Full text of Records of the Federal Reserve System, Record Group 82 : Committee on Branch Group & Chain Banking: Bank Suspensions Since Jan. 1, 1921, Nonmember State Banks Oklahoma A-F, Box 1833, Folder 5

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Federal Reserve Bank of St. Louis

421.11-6 --Bank Suspensions Since Jan 1 1921
Nonmember State Banks Oklahoma A-F
Committee on Branch Group & Chain Banking

9
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

ag State bank
O Trust company

•

O Stock savings bank
O

Mutual savings bank

Oklahoma

O Private bank

1. • Name of bank

2. Date organized

Guaranty State Bank

3..12-20

3. Federal reserve district

Date suspended

11th

Town or City "hill.

2-1 - 3
22

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.

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Federal Reserve Bank of St. Louis

County Bryan

500

6. Condition figures, as of (date*)

2r12-23

Loans and discounts:
$

On real estate
Other

3,535.34
30$758.11

Total loans and discounts

34$293.45

Real estate acquired in satisfaction of debts
4285.72

Investments
All other resources

•

1
10 16640

Total resources

--4AT
7A15_47—

Capital

_1400040_

Surplus and undivided profits

2,252,62

Deposits:
241.57

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

21,863.48
209540

Total deposits

j 20 1))
li r

Borrowings from F. R. bank
Borrowings from other banks

4,7.05

All other liabilities

24.25

Total liabilities
7. Has this bank been reopened?

46:"544
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.

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Federal Reserve Bank of St. Louis

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

y ,___ If so give payments to date:
ez

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

2,1E3.84

Secured claims. . • 4-5 -200•00—
1

2,183.84

Igtigit

Preferred claims..
\ ?
General claims.. . _18,135.40—

2,541.50

_454450—

Total claims.. . _-23,535.40—

4,724.34

$ 4,724.54
(„eL

10. Has this bank been finally liquidated?

20.2%

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured

claims

Preferred claims
General claims
Total claims

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Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc

•

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
Yes

or agriculture?

If so, state what industry or type of agriculture

Cotton

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1920.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?Tee— tn 000 00

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Federal Reserve Bank of St. Louis

If so, give dates and amounts of all assessments 323,

Pzt 4;5; 0,04

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

I3ANK 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
stispension.

Type pf bank reported—check
appropriate one of the following
O National bank

Name of State

State bank

O Trust company
El Stock savings bank
El Mutual savings bank

0 k 1.a homa

El IE'rivate bank

1. Name of bank

2. Date organized

First State

1-15-08

3. Federal reserve district

Town or City

Date suspended 9-20-21

11th

Albion

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.

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Federal Reserve Bank of St. Louis

County Ptuthillataha

6. Condition figures, as of (date*)

9-20-21

Loans and discounts:
On real estate

10,893.'71
77,200.08

Other
Total loans and discounts

8_88.093.79

Real estate acquired in satisfaction of debts

4970.00

Investments

4005.78

All other resources

13,857.34

Total resources

104,926.89

Capital

15,000.00

Surplus and undivided profits
Deposits:
S

Due to banks**

997.89

Demand deposits, including U. S. Govt. deposits

26,514.58

Time deposits, including postal savings

11,729.74
$

Total deposits

39,242.21

Borrowings from F. R. bank
Borrowings from other banks

44,455,69

All other liabilities
_ 104,926.89

liabilities
7. Has this bank been reopened? Yes
Date of reopening
Name under which reopened

If so give:

4-10-22
, Albion State Ruak, Albion, Oklahoma.
Amount of loss

Loss to depositors on:
Secured claims
Preferred claims

None
ft

Per cent of loss
to claims
None
ft

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.

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Federal Reserve Bank of St. Louis

S. IIas 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 assessrnents on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims. .

Preferred claims..
General claims
Total claims.

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Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

Primary
cause

Contributing
cause

Decline in real estate values

•

Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification

Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
X
Losses due to unforeseen and unprecedented decline in
value of agricultural commodities, livestock and real
estate following the inflation period which existed during and for several years
annie l 10/OfFer worthless paper held by the bank represent largely one particular type of industry
ttigw;
or agriculture?

Yes

If so, state what industry or type of agriculture

Ootton

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1920.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

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Federal Reserve Bank of St. Louis

Yea

If so, give dates and amounts of all assessments
f 1
i 2,
t

e_2
.

9-20-23.
9-20.41,412080.36 4

Auct— .

10
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
J State bank

195

Name of State

[1 Trust company

•

Stock savings bank

• Mutual savings bank

0 3g 1 a

.0 m a

O Private bank

1. Name of bank

Depositors State

2. Date organized

4-9.43

3. Federal reserve district

Town or City

44
,
Date suspended 1-14

10th

Allen

Population of town or city* 1800

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.

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Federal Reserve Bank of St. Louis

County Ponto too

6. Condition figures, as of (datc*)

1-14•44

Loans and discounts:
On real estate

$ 20,000.00

151,335.08

Other
Total loans and discounts

8-1-71•3544-6_

Real estate acquired in satisfaction of debts

7,127.17

Investments

6,250,00

31,76149

All other resources
Total resources

_216,492..32_

25,000.00

Capital

3,897.97

Surplus and undivided profits
Deposits:
$ 4,545.55

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

128,978489
26,794.57

Total deposits

8,014.50

Borrowings from F. R. bank

20,275.99

Borrowings from other banks

987.05

All other liabilities

218,492.52

Total liabilities

7. Has this bank been reopened?

180 318,81
4

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

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Federal Reserve Bank of St. Louis

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?

yea

Date liquidation was completed

If so give:

12.43-29
,

Collections:
From liquidation of assets

:33 210444
'
500.00

From assessments on shareholders
Other collections (explain)
Total collections

_331710.84_

Offsets to claims (loans paid, etc.)

30 023.99
'

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.. .

_38- 27-7-.04—
'

4 5,617.27

Preferred claims.. _ 39•801.79 _ __—_._1943-9--7.23----

$_-5,817427_

15.0

19,397.23

48.7%

25,014.50

17.7%

General claims. .. . _64,765918_
Total claims. .. . 140 844.61
4

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Federal Reserve Bank of St. Louis

25,014.5C)

Primary
cause

Contributing
cause

Decline in real estate values

•

Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
IC

Other causes, (specify)
X
Losses due to unforeseen and unprecedented decline in value
'
of agricultural commodities, livestock and real estate foil
tug the inflation period which existed during and for several years after the late
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture? Yes
If so, state what industry or type of agriculture_Cotton and cattle.

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

3044
1,24„

If so, give dates and amounts of all assessments
tjer'

Depositors State Bank,
;8:13TaInnte
= of the //rat State Bank
1
3131tftt:d1
1
:EITI e1):1:7114:1:1:gt1 9lt1
;
on April 9, 1923. Depositors State Bank took over the assets and assumed all lia—
bilities of the Allen National Bank, on November 12, 1923.,

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Federal Reserve Bank of St. Louis

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
stispenSion.

_ Type of bank reported—check
appropriate one of the following

El National bank

•

Name of State

State bank

El Trust company
1=1 Stock savings bank

DI Mutual savings bank DI Private bank

1. Name of bank_

2. Date organize

First State

1.L__-11-03

3. Federal reserve district

Town or City

Date suspended

1-22-23

10th

Allen

Population of town or city* 1800

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.

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Federal Reserve Bank of St. Louis

County Pontotoc:

6. Condition figures, as of (date*)

1-22.43

Loans and discounts:
2406.95

On real estate

192,631.03

Other

Total loans and discounts

195,137.98

Real estate acquired in satisfaction of debts

6,005.54

Investments

20,556.50

All other resources

20,360.86

Total resources

---442 0604,131

25,000.00

Capital
Surplus and undivided profits

7,623.37

Deposits:
Due to banks**

1,644.62

Demand deposits, including U. S. Govt. deposits

—107,546.85_

2'7,661.69

Time deposits, including postal savings
Total deposits

Borrowings from F. R. bank

136,853.11i_

.................

Borrowings from other banks

72,584.35

All other liabilities
Total liabilities

7. Has this bank been reopened?

Yen

If so give:

Date of reopening 4.5-23
Name under which reopened_____Deposi_tors State Banks Allen, Oklahoma.
Amount of loss

Loss to depositors on:
Secured claims

4,282•14

Per cent of loss
to claims

12.3 %

Preferred claims
General claims

21,583.42

25 %

Total

25,865.56

18.8%

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Federal Reserve Bank of St. Louis

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
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 claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund
.

Secured claims
Preferred claims..
General claims. . .
Total claims. . .

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Federal Reserve Bank of St. Louis

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc

•

Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
X
Losses due to uuforeseen and unprecedented decline in
•
value of agricultural commodities, livestock and real
estate following the inflation period which existed during ind for several years
tfter the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

If so, state what industry or type of agriculture

Cattle.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1920

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended? Yee

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Federal Reserve Bank of St. Louis

If so, give dates and amounts of all assessments

6.12-21, $12000.00
2p22-23

•

9
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

- Type of bank reported—check
appropriate one of the following

1_44

0 National bank

Name of State

IQ State bank
0 Trust company
O Stock savings bank

•

O Mutual savings bank

A .4. P. .14.11.

Private bank

1. Name of bank

2. Date organized

Citizens State

7-15-12

3. Federal reserve district

Town or City

Date suspended 2e•3-450

10th

Altus

Population of town or city* 12,000

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.

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Federal Reserve Bank of St. Louis

County Xackson

6. Condition figures, as of (date*)

2-3-30

Loans and discounts:
On real estate

15,460.75
150,687.44

Other

Total loans and discounts

166448.19
6,087.50

Real estate acquired in satisfaction of debts
Investments

74,119.05

All other resources

41,951.48

Total resources
Capital

50,000.00

Surplus and undivided profits

10,649.54

Deposits:
$

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

4.03845

185,149.03
23,570.68

Total deposits

858
214 45e

Borrowings from F. R. bank
1400300

Borrowings from other banks
All other liabilities

288,306.20

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

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Federal Reserve Bank of St. Louis

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

63,675.53

Secured claims.. . *ASS 675.53 ___$___63_,MiZa
,

Per cent of payments
to claims allowed

100%

Preferred claims...
General claims... . _12,6,960_631_
Total claims... —190,635.84

$ 63t_6_7_5•53_

—63 -675•53—
1

10. Has this bank been finally liquidated?

33
.4%

If so give:

Secured

claims

Preferred claims.. .
General claims. . ..
Total claims. ..

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Decline in real estate values

•

Defalcation
X

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)

•

Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yee

If so, state what industry or type of agriculture

Cotton.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1926.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yoa
14-29

If so, give dates and amounts of all assessments

*25,000.00

2-3-N04_15oLo_oo.00

4
:2-

8
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

Type of bank reported—check
appropriate one of the following
O

National bank
Name of State

[!I State bank
0 Trust company
O Stock savings 1:1.'nk
O

Mutual savings bank

0 k 1 a .h o.m a

,• Private bank

1. Name of bank larmers State

'25-04
41
2. Date organized 4

3. Federal reserve district

Town or City

Date suspended

10th.

3-20-26

Alva

Woods

Population of town or city* 3912

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.

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Federal Reserve Bank of St. Louis

County

6. Condition figures, as of (date*)
Loans and discounts:
$

On real estate

.31375.00
97,507.50

Other
Total loans and discounts

100 882.50

Real estate acquired in satisfaction of debts

14,200.00

Investments

30,679.79

All other resources

28,699.47

•

174,461.76

Total resources

25,000.00

Capital

5,588.06

Surplus and undivided profits
Deposits:
$

Due to banks**

1,951.91

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

35,542.00
$

Total deposits

143,873.70

Borrowings from F. R. bank
Borrowings from other banks
All other liabilities

46106
_174.

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

8. Has this bank been taken over by another bank?

If so give:

Yes

Name of bank by which taken over

L
Alva ttate Rank I lva

Date taken over

5-3-26

Oki h

Loss to depositors on:
Amount of loss
None

Secured claims

Per cent of loss
to claims
None

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:

Secured claims. ...

Dividends paid from
collections

Payments from
guaranty fund

..._ .

Preferred claims
General claims. . . .
Total claims. ...

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Primary
cause

Contributing
cause

Decline in real estate values

•

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yea

If so, state what industry or type of agriculture

Wheat

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1922.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

If so, give dates and amounts of all assessments

Yes

11-40-24

•

&-_2(213 _424900.00
4

9
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

i3ANK 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
r suspension.
•

Type of bank reported—check
appropriate one of the following
1:1

138

National bank

Name of State

c State bank
O Trust company „

•

O Stock savings bank
O Mutual savings bank

0 k .1

a .12 o.z a

O Private bank

1. Name of bank_____atats__Bank_of_Town or City

2. Date organized

11-3.2-08

3. Federal reserve district

Date suspended

6-2,3.-30

10th

Amber

Population of town or city* 450

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County GradY

6. Condition figures, as of (date*)
Loans and discounts:

On real estate

2,217,55
59,210.52

Other

64427.07

Total loans and discounts
Real estate acquired in satisfaction of debts

4202.00

Investments

3.593.17

All other resources

14822
.22

77,S424_46_

Total resources

10,000,00

Capital
Surplus and undivided profits

9,387.75

Deposits:
Due to banks**

84,1.58

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

29,173.41
2,019.27

Total deposits

32,034.16

Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
Total liabilities

7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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 depositols 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

—

$ 2400.01/

Preferred claims...

j,542.60- —4542,60_

10
0

1254200

4100
Secured claims. . . . $_2 :400_ _4_20.00.00

100%

General claims.. .. _15,8354,35—
Total claims.. .. _18,47-745— —464460--

_46_3
4_642•130_
,

10. Has this bank been finally liquidated?

If so give:

Secured

claims

Preferred claims
General claims
Total claims. ..

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

(

Total payments

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Decline in real estate values

•

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
{•

Failure of large debtor (Name)
Other causes, (specify)
Losses due to unforeseen and unprecedented decline in value
of agricultural commodities, livestock and real estate follow ng
which existed during and for several years after the late ware

enao

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

If so, state what industry or type of agriculture

Cotton.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1920.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments
-1/

6-21-30, 410,0 0 00

.(44,11,_44//24711.

(444ze.e.</eac-ek...

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

185

Name of State

M State bank
[1] Trust company

•

D Stock savings 1:,rik
O Mutual savings bank

Qkla.homa

O Priyate bank

1. Name of bank Bank of

2. Date organized

8-22-22

3. Federal reserve district

Town or City Apperaon

Date suspended 7-27-24

10th

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Pawnee

200

No_

6. Condition figures, as of (date )

7"27-24

Loans and discounts:

2,826.20

On real estate

73.303.70

Other
Total loans and discounts

76,129.90

Real estate acquired in satisfaction of debts

586.00

Investments

4715.00

All other resources

19,207.06
97.637.96

Total resources

10,000.00

Capital

1,347.28

Surplus and undivided profits
Deposits:
$

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

2,766.35
81,624.68
489945
$

Total deposits

86,290.68_

Borrowings from F. R. bank

None

Borrowings from other banks

None

All other liabilities

None
,97p637.96

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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? _yea_ If so give:
Date liquidation was completed

12
,
01649

Collections:
, From liquidation of assets
From assessments on shareholders

400.00

Other collections (explain)
220161.22

Total collections
Offsets to claims (loans paid, etc.)

4,305.23

Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Secured claims.. ..

Preferred claims.. .

920.19—

920.19

General claims. . . .

81,469.22- -

16,293.84

Total claims. ..

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Payments from
guaranty fund

82,389.41_ 17,214.03

Total payments

Per cent of payments
to claims allowed

4_920.19—

1004

16
4293.-8417_.214.03

20 %
20.8 %

Primary
cause

Contributing
cause

Decline in real estate values

•

Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification

Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)

•

Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

If so, state what industry or type of agriculture

Cattle.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1922.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes
7-27.-241

If so, give dates and amounts of all assessments
lo,000.00fit—co 0

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

f BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

Type of bank reported—check
appropriate one of the following
O National bank
Name of State

J State bank ,
O Trust company
O Stock savings bank

•

• Mutual savinks bank

k 1 a .11 p xa

Private bank

1. Name of bank

2. Date organized

Ellis County

10 -.8-7

3. Federal reserve district

Town or City

Date suspended 12-6-24

10th

Arnett

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Ellia

500

6. Condition figures, as of (date*)

32-8.24

Loans and discounts:

6,945.00

On real estate

48,179.58

Other

Total loans and discounts

53,124.58

Real estate acquired in satisfaction of debts

5,400.00

Investments

8,588.28

All other resources

14,798.17
__79_t_709•01__

Total resources

10,000.00

Capital

58168.04

Surplus and undivided profits
Deposits:
211.73

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

48844647

8,740.47

Total deposits

57,598.47

Borrowings from F. R. bank

_9 142+50
1
--

Borrowings from other banks
All other liabilities
Total liabilities

7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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.. .. 4449_754.00----4-94-9-76-"-

$ 92976.00

100%

Preferred claims...

