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Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ X)♦ 1 0 5 0 1

t
Circular no. 597
March 9, 1934

FEDERAL RESERVE BANK
o f P h il a d e l p h ia

Banks in operation
Third Federal Reserve
District

To the bank addressed:

For your information, there are given on the following pages, lists of member
banks and non-member banks in the Third Federal Reserve District that have been
jigrmitted to resume operations under the executive order of the President dated
March 10, 1933, and subsequent regulations, and those which are operating under
restrictions.
This list has been made up from the best information available at the date of
going to press—March 9. It does not include private banks not under state super­
vision. All previous lists and supplements issued by this bank should be discarded.
This list does not take the place of the par list.

Very truly yours,
R. L.

A

u s t in

Chairman

1

j




v. /

Q )

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

p X)• (0SO)

MEMBER BANKS AUTHORIZED TO RESUME OPERATIONS
Under the President’s executive order of March 10, 1933,
and subsequent regulations.

D E LA W A R E

Dagsboro ......... First National Bank
Delaware City... Delaware City National Bank
Delmar .............First National Bank
Dover .............. First National Bank
Frankford........ First National Bank
Harrington....... First National Bank
Laurel.............. Peoples National Bank
Milford .............“First National Bank & Trust
Company
Milton.............. First National Bank
Odessa..............New Castle County National
Bank
Seaford............. First National Bank
Smyrna............. Fruit Growers National Bank &
Trust Company
Smyrna............. National Bank of Smyrna
Wilmington . . . . Central National Bank
Wilmington . . . . *Equitable Trust Company
Wilmington . . . . “
“Industrial Trust Company
Wilmington . . . .* Security Trust Company
Wilmington . . . . Union National Bank
Wilmington . . . . *Wilmington Trust Company
Wyoming ......... First National Bank
N E W JERSEY

Absecon ........... First National Bank
A t c o ................. Atco National Bank
Atlantic City . . . Boardwalk National Bank
Audubon...........Audubon National Bank
Barnegat..........First National Bank
Bay Head......... Bay Head National Bank
Beach Haven . . . Beach Haven National Bank &
Trust Company
Berlin .............. Berlin National Bank
Beverly.............First National Bank & Trust
Company
Blackwood........First National Bank & Trust
Company
Bordentown . . . . First National Bank
Bridgeton......... Bridgeton National Bank
Bridgeton......... Cumberland National Bank
Bridgeton......... Farmers & Merchants National
Bank
Burlington ....... Mechanics National Bank




N E W JERSEY (Continued)

Camden............American National Bank
Camden............*Camden Safe Deposit & Trust
Company
Camden............First Camden National Bank &
Trust Company
Camden............Third National Bank & Trust
Company
Cape M ay......... *Camden Safe Deposit & Trust
Co. (branch office)
Cape M ay......... Merchants National Bank
Cape May
Court House .. First National Bank
Clayton............. Clayton National Bank
Clementon........National Bank of Clementon
Collingswood .. . Citizens National Bank
Elmer .............. First National Bank
Florence ........... First National Bank
Glassboro......... First National Bank
Gloucester City. .*Camden Safe Deposit & Trust
Co. (branch office)
Haddonfield . . . . Haddonfield National Bank
Haddon Heights. First Camden National Bank &
Trust Co. (branch office)
Hamilton Square. First National Bank
Hightstown . . . . First National Bank
Hightstown . . . . *Hightstown Trust Company
Hopewell...........Hopewell National Bank
Lakehurst........First National Bank
Laurel Springs .. Laurel Springs National Bank
Mantua............. National Bank of Mantua
Marlton............. First National Bank
Mays Landing... First National Bank
Medford ........... The Burlington County
National Bank
Merchantville . . . Merchantville National Bank &
Trust Company
Millville.............Millville National Bank
Minotola...........First National Bank
Mount Holly . . . . Union National Bank & Trust
Company
Mullica Hill....... Farmers National Bank
New E gypt....... First National Bank
North
Merchantville.. Pensauken Township National
Bank
Oaklyn..............Oaklyn National Bank

* State banking institutions which are members of the federal reserve system.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

pd. (0501

NEW JERSEY (Continued)

PEN N SYLVAN IA

P a u ls b o ro ...........First National Bank & Trust
Company
Pedricktown . . . . First National Bank
P e m b e r to n .........Peoples National Bank & Trust
Company
Pennington.........First National Bank
Penns Grove . . . . Penns Grove National Bank &
Trust Company
Pitman ............... Pitman National Bank & Trust
Company
Point Pleasant . . Ocean County National Bank
Princeton . . . . . - . First National Bank
Princeton ...........*Princeton Bank & Trust
Company
Riverside ...........First National Bank
Riverside ...........*Riverside Trust Company
R o e b lin g .............First National Bank & Trust
Company
Salem ................. City National Bank & Trust
Company
Salem ................. Salem National Bank & Trust
Company
Stone Harbor . . . First National Bank
Swedesboro . . . . Swedesboro National Bank
Swedesboro . . . . * Swedesboro Trust Company
Toms R iver......... First National Bank
T re n to n ...............Broad Street National Bank
T re n to n ............... First-Mechanics National Bank
T re n to n T ............Prospect National Bank
T re n to n ............... Security National Bank
Ventnor City . . . Ventnor City National Bank
Vincentown . . . . First National Bank
V in e la n d .............Vineland National Bank &
Trust Company
West
Collingswood. . Memorial National Bank o f
Collingswood
W e s t v ille ........... First National Bank
W ild w o o d ...........Marine National Bank
Williamstown . . . First National Bank
W o o d b in e ...........Woodbine National Bank
W o o d b u ry ...........Farmers & Mechanics National
Bank
W o o d b u ry ...........First National Bank & Trust
Company
W ood stow n .........First National Bank
W oodstow n .........Woodstown National Bank &
Trust Company
Yardville ............. Yardville National Bank

A k r o n ................. Akron National Bank
A le x a n d ria ........ First National Bank
A llen tow n ........... Allentown National Bank
A llen tow n ........... Merchants National Bank
A llen tow n ........... Second National Bank
A lto o n a ............... First National Bank
A m b l e r ............... Ambler National Bank
Annville ............. Annville National Bank
Arendtsville . . . . National Bank o f Arendtsville
Ashland ............. Ashland National Bank
Ashland ............. Citizens National Bank
A s h le y ................. First National Bank
At g l e n ................. Atglen National Bank
Athens ............... Athens National Bank
Athens ................ Farmers National Bank
A u s t in ................. First National Bank
Avoca ................. First National Bank
Avondale ........... National Bank o f Avondale
Bakerton, Elmora
P. 0 .................. First National Bank o f Baker­
ton
B a l l y ................... First National Bank
Bangor ............... Merchants National Bank
B a m e sb o ro .........First National Bank
Bath ................... First National Bank
Beaver Springs . . First National Bank
Beech Creek . . . . Beech Creek National Bank
B ellefon te........... Farmers National Bank
B ellefon te........... First National Bank
B elleville.............Belleville National Bank
B elleville.............Farmers National Bank
B ellw ood ............. First National Bank
Bendersville . . . . Bendersville National Bank
Benton ............... Columbia County National
Bank
B ern ville ............. First National Bank
Berwick .............Berwick National Bank
Berwick ............. First National Bank
B e r w y n ............... Berwyn National Bank
Bethlehem ......... Bethlehem National Bank
Bethlehem ......... First National Bank & Trust
Company
B iglerville...........Biglerville National Bank
B ird s b o ro ........... First National Bank
Bloomsburg . . . . *Bloomsburg Bank-Columbia
Trust Company
Bloomsburg . . . . Farmers National Bank
Bloomsburg . . . . First National Bank
B lo ssb u rg ...........Citizens National Bank & Trust
Company




* State banking institutions which are members of the federal reserve system,

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

PENNSYLVANIA (Continued)

Blue B a l l ............. Blue Ball National Bank
Blue Ridge Sum­
mit ................. First National Bank
B o y e r to w n ......... Farmers National Bank & Trust
Company
National Bank & Trust Com­
B o y e r to w n .........
pany o f Boyertown
Bradford ........... Bradford National Bank
Bradford ........... Commercial National Bank
B r id g e p o r t......... Bridgeport National Bank
B r is to l................. Farmers National Bank of
Bucks County
'•Brownstown National Bank
Brownstown
B r y n M a w r......... Bryn Mawr National Bank
Camp H i l l ........... Camp Hill National Bank
Canton ............... First National Bank
C arbondale......... First National Bank
C a rlis le ............... *Carlisle Trust Company
First National Bank
Carrolltown
Lehigh National Bank
Catasauqua
National Bank of Catasauqua
Catasauqua
C ataw issa........... Catawissa National Bank
C ataw issa........... First National Bank
Center H a ll......... First National Bank
Centralia ........... First National Bank
C h a lfo n t............. Chalfont National Bank
Chambersburg . . National Bank o f Chambers­
burg
Chambersburg . . Valley National Bank
C h elten h a m ----- Cheltenham National Bank
C h e s te r............... *Chester-Cambridge Bank &
Trust Company
Delaware County National Bank
C h e s te r...............
C h e s te r............... First National Bank
Christiana ......... Christiana National Bank
Clarks S u m mi t . . Abington National Bank
Claysburg ........... First National Bank
Clearfield ........... * Clearfield Trust Company
Clearfield ........... County National Bank
Coaldale ............. First National Bank
Coalport ............. First National Bank
Coatesville ......... National Bank o f Chester Val­
ley
Coatesville ......... National Bank o f Coatesville
C ollegeville......... Collegeville National Bank
Columbia ........... Central National Bank
Columbia ........... First-Columbia National Bank
Conshohocken . . First National Bank
Conshohocken . . Tradesmens National Bank
Conyngham National Bank
Conyngham




(QSQ)

PENNSYLVANIA (Continued)

Coopersburg ..
Coplay .............
Coudersport . . .
Cresson .............
C resson a...........
Curwensville . .
D a le ...................
Dallas ...............
Dallastown . . . .
Danielsville . . .
Danville ...........
Danville ...........
Danville ...........
D a u p h in ...........
Denver .............
Dickson City ..
Dillsburg .........
Dover ...............
Downingtown ..
Doylestown . . .
Dry R u n ...........
D u b lin ...............
DuBois .............
DuBois .............
DuBois .............

.
.
.
.
.
.
.

First National Bank
Coplay National Bank
First National Bank
First National Bank
First National Bank
Curwensville National Bank
Dale National Bank
(Johnstown P. 0 .)
. First National Bank
. First National Bank and Trust
Company
. Danielsville National Bank
. Danville National Bank
. First National Bank
. *Montour County Trust Com­
pany
. Dauphin National Bank
. Denver National Bank
First National Bank
Dillsburg National Bank
Dover National Bank
Downingtown National Bank
Doylestown National Bank &
Trust Company
Path Valley National Bank of
Dry Run
Dublin National Bank
Deposit National Bank
DuBois National Bank
*Union Banking & Trust Com­
pany
Duncannon National Bank
Peoples National Bank
First National Bank
First National Bank
Perkiomen National Bank

Duncannon . . . .
Duncannon . . . .
D u n m ore...........
Dushore ...........
East Greenville
East Mauch
Chunk ........... Citizens National Bank
Easton ............. Easton National Bank
Easton ............. *Easton Trust Company
Easton ............. First National Bank & Trust
Company
Easton ............. Northampton National Bank
East Petersburg *East Petersburg State Bank
East Smithfield. First National Bank
East Strouds­
East Stroudsburg National
burg .............
Bank
East Strouds­
burg ............. Monroe County National Bank
Ebensburg . . . .
American National Bank
Ebensburg . . . .
First National Bank
Edwardsville .. Peoples National Bank

* State banking institutions which are members of the federal reserve system.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ AX (0 S O }

P E N N S Y L V A N IA (Continued)

P E N N S Y L V A N IA (Continued)

Egypt ................. *Farmer s Bank o f Egypt
E ld r e d ................. First National Bank
Elizabethtown .. First National Bank & Trust
Company
Elizabethville . . . First National Bank
Elkins Park . . . . Elkins Park National Bank
E lk la n d ............... Pattison National Bank
E lv e r s o n ............. Elverson National Bank
E ly s b u rg ............. First National Bank
E m a u s ...............Emaus National Bank
Ephrata ............. Ephrata National Bank
Ephrata ............. Farmers National Bank
E v e r e t t ............... First National Bank
E x e t e r ................. First National Bank
Factory ville . . . . First National Bank
Fairfield ............. First National Bank
Fannettsburg . . . Fannettsburg National Bank
Fawn Grove . . . . First National Bank
F le e tw o o d ...........First National Bank
Fogelsville ......... Fogelsville National Bank
F ra ck v ille ........... First National Bank
Fredericksburg. . First National Bank
F ree la n d ............. First National Bank
G a le to n ............... First National Bank
G a p ..................... Gap National Bank & Trust
Company
G en esee............... First National Bank
G etty sb u rg ......... First National Bank
G etty sb u rg ......... Gettysburg National Bank
Girardville ......... First National Bank
Glen Lyon ......... Glen Lyon National Bank
Glenside ............. Keswick National Bank
Greencastle . . . . Citizens National Bank
Greencastle . . . . First National Bank
H a lifa x ............... Halifax National Bank
Hallstead ........... First National Bank
Hanover ............. First National Bank
Harleysville . . . . Harleysville National Bank
H a rrisb u rg .........*Central Trust Company
H a rrisb u rg.........*Dauphin Deposit Trust Com­
pany
H a rrisb u rg......... Harrisburg National Bank
H a stin g s............. First National Bank
Hatboro ............. Hatboro National Bank
H a tfield ............... Hatfield National Bank
H a w le y ............... First National Bank
H a zle to n ............. First National Bank
H a zle to n ............. Hazleton National Bank
H a zle to n .............*Markle Banking & Trust Com­
pany

H a zleton .............*Peoples Savings & Trust Com­
pany
Hegins ............... First National Bank
H e r n d o n ............. Herndon National Bank
Hershey ............. Hershey National Bank
Highland Park,
Upper D arby. . State Road National Bank
Hollidaysburg . . Citizens National Bank
H onesdale........... Honesdale National Bank
H onesdale...........*Wayne County Savings Bank
Honey Brook . . . First National Bank
Hop Bottom . . . . Hop Bottom National Bank
H ou tzd ale...........*Houtzdale Trust Company
H ow a rd ............... First National Bank
Hughesville . . . . First National Bank
Hughes ville . . . . Grange National Bank o f Lyco­
ming County
Hummelstown . . Hummelstown National Bank
Huntingdon . . . . First National Bank
Huntingdon . . . . *Grange Trust Company
Huntingdon . . . . Union National Bank & Trust
Company
H y n d m a n ........... Hoblitzell National Bank
Intercou rse......... First National Bank
Jenkintow n.........*Jenkintown Bank & Trust Com­
pany
J e r m y n ............... First National Bank
Jersey Shore . . . Union National Bank
J e s s u p ................. First National Bank
Johnsonburg . . . Johnsonburg National Bank
Johnstown ......... Moxham National Bank
Johnstown .........United States National Bank
K a n e ................... First National Bank
Kennett Square. . National Bank & Trust Com­
pany o f Kennett Square
K in g sto n ............. First National Bank
K in g sto n .............Kingston National Bank
Knoxville ........... First National Bank
K u lp m on t...........*Dime Deposit Bank & Trust
Company
K u tz to w n ........... Kutztown National Bank
L a cey v ille........... Grange National Bank o f W yo­
ming County
Lake A r i e l ......... First National Bank
L a n ca ste r........... Conestoga National Bank
L a n ca s te r........... Fulton National Bank
L a n ca ste r........... Lancaster County National
Bank
L a n d isv ille......... First National Bank
Langhome ......... Peoples National Bank & Trust
Company




* State banking institutions which are members of the federal reserve system.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

pd. ( 0 5 0 1

PEN N SYLV AN IA (Continued)

PENNSYLVANIA (Continued)

L a n sd ale..............First National Bank
L an sd ow n e..........National Bank o f Lansdowne
L a n s fo rd ..............Citizens National Bank
L a n s fo rd ..............First National Bank
L a p o r te ................First National Bank
Lawrence ville . . . First National Bank
Lebanon ..............First National Bank
Lebanon ..............Lebanon National Bank
Lebanon ..............Peoples National Bank
L e e s p o r t..............First National Bank
L e h ig h to n ...........Citizens National Bank & Trust
Company
L e h ig h to n ...........First National Bank
Lemasters ..........Peoples National Bank
L e m o y n e .............*Lemoyne Trust Company
L e m o y n e .............West Shore National Bank
LeolaT................... .Leola National Bank
LeRaysville . . . . First National Bank
Lewisburg ...........Lewisburg National Bank
Lewisburg ..........Union National Bank
Lewistown ..........Citizens National Bank
Lewistown .........*Lewistown Trust Company
Lewistown ..........Mifflin County National Bank
Lewistown ..........Russell National Bank
L ib e r t y ............... .Farmers National Bank
Lilly ................... .First National Bank
Lincoln ................Lincoln National Bank
L it it z ................... .Farmers National Bank
L i t it z .....................Lititz Springs National Bank
L ittlestow n .........Littlestown National Bank
Liverpool ............First National Bank
Lock Haven . . . . First National Bank
Lock Haven . . . . *Lock Haven Trust Company
Loganton .............Loganton National Bank
L oy sv ille..............First National Bank
L uzern e............... Luzerne National Bank
M a d e r a ............... Madera National Bank
Mahanoy City . . First National Bank
Mahanoy City . . *Merchants Banking Trust Com­
pany
Mahanoy City . . Union National Bank
Malvern ...............National Bank of Malvern
Manheim .............Keystone National Bank
Manheim ...........Manheim National Bank
Mansfield .............First National Bank
Mapleton .............First National Bank
Marcus Hook . . . Marcus Hook National Bank
Marietta . . . . . . . First National Bank
Martinsburg . . . . First National Bank
Marysville .........First National Bank

Mauch Chunk . . Mauch Chunk National Bank
Maytown ........... Maytown National Bank
M c A d o o ............... First National Bank
McAllisterville . . Farmers National Bank
McClure ............. First National Bank
McConnellsburg . First National Bank
McConnellsburg . Fulton County National Bank
McVeytown ___ McVeytown National Bank
Mechanicsburg .. Second National Bank
Media ................. First National Bank
Mercersburg . . . First National Bank
M esh op p en .........First National Bank
M iddleburg.........First National Bank
Middletown . . . . *Citizens Bank & Trust Company
M ifflin ................. Peoples National Bank o f Mifflin
M ifflintow n......... First National Bank
M ifflintow n......... Juniata Valley National Bank
M ilfo r d ............... First National Bank
Millersburg . . . . First National Bank
Millerstown . . . . First National Bank
M illh eim .............Farmers National Bank & Trust
Company
Millville ............. First National Bank
M ilt o n ................. First Milton National Bank
M in ersville......... First National Bank
M in ersville......... Union National Bank
M ocanaqua.........First National Bank
Montgomery . . . Farmers & Citizens National
Bank
Montgomery . . . First National Bank
Montoursville . . . First National Bank
Montrose ...........First & Farmers National Bank
and Trust Company
Morton ............... Morton National Bank
M o s c o w ............... First National Bank
Mount Carmel . . First National Bank
Mount Carmel . . ^Liberty State Bank & Trust
Company
Mount Carmel . . Union National Bank
Mount Holly
S p r in g s ........... First National Bank
Mount Jewett . . . Mount Jewett National Bank
Mount Joy ......... First National Bank & Trust
Company
Mount Joy ......... Union National Mount Joy
Bank
Mount Union . . . Central National Bank
Mount Union . . . First National Bank
Mountville .........Mountville National Bank
M u n c y ................. Citizens National Bank




* State banking institutions which are members of the federal reserve system.

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

PE N N SYLV A N IA (Continued)

M y e rsto w n .........Myerstown National Bank
M y e rsto w n .........*Myerstown Trust Company
N a n ticok e........... First National Bank
Nanticoke . . . . . . Miners National Bank
N an ticok e...........Nanticoke National Bank
N a n ticok e...........*Peoples Savings & Trust Com­
pany
Nazareth ........... Nazareth National Bank &
Trust Company
Nazareth .........Second National Bank
N e f f s ................... Neffs National Bank
Nescopeck ......... Nescopeck National Bank
Nesquehoning . . First National Bank
New Albany . . . . First National Bank
New Bloomfield . First National Bank
New Cumber­
land ................. New Cumberland National
Bank
Newfoundland . First National Bank
. First National Bank
New Freedom
. Farmers National Bank & Trust
New Holland
Company
. Solebury National Bank
New Hope . . .
New Milford . . Grange National Bank of Sus­
quehanna County
New Oxford . . *Farmers & Merchants Bank
. Citizens National Bank
Newport . . . .
. First National Bank
Newport
First National Bank & Trust
Newtown
Company
(Bucks Co.)
. New Tripoli National Bank
New Tripoli .
Newville ............. Farmers National Bank
N e w v ille ............. First National Bank
N ich o ls o n ...........First National Bank
N orristow n .........Montgomery National Bank
N orristow n ........ ♦Montgomery Trust Company
N orristow n ........ *Norristown-Penn Trust Com­
pany
N orristow n .........Peoples National Bank
Northampton . . . Cement National Bank o f Sieg­
fried at Northampton
Northumberland. Northumberland National Bank
North Wales National Bank
North Wales
Valley National Bank
Numidia . . .
Nuremburg
First National Bank
First National Bank
O le y .............
Orangeville .
Farmers National Bank
1Orrstown Bank
8
Orrstown ..
Orwigsburg
First National Bank & Trust
Company




^ 0 ♦ (0 SO|

PE N N SYLV AN IA (Continued)

Osceola Mills . . . First National Bank o f Osceola
Oxford ................National Bank o f Oxford
Palmerton ..........First National Bank
Paoli ................... *Paoli Bank and Trust Company
P eck v ille ..............First National Bank
Pen A r g y l ...........First National Bank
Pen A r g y l ...........Pen A rgyl National Bank
Penbrook ...........National Bank o f Penbrook
Pennsburg ..........Farmers National Bank
P e r k a s ie .............First National Bank
P e te rsb u rg ..........First National Bank
Philadelphia . . . . Central-Penn National Bank
Philadelphia . . . . City National Bank
Philadelphia . . . . Corn Exchange National Bank
and Trust Company
Philadelphia . . . . Erie National Bank
Philadelphia . . . . *Fidelity-Philadelphia Trust
Company
Philadelphia . . . . First Camden National Bank
and Trust Company
(branch office)
Philadelphia . . . . First National Bank
Philadelphia . . . . *Gimbel Brothers Bank & Trust
Company
Philadelphia . . . . *Girard Trust Company
Philadelphia . . . . ^Integrity Trust Company
Philadelphia . . . . Kensington National Bank
Philadelphia . . . . Market Street National Bank
Philadelphia . . . . National Bank o f Germantown
&
Trust Compa
Philadelphia . . . . *Ninth Bank and Trust Com­
pany
Philadelphia . . . . North Broad National Bank
Philadelphia . . . . Northeast National Bank
Philadelphia . . . . *Penna. Company fo r Insurances
on Lives and Granting Annui­
ties
Philadelphia . . . . Philadelphia National Bank
Philadelphia . . . . *Provident Trust Company
Philadelphia . . . . Second National Bank
Philadelphia . . . . Tioga National Bank & Trust
Company
Philadelphia . . . . Tradesmens National Bank &
Trust Company
Philipsburg . . . . First National Bank
Phoenixville . . . . Farmers & Mechanics National
Bank
Pine G r o v e .........Pine Grove National Bank &
Trust Company
Pittston .............First National Bank

* State banking institutions which are members of the federal reserve system.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p A ) .

(0 5 01

PEN N SYLV AN IA (Continued)

PEN N SYLV AN IA (Continued)

Pittston ............. Liberty National Bank
Plymouth ........... First National Bank
P ly m o u th ........... Plymouth National Bank
Port Allegeny . . First National Bank
Portland .............Portland National Bank
Port R o y a l ......... First National Bank
Port R o y a l ......... Port Royal National Bank
P o ttsto w n ...........Citizens National Bank & Trust
Company
P o ttsto w n ...........National Bank o f Pottstown
P o ttsto w n ...........National Iron Bank
Pottsville ...........Miners National Bank
Pottsville ...........Penna. National Bank & Trust
Company of Pottsville
Prospect Park,
Norwood P. 0 .. *Interboro Bank & Trust Com­
pany
Q uakertow n___ Merchants National Bank
Q u akertow n ___ Quakertown National Bank
Q u akertow n ___ *Quakertown Trust Company
Q u arryville.........Farmers National Bank
Quarry v i l l e .........Quarryville National Bank
R a ls t o n ............... First National Bank
Rebersburg ___ Rebersburg National Bank
Red L i o n .............Farmers & Merchants National
Bank
Red L i o n .............First National Bank & Trust
Company
R eed sv ille........... Reedsville National Bank
R ich la n d ............. Richland National Bank
Ridgway . . . . . . . Elk County National Bank
R id g w a y ............. Ridgway National Bank
Ridley Park . . . . Ridley Park National Bank
Riegels v i l l e ......... First National Bank
Ringtown ...........First National Bank
Roaring S p rin g .. First National Bank
R o m e ................... Farmers National Bank
R o y e r s fo rd .........National Bank o f Royersford
St. Marys ........... St. Marys National Bank
St. M ic h a e l......... St. Michael National Bank
S a x to n ................. First National Bank
S a y r e ................... First National Bank
S a y r e ----------------Merchants & Mechanics Na­
tional Bank
Schaefferstown.. First National Bank
Schellsburg ----- First National Bank
Schnecksville . . . *Schnecksville State Bank
Schuylkill Haven. First National Bank & Trust
Company

Schuylkill Haven. *Schuylkill Haven Trust Com­
pany
Schwenksville . . National Bank & Trust Com­
pany o f Schwenksville
S cra n to n ............. First National Bank
S cra n ton .............Scranton National Bank
S cra n ton .............Third National Bank & Trust
Company
S elin sgrove.........Farmers National Bank
S elin sgrove.........First National Bank
Sellersville ......... Sellersville National Bank
S h a m ok in ...........Market Street National Bank
S h a m ok in ........... National Dime Bank
S h am ok in ...........*Shamokin Banking & Trust
Company
S h am ok in ........... W est End National Bank
Shenandoah . . . . Merchants National Bank
Shenandoah . . . . Miners National Bank
Shickshinny . . . . First National Bank
Shinglehouse . . . First National Bank
Shippensburg . . . First National Bank
Shippensburg . . . Peoples National Bank
Shoemakersville . First National Bank
S latin gton ...........Citizens National Bank
S latin gton ...........National Bank o f Slatington
Smethport .........Grange National Bank o f
McKean County
S ou d erton ...........Peoples National Bank
S ou derton ........... Union National Bank & Trust
Company
South F o r k ......... First National Bank
S p a n g ler............. First National Bank
Spring C i t y .........National Bank & Trust Com­
pany o f Spring City
Spring Grove . . . Spring Grove National Bank
Spring M ills ----- First National Bank
State College . . . First National Bank
State College — Peoples National Bank
Steelton .............*Steelton Bank & Trust Com­
pany
Stewartstown . . . First National Bank
Stewartstown . . . Peoples National Bank
S tra sb u rg ...........First National Bank
Strausstown . . . . Strausstown National Bank
S trou dsb u rg----- First-Stroudsburg National
Bank
Sunbury .............First National Bank
Susquehanna . . . City National Bank
Susquehanna . . . First National Bank
Swarthmore . . . . Swarthmore National Bank &
Trust Company




* State banking institutions which are members of the federal reserve system.

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ A )- ( 0 5 0 1

P E N N SY L V A N IA (Continued)

Swineford . . . .
Tamaqua . . . .
Tamaqua . . . .
Tamaqua . . . .
T e l f o r d ...........
Temple ...........
Thompsontown
Three Springs
T io g a ...............
T op ton .............
T o w a n d a .........
T o w a n d a .........
Tower City
Tremont . . . . .
Trevorton . . . .
Troy ...............
Tunkhannock .
Tunkhannock .
Turbotville . . .
Tyrone ...........
Ulster .............
Ulysses ...........
Watsontown ..
Watsontown ..
Waynesboro ..
Waynesboro ..
Weatherly . . .
Weissport . . . .
Wellsboro . . . .
Wellsville . . . .
Wernersville . .
W est Chester .
West Chester .




. First National Bank
. First National Bank
. ^Peoples Trust Company
. Tamaqua National Bank
, Telford National Bank
. *Temple State Bank
. Farmers National Bank
. First National Bank
. Grange National Bank
. National Bank o f Topton
. Citizens National Bank
r First National Bank
. Tower City National Bank
. Tremont National Bank
. First National Bank
. First National Bank
. Citizens National Bank
. W yoming National Bank
. Turbotville National Bank
. First-Blair County National
Bank
. First National Bank
. Grange National Bank of Pot­
ter County
. Farmers National Bank
. Watsontown National Bank
. Citizens National Bank & Trust
Company
. First National Bank & Trust
Company
. First National Bank
. Weissport National Bank
. First National Bank
. Wellsville National Bank
. Wernersville National Bank &
Trust Company
. First National Bank
. National Bank o f Chester
County & Trust Company

P E N N S Y L V A N IA (Continued)

W estfield ......... .. Farmers & Traders National
Bank
West Grove .. . . National Bank & Trust Com­
pany o f West Grove
Wilkes-Barre . .. First National Bank
Wilkes-Barre . . . Miners National Bank
Wilkes-Barre . .. Second National Bank
Wilkes-Barre . .. *Wilkes-Barre Deposit & Savings
Bank
Wilkes-Barre . . . W yoming National Bank
Williamsburg . . . Farmers & Merchants National
Bank
Williamsburg . . . First National Bank
Williamsport . . . First National Bank
Williamsport . . . *West Branch Bank & Trust Co.
Williamsport . . . Williamsport National Bank
Windsor ......... . . First National Bank
Wrightsville .. . . First National Bank
Wyalusing . . . . . National Bank of Wyalusing
Wyoming . . . . .. First National Bank
Wyomissing .. .. *Peoples Trust Co.
Y a r d le y ........... . . Yardley National Bank
York ............... . . Central National Bank & Trust
Company
York ............... . . Drovers & Mechanics National
Bank
York ............... .. Eastern National Bank
York ............... .. First National Bank
York ............... . . * Guardian Trust Company
York ............... . . Industrial National Bank o f
West York
York ............... .. Western National Bank
York ............... . . York County National Bank
York ............... . York National Bank & Trust
Company
York ............... . *York Trust Co.
York Springs . . First National Bank

* State banking1institutions which are members of the federal reserve system.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

p

(OSOj

NONMEMBER BANKS AUTHORIZED TO RESUME OPERATIONS
Under the President’s executive order of March 10, 1933,
and subsequent regulations.

DELAWARE
Bridgeville . . . . . Baltimore Trust Company
(branch o f Selbyville)
C a m den ............... Baltimore Trust Company
(branch o f Selbyville)
Claymont ...........Claymont Trust Company
C la y to n ............... Clayton Bank and Trust Com­
pany
Dover ................. Delaware Trust Company
(branch of Wilmington)
Dover ................. Farmers Bank (head office)
F e lt o n ................. Felton Bank
Frederica ...........Delaware Trust Company
(branch o f Wilmington)
Georgetown . . . . Farmers Bank
(branch o f Dover)
Georgetown . . . . Georgetown Trust Company
G reen w ood ......... Greenwood Trust Company
H a rrin g ton .........Peoples Bank
H a r t ly ................. West Dover Trust Company
L a u r e l................. Sussex Trust Company
(branch o f Lewes)
Lewes ................. Lewes Trust Company
Lewes ................. Sussex Trust Company
(head office)
Middletown ----- Delaware Trust Company
(branch o f Wilmington)
M ilfo r d ............... Milford Trust Company
M illsboro.............Millsboro Trust Company
M ilt o n ................. Sussex Trust Company
(branch of Lewes)
N e w a rk ............... Farmers Trust Company
N e w a rk ............... Newark Trust Company
New C a s tle ......... New Castle Trust Company
Rehoboth ...........Rehoboth Trust Company
St. Georges . . . . . St. George’s Trust Company
S e a fo r d ...........
Seaford Trust Company
Selbyville ........... Baltimore Trust Company
(main office)
T ow n sen d ...........Townsend Trust Company
Wilmington . . . . Artisans Savings Bank
Wilmington . . . . Citizens Savings Bank, Inc.
Wilmington . . . . City Bank & Trust Company
Wilmington ----- Colonial Trust Company
Wilmington . . . . Commercial Trust Company
Wilmington . . . . Delaware Trust Company
(main office)
Wilmington . . . . Farmers Bank
(branch o f Dover)




DE LAW A RE (Continued)

Wilmington . . . . Provident Savings & Loan Asso­
ciation
Wilmington . . . . Wilmington Morris Plan Bank
Wilmington . . . . Wilmington Savings Fund
Society
NEW JERSEY

Atlantic City . . . Bankers Trust Company
Atlantic City . . . Equitable Trust Company
Atlantic City . . . Guarantee Trust Company
B a rrin g to n .........Suburban Commercial Bank
Bordentown . . . . Bordentown Banking Company
Burlington .........Burlington Savings Institution
C am den............... North Camden Trust Company
C am den............... W est Jersey Trust Company
C la y to n ............... Clayton Title & Trust Company
E gg Harbor C ity. E gg Harbor City Trust Com­
pany
E gg Harbor C ity. E gg Harbor Commercial Bank
Elmer ................. Elmer Trust Company
Gloucester .........Gloucester City Trust Company
Haddonfield . . . . Haddonfield Trust Company
Hammonton . . . . Peoples Bank & Trust Company
Margate City . . . Margate Trust Company
Moorestown . . . . Burlington County Trust Com­
pany
Mount Holly . . . . Farmers Trust Company
Penns Grove . . . . Peoples Bank o f Penns Grove
Pitman ............... Pitman Title & Trust Company
Pleasantville . . . . Pleasantville Trust Company
Princeton ...........Princeton Savings Bank
R iv e r t o n .............Cinnaminson Bank & Trust
Company
Toms R iv e r .........Ocean County Trust Company
T ren ton ...............Hanover-Capital Trust Com­
pany
T re n to n ...............Trenton Banking Company
T re n to n ............... Trenton Saving Fund Society
T re n to n ...............Trenton Trust Company
T u ck erton ...........Tuckerton Bank
V in ela n d .............Tradesmens Bank & Trust Com­
pany
W ild w o o d ........... Union Bank
W o o d b u ry ...........Woodbury Trust Company

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

P E N N SY L V A N IA

Abbottstown . . . . Abbottstown State Bank
A b in g ton .............Abington Bank & Trust Com­
pany
A llen tow n ...........Lehigh Valley Trust Company
A lto o n a ...............Altoona Trust Company
A lto o n a ............... Central Trust Company
Alum B a n k ......... Bedford County Bank
A m b le r ............... Ambler Trust Company
A m b le r ............... Daniel Signore (private bank)
A r d m o r e .............Main Line Trust Company
A v i s ..................... State Bank o f Avis
B e lle fo n te ...........Bellefonte Trust Company
Berwick .............-Berwick Savings & Trust Com­
pany
Bethlehem ......... E. P. Wilbur Trust Company
Boiling Springs. . Boiling Springs State Bank
B r a d fo rd .............Producers Bank & Trust Com­
pany
B r fs to l................. Bristol Trust Company
Bryn M a w r .........Bryn Mawr Trust Company
Campbelltown . . Campbelltown Bank
C arbondale.........Liberty Discount & Savings
Bank
Carbondale.........Pioneer Dime Bank
C a rlis le ............... Carlisle Deposit Bank & Trust
Company
C a rlis le ............... Farmers Trust Company
Chambersburg . . Chambersburg Trust Company
Chambersburg . . Farmers & Merchants Trust
Company
C h e s te r...............Delaware County Trust Com•
pany
C h e s te r............... Frank E. DeFuria
(private bank)
Columbia ...........Columbia Trust Company
Coudersport . . . . Citizens Safe Deposit & Trust
Company
Coudersport . . . . Coudersport Trust Company
Curwensville . . . Curwensville State Bank
D alm atia.............Farmers State Bank
D a lto n ................. Central State Bank
Doylestown . . . . Doylestown Trust Company
DuBois ............... Peoples State Bank
D u n m ore.............Fidelity Deposit & Discount
Bank
East B e r lin .........Peoples State Bank
East Pro spe ct . . . East Prospect State Bank
Easton ............... Lafayette Trust Company
Elizabethtown . . Elizabethtown Trust Company
Elizabethville . . . Lykens Valley Bank
Emporium .........Emporium Ttust Company




^ A )» ( 0 SO1

P E N N SY L V A N IA (Continued)

E n o la ................... Peoples Bank o f Enola
E s sin g to n ........... Tinicum Bank
Fort Loudon . . . . Fort Loudon State Bank
Forty F o r t ......... Forty Fort State Bank
Freeburg ...........Freeburg State Bank
F re e la n d ............. Citizens Bank
Glen R o c k ........... Glen Rock State Bank
Glen R o c k ...........Peoples Bank o f Glen Rock
Hamburg ...........Hamburg Savings & Trust Com­
pany
Hanover ............. Farmers State Bank
Hanover .............Hanover Saving Fund Society
Hanover .............Hanover Trust Company
H a n o v e r .............Peoples Bank of Hanover
H a rrisb u rg .........Allison-East End Trust Com­
pany
H a rrisb u rg.........Camp Curtin Trust Company
H a rrisb u rg.........Citizens Trust Company
H a rrisb u rg .........Harrisburg Trust Company
H a rrisb u rg .........Keystone Trust Company
H a rrisb u rg .........Market Street Trust Company
H a stin g s.............Hastings Bank
H a w le y ...............Hawley Bank
H ellertow n .........Saucon Valley Trust Company
Hershey .............Hershey Trust Company
H ig h s p ire ...........Highspire State Bank
Hollidaysburg. . . Hollidaysburg Trust Company
H onesdale...........Farmers & Merchants Bank
H onesdale...........Honesdale Dime Bank
Honey Brook . . . Honey Brook Trust Company
Hummelstown . . Farmers Bank
Hummels W h a rf. Snyder County State Bank
Huntingdon
V a lle y .............Huntingdon Valley Trust Com­
pany
Johnstown .........Johnstown Savings Bank
Jonestown .........Jonestown Bank & Trust Com­
pany
K a n e ................... Kane Bank & Trust Company
K a n e ................... Kane Trust & Savings Company
K u tz to w n ...........Farmers Bank & Trust Com­
pany
L a n sfo rd .............Dime Bank
L a u r e lto n ...........Laurelton State Bank
Lebanon .............Farmers Trust Company
Lebanon ............. Lebanon County Trust Com­
pany
L e b a n o n .............North Side Bank & Trust Com­
pany
Lewisburg .........Lewisburg Trust & Safe De­
posit Company

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

^ X )» (0 S O |

P E N N SY L V A N IA (Continued)

P E N N SY L V A N IA (Continued)

Macungie ........... Macungie Bank
Marion ............... Marion Bank
M atam oras.........Bank o f Matamoras
Mauch Chunk . . Mauch Chunk Trust Company
Mayfield .............Mayfield State Bank
McSherrystown . Farmers Bank
Mechanicsburg . . First Bank & Trust Company
M iddletow n.........Farmers Trust Company
M ifflinbu rg......... Mifflinburg Bank & Trust Com­
pany
M illersburg.........Millersburg Trust Company
Mill H a l l ...........: Mill Hall State Bank
M ilr o y ................. Milroy Banking Company
M ilt o n ................. Milton Trust & Safe Deposit
Company
M in grsville.........Michael Boruch (private bank)
Miners v i l l e .........Vincenzo Laudadio
(private bank)
Mont A l t o ...........Mont Alto State Bank
M orrisv ille.........Morrisville Trust Company
Mount Carmel . . Guarantee Trust & Safe Deposit
Company
Mount Penn . . . . Mount Penn Trust Company
M u n c y ................. Muncy Banking Company
N e w b e r ry ...........Bank o f Newberry
New Cumberland. New Cumberland Trust Com­
pany
N ewEnterprise.. New Enterprise Bank
New Philadelphia
(Silver Creek
P. O . ) .........Silver Creek State Bank
Newtown ...........Newtown Title & Trust Com­
pany
Old F o r g e ........... Old Forge Discount & Deposit
Bank
Oxford ............... Peoples Bank
P alm erton...........Citizens Bank & Trust Company
Palmyra .............Palmyra Bank & Trust Com­
pany
Palmyra .............Valley Trust Company
P a r a d is e ............. State Bank o f Paradise
Parkesburg . . . . Farmers Bank o f Parkesburg
P a rs o n s............... Citizens Bank
P enbrook .............Penbrook Trust Company
P e r k a s ie ............. Perkasie Trust Company
Philadelphia . . . . Banca Com m erciale Italiana
Trust Company
Philadelphia . . . . Banca d’ltalia & Trust Company
Philadelphia . . . . Beneficial Saving Fund Society
Philadelphia . . . . Broad Street Trust Company

Philadelphia . . . . Chestnut Hill Title & Trust
Company
Philadelphia . . . . Citizens & Southern Bank &
Trust Company
Philadelphia . . . . Finance Company o f Pennsyl­
vania
Philadelphia . . . . First Trust Company
Philadelphia . . . . Frankford Trust Company
Philadelphia . . . . Germantown Trust Company
Philadelphia . . . . Industrial Trust Company o f
Philadelphia
Philadelphia . . . . Liberty Title & Trust Company
Philadelphia . . . . M. G. Marian, trading as the
Marian Bank (private bank)
Philadelphia . . . . Mitten Bank and Trust Com­
pany
Philadelphia . . . . Northern Trust Company
Philadelphia . . . . North Philadelphia Trust Com­
pany
Philadelphia . . . . Pennsylvania Warehousing &
Safe Deposit Company
Philadelphia . . . . Philadelphia Savings Fund So­
ciety
Philadelphia . . . . Real Estate-Land Title & Trust
Company
Philadelphia . . . . Real Estate Trust Company of
Philadelphia
Philadelphia . . . . Roosevelt Bank
Philadelphia . . . . The Rzepski Bank
(private bank)
Philadelphia . . . . Savings Fund Society o f Ger­
mantown & Its Vicinity
Philadelphia . . . . Sonsitaly Bank & Trust Com­
pany
Philadelphia . . . . United Savings & Beneficial
Association (private bank)
Philadelphia . . . . The Western Saving Fund So­
ciety
Philadelphia . . . . W yoming Bank & Trust Com­
pany
Philadelphia . . . . W. Wallace Alexander, trading
as A lexa n der Savings A c ­
count (private bank)
Phoenixville . . . . Phoenixville Trust Company
Pittston .............Miners Savings Bank
Port Matilda . . . . Community Bank
P o ttsto w n ...........Security Trust Company of
Pottstown
Pottsville ...........Safe Deposit Bank
Pottsville ...........Schuylkill Trust Company
Pottsville ...........Union Bank & Trust Company
Prospect Park .. Prospect Park State Bank




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

P E N N SY L V A N IA (Continued)

Reading .............Berks County Trust Company
Reading .............Tobias Knoblach (private bank)
Reading .............Reading Trust Company
R eam stow n.........Reamstown Exchange Bank
R ich fie ld .............Richfield Bank
R o b e so n ia ...........Robesonia State Bank & Trust
Company
St. Marys ...........St. Marys Trust Company
St. T h o m a s .........St. Thomas Bank
Salix ................... Salix State Bank
S cra n to n .............East Scranton State Bank
S cra n ton ...........r Green Ridge Bank
S cra n ton ............. North Scranton Bank & Trust
Company
S cra n to n .............Pennsylvania Trust Company
S cra n to n .............Providence Bank
S cra n to n .............Scranton-Lackawanna Trust
Company
S cra n to n .............South Side Bank & Trust Com­
pany
S cra n to n .............W est Side Bank
S elin sgrove.........Snyder County Trust Company
S h a m ok in ...........Guarantee Trust & Safe Deposit
Company
S h a m o k in ...........Peoples Trust Company
Shiremanstown.. Shiremanstown State Bank
Sinking Spring .. Sinking Spring Bank
Smethport .........Hamlin Bank & Trust Company
Southampton . . . Southampton State Bank




px). 10501

P E N N SY L V A N IA (Continued)

South F o r k ......... Union Deposit Bank
South Williams­
port ................. Bank o f South Williamsport
S p a n g le r.............Keystone Bank
Steelton .............Peoples Bank
Stroudsburg
Stroudsburg Security Trust
Company
Summit Hill Trust Company
Summit Hill
U n ion ville...........Peoples Bank o f Unionville
Vintondale ........ Vintondale State Bank
Walnutport . . . . Walnutport State Bank
W a y n e ................. Wayne Title & Trust Company
W e lls b o r o ...........Tioga County Savings & Trust
Company
Dime Savings Bank o f Chester
West Chester
County
Miners Bank & Trust Company
West Hazleton
West Milton .
West Milton State Bank
West Side Bank
West Pittston
White Haven Savings Bank
White Haven
Hanover Bank & Trust Com­
Wilkes-Barre
pany
Savings Institution o f the City
Williamsport
o f Williamsport
Citizens Bank of Wind Gap
Wind Gap .
Womelsdorf Bank & Trust Com­
Womelsdorf
pany
Woodbury .
Farmers State Bank
Wyalusing
Peoples State Bank
York Haven State Bank
York Haven

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p d .

(0501

MEMBER BANKS OPERATING UNDER RESTRICTIONS

N E W JERSEY

L a k e w o o d ...........Peoples National Bank
Ocean C i t y ......... Ocean City National Bank
Pleasantville . . . . First National Bank

P E N N SY L V A N IA (Continued)

Lykens ...........
Philadelphia ..
Philadelphia ..

Tuckahoe ...........Tuckahoe National Bank
P E N N SY L V A N IA

Bedford

.............Farmers National Bank & Trust
Company

B u rn sid e.............Burnside National Bank
H a zle to n ............^American Bank & Trust Com­
pany

Philadelphia ..
Philadelphia . .
Reading .........
Reading .........
Reading .........
Williamstown .

.^Miners Deposit Bank & Trust
Company
. Commercial National Bank
. Northwestern National Bank &
Trust Company
. Sixth National Bank
. Southwestern National Bank
. Farmers National Bank & Trust
Company
. Penn National Bank & Trust
Company
. Reading National Bank & Trust
Company
. *Williams Valley Bank

* State banking institutions which are members of the federal reserve system.

NONMEMBER BANKS OPERATING UNDER RESTRICTIONS

N E W JERSEY

P E N N SY L V A N IA (Continued)

Cape May Court
House ............. Cape May County Title & Trust
Company

Johnstown .........Johnstown State Deposit Bank
Johnstown .........Johnstown Trust Company
Johnstown ......... Morrellville Deposit Bank
L a n ca ste r........... Farmers Trust Company
L a n ca ste r...........Northern Trust & Savings
Company
Mahanoy City . . American Banking Trust Com­
pany
Mechanicsburg . . Mechanicsburg Trust Company
M o h n to n ............. Mohnton Trust Company
Philadelphia . . . . Kensington Security Bank &
Trust Company
Reading ............. Pennsylvania Trust Company
S h illin g ton ......... The Shillington Bank
Williamstown . . . Miners & Merchants Bank

P E N N SY L V A N IA

Bethlehem .........Gosztonyi Savings and Trust
Company
Bowmanstown . . Citizens Bank o f Bowmanstown
EastConemaugh. United States Savings & Trust
Company o f Conemaugh
H a rrisb u rg......... Commonwealth Trust Company
H a rrisb u rg.........Union Trust Company o f Penn­
sylvania
Jersey Shore . . . . Jersey Shore Trust Company
Jersey Shore . . . . The State Bank o f Jersey Shore




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

Fed eral Reserve
of

a. I 5 I
QQ

bank

Transactions in foreign exchange,
transfers of credit and the export
of coin and currency.

Ph il a d e l p h ia

To all banking institutions, foreign exchange bankers or other
interested persons in the Third Federal Reserve District:




For your information and guidance there are printed on the following
pages copies of two executive orders issued by the President of the United States
and a copy of a proclamation of the President of the United States:
1. An executive order under date of January 15, 1934, regulating
transactions in foreign exchange, transfers of credit, and the export
of coin and currency.
2. An executive order of January 15, 1934, amending the executive order
of March 10, 1933, and the proclamation of December 30, 1933,
concerning the operation of banks.
3. A proclamation dated December 30, 1933, amending proclamations
of March 6 and March 9, 1933, and the executive order of March 10,
1933 and all orders and regulations pursuant thereto.
You are requested to give these executive orders the widest publicity possible.
Yours very truly,
G eo.

W.

N orris

Governor

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

£)♦ ( 0

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 of 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 following regulations for the investiga­
tion, 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 io 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 transfers of credit may be carried out without a license
for (a) normal commercial or business requirements, (b) reasonable travelling and other
personal requirements, or (c) the fulfillment of legally enforceable obligations incurred
prior to March 9, 1933.
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 io n 2.

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
S ec t io n 3.

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, transfers of credit and
exports of currency (other than gold certificates) or silver coin in such specific cases or classes
of cases as the Secretary of the Treasury may determine in regulations prescribed here­
under and rulings made pursuant thereto.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

AX t O S Q j

4. Reports. The Federal reserve banks shall keep themselves currently in­
formed 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 trans­
actions 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 tio n

S e c tio n 5. Regulations. The Secretary of the Treasury is authorized and em­
powered 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 Secretary 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.

Whoever willfully violates or knowingly participates in the
violation of any provision of this executive order or of any licenses, order, rule, or regulation
issued or prescribed hereunder, shall be subject to the penalties provided in section 5 (b) of
the Act of October 6,1917 as amended by section 2 of the Act of March 9, 1933.
S e c tio n 6.

Penalties.

7. Definitions. As used in this executive order the term “ United States”
means the United States and any place subject to the jurisdiction thereof; the term “ con­
tinental 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 institution” 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
correspondent of any person so engaged shall be regarded as a separate “ banking institution” .
S e c tio 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.
S e c tio n

This executive order and any rules, regulations, or licenses prescribed or issued
hereunder may be modified or revoked at any time.
FRANKLIN D. ROOSEVELT
The White House
January 15,1934
(A copy of the executive order of August 28,1933, to which reference is made in section 8 o f the above executive order,
was issued as our circular No. 565, dated August 31,1933.)




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p d .

(0501

EXECUTIVE ORDER

Amending the executive order of March 10, 1933, and the procla­
mation of December 30,1933, concerning the operation of 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 ec t io 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 travelling 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.
S e c t io n 2. The proclamation of December 30, 1933, relating to the licensing of
banking institutions 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 undertaken for legitimate and normal business requirements, for
reasonable travelling and other personal requirements, and for the ful­
fillment of contracts entered into prior to March 6, 1933.”

S e ct io n 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 execu-




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

1050}

tive order; nor shall the amendment of the executive order of March 10, 1933, or the procla­
mation 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 provision of law affecting transactions in foreign exchange.
FRANKLIN D. ROOSEVELT
The White House
January 15, 1934

Ypu are requested to give these executive orders the widest publicity possible,
Yours very truly,
G eo. W . N

orris

Governor

A PROCLAMATION

By the President of the United States o f America

mi tending Proclamations of March 6 and March 9, 1933, and the Executive Order
o f March 10, 1933 and All Order and Regulations Pursuant Thereto

on March 6, 1933, 1, 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 ereas,

on March 9, 1933, I issued a Proclamation continuing the terms and con­
ditions of said Proclamation of March 6, 1933, in full force and effect until further procla­
W

hereas,

mation by the President;
W

h er eas,

on March 10, 1933, I issued an executive order authorizing the appro­

priate authority having immediate supervision of banking institutions in each State or
any place subject to the jurisdiction 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

hereas,

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;




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p ^0* 10 S O I

W h e r e a s , the Federal Deposit Insurance Corporation has acted upon all applica­
tions 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

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 control over, banking institutions not members of the Federal Reserve
System;
W h ereas,

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 sub­
ject to the jurisdiction of the United States shall have and exercise the sole re­
sponsibility for, and control over, banking institutions which are not members of the
Federal Reserve System, do hereby proclaim, order, direct, and declare that the proclama­
tions 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 institu­
tions 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 under­
taken for legitimate and normal business requirements, for reasonable travelling and other
personal requirements, and for the fulfillment of contracts entered into prior to March
6, 1933.
In w it n e s s w h e r e o f , I have hereunto set my hand and caused the seal of the United
States to be affixed.
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 independence 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 proclamation, may
be found in the Federal Reserve Bulletin of March 1933.)




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

a .

(0 5 0 1

REC’D IN FILES SECTION
Ja

AUG 241954
\ h a , -

T H IR D FEDERAL RESERVE D IS T R IC T
A P R IL 19, 1 9 3 3

FOURTH
SUPPLEMENTARY LIST OF BANKS GRANTED LICENSES TO REOPEN
CAUTION. Your special attention is called to the fact that in the collection of checks,
a check drawn on a bank which has not been licensed should not be considered as uncollect­
ible. Such checks may be drawn against “ special accounts” authorized under regulation No. 7
issued by the Secretary of the Treasury.
This list has "been prepared by the Federal Reserve Bank of Philadelphia from the best information
available, and supplements all previous lists.

This list does not take the place of the par list.
The following member banks have been licensed to resume operations without restrictions
other than those applicable to all banking institutions under Executive Order of March 10, 1933.

PENNSYLVANIA
Elizabethville.................................................. First National Bank*
Milford .............................................................. First National Bank

^License effective April 20, 1933.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority f r a .

(0 5 0 1

REC’D IN FILES SECTION

AUG 2 41954

/f)

Lf'\

T H IR D FEDERAL R ESERVE D IS T R IC T
A P R IL S,

1933

THIRD
SUPPLEMENTARY LIST OF BANKS GRANTED LICENSES TO REOPEN
CAUTION. Your special attention is called to the fact that in the collection of checks,
a check drawn on a bank which has not been licensed should not be considered as uncollect­
ible. Such checks may be drawn against “ special accounts” authorized under regulation No. 7
issued by the Secretary of the Treasury.
This list has been prepared by the Federal Reserve Bank of Philadelphia from the best information
available, and supplements all previous lists.

This list does not take the place of the par list.
The following member bank has been licensed to resume operations without restrictions
other than those applicable to all banking institutions under Executive Order of March 10, 1933.

PENNSYLVANIA
Jersey Shore




Union National Bank

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p x ) .

(0 5 0 1

T b e c ’d in f i l e s sectionTJ

MAR 1 51950
f
C IR C U L A R

Fed eral R eserve Ba n k
of

To A l l

P h il a d e l p h ia

B a n k in g

M A R CH

N O . 547

31. 1933

R E G U L A T IO N S U N D E R
P R E S ID E N T ’S P R O C L A M A T IO N

In s t it u t io n s

In T h e T h ir d F e d e r a l R e s e r v e D i s t r i c t :

Under authority conferred upon him by the President’s proclam ation declaring a bank
holiday, the Secretary o f the Treasury has issued the follow in g additional regulations up to
d a te :




30.

Banking institutions w hich are m embers o f the F ederal Reserve
System and o f which actual possession and control have been
taken (a ) by conservators appointed pursuant to the A ct o f
M arch 9, 1933, or (b ) by appropriate state officials appointed
pursuant to state law, as permitted by the President’s executive
order o f M arch 18, 1933, are permitted to transact such limited
banking functions as m ay be authorized in accordance with law
by the Com ptroller o f the Currency in the case o f national banks,
or by the appropriate state officials in the case o f state m em ber
b an k s; provided, how ever, that no such banking institution shall
reopen fo r the perform ance o f its usual and normal functions
until it shall have received a license from the Secretary o f the
Treasury.
This regulation shall not authorize any transaction with respect to
the export or paying out o f gold, or gold certificates, w ithdraw al
o f currency fo r hoarding or transactions in foreign exchange pro­
hibited or restricted by the executive order o f M arch 10, 1933.

31.

A ny banking institution which is a m em ber o f the F ederal Reserve
System and is not licensed to perform usual banking functions,
but w hich is duly authorized to engage in the business o f acting
as trustee, executor, administrator, registrar o f stocks and bonds,
transfer agent, guardian o f estates, assignee, receiver, committee
o f estates o f lunatics, or in any other fiduciary capacity, m ay
transact such business in the normal and usual manner and may
make payments on account o f the principal or incom e o f trust or
other fiduciary funds to the persons entitled th ereto; provided,
that, except to the extent permitted by other em ergency banking
regulations, no such banking institution shall w ithdraw or pay out
any trust or other fiduciary funds on deposit with any other de­
partment o f such banking institution or make any other paym ent
in connection with any trust or other fiduciary funds w hich w ould
operate to discharge, as a w hole or in part, any indebtedness as
distinguished from any trust or other fiduciary duty o f such bank­
ing institution.
This regulation supersedes em ergency banking regulation num­
ber 13 o f M arch 7, 1933, which is hereby revoked.

‘

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

32.




^

A )- ( 0 S

O)

A ny state bank which is a m em ber o f the Federal Reserve System,
and is not licensed by the Secretary o f the Treasury to perform
usual banking functions, m ay permit w ithdraw als o f deposits
w hich are law fully secured by colla tera l; provided, that such
w ithdrawals are
(a ) permissable under applicable law,
(b ) duly authorized by the Board o f Directors o f such bank,
upon such terms with respect to the release o f collateral
as w ill fu lly protect all depositors and other creditors
against the creation o f any preferences, and
( c ) approved by the appropriate state authority having
supervision o f such bank.
A ny such bank is authorized to carry on such usual banking fu n c­
tions as m ay be essential to allow the w ithdraw als permitted by
this regulation, subject to the provisions and restrictions above
set forth and except as otherwise prohibited.

