,000

46,000

39,000

212,000

569

Merchants & Farmers BankHolly Springs, Miss.

25,000

43,000

186,000

1,020,000

2271

Bank of Crockett Bells, Tenn.

25,000

41,000

322,000

919

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Federal Reserve Bank of St. Louis

(1) NON-INSURED NON-MEMBER COMMERCIAL
BANKS INCLVLED IN TABLE 7 WHICH WERE OPERATING ONE OR MORE BRANCHES
OUTSIDE THE HEAD OFFICE CITY

N 0 N E
...M.

O....

4.1.•

(1) INSURED NON-MEMBER COICERCIAL BANKS
INCLUDED IN TABLE 6 WHICH WERE
OPERATING ONE OR MORE BRArCHES OUTSIDE THE HEAD OFFICE CITY

N 0 N E

•
(1) NON-INSURED NON -MEMBER COIVERCIAL
B WKS INCLUDED IN TABLE 6 WHICH WERE OPERATILG ONE OR MORE BRANCHES
OUTSIDE THE HEAD OFFICE CITY

N 0 N E

•

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Federal Reserve Bank of St. Louis

(2) INSURED NON-MEMBER COMUERCIAL BANKS
LOCAT7D IN PLACES WITH A POPULATION OF 6,000 OR OVER INCLUDED
IN FIRST FIVE CAPITAL CLASSIFICATIONS (INDER $50,000) OF SECTION (b) OF TABLE 6

Minimum capital
required for Federal
?eserve membership
Citizens Bank - /
Faylville, Ark.

Capital stock (incl.
cap. notes and deb.
sold to R. F. C.) -

Total
capital
account

Total
deposits

Population of
town in which
located

$100,000

$25,000

$30,000

$131,000

7394

100,000

25,000

39,000

240,000

8182

100,000

30,000

46,000

995,000

22,765

Corinth Bank & Trust Co. - //
Corinth, Miss.

100,000

35,000

59,000

225,000

6220

Security Bank Corinth, Miss.

100,000

35,000

71,000

539,000

6220

Union Savings Bank ,-;"
Sedalia, Mo.

100,000

35,000

54,000

667,000

20,806

Murphysboro Sqvings Bank
Murphysboro, Ill.
Citizens State Bank
Owensboro, Ky.

•

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

(2) NON-INSURED NON-MEMBER COMMERCIAL BANKS
WITH A POPULATION OF 6,000 OR OVER INCLUDED IN FIRST
PLACES
LOCATED IN
(UNDER $50,000) OF SECTION (b) OF TABLE 6
CLASSIFICATIONS
FIVE CAPITAL

NONE

•
FEDERAL RESERVE BANK
1936 SEP 4 .I\M 9 CA

OF
ST.. Louis

Wave?

September 1, 1936.

SEP 4- 1936
DIVISION OF
OPERKnONS

Board of Governors ofBANK
Federal Reserve System,
Washington, D.C.

Gentlemen:

Att: Mr. E. L. Smead, Chief,
Division of Bank Operations.

As requested in your letter of August 14, please find
attached Table No. 6 - Classification of insured and non-insured
nonmember commercial banks operating no branches outside the
head office city established after February 25, 1927, not eligible for Federal Reserve membership on the basis of the capital
requirements of Regulation H, Section 2, Paragraph (a):December
31, 1935, and Table No. 7 - Classification of insured and noninsured nonmember commercial banks operating no branches outside
the head office city established after February 25, 1927, with
capital less than $50,000, located in places with a population
not exceeding 3,000, eligible for Federal Reserve membership
under the provisions of Regulation H, Section 2, Paragraph (a),
Sub-paragraphs (1), (A) and (B): December 31, 1935.
There are also attached copies of Schedule F.R. 246b
covering each State bank member operating no branches outside
the head office city established after February 25, 1927, not
eligible for conversion into a national bank on the basis of the
capital requirements prescribed in Section 5138 U.S.R.S.
This completes the data requested by the Board in connection with the classification of all banks.

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Federal Reserve Bank of St. Louis

Yours very truly,

President.

Form F. R. 148 b

TELEGRAM
BOARD OF GOVERNORS
OF THE

FEDERAL RESERVE SYSTEM
LEASED VVIRE SERVICE
WASHINGTON

August 31, 1936

Stewart — St. Louis
Retel August 26, under provisions of Section 8 of Regulvtion
H, the amoUnt of capital required for Federal heserve membershi_l of
Bank of Blue :Aountain, iiiississippi, should be sl-.oan as $25,000 in
schedule FR 246c, since the bEnx has no branches outside tae head
office city established after iebruary 25, 1927 and comes within the
exceptions of paragraph (a)(1) of Section 2 of the hegulation.

Suggest

that capital required for conversion into natioma vAnk be shown as
*50,000 pending receipt of advice which has been requested from
Comptroller's office.

(5) L.L.Smead
MAD

ca)
,A

-)/.

NMI

JEH/ab

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Federal Reserve Bank of St. Louis

ED)Y

FORM F. R. 248

•

BOARD OF GOVERNORS
•
OF THE

FEDERAL RESERVE SYSTEM

•

LEASED WIRE SERVICE

RECEIVED AT WASHINGTON, D. C.
•

•
7

t:s

117 5 IT

•
T=LATIOM 7,-: 7L7AST: 7IRE" 7_,7C

STLOUIS PER SVC CHICA7-0 AT; 27-36 143P

•

Digitized
•for FRASER
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$•

TELEGRAM
BOARD OF GOVERNORS

4111"

OF THE

FEDERAL RESERVE SYSTEM

•

LEASED WIRE SERVICE

RECEIVED AT WASHINGTON, D. C.

•

•
•

27-3-12217

•
•

701_7 114 STLOUTS

•

12231'

•
(-//

(
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'''...)
,‘.; ..i.... .e.,-..t. ,?, „., j (9" .),,, te/ ,,.., ,
/
(,'
elt.:- L.

:._. ,„ „. ? /P-

•
•
•

•

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

FORM F

24d

*BOARD OF GOVERNORS
OF THE

FEDERAL RESERVE SYSTEM
LEASED WIRE SERVICE

RECEIVED AT WASHINGTON, D. C.

•

1,
c

•

41
41
411

.
A

411

C=ILT7 DATE 77- 0:: YOUR TORS 245 "C" AND

MISS ESTAEL 1 S777)
TDOPULATION 07 STATT

HAS

AJC

70PULATION DLUE MOUNTAI

569

07 2LUE

7-.L73 6 A'::7) 711,IAN

,
771")
.
t

AT ASnAND
D

22.1

7NTITLE IT TO 71-72=7,

:DIA"7 T:THERE IT IS SIT-

“nn

NILLIONLECTION 9 07 ACT --.EUI7*ES APPLICANT

-DOSSESS CAPITAL

"-" "5" REGULATI0i

T-?,722CAD7RACHES

CAPITAL7=m7=Ts FOR :=E:=IP 07 :(3=_]=7
7A7 ATT57

•

14 7OLL07:I(3 fl._UESTIO

LAST SENTENCE SECTIOn:'IN

, HETHER SAID NON!':EnER MUST 7A7E
11 PLEASE KIRE T.!

AGGEGATE CAPITAL $252 000

$1002 000 0?, $5002 000 TO EE ELIGInE FOR

=T7T7,SITTIJALSO !TINTYIUM 7,7aUI:= 7OR CONVERSION INTO NATL RANK

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Federal Reserve Bank of St. Louis

STEmA7T

r4;3:4
_

OF
ST_ LOUIS

August 25, 1936.

/
Board of Governors of the
Federal Reserve System,
Y;ashington, D.C.

Gentlemen:

-4a,440

Att: Mr. J. E. Forbett, Ass't. Chief,
Division of Bank Operations.

As requested in your two letters of August 12, 1936,
please find attached Table No. 4 - Classification of banks according to ratio of capital account to total deposits December
31, 1935 for National Banks, State Member Banks, Insured Nonmember Comnercial Banks and Non-insured Nonmember Commercial
Banks and Table No. 5 - Classification of nonmember commercial
banks not on the Federal Reserve par list December 31, 1935
for Insured Banks and Non-insured Banks.
Each set of summaries covers each State or part of
State in the Eighth District.
There is also attached a set of reconcilement sheets
which reconciles -the number of banks in each State, reported in
Table No. 5, with the number reported in response to the Board's
letter B-1109 of December 11, 1935.
The supply of forms for Tables No. 6 and 7, together
with the letter of instructions, has been received and these
Tables will be forwarded as soon as they are completed.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yours very truly,

Asst. Federal Reserve Agent.

n7A11A -sti

• FEDERAL RESERVE BANK

RECONCILEMENT OF VEER OF NON-PAR NON-MEMBER BANIIWN 8TH DISTRICT
DECEMBER 31, 1935.
ARKANSAS
STATE
Nuirtber of banks not on par list, reported in response
to the Board's letter B-1109 of December 11, 1935:

121

Insured non-par banks:
Commercial banks

Non-insured non-par banks:
Commercial banks
Co-operative institutions
Restricted banks

Total

Co-operative institutions listed above:
Altus Arkansas, Altus Banking Company.
Arkansas City Arkansas, Arkansas City Banking Exchange.
Black Rock Arkansas, First Banking Company.
Bono Arkansas, The Peoples Bank Company.
Cotton Plant Arkansas, Cotton Plant Banking Company.
Earle Arkansas, Earle Banking Company.
Elaine Arkansas, Elaine Banking Exchange.
Foreman Arkansas, Foreman Banking Company.
Hampton Arkansas, Hampton Banking Company.
Hazen Arkansas, Hazen Banking Company.
Keiser Arkansas, Keiser Banking Company.
Lake City Arkansas, Lake City Banking Company.
Leachville Arkansas, Leachville Banking Company.
Manila Arkansas, Manila Banking Company.
Marshall Arkansas, Citizens Banking Exchange.
Mineral Springs Arkansas, Mineral Springs Banking Company.
Ozark Arkansas, Citizens Banking Exchange.
Tyronza Arkansas, Tyronza Banking Company.
Mlmar Arkansas, Wilmar Banking Company.
Yellville Arkansas, Yellville Banking Exchange.
Restricted banks listed above:
Hermitage Arkansas, Bradley County Bank
Shirley Arkansas, Bank of Shirley.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

20
2

121

RECONCILEMENT OF NUMBER OF NON-PAR NON-MEMBER BANKS IN 8TH
DISTRICT, DECEMBER 31, 1935.

STATE
Number of banks not on par-list reported in response
to the Board's letter B-1109 of December 11, 1935.

ILLINOIS
11

Insured non-par banks:
Commercinl banks

Non-insured non-par banks:
Commercial banks

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Federal Reserve Bank of St. Louis

Total

Mane

RECONCILEMENT OF NUMBER OF NON-PAR N01,-.1EIMER BANKS IN 8TH
DISTRICT, DECEMBER 31, 1935.
STATE

INDIANA

Number of banks not on par list reported in response
to the Board's letter, B-1109 of December 11, 1935.

Insured non-par banks:
Commercial banks

Non-insured non-jar banks:
Commercial banks

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total

•

RECONCILEMENT OF NUMBER OF NON-PAR NON-MEMBER BANKS IN 8TH
DISTRICT, DECEMBER 31, 1935.
STATE
Number of banks not on par list reported in response
to the Board's letter B-1109 of December 11, 1935.

KENTUCKY

Insured non-par banks:
Commercial banks

Non-insured non-par banks:
Commercial banks

Total

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Federal Reserve Bank of St. Louis

RECONCILEMENT OF NUMBER OF NON-PAR NON-MEMBER BANKS IN 8TH
DISTRICT, DECEMBER 31, 1935.
STATE
Number of banks not on par list reported in response
to the Board's letter B-1109 of December 11, 1935.

MISSISSIPPI

* 99

Insured non-par banks:
Commercial banks

Non-insured non-par banks:
Commercial banks
Restricted bank

Total

*Includes the Tallahatchee Home Bank, Charleston Mississippi, which
was operating under restrictions on December 31, 1935.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

9
1

RECONCILEMENT OF NUMBER OF NON-PAR NON-MEMBER BANKS IN 8TH DISTRICT
DECEMBER 31, 1935.
STATE MISSOURI
Number of banks not on par list reported in response
to the Board's letter of December 11, 1935.

* 64

Insured non-par banks:
Commercial banks

Non-insured non-par banks:
Commercial banks

Restricted banks

Total
*Includes the Farmers Bank, Pawersville Missouri and the
Waynesville State Bank, Waynesville Missouri both of
which were operating under restrictions on
December 31, 1935.

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Federal Reserve Bank of St. Louis

RECONCILEMENT OF NUMBER OF NON-PAR NON-MEMBER BANKS IN 8TH DISTRICT
DECEMBER 31, 1955.

STATE
Number of banks not on par list reported in response
to the Board's letter B-1109 of December 11, 1935.

TENNESSEE

Insured non-par banks:
Commercial banks

Non-insured non-par banks:

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Federal Reserve Bank of St. Louis

Commercial banks

Total

•

FORM F. R. 24$

BOARD OF GOVERNORS

•

OF THE

•

FEDERAL RESERVE SYSTEM

•

LEASED WIRE SERVICE

64 G N

IL!

RECEIVED AT WASHINGTON, D. C.

•

STLOU IS AUG 22-36-1021A
HORDETT
•
BOARD WASHINGTON
• REFERRING YOUR LETTER AUG 14 OR HAVE RECD BLANK FORMS FOR TABLE 4
CLASSIFICATION OF BANK BUT NO LETTER OF INSTRUCTIONS DATED AUGUST
•
12 COVERING TABLE 4 PLEASE FOP.WiRD COPY
•

STEWART
1135A

•
•
•
•
•
•
•

•
c.

•
•

8//•- -YAL,,
•

)

—t`
1.,0-AAA

•

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

•
•

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

•

FEDERAL RESERVE BANK

RECEIVED

1936 AUG 20

9 04

ST_ LOUIS
.)

Al_

S i 6 Li(

August 1:8; 1936. -

RECEIVED

AUG 20 1936
DIVISION OF
BMA OPERATIONS

Board of Governors of the
Federal Reserve System,
Washington, D.C.
Gentlemen:

Att: Mr. J. E. Horbett, Asst. Chief,
Division of Bank Operations.

Reference is made to your letters_elLAugust 13 in
connection with classification of all banks.
Vie have corrected the total column on page 1 of
table 3 covering insured nonmember commercial banks in
Kentucky to show 4 banks in places with a population of
100,000 to 499,999, instead of places with a population of
50,000 to 99,999.
We have also corrected our copy of Schedule FR 246c
covering the Merchants & Farmers Bank, Kosciusko, Miss, to
show a branch in operation at Ethel, Miss., instead of MbCool,
Miss.
Thank you for calling these errors to our attention.
Yours very truly,

Asst. Federal Reserve Agent.

Divisiou 04 14,01k

Penw•mittrow

/
Um!ivVed,2rofita f inaured m4tual uvtnsbts.r...Ko ,eceAber 31, 1)3
In thounande of dollarar--

F.R. Dist. No. 8

Peonl6r L:nvinga ijank

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Bmansville

Indiana

•

August 13, 1936

ár. Fran< S. Parker
Actin Assistant rederal eserve .gent
Federal Ieserve Banc of Et. Louis
Lt. toilis, Assouri

Dear Ar. Paricer:
Reference is made to your letter of July 28, inclosing tables
2 and 3, classifying insured nonmember con .ercial banks as of Lecember

.31, 1335.
Table No. 3. page 2, covering insured nonmember commercial
banpcs in Kentucky shows 4 banks in places with a populition of 130,000
to 449,9)9 but these banks are shown in the total column on page 1 as
being located in places with a population of 50,030 to

19,919.

Aave corrected the total column to show that the banks are located in
places with a populvtion of 100,000 to 4)9,19) in agreement Ath page
2 t%m; suggest that a corresponding cdange be haute in your copy of the
table unless this adjustment is incorrect, in which case your aevice
will be alpreciated.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Very truly yours,

J. i,. Horbett, Asalt. Chief,
Livision of Bank Operatione.

July 30, 1)36

Mr. Frank S. Parker
,gent
'
ittent Federel Reserve
Actin
Louis
tit.
of
tank
Reserve
Federal
St. Louis, Alebouri

Deer 4r. Perker:
Reference is made to the fourth paragraph of your letter of
July 22, 1936, with respect to the classification of member and nonmember banks as of Lecember 31, 1935.
In reconciling our records of branch banking with the condition reports received from insured nonmember banks by the federal
Deposit Insurance Corporation, it was found that the Merchants State
Bank, Humboldt, Tennessee, reoorted one heed office city branch in its
report although our records showed no brtinches in operation by this
bank.

In reply to an inquiry, the bank advised the Federal Deposit

Insurance Corporation that *This branch was bought in 1906 from the
Farmers Exchange Bank which bank was liquidated through the Farmers
State Banks.

Through inadvertence, we took up this matter with the

Federal Reserve Bank of btlante, instead of your bank, und the following Is the reply received by the Federal Reserve Bank of Atlanta from
the Superintendent of 'Banks of Tennessee:

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Federal Reserve Bank of St. Louis

*The SierchLnts state bank, Humboldt, Tennessee, has
for many years operated a teller's window, open three hours
daily, in e mercantile establishment located at tne Railroad
Station in said tom. All transactions are carried to the

E COPY

Mr. ?rank S. Parker --2

in office at twelve o'clock, noon, each day and posted
there. Humboldt is a large fruit and vegetable shipping
?oint and a clerk is sent from the main office each day
to open the teller's window for a period of three hours
merely for the convenience of their large customers. In
view of the fact that this has been the custom of the
i
. erchants State Bank for many years, we 4.Ve never recognized their outside business as 8 branch operation.
°The depot office of the Merchants State Bank at
,Humboldt was in existence at the tine this Department was
established January 1, 1914. This office is located some
four to six blocks distance from the parent bank.8
It is understood th(,t, in view of the provisions of subparagraph (15) of paragraph (0), Section 12B, of tile Federal Rosary*
Act, the i°ederal Ler)osit Insurance Corporation treats the additional
office of t‘rie 1Aerc'.1anta State :iank, Humboldt, Tennessee, as a °branch".
The office will vlso be counted In our statistics of branch offices,
but our records will, of course, show that it operates under the
limitations quoted above.

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Federal Reserve Bank of St. Louis

Very truly your:3,

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

S
FEDERAL RESERVE BANK

GOVERNORS
BOARD OF
OF THE GISTEM
FEDURAL RESERVE

ST_ LOUIS

•

1
MEWED

Board of Governors of the
Federal Reserve system,
Washington, D. C.

r/,

July 29, 1936.

JUL 31 1935
DIVISION OF
BANK OPERATIONS

Attention Mr. E. L. Smead, Chief,
Division of Bank Operations.
qentlemen:
Referring to your letter of July 10, I enclose the following:
(1) Table No. 1, Classification of banks according to ratio of
d.ernand deposits to total deposits, December 31, 1.,35, covering noninsured car.nercial banks in the 8th District.
(2) Table No. 2, Classification of banks accordinr, to population
of nieces in which located and accordinc, to amount of deposits, December 31, 1935, covering non-insured cori-ercial banks in the 8th District.
(3) Table No. 3, Classification of banks according to population
of places in which located and according to amount of loans and investments, December 31, 1935, covering non-insured caudercial banks in the
8th District.
In the case of banks in the States of Arkansas, Indiana, and
Tennessee, We referred to older bank directories, from which we were
able to estimte demand deposits on a number of the banks from figures
shown for previous reports, some as far back as June, 1934.
We did not receive the reports requested from the Kentucky
or Mississippi Bank Commissioners, but by reference to older bank
directories we were nble to reduce the number of banks in these States
on which no demand deposit figures wore available from 14 to 6 and from
3 to 1, respectively.
There are also enclosed Table No. 2 and Table No. 3 covering
the Peoples Savings Bank,- Evansville, Ind., which is the only insured
mutual savings bank in the 8th District.
Forms FR-246-d are also enclosed for the following non-insured
trust corapanies -without deposits and the following non-insured private
banks:
Trust Companies
v
Trust Company rf St. Louis County, Clayton, Mo.
St. Louis Union Trust Co., St. Louis, Mo.
Arkansas 7al1ey Trust Co., Fort Smith, Ark.
Kelly Trust Company, Fort Smith, Ark.
Metropolitan Trust Co., Little Rock, Ark.
Citizens Trust Co., Vincennes, Ind.

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Federal Reserve Bank of St. Louis

-2-

Private Banks
Farmers Bank, Freetown, Ind.
Switz City Bank, Switz City, Ind.
Farmers Bank, Odon, Ind.
Harrison County Bank, Crandall, Ind.
This completes the information requested by the Board in connection with the classification of banks as of Decemlx3r 31, 1935.

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Federal Reserve Bank of St. Louis

Very truly yours,

Acting Asst. Federal Reserve Aent.

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Federal Reserve Bank of St. Louis

REcElvE0
FEDERAL RESERVE BANK

936 JUL 76

ST_ LOUIS
1._

July 26.
• JJ-;36÷.

• *-

RECEIVED

JUL 30 1936
imosioN OF

Board of Governors of the
Federal Reserve System,
Washington, D. C.

BANK OPERATIONS

Attention Mr. E. L. Snead, Chief,
Division of Bank Operations.
Gentleman:
Referring to :your letter of July 10, I
enclose the following:
(1) Table No. 2, Clascification of banks, eccordinc, to population of places in which located
and according to amount of deposits, December 31,
1935, covering insured nonmember conmerciel banks
in the 8th District.
(2) Table No. 3, Classification of banks according to populrtion of places in which locnted
and according to amount of loans and investments,
December 31, 1935, covering insured nonmember commercial banks in the 8th District.
This completes the information requested
for insured nonmember commercial banks. The other
data is being compiled and will be forwarded to you
within the next few days.
Very truly yours,

7L4,Am/
Acting Asst. Federal Reserve Agent.

