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Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

A) - (0 S O j

fi
h

i

J
FEDERAL RESERVE BANK
OF BOSTON

Supplementing information given in our pamphlet dated March 30, 1933, the following bank
should be added to the list of banking institutions in the First Federal Reserve District which
haVe been licensed to resume full banking operations:

NON-M EM BER BANK
CONNECTICUT
Danielson.....................*Danielson Trust Company
(*Reopening of bank which suspended business December 18, 1931.)

May 24, 1933.




Reproduced from the Unclassified I Declassified Holdings of the National Archives




DECLASSIFIED
Authority ^ A)- 10 -^.1_

FEDERAL RESERVE BANK
OF BOSTON

Supplementing information given in our list of May 17, 1933, of re-opened
banks, the Commissioner of Banking and Insurance of the State of Vermont now
advises “ that the Windsor County Trust Company has turned over its commercial
banking business to the Windsor County National Bank and will continue to
transact its customary savings bank and fiduciary business, and that its commer­
cial business only is to be taken over by the Windsor County National Bank” .

May 20, 1933

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10501

BiiO'B II BUSS
p .

,<yrt8 2 81945

V " 7 Q>

II

FEDERAL RESERVE BANK
OF BOSTON

Supplementing information given in our pamphlet dated Mar. 30, 1933, the following banks
should be added to the list of banking institutions in the First Federal Reserve District which
have been licensed to resume full banking operations:

M E M B E R BANKS
VERMONT
Windsor..................The Windsor County National Bank of Windsor
(Newly chartered succeeding the State National Bank of Windsor and the
Windsor County Trust Co. of Windsor)

N O N - M E M B E R BANKS
MAINE
Caribou......................Aroostook Trust Company
(Operating with Restrictions on Savings Deposits only)

May 17, 1933.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

[

DECLASSIFIED
Authority ^ A)* (0

Supplementing information given in our pamphlet dated March 30, 1933, the following banks
should be added to the list of banking institutions in the First Federal Reserve District which have
been licensed to resume full banking operations:

M E M B E R BANKS
VERMONT
Rutland................................. Clement National Bank
The following State Banking Institutions, previously licensed to resume full banking operations
by the Commissioner of Banks, State of Massachusetts, have been admitted to membership in the
Federal Reserve System:
MASSACHUSETTS
Brookline.......................... Boulevard Trust Company
Everett................... Everett Bank & Trust Company
The following banks are now operating with restrictions; previously reported as operating
without restrictions:

NON-ME M B E R BANKS
Operating with Restrictions

MAINE
Augusta................................Augusta Trust Company
State Trust Company
Gardiner.............. Gardiner Trust Company
Maine Trust & Banking Company
Rockland..............................Security Trust Company

May 3, 1933.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

p

(0501

FEDERAL RESERVE BANK
OF BOSTON

Y--/2-3 2

Supplementing information given in our pamphlet dated March 30, 1933, the following banks
should be added to the list of banking institutions in the First Federal Reserve District which have
been licensed to resume full banking operations:

MEMBER BANKS
MASSACHUSETTS
Southbridge................. Peoples National Bank
VERMONT
Montpelier..................... First National Bank

N ON-MEMBER BANKS
CONNECTICUT
South Manchester............... Manchester Trust Co.
(Newly Chartered)

NOTE: All banks in Fairfield County, Connecticut, are assigned to the SECOND FEDERAL RESERVE DISTRICT; Please consult list
published by the Federal Reserve Bank of New York for information regarding these banks.

April 12, 1933.




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■BO'B W T O

*

FEB 2 81945. .
FEDERAL RESERVE BANK
OF BOSTON

‘/ - S '- 3 3

Supplementing information given in our pamphlet dated March 30, 1933, the following banks
should be added to the list of banking institutions in the First Federal Reserve District which have
been licensed to resume full banking operations:

M EMBER BANKS
MASSACHUSETTS
Somerville................. Somerville National Bank

VERMONT
Brattleboro............... Vermont-Peoples National Bank
Rutland.....................Central National Bank

April 5, 1933.

d J L j.

3 O ff I (!)




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FED E R A L R ESERVE BANK O F BOST
BOSTON, M ASSACH USETTS.

April 4, 1933To all Member Banks
First Federal Reserve District:
The following telegram received from the Secretary of the Treasury is quoted
for your information:
''Member banks which have been granted Federal Licenses to reopen are not
permitted to take advantage of any State stabilization act providing for
limitation of withdrawals or otherwise to operate on restricted basis.
You are authorized and directed to advise any member bank which has been
granted a License to reopen, that unless it reopens to the full extent
permitted by such License, it will be necessary for me to revoke its
License. If it fails to reopen to the full extent permitted by its
License after being thus advised by you, you are authorized and directed
to revoke the License heretofore granted to it.
Regulation 30 (*) covers cases where conservators or other appropriate
officials have taken possession and control of ^ n k . "

(*) REGULATION 30 referred to is included in our Circular 16, under date of
March 28, 1933, Page 1, and is as follows:
"Banking institutions which are members of the Federal Reserve System and
of which actual possession and control have been taken (A) by Conservators
appointed pursuant to the act of March 9, 1933, or (B) by appropriate State
officials appointed pursuant to State law, as permitted by the President’s
Executive Order of March 18, 1933, are permitted to transact such limited
banking functions as may be authorized in accordance with law by the
Comptroller of the Currency, in the case of National banks, or by the
appropriate State officials, in the case of State member banks: provided,
however, that no such banking institution shall reopen for the performance
of its usual and normal functions until it shall have received a license
from the Secretary of the Treasury. This regulation shall not authorize
any transaction with respect to the export or paying out of gold or gold
certificates, withdrawal of currency for hoarding or transactions in foreign
exchange prohibited or restricted by the Executive Order of March 10, 1933."




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10 SO I

^

F E D E R A L R ESER VE BANK O F BOSTC*
BOSTON, M ASSACH USETTS.

fB If fit

tB 28194b
i'ln

March 31, 1933.

To All Banks
First Federal Reserve District:
Under authority conferred upon him by President’s proclamations of March 6
and 9, 1933, declaring and continuing bank holidays, the Secretary of the
Treasury has issued the following regulations;
"Any banking institution which is a member of the Federal Reserve
System and is not licensed to perform usual banking functions, but
which is duly authorized to engage in the business of acting as
trustee, executor, administrator, registrar of stocks and bonds,
transfer agent, guardian of estates, assignee, receiver, committee
of estates of lunatics, or in any other fiduciary capacity, may
transact such business in the normal and usual manner and may make
payments on account of the principal or income of trust or other
fiduciary funds to the persons entitled thereto; provided, that,
except to the extent permitted by other emergency banking regula­
tions, no such banking institution shall withdraw or pay out any
trust or other fiduciary funds on deposit with any other depart­
ment of such banking institution or make any other payment in con­
nection with any trust or other fiduciary funds, which would operate
to discharge, as a whole or in part, any indebtedness, as distinguished
from any trust or other fiduciary duty, of such banking institution.
This regulation supercedes emergency banking regulation number 13, of
March 7, 1933, (Refer our Circular 2, March 7, 1933, Page 2, second
paragraph) which is hereby revoked." Regulation 31.

"Any State bank which is a member of the Federal Reserve System,
and is not licensed by the Secretary of the Treasury to perform
usual banking functions, may permit withdrawals of deposits
which are lawfully secured by collateral; provided, that such
withdrawals are (A) permissible under applicable law, (B) duly
authorized by the Board of Directors of such bank, upon such
terms with respect to the release of collateral as will fully
protect all depositors and other creditors against the creation
of any preferences, and (C) approved by the appropriate State
authority having supervision of such bank. Any such bank is
authorized to carry on such usual banking functions as may be
essential to allow the withdrawals permitted by this regulation,
subject to the provisions and restrictions above set forth and
except as otherwise prohibited." Regulation 32.




mmi

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Authority 'jr.'D. ( 0 5 0 1

iitnRTnssasss

f

rEB 2 81945
^

~ C
l

Federal

Reserve

OF

/ 1'

Bank

BOSTON

List of member and non-member banks in First Federal
Reserve District licensed to re-open March 13, 1933March 29, 1933. Also List of non-member banks operat­
ing with restrictions. Information as to non-member banks
compiled from best information available to date. This
list supersedes our lists dated March 16, 1933 and March
23, 1933.




MARCH 30, 1933

(l]

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C O N N E C T I C U T — Member Banks

ANSONIA................................ Ansonia National Bank

NEW HAVEN

First Nat’l Bank and Trust Co.
New Haven Bank NBA
Second National Bank

CANAAN................................. Canaan National Bank

CLINTON................................Clinton National Bank

DANIELSON..........................Windham County Nat’l Bank

NEW LONDON...................National Bank of Commerce
National Whaling Bank
New London City Nat’l Bank

NEW M ILFORD.................First National Bank

NORWICH............................Uncas-Merchants Nat’l Bank
DEEP RIVER....*1.................Deep River National Bank

PLAINFIELD.......................First National Bank
DERBY.................................... Birmingham Nat’l Bank

PLANTSVILLE.................... Plantsville National Bank
EAST H AD D A M .................. Nat’l Bank of New England

PUTNAM.............................. Citizens National Bank
ESSEX...................................... Essex Nat’l Bank

ROCKVILLE........................ Rockville National Bank
FALLS VILLAGE.................National Iron Bank

HARTFORD...........................Capitol Nat’l Bank & Trust Co.
First National Bank
Hartford Nat’l Bank & Tr. Co.
Phoenix State Bank & Tr. Co^-

SHARON.............................. Sharon National Bank

STAFFORD SPRINGS.......First National Bank

STONINGTON.....................First National Bank
LITCHFIELD........................First National Bank

MERIDEN.............................. First National Bank
Home National Bank
Meriden National Bank

SUFFIELD............................ First National Bank

THOMASTON...................... Thomaston National Bank

TORRINGTON.................... Torrington Nat’l Bank & Tr. Co
M IDDLETOW N....................Central National Bank of Mid­
dletown
First National Bank
Middletown National Bank

MYSTIC...................................Mystic River National Bank

NAUGATUCK........................Naugatuck Nat’l Bank

NEW BRITAIN.................... New Britain National Bank




WALLINGFORD......

.......First National Bank

WATERBURY......................Citizens and Manuf. Nat’l Bank
Colonial Trust Company-'"''
Waterbury National Bank

W ILLIM ANTIC................... Windham National Bank

W INSTED...... ...................... First National Bank
Hurlbut National Bank

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C O N N E C T I C U T — Non-Member Banks

BRANFORD......................... Branford Trust Company
Branford Peoples Bk. & Tr. Co.

NEW BRITAIN...................New Britain Trust Company
NEW HARTFORD............. New Hartford Trust Company

BRISTOL...............................Bristol Bank and Trust Co.
Northside Bank and Trust Co.
BROAD BROOK................. Broad Brook Bank and Tr. Co.
CHESTER............................. Chester Trust Co.

NEW HAVEN......................American Bank and Trust Co.
Community Bank and Tr. Co.
Union and New Haven Trust Co.
NEW LONDON...................Union Bank and Trust Company
NORWICH............................Thames Bank and Trust Co.

DANIELSON........................ Ivillingly Trust Company
PLAINVILLE....................... Plainville Trust Company
DERBY..................................Home Trust Company
PORTLAND..........................Portland Trust Company
EAST HAMPTON...............East Hampton Bank & Tr. Co.

PUTNAM ............................. Cargill Trust Company

EAST HARTFORD.............East Hartford Trust Company

SEYMOUR............................ Seymour Trust Company

ESSEX....................................Bankers Trust Company

SIMSBURY...........................Simsbury Bank and Trust Co.

GLASTONBURY................. Glastonbury Bank & Trust Co.

SOUTHINGTON.................. Southington Bank and Tr. Co.

GUILFORD...........................Guilford Trust Company

TERRYVILLE......................Terry ville Trust Company

HARTFORD......................... Bankers Trust Company
Connecticut River Banking Co.
Hartford, Connecticut Tr. Co.
Park Street Trust Company
Riverside Trust Company
South End Bank and Trust Co.
Travellers Bank and Trust Co.

THOMPSONVILLE.............Thompsonville Trust Company
TOLAND............................... Savings Bank of Toland
TORRINGTON.................... Brooks Bank and Trust Co.
WALLINGFORD................. Wallingford Bank & Trust Co.

JEWETT C ITY ................... Jewett City Trust Company
W ATERBURY......................Waterbury Trust Company
LAKEVILLE.........................Salisbury Bank and Trust Co.
WATERTOWN.....................Watertown Trust Company
MADISON.............................Madison Trust Company
WEST HARTFORD............West Hartford Trust Company
MERIDEN............................ Puritan Bank and Trust Co.

WETHERSFIELD............... Wethersfield Bank and Tr. Co.

MIDDLETOWN.................. Middletown Trust Company

WILLIMANTIC................... Willimantic Trust Company

MOOSUP................................Moosup Trust Company

WINDSOR.............................Windsor Trust Company

C O N N E C T I C U T — Non-Member Banks
Operating on a Percentage Restriction

MILFORD




Milford Trust Company

NEW LONDON.................. Winthrop Trust Company

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M A I N E — Member Banks
AUGUSTA............................. First National Granite Bank

KENNEBUNK..................... Ocean National Bank

BANGOR...............................Merchants National Bank

KEZAR FALLS.................... Kezar Falls National Bank

BAR HARBOR.................... First National Bank
BATH............................. ....... Bath National Bank
First National Bank

LEWISTON.......................... First National Bank
Manufacturers National Bank
NORTH BERW ICK........... North Berwick National Bank

BETHEL................................Bethel National Bank
PHILLIPS..............................Phillips National Bank
BIDDEFORD....................... First National Bank
DAMARISCOTTA............... First National Bank
Newcastle National Bank

PORTLAND..........................Canal National Bank
Portland National Bank
RUMFORD........................... Rumford National Bank

FARMINGTON................... First National Bank
„
Peoples National Bank

SACO...................................... York National Bank

GARDINER..........................National Bank of Gardiner

SANFORD.............................Sanford Trust C om p a n y /

HOULTON........................... First National Bank

SKOWHEGAN......................First National Bank

M A I N E — Non Member Banks

AUBURN....... ....................... First Auburn Trust Company
AUGUSTA.............................A ugusta Trust Company
State Trust Company
BANGOR............................... Eastern Trust and Banking Co.
Merrill Trust Company

LEWISTON..................... ....Lewiston Trust Company
LINCOLN........................
LIVERMORE FALLS
LUBEC.............................

Lincoln Trust Company
... Livermore Falls Trust Company
Lubec Trust and Banking Co.

MILLINOCKET............. . Millinocket Trust Company
BAR HARBOR.................... Bar Harbor Banking and Tr. Co.
BATH..................................... Bath Trust Company

NEWPORT....................... , N ewport Trust Company
PATTEN...........................

Katahdin Trust Company

RANGELY.......................

Rangely Trust Company

BIDDEFORD....................... Pepperell Trust Company
ROCKLAND.................... ... Security Trust Company
DANFORTH.........................Danforth Trust Company

RUMFORD......................

Rumford Falls Trust Company

GARDINER........................ Gardiner Trust Company
Maine Trust and Banking Co.

WASHBURN...................

Washburn Trust Company

WATER VILLE................

Federal Trust Company

GUILFORD...........................Guilford Trust Company

WILTON.......................... ....Wilton Trust Company ,




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M A S S A C H U S E T T S — Member Banks
Concord National Bank

ABINGTON............................ Abington National Bank

CONCORD

ADAMS.................................... First National Bank
Greylock National Bank

CONWAY.............................. Conway National Bank
DANVERS............................ Danvers National Bank

AMESBURY........................... Powow River National Bank

DEDHAM..............................Dedham National Bank
AMHERST....... ......................First National Bank

EASTHAMPTON.................First National Bank
ANDOVER.............................. Andover National Bank

EDGARTOWN..................... Edgartown National Bank
ARLINGTON.................... .....Arlington National Bank

ATTLEBORO......................... First National Bank

A YER........................................ First National Bank

EVERETT.............................Everett National Bank
FAIRHAVEN........................National Bank of Fairhaven
FALL RIVER.......................BMC Durfee Trust Company^
Fall River National Bank

BARRE.....................................Second National Bank

FALMOUTH......................... Falmouth National Bank
BEVERLY............................... Beverly National Bank

BOSTON.................................. Day Trust Company / “
Merchants National Bank
National Rockland Bank
National Shawmut Bank
,
New England Trust Company^
Old Colony Trust Company'"
Second National Bank-^*^
State Street Trust Company
The First Nat’l Bank of Boston
United States Trust Company-*''
Webster & Atlas Nat’l Bank

BRAINTREE ......................... Braintree National Bank

BROCKTON........................... Brockton National Bank
Home National Bank

FITCHBURG........................Safety Fund National Bank
Worcester County National Bk.
FOXBOROUGH................... Foxboro National Bank
FRAMINGHAM.................. Framingham National Bank
GARDNER........................... First National Bank
GLOUCESTER.....................Cape Ann National Bank
Gloucester National Bank
Gloucester Safe Dep. and Tr. C o /
GREAT BARRINGTON.... National Mahaiwe Bank
GREENFIELD.....................First National Bank & Trust Co.
Franklin County Trust C o x '

BUZZARDS B AY..................Buzzards Bay National Bank

HAVERHILL........................ Haverhill National Bank
Merrimac National Bank
CAMBRIDGE.....

.... ........Harvard Trust Company'^
Lechmere National Bank

CHELSEA... ............. ..... ....... Broadway National Bank




HOLYOKE............................ Holyoke National Bank
Park National Bank
HOPKINTON....................... Hopkinton National Bank

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M A S S A C H U S E T T S — Member Banks (Continued)

HUDSON...............................Hudson National Bank

NEW BEDFORD................ First National Bank
Merchants National Bank
Safe Deposit National Bank

HYANNIS............................. Barnstable County Nat’l Bank
IPSWICH.............................. First National Bank
LEE........................................ Lee National Bank
LENOX.................................. Lenox National Bank
LEOMINSTER.....................Merchants National Bank
LOWELL............................... Appleton National Bank
Union Old Lowell National Bank

NEWBURYPORT................First and Ocean National Bank
Merchants National Bank
NE WTO N ..............................N ewton National Bank
Newton Trust Company

NORTH ADAMS.................North Adams National Bank
NORTHAMPTON............... First National Bank
Northampton National
and Trust Company

NORTH ATTLEBORO
LYNN.....................................Central National Bank
Manufacturers National Bank
National City Bank
Security Trust C o ^
M ALDEN.............................. First National Bank
Second National Bank

-

Bank

Manufacturers National Bank

NORTHBOROUGH.............Northborough National Bank

NORTH BROOKFIELD.... North Brookfield Nat’l Bank

NORTH EASTON...............First National Bank of Easton
MANSFIELD........................First National Bank

MARBLEHEAD...................National Grand Bank

MARLBORO.........................First National Bank
Peoples National Bank

NORTHFIELD.....................Northfield National Bank

NORWOOD...........................Norwood Trust CompanyX'”

ORANGE............................... Orange National Bank
MEDFORD........................... First National Bank in Medford

M ERRIM AC.........................First National Bank

PALMER............................... Palmer National Bank

M E TH U E N ..........................Methuen National Bank

PEABODY............................ Warren National Bank

M ILFORD.............................Milford Nat’l Bank and Tr. Co.

PITTSFIELD........................Agricultural National Bank
Pittsfield Third National Bank
and Trust Company

MONSON.............................. Monson National Bank

NANTUCKET......................Pacific National Bank

PLYMOUTH.........................Old Colony National Bank
Plymouth National Bank

NEEDHAM...........................Needham National Bank

PROVINCETOWN.............. First National Bank




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M A S S A C H U S E T T S — Member Banks— Continued
WAREHAM.........

National Bank of Wareham

WATERTOWN....

Union Market National Bank

WEBSTER............

First National Bank

WELLESLEY.......

Wellesley National Bank

SOMERVILLE......................Somerville Trust Company^

WESTBOROUGH.

First National Bank

SOUTHBRIDGE.................. Southbridge National Bank

WESTFIELD......

First National Bank
Hampden Nat’l Bk. and Tr. Co.

WHITINSVILLE

Whitinsville National Bank

QUINCY................................ National Mt. Wollaston Bank
Quincy Trust C o m p a n y /’
ROCKPORT.........................ilockport National Bank
SALEM.................................. Merchants National Bank
,
Naumkeag Trust Company '
SHELBURNE FALLS.........Shelburne Falls National Bank

SOUTH DEERFIELD........ Produce National Bank
SPENCER............................. Spencer National Bank
W HITMAN........................... Whitman National Bank
SPRINGFIELD.................... Springfield National Bank
Third Nat’l Bank and Tr. Co.

WILLIAMSTOWN...............Williamstown National Bank

STOCKBRIDGE.................. Housatonic National Bank
WINCHENDON.................. First National Bank
TAUNTON............................ Machinists National Bank
TOWNSEND........................ Townsend National Bank
TURNER FALLS................ Crocker National Bank

WINCHESTER.................... Winchester National Bank
Winchester Trust Company ^

WOBURN..............................Woburn National Bank

UXBRIDGE..........................Blackstone National Bank

WORCESTER.......................Mechanics National Bank
Worcester County National Bk.

VINEYARD HAVEN......... Martha’s Vineyard National Bk.
of Tisbury

W RENTHAM.......................National Bank of Wrentham

WALTHAM...........................Waltham National Bank

YARMOUTHPORT.............First Nat’l Bank of Yarmouth




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M A S S A C H U S E T T S — Non-Member Banks

ARLINGTON............................Menotomy Trust Company

LEXINGTON

.Lexington Trust Company

ATTLEBORO............................ Attleboro Trust Company

LYNN

.Essex Trust Company
Lynn Safe Deposit & Tr. Co.

BEVERLY..................................Beverly Trust Company
M A L D E N ..................................Malden Trust Company
BILLERICA..............................Billerica Trust Company
MANCHESTER.........................Manchester Trust Company
BOSTON....................................Banca Commerciale Italiana
Trust. Company
Bank of Nova Scotia
Boston Safe Deposit &Tr. Co.
Columbia Trust Company
^ Fiduciary Trust Company
« Harris Forbes Trust Company
Stabile Bank & Trust Co.
Union Trust Company

M IL T O N ....................................Blue Hill Bank & Trust Co.

BRIDGEWATER .................... Bridgewater Trust Company

N A T IC K ....................................Natick Trust Company

BROOKLIN£r............................Boulevard Trust Company
Brookline Trust Company

NEEDHAM................................Needham Trust Company

CAMBRIDGE .......................... Cambridge Trust Company
University Trust Company

NORTH ADAMS .................... North Adams Trust Company

M A Y N A R D .............................. Maynard Trust Company
MELROSE..................................Melrose Trust Company
MIDDLEBOROUGH.............. Middleborough Trust Co.

PITTSFIELD............................Berkshire Trust Company
CANTON....................................Canton Trust Company
Q U IN C Y ....................................Granite Trust Company
CHATHAM................................Chatham Trust Company
RANDOLPH ............................Randolph Trust Company
CHELSEA..................................Chelsea Trust Company

ROCKLAND..............................Rockland Trust Company

CHICOPEE...............................Cabot Trust Company

SAUGUS......................................Saugus Trust Company

CLIN TON ................................. Clinton Trust Company

SPRINGFIELD ........................ Springfield Safe Deposit and
Trust Company
Union Trust Company

EVERETT..................................Everett Bank & Trust Co.
STONEHAM .............................Stoneham Trust Company
FALL RIVER........................ ;...Fall River Trust Company
STOUGHTON............................Stoughton Trust Company
FRAMINGHAM ...................... Framingham Trust Company

TAU NTON................................Bristol County Trust Co.

G A R D N E R ................................Gardner Trust Company

WAKEFIELD............................ Wakefield Trust Company

H A RW IC H ................................ Cape Cod Trust Company

WALPOLE..................................Walpole Trust Company

HAVERHILL............................ Haverhill Trust Company
H IN G H AM ................................Hingham Trust Company

W A R E ........................................Ware Trust Company
WELLESLEY HILLS.............. Wellesley Trust Company
WEST SPRINGFIELD...........West Springfield Trust Co.

H O LYO KE................................Hadley Falls Trust Co.
W EYMOUTH............................ Weymouth Trust Company
HYANNIS..................................Hyannis Trust Company

W IN TH RO P.............................. Winthrop Trust Company

LAWRENCE.............................. Arlington Trust Company

W O RCESTER.......................... Skandia Trust Company




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N E W H A M P S H I R E — Member Banks

BERLIN........................................ City National Bank

LANCASTER............................Lancaster National Bank

BRISTOL...................................... First National Bank

LEBANON ................................National Bank of Lebanon

CHARLESTOW N ......................Connecticut River Nat’l Bank
C LA R E M O N T............................ Peoples National Bank
COLEBROOK.............................. Colebrook National Bank
Farmers & Traders Nat’l Bank
CONCORD .................................. First National Bank
Mechanics National Bank
National State Capital Bank
CONWAY ....... r.......................... Carroll County Trust Co.
D E R R Y .........................................First National Bank
D O V E R ........................................ Merchants National Bank
Strafford National Bank
EAST JAFFREY........................Monadnock National Bank
E X E T E R ..................................... Rockingham National Bank
F R A N K L IN ................................ Franklin National Bank
G O R H A M .................................... White Mountain Nat’l Bank
H AN O V E R.................................. Dartmouth National Bank

LITTLETON ............................Littleton National Bank
MANCHESTER........................ Amoskeag National Bank
Manchester National Bank
Merchants National Bank
M ILFO R D ................................ Souhegan National Bank
NASHUA....................................Indian Head National Bank
Second National Bank
NEW M A R K E T .................... ..New Market National Bank
NEW PORT................................Citizens National Bank
First National Bank
PETERBOROUGH.................. First National Bank
PITTSFIELD............................ Pittsfield National Bank
PLYMOUTH..............................Pemigewasset National Bank
PORTSMOUTH....................... First National Bank
New Hampshire Nat’l Bank
SOMERSWORTH.....................First National Bank
Somersworth National Bank

HILLSBOROUGH......................First National Bank

TILTON......................................Citizens National Bank
K E E N E ........................................ Ashuelot-Citizens Nat’l Bank
Cheshire National Bank
Keene National Bank

W IL T O N ....................................Wilton National Bank
W IN CH ESTER ........................ Winchester National Bank

LA C O N IA .................................... Laconia National Bank
Peoples National Bank

WOLFEBORO.......................... Wolfeboro National Bank

LAKEPO RT................................Lakeport National Bank

WOODSVILLE.......................... Woodsviile National Bank

N E W H A M P S H I R E — Non-Member Banks

BERLIN......................................Berlin Savings Bank & Tr. Co.

NASHUA....................................Nashua Trust Company

E XE TE R ....................................Exeter Banking Company

NORTH CONWAY ............. North Conway Loan & Banking
Company

LANCASTER............................ Lancaster Trust Company
ROCHESTER............................ Rochester Trust Company
MANCHESTER........................ Amoskeag Trust Company
Manchester Safety Deposit
and Trust Company

SUNCOOK................................ Suncook Bank

MEREDITH.............................. Meredith Trust Company

W HITEFIELD.................. .....Whitefield Savings Bank and
Trust Company




SALMON F A L L S.................... Salmon Falls Bank

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

Authority

.ft. 1 0 5 0 1

R H O D E ISLAND— Member Banks
ASHA W A Y

.Ashaway National Bank

SLATERSVILLE........................ First Nat’l Bank of Smithfield

NEWPORT

..Aquidneck National Exch.
Bank & Savings Company
Newport National Bank

WEST W ARW ICK

PROVIDENCE

.Blackstone Canal Nat’l Bank
Industrial Trust Company ^
Mechanics National Bank
National Bank of Commerce
and Trust Company
Phenix National Bank
Providence National Bank
Rhode Island Hospital Tr. C o .^ '
Union Trust Company

.Centreville National Bank of
Warwick

R H O D E ISLAND— Non-Member Banks
GREENVILLE............................ Greenville Trust Company

W AKEFIELD.............................. Wakefield Trust Company

N E W PO RT.................................. Newport Trust Company

WESTERLY .............................. Washington Trust Company

P H E N IX .......................................Phenix Trust Company

WOONSOCKET.......................... Woonsocket Trust Company

PROVIDENCE............................ High Street Bank & Tr. Co.
Lincoln Trust Company

V E R M O N T — Member Banks
BENNIN GTON ..........................County National Bank
First National Bank

NORTHFIELD ..........................Northfield National Bank
ORWELL.......................................First National Bank

BRANDON...................................First National Bank
RANDOLPH................................ Randolph National Bank
BURLINGTON.......................... Howard Nat’l Bank & Tr. Co.
Merchants National Bank
CHESTER.....................................National Bank of Chester

R IC H FO R D ................................ Richford National Bank
RU TLAND .................................. Killington National Bank
Rutland County Nat’l Bank

DANVILLE.................................. Caledonia National Bank
SPRINGFIELD..........................First National Bank
DERBY LIN E ............................ National Bank of Derby Line
FAIR H A V E N ............................ Allen National Bank
First National Bank
MANCHESTER CENTRE..... Factory Point National Bank
M IDDLEBURY.......................... National Bank of Middlebury

NORTH BENNINGTON...... First National Bank




ST. JOHNSBURY...................... First National Bank
Merchants National Bank
VERGENNES.............................. National Bank of Vergennea
WELLS RIVER.......................... National Bank of Newbury
W H ITE RIVER JCT................First National Bank

WOODSTOCK........................ Woodstock National Bank

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

Authority

(osoi

V E R M O N T — Non-Member Banks

NONE

V E R M O N T — Non-Member Banks
Operating with Restrictions
BARRE .................................. Barre Trust Company
Granite Savings Bank & Tr. Co.
Quarry Savings Bank & Tr. Co.

NEWPORT........................... Orleans Trust Company
NORTHFIELD.....................Northfield Trust Company

BARTON............................... Barton Savings Bank & Tr. Co.
NORTH TROY.................... Valley Savings Bank & Tr. Co.
BELLOWS FALLS.............. Bellows Falls Trust Company
ORLEANS............................. Central Savings Bank & Tr. Co.
BRATTLEBORO..................Brattleboro Trust Company
PROCTOR.............................Proctor Trust Company
BURLINGTON.................... Burlington Trust Company
Chittenden County Trust Co.
RICHFORD.......................... Richford Savings Bank & Tr. Co.
ENOSBURG FALLS........... Enosburg Falls Bank & Tr. Co.
RUTLAND............................Rutland Trust Company
State Trust Company
ESSEX JUNCTION............ Essex Trust Company

HYDE PARK.......................Lamoille County Savings Bank
and Trust Company

ST. ALBANS........................ Franklin County Savings Bank
and Trust Company
Peoples Trust Company

JOHNSON............................. Sterling Trust Company

ST. JOHNSBURY............... Citizens Savings Bk. & Tr. Co.

LYDONVILLE.

SWANTON............................Swanton Savings Bk. & Tr. Co.

.Lydonville Savings Bank and
Trust Company

WATERBURY.
M IDDLEBURY................... Addison County Trust Company,
Inc.

.Waterbury Savings Bank and
Trust Company

MONTPELIER.................... Capital Savings Bank & Tr. Co.

WHITE RIVER JCT..........Hartford Savings Bk. & Tr. Co.
Inter-State Trust Company

MORRISVILLE....................Union Savings Bank & Tr. Co.

WINDSOR.............................Windsor County Trust Co.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

p.d.

(0501

F E D E R A L R ESER VE BANK O F B
BOSTON, M A S SA CH U SETT

March 28, 1933.

To All Banks
First Federal Reserve District:
Under authority conferred upon him by the President’s proclamations of March 6
and 9, 1933,^ declaring and continuing bank holidays, the Secretary of Treasury
has issued following regulation:
"Banking institutions which are members of the Federal Reserve System and
of which actual possession and control have been taken (A) by Conservators
appointed pursuant to the act of March 9, 1933, or (B) by appropriate State
officials appointed pursuant to State law, as permitted by the President’s
Executive Order of March 18, 1933, are permitted to transact such limited
banking functions as may be authorized in accordance with law by the
Comptroller of the Currency, in the case of National banks, or by the
appropriate State officials, in the case of State member banks: provided,
however, that no such banking institution shall reopen for the performance
of its usual and normal functions until it shall have received a license
from the Secretary of the Treasury. This regulation shall not authorize
any transaction with respect to the export or paying out of gold or gold
certificates, withdrawal of currency for hoarding or transactions in foreign
exchange prohibited or restricted by the Executive Order of March 10, 1933."
(Regulation 30)




Reproduced from the Unclassified I Declassified Holdings of the National Archives




DECLASSIFIED
Authority ^ <0- (0 -^)

EB 2 81945
7 1 0 , - O /'/
■v J

Federal

Reserve

OF

Bank

BOSTON

List of member and non-member banks in First Federal
Reserve District licensed to re-open March 16, 1933 March 22, 1933. Also List of non-member banks operat­
ing with restrictions. Information as to non-member banks
compiled from best information available to date.
This
list is a supplement to our list dated March 16, 1933.

MARCH 23, 1933

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority 'jr .D . ( 0 5 0 1

C O N N E C T I C U T — Member Banks
Additions to List Published March 16, 1933

CANAAN...............................Canaan National Bank
CLINTON

Clinton National Bank

MIDDLETOWN

Central National Bank of Mid­
dletown

PLAINFIELD...................... First National Bank
PUTNAM.............................. Citizens National Bank

Middletown National Bank

C O N N E C T I C U T — Non-Member Banks
Additions to List Published March 16, 1933

NEW HAVEN.

Community Bank and Tr. Co.

PUTNAM.............................. Cargill Trust Company

C O N N E C T I C U T — Non-Member Banks
Operating on a Percentage Restriction

MILFORD.............................Milford Trust Company

NEW LONDON...................Winthrop Trust Company

M A I N E — Member Banks
Additions to List Published March 16, 1933

AUGUSTA

First National Granite Bank

FARMINGTON.

First National Bank
Peoples National Bank

GARDINER

National Bank of Gardiner

LEWISTON...........................First National Bank
NORTH BERW ICK........... North Berwick National Bank

M A I N E — Non-Member Banks
Additions to List Published March 16, 1933

AUGUSTA

.Augusta Trust Company
State Trust Company

DANFORTH

Danforth Trust Company

GARDINER.

.Gardiner Trust Company
Maine Trust and Banking Co.

LINCOLN..............................Lincoln Trust Company
PATTEN................................Katahdin Trust Company
WASHBURN........................ Washburn Trust Company




WATERVILLE.....................Federal Trust Company

from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

M A S S A C H U S E T T S — Member Banks
Additions to List Published March 16, 1933
BRAINTREE

Braintree National Bank

METHUEN...........................Methuen National Bank

DANVERS

Danvers National Bank

NORTH ADAMS.................North Adams National Bank

GARDNER

First National Bank

WALTHAM.......................... Waltham National Bank

M A S S A C H U S E T T S — Non-Member Banks
Additions to List Published March 16, 1933
BILLERICA..........................Billerica Trust Company

PITTSFIELD........................Berkshire Trust Company

CLINTON............................. Clinton Trust Company

RANDOLPH......................... Randolph Trust Company

MAYNARD

STONEHAM.........................Stoneham Trust Company

Maynard Trust Company

N E W H A M P S H I R E — Member Banks
Additions to List Published March 16, 1933
CONWAY..............................Carroll County Trust Company

MILFORD.............................Souhegan National Bank

DOVER..................................Merchants National Bank

NASHUA............................... Second National Bank

EXETER............................... Rockingham National Bank

PORTSMOUTH....................New Hampshire National Bank

LAKEPORT..........................Lakeport National Bank

WOLFEBORO...................... Wolfeboro National Bank

N E W H A M P S H I R E — Non-Member Banks
Additions to List Published March 16, 1933
NORTH CONWAY




North Conway Loan & Banking
Company

SUNCOOK.

R H O D E ISLAND— Member Banks
Additions to List Published March 16, 1933
NO ADDITIONS

R H O D E ISLAND— Non-Member Banks
Additions to List Published March 16, 1933
NO ADDITIONS

Suncook Bank

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

Authority

A)» (0 -7^1

V E R M O N T — Member Banks
Additions to List Published March 16, 1933
SPRINGFIELD.................... First National Bank

BENNINGTON....................First National Bank
RUTLAND............................Rutland County National Bank

V E R M O N T — Non-Member Banks
Additions to List Published March 16, 1933
NO ADDITIONS

V E R M O N T — Non-Member Banks
Operating with Restrictions
BARRE.................................. Barre Trust Company
Granite Savings Bank & Tr. Co.
Quarry Savings Bank & Tr. Co.
BARTON............................... Barton Savings Bank & Tr. Co.
BELLOWS FALLS.............. Bellows Falls Trust Company
BRATTLEBORO..................Brattleboro Trust Company

MORRISVILLE..................... Union Savings Bank & Tr. Co.
NEWPORT..............................Orleans Trust Company
NORTHFIELD...................... Northfield Trust Company
NORTH TROY......................Valley Savings Bank & Tr. Co.
ORLEANS............................... Central Savings Bank & Tr. Co.
PROCTOR...............................Proctor Trust Company

BURLINGTON.................... Burlington Trust Company
Chittenden County Trust Co.

RICHFORD

ENOSBURG FALLS........... Enosburg Falls Bank & Tr. Co.

RUTLAND.............................. Rutland Trust Company

Richford Savings Bank & Tr. Co.

State Trust Company

ESSEX JUNCTION............ Essex Trust Company
HYDE PARK...................... Lamoille County Savings Bank
and Trust Company
JOHNSON............................. Sterling Trust Company
LYDONVILLE..................... Lydonville Savings Bank and
Trust Company

ST. ALBANS..........................Franklin County Savings Bank
and Trust Company
Peoples Trust Company
ST. JOHNSBURY.................Citizens Savings Bk. & Tr. Co.
SWANTON..............................Swanton Savings Bk. & Tr. Co.
W ATERBURY....................... Waterbury Savings Bank and
Trust Company

MIDDLEBURY................... Addison County Trust Company,
Inc.

WHITE RIVER JCT.......... Hartford Savings Bk. & Tr. Co.

MONTPELIER.................... Capital Savings Bank & Tr. Co.

WINDSOR...............................Windsor County Trust Co.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

(056)

13
F E D E R A L R ESER V E BANK O F BOSTO
BOSTON, M ASSACH USETTS.
l

March 22, 1933.

To All Banks
First Federal Reserve District:
Under authority conferred upon him by President’s proclamation of March 6
and 9, 1933, declaring and continuing "bank holidays, the Secretary of Treasury
has issued the following regulation:
"Any banking institution which is a member of the Federal Reserve System and
is not licensed to perform usual banking functions may rediscount or pledge
with another banking institution renewals of notes which were previously
rediscounted or pledged with such other banking institution."




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority f c f l . ( 0 5 0 1

12
F E D E R A L R ESER V E BANK O F BOSTOt* R'B

WTOSt smXOl

BOSTON, M ASSACH USETTS.
l

March 21, 1933.

To All Banks
First Federal Reserve District:
The Secretary of Treasury has issued the following statement:
"Regulation No. 27 is interpreted to permit any hanking institution
acting thereunder to carry on such usual hanking functions as may he
essential to permit restricted withdrawals and payments authorized
hy such regulation, subject to all of the provisions and restrictions
therein contained and except as otherwise prohibited." Designated as
Interpretation No. 12.




Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

ft.

(0561

F E D E R A L R ESER V E BANK O F BOSTON

11

BOSTON, M ASSACH USETTS.
l

March 19, 1933
To All Banks
First Federal Reserve District;
The President has today issued the following Executive Order:
"Whenever the appropriate authority having immediate supervision of any banking
institution located in any State or place subject to the jurisdiction of the
United States, which is a member of the Federal Reserve System and which has not
been licensed by the Secretary of the Treasury to resume its usual banking func­
tions, shal-1 deem it necessary or advisable in order to conserve the assets of
such banking institution for the benefit of the depositors or other creditors,
such authority may, in accordance with the provisions of the applicable laws of
such State or place, appoint such appropriate official as may be authorized
lender such laws to conserve the assets^ of such banking institution pending fur­
ther disposition of its business as provided by such laws. This order shall
not authorize any such member bank to reopen for the performance of usual and
normal functions until it shall have received a license from the Secretary of
the Treasury as provided in Executive Order of March 10*, 1933.*'

Under authority conferred upon him by President's proclamations of March 6 and
9, 1933 declaring and continuing bank holidays, Secretary of Treasury has issued
the following regulation:
"Deposits of the kinds described in regulations number 7 (Refer our Circular 1,
March 6, 1933, Page 2) number 15 (Refer our Circular #3, March 8, 1933, Page 2,
last paragraph) are not subject to the provisions of regulation number 23 (Refer
our Circular 8, March 13, 1933, Page 1, second paragraph)"

Under authority conferred upon him by the President's proclamations of March 6,
1933 and of March 9, 1933, declaring and continuing bank holidays, the Secretary
of the Treasury has issued the following regulation:
"After the close of business on March 18, 1933, Treasury Regulation No. 6 (Refer
our Circular 1, March 6, 1933, Page 1, last paragraph) and Treasury regulation
No. 10, (Refer our Circular 2, March 7, 1933, Page 1, last paragraph) as amended,
(Refer our Circular 3, Page 2, Circular 4, Page 1, 2nd and 4th items, and Circular
9, Page 2) without force or effect to authorize any banking transaction therein
referred to."

Secretary of Treasury has issued following statement to the Press:
"A number of inquiries have been made at the Treasury Department as to whether
a prohibition exists upon proper commercial dealings in Silvery during the Banking
Emergency.
No regulations have been issued restricting export or other trans­
actions in Silver, except for limitations affecting withdrawals by depositors for
hoarding and restrictions on banks not permitted to reopen."




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

a . 10501

FE D E R A L R ES ER V E BANK O F BOSTON

11

BOSTON, M ASSACH USETTS.
2

Under authority conferred upon him by the President's proclamations of March 6,
1933, and of March 9, 1933, declaring and continuing hank holidays, and the
Executive Order of March 10, 1933, Secretary of the Treasury has issued the
following regulation:
"Any State hanking institution which is a member of the Federal Reserve System
and which is not licensed by the Secretary of the Treasury to reopen for the
performance of usual banking functions may, with the approval of the appropriate
State authority having immediate supervision of such banking institution,
permit withdrawals by depositors and make payments to creditors of such
percentage of the amounts due to them (not exceeding 5 percent) as it may
determine, provided that at or before the time of such withdrawal or payment it
shall set aside and make available for such purpose a fund for the benefit of
and sufficient to pay to all depositors and creditors the percentage so
determined. This regulation shall not in any way affect any right created by
regulation number 7 (Refer our Circular 1, March 6, 1933, Page 2) nor limit
or restrict any payment thereby authorized.
Any right to authorize withdrawals
or payments under the terms of this regulation shall terminate upon the appoint­
ment of any conservator, receiver or other appropriate State official taking
charge of the affairs of such hanking institutions.”




Reproduced from the Unclassified I Declassified Holdings of the National Archives




DECLASSIFIED
Authority

Y-\).

(0501

—

Federal

Reserve

OF

Bank

BOSTON

List of Member and Non-member Banks in First Federal
Reserve District Licensed to Reopen March 13, 14 and 15,
1933. Non-member Bank List Compiled by Federal Reserve
Bank of Boston from Best Information Available to Date.

MARCH 16. 1933

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ D - ( 0 5 0 1

C O N N E C T I C U T — Member Banks

ANSONIA..............................Ansonia National Bank
DANIELSON........... ............ Windham County Nat’l Bank

NEW LONDON...................National Bank of Commerce
National Whaling Bank
New London City Nat’l Bank

DEEP RIVER...................... Deep River National Bank

NEW MILFORD.................First National Bank

DERBY..................................Birmingham Nat’l Bank

NORWICH............................Uncas-Merchants Nat’l Bank

EAST HADDAM.................Nat’l Bank of New England

PLANTSVILLE.................... Plantsville National Bank

ESSEX................................... Essex Nat’l Bank

ROCKVILLE........................ Rockville National Bank

FALLS VILLAGE................National Iron Bank

SHARON............................... Sharon National Bank

HARTFORD......................... Capitol Nat’l Bank & Trust Co.
First National Bank

STAFFORD SPRINGS.......First National Bank

Hartford Nat’l Bank & Tr. Co.
Phoenix State Bank & Tr. Co.

STONINGTON.....................First National Bank

LITCH FIELD...................... First National Bank
MERIDEN............................First National Bank
Home National Bank
Meriden National Bank

SUFFIELD............................First National Bank

THOMASTON...................... Thomaston National Bank

TORRINGTON.................... Torrington Nat’l Bank & Tr. Co.
MIDDLETOWN.................. First National Bank
WALLINGFORD................. First National Bank
MYSTIC................................ Mystic River National Bank
NAUGATUCK......................Naugatuck Nat’l Bank

W ATERBURY..................... Citizens and Manuf. Nat’l Bank
Colonial Trust Company
Waterbury National Bank

NEW BRITAIN...................New Britain National Bank
W ILLIM ANTIC...................Windham National Bank
NEW HAVEN...................... First Nat’l Bank and Trust Co.
New Haven Bank NBA




Second National Bank

WINSTED.............................First National Bank
Hurlbut National Bank

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

. (0 S O |

C O N N E C T I C U T — Non-Member Banks
BRANFORD

Branford Trust Company
Branford Peoples Bk. & Tr. Co.

BRISTOL

Bristol Bank and Trust Co.
Northside Bank and Trust Co.

NEW HARTFORD............. New Hartford Trust Company
NEW HAVEN...................... American Bank and Trust Co.
Union and New Haven Trust Co.
NEW LONDON................... Union Bank and Trust Company

BROAD BROOK................. Broad Brook Bank and Tr. Co.
NORWICH............................ Thames Bank and Trust Co.
CHESTER............................. Chester Trust Co.
PLAINVILLE....................... Plainville Trust Company
DANIELSON........................ Killingly Trust Company
DERBY..................................Home Trust Company

PORTLAND..........................Portland Trust Company

EAST HAMPTON...............East Hampton Bank & Tr. Co.

SEYMOUR............................ Seymour Trust Company

EAST HARTFORD.............East Hartford Trust Company

SIMSBURY...........................Simsbury Bank and Trust Co.

ESSEX....................................Bankers Trust Company

SOUTHINGTON..................Southington Bank and Tr. Co.

GLASTONBURY................. Glastonbury Bank & Trust Co.

TERRYVILLE......................Terryville Trust Company

GUILFORD..

Guilford Trust Company

THOMPSONVILLE.............Thompsonville Trust Company

HARTFORD

Bankers Trust Company
Connecticut River Banking Co.

TOLAND............................... Savings Bank of Toland

Hartford, Connecticut Tr. Co.
Park Street Trust Company
Riverside Trust Company
South End Bank and Trust Co.
Travellers Bank and Trust Co.

TORRINGTON.................... Brooks Bank and Trust Co.

WALLINGFORD................. Wallingford Bank & Trust Co.

WATERBURY......................Waterbury Trust Company
JEWETT C IT Y ................... Jewett City Trust Company
WATERTOWN.....................Watertown Trust Company
LAKEVILLE.........................Salisbury Bank and Trust Co.
WEST HARTFORD........... West Hartford Trust Company
MADISON.............................Madison Trust Company
WETHERSFIELD...............Wethersfield Bank and Tr. Co.
M ERIDEN............................ Puritan Bank and Trust Co.
W ILLIM ANTIC...................Willimantic Trust Company
MOOSUP............................... Moosup Trust Company
NEW BRITAIN................ New Britain Trust Company




WINDSOR............................ Windsor Trust Company

Keproaucea rrom tne unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

a ).

(0501

M A I N E — Member Banks

BANGOR................................Merchants National Bank

KEZAR FALLS............ ....... Kezar Falls National Bank'

BAR HARBOR.................... First National Bank

LEWISTON...........................Manufacturers National Bank

BATH.....................................Bath National Bank

PHILLIPS..............................Phillips National Bank

First National Bank
PORTLAND..........................Canal National Bank
Portland National Bank
BETHEL................................Bethel National Bank
RLTMFORD........................... Rumford National Bank
BIDDEFORD....................... First National Bank
SACO......................................York National Bank
HOULTON............................ First National Bank

KENNEBUNK..................... Ocean National Bank

SANFORD.............................Sanford Trust Company
SKOWHEGAN......................First National Bank

M A I N E — Non-Member Banks

AUBURN...............................First Auburn Trust Company

LIVERMORE FALLS.........Livermore Falls Trust Company

BANGOR............................... Eastern Trust and Banking Co.
Merrill Trust Company

LUBEC.................................. Lubec Trust and Banking Co.
MILLINOCKET.................. Millinocket Trust Company

BAR HARBOR.................... Bar Harbor Banking and Tr. Co.
NEWPORT............................Newport Trust Company
BATH..................................... Bath Trust Company
RANGELY............................ Rangely Trust Company
BIDDEFORD....................... Pepperell Trust Company

ROCKLAND.........................Security Trust Company

GUILFORD...........................Guilford Trust Company

RUMFORD........................... Rumford Falls Trust Company

LEWISTON...........................Lewiston Trust Company

WILTON................................Wilton Trust Company




Reproduced from the Unclassified I Declassified Holdings of the National Archives

declassified

Authority

p

(Q 5 0 1

M A S S A C H U S E T T S — Member Banks

ABINGTON..........................Abington National Bank
ADAMS..................................First National Bank
Greylock National Bank
AMESBURY......................... Powow River National Bank
AMHERST............................First National Bank
ANDOVER............................Andover National Bank
ARLINGTON....................... Arlington National Bank
ATTLEBORO....................... First National Bank

A YER..................................... First National Bank

CONCORD............................ Concord National Bank
CONWAY.............................. Conway National Bank
DEDHAM..............................Dedham National Bank
EASTHAMPTON.................First National Bank
EDGARTOWN..................... Edgartown National Bank
EVERETT.............................Everett National Bank
FAIRHAVEN........................National Bank of Fairhaven
FALL RIVER.

.BMC Durfee Trust Company
Fall River National Bank

BARRE.................................. Second National Bank
FALMOUTH.........................Falmouth National Bank
BEVERLY.............................Beverly National Bank

BOSTON.

Day Trust Company
Merchants National Bank
National Rockland Bank
National Shawmut Bank
New England Trust Company
Old Colony Trust Company
Second National Bank
State Street Trust Company
The First Nat’l Bank of Boston
United States Trust Company
Webster & Atlas Nat’l Bank

FITCHBURG........................Safety Fund National Bank
FOXBOROUGH................... Foxboro National Bank
FRAMINGHAM.................. Framingham National Bank

GLOUCESTER.....................Cape Ann National Bank
Gloucester National Bank
Gloucester Safe Dep. and Tr. Co.
GREAT BARRINGTON.... National Mahaiwe Bank

GREENFIELD
BROCKTON

Brockton National Bank
Home National Bank

Franklin County Trust Co.

HAVERHILL..

.Haverhill National Bank
Merrimac National Bank

HOLYOKE.

Holyoke National Bank
Park National Bank

HOPKINTON

Hopkinton National Bank

BUZZARDS BAY................ Buzzards Bay National Bank

CAMBRIDGE

CHELSEA




.Harvard Trust Company
Lechmere National Bank

Broadway National Bank

First National Bank & Trust Co.

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

MASSACHUSETTS

HUDSON...............................Hudson National Bank

HYANNIS............................. Barnstable County Nat’l Bank

p x )-

IQSQI

Member Banks (Continued)
NEEDHAM.......................... Needham National Bank
NEW BEDFORD................ First National Bank
Merchants National Bank
Safe Deposit National Bank

IPSWICH.............................. First National Bank
NEWBURYPORT................First and Ocean National Bank
Merchants National Bank
LEE........................................Lee National Bank

LENOX..................................Lenox National Bank

NEWTON..............................Newton National Bank
Newton Trust Company

LEOMINSTER.....................Merchants National Bank

NORTHAMPTON............... First National Bank
Northampton National
and Trust Company

LOWELL............................... Appleton National Bank
Union Old Lowell National Bank

NORTH ATTLEBORO

LYNN.................................... Central National Bank
Manufacturers National Bank
National City Bank
Security Trust Co.

Bank

Manufacturers National Bank

NORTHBOROUGH.............Northborough National Bank

NORTH BROOKFIELD.... North Brookfield Nat’l Bank

NORTH EASTON............... First National Bank of Easton
MALDEN.............................. First National Bank
Second National Bank

NORTHFIELD.....................Northfield National Bank

MANSFIELD........................First National Bank

NORWOOD...........................Norwood Trust Company

MARBLEHEAD...................National Grand Bank

ORANGE...............................Orange National Bank

MARLBORO.........................First National Bank
Peoples National Bank

PALMER...............................Palmer National Bank

MEDFORD............................First National Bank in Medford

PITTSFIELD........................Agricultural National Bank
Pittsfield Third National Bank
and Trust Company

MERRIMAC.........................First National Bank
PLYMOUTH.........................Old Colony National Bank
Plymouth National Bank
MILFORD.............................Milford Nat’l Bank and Tr. Co.
PROVINCETOWN.............. First National Bank
MONSON.............................. Monson National Bank

NANTUCKET......................Pacific National Bank




QUINCY................................ National Mt. Wollaston Bank
Quincy Trust Company

Keproaucea rrom tne unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

x). ( 0 5 0 1

M A S S A C H U S E T T S — Member Banks— Continued

ROCKPORT..........................Rockport National Bank

WAREHAM.........

National Bank of Wareham

SALEM.................................. Merchants National Bank
Naumkeag Trust Company

WATERTOWN....

Union Market National Bank

WEBSTER............

First National Bank

WELLESLEY.......

Wellesley National Bank

WESTBOROUGH

First National Bank

WESTFIELD......

First National Bank
Hampden Nat’l Bk. and Tr. Co.

SPENCER............................. Spencer National Bank

WHITINSVILLE

Whitinsville National Bank

SPRINGFIELD.................... Springfield National Bank
Third Nat’l Bank and Tr. Co.

W HITM AN........................... Whitman National Bank

SHELBURNE FALLS........ Shelburne Falls National Bank
SOMERVILLE......................Somerville Trust Company
SOUTHBRIDGE...... - ......... Southbridge National Bank
SOUTH DEERFIELD........ Produce National Bank

W'lLLIAMSTOWN.............. Williamstown National Bank
STOCKBRIDGE.................. Housatonic National Bank
WINCHENDON.................. First National Bank
TAUNTON............................Machinists National Bank
TOWNSEND........................ Townsend National Bank

WINCHESTER.................... Winchester National Bank
Winchester Trust Company

TURNER FALLS................ Crocker National Bank

WOBURN..............................Woburn National Bank

UXBRIDGE.......................... Blackstone National Bank

WORCESTER...................... Mechanics National Bank
Worcester County National Bk.

VINEYARD HAVEN......... Martha’s Vineyard National Bk.
of Tisbury




YARMOUTHPORT.............First Nat’l Bank of Yarmouth

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority JjlZ a .

losoi

M A S S A C H U S E T T S — Non-Member Banks
ARLINGTON............................Menotomy Trust Company

LYNN................................

Essex Trust Company
Lynn Safe Deposit & Tr. Co.

ATTLEBORO............................ Attleboro Trust Company
M A L D E N ................. ' .............. Malden Trust Company
BEVERLY..................................Beverly Trust Company
MANCHESTER........................ Manchester Trust Company
BOSTON....................................Banca Commerciale Italiana
Trust Company
Bank of Nova Scotia
Boston Safe Deposit &Tr. Co.
Columbia Trust Company
Fiduciary Trust Company
Harris Forbes Trust Company
Stabile Bank & Trust Co.
Union Trust Company

MELROSE..................................Melrose Trust Company
MIDDLEBOROUGH.............. Middleborough Trust Co.
M IL T O N ....................................Blue Hill Bank & Trust Co.
N A T IC K ....................................Natick Trust Company

BRIDGEWATER .................... Bridgewater Trust Company

NEEDHAM................................Needham Trust Company

BROOKLINE............................Boulevard Trust Company
Brookline Trust Company

NORTH ADAMS .................... North Adams Trust Company
Q U IN C Y .................................... Granite Trust Company

CAMBRIDGE .......................... Cambridge Trust Company
University Trust Company

ROCKLAND..............................Rockland Trust Company

CANTON....................................Canton Trust Company

SAUGUS......................................Saugus Trust Company

CHATHAM ................................Chatham Trust Company
CHELSEA..................................Chelsea Trust Company

SPRINGFIELD ........................ Springfield Safe Deposit and
Trust Company
Union Trust Company

EVERETT..................................Everett Bank & Trust Co.

STOUGHTON............................ Stoughton Trust Company

FALL R IVER............................Fall River Trust Company

TAU N TO N ................................Bristol County Trust Co.

FRAMINGHAM ...................... Framingham Trust Company

WAKEFIELD............................ Wakefield Trust Company

G A R D N E R ................................Gardner Trust Company

WALPOLE..................................WTalpole Trust Company

H A R W IC H ................................Cape Cod Trust Company

WARE ........................................Ware Trust Company

HAVERHILL............................Haverhill Trust Company

WELLESLEY HILLS.............. Wellesley Trust Company

H IN GH AM ................................Hingham Trust Company
WEST SPRINGFIELD...........West Springfield Trust Co.
HOLYOKE ................................Hadley Falls Trust Co.
WEYMOUTH............................ Weymouth Trust Company
HYANNIS..................................Hyannis Trust Company
LAWRENCE............. ................ Arlington Trust Company

W INTHROP.............................. Winthrop Trust Company

LEXINGTON............................ Lexington Trust Company

WORCESTER........................... Skandia Trust Company




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

pA).

(Q50I

N E W H A M P S H I R E — Member Banks

BERLIN......................................City National Bank

LANCASTER.................. ......... Lancaster National Bank

BRISTOL....................................First National Bank

LEBANON ................................National Bank of Lebanon

CHARLESTOW N.................... Connecticut River Nat’l Bank

LITTLETON ............................Littleton National Bank

CLA RE M O N T.......................... Peoples National Bank

MANCHESTER........................ Amoskeag National Bank
Manchester National Bank
Merchants National Bank

COLEBROOK............................Colebrook National Bank
Farmers & Traders Nat’l Bank

NASHUA....................................Indian Head National Bank
CON CORD................................First National Bank
Mechanics National Bank
National State Capital Bank

NEW M A R K E T ...................... New Market National Bank

D E R R Y ..................................... First National Bank

NEW PORT................................Citizens National Bank
First National Bank

D O V E R ...............................■......Strafford National Bank
PETERBOROUGH.................. First National Bank
EAST JAFFREY...................... Monadnock National Bank
PITTSFIELD............................Pittsfield National Bank
F R A N K L IN ..............................Franklin National Bank
GO RH AM ..................................White Mountain Nat’l Bank
H ANOVER................................Dartmouth National Bank
HILLSBOROUGH.................... First National Bank
K E E N E ..................................... Ashuelot-Citizens Nat’l Bank
Cheshire National Bank
Keene National Bank

PLYMOUTH..............................Pemigewasset National Bank
SOMERSWORTH.................... First National Bank
Somersworth National Bank
TILTON......................................Citizens National Bank
W ILTO N ....................................Wilton National Bank
W IN CH ESTER........................ Winchester National Bank

LACON IA..................................Laconia National Bank
Peoples National Bank

WOODSVILLE.......................... Woodsville National Bank

NEW HAMPSHIRE- N on-M em ber Banks

BERLIN..................................... Ijerlin Savings Bank <fe Tr. Co.

MEREDITH..............................Meredith Trust Company

E X E T E R ................................... Exeter Banking Company

NASHUA................................... Nashua Trust Company

LANCASTER............................Lancaster Trust Company

ROCHESTER............................Rochester Trust Company

MANCHESTER........................Amoskeag Trust Company




Manchester Safety Deposit
and Trust Company

SALMON F A LLS.................... Salmon Falls Bank
WHITEFIELD.......................... Whitefield Savings Bank and
Trust Company

rceproaucea irom tne unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

IQ5QI

R H O D E ISLAND— Member Banks
A S H A W A Y .................................. Ashaway National Bank

SLATERSVILLE........................First Nat’l Bank of Smithfield

N E W P O R T .................................. Aquidneck National Exch.
Bank & Savings Company
Newport National Bank

WEST W A R W IC K ....................Centreville National Bank of
Warwick

PROVIDENCE............................ Blackstone Canal Nat’l Bank
Industrial Trust Company
Mechanics National Bank
National Bank of Commerce
and Trust Company
Phenix National Bank
Providence National Bank
Rhode Island Hospital Tr. Co.
Union Trust Company

R H O D E ISLAND— Non-Member Banks
GREENVILLE............................ Greenville Trust Company

W AKEFIELD.......... ................... Wakefield Trust Company

N EW PO RT.................................. Newport Trust Company

WESTERLEY.............................. Washington Trust Company

P H E N IX ...................................... Phenix Trust Company

WOONSOCKET.......................... Woonsocket Trust Company

PROVIDENCE............................ High Street Bank & Tr. Co.
Lincoln Trust Company

V E R M O N T — Member Banks
BENN INGTON..........................County National Bank

N O R T H F IE L D ..........................Northfield National Bank

BRANDON.................................. First National Bank

ORWELL...................................... First National Bank

B U R LIN G TO N ..........................Howard Nat’l Bank & Tr. Co.
Merchants National Bank

RANDOLPH................................ Randolph National Bank
R IC H FO R D ................................ Richford National Bank

CHESTER.................................... National Bank of Chester
R U T L A N D .................................. Killington National Bank
DANVILLE.................................. Caledonia National Bank
DERBY L IN E ............................ National Bank of Derby Line

ST. JOHNSBURY......................First National Bank
Merchants National Bank

FAIR H A V E N ............................ Allen National Bank
First National Bank

VERGENNES..............................National Bank of Vergennes

MANCHESTER CENTRE.....Factory Point National Bank

WELLS RIVER.......................... National Bank of Newbury

MIDDLEBURY.......................... National Bank of Middlebury

WHITE RIVER JCT................First National Bank

NORTH B E N N IN G TO N ....... First National Bank

WOODSTOCK............................Woodstock National Bank




V E R M O N T — Non-Member Banks
NONE

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

«l)« t O S O j

to

F E D E R A L R ES E R V E BANK O F BOSTON
BOSTON, M ASSACH U SETTS.
^

o A N 2 7i^3

March 16, 1933.

To All Banks
First Federal Reserve District!
The Secretary of Treasury has issued the following statements.
"In response to many inquiries as to the significance of the appointment of
conservators to hanks of high repute I wish to say that there is no deduction
to he made that such hanks are necessarily in difficulties. There are a lot
of complications, some of them concerning affiliate enterprises, which make
^it impractical for hanks to open to the full extent. It is for the purpose
of insuring that the banks will he put in apple-pie order, pending reorgani­
zation or other necessary processes that conservators in many cases are named.
Moreover, this method makes it possible that the hank so circumstanced will
he able to continue to render service, as for example the receiving of
deposits to he segregated and kept in cash or invested in government bonds
and such like securities. It also enables the conservator to set aside and
make available for withdrawal by depositors and payment to other creditors
on a ratable basis such amounts as in his opinion it is safe to use for
this purpose."

"Passing upon applications of member hanks to reopen for normal banking
functions has taxed the personnel of the Treasury and of the office of the
Comptroller of the Currency. While every possible effort has been made to
act upon all applications, delay in some cases has been found to be inevi­
table. In some cases, also, steps are being taken which as soon as com­
pleted will make it possible for reopening to be licensed. I therefore
wish to direct especial attention to the statement of the President in his
radio address of last Sunday: 'Let me make it clear to you that if your bank
does not open the first day you are by no means justified in believing that
it will not open. A bank that opens on one of the subsequent days is in
exactly the same status as the bank that opens tomorrow.' Additional
licenses will be issued from time to time and the public should understand
that banks hereafter licensed to be opened for normal functions are to be
regarded in the same way as if it had been possible to issue the license
by today."




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

a .

(osoi

FE D E R A L R ESER V E BANK O F BOSTON
BOSTON, M ASSACH USETTS.

9 ___
tWV*.S3I S3S
Z~J U W K

i

March 14, 1933.
To All Banks
First Federal Reserve District:
We have been advised by the Secretary of the Treasury that under authority conferred
upon him by President's proclamations of March 6 and 9, 1933, declaring and
continuing bank holiday, Secretary of Treasury has issued following regulation:
"Pending the" determination by the Treasury Department of a suitable procedure
for licensing the delivery of gold for use in trade, profession or art, Federal
reserve banks are hereby authorized to deliver upon request therefor gold in
amounts deemed by such bank to be reasonably required for legitimate and
customary uses in trade, profession or art, provided such request is accompanied
by affidavit of the person requesting such gold stating the amount of unmanufac­
tured gold on hand and the facts making it necessary to obtain such gold for the
purpose of maintaining employment."
"All banks licensed to open for usual and normal functions are permitted to carry
out any transaction necessary to complete the delivery of any gold authorized
by any Federal Reserve Bank to be delivered in accordance with such request."

Secretary has also issued public statement directing that requests for delivery of
gold for use in trade, profession or art be submitted to Federal Reserve Bank of
the district accompanied by affidavit referred to in regulation, and stating that
accurate records must be kept of disposition of all gold which may be released.

Secretary of Treasury has released following statement to the Press:
"Banking institutions which have not yet been permitted to reopen for normal
and usual functions are still permitted to continue to carry on the limited
activities specified by Regulations 1 to 19."

Under authority conferred upon him by President's proclamations of March 6 and 9, 1933,
declaring and continuing bank holiday. Secretary of Treasury has issued following
regulations 5
"All banking institutions may issue drafts transferring credits from any place
in the United States to any other place in the United States and from any place
in the United States to any place in a foreign country in connection with
payments for domestic and foreign patent, trademark and design application fees
and in payment for domestic and foreign patent and trademark taxes and renewals.
No gold or gold certificates shall be paid out, withdrawn, or exported under
this regulation."




Keproauced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

p\). 10 5 0 1

FE D E R A L R ES ER V E BANK O F BOSTON

9

BOSTON, M ASSACH USETTS.
2

Secretary of Treasury has issued the following Press statement:
"Regulation No. 10, (Refer our Circular 2 dated March 7, 1933, Page 1 last
paragraph) issued under the President's proclamation is interpreted to authorize
payments for nursery stock where such payments are absolutely necessary to
prevent destruction of stock in transit on March 6, 1933, or prepared for and
awaiting shipment on March 6, 1933 under bona fide commitments."
Designated interpretation 9,

Secretary Of Treasury has released following statement to Press:
"Proceeding under the new hank conservation act, the comptroller of the cur­
rency has appointed conservators for the First National Bank of Detroit and
„the Guardian National Bank of Commerce of Detroit. This course will permit
the operation of the institutions for the purpose of receiving deposits to be
segregated and kept in cash or invested in obligations of the United States
or deposited with the Federal Reserve Bank, and permits the conservator to set
aside and make available for withdrawal by depositors and payment to other
creditors on a ratable basis such amounts as in the opinion of the comptroller
may safely be used for this purpose.
"The placing of these banks under conservators also gives time for the develop­
ment of a satisfactory permanent plan for adequate banking facilities for Detroit.
A number of plans have been discussed and much work has been done, but up to
date there has not been a general agreement as to the course which will be most
advantageous for this city. The Government of the United Sates is anxious to
cooperate in the carrying out of such plan as soon as agreed upon."




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

fc.D . ( 0 5 0 1

F E D E R A L R ESER V E BANK O F BOSTON
BOSTON, M ASSACH USETTS.
l

March 13, 1933.

To All Banks
First Federal Reserve District:
The Secretary of the Treasury has issued the following statement to the Press:
"The first duty of the banks reopening under license of the Secretary
of the Treasury for the performance of their usual functions is to
see that the primary needs of the people for funds for the necessar­
ies of life and for normal business undertakings are met.
Accordingly withdrawals for hoarding have been prohibited and the
Secretary of the Treasury suggests that until more normal conditions
have been established transfers of funds by banks or their customers
be limited to necessary purposes."

Under authority conferred upon him by President's proclamations of March 6 and
9 and Executive Order of President of the United States dated March 10, 1933,
Secretary of the Treasury has issued following regulation governing all banking
institutions whether or not licensed to carry on usual and normal functions
by Secretary of Treasury or appropriate State authority:
"No banking institution shall permit any withdrawal by any person
when such institution, acting in good faith, shall deem that the with­
drawal is intended for hoarding. Any banking institution, before
permitting the withdrawal of large or unusual amounts of currency, may
require from the person requesting such withdrawal a full statement
under oath of the purpose for which the currency is requested."

Under authority conferred upon him by President’s proclamations of March 6 and
9, 1933, declaring and continuing bank holiday, Secretary of Treasury has
issued following regulation:
"All banking institutions may cash official drafts drawn upon the Secre­
tary of State for payment of salaries, traveling and other contingent
expenses but not for personal account, and remit the amounts thereof
to the banks from which the drafts are received, provided that no gold
or gold certificates shall be paid out."

We are advised by the Treasury Department that all banking institutions may
subscribe for the current issue of Treasury Certificates for their own account
in the usual manner. Application for these certificates may be made by sub­
scribers other than banking institutions directly to Federal Reserve Banks or
branches, or at banks which are open for normal business.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

px).

(0501

F E D E R A L R ES ER V E BANK O F BOSTON

8

BOSTON, M ASSACH USETTS.
2

March 13, 1933.