530•00_

330.00

loot

General claims. . . .

52,28800

41,814.96

410814698

80%

82,57440-

52,120.98

$ 52,120,96

Total claims... .

8302%

If so give:

10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets

•

From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from'
collections

Payments from
guaranty fund

Total payments
•

Secured

claims

Preferred claims.. .
General claims. . . .
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Losees due to unforeseen and unprecedented decline in value
livestock and real estate following the inflation period which existed during and for
several years after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
Yes.

or agriculture?

If so, state what industry or type of agriculture Cattle.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1Q20,

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments
If

11-.10-24

10 000 0

12-.6-224, $1Q.00.00

1k.

9
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 sus"pended 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

JJ State bank
El

Trust company
Stock saving's bank

•

Mutual savings bank

Oklahoma

[3 Private bank

Vannere State

1. Name of bank

2. Date organized

2-18-20

3. Federal reserve district

Date suspended

10th

Town or City Ash sr

4-28-24

Population of town or city*70

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County_Patte,WatQla e

6. Condition figures, as of (date*)

448.44

Loans and discounts:
On real estate

3,576.80

51,286,79

Other
Total loans and discounts

54,863.59

1,012.60

Real estate acquired in satisfaction of debts
Investments

14,519.00

All other resources

17,335.55
87,730.74

Total resources

15,000.00

Capital
Surplus and undivided profits
Deposits:
$

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

4,799.61

-53,21447_
10072.98
681491 06

Total deposits
Borrowings from F. R. bank

None

Borrowings from other banks

None

All other liabilities

None
8'7,730.74

Total liabilities

7. IIas this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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

$ 10,4383.19

96.4

—1.0683a.9_____

Secured claims.
Preferred claims..
General claims. . .

41646

416.56_

416.5

100%

53,956,213

_34936.26_

65%

63 675 91
, .

Total claims

52,209_44

45,036.01.

$ 45,036,01

77,2% 1°
'
'

10. Has this bank been finally liquidated?

If so give:

Date liquidation was completed
Collections:
From liquidation,of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims. . ..
Preferred claims
General claims
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

. Total payments

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc

•
X

Insufficient diversification

•

Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yee
Cotton.

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?

1Q21,,

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes
4
-28-24,

If so, give dates and amounts of all assessments

•

t% •

3? 70

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

'BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

Type of bank reported—check
appropriate one of the following

171

[::] National bank

Name of State

State bank

0 Trust company
O Stock savings bank

Li Mutual saving§ bank

0 k .1 a h o. m

Private bank

1. Name of bank

2. Date organized

2-28-05

Town or City Ashland

First State

3. Federal reserve district

Date suspended 1-25-25

10th

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Pittsburg

400

6. Condition figures, as of (date*)

1-25-.23

Loans and discounts:

8,754,32

On real estate

74,675.16

Other
Total loans and discounts

83,429_,413__
5,862.28

Real estate acquired in satisfaction of debts

15,330,38

Investments

9,877.13

All other resources

114,499.27

Total resources

23,350.00

Capital

51817.15

Surplus and undivided profits
Deposits:

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

1,187.61
31 200.34
4

7,072.50
39,414.45

Total deposits
Borrowings from F. R. bank

38,921.47

Borrowings from other banks

69.50

All other liabilities

114,499.27

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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

Secured

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

claims

Preferred claims
General claims
Total claims. ..

10. Has this bank been finally liquidated?
Date liquidation was completed

yes

If so give:

-15.2812.

Collections:
From liquidation of assets

_13,557.11

From assessments on shareholders
Other collections (explain)
Total collections

—13,557,
11-

Offsets to claims (loans paid, etc.)

10,480.42—-

Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims

Dividends paid from
collections

.00.00
10 00400 '1C42
12
_

Payments from
guaranty fund

Total payments

_____114200.00—

Per cent of payments
to claims allowed

100 %

Preferred claims
General claims. .. . _____17 895,26
4
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

_28.091626_

1,342.14
11,542.14_

__1,342.14_

11,542,14

41 %

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

•

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
X
Losses due to unforeseen and unprecedented decline in value
of agricultural commodities, livestock and real estate follow ng
which existed during and for several years after the late war.

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

If so, state what industry or type of agriculture

Cotton.

What wa4 the pproximate date of the beginning of the difficulty which ultimately caused the suspension?

1920

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

If so, give dates and amounts of all assessments

101-25-23, $23350.00
•

410

on period

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
'suspehsion.

Type of bank reported—check
appropriate one of the following

fl National bank

105

Name of State

7;] State bank
El Trust company

•

El Stock savings bank
El Mutual savings bank'
.

0 k .1 a h o. m a

a Priyate bank

1. Name of bank

OklahomaL State

2. Date organized 2-13-09

3. Federal reserve district

Town or City

Date suspended 10-27-26

11th

Atoka

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Atoka

2500

6. Condition figures, as of (date*)

10.47...26

Loans and discounts:
On real estate

$---56 -615.254

Other

154,587.61

Total loans and discounts

Real estate acquired in satisfaction of debts

211,202.86
6,800.00

Investments

73,255.14

All other resources

69,255.3.8
560,513.18

Total resources
Capital

50,000.00

Surplus and undivided profits

10,401.83

Deposits:
Due to banks**

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

5,258.59
202,205692
0,551.21

Total deposits

252,015.72

Borrowings from F. R. bank
48,095.63

Borrowings from other banks
All other liabilities

360,513.18

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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?

_g
ee_ If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Secured claims. . . . •70

Payments from
guaranty fund

4_63$863.16_

Total payments

$_63_,86ast_e

Per cent of payments
to claims allowed

91.1%

Preferred claims...

23,153.14

100%

General claims.. . .

163 557.42
,

85,422.96

65,422.98

40%

Total claims.. . .

2562745.20
1

152,43410ft_

_152,439.76_

10. Has this bank been finally liquidated?
Date liquidation was completed

59_03%

If so give:

Collections:
From liquidation of assets,
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims.. . .
Preferred claims
General claims. . . . _
Total claims. . . . _

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc

•
X

Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
.c
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
X
Losses due to unforeseen and unprecedented decline in
of agricultural commodities, livestock end real estate following the inflation period
which existed during and for several years after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

If so, state what industry or type of agriculture

Cotton.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1920.

12.. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

If so, give dates and amounts of all assessments

Yen

2'?-.

•

Pet.

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 suspende'd 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
§uspension.

Type of bank reported—check
appropriate one of the following
O

182

National bank
Name of State

[X State bank .
O Trust company
O Stock savings bank
O

Mutual savings bank

k 1a• h o ra .11

• Private bank

IP/mums State Bank

1. Name of bank_

2. Date organized

3...31-.23

3. Federal reserve district

Date suspended

Town or City

5•29.-24

10th

Atwood

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Hughes

100

6. Condition figures, as of (date*)

3.49.44

Loans and discounts:
6,524.05

On real estate

282201.99

Other

Total loans and discounts

$54,726.04

Real estate acquired in satisfaction of debts

11600000

Investments

5,730.04

All other resources

5,710405
47,766.15

Total resources

10,000.00

Capital

2,653057

Surplus and undivided profits
Deposits:
507.73

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

23 690094
4498.30
30,696.97

Total deposits
Borrowings from F. R. bank

4,533075

Borrowings from other banks

81,84

All other liabilities

47g766.13

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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

Secured

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

claims

Preferred claims..
General claims. . ..

Total claims

10. Has this bank been finally liquidated? _yes_ If so give:
4•45■126
Date liquidation was completed
Collections:
From liquidation of assets..

$
$

28,251.09

From assessments on shareholders
Other collections (explain)
28,251.09

Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Secured claims. ..

Preferred claims
General claims
Total claims. . ..

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

—24474419— --26 -47-6419----*
26,476.19

26,47649

261476,19

100%

26,476019

100%

Primary
cause

Contributing
cause

Decline in real estate values

•

Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
X

Other causes, (specify) Lack of Volume.

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

If so, state what industry or type of agriculture

Cotton.

What wa,s the,approximate date of the beginning of the difficulty which ultimately caused the suspension?

1923.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yee

If so, give dates and amounts of all assessments

3-29-24 410 000 00

•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

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

•

Mutual savings-bank

Oklahoma

0 Private bank

1. Name of bank

First State

2. Date organized

3-4-n

3. Federal reserve district

Town or City

Date suspended 1-25-23

10th

Atwood

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Hugh es

6. Condition figures, as of (date*)

1-25-23

Loans and discounts:
7 006.613
•

On real estate

79,659.91

Other

88,066.59

Total loans and discounts

None

Real estate acquired in satisfaction of debts
Investments

L1,541.15

All other resources

95498402

Total resources

30,00040_

Capital
Surplus and undivided profits

34100•00___

Deposits:

651,30

Due to banks**
Demand deposits, including U. S. Govt. deposits

32,915.27

Time deposits, including postal savings

15005.60

Total deposits

48,872.17

Borrowings from F. R. bank

3E3,012.65

Borrowings from other banks
All other liabilities

99
4984

Total liabilities

7. Has this bank been reopened?
Date of reopening

yes

If so give:

3-31-23

Name under which reopened_Farmezz—State--Banki—Atwo-041,- Oklahoma.
Amount of loss

Loss to depositors on:
Secured claims
Preferred claims

Per cent of loss
to claims

325.00

13.2%

on e

None

General claims

___1P,475.01

Total

___12t800.01

25%

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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
Secured claims

WalEctik

Preferred claims

Per cent of loss
to claims

&Ma

-MEMC
Zee&

General claims
Total

Witfact

If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

•

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. ...
Preferred claims.. .
General claims
Total claims....

If so give:

10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims'(loans paid, etc.)
Payments to depositors:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

.
Secured

claims

Preferred claims
General claims
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Primary
cause

Contributing
cause

Decline in real estate values

•

Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
•
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

•
Losses due to unforeseen and unprecedented decline in value
of agricultural commodities, livestock and real estate following the inflation period
which existed during and for several years after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

If so, state what industry or type of agriculture

Cotton.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

19216

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes
1-25-.23

If so, give dates and amounts of all assessments

•

9
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

Type of bank reported—check
appropriate one of the following

121_

O National bank
Name of State

J State bank
O Trust company

•

• Stock savings bank
' '
O Mutual savings bank

Oklahoma

O <, Private bank

1. Name of bank

Avant State

2. Date organized 12-7-10

3. Federal reserve district

Date suspended

Town or City

11-2S-29

10th

Avant

County Osage

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 MclOallleY

* 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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

6. Condition figures, as of (date*)

11-27-29

Loans and discounts:
On real estate

2,225.00
708881.29

Other

Total loans and discounts

73,106.29

Real estate acquired in satisfaction of debts
842•00

Investments

23,700.85

All other resources

132,449•14

Total resources

15,000.00

Capital

5,116.32

Surplus and undivided profits
Deposits:
498.37

Due to banks**
Demand deposits, including U. S. Govt. deposits

93,93/.90

Time deposits, including postal savings

13,488.29
$

Total deposits

107,822.56

Borrowings from F. R. bank
Borrowings from other banks
4,510.26

All other liabilities

449 14
13!, •

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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? Tea
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Secured claims. . . . $ 271000,00- —41_27000040
Preferred claims. ..

1,780000

Total claims. .. .

Per cent of payments
to claims allowed

—4-2-7 -000.00— —100%
1
1,7:g no
100%

1,780.00

General claims.. .. ___671019_47

Total payments

13,403.99_

20%

42#183-6_9_9_

950994T_

---15 403•29-1
$ 42
4113M49—

44%

If so give:

10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets.
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:

(Amounts in dollars)
Claims allowed

Secured claims. .
Preferred claims.
General claims. . .
Total claims. . ..

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

Total payments

,
.

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Decline in real estate values

•

Losses due to unforeseen agricultural or industrial disasters such as floods, •
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of depo'sits
Failure of affiliated institution (Name)
.8a,pu1pa S1e:0..134*g

Failure of correspondent (Name)
Failure of large debtor (Name)

•

Other causes, (s'peci6'7)
X
of
Losses due to unforeseen and unprecedented-decline in value
agricultural commodities, livestock and real estate following the inflation period
which existed during end for several years after the late wer.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

If so, state what industry or type of agriculture

Cattle()

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1921..

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

If so, give dates and amounts of all assessments

11-27-2g, 4 5
/ ,000.00

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

Type of bank reported—check
appropriate one of the following
•
O National bank

145

Name of State

Ti State bank
O Trust company

•

O Stock savings bank
O Mutual savings bank

Okla.h,oma

O Private bank

1. Name of bank

2. Date organized

Town or City Aylesworth

First State

2,—?
-18

3. Federal reserve district

Date suspended

'7-30-21

/1
10th

Population of town or city* 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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Marshall

6. Condition figures, as of (date*)
Loans and discounts:
On real estate

390300051

Other
Total loans and discounts

42,61(449_

Real estate acquired in satisfaction of debts

2.000.00

Investments

2,
765
04a

All other resources

40278422
54655039

Total resources
Capital

10000.00
1
023340

Surplus and undivided profits
Deposits:
39.84

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

28192.51
14
030

Total deposits

280246088

Borrowings from F. R. bank
Borrowings from other banks

—12-454013——

1019

All other liabilities

52.,655.59_____

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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? _ye
s_ If so give:
Date liquidation was completed 5-.31-24
Collections:
From liquidation of assets....

From assessments on shareholders

27,170.14

_____

Other collections (explain)
Total collections

_28,920.14

Offsets to claims (loans paid, etc.)

137.58

Payments to depositors:
(Amounts in dollars)
Claims allowed

Payments from
guaranty fund

Dividends paid from
collections

Secured claims....

14,OOO.O

141-0004.° — ,
0

Preferred claims.. .

7*615
•

7 615.4a_

Total payments

14,000.00

100 %

7,615.48

6,703.21

284318.69

t
General claims. . . . _4703.2

21542.47

4060.74_

Total claims. . • • _28,318.

240157.95

41060.'74

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Decline in real estate values

•

Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification

Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Losses due to unforeseen and unprecedented decline in value
of agricultural commodities, livestock and real estate following the inflation period
which existed during and for several years after the late war.
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

.
Co tton

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1920.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes
7-30-21

If so, give dates and amounts of all assessments

4 4,507s55

7-30-21 410,000.00.

'Guaranty Mund•

9
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

Type of bank reported—check
appropriate one of the following

El National bank
3E1 State bank

Name of State

1=j) Trust company

•

El Stock savings bank
El Mutual savings bank

0 kl a. h

111.4

1=i Private bank

Town or City Bartlesville

1. Name of bankBartlesville State

Washington
County

,
2. Date organized

11-24-08

3. Federal reserve district

11
' 22
Date suspended 5'

10th

Population of town or city* 25,000

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

310

6. Condition figures, as of (date*)

5•41-22

Loans and discounts:
$

On real estate

68,000.00
803,898.83

Other

Total loans and discounts

871,8983____

Real estate acquired in satisfaction of debts
Investments

72,724.56
188,051.55

All other resources

4132,674.74

Total resources

150,000.00_

Capital

81,442.56

Surplus and undivided profits
Deposits:
$

Due to banks**

55,004.04

Demand deposits, including U. S. Govt. deposits

582,129.01

Time deposits, including postal savings

183,94207
$

Total deposits

821,075.82

Borrowings from F. R. bank
78,664.06

Borrowings from other banks

1.492
40

All other liabilities
Total liabilities

7. Ilas this bank been reopened?

1,132 674.74

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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
YeP

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

4
Secured claims. . . . $ 58 500.00_k89971.60

14U:o.171 e •

General claims.. .. _1194,066•01 524,498694
988,131426

Per cent of payments
to claims allowed

48,971.60

8
4%

_Nó it e • .

35,565.25
524,4g€1,94

ci'51
'

100%

con e_.•,'
ii: , : $ 609,035.79

609,03_5A/9

10. Has this bank been finally liquidated?

Total payments

ii Gai•_el

Preferred claims... ____ 35,565.25___A_54_5_65.25__

Total claims. ..

Payments from
guaranty fund

et
'b
597D 5%`

61.6%

If so give:

Secured claims. . ..
Preferred claims...
General claims. . . .
Total claims. .