V ery truly yours,

GEO. W . NORRIS,
Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

io s o i

2

Federal

All

Ban

M em ber

In t h e

195.0

C IR C U L A R N O . 5 4 6

k

M ARCH 31 , 1 9 3 3

P h il a d e l p h ia

of

To

reserve

0

A S S E S S M E N T O F P E N A L T IE S

Banks

T h ir d

Federal

Reserve

D is t r ic t :

The Federal Reserve Board has issued the following instructions governing the assessment
of penalties against member banks for deficiencies in reserves:
“ Penalties should not be assessed against a member bank for deficien­
cies in reserves for period beginning March 6 and ending on date next pre­
ceding March 13, 14 or 15, depending on which o f these days, according
to its location, such bank might first have opened to perform usual banking
functions under license issued by Secretary of Treasury pursuant to the
provisions o f executive order o f the President, regardless of whether such
license was actually issued or not.
Member banks licensed to open should maintain reserves in accord­
ance with usual requirements beginning with effective date o f license.
For the present and until further notice a bank not licensed to open,
whether or not it is in the hands of a conservator appointed by the Comp­
troller o f the Currency, or in the hands o f a state official having similar
authority, should not be penalized for a deficiency in reserves against
deposits which have not been made available for withdrawal by depositors.
Member banks not licensed to open on one o f the above days should,
pending the receipt of a license to open, maintain reserves on new deposits
and old deposits made available for withdrawal as follow s:
Deposits received in special trust accounts pursuant to provisions of
regulation 7 o f the Secretary of the Treasury and deposits received while a
bank is in the hands of conservator appointed by Comptroller o f Currency
or in the hands o f a state official having similar authority are demand
deposits and subject to demand deposit reserve.
The part o f deposits made available for immediate withdrawal on a
ratable basis under regulation 27 of Secretary of Treasury should be
treated as demand deposits and subject to demand deposit reserve.
The part o f deposits made available for withdrawal on a ratable
basis from national banks in hands o f conservators as provided in Section
206 o f the Bank Conservation Act or under similar conditions from state
member banks in hands o f conservators or other state officials having
similar authority should be considered as demand deposits and subject to
demand deposit reserve.”
Member banks are requested to keep in mind these instructions when preparing their
regular reports of net deposits to be forwarded to this bank. Special attention is called to the provi-




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

f c .Q . 1 0 5 0 1

sions o f paragraph 1 in the instructions and licensed banks should observe the dates relative to
opening which appear in this paragraph.
Banks which have not been licensed, whether or not in the hands of a conservator or state
offical having similar authority, will observe that they are required to report funds on deposit in
special accounts as demand deposits and if such banks have been authorized to permit the with­
drawal o f any portion o f old deposits the total amount o f deposits affected by such authorization
must also be reported as demand deposits. These two classes o f deposits must be combined in one
report and a sufficient balance must be maintained in the special account with us to provide the
amount o f reserve required against such combined deposits.
Section 206 o f the Bank Conservation Act, to which reference is made in the last paragraph
of'th e instructions, is quoted below:

“ While such bank is in the hands o f 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 o f the conservator shall not be sub­
ject to any limitation as to payment or withdrawal, and such deposits shall
be segregated and shall not be used to liquidate any indebtedness o f such
bank existing at the time that a conservator was appointed for it, or any
subsequent indebtedness incurred fo r the purpose o f liquidating any
indebtedness o f such bank existing at the time such conservator was
appointed. Such deposits received while the bank is in the hands o f the
conservator shall be kept on hand in cash, invested in the direct obliga­
tions o f the United States, or deposited with a Federal reserve bank. The
Federal reserve banks are hereby authorized to open and maintain separate
deposit accounts for such purpose, or for the purpose o f receiving deposits
from State officials in charge o f state banks under similar circumstances.”
If a report of net deposits for the period ending March 31 has been sent to us before the
receipt o f this circular and it is not in agreement with the above, a corrected report should be
forwarded.




Very truly yours,
GEO. W. NORRIS,
Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

f,x).

(0501

KEC’D IN F1LKS SECTION

AUG 241954 ^
,

TH IR D FEDERAL RESERVE D IS T R IC T
SECOND
SUPPLEMENTARY LIST OF BANKS GRANTED LICENSES TO REOPEN
M A R C H 2 9 , 1933

CAUTION. Your special attention is called to the fact that in the collection of checks,
a check drawn on a bank which has not been licensed should not be considered as uncollect­
ible. Such checks may be drawn against “ special accounts” authorized under regulation No. 7
issued by the Secretary of the Treasury.
This list has been prepared by the Federal Reserve Bank of Philadelphia from the best information
available, and supplements all previous lists.

This list does not take the place of die par list.
The following banks have been licensed to resume operations without restrictions other
than those applicable to all banking institutions under Executive Order of March 10, 1933.
All banks in this list are member banks of the Federal Reserve System except those
prefixed with a dagger (f). State banks which are members of the Federal Reserve System
are marked with an asterisk, thus (*) and non-member banks are marked with a dagger,
thus (t) also they are indented and printed in italics.

NEW JERSEY
Audubon ...........................................................
Camden ..............................................................
North Merchantville.....................................
Pennington.......................................................

Audubon National Bank
American National Bank
Pensauken Township National Bank
First National Bank

PENNSYLVANIA
Mountville

....................................................... Mountville National Bank

The following banks have been authorized to resume operations under restrictions in addi­
tion to those applicable to all banking institutions under Executive Order of March 10, 1933.
This list is based upon the best information obtainable to date.

PENNSYLVANIA
Bethlehem ....................................................... t
Bowmanstown ................................................ t
Conshohocken ................................................ t




The Gosztonyi Savings and Trust Co.
Citizens Bank of Bowmanstown
Conshohocken Trust Co.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

^ .0 . (0501

PENNSYLVANIA (C ontinued)
East Conem augh............................................t
United States Savings and Trust Company of Conemaugh
Elizabethville ................................................ t
Lykens Valley Bank
Girardville ....................................................... t
Victory Banking Trust Co.
Glen R o c k ......................................................... t
Trust Company of Glen Bock
H arrisburg...................................................... t
Commonwealth Trust Co.1
Harrisburg .......................................................t
Union Trust Company of Pennsylvania
Hazleton ........................................................... * American Bank and Trust Company of Hazleton
Jersey Shore .................................................. t
Jersey Shore Trust Co.1
Jersey Shore .................................................. t
The State Bank of Jersey Shore
Johnstown ....................................................... t
Johnstown State Deposit Bank
Johnstown ....................................................... t
Johnstown Trust Company
Johnstown ....................................................... t
Morrellville Deposit Bank
Johnstown ....................................................... t
Title Trust and Guarantee Company
Lancaster ......................................................... I
Farmers Trust Company of Lancaster1
Lancaster ......................................................... t
Northern Trust and Solvings Co.1
Lykens ............................................................. *The Miners Deposit Bank and Trust Co.
Mahanoy City ................................................ t
American Banking Trust Co.
Mechanicsburg .............................................. t
Mechanics!)urg Trust Co.1
M ed ia ..................................................................t
Media-69th St. Trust Co.1
Minersville .......................................................t
Miners State Bank
Mohnton ........................................................... t
Mohnton Trust Co.
Philadelphia.................................................... t
Guardian Bank and Trust Co.1
Philadelphia.................................................... t
Kensington Security Bank and Trust Co.1
Philadelphia.................................................... *North City Trust Co.1
Reading ........................................................... t
The Pennsylvania Trust Co.
Roulette ........................................................... t
The State Bank of Boulette
St. Clair ........................................................... t
Citizens Bank
Shillington ....................................................... t
The Shillington Bank
Sinking Spring .............................................. f
Sinking Spring Bank
West Reading ................................................ t
The West Beading Title and Trust Co.1
Williamsport .................................................. *Lycoming Trust Co.1
Williamstown ................................................ t
Miners and Merchants Bank
Williamstown ................................................ *Williams Valley Bank
Authorized to operate upon a restricted basis prior to the banking holiday declared by President Roosevelt,

Member state banks, marked with an asterisk (* ).
Non-member state banks, marked with a dagger ( f ) .




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

( Q S f lj

REC’D

i n p i l e s s e c t io n

(J A

AUG 241954 "

T H IR D F E D E R A L R E S E R V E D IS T R IC T
<3

J &J

SUPPLEMENTARY LIST OF BANKS GRANTED LICENSES TO REOPE
CAUTION. Your special attention is called to the fact that in the collection of checks,
a check drawn on a bank which has not been licensed should not be considered as uncollect­
ible. Such checks may be drawn against “ special accounts” authorized under regulation No. 7
issued by the Secretary of the Treasury.
This list has-been prepared by the Federal Reserve Bank of Philadelphia from the best information
available to date (March 22, 1933), and supplements the list prepared on March 16, 1933.

This list does not take the place of the par list.
The following banks have been licensed to resume operations without restrictions other
than those applicable to all banking1institutions under Executive Order of March 10, 1933.

All banks in this list are member banks of the Federal Reserve System except those
prefixed with a dagger ( f ). State banks which are members of the Federal Reserve Sys'
tem are marked with an asterisk, thus (*) and non^member banks are marked with a
dagger, thus (f ) also they are indented and printed in italics.

DELAWARE
Smyrna ..............................................................

Fruit Growers National Bank and Trust Co.

NEW JERSEY
Atco ..................................................................... Atco National Bank
Barrington ........................................................t
Suburban Commercial Bank of Barrington
Haddonfield ...................................................... Haddonfield National Bank
Laurel S p rin g s............................... ................. Laurel Springs National Bank
Marlton ............................................................... First National Bank
Mays Landing . / ............................................. First National Bank
M ed fo rd ............................................................... The Burlington County National Bank
Pem berton.......................................................... Peoples National Bank and Trust Co.
Penns G r o v e ......................................................t
Peoples BanJc of Penns Grove
West Collingswood ........................................ Memorial National Bank of Collingswood
Williamstown ................................................... First National Bank

PENNSYLVANIA
Belleville ............................................................ Belleville National Bank
Belleville ............................................................ Farmers National Bank
Center H a l l ........................................................ First National Bank




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

pd.

(0501

PENNSYLVANIA (C on tinu ed)
Clarks S u m m it................................................. Abington National Bank
Edwardsville ................................................... Peoples National Bank
Hummels W h a r f .............................................I
Snyder County State Bank (This bank should
have been included in the previous list)
Jessup ................................................................. First National Bank
K a n e ..................................................................... First National Bank
L ib e rty ................................................................. Farmers National Bank
Mahanoy City ................................................. First National Bank
Minersville ........................................................f
Michael Borueh (Private bank)
Nanticoke .......................................................... Peoples Savings and Trust Co.
Spangler ............................................................ First National Bank
Weatherly ............................................... ........... First National Bank
W in d so r.............................................................. First National Bank

Correction of title in the list prepared March 16th: Security Trust Company in
Stroudsburg, Pa. should have been Stroudsburg Security Trust Company.
The followii*g banks have been authorized to resume operations under restrictions in addi­
tion to those applicable to all banking institutions under Executive Order of March 10, 1933This list is based upon the best information obtainable to date.

NEW JERSEY
Atlantic City ................................................... * Equitable Trust Company
Atlantic City ................................................... * Guarantee Trust Company
Cape May County Title and Trust Co.
Cape May Court H o u s e ............................... f
Moorestown ......................................................t
Burlington County Trust Co.

Member state banks, marked with an asterisk (*).
Non-member state banks, marked with a dagger (t )-




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

a).

iO O
Sl

KEC’ D IN FILES SECTION

/ t

C IR C U L A R

Fed er al

Reserve

Bank

M A R CH

A ll
In

B a n k in g
T he

544

1933

R E G U L A T IO N S U N D E R
P R E S ID E N T ’S P R O C L A M A T IO N

O F P H IL A D E L P H IA

To

NO.
22,

In s t i t u t i o n s

T h ir d

Federal

Reserve

D is t r ic t ;

Under authority conferred upon him by the President’s proclamation declaring a bank
holiday, the Secretary o f the Treasury has issued the following additional regulation up to date:




29.

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.

Very truly yours,

GEO. W. NORRIS,
Governor.

r

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

X)- ( 0 5 0 1

REC'D IN FILES SECTION

C IR C U L A R
M A R CH

Federal R eserve Ba n k
of

To A l l

P h il a d e l p h ia

Ba n k in g

N O . 542
20. 1933

R E G U L A T IO N S U N D E R
P R E S ID E N T ’S P R O C L A M A T IO N

In s t it u t io n s

In T h e T h ir d F e d e r a l R e s e r v e D i s t r i c t :

Under authority conferred upon him b y the President’s proclam ation declaring a bank
holiday, the Secretary o f the Treasury has issued the follow in g regulations up to d a te :
27.

A ny state banking institution w hich is a m em ber o f the Federal
Reserve System and w hich is not licensed by the Secretary o f the
Treasury to reopen fo r the perform ance o f usual banking fu n c­
tions may, with the approval o f the appropriate state authority
having imm ediate supervision o f such banking institution, perm it
withdraw als b y depositors and make payments to creditors o f such
percentage o f the amounts due to them (n ot exceeding 5 per cent)
as it may determine, provided that at or b efore the time o f such
withdraw al or paym ent it shall set aside and make available fo r
such purpose a fund fo r the benefit o f and sufficient to pay to all
depositors and creditors the percentage so determined.
This regulation shall not in any w ay affect any right created by
regulation num ber 7 nor limit or restrict any paym ent thereby
authorized.
A ny right to authorize w ithdraw als or payments under the terms
o f this regulation shall terminate upon the appointm ent o f any
conservator, receiver or other appropriate state official taking
charge o f the affairs o f such banking institutions.

28.

A fte r the close o f business on M arch 18, 1933, Treasury regulation
number 6 and Treasury regulation number 10, as amended, shall
be without force or effect to authorize any banking transaction
therein referred to.

The follow in g executive order was issued by the President on M arch 18, 1933:




W henever the appropriate authority having imm ediate super­
vision o f any banking institution located in any state or place sub-

1%/

Reproduced from the Unclassified I Declassified Holdings of the National Archives




DECLASSIFIED
Authority p d .

<0601

je c t to the jurisdiction o f the United States, w hich is a m em ber o f
the Federal Reserve System and w hich has not been licensed by
the Secretary o f the Treasury to resume its usual banking fu n c­
tions, shall deem it necessary or advisable in order to conserve the
assets o f such banking institution fo r the benefit o f the depositors
or other creditors, such authority may, in accordance with the
provisions o f the applicable laws o f such state or place, appoint
such appropriate official as m ay be authorized under such laws
to conserve the assets o f such banking institution pending further
disposition o f its business as provided by such laws.
This order shall not authorize any such m em ber bank to reopen
fo r the perform ance o f usual and normal functions until it shall
have received a license from the Secretary o f the Treasury as
provided in executive order o f M arch 10, 1933.
Very truly yours,
GEO. W . NORRIS,
Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

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Authority p

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BECD IN FILES 8ECT£ON

A G 841954
U
7

T H IR D F E D E R A L R E S E R V E D IS T R IC T
LIST OF BANKS GRANTED LICENSES TO REOPEN
CAUTION. Your special attention is called to the fact that in die collection of checks,
a check drawn on a bank which has not been licensed should not be considered as uncollect­
ible. Such checks may be drawn against “ special accoimts” authorized under regulation No. 7
issued by the Secretary of the Treasury.
This list has been prepared by the Federal Reserve Bank of Philadelphia from the best information
obtainable to date (March 16, 193 3L. For the time being, supplementary lists will be prepared as of
each Wednesday, beginning March 22, and mailed on Thursday, covering any banks licensed to reopen
during the week ending Wednesday, including also any changes in previous lists.

This list does not take the place of die par list.
The following banks have been licensed to resume operations without restrictions other
than those applicable to all banking institutions under Executive Order of March 10, 1933.

All banks in this list are member banks of the Federal Reserve Systran except those
prefixed with a dagger ( f ). State banks which are members of the Federal Reserve Sys'
tem are marked with an asterisk, thus (*) and non^member banks are marked with a
dagger, thus (t) also they are indented and printed in italics.

DELAWARE
Bridgeville

........................................................t

Baltimore Trust Company
(Branch o f Selbyville, Del.)

Camden .............................................................. t

Baltimore Trust Company
(Branch o f Selbyville, Del.)

C la y m o n t........................................................... t
Clayton ............................................................. t

Claymont Trust Company
Clayton Bank and Trust Company

D a gsb o ro ............................................................ First National Bank
Delaware C i t y ................................................. Delaware City National Bank
D elm a r.................................................................First National Bank
Dover ..................................................................t
Delaware Trust Company
(Branch of Wilmington, Del.)
Dover ..................................................................t
Farmers BanTc
(Read Office)
D o v e r ...................................................................First National Bank
F ra n k fo rd .......................................................... First National Bank
Delaware Trust Company
(Branch of Wilmington, Del.)

Frederica........................................................... t




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

DELAW ARE
Georgetow n.......................................................t
Georgetow n...................................................... t
Greenwood......................................................... t

(QSO)

(C ontinued)

Farmers Bank
(Branch of Dover, Del.)
Georgetown Trust Company
Greentvood Trust Company

Harrington ........................................................ First National Bank
Harrington .......................................................t
Peoples Bank
Hartley ............................................................. t
West Dover Trust Company
Laurel
Laurel

................................................................ Peoples National Bank
................................................................t
Sussex Trust Company

Lewes ..................................................................t
Lewes ..................................................................t
Middletown .......................................................t

(Branch of Leives, Del.)
Lewes Trust Company
Sussex Trust Company
(Head Office)
Delaware Trust Company
(Branch of Wilmington, Del.)

Milford .............................................................. First National Bank & Trust Co.
M ilfo r d ............................................................... t
Milford Trust Company
Millsboro . . . 7 .................................................. t
Millsboro Trust Company
M ilto n .................................................................. t
Sussex Trust Company
(Branch of Lewes, Del.)

Newark ............................................................. t
Newark ............................................................. f
New Castle .......................................................t

Farmers Trust Company
Newark Trust Company
New Castle Trust Company

Odessa .................................................................New Castle County National Bank
Rehoboth ........................................................... t

Behoboth Trust Company

St. Georges .......................................................t
St. George’s Trust Company
Seaford ............................................................... First National Bank
Seaford ............................................................. t
Seaford Trust Company
Selbyville ........................................................... t
Baltimore Trust Company
(Main Office)

Smyrna .............................................................. National Bank of Smyrna
Townsend...........................................................t

Townsend Trust Company

W ilm in gton ........................................................t
Artisans Savings Bank
W ilm ington........................................................ Central National Bank
W ilm in gton ........................................................t
Citizens Savings Bank, Inc.
W ilm in gton ........................................................t
Colonial Trust Company
W ilm in gton ........................................................t
Commercial Trust Company
W ilm in gton ........................................................t
Delaware Trust Company
(Main Office)

W ilm in gton ........................................................*Equitable Trust Co.
W ilm in gton ........................................................t
Farmers Bank
(Branch of Dover, Del.)

W ilm in gton ....................................................... t
Fourth Street Trust Company
W ilm ington................................................... .. . t
Provident Savings and Loan Association
W ilm in gton ........................................................*Industrial Trust Co.
W ilm in gton ........................................................*Security Trust Co.
W ilm in gton ........................................................ Union National Bank of Wilmington
W ilm in gton ..................................................... .. t
Wilmington Morris Plan Bank
W ilm in gton ........................................................t
Wilmington Savings Fund Society
W ilm in gton ........................................................* Wilmington Trust Co.
W y o m in g ............................................................ First National Bank

Member state banks, marked with an asterisk (*).
Non-member state banks, marked with a dagger (f).




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_____ _

DECLASSIFIED
Authority

f t . (0 5 0 1

NEW JERSEY
Absecon .............................................................. First National Bank
Atlantic City ................................................... Boardwalk National Bank
Barnegat ............................................................ First National Bank
Bay Head .......................................................... Bay Head National Bank
Beach Haven ................................................... Beach Haven National Bank & Trust Co.
B e r lin ................................................................... Berlin National Bank
Beverly .............................................................. First National Bank & Trust Co.
Blackwood.......................................................... First National Bank & Trust Co.
Bordentown ..................................................... t
Bordentown Banking Company
Bordentown ..................................................... First National Bank
Bridgeton .......................................................... Bridgeton National Bank
Bridgeton .......................................................... Farmers & Merchants National Bank
Bridgeton .......................................................... Cumberland National Bank
Burlington ....................................................... t
Burlington Savings Institution
Burlington.......................................................... Mechanics National Bank
Camden .............................................................. *Camden Safe Deposit & Trust Co.
Camden
................................................... First Camden National Bank & Trust Co.
Camden .............................................................. t
North Camden Trust Company
Camden .............................................................. Third National Bank & Trust Co. of Camden
Camden .............................................................. t
West Jersey Trust Company
Cape M a y .......................................................... Merchants National Bank
Cape May Court House ............................. First National Bank
Clayton .............................................................. Clayton National Bank
' Clayton .............................................................. t
Clayton Title & Trust Company
Egg Harbor City .......................................... f
Egg Harbor
Egg Harbor City .......................................... t
Egg Harbor
E lm e r ...................................................................t
Elmer Trust
E lm e r ................................................................... First National
Florence..............................................................

City Tmst Company
Commercial BanTc
Company

Bank

First National Bank

Glassboro .......................................................... First National Bank
Gloucester ..........................................................t
Gloucester City Trust Company
Haddonfield........................................................t
Haddonfield Trust Company
Haddon Heights ............................................ First National Bank of Haddon Heights
Hamilton S q u a re ............................................. First National Bank
Hammonton ..................................................... t
Peoples BanTc & Trust Company
H ightstow n ........................................................ First National Bank
H ightstow n ........................................................* Hightstown Trust Co.
Hopewell ............................................................ Hopewell National Bank
Lakehurst .......................................................... First National Bank
Mantua ..............................................................
Margate C i t y ................................................... t
Merehantville ...................................................
M illv ille ..............................................................
Minotola ............................................................
Mount H o lly ..................................................... t
Mount Holly ...................................................
Mullica Hill .....................................................

National Bank of Mantua
Margate Trust Company

Merchantville National Bank & Trust Co.
Millville National Bank
First National Bank
Farmers Trust Company

Union National Bank & Trust Co.
Farmers National Bank

Oaklyn ................................................................ Oaklyn National Bank
Paulsboro .......................................................... First National Bank & Trust Co.
Penns G r o v e ............................... ...................... Penns Grove National Bank & Trust Co.
P itm a n .................................................................Pitman National Bank & Trust Co.
P itm a n .........; .....................................................t
Pitman Title & Trust Company
Pleasantville Trust Company
Pleasantville ......................................................t
Point Pleasant ...............................................Ocean County National Bank
Princeton............................................................ First National Bank
Princeton............................................................ *Princeton Bank & Trust Co.
Princeton............................................................ t
Princeton Savings BanTc
R iverside............................................................ First National Bank
R iverside............................................................ * Riverside Trust Co.
Riverton ............................................................ t
Cinnaminson BanTc & Trust Company
Roebling.............................................................. First National Bank & Trust Co.
Member state banks, marked with an asterisk (*).
Non-member state banks, marked with a dagger (f).




3

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Authority

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NEW JERSEY (Continued)
S a le m ................................................................... City National Bank & Trust Co.
S a le m ................................................................... Salem National Bank & Trust Co.
Stone H a r b o r ................................................... First National Bank of Stone Harbor
Swedesboro........................................................ Swedesboro National Bank
Swedesboro........................................................ * Swedesboro Trust Co.
Toms R iv e r ........................................................ First National Bank
Toms R iv e r ........................................................ t
Ocean County Trust Company
Trenton ...............................................................Broad Street National Bank of Trenton
Trenton ...............................................................First-Mechanics National Bank of Trenton
Trenton .............................................................. t
Hanover-Capital Trust Company
Trenton .............................................................. Prospect National Bank of Trenton
Trenton ...............................................................Security National Bank of Trenton
Trenton ...............................................................t
Trenton Banlcing Company
Trenton ...............................................................t
Trenton Saving Fund Society
Trenton ...............................................................t
Trenton Trust Company
Tuckerton ..........................................................t
Tuckerton Bank
Ventnor City ................................................... Ventnor City National Bank
Vincentown . . . . . ............................................... First National Bank
Vineland ......... 7 ............ ................................... t
Tradesmens Bank & Trust Company
Vineland ............................................................ Vineland National Bank & Trust Co.
W e stv ille ............................................................ First National Bank
Wildwood .......................................................... Marine National Bank
Wildwood .......................................................... t
Union Bank
Woodbine .......................................................... Woodbine National Bank
Woodbury .......................................................... Farmers & Mechanics National Bank
" Woodbury .............................................•
............ First National Bank & Trust Co.
Woodbury .......................................................... t
Woodbury Trust Company
Woodstown ........................................................ First National Bank
Woodstown ........................................................Woodstown National Bank & Trust Co.
Y a r d v ille ............................................................ Yardville National Bank

Member state banks, marked with an asterisk (*).
Non-member state banks, marked with a dagger (t).




4

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

px).

(0 5 0 1

PENNSYLVANIA
Abbottstown .....................................................t
Abbottstown State Bank
Abington ............................................................ t
Abington Bank if Trust Co.
Akron . . ............................................................ Akron National Bank
Alexandria ........................................................ First National Bank
Allentown .......................................................... Allentown National Bank
Allentown .......................................................... t
Lehigh Valley Trust Co.
Allentown .......................................................... Merchants National Bank of Allentown
Allentown .......................................................... Second National Bank of Allentown
Altoona Trust Co.
Altoona ............................................................. t
Altoona ............................................................. t
Central Trust Co.
Altoona .............................................................. First National Bank of Altoona
Bedford County Bank
Alum Bank ........................................................ t
A m b le r.................................................................t
Ambler Trust Co.
Ambler .............................................................. t
Daniel Sigmore
A n n v ille.............................................................. Annville National Bank
Ardmore ............................................................ t
Main Line Trust Co.
Arendtsville-..................................................... National Bank of Arendtsville
Ashland .............................................................. Ashland National Bank
Ashland .............................................................. Citizens National Bank
Ashley ................................................................ First National Bank
Atglen ................................................................ Atglen National Bank
Athens ................................................................ Athens National Bank
Athens ................................................................. Farmers National Bank
Austin ................................................................ First National Bank of Austin
Avis ....................................................................t
State Bank of Avis
Avoca ................................................................. First National Bank
Avondale ............................................................ National Bank of Avondale
Bakerton, Elmora P. 0 ................................. First National Bank of Bakerton
Bally ................................................................... First National Bank
B a n g o r................................................................ Merchants National Bank
Barnesboro ........................................................ First National Bank
B a t h ......... ........................................................... First National Bank
Beaver Springs ............................................... First National Bank
Beech C r e e k ..................................................... Beech Creek National Bank
Bellefonte ..........................................................t
Beliefonte Trust Co.
Bellefonte .......................................................... Farmers National Bank
Bellefonte .......................................................... First National Bank
Bellwood ............................................................ First National Bank
Bendersville ..................................................... Bendersville National Bank
Benton ................................................................. Columbia County National Bank
Bernville ............................................................ First National Bank
Berwick ............................................................... Berwick National Bank
Berwick Savings fy Trust Co.
Berwick ............................................................. t
Berwick .............................................................. First National Bank
Bethlehem ..........................................................t
P . P . Wilbur Trust Co.
Bethlehem .......................................................... First National Bank & Trust Company of Bethlehem
Biglerville .......................................................... Biglerville National Bank
Bloomsburg ..................................................... *Bloomsburg Bank-Columbia Trust Co.
Bloomsburg ..................................................... Farmers National Bank
Bloomsburg ..................................................... First National Bank
Blossburg .......................................................... Citizens National Bank & Trust Co.
Blue B a l l ............................................................ Blue Ball National Bank
Blue Ridge Summit ...................................... First National Bank
Boiling Springs .............................................. t
Boiling Springs State Bank
Boyertown ........................................................ Farmers National Bank & Trust Company
Boyertown ........................................................ National Bank & Trust Company of Boyertown
Bradford ............................................................ Bradford National Bank
Bradford ............................................................ Commercial National Bank
Bradford ............................................................t
Producers Bank # Trust Co.
Bridgeport ........................................................ Bridgeport National Bank
Bristol .................................................................t
Bristol Trust Co.
Bristol ............................. ................................... Farmers National Bank of Bucks County
Brownstown ..................................................... Brownstown National Bank
Bryn M a w r ........................................................ Bryn Mawr National Bank
Bryn M a w r ........................................................t
Bryn Maivr Trust Co.
Member state banks, marked w'tli an asterisk (*).
Non-member state banks, marked with a dagger (f).




5

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^

X)• (0SO j
>

PENNSYLVANIA (C ontinued)
Camp Hill ........................................................ Camp Hill National Bank
Campbelltown Bank
Campbelltown................................................ .. t
Canton ................................................................. First National Bank
Carbondale .......................................................t
Liberty Discount and Savings Bank
Carbondale .......................................................t
Pioneer Dime Bank
Carlisle ............................................................. t
Carlisle Deposit Bank fy Trust Co.
Carlisle ..............................................................t
Farmers Trust Co.
Carlisle .............................................................. *Carlisle Trust Company
Carrolltown ..................................................... First National Bank
C atasauqua........................................................ Lehigh National Bank
Catasauqua ..................................................... National Bank of Catasauqua
Catawissa ..........................................................Catawissa National Bank
Catawissa .......................................................... First National Bank
C en tra lia ............................................................ First National Bank
Chalfont ............................................................ Chalfont National Bank
Chambers burg ................................................ t
Chambersburg Trust Co.
Chambersburg ................................................ t
Farmers fy Merchants Trust Co.
Chambersburg,.................................................. National Bank of Chambersburg
Chambersburg ................................................. Valley National Bank
Cheltenham........................................................ Cheltenham National Bank
Chester .............................................................. *Chester-Cambridge Bank & Trust Co.
Chester .............................................................. Delaware County National Bank
Chester .............................................................. First National Bank
Chester ............................... ............................... t
Frank E. DeFuria
.-Christiana.......................................................... Christiana National Bank
Claysburg .......................................................... First National Bank
Clearfield ........................................................... t
Clearfield Trust Co.
Coaldale.............................................................. First National Bank
Coalport.............................................................. First National Bank
Coatesville.......................................................... National Bank of Chester Valley
Coatesville.......................................................... National Bank of Coatesville
Collegeville ........................................................ Collegeville National Bank
Columbia .......................................................... Central National Bank
Columbia ........................................................... t
Columbia Trust Co.
Columbia .......................................................... First-Columbia National Bank
Conshohocken .................................................... First National Bank
Conshohocken ................................................... Tradesmens National Bank
Conyngham........................................................ Conyngham National Bank
Coopersburg ..................................................... First National Bank
Coudersport ......................................................t
Citizens Safe-Deposit & Trust Co.
Coudersport ..................................................... t
Coudersport Trust Co.
Coudersport ..................................................... First National Bank
Cressona ............................................................ First National Bank
Curwensville..................................................... Curwensville National Bank
Curwensville .....................................................t
Curwensville State Bank
Dale ..................................................................... Dale National Bank (Johnstown P. 0 .)
Dallas ................................................................. First National Bank
Dallastown ........................................................ First National Bank & Trust Company
Dalmatia ............................................................ t
Farmers State Bank
Dalton .................................................................t
Central State Bank
Danielsville........................................................Danielsville National Bank
D a n v ille.............................................................. Danville National Bank
D an ville.............................................................. First National Bank
D a n v ille.............................................................. * Montour County Trust Company
D auphin.............................................................. Dauphin National Bank
D e n v e r.................................................................Denver National Bank
D illsb u rg ............................................................ Dillsburg National Bank
Downingtown ................................................... Downingtown National Bank
Doylestown ........................................................ Doylestown National Bank & Trust Co.
Doylestown ........................................................t
Doylestown Trust Co.
Dry Run ............................................................ Path Valley National Bank of Dry Run
Dublin .................................................................Dublin National Bank
D u B o is.................................................................Deposit National Bank
D u B o is.................................................................DuBois National Bank
DuBois ................................................................t
Peoples State Bank
D u B o is.................................................................*Union Banking & Trust Co.
Duncannon ........................................................Duncannon National Bank
Duncannon ........................................................ Peoples National Bank
Member state banks, marked with an asterisk (*).
Non-member state banks, marked with a dagger (t).




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

10501

PENNSYLVANIA (Continued)
Dunmore ............................................................ f
Fidelity Deposit & Discount Bank
First National Bank
Dunmore ................................................... ..
D u sh o re.............................................................. First National Bank
East Berlin......................................................... t
Peoples State Bank
East Greenville ............................................... Perkiomen National Bank
East Mauch C h u n k ........................................ Citizens National Bank
East Prospect.......................... ....................... t
East Prospect State Bank
Easton .............................................................. Easton National Bank
Easton .............................................................. •'Easton Trust Company
Easton .............................................................. First National Bank and Trust Co.
Easton ................................................................ t
Lafayette Trust Co.
Easton .............................................................. Northampton National Bank
East Petersburg ............................................ *East Petersburg State Bank
East Smithfield ............................................... First National Bank
East Stroudsburg.......................................... East Stroudsburg National Bank
East Stroudsburg.......................................... Monroe County National Bank
Ebensburg..........................................................American National Bank
Ebensburg.......................................................... First National Bank
E g y p t ...................................................................*Farmers Bank of Egypt
Eldred ........... T.................................................. First National Bank
Elizabethtown ................................................. t
Elizabethtown Trust Co.
Elizabethtown.................................................. First National Bank and Trust Co.
Elkins Park ..................................................... Elkins Park National Bank
Elkland .............................................................. Pattison National Bank
Elverson ......... .................................................. Elverson National Bank
Elysburg ............................................................ First National Bank
"Emaus ................................................................ Emaus National Bank
E m poriu m ..........................................................t
Emporium Trust Co.
Enola ..................................................................t
Peoples Bank o f Enola
E p h r a ta .............................................................. Ephrata National Bank
E p h r a ta .............................................................. Farmers National Bank
Essington ..........................................................f
Tinicum Bank
Everett .............................................................. First National Bank
Exeter .................................................................First National Bank
Factory ville ..................................................... First National Bank
Fairfield ............................................................ First National Bank
Fannettsburg ................................................... Fannettsburg National Bank
Fogelsville.......................................................... Fogelsville National Bank
Fort Loudon .....................................................t
Fort Loudon State Bank
Forty Fort ........................................................t
Forty Fort State Bank
Fredericksburg................................................. First National Bank
F reeb u rg ............................... •........................... +
Freeburg State Bank
Freeland ............................................................ t
Citizens Bank
Galeton .............................................................. First National Bank
Gap .....................................................................Gap National Bank and Trust Company
Genesee ................................................... ........... First National Bank
Gettysburg ........................................................ First National Bank
Gettysburg ........................................................ Gettysburg National Bank
Girardville ........................................................ First National Bank
Glen Rock ......................................................... t
Glen Bock State Bank
Glen L y o n ............................... .......................... Glen Lyon National Bank
Glenside.............................................................. Keswick National Bank
Greencastle........................................................ Citizens National Bank
Greencastle ..................................................... First National Bank
Halifax .............................................................. Halifax National Bank
H allstead............................................................ First National Bank
Hamburg
Hamburg Savings
Trust Co.
Hanover .............................................................
Farmers State Bank
H anover.............................................................. First National Bank
Hanover .............................................................
Hanover Savings Fund Society
Hanover .............................................................
Hanover Trust Co.
Hanover .............................................................
Peoples Bank of Hanover
Harleysville ..................................................... Harleysville National Bank
H arrisburg..........................................
Allison-East End Trust Co.
H arrisburg.........................................................
Camp Curtin Trust Co.
H arrisburg......................................................... Central Trust Company
H arrisburg.........................................................
Citizens Trust Co.
H arrisburg.........................................................
Harrisburg Tmst Co.
Member state banks, marked with an asterisk (*).
Non-member state banks, marked with a dagger (f).




Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

A ). ( 0

SO |

PENNSYLVANIA (C ontinued)
H arrisburg.....................................
Harrisburg ....................................
Harrisburg ....................................
Harrisburg ....................................
Hastings ........................................
Hatboro
......................................
Hatfield ..........................................
Hawley ..........................................
Hazleton ........................................
Hazleton ........................................
Hazleton ........................................
Hazleton ........................................
Hellertown ....................................
H e r sh e y ..........................................
Highland Park, Upper Darby
High Spire ...................................
Hollidaysburg .............................
H ollidaysburg...............................
Honesdale .....................................
Honesdale . T.................................
Honesdale ......................................
Honesdale ......................................
Honey B rook .................................
Honey B roo k ..................................
Hop Bottom .................................
Houtzdale ......................................
Howard ..........................................
Hughesville....................................
H ughesville....................................
Hummelstown ............................
Hummelstown...............................
Huntingdon....................................
H untingdon....................................
Huntingdon....................................
Huntingdon V a l l e y ....................
H yndm an........................................

t
Keystone Trust Co.
t
Market Street Trust Co.
*Dauphin Deposit Trust Company
Harrisburg National Bank
t
Hastings Bank
Hatboro National Bank
Hatfield National Bank
t
Hawley Bank
First National Bank
Hazleton National Bank
*Markle Banking & Trust Co.
*Peoples Savings & Trust Co.
t
Saucon Valley Trust Co.
Hershey National Bank
State Road National Bank
t
High Spire State Bank
Citizens National Bank
t
Hollidaysburg Trust Co.
t
Farmers & Merchants Bank
t
Honesdale Dime Bank
Honesdale National Bank
* Wayne County Savings Bank
First National Bank
t
Honey Brook Trust Co.
Hop Bottom National Bank
*Houtzdale Trust Company
First National Bank
First National Bank
Grange National Bank of Lycoming County
f
Farmers Bank
Hummelstown National Bank
First National Bank
* Grange Trust Company
Union National Bank and Trust Company
t
Huntingdon Valley Trust Co.
Hoblitzell National Bank

Intercourse .

First National Bank

Jenkintown .
Jermyn
Johnsonburg
Johnstown . ,
Johnstown . .
Jonestown ..

* Jenkintown Bank & Trust Co.
First National Bank
Johnsonburg National Bank
t
Johnstoivn Savings Bank
Moxham National Bank
f
Jonestown Bank fy Trust Co.

K a n e ....................
K a n e ....................
Kennett Square
Kingston ...........
Kingston ...........
K n oxville...........
Kulpmont .........
K u tzto w n ...........
K utztow n...........

I
Kane Bank & Trust Co.
t
Kane Trust & Savings Co.
National Bank & Trust Co. of Kennett Square
First National Bank
t
Kingston Bank & Trust Co.
First National Bank
*Dime Deposit Bank & Trust Co.
t
Farmers Bank
Trust Co.
Kutztown National Bank

Laceyville
Lancaster
Lancaster
Lancaster
Landisville
Langhorne
Lansdale .
Lansdowne
Lansford .
Lansford .
Lansford .
Laporte . .
Member state banks, marked with an asterisk (*).
Non-member state banks, marked with a dagger (f).




Grange National Bank of Wyoming County
Conestoga National Bank
Fulton National Bank of Lancaster
Lancaster County National Bank
First National Bank
Peoples National Bank and Trust Co.
First National Bank
National Bank of Lansdowne
Citizens National Bank
t

Dime Bank

First National Bank
First National Bank

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority £ . 0 .

(0501

PENNSYLVANIA (C ontinued)
Laurelton .......................................................... t
Laurelton State Banlc
Lawrenceville................................................... First National Bank
Lebanon.............................................................. t
Farmers Trust Co.
Lebanon . . . ...................................................... First National Bank
Lebanon.............................................................. t
Lebanon County Trust Co.
Lebanon .......................................... ................. Lebanon National Bank
Lebanon.............................................................. t
North Side Bank & Trust Co.
Lebanon ............................................................ Peoples National Bank
Leesport................................................... ..
First National Bank
Lehighton .......................................................... Citizens National Bank & Trust Co.
Lehighton .......................................................... First National Bank
Lemasters ........................................................ Peoples National Bank
Lemoyne ............................................................ *Lemoyne Trust Company
Lemoyne ............................................................ West Shore National Bank
Leola ................................................................... Leola National Bank
LeR aysville........................................................ First National Bank
L ew isburg.......................................................... Lewisburg National Bank
L ew isb u rg.......................................................... t
Lewisburg Trust & Safe Deposit Co.
Lew isb urg.......................................................... Union National Bank
Lew istow n.......................................................... Citizens National Bank
Lewistown . . ......................................................*Lewistown Trust Company
Lewistown . . . " ................................................. Mifflin County National Bank
Lew istow n.......................................................... Russell National Bank
Lilly ..................................................................... First National Bank
Lititz ................................................................... Farmers National Bank
Lititz ................................................................... Lititz Springs National Bank
Littlestown ........................................................Littlestown National Bank
^Liverpool .......................................................... First National Bank
Lock H a v e n ........................................................ First National Bank
Lock H a v e n ........................................................*Lock Haven Trust Company
Logan ton ............................................................ Loganton National Bank
Loysville ............................................................ First National Bank
Luzerne .............................................................. Luzerne National Bank
M acungie............................................................ t
Macungie Banlc
M a d e ra ................................................................ Madera National Bank
Mahanoy City ................................................."'Merchants Banking Trust Company
Mahanoy C i t y ................................................... Union National Bank
Malvern ............................................................. National Bank of Malvern
M anheim ............................................................. Keystone National Bank
M anheim ............................................................. Manheim National Bank
M ansfield............................................................ First National Bank in Mansfield
M apleton............................................................. First National Bank
*
Marcus H o o k ..................................................... Marcus Hook National Bank
M a rietta .............................................................. First National Bank
Marion ................................................................t
Marion Bank
Martinsburg ..................................................... First National Bank
Marysville ......................................................... First National Bank
Matamoras ........................................................t
Bank of Matamoras
Mauch Chunk .................................................. Mauch Chunk National Bank
Mauch C hu n k................................................... t
Mauch Chunk Trust Co.
M ayfield.............................................................. t
Mayfield' State Bank
May to w n ............................................................. Maytown National Bank
McAllisterville ................................................ Farmers National Bank
McClure .............................................................. First National Bank
McConnellsburg .............................................. First National Bank
McConnellsburg .............................................. t
Fulton County Bank
McSherrystown .............................................. I
Farmers Bank
McVeytown ....................................................... McVeytown National Bank
First Bank fy Trust Co.
Mechanicsburg ................................................ t
Mechanicsburg ................................................. Second National Bank
Media .................................................................. First National Bank
Mercersburg ..................................................... First National Bank
Meshoppen ........................................................ First National Bank
Middleburg ....................................................... First National Bank
Middletown .......................................................* Citizens Bank & Trust Co.
Middletown .......................................................t
Farmers Trust Co.
M ifflin .................................................................. Peoples National Bank of Mifflin
Mifflinburg ........................................................ t
Mifflinburg Bank §■ Trust Co.
Member state banks, marked with an asterisk (*).
Non-member state banks, marked with a dagger (f).




9

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

pd. 10501

PENNSYLVANIA (Continued)
Mifflintown......................................................... First National Bank
Mifflintown......................................................... Juniata Valley National Bank
M ild red................................................................ First National Bank
Millersburg ....................................................... First National Bank
Millersburg .......................................................t
Millersburg Trust Co.
M illerstow n....................................................... First National Bank
Mill Hall ............................................................t
Mill Hall State Bank
M illh eim ............................................................. Farmers National Bank & Trust Co.
Millville ............................................................. First National Bank
Milroy ................................... ............................t
Milroy Banking Co.
Milton ................................................................. First Milton National Bank
Milton ................................................................ t
Milton Trust 4’ Safe Deposit Co.
M inersville......................................................... First National Bank
M inersville......................................................... Union National Bank
Minersville ........................................................t
Vincenzo Laudadio
First National Bank
Mocanaqua................................................ ..
Mont Alto ......................................................... t
Mont Alto State Bank
M ontgomery...................................................... Farmers & Citizens National Bank
Montgomery ,. ..................................................... First National Bank
Montoursville .................................................. First National Bank
Montrose ........................................................... First & Farmers National Bank & Trust Co.
Morrisville ........................................................t
Morrisville Trust Co. ,
Morton ............................................................... Morton National Bank
M oscow ................................................................ First National Bank
Mount Carm el.................................................. First National Bank
Mount Carmel .................................................t
Guarantee Trust
Safe Deposit Co.
Mount Carm el.................................................. *Liberty State Bank & Trust Co.
Mount C arm el.................................................. Union National Bank
Mount Holly S p rin g s.................................... First National Bank
Mount Jewett..................................................... Mount Jewett National Bank
Mount Joy........................................................... First National Bank & Trust Company
Mount Joy........................................................... Union National Mount Joy Bank
Mount Penn ..................................................... +
Mount Penn . Trust Co.
Mount U n ion ..................................................... Central National Bank
Mount U n io n ..................................................... First National Bank
M u n cy .............................................. ................... Citizens National Bank
Muncy .................................................................t
Muncy Banking Co.
M yerstow n......................................................... Myerstown National Bank
M yerstow n......................................................... * Myerstown Trust Company
Nantieoke........................................................... First National Bank
N anticoke........................................................... Miners National Bank
N antieoke........................ .. ................................ Nanticoke National Bank
N azareth ............................................................. Nazareth National Bank & Trust Co.
N azareth ............................................................. Second National Bank
N e f f s .................................................................... Neffs National Bank
Nescopeck ......................................................... Nescopeck National Bank
Nesquehoning .................................................. First National Bank
New A lb a n y ....................................................... First National Bank
N ew berry ........................................................... t
Bank of Newberry
New Bloomfield................................................ First National Bank
New Cumberland.............................................. New Cumberland National Bank
New Cumberland............................................t
New Cumberland Trust Co.
New Enterprise .............................................. t
New Enterprise Bank
Newfoundland.................................................. First National Bank of Newfoundland
New H olland..................................................... Farmers National Bank & Trust Co.
New Hepe........................................................... Solebury National Bank
New Milford....................................................... Grange National Bank of Susquehanna County
New O xford.......................................................*Farmers & Merchants Bank
New Philadelphia (Silver Creek P. 0 .) . . t
Silver Creek State Bank
N ew p o rt............................................................. Citizens National Bank
N ew p o rt............................................................. First National Bank
New tow n............................................................. First National Bank & Trust Co.
Newtown Title
Trust Co.
Newtown ........................................................... t
New Tripoli....................................................... New Tripoli National Bank
N ew v ille............................................................. Farmers National Bank
N ew v ille............................................................. First National Bank
N icholson........................................................... First National Bank
Norristown......................................................... Montgomery National Bank
Norristown.........................................................*Montgomery Trust Company
Member state banks, marked with an asterisk (*).
Non-member state banks, marked with a dagger (f).




Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ A ) . (0

SO I

PENNSYLVANIA (C ontinued)
Norristow n.........................................................*Norristown-Penn Trust Company
Norristow n......................................................... Peoples National Bank of Norristown
Northampton..................................................... Cement National Bank of Siegfried at Northampton
Northumberland.............................................. Northumberland National Bank
North W ales....................................................... North Wales National Bank
Numidia ............................................................. Valley National Bank
Nuremburg........................................................ First National Bank
Old Forge ..........................................................+
Old Forge, Discount 4' Deposit Bank
Oley ..................................................................... First National Bank
Orangeville ....................................................... Farmers National Bank
Drrstown ........................................................... *Orrstown Bank
Orw igsburg....................................................... First National Bank & Trust Co.
Osceola M ills ..................................................... First National Bank of Osceola
Oxford ................................................................ National Bank of Oxford
Oxford ................................................................t
Peoples Bank
Palmerton ......................................................... t
Citizens Bank and Trust Co.
Palmerton .......................................................... First National Bank
Palmyra Bank fy Trust Co.
P a lm y ra ........... ..................................................t
P a lm y r a ............................................................. t
Valley Trust Co.
Paoli ....................................................................*Paoli Bank & Trust Co.
P aradise............................................................. t
State Bank of Paradise
Parkesburg ....................................................... t
Farmers Bank of Parkesburg
Parsons .............................................................. t
Citizens Bank
Pen A rg y l........................................................... First National Bank
Pen A rgy l........................................................... Pen Argyl National Bank
Penbrook ........................................................... National Bank of Penbrook
Penbrook ........................................................... t
Penbrook Trust Co.
Pennsburg ......................................................... Farmers National Bank
P erkasie.............................................................. First National Bank
P erkasie............................................................. t
Perkasie Trust Co.
Petersburg......................................................... First National Bank
Philipsburg ....................................................... First National Bank
Philadelphia...................................................... t
Banca Comm-erciale Italiana Trust Company of Phila.
Philadelphia...................................................... t
Banca d ’ltalia and Trust Company
Philadelphia...................................................... t
Beneficial Saving Fund Socieiy of Philadelphia
Philadelphia...................................................... t
The Broad Street Trust Company
Philadelphia...................................................... Central Penn National Bank
Philadelphia...................................................... t
Chestnut Hill Title and Trust Company
Philadelphia...................................................... t
Citizens and Southern Bank and Trust Company
Philadelphia...................................................... City National Bank
Philadelphia...................................................... Corn Exchange National Bank & Trust Company
Philadelphia...................................................... Erie National Bank
Philadelphia...................................................... *Fidelity-Philadelphia Trust Company
Philadelphia...................................................... f
Finance Company of Pennsylvania
Philadelphia...................................................... **First Camden National Bank & Trust Company
Philadelphia...................................................... First National Bank
Philadelphia...................................................... t
First Trust Company of Philadelphia
Philadelphia...................................................... t
Frankford Trust Company
Philadelphia...................................................... t
Germantown Trust Company
Philadelphia...................................................... t
Gimbel Brothers Bank and> Trust Company
Philadelphia...................................................... * Girard Trust Company
Philadelphia...................................................... t
Industrial Trust Company of Philadelphia
Philadelphia...................................................... “
"Integrity Trust Company
Philadelphia ..................................................... Kensington National Bank
Philadelphia ......................................................t
Liberty Title and Trust Company
N. G. Marian, trading as the Marian Bank
Philadelphia ..................................................... t
Philadelphia ...................................................... Market Street National Bank
Mitten Men and Management Bank and Trust Company
Philadelphia ......................................................f
Philadelphia ...................................................... National Bank of Germantown & Trust Company
Philadelphia ..................................................... *Ninth Bank & Trust Company
Philadelphia ...................................................... North Broad National Bank
Philadelphia ...................................................... Northeast National Bank
Philadelphia ..................................................... t
Northern Trust Company
Philadelphia ......................................................f
North Philadelphia Trust Company
**(The First Camden National Bank & Trust Company maintains an office
in Philadelphia and is a member of the Philadelphia Clearing House
Association.)
' ;
Member state banks, marked with an asterisk (*).
Non-member state banks, marked with a dagger (f).




11

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

iQ50l

PENNSYLVANIA (Continued)
Philadelphia
Philadelphia
Philadelphia
Philadelphia
Philadelphia
Philadelphia
Philadelphia
Philadelphia
Philadelphia
Philadelphia
Philadelphia
Philadelphia
Philadelphia
Philadelphia
Philadelphia
Philadelphia
Philadelphia
Philadelphia

..................................................... *Penna. Co. for Insurances on Lives and Granting Annuities
..................................................... t
Pennsylvania Warehousing and Safe Deposit Company
...................................................... Philadelphia National Bank
..................................................... t
Philadelphia Savings Fund Society
..................................................... * Provident Trust Company
......................................................t
Beal Estat e-Land Title and Trust Company
..................................................... t
Beal Estate Trust Company of Philadelphia
..................................................... t
Roosevelt Bank
..................................................... t
V. Rzcpski Bank
..................................................... t
Saving Fund Society of Germantown and its vicinity
..................................................... Second National Bank
..................................................... t
SonsUaly Bank and Trust Company
...................................................... Tioga National Bank & Trust Company
..................................................... Tradesmens National Bank
................................................. .... t
United Savings and Beneficial Association
................................................... .. t
The Western Saving Fund Society
..................................................... t
Wyoming Bank and Trust Company
..................................................... t
W. Wallace Alexander, trading as Alexander Savings
Account

Phoenixville ...................................................... Farmers & Mechanics-National Bank
Phoenixville .....................................................f
Phoenixville Trust Co.
Pine G ro v e......................................................... Pine Grove National Bank & Trust Co.
Pittston .............................................................. First National Bank
Pittston ............................................................. Liberty National Bank of Pittston
Pittston ..............................................................t
Miners Savings Bank
Plymouth ........................................................... First National Bank
Plymouth ........................................................... Plymouth National Bank
Port A llega n y .................................................. First National Bank
Port M a tild a .....................................................t
Community Bank
P ortlan d............................................................. Portland National Bank
Port R o y a l......................................................... First National Bank
Port R o y a l......................................................... Port Royal National Bank
P ottstow n........................................................... Citizens National Bank & Trust Co.
P ottstow n........................................................... National Bank of Pottstown
Pottstow n........................................................... National Iron Bank
Pottstown ......................................................... t
Security Trust Company of Pottstown
Pottsville ........................................................... Miners National Bank
Pottsville ........................................................... Penna. National Bank & Trust Co. of Pottsville
Pottsville ........................................................... t
Safe Deposit Bank
Pottsville ........................................................... t
Schuylkill Trust Co.
Pottsville ........................................................... t
Union Bank fy Trust Co.
Prospect P a r k .................................................. t
Prospect Park State Bank
Prospect Park, Norwood P. 0 ......................*Interboro Bank & Trust Company
Quakertown....................................................... Merchants National Bank
Quakertown....................................................... Quakertown National Bank
Quakertown.......................................................*Quakertown Trust Company
Quarryv ille ......................................................... Farmers National Bank
Quarryv ille ......................................................... Quarryville National Bank
R a lsto n ................................................................ First National Bank
Reading ............................................................. *Berks County Trust Company
R ea d in g .............................................................. t
Reading Trust Co.
Reamstown .......................................................t
Beamstoion Exchange Bank
Rebersburg........................................................ Rebersburg National Bank
Red L io n ............................................................. Farmers & Merchants National Bank
Red L io n ............................................................. First National Bank & Trust Co. of Red Lion
Reedsville ........................................................... Reedsville National Bank
Richfield............................................................. t
Richfield Bank
Richland ............................................................. Richland National Bank
R id gw ay ............................................................. Elk County National Bank
R id gw ay ............................................................. Ridgway National Bank
Ridley P a r k ....................................................... Ridley Park National Bank
First National Bank
Riegelsville ................................................ ..
Ringtown ........................................................... First National Bank
Roaring Sprin g................................................ First National Bank
Robesonia ......................................................... t
Robesonia State Bank
Trust Co.
R o m e .................................................................... Farmers National Bank
R oyersford......................................................... National Bank of Royersford
Member state banks, marked with an asterisk (*),
Non-member state banks, marked with a dagger (t).




12

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

(0501

PENNSYLVANIA (C ontinued)
St. M a r y s ........................................................... St. Marys National Bank
St. Marys ..........................................................t
St. Marys Trust Co.
St. M ichael......................................................... St. Michael National Bank
St. Thomas......................................................... t
St. Thomas Bank
Salix .................................................................... t
Salix State Bank
S axton ................................................................. First National Bank
S a y r e ................................................................... First National Bank of Sayre
S a y r e ................................................................... Merchants & Mechanics National Bank of Sayre
Schellsburg ....................................................... First National Bank
Schnecksville.....................................................*Schnecksville State Bank
Schuylkill Haven.............................................. First National Bank & Trust Co.
Schuylkill Haven.............................................. * Schuylkill Haven Trust Company
Schwenksville .................................................. National Bank & Trust Co. of Schwenksville
Scranton............................................................. t
East Scranton State Bank
Scranton............................................................. First National Bank
Scranton ........................................................... t
Green Iiidge Bank
Scranton ........................................................... t
North Scranton Bank fy Trust Co.
Scranton ........................................................... f
Pennsylvania Trust Co.
Scranton ........................................................... t
Providence Bank
Scranton ...........................................................t
South Side Bank fy Trust Co.
Scranton ........................................................... t
West Side Bank
Scranton ........................................................... Third National Bank & Trust Co.
Selinsgrove........................................................ Farmers National Bank
Selinsgrove........................................................ First National Bank
Selinsgrove ........................................................+
Snyder County Trust Co.
Sellersville......................................................... Sellersville National Bank
Shamokin ......................................................... f
Guarantee Trust 4" Safe Deposit Co.
-- Sham okin........................................................... Market Street National Bank
Sham okin........................................................... National-Dime Bank of Shamokin
Sham okin........................................................... t
Peoples Trust Co.
Sham okin........................................................... * Shamokin Banking & Trust Co.
Sham okin........................................................... West End National Bank of Shamokin
Shenandoah....................................................... Merchants National Bank
Shenandoah....................................................... Miners National Bank of Shenandoah
Shickshinny....................................................... First National Bank
Shinglehouse..................................................... First National Bank
Shippensburg ................................................... First National Bank
Shippensburg ................................................... Peoples National Bank
Shiremanstown................................................ t
Shiremanstoiun State Bank
Shoemakersville .............................................. First National Bank
Slatington ......................................................... Citizens National Bank
Slatington ......................................................... National Bank of Slatington
Smethport ......................................................... Grange National Bank of McKean County
Smethport ..........................................................t
Hamlin Bank # Trust Co.
Souderton........................................................... Peoples National Bank
Souderton........................................................... Union National Bank & Trust Co.
Southampton.....................................................t
Southampton State Bank
South Fork......................................................... First National Bank
South Fork ....................................................... t
Union Deposit Bank
South W illiam sport............................. ■
......... t
Bank of South Williamsport
Spangler ........................................................... t
Keystone Bank
Spring City............... ......................................... National Bank & Trust of Spring City
Spring Mills....................................................... First National Bank
Springville......................................................... -F irst National Bank
State College..................................................... First National Bank
State College ................................................... Peoples National Bank
Steelton ............................................................. t
Peoples Bank
Steelton............................................................... *Steelton Bank & Trust Co.
Stewartstown .................................................. Peoples National Bank
Strasburg........................................................... First National BankStroudsburg ..................................................... First-Stroudsburg National Bank
Stroudsburg ..................................................... +
Security Trust Co.
Summit Hill ..................................................... t
Summit Hill Trust Co.
Sunbury ............................................................. First National Bank
Susquehanna..................................................... City National Bank
Susquehanna..................................................... First National Bank
Swarthm ore...................................................... Swarthmore National Bank & Trust Co.
Member state banks, marked with an asterisk (*).
Non-member state banks, marked with a dagger (f).




13

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

pd.