Under authority conferred upon him by the President's proclamations of March 6
and 9, 1933 declaring and continuing bank holidays, the Secretary of Treasury has
amended Regulation 22, (Refer our Circular 7, March 12, 1933, Page 2) so that the
first paragraph thereof shall read as follows;
"All Federal Land Banks, Federal Intermediate Credit Banks, Joint Stock Land
"Banks, Federal Home Loan Banks, Corporations organized under Section 25 (A)
of the Federal Reserve Act, Regional Agricultural Credit Corporations and the
Reconstruction Finance Corporation are hereby permitted to open at 9 o'clock,
a.m., Monday, March 13, 1933, to perform their usual banking functions except
to the extent prohibited by the Executive Order of the President of the United
States, issued March 10, 1933, by Federal or State law, or as may hereafter be
limited or prohibited by regulations promulgated by the Secretary of the
Treasury."




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

D . (0501

F E D E R A L R ES ER V E BANK O F BOSTON

7

BOSTON, M ASSACH USETTS.
1

March 12, 1933

To All Banks
First Federal Reserve District:
We have been advised by the Federal Reserve Board that under authority conferred
upon him by the President's proclamation declaring bank holiday, the Secretary of the
Treasury has Issued the following regulations:

"Except as otherwise prohibited by law, banking institutions may exercise their
normal and usual functions in permitting substitution for or release of
collateral held by them, provided other collateral or cash of equal or greater
value is received in exchange therefor."

"All Federal reserve banks and their branches and agencies may open
March 13, 1933, and may remain open for the performance of all usual and
normal banking functions except as prohibited by the executive order issued
by the President on March 10, 1933, and any further orders or regulations
hereafter issued."

"Banking institutions which are not members of the Federal Reserve System or
organized under the laws of the United States and which are not under the
immediate supervision of any State authority may, on and after March 13, 1933,
carry on their normal and usual functions, except as otherwise prohibited and
except that no such institution shall pay out any gold coin, gold bullion or
gold certificates, unless authorized by the Secretary of the Treasury, nor
allow withdrawal of any currency for hoarding, nor engage in any transaction
in foreign exchange except such as may be undertaken for legitimate and normal
business requirements, for reasonable traveling and other personal require­
ments, and for fulfillment of contracts entered into prior to.March 6, 1933."




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^

X) -

(0 S O )

F E D E R A L R ESER V E BANK O F BOSTON

7

BOSTON, M ASSACH USETTS.
2

March 12, 1933.

Under authority conferred upon him by the President's proclamations of March 6
and 9, 1933 declaring and continuing bank holidays, the Secretary of Treasury has
issued the following regulation;
"All Federal Land Banks, Federal Intermediate Credit Banks, Joint Stock Land
^Banks, Federal Home Loan Banks, Regional Agricultural Credit Corporations and
the Reconstruction Finance Corporation are hereby permitted to open at 9
o'clock a.m. Monday, March 13, 1933 to perform their usual banking functions
except to the extent prohibited by the Executive Order of the President of the
United States, issued March 10, 1933, by Federal or State law, or as may here­
after be limited or prohibited by regulations promulgated by the Secretary of
the Treasury. This permission, as to each of the foregoing banking institu­
tions, may be revoked in whole or in part by the Secretary of the Treasury at
any time, and is granted as to each such institution upon the express condition
that such institution shall deliver, within thirty days, from the date hereof,
to the Treasurer of the United States or to a Federal Reserve Bank or a Federal
Reserve Branch Bank of the district in which it is located, all gold coin, gold
bullion and gold certificates owned by it, and receive payment in credit or in
other forms of coin or in currency."




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

10501

F E D E R A L R ES ER V E BANK O F B O S T O M ~ ~ -?— —
r

BOSTON, M ASSACH USETTS.

I '

* \ - ’v

„

'.rev,:j3\

ja n 27;:::

March 11, 1933.

To All Banks
First Federal Reserve District:
We have been advised by the Federal Reserve Board that under authority conferred
upon him by the President’s proclamation declaring bank holiday, the Secretary of the
Treasury has issued the following regulations:
"All Banking Institutions are hereby authorized to take such steps and carry
through such transactions as may be necessary to complete for their own account,
or the account of their customers, payment on any subscriptions for Treasury Bills
of the United States for which payment was due on March 6, 1933."

"All banking institutions are hereby authorized to subscribe and pay for any United
States Government obligations which may be offered for subscription and sale by the
Secretary of the Treasury."




Reproduced from the Unclassified I Declassified Holdings of the National Archives




DECLASSIFIED
Authority

a .

10501

'E JS *3"Ig

F E D E R A L R E S E R V E BANK

j a n 27; : : : ^
0,-C

O F BOSTON

W33SI

March 10, 1933.

TO THE MEMBER BANK ADDRESSEE):
In applying for a license to reopen and resume
your banking functions in full, the enclosed form may be used
unless some other form is prescribed by later regulation.

/

Keproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

A )« (0

SO

)

Mail to the Federal Reserve Bank of Boston

Honorable Secretary of the Treasury,
Washington, D. C.
Sir:
The

National Bank of (Trust Company)

in the city (town) of

located

in the State of

is a member of the Federal Reserve System and hereby, in accordance with the
executive order of President Franklin D. Roosevelt dated March 10, 1933,
and the regulation of the Secretary of the Treasury and other provisions of
law, respectfully applies for a license to reopen and resume its banking
functions in full except as otherwise prohibited.
We have complied and will continue to comply with all executive
orders restricting the export or payment of gold, gold bullion or gold
certificates, transactions in foreign exchange, and the payment of currency
for hoarding.
In the opinion of the officers signing this application, the under­
signed bank (trust company) is solvent.

According to the last report of examina­

tion this institution, even if all actual market bond depreciation, all doubtful
paper, and all losses were charged off, would still have assets of sufficient
value to more than cover all liabilities other than its own stock liabilities,
and if permitted to reopen as requested hereby, will in the opinion of the
officers signing this application be able to continue as a going bank.
Yours respectfully,

Bank

Place

State
By_________________ _________________________________________________ ___________
President
Treasurer or Cashier
(This application must be signed both by the President and Treasurer or Cashier)



Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority f c . i ) . ( 0 5 0 1

F E D E R A L R ES ER V E BANK O F BOSTON

5

BOSTON, M ASSACH USETTS.
1

March 10, 1933.

The following telegram has been received from the Secretary of the Treasury:
"All openings of banks under Emergiency Banking Act postponed until Monday."

The Secretary of the Treasury has today sent following telegram to State
hanking authority in each State:
"All hanks of the country are now prohibited under the proclamation of
March 9 of the President from conducting any banking business, except as
"specifically authorized by rule, regulation or license of the Secretary
of the Treasury issued under that proclamation. In view of the passage
of the Emergency Bank Bill by Congress yesterday, and under the terms of
that Bill, and Section 5 of the Act of October 6, 1917, as amended by
that Bill, the Secretary of the Treasury will be authorized to permit
any sound bank which is a member of the Federal Reserve System, whether
State or national, to reopen for business as promptly as possible.
It is the intention of the Secretary of the Treasury, however, to
permit no member bank to reopen at any time on a full 100 percent
basis, unless or until the Secretary is satisfied that such bank is a
sound going institution. Any member bank not clearly within this category
will not be opened unless or until further investigation discloses that
it is a sound going institution, or unless or until a reorganization of
some character will permit the bank to be classified as a sound going
institution.
Any member bank not opened 100 percent under the procedure will be
permitted to continue to perform only such specific transactions as are
now authorized or may hereafter be authorized by specific regulation or
license of the Secretary of the Treasury.
In view of the fact that neither the Treasury nor the Federal Reserve
authorities have sufficient information upon which to consider applica­
tions for reopening by euch State banks as are not members of the Federal
Reserve System, the President will by decree authorize the appropriate
State authorities in each State to give licenses to banks under their
jurisdiction other than members of the Federal Reserve System, to open
for the usual normal business, or in their judgment and under the terms of
the Presidential proclamation, to permit of such reopening under such
restrictions and limitations as they in their judgment may deem wise. It is
to be expected, however, that State superintendents in granting licenses
under this authority will take under consideration in determining their
own policy the general principle to be adopted by the Treasury as respects
member banks that in the interests of the depositors and of the country as
a whole only sound institutions will be permitted to carry on all of their
usual functions to the end that no bank shall be reopened for business on
any basis that will run the risk of being forced to close again because of
demands which it is not in a position to satisfy."




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

X). (0501

F E D E R A L R ESER V E BANK O F BOSTON

O

BOSTON, M ASSACH USETTS.
2

March 10, 1933.

We are advised that the following Executive Order was signed by the President
of the United States this afternoon:
"By virtue of the authority vested in me by Section 5 (b) of the Act of
October 6, 1917 (40 Stat L, 411) as amended by the Act of March 9, 1933
and by Section 4 of the said Act of March 9, 1933, and by virtue of all other
authority vested in me, I hereby issue the following executive order."
"The Secretary of the Treasury is authorized and empowered under such
regulations as he may prescribe to permit any member bank of the Federal
Reserve System and any other banking institution organized under the laws of
the United States, to perform any or all of their usual banking functions, except
as otherwise prohibited."
"The appropriate authority having immediate supervision of banking institutions
in each State or any place subject to the jurisdiction of the United States is
authorized and empowered under such regulations as such authority may prescribe
to permit any banking institution in such State or place, other than banking
institutions covered by the foregoing paragraph, to perform any or all of their
usual banking functions, except as otherwise prohibited."
"All banks which are members of the Federal Reserve System, desiring to reopen
for the performance of all usual and normal banking functions except as otherwise
prohibited, shall apply for a license therefore to the Secretary of the Treasury.
Such application shall be filed immediately through the Federal reserve banks.
The Federal Reserve Bank shall then transmit such applications to the Secretary
of the Treasury. Licenses will be issued by the Federal Reserve Bank upon
approval of the Secretary of the Treasury. The Federal reserve banks are hereby
designated as agents of the Secretary of the Treasury for the receiving of applica­
tions and the issuance of licenses in his behalf and upon his instructions."
"Until further order, no individual, partnership, association, or corporation,
including any banking institution, shall export or otherwise remove or permit to be
withdrawn from the United States or any place subject to the jurisdiction thereof
any gold coin, gold bullion, or gold certificates, except in accordance with
regulations prescribed by or under license issued by the Secretary of the Treasury."
"No permission to any banking institution to perform any banking functions shall
authorize such institution to pay out any gold coin, gold bullion or gold
certificates except as authorized by the Secretary of the Treasury, nor to allow
withdrawal of any currency for hoarding, nor to engage in any transaction in
foreign exchange except such as may be undertaken for legitimate and normal
business requirements, for reasonable traveling and other personal requirements,
and for the fulfillment of contracts entered into prior to March 6, 1933."
"Every Federal Reserve Bank is authorized and instructed to keep itself currently
informed as to transactions in foreign exchange entered into or consummated within
its district and shall report to the Secretary of the Treasury all transactions in
foreign exchange which are prohibited."




Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

a). ( 0 5 0 )

F E D E R A L R ES ER V E BANK O F BOSTON
BOSTON, M ASSACH USETTS.
3

March 10, 1933.

Under authority conferred upon him by President's proclamations of
March 6 and 9, 1933, declaring and continuing bank holiday, Secretary
of the Treasury has issued following regulation:
"Any banking institution may, when the owners consent thereto, pay
checks issued prior to March 6, 1933 and received in due course of
business by the drawee banking institution, by charging the amounts
thereof to the accounts of the drawer and crediting such amounts to
the accounts of such owners on the books of the drawee banking insti­
tution."




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

pd. 1 0 5 0 1

IT?

F E D E R A L R ES E R V E BANK O F BOSTOljl
BOSTON, M ASSACH USETTS.

March 9, 1933.

The following telegram received:
"Last night President Machado declared a fifteen day holiday in
Cuba during which holiday banks are restricted to payment of
ten percent of deposit balances."




BLACK, Governor of Federal Reserve
Bank of Atlanta.

j ;\n

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority f,x). ( 0 5 0 1

FEDERAL RESERVE BANK OF BOSTON

March 9, 1933.

To All Member Banks,
First Federal Reserve District:
Under authority conferred upon him by the President’s proclamation declaring a bank
holiday, the Secretary of the Treasury has issued a regulation under which each Federal Reserve
Bank may (1) make available to its member banks, which in the judgment of the Federal Reserve
Bank are complying strictly with the spirit and purpose, as well as the letter, of the regulations
issued by tfre Secretary of the Treasury pursuant to the President’s proclamation declaring a bank
holiday, such limited amounts of coin and/or currency (other than gold or gold certificates) as
shall be absolutely necessary in order to enable such member banks to exercise the restricted
functions permitted by such regulations; (2) extend to each such member bank such limited
amounts of discounts, advancements and accommodations as shall be absolutely necessary for
the exercise of such restricted functions; and (3) make transfers of credits on its books for such
restricted purposes between the accounts of such member banks which, in the judgment of the
Federal Reserve Bank, are complying strictly with the spirit and purpose, as well as the letter, of
such regulations.
It is provided, however, that before any such discounts, advancements or accommodations
may be granted, or before payments of coin and/or currency can be made, the Federal Reserve
Bank shall first require the member bank to (a) inform the Federal Reserve Bank of the amounts of
coin and currency which it has on hand; (b) inform the Federal Reserve Bank of the circumstances
giving rise to the need for additional coin and/or currency; and (c) to deliver to the Federal
Reserve Bank, in exchange for other forms of coin and/or currency, or for credit on its books, all
gold and gold certificates held by such member bank in its own right.
For your convenience, we have prepared a form for member banks to use in furnishing us
with this required information. If application is made for rediscount or advance, the regular loan
and rediscount forms should be used, accompanied by the statement required on the form enclosed.
It is essential that before this bank can make any coin and/or currency shipments, or grant
any discounts, advancements and accommodations, such gold or gold certificates as the member
bank holds in its own right be delivered to the Federal Reserve Bank.
You will also find enclosed blanks to be used in ordering currency and coin. Such orders
must also be accompanied by the statement required.
Very truly yours,

R.
Enclosures.




r^piuuuuea irom tne unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

p A ).

(QSQ[

Date
To the Federal R eserve
Boston, Massachusetts

Bank

of

1933

B osto n

Gentlemen:
In connection with our application for rediscount or advance, or/and in connection with our
request for currency and/or coin herewith submitted and in accordance with the regulation of the
Secretary of the Treasury, under authority conferred upon him by the President’s proclamation
declaring a bank holiday, the following information is furnished:
A.

Amount of coin and currency on hand
1. Gold coin............................. $
2. All other coin.......................$
3. Gold certificates.................. $
4. All other currency...............$
Total...............$

B.

The circumstances giving rise to the need for additional coin and/or currency are as
follows: (It is necessary that detailed information be given — as in case of pay rolls,
name of individual or concern, amount of pay roll, number of employees and date of
payment will be necessary — and in view of present problems and difficulties amount
of payments to individuals and total advances must be limited. Continue on reverse
side of this sheet if necessary.)

C.

We hereby agree to deliver to the Federal Reserve Bank of Boston, in exchange for
other forms of coin and/or currency, or for credit on its books, all gold and gold
certificates held by us in our own rights as follows:
1. Gold......................................$
2. Gold certificates.................. $
Total...............$

We hereby certify that this application for rediscount or advance and/or our request for
currency and/or coin is, in our opinion, absolutely necessary for the exercise of such restricted
functions in accordance with the regulations of the Secretary of the Treasury, under authority
conferred upon him by the President’s proclamation declaring a bank holiday. We further
certify that this bank is complying strictly with the spirit and purpose, as well as the letter of the
regulations issued by the Secretary of the Treasury, pursuant to the President’s proclamation
declaring a bank holiday.

Name of Bank




Place
Official signature
Title

State

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

105Q1

4
F E D E R A L R ES ER V E BANK O F BOSTON
BOSTON, M ASSACH U SETTS.
l
March 9, 1933.

To All Banks
First Federal Reserve District:
We have been advised by the Federal Reserve Board that under authority conferred
upon him by the President's proclamation declaring bank holiday, the Secretary of the
Treasury has issued the following regulations:

Secretary of Treasury advises "Regulation number 5 dated March 6 (Refer our
Circular 1, dated March 6, 1933, Page 1) is not to be interpreted as permitting
""any banking institution to accept payment of any obligation not solely owned
by it in any form which is not authorized by the person entitled to the pro­
ceeds." Designated as Interpretation No. 4.

Secretary of Treasury advises "Regulation No. 10 (Refer our Circular 2, dated
March 7, 1933, Page 1, last paragraph) issued under the President's proclamation
is interpreted to authorize payments for fertilizer and for vegetable and
agricultural seeds for Spring planting, where such payments are absolutely
necessary and where the seed and/or fertilizer are for immediate use." Desig­
nated as Interpretation No. 5.

Secretary of Treasury advises "Food or Feed Products as used in Regulation 6
(Refer our Circular 1, dated March 6, 1933, Page 1, last paragraph) may be
construed as including whole grain if such grain is intended for processing
or consumption in the immediate future." Designated as Interpretation No. 6.

Secretary of Treasury advises "Release of funds for purpose of cotton where
absolutely necessary to maintain operation is interpreted as 'necessary current
expenditures for the purpose of maintaining employment and for other similar
essential purposes' as used in Regulation 10 (Refer our Circular 2, dated
March 7, 1933, Page 1, last paragraph)." Designated as Interpretation No. 7.

Secretary of the Treasury advises that cigar manufacturing companies should be
referred to Collectors of Internal Revenue for information regarding purchase
of Internal Revenue stamps in connection with cigar manufacturing.
Designated as Interpretation No. 8.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

a .

(0501

4
F E D E R A L R ES ER V E BANK O F BOSTO
BOSTON, M ASSACH USETTS.
2
March 9, 1933.

The following telegram received from Secretary of the Treasury:
"In order to effectively carry out provisions of new law, holiday extended
over tomorrow stop
Proclamation later tonight."

Secretary of the Treasury has issued the following Press release: "The
President has today urged the immediate enactment of legislation dealing
with the existing hanking situation. It appears that prompt action will
make hanking facilities and an adequate supply of currency available.
Notwithstanding the expected early opening of hanks, the Secretary of
the Treasury interposes no objection to the issuance of Clearing House
certificates or other evidences of claims against assets of hanking
institutions, in communities where local conditions make such action
necessary. The Regulation issued by the Secretary March 7, 1933 (Refer
our Circular 2 dated March 7, 1933, Page 2, first paragraph) remains
effective, granting permission to Clearing House Associations and other
associations organized to provide an adequately secured medium of temporary
exchange to issue certificates against sound assets of banking institutions
such certificates to be deliverable by each institution to its creditors
and depositors on a pro rata basis."

Following is the text of the proclamation signed by the President of United
States tonight:
"Whereas, on March 6, 1933, I, Franklin D. Roosevelt, President of the
United States of America, by proclamation declared the existence of a national
emergency and proclaimed a bank holiday extending from Monday the 6th day
of March to Thursday the 9th day of March, 1933, both dates inclusive, in
order to prevent the export, hoarding or earmarking of gold or silver coin,
or bullion or currency, or speculation in foreign exchange: and
Whereas, under the act of March 9, 1933, all proclamations heretofore or
hereafter issued by the President pursuant to the authority conferred by
section 5 (b) of the act of October 6, 1917, as amended, are approved and
confirmed: and
Whereas, said national emergency still continues, and it is necessary to
take further measures extending beyond March 9, 1933, in order to accomplish
such purposes:
Now, therefore, I, Franklin D. Roosevelt, President of the United States
of America, in view of such continuing national emergency and by virtue of the
authority vested in me by section 5 (b) of the act of October 6, 1917
(40 Stat L Vll) as amended by the act of March 9, 1933, do hereby proclaim,
order, direct and declare that all the terms and provisions of said
proclamation of March 6, 1933, and the regulations and orders issued there­
under are hereby continued in full force and effect until further proclamation
by the President."



Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

. 1) . ( 0 5 0 1

FE D E R A L R ES ER V E BANK O F BOSTO
BOSTON, M ASSACH USETTS.
1
March 8, 1933.

To All Banks
First Federal Reserve District:
We have been advised by the Federal Reserve Board that under authority conferred
upon him by the President's proclamation declaring bank holiday, the Secretary of the
Treasury has issued the following regulations:

"Each Federal reserve bank may (1) make available to its member banks which,
in the judgment of the Federal reserve bank, are complying strictly with the
spirit and purpose as well as the letter of the regulations issued by the
^Secretary of the Treasury pursuant to the President's proclamation declaring
a bank holiday, such limited amounts of coin and/or currency (other than gold
or gold certificates) as shall be absolutely necessary in order to enable such
member banks to exercise the restricted functions permitted by such regulations,
(2) extend to each such member bank such limited amounts of discounts, advance­
ments, and accommodations as shall be absolutely necessary for the exercise of
such restricted functions, and (3) make transfers of credit on its books for
such restricted purposes between the accounts of such member banks and/or
non-member clearing banks which, in the judgment of the Federal reserve bank,
are complying strictly with the spirit and purpose as well as the letter of
such regulations; PROVIDED, however, that before granting any such discounts,
advancements or accommodations or making such limited payments of coin and/or
currency, the Federal reserve bank shall first require the member bank, (a) to
inform the Federal reserve bank of the amounts of coin and currency which it
has on hand, (b) to inform the Federal reserve bank of the circumstances
giving rise to the need for additional coin and/or currency, and (c) to
deliver to the Federal reserve bank in exchange for other forms of coin and
/or currency or for credit on its books all gold and gold certificates held by
such member bank in its own right."

"In order to facilitate the prompt dissemination of information regarding and
interpretation of regulations issued by the Secretary of the Treasury pursuant
to the President’s proclamation, dated March 6, 1933 declaring a bank holiday,
it is requested that all inquiries for information regarding and interpretation
of any of such regulations coming from banks, banking institutions and individuals
be made direct to the Federal reserve bank in their district. Unless such
requests are covered by interpretations previously issued by the Secretary of
the Treasury, the Federal reserve banks will secure such interpretations from
the Secretary of the Treasury. All requests for any special permission or
consent required by the regulations should be made in accordance with such
regulations."




Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ A) - (0

SO

)

3
F E D E R A L R ES ER V E BANK O F BOSTON
BOSTON, M ASSACH U SETTS.
2

"Federal reserve banks are authorized to continue their usual and normal
functions pertaining to the handling of collateral securing the deposit of
the public moneys of the United States, as provided in Treasury Circular 92
as amended and revised."

"Secretary of Treasury advises ’Regulation number 10 of March 7 (refer our
Circular 2, March 7, 1933, page 1, last paragraph) under the President’s
proclamation of March 6 is held to authorize payments on account of pensions,
workmen’s compensation disability insurance, relief and unemployment."

"Secretary of Treasury advises ’the term "other corporations, partnerships,
associations or persons engaged in business of receiving deposits,
making loans", as used in the President’s proclamation of March 6 declaring
a bank holiday, is held to include brokers, pawn brokers, industrial loan
companies, mortgage loan companies, chattel loan companies, personal finance
companies, automobile finance companies and all other persons, firms and
corporations engaged in the business of making loans of any kind, secured
or unsecured’."

"The permission granted in Regulation number 7 (Refer our Circular 1, dated
March 6, 1933, page 2) that deposits heretofore received by any banking
institution pursuant to agreement or legislative authority providing for
segregation and repayment without restriction may be paid on demand, includes
any bank in which any such deposits have been redeposited by or on behalf of
the receiving bank in accordance with such agreement or legislative authority."




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

a .

losoi

2

To All Banks
First Federal Reserve District!
We have been advised by the Federal Reserve Board that under authority conferred
upon him by the President’s proclamation declaring bank holiday, the Secretary of the
Treasury has issued the following regulations:

"Where settlement for checks charged by drawee institutions to the drawer’s
account on its books on or before March 4, 1933 is incomplete, settlement
may be completed where such settlement does not involve the payment of money
or currency."

"Any bank having branch in a foreign country may deposit collateral in the
United States to secure advances to such branch in a foreign country, provided
such transaction does not involve any transfer or credit from the United
States to a foreign country and any bank having branch in an insular possession
of United States may deposit United States Government securities or other
collateral for a similar purpose when under President’s proclamation advances
of local currency in the insular possession may lawfully be made."

"Any banking institution may deliver to the person entitled thereto properly
identified documents and securities held by such institution for safekeeping."

"Any national or State banking institution may exercise its usual banking
functions to such extent as its situation shall permit and as shall be abso­
lutely necessary to meet the needs of its community for food, medicine, other
necessities of life, for the relief of distress, for the the payment of usual
salaries and wages, for necessary current expenditures for the purpose of
maintaining employment, and for other similar essential purposes: provided,
however, that (1) every precaution shall be taken to prevent hoarding or the
unnecessary withdrawal of currency; (2) no State banking institution shall
*engage in any transaction under this regulation which is in violation of State
or Federal law of any regulation issued thereunder (3) no national banking
association shall engage in any transaction under this section which is in
violation of any Federal law or of any order or regulation issued by the
Comptroller of the Currency; and (4) no gold or gold certificates shall be
paid out. Each banking institution and its directors and officers will
be held strictly accountable for faithful compliance with the spirit and
purpose as well as the letter of this regulation."




Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

A) ♦ (0 5 0 |

F E D E R A L R ESER V E BANK O F BOSTON

2

BOSTON, M ASSACH USETTS.
2

"Clearing House Associations and other associations organized to provide
an adequately secured medium of temporary exchange, are hereby per­
mitted to issue certificates against sound assets of hanking institutions,
such certificates to he deliverable by each institution to its creditors
and depositors on a pro rata basis provided, however, that no such
certificates shall be issued before Friday, March 10, 1933, without the
consent of the Secretary of the Treasury addressed to the Clearing House
or other association proposing to issue such certificates, and further
provided that this permission may be revoked in the event that a national
plan to meet the existing emergency is proposed by the Secretary of the
Treasury if in his opinion the success of such plan would be inconsistent
with the operation of the certificate plan."

"Any banking institution lawfully engaged in the business of acting
as trustee, executor, administrator, registrar of stocks and bonds,
transfer agent, guardian of estates, assignee, receiver, committee of
estates of lunatics or in any other fiduciary capacity may continue to
transact such business in the normal and usual manner, provided that
in the conduct of said business, except as may be permitted by other
regulations of the Secretary of the Treasury, such banking institution
shall not pay out or permit the withdrawal of coin or currency nor
withdraw any trust or fiduciary funds on deposit with any other depart­
ment of the bank,"

"Food or feed products" in Regulation six under the President’s proclam­
ation promulgated March 6 may be interpreted to include livestock on
the way to slaughter.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority f,x). ( 0 5 0 1

FEDERAL RESERVE BANK OF BOSTON
BOSTON, MASSACHUSETTS.
3

"Federal Reserve Banks are authorized to conduct their normal and
usual operations as fiscal agents of the United States in transactions
pertaining to the exchange of obligations of the United States, such
as making exchange of denominations, exchanging coupon for registered
bonds, and vice versa, receiving registered bonds for transfer and
effecting wire transfers of Treasury Bills, Certificates of Indebtedness
and Treasury Notes."

"Pawnbrokers and brokers making loans on collateral are banking insti­
tutions within the meaning of the term as used in the President’s proclam
ation of March 6, 1933."

"All Federal Reserve Banks are authorized to receive cash from collectors
of Internal Revenue, collectors of custom, and other collectors of public
funds for deposit to the credit of the Treasurer of the United States."




Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

Fed era l Reser v e Bank

px). (0561

of

Bo s t o n

30 P EA R L STREET

Boston, Mass., March 7, 1933.

SUBJECT:— “SPECIAL ACCOUNT” AVAILABLE TO MEMBER BANKS
OPERATING UNDER EMERGENCY BANK LEGISLATION.
To

A l l M em ber B anks

F ir st F e d e r a l R e s e r v e D

is t r ic t :

For the convenience of member banks who have been authorized to create special trust
accounts for the receipt of new deposits, subject to withdrawal on demand without any restric­
tion, we have prepared a form of request by which a member bank may ask us to open for it
a special account in which the member bank may deposit the proceeds of such new deposits
received by it.
For your information we advise you that no items should be deposited in said special
account except cash or such items as may hereafter be permitted to be deposited therein by
future regulation.
Two copies of this form of request are enclosed. Any member bank which desires to
open such a special account with us should have the resolution set forth at the bottom of the
request adopted by its board of directors or its executive committee and have one copy of the
request executed and transmitted promptly to us.




Very truly yours,

Governor

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

pd. (0501

REQUEST BY MEMBER BANK FOR SPECIAL ACCOUNT WITH
FEDERAL RESERVE BANK OF BOSTON
To

t h e F e d e r a l R e s e r v e B a n k o f B o s t o n :—

We, the undersigned,___________________________________________a banking institution organized
under the laws of.______ _______ ______________________ , lawfully engaged in the business of receiving
deposits prior to March 6, 1933, have been authorized to create special trust accounts for the receipt of
new deposits which shall be subject to withdrawal on demand without restriction, and shall be kept
separately invested in cash or on deposit in Federal Reserve Banks, or as otherwise provided by law, and
have taken all appropriate action to permit the receipt by us of such new deposits.
We hereby request you to open for us a special account in which we may deposit the proceeds of
such new deposits received by us. We hereby request you to enter in said account all items transmitted
by us to you on which we have clearly indicated by symbol or otherwise that the items represent new
deposits of the kind above referred to. Such indication, until further notice, will be by the name “ Special
Account” or the symbols “ S. A.” and such items shall be credited by you in such special account and shall
be held solely for the repayment to us and we shall be permitted to withdraw any part or all of such
special account without restriction, provided that we shall indicate to you, in connection with any with­
drawal by use of the name “ Special Account” or the symbols “ S. A.” , that such withdrawal is to be made
from and charged against such special account.
Nothing herein contained shall be taken as requiring you to pay out to us or permit us to withdraw
any gold or gold certificates from such special account or otherwise.
All officers who are authorized to make deposits in and withdrawals from our present reserve
account with you are authorized to make deposits in and withdrawals from said special account.

(Name of bank making request)
By-----------------------------------------------------

FORM OF RESOLUTION
I,..... .............. ....................................., do hereby certify that I am the duly elected (appointed) and
qualified Cashier (Secretary) of the—___________________________________ , a banking corporation duly
organized and existing under and by virtue of the laws of_______________________________ , and as such
officer have charge and custody of the books, records, and corporate seal of said bank, and that the
following is a true, full and correct copy of the original of a resolution duly adopted by the board of
directors (executive committee) of said bank at a meeting of said board (executive committee) duly
called and held in accordance with law on the________ ___________ day of______________________ , 1933,
reading as follows:—
VOTED (Resolved) that------------ ------------------------- the-------- -----------------------------of this bank is hereby
authorized to execute and deliver in the name and on behalf of this bank a request to the Federal
Reserve Bank of Boston to open a special account in accordance with the provisions contained in the
form of request presented at said meeting.
I
further certify that the request to which this certificate is attached is in the same form as the
form of request presented at said meeting.
Witness my hand and the seal of said bank this---------------------------- day of_________________ 1933.

{CorporateSeal)



As Cashier
As Secretary

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

a .

(osoi

FEDERAL RESERVE BANK OF BOSTON
BOSTON, MASSACHUSETTS.
March 6, 1933

To All Banks
First Federal Reserve Districts
We have been advised by the Federal Reserve Board that under authority conferred
upon him by the President’s proclamation declaring bank holiday, the Secretary of the
Treasury has issued the following regulations:

Federal Reserve Banks and all other Banking institutions are authorized to
make change by the exchange of currency and/or coin of various denominations
for an exactly equal amount of currency and/or coin of other denominations
Jbut no gold or gold certificates shall be paid out in making change. Text
- of formal regulations will be transmitted to you later.

"All banking institutions may allow their customers free access to the
safety deposit boxes and safes rented to such customers."

"All banking institutions may upon request return intact and without restric­
tion all cash checks and other items delivered for deposit or collection
which were received after the last closing of business hours and have not
been entered on the books of such banking institution."

"All banking institutions may continue in accordance with usual practise to
cash checks drawn on the Treasurer of United States provided that no gold
or gold certificates shall be paid out."

"Any banking institution may accept payment in cash or any other form accept­
able to it on account or in settlement of obligations payable at or to such
institution."

"Any banking institution may handle and collect drafts or other documents in
connection with the shipment, transportation or delivery of food or feed
products, may pay out or permit the withdrawal of such amounts of currency
as shall be necessary in the judgment of such banking institution in connec­
tion with such shipment, transportation or delivery of food or feed products
and may perform such other banking functions as may be essential to the
shipment, transportation or delivery of food or feed products provided,
however, that no banking institution shall pay out or permit the withdrawal
of any gold or gold certificates."




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

^

X) ♦ (0

SO

1

Pag© - Z

"Deposits heretofore received by any banking institution pursuant
to agreement or legislative authority providing for segregation
and for repayment without restriction may be paid on demand. Any
banking institution which was lawfully engaged in the business
of receiving deposits prior to March 6, 1933, may create special
trust accounts for the receipt of new deposits which shall be
subject to withdrawal on demand without any restriction or limita­
tion and shall be kept separately in cash or on deposit in Federal
Reserve Banks or invested in obligations of the United States,
Fedefal Reserve Banks may open special accounts on their books for
their member banks and temporarily for non-member banks and may
receive in such special accounts the proceeds of new deposits
received by such banking institutions. In making deposits with
the Federal Reserve Bank pursuant to this regulation the depositing
bank shall in the case of each deposit indicate to the Federal
Reserve Bank by symbol or otherwise that the funds so deposited
represent new deposits made under this regulation. Upon receipt
of such deposits such Federal Reserve Bank shall credit the same
in the special account of the depositing bank herein provided for
and shall hold the same solely for the repayment to such bank.
Federal Reserve Banks shall permit the withdrawal of any part or
all of such new deposits by the depositing bank without restriction
provided that the depositing bank shall in such order or request
for withdrawal indicate to the Federal Reserve Bank by symbol or
otherwise that such withdrawal is to be made from such special
account, provided however that no banking institution shall pay out
or permit the withdrawal of any gold or gold certificates."




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

(0501

pr

FEDERAL RESERVE BANK

/

OF BOSTON

-r ? tftT , pi

DEC 131041
^ "7 f) t - C

( Ij

To the Member Bank Addressed:Because of the unprecedented emergency existing in this district and
in the United States generally, it has been found necessary to return the
enclosed items which we have received from you since the close of business on
March 3, 1933.

All other items which we have received from you since that date

and which are not returned herewith are being held subject to collection and
advice with respect thereto.

Please do not return these items to us unless and

until advised by us that such items will be received by us for collection.




Federal Reserve Bank of Boston

Cash letter dated

Amount

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

p

&

(Q 50|

FEDERAL RESERVE BANK
OF BOSTON

February 25, 1033.

TO ALL MEMBER BANKS,
FIRST FEDERAL RESERVE DISTRICT:
The telegram,quoted below for your information has been received from the Federal
Reserve Bank of Richmond:
11 The Governor of Maryland has designated February 2 5 as a legal holi&ft3E~
in that State and stated that he expects to declare o t h e s u c c e s s i v e
''holidays until the passage of proposed'legislation which the Governor
anticipates will be passed prior to Wednesday March 1* Until the end
of the holidays our Baltimore Branch will hold all checks or other items
payable in Baltimore*
Checks on other Maryland banks will be forwarded
as usual but credit for Baltimore and other Maryland items will be deferred
until the end of holidays* In view of above checks on banks in Maryland
should be listed to our Branch in separate cash letters since availability
date is indefinite and will have to be determined later. No checks will
be accepted as jion cash collection items. During the continuance of the
bank holiday in Maryland our Baltimore Branch will accept transfers for
credit of member banks as usual and in addition will accept transfers to
such banks for payroll and other necessary purposes for delivery to their
customers upon following form:
*We credit your account blank dollars deposited by blank bank for
payment in currency to blank bank for delivery t@ blank individual,
firm or corporation. The purpose of this transfer is blank.1
”The purpose of the transfer must be stated and we request you to investi­
gate all requests for such transfers carefully to prevent abuse.”




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

10501

REC’D IN FILES S E C . i
(fx A -

AUG 2 41954 "
FEDERAL RESERVE BANK
OF NEW YORK

Circular No. 1228, May
Supplement to Circular No. 1194, I
as supplemented.
J

To all Banking Institutions in the
Second Federal Reserve District:

Supplementing information given in our circulars Nos. .1194, 1198., 1201, 1203, 1208,
1212, 1217, and 1223, the follow ing additions should be made to the list o f banking
institutions in the Second Federal Reserve District which have been licensed to resume
full banking operations:

MEMBER BANKS
N EW YO RK STATE
Clifton Springs..........The Ontario National Bank o f Clifton Springs
Heuvelton................... The First National Bank o f Heuvelton
Jeffersonville............. The First National Bank o f Jeffersonville
Newark Valley........... The First National Bank o f Newark Valley
Port Ley den............... The Port Leyden National Bank
Ticonderoga............... The Ticonderoga National Bank

NEW MEMBER BANK
The following State banking institution, previously licensed to resume full banking
operations by the Superintendent o f Banks o f the State o f New York, has been admitted
to membership in the Federal Reserve System:




N EW YO RK STATE
Millbrook.....................Bank o f Millbrook

George L. H arrison ,
Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

Authority

a . (05Qi

REC’D IN files section
JAN 1 0 195Q,
FEDERAL RESERVE BANK
OF NEW YORK

Circular No. 1382, Mav 9, 1934.
Supplement to Circular No. 13J56,
as supplemented.

t
To all Banking Institutions in the
Second Federal Reserve District:

Supplementing information given in our circulars Nos. 1336, 1346, 1356, 1360,
1368, 1374 and 1379, the follow ing additions should be made to the list o f banking
institutions in the Second Federal Reserve District which have been licensed to resume
full banking operations:

MEMBER BANKS
N EW JERSEY
N e w a rk ............. Clinton Trust Company
Passaic................Peoples Bank and Trust Company
N EW YO RK STATE
Fair H aven........The Fair Haven National Bank

NEW MEMBER BANK
The follow ing State bank, previously licensed to resume full operations by the Super­
intendent o f Banks o f the State o f New York, has been admitted to membership in the
Federal Reserve System:
N EW YORK STATE
S a y v ille............. The Oystermen’s Bank and Trust Company
(Merger of The Oystermen’ s National Bank of Sayville
into the Community Trust Company)

G eorge L . H a r r is o n ,

/




Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

a ). 1 0 50 1

IN FILES SECT!
JAN 1 0 1950
FEDERAL RESERVE BAN

4*7/).

OF NEW YORK.,

--

Circular No. 1368, March 28, 1934 "1
Supplement to Circular TTo. 1336,
as supplemented.
J

To all Banking Institutions in the
Second Federal Reserve District:

Supplementing information given in our circulars Nos. 1336, 1346, 1356 and 1360,
the following addition should be made to the list o f banking institutions in the Second
Federal Reserve District which have been licensed to resume full banking operations :

MEMBER BANK
NEW YORK STATE
Cherry Creek...........................B Cherry Creek National Bank
(Newly chartered to succeed The Cherry Creek National
Bank and The Conewango Valley National Bank,
Conewango Valley)

NEW MEMBER BANKS
The following State banks, previously licensed to resume full operations by the Super­
intendent of Banks o f the State of New York, have been admitted to membership in the
Federal Reserve System:

NEW YORK STATE
Elmira Heights...........................The Bank o f Elmira Heights
Watkins Glen...............................Watkins State Bank

G eorge L . H a r r is o n ,

Governor.

b

Bank in Buffalo Branch Territory




C

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority 'jr .'Q . ( 0 5 0 1

BEC’D IN FILES SE
FEDERAL RESERVE BANK
OF NEW YORK
To all Banking Institutions in the
Second Federal Reserve District:

JAN 1' 0 19

Circular No. 1346, Tanuaat~3L... 1934
S u p p le m e n t to Circular No. 1336.

Supplementing information given in our circular No. 1336, the follow ing changes
should be made in the list o f banking institutions in the Second Federal Reserve District
which have been licensed to resume full banking operations:

MEMBER BANKS
N EW YO RK STATE
Additions

B r o ck p o rt......................... B Brockport National Bank
(Newly chartered to succeed The First National Bank of Brockport)

B u ffa lo ...............................B The Lincoln-East Side National Bank o f Buffalo
(Newly chartered to succeed The Lincoln National Bank of Buffalo and
The East Side National Bank of Buffalo)

Elmhurst
Borough o f Queens
New York C i t y ................... The Fidelity National Bank in New York
(Newly chartered to succeed The Newtown National Bank of New York,
Corona, and The Elmhurst National Bank of New York, Elmhurst)

L is b o n ...................................The First National Bank o f Lisbon
M iddletow n.........................The National Bank o f Middletown
(Newly chartered to succeed The First Merchants National Bank and
Trust Company of Middletown)

New Rochelle....................... First National Bank o f New Rochelle
(Newly chartered to succeed The National City Bank of New Rochelle)

Philm ont...............................Philmont National Bank
(Newly chartered to succeed The First National Bank of Philmont)

Pine B u sh .............................The National Bank o f Pine Bush
(Newly chartered to succeed The Pine Bush National Bank)

W in d h a m .............................The National Bank o f Windham
(Newly chartered to succeed The First National Bank of Windham)

N EW JERSEY
Addition

G arfield.................................First National Bank in Garfield
(Newly chartered to succeed The First National Bank of Garfield)

NONMEMBER BANKS
NEW YORK STATE
Addition

New Rochelle....................... Huguenot Trust Company
(Reopening of bank which suspended January 2, 1934)

N E W JERSEY
Withdrawal

Elizabeth...............................Elizabeth Trust Company
(Previously licensed to resume full banking operations. Operating on
restricted basis as of January 18, 1934)

a

NEW MEMBER BANK
The follow ing State bank, previously licensed to resume full banking operations by
the Superintendent of Banks o f the State o f New York, has been admitted to membership
in the Federal Reserve System:
N EW YORK STATE
C attaraugus..................... BBank o f Cattaraugus




George L. H arrison ,

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

a) .

(0 5 01

KSC’D m FILES SECTION
JAN 1 0 1930
FEDERAL RESERVE BANK
OF NEW YORK

r Circular No. 1334*1
L January IS, 1934 J

Executive Order Regulating Transactions in Foreign Exchange, Transfers
o f Credit, and the Export o f Coin and Currency
and related
Executive Order Am ending the Executive Order o f March 10, 1933,
and the Proclam ation o f December 30, 1933,
Concerning the Operation o f Banks

To all Banking Institutions in the
Second Federal Reserve District:
A t the request o f the S ecretary o f the T reasury we transmit to
you herewith, printed on the follow in g pages, a cop y o f an executive
order issued by the President o f the U nited States under date o f
January 15,1934 regulating transactions in foreign exchange, transfers
o f credit, and the export o f coin and cu rre n cy ; and a cop y o f a related
executive order issued by the P resident o f the U nited States under
date o f January 15, 1934 am ending the executive order o f M arch 10,
1933 and the proclam ation o f D ecem ber 30, 1933, concerning the
operation o f banks. On the last page o f this circular w ill be found
a cop y o f the P roclam ation o f the President o f the United States,
dated Decem ber 30, 1933. A cop y o f the executive order o f M arch 10,
1933 was transm itted with our circular No. 1173, dated M arch 10, 1933.




G eorge

L.

H a r r is o n ,

Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

a*

(0501

EXECUTIVE ORDER
Regulating Transactions in Foreign Exchange, Transfers of Credit,
and the Export of Coin and Currency
By virtue of the authority vested in me by Section 5 (b) of the Act of October 6, 1917 (40 Stat. L.,
411) as amended by Section 2 of the Act of March 9,1933, entitled “ An Act to provide relief in the existing
national emergency in banking and for other purposes” , I, FRANKLIN D. ROOSEVELT, PRESIDENT
OP THE UNITED STATES OF AMERICA, do declare that a period of national emergency continues to
exist, and by virtue of said authority and of all other authority vested in me, do hereby prescribe the fol­
lowing regulations for the investigation, regulation, and prohibition of transactions in foreign exchange,
transfers of credit between or payments by banking institutions as herein defined, and export of currency
or silver coin, by any person within the United States or any place subject to the jurisdiction thereof:
S e c t i o n 1. Every transaction in foreign exchange, transfer of credit between any banking institution
within the United States and any banking institution outside of the United States (including any principal,
agent, home office, branch, or correspondent outside of the United States of a banking institution within the
United States), and the export or withdrawal from the United States of any currency or silver coin which
is legal tender in the United States* by any person within the United States, is hereby prohibited, except
under license therefor issued pursuant to this executive order: Provided, however, that, except as prohibited
under regulations prescribed by the Secretary of the Treasury, foreign exchange transactions and trans­
fers of credit may be carried out without a license for (a) normal commercial or business requirements,
(b) reasonable traveling and other personal requirements, or (c) the fulfillment of legally enforceable
obligations incurred prior to March 9, 1933.
S e c t io n 2. Possessions of the United States. Except as prohibited in regulations prescribed by
the Secretary of the Treasury, transfers of credit between banking institutions in the continental United
■States and banking institutions in other places subject to the jurisdiction of the United States (including
principals, agents, home offices, branches, or correspondents in such other places, of banking institutions
within the continental United States), may be carried out without a license.
S e c t i o n 3. Licenses. The Secretary of the Treasury, acting directly or through any agencies that
he may designate, and the Federal Reserve banks acting in accordance with such, rules and regulations as
the Secretary of the Treasury may from time to time prescribe, are hereby designated as agencies for the
granting of licenses as hereinafter provided. Licenses may be granted authorizing such transactions in
foreign exchange, transfera of credit and exports of currency (other than gold certificates) or silver coin
in such specific cases or classes of eases as the Secretary of the Treasury may determine in regulations
prescribed hereunder and rulings made pursuant thereto.
S e c t io n 4 . Reports. The Federal Reserve banks shall keep themselves currently informed as to
foreign exchange transactions entered into or consummated, and transfers of credit made between banking
institutions outside of the continental United States and banking institutions in their districts, and report
to the Secretary of the Treasury all transactions in foreign exchange and all such transfers of credit not
permitted under Sections 1 or 2 hereof which are effected or attempted in their districts without a license.
S e c t io n 5. Regulations. The Secretary of the Treasury is authorized and empowered to prescribe
from time to time regulations to carry out the purposes of this order, and to provide in such regulations
or by rulings made pursuant thereto, the conditions under which licenses may be granted by the Federal
Reserve banks and by such other agencies as the Secretary of the Treasury may designate; and the Secre­
tary of the Treasury may require any person engaged in any transaction, transfer, export, or withdrawal
referred to in this executive order to furnish under oath complete information relative thereto, including
the production of any books of account, contracts, letters, or other papers, in connection therewith in the
custody or control of such person either before or after such transaction, transfer, export, or withdrawal
is completed.
S e c t io n 6. Penalties. Whoever willfully violates or knowingly participates in the violation of any
provision of this executive order or o f any license, order, rule, or regulation issued or prescribed hereunder,
shall be subject ,t.Q the penalties provided in Section, 5 (b) of the Act of October 6, 1917, as amended by
Section 2 of the Act o f March 9, 1933.
S e c t i o n 7. Definitions.
As used in this executive order the term “ United States” means the
United States and any place stibject to the jurisdiction thereof; the term “ continental United States”
means the states of the United States, the District of Columbia, and the Territory of Alaska; the term
‘ *person’ ’ means an individual, partnership, association, or corporation; and the term “ banking institu­
tion” includes any person engaged primarily or incidentally in the business of banking, of granting or
transferring credits, or of purchasing and selling foreign exchange or procuring purchasers and sellers thereof,
as principal or agent; and, for the purposes of this order, each home office, branch, principal, agent, or cor­
respondent of any person so engaged shall be regarded as a separate “ banking institution” .
S e c t i o n 8. Section 8 of the executive order of August 28, 1933, relating to the hoarding, export,
and earmarking of gold coin, bullion, or currency and to transactions in foreign exchange, is hereby revoked.
This executive order and any rules, regulations, or licenses prescribed or issued hereunder may be
modified or revoked at any time.
FRANKLIN D. ROOSEVELT.
T he W

h it e

H

ou se,

January 15,1934.
(A copy of the executive order of August 28, 1933, to which reference is made in Section 8 of the above executive
order, was transmitted with our circular No. 1273, dated August 31, 1933.)




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

(0501

EXECUTIVE O RD ER
Am ending the Executive Order o f March 10, 1933, and the Proclam ation
o f December 30, 1933, Concerning the Operation o f Banks

By virtue of the authority vested in me by Section 5 (b) of the Act of October 6, 1917 (40 Stat.
L. 411), as amended by the Act of March 9, 1933, and by Section 4 of said Act of March 9, 1933, and
by virtue of all other authority vested in me, I, FRANKLIN D. ROOSEVELT, PRESIDENT OF
THE UNITED STATES OF AMERICA, do hereby issue the following executive order:
S e c tio n 1. The last two paragraphs of the executive order of March 10, 1933, concerning the
operation of banks, are amended, effective from the date of this order, by striking out the following:

“ nor to engage in any transaction in foreign exchange except such as may be undertaken
for legitimate and normal business requirements, for reasonable traveling and other personal
requirements, and for the fulfillment of contracts entered into prior to March 6, 1933.
“ Every Federal Reserve bank is authorized and instructed to keep itself currently
informed as to transactions in foreign exchange entered into or consummated within its
district and shall report to the Secretary of the Treasury all transactions in foreign exchange
which are prohibited.”
The Secretary of the Treasury is authorized to amend the licenses heretofore issued with his
approval by the Federal Reserve banks under the executive order of March 10, 1933, by issuing
through the Federal Reserve banks amendatory licenses removing the restriction upon transactions
in foreign exchange contained in the licenses heretofore issued.
Section 2. The proclamation of December 30, 1933, relating to the licensing of banking insti­
tutions which are not members of the Federal Reserve system, is amended, effective from the date of
this order, by striking out the following:

“ nor to engage in any transaction in foreign exchange except such as may be under­
taken for legitimate and normal business requirements, for reasonable traveling and other per­
sonal requirements, and for the fulfillment of contracts entered into prior to March 6, 1933. ’ ’
3. The amendment of such executive order of March 10, 1933, or of any licenses issued
thereunder, and the amendment of such proclamation of December 30, 1933, shall not affect any act
done, or any order, decision, or finding made, or relieve any person from the consequences of any
unauthorized act committed prior to the date of this executive order; nor shall the amendment of the
executive order of March 10, 1933, or the proclamation of December 30, 1933, relieve any person from
the obligation of complying with the terms of the executive order of January 15, 1934, relating to the
export of coin and currency and transactions in foreign exchange, or the regulations or licenses issued
thereunder, or of any other provisions of law affecting transactions in foreign exchange.
S e c tio n

FRANKLIN D. ROOSEVELT.
T he W

h it e

H

o u se,

January 15,1934.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

X) » 10 S O 1

Authority

(Amending Proclamations of March 6 and March 9, 1933, and the Executive Order of
March 10, 1933 and All Orders and Regulations Pursuant Thereto)

By the President of the United States of America

A PR O C LA M A TIO N
W h e r e a s , on March 6, 1933, I, Franklin D. Roosevelt, President of the United States of America,
by virtue of authority vested in me by Act of October 6, 1917 (40 Stat. L. 411), as amended, issued a
Proclamation declaring that an emergency existed and that a National banking holiday be observed ;
W h e r e a s , on March 9, 1933, I issued a Proclamation continuing the terms and conditions of said
Proclamation of March 6, 1933, in full force and effect until further proclamation by the President;
W h e r e a s , on March 10, 1933, I issued an Executive order authorizing the appropriate authority
having immediate supervision of banking institutions in each State or any place subject to the juris­
diction of the United States to permit any banking institution not a member of the Federal Reserve

System to perform any or all of its usual banking functions except as otherwise provided;
W h e r e a s , the Secretary of the Treasury, pursuant to authority granted by other provisions of
the said Executive order of March 10, 1933, has acted upon all requests for licensing of banks members
of the Federal Reserve System;

.*•

W h e r e a s , the Federal Deposit Insurance Corporation has acted upon all applications to it for
membership in the Temporary Federal Deposit Insurance Fund as provided for in Section 12B (y)
of the Federal Reserve Act as amended by Section 8 of the Act of June 16, 1933, Public No. 66,
Seventy-third Congress, and has admitted to the said Fund all applicant banks which are duly and
properly qualified; and
W h e r e a s , it is now appropriate that the banking authority in each State and any place subject
to the jurisdiction of the United States should have and exercise the sole responsibility for, and con­
trol over, banking institutions not members of the Federal Reserve System;

NOW, THEREFORE, I, FRANKLIN D. ROOSEVELT, PRESIDENT of the UNITED
STATES, in order to assure that the banking authority in each State and in any place subject to the
jurisdiction of the United States shall have and exercise the sole responsibility for, and control over,
banking institutions which are not members of the Federal Reserve System, do hereby proclaim, order,
direct, and declare that the Proclamations of March 6, 1933 and March 9, 1933, and the Executive
order of March 10, 1933, and all orders and regulations pursuant thereto, are amended, effective the
first day of January, nineteen hundred and thirty-four, to exclude from their scope banking insti­
tutions which are not members of the Federal Reserve System. PROVIDED, HOWEVER, That no
banking institution shall pay out any gold coin, gold bullion, or gold certificates, except as authorized
by the Secretary of the Treasury, nor allow the withdrawal of any currency for hoarding, nor engage
in any transactions in foreign exchange except such as may be undertaken for legitimate and normal
business requirements, for reasonable traveling and other personal requirements, and for the fulfill­
ment of contracts entered into prior to March 6, 1933.
I n w it n e s s
be affixed.

w h e r e o f,

I have hereunto set my hand and caused the seal of the United States to

Done in the City of Washington this 30th day of December in the year of our Lord one thousand
nine hundred and thirty-three, and of the Inde­
pendence of the United States the one hundred and
fifty-eighth.
FRANKLIN D. ROOSEVELT.
By the President:
W

il l ia m

P h il l ip s ,

Acting Secretary of State.

(Copies of the Proclamations of March 6 and March 9, 1933, to which reference is made in the above procla­
mation, were transmitted with our circulars No. 1168, dated Ma/ch 8,1933 and No. 1172, dated March 9,1933, respectively.)




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

^

A)» ( 0 5 0 )

RSC'D Df FILES SECTION

F E B - 7 1950
FEDERAL RESERVE BANK
OF NEW YORK

r Circular No. 1326T

I*December 29, 1933 J

Information from the Treasury Department With Respect to Order of the Secretary of the
Treasury of December 28, 1933, Requiring the Delivery of Gold Coin, Gold Bullion, and
Gold Certificates to the Treasurer of the United States

To all Member Banks in the
Second Federal Reserve District:

Following is an extract from a telegram received today from the Treasury Department:
“ In order to facilitate immediate payment for gold coin, gold bullion, and gold certificates
delivered under the Secretary’s order of December 28,1933, the Federal Reserve Banks are author­
ized to make payment for gold coin and gold certificates dollar for dollar and gold bullion at
$20.67 per fine ounce and charge the Treasurer’s account with the Federal Reserve Bank for such
amounts provided confirmation is sent each day by such Federal Reserve Bank to the Treasurer of
the United States that it holds the coin, bullion, and certificates so delivered and paid for in cus­
tody for the Treasurer of the United States. Similarly member banks are authorized if they wish
to advance payment to the persons delivering coin, bullion, and certificates at the same rates and
the Federal Reserve Banks may credit such member banks such amounts and debit the account of
the Treasurer of the United States upon receipt of advice that the gold coin, gold bullion, and
gold certificates are held in custody for the United States and are forthwith being delivered to
the Federal Reserve Bank to be held in custody for the Treasurer of the United States. Gold
coin and bullion of doubtful value should be accepted and held in custody for account of the
United States and instructions requested of the Treasurer of the United States as to its disposition
and payment therefor. . . . ”

We have also been requested in a telegram received later today from the Treasury
Department to advise all member banks that:
“ United States gold coin which is obviously mutilated or below the weight of tolerance
allowed by law should be treated as bullion of uncertain value and confirmation should go direct
to the Treasurer with request for instructions. Member banks will not, however, be charged on
account of any loss for underweight coins on which they advance payment in good faith. . . . ”




G eorge L. H

a r r is o n ,

Governor.

r*&

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

IQ5QI

/

FEDERAL RESERVE

REC’D in

OF NEW YORK

files section

F E B - 7 1950
-£ ,/ S \

i" Circular Njpy^iQ24*]

L December ZeT 1933 J

O RD ER OF THE SECRETARY OF THE TR EA SU R Y
R equiring the Delivery o f G old Coin, G old Bullion, and G old Certificates
to the Treasurer o f the United States

To each Banking Institution in the
Second Federal Reserve District:
A t the request o f the A ctin g S ecretary o f the T reasury we transm it
to you herewith, printed on the follow in g pages, a copy o f an order o f the
S ecretary o f the T reasu ry dated Decem ber 28, 1933, requiring the
delivery o f gold coin, gold bullion, and gold certificates to the T reasurer
o f the United States, as stated therein.
W e are requested by the A ctin g Secretary o f the T reasury to request
you to give to the order the widest publicity possible and particularly
to call it to the attention b y telegraph or telephone o f each o f your
custom ers whom you have any reason to believe holds any gold coin,
gold bullion or gold certificates required to be delivered.




G eorge

L.

H a r r is o n ,

Governor.

W

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

A)- ( 0 5 0 1

ORDER OF THE SEC R E TA R Y OF THE TR EA SU R Y
R equiring the Delivery o f G old Coin, G old B ullion, and G old Certificates
to the Treasurer o f the United States

W h e r e a s Section 11 of the Federal Reserve Act of December 23, 1913, as amended by Section 3 of the
Act of March 9, 1933, entitled “ an act to provide relief in the existing national emergency in banking,
and for other purposes” , provides in Subsection (n) as follows:

‘ ‘ Whenever in the judgment of the Secretary of the Treasury such action is necessary to
protect the currency system of the United States, the Secretary of the Treasury, in his discre­
tion, may require any or all individuals, partnerships, associations and corporations to pay and
deliver to the Treasurer of the United States any or all gold coin, gold bullion, and gold cer­
tificates owned by such individuals, partnerships, associations and corporations. Upon receipt
of such gold coin, gold bullion or gold certificates, the Secretary of the Treasury shall pay
therefor an equivalent amount of any other form of coin or currency coined or issued under
the laws of the United States. The Secretary of the Treasury shall pay all costs of the trans­
portation of such gold bullion, gold certificates, coin, or currency, including the cost of insur­
ance, protection, and such other incidental costs as may be reasonably necessary. Any individual,
partnership, association or corporation failing to comply with any requirement of the Secretary
of the Treasury made under this subsection shall be subject to a penalty equal to twice the value
of the gold or gold certificates in respect of which such failure occurred, and such penalty may
be collected by the Secretary of the Treasury by suit or otherwise. ’ ’ and
W h ereas

in my judgment such action is necessary to protect the currency system of the United

States:
NOW, THEREFORE, I, HENRY MORGENTHAU, JR., ACTING SECRETARY OF THE
TREASURY, do hereby require every person subject to the jurisdiction of the United States forthwith to
pay and deliver to the Treasurer of the United States all gold coin, gold bullion, and gold certificates situ­
ated in the United States, owned by such person except as follows:
(a) Gold bullion owned by a person now holding such gold under a license heretofore granted
by or under authority of the Secretary of the Treasury, pursuant to the executive order of August
28, 1933, relating to the hoarding, export and earmarking of gold coin, bullion, or currency and
to transactions in foreign exchange;
(b) Gold coin having a recognized special value to collectors of rare and unusual coin (but
not including quarter eagles, otherwise known as $2.50 pieces) ;
(c) Unmelted scrap gold and gold sweepings in an amount not exceeding in the aggregate
$100 belonging to any one person; and gold which has been put through a process of fabrication
for a specific and customary industrial, professional, or ornamental use;
(d) Gold coin, gold bullion, and gold certificates owned by a Federal Reserve Bank or the
Reconstruction Finance Corporation; and
(e) Gold bullion and foreign gold coin now situated in the Philippine Islands, American
Samoa, Guam, Hawaii, Panama Canal Zone, Puerto Rico, or the Virgin Islands of the United
States, owned by a person not domiciled or doing business in the continental United States.
S e c t i o n 2. Delivery. The gold coin, gold bullion and gold certificates herein required to.be paid and
delivered to the Treasurer of the United States shall be delivered by placing the same forthwith in the
custody of a Federal Reserve Bank or branch or a bank member of the Federal Reserve System for the
account of the United States and by forwarding confirmation that the gold coin, gold bullion, and gold
certificates have been so placed in custody for the account of the United States and are held subject to the
order of the Treasurer of the United States, signed by such bank and the person making the delivery (or
the authorized agent of such person) to the Treasurer of the United States, Washington, D. C., in a postage




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ AX 1 0 5 0 1

prepaid envelope bearing a postmark dated prior to midnight of the day the gold coin, gold bullion, and
gold certificates are so placed in custody.
S e c t i o n 3. Payment and Reimbursement of Costs. Upon receipt of the confirmation signed and de­
livered as required under Section 2, the Secretary of the Treasury will pay for the gold coin, gold bullion
and gold certificates placed in custody for the account of the United States in accordance with Section 2
an equivalent amount of any form of coin or currency coined or issued under the laws of the United States
designated by the Secretary of the Treasury. The Secretary of the Treasury will pay all costs of the
transportation of such gold coin, gold bullion, and gold certificates to the Federal Reserve Bank or branch
or bank member of the Federal Reserve System in the city or town nearest to the place where such gold
coin, gold bullion and gold certificates are now situated, including the cost of insurance, protection, and
such other incidental costs as may be reasonably necessary. Persons desiring reimbursement for such costs
actually incurred shall submit their accounts on voucher forms which may be obtained by writing to the
Treasurer of the United States, Washington, D. C.

4. Definitions. As used in this order, the term “ person” means any individual, partnership,
association, or corporation; the term “ United States” means the United States and any place subject to
the jurisdiction thereof; the term “ continental United States” means the states of the United States, the
District of Columbia, and the Territory of Alaska; the term “ gold coin” means any coin containing gold,
including foreign gold coin; and the term ‘ *gold bullion ’ ’ means any gold which has been put through a
process of smelting or refining that is in such form that its value depends upon the gold content and not
upon the form, but does not include gold coin or metals containing less than five troy ounces of fine gold
per short ton.
S e c tio n

S e c t i o n 5. Any individual, partnership, association, or corporation failing to comply with any require­
ment hereof or of any rules or regulations issued by the Secretary of the Treasury hereunder shall be sub­
ject to the penalty provided in Section 11 (n) of the Federal Reserve Act, as amended.

This order may be modified or revoked at any time.
H.
Approved:
FRANKLIN D. ROOSEVELT,
The White House.
December 28, 1933.




Jr.,
Acting Secretary of the Treasury.

M o rg e n th a u ,

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

f.x). 10501

REC v

a ? rx y te s e c tio n ;
1

7

J95Q

FEDERAL RESERVE BANK
OF NEW YORK
Circular No. 1322, Der.ep-ihfy 20, 1933 "1
S u p p l e m e n t to Circular “ o. 1291, I
as supplemented.
J

t
To all Banking Institutions in the
Second Federal Reserve District:

Supplementing information given in our circulars Nos. 1291, 1299, 1305, 1311 and
1316, the following additions should be made to the list o f banking institutions in the
Second Federal Reserve District which have been licensed to resume full banking opera­
tions :

MEMBER BANKS
N EW YORK STATE
A lta m on t.............................The First National Bank o f Altamont
C anajoharie....................... National Spraker Bank in Canajoharie
(Newly chartered to succeed The National Spraker Bank of Canajoharie)

Y on k ers...............................First National Bank in Yonkers
(Newly chartered to succeed The First National Bank and Trust Company
of Yonkers)

N EW JERSEY
Jam esburg........................... The First National Bank of Jamesburg

NONMEMBER BANK
NEW JERSEY
C lifton...................................Clifton Trust Company

NEW MEMBER BANKS
The following State banking institutions, previously licensed to resume full bank­
ing operations by the Superintendent o f Banks of the State of New York, have been
admitted to membership in the Federal Reserve System:
N EW YORK STATE
D elm a r.................................Bank o f Bethlehem
Ellenburg D epot............... The State Bank of Ellenburg
Ontario.................................. State Bank of Ontario

'

*

3 0 f , / (* )



^

G eorge L. H a r r is o n ,

Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^

X)« {0501

REC’D

FORM F. R. 3 2 6

IN FILES SECTION
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31950

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Subject:

REMARKS.




3

f i •£' / a

)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ X ) ♦ 10 5 0 1

List of Banking Institutions in the Second Federal Reserve* District
Licensed to Resume Full Banking Operations
To all Banking^Institutions in the
Second Federal Reserve District:

For your infarmatioiij and superseding circular !No. 1232, dated May 24, 1933,
as supplemented, we are sending yqu herewith a list, arranged alphabetically by
and cities,7 of all member banks in the Second Federal Reserve District
fpstates
which thus far have been licensed to resume full banking operations in accordance
with executive orders of the President of the United States and regulations of the
Secretary of the Treasury. There also is included a list of all nonmember banking
institutions in the district which have been licensed to reopen for full banking
operations under the same orders and regulations, so far as information with
regard to them has been received from the respective State banking departments
within whpse jurisdiction they operate.
The lists have been prepared in four sections:
(1) Member banks.
(2) Nonmember State banks and trust companies.
(3) Savings banks.
(4) Private bankers, miscellaneous banking companies, etc.

All changes in names, consolidations, mergers, and absorptions of banks of
which we have been advised since March 16, 1933 are noted in their appropriate
places in this list.
Banking institutions whose names are prefixed ^ith the capital letter'® are
located in the territory assigned to our Buffalo Branch, which comprises the ten
westerly counties of New York State as follows: Allegany, Cattaraugus, Chautauqua,
Erie, Genesee, Livingston, Monroe, Niagara, Orleans, and Wydming.
Each member State bank or trust company in the list of member banks is
designated by an asterisk.
As occasion requires, supplements to this circular will be published containing
the names of additional banking institutions which hereafter are licensed to resume
full banking operations and also containing any other necessary changes.
These lists do not take the place of the par list.




G e o bg e L. H

a r r is o n ,

Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

^

(DSC)}

M EM BER BANKS— SECOND FED ERAL RESERVE D ISTRICT

MEMBER BANKS
Bethel .............
B rid g ep ort___
D an bu ry.........
D a n b u ry .........
East Port
C hester........
G reenw ich----New Canaan...
N orw a lk .........
R idgefield.......
South Norwalk
Stamford . . . . .

N E W JERSEY— (Continued)
Boonton . . . . . . . The Boonton National Bank
Boonton . . . . . . , ♦Boonton Trust Company
Bound Brook . The First National Bank of
Bound Brook
Bradley Beach
The First National Bank of
Bradley Beach
B u tle r ............. The First National Bank of Butler
Caldwell .......... The Caldwell National Bank
Caldwell . . . . . . The Citizens National Bank and
Trust Company of Caldwell
C a rteret..........♦Carteret Bank and Trust Company
Cedar Grove .. The First National Bank of
Cedar Grove
Clifton ............ The Clifton National Bank
Clifton ............ The First National Bank of Clifton
Clinton ........... The Clinton National Bank
Clinton . . . . . . . The First National Bank of Clinton
Closter ............ Closter National Bank and Trust
Company
Cranbmry . . . . . The First National Bank of
Cranbury
Cranford ......... ♦Cranford Trust Company
C ranford....... . The First National Bank of Cranford
Dover ............. ♦The Dover Trust Company
Dover ............. The National Union Bank of Dover
Dumont . . . —
The Dumont National Bank
Dunellen . . . . . The First National Bank of Dunellen
Dunellen ........ ♦People’s Trust Company
East Orange .. *East Orange Trust Co. (absorbed
by Savings Investment & Trust
Co., East Orange, August 10, 1933)
East Orange .. ♦Savings Investment & Trust Co.
Eatontown . . . The First National Bank of
Eatontown
Elizabeth ......... ♦Central Home Trust Company of
Elizabeth, N. J.
Elizabeth . . . . . . ♦The Elizabethport Banking
Company
Elizabeth ....... . The National State Bank of
Elizabeth
Englewood . . . The Citizens National Bank and
Trust Company of Englewood
Englishtown .. The First National Bank of
Englishtown
Farmingdale .. The First National Bank of
Farmingdale
Flemington —
The Flemington National Bank and
Trust Company
Flemington . . . The Hunterdon County National
Bank of Flemington
Fort L e e ......... ♦Fort Lee Trust Company
Franklin . . . . . ♦Sussex County Trust Company
Freehold ........ The Central National Bank of
Freehold
Freehold ........ The First National Bank of Freehold
Frenchtown .. The Union National Bank of
Frenchtown
Garwood ........ The First National Bank of Garwood
Glen Ridge . . . ♦Glen Ridge Trust Company
Glen R o c k ___ Glen Rock National Bank

CONNECTICUT
The Bethel National Bank
The First National Bank and Trust
Company o f Bridgeport
City National Bank & Trust
Company of Danbury
The Danbury National Bank
The Bryam National Bank of East
Port Chester (P.O., Port Chester,
N. Y .)
First National Bank in Greenwich
The First National Bank & Trust
Company of New Canaan
The National Bank of Norwalk
The First National Bank and Trust
Company of Ridgefield
The City National Bank of South
Norwalk
First-Stamford National Bank &
Trust Co.

