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421.11-6 - Bank Suspensions Since Jan 1 1921
Nonmember State Banks Kentucky A-Z
Committee pn Branch Group & Chain Banking
oirmmosom.004.4.46.4
t
-44 vo644 ,
0
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
P•a‘ •
El
National bank
Name of State
at State bank
O Trust company
O Stock savings bank
O
Kentucky
Mutual savings bank
O Private bank
1. Name of bank Blackey State Bank
•
2. Date organized
3. Federal reserve district
1920
4
Town or City
Blackey
Date suspended Nov.14,1928 Population of town or city* 200
.
Member or nonmember of F. R. System_Non—k
4. Number of branches operated: In city of parent bank_
None
Outside city of parent bank**
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
etcher
'
County ,
6. Condition figures, as of (date*)
Nov. 14, 1928
Loans and discounts:
On real estate
Other
Total loans and discounts
91,500.67_
Real estate acquired in satisfaction of debts
1,201.2Q_
96,
Investments
e-2/
5,319.82
37,130.57
All other resources
135,152.26
Total resources
15,000.00
Capital
Surplus and undivided profits
2,763.32
4,
Deposits:
5,568.40
Due to banks**
Demand deposits, including U. S. Govt. deposits
57,405.09
Time deposits, including postal savings
39,548.73
102,522.22
Total deposits
Borrowings from F. R. bank
14,700.00
Borrowings from other banks
166.72
All other liabilities
135,152.26
.
1
Total liabilities
7. 1-las this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
S. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Per cent of loss
to claims
Amount of loss
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?
Yes
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Secured claims.... Bills—Pay.
Total payments
14,700
Preferred claims... P. 0. Funds
972.75
General claims. . . . Paid on All Other Claims
Per cent of payments
to claims allowed
100$
100%
20%
Total claims. . ..
10. Has this bank been finally liquidated?
No
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims
Preferred claims
General claims. .
Total claims
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
No
If so, state what industry or type of agriculture
•
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
Jsin
1
1 925;
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Not Yet
If so, give dates and amounts of all assessments
SEP 1 0 1030
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
0 National bank
Name of State
Pg State bank
0 Trust company
O Stock savings bank
El
Mutual savings bank
Kentucky
O Private bank
1. Name of bank Bond State .-ank
Town or City
,,ond
County
Jackson
•
2. Date organized
Date suspended Js.n.7, 1925 Population of town or city*
1917
3. Federal reserve district
4
4. Number of branches operated: In city of parent bank
Member or nonmember of F. R. System___Non-M
None
Outside city of parent bank** None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
200
6. Condition figures, as of (date*)
Jan. 7, 1925
Loans and discounts:
On real estate
Other
77,309.84
Total loans and discounts
Real estate acquired in satisfaction of debts
.00
U.Axtougla...Shortage..af. L;ashier. lc. Surplus.•wefloit
Y? 3,6?.
73.581.26
All other resources
15,364.40
166,255.50
Total resources
15,000.00
Capital
Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
62,076.53
Time deposits, including postal savings
69,718.46
$ 131,794.99
Total deposits
Borrowings from F. R. bank
Borrowings from ANWPWEIVC. .N
U•
19,460.51
Bond
All other liabilities
166,255.50
Total liabilities
7. Has this bank been reopened?
no
If so give:
Date of reopening
Name under which reopened
Amount of loss
Loss to depositors on:
Per cent of loss
to claims
Secured claims
Preferred claims
None
None
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
S. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Na
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
• Per cent of payments
to claims allowed
Secured claims. ..
Preferred claims..
General claims. ...
Total claims. ...
10. Has this bank been finally liquidated?
Dae liquidation was completed
Yes
If so give:
June 30, 1925
Collections:
.
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Dividends paid from
' collections
Payments from
guaranty fund
Secured claims
Preferred claims.. .
General claims. . ..
Total claims
All veposits
d Claims
•d
100%
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
of Cashier
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
No
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
Dec. 26, 1924
Examination by Accountant
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
N. U.
Yes
If so, give dates and amounts of all assessments
ond President made good and paid depositors in full
•
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
O
National bank
11
--Slate bank
• Trust company
O Stock savings bank
El Mutual savings bank
O Private bank
1. Name of bank
2. Date organized
n or City•-,e-eSounty
/ C
3. Federal reserve district
Date suspende
1/
7
Population of town or city* c '• 6- 3
,
Member or nonmember of F R System_21/
4. Number of branches operated: In city of parent bank__
4
Outside city of parent bank**
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
6. Condition figures, as of (date*)
//7
Loans and discounts:
On real estate
Other
si<r-vo*
Total loans and discounts
$
toe_77
Real estate acquired in satisfaction of debts
.
Investments
All other resources
Total resources
—o e2 o —
42 c
Capital
Surplus and undivided profits
Deposits:
$
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
3
C.?.e/
,57 0 3 V6
117/
Total deposits
73
$
61,7
Borrowings from F. R. bank
Borrowings from other banks
p
o a
6/ 6
All other liabilities
-
r.
Total liabilities
7. IIas this bank been reopened?
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
8. Has this bank been taken over by another bank' 4
"7.-zn2_._ If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
If so give payments to date:
9. Is this bank still in process of liquidation?
mounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
Secured claims. .
i
Preferred claims...
General claims
iiriat.‘
,
Ar
A 4141W
Total claims. . ..
e
If so give:
10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims...
General claims
Total claims
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify).
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
/7
(
12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
SEP 10 1930
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
O National bank
Name of State
EI State bank
O Trust company
• Stock savings bank
EJ
Mutual savings bank
iientucky
O Private bank
•
1. Name of bank Farmers Equity Bank
2. Date organized
1907
3. Federal reserve district
Town or City
Brooksville
Date suspended Sept.12,1924 Population of town or city*
4
800
Member or nonmember of F. R Systern_800
4. Number of branches operated: In city of parent bank
None
Outside city of parent bank**
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County_Bra_oken_
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
$
258,554.24
Real estate acquired in satisfaction of debts
Investments
r
All other resources
10,273.73
12,658.29
Total resources
281,486.26
Capital
25,000.00
Surplus and undivided profits
12,490.06
•
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
128,264.32
91,715.52
219,979.84
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
231372.21
All other liabilities
644.15
281,486.26
Total liabilities
7. Has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
.* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
•
No
8. Has this bank been taken over by another bank?
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
--imonnt of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Secured claims. ... . Bills Payable
Preferred claims .
Drafts
Total payments
Per cent of payments
to claims allowed
23,372.21
644.15
,
_10_0%
100%
General claims.... Deposits
85%
Total claims.. ..
_
_
10. Has this bank been finally liquidated? No
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims. .. .
Preferred claims
General claims
Total claims. . .
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claimsallowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
Defalcation
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
F.r.Q
Other causes, (specify)
Lpans
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
General Farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspenJan 1, 1924
sion?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Yes
If so, give dates and amounts of all assessments
Double Liability of Stockholders $23,489.81
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
41
El National bank
a
Name of State
State bank
El Trust company
O Stock savings bank
O Mutual savings bank
Kentucky
t] Private bank
•
1. Name of bank Bank of
2. Date organized
1904
3. Federal reserve district 4
brya.ntsville
Town or City
Bryantsville County iya.rrard
Date suspended Nov.4, 1925 Population of town or city* 100
Iember or nonmember of F. R. System
4. Number of branches operated: In city of parent bank_ None
Outside city of parent bank**
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
Non—X.
6. Condition figures, as of (date*)
Nov. 13, 1925
Loans and discounts:
On real estate
Other
Total loans and discounts
54,521.83
Real estate acquired in satisfaction of debts
Investments
91991.07
All other resources
Total resources
64,512.90
15,000.00
Capital
Surplus and undivided profits
2,253.12 •
Deposits:
Due to banks**
28,438.05
Demand deposits, including U. S. Govt. deposits
4.821 73
.
Time deposits, including postal savings
37,259.78
Total deposits
Borrowings from F. R. bank
10,000.00
Borrowings from other banks
All other liabilities
64,512.90 •
Total liabilities
7. Has this bank been reopened?
no
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claints
Secured claims
Preferred claims
General claims
Total
No
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims. . ..
Preferred claims..
General claims. .. .
Total claims. . .
10. Has this bank been finally liquidated?
Date liquidation was completed
Yes
If so give:
June 30, 1928
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
claims
Preferred claims
General claims
.All.uepos itors An& Claims Paid
Total claims. .
100%
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
Defalcation
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Frozen and Over Loaned
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
Farming & cattle Raising
What was the approximate date of the beginning of the difficulty which ultimately caused the suspenAug. 1, 1922
sion?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Yes
If so, give dates and amounts of all assessments
otockholders assessment of 0850
•
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
O
National bank
0
Name of State
2 State bank
O Trust company
O Stock savings bank
O
lutual savings bank
Kentucky
O Private bank
•
1. Name of bank___ Bank of Calhoun
2. Date organized
1886
3. Federal reserve district
Town or City
Calhoun
Date suspended May 7, 1926 Population of town or city*
8
4. Number of branches operated: In city of parent bank
vicLean
74$_
Member or nonmember of F. R. System Non-M.
None
Outside city of parent bank**
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County
6. Condition figures, as of (date*)
May 8, 1926
Loans and discounts:
On real estate
Other
Total loans and discounts
400,525.94
Real estate acquired in satisfaction of debts
Investments
585.74
1/
7
All other resources
21,903.59
423,015.27
Total resources
Capital
22,000.00
Surplus and undivided profits
26,342.58
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
133,779.35
Time deposits, including postal savings
169,126.27
302,905.62
Total deposits
Borrowings from F. R. bank
65,000.00
Borrowings from other banks
6,767.07
All other liabilities
423,015.27
Total liabilities
7. I-Ias this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
N
8. Has this bank been taken over by another bank?
If so give:
• Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?
Yes
If so give payments to date:
Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Secured claims. . .. Bills Paya le
Total payments
65,000
Preferred claims... Drafts
5,596.92
General claims. . . . Depos its
Per cent of payments
to claims allowed
10.W._
100a_
2.5%_
Total claims. . . .
10. Has this bank been finally liquidated? No
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
'
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims.
General claims. . . .
Total claims....
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
X
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
•
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
No
If so, state what industry or type of agriculture
•
What was the approximate date of the beginning of the difficulty which ultimately caused the suspenJan. 1, 1926
sion?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Yes
If so, give dates and amounts of all assessments
Double Liability Collected $3,500.00
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
O
National bank
JEIS
-tate bank
O Trust company
O Stock savings bank
El
Mutual savings bank
O Private bank
1. Name of bankger-c
•
2. Date organized
if
OttE--z-c-ex-64-wn or City
Date suspended
3. Federal reserve district
N-30 Population of town or city*
Member or nonmember of F. R. System
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
"7
/40 2-
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
1,
$
/
/
Real estate acquired in satisfaction of debts
2/
Investments
3 7, 7
All other resources
Total resources
is,
7
1 5LS:7y(
/
Capital
•
//
Surplus and undivided profits
Deposits:
Due to banks**
(6
$
Demand deposits, including U. S. Govt. deposits
Tune deposits, including postal savings
I.J,
.3 0
/
1
?-r&
?
$
Total deposits
8 1//
,
Borrowings from F. R. bank
/ 0 0 c) ---
Borrowings from other banks
All other liabilities
Total liabilities
7. Has this bank been reopened?
it
kt,o
1j3•
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
V
If so give:
8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
If so give payments to date:
9. Is this bank still in process of liquidation?
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments •
Per cent of payments
to claims allowed
Secured claims. ...
t ,I
Arr ,
General claims. ... LAW /••
4.•
Preferred claims. .
Total claims. . ..
If so give:
10. Has this bank been finally liquidated?
Date liquidation was completed
•
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims. ...
Preferred claims
General claims. .
Total claims
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
•
1.------
Failure of affiliated institution (Name)
Failure of correspondent (Name)
.
-0.-w/
I
-------...----
'
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
'
-- -,0
2
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
/
'c
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
•
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
0 National bank
1P----Siate bank
O Trust company
O Stock savings bank
0 Mutual savings bank
O Private bank
a ,A(z_...,_06own
1. Name of bank_,Ze
•
2. Date organized
/ 0
3. Federal reserve district
or City
Date suspended
if
Population of town or city* AC tsr- 7
Member or nonmember of F. R. Syste
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County •V--e/--e-eCt
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
$
zi-re
Real estate acquired in satisfaction of debts
'As
-0 cf)
Investments
3,
7
1
37
-
2
7
,00
ra
All other resources
Total resources
;-•
7
1S
-
4
,9 0 0 0
Capital
Surplus and undivided profits
21
0—
•
,57 Ysr
.
-
Deposits:
C
Due to banks**
Demand deposits, including U. S. Govt. deposits
Tune deposits, including postal savings
,
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
-
Total liabilities
7. has this bank been reopened?
fr)7_ -6
,
'hr.
2- 7w, •
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
8. Has this bank been taken over by another bank?
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
If so give payments to date:
9. Is this bank still in process of liquidation?
Amounts in dollars)
Claims allowed
Secured claims. . ..
f
General claims. ..
Total claims. . .
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
1
I
Preferred claims
Dividends paid from
collections
I
MI
7I
, iff
,
r it
t
If so give:
10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims. .