[

FORM F. R

248

OBOARD OF GOVERNORS
OF THE

FEDERAL. RESERVE SYSTEM
LEASED WIRE SERVICE

RECEIVED AT WASHINGTON, D. C.
•

17S G T
STLOUIS JUL 2g-36-EUX0 232P

SMEAD BOARD WASHINGTON
REFER YOUR WIRE YESTERDAY RE COUNT OF MISSOURI STATE BANKS AS
OF DECEMBER 31 2 19352 PLEASE DISREGARD OUR LETTER JULY 22 IN

•

THIS CONNECTION AS BANKS ON OUR LIST CHECK WITH THOSE ON YOURS
AND TOTAL 4672 AS SHOWN ON YOUR RECONCILEMENT SHEET, INCLUDING

•

THE THREE TRUST COMPANIES WHICH APPEAR TO HAVE BEEN INCLUDED IN
•

NOVEMBER 1

•

ABSTRACT*
PARKER 345P

•

Digitized
•for FRASER
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Federal Reserve Bank of St. Louis

Form F. R. 148 b

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Federal Reserve Bank of St. Louis

TELEGRAM
BOARD OF GOVERNORS
OF THE

FEDERAL RESERVE SYSTEM
LEASED WIRE SERVICE

WAS H IN GTO N

July 27, 1936

Parker - St. Louis
Referring to second paragraph of ;our July 22 letter,
our list of banks in lissouri on December 31 wris reconcilod
with November 1 abstract on assumption tit abstract included
the three trust companies.

61nce your letter indicates they

were not counted in number of lamaks shown in abstract, apparently
three other banks must be added to our list to replace the three
trust compr.nleis.

?lease check your list of banks in Aissauri on

December 31 against ours and advise differences so we can correct
our list.
SMEAD

JEH/F

CoLY

FEDERAL RESERVE BANK
OF

cot

ST_ Louis

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Federal Reserve Bank of St. Louis

NV. 23

9 02

July 2

Board of Govornors of the

Federal Reserve System,
Washington, D. C.
Attention Mr. B. L. Snead, Cief,
Division of Bank Operations.
Gentlenen:
Referring, to your letter of July 10, I enclose
the folloring:
(1) Table No. 1, CInssification of ba, ks accordirr
to ratio of demand denosits to total denosits, December
31, 1935, covering insured nonmember calmercial brnlm in
the 6th District.
(2) TeThle No. 2, Clnssification o banks accordin7,
to population of places in tich located and according to
amount of deposits, December 31, 195, coverin7, national
and State member banks in the 6th District.
(3) Table Yo. 3, Clrssl.fication of barks according
to population of places in v:hich located and according to
amount of loans and investnents, December 31, 195, covering national and State member banks in the 8th District.
This completes the information requested for
member banks. The other data is being compiled and vill
be forwarCed to you as soon as completed.
Very truly yours,

Acting Asst.

•

=111•=31,1=9,

FEDERAL RESERVE BANK
0F

forphST. Louis

cf
- RECEIVED

July

Board of Crovernors of the
Federal Tleserve System,
Washington, D. C.

JUL 27 1936
DIVISION OF
BANK OPERATIONS

Attention Mr. J. E. Horbett, Asst. Cilief,
Division of Rank Operations.
Gentlemen:
J2.11y,_204-1 enclose
As requested in your le*ter of .
schedules FR 246(a),(b), and (c), co-- in follcwing banlm
in tl-is (listrict r'ich oparate branches:
National Ranks:
Citizens-17nion Frtil>nal Rgnk, Lorsville, Ky. `V
First National B.,:nk, Louisville, 7y. w'
Librty Notional Rank T. Trust Co., Lo- 'sville, Ky.
Union Planters National Bank and Trust Co., v
rempis, Tenn.
State Rank Members:
Loui ville Trust Co., Louisville, Ky./
Insured Nonmember Commercial Banks:
Planters Bank e- Trust Co., Forrest City, J1r'-.,/
Bank of Mulberry, Mulberry, Ark.*/
Mississippi County Bank, Os-)ecla, Ark./
Bank of Prescott, Prescott,
Bank of Searcy, Searcy, Ark.
,
Rratt Masson Bar:, Siloam Springs, Irk./
Brownstown Lon& Trust
Prownstorn, Tnd."
Dale State Bank, DtIle, md. v' Peoples State Bank, Farmerstur, Ind/ j
Dubois County State - Bank, Jasper, In(.1
United Farmers Bank, Campbellsbarr;, Ky./
Elkton Bank & Trust Co., Elkton, Ky.ki/
Farmers Deposit flank, Frankfort, Ky.
,
Farriers Bank e- Trust Co., Marion, Ky.'
Bank of Middletown, riddletown, Ky./
Citizens Bank, Yew Castle, Ky,"
Sparta Sanders Strite Bank, Sterte, K .
Batesville,
Botesville,
,
lass.
Bank of
Bank of Blue Morntnin, Blue
Grenada Bank, Grenada, Miss."

/)„.e,ed
, •,r

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Federal Reserve Bank of St. Louis

34,

-.2-

Insured ronmember Cornercial Banks (Contld)
Merchants & Farmers - Bank, _Holly Springs, Miss.
The Bank of Houston, Fcvston, PissY
Merchants & Farmers 7anl-, Kosciusko, Misc./
Merchants & Farmers Bank, Macon,
'
Peoples Bank & Trust Co.,- North Carrollton, Miss.V
The Valley Bank, Rosedale, Miss."
Bank of Tupelo, Tupelo, Miss.
"
,
Peoples Bank & Trust - Co., Tupolo,
nail]: of Eater Valley, Water Valley, Miss./
Bank of West, West, Miss. 4/
Bank of Crockett, Bells, Tenn"
7,?rc'empn County Savings Bank, Bolivar, Tenn/
Tipton County Farmers Union Bank, Covini7ton, Tann.V
Merchants Strte Bank, Humboldt, Tenn.v Ripley Savings Bank & Trust Co., Ripley, Tenn.,/
Yours very truly,

Acting Asst. Federal Reserve 71,-ent.

P. S. No non-insured nonmember banks or mutual savings banks in the 8th
District operate branches.

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Federal Reserve Bank of St. Louis

KtCLIVED

•

1936 JUL 24 AM 8 51

FEDERAL RESERVE BANK

0,t.

OF
ST. Louis

I-VA/IF:10o of Bank Olyerations Fiie
July 22, 1936.

RECEIVED
Board of Governors of the
Federal Reserve System,
Washington, D. C.
Attention Mr. E. L. Smead.

JUL 24 1936
DIVISION OF
BANK OPERATIONS

Gentlemen:
Reference is made to your lettAna_Dg-iihrty-10 and
15, answering ours. ef_aulz.Land 10, respectively, with regard to the classification of meMber and nonmember banks
referred to in your letter of June 24.
The Franklin-American Trust Co., Lafayette-South
bide Bank & Trust Co., and Central States Trust Co., all of
bt. Louis, mentioned as being shown in the 1934 biennial
report of the Commissioner of Finance of Missouri, are in
liquidation, but have not surrendered their (1',arteFi.----re
ile-iairised by one of the Missouri State bank examiners
that until a bank surrenders its charter, it is reported
in the biennial report even though inactive. However, from
the count of Missouri banks as shown in our lists, these
companies are not included in the count of 468 banks shorn
in the November 1, 1935, Strte Banking DeparLment abstract.

Iks;

With reference to the Kelly Trust Co., Fort Smith,
and the Metropolitan Trust Co., Little Rock, Ark., we are
advised by the Manager of our Little Rock Brunch that these
trust companies are not in liquidation, but do not receive
deposits. We will, therefore, as suggested in your letter,
make up schedules FR 246(d) showing merely their names and
locations, with a note to the effect that no figures are
available.
In your mimeographed letter of July 1, the request
was made thnt any differences in the nunl:er of branches as
shown by our records and by Form FR 246(c) be called to your
attention. Form FR 246(c) shows that the Merchants State
Bank, Humboldt, Tenn., has one branch in the home office city,
whereas neither our records nor the latest bankers' directory
show such a branch VI operation. We will change our records,
however, and enclose Form St. 6386(e) to cover this branch.

ct-t,

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Federal Reserve Bank of St. Louis

•
-2-

Are have written the Banking Commissioners of
Kentucky, Mississippi, and Missouri, requesting the
reports or pamphlets mentioned in your letter of July
15 and will use them as suggested when received.
Very truly yours,

Acting Assistant Federal Reserve Amen.

F.R. Board
Form St. 63Ee
Nov. 1929

BRANCHES ESTABLISHED OR DISCONTINUED

Federal Reserve District
Name and location
of parent bank

Date

Established
or
discontinued
Lstablished

Vierchants 3tate Bank, Humboldt, Tenn.

Local,
contiguous,
or noncontiguous*

Member or
nonmember

Name and location of branches and method
of establishment or discontinuance**
Branch,
Merchants State Bank,
Humboldt, Tenn.

(Branch in same
(This form made out from information included
on Form P.R. 246c made out by Board in conneotion with classificatin of member and
nonmember banks.)

*Indicate whether a "local" branch (in the same town or city as the parent
bank), in a "contiguous" town, or in a "non-contiguous" town.
**Indicate whether established "de novo" or by "conversion of independent bank,"
and in the latter case give the name of bank. that was absorbed and converted
into a branch. If discontinued, state whether clos:d, moved to another
location, or succeeded by another bank.

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Federal Reserve Bank of St. Louis

Bank orations File
July 21, 1936

Mr. C. M. Stewart,
Asaistant Federal Reserve Agent,
Federal Reserve Bonk of St. Lonis,
St. Louis, Mo.

Dear Mr. Stewart!
Pererence is made to Mr. Smead's letter of July 16 addressed to
you, and to the schedules FR 246c and d covering insured nonmember
banks in 'tour district sent to your bank on the same date.
Through inedvertence, the amount of surplus of the ritual savings
bank was not shown against Item 13 of schedule 246d. The amount is
shown below (in thousands of dollars), and it will be appreciated if ::ou
will 1.-,.ve it inserted in the schedule:

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Federal Reserve Bank of St. Louis

Peoples Savings Bank

Evansville, Indiana

1,400

Very truly yours,

J. E. Horbett, Asst. Chief,
Division of Bank Operations.

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Federal Reserve Bank of St. Louis

•

/11,z, /

FEDERAL RESERVE BANK
OF
*
ST_ LOUIS

RECEIVED
1936 JUL 22 AM 8 118
e

REcEIVED

r
i

L. I. •

JUL 22 1936
DIVISION OF
BANK OPERATIONS
July 20, 1936.

Board of Governors of the
Feders1 Reserve System,
Washington, D. C.
Attention Mr. E. L. Smead.
Gentlemen:
Referrini; to your letter of July 16, we
have today received,by registered nail, schedules
on Forms 246-c and 246-d, covering all insured nonmember banks in this district, containing data furnished by the F. D. I. C. for the purpose of classification as stated in your letter of Juno 24.
The summaries till be forwarded to you
as soon as they are completed.
Very truly yours,

Acting Asst. Federal Reserve Agent.

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Federal Reserve Bank of St. Louis

FEDERAL RESERVE BANK
OF
ST_ Louis
RECEIVED

JUL 20 1936
DIVISION OF
BANK OPERATIONS
July 17, 1936.

Board cif Governors of the
Federal Reserve System,
Washington, D. C.
Attention Mr. E. L. Smead, Chief,
Division of Bank Operations.
Gentlemen:
As requested in your letter. oS_July 10,
I enclose Table No. 1, Classification of Banks
According to Ratio of Demand Deposits to Total
Deposits, December 31, 1935, for national banks
and for State member benks located in the Eighth
District.
The other summaries are being prepared
end will be forwarded to the Board as soon as completed.
Very truly yours,

Acting Asst. Federal Reserveli-ent.
,
c

Division of Biitif

July 15, 1936

Mr. Freak S. Parker,
Acting Assistant Federal Reserve Agent,
Federal Reserve Bank of St. Louis,
St. Louis, Mo.
Dear Mr. Parker:
In response to your letter of July 10 with regard to the classifications of member and nonmember banks referred to in our letter of June
24, you are advised as follows:
The 1934-1935 report of the lianking Commissioner of Kentucky
apparently shows demand deposits and time deposits as of June 29, 1935,
separately for every bank. Accordingly, it i6 suggested that the amounts
of demand and time deposits as of December 31, 1935, in the case of the 14
banks for which such figures are not otherwise available, be estimated on
the basis of the ratio of such deposits -- total deposits on June 29, 1935.
It is assumed that you obtained the amount of total deposits of such banks
from the bankers directory. It is further suggested that similar estimates
be made in the case of the 3 banks in Mississippi on the basis of figures
for June 30, 1934, shown in the latest pamphlet issued by the State banking
department covering individual banks, and that the figures for the 6 banks
in Missouri be estimated on the basis of data as of November 5, 1934, shown
in the 1934 biennial report of the Comxissioner of Finance of the State of
Missouri. If you do not have the reports referred to, it is suggested tLet
copies thereof be obtained from the respective State banking departments.

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Federal Reserve Bank of St. Louis

br'')

Mr. Frank S. Parker -- 2.
We do not know of any basis of determining or estimating the axount of
demand deposits in the case of the 13 non-insured nonmember banks in
Arkansas, Indiana, and Tennessee, without calling upon the State banking
departments, and it is suggested that, for the time being at least, the
banking departments be not requested for the data.
Unless otherwise advised, it sill not he necessary to request
State banking departments for the amounts of Loans on securities and Leal
estate loans in those cases where the data cannot be compiled or estimated
from annual reports or bankers dirctories.
As stated in our letter to you of July 10, we have eliminated the
Franklin-American Trust Company and the Lafayette-South Side Trust Company,
both of St. Louis, from our list of active state banking institutions in
view of Ir. Stewart's advice that they are in liquidation, and the Central
States Trust Company of St. Louis will also be eliminated if advice is
received to the effect that it is in liquidation. If you have any information
to the effect that the Kelly Trust Company, Fort Smith, Arkansas, and the
Metropolitan Trust Company, Little Rock, Arkansas, are in liquidation, it
will be appreciated if you will kindly advise us thereof, since they
apparently are included in the latest State banking department abstract.

If they are not in liquidation, it will be sufficient to make up schedules
FR 246d showing merely their names and location, with a note to the effect
that no figures are available.

The amounts of Loans on securities and Peal

estate loans may be omitted in the case of the other non-insured trust
2 of yx.ir
compknies without deposits listed in the first paragraph on page

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Federal Reserve Bank of St. Louis

Mr. Frank S. Parker -- 3.
letter. It is suggested that June 1935 figures from the bankers directory
be used for the Farmers Bank of Freetown, Indiana, which went into
liquidation on January 7, 1936.
Very truly yours,

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

JEH/lee

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Federal Reserve Bank of St. Louis

•

•
RECEIVED

FEDERAL RESERVE BANK
OF

JUL 13

ST_ Louis

1936

DiOsioN OF

July 10, 1936

BANK OPERATIONS

RECEIVED
8 5/
rg,
13
1956 SY_
Board of Governors of the
Federal Reserve System,
aashington, D. C.

6F 1

Attention:

.c3N 517-IM

Mr. E. L. Snead, Chiefi
Division of Bank Operations.

Gentlemen:
Reference is made to data requested by the Board on Form FR246d
for non-insured, non-member banks in connection with classification of all
member and non-member banks.
We have assembled this data using Rand-McNally's Bankers Directory, Polk's Bankers incyclopedia and a statement showing total resources
and liabilities of Illinois State banks, published by the Illinois Auditor
of Public Accounts. With the exception of Illinois and Indiana we lAve
receiVesi_no annual reports from Banic_Commissioners of the states covered by
bleilth.diatrict for qeveral_years.p!x.s.t. Tho last report received from
Indiana was dated June 30, 1935.
Concerning the information assembled from above sources, we have
been unable to obtain "Demand Deposits", shown against item 18 of Form 246d,
and "Loans on Securities" and "Real Estate Loans", shown respectively against items 16 and 17 as follows:
No. of banks 'To. of banks
listed on
for which no
typewritten
demand deposits
list
were obtained
Ark.
I11.
Ind.)
1
A-K, KY*
0/4 VkMiss.
4)0 Mo.
fr\ -R. Tenn.

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Federal Reserve Bank of St. Louis

9
8
10
32
9
34
3

9
8
10
32
9
34

7
none
3
14
3
6
3

f
A

No, of banks for
which no loans
on securities
were obtained

cr."...00440
.

a4/e/41-'
L;

cr4-tt
I q3

No. of banks for
which no real estate loans were
obtained
9
8
10
32

9
34
3

Ah,s,

-2-

Board of Governors of the
Federal Reserve System,
Washington, D. C.

7-10-36

No figures at all were obtained for the Kelly Trust Company,
Fort Smith, Ark., Metropolitan Trust Company, Little Rock, Ark., Central
States Trust Company, St. Louis, Franklin-American Trust Company, St.
Louis, and Lafayette-South Side Bank and Trust Company, St. Louis, and no
figures for "Loans on Securities" or "Real Estate Loans" for the Arkansas
Valley Trust Company, Fort Smith, Ark., Citizens Trust Company, Vincennes,
Ind., Trust Company of St. Louis County, Clayton, Mo., and St. Louis Union
Trust Company, St. Louis, Mo., all being non-insured trust companies without deposits.
In addition, no figures were obtained for the Farmers Bank, Freetown, Ind., a private, non-insured bank which entered into voluntary liquidation January 7, 1936.
As requested in your letter of June 26, we are therefore advising
you of the limitations of the data assembled, most of which is difficult to
obtain, as you anticipated.

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Federal Reserve Bank of St. Louis

Yours very truly,

Acting Asst. Federal Reserve Agent.

Division oi Bank Operations File
July 10, 1936

2r, C. M. Stewart
Assiztant Federal heterve Agent
Federal Reserve Bank of t. Louis
St. Louis, Ansouri

Lear Mr, Stewart:
Receipt is acknowledged o

your letter of July 1, with respect

to the classifications of member and nonmember banks refeired to in our
letter of June 24 and to the list of non-insured nonmember banks sent
to you under date of June 26.
In view of the information contained in your letter, our records as rell as the list of banks in Indiana and the reconcilement
sheet for that State, have been changed to show The Fanners Bank,
Plainville, Indiana, as an insured private bank, rather than as an
insured nonmember commercial bank.
The Franklin-American Trust Company and the Lafayette South
Side Sank & Trust Company, both of St. Louis, are shown on pages 214
end 215, respectively, of the latest (1434) biennial report of the
Commissioner of Finance of the State of 41.;souri, rithout any indication that they are in liquidation.

In view, however, of the informa-

tion given in the fourth paragraph of your letter to the effect that
they are in liquidation, we are eliminating tem from our record of
active institutions and from the list and reconcilement sheet covering
the i3tate of iiissouri.

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Federal Reserve Bank of St. Louis

The Central States Trust Company of St. Louis

1111111.

Ur. C. .

Stewart -- 2

is listed on Awe 213 of the latest available (1934) biennial report
of the Commissioner of Finance.

If this institution also is no longer

in operation, we shall appreciate information te to when it discon—
tinueo business, whereupon we will reduce the total number of the
..Inking institutions in aissouri, rs shown in the list and reconcile—
ment chest sent you on June 26, from 467 to 464.

Pe assume that all

r.-:ree of these companies were included in the figure 468 shown in the
latest (November '
1 1935) State banking department abstract, but we
shnll be glad to have your advice as to whether this assumption is
correct.
The reconcilement sheet through error showed one State bank
member in Tennessee but, as you indicate, taLs

Was

not included in

the totals, and we are eliminating it from the reconcilement sheet.
have changed our records, as well as the list and reconcilement
sheet for Tennessee, to show that the Commercial & Industrial lank
of itemphis, Tennesree, is an insured industrial berm, not an insured
privets bank.
Very truly yours,

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

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Federal Reserve Bank of St. Louis

411Wab

•

CI
L4-1

ii,

M
LA

cr
(D

)--Cl)

j
j

LI
Lli

424,ia38'

S T_ LOUIS

. kl

DIVISION OF
BANK OPERATIONS

c.0
10

July 1, 1936.

›P'
lAi

ti
mum

FEDERAL RESERVE BANK

----,
0

110

C.,

44
--.1

--)

li)
4.1-(-- Ili
• C.) r-. •._

---s

ifroalg of Governors of the
aed4gal Reserve System,
Wa.slIngton, D.C.
Gentlemen:

Attn: Mr. E. L. Snead, Chief,
Division of Bank Operations.

Reference is made to your letter of June 2.Q, and the lists
enclosed therewith, in connection with the classification of member
and nonmember banks in the Eighth Federal Reserve District as of
December 31, 1935.
The reconcilement sheets for Eighth District State banks
for the States of Arkansas, Illinois, Kentucky and Mississippi agree
with our records.
The Indiana reconcilement sheet agrees, except that the
number of insured nonmember Commercial banks should read 76, instead
of 77, and the number of insured nonmember Private banks should read
one (The Farmers Bank, Plainville), instead of none.
With reference to the Missouri reconcilement sheet, five
trust companies without deposits are listed thereon under Non-insured
Nonmember Banks, whereas, our records show only four such institutions in the Eighth District, namely, The Trust Company of St.Louis
County, Clayton, St. Louis Union Trust Co., St. Louis, FranklinAmerican Trust Co., St. Louis, and Lafayette South Side Bank & Trust
Co., St. Louis, the last two being in liquidation.

