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421.11-6 - Bank Suspensions Since Jan 1 1921 Nonmember State Banks Minnesota 0-S Committee on Branch Group & Chain Banking #1057 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 EN State bank Is National bank Name of State O Trust company O Stock savings bank O Mutual savings bank Minnepo ta O Private bank • 1. Name of bank 2. Date organized Oak Park State Bank 10-1-13 3. Federal reserve district Date suspended 7 Town or City 9-_12-30 Oak Park_county 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. Benton 100 6. Condition figures, as of (date*) 9-12-30 Loans and discounts: On real estate Other $ Total loans and discounts 21,016.14 5,593.82 Real estate acquired in satisfaction of debts "),7A Investments 6,000.00 10,415.95 All other resources $43,025.91 Total resources $10,000.00 Capital 2,060.00 Surplus and undivided profits Deposits: $ Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings ) 19,836.18 10,273.89 $ Total deposits 30,110.07 Borrowings from F. R. bank 1111P Borrowings from other banks All other liabilities 319-54443"req43 0›-.1;q , 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. 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: Per cent of loss to claims Amount of loss Secured claims Preferred claims General claims Total Ye S 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. .. 5,598.5 $5,598.52 $5,598.52 100/0 6 Preferred claims. 4,887.2 43.33 43.33 ,?' --- General claims.. 20,141.5 ____ 5- 6 8 2-. ;i 30 627.2 , Total claims ( 10. Has this bank been finally liquidated? ( e ii 9 , , / g.k/ If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Poor paper & Lack of reserve X Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry ip 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? No If so, give dates and amounts of all assessments Statutory 1.ssessment $10,000; Assessment ordered 11-8-30 410 ' 4 #900 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 C11)4), ••• 0 National bank Name of State State bank 0 Trust company O Stock savings bank O Minnesota Mutual savings bank O Private bank • 1. Name of bank 2. Date organized Far & Ider State Bank 6-1-10 3. Federal reserve district Town or City 1-4-27 Date suspendeci_ 7 Odessa County Population of town or city* ember 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. Big Stone 271 6. Condition figures, as of (date*) 1427 Loans and discounts: On real estate Other $ 99,117.17 Total loans and discounts 35,497.99 Real estate acquired in satisfaction of debts 218.01 Investments ) (5,52.04 All other resources $14e 3 7 7 -56 -e-1(44,333,/ g Total resources $25,000.00 Capital 2,000.00 Surplus and undivided profits Deposits: Due to banks** )$ Demand deposits, including U. S. Govt. deposits 24,425.72 Time deposits, including postal savings 52.,,444.69 $ 7687041 Total deposits Borrowings from F. R. bank ea.& Borrowings from other banks 17,280.00 All other liabilities 20,188.57 $141,338.98 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. 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Per cent of loss to claims Loss to depositors on: 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 WirrMIthinfl Total payments Per cent of payments to claims allowed dvance and. collat eral Secured claims. .. r.. $98.2 $98.2 1 Preferred claims... 34,716.25 76,200.. 17,280.01 -----•' 1* Total claims. . ..-,' R " 11.ffilts^ . Airlat • -— ; r ' • r•- grab; . $98.21 100% 34,716.25 45-0 4..+444... T. . 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 claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Dqpleted reserve Other causes, (specify) X 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? No If so, give dates and amounts of all assessments Statutory assessment $25,000, Assessment orfiezed_1_0=25=27 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 LX State bank 0 Trust company El Stock savings bank O Mutual savings bank Minnesota O Private bank 1. Name of bank 2. Date organized Far & Mer State Bank 9-16-15 3. Federal reserve district_ Date suspended_ 9 Town or City Ogilvie 1-25-27 Population of town or city* County Member or nonmember of F. R. System Kanabec 500 None 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 AAA,. 1 * 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. i‘t t\A (c, u 1 6. Condition figures, as of (date*) 1-25-27 Loans and discounts: On real estate Other. $ 118,531.98 Total loans and discounts ' 15,667.51 Real estate acquired in satisfaction of debts 6,021.99 Investments 15,934.17 All other resources *156,155.65 Total resources $10,000.00 Capital 5,000.00 Surplus and undivided profits Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings $75,321.86 46,930.81 $ 122,252.67 Total deposits Borrowings from F. R. bank --- Borrowings from other banks 15,300.00 3,602.98 All other liabilities *156,155.65 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 Per cent of loss to claims Loss to depositors on: Amount of loss 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) Claims allowed Dividends paid from collections Payments from PlangMain Total payments Per cent of payments to claims allowed gcl iggl l a 2,26154 Secured claims Preferred claims.. Gelieri;a clairw _ Gen Cl—Bills P. $2,261.54 ...— $2,261.54 100% 241 151.82 111909.52 ...,.. 11, 909.52 49% 80 549.32 44 44 - Total claims.: -.-- -... 0 4 --t15- °0- -00 15,300.00_ 0 13 \ 10. Has this bank been finally liquidated? 10% 615,300.00 $29,4_71. - •:-414,171. I 24. o • 2) If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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 10M Deposit School District #1 secured by collateral — No claim filed oult brought and collateral returned to bank 9M accounted for by unclaimed deposits and offsets 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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Depleted reserve Other causes, (specify) X 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? No If so, give dates and amounts of all assessments Statutory assessment $10,000; Assessment ordered 7-25-27 11111 #592 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 XI Name of State State bank O Trust company O Stock savings bank O Mutual savings bank Minnesota O Private bank 1. Name of bank 2. Date organized State Bank of Ogilvie 10-10-05 Date suspended 3. Federal reserve district Town or City Ogilvie County Kanabe C 12-11-23 Population of town or city* 500 Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank 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. 6. Condition figures, as of (date*) 12-11-23 Loans and discounts: On real estate Other. $ Total loans and discounts 381,211.48 20,202.19 Real estate acquired in satisfaction of debts 1372.29 Investments 27,373.57 All other resources $430,159.53 Total resources $50,000.00 Capital Surplus and undivided profits Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits $95,638.96 Time deposits, including postal savings 138,599.80 $ Total deposits 234,238.76 Borrowings from F. R. bank 138,4U.31 .1 q 1 (1,500.00 Borrowings from other banks All other liabilities $574, Total liabilities 7. Has this bank been reopened? 0,7r0443 4 0// 6 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: Per cent of loss to claims Amount of loss Secured claims Preferred claims General claims Total Yee 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 xmonplanfmilm Total payments Per cent of payments to claims allowed collateral .. — Secured claims. .. . g Preferred claims. .n. & advance _... 3 I ''' * 96 R66 $413.40 - $413.40 2% General claims. P.P I 234.29 , Gen_ Ci—Bille P113 ) : . ;230.21 128;230- 21 ,466.31 - - --6 ":::-77---, ' 1-284 . 10. Has this bank been finally liquidated? 93% - If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Depleted reserve X 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? No If so, give dates and amounts of all assessments Statutory assessment $50,000* Assessment ordered 9-18-25 • #91.0 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 0 National bank Name of State [2] State bank r 0 Trust company El Stock savings bank El Mutual savings bank Minnesota 0 Private bank 1. Name of bank 2. Date organized First State Bank 8-15-10 3. Federal reserve district Date suspended Town or City 6-15 29 ' 7 Oklee County 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. Red Lake 500 6. Condition figures, as of (date*) 6-15-29 Loans and discounts: On real estate Other $ 120,098.43 Total loans and discounts Real estate acquired in satisfaction of debts 17,556.09 Investments 23,421.16 i18,f78.g0 All other resources - Total resources - 3-.GB$149 go,liSel,4/ $15,000.00 Capital 5,000.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings ) $47,239.50 113,249.99 $ 160,489.49 Total deposits Borrowings from F. R. bank eg.., Borrowings from other banks All other liabilities • ------$1g0,489.49 Total liabilities 7. Has this bank been reopened? OEM 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: 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) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed Secured claims. . . . $20,6772 $20,677.20 C $20,677.20 100% 6 / 968.6 8 1968.66 r--- 6,968.66 100% 0 - 51 / 400.53 40% 7 9 D lig. "Co6 Preferred claims.. 128,483.3 .53 51,400. General claims.. Total claims. .. ,-,./ / ii/6. 156,129.1 10. Has this bank been finally liquidated? u-- If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name 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 $6,000 - 5-3-29 Statutory liability $15,000 Assessment ordered August 27,'29 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 E State bank Name of State 0 Trust company 0 Stock savings bank O Mutual savings bank Minnesota O Private bank • 1. Name of bank Farmers State Bank_ 2. Date organized 5-11-15 Date suspended 3. Federal reserve district Town or City 4-29-26 Olivia County 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. Renville 600 1, 6. Condition figures, as of (date*), 4-29-26 Loans and discounts: On real estate Other 63,463.43 Total loans and discounts 17,115.80 Real estate acquired in satisfaction of debts Investments •••11••••• Ord.=MP /,34J./0 7,806.07 All other resources ,{343,7705.30 h7.313/0 Total resources $15,000.00 Capital 5,500.00 Surplus and undivided profits Deposits: )$ Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings $39,843.93 23,178.77 63,022.70 Total deposits •••••••11. NNW Borrowings from F. R. bank 6,208.50 Borrowings from other banks OM.a•M• .10a, All other liabilities 49,131.20 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. • 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: 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? 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 H so give.. 10-14-30 Collections: $ From liquidation of assets 44,657.38 512.50 From assessments on shareholders Other collections (explain) Int on daily bal 608.99 $45,778.87 Total collections 0696.49 Offsets to claim (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from wit iritftfoicin Total payments Per cent of payments to claims allowed collateral advance Secured claims. . .. Preferred claims. . . $23,12375 42,478 4L . 4) 423 General claims Cl—Bills Pay__ .6120 : ., , -,-;--cr . 7. rrif_„., Total claims 0 • 1 . a- I 23,123.75 0_ 3,123.75 4,460.23 6.20 ,50 sof ' 0 ,208.50 n' . 100% 10.5%6 100% - qQ.t) 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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Fr Q.Z erl. assets & depleted reserve X Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry 40 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? No If so, give dates and amounts of all assessments Statutory assessment $15,000* Assessment ordered 7-24-26 • #511 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 State bank LI Trust company Ej Stock savings bank o o Mutual savings bank Minneso Private bank • 1. Name of bank First State Bank 2. Date organized 9-14-04 Date suspended Town or City 12-28-23 3. Federal reserve district Orleans County 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. Kittson 100 6. Condition figures, as of (date*) 12-28-23 Loans and discounts: On real estate Other $ 121,283.59 Total loans and discounts 11,353.27 Real estate acquired in satisfaction of debts MOM OM.NEW Investments 5,049.27 All other resources 137,686.13 Total resources $15,000.00 Capital 3,000.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings ) $29,230.36 52,663.01 $ Total deposits 81,893.37 Borrowings from F. R. bank 37,658.65 Borrowings from other banks All other liabilities 149"—r'5274421Y1floillit 3 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. 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Per cent of loss to claims Loss to depositors on: 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) Claims allowed Dividends paid from collections Payments from chi xffilintawi collateral & advance , Secured claims.. Preferred claims d 4 ,3,697.65 Genual claims Cl—Bills Pi- 77 301.97 19,271.96 - 7,e_1406.' -- „..,—:—.-:—. $3,697.65 10. Has this bank been finally liquidated? Total payments ._ $3,697.65 • Per cent of payments to claims allowed 19,271.96 _— 100%____ 25% 9T46 4 3- 7nia. fi- -11 7;97111 a ' . I 43 --- .3: - 7 1 If so give: Date liquidation was completed 'Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Depleted reserve Other causes, (specify) X 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? No If so, give dates and amounts of all assessments Statutory assessment $15,000; Assessment ordered 12-8-25 • #1051 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 r] National bank Name of State [31 State bank El Trust company [11 Stock savings bank EJ Mutual savings bank Minnesota (:) Private bank • 1. Name of bank Oronoco State Bank 2. Date organized 9-2-13 Date suspended 3. Federal reserve district TOWn or City Oronoco 7-6-23 County Olmsted 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. 275 6. Condition figures, as of (date*) 7-6-23 Loans and discounts: On real estate Other $ Total loans and discounts 51,542.22 ••••••••••••••• Real estate acquired in satisfaction of debts 100.00 Investments 10,067.56 All other resources $61,709.78 Total resources 10,000.00 Capital 2, 000.00 Surplus and undivided profits Deposits: Due to banks** )$ $16,472.18 Demand deposits, including U. S. Govt. deposits 30,046.30 Time deposits, including postal savings $ Total deposits 46,518.48 ••••••• Borrowings from F. R. bank 3,000.00 Borrowings from other banks All other liabilities /7 3 4 -t• ° $19,51.8.112,11,70/.78 Total liabilities 7. Has this bank been reopened? Date of reopening Secured claims Preferred claims General claims Yes If so give: 12-17-23 Name under which reopened Loss to depositors on: the same Amount of loss None None Per cent of loss to claims •••••••••••••••• 411•••••••<• . SRO , 66 2 % /3 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. ... 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 claim (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 1 1. 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, drought, 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) Name 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 2,500 - Paid - 1-1-26 500 - Paid - 5-21-26 0 /1 '/2 p • #1096 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 XJ State bank El Trust company o Stock savings bank El Mutual savings bank o ):P 11 lerio Private bank Minne sota • 1. Name of bank Ortonville State Bank 2. Date organized 5-20-14 3. Federal reserve district Town or City Date suspended 1-11-26 c_ Population of town or city* Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank • 0 t onvi.lie County _.--- 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. Bigr Stone 2000 6. Condition figures, as of (date*) 1-11-26 Loans and discounts: On real estate Other $ 116,543.76 Total loans and discounts 26,901.80 Real estate acquired in satisfaction of debts 473.35 Investments {16,168 70 34,1 All other resources $1-6.-631 6704347 Total resources AvO $20,000.00 Capital 5,000.00 Surplus and undivided profits • Deposits: Due to banks** ) $ Demand deposits, including U. S. Govt. deposits ) Time deposits, including postal savings p53,716.32 67,446.14 $ 121,162.46 Total deposits •••• Borrowings from F. R. bank 14,000.00 Borrowings from other banks 194.14 All other liabilities I f Total liabilities 7. Has this bank been reopened? • 1i0,356.60 If so give: Date of reopening Name under which reopenecL__ Loss to depositors on: Amount of loss Per cent of loss to clainis 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 Yes 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 macipmfmrd Total payments Per cent of payments to claims allowed collateral & advance Secured claims. . . . Preferred claims... $111.10 $111.10 -0 $111.10 o-28,884.40 $14,000.00 14,000.00 General claims.. .115,537.61 28,884.40 ;000i00 . -a-B11-18- P.,- • 14---648-4-7-1 . 'fi .'", -1 .1(I": . E-.. Totai-eiainf§."1•12-9, ..iii, 04 , 115.14 112- i-n 10. Has this bank been finally liquidated? Date liquidation was completed 100% 25 0 - - -1 i 119.7f ii 6-. - f ol'il.9 9 5. 5"c.) If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Depleted reserve X 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 Voluntary 16% - $3200 - Paid 9-26-24 Statutory assessment $20,000, Assessment ordered 9-11-26 • #294 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 CQ 0 National bank Name of State X] State bank O Trust company O Stock savings bank O Mutual savings bank Minnesota O Private bank • 1. Name of bank Osakis State Bank 2. Date organized Town or City 3-16-1900 Date suspended 3-16-26 3. Federal reserve district 7 Osakis County .' Population of town or city ,480 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. Douglas 6. Condition figures, as of (date*) 3-18-26 Loans and discounts: On real estate Other $ Total loans and discounts 41') 842•95 45,091.58 Real estate acquired in satisfaction of debts W,( 0 2,500.00 ill, 7-11- is— (19,789.68 Investments All other resources .44 214z-14221-4-7.-Ea41/,i/3r1 Total resources $40,000.00 Capital 10,00C.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings ) $93,464.24 305,242.39 $ 398,708.63 Total deposits Borrowings from F. R. bank 42,729.36 Borrowings from other banks All other liabilities $471,435.99 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. • 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) Claims allowed Dividends paid from collections _pAyments from )(0niSn'ain Total payments collateral Per cent of payments to claims allowed . —&—advanee-Secured claims. ... Preferred claims. . P,15 590.04 $15,590.04 ' GDapral claims. .. . 365,315.85 127,348.22 a-Bills Pay Total claims. ..'.- $15,590.04 ' o---42,729.36 5 . :;( q ri y, L., . 4 10. Has this bank been finally liquidated? Date liquidation was completed . $42,7e9.36 p •- , r: , ,7, ' i. 100% 127,348.22 42,729.'66 356/ . 1014% If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Frozen assets & depleted reserv X 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 $41,2°0 Paid 12-13-24 Statutory assessment $40,000; Isessment ordered 9-7-26 • #584 FEDERAL RESERVE COMMITTEE ON BRANCII, 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 22 State bank O Trust company • Stock savings bank o o Mutual savings bank Minnesota Private bank • 1. Name of bank Citizens State Bank 2. Date organized 8-22-05 3. Federal reserve district Town or City Date suspended 12-1-27 7 Oslo County Marshall 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. 