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Federal Reserve Bank of St. Louis

421.11-6 - Bank Suspensions Since an 1 1921
Nonmember State Banks Oregon A-R I Z
Committee on Branch Group & Chain Banking

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

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

National bank

r:70

Name of State

E] State bank

Oregon

O Trust company
O Stock savings bank
El

Mutual saving's bank
. Private bank

1. Name of bank-istoria Savings Bank

2. Date organized Dec 20, 1890

3. Federal reserve district

Town or City Astoria

Date suspendediTune 17 2 1929 Population of town or city*_ii-3027

12

Member or nonmember of F R System__

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

Outside city of parent bank**

none

no e

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

s
County C1ntoD

no

no

6. Condition figures, as of (date*) Tu.ne 17

1929

Loans and discounts:
On real estate
Other
1
$ 1,7E114,384.65

Total loans and discounts

87,011.83

Real estate acquired in satisfaction of debts

497,541.38

.

Investments

393,718.70

All other resources

2,692.656.56_

Total resources
Capital

200,000.00

Surplus and undivided profits

202,050.75

Deposits:
2J701.29

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

1,221,061.50
850,565.32

Total deposits................................................. $ 2,074)328.11
Borrowings from F. R. bank
216,277170

Borrowings from other banks
All other liabilities

2,692,656.56

Total liabilities

7. has this bank been reopened?

no

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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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

yes

9. Is this bank still ill process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Secured claims.. . . 551,650.02- 551,650.09

Per cent of payments
to claims allowed

100

Preferred claims..

30,269.75

30,269.75

100

General claims. . .

568,930.84

504,806.46

0.r,,i1. -35

Total claims. . . .'

a: • 2C.Z I)0

i

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. ..


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

X

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

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

no

If so, state what industry or type of agriculture

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

1920

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

assessment since °losing, in litigation*


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

10070
'

•

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

'CVO

O National bank
Name of State

En State bank

Oregon

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

•
1. Name of bank First Bank of Bay City

Town or City Be y City

County Till amook

2. Date organized 3-111Y 30, 1906 Date suspended Feb. 1 1922Population of town or city*

3. Federal reserve district

12

Member or nonmember of F. R. System_n°

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

•

none

Outside city of parent bank**

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

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


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Federal Reserve Bank of St. Louis

511

none

no

6. Condition figures, as of (date*)

Ian 31, _192.

Loans and discounts:
On real estate
Other
$

Total loans and discounts

6,670.12

Real estate acquired in satisfaction of debts

.13 81.

Investments

101,051.36

e

37,546.67
13,678.97

All other resources

158.947.12

Total resources

25,000.00

Capital

minus.

CT ital. im?aired

Surplus and undivided profits

303.87—

Deposits:
$

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

1,811.26
52.028.60
15,456.79
69,296.65

Total deposits

none

Borrowings from F. R. bank

58,503.91

Borrowings from other banks

4,500.00

All other liabilities

158.i947.12

Total liabilities
7. Has this bank been reopened?

no

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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Federal Reserve Bank of St. Louis

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

no

If so give:

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

Per cent of loss
to claims

Amount of loss
Secured claims

$

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

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

•

Dividends paid from
collections

Claims allowed

Secured claims. . ..

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

___

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

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

yes
If so give:
ri.l. 4 1927
Ao,

Collections:
From liquidation of assets

$ 18 p6.24.e8

From assessments on shareholders
Other collections (explain)
18 $624.88

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

3,477.36

•

Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

7,"26.44

7.726,44

General claims. . . . 55 p342.05

14.044.74

Secured claims....

Payments from
guaranty fund

Total payments

7.726,44

Per cent of payments
to claims allowed

100

Preferred claims...
14 1044.74

25.4

21 /
1'
1

3li.5

Total claims


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Federal Reserve Bank of St. Louis

‘3 i g

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

Primary
cause

Contributing
cause

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

TQO

small volume

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
no

or agriculture?

If so, state what industry or type of agriculture

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

Several years prior.

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

no

If so, give dates and amounts of all assessments

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by 8upePisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

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

National bank
Name of State

[i] State bank

Oregon

O Trust company
O Stock savings bank
O

Mutual savings bank

O Private bank

•
1. Name of bank Pine Belt Banking Co.

Town or City Butte Fells

County Xi:mks=

2. Date organized May 24, 1907 Date suspended Mar0 19, 19200pulation of town or city* 166

3. Federal reserve district

12

Member or nonmember of F. R. System_

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

•

Outside city of parent bank**

none

non

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

no

no

6. Condition figures, as of (date*)

MuTCh 19 11928

Loans and discounts:
On real estate
Other
Total loans and discounts

50,121.10

$

8,967.02

Real estate acquired in satisfaction of debts

73-,

Investments

24,9'64.74
9,212.50

All other resources

93,235.36

Total resources

25 f000.00

Capital

5,742.11

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

53 2489.59
9,003.66
s

Total deposits

62,493.25

Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
93,25.36

Total liabilities

7. Has this bank been reopened?

no

If so give:

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

•
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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Federal Reserve Bank of St. Louis

8. Has this bank been taken over by another bank?
Name of bank by which taken over

If so give:

yes

Firt Nutional Bank

Medford

March 31, 1928

Date taken over
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
none

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....

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


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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
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)

$0.qtc1P..Q

PP.ingalta officer

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

no

If so, state what industry or type of agriculture

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

1927

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

Stockholder removed frozen assets after closing, total 22,500.00


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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
4

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

110

• National bank
Name of State

E State bank
[1] Trust company
E] Stock savings bank
O

Mutual savings bank

Oregon

O Private bank

•
Carlton State & Savings Bank Town or City Carlton
1. Name of bank_

2. Date organized

8-18-10

3. Federal reserve district

Date suspended 1-19-22

T vielfth

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

•

Y rnhil1

Population of town or city* 550

Member or nonmember of F. R. System_ Non member

None

Outside city of parent bank**

None

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

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


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Federal Reserve Bank of St. Louis

County

No

6. Condition figures, as of (date*)

Dec. 31, 1921

Loans and discounts:
On real estate
Other
$

Total loans and discounts

114, 55
one

Real estate acquired in satisfaction of debts

79‘

Investments

q,262.28
40,100.72

All other resources

11-1R06_55

Total resources

16,000.00

Capital

4,000-00

Surplus and undivided profits
Deposits:
Due to banks**

None

Demand deposits, including U. S. Govt. deposits

892 245.34

Time deposits, including postal savings

45-,309.91
1341555.31

Total deposits

None

Borrowings from F. R. bank

81 341.24

Borrowings from other banks

None

All other liabilities
Total liabilities

7. has this bank been reopened?
Date of reopening

1a2,9& 55
If so give:

1-2:7-22

Name under which reopened Cr:r1ton State & Savings Bank
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total

None

* 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

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. .. .

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.


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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
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
No

or agriculture?

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspenI_ bout

sion?

nut ry 1, 1918

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

Y es
100 %

If so, give dates and amounts of all assessments
Jenuary 1922

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

35

O National bank
Name of State

O State bank
O Trust company

Oregon

O Stock savings bank
▪ Mutual savings batik
O Private bank

1. Name of bank State Bank of Coburg

2. Date organized July 3$ 1909

3. Federal reserve district

Town or City

Coburg

Date suspended Oct. 161 192Fn
-ropulation of town or city*

12

Member or nonmember of F. R. System no

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

none

Outside city of parent bank**

none

5. Was this bank a member of a chain or group? If so give the name of the chain or group no

* 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

Lane

27S)

6. Condition figures, as of (date*)

Oct. 15, 1925

Loans and discounts:
On real estate
Other
$

Total loans and discounts

36 ,672,7_8

Real estate acquired in satisfaction of debts

4,813.16

Investments

8,61E3.40
16,637.87

All other resources

66,742.21

Total resources

10,000.00

Capital
Capital impaired

Surplus and undivided profits

2,001.27—

Deposits:
89.19

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

41,249. 13

Time deposits, including postal savings

15,403.89
56742.21
,

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

66,742.21

Total liabilities
7. Has this bank been reopened?

no

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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

Secured claims...
_

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

If so give:
10. Has this bank been finally liquidated? yes
Oct.
3,
1928.
Date liquidation was completed
Collections:
From liquidation of assets

38,335.78

From assessments on shareholders
Other collections (explain)
Total collections
4920.50

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

Secured claims )

Claims allowed

Dividends paid from
collections

1,343.19

1,345.19

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

100

Preferred claims )
General claims. . . . _44_440.04
Total claims


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

34,883.27

i818,3.) 314.J-it

13'1\ 73.2

76',-18'

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

Primary
cause

Contributing
cause

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

Other causes, (specify)

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

no

If so, state *hat industry or type of agriculture

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

Di:te of oreanization.

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

no

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

*BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

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

of)G

National bank
Name of State

O State bank
O Trust company
O Stock savings bank
O

Mutual savings bank

O Private bank

1. Name of bank Cove State BPnk

Town or City

Cove

County

2. Date organized May 15, 1908 Date suspended Dec. 2, 1926Population of town or city*

3. Federal reserve district

12.

Member or nonmember of F R. System_

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

none

Outside city of parent bank**

none

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

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


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

no

Union

399

DO

7)ec 1, 1926

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

30,934.68

Total loans and discounts

10

Real estate acquired in satisfaction of debts
2--A

Investments

,.?e

9
'
71.85

1;452.01
12,904.62

All other resources

56,263.16

Total resources

15,000.00
2,768.29
2.1161142

Capital
Surplus and undivided profits
Deposits:
1..25

Due to banks**

$

Demand deposits, including U. S. Govt. deposits

30)018.75

Time deposits, including postal savings

5,974.67
35,994.87

Total deposits
Borrowings from F. R. bank

2,500.00

Borrowings from other banks
All other liabilities

56,263.16

Total liabilities

7. Has this bank been reopened?

no

-

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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
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

s
If so give:
Dec. 24, 1928

Collections:
26,440.87

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

16,327.49

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

357.83

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

357.83

100

General claims. . . . _.__,_33_,401.63

100

Secured claims..)..
Preferred claims)

Total claims.


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

3-q5
4- L— -33.)--T5-4.L-

00,

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

Primary
cause

Contributing
cause

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

Other causes, (specify)

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

•

no

or agriculture?

If so, state what industry or type of agriculture

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

•1919

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

no

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type Of bank reported—check
appropriate one of the following
Ei

National bank
Name of State

El State bank

Orocon

El Trust company
El Stock savings bank
lutual savings bank
[1] Private_ bank

•
1. Name of bankLane County State and Savines'cor City Florence

2. Date organized

County

May 2?, 1909 Date suspended Feb 2 1927 Population of town or city*317

3. Federal reserve district

12

Member or nonmember of F. R. System_ no

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

none

Outside city of parent bank**
none
5. Was this bank a member of a chain or group? If so give the name of the chain or group
no

* 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

Lane

6. Condition figures, as of (date*) Feb 2 1 1927
Loans and discounts:
On real estate
Other
Total loans and discounts

8

71,779.34
1.00

Real estate acquired in satisfaction of debts
Investments

15,707.43

All other resources

34,348.21
121,835.98

Total resources

10 p000.00

Capital

2,667.12

Surplus and undivided profits
Deposits:
$ 3,154.13

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

73,969.24

Time deposits, including postal savings

32,025.31
$ 109.166.66

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

121,835.98

Total liabilities

7. Has this bank been reopened? 11°

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:
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)
Claims allowed

Secured claims..)

5,451.00

Preferred claims. .

_

Dividends paid from
collections

Total payments

5,451.00

General claims. .. . _ 822194.51
Total claims. . . .

Payments from
guaranty fund

100

31,495.59

, L+5,..5-4_

3E363

1-1-. i"

(,,(-,
cm4,51.__1

(9-]

10. Has this bank been finally liquidated?

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

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

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

Primary
cause

Contributing
cause

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

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

•

Logging

or agriculture?

If so, state what industry or type of agriculture

Locrane

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

no

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended'on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

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

31

EJ National bank
M

Name of State

State bank

Oregon

• Trust company
Stock savings bank

O Mutual savings bank
O Private bank

•
1. Name of ban9old Hill Bank

2. Date organized__

3. Federal reserve district

Town or City Gold Hill

Ibate suspendedM1' 21, 1924Population of town or city*

,-_

12

Outside city of parent bank**

none

none

5. Was this bank a member of a chain or group? If so give the name of the chain or group no

* 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

Jackson

422

Member or nonmember of F. R System__ no

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

•

County

6. Condition figures, as of (date*)

Viarch 22$ 1924

Loans and discounts:
On real estate
Other
Total loans and discounts

$

67 $177.86

Real estate acquired in satisfaction of debts
Investments

1,000.00
42,500.30

9
/ C7eK

All other resources

21,584.91
132,263.07

Total resources

101000.00

Capital

2,167.52

Surplus and undivided profits
Deposits:
3,576.86

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

76,697.72

Time deposits, including postal savings

14,578.92
$

Total deposits

94,853.50

Borrowings from F. R. bank
23$336.00

Borrowings from other banks
All other liabilities

132,263.07

Total liabilities

7. Has this bank been reopened?

no

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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

yes

If so give:

API"!1 14 192-6

Collections:
$

From liquidation of assets

E30_12.43

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

Secured

Dividends paid from
collections

claims

Preferred claims
General claims. ... 9853.5O
Total claims. . .


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

811461.80

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

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

Other causes, (specify)

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

no

or agriculture?