(0501

2 0 1950

C h )
C IR C U L A R
M A R CH

Federal Reserve Ba n k
of

To

A

ll

In T

he

P R E S ID E N T ’S P R O C L A M A T IO N

In s t i t u t i o
T

h ir d

1933

R E G U L A T IO N S U N D E R

P h il a d e l p h ia

Ba n k in g

N O. 540
14.

ns

Federal

R

eserve

D

is t r ic t

:

U nder authority conferred upon him by the President’s proclam ation declaring a bank
holiday, the Secretary o f the Treasury has issued the follow in g additional regulations up to
d a te :
25.

Pending the determination by the Treasury Department o f a suit­
able procedure fo r licensing the delivery o f gold fo r 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 fo r legitimate and custom ary uses
in trade, profession or art, provided such request is accom panied
by affidavit o f the person requesting such gold, stating the amount
o f unmanufactured gold on hand and the facts m aking it neces­
sary to obtain such gold fo r the purpose o f maintaining em ploy­
ment.
A ll banks licensed to open fo r usual and normal functions are per­
mitted to carry out any transaction necessary to com plete the de­
livery o f any gold authorized by any Federal reserve bank to be
delivered in accordance with such request.

26 .

A ll banking institutions m ay 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 fo r dom estic and
foreign patent, trade-m ark and design application fees, and in
paym ent fo r dom estic and foreign patent and trade-m ark taxes
and renewals. No gold or gold certificates shall be paid out,
withdrawn, or exported under this regulation.

The Secretary o f the Treasury in a recent statement reminds us that: “ Banking institu­
tions w hich have not yet been permitted to reopen fo r normal and usual functions are still per­
mitted to continue to carry on the limited activities specified b y regulations 1 to 19.”




V ery truly yours,
GEO. W . NORRIS,
G overnor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

< (0 SO)
0»

BEC’ D IN FILES SECTIgN

.

MAR 2 0 195Q,

4 70,-r.rt A # 'vWCr'f 'JS’STT"

Fed er al Reserve Bank

M ARCH

O F P H IL A D E L P H IA

To

A ll

B a n k in g

T h ir d

In s t it u t io n s

Federal

Reserve

13, 1 9 3 3

R E G U L A T IO N S U N D E R
P R E S ID E N T ’S P R O C L A M A T IO N

In

T he

D is t r ic t :

Under authority conferred upon him by the President’s proclam ation declaring a bank
holiday, the Secretary o f the Treasury has issued the follow in g additional regulations up to
d a te :
19.

E xcept as otherwise prohibited by law, banking institutions may
exercise their normal and usual functions in permitting substitu­
tion fo r or release o f collateral held by them, provided other
collateral or cash of equal or greater value is received in exchange
therefor.

20.

A ll Federal reserve banks and their branches and agencies m ay
open M arch 13, 1933, and m ay remain open fo r the perform ance
o f all usual and normal banking functions, except as prohibited
by the executive order issued by the President on M arch 10,
1933, and any further orders or regulations hereafter issued.

21.

Banking institutions w hich are not members o f the Federal
Reserve System or organized under the laws o f the United States
and which are not under the imm ediate supervision o f any state
authority may, on and after M arch 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 o f
the Treasury, nor allow w ithdraw al o f any currency fo r hoarding,
nor engage in any transaction in foreign exchange except such
as m ay be undertaken fo r legitimate and normal business require­
ments, fo r reasonable traveling and other personal requirements,
and fo r fulfillm ent o f contracts entered into prior to M arch 6,
1933.




V ery truly yours,
GEO.

W.

NORRIS,
Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

Fed er al R eserve Ba n k
of

To A ll

P h il a d e l p h ia

Ba n k in g

M ARCH

13. 1 9 3 3

R E G U L A TIO N S U N D E R
P R E S ID E N T’S PR O C LA M ATIO N

In s t it u t io n s

In T h e T h ir d F e d e r a l . R e s e r v e D i s t r i c t :

Under authority conferred upon him by the President’ proclamation declaring a bank
s
holiday, the Secretary of the Treasury has issued the following additional regulations up to
date:
22.

All Federal Land Banks, Federal Intermediate Credit Banks, Joint
Stock Land Banks, Federal H o m e Loan Banks, regional Agricul­
tural Credit Corporations and the Reconstruction Finance Corpora­
tion 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 m a y hereafter be limited or prohibited by regulations
promulgated by the Secretary of the Treasury.
This permission, as to each of the foregoing banking institutions,
m a y be revoked in whole or in part by the Secretary of the Treas­
ury at any time, and i granted as to each such institution upon the
s
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 i i located, all gold coin, gold bullion and
t s
gold certificates owned by i , and receive payment in credit or in
t
other forms of coin or in currency.

23.

N o banking institution shall permit any withdrawal by any person
when such institution, acting in good faith, shall deem that the
withdrawal i intended for hoarding. Any banking institution,
s
before permitting the withdrawal of large or unusual amounts of
currency, m a y require from the person requesting such with­
drawal, a full statement under oath of the purpose for which the
currency i requested.
s

24.

All banking institutions m a y cash official drafts drawn upon the
Secretary 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.




Very truly yours,
GEO. W . NORRIS.
Governor.

Reproduced from the Unclassified / Declassified Holdings of the National Archives




DECLASSIFIED
Authority

p

X ) » (0

SO

|

M arch 12, 1933

Dear Sirs:—
This w ill acknow ledge receipt o f your application fo r license
to open fo r the transaction o f all usual and normal banking functions,
except as otherwise prohibited, upon the cessation o f the holiday, which
we have placed before the Secretary o f the Treasury for. consideration.

V ery truly yours,

GEO. W . NORRIS,
Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p d .

(0501

jxjsv' u

UN i o u i JS SECTION

KAR 2,0 1
/
C IR C U L A R

F

ederal

Reserve

Bank

M A R CH

R E G U L A T IO N S U N D E R
P R E S ID E N T ’S P R O C L A M A T IO N

O F P H ILA D E LP H IA

To

A ll

B a n k in g
T

h ir d

F

In s titu tio n s

ed er a l

R

N O. 5 3 S
11, 1 9 3 3

eser ve

In
D

The
is t r ic t

:

Under authority conferred upon him by the President’s proclam ation declaring a bank
holiday, the Secretary o f the Treasury has issued the follow in g additional regulation up to
d a te :

18.




A ll banking institutions are hereby authorized to subscribe and
pay fo r any United States Government obligations which may
be offered fo r 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.

A ll Federal reserve banks are authorized to

redeem matured obligations o f the United States and to cash
matured coupons, provided no gold or gold certificates shall be
paid out.
Very truly yours,
GEO.

W.

NORRIS,
Governor,,

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

fra. (0501

AR 2 0
.

Federal

reserve

A ll

M em ber

T h ir d

B a n k s In

Federal

C IR C U L A R N O . 5 3 3
M A R CH IQ, 1 9 3 3

Bank

E X E C U T IV E O R D E R C O N C E R N IN G
R E -O P E N IN G O F B A N K S

O F PHILADELPHIA

To

1950

T he

Reserve

D is t r ic t :

The follow in g executive order was signed by the President o f the United States this
a ftern oon :
“ By virtue o f the authority vested in me by Section 5 (b ) o f the A ct o f O ctober 6, 1917
(40 Stat. L 411) as am ended by the A ct o f M arch 9, 1933 and by Section 4 o f the said A ct o f
M arch 9, 1933, and by virtue o f all other authority vested in me, I hereby issue the follow in g
executive ord er:
“ The Secretary o f the Treasury is authorized and em pow ered under such regulations
as he may prescribe to permit any m em ber bank o f the F ederal reserve system and any other
banking institution organized under the laws o f the United States, to perform any or all o f their
usual banking functions, except as otherwise prohibited.
“ The appropriate authority having immediate supervision o f banking institutions in each
state or any place subject to the jurisdiction o f the United States is authorized and em pow ered
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 foregoin g paragraph, to perform
any or all o f their usual banking functions, except as otherwise prohibited.
“ A ll banks which are members o f the Federal reserve system desiring to re-open fo r
the perform ance o f all usual and norm al banking functions, except as otherwise prohibited,
shall apply fo r a license therefor to the Secretary o f the Treasury. Such applications shall be
filed im m ediately through the Federal reserve banks. The Federal reserve bank shall then
transmit such applications to the Secretary o f the Treasury. Licenses w ill be issued by the
Federal reserve bank upon approval o f the Secretary o f the Treasury. The Federal reserve
banks are hereby designated as agents o f the Secretary o f the Treasury fo r the receiving o f
applications and the issuance o f licences in his b eh alf and upon his instructions.
“ Until further order, no individual, partnership, association, or corporation, including
any banking institution, shall export or otherwise rem ove or permit to be w ithdraw n from the
United States, or any place subject to the jurisdiction thereof, any gold coin, gold bullion, or gold
gold certificates, except in accordance with regulations prescribed by or under license issued by
the Secretary o f 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 o f the Treasury, nor to allow w ithdraw al o f any currency fo r
hoarding, nor to engage in any transaction in foreign exchange except such as m ay be under­
taken fo r legitimate and normal business requirements, fo r reasonable traveling and other
personal requirements, and fo r the fulfilm ent o f contracts entered into prior to M arch 6, 1933.
“ Every Federal reserve bank is authorized and instructed to keep itself currently in­
form ed as to transactions in foreign exchange entered into or consummated within its district
and shall report to the Secretary o f the Treasury all transactions in foreign exchange w hich
are prohibited.”
F r a n k l in D . R oosevelt .

W e take pleasure in transmitting this fo r your inform ation.




V ery truly yours,
GEO.

W.

NORRIS,
Governor.

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

p X ).

(OSOj

’ D IN FILES SECTION

,-AR 2 0 1950
"o.
C IR C U L A R

F

eder al

Reser

ve

Bank

M A R CH

-

a

A

NO. 5 3 4
lO .

1933

R E G U L A T IO N S U N D E R

O F P H IL A D E L P H IA

P R E S ID E N T ’S P R O C L A M A T IO N

To

A ll

B a n k in g
T h ir d

In s t i t u t i o n s

Federal

Reserve

In

T he

D is t r ic t :

U nder authority conferred upon him by the President’s proclam ation declaring a bank
holiday, the Secretary o f the Treasury has issued the follow in g additional regulations up to
d ate:
15.

The permission granted in Regulation Num ber 7 that deposits
heretofore received by any banking institution pursuant to agree­
ment or legislative authority providing fo r segregation and repay­
ment w ithout restriction m ay be paid on demand, includes any
bank in w hich any such deposits have been redeposited by or on
b eh alf o f the receiving bank in accordance with such agreem ent
or legislative authority.

16.

A ll banking institutions are hereby authorized to take such steps
and carry through such transactions as m ay be necessary to com ­
plete fo r their own account, or the account o f their customers, pay­
ment on any subscriptions fo r Treasury bills o f the United States
fo r w hich paym ent was due on M arch 6, 1933.

17.




A ny banking institution may, when the owners consent thereto,
pay checks issued prior to M arch 6, 1933 and received in due
course o f business by the draw ee banking institution, by charging
the amounts th ereof to the accounts o f the drawers and crediting
such amounts to the accounts o f such owners on the books o f the
draw ee banking institution.
V ery truly yours,
GEO. W . NORRIS,
G overnor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

px>.

(0 5 0 1

C IR C U L A R N O . 5 3 0

Federal

Reserve

M A R CH 7 , 1 9 3 3

Bank

R E G U L A T IO N S U N D E R

O F P H IL A D E L P H IA

P R E S ID E N T ’S P R O C L A M A T IO N

KEC’ D IN FILES SECTION

SPECIAL ACCOUNTS

To

A ll
In

B a n k in g
T he

FOR SEGREGATED

In s t it u t io n s

T h ir d

Federal

Reserve

D is t r ic t :

Under authority conferred upon him by the President’s Proclam ation declaring a
bank holiday, the Secretary o f the Treasury has issued the follow in g additional Regulation:
Deposits heretofore received b y any banking institution pursuant
to agreem ent or legislative authority providing fo r segregation and
fo r repaym ent without restriction m ay be paid on demand. A ny bank­
ing institution w hich was law fully engaged in the business o f receiving
deposits prior to M arch 6, 1933, may create special trust accounts fo r
the receipt o f new deposits which shall be subject to withdraw al on
demand without any restriction or limitation and shall be kept sep­
arately in cash or on deposit in Federal Reserve Banks or invested in
obligations o f the United States.

7.

Federal Reserve Banks m ay open special accounts on their books
fo r their m em ber banks and tem porarily fo r non-mem ber banks, and
may receive in such special accounts the proceeds o f new deposits
received by such banking institutions. In m aking deposits with the
Federal Reserve Bank pursuant to this regulation the depositing bank
shall in the case o f each deposit indicate to the Federal Reserve Bank
by sym bol or otherwise that the funds so deposited represent new de­
posits made under this regulation. U pon receipt o f such deposits such
Federal Reserve Bank shall credit the same in the special account of
the depositing bank herein provided fo r and shall hold the same solely
fo r repaym ent to such bank.
Federal Reserve Banks shall permit the w ithdraw al o f any part
or all o f such new deposits by the depositing bank without restriction
provided that the depositing bank shall in such order or request fo r
w ithdraw al indicate to the Federal Reserve Bank by symbol or other­
wise that such w ithdraw al is to be made from such special account,
provided, how ever, that no banking institution shall pay out or perm it
the withdraw al o f any gold or gold certificates.
The follow in g form s are enclosed herew ith fo r your inform ation in connection with
the opening o f such “ Special A ccounts” :
1.

Instructions fo r opening and handling “ Special A ccounts” .

2.

Resolution o f Board o f D irectors authorizing the opening o f a
“ Special A ccou n t” , (tw o co p ie s).

3.

Deposit Agreem ent, (tw o cop ies).




V ery truly yours,
GEO. W . NORRIS,
Governor.

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority p X ) - IQ S Q I

EEC’D IN FOES SECTION

C IR C U L A R N O . 8 2 9

F

Reser

ederal
o f

To

A ll
In

Ph

ve

M A R CH 6 . 1 9 3 3

Bank

R E G U L A T IO N S U N D E R

il a d e l p h ia

B a n k in g
T he

P R E S ID E N T ’S P R O C L A M A T IO N

In s t it u t io n s

T h ir d

Federal

Reserve

D is t r ic t :

U nder authority conferred upon him b y the President’s proclam ation declaring a bank
holiday, the Secretary o f the Treasury has issued the follow in g regulations up to d a te :




1.

A ll Federal Reserve Banks and all other banking institutions are
authorized to m ake change b y the exchange o f currency a n d /or
coin o f various denominations fo r an exactly equal amount o f
currency a n d /o r coin o f other denominations but no gold or gold
certificates shall be paid out in m aking change.

2.

A ll banking institutions m ay allow their customers free access
to the safety deposit boxes and safes rented to such customers.

3.

A ll banking institutions m ay upon request return intact and with­
out restriction all cash, checks and other items delivered fo r
deposit or collection w hich w ere received after the last closing
o f business hours and have not been entered oh the books o f such
banking institution.

4.

A ll banking institutions m ay continue, in accordance with usual
practice, to cash checks drawn on the Treasurer o f the United
States, provided that no gold or gold certificates shall be paid
out.

5.

A n y banking institution m ay accept payments in cash or any other
form acceptable to it on account or in settlement o f obligations
payable at or to such institution.

6.

A n y banking institution m ay handle and collect drafts or other
docum ents in connection with the shipment, transportation or
delivery o f fo o d or feed products, m ay pay out or permit the
w ithdraw al o f such amounts o f currency as shall be necessary in
the judgm ent o f such banking institution in connection with such
shipment, transportation or delivery o f fo o d or feed products,
and m ay perform such other banking functions as m ay be essen­
tial to the shipment, transportation or delivery o f fo o d or feed
products, provided, how ever, that no banking institution shall
pay out or perm it the w ithdraw al o f any gold or gold certificates.
V ery truly yours,
GEO. W . NORRIS,
Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p A)« ( 0 5 0 1

REC’D IN FILES SECTION

AUG 2 41954

0)

j fix

Federal Reserve Bank
of Cleveland
Supplement No. 9 to Revised List of March 3 0 , 1 9 3 3
Supersedes all previous supplements to our revised list of
Fourth District Banks granted licenses to reopen
on and after March 13, 1933.

THIS LIST HAS BEEN PREPARED FROM THE BEST INFORMATION OBTAINABLE.
THE FEDERAL RESERVE BANK OF CLEVELAND ASSUMES NO RESPONSI­
BILITY FOR DATA RELATING TO NON-MEMBER STATE BANKS.
SUPPLEMENTS EMBODYING CHANGES WILL BE
PREPARED FROM TIME TO TIME.

SUBJECT TO CHANGE WITHOUT NOTICE

THIS LIST SHOULD BE USED IN CONJUNCTION WITH THE
FEDERAL RESERVE BOARD’ S PAR LIST AND SUPPLEMENTS.
IT DOES NOT SUPPLANT IT.

June 1, 1 9 3 3

Extra copies of this Supplement may be obtained from the Federal Reserve Bank
of Cleveland or its branches at Cincinnati and Pittsburgh




DISCARD ALL PREVIOUS SUPPLEMENTS

UA

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

A ). (0

SO|

Additions to or changes in list of Fourth District Banks authorized to resume operations without
restrictions, subject only to the restrictions of the Executive Order of March 10, 1933.
Embodies all reported changes and additions since issuance of our printed list of March 30, 1933.
KENTUCKY
Add:
Dry Ridge
Somerset
Walton

Barbourville First State Bank
Brooksville *First National Bank
Cannel City *Morgan County National Bank

Remove:

Note:
Ravenna

Farmers Bank & Trust Co.
*Farmers National Bank
Walton Equitable Bank

(Branch of Union Bank and Trust
Co., Irvine, Ky.; licensed 3-15-33)

Corinth

Farmers Bank

OHIO
Add:

New

Akron
Dime Savings Bank
Batavia (C)
*First National Bank
Belmore
Belmore Bank Co.
Bergholz
Bergholz State Bank
Bolivar
Bolivar State Bank
Coming
Bank of Coming Co.
Fort Loramie
Loramie Banking Co.
Fostoria
Commercial Bank & Savings Co.
Freeport
Freeport State Bank
Galena
Bank of Galena Co.
Grafton
Grafton Savings & Banking Co.
Grand Rapids
Grand Rapids Banking Co.
Hudson
*National Bank of Hudson
Huntsville
Huntsville State Bank
Jackson Center *First National Bank
Liberty Center Liberty State Savings Bank
Massillon
*First National Bank at Massillon
Nelsonville (C) Peoples Bank Co.
Newcomerstown Oxford Bank

Washington
North
Baltimore
Oakwood
Paulding
Perrysburg

Farmers State Bank

Hardy Banking Co.
Oakwood Deposit Bank
Farmers Banking Co.
Citizens Banking Co.
Perrysburg Banking Co.
Phillipsburg (C) Phillipsburg State Bank
Piedmont
Piedmont State Bank
Pioneer
Pioneer Banking Co.
Ridgeway
Ridgeway Banking Co.
Sardinia (C)
*Farmers National Bank
Senecaville
*First National Bank
Smithfield
Miners & Merchants Bank
Spencer
Farmers Savings Bank
Sugarcreek
Citizens Bank
Warsaw
Farmers & Merchants Bank Co.
Waterville
Waterville State Savings Bank Co.
Worthington
Worthington Savings Bank

Note:
Ashland

*Ashland Bank & Savings Co.
(Licensed 3-15-33; admitted to
membership Federal Reserve Sys­
tem 3-31-33)
Belpre (C)
First State Bank (Branch of Peoples
Banking & Trust Co., Marietta;
licensed 3-15-33)
College
Farmers State Bank (Located in
Comer (C)
Indiana, but post office is in Ohio;
licensed 3-15-33)
Deshler
Deshler State Bank (Absorbed by
Com City State Bank; licensed
3-15-33)
Green Camp Peoples Bank (Branch of ProspectCitizens Bank, Prospect; licensed
3-17-33)

* indicates member of

Federal Reserve System

(C) in Cincinnati Branch territory




Leesburg (C) *Citizens Bank & Savings Co.
(Licensed 3-15-33; admitted to
membership Federal Reserve Sys­
tem 4-14-33)
Lowell (C)

Lowell Branch of Peoples Banking
& Trust Co., Marietta; licensed
3-15-33 (succeeding First National
Bank, Lowell)

Uhrichsville

Commercial Bank (Liabilities as­
sumed by Union Bank; licensed
3-15-33)

Williams­
burg (C)

Peoples Bank (Licensed 3-15-33;
name omitted from revised list)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

ft.

(0501

Additions to or changes in list of Fourth District Banks authorized to resume operations without
restrictions, subject only to the restrictions of the Executive Order of March 10, 1933.
Embodies all reported changes and additions since issuance of our printed list of March 30, 1933.
PENNSYLVANIA
Add:
Lawrence Park
(Erie P. O.)
Note:
Pittsburgh

"Lawrence Park National Bank
*Homewood Bank at Pittsburgh (licensed 3-14-33; admitted to membership
Federal Reserve System 5-23-33)

Change:
Washington

Union Trust Company to Washington Union Trust Company

We are advised that the following Fourth District Pennsylvania State Banks were authorized
to resume operations on a restricted basis in addition to limitations placed on all banks.
Ambridge
Beaver Falls
Bessemer
Brentwood
BrookvTlle
Coraopolis
Derry
Elizabeth
Erie
Farrell
Freeport
Glassport
Imperial
Indiana
Jeannette
Linesville

*Ambridge Savings & Trust Co.
State Bank of Beaver Falls
Bessemer State Bank
Brentwood State Bank
Brookville Title & Trust Co.
Coraopolis State Bank
First Savings & Trust Co.
State Bank of Elizabeth
American State Bank of Erie
Bank of Erie Trust Co.
Erie Trust Company
Colonial Trust Company
Freeport Bank & Trust Co.
Glassport Trust Co.
Imperial State Bank
Indiana County Deposit Bank
First Bank & Trust Co.
Linesville State Bank

McKees Rocks
Mount Pleasant
New Castle
Pittsburgh

Rankin
Salina
Salisbury (Elk
Lick P. O.)
Sharpsburg
Turtle Creek
Warren
Wesleyville

McKees Rocks Trust Co.
Citizens Savings & Trust Co.
Peoples Savings & Trust Co.
Fifth Avenue Bank of Pittsburgh
Hazelwood Savings & Trust Co.
Ohio Valley Bank
Pennsylvania Trust Co.
St. Clair Savings & Trust Co.
West End Savings Bank & Trust Co.
The Rankin Bank
State Bank of Salina
Citizens State Bank
Farmers & Mechanics Bank
Cosimo Licursi (Private Banker)
Turtle Creek Savings & Trust Co.
Warren Savings Bank & Trust Co.
Bank of Wesleyville

We are advised that the following institutions in Pennsylvania are operating in full under
Treasury Regulation No. 21.
Beallsville
Jess P. Miller
Beaver Falls
John T. Reeves & Company
(Listed as licensed bank in our printed list of
March 30, 1933 in error)
Frank Riva
Charleroi
Central Bank
Dunbar
Girard
R. S. Battles Bank
Tobias Berkowitz
Irwin
Pittsburgh
Weiterhausen Steamship Agency
Youngsville Savings Bank
Youngsville

WEST VIRGINIA
Add:
Hundred
Remove:
Moundsville

Bank of Hundred
Marshall County Bank
Mound City Bank

* indicates member of Federal Reserve System




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

Authority p AX ( 0 5 0 1

KEC7D

in

FI S m SECTION i
FILES n w h ,

AUG 2 41954 r H

>5"

Federal Reserve Bank
of Cleveland
Supplement No. 8 to Revised List o f March 3 0 ,1 9 3 3
Supersedes all previous supplements to our revised list of
Fourth District Banks granted licenses to reopen
on and after March 13, 1933.

THIS LIST HAS BEEN PREPARED FROM THE BEST INFORMATION OBTAINABLE.
THE FEDERAL RESERVE BANK OF CLEVELAND ASSUMES NO RESPONSI­
BILITY FOR DATA RELATING TO NON-MEMBER STATE BANKS.
SUPPLEMENTS EMBODYING CHANGES W ILL BE
PREPARED FROM TIM E TO TIM E.

SUBJECT TO CHANGE WITHOUT NOTICE

THIS LIST SHOULD BE USED IN CONJUNCTION WITH THE
FEDERAL RESERVE BOARD’S PAR LIST AND SUPPLEMENTS.
IT DOES NOT SUPPLANT IT.

May 2 5 , 1 9 3 3

Extra copies o f this Supplement may be obtained from the Federal Reserve Bank
o f Cleveland or its branches at Cincinnati and Pittsburgh




DISCARD ALL PREVIOUS SUPPLEMENTS

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

px).

(0 5 0 1

Additions to or changes in list o f Fourth District Banks authorized to resume operations without
restrictions, subject only to the restrictions of the Executive Order o f March 10, 1933.
Embodies all reported changes and additions since issuance of our printed list o f March 30, 1933.

KENTUCKY
Remove:
Corinth

Add:
Barbourville
Brooksville
Cannel City
Somerset
Walton

First State Bank
*First National Bank
*Morgan County National Bank
*Farmers National Bank
Walton Equitable Bank

Farmers Bank

Note:
Ravenna

•(Branch of Union Bank and Trust Co., Irvine, Ky.; licensed 3-15-33.)

OHIO
Add:
Akron
Dime Savings Bank
Batavia (C)
*First National Bank
Belmore
Belmore Bank Co.
Bergholz
Bergholz State Bank
Bolivar
Bolivar State Bank
Coming
Bank of Coming Co.
Fort Loramie
Loramie Banking Co.
Fostoria
Commercial Bank & Savings Co.
Freeport
Freeport State Bank
Galena
Bank of Galena Co.
Grand Rapids
Grand Rapids Banking Co.
Hudson
*National Bank of Hudson
Huntsville
Huntsville State Bank
Jackson Center *First National Bank
Liberty Center Liberty State Savings Bank
Massillon
*First National Bank at Massillon
Nelsonville (C) Peoples Bank Co.
Newcomerstown Oxford Bank

New
Washington
North
Baltimore
Oakwood
Paulding
Perrysburg

Farmers State Bank

Hardy Banking Co.
Oakwood Deposit Bank
Farmers Banking Co.
Citizens Banking Co.
Perrysburg Banking Co.
Phillipsburg (C) Phillipsburg State Bank
Piedmont
Piedmont State Bank
Pioneer
Pioneer Banking Co.
Ridgeway
Ridgeway Banking Co.
Sardinia (C)
*Farmers National Bank
Senecaville
*First National Bank
Smithfield
Miners & Merchants Bank
Spencer
Farmers Savings Bank
Sugarcreek
Citizens Bank
Warsaw
Farmers & Merchants Bank Co.
Waterville
Waterville State Savings Bank Co.
Worthington
Worthington Savings Bank

Note:
*Ashland Bank & Savings Co.
(Licensed 3-15-33; admitted to
membership Federal Reserve Sys­
tem 3-31-33)
Belpre (C)
First State Bank (Branch of Peoples
Banking & Trust Co., Marietta;
licensed 3-15-33)
College
Farmers State Bank (Located in
Comer (C)
Indiana, but post office is in Ohio;
licensed 3-15-33)
Deshler
Deshler State Bank (Absorbed by
Com City State Bank; licensed
3-15-33)
Green Camp Peoples Bank (Branch of ProspectCitizens Bank, Prospect; licensed
3-17-33)

Ashland

* indicates member of Federal Reserve
(C) in Cincinnati Branch territory




System

Leesburg (C) *Citizens Bank & Savings Co.
(Licensed 3-15-33; admitted to
membership Federal Reserve Sys­
tem 4-14-33)
Lowell (C)

Lowell Branch of Peoples Banking
& Trust Co., Marietta; licensed
3-15-33 (succeeding First National
Bank, Lowell)

Uhrichsville

Commercial Bank (Liabilities as­
sumed by Union Bank; licensed
3-15-33)

Williams­
burg (C)

Peoples Bank (Licensed 3-15-33;
name omitted from revised list)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

^

AX ( 0 5 0 )

Additions to or changes in list of Fourth District Banks authorized to resume operations without
restrictions, subject only to the restrictions of the Executive Order of March 10, 1933.
Embodies all reported changes and additions since issuance of our printed list of March 30, 1933.
PENNSYLVANIA
Add:

Lawrence Park
(Erie P. O.)
Note:
Pittsburgh

■"Lawrence Park National Bank
*Homewood Bank at Pittsburgh (licensed 3-14-33; admitted to membership
Federal Reserve System 5-23-33)

Change:

Washington

Union Trust Company to Washington Union Trust Company

We are advised that the following Fourth District Pennsylvania State Banks were authorized
to resume operations'on a restricted basis in addition to limitations placed on all banks.
Ambridge
Beaver Falls
Bessemer
Brentwqod
Brookville
Coraopolis
Derry
Elizabeth
Erie
Farrell
Freeport
Glassport
Imperial
Indiana
Jeannette
Linesville

*Ambridge Savings & Trust Co.
State Bank of Beaver Falls
Bessemer State Bank
Brentwood State Bank
Brookville Title & Trust Co.
Coraopolis State Bank
First Savings & Trust Co.
State Bank of Elizabeth
American State Bank of Erie
Bank of Erie Trust Co.
Erie Trust Company
Colonial Trust Company
Freeport Bank & Trust Co.
Glassport Trust Co.
Imperial State Bank
Indiana County Deposit Bank
First Bank & Trust Co.
Linesville State Bank

McKees Rocks
Mount Pleasant
New Castle
Pittsburgh

Rankin
Salina
Salisbury (Elk
Lick P. O.)
Sharpsburg
Turtle Creek
Warren
Wesleyville

McKees Rocks Trust Co.
Citizens Savings & Trust Co.
Peoples Savings & Trust Co.
Fifth Avenue Bank of Pittsburgh
Hazelwood Savings & Trust Co.
Ohio Valley Bank
Pennsylvania Trust Co.
St. Clair Savings & Trust Co.
West End Savings Bank & Trust Co.
The Rankin Bank
State Bank of Salina
Citizens State Bank
Farmers & Mechanics Bank
Cosimo Licursi (Private Banker)
Turtle Creek Savings & Trust Co.
Warren Savings Bank & Trust Co.
Bank of Wesleyville

We are advised that the following institutions in Pennsylvania are operating in full under
Treasury Regulation No. 21.
Beallsville
Jess P. Miller
Beaver Falls
John T. Reeves & Company
(Listed as licensed bank in our printed list of
March 30, 1933 in error)
Charleroi
Frank Riva
Central Bank
Dunbar
Girard
R. S. Battles Bank
Tobias Berkowitz
Irwin
Pittsburgh
Weiterhausen Steamship Agency
Youngsville
Youngsville Savings Bank

WEST VIRGINIA
Add:
Hundred

Bank of Hundred

Remove:

Moundsville

Marshall County Bank
Mound City Bank

* indicates member oj Federal Reserve System




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
A) ♦ 10 S O 1

Authority

FORM F . R. 326

BEC’D IN FILES SECTION

APR 12 1 9 5 0 7 ^ 4 n n .-C L .(4J

Da t e

^

K,nd of M a t e r .al :

*r ~¥'

Name

or




V"

^

Subject:

?

CHECKED

BY

.-------------

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

f r a . iosoi

BEC’D IN FILES SECTION
F e d e ra l R eserv e
o f C le v e la n d

B ank

I

/\pp J 2 1950^*>^

I—

^ 7 # ,

April 21, 1933.

• O ALL BASKS I '
T
N
FOURTH FEDERAL RESERVE DISTRICT:

The President of the United States on April 20, 1933, issued the
following Executive Order relating to foreign exchange and the earmarking and
export of gold ooin or bullion or currency:
HBy virtue of the authority vested in me by Section 5(b) of the
£ct of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933,
entitled ’ Act to provide relief in the existing national emergency in bank­
An
ing, and for other purposes,’ in which amendatory Act Congress declared that
a serious emergency exists, I, Pranklin D. Roosevelt, President'of the United
States of America, do declare that said national emergency still continues to
exist and pursuant to said section and by virtue of all other authority vested
in me, do hereby issue the following Executive Order:
1. "Until further order, the earmarking for foreign account and
the export of gold coin, gold bullion or gold certificates from
the United States or any place subject to the jurisdiction
thereof are hereby prohibited, except that the Secretary of the
Treasury, in his discretion and subject to such regulations as
he may prescribe, may issue licenses authorizing the export of
gold coin and bullion
(a) Earmarked or held in trust for a recognized foreign govern­
ment or foreign central bank or the Bank for International
Settlements,
(b) Imported for reexport or gold in reasonable amounts for usual
trade requirements of refiners importing gold bearing materi­
als under agreement to export gold,
(c) Actually required for the fulfilment of any contract entered
into prior to the date of this Order, by an applicant who in
obedience to the Executive Order of April 5, 1933, has deliv­
ered gold coin, gold bullion or gold certificates, and
(d) With the approval of the President, for transactions which
he may deem necessary to promote the public interest.
“Until further order, the Secretary of the Treasury is author­
ized, through any agency that he may designate, to investigate,
regulate, or prohibit, under such rules and regulations as he
may prescribe, by means of licenses or otherwise, any transac­
tions in foreign exchange, transfers of credit from any banking



Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED

-

2-

institution within the United States or any place subject to
the jurisdiction thereof to any foreign branch or office of
such banking institution or to any foreign bank or banker, and
the export or withdrawal of currency from the United States or
any place subject to the jurisdiction of the United Statesf by
any individual, partnership, association or corporation within
the United States or any place subject to the jurisdiction
thereof; and the Secretary of the Treasury may require any in­
dividual, -partnership, association, or corporation engaged in
any transaction referred to herein to furnish under oath, com­
plete 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 individ­
ual, partnership, association, or corporation either before or
after such transaction is completed.
3. ’The provisions relating to foreign exchange transactions con­
’
tained in the Executive Order of March 10, 1933, shall remain
in full force and effect except as amended or supplemented by
this Order and by regulations issued hereunder.
4. ’Applicants who have gold coin, gold bullion or gold certifi­
’
cates in their possession, or who in obedience to the Executive
Order of April 5, 1933, have delivered gold coin, gold bullion
or gold certificates shall be entitled to licenses as provided
in Section 8 of said Executive Order for amounts not exceeding
the equivalent of such coin, bullion or certificates held or de­
livered,
The Secretary may in his discretion issue or decline
to issue any other licenses under said Executive Order, which
shall in all other respects remain in full force and effect.
5. ’Whoever wilfully violates any provision of this Executive Order
’
or of any rule, regulation or license issued thereunder may be
fined not more than $10,000, or, if a natural person, may be im­
prisoned for not more than ten years, or both; and any officer,
director, or agent of any corporation who knowingly participates
in any such violation may de punished by a like fine, imprison­
ment, or both*
’This Order may be modified or revoked at any time.”
’
It is suggested that the terms and conditions of this Order
be brought to the attention of any of your customers who might be affected
by its provisions.




Very truly yours

G o v e rn o r,

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ A)*

F

ed er al
of

, R

e se r v e

Cle

B

(0 5 0 1

a n k

velan d

April 14, 1@33

To all Unlicensed Member Banks in the fourth lederal Reserve District:
Inclosed are forms to be used in reporting your deposits and
required reserves for the semimonthly periods ending March i§, larch 31,
April 15, and April 30. You will observe that two types of report
forms are enclosed, as follows:
lorm AC 168 is the customary report of required reserve
on which you will please report the amounts of deposits which
have not been made available for withdrawal by depositors.
Form AC 16? is to be used in reporting the amounts of
special deposits plus that part of "old” deposits made
available for withdrawal on a ratable basis, as follows:
Deposits received in SPECIAL TRUST ACCOUNTS pur­
suant to the provisions of Regulation 7 of the Secretary
of the Treasury and deposits received while a bank is
in the hands of a conservator appointed by the <3omptroller of the Currency or in the hands of a State
official having similar authority are demand deposits
and subject to demand deposit reserve.
The part of deposits made available for immediate
withdrawal on a ratable basis under Regulation 27 of the
Secretary of the Treasury should be treated as demand
deposits and subject to demand deposit reserve.
The part of deposits made available for withdrawal
on a ratable basis from national banks in hands of con­
servators as provided in section 206 of the Bank Conserva­
tion Act or under similar conditions from State member
banks in hands of conservators or other State officials
having similar authority should be considered as demand
deposits and subject to demand deposit reserve.
Please complete the reports for the periods ending March 15,
March 31, and April 15 immediately and send them to us in the envelope
that is enclosed. The report forms for the period ending April 30
should be completed promptly upon the close of that period.




Do not delay the completion and return of these reports.

Governor

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

AC

167

2800

fcx). (0501

4 -3 3

F

e d e r a l

R

B

e se r v e

a n k

of

C

levelan d

FROM:

TO BE COMPLETED BY UNLICENSED MEMBER BANKS
THE F O L L O W IN G S TA TE M E N T O F U N R E ST R IC T E D D E P O S IT S (S P E C IA L D E PO S IT S PL U S OTH ER
D E P O S IT S M ADE A V A IL A B L E FO R IMMEDIATE W IT H D R A W A L ON A R A T A B L E B A S IS ) IS C O R R E C T IN
A C C O R D A N C E W ITH TH E B O O K S O F TH IS B A N K FO R TH E SEM I-M O N TH LY PERIO D E ND ING ON TH E DATE
SH OW N ABOVE.

P R E S ID E N T - C A S H IE R - C O N S E R V A T O R

The amount of unrestricted deposits reported for each business day is to be based on the deposit balances
shown by the books of the member bank at the opening of business the same day. The amount reported for a
Sunday or a holiday is to be based on the deposit balances at the close of the preceding business day. The
amount so reported for a Sunday or a holiday must be repeated for the following business day.

(E d am
n
ounts w tw naughts, e.g., 1,567,900)
ith o
TOTAL OF
UNRESTRICTED DEPOSITS

D A TE

M ILLIONS

1
2

18

4

19

5

20

6

21

7

22

8

23

9

24

10

25

11

26

12

27

13

28

14

29

15

HUNDREDS

17

3

THOUSANDS

16

30
31
TO TA L

D A ILY A V E R A G E FO R PERIOD

LEGAL RESERVE REQUIRED

7 % of $.

= $_
A V E R A G E U N R E S T R IC T E D D E P O S IT S

A V E R A G E R E S E R V E R E Q U IR E D T O BE
O N D E P O S IT (I N S P E C IA L A C C O U N T )
W IT H F E D E R A L R E S E R V E B A N K O F
CLEVELAND

IMPORTANT NOTICE
This report must be signed by an officer of the member bank if bank is unlicensed and not in hands
of conservator, or by conservator if bank is in possession of such an officer, and forwarded to the Account­
ing Department, Federal Reserve Bank of Cleveland, Federal Reserve Station, Cleveland, Ohio, immediately
after the close of the period.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

\C 168

lO M

A )-

10501

10 3 3

FEDERAL RESERVE BANK OF CLEVELAND
FROM:

THE F O L L O W IN G STATE M E N T O F D A IL Y NET D E M A N D A N D TIME D E P O S IT S IS C O R R E C T IN A C C O R D ­
A N C E W ITH THE B O O K S O F TH IS B A N K FO R THE S E M I-M O N TH LY PERIO D E ND ING ON THE DATE SH O W N
ABOVE.

PR E SID E NT— CASHIER

T h e a m o u n t s of n e t d e m a n d d e p o s i ts a n d t i m e d e p o s its r e p o r t e d for each b usine ss d a y a re t o be b ased
on t h e d e p o s i t b a l a n c e s s h o w n b y t h e b oo ks o f t h e m e m b e r b a n k a t t h e o p e n i n g o f b u sine ss t h e s a m e d a y .
T h e a m o u n t s r e p o r t e d for a S u n d a y or a h o l i d a y are to he b a s e d on t h e d e p o s i t b a l a n c e s a t t h e close o f t h e
p r e c e d i n g busin ess d a y . T h e a m o u n t s so r e p o r t e d for a S u n d a y or a h o l i d a y m u s t be r e p e a t e d for the
follo w in g bu siness d a y .

(E d am
n
ounts w tw naughts, e. g ., 1,567,900)
ith o
(a ) T O T A L

(a ) TO TAL

DATE

N ET DEMAND DEPOSITS
M ILLIONS

1

20

6

21

7

22

8

28

9

24

10

26

11

26

12

27

13

28

14

29

15

HUNDREDS

19

5

THOUSANDS

18

4

M ILLIONS

17

S

HUNDREDS

16

2

THOUSANDS

TIM E DEPOSITS

30
31
total

DAILY AVERAGE FOR PERIOO

LEGAL RESERVE REQUIRED

7 % of $______________________

= $_

A V E R A G E N E T D E M A N D D E P O S IT S

Z % of $______________________

= $_

A V E R A G E T IM E D E P O S I T S

T /^ T A I

lU lA L

)

A V E R A G E R E S E R V E REQ U IR E D TO BE ON D E P O S IT \
I W ITH THE F E D E R A L R E SE R V E B A N K O F C L E V E L A N D /

—

*P_

(a )
TO A SC E R T A IN THE T O T A L NET DE M A N D A N D T O T A L TIME D E P O SIT S TO BE ENTERED ON TH IS
R EPO RT FO R EACH D A Y , REFER TO THE FORM FO R C O M P U T IN G R EQ UIRED RESE RV E PR IN TED ON THE
R EV E RSE O F TH IS R EPO RT.

I M P O R T A N T N O T IC E
This report m ust be signed by an officer o f the member bank and forwarded to the Accounting Depart­
m ent, Federal Reserve Bank o f Cleveland, Federal Reserve Station, Cleveland, Ohio, im m ediately after
the close o f the period.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

(0501

FORM FO R C O M P U TIN G R ES ER V E R EQ U IR ED T O B E M A IN TA IN E D W IT H
T H E IR F E D E R A L R ES ER V E B A N K B Y M EM BER B A N K S
DEM AN D DEPOSITS SUBJECT TO RESERVE (E X C E P T B A N K
A N D U . S. GOVERNM ENT)
(Due in 30 days or less or subject to less than 30 days’ notice)
1.

Individual deposits subject to check*----------------------------------------------------------- $— --------------------------

2.

Certificates of deposit (other than for money borrowed)__________________$-----------------------------

3.

State, county, and municipal deposits______________________________________ $-----------------------------

4.

Other demand deposits (including uninvested trust funds)------------------------ $-----------------------------

5.

TO TAL OF ITEM S 1 to 4 (Total of schedule K in the quarterly condition
report) ___________________________________________________________________ _________________________________________$

*General ledger control figures plus overdrafts OR total of credit balances on
the ledgers.

DUE TO B AN K S
6.

Due to Federal Reserve Bank (deferred credits)---------------------------------------- $-----------------------------

7.

Demand balances duQ. to other banks and trust companies in United

8.

Demand balances due to banks in foreign countries----------------------------------- $-----------------------------

9.

Certified and cashier’s or treasurer’s checks, including dividend checks,

S ta te s___________________________________________________________________ $-----------------------------

outstanding __________________________________________ __________________ $----------------------------10.

Letters"of credit and travelers’ checks sold for cash and outstanding.-------$-----------------------------

11.

TO TAL DUE TO B A N K S (Total of Schedule J in the quarterly condi­
tion report)**______________________________________ _______ ________________________________ $
LESS— D U E FROM B AN K S

12.

Items with Federal Reserve Bank in process of collection_________________ $............. ..................

13.

Due from banks (other than Federal Reserve Bank) and trust companies
in United States (Do not include any amounts not subject to with­
drawal without notice)____________________________________________ ____ .$-----------------------------

14.

Exchanges for clearing house and other checks on local banks___________ $-----------------------------

15.

Balances P A YA B L E IN DOLLARS due from foreign branches of other

16.

TOTAL DUE FROM B AN K S (Total of Items 4 to 8 in Schedule I of the

17.

N ET B ALAN CES D U E TO B AN K S (Item 11 less Item 16)_____________________________________

American ban ks________________________________________________________ $----------------------------quarterly condition report)**_______________________________________________________________ $.

**l* the total “D U E T O BANKS” (Item 11) is less than the total “D U E FROM
BANKS” (Item 16) no amount should be reported against Item 17.
18.

TOTAL N E T DEM AND DEPOSITS SUBJECT TO RESERVE (Item
5 plus Item 17)_____________________________________________________________ ....................................
TIM E DEPOSITS
(Deposits payable after 30 days or subject to 30 days’ or more notice, as
defined in Federal Reserve Board’s Regulation D ; and Postal Savings)

19.

State, county, and municipal deposits______________________________________

20.

Deposits of other banks and trust companies................ ........................................

21.

Other time deposits:
(a)

Deposits evidenced by savings pass book.................................................... $.

(b)

Certificates of deposit (other than for money borrowed)___________

(c)

Time deposits, open accounts; Christmas savings accounts, un­
invested trust funds, etc.____________________ _________________________

22.

Postal savings deposits_____________________________________________________

23.

TO TAL TIM E DEPOSITS (Total of Schedule L in the quarterly condi­
tion report) ________________________________________________ ______________
RESERVE REQUIRED
Seven per cent, of Total N et Demand Deposits (Item 18)______________________________________
Three per cent, of Total Time Deposits (Item 23)_____________________________________________
TO T AL RESERVE TO BE M A IN T A IN E D W IT H FE D E R A L RESERVE B A N K _______ ____




$_

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

(osq i

Authority

F e d e r a l
o f

R e s e r v e

B a n k

C l e ve l a n d

April 7, 1933

to a l l

mmm b a m s

in

rm

S’
OUETE 3SDIRAL RESERVE DISTRICT;

Tour attention Is directed to the following telegram
which has been received from the Secretary of the treasury with
respect to licensed member banks, which is self-explanatory:
"Member banks which have been granted federal
licenses to reopen are not permitted to take ad­
vantage of any State Stabilisation Act providing
for limitation of withdrawals or otherwise to
operate on restricted basis* Tou 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 li­
cense, it will be necessary for me to revoke its
^JLicenae. 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 appro­
priate officials have taken possession and control
of bank.M

Very truly yours,

Governor

3



(IJ

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

p\). (050)

I

BEC’D IN FILES SECTION

APR 12 1 9 5 (F ^ ^

March 51, 1 9 m .

TO ALL BANKING INSTITUTIONS
IN THE fOtJRTH PEDBRAi RESERVE DISTRICT:

Supplementing our previous circulars, we have received from the
Secretary of the Treasury the following Regulations:
Regulation 31

‘
'Any banking institution which is a member of the
federal Reserve System and is not licensed to per­
form usual banking functions, but which is duly authorized to engage
in the business of acting as trustee, executor, administrator, regis­
trar of stocks and bonds, transfer agent, guardian of estates, as­
signee, 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 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 in­
debtedness, as distinguished from any trust or other fiduciary duty,
of such banking institution.
"This Regulation supersedes Emergency Banking Regulation No.
13 of March 7, 1933, which is thereby revoked.”
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 with­
drawals of deposits which are lawfully secured by Collateral; provided,
that such withdrawals are (A) permissabl© 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 pref­
erences, and (C) approved by the appropriate state authority having
supervision of such bank.
"Any such hank 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.M




Very truly yours,

G o v e rn o r.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

pd .

10501

**s

b

R E C ’ IN FILES SECTION
D

AUG 2 41954

Federal Reserve Bank
of Cleveland
REVISED LIST OF FOURTH D IST R IC T BANKS GRANTED
LICENSES TO REOPEN ON AND AFTER M ARCH 13, 1933

Names of Licensed Banks Reported to 3 P. M.
Wednesday, March 29, 1933, included

THIS LIST HAS BEEN PREPARED FROM THE BEST INFORMATION OBTAINABLE.
THE FEDERAL RESERVE BANK OF CLEVELAND ASSUMES NO RESPONSI­
BILITY FOR DATA RELATING TO NON-M EM BER STATE BANKS.
SUPPLEMENTS EMBODYING CHANGES W ILL BE
PREPARED FROM TIM E TO TIM E.

SUBJECT T O C H A N G E W I T H O U T NOTICE

THIS LIST S H O U L D BE U S E D IN C O N J U N C T I O N W I T H T H E F E D E R A L
R E S ERVE B O A R D ’ P A R LIST A N D SUPPLEMENTS.
S
IT D OES N O T S U P P L A N T IT.

MARCH 3 0 , 1 9 3 3

Extra copies o f this Supplement may be obtained from the Federal Reserve Bank




o f Cleveland or its branches at Cincinnati and Pittsburgh

DISCARD ALL PREVIOUS LISTS

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p d .

(0501

F ederal R eserve B ank
of

Cleveland

March 30, 1933.

TO -MEMBER BANKS IN THE FOURTH FEDERAL RESERVE DISTRICT:

Effective at once all offices of this bank will accept
for collection and credit, checks drawn upon banks whose names
appear in the regular par list of January 1, 1933, and supplements
thereto.
Availability of checks from licensed member banks can
now be determined from our Time Schedule dated February 1, 1929,
and our Check Collection Circular remains in full force and
effect.
Checks on banks in other Federal reserve bank districts
whose names appear in the January 1, 1933, par list and
supplements thereto may be handled as heretofore.
Protest will be waived on checks less than $500. drawn
on unlicensed banks which are returned for the sole reason that
they are drawn against restricted deposits, unless the word
'"Protest’' is stamped or written on the face thereof.




Very truly yours,

Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

px).

(0 5 0 1

KENTUCKY
Fourth District Kentucky banks attached to C incinnati Branch

According to advices received to March 29 from the Secretary of the Treasury, concerning member banks
of the Federal Reserve System, and from the Kentucky Banking Department concerning State non-member
banks located in the Fourth District, the following banks were licensed to resume all banking functions on
March 13, or succeeding dates, subject to the Rules and Regulations issued by the Secretary of the Treasury
pursuant to the President’s Executive Order of March 10.
*

Alexandria
Ashland
Augusta
Beattyville
Bellevue
Berea
Berry
Blaine "
Booneville
Brodhead
Burlington
Butler
Campton
Carlisle

Catlettsburg
Clay City
Coldsprings
Corbin
Corinth
Covington

Crab Orchard
Crittenden
Cynthiana

Dayton
E. Bemstadt
Elsmere

indicates member of Federal Reserve System

Bank of Alexandria
*Second National Bank
*Third National Bank
Augusta Liberty Bank
Farmers State Bank

Ewing
Falmouth
Flemingsburg

Lee County Commercial Bank
Peoples Exchange Bank
Bellevue Commercial & Savings Bank
Campbell County Bank
Berea Bank & Trust Co.
*Berea National Bank
Union Bank of Berry
Bank of Blaine (non-par)
Farmers State Bank
Citizens Bank
Peoples Deposit Bank
Farmers Bank

Florence
Fort Thomas
Foster
Freeburn
Germantown
Georgetown

Grant
Grayson

Farmers & Traders Bank
Deposit Bank
Farmers Bank
*First National Bank
Kentucky Farmers Bank
*Clay City National Bank
Citizens Bank
*First National Bank
Corinth Deposit Bank
Farmers Bank
Central Savings Bank & Trust Co.
*Citizens National Bank
Covington Trust & Banking Co.
*First National Bank of Latonia
Peoples Liberty Bank & Trust Co.
Security Savings Bank
Crab Orchard Banking Co.
s
*
Bank of Crittenden
*Farmers National Bank
Harrison Deposit Bank & Trust Co.
*National Bank of Cynthiana

Harlan
Hazard
Hebron
Hindman
Hustonville
Hyden
Independence
Inez
Irvine
Jackson
Kirksville
Lancaster

Lexington

Bank of Dayton
State Bank & Trust Co.
*First National Bank
Peoples Liberty Bank & Trust Co.
(Agency of Covington Bank)

Eubank

First State Bank




3

Ewing Deposit Bank
Falmouth Deposit Bank
*First National Bank
Deposit Bank of Pearce, Fant & Co.
Fleming County Farmers Bank
Peoples Bank of Fleming County
Florence Deposit Bank
Fort Thomas Bank
Highland Bank
Foster Banking Co.
Merchants and Miners Bank
Bank of Germantown
Farmers Bank & Trust Co.
*First National Bank
*Georgetown National Bank
Citizens Deposit Bank
Commercial Bank
*First National Bank
First State Bank
*Harlan National Bank
Peoples Bank
Hebron Deposit Bank
Bank of Hindman (non-par)
*National Bank of Hustonville
Peoples Bank
Hyden Citizens Bank (non-par)
Bank of Independence
Inez Deposit Bank
Union Bank & Trust Co.
*First National Bank
Farmers Bank
*Citizens National Bank
Garrard Bank & Trust Co.
*National Bank of Lancaster
Bank of Commerce
Citizens Bank & Trust Co.
*First National Bank & Trust Co.
*Second National Bank
*Security Trust Co.
Union Bank & Trust Co.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

px).

1 0 50 1

KENTUCKY— Continued
London
Louisa

Ludlow
Mays Lick
McKee
McKinney
Manchester
Maysville

Middlesboro
Midway
Milford
Moorefield
Morehead
Moreland
Mt. Olivet
Mt. Sterling

Mt. Vernon
Mt. Zion
Newport

Nicholasville
North Middle­
town
Olive Hill
Owingsville

Paint Lick
Paintsville

Fanners State Bank
*National Bank of London
Big Sandy Commercial Bank
*First National Bank
*Louisa National Bank
*First National Bank

Paris

Petersburg
Pikeville
Pineville
Prestonburg

Bank of Mays Lick
Jackson County Bank
McKinney Deposit Bank
*First National Bank
First State Bank
Bank of Maysville
Security Bank & Trust Co.
*State National Bank
State Trust Co.
Commercial Bank & Trust Co.
*National Bank of Middlesboro
Citizens Bank.
Commercial Bank
Milford Deposit Bank
Moorefield Deposit Bank
Citizens Bank
Peoples Bank
Bank of Moreland
Farmers & Traders Bank
Exchange Bank of Kentucky
*Montgomery National Bank
*Mt. Sterling National Bank
*Traders National Bank
Bank of Mt. Vernon
Mt. Zion Deposit Bank

Richmond

Russell
Sadieville
Salt Lick
Salyersville
Sandy Hook
Science Hill
Sharpsburg
Somerset

Bourbon Agricultural Bank & Trust
Co.
Peoples Deposit Bank & Trust Co.
Farmers Bank
*First National Bank
*Pikeville National Bank
First State Bank
The Bank Josephine
*First National Bank
*Madison-Southem National Bank &
Trust Co.
*State Bank & Trust Co.
First & Peoples Bank
Farmers Deposit Bank
Salt Lick Deposit Bank
*Salyersville National Bank
Peoples Bank (non-par)
Peoples Bank
Citizens Bank
*Citizens National Bank
*First National Bank

Stamping
Ground
Stanton
Steams
Union

Union Deposit Bank

Vanceburg
Verona
Versailles

*American National Bank
Central Savings Bank & Trust Co.
*Newport National Bank
West Side Savings Bank
*First National Bank

Farmers Deposit Bank
Powell County Bank
State Bank of Steams

Citizens-Deposit Bank
Verona Bank
Harris-Seller Banking Co.
Woodford Bank & Trust Co.

Waco
Walton
West Liberty
Whitesburg
Whitley City
Williamsburg

North Middletown Deposit Bank
Carter County Commercial Bank
Peoples Bank
Farmers Bank
Farmers Trust Co.
Owingsville Banking Co.

Williamstown
Winchester

Peoples Bank
*Second National Bank

Waco Deposit Bank
Dixie State Bank
Commercial Bank
Bank of Whitesburg
Bank of McCreary County
Bank of Williamsburg
Farmers Bank & Trust Co.
*First National Bank
Bank of Williamstown
Grant County Deposit Bank
*Clark County National Bank
Commercial Deposit Bank
Peoples State Bank & Trust Co.
Winchester Bank

We are advised that the following Kentucky State banks have been permitted to reopen on a restricted basis under the
Proclamation of the Governor of Kentucky which permits banks to pay five per cent.

Augusta

State Bank of Augusta




Barbourville

4

First State Bank

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

.p iQ Q
. SI

OHIO
( C ) refers to C incinnati Branch

According to advices received to March 29 from the Secretary of the Treasury, concerning member banks of
the Federal Reserve System, and from the Ohio Banking Department concerning State non-member banks, the
following banks were licensed to resume all banking functions on March 13, or succeeding dates, subject to the
Rules and Regulations issued by the Secretary of the Treasury pursuant to the President’s Executive Order of
March 10.
No non-member State banks operating on a restricted basis have been licensed to open by the State.
Ada
Adelphi (C)
Akron
Albany (C)
Alexandria
Alger
Alliance

t Amanda'"
•^Amelia (C)
Amesville (C)
Amsterdam
Andover
Ansonia (C)
Antwerp
Apple Creek
Archbold
Arlington
Ashland

Ashley
Ashtabula
\\shville
Athens (C)

Attica

*First National Bank
Liberty Bank
Adelphi Banking Co.
*Firestone Park Trust & Savings Bank
Akron Morris Plan Bank
Citizens Bank of Albany
Alexandria Bank Co.
Alger Savings Bank
*Alliance First National Bank
City Savings Bank & Trust Co.
Mt. Union Bank
Clear Creek Valley Banking Co.
Amelia State Bank
*First National Bank
Amsterdam State Bank Co.
Andover Bank
Citizens Bank Co.
Antwerp Exchange Bank
*Apple Creek Banking Co.
Farmers & Merchants Bank
Peoples State Bank Co.
Farmers & Merchants Bank Co.
Ashland Bank & Savings Co.
Farmers Bank
*First National Bank
Farmers Savings Bank Co.
*Farmers National Bank & Trust Co.
*National Bank of Ashtabula
Ashville Banking Co.
Citizens Bank
*Athens National Bank
*Bank of Athens, N. B. A.
Security Savings Bank Co.
Sutton State Bank

Belle Center
Bellevue

Belle Center Bank Co.
*First National Bank
*Union Bank & Savings Co.
Bellville
Bellville Savings Bank
Farmers Bank
Bethel (C)
*First National Bank
Beverly (C)
Citizens Bank Co.
Big Prairie
Monitor Bank
Blanchester (C) *First National Bank
Bloomville
Exchange State Bank
Bluffton
*Citizens National Bank
Botkins
Shelby County Bank
Bowling Green Bank of Wood County Co.
Bremen
First Bremen Bank
Brewster
Brewster Banking Co.
Brilliant
Brilliant Bank & Savings Co.
Bucyrus
Bucyrus City Bank
Farmers & Citizens Bank & Savings
Co.
*First National Bank
*Second National Bank
*First National Bank
Burton
Cadiz
Caldwell
Caledonia
Cambridge

*Union National Bank
Farmers & Merchants Bank
Caledonia Banking Co.
Cambridge Bank
Citizens Savings Bank Co.
*National Bank of Cambridge
*First National Bank
Camden (C)
Exchange Bank
Canal Fulton
Canal Winchester Bank
Canal Win­
chester
Peoples Bank Co.
*Farmers National Bank
Canfield
Canton Morris Plan Bank
Canton
Dime Savings Bank
*First National Bank
George D. Harter Bank
Peoples Commercial & Savings Bank
Cardington
Citizens Bank
Carey
Peoples Bank Co.
Carroll
Farmers & Merchants Bank Co.
Castalia
Castalia Banking Co.
Cedarville (C) Farmers & Traders Bank

Bainbridge (C) Rockhold, Brown & Co.
Baltic State Bank
Baltic
*First National Bank
Baltimore
*First National Bank
Bamesville
Bartlett Farmers Bank
Bartlett (C)
Bank of Basil Co.
Basil
Beach City Banking Co.
Beach City
*Cleveland Trust Co.
Bedford
Union Savings Bank
Bellaire




5

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority f c . t ) .