365 6. Condition figures, as of (date*) 12-1-27 Loans and discounts: On real estate Other $ 153,828.54 Total loans and discounts 51,143.11 Real estate acquired in satisfaction of debts ..em• ...••••• Investments 1 14.8 (12,899.11 All other resources 1 g43.±-7 8.44,...74. ,y4,(,19.4 1 7 Total resources $20,000.0_0_ Capital 15,000.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings $61,104.59 80,583.10 $ 141,687.69 Total deposits Borrowings from F. R. bank ••••••••=k0 49,931.92 Borrowings from other banks • 11.••••••• All other liabilities 619.61 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. • 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) Claims allowed Dividends paid from collections Payments from 0111T Total payments Per cent of payments to claims allowed collateral , Secured claims Preferred claims $7,804.29 $4,914.15 63% 0 - '25,685.76 01—Bills Pay“ 49,931.92 General claims Total claims-v-4 I: ' (7— ,914.15 4, $35 854..32 4. .i1ii 10. Has this bank been finally liquidated? Date liquidation was completed 1. - f., it 35,854.32 4 If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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 p, cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Depleted reserve Other causes, (specify) X 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 1004) - $20,000 - 11-28-24 5T/0 - 10,O'00 - 11- 3-25 50% - $10_000 - 2-10-27 If so, give dates and amounts of all assessments . Palo. 1-22-25 Paid 3-31-26 Paid 5-28-27 Statutory assessment $20,000; Assessment ordered 5-21-28 • #587 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 3 State bank O Trust company O Stock savings bank O Mutual savings bank minneRota O Private bank • 1. Name of bank 2. Date organized First State Bank 9-11-05 3. Federal reserve district Town or City Date suspended_3-3-23 7 0131Q_ County Population of town or city* 365 Member or nonmember of F. R. System___2 1 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. Marshall 6. Condition figures, as of (date*) 3-3-23 Loans and discounts: On real estate Other $ 142,916.38 Total loans and discounts 2,242.93 Real estate acquired in satisfaction of debts MED •IM In••• OEM , Investments 5,075.54 All other resources 150,234.85 Total resources $10,000.00 Capital Surplus and undivided profits Deposits: Due to banks** ) $ Demand deposits, including T.T. S. Govt. deposits 19,709.80 Time deposits, including postal savings 47,752.91 $ Total deposits e....••••••••••••• Borrowings from F. R. bank 46, Borrowings from other banks 31586. . If.r Total liabilities 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. • 72J7-i 26,120.58 = $140,1C/3.co Iio 341(/ All other liabilities 7. Has this bank been reopened? 67,462.71 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Per cent of loss to claims Loss to depositors on: Amount of loss 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. . . . Preferred claims. .. General claims. .. . Total claims. .. . 10. Has this bank been finally liquidated? Date liquidation was completed Ye S If so give: 1-4-30 Collections: From liquidation of assets $ 45,331.86 7,085.00 From assessments on shareholders im and int on bal Other collections (explain 741.43 $53,158.29 Total collections 73.54 Offsets to claim (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections -- Secured claims $3,072.09 Total payments matorxtmft collateral & aavence__ ....., ...... -- $32 072.09 General claims.. . . 62,187.53 GEn Cl-Bills Pay - -7a--700.;; I & Redis , Total claims.. Payments from 21 512.38 Preferred claims 2 .) • • 2 ...... 3,O72.09 — i. Per cent of payments to claims allowed . 6,110. 100% 2 52 138 __ ) .._ 4.04%_ 1 w ' 44,031. _ 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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Depleted..rP.sp.rve X 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 09600 - Paid - 1-16-23 Statutory assessment S10,000; Assessment ordered 5-24-25 • #767 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 El Mutual savings bank Minne sofa O Private bank • 1. Name of bank Farmers State Bank 2. Date organized 3-25-08 3. Federal reserve district Date suspended Town or City 11-1-30 Ottertail County Ottertail 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. 285 6. Condition figures, as of (date*) 11-1-30 Loans and discounts: On real estate Other 61,369.95 Total loans and discounts 6,464.92 Real estate acquired in satisfaction of debts rA\ Investments 10,000.00 9,984.82 All other resources $87,819.69 Total resources 15,000.00 Capital 2,000.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings ) $27,465.50 28,790.38 $ Total deposits 56,255.88 Borrowings from F. R. bank 14,000.00 Borrowings from other banks 11124( - All other liabilities $?-0,255.0037, g/1, 4/ 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. • 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) • Claims allowed Dividends paid from collections Claims not passed on 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? Date liquidation was completed If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) DepietPsi..ZPAP.r.VP........... X 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? No If so, give dates and amounts of all assessments Stattitory assessment $15 000* Assessment ordpred 1-7-31 • #1441 FEDERAL RESERVE COMMITTEE ON BRANCII, 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 IX] State bank • Trust company • Stock savings bank El Mutual savings bank o Private bank Minne sofa • 1. Name of bank 2. Date organized Farmers State Bank 7-2-19 3. Federal reserve district Town or City Park Rapids County Hubbard Date suspended 12-29-23 Population of town or city* 1603 7 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. 12-29-23 6. Condition figures, as of (date*) Loans and discounts: On real estate Other $ Total loans and discounts 114,307.04 7,296.19 Real estate acquired in satisfaction of debts 88.00 Investments (15,322.39 All other resources $13r:t3ea3T•reap4o, Total resources n.Y4',/ $20,000.00 Capital 4,000.00 Surplus and undivided profits Deposits: Due to banks** $ $23,105.79 Demand deposits, including U. S. Govt. deposits 53,222.17 Time deposits, including postal savings $ 76,327.96 / Total deposits MOO ORM .=••4WD Borrowings from F. R. bank Borrowings from other banks 39,823.30 . . • All other liabilities $140 151.26 , Total liabilities 7. Has this bank been reopened? 74,-n 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: 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) Claims allowed Dividends paid from collections Payments from AtMthil re ki Total payments Per cent of payments to claims allowed collateral & advance -- Secured claims. . . $328.92 -- $328.92 100% , 912.67 ` 5,666.71 52666.71 General claims. •,/--$59,8-23- -3 39 823.30 . 1 C1-Bills P. : 8-23.30 ' -- ., q -,3 , =-- .', / - -' i- .--- ,/ . /•-,i/ — Total claims$.12i •.. A 2.• 7% 100% Preferred claims. . ci $38.92 ; ----) •-) • o 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 claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Depleted reserve X Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry el 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? No If so, give dates and amounts of all assessments Statutory assessment $20,000; Assessment ordered June 5 '25 • #428 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 [20 Name of State State bank v.1 4 LII Trust company • Stock savings bank o o Mutual savings bank Minnesota Private bank • 1. Name of bankState 2. Date organized Bank of Parkers Prairie City Parkers TOWT1 or 6-25-03 Date suspended 8-24-23 3. Federal reserve district 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. ail 700 6. Condition figures, as of (date*) 8-24-23 Loans and discounts: On real estate Other $ 191,206.68 Total loans and discounts 9,640.96 Real estate acquired in satisfaction of debts 6,845.00 4if. (11,542.87 Investments All other resources $41-4T194-5-ki-11 /004141 /1 " Total resources $15,000.00 Capital 3,000.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings ) $33,291.25 132,812.60 $ Total deposits Borrowings from F. R. bank AMP MIRO ONO MN. 32,800.00 Borrowings from other banks • 3,820.35 All other liabilities $220,724.20 Total liabilities 7. Has this bank been reopened? 166,103.85 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 Per cent of loss to claims Loss to depositors on: Amount of loss 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. . .. Preferred claims. .. General claims. ... Total claims. . .. 10. Has this bank been finally liquidated? Date liquidation was completed Yes If so give: 4-a5-30 Collections: $69,232.19 From liquidation of assets 9,205.99 From assessments on shareholders Other collections (explain) Int Ori daily baj. 913.01 $79,351.19 Total collections $ Offsets to claim (loans paid, etc.) 1,479.58 Payments to depositors: (Amounts in dollars) _ -r— ,-- ,,-- $9,364.66 $9,364.66 $9,364.66 164,218.94 32,800.00 12,348.66 1,351.50 12,348.66 $29 2 070.50 30,422.00 roT1.'— 1- 9, c7/ :.i1,115. q Preferred claims a &Mf3 itm ilay Payments from Per cent of payments to claims allowed Secured claims Total claims Dividends paid from collections Total payments Claims allowed $ . . • , ' )._3, ,!), Zo ,6%. ATfa era _. .- 100% - - 0 -.7.-;2 93% -.) 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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) FX.(net) agSet$ X 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 200 / - 830,000 - Paid 2-17-23 1 Statutory assessment $15,000, Assessment ordered 6-17-25 • #1122 FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CIIAIN 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 rj State bank O Trust company O Stock savings bank O Mutual savings bank Minnesata, O Private bank 1. Name of bank State 2. Date organized Bank of Pease 8-13-14 Date suspended 3. Federal reserve district Town or City Pease County 12-13-24 Population of town or city* 175 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. Mille Lace 6. Condition figures, as of (date*) 12-13-24 Loans and discounts: On real estate Other $ Total loans and discounts 86,011.82 14,907.72 Real estate acquired in satisfaction of debts 1,442.88 vi -.v 6,114.31 Investments All other resources $1430,476.73/10,eigterV Total resources $15,000.00 Capital 3,000.00 Surplus and undivided profits Deposits: Due to banks** ) Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings $ $32,702.64 41,816.46 $ Total deposits 74,519.10 Borrowings from F. R. bank 17,842.11 Borrowings from other banks 636.81 All other liabilities 0,998.02 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. • 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? If so give payments to date: (Amounts in dollars) Dividends paid from collections Payments from guaranty fund ., Claims allowed . Total payments Per cent of payments to claims allowed _ Secured claims. . . $6,122.03 Preferred claims..$6,122.03 833.71 G.or)e_ral claims.. . 61 . 1-Bills Pay Total claims. $6,122.03 12 716.74 . ,-` ---12•50r00.---$-1-7.;592...-11 100% 12,716.74 - )1" !:..:. ---. ,, 1- . . ----1-4-4-Z`5"""r — .""4-7—:":*7/-'1"---______ :4 4 " 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 claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Frozen assets and Depleted.res-erve X X 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 Voluntary assessment of $2,000 paid 4-29-24 Statutory assessment $15,000; Assessment ordered 6-4-26 • #1019 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 XI State bank Name of State O Trust company O Stock savings bank O Mutual savings bank o aota Private bank • 1. Name of bank Peli can Rap ids State Ban' OW11 or cityPeltc_m 1_1_81 Iactzunty 2. Date organized 12-3-12 3. Federal reserve district Date suspended 11-19-26 Population of town or city* 7 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. Ott er Tail 6. Condition figures, as of (date*) 11-19-26 Loans and discounts: On real estate Other $ Total loans and discounts 280,052.35 9, 468.00 Real estate acquired in satisfaction of debts Investments 14,000.00 All other resources 10,648.90 $314,169.25 Total resources $10) 000.00 Capital 7,000.00 Surplus and undivided profits Deposits: Due to banks** ) Demand deposits, including U. S. Govt. deposits $51,779.68 Time deposits, including postal savings 219, 684.71 $ Total deposits 271,464.39 Borrowings from F. R. bank 25,000.00 Borrowings from other banks 76 0 4BZ , All other liabilities $29-8,484393/4, /41. 7- 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. • 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: Per cent of loss to claims Amount of loss Secured claims Preferred claims General claims Total YesIf 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 Nfifferal Total payments Per cent of payments to claims allowed $9,173.93 $9,173.93 $9,173.93 100% Preferred claims..8,742.49 8,742.49 8 2 742.49 100% 249,841.23 87,444.42 Secured claims. . . General claims. .. , v., fr. I, . Total claims. . . S242 757,66 . Q 0', 7 i; 7. (ic 10. Has this bank been finally liquidated? 87 v 444.42 35$ $25,000.00 . , ..., .,-„, 25,000.00 10010, ,v,,, .,..,-- ji ! . ,-+- .--4 t) 4 '. 3 i) - If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Deplete.d re.serve Other causes, (specify) X Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry qip 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' No If so, give dates and amounts of all assessments Statutory assessment $10 000' Assessment ordered 5 • +1033 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 EX State bank O Trust company D Stock savings bank O Mutual savings bank Minnesota O Private bank • 1. Name of bank Farmers State Bank 2. Date organized 2-2513 3. Federal reserve district Town or City Pemberton Date suspended 12-14-27 7 County Blue Earth 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. 100 6. Condition figures, as of (date*) 12-14-27 Loans and discounts: On real estate Other $ Total loans and discounts 92,522.18 23,180.00 Real estate acquired in satisfaction of debts 8,453.13 / A/6 IP. II, Investments i 20,258.49 All other resources 1 Total resources , '144 B04/4 . 1 $14,000.00 Capital 3,500.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings ) $36,333.71 92,544.95 $ 128,878.66 Total deposits Borrowings from F. R. bank Borrowings from other banks All other liabilities $145-878.66 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. 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: 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? 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? Date liquidation was completed If so give: 5-28-30 Collections: $106,188.74 From liquidation of assets 13,100.00 From assessments on shareholders Int daily bal Other collections (explain) 1,1C7.30 $120,396.04 Total collections 812,333.97 Offsets to claim (loans paid, etc.) Payments to depositors: (Amounts in dollars) Dividends paid from collections Claims allowed Payments from guaranty fund Total payments Per cent of payments to claims allowed Secured claims $107.3 Preferred claims 118,374.1 General claims... Total claims 1. : 0 $107.33 115,947.50 G $107.33 0 -- 115 2947.50 e" I I G i l b b, 100% 97.95% // 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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Lack of reserve Other causes, (specify) X 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? $10,500 Yes If so, give dates and amounts of all assessments Paid 5-4-25 $11,200 - $3,800 Paid 12-1-27 Statutory assessffient 414,000i_Assessment ordered 7-7-28 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 MI State bank Name of State O Trust company O Stock savings bank O Mutual savings bank Minnesota O Private bank • 1. Name of bank First State Bank 2. Date organizedDec.8,1908 Town or City Date suspendedsLan 3. Federal reserve district PeqUOt County Crow Win_g 4921Population of town or city* 550 Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank S 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. .v 6. Condition figures, as of (date*) 1-11-21 Loans and discounts: On real estate Other $77,559.96 Total loans and discounts 2,837.15 Real estate acquired in satisfaction of debts 272.42 Investments 8,978.00 All other resources 89,647.53 Total resources $10,000.00 Capital 5,000.00 Surplus and undivided profits Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings $20,356.66 26,852.11 $ 47,208.77 Total deposits Borrowings from F. R. bank 25,289.90 Borrowings from other banks All other liabilities 72 Total liabilities 7. Has this bank been reopened? . iff 44/-‘ G7 5 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: Per cent of loss to claims Amount of loss 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. ... Preferred claims. General claims. ... Total claims. . . . 10. Has this bank been finally liquidated? Yes If so give: Dec. 4, 1929 Date liquidation was completed Collections: s 50,581.08 From liquidation of assets 5,521.18 From assessments on shareholders Other collections (explain)Int on daily balances 633.80 $56,736.06 Total collections $ Offsets to claim (loans paid, etc.) 1,453.20 Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund $4,852.83 $4,852.83 ____ $4 s 852.83 100% General claims.... 47,981.37 132613.69 I .. ____ 13,613.69 289490- -24-70F,t Total payments Per cent of payments to claims allowed Secured claims Preferred claims n-C1----131-1-1-s-- i -25.-i-289-.9 - 0 Total claims...1. :::••"."2-1!":"=:11. ‘-rnfoT;"4(2Fal' --c —""" ---.. -- . :: ; l4-1 * . -1 "rAmigy" T 2„ 9- 3Nt ,20 1 i i kl into, 5-9 I iiAlic,62. - 3St ell) 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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify).. Q.Z= . assets X 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? Statutory a.RRAR qment If so, give dates and amounts of all assessments 000; Assessment ordered 5-2-23 • #610 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 L Name of State State bank ri Trust company • Stock savings bank o Minnesota Mutual savings bank O Private bank • 1. Name of bank First State Bank 2. Date organized 2-28-06 Date suspended 3. Federal reserve district Town or City 8-5-29 Perley County 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. Norman 300 6. Condition figures, as of (date*) 8-5-29 Loans and discounts: On real estate Other $ Total loans and discounts 125,929.70 12,720.00 Real estate acquired in satisfaction of debts \ 2(z) 10,444.25 0 Investments (8,184.71 All other resources $157,278.66- /4118 1 8/7 Total resources $20,000.00 Capital 4,000.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings ) $50,311.43 70,705.07 $ 121,016.50 Total deposits Borrowings from F. R. bank 16,867.50 Borrowings from other banks • All other liabilities $167,884.00 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. • 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: 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? If so give payments to date: Yes (Amounts in dollars) Claims allowed Dividends paid from collections Payments from Total payments Per cent of payments to claims allowed cOMITV1 a vance Secured claims. . . 