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Federal Reserve Bank of St. Louis
122.5-8 - Louisiana Appeal
(Part 1)
Boundaries of FRDistricts
•
:‹MMIVEI)
:j 3 1916
OFFICERS
NEW ORLEANS BRANCH
R. H. SAU N DE R 5,
CHAIRMAN OF THE BOARD.
MARCUS WALKER,
MANAGING DIRECTOR.
D.
G. DUNN,
CASHIER .
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Federal Reserve Bank of St. Louis
17;0
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FEDERAL RESERVE BANK
( SIXTH FEDERAL RESERVE DISTRICT.)
NEW ORLEANS,LA.
D IRECTORS
()Mau
W. J. DAVIS.
JACK SON, mISS.
J. H. FULTON,
NEW ORLEANS, LA.
P.H. SAUNDERS.
NEW ORLEANS. LA.
MARCUS WALKER,
NEW ORLEANS.LA.
SOL WEXLER,
NEVV ORLEANS,LA.
JAS. E. ZUNTS,
NEW ORLEANS. LA.
December 31st/1915
Honorable Charles J. Hamlin, Governor,
Federal Reserve Board,
Washinton, D. C.
Dear Sir:As requested in letter from H. Parker 7/allis,
Secretary, dated December 22nd, 1915, I hand you herein
brief of the Kew Orleans Branch of the Federal Reserve Bank
re transfer of the entire State of Louisiana to the SIXTH
RESEaVE DISTRICT.
As suggested by him, I have forwarded a copy
of this brief to the Federal Reserve Bank at Dallas.
Attached to this brief, you will notice a copy
of a telegram which we sent to the Governor of the Federal
Reserve Bank at Dallas, asking him to forward to us a copy
of their brief; but, from hi s reply, they appear to be
waitin, for our brief before making an answer.
I am also sending a copy of the enclosed brief
to each member
or
the Federal Reserve Loard.
Yours respez,tfulliy,
yr
(EITOS
# „,/"1
Chairman of Committee
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OFFICERS
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fir EDERAL RESERVE BANK
Or ATLANTA.
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:JACIKSON,
C) j.H.*FULTON,
, NEW ORLEANS, LA.
P.N. SAUNDERS.
1
NEW ORLEANS. LA.
01,,,,RCUS WALKER.
,
ORLEANS.LA.
/
"
( SIXTH FEDERAL RESERVE DISTRICT.
Copy sent to:Hon. W. C. noAdoo,
Hon. John Skelton 7ill1ans,
Hon. Paul I.I. WarblarG.
Hon. 7. P. q. Harding,
Hon. Adolph C.
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Federal Reserve Bank of St. Louis
DIRECTORS
MOBILE, AL.A.
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MARCUS WALE}
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December 31st/1915
Honorable Oharles O. Hamlin, Governor,
Federal Reserve Board,
Washington, D. G.
Dear Sir:-
/I
As requested in letter from 11. Parker Willis,
Secretary, dated December 22nd, 1915, I hand you hereinbrief of the Now Orleans Branch of the Federal Reserve Bank
re transfer of the entire State of Louisiana to the SIXTH
MERU DISTRICT.
As suggested by him, I have forwarded a copy
of this brief to the Federal Reserve Bank at Dallas.
Attached to this brief, you will notice a oopy
. ,
• ,.:
of a telegram wh2oh we sent tothe Governor of the Federal
Reserve Bank at Dallas, asking him to forward as a copy ,
of their brief; but, from his reply, they appear to be
waiting for our brief before making an answer.
entails() sending a copy of the enclosed brief
to each menber of the Federal Reserve Board.
Yours respectfully,
(once)
(SiuneW J. H. 'Fulton.
C'nairinan of Co:ittee.
FtlEANS,LA.
LEANS.LA.
_re
/
//
4 'TELEGRAM
4
Form 40
III
FEDERAL. RESERVE BOARD
WASHINGTON
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:outson.
:n'odoral noserVe Bak.
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Yola. tulot;rza, -00anber twent
Board Ilan (7,•onto:1
days 1;ft&.x rocoil:t of brief for Alinc of rcrp4:
';ocrotary.
OFFICIAL BUSINESS
GOVERNMENT RATES
CHARGE
for FRASER FEDERAL RESERVE BOARD
Digitized
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Federal Reserve Bank of St. Louis
oriod of thIrty
-
POSTAL TEr7GRAPli
CLARENCE H
COUNTER No.
COMMERC'AL. CABLES
MACKAY, PRESIDENT
TELEGRAM
TIME FILED
The Postal Telegraph-Cable Compdny(Incorporated)transmits and delivers this message subject to the terms and conditions printed
[DESIGN PATENT Ns. 411521]
SEND the following Telegram, subject to the
terms on back hereof, which are hereby agreed to.
Dallas, Texas.
Larcus
Dee. 2D, 1015.
Esq.,
Mgr. Fedefal reserve Bank,. F.O., La.
Telegram received.
In view of fact that ours will be
a reply brief, which will not be prepared until after
ik ins study of yours, CO) has not .been forwarded_
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Federal Reserve Bank of St. Louis
r.L. Van 7.andt, Governor..
on the back of this blank
2-576
,-
7
POSTAL TELEGRAPH — COMMERCIAL CABLES
CLARENCE H. MACKAY, PAF.storwr
RECEIVED AT
NIGHT TELEGRAM
-The Postal relegraph-Cable Colopany( Incorporated)trdnsmits and delivers Night
111111
24-18613
Messages subject to the terms
DEPOVI
WNO.
and conditions printed on the
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collect ry. CR
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rederal Reserve Board
rashn
NewOrleans wires that they are
their brief which will be
forwarded to us
Our counsel considers sixty days
short time in which to
having prepared a copy of
prepare
connection
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Federal Reserve Bank of St. Louis
Tenison
completed
after receipt a reasonably
and file reply brief and
earnestly requests that limitation of
please advise preferably by Wire
when
Tanuary twenty first be extended,
'
6f your action in this
Arent
POSTAL TEGRAPH :::COMMERC"AL CABLES
,AY
CLARENCE
COUNTER No.
TIME FILED
-
H.TELEGRAM
The Postal Telegraph-Cable Ccmpany( Incorporated)transmits and delivers this message subject to the terms and conditions
printed on the back of this blank
OMAN PATENT Ns. 48521]
SEND the following Telegram, subject to the
terms on back hereof, which are hereby agreed to.
"Tew Orleans, La.
ecember 29, 1915.
F..L.Van Zandt, Governor,
Federal :eserve Bank,
Te:as.
BOAED HAS REQUESTED US TO CELD DIRECT COPY OF BRIEF IN LOUIS LAM
BAITK MATTER TO YOU. ARE HAVING TIT E SALE COPIED FOR FOR';;AEDIITG.
PLEASE ADVISE IF YOU HAVE FORWARDED US copy or YOURS ON SA32 SUBJECT.
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Federal Reserve Bank of St. Louis
::arcs Thlker--Lanaer
2-578
voc-orricto
MEMBERS
•
ARLES S. HAMLIN. GOVERNOR
REDERIC A. DELANO. VICE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
H. PARKER WILLIS,SECRETARY
SHERMAN ALLEN. ASST. SECRETARY
NTS
ADDRESS REPLY TO
WASHINGTON
FEDERAL RESERVE BOARD
December 29, 1915.
YIP7TORANDULI FOR DE. WILLIS
The following is the result to date of our poll of the
National banks in that part of Louisiana which is in District
No. 11, as to whether or not they desire
to be transferred to
the New Orleans branch of number 6.
Total number of banks
Number desiring to be transferrd
Number desiring not to be transferred
Number not voting
26
13
10
3
Total Capital and Surplus of banks desiring to be transferred
,2,494,120.00
Total capital and surplus of banks which
do not desire, to be transferred
2,213,365.83
Total capital and surplus of banks which
have not replied to Boards request
180,000.00
I have obtained from Mr. Harding's office and revised to
date the map showing the location of the banks desiring transfer,
those not desiring transfer, and those not replying.
This map
together with the parers accompanying the same I have returned to
Mr. Harding's office.
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Federal Reserve Bank of St. Louis
130:-;i1D FILE
December 2L, 1915.
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For your int'ormati on I 9tic lose herew ith copy of a 1 et tor just sent ta Mr. John.
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Federal Reserve Bank of St. Louis
Fulton of New Orleans,
O. Tenion,
QhL rrnan, Board of .Uirect or
.rk
.
oaer I R°cerv e .Ba - of Dallas.
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Federal Reserve Bank of St. Louis
.1
FLL,LfiAL
Decanber
DOAaD
1915.
Your letter of Doceaber 18 addrossod to lionorablc
•
2
1 . 1:i. !larding, NV/10 breu ,rht before the Federal Ileserve
3oard at its meeting yesterday, and I was inF3tructcd to say
that thc Board woild be hapriy to hvive your brief as soon
as conveniOnt, z.lnd that it has offioi.0.1y voted to send a
copy thereof to tlr rode 1- al Pesorve .13paik: of Drilla°.
In
order to tq,ve time, 17 I af.SIC that you will forvard a copy
,
to the Bank at 1?.i.1.1c..s, send!lc us additioara copies no that
Vi0 may transmit it 6fficia1ly in the usual cti:rse?
3Jard has
The
..4.rthor acrood that reply briefs may be filed up
to January 21.
Respectfu4y,
Socretary.
iir. John
President, The CommErcial Nat ional Bank,
!rev.' Orl,::ans,
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Federal Reserve Bank of St. Louis
11E3 ORLEANS BRANCH
-------
FEDERAL RE8ERVE BANK
RE TRANSFER OF
THE ETTIRE STATE OF
L
OUIS IA
TO
SIXTH
T
5' 2 R
1;
-
A
E
DISTRICT.
S
OFFICER S
. SAUNDERS,
CHAIR MAN or THE BOARD.
DIRECTORS
NEW ORLEANS BRANCH
MARCUS WALKER,
MANAGING DIRECTOR.
C. C. DUNN,
CASHIER .
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Federal Reserve Bank of St. Louis
FEDERAL RESERVE BANK
( SIXTH FEDERAL RESERVE DISTRICT.)
A. P. BUSH,
MOBILE, ALA.
W. J. DAVIS.
JACK SON, MISS.
J. H. FULTON.
NEW ORLEANS,
P. H. SAUNDERS.
NEW ORLEANS. LA
MARCUS WALKER.
NEW ORLEANS.LA
SOL WEXLER,
NEW ORLEA143.LA
JAS. E. ZUNTS,
NEW ORLEANS.LA
NEW ORLEANS,LA.
December 21st/1915.
The Federal Reserve Board,
Washington, D. C.
The undersigned desire to and do hereby present
to the Federal Reserve Board a statement of some of the
reasons why the whole State of Louisiana should be attached to the sixar RESMVE DISTRICT instead of to the
FITNENTH RESERVE DISTRICT.
As at present divided, the State of Louisiana is
apportioned between the SIXTH RESERVE DISTRI",T tributary
to the Branch Bank at New Orleans, and the ELEVM1r1H RESERVE DISTRICT tributary to the Bank at Dallas.
This
is an unnatural condition, as the whole State of Louisiana is, naturally, and has been for many years, tributary to I:ew Orleans. That the division is unwise is most
clearly shown by the attitude of the Banks in Louisiana
which have been a-ollortioned to the two Districts.
Turning first to those Da/1
3m which have been apportioned to the New Orleans District, we find them e:Itirely
satisfied with the disnosition that has been made of them.
On the other hand, the Banks situated in Louisiana which
have been apportioned to the Dallas District are anything
but satisfied. These are twenty-rive in number; twenty out
of these twenty-five have signed a petition addressed to
your Honorable Body, in which they request that they be removed from the ELEVFI;TH DISTRICT and placed in the SIXTH
or New Orleans District.
The aregate capital and surplus
of the twenty Banks which have signed this petition amounts
to '
..3,926,0'.0.
Of the five remaining Banks, one (The Commercial National Dank of 31reve_\ort'l has not been included
for the reason that since
E. Kirby Smith, the ?resident
of the Bank, is a member of the Board of the Dallas Bank, it
was thoujht it would be a source of embarrassment to him to
suest that his institution sign the petition, and we think
it fair, therefore, that that institution be eliminated from
the discussion and placed in the -osition of benevolent neutrality.
The Cour remaining Banks which have not signed
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Federal Reserve Bank of St. Louis
•
•
4
have an aggregate capital and surnlus of A82,000.
We have, therefore, the overwhelming majority, both
in number and amount, favorable to the transfer of all Louisiana Banks to the New Orleans District. The mere fact that
twenty out of twenty-five Banks, of their own volition, have
come forward and asked to be transferred to the New Orleans
District, is, perhaps, as cogent an. argument as could be presented to you in favor of the change.
The men in charge of
these Banks are, of course, the best judges of their own interests, and as they are practically unanimous in their belief that
they should be placed in the New Orleans District, we think we
may safely say that it is thereby established that the best interests of the Banks in question would be subserved by granting
their rec,uest and removing them to the New Orleans District.
Those Banks, however, have not been content to let their case
rest upon the practical unanimity of their decision. They have
been at some pains to give the reasons upon which these opinions
have been based. Thos reasons are as follows:
1st. During a long series of years the entire State of
Louisiana has done its banking business and made the greater part
of its banking, mercantile, financial and industrial connections
through the Banks located in the City of New Orleans, which is at
present in the SIXTH DISTRICT. In fact, so marked is and has been
this financial leadership of New Orleans in the territory surround,
ing it and including, particularly, the territor: in which these
twenty-five Louisiana Banks are situated, that the banking laws of
the State of Louisiana were highly developed at a very early period
in American history, and were the models ur:on which the banking
laws of the other parts of the Union were constructed.
2nd. The condition referred to in the foregoing paragraph
is due to the fact that the State of Louisiana looks, to a large
extent, to the City of New Orleans as a natural market for its produce and as a natural source of its supplies, and, therefore, it
follows in the normal course of trade and business that the banking,
mercantile, financial and industrial relations and convections of
the State should be had through that City.
Developing this fact a little further, we call the Board's
attention to the fact that the main business of the State or Louisiana consists in the producing and handling of rice, cotton, sugar
and lumber. The rice produced in Louisiana, and particularly in
that part of Louisiana which has now been insulated from New Orleans, is almost entirely produced with money secured through New
Orleans.
The natural result has been that the course of trade
this rice has followed the source from which the supplies come,
for
and the rice itself moves to market to or thr ,ugh New Orleans.
1
(3)
This means that the rice farmers, millers and operators purchase
their sulpplies almost entirely in New Orleans and do the bulk, if
not all, of their business through that City.
This condition
has continued, notwithstanding the fact that the local Banks in
the rice belt have been disassociated from New Orleans and been
placed in the Dallas District.
In fact, the only effect produced
by associating these Banks with the Dallas District has been to
work a hardship on the Banks disassociated from New Orleans and
placed in an unnatural association with Dallas.
The same thing may be said, perhaps with greater force,
in regard to the cotton industry.
New Orleans is so well and favorably known as a port of oot ton export, and the impetus given to
that business by the close and intelligent attention which has of
late years been given to the )ort facilities and warehouse facilities for cotton at New Orleans is also so well known, that it would
be an act of supererogation on our part to call it to the attention
of the Board here.
The long established course of business and
the intelligent and effective development of that business of late,
have united in securing for New Orleans the cntire cotton business
of the State of Louisiana.
Moreover, the New Orleans Cotton Exchange is the leading Spot Cotton Exchange in Amerioa, and certainly one of the two or three leading Exchanges in the world and, naturally,attracts business to that )ort.