10501

O H IO — Continued
Celina

Citizens Banking Co.
Commercial Bank Co.
*First National Bank
Chardon
*Central National Bank
Chardon Savings Bank Co.
Chester Hill
*First National Bank
Chillicothe (C) *Central National Bank
*Citizens National Bank
*First National Bank
Savings Bank Co.
Christiansburg Farmers & Merchants Bank
Cincinnati (C) *Atlas National Bank
*Central Trust Co.
Cincinnati Bank & Trust Co.
Cincinnati Morris Plan Bank
Columbia Bank & Savings Co.
*Fifth Third Union Trust Co.
*First National Bank
*Lincoln National Bank
North Side Bank & Trust Co.
Norwood Hyde Park Bank&Trust Co.
*Provident Savings Bank & Trust Co.
*Second National Bank
Southern Ohio Savings Bank &
Trust Co.
*Westem Bank & Trust Co.
Westwood Bank & Savings Co.
Circleville
Circleville Savings & Banking Co.
*First National Bank
*Second National Bank
*Third National Bank
Clarington
*First National Bank
Cleveland
American Savings Bank Co.
Capital Bank
*Central United National Bank
*Cleveland Trust Company
Continental Industrial Bank
Morris Plan Bank
*National City Bank
Society for Savings
Coldwater
Peoples Bank Co.
Citizens Savings Bank
Columbiana
*Union Banking Co.
Brunson Bank & Trust Co.
Columbus
*City National Bank & Trust Co.
Columbus Morris Plan Bank
Columbus Savings Bank
Fifth Avenue Savings Bank
*Huntington National Bank
Market Exchange Bank
Northern Savings Bank
*Ohio National Bank




Columbus Grove Union Bank Co.
Conneaut
*Conneaut Mutual Loan & Trust Co.
Continental
Continental Bank
Convoy
*First National Bank
Cortland
Cortland Savings & Banking Co.
Coshocton
*Commercial National Bank
*Coshocton National Bank
Peoples Bank & Trust Co.
Covington (C) *Citizens National Bank
Crestline
Farmers & Citizens State Bank
*First National Bank in Crestline .
Creston
Stebbins Banking Co.
Cridersville
Home Bank
Crooksville
Crooksville Bank Co.
Croton
Croton Bank Co.
Cumberland
Cumberland Savings Bank
Custar
Custar State Bank
Cygnet
Cygnet Savings Bank Co.
Danville
Dayton (C)

Defiance
Delaware
DeGraff
Delphos
Delta
Deshler
Dover

Dresden
East Liverpool

Eaton (C)

*Commercial & Savings Bank Co.
Danville Bank
Dayton Morris Plan Bank
*Merchants National Bank &
Trust Co.
*Third National Bank & Trust Co.
*Winters National Bank & Trust Co.
State Bank of Defiance Co.
*Delaware County National Bank
*First National Bank
Citizens Bank of DeGraff
*Commercial Bank
*Peoples Bank of Delphos
Farmers State Savings Bank
*Peoples Savings Bank Co.
Corn City State Bank
*Exchange National Bank
*First National Bank
Reeves Banking & Trust Co.
State Savings Bank Co.
First Trust & Savings Bank
Community Bank
*First National Bank
*Potters Bank & Trust Co.
*Eaton National Bank
*Preble County National Bank
Edgerton State Bank Co.
Edon State Bank
Farmers Bank of Elida

Edgerton
Edon
Elida
Elmwood
*First National Bank
Place (C)
Englewood (C) Farmers State Bank
6

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

pd. 10501

O H IO — Continued
Farmersville (C) Citizens Bank
Farmers State Bank Co.
Fayette
Fayette State Savings Bank Co.
Felicity (C)
Citizens Bank
*First National Bank & Trust Co.
Findlay
Ohio Bank & Savings Co.
*Community National Bank
Flushing
Fort Jennings State Bank
Fort Jennings
Fort Recovery Fort Recovery Banking Co.
Peoples Bank Co.
Fostoria
*First National Bank
Frankfort (C)
Merchants & Farmers Bank
*Franklin National Bank
Franklin (C)
Frazeysburg
Ohio State Bank
Fredericksburg Citizens Bank
Fredericktown Dan Struble & Son Bank
Colonial Savings Bank
Fremont
Croghan Bank & Savings Co.
Fremont Savings Bank Co.

Harrisburg Savings & Banking Co.
Harrisburg
Harrison (C)
*First National Bank
*Hicksville National Bank
Hicksville
Higginsport (C) Citizens Bank of Higginsport
Hilliards
Merchants & Farmers Bank Co.
*Farmers & Traders National Bank
Hillsboro (C)
*Hillsboro Bank & Savings Co.
*Merchants National Bank
*First National Bank
Hopedale
*Hubbard Banking Co.
Hubbard
Ironton (C)

*Citizens National Bank
*First National Bank

Jackson (C)

' *First National Bank
Iron Bank
Jamestown (C) Farmers & Traders Bank
Jewett
*First National Bank
Johnstown
Johnstown Bank
Junction City
Junction City Banking Co.

Commercial Savings Bank Co.
*First National Bank
Gallipolis (C)
Commercial & Savings Bank
*First National Bank
Ohio Valley Bank Co.
Gambier
Peoples Bank
*First National Bank
Garrettsville
*Geneva Savings & Trust Co.
Geneva
Genoa Banking Co.
Genoa
Georgetown (C)*First National Bank
*Peoples National Bank
GermanFarmers & Citizens Savings Bank
town (C)
*First National Bank
Gettysburg (C) *Citizens National Bank
Gibsonburg
*Home Banking Co.
*First National Bank
Girard
jGnadenhutten Gnadenhutten Bank
Peoples State Bank
Granville
Greenfield (C) *Peoples National Bank
Greenville (C) Citizens State Bank
*Farmers National Bank
Peoples Savings Bank
*Second National Bank
Greenwich
*First National Bank
*First National Bank
Grove City
Grove City Savings Bank
^alion

Kalida
Kent
Kenton

Killbuck
Kingston (C)
Kirkersville
Lancaster

La Rue
Laurelville
Lebanon (C)
Leesburg(C)
Leetonia
Leipsic
Lexington
Lima
Lisbon
Lockland (C)
Lodi
Logan
London

Hamersville (C) Citizens Bank Co.
Hamilton (C)
Citizens Savings Bank & Trust Co.
*First National Bank & Trust Co.
Hamilton Dime Savings Bank Co.
*Second National Bank
Harpster
Harpster Bank (Uninc.)




Lorain
7

Union Bank Co.
*Kent National Bank
*First Commercial National Bank
*Kenton National Bank
Kenton Savings Bank
Killbuck Savings Bank Co.
*First National Bank
Kirkersville Savings Bank Co.
*Fairfield National Bank
Farmers & Citizens Bank
*Hocking Valley National Bank
*Lancaster National Bank
*Campbell National Bank
Salt Creek Valley Bank
*Lebanon Citizens National Bank &
Trust Co.
Citizens Bank & Savings Co.
Farmers & Merchants Banking Co.
Bank of Leipsic Co.
Lexington State Bank
Metropolitan Bank
Firestone Bank
Peoples State Bank Co.
*First National Bank
Lodi State Bank
Farmers & Merchants Bank
*Central National Bank
London Exchange Bank Co.
*Madison National Bank
*Cleveland Trust Co.
Lorain Banking Co.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

_____________________ _

DECLASSIFIED
Authority ^ «!)♦ ( 0 5 0 1

O H IO — Continued
Loudonville
Louisville
Loveland (C)
Lowellville
Lower Salem
Lucas
Luckey
Lynchburg (C)
Lyons

Fanners & Savings Bank
Geo. D. Harter Bank
♦Loveland National Bank
Lowellville Savings & Banking Co.
Lower Salem Commercial Bank Co.
Lucas State Bank
Exchange Bank
Farmers Exchange Bank
*Farmers State Bank

Milford (C)
♦Milford National Bank
Milford Center Farmers & Merchants Bank Co.
Milledgeville(C) Milledgeville Bank
Millersburg
The Adams Bank
Commercial & Savings Bank
Millersport
Millersport Bank Co.
Mineral City ♦First National Bank
Minerva
Minerva Savings & Bank Co.
Minster
♦Minster State Bank
Mogadore
Mogadore Savings Bank
Monroe (C)
♦Monroe National Bank
Monroeville
Farmers & Citizens Banking Co.
Montpelier
Farmers & Merchants State & Savings
Bank
Morrow (C)
♦First National Bank
♦Morrow National Bank
Moscow (C)
State Bank of Moscow
Mt. Blanchard Citizens Bank
Mt. Eaton
Bank of Mt. Eaton
Mt. Gilead
Peoples Savings Bank Co.
Mt. Healthy (C) Mt. Healthy Savings & Commercial
Bank
Mt. Orab (C) ♦Brown County National Bank
Mt. Pleasant ♦Peoples National Bank
Mt. Sterling
Sterling State Bank
Mt. Vernon
♦First National Bank
Knox County Savings Bank
*Knox National Bank
Mt. Victory
Mt. Victory State Bank
Mowrystown(C) White Oak Valley Bank

McArthur (C) ♦Vinton County National Bank
McClure
Farmers State Bank
McComb
Peoples Banking Co.
McConnelsville ♦Citizens National Bank
Citizens Savings Bank
'"First National Bank
Madeira (C)
Camargo Bank
Magnolia
Bank of Magnolia Co.
Malta ^
"‘Malta National Bank
Manchester (C) Bank of Manchester
♦Farmers National Bank
Mansfield
"‘Citizens National Bank & Trust Co.
Farmers Savings & Trust Co.
Mansfield Savings Bank & Trust Co.
Richland Trust Co.
Mantua
♦First National Bank
Marengo
Marengo Banking Co.
Marietta (C) ♦Citizens National Bank
Dime Savings Society
Peoples Banking & Trust Co.
Marion
Fahey Banking Co.
Marion County Bank Co.
♦National City Bank & Trust Co.
Martins Ferry Citizens Savings Bank
Peoples Savings Bank
Marysville
Bank of Marysville
Commercial Savings Bank
Mason (C)
First-Mason Bank
Massillon
Ohio Merchants Trust Co.
Maumee
State Savings Bank Co.
Mechanicsburg Central Bank
Farmers Bank
Medina
*01d Phoenix National Bank
Savings Deposit Bank Co.
Miamisburg (C) Farmers & Merchants Bank
♦First National Bank
Miamitown (C) Farmers State Bank
Middle Point
Middle Point Banking Co.
Middleport (C) *Citizens National Bank
Middletown(C) ♦American Trust & Savings Bank
♦First & Merchants National Bank
Oglesby-Bamitz Bank & Trust Co.




Navarre
Newark

Navarre Deposit Bank Co.
♦First National Bank
Licking County Bank
♦Newark Trust Co.
♦Park National Bank
New Bremen
First City Bank
♦First National Bank
New Carlisle(C)#New Carlisle National Bank
Newcomerstown
♦First National Bank
New Concord ♦First National Bank
New Holland ♦First National Bank
New Knoxville Peoples Savings Bank
New Lebanon(C)Farmers Bank
New Lexington ♦Peoples National Bank
Perry County Bank
New London
Savings & Loan Banking Co.
New Madison(C)Farmers State Bank
New Mata­
moras (C)
Peoples Savings Bank

8

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

O H IO

Continued

New Paris (C) ♦First National Bank
New
♦Citizens National Bank
Philadelphia *Ohio Savings & Trust Co.
Peoples Bank & Savings Co.
New Rich­
mond (C)
*New Richmond National Bank
New Riegel
New Riegel State Bank
New Straitsville Perry County Bank
New Vienna (C) New Vienna Bank
New Waterford New Waterford Savings & Banking
Co.
Ney
Ney State Bank
.North Balti­
♦First National Bank
more
North Canton Geo. E Harter Bank
X
North Fairfield North Fairfield Savings Bank Co.
North
Lewisburg
Bank of North Lewisburg
Norwalk
♦Citizens National Bank
Huron County Banking Co.
Norwood (C) ♦First National Bank
Norwood Hyde ParkBank&TrustCo.
Norwood Savings Bank
Oak Harbor
Oak Hill (C)
Oberlin
Okeana (C)
Old Fort
Orrville
Osborn (C)
Ostrander
Ottawa
Ottoville
Owensville (C)
Oxford (C)

Port Clinton
American Bank
Portsmouth(C) Portsmouth Banking Co.
♦Security Central National Bank
Port
William (C) Port William Banking Co.
Prospect
Prospect Citizens Bank
Quaker City
Quincy

Plain City
Pleasantville
Plymouth
Polk
Pomeroy (C)




♦First National Bank
Racine Home Bank
First Savings Bank & Trust Co.
♦Second National Bank
Reading Bank
Richwood Banking Co.
♦Citizens National Bank
♦Ripley National Bank
♦Rittman Savings Bank
♦Rockford National Bank
♦First National Bank
First Trust & Savings Bank
Rossford Savings Bank
Citizens Bank Co.
Rushville Banking Co.

Ravenna
Reading (C)
Richwood
Ripley (C)
Rittman
Rockford
Rocky River
Roseville
Rossford
Rushsylvania
Rushville
Russell­
ville (C)
Rutland (C)

♦Cleveland Trust Co.
Pataskala Banking Co.
Peoples Bank Co.
Farmers Bank & Savings Co.
Citizens Savings Bank Co.
Pickerington Bank
♦Citizens National Bank & Trust Co.
♦Piqua National Bank & Trust Co.
♦Farmers National Bank
Pleasantville Bank
♦Peoples National Bank
Polk State Bank
♦Farmers Bank & Savings Co.
First City Bank
♦Pomeroy National Bank

Peebles (C)
Pemberville
Pickerington
Piqua (C)

♦Quaker City National Bank
Miami Valley Bank

Racine (C)

Oak Harbor State Bank Co.
Oak Hill Savings Bank Co.
Peoples Banking Co.
♦First National Bank
Old Fort Banking Co.
♦Orrville Savings Bank
♦First National Bank
Ostrander Banking Co.
♦First National Bank
Ottoville Bank Co.
Merchants & Farmers Bank
Farmers State & Savings Bank Co.
♦Oxford National Bank

Painesville
Pataskala

Jr.P . 10501

Bank of Russellville
Rathbum’s Bank

♦First National Bank
Sabina Bank
St. Bernard (C) Citizens Bank
St. Clairsville ♦Second National Bank
St. Henry
St. Henry Bank
St. Marys
♦Home Banking Co.
St. Paris
♦Central National Bank
♦First National Bank
Salem
♦Farmers National Bank
♦First National Bank
Sandusky
Citizens Banking Co.
♦Third National Exchange Bank
Sardinia (C) ♦First National Bank
Scio
Scio Bank Co.
Seaman (C)
Farmers Bank
Seven Mile (C) ♦Farmers National Bank
Seville
Seville State Bank
Shelby
♦Citizens Bank
♦First National Bank
Shiloh
♦Shiloh Savings Bank Co.
Shreve
Farmers Bank
Sidney
♦Citizens National Bank
♦First National Exchange Bank
Sabina (C)

9

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

(05Q |

O H IO — Continued
Fanners & Merchants Bank
Smithville
Somerset
New Somerset Bank
Somerville (C) *Somerville National Bank
South Euclid South Euclid Bank
South
Vienna (C)
Farmers Deposit Bank
Spencer
Lodi State Bank
Spencerville
Citizens Bank (uninc.)
Fanners Bank
Springfield (C) First Morris Plan Industrial Bank
♦First National Bank & Trust Co.
♦Lagonda-Citizens National Bank
Springfield Savings Society
Spring
Valley (C) ♦Spring Valley National Bank
Farmers Banking Co.
Sterling
Steubenville
Antonucci State Bank
Miners & Mechanics Sav. & Trust Co.
*National Exchange Bank & Trust Co.
♦Peoples National Bank
Union Savings Bank & Trust Co.
Stone Creek
Exchange State Bank
Stony Ridge
Farmers Savings Bank Co.
Farmers and Citizens Bank
Stoutsville
Strasburg
Citizens State Bank
Stryker
Farmers State Bank
Sullivan State Bank
Sullivan
Sunbury
Fanners Bank
Swanton
Fanners & Merchants Deposit Co.
Sycamore
♦First National Bank
Farmers & Merchants Bank Co.
Sylvania
Thomville
Tiffin

Tiltonsville
Tippecanoe
City (C)

Union City (C) Farmers State Bank
Upper
Citizens Savings Bank Co.
Sandusky
Commercial Savings Bank
♦First National Bank
♦Champaign National Bank
Urbana
♦Citizens National Bank
Utica
♦First National Bank
Utica Savings Bank
Vandalia (C)
Van Wert
Versailles (C)
Vinton (C)
Wadsworth
Wakeman
Wapakoneta
Warren

Peoples Bank
♦City National Bank
♦Commercial National Bank
♦Tiffin National Bank
Tiffin Savings Bank
Peoples Bank

Union Bank




♦First National Bank
♦Wakeman Bank Co.
♦First National Bank
♦Peoples National Bank
♦Second National Bank
Union Savings & Trust Co.

Washington
C. H. (C)
♦First National Bank
Waterford (C) Waterford Commercial & Savings
Bank
Wauseon
Peoples State Bank
Waverly (C) ♦First National Bank
Waverly State Bank
Waynesburg
Waynesburg Bank
Waynesville (C)
♦Waynesville National Bank
Wellington
♦First Wellington Bank
Wellston (C) ♦First National Bank
Milton Banking Co.
West Carroll­
ton (C)
West Carrollton Bank
Citizens Bank
Westerville
West Liberty
Farmers Banking Co.
Farmers State Bank
West Salem
West Union(C) ♦National Bank of Adams Count;
West Unity
West Unity Banking Co.
Whitehouse
Whitehouse State Savings Bank
Williams­
burg (C)
Farmers & Merchants Bank
Williamsport ♦Farmers National Bank
Willoughby
♦Cleveland Trust Co.
Wilmington(C) ♦Clinton County National Bank &
Trust Co.
♦First National Bank
Wilmot
Fanners State Bank
Winchester (C) Winchester Bank Co.

♦Citizens National Bank
♦Tipp National Bank
Citizens Trust Co.
Toledo
♦Commerce Guardian Bank
Morris Plan Bank
♦Toledo Trust Co.
♦West Toledo National Bank
Union Savings Bank
Toronto
Trotwood (C) Fanners & Citizens Bank
♦First Troy National Bank & Trust Co.
Troy (C)
Twinsburg
Twinsburg Banking Co.
Uhrichsville

Vandalia State Bank Co.
♦First National Bank
Peoples Savings Bank
♦First National Bank
Peoples Bank Co.
Vinton Banking Co.

10

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

10501

O H IO — Continued
Woodville
Wooster

Xenia (C)
Yellow
Springs (C)

State Savings Bank
Woodville Savings Bank Co.
♦Citizens National Bank
♦Commercial Banking & Trust Co.
♦Wayne County National Bank

Youngstown

Zanesville

♦Citizens National Bank
♦Xenia National Bank
Miami Deposit Bank




11

City Trust & Savings Bank
Dollar Savings & Trust Co.
♦Mahoning National Bank
Mahoning Savings & Trust Co.
Morris Plan Bank of Youngstown
♦Union National Bank
♦Citizens National Bank
♦First National Bank
First Trust & Savings Bank

Reproduced from the Unclassified I Declassified Holdings of the National Archives

_____________________ _

DECLASSIFIED
Authority

(0501

P E N N S Y L V A N IA
All b n s inD ic 4 a ch dto P u h b n .
a lc
istr t tta e
ittsb rg ra ch

According to advices received to March 29, 1933, from the Secretary of the Treasury, concerning member
banks of the Federal Reserve System, and from the Pennsylvania Banking Department concerning State non­
member banks located in the Fourth District, the following banks were licensed since March 15,1933, to resume all
banking functions, subject to the Rules and Regulations issued by the Secretary of the Treasury pursuant to the
President’s Executive Order of March 10.
Albion
Aliquippa
Ambridge
Apollo
Arnold
Aspinwall
Avalon
Avonmore

Albion State Bank
♦First National Bank
*Woodlawn Trust Co.
♦Ambridge National Bank
♦Economy National Bank
Apollo Trust Co.
♦First National Bank
♦National Deposit Bank
Bank of Aspinwall
Avalon Bank
♦First National Bank

Cherry Tree

Clarendon
Clarion
Claysville
Clintonville
Cochranton
Commodore
Confluence
Connellsville

Beaver

♦Beaver Trust Co.
♦Fort McIntosh National Bank
Beaver Falls ♦Farmers National Bank
John T. Reeves & Co. (private bank)
Belle Vernon ♦First National Bank
Bellevue
Bellevue Savings & Trust Co.
Bentleyville
♦Citizens National Bank
Big Run
♦Citizens National Bank
Blairsville
Blairsville Savings & Trust Co.
Braddock
Bessemer Trust Co.
♦Braddock National Bank
Bridgeville
Bridgeville Trust Co.
Brockway
Citizens Banking & Trust Co.
Brookville
♦National Bank of Brookville
Brownsville
♦National Deposit Bank
Burgettstown ♦Washington National Bank
Butler
♦Butler County National Bank & Trust
Co.
Butler Savings & Trust Co.
♦South Side National Bank
Union Trust Co.

Coraopolis
Corry

Samuel Glick (Private Bank)
Union Trust Co.
Clarendon State Bank
Citizens Trust Co.
♦Farmers National Bank
♦National Bank of Claysville
♦Peoples National Bank
♦First National Bank
Peoples Bank
♦First National Bank
♦National Bank & Trust Co.
♦Second National Bank
♦Coraopolis National Bank
Coraopolis Trust Co.
♦Citizens National Bank
♦National Bank of Corry

Dawson
Donora
Dormont
Dravosburg
Duquesne

♦First National Bank
♦Union National Bank
Dormont Savings & Trust Co.
State Bank of Dravosburg
Duquesne Trust Co.
♦First National Bank

East Brady
EastPittsburgh
Elderton
Ellsworth
Ellwood City
Emlenton

Etna (Pittsburgh)
Evans City

♦Peoples National Bank
♦East Pittsburgh Savings & Trust Co.
Elderton State Bank
♦National Bank of Ellsworth
♦Peoples National Bank
♦Farmers National Bank
♦First National Bank
♦First National Bank
♦Marine National Bank
♦Security Peoples Trust Co.
Union Trust Co.
♦First National Bank of Etna
♦Citizens National Bank

Falls Creek
Farrell
Ford City

♦First National Bank
Solomon J. Gully (Private bank)
Peoples Bank

Erie

California

♦First National Bank
Peoples Bank & Trust Co.
Canonsburg
Citizens Trust Co.
Carmichaels
♦First National Bank
Carnegie
♦Carnegie National Bank
Castle Shannon ♦First National Bank
Central City ♦Central City National Bank
Charleroi
Charleroi Sayings & Trust Co.
♦National Bank of Charleroi & Trust
Co.




Farmers & Merchants Bank

ClairtonwibcmP. o.♦First National Bank

12

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

A)* (0SO j

PENNSyLVANI A — Continued
*First National Bank
^National Bank of McKeesport
*Peoples City Bank
McKees Rocks Chartiers Trust Co.
*Manor National Bank
Manor
Peoples Bank
Marianna
*Gold Standard National Bank
Marienville
Marion Center *Marion Center National Bank
*Mars National Bank
Mars
*Crawford County Trust Co.
Meadville
*First National Bank
*Merchants National Bank & Trust
Co.
Mercer
*First National Bank
Meyersdale
*Citizens National Bank
*Second National Bank
Midland
*First National Bank
Midland Savings & Trust Co.
Millvale
Bank of Millvale
Monaca
*Citizens National Bank
*Monaca National Bank
*Peoples National Bank & Trust Co.
Monessen
Monongahela *First National Bank
Mt. Lebanon
Mt. Lebanon Bank

Foxburg
Franklin

Foxburg Bank & Trust Co.
Exchange Bank & Trust Co.
Franklin Trust Co.
*Lamberton National Bank
Fredericktown *First National Bank
Freedom
*Freedom National Bank
Friedens
*First National Bank
Fryburg
*First National Bank
Garrett
Greensburg
Greenville

Grove City

Hays '
^Herminie
Homestead
Houston
Indiana
Indian Head
Irwin

Jeannette
Jennerstown
Jerome
Kittanning
}

Knox

Latrobe
Leechburg
Ligonier
Lyndora
McDonald

McKeesport

*First National Bank
Barclay-Westmoreland Trust Co.
*First National Bank
Farmers & Merchants Tr. Co.
*Greenville National Bank
*First National Bank
*Grove City National Bank
*Hays National Bank
*First National Bank
*First National Bank
Monongahela Trust Co.
*First National Bank
Farmers Bank & Trust Co.
Savings & Trust Co. of Indiana
*First National Bank
*First National Bank
Irwin Savings & Trust Co.

Natrona
New Bethle­
hem

Oakdale
Oakmont
Oil City

*First National Bank
*First National Bank
Citizens Banking Co.
*First National Bank
Oil City Trust Co.

Parnassus

*Parnassus National Bank

*First National Bank
New Bethlehem Trust Co.
New Brighton *Beaver County Trust Co.
*01d National Bank
*Union National Bank
New Castle
*Citizens National Bank
*First National Bank of Lawrence
County
*Lawrence Savings & Trust Co.
Mahoning Trust Co.
Union Trust Co.
New Kensing- *First National Bank
ton
*Logan National Bank & Trust Co.
*Pamassus National Bank
New Salem
*First National Bank
North East
*First National Bank
*National Bank of North East

Glass City Bank
Peoples State Bank
*First National Bank
Armstrong County Trust Co.
*Farmers National Bank
*Merchants National Bank
*National Kittanning Bank
Safe Deposit & Title Guaranty Co.
*Clarion County National Bank
of Edenburg
*First National Bank
Latrobe Trust Co.
Anthony Favero (Private Bank)
*First National Bank
*First National Bank in Ligonier
*Lyndora National Bank
*First National Bank
McDonald Savings & Trust Co.




*First National Bank

13

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p d .

10501

PENNSYLVANIA — Continued
Parkers Land­
ing
*First National Bank
Perryopolis
*First National Bank
Pittsburgh
*Allegheny Trust Co.
Allegheny Valley Bank
Arsenal Bank of Pittsburgh
Bank of America Trust Co.
Brookline Savings & Trust Co.
Carrick Bank
*City Deposit Bank & Trust Co.
*Colonial Trust Co.
*Commonwealth Trust Co.
Dollar Savings Bank
*Farmers Deposit National Bank
Farmers Deposit Trust Co.
Fidelity Trust Co.
*First National Bank
*Forbes National Bank
Fourteenth Street Bank
Freehold Bank
Hilltop Savings & Trust Co.
Homewood Bank at Pittsburgh
Iron & Glass Dollar Savings Bank
Manchester Savings Bank & Trust Co.
*Mellon National Bank
*Peoples-Pittsburg Trust Co.
Polithania State Bank
*Potter Title & Trust Co.
Provident Trust Co.
Sheraden Bank
South Hills Trust Co.
*Union National Bank
Union Savings Bank
*Union Trust Co.
Washington Trust Co.
Western Savings & Deposit Bank
William Penn Trust Co.
Workingman’s Savings Bank & Trust
Co.
Pleasantville
Citizens Bank
Point Marion *First National Bank
Punxsutawney *County National Bank
Farmers & Miners Trust Co.
*Punxsutawney National Bank

Rochester

Roscoe
Rossiter
Salisbury
Saltsburg
Sandy Lake
Scalp Level
Scenery Hill
Scottdale
Sewickley

*First National Bank
*First National Bank
Mercer County State Bank
*Merchants & Miners Bank
*First National Bank
Scottdale Savings & Trust Co.
*First National Bank
Sewickley Valley Trust Co.
Sharon
*McDowell National Bank
*Merchants & Manufacturers National
Bank
Sharpsburg
Citizens Deposit & Trust Co.
Sharpsville
*First National Bank
Sheffield
*Sheffield National Bank
Shippenville
*First National Bank
Sipesville
*First National Bank
Sligo
*Sligo National Bank
Slippery Rock *First National Bank
Smithfield
Smithfield State Bank
Smithton
*First National Bank
Somerset
The County Trust Company
*First National Bank
Somerset Trust Co.
Springdale
*National Bank of Springdale
Stoneboro
*First National Bank
Sugar Grove
Sugar Grove Savings Bank
Summerville
*Union National Bank
Swissvale
*First National Bank
Tarentum
Tidioute
Tionesta

Townville

*Peoples National Bank
Tidioute State Bank
*Citizens National Bank
*Forest County National Bank
*Second National Bank
Titusville Trust Co.
Townville State Bank

Union City
Uniontown
Unity Station

*Home National Bank
*Second National Bank
Peoples Bank of Unity

Titusville

Republic

Antonio Tassone (Private Bank)
(First Foreign Exchange Bank)
Reynoldsville *First National Bank
Rices Landing *Rices Landing National Bank
Rimersburg
*First National Bank




*First National Bank
*Peoples National Bank
Rochester Trust Co.
*First National Bank
Rossiter State Bank

Vandergrift
Verona
14

Vandergrift Savings & Trust Co.
Allegheny Valley Trust Co.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p X ) » (0 5 0 1

PENNSYLVANIA — Continued
Volant

*First National Bank

WestMiddlesex
West Newton
Wilkinsburg
Wilson
Wilmerding
Windber
Youngwood

*First National Bank

Zelienople

*First National Bank
*Warren National Bank
Washington
*Citizens National Bank
*Peoples National Bank
Union Trust Co.
*Ensworth National Bank
Waterford
Waynesburg
*First National Bank & Trust Co.
Union Trust Co.
WestAlexander *Peoples National Bank
West Lebanon Peoples Bank
Warren

*First National Bank
*First National Bank
Wilkinsburg Bank
*First National Bank of Clairton
*First National Bank
*Windber Trust Co.

*First National Bank
*Peoples National Bank

Names of Pennsylvania non-member State banks located in the Fourth District which were licensed to resume operations on a
restricted basis in additioa to the limitations placed upon all banks, not available.




15

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

a) .

10501

WEST VIRGINIA
Fourth District W e s t V irg in ia banks attached to Pittsburgh Branch

According to advices received to March 29, 1933, from the Secretary of the Treasury, concerning member
banks of the Federal Reserve System, and from the West Virginia Banking Department concerning State non­
member banks located in the Fourth District, the following banks were licensed since March 15, 1933, to resume all
banking functions, subject to the Rules and Regulations issued by the Secretary of the Treasury pursuant to the
President’s Executive Order of March 10.
Cameron

Cameron State Bank
*First National Bank

Elm Grove

*First National Bank & Trust Co.

Follansbee

Sistersville

Warwood
Weirton
Wellsburg
Wheeling

Bank of Follansbee
Citizens Bank

*First Tyler Bank & Trust Co.
*Union National Bank
Bank of Warwood
Bank of Weirton
Wellsburg Banking & Trust Co.
Center Wheeling Savings Bank
Citizens Mutual Trust Co.
Dollar Savings & Trust Co.
Fulton Bank & Trust Co.
Half Dollar Trust & Savings Bank
*National Bank of West Virginia
*National Exchange Bank
♦Security Trust Co.
South Side Bank & Trust Co.
♦Wheeling Bank & Trust Co.

Hollidays Cove Peoples Bank
Littleton

Bank of Littleton

McMechen
Middlebourne

Bank of McMechen
United Bank of Middlebourne

New Martins- *First National Bank
ville
New Martinsville Bank

We are advised that the following West Virginia non-member State banks were granted permission by the State Banking
Department to operate on a restricted basis.

Hundred

Bank of Hundred




Moundsville

16

Marshall County Bank
Mercantile Bank & Trust Co.
Mound City Bank

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

Authority \Z £)♦

F

R

e d e r a l
of

C

e se r v e

B

1050)

a n k

levelan d

larch 28, 1953*

TO ALL BKSKim INSTITUTIONS
nr THE POURTH PEDERAL RISERVE DISTRICT:

Supplementing our previous circulars, we have received
from the Secretary of the Treasury the following Regulation:
Regulation SO

"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 per­
mitted to transact such limited banking functions as may
be authorised 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 trans­
actions in foreign exchange prohibited or restricted by the
Executive Order of March 10, 1933,"

Very truly yours,

Govern®!?

3 o 4 > i ( st j



Reproduced from the Unclassified I Declassified Holdings of the National Archives




DECLASSIFIED

(0501

Authority

F ed eral R eserve B ank
of

Clevelan d

March 23, 1933.

TO AIL BANKING INSTITUTIONS
IN T&B FOURTH IHDERAL R1SERVE DISTRICT:

Supplementing our previous circulars, we have
received from the Secretary of the Treasury the fol­
lowing interpretation:
INTERPRETATION NO. 13

"Regulation No. 23 is
held not to prohibit
the honoring of checks or drafts drawn on or
before March 18, 1933, 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."

The federal Reserve Board advises;
"In response to inquiry of federal Reserve
Bank of San Prancisco, Treasury officials advise
that limitations on withdrawls of silver for
hoarding not intended to apply to uncoined silver,"
% r y truly yours,

Governor

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

Authority

F e d e r a l. R e s e r v e
of

a) .

B ank

(0501

i rec ’D IN FILES section

APR 1 1 W

Clevelan d

<n. - c (
fo

ISarch 21, 1933

TO AltL BANKING INSTITUTIONS
IN THE FOURTH PBBERAL RESERVE DISTRICT:
Supplementing our previous circulars, we have
received from the Secretary of the Treasury the
following Regulations, rulings and interpretations:
INTERPRETATION 12

"Regulation No. 27 is
interpreted to permit
any banking institution acting thereunder
to carry on such usual banking functions
as may be essential 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,”

Very truly yours

Governor*

3



Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

F

e d e r a l
of

R
Cl

e se r v e

B

RBC’D m FILES SECTION
a n k

evelan d

March 20, 1933.

TO ALL BANKING INSTITUTIONS
IN TEE POURTH PEDERAL RESERVE DISTRICT:
Supplementing our previous circulars, we have received from
the Secretary of the Treasury the following Regulations, rulings,
and interpretations:
The Federal Reserve Board advises:
wIn response to requests the Board has extended until March 27 the
final date referred to in the Board’ wire of March 12, which, therefore,
s
is amended to read as follows:
’It is requested that you prepare and forward to the Board as soon
as possible after March 27, 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 yold 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 27, 1933.,n
Executive Order of the President - March 18, 1933.
"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 applicable iaws 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 receiv­
ed a license from the Secretary of the Treasury as provided in Executive
Order of March 10, 1933."
REGULATION L. "Deposits of the kinds described in Regulations No.
7 and No. 15 are not subject to the provisions of Regulation No. 23.*




from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority p

10501
*

KEC’D IN FILES SECTION
F e d e r a l

R e s e r v e

B a n k

APR 1 1 f 9 5 0 j ^ o f

Cl e ve l a n d

March 20, 1933

TO MEMBER B A M S IS THE POURTH PEB1RAL RESERVE DISTRICT;
3T

Until further advised, all offices of this bank will
accept for colleotipjLj&sd.
.
£££&t c
jiaqks drawn upon licensed
banks appearing in our March 16, 1933, printed list and supple­
ments thereto, provided the names of such banks appear in the
regular par list of January 1, 1933, or supplements thereto*
Checks drawn upon unlicensed banks which show on
their face either the notation MSpecial Account” or ,SAH will
f
be accepted for collection and credit, provided the names of
such banks appear in the regular par list or supplements thereto.
Availability of checks can now be determined from our
Time Schedule dated September 12, 1930.
Except as otherwise provided in this letter, our Check
Collection Circular 3F. 7 and our Time Schedule Bo. 7-A remain
So
in full force.
Checks on licensed banks in other Pederal reserve
bank districts, whose names appear in the printed list of banks
operating on one hundred percent basis, and whose names also
appear in the January 1, 1933 par list and supplements thereto,
may be handled as heretofore.




G overn or

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

£>• 10 5 0 1

REC’D IN FILES SECTION
F

e d er a l
of

, R
C

e se r v e

B

a n k

APR 1 1 1 9 5 0 ^ " '

levelan d

u o r> .

- C Lf o

March 20,1933,

TO ALL BANKING- INSTITUTIONS IN TEE
P0URTH m m M L RESERVE DISTRICT:

Reference is made to our circular of March 19th con­
taining Regulations 27 and 28 issued by the Secretary of
the Treasury on larch 18th.
A number of questions have been asked as to whether
unlicensed banks may continue such functions as making
change, cashing Government checks and operating their trust
departments where trust departments are conducted as entirely
separate departments with segregated funds.

In order to

clarify Regulation Ho. 28, you are advised that until further
Regulations may be issued by the Secretary of the Treasury
such functions as have been specifically authorised by the
Regulations heretofore issued, excepting those enumerated in
Regulations 6 and 10, may be carried on as usual,

3

&




^ ^)

)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

Authority

F e d e r a l
o f

R e s e r v e

(Q5QI

B a n k

C l e ve l a n d

TO ALL BANKING INSTITUTIONS IN THE
FOURTH OT31RAL RESERVE DISTRICT:

We are advised officially that the Secretary of the Treasury has issued
the following Regulations, and we quote from telegrams received today:
REGULATION 27*

"tinder authority conferred upon him by the President’
s
proclamations of March 6, 1933, and of March 9, 1933,
declaring and continuing a bank holiday, and the Executive Order of March 10,
1933, the Secretary of the Treasury has issued the following Regulations:
"Any state banking 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 per cent) 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 Regu­
lation No. 7 nor limit or restrict any payment thereby authorised,
’Any right to authorize withdrawals or payments under the terms of this
’
Regulation shall terminate upon the appointment of any conservator, receiver
pr other appropriate State official taking charge of the affairs of such bank­
ing institutions.n
REGULATION 28.

MAfter the close of business on March 18, 1933, Trea­
sury Regulation No. 6 and Treasury Regulation No. 10,
as amended, shall be without force or effect to authorize any banking trans­
action therein referred to.1
*
It is our interpretation of Regulation No. 28 that the revocation of
Treasury Regulations numbers 6 and 10 results in restricting unlicensed banks
to transacting no other business than receiving new deposits in segregated
trust accounts and paying therefrom.




Very -truly yours,

G o v e rn o r.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

px). (0501

Also see letter March 17, 1933
F e d e r a l
o f

R e s e r v e

B a n k

REC’D IN FILES SECTK

APR 1 1 1 9 5 ^

C leve l a n d

■ __V 7 a . - c ~ f +

March 19, 1933

TO ALL BARKING INSTITUTIONS IN THE
FOURTH S’
EBIIUffi RESERVE DISTRICT

Effective immediately, all offices of this hank will
refuse to accept for collection and will return all checks
drawn on unlicensed banks unless such checks bear on their
face either the notation "Special Account*1 or t3A”.
r
The notation "Special Account” or "SA" should be used
where the check is drawn against a segregated account which
is payable on demand without restriction.




G overn or

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

Authority ^

(0 5 0 1

EEC’D m FILES SECTION
F ed eral R eserve B ank
of

Cleveland

March 17, 1953

TO ALL BANKING INSTITUTIONS
IN THE POURTK 1MD1RAL RESERVE DISTRICT:
Supplementing our previous circulars, we have received from
the Secretary of the Treasury the following Regulations, rulings,
and interpretations:
'
~.......
INTERPRETATION J.0

"The term ’
mortgage loan companies f» as
used in Interpretation Ho* 3, is inter­
preted to include all corporations whose principal business
consists of the investment in, sale and purchase of real
estate mortgages and mortgage certificates guaranteed bj
such corporations."
{Not released to press)
INTERPRETATION 11

"Regulation Ho, 12 is not to be construed
as permitting a banking institution, open
for normal and usual functions under license of the Secretary
of the Treasury, to require depositors to accept Clearing
House Certificates or other evidences of claims against as­
sets for all or any part of any withdrawal requested."
(Not
released to press)

^

The [Federal Reserve Board advises:
"A number of inquiries have been made at the Treasury Department
as to whether a prohibition exists upon proper commercial dealings
in silver during the banking emergency. No regulations have been is­
sued restricting export or other transactions in silver, except for
limitations affecting withdrawals by depositors for hoarding and
restrictions on banks not permitted to reopen."

"Notwithstanding appointment of conservator for national bank
under Bank 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, 1933, may be withdrawn upon demand without restrict­
ion or limitation 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."




Very truly yours

Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ £)•

10501

FORM F. R. 3 2 6

"r e c ’ d IN FILES SECTION

APR 1 1 1 9 5 0 ^ *^ ^ "'

~cJu)

M
nT u r n n v r n nv wi -pi t

Da t e .

Name

or

Subject:

REMARKS,




' <3 & +P* /C 9^

CHECKED BY
DATE

-------------- 0 7 =

____________ y

/ / /

----------------/ g

*

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

F e d e r a l
o f

R e s e r v e

10501

B a n k

REC'D IN PILES SECTION

C leve l a n d

A U G 2 41954

CM

FOURTH D IST R IC T BANKS
GRAN TED LICENSES TO RESUME 100 PER CENT OPERATIONS
According to advices received to March-lfi/from the Secretary o f the Treasury, concerning member banks
o f the Federal System, and from the “ anking departments of Kentucky, Ohio, Pennsylvania and West Virginia,
B
concerning State banks located in the Fourth District, the following banks were licensed to resume all banking
functions on March L3, 14 or 15, subject to the Rules and Regulations issued by the Secretary of the Treas­
ury pursuant to the President ’s Executive Order of March 10. This list does not take the place o f the par list
published on January 1, 1933. Information relating to non-member banks based upon latest reports obtain­
able. Supplements will be mailed you from time to time.
*

indicates member of Federal Reserve System

KENTUCKY
Fourth District Kentucky banks are attached to C incinnati Branch

Bank of Alexandria
*Second National Bank
*Third National Bank
Augusta Liberty Bank
Farmers State Bank
Bellevue Commercial & Savings Bank
Campbell County Bank
Berea Bank & Trust Co.
*Berea National Bank
Union Bank of Berry
Bank of Blaine (non-par)
Farmers State Bank
Citizens Bank
Peoples Deposit Bank
Farmers Bank

Ewing

Grant
Grayson

Dayton

Farmers & Traders Bank
Deposit Bank of Carlisle
Farmers Bank of Carlisle
*First National Bank
Kentucky Farmers Bank
♦Clay City National Bank
Citizens Bank
♦First National Bank
Central Savings Bank & Trust Co.
*Citizens National Bank
Covington Trust & Banking Co.
*First National Bank of Latonia
Peoples Liberty Bank & Trust Co.
Security Savings Bank
Bank of Crittenden
♦Farmers National Bank
Harrison Deposit Bank & Trust Co.
♦National Bank of Cynthiana
Bank of Dayton

E. Berjistadt

♦First National Bank

Alexandria
Ashland
Augusta
Bellevue
Berea
Berry

Blaine
Booneville
Brodhead
Burlington
Butler
Campton
Carlisle

Catlettsburg
Clay City
Coldsprings
Corbin
Covington

Crittenden
Cynthiana




Falmouth
Flemingsburg

Fort Thomas
Foster
Freebum
Georgetown

Harlan
Hindman
Hustonville
Hyden
Independence
Irvine
Jackson
Kirksville
Lancaster

Ewing Deposit Bank
Falmouth Deposit Bank
♦First National Bank
Deposit Bank of Pearce, Fant & Co.
Fleming County Farmers Bank
Peoples Bank of Fleming County
Fort Thomas Bank
Highland Bank
Foster Banking Co.
Merchants and Miners Bank
Farmers Bank & Trust Co.
♦First National Bank
f
♦Georgetown National Bank
Citizens Deposit Bank
Commercial Bank of Grayson
♦First National Bank
First State Bank
♦Harlan National Bank
Bank of Hindman (non-par)
♦National Bank of Hustonville
Peoples Bank of Hustonville
Hyden Citizens Bank (non-par)
Bank of Independence
Union Bank & Trust Co.
♦First National Bank
Farmers Bank
♦Citizens National Bank
Garrard Bank & Trust Co.
♦National Bank of Lancaster

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

Lexington

Louisa
Ludlow

Paint Lick
Paintsville
Paris

Bank of Commerce
Citizens Bank & Trust Co.
♦First National Bank & Trust Co.
♦Second National Bank
♦Security Trust Co.
♦First National Bank
♦Louisa National Bank
♦First National Bank

Pikeville
Pineville
Prestonburg

McKee
McKinney
Manchester

Jackson County Bank
McKinney Deposit Bank
♦First National Bank
First State Bank
Maysville
Bank of Maysville
Security Bank & Trust Co.
♦State National Bank
State Trust Co.
Middlesboro
Commercial Bank & Trust Co. (nonpar)
♦National Bank of Middlesboro
Midway
Citizens Bank of Midway
Commercial Bank
Milford
Milford Deposit Bank
Moorefield
Moorefield Deposit Bank
Morehead
Peoples Bank of Morehead
Mt. Olivet
Farmers & Traders Bank
Mt. Sterling
Exchange Bank of Kentucky
♦Montgomery National Bank
♦Mt. Sterling National Bank
♦Traders National Bank
Newport
♦American National Bank
Central Savings Bank & Trust Co.
♦Newport National Bank
West Side Savings Bank
Nicholasville
Farmers Exchange Bank
♦First National Bank
N. Middletown N. Middletown Deposit Bank
Owingsville

fc S . (0501

Richmond

Russell
Sadieville
Salyersville
Sandy Hook
Sharpsburg
Somerset
Stanford
Stanton
Stearns
Union
Verona
Versailles
Waco
Walton
Whitesburg
Whitley City
Williamsburg

Winchester

Farmers Bank
Owingsville Banking Co.

Peoples Bank
♦Second National Bank
Bourbon Agricultural Bank & Trust
Co.
Peoples Deposit Bank & Trust Co.
♦First National Bank
♦Pikeville National Bank
First State Bank.
The Bank Josephine
♦First National Bank
♦Madison-Southern National Bank &
Trust Co.
♦State Bank & Trust Co.
First & Peoples Bank
Farmers Deposit Bank of Sadieville
♦Salyersville National Bank
Peoples Bank
Citizens Bank
♦Citizens National Bank
♦First National Bank
Lincoln Trust Co.
Powell County Bank
State Bank of Stearns
Union Deposit Bank
Verona Bank of Verona
Harris-Seller Banking Co.
Woodford Bank & Trust Co.
Waco Deposit Bank
Dixie State Bank
Bank of Whitesburg
Bank of McCreary County
Bank of Williamsburg
Farmers Bank & Trust Co.
♦First National Bank
♦Clark County National Bank
Commercial Deposit Bank
Peoples State Bank & Trust Co.
Winchester Bank

We are advised that the following Kentucky banks have been permitted to reopen on a restricted basis under the Proclama­
tion of the Governor of Kentucky which permits banks to pay five per cent.
Augusta
Barbourville
Eubank
Florence
Hazard
Hebron
Lexington

State Bank of Augusta
First State Bank
First State Bank
Florence Deposit Bank
Peoples Bank
Hebron Deposit Bank
Union Bank & Trust Co.

M t. Zion
Olive Hill
Salt Lick
Science Hill
Williamstown

M t. Zion Deposit Bank
Peoples Bank
Salt Lick Deposit Bank
Peoples Bank
Bank of Williams town
Grant County Deposit Bank

OHIO
( C ) refers to C incinnati Branch

Ada
Adelphi (C)
Akron
Albany (C)

♦First National Bank
Adelphi Banking Co.
♦Firestone Park Trust & Savings Bank
Morris Plan Bank
Citizens Bank of Albany




Alexandria
Alger
Alliance

2

Alexandria Bank Co.
Alger Savings Bank
♦Alliance First National Bank
City Savings Bank & Trust Co.
Mt. Union Bank

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

Amelia (C)
Amesville (C)
Andover
Antwerp
Apple Creek
Arlington
Ashland

Amelia State Bank
*First National Bank
Andover Bank
Antwerp Exchange Bank
*Apple Creek Banking Co.
Farmers & Merchants Bank Co.
Ashland Bank & Savings Co.
Farmers Bank
*First National Bank
Farmers Savings Bank Co.
Ashley
Ashtabula
*Farmers National Bank & Trust Co.
Ashville Banking Co.
Ashville
Citizens Bank
*Athens National Bank
Athens (C)
*Bank of Athens N. A.
Security Savings Bank Co.
Bainbridge (C) Rockhold, Brown & Co.
Baltic
Baltic State Bank
*First National Bank
Baltimore
*First National Bank
Bamesville
BartletMG)
Bartlett Farmers Bank
Bank of Basil Co.
Basil
Beach City Banking Co.
Beach City
Union Savings Bank
Bellaire
Belle Center Bank Co.
Belle Center
Bellevue
*Union Bank & Savings Co.
Bellville Savings Bank
Bellville
Farmers Bank of Bellville
*First National Bank
Bethel (C)
Citizens Bank Co.
Beverly (C)
Monitor Bank
Big Prairie
Blanchester (C) *First National Bank
*Citizens National Bank
Bluffton
First Bremen Bank
Bremen
Brewster
Brewster Banking Co.
Brilliant Bank & Savings Co.
Brilliant
Bucyrus City Bank
Bucyrus
Farmers & Citizens Bank & Savings
Co.
*First National Bank
*Second National Bank
*First National Bank
Burton
Cadiz
Caldwell
Caledonia
Cambridge
Camden (C)
Canal Fulton
Canal Win­
chester
Canton

Cardington
Carey
Carroll
Castalia
Celina

Citizens Bank
Peoples Bank Co.
Farmers & Merchants Bank Co.
Castalia Banking Co.
Commercial Bank Co.
*First National Bank
Chardon
*Central National Bank
Chardon Savings Bank Co.
Chester Hill
*First National Bank
Chillicothe (C) *Central National Bank
*Citizens National Bank
*First National Bank
Savings Bank Co.
Christiansburg Farmers & Merchants Bank Co.
Cincinnati (C) *Atlas National Bank
*Central Trust Co.
Cincinnati Bank & Trust Co.
Cincinnati Morris Plan Bank
Columbia Bank & Savings Co.
*Fifth Third Union Trust Co.
*First National Bank
*Lincoln National Bank
North Side Bank & Trust Co.
*Provident Savings & Trust Co.
*Second National Bank
Southern Ohio Savings Bank &
Trust Co.
*Westem Bank & Trust Co.
Westwood Bank & Savings Co.
Circleville
Circleville Savings & Banking Co.
*First National Bank
*Second National Bank
*Third National Bank
Clarington
*First National Bank
Cleveland
American Savings Bank of Cleveland
Capital Bank
*Central United National Bank
*Cleveland Trust Company
Continental Industrial Bank
Morris Plan Bank of Cleveland
*National City Bank
Society for Savings
Citizens Savings Bank
Columbiana
*Union Banking Co.
Columbus
Brunson Bank & Trust Co.
*City National Bank & Trust Co.
Columbus Morris Plan Bank
Columbus Savings Bank
Fifth Avenue Savings Bank
*Huntington National Bank
Market Exchange Bank Co.
Northern Savings Bank
*Ohio National Bank
*Conneaut Mutual Loan & Trust Co.
Conneaut
Continental
Continental Bank
Convoy
*First National Bank

*Union National Bank
Farmers & Merchants Bank
Caledonia Banking Co.
Cambridge Bank
*National Bank of Cambridge
*First National Bank
Exchange Bank Co.
Canal Winchester Bank
Peoples Bank Co.
Dime Savings Bank
*First National Bank
George D. Harter Bank
Peoples Commercial & Savings Bank




a . I05QI

3

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

Cortland Savings & Banking Co.
*First National Bank
*Commercial National Bank
Coshocton
*Coshocton National Bank
Peoples Bank & Trust Co.
Covington (C) *Citizens National Bank
*First National Bank
Crestline
Stebbins Banking Co.
Creston
Home Bank
Cridersville
Crooksville Bank Co.
Crooksville
Croton Bank Co.
Croton
Cumberland Savings Bank Co.
Cumberland
Custar State Bank
Custar
Cygnet Savings Bank
Cygnet
Cortland

Galion

Commercial Bank
*First National Bank
Commercial & Savings Bank
Gallipolis (C)
*First National Bank
Ohio Valley Bank Co.
Gambier
Peoples Bank
*Geneva Savings & Trust Co.
Geneva
Genoa Banking Co.
Genoa
Georgetown (C)*First National Bank
*Peoples National Bank
GermanFarmers & Citizens Savings Bank Co.
town (C)
*First National Bank
Gettysburg (C) *Citizens National Bank
Girard
*First National Bank
Granville
Peoples State Bank
Greenfield (C) *Peoples National Bank
Greenville (C) Citizens State Bank
*Farmers National Bank
Peoples Savings Bank
*Second National Bank
Greenwich
*First National Bank
Grove City
*First National Bank
Grove City Savings Bank
Hamilton (C)
Citizens Savings Bank & Trust Co.
*First National Bank
Hamilton Dime Savings Bank
*Second National Bank
Harpster
Harpster Bank (Uninc.)
Harrisburg
Harrisburg Savings & Banking Co.
Harrison (C)
*First National Bank
*Hicksville National Bank
Hicksville
Higginsport (C) Citizens Bank of Higginsport
Hilliards
Merchants & Farmers Bank
Hillsboro (C) *Farmers & Traders National Bank
*Hillsboro Bank & Savings Co.
*Merchants National Bank
Homersville
Citizens Bank Co.
Hopedale
*First National Bank
Hubbard
*Hubbard Banking Co.

*Commercial & Savings Bank Co.
Danville Bank
Dayton Morris Plan Bank
Dayton (C)
*Merchants National Bank &
Trust Co.
*Winters National Bank
*Delaware County National Bank
Delaware
*First National Bank
Citizens Bank of DeGraff
DeGraff
*Commercial Bank
Delphos
*Peoples Bank of Delphos
*Peoples Savings Bank
Delta
Com City State Bank
Deshler
*Exchange National Bank
Dover
*First National Bank
Reeves Banking & Trust Co.
State Savings Bank Co.
East Liverpool Community Bank
*First National Bank
*Potters Bank & Trust Co.
*Eaton National Bank
Eaton (C)
*Preble County National Bank
Edgerton State Bank Co.
Edgerton
Farmers Bank of Elida
Elida
Elmwood
*First National Bank
Place (C)
Englewood (C) Farmers State Bank

Danville

Ironton (C)

*Citizens National Bank
*First National Bank
Jackson
*First National Bank
Iron Bank
Jamestown (C) Farmers & Traders Bank
JeWeitt
*First National Bank
Johnstown
Johnstown Bank
Junction City
Junction City Banking Co.

Fayette State Savings Bank Co.
Citizens Bank Co.
*First National Bank & Trust Co.
Ohio Bank & Savings Co.
*Community National Bank
Flushing
Fort Recovery Fort Recovery Banking Co.
Peoples Bank Co.
Merchants & Farmers Bank
Frankfort (C)
*Franklin National Bank
Franklin (C)
Ohio State Bank
Frazeysburg
Fredericksburg Citizens Bank
Fredericktown Dan Struble & Son Bank
Colonial Savings Bank
Fremont

Fayette
Felicity (C)
Findlay




px). 10SOI

Kent
Kenton

Killbuck
Kingston (C)
Kikersville
4

*Kent National Bank
*First Commercial National Bank
*Kenton National Bank
Kenton Savings Bank Co.
Killbuck Savings Bank Co.
*First National Bank
Kikersville Savings Bank Co.