)3'

p--c-

We are unable to find any information whatever, either in
our records or the late or old Bankers' Directory,concerning the
Central States Trust'Co., St. Louis, which is listed as a trust corapapy without deposits under Non-insured Nonmember State Banks.
The total number of Eighth District Missouri State banking institutions as shown by our records, therefore, is 466, instead
of 467, as shown by your list.
On the Tennessee reconcilement sheet, one State member is
listed against the Commercial bank caption evidently in error, as
it is not included in the totals. There is also one Private bank
listed under Ensured Nonmember Banks, whereas, it should be Shawn
against the caption Morris Plan and Industrial Banks Ccommercial &

)."

Industrial Bank, Memphis, Tenn.)

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Federal Reserve Bank of St. Louis

#2
.

The total number of Eighth District Tennessee banks, as
shown on the Tennessee reconcilement sheet, agrees with our records.
The supply of blank schedules (Forms FR-246-a-b and d)
have been received, and we are compiling the data required thereof for member banks and non-insured nonmember banks, as requested.

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Federal Reserve Bank of St. Louis

Yours very truly,

Asst.Federa

Reserve Agent.

(9)

•

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

•

tti

FEDERAL RESERVE BANK OF MINNEAPOLIS
NINTH

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

DISTRICT

HECEIVED

APR 1. 3 1937

April 12, 1937

DIVISION OF
BANK OPERATIONS

Board of Governors of the
Federal Reserve System
Attention:

E. L. Smead, Chief
Division of Bank Operations

Gentlemen:
In reply to your wire of today to Mr....TeYtQu. the
operated
by all of the banks iiiTi-s7t (1) that accomnanic-d
branches
April
our letter of
7 were established after February 25, 1927
and consequently were listed in error. There were no insured or
non-insured nonmember commercial banks with a capital of less
than t50,000 that were operating on December 31, 1935 any branches
outside of the head office city that were established prior to
February 25, 1927.
Referring specifically to your request for informntion
as to which banks in list (1) were included in Table 6 and which
vrre included in Table 7, none of the banks included in our list
(1) of Arril 7 appeared in either Table 6 or 7.
Enclosed nerewith is a revised list (2) which now incimdes
all insured and non-insured non-,:lenber commercial banks located in
Places with a noPulation of 6,O Y) or over that were included in the
first five carital classifications (under (;50,000) of section (b)
of Tuble 6. The :orthwestern State Bank of Chippewa Falls, 'Yi7,consin
on Lecelaer 31, 1975 was onerating one branch that had been established
since February 25, 1927 and conseouently should not have appeared on
our list (2) of April 7.
If you wish any more information, 7e shall be pleased to
furnish it. Te deeply regret the inconvenience that our errors have
caused you.
Very truly yours,

H.
Timberlake
Statistician
HOT:EH
Enclosures

Minimum
Capital
Annesota
$ 100
Security State, Eemidji
100
Miners State, Chisholm
100
Polk C3unty State, Crookston
100
Central State, Duluth
American State Bank of ':ankato5
100
State Bank of -r7,"lm
100
Chicago Lake State Pan-K., Minneapolis 100
St. Claud State Ban:, St. Cloud
100
Liberty State Bank, St. Paul
100
Produce El-chan-.e Ban,:, St. Paul
200
St. Anthony Park State, St. Paul
100
Western State Bank of St. Paul
100
Farmers ..! ':erc-ants State, Stillwater 100

north Da.c)ta
1st Int-r.:

CaPital
Stock

8 70
2540
25
40
40
35
75
25
40
30
25
40

Total
Capital
Account
8 39
65
60
30
65
126
44
52
-7
56
45
41
36

Total
Deposits
t 268
622
419
131
695
1,634
409
215
343
267
258
977
537

Populrtion
7,202
8,308
6,721
1 01,463
14,038
r,308
464,756
21.,000
271,606
271,606
271,606
271,606
7,173

an:, Ylinot

100

728

1,099

Tisconsin
Superior State 7.*nk, Su7erior

100

650

76,113

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Form F. R.148 b

TELEGRAM
BOARD OF GOVERNORS
OF THE

FEDERAL RESERVE SYSTEM
LEASED WIRE SERVICE

WASHINGTON

April 12, 1937

Peyton - Minneapolis
heferrinv, your April 7 letter regarding classification of
banks in operation on Lecember 31, 1935, our letter of April 6 requested names, capital stock, etc., of only such banks operating
branches outside nead office city as were included in Tables 6 and
7, respectively, furnished in response to our letter of Aupust 14,
1936.

Tile statement inclosed with your letter appears to cover all

insured and uninsured banks operating branches outside head office
city, whether or not the banks Jere included in Tables 6 and 7.
Please advise if our assumption is correct and, if so, please advise
hicli of the banks shogn in your list

amit

ere included in Tales 6 and

respectively.
Table 6 covering Wisconsin sows only 1 bank in the r;;25,100

to 49,900 capital classification compared Ath 2 in the statement
furnished with your letter.

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Federal Reserve Bank of St. Louis

Please advise.

I-473

SPS

FEDERAL RESERVE

BANK OF

NINTH

MINNEAPOLIS

DISTRICT

NJI
RECO/fibril 7, 1.977

APR 8 1937
DIVISION OF
BANK OPERATIONS

•

44'1;tL f-( https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

r. E. L. Smead, Chief
Division of Bank Operations
Board of C,overnors of the Federal Reserve System
7ashin-ton, E. O.
Smead:
In response to the reauest contained in your letter
o2 Aril 6, I enclose herewith the following two lists:
(1) A list of the insured and non-insured nonmember
commercial banks included in Tables 6 and 7, resnectively, which were operating one or more branches
outside the 'lead office city; and
(2) A list of the insured and non-insured nonme:ber
commercial banks located in places with a population
of 6,000 or over included in the first five canital
classificntions (under 850,000) of section (b) of
Table 6.
If Te can be of further service, please do not hesitate to call upon us.
Best personal regards,

JNP TH
Ev.iclosures

(1)
List of t_e insured and non-insured nonmeaber coulmercial
barks included in Tables 6 and 7, respectively, which were
goerating one or more branches outside the head office city
as of December 31, 1975

(in t_ousands)

Capital
Stock
$ 25

Total
Capital
Account
$ 31

Michigan
The Commercial -gank of L'Anse

Minimum
capital
$ 500

North Dakota
Lincoln State 7fan..:, Hankinson

250

131

1,400

South Dakota
Dakota State _Bank, Colman

250

157

488

210
70
70
40
65
100
60

219
32
75
91
97
108
70
87
41
113
157
1E7
82
11
16
78
28

716
217
463
768
504
504
237
552
797
269
587
361
565
150
114
600
176

1 q,622
548
435
2,539
1,532
1,590
777
7,493
560
1,918
376
2,112
933
350
600
1,180
826

Wisconsin
rorthern State Ban-:, Ashland
Dairyland State Bank, Bruce
State Ban.-., Centuria
Yorthwestern State B1:-.,C1-ipnewa Falls
Northwestern State Bk. nmberland
Bank of Durand
First Bank of 1.rantsburg
Security State Bank, Lr],dysmith
Fidelity St' i'D:1 , Luck
State Bank of .eford
Bank of New Auburn
Bank of 7,.7/ Ricnmond
Bank of Osseo..
First State Bank: of Port in
Cl_ippewa Valley Pan, Radisson
Stte Bank of Idce Lake
S ell Lake
Shell Lake St--:;,- .52f7,

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

500
500
500
500
500
5)0
500
500
500
500
500
500
500
500
500
500
5Y0

rrOD

25
50
100
155
70
10
10
60
2:-,

Total
Deposits
$ 319

Porulntion
2,421

S
(2)
List of the insured and non-insured nonmeilber commercial
banks located in places with a Population of 6,010 or
over included in the first five capital classifications
(under z.50,000) of section (b) of Table 6 as of 12-71-75

(in thousands)

.:inirryum
:linnesota
Caital
Security State, Bemidji
$ 100
:iners State, Chisholm
100
Polk County State, Crookston
100
Central State, Duluth
100
American State Bank of ,:ankato,Inc.
100
State Bari: of :Jew Ulm
100
St. Olaud. State Bank, St. Claud
100
Liberty State Bank, St. Paul
100
Produce Exchange Bank, St. Paul
200
St. Anthony Park State, St.Paul
100
Western State Bari- of St. Paul
100
Farmers & Merchants State, Stillwater 100

Cal-ital
Stock
f'; 30
25
40
25
40
40
35
25
40
30
25
40

Total
Capital
Account
$ 39
55
50
70
65
126
52
77
56
45
41
,i6

Total
Deposits
$ 268
622
419
131
695
1,634
215
543
267
258
977
537

Population
7,202
8,308
6,321
101,463
14,038
7,708
21,000
271,606
271,606
271,606
-'71,606
7,173

7orth Dakota
1st International Bank, 'allot

100

728

16,099

Irisconsin
Superior State -.3r.n:, Superior
northwestern State, Chippewa Falls

100
500

30
40

38
91

650
768

36,113
9,539

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

August 31, 1936
tr. A. C. Timberlake,
14ssistant Statistician,
l'oderal ieverve Bank of gdnneapolis,
Tainesota
Lear

r. limberlaket
Tnis refers to

Table

No. 6 "Classification of Nonmember Lanks Operating No Branche
s Outside
Lie iied Office City Estt,blished after February
25, 1927, not eligible
for keCeral :.eserve ,
embersilip on the Bcsis of the Capital hequirements
of hegulation :10

paragreph ()," for the followinr clneses

of bankss
1. Non-Insurad Nonmember Com'ierciLl
2. Insured Nonmeaber Commercial
3. Insured :astual Savings
Uth resigoct to the second lartgra.lh of your letter, we underthnd from the Federal Deposit Insurance Cor.7orition that
the call reort r,.s of .,ecomber 31, 1)35 filed with the Corporation
by the Farmer
Iechanics Stivings Bank of 'Ainneanolis, Minnesota,
shows its capital
account Ls follows:
Surplus
t2,000,000
Undivided Profits
931,000
_pserve for contingencies
71,000
Total Capital Account

43,002,000

In Lie circumstances, it is suggested thut the figure $931,000 be used

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Mr. H. C. Timberlake -- 2

as undivided profits, as furnished you under date of August 14, in
order that the figures may be comparable with other data.
*ith regard to the inquiry contained in the last paragraph
of your letter, capital notes and debentures sold other than to the
econstruction Finance Cor?ovition, Item 8 on schedules FR 246, are
not taken into account in deteraiininE whether a given Ltate bank 111-s
tie legal minimum amount of capital required for Federal Reserve
membership, in view of the u'ovisione of Section 9 of the Federal
Reserve Act and of aegulation ii, Section 1, paragraph (f).
Very truly yours,

k. L. Smead, Chief,
Division of bank Operations.

:::110
Ifliril:
"
Jv4.411Lb
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Federal Reserve Bank of St. Louis

••••

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Federal Reserve Bank of St. Louis

•
FEDERAL RESERVE BANK OF MINNEAPOLIS
NINTH

DISTRICT

OFFICE OF THE CHAIRMAN
AND FEDERAL RESERVE AGENT

August 22, 1936

RECEIVE4

35
t1iIF4L'IJi

Board of Governors of the
Federal Reserve System
Washington, D. C.
Attention:

•DIVISION OF

E. L. Smead, Chief
Division of Bank Operations

BANK OPERATIONS

Gentlemen:
Complying with the request contained in Mr. Norbettis
letter of August 14 addressed to Mr. Peyton, we enclose herewith
"'able No. 7 NClassification of nonmember commercial banks operating
no branches outside the head office city established after February
25, 1927, with capital less than $50,000, located in places with a
population not exceeding 3,000, eligible for Federal Reserve membership under the provisions of Regulation H, Section 2, paragraph (a),
sub-paragraphs (1), (A), and (B)N for the following classes of banks:
1. Insured Nonmember Commercial
2. Non-Insured Nonmember Commercial
We also enclose duplicate copies of schedule FR 246b covering each
state bank member operating no branches outside the head office city
established after February 25, 1927, not eligible for conversion into
a national bank on the basis of the capital requirements prescribed
in Section 5138 U.S.R.S.
In sorting Forms FR 246b for copying in order to furnish yau
with duplicatesrequested in the third paragraph on page 2 of Mr. Horbett's
letter of August 14, we found one bank with one branch in the head office
city (established December 1919) which had a population of more than
6,000 but less than 50,000 with a capital of $100,000. We did not provide you with a duplicate copy of this bank e s schedule FR 246b inasmudh
as it appears that this bank could convert into a national bank and
retain its branch withaut being required to increase the amount of its
o in this matter we shall be glad to furnish
capital. If we are in errr
yIII! with a copy of the schedule.
Very truly yaurs,

C. Timberlake,
Assistant Statistician.
HCT:EH
Enclosures

73v4m

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

FEDERAL RESERVE

BANK OF MINNEAPOLIS

NINTH

RECEIVED

DISTRICT

OFFICE OF THE CHAIRMAN
AND FEDERAL RESERVE AGENT

AUG 22 1936
DIVISION OF
BANK OPERATIONS

August 21, 1936

Board of Governors of the
Federal Reserve System
Washington, D. C.
Attention:

Mr. E. L. Snead, Chief
Division of Bank Operations

Gentlemen:
Will you kindly have the enclosed Table No. 6 for
Insured Non-Member Commercial Banks in Michigan substituted
for the copy sent you by regular mail last night
:
--Figures for
one bank with one branch outside of the head office city
(established 1934) were inadvertently included in the table
sent you yesterday.
Yours very truly,

H. C. Timberlake,
Assistant Statistician.
HCT:EH
Enclosure

RECEIVED FEDERAL RESERVE BANK OF MINNEAPOLIS
NINTH

AUG 22 19:)6

DISTRICT

OFFICE OF THE CHAIRMAN
AND FEDERAL RESERVE AGENT

DIVISION Or
BANK OPERATIONS

114,
August 20, 1936

Board of Governors of the
Federal Reserve System
Washington, D. C.
Attention: E. L. Smead, Chief, Division of Bank Operations
Gentlemen:
In partial compliance with the request contained in Mr.
Horbettesi letter of August 14 addressed to Mr. Peyton, we enclose
herewith 'Table No. 6 "Classification of Non-Member Banks Operating
No Branches Outside the Head Office City Established after February
25, 1927, not eligible for Federal Reserve Membership on the Basis
of the Capital Requirements of Regulation H, Section 2, paragraph
(a)," for the following classes of banks:
1. Non-Insured Yon-Member Commercial
2. Insured Non-Member Commercial
3. Insured Mutual Savings /
For your information, there are no non-insured mutual savings banks
in the Ninth Federal Reserve District.

1 77
:

(4'

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Referring to the second paragraph on page 2 of Mr. Horbett's
letter, the undivided profits of the Farmers & Mechanics Savings Bank
of Minneapolis were reported to be $931,000 instead of $1,002,000, the
figure that was originally posted on the sheet. Upon checking these
figures with the figures shown in the Minnesota Banking Department's
abstract for December 31, 1935, we found that the undivided profits
shown on the abstract were $1,008,000. We have used the figure that we
obtained from the abstract in Table No. 6 for insured mutual savings
banks. If this is not in accordance with your wishes, please let us
know.
While neither Mr. Horbett's letter nor your Table No. 6 called
for item 8 on Schedules 246c and d, it appears to us that if the figures
wanted were "the aggregate amount of 'Capi al stock plus capital notes and
debentures, " it should have been included. For our information, will
you, at your convenience, advise us w14. was omitted.
Very truly yolts

. C. Timberlake,
Assistant Statistician.

1/
HCT:EH
Enclosures

7*
(

fF3

•

FEDERAL RESERVE BANK OF MINNEAPOLIS
NINTH

DISTRICT

OFFICE OF THE CHAIRMAN
AND FEDERAL RESERVE AGENT

RECEIVED
August 18, 1936

AUG g0 1936
Board of Governors of the
Federal Reserve System
Washington, D. C.
Attention:

DIVISION OF
BANK OPERATIONS

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

Gentlemen:
Complying with the request contained in Mr. Horbett's letter
of August 12 addressed to Mr. Peyton, we enclose herewith Table No. 5
"Classification of Yon-Member Commercial Banks not on the Federal Reserve Par List" for the following classes of banks:
1. Insured Non-Member Commercial
2. Non-Insured Non-Member Commercial
For your information, there are no insured mutual savings
banks that are not on the par list. The following table indicates the
reconcilement made between the figures reported to you in reply to your
letter B-1109 dated December 11, 1935 and the number of banks whose
figures are included in Tables No. 5 mentioned above.
Number of Non-Member Banks.not_on Par List
Tables No. 5
Decrease from
Commercial
No. reported in
Reply to 3-1109
Ingi
.
Iptal
reply to 3-1109
1
Mich.
0
0
0
1 (a)
Minn.
392
361
31
392
0
18
Mont.
16
1
17
1 (b)
127
N. Dak.
123
10
133
4 (c)
S. Dak.
100
100
0
100
0
61
Wis.
60
0
60
1 (6)
9th District
709
660
7
42
702
(a) B-1109 reply included Deter Savings Bank (private) - not included
in this study.
(b) 3-1109 reply included First State Bank, Medicine Lake (restricted)
not included in this study.
(c) 3-1109 reply included 1. Abercrombie State Bank, Abercrombie) All restricted 12-31-35
2. First State Bank, Burlington
Not included in this study.
3.• Citizens State Bank, Goodrich
4. First International Bank, Landa
)
(a) 3-1109 reply included Catawba State Beskk, Catawba (absorbed 12-31-35)
not included in this study.

.3T:EH

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Very truly

AMR&

. C. Timberlake, Asst. Statistician.

FEDERAL RESERVE

BANK

NINTH

OF MINNEAPOLIS

DISTRICT

Division of

RECEIVED

OFFICE OF THE CHAIRMAN
AND FEDERAL RESERVE AGENT

uG 18 1936
DiVISicN OF
AlIONICt COEB1J50NS

4/PA"

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Board of Governors of the
Federal Reserve System
Tashington, D. C.
Attention:

F. L. Snead, Chief
Division of Bank Operations

Gentlemen:
In partial compliance with the request contained
in Mr. Horbett's letter of August 12 addressed to Mr. Peyton,
we enclose herewith Table No. 4 "Classification of banks
according to ratio of capital account to total deposits" for
the following banks:
1. Insured Non-Member Commercial
2. Yon-Insured Non-Melaber Commercial
3. Insured Mutual Savings

Very truly you

H. . Timberlake,
Assistant Statistician.
HOT:MI
"
11:nn!.077,,rE!S

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

S
FEDERAL RESERVE BANK OF MINNEAPOLIS
NINTH DISTRICT
OFFICE OF THE CHAIRMAN
AND FEDERAL RESERVE AGENT

August 14, 1936

RECEIVED
Board of Governors of the
Federal Reserve System
Tashington, D. C.
Attention:

AUG 1 7 1936
DIVISION OF
OPERATIONS

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

Gentlemen:
In compliance with the request contained in Mr.
Horbett's letter of August 12 addressed to Mr. Peyton, we
enclose herewith Table No. 4 "Classification of banks
according to ratio of capital account to total deposits"
for national banks and state member banks in the six states
and part states in the Ninth Federal Reserve istrict.
Table No. 4 for the non—member bank classif
tions will be
forwarded to you shortly.
Very truly yours,

111.P.

H. C. Timberlake,
Assistant Statistician.
HCT:MI
Enclosures

,1 1,k

operations He
U

Undivided profits of insured =Wel savings banks, iecember ?1, 1935
(In Villocncis of dolit,re)

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

6svings zunk

drincapolis

annesota

931

3uperior

Aisconsin

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

EDERAL RESERVE BANK OF MINNEAPOLIS
NINTH

DISTRICT

OFFICE OF THE CHAIRMAN
AND FEDERAL RESERVE AGENT

August 7, 1936

Board of Governors of the
Federal Reserve System
Tashington, D. C.
Attention:

E. L. Smead, Chief
Division of Bank Operations

Gentlemen:
In reviewing your instructions in regard to the preparation of Tables Nos. 1, 2 and 3, we find that we have failed
to comply with the instruction contained in the first paragraph
on page 3 of your letter of July 10 when preparing the tables
previously sent you.
The enclosed copies contain the footnotes requested
in regard to estimated figures and we ask that you substitute
them for the tables you now have.
According to our records, we have now supplied you
with all information thus far requested In connection with
this study. If we are in error, kindly advise.
Very truly yours, ,

H. C., Timberlake,
Assistant Statistician.
HCT:EH
Enclosures

FEDERAL RESERVE BANK OF MINNEAPOLIS
NINTH

DISTRICT

OFFICE OF THE CHAIRMAN
AND FEDERAL RESERVE AGENT

August 6, 1936

Board of Governors of the
Federal Reserve System
Washington, D. C.
Attention:

E. L. &mead, Chief, Division of Bank Operations

Gentlemen:
Complying with the request contained in the third paragraph of
your letter of July 10, we enclose herewith completed schedules F.R. 246d
for the three non-insured non-member banks other than commercialthat are
located in the Ninth Federal Reserve District, namely: Builders Trust Company, Minneapolis, Minnesota; Superior Trust Company, Hancock, Michigan: First Trust Company, St. Paul, Minnesota.
/, Complying with the request contained in Mr. Horbett's letter Jf
July 20, we are enclosing schedules F.R. 246a, b, or c as the case may be,
for the following banks which had one or more branches either in or outside
of the head office city on December 31, 1935:

Bank
National Metals, Hancock, Mich.
Commercial Bank of Menominee, Mich.
First Natl. Bank & Trust Co., Mpls.,Minn.
Northwestern Natl., Mpls., Minn.
First National, Aberdeen, S. Dak.
First National, Lead, S. Dak.
First National, Rapid City, S. Dak.
N. W. Security Natl., Sioux Falls,S.Dak.
Merchants & Miners, Calumet, Mich.
Commercial Bank of L'Anse, Mich.
Dakota State Bank, Colman, S. Dak.
Northern State, Ashland, Wis.
Dairyland State, Bruce, Wis.
State Bank, Centuria, Wis.
Northwestern State, Chippewa Falls, Wis.
Northwestern State, Cumberland, is.
Bank of Durand, Wis.
Bank of Ellsworth, Wis.
First Bank of Grantsburg, Wis.
Security State, Ladysmith, Wis.
Fidelity State, Luck, Wis.
State Bank, Medford, Wis.
Bank of New Auburn, Wis.
Bank of New Richmond, Wis.
Bank of Osseo, Wis.
First State, Port Ting, Wis.