N E W JERSEY
The First National Bank of
Allendale
Allenhurst . . .
Allenhurst National Bank and Trust
Company
Allentown . . .
The Farmers National Bank of
Allentown
Asbury Park .
Asbury Park National Bank and
Trust Company
Atlantic
The Atlantic Highlands National
Bank
Highlands .
Bayonne .
*Bayonne Trust Company
Bayonne .
Hudson County National Bank
(branch, head office Jersey City)
Bayonne ..
The Mechanics’ National Bank of
Bayonne
Belleville ..
The First National Bank of
Belleville
Belleville ..
Peoples National Bank and Trust
Company of Belleville
Belvidere ..
The First National Bank of
BelvMere
The Bergenfield National Bank and
Bergenfield
Trust Company
The Bernardsville National Bank
Bernardsville
The First National Bank of
Blairstown .
Blairstown
♦Bloomfield Bank and Trust
Bloomfield .
Company
♦Community Trust Company of
Bloomfield .
Bloomfield
♦The Watsessing Bank
Bloomfield .
Bloomingdale . The First National Bank of
Bloomingdale
Bloomsbury ... The Citizens National Bank of
Bloomsbury
♦Bank of Bogota
Bogota
The Bogota National Bank
Bogota
Allendale . . . .




2

* State bank member

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority _|2

D. 10501

M EM BER BANKS— SECOND FE D E R A L RESERVE D ISTRICT
N EW JERSEY— (Continued)
Millburn ........ The First National Bank of Millbum
Milltown ........ The First National Bank of Milltown
M on tclair....... ♦Bank of Montclair
M on tclair....... The First National Bank and Trust
Company of Montclair (P. O.,
Upper Montclair, N. J.)
M on tclair....... The Montclair National Bank
M on tclair....... ♦Montclair Trust Company
Montclair . . . . . The Peoples National Bank of
Montclair (absorbed by Montclair
Trust Company, Montclair, August
31, 1933)
Morristown . . . The First National Bank of
Morristown
Morristown . . . *Morristown Trust Company
Morristown . . . The National Iron Bank of
Morristown
N e tco n g .......... The Citizens National Bank of
Netcong
N ew ark........... ♦Columbus Trust Company
N ew ark........... ♦Federal Trust Company
Newark . ........ ♦Fidelity Union Trust Company
Newark . ........ ♦Franklin Washington Trust
Company
Newark .......... Lincoln National Bank of Newark
N ew ark........... ♦Merchants and Newark Trust
Company of Newark, N. J.
N ew ark........... The Mount Prospect National Bank
of Newark
N ew ark........... The National Newark and Essex
Banking Company of Newark
N ew ark........... The National State Bank of Newark
N ew ark......... . The Peoples National Bank of
Newark
N ew ark........... The South Side National Bank and
Trust Company of Newark
N ew ark........... Union National Bank in Newark
N ew ark........... ♦United States Trust Company of
Newark
New Brunswick The National Bank of New Jersey
New
The Peoples National Bank o f
Brunswick ..
New Brunswick
Newton .......... The Sussex and Merchants Natioilal
Bank of Newton
NorthArlington The North Arlington National Bank
North Bergen . The First National Bank of
North Bergen
Nutley ............ ♦Bank of Nutley
Nutley ............ The First National Bank of Nutley
Nutley ............ The Franklin National Bank of
Nutley
Oradell ........... The First National Bank of Oradell
Orange ........... The Second National Bank o f
Orange
Orange ........... ♦The Trust Company of Orange
(merged into Savings Investment
and Trust Company, East Orange,
September 1, 1933)
Park Ridge . . . The First National Bank of
Park Ridge

N E W JERSEY— (Continued)
The Bergen County National Bank
Hackensack ..
of Hackensack
Hackensack .. The City National Bank and Trust
Company of Hackensack
Hackensack .. ♦Peoples Trust and Guaranty
Company
Hackensack ... * State Bank & Trust Company of
Hackensack, N. J.
The Hackettstown National Bank
Hackettstown.
The Peoples National Bank of
Hackettstown.
Hackettstown
Haledon National Bank
H a led on ........
The Hardyston National Bank of
H a m b u rg---Hamburg
The Harrison National Bank
Harrison . . .
Hasbrouck
♦Bank of Hasbrouck Heights
Heights ..
The First National Bank of
High Bridge
High Bridge
The First National Bank of
Highland Park
Highland Park
The Hillsdale National Bank
Hillsdale .
The Hillside National Bank
Hillside .
(P.O., Elizabeth, N. J.)
The First National Bank of Hoboken
Hoboken
The First National Bank of Hope
H o p e ---The Irvington National Bank
Irvington
The Peoples National Bank & Trust
Irvington
Company of Irvington
♦Commercial Trust Company of
Jersey City
New Jersey
The First National Bank of
Jersey City
Jersey City
The Franklin National Bank of
Jersey City
Jersey City
Hudson County National Bank
Jersey City
Journal Square National Bank of
Jersey City
Jersey City (absorbed by Hudson
County National Bank, Jersey City,
June 30, 1933)
♦The New Jersey Title Guarantee and
Jersey City .
Trust Company
The Keansburg National Bank
Keansburg
The First National Bank and Trust
Kearny.......
Company of Kearny
Kearny National Bank
Kearny
The Peoples National Bank of
Keyport
Keyport
Amwell National Bank
Lambertville
The Lambertville National Bank
Lambertville
♦Linden Trust Company
Linden . . .
The Little Falls National Bank
Little Falls
The Little Ferry National Bank
Little Ferry
Livingston National Bank
Livingston
First National Bank in Lodi
Lodi ..........
The First National Bank of Madison
Madison . .
Manasquan
Manasquan National Bank
Manville ..,
The Manville National Bank
Matawan ..
The Farmers and Merchants
National Bank of Matawan
The First National Bank of Milford
Milford




3

* State bank member

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

(Q5QI

MEMBER BANKS— SECOND F ED ERAL RESERVE D ISTRICT
N E W JERSEY— (Continued)
Passaic ....... . . Passaic National Bank and Trust
Company
The First National Bank of Paterson
Paterson
♦The Hamilton Trust Company of
Paterson
Paterson
The Paterson National Bank
Paterson
The Second National Bank of
Paterson
Paterson
Perth Amboy.
The First National Bank of Perth
Amboy
Perth Amboy .
The Perth Amboy National Bank
Perth Amboy. ♦Perth Amboy Trust Company
Perth Amboy. -♦Raritan Trust Company
Phillipsburg .
The Phillipsburg National Bank and
Trust Company
Phillipsburg .
The Second National Bank of
Phillipsburg
Plainfield . . . .
The First National Bank of
Plainfield
Plainfield . . .
♦Mid-City Trust Company
Plainfield . . .
The Plainfield National Bank
Plainfield . ..
♦The Plainfield Trust Company
Plainfield . . .
♦The State Trust Company
Pompton Lakes The First National Bank and Trust
Company of Pompton Lakes
Prospect Park
The Prospect Park National Bank
(P. O. Paterson, N. J.)
Rahway
The Rahway National Bank
Rahway
♦Rahway Trust Company
Ramsey
The First National Bank and Trust
Company of Ramsev
Red Bank
The Second National Bank and
Trust Company of Red Bank
Ridgefield .
The Ridgefield National Bank
Ridgefield
♦Ridgefield Park-Overpeck Trust
Park . . .
Company
Ridgewood
Citizens National Bank and Trust
Company of Ridgewood
Ridgewood ...
First National Bank and Trust
Company of Ridgewood
Rochelle Park ♦Rochelle Park Bank, of Rochelle
Park, N. J.
Rockaway
First National Bank in Rockawa v
Roselle ....
The First National Bank of Roselle
Rutherford
The Rutherford National Bank
Rutherford
♦Rutherford Trust Company
Sayreville .
The First National Bank of
Sayreville
Somerville . . .
The Second National Bank of
Somerville
South Amboy
The First National Bank of
South Amboy
South Oransre. ♦Savings Investment and Trust
Company, (branch, head office
East Orange)
South Orange
♦South Orange Trust Company
South
The First National Bank of
Plainfield ..
South Plainfield
South River ..
The First National Bank of
South River
B;— Bank in Buffalo Branch territory




N E W JERSEY— (Continued)
Springfield . . . . The First National Bank of
Springfield
Sum m it....... The First National Bank and Trust
Company of Summit
Summit
♦The Summit Trust Company
Sussex . . . . . . . . The Farmers National Bank of
Sussex
Teaneck .......... The Teaneck National Bank
T e n a fly ........... The Northern Valley National
Bank of Tenafly
U n io n .............. The Union Center National Bank
The First National Bank of
Union City .
Union City
Washington.
The First National Bank of
Washington
Weehawken
The Hamilton National Bank of
Weehawken
West
Englewood . The West Englewood National Bank
Westfield ....... The National Bank of Westfield
Westfield ____ ♦Peoples Bank and Trust Company
of Westfield
Westfield . . . . ♦The Westfield Trust Company
W est New
♦The New Jersey Title Guarantee and
Y o r k ............
Trust Co. (branch, head office
Jersey City)
W est Orange
The First National Bank of
W est Orange
Westwood ..
The First National Bank of
Westwood
Westwood ..
♦Westwood Trust Company
Whippany ..
The First National Bank of
Whippany
W ood Ridge
The W ood Ridge National Bank
W y c k o ff---The First National Bank of
W yckoff
N E W Y O R K STA TE
♦Citizens and Farmers Trust
Company
A d d is o n .......... The First National Bank of Addison
Afton .............. First National Bank of Afton
Albany ............. ♦First Trust Company of Albany
A lb a n y ............ The National Commercial Bank and
Trust Company of Albany
Albany . . . . . . . The New York State National Bank
of Albany
Allegany ........B The First National Bank of Allegany
Amenia
The First National Bank of Amenia
A m ityville___ First National Bank and Trust
Company of Amityville
Amsterdam . . . The Amsterdam City National Bank
Amsterdam . . . The Farmers National Bank of
Amsterdam
Amsterdam . . . The First National Bank of
Amsterdam
Amsterdam . . . ♦Montgomery County Trust Company
A n d e s .............. The National Bank of Andes
A n d o v e r.........B The Burrows National Bank of
Andover
Angola . . . . . . . .B The Evans National Bank of Angola
Adams . . . .

4

* State bank member

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

A ). ( Q S O )

M EM BER BANKS— SECOND FE D E R A L RESERVE D ISTRICT
N EW
Arcade . . . . . . .
Ardsley ........
Argyle ..........
Athens ..........
A u b u rn .........

Y O R K STATE— (Continued)
N E W Y O R K STATE— (Continued)
. B The First National Bank of Arcade
C a ir o .......
The First National Bank of Cairo
. The First National Bank of Ardsley Caledonia ...... B The First National Bank of
- The National Bank of Argyle
Caledonia
Callicoon.......... First National Bank in Callicoon
. The Athens National Bank
. The Auburn-Cayuga National Bank Cambridge . . . . The Cambridge Valley National
and Trust Company (name
Bank
changed to The National Bank of Camden .......... The First National Bank and Trust
Auburn, May 31, 1933)
Company of Camden
A u b u rn ......... . The National Bank of Auburn
Canajoharie ... The Canajoharie National Bank
Aurora .......... . The First National Bank of Aurora
Canandaigua .. The Canandaigua National Bank and
A v o c a ___
. ♦Bank of Avoca
Trust Company
B a b y lo n ........ . The Babylon National Bank & Trust Canandaigua . . ♦Ontario County Trust Company
Company
Canastota . . . . The First National Bank of
Bainbridge ... . The First National Bank of
Canastota
Bainbridge
Candor ............ The First National Bank o f Candor
Baldwin . . . . . . ~ The Baldwin National Bank and
Canisteo ......... ♦First State Bank of Canisteo, N. Y.
Trust Company
Canton ........... The First National Bank of Canton
Baldwinsville . The First National Bank and Trust
Canton ........... The St. Lawrence County National
Company of Baldwinsville
Bank of Canton
Ballston Spa . . The Ballston Spa National Bank
Carmel . . . . . . . . The Putnam County National Bank
Barker . . . . . .B The Somerset National Bank of
of Carmel
Barker
Carthage ........ Carthage National Exchange Bank
Batavia . . . . . . . .B The First National Bank of Batavia Castleton on
The National Exchange Bank of
B atavia........ .^♦Genesee Trust Company
Castleton on Hudson
Hudson . . . .
Bath .............. . The Bath National Bank
C atskill........... Catskill National Bank and Trust
Company
Bay Shore . . . . The First National Bank and Trust
C atskill........... The Tanners National Bank of
Company of Bay Shore
Catskill
B e a co n .......... . The Fishkill National Bank of
Cazenovia . . . . The Cazenovia National Bank
Beacon
Cedarhurst . . . . The Peninsula National Bank of
Beacon . . . . . . . The Matteawan National Bank of
Cedarhurst
Beacon
Center
B e lfa s t .......... .B The First National Bank of Belfast
Moriches . . . ♦Center Moriches Bank
Bellerose . . . . . The First National Bank of
Central Islip . . The Central Islip National Bank
Bellerose
The First National Bank of
Bellmore . . . The First National Bank of Bellmore Central Square
Central Square
B elm on t........ , B*The State Bank of Belmont, N. Y.
Central Valley
The Central Valley National Bank
Binghamton . . The City National Bank of
Chappaqua ___ The Chappaqua National Bank
Binghamton
Chateaugay . . . The First National Bank of
Binghamton . . The First National Bank of
Chateaugay
Binghamton
Binghamton . . ♦Marine Midland Trust Company of Chatham . . . . . ♦State Bank, Chatham, New York
Cherry Valley.. Otsego County National Bank of
Binghamton
Cherry Valley
Blasdell ........ ,B*Bank of Blasdell
Chester . . . . . . The Chester National Bank
Bolivar . . . . . . . ,B The First National Bank of Bolivar
Bolton National Bank of Bolton
Clayton . . . . . ^ The First National Exchange Bank
Bolton
Landing
of Clayton
Landing . . .
Clifton Springs The Ontario National Bank of ,
Boonville . . . . . The First National Bank of
Clifton Springs
Boonville
Clinton ........... The Hayes National Bank of Clinton
The National Exchange Bank of
Boonville
Clyde .............. The Briggs National Bank & Trust
Boonville
Company of Clyde
Brewsters . . . . The First National Bank of
Cobleskill ___ The First National Bank of
Brewsters
Cobleskill
Bridgehampton The Bridgehampton National Bank
Cohocton ........ ♦The Cohocton State Bank
Bronxville . . . . The Gramatan National Bank and
Cohoes ............ The National Bank of Cohoes
Trust Company of Bronxville
Cold Spring ... The National Bank of Cold Spring
Buffalo . . . . . . . B*Liberty Bank of Buffalo
on Hudson
B u ffa lo .......... B*The Marine Trust Company of
Buffalo
Cooperstown .. The First National Bank of
Cooperstown
Buffalo . . . . . . B The Niagara National Bank of
Cooperstown .. The Second National Bank of
Buffalo
Cooperstown
Buffalo ______ ■^Manufacturers and Traders Trust
Copenhagen .. The Copenhagen National Bank
Company
B is Bank in Buffalo Branch territory




5

* State bank member

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

a .

(Q5QI

M EM BER BANKS— SECOND FE D E R A L RESERVE D ISTRICT
N EW Y O R K STATE— (Continued)
Corning .......... First National Bank and Trust
Company of Corning
Cornwall . . . . . . The Cornwall National Bank
C ortland......... The National Bank of Cortland
C ortland......... Second National Bank and Trust
Company of Cortland
C oxsackie....... The National Bank of Coxsackie
Croghan ....... . The Croghan National Bank
Croton on
The First National Bank of Croton
on Hudson
Hudson ----Cuba ............... B The Cuba National Bank
Cuba . ............ B The First National Bank of Cuba
C utchogue___ The First National Bank of
Cutchogue
Dansville ........B The Merchants and Farmers
National Bank of Dansville
Delhi . . . . . . . . . . The Delaware National Bank of
^
Delhi
D e p o s it....... .... The Farmers National Bank of
Deposit
Dexter . . . . . . . The First National Bank of Dexter
D o lg e v ille ___ The First National Bank of
Dolgeville
Dover Plains .. The Dover Plains National Bank
Downsville . . . The First National Bank of
Downsville
Dryden .......... The First National Bank of Dry den
Dundee .......... The Dundee National Bank
D u n k irk ..........B*Dunkirk Trust Company
D u n k irk ..........B The Lake Shore National Bank of
Dunkirk
Dunkirk........... B The Merchants National Bank of
Dunkirk
Earlville . . . . . . The First National Bank of Earlville
East Aurora . .B*The Bank of East Aurora
East Islip . . . . The First National Bank of East
Islip
East
The Citizens National Bank of
Northport ..
East Northport
Eastport _____ The Eastport National Bank
East
East Rockaway National Bank &
Rockaway . .
Trust Company
East Setauket . The Tinker National Bank of East
Setauket
Edmeston ___ The First National Bank of
Edmeston
EUenville ....... The First National Bank and Trust
Company of Ellenville
E U enville....... The Home National Bank of
Ellenville
Elmira ............ ♦Chemung Canal Trust Company
Elmira ............ First National Bank & Trust
Company of Elmira
Elmira ............ Southside National Bank of Elmira
E lm sfo rd ........ The First National Bank of
Elmsford
E n d ico tt......... The Endicott National Bank
E n d ico tt......... *Endicott Trust Company
E n d ico tt......... *Union Trust Company of Endicott
(P. O —Union Station, N. Y.)
Fairport .......... 8 Fairport National Bank and Trust
Company
b

— Bank in Buffalo Branch territory




NEW Y O R K STA TE— (Continued)
Falconer......... ,B The First National Bank of Falconet
Farmingdale . . *The Bank of Farmingdale
Farmingdale . . The First National Bank of
Farmingdale
Fleischmanns . The First National Bank of
Fleischmanns
Floral Park .. . The First National Bank and Trust
Company of Floral Park
. * Floral Park Bank
Floral Park
The National Mohawk River Bank
Fonda .......
of Fonda
Forestville . ,B The First National Bank of
Forestville
The Fort Edward National Bank
Fort Edward
. The Fort Plain National Bank
Fort Plain
. Citizens First National Bank of
Frankfort
Frankfort
Franklin
The Franklin Square National Bank
Square ,
Franklin ville .B The Union National Bank of
Franklinville
Fredonia
.B*Citizens Trust Company of Fredonia,
New York
. B The National Bank of Fredonia
Fredonia
. The Citizens National Bank of
Freeport
Freeport
The First National Bank and Trust
Freeport ..
Company of Freeport
Friendship . .B The Union National Bank of
Friendship
Fulton ...... . Citizens National Bank and Trust
Company of Fulton
Fulton ville
. The Fultonville National Bank
Gainesville
. B The Gainesville National Bank
Garden City . *Garden City Bank and Trust
Company
Geneseo . . .
■B Genesee Valley National Bank and
Trust Company of Geneseo
Geneva ___
. *Geneva Trust Company
Geneva . . .
The National Bank of Geneva
Glen Cove .
The First National Bank of
Glen Cove
Glen Head .
The First National Bank of
Glen Head
Glens Falls
The First National Bank of
Glens Falls
Glens Falls
Glens Falls National Bank and Trust
Company
Gloversville
City National Bank and Trust
Company of Gloversville
Gloversville
The Fulton County National Bank
and Trust Company of
Gloversville
Gloversville
, *Trust Company of Fulton County
Goshen . . . .
The Goshen National Bank
Goshen
The National Bank of Orange
County of Goshen
The First National Bank of
Grand Gorge
Grand Gorge
The Washington County National
Granville . . .
Bank of Granville

6

* State bank nlember

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

^ A )« ( 0 SOj

M EM BER BANKS— SECOND FE D E R A L RESERVE D ISTRICT
N E W Y O R K STATE— (Continued)
Greene ............ First National Bank in Greene
Greenport . . . . The First National Bank of
Greenport
Greenport ___ The Peoples National Bank of
Greenport
G reen w ich ---- The First National Bank of
Greenwich
Groton ........... The First National Bank of Groton
H a m b u rg ....... B*Peoples Bank of Hamburgh
H am den..........The First National Bank of Hamden
Hamilton ....... The National Hamilton Bank
Hammondsport ♦The Bank of Hammondsport
Hampton Bays
The Hampton Bays National Bank
Hancock ______ The First National Bank of Hancock
Harrison ........ The First National Bank of Harrison
Harrisville.. . . . The First National Bank of
Harrisville
Hartsdale ___ The Hartsdale National Bank
Hartwick ....... The Hartwick National Bank
Hastings-upon- The First National Bank of
Hastings-upon-Hudson
Hudson ___
Hempstead . . . The Second National Bank of
Hempstead
H erk im er....... The First National Bank of
Herkimer
H e r m o n .......... The First National Bank of Hermon
H eu velton ___ The First National Bank of
Heuvelton
Hicksville ___ *Bank of Hicksville
Hicksville ___ The Long Island National Bank of
Hicksville
Highland ....... The First National Bank of
Highland
Highland Falls. First National Bank in Highland
Falls
Hobart ........... The National Bank of Hobart
Holcomb ....... The Hamlin National Bank of
Holcomb
Holland
The First National Bank of
Patent ........
Holland Patent
Homer ........... The Homer National Bank
Hoosick Falls . The Peoples-First National Bank of
Hoosick Falls
Horseheads . . . The First National Bank of
Horseheads
H u dson ........... The Farmers National Bank of
Hudson
Hudson Falls . The Peoples National Bank of
Hudson Falls
Hudson Falls . The Sandy Hill National Bank of
Hudson Falls
Huntington . . . First National Bank and Trust
Company of Huntington
Ilion ............... Ilion National Bank and Trust
Company
Interlaken . . . . The Wheeler National Bank of
Interlaken
In wood .......... The First National Bank of Inwood
Irvington ....... The Irvington National Bank and
Trust Company
Islip ............... The First National Bank of Islip
B’sst Bank in Buffalo Branch territory




N EW YO R K STATE— (Continued)
Ithaca ............. The First National Bank of Ithaca
Ith a ca ............. ♦Ithaca Trust Company
Ith a ca ............. The Tompkins County National
Bank
Jamestown .. B*Bank of Jamestown
Jamestown . . . B The First National Bank of
Jamestown
Jamestown . . . .B The National Chautauqua County
Bank of Jamestown
Jeffersonville . The First National Bank of
Jeffersonville
Johnson City.. * Workers Trust Company
Jord a n ............. The Jordan National Bank
K aton ah ......... ^Northern Westchester Bank
Keeseville . . . . The Keeseville National Bank
Kenmore ___ B The First National Bank of
Kenmore (P. O., Hertel Station,
Buffalo, N. Y.)
Kerhonkson ... The Kerhonkson National Bank
Kinderhook ... The National Union Bank of
Kinderhook
K in g sto n ........ First National Bank of Rondout
K in g sto n ........ ^Kingston Trust Company
K in g sto n ........ The Rondout National Bank of
Kingston
K in g sto n ........ The State of New York National
Bank
Lackawanna . . B Lackawanna National Bank
L a c o n a ............ The First National Bank of Lacona
La Fargeville . First National Bank of La Fargeville
Lake George .. First National Bank of Lake George
Lake
The National Bank of
Ronkonkoma
Lake Ronkonkoma
Lancaster -----B The Citizens National Bank of
Lancaster
Liberty .......... The National Bank of Liberty
Liberty .......... The Sullivan County National Bank
of Liberty
Lindenhurst .. The First National Bank of
Lindenhurst
Lisle ................ The First National Bank of Lisle
Little Falls . . . *The Herkimer County Trust
Company
Little Falls . . . The Little Falls National Bank
Livingston
The Livingston Manor National
Manor ___ _
Bank
L iv o n ia ........... ,B The Stewart National Bank of
Livonia
L o c k p o r t........ B Niagara County National Bank and
Trust Company
Long Beach ... The National City Bank of
Long Beach
Lowville ........ The Black River National Bank of
Lowville
Lowville ........*Lewis County Trust Company
Lynbrook . . . . The Lynbrook National Bank &
Trust Company
Lynbrook ___ The Peoples National Bank and
Trust Company of Lynbrook
Lyons............... The Lyons National Bank
Lyons Falls . . . The Lyons Falls National Bank
* State bank member

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ A)» ( 0 3 0 1

MEMBER BANKS— SECOND FED ERAL RESERVE D ISTRICT
N EW Y O R K STATE— (Continued)
New Berlin ... The National Bank of New Berlin
Newburgh . . . . Highland-Quassaick National Bank
and Trust Company of Newburgh
N ew burgh___ National Bank of Newburgh
New Hartford . The First National Bank of
New Hartford
New Paltz . . . . The Huguenot National Bank of
New Paltz
New Rochelle . The Central National Bank of
New Rochelle

N EW Y O R K STATE— (Continued)
Mahopac ........ The Mahopac National Bank
Malone ........... The Citizens National Bank of Malone
Malone ........... The Farmers National Bank of
Malone
Malone ........... *The Peoples Trust Company of
Malone
M anhasset___ First National Bank and Trust
Company of Manhasset
M arathon....... The First National Bank of
Marathon
Marcellus . . . . The First National Bank of Marcellus
Margaretville.. fT he Peoples National Bank of
Margaretville
Marion ............ The First National Bank of Marion
Marlboro ....... The First National bank of
„
Marlboro
Massena ........ The First National Bank and Trust
Company of Massena
Mattituck . . . . The Mattituck National Bank and
Trust Company
Maybrook. .. .1 . The Maybrook National Bank
Mayville ........B*The State Bank of Mayville,
Mayville, N. Y.
Merrick ......... The First National Bank of Merrick
M e x ic o ............ The First National Bank of Mexico
Middleburgh .. The First National Bank of
Middleburgh
Middleville . . . The Middleville National Bank
M ilfo r d ........... The Milford National Bank
M illb ro o k ....... ♦Bank of Millbrook
Millerton ....... The Millerton National Bank
Milton ............ The First National Bank of Milton
Mineola .......... The Central National Bank of
Mineola
Mineola .......... The First National Bank of Mineola
Mineola .......... ♦Nassau County Trust Company
Minoa ............ First National Bank of Minoa
Monticello ---- The National Union Bank of
Monticello
Montour Falls. Montour National Bank in
Montour Falls
M ora v ia .......... The First National Bank of Moravia
Morris ............ The First National Bank of Morris
Morristown ... The Frontier National Bank of
Morristown
Morrisville . . . The First National Bank of
Morrisville
Mount Kisco .. The Mount Kisco National Bank and
Trust Company
Mount Kisco .. *Trust Company of Northern
Westchester
Mount Morris .B Genesee River National Bank of
Mt. Morris
Mount Vernon
The First National Bank of
Mount Vernon
Mount Vernon ♦Fleetwood Bank
Nanuet ....... .. Nanuet National Bank
Narrowsburg . The First National Bank of
Narrowsburg
Newark
The First National Bank of
Valley .........
Newark Valley
b = Bank in Buffalo Branch territory
f Licensed since issuance of Circular No. 1286, Sept. 27,1933.



Borough of
The Bronx
Borough of
Brooklyn

Borough of
Manhattan

8

New York City
The National Bronx Bank of
New York
The Bensonhurst National Bank of
Brooklyn in New York
♦Brooklyn Trust Company
The Flatbush National Bank of
Brooklyn in New York
The Fort Greene National Bank of
Brooklyn
The Kingsboro National Bank of
Brooklyn in New York
Lafayette National Bank of Brook­
lyn in New York
The National Exchange Bank and
Trust Company of Brooklyn
in New York
The Peoples National Bank of
Brooklyn in New York
♦The Amalgamated Bank of
New York
♦Bankers Trust Company
♦Bank of the Manhattan Company
♦Bank of New York and Trust
Company
♦Bank of Yorktown
♦Central Hanover Bank and Trust
Company
The Chase National Bank of the
City of New York
♦Chemical Bank & Trust Company
♦Clinton Trust Company
♦Colonial Trust Company
The Commercial National Bank and
Trust Company of New York
♦The Continental Bank & Trust
Company of New York
♦Corn Exchange Bank Trust
Company
♦County Trust Company of New
York (merged with Lawyers Trust
Company, New York City, August
1, 1933 under name of Lawyers
County Trust Company— member)
The Dunbar National Bank of
New York
♦Federation Bank & Trust Co.
♦The Fifth Avenue Bank of
New York
The First National Bank of the
City of New York
♦ State bank member

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority \ :A ) . ( 0 5 0 1

MEMBER BANKS— SECOND FED ERAL RESERVE D ISTRICT
N EW Y O R K STATE— (Continued)
N o rw ich ......... The National Bank and Trust
Company of Norwich
N y a c k ............. The Nyack National Bank and Trust
Company
Oceanside . . . . The Oceanside National Bank
(P. O., Rockville Centre, N. Y.)
Odessa ........... The First National Bank of Odessa
Ogdensburg .. ♦Ogdensburg Trust Company
Old Forge . . . . The First National Bank of
Old Forge
Olean ..............B The Exchange National Bank of
Olean
Olean ..............B The First National Bank of Olean
Olean ..............B+01ean Trust Company
O n e id a ............♦Madison County Trust & Deposit Co.
Oneida ............ The Oneida Valley National Bank
of Oneida
O neonta .......... The Citizens National Bank and
Trust Company of Oneonta
O n eon ta.......... The Wilber National Bank of
Oneonta
Orchard Park . B*The Bank of Orchard Park
Oriskany Falls ♦The First Trust and Deposit
Company of Oriskany Falls, N. Y.
Ossining ........ The First National Bank and Trust
Company of Ossining
Oswego .......... First and Second National Bank and
Trust Company of Oswego
Owego ----The First National Bank of Owego
Owego . . . .
The Owego National Bank
Painted Post
The First National Bank of
Painted Post
Patchogue .
The Peoples National Bank of
Patchogue
Pawling
The National Bank of Pawling
Pearl River
First National Bank and Trust
Company of Pearl River
Pearl River
♦State Bank of Pearl River, N. Y.
Peekskill .,
The Peekskill National Bank and
Trust Company
Peekskill ........ The Westchester County National
Bank of Peekskill
Perry ..............B^The Citizens Bank of Perry
Perry . . ..........B The First National Bank of Perry
Pine Plains . . . The Stissing National Bank of
Pine Plains
Pittsford .
; The Pittsford National Bank
Plattsburg
Merchants National Bank in
Plattsburg
Plattsburg National Bank & Trust
Plattsburg
Company
The First National Bank of
Pleasantville
Pleasantville
♦Mount Pleasant Bank & Trust
Pleasantville
Company
The Citizens National Bank of
Poland
Poland
Port Byron . . . The National Bank of Port Byron
Port Chester .» The First National Bank and Trust
Company of Port Chester

New York City (Continued)
♦Fulton Trust Company of New York
Grace National Bank of New York
♦Guaranty Trust Company of
New York
♦The Harbor State Bank
♦Irving Trust Company
♦Lawyers County Trust Company
♦Manufacturers Trust Company
♦The Marine Midland Trust Company
of New York
♦The Merchants Bank
National Bank of Yorkville in
New York
The National City Bank of
New York
The National Safety Bank and Trust
Company of New York
♦The New York Trust Company
The Public National Bank and Trust
Company of New York
♦J. Henry Schroder Trust Company
Sterling National Bank & Trust
Company of New York
♦Trade Bank of New York
♦United States Trust Company of
New York
Borough of
The Bayside National Bank of
Queens
New York
College Point National Bank of
New York
The National Bank of Far Rockaway
The National Bank of Queens
County in New York, Flushing
(name changed to Flushing National
Bank in New York, Aug. 11, 1933)
The Forest Hills National Bank of
New York
Flushing National Bank in New York
The Jamaica National Bank of
New York
The Springfield Gardens National
Bank of New York
The Woodside National Bank of
New York
Borough of
The Mariner Harbor National Bank
Richmond
Staten Island National Bank & Trust
Company of New York
The Tottenville National Bank
Borough of
Manhattan

N E W Y O R K STA TE— (Continued)
Niagara Falls . B^Power City Trust Company
N ich o ls ........... The Nichols National Bank
N orfolk............ The First National Bank of Norfolk
North Creek .. The North Creek National Bank
Northport . . . . The First National Bank and Trust
Company of Northport
North Syracuse The North Syracuse National Bank
North
The First National Bank of
Tarry town ..
North Tarry town
Norwich . . . . . . The Chenango County National Bank
and Trust Company of Norwich
B ;= Bank in Buffalo Branch territory




9

* State bank member

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

p\). 10501

MEMBER BANKS— SECOND F E D E R A L RESERVE D ISTRICT
N E W Y O R K STATE— (Continued)
Port Chester . . *Mutual Trust Company of
Westchester County
Port Henr y. . .. The Citizens’ National Bank of Port
Henry
Port Jefferson . The First National Bank of
Port Jefferson
Port J e rv is ---- The First National Bank of
Port Jervis
Port Jervis . . . . The National Bank and Trust
Company of Port Jervis
Port L eyden .... The Port Leyden National Bank
Port
The Harbor National Bank of
Washington
Port Washington
Port
The Port Washington National
Washington
Bank and Trust Company
Potsdam . . . . . The Citizens National Bank of
Potsdam
Poughkeepsie . The Fallkill National Bank and
Trust Company of Poughkeepsie
Poughkeepsie . The Farmers and Manufacturers
National Bank of Poughkeepsie
Poughkeepsie . The First National Bank of
Poughkeepsie
Poughkeepsie . Merchants National Bank & Trust
Company of Poughkeepsie
R a v e n a ........... The First National Bank of Ravena
Red Creek....... The Red Creek National Bank
Red Hook ----- The First National Bank of
Red Hook
Redwood .
. The Redwood National Bank
Remsen . .
The First National Bank of Remsen
Rhinebeck
. The First National Bank of
Rhinebeck
Richfield
The First National Bank of
Springs ,
Richfield Springs
Riverhead
. The Suffolk County National Bank
of Riverhead
Rochester .
,8 The First National Bank and Trust
Company of Rochester
Rochester .
, B^Lincoln-Alliance Bank and Trust
Company
Rockville
The Nassau County National Bank
of Rockville Centre
Centre ..
, The Farmers National Bank and
Rome
Trust Company of Rome
Rome . . . . . . . . ♦Rome Trust Company
Roosevelt . . . . The First National Bank of
Roosevelt
Roscoe
The First National Bank & Trust
Company of Roscoe
Roslyn
The Roslyn National Bank & Trust
Company
R o x b u ry ......... The National Bank of Roxbury
Rye ................. The Rye National Bank
St. Johnsville . The First National Bank of
St. Johnsville
St. Regis Falls
The St. Regis Falls National Bank
Salamanca___ B*Salamanca Trust Company
S a le m ............ The Salem National Bank
Saranac Lake . Adirondack National Bank and
Trust Company of Saranac Lake
b * 5 Bank in Buffalo Branch territory




N E W Y O R K STATE— (Continued)
Saranac Lake . The Saranac Lake National Bank
Saratoga
Springs ....... ♦The Adirondack Trust Company
Saratoga
Saratoga National Bank of Saratoga
Springs
Springs .......
S augerties----- The First National Bank & Trust
Company of Saugerties
Sayville .......... The Oystermen’s National Bank of
Sayville
Scarsdale........ ♦Caleb Heathcote Trust Company
S carsdale........ Scarsdale National Bank and Trust
Company
Schenectady .. The Mohawk National Bank of
Schenectady
Schenectady .. ♦The Schenectady Trust Company
Schenectady .. The Union National Bank of
Schenectady
S chenevus___ The Schenevus National Bank
Schuvlerville . The National Bank of Schuylerville
Sea Cliff........... *The State Bank of Sea Cliff
S ea ford ........... The Seaford National Bank
Sherburne . . . . The Sherburne National Bank
Sherrill ........... The First National Bank of Sherrill
Sidney ............ First National Bank in Sidney
Silver Creek . .B The First National Bank of
Silver Creek
Silver Creek . .B The Silver Creek National Bank
Silver Springs . fT he Silver Springs National Bank
Skaneateles ... National Bank and Trust Company
of Skaneateles
Smithtown
Branch ...
♦Bank of Smithtown
Southampton
The First National Bank of
Southampton
Southampton
♦The Southampton Bank
South
Fallsburg . . . The South Fallsburg National Bank
South Otselic . The Otselic Valley National Bank of
South Otselic
Sparkill .......... The First National Bank of Sparkill
Spring Valley.. The First National Bank of Spring
Valley
Spring Valley.. *Ramapo Trust Company
Springville___B The Citizens National Bank of
Springville
S ta m ford ........ The National Bank of Stamford
Stony Brook . . ♦Bank of Suffolk County
S u ffern ............ The Suffern National Bank and
Trust Company
Syracuse ........♦First Trust and Deposit Company
S yracuse......... Lincoln National Bank and Trust
Company of Syracuse
S yracuse......... The Merchants National Bank &
Trust Company of Syracuse
Syracuse......... ♦The Syracuse Trust Company
Tarrytown . . . . The Tarrytown National Bank and
Trust Company
Tarrytown ___ ♦Washington Irving Trust Company
Theresa .......... The Farmers National Bank of
Theresa
Ticonderoga .. The Ticonderoga National Bank

10

♦ State bank member
f Licensed since issuance of Circular No. 1286, Sept. 27,1933.

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

10501

M EM BER BANKS— SECOND F E D E R A L RESERVE D ISTRICT
N E W Y O R K STA TE— (Continued)
N E W Y O R K STA TE— (Continued)
Weedsport . . . . The First National Bank of
T r o y ................ The Manufacturers National Bank
Weedsport
of Troy
The Hamilton County National
W ells ..........
T r o y ................ The National City Bank of Troy
Bank of Wells
T r o y ................ The Union National Bank of Troy
Wellsville . . . .B The Citizens National Bank of
T u ck ah oe....... The First National Bank & Trust
Wellsville
Company of Tuckahoe
W e s tb u ry ....... *Bank of Westbury Trust Company
Tully ___ ____ The First National Bank of Tully
Westbury . . . . The Wheatley Hills National Bank
Tupper Lake .. The Tupper Lake National Bank
T u x e d o ........... The Tuxedo National Bank (P. O.,
of Westbury
Tuxedo Park, N. Y .)
W estfield ........B The National Bank of Westfield
U nadilla......... The Unadilla National Bank
W est
The W est Hempstead National
U t ic a ............... *First Citizens Bank and Trust
Hempstead .
Bank
Company of Utica
W e s t p o r t........ The Lake Champlain National Bank
U t ic a ............... The Oneida National Bank and
of Westport
Trust Company of Utica
W est
Valley Stream
Valley Stream National Bank and
Winfield . . . . The W est Winfield National Bank
Trust Company
W hitehall....... The Merchants National Bank of
Vernon ........... The National Bank of Vernon
Whitehall
Walden .......... The First National Bank and Trust White Plains.. *The Citizens Bank of White Plains,
Company of Walden
N. Y.
Wallkill < ........ The Wallkill National Bank
White Plains .. *The County Trust Company
W alton-........... The First National Bank and Trust White Plains .. The Peoples National Bank and
Company of Walton
Trust Company of White Plains
Wappingers
The National Bank of Wappingers
Whitesboro ... The Whitestown National Bank of
Falls ______
Falls
Whitesboro
Warrens burg . The Emerson National Bank of
Whitesville . . . B The First National Bank of
Warrensburgh
Whitesville
W a r s a w ..........B The W yoming County National
Whitney Point
The First National Bank of
Bank of Warsaw
Whitney Point
W a r w ic k ........ The First National Bank of Warwick Williston Park
The Williston National Bank of
Waterloo ....... The First National Bank of
Williston Park
Waterloo
Willsboro . . . . The Essex County National Bank of
Watertown . . . The Jefferson County National Bank
Willsboro
of Watertown
Windsor
The Windsor National Bank
Watertown . . . *The Northern New York Trust
Winthrop . . . . The First National Bank of
Company
Winthrop
Watertown . . . The Watertown National Bank
W o lc o t t .......... . The First National Bank of W olcott
Waterville . . . . The National Bank of Waterville
Woodridge . . . The First National Bank of
Watervliet . . . . The National Bank of Watervliet
Woodridge
W a tk in s.......... Glen National Bank of Watkins
W yom ing . . . . B The National Bank of W yoming
W a v e rly ......... The Citizens National Bank of
Y o n k e rs .......... Central National Bank of Yonkers
Waverly
Yonkers ....... . Yonkers National Bank and Trust
Company
Wayland ........ The First National Bank of Wayland
b

— Bank in Buffalo Branch territory




* State bank member

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

<1). ( Q S O j

NONM EM BER BANKS— SECOND F ED ERAL RESERVE D ISTRICT

NONMEMBER STATE BANKS AND TRUST COMPANIES
The following lists of nonmember State banks and trust companies, savings banks, private
bankers, miscellaneous banking institutions, and agencies of foreign banks and of banking companies
incorporated outside of New York State, located in the Second Federal Reserve District, are based
upon the best information obtainable by the Federal Reserve Bank of New York.
Bridgeport __
B ridgeport___
B ridgeport___
D arien.............
Fairfield..........
G reenw ich----G reenwich___
Norwalk . . . . . .
Old Greenwich.
Shelton ...........
South Norwalk
Springdatle
(Stamford) .
S tam ford ........
■Stamford ____
Stratford ........
W e stp o rt........

Asbury Park.
Bayonne .......
Bound Brook.
C a lifo n ..........
Chatham ___
Cliffside Park
East Newark .
East Orange .
East Orange .
E lizabeth----Elizabeth . . . .
Englewood ...
Fair Lawn . . .
F reehold.......
Garfield ........
G ladstone----Guttenberg ..
Hackensack
Harrison . . .
Hawthorne .
Hillside
Hoboken ..
Hoboken
Hoboken
Hoboken
Hoboken
Irvington ..
Irvington .
Jersey City
Jersey City




CONNECTICUT
Black Rock Bank and Trust Co.
Bridgeport-City Trust Co.
North End Bank & Trust Co.
Home Bank & Trust Co.
Fairfield Trust Company
Greenwich Trust Co.
Putnam Trust Co.
Merchants Bank and Trust Co.
Trust Company of Old Greenwich
Shelton Trust Co.
South Norwalk Trust Co.
Springdale Bank & Trust Co.
Fidelity Title & Trust Co.
Stamford Trust Co.
Stratford Trust Co.
Westport Bank & Trust Co.
N EW JERSEY
Asbury Park and Ocean Grove Bank
Mechanics Trust Co.
Bound Brook Trust Co.
Hunterdon County Trust Co.
The Chatham Trust Co.
Cliffside Park Title Guaranty and
Trust Company
Harrison Kearny Trust Company
Ampere Bank and Trust Company
Essex County Trust Company
Union County Trust Co.
Elizabeth Trust Co.
Palisades Trust & Guaranty Co.
Fair Lawn-Radburn Trust Co.
The Freehold Trust Co.
Garfield Trust Co.
Peapack-Gladstone Bank
Guttenberg Bank and Trust
Company
Hackensack Trust Co.
West Hudson County Trust Co.
Peoples Bank of Hawthorne
Hillside Trust Company
Columbia Trust Company of
New Jersey
Home Trust Company
Hudson Trust Co.
(branch, head office Union City)
Seaboard Trust Company
Trust Company of New Jersey
(branch, head office Jersey City)
Chancellor Trust Co.
Irvington Trust Co.
Bergen Trust Company of N. J.
Bessemer Trust Company

N E W JERSEY— (Continued)
Jersey City .
Corporation Trust Company
Trust Company of New Jersey
Jersey City .
West Bergen Trust Company
Jersey City .
Keyport Banking Co.
K e y p o rt.......
Leonia Bank & Trust Co.
Leonia ______
Livingston State Bank
Livingston ..
Lodi Trust Company
Lodi ............
Long Branch Banking Co.
Long Branch.
Long Branch Trust Co
Long Branch.
New Jersey Trust Co. of
Long Branch.
Long Branch
Madison
Madison Trust Co.
Maplewood .,
Maplewood Bank & Trust Co.
Matawan
Matawan Bank
Commonwealth Bank of Metuchen
Metuchen ...
Montclair
Essex Title Guaranty and Trust
Company
M ontclair....... Town Trust Company
Morristown . . . American Trust Co.
Neptune,
Township of. Neptune Bank & Trust Co.
Newark .......... Central Bank and Trust Company
Newark .......... Marzano State Bank and Trust
Company
Newark .......... West Side Trust Company
Newton .......... Newton Trust Co.
North Bergen. North Bergen Trust Co.
Woodcliff Trust Co.
North Bergen
Ocean Grove.. Asbury Park and Ocean Grove Bank
(branch, head office Asbury Park)
O ra n ge............ Orange Valley Bank
P assa ic............ Passaic Park Trust Company
Paterson ......... Citizens Trust Company
P aterson......... Merchants Trust Company
Paterson ......... Peoples Park Bank
Paterson ......... Riverside Trust Company
Paterson......... Security Trust Company
Paterson ......... United States Trust Company
Peapack . . . . . .
(See Gladstone)
Phillipsburg .. Phillipsburg Trust Company
Raritan ........... Raritan State Bank
Red Bank ....... The Merchants Trust Company
Ridgewood . . . North Jersey Trust Co.
Roselle Park.. Roselle Park Trust Co.
Scotch Plains . First State Bank of Scotch Plains
Somerville . . . . Somerville Trust Co.
South River
South River Trust Company
Summit .......... Citizens Trust Co.
South Amboy.. South Amboy Trust Co.
Tenafly ........... Tenafly Trust Co.
Union City . . .. Commonwealth Trust Company
Union City . . . . Hudson Trust Company
Union C it y __
Merchants Trust Company
Union City . . . . Trust Company of New Jersey
(branch, head office Jersey City)

12

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

£ .0 . (050)

NONM EM BER BANKS— SECOND FED ERAL RESERVE D ISTRICT
N E W JERSEY— (Continued)
Union City . . .. Weehawken Trust and Title
Company
V e ro n a ............ Verona Trust Co.
Washington ... Washington Trust Co.
Weehawken ... Park Trust Company
West New York The Trust Company of New Jersey
in W est New York
N E W Y O R K STA TE
A k r o n ..............B Bank of Akron
A lb a n y ............ Mechanics and Farmers Bank
A lb io n .............B Orleans County Trust Company
Alden ..............8 Alden State Bank
Alfred . . . . . . . . B University Bank
Amityville . . . . Bank of Amityville
Andover ......... B Andover State Bank
Angelica . . . . . . B Bank of Angelica
A n tw erp .......... Bank of Antwerp
Arcade . « » . . . . B Citizens Bank of Arcade
A r k p o r t.......... Arkport State Bank
Arlington ....... Vassar Bank
A t t ic a ..............B Bank of Attica
A t t ic a ..............B Citizens Bank of Attica
Auburn ............ Auburn Trust Company
Ausable Forks. Bank of Ausable Forks
B a b ylon .......... Bank of Babylon
Baldwin . . . . . . Peoples State Bank of Baldwin
Baldwinsville . Baldwinsville State Bank
B a tav ia ........... B Bank of Batavia
B a t h ................ Farmers and Mechanics Trust
Company
B aysh ore........ South Side Bank of Bayshore
B e lfa s t............B Bank of Belfast
Berlin . . . . . . . . Taconic Valley Bank
Bolivar ........... B State Bank of Bolivar
Broadalbin __
Broadalbin Bank
Brocton ..........B Bank of Brocton
Bronxville . . . . Bronxville Trust Company
B u ffa lo............B Adam, Meldrum and Anderson
State Bank
Camillus ......... Camillus Bank
Canaseraga . . . B Canaseraga State Bank
Cape V in cen t.. Citizens Bank of Cape Vincent
Castile......... . .B Bank of Castile
Cattaraugus . . . B Bank of Cattaraugus
Chestertown .. Chester-Schroon-Horicon Bank
Chittenango . . State Bank of Chittenango
Churchville . ..B State Bank of Churchville
Cicero ............ ....Cicero State Bank
Cincinnatus . . . Bank of Cincinnatus
Clarence..........B Bank of Clarence
C lyde............. . Citizens Trust Company
C lym er............ Clymer State Bank
Cobleskill ....... Farmers & Merchants Bank of
Cobleskill
C o h o e s............ Manufacturers Bank of Cohoes
Corfu ..............B Bank of Corfu
C o m in g ___ __ Corning Trust Company
C o rn in g .......... North Side State Bank
Cortland ........ Cortland Trust Company
D an sville____ B Citizens Bank & Trust Company
B = . Bank in Buffalo Branch territory




N EW Y O R K STATE— (Continued)
Delevan . . . . . . . B Bank of Delevan
D e lm a r........... Bank of Bethlehem
DeRuyter ----- DeRuyter State Bank
Dobbs Ferry.. Dobbs Ferry Bank
D u n d ee ........... Dundee State Bank
East Aurora . . B Erie County Trust Company
East Hampton. Osborne Trust Company
East Syracuse. Bank of East Syracuse
Ebenezer . . . . ,B Ebenezer State Bank
E d e n ........... . . B Bank of Eden
Elba ................B Bank of Elba
Ellenburg . . . . State Bank of Ellenburg
Ellicottville . . . B Bank of Ellicottville
Elmira ............ Bank of Elmira Heights
Evans Mills... Peoples Bank of Evans Mills
Fayetteville ... Fayetteville Commercial Bank
Fillmore .........B State Bank of Fillmore
Freeport ....... Freeport Bank
F u lton ............. Oswego County Trust Company
Glen Cove . . . . Glen Cove Trust Company
Glen Cove . . . . Nassau Union Bank
Governeur . . . . Bank of Governeur
G ow anda........ B Bank of Gowanda
Great Neck . . . Bank of Great Neck
Great Neck . . . Great Neck Trust Company
Green Island.. Green Island Bank
Groveland . . . . B Groveland State Bank
H am burg........ B Bank of Hamburgh
Haverstraw ... Peoples Bank of Haverstraw
Hempstead . . . Hempstead Bank
H ilt o n ___ ___ B State Bank of Hilton
Holland ..........B Bank of Holland
H o lle y .............B State Exchange Bank
Honeoye Falls.® State Bank of Honeoye Falls
H o rn e ll........... Steuben Trust Company
Hudson .......... Hudson River Trust Cumpany
Huntington ... Bank of Huntington and Trust
Company
Huntington
S ta tio n ........ Huntington Station Bank
Jamestown . ...B Union Trust Company of Jamestown
Johnstown ___ Johnstown Bank
Johnstown . . . . Peoples Bank of Johnstown
Kenmore . . . . . B Central Bank of Kenmore
K en m ore........B State Bank of Kenmore
Lake Placid ... Bank of Lake Placid
Larchmont . . . Trust Company of Larchmont
Lawrence ....... The Lawrence-Cedarhurst Bank
LeRoy ............B Bank of LeRoy
Lindenhurst .. Lindenhurst Bank
Little Valley ..B Cattaraugus County Bank
L iv erp ool........ Liverpool Bank
L o c k e .............. Citizens Bank of Locke
L o ck p o rt........B Lockport Exchange Trust Company
Locust Valley. Matinecock Bank of Locust Valley
L u zern e.......... Luzerne-Hadley Bank
Lyndonville .. .B Citizens State Bank of Lyndonville
M a d rid ............ Madrid Bank
Malverne . . . . . Bank of Malverne
Manlius .......... Bank of Manlius
Massena . . . . . . Massena Banking & Trust Company'
Medina ........... B Medina Trust Company
13

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

AX

(0501

NONMEMBER BANKS—SECONt) FEDERAL RESERVE DISTRICT
N E W Y O R K STATE— (Continued)
Middletown . . . Orange County Trust Co.
Monroe .......... Citizens Bank of Monroe
Monticello . . . . Sullivan County Trust Company
N ew fa n e.........■ State Bank of Newfane
Newburgh . . . . Columbus Trust Company
New
Hyde P ark .. Bank of New Hyde Park
New Rochelle . Huguenot Trust Company
New Rochelle . New Rochelle Trust Company

Borough of
Manhattan

Borough of
Brooklyn
Borough of
Queens
Borough o f
The Bronx
Borough of
Richmond

New York City
Anglo South American Trust Co.
Banca Commerciale Italiana Trust
Co.
Banco Di Napoli Trust Company
Bank of Athens Trust Co.
Bank of Sicily Trust Company
City Bank Farmers Trust Company
Corporation Trust Company
Empire Trust Company
Equitable Trust Company
Fiduciary Trust Company
Hellenic Bank Trust Company
Hias Immigrant Bank
Lawyers Trust Company (merged
into County Trust Company of
New York, August 1, 1933, under
name Lawyers County Trust
Company—member)
Pennsylvania Exchange Bank
Savings Banks Trust Company
Title Guarantee & Trust Company
Trust Company of North America
Underwriters Trust Company
Citizens Bank, Brooklyn
Kings County Trust Company
Boulevard Bank, Forest Hills
Bronx County Trust Company
South Shore Bank of Staten Island,
Great Kills
W est New Brighton Bank of
Richmond

N EW Y O R K STA TE— (Continued)
Northport . . . . Northport Trust Company
North
Tonawanda . B State Trust Company
N orthville....... Northville Bank
Norwood . . . . . State Bank of Norwood
O akfield........ .B Exchange Bank
Ontario .......... State Bank of Ontario
Ossining ........ Ossining Trust Company
Oyster Bay . . . North Shore Bank Trust Company
Oyster Bay . . . Oyster Bay Trust Company
Palmyra . . . . . . Wayne County Trust Company
P arish .............. State Bank of Parish
Patchogue . . . . Patchogue Citizens Bank and
Trust Company
b

— Bank in Buffalo Branch territory




N E W Y O R K STATE— (Continued)
P a v ilion .......... B Pavilion State Bank
Penn Yan........ Baldwin’s Bank of Penn Yan
Penn Y a n ....... Citizens Bank of Penn Yan
Philadelphia . . . Bank of Philadelphia
P h o e n ix .......... Phoenix Bank
Port Jefferson. Bank of Port Jefferson
Potsdam . . . . . . Peoples Bank of Potsdam
Poughkeepsie . Poughkeepsie Trust Company
Prattsburgh ... Prattsburgh State Bank
Randolph ....... B State Bank of Randolph
Rensselaer ---- Rensselaer County Bank & Trust
Company
Richmondville
Bank of Richmondville
Riverhead....... Long Island State Bank & Trust
Company
Riverhead . . . . Suffolk County Trust Company
Rochester . . . .B Central Trust Company
Rochester . . . .B Genesee Valley Trust Company
Rochester . . . B Rochester Trust and Safe Deposit
Company
Rochester . . . ..B Security Trust Company
R och ester....... B Union Trust Company
Rockville
C en ter......... Bank of Rockville Center Trust
Company
Rockville
C en ter......... South Shore Trust Company
Rushford . . . . .■ State Bank of Rushford
Rushville ....... Rushville State Bank
R y e .................. Rye Trust Company
Sag Harbor---- The Peconic Bank
Saugerties----- Saugerties Bank
Sayville .......... Community Trust Company
Schenectady .. Citizens Trust Company
Schoharie . . . . Schoharie County Bank
S co tia ............ Glenville Bank
Seneca Falls .. Seneca County Trust Company
Seneca Falls .. State Bank of Seneca Falls
Shortsville ___ State Bank of Shortsville
Skaneateles . . . State Bank of Skaneateles
S n y d e r............B Bank of Snyder
Solvay ............ Solvay Bank
S'outhold ........ Bank of Southold
Spencer .......... Farmers & Merchants Bank of
Spencer
Springville __ 8 Farmers Bank of Springville
Suffern ........... Lafayette Trust Company
S y o s s e t.......... . Bank of Syoisset
Tonawanda .. B First Trust Company of Tonawanda
T r o y ................ Troy Trust Company
Victor . . . . . . . . State Bank of Victor
Waddington .. The Waddington Bank
W a rsa w ..........8 Trust Company of W yoming County
Waterford . . . . Bank of Waterford
Watkins Glen.. Watkins State Bank
W ellsville....... B First Trust Company
W est Hampton
Beach ......... Seaside Bank
Williamson . . . State Bank of Williamson
Williamsville . B Bank of Williamsville
Worcester . . . . Bank of Worcester

14

Reproduced from the Unclassified I Declassified Holdings of the National Archives

________________ _______ _________ _

T

DECLASSIFIED
Authority p

(0 5 01

SAVINGS BANKS— SECOND FED ERAL RESERVE D ISTRICT

SAVINGS BANKS
N E W Y O R K STA TE— (Continued)
Binghamton .. Binghamton Savings Bank
Brewster ........ Putnam County Savings Bank
Buffalo ...........B Buffalo Savings Bank
Buffalo ...........B Erie County Savings Bank
Buffalo ...........B The Western Savings Bank
Cat skill ........... Catskill Savings Bank
C o h o e s ............ Cohoes Savings Bank
C o h o e s ............ Mechanics’ Savings Bank (merged
into Cohoes Savings Bank, Cohoes,
July 7, 1933)
Cornwall-onthe-Hudson . The Cornwall Savings Bank (merged
into Newburgh Savings Bank,
Newburgh, July 24, 1933)
Cortland . . . . . . Cortland Savings Bank
Dobbs F erry... The Greenburg Savings Bank
Ellenville ....... Ellenville Savings Bank
Elmira ............ The Elmira Savings Bank
F ish k ill........... Fishkill Savings Institute
F u lto n ............. Fulton Savings Bank
G eneva............ Geneva Savings Bank
G oshen............ Goshen Savings Bank
H udson........... Hudson City Savings Institution
Ith a ca .............. Ithaca Savings Bank
K in g sto n ........ Kingston Savings Bank
K in g sto n ........ Rondout Savings Bank
K in g sto n ........ Ulster County Savings Institution
Lockport . . — b Farmers and Mechanics’ Savings
Bank of the City of Lockport
Mamaroneck .. The Union Savings Bank of
Westchester County
Middletown ... Middletown Savings Bank
Mount Vernon. Eastchester Savings Bank
Newburgh . . . . Newburgh Savings Bank
New Paltz . . . . New Paltz Savings Bank
New Rochelle.. People’s Bank for Savings of
New Rochelle, N. Y.

CONNECTICUT
Bridgeport . . .. Bridgeport-Peoples Savings Bank
Bridgeport — City Savings Bank
Bridgeport . . . . Mechanics & Farmers Savings Bank
Danbury .......... Savings Bank of Danbury
Danbury . . . . . Union Savings Bank
New Canaan.. New Canaan Savings Bank
Newtown ....... ..Newtown Savings Bank
Norwalk ...........Fairfield County Savings Bank
N orw a lk ........... Norwalk Savings Society
Ridgefield . . . . Ridgefield Savings Bank
South Norwalk South Norwalk Savings Bank
Southport . . . . Southport Savings Bank
S tam ford........ .. Citizens Savings Bank
S tam ford.......... Stamford Savings Bank
N E W JERSEY
B loom field___ _Bloomfield Savings Institution
Elizabeth..........Germania Mutual Savings
Association
Elizabeth.......... Mutual Savings Fund Harmonia
Elizabeth.......... Union County Savings Bank
Hoboken ........ .. Hoboken Bank for Savings
Jersey City . . . Fifth Ward Savings Bank
Jersey City . . . Hudson City Savings Bank
Jersey City . . . Provident Institution for Savings
M ontclair....... ..Montclair Savings Bank
Morristown . . . Morris County Savings Bank
New Brunswick New Brunswick Savings Institution
Newark........... .. Dime Savings Institution
Newark........... .. Franklin Savings Institution
N ewark........... .. Howard Savings Institution
Newark........... .. United States Savings Bank
O range..............Orange Savings Bank
O range..............Half Dime Savings Bank
Paterson......... .. Paterson Savings Institution
Perth A m b o y .. Perth Amboy Savings Institution
Plainfield...........Plainfield Savings Bank
R a h w a y ............ Rahway Savings Institution
R aritan........... .. Raritan Savings Bank
Som erville___ _Somerville Savings Bank

N E W Y O R K CITY
Borough of the Bronx
Bronx Savings Bank, The, New York
Dollar Savings Bank, New York
North Side Savings Bank, New York

N E W Y O R K STA TE
A lb a n y .............. Albany County Savings Bank
A lb a n y .............. Albany Exchange Savings Bank
Albany . . . . . . . Albany Savings Bank
Albany . . . . . . . City Savings Bank of Albany
Albany . . . . . . . . Home Savings Bank of the City of
Albany
A lb a n y .............. The Mechanics’ and Farmers’
Savings Bank
A lb a n y ..............The National Savings Bank of the
City of Albany
Amsterdam . . . Amsterdam Savings Bank
Auburn ............Auburn Savings Bank
Auburn ............Cayuga County Savings Bank
B ea con ..............Matteawan Savings Bank
B eacon ..............The Mechanics’ Savings Bank
b=

Bank in Buffalo Branch territory




Borough of Brooklyn
Bay Ridge Savings Bank, Brooklyn
Brevoort Savings Bank, Brooklyn
Brooklyn Savings Bank
Bushwick Savings Bank, The, Brooklyn
City Savings Bank of Brooklyn, The
Dime Savings Bank of Brooklyn, The
Dime Savings Bank of Williamsburgh, The, Brooklyn
East Brooklyn Savings Bank, Brooklyn
East New York Savings Bank, Brooklyn
Flatbush Savings Bank, Brooklyn
Fulton Savings Bank, Kings County, Brooklyn
Greater New York Savings Bank, The, Brooklyn
IS

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

px). ( 0 5 0 1

SAVINGS BANKS— SECOND F E D E R A L RESERVE D ISTRICT
Borough of Brooklyn— (Continued)
Green Point Savings Bank, The, Brooklyn
Hamburg Savings Bank, Brooklyn
Kings County Savings Bank, The, Brooklyn
Kings Highway Savings Bank, Brooklyn
Lincoln Savings Bank of Brooklyn, The
Prudential Savings Bank, Brooklyn
Roosevelt Savings Bank of the City of New York,
Brooklyn
South Brooklyn Savings Bank, Brooklyn
Williamsburgh Savings Bank, Brooklyn
Borough of Manhattan
American Savings Bank, New York
Bank for Savings in the City of New York, The
Bowery Savings Bank, The, New York
Broadway Savings Bank, New York
Central Savings Bank in the City of New York
Citizens Savings Bank, New York
Dry Dock Savings Institution, New York
East River Savings Bank, The, New York
Emigrant Industrial Savings Bank, New York
Empire City Savings Bank, New York
Excelsior Savings Bank, New York
Franklin Savings Bank in the City of New York, The
Greenwich Savings Bank, The, New York
Harlem Savings Bank, New York
Irving Savings Bank, The, New York
Manhattan Savings Institution, The, New York
Metropolitan Savings Bank, New York
New York Savings Bank, New York
North River Savings Bank, New York
Seamen’s Bank for Savings in the City of New York
Union Dime Savings Bank, New York
Union Square Savings Bank, New York
West Side Savings Bank, New York
Borough of Queens
College Point Savings Bank
Flushing Savings Bank
Jamaica Savings Bank
Long Island City Savings Bank
Queensboro Savings Bank, Jamaica
Queens County Savings Bank, The, Flushing
Ridgewood Savings Bank
Rockaway Savings Bank, Far Rockaway
Savings Bank of Central Queens, Jamaica
Savings Bank of Richmond Hill
b

— Bank in Buffalo Branch territory




Borough of Richmond
Richmond County Savings Bank, W est New Brighton
Staten Island Savings Bank, Stapleton
N EW Y O R K STATE— (Continued)
Niagara Falls..® Niagara County Savings Bank
Ogdensburg ... St. Lawrence County Savings Bank
O n e id a ............ Oneida Savings Bank
O ssin in g......... The Bank for Savings of Ossining
Oswego .......... Oswego City Savings Bank
Oswego . . . . . . Oswego County Savings Bank
Patchogue . . . . The Union Savings Bank of
Patchogue
Pawling . . . . . . Pawling Savings Bank
Peekskill......... Peekskill Savings Bank
Port Chester... The Port Chester Savings Bank
Poughkeepsie . The Poughkeepsie Savings Bank
Rhinebeck . . . . Rhinebeck Savings Bank
Riverhead . . . . Riverhead Savings Bank
R och ester....... B The East Side Savings Bank of
Rochester
R och ester....... B Mechanics’ Savings Bank
R och ester....... B Monroe County Savings Bank
Rochester . . . . . B Rochester Savings Bank
R o m e ............... The Oneida County Savings Bank
R o m e ............... The Rome Savings Bank
Roslyn ............ Roslyn Savings Bank of Roslyn
Sag Harbor . .. Sag Harbor Savings Bank
Saugerties___ Saugerties Savings Bank
Schenectady .. Schenectady Savings Bank
Seneca Falls .. The Seneca Falls Savings Bank
Skaneateles . . . Skaneateles Savings Bank
S ou th old ......... The Southold Savings Bank
S yracuse......... Onandago County Savings Bank
S yracuse......... Syracuse Savings Bank
Tarrytown . ... Westchester County Savings Bank
Troy ___ _____ Troy Savings Bank
Utica ............... The Savings Bank of Utica
Walden . . . . . . . Walden Savings Bank
Wappinger
Falls ___ . . . Wappinger Savings Bank
W a r w ic k ........ The Warwick Savings Bank
Watertown . . . Jefferson County Savings Bank
Watertown . . . Watertown Savings Bank
White P lains.. The Home Savings Bank
Y on k ers.......... People’s Savings Bank of
Yonkers, N. Y.
Yonkers . . ___ Yonkers Savings Bank

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p A )-

(0501

P R IV A T E BANKERS and M ISCELLANEOUS BANKING COMPANIES

PRIVATE BANKERS
Bridgeport .. .
Bridgeport . . . .

CONNECTICUT
T. L. Watson and Company
James Staples and Company

Bayonne.........
Bayonne.........
N ewark...........
Paterson .........

N EW JERSEY
Herman Klein
Jerome G. Stabile
D ’Auria Salvatore & Sons Bank
Linares and Rescigno

N EW Y O R K STATE
A lb a n y ............ Germano P. Baccelli
Auburn............ Seward, Wm. H. & Co.
Crown P o in t.. Wyman, J. W., et al
Dalton ............B Moses, Grant E., et al

N E W YO RK STATE— (Continued)
Naples ............ Maxfield, Dennison H., et al (The
Hiram Maxfield Bank)
Naples ---------- Granby, J. W ., et al
(Geo. R. Granby & Son)
New York City R. H. Macy & Co.
Enrico Viggiani
J. Lehrenkrauss & Co.
North Java .. .B Humphrey, W . J., et al (North Java
Co.)
Nunda ............B De Puy, F. J., et al (Peter De Puys
Banking House)
Ogdensburg .. Frank’s Sons, Nathan
Port Chester... Kavovitz, A. H. & L.
Poughkeepsie . Bartolo Barone
Rochester....... B Sconfietti & Gioia

MISCELLANEOUS BANKING COMPANIES
N EW Y O R K STATE
A lb an y............ Guaranty Company of New York
A lb an y ............ Morris Plan Co. of Albany
Binghamton . . Morris Plan Co. of Binghamton
Buffalo ........... 8 Buffalo Morris Plan Industrial
Banking Co.
Buffalo ........... 8 Commercial Investment Trust Ltd.

Borough of
Brooklyn . ..

Borough of
Manhattan

New York City
Food Dealers Industrial Banking
Corporation
Montrose Investment & Loan Corp.
The Thrift
United Loan Corporation
Bankers Commercial Security
Co., Inc.
Commercial Credit Corp.
Commercial Investment Trust, Inc.
Credit Utility Company, Inc.
Discount Corp. of New York
Electric Appliance Finance Corp.
French American Banking Corp.
General Motors Acceptance Corp.
Goldwyn Loan & Investment Corp.
Gotham Industrial Banking Corp.
Guaranty Company of New York

Bank in Buffalo Branch territory




Borough of
Manhattan

New York City (Continued)
Heating & Plumbing Finance Corp.
Mack Acceptance Corp.
Manufacturers Finance Corp.
Merchants & Manufacturers
Securities Corp.
Morris Plan Co. of New York
National Credit Corp.
Neighborhood Loan & Investment
Co.
People’s Loan & Investment Co.
Royal Loan & Investment Corp.
J. Henry Schroder Banking Corp.
State Banking Company
Textile Banking Co., Inc.
Union Banking Corp.
Universal Credit Corp.

NEW Y O RK STATE— (Continued)
Niagara Falls .B Manufacturers & Employees
Mortgage Co.
Rochester . . . .B Morris Plan Co. of Rochester
Schenectady .. Morris Plan Co. of Schenectady
S yracuse......... Morris Plan Co. of Syracuse
Troy ............... Troy Prudential Association, Inc.
Utica ............... Morris Plan Co. of Utica

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

(0501

AGENCIES OF FOREIGN BANKS, ETC.

AGENCIES OF FOREIGN BANKS AND OF BANKING COMPANIES
INCORPORATED OUTSIDE OF NEW YORK STATE
N E W Y O R K CITY
American Express Co., Inc.
Anglo South American Bank Ltd.
Banca Commerciale Italiana
Banco Di Napoli, No. 1
Banco Di Roma
Banco Nacional De Mexico
Bank of Chosen
Bank of London & South America Ltd.
Bank of Montreal
Bank of Nova Scotia
Bank of Taiwan
Banque Beige Pour L ’Etranger
Barclays Bank (Dominion, Colonial & Overseas)
Canadian Bank of Commerce
Chartered Bank of India, Australia & China




New York City (Continued)
Thomas Cook & Son (Bankers) Limited
Credito Italiano
The Dominion Bank, Canada
First of Boston International Corporation
Hong Kong & Shanghai Banking Corp.
International Banking Corp.
Mercantile Bank of India Ltd.
Mitsubishi Bank Ltd.
Mitsui Bank Ltd.
Philippine National Bank
Royal Bank of Canada
Shawmut Corporation of Boston
Standard Bank of South Africa
Sumitomo Bank Ltd.
Yokohoma Specie Bank Ltd.