If so, state what industry or type of agriculture

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

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

no

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

2"

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

• State bank

Oregon

0 Trust company
O Stock savings bank
0 Mutual savings bank

LI Private bank

1. Name of bank Harper State Bank

2. Date organizecfeb 14$ 1911

3. Federal reserve district

Date suspended

Town or City Harper

J'uly 17 $ 109in
yiopulation of town or city* 150

12

Member or nonmember of F R. System

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

•

County1\1'11 heur

none

Outside city of parent bank**

none

5. Was this bank a member of a chain or group? If so give the name of the chain or group no

* 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

no

6. Condition figures, as of (date*)

Jluy 17, 19'60

Loans and discounts:
On real estate
Other
48,1114.85

Total loans and discounts

5,495.09

Real estate acquired in satisfaction of debts

6,681.00
6,601,00
9,127.03
WPM=

461i..2

Investments
All other resources

69)747.97

Total resources

15,000.00

Capital

541.60

Surplus and undivided profits
Deposits:
67.07

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

41,181.58
12689.90

Total deposits

$

436138.35

Borrowings from F. R. bank
6,590.75

Borrowings from other banks
All other liabilities

69,747.97

Total liabilities

7. Has this bank been reopened?

no

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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?

yes

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

6t- 2-67
Secured claims.]..

Pearle

6682.69

—

6,irr.2 .47

Per cent of payments
to claims allowed

/e a

Preferred claims)...
23,00r0.2
1;1.,a,ae

344)6 77-3r
.
5-rW7e7/371
General claims. . . . 1

37,fi0•Di

Total claims.

_2-3,110 r. a.1

76"

_2_7,,Er20- 7/

71.,fer

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

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

Primary
cause

Contributing
cause

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

Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
no

or agriculture?

If so, state what industry or type of agriculture

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

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

no

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

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

bE State bank O Trust company
O Stock savings bank
• r
O Mutual savings bank
• Private bank

•
1. Name of bank Bank of Ione

CountyT'orrovz

Town or City Tone

net. 14, 1903 Date suspendedIan 101
2. Date organizea- 1927 Population of town or city*

439

3. Federal reserve district

no

12

Member or nonmember of F R. System_

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

none

Outside city of parent bank**

none
no

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

6. Condition figures, as of (date*)

an 10,

Loans and discounts:
On real estate
Other
$ 286 0:86.05

Total loans and discounts

12,286.68

Real estate acquired in satisfaction of debts

2,872.82

2(
i.7; Qc/

Investments

11,489.88

All other resources

312)835.43

Total resources

25,000.00

Capital

9,194.31

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

564414=5
66,454.56
xi1422indtt
11,925,81
78,389.37

Total deposits
Borrowings from F. R. bank

200,260.75
Borrowings from other banks
All other liabilities
312 p838.43

Total liabilities

7. Has this bank been reopened?

no

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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? yes
(Amounts in dollars)
-

Claims allowed

Secured claims )

Dividends paid from
collections

Payments from
guaranty fund

Total payments

827.50

827.5

Per cent of payments
to claims allowed

100

Preferred claims.
_17,o_aa.za_

General claims... . 721057.55
Total claims.. ..

25
.P\5-. c,D,,

/

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

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...00at.craps. and .pr.ices
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
yes

or agriculture?

If so, state what industry or type of agriculture

Dry wheat farming

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

1919

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
100;07
bank suspended?

ye

If so, give dates and amounts of all assessments

assessment levied, nothing collected pending litigation.


http://fraser.stlouisfed.org
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
ipstitutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

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

Ej National bank
iej State bank

14
Name of State

'

e Ep n

O Trust company
0 Stock savings bank
O Mutual savings bank

O Private bank

•
1. Name of bank Or

Ste te Bank

2. Date organizeclAue 8, 1902

3. Federal reserve district

Town or City

Date suspended M- r. 18

12

Terferson

Marion

1927population of town or city* 417

Member or nonmember of F. R. System_

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

none

Outside city of parent bank**

non

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

110

6. Condition figures, as of (date*)

11,,Tar. 181 1927

Loans and discounts:
On real estate
Other
Total loans and discounts

8

81378.34

Real estate acquired in satisfaction of debts

7,

Investments

125,903.08

131711.54

/•'

20,019.27

All other resources

168,012.23

Total resources

252000.00

Capital

2,719.08

Surplus and undivided profits
Deposits:
$

Due to banks**

682,31

Demand deposits, including U. S. Govt. deposits

841930.72

Time deposits, including postal savings

49,980 $12
$

Total deposits

1351593.15

Borrowings from F. R. bank
4,700.00

Borrowings from other banks "
All other liabilities

168,012.23

Total liabilities

7. Has this bank been reopened?

no

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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?

yes

If so give payments to date:

(Amounts in dollars)
Claims allowed

Secured claims. ). .

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments.
to claims allowed

9,329.57

9,39.
f757

117 1956.77

105,743,13

8°.7

li,5707..70

70• 1+ i

100

Preferred claims .
General claims...

Total claims.. . . _l_Dgia,&

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

If so give:

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

Secured

claims

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


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

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

Primary
cause

Contributing
cause

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

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
no

or agriculture?

If so, state what industry or type of agriculture

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

1919

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

no

If so, give dates and amounts of all assessments

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspendedon account of financial difficulties, even though they are subsequently taken over by _other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

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

M State bank

Oregon

• Trust company
[1] Stock savings bank
[j] Mutual savings bank
Private bank

EJ

First Stte and Savings Bank,
1. Name of bank_
Town or CityK-Uallath Falls

County Klamath

•
2. Date organized lug• 30, 1907 Date suspended Tan 28* 1922 Population of town or city* 480].

3. Federal reserve district 12

Member or nonmember of F. R. System

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

Outside city of parent bank**

none

none

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

* 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

nn

6. Condition figures, as of (date*)

Jan 28, 1922

Loans and discounts:
On real estate
Other
Total loans and discounts

$

1'281,168.26

Real estate acquired in satisfaction of debts
771486.82

1)

Investments

55)5‘18.99

All other resources

1,414 404.07

Total resources

250)
000.00

Capital

2,432.27
Surplus and undivided profits
131382.61

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

508.204.49

Time deposits, including postal savings

200,584.26
722,j1.3o

Total deposits
Borrowings from F. R. bank

430)184.24

Borrowings from other banks

995.99

All other liabilities

1,414,204.07

Total liabilities

7. has this bank been reopened?

no

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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)
Dividends paid from
collections

Claims allowed

Secured claims. . . .

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

--

Preferred claims

—

General claims.

—

Total claims....
c

If so give:
10. Has this bank been finally liquidated? yes
July
19,
Date liquidation was completed
1928.
Collections:
$ 1,064,221.23

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

11064.221623

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

$

44320.82
kiEtiftihrba-

Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims. .

Dividends paid from
collections

112 $669_.21 112,69.21

Payments from
guaranty fund

Total payments

-112,669.21

Per cent of payments
to claims allowed

--NO

Preferred claims
General claims.. . . _569 $001.66
Total claims. . .


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

i / 7.1

373$653.57

3732653.57
,J)(4.3;23

65.7

71. 3

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
see note below

Defalcation

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
The mismanagement was of a criminal character,
no actual defalcation.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

no

If so, state what industry or type of agriculture

What was the apprroximate 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? no


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

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
111

National bank
Name of State

El State bank
0 Trust company

LI Stock savings bank
El Mutual savings bank
0 Private bank

Oreoo n.

1. Name of bankFirst State and Savings Bank

2. Date organizecl-\11g 30, 1907

3. Federal reserve district

Town or City

Klamath Fall ounty Klamath

Date suspended Jan• 12 t1921 Population of town or city* 4801

12

Member or nonmember of F. R System_ no

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

Outside city of parent bank**

none

none

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

* 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*) NOV. 15, 1920
Loans and discounts:
On real estate
Other
Total loans and discounts

$ 1,4941575.00
37 ,054.32

Real estate acquired in satisfaction of debts

"71

Investments

122,828.44
294,583.09

All other resources

1,9491040.85

Total resources
Capital

100,000.00

Surplus and undivided profits

100,000.00

Deposits:
Due to banks**

$ 30,744.60

Demand deposits, including U. S. Govt. deposits

1,212.043.26

Time deposits, including postal savings

395,752,99
$ 116381540.85

Total deposits

none

Borrowings from F. R. bank

110,500.00

Borrowings from other banks
All other liabilities

1 $949,040,85

Total liabilities

7. Has this bank been reopened?

Yes

If so give:

Date of reopeninFar. 14, 1921
Name under which reopened
Loss to depositors on:
Secured claims
Preferred claims
General claims
Total

(Closedagain 1/26/22)

same
Amount of loss

Per cent of loss
to claims

none
none
none
none

* 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)

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

.

(

•

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

Primary
cause

Contributing
cause

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

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
no

or agriculture?

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

yhts

If so, give dates and amounts of all assessments

capital of
—fter suspension old capital and surplus wiped out and new
250,000.00 subscribed and paid in.


http://fraser.stlouisfed.org
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
suspension.

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

41L'

National bank
Name of State

El State bank

Oregon

• Trust company

O Stock savings bank
O Mutual savings bank
O Private bank

•
1. Name of bank

Lafayette State Bank

2. Date organized MaIr 6

3. Federal reserve district

1911

Date suspended

Town or City Lafe vette

Aug. 301 1941opulation of town or city* 410

Twelfth

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

•

Member or nonmember of F. R. System4.1.0' n_4443ril

None

Outside city of parent bank**

None

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

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


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

County

uont

6. Condition figures, as of (date*)

30, 191_

Loans and discounts:
On real estate
Other
$

Total loans and discounts

103052.17

Real estate acquired in satisfaction of debts

4,282.50

Investments

9,350.00
14,973.20

All other resources
Total resources

15,000_00

Capital
Surplus and undivided profits

5,207.85

Deposits:
$

Due to banks**

608.60

Demand deposits, including U. S. Govt. deposits

25,117.60

Time deposits, including postal savings

30,065.43
$ 55,791.63

Total deposits

None

Borrowings from F. R. bank

62,839.64

Borrowings from other banks
All other liabilities

131,757.84

Total liabilities

7. Has this bank been reopened?

ro

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?

No

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:

No

(Amounts in dollars)
Dividends paid from
collections

Claims allowed

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

10. Has this bank been finally liquidated?

Yes

If so give:

1-21-24

Date liquidation was completed
Collections:

$

From liquidation of assets

31,21.1.30
lIone

From assessments on shareholders
Other collections (explain)

31,211.30

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

Payments from
guaranty fund

5 053.37

5,053.37

NONE

General claims. . .•

52,034.73

23,249.45

23,249.45

Total claims. . .

57,oseao

28,302.82

28,302.82

Claims allowed

Secured claims. ..

Total payments

5,053.37

Per cent of payments
to claims allowed

100

Preferred claims.


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

44.7

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

Primary
cause

Contributing
cause

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

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

•

No

or agriculture?

If so, state what industry or type of agriculture

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

Zaxi-1;414:ro

Talc

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

No

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
stispengion.

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

National bank

ai

State bank

Name of State
Oregon

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

1. Name of bank Lapine StFte Bank

2. Date organized4: 11 25

Town or City

Lapine

4, 1923 Population of town or city*
1914 Date suspendeept.
§

3. Federal reserve district 12

Member or nonmember of F R. Systerr°

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

Outside city of parent bank**

none

none

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

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


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

County Deschutes

no

100 ?

6. Condition figures, as of (date*)

Sept 4 1923

Loans and discounts:
On real estate
Other
$

Total loans and discounts

.61

Real estate acquired in satisfaction of debts

2,697.20

Investments

2,508.63

All other resources

91155.62
63,315.06

Total resources

15,000.00

Capital

2,965.57

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

26,697.53
8,848.54
35,546.07

Total deposits
Borrowings from F. R. bank

9,135.36

Borrowings from other banks
All other liabilities

63,315.06

Total liabilities

7. Has this bank been reopened?

no

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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

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

•10. Has this bank been finally liquidated?

Yes

Date liquidation was completed '

If so give:

August 22, 1927

Collections:
From liquidation of assets

40 p5c12.58

From assessments on shareholders

3,900.00

Other collections (explain)
Total collections

44A82._58_

Offsets to claims (loans paid, etc.)

4,173.76

Payments to depositors:
(Amounts in dollars)

Secured claims i.

Claims allowed

Dividends paid from
collections

5459.74

. 5470.54

Payments from
guaranty fund

,

Total payments

Per cent of payments
to claims allowed

100

Preferred claims...
General claims. . . .

25 p

586.011_

Total claims. ... 3_1 70


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

14,724-.27—
DOil1
s. ) Ic
.

5731-2-

65.65

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)Loas to bakkers fqmily7.Tpg.es.
Too small volume

Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry •
no

or agriculture?

If so,-state what industry or type of agriculture

What was thp approximate date of the beginning of the difficulty which ultimately caused the suspenDate of organization.

sion?