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Federal Reserve Bank of St. Louis

Form Number, F.R.
(?46a 246b and 246c)
246a
246b
246a
246a
246a
246a
246a
246a
246c
2460
246c
246c
246c
246c
246c
246c
246c
246c
246c
246c
246c
2460
246c
246c
246c
246c

Board of Governors

- 2-

8-6-36

Chippewa Valley Bank, Radisson, Wis.
State Bank of Rice Lake, Wis.
Shell Lake Bank, Shell Lake, Wis.

246c
246c
246c

Very truly yours,

H. G. Timberlake,
Assistant Statistician.
HCT:EH
Enclosures

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Form F. R. 148 b

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

TELEGRAM
BOARD OF GOVERNORS
OF THE

FEDERAL RESERVE SYSTEM
LEASED WIRE SERVICE
WASHINGTON

August

19%

Timberlake - iinneapolis
Referring to fourth paragraph of your August 3, letter, amounts
of Real estate loans and Loans on securities of the eight banks have
been verified by FDIC and found to be in agreewent with December 31,
1935 condition reports, also comparable with corresponding figures
in reports rendered as of June 30, 1336.
HORBETT

August 6, 1936
r
alORANDTA FOR:
- i/ / .2. •
',Ir. Robert I. Gresswell,
Federal Deposit Insurance Corp.,
National Press Building,
Washington, L. C.

Confirming AAr. Walker's telephone request, it will be
f,p;>reciated if you will kindly verify the correctness of the following figures which we took off tae December 31, 1935 condition reports
of the banks indicated below:
Total‘L/LLIA
R.L.Loaqs
Loans on beg.
(In thou&-mds of dollars)
Fidelity btate, Minneapolis
2nd N.W. State, Minnesiolis
Com01 State, Lt. Paul
Nicollet Co., ,A. Peter
O'Connor -ros. St., Renville
Farmers Sec. St., Zumbrota
State Bank, Cokato
First State, Albany

lLAt
e

A.14..,L5vte 4 4,7"--,

9.
as

e-t,A-4A,A04

.11.11/ab

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Federal Reserve Bank of St. Louis

498
188
707
385
284
470
481
309

J. E. Horbett, As It. C,def,
Livision of Bulk Operations.

$'e,

218
11
71
15
0
0
8
0

)'1\-19 ,

)7111, eme-4 4.4(.4.0

279
107
488
244
163
258
371
235

CC.Lt
[1

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Federal Reserve Bank of St. Louis

FEDERAL RESERVE BANK OF MINNEAPOLIS
NINTH DISTRICT
OFFICE OF THE CHAIRMAN
AND FEDERAL RESERVE AGENT

41/6tatgie
stki
oa of
uguit4414.0PER4110#8
Board of Governors of the
Federal Reserve System
Washington, D. C.
Attention:

E. L. Smead, Chief
Division of Bank Operations

Gentlemen:
Referring to my letter of yesterday, we enclose
herewith copies of Tables Nos. 2 and 3 for insured non—
\
member commercial banks.
Very truly yours,

H. Q. Timberlake,
Assistant Statistician.
HCT:EH
Enclosures

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Federal Reserve Bank of St. Louis

FEDERAL RESERVE BANK OF MINNEAPOLIS
NINTH

DISTRICT

OFFICE OF THE CHAIRMAN
AND FEDERAL RESERVE AGENT

August 4, 1936

Board of Governors of the
Federal Reserve System
Washington, D. C.
Attention:

E. L. Smead, Chief
Division of Bank Operations

Gentlemen:
•-.1

e )

Referring to my letter of yesterda
we enclose
herewith copies of Tables Nos. 2 and 3 for (1) national Banks,
(2) state member banks of the Federal Reserve System, (3) noninsured non-member commercial banks, and (4) insured mutual
savings banks.
Copies of Table No. 2 for insured non-member commercial
banks will be forwarded to you within a day -or wo and will be
followed shortly by copies of Table No. 3 for-inured non-member
commercial banks.
Very truly yours,

4IV

H. C. Timberlake,
Assistant Statistician.
HCT:EH
Enclosures

(,)

•

FEDERAL RESERVE BANK OF MINNEAPOLIS
NINTH DISTRICT
OFFICE OF THE CHAIRMAN
AND FEDERAL RESERVE AGENT

3, 1936
6141°Qk
-140.-4/414,
Sh't
ww 0
Board of Governors of the
Federal Reserve System
7ashington, D. C.

Ont_
s3

Attention:

'47

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

Gentlemen:
Referring to your letter of July 10 and Mr. Powell's letter
of July 15, we enclose herewith Table No. 1 "Classification of Banks
According to Ratio of Demand Deposits to Total Deoosits, December 31,
1935" for insured non-member commercial banks in each of the 6 states
or part states in the Ninth Federal Reserve District.
In addition we are also enclosing corrected copies of Table
No. 1 for non-insured non-member commercial banks in Michigan and Minnesota.
These corrected copies were made necessary by the slight changes in the
classification of banks contained in your letter of July 15.
Copies of Tables Nos. 2 and 3 for (1) national banks, (2) state
member banks of the Federal Reserve System, (3) non-insured non-member
commercial banks, and (4) insured mutual savings banks will be forwarded
to you within a day or two. We do not have any non-insured mutual savings
banks in the Ninth Federal Reserve District.
In working with the individual forms FR 246-c for insured non•
commercial banks, we note an unusually large difference between
member
11
abstract figure
the Minnesota aggregate for item 17 and the FDIC Minnesota
for loans on real estate. In examining the individual reports, we found
J
seemed to be an
several instances where the amount of real estate loans
discaunts.
If convenient,
loans
and
proportion
of
total
unusually large
estate
figures
for
real
loans
for the
will yau have some one check the
following banks and advise um of any changes that we should make.
(in thausands of dollars) Fidelity State, Minneaoolis
2nd Y.W. State, Minneapolis
Comq State, St. Paul
Nicollet Co., St. Peter
O'Connor Bros. St., Renville
Farmers Sec. St., Zumbrota
State Bank, Cokato
First State, Albany

R.E.Loans
279
107
488

244
163
258
371
235

on Sec. Tota.11/0,3
218
498
11
188
71
707
15
385
0
284
0
470
8
481
0
309

Lsiettns

Very truly yours,
4 1 /9'3

HCT:EH

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Federal Reserve Bank of St. Louis

1.
H. C. Timberlake
Assistant Statistician.

July 21, 1936

Mr. O. S. Powell,
Assistant Federal Reserve Agent,
Federal Reserve Bank of Minneapolis,
MinLeapolis, Minn.

Dear Mr. Powell:
reference is made to .r. Smead's letter of July 16 addressed to
Mt. Geery, and to the schedules FR 246c and d covering insured nonmember
banks in your district sent to yTAlr

bank on the same date.

Through inadvertence, the amount of surplus of mutual savings banks
was not shown against Item 13 of schedules 246d. The amounts are Shown
below (in thousands of dollars), and it will be appreciated if you will
havem inserted in the schedules covering the respective banks:
Minnesotk
Farmers .F:! Mechanics Savings Bank

Minneapolis

2,000

v' Wisconsin
Workers' Mutual Savings Bank

Superior

Very truly;'ours,

J. E. Horbett, Asst. Chief,
Division of Bank Operations.

JF7

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Federal Reserve Bank of St. Louis

July 15, 1936

Mr. H. C. Timberlake
Assistant Statistician
Federal Reserve Bank of Minneapolis
dinneapolis, Ainnesota

Dear 11r. Timberlake:
In response to your letter of July 7, with regard to the classifications of member and nonmember banks referred to in our letter of
June 24, you are advised as follows*
Although agregates of the items called for by schedules FE.
246a, bp c, and d will be compiled incident to the classification of
banks individually, the aggregntes will be used lra'.gely es a check
against the distribution of banks falling into the vnrious grolips.

was recognized that the compilation of the member bunk data at the
indivi.ual Reserve banks would result in

some

differences in aggregate

figures, and that it would be practically impossible to reconcile some
of the differences without extensive correspondence.

We should like

the figures in each bank's schedule to be as nearly correct as practicable, even if for some reason or other incorrect figures have entered
into the consolidations made at
fices.

tie

Board's pnd the Comptroller's of-

For example, in the case of the First National ban'‹ of Hardin,

Minnesota, and the First National bank of Miles City, annesote, the
figures of 'Other securities' should be exclusive of Federal reserve
bank cashier's checks which were i=orrectly included in Asset Item 4.

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Federal Reserve Bank of St. Louis

Mr. A. C. Timberlake -- 2
If, therefore, ttvailable information indicates that some figure in the
call report is

correct, it should not be used but the correct figure

should be entered instead in the schedule Fh 246a or b.

In the absence

of information indicating that a figure in a given call report is not
correct, however, there is no need of attemptiw- to clec'ic the figure.
For the purpose of schedules FR 246a and b, the amounts of items 1, 2, 3,
and 4 of the schedule should be exclusive of valuation reserves deducted
by the bank, i.e., the figures should be net.
The reconcilement of the number of banks in Annesota furnished
it

the cbstract of condition reports as of iLarch 4, 1936 indicates that
Ainnesota, was include

tr;e Aendota State 'dank,

in the 'Lecember

31, 1935 abstract and was placed in voluntary liquidation between that
date and the next call date, garch 40 1936.

In the circumstances, it is

suggested, if Lecember 11, 1935 figures for Lis bank are not available,
that figures for the latest preceding call date be substituted.

The

Security State Bank of Maynard, Minnesota, should not have been included
in the list of non—insured nonmember banks sent you with oux letter of
June 26 and our copy of the list h. s been corrected accordingly.

The

list should, however, have included the State Bank of Bixby, ginnesota,
nnd it is requested that it be added to your copy of the list.
It is assumed from your letter tilt you have estimated satis—
factorily the amount of demand deposits in all cases, but that satisfactory
estimttes on loans on securities and real estate loans could not be made

for some banks.

We are anxious to obtain

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Federal Reserve Bank of St. Louis
NIL

nearly complete coverage as

Ar. H. C. Timberlake --

practicable of demand deposits.

It is not as important, however, that

figures of loans on securities and real estate loans be obtained or
estimated, in fact the form of condition reports prescribed by some
State banking departments as of December 31, 1935 did not call for
figures from which these items might be eompiled.

In any case, it is

Juggested that State banking departments be not requested to furnish
iny of the data called for by the schedules until the importance of
doing this has been passed upon by us.

Apparently, the amount of Loans

on securities and Real estate loans of a number of non-insured nonmember
hanks in St. Paul were estimated on the basis of the average ratio of
such louns to total loans of seven other banks in St. Paul and Minneapolis.
Inasmuch Ls the ratios for the seven banks taken individually vary widely,
it is believed that the average ratio should not be used for the purpose.
Accordingly, these items may oe omitted for tae non-insured nonmember
banks in St. Paul, since we are interested in the distribution of the
figures for individual banks, rather than in approximately correct aggregates for a given group of banks.
In view of the information given in the first paragraph on page

3 of your letter, the Superior Trust Company of Hancock, MicAigan, will
be classified as a non-insured trust company without deposits, and the list
reconcilement sheet Aave been changed accordingly.
The 1935 annual report of the lichigan banking department apparently shows the item "Loans secured by collateral" for one of the three
non-Insured banks in your uistrict.

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Federal Reserve Bank of St. Louis

On reference to the fora of condition

Mr. H. C. Timberlake -- 4

report prescribed by the Aate banking department, however, we find that
the item does not appear to be comparcble with 'Loans on securities".
It should not, therefore, be used in the care of the three non-insured
Michigan banks in your district.
It was cseumed that all Federal Reserve banks had a record of
branches of both member and nonmember banks on the basis of which they
could report chlAages in branch banking in their respective districts in
accordance with the Board's letter St. 5386 of November 1R, 192).

Ap-

.9arently, in the case of your bank no such record has been maintained,
presumably because until recently branch banking has had relatively little development in your district.

There is inclosed for your use a list

of branches of both member and nonmember banks in your district as shown
by our records.

This is based on advices of the establishment and dis-

continuance of branches received from the Comptroller's office in the
case of national banks and

such other information as haa come to

our attention from time to time, including reports from the Federal Reserve Bank of Chicago which in the past apparently have covered the
entire States of Wisconsin end. Aichigan.
reconciled with Schedule I

This information has been

f condition reports rendered by member banks

and insured nonmember banks.

In the case of non-insured banks, no such

reconcilement can, of course, be made.

It is requested that reports of

the establishment and discontinuance of branches of both member and nonmember banks in your district be submitted hereafter on Form St. 5386e,
in accordance with the Board's letter St. 6386 of November 1j3, 1929, at

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Federal Reserve Bank of St. Louis

kr. ,. C. Timberlake -- 5

such times as changes in branch banking come to the attention of your bank.
Your assumption is correct that the aggregate par value of com—
'ion stock is to be shown against Item 13, even if there is an impairment
therein.
Very truly yours,

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

Inclosure.

b6P)

JEH/ab
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Federal Reserve Bank of St. Louis

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Federal Reserve Bank of St. Louis

•
FEDERAL

RESERVE BANK OF MINNEAPOLIS
NINTH

DISTRICT

OFFICE OF THE CHAIRMAN
AND FEDERAL RESERVE AGENT

July 15, 1936

nivision of E34,ii,
BECEIV°
3uL1t

1936

Board of Governors of the
Federal Reserve System
Attn: Mr. E. L. Smead, Chief
Division of Bank Operations
Washington, D. C.

Gentlemen:
In partial compliance with the instructions
given in your letter of July 10, I am enclosing table fl
which is a classification of banks in the Ninth Federal
Reserve District, according to ratio of demand and time
deposits to total deposits on December 31, 1935. The
attached sheets give the figures for national banks, state
member banks, and non-insured commercial banks for each
state or part of a state in this district. We have not,
as yet, received the individual bank records for insured
non-member commercial banks, but a tabulation will be submitted for those banks very shortly after you send us the
basic data. If you would prefer to have us delay sending
you these tables until we can include the insured nonmember commercial banks, please advise me to that effect.
There is also attached a list of banks for which
the proportionate demand deposits were estimated. We considered the estimate satisfactory and consequently included
these banks in our summary.

Very truly yours,

O.' S. •o-11
Assistant Federal Reserve Agent

OSP VR
Enclosures

•

LIST OF NON-INSURED, NON-MEMBER COMMERCIAL BANKS
FOR WHICH DEMAND DEPOSITS WERE ESTIMATED
-showing basis of estimate in each case-

Name and Location of Bank

Amount of
Demand Deposits

Basis of Estimate

34,000

Estimated from Polksi March 1933
directory

Bank of Glacier County,
Cut Bank, Montana

83,000

Estimated from June 30,1935, bank
examination report

First State Bank,
Page, North Dakota

47,000

Estimated from a group of banks of
same size in same territory

LaCrosse Trust Company,
LaCrosse, Wisconsin

Northwestern Bank,
Langdon, North Dakota

114,000

Pioneer State Bank,
Towner, North Dakota

223,000

Estimated from a group of banks of
same size in same territory
Estimated from a group of banks of
same size in same territory

Citizens State Bank,
Walnut Grove, Minnesota

78,000

Used same percentage as indicated in
Folks' December 1935 directory

First State Bank,
Ogilvie, Minnesota

60,000

Estimated same ratio as indicated in
Polkst June 1935 directory

State Bank of
Morristown, Minnesota
Security State Bank
Sandstone, Minnesota

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Federal Reserve Bank of St. Louis

102,000

23,000

Estimated from same ratio as indicated
in Polksi June 1935 directory
Estimated from Folks' June 1935
directory

•
FEDERAL RESERVE BANK OF MIN-NEAPOLIS
NINTH

DISTRICT

OFFICE OF THE CHAIRMAN
FEDERAL RESERVE AGENT

RECEIVED

/-/

AND

JUL 141,195/41936
Board of Governors of the
Federal Reserve System
Washington, D. C.
Attention:

DIVISION OF
BANK OPERATIONS

E. L. &mead, Chief, Division of Bank Operations

Gentlemen:
In accordance with the request contained in your letter of
June 24, we have prepared Forms P.R. 246a and F.R. 246b for each national
and state member bank in the Ninth Federal Reserve District. We have
compared aggregates for the first 18 items on the forms mentioned above
with figures shown in abstracts of the December 31, 1935 call report
published by the Board of Governors, the Comptroller of the Currency,
and the Federal Deposit Insurance Corporation. In very few instances
were the aggregates identical with the published abstract figures.
We have endeavored to reconcile the differences found by
comparing figures shown on the December 31, 1935 Parnings and Dividend
Report with those shown on the December 31, 1935 call report,by inspecting
schedules on the call report, especially G, L, and M, and by taking into
consideration changes that the member banks had requested us to make in
their call report._ One of the commonest causes of the differences was the
deduction of "valuation reserve" from the total of the individual items
shown in Schedule G. A few differences were apparently caused by the inclusion in the abstracts of deposit liabilities shown in Schedule M on the
call reports. Needless to say, with the little information at hand as to
the method of preparing the abstract figures, it was impossible for us to
reconcile all of the differences.
Assuming that a part of the information you will want us to report
to you will be aggregates of some of the reported items, we should greatly
appreciate your advising us as soon as possible whether or not you wish us
to adjust the figures on the individual forms F.R. 246a and 246b,in so far
as we are ableto agree with the published abstract figures.
We are enclosing a copy of our reconcilement sheet for all member
banks in Montana with explanatory foot notes. If the detail contained in
the foot notes were carried back to the Form 246a or b as the case might
be, the call report totals would much more closely approximate the abstract
figures although the differences would not be entirely eliminated.
Referring to your letter of June 26 we have prepared Forms F.R.
246d for each non-insured non-member bank in the Ninth Federal Reserve
District included on the list enclosed with your letter with the exception

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Federal Reserve Bank of St. Louis

- 26/8/36

Board of Governors

,_14,/
t
6-K--

of the Itenslota State Bank, Mendota, Minnesota, utilizing figures obtained
from annual reports of state banking departments and various bankers
directories. The Mendota State Bank is reported to have been liquidated
as of the close of business December 31 and consequently is not included
State Bank of Maynard,
in the current bankers directories. The Security
Minnesota which was included on your lfst was not -Egliered until January
17 and was reported as open for business on January 18. While this bank
was included in the 1936 bank directory of the Ninth Federal Reserve District, the only figures shown were Capital, $10,000; Surplus and Undivided
Profits, $3,000. From the information we have at hand the only figures we
could enter on Form F.R. 246d would be for items 13 and 14. Do you wish
a form prepared and included in the non-insured non-member bank group?
In regard to the estimates required to complete the forms for
the non-insured non-member banks, we find little information available
in regard to loans on securities and,real estate loans. For a small number
of banks it was also necessary to estimate the amount of _demand deposit-s.
Our estimates of loans on securities and real estate loans were-Prepared
in sudh manner as to make them comparable to the percentages of nearby
banks of approximately similar size. The volume of loans and discounts
at most non-insured banks was exceedingly small and very rough avoroximations would not seriously affect any aggregates for all banks in the district.,/In the city of St. Paul, however, there were a number of non-insured
non-member banks with somewhat larger loan and discount totals. The data
u
in preparing estimates for these banks is shown below. Unless we receive instructions from you to the contrary, we do not contemplate requesting
any data for individual banks from the Minnesota State Bank Department.

St. Paul
Minneapolis

Total Loans & DJ.
910
661
638
285
690
510
Total 4,246
of Total LiDls

Loans on Sec.
167
68
108
39
242
22
3,61
807
19

Real Est.Loana
266
181
279
11
239
66
1,094
25.9%

Our library contains copies of December 31, 1935 reports published
by the state banking departments of Michigan and Wisconsin. The last published report (biennial) for South Dakota was received in our library
February 25, 1935 and contained June 30, 1933 and June 30, 1934 figures for
individual banks. In 1933 the law requiring publication of reports by the
state examiner of Montana was repealed and no reports showing figures for
Individual banks have been published since that time. In Minnesota, publication of annual reports containing individual bank figures was discontinued
in 1924 because of insufficient funds. The last published report by the
state examiner of North Dakota for the biennial period July 1, 1932 to
June 30, 1934 did not contain any figures for individual banks.

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Federal Reserve Bank of St. Louis

- 36/8/36

Board of Governors

In regard to tne "Class of bank" mentioned in the last paragraph
on page 2 of your letter of June 26, the Superior Trust Company of Hancock,
Michigan was included with the commercial banks on the list enclosed with
your letter of June 26 but is reported to function only as a trust company
both by the Michigan Banking Department and by Rand McNally bankers directory.
For ypur information, the $19,000 debentures shown in some directories for
' the Superior Trust Company of Hancock, Michigan are not capital debentures
but apparently are "mortgage debentures" and would be comparable to mortgage
bonds and/or participation certificates shown at item 19 on your Form 105.
In preparing Form F.R. 246d for non-insured non-member banks in
the item "loans secured by collateral!' (both time and demand) as
Michigan
banking departments annual report was considered to be "loans
the
by
shown
on securities!' The total of "loans secured by collaterar for the three noninsured Michigan banks amounted to $132,000 out of a total loan and discount
figure of $450.,000.
The annual reports and bankers
Information in regard to branches in the
head office city. We are estimating the
except in those cases where we postively

directories contained very little
head office city or outside of the
number of branches to be "none"
know of their existence.