18

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

10501

KEC'D in f il e s s e c t io n

FORM F. R. 326

IV1AR

</

Da t e
K i nd

of

Ma t e r i a l

Name

or

Su bject:




3 1950 >

/ ‘ /■ .^

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^

iQ5QI

FEDERAL RESERVE BANK
OF NEW YORK
No. 1274'
August 31, 1933 '
,]
[Circular

Executive Order Relating to the Sale and Export of Gold
To all Banking Institutions in the
Second Federal Reserve District:

For your information, we quote below the text of an executive order issued by the President
of the United States on August 29,1933:
EXECUTIVE ORDER

By virtue of the authority vested in me by Section 5 (b) of - the Act of October 6, 1917,
^ as amended by Section 2 of the Act of March 9, 1933, entitled “ An Act to provide relief in the
existing national emergency in banking, and for other purposes,” I, Franklin D. Roosevelt,
President of the United States of America, do declare that a period of national emergency exists,
and by virtue of said authority and of all other authority vested in me, do hereby issue the fol­
lowing executive order:
The Secretary of the Treasury is hereby authorized to receive on consignment for sale,
subject to such rules and regulations and upon such conditions as he shall prescribe, gold recov­
ered from natural deposits in the United States or any place subject to the jurisdiction thereof.
Sales may be made :
(a) To persons licensed to acquire gold for use in the arts, industries or professions, or
(b) By export to foreign purchasers.
Such sales shall be made at a price which the Secretary shall determine to be equal to the
best price obtainable in the free gold markets of the world after taking into consideration any
incidental expenses such as shipping costs and insurance.
Such sales may be made through the Federal Reserve Banks or such other agents as the
Secretary may from time to time designate and shall be subject to such charges as the Secretary
may from time to time in his judgment determine.
Every person depositing gold for sale as provided herein shall be deemed to have agreed
to accept as conclusive without any right of recourse or review, the determination of the Sec­
retary or his duly authorized agent as to the amount due such person as a result of any sale.
Consignments shall be sold as nearly as may be in the order of their receipt.
The Secretary of the Treasury, in his discretion and subject to such regulations as he
may prescribe, is hereby authorized to issue licenses permitting the export of articles fabricated
from gold sold pursuant to this executive order.
This executive order may be modified or revoked at any time.




FRANKLIN D. ROOSEVELT.

G eorge

L.

H a r r is o n

Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p X )- 1 0 5 0 1

KEC’D IN FIUES SECTION
JAN 1 7 1950
FEDERAL RESERVE BANK
OF NEW YORK

Circular No. 1269, August 16, 1933 '
Supplement to Circular NoT 1232,
as supplemented.

To all Banking Institutions in the
Second Federal Reserve District:

Supplementing information given in our circulars Nos. 1232, 1236, 1240, 1244, 1247,
1251, 1254, 1256, 1261 and 1266, the follow ing additions should be made to the list of
banking institutions in the Second Federal Reserve District which have been licensed to
resume full banking operations:

NONMEMBER BANKS
N EW JERSEY
H oboken..................... Seaboard Trust Company
(newly organized to succeed former Steneck Trust Company)

NEW YORK STATE
W addington............... * The Waddington Bank

G eorge L . H a r r is o n ,

Governor.

* Reopening of bank which suspended business March 14, 1933.

m

e *

S

o




//*)

-

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority |p .!)♦ ( Q S Q [

BBC'l) IN FILS&SECTION
Jan 1 7 m
/ /

/'

FEDERAL RESERVE BANK
‘ OF NEW YORK

Circular No. 1236. May ^1,, 1933
Supplement to Circular No. 1232.

To all Banking Institutions in the
Second Federal Reserve District:

Supplementing information given in our circular No. 1232, the following additions
should be made to the list o f banking institutions in the Second Federal Reserve District
which have been licensed to resume full banking operations:

MEMBER BANKS
N EW YO RK STATE
Jam aica................. The Jamaica National Bank o f New York
Red C r e e k ............The Red Creek National Bank

NONMEMBER BANKS
N EW YO RK STATE
Buffalo

.B Adam, Meldrum and Anderson State Bank

G eorge

L.

H a r r is o n ,

Governor.

b

= Bank in Buffalo Branch territory.




h

o :

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p d .

1 0 50 1

TtSCD
FEDERAL RESERVE BANK
OF NEW YORK

JAN 1 7 195

List of Banking Institutions in the Second Federal Reserve District
Licensed to Resume Full Banking Operations

To aU Banking Institutions in the
Second Federal Reserve District:

For your information, and superseding circular No. 1194, dated March 22, 1933,
as supplemented, we are sending you herewith a list, arranged alphabetically by
" states and cities, of all member banks in the Second Federal Reserve District
which thus far have been licensed to resume full banking operations in accordance
with Executive Orders of the President of the United States and regulations of the
Secretary of the Treasury. There also is included a list of all nonmember banking
institutions in the district which have been licensed to reopen for full banking
operations under the same orders and regulations, so far as information with
regard to them has been received from the respective State banking departments
within whose jurisdiction they operate.
The lists have been prepared in four sections:
(1) Member banks.
(2) Nonmember State banks and trust companies.
(3) Savings banks.
(4) Private bankers, miscellaneous banking companies, etc.

Banking institutions whose names are prefixed with the capital letter B are
located in the territory assigned to our Buffalo Branch, which comprises the ten
westerly counties of New York State as follows: Allegany, Cattaraugus, Chautauqua,
Erie, Genesee, Livingston, Monroe, Niagara, Orleans, and Wyoming.
Each member State bank or trust company in the list of member banks is
designated by an asterisk.
For the present, weekly supplements to this circular will be published contain­
ing the names of additional banking institutions which hereafter are licensed to
resume full banking operations and also containing any other necessary changes.
These lists do not take the place of the par list.




G eorge L. H

a r r is o n ,

Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

p d . (0501

MEMBER BANKS— SECOND FED ERAL RESERVE DISTRICT

MEMBER BANKS
N E W JERSEY— (Continued)
Boonton ......... The Boonton National Bank
Boonton . . . . . .^ B oon ton Trust Company
Bound Brook . The First National Bank of
Bound Brook
Bradley Beach
The First National Bank of
Bradley Beach
B u tle r ............. The First National Bank of Butler
C a ldw ell......... The Caldwell National Bank
C aldw ell......... The Citizens National Bank and
Trust Company of Caldwell
C arteret..........^Carteret Bank and Trust Company
Cedar Grove .. The First National Bank of
Cedar Grove
Clifton ........... The Clifton National Bank
Clifton ...........
The First National Bank of Clifton
Clinton ........... The Clinton National Bank
C lo s te r............ Closter National Bank and Trust
Company
Cranbury ....... The First National Bank of
Cranbury
C ranford.........^Cranford Trust Company
C ranford.........v The First National Bank of Cranford
Dover ............. *The Dover Trust Company
Dover ............. The National Union Bank of Dover
Dumont .......... The Dumont National Bank
Dunellen ........ The First National Bank of Dunellen
Dunellen ........^ P eop le’s Trust Company
East Orange . .^E ast Orange Trust Co.
East Orange ..^ S a vin gs Investment & Trust Co.
Eatontown . . . The First National Bank of
Eatontown
Elizabeth ....... ^Central Home Trust Company of
Elizabeth, N. J.
Elizabeth ....... "*The Elizabethport Banking
Company
Elizabeth ....... The National State Bank of
Elizabeth
Englewood . . . The Citizens National Bank and
Trust Company of Englewood
Englishtown .. The First National Bank of
Englishtown
Farmingdale .. The First National Bank of
Farmingdale
Flemington . . . The Flemington National Bank and
Trust Company
Flemington . . . The Hunterdon County National
Bank of Flemington
Fort L e e ......... *Fort Lee Trust Company
Franklin . . . . . . "^Sussex County Trust Company
Freehold ........ The Central National Bank of
Freehold
Freehold . . . . . The First National Bank of Freehold
Frenchtown .. The Union National Bank of
Frenchtown
Garwood ........ The First National Bank of Garwood
Glen Ridge .. .'~-*Glen Ridge Trust Company
Glen Rock . . . . Glen Rock National Bank
Hackensack ... The Bergen County National Bank
of Hackensack

CONNECTICUT
The Bethel National Bank
The First National Bank and Trust
Company of Bridgeport
Danbury ..
City National Bank & Trust
Company of Danbury
Danbury .
The Danbury National Bank
East Port
The Bryam National Bank of East
Chester
Port Chester (P.O., Port Chester,
N. Y.)
Greenwich . . . .
First National Bank in Greenwich
New Canaan... The First National Bank & Trust
Company of New Canaan
Norwalk .
The National Bank of Norwalk
Ridgefield
The First National Bank and Trust
Company of Ridgefield
South Norwalk
The City National Bank of South
Norwalk
S tam ford ........ First-Stamford National Bank &
Trust Co.
l/
N E W JERSEY
A llen d a le........ The First National Bank of
Allendale
Allenhurst
Allenhurst National Bank and Trust
Company
Allentown
The Farmers National Bank of
Allentown
Asbury Park .. Asbury Park National Bank and
Trust Company
Atlantic
The Atlantic Highlands National
Highlands
Bank
Bayonne . . .
*Bayonne Trust Company ""
Bayonne . . . . Hudson County National Bank
(branch, head office Jersey City)
Bayonne
The Mechanics’ National Bank of
Bayonne
Belleville
The First National Bank of
Belleville
B ellev ille__ _
Peoples National Bank and Trust
Company of Belleville
Belvidere . . . . . The First National Bank of
Belvidere
Bergenfield .. . The Bergenfield National Bank and
Trust Company
Bernardsville . The Bernardsville National Bank
The First National Bank of
Blairstown ...
v
Blairstown
Bloomfield . . . . *Bloomfield Bank and Trust —
Company
Bloomfield . . . . ^Community Trust Company of
Bloomfield
Bloomfield . . . . ^The Watsessing Bank
Bloomingdale . The First National Bank of
Bloomingdale
Bloomsbury . .. The Citizens National Bank of
Bloomsbury
. "*Bank o£ Bogota
Bogota
The Bogota National Bank
Bogota
Bethel
Bridgeport




2

* State bank member

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

(0 5 0 1

MEMBER BANKS— SECOND FEDERAL RESERVE DISTRICT
N E W JERSEY— (Continued)
Hackensack . . . The City National Bank and Trust
Company of Hackensack
Hackensack .. . ^Peoples Trust and Guaranty
Company
Hackensack .. . *State Bank & Trust Company of
Hackensack, N. J.
H a led on .......... Haledon National Bank
H a m b u rg ....... The Hardyston National Bank of
Hamburg
Harrison . . . . . The Harrison National Bank
Hasbrouck
Heights . . . *Bank of Hasbrouck Heights
High Bridge .. The First National Bank of
High Bridge
Highland Park
The First National Bank of
Highland Park
H illsdale......... The Hillsdale National Bank
Hillside .......... -The Hillside National Bank
(P.O., Elizabeth, N. J.)
Hoboken ....... The First National Bank of Hoboken
H o p e ............... The First National Bank of Hope
Irvington ....... The Irvington National Bank
Irviagton ....... The Peoples National Bank & Trust
Company of Irvington
Jersey C it y ___ ^Commercial Trust Company of
New Jersey
Jersey C it y ___ The First National Bank of
Jersey City
Jersey C it y ___ The Franklin National Bank of
Jersey City
Jersey City . . . . Hudson County National Bank
Jersey C it y ___ Journal Square National Bank of
v Jersey City
Jersey C it y ___*The New Jersey Title Guarantee and
Trust Company
Keansburg . . . The Keansburg National Bank
Kearny ........... Kearny National Bank
Keyport . . . . . . The Peoples National Bank of
Keyport
Lambertville
Am well National Bank
Lambertville . . The Lambertville National Bank
L in d e n ............* Linden Trust Company
Little Falls . . . The Little Falls National Bank
Little Ferry . . . The Little Ferry National Bank
Livingston . . . . Livingston National Bank
Lodi . . ............ First National Bank in Lodi
M a d ison .......... The First National Bank of Madison
Manasquan . . . Manasquan National Bank
M anville.......... The Manville National Bank
Matawan . . . . . The Farmers and Merchants
National Bank of Matawan
M ilfo r d ........... The First National Bank of Milford
Millburn . . . . . The First National Bank of Millburn
Milltown ........ The First National Bank of Milltown
Montclair . . . . . *Bank of Montclair
M on tclair....... The First National Bank and Trust
Company of Montclair (P. O.,
Upper Montclair, N. J.)
M on tclair....... The Montclair National Bank
M on tclair....... "*Montclair Trust Company




N EW JERSEY— (Continued)
M on tclair....... The Peoples National Bank of
Montclair
Morristown . . . The First National Bank of
.
Morristown
Morristown . . . ^Morristown Trust Company
Morristown ..,. The National Iron Bank of
Morristown
N e tco n g .......... The Citizens National Bank of
Netcong
N ew ark........... ^Colum bus Trust Company
N ew ark........... Federal Trust Company
N ew ark........... ^ F id elity Union Trust Company
N ew ark........... "^Franklin Washington Trust
Company
Newark .......... Lincoln National Bank of Newark
N ew ark........... ’“♦Merchants and Newark Trust
Company of Newark, N. J.
N ew ark........... The Mount Prospect National Bank
of Newark
N ew ark........... The National Newark and Essex
Banking Company of Newark
N ew ark........... The National State Bank of Newark
N ew ark........... The Peoples National Bank of
Newark
N ew ark........... The South Side National Bank and
Trust Company of Newark
N ew ark........... Union National Bank in Newark
N ew ark........... ^U nited States Trust Company of
Newark
New Brunswick The National Bank of New Jersey
New
The Peoples National Bank of
Brunswick ..,
New Brunswick
Newton
The Sussex and Merchants National
Bank of Newton
North Bergen . The First National Bank of
North Bergen
Nutley ..,.. . .,. *Bank of Nutley
Nutley . . , . .j. The First National Bank of Nutley
Nutley . . , . . , . The Franklin National Bank of
' Nutley
Oradell ....... ... The First National Bank of Oradell
Orange ........... The Second National Bank of
Orange
Orange ........... "^The Trust Company of Orange
Park Ridge . . . The First National Bank of
Park Ridge
Passaic ........... . Passaic National Bank and Trust
Company
P aterson....... . The First National Bank of Paterson
Paterson....... .
The Paterson National Bank
Paterson....... . The Second National Bank of
Paterson
Perth Amboy.. The First National Bank of Perth
Amboy
Perth Amboy . The Perth Amboy National Bank
Phillipsburg .. The Phillipsburg National Bank and
Trust Company
Phillipsburg .. The Second National Bank of
Phillipsburg
Plainfield . . . . . The First National Bank of
Plainfield
3

* State bank member

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

10501

M EM BER BANKS— SECOND FED ERAL RESERVE D ISTRICT
N E W JERSEY— (Continued)
Plainfield . . . . ."^Mid-City Trust Company
P lainfield........ The Plainfield National Bank
Plainfield . . . . .'s*The Plainfield Trust Company
Plainfield........"’•‘The State Trust Company
Prospect Park . The Prospect Park National Bank
(P. O. Paterson, N. J.)
Rahway ..........\The Rahway National Bank
Rahway .......... ’'Rahway Trust Company
R am sey........... The First National Bank and Trust
Company of Ramsey
Red Bank . . . . The Second National Bank and
Trust Company of Red Bank
Ridgefield
^Ridgefield Park-Overpeck Trust
Park ............
Company
R idgew ood---Citizens National Bank and Trust
Company of Ridgewood
R idgew ood---First National Bank and Trust
Company of Ridgewood
Rochelle Park . ^Rochelle Park Bank, of Rochelle
Park, N. J.
Rockaway ----- First National Bank in Rockaway
R o s e lle ............ The First National Bank of Roselle
Rutherford---- v The Rutherford National Bank
Rutherford . . . . ^Rutherford Trust Company
Sayreville....... The First National Bank of
Sayreville
Somerville . . . . The Second National Bank of
Somerville
South Amboy . The First National Bank of
South Amboy
South Orange.. *Savings Investment and Trust
Company, (branch, head office
East Orange)
South Orange . *South Orange Trust Company
South
The First National Bank of
Plainfield . . .
South Plainfield
South River ... The First National Bank of
South River
Springfield . . . . The First National Bank of
Springfield
Sum m it........... The First National Bank and Trust
Company of Summit
S um m it........... ^T h e Summit Trust Company
S ussex............. The Farmers National Bank of
Sussex
T e a n e ck .......... The Teaneck National Bank
T e n a fly ........... The Northern Valley National
Bank of Tenafly
Union .............. The Union Center National Bank
Union City . . . The First National Bank of
Union City
Weehawken . . The Hamilton National Bank of
Weehawken
West
Englewood . The W est Englewood National Bank
Westfield ....... The National Bank of Westfield
Westfield ....... ^Peoples Bank and Trust Company
of Westfield
Westfield ....... ^ T h e Westfield Trust Company
B = Bank in Buffalo Branch territory.
1 Licensed since issuance of previous list.




N E W JERSEY— (Continued)
West New
VfThe New Jersey Title Guarantee and
York . . . . . . .
Trust Co. (branch, head office
Jersey City)
WTest Orange . The First National Bank of
West Orange
W e s tw o o d ---- The First National Bank of
Westwood
Westwood ....^ W e s t w o o d Trust Company
Whippany . . . . The First National Bank of
Whippany
,
W ood Ridge .. The W ood Ridge National Bank t/'
W y c k o ff......... The First National Bank of
./
W yckoff
4 I*
N E W Y O R K STA TE
Adams .......... .''♦Citizens and Farmers Trust
Company
A d d is o n .......... The First National Bank of Addison
Afton .............. First National Bank of Afton
A lb a n y ............*First Trust Company of Albany
A lb a n y ............ The National Commercial Bank and
Trust Company of Albany
A lb a n y ............ The New York State National Bank
of Albany
Allegany ........B The First National Bank of Allegany
Amenia .......... The First National Bank of Amenia
Amityville . . . . First National Bank and Trust
Company of Amityville
Amsterdam . . . The Amsterdam City National Bank
Amsterdam . . . The Farmers National Bank of
Amsterdam
Amsterdam . . . The First National Bank of
. Amsterdam
Amsterdam . . . ^Montgomery County Trust Company
A n d e s .............. The National Bank of Andes
A n d o v e r......... 8 The Burrows National Bank of
Andover
A n g o la ............8 The Evans National Bank of Angola
Arcade ............8 The First National Bank of Arcade
Ardsley .......... The First National Bank of Ardsley
Argyle ............ The National Bank of Argyle
Athens ............ The Athens National Bank1
A u b u rn ........... The Auburn-Cayuga National Bank
and Trust Company
A u r o r a ........... The First National Bank of Aurora
A v o c a ..............*Bank of Avoca
B a b y lo n .......... The Babylon National Bank & Trust
Company
Bainbridge___ The First National Bank of
Bainbridge
B a ld w in .......... The Baldwin National Bank and
Trust Company
Baldwinsville . The First National Bank and Trust
Company of Baldwinsville
Ballston Spa .. The Ballston Spa National Bank
Barker ............B The Somerset National Bank of
Barker
B atavia........... ^ T h e First National Bank of Batavia
B atavia........... B*Genesee Trust Company
Bath ................ The Bath National Bank
4

* State bank member

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

jpA ) .

10

SO 1

MEMBER BANKS— SECOND F ED ERAL RESERVE D ISTRICT
N E W Y O R K STATE— (Continued)
Bay Shore . . . . The First National Bank and Trust
Company of Bay Shore
B e a co n ............ The Fishkill National Bank of
Beacon
B e a co n .......... . The Matteawan National Bank of
Beacon
Belfast ............B The First National Bank of Belfast
Bellerose ........ The First National Bank of
Bellerose
Bellmore . . . . . . . The First National Bank of Bellmore
Belmont . . . . . . B*The State Bank of Belmont, N. Y.
Binghamton . . The City National Bank of
Binghamton
Binghamton . . The First National Bank of
\.
Binghamton
Binghamton . . ^Marine Midland Trust Company of
v Binghamton
Blasdell . . . . . .B*Bank of Blasdell
Bolivar ........... B The First National Bank of Bolivar
Bolton
Bolton National Bank of Bolton
Landing
L a n d in g___
B oon ville........ The First National Bank of
Boon ville
B oon ville........ The National Exchange Bank of
Boonville
Brewsters ___ The First National Bank of
Brewsters
Bridgehampton The Bridgehampton National Bank
Bronxville . . . . The Gramatan National Bank and
,
Trust Company of Bronxville
B u ffa lo............^L iberty Bank of Buffalo
Buffalo . . . . . . .B*The Marine Trust Company of
Buffalo
B u ffa lo............B The Niagara National Bank of
Buffalo
B u ffalo............^Manufacturers and Traders Trust
Company
C a ir o ............... The First National Bank of Cairo
Caledonia....... B The First National Bank of
. Caledonia
Cam bridge___ The Cambridge Valley National
Bank
Camden .......... The First National Bank and Trust
Company of Camden
Canajoharie ... The Canajoharie National Bank
Canandaigua . . The Canandaigua National Bank and
Trust Company
Canandaigua . . O n t a r i o County Trust Company
Canastota ___ The First National Bank of
Canastota
Candor . . .......... The First National Bank of Candor
Canisteo . . . . . . *First State Bank of Canisteo, N. Y.
Canton ______ The First National Bank of Canton
Canton ______ The St. Lawrence County National
Bank of Canton
Carmel ____ __
The Putnam County National Bank
of Carmel
Carthage ........ Carthage National Exchange Bank
Castleton on
The National Exchange Bank of
Hudson . . . .
Castleton on Hudson
Zatskill....... .. Catskill National Bank and Trust
Company
3 = Bank in Buffalo Branch territory.




N E W Y O R K STATE— (Continued)
C atskill--------- The Tanners National Bank of
Catskill
Cazenovia . . . . The Cazenovia National Bank
Cedarhurst---- The Peninsula National Bank of
Cedarhurst
Center
^
Moriches — ^Center Moriches Bank
Central Islip .. The Central Islip National Bank
Central Square
The First National Bank of
Central Square
Central Valley
The Central Valley National Bank
Chappaqua---- The Chappaqua National Bank
Chateaugay . . . The First National Bank of
Chateaugay
Chatham ........*State Bank, Chatham, New York
Chester ......... The Chester National Bank
Clayton .......... The First National Exchange Bank
of Clayton
Clifton Springs The Ontario National Bank of
Clifton Springs
Clinton ........... The Hayes National Bank of Clinton
Clyde .............. The Briggs National Bank & Trust
Company of Clyde
Cobleskill ----- The First National Bank of
\ Cobleskill
Cohocton ....... ’’‘The Cohocton State Bank
Cohoes ............ The National Bank of Cohoes
Cold Spring ... The National Bank of Cold Spring
on Hudson
Cooperstown .. The First National Bank of
Cooperstown
Cooperstown .. The Second National Bank of
Cooperstown
Copenhagen .. The Copenhagen National Bank
Corning .......... First National Bank and Trust
Company of Corning
Cornwall ........ The Cornwall National Bank
C ortland......... The National Bank of Cortland
C ortland......... Second National Bank and Trust
Company of Cortland
C oxsackie....... The National Bank of Coxsackie
Croghan ....... . The Croghan National Bank
Croton on
The First National Bank of Croton
Hudson . . . .
on Hudson
Cuba ............... B The Cuba National Bank
Cuba ............... B The First National Bank of Cuba
C utchogue___ The First National Bank of
Cutchogue
Dansville ........B The Merchants and Farmers
National Bank of Dansville
D e lh i........... .. The Delaware National Bank of
Delhi
D e p o sit....... ... The Farmers National Bank of
Deposit
Dexter . . . . . . . The First National Bank of Dexter
Dolgeville ___ The First National Bank of
Dolgeville
Dover Plains .. The Dover Plains National Bank
Downsville . . . The First National Bank of
Downsville
Dryden .......... The First National Bank of Dryden
Dundee .......... The Dundee National Bank

5

* State bank member

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

p <0*. 1 0 50 1

M EM BER BANKS— SECOND FE D E R A L RESERVE D ISTRICT
N E W Y O R K STA TE— (Continued)
N E W Y O R K STATE— (Continued)
Citizens National Bank and Trust
Fulton
D u n k irk .......... ^D unkirk Trust Company
Company of Fulton
D u n k irk .......... B The Lake Shore National Bank of
The Fultonville National Bank
Fulton ville
Dunkirk
Earlville . . . . . . \The First National Bank of Earlville Gainesville
B The Gainesville National Bank
East Aurora . .B*The Bank of East Aurora
Garden City
^Garden City Bank and Trust
East Islip . . . . The First National Bank of East
Company
Islip
Geneseo
B Genesee Valley National Bank and
East
The Citizens National Bank of
* Trust Company of Geneseo
Northport . .
East Northport
Geneva ..
* Geneva Trust Company
Eastport . . . . . . . The Eastport National Bank
Geneva ..
The National Bank of Geneva
East
East Rockaway National Bank &
Glen Cove
The First National Bank of
Rockaway . .
Trust Company
Glen Cove
East Setauket . The Tinker National Bank of East
The First National Bank of
Glen Head .
Setauket
Glen Head
Edmeston . . . • The First National Bank of
The
First National Bank of
Glens
Falls
- Edmeston
Glens Falls
Ellenville
The First National Bank and Trust
Glens Falls National Bank and Trust
Glens Falls
Company of Ellenville
Company
Ellenville ....... The Home National Bank of
City
National Bank and Trust
Gloversville
Ellenville
Company of Gloversville
Elmijca ............ ’ Chemung Canal Trust Company
The Fulton County National Bank (
Gloversville
Elmira ............ First National Bank & Trust
and Trust Company of
Company of Elmira
Gloversville
Elmira ............ Southside National Bank of Elmira
"*Trust Company of Fulton County
Gloversville
E lm s fo r d ........ The First National Bank of
Goshen
The Goshen National Bank
Elmsford
The National Bank of Orange
Goshen ___
E n d ico tt.......
The Endicott National Bank
County of Goshen
Endicott ____ /^ E n dicott Trust Company
The First National Bank of
Grand Gorge
E n d ico tt......... *Union Trust Company of Endicott
Grand Gorge
(P. O.—Union Station, N. Y.)
The
Washington County National
Granville
..
F a irp ort..........B Fairport National Bank and Trust
Bank of Granville
Company
First National Bank in Greene
Greene ........
Farmingdale .. *The Bank of Farmingdale
The First National Bank of
Greenport ..
Farmingdale .. The First National Bank of
Greenport
Farmingdale
The Peoples National Bank of
Greenport ..
Fleischmanns . The First National Bank of
Greenport
Fleischmanns
The First National Bank of
Floral Park . . . The First National Bank and Trust Greenwich ..
Greenwich
.
Company of Floral Park
The
First National Bank of Groton
Groton
.......
Floral Park . . . * Floral Park Bank
Peoples Bank of Hamburgh
Hamburg ..
F o n d a ............. The National Mohawk River Bank
Hamden
The First National Bank of Hamden
of Fonda
The National Hamilton Bank
‘ Hamilton ...
F orestville___ B The First National Bank of
Forestville
Hammondspor *The Bank of Hammondsport
Fort Edward .. The Fort Edward National Bank
The Hampton Bays National Bank
Hampton Bays
The First National Bank of Hancock
Fort Plain . . . . The Fort Plain National Bank
H a n cock .......
The First National Bank of Harrison
rra n k fort....... Citizens First National Bank of
Harrison . . . .
The Hartsdale National Bank
Frankfort
Hartsdale . . .
The Hartwick National Bank
Franklin
Hartwick . . . .
Square ........ The Franklin Square National Bank Hastings-upon
The First National Bank of
Franklinville . . B The Union National Bank of
Hastings-upon-Hudson
Hudson . . .
Franklinville
The Second National Bank of
Hempstead ..
Fredonia . . . . .^Citizens Trust Company of Fredonia,
Hempstead
New York
The First National Bank of
Herkimer
Fredonia . . . ...B The National Bank of Fredonia
Herkimer
F reeport......... The Citizens National Bank of
The First National Bank of Hermon
Hermon .
Freeport
The First National Bank of
Heuvelton
Heuvelton
Freeport ........ The First National Bank and Trust
Company of Freeport
^Bank of Hicksville
Hicksville
Friendship . . . .B The Union National Bank of
The Long Island National Bank of
Hicksville
Friendship
Hicksville
b

= Bank in Buffalo Branch territory.




6

* State bank member

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

lO SO L

MEMBER BANKS— SECOND FEDERAL RESERVE DISTRICT
N E W Y O R K ST A T E — (Continued)
N E W Y O R K STATE—-(Continued)
Liberty ......... The National Bank of Liberty
Highland ....... The First National Bank of
Highland
Liberty .......... The Sullivan County National Bank
Hobart . . . . . . The National Bank of Hobart
of Liberty
Holcomb ...... The Hamlin National Bank of
Lindenhurst .. The First National Bank of
Holcomb
Lindenhurst
Holland
The First National Bank of
Lisle ............... The First National Bank of Lisle
Patent ........
Holland Patent
Little Falls . . . "XThe Herkimer County Trust
Homer .......... The Homer National Bank
Company
Hoosick Falls . The Peoples-First National Bank of Little Falls . . . The Little Falls National Bank
Hoosick Falls
Livingston
The Livingston Manor National
Horseheads . . . The First National Bank of
Manor ____
Bank
Horseheads
Livonia _____ .,B The Stewart National Bank and
H u d son ........... The Farmers National Bank of
Trust Company of Livonia
Hudson
Lockport ........B Niagara County National Bank and
Hudson Falls . The Peoples National Bank of
Trust Company
Hudson Falls
Long Beach ... The National City Bank of
Hudson Falls . The Sandy Hill National Bank of
Long Beach
Hudson Falls
Lowville ........ The Black River National Bank of
Huntington . . . First National Bank and Trust
.
Lowville
Company of Huntington
Lowville ........^ L ew is County Trust Company
Ilion ............... Ilion National Bank and Trust
Lynbrook ___ The Lynbrook National Bank &
Company
Trust Company
Interlaken . . . . The Wheeler National Bank of
Lynbrook ___ The Peoples National Bank and
Interlaken
Trust Company of Lynbrook
In wood .......... The First National Bank of Inwood Lyons Falls . . . The Lyons Falls National Bank
Irvington ....... The Irvington National Bank and
Mahopac ........ The Mahopac National Bank
Trust Company
Malone ........... The Citizens National Bank of Malone
Islip ............... The First National Bank of Islip
Malone ........... The Farmers National Bank of
Ithaca ........... . The First National Bank of Ithaca
Malone
Ithaca ............. ^Ithaca Trust Company
Malone . .......... ♦The Peoples Trust Company of
Ithaca ......... ..
The Tompkins County National
Malone
Bank
Manhasset
___
First
National Bank and Trust
Jamestown .. B*Bank of Jamestown
Company of Manhasset
Jamestown .. . B The First National Bank of
M arathon....... The First National Bank of
Jamestown
Marathon
Jeffersonville . The First National Bank of
Marion
............
The
First National Bank of Marion
Jeffersonville
Marlboro ....... The First National bank of
lohnson City ., ^Workers Trust Company
Marlboro
Jordan . . . . . . . . . > The Jordan National Bank
Massena . . . . . The First National Bank and Trust
K aton a h ......... ^Northern Westchester Bank
Company of Massena
Keeseville . . . . The Keeseville National Bank
Mattituck
.
.
.
.
The
Mattituck National Bank and
Kenmore ........B The First National Bank of
Trust Company
Kenmore (P. O., Hertel Station,
Mayville ........^ T h e State Bank of Mayville,
Buffalo, N. Y.)
Mayville, N. Y.
Kerhonkson . . . The Kerhonkson National Bank
Merrick
.........
The
First National Bank of Merrick
Kinderhook . . . The National Union Bank of
Mexico . . . . . . . The First National Bank of Mexico
Kinderhook
Middleburgh .. The First National Bank of
K in g s to n ........ First National Bank of Rondout
Middleburgh
Kingston . . . . . ♦Kingston Trust Company
Middleville . . . The Middleville National Bank
K in g s to n ........ The Rondout National Bank of
M ilfo r d ........... The Milford National Bank
Kingston
M illb rook ....... ’ 'Bank of Millbrook
Kingston . . . . . The State of New York National
Bank
Millerton ....... The Millerton National Bank
Lackawanna . . B Lackawanna National Bank
Milton . . . . . . . The First National Bank of Milton
L a co n a ............ The First National Bank of Lacona
Mineola . . . . . . The Central National Bank of
La Fargeville . First National Bank of La Fargeville
Mineola
Lake George .. First National Bank of Lake George Mineola .......... The First National Bank of Mineola
Lake
The National Bank of
Mineola ..........''♦Nassau County Trust Company
Ronkonkoma
Lake Ronkonkoma
Minoa ...........
First National Bank of Minoa
Lancaster ----- B The Citizens National Bank of
Monticello ---- The National Union Bank of
Lancaster
Monticello
b=

Bank in Buffalo Branch territory.




7

♦ State bank member

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

iOSQi

M EM BER BANKS— SECOND FE D E R A L RESERVE D ISTRICT
New York City (Continued)
The Chase National Bank of the
City of New York
"♦Chemical Bank & Trust Company
''♦Clinton Trust Company
^ C olon ial Trust Company
The Commercial National Bank and
Trust Company of New York
"♦The Continental Bank & Trust
Company of New York
"’’’'Corn Exchange Bank Trust
Company
'"'♦County Trust Company of New
York
The Dunbar National Bank of
New York
^Federation Bank & Trust Co.
•-♦The Fifth Avenue Bank of
New York
The First National Bank of the
City of New York
"■♦Fulton Trust Company of New York
Grace National Bank of New York
""♦Guaranty Trust Company of
New York
^ T h e Harbor State Bank
*Irving Trust Company
"♦Manufacturers Trust Company
''♦ T h e Marine Midland Trust Company
of New York
"■^The Merchants Bank
National Bank of Yorkville in
New York
The National City Bank of
New York
The National Safety Bank and Trust
Company of New York
"''♦The New York Trust Company
The Public National Bank and Trust
Company of New York
""♦J. Henry Schroder Trust Company
Sterling National Bank & Trust
Company of New York
♦Trade Bank of New York
"♦United States Trust Company of
New York
Borough of
The Bayside National Bank of
Queens
New York
College Point National Bank of
New York
The National Bank of Far Rockaway
The National Bank of Queens
County in New York, Flushing
The Forest Hills National Bank of
New York
The Springfield Gardens National
Bank of New York
The Woodside National Bank of
New York
Borough of
The Mariner Harbor National Bank
Richmond
Staten Island National Bank & Trust
Company of New York
The Tottenville National Bank

N E W Y O R K STATE— (Continued)
Montour National Bank in
Montour Falls
Montour Falls
Moravia . . . . . . The First National Bank of Moravia
Morris .......... . The First National Bank of Morris
The Frontier National Bank of
Morristown ..
Morristown
Morrisville .. . The First National Bank of
Morrisville
The Mount Kisco National Bank and
Mount Kisco .
Trust Company
Mount Kisco . .'"♦Trust Company of Northern
Westchester
Mount Morris .B Genesee River National Bank of
Mt. Morris
The First National Bank of
Mount Vernon
Mount Vernon
Mount Vernon ^Fleetwood Bank
Nanuet ......... . Nanuet National Bank
Narrowsburg . The First National Bank of
Narrowsburg1
The First National Bank of
Newark
Newark Valley
Valley .......
The National Bank of New Berlin
New Berlin ..
Newburgh ... . Highland-Quassaick National Bank
and Trust Company of Newburgh
Newburgh . . . . National Bank of Newburgh
New Hartford . The First National Bank of
New Hartford
New Paltz . . . . The Huguenot National Bank of
New Paltz
New Rochelle
The Central National Bank of
New Rochelle

Borough of
The Bronx
Borough of
Brooklyn

Borough of
Manhattan

New York City
The National Bronx Bank of
New York
The Bensonhurst National Bank of
Brooklyn in New York
♦Brooklyn Trust Company
The Flatbush National Bank of
Brooklyn in New York
The Fort Greene National Bank of
Brooklyn
The Kingsboro National Bank of
Brooklyn in New York
Lafayette National Bank of Brook­
lyn in New York
The National Exchange Bank and
Trust Company of Brooklyn
in New York
The Peoples National Bank of
Brooklyn in New York
^ T h e Amalgamated Bank of
New York
"'♦Bankers Trust Company
'♦Bank of the Manhattan Company
""♦Bank of New York and Trust
Company
""♦Bank of Yorktown
^Central Hanover Bank and Trust
Company

== Bank in Buffalo Branch territory.
1 Licensed since issuance of previous list.

b




Borough of
Manhattan

8

* State bank member

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p X)» ( 0 5 0 1

MEMBER BANKS— SECOND F ED ERAL RESERVE D ISTRICT
N EW Y O R K STA TE— (Continued)
N E W Y O R K STATE— (Continued)
P lattsb u rg___ Plattsburg National Bank & Trust
Niagara Falls .^ P o w e r City Trust Company
Company
N ich o ls........... The Nichols National Bank
Pleasantville
..
The
First National Bank of
North Creek .. The North Creek National Bank
Pleasantville
Northport . . . . The First National Bank and Trust
Pleasantville ..^ M ou n t Pleasant Bank & Trust
Company of Northport
Company
North Syracuse The North Syracuse National Bank
Poland ........... The Citizens National Bank of
The First National Bank of
North
Poland
Tarry town
North Tarry town
Port Byron . . . The National Bank of Port Byron
N o rw ich ......... The Chenango County National
Port Chester .. The First National Bank and Trust
Bank and Trust Company
Company of Port Chester
of Norwich
Port Chester . .^M utual Trust Company of
N o rw ich ......... The National Bank and Trust
Westchester County
Company of Norwich
Port Jefferson . The First National Bank of
N y a c k ............. The Nyack National Bank and Trust
Port Jefferson
Company
The First National Bank of
Port
J
e
rv
is
---The Oceanside National Bank
Oceanside
Port Jervis
(P. O., Rockville Centre, N. Y .)
Port J e rv is---- The National Bank and Trust
Odessa ............ The First National Bank of Odessa
Company of Port Jervis
Ogdensbutg .. ^Ogdensburg Trust Company
Port L eyden... The Port Leyden National Bank
Old Forge . . . . The First National Bank of
The Harbor National Bank of
Port
Old Forge
Port Washington
Washington
Olean .........., . B The Exchange National Bank of
The Port Washington National
Port
Olean
Bank and Trust Company
Washington
Olean ..............Bv The First National Bank of Olean
Potsdam ........ The Citizens National Bank of
Olean ..............B*01ean Trust Company
Potsdam
Oneida . . . . . . . "^Madison County Trust & Deposit Co. Poughkeepsie . The Fallkill National Bank and
O n e id a ........... The Oneida Valley National Bank
Trust Company of Poughkeepsie
of Oneida
Poughkeepsie . The Farmers and Manufacturers
O n eon ta.......... The Citizens National Bank and
National Bank of Poughkeepsie
Trust Company of Oneonta
Poughkeepsie . The First National Bank of
O neonta.......... The Wilber National Bank of
Poughkeepsie
Oneonta
Poughkeepsie . Merchants National Bank & Trust
Orchard Park . ^*Th.e Bank of Orchard Park
Company of Poughkeepsie
Oriskany Falls "*The First Trust and Deposit
Ravena ........... The First National Bank of Ravena
Company of Oriskany Falls, N. Y. Red Hook . . . . The First National Bank of
Ossining ........ The First National Bank and Trust
Red Hook
Company of Ossining
R e d w o o d ........ The Redwood National Bank
Oswego .......... First and Second National Bank and Remsen .......... The First National Bank of Remsen
Trust Company of Oswego
R h in ebeck ----- The First National Bank of
O w e g o -----. . . The First National Bank of Owego
Rhinebeck
Owego
The Owego National Bank
The First National Bank of
Richfield
Painted Post
The First National Bank of
Richfield Springs
S p rin gs........
Painted Post
The Suffolk County National Bank
Riverhead
Patchogue ..
The Peoples National Bank of
of Riverhead
Patchogue
R ochester___.B The First National Bank and Trust
P a w lin g .......... The National Bank of Pawling
Company of Rochester
Pearl River
First National Bank and Trust
R ochester....... ^'Lincoln-Alliance Bank and Trust
Company of Pearl River
Company
Pearl River
^State Bank of Pearl River, N. Y.
Rockville
The Nassau County National Bank
Peekskill .
The Peekskill National Bank and
Centre . . . . . .
of Rockville Centre
Trust Company
Rome .............. The Farmers National Bank and
Peekskill .
The Westchester County National
Trust Company of Rome
Bank of Peekskill1
Rome . . . . . . . . ^R om e Trust Company
Perry ..........* .^ T h e Citizens Bank of Perry
Roosevelt ----- The First National Bank of
Perry . . .......... b The First National Bank of Perry
Roosevelt
Pine Plains . . . The Stissing National Bank of
R o s c o e ............ The First National Bank & Trust
p ine JPJctins
Company of Roscoe
Pittsford . . . . . b The Pittsford National Bank
Roslyn ............ The Roslyn National Bank & Trust
Plattsburg . . . . Merchants National Bank in
Company
Plattsburg
R o x b u ry ......... The National Bank of Roxbury
— Bank in Buffalo Branch territory.
1 Licensed since issuance of previous list.

b




9

* State bank member

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

(0501

MEMBER BANKS— SECOND F ED ERAL RESERVE D ISTRICT
N EW Y O R K STA TE— (Continued)
Rye ................. The Rye National Bank
St. Johnsville . The First National Bank of
St. Johns ville
St. Regis Falls
The St. Regis Falls National Bank
Salamanca . . . .B^Salamanca Trust Company
Salem .............. The Salem National Bank
Saranac Lake . Adirondack National Bank and
Trust Company of Saranac Lake
Saranac Lake
The Saranac Lake National Bank
Saratoga
Springs . . . ^The Adirondack Trust Company
Saratoga
Saratoga National Bank of Saratoga
Springs ...
Springs
Saugerties ..
The First National Bank & Trust
Company of Saugerties
Sayville ----The Oystermen’s National Bank of
Sayville
Scarsdale
^Caleb Heathcote Trust Company
Scarsdale
Scarsdale National Bank and Trust
Company
Scheneetady
The Mohawk National Bank of
Schenectady
"*The Schenectady Trust Company
Schenectady
The Union National Bank of
Schenectady
Schenectady
The Schenevus National Bank
Schenevus ..
Schuylerville , The National Bank of Schuylerville
The Seaford National Bank
Seaford .......
The Sherburne National Bank
Sherburne ..
The First National Bank of Sherrill
Sherrill .......
First National Bank in Sidney
Sidney ........
B The First National Bank of
Silver Creek
Silver Creek
,B The Silver Creek National Bank
Silver Creek
National Bank and Trust Company
Skaneateles
of Skaneateles
Smithtown
Branch
.''.♦Bank of Smithtown
Southampton . The First National Bank of
Southampton
Southampton ''s^The Southampton Bank1
South
Fallsburg ., . The South Fallsburg National Bank
South Otselic . The Otselic Valley National Bank of
South Otselic
Sparkill ___ . The First National Bank of Sparkill
Springville .. .B The Citizens National Bank of
Springville
Stamford . . . . The National Bank of Stamford
Stony Brook .^B ank of Suffolk County
S u ffern ........ . The Suffern National Bank and
Trust Company
. First Trust and Deposit Company
Syracuse
. Lincoln National Bank and Trust
Syracuse
Company of Syracuse
. The Merchants National Bank &
Syracuse
Trust Company of Syracuse
. ^The Syracuse Trust Company
Syracuse ..
.. The Tarrytown National Bank and
Tarry town
Trust Company
.^W ashington Irving Trust Company
Tarry town
B = Bank in Buffalo Branch territory.
1 Became member bank May 23,1933.




N E W Y O R K STATE— (Continued)
Theresa .......... The Farmers National Bank of
Theresa
The Ticonderoga National Bank
Ticonderoga
T r o y ................ The Manufacturers National Bank
of Troy
The National City Bank of Troy
T r o y ..........
T r o y ................ The Union National Bank of Troy
T u ck ah oe....... The First National Bank & Trust
Company of Tuckahoe
Tully .............. The First National Bank of Tully
Tupper Lake .. The Tupper Lake National Bank
T u x e d o ........... The Tuxedo National Bank (P. O.,
Tuxedo Park, N. Y .)
U n a dilla ......... The Unadilla National Bank
U t ic a ............... N*First Citizens Bank and Trust
Company of Utica
U t ic a ............... The Oneida National Bank and
Trust Company of Utica
Valley Stream
Valley Stream National Bank and
Trust Company
Vernon ........... The National Bank of Vernon
Walden .......... The First National Bank and Trust
Company of Walden
The Wallkill National Bank
Wallkill
The First National Bank and Trust
Walton
Company of Walton
The
Emerson National Bank of
Warrensburj
Warrensburgh
B The W yom ing County National
Warsaw . . .
Bank of Warsaw
The First National Bank of Warwick
Warwick
The First National Bank of
Waterloo
Waterloo
The Jefferson County National Bank
Watertown
of Watertown
^ T h e Northern New York Trust
Watertown
Company
The Watertown National Bank
Watertown
The National Bank of Waterville
Waterville
The National Bank of Watervliet
Watervliet
Glen National Bank of Watkins
Watkins . . .
The Citizens National Bank of
Waverly ...
Waverly
The First National Bank of Waverly
Waverly ..
The First National Bank of Wayland
Wayland .
The First National Bank of
Weedsport
Weedsport
The Hamilton County National
Wells . . . .
Bank of Wells
B The Citizens National Bank of
Wellsville
Wellsville
-*Bank of Westbury Trust Company
Westbury
Westbury
The Wheatley Hills National Bank
of Westbury
B The National Bank of Westfield
Westfield
The W est Hempstead National
W est
Bank
Hempstead
The Lake Champlain National Bank
W estport
of Westport
West
The W est Winfield National Bank
Winfield
10

* State bank member

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

fd. (0501

M EM BER BANKS— SECOND FE D E R A L RESERVE D ISTRICT
N E W Y O R K STATE— (Continued)
Whitehall . . . . . The Merchants National Bank of
Whitehall
White Plains.. ^The Citizens Bank of White Plains,
N. Y.
White Plains .. "Hrhe County Trust Company
White Plains .. The Peoples National Bank and
Trust Company of White Plains
Whitesboro ... The Whitestown National Bank of
Whitesboro
Whitesville . . . B The First National Bank of
Whitesville .
Whitney Point
The First National Bank of
Whitney Point
b

N E W Y O R K STA TE— (Continued)
The Williston National Bank of
Williston Park
Williston Park
The Essex County National Bank of
Willsboro . . .
Willsboro
The Windsor National Bank
Windsor
The First National Bank of
Winthrop
Winthrop
The First National Bank of W olcott
W olcott ..,
The First National Bank of
W oodridge
Woodridge
The National Bank of W yom ing
W yoming
Central National Bank of Yonkers
Yonkers ,
Yonkers National Bank and Trust
Yonkers .
Company

= Bank in Buffalo Branch territory.




* State bank member

11

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

f.b. 10501

NONM EM BER BANKS— SECOND F ED ERAL RESERVE D ISTRICT

The following lists of nonmember State banks and trust companies, savings banks, private
bankers, miscellaneous banking institutions; and agencies of foreign banks and of banking companies
incorporated outside of New York State, located in the Second Federal Reserve District, are based
upon the best information obtainable by the Federal Reserve Bank of New York.

NONMEMBER STATE BANKS AND TRUST COMPANIES
CONNECTICUT
Bridgeport . ... American Bank & Trust Co.
Bridgeport ___ Black Rock Bank and Trust Co.
Bridgeport __
Bridgeport-City Trust Co.
B ridg eport__
Commercial Bank & Trust Co.
Bridgeport __
North End Bank & Trust Co.
Bridgeport __ W est Side Bank
D arien ............. 'Home Bank & Trust Co.
Fairfield.......... Fairfield Trust Company
Greenwich . . . . Greenwich Trust Co.
G reenw ich___ Putnam Trust Co.
Norwalk _____
Merchants Bank and Trust Co.
Old .Greenwich. Trust Company of Old Greenwich
Shelton ........... Shelton Trust Co.
South Norwalk South Norwalk Trust Co.
Springdale
(Stamford) . Springdale Bank & Trust Co.
Stamford . . . . . Fidelity Title & Trust Co.
S tam ford........ Stamford Trust Co.
Stratford ........ Stratford Trust Co.
W e s tp o rt........ Westport Bank & Trust Co.

Asbury Park.
Bayonne .......
Bound Brook.
C a lifo n ..........
Chatham . . . .
Cliffside Park
East Newark
East Orange
East Orange
Elizabeth . . .
Elizabeth . . .
Englewood ..
Fair Lawn . .
F reehold----Garfield . . . .
Gladstone . . .
Guttenberg .
Hackensack .
Harrison
Hawthorne ..
H illside.......
Hoboken . . .
Hoboken
Hoboken . . .
Hoboken . . .




N E W JERSEY
Asbury Park and Ocean Grove Bank
Mechanics Trust Co.
Bound Brook Trust Co.
Hunterdon County Trust Co.
The Chatham Trust Co.
Cliffside Park Title Guaranty and
Trust Company
Harrison Kearny Trust Company
Ampere Bank and Trust Company
Essex County Trust Company
Union County Trust Co.
Elizabeth Trust Co.
Palisades Trust & Guaranty Co.
Fair Lawn-Radburn Trust Co.
The Freehold Trust Co.
Garfield Trust Co.
Peapack-Gladstone BankGuttenberg Bank and Trust
Company
Hackensack Trust Co.
W est Hudson County Trust Co.
Peoples Bank of Hawthorne
Hillside Trust Company
Columbia Trust Company of
New Jersey
Home Trust Company
Hudson Trust Co.
(branch, head office Union City)
Trust Company of New Jersey
(branch, head office Jersey City)

N E W JERSEY— (Continued)
Irvington
Chancellor Trust Co.
Irvington . . .
Irvington Trust Co.
Bergen Trust Company of N. J.
Jersey City .,
Bessemer Trust Company
Jersey City .,
Corporation Trust Company
Jersey City ..
Trust Company of New Jersey
Jersey City ..
West Bergen Trust Company
Jersey City .,
Keyport Banking Co.
K e y p o r t........
Long Branch Banking Co.
Long Branch.
Long Branch Trust Co
Long Branch,
New Jersey Trust Co. of
Long Branch.
Long Branch
Leonia Bank & Trust Co.
Leonia . . . .
Livingston State Bank
Livingston
Madison Trust Co.
Madison ..
Maplewood Bank & Trust Co.
Maplewood
Matawan Bank
Matawan ..
Commonwealth Bank of Metuchen
Metuchen ..
Essex Title Guaranty and Trust
Montclair ..
Company
M ontclair....... Town Trust Company
I
Morristown . . . American Trust Co.
Neptune,
Township of. Neptune Bank & Trust Co.
Newark .......... Central Bank and Trust Company
Newark .......... Marzano State Bank and Trust
Company
Newark .......... W est Side Trust Company
New Brunswick New Brunswick Trust Co.
Newton . . . . . . Newton Trust Co.
North Bergen. North Bergen Trust Co.
W oodcliff Trust Co.
North Bergen
Ocean . Grove.. Asbury Park and Ocean Grove Bank
(branch, head office Asbury Park)
P a ssa ic............ Passaic Park Trust Company
Paterson ......... Citizens Trust Company
P aterson......... Merchants Trust Company
Paterson ......... Peoples Park Bank
P aterson ......... Riverside Trust Company
P aterson......... Security Trust Company
Paterson ......... United States Trust Company
Peapack .......... (See Gladstone)
Phillipsburg .. Phillipsburg Trust Company
Raritan ............ Raritan State Bank
Red Bank ....... The Merchants Trust Company
Ridgewood . . . North Jersey Trust Co.
Roselle Park. . Roselle Park Trust Co.
Scotch Plains . First State Bank of Scotch Plains
Somerville . . . . Somerville Trust Co.
Summit .......... Citizens Trust Co.
South Amboy.. South Amboy Trust Co.
Tenafly ........... Tenafly Trust Co.
>
Union City . . .. Commonwealth Trust Company
12

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority _|2

a. iosoi

NONMEMBER BANKS— SECOND FEDERAL RESERVE DISTRICT
N E W JERSEY—.(Continued)
Union City . . . . Hudson Trust Company
Union City —
Merchants Trust Company
Union Ci t y. . . . Trust Company of New Jersey
(branch, head office Jersey City)
Union City . . . . Weehawken Trust and Title
Company
V e ro n a ............ Verona Trust Co.
Washington ... Washington Trust Co.
Weehawken. . . Park Trust Company
West New York The Trust Company of New Jersey
in West New York
N E W YO R K STA TE
A k ro n ..............B Bank of Akron
A lb a n y ............ Mechanics and Farmers Bank
Albion ............. B Orleans County Trust Company
Alden ..............B Alden State Bank
Alfred .............B University Bank
A m ityville___ Bank of Amity ville
Andover . < . . . . B Andover State Bank
Angelica . . — B Bank of Angelica
" A n tw erp ......... Bank of Antwerp
A r c a d e .......... . B Citizens Bank of Arcade
A r k p o r t.......... Arkport State Bank
Arlington ....... Vassar Bank
A t t ic a ..............B Bank of Attica
A tt ic a -----. . . . 3 Citizens Bank of Attica
A u b u rn ........... Auburn Trust Company
Ausable Forks. Bank of Ausable Forks
B a b y lo n .......... Bank of Babylon
B ald w in.......... Peoples State Bank of Baldwin
Baldwinsville . Baldwinsville State Bank
B a tavia ........... B Bank of Batavia
B a t h ................ Farmers and Mechanics Trust
Company
Bayshore . . . . . South Side Bank of Bayshore
Belfast . . . . , . . . B Bank of Belfast
Berlin . . . . . . . . Taconic Valley Bank
Bolivar ........ ..B State Bank of Bolivar
Broadalbin __
Broadalbin Bank
^Brocton . . . . . . .B Bank of Brocton
B ron xville___ Bronxville Trust Company
Camillus ......... Camillus Bank
Canaseraga .. ,B Canaseraga State Bank
Cape V in cen t.. Citizens Bank of Cape Vincent
Castile ............. 8 Bank of Castile
Cattaraugus . . . 8 Bank of Cattaraugus
Chestertown .. Chester-Schroon-Horicon Bank
Chittenango . . State Bank of Chittenango
Churchville . ..B State Bank of Churchville
Cicero ............. Cicero State Bank
Cincinnatus . . . Bank of Cincinnatus
Clarence . . . . . . . B Bank of Clarence
Clyde ............. . Citizens Trust Company
Cobleskill ....... Farmers & Merchants Bank of
Cobleskill
C oh o e s............ Manufacturers Bank of Cohoes
Corfu . . . ____ B Bank of Corfu
C o m in g ........ . Corning Trust Company
C o rn in g .......... North Side State Bank
Cortland . . . . . . Cortland Trust Company
b=

Bank in Buffalo Branch territory.
1 Licensed since issuance of previous list.




N E W Y O R K STATE-^(Continued)
Dansville . . . . . B Citizens Bank & Trust Company
Delevan . . . . . . B Bank of Delevan
D elm a r......... . Bank of Bethlehem
DeRuyter . . . . DeRuyter State Bank
Dobbs F erry.. Dobbs Ferry Bank
D u n d ee ........... Dundee State Bank
East Aurora . . B Erie County Trust Company
East Hampton. Osborne Trust Company
East Syracuse. Bank of East Syracuse
Eden . . . . . . . . . B Bank of Eden
Elba .............. B Bank of Elba
Ellenburg . . . . State Bank of Ellenburg
Ellicottville . . . B Bank of Ellicottville
Elmira . . . . . . . . Bank of Elmira Heights
Evans Mills—
Peoples Bank of Evans Mills
Fayetteville . . . Fayetteville Commercial Bank
Fillmore .........B State Bank of Fillmore
F reep ort......... Freeport Bank
F u lto n ............. Oswego County Trust Company
Glen Cove . . . . Glen Cove Trust Company
Glen Cove ..... Nassau Union Bank
Governeur . . . . Bank of Governeur
G ow anda........B Bank of Gowanda
Great Neck . . . Bank of Great Neck
Great Neck . . . Great Neck Trust Company
Green Island.. Green Island Bank
G roveland___ B Groveland State Bank
H am burg........8 Bank of Hamburgh
Haverstraw ... Peoples Bank of Haverstraw
Hempstead . . . Hempstead Bank
H ilt o n ............. 8 State Bank of Hilton
H o lla n d ..........8 Bank of Holland
H o lle y .............8 State Exchange Bank
Honeoye Falls.8 State Bank of Honeoye Falls
H o r n e ll........... Steuben Trust Company
Hudson ...............Hudson River Trust Company
Huntington ... Bank of Huntington and Trust
Company
Huntington
S ta tio n ........ Huntington Station Bank
Jam estow n__ B Union Trust Company of Jamestown
Johnstown . . . . Johnstown Bank
Johnstown . . . . Peoples Bank of Johnstown
Kenmore . . . . . B Central Bank of Kenmore
Kenmore . . . . . B State Bank of Kenmore
Lake Placid ... Bank of Lake Placid
Larchmont . . . Trust Company of Larchmont
Lawrence ...... The Lawrence-Cedarhurst Bank1
LeRoy . ........ ,.B Bank of LeRoy
Lindenhurst .. Lindenhurst Bank
Little Valley ..B Cattaraugus County Bank
L iverp ool........ Liverpool Bank
L o c k e .............. Citizens Bank of Locke
Lockport ..... . B Lockport Exchange Trust Company
Locust Valley . Matinecock Bank of Locust Valley
L u zern e.......... Luzerne-Hadley Bank
Lyndonville . ..B Citizens State Bank of Lyndonville
M a d r i d . .......... Madrid Bank
M alverne........ Bank o f Malverne
Manlius -----Bank of Manlius
Massena . . . . . . Massena Banking & Trust Company

#

13

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ A) • (0 S O |

N ONM EM BER BANKS— SECOND F ED ERAL RESERVE D ISTRICT
N E W Y O R K STA TE— (Continued)
Medina ........... B Medina T»ust Company
Middletown . . . Orange County Trust Co.
Monroe .......... . Citizens Bank of Monroe
Monticello . . . . Sullivan County Trust Company
N ew fa n e.........B State Bank of Newfane
Newburgh . . . . Columbus Trust Company
New
Hyde P a rk .. Bank of New Hyde Park
New Rochelle . Huguenot Trust Company
New Rochelle . New Rochelle TrustCompany

Borough of
Manhattan

Borough of
Brooklyn
Borough of
Queens
Borough of
The Bronx
Borough of
Richmond

N EW Y O R K STATE— (Continued)
Penn Y a n ....... Citizens Bank of Penn Yan
Philadelphia ... Bank of Philadelphia
Phoenix . . . . . . Phoenix Bank
Port Jefferson. Bank of Port Jefferson
Potsdam ......... Peoples Bank of Potsdam
Poughkeepsie . Poughkeepsie Trust Company
Prattsburgh . . . Prattsburgh State Bank
Randolph . . . . .B State Bank of Randolph
Rensselaer ___ Rensselaer County Bank & Trust
Company
Richmondville
Bank of Richmondville
Riverhead....... Long Island State Bank & Trust
Company
R iverh ea d ___ Suffolk County Trust Company
Rochester ___ B Central Trust Company
Rochester ___ B Genesee Valley Trust Company
Rochester ___ B Rochester Trust and Safe Deposit
Company
R och ester___ B Security Trust Company
R och ester___ ® Union Trust Company
Rockville
C en ter......... Bank of Rockville Center Trust
Company
Rockville
Center ____ _ South Shore Trust Company
R u sh fo rd ........ B State Bank of Rushford
Rushville ....... Rushville State Bank
R y e .......... ..... .. Rye Trust Company
Saugerties . . . . Saugerties Bank
Sayville . . . . . . Community Trust Company
Schenectady . . Citizens Trust Company
Schoharie ___ Schoharie County Bank
S c o tia .......... .... Glen ville Bank
Sea C l i f f ......... State Bank of Sea Cliff
Seneca Falls .. Seneca County Trust Company
Seneca Falls .. State Bank of Seneca Falls
SHortsville ___ State Bank of Shortsville
Skaneateles . . . State Bank of Skaneateles
S n y d e r............B Bank of Snyder
Solvay ............ Solvay Bank
Southold . . . . . . Bank of Southold
Spencer .......... Farmers & Merchants Bank of
Spencer
S pringville___B Farmers Bank of Springville
Suffern ........... Lafayette Trust Company
S y o s s e t........ .
Bank of Syosset
Tonawanda .. .B First Trust Company of Tonawanda
T r o y ................ Troy Trust Company
Victor ............. State Bank of Victor
W a rsa w ..........B Trust Company of W yom ing County
Waterford . . . . Bank of Waterford
Watkins Glen.. Watkins State Bank
Wellsville . . . . .B First Trust Company
W est Hampton
Beach ......... Seaside Bank
Williamson . . . State Bank of Williamson
Williamsville . B Bank of Williamsville
W o rce ste r___ Bank of Worcester

New York City
Anglo South American Trust Co.
Banca Commerciale Italiana Trust
Co.
Banco Di Napoli Trust Company
Bank of Athens Trust Co.
Bank of Sicily Trust Company
City Bank Farmers Trust Company
Corporation Trust Company
Empire Trust Company
Equitable Trust Company
Fiduciary Trust Company
Hellenic Bank Trust Company
Hias Immigrant Bank
Lawyers Trust Company
Pennsylvania Exchange Bank
Title Guarantee & Trust Company
Trust Company of North America
Underwriters Trust Company
Citizens Bank, Brooklyn
Kings County Trust Company
Boulevard Bank, Forest Hills
Bronx County Trust Company
South Shore Bank of Staten Island,
Great Kills
W est New Brighton Bank of
Richmond

N E W Y O R K STA TE — (Continued)
Northport . . . . Northport Trust Company
North
Tonawanda .B State Trust Company
N orthville....... Northville Bank
Norwood . . . . . . State Bank of Norwood
O ak field........ >.B Exchange Bank
Ontario . . — . State Bank of Ontario
Ossining ........ Ossining Trust Company
Oyster Bay . . . North Shore Bank Trust Company
Oyster Bay . , . Oyster Bay Trust Company
P alm yra___ ,. ., Wayne County Trust Company
P arish ..........
State Bank of Parish
P atchogue___ Patchogue Citizens Bank and
Trust Company
P a v ilio n ..........B Pavilion State Bank
Penn Y a n . . . . . Baldwin’s Bank of Penn Yan
b

= Bank in Buffalo Branch territory.




14

Keproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

p A ).

(050)

SAVINGS BANKS— SECOND FEDERAL RESERVE DISTRICT

SAVINGS BANKS
N EW Y O R K STA TE— (Continued)
Brewster ........ Putnam County Savings Bank
Buffalo ...........B Buffalo Savings Bank
Buffalo ...........B Erie County Savings Bank
Buffalo ........... B The Western Savings Bank
Catskill ........... Catskill Savings Bank
C o h o e s ............ Cohoes Savings Bank
Cohoes ,............ Mechanics’ Savings Bank
Cornwall-onthe-Hudson . The Cornwall Savings Bank
C ortlan d ......... Cortland Savings Bank
Dobbs F erry ... The Greenburg Savings Bank
Ellenville ....... Ellenville Savings Bank
Elmira ............ The Elmira Savings Bank
Fishkill . . . . . . . Fishkill Savings Institute
F u lton ............. Fulton Savings Bank
G eneva............ Geneva Savings Bank
G osh en ...........
Goshen Savings Bank
H u d son ........... Hudson City Savings Institution
Ithaca .............. Ithaca Savings Bank
K in g s to n ........ Kingston Savings Bank
Kingston . . . . . Rondout Savings Bank
K in g sto n ........ Ulster County Savings Institution
Lockport . . — b Farmers and Mechanics’ Savings
Bank of the City of Lockport
Mamaroneck .. The Union Savings Bank of
Westchester County
Middletown ... Middletown Savings Bank
Mount Vernon. Eastchester Savings Bank
Newburgh . . . . Newburgh Savings Bank
New Paltz . . . . New Paltz Savings Bank
New Rochelle.. People’s Bank for Savings of
New Rochelle, N. Y.

CONNECTICUT
Bridgeport —
Bridgeport-Peoples Savings Bank
Bridgeport . . . . City Savings Bank
Bridgeport . . .. Mechanics & Farmers Savings Bank
Danbury . . . . . . Savings Bank of Danbury
Danbury ........ ...Union Savings Bank
New Canaan.. New Canaan Savings Bank
Newtown ....... ...Newtown Savings Bank
Norwalk ............ Fairfield County Savings Bank
Norwalk ............ Norwalk Savings Society
Ridgefield ___ __Ridgefield Savings Bank
South Norwalk South Norwalk Savings Bank
Southport ___ __Southport Savings Bank
S tam ford ........... Citizens Savings Bank
Stamford __ ____Stamford Savings Bank
N E W JERSEY
B loom field___ _Bloomfield Savings Institution
E lizabeth........... Germania Mutual Savings
Association
E lizabeth........... Mutual Savings Fund Harmonia
E lizabeth........ ... Union County Savings Bank
Hoboken ........ ... Hoboken Bank for Savings
Jersey City . . . Fifth Ward Savings Bank
Jersey City . . . Hudson City Savings Bank
Jersey City . . . Provident Institution for Savings
M o n tcla ir....... ...Montclair Savings Bank
Morristown . . . Morris County Savings Bank
New Brunswick New Brunswick Savings Institution
N ew ark........... ... Dime Savings Institution
N ew ark........... ... Franklin Savings Institution
N ew ark........... ... Howard Savings Institution
N ew ark........... ... United States Savings Bank
O ra n g e............... Orange Savings Bank
Orange . . . ___ __Half Dime Savings Bank
Paterson_____ __Paterson Savings Institution
Perth Am boy.. Perth Amboy Savings Institution
Plainfield...........Plainfield Savings Bank
R a h w a y ............. Rahway Savings Institution
, R aritan ........... ... Raritan Savings Bank
Som erville___ __Somerville Savings Bank

N E W Y O R K CITY
Borough of the Bronx
Bronx Savings Bank, The, New York
Dollar Savings Bank, New York
North Side Savings Bank, New York
Borough of Brooklyn
Bay Ridge Savings Bank, Brooklyn
Brevoort Savings Bank, Brooklyn
Brooklyn Savings Bank
Bush wick Savings Bank, The, Brooklyn
City Savings Bank of Brooklyn, The
Dime Savings Bank of Brooklyn, The
Dime Savings Bank of Williamsburgh, The, Brooklyn
East Brooklyn Savings Bank, Brooklyn
East New York Savings Bank, Brooklyn
Flatbush Savings Bank, Brooklyn
Fulton Savings Bank, Kings County, Brooklyn
Greater New York Savings Bank, The, Brooklyn
Green Point Savings Bank, The, Brooklyn
Hamburg Savings Bank, Brooklyn
Kings County Savings Bank, The, Brooklyn
Kings Highway Savings Bank, Brooklyn
Lincoln Savings Bank of Brooklyn, The
Prudential Savings Bank, Brooklyn

N EW Y O R K STATE
A lb a n y ............... Albany County Savings Bank
A lb a n y ............... Albany Exchange Savings Bank
Albany . . . . . . . Albany Savings Bank
A lb a n y ............... City Savings Bank of Albany
A lb a n y .............. Home Savings Bank of the City of
Albany
A lb a n y ............... The Mechanics’ and Farmers’
Savings Bank
A lb a n y ............... The National Savings Bank of the
City of Albany
Amsterdam . . . Amsterdam Savings Bank
Auburn .............Auburn Savings Bank
Auburn .............Cayuga County Savings Bank
B e a co n ...............Matteawan Savings Bank
B e a co n ............... The Mechanics’ Savings Bank
Binghamton .. Binghamton Savings Bank
B = Bank in Buffalo Branch territory.