88,150.31 Preferred claims.. 1,897.09 100% 0 1,897.09 100% c-- 43,050.35 1,897.09 102 487.58 rS 8,150.31 88,150.31 43,050.35 $ r-: ,1 cYfinfiVginisay !,irlowli 4: -------&---- -- ...4O 3 ?' . Total claims. . H 10. $16,.867.5016,867.5G-— ) L, a ci .1 J Has this bank been finally liquidated? -- .1,1 4 10 .c-ii. 1 - ' If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Depleted reserve Other causes, (specify) X 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 25% - $5 000 - 6-3-24 If so, give dates and amounts of all assessments P-lid 6-14-24 Statutory assessment $20,000 Assessment ordered 10-10-2 411 #1479 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 L 361 National bank Name of State State bank DI Trust company • Stock savings bank El Mutual savings bank Yinnesata O Private bank • 1. Name of bank Pierz State Bank 2. Date organized 3172 -- 0 3. Federal reserve district Date suspended 7 Town or City Pi TZ County 1-30-24 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. Mn rri son 600 6. Condition figures, as of (date*) 1-30-24 Loans and discounts: On real estate Other $ 58,053.92 Total loans and discounts Real estate acquired in satisfaction of debts Investments W/1 ,011 8 3.7 All other resources $9-2147-26-6.97474,1 Total resources $10,000.00 Capital 2,000.00 Surplus and undivided profits Deposits: Due to banks** )$ Demand deposits, including U. S. Govt. deposits $9,502.13 Time deposits, including postal savings 18,106.62 $ 25,608.75 Total deposits Borrowings from F. R. bank 7,500.00 Borrowings from other banks 29,512.75 All other liabilities VA 621.50 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. • 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: 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? 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. . . . 10. Has this bank been finally liquidated? Date liquidation was completed Yes If so give: 12-16-29 Collections: $ 26,443.05 From liquidation of assets 900.00 From assessments on shareholders Int on daily bal Other collections (explain) 44.77 $271 387.82 Total collections Offsets to claim (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from VIRMIXXXSIX Total payments Per cent of payments to claims allowed collateral Secured claims _ - . $292.88 $292.88 $418.40 . 0 Q y 807.79 ,, 2 General claims. .. Gen )1-B111s ..E..4...-vie• "z• - 75------____- '.."....-- - , --=-44T9 -0.' . - • 4,str.• 56 2. . ------_,...... — NM L„.„........ -,• 4 ,.,,,,:........-•-•'- __, ill Redi 3. Total claims. . V. , - 70% Preferred 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 Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drought, 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) Name 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? No If so, give dates and amounts of all assessments Statutory assessment $10,000; Assessment ordered 9-17-25 • #688 FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CIIAIN 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 Minnesota O Private bank 1. Name of bank Sta te 2. Date organized Bank of PinP Islanlown or City 8.-5-07 Date suspended 3. Federal reserve district P trW—T-ELIII1Ctounty Goodhue 5,26-24 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. 950 6. Condition figures, as of (date*) 5-28-24 Loans and discounts: On real estate Other $ 646,783.52 Total loans and discounts 17,922.75 Real estate acquired in satisfaction of debts Investments 1v.6. 3S (50,393.33 All other resources $-7-16-FG4a.-6497/4,3.6../8 Total resources $10,000.00 Capital 25,000.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings ) $67,844.30 613,508.68 $ 681,352.98 Total deposits Borrowings from F. R. bank • Borrowings from other banks All other liabilities IL352.98 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: Per cent of loss to claims Amount of Toss 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 . c". Secured claims. .. . . Preferred claims.. . , g 2,455 3 General claims.. ..i664,538.0 4. • g2) 455.37 232,624.53 Total payments - Per cent of payments to claims allowed • 2,455.37 100% 232,624.53 35% . . Total claims:. . 666,993 4 , 2 ? 6d `r'4— 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 claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify). Q $ j,37.e.NOXth.13.81c.cita . inv.e at111 er t8 X 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? No If so, give dates and amounts of all assessments Statutory assessment $101000, Assessment ordered 11-28-25 • #1155 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 ‘`o ,(1 National bank SI State bank Ei z.$10 Name of State Trust company 11] Stock savings bank El Mutual savings bank M inne sofa LI Private bank 1. Name of bank Farmers State Bank 2. Date organized 1-23-15 Date suspended Town or City Pine 12-3-29 3. Federal reserve district River County 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. Cass 600 6. Condition figures, as of (date*) 12-3-29 Loans and discounts: On real estate Other $ $79,435.34 Total loans and discounts 4,067.28 Real estate acquired in satisfaction of debts 21,589.27 Investments 21,740.60 All other resources 126,832.49 Total resources $20,000,00 Capital 4000.00 Surplus and undivided profits Deposits: )$ Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings $76,226.31 23,363.78 $ 99,590.09 Total deposits Borrowings from F. R. bank Borrowings from other banks 2,000.00 All other liabilities / 7. Has this bank been reopened? -1,,z1,4.,40 101,5.90 09 -340,337—•41 Total liabilities 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: 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 gmantiyAnild Total payments Per cent of payments to claims allowed collateral Secured claims. . .. $28,817.9 $21,965.45 $21,965.45 76% 3,465.71 3,465.71 100% 32465. 1 Preferred claims. .. r ....is 58,006. 1 17,465.09 .... . Ammo,$0 290. 3 117,q(1i- . . , Total claims. ... -492, 6 17,465.09 2,000.00 3 10 • Ili/if 4 . 0 L1 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 claim (loans paid, etc.) Payments to depositors: (Amounts in dollars) Dividends paid from collections Claims allowed _ Secured claims Preferred claims General claims. . .. Total claims 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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Depleted reserve Other causes, (specify) X 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 ' 40% - Voluntary $4 800 - 4-18-21 Statutory assessmant $20,000 Paid ,4 - Assessment ordered R-27-30 er #627 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 E Name of State State bank Trust company O Stock savings bank O Mutual savings bank Minnesota O Private bank • 1. Name of bank_Plainview State Bank 2. Date organized 8-1-08 3. Federal reserve district Town or City Date suspended_3-4-25 7 Plainview County Population of town or city* Member or nonmember of F. R. Systetn 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. Wabasha 1500 6. Condition figures, as of (date*) 3-4-25 Loans and discounts: On real estate Other $ 696,481.34 Total loans and discounts 17,400.00 Real estate acquired in satisfaction of debts Investments All other resources 74-e-raer31-fiv4iq.11 v Total resources $30,000.00 Capital 30,000.00 Surplus and undivided profits Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings $101,845.68 530,394.09 $ 632,239.77 Total deposits Borrowings from F. R. bank ••••••••• 572940.00 Borrowings from other banks All other liabilities ...III NW... • 0,179.77 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. • 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? If so give payments to date: Yes (Amounts in dollars) Claims allowed Dividends paid from collections __ Payments from 4f,rmyrt ugfi x i cgiiateral & advance Per cent of payments to claims allowed Total payments Secured claims Preferred claims.$ 05,424.82 $105,424.82 .4General claims. :12 804.76 215,162.24 - - -,--0 . - 00 Gen 01—Bills P. , .1. 76,169.58 - - 12) - 77— 2 . Total claims : • 10. Has this bank been finally liquidated? $105 424.82 ) . 215) 162.24 7- -9,407. , -00 -- --i, 940 57 ; -i;:. 100% 35% - 3:00go , If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims . Preferred claims. .. General claims Total claims. ... 0q2 Cdoir 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, drought, 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) Name 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? No If so, give dates and amounts of all assessments Statutory assessment $30,000; Assessment ordered 10-19-25 • #1374 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 E:1 National bank la , Name of State [1] State bank FJ Trust company ▪ Stock savings bank o o Mutual savings bank Minnesota Private bank 1. Name of bank 2. Date organized Farmers State Bank 9-4-17 3. Federal reserve district Date suspended Town or City _81826 7 Plummer Population County 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. Red Lake 300 6. Condition figures, as of (date*) 8-18-26 Loans and discounts: On real estate Other $ Total loans and discounts 79,107.78 3,416.65 Real estate acquired in satisfaction of debts Investments 1 All other resources 632..92 1/ MI/ / 6-9'871-64-erZ& 1)3, ' Total resources $12,000.00 Capital 174.36 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings ) 25,379.32 51,984.44 $ 77,363.76 Total deposits Borrowings from F. R. bank 13,050.00 Borrowings from other banks mar mmr 11•10•0•• All other liabilities $90,413• 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. • 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? Yes (Amounts in dollars) Claims allowed Dividends paid from collections General claims. . . Cl-Bills Pay Total payments Per cent of payments to claims allowed collateral __ Secured claims. ... .$6,479.97 Preferred claims. Payments from xmlunArdsisi & advance , $6,479.97 71,006.46 21,544.78 13,050.0 - $6,479.97 •b $13,050.00 Total claims. . . .1,• ., . .i - 11 )H V-43 10. Has this bank been finally liquidated? 100% 21,544.78 13,050.00- 3 10 -- .3 a hLiir? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name 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? No If so, give dates and amounts of all assessments Statutory assessment $12,000* Assessment ordered 11-0-26 • #519 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 ink 9E% Name of State State bank 0 Trust company O Stock savings bank O Mutual savings bank Minnesota O Private bank • 1. Name of bank First State _Bank 2. Date organized 10-24-04 3. Federal reserve district Town or City Date suspended_7-14-3 0 7 Plummer County_Red--Lak-e- 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. 300 6. Condition figures, as of (date*) 7-14-30 Loans and discounts: On real estate Other 110,522.15 $ Total loans and discounts 12,933.96 Real estate acquired in satisfaction of debts \ Investments 10,339.04 $ // q.q 3 (7 968.84 All other resources $141,7cal-aeq4083-iv Total resources $102 000.00 Capital 5,000.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings ) 49,00308 71,449.96 $ 120,453.04 Total deposits Borrowings from F. R. bank 6,430.88 Borrowings from other banks All other liabilities $1 4 883.92 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 Per cent of loss to claims Loss to depositors on: 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 xmlintotx5mk collateral $9,192.24 . Secured claims. . . . $9 2 192 24 i Preferred claims. .. 11 2 121.09 120.58 450.63 6,430.88 Cl—Bills Pay' Total claims..$1.21 ,194.84_ 7..X.=-. 2, ",l i =3. General claims.. ..r94 P - , 10. Has this bank been finally liquidated? , Date liquidation was completed , $3,709.19 5, I ' 119, Total payments Per cent of payments to claims allowed $9,192.24 100% 120.58 1% 3,709.19 58% 9. /6 \ (1. Is 'J_ . /0• 7 If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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. . .. 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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Poor paper Other causes, (specify) X 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? No If so, give dates and amounts of all assessments Statutory assessment $10,000; Assessment ordered 11-7-30 • #538 FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CIIAIN 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 aC] State bank • Trust company O Stock savings bank O Mutual savings bank Minnesota O Private bank • 1. Name of bank 2. Date organized Security State Bank 1-3-05 Date suspended 3. Federal reserve district Town or City 5-29-25 Population of town or city* Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank • Princeton county Mille Lacs Outside city of parent bank** ..------- 4---- 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. 2000 6. Condition figures, as of (date*) 5—.29-25 Loans and discounts: On real estate Other. $ Total loans and discounts 539,808.90 27,532.07 Real estate acquired in satisfaction of debts 4,420.00 131. t19,994.39 Investments All other resources 501,755.31544k. o f Total resources $32,000.00 Capital 4,000.00 Surplus and undivided profits Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits $182,559.63 369,322.27 Time deposits, including postal savings $ 551,881.90 Total deposits Borrowings from F. R. bank 4,805.00 Borrowings from other banks • All other liabilities ; Total liabilities 7. Has this bank been reopened? ,686.90 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: 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) Claims allowed Secured claims. . . 4,330.21 • ..•:',/,',r,i,, , • - - ,.. _- Total payments $7,103.42 4 I 330.21 Per cent of payments to claims allowed 100% 100%____ , 106,321.96 4,805.00 • Tota1-elaims-4 - • - :! ccT a era]. 8, advance 4,330.21 General claims. . . - 31,540.31 1 ; -0-1---B1- -1s- P- Payments from $7,103.42 .. $7,103 4 Preferred claims . . Dividends paid from collections 106,321.98 20% -"T h .9 --- • 4- --...,805,00 $ ' n ,1 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 claim (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, drought, 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) Name 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 75% - $24,000 If so, give dates and amounts of all assessments Paid 3-1-2 4 Statutory assessment $32,000, Assessment ordered 3-6-26 • #976 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 50 Name of State State bank O Trust company ▪ Stock savings bank O Minnesota Mutual savings bank O Private bank • A e an 1. Name of bank Amen can State Bank 2. Date organized 10-2-11 Date suspended 3. Federal reserve district Ranier Town or CityCounty 8-14-28 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. Koochiching 380 6. Condition figures, as of (date*) 8-14-28 Loans and discounts: On real estate Other $ 49,804.06 Total loans and discounts 8,531.10 Real estate acquired in satisfaction of debts 16,224.24 lo Investments 14,870.69 All other resources $89,430.09 Total resources 15,000.00 Capital 1,500.00 Surplus and undivided profits Deposits: Due to banks** $ $31,816.57 Demand deposits, including U. S. Govt. deposits 25,992.00 Time deposits, including postal savings $ Total deposits 57,808.57 Borrowings from F. R. bank 7,500.00 Borrowings from other banks .1V All other liabilities $er ciR = " 48 57gi, 43o.ocf Total liabilities Yes If so give: 7. Has this bank been reopened? Date of reopening 12-13-28 Name under which reopened Loss to depositors on: the same Amount of loss Secured claims None Preferred claims None General claims Per cent of loss to claims 1/111 .1110•••I. ••••• 60% 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 claiins 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) 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? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify)......P.QQ.r. as.s?ts X 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 50% - 410,000 - 12-1-24 If so, give dates and amounts of all assessments Paid 3-6-25 • #1440 FEDERAL RESERVE COMMITTEE ON BRANCIL 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 [2] State bank O Trust company O Stock savings bank O Mutual savings bank Minnesota O Private bank • 1. Name of bank 2. Date organized Citizens State Bank 7-2-19 Date suspended 3. Federal reserve district Town or CityRed 1-10-24 Lake Falunty Red Lake 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. 1550 6. Condition figures, as of (date*) 1-10-24 Loans and discounts: On real estate Other $ 210,870.96 Total loans and discounts Real estate acquired in satisfaction of debts miir /Wadi GOP 2,681.66 Investments 22,It71;3 l 1 71 All other resources 40 4 ,1760.34Y ,3 " - Total resources $25,000.00 Capital 5,000.00 Surplus and undivided profits Deposits: Due to banks** $ 35,999.87 Demand deposits, including U. S. Govt. deposits 136,908.79 Time deposits, including postal savings $ 172,908.66 Total deposits Borrowings from F. R. bank Borrowings from other banks 25,000.00 All other liabilities 12,420.00 $244D,328.66 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. 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: Per cent of loss to claims Amount of loss Secured claims Preferred claims General claims Total Ye8 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 cOTTIng Total payments . $3,270.39 Per cent of payments to claims allowed & advance Secured claims. . Preferred claims. . ,. 327039 4,. 327039 71,764.02 120,234.82 ....,................ .. C1-Bi11s Pay 25 000.00 __- General claims. Total claims. .4 milalalffekifAgrAl AIM ..Immuainre a - 000.00 - 120,234.82 -arq-000.ilo 100% 70% --,00%._—., ---- 7 P 7 ' '.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 claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Depleted zes.erve X 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? No If so, give dates and amounts of all assessments Statutory assessment $25,000, Assessment ordered 3-22-25 410 #273 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 ri State bank [1:1 Trust company O Stock savings bank O Mutual savings bank O Private bank Minnesota • 1. Name of bank Merchant 2. Date organized 6-1-1899 S ate Bank Date suspended Town or City 2-2-23 3. Federal reserve district Red Lake Falaainty Red Lake 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. 1 550 6. Condition figures, as of (date*) 2-2-23 Loans and discounts: On real estate Other. $ 269,692.63 28,915.30 Total loans and discounts Real estate acquired in satisfaction of debts 9,963.92 Investments g,ggt;t1 is All other resources $334,C71 Total resources $25,000.00 Capital 10,000.00 Surplus and undivided profits Deposits: Due to banks** ) $ Demand deposits, including U. S. Govt. deposits $51,551.00 Time deposits, including postal savings 210,040.92 $ 261,591.92 Total deposits Borrowings from F. R. bank 39,500.00 Borrowings from other banks 9,963.92 All other liabilities 0,055.84 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. • 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: Per cent of loss to claims Amount of loss 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 atittXMOrgettl I Total payments Per cent of payments to claims allowed collateral • Secured claims. . . . Preferred claims...