Referring to your letter of June 30, for item 14 on Form3F.R. 246a,
b, and d we have used the figure as extended into the right-hand column of
the condition report although this practice has consistently resulted in a
difference when comparing our aggregates with published abstract figures.
We have disregarded any capital impairment and have recorded the aggregate
par value of common stock on each form as is indicated in the case of the
First National Bank of Ismay in foot note III on the Montana reconcilement
sheet.
Very truly yours,

H. C. Timberlake•
Assistant Statistician.
HCT:EH
Enclosure

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Federal Reserve Bank of St. Louis

Form F.R. 246a-June, 1936

NATIONAL BANK

•

RECONCILEMENT OF CALL REPORT FIGURES FOR ALL MEMBER BANKS IN MONTANA (67) WITH
ABSTRACTS PUBLISHED BY (1) BOARD OF GOVERNORS (2) C OF C and (3) F.D.I.C.
(City)

(State)

Population (1030 census)

District number

(Name of bank)

December 31, 1935 Call Report Figures

Foot note
Number_

Call Rep
Totals

Amounts in
thousands
of dollars

Diff.
(Abs.fig.

From A bs tracts as base)

1+2

25,.427

2. U. S. Gov't obligations, direct and fully guaranteed

27,240

3. Other securities

18,231

18,145

486

4. Total loans and investments

70,898

Sub-total
in box

70,812

+86

5. Total assets

125,188

6. Total deposits

112,736

--Capital account:
7. Capital notes and debentures sold to R.F.C.
8.

Capital notes and debentures sold to others

Preferred stock sold to R.F.C.:
Aggregate par value

13.

Common stock, aggregate par value

14.

Total capital account

15. Number of branches:
In H.O. City

7535

9
10.

430.0 * Exam. report

11.

430.0 * Exam. report

12.

5,987.5
12,169

, Outside

112721

1,323.0 * Exam. report

Aggregate retirable value

12.

5
+15

X X X X 3C 7.

1,048., * Exam. report

Other preferred stock:
Aggregate par value

11.

125,188

X X X X X 8.

Aggregate retirable value

III1O.

Sub-total
in box

30.0

7,496

Item number
t in call
report

25,427
27,240

1. Loans and discounts (including overdrafts)

30-c
30 extended

-39

13
12,203

14.

-34

Schedule D

16. Loans on securities

3,859

Sch. E: 5

3,859

16.

17. Real estate loans

1,878

Sch. E: 6

1,878

17.

18. Demand deposits

77,961

77,.881

18.

+80

Sch. J: Total
Derivation

Items to be derived from above

18 -L. 6

19. Ratio of demand deposits to total deposits
20.4 Call report item 4 decreased by $27M ancl $314 fr.gm

%19.

otal of item s in Sch.G 0n20.

21.

reports of Union Bk. & Tr., Helena and Nat. Bk. of

ewistown

re.aervez."

_cas.hier!s..

Helena Br. F.R.Bk. on reports of let Natl.* Harclin a d Miles City respectivelyw.
NET DIFFERENCE:

24.
25 I
26.
27.

"valuation

21.

eds_Qf

Call report figures -5

Call report figures include a correction receivffl

24.
rom let Nat,, Glasgow earty

in Feb. that shifted $64,4M -from Sch.K to Sch.J and added $28.1M to item 7,

Sch. J and Sch.J total, items 8 and 18 and Total As ets and Total Liabilities27

28.

on face of report. NET DIFFERENCES:

29.

Total Deposits -$13M and Demand Deposits -$1ZM.

Total_ Aszets. c

1 mortilaures -$2811

31. ....par

34.

only $12,169.

_Impairment.mf..460...bALAL

total only $7,4961f.
IV. Call report figures,...including_IsmAy_at "rot" au

28
29

30III.AgreGate for item 30 extendedlon call reports ancl extension of shares at

32
of only $29M, total

31
34.
35.

35.
* To be reconciled with items 30-a and 30-b in the call report.

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Federal Reserve Bank of St. Louis

FEDERAL RESERVE BANK OF MINNEAPOLIS
NINTH

DISTRICT

RECEIVED

OFFICE OF THE CHAIRMAN
AND FEDERAL RESERVE AGENT

JUL 2U 1936
July 18, 1936

Mr. E. L. Smead, Chief
Division of Bank Operations
Board of Governors of the
Federal Reserve System
Washington, D. C.

DIVISION OF
BANK OPERATIONS

Division of Bank Orreratiang FJ

Dear Mr. Smead,
Referring to your letter of July 16, 1936,
addressed to Mr. Geery, I wish to acknowledge receipt
of the individual schedules, FR 246c and d, covering
all insured non-member banks in the Ninth Federal Reserve District. I note your instructions that the data
for individual banks may not be used for any other purpose than the Present study.

Very truly yours,

O. S. Powell
Vice President

OSP VR

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Federal Reserve Bank of St. Louis

•

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Federal Reserve Bank of St. Louis

•

RECEIVED

1937 Tr.‘

FEDERAL RESERVE BANK,
OF

KANSAS CITY

April 27, 1937

Board of Governors of the Federal Rescrve System
Washington, D. C.

Gentlemen:

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

With reference to your wire of April 28 requesting
certain information relating to the classification of banks,
there

enclosed a statement showing name, demand deposits,

and total deposits of each bank reported against the first
three ratios of Table 1, aubmitted in response to your letter
of Tuly 10, 1936.
Very truly yours,

Enc.

C. A. Worthington
First Vice President

NAME OF BANK

DEMAND DEPOSITS

TOTAL DEPO6ITS

0.0%
-South Omaha Savings Bank
South Omaha, Nebraska

0.1

667,000

4.9 %

None

5 - 9.9%
The Wheeler Kelly Hagny Trust Co.
Wichita, Kansas

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

30,000

424,000

FORM F. R. 248

•

*BOARD OF GOVERNORS
OR T

195 C K

•

F:OAP.7) ATTYITI3

pt4

FEDERAL RESERVE L.WV:9\1

KANSASCITY APPlieleoW4.
E N,
G co
154717AIRsEHTNRviT

•

=AD
WASHINGTON

REFERSING YOUR WIRE CONNECTION OUR LETTE13. ATTL

OUR REPORT

CORRECTED SHOULD SHOW CITIZENS STATE BANK, JOPLIN, MO $45,000
INTERNATIONAL STATE BANK, RATON, NEWMEXICO $35,000, WHICH AMOUNTS

AGREE WITH THOSE WM SHOWN IN TABLF 6.

•

WORTHINGTON
406 P

•

•
I

•

•
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 11

TELEGRAM
BOARD OF GOVERNORS
OF THE

FEDERAL RESERVE SYSTEM
LEASED WIRE SERVICE

WASHINGTON

April 12, 1937

Worthington - Kansas City
The statement attached to your April 8 letter
shows two insured banks in Missouri and one in No
Mexico with capal stock of t25,000, whereas Table

for those States shows one bank and no bank, reDpectively,
in the $25,000 classification.

Please advise necessary

corrections.

SMEAD

457:1;
I•11,

DMK/lee/)1

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Federal Reserve Bank of St. Louis

G P

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Federal Reserve Bank of St. Louis

RECEIVED

FEDERAL RESERVE BANK
or

1937 Ai

9 PM

l
(
;
1i

KANSAS CITY
CF THE
, • VERAL RESERVE SYSTEM

iii;k1VELS
April 8, 1937

APR 9 1937
DIVISION OF
BANK OPERATIONS

Board of Governors
of the Federal Reserve System
Washington, D. C.
Attention of E. L. Smead, Chief
Division of Bank Operations
Gentlemen:
Referring to your letter of April 6, 1937,
with respect to classifications of banks in operation
on December 31, 1935, we are enclosing lists of banks
with supplemental data as requested.
Very truly yours,

First Vice President
Enc.

April e, 1937

(11

Insured and non-insured nonmember commercial banks
included in Tables 6 and 7, respectively, which
were operating one or more branches outside the
head office city.
NONE

(2) Insured and non-insured nonmember commercial banks
located in places with a population of 6,000 or
over included in the first five capital
classifications (under $50,000) of section (b)
of Table 6.
INSURED NONMEMBER COMMERCIAL BANKS
Minimum
Capital Required
for Membership

Capital
Stock

Total
Capital
Account

Total
Deposits

Population

COLORADO
' Pueblo - Minnequa Bank

200,000

30,000 $162,000 $1,469,000

50096

KANSAS
Garden
Iola Kansas
Kansas
Ottawa

City - Fidelity State Bank
Allen County State Bank
City - Fidelity State Bank
City - Industrial State Bank
- Kansas State Bank

100,000
100,000
100,000
100,000
100,000

30,000
30,000
25,000
40,000
25,000

41,000
139,000
56,000
75,000
32,000

625,000
1,562,000
710,000
980,000
376,000

6121
7160
121857
121857
9563

100,000

ZO,000

57,000

480,000

33454

200,000
200,000
200,000
200,000

25,000
15,000
30,000
10,000

50,000
22,000
42,000
21,000

555,000
170,000
201,000
245,000

399746
60935
80935
80935

200,000
200,000
100,000

wow
25,000
25,000

36,000
41,000
36,000

275,000
374,000
376,000

79592
79592
214006

100,000

A2-54000

42,000

441,000

6090

MISSOURI
d Toplin - Citizens State Bank
Kansas City - Manufacturers and
Mechanics Bank
St. Joseph - Farmers and Traders Bank
St. Joseph - Drovers and Merchants Bank
St. Joseph - Farmers St. Bank of Inza

NEBRASKA
Lincoln - Citizens State Bank
Lincoln - Union Bank
Omaha - Bank of Florence

NEW MEXICO
-7 Raton - International State Bank

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Federal Reserve Bank of St. Louis

INSURED NONMEMBER COMMERCIAL BANKS

(Continued)

Minimum
Capital Required
for Membership

Capital
Stock

Total
Capital
Account

Total
Deposits

Population

'OKLAHOMA
Bristow - Community State Bank
$
Oklahoma City - Stock Yards Bank
Pitcher - First State Bank
Sand Springs - Sand Springs State Bank
Seminole - First State Bank

100,000
200,000
100,000
100,000
100,000

$ 40,000 $56,000
40,000
50,000
25,000
28,000
25,000
39,000
25,000
44,000

$318,000
866,000
183,000
377,000
553,000

6619
185389
7773
6674
11459

WYOMING
NONE

NON-INSURED NONMEMBER COMMERCIAL BANKS

COLORADO
NONE
KANSAS
Fort Scott.City State Bank
Kansas City - Rosedale State Bank

100,000
100,000

25,000
40,000

30,000
72,000

190,000
662,000

10763
121859

100,000

25,000

30,000

271,000

141258

MISSOURI
NONE
NEBRASKA
NONE
NEW MEXICO
NONE
OKLAHOMA
Tulsa - West Tulsa State Bank
WYOMING
NONE

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Federal Reserve Bank of St. Louis

Ir. A. M. McAda
AssiFtant Federal heserve Agent
srr City
Federal i4serve Bank of 'Cr,
Kansae City, lissouri

Dear gr. AicAdLAL;
Reference is made to Table 2 covering national beams in Colorado, and Table 3 coverinf State member banks in Kansas, classifying
such banks according to amount of deposits and amount of loans and investments on Jecember 31, 1435, as requested in Ir. 6mead l e letter of
July 10.
We lave found a difference in classification of the number of
notional banks in Colorado according to population of places in which
located, as between Tables 2 and 3.

Upon investigation, it appears

probable that The First National Bank of 4::trasburg, ,-;olorado, is included in Table 2 In the population group 250 to 499 and in Table 3 in
the populLtion group under 250.

Since Strasburg has a populetion of

216 accordin,to the First 1136 edition of the Aand.dolially Bankers
LiruL:-,3_, we ilave alaended iable 2 so as to include the bank in the
first imiteed of in the second uopulation group.
We have also found a difference in the clbssification of the
number of State member banks in Colorado according to populz,tion of
plEces In which located, as between Tables 2 and 3.

Upon investiga-

tion, it appears probable that the Morrill and Janes Bank, Hiawatha,

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Federal Reserve Bank of St. Louis

tr. A.

YlcAdams -- 2

Kansas, is included in Table 2 in the ?opulttion group 3,000 to 4,999
and in iable 3 in the population group 2,500 to 2,)9?.

Since Hiawatha

has a population of 3,302 according to the 1930 census, we have amended
Table 3 so Las to include the bank in the sixth instead of the fifth
population group, thereby bringing lables 2 and 3 into reconcilement.
It is suggested that correspondin.6 changes be nada in your
copies of Tables 2 and 3 covering' national banks in L;olorado and State
member banks in Kansas, respectively, unless the changes indicated
appear to be incorrect, in which case your advice will be appreciated.

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Federal Reserve Bank of St. Louis

Very truly yours,

J. L. liorbett, Ass t. Lhief,
Livision of Banic 0-3erations.

•
FEDERAL RESERVE BANK

RECEIVED

KANSAS CITY
OFFICE OF
FEDERAL RESERVE AGENT

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Federal Reserve Bank of St. Louis

August 17, 1936

1936 AUG 19 LM 11 39

Board of Governors of the
Federal Reserve System
Washington, D. C.
Gentlemen:

Attention of Ya.. J. E. Horbett, Asst. Chief,
Division of Bank Operations

Referring to your letter of August 13, addressed to President Hamilton, we are enclosing copies
of schedule F. R. 246a, covering the Live Stock National
Bank and the Packers National Bank, both of Omaha, Nebraska.
Very truly yours,

77cA/L

Assistant Federal Reserve Agent

-34124,

August 13, 1936

G. Ao Aamilton, President,
ieoeral i.seerve Dank of Kansas City,
Kfnbas City, Assouri

Lear 41r. Aamilton:
heference is made to fr. 6msed's letter of June 24 to ir. Thomas,
with respect to classifications of member and nonmember banks on the
basis of data called for by Forms FR 246a, bp c, and d.
We should like to make some special groupings here of banks
°aerating branc;ies.
kindly send us

Accordingly, it will be appreciated if you will

complete copy of schedule FR 246a coverinp the Live

Stock National Bank tawl the Puckers National Bank, both of Omaha,
Nebraska, wtich, Pccording to our racords, are the only two banks
(member or nonmember) in tie teath Federal

eserve district opertting

any branches.

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Federal Reserve Bank of St. Louis

Very truly yours,

J. z. dorbett, As It. Chief,
Livicion of 3eink Operations.

lab

(Original sent by Air mail,
carbon copy by Regular Nail.)

July 28, 1936

Mr. J. J. Thomas
Federal Reserve Agent
Federal ieserve bank of tansas City
Kansas City, Aissollri

Dear Mr. Thomas:
In response to your letter of July 22 regarding the classification of non-insured State banks as of December 31, 1935, you are advised
as follows:
The Aarch 1936 ecition of Polk's Bankers Encyclopedia shows the
amounts of demand deposits and time deposits separately in the case of
the greet majority of banks; both Poles Bankers Encyclopedia and the
hand-McNally Bunkers Directory show the amount of United States Governlent obligations separately in nearly all cases; and both of these
directories apear to show the amount of preferred stock or capital notes
and debentures whenever such capital obligations are outstanding.

In the

circumstances, and since it is our desire to avoid contacting State banking departments for the present r)urpose so far as practicable, it is suggested thEt you have the figures of Lemand deposits, Time deposits,
United States Government obligations, Other securities, and Preferred
stock compiled from one of the bankers directories to the extent that
this can be done; and that in the remaining cases the distribution of
Demand and Tim deposits on December 31, 1935, be estimated on the basis

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Federal Reserve Bank of St. Louis

COPY

Mr. J. J. Thomas -- 2

of the percentage distribution of such deposits as clown in the latest
available annual or biennial report of the

tate banking depertment.

Due to the general substantial increase in holdings of United States
Government obligations, it might not be satisfactory to estimate this
item and, accordingly, where the amount is not shown separately in either
of the bankers directories, it may be omitted.

The aAounts of Loans on

securities and heal estate loans also need not be estimated, in view of
the fact that it apparently could not be done satisfactorily in the ease
of any of the 268 non—insured commercial banks in Kansas.

Our file copy

of the form of call report 7)reacribed by the State banking department as
of December 31, 1935 shows no item or combination of items from which the
alaount of 'Loans on securities" could be determined.
AO stated in our letter to you of June 26, it is understood that

the Reconstruction Finance Corporation does not own any ca)ital notes and
debentures or ireferred stock of non—insured nonmember bafful exceot in the
case of one nonmember commercial and four mutual savings banks, all of
which are located in other federal Reserve districts. In the circumstances,
any preferred stock outstanding in the case of non—insured nonmember banks
in your district should be shown against Items 11 and 12 of Form 246d.

may be assumed also in such cases, in the absence of information to the
contrary, that the par and retirable values of )referred stock are identical.
Under the above orocedure, it should be possible to show figures
of Demand and Time deposits in all cases except

few banks in Oklahoma,

for which Polkts Bankers .ncyclopedia does not show such figures separately

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Federal Reserve Bank of St. Louis

••••

.,..r. J. J. Thome -- 3
and which can not be emtimited on the basis of data published by the
State banking de2artment.

The procedure outlined in the fourth para-

graph of our letter of July 10 on this subject should be follovied in
preparing sum:Aries for which any of the information called for is
not available in tile case of one or more banks.
Very truly yours,

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

JZI/ab
21147

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Federal Reserve Bank of St. Louis

F C

FEDERAL RESERVE BANK
or

RECEIVED'
slon of Bank 042eratians Fjl

JUL 23 1936

KANSAS CITY
J.J.THOMAS

July 22, 1936

DIVISION OF
BANK OPERATIONS

CHAIRMAN AND FEDERAL RESERVE AGENT

Board of Governors of the
Federal Reserve System
Washington, D. C.
Gentlemen:

Attention of 1:.r. E. L. amead, Chief, Division of Bank Operations

In connection with the data to be supplied on Form 246-d, we have examined reports published by the various State banking departments and are giving
below, in separate columns, the information contained and not contained in the
several reports:

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Federal Reserve Bank of St. Louis

Colorado - 16 banks, covering period ended November 30, 1934
Report dhows Loans and discounts
Loans on real estate
U. S. Government obligations
Other securities
Demand and time deposits

“eport does not show Preferred stock A and B amount of each class sold
to individuals or the aggregate retirable value
Loans on securities

Kansas - 268 banks, covering biennial period ended September 12, 1934
Report shows Loans and discounts
Preferred and common stock issued,
but does not indicate amount of
class A and E stock issued to individuals and aggregate retirable
value
Demand and time deposits

Report does not Show U. S. Government obligations
Loans on securities
Real estate loans

nissouri - 19 banks, covering biennial period ended November 5, 1934
Report shows Preferred and common stock issued,
but does not indicate amount of
class A and E stock issued to individuals and aggregate retirable
value
Loans on real estate
Demand and time deposits

Report does not show U. S. government obligations
Loans on securities

FEDERAL RESERVE BANK OF KANSAIITY
s

-2- Board of Governors of the Federal Reserve System.

Nebraska - 61 banks, covering biennial period ended :Tune 29, 1935
Report shows Loans and discounts
Demand and time deposits
Common and preferred stock issued,
but does not indicate amount of
class A and B stock issued toindivi.duals and aggregate retirable
value

Report does not show U. S. Government obligations
Real estate loans
Loans on securities

New Tjexico - I bank, covering period ended December 31, 1935
Report shows Loans and discounts
U. S. Government securities
Common and preferred stock issued,
but does not indicate amount of
class A and B stock sold to individuals and aggregate retirable
value

Report does not show Real estate loans
Loans on securities

Oklahoma - 17 banks - Yo recent information available from our files.
The most recent other information available for this class of banks is
contained in bank directories, or so-called blue books, which cover the period
ended December 31, 1935, but, as you know, do not dhow loans on real estate nor
7hIle they dhow the amount of =ninon and preferred stock
loans on securities.
issued, they do not dhow separately class A and B preferred issued to other than
s indicated in
the Reconstruction Finance Corporation, nor retirable value.
our wire of July 9, we believe we would have no difficulty in getting this information from the several banking departments in a very short time and with a minimum of cost.
We are forwarding you under separate cover tables numbered 1, 2 and 3
for national and ,Dtate member banks.
Very truly yours,

.TJT/L

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Federal Reserve Bank of St. Louis

Reserve Agent

Form F. R. 148 b

TELEGRAM
BOARD OF GOVERNORS
OF THE

FEDERAL RESERVE SYSTEM
LEASED WIRE SERVICE

WAS H I N GTO N

July 101 1936

Thomas - Kansas City
Referring your July 9 telegram, we much prefer not to request State banking departments for data called for by Form FR 2464
if this can be avoided, particularly as in seme cases they do not
have any more of the data called for by the form than can be obtained
from bankers directories or State banking department annual reports.
Thus far it appears that the only items that can not be obtained
without reference to State banking departments are Loans on securities
and Reel estate leans, also demand deposits in a few cases)and we may
got alone without such figures if not available for some non-insured
banks.

We will appreciate advice, therefore, as to just what items

can not be obtained in the case of each State, also number of banks
involved and possibility of estimates.
81111D

JEHia

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Federal Reserve Bank of St. Louis

CoLYE

FORM

F.R. 245

BOARD OF GOVERNORS

•

OF THE

FEDERAL RESERVE SYSTEM
LEASED WIRE SERVICE

WASHINGTON
RECEIVED AT WASHINGTON, D. C.