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

—

Total payments

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debior (Name)
Other causes, (specify)
<
X
ie
3
Losses' due to unforeseen end unprecedented (.e.olir in value
of agricultural commodities, livestock and real estate follow lig
which wit.lekt. existed during and for several ye9rs after the late war.

period

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

If so, state what industry or type of agriculture

Oattle•

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1920.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes
5-11-22,

If so, give dates and amounts of all assessments

4150,000.00

4, o

10
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
OD
O
O
O
O

National bank

175
Name of State

State bank
Trust company
Stock saving bank
Mutual savings bank

0 k 1. A it 0 Al

Private bank

1. Name of bank_Atjrat,_atate_Bank

2. Date organized

4-14-13

Town or City

Date suspended 9-4-23

Bernice

County

Population of town or city*

3. Federal reserve district_4,0th-----_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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Delaware

500

6. Condition figures, as of (date*)

9.4.25

Loans and discounts:
On real estate

2,878.00

Other

34,656.88

Total loans and discounts

.88_
37,532

Real estate acquired in satisfaction of debts

5,900.00

Investments

5,122.40

All other resources

11,132.45

Total resources
Capital

10,000.-00_
1 614.213
•

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

96,619.90
_____7+703*55
$

Total deposits

34,523.45

Borrowings from F. R. bank
Borrowings from other banks

-1345040_

All other liabilities
Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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

Secured

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

claims

Preferred claims
General claims. .
Total claims. .

10. Has this bank been finally liquidated? _yea_ If so give:
Date liquidation was completed

4-9..28

Collections:
From liquidation of assets.

$-1466944—

650.00

From assessments on shareholders
Other collections (explain)
Total collections

14,21954

Offsets to claims (loans paid, etc.)

$---4943115.25--

Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims

Dividends paid from
collections

—4,000.00__4,000.00— ,

Payments from
guaranty fund

Total payments

--$-4,000.-00—

Per cent of payments
to claims allowed

100 %

Preferred claims
General claims
Total claims. . ..

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

—2$181s03__4,764.93—

4,764.93

17.5 %

31,181.03__8,764.93—

41 R,764.93

28a %

Primary
cause

Contributing
cause

Decline in real estate values

•

Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
X
unprecedented decline in value
Losses due to unforeseen and
inf
of agricultural coramodities, livestock and real estate following the
several years after the late war.
which existed during and for

•
tion period

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

If so, state what industry or type of agriculture

(kitties

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1920

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments

9-4-23 $10

(
/1.

•

9
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

Type of bank reported—check
appropriate one of the following
National bank
Name of State

State bank

O Trust company .
O Stock savings bank

•

Mutual savings batik

0 Ic

O Private bank

1. Name of bank

Bix

2. Date organized12-21-14

3. Federal reserve district

State

Town or City

Date suspended 32-18-•23

10th

BiAry

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County

Tulsa

1400

6. Condition figures, as of (date*)

12••18..23

Loans and discounts:
On real estate

14069.00
77,381.54

Other
Total loans and discounts

88,450 54

13,934.52

Real estate acquired in satisfaction of debts

5,50000

Investments
All other resources

151098.90—
122,983098

Total resources

25,00000

Capital

7,1830e4

Surplus and undivided profits
Deposits:
2
998E443

Due to banks**
Demand deposits, including U. S. Govt. deposits

610938.50

Time deposits, including postal savings

18,37549
$

Total deposits

83,300.22

Borrowings from F. R. bank

7,500000

Borrowings from other banks
All other liabilities

124983096

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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
Yea

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.. . 4 51523.37 4_5t_523.37
General claims. .. . _69,354,79
Total claims. ... ____74tea8,16

65%

t_504_603.98

54603.913_____

10. Has this bank been finally liquidated?

100%

45,08Q.61

45,080.61

523-.5-7

67.5%

If so give:

Date liquidation was completed
Collections:
From liquidation of assets.

From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Secured claims.
Preferred claims
General claims.. . .
Total claims. .. .

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

t
.

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification

Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
•
Lossei due to tnforebeen and unprecedented decline in talue
period
of agricultural commodities, livestock, and real estate following the inflation
which existed during and for several years after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

If so, state what industry or type of agriculture Cattle.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1920.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments

3-19-23, $10 3000,00
12-18.43, $25,000.00

9. -1/1.5-.0

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

Type of bank reported—check
appropriate one of the following

O National bank
2( State bank

El Trust company
El Stock savings bank
El

Mutual savings bank

El Private bank

1. Name of bank_e
(-4-1____ii-'
4

2. Date organized

3. Federal reserve district

Town or City /514

Population of town or city*

Date suspende

County

Member or nonmember of F. R. System

44t

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

7LC
,

6. Condition figures, as of (date*)

6-30-2:3

Loans and discounts:
On real estate

•0•.•
8,972.91

Other
Total loans and discounts

8,972.91

Real estate acquired in satisfaction of debts

—0—
3,683.54

Investments
All other resources

12,074.10
24,730.55

Total resources

10,000.00

Capital
Surplus and undivided profits

1 000.00
,

Deposits:
Due to banks**

—0—

Demand deposits, including U. S. Govt. deposits

10,027013

Time deposits, including postal savings

1,972.00
$

Total deposits
Borrowings from F. R. bank

11,999.13
—0-

Borrowings from other banks

1,505.20
22_8.22

All other liabilities
Total liabilities
7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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

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:

Secured claims
Preferred claims
General claims. ..
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

.Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters uch as floods,
drouth, boll weevil, etc

•

Insufficient diversification
Incompetent management, i.e., poor credit judgmen rldXty in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)

•

Other causes, (specify)

Did the slow, doubtful or worthless aper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry o

ype of agriculture

•
14,

What was the approxim. e ste of the beginning of the difficulty which ultimately caused the suspension?

12. Were there any assessments, voluntary or otherwise, on the diA*Qrs or stockholders either before or after the
bank suspende

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

If so, give dates and amounts of all assessments

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

LI Mutual savings bank

0 k 1.a h o m .a

• Private bank

1. Name of bank

2. Date organized

First State

4-25-07

3. Federal reserve district

Town or City Bliss

Date suspended 2-25-22

10th

Population of town or city* 124

Member or nonmember of F. R. System___ No

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Noble

2..2542

6. Condition figures, as of (date*)
Loans and discounts:
On real estate

23,742.05

Other

55,500093
$

Total loans and discounts

79042.98

Real estate acquired in satisfaction of debts

5,233007

Investments

111147.45

All other resources

95,423050

Total resources

15,000000

Capital

2078.77

Surplus and undivided profits
Deposits:

1,480.20

Due to banks**
Demand deposits, including Ti. S. Govt. deposits

37,819065

Time deposits, including postal savings

128860.96
52,160.81.

Total deposits
Borrowings from F. R. bank

22,48342

Borrowings from other banks

3,000.00

All other liabilities

958423.50

Total liabilities

7. Has this bank been reopened?
Date of reopening

Ye5

If so give:

3— 1-22

Name under which reopened

_Mariana State

an,

rland, Oklahoma.
Amount of loss

Loss to depositors on:

Per cent of loss
to claims

None

Preferred claims

None

General claims

None

Total

None

Secured claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

8. Has this•bank been taken over by another bank? riga

If so give:

Name of bank by which taken over_43E0Andegyksdigugtaisie4eziells
fka

Date taken over
Loss to depositors on:
Amount of loss
Secured claims

NO=

Preferred claims

Per cent of loss
to claims

os,„,

General claims
.

ADE__

Total

9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Secured

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

claims

Preferred claims
General claims..
Total claims. .. .

10. Has this bank been finally liquidated?

If so give:

Date liquidation was completed
Collections:
From liquidation of assets

•
From assessments on shareholders
Other collections (explain)
Total collections

Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims. . .
Preferred claims
General claims. . .
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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

•

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Losses due to unforeseen and unprecedented decline in value
of agrtoultural cormodities, livestock and real estate, following the inflation period
which existed during and for several years after the late war.

11111

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
Yes

or agriculture?

If so, state what industry or type of agriculture

Cattle

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1920

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments

2-25-22t $].5,000.00

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

Type of bank reported—check
appropriate one of the following

O National bank
Name of State

State bank
O Trust company

•

El Stock savings bank
O

Mutual savings bank

O Private bank

1. Name of bankt

2. Date organized

Town or City

Date suspended

County

17 -'71 Population of town or city* .0--,C d
7 )

4/
Member or nonmember of F. R. System__

3. Federal reserve district

4. Number of branches operated: In city of parent ban
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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

21---

A/I

6. Condition figures, as of (date*)

6-30-21

Loans and discounts:
On real estate

—0—

Other

94,251.48

Total loans and discounts

94,251.48

Real estate acquired in satisfaction of debts
Investments

3,450.67

All other resources

14,154.71
111,856.86

Total resources
Capital

15.000.00
2,694.47

Surplus and undivided profits
Deposits:
Due to banks**

1,04P.02

Demand deposits, including U. S. Govt. deposits

65,833,26

Time deposits, including postal savings

27,287.11
$

Total deposits
Borrowings from F. R. bank

94,162.39
—0—

Borrowings from other banks
All other liabilities

—0—

Total liabilities

7. Has this bank been reopened?
Date of reopening

If so give:

Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
3
126Preferred 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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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

Claims allowed

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Secured claims. .. .
Preferred claims..
General claims. ...
Total claims

10. Has this bank been finally liquidated?

If so give:

Secured claims

Preferred claims
General claims
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

.Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or indu
drouth, boll weevil, etc

al disasters such as floods,

Insufficient diversification
Incompetent management, i.e., poor cr diqudgment,laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Na
Failure of correspondent (Name)
Failure of large debtor (Name)..
Other causes, (specify)

Did the slow, doubtful o

iless paper held by the bank represent largely one particular type of industry

or agriculture?
If so, state what ins si

What was the

or type of agriculture

roximate date of the beginning of the difficulty which ultimately caused the suspen-

sion ?

12. Were there
b

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

sessments, voluntary or othenvise, on the directors or stockholders either before or after the

k suspended?

If so, give dates and amounts of all assessments

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

Type of bank reported—check
appropriate one of the following
O National bank

128

Name of State

rZ State bank

O Trust company

•

O Stock savings bank
O Mutual savings'bank,

Oklahoma

O Private bank

1. Name of bank

2. Date organized

Town or CityBluejacket

_Sate Bank of

8-8-23

3. Federal reserve district

Date suspended 9-19-29

10th

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Craig

508

6. Condition figures, as of (date*)

91,9,
29

Loans and discounts:

987.54

On real estate

51,420,99

Other

Total loans and discounts

52,408.53

Real estate acquired in satisfaction of debts
Investments

14,150.65
6,965.77

All other resources

_53,
504.95

Total resources

10,000.00

Capital

_1,773.67

Surplus and undivided profits
Deposits:
Due to banks**

St02•44

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

32,981.06

8,567.78

Total deposits

41 751.28

Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
Total liabilities

7. has this bank been reopened?

-53,504.95---

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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? _Tea_ If so give payments to date:
(Amounts in dollars)
Claims allowed

Secured claims... .

Dividends paid from
collections

Payments from
guaranty fund

: 0 04_128880.0Q_
:.•

Total payments

4-14880.0a-

Per cent of payments
to claims allowed

1130
%

Preferred claims
General claims. . . .
Total claims....

148207.54
.5-8
271087 4i -12- 880*-00---=

10. Has this bank been finally liquidated?

4-12_,8804_011_

47,0

If so give:

Secured claims. . ..
Preferred claims..
General claims. .. .
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

•

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Decline in real estate values

•

Defalcation
Heavy withdrawals of deposits
-I‘ilure of affiliated institution (Name)
Failure of corre.;pondent (Name)
Failure of large debtor (Name)

•

Other causes, (specify)
Factional differences among stockholders.

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

If so, state what industry or type of agriculture

Corn.

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?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments

9-19-29

$10.000.00

fa I
n

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

- BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

Type of bank reported—check
appropriate one of the following

0 National bank

Name of State

T] State bank
O Trust company
O Stock savings bank
O

Mutual savings bank

Oklahoma

O Private bank

1. Name of bank

2. Date organized

Farmers State Bank

11-1-17

3. Federal reserve district

Date suspended

10th

4. Number of branches operated: In city of parent bank

Town or City Braman.

9—'7-30

Population of town or city*

Member or nonmember of F. R. System

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County laj•AZI

E00

j,Tn

6. Condition figures, as of (date*)

11-.7-17

9-26-.30

Loans and discounts:
4,444.10

On real estate
Other

74,923.81
79,367,91

Total loans and discounts

7,600.00

Real estate acquired in satisfaction of debts

tD 768.55

Investments

8,365,24

All other resources

116,101,70

Total resources

20,000.00

Capital

3,701,01

Surplus and undivided profits
Deposits:
47,83

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

•

40,264.1:
84,380.69

Total deposits
Borrowings from F. R. bank

Mone

Borrowings from other banks

8,000.00
None

All other liabilities

116,101,70

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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

Secured

Preferred claims...

•

•
9 546 :

•
9 ,._6 :

claims

Payments from
guaranty fund

None

19,546.84

100%

None

24,810.01

Total claims

44,356685

62,025.0

24,810.01

81,571.8

General claims. . ..

44,556.85

10. Has this bank been finally liquidated?

Per cent of payments
to claims allowed

None

Total payments

40%
54.5%

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
•

Payments to depositors:
(Amounts in dollars)
Dividends paid from
collections

Claims allowed

Secured claims

(

Payments from
guaranty fund

Total payments

(

Preferred claims
General claims
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc

Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Whezt_and

If so, state what industry or type of agriculture

Wheat and oil.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1923
•

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

If so, give dates and amounts of all assessments

•I

••

Ile

911

- :

z: sie

It is indicated that 80% or more will be paid the common creditors
of this trust.

9
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

ljt State bank
[I] Trust company

•

Ej Stock savings bank

El Mutual savings bank
El Private bank

1. Name of bank

.......... .1c.1..a.la o in a

First State

2. Date organized 1-17-08

3. Federal reserve district

Town or City

Date suspended 1-10-24

10th

Bristow

Creek

4
Population of town or city* 1.3 .000

Member or nonmember of F. R. System_tes

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County

6. Condition figures, as of (date*)

1-10-24

Loans and discounts:
On real estate

21,871.00
750,517.15

Other
Total loans and discounts

752,388.15
6,492.31

Real estate acquired in satisfaction of debts
Investments

133,347.65

All other resources

111,029.06
_1.003.257.17_

Total resources
Capital

50,000.00

Surplus and undivided profits

10,406.54

Deposits:
$

Due to banks**

29,981659_

Demand deposits, including U. S. Govt. deposits

707,991.26

Time deposits, including postal savings

144624.78
$

Total deposits

879,
600.6

Borrowings from F. R. bank
57,000.00

Borrowings from other banks

6,250.00

All other liabilities

_1,0_03.257.17

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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
YOB

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

•

$ 129,197090

1,027. 6

Preferred claims...

• .. ' 0 :.
.

General claims: . ..

3.,027870_

2-----355,2413.95-

795,535.2

Total claims.. ..

3.00%

355,-940.95—

53.5%

486,3.66.55_

486466.55

10. Has this bank been finally liquidated?
Date liquidation was completed

100%

1,027.70

$ 129,197,90_$__129,197•90

Secured claims.

61.$

If so give:

Collections:
From liquidation of assets...•
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Secured claims. ..

Preferred claims
General claims
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

•

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specifY)
X
Losses due to unforeseen and unprededented,decline in value of
agricultural commodities, livestock and real estate following
existed during and for several years after the late war.

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

Oattie.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen19204
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
/

1-10-24 650.000•00

* Oonsolidaid—iiith the Bt18UT—Nationa1Alank—iiristowy4Maeltimme-

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

10
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

- Type of bank reported—check
appropriate one of the following

151

• National bank
Name of State

10 State bank

O
O
O
O

Trust company
Stock savings bank
Mutual savings bank

Okla b..o m a.

Private bank

1. Name of bank_

Bromide State

2. Date organized

5 -2-11
"

3. Federal reserve district

Town or City

Date suspended 12-49-.22

llth

Bromitie

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County

Coal
180

6. Condition figures, as of (date*)

12-29—n

Loans and discounts:

91272.98

On real estate

88,205.36

Other
Total loans and discounts

75 478.32

54301

Real estate acquired in satisfaction of debts
Investments

16,584605

All other resources

23,390.88
115,996.36

Total resources

10,000.00

Capital

4,244.99

Surplus and undivided profits
Deposits:
$

Due to banks**

3,818.84

Demand deposits, including U. S. Govt. deposits

29,630.49

Time deposits, including postal savings

36,560.79

Total deposits

70,010.12

Borrowings from F. R. bank
Borrowings from other banks

21,741.25

All other liabilities

10,000.00

Total liabilities

7. I-Ias this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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
9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Secured

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

claims

Preferred claims. . .
General claims
Total claims. . ..