The fact of the matter is,
that the struggle for trade between the Texas ports and the New Orlaans port has (as the famous Shreveport case most clearly shows)
been carried on, not in Louisiana territory at all, but entirely
in Texas territory; the question at issue being, not whether all
of Louisiana shall be tributary to New Orleans,- since that has
been universally, taken for ,;ranted,- but whether a considerable portion of the Panhandle of Texas should not be tributary to the Crescent City.
That the sugar industry of Louisiana is in a position similar to the position of the rice and cotton industries needs no demonstration.
It has never been claimed that a single dollar or the
sugar business of Louisiana is done other than in or through New Orleans.
As we do not think that this will even be controverted, .;e
simply mention it; at the same time, we desire to call to the Board's
attention the fact that the sugar industry is a very large one, and
that the banking business done in connection with the production and
marketing of sugar is of enormous volume, the figures running into
many millions.
flereover, the business is one which requires special
knowledge and which can be handled successfully and to the advantage
of the planter only by the banker who, from long and intimate association with that business, knows and appreciates fully its needs and
requirements.
In view or these facts, it has Yorkea and will work
a tremendous hardship on the Banks in the sugar district and on the
sugar producers, manufacturers and sellers to assio them to a District Bank which has had absolutely no experience whatever in the
sugar business, and the location of which is such that it will not
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Federal Reserve Bank of St. Louis
•
()
4
tend to give them this experience.
::or will an indefinite amount
of time remedy this condition, for the natural course if sugar is
to the East and (as the short experience of these Banks in this rich
section of territory in the Dallas District has amply de-onstrated1
the fact that they are attached to that District does not have the
effect of making them look to that District for their needs. Its
entire effect consists in makine; it more difficult for the sugar
planter to handle his business through the local Dank, and more difficult for the local Bank to handle this business with a Reserve Bank.
The situation in reeard to the lumber industry, while not
quite so acute as the sugar situation, is still striking.
The best
evidence of the natural course of the trade of the lumber industries
of Louisiana now attached to the Dallas District is to be derived from
the fact that those ver:r lumber industries, to a laieee extent, have
concentrated their selline forces and selling headquarters in New Orleans. The Southern Cypress I:anufacturers Association, which is the
well known Jeneral advisory council of the cypress sellers of Louisiana, is located in New Orleans, as is also the Louisiana aed Cypress
Company, a concern which hnndles the output of a ver- larue number,
if not a majority, of the Louisiana Cylvese :ails.
A similar oranization or the pine peele is also located in rew Orleans.
It seems
anamolous to force these people, 4sinancially, in a direction which is
diametrically oposed to tivit which they have normally assumed in their
own trade development; to make them do their ban.kine in Dallas and their
business in :Jew Orleans; to make them earn the money in :ew Orleans and
deposit in Dallas; and to borrow L Dallas for business done in 7ew Orleans.
Probably the most effective way of )ointing the area:lent
which we have sot forth above is to j.ve you succinctly the experience
of one of the larerst Banks attached to the Dallas District, and which
experience appears in one of the letters attached hereto. That letter
reads in part as follows:
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Federal Reserve Bank of St. Louis
"As we are located, we, naturally, do business with
New Orleans, and do business with Dallas only in an
"unnatural or out-of-the-way" way.
Illustrating
this, I may say the
Bank joined the Reserve Bank's Inter-collection System immediately upon
its establishment in this District in order to be as
helpful as possible in creating a natural flow of
businese.
This Ban:: has done throueh the Dallas office all
of the business that it has been practical to do without unnecessary expense to itself and without inconvenience to it customers.
This T3anle, durine the period from January 1st,
1915, to October 31st, 1915, inclusive, sent to the
(5)
Federal Reserve Bank at Dallas 48 transit
items of aggregate value 3185,930.48, and
to its Nea Orleans. correspondents 23,002
items of an aggregate Value of 1,801,221.61.
During the same period it drew against
its account with the ?ederal Reserve Bank 32
drafts of aggregate value :
:
.;233,576.48, and
upon its New Orleans correspondents 6,988
drafts of an ag,regate value of 34,81
5,566.31.
During that Period it has shipped in
currency from the Federal Reserve Bank agregating 376,000., and from its correspondents
468,430., illustrating pointedly the natural
treff, of our business".
When the Board considers that the Bank, whose experience we have just set forth, is one of the largest Banks
in the
part of Louisiana which has been attached to Dalla
s, and that the
Bank in question has ten branches in ten different towns
or cities of Louisiana, it will more fully appreciate the force
of the
contention that we'are making and the justice of the reque
st which
is made by these Banks,- that they be transferred into
the New Orleans District.
3rd. The next reason advanced by the applicants for the
chance is that the general geographical situation of the State
and
the location of the transportation lines and facilities for
speedy
communication naturally suggest that they should be made tribu
tary
to New Orleans. It is a geographical fact too well known to need
elaboration, that New Orleans is at the foot of the Mississipp
i valley and the water routes all lead,- not to Rome,- but to New Orleans.
In the development of the country, the railroads, at an
early date, naturally followed the water routes, and, there
fore, the
upbuilding of the railroad systems of Louisiana, naturally, were
extended, with New Orleans as the hub. New Orleans, until it grew
too
large, was the capital of the State of Louisiana and has,
since time
was, been the commercial metropolis of that
State. The result of all
this was and is that New Orleans is a point
to which access may be
had quickly and often from any other point
in the State of Louisiana.
This means that the train service,- passe
nger, freight and express,and the mail service into New Orleans,
to and from the points at which
the various petitioning Banks are locat
ed, is excellent and is incomparably quicker and more frequent than the
train eervie, express service and mail service to those points
from Dallas.
In this connection, we call your attention
to the statement in the letter from one of the
Lake Charles Banks attached, readin:
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Federal Reserve Bank of St. Louis
(6)
"The train service between this point
and New Orleans is very convenient for our use,
New Orleans being but 213 miles distant; We get
all of our currency shipments from the City of
New Orleans, as we find it more convenient and
satisfactory in every respect".
To the letter from one of the Banks located in
Opelousas, reading:
"Loreover, the New Orleans mail and ex2ress
facilities are so much superior to those of Dallad that we do not expect to enlarge our dealings
with the Federal Reserve System, unless we be
transferred to the New Orleans Branch of the :,tlanta Bank".
To the letter from one of the Banks located in
Shrevenort, reading:
"Our geographical location and transportation lines and facilities for obtaining currency
and speedy communication, combined with the larger comparative proportion of our business, as
stated above, make it desirable and advantageous
to us to be affiliated with the Branch Ban, at
:
New Orleans, instead of the Bank at Dallas".
To the letter from the 'anic located at Lake
Providence, reading:
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
"The major part of our business is handled
through New Orleans. The differende in time is
twenty-four hours in favor of New Orleans, the
majority of our cotton goes to ITev; Orleans, and
the fact that course of trade and the natural
trend of this Bank's transactions wo,Ild be through
New Orleans".
To the letter from the Ban:: in :!onroe, reading:
"In the early days, before the country became filled up with railroads, the navigable
streams being the principal means of communication between distant points, th channels
of
trade were so firmly fixed and established between Nev; Orleans and the surrounding territ
ory,
that it has never been materially changed
or
disturbed.
We have practically no commercial
intercourse on the lines running East and
'llest.
This is true with reference to towns and
cities located very much closer to us than Dallas
, Texas.
(7)
The amount of merchandise and commerce flow
ing
to and fro between Dallas, Texas, and our own
City of :onroe, Ia., is so smal: that it is
not
even worthy of inking an estimnte. mills bein
g
true, the banking business, naturally foll
owing
the trade route, is almost exclusively on
a northern and southern course. If the entire busi
ness
we handle, which could more conveniently
be clearned
through Dallas than through New Orleans, by send
ing
to. the Federal Reserve Bank at Dallas, was all
put
together for a period of one year, I do not thin
k
it would equal one average full day's business
in
our own Bank.
Our connection with Dallas has been of so
little i ortance that we have never maintain
eu a
correspondent in their City.
The opening of the Federal Reserve Bank in
Dallas and our being placed in that District
has
not made the slightest change in the rout
ing of
our business; that is to say, we are continui
ng to
send the bulk of it to the City of New Orle
ans and
the northern and eastern cities, rarely ever
having
occasion to send an item est".
Another very sure index of the course of trade
is to
be found in the exchange business done with
the Banks at the various
joilits and the two Banks, the one at Dallas
and the one at Yew Orleans. The situation in this respect is stri
kingly illustrated by
the figures quoted above from a Lake Prov
idence Bn1. These figures
are borne out by similar figures from:i othe
rs of the petitioners.
Thus we find another Lake Charles Bank giving
its figures as follows:
"For the months of August, 3eptember and
October, 1915, we had 107 items on Dall
as, and during
the same period we sent 3,043 items
to the City of
New Orleans".
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
One of the Opelousas Banks writes:
"The reason for making the rec
.;uest, as stated
in a Previous letter, is that
we have no business
connections whatever with Dallas,
and the only
business we have had with the
Dallas Federal oserve
3ank is t- pay the installm
)
ents of capital stock
called for and to remit the rese
rve de_:
)osits ro_uir,;(
1
.
under the lawn.
One of the Shreveport Ilanks
writes:
"The, natural trend of a large
proportion of
our business is towards
New Orleans and not to
Dallas, as evidenced by
the large amount of
Items handled by us
from January 1st, 1915
,
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
•
•
A
(0)
to October, 1915, viz:.5,331,7 15.90
New Orleans,
Dallas,
2,451,233.57,
notwithstandin the fact that we joined the
7edera1 eserve Banl:'s Inter-collection aystem
so as to :jive the Dallas Dank as much business
as possible".
From the foreoinc we respectfully subldt, it will
be apparent to your Honorable Board that the natural course
and convenience of trade of that portion of Louisiana which
is attached to the Dallas District is not westward and towards
Dallas, but southward and eastward, to- rds and th:.olv;i1 rew Orleans.
If this be cstablished, the case for New Orleans is
comolete, for the ?ederal eserve 3an]c Act s)ecifically 'provides
that the 7edera1 aeserve Districts shall be apportioned with due
re,.ard to the convenience and customary course of business within
the United at:tes and with foreijn countries, and once we establish the fact that the customary course and convenience of all
Leuibiana Banks is throuc row ,^rlens, it necessarily C llows
;h
that the Board will observe the rec.uirements ilvosed unon it by
the Act which created it and _rant the petition of the lare majority of the interest, d Banks, that all Louisiana be :ssincd to
that District headed by the Branch Banc at rew Orleans.
Respectfullz, submitted,
Chairman iTevi Orlans Branch
oCeral Heserve Dan of Atlanta,
•
377
TO Th7 FEDER:.L RESERVE BOARD:
In response to your request, and by
ority of its Board of
fider-i>utece
Directors, I beg to advise that the
(Name of bank)
of
"e'etew
desire to
(Fgwee—er does not)
be transferred from the Eleventh Federal Resc,rve District to the New
Orleans Branch of the Si;:th raderal Reserve District.
(Name and offic
Dated
Remarks:
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
';',r,"
„k
ern
.
•, 9
•
•pt
t1M,
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4
/ 71
07)
.1
444
0.//itt
i
ir .
jl O
i
h(fr- MM/ (7(
64041(
December 18th 1 915
w. P. C. Hard inc, Esq.,
Federal Reserve Board,
Washincton, D.
Dear 1.:r. Hardin:-.
Referring to your suzestion
the last time we had the pleasure of seeinc you
here, we have our brief in the matter of the transfer of the Louisiana Banks from the I=EITTH DISTRICT
to the SIXTH DISTRICT completed, and I should be glad
to inicw if you wish us to foraard this to you at the
present time.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
...DLRAL
December 17, 1915. '
Mr. Charles L. Provost,
Vice-President, People's National Bank,
New Iberia, La.
Dear air:Your letter of December 13th, stating that
yoU are undecided as to the desirability of a transfer
of your Bank from its affiliation with the Federal
Reserve Bank of Dallas to the Lew Orleans Branch of
the Federal Eeserve Bank of Atlanta, is received.
The Federal Reserve Board has no printed
m-tter in this connection and wrote to the banks as it
did to you to determine their wishes in the matter.
There is enclosed for your information a copy
of the Federal Reserve
Very respectfully,
Secretary.
BOAr‘D 1.1LE
if.bERAL RE - viE i3OARD PHI
,
,. 0. iehieor,
it),Jetruil
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Texus.
Yckx
kve ret,of4,%: tr.l.o-rAfer
flIG0 bui6f. IL iv t,,xycut
Cc4icz
bu
yot,
icuir4hb:,t1;-.v, which
livtrict rve Int yet
they .iliA‘Jc vo r4hcrti:i.
,n filed.
:LIS •
"...,7,cretAry.
ik
reasuvu Pepartnxtut
TELEGRAM
H
32zovv
colllact
rilus Tax
pctclU
Fodral Ile:wrve Board
Viaohn
elease mail me ut once COTA.05G
of petition and brief
and
by Louisiana Bankers askirc for
1i other document
filod
tr,:.n3fer to Atlanta District answor
.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Tenison
Agent
323p
•
•
fr
li*C4*-44;
" •
„if
17'
,J1:
0
4`rff
/'O?
• flefrf--60:,
,
nFr
3015
TO THE FEDER:Ii RESERVE BOARD:
In response to your toquest, and by authority of its Board of
Directors, I beg to advise that the
(Name of bank)
of
sire to
(PL.co)
(Does or does snot)
be transferred from the Eleventh Federal Reserve District to the Nev
Orleans Branch of tha
Federal Reserve District.
(Nana and official title.)
Dated
Remarks:
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
14-
_
A
13.'4
377
TO THE FEDER'l RESERVE BOARD:
In response to yout tequestj and by authority of its Board of
Directors, I beg to adviso that the
of
Homer
Louisiana.
Homer National Bank
(ilame of bank)
desire to
(Does or does not)
be transferred from the Eleventh Federal Rasrve District to the New
Orleans Branch of tha Si;:th raderal Reserve District.
....m.01111111101.
(Nana and official title.)
Dated
Des 6th
t_r
4
'
14115/
Remarks:
The Homer National Bank of Homer
La.
beg to say
that they have received very courteous treatment from the hands
of the Officialw of the Eleventh
Dtitrict sank and have no
reasons to ask for a chancse,and beg to be left in this District.
and trust the Board will see fit to let us remain wp.eire, we are.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
kla
u. 9s
oflo
6
377
TO THE FEDER.1, RESERVE 130ARD:
In response to your request, and b
pf itsoard Qf
-e<
Directors, I bog to advise that the 11
(ITame of bank)
r
of
Z
(Pli;)
desire to
(
,Does or does not)
be transferred from the Eleventh Fodor(7.1 Reserve District to the New
Orleans Branch of the Si;:th Federal Reserve District.
(Name and official title.
Dated
/
Remarks:
Because,during the long series of years,the state of Louisiana
has dcbne its banking,mercantile,financial,and indutrial connect
-tions through the banks located in the cityof mew Or, leans
which is at present in the sixth District,although the petitionigh
Bank is in the Eleventh District,;and the general geographical
situation of the state and the location of transportation lines
and facilities for speedy cominucation likewise makes it advan-ta geous fpr the petioning bank to be attached to the new Orle-ans Branch,. We feel that the division of a state made up,as is
Louisiana,between two Districts is abnormal and detrimental to the
best Interests of that state.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
T.E.FLOURNOY,PRESIDENT
I.BAER,VICE PRESIDENT
N°8654
OLIVER B.MORTON.Casni ER
F. O.GI BBS.ASST.CASHI ER
4Mitullitaltationa11gattkaouror
0
CAPITAL $ 200000 _9
SURPLUS $ 100000cLo
ittenterNimisiana
Federal Reserve Board,
Washington, D. C.
Dear 3irs:
Through our New Orleans friends we are informed that
you desire that we shall present to you the reasons that actuated
us in petitioning that we be disconnected from the Federal Reserve
District No: Eleven, with headquarters in Dallas, Texas, and transferred to the New Orleans Branch of the Federal Reserve District
No.Six, with headquarters in Atlanta.