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

yes

If so, give dates and amounts of all assessments

assessment levied after failure, collected 3900.00


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

100%

•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

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

El State bank

Orcgon

0 Trust company
O Stock savings bank

n Mutual savings'bankO Private bank

•
1. Name of bankLexington State Bank

Town or CitPxington

County Morrow

2. Date organized Feb. 241 1914 Date suspendedDec• 171 1927 Population of town or city*

3. Federal reserve district

- 12

Member or nonmember of F. R. System no

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

none

Outside city of parent bank**

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

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


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

none

no

264

7e Q. 17, 1927

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

$

Total loans and discounts

20,334.01

Real estate acquired in satisfaction of debts

1,280.00

Investments

2,456.00

All other resources

1,548.26
25,618.27

Total resources

15,000.00

Capital

424.71—
a10

Capital impaired

Surplus and undivided profits
Deposits:
Due to banks**

10,185.95

Demand deposits, including U. S. Govt. deposits

2,457.03

Time deposits, including postal savings

12,642.98

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

25,618.27

Total liabilities
t
7. Has this bank been reopened?

yes

Date of reopening Feb. 17
Name under which reopened
Loss to depositors on:

If so give:

1928

Note: Reopened to go into voluntary
DE:positors immediately
full.
-paid in

Sara
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total

none

* 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

If so give:

8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
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

"rotal 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?
Date liquidation was completed

If so give:

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

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


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
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)
Too small vloume

Other causes, (specify)

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

II

no

If so, state what industry or type of agriculture

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

sion?

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


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

Ye

85;07
If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by Supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

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

• State bank

Oregon

O Trust company
O Stock savings bank
O

Mutual savings bank

O Private bank

1. Name of bank Citizens State Bank

Town or City tletolius

County

jeff:rson

Mar. 27izedP
Oct. 16, 1926
, 1911 Date suspended
2. Date organ
opula
tion of town or city* 94

3. Federal reserve district

12

Member or nonmember of F. R. System

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

•

none

Outside city of parent bank**

none

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

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


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

no

no

6. Condition figures, as of (date*)

Oct. 16, 1926

Loans and discounts:
On real estate
Other
$

Total loans and discounts

44,459.22

Real estate acquired in satisfaction of debts

e,632.32

Investments

8,142.37
12,169.19

All other resources

73,403.10

Total resources

15,000.00

Capital

213.91—

Cc,pitai impO.M1,

Surplus and undivided profits
Deposits:

33.45

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

37,005.44

Time deposits, including postal savings

15,293.12
$

Total deposits

52,332.01

Borrowings from F. R. bank
61285.00

Borrowings from other banks
All other liabilities

73,403.10

Total liabilities
7. Has this bank been reopened?

no

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
Generarclaims
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

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? Yee

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

7,161.63

100

103470.71

f---7

Secured claims.).. 7,161.63
Preferred claims).
General claims.. .. 38)753.14
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

General claims
Total claims....


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

Payments from
guaranty fund

<

Secured claims
Preferred claims.

Dividends paid from
collections

—

--

Total payments

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

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

TQP..4Mall VOI4MQ

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

•

no

or agriculture?

If so, state what industry or type of agriculture

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

1920

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 -Ifteli

•

closing 100% assessment levied, still subject to litigation, nothing collected.


http://fraser.stlouisfed.org
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 suspehded 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.Spension.

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

National bank

34
Name of State

El State bank
Oregon

O Trust company
O Stock savings bank
O

Mutual savings bank

O Private bank

•
Bank,
1. Name of banOestcrn State

2. Date organizedjan 12, 1907

3. Federal reserve district

Date suspended N°T° i5, 1924 Population of town or city*

12

Member or nonmember of F R System

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

•

County Lincoln

Town or City Newport

no

none

Outside city of parent bank**

none

5. Was this bank a member of a chain or group? If so give the name of the chain or group
4

County Bank, Toledo, were then owned by same family*
* Latest census figuret 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

580

This and Lincoln

6. Condition figures, as of (date*)

1:04,0 5, 1924

Loans and discounts:
On real estate
Other
2721784,73

Total loans and discounts

811.41./24

Real estate acquired in satisfaction of debts
Investments

25,282.39

All other resources

51,457.41
357,665.77

Total resources

12)
000.00

Capital

15,732.48

Surplus and undivided profits
Deposits:
$

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

46 ,783.61
189,411,85
75,737.83
311 g933.29

Total deposits
Borrowings from F. R. bank

181000,00

Borrowings from other banks
All other liabilities

357 1655.77

Total liabilities

7. Has this bank been reopened?

no

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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...

If so give:
•10. Has this bank been finally liquidated? Yes
1930
2.
May
Date liquidation was completed
Collections:
From liquidation of assets

$ awrigfg:=

174,535•54

x440,aCa00

4,000.00

From assessments on shareholders
Other collections (explain) Surety bond. on cashier

talailitie2x 178 p 535.54

Total collections

$ 332339.60

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

Secured claiths. .) I 4,493.90
Preferred claims )
263 057.50

Dividends paid from
collections

14,493.90
123,50e•73

General claims. . .
Total claims


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

Dq ri_TS-51iiii

ia

Payments from
guaranty fund

t

Total payments

Per cent of payments
to claims allowed

100

47

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

Primary
cause

Contributing
cause

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

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
no

or agriculture?

If so, state what industry or type of agriculture

-

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

' Ian.1924.

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 Prior to

closing, in spring of 1924, unofficially done, no record of amount.


http://fraser.stlouisfed.org
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
bSi. supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended,on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

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

31
Name of State

El State bank

Oregon

0 Trust company
0 Stock savings bank
0 Mutual savings bank
0 Private bank

1. Name'of bank Bank of Nyssa

2. Date organizeReb. 7, 1910

3. Federal reserve district

Date suspendedM5Y2fi 2 1923

12

Outside city of parent bank**

Population of town or city*

563

no

none

none

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

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


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

Malheur

County

Member or nonmember of F R System

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

•

Nyssa

Town or City

no

6. Condition figures, as of (date*)

May 261 192"

Loans and discounts:
On real estate
Other
120,750.38

Total loans and discounts

143.28

Real estate acquired in satisfaction of debts
Investments

g ,141.53

1 2?i

21,489.70

All other resources

151 /524.89

Total resources
Capital

25,000.00

Surplus and undivided profits

17,561.06

Deposits:
$

Due to banks**

243.69

Demand deposits, including U. S. Govt. deposits

51,877.00

Time deposits, including postal savings

26,617.33
78.738.02

Total deposits
Borrowings from F. R. bank

29,432.35

Borrowings from other banks

793.46

All other liabilities

151,524.89

Total liabilities
7. 1 I as this bank been reopened? no

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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? 708
My_211, 1930
Date liquidation was completed
Collections:
From liquidation of assets

$_51:4052..92—

From assessments on shareholders

none

Other collections (explain)
50,052482

Total collections

7,976.81

Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Dividends paid from
collections

Claims allowed

Secured claims.

i

4501.57

4501.57

Payments from
guaranty fund

Total payments

4501.57

Per cent of payments
to claims allowed

100

Preferred claims

General claims. . . . _615.4953.63_

310326.35—

-3-1454--D,r1,41

Total claims. . • . 1_114.5•5.--ad-


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

47*

,5-6,5

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
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)
Small voltune

Other causes, (specify)

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

no

If so, state what industry or type of agriculture

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

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

no

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
<
suspension.

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

El National bank

Name of State

• State bank

Oregon

O Trust company
O Stock savings bank
O Mutual savings bank

El Private bank

•
1. Name of bank_Ashley St. te Bank

Town or City Portland

County 11111t120Mah

2, 19 Population of town or city*258•288
A28
2. Date organizediTulY 31, 1925 Date suspendedpril

3. Federal reserve district

12

Member or nonmember of F R System

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

•

none

Outside city of parent bank**

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

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


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

none

no

no

6. Condition figures, as of (date)

pr11 2, 1928

Loans and discounts:
On real estate
Other
$ 343,141.82

Total loans and discounts

58,084.96

Real estate acquired in satisfaction of debts

)
7'.3

Investments

e0,3

94,862.50
121,164.92

All other resources

617,254,20

Total resources

501000,00

Capital

13,920.28

Surplus and undivided profits.
Deposits:
$

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

17,748.53
2591190.16
273,576,60
$ 550,515.29

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

2,500.00
617,254.20

Total liabilities
7. Has this bank been reopened? no

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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)
Claims allowed

Dividends paid from
collections

32,536.71

32,536.71

General claims. . .. 462)386.99

2931088.20

63.4

3,Q 5i.D,1-1-,?i

t5.77

Secured claims. .).
)
Preferred claims

___D.:._+
- r-I- O._

Total claims.

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

100

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

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

Primary
cause

Contributing
cause

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

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

•

no

If so, state what industry or type of agriculture

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

1923

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 -iter

This bank was a reorganization
closing 100% assessment, nothing recovered.
ou comp e e
asse s n reorgan za on vi
and stocsolders used


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

cleaning it up.

•

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

Eci State bank
O Trust company

LI Stock savings bank
• Mutual savings bank
D Private bank

•
1. Name of bank Be.rik of Kenton

2. Date organized My 152 1909

3. Federal reserve district

Town or City

Portland

Date suspended Dec. 31 1926Population of town or city* 2582288

12

Member or nonmember of F R. System no

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

Outside city of parent bank**

none
none

5. Was this bank a member of a chain or group? If so give the name of the chain or group no

* 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

Countyllultnomah

6. Condition figures, as of (date*)Dec. 2, 1926
Loans and discounts:
On real estate
Other
$ 811,453.89

Total loans and discounts
Real estate acquired in satisfaction of debts

12,364.42

Investments

58,670.99
259.161.30

All other resources

1,141,650660

Total resources
Capital

50,000.00

Surplus and undivided profits

13$273.48

Deposits:
$

Due to banks**

17,765.64

Demand deposits, including U. S. Govt. deposits

656,291,18

Time deposits, including postal savings

306,829..78
$ 980,886,60

Total deposits
Borrowings from F. R. bank

96,154.52

Borrowings from other banks
All other liabilities

1,141050,60

Total liabilities

7. Has this bank been reopened?

no

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
ye ..9

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims avowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

_

25,421.49

25,421.4:9

7911799.55

133,807.64

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

Total claims. .. h 7)

I , 0'
Y.
157).

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

100

13.9

_

41./3

i

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

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

Primary
cause

Contributing
cause

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

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry •
no

or agriculture?

If so, state what industry or type of agriculture

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

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

no

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
instialtions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
E]

National bank

• State bank

Name of State

-

Or Eon

O Trust company

O Stock savings bank
O Mutual savings bank
O Private hank

•
St- te Bank of Portland
1. Name of bank_

Town or City Portland

2. Date organized Tune 23 2 1917 Date suspendedPeb. 16

3. Federal reserve district

IL

1922Population of town or city* 258.288

Member or nonmember of F. R. System__ no

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

•

Outside city of parent bank**

none

none

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

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


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

CountyOat11a310.11

no

6. Condition figures, as of (date*)

Feb. 15• 1922

Loans and discounts:
On real estate
Other
$ 1,848,362.64

Total loans and discounts
Real estate acquired in satisfaction of debts
171//j Ic=7,

Investments

592)832.12
565)653.91
g
3)
006. 14.67

All other resources
Total resources

300,)000.00

Capital

181597.63.

Surplus and undivided profits
Deposits:
220)594.10

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

11297.948.86

Time deposits, including postal savings

1,106,681.30
$

. Total deposits

21625)224.26

Borrowings from F. R. bank
45)000.00

Borrowings from other banks
All other liabilities

3/006 /848.67

Total liabilities
7. Has this bank been reopened? no

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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....
c
Total claims. . ..

10. Has this bank been finally liquidated?

yes

If so give:

Date liquidation was completed Ian 3 1927.
Collections:
From liquidation of assets

$ 1,672,252.20___
117,288.20

From assessments on shareholders
Other collections (explain)

1,789,540.79

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

Secured claims..)155 t936.18

Dividends paid from
collections

155)936.18

Payments from
guaranty fund

Total payments

155)936.18

Per cent of payments
to claims allowed

100

Preferred claims.
General claims.

2,284,920.4

Total claims. . . f =_


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

fi)5,4

1,535,698.44
1091,634.62

67.2

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)....DiolicgIPP:4 .111:112.4gPta.egt

no a? nviction -

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

•

no

If so, state what industry or type of agriculture

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

Date of organization.

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

yes

If so, give dates and amounts of all assessments

100% assesmentt levied after closing, collected 117,286.59, of that.


http://fraser.stlouisfed.org
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
suspension.

Type of bank reported—check
appropriate one of the following

30

[1] National bank
[3 State bank

Name of State
Orep:on

r] Trust company
[I] Stock savings bank

O Mutual savings bank
O Private bank

•
Eagle Valley Stte Bank
1. Name of bank RiithiERVI

2. Date organized

jaa 3 1910

3. Federal reserve district

Town or City Richland

suspended June 4 1923 Population of town or city*

12

Member or nonmember of F. R. System__

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

•

County Baker

none

Outside city of parent bank**

none

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

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


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

no

244

no

Tune 10, 1923

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

$

Total loans and discounts

85,182.46
1,662.00

Real estate acquired in satisfaction of debts
4K-

Investments

436.00
21,341.35

All other resources

108,621.81

Total resources

15,000.00

Capital

2,692.30

Surplus and undivided profits
Deposits:
$

Due to banks**

257.27

Demand deposits, including U. S. Govt. deposits

64,00703

Time deposits, including postal savings

151006.81
79,271.81

Total deposits
Borrowings from F. R. bank

9,350.00

Borrowings from other banks
All other liabilities

108,621.81

Total liabilities

7. Has this bank been reopened?

no

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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

Per sent of loss
to claims

8

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

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?

yes

If so give:

Dec_,L, 1924

Date liquidation was completed
Collections:

abov.t

From liquidation of assets

38,160.44

From assessments on shareholders
Other collections (explain)
38,160.44

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... . 124561.17_
Total claims. . .