10. Has this bank been finally liquidated? _yea_ If so give:
Date liquidation was completed
12.4-.29
Collections:
From liquidation ofassets

13 -7-95:
*
00 -

From assessments on shareholders

2,500.
00

Other collections (explain)
Total collections

_18,29540
--

237.3.4

Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Secured claims. . • • —1,2
1-045-039-

A
12*04589

---12.045•89--

Preferred claims.. .
General claims.. .. ___Iies50341.7_
Total claims. .. . ___70.549416_ --32-,045.89—

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

--12,0454139_ _______ l'? f•______

Primary
cause

Contributing
cause

Decline in real estate values

•

Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification

Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
X
value
Losses due to unforeseen and unprecedented decline in
of agricultural conmodities, livestock and real estate following the inflation
period which existed during and for several years after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

If so, state what industry or type of agriculture

Oottolta

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1920.

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

12-29.22 $10,000 00

(.1

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

52—e

•

9
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

- Type of bank reported—check
appropriate one of the following
E] National bank
Name of State

4E1 State bank

p•-••

LI Trust company,

•

[1] Stock savings bank
,
El Mutual savingscbank

....................m..a

0 Private bank

1. Name of bank

Oklahoma State

2. Date organized 4.5-10

Date suspended

3. Federal reserve district

Town or City Oaddo

3-18-22

Population of town or city* 1421

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

CountyprYan

6. Condition figures, as of (date*)

3-18.42

Loans and discounts:
$

On real estate

_7,980.20

271,202.31

Other
Total loans and discounts

27_9,182.51_

Real estate acquired in satisfaction of debts
Investments
All other resources

43 411.04 _
•

•

43,267.78
_

__365,_861.33

Total resources
Capital

4
35 000•00_____

Surplus and undivided profits

16404.17_

Deposits:
$

Due to banks**

1,340.00

Demand deposits, including U. S. Govt. deposits

116,672.29

Time deposits, including postal savings

99A5
11708

Total deposits.................................................$

235,931.44

Borrowings from F. R. bank...............................................
Borrowings from other banks............................................

78,845.72

All other liabilities
_565,861.33

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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? _Yell_ If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections

Claims allowed

Secured claims. .. _i_ 64

AL46,184.43__

Total payments

4-461184.43

Per cent of payments
to claims allowed

71.6%

19,000.00

Preferred claims

Payments from
guaranty fund

19,0.00

100%

39$684.49

39,684.49

23%

General claims.. ..

Total claims.

2314663410,___104
4_868.9
i

10. Has this bank been finally liquidated?

1868.92_
_104

2
,5

.%
44 3

If so give:

Secured claims
Preferred claims.. .
General claims. . . .
Total claims.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc

Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondeiit (Name)
.
Failure of large debtor (Name)
Other causes, (specify)
Losses due to unforeSeen and unprecedented 'decline in value
of agricultural commodities, livdstock and real estate, following the infletion
period which existed during and for several years after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
Yes

or agriculture?

If so, state what industry or type of agriculture

Oottaus

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1_920.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments

3-18-22, $35,000000

N.:1,0

3.0

22—

•

9
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

Type of bank reported—check
appropriate one of the following
O

State bank

1,9.
9

National bank
Name of State

O Trust company

•

0 Stock savings bank
O

Mutual savingslank

Okla

Private bank

1. Name of bank

pirst State

2. Date organized 11-10-17

3. Federal reserve district

Town or City

Date suspended

11th

1-10-27

Oalera

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Bryan

75
51

No.

6. Condition figures, as of (date*)

1-10-2'7

Loans and discounts:
$

On real estate

4,039.24

25,575.75

Other

Total loans and discounts

29 614.99
,
8,510.50

Real estate acquired in satisfaction of debts
Investments

18,229.63

All other resources

12,133.99
_6144894n—

Total resources

10800040

Capital

560.72

Surplus and undivided profits
Deposits:
14.242

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

49,
664.78
2,262099

Total deposits

$--521070•33---

Borrowings from F. R. bank

5,858.22

Borrowings from other banks
.All other liabilities

68,489.11

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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
9. Is this bank still in process of liquidation?

Yee

If so give payments to date:

(Amounts in dollars)
v
Dividends paid from
collections

Claims allowed

Secured claims. ..

' .. • .•
•

Payments from
guaranty fund

_4_261836.51

Total payments

4-2-6,616•51—

Per cent of payments
to claims allowed

1000

Preferred claims
+
13 586.22

General claims. .. _27 1_7_2.44Total claims.. . __531808,95_

13 586.22

-401222.1.3--

10. Has this bank been finally liquidated?

50%

_$40,222J3_

74.713-

Total payments

Per cent of payments
to claims allowed

If so give:

Date liquidation was completed
Collections:
From liquidation of assets.
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Secured claims. . . .

Preferred claims
,
General claims
Total claims. ...

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Payments from
guaranty fund

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc

•
X
X

•

Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

If so, state what industry or type of agriculture

Ootton.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1922.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments
/

1-19-26.425 000..00
1-10-27, 410,000.00

4/3 2-

10
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
sitsperision.

• Type of bank reported—check
appropriate one of the following

153

O National bank
Name of State

Ec State bank
O Trust company

Stock savings bank

O Mutual savings batik

Oklaho.m.a

O Private bank

1. Name of ban

Bank o f

2. Date organized 8-1-07

3. Federal reserve district

Cameron

Town or City °aIller°11

Date suspended 61,17-22

10th

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County LeF34re
792

6. Condition figures, as of (date*)

6.17022
,

Loans and discounts:
On real estate

5,582,50
48,506068

Other

Total loans and discounts

54,069018

Real estate acquired in satisfaction of debts
13,089052

Investments
All other resources

•

9,416.41_
76 575.11
4

Total resources

s000
.00

Capital

2,953044

Surplus and undivided profits
Deposits:
276094

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

32,955,33

•

8,845048

Total deposits

42107705

Borrowings from F. R. bank
21,54309a

Borrowings from other banks
All other liabilities

76,575011

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

S. 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)
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?

Yea

If so give:

10-1-27

Date liquidation was completed
Collections:
From liquidation of assets

From assessments on shareholders

1445701
1010.00
2

Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)

Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured

claims

10,700.00

22$403.37_

Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Payments from
guaranty fund

Total payments

t10,700.00

,
__1$792.27_

Preferred claims.
General claims. ...

Dividends paid from
collections

.33,1O3.37
%,

1,792.27

____12 49_2,27
4

.27
12$492
!

Per cent of payments
to claims allowed

100 %

Primary
cause

Contributing
cause

Decline in real estate values

•

Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

X
Losses due to unforeseen and unprecedented decline in value
of agricultural commodities, livestock and real estate following the inflation
period which existed during and for several years after the late war.
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

Cotton.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

3.920

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments

2-4.-22, 41 3,00000'
6-17-22, 410000.00

.#
0 ›,,

•

10
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

Type. of bank reported—check
appropriate one of the following

173

O National bank
/0 State bank

Name of State

O Trust company
O Stock savings bank
O Mutual savings bank
O Private bank

1. Name of bank

2. Date organized

Oklahoma

Oanadian StR ta

fi...3-13

3. Federal reserve district

Town or City Oanedian

Date suspended 12-17-.23

10th

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Pitts bu_rg

481

6. Condition figures, as of (date*)

- 12 17 23

Loans and discounts:
4,21908

On real estate

59,339.92

Other

Total loans and discounts

63,559.68

Real estate acquired in satisfaction of debts

7,351.37

Investments

2,826.25
15,079.65

All other resources

88,816.95

Total resources

•
15 000.00

Capital

5,540.75

Surplus and undivided profits
Deposits:

59108

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

32,334,85
1,894.67
34,621.30

Total deposits
Borrowings from F. R. bank

35,654.90

Borrowings from other banks
All other liabilities

88,816.95

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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? _lea_

If so give:

10.4.47

Date liquidation was completed
Collections:

From liquidation of assets •
From assessments on shareholders

20 072•49
•
5,427 04
•

Other collections (explain)
_1115.499•49

Total collections
Offsets to claims (loans paid, etc.)

205645

Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims. .. . _t__40100-*

Dividends paid from
collections

4 •
1 478

-1 562TAO
4
3
4478020

General claims. ...

31,6654

1108.1.14_

Total claims. . ..

3'4143
•

14 121.84
1

Preferred claims. . .

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Payments from
guaranty fund

Total payments

4562
-*-50
—1,478,20

1 11,081414
0 3.4,12.a.$134___

Per cent of payments
to claims allowed
--,

39%
100%
35%
564% 32'

Primary
cause

Contributing
cause

Decline in real estate values

•

Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc

•

X
Other causes, (specify)
Losses due to unforeseen and unprecedented decline in value of
agricultural conrodities, livestock and real estate, following the inflation period
which existed during and for several years after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yee

If so, state what industry or type of agriculture

Cotton.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1920.

12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments

12-117-23, $15.
000400

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

, Type of bank reported—check
appropriate one of the following

•

O
21
O
El

Stock savings bank

Mutual savings bank

National bank
Name of State
State bank
Trust company
Qk 1 ahoma

O Private bank

1. Name of bank Carmen State Rank

2. Date organized

Date suspended 10-1E3-.30

14-25-23

3. Federal reserve district

Town or City

loth

Carmen

County Alfalfa

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**

S. 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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

800

6. Condition figures, as of (date*)

10-.17-30

Loans and discounts:
On real estate

None

Other

840581.48

Total loans and discounts

84,58.1.48

Real estate acquired in satisfaction of debts

Nona

Investments

11,025.5

All other resources

734.452

Total resources

—104,34L32
150000.00

Capital
Surplus and undivided profits

060 06
•

Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

—2- 8-73.64
1
4
$

Total deposits

74,470.76

Borrowings from F. R. bank

None

Borrowings from other banks

10,810.50
None

All other liabilities
Total liabilities

7. Has this bank been reopened?
Date of reopening

104,341.32
Yes

If so give:

12-1-30

Name under which reopened

.
Cl tiz_ens State Bank, onrynAnt Okla.
Amount of loss

Loss to depositors on:
Secured claims
Preferred claims
General claims
Total

None

Per cent of loss
to claims
None

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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
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

Total payments

Per cent of payments
to claims allowed

Secured claims
Preferred claims
General claims. .
Total claims.

If so give:

10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assetsFrom assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:

(Amounts in dollars)
Claims allowed

Secured

claims

Dividends paid from
collections

Payments from
guaranty fund

Preferred claims
General claims. .
Total claims. .. .

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Primary
cause

Contributing
cause

Decline in real estate values

•

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Ye2

If so, state what industry or type of agriculture

Wheat.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

19254

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

1-18-3Gt 100
WA dn mit the_

If so, give dates and amounts of all assessments
4,15.0.00.00 practically n 11 of Rh_ioh was pRid.
1

xact amount at this dates

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

• Type of bank reported—check
appropriate one of the following
O

National bank

Name of State

State bank
O Trust company

•

0 Stock savings ball
O

Mutual savings bank

0 1g

O Private bank

1. Name of bank__

2. Date organized

First State

2-10-05

3. Federal reserve district

1
Town or City Oa 3311831

Date suspended 9-18-.23

10th

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County

Alfalfa

792

9-18-23

6. Condition figures, as of (datc*)
Loans and discounts:
On real estate

111,354.39

Other
Total loans and discounts

115,581.19

Real estate acquired in satisfaction of debts
Investments

41600.00

All other resources

5,784.59

125.955.,8

Total resources

15,000.00

Capital
Surplus and undivided profits
Deposits:

2,374.11

Due to banks**
Demand deposits, including U. S. Govt. deposits

71,813.68_

Time deposits, including postal savings
$

Total deposits

103,337.28

Borrowings from F. R. bank
5,000.00

Borrowings from other banks
All other liabilities

125,965.98

Total liabilities

7. I-Ias this bank been reopened? _Yes_ If so give:
Date of reopening

10-15-23

Name under which reopened
Loss to depositors on:

Oarmen State Bank, Oarmen,Oklahoma•
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims

35,293.05

35%

Total

33,293.05

34.1%

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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:

Secured

claims

Preferred claims
General claims
Total claims. . ..

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

Primary
cause

Contributing
cause

Decline in real estate values

•

Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Losses due to unforeseen and unprecedented decline in /alma
modities, livestock and real estate, following the inflation period which existed
during and for several years after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
Yes

or agriculture?

If so, state what industry or type of agriculture

Wheat..

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen19204
,

sion?

12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

YeB

9-18.

If so, give dates and amounts of all assessments

9
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

Type of bank reported—check
appropriate one of the following

0 National bank

Name of State

J t State bank,,
ID Trust company
p Stock savings bank

•

LI Mutual savings bank

0 k .1 it 12.o m a

Private bank

Name of bank

2. Date organized

Citizens State Bank

1203,6.

Date suspended

Town or City

32824

Cialnegie

Population of town or city*

Member or nonmember of F. R. System

3. Federal reserve district

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County

Caddo

2,500

6. Condition figures, as of (date*)

548.24

Loans and discounts:
On real estate

'7042.69

Other

175,412.25

Total loans and discounts

183,154.94

Real estate acquired in satisfaction of debts

20,13345

Investments

-145E1843

All other resources

-35451345

Total resources
Capital

24000.00

Surplus and undivided profits

15,286.03.

Deposits:
Due to banks**

4690.20_

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

'?9
1.Z&,022.
34,.692.04
173,405.03

Totaldeposits
Borrowings from F. R. bank
Borrowings from other banks

39,719.50
624.53

All other liabilities
Total liabilities

7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Dividends paid from
collections

Claims allowed

Payments from
guaranty fund

Per cent of payments
to claims allowed

Total payments

Secured claims... $ 9,000.00

$ 6,906.85

Preferred claims..

10,000.00

8,100.00

81100.00

81 %

General claims. ...

148,121.38

741080.69

74,060.69

50 %

Total claims.. . _167,121*38-

A9$067•54

10. Has this bank been finally liquidated?

76 7
.%

4---4906.85—

4 89-067.54*

53.2%

If so give:

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Secured

claims

Preferred claims
General claims.
c
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

(

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc

•
X

•

Other causes, (s'pecifY)
X
.due to unforeseen and unprecedented decline in value og
Losses
agricultural commdities, livestock and real estate, following the inflation period
which existed during and for several years after the lete war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yee

If so, state what industry or type of agriculture

COttOno

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen1920.

sion ?

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

7-28-21,

13,250.00

12-15-22,

3,125.00

3-28-249 4 25,000.00

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

If so, give dates and amounts of all assessments

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

Type of bank reported—check
appropriate one of the following
O

1C0

National bank

Name of State

State bank
0 Trust company

i• •

O Stock savings bank

•

• Mutual savings bank

0 k .1 a h o.m a

• Private bank

1. Name of bank

2. Date organized

Farmers State

9-14-08

3. Federal reserve district

Date suspended

Town or City Cashion

11-20-28

10th

Population of town or city*

_.4D0

Member or nonmember of F R. Systeni_______No___

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Kingri slier

6. Condition figures, as of (date*)

11■20•.26

Loans and discounts:
On real estate

4,085.00

Other

--1194145•67—

Total loans and discounts

123,230.67

9,450.64

Real estate acquired in satisfaction of debts
Investments

16,769AZ

All other resources

, 424094.34
191,545.08

Total resources
Capital

10,00040

Surplus and undivided profits

14,838.14

Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

137,553088
16,732685
$

Total deposits

154,286073

Borrowings from F. R. bank
12,420.21

Borrowings from other banks
All other liabilities

_A 1919545•08
.

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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:

yea

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Preferred claims
General claims.. . .
Total claims.. ..

6 13,000.0 4 13,000.00

.
$ 13000 00_

100%

5,913.6

Secured claims. ..

5,913.62

5,913._62_

10
0%

119$008a

19_3_454.8_0
,

14,454.80

13%

3b
13Z922.

33,368.42

4 33,368.42

10. Has this bank been finally liquidated?

24.1%

If so give:

Date liquidation was completed
Collections:
From liquidation of assep
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims. . . .
Preferred claims
General claims.
Total claims. .. .

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Decline in real estate values

•

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)

Other causes, (specify)
Losses due to Unforeseen and unprecedented decline in value
of agricultural commodities, livestock and real estqte following the inflation
period which existed during and for several years after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
Yes

or agriculture?

If so, state what industry or type of agriculture

Wheat.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen1921.

sion?

12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yea

If so, give dates and amounts of all assessments

9-8-24, $10,000.00
11..20-26, $10,000.00

• • z,
•

•

9
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 susbended 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
AD State bank

189

Name of State

LI Trust company
• Stock savings bank

•

Mutual savings bank

0 k .1 a h.o m a

la Private bank

Town or City Cashion

1. Name of bank__ First State

2. Date organized

10-8-23

3. Federal reserve district

Date suspended 10-6-24

10th

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County_Kingfisher

400

6. Condition figures, as of (date*)

10-6.-24

Loans and discounts:
On real estate

_ R.59 •99
0

62,853.05

Other
Total loans and discounts

71,35305

Real estate acquired in satisfaction of debts

5,300.00

Investments

12,248.29

All other resources

11E4901.34

Total resources

25,000.00

Capital

4,373.05

Surplus and undivided profits
Deposits:

1,996.08

Due to banks**
Demand deposits, including U. S. Govt. deposits

36,273.22

Time deposits, including postal savings

13,330.81
$

Total deposits

51,600.11

Borrowings from F. R. bank.............................................
Borrowings from other banks

6,628.18

All other liabilities

1,300.00
88,901.34

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

8. Has this bank been taken oveby 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. .
Preferred claims.. .
General claims. . ..
Total claims. . . .