When the committee toured the United States gathering
data upon which to base the forming of the various Federal Reserve
Districts, our president attended the meeting held in the City of
New Orleans, and with quite a number of others did everything in
his power to have New Orleans selected as one of the Federal Re,
A.
serve Dtr* - . We favored New Orleans for the reason that it
has always been the center of the commercial district comprising
North Louisiana and a vast territory in the adjoining states.
In.
the early days before the country became filled up with railroads,
the navigable streams being the principal means of communication,
between distant points the channels of trade were
SO
firmly fixed
and established between New Orleans and the surrounding territory
that it has never been materially changed or disturbed.
We have
Practically no commercial intercourse on the lines running East
•and West.
This is true with reference to towns and cities located
very much closer to us than Dallas, Texas.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
The amount of merchan-
k
0
Federal Reserve Board, 2.
disc and commerce flowing to and fro between Dallas Texas and our
own city of Monroe, Louisiana, is so small that it is not even worthy
of making an estimate.
This being true, the banking business natur-
ally following the trade route is almost exclusively on a northern
and southern course.
If the entire business we handle which could
be more conveniently cleared through Dallas than through New Orleans
by sending to the Federal Reserve Bank at Dallas, was all put together for a period of one year, I do not think it would equal one
average fall day's business in our bank.
Our connection with Dallas has been of so little impertance that we have never maintained a correspondent in their city.
The opening of the Federal Reserve Bank in Dallas and our
being placed in that district has not made the slightest change in
the routing of our business; that is to say, we are continuing to
send the bulk of it to the city of New Orleans and the northern
and eastern cities, rarely ever having occasion to send an item
west.
Yours very truly,
TEF:LL
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
President
DEAL EIL:VE E:JoD
NTS
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
tAS
December 1, 1915.
Ur. Jos. i. Breaux,
Pres. NOW Iberia Otate Matl Bank,
New Iberia, La.
h:
On October 8th, 'Est, a letter was addressed to you,
a cow of which is handed you herewith, asking you to indicate upon the enclosed blz.n?.. whetter it would be the preference
of your bank to be transferred to the 1Zew Orleans branch of
District no. 6, or whether you nrefer to remain attached to
the Dallas district,
iLe no reply has bet:n received it is probable the
matter ilas been overlooked.
The board is desirous of Lavin
an exression from all of the national banks in Louisiana which
are located in District No. 11, cnd will arpreciate it if you
will indicate tne preference of :our bank upon the enclosed
blank and forward to the Board by return mail.
Lt;spectfully,
Secretary.
Enclosare.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•F
171L.
-ec(Lber 1, 1215.
lir« L. 2.
Pros. First Uctionul Bank,
Landen, La.
On October 3th, last
you,
copy of
ich
a letter wt.s addreE,sed to
:Lnded ;7ou herewith, askinc you to
the
would
indicte upon the cnclosod blank whether it
1A.:
to the
preference of :our hanl: to be transferred
ew Or-
6, or whether you prior to
leans brc,nch of District
remvin attached to the Dallas district.
a"ole the
,!.s no reply has been received it is 1?rob
mattcr has been overlooked.
;
The 3eLrd iu desirous of havinc
bLnks in iiouisiana which
un expression from all of the 1tor.l
atIreciate it if ;;ou
are located in District No. 11, and will
the enclosed
will indicate the preference of your btlik upon
blank and forward to the Board by return mail.
Respectfully,
secretary.
Enclosure.
-
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
December 1, 1915.
0. o. Fer3
-u8on,
President, Homer IlLtional
Homer, la.
0 I L:
On October 8th, last, a letter was addressed to
uou, a copy of which is handed :
-ou herewith, c.sk..In
; ou to
,
indicate upon the encloscd bknk whet Icr it would be the
preference of your 'auk to be transferred to the New Or
leans branch of District 7o. 6, or whether you prefer to
rem,in attached to ti.e Dallas district.
As no rotly
beci. reseivt-,1 it is
matter has bec. overlooked.
,
Borrd
rebzble the
desirous of iz.lvinc
an oxpsFlon frc,m all of the mtlent) htnics in Louisiana which
tlre loczted in District No. 11, z.:d
a,nrecitAe it if you
will indiccto the preference of your bLnk upon the enclosed
:orwrd to the Board by return mail.
Lespectfully,
,c.:.ecretary.
1:nclosbre.
NTS
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Decenber 1, 1915.
1.124. L. I. nav,
President, lArst ntioLal Bunk,
De Eidder, La.
S I P.:
On October Oth, last, a lunex_vms t.'drof
.oGd to you, a
a)py of which - is handed you. herewith (Alkinc you tc indicate upon
tho enclosed blvric whethr it you'd be the rirefererco of your bank
to be transferred to tile Few Crlevms brarich of )irtrict 7o. C, or
v.eter you prefer to remiti vttrched to the Dv.11as airtrict.
As n2 reply hns been received .1.1 Iv probv.ble the matter hLs
•twen ovcrlocked.
r!he 3ord ie iesirous of hwrinc an e:Trcssion from
all of the mtientl ) 1117.s 5n Louisinm which are located in District
!TO. 11, WA will siTrecitAo it if 7vu
imlicate the preference
of your brink upon the enclosed biLnk and forward to the 3oard by return
mail.
T.espectfIllly,
:.ecretary.
Enclosure.
IITE
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
N Docenber 1, 1915.
lir. L. iainc,
Pres. Peolles E-Lti &Ink,
New Iberia, La.
On Uctober CAA, last, a letter vas addressed to
;,-ou, a copy ci wuicA is handed
you
nerowith, askinc you to
indicate upon the enclosed blank unetner it would be the
preference of your bank to be transfurred to th
leans branch of 4Astriet Se. 6, or wiAetner
1ew Orprefer to
ecIn attaced to t4le Dallas district.
Ls no reply Lae boun received it it probable the
matter has bo(n overlocked.
Thu Luk-id le desirous of havinc
an exprencion from all of the natiol.al banks in ,o..4isian
a w_ich
are located in District No. 11, and
i11 appreciate it if you
will inslicate the preference of ,!our bank upon th.e
enclosed
blank and forward to Lle Board by return mail.
Lespectfaliy,
f..ecretary.
Lnciesure.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
FEnFIAL i.-:-_,-;.,,_
\
Dece=ber 1, 1915.
Ur. A. Coreil,
Pros. Pirst National Bank,
Ville Platte r La.
I E:
On October 8th,
lairkji a 1.9.119Ttiwas
,
addressed to
::ou, a copy of which in handed you herewith, askinc you to
Indicate upon the enclosed blank '-ether it would be the
preference of :,:our bank to be trtnsferred to the New Orleans branch of District NO. 6, or wileti.ier you prefer to remain
remain attached to the Dallas district.
As no reply has been received it is probable the
mattcr
s becn overlooked.
The Bonrd is desirous of havinc
an expression from all of the nalonvl banks in ,cuisiana wdch
are lzcated in District No. 11, and will a4Treciate it if you
will indicate the preference of your br, nk upon the enclosed
,
blank and forward to the Board by return mail.
Respectfully,
Secretary.
Enclosure.
r
L
"
6858
ti
fte
0
ALBERT ESTORGE,PREs,DENT
A.DAIGRE,VicE PRESIDENT
ED.L.ESTORGE,VtcE PST
J.R.PERRY,CAsolteR
W.C.SEGURA,AEST. CASHIER
IA
aI
111
it1/
t,
.ZED JULY
CAPITAL $ I00,000°2
0
SURPLUS $30,000 Q
NEW IBERIA,LA.
Nov. 26, 1915.
Federal Reserve Board,
Washington, _ •0•
_
Gentlemen
We understand that you have under consideration
the request of some twenty-two Banks in the State of ,
Louisiana to be attached to the Branch of the Federal
2.eserve System At New Orleans, La.
We, as one of the signers of the petition, based
our rcruest on the fact that we are only one hundred and
twenty five miles frol:, New Orleans and have the advantage
of several mail trains daily, and besides, have heretofore done most of our banking business through that city.
We trust that after due consideration our
request will be .granted,, ahich we assure you wo4d be
a great convenience to us.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
itespectfully
yours,
_
Vice President.
ROBERT CHACHERE,
PRESIDENT.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
A.W. DEJEAN,
-JNO.P SAVAN'
I ST VICE PRESIDE
A.A.COMEALl.
PER
2%r VICE PRESIDENT.
ASS
,
CASH I E R
/7A- A
Age
.
1-4 4
ST()(1,1‘1 _
)
/
1--0 000
ff)
z z
()
12
iffe0(
eeffiffido.4_Z/ II/26/15.
Mr. J.H.Fulton,President,
Commercial National Bank,
New Orleans, La.
Dear Sir:
In reply to yours of the
Inst.., relative tc our vieP)s in establishing a branch Regional Reserve P.ank,
at New Orleans, La., beg to state that it
won)c: be a capital idea, and one that would
be of great relief to the banks og this vicinity in expiditing matters of business,
which is of great importance to us.
The the situation stands
at present, and to be as. brief as possible
in expressing myself, the service is very
unsatisfactory, on account of the long delay in discounting paper. It takes fully
five or six days, and as an experienced banker,
you know too well that when a bank is in need
of funds, its needs must be satisfied to day
or to-morrow, and not in five or six days as
the case is at present. Tn that Length of time
we may not be in need of the funds applied for.
Unless there is a decided change,
M predict that ultimately the National Banks in
the country Will with draw from the system.
'aith best regards,
Very Truly lours,
President.
6
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
November 24, 1915.
'.IELOPAEDULI FOE LE. HAEDING
l and
The followinc statement snows the Etc:mg:ate capita
is
surplus of the National Banks in that part of Louisiana which
ct No.
in district No. 11, w,ich desire to be transferred to distri
those wIlich
6, of taose whicft do not desire to be trnsferred and of
IIflVLnct
r^nt tn replies.
location of the asl,ontine, non-asL,enting and of tilose
which have failed to maice replies are indicated on the map.
Total Capital and Lurplus of banks desiring to
42,492,040.00
be transferred
do
Capital and Surplus of those which
1,472,365.63
not desire to be transferred
wich ha‘,e
]Cotal Capital and Zurplas oi Lace
.
921,uu0.00
not replied to the Board's reuest
(.;
«. Vz /11311/
All of Louisiana now in the Dallas (11th Federn1
eserve District)
south of the north boundary line of Vernon, RriTides, and Avoyelles
Parishes, be transferred to the Sith Federal
Reserve District and
assigned to the territory allot
ted to the Nev, Orleans
Branch.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
e:ee;
'
- 2eWeeea4rm,.xt,ri fee.dent.
6
Vireed.Z:3(17" "
,1*'
•
aete.9. We./sse.cash?
•
,A;o( á9V6
t-2,
ff,v
W7/eeteAffew-°°
LOU...TO
6
IBA &MCIMO IR
November 24, 1915.
Federal Reserve Board.
7:ashington,_D. C.
Sirs :Referring to the request made by this bank to be transferred
from the Dallas to the Atlanta Federal Reserve District, New Orleans
Branch, the reason for making the request is that, as stated in a
previous letter, we have no business connections whatever with Dallas.
The only business that we have had with the Dallas Federal Reserve
Bank has been to pay Vie installments of capital stock called for,
Moreover,
and to remit the reserve deposits required under the law.
so much
the New Orleans mail and express facilities are Asuperier to those of
Dallas that we do not expect to enlarge our dealings with the Federal
Reserve system unless we be transferred to the New Orleans branch of
the Atlanta bank.
Very respectfully,
E.B
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
President
•
UNITED STATES DEPOSITOR
H.C.DREW PRESIDENT
,
S.ARTHUR KNAPP CASHIER
J.A.BEL VICE PREST
H.H. ROCK, ASST. CASHIER
FRANK ROBERTS VICE PREsr
CALC:ASIEU NATIONAL B.PLNic
_
CAPITAL S150.00000
SURPLUS 1110a0000_0
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
lZkIcE
CHARLE S,LOUISIANA
1:ov embe r 24, 191u.
To the Chairman aiil Lismbers of the
Federal :aeserve Lcara, at
',..raShi3k;ton, D. C.
6-ent1eiren:
our letter of Kov elite r 13, 1915 filed
Supplextent
7
with your 3oci in CO MI)Cti011 with our petition for transfer from
the 2,1eventh District ,to the sixth '2ederal eserve Listrict,
to say, mention was :e in that letter of the fact that we have
under consideration iCkfr.i. amalgairation with our allied institution,
the Calcasieu Trust L 3aviLUs Lank, ingintaini, in addition to tile
head office, offices in eiit neighboriik; towns.
writiik; that letter, we have the approval of the 3o:
troller of the jurrency to the 1:lan of amal.:,a:aition, and exxect to
;
proce0d. promptly with the carryint out of the details; so that
about :.iarch 1, 1916, we will mintain offices, employin„; capital,
as follows:
Office at
loyin
Capital
...,verae Deposits
1-1 to 10-25, 1915.
175.000.
100,000.
60,000.
30,000.
30,000
30,000.
25,000
25,000.
25,000.
260,000.
3,256,008.
,
353.141 .
162,501.
88,481.
153,969.
148,479.
105,530.
61,933.
99,276.
750,000.
Laiz Charles, Ia.
Jenninb;s, La.
Welsh, La.
Labe L.rthur, La.
Caltlale, La.
Vinton, La.
,
er, La.
La.
Sulphur, L.
Lake Uharles surplus.
4,436,361.00
ive us eight additional Banks v.ho would do business
This
irect with t1B .federal Reserve Bank.
'Lore than eighty per cent. of all of the transit items
than ei,shty per cent. of all the drafts dra',..n 011 correspordents are
sent to and drawn on 1ew Crleans. 7:it:a but one or two e.1:ceptions,
they do not carry reserve cit.,- balances elsewhere than i.:ew Orleans
and:ew pork, and the proximity of i.:ew Crleans rrckes it almost compulsory that the ;reater portion of their business be handled through
;.; -ii point has direct mail and e:.-press service to ;•.evi
that point,
•
UNITED STATES DEPOSIT°•
H.C.DREW PRESIDENT
A.BEL. VICE PRES"
FRANK ROBERTS,VicE PREST
)
S.ARTH UR KNAPP.CAsmER
H.R. ROCK,AssT. CASHIER
CALCASIEU NATIONAL BANK
CAPITAL S 1500000
_3
SURPLUS S 000000_c
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12
.
kI{E
CHARLE S
, jpui
1,ova.aber 24, 1915.
sIANA "
B.- -2.
Orleans. enablik; them to aeliv e r items there ai
at every point over niiht.
receive returns
I do not 1E-ve the act:z1 fi -ures at hair, but I &LI advised.' by
the I.:_aers at the eiL,ht different branches that they do not think
they a ve rae one transact ion with Dallas a month.
r_he desire to char4;e would be based only on the ,reater conv-enlance of doik; business throuja the mtural channels, rather than in
L rounu-about v,a3r.
ctful
Vice l'resident.
CAPITAL $100,000.00
.07
SURPLUS $100,000.00
N. P. MOSS,President.
5023
S. R. PA RKERSON, Cashier.
F. V. MOUTON, Asst Cashier
JOE E. MOUTON, As5t Cashier
F. DEMANADE, Vice-Pres.
THE FIRST NATIONAL BANK OF LAFAYETTE.
( 2
2
_.
JAW. 24 v 1915.
Federal Reserve Board,
Washington, D. 0,
Sirs:-We desire to be transferred from the ELEVENTH district
to the New Orleans Branch of the SIXTH district because practically all of the business of this section of country is done
with Aew Orleans, and it would be almost impossible
to handle an account in Dallas to any advantage.
for us
The disparity
in the mail service alone, which is so much in favor of New
Orleans, in our case, means a great deal in the handling of
an account, and it would be impracticable for us to route
our business through Dallas, which is eventually contemplated.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Respectful
Cashier.