$1,895.96 1,895.96 General claims.. . 248,.206.86 62,056.08 Gen C1-Bills Pay. Total claims. . 1. • .8 •---. - ,i z.., 7.- --- av 10. Has this bank been finally liquidated? Date liquidation was completed /...-- - $1,895.96 100___ /-62,056.08 tt.'00 Cri:0-0-. ... - I _ ,; ., -- c s -,- ,.. 25% ________ . - If so give: Collections: From liquidation of assets Froth assessments on shareholders Other collections (explain) Total collections Offsets to claim (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims Total claims Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed 11. Causes of suspension: Check in the appropriate column those of the following which apply, either as primary or contributing causes, amplifying the indicated causes with such supplementary data as may be available. Primary cause Decline in real estate values. e.$sive..r.eal.e.stat.e.loans Contributing cause X Losses due to unforeseen agricultural or industrial disasters such as floods, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) 41, 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 suspen- • sion? 12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the bank suspended? No Statutory AssBosment If so, give dates and amounts of all assessments 25 OW' AR.s.pRAmprit ordered 12-31-24 • #1244 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 E State bank Name of State O Trust company '377 O Stock savings bank O Mutual savings bank Minnesota O Private bank 1. Name of bank 2. Date organized Farmers State Bank 2-28-16 3. Federal reserve district Date suspended 7 Town or City Redwood Falbzunty 2-3-26 Population of town or city* 1ember 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. Redwood 3000 6. Condition figures, as of (date*) —3-26 Loans and discounts: On real estate Other $ 108,720.45 Total loans and discounts 17, 806.35 Real estate acquired in satisfaction of debts Investments . ..Me..am. / g4 (10,516.31 1 -— $131,043710tV1 i All other resources Total resources $25,000.00 Capital 5,000.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings ) $46,662.71 45,726.85 $ 92,389.56 Total deposits ••••••••••••••111. Borrowings from F. R. bank 2,500.00 Borrowings from other banks 14,339.55 All other liabilities $159,229.11 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 Per cent of loss to claims Loss to depositors on: Amount of loss 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. . . . Preferred claims. . . General claims Total claims. .. . 10. Has this bank been finally liquidated? Date liquidation was completed Yes If so give: 10-8-30 Collections: 52,604.07 $ From liquidation of assets 7,663.64 From assessments on shareholders 342.59 Other collections (explain) $60,610.30 Total collections $ Offsets to claim (loans paid, etc.) Payments to depositors: $4,631.74 (Amounts in dollars) Claims allowed Dividends paid from collections Payments from mwmigelfgeriI Total payments Per cent of payments to claims allowed cr $3,540.93 100% 0 16;-839r., 27,426.80 -1-6.;-8-B9.55 31.6% 10010 / collateral advance Secured claims Preferred claims General claims pagint z " • . $3,540.94 $3,540.93 86,793.64 83975 -87' Qin 3 39,57 27,426.80 ctwl.i3 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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Frozen assets & depleted reserve X 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? Ye8 If so, give dates and amounts of all assessments 504 - $12,500 Paid J.2-17-21 30% - $7,500 - 4-7-24 - All paid but $2,000 - 3-24-24 40% - $10,000 - 12-9-24 - $9 281.59 Paid 6-8-25 4 Statutory assessment $25,000, Assessment ordered 2-7-27 #486 FEDERAL RESERVE COMMITTEE ON BRANCII, 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 3 State bank • Trust company p Stock savings bank EJ Mutual savings bank Minnesota O Private bank • 1. Name of bankStat e Bank of - • ••i••• 2. Date organized 6-7-04 Town or City Date suspended 3-29-26 3. Federal reserve district Richmond County 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** city • 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. Stearns 650 3-29-26 6. Condition figures, as of (date*) Loans and discounts: On real estate Other $ 190,818.44 Total loans and discounts 26,378.14 Real estate acquired in satisfaction of debts 8,467.32 Investments i All other resources 14,11?.97 /4 / 31v,81 4 14-'&74-1-5-.-8-7-3 4 Total resources $10,000.00 Capital 12,000.00 Surplus and undivided profits Deposits: Due to banks** )$ 35,648.45 Demand deposits, including U. S. Govt. deposits 168,364.42' Time deposits, including postal savings $ 204,012.87 Total deposits Borrowings from F. R. bank mime/m. 00 15,300.00 Borrowings from other banks • IMO ...My ..MI• All other liabilities $241,312.87 Total liabilities 7. Has this bank been reopened? Yes Date of reopening 2-14-27 Name under which reopened Loss to depositors on: Secured claims Preferred claims General claims If so give: the same Amount of loss Per cent of loss to claims None ••••••••••••,..... None •/•/.• IMO .1.0 75% 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 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? Date liquidation was completed If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify).F.rozen . a s.s s..&. e.p ted..re.se.rir X Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry Ell 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? Yes 100/0 - $10,000 - 10-2423 6 (t 2 If so, give dates and amounts of all assessments Paid. 12-26-23 - • 746 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 6? r] National bank Name of State • State bank LI Trust company LI Stock savings bank o Minnesota Mutual savings bank O Private bank • 1. Name of bank—Fain=s State Bank 2. Date organized -3408 Date suspended 3. Federal reserve district Town or City Risiaville County 8-2-2_6_ Population of town or city* 30Q 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. Otter Tail 6. Condition figures, as of (date*) 8-2-26 Loans and discounts: On real estate Other 89,309.84 $ Total loans and discounts 295.27 Real estate acquired in satisfaction of debts 10,000.00 Investments 13 . 9,ZY41 All other resources , ±4 9.914-279-4-85-10/40s. a Total resources $10,000.00 Capital 2,000.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings ) $48,044.40 32,615.86 $ Total deposits Borrowings from F. R. bank 1•411.M...II•••••• 16,560.25 Borrowings from other banks 688.07 All other liabilities $11 1908 58 . Total liabilities 7. Has this bank been reopened? 80,660.26 If so give: Date of reopening Name under which reopened Loss to depositors 011: 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 Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections $9,506.11 3,309.98 Preferred claims Per cent of payments to claims allowed $9,506.11 $9* 506.11 3,309.98 100% 3,309.98 10017______ 11,504.04 0 2 , 60':25-- ---100 6 -LA 1- ,560725 _,.. , • - 57,520.21 11,504.04 -. Cl-Bills Pay -1455-513o:25 General claims 4 • ! - • - - ,- Aji (r ,' t)‘ : Total claims Total payments collateral -&-acivarrce- ____ Secured claims. .. Payments from )ongeftthrgilm ' z.- ,-; v I' • Fi 6,,.7. • •. , 0 4 -1. r7 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 claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify)..... .... X 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? No If so, give dates and amounts of all assessments Statutory assessment $10 0003 Asesstment ordered1-2-18-26 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 7 ) . National bank Name of State X] State bank O Trust company O Stock savings bank O Mutual savings bank Minnesota O Private bank • 1. Name of bank Peoples State Bank 2. Date organized -19 3-17 Date suspended Rochester 8-17-21 Population of town or city* 17,000 3. Federal reserve district County 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. Olmsted Town or City 6. Condition figures, as of (date*) 8-17.21 Loans and discounts: On real estate Other. $ 312,496.10 Total loans and discounts Real estate acquired in satisfaction of debts 4,300.00 Investments 25,970.40 /4,70.5%83 C6 503S1,37v.33 S I. All other resources Total resources Capital 50,000.00 Surplus and undivided profits 10,000.00 Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits 116,699.31 Time deposits, including postal savings 128,673.02 $ 245,372.33 Total deposits Borrowings from F. R. bank Borrowings from other banks 52,000.00 . . fj1 All other liabilities $.567,372.33 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 butstanding. • 8. Has this bank been taken over by another bank? Yes If so give: Olmsted County Bank, Rochester for purpose of liquidation Oct. 19, 1921 Name of bank by which taken over Date taken over Loss to depositors on: Amount of loss Per cent of loss to claims None IcIng, Preferred claims None lion General claims None Secured claims $ Total 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? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Mismanagement Other causes, (specify) X 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? No If so, give dates and amounts of all assessments • #1056 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 37-1 Name of State • Trust company O Stock savings bank O Mutual savings bank Minnesota O Private bank • 1. Name of bank Farmers State Bank 2. Date organized' 10 1-13 Date suspended 3. Federal reserve district Town or City Rock Creek 2-7-23 County Pine 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. 150 6. Condition figures, as of (date*) 2-7-23 Loans and discounts: On real estate Other $ Total loans and discounts 92,601.63 4,958.80 Real estate acquired in satisfaction of debts Investments V,/3v.91 / 9,419.75 All other resources f‘ 8i-Gertail 09,/13 ' Total resources $10,000.00 2,500.00 Capital Surplus and undivided profits Deposits: Due to banks** )$ Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings $21 ,538.45 61,674.70 $ 83,213.15 Total deposits Borrowings from F. R. bank 14,000.00 Borrowings from other banks •••••••••••••••11111 , All other liabilities . VD?1/13 15 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 Per cent of loss to claims Loss to depositors on: Amount of loss 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. . . . Preferred claims. General claims. . . . Total claims. . .. Ye$ If so give: 10. Has this bank been finally liquidated? -8630 Date liquidation was completed Collections: $ 76,287.52 From liquidation of assets 6,235.05 From assessments on shareholders Int on daily bal Other collections (explain) 1,600.91 $84,123.48 Total collections $ Offsets to claim (loans paid, etc.) Payments to depositors: 7,342.35 (Amounts in dollars) Claims allowed _ Secured claims Preferred claims .9iVaiTs. 01 Total claims. .. Dividends paid from collections A . $26.9, $26.94 _71,187.7 . 51,454.05 ANIWAT:v: : !. 114M1 go . ___,,--- ....... _. -- Wi / , nirom tajvis Ifill NM tera & advance f , Total payments Per cent of payments to claims allowed • $26.94 --1--4. ' 0 I tt• 100% 51 454.05 -----r-- 11i2-5''. lir? . . ..41 (.-r-- - • • .---1 ..- :: : 1101.1° 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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Depleted reserve Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry fp 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? No If so, give dates and amounts of all assessments Statutory assessment $10,000; Assessment ordered 4-7-25 • #1346 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 pg r r`t 's Name of State State bank 1. ;1 1 O Trust company O Stock savings bank O Mutual savings bank Ej Private bank Minnesota • 1. Name of ban 2. Date organized Farmers State Bank 5-31-17 Date suspended Town or City 3-29-28 3. Federal reserve district Rock ford County 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. Wright 350 6. Condition figures, as of (date*) 3-29-28 Loans and discounts: On real estate Other $ 62,381.60 Total loans and discounts 14,681.36 Real estate acquired in satisfaction of debts 5,704.80 4430 8. k3,239.14 Investments All other resources (1 . . $106,00C -go/06, Total resources 4, $10,000.00 Capital 2,000.00 Surplus and undivided profits Deposits: Due to banks** )$ Demand deposits, including U. S. Govt. deposits ) 30, 603.13 61,672.61 Time deposits, including postal savings $ 922275•74 Total deposits MIER ••••••• Borrowings from F. R. bank 2,400.00 Borrowings from other banks All other liabilities ••=. .11.M. OM. IA04675.74 Total liabilities 7. Has this bank been reopened? • If so give: Date of reopening Name under which reopened Loss to depositors on: Secured claims Amount of loss Per cent of loss to 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: Per cent of loss to claims Amount of loss Secured claims Preferred claims General claims Total YesIf 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 graganWingt Total payments Per cent of payments to claims allowed collateral '3,698.85 Preferred claims.. $3,698.85 r- $3,698.85 100% 9,327.39 Secured claims. ... 6 9,327.39 100% 9 I 327.39 . ). Generaaims.4 85,645.78 l cl Gen 01-Bills Pa 59,956.45 ---g- ',400. ' 59) 956.45 r 7400- 00---; ai400.00 . Total claims. . 70% i ------ ,c 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 claim (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections Secured claims Preferred claims General claims Total claims ovt-0,q0,49- reterw.Lrc CCO 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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Lost larKe lawsui%,bank then closed by officers. Other causes, (specify) X 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 100% - 410,000 - 12-5-24 50% - 4; 5,000 - 11-18-25 If so, give dates and amounts of all assessments Letter 7-1-25 Paid 3-2-26 Statutory assessment 410,000; Assessment ordered 6-21-26 #690 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 XI State bank O Trust company • Stock savings bank O Mutual savings bank Minnesota O Private bank 1. Name of bank State Bank of Rockford Town or City y 2. Date organized 87-07 Date suspended_12-28-25 3. Federal reserve district Rock ford County 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. Wright 350 12-28-25 6. Condition figures, as of (date*) Loans and discounts: On real estate Other $ 244,714.72 Total loans and discounts Real estate acquired in satisfaction of debts 23,185.86 Investments 48,461.43 All other resources 21,553.04 $337,915.05 Total resources Capital $25,000.00 5,000.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits ) $47,839.09 234,147.39 Time deposits, including postal savings $ Total deposits ONO GM. Borrowings from F. R. bank All other liabilities 3g.61-6-74-74-833741‘° If so give: Yeo 5-5-26 Name under which reopened Loss to depositors on: 111 11 349 . 1.0 Total liabilities Date of reopening WWII 24,688.00 Borrowings from other banks 7. Has this bank been reopened? 281,986.48 the same Amount of loss Secured claims None Preferred claims None Per cent of loss to claims General claims MOM MI.0.11.,M110 30% 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: Anzount 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. . . . 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 claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) trepleted reserve Other causes, (specify) X 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? No If so, give dates and amounts of all assessments • #1011 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 drl% 9'? : 0 National bank Name of State X] State bank O Trust company O Stock savings bank O Mutual savings bank Minnesota O Private bank • 1. Name of bank First State Bank 2. Date organized 10-2-12 3. Federal reserve district Date suspended 7 Town or City Roosevelt 8-7-30 County 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. Roseau 250 6. Condition figures, as of (date*) —— 8730 Loans and discounts: On real estate Other $ 58,615.27 Total loans and discounts 4,400.00 Real estate acquired in satisfaction of debts 14 800.00 SO 4 '; 1 Investments All other resources / $00,156.80 88 388.40, Total resources $10,000.00 Capital 3,000.00 Surplus and undivided profits Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits 42,087.08 Time deposits, including postal savings 30, 631.13 $ Total deposits 72,718.21 Borrowings from F. R. bank 2,670.19 Borrowings from other banks All other liabilities 388.40 dg, Total liabilities 7. Has this bank been reopened? • GINN. 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: 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 Per cent of payments to claims allowed Total payments /4i:)(f i, -i - . Secured claims.. . . $20 -989---z1- $14 209.24 $14,209.24 MO,: 0- 449.59 100% tr . — ---- p Preferred claims 449.z9 449.59 57708.4 Total claims.... .#14:0: 4 i.8a7818 -.3" k"1, 1 11 - : . Nfr • 110411Pilittallt ' 19 A 10. Has this bank been finally liquidated? — ' . I i. 60— 7 ) If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Poor paper Other causes, (specify) X Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry 40 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? Yes 100% - $10,000 If so, give dates and amounts of all assessments - 6-30-28 Paid 9-29-29 Statutory assessment $10,000; Assessment ordered11-7-30 • #438 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 pci Name of State State bank ‘ 71 LI Trust company LI Stock savings bank o Mutual savings bank Minnesota o Private bank • 1. Name of banIFar & Mer State Bank Town or City Roseau County Roseau tqa_3 2. Date organized Date suspended 1-14-26 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. 1200 1-14-26 6. Condition figures, as of (date*) Loans and discounts: On real estate Other $ 153,654.84 Total loans and discounts 16, 289.61 Real estate acquired in satisfaction of debts , 34,969.97 \I ti 360-1 ( 28,685.81 Investments All other resources $2351 G00-.33Y*6.900.40 Total resources $25,C00.00 Capital 10,000.00 Surplus and undivided profits Deposits: Due to banks** )$ 62,977.67 Demand deposits, including U. S. Govt. deposits 133,922.73 Time deposits, including postal savings $ 196,900.40 Total deposits .11=0 Or. Borrowings from F. R. bank 10,000.00 Borrowings from other banks ••••••••••••1.41.1• All other liabilities $20,900.40 Total liabilities 7. Has this bank been reopened? Date of reopening Secured claims Preferred claims General claims If so give: 7-7-26 Name under which reopened Loss to depositors on: Yes the same Amount of loss Per cent of loss to claims None None •MIDAIM••••• =Mar 35% 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. . .. 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 claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Depleted reserve X Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry 40 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? Do No If so, give dates and amounts of all assessments S. 272 ? 4 #1480 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 State bank 0 Trust company Stock savings bank El Mutual savings bank o Private bank Minnesota • 1. Name of bank 2. Date organized Farmers 5-3-20 Town or City Date suspended 9-9-30 3. Federal reserve district Ros em aunt County Dakota 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. 