10. Has this bank been finally liquidated? —Yea_ If so give:
Date liquidation was completed
9.'23"28
• Collections:
From liquidation of assets

24,447.35

From assessments on shareholders

8,093.21

Other collections (explain)
Total collections

.34540458

Offsets to claims (loans paid, etc.)

3,330.58

Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Secured claims. . . . _-Preferred claims.. . _

3,334.00_

G eneral claims. . . . _ 46,118.85- Total claims.. . . _49,452,135- --

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

•c

Payments from
guaranty fund

Total payments

_ _-

3,334.00

$• 3,334.00

.08
20,984

—211/2984-48—
424,318.08

24,318.08

Per cent of payments
to claims allowed

—1 4-°G-0

40.1 %

Primary
cause

Contributing
cause

Decline in real estate values

•

Defalcation

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
*
Other causes, (specify)
X
unprecedented decline in value
Losses due to unforeseen and
of agricultural commodities, livestock and real estate, following the inflation period
which existed during and for several years after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
Yes

or agriculture?

If so, state what industry or type of agriculture

1Th eat.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen1920.

sion?

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Tee
10-6.24

If so, give dates and amounts of all assessments

425,000.00

10 93

— A reorganization of the Pirst National Bank or Cashion..

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

9
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

pg State bank

O
O
O
LL

Trust company
Stock savings bank
Mutual savings bank

Oklahoma

Private bank

1. Name of bank

2. Date organized

Faxmers State

3- 7-06
0

3. Federal reserve district

Date suspended

Town or City

2-25-24

10th

Cement

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County

Caddo

T70

6. Condition figures, as of (date*)

2-25-24

Loans and discounts:
On real estate

18,288 85
•

Other

64,203.33
$

Total loans and discounts

82,490.18

Real estate acquired in satisfaction of debts

2O,p40•
37

Investments

17 459 72
•

All other resources

28,781.65
_149,571.92_

Total resources

15,000.00

Capital
Surplus and undivided profits

4,518.51

Deposits:

1,392172

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

83 572.59
4
9,876.30

Total deposits

94,841.62,_

Borrowings from F. R. bank

35,011.80

Borrowings from other banks
All other liabilities

149_071492

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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
Yea

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Secured claims. . . . $ 5,000.00-

Dividends paid from
collections

Payments from
guaranty fund

0 5 000.00 —
1

Total payments

Per cent of payments
to claims allowed

100%

$_5,004.00____

868.73

100%

General claims. . . . __ 69,064J.0-

54798,07

53 79847
4

75%

74 932 83
, ,
,.

57r666,80

Preferred claims...

Total claims. . ..

10. Has this bank been finally liquidated?

78•2% 1 ‘

—5-4666.80---

If so give:

Date liquidation was completed
Collections:
From liquidation of Assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

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.. ..

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

— —

•

, -.;

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc

•

Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
X
Other causes, (specify)
unforeseen and unprecedented decline in value
Losses due to
of agricultural commodities, livestock and real estate, following the inflation
period which existed during and for several years after the late war.

•

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

If so, state what industry or type of agriculture

Cotton.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen3920

sion?

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

7-11-22, 41 25,000.00
5-15-23,

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

4 15,000.00

If so, give dates and amounts of all assessments
1-3-241 415,000.00
.,4 2 570
2-25-24, $15,000.00 Ae :5- 5—,

8
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

Type of bank reported—check
appropriate one of the following
O

National bank
Name of State

J State bank
• Trust company
O Stock savings bank

•

O Mutual savings bank

Oklahoma

O Private bank

1. Named bank

2. Date organized

Town or City Centralia

rirst State

12-.20-19

3. Federal reserve district

Date suspended

4-5-30

Population of town or city*

Member or nonmember of F. R. System

4. Number of branches operated: In city of parent bank

Outside city of parent bank**

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County

Craig

303

6. Condition figures, as of (date*)

4e-5.-30

Loans and discounts:
On real estate

1,670.00

Other

16,720.86

Total loans and discounts

1E4%390.86

Real estate acquired in satisfaction of debts
Investments

8,364.09

All other resources

9,389.38
35,944.33

Total resources

15,00040

Capital
Surplus and undivided profits

4265.46

Deposits:

123673

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

17,052
.48
1,44440
$

Total deposits

18,620.21

Borrowings from F. R. bank
Borrowings from other banks

920003

All other liabilities

138.63

Total liabilities

7. I-Ias this bank been reopened?

35,944.33
If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over

First—lietional Bank, Vinitat Okla.

Date taken over
Loss to depositors on:
Amount of loss
None

Secured claims

Per cent of loss
to claims
Nøne

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. . . .

If so give:

10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From lividation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:

(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims
General claims. ..
Total claims. .. .

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

Primary
cause

Contributing
cause

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)

•

Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yee

If so, state what industry or type of agriculture

Corn and wheat.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1925.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments

4-5-30 $15 000

10
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
susbension.

Type of bank reported—check
appropriate one of the following
▪ National bank

1_50

Name of State

State bank
11] Trust company

•

LI Stock savings bank
▪ Mutual savings bank

Oklah.oin. a

Private bank

1. Name of bank

2. Date organized

Chattanooga State

2-3-03

3. Federal reserve district

Date suspended

Town or City Chattanooga

12-12-21

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Ccaanehe

50'7

_NO_

6. Condition figures, as of (date*)
Loans and discounts:
On real estate

5,998:90
.88
134,702

Other
Total loans and discounts

140,701,78
578.00

Real estate acquired in satisfaction of debts
Investments

_2,844.55 _

All other resources

•

20,889 55
•
165,011.88

Total resources
Capital

15,000400

Surplus and undivided profits

12
,

3a7.96._

Deposits:
494.04

Due to banks**
Demand deposits, including U. S. Govt. deposits

86,707.86

Time deposits, including postal savings

25,020.15_

Total deposits

112,222.05

Borrowings from F. R. bank
25,481.87

Borrowings from other banks
All other liabilities

165,011.88

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

v.,

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

Secured

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

claims

Preferred claims
General claims. . .
Total claims..

10. Has this bank been finally liquidated?

Yee

If so give:

&'273O

Date liquidation was completed
Collections:
From liquidation of .assets

$_109*563.42

From assessments on shareholders

00___
15 000.

Other collections (explain)

224,563A42

Total collections
Offsets to claims (loans paid, etc.)

2,2-13.46--

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

Preferred claims.. .
105,378.46

99,582.56

Total claims. .. . 4.0zywa.46_

99,582.56

4 gg)
5E12.5_6_

General claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

94.5%

Primary
cause

Contributing
cause

Decline in real estate values

•

Losses due to unforeseen and unprecedented decline in value
of agricultural commodities, livestock and real estate, following the inflation
period which existed during and for several years after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
Yes

or agriculture?

If so, state what industry or type of agriculture

Cotton.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen1990,

sion?

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments
00

12-12-21, $151000.00

/9/. /5" o0 0

•

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

a. Type of bank reported—check
appropriate one of the following

154

LI National bank
IC State bank
LI Trust company

Name of State

O Stock savings bank

•

D Mutual savings bank
O Private bank

1. Name of bank

0 lc. 1 a 13, 9 131 a

State Bank of Choctaw

2. Date organized

3. Federal reserve district

Town or City Choctaw

Date suspended 11-2-22

10th

Oklahoma

Population of town or city*_24,2

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County

6. Condition figures, as of (date*)

11-2-22

Loans and discounts:
On real estate

1,700.00
88$777.86

Other
Total loans and discounts

90,477.86

Real estate acquired in satisfaction of debts
Investments

12,099.65

All other resources

10,709.95
113#287.46

Total resources

10,000.00

Capital
Surplus and undivided profits

5,985.27

Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits

49.581.53

Time deposits, including postal savings

46.624.53

Total deposits

96,206,08

Borrowings from F. R. bank

1,09641

Borrowings from other banks
All other liabilities

J.1.3,287.46

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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

Y68

If so give:

11.-24.•28

Collections:
28,427.72

From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections

_____213$427,72

Offsets to claims (loans paid, etc.)
4

4,624.10

Payments to depositors:
(Amounts in dollars)
I
Claims allowed

4
Secured claims. . . .$_11. 4M0_0_0__

Dividends paid from
collections

Payments from
guaranty fund

Total payments

4_7_0,35.
7$435.10

Per cent of payments
to claims allowed

674%

Preferred claims... .._
General claims. . .. _ 85,216.88

14,75440

-14,754.80

174S

Total claims.. .. — 961216.68

22,189.70

4 22,189.70

25%

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Primary
cause

Contributing
cause

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Losses due to unforeseen and unprecedented decline in value
of agricultural commodities, livestock and real estate, following the inflation
period which existed during and for several years after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
Yes

or agriculture?

If so, state what industry or type of agriculture

Cotton.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?1
920.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments

11-2-22, 410,000.00

•

10
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 sus.
pentled 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

201_

Name of State

411 State bank .
El Trust company

•

LI Stock savings bank
LI Mutual savings bank

Olclaphoma

{] Private bank

1. Name of bank_141 mera& Merchant:I

2. Date organized

2-27-06

3. Federal reserve district

Town or City

Date suspended 10-18-27

10th

Choteau

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Mayes

483

6. Condition figures, as of (date*)

10..•18•.27

Loans and discounts:
On real estate

8,40648

Other

26# 512081
34,919.79

Total loans and discounts

5,814.48

Real estate acquired in satisfaction of debts
Investments

13,918.00

All other resources

•

14,586.14
69,238.41

Total resources

15,000.00

Capital

2,691.12

Surplus and undivided profits
Deposits:
8

Due to banks**
Demand deposits, including U. S. Govt. deposits

2,663.86
3.40413:05

13.433..03_

Time deposits, including postal savings
.

42,694.94

Total deposits
Borrowings from F. R. bank

8,852.33

Borrowings from other banks
All other liabilities

60,238.41

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

•

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

Yea

If so give:

Collections:
From liquidation of assts

From assessments on shareholders

22,006.05
5,942.37

Other collections (explain)
Total collections

27,948.42
$

Offsets to claims (loans paid, etc.)

4,050.88

Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

4 9,500.00
i r

,. $ 9,500400

Preferred claims... _ ' 2.23E450

2 238.50
4

Secured claims.. .

General claims. . . . ____21,153•70.
Total claims. . .. _38
199240

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

60881421
.
18,526.91

Payments from
guaranty fund

Total payments

„ -94500
4
-moo
_2,238.50_
6,788.42
0 18,526.92

Per cent of payments
to claims allowed

l00%
100%
25%
47.5%

Primary
cause

Contributing
cause

Decline in real estate values

•

Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification

Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Losses due to unforeseen and unprecedented decline in value
of agricultural commodities, livestock and real estate, following the inflation period
which existed during and for several years after the late war.

411

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

Cattle.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?1
921.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments

.11-18-24, $1,500.00

'T-1645., 4 7,500.00

.o
.
io-A8.2,71_43.5t000

10
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 susperided 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

190

Name of State

E State bank
O Trust company
O Stock savings bank

•

Mutual savings bank

Private bank

.............. O.

1. Name of bank

First State

2. Date organized

10-11-04

Town or City

Date suspended

3-26-'24

3. Federal reserve district

.1. a .4. P. la

Choteau

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County

MaYes

483

6. Condition figures, as of (date*)

5i..2en24

Loans and discounts:

1,272.61

On real estate

30,147.33

Other

Total loans and discounts

31,419.94
14,800.00

Real estate acquired in satisfaction of debts
Investments

7,246.56

All other resources

8,173.88
61,640413

Total resources
Capital

10,000.00

Surplus and undivided profits

2,087.90

Deposits:
Due to banks**

287.17

Demand deposits, including U. S. Govt. deposits

24,961.45

Time deposits, including postal savings

10,347.36

Total deposits

35,595.98

Borrowings from F. R. bank
Borrowings from other banks...........................................

13,976.50

All other liabilities

64640.38

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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
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

_DA_

If so give:

5.•8.-20

Collections:
From liquidation of assets

From assessments on shareholders

16,410.47
1,838.80_

Other collections (explain)
Total collections

18
4249.30

Offsets to claims (loans paid, etc.)

860.32

Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims. . . 3
.
59000.00
Preferred claims. . '
General claims. ..
Total claims. ...

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

4----5-030M0
,

28,457.64

7,114.41

33,457.64

12,114.41

Payments from
guaranty fund

Total payments

4-5
$000.

7,114.41

4 1.242.4.43.__

Per cent of payments
to claims allowed

100%

SO
36.2%

Primary
cause

Contributing
cause

Decline in real estate values

•

Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
X

If so, state what industry or type of agriculture

Cattle.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1920.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

1-12.-22

If so, give dates and amounts of all assessments
10 000 00

346-24, $ 10,000.00

1.5_31fjP

•

3.0

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 susended 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

155

National bank
Name of State

1] State bank

•

LI Trust company
LI Stock savings bank
111

Mutual savings bank

Oklahoma

LI Private bank

1. Name of bank

2. Date organized

First State

6-7...10

3. Federal reserve district

Town or City °larita

Date suspended 8 3-22

11th

Ooal

Population of town or city* 300

Member or nonmember of F. R. System__ Ito

4. Number of branches operated: In city of parent ban

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County

6. Condition figures, as of (date*)
Loans and discounts:
On real estate

15,880.73
175,524.00

Other
Total loans and discounts

S____M#404•73__

5,466.43

Real estate acquired in satisfaction of debts
Investments

10,086.41

All other resources

19,877.70
226,835.27

Total resources
Capital

15,000•00

3,872.52

Surplus and undivided profits
Deposits:

44241.91

Due to banks**
Demand deposits, including U. S. Govt. deposits

84.940.61

Time deposits, including postal savings

59,582,27

Total deposits
Borrowings from F. R. bank

52,018.96

Borrowings from other banks
All other liabilities

_226,835.21__

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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

Yea
If so give:
5-13-29

Collections:
.
From liquidation of assets

8,22'1.63

From assessments on shareholders
Other collections (explain).Fidelity. 1ionds

_3.150.00

Total collections

_
$

Offsets to claims (loans paid, etc.)

11,377.63
7,513.34

Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Secured claims. . .. 4-12
4900.00 4--55410.43Preferred claims. ..
431.44
9,618.13

Payments from
guaranty fund

Total payments

4 5,410.43
431.44--

Per cent of payments
to claims allowed

41.9%
4.4

General claims. . . . - 106,100.53
Total claims. . .. --128,618.66

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

5,841.87

0 5,841.87

4.5% ____

Primary
cause

Contributing
cause

Decline in real estate values

•

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

X
•
Losses due to unforeseen and unprecedented decline in value
of agricultural commodities, livestock and real estate, following the inflation period
which existed during and for several years after the late ware
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

If so, state what industry or type of agriculture

Cottons

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?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments
i

8•.3-221 $15,000.00

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

Report on a separate schedule each bank closed to the public either temporarily or permanently
-by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks sus'pended 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
/fl
1=1
EJ
LII
0

157

National bank
Name of State

State bank
Trust company
Stock savings bank
Mutual savings bank

Oklahoma

Private bank

1. Name of bank

2. Date organized

Firsttate

4-1-18

3. Federal reserve district

Town or City

Date suspended

3-27-22

11th

Clayton

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County

Pushmataha

700

6. Condition figures, as of (date*)

3-27-213

Loans and discounts:
On real estate

,39'7.80
72,681.05

Other
Total loans and discounts

86,078.85

Real estate acquired in satisfaction of debts

4,28340

Investments

4,466.40

All other resources

6,895.70

Total resources
Capital

10,000.00

Surplus and undivided profits

6,755.28_

Deposits:

129.74

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

35.65446
6,338.00
42,121080

Total deposits
Borrowings from F. R. bank

42,84747

Borrowings from other banks
All other liabilities

1.02.024.25

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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

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? __DM_ If so give:
645.29
Date liquidation was completed
Collections:
From liquidation of assets.

8_1442545_

From assessments on shareholders

600 00
•

Other collections (explain)

_19s025.55

Total collections
Offsets to claims (loans paid, etc.)