CHARLES S. HAMLIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
EX-OFFICIO MEMBERS
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
H. PARKER WILLIS, SECRETARY
SHERMAN ALLEN, ASST. SECRETARY
ADDRESS REPLY TO
WASHINGTON
FEDERAL RESERVE BOARD
November 24, 1915.
•
r
LELORANDUL FOE LE. HAEDING
The following statement shows the aggregate capital and
surplus of the National Banks in that part of Louisiana which is
in district No. 11, which desire to be tmnsferied to district No.
6, of those which do not desire to be transferred and of those which
have not sent in replies.
The location of the assenting, non-assenting and of those
which have failed to make replies are indicated on the map.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Capital and Surplus of banks desiring to
'.32,492,040.00
be transferred
Total Capital and Surplus of those which do
not desire to be transferred
1,472,365.63
.
Total Capital and surplus of those which have
921,000.00
not replied to the Board's rec,uest
•
J. S. GUENARD„PREsT.
E. J HAMLEY, V- PREST.
kair,,p°rf41e
.4 fir6,
TS'.77
H. STEIN, CASHIER
KATIE SULLIVAN, ASST. CASH
Al
atit'utal TPc-F
ait *D)
OF LAKE PROVIDENCE,LA.
FIRST MAT1 11A14
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Federal Reserve Bank of St. Louis
•
LAKE PROVIDENCE,LA.
rovmbhr,
Twenty-third,
NinetoonFifteen
71ederal 7eserve Board,
Washinaton D C
Gentlemen;
detitioninc your office to
In .
attach this bank to the Branch of the
Federal Reserve System at New Orleans
we respectfully submit the fol1owin6;The major part of our business is
handled through New Orleans ,the difference in
time is 24 hours in favor of New Orleans and
a majority of our cotton boos to
row
Crleans Ithe
-fact that course of trad- and the natural trend
of this banks'transactions would be throu611
New Orleans.
Very truly 7onrs„
Cashier
t
/
7768
THE FIRSTNATI0NAL BANK
CAPITAL #50700099
SURPLUS AND PROFITS OVER $50.000 P°
H.PATOUT,Preeident
GEO.J.LABAU, Itr vice Prest.
drEAINTE REM'LA
ST.PAUL BOURGEOIS,VTVicePrest
ARTHUR WOLFORD,C8Shier
OS WELL PATOUT,Asst.C8Shier
To the
Federal Reserve
ovember 23rd
1915
Board.
:ashinFton, D. C.
Gentlemen:May we take
ject
of transferring
the liberty of a7ain addressing you on th9tubus from
the 6th Federal Reserve
relief
and -offer
the 11th
to the
New
Orleans Brunch of
District,:e resrectfully weal to you for this
a few reasons.
Because, during the long series of years, the .;tate of Iouisian
has done its banking business and made greater .
-cart of its banking, finan
cial, mercantile, and industiial connections through the Banks
located
in the City of iTew Orleans, which is at present in the 6th District,
although
the retibtoning
4,,LA.
banks are now in the
11th District.
This condition was due to the fact that the state of Lotisiana
looks, to a large extent, to the City of -jew
for its 1:roduceanc
as
Oleans as a natural market
a natural source of its supply,and, therefore,it
follov:s in the normal course of business that the Banking,mercantile,
financial and industrial relations and connections of the state
be had
through
that City.
in anticipation of .1earinNrom you
1
favorably at an early date
we beg to remain.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
should
Yours ve -J'y truly.
(
fYI
N2 5021
IIIHs j NATIO NMIL BAN
0
_
CAPITAL_ $ 100,0000
L.J.HAK ENYOS, VICE PRes
GUS GEHR,VicE PRES.
_
SURPLUS $ 200,00000
J. A. B ENTLEY, PRESIDENT
W. D. HILL,CASHIER
T. P. WHEADON,AssT. CASHIER
ALEXANDRIA, LA.
Nov. 23, 1915.
Federal Reserve Board,
Washington, D. C.
Sirs:We have been re(uested to write and give you our
reasons, which actuated our signing the petition, requesting
you to attach our Bank to the Branch of the Federal Reserve
Bank system at New Orleans, La.
The principal reason that we advance for desiring
this change is, that we have no business with Dallas, whatever, and since the Federal Reserve system was inaugurated,
our account with the Federal Reserve Bank at Dallas, has consisted only of the deposit of reserve that we are required to
carry by law.
We have never sent them any transit items, or
collections of any kind.
On the other hand, New Orleans to us is the financial
center of the South, this being due to the fact that our section
of the State looks to the City of New Orleans as a natural market
for it's produce, and a natural source of it's supply, and it
therefore follows, that in the natural course of business, that
the Banking, mercantile, financial and iiidustrial relations and
connections of the State, should be through that City.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
The natural trend of our business is towards New
N2 5021
Ent
r
Sr
P
lir 0
1
Ni
t
l
kirl If
,4114
01[
CAPITAL $ i00,000o_o
SURPLUS $ 200,00000
_
L.J. FLAK ENYOS, VICE PRES
W. D. HILL,CAsHiEn
J. A. BENTLEY, PRESIDENT
GUS GEHR,VICE
PREST.
P. WHEADON,AssT CASHIER
ALEXANDRIA, LA.
#2 P. R. B
Orleans, and not Dallas, and if we are compelled to carry an
account in Dallas, it is not only burdensome, but expensive as
well.
We earnestly urge that we be disassociated from the
Eleventh District, and put into the New Orleans Branch of the
Sixth District.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Yours truly,
•
4J545
4
THE Fi RSVATIONALtat iMUMCHAR LES
t
THE OLDEST BANK IN SOUTHWESTERN LOUISIANA
UNITED STATES DEPOSITARY
LAKECHA1LES1A.
Nov. 22nd.,1915.
Federal Reserve Poard,
Washington, D.C.
Gentlemen:
Referring to our request to be changed to
the 6th. Pederel Reserve District, in which it is proposed
to establish a branch in the city of New Orleans, La.
We
give the following reasons for desiring this change:
First;
Approximately one third of our business is transacted with the city of New Orleans, in which city
we are carrying accounts with two separate banks.
Second: Our business did not feel the need of an account
in Dallas, Texas, prior to nor since the establishment of the Federal Reserve Pank of Dallas.
The trend of our business is not west but east
and north.
For the months of4ugust, September and October,
1915, we had 107 items on Dallas and during the same period we
sent 3043 items to the city of New Orleans. The train service
between this point and New Orleans is very convenient for our
use, Trew Orleans being but 218 miles distant.
-Ve get all of
our currency shipments from the city of New Orleans, as we find
it more convenient and satisfactory in every respect.
We have practically no demand for exchange
upon any point in Texas, and any remittance we may have to make
to Texas points, may be covered by St. Louis or New York exchange.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
In our opinion, it will be to our advantage to
•
4154
.
THE Fi RST NATIONAL BANKIYMIAKE CliARLiS
THE OLDEST BANK IN SOUTHWESTERN LOUISIANA
UNITED STATES DEPOSITARY
LAKE CHARLES,LA.
Nov. 22nd., 915
#2
Federal Reserve Board
with the Federal Reserve Branch of Yew Orleans
be associated
in practically every transaction we may have to make with the
Federal Reserve Bank.
We find it awkward to have an account in Dallas,
as it reverses the natural trend of our business.
Sincerely hoping that your Board can grant our
request, I am,
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Very respectfully,
*
-
°
2iitaeyei el,ffko79:94,oi-dory
C
Y,edet7,44eik4eirileY
i
4
Wate/o7
CAPITAL
ter/i-eVe/0"
/
$500,000.00
SURPLUS
I .').. -
$175.000.00
November-22nd-1915.
To the Ponorable Members of the
)
7eder%1 Reserve Board
Tushin7,ton, D.C.
entlemen:Oor rz.laor for desiring to be trnsferrad from
the 71eventh (TMlles) ristrict to the sixth (Atlanta) District so
to be corrected to the 7istrict of the New Orleans branch:..re
primarily, thet the natund trend of a large proportion of our 1)114,iness is towards 'ow Orleana and not to i41ai, as avienced by
the amount of item' handled by um from January 1, , 1915, to October,
1915) viz:New Orleana -
5,331,115.90
2,451,233457
notwithstanding the fact that we joined the Reserve Bankwe InterCollection System so as to give the 7Fdlas Bank au much businaaa as
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
possible.
secondly, our experience for the past twenty years
or more ia that with the exception of four
ir the year, from
first of Eeptem er to first of January, ve cold rot tuansfer funds
out of Texas to Ally other point outside of tit.!ir
excdlt by raying
.1 premium for the exchan a.
Our geographical loc-tion P.nd transport.ttion lira
nd
facilities for obtaining :carFpncy 1rd speedy comn.unibrition combinld with
(
Ajz/ ,a,,;(;o"az/triklixiwie/yor4
f_X
4adXlyedeo-gooeii,eor
3
Ateerld zik4ii/e/
r
W
ate40- -Weieye/
r, dek
CAPITAL
$500,000.00
SUR PLUS
$ 7501
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
tha larzer comparative proportion of our business as stated above
make it deirable and advant?geous to us to be Affiliated with
the Branch Bard: at New ^cleans instead of the bank at rallas.
rurthericore, considering the numb:3r of y3Ars
that this section has done the grater part of its banking and
narcantile busines through the "ity of New Orleans, whereas dur—
ing tho 4:11te time it has done only a negligible amount through
Dallas, it is only natural, irrespective of any other r3asons,
that we should Nish to be attached to the Eixth rAstrict.
Hoping that you will giqe this your favorable
consideration, we remain,
Respectfully yours,
FEDERAL RESERVE BOARD
WAS
rovember 19th, 191b.
dear Hr. HardinP.:.
/7
This report was referred by the Board to the Committee on ReCistricting.
You and Er. Y:arburg have been
watching this matter and
I think will be somewhat dis-
appointed by the fact that only twenty out of twenty-six
ban] have cent in their replies, thirteen of whom de,s
sire to be transferred, while seven desire to remain.
I v.ould suggest that you have an analysis made
to show the aggregate capital and surplus of the assenting banks; likewise of the non-assenting, and those who
have failed to make any reply; also the location of the
assenting and non-assenting banks might be shown on the
map.
Yourc very truly,
Hon. 7m. P. G. Harding.
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Federal Reserve Bank of St. Louis
NTS
lz2
FEDERAL RESERVE BOARD
November 18, 1915.
MtLORAXDUM FOR DR. WILLIS
Attached hereto you will find the replica/
of the National banks in Louisiana to tile request
of the Board for an expression as to whether or
not they desire to be transferred from District
No. 11 to the New Orleans Branch of District No.
6.
Only one reply has been received since November 6.
Our request was sent out on October
8.
There are 26 national banks in this portion
Louisiana, 20 of which have replied to the
of
Board's request.
13 desire to be transferred
desire to remain in District No. 11.
and 7
Attached is a map of Louisiana on which I
have marked the locations of the banks which have
been heard from, indicating by a red circle those
which desire to be transferred and by a black "X"
those Jiich do not. Those not replying are marked
with a red square.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
Frank 'Roberts,
Vicc-Pros., Calcasieu Nat'l a4z,k,
C;41ries, Louisiana.
that It is the untnimous desire of the officers anO directors of your bank that it be
transferred to the Uxth Federal lieserve District cnd civillg the rmsom therefor, is received, ml :I will take pleavar.
the same to the uttention of the Board,
UNITED STATES
DEPOSITORS
H.0 DREW PRESIDENT
S.ARTHUR KNAPP CASHIER
J.A.BEL VICE PREST
FRANK ROBERTS VICE PREST
H.H.ROCK A ssr. CASHIER
CALCASIEU NATIONAL BANK
CAPITAL S 150000u
SURPLUS S 100000o_o
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
P2.1{E
CHARLE ,ILDUISIANA
-1
vembe_r_I3-, 1915.
/
„tv,•
Chairman and iambers of the
Federal 'Reserve Board:,
,..•ashin6ton, D. C.
Jen-tie:nen:
This .13a1 is now a _amber of the 2,1eventh Federal eservo
District. It is the unanimous wish of its Officers I"id Directors to
be transferred to the Sixth District, owirl4 to the fact that hew Orleans is the naturL1 center with which this Lank transacts the major
portio:a of its business.
In support of this statement. I my say, this Bank has at all
times done all of the business through the DLllas Bank that it has
been practical to do in a natural way. It joined the inter-collection system im.aediately upon the establishment of the system, and
has made use of the Dallas Bank at all times in so far as it has
been practical to do so without incurriru unnecessary expense or
without inconvenienciLL its oustors.
;
clurirk; tile period from January 1, 1915, to October
This
31, 1915, inclusive, sent to the 1?edera1 "..leserva- Bank at Dallas_
.
48
transit items of an ac„;regato value of
; 185,900.43
and with its New Orleans corespondents
23002
items of an aggregate value of
4,801,221.61.
TAIrirk; the same period, it drew against
its account with the Federal F,eserve Bank
drafts of an aggregate value of
and. upoi: its New Orleans correspondents drafts of an aggregate value of
During that period. it has shipped currency in from the Federal Ileserve Bank,
azx fro:r1 its correspondents,
32
233.576.48
-
6988
4,815,566.31.
76,000.0o
468,400.00
Illustrating pointedly the natural trend of our business.
In point of mil service, there are three through mil trains
day each way between Lake Charles and row Orleans. There is one direct mail each way each vlay to Dallas. Lil de- osited in the :cost
p
Office at Lake Charles - rior to 10 P. II. is in Pew Orleans the folp
lowing morning. -lin destined for Dallas deposited after 2 P Li
does not reach Dallas in time for business until the second day.
UNITED STATES DEPOSIT°,•
H.C.DREW PRESIDENT
J.A.B EL VICE PRLST
S.ARTHUF? KNAPP CASHIER'
FRAN K ROBERTS VICE PREST
H.H.ROCK ASST. CASHIER
CALCASIEU NATIONAL BA.NIc
CA PITAL S :50000os
SU RPLUS S 100000o_o
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Federal Reserve Bank of St. Louis
LAcECHARLE 5.LOUISIAMAFRZ
i.ove iber 13, 1915.
- •
The principal acricultural industry is the L;rowilk; of rico, for
which 1;ew Orleans is the chief market.
e have um or consiCeratioi with the office of the CoAptroller
of the Currency the consolidation of the Calcasieu I:ational Dank anif,
its allied institution, the Calcasieu Trust
Savin,:s :link, which latter institution operates eight branches in addition to the office
.naintaired at Lake Charles
Lt this time no one of these eiiht
branches cloes any business with Dallas, unless it miht be the receipt and remittance for an occasional cash letter; while each of the
branches carries active accou_itswith principal balances, with 1:ew
Orleans flanks.
Res/)ectfully requestik; your careful consideration of the
L
;reater convenience to us from every standpoint from beinj placed
in position to do business at ilaw Crleans, our natural point. I arl.
Very respectfully,
Vice 2resident.
UNITED STATES DEPOSITOR
H.C.DREW PRESIDENT
J.A.BEL .VicE PREST
S.ARTH UR KNAPP CASHIER
H.H. ROCK,AsSi.CASHIER
FRANK ROBERTS,VicE PREST
1.1.2 s-
CALCASIEU NATIONAL BANK
CAPITAL $ 150.000os
0
SURPLUS S 100,000o_
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Federal Reserve Bank of St. Louis
LA1cECHARLES.L
OUISIAN APPz
November 10, 1915.
• Fulton,
Hew Orleans, Ia.