Total claims
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
t/ •
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
o
12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
•
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
45
National bank
Name of State
5i State bank
III Trust company
ID Stock savings bank
1:1
Mutual savings bank
Kentucky
Private bank
•
The
1. Name of bank_ Union 1,ank
2. Date organized
3. Federal reserve district
1902
Town or City
vornishville County
Date suspended March 4,1927 Population of town or city*
8
Member or nonmember of F R. System
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
None
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
Mercer
250
Non la
Lia.rch 4, 1927
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
102,370.32
Real estate acquired in satisfaction of debts
5,130.41,
2 /d
/1‘e '
Investments
•
5,900,00
All other resources
126,808.88
Total resources
Capital
15,000.00
Surplus and undivided profits
2,942.38
Deposits:
2,037.79
Due to banks**
Demand deposits, including U. S. Govt. deposits
68,398.08
Time deposits, including postal savings
28,435.63
98,866.50
Total deposits
Borrowings from F. R. bank
10,000.00
Borrowings from other banks
All other liabilities
176,808.88 •
Total liabilities
7. Has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per, cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
S. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
No
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Secured claims. ..
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
,
Preferred claims..
General claims. . ..
Total claims. . ..
10. Has this bank been finally liquidated?
Date liquidation was completed
Yes
If so give:
June 29, 1929
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed •
Secured
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
claims
Preferred claims...
General claims
Total claims. .. .
All Depositors Paid in full with_ interest
100%
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
X
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
•
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
General Farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
July 1, 1926
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
No•
If so, give dates and amounts of all assessments
•
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
0 National bank
Ej---State bank
0 Trust company
0 Stock savings bank
0 Mutual savings bank
0 Private bank
1. Name of bank
City
AO.
•
2. Date organized
/f
Date suspende
Population of town or city*
Member or nonmember of F. R. Syste
3. Federal reserve district
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
$ J
Total loans and discounts
s
4/72,
.ro
Real estate acquired in satisfaction of debts
71-"-0
,
0
Investments
All other resources
4 st I "1
.
4--/1. 3
L7‘,,
Total resources
Capital
,
c—
Surplus and undivided profits
Deposits:
$
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
-2 41
0/
74
,83(7,73
4's7
Total deposits
$
/ 1/.7/e.1.
-r7
Borrowings from F. R. bank
/ 0 ap ts
Borrowings from other banks
/, o
All other liabilities
,..4 7831/•
/7‘ -4
Total liabilities
7. has this bank been reopened?
fri ir7
-
3-1<d/
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
If sq give:
8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
so give payments to date:
9. Is this bank still in process of liquidation?
mounts in dollars)
Dividends paid from
collections
Claims allowed
Secured
claims
A.
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
I
A r
1
Preferred claims
f
General claims. ...
,g.7
i,,
!AlfW
k"
1 ,
Total claims
If so give:
10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims.
Total claims. .. .
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?________:?
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
e
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
O
ki)
National bank
Name of State
171 State bank
O Trust company
O Stock savings bank
O
Mutual savings bank
Kentucky
O Private bank
Deposit Bank
1. Name of bank
Town or City
Cropper -
County_Shelby
•
2. Date organized
Date suspended June 8,1921 Population of town or city*
1902
3. Federal reserve district
8
Member or nonmember of F. R. System_
4. Number of branches operated: In city of parent bank__
None
Outside city of parent bank**
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
112
NorxwM
6. Condition figures, as of (date*)
\
•
r-N•
\
Loans and discounts:
On real estate
Other
Total loans and discounts
$
Real estate acquired in satisfaction of debts
Investments
All other resources
Total resources
Capital
C CD
Surplus and undivided profits
c3.
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
31
;-3TO
124 -4364
-r3 -51-
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
Total liabilities
7. has this bank been reopened? no
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
S. Has this bank been taken over by another bank? no
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
If so give payments to date:
9. Is this bank still in process of liquidation?
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims. .. .
Preferred claims.. .
General claims
Total claims.. ..
10. Has this bank been finally liquidated?
Date liquidation was completed
Yes
If so give:
May 1, 1924
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
claims
Preferred claims
General claims. . ..
Total claims
Paid all Claims ix full
100%
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
of (-Ashler
X
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
No
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
Jan. 1, 1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
No
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
O National bank
Name of State
• State bank
O Trust company
O Stock savings bank
O
Mutual savings bank
Kentucky
O Private bank
•
1. Name of bank Elsniere Savings Bank
2. Date organized
1927
3. Federal reserve district ig\
Town or City—Erlanger
Date suspendedJuly 3,1930
County Kenton
Population of town or city*._900__
Member or nonmember of F R. System Tion-M
4. Number of branches operated: In city of parent bank_ None
Outside city of parent bank**
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
No
6. Condition figures, as of (date*) July 3, 1930
Loans and discounts:
$
On real estate
45,375.00
175,588.69
Other
Total loans and discounts
220,963.69
Real estate acquired in satisfaction of debts
1,867•9_5_
Investments
18,013.35
All other resources
36,501.46
277,346.45
Total resources
Capital
30,000.00
Surplus and undivided profits
11,370.40 •
Deposits:
$
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
3,B92.00
66,400.23
135,819.76
Total deposits
205,811.99
Borrowings from F. R. bank
29,992.06
Borrowings from other banks
All other liabilities
172.QC_
277.346.45 •
Total liabilities
7. Has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
*0 Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Per cent of loss
to claims
Amount of loss
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation? Yes
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Secured claims. . .
Payments from
guaranty fund
Per cent of payments
to claims allowed
3,20 ,.
General claims...
3-2 °I 7
)
/ V3
-I/ow
Total claims. ..
tci t ,5 t5
Preferred claims..
Total payments
3, 2e 7
5k, 4 2 2
5T 6 2 7i
L I 44
i
10. Has this bank been finally liquidated?
/D- D
3,o
')
/
\
If so give:
Date liquidation was completed
.11
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims. . ..
Preferred claims
General claims. .. .
Total claims. . ..
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
Defalcation
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
„Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
No
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
Jan. 1, 1930
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
Not yet.
•
SEP in lr:)0
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
[I] National bank
Name of State
M State bank
[I] Trust company
El Stock savings bank
El
Mutual savings bank
Kentucky
11] Private bank
•
1. Name of bank_____Evarts State Bank
2. Date organized
1919
3. Federal reserve district
Town or City
Date suspended Jan.21,1925
4
Everts
Population of town or city*AELC_____
Member or nonmember of F. R. System Non-1
4. Number of branches operated: In city of parent bank
Outside city Of parent bank**
None
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County Harlan
May 2, 1925
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
$
65,152.84
Real estate acquired in satisfaction of debts
Investments
All other resources
24,443.61
Total resources
89,596.43
15,000.00
Capital
108.09
Surplus and undivided profits
•
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
51,729.88
Time deposits, including postal savings
13,773.39
$
Total deposits
65,503.27
Borrowings from F. R. bank
Borrowings from other banks
6,862.05
All other liabilities
2,123.02
89,596.43
Total liabilities
7. Has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
•
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Secured claims. . . . Bills-Red.
Total payments
6,862.05
Per cent of payments
to claims allowed
140%
Preferred claims.. .
Paid Depoistors
General claims. ...
d Other Claim
30%
Total claims.
10. Has this bank been finally liquidated?
No
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims
Preferred claims
General claims
Total claims
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
Defalcation
X
Heavy withdrawals of deposits
•
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
No
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
Sokk, 1,
12. I'Vere there any assessments, voluntary or otherwise, on the directors or stoOkholders either before or after the
bank suspended? )1 0 n e--
-e_, /
If so, give dates and amounts of all assessments
40
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
O
National bank
P
----State bank
O Trust company
O Stock savings bank
LI Mutual savings bank
O Private bank
1. Name of bank
----'l
2. Date organized
3. Federal reserve district
own or Ci
Date suspende
Population of town or city*
Member or nonmember of F. R. System____
4. Number of branches operated: In city of parent bank----_
Outside city of parent bank**
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
ZA..-
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
$
/78,&•4‘?.7.-.3
Real estate acquired in satisfaction of debts
Investments
All other resources
'
/7, , .
CV
o
_/ ?, 3/ .3.7
-
Total resources
0 00 —
Capital
47 3
Surplus and undivided profits
/0
,•
Deposits:
Z
/
Due to banks**
F
Demand deposits, including U. S. Govt. deposits
Tune deposits, including postal savings
/c)
07
$
Total deposits
Borrowings from F. R. bank
2.7 a
,
Borrowings from other banks
ca
—
All other liabilities
•
/..s'p
Total liabilities
7. IIas this bank been reopened? #. KL-rf)
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
---8. Has this bank been taken over by another bank? 4-72 1D
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
If so give payments to date:
9. Is this bank still in process of liquidation?
Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
Secured claims. . .
I (
Preferred claims
I
1
1
I
General claims. ..
Total claims. . .
i
1
i Fr r ,
,
10. Has this bank been finally liquidated?
-27-'
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims. ...
Preferred claims
General claims
Total claims.
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses (..1>e to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
1/ •
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
/
L.3 0
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
trp
Type of bank reported—check
appropriate one of the following
El
National bank
Name of State
13 State bank
▪ Trust company
O Stock savings bank
El
Li
•
Mutual savings bank
Private bank
Kentucky
1. Name of bank Bank of Fountain Run
2. Date organized
1902
3. Federal reserve district
Town or City Fountain Run
Date suspended July 26,1923 Population of town or city*
8
4. Number of branches operated: In city of parent bank
Member or nonmember of F. R. System
None
Outside city of parent bank** None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County
Monroe
246
Non—M
July 30, 1923
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
130,493.22
Real estate acquired in satisfaction of debts
ittatztaxanta.. . Surplus. Deficit
/30A
f3
3,623.53
All other resources
12,367.09
Total resources
146,483.84
30,000.00
Capital
•
Surplus and undivided profits
Deposits:
1,045.07
Due to banks**
Demand deposits, including U. S. Govt. deposits
39,551.94
Time deposits, including postal savings
34,966.57
Total deposits
75,563.58
Borrowings from F. R. bank
39,469.00
Borrowings from other banks
All other liabilities
1,451.26
146,483.84•
Total liabilities
7. Ilas this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
No
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims. ...
Preferred claims.. .
General claims. . ..
Total claims. ...
10. Has this bank been finally liquidated?
Yes
If so give:
1926
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Securea claims. ..
Dividends paid from
collections
Bills Payare
Payments from
guaranty fund
Total payments
39,469.00
Per cent of payments
to claims allowed
100%
Preferred claims.
General claims
Total claims
Paid Deposi ors
151%
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
Defalcation
X
Heavy withdrawals of deposits
•
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
No
If so, state what industry or type of agriculture
j
a
1 1923
.
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
•
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
National bank
2--giate bank
El Trust company
Stock savings bank
LI Mutual savings bank
li Private bank
1. Name of
S
2. Date organized
CCen-.4-44-) County.)
I
3. Federal reserve district
Population of town or city* 2c)6-4
Date suspende
ff
Member or nonmember of F. R. Syste
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
6. Condition figures, as of (date*)
/07
Loans and discounts:
On real estate
Other
e4-4-1,74go6
Total loans and discounts
S
let -,c3, eL /,
$
Real estate acquired in satisfaction of debts
aZ /
-
7
/
c?‘
3 o
Investments
All other resources
49,"7,4,-513
0 3 71/(7
,
, 3
Total resources
on
Capital
41 7 3 6
,
17
,/7
Surplus and undivided profits
•
Deposits:
Due to banks**
$
73y71
Demand deposits, including U. S. Govt. deposits
2-
0 ,4
7
Tune deposits, including postal savings
/07/71/P. 27
$
Total deposits
J 13, v.=ro,C,.c
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
/ 6(
,9
Z 7
037l_er,S3 •
Total liabilities
-V2-0
7. Has this bank been reopened? ,
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension
** including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
'
--- 3
8. Has this bank been taken over by another bank? 1. 21-
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
If so give payments to date:
9. Is this bank still in process of liquidation?
Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
Secured claims. .. .
Preferred claims...
General claims. . ..
Total claims.
,
,,•
,,
I•
If so give:
10. Has this bank been finally liquidated?
Date liquidation was completed
S
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims....
Preferred claims
General claims. .
Total claims. .. .
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
.4c/C.
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
n National bank
E --State bank
El Trust company
CI Stock savings bank
[1] Mutual savings bank
Private bank
1. Name of bank_
S
2. Date organized /
Town or City
Date suspended
3. Federal reserve district
Population of town or city*
Member or nonmember of F. R. Syste
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
• County
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
14•;,C;Ct
$
Total loans and discounts
Real estate acquired in satisfaction of debts
/
Investments
/ e e LI` / kr
6
All other resources
Total resources
if0 7
,
9, 0 '1
4
Capital
e
Surplus and undivided profits
o
Deposits:
,C.5;7-7
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
-2 /
/ II
e 0 0 71 .
$
Total deposits
7,
43
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
Total liabilities
7. Has this bank been reopened?
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding,
•
If so give:
8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
If so give payments to date:
9. Is this bank still in process of liquidation?
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
Secured claims. .. .
Preferred claims.. .
General claims. ...
-
Total claims..
If so give:
10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims
Total claims. . . .
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary•
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
(-.-z,er-cfrell&ed.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension ?