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

Lancaster

*Fairfield National Bank
Farmers & Citizens Bank
*Hocking Valley National Bank
*Lancaster National Bank
Laurelville
Salt Creek Valley Bank
Lebanon (C)
^Lebanon Citizens Bank & Trust Co.
Leesburg(C)
Citizens Bank & Savings Co.
Leetonia
Farmers & Merchants Banking Co.
Leipsic
Bank of Leipsic Co.
Lexington
Lexington State Bank
Lima
Lima Metropolitan Bank
Lisbon
Firestone Bank
Peoples State Bank Co.
Lockland
*First National Bank of Lockland
Lodi
Lodi State Bank
Logan
Farmers & Merchants Bank
London
*Central National Bank
London Exchange Bank Co.
*Madison National Bank
Lorain
Lorain Banking Co.
Loudenville
Farmers Savings Bank of Loudenville
Lovelaad (C) *Loveland National Bank
Lowellville
Lowellville Savings & Banking Co.
Lucas
Lucas State Bank
Lynchburg (C) Farmers Exchange Bank
Lyons
*Farmers State Bank

Medina

*01d Phoenix National Bank
Savings Deposit Bank Co.
Miamisburg (C)*First National Bank
Miamitown (C) Farmers State Bank
Middleport (C) *Citizens National Bank
Middletown(C) *American Trust & Savings Bank
♦First & Merchants National Bank
Oglesby Barnit Bank & Trust Co.
Milford Center Farmers & Merchants Bank Co.
Milledgeville(C) Milledgeville Bank
Millersburg
The Adams Bank
Commercial & Savings Bank
Millersport
Millersport Bank Co.
Mineral City *First National Bank
Minerva
Minerva Savings & Bank Co.
Minster
♦Minster State Bank
Mogadore
Mogadore Savings Bank
Monroe (C)
♦Monroe National Bank
Monroeville
Farmers & Citizens Banking Co.
Morrow (C)
♦First National Bank
♦Morrow National Bank
Moscow (C)
State Bank of Moscow
Mt. Blanchard Citizens Bank of Mt. Blanchard
Mt. Eaton
Bank of Mt. Eaton
Mt. Gilead
Peoples Savings Bank
Mt. Orab (C) ♦Brown County National Bank
Mt. Pleasant *Peoples National Bank
Mt. Sterling
Sterling State Bank
Mt.'Vernon
♦First National Bank
Knox Comity Savings Bank
♦Knox National Bank
Mt. Victory
Mt. Victory State Bank
Mowrystown(C) White Oak Valley Bank

McArthur (C) *Vinton County National Bank
McConnelsville *Citizens National Bank
Citizens Savings Bank
*First National Bank
Madeira (C)
Camargo Savings Bank
Magnolia
Bank of Magnolia Co.
Malta
*Malta National Bank
Manchester (C) Bank of Manchester
♦Farmers National Bank
Mansfield
*Citizens National Bank & Trust Co.
Farmers Savings & Trust Co.
Mansfield Savings Bank & Trust Co.
Richland Trust Co.
Mantua
*First National Bank
Marengo
Marengo Banking Co.
Marietta (C)
The Dime Savings Society
Peoples Banking & Trust Co.
Marion
Fahey Banking Co.
Marion County Bank Co.
♦National City Bank & Trust Co.
Martins Ferry The Citizens Savings Bank
Peoples Savings Bank Co.
Marysville
Bank of Marysville
Commercial Savings Bank
Mason (C)
First Mason Bank
Massillon
Ohio Merchants Trust Co.
Maumee
State Savings Bank Co.
Mechanicsburg Central Bank
Farmers Bank




<0 ♦ ( 0 S O 1

Navarre
Newark

Navarre Deposit Bank Co.
*First National Bank
Licking County Bank
♦Newark Trust Co.
♦Park National Bank
New Bremen
First City Bank
New Carlisle(C) *New Carlisle National Bank
Newcomerstown
♦First National Bank
New Concord ♦First National Bank
New Holland ♦First National Bank
New Knoxville Peoples Savings Bank
New Lexington *Peoples National Bank
Perry County Bank
Savings & Loan Banking Co.
New London
New Mata­
Peoples Savings Bank
moras (C)
New Paris (C) ♦First National Bank
♦Citizens National Bank
New Phila­
Peoples Bank & Savings Co.
delphia
New Rich­
♦New Richmond National Bank
mond (C)
5

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

New Vienna (C) New Vienna Bank
New Waterford New Waterford Savings & Banking
Co.
North Fairfield North Fairfield Savings Bank Co.
North
Lewisburg
Bank of North Lewisburg
Norwalk
*Citizens National Bank
Huron County Banking Co.
Norwood (C) *First National Bank
Norwood Hyde Park Bank
Norwood Savings Bank
Oak Harbor
Oak Harbor State Bank Co.
Oak Hill (C)
Oak Hill Savings Bank Co.
Oberlin
The Peoples Banking Co.
Okeana (C)
*First National Bank
Osborn (C)
*First National Bank
Ostrander
Ostrander Banking Co.
Ottawa
*First National Bank
Owensville (C) Merchants & Farmers Bank
Oxford (C)
Farmers State & Savings Bank Co.
*Oxford National Bank
Pataskala
Pataskala Banking Co.
Pemberville
Citizens Savings Bank Co.
Pickerington
Pickerington Bank
Piqua (C)
*Citizens National Bank & Trust Co.
*Piqua National Bank & Trust Co.
Plain City
*Farmers National Bank
Pleasantville
Pleasantville Bank
Plymouth
*Peoples National Bank
Polk
Polk State Bank
Pomeroy (C)
*Farmers Bank & Savings Co.
First City Bank
*Pomeroy National Bank
Port Clinton
American Bank
Portsmouth(C) Portsmouth Banking Co.
*Security Central National Bank
Port
William (C) Port William Banking Co.
Quaker City
*Quaker City National Bank
Quincy
Miami Valley Bank

(0

SO1

*First National Bank
Sabina Bank
St. Bernard (C) Citizens Bank of St. Bernard
St. Clairsville *Second National Bank
St. Marys
*Home Banking Co.
*Central National Bank
St. Paris
*First National Bank
Salem
*First National Bank
Citizens Bank & Co.
Sandusky
*Third National Exchange Bank
*First National Bank
Sardinia (C)
Scio
Scio Bank Co.
Seaman (C)
Farmers Bank
Seven Mile (C) *Farmers National Bank
Seville
Seville State Bank
Shelby
*Citizens Bank
*First National Bank
Shelby County Bank
Shiloh
*Shiloh Savings Bank Co.
Shreve
Farmers Bank of Shreve
Sidney
*Citizens National Bank
*First National Exchange Bank
Smithville
Farmers & Merchants Bank
Somerset
New Somerset Bank
Somerville (C) ^Somerville National Bank
South Euclid
South Euclid Bank
South
Vienna (C)
Farmers Deposit Bank
Springfield (C) *First National Bank & Trust Co.
*Lagonda-Citizens National Bank
Springfield Savings Society
Spring
Valley (C)
*Spring Valley National Bank
Sterling
Farmers Banking Co.
Steubenville
Antonucci State Bank
Miners & Merchants Sav. & Trust Co.
*National Exchange Bank & Trust Co.
^Peoples National Bank
Union Savings Bank & Trust Co.
Stoutsville
Farmers and Citizens Bank
Strasburg
Citizens State Bank
Stryker
Farmers State Bank
Sullivan
Sullivan State Bank Co.
Sunbury
Farmers Bank
Sabina (C)

Racine (C)

*First National Bank
Racine Home Bank
Ravenna
First Savings Bank & Trust Co.
*Second National Bank
Richwood
Richwood Banking Co.
Ripley (C)
*Citizens National Bank
Rittman
*Rittman Savings Bank
Rockford
*Rockford National Bank
Rocky River *First National Bank
Rossford
Rossford Savings Bank
Rushsylvania Citizens Bank Co.
Rushville
Rushville Banking Co.
Russell­
ville (C)
Bank of Russellville CoRutland (C)
Rathbum Bank




p

Swanton
Sycamore

Farmers & Merchants Deposit Co.
*First National Bank

Thornville
Tiffin

Peoples Bank of Thornville
*Commercial National Bank
*Tiffin National Bank
Tiffin Savings Bank
Peoples Bank

Tiltonsville
Tippecanoe
City (C)

6

*Citizens National Bank
*Tipp National Bank

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

Toledo

Toronto
Trotwood (C)
Troy (C)
Twinsburg

Citizens Trust Co.
Commerce Guardian Bank
Morris Plan Bank
*Toledo Trust Co.
*West Toledo National Bank
Union Savings Bank
Farmers & Citizens Bank
*First Troy National Bank & Trust Co.
Twinsburg Banking Co.

Wellington
Wellston (C)
West Carroll­
ton (C)
Westerville
West Liberty
West Salem
West Unity
Williams­
burg (C)
Williamsport
Wilmington(C)

Uhrichsville
Union Bank
Union City (C) Farmers State Bank
Upper
Sandusky
Citizens Savings Bank Co.
*First National Bank
Urbana
*Champaign National Bank
Utica
*First National Bank
Utica Savings Bank Co.
Van Wert
*First National Bank
Peoples Savings Bank
Versailles (C) *First National Bank
Peoples Bank Co.
Vinton (C)
Vinton Banking Co.
Wadsworth

*Wakeman Bank Co.
*First National Bank
*Peoples National Bank
*Second National Bank
Union Savings & Trust Co. of Warren

Warren
Washington
C. H. (C)
Waverly (C)
Waynesville (C)

*First Wellington Bank
*First National Bank
Milton Banking Co.
West Carrollton Bank
Citizens Bank
Farmers Bank Co.
Farmers State Bank
West Unity Banking Co.

Peoples Bank
*Farmers National Bank
*Clinton County National Bank &
Trust Co.
*First National Bank
Wilmot
Farmers State Bank
Winchester (C) Winchester Bank Co.
State Savings Bank
Woodville
Woodville Savings Bank Co.
Wooster
*Citizens National Bank
*Commercial Banking & Trust Co.
*
Wayne County National Bank
Xenia (C)
*Citizens National Bank
*Xenia National Bank
Yellow
Miami Deposit Bank
Springs (C)
City Trust & Savings Bank
Youngstown
Dollar Savings & Trust Co.
*Mahoning National Bank
Mahoning Savings & Trust Co.
Morris Plan Bank of Youngstown
*Union National Bank
Zanesville
’’“Citizens National Bank
*First National Bank
First Trust & Savings Bank

*First National Bank

Wakeman
Wapakoneta

p d . 10501

*First National Bank
*First National Bank
Waverly State Bank
’"Waynesville National Bank

P E N N S Y LV A N IA
A ll banks in District 4 attached to Pittsburgh branch.

Albion
Aliquippa
Ambridge
Apollo
Arnold
Aspinwall
Avalon
Avonmore
Beaver
Beaver Falls
Belle Vernon
Bellevue

Albion State Bank
*First National Bank
*Woodlawn Trust Co.
*Ambridge National Bank
*Economy National Bank
Apollo Trust Co.
*First National Bank
*National Deposit Bank
Bank of Aspinwall
Avalon Bank
*First National Bank
’‘‘Beaver Trust Co.
*Fort McIntosh National Bank
*Farmers National Bank
*First National Bank
Bellevue Savings & Trust Co.




Bentleyville
Big Run
Blairsville
Braddock
Bridgeville
Brockway
Brookville
Brownsville
Butler

California
Canonsburg
7

^Citizens National Bank
*Citizens National Bank
Blairsville Savings & Trust Co.
Bessemer Trust Co.
*Braddock National Bank
Bridgeville Trust Co.
Citizens Banking & Trust Co.
*National Bank of Brookville
*National Deposit Bank
*Butler County National Bank & Trust
Co.
Butler Savings & Trust Co.
*South Side National Bank
Union Trust Co.
Peoples Bank & Trust Co.
Citizens Trust Co.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p d .

Greenville

Carmichaels
Carnegie
Carrick
Castle Shannon
Central City
Charleroi

*First National Bank
*Camegie National Bank
Carrick Bank
*First National Bank
*Central City National Bank
Charleroi Savings & Trust Co.
*National Bank of Charleroi & Trust
Co.
Cherry Tree
Farmers & Merchants Bank
ClairtonwiisonP.o *First National Bank
Union Trust Co.
Clarendon State Bank
Clarendon
Clarion
Citizens Trust Co.
*Farmers National Bank
Claysville
*National Bank of Claysville
*Peoples National Bank
Clintonville
*First National Bank
Cochranton
Peoples Bank of Commodore
Commodore
*First National Bank
Confluence
*National Bank & Trust Co.
Connellsville
*Coraopolis National Bank
Coraopolis
Coraopolis Trust Co.
*Citizens National Bank
Corry
*National Bank of Corry
*First National Bank
Dawson
Donora
*Union National Bank
Dormont Savings & Trust Co.
Dormont
Dravosburg
State Bank of Dravosburg
Duquesne Trust Co.
Duquesne
*First National Bank
East Brady
EastPittsburgh
Elderton
Ellsworth
Ellwood City
Emlenton
Erie

Etna
Evans City
Falls Creek
Ford City
Foxburg
Franklin

Freedom
Friedens
Fryburg
Greensburg

Grove City
Hays
Herminie
Homestead
Houston
Indiana

*First National Bank
Farmers & Merchants Tr. Co.
*Greenville National Bank
*First National Bank
*Grove City National Bank
*Hays National Bank
*First National Bank
*First National Bank
Monongahela Trust Co.
*First National Bank

Indian Head
Irwin

Farmers Bank & Trust Co.
Savings & Trust Co. of Indiana
*First National Bank
Irwin Savings & Trust Co.

Jeannette
Jennerstown
Jerome

Glass City Bank
Peoples State Bank
*First National Bank

Kittanning

Armstrong County Trust Co.
*Farmers National Bank
*Merchants National Bank
^National Kittanning Bank
Safe Deposit & Title Guaranty Co.
*Clarion County National Bank
of Edenburgh

Knox

Latrobe
Leechburg
Ligonier
Lyndora

*Peoples National Bank
*East Pittsburgh Savings & Trust Co.
Elderton State Bank
*National Bank of Ellsworth
*Peoples National Bank
*Farmers National Bank
*First National Bank
*First National Bank
*Security Peoples Trust Co.
Union Trust Co.
*First National Bank
*Citizens National Bank

McDonald
McKeesport

*First National Bank
Latrobe Trust Co.
*First National Bank
*First National Bank in Ligonier
*Lyndora National Bank

McDonald Savings & Trust Co.
*First National Bank
*National Bank of McKeesport
*Peoples City Bank
McKees Rocks Chartiers Trust Co.
Manor
*Manor National Bank
Marianna
Peoples Bank of Marianna
Marienville
*Gold Standard National Bank
Marion Center *Marion Center National Bank
Mars
*Mars National Bank
Meadville
*Cr&wford County Trust Co.
*First National Bank
*Merchants National Bank & Trust
Co.
Mercer
*First National Bank
Meyersdale
“
"Citizens National Bank
*Second National Bank
Midland
*First National Bank
Midland Savings & Trust Co.
Millvale
Bank of Millvale
Monaca
*Citizens National Bank
*Monaca National Bank

*First National Bank
Peoples Bank of Ford City
Foxburg Bank & Trust Co.
Exchange Bank & Trust Co.
Franklin Trust Co.
*Lamberton National Bank
*Freedom National Bank
*First National Bank
*First National Bank
Barclay Westmoreland Trust Co.




10561

8

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

Monessen
Monongahela
City
Mt. Lebanon

*Peoples National Bank & Trust Co.

Natrona
New Bethle­
hem

♦First National Bank

10501

Pittsburgh
(Continued)

♦Peoples-Pittsburgh Trust Co.
Polithania State Bank
Provident Trust Co.
Sheridan Bank
South Hills Trust Co.
♦Union National Bank
Union Savings Bank
♦Union Trust Co.
Washington Trust Co.
Western Savings & Deposit Bank
William Penn Trust Co.
Workingmans Savings Bank & Trust
Co.
Pleasantville
Bedford County Bank
Citizens Bank of Pleasantville
Point Marion ♦First National Bank
Punxsutawney ♦County National Bank
Farmers & Miners Trust Co.
♦Punxsutawney National Bank

♦First National Bank
Mt. Lebanon Bank

’"First National Bank
New Bethlehem Trust Co.
♦Beaver County Trust Co.
New Brighton
♦Old National Bank
♦Union National Bank
♦Citizens National Bank
New Castle
♦First National Bank of Lawrence
County
♦Lawrence Savings & Trust Co.
Mahoning Trust Co.
Union Trust Co.
New Enterprise New Enterprise Bank
New Kensing­ ♦First National Bank
♦Logan National Bank & Trust Co.
ton _
♦National Deposit Bank of Arnold
♦Parnassus National Bank
♦First National Bank
New Salem
♦First National Bank
North East
♦National Bank of North East
♦First National Bank
Oakdale
♦First National Bank
Oakmont
Citizens Banking Co.
Oil City
♦First National Bank
Oil City Trust Co.
Parkers Land­
♦First National Bank
ing
♦First National Bank
Perryopolis
Pittsburgh
Allegheny Valley Bank
Arsenal Bank
Bank of America Trust Co.
Brookline Savings & Trust Co.
♦City Deposit Bank
♦Colonial Trust Co.
♦Commonwealth Trust Co.
Dollar Savings Bank
♦Farmers Deposit National Bank
Farmers Deposit Trust Co.
Fidelity Trust Co.
♦First National Bank
♦Forbes National Bank
Fourteenth Street Bank

Reynoldsville
Rices Landing
Rimersburg
Rochester

Roscoe
Rossiter
Salisbury
Saltsburg
Sandy Lake
Scalp Level
Scenery Hill
Scottdale
Sewickley

♦First National Bank
♦Rices Landing National Bank
♦First National Bank
♦First National Bank
♦Peoples National Bank
Rochester Trust Co.
♦First National Bank
Rossiter State Bank

*First National Bank
♦First National Bank
Mercer County State Bank
♦Merchants & Miners Bank
♦First National Bank
Scottdale Savings & Trust Co.
*First National Bank
Sewickley Valley Trust Co.
Sharon
♦McDowell National Bank
♦Merchants & Manufacturers National
Bank
Sharpsburg
Citizens Deposit & Trust Co.
Sharpsville
♦First National Bank
Sheffield
♦Sheffield National Bank
Shippensville ♦First National Bank
Sipesville
♦First National Bank
Sligo
♦Sligo National Bank
Slippery Rock ♦First National Bank
Smithfield
Smithfield State Bank
Smithton
♦First National Bank
'Somerset
The County Trust Company
♦First National Bank
Somerset Trust Co.
Springdale
*National Bank of Springdale
Stoneboro
♦First National Bank
Sugar Grove
Sugar Grove Savings Bank
Summerville
♦Union National Bank
Swissvale
♦First National Bank

Freehold Bank
Hilltop Savings & Trust Co.
Homewood Bank of Pittsburgh
Iron & Glass Dollar Savings Bank of
Birmingham
Manchester Savings Bank & Trust Co.
♦Mellon National Bank




Ipd.

0

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

Townville
Union City
Uniontown
Unity Station

♦Home National Bank
♦Second National Bank
Peoples Bank of Unity

Vandergrift
Verona
Volant

Vandergrift Savings & Trust Co.
Allegheny Valley Trust Co.
♦First National Bank

Warren

♦Citizens National Bank
♦Peoples National Bank
Washington Union Trust Co.
♦Ensworth National Bank
Waterford
Waynesburg
Union Trust Co. of Waynesburg
WestAlexander ♦Peoples National Bank
West Lebanon Peoples Bank of West Lebanon
WestMiddlesex ♦First National Bank
West Newton ♦First National Bank
Wilkinsburg
Wilkinsburg Bank
Wilmerding
♦First National Bank
Windber
♦Windber Trust Co.

Tidioute State Bank
♦Forest County National Bank
♦Second National Bank
Titusville Trust Co.
Townville State Bank

♦Wafren National Bank

Tidioute
Tionesta
Titusville

p.d. (0501

Washington

Youngwood

♦First National Bank

Zelienople

♦First National Bank
♦Peoples National Bank

WEST V IR G IN IA
A ll Fourth District W e s t V irg in ia banks attached to Pittsburgh branch

Cameron
Elm Grove

Sistersville

Cameron State Bank
*First National Bank
*First National Bank & Trust Co.

Warwood
Weirton
Wellsburg
Wheeling

Bank of Follansbee
Citizens Bank
Hollidays Cove Peoples Bank

Follansbee

McMechen
Middlebourne

Bank of McMechen
United Bank of Middlebourne

New Martins­ ’•'First National Bank
New Martinsville Bank
ville




10

*First Tyler Bank & Trust Co.
♦Union National Bank
Bank of Warwood
Bank of Weirton
Wellsburg Bank & Trust Co.
Center Wheeling Savings Bank
Citizens Mutual Trust Co.
Dollar Savings & Trust Co.
Fulton Bank & Trust Co.
Half Dollar Trust & Savings Bank
♦National Bank of West Virginia
♦National Exchange Bank of Wheeling
♦Security Trust Co.
South Side Bank & Trust Co.
♦Wheeling Bank & Trust Co.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p d .

10501

KEC’D in file s sectio n
F ed eral R eserve B ank
of

APR 1 1 195]

Cleveland

_

-fL

March 14, 1933

TO ALL BASKING ISTSTIOTIOJTS
IH THS FOURTH F&DSRAL R1SIKVS DISTRICT:
In order to facilitate the identification of the numerous Trea­
sury regulations, instructions! and Interpretations that have previously
been sent you, we are listing below a corrected Indejs of the communications
we have received, and their location inthe various letters, etc. Subsequent
regulations have been identified in letters, Please destroy index mailed
jou on March 11*
Number

Title

Regulation 1
ti
2
3
4
6
$
7




8
9
10

11
U
13
14
ts
16
17
18

Letter

Banks open for exchange of currency......
Aooess to safe deposit boxes . . . . . . . . . March 6
Return items ........................*.*
6
Cashing of Government checks .* ***.... ...
6
Cash payment to or at b a n k s ...........
6
Regarding food and feed products ........
6
Payment of segregated deposits - special
trust accounts - deposit and payment*...
Settlement for checks charged to
drawer's account............ ........
Delivery of securities in safekeeping....
7
Exercise by banks of usual functions
for certain purposes (food and neces* ..........
7‘
Advances to foreign branches; deposit
of collateral ******........*«* ** **. ****
*
S c r i p ....*****............. .... .
7
Trust powers ................******* ****.
7
Fiscal agency operations ***............ *
8
Redeposit of segregated funds *.*.......
8
Payment for March 6 Treasury bills ......
10
Transfer of balances within banks
10
Authorizing subscription to and payment
f?r Government issues and collection
of coupons * . . . . . . . . . . . . . . . . . . . . . .
11
Very truly yours,

Paragraph

%
i

i
5
4
spec, letter

#
■

i
4
i
4

i
last

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p A X

(Q5Q|

W
F e d e r a l
o f

R e s e r v e

B a n k

C l e ve l a n d

i l ’ FILi^SEOTON|

APR 1 1 1950 y * f
- 4 3 - '-

March 14, 1933

fO ALL BABEBfG I1JSTIT0TI0HS

i t6 mm® waamm m m m
s M

district?

Supplementing our previous circulars, we have received from
the Secretary of the Treasury the following Regulations, rulings,
and interpretations:
The Federal Reserve Board advises:
"ianfcing institutions which bave not jet 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."
REGULATIONS 22
AMENDED

"All Federal land banks, Federal intermediate
credit banks, joint stock land banks, Federal
home loan baiiks. Corporations organised tinder
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 pro­
hibited 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*H
REGULATION 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 emmmployent,
“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."

REGULATION 26

RA11 banking institutions may issue drafts trans­
ferring 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 ap­
plication fees, and in payment for domestic and foreign patent and
trade-mark taxes and renewals, Ho gold or gold certificates shall
be paid out, withdrawn, or exported under this Regulation*”




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

8

p d . 10501

-

March 14, 1933*

The Federal Reserve Board advises:
’Regulation No. 10 issued under the President’ proclamation is
’
s
interpreted to authorize payments for nursery stock where such pay­
ments 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.”
Interpretation 9.




Governor*

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

0 . ( 050)

.

m e t ) in f i l e s s e c t io n

APR 1 1 1 9 5 0 ^ 1
F e d e r a l
o f

R e s e r v e

B a n k

C l e v e l a n d ^
March 13, 1933

Supplementing our previous circulars, we have received from
the Secretary of the Treasury the following Regulations, rulings,
and interpretations:
REGULATION 22

"All Pederal land banks, Federal intermediate
credit banks, joint stock land banks, Pederal
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 Pederal
or State law, or as may hereafter be limited or prohibited by regu­
lations promulgated by the Secretary of the Treasury,
"This permission, as to each cf 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
condition that such institution shall deliver, within 30 days from the
date hereof, to the Treasurer of the United States or to a Pederal
reserve bank or a Pederal 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 coiif or in
currency* ”
REGULATION S3

“Ho 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 institution, before permitting the withdrawal of large or un­
usual 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,1
*
REGULATION 24

"All banking institutions may cash official drafts
drawn upon the Secretary 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
o u t* *

The Pederal Reserve Board advises:
MThat any national bank which issues preferred stock pursuant to
provisions of title III of Emergency Banking Act of larch 9, 1933,
should include such preferred stock in determining amount of Pederal
reserve bank stock to which such national bank is required to subscribe
under provisions of Pederal Reserve Act."




V ery t r u ly y o u r s ,

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

(0501

Authority ^

lr e c ’ i n p i l e s s e c t i o n
d
F

e d e r a l

or C

R

ese r ve

B

an k

AP R U

levelan d

March II, 1933
TO ALL BASKING INSTITUTIONS
IN THE fOURTH PEDlRAL RESERVE DISTRICT:
Supplementing our previous circulars, we have received from
the Secretary of the Treasury the following Regulations, rulings,
and interpretations:
REGULATION 18

"All banking institutions are hereby
authorized to subscribe and pay for any
Uhited 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.”
REGULATION 19

"Except as otherwise prohibited by law,
banking institutions may exercise their
normal and usual functions im 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.1

REGULATION 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 prohibited by the executive order
issued by the President on March 10, 1933, and any further
orders or regulations hereafter issued."

REGULATION 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 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 requirements, and for fulfillment of contracts
entered into prior to March 6, 1933.”




Very truly yours,

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

Authority

(0501

a ).

EEC’D in f i l e s s e c t io n
F ed eral R eserve B ank
of

Cleveland

APR 1 1 1 9 5 0 ^ "

. y no. ~Crf /.i—

March 10, 1933

TO ALL BANKING INSTITUTIONS
IN THi I0URTH PEDERAL RESERVE DISTRICT:

Supplementing our previous circulars, we have received from
the Secretary of the Treasury the following Regulations, rulings,
and interpretations:
"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 banks of the country are now prohibited under the proclama­
tion of March 9 of the President from conducting any banking
business, except as specifically authorised by rule, regulation
or license of the Secretary of the Treasury issued undei* that
proclamation.
In vie# 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 Pederal 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 per cent basis unless or until the
Secretary is satisfied that such bank is a sound going insti­
tution.
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 re­
organization of some character will permit the bank to be
classified as a sound going institution.
Any member bank not opened 100 per cent under this 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 applications for reopening by such state banks
as are not members of the federal Reserve System, the President




Reproduced from the Unclassified I Declassified Holdings of the National Archives

______

DECLASSIFIED
Authority p A)»

10501

- 2-

will by decree authorize the appropriate state authorities
in each.state to give licenses to banks under their juris­
diction 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 limita­
tions $s 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.”
"The Secretary of the Treasury advises as follows: All
openings of banks under Emergency Banking Act postponed
until Monday."
Executive order of the President. "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 insti­
tution organized under the laws of the United States, to perform
any or all of their usual banking functions, except as otherwise
prohibited.
wThe 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 therefor to the Secretary of the Treasury. Such
applications shall be filed immediately through the federal Reserve
Banks. The federal Reserve Bank shall then transmit such appli­
cations 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
applications and the issuance of licenses in his behalf and upon
his instructions.



Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

X » 10 5 0 1
)

-3"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.
,Ho permission to any banking institution to perform any
r
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 with­
drawal of any currency for hoarding, nor to engage in any trans­
action 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 authorised 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
The White House,
March 10, 1933.»
"Under the terms of the Act of March 9, 1933, immediate action
has been taken by the President and the Secretary of the
Treasury which will make possible the resumption of banking
operations in substantial volume at a very early date. Pending
such resumption the vital needs of communities must be met.
Attention of all banking institutions is called to Regulation
10 which is still in force and which as amended provides for
cooperation between banks in different communities and reads
as follows:
"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. Banking institutions may carry out such transactions
as may be necessary to aid banking institutions in other communities
to meet the necessities set forth above; provided, however, that
(1) every precaution shall be taken to prevent hoarding or the
unnecessary withdrawal of currency; (2) no state banking insti­
tution 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




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p

.'0* <0501

-4 -

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 account­
able for faithful compliance with the spirit and purpose as
well as the letter of this regulation.
'federal Reserve Banks may carry on such functions as
may be necessary to facilitate transactions authorized by
this regulation.
’In order to enable member banks of the federal Reserve
System to meet the needs of their respective communities to
the extent authorized by this regulation federal Reserve
Banks may make advances to such member banks under the con­
ditions set forth in Section 10 (B) of the federal Reserve
Act as amended by the Act of March 9, 1933, and in accordance
with authority granted by the federal Reserve Board.
'In addition, in order to enable individuals, partnerships
and corporations to meet their immediate payroll requirements,
federal Reserve Banks may make temporary advances to such
Individuals, partnerships and corporations on their promissory
notes secured by direct obligations of the United States in ac­
cordance with authority granted by the federal Reserve Board.*
1Any banking institution may, when the owners consent thereto,
1
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 drawers
and crediting such amounts to the accounts of such owners on
the books of the drawee banking institution. n




Very truly yours,

Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

Authority ^ AX

F ed eral R eserve B ank
of

(0501

] REC’D in FILES SECTION

APR 1 1 1 9 50 ^ "~ ”

Clevelan d

( H). _
/■

Hareh 9, 1935

TO A ll BANKING IHSTIOTIIOHS

H

THE FOURTH 3TO2RA1 RESERVE DISTRICT:

Supplementing our previous circulars, we have received from
the Secretary of the Treasury the following Regulations, rulings,
and interpretations:




"Regulation number five, dated March 6, 1933,
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 author­
ized by the person entitled to the proceeds.”
"Regulation number ten issued under the Presi­
dent’s proclamation is interpreted to authorize
payments for fertilizer and for vegetable and agri­
cultural seeds for spring planting, where such pay­
ments are absolutely necessary and where the seed
and/or fertilizer are for immediate use.”
"Pood or feed products as used in Regulation
six may be construed as including whole grain if
such grain is intended for processing or consumption
in the immediate future."
"Cigar manufacturing companies should be refer**
red to Collectors of Internal Revenue for informa­
tion regarding purchase of internal revenue stamps
in connection with cigar manufacturing."
"Release of funds for purchase of cotton where
absolutely necessary to maintain operation interpre­
ted as ’
necessary current expenditures for the purpose
of maintaining employment and for other similar es­
sential purposes* as used in Regulation ten."
Very truly yours

Governor

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

REC’D in F1USS section ]
F

e d e r a l

R

e se r v e

B

an k

apr

or C

11 i 9 s a r ^ i

levelan d

March 8, 1933.

TO AIL BAKKING IESTITUTIOHS

IN THE POURTIi PEDERAL RESERVE DISTRICT:

Supplementing our previous circulars, we have received from the
Secretary of the Treasury the following Regulations, rulings, and
interpretati ons:




"All Federal reserve hanks are authorized to con­
tinue their usual and normal functions pertaining
to the handling of collateral securing the deposit
of the public moneys of the United States, as pro­
vided in Treasury Circular 92, as amended and
revised."
"Regulation number ten of March 7, under the Presi­
dent’s proclamation of March 6, is held to authorize
payments on account of pensions, wojrtgogns’ ^Qffljsnj^ar
tion disability insurance, relief and unemployment."
"The term ’other corporations, partnerships, assoc­
iations or persons engaged in the business of receiv­
ing deposits, making loans’, as used in the Presi­
dent’s proclamation of March 6 declaring a bank
holiday, is held to include brokers, pawnbrokers,
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 seven,
that deposits heretofore received by any banking in­
stitution pursuant to agreement or legislative author­
ity 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,”

Very truly yours,

G overn or

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

(0501

Authority ^

F ederal R eserve B
of

Cleveland

ank

I KEC’D IN FILES SECTION

APR 1 1 1 9 5 0 1 ^ " ‘
March 7 , 1933*

$0 ALL BANKING INSTITUTIONS
IN THE FOURTH FEDERAL RESERVE DISTRICT:
Supplementing our circular letter of March 6, the following
Regulations of the Secretary of the Treasury have been received!
’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.”
’Any banking institution may deliver to the person
’
entitled thereto properly identified documents and secur­
ities 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 (l) 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 banking as­
sociation 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 faith­
ful 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, guard­
ian of estates, assignee, receiver, committee of estates
of lunatics, or in any other fiduciary capacity may




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

10601

Z,

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 regu­
lations 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 associa­
tions organized to provide an adequately secured medium
of temporary exchange, are hereby permitted to issue
certificates against sound assets of banking institu­
tions, such certificates to be deliverable by each
institution to its creditors and depositors on a pro­
rata basisf 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#**
"You are authorized to inform all banking institu­
tions and others ooncerned that the term ‘food or feed
products1 in regulation six under the Presidents pro­
clamation promulgated . l r c sixth may be interpreted to
Jafh
include livestock on the way to slaughter."




Very truly yours*

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

A th
u ority

AX ( 0 5 0 1

BEC’D IN FILES SECTION
F ed eral R eserve B
of

APR 1 1 19501**'""
- C J ll)

ank

Cleveland

k

March 6f 1933.

TO ALL BANKING- INSTITUTIONS IN THE FOURTH FEDERAL RESERVE DISTRICT:
We are advised officially that the Secretary of the Treasury
has issued the following regulations and we quote from telegrams received
from the Federal Reserve Board todays




nAll banking institutions may allow their customers ,
,
free access to the safety dep£Lsj/t boxes and safes \
rented to such customers".
lr53^HT~^
"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 closing of business hours and
have not been entered on the books of such banking
institutions”. 2:39 PM
"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”. 2:43 PM
"Any banking institution may handle and collect drafts
or other documents in connection with the shipment,
transportation or delivery of food or food products,
may pay out or permit the withdrawal of such amounts
of currency as shall be necessary in the judgment of
such banking institutions in connection with such ship­
ment, transportation or delivery of food or food products,
and may perform such other banking functions as may be
essential to the shipment, transportation or delivery of
food or food products; provided, however, that no bank­
ing institution shall pay out or permit the withdrawal
of any gold or gold certificates". 4:06 PM
"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 institions". 4:09 PM

Governor

J.
L

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

(0 5 0 1

F ed eral R eserve B ank
of

Clevelan d
_

March 4 , 1938.

TO MEMBER BANKS IN THE FOURTH FEDERAL RESERVE DISTRICT!
The past week has witnessed the development of a banking crisis
affecting practically the entire country. Most banks throughout this
District have either adopted restrictions upon withdrawals or entered
upon a banking holiday. The seriousness of the situation in Ohio was
recognized,by the Governor and the General Assembly on Monday and the Leg­
islature at a night session Monday evening adopted emergency legislation
authorizing the Superintendent of Banks to permit banks under his juris­
diction to limit withdrawals and to receive new deposits in a segregated
account, which new deposits were to be held by the banks without any
Restriction upon withdrawal. By legislation or proclamation, restrictions
on withdrawals or bank holidays have also been legalized in Pennsylvania,
Kentucky and West Virginia and throughout most the United States.
In the confusion which has resulted, the Federal Reserve Bank of
Cleveland finds it physically impossible to function with normal dispatch
the hundreds of thousands of transit items being received. Even where a
particular bank had not imposed restrictions or was able to make collect­
ion of items sent it, in the vast majority of cases, it has been found
impossible to supply us with satisfactory remittance drafts. Accordingly,
we were obliged to wire all member bank3 on Thursday that unless remittance
could be made either in cash or a draft upon the member bank’s reserve with
us, that items be returned. We likewise advised non-member banks that cash
would be required on their remittances. It will be necessary for us to con­
tinue these instructions until the banking situation is clarified.
The delay resulting from the unparalleled volume of transit items
and the inability to obtain satisfactory remittances, has made it necessary
for us to suspend our time schedule, as we cannot permit credit to the
members* reserves under the present conditions until we have been able to
secure remittances in actually realized funds.
In the exigent conditions existing, advice of non-payment of checks
may be unusually delayed through causes over which we have no control.
During the continuance of this unprecedented emergency we will do all in
our power to effect collections or give you advice of non-payment of items
dishonored but we cannot assume any responsibility for the unusual delay
at present attaching to these transactions.




FEDERAL RESERVE BANK OF CLEVELAND

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

x). (0 5 0 1

RE C ’ i n f i l e s s e c t i o n
D
F e d e r a l

R e s e r v e

B a n k

o r C le v e la n d

APR 1 1 1 9 ^ >
[

d n o .~ c .( y A .

February 25, 1933.

To the Member Banks of District No. 4:
The Governor of Maryland has designated February 25 as a
" legal holiday in that State, and has stated that he expects to declare
other successive holidays until the passage of proposed legislation.
In view of this situation, the time schedule 7-A dated February 1, 1929#
is suspended by this bank temporarily until further notice with respect
to all cash items drawn on banks situated in the State of Maryland, whether
sent to this bank or its branches, or directly to the Federal Reserve
Bank of Richmond, or its Baltimore Branch.

Until further notice, country

items on Maryland banks should be included in separate letters and Balti­
more city items should likewise be listed in separate letters.
Such items will be treated by this bank as specially deferred
credits, and your account will be credited upon receipt of advice by this
bank from its correspondent Federal reserve bank subject to the right of
this bank to charge back to you any unpaid items at any time.
period no checks will be accepted as non-cash collection items.




Very truly yours,

During this

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

F e d e r a l
o f

R e s e r v e
C

AX 10501

B a n k

l e v e l a n d

REC’D IN FILES SECTKttT

APR 1 1 1 9 5 0 J ^ ~ '

February 15, 1933

to the Member Banks of District No. 4t
Owing to the proclamation issued by the Governor of the
State of Michigan on the 14th inst., calling for an eight day public
holiday in that State during which time "all banks, trust companies
and other financial institutions conducting a banking or trust business
within the State of Michigan shall not be opened for the transaction of
banking or trust business" the Time Schedule 71, dated February 1, 1929
is suspended by this bank temporarily until further notice with respect
to all cash items drawn on banks situate in the State of Michigan whether
sent to this bank or its branches or directly to the Detroit Branch of
the Federal Reserve Bank of Chicago or to the Federal Reserve Bank of
Minneapolis.
Such items will be treated by this bank as specially deferred
credits and your account will be credited upon receipt of advice by this
bank from its correspondent Federal Reserve Bank* subject to the right of
this bank to charge back to you any unpaid items at any time.




Very truly yours*

G overn or

Reproduced from the Unclassified I Declassified Holdings of the National Archives

p

DECLASSIFIED
Authority

(0501

Federal Reserve Bank of I i t f & h F I T O R efccTiON
No. 11
Supplementary List

APR 2 4 1950 *
£y)

Of all banks in the Fifth Federal Reserve District which have reopened since
May 24, 1933, according to advices received through May 31,1933. Our lists con­
tain all reported reopened banks “Non-par,” as well as “Par,” and therefore do
not take the place of the Federal Reserve System’s par list.

Issued A s of Close of Business, Wednesday, M ay 31, 1933
Temporarily, Supplementary list will be issued as of close of business each Wednesday.

M A R Y L A N D
D ISTR IC T N O . 5—R ICH M OND (B ALTIM O R E B R AN C H )
2. ^Additional non-member banks licensed to resume banking operations without any restrict
*tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
BERLIN
C. B. Taylor Banking Company
(This bank included in our list of March 22, 1933, as reopened
under restrictions, but we are now informed it is operating
without restrictions.)
W ESTM IN STE R
Westminster Deposit and Trust Company
(This bank included in our list o f March 15, 1933, as reopened
under restrictions, but we are now informed it is operating
<
without restrictions.)

WEST

V IR G IN IA

D ISTR IC T N O . 5—R ICH M O N D
(B)
= BALTIMORE BRANCH
(Except Counties of Brooke, Hancock, Marshall, Ohio, Tyler and Wetzel, in District No. 4)

1. Additional member banks licensed to resume banking operations:
PIEDMONT
First National Bank
(This bank has absorbed The Davis National Bank of Piedmont.)

3. Additional non-member banks licensed to resume banking operations under restrictions in
addition to those applicable to all banking institutions under executive order of March 10,
1933. This list is based upon best information obtainable:




ELIZABETH (B)
W irt County Bank
(This bank included in our March IS, 1933 list of non-member
banks licensed without restrictions, but we are now informed it
is operating under restrictions.)
SUMMERSVILLE (B)
Nicholas County Bank
(This bank included in our March 15, 1933 list o f non-member
banks licensed without restrictions, but we are now informed it
is operating under restrictions.)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

pd.

10501

Federal Reserve Bank of Richmond
BEC’ D in f i l e s SE

No. 10
I
APR 2 4
Supplementary List <fi o

1950

J 1

Of all banks in the Fifth Federal Reserve District which have reopened since
May 17, 1933, according to advices received through May 24, 1933. Our lists con­
tain all reported reopened banks “ Non-par,” as well as “ Par,” and therefore^do
not take the place of the Federal Reserve System’s par list.
— rQ ^

Issued A s of Close of Business, Wednesday, M ay 24, 1933
Temporarily, Supplementary list will be issued as of close of business each Wednesday.

M A R Y L A N D

DISTRICT NO. 5—RICHMOND (BALTIM ORE BRANCH)
1. Additional member banks licensed to resume banking operations:
R O CK VILLE
Montgomery County National Bank

N O R TH

C A R O L IN A

DISTRICT NO. 5—RICHMOND
(C) =

CHARLOTTE BRANCH

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
F A L L S T O N (C)
Union Trust Company (Branch)
(T his bank included in our list o f A pril 5, 1933, as reopened
under restrictions, but w e are now informed it is operating
‘without restrictions.)

F O REST C IT Y (C)
Union Trust Company (Branch)
(T his bank included in our list o f A pril 5, 1933, as reopened
under restrictions, but w e are now informed it is operating
‘without restrictions.')

L A W N D A L E (C)
Union Trust Company (Branch)
(T h is bank included in our list o f April 5, 1933, as reopened
under restrictions, but w e are now informed it is operating
‘without restrictions.)

R U T H E R F O R D T O N (C)
Union Trust Company (Branch)
(T h is bank included in our list of April 5, 1933, as reopened
under restrictions, but we are now informed it is operating
‘without restrictions.)

SH ELBY (C)
Union Trust Company
(T h is bank included in our list o f April 5, 1933, as reopened
under restrictions, but we are {low informed it is operating
‘without restrictions.)

Q j& yhsy

3 *

,




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

.'0*

iosai

Federal Reserve Bank of R M fidE T
kgfi> @ C ioN
A P R 2 4 1950
n o

. 9

I

+ ib : - e x £ \

Supplementary List

i-/, 7/33

O f all banks in the Fifth Federal Reserve District which have reopened since <
M ay 10, 1933, according to advices received through May 17, 1933. Our lists con­
tain all reported reopened banks “ Non-par,” as well as “ Par,” and therefore do
not take the place of the Federal Reserve System’s par list.

Issued A s of Close of Business, Wednesday, M ay 17, 1933
Temporarily, Supplementary list will be issued as of close of business each Wednesday.

M A R Y L A N D
D IS T R IC T N O . 5—R IC H M O N D (B A L T IM O R E B R A N C H )
1. Additional member banks licensed to resume banking operations:
LA PLATA
Southern Maryland National Bank

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
BEL A IR
Harford Bank
(T h is bank included in our list o f M arch IS, 1933, as reopened
under restrictions, but w e are now informed it is operating
without restrictions.)

H AM PSTE AD
Hampstead Bank of Carroll County
(T h is bank included in our list of M arch IS, 1933, as reopened
under restrictions, but w e are now informed it is operating
without restrictions.)

N O R TH

C A R O L IN A

D IS T R IC T N O . 5—R IC H M O N D
(C) =

CHARLOTTE BRANCH

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
N O R T H W ILKESBORO (C)
Bank of North Wilkesboro
S Y L V A (C)
Jackson County Bank
(T h is bank included in our list of April 5, 1933, as reopened
under restrictions, but w e are now informed it is operating
without restrictions.)

&

' / ^ 0
a
v j> o f




t

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ A)* ( O S Q j

Federal Reserve Bank of Richmond
IN PILES SECTIO|£|__

N o. 8
I
A R 15
P J4 9 0
Supplementary Ilist...
' 'T

H

i , I ‘5 ^

Of all banks in the Fifth Federal Reserve District which have reopened sinee / I f --J
May 3, 1933, according to advices received through May 10,1933. Our lists con­
tain all reported reopened banks “ Non-par,” as well as “Par,” and therefore do
not take the place of the Federal Reserve System’s par list.

Issued A s of Close of Business, Wednesday, M ay 10, 1933
Tsmporarily, Supplementary list will be issued as of close of business each Wednesday.

D IST R IC T

OF

C O LU M B IA

DISTRICT NO. S-R IC H M O N D
1. Additional member banks licensed to resume banking operations:
W ASHINGTON
W ashington Loan & Trust Company
(This bank shown in our March IS, 1933 list o f non-member
banks licensed without restrictions. It has since become a mem­
ber o f the Federal Reserve System.)

M A R Y L A N D
DISTRICT NO. 5—RICHMOND (BALTIM ORE BRANCH)
1. Additional member banks licensed to resume banking operations;
HAGERSTOWN
Second National Bank
MT. A IR Y
First National Bank

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:




FOWBLESBURG
Farmers and M erchants Bank
(This bank shown in our March 15, 1933 list of non-member
banks licensed to reopen under restrictions, but now reported
licensed and being operated without any restrictions.)
GLYNDON
Glyndon Bank
(This bank shown in our March 15, 1933 list o f non-member
banks licensed to reopen under restrictions, but now reported
licensed and being operated without any restrictions.)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

SOUTH

ft.

(0501

C A R O LIN A

D IS T R IC T N O . 5—R IC H M O N D
(C) = CHARLOTTE BRANCH

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
UNION (C)
The Arthur Depository, Incorporated
(T his is a newly organized bank which opened for business on
April 1, 1933.)
VARNVILLE
The Hampton County Cash Depository
(T h is is a new ly organized bank which opened for business on
April 3, 1933.)

3. Additional non-member banks licensed to resume banking operations under restrictions in
addition to those applicable to all banking institutions under executive order of March 10,
1933. This list is based upon best information obtainable:




EASLEY (C)
Commercial Bank

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

p A) ♦ 10 SO1

Federal Reserve Bank of Richmond
BEC’D in f il e s section

No. 7
I
APR 2 4 1950
A
Supplementary Lyt < 0 , - C 0 1 £'J
4n
O f all banks in the Fifth Federal Reserve District which have reopened since
April 26, 1933, according to advices received through May 3, 1933. Our lists
contain all reported reopened banks “ non-par” as well as “ par” and therefore
do not take the place of the Federal Reserve System’s par list.

Issued as of Close of Business, Wednesday, M ay 3, 1933
Temporarily, Supplementary lists will be issued as of close of business each Wednesday.

M A R Y L A N D
D IS T R IC T N O . 5—R IC H M O N D (B A L T IM O R E B R A N C H )
1. Additional member banks licensed to resume banking operations:
BE L A IR
First National Bank of Bel Air
(T h is is a newly organized bank which opened for business on
M ay 1, 1933.)
CO CK EYSV ILLE
National Bank of Cockeysville
W ESTM IN STE R
First National Bank
W O OD BIN E
Woodbine National Bank

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
D AM ASCU S
Bank of Damascus
(T h is bank shown in our March IS, 1933 list of non-member
banks licensed to reopen under restrictions, but now reported
licensed and being operated without any restrictions.)

SOUTH

C A R O LIN A

D IS T R IC T N O . 5—R IC H M O N D
(C) = C H A R L O T T E B R A N C H

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:




BU FFA LO (C)
Bank of Buffalo
MONCKS C O R N E R
Connor and Wiggins Depository, Incorporated
ROCK H IL L (C)
The Peoples Trust Company

^
j<|

Reproduced from the Unclassified I Declassified Holdings of the National Archives

~ DECLASSIFIED

Authority f c f l .

(0501

V IR G IN IA
DISTRICT NO. 5—RICHMOND
1. Additional member banks licensed to resume banking operations:
MIDDLEBURG
Middleburg National Bank

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
BURKEVILLE
Bank of Crewe (Branch)
(Formerly Farmers & Merchants Bank.)
WAKE
Bank of Middlesex (Branch)
(Formerly Packers State Bank)

WEST V IR G IN IA
DISTRICT NO. 5—RICHMOND
(Except Counties oi Brooke, Hancock, Marshall, Ohio, Tyler and Wetzel, in District No. 4)
(B) = BALTIMORE BRANCH

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:




SHEPHERDSTOWN (B)
Farmers Bank of Shepherdstown
(This bank reported to us and shown in our March IS, 1933 list
of non-member banks licensed without any restrictions and
changed in our March 22, 1933 list as operating under restric­
tions. W e are now informed that the bank is operating without
any restrictions.)
Jefferson Security Bank
(This bank reported to us and shown in our March IS, 1933 list
o f non-member banks licensed without any restrictions and
changed in our March 22, 1933 list as operating under restric­
tions. W e are now informed that the bank is operating without
any restrictions.)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

^

(0501

Federal Reserve Bank of Richmond
EEC’D IN PILES SECTION

No. 6
Supplementary List

i

APR 2 4

¥ i/ )

~ e

1950 .
f a

O f all banks in the Fifth Federal Reserve District which have reopened since
April 19, 1933, according to advices received through April 26, 1933. Our lists
contain all reported reopened banks “ non-par” as well as “ par” and therefore
do not take the place of the Federal Reserve System’s par list.

Issued as of Close of Business, Wednesday, A pril 26.1933
Temporarily, Supplementary lists will be issued as of close of business each Wednesday.

D ISTR IC T

OF

C O LU M B IA

D IS T R IC T N O . 5—R IC H M O N D
1. Additional member banks licensed to resume banking operations:
WASHINGTON
American Security & Trust Company
(T h is bank shown in our March 15, 1933 list of non-member
banks licensed without restrictions. It has since become a mem­
ber of the Federal Reserve System.)

M A R Y L A N D
D IS T R IC T N O . 5—R IC H M O N D (B A L T IM O R E B R A N C H )
1. Additional member banks licensed to resume banking operations:
PERRYVILLE
National Bank of Perryville
TOWSON
Second National Bank

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:




MILLINGTON
Millington Bank
(T h is bank included in our M arch 15, 1933 list as reopened
under restrictions, but now reported licensed and being oper­
ated without any restrictions.)
NEWARK
Home Bank
(T h is bank included in our M arch 15, 1933 list as reopened
under restrictions, but now reported licensed and being oper­
ated without any restrictions.)
ROCKVILLE
Farmers Banking & Trust Company
(T h is bank included in our M arch 15, 1933 list as reopened
under restrictions, but now reported licensed and being oper­
ated without any restrictions.)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

N O R TH

(0501

C A R O LIN A

D IS T R IC T N O . 5— R IC H M O N D
(C ) =

CHARLOTTE BRANCH

1. Additional member banks licensed to resume banking operations:
W IL M IN G T O N
Wilmington Savings & Trust Company
(T h is bank shown in our M arch 15, 1933 list of non-member
banks licensed without restrictions. It has since become a mem­
ber of the Federal Reserve System.)

SOUTH

C A R O LIN A

D IS T R IC T N O . 5—R IC H M O N D
(C) = C H A R L O T T E B R A N C H

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
EDGEFIELD (C)
Edgefield Cash Depository
(T his is a newly organized bank which opened for business on
April 22, 1933.)

V IR G IN IA
D IS T R IC T N O . 5—R IC H M O N D
1. Additional member banks licensed to resume banking operations:
F A R M V IL L E
Planters Bank & Trust Company
(T h is bank shown in our M arch IS, 1933 list of non-member
banks licensed without restrictions. It has since become a mem­
ber of the Federal Reserve System.)
ODD
First National Bank of Poquoson
(T h is bank licensed on April 6, 1933, and should have been
shown in our list of April 12, 1933.)

WEST

V IR G IN IA

D IS T R IC T N O . S—R IC H M O N D
(Except Counties of Brooke, Hancock, Marshall, Ohio, Tyler and Wetzel, in District No. 4)
(B) = B A LTIM O R E B R A N C H

1. Additional member banks licensed to resume banking operations:




A L B R IG H T (B)
First National Bank
BU FFALO
Buffalo Bank
(T h is bank shown in our March 15, 1933 list of non-member
banks licensed without restrictions. It has since become a mem­
ber of the Federal Reserve System.)
RO W LE SBU RG (B)
Peoples National Bank of Rowlesburg

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

(05Q I

No. 5
Supplementary List
O f all banks in the Fifth Federal Reserve District which have reopened since
April 12, 1933, according to advices received through April 19, 1933. Our lists
contain all reported reopened banks “ non-par” as well as “ par” and therefore
do not take^ the place o f the Federal Reserve System’s par list.

Issued as of Close o f Business, Wednesday. April 1Qr 1933
Temporarily, Supplementary lists will be issued as of close of business each Wednesday.

M A R Y L A N D
D IS T R IC T N O . 5—R IC H M O N D (B A L T IM O R E B R A N C H )
2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
B A L T IM O R E
City Savings Bank
H A V R E DE G R A C E
Havre de Grace Banking & Trust Company
(T h is bank included in our M arch 15, 1933 list o f non-member
banks licensed under restrictions, but we are now informed it
is operating without restrictions.) •

N O R TH

C A R O L IN A

D IS T R IC T N O . 5—R IC H M O N D
(C ) = C H A R L O T T E B R A N C H

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:




L A U R E L H IL L
Bank of Laurel Hill
P ILO T M O U N T A IN
Farmers Bank
(T h is bank included in our April 5, 1933 list of non-member
banks licensed under restrictions, but we are now informed it
is operating without restrictions.)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ A)*

WEST

10501

V IR G IN IA

D IS T R IC T N O . 5—R IC H M O N D
(Except Counties of Brooke, Hancock, Marshall, Ohio, Tyler and Wetzel, in District No. 4)
(B) = B A L T IM O R E B R A N C H

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
LOST CREEK (B)
Harrison County Bank

3. Additional non-member banks licensed to resume banking operations under restrictions in
addition to those applicable to all banking institutions under executive order of March 10,
1933. This list is based upon best information obtainable:




B A R B O U R SV ILL E
First State Bank
(T h is bank included in our M arch 15, 1933 list o f non-member
banks licensed without restrictions, but w e are now informed it
is operating under restrictions.)
M IL T O N
Bank of Milton
(T h is bank included in our M arch IS, 1933 list o f non-member
banks licensed without restrictions, but we are pow informed it
is operating under restrictions.)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

Authority

p

lOSQj

Federal Reserve Bank of Richmond
No. 4
Supplementary List ^
.

, ,-

l /j XJ 7
+

Of all banks in the Fifth Federal Reserve District which have reopened/sincer
April 5, 1933, according to advices received through April 12, 1933. Our lists
contain all reported reopened banks “non-par” as well as “par” and therefore
do not take- the place of the Federal Reserve System’s par list.

Issued as of Close of Business, Wednesday, April 12. 1933
Temporarily, Supplementary lists will be issued as of close of business each Wednesday.

MARYLAND
DISTRICT NO. 5—RICHMOISD (BALTIM ORE BRANCH)
1. Additional member banks licensed to resume banking operations:
BALTIMORE
Fidelity Trust Company
(This bank shown in our March 15, 1933 list o f non-member
banks licensed without restrictions. It has since become a mem­
ber o f the Federal Reserve System.)

NORTH

CAROLINA

DISTRICT NO. 5—RICHMOND
(C) = CHARLOTTE BRANCH

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:




ELLENBORO (C)
Bank of Ellenboro
(This bank included in our list of April 5, 1933, as reopened
under restrictions, but now reported licensed and being operated
without any restrictions.)
FREMONT
Bank of Fremont
(This bank included in our list of April 5, 1933, as reopened
under restrictions, but now reported licensed and being operated
without any restrictions.)

/ / r J

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

SOUTH

a ).

(0501

CAROLINA

D IS T R IC T N O . 5—R IC H M O N D
(C) =

CHARLOTTE BRANCH

3. Additional non-member banks licensed to resume banking operations under restrictions in
addition to those applicable to all banking institutions under executive order of March 10,
1933. This list is based upon best information obtainable:
DENMARK
Carolina Bank & Trust Company

NICHOLS
Bank of Nichols

VIRGINIA
D IS T R IC T N O . 5—R IC H M O N D
1. Additional member banks licensed to resume banking operations:
ABINGDON

^

Farmers Exchange Bank
(T h is bank shown in our March 15, 1933 list of non-member
banks licensed ‘without restrictions. It has since become a mem­
ber of the Federal Reserve System.)

GLADE SPRING

^

Bank of Glade Spring
(T his bank shown in our M arch 15, 1933 list of non-member
banks licensed without restrictions. It has since become a mem­
ber of the Federal Reserve System.)

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
DAMASCUS
Bank of Damascus

MEADOW VIEW
Bank of Damascus (Branch)
(Form erly The County Bank, Inc.)

WEST

VIRGINIA

D IS T R IC T N O . 5—R IC H M O N D
(Except Counties of Brooke, Hancock, Marshall, Ohio, Tyler and Wetzel, in District No. 4)
(B) = BALTIMORE BRANCH

1. Additional member banks licensed to resume banking operations:
CLARKSBURG (B)
Empire National Bank
Union National Bank

3. Additional non-member banks licensed to resume banking operations under restrictions in
addition to those applicable to all banking institutions under executive order of March 10,
1933. This list is Based upon best information obtainable:




HUNTINGTON
Twentieth Street Bank
(T his bank included in our list of M arch 15, 1933, as reopened
without restrictions, but we are now informed it is operating
under restrictions.)

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

p

(050)

itifi’D IN FILES SECTION

,

A R -7 195
P

ilOY- f C
-

Federal Reserve Bank y
9/S"/.
of Richmond




No. 3
Supplementary List
Of all banks in the Fifth Federal Re­
serve District which have reopened
since March 29, 1933, according to
advices received through April 5, 1933.
Our lists contain all reported reopened
banks “non-par” as well as “par” and
therefore do not take the place of the
Federal Reserve System’s par list.

Supplementary List No. 3
ISSUED AS OF CLOSE OF BUSINESS
WEDNESDAY, APRIL 5, 1933

Temporarily, Supplementary lists will be issued as of close
of business each Wednesday

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

pd. (0501

S upplem en t N o. 3
F ederal R

eserve

Bank

of

Page 3

R ic h m o n d

MARYLAND
D IS T R IC T N O . 5—R IC H M O N D (B A L T IM O R E B R A N C H )
Supplementary list of all banks which reopened since March 29, 1933, according to advices received through April
5, 1933. This list contains reopened banks “non-par” as well as “par” and therefore does not take the place of the
Federal Reserve System’s par list.