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

_____343-460.44

334_160.44

45.7

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

Primary
cause

Contributing
cause

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

TOQ small volume

Other causes, (specify)

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

•

no

If so, state What industry or type of agriculture

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

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

no

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

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

National bank
Name of State

1: State bank

Or

on

11 Trust company

D Stock savings bank
O Mutual savings bank
O Private bank

•
1. Name of ban irst State Bank

2. Date organized Novo 141 1913 Date suspended

3. Federal reserve district

12

Town or City

Seaside

21,
t 21591927
Population of town or city* 1802

Member or nonmember of F. R. System

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

none

Outside city of parent bank**

none

5. Was this bank a member of a chain or group? If so give the name of the chain or group no

* 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 Clatsop

no

6. Condition figures, as of (date*)

Ccpt 21, 1927

Loans and discounts:
On real estate
Other
$

Total loans and discounts

224,544.93

Real estate acquired in satisfaction of debts
8 7.

Investments

.7

62,791.75
50 ,122.20

All other resources

337,458.89

Total resources

25,000.00

Capital

6,155.65

Surplus and undivided profits
Deposits:
$

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

2,220.21
265.491.14
38,591.89
$

Total deposits

306,303,24

Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
337 p458.89

Total liabilities
z
7. IIas this bank been reopened?

no

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General 'claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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? Yes
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed
•

26,60.33

264_6_1.5_4_33

100

General claims.... 225'.194.18

169,124.62

75

Secured claims. . .)
Preferred claims )

5-D\,1",)
- :15±
-

Total claims.

I r/S 75'1,G15.
)
I 1

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

rirl'it

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

t

Total payments

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

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

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

yes

If so, state what industry or type of agriculture

Eastern Oregon dry farming

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

1919

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

assessment after closing, collected 5,600.00


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

100%

•

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
b37 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

M

State bank

Name of State
Oregon

O Trust company,

O Stock savings bank
O

Mutual savings bank

O Private bank

•
1. Name of bank Sheridan State Bank

2. Date organized April 6

Town or CitySheridan.

1-908Date suspendecf3ePt 231 1927 Population of town or city* 979

3. Federal reserve district 12

Member or nonmember of F R System

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

none)

Outside city of parent bank**

none

5. Was this bank a member of a chain or group? If so give the name of the chain or group no

* 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

CountyYamhi.11

no

6. Condition figures, as of (date*)

Sett. 23, 1(.327

Loans and discounts:
On real estate
Other
$

Total loans and discounts

72,300.93
29,289.80

Real estate acquired in satisfaction of debts
Investments

10664.77

‘‘'

21,393.69

All other resources

133,649.19

Total resources

25,000.00

Capital

5,917.35

Surplus and undivided profits
Deposits:
267.85

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

102,945.70
36,404.61

Time deposits, including postal savings
$

Total deposits

139,618.16

Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
133,649.19

Total liabilities
7. Has this bank been reopened?

no

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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)
Claims allowed

Secured claims. .). .

2,330.24

Preferred claims?..

__

General claims. ... 120 1806.19
Total claims. ... I

.:3. I3

Dividends paid from
collections

Payments from
guaranty fund

Total payments

2,330.24

Per cent of payments
to claims allowed

100
_

101,482.'74

84

ilia 163i k / cRi`i(i'

ef 3i
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

t

Total payments

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc

X

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

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

•

no

If so, state what industry or type of agriculture

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

1920

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

assessment since closings still in litigation.


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

90%

•

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 supei-visory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

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

p National bank
in State bank •

Name of State
Oregon

• Trust company
O Stock savings bank
E] Mutual savings bank

D Private bank

•
1. Name of bank Ba k of Sherwood

Town or City Sherwood

County Washington

2. Date organizectlug• 30, 1906 Date suspendedNov. 13, 1922Population of town or city* 320

3. Federal reserve district

12

Member or nonmember of F. R. SysterrP

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

•

Outside city of parent bank**

none
none

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

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


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

no

6. Condition figures, as of (date*)

77ov. 10, 1 922

Loans and discounts:
On real estate
Other
$

Total loans and, discounts

210,522.79
9,725.81

Real estate acquired in satisfaction of debts
Investments

15,797.67

(2e“:,
e.

47,976.32

All other resources

284,022.79

Total resources

25_1900.00

Capital

6,359.61

Surplus and undivided profits
Deposits:
1,421.16

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

111,879.33
93,698.59
$

Total deposits

206,999.08

Borrowings from F. R. bank
30,304.50

Borrowings from other banks
All other liabilities

284,022479

Total liabilities

7. Has this bank been reopened?

no

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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? ___Y.813._ If so give payments to date:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

1632.50

Secured claims. . . . 1632.50

1632.50

Per cent of payments
to claims allowed

100

Preferred claims.
General claims. . . .189,36a.1.5___
Total claims..

118 $396.30

118)396.30

_Li __./5 I

62.5

1

If so give:

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

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

Primary
cause

Contributing
cause

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

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

•

no

If so, state what industry or type of agriculture

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

1920

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

yes

If so, give dates and amounts of all assessments

100(10

assessment since closing contested in courts, not yet decided in Sept 1930.
Nothing paid.


http://fraser.stlouisfed.org
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
suspension.

Type of bank reported—check
appropriate one of the following

ra'y

6

O National bank

EJ

Name of State

State bank

IJ Trust company

Oregon

• Stock savings bank

El Mutual savings bank
O Private bank

•
1. Name of banTrench and Co., Bankers

2. Date organized July 13, 1908 Date suspended Feb

3. Federal reserve district

12

Town or City The Dalles

3, 1()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**

none

none

5. Was this bank a member of a chain or group? If so give the name of the chain or group no

* 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

;co

5807
no

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

Total loans and discounts

1,114,824.09
30,909.65

Real estate acquired in satisfaction of debts

88,468.68

9.2

Investments

192,785.59

All other resources

1,426.988.01

Total resources

200,000.00

Capital

71,415.11

Surplus and undivided profits
Deposits:
28,902.18

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

649,279.49
302,391.23
980,572.90

Total deposits
Borrowings from F. R. bank

175,000.00

Borrowings from other banks
All other liabilities

1,426.98841

Total liabilities

7. Has this bank been reopened?

no

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General 'claims
Total
* Condition items should be as of date of suspension, if i5ossible, 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
y88

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

111083.07

Secured claims. . .). 11,083.07

Per cent of payments
to claims allowed

100

Preferred claims. .).
050.199.03

General claims.
Total claims. . . .

720,453.51

84.7

Li__1_317—<3_(4„,5L_

3111

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

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

Primary
cause

Contributing
cause

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

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

•

no

or agriculture?

If so, state what industry or type of agriculture

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

1919 ?

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

Stockholders
If so, give dates and amounts of all assessments
contributed various assets after liquidation, which have been liquidated f r

bank suspended?


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

33,104.E 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 stipervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
.institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

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

E1 State bank
0 Trust company

Or,gon

0 Stock savings bank

LI Mutual savings bank
0 Private bank

•
1. Name of bank Fanners and Stock Growers Bankrown or City

V le

County

2. Date organized Oct. 9, 1919 Date suspended Dec. 3, 1927 Population of town or city*

3. Federal reserve district

12

Member or nonmember of F R. System

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

•

none

Outside city of parent bank**

none

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

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


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

no

Malheur

935

210

6. Condition figures, as of (date*)

nee. 3, 1927

Loans and discounts:
On real estate
Other
160,805.99

Total loans and discounts

9,011.77

Real estate acquired in satisfaction of debts
Investments

20 ,175,53

Zta'./9

47 ,486.41

All other resources

237,479.79

Total resources

50)000.00

Capital

,751.15

Surplus and undivided profits
Deposits:
$

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

748.95
129,095.45
34
'
218.76
164,063,16

Total deposits
Borrowings from F. R. bank

14,665.00

Borrowings from other banks
All other liabilities

237,479.70

Total liabilities

7. Ilas this bank been reopened?

no If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General<claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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? Yes
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Secured claims.). . 13,469.78

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

_13 t469•78

100

49 j650.15

40

Preferred claims)...
General claims.. ..k24•173.78
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

.

c

Total payments

c

.

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

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

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
no

or agriculture?

If so, state what industry or type of agriculture

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

Date of organization

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

Ye8

If so, give dates and amounts of all assessments

since closing, collected 12,047.50.
notes and cash.


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

100%

50:0 assesment before closing, paid in

•

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

32

O National bank
Name of State

[3 State bank

Orec;on

0 Trust company
O Stock savings bank
• Mutual savings bank

O Private bank

•
1. Name of bankBank of ;ialdport

2. Date organized

Oct.

3. Federal reserve district

Town or City

Wald-IDort

26, 1920
— 'Jute suspendec0ri1 26, 1924population of town or city*

12

Member or nonmember of F R System

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

•

none

Outside city of parent bank**

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

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


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

County

none

no

Lincoln

181

no

6. Condition figures, as of (date*)

pri1 26, 1924

Loans and discounts:
On real estate
Other
Total loans and discounts

$

57,100.77

Real estate acquired in satisfaction of debts
Investments

15,955.95

All other resources

17)314.80
90 $371.52

Total resources

151000.00

Capital

1,344.59

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

531443.17
5,979.37
$

Total deposits

63,422.54

Borrowings from F. R. bank
14,604.39

Borrowings from other banks
All other liabilities

371.52
90)

Total liabilities

7. Has this bank been reopened?

no

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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 payments
to claims allowed

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

____

___

•10. Has this bank been finally liquidated? yes
give:
If so o
oi •
Date liquidation was completed Dec. 11 1925
Collections:
From liquidation of assets

$ 34*621.30

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

Offsets to claims (loans paid, etc.)

13,5E33.59

Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims)

2000.01

Dividends paid from
collections

_ 2000.00

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

100

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


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

45,381.05 ______293137_.12____
•

68.6

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
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)

Too snall volume

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

no

If so, state'what industry or type of agriculture

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

"Date of organization

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended? yes
bank closed 100%


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

If so, give dates and amounts of all assessments

After

•

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

3

O National bank

g]

Name of State

State bank

El Trust company
O Stock savings bank
O

Mutual savings bank

Oregon

Ej Private bank

•
1. Name of bank Farmers Bank of Weston

2. Date organized Oct. 7,1891

3. Federal reserve district

Town or City Weston

Date suspended Nov. 101 1930Population of town or city*

12

Member or nonmember of F. R System_

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

O

none

Outside city of parent bank**

none

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

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


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

County

no

Umatilla

595
no

6. Condition figures, as of (date*)

Nov. 10, 1930

Loans and discounts:
On real estate
Other
120,672.34

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

110257.66
18,712.48

311.?A 5—

All other resources

9,671.84
160,314.32

Total resources
Capital

30,000

719.68

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

69,910.62

Time deposits, including postal savings

51,184.02
$

Total deposits

121,094.64

Borrowings from F. R. bank
Borrowings from other banks

8,500.00

All other liabilities
160,314.32

Total liabilities
7. Has this bank been reopened? no

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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

Secured claims. ...

Osee below,

none

Preferred claims.

0

none

General claims..0

none

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

o

(

Total claims.

Period for receiving claims not yet expired, total not determined.
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

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

claims

Preferred claims
General claims
Total claims


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

_

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

.Primary
cause

Contributing
cause

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

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 growers

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

Spring 1928

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

•

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
• State bank

Name of State

0 Trust company
O Stock savings bank
O

Mutual savings bank

Or

on

O Private bank

1. Name of bank Nohalem Valley Bank

2. Date organized Sept

3. Federal reserve district

28, 1909Date suspended()ct

12

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

Town or City

-jlic e1or

County '251 er;ook

2, 1921 population of town or city* 300 ?

Member or nonmember of F. R. Systema°

none

Outside city of parent bank** none

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

* Latest census figures or estimate as shown in bankers' directory.
'
*1 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

no

Oct. 25, 1921

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

$ 106
'
910,62

Total loans and discounts

300.00

Real estate acquired in satisfaction of debts
Investments

2—

68,210.84
15'671.30

All other resources

191,092.80

Total resources

20,000.00

Capital
Surplus and undivided profits

Capital impaired

4,028.37-

Deposits:
$ 1,978.18

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

'75,358.27
261815.27
$ 1041151.72

Total deposits
Borrowings from F. R. bank

none

Borrowings from other banks

69 #390,14

All other liabilities
191,092.80

Total liabilities

7. Has this bank been reopened?

n°

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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

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

nO

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
no

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
-Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

—

1410 10. Has this bank been finally liquidated? Yee
If so give:
.a.ug. 25, 1925
Date liquidation was completed
Collections:
From liquidation of assets

$

56,016.40
none

From assessments on shareholders
Other collections (explain)

56,016.40

Total collections

10,961.57

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...,none .
Preferred claims

none

General claims. . . . 99 $858.60
.
Total claims


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

50 p333.03

— —

SO.40
50,333.03

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

Primary
cause

Contributing
cause

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

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
no

or agriculture?

If so, state what industry or type of agriculture

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

Date of organization.