$--3 -970-410—
4

Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Secured claims . . .. _$____
9
Preferred claims.. . ___17 27
General claims....
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

• •
—. —1500•00-

Payments from
guaranty fund

—

Total payments

Per cent of payments
to claims allowed

a.,374).32
'
i"

40.2%

500-00

8.8%

_46.313461_

44955.95--5,13-7042--

4,1v970.32---

9.2%

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc

•

Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
bassets due to unforeseen and unprecedented decline in value
of agricultural commodities, livestock and real estate, following the inflation
period which existed during and for several years after the late war.
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

Cotton.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? •

1920.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments

3-27-22, $10,000.00

/ 4 600 0°
0

•

9
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 susvended 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
suspthision.

Type of bank reported—check
appropriate one of the following
EJ

135

National bank
Name of State

•c

[7g State bank

O Trust company El Stock savings bank
O Mutual savings bank

Oklahoma

0 Private bank

1. Name of bank

2. Date organized

2-274
2

Town or City Cleveland

Aclelity_S_tatte_l_kuk

3. Federal reserve district

Date suspended

2-1649

1.0th

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Pawnee

27
"

6. Condition figures, as of (date*)

2..16-29

Loans and discounts:
pip9.00

On real estate

75,580.77

Other
Total loans and discounts

84,473.77
5,322.48

Real estate acquired in satisfaction of debts

105,753.93

Investments

57,259.30

All other resources

252,809.48

Total resources

25,000.00

Capital

3,800.39

Surplus and undivided profits
Deposits:
325.75

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

175,692.54
47,920^130
$

Total deposits

224,009.09

Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
252,809.48

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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)

Dividends paid from
collections

Claims allowed

Payments from
guaranty fund

Total payments

.
Secured claims... . $ 89,405.61 $ 899405 61

Ati_89,4045.41-

6,465.07

6,065.07

---6,065.07—

General claims

115,310.78

63,420.92

63e420,92

Total claims

210,781.46

158,891.60

Preferred claims

10. Has this bank been finally liquidated?

Per cent of payments
to claims allowed

100%
100%
5$%
75.3%

If so give:

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Secured claims

Preferred claims
General claims
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

_.
-

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Decline in real estate values

•

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspoildent (Name)
Failure of large debtor (Name)Wartin .1silerc.aUtae

Other causes, (specify)

X
unprecedented decline in value of
Losses due to unforeseen and
agricultural commodities, livestock and real estate, following the inflation period
which existed during and for several years after the late ware
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

Oattle

If so, state what industry or type of agriculture

Mercantile,

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?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments

1
2.-1-24y #25,00000
11-148, $15,000.00
2-16-29, 425,000.00

a
l

96 7
"or z.
t t

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 susperided 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.

4.Typo of bank reported—check
appropriate one of the following
111

National bank

TD
O

State bank

iii
Name of State

•4

Trust company

O Stock savings bank

•

0 Mutual savings- bank
O private bank

1. Name,of bank__ Bank or Commerce

Town or City

Coalgate

County

Coal

2. Date organized

2-9-25

3. Federal reserve district

Date suspended

11th

2-4-27

Population of town or city*

Member or nonmember of F. R. Systern____No_

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

Morley & Fry

(McAlester Trust Co.)

* 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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

3009

Yes

6. Condition figures, as of (date*)

2.447

Loans and discounts:
6,016.50

On real estate

57.59349

Other

Total loans and discounts

63,609.79

5,134.65

Real estate acquired in satisfaction of debts

101,420.38

Investments

24#779.37

All other resources

_194,944.19

Total resources

25,000600

Capital

6,614.07

Surplus and undivided profits
Deposits:

377.59

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

132,592.65

2,514,88

Total deposits

8-135.485•12

Borrowings from F. R. bank
Borrowings from other banks

18,845.00
9,000.00

All other liabilities

194,944.19

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

•

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

yea

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.. . .lir 912480.28_ _Al_ 89 345.30

-$-892345.30-

__691•98_.

591.98

691.98

100%

5
General claims. . .. _39., 787.44-

272851.20_

272851.20

70%

Preferred claims. ..

$ 3172888.48

Total claims.. • • -131,959-00---1172888.48_ _

10. Has this bank been finally liquidated?

89.3%

If so give:

Secured claims.
Preferred claims
Gendral claims
Total claims. . ..

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Decline in real estate values

•

Failure of correspondent (Name)..MPAieet.e.Z Tr.t48t u4*
Failure of large debtor (Name)

•

Other causes, (specify'
)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

If so, state what industry or type of agriculture

aOttOna

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen1925

sion?

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yea

If so, give dates and amounts of all assessments
el

2-4-27, 425,000.0
.

Ap -4
rit• 2' 5(

9
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 susp• ended 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

113

O National bank
E State bank

Name of State

O Trust company
O Stock savings bank
O Mutual savings.bankt

0 k .1 a h o. m a

Private bank

1. Name of bank

State Bank o f CollinzYiile_Town or City Collinsville

2. Date organized 2-•12-12

Date suspended

3. Federal reserve district

10th

10--3-27

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Tulsa

4000

6. Condition figures, as of (date*)
Loans and discounts:
On real estate

6,131.75
123,808.85

Other

129,940.60

Total loans and discounts
Real estate acquired in satisfaction of debts
Investments

46,016.19

All other resources

35,946.73

Total resources

2ALAiktii_M__ -25 00000
•

Capital

_ 14,238.32 —

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits

118,919.06

Time deposits, including postal savings

—
$

Total deposits
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities

224,918.O0_

Total liabilities

-Jas this bank been reopened?
7. 1

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

•

]58,Z.56_

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

yea

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

$ 331785,12—

100

I 33,785.1

Secured claims..
Preferred claims...

$ 55,785 12

11253.

General claims. . . . _11.5$0
Total claims. . .

253'77

$2534-7-7----

100%

28,1_60.25

25%

83$79_51•14

0794t_
150$

______2441.60.24.5_
AL6.1.999•14

4245%

10. Has this bank been finally liquidated?

If so give:

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Secured claims. .

Preferred claims.. .
General claims. . .
Total claims.. . .

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Per cent of payments
to claims allowed

,
c

Primary
cause

Contributing
cause

Decline in real estate values

•

Defalcation

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correSpondent (Name)
Failure of large debto'r (Name)
Other causes, (specify)
Losses due to unforeseen and unprecedented decline in value
of agricultural commodities, livestock and real estate follow ng
which existed during and for several years after the late war.

•
on period

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yee

If so, state what industry or type of agriculture

Ciattla.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen1921.

sion?

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments

•2250O.O0
10-5-25 $ 1_5,25000
4_
10-3-27, $ 25,000600

9
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

-BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

Type of bank reported—check
appropriate one of the following

O National bank
E State bank

Name of State

O Trust company

•

O Stock savings'bank
O Mutual savings bank
O Private bank

Oklahoma

Town or City Comanche

1. Name of bank Farmers State

2. Date organized

3-10-09

3. Federal reserve district

Date suspended

10th

8-7-22

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Stephens

2000

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

-240-y899-Z6—
$

Total loans and discounts

240,899656

Real estate acquired in satisfaction of debts

3,150.04

Investments

7,838.50
37,05431

All other resources

_288,242.41

Total resources

50000.00

Capital
Surplus and undivided profits

7.6130•93

Deposits:
Due to banks**

4881.37

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

159,1 76.79
33,043.32
$

Total deposits

194,101,48

Borrowings from F. R. bank

57 160.00

Borrowings from other banks
All other liabilities

sa8,942

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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
Tee

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

38523.78

t 31523.78

67.7%

Preferred claims..._24648.45_ _ 28 648
, .45

28t648*45
-

100%

General claims. .. I 470358,14-- —32 418,79
4

32,418.79

22%

Secured claims.. .

Total claims.. . 1: t206.59

_14
4591.02 _

10. Has this bank been finally liquidated?

t64,91.
O2

35.6%

If so give:

Secured claims. .. .
Preferred claims..
General claims
Total claims. .. .

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc

•

Other causes, (specify)

Losses due to unforeseen and unprecedented decline in value •
agricultural commodities, livestock and real estate, following the inflation period
which existed during and for several years after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

• If so, state what industry or type of agriculture

Cotton.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1920.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments

8-7-22

•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

'BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

Type of bank reported—check
appropriate one of the following
El National bank

169

Name of State

EJ State bank
El Trust company

0 Stock savings bank

•

Mutual savings bank

......O. X .1.

.11 cs 711

0 Private bank

1. Name of bank

Oklahoma State

Date suspended 11.-26-23

2. Date organized 5-25-11

3. Federal reserve district

Town or City Council Hill

10th

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Muskogee

350

6. Condition figures, as of (date*)

11.-26..23

Loans and discounts:
On real estate
Other

20,032.78

Total loans and discounts

20,032.78

Real estate acquired in satisfaction of debts

230.00

Investments

900.00
7,527.18

All other resources

29,689.96

Total resources

10,000.00

Capital

4,994.22

Surplus and undivided profits
Deposits:

151.$7

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

10,204.02
2,733.00

Total deposits

13,088.89

Borrowings from F. R. bank
1960645

Borrowings from other banks
All other liabilities

29,689.96

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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:

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 paymentF.
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:
44546

Collections:
From liquidation of assets

$__18,026.89

From assessments on shareholders
Other collections (explain)
18,026689

Total collections
Offsets to claims (loans paid, etc.)

$___2
4215.30

Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims. ...
Preferred claims... a

1 ,15040
7

General claims. . ..

3,799,20
10,949.20

Total claims. . ..

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

•

Payments from
guaranty, fund

Dividends paid from
collections

,
7,150600

Total payments

Per cent of payments
to claims allowed

--11- 7-13.50.00

100%

3,79940

3,799.20

100%

_10,949.20

410,949.20

100%

Primary
cause

Contributing
cause

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Losses due to unforeseen and unprecedented decline in value
of agricultural commodities, livestock and real estate, following the inflation period
which existed during and for several years after the late war.

111

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
Yes

or agriculture?

If so, state what industry or type of agriculture

Cotton

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen1921.

sion?

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yee
11 6.23
-2 ,

If so, give dates and amounts of all assessments
10 00 *0

fie

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 sus▪ pended 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.

•

2/8
.

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
O Private bank

Oklahoma

1. Name of bank American State Banks

Date suspended 10-13-30

2. Date organized 10-5—L1

3. Federal reserve district

Town or City

10th

Covington,

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Garfield

1 283
,

vv-

6. Condition figures, as of (date*)

1C-13-30

Loans and discounts:
On real estate

25.
$176.00
197,213471

Other

Total loans and discounts

222,389.71
None

Real estate acquired in satisfaction of debts

9-1'

Investments
All other resources

53,352.11
1,600,8F.
288
143424.67

Total resources
Capital

30,000.00

Surplus and undivided profits

16,461.77

Deposits:
Nnna

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

152,525.8E5
62 3355.04
4
$

Total deposits

213,880.90

Borrowings from F. R. bank

None

Borrowings from other banks

28,000.00

All other liabilities

None
288,342.67

Total liabilities

7. Has this bank been reopened?

7To

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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

13 700*00
•

Secured claims. ... 132700-00
Preferred claims

Payments from
guaranty fund

None

General claims

15728 96
7341

Total claims

171,744,36

N 0 n e

13,870,40

10. Has this bank been finally liquidated?

Per cent of payments
to claims allowed

13.700•00

100%

170.40

100
5

170.40

Total payments

11 a n e
*870e40
13

None
8%

If so give:

Secured claims

.
Preferred claims...

Dividends paid from
collections

Payments from
guaranty fund

Total payments

General claims
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Decline in real estate values

•

Defalcation

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)

•

Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
Yes

or agriculture?

If so, state what industry or type of agriculture

igh

What was the approximate date of the beginning of the difficulty which ultimately caused the suspenRecent.

sion ?

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
*C.!
.

QcI.._tehat the

eta

a.s

ezzt

s., le

eneraaQ_.r._esU.__tQrs of this trust will receive 25% in dividends in

liquidation.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

If so, give dates and amounts of all assessments

9
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

'BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
supervisory authorities or by the bank's board of directors on account of financial difficulties. This
b'Y
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

State bank

Name of State

O Trust company ,
O Stock savings bank

fl Mutual savings batik
O Private bank

1. Name of bank_

2. Date organized

0.k.1 au..0 m. a

Bank of Crowder

2-3-10 •

Town or City

,
_Date suspended____JA•61 22

Oman.

Population of town or city*

Member or nonmember of F. R. System

3. Federal reserve district

4. Number of branches operated: In city of parent bank
Outside city of parent bank**

5. Was this bank a member of a chain or group? If so give the name of the chain or group

* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Pittsburg

6. Condition figures, as of (date*)

10-.6-22

Loans and discounts:
On real estate

330400

102,879.55

Other
Total loans and discounts
Real estate acquired in satisfaction of debts

2,939.85

Investments

8,350.27
15,645.89

All other resources

130,143.56

Total resources

10,000.00

Capital

2,970.06

Surplus and undivided profits
Deposits:

Due to banks**

1,600.61

Demand deposits, including U. S. Govt. deposits

50,37580

Time deposits, including postal savings

24,301.88
$

Total deposits

76,278.29

Borrowings from F. R. bank

40,873.60

Borrowings from other banks

21.61

All other liabilities

130,143.56

Total liabilities

7. I-las 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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Dividends paid from
collections

Claims allowed

Total payments

Per cent of payments
to claims allowed

7,500.00

41 7,500.00

100%

3,400.00

3.00%

64,073.65

3,844.41

3,1344.41

Secured claims. .. ill

7 500 00

Preferred claims...
General claims... .

Payments from
guaranty fund

Total claims.. . ____74„9.73.45-

14,744.41-

-4-1.44-744.-43._

19.6%

Total payments

Per cent of payments
to claims allowed

10. Has this bank been finally liquidated?

If so give:

Secured

Dividends paid from
collections

Payments from
guaranty fund

claims

Preferred claims
,
General claims.
Total claims. . ..

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc

•
X

Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor'
(Name)
Other causes, (specify)
basses due to unforeseen and unprecedented decline in value .f
agrieultural commodities, livestock and real estate, following the inflation period
whieh existed during and for several years after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Talin

If so, state what industry or type of agriculture

aotton•

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

3.920

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yea

If so, give dates and amounts of all assessments

9U%1J%J•VU

10-6-221 $10,000.00 PO/
•

.1
3 4"za_

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANIC 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 sus,
pended 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
0 Stock savings bank
O

Mutual savings bank

Oklahoma

• Private bank

1. Name of bank

Dale State

Town or City

2. Date organized 3-16-03

Date suspended

3. Federal reserve district

10th

4 -24
-28

Dale

f'ottawatomie
273

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County

6. Condition figures, as of (date*)

448.24

Loans and discounts:
On real estate

875.00
55,435.98

Other

56,310.98

Total loans and discounts
Real estate acquired in satisfaction of debts
Investments

8,562.81

All other resources

8,664.28
73,537.87

Total resources

10,000.00

Capital

6,30446

Surplus and undivided profits
Deposits:

96.98

Due to banks**
Demand deposits, including U. S. Govt. deposits

30.050.
53

Time deposits, including postal savings

10497.97
$

Total deposits

40,345.48

Borrowings from F. R. bank

16,888.33

Borrowings from other banks
All other liabilities

73,537.87

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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? _Mks

If so give payments to date:

(Amounts in dollars)
Dividends paid from
collections

Claims allowed

Secured claims. . . . $ 7I 500,

Total payments

Per cent of payments
to claims allowed

—4-7
1500.00

—C-7-00-0600,

100%

10,140.2/

10,140.2'7

100%

1'7,640.27

$ 17,640627

Preferred claims.. . ____ 1O,14.O.2f
General claims. . .

Payments from
guaranty fund

15s5010

Total claims.. .

33,141.

10. Has this bank been finally liquidated?

5362%

If so give:

Claims allowed

Secured claims. . . .
.._
t
Preferred claims.. .
General claims
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Decline in real estate values

•

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Looses due to unforeseen and unprecedented decline in value o agr c
commodities, livestock and real estate, following the inflation period which existed
during and for several years after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

If so, state what industry or type of agriculture

Cotton.

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?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

If so, give dates and amounts of all assessments

Yea

C :CS

tit

5O 0

ell

9
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

127

fl National bank
Ki State bank ,

Name of State

• Trust company
• Stock savings bank

•

O Mutual savings bank
0 Private bank

1. Name of bank

2. Date organized

Davenport State Bank

4-12-.07

3. Federal reserve district

Date suspended

10th_

Town or City Davenpar t

11-27-29

County

Population of town or city*_

Member or nonmember of F R System

Lincoln

394

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

MtCeulAy eh in

6. Condition figures, as of (date*)
Loans and discounts:
On real estate

111105.48

Other

69,864.22
$

Total loans and discounts

80,969.70
4,721060

Real estate acquired in satisfaction of debts

k_31343,22_,87_

Investments

36,143067

All other resources

--151 957084
0

Total resources

15,000000

Capital

4,998.24_

Surplus and undivided profits
Deposits:

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits,.including postal savings

3.2 980o2
4
:87,,191.46
28,999. 80
0

Total deposits

Borrowings from F. R. bank
20787.62

Borrowings from other banks
All other liabilities

151,957084

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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
9. Is this bank still in process of liquidation? _tea_ If so give payments to date:
(Amounts in dollars)
,

Claims allowed

Dividends paid from
collections

Secured claims.