/
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments_
// 7
1 1
7
11-
•
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
O National bank
Name of State
• State bank
O Trust company
O Stock savings bank
O
Mutual savings bank
Kentucky
O Private bank
1. Name of bank rikendale banking Co.
•
Date suspendedMay 8,1924
2. Date organized 1904
3. Federal reserve district
Town or City Glendale
8
Population of town or city*
Member or nonmember of F. R Systen
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
None
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County
liar din
250
Non-M.
6. Condition figures, as of (date*)
May 7, 1924
Loans and discounts:
On real estate
Other
Total loans and discounts
42,069.53
Real estate acquired in satisfaction of debts
2,990.00
.4/3,
Investments
1,575.00
27,597.26
All other resources
Total resources
86,231.79
Capital
15,000.00
Surplus and undivided profits
17,552.05 •
Deposits:
1,514.16
Due to banks**
Demand deposits, including U. S. Govt. deposits
21,292.19
Time deposits, including postal savings
19,269.89
42,076.24 •
Total deposits
Borrowings from F. R. bank
11,603.50
Borrowings from other banks
All other liabilities
86,231.79
Total liabilities
7. I-Ias this bank been reopened?
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
4,
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation? Yes
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Secured claims. .. . Bil1s—Payab e
_
Total payments
11,603.50
Per cent of payments
to claims allowed
100%
Preferred claims
General claims.... All other C aims
90%
_
Total claims..
10. Has this bank been finally liquidated?
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims
Total claims
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
Defalcation
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
No
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspenMay 1, 1924
sion?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Yes
If so, give dates and amounts of all assessments
Double Liability Collected $5,306.25
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
O
a
‘
!
1
National bank
Name of State
State bank
O Trust company
O Stock savings bank
O
Mutual savings.bank
Kentucky
O Private bank
1. Name of bank
2. Date organized
Citizens State Bank
Greonup
4
4. Number of branches operated: In city of parent bank
Greenup
Member or nonmember of F. R. System Non-M.
Nor
Outside city of parent bank**
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County
Jan.11,1927
Date suspendedPopulation of town or city* 1200
1904
3. Federal reserve district
Town or City
6. Condition figures, as of (date*)
Jan. 11, 192 7
Loans and discounts:
On real estate
Other
Total loans and discounts
$ 79,412.28
Real estate acquired in satisfaction of debts
e4 20..c
Investments
793.13
All other resources
57,148.38
137,353.79
Total resources
15,000.00
Capital
6,105.70
Surplus and undivided profits
•
Deposits:
1,483.37
Due to banks**
Demand deposits, including Ti. S. Govt. deposits
95,511.73
Time deposits, including postal savings
19,2_52.99
$ 116,248.09
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
137,353.79
Total liabilities
7. Has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
•
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims. .
Preferred claims..
"
eo
l
Paid
General claims
_
Total claims.
10. Has this bank been finally liquidated?
No
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims
Preferred claims
General claims
Total claims
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
•
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
No
or agriculture?
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
Double Liability of stockholders $1850.00
•
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
El National bank
Name of State
[t] State bank
0 Trust company
CI Stock savings bank
O
Mutual savings bank
Kentucky
O Private bank
•
1. Name of bank
2. Date organized
Hardyville peposit Bank
1902
3. Federal reserve district
Town or City
Hardyville
Date suspended May 13,1924 Population of town or city* 125
8
4. Number of branches operated: In city of parent bank
Member or nonmember of F. R. System__N on M•
None
Outside city of parent bank** None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County dart
May 13, 1924
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
148,387.6D
Real estate acquired in satisfaction of debts
Investments
16,234.69
All other resources
Total resources
164,622.29
Capital
15,000.00
Surplus and undivided profits
18,655.72
Deposits:
4,310.01
Due to banks**
Demand deposits, including U. S. Govt. deposits
44,783.23
Time deposits, including postal savings
55,587.12
104,680.36
Total deposits
Borrowings from F. R. bank
26,286.21
Borrowings from other banks
All other liabilities
164,622.79
Total liabilities
7. Has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
all
8. Has this bank been taken over by another bank?
If so give:
No
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
No
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims. . ..
Preferred claims.. .
,
General claims. .. .
,
Total claims. . ..
10. Has this bank been finally liquidated?
Date liquidation was completed
Yes
If so give:
April 18, 1928
Collections:
From liquidation of assets
121,496.90
11,350.00
From assessments on shareholders
3,488.11
Other collections (explain)
136,33501
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
claims
Preferred claims
General claims
Total claims
aid on all Claims
134,698.87
97.9%
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
•
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Bad Loans
Other causes, (specify)
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yea
If so, state what industry or type of agriculture
Farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspenMay 1, 1923
sion?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Yes
If so, give dates and amounts of all assessments
$11,350.00 uollected from Stockholders.
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
O National bank
Name of State
1:3 State bank
O Trust company
0 Stock savings bank
O
Mutual savings bank
Kentucky
O Private bank
S
Bank of hartford
1. Name of bank_
2. Date organized
1882
3. Federal reserve district
Date suspended
Town or Cityliar ,tford
Mar 9,1926
8
County
Population of town or city*
Member or nonmember of F. R System_
4. Number of branches operated: In city of parent bank
None
None
Outside city of parent bank**
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
None
Ohio
1200
March 9, 1926
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
$
365,025.95
Real estate acquired in satisfaction of debts
3r5:
Investments
20,000.00
All other resources
63,873.12
Total resources
448,899.07
Capital
40,000.00
Surplus and undivided profits
26,783.12
•
Deposits:
$
Due to banks**
8,794.24
Demand deposits, including U. S. Govt. deposits
164,305.84
Time deposits, including postal savings
169,215.87
$
Total deposits
342,315.95
Borrowings from F. R. bank
39,800.00
Borrowings from other banks
All other liabilities
448,899.07
Total liabilities
7. Has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
•
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Per cent of loss
to claims
Amount of loss
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
-
Payments from
guaranty fund
, :: Ale
Secured claims. ..
;
Preferred claims..
Due Bank
General claims. ..
Total payments
Depositors Paid to date
9,800.00
Per cent of payments
to claims allowed
10004_
8,749.76 _100_
6,5%
Total claims. ..
10. Has this bank been finally liquidated?
No
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims
Total claims
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
X
X
Heavy withdrawals of deposits
•
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
No
•
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspenDec. 1, 1925
sion?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Yes
If so, give dates and amounts of all assessments
Collected Cashier and Vice Pres. Bond
Collected Double Liability
$8,000.00
$ 23,581.15
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
• National bank
Name of State
M State bank
• Trust company
• Stock savings bank
• Mutual savings bank
Kentucky
O Private bank
1. Name of bankPerry Bank Sc Trust Co.
2. Date organized
4
4. Number of branches operated: In city of parent bank
Member or nonmember of F R. System__
None
Outside city of parent bank**
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County
Perry
Date suspended Nov. 15,1928 Population of town or city* 10,000
1928
3. Federal reserve district
Town or City Hazard
h
Non—M.
6. Condition figures, as of (date*)
Nov. 15, 1928
Loans and discounts:
On real estate
Other
Total loans and discounts
1,157,056.35_
Real estate acquired in satisfaction of debts
Investments
41,899.27_
114,534.57
/J.;
71,496.52
All other resources
Total resources
1,384,986.71
100,000.00
Capital
Surplus and undivided profits
6,791.56
fle
Deposits:
27,752.56
Due to banks**
Demand deposits, including U. S. Govt. deposits
538,891.74
Time deposits, including postal savings
585.402.37
$
Total deposits
1,152,046.67
Borrowings from F. R. bank
Borrowings from other banks
79,317.95
All other liabilities
46,830.53_
Total liabilities
7. IIas this bank been reopened?
1,384.986.71 •
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
S. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranV fund
Secured claims. .. . Bills Payable
Due Banks
us Dept.
Preferred claims...
All other claims so far
General claims
Total payments
Per cent of payments
to claims allowed
79,317.95
1010/8
3,907.28
46,830.53
100%
100%
10%
_
Total claims
•
10. Has this bank been finally liquidated?
No
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims. ...
Total claims
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
X
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
Defalcation
Heavy withdrawals of deposits
X
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Frozen Loans
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
Coal Mining
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
July1
1927
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
N ot yet
If so, give dates and amounts of all assessments
•
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
CS
3
46,
O
National bank
Name of State
State bank
O Trust company
O Stock savings bank
O
Mutual savings bank
Kentucky
0 Private bank
•
1. Name of bankazel Green Bank
2. Date organized
1905
3. Federal reserve district
Town or city Hazel Green
Date suspended June 30
4
Outside city of parent bank**
Wolf
1930Population of town or city* 300
Member or nonmember of F. R. System
4. Number of branches operated: In city of parent bank
None
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County
No
Non—M.
June 30, 1930
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
223,008„0_3_
Real estate acquired in satisfaction of debts
,S
)
Investments
9,755.05
All other resources
3,793.48
Total resources
236,556,56
Capital
15,000.00
Surplus and undivided profits
11,698.48
110
Deposits:
37.78
Due to banks**
Demand deposits, including U. S. Govt. deposits
96,871.30
Time deposits, including postal savings
87,949.00
184,858.08
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
25,000.00
All other liabilities
236,556.56 •
Total liabilities
7. Has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?
Yes
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
_
Secured claims. . ..
No pa.yment yet
Preferred claims...
General claims
Total claims.. ..
---
10. Has this bank been finally liquidated?
No
If so give:
Date liquidation was completed
Collections:
4111
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims
Total claims
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen *
agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
Defalcation
Heavy withdrawals of deposits
X
•
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
Farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspenMay 1, 1930
sion?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Not yet
If so, give dates and amounts of all assessments
110/
Vmkapewet
,
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than' once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
O
National bank
Name of State
O State bank
O Trust company
O Stock savings bank
O
Mutual savings bank
IcentlicXY
O Private bank
1. Name of bank Bank
a
Hellier
Town or City
Hellier
County
Pike
•
2. Date organized
1920
3. Federal reserve district
44
Date suspended Sept• 26, 19 pulation of town or city* 1884
4
Member or nonmember of F. R. Systen
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
None
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
No
Non—M
6. Condition figures, as of (date*)
AUG. 1, 1928
Loans and discounts:
On real estate
Other
650014.25
Total loans and discounts
Real estate acquired in satisfaction of debts
9/
Investments
16,676.77
All other resources
44,764.73
126,455.75
Total resources
20,000.00
Capital
4,018.53
Surplus and undivided profits
Deposits:
$
Due to banks**
1,847.61
Demand deposits, including U. S. Govt. deposits
65,490.46
Time deposits, including postal savings
35,099.15
$
Total deposits
102,437.22
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
126,455.75
Total liabilities
7. has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
•
8. Has this bank been taken over by another bank?
Yes
If so give:
Name of bank by which taken over Pikeville Nat'l Bank, Pikeville, KY.
Date taken over
kur 1, 1928
.
Loss to depositors on:
Amount of loss
Secured claims
Per cent of loss
to claims
None
ft
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims. ...
Preferred claims...
,
General claims. .
Total claims.. . .
10. Has this bank been finally liquidated?
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
•
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims
Total claims
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
X
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify).... Not .making. money
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
No
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
/an. 1 1928
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
N
°
If so, give dates and amounts of all assessments
•
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
O National bank
O
State bank
O Trust company
O Stock savings bank
O
Mutual savings bank
O Private bank
•
1. Name of bankoples Savings Bank
2. Date organized
3. Federal reserve district
1907
Town or City Henderson
Date suspended Jan.18,1927 Population of town or city* 12,000
8
Member or nonmember of F. R. System
4. Number of branches operated: In city of parent bank
N nR
None
Outside city of parent bank**
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County Henderson
Non—M.
6. Condition figures, as of (date*)
Jan. 18, 1927
Loans and discounts:
On real estate
Other
Total loans and discounts
177,172.18
Real estate acquired in satisfaction of debts
10,950.00
76D
)
1 77
Investments
All other resources
588.14
41,223.44
229,933.76
Total resources
25,000.00
Capital
1,500.00 •
Surplus and undivided profits
Deposits:
$
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
6,059.56
105,385.88
78,538.28
189,983.72
Total deposits
Borrowings from F. R. bank
13,000.00
Borrowings from other banks
450.04
All other liabilities
Total liabilities
7. Ilas this bank been reopened?
229,933.76
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Secured claims. . ..
Drafts & C rtified Checks
General claims
All other
Total payments
Bills—Paya le
Preferred claims...
Payments from
guaranty fund
Per cent of payments
to claims allowed
13,000,40_
6,017.66
laims paid
100%
90%
Total claims.. ..
,
10. Has this bank been finally liquidated? No
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
•
From assessments on shareholders.
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims
Total claims
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
No
If so, state what industry or type of agriculture
•
What was the approximate date of the beginning of the difficulty which ultimately caused the suspenJuly 1, 1926
sion?
12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?
http://fraser.stlouisfed.org/
-kh
Federal Reserve Bank of St. Louis
Yes
If so, give dates and amounts of all assessments
Double Liability Collected
$8450
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
O National bank
Name of State
• Stake bank
53 Trust company
O Stock savings bank
0 Mutual savings bank
Kentucky
0 Private bank
1. Name of bank Hickman Bank & Tr• Co.
2. Date organized
1911
3. Federal reserve district
Town or City
Hickman
Fulton
Date suspended Dec.30, 1929Population of town or city* 4500
8
Member or nonmember of F. R. System Non-M.