RECEIVED
b30gc
Kansascity Jul

9 418p

JUL 0 1936
DIVISION OF
BANK OPERATIONS

Smead
Washn
imam

In connection with data to be supplied on form 246-D, our sources of

information too limited to be of value. We believe we can secure needed data from
state banking departments. Does this meet with your approval? wire answer.

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Federal Reserve Bank of St. Louis

Thomas

539P

rzPyIsion of Bank Operations Fite

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Federal Reserve Bank of St. Louis

June 29, 1936

/
Myrick -

Kansas City

7,eferring your June 27 telegram, Federal Reserve bank may include
in "Statistical (special reports)" unit on Form E expense of compiling
data requested in our June 24 letter, cony of which is being mailed
to you.

SYEAD.

2.2 3• 2_

Division pf Bank Oplations Fi:e
67gb
Kansas City

Jun.27 1049

1,i_..-1 tf.. z/

Smead
Washn

Have received inquiry here as to whether expense of compiling data requested
in your June 24 letter should be included in "Statistical (special reports)"
unit on form E. Possibly a wire should be sent to all agents on this
point.

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Federal Reserve Bank of St. Louis

Please advise; also please send me copy of this letter.

Myrick
1204p

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Federal Reserve Bank of St. Louis

coz,

•
FEDERAL RESERVE BANK
OF DALLAS
W. J. EVANS

RECEIVED

VICE PRESIDENT

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Federal Reserve Bank of St. Louis

April 9, 1937

APR 12 1937
DIVISION OF
BANK OPERATIONS

Poard of Governors of the
Federal Reserve System,
Washington, D. C.
Attention Yr. E. L. Smead,
Chief, Division of Bank Operations
Gentlemen:
We take pleasure in enclosing the data requested in your let1erof

pril 6 witht respect to in-

sured and noninsured nonmember commercial banks included in tables 6 and 7 of the compilation sent to
you in response to your letter of August 14, 1936.

Yours very truly,

Vice President

A LIST OF THE INSURED NONni.:BER C afti:IERCIAL BANKS INCLUDED n; TABLES 6 AND 7, RESPECTIVELY, -,./HICH vi-ERE OPMATING 073 OR I IORE BRANCHES OUTSIDE THE HEAD OFFICE CITY
(Amounts in thousands of dollaT-7)

N 0 N E

A LIST OF THE NON-INSURED NONMEMBER COISTERCIAL BANKS INCLUDED IN TABLES 6 AND 7, RESPECTIVELY, IIHICH VIERE OPERATING ONE OR MORE BRANCHES OUTSIDE THE HEAD OFFICE C ITY
(Amounts in thousands of dollars)

•

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Federal Reserve Bank of St. Louis

N 0 N E

A LIST OF THE INSURED AND NON-INSURED NON1IE1,,D3ER CO7TERCIAL BANKS LOCATED IN PLACES
A POPULATION OF 6,000 OR OVER INCLUDED IN THE FIRST FIVE CAPITAL CLASSIFICATIONS (UNDER
50,000) OF SECTION (b) OF TABLE 6.
(Amounts in thousands of dollars)

Location

Bank

:Tinimura capital
required for Federal Reserve mombership

Capital
stock

Total
capital
account

100
100
100
100
100

25
25
25
35
25

32
75
36
55
72

280
458
366
460
365

7,163
6,609
260,475
6,712
16,203

100

768

6,208

Total
deposits

Population of city in
which bank is located

*Insured nonmember conuaercial banks:
Childress, Texas
Crystal City, Texas
Dallas, Texas
Electra, Texas
Marshall, Texas

First State Bank
Zavalla County Bank
Grand Ave. State Bank
Electra State Bank
Citizens State Bank

Non-insured nonmember commercial banks: /

Ranger, Texas

•

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Federal Reserve Bank of St. Louis

Commercial State Bank

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Federal Reserve Bank of St. Louis

LiytD

•

1936

FEDERAL RESERVE BANK

FEDERAL

November 148 1936

Board of Governors of the
Federal Reserve System
Washington, D. C.
Attention - Yr. Smead'

In the absence of President McKinn4,r, I
acknawlel,ge receipt of your letter of Novel&
chedule
and, as requested, an enclosing copy o
FR 246a covering certain items included in the
December 31, 1935 call report of the First National
Bank, Galveston, Texas. If any additional information is desired, it will be promptly furnished upon
request.
Yours very truly,

First Vice

b rt
sident

M I 4

CA
THE
;,.ESERVE SYSTEM
7

F DALLAS

Gentleman:

NOV1-1161

November 11, 1936

Mr. B. A. McKinney, President
Federal Reserve Bank of Dallas
Dallas, Texas

Dear Mr. McKinney:
Reference is made to my letter of October 28, r,squesting
that a copy of schedule FR 246a, b, c or d be furnished covering
each member and nonmember bank included in a "bank group".
In addition to schedules covering the banKs shown in the
will
list inclosed with my letter, it will be appreciated if you
kindly furnish us with a copy of a schedule covering the First
our information
National Bank, Galveston, Texas, which according to
York
is affiliated with the City Bank Farmers Trust Company, New
City, New York.
Very truly yours,

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

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Federal Reserve Bank of St. Louis

- 4.1u/se,
)

/0(1/

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Federal Reserve Bank of St. Louis

1/13,
FEDERAL RESERVE BANK
OF DALLAS
September 25, 1936
:///

Board of Governors of the
Federal Reserve System
Washincton, D. C.
Attention: Hr. E. L. Snead, Chief
Division of 13an1c Operations
Gentlemen:
In accordance with your request of September 22, I
am enclosing schedules .orm F. R. 246d covering each of the
private banks listed in my letter of July 30.

Yours very truly,

Gitember 22, 1936

Mr. W. J. Evans,
Assistant Vice President,
Federal Reserve Bank of Dallas,
Dallas, Texas.

Dear Mr. Evans:
Referring to your letter of July 30, inclosing a
list of private banks in Texas as of December 31, 1935, it will
be ap;xeciated if you will kindly furnish us with a copy of the
schedule FR 246d covering each of these banks showing such figures
as are available therefor, in order that we may include the
figures in our summaries.
Very truly yours,

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

JEff/lee

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Federal Reserve Bank of St. Louis

•

FEDERAL RESERVE BANK
OF DALLAS
B. A. McKIN N EY

August 27, 1936

PRESIDENT

Board of Governors of the
Federal Reserve System
;iashington, D. C.
Attention: 1dr. J. E. Horbett,
Assistant Chief,
Division of Bank
Operations.
Gentlemen:
In accordance with the request contained in the Board's letter
of August 14, 1936, I mm enclosing statements covering Arizona, Louisiana, New ITexico, Oklahoma, and Texas for (1) Insured nonmember commercial banks, (2) Non-insured nonmember state commercial banks on the following tables:

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Federal Reserve Bank of St. Louis

Table No. 6 - Classification of nonmember banks operating no
branches outside the head office city established after February 25, 1927, not eligible for
Federal Reserve membership on the basis of the
capital requirements of Regulation H, Section 2,
paragraph (a).
Table No. 7 - Classification of nonmember coninercial banks operating no branches outside the head office city
established after February 25, 1927, with capital less than 4 50,000, located in places with a
population not exceeding 3,000, eligible for Federal Reserve membership under the provisions of
Regulation H, Section 2, paragraph (a), sub-paragraphs (1), (A) and (B).
There are no mutual savings banks in this district.

There is enclosed a duplicate copy of Schedule F. R. 246b,
covering each state bank member operating no branches outside the
head office city established after February 25, 1927, not eligible
for conversion into a national bank on the basis of capital requirements prescribed in Section 5138 U. S. R. S.
There is also enclosed Schedules F. R. 246d, covering noninsured nonmember '.1orris Plan and industrial banks and non-insured
nonmember trust companies -without deposits in Texas.
The enclosed tables and schedules complete the information requested by the Board in connection with Schedules F.R. 246a,
b, c, and d.

Enclosures

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Federal Reserve Bank of St. Louis

ELEVENTH FEDERAL RESERVE DISTRICT
STATE BANK MELTERS OPERATING NO BRANCHES OUTSIDE THE HEAD OFFICE
CITY ESTABLISHED AFTER FEBRUARY 25, 1927, NOT ELIGIBLE FOR CONVERSION INTO A NATIONAL BANK ON BASIS OF CAPITAL REQUIRMENTS
PRESCRIBED IN SECTION 5138 U. S. R. S.

Name of Bank
Security State Bk. & Trust Company
Brawnfield State Bank .
The First State Bank
First abate Bank
Forney State Bank
The First State Bank
Gonzales State Bank
Iola State Bank
The First State Bank
The First State Bank
Farmers (!: Merchants State Bank
First State Bank
First State Bank
First State Bank
City State Bank L Trust Company
Farmers State Bank
First State Bank
Guaranty Bond State Bank
The Security State Bank
Citizens State Bank
First State Bank
Roscoe State Bank
Farmers State Bank
Silsbee State Bank
First State Bank
Thorndale State Bank
Farmers & Merchants State Bank
McFarland Brothers Bank

City
Beaumont
Brownfield
Celina
Dodsonville
Forney
Franklin
Gonzales
Iola
Kirkland
Koss.°
Ladonia
Leakey
Loraine
Mathis
McAllen
Madisonville
Matador
Mt. Pleasant
Pearsall
Richardson
Robert Lee
Roscoe
Shiro
Silsbee
Spearman
Thorndale
Turkey
Logan

State
Texas
Texas
Texas
Texas
Texas
Texas
Texas
Texas
Texas
Texas
Texas
Texas
Texas
Texas
Texas
Texas
Texas
Texas
Texas
Texas
Texas
Texas
Texas
Texas
Texas
Texas
Texas
N. M.

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Federal Reserve Bank of St. Louis

ilame of Bank
Citizens Industrial Bank
Citizens Industrial Bank
Dallas Morris Plan Company
Morris Plan Company
Citizens Industrial Bank
San Antonio Morris Plan Company

Location
Austin
Corpus Christi
Dallas
Fort -4orth
San Antonio
San Antonio

NON-INSITM]D TIONI.TEIMICR TRUST COUPANIES "ii'ITTIOUT DEPOSITS - TEXAS

Name of Bank
The Dallas Union Trust Company
Socurity Trust Company
Raymondville Trust Company

Location
Dallas
Galveston
Raymondville

635 AUG 2:3 AM
Division of &Ink
Operktifyis
FEDERAL RESERVE BANK
OF DALLAS
( /
RECEIVED

B. A. McKINN EY
PRESIDENT

August 25, 1936

AUG 28 1936
DIVISION OF
BANK OPERATIONS
Board of Governors of the
Federal Reserve System
'Iashington, D. C.
Attention: 11r. J. E. Horbett, Ass't Chief
Division of Bank Operations
Gentlemen:
In accordance with the Board's letter of August 12, I am enclosing Table Ho. 5, Classification of nonmember cornmercial banks not
on Federal Reserve par list, for Arizona, Louisiana, New Mexico, Oklahoma and Texas, covering the following classes of banks:
1. Insured nonmember commercial banks
2. Hon-insured nonmember state commercial banks
The number of banks not on the Federal Reserve par list, as
shown on the table, corresponds with the number reported in response
to the Board's letter, B-1109, of December 11, 1935, for all states
except Texas. The statement showed that the number of nonmenber state
banks in Texas on which checks are drawn was 379, consisting of 112
banks not on Federal Reserve par list and 267 banks on the Federal Reserve par list. The summaries on Table No. 5 for Texas cover 111
banks. This difference of one bank is accounted for by the exclusion
of the First State Bank, Somerset, Texas, in accordance with the instructions contained in 11r. Smead's letter of July 6, 1936.
s

ry truly,

Enclosures

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Federal Reserve Bank of St. Louis

r: r

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Federal Reserve Bank of St. Louis

•
FEDERAL RESERVE BANK
OF DALLAS

RECEIVED

AUG 22 1936

DIVISION OF
August 21, BMW OPERATIONS

Board of Governors of the
Federal Reserve System
Washington, D. C.
Attention: Mr. J. E. Horbett
Assistant Chief,
Division of Bank
Operations
Gentlemen:
I am attaching Table No. 4, Classification
of berlzs according to ratio of total capital account
to total deposits, December 31, 1935, for Arizona,
Louisiana, New Mexico, Oklahoma and Texas, covering
the following classes of banks:
1.
2.
3.
4.

National banks
State bank members
Insured nonmember commercial banks
Non-insured nonmember state commercial banks.
Yours very truly,

First Vice

sident

CO22.
N.)

Attachments
CO

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Federal Reserve Bank of St. Louis

RECEIVED
1936 AUG 20 tC1 3 50
FEDERAL RESERVE BANK
OF DALLAS

THE
FE PERM._ RESERVE SYSTFM
August 17,1936

..,/

RECEIVED

AUG 20 1936
DIVISION Of
BANK OPERATIONS

Board of Governors of the
Federal Reserve System
Washington, D. C.
Gentlemen:

Attention: Yr. J. E. Horbett
Assistant Chief, Division of
Bank Operations

In the absence of President McKinney, I ackAled7e receipt of your letter of August 14. The
information requested will be furnished on the forms
provided for that purpose as soon as possible.

Yours very truly,

•

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Federal Reserve Bank of St. Louis

FEDERAL RESERVE BANK

. Division of Bank
Oiyerations f

F DALLAS

Eps„
August 15, 1936

Di VISION Of
BANK OPERATIONS

Board of Governors of the
Federal Reserve System
Washington, D. C.
Gentlemen:

AtteAioll - Yr. J. F. Horbett, Assit Chief
Division of Bank Operations

In the absence of President McKinney, I acknarled-e
receipt of your letter of August 12, requesting a classification of nonmanber connercial banks not on the Federal
Reserve par list as of December 31, 1935.

The information

will be furnished at an early date on the forms provided
for that purpose.
Yours very truly,

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Division of Bank 0;wrations F"

FEDERAL RESERVE BANK
1114 (1/

OF DALLAS

AUG 1 7 1936
DIVISION OE
BANK OPERATIONS

Aug.ust• 15 1936ir ii

3oard of Governors of the
Fede-al Reserve System
Washington,
Gentlemen:

Attention - Mr. J. E. Horbett, Ass't Chief
Division of Bank Operations

In the absence or President McKinney, I acknowledge
receipt of your letter of August 12, requesting a classification of banks according to ratio of total capital acoovnt
to total deposits as of December 31, 1935.

The information

uill be furnished at an early date on the forms provided for
that purpose.
Yours v-ery t ruly,

First Vi

ident

4r-1 1:11 B

Mr. W. J. Evens
Assistant Federal eserve i=gent
Yerlerhl ite.e-ve
r1c of Lallas
[alias, Texcs

Dear Mr. ivunas
Aeferrinj7 to your letter of July 30, 119 have been informed
that the condition report received by the Federal Leposit Insurance
Corporation from the Peoples Banc and Trust Company, Minden, Louisiana,
as of Leceaber 31, 1)35, shows tat tae bun

was operating 2 branches

or br&nch offices located outside the head office city.

We understand

also tctLt 4nder date of June 24, 1936 the subject hank advised tae
Federal Deposit Insurance Corporation tat it was operating branches
at Cotton Valley and .pring Hill, at which deposits were being- received end cheeks were being cashed, although the recoras
of each
ca/',$ transactions were being zailed to the main office daily and
all
bookkeeping was being done at tae main office.
In view of the provisions of section 12B, paragrap
h (c),
sub-paragraph 15,of the Federal ileaerve .ct, the l'ederal Leposit Insurance CorporLtion will treat these offices :-48 branc,es and,
for the
same reasons, they are being included in our branch records.

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Federal Reserve Bank of St. Louis

Very truly yours,

i n

-_J

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Federal Reserve Bank of St. Louis

•
FEDERAL RESERVE BANK
OF DALLAS

1936 AUG 3
AM 9 Q7

July 30, 1936

RECEIVED

AUG 3 1936
Board of Governors of the
Federal Reserve System
Washington, D. C.

DIVISION OF
BANK OPERATIONS

Attention: Mr. E. L. Smead, Chief
Division of Bank Operations
Gentlemen:
As requested in your letter of July 10, I
am enclosing statement showing the name and location
of private banks in Texas as of December 31, 1935. A
schedule F. R. 246d has been prepared covering each of
these banks and figures have been entered against
Items 1 to 14, inclusive for those banks for which a
December 31, 1935 report was available.
Yours very truly,

Assistant Federal Reserve Agent

Enclosure

ECEIVED

(1;
THE
A
:ii:SER VC: S

TE;,I

NON-INSURED NO111111k3ER PRIVATE COIEERCIAL BANKS IlfaDCAS AS OF
DECEMBER 31, 1935
(Not under supervision of State Banking Department)

Location
Annona
Benavides
Bradshaw
Castrovllle
Chico
Chillicothe
Chilton
Cibolo
Dalby Springs
Eagle Pass
Fort Worth
Galveston
Galveston
Jermyn
Kerrville
Kingsville
Leander
Leroy
IT-ason
New Baden
ianhandle
Peacock
Peaster
Priddy
Rio Medina
San Antonio
San Antonio
Seguin
Sugarland
Taft
Troy
Truscott
langate
Winnsboro
Zapata

Name of Bank
Russell Exchange Bank
Merchants Exchange Bank
Bank of Bradshaw
L. N. Tondre & Sons
First Bank of Chico
Bank of Chillicothe
Chilton Citizens Bank
Cibolo Bank, Unincorporated
Dolby Springs Exchange Bank
Viguera Banking Company
Fraternal Bank & Trust Company
H. Kempner & Sons
W. L. Moody & Company
Oliver Loving & Company, Barkers
Charles Schreiner Bank
Robert Kleberg & Company
Poole-Sherman Company
Leroy Bank
Commercial Bank
Paul Schults Bank
Panhandle Bank
Peacock Bank
Farmers Bank
Farmers & Merchants Bank
Alex Boehme & Company
American Savings Bank
D. & A. Oppenheimer
E. Nolte & Sons
Imperial Bank & Trust Company
Taft Bank, Unincorporated
Citizens Exchange Bank
First Bank of Truscett
Security Bank
Cain Banking Company, Incorporated
Bank of Zapata

SPECIAL CHARTYR BANK:
Hillsboro

Colonial Trust Company

(This institution is a special charter state bank not under the
supervision of State Banking Department. The Rand McNally Bankers Directory states that it does not do a commercial banking
business)

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Federal Reserve Bank of St. Louis

•

FEDERAL RESERVE BANK
OF DALLAS

tti

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Federal Reserve Bank of St. Louis

OFtlia
(

RECEIVED

July 30, 1936

1-0

1936 AUG 3
AM 9 07

ammo

30Ai,._

L„

THE
FEDERAL i'ESERVE
U17

AUG 3 1936
Board of Governors of 41,
17tYISION OF
Federal Reserve Sys'
K OPERATIONS
77ashington, D. C.

Attention: Er. E. L. amead, Chief
Division of Bank Operations
Gentlemen:
Please refer to your letter of July 20 and our
reply of July 24 submitting the schedules F. R. 246a, bs
c, or d, covering each national bank, state bank member,
and nonmember commercial bsnks in this district for which
one or more branches is shown against Item 15 of the
schedules.
The schedule F. R. 246c for the Peoples Bank
and Trust Company, Minden, Louisiana, formarded to us by
your office shaved two outside branches against Item 15.
'ahile our records shaved that this bank did not operate
any branches, we made up the schedule on the basis of
the two branches inasmuch as the Rand McNally Bankers Directory shaved it operating branches at Cotton Valley
and Springhill, Louisiana. We then wrote the Louisiana I
Banking Commissioner for verification and were advised
that this bank did not operate any branches.
Yours very truly,

Assistant Federal Reserve Agent

S YS

PEOPLES BANK & TRUST COMPANY
Minden, Louisiana

June 24, 1936

Federal Deposit Insurance Corporation,
Washington, D. C.
Attention:

Donald S. Thompson, Acting Chief

Gentlemen:
In reply to your letter of June 22nd the same being
form 89-e, I would like to say that the reason that the deposits
in our branches at Cotton Valley and Springhill are not segregated from the total deposits is because we do not have separate
books on these branches. As a matter of fact all records of
these branches are kept here in our main office in Minden.
These branches are in actuality offices where deposits are received and checks cashed. The records of each days transaction
are mailed into us each night and all bookkeeping is done here
in the home office.
This being the case I hope that it will not be necessary
attempt
to
to segregate these items as it would necessitate
our going through the ledgers and setting out accounts whose
postoffice addresses are Cotton Valley and Springhill. I might
say that cuite a number of our accounts that have postoffice
addresses at Cotton Valley and Springhill do their business
direct with this main office and do not make use of the branch
offices. These two branches in the truest sense of the word are
not actually branches. We prefer to handle everything right here
in the main office so that we can have absolute control over the
banks affairs so we will know just exactly what is going on at
all times.

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Federal Reserve Bank of St. Louis

Yours very truly,

(Signed)

C. 0. Holland

President.