1. Additional member banks licensed to resume banking operations:
ABERDEEN
First National Bank

HAVRE DE GRACE
Citizens National Bank
First National Bank

NORTH EAST
First National Bank

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
NONE

3. Additional non-member banks licensed to resume banking operations under restrictions in
addition to those applicable to all banking institutions under executive order of March 10,
1933. This list is based upon best information obtainable:
RIDGELEY
Peoples Bank (Branch)
(T h is branch included in our list of M arch 15, 1933, as reopened
under restrictions and w as reported in our list of M arch 22,
1933, as reopened without any restrictions. W e are now in­
formed that it is operating under restrictions.)

C O R R E C T IO N IN O U R M A R C H 15, 1933 L IS T




FREDERICK
Farmers & Mechanics National Bank
(T h is bank w as shown as Farmers & M erchants National Bank.)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

10501

Authority ^ A )-

Page 4

S u p p l e m e n t N o. 3
F

NORTH

ederal

R

eserv e

Bank

of

R

ic h m o n d

CAROLINA

D IS T R IC T N O . 5— R IC H M O N D
(C) = CHARLOTTE BRANCH
Supplementary list of all banks which reopened since March 29, 1933, according to advices received through April
5, 1933. This list contains reopened banks “non-par” as well as “par” and therefore does not take the place of the
Federal Reserve System’s par list.

1. Additional member banks licensed to resume banking operations:
ELIZABETH CITY
First & Citizens National Bank

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
HAW RIVER
Bank of Haw River

Additional non-member banks licensed to resume banking operations under restrictions in
addition to those applicable to all banking institutions under executive order of March 10,
1933. This list is based upon best information obtainable:
ABERDEEN
Page Trust Company

ALBEMARLE (C)
Page Trust Company (Branch)

APEX

Champion Bank & Trust Company

CARTHAGE
Page Trust Company (Branch)

CHARLOTTE (C)

Page Trust Company (Branch)

ASHEBORO
Asheboro Bank & Trust Company

BAYBORO
North Carolina Bank & Trust Co. (Branch)

BOONE (C)
Peoplesi Bank & Trust Company
Watauga County Bank

BOONEVILLE
Commercial & Savings Bank

BRYSON CITY (C)
Bryson City Bank

BURLINGTON
North Carolina Bank & Trust Co. (Branch)

BURNSVILLE (C)




CANTON (C)

Peoples Bank

*Independence Trust Company
Industrial Bank of Mecklenburg

CLARKTON
Bank of Bladen

CLEVELAND (C)
Citizens Bank

COLERAIN
Bank of Coleraine

CONWAY
Bank of Conway

CRESWELL
Bank of Creswell

DALLAS (C)
Bank of Dallas

ELKIN
Bank of Elkin

*T his is a state member bank which has not been licensed by the Secretary of the Treasury
to reopen 100%, but has been granted permission by the State banking authorities to allow 5% w ith­
draw als under Regulation 27 issued by the Secretary of the Treasury.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority \ z x ) .

(0501

S u p p l e m e n t No. 3
F ederal R

eserv e

Bank

of

R

P age 5
ic h m o n d

NORTH

C A R O L I N A —Continued

3. Non-member banks licensed under restrictions (continued):
ELLENBORO
Bank of Ellenboro

FAISON
Bank of Faison

FALLSTON (C)
Union Trust Company (Branch)

FOREST CITY (C)
Industrial Loan & Investment Bank
Union Trust Company (Branch)

FOUNTAIN
Bank of Fountain

FRANKLIN (C)
v
Bank of Franklin

FREMONT
Bank of Fremont

GASTONIA (C)
Gaston Loan & Trust Company

GATESVILLE
Bank of Gates

GIBSONVILLE
Bank of Gibsonville

GRAHAM
Citizens Bank

GREENSBORO
Morris Plan Industrial Bank
North Carolina Bank & Trust Company
North Carolina Industrial Bank

HAMLET
Page Trust Company (Branch)

HARMONY (C)
Harmony Banking & Trust Company

HARRELLSVILLE
Bank of Harrellsville

HAYESVILLE (C)
Clay County Bank

HIGHLANDS (C)
Highlands Bank

HIGH POINT
Globe Industrial Bank
High Point Morris Plan Bank
North Carolina Bank & Trust Company (Branch)

KINSTON
North Carolina Bank & Trust Company (Branch)

LAUREL HILL
Bank of Laurel Hill

LAWNDALE (C)
Union Trust Company (Branch)

LEICESTER (C)
Bank of Leicester




LEXINGTON
Commercial Bank of Lexington

LIBERTY
Page Trust Company (Branch)

LITTLETON
Bank of Littleton

MAIDEN (C)
Maiden Bank

MOCKSVILLE
Bank of Davie

MONROE (C)
North Carolina Bank & Trust Company (Branch)

MOUNT A IR Y
Bank of Mount Airy

MOUNT GILEAD
Bank of Mount Gilead

NEW BERN
North Carolina Bank & Trust Company (Branch)

NEWPORT
Bank of Newport

NORWOOD (C)
Bank of Norwood

PILOT MOUNTAIN
Farmers Bank

PINEHURST
Bank of Pinehurst
PINEVILLE (C)
Merchants & Farmers Bank

PINNACLE
Bank of Pinnacle
RAEFORD
Page Trust Company (Branch)

RALEIGH
Morris Plan Bank
North Carolina Bank & Trust Company (Branch)
Page Trust Company (Branch)

RAMSEUR
Page Trust Company (Branch)
RICH SQUARE
Bank of Rich Square

ROCKY MOUNT
North Carolina Bank & Trust Company (Branch)

ROXBORO
Peoples Bank

RUTHERFORDTON (C)
Union Trust Company (Branch)

SALISBURY (C)
North Carolina Bank & Trust Company (Branch)

Reproduced from the

Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ 0 j 0 5 0 j _ _

*

S upplem ent N

P age 6

F e d e r a l R eserve B a n k

NORTH

o.

3

of

R

ic h m o n d

C A R O L I N A —Continued

3. Non-member banks licensed under restrictions (continued):
SANFORD
Pag;e Trust Company (Branch)

SCOTLAND NECK
North Carolina Bank & Trust Company (Branch)

SHELBY (C)
Union Trust Company

SILER CITY
„ Page Trust Company (Branch)

SOUTHPORT
Peoples United Bank

SPENCER (C)
North Carolina Bank & Trust Company (Branch)

STANFIELD (C)
Bank of Stanfield

STONEVILLE
Bank of Stoneville

SYLVA (C)
Jackson County Bank

TARBORO




North Carolina Bank & Trust Company (Branch)

TAYLORSVILLE (C)
Merchants & Farmers Bank

THOMASVILLE
Page Trust Company (Branch)

TROY
Page Trust Company (Branch)

VARINA
Bank of Varina

WALLACE
North Carolina Bank & Trust Company (Branch)

WILMINGTON
North Carolina Bank & Trust Company (Branch)

WILSON
North Carolina Industrial Bank (Branch)

WINDSOR
Bank of Windsor

YADKINVILLE
Bank of Yadkin

ZEBULON
Page Trust Company (Branch)

Reproduced from the Unclassified / Declassified Holdings of the National Archives

d e c l a s s if ie d

Authority p \ ) .

(0501

S u ppl e m e n t N o. 3
F ederal R

eserve

Bank

of

R

P age

7

ic h m o n d

VIRGINIA
D IS T R IC T N O . 5—R IC H M O N D
Supplementary list of all banks which reopened since March 29, 1933, according to advices received through April
5, 1933. This list contains reopened banks "non-par” as well as “par” and therefore does not take the place of the
Federal Reserve System’s par list.

1. Additional member banks licensed to resume banking operations:
NONE

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
DANVILLE
Danville Savings Bank & Trust Company

POCAHONTAS
Bank of Pocahontas
(T h is bank included in our list of M arch 22, 1933, as reopened
under restrictions, but w e are now informed it is operating
without restrictions.)

3. Additional non-member banks licensed to resume banking operations under restrictions in
addition to those applicable to all banking institutions under executive order of March 10,
1933. This list is based upon best information obtainable:




NONE

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

P age 8

A ). ( O S O j

S

upplem ent

F ederal R

WEST

eserve

Bank

N o. 3
of

R

ic h m o n d

VIRGINIA

D IS T R IC T N O . 5—R IC H M O N D
(Except Counties of Brooke, Hancock, Marshall, Ohio, Tyler and Wetzel, in District No. 4)
(B) = BALTIMORE BRANCH
Supplementary list of all banks which reopened since March 29, 1933, according to advices received through April
5, 1933. This list contains reopened banks “non-par” as well as “par” and therefore does not take the place of the
Federal Reserve System’s par list.

1. Additional member banks licensed to resume banking operations:
NONE

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
WAYNE
Wayne County Bank
(T h is bank reported to us and shown in our March 15, 1933 list
o f non-member banks reopened without any restrictions, but was
included in our list of M arch 22, 1933, as reopened under re­
strictions. W e are now informed that the bank is operating
without any restrictions.)

3. Additional non-member banks licensed to resume banking operations under restrictions in
addition to those applicable to all banking institutions under executive order of March 10,
1933. This list is Based upon best information obtainable:




NONE

Reproduced from the Unclassified I Declassified Holdings of the National Archives

_____ _

DECLASSIFIED
Authority p d .

(0 6 0 1

T iE C 'B IN FILES SECTION

F E D E R A L R ES ER V E B A N K O F RICHMC ND
± 2

APR 2 4
0

ig50',

...... f - ( ■ >

March 30, 1933.

REGULATIONS ISSUED BY THE SECRETARY OF THE TREASURY
UNDER THE PRESIDENT’S PROCLAMATIONS—Continued
(Supplement No. 2)

To A l l B a n k i n g I n s t it u t io n s
in t h e

F i f t h F e d e r a l R eserv e D i s t r i c t :

Supplementing our circular of March 23, 1933, we are giving below additional numbered
regulations issued by the Secretary o f the Treasury under authority conferred upon him by the
President’s proclamations of March 6 and 9, 1933, declaring and continuing the bank holiday.
V ery truly yours,

Governor.

NUMBERED REGULATIONS (Continued)
31.

Any banking institution which is a member o f the Federal Reserve System and is not li­
censed to perform usual banking functions, but which is duly authorized to engage in the
business o f acting as trustee, executor, administrator, registrar o f stocks and bonds, trans­
fer agent, guardian o f estates, assignee, receiver, committee o f estates o f lunatics, or in
any other fiduciary capacity, may transact such business in the normal and usual manner
and may make payments on account o f the principal or income o f trust or other fiduciary
funds to the persons entitled thereto; provided, that, except to the extent permitted 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 o f such bank­
ing 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 dis­
tinguished from any trust or other fiduciary duty, o f such banking institution.
This regulation supersedes em ergency banking Regulation No. 13 o f M arch 7, 1933,
which is hereby revoked.
(See also Regulation No. 13)

32.

Any State bank which is a member o f the Federal Reserve System, and is not licensed by
the Secretary o f the Treasury to perform usual banking functions, may permit withdraw­
als o f deposits which are lawfully secured by collateral; provided that such withdrawals
are: (A ) permissible under applicable law, (B ) duly authorized by the board o f directors
o f such bank, upon such terms with respect to the release o f collateral as will fully protect
all depositors and other creditors against the creation o f any preferences, and (C ) ap­
proved by the appropriate state authority having supervision o f 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.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^

■ - I0SQ|
'D

BEC’D IK FILES SECTION

,
.. H

A R -7 1950,
P
i

0

, -

Federal Reserve Bank
of Richmond




No. 2
Supplementary List
Of all banks in the Fifth Federal Re­
serve District which have reopened
since March 22, 1933, according to
advices received through March 29,
1933. Our lists contain all reported
reopened banks “non-par” as well as
“par” and therefore do not take the
place of the Federal Reserve System’s
par list.

Supplementary List No. 2
ISSU ED A S O F C L O SE O F BUSINESS
W E D N E S D A Y , M A R C H 29, 1933

Temporarily, Supplementary lists will be issued as of close
of business each Wednesday

c

4
»

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p \)* (0 5 0 |

S upplem ent N
F ederal R eserve B a n k

o.

of

2
R

P age

3

ic h m o n d

D ISTR ICT

OF

COLUMBIA

D IS T R IC T N O . 5—R IC H M O N D
Supplementary list of all banks which reopened since March 22, 1933, according to advices received through March
29, 1933. This list contains reopened banks “non-par” as well as “par” and therefore does not take the place of the
Federal Reserve System’s par list.

1. Additional member banks licensed to resume banking operations:
'NONE

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
NONE

3. Additional non-member banks licensed to resume banking operations under restrictions in
addition to those applicable to all banking institutions under executive order of March 10,
1933. This list is based upon best information obtainable:




NONE

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

A)- 1 0 5 0 1

Page 4

S
F

ederal

R

upplem ent
eserve

No. 2

Bank

of

R

ic h m o n d

MARYLAND
D IS T R IC T N O . 5—R IC H M O N D (B A L T IM O R E B R A N C H )
Supplementary list of all banks which reopened since March 22, 1933, according to advices received through March
29, 1933. This list contains reopened banks “non-par” as well as “par” and therefore does not take the place of the
Federal Reserve System’s par list.

1. Additional member banks licensed to resume banking operations:
NONE

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
NONE

3. Additional non-member banks licensed to resume banking operations under restrictions in
addition to those applicable to all banking institutions under executive order of March 10,
1933. This list is based upon best information obtainable:




BALTIMORE
^Baltimore Commercial Bank
^Baltimore Trust Company

*These are state member banks which have not been licensed by
the Secretary of the T reasury to reopen 100%, but have been
granted permission by the State banking authorities to allow
5% w ithdraw als under Regulation 27 issued by the Secretary
of the Treasury.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

S upplem ent N
F e d er al R eserve B a n k

p)
x.

o. 2
of

(0501

P age 5

R ic h m o n d

NORTH

CAROLINA

D IS T R IC T N O . 5— R IC H M O N D
(C) = CHARLOTTE BRANCH
Supplementary list of all banks which reopened since March 22, 1933, according to advices received through March
29, 1933. This list contains reopened banks “non-par” as well as “par” and therefore does not take the place of the
Federal Reserve System’s par list.

1. Additional member banks licensed to resume banking operations:
LEAKSVILLE
First National Bank

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:




AHOSKIE
Bank of Alioskie

CATAWBA (C)
Peoples Bank

CONOVER (C)
Citizens Bank

HERTFORD
Hertford Banking Company

JEFFERSON (C)
Bank of Ashe

LEAKSVILLE
Leaks ville Bank & Trust Company

MACCLESFIELD
Merchants & Farmers Bank

MANTEO
Bank of Manteo

NEWLAND (C)
Avery County Bank

PILOT MOUNTAIN
Bank of Pilot Mountain

ROANOKE RAPIDS
Roanoke Bank & Trust Company

SEAGROVE
Bank of Seagrove

SPRUCE PINE (C)
Bank of Spruce Pine

SPRAY
Leaksville Bank & Trust Company (Branch)

WAKE FOREST
Durham Loan & Trust Company (Branch)
(W e were advised on M arch 27, 1933, that this branch was
established M arch 1, 1933.)

Reproduced from the Unclassified I Declassified Holdings of the National Archives




DECLASSIFIED
Authority

P age

10501

6

S upplem ent

No. 2

F e d e r a l R e s e r v e Ba n k o f R i c h m o n d

SOUTH

CAROLINA

D IS T R IC T N O . 5—R IC H M O N D
(C) = CHARLOTTE BRANCH
Supplementary list of all banks which reopened since March 22, 1933, according to advices received through March
1933. This list contains reopened banks “non-par” as well as “par” and therefore does not take the place of the
Federal Reserve System’s par list.

29,

1. Additional member banks licensed to resume banking operations:
NONE

2, Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
NONE

3. Additional non-member banks licensed to resume banking operations under restrictions in
addition to those applicable to all banking institutions under executive order of March 10,
1933. This list is based upon best information obtainable:
FAIRFAX
Loan & Exchange Bank (Branch)

(This Branch included in our list of March 22, 1933, as re­
opened without any restrictions, but we are now informed it
is operating under restrictions.)
HAMPTON
Loan & Exchange Bank

(This Bank included in our list of March 22, 1933, as reopened
without any restrictions, but we are now informed it is operat­
ing under restrictions.)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p \ ) .

S upplem ent

N o. 2

(0501

Page

7

F ederal R eserve B a n k o f R i c h m o n d

VIRGINIA
D IS T R IC T N O . 5— R IC H M O N D
Supplementary list of all banks which reopened since March 22, 1933, according to advices received through March
29, 1933. This list contains reopened banks “non^par” as well as “par” and therefore does not take the place of the
Federal Reserve System’s par list.

1. Additional member banks licensed to resume banking operations:
FLINT HILL
First National Bank

RURAL RETREAT
Peoples Bank

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
ROANOKE
Roanoke Banking Company

3. Additional non-member banks licensed to resume banking operations under restrictions in
addition to those applicable to all banking institutions under executive order of March 10,
1933. This list is based upon best information obtainable:




NONE

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

P age 8

a .

(0 5 0 1

S u p p le m e n t

N

F ed era l R eserv e B a n k

WEST

o.

of

2

R

ic h m o n d

VIRGINIA

D IS T R IC T N O . 5—R IC H M O N D
(Except Counties of Brooke, Hancock, Marshall, Ohio, Tyler and Wetzel, in District No. 4)
(B) = BALTIMORE BRANCH
Supplementary list of all banks which reopened since March 22, 1933, according to advices received through March
29, 1933. This list contains reopened banks “non-par” as well as “par” and therefore does not take the place of the
Federal Reserve System’s par list.

1. Additional member banks licensed to resume banking operations:
NONE

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
KERMIT
Kermit State Bank
(T h is bank w as shown in our M arch 15, 1933 list as licensed
without any restrictions and corrected in our March 22, 1933
list as licensed under restrictions. It is now again reported as
being operated without any restrictions.)

3. Additional non-member banks licensed to resume banking operations under restrictions in
addition to those applicable to all banking institutions under executive order of March 10,
1933. This list is based upon best information obtainable:
MILL CREEK (B)
Bank of Mill Creek
(T h is bank reported to us and shown in our M arch 15, 1933 list
of non-member banks licensed without any restrictions, but now
reported licensed and being operated under restrictions.)

C O R R E C T IO N IN O U R M A R C H 22, 1933 L IST




LOST CREEK (B)
Harrison County Bank
(T h is bank included in our list of non-member banks licensed
under restrictions, but w as reported to us in error and there­
fore should not appear in any of our lists.)

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F e d e ra l R e serve Bank
O F RICHMOND

(0501

jB E C 'D in F i u *
I

/jjf% 24 Jl^ 0/

Maroh 29, 1933

To Member Banks
of the Fifth Federal Reserve Bis trio tl
In our oiroular letter of March 18th, we advised our
member 'banks that this ‘
bank and its branches would not receive checks
drawn'on banks that had not "been licensed to reopen or that had been
licensed to reopen under restrictions unless such checks bore on their
faoe a notation to the effect that they were drawn against "Speoial
Accounts’ or "Unrestricted Deposits,® indicating that they were drawn
*
against deposits which were subject to withdrawal in full,
It is probable that the large number of suoh checks,
which were in process of collection at that time, have now been disposed
of in one way or another, and it is less likely that depositors hence­
forth will draw and circulate checks on banks which have not reopened
or which have reopened under restrictions, unless suoh checks are drawn
against special or segregated deposits and will be paid in full,
In order to afford our member banks every reasonable col­
lection facility, the Federal Reserve Bank of Richmond and its Baltimore
and Charlotte branches, commencing Thursday, March 50th, will handle
checks drawn on all par banks, regardless of whether such banks have been
licensed to reopen 100$, upon the express condition that all checks drawn
on banks, which have not yet been licensed to reopen or which have been
licensed to reopen under restrictions or which have been placed in the
hands of conservators or state officers with similar authority, will be
received by us and sent to such banks in cash letters containing the fol­
lowing additional instructions!
•If any item of less than $500 is returned for the
reason *drawn against restricted account,* do not
protest unless the word ‘
Protest* is stamped or
written on the faoe thereof.*1
Member banks should take due notice of these additional
instructions, and, if it is desired that any check of less than |500 on
any such bank be protested, the word "Protest* should be stamped or
written on the faoe of the item.




Very truly yours.

(feo. «T
,
io v o m o r .

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AX ( 0 5 0 1

i

BEC’D IN FILES SECTION

40ND
APR 2 4 19507 \
■ i'x -

>

-

6 -)

March 23, 1933.

REGULATIONS ISSUED BY THE SECRETARY OF THE TREASURY
UNDER THE PRESIDENTS PROCLAMATIONS

To A l l B a n k i n g I n s t it u t io n s
in

th e

F i f t h F e d e r a l R e se r v e D i s t r i c t ;

We are printing below the numbered regulations, official interpretations, and lettered reg­
ulations issued by the Secretary of the Treasury under authority conferred upon him by the
President’s proclamations of March 6 and 9, 1933, declaring and continuing the bank holiday.
With the exception of Regulation 29 and Interpretations No. 12 and No. 13, all of these
.regulations and interpretations have been included in our daily letters of March 6th to 14th and
our letters of March 17th and March 20th, along with certain other announcements and infor­
mation emanating from the Secretary of the Treasury or direct from the President.
The official regulations and interpretations issued by the Secretary of the Treasury to and
including March 23, 1933, are reprinted herein for the information and convenience of all bank­
ing institutions in this district. It is our understanding that the operations of banking institu­
tions which have not been permitted to reopen are still subject to the regulations applicable
thereto.
We will issue supplements to this circular advising you of any further regulations or inter­
pretations issued by the Secretary of the- Treasury*
Very truly yours,

Governor.

NUMBERED REGULATIONS
;

. 1

1. 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, denomi­
nations 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. All banking institutions may allow their customers free access to the safety deposit
boxes and safes rented to such customers.
3. 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 closing of business ihout$ and have not been entered on the books of such banking
institution. <
4. 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 put.




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NUMBERED REGULATIONS (Continued)

5. 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.
(See also Interpretation No. 4)

6. Any banking institution may handle and collect drafts or other documents in connec­
tion 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 judg­
ment of such banking institution in connection with such shipment, transportation or de­
livery 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, pro­
vided, however, that no banking institutions shall pay out or permit the withdrawal of
any gold or gold certificates.
(See also Interpretations Nos. 1 and 6 and Regulation No. 28)

7. Deposits heretofore received by any banking institution pursuant to agreement or legis­

lative 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 de­
posits 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 lim­
itation 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 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 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.
(See also Regulation No. IS and Regulation L )

8. Where settlement for checks charged by drawee institution 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.
9. Any banking institution may deliver to the person entitled thereto properly identified

documents and securities held by such institution for safekeeping.
10. 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 dis­
tress, 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 precaution shall be given 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; (4) no gold or gold cer­
tificates 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.




(See also Interpretations Nos. 2, 5, 7 and 9, and Regulation No. 28)

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NUMBERED REGULATIONS (Continued)
11

.

Any bank having branch in a foreign conntry 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. 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 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 incon­
sistent with the operation of the certificate plan.
(See also Interpretation No. 11)

13.

Any banking institution lawfully engaged in the business of acting as trustee, executor,
administrator, registrar of stocks and bonds, transfer agent, guardian of estates, as­
signee, 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 Sec­
retary of the Treasury, such banking institution shall not pay out or permit the with­
drawal of coin or currency nor withdraw any trust or fiduciary funds on deposit with
any other department of the bank.

14. 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 obliga­
tions of the United States, such as making exchange of denominations, exchanging cou­
pon for registered bonds, and vice versa, receiving registered bonds for transfer and ef­
fecting C P D transactions.
15. The permission granted in Regulation Number 7 that deposits heretofore received by

any banking institution pursuant to agreement or legislative authority providing for seg­
regation and repayment without restriction may be paid on demand, includes any bank
in which any such deposits have been redeposited by or on bahelf of the receiving bank
in accordance with such agreement or legislative authority.
(See also Regulation L )

16. 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 of any subscription 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 checks issued prior

to March 6, 1933, and received in due course of business by the drawee banking insti­
tution, by charging the amounts thereof to the accounts of the drawers and crediting
such amounts to the accounts of such owners on the books of the drawee banking insti­
tution.
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.




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NUMBERED REGULATIONS (Continued)
19. E xcept as otherwise prohibited by law, banking institutions m ay exercise their normal
and usual functions in permitting substitution fo r or release o f collateral held by them,
provided other collateral or cash o f equal or greater value is received in exchange
therefor.

20. A ll F ederal reserve banks and their branches and agencies may open M arch 13, 1933,
and m ay remain open fo r the perform ance o f all usual and normal banking functions ex­
cept as prohibited by the executive order issued b y the President on M arch 10, 1933,
and any further orders or regulations hereafter issued.

21. Banking institutions which are not m em bers o f the Flederal Reserve System or organized
under the laws o f the United States and which are not under the immediate supervision
o f any state authority may, on and after March 13th, 1933, carry on their norm al 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 Secre­
tary o f the Treasury, nor allow withdraw al o f any currency fo r hoarding, nor engage in
any transaction in foreign exchange except such as m ay be undertaken fo r legitimate
and norm al business requirements, fo r reasonable travelling and other personal require­
ments, and fo r fulfillm ent o f contracts entered into prior to M arch 6, 1933.

22. A ll Federal Land Banks, Federal Interm ediate Credit Banks, Joint Stock Land Banks,
Federal Hom e Loan Banks, Corporations organized under Section 25 (A ) o f the Federal
Reserve A ct, Regional Agricultural Credit Corporations and the Reconstruction Finance
Corporation are hereby permitted to open at 9 o ’ clock a. m. M onday, M arch 13, 1933,
to perform their usual banking functions except to the extent prohibited by the execu­
tive order o f the President o f the United States, issued M arch 10, 1933, by Federal or
State law, or as m ay hereafter be limited or prohibited by regulations prom ulgated by
the Secretary o f the Treasury.
This permission, as to each o f the foregoin g banking institutions, may be revoked in
w hole or in part by the Secretary o f 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 o f the United States or to a Federal reserve
bank or a Federal reserve branch bank o f the district in which it is located, all gold
coin, gold bullion and gold certificates ow ned by it, and receive paym ent in credit or in
other form s o f coin or in currency.

23. No banking institution shall permit any w ithdrawal by any person when such institu­
tion, acting in good faith, shall deem that the withdraw al is intended fo r hoarding.
A n y banking institution, before perm itting the withdraw al o f large or unusual amounts
o f currency, m ay require from the person requesting such withdraw al a fu ll statement
under oath o f the purpose fo r which the currency is requested.
(See also Regulation L )

24. A ll banking institutions m ay cash official drafts drawn upon the Secretary o f State fo r
paym ent o f salaries, travelling and other contingent expenses but not fo r personal ac­
count, and remit the amounts th ereof to the banks from w hich the drafts are received,
provided that no gold or gold certificates shall be paid out.

25. Pending the determination by the Treasury Department o f a suitable procedure fo r li­
censing the delivery o f gold fo r use in trade, profession or art, Federal reserve banks
are hereby authorized to deliver, upon request therefor, gold in amounts deem ed by such
bank to be reasonably required fo r legitimate and custom ary uses in trade, profession or
art, provided such request is accom panied by affidavit o f the person requesting such gold
stating the amount o f unm anufactured gold on hand and the facts making it necessary
to obtain such gold fo r the purpose o f maintaining employment. A ll banks licensed to
open fo r usual and normal functions are permitted to carry out any transaction neces­
sary to com plete the delivery o f any gold authorized by any Federal reserve bank to be
delivered in accordance with such request.




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NUMBERED REGULATIONS (Continued)
26. A ll banking institutions m ay 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 fo r dom estic and
foreign patent, tradem ark and design application fees, and in paym ent fo r domestic
and foreign patent and tradem ark taxes and renewals. No gold or gold certificates
shall be paid out, w ithdrawn, or exported under this regulation.

27. A n y state banking institution w hich is a m em ber o f the F ederal Reserve System and
which is not licensed by the Secretary o f the Treasury to reopen fo r the perform ance
o f usual banking functions may, with the approval o f the appropriate state authority
having immediate supervision o f such banking institution, perm it w ithdrawals by de­
positors and make payments to creditors o f such percentage o f the amounts due to them
(not exceeding 5 per cent) as it m ay determine, provided that, at or b efore the time
o f such withdraw al or payment, it shall set aside and make available fo r such purpose a
fund fo r the benefit o f and sufficient to pay to all depositors and creditors the percent­
age so determined.
This regulation shall not in any w ay affect any right created by Regulation No. 7
nor limit or restrict any payment thereby authorized.
A n y right to authorize withdrawals or paym ents under the terms o f this regulation
shall terminate upon the appointm ent o f any conservator, receiver or other appropriate
state official taking charge o f the affairs o f such banking institutions.

28. A fter the close o f business on M arch 18, 1933, Treasury Regulation No. 6 and Treasury
Regulation No. 10, as am ended, shall be without force or effect to authorize any bank­
ing transaction therein referred to.

29. A n y banking institution which is a m em ber o f the Federal Reserve System and is not
licensed to perform usual banking functions m ay rediscount or pledge with another bank­
ing institution renewals o f notes which were previously rediscounted or pledged with
such other banking institution.

OFFICIAL INTERPRETATIONS
No.

1. T he term “ fo o d or feed products” in Regulation No. 6 m ay be interpreted to include
live stock on the w ay to slaughter.
(Refer to Regulation No. 6 )

No.

2. Regulation No. 10 is held to authorize payments on account o f pensions, w orkm en’s
compensation, disability insurance, relief and unemployment.
(R efer to Regulation No. 10)

No.

3. The term “ other corporations, partnerships, associations or persons engaged in the
business o f receiving deposits, m aking loans,” as used in President’s Proclam ation
o f M arch 6th, declaring a bank holiday, is held to include brokers, paw nbrokers, in­
dustrial loan com panies, m ortgage loan companies, chattel loan companies, personal
finance companies, autom obile finance com panies and all other persons, firms and
corporations engaged in the business o f m aking loans o f any kind, secured or un­
secured.
(R efer to President’s Proclam ation.

No.

See also Interpretation No. 10)

4. Regulation No. 5 is not to be interpreted as permitting any banking institution to
accept paym ent o f any obligation not solely ow ned by it in any form which is not
authorized by the person entitled to the proceeds.
(Refer to Regulation No. 5)

No.

5. Regulation No. 10 is interpreted to authorize payments fo r fertilizer and fo r vege­
table and agricultural seeds fo r spring planting, w here such payments are abso­
lutely necessary and where the seed a n d /or fertilizer are fo r immediate use.




(R efer to Regulation No. 10)

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OFFICIAL INTERPRETATIONS (Continued)
No.

6. The term “ fo o d or feed products,” as used in Regulation 6, m ay be construed as
including w hole grain if such grain is intended fo r processing or consum ption in
the immediate future.
(R efer to Regulation No. 6)

No.

7. Release o f funds fo r purchase o f cotton w here absolutely necessary to maintain op ­
eration is interpreted as “ necessary current expenditures fo r the purpose o f main­
taining em ploym ent and fo r other sim ilar essential purposes,” as used in regu la­
tion 10.
(R efer to Regulation No. 10)

No.

8. Secretary o f Treasury advises that cig a r m anufacturing com panies should be re­
ferred to collectors o f internal revenue fo r inform ation regarding purchase o f in­
ternal revenue stamps in connection with cigar m anufacturing.

No.

9. Regulation No. 10 is interpreted to authorize payments fo r nursery stock where
such payments are absolutely necessary to prevent destruction o f stock in transit
on M arch 6, 1933, or prepared fo r and awaiting shipment on M arch 6, 1933, under
bona fide commitments.
(R efer to Regulation No. 10)

No. 10. The term “ M ortgage Loan Com panies,” as used in Interpretation No. 3, is inter­
preted to include all corporations w hose principal business consists o f the invest­
ment in, sale, and purchase o f real estate m ortgages and m ortgage certificates guar­
anteed by such corporations.
(R efer to Interpretation No. 3)

No. 11. Regulation No. 12 is not to be construed as permitting a banking institution, open
fo r normal and usual functions under license o f the Secretary o f the Treasury, to
require depositors to accept clearing house certificates or other evidences o f claims
against assets fo r all or any part o f any withdraw al requested.
(Refer to Regulation No. 12)

No. 12. Regulation No. 27 is interpreted to permit any banking institution acting there­
under to carry on such usual banking functions as m ay be essential to perm it re­
stricted withdrawals and payments authorized by such regulation, subject to all o f
the provisions and restrictions therein contained and except as otherwise prohibited.
(R efer to Regulation No. 27)

No. 13. Regulation No. 28 is held not to prohibit the honoring o f checks or drafts drawn on
or before March 18, 1933 under the terms o f Regulation No. 6 or Regulation No.
10, as amended, subject to all the provisions and restrictions contained in such reg ­
ulations and except as otherwise prohibited.
(Refer to Regulations Nos. 28, 6 and 10).

LETTERED REGULATIONS
A.

Instructions to Treasurer of United States:
Secretary o f Treasury has directed the Treasurer o f the United States during the
continuance o f such bank holiday, unless otherwise directed, to observe the follow in g
instructions:
“ 1. Payments in gold in any form w ill be m ade only under license issued by the
Secretary o f the Treasury. This does not prohibit the deposit o f gold and the usual
paym ent therefor.
“ 2. Pay, as usual, all checks drawn on the Treasurer o f the United States, but not
in gold. W hen requested, you are authorized to ship paper currency, other than gold
certificates, in paym ent o f checks.
“ 3. Continue the usual currency transactions betw een the Treasury and the F ed­
eral reserve banks and branches.”




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LETTERED REGULATIONS (Continued)

B. Transfers of Federal Reserve Banks for Treasurer’s Account:
U pon instructions o f the Treasurer o f the United States, F ederal reserve banks are
authorized to transfer funds to other F ederal reserve banks through the G old Settle­
ment Fund fo r the account o f the Treasurer o f the United States, to make payments to
or receive payments from the Treasurer o f the United States through the G old Settle­
ment Fund, and to m ake such entries in the Treasurer’s General A ccount on the books
o f the F ederal Reserve Bank as the Treasurer o f the United States m ay direct. Trans­
fers o f gold and gold certificates and gold fund credits m ay be m ade between the F ed­
eral reserve banks and their respective F ederal reserve agents.

C. Authorizing Purchase of Gold and Gold Certificates by Federal Reserve Banks:
Secretary o f Treasury has authorized F ederal Reserve Board to advise you that any
Federal reserve bank or branch or agency th ereof m ay purchase gold or gold certifi­
cates and pay therefor any other form o f coin or currency either directly or through
any other Federal reserve bank or branch or agency thereof.

D. Interpreting Term “ Food or Feed Products” :
This regulation w as later designated as “ Interpretation No. 1,” w hich reads as
fo llo w s :
“ The term ‘fo o d or feed products’ in Regulation No. 6 m ay be interpreted to in­
clude live stock on the w ay to slaughter.”

E. Answering Inquiry Whether Pawnbrokers and Brokers are Banking Institutions Within
Meaning of Proclamation:
Secretary o f Treasury has replied affirmatively to an inquiry as to whether paw n­
brokers and brokers making loans on collateral are banking institutions within the mean­
ing o f the term as used in the President’s Proclam ation o f M arch 6, 1933.

F.

Authorizing Federal Reserve Banks to Receive Deposits from Collectors of Public Funds:
A ll F ederal reserve banks are authorized to receive cash from Collectors o f Inter­
nal Revenue, Collectors o f Customs and other Collectors o f Public Funds fo r deposit to
the credit o f the Treasurer o f the United States.

G.

Authorizing Certain Transactions Between Federal Reserve Banks and Member Banks:
Each Federal reserve bank m ay (1 ) make available to its m em ber banks, which
in the judgm ent o f the Federal reserve bank are com plying strictly with the spirit and
purpose as w ell as the letter o f the regulations issued by the Secretary o f the Treasury
pursuant to the President’s proclam ation declaring a bank holiday, such limited amounts
o f coin a n d /or currency (other than gold or gold certificates) as shall be absolutely nec­
essary in order to enable such m em ber banks to exercise the restricted functions permit­
ted by such regulations, (2 ) extend to each such m em ber bank such limited amounts o f
discounts, advancements and accom m odations as shall be absolutely necessary fo r the
exercise o f such restricted functions, and (3 ) make transfers o f credit on its books fo r
such restricted purposes between the accounts o f such mem ber banks a n d /or non-mem­
ber clearing banks which, in the judgm ent o f the F ederal reserve bank, are com plying
strictly with the spirit and purpose as well as the letter o f such regulations: Provided,
how ever, that b efore granting any such discounts, advancements or accom m odations
or making such limited payments o f coin a n d /or currency, the F ederal reserve bank shall
first require the member bank, (a ) to inform the F ederal reserve bank o f the amounts
o f coin and currency which it has on hand, (b ) to inform the Federal reserve bank o f
the circumstances giving rise to the need fo r additional coin a n d /or currency, and (c )
to deliver to the Federal reserve bank in exchange fo r other form s o f coin a n d /or cur­
rency or fo r credit on its books all gold and gold certificates held by such m em ber bank
in its own right.




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LETTERED REGULATIONS (Continued)
H.

Authorizing Federal Reserve Banks to Handle Checks and Collection Items Arising Out
o f Permitted Operations:
Federal reserve banks, in their discretion, are authorized to handle checks and
collection items arising out o f the restricted banking operations perm itted under the reg­
ulations o f the Secretary o f the Treasury when it can reasonably be anticipated that
funds satisfactory to the Federal reserve bank can be provided fo r the paym ent o f such
checks and collection item s: Provided, how ever, that no gold or gold certificates shall
be paid out by such Federal reserve banks.

I.

Authorizing Gold Settlement Fund Settlements Between Federal Reserve Banks:
Each Federal reserve bank is authorized to settle through the G old Settlement Fund
with each other F ederal reserve bank fo r all transactions which are permitted under the
regulations o f the Secretary o f the Treasury.

J.

Handling by Federal Reserve Banks o f Collateral Securing Deposit o f Public Moneys of
the United States:
A ll Federal reserve banks are authorized to continue their usual and normal fu n c­
tions pertaining to the handling o f collateral securing the deposit o f the public moneys
o f the United States, as provided in Treasury Circular 92, as am ended and revised.

K.

Authorizing Federal Reserve Banks to Make Entries Involving Foreign Accounts:
The Secretary of the Treasury authorizes A N Y FEDERAL RESERVE B AN K , at its
discretion, within the limitations o f the F ederal Reserve A ct and the regulations o f the
Federal Reserve Board thereunder, (1 ) to m ake transfers o f credit on its books b e­
tw een foreign current accounts, (2 ) to m ake transfers on its books o f bills and securities
between foreign accounts, (3 ) to m ake transfers o f earm arked gold from one foreign cus­
tod y account to another, (4 ) to receive gold w hich is released from earmark fo r foreign
account, provided that the proceeds th ereof are credited on its books in dollars, (5 ) to
make transfers on its books from foreign current accounts to the accounts o f m ember
banks a n d /or non-mem ber clearing banks, (6 ) to receive payments in dollars or gold or
any other form acceptable to it on account of, or in settlement of, obligations due it from
foreign correspondents, and (7 ) to credit on its books to foreign current accounts
United States currency or gold deposited with it. Unless otherwise ordered by the Sec­
retary o f the Treasury, no such transactions shall involve the export or paying out o f
any gold or silver coin or bullion or currency, the transfer o f credit from the United
States to any place abroad, or an increase in the total amount o f gold held by such
Federal reserve bank under earmark fo r foreign account.

L.

Withdrawal in Full o f Special, Segregated, or Trust Deposits Not to be Questioned:
Deposits o f the kinds described in Regulations Number 7 and Number 15 are not
subject to the provisions o f Regulation Num ber 23.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p d .

10501

P IN FILES gprvri

-M 950

Federal Reserve Ban
of Richmond




Supplementary List
Of all banks in the Fifth Federal Re­
serve District which have reopened
since March 15, 1933, according to
advices received through March 22,
1933. Our lists contain , all reported
reopened banks “non-par” as well as
“par” and therefore do not take the
place of the Federal Reserve System’s
par list.

Supplementary List No. 1
ISSU ED A S O F C L O SE O F BUSINESS
W E D N E S D A Y , M A R C H 22, 1933

Temporarily, Supplementary lists will be issued as of close
of business each Wednesday

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

S
F

ederal

R

No. 1

upplem ent
eserve

A) ♦ (0 3 0 |

Bank

of

P age

3

R ic h m o n d

DISTRICT

OF C O L U M B I A

D IS T R IC T N O . S—R IC H M O N D
Supplementary list of all banks which reopened since March 15, 1933, according to advices received through March
22, 1933. This list contains reopened banks “non-par” as well as “par” and therefore does not take the place of the
Federal Reserve System’s par list.

1. Additional member banks licensed to resume banking operations:
NONE

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
IQ, 1933. This list is based upon best information obtainable:
NONE

3. Additional non-member banks licensed to resume banking operations under restrictions in
addition to those applicable to all banking institutions under executive order of March 10,
1933. This list is based upon best information obtainable:




NONE

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p x ) .

P age

A

<0601

S u p p l e m e n t N o. 1
F e d e r a l R eserve B a n k

of

R

ic h m o n d

MARYLAND
D IS T R IC T N O . 5—R IC H M O N D (B A L T IM O R E B R A N C H )
Supplementary list of all banks which reopened since March 15, 1933, according to advices received through March
22, 1933. This list contains reopened banks “non-par” as well as “par” and therefore does not take the place of the
Federal Reserve System’s par list.

1. Additional member banks licensed to resume banking operations:
NONE

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:




BERLIN
Exchange & Savings Bank

BOWIE
Bank of Bowie

(This bank formerly reported to us reopened under restric­
tions now advised reopened without any restrictions.)
CUMBERLAND
Peoples Bank
(This bank formerly reported to us reopened under restric­
tions now advised reopened ‘without any restrictions.)
JEFFERSON
Commercial Bank of Maryland (Branch)

(This Branch included in our list of March IS, 1933, as
reopened under restrictions, but should have been shown
reopened ‘without any restrictions.)
MT. AIRY
Commercial Bank of Maryland (Branch)

(This Branch included in our list of March 15, 1933, as
reopened under restrictions, but should have been shown
reopened without any restrictions.)
RIDGELEY
Peoples Bank (Branch)

(This Branch included in our list of March 15, 1933, as
reopened under restrictions, but should have been shown
reopened without any restrictions.)
ROCK HALL
Peoples Bank (Branch)

(The word “Branch” was omitted from our list of March 15
1933.)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

a).

10501

S u p p l e m e n t N o. 1
F ederal R

Bank

eserv e

of

Page 5

R

ic h m o n d

M A R Y L A N D—Continued
3. Additional non-member banks licensed to resume banking operations under restrictions in
addition to those applicable to all banking institutions under executive order of March 10,
1933. This list is based upon best information obtainable:




BALTIMORE
Baltimore Commercial Bank
Baltimore Trust Company
Mercantile Savings Bank
Union Trust Company
-

BERLIN
C. B. Taylor Banking Company
ELKTON
Peoples Bank
EMMITSBURG
Farmers State Bank
ST. MICHAELS
St. Michaels Bank
SEAT PLEASANT
Southern Maryland Trust Company
TRAPPE
Farmers & Merchants Bank (Branch)
(T h e word “Branch” w as omitted from our list of M arch IS,
1933.)

Reproduced from the Unclassified I Declassified Holdings of the National Archives




DECLASSIFIED
Authority

A)* 10 5 0 1

S u p p le m e n t

P age 6

No.

1

F e d e r a l R e se rv e B a n k o f R ic h m o n d

NORTH

CAROLINA

D IS T R IC T NO. 5—RIC H M O N D
(C) = C H A R L O T T E B R A N C H
Supplementary list of all banks which reopened since March 15, 1933, according to advices received through March
22, 1933. This list contains reopened banks “non-par” as well as “par” and therefore does not take the place of die
Federal Reserve System’s par list.

1. Additional member banks licensed to resume banking operations:
ED EN TO N

Bank of Edenton

2. Additional non-member banks licensed to resume banking operations without any restrict
Hons other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
ANSONV1LLB
Bank of Anson

CARRBORO
Bank of Chapel Hill (Branch)

ASHEVILLE (C)
Morris Plan Bank

CLIFFSIDE (C)
Haynes Bank

AURORA
Bank of Aurora

COLERIDGE
Bank of Coleridge

BAKERSVILLE (C)
Merchants & Farmers Bank

COOLEEMEE
Bank of Cooleemee

BANNERS ELK (C)
Banner Elk Bank

CORNELIUS (C)
Bank of Cornelius

BELMONT (C)
Bank of Belmont

DAVIDSON (C)
Bank of Davidson

BESSEMER CITY (C)
Bessemer City Bank

DENTON
Carolina Bank & Trust Company

BISCOE
Bank of Biscoe

DOBSON
Surry County Loan & Trust Company

BLACK M O U N TAIN (C)
Bank of Black Mountain

DRAPER
Bank of Draper

BLADENBORO
Bank of Bladenboro

DU NN
Commercial Bank

BLOWING ROCK (C)
Bank of Blowing Rock

EAST BEND
Yadkin Valley Bank

BOSTIC (C)
Bostic Bank

ELIZABETH CITY
Industrial Bank

BREVARD (C)
Transylvania Trust Company

ELIZABETHTOW N
Bank of Elizabethtown

BURLINGTON
Hood System Industrial Bank

ENFIELD
Bank of Enfield

CANDOR
Bank of Candor

FAIR BLUFF
Farmers & Merchants Bank

CHARLOTTE (C)
City Industrial Bank
Citizens Savings & Loan Company
Industrial Loan & Investment Bank
Morris Plan Bank

FARM VILLE
Bank of Farmville
FAYETTEVILLE
Caledonian Savings & Trust Company

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p X ) ♦ (0 S O j

S upplem ent

No. 1

F ed er al R eserve B a n k

of

R

P age 7
ic h m o n d

NORTH

C A R O L I N A —Continued

2. Additional non-member banks licensed without any restrictions (continued):
GIBSON
Bank of Gibson

GRANITE FALLS (C)
Bank of Granite

GRANITE QUARRY (C)
Farmers & Merchants Bank

GREENSBORO
Home Industrial Bank

HALIFAX
Bank of Halifax

HAMILTON
Bank of Hamilton

HENDERSON
Citizens Bank & Trust Company
''Industrial Bank of Henderson

HENDERSONVILLE (C)
State Trust Company

HIGH POINT
High Point Savings & Trust Company
Hood System Industrial Bank

HILLSBORO
Bank of Orange

HOBBSVILLE
Bank of Hobbsville

HOT SPRINGS (C)
Citizens Bank (Branch)

JACKSON
Bank of Northampton

KERNERSVILLE
Bank of Kernersville

LANDIS (C)
Merchants & Farmers Bank

LEAKSVILLE
Hood System Industrial Bank (Branch)

LENOIR (C)
Bank of Lenoir
Lenoir Industrial Bank

LEXINGTON
Industrial Bank of Lexington

LILLINGTON
Bank of Lillington

LUCAMA
The Lucama Bank

MADISON
Bank of Madison




MARION (C)
Marion Industrial Bank

MARSHALL (C)
Bank of French Broad
Citizens Bank

MARSHVILLE (C)
Mutual Bank & Trust Company

MATTHEWS (C)
Bank of Matthews

MAYODAN
Bank of Mayodan

MORVEN
Bank of Morven

MOYOCK
Bank of Currituck

NEW BERN
New Bern Morris Plan Company

NEWTON (C)
Farmers & Merchants Bank

NORTH WILKESBORO (C)
Deposit & Savings Bank

PEACHLAND
Bank of Peachland

PEMBROKE
Bank of Pembroke

RALEIGH
Wake County Savings Bank

RANDLEMAN
Peoples Bank

RED SPRINGS
Bank of Red Springs

ROANOKE RAPIDS
Citizens Bank & Trust Company

ROCKWELL (C)
Bank of Rockwell

ROWLAND
Bank of Rowland

ROXBORO
Hood System Industrial Bank (Branch)

ROXOBEL
Roanoke-Chowan Bank

RURAL HALL
Commercial & Farmers Bank

SALISBURY (C)
Salisbury Morris Plan Company

SEABOARD
Farmers Bank

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

P age

a .

I0 5 Q I

8

S upplem ent
F ederal R

NORTH

eserv e

No. 1

Bank

of

R

ic h m o n d

C A R O L I N A —Continued

2. Additional non-member banks licensed without any restrictions (continued):
SOUTHERN PINES
Citizens Bank & Trust Company

WALNUT COVE
State Planters Bank

SPARTA (C)
Bank of Sparta

WARRENTON
Citizens Bank

STANTONSBURG
Planters Bank

WAXHAW (C)
Waxhaw Banking & Trust Company
WENDELL
Bank of Wendell

STATESVILLE (C)
''Merchants & Farmers Bank
Peoples Loan & Savings Bank
Statesville Industrial Bank

WINGATE (C)
State Bank of Wingate

TABOR
Farmers & Merchants Bank

WOODLAND
The Farmers Bank

WADESBORO
Bank of Wadesboro

Y AN CEYVILLE
Bank of Yanceville

3. Additional non-member banks licensed to resume banking operations under restrictions in
addition to those applicable to all banking institutions under executive order of March 10,
1933. This list is based upon best information obtainable:




(Information not available as of date of this
supplement, March 22, 1933.)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

S u p p le m e n t
F

ederal

R

eserve

Bank

N o. 1
of

R

10501

’

Page

9

ic h m o n d

SOUTH

CAROLINA

D IS T R IC T N O . 5—R IC H M O N D
(C) = CHARLOTTE BRANCH
Supplementary list of all banks which reopened since March 15, 1933, according to advices received through March
22, 1933. This list contains reopened banks “non-par” as well as “par” and therefore does not take the place of the
Federal Reserve System’s par list.

1. Additional member banks licensed to resume banking operations:
NONE

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
ABBEVILLE (C)
Bank of Abbeville

CHESNEE (C)
Chesnee Cash Depository

AIKEN (C)
Farmers & Merchants Bank

CHESTER (C)
White Bank

ALLENDALE
Allendale Cash Depository

CHESTERFIELD
Bank of Chesterfield

ANDERSON (C)
South Carolina State Bank (Branch)

CLEMSON COLLEGE (C)
Fort Hill Depository

BAMBERG
South Carolina State Bank (Branch)
BARNWELL
Bank of Barnwell

CLINTON (C)
M. S. Bailey & Son, Bankers

BATESBURG (C)
Batesburg Cash Depository
BEAUFORT
Peoples Bank

CLOVER (C)
Bank of Clover
COLUMBIA (C)
Homestead Bank
Lower Main Street Bank
South Carolina State Bank (Branch)

BELTON (C)
Farmers Bank
South Carolina State Bank (Branch)
BENNETTSVILLE
Bank of Marlboro
Marlboro Trust Company
BETHUNE
Merchants & Farmers Bank
BLACKVILLE
Bank of Blackville
CAMERON
Bank of Cameron
CHARLESTON
Charleston Mutual Savings Bank
Citizens & Southern Bank of South Carolina
South Carolina State Bank
Miners & Merchants Bank
CHERAW
South Carolina State Bank (Branch)




CLIO
Clio Depository

CONWAY
Conway Savings Bank
COPE
Bank of Cope
DARLINGTON
Citizens Bank
DILLON
South Carolina State Bank (Branch)
DONALDS (C)
Peoples Bank
DUNCAN (C)
Peoples Bank
EHRHARDT
Carolina Cash Depository
ELLENTON (C)
Ellenton Cash Depository
ELLOREE
South Carolina State Bank (Branch)

Reproduced from the

Unclassified I Declassified Holdings of the National Archives




DECLASSIFIED
Authority ^ 0 j 0 5 0 j _

P age

10

S u p p l e m e n t N o. 1
F e d e r a l R e s e r v e B a n k o f R ic h m o n i

SOUTH

C A R O L I N A —Continued

2. Additional non-member banks licensed without any restrictions (continued):
ESTILL
Estill Exchange Depository
FAIRFAX
Loan & Exchange Bank (Branch)
FLORENCE
Carolina Cash Depository,, Inc.
Guaranty Bank & Trust Company
South Carolina State Bank (Branch)
FORTMILL (C)
Savings Bank of Fort Mill
FOUNTAIN INN (C)
South Carolina State Bank (Branch)
GEORGETOWN
Georgetown Cash Depository
GREAT FALLS (C)
Bank of Great Falls
GREENVILLE (C)
Piedmont Savings & Trust Company
GREENWOOD (C)
Bank of Greenwood
HAMPTON
Loan & Exchange Bank
HARTSVILLE
Peoples Bank
HEATH SPRINGS (C)
Bank of Heath Springs
HODGES (C)
Bank of Hodges
HONEA PATH (C)
Bank of Ware Shoals (Branch)
JOHNSTON (C)
Johnston Cash Depository
JONESVILLE (C)
Bank of Jonesville
KERSHAW
•
Bank of Kershaw
KINGSTREE
Exchange Bank
LAKE CITY
Lake City Depository, Inc.
LAKE VIEW
Depository of Lake View
LANCASTER (C)
Bank of Lancaster
LANDRUM (C)
Mutual Bank
LATTA
Latta Depository

LAURENS (C)
Palmetto Bank
LEESVILLE (C)
South Carolina State Bank (Branch)
LORIS
Farmers Bank
MANNING
Clarendon Cash Depository
MARION
Citizens Bank
McCOLL
Citizens Depository, Inc.
McCORMICK (C)
Peoples Bank
MEGGETT
Exchange Bank
MONCKS CORNER
Connor & Wiggins Depository, Inc.
MULLINS
Anderson Brothers Bankers, Inc.
NEWBERRY (C)
South Carolina State Bank (Branch)
NINETY-SIX (C)
Bank of Greenwood (Branch)
NORTH CHARLESTON
Port City Bank
NORTH
State Bank of North
PACOLET (C)
Employees Savings Bank
PAGELAND
Peoples Bank & Trust Company
PELZER (C)
South Carolina State Bank (Branch)
PICKENS (C)
South Carolina State Bank (Branch)
RIDGELAND
Bank of Ridgeland
RIDGEWAY (C)
Bank of Ridgeway
ST. GEORGE
St. George Depository
ST. MATTHEWS
South Carolina State Bank (Branch)
SALLEY (C)
Salley Cash Depository
SALUDA (C)
Saluda County Bank

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

S u p p le m e n t

px).

(0501

No. 1

P a g e 11

F e d e r a l R e se r v e B a n k o f R ic h m o n d

SOUTH

C A R O L I N A —Continued

2. Additional non-member banks licensed without any restrictions (continued):
SENECA (C)
South Carolina State Bank (Branch)
SUMTER
South Carolina State Bank (Branch)
TIMMONSVILLE
Pee Dee State Bank
TRENTON (C)
Bank of Trenton
WAGENER (C) ~
Iodine State Bank
WALHALLA (C)
Bank of Walhalla
WALTERBORO
Bank of Walterboro
Farmers & Merchants Bank

WARD (C)
Bank of Ward
WARE SHOALS (C)
Bank of Ware Shoals
WHITMIRE (C)
American Bank
WILLIAMSTON (C)
South Carolina State Bank (Branch)
WILLISTON
Bank of Williston
WINNSBORO (C)
Bank of Fairfield
Merchants & Planters Bank
YEMASSEE
Bank of Yemassee

3. Additional non-member banks licensed to resume banking operations under restrictions in
addition to those applicable to all banking institutions under executive order of March 10,
1933. This list is based upon best information obtainable:
COLUMBIA (C)
Central Union Bank of South Carolina

ROCK HILL (C)
Central Union Bank of South Carolina (Branch)

DUE WEST (C)
Central Union Bank of South Carolina (Branch)

SIMPSONVILLE
Farmers Bank

GREENWOOD (C)
Central Union Bank of South Carolina (Branch)

YORK (C)
Central Union Bank of South Carolina (Branch)




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

p\). (0501

P a g e 12

S u p p l e m e n t N o. 1
F ederal R

eserve

B ank

of

R

ic h m o n d

VIRGINIA
D IS T R IC T N O . 5—R IC H M O N D
Supplementary list of all banks which reopened since March 15, 1933, according to advices received through March
22, 1933. This list contains reopened banks “non-par” as well as “par” and therefore does not take the place of the
Federal Reserve System’s par list.

1. Additional member banks licensed to resume banking operations:
DANVILLE
American National Bank & Trust Company

GALAX
Peoples State Bank, Inc.

NEWPORT NEWS
First National Bank

WYTHEVILLE
Wythe County National Bank

YORKTOWN
First National Bank

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:




BURKEVILLE
Farmers & Merchants Bank
(T h is bank formerly reported to us reopened under restrictions
now advised reopened without any restrictions.)

CASTLEWOOD
Merchants & Farmers Bank

CLEVELAND
Bank of Russell County

CRAIGSVILLE
Bank of Craigsville

CRITZ
Bank of Critz

GORE
Western Frederick Bank

GROTTOES
Bank of Grottoes

HAMPTON
Bank of Hampton

MASSIE’S MILL
DePriest Bank

McKENNEY
Bank of Dinwiddie

NATURAL BRIDGE
Bank of Natural Bridge
(T h is bank formerly reported to us reopened under restrictions
now advised reopened without any restrictions.)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ A )» ( 0 S O 1

S u pplem ent
F ederal R

eserve

Bank

No. 1
of

R

P age

13

ic h m o n d

V I R G I N I A —Continued
2. Additional non-member banks licensed without any restrictions (continued):
NEWPORT NEWS
Crown Savings Bank

NOKESVILLE
Bank of Nokesville

PRINCE GEORGE
Prince George County Bank

RADFORD
Peoples Bank of Radford

RAPIDAN
State Bank of Rapidan

ROANOKE
Mountain Trust Bank

(This was shown in our March 15, 1933 list as “Mountain Trust
Company,” due to an error in printing.)

3. Additional non-member banks licensed to resume banking operations under restrictions in
addition to those applicable to all banking institutions under executive order of March 10,
1933. This list is based upon best information obtainable:
ARLINGTON
Peoples State Bank (Branch)

(This branch included in our list of March 15, 1933, as reopened
without any restrictions, but should have been shown reopened
under restrictions.)