15

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

^

(050)

SAVINGS BANKS— SECOND FED ERAL RESERVE D ISTRICT
Borough of Brooklyn— (Continued)
Roosevelt Savings Bank of the City of New York,
Brooklyn
South Brooklyn Savings Bank, Brooklyn
Williamsburgh Savings Bank, Brooklyn

N EW Y O R K STATE— (Continued)
Niagara Falls..0 Niagara County Savings Bank
Ogdensburg ... St. Lawrence County Savings Bank
O n e id a ............ Oneida Savings Bank
O ssin in g......... The Bank for Savings of Ossining
Oswego .......... Oswego City Savings Bank
Oswego . . . . . . . Oswego County Savings Bank
Patchogue . . . . The Union Savings Bank of
Patchogue
P a w lin g .......... Pawling Savings Bank
P eekskill......... Peekskill Savings Bank
Port Chester... The Port Chester Savings Bank
Poughkeepsie . The Poughkeepsie Savings Bank
Rhinebeck . . . . Rhinebeck Savings Bank
Riverhead . . . . Riverhead Savings Bank
R och ester....... B The East Side Savings Bank of
Rochester
R och ester....... B Mechanics’ Savings Bank
R och ester....... B Monroe County Savings Bank
R och ester....... B Rochester Savings Bank
R o m e ............... The Oneida County Savings Bank
R o m e ............... The Rome Savings Bank
Roslyn ............ Roslyn Savings Bank of Roslyn
Sag Harbor . . . Sag Harbor Savings Bank
Saugerties___ Saugerties Savings Bank
Schenectady .. Schenectady Savings Bank
Seneca Falls .. The Seneca Falls Savings Bank
Skaneateles . . . Skaneateles Savings Bank
S ou th old......... The Southold Savings Bank
Syracuse ......... Onandago County Savings Bank
S yracuse......... Syracuse Savings Bank
Tarrytown . ... Westchester County Savings Bank
Troy ___ ____
Troy Savings Bank
Utica ----- ------ The Savings Bank of Utica
Walden . . . . 1... Walden Savings Bank
Wappinger
Falls . ......... Wappinger Savings Bank
W a r w ic k ........ The Warwick Savings Bank
Watertown . . . Jefferson County Savings Bank
Watertown . . . Watertown Savings Bank
White Plains.. The Home Savings Bank
Y on k ers .......... People’s Savings Bank of
Yonkers, N. Y.
Y o n k e rs .......... Yonkers Savings Bank

Borough of Manhattan
American Savings Bank, New York
Bank for Savings in the City of New York, The
Bowery Savings Bank, The, New York
Broadway Savings Bank, New York
Central Savings Bank in the City of New York
Citizens Savings Bank, New York
Dry Dock Savings Institution, New York
East River Savings Bank, The, New York
Emigrant Industrial “Savings Bank, New York
Empire City Savings Bank, New York
Excelsior Savings Bank, New York
Franklin Savings Bank in the City of New York, The
Greenwich Savings Bank, The, New York
Harlerii,Savings Bank, New York
Irving Savings Bank, The, New York
Manhattan Savings Institution, The, New York
Metropolitan Savings Bank, New York
New York Savings Bank, New York
North River Savings Bank, New York
Seamen’s Bank for Savings in the City of New York
Union Dime Savings Bank, New York
Union Square Savings Bank, New York
West Side Savings Bank, New York
Borough of Queens
College Point Savings Bank
Flushing Savings Bank
Jamaica Savings Bank
Long Island City Savings Bank
Queensboro Savings Bank, Jamaica
Queens County Savings Bank, The, Flushing
Ridgewood Savings Bank
Rockaway Savings Bank, Far Rockaway
Savings Bank of Central Queens, Jamaica
Savings Bank of Richmond Hill
Borough of Richmond
Richmond County Savings Bank, W est New Brighton
Staten Island Savings Bank, Stapleton
b

= Bank in Buffalo Branch territory.




16

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

a. 10501

P R IV A T E BANKERS and M ISCELLANEOUS BANKING COMPANIES

PRIVATE BANKERS
Bridgeport .. .
Bridgeport . . . .

CONNECTICUT
T. L. Watson and Company
James Staples and Company

B ayon n e.........
B a yon n e....... .
N ew ark ...........
Paterson .........

N E W JERSEY
Herman Klein
Jerome G. Stabile
D ’Auria Salvatore & Sons Bank
Linares and Rescigno

N EW Y O R K STATE— (Continued)
Naples ............ Maxfield, Dennison H., et al (The
Hiram Maxfield Bank)
Naples ............ Granby, J. W ., et al
(Geo. R. Granby & Son)
New York City R. H. Macy & Co.
Enrico Viggiani
J. Lehrenkrauss & Co.
North Java .. .B Humphrey, W . J., et al (North Java
Co.)
Nunda ............B De Puy, F. J., et al (Peter De Puys
Banking House)
Ogdensburg .
Frank’s Sons, Nathan
Port Chester... Kavovitz, A. H. & L.
Poughkeepsie . Bartolo Barone
R ochester....... B Sconfietti & Gioia

N E W Y O R K STA TE
A lb a n y ............ Germano P. Baccelli
A u bu rn ............ Seward, Wm. H. & Co.
Crown Point.. Wyman, J. W ., et al
Dalton ............B Moses, Grant E., et al

MISCELLANEOUS BANKING COMPANIES
N E W YO RK STA TE
A lb a n y ............ Guaranty Company of New York
A lb a n y ............ Morris Plan Co. of Albany
Binghamton . . Morris Plan Co. of Binghamton
Buffalo ........... B Buffalo Morris Plan Industrial
Banking Co.
Buffalo ........... Q Commercial Investment Trust Ltd.

Borough of
Brooklyn . ..

Borough of
Manhattan

Borough of
Manhattan

New York City
Food Dealers Industrial Banking
Corporation
Montrose Investment & Loan Corp.
The Thrift
United Loan Corporation
Bankers Commercial Security
Co., Inc.
Commercial Credit Corp.
Commercial Investment Trust, Inc.
Credit Utility Company, Inc.
Discount Corp. of New York
Electric Appliance Finance Corp.
French American Banking Corp.
General Motors Acceptance Corp.
Goldwyn Loan & Investment Corp.
Gotham Industrial Banking Corp.
Guaranty Company of New York

N EW Y O R K STATE— (Continued)
Niagara Falls .B Manufacturers & Employees
Mortgage Co.
Rochester .... ,B Morris Plan Co. of Rochester
Schenectady .. Morris Plan Co. of Schenectady
Syracuse......... Morris Plan Co. of Syracuse
Troy . . . . . . . . . Troy Prudential Association, Inc.
Utica ............... Morris Plan Co. of Utica

B = In Buffalo Branch territory.




New York City (Continued)
Heating & Plumbing Finance Corp.
Mack Acceptance Corp.
Manufacturers Finance Corp.
Merchants & Manufacturers
Securities Corp.
Morris Plan Co. of New York
National Credit Corp.
Neighborhood Loan & Investment
Co.
People’s Loan & Investment Co.
Royal Loan & Investment Corp.
J. Henry Schroder Banking Corp.
State Banking Company
Textile Banking Co., Inc.
Union Banking Corp.
Universal Credit Corp.

17

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

Authority f . d .

10501

AGENCIES OF FOREIGN BANKS, ETC.

AGENCIES OF FOREIGN BANKS AND OF BANKING COMPANIES
INCORPORATED OUTSIDE OF NEW YORK STATE
N E W Y O RK CITY
American Express Co., Inc.
Anglo South American Bank Ltd.
Banca Commerciale Italiana
Banco Di Napoli, No. 1
Banco Di Roma
Banco Nacional De Mexico
Bank of Chosen
Bank of London & South America Ltd.
Bank of Montreal
Bank of Nova Scotia
Bank of Taiwan
Banque Beige Pour L ’Etranger
Barclays Bank (Dominion, Colonial & Overseas)
Canadian Bank of Commerce
Chartered Bank of India, Australia & China




Thomas Cook & Son (Bankers) Limited
Credito Italiano
The Dominion Bank, Canada
First of Boston International Corporation
Hong Kong & Shanghai Banking Corp.
International Banking Corp.
Mercantile Bank of India Ltd.
Mitsubishi Bank Ltd.
Mitsui Bank Ltd.
Philippine National Bank
Royal Bank of Canada
Shawmut Corporation of Boston
Standard Bank of South Africa
Sumitomo Bank Ltd.
Yokohoma Specie Bank Ltd.

IS

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

^

AX

10501

R£C’D IN FUM SECTIOl
JAN 1 7 1950

V70. -CM

FEDERAL RESERVE BANK
OF NEW YORK

t

Circular No. 1230, Mi)r 1?i HW "I
Supplement to Circular No. 1194, I
as supplemented.
-I

To all Banking Institutions in the
Second Federal Reserve District:

Supplementing information given in our circulars Nos. 1194, 1198, 1201, 1203, 1208,
1212, 1217, 1223, and 1228, the following changes should be made in the list of banking
institutions in the Second Federal Reserve District which have been licensed to resume
full banking operations:

MEMBER BANKS
NEW YORK STATE
Addition

Vernon................... The National Bank of Vernon

NONMEMBER BANKS
NEW YORK STATE
Withdrawal

Yonkers...............* Westchester Trust Company

NEW MEMBER BANKS
The following State banking institutions, previously licensed to resume full banking
operations by the Superintendent of Banks of the State of New York, have been admitted
to membership in the Federal Reserve System:
NEW YORK STATE
Garden City........... Garden City Bank and Trust Company i f
Salamanca........... B Salamanca Trust Company
G eorge L . H a r r is o n ,

Governor.
*

Previously licensed to resume full operations. License suspended May 15, 1933 by New York State
Banking Department.

B=Bank in Buffalo Branch territory.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

_jpa .

10501

JAN 1 7 1950 &
FEDERAL RESERVE BANK

¥ - 7 0 '

OF NEW YORK

[

Circular No. 1228, M ay 10. 1931
Supplement to Circular No. L194,
as supplemented.

To all Banking Institutions in the
Second Federal Reserve District:

Supplementing information given in our circulars Nos. 1194, 1198, 1201, 1203, 1208,
1212, 1217, and 1223, the following additions should be made to the list of banking
institutions in the Second Federal Reserve District which have been licensed to resume
full banking operations:

MEMBER BANKS
NEW YORK STATE
Clifton Springs........ The Ontario National Bank of Clifton Springs
Heuvelton................ The First National Bank of Heuvelton
Jeffersonville........... The First National Bank of Jeffersonville
Newark Valley......... The First National Bank of Newark Valley
Port Leyden............. The Port Leyden National Bank
Ticonderoga............. The Ticonderoga National Bank

NEW MEMBER BANK
The following State banking institution, previously licensed to resume full banking
operations by the Superintendent of Banks of the State of New York, has been admitted
to membership in the Federal Reserve System:
NEW YORK STATE
Millbrook..................Bank of Millbrook
G eorge L . H arrison ,

Governor.

3 o f./ / S )



.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

fcx). 10501

REC’DINFILES---- *"
JAN 1 8

FEDERAL RESERVE BANK
OF NEW YORK

z Z '.

Circular No. 1224 *1
May 4, 1933 J

Receipt of Gold by Banks

To All Member Banks in the Second Federal Reserve District:
F o r you r inform ation and guidance, we quote the follow in g telegram received
today fro m the T reasury D epartm ent:
“ Federal Reserve Banks, branches, and member banks should continue to receive
gold delivered in accordance with Executive Order April 5 but should keep record of
name and address of person delivering gold.”
The Executive O rder o f A p ril 5, referred to in this telegram , was quoted in our
C ircular No. 1204, dated A p r il




6

, 1933.
G eorge

L.

H

a r r is o n ,

Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

p d . (0501

BEC’DINnjLBSSECTION
JAN 1 7 1951
FEDERAL RESERVE BANK
OF NEW YORK

Circular No. 1223, May 3. 1933 "1
Supplement to Circular No. 1194, I
as supplemented.
J

[
To all Banking Institutions in the
Second Federal Reserve District:

Supplementing information given in our circulars Nos. 1194, 1198, 1201, 1203, 1208,
1212 and 1217, the following additions should be made to the list o f banking institu­
tions in the Second Federal Reserve District which have been licensed to resume full
banking operations:

MEMBER BANKS
CONNECTICUT
D anbury................... The Danbury National Bank
N EW JERSEY
Bloom sbury............. The Citizens National Bank o f Bloomsbury
Keansburg............... The Keansburg National Bank

NONMEMBER BANKS
N EW JERSEY
Asbury P ark ........* Asbury Park and Ocean Grove Bank
Ocean Grove......... * Asbury Park and Ocean Grove Bank
(branch, head office Asbury Park)

G eorge L . H a r r is o n ,

Governor.

* Reopening of bank which suspended business December 24, 19-31.




y'

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

pd.

10501

REC’Dmnisi SECTION
JAN 1 8 1950
FEDERAL RESERVE BANK
OF NEW YORK

r Circular No. 1220 "1
L
May 1, 1933
J

Regulations Issued by the Secretary o f the Treasury
Relating to
Licensing the Purchase and Export o f G old

To all Banking Institutions in the
Second Federal Reserve District:

F or your information we transmit herewith copy of regulations
issued by the Secretary of the Treasury on April 29, 1933 relating to
licensing the purchase and export o f gold. Section 4 o f Article II o f these
regulations revokes Emergency Banking Regulation No. 25, which was
quoted in our circular No. 1182 dated March 13, 1933.
Forms fo r filing applications under Articles II, III and V o f the
regulations may be obtained from the Federal Reserve Bank o f New York.




G eorge L . H a r r is o n ,
Governor.

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

^ <0»

(0

SOj

REGULATIONS RELATING TO LICENSING THE PURCHASE
AND EXPORT OF GOLD

T reasury D epartm ent,
O F F IC E O F TH E S E C R E T A R Y ,

April 29, 1933.
ARTICLE

I

M ISCELLAN EOU S PROVISIONS

Sec. 1. Authority for Regulations. In pursuance o f the provisions o f section 5 (b ) o f the Act
o f October 6 , 1917, as amended by section 2 o f the A ct o f March 9,1933, and the Executive Orders
o f the President dated March 10, 1933, April 5, 1933, and April 20, 1933, these regulations are
prescribed.
Sec. 2 . Definitions. For the purposes o f these regulations, the term “ person” means an in­
dividual, partnership, association or corporation; and the term “ United States” means the contin­
ental United States, including Alaska.
Sec. 3. Licenses Non-Transferable. Licenses or permits issued or granted under these regula­
tions shall not be transferred.
Sec. 4. Scope. These regulations shall be operative within the United States as defined, unless
otherwise indicated.
Sec. 5. Penalties. Whoever willfully violates any provision o f these regulations or o f any
license issued hereunder may be fined not more than $ 1 0 ,0 0 0 , or, if a natural person, may be im­
prisoned fo r not more than ten years, or b oth ; and any officer, director or agent o f any corpora­
tion who knowingly participates in any such violation may be punished by a like fine, imprisonment,
or both.
ARTICLE II
PU R CH A SE OF GOLD FOR USE IN IN D U ST R Y ,
PRO FESSION OR A R T

Sec. 1. Eligible Applicants. Any person having a legitimate and customary use fo r gold in
industry, profession or art (including research and scientific w ork ), or any person customarily
supplying gold to others fo r such use (hereinafter called a “ dealer” ), may file with a Federal
reserve bank an application to purchase such quantity o f gold as may be required fo r legitimate
and customary use within a reasonable time.
Sec. 2. Applications. Such application shall be filed in duplicate, executed under oath and
verified before an officer duly authorized to administer oaths, and shall contain (a) the name and
address o f the applicant, (b ) the industry, profession or art Or business in which the applicant is
engaged, (c) the amount o f gold usually required fo r use in the applicant’s business fo r a period of
90 days, (d ) the amount o f gold used or sold during the preceding calendar year, (e) the amount
and a description o f all gold on hand at the date o f the application, ( f ) the amount o f gold applied
for, (g ) a statement that the applicant will use such gold as he may be permitted to purchase only
fo r the legitimate and customary requirements o f industry, profession or art, or fo r sale exclu­
sively in industry, profession, or art, and (h ) a statement that no other application is pending.
Sec. 3. Purchase of Gold. Upon receipt o f the application and after making such investiga­
tion o f the case as it may deem advisable, the Federal reserve bank, if satisfied that the gold is
necessary fo r the legitimate and customary requirements o f the applicant’ s business, industry, pro­
fession or art, within a reasonable time, may permit the applicant to purchase such quantity o f
gold (not in excess o f the amount applied fo r ) as may be necessary fo r such use upon payment
therefor o f an equivalent amount o f coin or currency coined or issued under the laws o f the United
States. The applicant shall keep an exact record o f the disposition of such gold, and, in the case
o f a dealer furnishing gold for use in industry, profession or art, such dealer shall keep a record
which shall show the amounts and dates o f sales and the names and addresses o f the purchasers.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

____________________________.

DECLASSIFIED
Authority

^ . 0 . < 0 501

Such records shall be available fo r examination by a representative o f the Treasury Department
fo r at least one year after the date o f the disposition o f the gold. The gold so purchased shall be
used or disposed o f only in accordance with this Article and the Executive Order o f April 5, 1933.
Dealers withdrawing gold under this Article shall require o f the persons who purchase gold from
them an affidavit that the gold so purchased will be used exclusively in the industry, profession,
or art in which such purchasers are engaged.
Sec. 4. Prior Regulation Revoked. Emergency Banking Regulation No. 25, issued March 13,
1933, is hereby revoked.
ARTICLE III
E XPO R T OF GOLD COIN OR GOLD BULLION

Sec. 1. License Required. No gold coin, gold bullion or gold certificates shall be exported from
the United States or any place subject to the jurisdiction thereof, or earmarked fo r foreign account
unless a license therefor shall first have been obtained from the Secretary o f the Treasury in accord­
ance with this Article or Article IV o f these regulations. Licenses may be issued, in the discretion
o f the Secretary, authorizing the export o f gold coin and gold bullion:
(a) earmarked or held in trust fo r a recognized foreign government or foreign central
bank or the Bank fo r International Settlements;
(b ) imported fo r reexport; *
(c) actually required for the fulfilment o f any contract calling fo r payment or delivery
o f gold coin or bullion, entered into prior to April 20, 1933, by an applicant who in obedience
to the Executive Order o f April 5, 1933, has delivered gold coin, gold bullion or gold certificates
in accordance with such ord er; or
(d) with the approval o f the President, for transactions which he may deem necessary to
promote the public interest.
Sec. 2. Application for Licenses. Application fo r license under Section 1 to export from the
United States or any place subject to the jurisdiction thereof any gold coin or gold bullion shall be
made to the Secretary o f the Treasury. Each such application shall be executed in duplicate under
oath and verified before an officer duly authorized to administer oaths, and shall state in detail (a)
the name and address o f the applicant, (b ) the name and address o f the owner of the gold to be
exported, (c) the amount and a description o f gold coin or gold bullion and the location thereof,
(d ) the port from which export will be made, (e) the name and address o f the consignee, and (f )
the nature o f the transaction and the facts making necessary the export. In the case o f an applica­
tion fo r a license under section 1 (c) o f this Article, the application, in addition to the above, shall
state in detail, ( 1 ) the amount respectively o f the gold coin, gold bullion or gold certificates delivered
in obedience to the Executive Order o f April 5, 1933, and the date and place o f such delivery,
and ( 2 ) the amount o f gold coin or gold bullion actually required fo r the fulfilment o f the con­
tract. A certified copy o f the contract or obligation shall accompany the application.
Sec. 3. Filing of Application. The application shall be filed with a Federal reserve bank, and
such bank, after making such investigation o f the case as it may deem necessary, shall transmit the
original o f such application to the Secretary o f the Treasury, together with (a ) such supplemental
information as it may deem appropriate and (b ) a recommendation as to whether the license should
be granted or denied. A copy o f the application shall be retained by the Federal reserve bank fo r
its records.
Sec. 4. Issuance of License. I f the Secretary o f the Treasury in his discretion determines to
grant a license upon an application filed under Sec. 3, he will authorize the Federal reserve bank
through which the application was transmitted to issue on his behalf a license to export a specified
amount o f gold coin or gold bullion, and such bank shall thereupon issue such license to the appli­
cant. I f the license applied fo r is not granted, the bank through which the application was trans­
mitted will be advised and such bank shall thereupon so notify the applicant.
Sec. 5. License. Each license fo r the export o f gold coin or bullion shall be numbered serially
and shall bear (a ) the date o f issue, (b ) the name and address o f the licensee, (c ) the name and
address o f the consignee, (d) the amount and description o f the gold licensed, (e) the port o f
export, and ( f ) a statement “ This license shall expire 15 days from date o f issue.”
* N ote :— Export of gold by refiners importing gold-bearing materials is covered by Article IV of these regulations.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p d .

10501

Sec. 6 . Notification of Issuance of License. A t the time the license is issued, the issuing
Federal reserve bank shall transmit a copy thereof to the Collector o f Customs at the port of
export designated thereon. No collector o f Customs shall permit the export o f any gold coin or
bullion under this Article except upon surrender of a license to export, a copy o f which has been
received by him from the Federal reserve bank issuing such license.
Sec. 7. Expiration of License. All licenses to export goldj coin or bullion issued under this
Article shall expire fifteen days after date of issue and any person holding a license who fails to
export gold coin or bullion in accordance with the terms of the license shall forthwith deliver such
gold coin or bullion to a Federal reserve bank.
ARTICLE IV
IM PORT FOR SM ELTING A N D /O R R E F IN IN G A N D E XP O R T

Sec. 1. Notation upon Entry. Upon the form al entry into the United States o f gold-bearing
ores, or any other gold-bearing materials imported into the United States fo r smelting an d/or
refining under an agreement providing fo r the export o f gold bullion, the importer shall notify
the Collector o f Customs at the port where the gold-bearing ore or material is form ally entered
that the importation is made under such agreement. The Collector shall make a notation on the
entry to this effect and forw ard a copy o f the entry to the United States Assay Office at New York,
New York, or to the United States Mint at San Francisco, California, whichever is designated
by the importer.
Sec. 2 . Sampling and Assaying. Promptly upon the receipt o f each importation o f gold-bear­
ing ore or material at the plant where it is first to be treated, it shall be weighed, sampled and
assayed fo r gold content. A reserve commercial sample shall be retained at such plant fo r at least
one year from the date the importation was received by the plant unless the assay is sooner veri­
fied by the Treasury Department.
Sec. 3. Plant Records. The importer shall cause an exact record, covering each importation,
to be kept at the plant o f first treatment. The record shall show the gross wet weight o f the im­
portation, the weight o f containers, if any, the net wet weight, the percentage and weight o f
moisture, the net dry weight, the gold content shown by the settlement assay, and the amount o f
gold bullion required to be exported under the agreement. An attested copy o f such record shall
be filed promptly with the Assay Office or the Mint, whichever has been designated to receive a
copy o f the entry.
Sec. 4. Application for Export License. Not later than fifteen days from the date of entry, the
importer shall file an application with the Assay Office or the Mint, whichever has been desig­
nated to receive a copy o f the entry, fo r a license to export gold bullion not in excess o f the
amount shown by the Settlement Sheet covering the importation. Such application shall be filed
in duplicate, executed under oath and verified before an officer duly authorized to administer oaths,
and shall show (a) the name and address o f the applicant, (b ) the port at which the importation
was form ally entered, (c ) the entry number, (d) the date o f entry, (e) the plant at which the
importation was first treated, ( f ) the gross wet weight, (g ) the weight o f the containers, if any,
(h) the net wet weight, (i) the percentage and weight o f moisture, ( j) the net dry weight, (k)
the gold content, ( 1 ) the amount o f gold bullion required to be exported under the agreement, and
(m ) the name and address o f the proposed consignee o f the exportation. The application shall be
accompanied by two duly attested copies o f the Settlement Sheet.
Sec. 5. Issuance of Serial Numbered Certificate. I f the Superintendent o f the Assay Office or
o f the Mint is satisfied as to the accuracy o f the data shown on such application, he shall issue to
the importer a dated Serial Numbered Certificate which shall show the amount of gold specified
by the application and the amount specified by the Settlement Sheet. The Director o f the Mint
shall prescribe the form o f such certificate.
Sec. 6 . Issuance of Export License. Upon delivery to the Assay Office or the Mint, within
120 days from the date it was issued, o f the Serial Numbered Certificate the Superintendent o f the
Assay Office or Mint shall issue to the importer a license to export gold bullion in the amount
applied fo r but not in excess o f the amount specified by the Settlement Sheet as shown on such
certificate.
Sec. 7. Licenses. Each license fo r the export o f gold bullion under this Article shall be num­
bered serially and shall bear (a ) the date o f issue, (b ) the name and address o f the licensee, (c)
the name and address o f the consignee, (d ) the amount and description o f the gold licensed, (e) the
port o f export, and ( f ) a statement “ This license shall expire 15 days from date o f issue.”




Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

px).

(0501

Sec. 8 ; Notification of Issuance of License. A t the time the license is issued, the issuing assay
office or mint shall transmit a copy thereof to the Collector o f Customs at the port o f export
designated thereon. No Collector o f Customs shall permit the export of any gold bullion under
this article except upon surrender o f a license to export, a copy o f which has been received by him
from the assay office or mint issuing the license.
Sec. 9. Expiration of License. All licenses to export gold bullion issued under this article
shall expire 15 days after date o f issue and any person holding a license who fails to export the
gold bullion in accordance with the terms o f the license shall forthwith deliver such bullion to a
Federal reserve bank.
ARTICLE V
ACQ U ISITION OR R E T E N TIO N OF GOLD COIN, GOLD BULLION OR GOLD
C E R TIFIC A T E S FOR PRO PER T R A N SA CTIO N S NOT IN VO LV IN G HOARDING

Sec. 1. Licenses for Proper Transactions and for Purposes not Covered in Preceding Articles.
Any person showing the need fo r gold coin or gold bullion fo r a proper transaction not involving
hoarding or fo r gold coin or gold bullion fo r a purpose specified in the Executive Order o f April 5,
1933, and not covered by the foregoing Articles o f these Regulations, may make application to
ther Secretary o f the Treasury fo r a license to purchase, or if such coin or bullion is already in his
possession, to retain such coin or bullion, in amounts as may be reasonably necessary fo r such
proper transaction or purpose. Applications shall be filed with any Federal reserve bank. The
application shall be filed in duplicate, executed under oath and verified before an officer duly au­
thorized to administer oaths and shall contain (a) the name and address o f the applicant, (b ) the
amount o f gold coin or gold bullion desired to be purchased or retained, (c) the amount and de­
scription o f the gold coin or bullion on hand, if any, at the date o f the application, (d) the proper
transaction or purpose to which the gold coin or gold bullion will be devoted and the facts making
necessary its purchase or retention, (e) such other facts as will enable the Secretary o f the Treasury
to determine whether the transaction is proper, and ( f ) a statement that the applicant will use such
gold coin or gold bullion as he may be permitted to purchase or retain only fo r the transaction or
purpose set forth in the application. In the case o f an applicant fo r a license who has delivered in
obedience to the Executive Order o f April 5, 1933, gold coin, gold bullion or gold certificates,
the application, in addition to the above, shall state in detail ( 1 ) the amount of gold coin, gold
bullion or gold certificates delivered in obedience to the Executive Order o f April 5, 1933, (2 ) the
date o f such delivery, and (3 ) the bank at which delivered.
Sec. 2 . Disposition of Applications. On the receipt o f any such application, the Federal
reserve bank shall make such investigation o f the case as it may deem advisable and shall trans­
mit to the Secretary o f the Treasury the original o f such application, together with (a ) any sup­
plemental information it may deem appropriate and (b ) a recommendation whether a license
should be granted or denied. The Federal reserve bank shall retain a copy of the application fo r
its records.
Sec. 3. Granting or Denial of the License. Upon receipt o f the original application and the
recommendation o f the Federal reserve bank transmitting it, the Secretary o f the Treasury will
grant or deny the license. A license will be granted on application for the retention or acquisition
o f gold coin or bullion made by any person showing the need fo r such gold coin or bullion in
accordance with the provisions o f section 8 o f the Executive Order o f April 5, 1933, in cases where
such person has gold coin, gold bullion or gold certificates in his possession, or in obedience to said
Executive Order, has delivered such coin, bullion or certificates. A license so granted shall be fo r
an amount o f gold coin or bullion not exceeding the amount o f such coin, bullion or certificates held
or delivered. When the issuance o f a license is approved by the Secretary o f the Treasury the Fed­
eral reserve bank through which application was made, will issue a license to the applicant. If
denied, the Federal reserve bank will be so advised and shall immediately notify the applicant. The
decision o f the Secretary o f the Treasury shall be final. The Federal reserve bank shall note upon
the retained copy o f the application whether or not a license has been granted, and, if granted,
the date o f the license and the amount o f the gold coin or gold bullion covered thereby.
Sec. 4. Acquisition of Gold. Upon presentation o f a license fo r the acquisition o f gold coin
or bullion to a Federal reserve bank, such bank shall deliver to the licensee the amount o f gold
coin or gold bullion authorized in such license upon payment therefor in an equivalent amount o f
any form o f coin or currency coined or issued under the laws o f the United States.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

px). (0501

Sec. 5. Reports Required on the Disposition of Gold Coin or Bullion. Any person holding a
license fo r the retention or acquisition o f gold coin or bullion issued under this Article, who shall
at any time dispose o f such gold coin or bullion in accordance with the terms o f the license or
otherwise, shall immediately file a written report in duplicate with the Federal reserve bank through
which the license was issued. Such report shall be executed under oath and verified before an
officer duly authorized to administer oaths and shall contain (a) the names and addresses o f the
person or persons to whom such gold coin or bullion was delivered, (b ) the amounts thereof and
whether gold coin or gold bullion and (c) the reason fo r such delivery. On the receipt o f any such
report, the Federal reserve bank receiving it shall immediately transmit the original to the Sec­
retary o f the Treasury in Washington and shall retain a copy fo r its records. Upon the transfer
o f any gold coin or bullion by a person licensed to retain or acquire the same, such licensee shall
advise the transferee o f the provisions o f the Executive Order o f April 5,1933, and of the penalties
fo r its violation, and such transferee shall deliver such gold coin or bullion so received to a Federal
reserve bank or branch or agent thereof or any member bank of the Federal Reserve System in
accordance with the Executive Order o f April 5, 1933, and shall be subject to the penalties o f said
Executive Order fo r any violation thereof.

These regulations may be supplemented, modified or revoked at any time.




W. H. WOODIN

Secretary of the Treasury.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ . 0 .

10501

REC’D OllIfiBB SECTION
JAN 1 7 1950
Ay

FEDERAL RESERVE BANK

7 0 ,

-

OF NEW YORK

Circular No. 1217, April 26, 1933 1
Supplement to Circulai Mo. llMjr"!
as supplemented.
J

To all Banking Institutions in the
Second Federal Reserve District:

Supplementing information given in our circulars Nos. 1194, 1198, 1201, 1203, 1208
and

1 2

1 2

, the following additions should be made to the list o f banking institutions in the

Second Federal Reserve District which have been licensed to resume full banking
operations:

MEMBER BANKS
N EW YO RK STATE
Clyde............................ The Briggs National Bank & Trust Company o f Clyde
Islip.............................. The First National Bank o f Islip
Saratoga Springs. . . . Saratoga National Bank o f Saratoga Springs
Wellsville.................B The Citizens National Bank o f Wellsville

G eorge L . H a r r is o n ,

Governor

B = Bank in Buffalo Branch territory.




P

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

FORM F. R. 326

inrr pgr g i y r y BY FILF*

Da t e
K i nd

of

Ma t e r i a l

Name

or

Subject:




(05Q I

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

(0501

Authority

REG'D IN FILES SECTIQJ

1 7 195CUs

FEDERAL RESERVE BANK
OF NEW YORK

£ 7 a .-c /Z \
Circular No. 1212, April 19. 1933
Supplement to Circular _ 1W 1134
as supplemented.

[
To all Banking Institutions in the
Second Federal Reserve District:

Supplementing information given in our circulars Nos. 1194, 1198, 1201, 1203 and
1208, the follow ing additions should be made to the list o f banking institutions in the
Second Federal Reserve District which have been licensed to resume full banking
operations:

MEMBER BANKS
N EW YO RK STATE
Jordan.................................The Jordan National Bank

NONMEMBER BANKS
N EW YORK STATE
V icto r...................................State Bank o f Victor

NEW MEMBER BANKS
The following State banking institutions, previously licensed to resume full banking
operations by the Superintendent o f Banks o f the State o f New York, have been admitted
to membership in the Federal Reserve System:




N EW YO RK STATE
New Y ork C ity................. County Trust Company o f New York
Saratoga Springs..............The Adirondack Trust Company
T arrytow n......................... Washington Irving Trust Company
White Plains.......................The Citizens Bank o f White Plains, N. Y .

G eorge L . H arrison ,

Governor

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

p£ )-

(Q 50|

BBC’D m HUM SECfl
JAN 1

FEDERAL RESERVE BANK
OF NEW YORK

Circular No. 1208, _ _ _
Supplement to Circular
as supplemented.

[
To all Banking Institutions in the
Second Federal Reserve District:

Supplementing information given in our circulars Nos. 1194,1198,1201 and 1203, the
follow ing additions should be made to the list o f banking institutions in the Second
Federal Reserve District which have been licensed to resume full banking operations:

MEMBER BANKS
N E W JE R SE Y
Red B ank___ The Second National Bank and Trust Company o f Red Bank
N E W YORK
Herm on..........The First National Bank o f Hermon

NONMEMBER BANKS
N EW JERSEY
Gladstone___ Peapack-Gladstone B a n k 1
N EW YO RK
Cincinnatus.. Bank of Cincinnatus
AGENCIES OF FOREIGN BANKS AND OF BAN K IN G COMPANIES
IN CORPORATED OUTSIDE OF N EW YO RK STA TE

2

N EW YO RK CITY
American Express Co., Inc.
Anglo South American Bank Ltd.
Banca Commerciale Italiana
Banco Di Napoli, No. 1
Banco Di Roma
Banco Nacional De Mexico
Bank o f Chosen
Bank o f London & South America Ltd.
Bank o f Montreal
Bank o f Nova Scotia
Bank o f Taiwan
Banque Beige Pour L ’Etranger
Barclays Bank (Dominion, Colonial
& Overseas)
Canadian Bank o f Commerce
Chartered Bank o f India, Australia
& China

Thomas Cook & Son (Bankers) Limited
Credito Italiano
The Dominion Bank, Canada
First o f Boston International Corporation
Hong Kong & Shanghai Banking Corp.
International Banking Corp.
Mercantile Bank o f India Ltd.
Mitsubishi Bank Ltd.
Mitsui Bank Ltd.
Philippine National Bank
Royal Bank o f Canada
Shawmut Corporation o f Boston
Standard Bank o f South A frica
Sumitomo Bank Ltd.
Yokohoma Specie Bank Ltd.

G eorge L . H arrison ,

/A

Governor
feviously licensed and shown in earlier lists under Peapack.
2 Previously licensed to open but omitted from earlier lists.




7

1950

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p X ) .

I05d|

. .

FEDERAL RESERVE BANK
OF NEW YORK

s v tC S V E D %\
_ 7 $33
\
aPR~
— —*•
No, 12W,1

Executive Order Forbidding the Hoarding of Golc
To all Banking Institutions in the
Second Federal Reserve District:
^
For your information, we quote below the text of an executive order issued by
United States on April 5, 1933:

REC’D IN FILES SECTION
JAN 1 8 195Q y
4 -7 $
III

-■ £ / < * )

W

EXECUTIVE ORDER
Forbidding the Hoarding of Gold Coin, Gold Pigllion and Gold Certificates.
By virtue of the authority vested in me by Section 5 (b) of the Act of October 6, 1917, as amended by Section 2
of the Act of March 9, 1933, entitled “ An Act to Provide Belief in the Existing National Emergency in Banking, and
for Other Purposes, ’ ’ in which amendatory act Congress declared that a serious emergency exists, I, Franklin D.
Roosevelt, President of the United States of America, do declare that said national emergency still continues to exist
and pursuant to said section do hereby prohibit the hoarding of gold coin, gold bullion and gold certificates within the
continental United States by individuals, partnerships, associations and corporations, and hereby prescribe the fol­
lowing regulations for carrying out the purposes of this older:
Section 1. For the purposes of this regulation, the term “ hoarding” means the withdrawal and withholding of
gold coin, goM bullion or gold certificates from the recognized and customary channels of trade. The term “ person”
means any individual, partnership, association or corporation.
Section 2. All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve Bank or a
branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion and gold
''certificates now owned by them or coming into their ownership on or before April 28, 1933, except the following:
(a) Such amount of gold as may be required, for legitimate and customary use in industry, profession or art
within a reasonable time, including gold prior to refining and stocks of gold in reasonable amounts for the usual trade
requirements of owners mining and refining such gold.

(b) Gold coin and gold certificates in ah amount not exceeding in the aggregate $100 belonging to any one
person; and gold coins having a recognized special value to collectors of rare and unusual coins,
(c) Gold coin and bullion earmarked or held in trust for a recognized foreign government or foreign central bank
or the Bank for International Settlements.
(d) Gold coin and bullion licensed for other proper transactions (not involving hoarding) including gold coin
and bullion imported for re-export or held pending action on applications for export license.
Section 3. Until otherwise ordered, any person becoming the owner of any gold coin, gold bullion or gold certifi­
cates after April 28, 1933, shall, within three days after receipt thereof, deliver the same in the manner prescribed in
Section 2 ; unless such gold eoin, gold bullion or gold certificates are held for any of the purposes specified in para­
graphs (a), (b) or (e) of Seetion 2; or unless.,such gold coin or gold bullion is held for purposes specified in para­
graph (d) of Section 2 and the person holding it is, with respect to such gold coin or bullion, a licensee or applicant
for license pending action thereon.
Section 4. Upon receipt of gold coin, gold bullion or gold certificates delivered to it in accordance with Sections 2
or 3, the Federal Reserve Bank or member bank will pay therefor an equivalent amount of any other form of coin
or currency coined or, issued under the laws of the United States.
Section 5. Member banks shall deliver all gold coin, gold bullion and gold certificates owned or received by them
(other than as exempted under the provisions of Section 2) to the Federal Reserve Banks of their respective districts
and receive credit or payment therefor.
Section 6. The Secretary of the Treasury, out of the sum made available to the President by Section 501 of the
Act of March 9, 1933, will in all proper cases pay the reasonable costs of transportation of gold coin, gold bullion or
gold certificates delivered to a member bank or Federal R eserv e Bank in accordance with Sections 2, 3, or 5 hereof,
including the cost of insurance, protection, and such other incidental eosts as may be necessary, upon production of
satisfactory evidence of such costs. Voucher forms for this purpose may be procured from Federal Reserve Banks.
Section 7. In cases where the delivery of gold coin, gold bullion or gold certificates by the owners thereof within
the time set forthabove will'involve extraordinary hardship or difficulty, the Secretary of the Treasury may, in his
discretion, extend the time within which such delivery must be made. Applications for such extensions must be made
in writing under oath, addressed to the Secretary of the Treasury and filed with a Federal Reserve Bank. Each
application must state the date to which the extension is desired, the amount and location of the gold coin, gold bullion
and gold certificates in respect of which such application is made, and the facts showing extension to be necessary
to avoid extraordinary hardship or difficulty.
Seetion 8. The Secretary of the Treasury is hereby authorized and empowered to issue such further regulations
as he may deem necessary to carry out the purposes of this order, and to issue licenses thereunder, through sueh officers
or agencies as he may designate, including licenses permitting the Federal Beserve Banks and member banks of the
Federal Reserve System, in return for an equivalent amount of other coin, currency or credit, to deliver, earmark or
hold in trust gold coin and bullion to or for persons showing the need for the same for any of the purposes specified in
paragraphs (a), (c) and (d) of Section 2 of these regulations.
Section 9. Whoever willfully violates any provision of this Executive Qrder or of these regulations or of any
rule, regulation or license issued thereunder may be fined not more than $10,000, or, if a natural person, may be
imprisoned for not more than ten years, or both; and any officer, director, or agent of any corporation who knowingly
participates in any sueh violation may be punished by a like fine, imprisonment, or both.
This order and these regulations may be modified or revoked at any time.
FRANKLIN t>. ROOSEVELT.
T h e W h i t e H o u s e , April 5, 1983.

As we are advised of the issuance of any regulations by the Secretary of the Treasury, under this
executive order, we shall forward the text thereof to banking institutions in this district.

/ //
,

< ...

1/



y*

Governor.

G e o rg e L. H a r r is o n ,

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p d .

I05t)|

To all Banking Institutions in the
Second Federal Reserve District:

Supplementing information given in our circulars Nos. 1194, 1198 and 1201, the fol­
lowing banks should be added to the list of banking institutions in the Second Federal
Reserve District which have been licensed to resume full banking operations:




MEMBER BANKS
N EW JE R SE Y
Perth Amboy

The First National Bank o f Perth Amboy
N EW YORK

L isle..................... The First National Bank o f Lisle
Peekskill............. The Peekskill National Bank and Trust Company

NONMEMBER BANKS
N EW JERSEY
Red Bank............The Merchants Trust Company f
N E W YORK
Camillus..............Camillus Bank
Chittenango.......State Bank o f Chittenango
Skaneateles........State Bank o f Skaneateles

G eorge L. H arrison ,

Governor

Reproduced from the Unclassified I Declassified Holdings of the National Archives

- ...

DECLASSIFIED
Authority p X ) -

10 5 0 1

RISC’D IN FILES SECTION
FORM F

R . 326

JAN 1 8 135^
¥ 7 a - c f c
Hfli UJJ1m ? n t ^ V FITTS—

Da t e .

K in d

Name

of

or

Ma t e r i a l :

Subject:




<2 O f ;

/

/ > )

CHECKED BY.
D A T E ________

fs r >

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

pd.

10501

BscvnrntBBsBmoMi
JAN 1 7 1950 <

FEDERAL. RESERVE BANK
OF NEW YORK

Circular No. 1201, March 31. 1933
Special Supplement to Circulars JNos.
1194 and 1198.

[

To all Banking Institutions in the
Second Federal Reserve District:

Supplementing information given in our circulars Nos. 1194 and 1198, the following
banks should be added to the list of banking institutions in the Second Federal Reserve
District which have been licensed to resume full banking operations:

MEMBER BANKS
NEW JERSEY
South Orange.........Savings Investment and Trust Company,1
(branch, head office East Orange)
West New York___The New Jersey Title Guarantee and Trust C o.1
(branch, head office Jersey City)

NONMEMBER BANKS
NEW YORK
Larchmont............ Trust Company of Larchmont2

G eorge L . H a rriso n ,

Governor.

1 Previously licensed but omitted from earlier lists.
2 Licensed to resume full banking operations March 31, 1933.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^

(0 5 0 1

F ederal R eserve B an k
of

N ew Y o rk

(Circular No, 1199)
( March 50, 1955 )

Act to Provide for Direct Loans by Federal Reserve Banks to State Banks
and Trust Corapantes, in Certain Cases, and for Other Purposes

To All Banking Institutions in the
Second Federal Reserve District:
For your information and supplementing our Circular No, 1171, dated
March 9, 1953, in which we quoted the text, as transmitted to us by wire, of the
Act of Congress approved March 9, 1935, entitled "in Act to provide relief in
the existing national emergency in banking and for other purposes,"

we enclose

with this circular a copy of an Act of Congress approved March 24, 1935, en­
titled "An Act to provide for direct loans by Federal reserve banks to State
banks and trust companies, in certain cases, and for other purposes."




George L. Harrison,
Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

(05QI

F e d e ra l R eserve Bank
of

N ew Y o rk

(Circular No. 1200. March 50. 1955 Amending)
(Circular No. 1005, dated November 1, 1950,}
(as .Amended by Circular No. 1190, dated
)
(March 20, 1955.
)
COLLECTION OF CASH IT2MS
To Member and Ncnmember Clearing Banks
in the Second Federal Reserve District:
Until further advised, all cash items drawn on unlicensed banks (includ­
ing those for which a conservator has been appointed) will be handled by Federal
Reserve Banks in the usual manner under the terms of Federal Reserve Boardfs
Regulation J and circular No. 1005, dated November 1, 1950, as amended by circular
No. 1190, dated March 20, 1955, issued pursuant thereto by the Federal Reserve
Bank of New York, except that outgoing cash letters to unlicensed member and non­
member banks will contain the additional protest instructions:
nIf any item of less than $500 is returned for the sole
reason fDrawn Against Restricted Account,* DO NOT PROTEST unless the
word ’PROTEST,' with usual American Bankers Association designation
of a bank, is stamped or written on the face thereof.”
Therefore, should you desire any items of less than $500, drawn on an
unlicensed member or nonmember bank, to be protested when returned solely for the
reason "Drawn Against Restricted Account,” please stamp or write on face of the
item the word "PROTJST” accompanied by usual American Bankers Association designa­
tion of your bank.
This circular supersedes and revokes our letter of March 14, 1955,
addressed to all banking institutions in the Second Federal Reserve District, with
reference to rules regarding protest of cash items drawn on unlicensed banking
institutions.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

1050)

F e d e ra l R eserv e Bank
of

N

ew

Y

ork

March 30 i 1935*
REGULATIONS ISSUED BY THE SECRETARY OF THE TREASURY UNDER THE
PRESIDENTS PROCLAMATIONS DECLARING AND CONTINUING A BANK HOLIDAY
To All State Member Banks in the Second Federal Reserve District
Not Licensed to Resume Full Banking Operations:

For~your information, and supplementing our previous circulars on this
subject, we quote below the text of a regulation which the Federal Reserve Board
has advised us has been issued by the Secretary of the Treasury under the
President’s proclamations of March 6 and 9, 1933, declaring and continuing a bank
holiday.
Regulation 32.
"Any state bank which is a member of the Federal Reserve System,
and is not licensed by the Secretary of the Treasury to perform usual
banking functions> may permit withdrawals of deposits which are law­
fully secured by collateral: Provided, that such withdrawals are (a)
permissible un<}er applicable law, (b) duly authorized by the board of
directors of such bank, upon such terms with respect to the release
of collateral as will fully protect all depositors and other creditors
against the creation of any preferences, and (c) approved by the
appropriate State authority having supervision of such bank*
"Any such bank is authorized to carry on such usual banking
functions as may be essential to allow the withdrawals permitted by
this regulation, subject to the provisions and restrictions above
set forth and except as otherwise prohibited*"
As we are advised of the issuance of further regulations and interpreta­
tions by the Secretary of the Treasury under the President’s proclamations declar­
ing and continuing a bank holiday we will forward the text thereof to banking
institutions in this district*




George L* H a r r is o n ,
G overn or*

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p d .

10501

F e d e ra l R eserve Bank
of

N ew Y o rk
March 50, 1933*

BBGHLiTIQNS ISSUED BY THE .SEGHETiH Y OF THE TBEASI3RY UNDER THE
PRESIDENT *S FROCLiMiTIONS DSOJRING -MD. .OQSTBfUING A RANK HOLIDAY
To ill Member Banks in the Second Federal Beserve District
Not Licensed to Besume Full Banking Operations:
For your information, and supplementing our previous circulars on this
subject, we quote below the text of a regulation which the Federal Beserve Board
has advised us has been issued by the Secretary of the Treasury under the
Resident’s proclamations of March 6 and 9, 1933, declaring and continuing a bank
holiday.
Regulation 31.
winy banking institution which is a member of the Federal Beserve
System and is not licensed to perform usual banking functions, but
which is duly authorized to engage in the business of acting as
trustee, executor, administrator, registrar of stocks, and bonds,
transfer agent, guardian of estates, assignee, receiver, committee of
estates of lunatics, or in any other fiduciary capacity, may transact
such business in the normal and usual manner and may make payments on
account of the principal or income of trust or other fiduciary funds
to the persons entitled thereto: Provided, that, except to the extent
peimitted by other emergency banking regulations, no such banking
institution shall withdraw or pay out any trust or other fiduciary
funds on deposit'with any other department of such banking institution
or make any other payment in connection with any trust or other
fiduciary funds, which would operate to discharge, as a whole or in
part, any indebtedness, as distinguished from any trust or other
fiduciary duty, of such banking institution.
wThis regulation supersedes emergency banking regulation #13 of
March 7, 1933, which is hereby revoked
As we are advised of the issuance of further regulations and interpreta
tions by the Secretary of the Treasury under the Presidents proclamations declar
ing and continuing a bank holiday we will forward the text thereof to banking
institutions in this district*
G eorge L . H a r r is o n ,
( * R e fe r e n c e t o ou r C ir c u la r N o. 1 1 6 8 .)




G overnor*

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p

10501

IN FILES SECTI
JAN 1 7 195
23- - C 4 i

V

FEDERAL RESERVE BANK
OF NEW YORK

T Circular No. 1108—March 29. 1933*1
L Supplement to Circular No. 1194 J

Supplementary List of Banking Institutions in the Second Federal Reserve
District Licensed to Resume Full Banking Operations

To all Banking Institutions in the
Second Federal Reserve District:

For your information we are sending you herewith a list of changes to be made
in our circular No. 1194, dated March 22,1933. These changes cover (1) banks pre­
viously licensed but omitted from earlier lists, (2) banks that have been licensed to
resume full banking operations during the period from March 23 to March 29, 1933,
inclusive, and (3) banks previously licensed but undergoing a change in status during
that period.
Banking institutions whose names are prefixed with the capital letter B are
located in the territory assigned to our Buffalo Branch.
For the present, weekly supplements to our circular No. 1194 will be published,
containing the names of additional banking institutions which hereafter are licensed
to resume full banking operations. This is the first such supplement.
These lists do not take the place of the par list.




G eorge

L.

H a r r is o n ,

G overnor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

px).

10501

MEMBER BANKS
C O N N E C T IC U T

(N o Changes)

N EW YORK

N E W JE R SE Y

Addition
Bayonne . . . .

Hudson County National Bank1
(branch, head office Jersey City)

Addition
Remsen
Yonkers

The First National Bank of Remsen2
Yonkers National Bank and Trust
Company (licensed to resume
full operations March 31, 1933)

NONMEMBER BANKS
C O N N E C T IC U T

(N o Changes)

N E W JE R SE Y

Additions
Hoboken ........

Hudson Trust Co . 1
- (branch, head office Union City)
Trust Company of New Jersey1
(branch, head office Jersey City)
Central Bank and Trust Company2
Trust Company of New Jersey 1
(branch, head office Jersey City)

Hoboken ........
Newark ..........
Union City . . .

N E W JE R SE Y — (Continued)

Withdrawals
Paterson ........
Paterson ........

Broadway Bank and Trust Co . 8
Franklin Trust Co . 3
N EW YORK

Additions
Canaseraga
Patchogue .

Canaseraga State Bank2
Patchogue Citizens Bank
and Trust Company2

MISCELLANEOUS BANKING COMPANIES1
N E W YO R K STATE

A lb a n y ............
A lb a n y ............
Binghamton ..
B u ffa lo ............B

Guaranty Company of New York
Morris Plan Co. of Albany
Morris Plan Co. of Binghamton
Buffalo Morris Plan Industrial
Banking Co.
B u ffa lo ............B Commercial Investment Trust, Ltd.

New York City— (Continued)

Borough of
Manhattan

New York City

Borough of
Brooklyn

Borough of
Manhattan

Food Dealers Industrial Banking
Corporation
Montrose Investment & Loan Corp.
The Thrift
United Loan Corporation
Bankers Commercial Security
Co., Inc.
Commercial Credit Corp.
Commercial Investment Trust, Inc.
Credit Utility Company, Inc.
Discount Corp. of New York
Electric Appliance Finance Corp.
French American Banking Corp.
General Motors Acceptance Corp.
Goldwyn Loan & Investment Corp.
Gotham Industrial Banking Corp.
Guaranty Company of New York

N E W Y O R K S T A T E — (Continued)

Niagara Falls .B Manufacturers & Employees
Mortgage Co.
R ochester....... B Morris Plan Co. of Rochester
Schenectady .. Morris Plan Co. of Schenectady
Syracuse ........ Morris Plan Co. of Syracuse
Troy ................ Troy Prudential Association, Inc.
U tic a ...............
Morris Plan Co. of Utica

1 Previously licensed but omitted from earlier lists.
2 Licensed to resume full banking operations between March 23 and March 29, 1933.
3 Now operating on a restricted basis under state law.




Heating & Plumbing Finance Corp.
Mack Acceptance Corp.
Manufacturers Finance Corp.
Merchants & Manufacturers
Securities Corp.
Morris Plan Co. of New York
National Credit Corp.
Neighborhood Loan & Investment
Co.
People’s Loan & Investment Co.
Royal Loan & Investment Corp.
J. Henry Schroder Banking Corp.
State Banking Company
Textile Banking Co., Inc.
Union Banking Corp.
Universal Credit Corp.

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

<D.

(0501

F e d e ra l R eserve Bank
of

N

ew

Y

ork

(Circular No. 1193)
(March 22, 1953* )

REGULATIONS ISSUED BY THE SECRETARY OF THE TREASURY UNSsR THE
PRESIDENTS PROCLAMATIONS DECLARING AND CONTINUING A BANK HOLIDAY

To All Banking Institutions in the
Second Federal Reserve District:
For your information, and supplementing our previous circulars on this
subject, we quote below the text of a regulation which the Federal Reserve Board
has advised us has been issued by the Secretary of the Treasury, under the
President’s proclamations of March 6 and 9, 1933, declaring and continuing a bank
holiday.
Regulation 29»
"Any banking institution which is a member of the Federal Reserve
System and is not licensed to perform usual banking functions may re**
discount or pledge with another banking institution renewals of notes
which were previously rediscounted or pledged with such other banking
institution.”
As we are advised of the issuance of further regulations and interpreta­
tions by the Secretary of the Treasury under the President’s proclamations declar­
ing and continuing a bank holiday we will forward the text thereof to banking
institutions in this district*




George L . H a r r is o n ,
G o v e rn o r.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

\)~ ( O S O j

(Circular No. 1195)
(March 22, 1935. }

REGULATIONS ISSUED BY THE SECRETARY OF THE TREASURY UNDER THE
F R E S I D m r *S PROCLAMATIONS DECLARING AND CONTINUING A BANK HOLIDAY

To All Banking Institutions in the
^Second Federal Reserve District:
For your information, and supplementing our previous circulars on this
subject, we quote below the text of an interpretation, designated as Interpretation
No* 13, which the Federal Reserve Board has advised us has been approved by the
Secretary of the Treasury.
Interpretation No. 13,
"Regulation No* 28 is held not to prohibit the honoring of
checks or drafts drawn on or before March 18, 1955, under the terms
of Regulation No, 6 or Regulation No* 10, as amended, subject to
all the provisions and restrictions contained in such regulations
and except as otherwise prohibited.”
Reference is made to our circular No. 1188, dated March 19, 1935, in
which will be found a copy of each of the regulations above referred to.
As we are advised of the issuance of further regulations and interpreta­
tions by the Secretary of the Treasury under the President’s proclamations declar­
ing and continuing a bank holiday we will forward the text thereof to banking
institutions in this district.




George L. Harrison,
Governor *

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p A)* 1 0 5 0 1

List o f Banking Institutions in the Second Federal Reserve District
Licensed to Resume Full Banking Operations

To all Banking Institutions in the
Second Federal Reserve District:

For your information, and superseding circular No. 1184, dated March 16, 1933,
we are sending you herewith a list, arranged alphabetically by states and cities, <of
all member banks in the Second Federal Reserve District which thus far have been
licensed to resume full banking operations in accordance with executive orders of
the President of the United States and regulations of the Secretary of the Treasury.
There also is included a list of all nonmember banking institutions in the district
which have been licensed to reopen for full banking operations under the same orders
and regulations, so far as information with regard to them has been received from
the respective state banking departments.
The lists have been prepared in three sections:
(1) Member banks.
(2) Nonmember state banks, trust companies, and private banks.
(3) Savings banks.

Banking institutions whose names are prefixed with the capital letter B are
located in the territory assigned to our Buffalo Branch, which comprises the ten
westerly counties of New York State as follows: Allegany, Cattaraugus, Chautauqua,
Erie, Genesee, Livingston, Monroe, Niagara, Orleans, and Wyoming.
Each state bank member in the list of member banks is designated by an asterisk.
For the present, weekly supplements to this circular will be published, contain­
ing the names of additional banking institutions which hereafter are licensed to
resume full banking operations.
These lists do not take the place of the par list.




G eorge

L. H a r r i s o n ,

Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^

(0 5 01

MEMBER BANKS— SECOND FED ERAL RESERVE D ISTRICT

MEMBER BANKS
N EW JERSEY— (Continued)

CONNECTICUT
Bethel .............
Bridgeport . . . .
D an bu ry.........
East Port
Chester........
Greenwich
New Canaan...
N orw a lk .........
Ridgefield.......
South Norwalk
Stamford ........

Bradley Beach

The Bethel National Bank
The First National Bank and Trust
Company of Bridgeport
City National Bank & Trust
Company of Danbury
The Bryam National Bank of East
Port Chester (P.O., Port Chester,
N. Y.)
First National Bank in Greenwich
The First National Bank & Trust
Company of New Canaan
The National Bank of Norwalk
The First National Bank and Trust
Company of Ridgefield
The City National Bank of South
Norwalk
First-Stamford National Bank &
Trust Co.

Butler ..
Caldwell
Caldwell
Carteret
Cedar Grove
Clifton
Clifton
Clinton
Closter
Cranbury
Cranford . . .
Cranford . . .
Dover .........
Dover .........
Dumont
Dunellen . . .
Dunellen . . .
East Orange
East Orange
Eatontown .

N EW JERSEY
Allendale . . .
Allenhurst ..
Allentown ..
Asbury Park
Atlantic
Highlands
Bayonne . . .
Bayonne . . .
Belleville
Belleville
Belvidere . . . .
Bergenfield ..
Bernardsville
Blairstown .. .
Bloomfield . . .
Bloomfield . . .
Bloomfield . ..
Bloomingdale
B o g o t a ..........
B o g o t a ..........
Boonton
B oo n to n ........
Bound Brook

The First National Bank of
Allendale
Allenhurst National Bank and Trust
Company
The Farmers National Bank of
Allentown
Asbury Park National Bank and
Trust Company
The Atlantic Highlands National
Bank
* Bayonne Trust Company
The Mechanics’ National Bank of
Bayonne
The First National Bank of
Belleville
Peoples National Bank and Trust
Company of Belleville
The First National Bank of
Belvidere
The Bergenfield National Bank and
Trust Company
The Bernardsville National Bank
The First National Bank of
Blairstown
^Bloomfield Bank and Trust
Company
^Community Trust Company of
Bloomfield
*The Watsessing Bank
The First National Bank of
Bloomingdale
*Bank of Bogota
The Bogota National Bank
The Boonton National Bank
*Boonton Trust Company
The First National Bank of
Bound Brook




Elizabeth ...
Elizabeth ...
Elizabeth .. .
Englewood .
Englishtown
Farmingdale
Flemington .
Flemington .
Fort Lee
Franklin
Freehold
Freehold . .
Frenchtown
Garwood ..
Glen Ridge
Glen Rock .
Hackensack
Hackensack
Hackensack
2

The First National Bank of
Bradley Beach
The First National Bank of Butler
The Caldwell National Bank
The Citizens National Bank and
Trust Company of Caldwell
*Carteret Bank and Trust Company
The First National Bank of
Cedar Grove
The Clifton National Bank
The First National Bank of Clifton
The Clinton National Bank
Closter National Bank and Trust
Company
The First National Bank of
Cranbury
*Cranford Trust Company
The First National Bank of Cranford
*The Dover Trust Company
The National Union Bank of Dover
The Dumont National Bank
The First National Bank of Dunellcii
*People’s Trust Company
*East Orange Trust Co.
\
^Savings Investments & Trust Co.
The First National Bank of
Eatontown
^Central Home Trust Company of
Elizabeth, N. J.
*The Elizabethport Banking
Company
The National State Bank of
Elizabeth
The Citizens National Bank and
Trust Company of Englewood
The First National Bank of
Englishtown
The First National Bank of
Farmingdale
The Flemington National Bank and
Trust Company
The Hunterdon County National
Bank of Flemington
*Fort Lee Trust Company
* Sussex County Trust Company
The Central National Bank of
Freehold
The First National Bank of Freehold
The Union National Bank of
Frenchtown
The First National Bank of Garwood
*Glen Ridge Trust Company
Glen Rock National Bank
The Bergen County National Bank
of Hackensack
The City National Bank and Trust
Company of Hackensack
^Peoples Trust and Guaranty
Company
* State bank member

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

px).

10501

MEMBER BANKS— SECOND F E D E R A L RESERVE D ISTRICT
N EW JERSEY— (Continued)

N EW JERSEY— (Continued)

Morristown . . .

Hackensack ... *State Bank & Trust Company of
Hackensack, N. J.
H a led on .......... Haledon National Bank
H a m b u rg....... The Hardyston National Bank of
Hamburg
Harrison ........ The Harrison National Bank
Hasbrouck
Heights . . . . *Bank of Hasbrouck Heights
High Bridge . . The First National Bank of
High Bridge
Highland Park
The First National Bank of
Highland Park
H illsdale......... The Hillsdale National Bank
Hillside . . . . . . The Hillside National Bank
(P.O., Elizabeth, N. J.)
Hoboken ........ The First National Bank of Hoboken
H o p e ............... The First National Bank of Hope
Irvington ....... The Irvington National Bank
Irvington ....... The Peoples National Bank & Trust
Company of Irvington
Jersey City . . . . *Commercial Trust Company of
New Jersey
JerseyXity . . . . The First National Bank of
Jersey City
Jersey City . . . . The Franklin National Bank of
Jersey City
Jersey City . . . . Hudson County National Bank
Jersey City . . . . Journal Square National Bank of
Jersey City
Jersey City . . . . *The New Jersey Title Guarantee and
Trust Company
Kearny ........... Kearny National Bank
K e y p o r t .......... The Peoples National Bank of
Keyport
Lambertville
Amwell National Bank
Lambertville .. The Lambertville National Bank
Linden ............ *Linden Trust Company
Little Falls . .. The Little Falls National Bank
Little Ferry ... The Little Ferry National Bank
Livingston . . . . Livingston National Bank
Lodi ...............
First National Bank in Lodi
Madison . . . . .
The First National Bank of Madison
Manasquan . . . Manasquan National Bank
M anville......... The Manville National Bank
Matawan ....... The Farmers and Merchants
National Bank of Matawan
M ilfo r d ........... The First National Bank of Milford
Millburn ........ The First National Bank of Millburn
Milltown ........ The First National Bank of Milltown
M on tclair....... *Bank of Montclair
Montclair . . . . . The First National Bank and Trust
Company of Montclair (P. O.,
Upper Montclair, N. J.)
M on tclair....... The Montclair National Bank
M on tclair....... *Montclair Trust Company
M on tclair....... The Peoples National Bank of
Montclair
Morristown . . . The First National Bank of
Morristown
Morristown . ... *Morristown Trust Company




N e tco n g ..........
N ew ark...........
N ew ark...........
Newark . ........
Newark . ........
Newark ..........
N ew ark...........
N ew ark...........
N ew ark...........
N ew ark...........
N ew ark...........
N ew ark...........
N ew ark...........
N ew ark...........
New
Brunswick ..
New
Brunswick ..
Newton . . . . . .
North Bergen .
Nutley ............
Nutley ............
Nutley ............
Oradell ...........
Orange ...........
Orange ...........
Park Ridge . ..
Passaic ....... ..
P aterson.........
P aterson.........
P aterson.........
Perth Amboy .
Phillipsburg ..
Phillipsburg ..
Plainfield........
P lainfield........
Plainfield........
P lainfield........
P lainfield........
3

The National Iron Bank of
Morristown
The Citizens National Bank of
Netcong
*Columbus Trust Company
^Federal Trust Company
*Fidelity Union Trust Company
*Franklin Washington Trust
Company
Lincoln National Bank of Newark
*Merchants and Newark Trust
Company of Newark, N. J.
The Mount Prospect National Bank
of Newark
The National Newark and Essex
Banking Company of Newark
The National State Bank of Newark
The Peoples National Bank of
Newark
The South Side National Bank and
Trust Company of Newark
Union National Bank in Newark
^United States Trust Company of
Newark
The National Bank of New Jersey
The Peoples National Bank of
New Brunswick
The Sussex and Merchants National
Bank of Newton
The First National Bank of
North Bergen
*Bank of Nutley
The First National Bank of Nutley
The Franklin National Bank of
Nutley
The First National Bank of Oradell
The Second National Bank of
Orange
*The Trust Company of Orange
The First National Bank of
Park Ridge
Passaic National Bank and Trust
Company
The First National Bank of Paterson
The Paterson National Bank
The Second National Bank of
Paterson
The Perth Amboy National Bank
The Phillipsburg National Bank and
Trust Company
The Second National Bank of
Phillipsburg
The First National Bank of
Plainfield
*Mid-City Trust Company
The Plainfield National Bank
*The Plainfield Trust Company
*The State Trust Company
♦ State bank member

Reproduced from the Unclassified I Declassified Holdings of the National Archives

_____________________ ________.

DECLASSIFIED

10 5 0 1

Authority

M EMBER BANKS— SECOND FED ERAL RESERVE DISTRICT
N EW JERSEY— (Continued)
Prospect Park
Rahway
Rahway
Ramsey
Ridgefield
Park ..........
Ridgewood
Ridgewood ...
Rochelle Park
Rockaway .
Roselle . . . .
Rutherford .
Rutherford .
Sayreville ..
Somerville . . .
South Amboy
South Orange
South
Plainfield ..
South River ..
Springfield ...
Sum m it.........
Summit
Sussex .
Teaneck
Tenafly ,
U n io n ..........
Union City .
W eehawken
West
Englewood
Westfield ...
Westfield __
Westfield ...
West Orange
Westwood ..
Westwood ..
Whippany ..
W ood Ridge
W yckoff . . . .

Adams . . . . . .j. *Citizens and Farmers Trust
Company
A d d is o n .......... The First National Bank of Addison
Afton ..............\ First National Bank of Afton
Albany ............ *First Trust Company of Albany
A lb a n y ............ The National Commercial Bank and
Trust Company of Albany
Albany . . . . .. The New York State National Bank
of Albany
Allegany ........B The First National Bank of Allegany
Amenia ___ __ The First National Bank of Amenia
Amityville . . . . First National Bank and Trust
Company of Amityville
Amsterdam . . . The Amsterdam City National Bank
Amsterdam . . . The Farmers National Bank of
Amsterdam
Amsterdam . . . The First National Bank of
Amsterdam
Amsterdam .. .^M ontgom ery County Trust Company
A n d e s .............. The National Bank of Andes
A n d o v e r ......... B The Burrows National Bank of
Andover
A n g o la ............B The Evans National Bank of Angola
Arcade . . . . . . .B The First National Bank of Arcade
Ardsley .......... The First National Bank of Ardsley
Argyle . . ........ The National Bank of Argyle
A u b u rn ........... The Auburn-Cayuga National Bank
and Trust Company
Aurora ........... The First National Bank of Aurora
Avoca . . . . . . . . *Bank of Avoca
Babylon .......... The Babylon National Bank & Trust
Company
Bainbridge . . . . The First National Bank of
Bainbridge
Baldwin .......... The Baldwin National Bank and
Trust Company
Baldwinsville . The First National Bank and Trust
Company of Baldwinsville
Ballston Spa .. The Ballston Spa National Bank
Barker ............B The Somerset National Bank of
Barker
B atavia........... ? The First National Bank of Batavia
B atavia........... B*Genesee Trust Company
Bath ................ The Bath National Bank
Bay Shore . . . . The First National Bank and Trust
Company of Bay Shore
B e a c o n ............ The Fishkill National Bank of
Beacon
Beacon . . . . . . . The Matteawan National Bank of
Beacon
Belfast ............B The First National Bank of Belfast
Bellerose . . . . . The First National Bank of
Bellerose
Bellmore . . . . . v The First National Bank of Bellmore
B elm on t..........B*The State Bank of Belmont, N. Y.
Binghamton .. The City National Bank of
Binghamton
Binghamton .. The First National Bank of
Binghamton

The Prospect Park National Bank
(P. O. Paterson, N. J.)
The Rahway National Bank
* Rah way Trust Company
The First National Bank and Trust
Company of Ramsey
*Ridgefield Park-Overpeck Trust
Company
Citizens National Bank and Trust
Company of Ridgewood
First National Bank and Trust
Company of Ridgewood
*Rochelle Park Bank, of Rochelle
Park, N. J.
First National Bank in Rockaway
The First National Bank of Roselle
The Rutherford National Bank
*Rutherford Trust Company
The First National Bank of
Sayreville
The Second National Bank of
Somerville
The First National Bank of
South Amboy
*South Orange Trust Company
The First National Bank of
South Plainfield
The First National Bank of
South River
The First National Bank of
Springfield
The First National Bank and Trust
Company of Summit
*The Summit Trust Company
The Farmers National Bank of
Sussex
The Teaneck National Bank
The Northern Valley National
Bank of Tenafly
The Union Center National Bank
The First National Bank of
Union City
The Hamilton National Bank of
Weehawken
The W est Englewood National Bank
The National Bank of Westfield
*Peoples Bank and Trust Company
of Westfield
*The Westfield Trust Company
The First National Bank of
W est Orange
The First National Bank of
Westwood
*Westwood Trust Company
The First National Bank of
Whippany
The W ood Ridge National Bank
The First National Bank of
W yckoff

B = Bank in Buffalo Branch territory




N E W Y O R K STA TE

\

4

* State bank member

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority Jj2 a X

(0 5 fl[

M EM BER BANKS— SECOND F E D E R A L RESER VE D ISTRICT
N E W Y O R K STATE— (Continued)

N E W Y O R K STA TE— (Continued)

Binghamton .. ^Marine Midland Trust Company of
\ Binghamton
Blasdell ..........B*Bank of Blasdell
Bolivar ........... B The First National Bank of Bolivar
Bolton
Bolton National Bank of Bolton
Landing . . . .
Landing
B oon v ille........ The First National Bank of
Boonville
B oon ville........ The National Exchange Bank of
Boonville
Brewsters . . . . The First National Bank of
Brewsters
Bridgehampton The Bridgehampton National Bank
Bronxville . . . . The Gramatan National Bank and
Trust Company of Bronxville
Buffalo ............ B*Liherty Bank of Buffalo
Buffalo ........... B*The Marine Trust Company of
Buffalo
B u ffa lo............B The Niagara National Bank of
Buffalo
Buffalo . . ........B*Manufacturers and Traders Trust
"
Company
C airo'....... ....... The First National Bank of Cairo
Caledonia....... B The First National Bank of
Caledonia
Cam bridge___ The Cambridge Valley National
Bank
Camden .......... The First National Bank, and Trust
Company of Camden
Canajoharie ... The Canajoharie National Bank
Canandaigua .. The Canandaigua National Bank and
v
Trust Company
Canandaigua .. *Ontario County Trust Company
Canastota ___ The First National Bank of
Canastota
Candor ............ \The First National Bank of Candor
Canisteo ......... *First State Bank of Canisteo, N. Y.
Canton ........... The First National Bank of Canton
Canton ........... The St. Lawrence County National
Bank of Canton
Carmel ............ The Putnam County National Bank
of Carmel
Carthage ........ Carthage National Exchange Bank
Castleton on
The National Exchange Bank of
Hudson . . . .
Castleton on Hudson
C atskill........... Catskill National Bank and Trust
Company
Catskill . . . — . The Tanners National Bank of
Catskill
Cazenovia . . . . The Cazenovia National Bank
Cedarhurst ..... The Peninsula National Bank of
Cedarhurst
Center
Moriches . . . ^Center Moriches Bank
Central Islip .. The Central Islip National Bank
Central Square
The First National Bank of
Central Square
Central Valley
The Central Valley National Bank
Chappaqua . . . . The Chappaqua National Bank
Chateaugay . . . The First National Bank of
Chateaugay

Chatham ........’•'State Bank, Chatham, New York
Chester .......... The Chester National Bank
Clayton .......... The First National Exchange Bank
of Clayton
Clinton ........... The Hayes National Bank of Clinton
Cobleskill . . . . The First National Bank of
Cobleskill
Cohocton ....... *The Cohocton State Bank
Cohoes ............ The National Bank of Cohoes
Cold Spring ... The National Bank of Cold Spring
on Hudson
Cooperstown .. The First National Bank of
Cooperstown
Cooperstown .. The Second National Bank of
Cooperstown
Copenhagen .. The Copenhagen National Bank
Corning .......... First National Bank and Trust
Company of Corning
Cornwall ........ The Cornwall National Bank
C ortland......... The National Bank of Cortland
C ortland......... Second National Bank and Trust
Company of Cortland
C oxsackie....... The National Bank of Coxsackie
Croghan ......... The Croghan National Bank
Croton on
The First National Bank of Croton
Hudson ----on Hudson
Cuba ............... B The Cuba National Bank
Cuba ............... B The First National Bank of Cuba
C utchogue----- The First National Bank of
Cutchogue
Dansville ....... B The Merchants and Farmers
National Bank of Dansville
D e lh i............... The Delaware National Bank of
Delhi
D e p o sit....... .. The Farmers National Bank of
Deposit
Dexter ............ The First National Bank of Dexter
Dolgeville . . . . The First National Bank of
Dolgeville
Dover Plains .. The Dover Plains National Bank
Downsville . . . The First National Bank of
Downsville
Dryden .......... The First National Bank of Dryden
Dundee .......... The Dundee National Bank
D u n k irk ..........B*Dunkirk Trust Company
D u n k irk ..........B The Lake Shore National Bank of
Dunkirk
E a rlville......... The First National Bank of Earlville
East Aurora . ,B*The Bank of East Aurora
East Islip . . . . The First National Bank of East
Islip
East
The Citizens National Bank of
Northport ..
East Northport
Eastport . . . . . . The Eastport National Bank
East
East Rockaway National Bank &
Rockaway ..
Trust Company
East Setauket . The Tinker National Bank of East
Setauket
Edmeston . . . . The First National Bank of
Edmeston

B = Bank in Buffalo Branch territory




5

* State bank member

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p d .