$ 23,489.44

$ 23$489•
44

Preferred claims

20.776.
a

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

_t_23,489_.44.__

molt

20$776.12

_20,
776.12

100%

General claims. .. _946342-.21

34019s77

_33 _019.77
1

3$%

138,607.77

77,285.33

4 77,283.33

Total claims...

55.7%

"n i Vi-5.31
10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
• From liquidation of assets.,
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims. .
Preferred claims.. .

Dividends paid from
collections

•
r

Payments from
guaranty fund

General claims
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total payments

(

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Decline in real estate values

•

Defalcation

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
...Sapulpa State Bank.

Failure of corresponent (Name)
Failure of large debtOr (Name)
Other causes, (specify)
X
decline in value
Losses due to unforeseen and unprecedented
of agricultural commodities, livestock and real estate, following the inflation period
which existed during and for several years after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

If so, state what industry or type of agriculture

Wheat.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1922.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yea

4...30625
4-17.29, $ 2000400

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

If so, give dates and amounts of all assessments
12-31-2 -$
11-27-29, $15,000•00 Rt.

8
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

Type of bank reported—check
appropriate one of the following

17
"

O National bank

Name of State

State bank

O Trust company

O Stock savings bank
Li Mutual savings bank
O Private bank

Oklahoma

1. Name of bank

Delawae_&tate Bqnk

2. Date organized

5-31—og

3. Federal reserve district

Town or City Delaware

Date suspended 11-17-.181

10th

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 qr 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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County_Nanta__

650

11-17-21

6. Condition figures, as of (date*)
Loans and discounts:

On real estate

, .11
187
110,699.61

Other
Total loans and discounts

123,886.72

Real estate acquired in satisfaction of debts

4,703.98

Investments

3,457.94
209854.10

All other resources

152,902.74

Total resources

10,000.00

Capital

8,049.49

Surplus and undivided profits
Deposits:
$

Due to banks**

5,246.64

Demand deposits, including U. S. Govt. deposits

81,643.23

Time deposits, including postal savings

36,933.96

Total deposits

123,823.83

Borrowings from F. R. bank
11,029.42

Borrowings from other banks
All other liabilities

_____152,902*74

Total liabilities
7. Has this bank been reopened?
Date of reopening

Yes

If so give:

1-16-22

Name under which reopened______rizst_stats_Bankt_Delawares Okla.
Amount of loss

Loss to depositors on:
Secured claims
Preferred claims

None
I,

Per cent of loss
to claims
None
"

General claims

30,955.95

25%

Total

30,955.95

25%

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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?

If so give:

Secured

claims

Preferred claims
General claims
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

Primary
cause

Contributing
cause

Decline in real estate values

•

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)

•

Other causes, (specify)

Losses due to unforeseen and unprecedented decline in value of
agricultural commodities, livestock and real estate, following the inflation period
which existed during and for several years after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yee

If so, state what industry or type of agriculture

Cattle.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

19.19

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Tee

If so, give dates and amounts of all assessments

11-17-21$

9
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

- Type of bank reported—check
appropriate one of the following
D

130

National bank
Name of State

C State bank

LI Trust company
• Stock savings bank

•

• Mutual savingi bank

D. Private bank

1. Name of bank

2. Date organized

First State

1-16-22

3. Federal reserve district

Town or City Delaware

Date suspended

10th

17-27-29

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County N°311ta

662

6. Condition figures, as of (date*)
Loans and discounts:
On real estate

1,107.24

Other

25,116.21

Total loans and discounts

Real estate acquired in satisfaction of debts

28,223.45

_11 049.44
4
3,706.32

Investments
All other resources

11,574.21
52,553.42

Total resources

10,000.00

Capital

1,289.37

Surplus and undivided profits
Deposits:
454.25

Due to banks**
Demand deposits, including U. S. Govt. deposits

28,09049

Time deposits, including postal savings

12,719.11
44284.05

Total deposits
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities

52,553.42

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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?

Yea

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments/from
guaranty fund

Per cent of payments
to claims allowed

Total payments

_
Secured

claims

Preferred claims. .. $ 2saa7 a49_ $ 2$3a7.49

$ 2,337.49

1.00%
60%

General claims.. . .

35,912096

211_547477

21,547.77

Total claims. .. .

38,250.45

23,885.26

4 23,885.26

62.4%

Total payments

Per cent of payments
to claims allowed

10. Has this bank been finally liquidated?

If so give:

Secured

Dividends paid from
collections

Payments from
guaranty fund

claims

Preferred claims...
.

General claims
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Primary
cause

Contributing
cause

Decline in real estate values

•

Defalcation
Heavy withdrawals of deposits

Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large'debt& (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

Oattle

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen1925.

sion?

12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yee

If so, give dates and amounts of all assessments

4-'3—Z8, il
0-20-29,411000000
7a47.49,4110,000.00

94 o
1

9
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 susended 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
al State bank
O Trust company

108

Name of State

O Stock savings bank
O

Mutual savings batik,_

Oklahoma

, Private bank

Town or City

Name of bank______Oklahoma_State—Bank

2. Date organized

Date suspended

3p.18.2?

3. Federal reserve district 10111

Dvól

Cotton

Population of town or city*_450._______

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County

6. Condition figures, as of (date*)

1-18-27

Loans and discounts:
On real estate

2464.25

Other

1042820.90

Total loans and discounts

108,985.15
5,824.40

Real estate acquired in satisfadtion of debts
Investments

21,843040

All other resources

11,933055
1481186.50

Total resources

25,000000

Capital

973083

Surplus and undivided profits
Deposits:
2,'7R4,84

Due to banks**
Demand deposits, including U. S. Govt. deposits

92,752008

Time deposits, including postal savings

12,938.50

Total deposits

108,475.42

Borrowings from F. R. bank
Borrowings from other banks

11,737.25

All other liabilities
Total liabilities

7. Has this bank been reopened?

14418600

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to &tints

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

yes

If so give payments to date:

(Amounts in dollars)
Dividends paid from
collections

Claims allowed

Secured claims. .. $_15.146.15_
Preferred claims..

Payments from
guaranty fund

$ 15,748.15

Total payments

Per cent of payments
to claims allowed

$ 15,748.15 _100%

1,193.90

139300

1,193.90

100%

General claims

84,917.07

42,452.42

50%

Total claims

101,857.12

59,392.47

58.3%

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured

claims

Preferred claims

Dividends paid from
collections

Payments from
guaranty fund

•

General claims
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Total payments

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc

•
X

Insufficient diversification

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
Yee_

or agriculture?

If so, state what industry or type of agriculture

Cotton

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1921•

12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments

8-11-24,$ 12,500 00
12-29-24, $ 25,000.00
1-18.47, $ 25,000.00 (4/

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
b3) 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 bn 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

117

National bank
Name of State

IC State bank
O Trust company
O Stock savings bank
D

Mutual savings bank
O Private bank

1. Name of bank

2. Date organized

Q3c

Bank of Dover

6-8-01

3. Federal reserve district

Date suspended

10th

Town or City

3-7-28

Dover

Kingfisher

Population of town or city*

Member or nonmember of F. R. System No

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County

500

6. Condition figures, as of (date*)
Loans and discounts:
On real estate

10,049.46

50,641.17

Other

60,690.63

Total loans and discounts
Real estate acquired in satisfaction of debts

12,629.50

Investments

14,509.80

All other resources

102
.941.94,

Total resources

15,000.00

Capital
Surplus and undivided profits

1,79242

Deposits:
$

Due to banks**

1,761.40

Demand deposits, including U. S. Govt. deposits

68,703.10

Time deposits, including postal savings

15,684.62

Total deposits

86,149.12

Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
Total liabilities

7. Ilas this bank been reopened?

--1Q2041,94
If so give:

,Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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:

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:

Yee

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Per cent of payments
to claims allowed

Total payments

Secured claims. .. . 4 9,000.00 1 9,000.00

4 9,000.00

100%

95%

Preferred claims.. .
General claims. . .. 74,14604

?Qs439•60

70,439.60

4
Total claims. .. . _83 14644

791 439.80
,

_4_79
4_4394_60_

10. Has this bank been finally liquidated?

95,5%

If so give:

Dividends paid from
collections

Payments from
guaranty fund

Per cent of payments
to claims allowed

Total payments

Secured claims. . . .
Preferred claims...

General claims. . .
Total claims. . ..

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

t
:

-t

Primary
cause

Contributing
cause

Decline in real estate values

•

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)

•

Other causes, (specify)

Losses due to unforeseen and unprecedented decline in falue
agricultural commodities, livestock and real estate, following the inflation period
which existed during and for several years after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

If so, state what industry or type of agriculture

Wheat.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1925.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

7.40-26, * 2,250.00
2-29-28, $ 9,500.00
5-7-28, $ 15,000.00

If so, give dates and amounts of all assessments

p
et

75_ 0 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 sus• pended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
9 National bank
Ig State bank

Name of State

O Trust company
O Stock savings bank

•

Mutual saxings bank

Private bank

1. Name of bank

2. Date organized

Oklahoma

Citizens State

5-28-06

3. Federal reserve district

Date suspended

Town or City Driftwood

10-10-21

10th

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Alfalfa

141

6. Condition figures, as of (date*)

1-18.47

Loans and discounts:
On real estate

1,761.45
103,874.62

Other
Total loans and discounts

105,036.0_7__

Real estate acquired in satisfaction of debts

10012,54

Investments

4,400400
10,639.15

All other resources

130,187.76

Total resources

15,000.00

Capital

899.45_

Surplus and undivided profits
Deposits:

3,911.21

Due to banks**
Demand deposits, including U. S. Govt. deposits

42,132.62

Time deposits, including postal savings

46,534.98
92,578.81

Total deposits
Borrowings from F. R. bank

21,659.90

Borrowings from other banks

50.00

All other liabilities

130,187.76

Total liabilities

7. Has this bank been reopened? _Yew_ If so give:
Date of reopening

3.0.17-23.

Name under which reopened
Loss to depositors on:

seouri t* State Bank,
Amount of loss

Secured claims

None

Preferred claims

None

General claims

None

Total

None

Per cent of loss
to claims

None

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Secured

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

claims

Preferred claims.. .
General claims.
Total claims... .

10. Has this bank been finally liquidated?

If so give:

Date liquidation was completed
Collections:
From liquidation of assets...
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Secured claims
Preferred claims
•

General claims
Total claims. .

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

c
,

Primary
cause

Contributing
cause

Decline in real estate values

•

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Losses due to unforeseen and unprecedented decline in value
of agricultural commodities, livestock and real estate, following the inflation period
which existed during and for several years after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes
Wheat.

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen1919

sion?

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes
1 -17-21, •
0

If so, give dates and amounts of all assessments

•

4
10-10-21, $15,000.00 a ge....

9
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

Type of bank reported—check
appropriate one of the following

120

fl National bank
Name of State

T=1 State bank

O Trust company
O Stock savings Sank

•

Mutual savings bank

0 k 1.a b. o ma

Private bank

1. Name of bank

2. Date organized

Security State

10..17-41 Date suspended

3. Federal reserve district

Town or City

11-1-29

10th

Driftwood

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Alfalfa

141

6. Condition figures, as of (date*)

—3.1
-4m29
-

Loans and discounts:
On real estate
Other

25,859.62

Total loans and discounts

25,859_02

Real estate acquired in satisfaction of debts
Investments

6,799.24
17,296.05

All other resources

49,954.91

Total resources

10,000.00

Capital

4,954.12

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time, deposits, including postal savings

73441
20,
4,715.6.8

Total deposits

25,450.59
••

Borrowings from F. R. bank
Borrowings from other banks

9 5.50.20.
4

All other liabilities

492954.91

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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?

Yee

If so give payments to date:

(Amounts in dollars)
Claims allowed

Secured

Dividends paid from
collections

Payments from
guaranty fund

4 5,000.00 4 5,000000

claims

Total payments

Per cent of payments
to claims allowed

4 5,000.00

100%

i 5,000.00

16.1%

Preferred claims...
General claims. ..

954.04
25,
5,000.00

Total claims. . .. _50,954.04

If so give:

.10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:

(Amounts in dollars)
Claims allowed

Secured

claims

Preferred claims...
General claims. . . .
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
Yee

or agriculture?

If so, state what industry or type of agriculture

Whea t

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen19250

sion?

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

11—la.29,

If so, give dates and amounts of all assessments

*10,000.00/(;,%( . 3 .6"—o

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
iusperision.

Type of bank reported—check
appropriate one of the following

O National bank
Name of State

30 State bank

•

O Trust company
7
O Stock savings bank
O Mutual savingg bank

Oklahoma

O Private bank

1. Name of bankatrst State

2. Date organized

—
99-08

3. Federal reserve district

Town or City

Date suspended

11th

1-25-22

Durant

Population of town or city*

Member or nonmember of F. R. System_

4. Numbei. of branches operated: In city of parent bank_

Outside city of parent bank**

5. Was this bank a menTher 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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County

Bryan
10,000

6. Condition figures, as of (date*)

1-25-22

Loans and discounts:
On real estate

Other

27,751.45
223,870.07

Total loans and discounts

251,021.50

Real estate acquired in satisfaction of debts

19.771.96

Investments

18,346.66

All other resources

20,178.31
309,918.43

Total resources
Capital

30,000.00

Surplus and undivided profits

5,692.43

Deposits:
Due to banks**

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

3,255612
167,702.54
63,834.01

Total deposits
Borrowings from F. R. bank
39,434.35

Borrowings from other banks
All other liabilities
Total liabilities

7. Has this bank been reopened?

309.918.4_
If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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
9. Is this bank still in process of liquidation? _Yea_ 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

$ 24,22240

4 10,170.75

28,500. 0

28,500.00

100%

General claims. . ..

202,820. 4

10,141.03

101141.03

Total claims. . ..

255,542.74

48,811.78

$ 48,811.78

19.1%

Total payments

Per cent of payments
to claims allowed

Secured claims..
Preferred claims

10. Has this bank been finally liquidated?
Date liquidation was completed

•

AAA:4170.75

41.9%

If so give:

Dividends paid from
collections

Payments from
guaranty fund

•

Secured claims. .. .
Preferred claims...
General claims. .
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Primary
cause

Contributing
cause

•

Other causes, (specify)
Losses due to unforeseen and unprecedentedrdecline in value of
agricultural commodities, livestock and real estate, following the inflation period
which existed duping and for several years after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yee_

If so, state what industry or type of agriculture

Ootton

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1420.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes
3 125is22
0

If so, give dates and amounts of all assessments
30 000 00

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

'BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

Type of bank reported—check
appropriate one of the following

O National bank

184

Name of State

State bank
• Trust company

•

O Stock savings bank
LI Mutual savings bank

.a h .o .m a

Private bank

1. Name of bank

2. Date organized

Bank or Eakley

6-2.5.0.6

3. Federal reserve district

Town or City

4
Date suspended_P-29-2

10th

Batley

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County

Caddo

135

NO-

6. Condition figures, as of (date*)

2.49.44

Loans and discounts:
On real estate

2,124,

Other

48,975.01

Total loans and discounts

51,099.70

Real estate acquired in satisfaction of debts
Investments

8,319.28

All other resources

7,614,36

Total resources

67033634

Capital

10,000.00

Surplus and undivided profits

5,575.3.0

Deposits:
594.37

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

381) 428.87
.
3540_
612

Total deposits

44,858.24

Borrowings from F. R. bank
Borrowings from other banks

6,600.00

All other liabilities
67s033.34

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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
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

Total payments

Per cent of payment.
to claims allowed

Preferred claims...

•

Payments from
guaranty fund

General claims. . ..
Total claims.

10. Has this bank been finally liquidated?
Date liquidation was completed

Yee

If so give:

6-16-27

Collections:
From liquidation of ssets

42,243,56

From assessments on shareholders
Other collections (explain)
Total collections

42
1245456

Offsets to claims (loans paid, etc.)

4,732.41

Payments to depositors:
(Amounts in (lollars)
Claims allowed

Payments from
guaranty fund

Dividends paid from
collections

Total payments

Per cent of payments
to claims allowed

1
Secured claims

J 5,000.00 _t_Avoso.o9

—4 5,00000

100%

Preferred claims... _
General claims. .. .

34,801.56

341801.56_

__341801.56

100%

Total claims. . . .