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
None
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County
Dec. 30, 1929
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
$
Other
102,267.26
524,886.95
Total loans and discounts
627,154.21
46,621.67
Real estate acquired in satisfaction of debts
Investments
61,917.71
All other resources
Total resources
735,693.59
Capital
50,000.00
Surplus and undivided profits
27,884.97 •
Deposits:
34,651.54
Due to banks**
Demand deposits, including U. S. Govt. deposits
429,432.37
Time deposits, including postal savings
166,430.46
630,514.37
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
25,000.00
All other liabilities
2,294.25
735,693.59
Total liabilities
7. Ilas this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
• ** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
No
8. Has this bank been taken over by another bank?
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to clainis
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
_
Secured claims. . .
Bills Payable
25,000
_100°k_
Preferred claims..
General claims.. ..
No other payments yet
Total claims. ..
10. Has this bank been finally liquidated?
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims
Preferred claims
General claims
Total claims
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
X
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
Cotton Raising
What was the approximate date of the beginning of the difficulty which ultimately caused the suspenJuly 1, 1928
sion?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Not yet
If so, give dates and amounts of all assessments
11110
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
S
Type of bank reported—check
appropriate one of the following
20
O National bank
DF State bank
Name of State
lj] Trust company
O Stock savings bank
fl Mutual savings bank
Kentucky
• Private bank
1. Name of bank litraler State Bank
T
or Cityllimlerville
County Martin
•
2. Date organized
1924
3. Federal reserve district
Date suspended June 14,192B Population of town or city*
4
4. Number of branches operated: In city of parent bank
Member or nonmember of F. R. System_ 14°n—M•
None
Outside city of parent bank**
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
45Q.._
6. Condition figures, as of (date*)
June 14, 1928
Loans and discounts:
On real estate
Other
Total loans and discounts
811027.36
Real estate acquired in satisfaction of debts
Investments
6,559.28
All other resources
113,927.57
Total resources
106,514.21
25,000.00
Capital
Surplus and undivided profits
5,942.26
Deposits:
582.00
Due to banks**
6,134.14
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
68,855.81
Total deposits
75,571.95
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
106,514.21 •
Total liabilities
7. Has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
8. Has this bank been taken over by another bank?
If so give:
No
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?
Yes
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
No payments yet
Secured claims. .. .
it
to
Preferred claims..
ti
11
,
II
11
General claims. ..
_
Total claims..
10. Has this bank been finally liquidated?
No
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims
Total claims
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
Defalcation
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
Coal Igining
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Not yet
If so, give dates and amounts of all assessments
4110
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
O National bank
gj
Name of State
State bank
O Trust company
O Stock savings bank
O Mutual savings bank
Kentucky
O Private bank
1. Name of bankFarmers Deposit Bank
2. Date organized
1893
3. Federal reserve district
Town or City Horse Cave
County
Date suspended
.
Feb 23,192s.
ropulation of town or city*
8
Member or nonmember of F. R. System Non—M.
4. Number of branches operated: In city of parent bank
None
Outside city of parent bank** None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
Hart
None
1500
Feb. 23, 1926
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
3_68,617.75
Real estate acquired in satisfaction of debts
Investments
3,660.27
: "'V
.
7
cir
5,900.00
All other resources
96,800.00
Total resources
474,978.02
Capital
50,000.00
Surplus and undivided profits
15,000.00
410
Deposits:
$
Due to banks**
1,838.54
Demand deposits, including Ti. S. Govt. deposits
191,275.01
Time deposits, including postal savings
216,375.00
$
Total deposits
409,488.55
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
489.47
Total liabilities
7. Has this bank been reopened?
474,978.02
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
•
No
8. Has this bank been taken over by another bank?
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?
Yes
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
_
,
Secured claims. .. .
Claims
Paid al
if
if
100%
n
H
Preferred claims
tr
IS
100%
,
General claims. ..
100%
Total claims.. ..
___.
_____
___
10. Has this bank been finally liquidated?
No
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims. . . .
Preferred claims
General claims
Total claims. ...
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen agricultural or industrial disasters such as floods, •
drouth, boll weevil, etc
X
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
X
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Fr.0.4.411
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
Farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension ?
Jan. 1, 1926
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
None
If so, give dates and amounts of all assessments
•
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
O National bank
Name of State
gl State bank
p
Trust company
O Stock savings bank
r] Mutual savings bank
Kentucky
• Private bank
1. Name of bank Hargis Bank & Trust
2. Date organized
Town or City
Date suspended Feb.
1911
3. Federal reserve district
Co.
4
Jackson
1930population of town or city*
Member or nonmember of F. R. System
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
None
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County Breathitt
No
2,000
Non.
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
639,194.54
Real estate acquired in satisfaction of debts
100,091.00
17/„.6 *
Investments
45,050.00
60,203.73
All other resources
Total resources
844,539.27
75,000.00
Capital
•
Surplus and undivided profits
Deposits:
635.52
Due to banks**
84,6750,9
Demand deposits, including U. S. Govt. deposits
474,258.4_9
Time deposits, including postal savings
560,269.20
Total deposits
Borrowings from F. R. bank
181,844.00
Borrowings from other banks
27,426.07
All other liabilities
844,539.27
Total liabilities
7. Has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
411
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims. . . .
:
No payments y t
Preferred claims..
,
General claims. ..
Total claims. . ..
10. Has this bank been finally liquidated?
no
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims
Total claims
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
X
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
Defalcation
Heavy withdrawals of deposits
X
•
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Frozen Loans
Other causes, (specify)
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
heal Estate and Coal Lands•
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension ?
Nov. 1, 1928
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Not yet
If so, give dates and amounts of all assessments
•
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
O National.bank
Name of State
O State bank
O Trust company
O Stock savings bank
Kentucky
O 'Mutual savings bank
O Private bank
1. Name of bankFirst btate Bank
2. Date organized
1901
3. Federal reserve district
Date suspended
Town or City Junction uity County
June 12,192 opulation of town or city* 722
8
Member or nonmember of F. R. System Non-M._
4. Number of branches operated: In city of parent bank
None
Outside city of parent bank**
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
Boyle
6. Condition figures, as of (date*)
June 10, 1922
Loans and discounts:
On real estate
Other
Total loans and discounts
96,460.11
Real estate acquired in satisfaction of debts
1,884.00
Icitutarturcot.x...Qver.drafts
2,640.61
All other resources
11,489.71
Total resources
112,574.43
Capital
15,000.00
Surplus and undivided profits
8,390.36
fa
Deposits:
$ 4,557.61
Due to banks**
Demand deposits, including U. S. Govt. deposits
59,626.46
Time deposits, including postal savings
Total deposits
64,184.07
Borrowings from F. R. bank
Borrowings from other banks
25,000.00
All other liabilities
Total liabilities
7. Has this bank been reopened?
112,574.43
•
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?
No
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
_
Secured claims
Preferred claims..
General claims. . ..
Total claims
Yes
10. Has this bank been finally liquidated?
If so give:
June 1, 1928
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims
Dividends paid from
collections
daA.6
)
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
/
Preferred claims...
General claims. .. .
Total claims. . . .
Paid All Clairs
93 3/4%
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
c._ C
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Frqzexl &
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
Farmers
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
Jan 1, 1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
•
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
O National bank
Name of State
O State bank
O Trust company
0 Stock savings bank
0 Mutual savings bank
O Private bank
•
1. Name of bank LaGrange Bank & Trust Co.
2. Date organized
8
Member or nonmember of F. R. System
4. Number of branches operated: In city of parent bank_________Non A
None
Outside city of parent bank**
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County
Oldham
Date suspended May 26,1930 Population of town or city* 1060
1928
3. Federal reserve district
Town or City LaGrange
Non—M.
May 26, 1930
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
$
66,297.25
358,418.07
Other
Total loans and discounts
424,715.32
Real estate acquired in satisfaction of debts
Investments
7,750.00
13,398.01
)/
3
All other resources
475,875.79
Total resources
Capital
30,000.00
Surplus and undivided profits
15,254.71 •
Deposits:
Due to banks**
5,689-33
Demand deposits, including U. S. Govt. deposits
258,149.86
Time deposits, including postal savings
106,630.89
370,470.08
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
60,000.00
151.00
All other liabilities
475,875.79
Total liabilities
7. Has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
411
No
8. Has this bank been taken over by another bank?
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Secured
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
claims
Nothing so f
Preferred claims...
'
General claims. . . .
Total claims. .. .
10. Has this bank been finally liquidated?
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
claims
Preferred claims
General claims
0
Total claims
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment,laxity in collections,
lack of enterprise, etc
X
Defalcation
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
' General Farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
Jan. 1, 1927
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended ?
If so, give dates and amounts of all assessments
Not yet
•
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
0 National bank
Name of State
gl State bank
O Trust company
O Stock savings bank
El
Mutual savings bank
Kentucky
O Private bank
•
1. Name of bank Lebanon Junction Bank
2. Date organized
Date suspended Sept.7 1926 Population of town or city*
1897
3. Federal reserve district
Town or CityLebanon Junctiogounty
8
1425
Non—M.
Member or nonmember of F. R. System_
4. Number of branches operated: In city of parent bank
None
Outside city of parent bank** None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
Bullitt
6. Condition figures, as of (date*)
Sept. 7, 1926
Loans and discounts:
On real estate
Other
Total loans and discounts
$
230,355_.R2_
Real estate acquired in satisfaction of debts
7,813.84
Investments
All other resources
13,378.25
251,547.91
Total resources
15,000.00
Capital
9,675.27
Surplus and undivided profits
•
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
164,977.64
36495.00
$
Total deposits
201,172.64
Borrowings from F. R. bank
Borrowings from other banks
25,700.00
All other liabilities
251,547.91
Total liabilities
7. Has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
•
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Secured claims. ..
Payments from
guaranty fund
Bills Paya le
25,700.00
Per cent of payments
to claims allowed
100%
,
Preferred claims..
General claims. .. .
Total payments
said to da e on Deposits
54%
Total claims. ..
___
10. Has this bank been finally liquidated?
No
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims
Total claims
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
•
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
No
or agriculture?
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
Jar,
•L1 926
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Not Ya+
If so, give dates and amounts of all assessments
•
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
O
O
Cy;hAaS
,
National bank
Name of State
State bank
0 Trust company
O Stock savings bank
O
Mutual savings bank
Kentucky
O Private bank
•
1. Name of bank Grayson County State Bank
2. Date organized_
1911
Town or City Leitchfield
Date suspended Mar.10,1930
County Grayson
Population of town or city*
8
Member or nonmember of F. R. System
3. Federal reserve district
4. Number of branches operated: In city of parent bank
NQne
Outside city of parent bank** None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
No
1077
March 10, 1930
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
368,375.22
Real estate acquired in satisfaction of debts
I 3,19F1.54
367,
Investments
•
9
1,250.00
32,512.90
All other resources
415.334.66
Total resources
Capital
25,000.00
Surplus and undivided profits
2,097.01 •
Deposits:
7,941.71
Due to banks**
Demand deposits, including U. S. Govt. deposits
118,334.80
Time deposits, including postal savings
244,121.82
$
Total deposits
370,398.33
Borrowings from F. R. bank
Borrowings from other banks
17,770.57
All other liabilities
68.75
415,334.66
Total liabilities
7. Has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?
Yes
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Secured claims. . ..
Payments from
guaranty fund
Bills4ay ble
Total payments
17,770-57
Per cent of payments
to claims allowed
100%
Preferred claims...
General claims. . ..
No paymen
yet on other .laims
Total claims. ...
10. Has this bank been finally liquidated?
Jo.
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims
Total claims
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture
General Farmin
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension ?
Jan. 1, 1925
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
NM Yet
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
O National bank
O
Name of State
State bank
O Trust company
O Stock savings bank
O
Mutual savings bank
K.eritvPisy
O Private bank
1. Name of bank
2. Date organized
Lothai r State Bank
1923
3. Federal reserve district
Town or City Lothair
Perry
Date suspended Nov.13,1928 Population of town or city* 425
4
Member or nonmember of F. R. System_lione____
4. Number of branches operated: In city of parent bank__
None
Outside city of parent bank**
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County
6. Condition figures, as of (date*)
Nov. 13, 1928
Loans and discounts:
On real estate
Other
Total loans and discounts
$
117,923.95
Real estate acquired in satisfaction of debts
Investments
4,400.00
All other resources
51,167.61
173,491.56
Total resources
Capital
20,000.00
•
Surplus and undivided profits
Deposits:
$
Due to banks**
18,768.32
Demand deposits, including U. S. Govt. deposits
84,882.91
Time deposits, including postal savings
29,416.25
Total deposits
133,067.48
Borrowings from F. R. bank
Borrowings from other banks
20,000.00
All other liabilities
424.0R
173,491.56
Total liabilities
7. Has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?
Yes
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Secured claims. . .. Bills—Paya le
Total payments
20,000
Per cent of payments
to claims allowed
100%
Preferred claims
General claims. . .. All Other tlaims to date
30%
Total claims. . ..
10. Has this bank been finally liquidated?
No
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
•
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims.
Total claims
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
No
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension ?