(0 5 0 1

MEMBER BANKS— SECOND FE D E R A L RESERVE D ISTRICT
N EW Y O R K STATE— (Continued)
Glens Falls . . . Glens Falls National Bank and Trust
Company
Gloversville ... City National Bank and Trust
Company of Gloversville
Gloversville ... The Fulton County National Bank
and Trust Company of
Gloversville
Gloversville ... *Trust Company of Fulton County
Goshen ........... The Goshen National Bank
Goshen ........... The National Bank of Orange
County of Goshen
Grand Gorge .. The First National Bank of
Grand Gorge
Granville ........ The Washington County National
Bank of Granville
Greene ............ First National Bank in Greene
Greenport . . . . The First National Bank of
Greenport
Greenport ----- The Peoples National Bank of
Greenport
Greenwich . . . . The First National Bank of
Greenwich
Groton ........... The First National Bank of Groton
H a m b u rg ....... B*Peoples Bank of Hamburgh
H am den .......... The First National Bank of Hamden
Hamilton ....... x The National Hamilton Bank
Hammondsport *The Bank of Hammondsport
Hampton Bays
The Hampton Bays National Bank
H a n cock ......... The First National Bank of Hancock
Harrison ........ The First National Bank of Harrison
Hartsdale . . . . The Hartsdale National Bank
Hartwick ....... The Hartwick National Bank
Hastings-upon- The First National Bank of
Hudson . . . .
Hastings-upon-Hudson
Hempstead . . . The Second National Bank of
Hempstead
H erkim er....... The First National Bank of
Herkimer
Hicksville . . . . *Bank of Hicksville
Hicksville . . . . The Long Island National Bank of
Hicksville
Highland ....... The First National Bank of
Highland
Hobart ....... ... The National Bank of Hobart
Holcomb ....... The Hamlin National Bank of
Holcomb
Holland
The First National Bank of
Patent . . . . .
Holland Patent
Homer ........... The Homer National Bank
Hoosick Falls . The Peoples-First National Bank of
Hoosick Falls
Horseheads . . . The First National Bank of
Horseheads
H u d son ........... The Farmers National Bank of
Hudson
Hudson Falls . The Peoples National Bank of
Hudson Falls
Hudson Falls . The Sandy Hill National Bank of
Hudson Falls
Huntington . . . First National Bank and Trust
Company of Huntington

N EW YO RK STATE— ( Continued)
Ellenville .......

The First National Bank and Trust
Company of Ellenville
Ellenville ....... The Home National Bank of
Ellenville
Elmira ............ *Chemung Canal Trust Company
Elmira ............ First National Bank & Trust
Company of Elmira
Elmira ............ Southside National Bank of Elmira
Elmsford ........ The First National Bank of
Elmsford
E n d ico tt......... \ The Endicott National Bank
Endicott . . . . . . *Endicott Trust Company
E n d ico tt......... ^Union Trust Company of Endicott
(P. O.— Union Station, N. Y.)
F airp ort..........B Fairport National Bank and Trust
Company
Farmingdale . . *The Bank of Farmingdale
Farmingdale .. The First National Bank of
Farmingdale
Fleischmanns . The First National Bank of
Fleischmanns
Floral Park . . . The. First National Bank and Trust
Company of Floral Park
Floral Park . . . * Floral Park Bank
Fonda ............. The National Mohawk River Bank
of Fonda
Forestville . . . . s The First National Bank of
Forestville
Fort Edward .. The Fort Edward National Bank
Fort Plain . . . . The Fort Plain National Bank
F rankfort....... Citizens First National Bank of
Frankfort
Franklin
Square ........ The Franklin Square National Bank
Franklinville . . B The Union National Bank of
Franklinville
Fredonia ........B*Citizens Trust Company of Fredonia,
New York
Fredonia ........B The National Bank of Fredonia
Freeport ........ The Citizens National Bank of
Freeport
Freeport ........ The First National Bank and Trust
Company of Freeport
F riendship---- B The Union National Bank of
Friendship
F u lto n ............. Citizens National Bank and Trust
Company of Fulton
Fultonville . . . The Fultonville National Bank
Gainesville .. .B The Gainesville National Bank
Geneseo ..........5 Genesee Valley National Bank and
Trust Company of Geneseo
Geneva ........... ^Geneva Trust Company
Geneva .. . . . . The National Bank of Geneva
Glen Cove . . . . The First National Bank of
Glen Cove
Glen Head . . . . The First National Bank of
Glen Head
Glens Falls . . . The First National Bank of
Glens Falls
B — Bank in Buffalo Branch territory




6

* State bank piember

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

f r f l . 10501

MEMBER BANKS— SECOND FED ERAL RESERVE D ISTRICT
N EW Y O R K STATE— (Continued)
Ilion ............... Ilion National Bank and Trust
Company
Interlaken . . . . The Wheeler National Bank of
Interlaken
Inwood .......... The First National Bank of Inwood
Irvington ....... The Irvington National Bank and
Trust Company
Ithaca ............. ' The First National Bank of Ithaca
Ithaca ............. *Ithaca Trust Company
Ithaca ............. The Tompkins County National
Bank
Jamestown . . B*Bank of Jamestown
Jamestown . . . B The First National Bank of
v Jamestown
Johnson City . *Workers Trust Company
K a ton a h ......... ^Northern Westchester Bank
Keeseville . . . . The Keeseville National Bank
Kenmore . . . . . B The First National Bank of
Kenmore (P. O., Hertel Station,
Buffalo, N. Y.)
Kerhonkson ... The Kerhonkson National Bank
' Kindertiook ... The National Union Bank of
Kinderhook
Kingston ........ First National Bank of Rondout
Kingston ........ ^Kingston Trust Company
K in g s to n ........ The Rondout National Bank of
Kingston
K in g s to n ........ The State of New York National
Bank
Lackawanna . . B Lackawanna National Bank
L a c o n a ............ The First National Bank of Lacona
La Fargeville . First National Bank of La Fargeville
Lake George .. First National Bank of Lake George
Lake
The National Bank of
Ronkonkoma
Lake Ronkonkoma
Lancaster . . . . b The Citizens National Bank of
Lancaster
Liberty .......... The National Bank of Liberty
Liberty .......... The Sullivan County National Bank
r
of Liberty
* Lindenhurst . . The First National Bank of
Lindenhurst
Little Falls . . . ^The Herkimer County Trust
Company
Little Falls . .. The Little Falls National Bank
Livingston
The Livingston Manor National
Bank
Manor -----L iv o n ia ........... B The Stewart National Bank and
Trust Company of Livonia
Lockport ........B Niagara County National Bank and
Trust Company
Long Beach ... The National City Bank of
Long Beach
Lowville ........ The Black River National Bank of
Lowville
Lowville ........ *Lewis County Trust Company
Lynbrook . . . . The Lynbrook National Bank &
Trust Company
Lynbrook . . . . The Peoples National Bank and
Trust Company of Lynbrook
b

= Bank in Buffalo Branch territory




N EW YO RK STATE— (Continued)
Lyons Falls ...
Mahopac ........
Malone ...........
Malone ...........

The Lyons Falls National Bank
The Mahopac National Bank
The Citizens National Bank of Malone
The Farmers National Bank of
\ Malone
Malone ........... *The Peoples Trust Company of
Malone
Manhasset . . . . First National Bank and Trust
Company of Manhasset
M arathon....... The First National Bank of
Marathon
Marion ...........
The First National Bank of Marion
Marlboro ....... The First National bank of
Marlboro
Massena ........ The First National Bank and Trust
Company of Massena
Mattituck . . . . The Mattituck National Bank and
v Trust Company
Mayville ........B*The State Bank of Mayville,
Mayville, N. Y.
Merrick ......... The First National Bank of Merrick
Mexico . . . . . . . The First National Bank of Mexico
Middleburgh .. The First National Bank of
Middleburgh
Middleville . . . The Middleville National Bank
M ilfo r d ........... The Milford National Bank
Millerton ....... The Millerton National Bank
Milton ............ The First National Bank of Milton
Mineola .......... The Central National Bank of
Mineola
Mineola ........... T h e First National Bank of Mineola
Mineola ..........^Nassau County Trust Company
Minoa ............ First National Bank of Minoa
Monticello . . . . The National Union Bank of
Monticello
Montour Falls. Montour National Bank in
Montour Falls
M ora v ia .......... The First National Bank of Moravia
Morris ............ The First National Bank of Morris
Morristown .. . The Frontier National Bank of
Morristown
Morrisville .. . The First National Bank of
Morrisville
Mount Kisco .. The Mount Kisco National Bank and
Trust Company
Mount Kisco .. *Trust Company of Northern
Westchester
Mount Morris .B Genesee River National Bank of
Mt. Morris
Mount Vernon
The First National Bank of
v Mount Vernon
Mount Vernon *Fleetwood Bank
Nanuet ........... Nanuet National Bank
New Berlin ... The National Bank of New Berlin
Newburgh . . . . Highland-Quassaick National Bank
and Trust Company of Newburgh
Newburgh . . . . National Bank of Newburgh
New Hartford . The First National Bank of
New Hartford

7

* State bank jnembei

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

px). (0501

M EM BER BANKS— SECOND F ED ERAL RESERVE D ISTRICT
New Paltz . . . .
New Rochelle .

The Huguenot National Bank of
New Paltz
The Central National Bank of
New Rochelle

New York City
The National Bronx Bank of
New York
The Bensonhurst National Bank of
Brooklyn in New York
♦Brooklyn Trust Company
The Flatbush National Bank of
Brooklyn in New York
The Fort Greene National Bank of
Brooklyn
The Kingsboro National Bank of
-Brooklyn in New York
Lafayette National Bank of Brook­
lyn in New York
The National Exchange Bank and
Trust Company of Brooklyn
in New York
The Peoples National Bank of
Brooklyn in New York
Borough of
♦The Amalgamated Bank of
Manhattan
New York
''♦Bankers Trust Company
-♦Bank of The Manhattan Company
"*Bank of New York and Trust
Company
'♦Bank of Yorktown
'"♦Central Hanover Bank and Trust
Company
The Chase National Bank of the
City of New York
'♦Chemical Bank & Trust Company
♦Clinton Trust Company
♦Colonial Trust Company
The Commercial National Bank and
Trust Company of New York
♦The Continental Bank & Trust
Company of New York
*Corn Exchange Bank Trust
Company
The Dunbar National Bank of
New York
♦Federation Bank & Trust Co.
♦The Fifth Avenue Bank of
New York
The First National Bank of the
City of New York
* Fulton Trust Company of New York
Grace National Bank of New York
''♦Guaranty Trust Company of
New York
v ♦The Harbor State Bank
'"♦Irving Trust Company
''"♦Manufacturers Trust Company
v*The Marine Midland Trust Company
of New York
"-♦The Merchants Bank
National Bank of Yorkville in
New York
Borough of
The Bronx
Borough of
Brooklyn

b

= Bank in Buffalo Branch territory




8

New York City (Continued)
The National City Bank of
New York
The National Safety Bank and Trust
Company of New York
♦The New York Trust Company
The Public National Bank and Trust
Company of New York
♦J. Henry Schroder Trust Company
Sterling National Bank & Trust
Company of New York
♦Trade Bank of New York
♦United States Trust Company of
New York
Borough of
College Point National Bank of
Queens
New York
The National Bank of Far Rockaway
The National Bank of Queens
County in New York
The Forest Hills National Bank of
New York
The Springfield Gardens National
Bank of New York
The Woodside National Bank of
New York
The Bayside National Bank of
New York
Borough of
The Mariner Harbor National Bank
Richmond
Staten Island National Bank & Trust
Company of New York
The Tottenville National Bank
N E W Y O R K STATE— (Continued)
Niagara Falls . B*Power City Trust Company
N ich o ls ........... The Nichols National Bank
North Creek .. The North Creek National Bank
Northport . . . . The First National Bank and Trust
Company of Northport
North
Syracuse . . . The North Syracuse National Bank
North
The First National Bank of
Tarry town ..
North Tarry town
N o rw ich ......... The Chenango County National
Bank and Trust Company
of Norwich
N o rw ich ......... The National Bank and Trust
Company of Norwich
N y a c k ........... . The Nyack National Bank and Trust
Company
Oceanside ___ The Oceanside National Bank
(P. O., Rockville Centre, N. Y.)
Odessa ........... x The First National Bank of Odessa
Ogdensburg .. ♦Ogdensburg Trust Company
Old Forge ___ The First National Bank of
Old Forge
Olean ..............B The Exchange National Bank of
Olean
Olean ..............B The First National Bank of Olean
Olean ..............B^01ean Trust Company
O n e id a ............"'■♦Madison County Trust & Deposit Co.
Oneida ............ The Oneida Valley National Bank
of Oneida
* State bank member

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

f d . 10501

MEMBER BANKS— SECOND F E D E R A L RESER VE D ISTRICT
N EW Y O R K STATEr-(Continued)

N EW Y O R K STATE— (Continued)

Poughkeepsie .

Merchants National Bank & Trust
Company of Poughkeepsie
Ravena ........... The First National Bank of Ravena
Red Hook . . . . The First National Bank of
Red Hook
R e d w o o d ........ The Redwood National Bank
Rhinebeck . . . . The First National Bank of
Rhinebeck
Richfield
The First National Bank of
S p rin gs.......
Richfield Springs
Riverhead . . . . The Suffolk County National Bank
of Riverhead
R ochester....... B The First National Bank and Trust
\ Company of Rochester
R ochester....... B*Lincoln-Alliance Bank and Trust
Company
Rockville
The Nassau County National Bank
C entre.........
of Rockville Centre
Rome .............. The Farmers National Bank and
x
Trust Company of Rome
Rome . . . . . . . . ♦Rome Trust Company
Roosevelt . . . . The First National Bank of
Roosevelt
R o s c o e ............ The First National Bank & Trust
Company of Roscoe
Roslyn ............ The Roslyn National Bank & Trust
Company
Roxbury . . . . . . The National Bank of Roxbury
Rye ................. The Rye National Bank
St. Johnsville . The First National Bank of
St. Johnsville
St. Regis Falls
The St. Regis Falls National Bank
Salem .............. The Salem National Bank
Saranac Lake . Adirondack National Bank and
Trust Company of Saranac Lake
Saranac Lake . The Saranac Lake National Bank
Saugerties___ The First National Bank & Trust
Company of Saugerties
Sayville .......... The Oystermen’s National Bank of
\ Sayville
Scarsdale........ *Caleb Heathcote Trust Company
Scarsdale........ Scarsdale National Bank and Trust
Company
Schenectady .. The Mohawk National Bank of
\ Schenectady
Schenectady .. *The Schenectady Trust Company
Schenectady .. The Union National Bank of
Schenectady
S chenevus___ The Schenevus National Bank
Schuylerville . The National Bank of Schuylerville
S ea ford ........... The Seaford National Bank
Sherburne ___ The Sherburne National Bank
Sherrill ........... The First National Bank of Sherrill
Sidney ............ First National Bank in Sidney
Silver Creek . .B The First National Bank of
Silver Creek
Silver Creek . .B The Silver Creek National Bank
Skaneateles ... National Bank and Trust Company
of Skaneateles
Smithtown
Branch ....... *Bank of Smithtown

O n eon ta ..........

The Citizens National Bank and
Trust Company of Oneonta
O n eon ta .......... The Wilber National Bank of
Oneonta
Orchard Park . B*The Bank of Orchard Park
Oriskany Falls /*The First Trust and Deposit
Company of Oriskany Falls, N. Y.
Ossining ........ The First National Bank and Trust
Company of Ossining
Oswego .......... First and Second National Bank and
Trust Company of Oswego
Owego ............ The First National Bank of Owego
Owego ............ The Owego National Bank
Painted Post .. The First National Bank of
Painted Post
Patchogue . . . . The -Peoples National Bank of
Patchogue
P a w lin g .......... The National Bank of Pawling
Pearl River . . . First National Bank and Trust
Company of Pearl River
Pearl Rioter . . . *State Bank of Pearl River, N. Y.
Perry -..............^*The Citizens Bank of Perry
Perry ..............B The First National Bank of Perry
Pine Plains . . . The Stissing National Bank of
Pine Plains
Pittsford ........B The Pittsford National Bank
Plattsburg . . . . Merchants National Bank in
Plattsburg
Plattsburg . . . . Plattsburg National Bank & Trust
Company
Pleasantville .. The First National Bank of
v Pleasantville
Pleasantville .. *Mount Pleasant Bank & Trust
Company
Poland ........... The Citizens National Bank of
Poland
Port Byron . .. The National Bank of Port Byron
Port Chester ., The First National Bank and Trust
Company of Port Chester
Port Chester .. ^Mutual Trust Company of
Westchester County
Port Jefferson . The First National Bank of
Port Jefferson
Port Jervis . . . . The First National Bank of
Port Jervis
Port Jervis . . . . The National Bank and Trust
Company of Port Jervis
Port
The Harbor National Bank of
Washington
Port Washington
Port
The Port Washington National
Washington
Bank and Trust Company
Potsdam ........ The Citizens National Bank of
Potsdam
Poughkeepsie . The Fallkill National Bank and
Trust Company of Poughkeepsie
Poughkeepsie . The Farmers and Manufacturers
National Bank of Poughkeepsie
Poughkeepsie . The First National Bank of
Poughkeepsie
b

= Bank in Buffalo Branch territory




9

* State bank jnember

Reproduced from the Unclassified I Declassified Holdings of the National A r c h i v e s ________________________________

T

DECLASSIFIED
Authority

D - (0

MEMBER BANKS— SECOND FE D E R A L RESERVE D ISTRICT
N EW YO RK STATE— (Continued)

N EW Y O R K STA TE— (Continued)
Southampton .

The First National Bank of
Southampton

South
Fallsburg ...
South Otselic .

The South Fallsburg National Bank
The Otselic Valley National Bank of
South Otselic
Sparkill .......... The First National Bank of Sparkill
Springville ... . B The Citizens National Bank of
Springville
Stamford . . . . . 1 The National Bank of Stamford
Stony Brook .. ^Bank of Suffolk County
S u ffern ............ The Stfffern National Bank and
v Trust Company
Syracuse ........*First Trust and Deposit Company
S yracu se......... Lincoln National Bank and Trust
Company of Syracuse
S yracuse......... The Merchants National Bank &
\ Trust Company of Syracuse
S yracuse.........*The Syracuse Trust Company
Tarry-town . . . . The Tarrytown National Bank and
Trust Company
Theresa .......... The Farmers National Bank of
Theresa
Troy ............... The Manufacturers National Bank
of Troy
Troy ................ The National City Bank of Troy
Troy ................ The Union National Bank of Troy
T u ck a h oe ....... The First National Bank & Trust
Company of Tuckahoe
Tully .............. The First National Bank of Tully
Tupper Lake .. The Tupper Lake National Bank
T u x e d o ........... The Tuxedo National Bank (P. O.,
Tuxedo Park, N. Y.)
Unadilla ......... The Unadilla National Bank
U t ic a ............... The Oneida National Bank and
x
Trust Company of Utica
U t ic a ............... *First Citizens Bank and Trust
Company of Utica
Valley Stream
Valley Stream National Bank and
Trust Company
Walden .......... The First National Bank and Trust
Company of Walden
Wallkill .......... The Wallkill National Bank
W a lt o n ........... The First National Bank and Trust
Company of Walton
Warrensburg . The Emerson National Bank of
Warrensburgh
W a r s a w ..........B The W yoming County National
Bank of Warsaw
W a r w ic k ........ The First National Bank of Warwick

Waterloo .......

The First National Bank of
Waterloo
Watertown . . . The Jefferson County National Bank
of Watertown
Watertown . .. *The Northern New York Trust
Company
Watertown . . . The Watertown National Bank
Waterville . . . . The National Bank of Waterville
Watervliet . . . . The National Bank of Watervliet
Watkins ------- Glen National Bank of Watkins
W a v e rly ......... The Citizens National Bank of
Waverly
W a v e rly ......... The First National Bank of Waverly
Wayland ........ The First National Bank of Wayland
Weedsport . . . . The First National Bank of
Weedsport
Wells .............. The Hamilton County National
\ Bank of Wells
W e stb u ry ....... *Bank of Westbury Trust Company
Westbury . . . . The Wheatley Hills National Bank
of Westbury
W estfield ........B The National Bank of Westfield
West
The W est Hempstead National
Hempstead .
Bank
Westport ....... The Lake Champlain National Bank
of Westport
West
Winfield . . . . The W est Winfield National Bank
W hitehall....... The Merchants National Bank of
\ Whitehall
White Plains .. "The County Trust Company
White Plains .. The Peoples National Bank and
Trust Company of White Plains
Whitesboro ... The Whitestown National Bank of
Whitesboro
Whitesville . . . B The First National Bank of
Whitesville
Whitney Point
The First National Bank of
Whitney Point
Williston Park
The Williston National Bank of
Williston Park
Willsboro . . . . The Essex County National Bank of
Willsboro
Windsor . . . . . The Windsor National Bank
Winthrop . . . . The First National Bank of
Winthrop
W olcott .......... The First National Bank of W olcott
Woodridge . . . The First National Bank of
Woodridge
Wyoming . . . . B The National Bank of Wyoming
Y on k ers.......... Central National Bank of Yonkers

Bank in Buffalo Branch territory




* State bank jnember

< b 4 "H

10

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ AX

(0501

NONM EMBER BANKS— SECOND FEDERAL RESERVE D ISTRICT

NONMEMBER BANKS
The following list of nonmember banks in the Second Federal Reserve District is based upon
the best information obtainable by the Federal Reserve Bank of New York.
CONNECTICUT
Bridgeport . ... American Bank & Trust Co.
Bridgeport . ... Black Rock Bank and Trust Co.
Bridgeport . . .. Bridgeport-City Trust Co.
Bridgeport .... Commercial Bank & Trust Co.
Bridgeport . ... North End Bank & Trust Co.
Bridgeport . ... West Side Bank
Bridgeport . . . T. L. Watson and Company
(Private Bankers)
Bridgeport . . .. James Staples and Company
(Private Bankers)
D a rien ...............Home Bank & Trust Co.
F airfield............Fairfield Trust Company
Greenwich, . . . . Greenwich Trust Co.
Greenwich . . . . Putnam Trust Co.
Norwalk . . . . . . Merchants Bank and Trust Co.
j Old Greenwich. Trust Company of Old Greenwich
Shelton .............Shelton Trust Co.
South Norwalk South Norwalk Trust Co.
Springdale
(Stamford) . Springdale Bank & Trust Co.
S tam ford .......... Fidelity Title & Trust Co.
Stamford . . . . . . Stamford Trust Co.
Stratford .......... Stratford Trust Co.
W e s tp o rt.......... Westport Bank & Trust Co.

N E W J ERSE Y — ( Continued)
Jersey City . . . Bessemer Trust Company
Jersey City . . . Corporation Trust Company
Jersey City . . . Trust Company of New Jersey
Jersey City . . . West Bergen Trust Company
K e y p o r t............ Keyport Banking Co.
Long Branch.. Long Branch Banking Co.
Long Branch. . Long Branch Trust Co
Long B ranch.. New Jersey Trust Co. of
Long Branch
L eon ia ................Leonia Bank & Trust Co.
Livingston . . . . Livingston State Bank
Madison ............Madison Trust Co.
Maplewood .. . Maplewood Bank & Trust Co.
M ataw an...........Matawan Bank
M etuchen....... .. Commonwealth Bank of Metuchen
•Montclair....... ...Essex Title Guaranty and Trust
Company
M ontclair....... ...Town Trust Company
Morristown . . . American Trust Co.
Neptune,
Township of. Neptune Bank & Trust Co.
N ew ark ........... ..D ’Auria Salvatore & Sons Bank
(Private Bank)
Newark .............Marzano State Bank and Trust
Company
Newark _______W est Side Trust Company
New Brunswick New Brunswick Trust Co.
Newton . . . . . . Newton Trust Co.
North Bergen. North Bergen Trust Co.
North Bergen
W oodcliff Trust Co.
P assa ic...............Passaic Park Trust Company
Paterson ...........Broadway Bank and Trust Co.
Paterson ............Citizens Trust Company
Paterson......... ...Franklin Trust Company of Paterson
Paterson ............Linares and Rescigno (Private
Banker)
Paterson,......... ...Merchants Trust Company
Paterson ............Peoples Park Bank
Paterson ............Riverside Trust Company
P aterson......... ...Security Trust Company
Paterson ............United States Trust Company
P eapa ck .............Peapack Gladstone Bank
Phillipsburg .. Phillipsburg Trust Company
R aritan...............Raritan State Bank
Ridgewood . . . North Jersey Trust Co.
Roselle P ark .. Roselle Park Trust Co.
Scotch Plains . First State Bank of Scotch Plains
Somerville . . . . Somerville Trust Co.
Summit .............Citizens Trust Co.
South Am boy.. South Amboy Trust Co.
Tenafly ........... ...Tenafly Trust Co.
Union City . . .. Commonwealth Trust Company
Union City . ... Hudson Trust Company
Union City . . .. Merchants Trust Company
Union C it y __ _Weehawken Trust and Title
Company

N E W JERSEY
B ayon n e......... .. Herman Klein (Private Banker)
B ayon n e......... .. Jerome G. Strabile (Private Banker)
Bayonne ........... Mechanics Trust Co.
Bound B rook .. Bound Brook Trust Co.
Califo n ..............Hunterdon County Trust Co.
Chatham . . . . . The Chatham Trust Co.
Cliff side Park . Cliff side Park Title Guaranty and
Trust Company
East Newark .. Harrison Kearny Trust Company
East Orange .. Ampere Bank and Trust Company
East Orange .. Essex County Trust Company
Elizabeth.......... Union County Trust Co.
Elizabeth.......... Elizabeth Trust Co.
Englewood . ... Palisades Trust & Guaranty Co.
Fair L a w n ___ _Fair Lawn-Radburn Trust Co.
F reehold........... The Freehold Trust Co.
Garfield ............Garfield Trust Co.
Guttenberg . . . Guttenberg Bank and Trust
Company
Hackensack ... Hackensack Trust Co.
H arrison............West Hudson County Trust Co.
Hawthorne . . . . Peoples Bank of Hawthorne
H illside........... ..Hillside Trust Company
Hoboken .......... Columbia Trust Company of
New Jersey
H o b o k e n ...........Home Trust Company
Irvin gton ...........Chancellor Trust Co.
Irvington ....... ..Irvington Trust Co.
Jersey City . . . Bergen Trust Company of N. J.




11

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

f t . 10501

NONM EM BER BANKS— SECOND FED ERAL RESERVE D ISTRICT
N EW JERSEY— (Continued)
V e r o n a ............
Washington .. .
Weehawken ...
W estN ew Y ork

N E W Y O RK STATE— (Continued)

Verona Trust Co.
Washington Trust Co.
Park Trust Company
The Trust Company of New Jersey
in West New York

Delevan . . . . . . B Bank of Delevan
D elm a r......... . Bank of Bethlehem
DeRuyter . . . . DeRuyter State Bank
Dobbs Ferry.. Dobbs Ferry Bank
D u n d e e ........... Dundee State Bank
East Aurora . . B Erie County Trust Company
East Hampton. Osborne Trust Company
East Syracuse. Bank of East Syracuse
Eden . . . . . . . . . B Bank of Eden
Elba . . . . ........B Bank of Elba
Ellenburg . . . . State Bank of Ellenburg
Ellicottville . . . B Bank of Ellicottville
Elmira . . . . . . . Bank of Elmira Heights
Evans M ills... Peoples Bank of Evans Mills
Fayetteville ... Fayetteville Commercial Bank
Fillmore .........B State Bank of Fillmore
Freeport . . . . . . Freeport Bank
F u lton ............. Oswego County Trust Company
Garden City .. Garden City Bank & Trust Company
Glen Cove . . . . Glen Cove Trust Company
Glove Cove . . . Nassau Union Bank
Governeur . . . . Bank of Governeur
G ow anda........B Bank of Gowanda
Great Neck . . . Bank of Great Neck
Great Neck . . . Great Neck Trust Company
Green Island.. Green Island Bank
Groveland . . . . B Groveland State Bank
H am burg........B Bank of Hamburgh
Haverstraw ... Peoples Bank of Haverstraw
Hempstead .. Hempstead Bank
Hilton ............. B State Bank of Hilton
Holland ..........B Bank of Holland
H o lle y .............B State Exchange Bank
Honeoye Falls.B State Bank of Honeoye Falls
H o rn e ll........... Steuben Trust Company
Hudson .......... Hudson River Trust Company
Huntington ... Bank of Huntington and Trust
Company
Huntington
S ta tio n ........ Huntington Station Bank
Jam estow n__ B Union Trust Company of Jamestown
Johnstown . . .. Johnstown Bank
Johnstown . . . . Peoples Bank of Johnstown
K en m ore........B Central Bank of Kenmore
K en m ore ........B State Bank of Kenmore
Lake Placid ... Bank of Lake Placid
LeRoy . . . . . . ; . Bank of LeRoy
Lindenhurst .. Lindenhurst Bank
Little Valley ..B Cattaraugus County Bank
L iverp ool........ Liverpool Bank
L o c k e .............. Citizens Bank of Locke
L o ck p o rt........B Lockport Exchange Trust Company
Locust Valley. Matinecock Bank of Locust Valley
L u zern e.......... Luzerne-Hadley Bank
Lyndenville . . . B Citizens State Bank of Lyndenville
M a d rid ............ Madrid Bank
Malvernei . . . . . Bank of Malverne
Manlius . . . . . . Bank of Manlius
Massena ......... Massena Banking & Trust Company
Medina ........... Medina Trust Company
Middletown . . . Orange County Trust Co.

N EW Y O R K STA TE
A k r o n ..............B Bank of Akron
A lb a n y ............ Garmano P. Baccelli
(Private Banker)
A lb a n y ............ Mechanics and Farmers Bank
A lb io n .............B Orleans County Trust Company
Alden ..............B Alden State Bank
Alfred .............B University Bank
A m ityville___ Bank of Amityville
Andover ......... B Andover State Bank
A n g e lica .........B B^nk of Angelica
A n tw erp ......... Bank of Antwerp
Arcade . . ........ B Citizens Bank of Arcade
A r k p o r t.......... Arkport State Bank
Arlington ....... Vassar Bank
Attica . . ............8 Bank of Attica
A t t ic a ..............B Citizens Bank of Attica
A u b u rn ........... Auburn Trust Company
A u b u rn ............ Seward, Wm. H. & Co.
(Private Bankers)
Ausable Forks. Bank of Ausable Forks
B a b y lon .......... Bank of Babylon
Baldwin _____ Peoples State Bank of Baldwin
Baldwinsville . Baldwinsville State Bank
B a tav ia ........... B Bank of Batavia
B a t h ................ Farmers and Mechanics Trust
Company
B a ysh ore........ South Side Bank of Bayshore
Belfast . . . . . . . B Bank of Belfast
Berlin ............. Taconic Valley Bank
Bolivar ........... B State Bank of Bolivar
Broadalbin .... Broadalbin Bank
Brocton . . . . . . .B Bank of Brocton
Bronxville . . . . Bronxville Trust Company
Cape V in cen t.. Citizens Bank of Cape Vincent
Castile............. B Bank of Castile
Cattaraugus . . . B Bank of Cattaraugus
Chestertown .. Chester-Schroon-Horricon Bank
Churchville . ..B State Bank of Churchville
Cicero ............. Cicero State Bank
Clarence..........B Bank of Clarence
C lyd e............... Citizens Trust Company
Cobbleskill . . . Farmers & Merchants Bank of
Cobbleskill
C o h o e s............ Manufacturers Bank of Cohoes
Corfu . . . . . . . . . B Bank of Corfu
Corning . . . . . . Corning Trust Company
C orn in g .......... North Side State Bank
Cortland ........ Cortland Trust Company
Crown P o in t.. Wyman, J. W ., et al
(Private Bankers)
Dalton ............ Moses, Grant E., et al
(Private Bankers)
D an sville........B Citizens Bank & Trust Company
b=

Bank in Buffalo Branch territory




12

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

X)« (0 - ^ |

NONM EM BER BANKS— SECOND FED ERAL RESERVE D ISTRICT
N E W Y O R K STATE— (Continued)

N E W Y O R K STATE— (Continued)

M illb rook .......
Monroe ...........
Monticello . . . .
Naples ............

Bank of Millbrook
Citizens Bank of Monroe
Sullivan County Trust Company
Maxfield, Dennison H., et al (The
Hiram Maxfield Bank) (Private
Bankers)
Naples . . . . . . . . Granby, J. W ., et al (Private
Bankers) (Geo. R. Granby & Son)
Newfane . . . . . . B State Bank of Newfane
Newburgh . . . . Columbus Trust Company
New
Hyde P a rk .. Bank of New Hyde Park
New Rochelle . Huguenot Trust Company
New Rochelle . New Rochelle Trust Company

Nunda ...........

De Puy, F. J., et al (Peter De Puys
Banking House) (Private Bankers)
O akfield........ :.B Exchange Bank
Ogdensburg .., Frank’s Sons, Nathan
(Private Bankers)
Ontario . . . . . . State Bank of Ontario
Ossining ........ Ossining Trust Company
Oyster Bay . . . North Shore Bank Trust Company
Oyster Bay . . . Oyster Bay Trust Company
Palmyra . . . . . . , Wayne County Trust Company
P arish .............. State Bank of Parish
Pavillion ........B Pavillion State Bank
Penn Y an........B Citizens Bank of Penn Yan
Penn Y a n ....... Baldwins Bank of Penn Yan
Philadelphia ... Bank of Philadelphia
P h o e n ix .......... Phoenix Bank
Port Chester... Kavovitz, A. H. & L.
(Private Bankers)
Port Jefferson. Bank of Port Jefferson
Potsdam ......... Peoples Bank of Potsdam
Poughkeepsie . Poughkeepsie Trust Company
Poughkeepsie . Bartolo Barone (Private Banker)
Prattsburgh ... Prattsburgh State Bank
Randolph ....... B State Bank of Randolph
Rensselaer ___ Rensselaer County Bank & Trust
Company
Richmondville
Bank of Richmondville
Riverhead....... Long Island State Bank & Trust
Company
R iverh ead___ Suffolk County Trust Company
Rochester ___ B Central Trust Company
Rochester ___ B Genesee Valley Trust Company
Rochester . . . .B Rochester Trust and Safe Deposit
Company
R och ester....... B Security Trust Company
R ochester....... B Sconfietti & Gioia (Private Banker)
R och ester....... B Union Trust Company
Rockville
C en ter......... Bank of Rockville Center Trust
Company
Rockville
Center . . . . . . South Shore Trust Company
Rushford''........B State Bank of Rushford
Rushville ....... Rushville State Bank
R y e .................. Rye Trust Company
Salamanca___ B Salamanca Trust Company
Saratoga
Springs ....... Adirondack Trust Company
Saugerties . . . . Saugerties Bank
Sayville .......... Community Trust Company
Schenectady .. Citizens Trust Company
Schoharie ___ Schoharie County Bank
S c o tia ............. Glenville Bank
Sea C l if f ......... State Bank of Sea Cliff
Seneca Falls .. Seneca County Trust Company
Seneca Falls .. State Bank of Seneca Falls
Shortsville ___ State Bank of Shortsville
S n y d e r............B Bank of Snyder
Solvay ............ Solvay Bank
Southampton .. Southampton Bank
Southold . . . . . . Bank of Southold

New York City
Borough of
Manhattan

Borough of
Brooklyn
Borough of
Queens
Borough of
The Bronx
Borough of
Richmond

Anglo South American Trust Co.
Banca Commerciale Italiana Trust
Co.
Banco Di Napoli Trust Company
Bank of Athens Trust Co.
Bank of Sicily Trust Company
City Bank Farmers Trust Company
Corporation Trust Company
County Trust Company of
New York
Empire Trust Company
Equitable Trust Company
Fiduciary Trust Company
Hellenic Bank Trust Company
Hias Immigrant Bank
Lawyers Trust Company
Pennsylvania Exchange Bank
R. H. Macy & Co. (Private Bankers)
Title Guarantee & Trust Company
Trust Company of North America
Underwriters Trust Company
Enrico Viggiani (Private Bankers)
Citizens Bank, Brooklyn
Kings County Trust Company
J. Lehrenkrauss & Co. (Private
Bankers)
Boulevard Bank, Forest Hills
Bronx County Trust Company
South Shore Bank of Staten Island,
Richmond
W est New Brighton Bank of
Richmond

N EW Y O R K STATE— (Continued)
North Java . . .

Humphrey, W . J., et al (North Java
Co.) (Private Bankers)
Northport Trust Company

N o rth p o rt___
North
Tonawanda . B State Trust Company
North v ille ....... Northville Bank
Norwood . . . . . State Bank of Norwood
b

= Bank in Buffalo Branch territory




13

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

<0 ♦ ( 0 5 0 1

NONM EM BER BANKS— SECOND FED ERAL RESERVE D ISTRICT
N EW Y O R K STA TE— (Continued)
Spencer ..........

Farmers & Merchants Bank of
Spencer
Springville . . . . B Farmers Bank of Springville
Suffern ........... Lafayette Trust Company
S y o s s e t........... Bank of Syosset
Tarry town . . . . Washington Irving Trust Company
Tonawanda .. .B First Trust Company of Tonawanda
Troy ................ Troy Trust Company
W a rs a w ..........B Trust Company of W yom ing County
b

Waterford . . . . Bank of Waterford
Watkins Glen.. Watkins State Bank
W ellsville....... B First Trust Company
Westhampton
Beach ......... Seaside Bank
White P lains.. Citizens Bank of White Plains
Williamson . . . State Bank of Williamson
Williamsville . B Bank of Williamsville
Worcester . . . . Bank of Worcester
Y on k ers.......... Westchester Trust Company

= Bank in Buffalo Branch territory




14

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p d .

10501

SAVINGS BANKS— SECOND FED ERAL RESERVE D ISTRICT

SAVINGS BANKS
The following list of nonmember banks in the Second Federal Reserve District is based upon
the best information obtainable by the Federal Reserve Bank of New York.
N EW YO RK STATE— (Continued)
Auburn .......... Cayuga County Savings Bank
B e a co n ......... . Matteawan Savings Bank
B e a co n ............ The Mechanics’ Savings Bank
Binghamton . . Binghamton Savings Bank
Brewster ........ Putnam County Savings Bank
Buffalo ...........B Buffalo Savings Bank
Buffalo ...........B Erie County Savings Bank
Buffalo ...........B The Western Savings Bank
Catskill . . . . . . . Catskill Savings Bank
Cohoes ............ Cohoes Savings Bank
Cohoes ........... Mechanics’ Savings Bank
Cornwall-onthe-Hudson . The Cornwall Savings Bank
Cortland ......... Cortland Savings Bank
Dobbs Ferry. .. The Greenburg Savings Bank
Ellenville ....... Ellenville Savings Bank
Elmira ......... . The Elmira Savings Bank
Fishkill ........... Fishkill Savings Institute
F u lto n ............. Fulton Savings Bank
G eneva............ Geneva Savings Bank
G osh en ............ Goshen Savings Bank
H u d so n ........... Hudson City Savings Institution
Ithaca ............. Ithaca Savings Bank
Kingston ........ Kingston Savings Bank
Kingston ........ Rondout Savings Bank
K in g sto n ........ Ulster County Savings Institution
Lockport ........b Farmers and Mechanics’ Savings
Bank of the City of Lockport
Mamaroneck
The Union Savings Bank of
Westchester County
Middletown . .. Middletown Savings Bank
Mount Vernon. Eastchester Savings Bank
Newburgh
Newburgh Savings Bank
New Paltz
New Paltz Savings Bank
New Rochelle.. People’s Bank for Savings of
New Rochelle, N. Y.

CONNECTICUT
Bridgeport . ... Bridgeport-Peoples Savings Bank
Bridgeport . ... City Savings Bank
Bridgeport . ... Mechanics & Farmers Savings Bank
Danbury ........... Savings Bank of Danbury
Danbury ...........Union Savings Bank
New Canaan.. New Canaan Savings Bank
Newtown ....... ...Newtown Savings Bank
Norwalk ............ Fairfield County Savings Bank
Norwalk ............ Norwalk Savings Society
Ridgefield . . . . Ridgefield Savings Bank
South Norwalk South Norwalk Savings Bank
Southport . . . . Southport Savings Bank
S tam ford........... Citizens Savings Bank
Stamford ........... Stamford Savings Bank
N E W JERSEY
Bloomfield . . . . Bloomfield Savings Institution
E lizabeth........... Germania Mutual Savings
Association
E lizabeth........... Mutual Savings Fund Harmonia
E lizabeth........... Union County Savings Bank
Hoboken ........... Hoboken Bank for Savings
Jersey City . . . Fifth Ward Savings Bank
Jersey City . . . Hudson City Savings Bank
Jersey City . . . Provident Institution for Savings
Montclair ....... ...Montclair Savings Bank
Morristown . .. Morris County Savings Bank
New Brunswick New Brunswick Savings Institution
N ew ark........... ...Dime Savings Institution
N ew ark........... ...Franklin Savings Institution
N ew ark........... ...Howard Savings Institution
N ew ark........... ...United States Savings Bank
O ra n g e ...............Orange Savings Bank
O ra n g e...............Half Dime Savings Bank
Paterson......... ...Paterson Savings Institution
Perth Amboy. . Perth Amboy Savings Institution
Plainfield...........Plainfield Savings Bank
Rahway .............Rahway Savings Institution
R aritan ........... ...Raritan Savings Bank
Somerville . . . . Somerville Savings Bank

N EW Y O R K CITY
Borough of the Bronx
Bronx Savings Bank, The, New York
Dollar Savings Bank, New York
North Side Savings Bank, New York

N EW YO RK STATE
A lb a n y ...............Albany County Savings Bank
A lb a n y ........... ...Albany Exchange Savings Bank
A lb a n y ...............Albany Savings Bank
A lb a n y ...............City Savings Bank of Albany
A lb a n y ...............Home Savings Bank of the City of
Albany
Albany ...............The Mechanics’ and Farmers’
Savings Bank
A lb a n y ...............The National Savings Bank of the
City of Albany
Amsterdam . . . Amsterdam Savings Bank
Auburn .............Auburn Savings Bank
b

= Bank in Buffalo Branch territory




Borough of Brooklyn
Bay Ridge Savings Bank, Brooklyn
Brevoort Savings Bank, Brooklyn
Brooklyn Savings Bank
Bushwick Savings Bank, The, Brooklyn
City Savings Bank of Brooklyn, The
Dime Savings Bank of Brooklyn, The
Dime Savings Bank of Williamsburgh, The, Brooklyn
East Brooklyn Savings Bank, Brooklyn
East New York Savings Bank, Brooklyn
Flatbush Savings Bank, Brooklyn
Fulton Savings Bank, Kings County, Brooklyn
15

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

f,x). (0501

SAVINGS. BANKS— SECOND FED ERAL RESERVE D ISTRICT
Borough of B^o61^h^^^p.tm ued)Greater New^SFb'rk'’Savings Bank, The, Brooklyn
Green-Point Savings Bank, The, Brooklyn
Hamburg Savings Bank,; Brooklyn
Kings County Savings Bank, The, Brooklyn
Kings Highway Savings Bank, Brooklyn
Lincoln Savings-Bank of Brooklyn, The
Prudential Savings Bank, Brooklyn
Roosevelt Savings Bank of the City of New York,
Brooklyn
South Brooklyn Savings Bank, Brooklyn
Williamsburgh Savings Bank, Brooklyn

Borough of Richmond
Richmond County Savings Bank, Wrest New Brighton
Staten Island Savings Bank, Stapleton
N EW Y O RK STATE— (Continued)
Niagara Falls..6 Niagara County Savings Bank
Ogdensburg ... St. Lawrence County Savings Bank
Oneida ............ Oneida Savings Bank
O ssin in g ......... The Bank for Savings of Ossining
Oswego .......... Oswego City Savings Bank
Oswego .......... Oswego County Savings Bank
Patchogue . . . . The Union Savings Bank of
Patchogue
P a w lin g .......... Pawling Savings Bank
P eekskill......... Peekskill Savings Bank
Port Chester. .. The Port Chester Savings Bank
Poughkeepsie . The Poughkeepsie Savings Bank
Rhinebeck . . . . Rhinebeck Savings Bank
Riverhead . . . . Riverhead Savings Bank
Rochester . . ..B The East Side Savings Bank of
Rochester
R och ester....... B Mechanics’ Savings Bank
R och ester....... 3 Monroe County Savings Bank
R ochester....... B Rochester Savings Bank
R o m e ............... The Oneida County Savings Bank
Rome ............... The Rome Savings Bank
Roslyn ............ Roslyn Savings Bank of Roslyn
Sag Harbor . .. Sag Harbor Savings Bank
Saugerties . . . . Saugerties Savings Bank
Schenectady . • Schenectady Savings Bank
Seneca Falls . . The Seneca Falls Savings Bank
Skaneateles . •. Skaneateles Savings Bank
S ou th old ......... The Southold Savings Bank
Syracuse ......... Onandago County Savings Bank
Syracuse ......... Syracuse Savings Bank
Tarrytown .... Westchester County Savings Bank
Troy ............... Troy Savings Bank
Utica ............... The Savings Bank of Utica
W a ld e n ........... Walden Savings Bank
Wappinger
Falls ............ Wappinger Savings Bank
Warwick ........ The Warwick Savings Bank
Watertown . .. Jefferson County Savings Bank
Watertown . . . Watertown Savings Bank
White Plains. . The Home Savings Bank
Y o n k e rs .......... People’s Savings Bank of
Yonkers, N. Y.
Y o n k e rs .......... Yonkers Savings Bank

Borough of Manhattan
American Savings Bank, New York
Bank for Savings in the City of New York, The
Bowery Savings Bank, The, New York
Broadway Savings Bank, New York
Central Savings Bank in the City of New York
Citizens Savings Bank, New York
Dry Dock Savings Institution, New York
East River Savings Bank, The, New York
Emigrant Industrial Savings Bank, New York
Empire City Savings Bank, New York
Excelsior Savings Bank, New York
Franklin Savings Bank in the City of New York, The
Greenwich Savings Bank, The, New York
Harlem Savings Bank, New York
Irving Savings Bank, The, New York
Manhattan Savings Institution, The, New York
Metropolitan Savings Bank, New York
New York Savings Bank, New York
North River Savings Bank, New York
Seamen’s Bank for Savings in the City of New York
Union Dime Savings Bank, New York
Union Square Savings Bank, New York
W est Side Savings Bank, New York
Borough of Queens
College Point Savings Bank
Flushing Savings Bank
Jamaica Savings Bank
Long Island City Savings Bank
Queensboro Savings Bank, Jamaica
Queens County Savings Bank, The, Flushing
Ridgewood Savings Bank
Rockaway Savings Bank, Far Rockaway
Savings Bank of Central Queens, Jamaica
Savings Bank of Richmond Hill
b

= Bank in Buffalo Branch territory




16

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

\:A).

(0 5 0 1

BSCbmfujsbSBOToSI

FORM F. R. 326

,

JAN 1 8 1950-

£ '/ # • -£

/ < *)
T

Da te
K ind

of

Ma t e r i a l

Name

or

Subject

~ tp

''

REMARKS:




J O ? ', / f a )

■ **& . . ’ ’ )

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

^

A)-

10501

F e d e ra l R eserve B ank
of

N

e w

Y

ork

March 20, 1933.

To All State Member Banks in the
Second Federal Reserve District Hot
Licensed to Besume Banking Operations:
For your information we quote below the text of a statement designated
as Inteipr etation No. 12 which the Federal Beserve Board has advised us today has
been issued by the Secretary of the Treasury,

For convenience in reference we

also quote below Regulation Ho* 27 to which Interpretation Ho. 12 refers.
Regulation Ho. 27 regarding operations of unlicensed state member banks.
"Any state banking institution which is a member of the Federal Beserre
System and which is not licensed by the Secretary of the Treasury to reopen
for the performance of usual banking functions may, with the approval of
the appropriate state authority having immediate supervision of such bank­
ing institution, permit withdrawals by depositors and make payments to
creditors of such percentage of the mounts due to them (not exceeding 5 per
cent) as it may determine, provided that at or before the time of such with­
drawal or payment it shall set aside and make available for such purpose a
fund for the benefit of and sufficient to pay to all depositors and credi­
tors the percentage so determined.
"This regulation shall not in any way affect any right created by
regulation Ho. 7 nor limit or restrict any payment thereby authorized.
"Any right to authorize withdrawals or payments under the terms of this
regulation shall terminate upon the appointment of any conservator, receiver
or other appropriate state official taking charge of the affairs of such
banking institutions."
Interpretation Ho. 12
"Regulation Ho. 27 is interpreted to permit any banking institution
acting thereunder to carry on such usual banking functions as may be essen­
tial to permit restricted withdrawals and payments authorized by such
regulation, subject to all of the provisions and restrictions therein con­
tained and except as otherwise prohibited."




Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

p X)- (OSOj

FEDERAL BS52EVE B M K
OF m

YORK
{ C j -X

•

J . J . '- 'i / /

(March 19, 1955«

)

PJEUUTIQNS ISSIXBD BY THE SECRETARY OF THE TRSASTTiiY UsFDSH THE
PRESIDENT «S PROCLAMATIONS DECLARING- /TO CONTINUING A M

HOLIDAY

To All Banking Institutions in tho
Second Federal Beserve District:
For your information, and supplementing our previous circulars on this
subject, v;e quote below the text of interpretation No. 11 which tho Federal “Reserve
Board has advised us has been issued by the Secretary of the Treasury, under tho
President’s proclamations of March 6 and 9, 1955, declaring and continuing a bank
holiday.

For convenience in reference we reprint regulation 12 to which inter-*

pr^tation 11 refers.
12

Regarding issuance of certificates against sound assets.
"Clearing house associations and other associations organized to provide
an adequately secured medium of temporary exchange, ore hereby permitted to
issue certificates against sound assets of banking institutions, such certi­
ficates to be deliverable by each institution to its creditors and depositors
on a pro rata basis, provided, however, that no such certificates shall be
issued before Friday, March 10, 1935, without the consent of the Secretary of
the Treasury addressed to the Clearing House or other association proposing to
issue such certificates, and further provided that this permission may be
revoked in the event that a national plan to meet the existing emergency is
proposed by the Secretary of the Treasury if in his opinion the success of such
plan would be inconsistent with the operation of the certificate plan.”
Interpretation No. 11
"Regulation No. 12 is not to be construed as permitting a banking insti­
tution, open for normal and usual functions under license of the Secretary
of the Treasury, to require depositors to accept dealing house certificates
or other evidences of claims against assets for all or any part of any with­
drawal requested,"
The Federal Reserve Board has also informed us of an advice by the

Comptroller of the Currency, which is given below following a reprint of Regulation
No. 7, to which the advice refers.
7

Authorizing special trust accounts, etc,
"Deposits heretofore received by any banking institution pursuant to agree­
ment or legislative authority providing for segregation and for repayment
without restriction may be paid on demand* Any banking institution which was
lawfully engaged in the business of receiving deposits prior to March 6, 1955,
may create special trust accounts for the receipt of new deposits which shall
^"^drawa! on demand without any restriction or limitation and




Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

px). (0501

2
Regulations Issued by the Secretary of the Treasury tinder t&e
(Circular No.1169)
President*s Proclamations Declaring and Continuing a Bank Holiday (March 19, 1933. )
7

Authorizing special trust accounts, etc, (Continued)
shall be kept separately in cash or on deposit in Federal Reserve Banks or in­
vested in obligations of the United States, Federal Reserve Banks may open
special accounts on their books for their member banks and temporarily for
nonmember banks and may receive in such special accounts the proceeds of now
deposits received by such banking institutions. In making deposits with the
Federal Reserve Bank pursuant to this regulation the depositing bank shall in
the case of each deposit indicate to the Federal Reserve Bank by symbol or
otherwise that the funds so deposited represent new deposits made under this
regulation. ITpon receipt of such deposits such Federal Reserve Bank shall
credit the same in the special account of the depositing bank herein provided
for and shall hold the some solely for the repayment to such bank. Federal
Reserve Banks shall permit the withdrawal of any part or all of such new de­
posits" by the depositing bonk without restriction provided that the depositing
bank shall in such order or request for withdrawal indicate to the Federal
Reserve Bank by symbol or otherwise that such withdrawal is to be made from such
special account, provided however that no bonking institution shall pay out or
permit the withdrawal of any gold or gold certificates."
"Office of Comptroller of Currency advises that, notwithstanding appoint­
ment of conservator for national bank under conservation act, deposits received
by such bank prior to appointment of conservator in special trust accounts
created under the provisions of regulation No, 7 of the Secretary of the Treasury
issued March 6, 1935, may be withdrawn upon demand without restriction or lim­
itation to the full extent of the amount of cash, Federal Reserve Bank balances
and proceeds of United States obligations in which such deposits have been kept
separate or invested in accordance with the provisions of said regulation No, 7.*"
We quote below the text of regulation No. 27, dated March 18, 1933, which

the Treasury Department has odvised us today has been issued by the Secretary of the
Treasury under the President’s proclamations of March 6, 1933, raid of M°rch 9, 1933,
declaring and continuing a bank holiday, and the executive order of March 10, 1933,
Regulation 27
"Any state banking institution which is a member of tho Federal Reserve
System and whiah is not licensed by the Secretary of the Treasury to reopen for
the performance of usual banking functions may, with the approval of the appro­
priate state authority having immediate supervision of such banking institution,
permit withdrawals by depositors and make payments to creditors of such per­
centage of the amounts due to them (not exceeding 5 per cent) as it may deter­
mine, provided that at or before the time of such withdrawal or payment it shall
set aside and make available for such purpose a fund for the benefit of and
sufficient to pay to all depositors and creditors' the percentage so determined.
"This regulation shall not in any way affect any right created’ by regula­
tion No. 7 nor limit or restrict any payment thereby authorized.
Any right to authorize withdrawals or payments under the terms of this
regulation shall terminate upon the appointment of any conservator, receiver
or other appropriate state official taking charge of the affairs of such bank­
ing institutions."




Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ A ). ( O S O l

3
Regulations Issued by the Secretary of the Treasury Under the
(Circular No. 1189)
President’s Proclamations Declaring and Continuing a Bank Holiday (March 19, 1933, )

As vie are advised of the issuance of further regulations and interpretations
by the Secretary of the Treasury under the President’s proclamations declaring and
continuing a bank holiday \?e vail forward the text thereof to banking institutions
in this district#




George L. Harrison,
Governor*

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

^ A)-

(0501

m

JAM 1 8

m

F e d e ra l R eserve Bank
of

N ew Y o rk
(Circular No* 1188)
(March 19, 1935* )

EMULATIONS ISSUED BY THE SECRETARY OF THE TREASURY IMP SB THE
PRESID37T *S PH? CLAMAT IONS DECLARING- AND CONTINUING- A BANK HOLIDAY

.To All Banking Institutions in the
Second Federal Beserve District:
For your information, and supplementing our previous circulars on this
subject, we quote below the text of a regulation viiich the Treasury Department has
advised us today has been issued by the Secretary of the Treasury under the
President’s proclamations of March 6, 1933, and of March 9, 1953, declaring and
continuing a bank holiday.

For convenience in reference we reprint the regula­

tions to which this regulation (Number 28, dated March 18, 1933) refers,
6

Permitting certain activities in connection with food or feed products.
"Any banking institution may handle and collect drafts or other
documents in connection with the shipment, transportation or delivery
of food or feed products, may pay out or permit the withdrawal of such
amounts of currency as shall be necessary in the judgment of such bank­
ing institution in connection with such shipment, transportation or
delivery of food or feed products, and may perform such other banking
functions as may be essential to the shipment, transportation or delivery
of food or feed products, provided, however, that no banking institution
shall pay out or permit the withdrawal of any gold or gold certificates.”
Interpretation No. 1
"You are authorized to inform all banking institutions and others
concerned that the term ffood or feed productsf ih regulation six, under
the President’s Proclamation, promulgated March 6, may be interpreted to
include livestock on the way to slaughter*”
Interpretation No. 6
"Food or feed products as used in regulation 6 may be construed as
including whole grain if such grain is intended for processing or con­
sumption in the immediate future,w




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

^ X)« (0 SOj

2
'Regulations Issued by the Secretary of the Treasury Under the
(Circular No* 1188)
' President *s Proclamations Declaring and Continuing A Bank Holiday (March 19, 19&3* )
10

Authorizing certain activities by national or state banking institutions*
"Any national or state banking institution may exorcise its usual bonking
functions to such extent as its situation shall permit and as shall be abso­
lutely necessary to meet the needs of its community for food, medicine, other
necessities of life, for the relief of distress, for the payment of usual
salaries and wages, for necessary current expenditures for the purpose of main­
taining employment, and for other similar essential purposes: provided,
however, that (1) every precaution shall be taken to prevent hoarding or the
unnecessary withdrawal of currency: (2) no state banking institution shall
engage in any transaction under this regulation which is in violation of state
or federal law or of any regulation issued thereunder: (3) no national bank­
ing association shall engage in any transaction under this section which is in
violation of any federal law or of any order or regulation issued by the
comptroller of the currency: and (4) no gold or gold certificates shall be
paid out. Each banking institution and its directors and officers will be
held strictly accountable for faithful compliance with the spirit and purpose
as well as the letter of this regulation.”
Interpretation No. 2
"Regulation Number Ten of March. Seven under the President’s Proclamation
of March Six is held to authorize payments on account cf pensions, workmen’s
compensation disability insurance, relief and unemployment."
Interpretation No. 5
"Regulation No* 10 issued under the President’s Proclamation is inter­
preted to authorize payments for fertilizer and for vegetable ond agricultural
seeds for spring planting, where such payments are absolutely necessary and
TKhare the seed and/or fertilizer are for immediate use."
Interpretation No* 7
"Release of funds for purchase of cotton where absolutely necessary to
maintain operation is interpreted as ’Necessary current expenditures for the
purpose of maintaining employment and for other similar essential purposes**
As used in regulation 10*w
Interpretation No* 9
"Regulation Nc. 10 issued under the President’s
preted to authorize payments for nursery stock where
absolutely necessary to prevent destruction of stock
1933, or prepared for and awaiting shipment on March
commitments."

proclamation is inter­
such payments are
in transit on March 6,
6, 1933, under bona fide

Regulation 28 - March 18, 1933
"After the close of business on Mr-rch 18, 1933, Treasury Regulation No. 6
and Treasury Regulation No. 10, as amended, shall be without force or effect to
authorize any bonking transaction therein referred to."
As we are advised of the issuance of further regulations and interpretations
by the Secretary of the Treasury under the President’s proclamations declaring and
continuing a bank holiday we will forward the text thereof to banking institutions
in this district*



G-oorgo L. Harrison,
Governor*

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

\#

p.d. ! 0 5 0 1

mm

r

RECT> IN FEJ5S SECTION j
I

JAN I 8 fjo,

F e d e ra l R eserve Bank
- 1 ... .............. .

of

N ew Y o r k

(Circular No. 1137)
(March 1 8 , 1955.
)

DmBMATIC'T CONCIF-NING WITHDRAWALS OF GOLD

To All Banks in the
Second Federal Reserve District:
A telegram has been received from the Federal Reserve Board amending the
request for information concerning gold withdrawals which was reported in circular
No. 1177,

The amendment postpones by ten days the.date on which the list of persons

who have withdrawn gold from the banks is to be closed and reported to the Federal
Reserve Board.

The message received today is as follows:

"It is requested that you prepare and forward to the Board
as soon as possible after March 27, 1953, as complete a list as can
be made from information you are able to obtain of the names and ad­
dresses of all persons who have withdrawn gold from your bank or a
member bank in your district since February 1, 1935, and who have not
redeposited it in a bank on or before March 27, 1935.”
The list which you were requested in circulars Nos. 1169 and 1177 to send
us should therefore be completed immediately after March 27, 1955.




George L. Harrison,.
Governor.

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ A)« ( 0 5 0 )

REC’D IN FILES SECTION
JAN 1 8 1S5GL

F ederal R eserve B an k
of

771,

C fe )

N ew Y o rk
(Circular No* 1186}
(March 18, 1955. }

REGULATIONS ISSUED BY THE SECRETARY OF THE TREASURY UNDER THE
PRESIDENT'S PROCLAMATION DECLARING A BANK HOLIDAY
To All Banking Institutions in the
Second Federal Reserve District:
For your information, and supplementing our previous circulars on this
subject, we quote below the text of a regulation which the Federal Reserve Board
has advised us today has been issued by the Secretary of the Treasury under the
President's proclamations of March 6 and 9, 1953, declaring and continuing a bank
holiday.

For convenience in reference we reprint the regulations to which this

regulation refers,

7 Authorizing special trust accounts, etc<
"Deposits heretofore received by any banking institution pursuant
to agreement or legislative authority providing for segregation and for
repayment without restriction may be paid on demand. Any banking insti­
tution which was lawfully engaged in the business of receiving deposits
prior to March 6, 1953, may create special trust accounts for the receipt
of new deposits which shall be subject to withdrawal on demand without
any restriction or limitation and shall be kept separately in cash or
on deposit in Federal Reserve Banks or invested in obligations of the
United States, Federal Reserve Banks may open special accounts on their
books for t.heir member banks and temporarily for nonmember banks and may
receive in such special accounts the proceeds of new deposits received by
such banking institutions. In making deposits with the Federal Reserve
Bank pursuant to this regulation the depositing bank shall in the case of
each deposit indicate to the Federal Reserve Bssik by symbol or otherwise
that the funds so deposited represent new deposits made under this regu­
lation. Upon receipt of such deposits such Federal Reserve Bank shall
credit the same in the special account of the depositing bank herein
provided for and shall hold the same solely for the repayment to such
bank. Federal Reserve Banks shall permit the withdrawal of any part or
all of such new deposits by the depositing bank without restriction pro­
vided that the depositing bank shall in such order or request for with­
drawal indicate to the Federal Reserve Bank by symbol or otherwise that
such withdrawal is to be made from such special account, provided
however that no banking institution jhall pay out or permit the with­
drawal of any gold or gold certificates,"
1



' ' 'j

>

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority E - P . ( 0 5 0 1

2
Regulations Issued by the Secretary of the Treasury Under the (Circular No. 1186)
Presidents Proclamation Declaring a Bank Holiday.
(March 18, 1933. )

15

23

"The permission granted in jRegulation Number 7 that deposits heretofore
received by any banking institution pursuant to agreement or legislative
authority providing for segregation and repayment without restriction may
be paid on demand, includes any bank in which any such deposits have been
redeposited by or on behalf of the receiving bank in accordance with such
agreement or legislative authority."
"No"banking institution shall permit any -withdrawal by any person when
sucrh institution, acting in good faith, shall deem that the withdrawal is
intended for hoarding. Any banking institution, before permitting the
withdrawal of large or unusual amounts of currency, may require from the
^ person requesting such withdrawal, a full statement under oath of the
purpose for which the currency is requested,"

New Regulation
"Deposits of the kinds described in Regulations Number 7 and Number 15
are not subject to the provisions of Regulation Number 23*"
i

As we are advised of the issuance of further regulations and interpretations
by the Secretary of the Treasury under the President's proclamations declaring and
continuing a bank holiday we will forward the text thereof to banking institutions
in this district*




George L. Harrison,
Governor*

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p d . ( 0 5 0 1

REC'O IN FILES SECTION

^

NOV 2 - 1 9 4 0 , ^

H 1 6

#

*

F ederal R eserve B an k
of

N ew Y ork

(Circular No. 1185)
(March 18, 1933. )

EXECUTIVE ORDER ISSUED BY PRESIDENT OF UNITED STATES
MARCH 18, 1933

To All Banking Institutions in the
Second Federal Reserve District:
For your information we quote below the text of an executive order
issued by the President of the United States on March 18, 1955:
"Whenever the appropriate authority having immediate
supervision of any banking institution located in any state or
place subject to the jurisdiction of the United States, which
is a member of the Federal Reserve System and which has not
been licensed by the Secretary of the Treasury to resume its
usual banking functions, shall deem it necessary or advisable
in order to conserve the assets of such banking institution
for the benefit of the depositors or other creditors, such
authority may, in accordance with the provisions of the applic­
able laws of such state or place, appoint such appropriate
official as may be authorized under such laws to conserve the
assets of such banking institution pending further disposition
of its business as provided by such laws,
’’This order shall not authorize any such member bank
to reopen for the performance of usual and normal functions
until it shall have received a license from the Secretary of
the Treasury as provided in executive order of March 10, 1955,”




G-ecrge L , H a r r is o n ,
G o v e rn o r,

( f r/

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

(OSQi

FEDERAL RESERVE BANK
OF NEW YORK

List of Banking Institutions in the Second Federal Reserve District
Licensed to Resume Banking Operations

To all Banking Institutions in the •
Second Federal Reserve District:

For your information we are sending you herewith a list, arranged alphabetically
by states and cities, of all member banks in the Second Federal Reserve District which
thus far have been licensed to resume full banking operations in accordance with
executive orders of the President of the United States and regulations of the Secre­
tary of the Treasury. There also is included a list of all nonmember banking institu­
tions in the district which have been licensed to reopen for full banking operations
under the same orders and regulations, so far as information with regard to them has
been received from the respective state banking departments.
The lists have been prepared in three sections:
(1) Member banks.
(2) Nonmember state banks and trust companies.
(3) Savings banks.

Banking institutions whose names are prefixed with the capital letter B are
located in the territory assigned to our Buffalo Branch, which comprises the ten
westerly counties of New York State as follows: Allegany, Cattaraugus, Chautauqua,
Erie, Genesee, Livingston, Monroe, Niagara, Orleans, and Wyoming.
Each state bank member in the list of member banks is designated by an asterisk.
These lists contain the names of all banks which, according to advices received
thus far, have been reopened for the performance of their normal and usual functions.
Banking institutions which have not yet been licensed to reopen still are per­
mitted to continue to carry on the limited activities specified by regulations 1 to 19
of the Secretary of the Treasury, except that state banking institutions also may be
subject to restrictions imposed by state authorities.
For the present, weekly supplements to this circular will be published, contain­
ing the names of additional banking institutions which hereafter are licensed to open
for normal business.
These lists do not take the place of the par list.




G e o r g e L. H a r r i s o n ,

Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p d .