310 6. Condition figures, as of (date*) 9-9-30 Loans and discounts: On real estate Other Total loans and discounts $ 65,882.80 Real estate acquired in satisfaction of debts Investments .11.••.111•0.~ 13,461.17 All other resources 79 $,343.97 Total resources 15,000.00 Capital 3,000.00 Surplus and undivided profits Deposits: Due to banks** )$ Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings 21,062.41 39,286.48 $ Total deposits 60,348.89 Borrowings from F. R. bank Borrowings from other banks All other liabilities $&e5-548.89 Total liabilities 7. Has this bank been reopened? 79,3st3,.77 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: 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) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed Secured claims. . . . 665,76 $6,731.9! General claims. .. . 50,861.8 $57,593.84 Total claims Preferred claims / ) 1 ' i: 9% ,665.76 il . 6, I, 6 t # . 1 . 10. Has this bank been finally liquidated? >ee..*- If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Poor paper X 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 11-3-23 - 10% (Vol) - $150° Statutory assessment $15,000, Paid 4-21-24 • #1448 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 [l] National bank Name of State L State bank o Trust company El Stock savings bank O Mutual savings bank o Minnesota Private bank 1. Name of bank Farmers State Bank 2. Date organized 8-16-19 __Town or City Rosewood. Date suspended 3-24-24 3. Federal reserve district courityMar shall 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. 75 6. Condition figures, as of (date*) 3-24-24 Loans and discounts: On real estate Other. Total loans and discounts $ 32,720.56 Real estate acquired in satisfaction of debts 212.35 Investments 176.00 110,141 ' :9g All other resources $44. 4i;t2,..mi,Gibri 7 „4.1 Total resources $10,000.00 Capital 2,000.00 Surplus and undivided profits Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings $11,042.76 12,068.83 $ Total deposits 23,111.59 Borrowings from F. R. bank 9,500.00 Borrowings from other banks • All other liabilities 1. , 1 tt,611.59 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. • 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: 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) Claims allowed Dividends paid from collections Payments from rauggitxtath Per cent of payments to claims allowed Total payments collateral - Secured claims. .. $1,443.14 Preferred claims. $1,443.14 ..4 . 1z? 4,_. clap-st li l 9.giyils rIs . 7 975.94 • 7,975.94 ---$43„zala.Jaa_____R;5co,oc —L-1---27-----------' lvitairiZvAPICS, Total claims $1,443.14 100% 45er 1 e4 . ' --------- q 10. Has this bank been finally liquidated? Date liquidation was completed )9 f , 9 / If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Depleted reserve Other causes, (specify) X Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry ip 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? No If so, give dates and amounts of all assessments Statutory assessment $10,000; Assessment ordered 10-10-27 • #805 FEDERAL RESERVE CONIMITTEE 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 Ex State bank O Trust company O Stock savings bank O Mutual savings bank Minnesota O Private bank • 1. Name of bank 2. Date organized First State Bank 4-28-08 3. Federal reserve district Date suspended 9 Town or City othsay County Wilkin 400 10-30-23 Population of town or city* Member or nonmember of F. R. System None 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*) 10-30-23 Loans and discounts: On real estate Other 2 e 3 I 2.57 Total loans and discounts Real estate acquired in satisfaction of debts 8,500.00 Investments 1,300.00 23,283.69 All other resources $4307.8, 6.26`13/,39G.2.6 9 Total resources $15,000.00 Capital 12,500.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits $85,399.59 Time deposits, including postal savings 189,422.48 $ Total deposits 274,822.07 / Borrowings from F. R. bank 129,074.19 Borrowings from other banks All other liabilities • ••••41•111.... 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. • 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: 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? 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. 10. Has this bank been finally liquidated? Date liquidation was completed Yes If so give: 6-5-30 Collections: From liquidation of assets $ 180,907.13 From assessments on shareholders Int on daily bal, claim Other collections (explain) And unlisted asset Total collections 3,300.00 3,119.08 $187,326.21 Offsets to claim (loans paid, etc.) $ 15,749.65 Payments to depositors: (Amounts in dollars) Claims allowed Secured claims --... Dividends paid from collections Payments from guaranty fund Total payments — ---....... — .....—..... Per cent of payments to claims allowed —........ $2,874.72 $2,874.72 __— $2,874.72 100% 066.38 79,077.85 General clajins. ... 252) ___ 79 y 077.85 31.37% Preferred claims y Total claims. . . .• .:,--- ---S'q 34/ ./ C) J'77- "7 ----:- : - 3-",-- -:— - . 1 —• v. ,/, ,,) -, 3;-. . 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, drought, 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) Name 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 $14,000.00 Paid 1-22-22 Statutory assessment $15,000, Assessment ordered 4-30-25 • #406 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 J State bank 0 Trust company O Stock savings bank O Mutual savings bank Minnesota O Private bank • 1. Name of bank Far & kter Sta_t_e_Bank 2. Date organized 1-8-03 Town or City Date suspended 9-29-30 3. Federal reserve district Russell County 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** t--- 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. Lyon 350 9-29-30 6. Condition figures, as of (date*) Loans and discounts: On real estate Other $ Total loans and discounts 190,794.77 20,943.83 Real estate acquired in satisfaction of debts , 16,319 89 Investments 81 02,364,43 All other resources 44/ $459,393.02v43, .71 4 Total resources $30,000.00 Capital 6,000.00 Surplus and undivided profits Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits $87,522.78 Time deposits, including postal savings 127, 005.01 $ 214,527.79 Total deposits Borrowings from F. R. bank 3,141.00 Borrowings from other banks • All other liabilities i,668.79 $21 Total liabilities 7. Has this bank been reopened? Date of reopening Yee If so give: 3-23-31 Name under which reopened the same Amount of loss Loss to depositors on: Secured claims $ Per cent of loss to claims None Preferred claims None General claims —....-- 60% 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 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? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Secured claims Preferred claims General claims. Total claims.. Total 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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Poom.paper X Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry ID 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? Ye S 75% - i$22,500 - 12-19-24 33 1/3% - $10,000 - 4-60-29 If so, give dates and amounts of all assessments Paid 15-11-25 • #884 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 t).L1 E. National bank ] Name of State CE State bank o Trust company • Stock savings bank O Mutual savings bank o Minnesota Private bank • 1. Name of bank Rut hton State Bank 2. Date organized 2-28-10 3. Federal reserve district Date suspended 7 Town or City 4—16-25 County 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** • Rut ht on ..------ t----- 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. Pip Qstone 400_____ 6. Condition figures, as of (date*) 4-13-25 Loans and discounts: On real estate Other $ 115,088.38 Total loans and discounts 31,703.04 Real estate acquired in satisfaction of debts 2,101.02 Investments 1 1 1 22,2143 All other resources alti.4 $171, Total resources $25,000.00 Capital Surplus and undivided profits Deposits: Due to banks** $ $48,967.93 Demand deposits, including U. S. Govt. deposits 97,226.28 Time deposits, including postal savings $ 146,194.21 Total deposits Borrowings from F. R. bank MOM, mm• Borrowings from other banks • All other liabilities emOrIlmagime••• $11(1,194.21 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. 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: 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? 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. . 10. Has this bank been finally liquidated? Date liquidation was completed Yes If so give: 2-19-30 Collections: $ From liquidation of assets 17,524.48 From assessments on shareholders Int on daily bal Other collections (explain) 105,569.27 1,803.61 $124,897.36 Total collections $ Offsets to claim (loans paid, etc.) 6,765.63 Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections $3,302.86 $3,302.86 Payments from guaranty fund Total payments Per cent of payments to claims allowed Secured claims Preferred claims . $3,302.86 General claims '38,827.64 103,930.85 103,930.85 Total claims $ 1 42,130.50 /()7,2--1-7 ) - /57 2-3g------ 100% 74.85% 75. 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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Depleted reserve Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry . 4 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) Ye S If so, give dates and amounts of all assessments 50% - $12,500 - 7-17-22 6010 - 15,000 - Paid 12-19-23 Statutory assessment $25,000, Assessment ordered 9-25-25 • #431 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 EX State bank 28 0 Trust company El Stock savings bank 0 Mutual savings bank Minnesota O Private bank • 1. Name of ban 2. Date organized Farmers State Bank 7-1-03 3. Federal reserve district Date suspended . Town or City St Bonifaciueounty Hennepin 7-31-23 7 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. 350 7-31-23 6. Condition figures, as of (date*) Loans and discounts: On real estate Other $ 84,324.65 Total loans and discounts 5,815.61 Real estate acquired in satisfaction of debts Investments ••••••••••••••••• 11,307.36 All other resources / - 7 re $ae-1 -444- vaio3$4 48 Total resources $20,000.00 Capital 5,000.00 Surplus and undivided profits Deposits: )$ Due to banks** Demand deposits, including U. S. Govt. deposits 19,929.12 Time deposits, including postal savings 56,916.36 $ 76,845.48 Total deposits Borrowings from F. R. bank IMO. Ma,OR 2,000.00 Borrowings from other banks Wm. All other liabilities 8 $78,845.40/03,8414 Total liabilities 7. Has this bank been reopened? Date of reopening y AS If so give: 10-16-23 Name under which reopened Loss to depositors on: 411110 the sane Amount of loss Per cent of loss to claims Secured claims None ...1.1 0,•••••1111. . Preferred claims None . 411•1••••••=.•1111 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. . . 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 claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Frozen a se.P't X Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry 41 , 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? 771„, No If so, give dates and amounts of all assessments • #937 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 10 State bank O Trust company O Stock savings bank O Mutual savings bank Minnesota O Private bank • 1. Name of bank Farmers State Bank 2. Date organized -2111 3. Federal reserve district Date suspended__ 9 Town or City _St,__ClOUd____County 2-1.5-24 Population of town or city* 23,000 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. Stearns Name_ 6. Condition figures, as of (date*) 2-15-24 Loans and discounts: On real estate Other $ 600,337.25 Total loans and discounts Real estate acquired in satisfaction of debts 10,826.97 Investments 14,989.39 All other resources 807.72 39, $665,961.33 Total resources $50; 000.00 Capital 10,000.00 Surplus and undivided profits Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings $179,187.02 316,908.48 $ Total deposits 496,095.50 Borrowings from F. R. bank 109,865.83 • Borrowings from other banks All other liabilities $665,961.33 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 clainis 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 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 efff2fTTE Total payments Per cent of payments to claims allowed & advance Secured claims. . ____ MIMPIIIM".• MMON•allOr Preferred claims. 1,11 910.82 General claims. 57 2425.40 . 155---s• . 45,742.54 ___ $11,910.82 Gen Cl—B.P. • I A Total claims =NO! 11,910.82 100% _—_ 45,742.54 10% 33: 0 89,133.80 - - 101 - - $ .. . 'LI , ...• . : .. 26.3 is 0 • • G :CT) 10. Has this bank been finally liquidated? Date liquidation was completed (7, If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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. ... Claims short 27K, represented by offsets 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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Depleted reserve Other causes, (specify) X Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry 411 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? NO Statutory assessment If so, give dates and amounts of all assessments 450,000- Assessment ordered 8-7-26 • 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 ri National bank 4rt Name of State DO State bank • • Trust company o o o Stock savings bank Mutual savings bank 1,11innesota. Private bank • 1. Name of bank Farmers State Bank 2. Date organized 8-2-15 3. Federal reserve district Date suspended 7 Town or City 8-29-27 St ,Hilaire County 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. PenninRton 500 6. Condition figures, as of (date*) 5-29-27 Loans and discounts: On real estate Other $ 68,304.14 Total loans and discounts 10,400.00 Real estate acquired in satisfaction of debts 12,477.14 Investments 1 a vl.r. 4# (12,u50.98 All other resources $a-es,232.2Cflaya7.if Total resources $12,000.00 Capital 4,000.00 Surplus and undivided profits Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings )$ 26,237.49 ) 57,224.26 $ 83,461.75 Total deposits ••••=...10.110 Borrowings from F. R. bank 7,046.00 Borrowings from other banks AIM NM. All other liabilities 6/64,507.75 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 Per cent of loss to claims Loss to depositors on: 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) Claims allowed Dividends paid from collections Payments from Total payments Per cent of payments to claims allowed i ntAl e — Crt & advance Secured claims. ... Preferred claims.. General claims. . Cl-Bul Total claims. . . 10 053.63 ' $10,053.63 0- $10,053.63 100% 333.68 333.68 or 333.68 100% 72 699.68 1 "rilai irimAl ". 43 623.79 Lr- 1 7046401 43) 623.79 -046.4-00 60% —1430fr-- I1 sitII I PIIIII- garWalalar:A111[11W. \\ i 10. Has this bank been finally liquidated? Date liquidation was completed ro (,...r, - If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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 1, cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Lack of reserve X 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? No If so, give dates and amounts of all assessments Statutory assessment $12,000* Assessment ordered. 13-22-27 • #1378 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 7 Name of State Pt State bank 49 O Trust company O Stock savings bank O Mutual savings bank Minnesota O Private bank • 1. Name of bank Farmers State Bank Town or City St.Joseph 2. Date organizecL 9-14-17 1-28-25 Population of town or city* _ Date suspended 3. Federal reserve district County /1ember 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. Stearns 823 6. Condition figures, as of (date*) 1-28-25 Loans and discounts: On real estate Other $ Total loans and discounts 130,511.38 Real estate acquired in satisfaction of debts 2,997.84 Investments 10,026.29 All other resources $143, 535.51 Total resources $20,000.00 Capital 1,000.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings $28,689.06 77,560.70 $ Total deposits 106,249.76 Borrowings from F. R. bank Borrowings from other banks 6,500.00 All other liabilities • yr7,07 7 cci , ( $11-3 ,71.9-r-7-6/43 3 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. • 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: 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) Claims allowed Dividends paid from collections Payments from 111113eftftril Per cent of payments to claims allowed Total payments collateral -&—larilrearaer— Secured claims. . . $4,581.6 Preferred claims General claims. . 1—Bills Pay. $4,581.61 $4,581.61 103,407.8: 72,395.52 6,500.01 Total claims. . „ .• 500.00 100% 72,395.5 6 p 500.0 70% 100% c" y 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 claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Depleted reserve X 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 504 - $10 000 - Paid 6-26-24 , $4,040 Paid -1-22-25 Statutory assessment 420,000; Assessment ordered 10-30-25 • 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 0 National bank M Name of State State bank O Trust company O Stock savings bank O Mutual savings bank Minne sota O Private bank • 1. Name of bank St. Martin Stat e Bank 2. Date organized 8-4-14 Date suspended Town or City 11-26-23 3. Federal reserve district St. Martin county Stearns 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. 175 11-26-23 6. Condition figures, as of (date*) Loans and discounts: On real estate Other. 163,934.78 Total loans and discounts Real estate acquired in satisfaction of debts •••• aim an.=MD 3,583.23 Investments 23,097.75 All other resources $190,615.76 Total resources $10,000.00 Capital 1,000.00 Surplus and undivided profits Deposits: Due to banks** )$ Demand deposits, including U. S. Govt. deposits $15,327.08 Time deposits, including postal savings 164,258.10 $ 179,585.18 Total deposits Borrowings from F. R. bank Borrowings from other banks -.361-(8 All other liabilities $1491-545.18/44/1776 Total liabilities 7. Has this bank been reopened) Yes Date of reopening 9-22-24 Name under which reopened Loss to depositors on: If so give: the same Amount of loss Secured claims None Preferred claims None General claims Per cent of loss to claims •••• WINO •••••1•111 , .1111.4.11.0.••••••• 65% 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) Dividends paid from collections Claims allowed 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? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (loans paid, etc.) Payments to depositors: (Amounts in dollars) Dividends paid from collections Claims allowed _ Secured claims Preferred claims General claims. .. . Total claims. .. . 