Dear yr. "
7ulton:
I beg to acknowledge receipt of your two favors of the 9th inst. I will delay for a few days my trip
to Washington, awaiting your receipt of further information
Te desire to have the Comptroller's Office
from Mr. Harding.
consider our plan of consolidation and give us :a reply on it
in time to call a Stockholders' meeting not later than December 29th, to take the action in connection with OUT propostd
change in event we desire to carry out that plan. As we have
to give thirty days notice by publication, we cannot long delay taking the matter 111) with the Comptroller.
I note
matter, and
might be of
to make use
that you are getting up your arguments in the
it has occurred to me that possibly the fol1owin7
some benefit to you. If so, you are at liberty
of the information;
In the October 23rd issue of the "American Banker" there
was an editorial headed "Currency Act's Neglected Features",
from which I quote:
"Secretary H. Darker 'Hills, of the Federal Reserve Board, speaking before the New York Charter
of the American Institute of Banking, in New York,
this week, discussed "Some Neglected Features of
the Federal Reserve Act".
"Hr. Willis held that the Reserve Banks, in order to be of the greatest service to their customers, must be regularly dealt with by them and that
this involved the regular use of the deposit accounts of the member banks with the Reserve Banks
and the free flow of funds from member Banks into
the Reserve institutions.".
As we,are located, we naturally do business with New Orleans, and do business with Dallas only in an "unnatural or
out of the ray" way. Illustrating this, I may say, the Calcasieu National Bank joined the Reserve Bank's "Inter-collection system" immediately upon its establishment in this
District, in order to be as helpful as possible in creating
a natural flow of business.
UNITED STATES DEPOSIT°0
H. C.DREW PRESIDENT
J.A.BEL , VICE PREST
B. ARTH UR KNAPP CASHIER
FRANK IR OBE RTS,VicE PREST
I
H.H. ROCK A ssr. CASHIER
CALCASIEU NATIONAL BANK
S 150,000o_o
SURP LUS $ 100.000o_o
CAPI TAL
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
LAKE CHARLE SI9UISIANA
Fovember 10, 1915.
'2his iank has done throurt the Dallas office all of the
business that it has been 'zactical to do 7:ithout unnecessary
expense to itself and without inconvenience to its customers.
This 71ank, durin6 the period from January 1, 1915, to
October 31, 1915, inclusive, sent to the Federal Reserve Banlr.
48
at Dallas
transit items of aggregate value
1E35,930.48
and with its Ie7 Orleans corres23002 items
pondents
4,801,221.61.
of an aggre7ate value of
During the same period, it
.
drew afrainst its account with the
Federal Reserve Barilr
32
drafts of aggreate value of
and -upon its New Orleans correspondents
6988
drafts of an ap-gre.p.at_ value of .
Durinp: that period, it has
shipped i.P.g!eurrency from the 7..ederal Reserve Bank aggregatincz
and from its corresnondents
233,576.48
4,815,566.31
76,000.00
468,400.00.
Illustrating pointedly the natural trend of our business.
Of course, there are many other arci-rments alonc- the line
of the savin7 of time because of shorter distance and more frequent train service, there being three through trains a day
each way from here to Lew Orleans, and one to Dallas. Fail
deposited in the Post Office hero at ten o'clock at nicht is
in Lew Orleans the next morninP and if deposited after two in
.,
the ai
-ternoon, does not roach Dallas until the second mornin-.
Our principal agricultural industry is the 0-rowing of
rice, for which ITeu Orleans is the chief market.
There is scarcely a day that some one or more of our Directors or Officers are not in Lew Orleans on business; while
probably there is not one a year in Dallas for the same purpose.
our
If our illans of consolidation with our ,.1321.e.r institution.
the Calcasieu Trust
avincs Bank, are carried out, it would
add eight noints, in addition to Lake Charles, which would do
UNITED STATES DEPOSITO0
H.C.DREW PRESIDENT
J.A.BEL . VICE PREST
S.ARTHUR KNAPP.CASHIEP
FRANK ROBE RTS.VICE PREST
N.H. ROCK, Assr.CASHIER
\
•
CALCASIEU NATIONAL BANK,
CAPITAL S 150,000o_o
SURPLUS 5 100,000o_o
LAKE CHARLE S,EMISIANA
.Lovember 10, 191!).
J.iT.T. — -3.
business with the Federal eserve •.ank.
t this time, no one
of the ei ,
ht brrnches does :ins-7 business with i.allas, unless it
mir:ht be the recei-nt and rerlittGnce for an occasional cash
letter; while all of them carry active accounts, with their
principal balances, with iew Orleans
Dallas houses distribute some farm machiner,, in this
ritory. 'side -from that one item, there is no other line
troiurh this section from Dallas: while our T)eople br7 in
,
-rre.: _ow Orleans ,rnufacturers
,r-eneral lines ver7T
wholesalers.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
tersold
all
and
Thankin
.7-ou to lot me hear from you when you receive
Hardin's letter, T am,
_ours very truly,
Vice President.
Lake 2rovidence La Nov 3r1 1915
377
TO THE FEDERfl, RESERVE BOARD:
In response to your request, and bY authority of its Board of
Directors, I beg to advise that the First Eational Bank
(flame of bank)
2rovi3enco La
of
does
desire to
(Does or does not)
. (Place)
be transferred from the Eleventh Federal Reserve District to the New
Orleans Branch of the Si4th Federal Reserve District.
I.
(Name and official title.)
Dated
1:0V 3rd 115
Remarks:
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10r
377
TO THE FEDERLI, RESERVZ BOARD:
In response to your request, and by authority of its Board of
Directors, I beg to advise that the
of
_c7-lace)
/16
(Name of bank)
oe_ct 7„,
p
desire to
(Does or does not)
be transferred from the Eleventh Federal Reserve District to the New
Orleans Branch of the Si:cth Federal Reserve District.
Az/ Ld
/4 —
-/
(Name and official title.)
Dated
Remarks:
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
tici,,1 •
,,j010
1
011-
377
TO THE FEDER:1, RESERVE BOARD:
In response to your request, and by authority of its Board of
Directors, I beg to advise that the
V(Name of bank)
of
'
ct/
(Place)
desire to
(Does or does not)
be transferred from the Eleventh Federal Reserve Distri
ct to the New
Orleans Branch of the Sixth Federal Reserve Distri
ct.
Name and official title.)
Dated
Remarks:
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
tOf
377
TO THE FEDER:d, RESERV2 BOARD:
In response to your request, and by authority of its Board of
Directors, I beg to advise that the
aAf,
(Name of bank)
of 4
,
--X-fz.al-d--ec!
— desire to
e -4—r&&)
(Place)
be transferred from the Eleventh Federal Reserve District to the
New
Orleans Branch of the Sixth Federal Reserve District.,
,c
6 v2-4e
(Nam
Dated
(Pe/A
and o
icial title.)
.
5« /7/S7
Remarks:
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
/
a3,,/
/o/.3--tiffr
377
TO THE FEDER:di RESERVZ BOARD:
In response to your request, and by authority of its Board of
Direct.6rs, I beg to advise that theQ/
(Name of bank)
of
( lace)
(Does or does
desire to
t)
be transferred from the Eleventh Federal Reserve District to the New
Orleans Branch of the Sixth Federal Reserve District.
Name and official title.)
Dated
1-eYh
Remarks:
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
/
1
4
,•I I
5
4
0P4/1-(
377
TO THE FEDFR:1, RESERVE BOARD:
In response to your request, and by authority of its Board
of
41 OV(1-01
/ /1
Directors, I beg to advise that the
1- aAAk_,
6
(Name of bank
ek,
OtAA-Qic
of
i0
desire to
(Does crEE835939EaL)
(Place)
be
ransferred from the Eleventh Federal Reserve District
to the New
Orleans Branch of the Sixth Federal Reserve Distri
ct.
óua
Dated
OCT 2, 1916
(Name and off
Remarks:
4 tAdue1, at\
(
(4.(
PAp, ikArd'
i
_av-v-r-f-;
1
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
?)
1
CulAr
1)(wlit-c
of Jzzlnerette,
ial title.)
377
TO THE FEDERLI, RESERVE BOARD:
In response to your request, and by authority of its Board
of
Directors, I beg to advise that the
StLtc
(Name of bank)
of
(Placo)
does
desire to
(Does gr_d-oee—m.t)
be transferred from the Eleventh Federal Reserve District to the
New
Orleans Branch of the Sixth Federal Reserve Distri
ct.
Dated Oct.22nd.191.5.
Remarks:
The Oomdfcibl and finuncial business of this section
flows
natun.11y to Ne. Orle, ns.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
not
lobk to the East and the lest for
r\
itECEIVD
4/ loss.
?
a
•
3 cl
4
1
-
377
TO THE FEDE= RESERVZ BOARD:
In response to your request, and by authority of its Board of
Directors, I beg to advise that the
of
1HE FIRST NATIONAL iANK
of Acadia Pai*eh at CHowlay.
(Name of bank)
desire to
(Does or does not)
be transferred from the Eleventh Federal Reserve District to the New
Orleans Branch of the Sixth Federal Reserve District.
‘
4
6
W
&
;
4
A
(Name and official title.)
Dated
Remarks:
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
f
101/gr if
377
TO THE FEDERI., RESERVE BakRD:
In response to your request, and by authority of its Board
of
Directors, I beg to advise that the First National Bank,
(Name of bank)
of
Arcadia,
La.
(Place)
Dons Npt
desire to
(2eerr.tp.does not)
be transferred from the Eleventh Federal Reserve District
to the New
Orleans Branch of the Si:;th Federal Reserve Distric
(Name and official title.)
Dated
oct 1R
Remarks:
We believe we can be bettrr taken care of in the parent
bank at Dallas than to be transfered to N. 0. and h-- much rather
,d
remain where we are,
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
)ctobor 18, 1915.
Dear ,
ir:—
I acknowledge receipt of your lettor
of the 11:th instant exliroosing your vial:
to continue L,8
itneml.er or the i'ecieral Re—
serve Lan'e: of 1,L11.ae.
I will take pleautiro
in 1,:eing1Et, Li oar loter to trio attention of
the .;..oz,re;..
Very trn4
Lvr.41. A. licGuteilen, (4ashior.
;merle= national Bank,
Shreveport, La.
•
f
40
377
TO THE FEDFR2d, RESERVE BOARD:
In response to your request, and by authority of its Board of
eta3-01L4L
0
Directors, I be, to advise that the
-
(Name of bank)
od-r64
desire to
(Does 4o4-414.0o-1104)
be transferred from the Eleventh Federal Reserve District to the New
Orleans Branch of the Si::th Federal Reserve District.
p Rem 14
--1
4Anr.)N A L
Arz.
1= Y
3
(Name and official title.)
Dated
Remarks:
.ZP
d'e4.4.4
•
I
et,
i
f?4-
e74.- ;Ze_tki
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
agfA4
7&
td (at -e-~4
-e
7
__c;1
dA/orerA4L
xhrt_crAil.
•
r ot IL
377
TO THE FEDER:J., RESERVE BOARD:
.,
/b/NPA
In response to your request and by authority of its Board of
?
._....,......----)
Directors, I beg to advise that the
(Name of bank)
v/
Of ;
7
1,7;2/2/7/ /
44 /1
/
;
,
..a.
(Place)
—,
desire to
/
(Does or does not)
be transferred from the Eleventh Federal Reserve District to the
New
Orleans Branch of the Sixth Federal Reserve District.
(Name
official title.)
Dated
Remarks:
/ -a
I
Li a. At-fa-11
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
oe
-277L/
is cj 1(111
-
•
•
The First NatiC(c'na Bank
OF ACADIA PARISH AT CROWLEY
OFFICERS
DIRECTORS
10700
W. L. TRIMBLE
P. J. CIIAPPUIS
GEO. B. THOMSON
C. J. FREELAND
J. B. FOLEY
J. S. MAUBOULES
T. T. ATTEBERRY
President
W. L. TRIMBLE,
CAPITAL . . . 550.000.00
512.500.00
SURPLUS . .
P. J. CHAPPUIS,
Vice President and Cashier
.
D. W.THIBODEUAX, Ass t Cashier
CLEM. J. SAMSON,
Orowley, La.
Ass't Cashier
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
OJGOI
16, 191b.
Federal Reserve Board,
Washington, D.
'V •
entlemen:_
In reply to your letter of the 8th instant,
relative to our. desire J..s to whetrilih
to the
transferred from the Eleventh Reserve District,
at the time we
Sixth Reserve District, will say that
this
signed the petetion, several months ago, making
that it would
request, we were under the impression
be much to our advantage for the change to be made.
After considering the matter from every standpoint,
for the
we have decided that possibly it 'would be best
until the new
Eleventh District to remain as it is
ger than
branch system has been in working order forlon
at present.
Facilities givenus thru the Dallas Reserve
Bunk have always been satisfactory, and we are always
see
inclined to let, "t“)od enough alone" unless we can
by making the change.
a direct improvement
Trusting that you will keep this information
do
confidential, as intimated in your letter, for we
branch in
not wish to appear antagonistic to the new
any way, I am
Yours very truly,
I?resident.
•
0/0
377
TO THE FEDER:d, R:SERVZ BOARD:
In response to your request, and by authority of its Board
of
4„y
Directors, I beg to advise that the
(iTamo of bank)
d,6-t-so
of
(P .co)
desire to
(Does or does not)
be transferred from the Eleventh Federal Reserve District
to the New
Orleans Branch of the Sixth Federal Reserve District.
(Name and official tit
Dated
Remarks:
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
SINL
S. W. SMITH,
•
DENT
J. C.TRICHEL, ACTIVE
.11.11.1"1,1 MALY r
MICHAEL BERNSTEIN,Vicr-PREsioENT
VICE-PRESIDENT
J. M.TUCKEFI,VicE-PResiDENT
M. A. McCUTCHEN,VICE-PRESIDENT
AND CASHIER
S.E.SMITN,ASSISTANTCASHIER
AMERICAN NATIONAL BANK
CAPITAL $ 150,000,00.SURPLUS AND PROFITS $ 40,00000
S HR EVE PORT,LA.,
October 15th, 1915.
Hon. H. Parke Willis, Sec'y.,
Federal Reserve Board,
Washington, D. C.
De. r Sir:Replying to your favor of the 8th inst.,
we enclose herewith the recifiWn—ff Board Of Di/celitLs
that the Federal Reserve Board not make any change,
we preferring to remain connected with the Dallas
Federal Reserve Bank.
We believe that our business would be a
great deal more facilitated by holding membership in
the 11th district, rather than in the 6th, by reason
of the short distance and the fact that Shreveport and
Louisiana have been represented on the Board Of Directors,
of the Dallas Board, and that they are now familiar with
the business, and have handled the same to our entire
satisf&ction.
We would regret very much being moved, although
we feel kindly toward New Orleans.
Respectfully,
Cashier.
MAMcC-n.
1,1
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
S. W. SMITH,
•
ImENT
MICHAEL BERNSTEIN,Vice-PREstorrer
J. C.TRICHEL, ACTIVE Vice-PREsioEnir
J. M.TUCKER,ViCc-PacsiorNT
M. A. McCUTCHEN,VICE-PRESIDENT AND CASHIER
S. E. SMITH, ASSISTANT CASHIER
AMERICAN NATIONAL BANK
CAPITAL $150,000.00.
SURPLUS AND PROFITS $ 40,001600.
,
Affsif
S H REVEPORT,LA.,
October 15th, 1915.
OCT 18
_
Hon. -:. P. G. Harding,
Federal Reserve 'Board,
Washington, D. C.
Dear Sir:-.
We would regret very much being moved from
the 11th District to the 6th. The Federal Reserve Bank,
at Dallas, has handled our business in a satisfactory
manner. We have had a Director on the Board, from our
city, Mr. E. K. Smith.