BALLSTON
Peoples State Bank (Branch)

(This branch included in our list of March 15, 1933, as reopened
without any restrictions, but should have been shown reopened
under restrictions.)

CLAREMONT
Peoples State Bank of Claremont

POCAHONTAS
Bank of Pocahontas

WAVERLY
Bank of Waverly

C O R R E C T IO N IN O U R M A R C H 15, 1933 LIST




ROANOKE
Roanoke Banking Company

(This bank included in our list of non-member banks licensed
without any restrictions, but was reported to us in error and
therefore should not appear in any of our lists.)
WACHAPREAGUE
Wachapreague Banking Company

(This bank included in our list of non-member banks licensed
without any restrictions, but was reported to us in error and
therefore should not appear in any of ouf lists.)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

P age

px).

14

(0501

S upplem ent
F ederal R

WEST

eserve

No. 1

Bank

of

R

ic h m o n d

VIRGINIA

D I S T R I C T N O . 5— R I C H M O N D
(Except Counties of Brooke, Hancock, Marshall, Ohio, Tyler and Wetzel, in District No. 4)
(B) = BALTIMORE BRANCH
Supplementary list of all banks which reopened since March 15, 1933, according to advices received through March
22, 1933. This list contains reopened banks “non-par” as well as “par” and therefore does not take the place of the
Federal Reserve System’s par list.

1. Additional member banks licensed to resume banking operations:
DAVIS (5) (B)
National Bank of Davis

PARKERSBURG (5) (B)
Peoples National Bank

2. Additional non-member banks licensed to resume banking operations without any restric­
tions other than those applicable to all banking institutions under executive order of March
10, 1933. This list is based upon best information obtainable:
NONE

3. Additional non-member banks licensed to resume banking operations under restrictions in
addition to those applicable to all banking institutions under executive order of March 10,
1933. This list is based upon best information obtainable:




BERKELEY SPRINGS (5) (B)
Bank of Berkley Springs

(This bank reported to us and shown in our March 15, 1933 list
of non-member banks licensed without any restrictions, but now
reported licensed and being operated under restrictions.)
BRAMWELL (5)
Bank of Bramwell

(This bank reported to us and shown in our March 15, 1933 list
of non-member banks licensed without any restrictions, but now
reported licensed and being operated under restrictions.)
CHARLESTON (5)
Charleston Trust Company

(This bank reported to us and shown in our March 15, 1933 list
of non-member banks licensed without any restrictions, but now
reported licensed and being operated under restrictions.)
Peoples Exchange Bank

(This bank reported to us and shown in our March 15, 1933 list
of non-member banks licensed without any restrictions, but now
reported licensed and being operated under restrictions.)
GASSAWAY (5) (B)
Bank of Gassaway

(This bank reported to us and shown in our March 15, 1933 list
of non-member banks licensed without any restrictions, but now
reported licensed and being operated under restrictions.)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

______ _______

DECLASSIFIED
Authority p x ) .

(0501

S u p p l e m e n t N o. 1
F

ederal

R

eserv e

Bank

of

R

P a g e 15

ic h m o n d

WEST

V I R G I N I A —Continued

3. Additional non-member banks licensed under restrictions (continued):




JUNIOR (5) (B)
Merchants & Miners Bank

(This bank reported to us and shown in our March 15, 1933 list
of non-member banks licensed without any restrictions, but now
reported licensed and being operated under restrictions.)
KERMIT (5)
Kermit State Bank

(This bank reported to us and shown in our March 15, 1933 list
of non-member banks licensed without any restrictions, but now
reported licensed and being operated under restrictions.)
LOST CREEK (5) (B)
Harrison County Bank

(This bank reported to us and shown in our March 15, 1933 list
of non-member banks licensed ‘without any restrictions, but now
reported licensed and being operated under restrictions.)
M AN (5)
Merchants & Miners Bank

(This bank reported to us and shown in our March 15, 1933 list
of non-member banks licensed without any restrictions, but now
reported licensed and being operated under restrictions.)
SHEPHERDSTOWN (5) (B)
Farmers Bank

(This bank reported to us and shown in our March 15, 1933 list
of non-member banks licensed without any restrictions, but now
reported licensed and being operated under restrictions.)
Jefferson Security Bank

(This bank reported to us and shown in our March 15, 1933 list
of non-member banks licensed without any restrictions, but now
reported licensed and being operated under restrictions.)
W A Y N E (5)
Wayne County Bank

(This bank reported to us and shown in our March 15, 1933 list
of non-member banks licensed without any restrictions, but now
reported licensed and being operated under restrictions.)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

pd. ( 0 5 0 1

M IS C 124

F ed er al Reser v e Bank
of

Maroh 8 0 , 19 3 3

R ic h m o n d

KEC’D IN PILES SECTION]
To All Banking Institutions and others
Engaging in foreign Exchange Transactions
in the lifth federal Reserve Distriotj

cj .

APR

-7 1 5 ,
90
p

rn—J —Lmm, *

/ VA

K*"!' )

i
:
<

The federal Beserve Bank of Richmond has been instructed by the Executive
Order of March 10, 1933, and subsequent Treasury regulations to keep itself current­
ly informed as to foreign exchange transactions entered into or consummated within
this district. The Executive Order of March 10, 1933, provides in part as follows*
“Until further order? no individual, partnership,
association, or corporation, including any banking
institution, shall export or otherwise remove or per­
mit to be withdrawn from the United States or any
place subjeot 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.
wNo 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 re­
quirements, for reasonable traveling and other per­
sonal requirements, and for the fulfillment of con­
tracts entered into prior to March 6, 1933.**
You will note that this order prohibits all transactions in foreign
exchange except those undertaken (a) for legitimate and normal business require­
ments or (b) for reasonable traveling and other personal requirements and (c)
for the fulfillment of contracts entered into prior to March 6, 1933. The
purpose of this order is to prevent savings or investment in a foreign country
without obstructing normal business transactions.
In order that the [Federal Reserve Bank of Richmond may keep itself in­
formed as to the foreign exchange transactions entered into or consummated with­
in the Fifth Pederal Reserve District, all individuals, corporations and partner­
ships. including all banking institutions transacting a foreign exchange business
in this Distriot, are required*




1.

To obtain from each person* to whom they sell foreign
exchange, directly or indirectly, a written declara­
tion signed by such person* describing the purpose for
which the foreign exchange is purchased and certifying
that the transaction in no way violates the Act of
Maroh 9, 1933 or the Executive Order of March 10, 1933,
or any regulation issued thereunder; and

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

-

p ,1).

(05Q[

2-

2.
To file with the Federal Reserve Bank of Richmond immediately
upon receipt of this circular a written report showing the foreign exchange
position of such individual, partnership or corporation, and
3.
In case of individuals, partnerships and corporations having daily
transactions in foreign exchange, to file a daily report; in case of only occasional
or periodio transactions, reports should " e made weekly. All reports should show
b
the foreign exchange position as of the date of the report.
Reports should he classified by currencies and should show the amounts in dollars.
UNTIL FURTHER ORDER, ONLY INDIVIDUALS, PARTNERSHIPS OR CORPORATIONS
DEALING IN FOREIGN EXCHANGE WHO CARRY THEIR OWN ACCOUNTS ABROAD OR WHO CARRY
ACCOUNTS OH THEIR BOOKS FOR FOREIGNERS, ARE REQUIRED TO MAKE SUCH REPORTS.
The Executive Order of March 10 permits foreign exchange transfer for
fulfillment of contracts entered into prior to March 6, 1933. Every individual,
partnership or corporation dealing in foreign exchange in this District is directed
to forward to the Federal Reserve Bank of Richmond a detailed list of all foreign
exohange contracts entered into prior to March 6, 1933 for the delivery of foreign
exchange after that date. Contracts should " e classified " y currencies and should
b
b
show the maturity of each contract. The Federal Reserve Bank of Richmond is to be
notified in writing immediately as such contracts are fulfilled.
In case of doubt as to whether a particular foreign exchange transaction
comes within the terms of the Act of March 9, 1933, the Executive Order of March 10,
1933, and the regulations issued thereunder, the question should be submitted to the
Federal Reserve Bank of Richmond. The term "foreign exchange1 as used in this cir­
1
cular means checks, drafts, bills of exchange, cable transfers or any form of nego­
tiable or assignable instrument or order, used: (a) to transfer, credit, or to
order 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.
Form of certificate to be executed by all persons to whom transfers of
foreign currency are being made, is enclosed herewith. The person dealing in for­
eign exchange may prepare duplicates of the enclosed certificate or may prepare a
different form of certificate in which the transaction is described in detail. Suoh
forms must in all cases contain the certificate that the exchange transaction is for
one of the purposes enumerated above.
Suoh certificate reciting the purpose for which the foreign exchange is re­
quired need not be executed by the purchaser in cases involving transactions under
$100 in amount. A seller in reporting these transactions to the Federal Reserve
Bank should, however, certify that in his opinion they were usual and normal trans­
actions. In case the small transactions should assume abnormal volume, the certif­
icate should then be required from all purchasers. As to transactions involving
more than $100 and less than $1000 the certificate showing the purposes for which
the exchange is required must in all cases be executed by the purohaser. As to




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p <1). ( 0 5 0 1

-3 the transactions involving more than $1000 a detailed written explanation of the
purpose for which the exchange is required must be executed by the purchaser, and
if the purchase is made in connection with a commercial transaction the contraot
which gives rise to the need for the exchange should t e exhibited to the seller
o
and if possible a copy filed for future reference.
Checks or drafts for dollars which the "bank or other seller of exchange has
reason to believe are to he used to build up dollar balances for foreigners, should
be treated in accordance with the rules outlined above as the purpose of the Pres­
ident’s proclamation is primarily to prevent a flight of capital and to preserve
the normal balance of exchange transactions.
Very truly yours,

*
The word person as used in this circular refers to any individual,
partnership, association or corporation, including all banking institutions.




Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

AX ( Q S O j

Date_______________

FOREIGN EXCHANGE CERTIFICATE

THE UNDERSIGNED CERTIFIES that foreign exchange
o n _____________ ____ in amount o f _________ ________________
Country
Dollars
purchased this day, is for:
*(a)

legitimate or normal business requirementsj

*Cb)

traveling or other personal requirements}

*(c)

for the fulfillment of exchange contracts
entered into prior to March 6, 1933}

that the transaction is not for the purchase of savings or invest­
ments in a foreign country or for speculation, and that the trans­
action in no way contravenes the Act of March 9, 1933, the Executive
Order of Maroh 10, 1933, or any regulation issued thereunder.

BY___ _

*

Mark with check the purpose for
which the exchange was purchased.

REFERENCE:




M.O. HO.
DRAFT NO.
CABLE NO.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ A)*

<0501

M IS C 124

F ed er al Re ser v e Bank
of

RICHMOND
W W vM

To All Banking Institutions
in tl Pifth Pederal Reserve District:
ie

s e c t io n

'

A R - 7 195
P

6
im JLm m m m m m m m
m m m m m m m iu m
'i 'i h -

'll'o o h t t

l
,
following our daily letters of March 6th to 14 th, in c l u s i v e , ana
our letter of March. 17th, in which there was quoted the text of fifty-six telegrams
received by this hank reporting regulations or announcements by the Secretary of
the Treasury, there is quoted "below the text of four additional telegrams received
either from the Pederal Reserve Board or direct from the Secretary of the Treasury
up to the present writing - that is, three p. m«, March 20th:

(57)

BThe President has today issued the following executive orderi♦Whenever the appropriate authority having immediate supervision of any
hanking institution located in any state or place subject to the jurisidiotion
of the United States, which is a member of the Pederal Reserve System and
irhich 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
oonserve the assets of such hanking 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 he authorized under such laws to oonserve the
assets of such hanking 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 per­
formance 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.♦«

(58)

HUnder authority conferred upon him by the Presidents Proclamations of
March 6, 1933 and of March 9, 1933, declaring and continuing a bank holiday,
and the executive order of March 10, 1933, the Seoretary of the Treasury h j t
ai
issued the following regulation - Designated as Regulation Ho, 27j♦Any state banking institution which is a member of the Pederal 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 appropri­
ate state authority having immediate supervision of such banking institution,
permit withdrawals by depositors and make payments to creditors of suoh per­
centage of the amounts due to them (not exceeding 5 per oent) 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 deter­
mined,
♦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 regu­
lation shall terminate upon the appointment of any conservator, receiver or
other appropriate state official taking charge of the affairs of such banking
institutions. **
■
(Hote) Regulation No. 7, referred to above, was designated
*
\
A
in our letter of March 7th as (7).




Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

10501

-2

(59)

"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 the following regulations’Deposits of the kinds described in Regulations Humber 7 and Number 15 are
not subjeot to the provisions of Regulation Humber 23,1 This regulation des­
ignated L."
(Note)
Regulation Number 7, referred to above, was
designated in our letter of March 7th as (7).
Regulation Humber 15, referred to above, was
designated in our letter of March 8th as (S3).
Regulation Humber 23, referred to above, was
designated in our letter of March 13th as (47).

(60)

"Under authority conferred upon him by the President’s Proclamations of
March 6, 1933 and of March 9, 1933, declaring and continuing a bank holiday,
the Secretary of the Treasury has issued the following regulation:
’
After the close of business on March 18, 1933, Treasury Regulation Ho. 6
and Treasury Regulation Ho. 10, as amended, shall be without force or effect
to authorize any banking transaction therein referred to.’
Designated as Regulation Ho. 28.”
(Hote)
Regulation Ho. 6, referred to above, was
designated in our letter of March 6th as (5).
Regulation Ho. 10, referred to above, was
designated in our letter of March 7th as (11).
Further regulations and announcements as issued will follow.




Very truly yours,

Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

pd.

10501

g % s , &
F ed eral Reser v e Bank
of

R ic h m o n d

HarojaeJ A 1 2 2 & l

EEC'D IN PILES SECTION

,, A R 24 1 9 5 / ^
P

To Member Banks
of the Fifth Federal Reserve District:

yp — c
e. e

In our circular letter of March 4, 1933, we outlined the policy which
would be followed by the Federal Reserve Banlc of Richmond and its Baltimore and
Charlotte branches with respect to clearings, collections, transfers, etc.,
because of the ’bank holidays1 that had been declared in various states and the
’
1
restrictions that had been imposed upon the payment of deposits by banks in
various localities. Since the date of that circular letter, as you know, the
President of the United States issued his proclamations of March 6th and 9th, and
a large number of banks throughout the United States have been licensed to resume
normal banking functions. The purpose of this circular letter is to advise our
member banks that, in view of the changed conditions, we have amended our policy
and requirements set forth in our circular of March 4th as followsi
CHECKS M B OTHER CASH ITEMS
Cheoks and other cash items drawn upon par banks that have been licensed
to reopen 100$ will be received by this bank and its Baltimore and Charlotte
branches for credit on dates of availability in accordance with the provisions
of our published time schedules.
Checks drawn on par banks that have not been licensed to reopen or
that have been licensed to reopen under restrictions will not be received by this
bank or its branches unless such checks bear on their f0.ce a notation to the effect
that they are drawn against "Special Accounts” or "Unrestricted Deposits", indi­
cating that they are drawn against deposits made subsequent to the Presidents
proclamation, subject to withdrawal in full. Any checks received by this bank or
its branches drawn on banks which have not been licensed to reopen or which hare
reopened under restrictions will be returned unhandled unless they bear on their
face a notation as described above.
Checks on par banks which we will receive, as outlined above, should be
assorted and listed to us in cash letters according to availability dates, as shown
by our time schedules as heretofore. You should continue to refer to the par list
in assorting items, since the list of reopened banks recently sent to you contains
the names of all reopened banks, par as well as non-par, and we will not accept
checks on any non-par bank.
DIRECT ROUTINGS TO OTHER FEDERAL RESERVE B A M S
All member banks whioh have the direct routing privilege may now resume
routing acceptable checks, as described above, on par banks direct to Federal re­
serve banks and branches in other districts for their credit with us. The same
prooedure that obtained before the nbank holiday" should be followed.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

AX (0501

-2 -

KEMlTTAHCES i q r ca sh l e t t e r s
Remittances for cash letters, sent by us to our member banks, should
he made, as formerly, in immediately available funds, preferably by authorizations
to charge their reserve accounts on our books.
TBANSffERS 01 3 U S D
T3PS
Telegraphic transfers of funds will be accepted from and paid to member
banks only, in accordance with the practice that prevailed before the “bank holiday1 .
1
NON-CASH COLLECTION ITEMS
Non-cash collection items will be accepted for collection under the same
conditions as prevailed before the "bank holiday". Member banks whioh have been
authorized to do so may now route non-cash collections (other than checks), payable
in other federal reserve districts, direct to the Federal reserve banks and branches
of the districts in which the items are payable for collection and credit through
us in accordance with the procedure in effect prior to the “bank holiday*.




Very tr u ly you rs,

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

I

w

rciU M M O N D

w y v w m

M

m

Karoh 1 7 , 19S3_

f o A l l Banking I n s t it u t io n *
i n the H f t h f e d e r a l R ese rv e B i s t r i o t t
F o llo w in g our d a i l y l e t t e r s o f March 6th to 1 4 t h , i n c l u s i v e , in
which th e re was quoted the t e x t o f f if t y - t w o teleg ram s r e c e iv e d by t h i s hank
r e p o r tin g r e g u la tio n s o r announcements by the S e c r e ta r y o f the T re a su ry , th e re i s
auoted "below th e t e x t o f fo u r a d d it io n a l te leg ra m s r e c e iv e d e it h e r from the f e d e r a l
R ese rv e Board o r d ir e o t from the S e c r e t a r y o f the T re a su ry up to the p re se n t w r it in g th a t i s * th re e p . m .# lla rc h 1 7 th?
(53)

^ S e c r e ta r y o f T re a su ry a d v is e s * 'The term M ortgage Loan Companies, a s u sed in
in t e r p r e t a t io n Ho. 3 , i s in t e r p r e te d to in c lu d e a l l c o rp o ra tio n s whose
p r in c ip a l b u s in e s s c o n s is t s o f the in vestm en t in , s a l e , and p u rch ase o f r e a l
e s t a t e m ortgages and m ortgage c e r t i f i c a t e s guaran teed by such c o r p o r a t io n s .1
D esign ated a s I n t e r p r e t a t io n 1 0 . *
(Note)
I n t e r p r e t a t io n No. 3 f r e f e r r e d to ab o ve, was in c lu d e d
in our l e t t e r o f March 8 th a s ( 2 2 ) .

(54)

♦ O ffic e o f C o m p tro ller o f C urrency a d v is e s f 'T h a t, n o tw ith sta n d in g appointm ent
o f C o n serv a to r f o r R a t io n a l bank under Bank C o n secratio n A c t, d e p o s its r e ­
c e iv e d b y suoh bank p r io r to appointm ent o f C o n serva to r in s p e c ia l t r u s t a c ­
counts o re a te d under th e p r o v is io n s o f R e g u la tio n No. 7 o f the S e c r e t a r y o f
the T re a s u ry , is s u e d March 6 , 1 9 3 3 , may be withdrawn upon demand w ith o u t r e ­
s t r i c t i o n o r lim i t a t io n to the f u l i e x te n t o f the amount o f c a sh , F e d e ra l
re s e r v e bank b a la n o e s , and p ro ceeds o f U n ited S t a t e s O b lig a tio n s in whioh
such d e p o s its have been k e p t s e p a ra te o r in v e s te d , in aooordanoe w ith the
p r o v is io n s o f s a id R e g u la tio n No. 7 . * *
(Note)
R e g u la tio n No. 7 , r e fe r r e d to ab ove, was in clu d e d in
our l e t t e r o f March 7 th a s ( 7 ) .

(55)

• S e c r e t a r y o f T re a su ry a d v is e s ? 'R e g u la tio n No. 1 2 i s not to be oonstrued a s
p e r m ittin g a banking i n s t i t u t i o n , open f o r normal and u s u a l fu n o tio n s under
lic e n s e o f the S e c r e t a r y o f th e T re a su ry f to re q u ir e d e p o s ito rs to a c c e p t
c le a r in g house c e r t i f i c a t e s o r o th e r evid en ce s o f cla im s a g a in s t a s s e t s f o r
a l l o r any p a r t o f any w ith d raw al r e q u e s t e d .' D esign ated a s I n t e r p r e t a t io n
ii.*
(Note)
R e g u la tio n No. 1 2 f r e f e r r e d to ab ove, was in c lu d e d in
our l e t t e r o f March *Hh a s ( 1 3 ) .

(56)

* S e o r e ta r y o f T re a su ry h as r e le a s e d fo llo w in g statem ent to p re ss? *A number
o f in q u i r i e s have been made a t the T re a su ry departm ent a s to w hether a p ro h i­
b it io n e x i s t s upon p ro p e r com m ercial d e a lin g s in s i l v e r d u rin g the banking
em ergency.
*No r e g u la t io n s have been is s u e d r e s t r i c t i n g e xp o rt o r o th e r tr a n s a c tio n s
i n s i l v e r , exo ep t f o r lim it a t io n s a f f e c t i n g w ith d raw als by d e p o s ito rs f o r
h o ard in g and r e s t r ic .t io n s on banks not p erm itte d to reopen. *"
F u rth e r r e g u la tio n s and announcements a s Issu e d w i l l fo llo w .




x W

^

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^

(050)

BEC’D IN FILES SECTION!
> /- - I
1
A R - 7 1950 J P
t+10> -

)l

Federal Reserve Bank / /
of Richmond

List of all banks which reopened on
March 13, 14, or 15,1933, according to
advices received through March 15,
1933. This list contains all reopened
banks “non-par” as well as “par” and
therefore does not take the place of
the Federal Reserve System’s par list.

ISSUED AS OF CLOSE OF BUSINESS
W ED NESD AY, M ARCH 15, 1933

Temporarily, Supplements to this list will be issued as of close




of business each Wednesday

3 0 q -j Csr)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p d .

F eder al R eserve B a n k

of

R

(0501

P

ic h m o n d

DISTRICT

OF

age

3

COLUMBIA

D I S T R I C T N O . 5— R I C H M O N D
List of all banks which reopened on March 13, 14, or 15, 1933, according to advices received through March 15, 1933.
This list contains all reopened banks “non-par” as well as “par” and therefore does not take the place of the Federal
Reserve System’s par list.

1. M em ber banks licensed to resume banking operations:
WASHINGTON
Columbia National Bank
Liberty National Bank
Lincoln National Bank
National Bank of Washington

National Capital Bank
National Metropolitan Bank
Riggs National Bank
Second National Bank

Non-member banks licensed to resume banking operations without any restrictions other
than those applicable to all banking institutions under executive order of March 10, 1933.
This list is based upon best information obtainable:
WASHINGTON
American Security & Trust Company
Anacostia Bank
Bank of Commerce and Savings
East Washington Savings Bank
W . B. Hibbs & Company
McLachlen Banking Corporation
Morris Plan Bank

Munsey Trust Company
National Savings & Trust Company
Security Savings & Commercial Bank
Union Trust Company
Washington Loan & Trust Company
Washington Mechanics Savings Bank

Non-mem ber banks licensed to resume banking operations under restrictions in addition
to those applicable to all banking institutions. This list is based upon best information
obtainable:




(Information not available as of date of this
list March 15, 1933.)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

10501

Authority p d .

P age 4

F

ederal

R eserv e B a n k

of

R

ic h m o n d

M A R Y L A N D
D IS T R IC T N O . 5—R IC H M O N D (B A L T IM O R E B R A N C H )
List of all banks which reopened on March 13, 14, or 15, 1933, according to advices received through March 15, 1933.
This list contains all reopened banks “non-par” as well as “par” and therefore does not take the place of the Federal
Reserve System’s par list.

1. M ember banks licensed to resume banking operations:
ANNAPOLIS
Farmers National Bank

BALTIMORE
Canton National Bank
First National Bank
Maryland Trust Company
National Central Bank
National Marine Bank
Western National Bank

BARTON
First National Bank

CAMBRIDGE
National Bank of Cambridge

CATONSVILLE
Catonsville National Bank

CUMBERLAND
First National Bank
Second National Bank

DENTON
Denton National Bank

EASTON
Easton National Bank

FOREST HILL
Forest Hill State Bank

FREDERICK
Citizens National Bank
Farmers & Merchants National Bank

GAITHERSBURG
First National Bank

HAGERSTOWN
Nicodemus National Bank

LAUREL
Citizens National Bank

MOUNT SAVAGE
First National Bank

OAKLAND
First National Bank

RISING SUN
National Bank of Rising Sun

SALISBURY
Farmers & Merchants Bank
Salisbury National Bank

SANDY SPRINGS
First National Bank

SILVER SPRING
Silver Spring National Bank

UPPER MARLBORO
First National Bank of Southern Maryland

WESTERNPORT
Citizens National Bank

WESTMINSTER
Farmers & Mechanics National Bank
Union National Bank

2. Non-member banks licensed to resume banking operations without any restrictions other
than those applicable to all banking institutions under executive order of March 10, 1933.
This list is based upon best information obtainable:
BALTIMORE




Calvert Bank
Central Savings Bank
Citizens Savings Bank
Colonial Trust Company
Continental Trust Company
Equitable Trust Company
Eutaw Savings Bank
Fidelity Trust Company
Metropolitan Savings Bank
Mercantile Trust Company
Morris Plan Bank
Provident Savings Bank
Real Estate Trust Company
St. James Savings Bank
Safe Deposit & Trust Company
Savings Bank of Baltimore

BELAIR
Commercial Savings Bank

BETHESDA
Bank of Bethesda

BETTERTON
Kent County Savings Bank (Branch)
Peoples Bank (Branch)

BRANDYWINE
Bank of Brandywine

CHESTERTOWN
Kent County Savings Bank
Peoples Bank of Chestertown

CLARKSVILLE
Central Bank of Howard County

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

F eder al R eserve B a n k

of

R

p A ) » (0SO j

P age 5

ic h m o n d

M A R Y L A N D — Continued
2. Non-member banks licensed without any restrictions (continued):
CLINTON
Clinton Bank
CRISFIELD
Bank of Crisfield
Marine Bank
CUMBERLAND
Cumberland Savings Bank
Liberty Trust Company
DETOUR
Detour Bank
DUNDALK
Bank of Sparrows Point (Branch)
EASTON
Liberty Bank
FREDERICK
Commercial Bank of Maryland^
Fredericktown Savings Institution
FROSTBURG
Fidelity Savings Bank
FRUITLAND
Bank of Fruitland
GERMANTOWN
Germantown Bank
GRANTSVILLE
First State Bank
HANCOCK
Hancock Bank
HEBRON
Hebron Savings Bank
HIGHLANDTOWN
Equitable Trust Company (Branch)
HUGHESVILLE
Hughesville Savings Bank
HYATTSVILLE
Prince Georges Bank & Trust Company
KINGSVILLE
Kingsville Bank
LIBERTYTOWN
Peoples Bank
MANCHESTER
Manchester Bank
MARION STATION
Bank of Marion
Farmers Bank of Somerset County

MASSEY
Peoples Bank (Branch)
MT. RANIER
Prince Georges Bank & Trust Company (Branch)
NANTICOCKE
Savings Bank of Nanticocke
NEW WINDSOR
New Windsor State Bank
OAKLAND
Farmers Bank
OCEAN CITY
Bank of Ocean City
PITTSVILLE
Truckers & Savings Bank
PRESTON
Provident State Bank
QUEENSTOWN
Queenstown Bank
REISTERSTOWN
Peoples Bank of Reisterstown
RIVERDALE
Citizens Bank
ROCKHALL
Peoples Bank
SANDY SPRING
Savings Institution of Sandy Spring
SHARPSBURG
Sharpsburg Bank
SPARROWS POINT
Bank of Sparrows Point
SUDLERSVILLE
Sudlersville Bank
TAKOMA PARK
Citizens Bank
Takoma Park Bank
UNION BRIDGE
Union Bridge Banking & Trust Company
UNION MILLS
Union Mills Savings Bank
UPPER MARLBORO
Farmers & Merchants Bank
WILLIAMSPORT
Savings Bank of Williamsport
WOODSBORO
Woodsboro Savings Bank

3. Non-member banks licensed to resume banking operations under restrictions in addition
to those applicable to all banking institutions. This list is based upon best information
obtainable:
ABERDEEN
Harford Bank (Branch)




ANNAPOLIS
Annapolis Banking & Trust Company
Annapolis Savings Institution
Eastern Shore Trust Company (Branch)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

P age 6

px).

F

10501

ederal

R

eserv e

Bank

of

R

ic h m o n d

M A R Y L A N D — Continued
3. Non-member banks licensed under restrictions (continued):
BALTIMORE
Broadway Savings Bank
City Savings Bank
Clifton Savings Bank
Hopkins Place Savings Bank
BELAIR
Harford Bank

GALESVILLE
Annapolis Banking & Trust Company (Branch)

BETTERTON
Chestertown Bank of Maryland (Branch)

GREENSBORO
Caroline County Bank

BISHOP VILLE
Bishopville Bank

HAGERSTOWN
Farmers & Merchants Bank

BOONSBORO
Boonsboro Bank

HAMPSTEAD
Hampstead Bank

BOWIE
Bank of Bowie

HAVRE DE GRACE
Havre de Grace Banking & Trust Company

BROOKLYN CURTIS B AY
Annapolis Banking & Trust Company (Branch)

HILLSBORO
Hillsboro-Queen Anne Bank

BRUNSWICK
Bank of Brunswick

HURLOCK
Eastern Shore Trust Company (Branch)

CAMBRIDGE
Eastern Shore Trust Company
Peoples Loan Savings & Deposit Bank
CHESTERTOWN
Chestertown Bank
CHURCH HILL
Church Hill Bank
CORDOVA
Hillsboro-Queen Anne Bank (Branch)
CUMBERLAND
Commercial Savings Bank
Peoples Bank
DAMASCUS
Bank of Damascus
DARLINGTON
Harford Bank (Branch)
DEALS ISLAND
Deals Island Bank
DELMAR
Bank of Delmar
DENTON
Farmers & Merchants State Bank
Peoples Bank
EASTON
Farmers and Merchants Bank
Talbot Bank
FEDERALSBURG
Eastern Shore Trust Company (Branch)
FISHING CREEK
Eastern Shore Trust Company (Branch)
FOWBLESBURG
Farmers & Merchants Bank
GALENA
Chestertown Bank of Maryland (Branch)

INDIAN HEAD
Eastern Shore Trust Company (Branch)




GLEN BURNIE
Eastern Shore Trust Company (Branch)
GLYNDON
Glyndon Bank

JARRETTSVILLE
Harford Bank (Branch)
JEFFERSON
Commercial Bank of Maryland (Branch)
KENNEDYSVILLE
Chestertown Bank of Maryland (Branch)
KENSINGTON
Farmers Banking & Trust Company (Branch)
LA PLATA
Eastern Shore Trust Company (Branch)
LEONARDTOWN
Eastern Shore Trust Company (Branch)
LONACONING
Lonaconing Savings Bank
MARDELA SPRINGS
Farmers Bank of Mardela Springs
MECHANICSVILLE
Eastern Shore Trust Company (Branch)
MIDDLETOWN
Middletown Savings Bank
MILLINGTON
Millington Bank
MT. A IR Y
Commercial Bank of Maryland (Branch)
MYERSVILLE
Myersville Savings Bank
NEWARK
Home Bank
OWINGS
Eastern Shore Trust Company (Branch)

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

F ederal R eserv e B a n k

of

R

pd. (0501

P age

ic h m o n d

M A R Y L A N D — Continued
3. Non-member banks licensed under restrictions (continued):
PARKVILLE
Parkville Bank

SPARKS
Sparks State Bank

PLEASANT V A LLE Y
Pleasant Valley Bank

STEVENSVILLE
Stevensville Bank

PRINCE FREDERICK
Eastern Shore Trust Company (Branch)

TA N E YTO W N
Birnie Trust Company
Taneytown Savings Bank

PRINCESS AN NE
Bank of Somerset

THURMONT
Thurmont Bank

REISTERSTOWN
Reisterstown Savings Bank

TILGHMAN
Tilghman Bank

RIDGELEY
Peoples Bank (Branch)

TRAPPE
Farmers and Merchants Bank

ROCKVILLE
Farmers Banking & Trust Company

UNIONTOW N
Carroll County Savings Bank
UPPER MARLBORO
Eastern Shore Trust Company (Branch)

ST. MICHAELS
Eastern Shore Trust Company (Branch)
SALISBURY
Eastern Shore Trust Company (Branch)
SHARPTOWN
Eastern Shore Trust Company (Branch)
SNOW HILL
Eastern Shore Trust Company (Branch)
SOLOMONS
Eastern Shore Trust Company (Branch)

i



VIE N N A
Eastern Shore Trust Company (Branch)
WESTMINSTER
Westminster Deposit & Trust Company
Westminster Savings Bank
WILLARDS
Farmers Bank
WINGATE
Eastern Shore Trust Company (Branch)

7

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

(0501

Authority

P age 8

F

NORTH

ederal

R

eserv e

Bank

of

R

ic h m o n d

CAROLINA

D IS T R IC T N O . 5—R IC H M O N D
(C) = CHARLOTTE BRANCH
List of all banks which reopened on "March 13, 14, or 15, 1933, according to advices received through March 15, 1933.
This list contains all reopened banks “non-par” as well as “par” and therefore does not take the place of the Federal
Reserve System’s par list.

1. M ember banks licensed to resume banking operations:
ALBEMARLE (C)
J?irst National Bank

ASHEBORO
First National Bank

ASHEVILLE (C)
Wachovia Bank & Trust Company

AYDEN
First National Bank

BURLINGTON
National Bank of Burlington

CHARLOTTE (C)
American Trust Company
Charlotte National Bank
Commercial National Bank
Union National Bank

CONCORD (C)
Concord National Bank

DURHAM
Citizens National Bank
Depositors National Bank

GRAHAM
National Bank of Alamance

HENDERSON
First National Bank in Henderson

HICKORY (C)
First National Bank

HIGH POINT
Wachovia Bank & Trust Company (Branch)

KINGS MOUNTAIN (C)
First National Bank

LENOIR (C)
Union National Bank

LINCOLNTON (C)
First National Bank

LUMBERTON
National Bank of Lumberton

MARION (C)
First National Bank

MOORESVILLE (C)
First National Bank

MORGANTON (C)
First National Bank

MOUNT AIRY
First National Bank

MOUNT OLIVE
First National Bank

NEWTON (C)
Shuford National Bank

RALEIGH
Wachovia Bank & Trust Company (Branch)

REIDSVILLE
First National Bank

ROCKY MOUNT
Planters National Bank & Trust Company

SALISBURY (C)
Wachovia Bank & Trust Company (Branch)

THOMASVILLE
First National Bank

WADESBORO
First National Bank

WASHINGTON
Bank of Washington

WAYNESVILLE (C)
First National Bank

WEST JEFFERSON (C)
First National Bank

WILSON
National Bank of Wilson

WINSTON-SALEM
Wachovia Bank & Trust Company

2. Non-member banks licensed to resume banking operations without any restrictions other
than those applicable to all banking institutions under executive order of March 10, 1933.
This list is based upon best information obtainable:
ALBEMARLE (C)




Cabarrus Bank & Trust Company (Branch)

ANDREWS (C)
Citizens Bank & Trust Company

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

F ederal R eserve B a n k

of

R

px). 1050}

P age 9

ic h m o n d

NORTH

C A R O L I N A —Continued

2. Non-member banks licensed without any restrictions (continued):
ASHBORO
Bank of Randolph

ASHEVILLE (C)
Carolina Industrial Bank

BATTLEBORO
Planters Bank

BELHAVEN
Greenville Banking & Trust Company (Branch)

BENSON
First Citizens Bank & Trust Co. (Branch)

BETHEL
Greenville Banking & Trust Company (Branch)

BROADWAY
Bank of Broadway

BURLINGTON
Morris Plan Industrial Bank

CHADBOURN
Waccamaw Bank & Trust Company (Branch)

CHAPEL HILL
Bank of Chapel Hill

CHINA GROVE (C)
Bank of China Grove

CLINTON
First Citizens Bank & Trust Company (Branch)

CLYDE (C)
Bank of Clyde

COLUMBUS (C)
Polk County Bank & Trust Company

CONCORD (C)
Cabarrus Bank & Trust Company
Citizens Bank & Trust Company

CREEDMOR
Durham Loan & Trust Company (Branch)

DUNN
First Citizens Bank & Trust Company (Branch)

DURHAM
Durham Industrial Bank
Durham Loan & Trust Company
Fidelity Bank
Home Savings Bank
Mechanics & Farmers Bank
Morris Plan Industrial Bank

EAST DURHAM
Fidelity Bank (Branch)

ENGELHARD
Engelhard Banking & Trust Company

ERWIN
Bank of Harnett

FAYETTEVILLE
Branch Banking & Trust Company (Branch)




FOUR OAKS
Bank of Four Oaks

FUQUAY SPRINGS
Bank of Fuquay

GOLDSBORO
Branch Banking & Trust Company (Branch)
Bank of Wayne
Hood System Industrial Bank

GREENVILLE
Greenville Banking & Trust Company
Hood System Industrial Bank
State Bank & Trust Company

HICKORY (C)
First Security Trust Company
Hickory Industrial Bank

HILLSBORO
Farmers & Merchants Bank

JACKSONVILLE
Bank of Onslow

KANNAPOLIS (C)
Cabarrus Bank & Trust Company (Branch)

KINSTON
Branch Banking & Trust Company (Branch)

LAURINBURG
State Bank

LOUISBURG
First Citizens Bank & Trust Company (Branch)

MAGNOLIA
Bank of Magnolia

MAXTON
State Bank (Branch)

MICRO
Citizens Bank

MONROE (C)
American Bank & Trust Company

MORGANTON (C)
Morganton Industrial Bank

MT. HOLLY (C)
Bank of Mt. Holly

NASHVILLE
Peoples Bank & Trust Company (Branch)

NEW BERN
Branch Banking and Trust Company (Branch)

OXFORD
Union Bank & Trust Company

PINE LEVEL
Bank of Pine Level

PITTSBORO
Bank of Pittsboro

Reproduced from the Unclassified I Declassified Holdings of the National Archives




DECLASSIFIED
Authority

P age

a. (OSQi

10

F

NORTH

ederal

R

eserve

Bank

of

R

ic h m o n d

C A R O L I N A —Continued

2. Non-member banks licensed without any restrictions (continued):
SUNBURY

PLYMOUTH
Branch Banking and Trust Company (Branch)
Mechanics & Farmers Bank (Branch)

Tryon Bank & Trust Company

Bank of Raeford

WARSAW

REIDSVILLE
Bank of Reidsville
Hood System Industrial Bank

ROBERSONVILLE

Branch Banking & Trust Company (Branch)

WASHINGTON
Citizens Industrial Bank

Bank of Robersonville

WEST DURHAM

ROCKINGHAM

Fidelity Bank (Branch)

Farmers Bank & Trust Company

ROCKY MOUNT
Citizens Industrial Bank
Peoples Bank & Trust Company

WHITEVILLE
Waccamaw Bank & Trust Company

WILLIAMSTON
Branch Banking & Trust Company (Branch)

ROSEBRO
First Citizens Bank & Trust Company (Branch)

WILMINGTON
Morris Plan Bank
Peoples Savings & Trust Company
Wilmington Savings & Trust Company

RUTHERFORDTON (C)
First Industrial Bank

SILER CITY

WILSON

Chatham Bank

Branch Banking & Trust Company

SMITHFIELD
First Citizens Bank & Trust Company

SNOW HILL
Greenville Banking & Trust Company (Branch)
Stokesdale Commercial Bank

Waccamaw Bank & Trust Company (Branch)

TRYON (C)

RAEFORD

STOKESDALE

Farmers Bank of Sunbury

TABOR

RALEIGH

WINSTON-SALEM
First Industrial Bank
Hood System Industrial Bank
Morris Plan Bank

WINTERVILLE
Bank of Winterville

3. Non-member banks licensed to resume banking operations under restrictions in addition
to those applicable to all banking institutions. This list is based upon best information
obtainable:
(Information not available as of date of this
list March 15, 1933.)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority

F ederal R eserv e B a n k

of

R

A)« ( 0 5 0 )

P a g e 11

ic h m o n d

SOUTH

CAROLINA

(C) = CHARLOTTE BRANCH
List of all banks which reopened on March 13, 14, or 15, 1933, according to advices received through March 15, 1933.
This list contains all reopened banks “non-par” as well as “par” and therefore does not take the place of the Federal
Reserve System’s par list.

1. M em ber banks licensed to resume banking operations:
GAFFNEY (C)

ANDERSON (C)
Carolina National Bank

BISHOPVILLE

-

Peoples Bank

CAMDEN
First National Bank

CHARLESTON
''Atlantic National Bank
Carolina Savings Bank

CHESTER (C)
The Commercial Bank
Peoples National Bank

CLOVER (C)
First National Bank

CONWAY
Conway National Bank
Peoples National Bank

Merchants & Planters National Bank

GREENVILLE (C)
First National Bank
Peoples National Bank

HARTSVILLE
Bank of Hartsville

HOLLY HILL
First National Bank

MARION
Marion National Bank

ROCK HILL (C)
Peoples National Bank

SHARON (C)
First National Bank

SUMTER
National Bank of South Carolina

2. Non-mem ber banks licensed to resume banking operations without any restrictions other
than those applicable to all banking institutions under executive order of March 10, 1933.
This list is based upon best information obtainable:
N ote: On account of the State banking
holiday which runs through March 17,
1933, no non-member bank has been li­
censed to resume operation.

3. Non-m em ber banks licensed to resume banking operations under restrictions in addition
to those applicable to all banking institutions. This list is based upon best information
obtainable:




N ote: On account of the State banking
holiday which runs through March 17,
1933, no non-member bank has been li­
censed td resume operation.

Reproduced from the Unclassified I Declassified Holdings of the National Archives




DECLASSIFIED
Authority ^ A)«

P a g e 12

10501

F ederal R eserve B a n k

of

R

ic h m o n d

VIRGINIA
D IS T R IC T N O . 5—R IC H M O N D
List of all banks which reopened on March 13, 14, or 15, 1933, according to advices received through March 15, 1933.
This list contains all reopened banks “non-par” as well as “par” and therefore does not take the place of the Federal
Reserve System’s par list.

1. M em ber banks licensed to resume banking operations:
ALEXANDRIA
Alexandria National Bank
Citizens National Bank
First National Bank

ALTAVISTA
First National Bank

APPALACHIA
First National Bank

ASHLAND
First National Bank
Hanover National Bank

BASSETT
First National Bank

BEDFORD
Citizens National Bank
Peoples National Bank

BERRYVILLE
First National Bank

BIG STONE GAP
First National Bank

BLACKSBURG
National Bank of Blacksburg

BLACKSTONE
Citizens Bank & Trust Company
First National Bank

BRISTOL
Dominion National Bank

BROADWAY
First National Bank

BUCHANAN
Buchanan National Bank

BUENA VISTA
First National Bank

CHARLOTTESVILLE
National Bank & Trust Company
Peoples National Bank

CHASE CITY
Peoples Bank & Trust Company

CHILHOWIE
National Bank of Chilhowie

CHRISTIANSBURG
First National Bank

CLIFTON FORGE
First National Bank

COVINGTON
Citizens National Bank
Covington National Bank

CULPEPER
Culpeper National Bank
Second National Bank

DANVILLE
First National Bank

EAST RADFORD
First & Merchants National Bank

EMPORIA
Citizens National Bank
First National Bank

FAIRFAX
National Bank of Fairfax

FARMVILLE
First National Bank
Peoples National Bank

FREDERICKSBURG
National Bank of Fredericksburg
Planters National Bank in Fredericksburg

FRIES
First National Bank

FRONT ROYAL
Citizens National Bank

GALAX
First National Bank

GATE CITY
First & Peoples National Bank

GORDONSVILLE
National Bank of Gordonsville

HAMILTON
Farmers & Merchants National Bank

HAMPTON
Merchants National Bank

HARRISONBURG
First National Bank
National Bank of Harrisonburg
Rockingham National Bank

HERNDON
National Bank of Herndon

HOT SPRINGS
Bath County National Bank

INDEPENDENCE
Grayson County National Bank

JONESVILLE
Powell Valley National Bank

KENBRIDGE
Bank of Lunenburg

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority

F ederal R

eserv e

Bank

of

R

^

(050)

P a g e 13

ic h m o n d

V I R G I N I A—Continued
1. Member banks licensed to resume banking operations (continued):
LEBANON
First National Bank

LEESBURG
Loudoun National Bank
Peoples National Bank

LEXINGTON
First National Bank
Peoples National Bank
Rockbridge National Bank

LOVINGSTON
First National Bank of Nelson County

LURAY
First National Bank
Page Valley National Bank

LYNCHBURG
First National Bank
Lynchburg National Bank & Trust Company
Peoples National Bank

MANASSAS
National Bank of Manassas
Peoples National Bank

MARION
Marion National Bank

MARSHALL
Marshall National Bank & Trust Company

MARTINSVILLE
First National Bank

NARROWS
First National Bank

NEW CASTLE
First National Bank

NORFOLK
Norfolk National Bank of Commerce & Trusts
Seaboard Citizens National Bank
Virginia National Bank

NORTON
First National Bank

OCEAN VIEW
Norfolk Nt’l Bk. of Commerce & Trusts (Branch)

ORANGE
Citizens National Bank
National Bank of Orange

PORTMOUTH
American National Bank

PULASKI
Peoples National Bank
Pulaski National Bank

PHOEBUS
Old Point National Bank

PURCELLVILLE
Purcellville National Bank

QUANTICO
First National Bank




RICHLANDS
First National Bank
Richlands National Bank

RICHMOND
Bank of Commerce & Trusts
Central National Bank
First & Merchants National Bank
State-Planters Bank & Trust Company

ROANOKE
Colonial-American National Bank
First National Exchange Bank

ROCKY MOUNT
Peoples National Bank

ROUND HILL
Round Hill National Bank

ST. PAUL
St. Paul National Bank

SALEM
Farmers National Bank

SALTVILLE
First National Bank

SCOTTSVILLE
Scottsville National Bank

SHENANDOAH
First National Bank

STANLEY
Farmers & Merchants National Bank

STAUNTON
Augusta National Bank
National Valley Bank
Staunton National Bank & Trust Company

STRASBURG
First National Bank
Massanutten National Bank

STUART
First National Bank

SUFFOLK
National Bank of Suffolk

TAZEWELL
Farmers Bank of Clinch Valley
Tazewell National Bank

THE PLAINS
Fauquier National Bank (Branch)

TROUTVILLE
First National Bank

VIRGINIA BEACH
Virginia National Bank (Branch)

WARRENTON
Fauquier National Bank
Peoples National Bank

WASHINGTON
Rappahannock National Bank

WAYNESBORO
First National Bank

Reproduced trom the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p A)- lO S O f

Page

14

F ederal R

e se r v e

Bank

of

R

ic h m o n d

V I R G I N I A—Continued
1. Member banks licensed to resume banking operations (continued):
WOODSTOCK
WINCHESTER
National Bank of Woodstock
Farmers & Merchants National Bank & Trust Co.
Shenandoah National Bank
Shenandoah Valley National Bank
WISE
WYTHEVILLE
First National Farmers Bank
First National Bank

2. Non-member banks licensed to resume banking operations without any restrictions other
than those applicable to all banking institutions under executive order of March 10,1933.
This list is based upon best information obtainable:
ABINGDON
Farmers Exchange Bank
ACCOMAC
Citizens Savings Bank (Branch)
ALBERTA
Bank of Alberta
ALEXANDRIA
Alexandria Trust & Mortgage' Corporation
Burke & Herbert, Bankers
AMELIA
Peoples Bank of Amelia
Union Bank & Trust Company
AMHERST
Bank of Amherst
Farmers Bank of Amherst
APPOMATTOX
Bank of Appomattox
ARLINGTON
Peoples State Bank (Branch)
AYLETT
Southside Bank, Inc. (Branch)
BALLSTON
Peoples State Bank (Branch)
BEAVER DAM
Tri-County Bank (Branch)
BELLE HAVEN
Peoples Trust Bank (Branch)
BERRYVILLE
Bank of Clarke County
BLACKSBURG
Farmers & Merchants Bank
BLAND
Bank of Bland County
BLOXOM
Metompkin Bank & Trust Company (Branch)
Peoples Bank of Bloxom
BLUEFIELD
Bank of Graham
BOONE MILL
Farmers & Merchants Bank
BOWLING GREEN
Union Bank & Trust Company




BOYCE
Boyce State Bank
BOYKINS
Meherrin Valley Bank
BRIDGEWATER
Planters Bank of Bridgewater
BRISTOL
Washington Trust & Savings Bank
BRODNAX
Farmers & Merchants Bank (Branch)
BROWNSBURG
Bank of Brownsburg
BUCHANAN
Bank of Buchanan
BUENA VISTA
Peoples Bank of Buena Vista
CAMBRIA
Cambria Bank
CAPE CHARLES
Farmers & Merchants Trust Bank
CAPEVILLE
Farmers & Merchants Trust Bank (Branch)
CAPRON
Bank of Capron
CARSON
Bank of Carson
CHARLOTTESVILLE
Citizens Bank & Trust Company
CHATHAM
Bank of Chatham
Planters Bank & Trust Company
CHERITON
Farmers & Merchants Trust Bank (Branch)
CHESTER
Chesterfield County Bank
CHRISTIANSBURG
Bank of Christiansburg
CHURCHVILLE
Augusta County Bank
CLARENDON
Clarendon Trust Company

Reproduced from the Unclassified I Declassified Holdings of the National Archives

F ederal R eserve B a n k

of

DECLASSIFIED
Authority a . (05Q I

P age 1

R ic h m o n d

V I R G I N I A—Continued
2. Non-member banks licensed without any restrictions (continued):
CLARKSVILLE
Citizens Bank & Trust Company
CLINTWOOD
Cumberland Bank & Trust Company (Branch)
COLONIAL BEACH
Bank of Westmoreland
CRABBOTTOM ...
Crabbottom Valley Bank
CREWE
Bank of Crew
CROCKETT
Bank of Crockett
jCROZET
Peoples Bank of Crozet
DANVILLE
Industrial Bank of Danville
DENDRON
Bank of Sussex & Surry (Branch)
DINWIDDIE
Farmers Bank of Dinwiddie
DOSWELL
Tri-County Bank (Branch)
DREWRYVILLE
Bank of Drewryville
DUBLIN
Bank of Dublin
EAGLE ROCK
Eagle Rock Bank
EASTVILLE
Eastville Bank
EDINBURG
Farmers Bank of Edinburg
ELK CREEK
Farmers Bank
ELKTON
Bank of Elkton
EWING
Peoples Bank
EXMORE
Peoples Trust Bank
FAIRFIELD
Bank of Fairfield
FALLS CHURCH
Falls Church Bank
FARMVILLE
Planters Bank & Trust Company
FIELDALE
Bank of Fieldale




FINCASTLE
Bank of Fincastle
FLOYD
Floyd County Bank
Peoples Bank of Floyd
FORK UNION
Fluvanna County Bank
FRANKLIN
Merchants & Farmers Bank of Franklin
Vaughan & Company, Bankers
FREDERICKSBURG
Commercial State Bank
Farmers & Merchants State Bank
FRONT ROYAL
Bank of W arren
Warren-Rappahannock Trust Corp.
GLADE SPRING
Bank of Glade Spring
GLASGOW
Bank of Glasgow
GLOUCESTER
Bank of Gloucester
GLOUCESTER POINT
Bank of Gloucester (Branch)
GOOCHLAND
Bank of Goochland
HAGUE
Farmers Bank
HALIFAX
Bank of Halifax
HAMPTON (R. F. D.)
Bank of Fox Hill
HANOVER
Tri-County Bank
HAYSI
Cumberland Bank & Trust Company
HEATHSVILLE
Bank of Northumberland
HILLSVILLE
Citizens Bank of Carroll
Farmers Bank
HOLLAND
Farmers Bank of Holland
HOPEWELL
State-Planters Bank of Hopewell
IVOR
Bank of Sussex & Surry (Branch)
KELLER
Eastern Shore Banking Company

r, _ i___ 1 1_ lUn 11__ i
_
_

MniHinnc nf the National Archives

P age 16

DECLASSIFIED
Authority ^ A)- (0 -^ 1

F ed era l R eserve B a n k

of

R ic h m o n d

V I R G I N I A—Continued
2. Non-member banks licensed without any restrictions (continued):
KILMARNOCK
Bank of Lancaster
KING GEORGE
Bank of King George
KINSALE
Citizens Bank
l a c r o sse

Bank of LaCrosse
LAWRENCEVILLE
Brunswick Bank & Trust Company
Farmers & Merchants Bank
LIVELY
Chesapeake Banking Company
LOUISA
Bank of Louisa
LYNCHBURG
Commercial Trust & Savings Bank
Lynchburg Trust & Savings Bank
McGAHEYSVILLE
Stonewall Bank
MACHIPONGO
Bank of Northampton, Inc. (Branch)
MADISON
State Bank of Madison
MARION
Bank of Marion
MARTINSVILLE
Industrial Bank (Branch)
Piedmont Trust Bank
MATHEWS
Bank of Mathews
Farmers and Fishermans Bank
MAX MEADOWS
Bank of Max Meadows
MECHANICSBURG
Bank of Mechanicsburg
MECHANICSVILLE
Tri-County Bank (Branch)
MEHERRIN
Planters Bank (Branch)
MELFA
Eastern Shore Banking Company (Branch)
MIDDLETOWN
Middletown State Banl<j
MILFORD
Union Bank & Trust Company (Branch)
MILLBORO
Bank of Millboro
MINERAL
Bank of Louisa (Branch)




MONROE
Commercial Trust & Savings Bank (Branch)
MONTEREY
First & Citizens Bank & Trust Company
MONTROSS
Bank of Montross
Peoples Bank of Montross
MOUNT JACKSON
Peoples Bank
MOUNT SIDNEY
Mount Sidney Bank
MOUNT SOLON
Planters Bank & Trust Company (Branch)
NASSAWADDOX
Bank of Northampton
NEW CASTLE
Farmers & Merchants Bank of Craig County
NEW HOPE
Bank of New Hope
NEWPORT NEWS
Citizens-Marine Jefferson Bank
Morris Plan Bank of Virginia (Branch)
NICKELSVILLE
Farmers Exchange Bank
NORFOLK
Merchants & Mechanics Savings Bank
Merchants & Planters Bank
Southern Savings Bank
OCCOQUAN
Bank of Occoquan
ODD
Citizens Bank of Poquoson
ONANCOCK
Citizens Savings Bank
ORE BANK
State Bank of Arvonia
PAINTER
Eastern Shore Banking Company, Inc. (Branch)
PALMYRA
Bank of Fluvanna
PARKSLEY
Metompkin Bank & Trust Company
PEARISBURG
Bank of Giles County
PEMBROKE
Bank of Giles County (Branch)
PENNINGTON GAP
Lee Bank & Trust Company
PETERSBURG
Morris Plan Bank of Virginia (Branch)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

F ed era l R eserve B a n k

of

DECLASSIFIED
Authority \:xj. (Q 5 0 |

R ic h m o n d

Page

V I R G IN I A—Continued
2. Non-member banks licensed without any restrictions (continued):
PHOEBUS
Bank of Phoebus
PORTSMOUTH
Citizens Trust Company
Merchants & Farmers Bank
Morris Plan Bank
PORT ROYAL
Port Royal Bank
POWHATAN
Bank of Powhatan
PULASKI
Pulaski Trust Company
RAPHINE
Bank of Raphine
REEDVILLE
Peoples Bank of Reedville
REMINGTON
State Bank of Remington
RICH CREEK
Farmers & Merchants Bank
RICHMOND
Consolidated Bank & Trust Company
Guaranty Trust Company
Mechanics & Merchants Bank
Morris Plan Bank of Virginia
Savings Bank & Trust Company
Southern Bank & Trust Company
South Richmond Bank
Virginia Trust Company
RIDGEWAY
Bank of Ridgeway
ROANOKE
Liberty Trust Company
Mountain Trust Company
Roanoke Banking Company
ROCKY GAP
Bank of Rocky Gap
ROCKY MOUNT
Bankers Trust Company
ROSSLYN
Arlington Trust Company
RUSTBURG
Campbell County Bank
ST. CHARLES
Lee Bank & Trust Company (Branch)
SALEM
Bank of Salem
SALUDA
Bank of Middlesex (Branch)
SHAWSVILLE
Bank of Shawsville




SMITHFIELD
Bank of Smithfield
Merchants & Farmers Bank
SOUTH BOSTON
South Boston Bank & Trust Company
SOUTH HILL
Citizens Bank of South Hill
SOUTH NORFOLK
Merchants & Planters Bank (Branch)
SPEEDWELL
Bank of Speedwell
STAFFORD
Peoples Bank of Stafford
STANDARDSVILLE
Bank of Greene
STAUNTON
Farmers & Merchants Bank
Planters Bank & Trust Company
STONY CREEK
Bank of Stony Creek
STUART
Patrick County Bank
STUARTS DRAFT
Peoples Bank
SUFFOLK
American Bank & Trust Company
Farmers Bank of Nansemond
SURRY
Bank of Surry County
SYLVATUS
Sylvatus Bank
TAPPAHANNOCK
Bank of Essex
Southside Bank
TIMBERVILLE
Farmers & Merchants Bank
TOANO
Peninsula Bank & Trust Company (Branch)
URBANNA
Bank of Middlesex
VIENNA
Vienna Trust Company
VINTON
Mountain Trust Company (Branch)
VIRGILINA
Citizens Bank
WACHAPREAGUE
Wachapreague Banking Company
WAKE
Packers State Bank

17

Reproduced from the Unclassified I Declassified Holdings of the National Archives

d e c l a s s if i e d

Authority ^

P age 18

(0 5 0 ] —

F ederal R eserve B a n k

of

R ic h m o n d

V I R G I N I A—Continued
2. Non-member banks licensed without any restrictions (continued):
WAKEFIELD
Bank of Sussex and Surry
WARSAW
Northern Neck State Bank
WAYNESBORO
Citizens-Waynesboro Bank & Trust Company
WEST POINT
Citizens Exchange Bank Trust Company
Farmers & Mechanics Bank
WEYERS CAVE
Weyers Cave Bank
WHALEYVILLE
Bank of Whaleyville

WHITESTONE
Peoples Bank of Whitestone
WILLIAMSBURG
Peninsula Bank & Trust Company
WINCHESTER
Commercial & Savings Bank
Union Bank of Winchester
WINDSOR
Farmers Bank
WOLFTOWN
Farmers State Bank
WOODSTOCK
Shenandoah Valley Loan & Trust Company

3. Non-member banks licensed to resume banking operations under restrictions in addition
to those applicable to all banking institutions. This list is based upon best information
obtainable:
BIG ISLAND
Bank of Big Island
BOYDTON
Farmers Bank of Boydton
BURKEVILLE
Farmers & Merchants Bank
CHERRYDALE
Peoples State Bank
CHINCOTEAGUE
Bank of Chincoteague
CRAIGSVILLE
Bank of Craigsville




GRETNA
Peoples Bank of Gretna
KEYSVILLE
Planters Bank of Keysville
NATURAL BRIDGE
Bank of Natural Bridge
NEW CHURCH
Farmers & Merchants Bank
PHENIX
Bank of Phenix
RICHMOND
Pollard and Bagby Trust Company

Reproduced from the Unclassified I Declassified Holdings of the National A r c h i v e s ______________________ _ _ _ _ _ _ _ _ _

T

F ed era l R eserve B a n k

of

DECLASSIFIED
Authority jp A)- (0 5 0 1

R ic h m o n d

P a g e 19

WEST V IR G IN IA
DISTRICT NO. 5—RICHMOND
(Except Counties of Brooke, Hancock, Marshall, Ohio, Tyler and Wetzel, in District No. 4)
(B) = BALTIMORE BRANCH
List of all banks which reopened on March 13, 14, or 15, 1933, according to advices received through March 15, 1933.
This list contains all reopened banks “non-par” as well as “par” and therefore does not take the place of the Federal
Reserve System’s par list.