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

no

If so, give dates and amounts of all assessments

so

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

15

O National bank
Name of State

gi State bank
O Trust company
• Stock savings bank
O Mutual savings bank

Permylmta

O Private bank

The Citizens' Bank of Albion Town or City
1. Name of bank__

County

2. Date organized Oct. 8, 1909 Date suspended Oct.10, 1923 Population of town or city*

3. Federal reserve district

Fourth

None
None

Outside city of parent bank**

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

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


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

2,500

Member or nonmember of F. R. System_lion—sneinber

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

•

Erie

No

September 29, 1923

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

59,422.33

On real estate

301,896.81

Other
Total loans and discounts

$

361,319.14

Real estate acquired in satisfaction of debts
Investments

36,016.04

All other resources

81,667.82

•

479,003.00_

Total resources
Capital

50,000.00

Surplus and undivided profits

28,373.77

Deposits:
$

Due to banks**

3,670.25

Demand deposits, including U. S. Govt. deposits

138,314.47

Time deposits, including postal savings

231,554.51
$

Total deposits

373,539.23

•

Borrowings from F. R. bank
27,000.00

Borrowings from other banks

90.00

All other liabilities

479,003.00

Total liabilities
7. Has this bank been reopened?

No

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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

•

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

No

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
51,935.82

Preferred claims

100•

General claims
52,642.29

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

No

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. . . .

Yes
If so give:
10. Has this bank been finally liquidated?
September
11, 1925
Date liquidation was completed
Collections:
$ 256 p 854.58

From liquidation of assets

44,638.83

From assessments on shareholders
Other collections (explain)...IK1t.e.re

11Q ceipt

etc. 65,881.59
367,375.00

Total collections
$

Offsets to claims (loans paid, etc.)

12,531.19

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.. .
G eneral claims. . .
Total claims. . . .


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

415 532.37

363,590.60

...

87i

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

Primary
cause

Contributing
cause

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

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

•

or agriculture)
If so, state what industry or type of agriculture

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

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


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

Yes

If so, give dates and amounts of all assessments

after the bank closed
ihere j,.vag an asvss ment made on all stockholders
in the amount of lOul,

•

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
111

National bank

Ei State bank

d

Trust company

LI Stock savings bank
fl Mutual savings bank
11] Private bank

•
Town or City 2

1. Name of ban

2. Date organized

o. Date suspende

3. Federal reserve district

.3,0 Population of town or city*

Member or nonmember of F. R. Syste

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

Outside city of parent bank**

--/ffPrte/

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

vt,?J

2 76

6. Condition figures, as of (date*)

eolv 3 a, /

a (144
,
6 ca&ASt,-2,&10;

./t)

Loans and discounts:
On real estate

$

2-06", 5‘1.3 • 93

/ 2 2. .3 9,39

Other
Total loans and discounts

$ 312. f,2-. ,3

Real estate acquired in satisfaction of debts

V, a 0 s. /;—

Investments

/4?. /6,r. /3

All other resources

/76. /60P, fy
2S6. 22.4.,
7%a

Total resources

/2.6. a'aa•ao

Capital

744. sYs.39'

Surplus and undivided profits
Deposits:
$

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

39
/6/. 02.9.

.353. 9.2-1 77

Tune deposits, including postal savings

$ 5/6.

Total deposits

— 0-

Borrowings from F. R. bank

dla• DO a• a a

Borrowings from other banks
All other liabilities

2.3.14

Total liabilities

2$'. 2.2.4.
'
40
ar.,
.4-,.i ,2-e-‘ary74,c
,
444,,J

o'zj
a411,(fri,

7. IIas this bank been reopened?

p?

X

If so give:

"1~w .4..eJ-6.,,i,
(I/2& /v-'.1 ''''

del,--4/

44,-.4-il ,ar 6,, er 9a• 57z.•

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

c—z_J

If so give:

8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

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

9. Is this bank still in process of liquidation?

Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. ..
.....-7,e .........,
..-,

Preferred claims..

,,,,,,

General claims. ...
Total claims. . .

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

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to 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
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
.A.

of deposits

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

404-‘41,(42441.44,t)Ww./
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

411

,e4/

If so, state what industry or type of agriculture

4,6

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

7,o4a

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

LI
LI
EJ
LI
LI
LI

National bank
Name of State

State bank
Trust company
Stock savings bank
Mutual savings bank

Pennsylvania

Private bank

•
1. Name of ban

Carnegie Trust Company

Town or City

2. Date organized Feb.18, 1901 Date suspended Apr•27

3. Federal reserve district

Fourth

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

•

Carnegie

1925 Population of town or city*

Member or nonmember of F R System

11,500

Non—member

None

Outside city of parent bank**

None

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

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


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

County Allegheny

No

6. Condition figures, as of (date*)

April 9, 1925

Loans and discounts:
$

On real estate

279,208.73
2,907,108.37

Other

$

Total loans and discounts

5,186,317.10
2,383.43

Real estate acquired in satisfaction of debts

1,314,525.22

Investments

461,328.40

All other resources

4,964,552.15

Total resources
Capital

225,000.00

Surplus and undivided profits

503,019.29

Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits

2,550,294.71

Time deposits, including postal savings

1,514,555.68

39,524.26

$ 4,104,374.55

Total deposits
Borrowings from F. R. bank

150,825.92

Borrowings from other banks

1,332.39

All other liabilities

4,964,552.15

Total liabilities

7. Has this bank been reopened?

No

If so give:

Date of reopening
Name tinder 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?

No

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

•••11,

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

695,119.43

18%

Secured claims
695,119.43

3,856,456.17

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

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

_

—

—

—

—

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
,
r
Defalcation

13mbAzz1emmit

Heavy withdrawals of deposits
Failure of affiliated institution (Name).

. 11.a,tiPAE0-. P.841S.2..
Carnegie,

Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify) Utter stagnation in bituminous coal
business in Western Pennsylvania

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

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

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


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

No

If so, give dates and amounts of all assessments

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
[j] National bank

Name of State

LI State bank
ai Trust company
0 Stock savings bank
0 Mutual savings bank
0 Private bank

•
Town or City

1. Name of ban (./.

2. Date organize

/ 00 Date suspendes

- iy3 a

• County

Population of town or city*

f
Member or nonmember of F. R. Syste

3. Federal reserve district

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

Outside city of parent bank**

S

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

ALI

/

/3

6. Condition figures, as of (date*)

(lee/1

)
,
e;041
C-4/4/1/1L-ot't/t/14;i'V.Al71..e.44#344

Loans and discounts:
$

On real estate

z.& 9.5,6i/
/3.

Other

$ /. 94e2. 779.53

Total loans and discounts

/9.

Real estate acquired in satisfaction of debts

7

4'45.2.43. ,Pa

Investments
/.

All other resources

3/3. 67

k.3. 691 97/. 37

Total resources

og. ao

Capital

250.

Surplus and undivided profits

/Fa. 999. 4/1z

Deposits:
$

Due to banks**

/6/. ?if

Demand deposits, including U. S. Govt. deposits

2.. /6-.2. / 76; 6-6

Tune deposits, including postal savings

$ 2.979. 9•7a. 517

Total deposits
Borrowings from F. R. bank

/SO. 36, . o a

Borrowings from other banks

/7 669. 416.

All other liabilities

.?.6-9/, 77/: a 7

Total liabilities
4(

7. Has this bank been reopened?

•

X

If so give:

,
/14e.A-6.1.4.4a7/ erti

.;t4.,.44,6

da

.'el

‘i

a.,/,,./,,,,,

(Way)

.46's.4.4, sir z p. ,3 62., 2.1.,

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

•

X

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
or

General claims

4/

Total claims

If so give:

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

(Amounts in dollars)
Claims allowed

Secured

claims

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


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

-1z,„,,,te4i,.) •A4i

1444

ce.r.2-b

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

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

oei,ez.kyw;v,(44(..ei

12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended? -/,3-tzi


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

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

10

National bank
Name of State

[II State bank
O Trust company
O Stock savings bank
0 Mutual savings bank

Pennsylvania

O Private bank

•
1. Name of ban

People's Bank

Town or City

Farrell

County

2. Date organized Nov.12, 1915 Date suspended Jan.17,1929 Population of town or city*

3. Federal reserve district

Fourth

Member or nonmember of F R. System

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

None
None

4111

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

No

Mercer

152000

Non—member

6. Condition figures, as of (date*) December 51, 1928
Loans and discounts:
On real estate

54,562.50
430,859.19

Other

485,421.69

Total loans and discounts

16,605.29

Real estate acquired in satisfaction of debts
Investments

150,809.87

All other resources

194,796.47
847,633.32

Total resources
Capital

50,000.00

Surplus and undivided profits

19,401.64

Deposits:
$

Due to banks**

2,749.71

Demand deposits, including U. S. Govt. deposits

248,940.09

Time deposits, including postal savings

520,168.96
$

Total deposits

771,858.76

Borrowings from F. R. bank
Borrowings from other banks
6,372.92

All other liabilities

847,653.32

Total liabilities

7. Has this bank been reopened?

No

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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

No

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:
Secured claims

$

Amount of loss
_
—

Preferred claims
General claims

•11.•

dOM

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

Yes

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

423,355.36

65%

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
647 144.8
_ _

Preferred claims

423 3,55.36

—

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

10. Has this bank been finally liquidated?

If so give:

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

Secured

Dividends paid from
collections

Payments from
guaranty fund

claims

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


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

—

—

_

—

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

Primary
cause

Contributing
cause

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

Director

Other causes, (specify)

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

No

If so, state what industry or type of agriculture

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

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


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

No

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

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

National bank

E2( State bank
O Trust company

EJ Stock savings bank
O

Mutual savings bank

O Private bank

•
1. Name of bank g-e,t/4&/ ga444

2. Date organize

.&.4e,wzion.-19

Date suspende

3. Federal reserve district

Town or City ,
3.-Ize
,
2441-1,--1-0

0 Population of town or city*

Member or nonmember of F. R. Syste

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

Outside city of parent bank** -/,14.11

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

A17

f9Lr,

41
,
41, AI/

z„,,,,,,A/ t /?,3

6. Condition figures, as of (date*

"t/

Loans and discounts:
$

On real estate

4I6. /76. 0ff

27 //3.57

Other

$

Total loans and discounts

//2. 2.,9.

1s. 6,07. 93

Real estate acquired in satisfaction of debts

/2-5% / Tf.ff/

Investments

9/.

All other resources

z99. /2. 7. ,5-6,

Total resources
Capital

26.0a&. a0

Surplus and undivided profits

'712- 5,f',5". a 7

Deposits:
Due to banks**

/33. 9;-

Demand deposits, including U. S. Govt. deposits

//0. 3/7/3

Tune deposits, including postal savings

///, 0,32. 7)—

$

Total deposits

2.2/ 6/3. 7

•

—0

Borrowings from F. R. bank

/.0.00 a. a a

Borrowings from other banks

7>-

All other liabilities

299. /2.7. 56

Total liabilities
r-Pv
.
7. Has this bank been reopened?

X

If so give:

//,.zao•

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

O.

If so give:

8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

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

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. .
Preferred claims

r

General claims
Total claims

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

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to 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
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)
//

a4.41
-1A../

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

•

or agriculture?
If so, state what industry or type of agriculture

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

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended? ,r4wi


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

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

Da State bank
O Trust company
O Stock savings bank
O Mutual savings bank

Pennsylvania

O Private bank

1. Name of bank Farmers' and Mechanics' Bank Town or City

Honesdale

County WaynA

2. Date organized March 721907,Date suspended March 1549271)opulation of town or city*

3. Federal reserve district

Third

lember or nonmember of F. R. System_Non—member

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

None

Outside city of parent bank**

None

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

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


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

8000

No

6. Condition figures, as of (date*)

December 30, 1922

Loans and discounts:
$ 243,569.77

On real estate

369,994.28

Other

$

Total loans and discounts

613,564.05
X

Real estate acquired in satisfaction of debts
Investments

320,776.70

All other resources

146,064.71
1_2_080,405.46

Total resources
Capital

75,000.00

Surplus and undivided profits

73,560.69

Deposits:
$

Due to banks**

4,226.39

Demand deposits, including U. S. Govt. deposits

183,998.65

Time deposits, including postal savings

698,599.73
$

Total deposits

886,624.77

Borrowings from F. R. bank
45,000.00

Borrowings from other banks

220.00

All other liabilities

1,080,405.46

Total liabilities

7. Has this bank been reopened?

No

Date of reopening

X

Name under which reopened

X

Loss to depositors on:

If so give:

Amount of loss

Per cent of loss
to claims

Secured claims

X

X

Preferred claims

X

X

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

S. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over

Yes

If so give:

Farmers & Merchants Bank

August 28, 1923
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
X

Secured claims

X

Preferred claims
General claims
Total
No

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims...

X

X

X

X

X

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

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

X
X

If so give:

Collections:
From liquidation of assets

X

From assessments on shareholders
Other collections (explain)

X

Total collections

X
X

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

Dividends paid from
collections

Payments from
guaranty fund

Total payments

X

X

X

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

X

X

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X

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

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

to

X

If so, state what industry or type of agriculture

X

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

X

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

No

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
LII National bank
• State bank
• Trust company

Name of State

[1] Stock savings bank
• Mutual savings bank

Pennsylvania

• Private bank

•
1. Name of bankThe Agricultural Timat_Co_P_mt

2. Date organized Nov.24,1915

3. Federal reserve district

1r

own or City Lancaster

Third

Member or nonmember of F. R. System_Non—member

Outside city of parent bank**

None
None

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

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


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

Lancaster

Date suspended June 24,1921Population of town or city* 70,000

4. Number of branches operated: In city of parent banl-

•

County

No

6. Condition figures, as of (date*) March 29, 1921
Loans and discounts:
On real estate

$ 421,695.06

Other

1,440,805.27
$ 1,862,500.33

Total loans and discounts

X

Real estate acquired in satisfaction of debts
Investments

693,477.97

All other resources

356,847.50

Total resources
2501000.00

Capital

67,398.07

Surplus and undivided profits
Deposits:
$ 16,021.95

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

735,261.24
1,644,144.54
$ 20395,427.73

Total deposits

X

Borrowings from F. R. bank

200,000.00

Borrowings from other banks
All other liabilities

2,912,825.80

Total liabilities

7. Has this bank been reopened?
Date of reopening

Yes

If so give:

June 23, 1922

Name under which reopened The Agricu1tura,1 Trust and Savings Company
Loss to depositors on:

Anzount of loss

Per cent of loss
to claims

Secured claims

None

X

Preferred claims

None

X

General claims

None

X

Total

None

X

* 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

X

8. Has this bank been taken over by another bank?
Name of bank by which taken over

X

Date taken over

X

If so give:

Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims

X

X

General claims
Total
X

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

X

X

claims

Preferred claims...X

X

X

General claims
Total claims. ..