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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Montana investments X 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' No If so, give dates and amounts of all assessments • #1524 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 EJ State bank E] Trust company o Stock savings bank Name of State 79 . Minnesota O Mutual savings bank o Private bank 1. Name of bank Broadway State Bank 2. Date organized 5-21-23 Date suspended 3. Federal reserve district Town or City . St Paul County 4-14-26 Population of town or city* 250,100 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. Ramsey 6. Condition figures, as of (date*) 4-14-26 Loans and discounts: On real estate Other $ 187,534.29 Total loans and discounts 2,550.00 Real estate acquired in satisfaction of debts 11 436.22 Investments 31,'t7 4 :97 All other resources ( -1 38,43 p.71/ 2 7 -1-r48 , -34 74 Total resources $25,000.00 Capital 5,000.00 Surplus and undivided profits Deposits: Due to banks** )$ Demand deposits, including U. S. Govt. deposits ) „;127,969.51 56,617.21 Time deposits, including postal savings $ 184,586.72 Total deposits •••• WM.•••••"Mgr Borrowings from F. R. bank 23,850.00 Borrowings from other banks Nan. 0111•...•••••• All other liabilities 28,436.72 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. 41 If so give: 8. Has this bank been taken over by another bank? Name of bank by which taken over Date taken over Per cent of loss to claims Loss to depositors on: Amount of loss 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. ... Preferred claims. .. General claims. . . . Total claims. ... 10. Has this bank been finally liquidated? Date liquidation was completed YeS If so give: 9-19-30 Collections: $ From liquidation of assets 11,133.30 From assessments on shareholders Other collections (explain) 108,571.72 Claim & Int on daily bal 1,889.48 $121,594.50 Total collections $ 31,264.83 Offsets to claim (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections 3.10,022.50 $10,022.50 1,878.75 74,560.58 Secured claims Preferred claims 1 Ci-119----Pa -23-85-$4$ : _ r.L.4 Total claims • ".:—• -11: I 6 -)3/f, 73 sam 1 'maw Ci e. --4a3,850.00. —71;t:brio ,, Total payments Per cent of payments to claims allowed $10,022.50 100% 1,878.75 Collg ' ';'' " il a' & advance 1,878.75 General claims... i 42,833.48 Payments from 100% 74,560.58 24850.00-- 10$°. i i i).,,..:? /.9„.. , ) Uoi l-ilp1.9)3 5‘).. 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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) assets & depleted reserv Other causes, (specify) Frozen X 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? No If so, give dates and amounts of all assessments Statutory assessment $25,000; Assessment ordered 9-3-26 • FEDERAL RESERVE COMMITTEE ON BRANCII, 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 LI State bank El Trust company (With Banking Powers) LI Stock savings bank 0 Mutual savings bank D Private bank MINNESOTA • 1. Name of bank Capital Trust & Savings Bank Town or City 2. Date organized 1890 3. Federal reserve district Date suspended 5 3-24 - 9th 4. Number of branches operated: In city of parent bank St. Paul County Population of town or city* 271h606 Nonmember 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 close filiated with Capital National Bank, St.Paul* * 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. Ramsey Jo 6. Condition figures, as of (date*) May 3, 1924_ Loans and discounts: $ 3,818,535.16 On real estate 526 672.13 Other $ Total loans and discounts 4,345,207.29 Real estate acquired in satisfaction of debts 365,754.29 Investments 470,363.56 All other resources 682,620.54 Total resources Capital 500,000.0O__ Surplus and undivided profits 122,549,84 Deposits: 0 Due to banks** 648.213.09 Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings $ Total deposits 4,713,207.91 Borrowings from F. R. bank None Borrowings from other banks None All other liabilities 521.187.93 I• Total liabilities 5,863,945,68 ki ) 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. ,r! 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 Yee 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections Preferred claims. .. Total payments , 0 Secured claims Payments from guaranty fund 89,194.34 _89,1'i General claims.. .. 4,874920 '9 3,505„440.A3 4 763 Total clairns.. .. _ , No 100 Sy505s 4404 88_ , , 4f." J 10. Has this bank been finally liquidated? Per cent of payments to claims allowed . 76 3-C- 1,j. c" If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name 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' Yea If so, state what industry or type of agriculture Grain rmin What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 1920 —1921 12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the bank suspended? Yee If so, give dates and amounts of all assessments _Stockholders liability of 100%_was levied after closing and ordered paid October 1,1924. alk #1431 FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CIIAIN 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 E] National bank Name of State E State bank El Trust company • Stock savings bank O Mutual savings bank Minne sota O Private bank • 1. Name of bank 2. Date organized Foshay State Bank 3-21-19 3. Federal reserve district Date suspended 9 . St Paul Town or City County Ramsey 11-1-29 Population of town or city* 250,100 Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank__ Outside city of parent bank** • ••••4WD — 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 6. Condition figures, as of (date*) 11-1-29 Loans and discounts: On real estate Other 160,937.92 $ Total loans and discounts Real estate acquired in satisfaction of debts •••••••• r)- . 4 Investments 86,561.50 22,492.43 All other resources $269,991.85 Total resources $40, 000.00 Capital 4,000.00 Surplus and undivided profits Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits $161,284.46 62,099.23 Time deposits, including postal savings $ Total deposits --- Borrowings from F. R. bank 1,795.11 Borrowings from other banks 813.05 All other liabilities $269,991.85 .e Total liabilities 7. Has this bank been reopened? 223,383.69 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: 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) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed $39,245.8 $39,245.86 _...— $39,245.86 100% , . 255368 . 22,449 39 --- 22,449.39 87.9% General claims. . .. 135,484.6 96 t 118.23 —....— 96 I 118.23 65% 200,267.2 157,813.48 ___ 157,813.48 78.8% Secured claims.. Preferred claims - Total claims 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 claim (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections Secured claims Preferred claims General claims Total claims. . . 23M short on claims $20,759.10 offset 1,895.87 unclaimed deposits 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, drought, 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) Name of correspondent (Name) .41S. .Co,. 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? 100% Yes - S40 000 - 7-20-26 If so, give dates and amounts of all assessments Paid 6-27-27 Statutory liability $40,000. Assessment ordered 1-17-30 • #1250 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 Utj State bank O Trust company O Stock savings bank El Mutual savings bank Minnesota O Private bank • 1. Name of bank Great Nor State Bank 2. Date organized 5-6-16 3. Federal reserve district Town or City St•Paul Date suspendect_12-29-26 7 County—RaT8eY 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. 250,100 6. Condition figures, as of (date*) 12-29-26 Loans and discounts: On real estate Other $ Total loans and discounts 421,645.43 16,219.41 Real estate acquired in satisfaction of debts 124,645.43 Investments 52,390.70 All other resources $614,900.97 Total resources $45,000.00 Capital 5,000.00 Surplus and undivided profits Deposits: Due to banks** )$ Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings 195,520.51 . 346,064.41 $ 541,584.92 Total deposits •••••••• UM/•=1 , Borrowings from F. R. bank 15,000.00 Borrowings from other banks Pg4.0c All other liabilities $556 - - 4-1 9e-36 8 4/4 /00•/7 ) 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. • 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: 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? If so give payments to date: Yes (Amounts in dollars) Claims allowed Dividends paid from collections 22,948.3 Secured claims Preferred claims... (;" 22,948.36 . 352 7 7) Payments from Dmtx/flout ct trateral Ai 7,352.73 o e; General claims.... 472,820.8 a 01---Bi11s --P 283,727.68 • ; - ---15 p 000 0i --.----Q-: - ---- Total claims.. !, : . ' ? k` - I _ _ 4 10. Has this bank been finally liquidated? AIN --- $15 ..000- 00.. : Total payments Per cent of payments to claims allowed $22 948.3 ) 100% 7,352.7 100% 60% 283,727.68 1 - -0007.0 ----- 55 10012 -. -7 , :6Z 7)., — . - PT1 5 0 P ,-----.g' ----- , 3 1 . 7 If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, -(specify) Frozen assets X 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? Yes $37 500 - 10-6-24 If so, give dates and amounts of all assessments 31,75 Statutory_Assessiaent $45,000 Pd 7-28-25 Date ordered 5_31_27 #1207 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 Drj State bank O Trust company O Stock savings bank O Mutual savings bank Minnesota O Private bank • 1. Name of bankProduce Exchange Bank 2. Date organize Town or City County Ramsey Population of town or city* 250,100 Date suspended 3. Federal reserve district St.Paul 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. 6. Condition figures, as of (date*) 12-13-27 Loans and discounts: On real estate Other $ 140,993.93 Total loans and discounts 7,870.00 Real estate acquired in satisfaction of debts 100,701.50 Investments 41,387.09 All other resources $290,952.52 Total resources ,25,000.00 Capital 5,000.00 Surplus and undivided profits Deposits: Due to banks** )$ Demand deposits, including U. S. Govt. deposits ) $125,642.11 135,201.00 Time deposits, including postal savings 0260,843.11 Total deposits Borrowings from F. R. bank Borrowings from other banks • —47,41/ All other liabilities orse7.843.11 Total liabilities 7-947, Yes 7. Has this bank been reopened? Date of reopening 5-7-28 Name under which reopened Loss to depositors on: If so give: the same Amount of loss Per cent of loss to claims None AWN , Secured claims None ma.•••• Preferred claims General claims None NNW •••••••• •=11. 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 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? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name 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 40 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? ‘,-) S .' No 2 If so, give dates and amounts of all assessments . • 047 FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CIIAIN 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 ex:8 0 National bank Name of State gJ State bank O Trust company O Stock savings bank O Mutual savings bank Minnesota O Private bank 1. Name of bank Ra.msey County State BankTown or City 2. Date organized 4-1-09 3. Federal reserve district Date suspended 7 3-23-26 St Paul . County Rams ey 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. 250,100 6. Condition figures, as of (date*) 3-23-26 Loans and discounts: On real estate Other $ 697,932.65 Total loans and discounts / 143,665.34 Real estate acquired in satisfaction of debts S Investments . 336,854.70 217,526.69 All other resources $1 395,979.38 Total resources $80 000.00 Capital 10,000.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings $390,503.71 901,925.53 1,292,429.24 Total deposits a•M•••••••••IIII. Borrowings from F. R. bank Borrowings from other banks /31f‘, -7 14 All other liabilities $1-5-44.2-;429-rF4 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 Yes 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Secured claims. . . Dividends paid from collections 18,038.53 $18,038.53 Total payments Per cent of payments to claims allowed $18,038.53 100% 19,252.75 L, 19,252.75 100% I. 66 946,172.91 .3, 924.172.91 -1490 , 9X1,;161/. .7 4 72 Preferred claims. . 19,252.75 General claims.1 Payments from guaranty fund ' Total claim$1 ' • " :q S 11 i 10. Has this bank been finally liquidated? Date liquidation was completed if, If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) * Other causes, (specify) Depleted re serve X 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 100% - $80,000 (Vol) 3-6-24 - Statutory assessment $8_0,000* Paid 6-6-24 Z " Z Z 4 ". 8 • - • #540 FEDERAL RESERVE COMMITTEE ON BRANCII, 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 Gc] State bank 0 Trust company O Stock savings bank O Mutual savings bank Minnesota O Private bank • 1. Name of ban1Far & 2. Date organized Mer State Bank 1-16-05 Date suspended 3. Federal reserve district Town or City St VinCent County 12-19-23 Population of town or city* 1\lember 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. Kitteon 350 6. Condition figures, as of (date*) 12-19-23 Loans and discounts: On real estate Other $ Total loans and discounts 133,977.58 Real estate acquired in satisfaction of debts 9,250.00 Investments 5, 528.59 All other resources $148,756.17 Total resources $15,000.00 Capital 7,000.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits 34,791.26 Time deposits, including postal savings 72,172.50 $ 106,963.76 Total deposits Borrowings from F. R. bank 19,200.00 Borrowings from other banks —4-1/ 11/ All other liabilities ,1&378/481( , 4. 7 Total liabilities 7. Has this bank been reopened? 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 Per cent of loss to claims Loss to depositors on: 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) Claims allowed Dividends paid from collections Payments from ATTIOngri Per cent of payments to claims allowed & advanoe , • Secured claims. ... 694.28 $7, General claims...99 000.82 :1—Bills Pay -maanillIPIWA Total claims. . IYA•imilAtialliff• .44. 7 $,694.28 19,773.63 Preferred claims.. Total payments ..!. ,r4m;apia; 7,694.28 100% 19,773.63 a ° 20% ' 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 claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify).. . Deplete.d. reserve X 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 typo 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? No If so, give dates and amounts of all assessments Statutory assessment $15,000, Assessment ordered August 27,'25 111 # 3 6 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 0 National bank 3 58 Name of State State bank El Trust company 0 Stock savings bank 1:1 Mutual savings bank Minnesota 0 Private bank 1. Name of bank 2. Date organized State Bank of Sa rgeant Town or City 814-06 Date suspended 3. Federal reserve district 2 -Lr_2_6 Sar E.Esilt County 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. Mower 79 12-21-26 6. Condition figures, as of (date*) Loans and discounts: On real estate Other Total loans and discounts $ 69,599.27 4,403.68 Real estate acquired in satisfaction of debts ems •••• MOM Investments // q/4 1.10Li (6,763.60 All other resources ei97-746-13.&iy,b.4.17 Total resources 10,000.00 Capital 2,000.00 Surplus and undivided profits Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits )6 ) $24,309.61 29,539.18 Time deposits, including postal savings $ Total deposits 53,848.79 =MD alM Borrowings from F. R. bank 16,837.40 Borrowings from other banks All other liabilities b.19 Total liabilities 7. Has this bank been reopened? Date of reopening If so give: 10-31-27 Name under which reopened Loss to depositors on: Yes the same Amount of loss Secured claims None Preferred claims Per cent of loss to claims None General claims 70% 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 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? Date liquidation was completed If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Depleted.reserve Other causes, (specify) X 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? No If so, give dates and amounts of all assessments #1170 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 E State bank 0 Trust company El Stock savings bank O Mutual savings bank o Private bank Minnesota • 1. Name of bank 2. Date organized Sauk Rapids State Bank Town or City 58-15 Date suspended 3. Federal reserve district county Benton Sauk Rapide 10-4-28 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. 3,000 6. Condition figures, as of (date*) 10-4-28 Loans and discounts: On real estate Other $ 323,221.49 Total loans and discounts Real estate acquired in satisfaction of debts 65, 086.31 Investments 74,946.32 All other resources 22.,415f3f:.16'47 $486,834.7Gq-Y/// 01°3 Total resources 425,000.00 Capital 5,000.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits 123,787.07 Time deposits, including postal savings 312,627.43 $ 436,414.50 Total deposits Borrowings from F. R. bank 25,000.00 Borrowings from other banks 1,375.53 All other liabilities $412,790.03 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. 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: 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) Claims allowed Dividends paid from collections Payments from xmadattgata collateral Total payments Per cent of payments to claims allowed Secured claims... . $24,754.43 $19,640.38 u- $19,640.38 79% 9,173.42 r" 9,173.42 100% r 97,976.82 97,976.82 tr $25,000.00 25,000.00 , , ,, ,' _*), t-, '1 q _1 , i i; i .7 -1 i-. 100% Preferred claims. . . 9,173.42 391,384.16 en 01—Bills P. 25,000.00 . Total claims. . .. $450,-312 01 General claims.. . HDt (\ 1i;5, 3\ (,()'. 10. Has this bank been finally liquidated? Date liquidation was completed 25% 33.1 If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Depleted reserve X Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry 0 1 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? No If so, give dates and amounts of all assessments Statutory assessment $25,000, Assessment ordered 2-7-29 • #1324 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 Name of State a State bank LI Trust company Ei Stock savings bank O Mutual savings bank o Private bank Minzieso.ta • 1. Name of bank___._S_earle_s_.atate_Elank____ Town or City 2. Date organized 1—16-17 3. Federal reserve district Date suspended_ 9-6-24 Searles County 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. Browni 125 9-6-24 6. Condition figures, as of (date*) Loans and discounts: On real estate Other $ 145,756.85 Total loans and discounts 1,750.00 Real estate acquired in satisfaction of debts Investments 21,8tt 10 . All other resources $1.99 5-8652-1451// 4 /3 7 11 4 Total resources $10,000.00 Capital 3,500.00 Surplus and undivided profits Deposits: Due to banks** ) $ Demand deposits, including U. S. Govt. deposits $24,230.22 Time deposits, including postal savings 133,536.91 $ 157,767.13 Total deposits Borrowings from F. R. bank ••••• Borrowings from other banks ••••••••6••• All other liabilities y.13 Total liabilities 7. Has this bank been reopened? Date of reopening Name under which reopened Loss to depositors on: Yes If so give: 12-8-24 the same Amount of loss Secured claims None Preferred claims Per cent of loss to claims None General claims 40 , OM 4.0 25% 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? 