1 0 50 1

M EM BER BANKS— SECOND F ED ERAL RESER VE D ISTRICT

MEMBER BANKS
N E W JERSEY— (Continued)

CONNECTICUT
Bethel .........
Bridgeport ..
Danbury . . . .
East Port
Chester . . .
Greenwich ..
New Canaan.
Norwalk .
Ridgefield
South Norwalk
S ta m ford ........

Bradley Beach

The Bethel National Bank
The First National Bank and Trust
Company of Bridgeport
City National Bank & Trust
Company of Danbury
The Bryam National Bank of East
Port Chester (P.O., Port Chester,
N. Y.)
First National Bank in Greenwich
The First National Bank & Trust
Company of New Canaan
The National Bank of Norwalk
The First National Bank and Trust
Company of Ridgefield
The City National Bank of South
Norwalk
First-Stamford National Bank &
Trust Co.

Butler ..
Caldwell
Caldwell
Carteret
Cedar Grove
Clifton
Clifton
Clinton
Closter
Cranbury ...
Dover .........
Dover ....... .
Dumont
Dunellen . . .
Dunellen . . .
East Orange
East Orange
Eatontown .

N E W JERSEY
Allendale . . .
Allenhurst ..
Allentown ..
Asbury Park
Atlantic
Highlands
Bayonne . . .
Bayonne . . .
Belleville . . .
Belleville . . .
Belvidere ...
Bergenfield .
Bernardsville
Blairstown ..
Bloomfield ..
Bloomfield ..
Bloomfield ..
Bloomingdale
Bogota . . . . . .
B o g o t a ........
Boonton .....
Boonton . . . .
Bound Brook

The First National Bank of
Allendale
Allenhurst National Bank and Trust
Company
The Farmers National Bank of
Allentown
Asbury Park National Bank and
Trust Company
The Atlantic Highlands National
Bank
*Bayonne Trust Company
The Mechanics’ National Bank of
Bayonne
The First National Bank of
Belleville
Peoples National Bank and Trust
Company of Belleville
The First National Bank of
Belvidere
The Bergenfield National Bank and
Trust Company
The Bernardsville National Bank
The First National Bank of
Blairstown
*Bloomfield Bank and Trust
Company
*Community Trust Company of
Bloomfield
*The Watsessing Bank
The First National Bank of
Bloomingdale
*Bank of Bogota
The Bogota National Bank
The Boonton National Bank
*Boonton Trust Company
The First National Bank of
Bound Brook




Elizabeth ...
Elizabeth .. .
Elizabeth ...
Englewood .
Englishtown
Farmingdale
Flemirgton .
Flemington
Fort Lee
Franklin
Freehold
Freehold ..
Frenchtown
Garwood . . .
Glen Ridge .
Glen Rock ..
Hackensack .
Hackensack .
Hackensack .
Hackensack .
2

The First National Bank of
Bradley Beach
The First National Bank of Butler
The Caldwell National Bank
The Citizens National Bank and
Trust Company of Caldwell
Carteret Bank and Trust Company
The First National Bank of
Cedar Grove
The Clifton National Bank
The First National Bank of Clifton
The Clinton National Bank
Closter National Bank and Trust
Company
The First National Bank of
Cranbury
*The Dover Trust Company
The National Union Bank of Dover
The Dumont National Bank
The First National Bank of Dunellen
^People’s Trust Company
*East Orange Trust Co.
^Savings Investments & Trust Co.
The First National Bank of
Eatontown
^Central Home Trust Company of
Elizabeth, N. J.
*The Elizabethport Banking
Company
The National State Bank of
Elizabeth
The Citizens National Bank and
Trust Company of Englewood
The First National Bank of,
Englishtown
The First National Bank of
Farmingdale
The Flemington National Bank and
Trust Company
The Hunterdon County National
Bank of Flemington
*Fort Lee Trust Company
^Sussex County Trust Company
The Central National Bank of
Freehold
The First National Bank of Freehold
The Union National Bank of
Frenchtown
The First National Bank of Garwood
*Glen Ridge Trust Company
Glen Rock National Bank
The Bergen County National Bank
of Hackensack
The City National Bank and Trust
Company of Hackensack
*Peoples Trust and Guaranty
Company
*State Bank & Trust Company of
Hackensack, N. J.
♦ State bank member

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

^ AX

(050)

M EM BER BANKS— SECOND F E D E R A L RESERVE D ISTRICT
N E W JERSEY— (Continued)

N EW JERSEY— (Continued)
H a led on ..........
Hamburg ......

N e tco n g ..........

Haledon National Bank
The Hardyston National Bank of
Hamburg
The Harrison National Bank

Newark ............
Newark . . . . . . .
N ew ark...........
Newark . . . . . .

Harrison ........
Hasbrouck
Heights . . . . *Bank of Hasbrouck Heights
High Bridge ., The First National Bank of
High Bridge
Highland Park
The First National Bank of
Highland Park
H illsdale......... The Hillsdale National Bank
Hillside -----,. The Hillside National Bank
(P.O., Elizabeth, N. J.)
Hoboken ........ The First National Bank of Hoboken
H o p e ............... The First National Bank of Hope
Irvington ....... The Irvington National Bank
Irvington ....... The Peoples National Bank & Trust
Company of Irvington
Jersey City . . . . ^Commercial Trust Company of
New Jersey
Jersey City . . . . The First National Bank of
Jersey City
Jersey City . . . . The Franklin National Bank of
Jersey City
Jersey City . . . . Hudson County National Bank
Jersey City . . . . Journal Square National Bank of
Jersey City
Jersey City . . . . *The New Jersey Title Guarantee and
Trust Company
Kearny ........... Kearny National Banl^
Keyport .......... The Peoples National Bank of
Keyport
Lambertville
Amwell National Bank
Lambertville . . The Lambertville National Bank
Linden ........ . *Linden Trust Company
Little Falls . .. The Little Falls National Bank
Little Ferry ... The Little Ferry National Bank
Livingston . . . . Livingston National Bank
Lodi . . . . . . . . .
First National Bank in Lodi
M adison.......... The First National Bank of Madison
Manasquan .. . Manasquan National Bank
M anville......... The Manville National Bank
Matawan . . . . . The Farmers and Merchants
National Bank of Matawan
M ilfo r d ........... The First National Bank of Milford
Millburn ........ The First National Bank of Millburn
Milltown ........ The First National Bank of Milltown
M on tclair....... *Bank of Montclair
M on tclair....... The First National Bank and Trust
Company of Montclair (P. O.,
Upper Montclair, N. J.)
Montclair . . . . . The Montclair National Bank
M on tclair....... *Montclair Trust Company
M on tclair.......
The Peoples National Bank of
Montclair
Morristown ;.
The First National Bank of
Morristown
n
Morristown .. . ^Morristown Trust Company
Morristown ;
) The WationaLIIron Bank of':* Morristown




Newark ..........
N ew ark...........
N ew ark...........
Newark . . . . . . .
N ew ark...........
N ew ark...........
N ew ark...........
N ew ark...........
N ew ark......... ..

The Citizens National Bank of
Netcong
*Columbus Trust Company
* Federal Trust Company
^Fidelity Union Trust Company
*Franklin Washington Trust
Company
Lincoln National Bank of Newark
*Merchants and Newark Trust
Company of Newark, N. J.
The Mount Prospect National Bank
of Newark
The National Newark and Essex
Banking Company of Newark
The National State Bank of Newark
The Peoples National Bank of
Newark
*
The South Side National Bank and
Trust Company of Newark
Union National Bank in Newark
^United States Trust Company of
Newark

New Brunswick ..
New
Brunswick ..
Newton ..........

The National Bank of New Jersey
The Peoples National Bank of
New Brunswick
The Sussex and Merchants National
Bank of Newton
North Bergen . The First National Bank of
North Bergen
Nutley ............ *Bank of Nutley
Nutley ............ The First National Bank of Nutley :
Nutley .......... The Franklin National Bank of
Nutley
Oradell ........... The First National Bank of Oradell
Orange ........... The Second National Bank of
Orange
Orange ........... *The Trust Company of Orange
Park Ridge . . . The First National Rank .of
Park Ridge
Passaic ....... Passaic National Bank and Trust
Company
P aterson......... The First National Bank of Paterson
Paters o n ......... The Paterson National Bank
Paterson......... The Second National Bank of
Paterson
Perth Amboy . The Perth Amboy National Bank
Phillipsburg . . The Phillipsburg National Bank and
Trust Company
Phillipsburg .. The Second National Bank of
Phillipsburg
P lainfield........ The First National Bank of
Plainfield
Plainfield . . . . . *Mid-City Trust Company
Plainfield . . . . . The Plainfield National Bank ...
Plainfield . . . ... *The. Plainfield Trpst Company
Plainfield . . . . . *The State Trust Company
Prospect Park . The Prospect Park National Bank
(P. O.'Paterson; Ni J.)
Rahway .......... The Railway National Bank
3

* State bank member

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

a . (0501

MEMBER BANKS— SECOND FED ERAL RESER VE DISTRICT
N EW JERSEY— (Continued)

N E W Y O R K STA TE

Rahway
Ramsey

*Rahway Trust Company
The First National Bank and Trust
Company of Ramsey
Ridgefield
* Ridgefield ParkOverpeck Trust
Park . . . . . .
Company
Ridgewood ...
Citizens National Bank and Trust
Company of Ridgewood
Ridgewood ...
First National Bank and Trust
Company of Ridgewood
Rochelle Park
^Rochelle Park Bank, of Rochelle
Park, N. J.
Rockaway .
First National Bank in Rockaway
Roselle
The First National Bank of Roselle
Rutherford .
__The Rutherford National Bank
Rutherford .
*Rutherford Trust Company
Sayreville ..
The First National Bank of
Sayreville
Somerville . . .
The Second National Bank of
Somerville
South Amboy
The First National Bank of
South Amboy
South Orange
*South Orange Trust Company
South
The First National Bank of
Plainfield ..
South Plainfield
South River ..
The First National Bank of
South River
Springfield .. .
The First National Bank of
Springfield
S um m it.........
The First National Bank and Trust
Company of Summit
Summit
*The Summit Trust Company
Sussex ..
The Farmers National Bank of
Sussex
Teaneck
The Teaneck National Bank
Tenafly
The Northern Valley National
Bank of Tenafly
Union . . . . . .
The Union Center National Bank
Union City .
The First National Bank of
Union City
Weehawken
The Hamilton National Bank of
Weehawken
West
The W est Englewood National Bank
Englewood
The National Bank of Westfield
Westfield ...
Westfield ...
^Peoples Bank and Trust Company
of Westfield
Westfield ...
*The Westfield Trust Company
West Orange
The First National Bank of
W est Orange
Westwood ..
The First National Bank of
Westwood
Westwood ..
* Westwood Trust Company
Whippany ..
The First National Bank of
Whippany
W ood Ridge
The W ood Ridge National Bank
W yckoff . . . .
The First National Bank of
W yckoff
s = Bank in Buffalo Branch territory




Adams . . . . . ^Citizens and Farmers Trust
Company
Addison .......... The First National Bank of Addison
Afton .............. First National Bank of Afton
Albany ........... *First Trust Company of Albany
Albany . . . . . . . The National Commercial Bank and
Trust Company of Albany
Albany . . . . .. The New York State National Bank
of Albany
Allegany ........ B The First National Bank of Allegany
Amenia . . . . . . The First National Bank of Amenia
Amity ville . . . . First National Bank and Trust
Company of Amityville
Amsterdam . . . The Amsterdam City National Bank
Amsterdam . . . The Farmers National Bank of
Amsterdam
Amsterdam . .. The First National Bank of
Amsterdam
Amsterdam . . . *Montgomery County Trust Company
Andes .............. The National Bank of Andes
A n d o v e r ......... B The Burrows National Bank of
Andover
Angola ............B The Evans National Bank of Angola
Arcade . . . . . . . B The First National Bank of Arcade
Ardsley . . . . . . The First National Bank of Ardsley
Argyle ............ The National Bank of Argyle
A u b u rn ........... The Auburn-Cayuga National Bank
and Trust Company
Aurora ............ The First National Bank of Aurora
A v o c a ..............*Bank of Avoca
Babylon .......... The Babylon National Bank & Trust
Company
Bainbridge . . . . The First National Bank of
Bainbridge
Baldwin .......... The Baldwin National Bank and
Trust Company
Baldwinsville . The First National Bank and Trust
Company of Baldwinsville
Ballston Spa . . The Ballston Spa National Bank
£
Barker . . . . . . .B The Somerset National Bank of
™
Barker
B atavia........... B The First National Bank of Batavia
B atavia......... .B*Genesee Trust Company
Bath ................ The Bath National Bank
Bay Shore . . . . The First National Bank and Trust
Company of Bay Shore
B e a c o n ............ The Fishkill National Bank of
Beacon
Beacon . . . . . . . The Matteawan National Bank of
Beacon
Belfast ............B The First National Bank of Belfast
Bellerose ........ The First National Bank of
Bellerose
Bellmore . . . . . The First National Bank of Bellmore
B elm on t..........B*The State Bank of Belmont, N. Y.
Binghamton .. The City National Bank of
Binghamton
g
Binghamton .. The First National Banje of
£
Binghamton
4

* State bank member

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

p.d. 10501

M EM BER BANKS— SECOND F E D E R A L R E SER VE D ISTRICT
N E W Y O R K STATEr—(Continued)

N E W Y O R K S TA TE — (Continued)

Chatham ........* State Bank, Chatham, New York
Chester .......... The Chester National Bank
Clayton . . . . . . The First National Exchange Bank
of Clayton
Clinton ............ The Hayes National Bank of Clinton
Cobleskill . . . . The First National Bank of
Cobleskill
Cohocton ....... , *The Cohocton State Bank
Cohoes ............ The National Bank of Cohoes
Cold Spring ... The National Bank of Cold Spring
on Hudson
Cooperstown .. The First National Bank of
Cooperstown
Cooperstown .. The Second National Bank of
Cooperstown
Copenhagen .. The Copenhagen National Bank
Corning .......... First National Bank and Trust
Company of Corning
Cornwall ........ The Cornwall National Bank
C ortland......... The National Bank of Cortland
C ortland ......... Second National Bank and Trust
Company of Cortland
C oxsackie....... The National Bank of Coxsackie
Croghan ......... The Croghan National Bank
Croton on
The First National Bank of Croton
Hudson . . . .
on Hudson
Cuba ............... B The Cuba National Bank
Cuba ............... b The First National Bank of Cuba
Cutchogue . . . . The First National Bank of
Cutchogue
Dansville ....... B The Merchants and Farmers
National Bank of Dansville
D e lh i............... The Delaware National Bank of
Delhi
D ep osit........... The Farmers National Bank of
Deposit
Dexter ............ The First National Bank of Dexter
Dolgeville . . . . The First National Bank of
Dolgeville
Dover Plains .. The Dover Plains National Bank
Downsville .. . The First National Bank of
Downs ville
Dryden .......... The First National Bank of Dfyden
Dundee .......... The Dundee National Bank
D u n k irk ..........B*Dunkirk Trust Company
D u n k irk ..........B The Lake Shore National Bank of
Dunkirk
E a rlville....... . The First National Bank of Earlville
East Aurora . .B*The Bank of East Aurora
East Islip ___ The First National Bank of East
Islip
East
The Citizens National Ban,k of
Northport ..
East Northport
Eastport . . . . . . The Eastport National Bank
East
East Rockaway National Bank &
Rockaway ..
Trust Company
East Setauket . The Tinker National Bank of East
Setauket
Edmeston . . . . The First National Bank of
Edmeston

Binghamton

Marine Midland Trust Company of
Binghamton
B*Bank of Blasdeli
Blasdeli ..
B The First National Bank of Bolivar
Bolivar ...
Bolton National Bank of Bolton
Bolton
Landing
Landing"
The First National Bank of
Boonville .
Boonville
The National Exchange Bank of
Boonville .
Boonville
The First National Bank of
Brewsters ..
Brewsters
Bridgehampton The Bridgehampton National Bank
The Gramatan National Bank and
Bronxville ..
Trust Company of Bronxville
Buffalo
B*O berty Bank of Buffalo
B*The Marine Trust Company of
Buffalo
Buffalo
B The Niagara National Bank of
Buffalo
Buffalo
B*Manufacturers and Traders Trust
Buffalo
Company
The First National Bank of Cairo
Cairo . . . .
B The First National Bank of
Caledonia
Caledonia
The Cambridge Valley National
Cambridge
Bank
The First National Bank and Trust
Camden ..
Company of Camden
The Canajoharie National Bank
Canajoharie .
The Canandaigua National Bank and
Canandaigua
Trust Company
*Ontario County Trust Company
Canandaigua
The First National Bank of
Canastota ..
Canastota
The First National Bank of Candor
Candor .
*First State Bank of Canisteo, N. Y.
Canisteo
The First National Bank of Canton
Canton .
The St. Lawrence County National
Canton .
Bank of Canton
The Putnam County National Bank
Carmel .
of Carmel
Carthage National Exchange Bank
Carthage ..
The National Exchange Bank of
Castleton on
Castleton on Hudson
Hudson .
Catskill National Bank and Trust
Catskill . . . .
Company
The Tanners National Bank of
Catskill
Catskill
Cazenovia .,
The Cazenovia National Bank
Cedarhurst ..
The Peninsula National Bank of
Cedarhurst
Center
^Center Moriches Bank
Moriches .
The Central Islip National Bank
Central Islip .
The First National Bank of
Central Square
Central Square
The Central Valley National Bank
Central Valley
The Chappaqua National Bank
Chappaqua —
The First National Bank of
Chateaugay ..
Chateaugay
B — Bank in Buffalo Branch territory




5

* State bank member

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

.0 * ( 0 5 0 )

MEMBER BANKS— SECOND FED ERAL RESERVE D ISTRICT
N E W Y O R K STATE— (Continued)

N E W Y O R K STA TE— (Continued)
Ellenville . . . . .

The First National Bank and Trust
Company of Ellenville
Ellenville . . . . . The Home National Bank of
Ellenville
Elmira . . . . . . . *Chemung Canal Trust Company
Elmira ............ First National Bank & Trust
Company of Elmira
Elmira ............ Southside National Bank of Elmira
Elmsford . . . . . The First National Bank of
Elmsf ord
Endicott . . . . . . The Endicott National Bank
Endicott . . . . . . *Endicott Trust Company
Endicott
*Union Trust Company of Endicott
(P. O.— Union Station, N. Y.)
F a irp ort..........B Fairport National Bank and Trust
Company
Farmingdale .. *The Bank of Farmingdale
Farmingdale .. The First National Bank of
Farmingdale
Floral Park . . . The First National Bank and Trust
Company of Floral Park
Floral Park . . . *Floral Park Bank
Fonda ........... . The National Mohawk River Bank
of Fonda
Forestville . . . . B The First National Bank of
Forestville
Fort Edward .. The Fort Edward National Bank
Fort Plain . . . . The Fort Plain National Bank
F ran kfort....... Citizens First National Bank of
Frankfort
Franklin
Square ........ The Franklin Square National Bank
Franklinville . . B The Union National Bank of
Franklinville
Fredonia ........B*Citizens Trust Company of Fredonia,
New York
Fredonia ........B The National Bank of Fredonia
Freeport ........ The Citizens National Bank of
Freeport
Freeport ........ The First National Bank and Trust
Company of Freeport
Friendship ... . B The Union National Bank of
Friendship
F u lto n ............. Citizens National Bank and Trust
Company of Fulton
Fultonville . . . The Fultonville National Bank
Gainesville .. . B The Gainesville National Bank
Geneseo ..........B Genesee Valley National Bank and
Trust Company of Geneseo
Geneva ........... * Geneva Trust Company
Geneva ... . . . . The National Bank of Geneva
Glen Cove . . . . The First National Bank of
Glen Cove
Glen Head ..... The First National Bank of
Glen Head
Glens Falls . . . The First National Bank of
Glens Falls
Glens Falls . . . Glejis Falls National Bank and Trust
Company
b

— Bawk in Buffalo Branch territory




Gloversville .. .

City National Bank and Trust
Company of Gloversville
Gloversville ... The Fulton County National Banl
and Trust Company of
Gloversville
Gloversville ... *Trust Company of Fulton County
Goshen ........... The Goshen National Bank
Goshen ........... The National Bank of Orange
County of Goshen
Grand Gorge .. The First National Bank of
Grand Gorge
Granville ........ The Washington County National
Bank of Granville
Greene . . . . . . .
First National Bank in Greene
Greenport . . . . The First National Bank of
Greenport
Greenport ___ The Peoples National Bank of
Greenport
Greenwich . . . . The First National Bank of
Greenwich
Groton ........... The First National Bank of Grotoi
H a m den .......... The First National Bank of Hamdf
Hamilton ....... The National Hamilton Bank
Hammondsport *The Bank of Hammondsport
Hampton Bays
The Hampton Bays National Ban!
H a n cock ......... The First National Bank of Hancoi
Harrison ........ The First National Bank of Harris(
Hartsdale . . . . The Hartsdale National Bank
Hartwick ....... The Hartwick National Bank
Hastings-upon- The First National Bank of
Hudson . . . .
Hastings-upon-Hudson
Hempstead . . . The Second National Bank of
Hempstead
H erk im er....... The First National Bank of
Herkimer
Hicksvilie . . . . *Bank of Hicksville
Hicksville . . . . The Long Island National Bank oi
Hicksville
Highland ....... The First National Bank of
Highland
Hobart . . . . . . . The National Bank of Hobart
Holcomb ....... The Hamlin National Bank of
Holcomb
Holland
The First National Bank of
Patent ........
Holland Patent
Homer . . ........ The Homer National Bank
Hoosick Falls . The Peoples-First National Bank o
Hoosick Falls
Horseheads . . . The First National Bank of
Horseheads
H u d son ........... The Farmers National Bank of
Hudson
Hudson Falls . The Peoples National Bank of
Hudson Falls
Hudson Falls . The Sandy Hill National Bank of
Hudson Falls
Huntington . . . First National Bank and Trust
Company of Huntington
Ilion . . . . . . . . Ilion National Bank and Trust :
Company

6

* State bank merab

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

10501

MEMBER B A N K S -S E C O N D FE D E R A L RESER VE D ISTRICT
N E W Y O R K S T A T E — (Contihued)

N E W Y O R K S T A T E — ( Continued)

Interlaken .. <.

The Wheeler National Bank of
Interlaken
Inwood .......... The First National Bank of Inwood
Irvington ....... The Irvington National Bank and
Trust Company
Ithaca ............. The First National Bank of Ithaca
Ithaca . . . . . . . . *Ithaca Trust Company
Ithaca ............. The Tompkins County National
Bank
Jamestown .. B*Bank of Jamestown
Jamestown .. , B The First National Bank of
Jamestown
Johnson City .. *Workers Trust Company
K aton a h ......... *Northern Westchester Bank
Keeseville . . . . The Keeseville National Bank
Kenmore ........B The Fkst National Bank of
Kenmore (P. O., Hertel Station,
Buffalo, N. Y.)
Kerhonkson ... The Kerhonkson National Bank
Kinderhook ... The National Union Bank of
Kinderhook
Kingston.-........ First National Bank of Rondout
K in g s to n ........ ^Kingston Trust Company
K in g s to n ........ The Rondout National Bank of
Kingston
Kingston *.. . . The State of New York National
Bank
Lackawanna . . B Lackawanna National Bank
L a co n a ............ The First National Bank of Lacona
Lake George .. First National Bank of Lake George
Lake
The National Bank of
Ronkonkoma
Lake Ronkonkoma
Lancaster . . . . B The Citizens National Bank of
Lancaster
Liberty .......... The National Bank of Liberty
Liberty .......... The Sullivan County National Bank
of Liberty
Lindenhurst . . The First National Bank of
Lindenhurst
^ Little Falls . . . *The Herkimer County Trust
Company
Little Falls . . . The Little Falls National Bank
Livingston
The Livingston Manor National
Manor . . . . . .
Bank
L iv on ia ........... B The Stewart National Bank and
Trust Company of Livonia
L o c k p o r t........B Niagara County National Bank and
Trust Company
Long Beach ... The National City Bank of
Long Beach
Lowville ........ The Black River National Bank of
Lowville
Lowville ........ * Lewis County Trust Company
Lynbrook . . . . The Lynbrook National Bank &
Trust Company
Lynbrook . . . . The Peoples National Bank and
Trust Company of Lynbrobk
Lyons Falls ... The Lyons Falls National Bank
I Mahopac . . . . . The Mahopac National Bank
Malone ........... The Citizens National Bank of Malone
a'iaf Battfc in Buffalo Branch territory




Malone ...........

The Farmers National Bank of
Malone
Malone ........... *The Peoples Trust Company of
Malone
M anhasset---First National Bank and Trust
Company of Manhasset
Marathon . . . . . The First National Bank of
Marathon
The First National Bank of Marion
Marion ...........
Marlboro ....... The First National Bank of
Marlboro
Massena ........ The First National Bank and Trust
Company of Massena
Mattituck . .... The Mattituck National Bank and
Trust Company
May ville ........B*The State Bank of Mayville,
May ville, N. Y.
Merrick ......... The First National Bank of Merrick
Mexico . . . . . . . . The First National Bank of Mexico
Middleburgh .. The First National Bank of
Middleburgh
Middleville . . . The Middleville National Bank
M ilfo r d ........... The Milford National Bank
Millerton ....... The Millerton National Bank
Milton . . . . . . . . The First National Bank of Milton
Mineola .......... The Central National Bank of
Mineola
Mineola .......... The First National Bank of Mineola
Mineola ......... *Nassau County Trust Company
Minoa ............ First National Bank of Minoa
Monticello . . . . The National Union Bank of
Monticello
Montour Falls. Montour National Bank in
Montour Falls
Moravia . . . . . . The First National Bank of Moravia
Morris ............ The First National Bank of Morris
Morristown ... The Frontier National Bank of
Morristown
Morrisville . . . The First National Bank of
Morrisville
Mount Kisco .. The Mount Kisco National Bank and
Trust Company
Mount Kisco .. *Trust Company of Northern
Westchester
Mount Morris .B Genesee River National Bank of
Mt. Morris
Mount Vernon
The First National Bank of
Mount Vernon
Mount Vernon *Fleetwood Bank
Nanuet ........... Nanuet National Bank
New Berlin ... The National Bank of New Berlin
Newburgh . . . . Highland-Quassaick National Bank
and Trust Company of Newburgh
Newburgh . . . . National Bank of Newburgh
New Hartford . The First National Bank of
New Hartford
New Paltz . . . . The Huguenot National Bank of
New Paltz
New Rochelle . The Central National Bank of
New Rochelle
7

* State bank member

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^

L)> ( 0 5 0 )

MEMBER BANKS— SECOND FE D E R A L RESERVE D ISTRICT
New York City

Borough of
The Bronx
Borough of
Brooklyn

Borough of
Manhattan

b

The National Bronx Bank of
New York
The Bensonhurst National Bank of
Brooklyn in New York
* Brooklyn Trust Company
The Flatbush National Bank of
Brooklyn in New York
The Fort Greene National Bank of
Brooklyn
The Kingsboro National Bank of
Brooklyn in New York
Lafayette National Bank of Brook­
lyn in New York
The National Exchange Bank and
Trust Company of Brooklyn
in New York
The Peoples National Bank of
Brooklyn in New York
♦The Amalgamated Bank of
New York
♦Bankers Trust Company
♦Bank of The Manhattan Company
♦Bank of New York and Trust
Company
♦Bank of Yorktown
♦Central Hanover Bank and Trust
Company
The Chase National Bank of the
City of New York
♦Chemical Bank & Trust Company
♦Clinton Trust Company
♦Colonial Trust Company
The Commercial National Bank and
Trust Company of New York
*The Continental Bank & Trust
Company of New York
♦Corn Exchange Bank Trust
Company
The Dunbar National Bank of
New York
*Federation Bank & Trust Co.
♦The Fifth Avenue Bank of
New York
The First National Bank of the
City of New York
♦Fulton Trust Company of New York
Grace National Bank of New York
* Guaranty Trust Company of
New York
♦The Harbor State Bank
♦Irving Trust Company
♦Manufacturers Trust Company
♦The Marine Midland Trust Company
of New York
♦The Merchants Bank
National Bank of Yorkville in
New York
The National City Bank of
New York
The National Safety Bank and Trust
Company of New York

= Bank in Buffalo Branch territory




New York City (Continued)

l»orough of
Queens

Borough of
Richmond

♦The New York Trust Company
The Public National Bank and Trust
Company of New York♦J. Henry Schroder Trust Company
Sterling National Bank & Trust
Company of New York
♦Trade Bank of New York
♦United States Trust Company of
New York
College Point National Bank of
New York
The National Bank of Far Rockaway
The National Bank of Queens
County in New York
The Forest Hills National Bank of
New York
The Springfield Gardens National
Bank of New York
The Woodside National Bank of
New York
The Bayside National Bank of
New York
The Mariner Harbor National Bank
Staten Island National Bank & Trust
Company of New York
The Totten ville National Bank

N E W Y O R K S T A T E — (Continued)

Niagara Falls . B^Power City Trust Company
N ich o ls ........... The Nichols National Bank
North Creek .. The North Creek National Bank
Northport . . . . The First National Bank and Trust
Company of Northport
North
Syracuse . . . The North Syracuse National Bank
North
The First National Bank of
T arrytow n ..
North Tarrytown
N o rw ich ......... The Chenango County National
Bank and Trust Company
of Norwich
N o rw ich ......... The National Bank and Trust
Company of Norwich
N y a c k ............. The Nyack National Bank and Trust
Company
Oceanside . . . . The Oceanside National' Bank
(P. O., Rockville Centre, N. Y.)
Odessa ........... The First National Bank of Odessa
Ogdensburg .. ♦Ogdensburg Trust Company
Old Forge . . . . The First National Bank of
Old Forge
Olean ..............B The Exchange National Bank of
Olean
Olean ..............B The First National Bank of Olean
Olean ..............B^01ean Trust Company
Oneida . . . . . . . Madison County Trust & Deposit Co.
Oneida ............ The Oneida Valley National Bank
of Oneida
Madison County Trust and Deposit
Company
8

* State bank .member

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

^

A)* ( 0 5 0 )

M EMBER BANKS— SECOND FED ERAL RESER VE D ISTRICT
N E W Y O R K S T A T E — (Continued)

N E W Y O R K S T A T E — (Continued)

The Citizens National Bank and
Trust Company of Oneonta
The Wilber National Bank of
Oneonta
Oneonta
Orchard Park B*The Bank of Orchard Park
Oriskany Falls *The First Trust and Deposit
Company of Oriskany Falls, N. Y.
Ossining
The First National Bank and Trust
Company of Ossining
Oswego
First and Second National Bank and
Trust Company of Oswego
Owego ____
The First National Bank of Owego
Owego . . . . .
The Owego National Bank
Painted Post
The First National Bank of
Pointed Post
Patchogue ..
The Peoples National Bank of
Patchogue
Pawling . . .
The National Bank of Pawling
Pearl River
First National Bank and Trust
Company of Pearl River
** ■
Pearl River
*State Bank of Pearl River, N. Y.
Perry ........
B*The Citizens Bank of Perry
Perry . . . . .
B The First National Bank, of Perry
Pine Plains
The Stissing National Bank of
Pine Plains
Pittsford ..
B The Pittsford National Bank
Plattsburg .
Merchants National Bank in
Plattsburg
Plattsburg ..
Plattsburg National Bank & Trust
Company
Pleasantville
The First National Bank of
Pleasantville
Pleasantville
Mount Pleasant Bank & Trust
Company
Poland .......
The Citizens National Bank of
Poland
The National Bank of Port Byron
Port Byron .
The First National Bank and Trust
Port Chester
Company of Port Chester
Port Chester .. *Mutual Trust Company of
Westchester County
Port Jefferson . The First National Bank of
Port Jefferson
Port J e rv is ---- The First National Bank of
Port Jervis
Port J e rv is ___ The National Bank and Trust
Company of Port Jervis
Port
The Harbor National Bank of
Washington
Port Washington
Port
The Port Washington National
Bank and Trust Company
Washington
Potsdam ........ The Citizens National Bank of
Potsdam
Poughkeepsie . The Fallkill National Bank and
Trust Company of Poughkeepsie
Poughkeepsie . The Farmers and Manufacturers
National Bank of Poughkeepsie
Poughkeepsie . The First National Bank of
Poughkeepsie

Poughkeepsie .

Merchants National Bank & Trust
Company of Poughkeepsie
Ravena ....... ... The First National Bank of R,avena
Red Hook . . . . The First National Bank of
Red Hook
R e d w o o d ........ The Redwood National Bank
R h in ebeck ----- The First National Bank of
Rhinebeck
Richfield
The First National Bank of
Richfield Springs
S p rin gs.......
Riverhead . . . . The Suffolk County National Bank
of Riverhead
R ochester....... B The First National Bank and Trust
Company of Rochester
Rochester . . . . .B*Lincoln-Alliance Bank and Trust
Company
Rockville
The Nassau County National Bank
C en tre.........
of Rockville Centre
Rome .............. The Farmers National Bank and
Trust Company of Rome
Rome . . . . . . . . *Rome Trust Company
Roosevelt . . . . The First National Bank of
Roosevelt
Roscoe ............ The First National Bank & Trust
Company of Roscoe
Roslyn ........... The Roslyn National Bank &■ Trust
Company
R o x b u ry ......... The National Bank of Roxbury
Rye .. .............. The Rye National Bank
St. Johnsville . The First National Bank of
St. Johnsville
St. Regis Falls
The St. Regis Falls National Bank
Salem ............. The Salem National Bank
Saranac Lake . Adirondack National Bank and
Trust Company of Saranac Lake
Saranac Lake . The Saranac Lake National Bank
Saugerties . . . . The First National Bank & Trust
Company of Saugerties
Say ville . . . . . . The Oystermen’s National Bank of
Sayville
Scarsdale . . . . . *Caleb Heathcote Trust, Company
Scarsdale........ Scarsdale National Bank and Trust
Company
Schenectady .. The Mohawk National Bank of
Schenectady
Schenectady .. *The Schenectady Trust Company
Schenectady .. The Union National Bank of
Schenectady
Schenevus . . . . The Schenevus National Bank
Schuylerville . The National Bank of Schuylerville
S ea ford ......... . The Seaford National Bank
Sherburne ___ The Sherburne National Bank
Sherrill ........... The First National Bank of Sherrill
Sidney ............ First National Bank in Sidney
Silver Creek . .B The First National Bank of
Silver Creek
Silver Creek . .B The Silver Creek National Bank
Skaneateles ... National Bank and Trust Company
of Skaneateles
Smithtown
Branch ....... *Bank of Smithtown

Oneonta

B = Bank in Buffalo Branch territory




*9-

* State bank member

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

p

AX ( 0 5 0 }

M EM BER BANKS— SECOND FE D E R A L RESER VE D ISTRICT
N E W Y O R K STA TE— (Continued)
Southampton .

The First National Bank of
Southampton

South
Fallsburg . . .
South Otselic .

The South Fallsburg National Bank
The Otselic Valley National Bank of
South Otselic
Sparkill . . . . . . The First National Bank of Sparkill
Springville
, . B The Citizens National Bank of
Springville
Stamford . . . . . . The National Bank of Stamford
Stony Brook .. *Bank of Suffolk County
S u ffern ............ The Suffern National Bank and
Trust Company
Syracuse ........*First Trust and Deposit Company
Syracuse ,..
Lincoln National Bank and Trust
Company of Syracuse
S yracuse......... The Merchants National Bank &
Trust Company of Syracuse
S yracuse....... * *The Syracuse Trust Company
Tarrytown . . . . The Tarrytown National Bank and
Trust Company
Theresa .......... The Farmers National Bank of
Theresa
Troy ................ The Manufacturers National Bank
of Troy
T r o y ................ The National City Bank of Troy
T r o y ................ The Union National Bank of Troy
T u ck a h oe....... The First National Bank & Trust
Company of Tuckahoe
Tully .............. The First National Bank of Tully
Tupper Lake .. The Tupper Lake National Bank
T u x e d o ......... . The Tuxedo National Bank (P. O.,
Tuxedo Park, N. Y.)
Unadilla . __ __ The Unadilla National Bank
U t ic a ............. . The Oneida National Bank and
Trust Company of Utica
Utica ............... * First Citizens Bank and Trust
Company of Utica
Valley Stream
Valley Stream National Bank and
Trust Company
Walden .......... The First National Bank and Trust
Company of Walden
Wallkill . . . . . . . The Wallkill National Bank
W a lt o n ........... The First National Bank and Trust
Company of Walton
Warrensburg . The Emerson National Bank of
Warrensburgh
W a r s a w ..........B The W yoming County National
Bank of Warsaw
W a r w ic k ........ The First National Bank of Warwick
B = Bank in Buffalo Branch territory




N E W Y O R K STA TE — (Continued)
Waterloo .......

The First National Bank of
Waterloo
Watertown . . . The Jefferson County National Bank
of Watertown
Watertown . . . *The Northern New York Trust
Company
Watertown . . . The Watertown National Bank
Waterville . . . . The National Bank of Waterville
Watervliet . . . . The National Bank of Watervliet
Watkins . . . . . . Glen National Bank of Watkins
W a v e r ly ......... The Citizens National Bank of
Waverly
; .
W a v e r ly ......... The First National Bank of Waverly
W eed sp ort___ The First National Bank
Weedsport
Wells .............. The Hamilton County National
Bank of Wells
W e stb u ry ....... *Bank of Westbury Trust Company
Westbury . . . . The Wheatley Hills National Bank
of Westbury
W estfield ........B The National Bank of Westfield
W est
The W est Hempstead National
Hempstead .
Bank
Westport ....... The Lake Champlain National Bank
of Westport
West
Winfield . . . . The W est Winfield National Bank
W hitehall....... The Merchants National Bank of
Whitehall
White Plains .. *The County Trust Company
White Plains .. The Peoples National Bank and
Trust Company of White Plains
Whitesboro ... The Whitestown National .Bank of
Whitesboro
Whitesville ... * The First National Bank o£
Whitesville
/;
Whitney Point
The First National Bank of
Whitney Point
Williston Park
The Williston National Bank of
Williston Park
Willsboro
The Essex County Natidnal Bank of
Willsboro
f:Hr' '
Windsor
The Windsor National Bank
Winthrop
The First National Bank- of
Winthrop
W olcott ..
The First National Bank of W olcott
Woodridge
The First National Bank of
Woodridge
W yoming
J The National Bank of W yom ing
Yonkers ..
Central National Bank of Yonkers

oi

* State bank member

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

^ A) ♦ ( 0 SO 1

NONM EM BER BANKS— SECOND FED ERAL RESERVE D ISTRICT

NONMEMBER BANKS
The following list of nonmember hanks in the Second Federal Reserve District is based npon
the best information obtainable by the Federal Reserve Bank of New York.
N E W JERSEY— (Continued)

C O N N E C T IC U T

Bridgeport
Bridgeport
Bridgeport
Bridgeport
Bridgeport
Bridgeport
Bridgeport

. ...
. ...
. ...
___
....
. ...
.

Bridgeport .
D a rien .............
Fairfield........
Greenwich . . .
Greenwich . . .
Norwalk . . . . . .
Old Greenwich.
Shelton .........
South Norwalk
Springdale
(Stamford)
Stamford . . . .
Stamford
Stratford . . . .
Westport . . . .

K e y p o r t .............Keyport Banking Co.
Long B ranch.. Long Branch Banking Co.
Long B ranch.. Long Branch Trust Co
Long Branch.. New Jersey Trust Co. of
Long Branch
Leonia . . . . . . . . Leonia Bank & Trust Co.
Madison ............Madison Trust Co.
Maplewood ..
Maplewood Bank & Trust Co.
M ataw an ---------Matawan Bank
M on tclair....... ...Essex Title Guaranty and Trust
Company
M ontclair....... ...Town Trust Company
Morristown .
American Trust Co.
Neptune,
Township of. Neptune Bank & Trust Co.
Newark .............Marzano State Bank and Trust
Company
Newark .............W est Side Trust Company
New Brunswick New Brunswick Trust Co.
Newton . . . . . . Newton Trust Co.
North Bergen. North Bergen Trust Co.
North Bergen
W oodcliff Trust Co.
P a ssa ic............... Passaic Park Trust Company
Paterson ...........Broadway Bank and Trust Co.
Paterson ............ Citizens Trust Company
Paterson ............Linares and Rescigno
Paterson ............ Peoples Park Bank
Paterson ............ Riverside Trust Company
Paterson ......... ... United States Trust Company
Peapack . . . . . . Peapack Gladstone Bank
Phillipsburg . . Phillipsburg Trust Company
Raritan............... Raritan State Bank
Ridgewood . . . North Jersey Trust Co.
Roselle Park.. Roselle Park Trust Co.
Somerville . . . . Somerville Trust Co.
Summit ............. Citizens Trust Co.
South Amboy.. South Amboy Trust Co.
Tenafly ........... ...Tenafly Trust Co.
Union City —
Commonwealth Trust Company
Union City . . .. Hudson Trust Company
Union City . . . . Merchants Trust Company
Union City . . .. Weehawken Trust and Title
Company
V e r o n a ................Verona Trust Co.
Washington ... Washington Trust Co.
Weehawken ... Park Trust Company

American Bank & Trust Co.
Black Rock Bank and Trust Co.
Bridgeport-City Trust Co.
Commercial Bank & Trust Co.
North End Bank & Trust Co.
West Side Bank
T. L. Watson and Company
(Private Bankers)
James Staples and Company
(Private Bankers)
Home Bank & Trust Co.
Fairfield Trust Company
Greenwich Trust Co.
Putnam Trust Co.
Merchants Bank and Trust Co.
Trust Company of Old Greenwich
Shelton Trust Co.
South Norwalk Trust Co.
Springdale Bank & Trust Co.
Fidelity Title & Trust Co.
Stamford Trust Co.
Stratford Trust Co.
Westport Bank & Trust Co.
N E W JE R SE Y

B a yon n e......... ...Herman Klein
B a yon n e....... .....Jerome G. Strabile
Bayonne ............Mechanics Trust Co.
Bound B rook .. Bound Brook Trust Co.
Calif o n ...............Hunterdon County Trust Co.
Chatham . . . .
The Chatham Trust Co.
East Newark . .Harrison Kearny Trust Company
East Orange .. Ampere Bank and Trust Company
East Orange . Essex County Trust Company
E lizabeth...........Union County Trust Co.
Elizabeth . . . .
Elizabeth Trust Co.
Englewood . ... Palisades Trust & Guaranty Co.
Fair Lawn . . . . Fair Lawn-Radburn Trust Co.
F reehold............The Freehold Trust Co.
Guttenberg . . . Guttenberg Bank and Trust
Company
Hackensack ... Hackensack Trust Co.
H arrison ............ West Hudson County Trust Co.
Hoboken . . . .
Columbia Trust Company of
New Jersey
Hoboken . . . . . Home Trust Company
Irvin gton ........... Chancellor Trust Co.
Irvington ....... ...Irvington Trust Co.
Jersey City . . . Bergen Trust Company of N. J.
Jersey City . . . Bessemer Trust Company
Jersey City . . . Corporation Trust Company
Jersey City . . . Trust Company of New Jersey
Jersey City . . . W est Bergen Trust Company
b

= Bank in Buffalo Branch territory




N E W YOR K STATE

A k r o n ..............B Bank of Akron
A lb a n y ...........
Garmano P. Baccelli
(Private Banker)
A lb a n y ............ Mechanics and Farmers Bank
A lb io n .............B Orleans County Trust Company
Alden ..............B Alden State Bank
11

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority 4rjX_[Q5c) J

NONM EM BER BANKS— SECOND FED ERAL RESERVE D ISTRICT
Fulton . . . . .
Oswego County Trust Company
Garden City
Garden City Bank & Trust Company
Glen Cove .
Glen Cove Trust Company
Glove Cove
Nassau Union Bank
Governeur .
Bank of Governeur
Gowanda ..
Bank of Gowanda
Great Neck
Bank of Great Neck
Green Island.. Green Island Bank
Groveland . . . . B Groveland State Bank
Hamburgh . . . . B Bank of Hamburgh
Haverstraw ... Peoples Bank of Haverstraw
Hempstead .... Hempstead Bank
Hilton ............. B State Bank of Hilton
Honeoye Falls.8 State Bank of Honeoye Falls
Holland ..........B Bank of Holland
H o lle y .............B State Exchange Bank
H o rn e ll........... Steuben Trust Company
Hudson .......... Hudson River Trust Company
Huntington ... Bank of Huntington and Trust
Company
Huntington
S ta tio n ........ Huntington Station Bank
Jamestown . . . . B Union Trust Company of Jamestown
Johnstown . ... Johnstown Bank
Johnstown . . . . Peoples Bank of Johnstown
K e n m o re ........B Central Bank of Kenmore
K e n m o re ........B State Bank of Kenmore
Lake Placid ... Bank of Lake Placid
LeRoy ........... Bank of LeRoy
Lindenhurst .. Lindenhurst Bank
Little Valley ..B Cattaraugus County Bank
Locke .............. Citizens Bank of Locke
L o ck p o rt........B Lockport Exchange Trust Company
Locust Valley. Matinecock Bank of Locust Valley
L u zern e .......... Luzerne-Hadley Bank
Lyndenville . . . B Citizens State Bank of Lyndenville
M a d rid ............ Madrid Bank
Manlius .......... Bank of Manlius
Massena ......... Massena Banking & Trust Company
Medina ........... Medina Trust Company
M illb rook ....... Bank of Millbrook
Monticelloi . . . . Sullivan County Trust Company
Monroe .......... Citizens Bank of Monroe
Naples . . . . . . . Manfield, Dennison H., et al (The
Hiram Maxfield Bank) (Private
Bankers)
Naples
Granby, J. W ., et al (Private
Bankers) (Geo. R. Granby & Son)
Newfane
State Bank of Newfane
Newburgh . . .
Columbus Trust Company
New
Bank of New Hyde Park
Hyde Park.
New Rochelle Trust Company
New Rochelle

N EW Y O R K ST A T E — (Continued)
Alfred . . . . . . . . B University Bank
Amityville . . . . Bank of Amityville
Andover ......... B Andover State Bank
Angelica .... . . . B Bank of Angelica
A r c a d e ............B Citizens Bank of Arcade
A r k p o r t.......... Arkport State Bank
Arlington ....... Vassar Bank
A t t ic a ............B Bank of Attica
A t t ic a ..............B Citizens Bank of Attica
x\uburn ........... Auburn Trust Company
A u b u rn ............ Seward, Wm. H. & Co.
(Private Bankers)
Ausable Forks. Bank of Ausable Forks
B a b y lo n .......... Bank of Babylon
Baldwin ■. *. . . . Peoples State Bank of Baldwin
Batavia ........... B Bank of Batavia
I^ith ................ Farmers and Mechanics Trust
Company
B a ysh ore........ South Side Bank of Bayshore
Belfast . . . . . . . B Bank of Belfast
Berlin . . . . . . . . Taconic Valley Bank
Bethlehem,
D elm ar........ Bank of Bethlehem
Bolivar ........... B State Bank of Bolivar
Broadalbin . ... Broadalbin Bank
Brockton . . . . . B Bank of Brockton
Bronxville . . . . Bronxville Trust Company
Cape Vincent . . Citizens Bank of Cape Vincent
Cattaraugus . . . B Bank of Cattaraugus
Chestertown .. Chester-Schroon-Horricon Bank
Churchville . ..B State Bank of Churchville
Cicero ............. Cicero State Bank
Clarence..........B Bank of Clarence
Cobbleskill . . . Farmers & Merchants Bank of
Cobbleskill
Cohocton ....... Cohocton State Bank
C o h o e s ............ Manufacturers Bank of Cohoes
Corfu ..............B Bank of Corfu
C o rn in g .......... Corning Trust Company
Corning .......... North Side State Bank
Cortland ........ Cortland Trust Company
Crown P o in t.. Wyman, J. W ., et al
(Private Bankers)
Moses, Grant E., et al
Dalton ___ __
(Private Bankers)
Dansville . . . , . B, Citizens Bank & Trust Company
Delevan . . . . . . B Bank of Delevan
DeRuyter . . . . DeRuyter State Bank
Dobbs F erry.. Dobbs Ferry Bank
D u n d e e ........... Dundee State Bank
East Aurora . . B Erie County Trust Company
East Hampton. Osborne Trust Company
E d e n ................® Bank of Eden
Elba ................B Bank of Elba
Ellenburg . . . . State Bank of Ellenburg
Ellicottville . ..B Bank of Ellicottville
Elmira . . . . . . . Bank of Elmira Heights
Evans Mil ls. ,. Peoples Bank of Evans Mills
Fillmore . . . . . . B State Bank of Fillmore
F reep ort......... Freeport Bank
B = Bank in Buffalo Branch territory




New York City

Borough of
Manhattan

12

Anglo South American Trust Co.
Banco Commerciale Italiana Trust
Co.
Banco Di Napoli Trust Company
Bank of Athens Trust Co.
Bank of Sicily Trust Company
City Bank Farmers Trust Company

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

(0 5 0 )

NONM EM BER BANKS— SECOND F ED ERAL RESERVE D ISTRICT
N EW Y O R K STATE— (Continued)

New York City (Continued)

Borough of
Manhattan

Borough of
Brooklyn
Borough of
Qugens
Borough of
The Bronx
Borough of
Richmond

Randolph ....... B State Bank of Randolph
Rensselaer . . . . Rensselaer County Bank & Trust
Company
Richmondville
Bank of Richmondville
Riverhead....... Long Island State Bank & Trust
Company
Riverhead . . . . Suffolk County Trust Company
Rochester . . . .B Central Trust Company
Rochester . . . . B Genesee Valley Trust Company
Rochester . . . .B Rochester Trust and Safe Deposit
Company
Rochester . . . .B Security Trust Company
Rochester . . . . . B Sconfietti & Gioia
Rochester . . . .B Union Trust Company
Rockville
C en ter......... Bank of Rockville Center Trust
Company
Rockville
C en ter......... South Shore Trust Company
R u sh ford ........B State Bank of Rushford
Rushville ....... Rushville State Bank
R y e ................. Rye Trust Company
Salamanca . . . .B Salamanca Trust Company
Saratoga
Springs ....... Adirondack Trust Company
Saugerties . . . . Saugerties Bank
Sayville .......... Community Trust Company
Schenectady .. Citizens Trust Company
Schoharie . . , . Schoharie County Bank
S c o tia ............. Glenville Bank
Sea Cliff . . . . . . State Bank of Sea Cliff
Seneca Falls .. Seneca County Trust Company
Seneca Falls .. State Bank of Seneca Falls
Shortsville . . . . State Bank of Shortsville
S n y d e r............B Bank of Snyder
Solvay ............ Solvay Bank
Southampton .. Southampton Bank
Southold . . . . . Bank of Southold
Spencer .......... Farmers & Merchants Bank of
Spencer
Springville . . . . B Farmers Bank of Springville
Suffern . . . . . . . Lafayette Trust Company
Syosset ........... Bank of Syosset
Tarrytown . . . . Washington Irving Trust Company
Tonawanda .. .B First Trust Company of Tonawanda
Troy ................ Troy Trust Company
W a rsa w ........, B Trust Company of W yom ing County
Waterford . . . . Bank of Waterford
Watkins Glen.. Watkins State Bank
Westhampton
Beach ....... . Seaside Bank
White Plains. . Citizens Bank of White Plains
Williamsville . B Bank of Williamsville
Worcester . . . . Bank of Worcester
Yonkers _____ Westchester Trust Company

Corporation Trust Company
County Trust Company of
New York
Empire Trust Company
Equitable Trust Company
Hellenic Bank Trust Company
Hias Immigrant Bank
Lawyers Trust Company
Pennsylvania Exchange Bank
R. H. Macy & Co. (Private Bankers)
Title Guarantee & Trust Company
Trust Company of North America
Underwriters Trust Company
Fiduciary Trust Company
Ent*ico Vigiani (Private Bankers)
Citizens Bank, Brooklyn
Kings County Trust Company
J. Lehrenkrauss & Co. (Private
Bankers)
Boulevard Bank, Forest Hills
Bronx County Trust Company
South Shore Bank of Staten Island,
Richmond
W est New Brighton Bank of
Richmond

N E W Y O R K S T A T E — (Continued)

North Java ..
Northport . . .
North
Tonawanda
Norwood
Nunda ..........
Ogdensburg
Ontario . . .
Ossining . .
Oyster Bay
Oyster Bay
Palmyra . . .
Pavillion ..
Penn Y a n . .
Penn Yan ..
Phoenix . ..
Port Chester
Port Jefferson,
Potsdam . . . . . .
Poughkeepsie ,
Poughkeepsie
Prattsburgh . .

Humphrey, W . J., et al (North Java
Co.) (Private Bankers)
Northport Trust Company
State Trust Company
State Bank of Norwood
De Puy, F. J., et al (Peter De Puys
Banking House) (Private Bankers)
Frank’s Sons, Nathan
(Private Bankers)
State Bank of Ontario
Ossining Trust Company
Northshore Bank Trust Company
Oyster Bay Trust Company
Wayne County Trust Company
Pavillion State Bank
Citizens Bank of Penn Yan
Baldwins Bank of Penn Yan
Phoenix Bank
Kavovitz, A. H. & L.
(Private Bankers)
Bank of Port Jefferson
Peoples Bank of Potsdam
Poughkeepsie Trust Company
Bartolo Barone (Private Banker)
Prattsburgh State Bank

B = Bank in Buffalo Branch territory




13

Reproduced from the Unclassified / Declassified Holdings of the National Archives

p.Q. (Q5Q|

DECLASSIFIED
Authority

SAVINGS BANKS— SECOND FE D E R A L RESERVE D ISTRICT

SAVINGS BANKS
The following list of nonmember banks in the Second Federal Reserve District is based upon
the best information obtainable by the Federal Reserve Bank of New York.
BOROUGH

C O N N E C T IC U T

Bridgeport .
Bridgeport .
Bridgeport .
Danbury . . .
Danbury . . .
New Canaan
Newtown .
Norwalk ..
Norwalk .,
Ridgefield
South Norwa
Southpori
Stamford .
Stamford .

Bridgeport-Peoples Savings Bank
City Savings Bank
Mechanics & Farmers Savings Bank
Savings Bank of Danbury
Union Savings Bank
New Canaan Savings Bank
Newtown Savings Bank
Fairfield County Savings Bank
Norwalk Savings Society
Ridgefield Savings Bank
South Norwalk Savings Bank
Southport Savings Bank
Citizens Savings Bank
Stamford Savings Bank
N E W JE R SE Y

Hoboken ...........Hoboken Bank for Savings
Jersey City . . . Fifth Ward Savings Bank
Jersey City . . . Hudson City Savings Bank
Jersey City , . . Provident Institution for Savings
M on tclair....... ... Montclair Savings Bank
Newark .............Dime Savings Institution
Newark . . . . . . Franklin Savings Institution
Newark .............Howard Savings Institution
Newark .............,United States Savings Bank
Orange . . . . . . Orange Savings Bank
Orange . . . . . . Half Dime Savings Bank
Paterson ............Paterson Savings Institution

O F B R O O K L Y N — (Continued)

Roosevelt Savings Bank of the City of New York,
Brooklyn
South Brooklyn Savings Bank, Brooklyn
Williamsburgh Savings Bank, Brooklyn
BOROUGH OF M A N H A TTA N

American Savings Bank, New York
Bank for Savings in the City of New York, The
Bowery Savings Bank, The, New York
Broadway Savings Bank, New York
Central Savings Bank in the City of New York
Citizens Savings Bank, New York
Dry Dock Savings Institution, New York
East River Savings Bank, The, New York
Emigrant Industrial Savings Bank, New York
Empire City Savings Bank, New York
Excelsior Savings Bank, New York
Franklin Savings Bank in the City of New York, The
Greenwich Savings Bank, The, New York
Harlem Savings Bank, New York
Irving Savings Bank, The, New York
Manhattan Savings Institution, The, New York
Metropolitan Savings Bank, New York
New York Savings Bank, New York
North River Savings Bank, New York
Seamen’s Bank for Savings in the City of New York
Union Dime Savings Bank, New York
Union Square Savings Bank, New York
W est Side Savings Bank, New York

BOROUGH OF BR ON X
BOROUGH OF QUEENS

Bronx Savings Bank, The, New York
Dollar Savings Bank, New York
North Side Savings Bank, New York

College Point Savings Bank
Flushing Savings Bank
Jamaica Savings Bank
Long Island City Savings Bank
Queensboro Savings Bank, Jamaica
Queens County Savings Bank, The, Flushing
Ridgewood Savings Bank
Rockaway Savings Bank, Far Rockaway
Savings Bank of Central Queens, Jamaica
Savings Bank of Richmond Hill

BOROUGH OF B R O O K LY N

Bay Ridge Savings Bank, Brooklyn
Brevoort Savings Bank, Brooklyn
Brooklyn Savings Bank
Bushwick Savings Bank, The, Brooklyn
City Savings Bank of Brooklyn, The
Dime Savings Bank of Brooklyn, The
Dime Savings Bank of Williamsburgh, The, Brooklyn
B O R O U G H O F R IC H M O N D
East Brooklyn Savings Bank, Brooklyn
East New York Savings Bank, Brooklyn
Richmond County Savings Bank, West New Brighton
Flatbush Savings Bank, Brooklyn
Staten Island Savings Bank, Stapleton
Fulton Savings Bank, Kings County, Brooklyn
Greater New York Savings Bank, The, Brooklyn
S A V IN G S B A N K S O U T S ID E G R E A T E R
Green Point Savings Bank, The, Brooklyn
N E W YORK
Hamburg Savings Bank, Brooklyn
Albany County Savings Bank, Albany
Kings County Savings Bank, The, Brooklyn
Albany Exchange Savings Bank
Kings Highway Savings Bank, Brooklyn
Albany Savings Bank
Lincoln Savings Bank of Brooklyn, The
BAmerican Savings Bank of Buffalo
Prudential Savings Bank, Brooklyn
b

= Bank in Buffalo Branch territory




14

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

fd. (0501

SAVINGS BANKS— SECOND F ED ERAL RESERVE D ISTRICT
S A V IN G S B A N K S O U T S ID E G R E A T E R
N E W Y O R K — (Continued)

S A V IN G S B A N K S O U T S ID E G R E A T E R
N E W Y O R K — (Continued)

Amsterdam Savings Bank
BNiagara County Savings Bank, Niagara Falls
Oneida County Savings Bank, The, Rome
Auburn Savings Bank
Oneida Savings Bank
Bank for Savings of Ossining, The
Onondaga County Savings Bank, Syracuse
Binghamton Savings Bank
Oswego City Savings Bank
BBuffalo Savings Bank
Oswego County Savings Bank, Oswego
Catskill Savings Bank
Pawling Savings Bank
Cayuga County Savings Bank, Auburn
Peekskill Savings Bank
City Savings Bank of Albany
People’s Bank for Savings of New Rochelle, N. Y.
Cohoes Savings Bank
People’s Savings Bank of Yonkers, N. Y.
Cornwall Savings Bank, The, Cornwall-on-the-Hudson Port Chester Savings Bank, The
Cortland Savings Bank
Poughkeepsie Savings Bank, The
Eastchester Savings Bank, Mt. Vernon
Putnam County Savings Bank, Brewster
Rhinebeck Savings Bank
BEast Side Savings Bank of Rochester, The
Ellenville Savings Bank
Riverhead Savings Bank
Elmira Savings Bank, The
BRochester Savings Bank
Rome Savings Bank, The
BErie County Savings Bank, Buffalo
Rondout Savings Bank, Kingston
BFarmers and Mechanics’ Savings Bank of the City of
Lockport
Roslyn Savings Bank of Roslyn
Fishkill Savings Institute
Sag Harbor Savings Bank
* Fulton Savings Bank, Fulton
St. Lawrence County Savings Bank, Ogdensburg
Geneva Savings Bank
Saugerties Savings Bank
Goshen Savings Bank
Savings Bank of Utica, The
Greenburg Savings Bank, The, Dobbs Ferry
Schenectady Savings Bank
Seneca Falls Savings Bank, The
Home Savings Bank of the City of Albany
Skaneateles Savings Bank
Home Savings Bank, The, White Plains
Hudson City Savings Institution
Southold Savings Bank, The
Ithaca Savings Bank
Syracuse Savings Bank
Troy Savings Bank
Jefferson County Savings Bank, Watertown
Kingston Savings Bank
Ulster County Savings Institution, Kingston
Matteawan Savings Bank, Beacon
Union Savings Bank of Patchogue, The
Union Savings Bank of Westchester County, The,
Mechanics and Farmers’ Savings Bank, The, Albany
Mamaroneck
Mechanics’ Savings Bank, The, Beacon
Mechanics’ Savings Bank, Cohoes
Walden Savings Bank
Wappinger Savings Bank, Wappingers Falls
BMechanics’ Savings Bank, Rochester
Middletown Savings Bank
Warwick Savings Bank, The
BMonroe County Savings Bank, Rochester
Watertown Savings Bank
National Savings Bank of the City of Albany, The
Westchester County Savings Bank, Tarrytown ,
P* Newburgh Savings Bank
BWestern Savings Bank, The> Buffalo
k New Paltz Savings Bank
Yonkers Savings Bank
b

= Bank in Buffalo Branch territory




15

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

FORM F. R. 326

K i nd

of

Ma t e r i a l :

Name

or

Subject:

REMARKS:




CHECKED BY
DAT E ________

a .

( 0

5 0

1

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

Authority p A X

10501

FEDERAL RESERVE BANK
OF NEW YORK

T Circular No. 1182'1
I March 13, 1933 J

Regulations Issued by the Secretary o f the Treasury under the
President’ s Proclamation Declaring a Bank Holiday

To all Banking Institutions in the
Second Federal Reserve District:

For your information and supplementing our circulars Nos. 1168, 1170, 1173, 1179, and
1181, dated March 8, 9, 10, 12, and 13, 1933, we quote below the text of regulations and of
Interpretation No. 9 which the Federal Reserve Board has advised us today have been issued
by the Secretary of the Treasury under the President’s Proclamation declaring a bank holi­
day. For convenience in reference and following Regulation 26, we reprint Regulation 10 to
which Interpretation No. 9 refers, together with previous interpretations of Regulation 10.
25

‘ ‘ Pending the determination by the Treasury Department of a suitable procedure for licensing
the delivery of gold for use in trade, profession or art, Federal Reserve banks are hereby authorized
to deliver upon request therefor gold in amounts deemed by such bank to be reasonably required
for legitimate and customary uses in trade, profession or art, provided such request is accompanied
by affidavit of the person requesting such gold stating the amount of unmanufactured gold on
hand and the facts making it necessary to obtain such gold for the purpose of maintaining
employment. ’ ’
“ All banks licensed to opeil for usual and normal functions are permitted to carry out any
transaction necessary to complete the delivery of any gold authorized by any Federal Reserve
bank to be delivered in accordance with such request.”

26

“ All banking institutions may issue drafts transferring credits from any place in the United
States to any other place in the United States and from any place in the United States to any place
in a foreign country in connection with payments for domestic and foreign patent, trade mark and
design application fees and in payment for domestic and foreign patent and trade mark taxes and
renewals. No gold or gold certificates shall be paid out, withdrawn, or exported under this
regulation. ’ ’

10 Authorizing certain activities by national or state banking institutions.
“ Any national or state banking institution may exercise its usual banking functions to such
extent as its situation shall permit and as shall be absolutely necessary to meet the needs of its
community for food, medicine, other necessities of life, for the relief of distress, for the payment
of usual salaries and wages, for necessary current expenditures for the purpose of maintaining




Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority p d .

(0501

employment, and for other similar essential purposes: provided, however, that (1) every precau­
tion shall be taken to prevent hoarding or the unnecessary withdrawal of currency: (2) no state
banking institution shall engage in any transaction under this regulation which is in violation of
state or federal law or of any regulation issued thereunder: (3) no national banking association
shall engage in any transaction under this section which is in violation of any federal law or of
any order or regulation issued by the comptroller of the currency: and (4) no gold or gold
certificates shall be paid out. Each banking institution and its directors and officers will be held
strictly accountable for faithful compliance with the spirit and purpose as well as the letter of
this regulation.”
Interpretation No. 2.

“ Regulation Number Ten of March Seven under the President’s Proclamation of March Six
is held to authorize payments on account of pensions, workmen’s compensation disability insur­
ance, relief and unemployment.”
Interpretation N o. 5.

“ Regulation No. 10 issued under the President’s Proclamation is interpreted to authorize
payments for fertilizer and for vegetable and agricultural seeds for spring planting, where such
payments are absolutely necessary and where the seed and/or fertilizer are for immediate use.”
Interpretation No. 7.

‘ ‘ Release of funds for purchase of cotton where absolutely necessary to maintain operation is
interpreted as ‘ necessary current expenditures for the purpose of maintaining employment and
for other similar essential purposes. ’ As used in regulation 10.' ’
Interpretation No. 9,

“ Regulation No. 10 issued under the President’s proclamation is interpreted to authorize pay­
ments for nursery stock where such payments are absolutely necessary to prevent destruction of
stock in transit on March 6, 1933, or prepared for and awaiting shipment on March 6, 1933, under
bona fide commitments.”

As we are advised of the issuance of further regulations and interpretations by the
Secretary of the Treasury under the President’s Proclamation declaring a bank holiday we
will forward the text thereof to banking institutions in this district.




G eo r g e

L.

H

a r r is o n ,

Governor.

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED

Authority JjlJ a .

10 5 0 1

FEDERAL RESERVE BANK
OF NEW YORK

r Circular No. 1181-1
I March 13. 1933 J

Regulations Issued by the Secretary o f the Treasury under the
President’ s Proclamation Declaring a Bank H oliday
To all Banking Institutions in the
Second Federal Reserve District:

For your Information and supplementing our circulars Nos. 1168, 1170, 1173 and 1179,
dated March 8, 9, 10 and 12, 1933, we quote below the text of regulations which the Federal
Reserve Board has advised us today have been issued by the Secretary of the Treasury
under the President’s Proclamation declaring a bank holiday.
NUMBERED REGULATIONS

22

“ All Federal Land Banks, Federal Intermediate Credit Banks, Joint Stock Land Banks,
Federal Home Loan Banks, corporations organized under section 25 (a) of the Federal Reserve
Act, Regional Agricultural Credit Corporations and the Reconstruction Finance Corporation are
hereby permitted to open at 9 o ’clock, A. M., Monday, March 13, 1933, to perform their usual
banking functions except to the extent prohibited by the executive order of the President of the
United States, issued March 10, 1933, by federal or state law, or as may hereafter be limited or
prohibited by regulations promulgated by the Secretary of the Treasury.”
“ This permission, as to each of the foregoing banking institutions, may be revoked in whole
or in part by the Secretary of the Treasury at any time, and is granted as to each such institution
upon the express conditions that such institution shall deliver, within thirty days, from the date
hereof, to the Treasurer of the United States or to a Federal Reserve Bank or a Federal Reserve
Branch Bank of the district in which it is located, all gold coin, gold bullion and gold certificates
owned by it, and receive payment in credit or in other forms of coin or in currency.”

23

“ No banking institution shall permit any withdrawal by any person when such institution,
acting in good faith, shall deem that the withdrawal is intended for hoarding. Any banking insti­
tution, before permitting the withdrawal of large or unusual amounts of currency, may require
from the person requesting such withdrawal, a full statement under oath of the purpose for which
the currency is requested.”

24

“ All banking institutions may cash official drafts drawn upon the Secretary of State for pay­
ment of salaries, traveling and other contingent expenses but not for personal account, and remit
the amounts thereof to the banks from which the drafts are received, provided that no gold or
gold certificates shall be paid out.”

According to a telegram received by us today from the Federal Reserve Board the Secre­
tary of the Treasury has released the following statement to the press:
“ Banking institutions which have not yet been permitted to reopen for normal and' usual
functions are still permitted to continue to carry on the limited activities specified by regula­
tions 1 to 19.”

As we are advised of the issuance of further regulations and interpretations by the
Secretary of the Treasury under the President’s Proclamation declaring a bank holiday we
will forward the text thereof to banking institutions in this district.
G eorge

5 > / ; /fr)



Governor.

L. H a r r i s o n ,

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p . d .

10501

REC’D IN FILES SECTIQN

■JAri I 8 t350 W
FEDERAL RESERVE BANK

i J r7n •

I

OF NEW YORK

f Circular No. 1178 T
L March 12. 1933 J

Licenses to Member Banks to Reopen

To the Memfier Bank Addressed:

Enclosed is a license, issued by the Federal Reserve Bank of New York by
direction of the Secretary of the Treasury, permitting your bank to reopen on the
date indicated. This license is issued in accordance with the program for the reopen­
ing of banks throughout the country as announced by the Secretary of the Treasury
as follows:
1. Member banks of the Federal Reserve System located in each of the twelve Federal
Reserve Bank cities whose applications to reopen have been approved should be
licensed to reopen on Monday morning March 13, 1933.
2. Member banks of the Federal Reserve System located in any city having an active
recognized clearing house association, whose applications to reopen have been
approved should be licensed to reopen on Tuesday morning March 14, 1933.
3. All other member banks of the Federal Reserve System whose applications to reopen
have been approved shall be licensed to reopen on Wednesday morning March 15,
1933.
4. In the case of banks having branches, the branches are not permitted to open except
in places and at times designated above.

Your attention is called particularly to the extract from the Executive Order of
the President of the United States issued on March 10, 1933, and to the penalties
provided for violation thereof, which are printed on the license.