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

X
X

If so give:

Collections:
From liquidation of assets

X

From assessments on shareholders

X

Other collections (explain)

X

Total collections

X
X

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

Dividends paid from
collections

X

X

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

X

X

X

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X

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

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

X

If so, state what industry or type of agriculture
X

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

X

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

No

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
[1] National bank
State bank

LI Trust company
Ej Stock savings bank
r] Mutual savings bank
Private bank

•
1. Name of ban

Li

14

4/1

6

7
a14)

Town or City ilk/

gei-

1

County

aeide41

2. Date organized

2-3 /

3. Federal reserve district

Date suspended/92-9 Population of town or city* If.//

#

Member or nonmember of F. R.

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

Outside city of parent bank**

S

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

•

2-9 662e Ga./"A•Servtel/2-e-ekfre-e:.pvt.)

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

$

On real estate

7. 0 /6-, o
/22. 000. 3

Other

$

Total loans and discounts
Real estate acquired in satisfaction of debts

—

-

/ 74.6,6-• 9

Investments
All other resources
Total resources

62.‘7‘7 7,

6-3

396. /7f.

GP1/43

Capital

60. 000.0

Surplus and undivided profits

/ff. 7 00• o

Deposits:
$ 7

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

,

90. a ea
22.2..

52_

/e6-. 97
$ 3/9.

Total deposits

02.. 33

Borrowings from F. R. bank

—0-

Borrowings from other banks

D

74/
2.576, ,

All other liabilities

‘.3 96. /7

Total liabilities

7. Has this bank been reopened?

a, °a

X

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

If so give:

8. Has this bank been taken over by another bank?
Name of bank by which taken over
2-7, /y30

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

'

Secured claims...
Preferred claims
General claims

,

Total claims

10. Has this bank been finally liquidated?

X

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

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

Primary
cause

Contributing
cause

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

4_

4'44,

L44.

d

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

X

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

cez&A„,....letA

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

•

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
jIJ

National bank
State bank

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

1. Name of banl

Town or City

County
(

/9'9.,

2. D ate organized

r.or

3. Federal reserve district

• Date suspended

.2-

/pe Population of town or city*

Member or nonmember of F. R System

4. Number of branches operated: In city of parent bank__ /fr -i-LEJ

•

Outside city of parent bank**

oviii
A
7

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

6. Condition figures, as of (date*)

-(4/

y/
143e(-44-&

Loans and discounts:
$ 2,367. /2.5. 36

On real estate

/62. ae9. 94"

Other

$

Total loans and discounts

3 1c /35. 3D
6-fo•

Real estate acquired in satisfaction of debts
Investments

///. S'99.

All other resources

/83. 759. /

eat). a77, 0S

Total resources
Capital

6o. ova.a

Surplus and undivided profits

1,
7 4 /79 73

Deposits:
$

Due to banks**

/, 26. 7 77

Demand deposits, including U. S. Govt. deposits

/,,P,

Tune deposits, including postal savings

,
,/e3. /39. ao

1/.

$ 673,o÷V, 2.5

Total deposits
Borrowings from F. R. bank

2.9,e00. 00

Borrowings from other banks

04e'

All other liabilities

100. 077. e"/

Total liabilities
lett•v 4
•.1
7. Has this bank been reopened?
Date of reopening

X

If so give:

/Levi,

47 p.r./
ab4e4/ ti -41444444;1A-4-44-w 444.r&
vt4e4t/.
0.ar4/

Name under which reopened
Loss to depositors on:

Amount of loss

e.
ce.t-t.e4/.
C.. 6.
- •z7. a"2.•
/&J.9,459

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:

X

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

Per cent of payments
to claims allowed

Total payments
#
57. elz 44.9z. 3/

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

/

-'41-e-4e44-411 f,

./6.X44,..1.J

he

•

a2,./t1

.fri.e4e,144A-4(r.v
10. Has this bank been finally liquidated?
Date liquidation was completed

A

If so give:

Dele;dAdu

,-

-41/7/4f4

Yoztab
CAZ1,4)

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

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

Primary
cause

Contributing
cause

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

)/

Other causes, (specify)
•

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

a

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

If so, give dates and amounts of all assessments

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

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

National bank
Name of State

ID State bank
Trust company
LI Stock savings bank

D Mutual savings bank

•

Pennsylvania

LI Private bank

1. Name of bank First State Bank of New ChstleTown or City New Castle

County Lawrence

2. Date organized March 12,1920r.
--riate suspended Sept.16,1925 Population of town or city* 5_0,000

3. Federal reserve district

Fourth

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

Member or nonmember of F R. System Non—member

None

Outside city of parent bank**

None

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

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


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

No

6. Condition figures, as of (date*) June 30, 1925
Loans and discounts:
$ 191,998.31

On real estate

158,958.79

Other

$

Total loans and discounts

350,957.10

Real estate acquired in satisfaction of debts
Investments

96,120.00

All other resources

83,505.24
530,582.34

Total resources

100,000.00

Capital

21,240.17

Surplus and undivided profits
Deposits:
$

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

1,006.18
67,785.38
315,543.73

Total deposits

$

384,335.29

Borrowings from F. R. bank
25,000.00

Borrowings from other banks

6.88

All other liabilities

530,582.34

Total liabilities

7. Has this bank been reopened?

No

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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

No

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

WINO

No

9. Is this bank still in process of liquidation?

ONO

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?

Yes

If so give:

October, 1929

Date liquidation was completed
Collections:
From liquidation of assets

From assessments on shareholders
Other collections (explain)
Total collections
411b

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

93%

3Z

9

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

Primary
cause

Contributing
cause

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

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

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

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


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

Yes

If so, give dates and amounts of all assessments
20.00 per share

•

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

111

State bank

12 Trust company
O Stock savings bank
O

Mutual savings bank

O Private bank

•
1. Name of bank

azdf,i,v

2. Date organize

/2.,/

Town or City

d&.Date suspended

3. Federal reserve district

/'/3 D Population of town or city* /' F6-a 964

Member or nonmember of F R. Systetn,./1

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

•

2-

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*),

z

lee4,6 ceeiG10-;44/.

Loans and discounts:
$ /.4z6- 7. /52. 5-7

On real estate

993. /75. 76

Other

/7'50. 32.1, 33

$

Total loans and discounts

/2. 367. 90

Real estate acquired in satisfaction of debts

6,eff.

411

a9

Investments

/, / 96,

All other resources

/. 597. J/744, e
9, 2.6-6. 73t2. 3Y

Total resources

/. 2./f,

Capital

76,7 ed-/5.6

Surplus and undivided profits

Deposits:
$

Due to banks**

3. 7/1. 77

Demand deposits, including U. S. Govt. deposits

„3.6/6. 392./7

Time deposits, including postal savings

Z.• 45-9.6-99. 79
$

Total deposits

9. 6, G
-

Borrowings from F. R. bank

7.3

-

12-.99 o.

Borrowings from other banks

7, 0f2./&

All other liabilities

9. 2-56, 7,3&. 3
en-4-7.4ae

Total liabilities
.0414.41.4..4,6
7. Has this bank been reopened?
Date of reopening

If so give:

.4,1,44/

•

le1,47,-e

c//_

,4e.cci/
40,1 , caezi -ared-f/
V "0"AV,44//le.44.-s€4,,ze ",x,,,
4'237. 677. /1
,
'
/
27 2./6

A

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

If so give:

8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

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

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

_

Secured claims. . .
Preferred claims
..W
f

General claims
.

Total claims

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

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to 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
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)
e.(4-/a4-trz-e;f44/1

2- 2-,

/76o.

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

•

or agriculture?
If so, state what industry or type of agriculture

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

OZZGe-Z444,41/ 2.

I

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

-./f724b.

If so, give dates and amounts of all assessmentc

•

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

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

National bank

O State bank
12/ Trust company
O Stock savings bank
O

Mutual savings bank

O Private bank

•
1. Name of bank

2a441c/A4/

2. Date organize

,

Date suspended

3. Federal reserve district

Town or City

yz:44,74 county_y.

-,../..Population of town or city* /. 950. 96/

Member or nonmember of F. R. System -7kilf,
2/

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

.

6. Condition figures, as of (date*)

, /93
24

)
(levy& Gedb /n4'4"1 ./ellAugitt,pva-(4'111

Loans and discounts:
$

On real estate

.34‘7.,
716-y?, 2 y

33.'/23. 799. '3i5

Other

$

Total loans and discounts

3 6,/2/. 2Se

Real estate acquired in satisfaction of debts

7 7f

7041: 75"

Investments

//. //a.

All other resources

6. 790,,
./47. 67

6-27. 71

sae, 94‘0,

Total resources

4‘. 17&. zf'',0a. 00

Capital

.a.536. 2-92, 76

Surplus and undivided profits
Deposits:

$ 2.62g. 9,37 7/

Due to banks**

23.21'/. 052.9.5-

Demand deposits, including U. S. Govt. deposits

,57eb• r/,6 7

Tune deposits, including postal savings

$ 4ziz. /96.,6P6'7. 33

Total deposits

— 0-

Borrowings from F. R. bank

2,300, 000. 00

Borrowings from other banks

2.7/. 0.31

All other liabilities
Total liabilities

6-9

,5-5,.coo. yziza,
,14.4,,44;.44
ante,to4e0t,c9/4.
' ' .t,e.,ceate;f4,/

1

7. Has this bank been reopened?

If so give:

-)tei
444.644444/

,a5 6 6. /
"

. /o,
cafe/

v

e 6/4

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

p,

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

X

If so give:

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

Per cent of loss
to claims

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

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

_

Secured claims.
irl.0'

Preferred claims

4 AL
.."1

d.d.a...0

W
9
"

General claims
Total claims

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

If so give:

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

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

•

or agriculture?
If so, state what industry or type of agriculture

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

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


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

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

O National bank

Name of State

• State bank
O Trust company

O Stock savings bank
O Mutual savings bank
O Private bank

Pennsylvania

•
1. Name of bank Cosmopolitan State Bank

Town or City Philadelphia

County Philadelphia

2. Date organized June 18,1925 Date suspended Feb. 14, 1925population of town or city* 2,008,000

3. Federal reserve district

Third

Member or nonmember of F. R. System Non—member

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

•

Outside city of parent bank**

None

None

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

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


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

No

6. Condition figures, as of (date*)

Dec. 31, 1924

Loans and discounts:
X

On real estate
Other

36,643.50

Total loans and discounts

$

36,643.50

Real estate acquired in satisfaction of debts

X

Investments

X
175,836.78

All other resources

212,480.28

Total resources
Capital

50,000.00

Surplus and undivided profits

18,504.80

Deposits:
75.20

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

41,101.47

Time deposits, including postal savings

71,226.81
112,403.48

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

10,372.00

All other liabilities

21,200.00
212,480.28

Total liabilities

7. Has this bank been reopened?

No

Date of reopening

X

Name under which reopened
Loss to depositors on:
Secured claims

If so give:

X

Amount of loss
X

Per cent of loss
to claims
X

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

No

S. IIas this bank been taken over by another bank?
Name of bank by which taken over

X

Date taken over

X

If so give:

Per cent of loss
to claims
X

Loss to depositors on:
Amount of loss
X

Secured claims
Preferred claims
General claims

X

X

Total

X

X

Yes

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...

X

X

X

General claims. . . .
'

Total claims.

69%

10. Has this bank been finally liquidated?

No

Date liquidation was completed

If so give:
X

Collections:
From liquidation of assets

X

From assessments on shareholders

X

Other collections (explain)

X

Total collections

X
X

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

Secured

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

claims

Preferred claims
General claims.
Total claims.


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

X

X

X

X

X

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

Primary
cause

Contributing
cause

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

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

X

Defalcation
X
Brot& S evens, Bankers

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?