July 1, 1926
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Jot Yet
If so, give dates and amounts of all assessments
•
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
0 National bank
State bank
0 Trust company
0 Stock savings bank
Ip- Mutual savings bank
0 Private bank
1. Name of ban
•
2. Date organized
or Cit.
Date suspende
3. Federal reserve district
Population of town or city* 3
.
Member or nonmember of F. R. Syste
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
Count
o.e)
6. Condition figures, as of (date*)
//
Loans and discounts:
On real estate
Other
-,4: 81/
2
•
$
Total loans and discounts
/
0
3/\-C,/
e ‘,
Real estate acquired in satisfaction of debts
f
,
Investments
7'e)3'0 —
All other resources
/Pt n S ,4
9 -/
1
41
Total resources
I
o -
//
Capital
1-/ er), 7
•
Surplus and undivided profits
Deposits:
Due to banks**
$
//
1
3 7,0 44
Demand deposits, including U. S. Govt. deposits
i/S
Time deposits, including postal savings
/770 6..s76
$
Total deposits
1
_301
J4f,
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
Total liabilities
7. Has this bank been reopened?
Date of reopening
If so give:
st-
/
"Ca
-4
0--t--y-6
Name under which reopened-e-e-Ze-AL,
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
If so give:
8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
If so give payments to date:
-)
9. Is this bank still in process of liquidation?
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
Secured claims. ...
Preferred claims. .
General claims. . .
.
Total claims
If so give:
10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims
Total claims. . . .
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses • due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
a
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
National bank
LI State bank
E'Trust company
LI Stock savings bank
[j] Mutual savings bank
El Private bank
1. Name of bankeeez-zc--42--</
2. Date organized
/7
Date suspende
3. Federal reserve district
30
Population of town or city*
Member or nonmember of F. R. Syste
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
5. Was this bank a member of a chain or group? If so give the name of the chain or
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
6. Condition figures, as of (date*)
Loans and discounts:
/
On real estate
3?777,14C
7
-5,',4/p5 /,/2/
2
Other
Total loans and discounts
$ 9_/7
Real estate acquired in satisfaction of debts
47 ,
/F -.14
Investments
/ 2- A'
All other resources
170 /
40
1
Total resources
.5 e7 0 0 tn. c) —
-
Capital
Surplus and undivided profits
Deposits:
7_
Due to banks**
Demand deposits, including U. S. Govt. deposits
Tune deposits, including postal savings
J?"./ .5
Total deposits
$
-77.#
Borrowings from F. R. bank
Borrowings from other banks
3
/
/0 4: . o —
'
/7 6/,73//77-
All other liabilities
Total liabilities
7. Has this bank been reopened? k77--o
Ci4c,(1
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
If so give:
8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
If so give payments to date:
9. Is this bank still in process of liquidation?
Amounts in dollars)
f
Payments from
guaranty fund
Dividends paid from
collections
Claims allowed
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
_....
Secured claims. ..
Preferred claims..
r*
i
0• l '
,
,
I
Total claims. ..
I'
p•
General claims. .
7--10. Has this bank been finally liquidated? 1- e—r
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims.
General claims
Total claims. . .
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify). rO.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture'
If so, state what industry or type of agriculture dec..02—&
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension ?
/
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessmentc
L/V2/1CV/E--
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
ID
National bank
fiState bank
[1] Trust company
1::] Stock savings bank
• Mutual savings bank
[] Private bank
•
2. Date organized
B
fet_City
1. Name of ba
(2 Date suspended
/
7 50 Population of town or city*
Member or nonmember of F. R System 7
7
3. Federal reserve district
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
1
/1 ,
2.3.f
Other
Total loans and discounts
PS 0
f- , 7
70
$
Real estate acquired in satisfaction of debts
17L C- a 7 . ff°
' 7
/
,c —
ca '
Investments
All other resources
Total resources
/0S 6) 00 -
Capital
I,, I
Surplus and undivided profits
f2/.7 741)
.
Deposits:
$
Due to banks**
.57 )---K
o
Demand deposits, including U. S. Govt. deposits
.247,0 4 y s5-74
Tune deposits, including postal savings
Total deposits
..(2
-
$
Borrowings from F. R. bank
/ —c)
/ 3
Borrowings from other banks
All other liabilities
Total liabilities
7. Has this bank been reopened?
Date of reopening
Name under which r opened
Loss to depositors on:
/1o
1
If so give:
/-te
-
•
p/-cr, ,
)
fre-.2
Af's(C-
/$—/
40a.-
24,_42/4i7-el€44-ec4Z
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
—
-0
8. Has this bank been taken over by another bank? 1-2-7 --
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
If so give payments to date:
9. Is this bank still in process of liquidation?
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
Secured claims. . ..
Preferred claims.. .
General claims. .
Total claims.
If so give:
10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
4111
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims. .
Preferred claims
General claims. . .
Total claims. .. .
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment,laxity in collections,
lack of enterprise, etc
Defalcation
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
0
12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
•
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
• National bank
14---"State bank
O Trust company
• Stock savings bank
• Mutual savings bank
O Private bank
1. Name of banl
•
C
2. Date organized if
Date suspende
3. Federal reserve district
Population of town or city*
Member or nonmember of F. R. Syste
4. Number of branches operated: In city of parent
Outside city of parent bank**______
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
-
a
6. Condition figures, as of (date*)
Loans and discounts:
fz,z/,
$
On real estate
Other
$ /8 07
Total loans and discounts
•7
70S
/
rl
Real estate acquired in satisfaction of debts
Investments
7-7.5/1
1
4
7L0 S .3
.-
All other resources
33
-
Total resources
o c0 —
/
1J
14
4
'2. 4 0,‘
Capital
Surplus and undivided profits
Deposits:
$
Due to banks**
/7 S 11, .
, 7 C
Demand deposits, including U. S. Govt. deposits
4.(7,,1 g. 07
Tune deposits, including postal savings
‘ 38_
,8
Total deposits
$ /.77‘,
°0/ 4.(
4
Borrowings from F. R. bank
Borrowings from other banks
//3027
All other liabilities. .
/ >.-ffP 0 /
Total liabilities
7. Has this bank been reopened?
92.1.--c!
Date of reopening /
ty
If so give:
2 -17 Jo
Name under which reopened
Loss to depositors on:
Antount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
•
8. Has this bank been taken over by another bank
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
2'2--i9
9. Is this bank still in process of liquidation? "---
If so give payments to date:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
Secured claims. . ..
Preferred claims
General claims
Total claims. .. .
If so give:
10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims. .. .
Preferred claims
General claims. .
Total claims. .. .
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in -real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment,laxity in collections,
lack of enterprise, etc
Defalcation
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture'
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended? ‘22—G1?.e7
If so, give dates and amounts of all assessmentq
•
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
O
National bank
12ttate bank
Li Trust company
O Stock savings bank
O
Mutual savings bank
O Private bank
1. Name of bank
•
2. Date organized
-Ttevfi or City
.
/7
3. Federal reserve district
Date suspended
f
-Population of town or city* 2 .2
lember or nonmember of F. R. Syste
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
.County
4/4v tr
,
6. Condition figures, as of (date*)
////
50
Loans and discounts:
On real estate
Other
Total loans and discounts
$ fg
Real estate acquired in satisfaction of debts
Investments
S'36c:'8C
All other resources
Total resources
370,
Capital
/7t
CL) CD
—
.34 Os7 C7
Surplus and undivided profits
a
Deposits:
$
Due to banks**
Demand deposits, including U. S. Govt. deposits
Tune deposits, including postal savings
s.
z
2--0 /
3,57 26 s4 lo
;
1.5
4
qv, 0 / -7 73
Total deposits
$
4.347174
/
Borrowings from F. R. bank
7t
Borrowings from other banks
37 1,r7C..3
All other liabilities
Total liabilities
7. Has this bank been reopened? I'Vl()
-_--J2'3
70 0.•
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
2<
8. Has this bank been taken over by another bank?
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
'If so give payments to date:
9. Is this bank still in process of liquidation?
mounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
Secured claims. . ..
Preferred claims...
General claims. ...
Total claims. ...
10. Has this bank been finally liquidated?
—77-0
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims
Preferred claims
General claims
Total claims. .. .
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
I,
Heavy withdrawals of deposits
a
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failureof large debtor (Name)
of
-7-2.,„..e -&-/c ,/-1
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
""-______
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
/7'c
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
---7.----z—e.---r--.----c--.•
•
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
9
0 National bank
C)
Name of State
Ej State bank
O Trust company
O Stock savings bank
El
Mutual savings bank
Kentucky
O Private bank
•
1. Name of bank Bank of Lovelaceville
Arr
Date suspended . , 1928
2. Date organized 1910
3. Federal reserve district
Town or City Lovelaceville County
8
Population of town or city* 246
Member or nonmember of F R System Non-M.
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
None
None
5. \Vas this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
Ballard
6. Condition figures, as of (date*)
April 18, 1928
Loans and discounts:
On real estate
Other
Total loans and discounts
55,516.84
Real estate acquired in satisfaction of debts
11,500.00
Investments
3,845.03
All other resources
5,911.00
76,772.87
Total resources
15,000.00
Capital
Surplus and undivided profits
4,259.39
Deposits:
$
Due to banks**
2,000.00
Demand deposits, including U. S. Govt. deposits
29,119.02
Time deposits, including postal savings
12,675.81
43,794.83
Total deposits
Borrowings from F. R. bank
13,718.65
Borrowings from other banks
All other liabilities
76,772.87 •
Total liabilities
7. Has this bank been reopened?
No.
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount o loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?
Yes
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Secured claims. . .
B e
:: s
Payments from
guaranty fund
•i.D.s Payable
Total payments
15,718.65
Per cent of payments
to claims allowed
100%
Preferred claims..
General claims. . .
ti.11 DepQiors Paid so far
90%
Total claims. ..
--
No. If so give:
10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims
Preferred claims...
General claims. .. .
Total claims. . ..
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
X
Insufficient diversification
X
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
•
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Frozen Loans
Other causes, (specify)
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
Farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
Dc. 1
192
12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?
Yes
If so, give dates and amounts of all assessments
Double Liability Collected $9,000
•
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
ID
National bank
[12----State bank
E] Trust company
El Stock savings bank
[1] Mutual savings bank
LI Private bank
own or City..LeP_ZsDunty
•
2. Date organized
/r
Date suspended
// v. 3
/
Population of town or city* C7d:
7
Member or nonmember of F. R. Syste
3. Federal reserve district
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
4 -c---6
-7
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
‘/,
,9 iesc
Other
Total loans and discounts
$
‘c
,
Real estate acquired in satisfaction of debts
S
-?7,
Investments
/ y_
7
All other resources
//
,7
ye g, S
Total resources
-Co crc) c:3 (.) —
Capital
'if 2- L 6 47•
-
Surplus and undivided profits
Deposits:
$
Due to banks**
f
, /.
r3
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
L741L71
/.
3
e
f
7.3
V/
f
;
Total deposits
itJ2 35"
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
Total liabilities
(
7. Has this bank been reopened? IVZ--- 3'
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
-8. Has this bank been taken over by another bank? `2-0
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
If so give payments to date:
9. Is this bank still in process of liquidation?
(Amounts in dollars)
•
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
Secured claims. . ..
Preferred claims..
General claims. ..
I
,
r
"
Aldr
i
j
ir
Total claims. ...
-1
'
3-1 :5
'
10. Has this bank been finally liquidated?
Date liquidation was completed
If so give:
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims
Preferred claims
General claims
Total claims
..
.
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)7Cev-----&
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture
/7
fre
-
What was the approximate date of the beginning of the difficulty- which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
O National bank
O State bank
1:41 Trust company
O Stock savings bank
O
Mutual savings bank
O Private bank
.
1. Name of bank Equitable Trust Co
2. Date organized
1920
3. Federal reserve district
Town or City Mays vi 13e
Date suspended Feb. 26,1927 Population of town or city* 7,0QQ_
4
Member or nonmember of F. R. System__ Non-M.
4. Number of branches operated: In city of parent bank_
Outside city of parent bank**
None
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
Coupty_mag.on__
aine 30, 1928
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
Real estate acquired in satisfaction of debts
Investments
18,556.86
6.57
All other resources
15,882.89
34,439.75
Total resources
Capital
15,000.00
Surplus and undivided profits
10,717.18
411
Deposits:
$
Due to banks**
8,722.57
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
8,722.57
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
34,439.75 •
Total liabilities
7. has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Secured claims. . . .
No i.; ,,,i = I
U
Is
Total payments
Per cent of payments
to claims allowed
-t
_
li
is
11
Preferred claims.. .
II 4. • 4
11
Payments from
guaranty fund
II
General claims.
_
Total claims..
10. Has this bank been finally liquidated?
No
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims
Total claims
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
•
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
No
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspenJune 1, 1926
sion?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Yes
If so, give dates and amounts of all assessments
Double Liability Collected 44800
•
-,
Xie-1^-,-C-frf."1:44
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
O National bank
Name of State
0 State bank
O Trust company
O Stock savings bank
O Mutual savings bank
Kentucky
O Private bank
•
1. Name of bank Farmers & Trader_s Bank
2. Date organized
1906
3. Federal reserve district
Date suspended
Town or City
lila
qvil 1 e
Mason
Feb•26.1.1.221.Population of town or city* 7000
4
Member or nonmember of F. R. Systern___ Non-M.