G eorge L . H

a r r is o n ,

Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

AX 10501

FEDERAL RESERVE BANK
OF NEW YORK
r Circular No. 1179*1
t March 12, 1933 J

Regulations Issued by the Secretary o f the Treasury under the
President’ s Proclam ation Declaring a Bank Holiday
To all Banking Institutions in the
Second Federal Reserve District:

For your information and supplementing our circulars Nos. 1168, 1170 and 1173, dated
March 8, 9, and 10, 1933, we quote below the text o f regulations which the Federal Reserve
Board has advised us today have been issued by the Secretary , of the Treasury under the
President’s Proclamation declaring a bank holiday .
NUMBERED REGULATIONS

18

‘ ‘ All banking institutions are hereby authorized to subscribe and pay for any United States
Government obligations which may be offered for subscription and sale by the Secretary of the
Treasury. Federal Reserve Banks may carry on such functions as may be necessary to facilitate
such transactions as are authorized by this regulation.
“ All Federal Reserve Banks are authorized to redeem matured obligations of the United
States and to cash matured coupons provided no gold or gold certificates shall be paid out.”

19

“ Except as otherwise prohibited by law, banking institutions may exercise their normal
and usual functions in permitting substitution for or release of collateral held by them, provided
other collateral or cash of equal or greater value is received in exchange therefor,”

20

“ All Federal Reserve Banks and their branches and agencies may open March 13, 1933, and
may remain open for the performance of all usual and normal banking functions except as pro­
hibited by the executive order issued by the President on March 10, 1933, and any further orders
or regulations hereafter issued.”

21

“ Banking institutions which are not members of the Federal Reserve System or organized
under the laws of the United States and which are not under the immediate supervision of any
state authority may, on and after March 13, 1933, carry on their normal and usual functions,
except as otherwise prohibited and except that no such institution shall pay out any gold coin,
gold bullion or gold certificates, unless authorized by the Secretary of the Treasury, nor allow with­
drawal of any currency for hoarding, nor engage in any transaction in foreign exchange except
such as may be undertaken for legitimate and normal business requirements, for reasonable travel­
ing and other personal requirements, and for fulfillment of contracts entered into prior to March
6, 1933.”
”

The following regulation appeared as a note following Regulation 7 “ Authorizing special
trust accounts, etc.,” which was printed on page 2 of Circular 1168, dated March 8, 1933, and
is repeated below for the purpose of making it a numbered regulation.
15

“ The permission granted in regulation Number 7 that deposits heretofore received by any
banking institution pursuant to agreement or legislative authority providing for segregation and
repayment without restriction may be paid on demand, includes any bank in which any such
deposits have been redeposited by or on behalf of the receiving bank in accordance with such
agreement or legislative authority.”

As we are advised of the issuance of further regulations and interpretations by the
Secretary of the Treasury under the President’s Proclamation declaring a bank holiday we
will forward the text thereof to banking institutions in this district.




Governor.

G e o r g e L. H a r r is o n ,

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p

&

(0501

FEDERAL RESERVE BANK
OF NEW YORK

r Circular No. 1177T
12, 1933 J

L March

Information Concerning Withdrawals of Gold

To All Banks in the

Second Federal Reserve District:

A telegram has been received from the Federal Reserve Board amending the
request for information concerning gold withdrawals which was reported in circular
No. 1169. The amendment postpones by four days the date on which the list of
persons who have withdrawn gold from the banks is to be closed and reported to
the Federal Reserve Board. The message received today is as follows:
“ It is requested that you prepare and forward to the Board as soon as possible
after March 17, 1933, as complete a list as can be made from information you are able
to obtain of the names and addresses of all persons who have withdrawn gold from
your bank or a member bank in your district since February 1, 1933, and who have
not redeposited it in a bank on or before March 17, 1933.”

The list which you were requested in circular No. 1169 to send us should therefore
be completed immediately after March 17, 1933.




G eorge

L. H a r r is o n ,

Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority f . X > .

10501

REC’D IN SUES SECTION

JAN 1 6 !95Q
FEDERAL RESERVE BANK

ft2 2*

OF NEW YORK

r Circular No. 1176 "I
L March 12, 1933 J

Transactions in Foreign Exchange

To All Banking Institutions and Others Concerned
in the Second Federal Reserve District:

Section 2 of the Act of March 9, 1933, entitled “ An Act to provide relief in the existing
national emergency in banking, and for other purposes” , amended subdivision (b) of Section 5
of the Act of October 6, 1917 (40 Stat. L. 411), as amended, to read as follows:
“ (b) During time of war or during any other period of national emergency declared by the
President, the President may, through any agency that he may designate, or otherwise, investigate,
regulate, or prohibit, under such rules and regulations as he may prescribe, by means of licenses
or otherwise, any transactions in foreign exchange, transfers of credit between or payments by
banking institutions as defined by the President, and export, hoarding, melting, or earmarking of
gold or silver coin or bullion or currency, by any person within the United States or any place
subject to the jurisdiction thereof; and the President may require any person engaged in any
transaction referred to in this subdivision to furnish under oath, complete information relative
thereto, including the production of any books of account, contracts, letters or other papers, in
connection therewith in the custody or control of such person, either before or after such trans­
action is completed. Whoever wilfully violates any of the provisions of this subdivision or of any
license, order, rule or regulation issued thereunder, shall, upon conviction, be fined not more than
$10,000, or, if a natural person, may be imprisoned for not more than ten years, or both; and any
officer, director, or agent of any corporation who knowingly participates in such violation may be
punished by a like fine, imprisonment or both. As used in this subdivision the term ‘ person’
means an individual, partnership, association, or corporation.”

The Executive Order of the President, dated March 10, 1933, issued under the authority of
the foregoing act reads in part as follows:
“ Until further order, no individual, partnership, association, or corporation, including any
banking institution, shall export or otherwise remove or permit to be withdrawn from the United
States or any place subject to the jurisdiction thereof any gold coin, gold bullion, or gold certifi­
cates, except in accordance with regulations prescribed by or under license issued by the Secretary
of the Treasury.
“ No permission to any banking institution to perform any banking functions shall authorize
such institution to pay out any gold coin, gold bullion or gold certificates except as authorized by
the Secretary of the Treasury, nor to allow withdrawal of any currency for hoarding, nor to engage
in any transaction in foreign exchange except such as may be undertaken for legitimate and nor­
mal business requirements, for reasonable traveling and other personal requirements, and for the
fulfillment of contracts entered into prior to March 6, 1933.




/-

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

p .'D-

10 5 0 1

“ Every Federal Reserve Bank is authorized and instructed to keep itself currently informed
as to transactions in foreign exchange enteredinto or consummated within its district and shall
report to the Secretary of the Treasury all transactions in foreign exchange which are prohibited.”

T

r a n s a c t io n s

in

F

o r e ig n

E

xchange

The Executive Order of March 10,1933, prohibits all transactions in foreign exchange* **
except such transactions as may be undertaken
(a) for legitimate and normal business requirements,
(b) for reasonable traveling and other personal requirements, and
(c) for the fulfillment of contracts entered into prior to March 6, 1933.

In order that the Federal Reserve Bank of New York may keep itself currently informed
as to transactions in foreign exchange entered into or consummated within the Second
Federal Reserve District and may report to the Secretary of the Treasury all transactions in
foreign exchange which are prohibited, the Federal Reserve Bank of New York hereby requires
dealers** in foreign exchange doing business in the Second Federal Reserve District
(1) to obtain from each person* to whom they sell foreign exchange directly or indirectly, a
written declaration signed by such person describing the purpose for which the foreign exchange
is purchased and certifying that the transaction in no way contravenes the Act of March 9, 1933,
the Executive Order of March 10, 1933, or any regulation issued thereunder,

and
(2) to file with the Federal Reserve Bank of New York written reports which will show the
foreign exchange position of such dealers at any given time. For the present such reports are
required only from dealers who carry their own accounts abroad and/or who carry accounts here
on their books for foreigners.

Forms on which reports may be made are enclosed. Those marked Form 200 and Form
300 should be filled out promptly as of the close of business March 3, 1933, and filed with the
Federal Reserve Bank of New York as soon as possible. Forms 200, 201, 202, 300 and 301
should be filled out as of the close of business each day beginning March 13, 1933, and for­
warded daily to the Federal Reserve Bank of New York.
The Executive Order of March 10, 1933, permits foreign exchange transactions for the
fulfillment of contracts entered into prior to March 6, 1933. To enable the Federal Reserve
Bank of New York to examine such contracts each dealer in foreign exchange doing business
in the Second Federal Reserve District is directed to forward to the Federal Reserve Bank of
New York a detailed list of all foreign exchange contracts entered into by him prior to
March 6, 1933, for the delivery of foreign exchange after that date. This list should classify
contracts by currencies and should show the maturity of each contract. The dealers should
advise the Federal Reserve Bank of New York in writing as such contracts are fulfilled.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

a .

(0501

If any dealer in foreign exchange in the Second Federal Reserve District is in doubt as
to whether a particular transaction conies within the terms of the Act of March 9, 1933, the
Executive Order of March 10,1933, and the regulations issued thereunder, such dealer should
submit the question to the Federal Reserve Bank of New York. All inquiries to the Federal
Reserve Bank of New York with regard to any matters referred to in this circular should be
addressed to the attention of Mr. Fred I. Kent.

G eorge

L.

H

a r r is o n ,

Governor.

F ootnote:

* The word “ person” in these regulations means any individual, partnership, association or corporation;
** A “ dealer in foreign exchange” means any person engaged primarily or incidentally in the business
(1) of buying, selling or dealing in foreign exchange, or
(2) of buying, selling or dealing in securities for or through foreign correspondents, or
(3) any person who carries accounts or securities with or for foreign correspondents.
*** The term “ foreign exchange” means checks, drafts, bills of exchange, cable transfers, or any form of
negotiable or assignable instrument, or order used




(a) to transfer credit or to order the payment of funds in any foreign country, or
(b) to transfer credit or to order the payment of funds within the United States for foreign account.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

px). (0501

0

( I '(* /

FEDERAL RESERVE BANK
OF NEW YORK
r Circular No. 11741
k March 11, 1933 J

Program for Reopening of Banks
To nil Banking Institutions in the
Second Federal Reserve District:

For your information, we quote below the text of a statement issued today by the Presi­
dent of the United States:
‘ ‘ I am glad to be able to announce that technical difficulties which operated to delay the open­
ing of banks, both state and national, have finally substantially been overcome by tireless work on
the part of the officials of the Treasury and the Federal Reserve System, and that a definite
program has been arranged consisting of successive steps by which banks throughout the country
will be opened progressively on Monday, Tuesday and Wednesday mornings.
“ The Secretary of the Treasury will issue licenses to banks which are members of the Federal
Reserve System, whether national bank or state, located in each of the twelve Federal Reserve Bank
cities, to open Monday morning.
“ So also the state authorities having supervision over state banks which are not members of
the Federal Reserve System will be asked to permit any such state institutions located in any one
of the twelve Federal Reserve Bank cities to open for business on Monday morning if in their
judgment they deem it wise to do so.
“ Under this progressive plan, banks located in any city having an active, recognized clearing
house association, of which there are 250 cities, will receive licenses for reopening on Tuesday
morning, and banks located elsewhere will receive their licenses permitting reopening for Wednesday.
“ Time is thus afforded for the necessary shipments of currency provided under the Emer­
gency Bank Act from Reserve Banks centers to clearing house cities and banks in the smaller
communities.
“ There were enormous technical problems to be solved before these mechanics could be
worked out and before the actual currency could be in the bank when the doors opened.
“ The Constitution has laid upon me the duty of conveying the condition of the country to
the Congress assembled at Washington. I believe I have a like duty to convey to the people them­
selves a clear picture of the situation at Washington itself whenever there is danger of any con­
fusion as to what the Government is undertaking.
“ That there may be a clear understanding as to just what has taken place during the last two
days since the passage of this Act it is my intention, over the national radio net works, at ten
o ’clock Sunday evening, to explain clearly and in simple language to all of you just what has
been achieved and the sound reasons which underlie this declaration to you.
“ The fact that banks will be opened under this plan does not mean that any one should draw
the inference that the banks opening Monday are in any different condition as to soundness from
the banks licensed to open on Tuesday or Wednesday or any subsequent day.”




G e o r g e L. H a r r is o n ,

/j

Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p

A)* ( 0 5 0 1

FEDERAL RESERVE BANK
OF NEW YORK

r Circular No. 11731
I March 10, 1933 J

Regulations Issued by the Secretary of the Treasury under the
President’s Proclamation Declaring a Bank Holiday

TovcZZ Banking Institutions in the
-- Second Federal Reserve District:

For your information and supplementing our circulars Nos. 1168 and 1170, dated March 8,
and 9, 1933, we quote below the text of regulations which the Federal Reserve Board has
advised tia today have been issued by the Secretary of the Treasury under the President’s
Proclamation declaring a bank holiday.
16

“ All banking institutions are hereby authorized to take such steps and carry through such
transactions as may be necessaiy to complete for their own account, or the account of their
customers, payment on any subscriptions for treasury bills of the United States for which
payment was due on March 6, 1933.”

17

“ Any banking institution may, when the owners consent thereto, pay cheeks issued prior to
March 6, 1933 and received in due course of business by the drawee banking institution, by charging^the ainounts thereof to the accounts of the drawer and erediting such amounts to the accounts
of such owners on the books of the drawee banking institution.”

As we are advised of the issuance of further regulations and interpretations by the
Secretary of the Treasury under the President’s Proclamation declaring a bank holiday we
will forward the text thereof to banking institutions in this district.




G eor ge

L.

H

a r r is o n ,

Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

px). (0501

Executive Order Signed by President of the United States,
March 10, 1933

“ By virtue of the authority vested in me by Section 5 (b) of the Act of October 6, 1917
(40 Stat. L. 411) as amended by the Act of March 9, 1933, and by Section 4 of the said Act of
March 9, 1933, and by virtue of all other authority vested in me, I hereby issue the following
executive order.
“ The Secretary of the Treasury is authorized and empowered under such regulations as he
may prescribe to permit any member bank of the Federal Reserve System and any other banking
institution organized under the laws of the United States, to perform any or all of their usual
banking functions, except as otherwise prohibited.
“ The appropriate authority having immediate supervision of banking institutions in each
state or any place subject to the jurisdiction of the United States is authorized and empowered
under such regulations as such authority may prescribe to permit any banking institution in
such state or place other than banking institutions covered by the foregoing paragraph, to per­
form any or all of their usual banking functions, except as otherwise prohibited.
“ All banks which are members of the Federal Reserve System, desiring to reopen for the
performance of all usual and normal banking functions, except as otherwise prohibited, shall
apply for a license therefor to the Secretary of the Treasury. Such application shall be filed
immediately through the Federal Reserve Banks. The Federal Reserve Bank shall then transmit
such applications to the Secretary of the Treasury. Licenses will be issued by the Federal
Reserve Bank upon approval of the Secretary of the Treasury. The Federal Reserve Banks are
hereby designated as agents of the Secretary of the Treasury for the receiving of application
and the issuance of licenses in his behalf and upon.his instructions.
“ Until further order, no individual, partnership, association, or corporation, including any
banking institution, shall export or otherwise remove or permit to be withdrawn from the United
States or any place subject to the jurisdiction thereof any gold coin, gold bullion, or gold
certificates, except in accordance with regulations prescribed by or under license issued by the
Secretary of the Treasury.
‘ ‘ No permission to any banking institution to perform any banking functions shall author­
ize such institution to pay out any gold coin, gold bullion or gold certificates except as authorized
by the Secretary of the Treasury, nor to allow withdrawal of any currency for hoarding, nor to
engage in any transaction in foreign exchange except such as may be undertaken for legitimate
and normal business requirements, for reasonable traveling and other personal requirements, and
for the fulfillment of contracts entered into prior to March 6,1933.
“ Every Federal Reserve Bank is authorized and instructed to keep itself currently informed
as to transactions in foreign exchange entered into or consummated within its district and shall
report to the Secretary of the Treasury all transactions in foreign exchange which are prohibited.

FRANKLIN D. ROOSEVELT,
T

he

W

h it e h o t j s e ,

March 10,1933 ”




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

10501

»

liE C D Of FILES SECTION '

FEB - 7 1950 #
4

V/)

- / V ^ )

FEDERAL RESERVE BANK
OF NEW YORK

rCircular No. 1I72T
L March 9, 1933

J

Proclamation of the President
To All Banking Institutions in
the Second Federal Reserve District:

For your information we quote below the text of a proclamation issued tonight by the
President of the United States.
PROCLAMATION
WHEREAS, ON MARCH 6, 1933, I, FRANKLIN D. ROOSEVELT, President of the
United States of America, by proclamation declared the existence of a national emergency and
proclaimed a bank holiday extending from Monday the 6th day of March to Thursday the 9th
day of March, 1933, both dates inclusive, in order to prevent the export, hoarding or earmarking
of gold or silver coin, or bullion or currency, or speculation in foreign exchange; and
WHEREAS, under the Act of March 9, 1933, all proclamations heretofore or hereafter
issued by the President pursuant to the authority conferred by Section 5 (b) of the Act of
October 6, 1917, as amended, are approved and confirmed; and
WHEREAS, said national emergency still continues, and it is necessary to take further
measures extending beyond March 9,1933, in order to accomplish such purposes;
NOW, THEREFORE, I, FRANKLIN D. ROOSEVELT, President of the United States
of America, in view of such continuing national emergency and by virtue of the authority vested
in me by Section 5 (b) of the Act of October 6,1917 (40 Stat. L. 411) as amended by the Act of
March 9,1933, do hereby proclaim, order, direct and declare that all the terms and provisions of
said proclamation of March 6, 1933, and the regulations and orders issued thereunder are hereby
continued in full force and effect until further proclamation by the President.
IN WITNES& WHEREOF I have hereunto set my hand and have caused the seal of the
United States to be affixed.
Done in the District of Columbia, this 9th day of March, in the year of our Lord One
Thousand Nine Hundred and Thirty-three, and
of the Independence of the United States the
One Hundredth and Fifty-seventh.
(SEAL)
By the President:
CORDELL HULL,
Secretary of State.




FRANKLIN D. ROOSEVELT.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

Eft. (0501

FEDERAL RESERVE BANK
OF NEW YORK

If Circular No. 1169'1
L March 9,
1933J

Information Concerning Withdrawals of Gold

To all Banks in the
Second Federal Reserve District:

The following telegram has been received from the Federal Reserve Board:
“ It is requested that you prepare and forward to the Board
13, 1933, as complete a list as can be made from information you
and addresses of all persons who have withdrawn gold from your
district since February 1, 1933, and who have not redeposited

as soon as possible after March
are able to obtain, of the names
bank or a member bank in your
in a bank on or before March

13, 1933. ’ ’

To assist ns in preparing the list which the Federal Reserve Board has requested, please
send us on the enclosed form, using additional blank sheets if necessary, a list of the names and
addresses of persons who on or after February 1, 1933, have withdrawn gold coin or gold cer­
tificates from your bank and who have not, to your knowledge, redeposited the same in a bank
on or before March 13,1933.
Please also furnish us with a separate list containing similar information, so far as avail­
able, regarding withdrawals of gold coin and gold certificates from your bank prior to
February 1, 1933.
G eorge

L.

H a r r is o n ,

Governor.

3 0¥. //« a )



Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

a .

(Q 5Q i

FEDERAL RESERVE BANK
OF NEW YORK
["Circular No. 11701
U March 9, 1933 J

Regulations Issued by the Secretary o f the Treasury under the
President’ s Proclam ation Declaring a Bank H oliday

To all Banking Institutions in the
Second Federal Reserve District:

For your information and supplementing our circular No. 1168, dated March 8, 1933, we
quote below the text of interpretations of regulations which the Federal Reserve Board has
advised us today have been issued by the Secretary of the Treasury under the President’s
Proclamation declaring a bank holiday. For convenience in reference we reprint the regula­
tions to which the interpretations refer, together with previous interpretations.
5 Accepting payment on obligations.
“ Any banking institution may accept payments in cash or any other form acceptable to it on
account or in settlement of obligations payable at or to such institution. ’ ’
Interpretation No. 4.

‘ ‘ Regulation Number 5, dated March 6, 1933, is not to be interpreted as permitting any bank­
ing institution to accept payment of any obligation not solely owned by it in any form which is
not authorized by the person entitled to the proceeds.”
6 Permitting certain activities in connection with food or feed products.
“ Any banking institution may handle and collect drafts or other documents in connection
with the shipment, transportation or delivery of food or feed products, may pay out or permit
the withdrawal of such amounts of currency as shall be necessary in the judgment of such banking
institution in connection with such shipment, transportation or delivery of food or feed products,
and may perform such other banking functions as may be essential to the shipment, transportation
or delivery of food or feed products, provided, however, that no banking institution shall pay out or
permit the withdrawal of any gold or gold certificates. ’ '
Interpretation No. 1

“ You are authorized to inform all banking institutions and others concerned that the term
‘ food or feed products’ in regulation six, under the President’s Proclamation, promulgated
March 6, may be interpreted to include livestock on the way to slaughter. ”
Interpretation No. 6.

“ Pood or feed products as used in regulation 6 may be construed as including whole grain if
such grain is intended for processing or consumption in the immediate future.”




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10 Authorizing certain activities by national or state banking institutions.
“ Any national or state hanking institution may exercise its usual banking functions to such
extent as its situation shall permit and as shall be absolutely necessary to meet the needs of its
community for food, medicine, other necessities of life, for the relief of distress, for the payment
of usual salaries and wages, for necessary current expenditures for the purpose of maintaining
employment, and for other similar essential purposes: provided, however, that (1) every precau­
tion shall be taken to prevent hoarding or the unnecessary withdrawal of currency: (2) no state
banking institution shall engage in any transaction under this regulation, which is in violation of
state or federal law or of any regulation issued thereunder: (3) no national banking association
shall engage in any transaction under this section which is in violation of any federal law or of
any order or regulation issued by the comptroller of the currency: and (4) no gold or gold
certificates shall be paid out. Each banking institution and its directors and officers will be held
strictly accountable for faithful compliance with the spirit and purpose as well as the letter of
this regulation.”
Interpretation No. 2.

“ Regulation Number Ten of March Seven under the President’s Proclamation of March Six
is held to authorize payments on account of pensions, workmen’s compensation disability insur­
ance, relief and unemployment.”
Interpretation No. 5.

“ Regulation No. 10 issued under the President’s Proclamation is interpreted to authorize
payments for fertilizer and for vegetable and agricultural seeds for spring planting, where such
payments are absolutely necessary and where the seed and/or fertilizer are for immediate use.”
Interpretation No. 7.

“ Release of funds for purchase of cotton where absolutely necessary to maintain operation is
interpreted as ‘ necessary current expenditures for the purpose of maintaining employment and
for other similar essential purposes.’ ,As used in regulation 10.”

As we are advised of the issuance of further regulations and interpretations by the
Secretary of the Treasury under the President’s Proclamation declaring a bank holiday we
will forward the text thereof to banking institutions in this district.




G eo r g e L , H

a r r is o n ,

Governor.

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Press Release Issued by Secretary o f Treasury
March 9, 1933

‘ ‘ The President has today urged the immediate enactment of legis­
lation dealing with the existing banking situation. It appears that
prompt action will make banking facilities and an adequate supply of
currency available. Notwithstanding the expected early opening of
banks, the Secretary of the Treasury interposes no objection to the
issuance of clearing house certificates or other evidences of claims
against assets of banking institutions, in communities where local con­
ditions made such action necessary. The regulation issued by the
Secretary March 7, 1933 remains effective, granting permission to
clearing house associations and other associations organized to provide
an adequately secured medium of temporary exchange to issue certi­
ficates against sound assets of banking institutions, such certificates to
be deliverable by each institution to its creditors and depositors on
a prorata basis. ’ *




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FEDERAL RESERVE BANK
OF NEW YORK

["Circular No. 1171']
L March 9, 1933 J

Act to Provide R elief in the Existing National
Emergency in Banking, and for Other Purposes
To All Banking Institutions in
the Second Federal Reserve District:

For your information we quote below the text, as transmitted to ns by wire, of the Act “ To
provide relief in the existing national emergency in banking and for other purposes” , which
we understand was enacted by Congress today.
“ Be it enacted by the Senate and House of Representatives of the United States of America
in Congress assembled, that the Congress hereby declares that a serious emergency exists and
that it is imperatively necessary speedily to put into effect remedies of uniform national
application.
T IT L E I.
S e c t i o n 1 . The actions, regulations, rules, licenses, orders and proclamations hereto­
fore or hereafter taken, promulgated, made, or issued by the President of the United States
or the Secretary of the Treasury since March 4, 1933, pursuant to the authority conferred by
subdivision (b) of Section 5 of the Act of October 6, 1917, as amended, are hereby approved
and confirmed.
S e c t i o n 2. Subdivision (b) of Section 5 of the Act of October 6, 1917 (40 Stat L 411),
as amended is hereby amended to read as follow s:

“ (b) During time of war or during any other period of national emergency declared by
the President, the President may, through any agency that he may designate, or otherwise,
investigate, regulate, or prohibit, under such rules and regulations as he may prescribe, by
means of licenses or otherwise, any transactions in foreign exchange, transfers of credit be­
tween or payments by banking institutions as defined by the President, and export, hoarding,
melting, or earmarking of gold or silver coin or bullion or currency, by any person within the
United States or any place subject to the jurisdiction thereof; and the President may require
any person .engaged in any transaction referred to in this subdivision to furnish under oath,
complete information relative thereto, including the production of any books of account, con­
tracts, letters or other papers, in connection therewith in the custody or control of such per­
son, either before or after such transaction is completed. Whoever wilfully violates any of
the provisions of this subdivision or of any license, order, rule or regulation issued there­
under, shall, upon conviction, be fined not more than $10,000, or, if a natural person, may be
imprisoned for not more than ten years, or both ; and any officer, director, or agent of any
corporation who knowingly participates in such violation may be punished by a like fine,
imprisonment or both. As used in this subdivision the term ‘person’ means an individual,
partnership, association, or corporation,”




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S e c t io n 3. Section 11 of the Federal Reserve Act is amended by adding at the end
thereof the following new subsection:

“ (n) Whenever in the judgment of the Secretary of the Treasury such action is neces­
sary to protect the currency system of the .United States, the Secretary of the Treasury, in his
discretion, may require any or all individuals, partnerships, associations and corporations to pay
and deliver to the Treasurer of the United States any or all gold coin, gold bullion, and gold
certificates owned by such individuals, partnerships, associations and corporations. Upon
receipt of such gold coin, gold bullion or gold certificates, the Secretary of the Treasury shall
pay therefor an equivalent amount of any other form of coin or currency coined or issued
under the Laws of the United States. The Secretary of the Treasury shall pay all costs of
the transportation of such gold bullion, gold certificates, coin, or currency including the cost
of insurance, protection, and such other incidental costs as may be reasonably necessary. Any
individual, partnership, association, or corporation failing to comply with any requirement of
the Secretary of the Treasury made under this subsection shall be subject to a penalty equal
to twice the value of the gold or gold certificates in respect of which such failure occurred,
and such penalty may be collected by the Secretary of the Treasury by suit or otherwise.”
S e c t io n 4. In order to provide for the safer and more effective operation of the national
banking system and the Federal Reserve System, to preserve for the people the full benefits
of the: currency provided for by the Congress through the national banking system and the
Federal Reserve System, and to relieve interstate commerce of the burdens and obstructions
resulting from the receipt on an unsound or unsafe basis of deposits subject to withdrawal by
check; during such emergency period as the President of the United States by proclamation
may prescribe, no member bank of the Federal Reserve System shall transact any banking
business except to such extent and subject to such regulations, limitations and restrictions
as may be prescribed by the Secretary of the Treasury, with the approval of the President.
Any individual, partnership, corporation, or association, or any director, officer or employee
thereof, violating any of the provisions of this section shall be deemed guilty of a misdemeanor
and, upon conviction thereof shall be fined not more than $10,000 or, if a natural person, may,
in addition to such fine, be imprisoned for a term not exceeding ten years. Each day that any
such violation continues shall be deemed a separate offense.

T IT L E II.
S e c t io n 201.

This title may be cited as the “ Bank Conservation Act.”

S e c t io n 3)2. As used in this title, the term “ bank” means (1) any national banking
association, and (2) any bank or trust company located in the District of Columbia and
operating under the supervision of the Comptroller of the Currency; and the term “ state”
means any state, territory, or possession of the United States, and the Canal Zone.
S e c t io n 203. Whenever he shall deem it necessary in order to conserve the assets of
any bank for the benefit of the depositors and other creditors thereof, the Comptroller of the
Currency may appoint a conservator for such bank and require of him such bond and security
as the Comptroller of the Currency deems proper. The conservator, under the'direction of
the Comptroller, shall take possession of the books, records, and assets of every description
of such bank, and take such action as may be necessary to conserve the assets of such bank
pending further disposition of its business as provided by law. Such conservator shall have
all the rights, powers, and privileges now possessed by or hereafter given receivers of insol­
vent national banks and shall be subject to the obligations and penalties, not inconsistent
with the provisions of this title, to which receivers are now or may hereafter become subject.
During the time that such conservator remains in possession of such bank, the rights of all
parties with respect thereto shall, subject to the other provisions of this title, be the same as
if a receiver had been appointed therefor. All expenses of any such conservatorship shall be




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paid out of the assets of such bank and shall be a lien thereon which shall be prior to any
other lien provided by this Act or otherwise. The conservator shall receive as salary an
amount no greater than that paid to employees of the Federal Government for similar
services.
S e c t io n 204. The Comptroller of the Currency shall cause to be made such examinations
of the affairs of such bank as shall be necessary to inform him as to the financial condition of
such bank, and the examiner shall make a report thereon to the Comptroller of the Currency
at the earliest practicable date.
• - 7. '
S e c t io n 205. If the Comptroller of the Currency becomes satisfied that it may safely- be
done and that it would be in the public interest, he may, in his discretion, terminate the
conservatorship and permit such bank to resume the transaction of its business subject: to
such terms, conditions, restrictions and limitations as he may prescribe.
.1

Section 206. While such bank is in the hands of the conservator appointed by the
Comptroller of the Currency, the Comptroller may require the conservator to set aside and
make available for withdrawal by depositors and payment to other creditors, on a ratable
basis, such amounts as in the opinion of the Comptroller may safely be used for this purpose;
and the Comptroller may, in his discretion, permit the conservator to receive deposits, but
deposits received while the bank is in the hands of the conservator shall not be subject to
any limitation as to payment or withdrawal, and such deposits shall be segregated and- shall
not be used to liquidate any indebtedness of such bank existing at the time that a conservator
was appointed for it, or any subsequent indebtedness incurred for the purpose of liquidating
any indebtedness of such bank existing at the time such conservator was appointed. Such
deposits received while the bank is in the hands of the conservator shall be kept on hand in
cash, invested in the direct obligations of the United States or deposited with a Federal
Reserve Bank. The Federal Reserve Banks are hereby authorized to open and maintain sepa­
rate deposit accounts for such purpose, or for the purpose of receiving deposits from state
officials in charge of state banks under similar circumstances.
S e c t io n 207. In any reorganization of any national banking association under a plan of
a kind which, under existing law, requires the consent, as the case may be, (a) of depositors
and other creditors or (b ) of stockholders or (c) of both depositors and other creditors and
stockholders, such reorganization shall become effective only (1) when the Comptroller of
the Currency shall be satisfied that the plan of reorganization is fair and equitable as to all
depositors, other creditors and stockholders and is in the public interest and shall have
approved the plan subject to such conditions, restrictions and limitations as he may prescribe
and (2) when, after reasonable notice of such reorganization, as the case may require,, (a)
depositors and other creditors of such bank representing at least 75% in amount of its total
deposits and other liabilities as shown by the books of the national banking association or
(b) stockholders owning at least two-thirds of its outstanding capital stock as shown by the
books of the national banking association or (c) both depositors and other creditors repre­
senting at least 75 percent in amount of the total deposits and other liabilities and stock­
holders owning at least two-thirds of its outstanding capital stock as shown by the books of
the national banking association, shall have consented in writing to the plan of reorganiza­
tion ; provided, however, that claims of depositors or other creditors which will be satisfied
in full under the provisions of the plan of reorganization shall not be included among the
total deposits and other liabilities, of the national banking association in determining the 75
percent thereof as above provided. When such reorganization becomes effective, all books,
records, and assets of the national banking association shall be disposed of in accordance with
the provisions of the plan and the affairs of the national banking association shall be con­
ducted by its board of directors in the manner provided by the plan and urjder the condi­
tions, restrictions and limitations which may hjp,ve been prescribed by the Comptroller of the
Currency,: In any reorganization whiclj-shall,have;been- approved. ,and shfill have bjecoine




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effective as provided herein, all depositors and other creditors and stockholders of such
national banking association, whether or not they shall have consented to such plan of reor­
ganization, shall be fully and in all respects subject to and bound by its provisions, and claims
of all depositors and other creditors shall be treated as if they had consented to such plan of
reorganization.
S e c t io n 208. After fifteen days after the affairs of a bank shall have been turned back
to its board of directors by the conservator, either with or without a reorganization as pro­
vided in Section 207 hereof, the provisions o f Section 206 of this title with respect to the
segregation of deposits received while it is in the hands of the conservator and with respect to
the use of such deposits to liquidate the indebtedness of such bank shall no longer be effec­
tive ; provided, that before the conservator shall turn back the affairs of the bank to its board
of directors he shall cause to be published in a newspaper published in the city, town or
county in which such bank is located, and if no newspaper is published in such city, town or
county, in a newspaper to be selected by the Comptroller of the Currency published in the
state in which the bank is located, a notice in form approved by the Comptroller, stating the
date on which the affairs of the bank will be returned to its board of directors and that the
said provisions of Section 206 will not be effective after fifteen days after such date; and on
the date of the publication of such notice the conservator shall immediately send to every
„ person who is a depositor in such bank under Section 206 a copy of such notice by registered
mail addressed to the last known address of such person as shown by the records of the bank,
and the conservator shall send similar notice in like manner to every person making deposit
in such bank under Section 206 after the date of such newspaper publication and before the
time when the affairs of the bank are returned to its directors.
S e c t io n 209. Conservators appointed pursuant to the provisions of this title shall be sub­
ject to the provisions of and to the penalties prescribed by Section 5209 of the Revised
Statutes (U. S. C. Title 12, Sec. 592); and Sections 112, 113, 114, 115, 116 and 117 of the
Criminal Code of the United States (U. S. C. Title 18, Secs. 202, 203, 204, 205, 206 and 207),
in so far as applicable, are extended to apply to contracts, agreements, proceedings, dealings,
claims and controversies by or with any such conservator or the Comptroller of the Currency
under the provisions of this title.

210. Nothing in this title shall be construed to impair in any manner any powers
o f the President, the Secretary o f the Treasury, the Comptroller of the Currency, or the
Federal Reserve Board.
S e c t io n

S e c t io n 211. The Comptroller of the Currency is hereby authorized and empowered,
with the approval of the Secretary of the Treasury, to prescribe such rules and regulations
as he may deem necessary in order to carry out the provisions of this title. Whoever violates
any rule or regulation made pursuant to this section shall be deemed guilty of a misdemeanor
and, upon conviction thereof, shall be fined not more than $5,000, or imprisoned not more than
one year, or both.

T IT L E III.
S e c t io n 301. Notwithstanding any other provision of law, any national banking asso­
ciation may, with the approval of the Comptroller of the Currency and by vote of sharehold­
ers owning a majority of the stock of such association, upon not less than five days notice,
given by registered mail pursuant to action taken by its board of directors, issue preferred
stock in such amount and with such par value as shall be approved by said Comptroller, and
make such amendments to its articles of association as may be necessary for this purpose;
but, in the case of any newly organized national banking association which has not yet issued
common stock, the requirement of notice to and vote of shareholders shall not apply. No
issue of preferred stock shall be valid until the par value of all stock so issued shall be paid in.




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S e c t io n 302. (a) The holders o f such preferred stock shall be entitled to cumulative
dividends at a rate not exceeding 6 percentum per annum, but shall not be held individu­
ally responsible as such holders for any debts, contracts, or engagements of such association
and shall not be liable for assessments to restore impairments in the capital of such association
as now provided by law with reference to holders o f common stock. Notwithstanding any
other provision of law, the holders of such preferred stock shall have such voting rights, and
such stock shall be subject to retirement in such manner and on such terms and conditions,
as may be provided in the articles of association with the approval of the Comptroller of the
Currency.

(b) No dividends shall be declared or paid on common stock until the cumulative divi­
dends on the preferred stock shall have been paid in fu ll; and, if the association is placed in
voluntary liquidation or a conservator or a receiver is appointed therefor, no payments shall
be made to the holders of the common stock until the holders of the preferred stock shall
have been paid in full the par value of such stock plus all accumulated dividends.
S e c t io n 303. The term “ common stock” as used in this title means stock of national
banking associations other than preferred stock issued under the provisions of this title. The
term “ capital” as used in provisions of law relating to the capital of national banking associ­
ations shall mean the amount of unimpaired common stock plus the amount of preferred
stock outstanding and unimpaired; and the term “ capital stock” , as used in Section 12 of the
Act of March 14, 1900, shall mean only the amount of common stock outstanding.
S e c t io n 304. If in the opinion of the Secretary of the Treasury any national banking
association or any state bank or trust company is in need of funds for capital purposes either
in connection with the organization or reorganization of such association, state bank or trust
company or otherwise, he may, with the approval of the President, request the Reconstruc­
tion Finance Corporation to subscribe for preferred stock in such association, state bank or
trust company, or to make loans secured by such stock as collateral, and the Reconstruction
Finance Corporation may comply with such request. The Reconstruction Finance Corpora­
tion may, with the approval of the Secretary of the Treasury, and under such rules and
regulations as he may prescribe, sell in the open market or otherwise the whole or any part
of the preferred stock of any national banking association, state bank or trust company
acquired by the Corporation pursuant to this section. The amount of notes, bonds, deben­
tures, and other such obligations which the Reconstruction Finance Corporation is authorized
and empowered to issue and to have outstanding at any one time under existing law is
hereby increased by an amount sufficient to carry out the provisions of this section.

S e c t io n

T IT L E IV.
401. The sixth paragraph of Section 18 of the Federal Reserve Act is amended

to read as follows:
“Upon the deposit with the Treasurer of the United States, (a) of any direct obligations
of the United States or (b) of any notes, drafts, bills of exchange, or bankers’ acceptances
acquired under the provisions of this Act, any Federal Reserve Bank making such deposit
in the manner prescribed by the Secretary of the Treasury shall be entitled to receive from
the Comptroller of the Currency circulating notes in blank, duly registered and counter­
signed. When such circulating notes are issued against the security of obligations of the
United States, the amount of such circulating notes shall be equal to the face value of the
direct obligations of the United States so deposited as security; and, when issued against the
security of notes, drafts, bills of exchange and bankers’ acceptances acquired under the pro­
visions of this Act, the amount thereof shall be equal to not more than 90% of the estimated
value of such notes, drafts, bills of exchange and bankers’ acceptances so deposited as security.
Such notes shall be the obligations of the Federal Reserve Bank procuring the same, shall
be in form prescribed by the Secretary of the Treasury, shall be receivable at par in all parts
of the United States for the same purposes as are national bank notes, and shall be redeemable




S

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( 050 1

in lawful money of the United States on presentation at the United States Treasury or at
the bank of issue. The Secretary of the Treasury is authorized and empowered to prescribe
regulations governing the issuance, redemption, replacement, retirement and destruction of
such circulating notes and the release and substitution of security therefor. Such circulating
notes shall be subject to the same tax as is provided by law for the circulating notes of
national banks secured by 2% bonds of the United States. No such circulating notes shall be
issued under this paragraph after the President has declared by proclamation that the emer­
gency recognized by the President by proclamation of March 6, 1933, has terminated, unless
such circulating notes are secured by deposits of bonds of the United States bearing the
circulation privilege. When required to do so by the Secretary of the Treasury, each Federal
Reserve Agent shall act as agent of the Treasurer of the United States or of the Comptroller
of the Currency or both for the performance o f any of the functions which the Treasurer or
the Comptroller may be called upon to perform in carrying out the provisions of this para­
graph. Appropriations available for distinctive paper and printing United States currency or
national bank currency are hereby made available for the production of the circulating notes
of Federal Reserve Banks herein provided; but the United States shall be reimbursed by the
Federal Reserve Banks to which such notes are issued for all expenses necessarily incurred
in connection with the procuring of such notes and all other expenses incidental to their issue,
redemption, replacement, retirement, and destruction.”
S e c t io n 402. Section 10 (b) of the Federal Reserve Act, as amended, is further amended
to read as follow s:

“ Section 10 (b ) in exceptional and exigent circumstances, and when any member bank
has no further eligible and acceptable assets available to enable it to obtain adequate credit
accommodations through rediscounting at the Federal Reserve Bank or any other method
provided by this Act other than that provided by Section 10 (a), any Federal Reserve Bank,
under rules and regulations prescribed by the Federal Reserve Board, may make advances to
such member bank on its time or demand notes secured to the satisfaction of such Federal
Reserve Bank. Each such note shall bear interest at a rate not less than 1 percentum per
annum higher than the highest discount rate in effect at such Federal Reserve Bank on that
date of such note. No advance shall be made under this section after March 3, 1934, or
after the expiration of such additional period not exceeding one year as the President may
prescribe.”
S e c t io n 403. Section 13 of the Federal Reserve Act, as amended, is amended b y adding
at the end thereof the following new paragraph:
“ Subject to such limitations, restrictions, and regulations as the Federal Reserve Board
may prescribe, any Federal Reserve Bank may make advances to any individual, partner­
ship, or corporation on the promissory notes of such individual, partnership, or corporation
secured by direct obligations of the United States. Such advances shall be made for periods
not exceeding 90 days and shall bear interest at rates fixed from time to time by the Federal
Reserve Bank, subject to the review and determination of the Federal Reserve Board.”

T IT L E V.
S e c t io n 501. There is hereby appropriated, out of any money in the Treasury not
otherwise appropriated, the sum of $2,000,000, which shall be available for expenditure, under
the direction of the President and in his discretion, for any purpose in connection with the
carrying out of this Act.
S e c t io n 502. The right to alter, amend, or repeal this Act is hereby expressly reserved.
If any provision of this Act, or the application thereof to any person or circumstances, is held
invalid, the remainder of the Act, and the application of such provision to other persons or
circumstances, shall not be affected thereby.”




G eorge

L.

H a r r is o n ,

Governor.
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FEDERAL RESERVE BANK
OF NEW YORK

J*Circular No. U 72T
L March 9, 1933 J

Proclamation of the President
To All Banking Institutions in
the Second Federal Reserve District:

For your information we quote below the text of a proclamation issued tonight by the
President of the United States.
PROCLAMATION
WHEREAS, ON MARCH 6, 1933, I, FRANKLIN D. ROOSEVELT, President of the
United States of America, by proclamation declared the existence of a national emergency and
proclaimed a bank holiday extending from Monday the 6th day of March to Thursday the 9th
day of March, 1933, both dates inclusive, in order to prevent the export, hoarding or earmarking
of gold or silver coin, or bullion or currency, or speculation in foreign exchange; and
WHEREAS, under the Act of March 9, 1933, all proclamations heretofore or hereafter
issued by the President pursuant to the authority conferred by Section 5 (b) of the Act of
October 6, 1917, as amended, are approved and confirmed; and
WHEREAS, said national emergency still continues, and it is necessary to take further
measures extending beyond March 9,1933, in order to accomplish such purposes;
NOW, THEREFORE, I, FRANKLIN D. ROOSEVELT, President of the United States
of America, in view of such continuing national emergency and by virtue of the authority vested
in me by Section 5 (b) of the Act of October 6,1917 (40 Stat. L. 411) as amended by the Act of
March 9,1933, do hereby proclaim, order, direct and declare that all the terms and provisions of
said proclamation of March 6, 1933, and the regulations and orders issued thereunder are hereby
continued in full force and effect until further proclamation by the President.
IN WITNESS WHEREOF I have hereunto set my hand and have caused the seal of the
United States to be affixed.
Done in the District of Columbia, this 9th day of March, in the year of our Lord One
Thousand Nine Hundred and Thirty-three, and
of the Independence of the United States the
One Hundredth and Fifty-seventh.
(SEAL)
By the President:
CORDELL HULL,
Secretary of State.




FRANKLIN D. ROOSEVELT.

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March
To

F

ederal

R eserve B

a n k oe

N

ew

Y

, 1933.

ork,

New York, N. Y.
Referring to your Circular No. 1169, dated March 9, 1933, the following is a list of the
names and addresses of persons, who on or after February 1, 1933, have withdrawn gold coin
or gold certificates from this bank, and who have not, to our knowledge, redeposited the same in
a bank on or before March 13,1933.
Name




Amount of
Gold Withdrawn

Address

Name of Bank

City or Town

State

Official Signature

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FEDERAL RESERVE BANK
OF NEW YORK

rCircular No. l i e s '!
k March 8, 1933 J

Regulations Issued by the Secretary o f the Treasury under the
President’ s Proclam ation Declaring a Bank Holiday

To all Bunking Institutions in the
Second: Federal Reserve District;

„ For your information, and superseding our circulars Nos. 1166 and 1167, dated March 6
and 7, 1933, we quote below the text of regulations which the Federal Reserve Board has ad­
vised us have been issued by the Secretary of the Treasury under the President’s Proclamation
declaring a bank holiday. These regulations now are being numbered or lettered by the Sec­
retary of the Treasury, for purposes of identification, and future references to regulations
already issued or to be issued will be by such numbers or letters.

NUMBERED REGULATIONS
1 Authorizing Federal Reserve Banks to make change, etc.
“ Secretary of Treasury has authorized all Federal Reserve Banks and all other banking
institutions to make change by the exchange of currency and/or coin of various denominations
for an exactly equal amount of currency and/or coin of other denominations but no gold or gold
certificates shall be paid out in making change. ’ ’
2 Granting access to safety deposit boxes, etc.
“ All banking institutions may allow their customers free access to the safety deposit boxes
and safes rented to such customers.”
3 Authorizing return of cash, checks and other items received after last closing hours
and not entered.
“ All banking institutions may upon request return intact and without restriction all cash,
checks, and other items delivered for deposit or collection which were received after the last clos­
ing of business hours and have not been entered on the books of such banking institution.”
4 Cashing Treasurer’s checks.

“ All banking institutions may continue, in accordance with usual practice, to cash checks
drawn on the Treasurer of the United States, provided that no gold or gold certificates shall be
paid out.”




I (V

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

a .

iosoi

5 Accepting payment on obligations.

“ Any banking institution may accept payments in cash or any other form acceptable to it on
account or in settlement of obligations payable at or to such institution.”

6 Permitting certain activities in connection with food or feed products.

“ Any banking institution may handle and collect drafts or other documents in connection
with the shipment, transportation or delivery of food or feed products, may pay out or permit
the withdrawal of such amounts of currency as shall be necessary in the judgment of such banking
institution in connection with such shipment, transportation or delivery of food or feed products,
and may perform such other banking functions as may be essential to the shipment, transportation
or delivery of food or feed products, provided, however, that no banking institution shall pay out or
permit the withdrawal of any gold or gold certificates. ”
Interpretation No. 1— Regulation D o f the Secretary o f the Treasury.

“ You are authorized to inform all banking institutions and others concerned that the term
jfo o d or feed products’ in regulation six, under the President’s Proclamation, promulgated
March 6, may be interpreted to include livestock on the way to slaughter.”

7 Authorizing special trust accounts, etc.

“ Deposits heretofore received by any banking institution pursuant to agreement or legislative
authority providing for segregation and for repayment without restriction may be paid on demand.
Any banking institution which was lawfully engaged in the business of receiving deposits prior to
March 6, 1933, may create special trust accounts for the receipt of new deposits which shall be sub­
ject to withdrawal on demand without any restriction or limitation and shall be kept separately in
cash or on deposit in Federal Reserve Banks or invested in obligations of the United States.
Federal Reserve Banks may open special accounts on their books for their member banks and
temporarily for nonmember banks arid may receive in such special accounts the proceeds of new
deposits received by such banking institutions. In making deposits with the Federal Reserve
Bank pursuant to this regulation the depositing bank shall in the case of each deposit indicate
to the Federal Reserve Bank by symbol or otherwise that the funds so deposited represent new
deposits made under this regulation. Upon receipt of such deposits such Federal Reserve Bank
shall credit the same in the special account of the depositing bank herein provided for and shall
hold the same solely for the repayment to such bank. Federal Reserve Banks shall permit the
withdrawal of any part or all of such new deposits by the depositing bank without restriction
provided that the depositing bank shall in such order or request for withdrawal indicate to the
Federal Reserve Bank by symbol or otherwise that such withdrawal is to be made from such
special account, provided however that no banking institution shall pay out or permit the with­
drawal of any gold or gold certificates.”
NOTE : “ The permission granted in regulation Number 7 that deposits heretofore received by
any banking institution pursuant to agreement or legislative authority providing for segregation
and repayment without restriction may be paid on demand, includes any bank in which any such
deposits have been redeposited by or on behalf of the receiving bank in accordance with such
agreement or legislative authority.”

8 Authorizing completion of settlements on certain checks.

“ Where settlement for checks charged by drawee institutions to the drawers accounts on its
books on or before March 4,1933, is incomplete, settlement may be completed where such settlement
does not involve the payment of money or currency.”




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

Authority p d .

10501

9 Authorizing certain deliveries from safekeeping*
“ Any banking institution may deliver to the person entitled thereto properly identified
documents and securities held by such institution for safekeeping.”

10 Authorizing certain activities by national or state banking institutions.
“ Any national or state banking institution may exercise its usual banking functions to such
extent as its situation shall permit and as shall be absolutely necessary to meet the needs of its
community for food, medicine, other necessities of life, for the relief of distress, for the payment
of usual salaries and wages, for necessary current expenditures for the purpose of maintaining
employment, and for other similar essential purposes: provided, however, that (1) every precau­
tion shall be taken to prevent hoarding or the unnecessary withdrawal of currency: (2) no state
banking institution shall engage in any transaction under this regulation which is in violation of
state or federal law or of any regulation issued thereunder: (3) no national banking association
shall engage in any transaction under this section which is in violation of any federal law or of
any order or regulation issued by the comptroller of the currency: and (4) no gold or gold
certificates shall be paid out. Each banking institution and its directors and officers will be held
strictly accountable for faithful compliance with the spirit and purpose as well as the letter of
this regulation.”
Interpretation No. 2.

“ Regulation Number Ten of March Seven under the President’s Proclamation of March Six
is held to authorize payments on account of pensions, workmen’s compensation disability insur­
ance, relief and unemployment.”
11 Authorizing deposits to secure advances to foreign branches.

“ Any bank having branch in a foreign country may deposit collateral in the United States to
secure advances to such branch in a foreign country, provided such transaction does not involve
any transfer of credit from the United States to a foreign country and any bank having branch
in an insular possession of United States may deposit United States Government securities or other
collateral for a similar purpose when under President’s Proclamation advances of local currency
in the insular possession may lawfully be made. ’ ’

12 Regarding issuance of certificates against sound assets.
‘ ‘ Clearing house associations and other associations organized to provide an adequately secured
medium of temporary exchange, are hereby permitted to issue certificates against sound assets of
banking institutions, such certificates to be deliverable by each institution to its creditors and de­
positors on a pro rata basis, provided, however, that no such certificates shall be issued before
Friday, March 10, 1933, without the consent of the Secretary of the Treasury addressed to the
Clearing House or other association proposing to issue such certificates, and further provided that
this permission may be revoked in the event that a national plan to meet the existing emergency
is proposed by the Secretary of the Treasury if in his opinion the success of such plan would be
inconsistent with the operation of the certificate plan. ”

13 Authorizing continuance trust activities.
‘ ‘ Any banking institution lawfully engaged in the business of acting as trustee, executor,
administrator, registrar of stocks and bonds, transfer agent, guardian of estates, assignee, receiver,
committee of estates of lunatics or in any other fiduciary capacity may continue to transact such
business in the normal and usual manner; provided that in the conduct of said business, except as
may be permitted by other regulations of the Secretary of the Treasury, such banking institution




3

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DECLASSIFIED
Authority f c .O . 1 0 5 0 1

shall not pay out or permit the withdrawal of coin or currency nor withdraw any trust or fiduciary
funds on deposit with any other department of the bank.”

14 Authorizing continuance fiscal agency operations Federal Reserve Banks.
“ Federal Reserve Banks are authorized to conduct their normal and usual operations as
fiscal agents of the United States in transactions pertaining to the exchange of obligations of the
United States, such as making exchange of denominations, exchanging coupon for registered bonds,
and vice versa, receiving registered bonds for transfer and effecting Commissioner of Public Debt
transactions. ’ ’

LETTERED REGULATIONS
(Certain Lettered Regulations Referring Solely to the United States Treasury or the Federal Reserve
Banks have not been published.)
C Authorizing purchase of gold and gold certificates by Federal Reserve Banks
“ (1) Payments in gold in any form will be made only under license issued by the Secretary
of the Treasury. This does not prohibit the deposit of gold and the usual payment therefor.
“ (2) Pay, as usual, all checks drawn on the Treasurer.of the United States, but not in gold,
when requested you are authorized to ship paper currency, other than gold certificates, in payment
of checks.
“ (3) Continue the usual currency transactions between the Treasury and the Federal reserve
banks and branches.”
G

Authorizing certain transactions between Federal Reserve Banks and member banks
“ Each Federal Reserve Bank may (1) make available to its member banks which, in the
judgment of the Federal Reserve Bank, are complying strictly with the spirit and purpose as well
as the letter of the regulations issued by the Secretary of the Treasury pursuant to the President’s
Proclamation declaring a bank holiday, such limited amounts of coin and/or currency (other than
gold or gold certificates) as shall be absolutely necessary in order to enable such member banks to
exercise the restricted functions permitted by such regulations, (2) extend to each such member
bank such limited amounts of discounts, advancements, and accommodations as shall be abso­
lutely necessary for the exercise of such restricted functions, and (3) make transfers of credit on
its books for such restricted purposes between the accounts of such member banks and/or non­
member clearing banks which, in the judgment of the Federal Reserve Bank, are complying strictly
with the spirit and purpose as well as the letter of such regulations; provided, however, that before
granting any such discounts, advancements or accommodations or making such limited payments
of coin and/or currency, the Federal Reserve Bank shall first require the member bank, (a) to
inform the Federal Reserve Bank of the amounts of coin and currency which it has on hand,
(b) to inform the Federal Reserve Bank of the circumstances giving rise to the need for additional
coin and/or currency, and (c) to deliver to the Federal Reserve Bank in exchange for other forms
of coin and/or currency or for credit on its books all gold and gold certificates held by such member
bank in its own right.”

H

Authorizing Federal Reserve Banks to handle checks and collection items arising out of
permitted operations
“ Federal Reserve Banks, in their discretion, are authorized to handle checks and collection
items arising out of the restricted banking operations permitted under the regulations of the




4

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

a .

10501

Secretary of the Treasury when it can reasonably be anticipated that funds satisfactory to the
Federal Reserve Bank can be provided for the payment of such checks and collection items; pro­
vided, however, that no gold or gold certificates shall be paid out by such Federal Reserve Banks.”

The Secretary of the Treasury has issued the following announcement and lias released
the same for publication:
“ In order to facilitate the prompt dissemination of information regarding and interpretation
of regulations issued by the Secretary of the Treasury pursuant to the President’s Proclamation,
dated March 6, 1933, declaring a bank holiday, it is requested that all inquiries for information
regarding and interpretation of any of such regulations coming from banks, banking institutions
and individuals, be made direct to the Federal Reserve Bank in their district. Unless such requests
are covered by interpretations previously issued by the Secretary of the Treasury, the Federal
Reserve Banks will secure such interpretations from the Secretary of the Treasury. All requests
for any special permission or consent required by the regulations should be made in accordance
with such regulations.”

As we are advised of the issuance of further regulations by the Secretary of the
Treasury under the President’s Proclamation declaring a bank holiday we will forward the
text thereof to banking institutions in this district.
.0*-

The text of the President’s Proclamation declaring a bank holiday is reprinted on page 7.




G eorge

L.

H

a r r is o n ,

G overnor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

(0501

FEDERAL RESERVE BANK
OF NEW YORK
.March

7,

1933

Regulations Issued by the Secretary o f the Treasury under the
President’ s Proclam ation Declaring a Bank H oliday
To all Banking Institutions in the
Second Federal Reserve District:

For your information, and supplementing our Circular No. 1166, dated March 6,1933, we
quote below thfe text of regulations which the Federal Reserve Board has advised us have been
issued by the Secretary of the Treasury under the authority conferred upon him by the
President’s Proclamation declaring a bank holiday:
“ Where settlement for cheeks charged by drawee institutions to the drawers accounts on its
books on or before March 4,1933, is incomplete, settlement may be completed where such settlement
does not involve the payment of money or currency.”
“ Any bank having branch in a foreign country may deposit collateral in the United States to
secure advances to such branch in a foreign country, provided such transaction does not involve
any transfer of credit from the United States to a foreign country and any bank having branch
in an insular possession of United States may deposit United States Government securities or other
collateral for a similar purpose when under President’s Proclamation advances of local currency
in the insular possession may lawfully be made. ’ ’
“ Any banking institution may deliver to the person entitled thereto properly identified
documents and securities held by such institution for safekeeping.”
“ Any national or state banking institution may exercise its usual banking functions to such
extent as its situation shall permit and as shall be absolutely necessary to meet the needs of its
community for food, medicine, other necessities of life, for the relief of distress, for the payment
of usual salaries and wages, for necessary current expenditures for the purpose of maintaining
employment, and for other similar essential purposes: provided, however, that (1) every precau­
tion shall be taken to prevent hoarding or the unnecessary withdrawal of currency: (2) no state
banking institution shall engage in any transaction under this regulation which is in violation of
state or federal law or of any regulation issued thereunder: (3) no national banking association
shall engage in any transaction under this section which is in violation of any federal law or of
any order or regulation issued by the comptroller of the currency: and (4) no gold or gold
certificates shall be paid out. Each banking institution and its directors and officers will be held
strictly accountable for faithful compliance with the spirit and purpose as well as the letter of
this regulation.”
“ Any banking institution lawfully engaged in the business of acting as trustee, executor,
administrator, registrar of stocks and bonds, transfer agent, guardian of estates, assignee, receiver,
committee of estates of lunatics or in any other fiduciary capacity may continue to transact such
business in the normal and usual manner; provided that in the conduct of said business, except as
may be permitted by other regulations of the Secretary of the Treasury, such banking institution
shall not pay out or permit the withdrawal of coin or currency nor withdraw any trust or fiduciary
funds on deposit with any other department of the bank.”
‘ ‘ Clearing house associations and other associations organized to provide an adequately secured
medium of temporary exchange, are hereby permitted to issue certificates against sound assets of
banking institutions, such certificates to be deliverable by each institution to its creditors and de-




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^

(0 5 0 1

positors on a pro rata basis, provided, however, that no such certificates shall be issued before
Friday, March 10, 1933, without the consent of the Secretary of the Treasury addressed to the
Clearing House or other association proposing to issue such certificates, and further provided that
this permission may be revoked in the event that a national plan to meet the existing emergency
is proposed by the Secretary of the Treasury if in his opinion the success of such plan would be
inconsistent with the operation of the certificate plan.”
“ Each Federal Reserve Bank may (1) make available to its member banks which, in the
judgment of the Federal Reserve Bank, are complying strictly with the spirit and purpose as well
as the letter of the regulations issued by the Secretary of the Treasury pursuant to the President’s
Proclamation declaring a bank holiday, such limited amounts of coin and/or currency (other than
gold or gold certificates) as shall be absolutely necessary in order to enable such member banks to
exercise the restricted functions permitted by such regulations, (2) extend to each such member
bank such limited amounts of discounts, advancements, and accommodations as shall be abso­
lutely necessary for the exercise of such restricted functions, and (3) make transfers of credit on
its books for such restricted purposes between the accounts of such member banks and/or non­
member clearing banks which, in the judgment of the Federal Reserve Bank, are complying strictly
with the spirit and purpose as well as the letter of such regulations; provided, however, that before
granting any such discounts, advancements or accommodations or making such limited payments
of coin and/or currency, the Federal Reserve Bank shall first require the member bank, (a) to
inform the Federal Reserve Bank of the amounts of coin and currency which it has on hand,
(b) to inform the Federal Reserve Bank of the circumstances giving rise to the need for additional
coin and/or currency, and (c) to deliver to the Federal Reserve Bank in exchange for other forms
of coin and/or currency or for credit on its books all gold and gold certificates held by such member
bank in its own right.”
“ Federal Reserve Banks, in their discretion, are authorized to handle checks and collection
items arising out of the restricted banking operations permitted under the regulations of the
Secretary of the Treasury when it can reasonably be anticipated that funds satisfactory to the
Federal Reserve Bank can be provided for the payment of such checks and collection items; pro­
vided, however, that no gold or gold certificates shall be paid out by such Federal Reserve Banks.”

The Secretary of the Treasury has issued the following announcement and has released
the same for publication:
“ In order to facilitate the prompt dissemination of information regarding and interpretation
of regulations issued by the Secretary of the Treasury pursuant to the President’s Proclamation,
dated March 6, 1933, declaring a bank holiday, it is requested that all inquiries for information
regarding and interpretation of any of such regulations coming from banks, banking institutions
and individuals, be made direct to the Federal Reserve Bank in their district. Unless such requests
are covered by interpretations previously issued by the Secretary of the Treasury, the Federal
Reserve Banks will secure such interpretations from the Secretary of the Treasury. All requests
for any special permission or consent required by the regulations should be made in accordance
with such regulations.”
NOTE: Interpretation o f Regulation Six Included in our Circular No. 1166, dated March 6,1933.

A telegram received today from the Secretary of the Treasury reads as follows:
“ You are authorized to inform all banking institutions and others concerned that the term
‘ food or feed products’ in regulation six, under the President’s Proclamation, promulgated
March 6, may be interpreted to include livestock on the way to slaughter.”




G eorge

L.

H a r r is o n ,

Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

(Q S0|

FEDERAL RESERVE BANK
OF NEW YORK

/"Circular No. 1166~l
L March
6,
1933 J

Regulations Issued by the Secretary o f the Treasury under the
President’ s Proclam ation Declaring a Bank Holiday

To all Banking Institutions in the
Second Federal FLeserve District:

For your information we quote below the text of regulations which the Federal Reserve
Board has advised us have been issued by the Secretary of the Treasury under the authority
conferred upon him by the President’s Proclamation declaring a bank holiday:
“ Secretary of Treasury has authorized all Federal Reserve Banks and all other banking
institutions to make change by the exchange of currency and/or coin of various denominations
for an exactly equal amount of currency and/or coin of other denominations but no gold or gold
certificates shall be paid out in making change.”
“ All banking institutions may allow their customers free access to the safety deposit boxes
and safes rented to such customers.”
“ All banking institutions may upon request return intact and without restriction all cash,
checks, and other items delivered for deposit or collection which were received after the last clos­
ing of business hours and have not been entered on the books of such banking institution. ’ ’
“ All banking institutions may continue, in accordance with usual practice, to cash checks
drawn on the Treasurer of the United States, provided that no gold or gold certificates shall be
paid out.”
“ Any banking institution may accept payments in cash or any other form acceptable to it on
account or in settlement of obligations payable at or to such institution.”
“ Any banking institution may handle and collect drafts or other documents in connection
with the shipment, transportation or delivery of food or feed products, may pay out or permit
the withdrawal of such amounts of currency as shall be necessary in the judgment of such banking
institution in connection with such shipment, transportation or delivery of food or feed products,
and may perform such other banking functions as may be essential to the shipment, transportation
or delivery of food or feed products, provided, however, that no banking institution shall pay out or
permit the withdrawal of any gold or gold certificates.”
“ Deposits heretofore received by any banking institution pursuant to agreement or legislative
authority providing for segregation and for repayment without restriction may be paid on demand.
Any banking institution which was lawfully engaged in the business of receiving deposits prior to
March 6, 1933, may create special trust accounts for the receipt of new deposits which shall be sub­
ject to withdrawal on demand without any restriction or limitation and shall be kept separately in

J Jf f l

Hr ( t * - )




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

pd. (0501

cash or on deposit in Federal Reserve Banks or invested in obligations of the United States.
Federal Reserve Banks may open special accounts on their books for their member banks and
temporarily for nonmember banks and may receive in such special accounts the proceeds of new
deposits received by such banking institutions. In making deposits with the Federal Reserve
Bank pursuant to this regulation the depositing bank shall in the case of each deposit indicate
to the Federal Reserve Bank by symbol or otherwise that the funds so deposited represent new
deposits made under this regulation. Upon receipt of such deposits such Federal Reserve Bank
shall credit the same in the special account of the depositing bank herein provided for and shall
hold the same solely for the repayment to such bank. Federal Reserve Banks shall permit the
withdrawal of any part or all of such new deposits by the depositing bank without restriction
provided that the depositing bank shall in such order or request for withdrawal indicate to the
Federal Reserve Bank by symbol or otherwise that such withdrawal is to be made from such
special account, provided however that no banking institution shall pay out or permit the with­
drawal of any gold or gold certificates.”

As we are advised of the issuance of further regulations by the Secretary of the
Treasury under the President’s Proclamation declaring a bank holiday we will forward the
text thereof to banking institutions in this district.
The text of the President’s Proclamation declaring a bank holiday is reprinted on the
following page.




G eorge

L.

H

a r r is o n ,

Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p

10 S O I

The President’s Bank Proclamation
The text of President Roosevelt*s proclamation on the banking situation, issued at the White
Mouse at 11 o’clock p. m., March 5, 1933, is as follows:
BY THE PRESIDENT OP THE UNITED STATES OF AMERICA.

A flrarlamaJton
WHEBEAS there have been heavy and unwarranted withdrawals of gold and currency from our banking institu­
tions for the purpose of hoarding; and
WHEBEAS continuous and increasingly extensive speculative activity abroad in foreign exchange has resulted in
severe drains oq the nation’s stocks of gold; and
WHEBEAS these conditions have created a national emergency; and
WHEBEAS it is in the best interests of all bank depositors that a period of respite be provided with a view to
preventing further hoarding oij coin, bullion or currency or speculation in foreign exchange and permitting the applica­
tion of appropriate measures to protect the interests of our people; and
WHEBEAS, it is provided in Section 5 (b) of the act of October 6, 1917 (40 stat. L. 411) as amended, “ that
the President may investigate, regulate or prohibit, under such rules and regulations as he may prescribe, by means of
licenses or otherwise, any transactions in foreign exchange and the export, hoarding, melting or earmarkings of gold or
silver coin or bullion or currency * * * ;
W HEBEAS, it is provided in Section 16 of the said act “ that whoever shall wilfully violate any of the provisions
of this act or of any license, rule or regulation issued thereunder, and whoever shall wilfully violate, neglect or refuse to
comply with any order of the President issued in compliance with the provisions of this act, shall, upon conviction,
be fined not more than $10,000 or, if a natural person, imprisoned for not more than ten years or both * * * ;
NOW, THEBEFOBE, I, FBAN KLIN D. BOOSEVELT, PBESIDENT OP THE UNITED STATES OP
AMEBICA, IN V IE W OP SUCH NATIONAL EMEBGENCY AND B Y VIBTUE of the authority vested in me by said
act and in order to prevent the export, hoarding or earmarking of gold or silver coin or bullion or currency, do hereby
proclaim, order, direct and declare that from Monday, the sixth day of March, to Thursday, the ninth day of March,
nineteen hundred and thirty-three, both dates inclusive, there shall be maintained and observed by all banking institu­
tions and all branches thereof located in the United States of America, including the Territories and Insular Posses­
sions, a bank holiday, and that during said period all banking transactions shall be suspended.
During such holiday, excepting as hereinafter provided, no such banking institution or branch shall pay out,
export, earmark or permit the withdrawal or transfer in any manner or by any device whatsoever of any gold or silver
coin or bullion or currency or take any other action which might facilitate the hoarding thereof; nor shall any such bank­
ing institution or branch pay out deposits, make loans or discounts, deal in foreign exchange, transfer credits from
the United States to any place abroad, or transact any other banking business whatsoever.
During such holiday, the Secretary of the Treasury, with the approval of the President and under such regula­
tions as may be prescribed, is authorized and empowered (a) to permit any or all of such banking institutions to perform
any or all of the usual banking functions, (b) to direct, require or permit the issuance of clearing house certificates, or
other evidences of claims of assets of banking institutions, and (c) to authorize and direct the creation in such banking
institutions of special trust accounts for the receipt of new deposits which shall be subject to withdrawal on demand
without any restriction or limitation and shall be kept separately in cash or on deposit in Federal Reserve Banks or
invested in obligations of the United States.
As used in this order the term “ banking institutions’ ’ shall include all Federal Reserve Banks, national banking
associations, banks, trust companies, savings banks, building and loan associations, credit unions, or other corporations,
partnerships, associations or persons, engaged in the business of receiving deposits, making loans, discounting business
paper, or transacting any other form of banking business.
IN W ITNESS WHEBEOF I have hereunto set my hand and caused the seal of the United States to be affixed.
Done in the City of Washington this 6th day of March, 1 A . M., in the year of Our Lord One Thousand Nine
Hundred and Thirty-Three, and of the Independence of the United States the one hundred and fifty-seventh.
By the President:
COBDELL HULL,
Secretary of State.




(SEAL)

FBAN KLIN D. BOOSEYELT.