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 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 If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (loans paid, etc.) Payments to depositors: (Amounts in dollars) Dividends paid from collections Claims allowed _ Secured claims Preferred claims General claims Total claims 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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Depleted reserve X Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry III 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? No If so, give dates and amounts of all assessments • #1302 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 g. schedule should be made out for each suspension. • Type of bank reported—check appropriate one of the following LI National bank E Name of State State bank Trust company LI Stock savings bank El Mutual savings bank o Private bank Minnesota 1. Name of bank Farmers State Bank Town or City 2. Date organized 11-9-16 12-4-23 Population of town or city* Date suspended__ 3. Federal reserve district Sebeka County Wadena 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. 700 6. Condition figures, as of (date*) 12-4-23 Loans and discounts: On real estate Other $ Total loans and discounts 143,579.17 Real estate acquired in satisfaction of debts Investments /11 0:ti ' ° "5 . 1 8 All other resources $157,02777Z/LW741' ' Total resources $10,000.00 Capital 6,000.00 Surplus and undivided profits Deposits: Due to banks** $31,587.78 Demand deposits, including U. S. Govt. deposits 67,757.07 Time deposits, including postal savings $ Total deposits 99,344.85 Borrowings from F. R. bank All other liabilities ',44205.07 1/ Borrowings from other banks 50t208.03 Rediscounts/ $4C757.95 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 Per cent of loss to claims Loss to depositors on: 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) Claims allowed Dividends paid from collections -- Secured claims. . . . amammtnat collateral —— $4,229.09 Preferred claims... $4,229.09 Payments from _~ 9 412.7 i General claims. ... 95, Gen C1-Bills Pay & Total payments — $4,229. OM Mir IMO 0*r..1011-1 " Redis Total claims. . . 154,054.9 *4,229.09 $54,41 3.10 '. • . 10. Has this bank been finally liquidated? Date liquidation was completed Per cent of payments to claims allowed -i 413;10 54 = S' 100% •MOII.I. If so give: '38% Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Depleted reserve X 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? No If so, give dates and amounts of all assessments Statutory assessment $10,000; Assessment ordered 2-9-25 • +440 FEDERAL RESERVE COMMITTEE ON BRANCII, 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 fjf State bank O Trust company O Stock savings bank O Mutual savings bank Minnesota O Private bank • 1. Name of bank 2. Date organized First State Bank 8-31-03 Date suspended 3. Federal reserve district Town or City 6-9-30 County Population of town or city* Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank • Seb eka ..---- 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. Wadena 700 6. Condition figures, as of (date*) 6-9-30 Loans and discounts: On real estate Other $ 117,614.73 Total loans and discounts 29,226.56 Real estate acquired in satisfaction of debts ?)() 11,750.00 Investments All other resources 9,513.82 188,105.11 Total resources $10,000.00 Capital Surplus and undivided profits Deposits: Due to banks** )6 Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings 71,362.09 60,740.17 $ Total deposits 132,102.26 , Borrowings from F. R. bank 15,341.00 Borrowings from other banks 119 ; ' , H7G- V4 644 3 9,19,36 All other liabilities 156, .e2 7/ /48 1/o4 1 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. 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) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed -- 20,953.8 $62 836.97 202853.87 ...9_ _.. 1 14 a $6,836.9 Secured claims Preferred claims ,General claims.. . Jen ul—b.lcay Total claims. . . r. . ,-4- — 14.541:04Fer : ,.PtiPt i $6,836.97 20) 853.87 .:0 lip$064.g. 1 V) C. 10. Has this bank been finally liquidated? • 100% `tb—Z5, IttITM - 6-4 -its'. /.O. 303. -ii 100% ,4tst- 1 10 ---wr771 If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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. •t Primary cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Lack of reserve Poor paper X X 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 20090 (Vol) $20,000 - 8-31-25 200ro $20,000 - 11-17-26 100% $10,000 - 10-22-27 100% '10,000 - 3-31-28 Paid 2-25-27 Pal a. 2-25-27 Paid 1-23-28 Canceled 4-26-28 200, 420,000 - 9-22=28 7 0 Paid 1-23-29 Statutory assessment $10,000, Assessment ordered 9-3-30 • 5 461 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 11 State bank Name of State El Trust company O Stock savings bank o o Mutual savings bank Minnesota Private bank • 1. Name of bank 2. Date organized Security State Bank 11-14-05 Town or City Date suspendecLA-20-22 3. Federal reserve district Shakopee County_SCDt Population of town or city* 2,200 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. 6. Condition figures, as of (date*) 4-20-22 Loans and discounts: On real estate Other $ 161,046.71 Total loans and discounts None Real estate acquired in satisfaction of debts 6,521.94 Investments 22,453.56 All other resources $190,022.21 Total resources $25,000.00 Capital 10,000.00 Surplus and undivided profits Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits $21,139.40 Time deposits, including postal savings 132,971.11 $ 154,110.51 Total deposits None Borrowings from F. R. bank None 47/1.lo •ig one Borrowings from other banks All other liabilities -110.FrI Total liabilities 7. Has this bank been reopened? go,o1/1-• 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. 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: 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) Claims allowed Dividends paid from collections 222.8 73,125.69 Secured claims. . . . 67,125.3 Preferred claims. . Total payments i 100% 100% 73,125.69 50% ,_, *I-. ; 97&/-- Total claims. . 1; 153,599•5 10. Has this bank been finally liquidated? Date liquidation was completed Per cent of payments to claims allowed $7,125.32 222.87 $7,125.32 222.87 General claims... 146,251.4 Payments from guaranty fund If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, boll weevil, etc. Insufficient diversification Incompetent management, i.e., poor credit judgment, laxity in collections, lack of enterprise, etc Defalcation Heavy withdrawals of deposits gailure of We194 & . was . panic Failure of affiliated institution (Name).vt X Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Outside investments 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 ___5*F524FIVe*=t2tgl. Statutory assessment $252000, Assessment ordered (1 2 ;4 25 • #1192 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 [XI State bank O Trust company O Stock savings bank 1:1 Mutual savings bank o ktinne so ta Private bank • 1. Name of bank Farmers State Bank Town or City SimpsonCounty Olmsted. 2. Date organized -8215 11-20-23 Population of town or city* Date suspended 3. Federal reserve district 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. 150 6. Condition figures, as of (date*) 11-20-23 Loans and discounts: On real estate Other $ Total loans and discounts 70,758.75 --- Real estate acquired in satisfaction of debts Investments frev..Z? All other resources • jg93 Total resources 7.IS' 1 $10,000.00 Capital 2,000.00 Surplus and undivided profits Deposits: Due to banks** $ $10,999.97 Demand deposits, including U. S. Govt. deposits 33,959.91 Time deposits, including postal savings $ 44,959.88 Total deposits / Borrowings from F. R. bank 16,500.00 .. Borrowings from other banks (P;,44;t_ 6k1?>, All other liabilities 7. Has this bank been reopened? 1033800 $93,797.88 Total liabilities • % /' 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 Per cent of loss to claims Loss to depositors on: Amount of loss 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: 5-12,8 Collections: $26,934.49 From liquidation of assets 7,274.13 From assessments on shareholders 637.01 Other collections (explain) $34,845.63 Total collections Offsets to claim (loans paid, etc.) $ 2,201.66 Payments to depositors: (Amounts in dollars) Dividends paid from collections Claims allowed Total payments jt terd & advance , . Secured claims Preferred clai s .. General claims. .. . $41,720.5 Cl-Bills Pay Payments from . t32 2 397.07 '1 6-Tra.(30:41)0 - ,, . $1.65-5e0--190 Total claims. . • • _S_...37t2;f=j!r_ .<5•efr. -- 6 r --5 1 - --- —FT-- -e r: Per cent of payments to claims allowed _ ,,..___ r---- .32 397.07 -13-75•00--M -1 , 1 C. %3 ?r, ' -4• 31,----- - -- 5-q. 11—g• 3Q;bc)1 0 c"( e4 L i . e- --0 10— T 17- 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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Depleted reserve 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 No If so, give dates and amounts of all assessments Statutory assessment $10,000, Assessment ordered 4-23-25 • #212 FEDERAL RESERVE COMMITTEE ON BRANCIL 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 pg o o o o Name of State State bank Trust company Stock savings bank Mutual savings bank Minnesota Private bank • 1. Name of bank Citizens State Bank 2. Date organized 6-2-1894 Town or City Date suspended 4-22-26 3. Federal reserve district Sla yton County 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. Murray 1,200 6. Condition figures, as of (date*) 4-22-26 Loans and discounts: On real estate Other $ 236,003.14 Total loans and discounts Real estate acquired in satisfaction of debts 56,568.17 Investments 12 893.54 All other resources 1 44 .56 ,C4-4-g-4-133Vl/A.1—/C Total resources $40,000.00 Capital 4,000.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits $67,715.76 Time deposits, including postal savings 185,978.13 $ 253,693.89 Total deposits AMMO , MM....110 I Borrowings from F. R. bank 30,000.00 Borrowings from other banks 4469.07 All other liabilities $334<262.96 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 Yes 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 Total payments Per cent of payments to claims allowed rrilt Al anni & a vance Secured claims. . . Preferred claims.. 83,427.28 244,181.0S $3,427.28 49,084.64 Ge Total claims. . 04 279,611.44. 1, ',.', I; I ',17, $3,427.28 100% 49 084.64 9— ' $32 003.07 , 32 003:07 ..! . 9 #45, •c,t1' 5- i .", 20% — 100f 0 6- _____ 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 claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify). a.Q &ç Sec depleted reserv X 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 -Yee bank suspended? If so, give dates and amounts of all assessments 100c/0 - $40 000 - 10-2524 $15,080 Paid towards Holding Co. 7-15-25 Statutory assessment $4o1 0091 Assessment ordered 6-1-27 • #140 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 xi State bank 0 Trust company O Stock savings bank O Mutual savings bank kinne.sota O Private bank • 1. Name of bank State Bank of Sleepy EyeTown or City Sleepy Eye 2. Date organized County 4-101891 Date suspended_ 10 -19-26 Population of town or city* 3. Federal reserve district 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. Brown 2750 6. Condition figures, as of (date*) 10-19-26 Loans and discounts: On real estate Other $ Total loans and discounts 491 487.39 39,606.89 Real estate acquired in satisfaction of debts s Investments 8,785.46 3 Zgt 0c 2.;3 All other resources ee74 6 0 -S4' 9/"I'ig 14 it5 7 Total resources $50,000.00 Capital 10,000.00 Surplus and undivided profits Deposits: Due to banks** )$ Demand deposits, including U. S. Govt. deposits $79,380.46 Time deposits, including postal savings 373,329.32 $ 452,709.78 Total deposits Borrowings from F. R. bank 48,000,00 Borrowings from other banks 8,300.00 All other liabilities $549,009.78 Total liabilities 7. Has this bank been reopened? Date of reopening Yes If so give: 9-1-27 Name under which reopened Loss to depositors on: the same Amount of loss Secured claims None Preferred claims Per cent of loss to claims None General claims •••• • 40% 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. .. . 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 claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify). .D.eple.terl. reserve 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 100% $50,000 - 7-15-25 If so, give dates and amounts of all assessments Letter 10-15-25 • #1255 FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CIIAIN 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 [X] State bank O Trust company El Stock savings bank El Mutual savings bank o Private bank Minnesota • 1. Name of bank Solway State Bank 2. Date organized 5-11-16 Date suspended 3. Federal reserve district Town or City Solway County 5=21.24____Population of town or city* Member or nonmember of F. R. System 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. Beltram i 200 6. Condition figures, as of (date*) 5-21-24 Loans and discounts: On real estate Other $ Total loans and discounts 60,964.69 8,130.36 Real estate acquired in satisfaction of debts 150.00 44734, (7,052.52 Investments All other resources SiLe—-&&7 -E , = .714-(41-14 Total resources $10,000.00 Capital 2,000.00 Surplus and undivided profits Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits $30,480.95 25,324.98 Time deposits, including postal savings $ 55,805.93 Total deposits Borrowings from F. R. bank ••••••••••••••• 10,757.03 Borrowings from other banks All other liabilities ••••••• AMMO NM. 562.96 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 Per cent of loss to claims Loss to depositors on: 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) Claims allowed Dividends paid from collections Payments from xmmtillimi collateral advance Secured claims. . . . Preferred claims.. . 3 1_9efffi cit s imr. ... $4,406.4° .- • $4,406.49 Per cent of payments to claims allowed . . 100% • • • • ... - •; Total claims.. . 1.• - • $4,406.49 Total payments . - ' ,\ 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 claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify).. .... P.D..4s.e et X Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry ilk 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 $1,920 - Paid 8-24-23 Statutory assessment $10,000; Assessment ordered 1-26-25 • #629 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 18 - National bank Name of State X] State bank 0 Trust company O Stock savings bank O Mutual savings bank Minnesota O Private bank • 1. Narrie of bank Fir St State Bank 2. Date organized 8-13-06 Date suspended 3. Federal reserve district Town or City_aQiith Haven County Wri 5-16-24 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. 375 6. Condition figures, as of (date*) 5J5-24 Loans and discounts: On real estate Other. $ 181,830.13 Total loans and discounts 4,787.22 Real estate acquired in satisfaction of debts Investments 4,114-• I 4. (11,299.07 All other resources 7, Total resources 3' $10,000.00 Capital 2,800.00 Surplus and undivided profits Deposits: Due to banks** )$ Demand deposits, including U. S. Govt. deposits $27,999.41 Time deposits, including postal savings 150,891.77 $ 178,891.18 Total deposits Borrowings from P. R. bank •••,•••••.ere 10,000.00 Borrowings from other banks 1,000.00 All other liabilities $2020,691.18 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 Per cent of loss to claims Loss to depositors on: 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) Claims allowed Dividends paid from collections Payments from 2untxrapaftipsti Total payments Per cent of payments I to claims allowed collateral • Secured claims. ... . $431.92 $431.92 $431.92 Preferredclaims...100% General claims. . Cl-Bills Pay Total claims. . 78 256.54 71 p 302.61 _= _.166.a. - . at. 71 302.61 1 J:C7'.00-00 • i.riii• .1.'41;t::. 10. Has this bank been finally liquidated? Date liquidation was completed 40. — --- • . If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments _ Secured claims Preferred claims General claims. . . . Total claims • 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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Deplp.ted ..zpArve Other causes, (specify) X 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? No If so, give dates and amounts of all assessments Statutory assessment $10,000; Assessment ordered 8-1-25 • #472 FEDERAL RESERVE COMMITTEE ON BRANCH, GROUP AND CUAIN 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 Ej National bank Name of State [3 State bank LI Trust company El Stock savings bank O Mutual savings bank o Minne so ta Private bank • 1. Name of bank 2. Date organized Green Lake State Bank Town or City Spicer 4-18-04 Date suspended 4-20-29 3. Federal reserve district County 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. Kandiyohi 300 4-20-29 6. Condition figures, as of (date*) Loans and discounts: On real estate Other 123,665.89 Total loans and discounts 15,580.78 Real estate acquired in satisfaction of debts 8,700.00 Investments Lgr:43 (12,180.40 All other resources $.1.69 14.7 7 ,47./6a lgv1-7o Total resources $10,000.00 Capital 2,300.00 Surplus and undivided profits Deposits: Due to banks** )$ Demand deposits, including U. S. Govt. deposits 42,039.69 Time deposits, including postal savings 90,284.40 $ 132,324.09 Total deposits Borrowings from F. R. bank 1,500.00 Borrowings from other banks 14,698.61 All other liabilities $14E422.70 Total liabilities 7. Has this bank been reopened? • Yes If so give: Date of reopenini1-15-29 the saTe Name under which reopened______1_ Loss to depositors on: Secured claims Amount of loss None AMMO 0..1111•1. ONO MIND MM. , Preferred claims General claims Per cent of loss to claims 0•1•••••.•41•111•• 60% 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 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? Date liquidation was completed If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Losses on poor paper X 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? Yes If so, give dates and amounts of all assessments 50% - 6'5,000 - 6-22-27 S. E. 12-2-27 50% - $5,000 - 1-26-29 See 3-19-29 /( 0 • #1150 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 a State bank O Trust company O Stock savings bank O Mutual savings bank Minnesota O Private bank • 1. Name of bank 2. Date organized State Bank of Spooner Town or City 1-6-15 Date suspended 5-10-27 3. Federal reserve district Spooner i ot' ._ County Lal ocasthe 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. 500 6. Condition figures, as of (date*) 5-10-27 Loans and discounts: On real estate Other 125,036.31 Total loans and discounts 10,060.86 Real estate acquired in satisfaction of debts 14,601.66 3 1-. 115,230.08 Investments All other resources $1€4. .44g_g3.1/48,511.11 7 Total resources $10,000.00 Capital 5,000.00 Surplus and undivided profits Deposits: Due to banks** )$ Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings ek. $44,491.61 87,174.21 $ Total deposits 131,665.82 ••••• Borrowings from F. R. bank e• 1110 22,235.95 Borrowings from other banks •••••• All other liabilities $48, 891.77 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. • 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: 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) Claims allowed Dividends paid from collections , Payments from f tilr4 i a,I 0 r. . Total payments Per cent of payments to claims allowed -z $2) 257.48 ci...1. •ms: zi 126 749.5' 9424 9ia 15, . Total elaims.. $2,257.4d 100% I 1,067.8 100% 13 235.18 1,067.8 Preferred claims. . r 1,067.87 257.4: Secured claims. . . . $2, a— 13,235.1 -- -560'7 -3 -$19 7.b.84 — .19 686A0 2 77 5."