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
None
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County
No
6. Condition figures, as of (date*) Feb. 27_, 1927
Loans and discounts:
On real estate
Other
Total loans and discounts
$
Real estate acquired in satisfaction of debts
5,472.21
6
Investments
616,988.89
41,432.20
All other resources
83,302.25
Total resources
747,195.55
Capital
51,000.00
Surplus and undivided profits
20,000.00
•
Deposits:
18,999.73
Due to banks**
Demand deposits, including U. S. Govt. deposits
327.009.88
Time deposits, including postal savings
162.131.45
Total deposits
$
508,141.06
Borrowings from F. R. bank
140,978.60
Borrowings from other banks
All other liabilities
27,075.89
Total liabilities
7. Has this bank been reopened?
747,195.55
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
•
S. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
_
Secured claims. .. . Re—Dis &Bills Payable
Preferred claims..
General claims. . .
Total claims. . ..
140,978.60
Due Bank
18,999.73
•
All other Claims Paid
10. Has this bank been finally liquidated?
100%
65% —
—
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims. . ..
Total claims. .. .
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed ,
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
•
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Yes
If so, give dates and amounts of all assessments
Double Liability Collected 433,900.00
•
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
lIJ National bank
P---Slate bank
1=1 Trust company
LI Stock savings bank
Mutual savings bank
Private bank
Co
1. Name of banl•
2. Date or
0
Date suspended
Town or Cit
/
Population of town or city* /
:\!ember or nonmember of F. R. Syste
3. Federal reserve district
4. Number of branches operated: In city of parent
Outside city of parent
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
c
l2
---
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
4-714.-t
Z.47z74 39
4
Total loans and discounts
Real estate acquired in satisfaction of debts
Investments
/ oo
/757
All other resources
Total resources
761,777-97
Capital
*o6 0
.--
—
CO
37 y 7,7
Surplus and undivided profits
Deposits:
$
Due to banks**
Demand deposits, including U. S. Govt. deposits
Tune deposits, including postal savings
t5,
Li e.7/
ot t 2._
to
4,
7
v37
$
Total deposits
Borrowings from F. R. bank
77/074t,ff‘
Borrowings from other banks
All other liabilities
0
Total liabilities
; 7
-7 •
ku,
7. Has this bank been reopened? v-
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
--8. Has this bank been taken over by another bank? e Y1.--<7
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?
f so give payments to date:
mounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
_
Secured claims. ..
,i
1
Preferred claims
1
General claims.. . i f '
Total claims...
Vi
b
10. Has this bank been finally liquidated? `
Date liquidation was completed
If so give:
Collections:
From liquidation of assets
•
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims.. .
General claims
Total claims. .. .
Dividends paid from
collections
Payments from
guaranty fund
•••
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
P
.-----.
Other causes, (specify).
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
?z-0
or agriculture
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
s P1
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
O
National bank
Name of State
gi State bank
O Trust company
O Stock savings bank
O
Kentucky
Mutual savings bank
O Private bank
1. Name of bank The Milford Bank
•
2. Date organized
Town or City Milford
Auz.16,1927
19
03-Date suspended
3. Federal reserve district
4
Population of town or city*
500
Member or nonmember of F. R. System /70 te
i
4. Number of branches operated: In city of parent bank
None
Outside city of parent bank**
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County Bracken
6. Condition figures, as of (date*)
Aug. 16, 1927
Loans and discounts:
On real estate
Other
Total loans and discounts
147,147.41
kotlaztacbecaufairectirixactisfmtiariczkilebtx. Sh.ortage .of..0as hier
63,274.32
Investments
13,000.00
All other resources
18,137.45
241,559.18
Total resources
Capital
15,000.00
Surplus and undivided profits
20,951.44 •
Deposits:
560.14
Due to banks**
65,939.14
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
129,358.46
195,857.74
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
5,000.00
All other liabilities
4,750.00
241,559.18
Total liabilities
7. Ilas this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?
No
If so give payments to date:
(Amounts in dollars)
•
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims. . ..
6
Preferred claims...
General claims. . ..
Total claims. ...
Yes
If so give:
Date liquidation was completed June 29, 1930
10. Has this bank been finally liquidated?
Collections:
From liquidation of assets
•
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims.
Preferred claims
General claims
Total claims
Paid all claims in full
100%
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
of Cashier
X
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
No
or agriculture?
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspenAug. 1, 1927
sion?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Yes
If so, give dates and amounts of all assessments
$11,825.00 uollected from Stockholders
411
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
supervisory authorities or by the bank's board of directors on account of financial difficulties. This
by
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
)
'4
LI National bank
D State bank
Name of State
1:1 Trust company
o
Stock savings bank
O Mutual savings bank
O Private bank
•
Kentucky
Town or City Morehead
1. Name of bankMorehead State Bank
2. Date organized
1909
3. Federal reserve district
Date suspended
Rowan
Ally 26, 1928. .
Population of town or city*
2000'
Member or nonmember of F. R. System_
Non—M.
4
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
None
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County
No
6. Condition figures, as of (date*)
July 25, 1928
Loans and discounts:
On real estate
Other
Total loans and discounts
$
P.81,006.04
15,706.79
Real estate acquired in satisfaction of debts
Investments
All other resources
Total resources
361,347.22
Capital
15,000.00
Surplus and undivided profits
28,407.76
•
Deposits:
18,916.50
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
276,754.66
5,638.39
$
Total deposits
301,309.55
Borrowings from F. R. bank
Borrowings from other banks
16,50000
129.91
All other liabilities
361,347.22
Total liabilities
7. Ilas this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
•
8. Has this bank been taken over by another bank?
If so give:
Citizens Bank, Morehead, Ky.
Name of bank by which taken over
Date taken over
Yes
Sept. 25, 1928
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
None
Secured claims
it
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
_
Secured claims. .. .
Preferred claims...
General claims. . .
,
Total claims
---
If so give:
10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims. ...
Preferred claims
General claims
Total claims
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
X
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
Defalcation
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)..0verlo ailed. to .officera
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
No
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
july 1, 1928
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
No
If so, give dates and amounts of all assessments
•
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
O National bank
Di State bank
Name of State
0 Trust company
O Stock savings bank
O
Mutual savings bank
Kentucky
O Private bank
Town or City Morgantown
1.'Name of bank John M. Carson Ranking Co.
2. Date organized
1903
3. Federal reserve district
Date suspended
Apr.24,1928
8
Population of town or city*
Butler
800
Member or nonmember of F. R. System Noll—M•
4. Number of brandies operated: In city of parent bank
Outside city of parent bank**
None
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County
April 25, 1928
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
196,024.98
Real estate acquired in satisfaction of debts
6,743.80
Investments
All other resources
Total resources
210,570._58_.
30,000.00
Capital
Surplus and undivided profits
7,833.23
Deposits:
Due to banks**
382.54
Demand deposits, including U. S. Govt. deposits
158,679.25
Time deposits, including postal savings
159,061.79
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
13,300.00
All other liabilities
375.56
210,570.58
Total liabilities
7. Has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Anzount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
.
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims. .. .
Preferred claims...
General claims. ...
Total claims....
2
.
,
-
10. Has this bank been finally liquidated?
Date liquidation was completed
,
2J/ ;'
--c
'
If so give:
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Secured claims. . .
Preferred claims..
General claims. . ..
Total claims. . ..
d Depoec /
1 ors
..-----
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
Defalcation
Heavy withdrawals of deposits
X
•
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
Farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspenJuly 1, 1927
sion?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Yes
If so, give dates and amounts of all assessments
Double LiAbility Collected $17,2-46.46
•
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
O
c7
,
National bank
Name of State
P3 State bank
O Trust company
O Stock savings bank
El
Mutual savings bank
Kentucky
O Private bank
1. Name of bank The Peoples Bank
•
2. Date organized
3. Federal reserve district
1908
Town or City
Date suspended A•Pr .2211930
4
Vernon
Population of town or city* 1500
.N'ember or nonmember of F. R. Systeni
4. Number of branches operated: In city of parent bank
None
Outside city of parent bank**
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
Countyeastle
No
Non.-11,_
6. Condition figures, as of (date*)
April 22, 1930
Loans and discounts:
On real estate
Other
Total loans and discounts
296,205._57
Real estate acquired in satisfaction of debts
778.00
Investments
57,895.36
All other resources
17,029.27
371,908.20
Total resources
Capital.
20,000.00
Surplus and undivided profits
32,533.48•
Deposits:
S19..10
Due to banks**
Demand deposits, including U. S. Govt. deposits
116,988.15
Time deposits, including postal savings
143,867.47
261,364.62
Total deposits
Borrowings from F. R. bank
58,000.00
Borrowings from other banks
All other liabilities
Total liabilities
7. Ilas this bank been reopened?
371,908.2a
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
III
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims. . . .
Preferred claims...
P id nothing so far
,.
General claims. . ..
_
. ,
Total claims. . ..
—
—
If so give:
10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims
Preferred claims
General claims. .. .
Total claims. . ..
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
X
Heavy withdrawals of deposits
•
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
No
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
July 1, 1929
12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
None yet
•
SEP 11 ,1';0
1
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
O
National bank
Name of State
• State bank
O Trust company
O Stock savings bank
O
Kentucky
Mutual savings bank
O Private bank
1. Name of bank The Moscow Bank
Town or City Moscow
County
Hickman
•
2. Date organized
3. Federal reserve district
1904
Date suspended Aug.5,1921
Population of town or city*
Member or nonmember of F R. System Non M
4. Number of branches operated: In city of parent bank_
None
Outside city of parent bank**
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
100
Aug. 30, 1921
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
65,828.84
Real estate acquired in satisfaction of debts
7i
Investments
550.00
8,197.53
All other resources
Total resources
Capital
64,576.37
err1P .00
(0.5,000.00)
Surplus and undivided profits....LOP.s..T.JOS.s.e4. Mel:r
0
441111110,66"
Deposits:
Due to banks**
792.1fi
Demand deposits, including U. S. Govt. deposits
33,496.79
Time deposits, including postal savings
13,185.4Q
47,474.35
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
12,000.00
2,009.46
All other liabilities
Total liabilities
7. has this bank been reopened?
64,576.37
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
111
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
No
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims. ...
Preferred claims.. .
General claims. .. .
Total claims. . ..
10. Has this bank been finally liquidated?
Date liquidation was completed
Yes
If so give:
May 21, 1924
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
.00nd of uashier
10,000.00
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
claims
Preferred claims
General claims
Total claims
Paid All Claims with Interest
100%
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
of uashier
X
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
No
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
Jan 1, 1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
No
If so, give dates and amounts of all assessments
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
O
Type of bank reported—check
appropriate one of the following
O
National bank
Name of State
0 Stake bank
Ex Trust company
O Stock savings bank
O
Mutual savings bank
Kentucky
O Private bank
Paducah
1. Name of bank Ohio Valley Bank & Trust Co. Town or City
County
McCracken
•
2. Date organized
3. Federal reserve district
1915
Date suspended Nov.5, 1923
8
Population of town or city* 28,000
Nlember or nonmember of F. R. System_ Non-M•
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
None
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
Nov. 5, 1923
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
299,108.73
23,414.63
Real estate acquired in satisfaction of debts
Investments
5,430.61
1/
/
All other resources
345,780.22
Total resources
Capital
80,000.00
Surplus and undivided profits
23,864.54
410
Deposits:
6,588.56
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
Turst Deposits
Total deposits
125,605.49
82,059.52
12,162.11
226,415.68
Borrowings from F. R. bank
15,500.00
Borrowings from other banks
All other liabilities
345,789.22 •
Total liabilities
7. Has this bank been reopened?
No.
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
•
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
No
8. Has this bank been taken over by another bank?
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Payments from
guaranty fund
Dividends paid from
collections
Claims allowed
Total payments
Per cent of payments
to claims allowed
_
Secured claims. .. . Bills Paya is
Trust Dept
General claims.
_NO%
12,162.11
Preferred claims
15,500.00
100%
Paid to Date
56%
Total claims.
---
10. Has this bank been finally liquidated? No
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid,etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims.. .
General claims
Total claims
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
Defalcation
X
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
•
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspenNov. 1, 1922
sion?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Yes
If so, give dates and amounts of all assessments
Double Liability Collected
$8890.00
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
0 National bank
Name of State
DI State bank
0 Trust company
O Stock savings bank
O
Mutual savings bank
40.ntuoky:
O Private bank
1. Name of bank Peoples Dank & Trust uo.
•
2. Date organized 1910
3. Federal reserve district
Date suspended
Town or City Perryville
/61 2-2Oct.3,192 Population of town or city*
8
4. Number of branches operated: In city of parent bank
Boyle
631
Member or nonmember of F R. System Non-h--
None
Outside city of parent bank**
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County
6. Condition figures, as of (date*)
Oct. 3, 1922
Loans and discounts:
On real estate
Other
Total loans and discounts
416,000.31
Real estate acquired in satisfaction of debts
Investments
35,291.42
All other resources
Total resources
451,291.73
Capital
40,000.00
Surplus and undivided profits
22,803.17
Deposits:
257.94
Due to banks**
$
Demand deposits, including U. S. Govt. deposits
149,692.20
Time deposits, including postal savings
128,538.42
278,488.56
Total deposits
Borrowings from F. R. bank
110,000.00
Borrowings from other banks
All other liabilities
451,291.73 •
Total liabilities
7. Ilas this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
S. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
no
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
_
Secured claims. . ..