FEDERAL RESERVE BANK
OF DALLAS
C.C.WALS H
CHAIRMAN OF THE BOARD

AND FEDERAL RESERVE AGENT/

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Federal Reserve Bank of St. Louis

"d ioeferi
Board of Governors of the
Federal Reserve System
..lashington, D. C.
Attention: Jr. 7, L. Snead, Chief
Division of Bank Operations
Gentlemon:
In accordance t-ith the Board's request of
July 20, I an attaching a complete copy of the schedule
F. R. 246a, b, c, or d, covering each national bank,
state bank member, and nonmember commercial bank in this
district for which one or more branches is shown against
Item 15 of tie schedule. There are no ilutual Savings
banks in thin district.
Yours very truly,

Cietaral
:
Federal Reserve Agent

A.1-tchnents

7AITKS
:First Tationa1

n1:

Shreveport, Louisiana

STAT.?, BANK, 171M-7.:
Continental-American Bank
and Trust Company

Shreveport, Louisiana

1.1. -SURED TIONM71,73P, COT7IRCIAL BANKS:

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Federal Reserve Bank of St. Louis

T!Inors (7z Merchants Bark
Bisbee, Arizona
Bank of Douglas
Douglas, Arizona
Lea Co,anty State Bank of
Lovington, New Mexico
Citizens State Bank of
Vaughn, New Mexico
Otero County State Bank
Alamogordo, New Mexic(
Citizens Bank of Clovis
Clovis, New Mexico
Caddo Trust
Savings Bank
Belcher, Louisiana
Catahoula Bank
Harrisonburg, Louisiana
Sabine State Bank and
Trust Company
ITany, Louisiana
Peoples Bank & Trust Company linden, Louisiana
Central Savings Bank and
Trust Company
::onroe, Louisiana
Banl: of St. Joseph and
Trust Company
St. Joseph, Louisiana
Franklin State Bank and
Trust Company .
lannsboro„ Louisiana
The 7Innsboro State Bank
and Trust Company
'Ilinnsboro, Louisiana
Concordia Bank and Trust
Company
Vidalia, Louisiana
_

TIT

NO117.7I.713')2 CO:11EIRCIAL BANKS:

None

FEDERAL RESERVE BANK
OF DALLAS

rcs")
Board of Governors of the
Federal Reserve System
Washington, D, C.
Attention: Mr. E. L. &lead, Chief
Division of Bank Operations
Gentlemen:
There are enclosed reports on Table No. 2, Classification
of banks according to population of places in which located and according to amount of deposits Decenber 31, 1935, and on Table No. 3,
Classification of banks according to population of places in which
located and according to amount of loans and Investments December
31, 1935, as follows:
National banks for Arizona, Louisiana, New Mexico, Oklahoma, and Texas.
State bank members for Arizona, Louisiana, New
Mexico, Oklahoma, and Texas.
Insured nonmember commercial banks for Arizona,
Louisiana, New Mexico, Oklahoma, and Texas.
Non-insured nonmenber state commercial banks for
Arizona, Louisiana, New Mexico, Oklahoma, and
Texas.

0`11

Please add the following footnote to Table No. 1, Classification of banks according to ratio of demand deposits to total deposits December 31, 1935, for Insured nonmember commercial banks for
Texas: Excludes two banks which closed at the end of the year but
whose condition reports were included in the State Banking
Department's abstract.

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Federal Reserve Bank of St. Louis

Yours very truly,

Ass.

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Federal Reserve Bank of St. Louis

•

FEDERAL RESERVE BANK
OF DALLAS

/
RECEIVED

22,

1936 JUL 25

GOVPRNOR.
RECEIVED

THE
FEL1d.

JUL 25 1936
Board of Governors of the
Federal Reserve System
7asliington, D. C.

DIVISION OF
BANK OPERATIONS

Attention: Mr. E. L. &load, Cof
Division of Ban': Orerations
Gentlemen:
am attaching reports on Table No. 1, Classification of banks according to ratio of demand deposits to total
deposits, December 31, 1935, as follows:

Insured nonnenber commercial banks for Arizona,
New Mexico, Louisiana, Oklahoma, and Texas.
Non-insured nonmember state commercial banks
for Oklahoma, Arizona,. and New Mexico.
This completes our tabulation on Table No. 1.
Yours very truly,

‘sr;-

ederal Reserve Agent

Z..YST1

•

RECEIVED /
(11
1935 JUL 23 AM

FEDERAL RESERVE BANK

Pivisior,

0 F DALLAS

Bank noerations File

C.C.WALSH

July 20, 1936

CHAIRMAN OF THE BOARD
AND FEDERAL RESERVE AGENT

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Federal Reserve Bank of St. Louis

RECEIVED

- THZ

JUL 23 1936
DIVISION OF
BANK OPERATIONS
Board of Governors of the
Federal Reserve System
Washington, D. C.
Attention of Mr. E. L. Smead
Gentlemen:
Reference is made to your letter of July 16, 1936,
referring further to your letter of June 24 with respect to
classifications of member and nonmember banks.
You are advised that I have received, by registered
mail, schedules FR 246c and d, covering all insured nonmember
banks in the Eleventh Federal Reserve District.
We understand that the information shown in the schedules
has been made available to the Board by the Federal Deposit insurance Corporation solely for the purpose of making the desired
classifications of banks referred to in your letter of June 24,
and that the data for individual banks as shown may not be used
for any other purpose.
Yours very truly,

(a*
Chairman of the Board and
Federal Reserve Agent

41/

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Federal Reserve Bank of St. Louis

•
•
FEDERAL RESERVE BANK
OF DALLAS

1936 JUL 20 PM I

tr-/

RECEIVED

JUL 20 1936
DIVISION OF
BANK OPERATIONS
Board of Governors of the
Federal Reserve System
- ashington, D. C.
Attention: Mr. E. L. &mead, Chief
Division of Bank Operations
Gentlemen:
I am attaching reports on Table No. 1, Classification of banks according to ratio of demand deposits
to total deposits, December 31, 1935, as follows:
National banks and state member banks for
Arizona, New Mexico, Louisiana, Oklahoma,
and Texas.
Non-insured nonmember state commercial
banks for Texas and Louisiana.

Yours very truly,

At,'uachrients

July

6, 1936

Ir. C. C. Walsh
Federal heserve A.gent
Federal Reserve bank of Dallas
Dallas, Texas

Lear Mr. Valshl
Receipt is acknowledged of your letter of July
to the reconcilement sheet coverin

3 AU regard

the number of Aate bankina insti—

tutions in Texas on Lecember 31, 1935, sent to you under date of June 26.
As stated in your letter, the Central .-tetet Bank of Sherman
and the First State bank of Somerset were both insured nonmember banks.
We have been advised that the Federal Leposit Insurance Corporation did
not include either of these r_T,,nks in its consolidated "Call Report Of
Insured Banks' for Lecember 31, 1935, on the ground that the bank first
mentioned suspended before close of business on that date and that the
second bank went into voluntary liquidation on Lecember 30.

In the

circu,ustances, and since all oi t.lt data for insured nonmember banks
are to be based on call reports received by the Federal ::.eposit Insur—
ance Corporation, neither of the above mentioned ban!cs shouLl be includ—
ed in classifications of banks in the State of Texas made pursuant to
our letter of June 24, i.e., the number of State banking institutions
in Texas for the purpose of the classifications in question will be 439.
An appropriate footnote may be appenced to the summaries, :mover, to

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Federal Reserve Bank of St. Louis

Mr. C. C. Walsh -- 2

the effect that they exclude two banks which closed at tne end of the
year but whose condition reports were included in the State banking
department abstract.
Very truly yours,

E. L. Lead,
Division of Bank Operations.

J EiVab

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Federal Reserve Bank of St. Louis

CO 1 nr.

•
FEDERAL RESERVE BANK

41%
9
•

OF DALLAS
C WA LS H

CHAIRMAN OF THE BOARD
AND FEDERAL RESERVE AGENT

July 3, l

Board of Governors of the
Federal Reserve System
Washington, D. C.
Attention: Mr. E. L. Smead, Chief
Division of Bank Operations
Gentlemen:
Please refer to your reconcilement sheet covering number
of state banking institutions in Texas on December 31, 1935.,
We are advised by the State Banking Commissioner for Texas that the number of state banking institutions on December 31,
1935, was 441. Due to a typographical error, the number was shown
as 442 on the abstract. The two additional banks to be added to
your list are as follows:
Central State Bank, Sherman Texas
This bank closed temporarily under Senate bill No.
85 on December 31, 1935, but it was not officially
placed in receivership until January 31, 1936. Its
figures, therefore, were included in the State Department's Abstract.
First State Bank, Somerset, Texas
The Banking Commissioner advises that this bank
did not officially close until January 2, 1936.
Both of these institutions were insured non-member cornercial banks. A reconcilement statement is attached.
Yours very truly,
Cage/44
Federal Reserve Agent

Attachment

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Federal Reserve Bank of St. Louis

RECONCILI]:IENT OF NUMBER OF STATE BAilKaG I-ASTITUTIONS
December 31, 1935

Texas
Total State
Number of banicing institutions shown in December 31,
1935, State Banking Department's Abstract ***** 110•00000

442

Number which should have been shown

441

Number of banking institutions:
State member banks:
***** 000004000 ********** *0
Commercial banks

Insured non-member banks:
Commercial banks

301

Non-insured non-member banks:
Commercial banks 4,11000110000 ****** 041100000410000000
Morris Plan and Industrial banks* 010110000404000•49
Trust companies without deposits 4100414100000000000

Total

46040000000041410000000011410400000000

r7,
1

III
0000041000111

*Included in State Banking Department's Abstract*

79
6
3

441

)1
Division (If Bank Ooerations File
July 10, 19,6
Mr. W. J.
Assistant Federal Reserve Agent,
Federal Reeerve Bank of Dallas,
Dallae, Texas.
Dear

Mr. Bruno
In response to your letter of July 1, with respect to the classi-

fications of eenb3r and nonmember banks referred to in our letters of
June 24 and

26,

you are advised as follows:

Our file copy of the form of condition report prescrihad by the
State bank Commissioner of Louisiana for December 31, 1935 does not show
any item or items from which the amount of Spans on securities" can be
determined and, accordingly, it will not be practicable to show the amount
of this item in the case of non-insnred bed* in Louisiana. The amount
of *LOW eseared by mortgage" as reported by State banks in Louisiana
may be amplmed to be the amouRt of their 'Real estate loans'. In this c-ncetion, we found on comparinc the December

1935 conaLtion reports

(Form 105) of the four State bank members in Louisiana with the abstract
of condition reports of such banks as published by the State banking department, that the amounts of the two items are identical.
It will be satisfactory to derive the figures for the one noninsured nonmomber bank in Oklahoma by deducting, from the abstract cot,
Irv, the 9 Oklahoma State banks in your district, the aggregate figures for
the 8 insured nonmember banks leach we will furnish to you, inasmuch as
it appeart60 riati

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Federal Reserve Bank of St. Louis

depitr

\ir Federal

Mr. W. J. Evans - 2

Deposit Insurance Corporation form in calling for re?orts as of December 31,
1935 from both insured and non-insured State banks. It is suggested, however, that the -erived tigures be checked against those published in the
Bankers rirectory for the bank, to the extent that the items correspond.
In the case of the 79 non-insured nommember banks in Texas, it is
suggested that you make up a work-sh3et showinT in the lcft-hand margin the
name and location of each such bank and in the first ci,lumn the amount of
its total deposits on Lecember 31, 1935, and that you send this work-sheet
to the State bankinA, -epurtment with the request that there be shown thereon,
if convenient, aithar the amount of demand or the amount of time deposits
(or such reported items as make up either total demand or total tine deposits).
Our file copy of the form of condition report prescribed by the State Banking
Department of l'exas indicates that the item nearest to loans on securities
is the first item of the condition report, namely, "Loans and discounts, on
p-rspnal or collateral security", and it is not believed that this is a
3atisfactory measure of "Loans on securities".
should b

In the circumstances no attempt

made to obtain the amounts of "'Real estate loans" and "Loans on

lecuriti-s" for the 79 aon-insured nonsenber banks in Texas. It is su-, sted
that the State banking department be advised that the data on deposits are
desired in order to permit the compilation of figures of demand cleposits
sevrately for National banks, State member banks, insured nonmember btnks,
non-insured banks.
It will be appreciated if you will kindly submit a list showing the
a-m.) and loomtion of private banks in Texas as of December 31, 1935 and if

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Federal Reserve Bank of St. Louis

?DIY

Mr. V. J. 'evans - 3
yo1.1 will prepare a schodule FR 246d covering each of them.

We shall add

the number of such hanks to our copy of the reconcilement ihet sent to
you uniaer date of June 26. In addition, a schedule FR 246d should be made
covring non-Insured lorris Pltn and industrial banks and Trust companies
without deposits, to ths cnctent that the data called for by the form are
available.
The population of 'unincorporated towns may be taken from the latest
Bank-rs Directory.

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Federal Reserve Bank of St. Louis

Very truly yours,

E. L. bead, Chief,
Division of !?,ank 0?eratioas.

CoLY

•

01,w1)S

(
(9.„

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Federal Reserve Bank of St. Louis

.,q4: k

cL i

4.4, l'•II4 L.

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Federal Reserve Bank of St. Louis

FEDERAL RESERVE BANK
OF DALLAS

§pgoltly 1, 1936

RECEIVED
1936 JUL 6 Ai 9 15
.1 a
V C.

G-192.6
Board of Governors of the
Federal Reserve System
Washington, D. C.

kESEI1VE S\TEM

DIVISION Of
OPERA:MINS
BANK
Attention: Mr. E. L. Smead, Chief
Division of Bank Operations

Gentlemen:
Please refer to your letter of June 26 with respect to the
classification of member and non-member banks.
The data available
for non-insured non-member banks are as follows:
(a) All data for banks in Louisiana, called for on Form
F. R. 246d, are available from the published report
of the State Bank Commissioner except loans on securities and real estate loans. The Commissioner's
report shows loans secured by mortgage which I presame may be used for the item, 'Real Estate Loans'.

4c_

4,"
.,.r
tt 3

ii w_sig

tie. In Oklahoma there are 9 state banking institutions
located in the Eleventh District, but 8 of these are
insured non-members. We have a consolidated abstract
as of December 31, 1935, from the Commissioner covering the 9 banks in this district. When the data for
the 8 insured non-members are received, we could obtain the data on the one non-insured non-member by
deduction, in case you consider this satisfactory;
otherwise, it would be necessary for us to resort to
the Bankers Directory.
(c) For Texas, the only source of data on non-insured nonmember banks, without resort to the State Banking Department, is the Bankers Directory. From this source
we can obtain all items on Form F. R. 246d except
loans on securities, real estate loans, and demand deposits. We -would be unable to estimate demand deposits
on the basis of the ratio of its demand deposits to its
total deposits as computed from figures for an earlier
call date as these figures are not available.

.; .

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

it ielt"'

Page No. 2 - Board of Governors of the
Federal Reserve System
Re: Form F. R. 246d

I should appreciate it, therefore, if you would kindly inform me whether we should use the sources as outlined above or request
the State Banking Departments to furnish the data called for by the
schedule.
From the information contained in your letter of June 26,
and the schedules attached thereto, it is our understanding that we
should disregard private banks in Texas, which are not under State
supervision, and include Morris Plan and Industrial banks and trust
companies without deposits. In case our understanding is not correct,
please inform us as to the classes of banks to be included.
For the population of unincorporated towns, would it be satisfactory to use the figures shown in the Bankers Directory? If not,
please suggest a source from Which these figures should be taken.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yours very truly,

Assist

Federal Reserve Agent

•

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

September 1, 1917
4r.

Classification in suspension
statistics of 4 banks whose licenses were
withdrawn under instructions of Secretaly
of Treasury.

mead

Mr. Horbett

In view of the information now furnished by San Francisco,
contained in Ar. Sargent's telegram of August 31, attached, we
propose to include the Yakima Valley 13.nk nnd Trust Company, Yakima,
Washington, and the Security State Bank, Coulee City, Washington,
pnks granted licenser; (July 1, 1)33, to Lee. 31, 1)36)"
with *iimtv-4wwill.44,efermed-liert+,w+nrwtemOttnrilettils7-T1111-/steT
414ece4-411r-14414144etT-Tete4wera4,41,01, and to include the Eastern
Oregcm Banking Com;:Any, Shaniko, Oregon, and the Steiwer and Caroenter
Fossil, Oregon, with "Banks neither gradated licenses to reopen
nor placed in liquidation or receivership by December 31, 1936'.
The necessary canges are shown c)
867 of the September Bulletin.

the attached proof copy of page

The only other c anges necessary sre in

the lulletin table showing figures by months. In that taole the banks
will be transferred frcya April 1933 to darch 1333.
These Changes will be Inade on the ground that licenses were 1s3ued
to the 4 banks by mistake and that the banks actually were operating undsr
restrictions before and immediately after the banking holiey. In other
words, the first 2 banks were not actually licensed until after June 30,

1933, and the other 2 bwiks were never licensed.
Ir. Leonard concurs in this treatment of the 4 banks.

Attachments.

JEH/lee

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Do you?

August 31, 1937
Sargent — San Francisco
Your bank's nrinted list of banks licensed to resume
benlcing operations issued iAmediately following banking holiday
includes following banks*

Eastern Oregon Banking Co., Shaniko,

Oregon; Steiwer & Carpenter Bank, Fossil, Oregon; Security State
Bank, Coulee City, 4.shington; Yakima Valley Bank & Trust Co.,
Itkima, Washington.

In 4r. Newton's telegram of April 15, as

supplemented by yours of Lay 11, 1933, they were reported as being
placed on a restricted basis on April 5 after having resumed full
banking operations (Code "SUM"). Following your cnecking of
lists of suspended bans inclosed wit,:! our letter B-1002 of July 28,
1934, the Thur banks were included in our statistics of licensed
banks suspended.

Correspondence with your bank now brought to our

Rttention by Examination idvision indicates that the bEnks perheps
were oerating on a restricted baste
holiday End immediately thereafter.

t tiA, time of the ben'cing
?lease wire, therefore, whether

your bank actually licensed the banks to reopen without restrictions
and if so wnether there is any objection to including then in
statistics of licensed bal,ls susoended (which includes licensed
banks placed on restricted basis).

These statistics are in page

proof and your prompt advice is requested.

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Federal Reserve Bank of St. Louis

&LIU

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

FEDERAL RESERVE BANK OF SAN FRANCISCO
April

RECEIVED

27, 1937

APR 29 1937
DIVISION OF
BANK OPERATIONS

Board of Governors of the
Federal Reserve System,
'Aishington, D. C.
Attention E. L. Lmead, Chief,
Division of Bank Operations.
Dear Sirs:
Responding to your telegram No. 2478, dated April
26, 1937, please find enclosed list of the banks in the
Twelfth District showing demand deposits ana total deposits
rei)orted against the first three ratios of demand to total
of Table 1, submitted
deposits (0.0, 0.1 - 4.9 and
dated
letter
July 10,
relatin response to the Board's
ing to classification of banks as at the close of business
December 31,

5 — 9.9)

1936

1935.

Yours very truly,

SARG
Vice President

Enclosure
Air Mail
Copy by regular mail.

•

TABLE I

Federal Reserve Bank of San Francisco

Boardts Are it-2478
April 26, 1937
Re Letter July 10, 1936

Classification of Banks According to Ratio
of Demand Deposits to Total Deposits
Ratio

0.Q
Demand
Total
Deposits
Deposits
(in thousands or dollars)

Location

Name of Bank
State Member Banks
Bank of San Rafael

San Rafael, Calif.

-0-

3066/

-0-

873v

Insured Nonmember Commercial Banks
Yavapai County Savings Bank

Prescott, Arizona

Azusa Valley Savings Bank
Northern Solano Savings Bank
Farmers & Merchants Svgs.Bank
San Dimas Savings Bank
- ank
First Savings B
Pajaro Valley ravings Bank

Azusa, California
Dixon, California
Oakland,
it
San 1)imas
San Jacinto
.
- ;atsonville
Total California

-0-

Boise, Idaho

_G-

Boise Trust Company

771
374
9 030
249
189
2 162'
12775

7o/

Insured laitual Savings Banks
Hibernia Svgs.&

an Society

Jan Francisco, Calif.

Oregon Mutual Savings Bank

Portland, Oregon

Coolidge Mutual Savings Bank
.- iashington "
First United Mutual"

Seattle, ,ashington

89 232
-0-

2 191
52 734
576

801

ft
Tacoma,
Total 'dashington

Branches of Foreign Banks
Agency of the Canadian Bank
of Commerce
The Sumitomo Bank, Ltd.

-o-

San Francisco, Calif.
-0-

Ratio 0.1 - 4.9
Insured Nonmember Commercial Banks
Phoenix Savings Bk. & Tr. Co.

Phoenix, Arizona

Citizens Bank
Coving Val1ey Savings Bank
First Savings Sank
Stanislaus Co. Savings Bank
The San Francisco Bank

Corona, California
Covina
Glendora
Oakdale,
San Francisco
Snnta Cruz,

Peoples Savings Bank

Santa Cruz Bank of :- N7'gs.dc Loans
Peoples State Bank
Yolo County Savings Bank

Turlock
::oodland
Total California

3 828/

1
1
23
3

484 -

2 058

5
105
28

760155 920•
1 4602 9047172 751-

2283

166 444
13 921

Gions Savings Bank & Trust Co.

Salt ',Lice City, Utah

368

Tower Savings Bank

Seattle, .dashington

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

938.510-

1 695k,.

Board's 7iire x2478
April 26, 1937
Re Letter July 1C, 1936

l'ederal deserve Bank of San ,:rancisco

TABLE
Ratio

Name of Bank

5 - 9.9

Location

Demand
Total
Deposits
Deposits
(in thousands of dollars)

State Lember Banks
Tracy Loan & Trust Co.