• ; 152*,310- --8 — — 1- - 9.4-- --- ---tit t 94 11, - i VI '1 ,1 I 10% - -—89 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 claim (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, drought, 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) Name 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? No If so, give dates and amounts of all assessments Statutory assessment 4104 .000' Assessment ordered 9-11-27 • #1242 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 • State bank O O O O Trust company Stock savings bank Mutual savings bank Minnesota Private bank 1. Name of bank Farmers State Bank 2. Date organized 217-16 Date suspended 3. Federal reserve district Town or City St een County 10-1-25 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. RO 250 6. Condition figures, as of (date*) 10-1-25 Loans and discounts: On real estate Other $ 125,446.00 Total loans and discounts 12,171.67 Real estate acquired in satisfaction of debts Investments 5,036.48 All other resources $142,654.15 / Total resources $25,000.00 Capital 900.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits $28,169.21 44,969.14 Time deposits, including postal savings $ 73,138.35 Total deposits Borrowings from F. R. bank 28 750,00 Borrowings from other banks So (14,320.00 All other liabilities $116,300s 3514vIt1 1( '4: Total liabilities 7. Has this bank been reopened? 4110 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: Per cent of loss to claims Amount of loss 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 Ye El If so give: 7-15-30 Collections: 50,869.65 From liquidation of assets 9,457.39 From assessments on shareholders Int on daily bal Other collections (explain) 692.72 S61,019.76 Total collections $ Offsets to claim (loans paid, etc.) 1,850.45 Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from xmcattrronem collateral Total payments 4 Secured claims. . ( 6 Preferred claims . - 4- 4 General claims. . Ge t Cl-Bills Per cent of payments to claims allowed $147.19 $147.19 73 533.27 21,292.91 -612E470 - -:7- -7)/ -,1 : P.A tiog - ..o# tHr.---7 7(0 44 ' , 35 6. S'o,a- ) 0 I , V ' .-1'34 -15:0- 1 ' . .19 ..); 21,292.9 --4-a-- n-0 --- f• 100% 28.2 10c" 7. ' 0 .5.6.: 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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Frozen assets and depleted reserve Other causes, (specify) X X 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 $12,500 Paid 12-22-22 Statutory assessment $25,000; Assessment Ordered 7-19-26 • #330 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 Mixmo.so.ta O Private bank • 1. Name of bank State Bank of Stephen 2. Date organized 7-6-01 Date suspended Town or City 6-10-25 3. Federal reserve district Stephen County 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. Marshall 600 6. Condition figures, as of (date*) 6-10-25 Loans and discounts: On real estate Other $ 190,155.11 Total loans and discounts 26,789.79 Real estate acquired in satisfaction of debts Investments 6,074.00 All other resources 9,956.64 $232,975.54 Total resources $25, 000.00 Capital 7,000.00 Surplus and undivided profits Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits...... ).. Time deposits, including postal savings $57,780.82 94,114.59 $ 151,R95.41 Total deposits Borrowings from F. R. bank 401923.26 13,L77.o3' 4,479.85 Borrowings from other banks All other liabilities $443-772Y3,//.C.64 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. • 8. Has this bank been taken over by another bank? If so give: Name of bank by which taken over Date taken over Per cent of loss to claims Loss to depositors on: Amount of loss 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. . .. Preferred claims. .. General claims. . .. Total claims. . .. 10. Has this bank been finally liquidated? Date liquidation was completed Yes If so give: Jan. 3, 1931 Collections: From liquidation of assets $61,805.50 4,136.00 From assessments on shareholders 1nt'on daily bal Other collections (explain) 357.17 $66,298.67 Total collections $ Offsets to claim (loans paid, etc.) 13,724.96 Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments ----- Secured claims Preferred claims $881.36 $881.36 41 584.90 5,369.18 General claims. 1 Oa-Ginn kr, i . :6745 " - ----r----- Per cent of payments to claims allowed I ZWAINIIII• ) L 'i - I / ' , ' ! • ; L . r , $881.36 100% . ..„--5,369.18 3.8% 46i -2-8,6-T45- -46,-286-45- ‘.------1.009/cr-1 . g , , .--' c4 •f/:- ,ciat.---,,,,, ..t . 4 L___ (e il5 0 i - 9 l'Ai lf . 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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Frozen aesets and dep1etea reaerve X X 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? Ye El 100% — $25,000 If so, give dates and amounts of all assessments Paid 1-13-25 Statutory assessment $25,000, Assessment ordered 10-24-25 • #1237 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 D National bank Name of State [X State bank LI Trust company LI Stock savings bank O Mutual savings bank o inne so ta Private bank • 1. Name of bank Farmers State Bank 2. Date organized 1-10-16 Date suspended_ Town or City Storden 12-L-26 3. Federal reserve district county_Cattomlood 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. 325 6. Condition figures, as of (date*) 12-1-26 Loans and discounts: On real estate Other $ Total loans and discounts 90,818.65 Real estate acquired in satisfaction of debts 7,191.04 Investments 4,000.00 I 1?_420.9 ' t °-"a : All other resources 7 4.347-se (8,0a , Total resources $15,000.00 Capital 3,000.00 Surplus and undivided profits Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits $16,653.55 57,117.15 Time deposits, including postal savings $ 73,770.70 Total deposits Borrowings from F. R. bank 20,473.29 Borrowings from other banks 6,207.59 All other liabilities $14451.58 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 Per cent of loss to claims Loss to depositors on: Amount of loss Secured claims Preferred claims General claims Total Yes Ye 9. Is this bank still in process of liquidation? If so give payments to date: (Amounts in dollars) Claims allowed Secured claims.... Dividends paid from collections Payments from cgrtnri & advance _._,-,-- $3,766.09 100% 2,756.78 LOS $3,766.09 $3,766.0° Per cent of payments to claims allowed Total payments _ Preferred claims. .. General claims.... —G1-131-1-1s—Pay 2,756.78 67,474.8: 20,473.2! Total claims. . . . 1:, • 4 -&-- 27,037.04 -_,,, , -c------. 7. 7 --c;--. .., .:1 ' A I m. $20,473.29 27 1037.04 2g,473.29- '3 - l S t4 40% ,..,.. 100%, .7 . 5- _42,,. q II 10. Has this bank been finally liquidated? Date liquidation was completed N If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Depleted reserve Other causes, (specify) X 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? No If so, give dates and amounts of all assessments Statutory assessment $15,000; Assessment ordered 9-17-27 • )'° 7 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 50 State bank El Trust company • Stock savings bank o o Linneapolis Mutual savings bank Private bank 1. Name of bank Farmers State Bank 2. Date organized 1-10-16 Date suspended 3. Federal reserve district Town or City 4-22-22 Storden County Co_ttonvto_od 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. 325 4-22-22 6. Condition figures, as of (date*) Loans and discounts: On real estate Other 292,328.62 Total loans and discounts Real estate acquired in satisfaction of debts None Investments None 13,674.39 All other resources $306,003.01 Total resources $15,000.00 Capital Surplus and undivided profits 9,000.00 Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits ) 49,767.79 145,226.58 Time deposits, including postal savings 194,994.37 Total deposits Borrowings from F. R. bank Borrowings from other banks 63,443.07 All other liabilities y3,41-17 $3.50,437.44.301.,003.0/ Total liabilities 7. Has this bank been reopened? Date of reopening Name under which reopened Loss to depositors on: Yes If so give: 11-3-23 the same Amount of loss Per cent of loss to claims Secured claims None None Preferred claims None None General claims 20% 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 clahns 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) 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? If so give: Date liquidation was completed Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Poor overline investments X 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? 33 1/3% - 1 Yes 0-26 If so, give dates and amounts of all assessments - $5,000 3 • #984 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 ao State bank 3Yr [11 Trust company O Stock savings bank O Mutual savings bank o Minnesota Private bank • 1. Name of bank 2. Date organized Far & tiler State Bank 1-17-12 Town or City Date suspended_ 9-11-23 3. Federal reserve district Strandquist.,ounty Marshall Population of town or city* 150_ 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. 6. Condition figures, as of (date*) 9-11-23 Loans and discounts: On real estate Other $ Total loans and discounts 184,757.71 7,281.00 Real estate acquired in satisfaction of debts 58.65 Investments 12,047.22 All other resources $204,144.58 Total resources $20,000.00 Capital 3,000.00 Surplus and undivided profits Deposits: Due to banks** Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings ) $30,781.71 72,050.22 $ 102,831.93 Total deposits •••••••••••1. Borrowings from F. R. bank 65,475.63 /0 .137. 2,000.00 Borrowings from other banks All other liabilities 2/1PfL.S8 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 .of * Condition items should be as of date of suspension, if possible, otherwise as 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 Per cent of loss to claims Loss to depositors on: Amount of loss 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. .. . Preferred claims. .. --- .r. 3 • General claims. . .. Total claims. .. . 10. Has this bank been finally liquidated? Yes If so give: 8-20-30 Date liquidation was completed Collections: $ From liquidation of assets 7,193.30 From assessments on shareholders . Other collections (explain).1 nt.. 62,708.04 on..d ally..13.al 203.74 $70,105.08 Total collections $ Offsets to claim (loans paid, etc.) 1;220•14 Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from guaranty fund ,----- Secured claims Preferred claims $588.08 0588.08 2 2,390.87 Ci-bdil1s Pa5F•_ 65 -4-1-5-.63 -=-.27,----;.-47-1w06t— 51 Oeuoral claims Total claims. . Total payments 1014;64 -2.25t7..00 S7-1-1474 — -L." $588.08 . ,55,715 -. Per cent of payments W claims allowed - t-- 100% 1-. 2,390.87_ - e ir.f..51 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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify)............Z . Re pt e X 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? No If so, give dates and amounts of all assessments Statutory assessment $20,000. Assessment ordered 9-22--Z5 • #1376 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 GO Name of State State bank 4 ▪ Trust company O Stock savings bank O Mutual savings bank o Minne sota Private bank • 1. Name of bank Swift State Bank 2. Date organized 9-4-17 3. Federal reserve district Date suspended 7 Swift Fin ns Town or City B en Ann 6-7-26 P.O.County Population of town or city* 50 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. Swift 6. Condition figures, as of (date*) 6-7-26 Loans and discounts: On real estate Other $ Total loans and discounts 63,144.41 2,079.00 Real estate acquired in satisfaction of debts Investments 8,680.66 All other resources $73,904.07 Total resources 810,000.00 Capital 2,000.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits g20,683.01 41,113.39 Time deposits, including postal savings $ 61,796.40 Total deposits Borrowings from F. R. bank Borrowings from other banks /007 All other liabilities 7ac.40 73,q0c4°7 $C-1. 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 Per cent of loss to claims Loss to depositors on: 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) Claims allowed Dividends paid from collections Payments from guaranty fund Total payments Per cent of payments to claims allowed Secured claims. ... $27.0 $27.00 — 9 $27.00 100% General claims. .. .60 y 448.78 12)309.66 0.-- 12,309.66 20% 1 1 '3`3 7. 0-- )7, 3 7 Preferred claims. .. Total claims. . .s.' 60) 475.78 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 claim (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, drought, 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) Name 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? Statutor If so, give dates and amounts of all assessments No • H" I III -• • •- : • #1065 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 Name of State State bank O Trust company • Stock savings bank o o Mutual savings bank Minnesota Private bank • 1. Name of bank St 2. Date organized State Bank 11-11-13 Town or City SIrat h cona County Date suspended 12-28-25 3. Federal reserve district 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. Roseau 125 6. Condition figures, as of (date*) 12-28-25 Loans and discounts: On real estate Other $ Total loans and discounts 32,806.23 7,537.37 Real estate acquired in satisfaction of debts Investments / v14: /— ( 3, 049 . All other resources .43 Total resources /8 $10,000.00 Capital 2,000.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits $20,839.47 5,004.54 Time deposits, including postal savings $25,844.01 Total deposits Borrowings from F. R. bank 7,473.77 Borrowings from other banks All other liabilities 1111•11....Ow 0MP nom 4K317.78 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. • 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: 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? If so give payments to date: (Amounts in dollars) Claims allowed Dividends paid from collections Payments from mwmagoitmd Colla te ra3. Total payments Per cent of payments to claims allowed Secured claims. . .. Preferred claims..$8,234.4 $2,816.05 16,208.24 Ggnpral claims 7,473.77 Pay D1-Bills Total claims.. . ;I. 31 9 6.41 041,Lrig. L 4 $2,816.05 $7,473.77 7,4733'7 34% 'i0Cqo a, i- 1 6, 0 5 - 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 claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Frozen assets and depleted-reserve Other causes, (specify) X X 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? No If so, give dates and amounts of all assessments Statutory assessment $10,000; AgseRsmpnt ordered 7-26- 6 9 • 0191 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 1::] National bank Name of State It] State bank • Trust company El Stock savings bank O Mutual savings bank i,nnegio ta LJ Private bank • 1. Name of bank 2. Date organized_ Sturgon_kake St Bk 3-1715 Date suspended 3. Federal reserve district Town or City Sturgeon Lakeounty Pine 12-9-22 Member or nonmember of F. R. System 4. Number of branches operated: In city of parent bank • Population of town or city* 210 ,/- 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*) 12-9-22 Loans and discounts: On real estate Other $ 48,097.19 Total loans and discounts Real estate acquired in satisfaction of debts 4,659.21 53 5,447.06 v, 14,556.41 Investments All other resources $.9i1,1 39 4 -r&i it4131.11. . Total resources $10,000.00 Capital 2,000.00 Surplus and undivided profits Deposits: Due to banks** ) 6 Demand deposits, including U. S. Govt. deposits 17,844.96 Time deposits, including postal savings 41,391.58 $ Total deposits 59,236.54 Borrowings from F. R. bank 3,600.00 Borrowings from other banks ON* 41...••••• All other liabilities $*836.54 Total liabilities 7. Has this bank been reopened? Date of reopening Secured claims Preferred claims If so give: 3-10-23 Name under which reopened Loss to depositors on: Yes the same Amount of loss None ft Per cent of loss to claims None II 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 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? Date liquidation was completed If so give: Collections: From liquidation of assets From assessments on shareholders Other collections (explain) Total collections Offsets to claim (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, drought, 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) Name of correspondent (Name) Failure of large debtor (Name) Other causes, (specify) Depleted..re.se.rve X 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 70% - 5-13-24 - 471 000 If so, give dates and amounts of all assessments • #1271 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 3'9'5 National bank Name of State xI State bank 0 Trust company O Stock savings bank O Mutual savings bank Minnesota Ej Private bank • 1. Name of bank 2. Date organized Faire State _Bank 7-14-16 3. Federal reserve district Town or City Sunrise County Chi sa o Date suspendecl____8=2223 Population of town or city* 7 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. 125 6. Condition figures, as of (date*) 8-22-23 Loans and discounts: On real estate Other $44,641.82 Total loans and discounts 521.41 Real estate acquired in satisfaction of debts 1,624.33 Investments / 3. 06 4-f 4,757.40 All other resources $1o'2 SS-O. 10 Total resources $1o,000.00 Capital 2,000.00 Surplus and undivided profits Deposits: Due to banks** $ Demand deposits, including U. S. Govt. deposits Time deposits, including postal savings ) $4,875.52 40,484.58 $ Total deposits ..1...•••••••.••••• Borrowings from F. R. bank 7,190.00 Borrowings from other banks All other liabilities Gam $H,550.10 Total liabilities 7. Has this bank been reopened? 45,360.10 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 Per cent of loss to claims Loss to depositors on: Amount of loss 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 4 10. Has this bank been finally liquidated? Date liquidation was completed Ye s If so give: 10-18-28 Collections: 42,832.61 $ From liquidation of assets From assessments on shareholders 8,704.87 Other collections (explain)Claim & int on daily bal 5,483.45 $57,020.93 Total collections Offsets to claim (loans paid, etc.) Payments to depositors: (Amounts in dollars) Claims allowed Dividends paid from collections __-,--- Secured claims 8188.58 Preferred claims. '1 ; er G egal_clairlis Gen_ a-ziiis & advance --- .... Per cent of payments to claims allowed ,,.____, $188.5: $188.58 --__ / 100% „ r---58 89 .1Q_ 44 76.35' "964.11 •Ou --f ------ - -.4- .r;"0- .--- ---_th 6 s : 7 : 7 / ,0--0,...... ---7---,1-9 i ; : . ,_ 1.,„...44.-- --,,r---66i -27-C1.68-- Thl - .-(.•=, -9', 5 0 a• " cOTS. eral Total payments IA Pay Total claims Payments from , COc_ s -•a -• 0 ..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 cause Contributing cause Decline in real estate values Losses due to unforeseen agricultural or industrial disasters such as floods, • drought, 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) Name 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? No If so, give dates and amounts of all assessments_ Statutory assessment $10,000; Assessment ordered 4-30-25 •