39,801.56

39,801.56_

—39$-801.56

100%

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Primary
cause

Contributing
cause

Decline in real estate values

•

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)

X
Other causes, (specify)
and unprecedented decline in value
Losses due to unforeseen
of agricultural commodities, livestock and. real estate, following the inflation
period which existed during and for several years after the late war.

•

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

If so, state what industry or type of agriculture

Oottone

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1921.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yea

If so, give dates and amounts of all assessments

2..29-24 $10 000.00

7i1ct—

4•

10
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

Type of bank reported—check
appropriate one of the following

161

El National bank
Name of State

Tn State bank
Trust company

LI Stock savings ba.'nk
[11

Mutual savings bank

Oklah.oma

Private bank

1. Name of bank

2. Date organized

4614

Town or City Edmond

Edmond State

3. Federal reserve district

Date suspended

10th

3-15-22

Population of town or city* 2452

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Oklahoma

6. Condition figures, as of (date)_3.1542
Loans and discounts:
On real estate

400.00

Other

124,489.92

Total loans and discounts

124,869_092—

Real estate acquired in satisfaction of debts
Investments

25,269.07

All other resources

42,972,69_

Total resources

25,000.00

Capital

7,382.46

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits

73,203-.79

Time deposits, including postal savings

69,922.89

Total deposits

143,12648_

Borrowings from F. R. bank
Borrowings from other banks

17,807.54

All other liabilities
Total liabilities

7. I-Ias this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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

Secured claims. . ..

'rotal payments

Per cent of payments
to claims allowed

•

Preferred claims. ..
General claims....
Total claims.

.10. Has this bank been finally liquidated? Yes
If so give:
9-28-22
Date liquidation was completed
Collections:
From liquidation of assets

$__111,08.1.41

From assessments on shareholders
Other collections (explain)
111,081.41

Total collections
Offsets to claims (loans paid, etc.)

4,295.14

Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims. . . . 4_23,000.00

Dividends paid from
collections

4 20,45o.op

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

—1,-20 450-00i

- -89 1%

80_15132.0_7_

70%

—400032-4,07-

72'4%

Preferred claims.. . ___.
General claims. . .. __114,831•54Total claims. . .. 137,831.54_

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

80,382.07_
100,1352.07

Primary
cause

Contributing
cause

Decline in real estate values

•

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Losses due to unforeseen and unprecedented decline in value
of agricultural commodities, livestock and real estate, following the inflation
period.which existed during and for several years after the late wgro
Dia tne siow, 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

Cotton.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1920.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments

3-1B-22

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
(

•

Type of bank reported—check
appropriate one of the following

• National bank

•

Name of State

IEJ State bank
Eli Trust company ,
O Stock savings bank'
El Mutual savings bank

Oklahoma

O Private bank

1. Name of bank

2. Date organized

Oommercial Bank

9-12-06

3. Federal reserve district

Date suspended

Town or City

2-28-22

10th.

El Reno

Canadian

Population of town or city* 12,000

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County

6. Condition figures, as of (date*)
Loans and discounts:
$

On real estate
Other

10,653025
1 024006.84
4

Total loans and discounts

$ 10035,360009

Real estate acquired in satisfaction of debts

—1400040—
2641579082

Investments
All other resources

67,80481
1,377,741
072

Total resources
Capital

-60.000•00---

Surplus and undivided profits

181292001

Deposits:
Due to banks**

17,296057

Demand deposits, including U. S. Govt. deposits

653,301.85

Time deposits, including postal savings

292,270014
$

Total deposits

962,868056

Borrowings from F. R. bank
Borrowings from other banks

334,031.15 —

All other liabilities

2,550000 —

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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?

_tea_

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Per cent of payments
to claims allowed

Total payments

•

Secured claims.. .. $ 35,000.00 $ 291182.80

- 4 40-AI 21 182

.
4E*639 79___

Preferred claims. .. ____4483979._

424639 79-.

General claims... . 856031.88

174,046.85

—1-74,046485—

Total claims. . .. 933,8fl.6L_245 869.44

10. Has this bank been finally liquidated?

%
8303

----100%
21 5
.%

_i_245,8694,44 _______28.21,___

If so give:

Date liquidation was completed
-Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Secured claims. .. .
.
Preferred claims
General claims
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Primary
cause

Contributing
cause

Decline in real estate values

•

Losses due to unforeseen agricultural or industrial.disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large- debtOr (Name)
Other causes, (SpecifS7)

110

Losses due to unfoteseen and unprecedented decline in value
of agricultural commodities, livestock and real estate, following the inflation period
which existed during and for several years after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

YRS

If so, state what industry or type of agriculture

Orttton

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1920.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

If so, give dates and amounts of all assessments
1,o

2-28-22•

•

03 S

10
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
r
form should not be used for merged or consolidated banks but should be used for those banks sus'Tended 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=1

National bank
Name of State

E State bank
• Trust company
• Stock savings bank

•

• Mutual savings bank

Qklah9

LI Private bank

1. Name of bank__ IALstern State

Town or City Eri°k

2. Date organized 12-3-01

3-15-22

3. Federal reserve district

Date suspended

10th

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County Beckham.
2450

6. Condition figures, as of (date*)

3•.15•42

Loans and discounts:
On real estate

Other

5,300.00
120,181.68

Total loans and discounts
Real estate acquired in satisfaction of debts

2,014.96

Investments

19,228.98

All other resources

27
1

Total resources

—174- -601-44kM
4

Capital

25,000.00

Surplus and undivided profits

5,338.66

Deposits:
$

Due to banks**

2019,32

Demand deposits, including U. S. Govt. deposits

90,508.59

Time deposits, including postal savings

13.907.85

Total deposits

10'4i.035.78__

Borrowings from F. R. bank
37,230.38

Borrowings from other banks
All other liabilities

174.604.80_

Total liabilities

7. 1-ias this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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
9. Is this bank still in process of liquidation?

If so give payments to date:
Amounts in dollars)

Dividends paid from
collections

Claims allowed

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Secured claims. .. .
Preferred claims
General claims. .

Total claims. . ..

If so give:
10. Has this bank been finally liquidated? Yes
11-30--24
Date liquidation was completed
Collections:
$ 120,096.01

From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections

—1.20-09_643—
$

Offsets to claims (loans paid, etc.)

2,890.32

Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims. ..

Dividends paid from
collections

21,700.00 — -21,7004;007—
I

Payments from
guaranty fund

Total payments

- ,27oO.00

Per cent of payments
to claims allowed

-100%----

Preferred claims...
General claims....

82444544

82,445.04

100%

Total claims.. ..

3.04,145.04

104,145.04

104,-145404—

100%

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Primary
cause

Contributing
cause

Decline in real estate values

•

Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
X

Other causes, (specify)

•
Losses due to unforeseen and unprecedented decline in value
period
of agricultural commodities, livestock and real estate, following the inflation
which existed during and for several yeads after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

Yes

If so, state what industry or type of agriculture

Cotton.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen1920.

sion?

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments

3-15-22, *25,000.0
0

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

'
1
3

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

Type of bank reported—check
appropriate one of the following
PC)

National bank
Name of State

1E1 State bank

O Trust company
O Stock savings bank

•

Mutual savings bank

0 k 1 a. h o m.a

O Private bank

1. Name of bank Oklahoma Stat.e

2. Date organized

1-2716

Date suspended

Town or City

2-.19-24

3. Federal reserve district

Eufaula

Population of town or city* 2800

Member or nonmember of F. R. Systerri______NO____

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County McIntosh

6. Condition figures, as of (date*)

2••1.9.44

Loans and discounts:
On real estate

7,250600
232,679,77

Other

Total loans and discounts

239,929 a 77

Real estate acquired in satisfaction of debts

19,735,57

Investments

69,165682

All other resources

43
,413689
372,245605

Total resources
Capital

25,000600

Surplus and undivided profits

16,568.90

Deposits:
5,068667

Due to banks**

208,028690

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

72,731636
$

Total deposits

285$828.93

Borrowings from F. R. bank
44,797.22.

Borrowings from other banks

50
000

All other liabilities
Total liabilities

7. Has this bank been reopened?
Date of reopening

372,20'005

Yee

If so give:

3-28-24

Name under which reopened

irn rmerf; Pr MAveh nnts Bank, Eufaula, Okla.
Amount of loss

Loss to depositors on:

Per cent of loss
to claims

Preferred claims

Non_a_

None

Secured claims

None

General claims
Total

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

8. Has this bank been taken over by another bank?

_MIK__

If so give:

Name of bank by which taken over
Date taken over

Zekeeleak

Loss to depositors on:
Amount of loss

Per cent of loss
to claims

AM=

AITSMSEK
YAM(

X3(117
.

Secured claims

Alax

Preferred claims
General claims

t•

Total

1K:Ck

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. ...

1
10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Secured claims. ..
Preferred claims
General claims
Total claims.. .

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

,
.

Primary
cause

Contributing
cause

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Losses due to unforeseen and unprecedented decline in value
agricultural commodities, livestock and real estate, following the inflation period
which existed during and for several years after the late war.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
Yes

or agriculture?

If so, state what industry or type of agriculture

Cotton.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen1920,

sion?

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments

2-19-24, 425 000 00

71-4-11/--

10
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
LII National bank
t] State bank
[I] Trust company

193

Name of State

[1] Stock savings bank

•

[I] Mutual savings bank
[1] Private bank

1. Name of bank

2. Date organized

O.k.1 .a

Town or City Fairland

Citizens State

5-29-11

3. Federal reserve district

Date suspended

3-15-24

10th

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.o .m..a

Ottawa

818

6. Condition figures, as of (date*)

3••15...24

Loans and discounts:
On real estate

Other

38504.12
53,261.71

Total loans and discounts
Real estate acquired in satisfaction of debts
60231.42

Investments

15,255.29

All other resources

76 0454
)

Total resources

15,000.00

Capital

2,431.54

Surplus and undivided profits
Deposits:
143.90

Due to banks**
Demand deposits, including U. S. Govt. deposits

38,457.08

Time deposits, including postal savings

15,220.02
$

Total deposits

53 &MOO
,

Borrowings from F. R. bank
5,000.00

Borrowings from other banks
All other liabilities

76,252.54

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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:

10-11-29

Collections:
$

From liquidation of assets.

41,412.54

From assessments on shareholders

7,842.43

Other collections (explain)

49,254.9_7

Total collections

741.32

Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Secured claims. .. .
• 5 183 82 # 5 23488
, .
0

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

4 5,1

____10(4_

Preferred claims

47,981.26

33,533_9_77

Total claims.. .. ______53465.08

_58
4717.59

General claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

33,533.77
4-38
1-717-...%--

70%
72.8%

Primary
cause

Contributing
cause

Decline in real estate values

•

Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Losses due to unforeseen and unprecedented decline in value
livestock and real estate, following the inflation period which existed during ind for
several years after the late ware
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
Yes

or agriculture?

If so, state what industry or type of agriculture

Mines

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1920

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

5.15.-24

If so, give dates and amounts of all assessments

•

, Pd.

'
1.9

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921

•

. Type of bank reported—check
appropriate one of the following
O

National bank
Name of State

[X State bank

O Trust company
0 Stock savings bank

•

Mutual savings bank

et Is 1..a la. .0 .rn a

O. Private bank

1. Name of banic___Oaddo Gountr

2. Date organized

12-.30-01

3. Federal reserve district

Town or City

**12-23
Date suspended 4

10th

Pt. Cobb

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County

Oaddo

546

6. Condition figures, as of (date*)

air•12..23

Loans and discounts:
On real estate

2,000.00
150,423.75

Other
Total loans and discounts

152,423.75

Real estate acquired in satisfaction of debts

450.00

Investments

11 ,177.70
7

All other resources

35,462.16
205,513 61
•

Total resources

15100040

Capital

3,540.45

Surplus and undivided profits
Deposits:
$

Due to banks**

8,814.04

Demand deposits, including U. S. Govt. deposits

77,952.74

Time deposits, including postal savings

10,621.36
97,388.14

Total deposits
Borrowings from F. R. bank

89,585.02

Borrowings from other banks
All other liabilities

205
1513.61

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

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

8. Has this bank been taken over by another bank?

Yea

If so give:
C bb

Name of bank by which taken over

Ok a

5-15-23

Date taken over
Loss to depositors on:

Amount of loss
Nino

Secured claims

Per cent of loss
to claims
_lions__
ir

Preferred claims
General claims

50I
L
33,219.68

Total

42,4,.

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:

Dividends paid from
collections

Payments from
guaranty fund

Secured claims
Preferred claims.
General claims
Total claims. ..

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil; etc t
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
/oases due to unforeseen and unprecedented decline in value
of agricultural commodities, livestock and real estate, following the inflation period
which existed during and for several years after the late war.
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

Cotton.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1920..

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yee

If so, give dates and amounts of all assessments

(100.00
7.260.22, 415*
4-12-23, $15,000•00

8
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 susprended 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
su" spenion.

- Type of bank reported—check
appropriate one of the following
0] National bank

Name of State

State bank

O Trust company
0 Stock savings bank

•

Mutual savings bank

Oklahoma

Private bank

1. Name of bank

_Foss State

2. Date organized 11-30-2_0

3. Federal reserve district

Town or City

Date suspended

1-28-23

10th

21313s

Washita

Population of town or city*_4$__

Member or nonmember of F. R. System__ No

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
branch at time of suspension.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County

6. Condition figures, as of (date*)

1-28.43

Loans and discounts:
On real estate

5,300.00

Other

77,608.07

Total loans and discounts

82,908.07

Real estate acquired in satisfaction of debts
Investments

3,027.52
25,411.79

All other resources

111,347.38

Total resources

15,000.00

Capital

722.79

Surplus and undivided profits
Deposits:
Due to banks**

5.0.40..651

Demand deposits, including U. S. Govt. deposits

46,421.51

Time deposits, including postal savings

17,897.69

Total deposits
Borrowings from F. R. bank

26,16400

Borrowings from other banks
All other liabilities

_114047438

Total liabilities

7. 1-Jas this bank been reopened?
Date of reopening
Name under which reopened
Loss to depositors on:
Secured claims

Yee

If so give:

2-.13413
/armere State Bank, Jibes.
Amount of loss

Per cent of loss
to claims

NO118

Preferred claims
General claims
Total

14,470.81

22.5%
-1
E40

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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:

Secured claims
Preferred claims
General claims
Total claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

Primary
cause

Contributing
cause

Decline in real estate values

•

Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification

Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
X
Other causes, (specify)
value
Losses due to unforeseen and unprecedented decline in
of agricultural commodities, livestock and real estate, following the inflation period
which existed during and for several years after the late war.
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

Cotton.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1920.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

If so, give dates and amounts of all assessments

9
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

ET State bank
O Trust company
O Stock savings bank

•

O Mutual savings bank

Q k 1 ahoma

• P,rivate bank

1. Name of bank

2. Date organized

Oklahoma State

5-9-10

3. Federal reserve district

Town or City

Date suspended

10th

8-8-23

Frederic&

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.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

County

Tillinea

MOO__

6. Condition figures, as of (date*)
Loans and discounts:
On real estate

28,971.75

Other

441,316.62

Total loans and discounts

470,288637

Real estate acquired in satisfaction of debts

29,895.40

Investments

39,565.61

All other resources

44,459.65
4209,01
583

Total resources
Capital

50,000.00

Surplus and undivided profits

32174749

Deposits:
1,401.48

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

264,677.84
85.734.62
$

Total deposits

551,81344

Borrowings from F. R. bank
148,647.78

Borrowings from other banks
All other liabilities
Total liabilities

7. Has this bank been reopened?

_583
4209 01_ _
4

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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
9. Is this bank still in process of liquidation? _MIL_ 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

$ 34 ,500.00
4

500.00

100%

10,000.00

Secured claims.

10,000.00

100%

Preferred claims...

. 10,000.011

General claims. .. .

312,358.3.0 _184168425_

Total claims. .. .

356858.2I

181216E6_75

225,6- -.75

10. Has this bank been finally liquidated?

*225,
688.25

63.2%

If so give:

Date liquidation was completed
Collections:
From liquidatiop of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
•

Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims. . .

Dividends paid from
collections

. .

Preferred claims.. .
General claims. .. .
Total claims. . ..

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Contributing
cause

Primary
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)

•

Other causes, (specify)

Losses due to unforeseen and unprecedented decline in value
of agricultural commodities, livestock and real estate, following the inflation
period which existed during and for several yeqrs after the late wer.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

YeEs

If so, state what industry or type of agriculture

Ootton•

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

1920

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yes

If so, give dates and amounts of all assessments
C

8-623,

0 0 00

4
- •C

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Full text of Records of the Federal Reserve System, Record Group 82 : Committee on Branch Group & Chain Banking: Bank Suspensions Since Jan. 1, 1921, Nonmember State Banks Oklahoma A-F, Box 1833, Folder 5

FRASER