Preferred claims..
General claims. .
Total claims. .
If so give:
10. Has this bank been finally liquidated? Yes
Date liquidation was completed June 30, 1929
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
•
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims. . ..
Preferred claims
General claims
Total claims
Paid 4Apositors
70%
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
X
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
pf .v4ghier
X
Heavy withdrawals of deposits
•
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
No
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
•
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by.supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a'schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
O National bank
Name of State
al State bank
0 Trust company
O Stock savings bank
O
Mutual savings bank
Kentucky
O Private bank
Atari or City
1. Name of bank First State Bank of Elkhorn c
2. Date organized
1912
3. Federal reserve district
Praise
Pike
Date suspended July 7, 1925 Population of town or city* 1,000
4
4. Number of branches operated: In city of parent bank
Member or nonmember of F R. System_
None
Outside city of parent bank**
Nona
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County
None
Non-M.
6. Condition figures, as of (date*)
July 1, 1925
Loans and discounts:
On real estate
Other
Total loans and discounts
92,067.9Q_
Real estate acquired in satisfaction of debts
Investments
50.00
)/
19,780.39
All other resources
Total resources
111,898.29
Capital
25,000.00
Surplus and undivided profits
12,020.51 •
Deposits:
1,077.54
Due to banks**
Demand deposits, including U. S. Govt. deposits
41,865.29
Time deposits, including postal savings
24,396.45
67,339.28
Total deposits
Borrowings from F. R. bank
7,300.00
Borrowings from other banks
All other liabilities
238.50
Total liabilities
7. Has this bank been reopened?
-A29_,_ •
3.21,191i
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition itemS should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes If so give payments to date:
9. Is this bank still in process of liquidation?
(Amounts in dollars)
Payments from
guaranty fund
Dividends paid from
collections
Claims allowed
Total payments
Per cent of payments
to claims allowed
....._
Secured claims. . . . Bills Paya le
Due Banks
General claims. . .
100%
1,077.54
Preferred claims..
7_000.00
1004%
Paid on Deposits
56%
Total claims. .. .
10. Has this bank been finally liquidated)
No
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims
Total claims
Dividends paid from
collections
Payments from
'guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
.
drouth, boll weevil, etc
X
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
Defalcation
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
Jan. 1, 1925
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Not yet
If so, give dates and amounts of all assessments
•
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
O National bank
Name of State
g State bank
O Trust company
E]
Stock savings bank
O
Mutual savings bank
Kentucky
O Private bank
1. Name of bank Rock,ort Depos it Bank
2. Date organized
1904
3. Federal reserve district
Town or City ,,ocOrt
Date suspended June 11,1926 Population of town or city* 650
8
Member or nonmember of F. R. System Non-id.
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
None
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County Ohio
June 11, 1926
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
$
51,167.30
Real estate acquired in satisfaction of debts
/
Investments
21 147.92
All other resources
72,315.22
Total resources
15,000.00
Capital
6,828.43
Surplus and undivided profits
•
Deposits:
204.93
Due to banks**
Demand deposits, including U. S. Govt. deposits
29,427.45
Time deposits, including postal savings. . . .
20,854.41
50,486.79
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
72,415.22 •
Total liabilities
7. Has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims. . .
Preferred claims...
General claims. . ..
Total claims. ...
—
10. Has this bank been finally liquidated?
Date liquidation was completed
Yes
If so give:
June 30, 1929
Collections:
1111
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims
Preferred claims
.
General claims
Total claims
Paid all ula.im.s in full
100%
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
X
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
Defalcation
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Frozen Loans
Other causes, (specify)
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
Coal Mining
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
.Tan 1
1926
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
110
SEP
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
0 National bank
Name of State
21 State bank
O Trust company
O Stock savings bank
O
Mutual savings bank
Kentucky
O Private bank
1. Name of bankBank of Russellville
2. Date organized 1873
3. Federal reserve district
Town or CityitUaaelisilie_County
Date suspendedJune 12,1930 Population of town or city* 3124
8
4. Number of branches operated: In city of parent bank
Iember or nonmember of F. R System
None
Outside city of parent bank** None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
Logan
Non—M.
6. Condition figures, as of (date*)
June 12, 1930
Loans and discounts:
On real estate
15,837.39
Other
227,595.50
Total loans and discounts
$
242,832.89
750.00
Real estate acquired in satisfaction of debts
5
-
Investments
21,582.7 7
;
All other resources
Total resources
265,165.66
Capital
25,000.00
Surplus and undivided profits
18,612.46
Deposits:
Due to banks**
187.87
Demand deposits, including U. S. Govt. deposits
191,465.57
Time deposits, including postal savings
$
Total deposits
191,653.44
Borrowings from F. R. bank
Borrowings from other banks
29,857.38
All other liabilities
42.38
265,165.66
Total liabilities
7. Has this bank been reopened?
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
410
No
8. Has this bank been taken over by another bank?
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Secured claims. . . .
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
_
Preferred claims..
General claims. .
No payment to
Total claims.. ..
10. Has this bank been finally liquidated?
No
te.
_
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims
Total claims
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
General Farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
July 1, 1928
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Not yet
If so, give dates and amounts of all assessments
SEP 10 1P20
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
El National bank
Name of State
DI State bank
0 Trust company
0 Stock savings bank
0 Mutual savings bank
Kentucky
El Private bank
1. Name of bank
2. Date organized
Farmers Bank
1904
3. Federal reserve district
Town or City Salvisa'
/
Date suspended Oot•7,1921
8
Population of town or city* 300
Member or nonmember of F R System
4. Number of branches operated: In city of parent bank
None
Outside city of parent bank**
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County Mercer
Non-lvi
Oct. 6, 1921
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
109,068.03
Real estate acquired in satisfaction of debts
Investments
5,091.62
All other resources
114,159,65
Total resources
114,159.65
Capital
15,000.00
6,585.97•
Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
51,673.68
Time deposits, including postal savings
20,900.00
Total deposits
72,573.68
Borrowings from F. R. bank
20,000.00
Borrowings from other banks
All other liabilities
114,159.65
Total liabilities
7. has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
ID
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation? no
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Secured claims. ...
Total payments
Per cent of payments
to claims allowed
_
Preferred claims.. .
General claims
Total claims.
10. Has this bank been finally liquidated?
Date liquidation was completed
If so give:
Yes
Dec.. 7, 1926
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
Dividends paid from
collections •
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
claims
Preferred claims
General claims
Total claims
Paid All ulaims
87%
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
Defalcation
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
No
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
SEP 1" "n
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
O
National bank
Name of State
El State bank
O Trust company
O Stock savings bank
O
Mutual savings bank
Kentucky
O Private bank
1. Name of bank Sandy Hook
2. Date organized
Town or City Sandy Hook
1904
3. Federal reserve district
Date suspended Dec. 5,1925 Population of town or city* 200
4
4. Number of branches operated: In city of parent bank
Member or nonmember of F. R System
Nene
Outside city of parent bank** None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County Elliott
Non—M
6. Condition figures, as of (date*)
Dec. 7, 1925
Loans and discounts:
On real estate
Other
Total loans and discounts
138,883.68
Real estate acquired in satisfaction of debts
2,699.8_5_
Investments
18,509.30
All other resources
Total resources
1A0,092.83
15,000.00
Capital
8,132.52
Surplus and undivided profits
Deposits:
$
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
8,752.85
74,965.97
9,900.00
93,618.82
Total deposits
Borrowings from F. R. bank
37,100.00
Borrowings from other banks
6,241.49
All other liabilities
Total liabilities
7. has this bank been reopened?
160,092.83
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
.1mount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
No
9. 'Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims. ...
Preferred claims...
.
General claims.. .
Total claims. . . .
,.
10. Has this bank been finally liquidated?
Date liquidation was completed
Yes
If so give:
May 14, 1927
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims . . ..
Preferred claims
.
General claims. . . .
Total claims. . ..
Paid
/tn. Cla.ints in cull
100%
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc. lack .of..energy
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
No
or agriculture?
If so, state what industry or type of agriculture
July. 1
1925
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
otookholders made good all Deposits.
4111
s p
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
1r n
1
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
48
• National bank
Name of State
ill State bank
Trust company
O Stock savings bank
EJ
Mutual savings bank
. Kentucky
O Private bank
1. Name of bank Peoples Bank & .1.rust uo.
2. Date organized
1905
Date suspended
Town or City Shelbyville
Jan..25,1927
4. Number of branches operated: In city of parent bank
None
Outside city of parent bank**
ohelby
Population of town or city* 1-t• 000
Member or nonmember of F. R System
3. Federal reserve district
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County
Non—M.
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
$
Total loans and discounts
Real estate acquired in satisfaction of debts
Investments
All other resources
Total resources
Capital
Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
Total deposits
419,356.03
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
Total liabilities
7. Has this bank been reopened?
•
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cenfrof loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
S. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Per cent of loss
to claims
Amount of loss
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
•
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims
ki)-j)--ct_i
Preferred claims...
General claims
/
...;
1
kLAA"-AN- A-Adv'-'",
I
•, /
)
0
Total claims
10. Has this bank been finally liquidated?
No
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
51j937.93
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims
Preferred claims
General claims. . ..
Total claims. . ..
.P°sitors Paid in Full
100%
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
X
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Yes
If so, give dates and amounts of all assessments
•
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
El
National bank
Ef-- - ate bank
i
O Trust company
O Stock savings bank
O
Mutual savings bank
O Private bank
/
1. Name of bank,gc-cl
2. Date organized
/7&g
_ACOE.
Town or City
Date suspende
3. Federal reserve district
Population of town or city*
Member or nonmember of F. R. Syste
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
9-/
6. Condition figures, as of (date*)
//7
/
Loans and discounts:
On real estate
Other
Total loans and discounts
40 771,3
7
$
Real estate acquired in satisfaction of debts
`,° 7 y,7
11(-C-'
5oy C/(47
Investments
3
o
All other resources
—Co 4,
Total resources
3o
Capital
/,
-IV
ct) o -
•
Surplus and undivided profits
3 7 7° 3.4e/
Deposits:
$
Due to banks**
Demand deposits, including U. S. Govt. deposits
/
47
4K
/
o
7‘c3 -c7
Tune deposits, including postal savings
Total deposits
Borrowings from F. R. bank
/
Borrowings from other banks
o oo —
All other liabilities
‘,
Total liabilities
7. 1Ias this bank been reopened?
Date of reopening
If so give:
.0 ---e,c/ .1,3-- /7
6-
Name under which reopened aect—c-r--k
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
•
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
If so give:
8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
"
-2 - 0 If so give
' payments to date:
9. Is this bank still in process of liquidation?
(Amounts in dollars)
Claims allowed
Secured
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
claims
Preferred claims...
General claims
Total claims
If so give:
10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims. . . .
Total claims. . . .
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)7.6R-r-Ce
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
/90
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
•
SEP 10 1C2.0
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
410
Type of bank reported—check
appropriate one of the following
O
National bank
Name of State
pg State bank
o
Trust company
O Stock savings bank
O Mutual savings bank
o
Kentucky
Private bank
1. Name of bank The uitizens Dank
2. Date organized
1893
3. Federal reserve district
Town or cityStamping GroundCounty
Date suspended uuly 5,1924 Population of town or city*
4
4. Number of branches operated: In city of parent bank
225
Member or nonmember of F. R. System Non—M.
None
Outside city of parent bank"
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
cott
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
Real estate acquired in satisfaction of debts
Investments
All other resources
1-1 7 ((
'
,—S70
Total resources
000.00
20
Capital
Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
19j0&44
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
cl
All other liabilities
I
-,07c) •
Total liabilities
7. has this bank been reopened?
3
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Per cent of loss
to claims
Amount of loss
Secured claims
Preferred claims
General claims
Total
No
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
_
Secured claims. .. .
Preferred claims.. .
General claims. ...
Total claims. . ..
-
—
Yes
If so give:
10. Has this bank been finally liquidated?
uune 30, 1926
Date liquidation was completed
4110
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims
Al
Dividends paid from
collections
Payments from
guaranty fund
Depositors Palk in
il.
l
Total payments
4
:
4'.
Per cent of payments
to claims allowed
100%
Preferred claims...
General claims
Total claims
Paid Stockholders
26%
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
•
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name) ,
.
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
No
If so, state what industry or type of agriculture
•
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
LI National bank
ITE .
(ta,te bank
Trust company
11 Stock savings bank
LI Mutual savings bank
1:1 Private bank
,
1. Name of bankeer---e--4.
•
2. Date organized
/df7
-e--02-1Town or City
Date suspended /
3. Federal reserve district
Population of town or city*
Member or nonmember of F. R. Syste
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
$
Total loans and discounts
Real estate
a' 7
z
acquired in satisfaction of debts
7/
Investments
S-.
d7
7, ° —
77
fe2
All other resources
1/ 73
I
Ag
Total resources
a:,C —
Capital
/
/. 1 2 3.5
77
Surplus and undivided profits
Deposits:
Due to banks**
Z6
7
Demand deposits, including U. S. Govt. deposits
/77 Y73
Time deposits, including postal savings
Total deposits
J).