Salt Lake •Jity, Utah

1 274 /

Insured Nonmember Commercial Banks
Antioch Bank of Savings
San 1Q:ateo Co. Bank
The Analy ,Savings Bank

Antioch, California
Redwood City, 0
Sebastopol
Total California

25
100
45
170

461
1 078
778
2 317

Portland Trust & Savings Bank

Portland, Oregon

295

3 293

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

FEDERAL RESERVE BANK OF SAN FRANCISCO
April 13, 1937

Board of Governors of the
Federal Reserve System,
Washington, D. C.
Attention:

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

Dear Sirs:
Reference is made to the Board's telegram of April 12,
between Table
and our reply thereto, in regard to the discrepancy
shows only
6 covering insured nonmember banks in California, which
or over, and
four banks in Section (b) with capital of $200 000
the statement furnished with our letter of April 10 which shows
by the fact
five such banks. This difference is accounted for
was inrnia,
Califo
on,
Stockt
Safe Deposit Bank,
that the
100
$100
of
l
capita
having
cluded in Section (b) of Table 6 as
the
group
in
d
include
been
to $199 900, whereas it should have
having capital of 4200 000 or over.
A re-check of Table 6 for the State of California indid of 21
cates that only 20 banks should have been reported, instea
banks.
We are, therefore, enclosing a revised Table 6 for the
6
State of California. There are also enclosed revised Tables
Utah.
and
for the States of Idaho
Section (b) of the revised report for the State of
less than
Idaho includes two banks in the group having capital
originally
as
report
The
000.
..5
1
4
$15 000 and 4 with capital of
.
groups
such
of
submitted showed three banks in each

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Table 6 for the State of Utah, previously forwarded to
the Halloran
the Board, covered four banks. It now appears that
not have
Savings and Trust Company, Salt Lake City, Utah, should
been included in the report.
Yours very truly,

H. A. SONNE
Chief Examiner
Enclosures

FORM F. R. 245

TELEGRAM
*BOARD OF GOVERN0037 APR

OF THE

PM 12

FEDERAL RESERVE SYSTEM

•

LEASED WIRE SERVICE

RECEIVED AT WASHINGTON, D. C.

101 G K
SANFRANCISCO APRIL 13-37-353A

•

SMEAD
•

•

TJASHINGTON
-RLATL 12.

FIVE BANKS WITH CAPITAL OF TWO HUNDR7D THOUSAND

•

OR OVER IS CORRECT, ADDITIONAL INSTITUTION BEING UNION SAFE

41
41

DEPOSIT BANK, STOCKTON. FORWARDING REVISED TABLE 6 AIR MAIL TODAY,
OTHER DIEEREPAlfIES APPARENT.

•
•

SONNE

111g A

•

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Form F. R.148b

TELEGRAM
BOARD OF GOVERNORS
OF THE

FEDERAL RESERVE SYSTEM
LEASED WIRE SERVICE

WASHINGTON

April 12, 1937

Sonne — San Francisco
covering insured
eferring our April 1D letter, Table
dimmmisimmiow.
section (b)
nonmember banks in California shows only 4 banks in
with capital of

200,000 or over, whereas statement furnished with

your letter roovis 5 such banks.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Apparently anion Safe Deposit Banks

ockton, is not included in Table 6.

Please advise.

m-4573

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

FEDERAL RESERVE BANK OF SAN FRANCISCO
April 10, 1937

RECEIVED
APR 1 2 1937
DIVISION OF
BANK OPERATIONS
Mr. E. L. Smead, Chief,
Division of Bank Operations,
Board of Governors of the Federal Reserve System,
Washington, D. C.

Dear Yr. Smead:
In compliance with request contained in your letter
of April 6, there is enclosed list of insured nonmember commercial banks included in Table 6 referred to in your letter
of August 14, 1936, which were operating one or more branches
outside the head office city. Table 7 did not include any
insured nonmember commercial banks which were operating one
or more branches outside of head office city. No noninsured
nonmember commercial banks were included in either of the
subject tables, which were operating one or more branches
outside of head office city.
Also, there is enclosed list of insured and noncommercial banks located in places with a
nonmember
insured
population of 6,000 or over in the first five capital classifications (under 4,50 000 00) of Section (b) of Table 6 referred
to above.

Yours very truly,

H. A. SONNE
Chief Examiner

Enclosures

Federal Reserve Bank of San Francisco
Re Board's letter dated April 6, 1937.
in Places with a
List of the Insured and Non-Insured Nonmember Commercial Banks Located
cations (under 1.50,000)
Population of 6,000 or over included in the first five capital classifi
of Section (b) of Table (6)
(In Thousands of Dollars)
Insured Nonmember Banks
Table 6

Name of Bank
Arizona

None

California

None

Idaho

None

Nevada

None

Oregon

None

Utah

None

Location

Minimum
Capital
for Fed.Res.
Membership

Capital Stock
Including
Capital Notes
and Debentures
Sold to R.F.C.

Total
Capital
Account

Total
Deposits

Population
of Town
or City

Washington
First State Bank
Greenlake State Bank

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Bremerton
Seattle

100
100

15
25

148

10 170

528

365 583

Federal Reserve Bank of San Francisco
Re Board's letter dated April 6, 1937.
List of the Insured and Non-insured Nonmember Commercial Banks Located in Places with a
Population of 6,000 or over included in the first five capital classifications (under t50,000)
of Section (b) of Table (6)
(In Thousands of Dollars)
Non-insured Nonmember Banks
Table 6

110
Name of Bank
Arizona

None

California

None

Idaho

None

Nevada

None

Oregon

None

Utah

None

Location

Minimum
Capital
r Fed.Res.
for
1.:embership

Capital Stock
including
Capital Notes
and Debentures
Sold to R.F.C.

Total
Capital
Account

Total
Deposits

Population
of Town
or City

Washington
Security State Bank

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Spokane

200

1 167

115 514

Federal Reserve Bank of San Francisco
Re Board's letter dated April

6, 1937.

List of the Insured and Non-insured Nonmember Commercial Banks Included in Tables 6 and
Respectively, which were operating one or more branches outside the Head Office City.

(In Thousands of Dollars)
Insured Nonmember Banks
Table 6
No. of
Branches
Name of Bank

Location

Outside
H.O.City

Minimum
Capital for
Fed. Res.
Membership

Capital Stock
Including
Capital Notes
and Debentures
Sold to R.F.C.

Total
Capital
Account

Total
Deposits

Population
of Town
or City

None

Arizona
California

'Bank of Alameda Co.
'Placer County Bank
'Scott Valley Bank
Bank of Guerneville
Bank of Amador Co.
Plumas Co. Bank
Exchange Bank
Analy Savings Bank
Union Safe Deposit
Bank
State Bank of
Idaho

None

Nevada

None

Oreoon

None

Utah

None

Alvarado"'
Auburn
Fort Tones
Guerneville
Jacksien
Quincy
Santa Rosa
Sebastopol

2
1
1
1

3
1
1
1

500
500
500
500
500
500
500
500

260
235
200
50
125
100
400

338
270
235
77

2 582
1 562
876
389
2 777

444
111
503
114

425
3 714
778

1 700-2 661-.
302 .
780 •
2 005
900
10 636
1 762

481
120

2 197
822_

47 963
3 442 '

Stockton
Taft

1
1

500
500

375
68

Cle Elum

500

Washington
Ole Elum State Bank

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

763

2 508

RECEIVED

FEDERAL RESERVE BANK OF SAN P-

DIVISION OF
BANK OPERATIONS

OFFICE OF

CHAIRMAN OF THE BOARD
FEDERAL RESERVE AGENT

1. ;C!
, .Vg

August 28, 1936

orprowls
(14

Board of Governors of the
Federal Reserve System,
WashinFton, D. C.
_Attention J. E. Horbett, AssIt Chief,
Division of Bank Operations
k

Dear Sirs:
Please find enclosed, in compliance with request contained
in your letter of August 14, the following:

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Table No.

- Classification of nonmember banks as of December
31, 1935 operating no branches outside the
head office city established after February 25,
1927, not eligible for Federal Reserve membership on the basis of the capital requirements
of Regulation H, Section 2, paragraph (a),
segregated as follows:
Insured Nonmember Commercial Banks
Arizona
California
Idaho
Nevada
Oregon
Utah
-thashington

None
21
11
None
18
4
42

Noninsured Nonmember Commercial Banks
Arizona
California
Idaho
Nevada
Oregon
Utah
Washington

None
1
None
None
1
None
4

•

FEDERAL RESERVE BANK OF SA4114NCISCO

Insured Mutual Savings Banks
None
None
None
None
1
None
2

Arizona
California
Idaho
Nevada
Oregon
Utah
Washington

Noninsured Mutual Savings Banks
There are no banks in the 12th
district coming under this classification.
Table No.

7 - Classification of nonmember commercial brnks
operating no branches outside the head office
city established after February 25, 1927, with
capital less than 450,000, located in places
with a population not exceeding 3,000, eligible
for Federal Reserve membership under the provisions of Regulation H, Section 2, paragraph (a),
sub-paragraphs (1), (A) and (B).
Insured Nonmember Commercial Banks
None
15
10
None
19
11

Arizona
California
Idaho
Nevada
Oregon
Utah
I:iashington

Noninsured Nonmember Cammercial Banks
Arizona
California
Idaho
Nevada
Oregon
Utah
Washington

None
1
None
None
None
None
2

It is noted that this corapites the data which, at this time,
organizing from the schedules F.R. 246 and, in accontemplated
is
it
cordance with instructions, we shall hold the schedules in readiness
for use should occasion arise for referring to them again.

Texpllnrures

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yours v ry truly,

Assista

SARG
ederal Reserve Agent

Divislon of

611 ,04.

00-

FEDERAL RESERVE BANK OF SAN FRANCIL960)
2 :4 336
OFFICE OF

CHAIRMAN OF THE BOARD
FEDERAL RESERVE AGENT

August 24, 1936

DIVISION Of
BANK OPERATIONS

Board of Governors of the
Federal Reserve System,
Washington, D. C.
Attention J. E. Horbett, Assft Chief,
Division of Bank Operations.
Dear Sirs:
find
In partial compliance with your letter of August 14, please
the
in
bank
member
State
each
enclosed copies of Schedule 246b covering
city estabTwelfth District operating no branches outside of head office
a national
into
n
conversio
lished after February 25, 1927 not eligible for
5138
Section
in
d
prescribe
bank on the basis of the capital requirements
U.S.R.S., such banks being as follows:
Arizona

Buckeye

The Buckeye Valley Bank

California

Le Grand
Newman

Le Grand Bank
Bank of Newman

Idaho

Aberdeen
Arco
Hazelton
Uhlad City
Orofino
Richfield
Soda Springs

Bank of Aberdeen
Butte County Bank
Hazelton Ltate Bank
J. N. Ireland & Co. Bankers
Bank of Orofino
First State Bank
Largilliere Company Bankers

Oregon

Haines
14rtle Point

Bank of Haines
Security Bank

Utah

Salina

First State Bank of ;1-a1ina

Washington

Coulee City
Kelso
Puyallup
Ritzville
Rockford
Rosalia
Selah
Tekoa
Toppinish
Uniontown

Socurity :tate Bank
Cowlitz Valley Bank
Citizens State Bank
The Ritzville State Bank
Farmers & Merchants Bank
Bank of Rosalia
Selah State Bank
Tekoa State Bank
The Traders Bank
Farmers State Bank

https://fraser.stlouisfed.org Enclosures
Federal Reserve Bank of St. Louis

Yours very truly,

H. A. SONL.2,
Chief Examiner

•
FEDERAL RESERVE BANK OF SAN FRANCISCO
ttteEIVE.Li

OFFICE OF

CHAIRMANADF THE BOARD
•)
FEDERAL
SERVE AGENT

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

August 21, 1536

AUG 25 1936
DIVISION OF
BANK OPERATIONS
Division of Bank Operations File

Board of Governors of the
Federal Reserve System,
Washington, D. C.
Attention J. E. Horbett, Assft,Chief,
Division of Bank Operations.
Dear Sirs:

Complying with request contained in your letter of
August 12, please find enclosed Table 4, Classification of
Banks According to Ratio of Capital Account to Total Deposits
of banks in the Twelfth Federal Reserve District, as follows:
National banks (272)
State member banks
Insured Nonmember Commercial Banks
Noninsured Nonmember Commercial Banks (18)
Insured Mutual Savings Banks

(78)

(293)

(5)

Yours very truly,

H. A. SONNE
Chief Examiner

Enclosure

FEDERAL RESERVE BANK

OF SAN FRANCIkacito

AUG 24 1938

OFFICE OF

CHAIRMAN

OF THE

BOARD

DIVISION OF
BANK OPERATIONS

FEDERAL RESERVE AGENT

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

911/iSlOt1 et

Uperattuts4 44-

Board of Governors of the
Federal Reserve System,
Washington, D. C.
Attention J. E. Horbett, Asst. Chief,
Division of Bank Operations
Lear Sirs:
In response to your letter of August 12, Please
find enclosed Table No. 5 - Classification of Nonmenber Commercial Banks not on the Federal Reserve par list for states
as follows:
Oregon:

Insured Nonmember Commercial
Banks (3)
Non-insured Nonmember Commercial
Banks (1)

Washington: Insured Nonmember Commercial
Banks (28)
Noninsured Nonmember Commercial
Banks (1)

Yours very truly,
*.Ge-

H. A. SONNL
Chief Examiner

Enclosure

WisiooIb#0,

opeltiolis

Undivided2rofits of insured mutual savings banksA Dosomber 31, 1935
au thousands of dollars)

.R. List. No. 12

Hibernia Savings & Loan Society

arvlan

utui1

45ving8 bank

Coolidge lutual Savings imuk
Was'aington autual Sovings Lttnic
First United Autual Savings Bank

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

San Francisco

California

,'ortland

Oregon

Seattle
*
Tacoma

dashington

OXFAM

1
166
11

August 6, 1936

gr. S. C. d
- argent
Assistant Federal heserve Agent
Federal rieserve fznk of San Francisco
San Frrmcisco, California

Dear Mr. Sargent:
heceipt is acknowledged of your letter of July 31 and of the
accompanying classifications of member and nonmember bha<s submitted
( c,

pursuant to Mr. Spumes letter of June 24 and subsequent communicttions.
With respect to the lest paragraph of your letter, we find that
the reconcilement sheet covering State banking institutions in the Etate
of ':,as.lington should bLve shown 130 banks instead of 131, with a footnote to the effect that the figure 130 does not include the Knettle
State Bank, Pomeroy, Washington, wilicn went into voluntary liquidation
on October 2, 1935 but which apparently was included in the State banking department abstract.

The Lincoln Trust L;om.,)any, Zpokane, Wasani:ton,

hi,s been elimincted from our copy of the list of State banking institutions and the number of "TrUat Comy:.nies without deposits" should be reduced from 4 to 3.

It is suggested that correspondinf changes be made

on the copy of the list and reconcilement sheet sent to you with Ir.
mead's letter of June 26.
Tables 1, 2 am 3 covering national banks in the .tats of Oregon
only 43 such banks compred with 44 in the Deceober 31, 1935

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

FUfl 1F CoPY

Mr. S. G. Urgent -- 2

abstract issued by the Comptroller of the Currency.

According to our

records the First National Bank of Prairie City, Oregon, was placed
in voluntary liquidation on Lecember 31, 1935 and it is assumed that
it was omitted from your compilations.

The Comptroller's office, how—

ever, included the bank in its abstract on the ground that the liquida—
tion did not become effective until after close of business.

In order

that the number of national banks as shown in Tables 1, 2 and 3 may
agree with the Lecember 31, 1935 abstract, we have amended the tables
by increasing the number of banks by one.

14 have also added $156,000

to V:le figures of demand deposits in Table 1, 0193,030 to t:-_2; figures
of total deposits in Tables 1 and 2, and 482,000 to the figures of
loans nnd investments in Table

3. The bank falls in the population

group 250 to 499, and has a ratio of demand to total deoosits amounting
to 80.8 percent.

If our assumption is correct

he to

this bank, it is

5uggested that corresponding changes be 4ade in your copies of the
tables.
Very truly yours,

J. E. Horbett,
Chief,
Division of bank Operations.

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IMJ

JEM/ab
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

C IJED)Y

COPY
TELEGRAM
BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM
August 4, 1936

Schaller - Chicago
Day - San Francisco
Referring to Mr. Smeadts letters of June 24 and July 10 with
respect to classifications of member and nonmember banks, will appreciate it
if you will forward any part of Tables 1, 2, and 3 which have been
completed and advise when remaining tables may be expected.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

VAN FOSSEN

9,144.4.

6470flut

06...041011

t
r
A
4.410

.71.

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2 /.
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e7

ejA
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fro--tt,p.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

FEDERAL RESERVE BANK OF SAN FRANCISCO
OFFICE OF

CHAIRMAN OF THE BOARD
FEDERAL RESERVE AGENT

Jul: 31, 173,f)

8ECE/PED
!oard of Governors of t' Federal Reserve System,
1 Inshim,
ton, D. C.
:

/1116 4.7936
D P1S/ON oF
I/
_OPeR4TioNs

Attention E. L. -3-nield, Chief,
Division of Bank C
Deer Sirs:

This refers to ;Tour letter of June 24 nd subsequent comr,uni2ati(__ relatinr:7 to infometion desired in order to provide the Board
' with a number of different classifications made of member --'
banks in the Twelfth District and for use in connection th.Jruit,.: or
FR 246, b, c and d were sup)lied.
Com)ilation of the data requested thus far has bon coLipleted,
of December 31, 1()35 and, in accordance with :our letter
aS
it being
SU'
July 10, there are enclosed toles Nos. 1, 2 end
follows:
.).4" the Twelfth District of banks as

National Banks (271)
State 11-ink lio.-Jpers
Insured. ronmember Commercial Noninsured Norimeniber Coniiierc iu

(78)

Also r)lease find tables IT

and

)

(5)

Insured LlUtual Javin7,s 2,nks
(fLere are no noninsured uutual
in t>o Tvielfth District)

and as further reue;:ted there qr.o submitted hJrewith
of
nhs (5)
Branches of Forei1
De)osits (1,)
7Iithout
Trust Companies
s '5it1iout Le!)osits (
Institution
Other l'in%ncial
of
rour letter of Jun i, indicate titt the
,
Trust Col:1_
ihe.Luu t"J ,-1 3_Li
De2ositsf
,which
without
Companies
'Trust
of
, 1934, its sus]mms!.on havia han r(rflorted
t. a T3o?Ard

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

•

FEDERAL RESERVE BANK OF SA NOA NCISCO

_
'',, 1c)34, in 7,ccordance with i-:,
,nort ,:.I ::,...
in our rc,
__
The total numbar of banYs.inf7, institutions in
nunbored 17.)9, and - _ .
- refore, be 130.
-t t--: of Was1iin7ton wou7 (7, ti--. ;
oit s/ our furt].r advice in r(---s.)ect t
fic•

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Your -

V or

additL

Division

FEDERAL RESERVE BANK OF SAN FRANCISCO
OFFICE OF
CHAIRMAN OF THE BOARD
FEDERAL RESERVE AGENT

7uly

•a.

Board of Governors of the
Federal Reserve System,
Washington, D. C.
Attention J. E. Horbett, Assistant Chief,
Division of Bunk Operations.
Dear Sirs:
Complying with request contained in your latter of July
20, 1936, there are submitted herewith copies of the following
schedules comprisinr, the banks in this district which operate one
or more branches.

(94qV

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

- 28 national banks
- 10 State bank members
- 24 insured nonmember commercial banks i/-- 1 nonmember insured mutual savinc;s
bank
,
FR 246d - 1 nonmember non-insured commercial
bank

FR
FR
FR
FR

246a
246b
246c
246d

vr
Your/rjo

0
Assista
14.
ederni

'•3

Fiito

1"(-!1) of

July 21, 1936
Mr. S. G. Sargent,
Assistant Federal Reserve Agent,
Federal Reserve Bank of San Francisco,
F,an Francisco, Calife

Dear Mr. Sargents
eftri,),.ce is made to Ar. Smead's letter of July 16 addressed to
Mr. Moore, and to the schedules FR 246c wad d covering insured nonmember
banks in your district sent to your bank on the same date.
Through inadvertence, the amount of surplus of mutua savings banks
was not shown against Item 13 of schedules 2464.

The amounts are shown

below (in thousands of dollars), and it will be hiodreciated if y uwill
have then inserted in the schedules covering the respective banks'

H
Hibernia Savings Rf Loan Society

San Francisco

7,325 '

Oregon
Portland

Oregon Mutual Savings Bank

!Akita=
Coolidge Mutual Savings Bank
Washington Mutual Savings Bank
First United Mutual Savings Bank

Seattle
Seattle
Tacoma

73
1,800 •

Very truly yours,

11. Horbett, Asst. Chief,
Division of sank Operations.

1JP
JETT/lee

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

PE)

RECEIVED

FEDERAL RESERVE

.'
iliAttlfaiiA

FRANCISCO

DIVISION OF OFF icE OF

CHAIRMAN OF THE BOARD
FEDERAL RESERVE AGENT

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

JuiyaM,K alft"woF
. urt HA rioNs
.ly
-.41
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*44'.:'
j'‹
Board of Governors of the
Federal Reserve System,
Washington, D. C.
L. knead, Chief,
Attention
Bank Operations.
of
Division
Dear Sirs:
This will acknowledge the receipt of ;four letter
of .T11141_1.64.together with schedules FR 246 c and d covering insured nonmember banks in this district sent under
We wish also to acknowledge the receipt
separate cover.
of Mr. Horbett's letter of the same date, enclosing schedule FR 246d of the Hibernia Savings ec Loan Society of
San Francisco.

Yours very truly,

Assistant

eral Reserve Agent.

0
--

July 16, 1136

Ur. Walton N. oore
Federal Reserve Agent
Fedeml Ree,erve 'Davi( of San Francisco
E'en Frencisco, California

Leer Mr. Moore:
Through invertence, the irclosed schedule FR 246d
war omitted from the package Lent today by registered mail
acdrec6ed to you.
Very truly yours,

Chief,
J. E. Horbett,
Division of hank Operations.

/nolo:sure.

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al/IJ

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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