X
X

If so, state what industry or type of agriculture

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

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


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

No

If so, give dates and amounts of all assessments
X

•

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

tr;

O National bank
Name of State

O State bank
O Trust company
O Stock savings bank
O Mutual savings bank

Pennsylvania

O Private bank

•
1. Name of bank Mechanics and merchants Bank Town or City Philadelphia County Philadelphia

2. Date organized April 26$1921Date suspended Feb.13,1923, Population of town or city* 2,008,000

3. Federal reserve district

Third

Member or nonmember of F. R. Systenmember

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

None
None

Outside city of parent bank**

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

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


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

No

6. Condition figures, as of (date*) December 30, 1922
Loans and discounts:
X

On real estate

25,650.00

Other

$

Total loans and discounts

25,650.00

Real estate acquired in satisfaction of debts

X

Investments

X
48,851.55

All other resources

74,481.55

Total resources
Capital

37,664.00
4,069.68

Surplus and undivided profits
Deposits:
X

Due to banks**

413.50

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

25,000.00

Total deposits

$

25,413.50
X

Borrowings from F. R. bank
Borrowings from other banks

2,934.37

All other liabilities

4,400.00
74,481.55

Total liabilities

7. Has this bank been reopened?

No

Date of reopening

X

Name under which reopened

X

Loss to depositors on:

If so give:

Amount of loss

Per cent of loss
to claims

Secured claims

X

X

Preferred claims

X

X

General claims

X

X

Total

X

X

* 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

No

8. Has this bank been taken over by another bank?
Name of bank by which taken over

X

Date taken over

X

If so give:

Amount of loss
X

Per cent of loss
to claims
X

Preferred claims

X

X

General claims

X

X

Total'

X

X

Loss to depositors on:
Secured claims

No

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Secured claims. ...
Preferred claims...

X

X

X

X

X

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

11

10. Has this bank been finally liquidated?

Yes

If so give:

Date liquidation was completed
Collections:
X

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

X

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.

Depositors paid in fullL.

General claims. .
Total claims. ...


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

100%

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
This bank was only open for business a few days.

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

•

X

If so, state what industry or type of agriculture
X

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

X

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

No

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

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

• State bank
O Trust company
O Stock savings bank
O

Mutual savings bank

Pennsylvania

O Private bank

•
1. Name of bank South Bro_ad Street Trust
Company
2. Date organized Feb.13 1920

3. Federal reserve district

Date suspended June 2,1921

Third

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

•

Town or City Philadelphia, County Philadelphia.

Population of town or city* 2,008,000

Member or nonmember of F. R. System Non—member

None

Outside city of parent bank**

None

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

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


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

No

6. Condition figures, as of (date*) March 29, 1921
Loans and discounts:
$ 28,700.00

On real estate
Other

307,027.01
335,727.01

Total loans and discounts
Real estate acquired in satisfaction of debts

29,101.98

Investments

19,747.10

All other resources

64,476.49
449,052.58

Total resources

125,000.00

Capital

14,843.72

Surplus and undivided profits
Deposits:
$

Due to banks**

3,988.58

192,958.24

Demand deposits, including U. S. Govt. deposits

70,282.04

Time deposits, including postal savings

267,208.86

Total deposits

0.0

Borrowings from F. R. bank
Borrowings from other banks

50,000.00

All other liabilities

12,000.00
449,052.58

Total liabilities

7. I-las this bank been reopened?
Date of reopening
Name under which reopened

No

If so give:

X
X
Amount of loss

Loss to depositors on:

Per cent of loss
to claims

X

X

Preferred claims

X

X

General claims

X

X

Total

X

X

Secured claims

$

* 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

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

No

If so give:

X

Name of bank by which taken over

X

Date taken over

Per cent of loss
to claims
X

Loss to depositors on:
Amount of loss
X

Secured claims
Preferred claims

X

X

General claims

X

X

Total

X
Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Payments from
guaranty fund

Dividends paid from
collections

Total payments

Per cent of payments
to claims allowed

Secured claims. . .
Preferred claims...

X

X

X

General claims. . .
763
_,2

Total claims.. ..

10. Has this bank been finally liquidated?

No

If so give:

X

Date liquidation was completed
Collections:
From liquidation of assets

X

From assessments on shareholders

X

Other collections (explain)
X

Total collections

X

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

Secured

Payments from
guaranty fund

Dividends paid from
collections

claims

Preferred claims
General claims
Total claims.. ..


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

_-

Total payments

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc

X

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

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

•

No

If so, state what industry or type of agriculture
X

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

No

If so, give dates and amounts of all assessments

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

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

[11 State bank
I=1 Trust company

o

Stock savings bank

LI Mutual savings bank
LI Private bank

PP11.40y1Yaz4ft

•
1. Name of bank South Philadelphia State
Bank

Town or City Philadelphia, County Philadelphia.

2. Date organized Dec. 16, 1907Date suspended Sept.621924 Population of town or city* 2/008,000

3. Federal reserve district

Third

Member or nonmember of F. R System Non—member

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

Outside city of parent bank**

None

None

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

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


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

No

6. Condition figures, as of (date*)

June 30, 1924

Loans and discounts:
$

On real estate

163,300.00
413,425.39

Other

$

Total loans and discounts

576,725.39

Real estate acquired in satisfaction of debts

19,710.06

Investments

44,028.98

All other resources

183,904.34
824,368.77

Total resources
Capital

75,000.00

Surplus and undivided profits

29,540.44

Deposits:
$

Due to banks**

8,781.39

Demand deposits, including U. S. Govt. deposits

190,886.64

Time deposits, including postal savings

472,548.18
$

Total deposits

672,216.21
X

Borrowings from F. R. bank

47,612.12

Borrowings from other banks
All other liabilities

824,368.77

Total liabilities

7. has this bank been reopened?

No

Date of reopening

X

Name under which reopened

X

Loss to depositors on:

If so give:

Amount of loss

Per cent of loss
to claims

Secured claims

X

X

Preferred claims

X

X

General claims

X

X

Total

X

X

* 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

No

S. Ilas this bank been taken over by another bank?
Name of bank by which taken over

X

Date taken over

X

If so give:

Per cent of loss
to claims
X

Loss to depositors on:
Amount of loss
X

Secured claims
Preferred claims

X

General claims

X
X

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
60%

Total claims. . ..

10. Has this bank been finally liquidated?

No

If so give:

X

Date liquidation was completed
Collections:
From liquidation of assets

X

From assessments on shareholders

X

Other collections (explain)

X

Total collections

X
X

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.

X

X

X

X

X

General claims.
Total claims.


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

.

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X

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

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

or agriculture?

If so, state what industry or type of agriculture

X

What was the approximate date of the beginning of the difficulty which ultimately caused the suspenNov. 1, 1923

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

10

Yes

If so, give dates and amounts of all assessments

assessment against Stock Holders

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

.4 •1
t

O National bank
Name of State

O State bank
• Trust company
O Stock savings bank
O Mutual savings bank

Pennsylvania

O Private bank

•
1. Name of bank Susquehanna Title and Trust Town or City Philadelphia
Company
2. Date organized April 3011924Date suspended Jan.6,1930

3. Federal reserve district

Third

Population of town or city*

2,008,000

Member or nonmember of F R System Non—member

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

Outside city of parent bank**

One

None

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

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


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

County Philadelphia

No

6. Condition figures, as of (date*)

October 4, 1929

Loans and discounts:
$ 8,000.00

On real estate

399,745.52

Other

$

Total loans and discounts

407,745.52
82,359.80

Real estate acquired in satisfaction of debts
Investments

431,705.00

All other resources

259,908.25

43.81,718_55

Total resources

150,000.00

Capital

27,657.66

Surplus and undivided profits
Deposits:
$

Due to banks**

2,668.05

Demand deposits, including U. S. Govt. deposits

367,508.54

Time deposits, including postal savings

343,242.81
$

Total deposits

X

Borrowings from F. R. bank

275,000.00

Borrowings from other banks

15,641.49

All other liabilities

1,181,718.55

Total liabilities

7. Has this bank been reopened?
Date of reopening

713,419.40

If so give:

X

Name under which reopened

X

Loss to depositors on:

Amount of loss

Per cent of loss
to claims

X

X

Preferred claims

X

X

General claims

X

X

Total

X

X

Secured claims

$

* 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

No

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

If so give:

X

Name of bank by which taken over
Date taken over

Per cent of loss
to claims
X

Loss to depositors on:
Amount of loss
X

Secured claims
Preferred claims
General claims

X

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. . .
E
Preferred claims...N 0 N _
General claims
Total claims. ..
r

110

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

X
X

If so give:

Collections:
From liquidation of assets

X

From assessments on shareholders

X

Other collections.(explain)

X

Total collections

X
X

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

Secured

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

claims

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


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

X

X

X

X

X

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

Primary
cause

Contributing
cause

X

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

X

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

(x

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

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

•

X

If so, state what industry or type of agriculture
X

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

No

If so, give dates and amounts of all assessments

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

12

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

0 State bank
M Trust company
O Stock savings bank
O

Mutual savings bank

Pennsylvania

O Private bank

•
1. Name of bank U. S. Bank and Trust Co.

Town or City Philadelphia

County Philadelphia

2. Date organized Sept.6,1924 Date suspended Dec.24,1929 Population of town or city* 2,008,000

Third
3. FederalreserveNon—ipember
district
Member or nonmember of F. R. System

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

S

None

Outside city of parent bank** None

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

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


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

No

6. Condition figures, as of (date*)

June 29, 1929

Loans and discounts:
$

On real estate

379,733.92
1,660,914.68

Other
Total loans and discounts

$ 2,040,648.60
127,101.53

Real estate acquired in satisfaction of debts
Investments

1,182,054.99
692,916.48

All other resources

4,042,721.60

Total resources
Capital

1,000,000.00
203,363.88

Surplus and undivided profits
Deposits:
$

Due to banks**

13,943.54
889,074.71

Demand deposits, including U. S. Govt. deposits

1 044,910.00

Time deposits, including postal savings

$ 1,947,928.25

Total deposits

X

Borrowings from F. R. bank
Borrowings from other banks

696,500.00

All other liabilities

194,929.47
4,042,721.60

Total liabilities

7. Ilas this bank been reopened?

No

If so give:

Date of reopening

X

Name under which reopened

X

Loss to depositors on:

Amount of loss

Per cent of loss
to claims

X

X

Preferred claims

X

X

General claims

X

X

Total

X

X

Secured claims

$

* 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

No

8. Has this bank been taken over by another bank?
Name of bank by which taken over

X

Date taken over

X

If so give:

Per cent of loss
to claims

Loss to depositors on:
Amount of loss
X

Secured claims
Preferred claims

X

X

General claims

X

X

Total

X

X

9. Is this bank still in process of liquidation?

Yes

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims.. .

N 0N E

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

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

X
X

If so give:

Collections:,
From liquidation of assets

X

From assessments on shareholders

X

Other collections (explain)

X

Total collections

X

Offsets to claims (loans paid, etc.)

• X

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

X

X

X

X

X

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

Primary
cause

Contributing
cause

X

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

X

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

X

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

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

X

If so, state what industry or type of agriculture
X

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

No
X

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

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

National bank
Name of State

O State bank
0 Trust company
• Stock savings bank
O

Mutual savings bank

Pennsylvania

O Private bank

•
1. Name of bank Brotherhood

2. Date organized Feb. 8,1923

3. Federal reserve district

Savings and Trustrown or City
Company

Fourth

Allegheny

650,000

Member or nonmember of F. R System Non—member

Outside city of parent bank**

None
None

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

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


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

County

Date suspended Oct.16,1926 Population of town or city*

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

•

Pittsburgh

No

6. Condition figures, as of (date*)

September 27, 1926

Loans and discounts:
On real estate

132,853.03

Other

333,645.70

Total loans and discounts

$

466,498.73

Real estate acquired in satisfaction of debts

24,723.93

Investments

89,121.22
156,851.95

All other resources

737,195.83

Total resources

161,600.00

Capital

52,613.14

Surplus and undivided profits
Deposits:
4,459.56

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

168,574.43

Time deposits, including postal savings

341,646.44
$

Total deposits

514,680.43

Borrowings from F. R. bank
Borrowings from other banks
8,302.26

All other liabilities

737,195.83

Total liabilities

7. Has this bank been reopened?

No

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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

No

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

If so give:

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

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...

4665984.67

4435612.17

443,612.17

95%

General claims.
Total claims. . . .

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

If so give:

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

0•11.

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

Dividends paid from
collections

Payments from
guaranty fund

General claims.
Total claims. .


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

Per cent of payments
to claims allowed

—

—

.

Secured claims. . . .
Preferred claims

Total payments

_

_

—

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation RoberY of 0125,000 in cash, partially recovered after closing of bank
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

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

•

or agriculture?
If so, state what industry or type of agriculture

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

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


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

Yes

If so, give dates and amounts of all assessments

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

14_

0 National bank
Name of State

0 State bank

E Trust company
O Stock savings bank
O

Pennsylvania

Mutual savings bank

O Private bank

•
(A

NEGRO BANK)

1. Name of bank Modern

Savings & Trust Compayfown or City Pittsburgh

2. Date organized May 20,1920

3. Federal reserve district

Date suspended July

Fourth

1921 Population of town or city*

650,000

Member or nonmember of F R System Nonmember

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

Outside city of parent bank**

None
None

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

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


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

County Allegheny

No

6. Condition figures, as of (date*)

June 30, 1921

Loans and discounts:
$

On real estate

11,437.50
82,237.31

Other
Total loans and discounts

93,674.81

$

5,546.25

Real estate acquired in satisfaction of debts
Investments

89,393.61

All other resources

188,614.67

Total resources

125,000.00

Capital

5,000.00

Surplus and undivided profits
Deposits:
255.32

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

30,744.74

Time deposits, including postal savings

15,589.61
$

Total deposits

46,589.67

Borrowings from F. R. bank
12,000.00

Borrowings from other banks

25.00

All other liabilities

188,614.67

Total liabilities

7. Has this bank been reopened?

No

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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

No

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?

Yes

April

Date liquidation was completed

If so give:
7, 1925

Collections:
From liquidation of assets

$

66,423.36

$

36,858.04

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

58
--t 561.20

58,561.29

100%

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

Primary
cause

Contributing
cause

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

0

Incompetent management, i.e., poor credit judgment,laxity in collections,
lack of enterprise, etc
Defalcatioris
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
No

or agriculture?