7-y
$
Borrowings from F. R. bank
2o '74
Borrowings from other banks
e
All other liabilities
Total liabilities
7. has this bank been reopened?
13,72
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
/
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
c/1
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
111
If so give:
8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
If so give payments to date:
9. Is this bank still in process of liquidation?
(Amounts in dollars)
•
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
Secured claims. . ..
Preferred claims...
General claims. . .
,
Total claims. ...
If so give:
10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims..
General
General claims. . .
Total claims
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment,laxity in collections,
lack of enterprise, etc
Defalcation
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify).
.. / .9: cfer.f.Z
4 7 A
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
ne,
S
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
O
40
National bank
Name of State
[ZI State bank
O Trust company
O Stock savings bank
O
Mutual savings bank
4eAtucky
O Private bank
•
1. Name of bank
2. Date organized
Deposit Bank
1887
3. Federal reserve district
Town or City
Date suspended Oct.2411924
8
Sulphur
Population of town or city*
Member or nonmember of F. R. System
4. Number of branches operated: In city of parent bank_N one
Outside city of parent bank**
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
520
6. Condition figures, as of (date*)
Oct. 24, 1924
Loans and discounts:
On real estate
Other
Total loans and discounts
220,897.34
3,375.00
Real estate acquired in satisfaction of debts
huntatmenta....Surplus Do.fic it.
22')r
7
All other resources
54,296.64
25,088.33
303,657.31
Total resources
Capital
15,000.00
•
Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
100,303.53
Time deposits, including postal savings
167,390.78
267,694.31
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
17,785.84
All other liabilities
3,177.16
303,657.31
•
Total liabilities
7. Has this bank been reopened? No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
8. Has this bank been taken over by another bank? No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Per cent of loss
to claims
Amount of loss
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation? No
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims. ..
Preferred claims..
General claims. . ..
Total claims.
10. Has this bank been finally liquidated? Ye
If so give:
June 28, 1928
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
bond of Cushier
Other collections (explain)
11,399.73
10,000.00
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims
Preferred claims
General claims
Total claims
Paid Depositor
50%
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
pX ws.hiQr
X
X
Heavy withdrawals of deposits
•
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
•
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Yes
If so, give dates and amounts of all assessments
otockholders Assessed 1007 and Paid
.
J..9973
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
O
National bank
Igi----State bank
0 Trust company
O Stock savings bank
0 Mutual savings bank
.
• Private bank
1. Name of ban
•
2. Date organized
own or City
Date suspended
Population of town or city*
'lember or nonmember of F. R. Syste
3. Federal reserve district
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
$ 7,96e1
Total loans and discounts
Real estate acquired in satisfaction of debts
Investments
All other resources
Total resources
cr;, C —
/
Capital
.10
,
Surplus and undivided profits
Deposits:
$
Due to banks**
Demand deposits, including U. S. Govt. deposits
Tune deposits, including postal savings
•
c<0 l/
37 3107
38,0
g,
4,f8'3
4
Yt
$
Total deposits
13
47
Borrowings from F. R. bank
fo 06 -
Borrowings from other banks
All other liabilities
Total liabilities
7. IIas this bank been reopened?
Date of reopening
AX.e..,c
•
- •
1-74
77---347---7
If so give:
/7Jo
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
If so give:
8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
If so give payments to date:
* - --17
9. Is this bank still in process of liquidation? -2 2 (Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
Secured claims...
Preferred claims
General claims
Total claims
10. Has this bank been finally liquidated?
L
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims. .
Preferred claims
General claims
Total claims. . . .
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
I
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name) -,,i,<,1-f igec-,-'&4......et)
a
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
2- 2•10.9
-
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
-1 0
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
•
SFP
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
▪
Name of State
3 State bank
o
46
National bank
Trust company
O Stock savings bank
O Mutual savings bank
Xeri:tug'Acy
O Private bank
•
1. Name of bank Sunrise Depos it Bank
2. Date organized
1906
3. Federal reserve district
Town or City
Sunrise
Date suspended sept.17,1927Population of town or city*
-- - -
4
4. Number of branches operated: In city of parent bank
Harrison
260
Member or nonmember of F. R. System__N on-la
None
None
Outside city of parent bank**
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County
Sept. 12, 1927
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
140,310.18
Total loans and discounts
Real estate acquired in satisfaction of debts
Investments
All other resources
33,405.71
73,715.89
Total resources
15,000.00
Capital
363.03
Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
39,142.76
Time deposits, including postal savings
15,210.00
54,352.76
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
73,715.89
Total liabilities
7. Has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
S. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Per cent of loss
to claims
Amount of loss
Secured claims
Preferred claims
General claims
Total
No
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims
Preferred claims
General claims
Total claims. .. .
If so give:
10. Has this bank been finally liquidated? Yes
June 29, 1929
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain).CtitAkt
10,000-00
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in (lollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims....
Preferred claims...
General claims. . ..
Total claims....
Paid Depositors in full with interest
100%
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
of Cashier
Defalcation
X
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Yes
If so, give dates and amounts of all assessments
Bond of Cashier Q10,000.00
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
37
El National bank
Name of State
[ State bank
I
0 Trust company
O Stock savings bank
O
Mutual savings bank
Kentucky
O Private bank
1. Name of bank
Farmers & Merchants Bank
2. Date organized
3. Federal reserve district
1904
Town or City
D
Date suspended Aug 3,1923
8
To) u
Population of town or city*
Cr i -1-,tonden
300
Member or nonmember of F R. System Norli'l•
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
OrYt.1--
if
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
O•
$
Total loans and discounts
Real estate acquired in satisfaction of debts
„ooks, all records destroyed by Fire
Investments
August 3, 1923
All other resources
Total resources
Capital
Surplus and undivided profits
411/
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
t)
Total deposits
AIS tiinatod
$
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
Total liabilities
7. Has this bank been reopened?
- No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
No
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Secured
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
_
claims
Preferred claims..
General claims
_
Total claims.
yes
If so give:
10. Has this bank been finally liquidated?
June 25, 1928
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
,
Secured
claims
Preferred claims
General claims. . . .
Total claims
'
sitors on
163,927.94
531%
Paid- Dep sitors on
166,072.06
100%
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
of Cashier and Bank Burning up
X
X
Heavy withdrawals of deposits
•
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
No
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
August 1, 1922
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
•
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
supervisory authorities or by the bank's board of directors on account of financial difficulties. This
by
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
LII National bank
P-- State bank
-
LI Trust company
11] Stock savings bank
[1] Mutual savings bank
LI Private bank
1. Name of bank
•
2. Date organized
' 4.}
/
-n or Cityltutnty
Date suspended
3. Federal reserve district
Population of town or city*
Member or nonmember of F. R. Syste
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
6-- —•3
;
6. Condition figures, as of (date*)
Loans and discounts:
c73 6,
47
On real estate
6/ 9
Other
e 1-gt-
Total loans and discounts
Real estate acquired in satisfaction of debts
70
/
e0/
/
Investments
/6
All other resources
,
_I/ 1
Total resources
4
-
0
ASM9
/
Capital
—
g
0-
3 LI 7/ 3, y
Surplus and undivided profits
Deposits:
4-..r
Due to banks**
Demand deposits, including U. S. Govt. deposits
33, 7
17
—
Tune deposits, including postal savings
Total deposits
$
Borrowings from F. R. bank
Borrowings from other banks
/
4-7 / b
/
All other liabilities
/7
Total liabilities
7. Has this bank been reopened?
27/ 0
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
If so give:
8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
If so give payments to date:
9. Is this bank still in process of liquidation?
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
_
Secured claims..
i
i. aill‘
mr
f"
AdWii'r•
i
ed
Preferrclaims.
General claims
.
Total claims
i
—
10. Has this bank been finally liquidated?
Date liquidation was completed
If so give:
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims
Total claims
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
rra-e-
--e--e-ct-t-ce-A-g-/
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
?J- ,
or agriculture
-z--t
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
/
.--
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments__
----k2
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
67
;
O National bank
Name of State
0 State bank
O Trust company
O Stock savings bank
O
Mutual savings bank
Kentucky
O Private bank
Town or City Mite Plains County
1. Name of bank____Ahe_Farmers Bank
2. Date organized
3. Federal reserve district
1904
Date suspended
May 9, 1925 Population of town or city* 316
8
Member or nonmember of F. R. System_Non—M.
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
None
None
5. \Vas this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
Hopkins
May 9, 1925
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
118,572.22
Real estate acquired in satisfaction of debts
350.00
)
.2.?,
Investments
11,425,31
12,151.61
All other resources
Total resources
142,499.14
Capital
15,000.00
Surplus and undivided profits
3,034.12
Deposits:
$ 11,118.07
Due to banks**
Demand deposits, including U. S. Govt. deposits
571515.52
Time deposits, including postal savings
40,831.43
109,465.02
Total deposits
Borrowings from F. R. bank
15,000.00
Borrowings from other banks
All other liabilities
142,499.14
Total liabilities
7. Ilas this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
4111
No
S. Has this bank been taken over by another bank?
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
.ims. .
Secured cla
Bills Payle
15,000
Preferred claims...
Due Banks
11,118.07
General claims.. ..
Depositors Paid to Date
Per cent of payments
to claims allowed
100%
40%
Total claims. . ..
10. Has this bank been finally liquidated?
Date liquidation was completed
No
If so give:
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
Dividends paid from
collections
claims
Preferred claims
General claims. . ..
Total claims
40%
Paid Depositors
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment,laxity in collections,
lack of enterprise, etc
Defalcation
of Cashier
X
X
Heavy withdrawals of deposits
•
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
No
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspenJan. 1, 1925
sion?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Yes
If so, give dates and amounts of all assessments
Double Liability Collected
$3.000
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN. BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
National bank
ct State bank
rj Trust company
1:1 Stock savings bank
LI Mutual savings bank
Private bank
17
1. Name of bank ML14A-/ "-(-
2. Date organized
Town or City VI/J'vvN-4/"4"-e
County (-
'.(21Date suspended /-1-±5 -/2t,Population of town or city*
Member or nonmember of F. R. System__(/
3. Federal reserve district
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
(
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
)
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
$ J7
/
)
Real estate acquired in satisfaction of debts
Investments
D
(")
All other resources
1-/
Total resources
_ °r
,
7g-,(Idd
Capital
b)0,60
—
Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Tune deposits, including postal savings
•••
Total deposits
)
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
Total liabilities
7. Has this bank been reopened? t
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
•
-
F. R. Board
Form 4t.6386b
November lc29
BANK SUSPEbTSIONS
-/7
Date of suspension
/
, F
Name and locatio
of bank
Capital
0
Federal Reserve District
Oa
f
Ade ..capr
Lo -.s and
in Testments
/
/
I
Member or
nonmember
-~AV
Gross deposits
0/z/or---e-CP,
•
From other banks
Borrowings from Federal Reserve Bank
7
C c-C7 C)
Condition figures are as
1
Closing directed by
.f
7
4,4
Causes of suspension: Check in the approprite column those of the following
which apply, either as primary or contributing causes, amplifying the
indicated causes with such supplementary data as may be available.
•
Primary
cause
,Contributing
cause
/
1. Slow, Doubtful or worthless paper
2. Failure of banking correspondent
(Name 'of failed correspondent)
3. Failure of other large debtor
(Fame of failed debtor and connection
with bark, if any)
4. Defalcation
5. Heavy withdrawals
6. Other causes (specify)
/
t6 7
/62,&fid;
hERKS:
,
/v1. aAA,4_.
777•*-7
/7
If so give:
8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
If so give payments to date:
9. Is this bank still in process of liquidation?
(Amounts in dollars)
Claims allowed
Secured
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
claims
Preferred claims
General claims
Total claims
If so give:
10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims. ...
Preferred claims...
General claims. ...
Total claims. .. .
Dividends paid from
collections
Payments from
guaranty fund
0.
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
4Pt
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture'
If so, state what industry or type of agriculture
•
What was the approximate date of thitioeginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended'
If so, give dates and amounts of all assessments
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
•
Type of bank reported—check
appropriate one of the following
• National bank
Ef—State bank
• Trust company
1:1 Stock savings bank
• Mutual savings bank
LII Private bank
1. Name of banl
•
2. Date organized /
own or City
0
3. Federal reserve district
Population of town or city* /
Date suspende
z
Member or nonmember of F. R. System____
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
County
z
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
1 ,-t;q4J
vyg,0
// 4; 6/
Total loans and discounts
g
Real estate acquired in satisfaction of debts
-
Investments
/
7
All other resources
Total resources
cp co —
Capital
2.
Surplus and undivided profits
a7 o 07 41,k
Deposits:
7
37 -V s-
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
7
Total deposits
07- cc'7
$
"
12,7 V )4
1
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
7
Total liabilities
7. Has this bank been reopened? V2// 0
7.r
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
If so give:
8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
If so give payments to date:
9. Is this bank still in process of liquidation?
Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
_
Secured
claims
• I
Preferred claims
r •
lAlf
General claims
i,
-
,
,
Total claims
1
.°
10. Has this bank been finally liquidated?
Date liquidation was completed
If so give:
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims
Total claims
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
•
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
/
"
1
-7
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
c7/4472/-
@FedFRASER