The Dallas Bank has gained knowledge of the
business, familiarizing themselves with the people of
the Section of Louisiana, belonging to the 11th District,
and have rendered, as far as we know, every assistance
that they possibly could under their rules. We do not
believe that there has been a complaint against the
Dallas Bank, and we feel that we would be better served,
under the exJsting circumstances, by remaining in the
11th District.
We are not fighting New Orleans, and do not
wish them to feel hard against us.
I sincerely trust that you will use your influence to have Shreveport, at least, rotcined as at
present.
Respectfully,
LIA!AcC-n.
1
1
\L-
377
TO THE FEDERLI, EWRViT, BOARD;
In response to your request, and by authority of its Board
Directors, I beg to advise that the
0
( laco)
0 -1/!
1>-0-4.?" )64— desire to
(Does or does not)
be transferred from the Eleventh Foderal Reserve District to the New
Orleans Branch of the Sixth Federal Reserve District.
)14./kzi(Name kici_official title.)
Dated (9c..4.--
Remarks:
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
/%4
f7
c
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
T. E.FLOURNOY.PREsIDENT
I.BAER,VicE PRESIDENT
N28654
OLIVER B.MORTON.C.swER
P D.GIBBS,AssT. CASHIER
#AuttifitaNatiottatTgank ofifitittror
CAPITAL 5200,000 c
IP
SURPLUS SI00.000
iiimirortiCintisiana
4
FederL1 Reserve Board,
Washington, D. C.
Dear Sirs:
In respohse to your request of October 18th I
beg to hand you herewith a request from this bank, duly
signed by me as president, making application to have
our connection with the 41eventh Federal Reserve District transferred to the New Orleans Branch of the Sixth
Zederal Reserve District,
Ycurs very truly,
TBF:LL
2resident
•
377
.
TO THE FEDFR:1, RESERVE BOARD:
In response to your request, and by authority of its Board of
Directors, I beg to advise that the
(Name of bank)
of
eizzje&
(Place)
desire to
(Does or does not)
be transferred from the Eleventh Federal Reserve District to the New
Orleans Branch of the Si::th Federal Reserve District,
.
Dated
(Name and official title.)
Remarks:
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
0
1>
:
/
377
TO THE FEDER:L RESERVE BOARD:
In response to your request, and by authority of its Board of
Directors, I beg to advise that the
A* ;7 - -X 41,
4 1 4,04
4(
4
(Name of bank)
of
A.44 desire to
(Does or does not)
be transferred from the Eleventh Federal Reserve District to the
New
Orleans Branch of the Sixth Federal Reserve District.
(Name an
Dated
Remarks:
--1L-ck
k
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
ic
•
377
TO THE FEDER:J., RESERVE BOARD:
In response to your request, and by authority of its Board of
Directors, I beg to advise that the __trs ,
/
, 7unice,La.
of
(Place)
—,
-.tional
•
(Name of bank)
does not
desire to
(Does or does not)
be transferred from the Eleventh Federal Reserve District to the New
Orleans Branch of the Sixth Federal Reserve District.
me and offic
Dated
tiZe.)
October llth,1015.
Remarks:
Our relations vfith Dallas have been of suh a pleasant nature and
I
the service has been so prompt and el- 'd:lent that iv
to break
(7
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
r-0-
do not care
•
377
TO THE FEDERIL RESERVE BOARD:
In response to your request, and by authority of its Board
of
Directors, I beg to advise that the
_
of
_-/// ,/C7CA!
‘1.--(Plad7)5
/ .P
I
__A-4-101)/ /<.r( -r- )4 0
Tame of bank)
,
vc
(,-/..
desire to
(Does or does not)
be transferred from the Eleventh Federal Reserve Distr
ict to the New
Orleans Branch of the Sixth Federal Reserve Distr
ict.
(Name and offi-cial
Dated
Remarks:
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/e)N
•
377
TO THE FEDERLL RESERVE BOARD:
In response to your request, and by authority of its Board of
Directors, I beg to advise that the
of
tAA(A/A—V
/
(Place)
At)
l
e
(Name of bank)
ee6-_-vo
1
desire to
(Does or does not)
be transferred from the Eleventh Federal Reserve District to the New
Orleans Branch of the Sixth Federal Reserve District.
(Name and official title,
,
Dated
Remarks:
t
•11.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
eL
377
TO THE FEDER:J, RESERVE BOARD:
In response to your request, and byzuthority of its Board of
Directors,
beg to advise that the
(Name of bank)
/I
Aikagitiae
desire to
(Place)
(Does or do
be transferred from the Eleventh Federal Reserve District to the New
Orleans Branch of the Sixth Federal Reserve District.
(Name and official title.)
Dated Cei // 7)
- 6
7-
Remarks:
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
The reason for our desiring to be transferred is that the trend of
our business is towards New Orleans and not to 0.11as, and that the
volume of our business is at least ten to one in favor of New
Orleans. Also that in the transferring of funds to and from the
East to the South, it is to our advantage to have our funds located
in New Orleans instead of Dallas.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
October 0,
9
Dear :^r. Uosner:,7
lour letter of the 2nd irstant wae
r
;
•
4 "v.
4
duly receivoa and your comments urer. the
propm3ed trolsfer of Lo
noted.
larksAlp
nomnIttoe has been tippoined to
metre carolui inveatiration of the mttor
and report le.Core the Tor
trAea any
action.
Vory truly 7ors,
L.
P.
Homer,
-hroveport ClleartT louse Assoc.,
Shreveport, La.
EX-OFFICIO MEMBERS
CHARLES S. HAMLIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
FEDERAL RESERVE BOARD
COMPTROLLER OF THE CURRENCY
H.PARKERMLLIS.ScuicTART
SHERMAN 3115, ASST. SECRETARY
ADDRESS REPLY TO
WASHINGTON
41
,
FEDERAL RESERV
OARD
October A, 1915.
My dear Sir:
Carded
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District. It was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequent=
ly they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will be glad to receive it.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Respectfully,
Secretary.
j
'Pre;iantrPirat National Bank,
Abbeville, Louisana.
•
EX-OFFICIO MEMBERS
CHARLES S. HAMLIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. PG. HARDING
ADOLPH C. MILLER
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
H. PARKER WILLIS,SECRETARY
SHERMAN AIa75AssT. SECRETARY
ADDRESS REPLY TO.. (
WASHINGTON
,DERALERVEpp0ARD
?"‘
d.otaor
My dear Sir:
Some months ago petitions were filed with the Federal
Reserve
Board by twenty-seven banks in Louisiana for the purpose
of securing the transjer of the territory in which these banks were
situated from the Eleventh (Dallas) District to the Sixth (Atlant
a) District. It was the understanding that these banks desired
to be
attached to the branch at New Orleans which had not then been
organized but which was in contemplation. Recently request
has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclose
d
blank whether it would be the preference of your bank
to be transferred to the District of the New Orleans branch
or whether you
prefer to remain attached to the Dallas Distric
t. Prompt return
of the blank would be appreciated by the
Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks
have hesitated to give
any but equivocal expressions of their views
so that not unfrequently they have been clained by both sides.
In order to secure absolutely authentic expressions, the Board has decided
upon canvassing
the District direct and assures you that your
vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the express
ion
of your views in connection with
the suggested transfer, the Board
will be glad to receive it.
Respectfully,
Secretary.
Mr. J. a. sentlay,
President, rirst atton.l Bank,
Ale:mndria, Lonisana.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EX-OFFICIO MEMBERS
CHARLES S. HAMLIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. P.O. HARDING
ADOLPH C. MILLER
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
H. PARKER WILLIS. SECRETARY
SHERMAN A18.715ASST. SECRETARY
ADDRESS REPLY To
WASHINGTON
\
FEDER,.REVE
.RVE BOA r; D
or-
Outober C, 1:115.
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
.Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta). District. It was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequently they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer,
the Board
will be glad to receive it.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Respectfully,
Secretary.
•
7. L. Triuble,
President, :First :iational Bank,
Aroadia 1ar13h at 3rowley, Louisana.
EX-OFFICIO MEMBERS
CHARLES S. HAMLIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
.
H. PARKER WIIA12. SECRETARY
SHERMAN A3.01.1Assi. SECRETARY
ADDRESS REPLY-TO
WASHINGTON
tf
, EDERAkREBEICit BOARD
5
40#'".
22t ob,r 3, lJn.
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District, It was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclbsed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequently they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will be glad to receive it.
Respectfully,
Secretary.
Mr. 1 4. '1, Tooke,
'
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
President, First National Bank,
Aroadia, Loaisana.
EX-OFFICIO MEMBERS
CHARLES S. HAMLIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
WASHINGTON
H. PARKER WILLIS. SECRETARY
SHERMAN ASLIr5ASS1. SECRETARY
ADDRESS REPLY TO
FEDERAL RESERVE BOARD
)utcber 6, 1915.
1
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were
situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District. It was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board request° you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank wbuld be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to
give
any but equivocal expressions of their views so that not unfrequently they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will be glad to receive it.
Respectfully,
Secretary.
111.. A. I. Shaw,
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Pride, Firat l'ation:Il lank,
De Rlddo?, Lonisana.
EX-OFFICIO MEMBERS
CHARLES S. HAMLIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. P.O. HARDING
ADOLPH C. MILLER
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
H. PARKER WILLIS, SECRETARY
SHERMAN A75ASST.SECRETARY
ADDRESS REPLY TO
WASHINGTON
FEDERAL RESERVE BOARD
October 6, 1915.
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District. It was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Boards
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequently they have been clained by both sides- In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will be glad to receive it.
Respectfully,
Secretary.
Lit. L. Moyer,
Pres. First National Bank
Eunice, I.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
EX-Orpicto MEMBERS
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
CHARLES S. HAMLIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
H. PARKER WILLIS. SECRETARY
SHERMAN AanAssT.SECRETARY
NTS
WASHINGTON
October 8, 1915.
ADDRESS REPLY TO
FEDERAL RESERVE BOARD
ig
)
My dear Sir:
Some months ago petitions were filed with the Federal
Reserve
Board by twenty-seven banks in Louisiana for the purpose
of securing the transfer of the territory in which these banks
were situated from the Eleventh (Dallas) District to the Sixth (Atlant
a) District. It was the understanding that these banks desired
to be
attached to the branch at New Orleans which had not then been
organized but which was in contemplation. Recently request
has been
made of this Board to consider and dispose of these petitions.
The Board request° you kindly to indicate upon the inclose
d
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether
you
prefer to remain attached to the Dallas District. Prompt
return
of the blank would be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, 'that some member banks have hesitat
ed to give
any but equivocal expressions of their views so that
not unfrequently they have been clained by both sides. In order
to secure absolutely authentic expressions, the Board has decided upon canvass
ing
the District direct and assures you that your vote
in the matter will
be treated with strict confidenCe.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfe
r, the Board
will be glad to receive it.
Respectfully,
Secretary.
Mr. A. B. Horton,
Pres. First National Bank,
Gibsland, La.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EX-OFFICIO MEMBERS
CHARLES S. HAM LIN. GOVERNOR
FREDERIC A. DELANO. VICE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
WILLIAM G. McADOO
SECRETARY OF TIM TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
H. PARKER WILLIS. SECRETARY
SHERMAN ABLJr5Assr. SECRETARY
ADDRESS REPLY To
NTS
WASHINGTON
October 0, 1915.
FEDERAL RESERVE BOARD
C
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District. It was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the incicsed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequently they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Boa-cd
will be glad to receive it.
Respectfully,
Secretary.
Mr. A. 3. Horton,
Pres. First National 'Bank,
Gibsland, La.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EX-OFFICIO MEMBERS
CHARLES S. HAMLIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
WILLIAM G. MEADOO
SECRETARY OF THE TREASURY
CHAIR MN
JOHN SKELTON WILLIAMS
COMPTROLLER OF TUE CURRENCY
NTS
FEDERAL RESERVE BOARD
H. PARKER WILLIS, SECRETARY
SHERMAN ASLIMAssi. SECRETARY
ADDRESS REPLY TO
WASHINGTON
FEDERAL RESERVE BOARD
Octobor 6, 1915.
eC
C.
.
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District. It was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but eouivocal expressions of their views so that not unfrequently they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will be glad to receive it.
Respectfully,
Secretary.
Ur. C. 0. Fercuson,
Pres. Homer 3ational 3ank,
Homer, La.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
Ex-OFFICIO MEMBERS
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
NTS
CHARLES S. HAMLIN. GOVERNOR
FREDERIC A. DELANO. VICE GOVERNOR
PAUL N. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
H. PARKER Ali4.p, SECRETARY
SHERMAN A4(iASST. SECRETARY
ADDRESS REPLY TO
WASHINGTON
FEDERAL RESERVE BOARD
Octobor 8, 191 5.
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securig the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District. It was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequently they have been clained by both sides; In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and' assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will be glad to receive it.
Respectfully,
Secretary.
Ur. H. Patout,
Pros, First National Bank,
Jeanoretto, La.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EX-OFFICIO MEMBERS
CHARLES S. HAMLIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
111,5
WASHINGTON
October 8, 1915.
H. PARKER WILLIS, SECRETARY
SHERMAN A3.75 ASST. SECRETARY
ADDRESS REPLY TO
FEDERAL RESERVE BOARD
, •
c
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District,. It was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequently they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will be glad to receive it.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Respectfully,
Secretary.
N. P. Uoss,
Pres. Pirst National
Lafayette, ha.
Ex-OFFicio MEMBERS
CHARLES S. HAMLIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
H. PARKER WILLIS. SECRETARY
SHERMAN sAit5, ASST. SECRETARY
FEDERAL RESERVE BOARD
2iT5
ADDRESS REPLY TO
WASHINGTON
FEDERAL RESERVE BOARD
-
TSto -
October 8, 1915.
I
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District. It was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequently they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will be glad to receive it.
Respectfully,
Secretary.
Mr. H. C. Drew,
Pres. Calcasieu National Batik,
Lake Charles, La.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
Ex-OFFtcio MEMBERS
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
TITS
WASHINGTON
CHARLES S. HAMLIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
H. PARKER WILLIS. SECRETARY
SHERMAN
ASST. SECRETARY
8.ct5,
ADDRESS REPLY TO
FEDERAL RESERVE BOARD
Octobor 0, 19.
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District. It was the understanding that these banks desired to be
'attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequently they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will be glad to receive it.
Respectfully,
Secretary.
Mi. George Look,
Pres. First Natl Bank,
Lake Oarles, La.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EX-OFFICIO MEMBERS
CHARLES S. HAMLIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
NTS
H. PARKER WILLIS. SECRETARY
SHERMAN
ASST. SECRETARY
FEDERAL RESERVE BOARD
s75
ADDRESS REPLY TO
WASHINGTON
FEDERAL RESERVE BOARD
.
_
vIESt.t0
.
October 8, 191E.
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were
situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District. It was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. - Prompt return
of the blank would be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequently they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will, be glad to receive it.
Respectfully,
Secretary.
Ur. J. L. Guenard,
President, First National Bz.mk,
1442.ko Providonce Le.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
EX-OFFICIO MEMBERS
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
NTS
CHARLES S. HAMLIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. P.O. HARDING
ADOLPH C. MILLER
H. PARKER WILLIS, SECRETARY
SHERMAN B_VE5. ASST. SECRETARY
ADDRESS REPLY TO
WASHINGTON
FEDERAL RESERVE BOARD
October 8, l915.
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District. It was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequently they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will be glad to receive it.
Respectfully,
Secretary.
Mr. Ls
P. Wren,
Pres, First National Bank,
MirAen, La.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EX-OFFICIO MEMBERS ,
CHARLES S. HAMLIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
SECRETARY
SHERMAN SilE5, ASST. SECRETARY
ADDRESS REPLY TO
zus
WASHINGTON
FEDERAL RESERVE BOARD
October 8, 1915.