If so, state what industry or type of agriculture

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

=MD

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

No

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

0

O National bank
Name of State

O State bank
O Trust company
O Stock savings bank
O

Mutual savings bank

Pennsylvania

O Private bank

•
(A NEGRO BANK)
1. Name of bank The Modern State Bank

Town or City

Pittsburgh

County

2. Date organized Jan. 29, 1924 Date suspended Aug.4, 1928 Population of town or city*

3. Federal reserve district

Fourth

Outside city of parent bank**

None
None

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

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


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

650,000

Member or nonmember of F. R. Systenl_lign_—gemb_er

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

•

Allegheny

No

6. Condition figures, as of (date*)

June 30, 1928

Loans and discounts:
On real estate
Other

87,353.83
87,353.83

Total loans and discounts
Real estate acquired in satisfaction of debts

50.00

Investments

10,097.19

All other resources

97,501.02

Total resources

, 50,000.00

Capital

4,859.69

Surplus and undivided profits
Deposits:
2,404.49

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

16,929.21

Time deposits, including postal savings

23,307.63
42,641.33

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

97,501.02

Total liabilities

7. Has this bank been reopened?

No

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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

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

No

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

M1110

Preferred claims
General claims

.••••

aMID

•••••

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

If so give payments to date:

Yes

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Secured claims. . . .
Preferred claims...

None

318.54
18

—

—

General claims.
. Total claims. .

10. Has this bank been finally liquidated?

No

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
•

From assessments on shareholders
••••

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

OM.

Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

claims

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


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

_

—

—

—

—

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

Primary
cause
Decline in real estate values

Contributing
cause

=MP

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

••••

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

.I•11

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

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

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

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


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

No

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

18

II National bank
D State bank

[2]

Name of State

Trust company

O Stock savings bank
O

Mutual savings bank

Pennsylvania

• Private bank

•
1. Name of bank Pittsburgh Deposit and Title Town or City
Company
2. Date organized Oct.19,1911

3. Federal reserve district

County

Fourth

Member or nonmember of F. R. System Non—member

None

Outside city of parent bank** None

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

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


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

Allegheny

Date suspended Jan.6, 1927 Population of town or city* 650,000

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

•

Pittsburgh

No

6. Condition figures, as of (date*)

December 31, 1926

Loans and discounts:
$ 1,113,864.28

On real estate

4,800.00

Other

$ 1,118,664.28

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

117,391.62

All other resources

236_2055.90

Total resources

1252000.00

Capital

18,383.93

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

1,071,339.89
•

Total deposits

$ 1,071,339.89

Borrowings from F. R. bank
15,000.00

Borrowings from other banks

6,532.08

All other liabilities

1,236,055.90

Total liabilities

7. Has this bank been reopened?

No

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
aria

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

No

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
MI*

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:
May 26, 1950

, Collections:
From liquidation of assets

$

456,082.31

From assessments on shareholders
Other collections (explain) Interest,Rents, Misc.,Receipts

89,926.20
5462008.51

Total collections

56,215.85

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

Secured

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

claims

Preferred claims
General claims. .
Total claims


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

467,461.24

467,461.24

43.8%

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation Forgery of Mortgages and notes by President
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?

•

Mortgages — Real Estate

If so, state what industry or type of agriculture

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

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


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

No

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

LII National bank

E

Name of State

State bank

O Trust company
O Stock savings bank
El

Mutual savings bank

O Private bank

•
,
e) clizi4fal Town or City
1. Name of banyliii14/4/21 cr444A/Ademit
2'avtk
2. Date organize

-i/3 Date suspended

3. Federal reserve district

County --Ce444
,
1-14:A/

-/9 3d. Population of town or city*

Member or nonmember of F. R. Syste

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

Outside city of parent bank**

./fr.
ektei

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

..ra

4,3 3/

ILA

AI

6. Condition figures, as of (date*)

./As14a

2.

3a

.104,tpl/Ati/2-evalv-4-14-1-1/'t)

Loans and discounts:
$

On real estate

.74'3. 6
7

zizs. 361.2-2--

Other

$ 656. 23/.to

Total loans and discounts
Real estate acquired in satisfaction of debts

$6; 7y",

Investments

67. 264', 30
f6 o, 7/

All other resources

/64. /6".r.f3

Total resources
Capital

6-0. a ae.

Surplus and undivided profits

6 y)• .25.3

Deposits:
35.2.6

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

/1/. y2.7.9 7

Tune deposits, including postal savings

17(56. 7 7

Total deposits

$

•

-0 -

Borrowings from F. R. bank

9o.&.00

Borrowings from other banks

b.

All other liabilities

9,6'. 95

IS-I< /1
/457.1'a

Total liabilities
-tP041-44.'
7. Has this bank been reopened?

3e. 73 7 .5.2-

X

If so give:

a44-0-u../

av
1l.to

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

X

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

If so give:

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

Per cent of loss
to claims

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

9. Is this bank still in process of liquidation?

Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Per cent of payments
to claims allowed

Total payments

—
44
.5'F. 721. 6-2

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

.,..1..d.

/

La..

,sAi
co&e.ated/
10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:
0411v

-

32./..5,-

a• o o
-T9•

72. /.

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

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
s of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
-4,06,k444/z,;ki,av

ce,-44

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

•

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

te.4.444;f4441-ea
M-6 di
,

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended? -W
774.11


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

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

Ej National bank
•/ State bank

Li Trust company
El Stock savings bank
O

Mutual savings bank

O Private bank

•
-AO,

1. Name of bank c/10-044/

2. Date organized oazo.

-

2 a.

Date suspended

3. Federal reserve district

Town or City .21iddz141,
1/

-

a, Population of town or city*

Member or nonmember of F. R. Syste

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

Outside city of parent bank**

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

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


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

County Zi/
ne4-r-44/

25.2'

6. Condition figures, as of (date*)

17(
7

1
-e6Ce-416A4-1/1-6
?.`3 (

/

-0-1/"el
t

Loans and discounts:
$

On real estate

/3&. i'Sa• f
4167 a 2 7. 17/.3

Other
Total loans and discounts

$

L.573. 177. .5"/

66.

Real estate acquired in satisfaction of debts

26. 2.e

Investments

64. 3 Off". 9/
237. fe"0,00

All other resources

r

92.4. 2.7/,

Total resources

2,a 0, a aa,aa

Capital

6a • rat oc'z

Surplus and undivided profits
Deposits:
$

Due to banks**

6-//, 52.

Demand deposits, including U. S. Govt. deposits

2'7'2- /6e. 7/

Tune deposits, including postal savings

312.. 960.'0

Total deposits
—

Borrowings from F. R. bank
Borrowings from other banks

/a. 00,0.0a

All other liabilities

/127.2-/
9z1
,
.Z

Total liabilities

7. Has this bank been reopened?

•

—

Or

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

•

If so give:

8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over

Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

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

Claims allowed

Secured

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

claims
e

Preferred claims

e.

.04.A.

11\

1(

1

General claims
Total claims

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

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to 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

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

Primary
cause

Contributing
cause

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

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

•

or agriculture?
If so, state what industry or type of agriculture

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

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


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

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

11

0 National bank
Name of State

0 State bank
• Trust company
O Stock savings bank
O

Mutual savings bank

Pennsylvania

O Private bank

•
L Nuneofbank Citizens Title and Trust
Company

Town or City

2. Date organized July 12 1901 Date suspended July 10

3. Federal reserve district

Fourth

1929Population of town or city* 20,000

None

Outside city of parent bank**

5. \Vas this bank a member of a chain or group? If so give the name of the chain or group
No
* 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 Fayette

Member or nonmember of F. R. System

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

•

Uniontown

Non—member

6. Condition figures, as of (date*)

June 29, 1929

Loans and discounts:
On real estate

$ 146,130.25

Other

1,400,421.15

Total loans and discounts

1,546,551.40
70,492.32

Real estate acquired in satisfaction of debts
Investments

1,969,515.93

All other resources

1,466,252.17
5,052,811.82

Total resources
Capital

150,000.00

Surplus and undivided profits

357,700.62

Deposits:
$

Due to banks**

25,254.89

Demand deposits, including U. S. Govt. deposits

1,169,487.45

Time deposits, including postal savings

2,664,706.36
$ 3,859,448.70

Total deposits
Borrowings from F. R. bank

616,100.00

Borrowings from other banks

69,h62.50

All other liabilities

5,052,811.82

Total liabilities
7. Has this bank been reopened?

No

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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

No

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

If so give:

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

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
30%

Preferred claims
General claims. ...

30%

Total claims. . .

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

No

If so give:

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

Secured

Dividends paid from
collections

Payments from
guaranty fund

Total payments

—

—

Per cent of payments
to claims allowed

claims

Preferred claims
General claims. . . .
Total claims


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

—

—

—

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Slow run caused by Vice President of this Company.
Also being Vice President of a National Bank which
failed.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so, state what industry or type of agriculture

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

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


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

No

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

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

EN State bank

o

Trust company

O Stock savings bank
O Mutual savings bank
O Private bank

1. Name of

City Bank

Pennsylvania

of

Pe

hrn anisfown or City

York

York

County

2. Date organized July 11,1887 Date suspendedopulation of town or city*_62,000

3. Federal reserve district

Third

Member or nonmember of F. R System

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

Outside city of parent bank**

None
None

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

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


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

Non—membar

No

6. Condition figures, as of (date)

December 30, 1922

Loans and discounts:
On real estate

$ 300,749.76

Other

3,041,712.96
$

Total loans and discounts

3,342,462.72
X

Real estate acquired in satisfaction of debts
Investments

425,505.26

All other resources

726,788.55
4,494,756.51

Total resources
Capital

250,000.0_0

Surplus and undivided profits

272,218.66

Deposits:
$

Due to banks**

55,979.73

Demand deposits, including U. S. Govt. deposits

1,844,064.84

Time deposits, including postal savings

2,069,993.28
3,950,037.85-

Total deposits

X

Borrowings from F. R. bank
Borrowings from other banks

10,000.00

All other liabilities

12,500.00
4,494,756.51

Total liabilities

7. Has this bank been reopened?
Date of reopening

Yee

If so give:

Jan. 3, 1924

Name under which reopened Citizens' Savings and Trust Company of York, Pennsylvania
Loss to depositors on:

Amount of loss

Secured claims

X

Preferred claims

X

General claim's

X

Total

Per cent of loss
to claims

15%

* 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

X

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

If so give:

X

Name of bank by which taken over

X

Date taken over

Per cent of loss
to claims
X

Loss to depositors on:
Amount of loss
X

Secured claims
Preferred claims

X

X

General claims

X

X

Total

X

X

No

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

X

X

Per cent of payments
to claims allowed

claims

Preferred claims...

X

X

X

General claims.. .
_ Total claims. . . .

10. Has this bank been finally liquidated?

X

If so give:

Date liquidation was completed
Collections:
From liquidation of ssets

X

From assessments on shareholders

X

Other collections (explain)
X

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

Secured

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

X

x

X

claims

Preferred claims...
General claims.
Total claims


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

X

X

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X

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

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

•

X

If so, state what industry or type of agriculture

X

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

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

X

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used,for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

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

0 "tate bank

E
L / Trust company
O Stock savings bank
O Mutual savings bank
O Private bank

•
1. Name of ban

2. Date organize

Town or City

JPopulation of town or city*

ate suspended

3. Federal reserve district

County

Member or nonmember of F R System

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

Outside city of parent bank**

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

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


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

7.

-0

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

'71-161-172, (0
$-3„Pt3

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

3a 7<7i,/

/)‹

Investments
All other resources
Total resources
Capital
Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits

7.,s---//.0 07

v)-6

Time deposits, including postal savings

/(53t.

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

8.5'

All other liabilities
Total liabilities

7. 1-Jas this bank been reopene
Date of reopening

If so give:
/

21.

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

If so give:

8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

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

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

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

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

If so give:

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

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry •
or agriculture'
If so, state what industry or type of agriculture

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

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


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

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
ID 'tate bank
pp/ Trust company
• Stock savings bank
• Mutual savings bank
▪ Private bank

5
/
C
Lzis&lt
Town or City
County

1. Name of bank

‘
44
2. Date organized 14

/V'iDate suspended

3. Federal reserve district

/7/r7rsPopulation of town or city*
Member oror 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

eeta
6. Condition figures, as of (date*)

3

771)
4-/

Loans and discounts:
$

On real estate

W,3767/7./

Other

$

Total loans and discounts

/-/

Real estate acquired in satisfaction of debts

0-0
3.01C 00

Investments
All other resources

7/

_IFe5-,

Total resources

5:

Capital

30./a6-,-.07

Surplus and undivided profits
Deposits:
$

Due to banks**

7,411,77

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

FO,/03, /

Total deposits

•

Borrowings from F. R. bank
Borrowings from other banks

“-0

All other liabilities
/fic:

Total liabilities

7. Has this bank been reopened?

2/ 0

If so give:

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

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


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
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:
ounts in dollars)

Dividends paid from
collections

Claims allowed

Payments from
guaranty fund

Total payments

j

.

Secured claims. .

A
d
..k.........

Preferred claims.
...

General claims. . . .

/

o'

lir 1—.iv

Per cent of payments
to claims allowed

_0 /
,

..., ,

,
-

Total claims.

111

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

If so give:

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

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


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

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

Primary
cause

Contributing
cause

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

•

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

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

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


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

If so, give dates and amounts of all assessments

•

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