1. Member banks licensed to resume banking operations:
ALDERSON (5)

MADISON (5)

BECKLEt (5)

MARTINSBURG (5) (B)

First National Bank
Beckley National Exchange Bank

BERWIND (5)

Berwind Bank

BLUEFIELD (5)

First National Bank
Flat Top National Bank

BUCKHANNON (5) (B)

Central National Bank

Boone National Bank

Citizens National Bank
Old National Bank
Peoples Trust Company

MATEWAN (5)

Matewan National Bank

MONTGOMERY (5)

Merchants National Bank
Montgomery National Bank

CEREDO (5)

MOOREFIELD (5) (B)

CHARLESTON (5)

MOUNT HOPE (5)

First National Bank

Charleston National Bank
Kanawha Banking & Trust Company
Kanawha Valley Bank
National Bank of Commerce

South Branch Valley National Bank

First National Bank

NORTHFOLK (5)

First Clark National Bank

CLARKSBURG (5) (B)

PARKERSBURG (5) (B)

ELKINS (5) (B)

Citizens National Bank

PARSONS (5) (B)

Fayette County National Bank

PETERSBURG (5) (B)

First National Bank

PETERSTOWN (5)

Oil Field National Bank

POINT PLEASANT (5)

Lincoln National Bank

REEDY (5) (B)

Merchants National Bank

FAYETTEVILLE (5)
GRAFTON (5)

(B)

GRIFFITHSVILLE (5)
HAMLIN (5)

HINTON (5)

Citizens National Bank
Parkersburg National Bank

First National Bank
Potomac Valleyi Bank

First National Bank
Citizens National Bank
Point Pleasant National Bank

First National Bank

First National Bank
National Bank of Summers

RICHWOOD (5) (B)

First Huntington National Bank

RIPLEY (5) (B)

First National Bank

ROMNEY (5) (B)

HUNTINGTON (5)
KENOVA (5)

KEYSTONE (5)

First National Bank

KIMBALL (5)

Kimball National Bank




Cherry River National Bank
First National Bank
Bank of Romney
First National Bank

RONCEVERTE (5)

Ronceverte National Bank

Reproduced from the Unclassified I Declassified Holdings of the National Archives

P

age

20

DECLASSIFIED
Authority a . i o s o i

F

ederal

R

eserve

Ban

k

of

R

ic h m o n d

W E S T V I R G I N I A —Continued
1. Member banks licensed to resume banking operations (continued):
TERRA ALTA (5) (B)

ST. MARYS (5) (B)

First National Bank

First National Bank
Pleasants County Bank

WELCH (5)

McDowell County National Bank

SOUTH CHARLESTON (5)

WESTON (5) (B)

First National Bank

Weston National Bank

SPENCER (5) (B)

WILLIAMSON (5)

SUTTON (5) (B)

W INONA (5)

First National Bank

National Bank of Commerce

Home National Bank

Winona National Bank

2. Non-member banks licensed to resume banking operations without any restrictions other
than those applicable to all banking institutions under executive order of March 10, 1933.
This list is based upon best information obtainable:
Note: We understand that all banks have
been permitted to function to extent not
prohibited by any executive order of the
President or by any regulation of the
Secretary of the Treasury or of the West
Virginia Banking Department.
ADRIAN (5) (B)

Bank of Adrian

ATHENS (5)

Bank of Athens

BARBOURSVILLE (5)

First State Bank

BECKLEY (5)

Bank of Raleigh
Raleigh County Bank

BERKELEY SPRINGS (5) (B)

Bank of Berkeley Springs

CHARLES TOWN (5) (B)

Bank of Charles Town
Farmers Bank & Trust Company

CLARKSBURG (5) (B)

Lowndes Savings Bank & Trust Company
West Virginia Bank

CLAY (5)

Clay County Bank

CLENDENIN (5)

Farmers & Citizens State Bank

BLUEFIELD (5)

DANVILLE (5)

BRAMWELL (5)

DUNBAR (5)

BRIDGEPORT (5) (B)

ELIZABETH (5) (B)

BRUCETON MILLS (5) (B)

ELKINS (5) (B)

BUCKHANNON (5) (B)

Buckhannon Bank

FAIRVIEW (5) (B)

BUFFALO (5)

Buffalo Bank

GASSAWAY (5) (B)

Capital City Bank
Central Trust Company
Charleston Trust Company
Peoples Exchange Bank
Security Bank & Trust Company

GAULEY BRIDGE (5)

Commercial Bank
Bank of Bramwell
Bridgeport Bank
Bruceton Bank

CHARLESTON (5)




Bank of Danville

Bank of Dunbar

W irt County Bank
Davis Trust Company
Farmers & Merchants Bank
Bank of Gassaway
Bank of Gauley Bridge

GLEN JEAN (5)

Bank of Glen Jean

Reproduced from the Unclassified I Declassified Holdings of the National Archives

F ederal R eserv e B a n k

of

DECLASSIFIED
Authority \)~ (0 5 0 1

P ag e 21

R ic h m o n d

W E S T V I R G I N I A —Continued
2. Non-member banks licensed without any restrictions (continued):
GLENVILLE (5) (B)
Glenville Banking1 & Trust Company
Kanawha Union Bank
GRAFTON (5) (B)
Taylor County Bank
GRANTSVILLE (5) (B)
Calhoun County Bank
GREENVILLE (5)
Bank of Greenville
HARMAN (5) (B)
Stockmens Bank
HARRISVILLE (5) (B)
Union Bank of Harrisville
HUNTINGTON (5)
Huntington Banking & Trust Company
Twentieth Street Bank
IAEGER (5)
Bank of Iaeger
JUNIOR (5) (B)
Merchants & Miners Bank
KERMIT (5)
Kermit State Bank
KEYSER (5) (B)
Farmers & Merchants Bank
LEWISBURG (5)
Greenbrier Valley Bank
LOST CREEK (5) (B)
Harrison County Bank
MAN (5)
Merchants & Miners Bank
MANNINGTON (5) (B)
First Exchange Bank
MARLINTON (5)
Bank of Marlinton
Farmers & Merchants Bank
MARTINSBURG (5) (B)
Merchants & Farmers Bank
MATOAKA (5)
Bank of Matoaka
MILL CREEK (5) (B)
Bank of Mill Creek
MILTON (5)
Bank of Milton
MORGANTOWN (5) (B)
Bank of Morgantown
MOUNT HOPE (5)
Bank of Mount Hope
MULLENS (5)
Peoples Bank




NEW HAVEN (5)
Mason County Bank
NITRO (5)
Manufacturers Bank
OAK HILL (5)
Merchants & Miners Bank
PARKERSBURG (5) (B)
Commercial Banking & Trust Company
Union Trust & Deposit Company
Wood County Bank
PARSONS (5) (B)
Tucker County Bank
PENNSBORO (5) (B)
First Citizens Bank
PETERSBURG (5) (B)
Grant County Bank
PICKENS (5) (B)
Bank of Pickens
PRINCETON (5)
Princeton Bank & Trust Company
QUINWOOD (5)
Bank of Quinwood
RAINELLE (5)
Bank of Rainelle
RAVENSWOOD (5) (B)
Jackson County Bank
REEDSVILLE (5) (B)
Farmers & Merchants Bank
RIPLEY (5) (B)
Bank of Ripley
ST. ALBANS (5)
Bank of St. Albans
SHEPHERDSTOWN (5) (B)
Farmers Bank
Jefferson Security Bank
SHINNSTON (5) (B)
Bank of Shinnston
SPENCER (5) (B)
Roane County Bank
Traders Trust & Banking Company
SUMMERSVILLE (5) (B)
Farmers & Merchants Bank
Nicholas County Bank
TERRA ALTA (5) (B)
Terra Alta Bank
THOMAS (5) (B)
Miners & Merchants Bank
THURMOND (5)
New River Banking & Trust Company

Reproduced from the Unclassified I Declassified Holdings of the National Archives

d e c l a s s if i e d

Authority

P ag e 2 2

F e d eral R eserve B a n k

of

R ic h m o n d

W E S T V I R G I N I A —Continued
2. Non-member banks licensed without any restrictions (continued):
UNION (5)
Bank of Monroe
WADESTOWN (5) (B)
Bank of Wadestown
WALTON (5) (B)
Poca Valley Bank
WAR (5)
Bank of W ar
WARDENSVILLE (5) (B)
Capon Valley Bank

WAYNE (5)
Wayne County Bank
WEST UNION (5) (B)
Doddridge County Bank
W est Union Bank
WHITE SULPHUR SPRINGS (5)
Bank of White Sulphur Springs
WIDEN (5)
Bank of Widen

3. Non-member banks licensed to resume banking operations under restrictions in addition
to those applicable to all banking institutions. This list is based upon best information
obtainable:




(Seei Note Above)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority px). 10501

BEC’ IN FILES SECTION !
D
Federal reserv e Bank
of

R ic h m o n d

APR 2 4 19^
, -e.
March 14. 1933

To All Banking Institutions
in the fifth federal Reserve Distrioti
following our daily letters of March 6th to 13th, inclusive, in which
there was quoted the text of forty-eight telegrams received by this “
bank reporting
regulations or announcements by the Secretary of the Treasury, there is quoted below
the text of four additional telegrams received either from the federal Reserve Board
or direct from the Secretary of the Treasury up to the present writing - that is,
three p. m., March 14thi
(49)^ "Under authority conferred upon hi® " y Presidents proclamations of March 6
b
and 9, 1933, declaring and continuing hank holiday, Secretary' of Treasury has
issued following regulation!-*
‘
Pending the determination " y the Treasury Department of a suitable procedure
b
for licensing the delivery of gold for use in trade, profession or art,
federal reserve hanks are hereby authorised to deliver upon request therefor
gold in amounts deemed hy such “ank to he reasonably required for legitimate
b
and customary uses in trade, profession or art, provided such request is ac­
companied 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.
• l l banks licensed to open for usual and normal functions are permitted to
A'
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.1 Released to press as Regulation 25,
Secretary has also issued public statement directing that requests for de­
livery of gold for use in trade, profession or art be submitted to federal
reserve bank of the district accompanied by affidavit referred to in regu­
lation, and stating that accurate reoords must be kept of disposition of all
gold which may be released.*
(50)

"Under authority conferred upon him by President’s proclamations of Mafph 6
and 9, 1933, declaring and continuing bank holiday, Secretary of Treasury has
issued following regulation:’
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 appli­
cation fees, and in payment for domestic and foreign patent and trademark
taxes and renewals. $ o gold or gold certificates shall be paid out, with­
T
drawn, or exported under this regulation.’ Released to press as Regulation
86."

(51)

. ,
yyygv,


"Secretary of Treasury has released following statement to press!*Regulation Ho. 10, 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 commitaents.* Designated Interpretation 9."



Reproduced from the Unclassified / Declassified Holdings of the National Archives

(52)

DECLASSIFIED
Authority |p .iX (0 5 0 1

’
'Under authority conferred upon him " y President’s proclamations of March 6
b
and 9, 1933, declaring and continuing bank holiday, Secretary of Treasury has
amended Regulation 22, so that the first paragraph thereof shall read as
followsl’
All federal Land Banks, federal Intermediate Credit Banks, Joint Stock Land
Banks, federal Home Loan Banks, Corporations organised 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 hanking functions except
to the extent prohibited by the executive order of the President of the
United States issued March 10, 1933, by Pederal or State law, or as may
hereafter be limited or prohibited by regulations promulgated by the Secre­
tary of the Treasury.’ This amendment released to press."
(Note)
Regulation 22, referred to above, was included in our
letter of March 13th as (43).
Jurther regulations and announcements as issued will follow.




Very truly yours,

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority
10501

p.d.

M I8 C 124

F ederal R eserve Bank
O F R IC H M O N D
So All Banking Institutions
in the Fifth Federal Reserve District!

M
sroh

Following our daily letters of March 6th to 12th, i iclusive in which
there was quoted the text of thirty-nine telegrams received by this hank reporting
regulations or announcements by the Secretary of the Treasury, there is quoted below
the text of nine additional telegrams received either from the Federal Reserve
Board or direct from the Secretary of the Treasury up to the present writing - that
is, three p. m., March 13th:
(40)

"Under authority conferred upon him by the President’s proclamations of
March 6th and 9th, 1933, declaring and continuing bank holiday, the Secretary
of the Treasury has issued the following regulation!‘
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.1 Released to the press as Regulation 19. *

(41)

"Under authority conferred upon him by the President's proclamations of March
6th and 9th, 1933, declaring and continuing bank holiday, the Secretary of the
Treasury has Issued the following regulation*4
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 IOth, 1933, and any further orders or regulations hereafter issued.1
Released to the press as Regulation 20.*

(40)

"Under authority conferred upon him by the President’s proclamations of March
6th and 9thf 1933, declaring and continuing bank holiday, the Secretary of the
Treasury had issued the following regulation:’
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 im­
mediate supervision of any state authority may, on and after March 13thf 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 al­
low withdrawal of any currency for hoarding, nor engage in any transaction in
foreign exohange exoept such as may be undertaken for legitimate and normal
business requirements, for reasonable travelling and other personal require­
ments, and for fulfillment of contracts entered into prior to March 6th, 1933. *
Released to press as Regulation 21.*

(43)

"Under authority conferred upon him by the President’s proclamations of
March 6th and 9th, 1933, declaring and continuing bank holiday, the Secretary
of the 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 President of the United States,
issued March 10th, 1933, by Federal or State Law, or as may hereafter be lim* ited or prohibited by regulations promulgated by the Secretary of the Treasury.
v^^^’
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
/ p7
 is granted as to each such institution upon the express condition that siich


Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority f.x ). 10501

-s -

institution shall deliver, within thirty days from the date hereof, to the
Treasurer of the United States or to a [Federal reserve bant or a Federal re­
serve "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.’ Released to press as Regulation 22."
(44)

"You are advised that any National bank which issues preferred stock pursuant
to provisions of title 111 of Emergency Banking Act of March 9th, 1933, should
include such preferred stock in determining amount of Federal reserve bank
stock to which such National bank is required to subscribe under provisions
of Federal Reserve Act.H

(45)

"You are authorized to advise all banking institutions in your district as
follows:
’
All banking institutions may subscribe for these certificates for their own
account in the usual manner. Application for these certificates may be made
by subscribers other than banking institutions directly to Federal reserve
banks or branches, or at banks which are open for normal business.11
1
(Note) The certificates referred to are the new offerings of
Treasury Certificates of Indebtedness, dated March 15, 1933 Series TAG-1933 and Series TD2-1933.

(46)„ "Secretary of Treasury has issued the following statement to the pressJ'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 pri­
mary needs of the people for funds for the necessaries 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
oustomers be limited to necessary purposes.’”
(47)

"Under authority conferred upon him by President’s proclamations of March
6th and 9th and executive order of President of the United States, dated
March 10, 1933, Secretary of Treasury has issued following regulation govern­
ing all banking institutions whether or not licensed to carry on usual and
normal functions by Secretary of Treasury or appropriate state authorityi•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 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 cur­
rency is requested.' Released to press as Regulation 23.”

(48)

"Under authority conferred upon him by President's proclamations of March 6th
and 9th, 1933, declaring and continuing bank holiday, Secretary of Treasury
has issued following regulation:’
All banking institutions may cash official drafts drawn upon the Secretary
of State for payment of salaries, travelling 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.’ Released to press as Regulation 24."
Further regulations and announcements as issued will follow.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority AX 10501

Federal R eserve Bank
of

R ic h m o n d

Mareh 13, 1038.

To All Banking Institutions
in the Fifth Federal Reserve District*
We are today in receipt of a telegram from the Federal
Reserve Board asking that the following request " e transmitted
b
to all banks and hanking institutions in our distriotx
•It is requested that you prepare and forward to
the Board, as soon as possible after March 17. 1935.
as oomplete a list as oan 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 distriot since February lf 1933,
and who have not redeposited it in a bank on or before
March 17, 1933.*
In a reoent communication we made a similar request of
you, but, as you will note, the day allowed for the redeposit of
gold withdrawn since February 1, 1933, is changed from Haroh 13th
to March 17th.
While the telegram above noted specifies "member1 banks,
1
we are advised that the Board would appreciate the cooperation of
non-member banks and banking institutions alsof and it is to be
noted that we are requested to obtain information from all possible
sources.
Your cooperation in this matter will be greatly appreciated
and you are urged to forward to the Federal Reserve Bank of Richmond
all of the information you have or oan obtain on this subject as
promptly as possible after March 17, 1933.
We suggest that you give publicity to this request in your
local papers.




Very truly yours,

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority a). (0 5 0 1

Federal reserv e Bank
of

To

R ic h m o n d

S

All Banking Institutions
in the Fifth federal Reserve District!

Following our daily letters of March 6th to 11th, inclusive, in
which there was quoted the text of thirty-eight telegrams received from the
Federal Reserve Board reporting regulations or announcements by the Secretary
of the Treasury, there is quoted below the text of one additional telegram
received from the Federal Reserve Board up to the present writing - that is,
three p. m., Uarch 12thi
(39)

"Secretary of Treasury has released to the press the following telegram
sent by him to state banking authority in each statei
*As announced by the President this afternoon, a definite program for the
reopening of banks throughout the country has been determined by the 2 4 1950
I
APR
f
Secretary of the Treasury* In accordance with this program,I U- 'l Secretary / \ !
the /,
"Of the treasury is prepared upon application through Federali - L l /
reserve - A
banks .
to issue to banking institutions which are members of the Federal Reserve
System, whether National or state, located in each of the twelve Federal
reserve bank cities licenses to open Monday morning* The Secretary of the
Treasury will not issue licenses to any member bank, state or National,
located outside those twelve cities to open before Tuesday*
*State authorities having supervision over banking institutions located at
such cities which are not members of the Federal Reserve System are requested
to cooperate by permitting such banking institutions to open for business on
Monday morning, in all cases where they find them qualified to do so on the
basis indicated in previous telegram of March 10th. The Secretary of the
Treasury will not permit any member bank, state or National, to open in any
such Federal reserve city unless opened lor normal business on an unrestricted
basis, except so far as affected by legal contracts between the banks and
depositors with respect to withdrawals or notice of withdrawals.
*In accordance with the announcement of the President, the Secretary of the
Treasury is prepared upon application through the Federal reserve banks to
issue licenses to reopen on Tuesday morning to Federal reserve member banks
located in any city having an active and recognized clearing house association,
and upon like application licenses to member banks located elsewhere for re­
opening on Wednesday morning* As previously stated, however, the Secretary of
the Treasury will not permit the reopening of member banks, state or National,
on any of these days except on an unrestricted basis, as above indicated*
It must be understood that the restrictions in the President’s proclamation
against tne payment of gold, gold certificates or bullion or the payment of
currency for hoarding purposes and foreign exchange transactions will apply to
all banking institutions, member and non-member, state or National, until
further notice***
Further regulations and announcements as issued will follow.




J

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority AX (0 5 0 1

|y

EEC’D IN FILES SECTION I
Federal reserve bank
of

R ic h m o n d

APR -7
±p o

15
90

, - e . f r )

i

Ifarah 11. 1983

To A ll Banking Institutions
in the Filth federal Reserve District*

Following our daily letters of March 6th to 10thf inclusive, in
which there was quoted the text of thirty-three telegrams received from the
federal Reserve Board reporting regulations or announcements by the Secretary
of the Treasury, there is quoted below i&T text of five additional telegrams
received either from the Federal Reserve Board or direct from the Secretary of
the Treasury up to the present writing - that is nine p. m., March llthi
(34)

"Secretary of the Treasury has today sent following telegram to state hanking
authority in each state*•All banks of the oountry are now prohibited under the proclamation of March
9 of the President from conducting any hanking husiness| except as specifi­
cally authorized by rule, regulation or license of the Secretary of the Treas­
ury 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 seotion
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 Seoretaiy of the Treasury*
however, to permit no member bank to reopen at any time on a full 100 per c^nt
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 per cent under this procedure will be per­
mitted to continue to perform only such specific transactions as are now au­
thorized 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 au­
thorities have sufficient information upon which to consider applications for
reopening by such state banks as are not members of the Federal Reserve Sys­
tem! 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 th e f
in their judgment may deem wise. It is to be expeotedf 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 oarry 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 E f t . 10501

8

(55)

"The following executive order signed by President of the United States this
afternoon, March 10th, ‘ virtue of the authority vested in me by Section 5 (B) of the Act of
By
October 6, 1917 (40 Stat L.411) as amended by the Act of March 9, 1953 and by
Section 4 of the said Act of March 9, 1935, and by virtue of all other author­
ity vested in me, I hereby issue the following executive orderi
* T e Secretary of the Treasury is authorized and empowered under such regu­
!h
lations as he may prescribe to permit any member bank of the federal Reserv’
d
System and any other banking institution organized under the laws of the United
States, to perform any or all of their usual banking functions, exoept as
otherwise prohibited.
*The appropriate authority having immediate supervision of banking institu­
tions 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.
*A11 banks which are members of the federal Reserve System, desiring to re­
open 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 re­
serve 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 hie behalf
and upon his instructions.
‘
Until further order, no individual, partnership, association, or corpora­
tion, 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.
*Ho permission to any banking institution to perform any banking funotions
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 trans­
action 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
Maroh 6, 19525.
f
Bvery federal reserve bank is authorized and instructed to keep itself cur­
rently informed as to transactions in foreign exchange entered into or con­
summated within its district and shall report to the Seoretary of the Treasury
all transactions in foreign exchange which are prohibited.*
(Signed) franklin D. Roosevelt,
President
The White House, March 10, 1953.«




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ «D. 10 SO I

-3 -

(36)

"following statement by the Secretary of the Treasury released to the press
this afternoon, Maroh 10th, 'Under the terns of the Aot of March 9, 1933, immediate action has been taked
by the President and the Secretary of the Treasury which will make possible
tie resumption of “
banking operations in substantial volume at a very early
date, fending such resumption the vital needs of communities must f e met.
e
Attention of all hanking institutions is called to regulation 10 which is still
in force and which as amended provides for cooperation between banks in dif­
ferent communities and reads as followsi"Any Hatlcnal or state banking institution may exercise its usual banking
funotions to such extent as its situation shall permit and ad shall b0 abso­
lutely necessary to meet the needs of its community for food^ medioine, other
necessities of life, for the relief of distress, for the payment of ustiai
salaries and wages, for necessary current expenditures for the purpose of
, ^ maintaining employment, and for other similar essential purposes. Banking
institutions may oarry out such transactions as may be necessary to any bank­
ing institutions in other communities to meet the necessities set forth above.
Provided, however, that (1) every precaution shall be taken to prevent hoard­
ing or the unnecessary withdrawal of ourrency) (2) no state banking institu­
tion shall engage in any transaction under this regulation which is in viola­
tion of state or federal law or of any regulation issued thereunder| (3) no
National banking association shall engage in any transaction under this sec­
tion 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 certifi­
cates shall be paid out. Each banking institution and its directors and of­
ficers will be held strictly accountable for faithful compliance with the
spirit and purpose as well as the letter of this regulation.*
•Jederal reserve banks may carry on such funotions as may be necessary to
facilitate transactions authorized by this regulation.
*In order to enable member banks of the federal Reserve System to meet the
needs of their respective communities to the extent authorized by this regUr
lation federal reserve banks may make advances to such member banks under the
conditions set forth in section 10 (B) of the Federal Reserve Act as
amended by the Aot of March 9, 1933, and in accordance with authority granted
by the federal Reserve Board.
'In addition, in order to enable individuals, partnerships and corporations
to meet their immediate payroll requirements, Federal reserve banks may make
temporary advances to such individuals, partnerships and corporations on their
promissory notes secured by direct obligations of the United States in aooordioioe with authority granted by the federal Reserve Board, **

(37)

"Under authority conferred upon him by Presidents proclamations of March 6
and 9, 1933, declaring and continuing bank holiday, Secretary of Treasury has
issued following regulations 'Any banking institution may, when the owners consent thereto, pay oheoks is­
sued prior to March 6, 1933, and received in due course of business by the
drawee banking institution, by oharging the amounts thereof to the accounts of
the drawers and crediting such amounts to the accounts of suoh owners on the
books of the drawee banking institution.’ Released to press as Regulation 17.“




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^ A)* 10501

■ 2 rW - &

-4(38)

"Under authority conferred upon him by President’s proclamations of March 6
and 9, 1933, declaring and continuing hank holiday, Secretary of Treasury
has issued following regulations
•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 certi­
ficates shall be paid out.’ Release to press as Regulation 18."
Further regulations and announcements as issued will follow.




Very truly yours,

Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

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

Federal R eserve ban k
O F R IC H M O N D

March 10, 193S

TO ALL STATE BANKING INSTITUTIONS
OP THE FIFTH FEDERAL RESERVE DISTRICT!
On March 8th we received the following telegram from the
Federal Reserve Board for communication to all member banks♦ We
have'since received authority to send it to all banking institutions*
"It is requested that you prepare and forward to the
Board as soon as possible after March 13, 1933, as complete
a list as can be made from information you are able to ob~
tain? of the names and addresses of all persons who have
withdrawn gold from your bank or a member bank in your dis­
trict since February 1, 1933, and who have not redeposited
it in a bank on or before March 13, 1933.”
We wish and expect to have your full cooperation in this
matter, and would thank you to prepare a list covering, as far as
possible, all cases in which such withdrawals of gold (including, of
course, gold certificates) have been made from your bank* You
should exclude from the list the names of any persons who have redeposited or who may redeposit such withdrawn gold or gold certifi­
cates with you on or before March 13, 1933* The list of names and
addresses, including where possible the amount of gold or gold cer­
tificates withdrawn and not redeposited, should be forwarded to us
as soon as practicable after March 13, 1933,
We suggest that you give publicity to this request in your
local papers




Governor

Reproduced from the Unclassified I Declassified Holdings of the National Archives

M IS C

DECLASSIFIED
Authority
(0 5 0 1

124

Federal reserve bank
O F R IC H M O N D

March 10, 1933

To All Banking Institutions
in the Fifth Federal Reserve District*
Following our daily letters of March 6th to 9th, inclusive, in which
there was quoted the text of twenty-nine telegrams received from the Federal Reserve
Board reporting regulations or announcements by the Secretary of the Treasury^ there
is quoted below the text of four additional telegrams received either from th$
Federal Reserve Board or direct from the Secretary of the Treasury up to the present
writing - that is, four p. m., March lOthi
(30)

"Secretary of Treasury has issued the following press release* ’
The President
has today urged the immediate enactment of legislation dealing with the exist­
ing banking situation. It appears that prompt action will make banking fa­
cilities and an adequate supply of currency available. Notwithstanding the
expected early opening of banks, the Seoretary of the Treasury interposes no
objeotion to the issuance of clearing house certificates or other evidences
of claims against assets of banking institutions, in communities where local
conditions made such action necessary. The regulation issued by the Secre­
tary 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 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.*1
1

(31)

"There is quoted below a statement which has just been released by the Secre­
tary of the Treasury! 'The emergency banking legislation passed by the Con­
gress today is a most constructive step toward the solution of the financial
and banking difficulties which have confronted the country. The extraordinary
rapidity with which this legislation was enacted by the Congress heartens and
encourages the country. This legislation makes possible the opening of banks
upon a sound basis, backed by an adequate supply of currency, Through this
law the banks which will open will be placed In a position to meet all demands.
This assurance should restore confidence and create the foundation for a for­
ward movement in business activities. It will be the policy of the Treasury
to permit as rapidly as possible the opening of the sound banks. There are,
of course, many thousands of such banks which will promptly be restored to
the performance of their normal functions. The Treasury has already taken
steps to secure information through proper authorities as to the condition
of the various banks of the country and immediately invited from the banks
applications for reopening. While much information has already been assembled,
the completion of the information and of the arrangements of the banks for
resuming their funotions takes some time. It has, therefore, been decided not
to authorize any reopenings before Saturday, March 11th. It is obvious that
it will not be possible to act upon all of the applications even by Saturday.
Regulations governing reopening and also other subjects governed by the legis­
lation will immediately be published.'*




3

o 4\ (

0 > ")

Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority A)» (0 5^)}

8(32)

"Under authority conferred upon him by president*s proclamation of March 6,
1933, as extended, declaring bank holiday, Secretary of the Treasury has
issued following regulation: *A11 banking institutions are hereby authorized
to take such steps and carry through such transactions as may be neoessary
to complete for their own account, or the aooount of their customers., payment
of any subscription for Treasury bills of the United States for which payment
was due on Maroh 6, 1933.1"

(33)

"Executive order or regulation will issue shortly directing 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, to
apply for a license to the Secretary of the Treasury, applications to be filed
with the federal Reserve Bank in the appropriate district. The appropriate
authority having immediate supervision of banking institutions In each state
" will be authorized under suoh regulations as suoh authority may prescribe to
permit any banking institution in suoh state or place, other than member
banks of federal Reserve System, to perform any or all of their usual banking
functions, except as otherwise prohibited."
further regulations and announcements as issued will follow.




Very truly yours,

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority fc.iX 10501

M IS C 124

FEDERAL RESERVE BANK

EEC’D IN FILES SECTION

R ic h m o n d

APR -7 1950n

\

H i Q.- C & - )

of

I

l
t

March 9. 1933

To All Banking Institutions
in the fifth Federal Reserve District*
Following our letters of March 6th, 7th ? and 8th? in whioh there was
<poted the text of twenty-three telegrams received frdm the Federal Reserve Board,
Washington, I. 0., oommunioating to us regulations or announcements by the Secretary
X
Of the Treisury under authority conferred upon him " y the Presidents proclamation
b
declaring the existing hank holiday, there is quoted below the text of six
additional telegrams of similar purport received from the Federal Reserve Board up
to the present writing - that is, five p. m., March 9th.
(8)
J4

"Under the authority conferred upon him by the Presidents proclamation of
Jteroh 6, 1933, declaring a hank holiday, the Secretary of the Treasury
authorizes ANY FEDERAL RESERVE BANK, at its discretion within the limitations
of the Federal Reserve Act and the regulations of the Federal Reserve Board
thereunder, (1) to make transfers of credit on its hooks between foreign
current accounts, (8) to make transfers on its hooks of hills and securities
between foreign aooounts? (3) to make transfers of earmarked gold from one
foreign custody account to another, (4) to receive gold whioh is released
from earmark for foreign account, provided that the proceeds thereof are
credited on its books in dollars, (5) to make transfers on its books from for­
eign current accounts to the accounts of member banks and/or non-member clear­
ing banks, (6) to receive payments in dollars or gold or any other form ac­
ceptable to it on account of, or in settlement of, obligations due it from
foreign correspondents, and (?) to credit on its books to foreign current
accounts United States ourrenoy or gold deposited with it. Unless otherwise
ordered by the Seoretary of the Treasury, no suoh transactions shall involve
the export or paying out of any gold or silver coin or bullion or ourrenoy,
the transfer of oredit from the United States to any place abroad, or an
increase in the total amount of gold held by such Federal reserve bank under
earmark for foreign account."

(8)
35

"Secretary of Treasury advises Regulation number 5, dated March 6, 1933,
is not to be interpreted as permitting any banking institution to acoept
payment of any obligation not solely owned by it in any form which is hot
authorized by the person entitled to the proceeds,’*
(Note) Regulation number 6 of March 6, 1933, referred to
abovef was designated in our letter of March 6th
as (6).

(86)

"Secretary of Treasury advises ’
Regulation No. 10 issued under the President's
proclamation is interpreted to authorize payments for fertilizer and for vege­
table and agricultural seeds for Bpring planting, where suoh payments are ab­
solutely necessary and where the seed and/or fertilizer are for Immediate use.
(Note) Regulation No. 10, referred to above was desig­
nated in our letter of March 7th as (11).




Reproduced from the Unclassified / Declassified Holdings of the National Archives

(*7)

( 28)

(89)

DECLASSIFIED
Authority p d . 1 0 5 0 )

•Secretary of Treasury advises ‘food or feed products V as used In Regulation 6
may be construed as including whole grain if such grain is intended for pro­
cessing or consumption in the immediate future.1
1
(Jfote) Regulation 6, referred to above, was designated
in our letter of March 6th as (5).
•Secretary of Treasury advises ‘
Release of funds for purchase of cotton where
absolutely necessary to maintain operation is interpreted as "necessary cur­
rent expenditures for the purpose of maintaining employment and for other
siailar essential purposes1 as used in Regulation IQ.1*
1
*
(Note) Regulation 10, referred to above, was designated
in our letter of March 7th as (li).
•Secretary of Treasury advises that cigar manufacturing companies should be
referred to collectors of internal revenue for information regarding purohase
of internal revenue stamps in connection with cigar manufacturing.*




Very tru ly yours,

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority
10501

pd.

M IS C 1 2 4

Federal reserve bank
O F R IC H M O N D

March 8, 1933,

$o Member Banks
of t l Fifth Federal Reserve District*
i©
Referring to the regulation of the Secretary of the Treasury issued
pursuant to authority conferred upon him by the President’s proclamation de­
claring the existing hank holiday, designated as (17) in our letter of March
8th, we are giving below the conditions under which this bank will conduct the
transactions authorized by the Secretary.
As a condition precedent to the exercise of any of the privileges
granted in the Secretary*s regulations, a banking institution a t s
rit
(1) deliver or agree to deliver as quickly as possible all gold
and gold certificates held by such banking institution in its own
right. Such gold will be credited to the bank's aocount or exchanged
for other forms of currency and/or coin.

(2) advise the Federal Reserve Bank of the amount of currency and
coin which the bank has on hand at this time and also inform the Fed­
eral Reserve Bank fully as to the circumstances which give rise to the
need of more currency and/or coin in addition to the amount whioh it
already has on hand.
If the Federal Reserve Bank is satisfied that the applying 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 the bank holiday, the Federal Reserve Bank will agree
to furnish the applying bank with such limited amounts of currency and/or coin
as in our opinion are absolutely necessary and proper to enable such bank to ex­
ercise the restricted funotions that are permitted by such regulations. The
applying member bank may pay the Federal Reserve Bank or provide funds to pay
the Federal Reserve Bank for the amount of currency and/or coin allotted in one
of the following methods!
(1) Check against its reserve balance on our books, provided such
balance is in excess of the bank's required reserve or at least in ex­
cess of the bank's reserve balance on the books of the Federal Reserve
Bank when the present bank holiday was declared] that is to say, a mem­
ber will not be allowed to reduce its reserve balance with the Federal
Reserve Bank for the purpose of obtaining currency and/or coin under
this regulation unless the actual reserve balance of such bank is in
excess of its required reserve or in excess of the amount that was on
our books at the beginning of the holiday.
(2) Rediscount with the Federal Reserve Bank in order to provide
funds with which to pay for such currenoy and/or coin. loans to any
member bank for this purpose will be made only against the member bank's
collateral note seoured by eligible and satisfactory collateral.




Reproduced from the Unclassified / Declassified Holdings of the National Archives

DECLASSIFIED
Authority jp
(OSOj

Page B

(3)
Have funds transferred to the federal Reserve Bank for its
oredit on our "books with which to pay for suoh currency and/or coin.
Such transfers will be received by us from member banks in other fed­
eral reserve distriots for the credit of our member banks or from our
own ©ember banks for the credit of another of our member banks, but
no member bank will be permitted to make a transfer from its reserve
account to the account of another member on our books unless the mem­
ber bank requesting the transfer has a reserve balance in excess of its
required reserve or in excess of the balance on our books at the date
the present holiday was declared. Any member bank requesting a trans­
fer to another member bank for the purpose of supplying currency and/
or coin to the bank receiving the transfer must deliver to us or agree
to deliver to us as quickly as possible all gold and gold certificates
held by it in its own right, the same as if it were itself maki&g ap­
plication for additional amounts of currency and/or coin under this
regulation.
In connection with paying out ourrency, member banks are reminded
that the payment of gold certificates is unlawful and are cautioned in paying
out currency whieh has been put up in packages to inspect the packages care­
fully to see that none of them contain gold certificates.




Yours very tr u ly ,

George J. fceay7
Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

____

......................................... ..... -

........

DECLASSIFIED

Authority

A ) « 10 S O 1

M IS C 124

FEDERAL RESERVE BANK
O F R IC H M O N D

Maro l 8t 1913
i
To All Banking Institutions
i . the Fifth Federal Reserve District:
n
Following our letters of March 6th and 7th, in which there was quoted
the text of fifteen telegrams received from the Federal Reserve Boards Washington,
D. C., communicating to us regulations or announcements by the Secretary of the
Treasury under authority conferred upon him by the President's proclamation declar­
ing the existing bank holiday, there is quoted below the text of eight additional
telegrams of similar purport received from the Federal Reserve Board up to the pres­
ent writing - that is, three p. m., March 8th. All future telegrams of like nature,
which we Will number consecutively as they are received,, will be communicated to
you in similar letters each dayi
(16)
“Under authority conferred upon him by President’s proclamation declaring bank
" holiday, Secretary of Treasury has issued following regulations! 'Federal re­
serve 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 C P D transactions.♦*
(17)

*Under authority conferred upon him by President's proclamation declaring bank
holiday Secretary of the Treasury has issued following regulation? 'laoh Fed­
eral reserve bank may (1) make available to its member baiiks 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
6f the treasury pursuant to the President's proclamation declaring a bank holi­
day 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 funotions permitted by such regulations, (8)
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
feuch 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
Oomplying strictly with the spirit and purpose as well as the letter of iuoh
regulations* Provided, however, that before granting any such discounts, ad­
vancements or accommodations or making suoh limited payments of coin and/or
currency, the Federal reserve bank shall first require the member bank, (a) to
inform tie Federal reserve bank of the amounts of coin and currency which it
has on hand, (b) to inform the Federal reserve bank of the oiroumstances giv­
ing 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."1

(18)

*The Secretary of the Treasury has issued the following announcement and has
released the same for publication! 'In order to facilitate the prompt dissemi­
nation of information regarding and interpretation of regulations issued by the
Secretary of the Treasury pursuant to the President's proclamation dated Maroh
6, 1933 declaring a bank holiday, it is requested that all inquiries for infor­
mation regarding and interpretation of any of such regulations coming from




iJUd

30

i (> - )

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority
(0 5 0 1

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.***
(19)

"Under authority conferred upon him by Presidents proclamation declaring bank
holiday Secretary of the Treasury has issued following regulation? ’
Federal
reserve banks in their discretion, are authorized to handle checks and collec­
tion 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 itemst Provided, however, that
no gold 'or gold certificates shall be paid out by such Federal reserve banks.*1
1

(20)

"Under authority conferred upon him by President’s proclamation declaring bank
holiday Secretary of Treasury has issued following regulation! ’
All Federal
reserve banks are authorized to continue their usual and normal functions per­
taining 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.*”

(21)

"Seoretary of Treasury advisess ’
Regulation number ten of March seven under
the President’s proclamation of March six is held to authorize payments on
aooount of pensions,, workmen*s compensation, disability insurance, relief and
unemployment.*"
(Note) Regulation number ten of March seven, referred to above,
was designated in our letter of Maroh 7th as (11).

(22)

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

(23)

"Under authority conferred upon him by the President’s proclamation of Maroh
6, 1933, deolaring bank holiday. Secretary of Treasury has issued following
regulation! ’
The permission granted in regulation number 7 that deposits
heretofore received by any banking institution pursuant to agreement or legis­
lative 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 reoeiving bank in accordance with such
agreement or legislative authority. *"
(Note) Regulation number 7, referred to above, was designated
in our letter of March 7th as (7).




Very^^rjGJr yours,

0eo*
Seay*
Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority X)« 10501

M IS C 124

F ed era l R eser v e Bank
o f R ic h m o n d

_
__ ,
kec'd un mSTiESjoSr!
I
'

,

APR 2 4 1950 x

‘

March 7, It33.

To All Banking Institutions
i l the filth Federal Reserve District!
l
Following our letter of yesterday there is quoted below the text of
nine additional telegrams received from the Federal Reserve Board; Washington, D? C,f
regarding regulations Issued by the Secretary of the Treasury under authority con­
ferred upon him by the President’s proclamation declaring the existing bank holiday!
(7)

lender authority conferred upon him by President’s jproolamatlon declaring
- banlc holiday Secretary of Treasury has issued following regulations!
(a)’
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*
(b) Any banking institution which was lawfully engaged in tie business
of receiving deposits prior to March 6, 193&| 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 re­
serve banks or invested in obligations of the United States*
(c) Federal 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 re­
ceived 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 Re­
serve Bank by symbol or otherwise that the funds so deposited re­
present new deposits made under this regulation,
(d) upon receipt of such deposits such Federal reserve bank shall credit
the same in the special account of the depositing bank herein pro­
vided for and shall hold the same solely for repayment to such bank.
Federal reserve banks shall permit the withdrawal of any part
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 ac­
count, provided however tJiat no banking institution shall pay out
or permit the withdrawal of any gold or gold certificates,”*

or

(8)

"Under authority conferred upon him by President’s proclamation declaring
bank holiday Secretary of Treasury has Issued following regulation! Nihere
settlement for checks charged by drawee institution to the drawers’ accou&tg
on its books on or before March 4, 1933 is incomplete, settlement may be com”
pleted where such settlement does not involve the payment of money or currency.* n




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority
10501

8-

(9)

"Under authority conferred upon Secretary of Treasury by Presidents proclama­
tion declaring bank holiday, you are advised that 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 in­
volve 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 Presidents proclamation advances of local currency in the insular
possession may lawfully be made."

(10)

"Under the authority conferred upon him by the President’s proclamation of
March 6, 1933, declaring a bank holiday the Secretary of the Treasury has is­
sued th6 following regulation! ’
Any banking institution may deliver to the
person entitled thereto properly identified documents and securities held by
such institution for safekeeping.

(11)

"Under authority conferred upon him by President’s proclamation declaring
bank holiday. Secretary of Treasury has issued following regulation! *Any
national or itate banking institution may exercise its usual banking func­
tions 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 neces­
sities 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 precaution shall be given to prevent hoarding or the unneces­
sary withdrawal of currency} (2) no state banking institution shall engage in
any transaction under this regulation which is in violation of State or fed­
eral law or of any regulation issued thereunder; (3) no national banking as­
sociation shall engage in any transaction under this section which is in vio­
lation of any federal law or of any order or regulation issued by the Comp­
troller of the Currencyj (4) no gold or gold certificates shall be paid out.
Bach 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.,n

(12)

"Under authority conferred upon him by President’ proclamation declaring
s
bank holiday, Secretary of Treasury has issued following regulation! 'Any
banking institution lawfully engaged in the business of acting as trustee,
exeoutor, administrator, registrar of stocks and bonds, transfer agent,
guardian of estates, assignee, receiver, committee of Estates of lunatics»
or in any other fiduciary oapacity may continue to transact such business
In the normal and usual manner) provided that in the conduct of said busi­
ness, except as may be permitted by other regulations of the Secretary of
the treasury, such banking institution shall not pay out or permit the with­
drawal of coin or currency nor withdraw any trust or fiduciary funds on de­
posit with any other department of the bank.’"

(13)

"Under the authority conferred upon him by the President’s proclamation of
March 6, 1933, declaring a bank holiday, the Secretary of the Treasury has
issued the following regulations! ’
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 insti­
tution to its creditors and depositors on a pro rata basis, provided, how­
ever, that no such certificates shall be issued before Priday, March 10,
1933, without the consent of the Secretary of the Treasury addressed to the




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority p.d. (0 5 0 1

( 8)
Clearing House or other association proposing to issue such certificates, and
further provided that this permission may be revoked in the event that a na­
tional plan to meet the existing emergency is proposed by the Secretary of the
treasury if in his opinion the success of suoh plan would be inconsistent
with the operation of the certificate plan. *
*
(14)

"Issuance of regulation re shipments of currency by federal reserve banks to
banking Institutions in order to make suoh payments of cash as various regula­
tions of Secretary of Treasury permit is under active consideration by Secre­
tary of Treasury who has not yet determined upon exact phraseology. You will
be advised promptly.*

(15)

"You are authorized to inform all banking institutions and others concerned
that the term ’food or feed products* in Regulations six under the Presidents
proclamation promulgated March 6, may be interpreted to include live stock
on the way to slaughter. * *




♦JTotei The Regulation six referred to was designated in our
letter of March 6th as (5>,

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED

Federal
of

'£p

reserve

R

b a n k

ichmond

All Banking Institutions
In the Fifth Federal Reserve District I

There is quoted below the text of six telegrams rec
Federal Reserve Board, Washington, D. C., regarding regulations issued by the Secretary
Of the Treasury under authority conferred upon him by the President's proclamation de­
claring the existing bank holiday!
(i)

"Under authority conferred upon him by President's proclamation declaring 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. Text of formal regulations will be transmitted to you later. Please
advise all banking institutions in your district as soon as possible."

(а) ""Under authority conferred upon him by President*® proclamation declaring bank
holiday, Secretary of Treasury has issued following regulations 'All banking in­
stitutions may allow their customers free access to the safety deposit boxes and
sales rented to such customers.*"

()
8

"Under authority conferred upon him by President's proclamation declaring bank
holiday, Secretary of Treasury has issued the following regulations* '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 closing of business hours and have not been entered on the books
of such banking institution.*
"

()
4

"Under authority conferred upon him by President’s proclamation declaring bank
holiday, Secretary of Treasury has issued the following regulation: '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.*"

(5 )

"Under authority conferred upon him by President’s proclamation declaring bank
holiday, Secretary of Treasury has issued following regulations ’
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 put 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 institutions shall pay out or permit the with­
drawal of any gold or gold certificates.*"

(б)

"Under authority conferred upon him by President's proclamation declaring bank
holiday, Secretary of Treasury has issued the following regulation; *Any banking
institution may accept payments in cash or any other form acceptable to it on ac­
count or in settlement of obligations payable at or to such institution.*"




Very truly yours
(|eo# J. Seay,
Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority
(0 5 0 1

CIRCULAR NO. 181

Effective March 6, 1933

F E D E R A L R E S E R V E BA N K O F R IC H M O N D

“SPECIAL ACCOUNTS” WITH MEMBER AND NON-MEMBER BANKS
To A ll M em ber a n d N on-M em ber B a n k s
in tq e

F ift h F ederal R eserve D istrict :

Under regulations of the Secretary of the Treasury issued under the authority of the Pres­
ident's proclamation of March 6 1933, Federal reserve banks are authorized to open special
,
accounts with member banks and temporarily with non-member banks.
The regulations of the Secretary referred to are as follows:
“Deposits heretofore received by any banking ins t t o pursuant to agreement or
ti u i n
l g slative authority providing for segregation and for repayment without restr
ei
iction
may be paid on demand.
“Any banking i s itution which was lawfully engaged in the business of receiving
nt
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 lim­
itation and 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 non-member banks and may receive in such special accounts
the proceeds of new deposits received by such banking i s i u i n . In making deposits
ntttos
with the Federal reserve bank pursuant to this regulation the depositing bank shall i
n
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 repayment to such bank.

“Federal reserve banks shall permit the withdrawal of any part or a l of such new
l
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 i to be made from such special account, pro­
s
vided however that no banking institutio shall pay out or permit the withdrawal of any
n
gold or gold c r i i a e .
etfcts”
1
.
For the present and until further notice member and non-member banks desiring to
open the special accounts above referred to with the Federal Reserve Bank of Richmond will
be permitted to send for their credit only checks on the Treasurer of the United States, ma­
tured coupons payable ' y U. S Government, and currency and c i . All shipments of currency
b
.
on
and coin must be made in accordance with the regulations and requirements of our current
circulars relating thereto.




Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority
0501

p.d. 1

2 Carrying charges on such incoming shipments of currency made by member banks in
.
accordance with our Circular No. 119, entitled “Currency and Coin”,will be borne as hereto­
fore by the Federal Reserve Bank of Richmond. For the present and until further notice the
Federal Reserve Bank of Richmond will pay carrying charges on such shipments made by non­
member banks for credit in special account, i such shipments are made in accordance with the
f
provisions of our Circular No. 124, entitled “Currency and Coin Shipments by Non-Member
Banks.”
3 In each case of a deposit for special account the l t e accompanying and describing
.
etr
Treasurer’ checks or Government coupons should plainly state that the deposit i made for
s
s
special account, and the le t r accompanying each shipment of currency or coin, and the sepa­
te
rately mailed l t e giving us advice of such shipment, should plainly indicate that such de­
etr
posit i for credit in special account.
s
4 W e are enclosing herewith a form of an agreement which must be executed by each
.
member and non-member 'bank desiring to open a special account with the Federal Reserve
Bank. Upon signing and f l n with us the agreement enclosed, we will open a special account
iig
for any member or non-member bank. Member banks may withdraw funds from that account
upon the signature of any of i s o f c r who have 'been previously authorized to sign for i
t fies
t
and whose signatures are on f l with u . While we will immediately receive from any nonie
s
n^ember bank currency and c
oin, checks on the Treasurer of the United States and matured
-U. S. Government coupons and will give credit to such bank in a special account, we will not
permit any withdrawals from such special account by a non-member bank until a resolution in
the form enclosed has been duly adopted by i s Board of Directors, and a c r i i d copy of the
t
etfe
resolution and a copy of the agreement duly executed and a signature card showing the sig­
natures of the duly authorized o f c r of the non-member bank have been f l d with u . The
fies
ie
s
signature card will be sent promptly upon request.
5 Withdrawals by member banks from their special accounts may be effected by means
.
of their drafts drawn upon the Federal Reserve Bank of Richmond and signed by o f c r au­
fies
thorized to withdraw funds from the regular reserve accounts of such banks, but such
drafts should plainly indicate that they are to be charged against the bank’ “Special Account.”
s
Any drafts not so marked will be regarded as drawn against the member banks* regular reserve
accounts. Withdrawals of deposits by non-member banks may be effected by their drafts upon
the Federal Reserve Bank of Richmond signed by proper o f c r of the bank after the Federal
fies
Reserve Bank of Richmond has been advised of the appropriate action of such non-member bank
by resolution of i s Board of Directors referred to above establishing the account and author­
t
izing such o f c r to withdraw funds deposited in the special account and after proper speci­
fies
mens of the signatures of such o f c r have been f l d with the Federal Reserve Bank. Every
fies
ie
draft drawn by a non-member bank on i s special account must likewise be plainly marked
t
“Special Account.” Until further notice to the contrary checks on special account, whether
drawn by member banks or non-member banks, should be presented in a l cases by the drawer
l
bank, which i in accordance with the regulations of the Secretary of the Treasury.
s




Very truly yours,

Governor.

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority
(0 5 0 1

pd.

B K 38

FED ER A L RESERVE BANK O F F

MOND

DEPOSIT AGREEMENT DATED ........................................ , 1933, BETWEEN A BANKING INSTITU­
TION LOCATED IN THE STATE OF ............................................., HEREAFTER CALLED
“THE DEPOSITOR” AND FEDERAL RESERVE BANK OF RICHMOND,
HEREAFTER CALLED “THE RESERVE BANK.”

Whereas the depositor has by law and/or regulations of the state and federal banking authori­
ties in pursuance thereof been authorized to accept deposits which it is required to keep separate
and segregated from its other assets, and to that end desires to deposit with the Reserve Bank money
or checks, drafts, and other instruments, and to keep all balances arising from such transactions
separate and segregated from other balances, if any, on deposit in the Reserve Bank;
Now, therefore, this agreement witnesseth that:
(1) The Reserve Bank shall open with the depositor a separate account which shall be desig­
nated and known as “the special account of the depositor.”
(2) The depositor may deposit with the Reserve Bank current funds or checks payable on
demand or may send to the Reserve Bank for collection maturing notes, bills, and other instruments
of the kind and character which the Reserve Bank is by law and the Regulations of the Federal
Reserve Board authorized to receive on deposit or for collection. All such deposits or collections
and the letters transmitting the same shall be clearly marked so as to designate that the said de­
posits or the proceeds thereof are intended for deposit in the special account of the depositor. The
marking and designation shall be in such form and manner as the Reserve Bank shall from time to
time by notice to the depositor require.
(3) All checks or other cash items deposited with the Reserve Bank for credit in the said spe­
cial account shall be handled by the Reserve Bank subject to the terms of the Regulations of the
Federal Reserve Board and the published circulars and time schedules of the Reserve Bank relating
to the clearing and collection of the checks and cash items, and all maturing notes, and bills and
other non-cash items shall be forwarded to the Reserve Bank for collection in accordance with its
published circulars relating to the collection of maturing notes and bills and other non-cash items.
(4) All withdrawals from or charges against such special account shall be made on drafts or
orders signed or given by such officers and agents of the depositor as now are or hereafter may be
authorized by the depositor to act for it in withdrawing funds from the Reserve Bank; and all such
drafts or orders shall be plainly marked in such manner as to show that they apply to the said spe­
cial account.
(5) The Reserve Bank agrees not to appropriate or apply any funds of the depositor in the
special account to the payment of the rediscounts or loan liabilities or any other indebtedness of the
depositor to the Reserve Bank existing at the date hereof.
(6) The Reserve Bank shall be fully protected in relying on any instructions received from the
depositor with respect to deposits in or withdrawals from said special account, including instruc­
tions to transfer funds from said special account to the old account of the depositor or to apply
them in any manner, and under no circumstances shall the Reserve Bank be responsible or liable in
any manner whatsoever for any application of funds in the special account made under the order or
direction of any officer or agent of the depositor duly authorized to withdraw funds from the said
special account or to direct charges against it.
(7) This agreement may be terminated at any time by either party by notice in writing to the
other; but such termination shall not affect the handling of checks, drafts or other items received
by the Reserve Bank before such notice is given or the right of the depositor to withdraw or receive
the balance to its credit in such special account or the proceeds of items deposited or entered for col­
lection in such special account according to the provisions of Paragraph 3 hereof.
Witness the following signatures:
FEDERAL RESERVE BANK OF RICHMOND




By

7

Governor.

By

(Depositor)

0

Reproduced from the Unclassified I Declassified Holdings of the National Archives

B K 39

DECLASSIFIED
Authority a . (0 5 0 1

F E D E R A L R E S E R V E B A N K O F R IC H M O N D

RESOLUTION BY BOARD OF DIRECTORS
OF NON-MEMBER BANK.
I, ............................................................................................................. . do hereby certify that I am
the Cashier (Secretary) of the..................................................................................................... Bank of
............................................ .............., a banking corporation duly organized and existing under and
by virtue of the laws of the State of ............................................. , and as such officer have full
charge and custody of the books, records and corporate seal of the said corporation, and that
the following *is a true and correct copy of the original of a resolution duly adopted by the
Board of Directors of the said corporation at a meeting of said Board duly called and held in
accordance with the law in the articles of association or incorporation and the by-laws of said
corporation on th e .....................day o f ..............................................., 193......:
“BE IT RESOLVED that the officers of this corporation be authorized and directed to open
with the Federal Reserve Bank of Richmond an account for the deposit of money, and the de­
posit and collection of checks, drafts, notes and other items upon such terms and conditions as
may be agreed upon by the Federal Reserve Bank of Richmond and any of the officers of this
corporation hereafter named.
Withdrawals from or charges against such accounts may be made upon the checks or
drafts on order of the President, any Vice-President, the Cashier, any Assistant Cashier or
(Strike out the title o f any officer not authorized and insert title of others authorized, if any)

of this corporation or any one of them.
A list of such officers and a specimen of the signatures of each of them shall be certified
to the Federal Reserve Bank of Richmond by the Cashier (Secretary) of this corporation, and
the Federal Reserve Bank of Richmond is authorized to rely and act upon any draft, order,
authorization or direction which any of the said officers may issue or give in respect to the said
account until due notice in writing of the termination of the authority of any such officers is ac­
tually received by the Federal Reserve Bank of Richmond.”
In witness whereof I hereby sign my name and affix the corporate seal of the
...................................................................................... Bank o f .........................................................................
th is.....................day o f ..........................................................., 193.......




Cashier (Secretary)

Reproduced from the Unclassified I Declassified Holdings of the National Archives

DECLASSIFIED
Authority ^
10501

FR F R 36
OM . . 2

REC’D IN FILES SECTION

6

7 1950

APR
<.
9

Date
K ind

of

Material : £«-A.

Name

or

Subject :

REM
ARKS:




/a ( T > ^

D a i*
r b o <+ . i

Hr

I

3 3