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District. It was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequently they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will be glad to receive it.
Respectfully;
Secretary.
Mr. J. F. Pro haska,
Pres. First Nat1, Bunk,
llorcan City, La.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EX•OFFICIO MEMBERS
CHARLES S. HAMLIN. GOVERNOR
FREDERIC A. DELANO. VICE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
WASHINGTON
TS
H. PARKER WILLIS. SECRETARY
SHERMAN 5,5.ASST. SECRETARY
ADDRESS REPLY TO
FEDERAL RESERVE BOARD
October 8, 1915.
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District. It was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequently they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will be glad to receive it.
Respectfully,
Secretary.
Lai. L. Yling,
Proud, Peoplon National Bank,
IbeiTh, L.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EX-OFFICIO MEMBERS
CHARLES S. HAMLIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. P.G. HARDING
ADOLPH C. MILLER
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
NTS
WASHINGTON
H.PARKERWILLIS,SccRETARY
SHERMAN StiE5, ASST. SECRETARY
ADDRESS REPLY TO
FEDERAL &VERVE BOARD
4
October 6, 1915.
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District.
was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
2refer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequently they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will be glad to receive it.
Respectfully,
Secretary.
Mt. A. Estorgo,
Pres. tAate
Bank,
Now Iberla• La e
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Ex-OFFICIO MEMBERS
CHARLES S. HAM LIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
NTS
FEDERAL RESERVE BOARD
WASHINGTON
H. PARKER WILLIS. SECRETARY
SHERMAN
ASST. SECRETARY
5
.75.
ADDRESS REPLY TO
FEDERAL RESERVE BOARD
October 8, 1913.
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District. It was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequently they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will be glad to receive it.
Respectfully,
Secretary.
It*, John 21. 3reaux,
President, rew Iberia Nati. Bank,
New Iberin, i.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
FEDERAL RESERVE BOARD
CHARLES S. HAM LIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. P.O. HARDING
ADOLPH C. MILLER
H. PARKER WILLIS, SECRETARY
SHERMAN311M, ASST. SECRETARY
WASHINGTON
ADDRESS REPLY To
FEDERAL RESERVE BOARD
EX-OFFICIO MEMBERS
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
NTS
0 •—
-.)October 8, 1915.
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District. It was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequently they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will be glad to receive it.
Respectfully,
Secretary.
Ir. J. F. Prohaska,
Pres. First Natl. :
Bank,
Morgan City, La.
Pi),A AceN
609
1-
(tet 6o-c.e,U
ce
if
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
,G4.7
e?/tx
t----
EX-OFFICIO MEMBERS
CHARLES S. HAMLIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
725
H. PARKER WILLIS, SECRETARY
SHERMAN
ASST. SECRETARY
FEDERAL RESERVE BOARD
acts.
ADDRESS REPLY TO
WASHINGTON
FEDERAL.RESERVE BOARD
O—
W
,
'3,ctober 8, Mr.:).
—
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District. It was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequently they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will be glad to receive it.
Respectfully;
Secretary.
Ur. T. i. Flournoy,
Pros. Ouachita Natl Bank,
' 2lonroe, La.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EX-OFFICIO MEMBERS
CHARLES S. HAMLIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
H. PARKER WILLIS, SECRETARY
SHERMAN3401. ASST. SECRETARY
ADDRESS REPLY TO
WASHINGTON
FEDERAL RESERVE BO
91tollew 8, 1915.
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District. It was the understanding that thesebanks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requestc you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Board:
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequently they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will be glad tO receive it.
Respectfully,
Secretat'y.
Lir. Robert Machere,
President, Planters :Tational Bank,
Opelousas, La.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
D
•
EX-OFFICIO MEMBERS
CHARLES S. HAMLIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
H. PARKER WILLIS, SECRETARY
SHERMAN A9.715A5sT. SECRETARY
ADDRESS REPLY To .
WASHINGTON
FEDERAL.RiliftVE BOARD
-S
October 8,
J.J1J•
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District, It was the understanding that these banks desired to be
attached to the branch at New Orleans which had hot then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether yoU
prefer to remain attached to the Dallas District, Prompt return
of the blank would be appreciated by the Board,
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but eouivocal expressions of their views so that not unfrequently they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will be glad to receive it.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Respectfully,
Secretary.
Y% 3. )...1bui3son,
Prasidont, Opelousas L'ational 3unk,
Opelousas, 4,ouisana.
•
EX-OFFICIO MEMBERS
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
CHARLES S. HAMLIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
H. PARKER WILLIS, SECRETARY
SHERMAN 32715. ASST. SECRETARY
ADDRESS REPLY TO
WASHINGTON
FEDERAL RESERVE BOARD
)
Oatobor 8, 191j.
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District. It was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequently they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will be glad to receive it.
Respectfully,
Secretary.
r. Jo e
President, :on'Asiaan :ational Bank,
Shreveport, La.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
EX-OFFICIO MEMBERS
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
CHARLES S. HAMLIN, GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
H. PARKER WILLIS,SECRETARY
SHERMAN
ASST. SECRETARY
315
ADDRESS REPLY TO
WASHINGTON
FEDERAL RESERVE BOARD
c,
3otober 8, 1915.
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District. It was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequently . they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will be glad to receive it.
Respectfully,
Secretary.
Yr. T.
Smith, '
President, Conleroial National
-Shreveport, Law
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
BanX,
•
EX-C7FFICIO MEMBERS
•
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
CHARLES S. HAMLIN. GOVERNOR
FREDERIC A. DELANO. VICE GOVERNOR
PAUL M. WARBURG
W. P.O. HARDING
ADOLPH C. MILLER
H. PARKER WALLIS, SECRETARY
SHER/A/0434.5. ASST. SECRETARY ,
ADDRESS REPLY TO
WASHINGTON
FEDERAL RESERVE BOARD
',
October 6, .31!
-
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District. It was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Board*
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequently they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connectioh with the suggested transfer, the Board
will be glad to receive it.
Respectfully,
Secretary.
Ir. A. Querbes,
President, First National
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Bank,
EX-OFFICIO MEMBERS
CHARLES S. HAM LIN, GOVERNOR
FREDERIC A. DELANO. VICE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
WiLLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
H. PARKER WILLIS, SECRETARY
SHERMAN tIn ASST. SECRETARY
ADDRESS REPLY
WASHINGTON
FEDERAL
)
^
.
ESES BOARD
I
Octobcr 8, 1915.
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District. It was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequently they have been clained by both sides, In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assUres you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will be glad to receive it.
Respectfully)
Secretary.
Mr.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Joreil,
Prealaert, Pirst :ational 3ank,
Ville _latte, La.
Ex-OFFICIO MEMBERS
CHARLES S. HAMLIN. GOVERNOR
FREDERIC A. DELANO. VICE GOVERNOR
PAUL M. WARBURG
W. P. G. HARDING
ADOLPH C. MILLER
WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
FEDERAL RESERVE BOARD
H. PARKER WILLIS, SECRETARY
SHERMAN ALLEN. ASST. SECRETARY
375
ADDRESS REPLY TO
WASHINGTON
FEDERAL RESERVE BOARD
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District. It was the understanding that these banks desired to be
attached to the branch at New Orleans which had not then been organized but which was in contemplation. Recently request has been
made of this Board to consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District. Prompt return
of the blank would be appreciated by the Board.
Past experience has shown in canvasses made by several Federal Reserve Banks, that some member banks have hesitated to give
any but equivocal expressions of their views so that not unfrequently they have been clained by both sides. In order to secure absolutely authentic expressions, the Board has decided upon canvassing
the District direct and assures you that your vote in the matter will
be treated with strict confidence.
If you desire to give the Board the benefit of the expression
of your views in connection with the suggested transfer, the Board
will be glad to receive it.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Respectfully,
Secretary.
,
Asher,
President, First
at tonal Bank,
Winnfield, 1406
•
2e?
Date
FEDERAL
•
•
272.
October 6, 1915.
RESERVE
BOARD
11ETTORANDUM
For Mr.
Viarburg
At a meeting of the Federal Reserve Board on
October 6
, the following matter
(as Chairman, Committee on
it
was referred to you (as member,
(as
In conjunction with Mr. Harding and the Secretary
of the Board, the preparation and transmission of a
letter to certain banks in Louisiana asking for:transfer from the Dallas to the Atlanta District, requesting an expression of opinion as to the proposed
transfer.
j;77?41- 4,47,
7
4
Secretary.
Please return this memorandum with copy of
documents resulting from action taken, if any.
tt
Date
DocumentMfz/4
4—
/
Signature
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-47<tritt-/
-
•
,
Aik 6FFICE OF MR. WARBURGA
FEDERAL RESERVE BOARD.
lip
Referred to the Secretary of the Federal Reserve Board
For—
Acknowledgment
Action of the Board
Preparation of reply and return for signature
Investigation and report
Previous correspondence
Filing
,s/1\a
t•?
1(
LAra
A
a.,.
1111&lc(f 1(1
Date http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
wAyvz.
Draft of let
President.
to all banks in Louisiaill,
National Bank,
Louisiana.
My dear Sir:
Some months ago petitions were filed with the Federal Reserve
Board by twenty-seven banks in Louisiana for the purpose of securing the transfer of the territory in which these banks were situated from the Eleventh (Dallas) District to the Sixth (Atlanta) District.
It was the understanding that these banks desired to be
attached to the branch at liew Orleans which had not then been organized but which was in contemplation.
Recently request has been
made of this Board to ,consider and dispose of these petitions.
The Board requests you kindly to indicate upon the inclosed
blank whether it would be the preference of your bank to be transferred to the District of the New Orleans branch or whether you
prefer to remain attached to the Dallas District.
Prompt return
of the blank would be appreciated by the Board.
Past experience has shown that in canvasses made by tpatth Federal Reserve Banks, that(Member banks have hesitated to give any but
titer-iterve
equivocal expres::ions of their viewg4)1-17rTirffe trtre`m44e0tiel"ttrriettwewiaparties, so that not unfrequently they have
been claimed by both sides.
In order to secure absolutely authentic expressions, the Board
has decided upon canvassing the District direct and assures you
that your vote in the matter will be treated with strict confidence.
If you desire to give the Board the ben .44t of the expression
•
of your views in connection with the
liti&b
The Board
will be glad to receive it.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
espectfully,
Secretary.
Draft of letter to all banks in Louisiana.
President, ,
National Bank,
Louisiana.
My dear Sir:
Some months ago
petitions were filed with the Federal Reserve Board by
twenty-seven banks in Louisiana for the purpose of securing the transfer of
the territory in which these banks were situated from the Eleventh (Dallas)
District to the Sixth (Atlanta) District.
It was the understanding that
these banks desired to be attached to the branch. at New Orlerms which had
not then been organized but which was in contemplation. Recently request
has been made of the Board to consider and dispose of these petitiOns.
In dealing with this matter the Board would appreciLte a frank expression of your opinion concerning the advisability of taking the action
proposed; viz, transferring practically all that part of Louisiana now in
the Dallas District to the Atlanta District.
Your judgment in the matter
would assist in forming a correct opinion and whatever you may say will
be regarded as in confidence.
Past experience has shown that in such cases
of transfer there are many considerations not likely to be fully setforth
in the semi-public documents relating to the matter and that member banks
are frequently able to throw valuable light on the situation if they can
do so with the assurance such information will be solely for the use of
the Federal Reserve Board.
May we count upon receiving an early answer to this letter at such
length as you may feel disposed.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Respectfully,
Secretary.
•
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
FEDERAL RESERVE BOARD
WASHINGTON
October 6, 1c:.15.
IAE.:ORANDUM FOR THE BOARD.
Attached are petitions of twenty-two banks located
in the western part of Louisiana, requesting to be trnsferreu from the Dallas to . the Atlanta district.
These petitions represent twenty-two out of twentyseven national banks located in that part of Louisiana
belonging to the Dalla.s district.
No regui,tion rei6.tinE to the "readjustment" of
c.istricts hL;_s
,et been formulated by the Board, but
,
the attached petitions are in proper form and represent
more than the two-thirds required oy regulation governing procedure of appeal from the decision of the Organization Committee.
.These petitions were apparently filed subsequent to
and supplement those found in the general files last
week and submitted to the Board on Cctober 4, these petitions being discovered only yesterday in the files of
one of the members of the Board.
Respectfully,
Counsel.
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Federal Reserve Bank of St. Louis
•c)
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To The Federal Reserve Board,
Washington, D. C.
The petition of the undersigned member hanks, being more
than two-thirds of the member banks in that part of the State of
Louisiana now included
In the Eleventh Federal Reserve District,
With respect shows:
That it is the unanimous belief of petitioners that the entire State of Louisiana should be included within the Sixth Federal Reserve District for the following reasons, to wit;
(1)
During a long series of years the entire State of Louisiana
has done its banking business and made the greater part of its banking, mercantile, financial and industrial connections through the
banks and industries located in the City of New Orleans, which is
at present in said Sixth District:
2
This condition is due to the fact that the State of Louisiana
looks, to a large extent, to the City of New Orleans as a natural
market for its produce and as a natural source of its supplies, and,
therefore, it follows in the normal course of trade and business that
the banking, mercantile, financial and industrial relations and connections of the State should be had through that City;
3
The general geographical situation of the State
and the
location of transportation lines and facilities for speedy communication likewise contributes to ;this condition;
(4)
Moreover, a portion of the State of Louisiana is already in
the Sixth District and the division of a State made up, as is Louisiana, between two Districts, is abnormal and detrimenta2 to the best
interests of that State;
(5)
Petitioners represent that New Orleans is the natural, usual
and convenient port of export and import for commodities moving into
and out of all points in Louisiana;
(6)
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Federal Reserve Bank of St. Louis
Petitioners are advised and believe that a strong effort was
made to establish at New Orleans a composite branch bank, that is to
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Federal Reserve Bank of St. Louis
say, a branch bank composed of a branch from the Sixth District and
a branch from the Eleventh District, but petitioners are advised
and believe that the relief which such a composite branch would
have afforded has been refused, and that the branch bank which may
be established in New Orleans will be a branch bank of the Sixth
Federal Reserve District only.
Petitioners set forth that the Federal Reserve Act provides
that the Federal Reserve Districts shall be apportioned with due
regard to the convenience and customary course of business within
the United States and with foreign countries, and show that the convenience and customary course
business of that portion of the
State of Loulsiana not now included in the Sixth District requires
the transfer of said portion of the State into the said Sixth Dis-
WIIEREFORE, Petit'oners pray that that portion of the State
of Louisiana now included in the Eleventh District be, with all convenient speed and after due hearing and proceedings had, transferred
to the Sixth Federal Reserve District.
e).
And for general relief.
•
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Federal Reserve Bank of St. Louis
4
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Federal Reserve Bank of St. Louis
•
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To The Federal Reserve Board,
Washington, D. C.
The petition of the undersigned member banks, being more than twothirds of the member banks in that part of the State of Lousiana now
included in the Eleventh Federal Reserve District,
With respect shows:
That it is the unanimous belief of petitioners that the entire,'
State of Louisiana should be included within the Sixth Federal Reserve
District for the following reasons, to wit:
(1)
During a long series of years the entire State of Louisiana has
done its banking business and made the greater part of its banking,
mer3antile, financial and industrial connections through the banks and
industries located in the City of New Orleans, which is at present in
said Sixth District;
(2)
This condition is dm to the fact that the State of Louisiana
looks, to a large extent, to the City of New Orleans as a natural market for its produce and as a natural source of its supplies, and, therefore, it follows in the normal course of trade and business that the
banking, mercantile, financial and industrial relations and connections
of the State should be had through that City;
(3)
The general geographical situation of the State and location of
transportation lines and facilities for speedy communication likewise
contributes to this condition;
(4)
Moreover, a portion of the State of Louisiana is already in the
Sixth District and the division of a State made up, as is Louisiana,
between two Dibtricts, is abnormal and detrimental to the best interests,df. that State;
(5)
Petitioners represent that New Orleans is the natural, usual and'
convenient port of export and import for commodities moving into and out
of all points of Louisiana;
•
•
(6)
I.
Petitioners are advised and believe that a strong effort was
made to establish at Neu Orleans a composite branch, that
is to say,
a branch bank composed of a branch from the Sixth Distric
t and a branch
from the Eleventh District, but petitioners are advised
and believe that
the relief which such a composite branch would have afforde
d has been
rerused, and that the branch bank uhich may be established in New
Orleans will be a branch bank of the Sixth Federal Reserve Distric
t only.
(7)
Petitionrzs set forth that the Federal Reserve Act provides
that the Federal Reserve Districts shall be apportioned with due
regard
to the convenience and customary course of business within the United
States and with foreign countries, and show that the convenience
and customary course of business of that portion of the State of Louisiana
not
now included tn the Sixth District requires the transfer of said
portion
of the State into the said Sixth District.
Wherefore, Petitioners pray that that portion of the State
of
Louisiana now included in the Eleve-th Dsitrict he, r4 th all
convnient
speed and after due hearings and proceedings had, transferred
to the
Sixth Federal Reserve District.
And for general relief.
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
\TEMer HOU
ENZIWUT CRET47
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DEPARTMENT OF EXAMINATION
SHREVEPORT,LA.
L. P. HOSMER
EXAMINER
October 2, 1915
/
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AMINNUMD
OCT 3211915 .
... I
ILL • •
mininueammummungom
''''
Hon. W. P. G. HARDING,
Washington, D.C.
My dear Er. Harding:
It appears from a clipping enclosed that Mr.
L. M. Poole of New Orleans wishes to place North Louisiana
in the Atlanta District, of course I have no idea that this
will be done until you have thoroughly investigated the
situation.
The banks in this section are delielted with the
service of the Dallas Federal Reserve Bank, this section of
Louisiena has never been very close to New Orleans in a
business way, competition being very keen between the two
cities, while Shreveport is about z0 miles from the Texas
line.
If any change is to be made, would think the banks
in Mississippi that are now in
the
Eighth District, or that
is a part of them, could be transferred to the Sixth and do
business through the New Orleans branch, as I made a trip
through that part of Mississippi in June, and they were all
dissatisfied with the service they were receiving from tne
St. Louis banks andraot a siygle one of the banks that I
examined at that time were inclined to do any business with
INQUIRIES MADE BY THIS OFFICE BEARING UPON THE ASSETS
OR THE AFFAIRS OF BANKS. HAVE TO DO WITH THE CUSTOMARY
EXAMINATIONS MADE FROM TIME TO TIME. OF EVERY INSTITUTION CONNECTED WITH THE SHREVEPORT CLEARING HOUSE
ASSOCIATION.
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Federal Reserve Bank of St. Louis
1
Silo jrirEVORM CfiEli\v
cr
ACKS C9INTION
DEPARTMEN T OF EXAMINATIOF
,
L. P
.HOSMEr
SHREVEPORT,LA.
EXAMINER
the St. Louis bank, every one had a kick of some kind, while tW
banks that I have examined in the 11th and 6th Districts were well
pleased with the service rendered by their Reserve II.anks.
I was recently in Dallas and had the 91ea.Eure of meeting'
the directors and officers of the Federal Reserve Bank, being there
an the da7r of their regular monthly meeting, they certainly have a
very strong 13oa1'd nnel one can reacti1y see why this Dank is making
headway.
With warn perrsonal regards and very best wishPs,
Sincerely yours,
INQUIRIES MADE BY THIS OFFICE BEARING UPON THE ASSETS
OR THE AFFAIRS OF BANKS. HAVE TO DO WITH THE CUSTOMARY
EXAMINATIONS MADE FROM TIME TO TIME, OF EVERY INSTITUTION CONNECTED WITH THE SHREVEPORT CLEARING HOUSE
ASSOCIATION.
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Federal Reserve Bank of St. Louis
1.1.111M111111011001111M11
PLAN TO CHANGE
BANK DISTRICT
N. 0. Wants North Louisiana Attached to
Branch Bank.
Washington, Sept. 30.—L. M. Poole,
of New Orleans, suggested to the federal reserve board today that part of
Northern Louisiana, now in the Dallas
reserve district, be shifted to the Atlanta district so banks in the territory will do business through the
New Orleans branch of the Atlanta
bank, when it is established. The
question was not discussed by the
board, but was referred to counsel and
taken up later.
will be
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
•
FEDERAL RESERVE BOARD
WAS
October 2, 1915.
id..AXRANDUL FOR THE BOARD.
At a meeting of the Board on September 30 the cuestion of the status of the petitions of certain Louisiana
banks to be transferred from the Dallas to the Atlanta
district was referred to this office.
On .e.4y 22, 1(-J15, a letter was written to mr. Harding
b.; the Preside. of the Commercial National Bunk of New
-It
Orleans, enclosing the petitions of twenty-two out of the
twenty-seven banks located in that part of Louisiana which
belongs to the Dallas district, requesting that they be
transferred to the Atlanta district.
It has been.possible, after a thorough search, to
find only nine of the itenti-two petitions referred to
in Mr. Fulton's letter, there being no record whatever in
any of tne files of the other thirteen petitions.
The attached paper, so far as they go, are in proper form, and if the other thirteen petitions should be
located, the request fcr
transfer of the western half of
Louisiana to the Atlanta Bank would seem to be in full
aczora with the reqAxements of Regulation No. 1 setting
forth the procedure of any appeals from the decision of
the Reserve Bank Org-nization Committee.
It is to be noted in this connection, however, that
on !',y 7 Mr. H. V. Whipple, President of the ::.erchants'
Nationa.A. Bank of New Haven, Connecticut, filed a'petition
signed by the member banks located in the southwestern
part of the state of Connecticut to be transferred from
the Boston to the New lork district. On May 21 the Board
advised Mr. Whipple that it could not consistently continue the hearing on review of the decision of the Organization Committee for 4 further period but that under the
power to readjust the Board might further consider that
petition if in the light of experience obtained from the
operation of the system it might seem advisable to make
further aJ.terations in the various districts.
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Federal Reserve Bank of St. Louis
FOR TADARD.
10-4-15
ID
#2
There would seom to be no difference in the nature
of these two appeals, and the Board, if it decides to
undertake the readjustment of the sixth -nd eleventh
districts, will no doubt receive many other petitions
from various parts of the country in L,d'ition c.c. reopening
,
the petition of the Connecticut banks already on file.
The Board has not yet determined whether the same
procedure in the matter of hearings will be followed in
exercising its power to "readjust from time to time"
the districts creed and it is c.ccordingly suggested
that before fixint any date for hearing this petition it
,
might consider the question of adopting regulations on this
subject.
Respectfully,
Counsel.
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Federal Reserve Bank of St. Louis
267
FEDERAL
Date
272
SoPt, 309 1915. '
RESERVE
BOARD
MlIORANDUM
For Mr.
At a meeting of the Federal Reserve Board on
2 t. 30
, the following matter
was referred to, you (as menbpr,
Counsel
(as
11
The petition and other docum.unts in the case of
the Louisiana bunks applying for transfer to the
Sixth Federal Reserve District (Atlanta), the same to
be reported on as early as poosible, in order thatthe Board may consider the subject at the meeting on
Monday, October 4.
Yv-p
Secretary.
Please return this memorandum with copy of
documents resulting from action taken, if any.
Date
Documents
Signature
(
LOUIS MAYER,PRESIDENT.
111
J.LEER LACOM BE,C.sHiER.
S.A.GOU RNAY,VicE-RPEsi DENT.
N9 8677
TIMSTNATIMALBANK OFEVNICE
EUNIIIEJLA,
1t,
June
th,1915.
Mr.R.L.VanZandt,Governor,
Federal Reserve Bank,
Dallas,Texas.
Dear Mr.Van Zandt:I am in receipt of your letter of the 4th,
inst.enclosing credit memo-randums for the proceeds of notes
notes discounted with you aggregating F10,810.60, which were
sent to you in our letter of the 2nd,inst.
While acknowledging receipt of this letter
1 cannot refrain from expressing my appreciation for the prompt
and efficient manner in which this matter as well as others are
handled by your institution.
Your very able letter of May 26th,has been
received, read and discussed at a Board of Directors meeting
and our Board are in perfect accord with the explanations as
contained in the letter.
Our mr.Mayder remembered of having signed the
petition in question without any thought except that it would
be to our advantage to be affiliated with a New Orleans ederal Bank, however after thinking the matter over and thoroubhly weighing situation we are of the opinion that we could not
better the situation one bit, as our various experiences have
shown us by practical demonstration that we could have no
prompter service than the splendid service your good Bank is
giving.
With every kind assurance, we beg to remain,
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Federal Reserve Bank of St. Louis
Yours v
y truly,
Cashier.
AA.SHAW,
PRESIDENT.
J.H.Mc MAHON ,
D.E.SHAW,
ICE PRESIDENT.
CAS HI
41110
K. R.CAGLE ,
ASST CASHIER.
DE iliimER,LoutsiANA, May 29th., 1915.
Mr. R. L. VanZandt, Govenor,
Federal Reserve Bank,
Dallas,
Texas.
Dear Mr. Van zandt:
Replying to yiur letter of the 26th. inst.
/
in regard to potion to include this portion of Louisiana
in the Atlanta
district, beg to advise that this
petition was sent to us some time ago from The Commercial
National Bank, New Orleans,
La. and we returned same
unsigned, advising them that we were very well satisfied
with our present connection with The Federal Reserve
Bank, Dallas, Texas.
Thanking you for past favors and assuring you
that we do not wish to be "divorced- from your good bank,
we are,
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Federal Reserve Bank of St. Louis
CLAP.MX a ccluorra samer•-rna .
MICHAEL BERNSTEIN.Vocc-Pwcsiocrir
M. A. McCUTCH EN,VICIE-PRILVIDKNT AND CAISHIDA
CAISHIDD
S. E.SMITH, Ass,
&INDENT
S. W. SMITH.
J. C•TRICHEL. ACTIVE VICE-PRESIDENT
J. M.TUCKER,VICE-PRESIDENT
Etc
AMERICAN NATIONAL BANK
CAPITAL $150,000.00.
SURPLUS AND PROFITS $50,000.00.
R EVE PO RT,LA.,
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Federal Reserve Bank of St. Louis
1-13etia:_:; of air.;etbirs of
.
21
1
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lic,11c,s in Dit;trict, 11,
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t e Fe dor 1 lie L.3e*.,- o
of
Ccshica..
.
•
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J:1.1., 10, 1915,
c.
f.;
held - Oct.,12, 1915.
Form 40
D A
yli TELEGRAM
FEDERAL
L E T TOR
RESERVE
WASH I N a-ro N
BOARD
January 5, 1915.
R. L. Van aunt, Governor,
Federal Peserve Bank,
Dallas, Texas.
In reply to inquiry from Bofollowing fourteen barks in western Louisiana
requf,st transfer to Sixth diet' ct: Calcasieu of Lake Charles, First of Lake
Providence, Planters of Ope usas, First of Lafayette, First of Alexandria, State
National of New Iberia, F'rst of Jeanette, First of Winfield, First of Lake Charles,
Opelusas of Opelus.as, 0,:chita of Monroe, First of Shreveport, First of Abbeville,
First of Villa Plat
Following ten request that no transfer be made: American
of Shreveport, Fi t of Gibsland, First of Eunice, Commercial of Shreveport, First
of Crowley, Fir
of Arcadia., First of Morgan City, First of Minden, Honer
of Homer, New beria of New Iberia. Remaining two banks not heard from.
WILLIS,
Secretary.
isv t
c/
OFFICIAL BUSINESS
GOVERNMENT RATES
CHARGE FEDERAL RESERVE BOARD
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Federal Reserve Bank of St. Louis
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TELEGRAM
35
collect ,Lcvv
,
rr
Federal reserve Eoard
T;a4F,
,hn
Drier of NewOrleans branch bank
jut rued but ro copy
of ori.inal potition .and siL:naturec
with reply until reed can
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Federal Reserve Bank of St. Louis
thereto unable to intelliently proceed
you furnish anzwer
Vanzandt Gov
4p
•
R,EC'D IN FILES SECTION
APR 2 51950 1i(
HALL,MON ROE
8c LEMANN,
LAW OFFICEScABLE-RONCALI
PHONE M.149.
HIBERNIA BANK BUILDING.
P.O.BOX 444
J. BLANC MONROE.
MONTE M.LE MANN.
NEW ORLEANS.
WATTS K.LEVERICH.
JOSEPH VV.MONTOOMERY.
ST. JOHN PERRET
S
Hon. E. 'J. Elliott,
November 16, 1914.
Counsel,
Federal Reserve Board,
Washington, D.C.
Dear Sir:-
•
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Federal Reserve Bank of St. Louis
We acknowledge receipt of and than: you for
your courteous favor of the 13th insti, with its enclosure.
We shall doubtless let you hear from us fur-
ther in regard to the matter within the next fortnight.
Yours truly,
(..nr-ecrt.
JBM-K
r
rovember 13th, 1914.
Y.eners. Hall, :onroe c Lemann,
Hibernia Bank T2ui1l1n,
Few Orleans, La.
lentlenen:—
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Federal Reserve Bank of St. Louis
In reply to yours of November Cith r an onclosin
herewith Regulation 7umbr 1 -at the—Federal neserve 7oard
which prescribes the method of procedure in appeals from
the decision of the Organization Committee and which will
no ioubt give you the information desired.
,nt to the
Owin7 to the conzection of work incid(
openin of the soveril Federal rserve b-nks, the Federal
Reserve Poard has founl it impracticable to hoar any appeals
Prior to the formal openik, of the Federal mserve banks.
It Is my ,Inderstanding, however, that the 7oard
7111 arringe for oral arzument in those cases in which
either side 4esires to present its case orally as soon as
110
a convenient time can be fixed and those forwardiryr, apne,
will be duly notified of any haarings to be )eld, vlhich
hearings will be held in the City of wrashinton.
Respectfully,
rnclosure.
REM)IN FILES SECTION
HALL, MONROE
8c
LEMANN,
LAW OFFICES.
PHONE M.I49.
APR 2 5 1950
2-
cAst_CRONCAL
.
HIBERNIA BANK BUILDING.
J. BLANC MONROE.
MONTE M.LEMANN.
WATTS K.LEVERICH.
JOSEPH w.MONTOOMERY.
ST. JOHN PE RRET
•
P.0.90X 444
NEW ORLEANS.
November
6th-1914.
Hon. M. C. Elliott, Counsel,
Federal Reserve Board,
Washington, D.C.
Dear Sir:We have been requested by the parties in interest locally to
•
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Federal Reserve Bank of St. Louis
secure from you the following information in regard to the protest ;eretofore made by New Orleans against the failure of the Organization Committee to select New Orleans as a Federal Reserve city, and the favorable
decision of that Committee in the cases of Dallas, Texas and Atlanta,Ga.
namely:
(1) Is the protest of the City of New Orleans heretofore filed
in proper form to be considered and heard by the Federal Reserve Board
and to-preserve the rights of the City of New Orleans in the premises?
(2)
If said protest is not in the proper form, what is the
proper form?
(3) Has any time been prescribed by the Federal Reserve Board
within which protests of this character must be filed with it?
(4) When will protests of this character, if formally correct,
be heard by the Federal Reserve Board?
(5) Where will such hearings be had?
Thamking you for your attention to the matter at as early
a date as your convenience will allow, we are,
Yours very truly,
JBM-K
Make-
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Federal Reserve Bank of St. Louis
@FedFRASER