The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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Federal Reserve Bank of St. Louis
421.11-6 - Bank Suspensions Since Jan 1 1921
Nonmember State Banks South Dakota A-b
Committee on Branch Groui & Chain Banking
i
-
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
er)
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
uti
State bank
Name of State
South Dakota
O Trust company
304
O Stock savings bank
.
a
O
Mutual savings bank
O Private bank
,,Trust Company
Aberdeen
1. Name of bankatown___Bras___StateBank._&L` Town or City
"ar 1,
Date suspended 1927
2. Date organized 1908
3. Federal reserve district
9th
County T3rovrn
Population of town or city* 15,000.
Member or nonmember of F. R. System Non-member
4. Number of branches operated: In city of parent bank____LiOne
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
No
6. Condition figures, as of (date*) of suspension
Loans and discounts:
$ 32,350.00
On real estate
123,579.75
Other
$ 155,229 _ 75
Total loans and discounts
Real estate acquired in satisfaction of debts
14,461_68
Investments
16,217.54
All other resources
25,627.02
Total resources
25,D0000
Capital
2,803.57
Surplus and undivided profits
Deposits:
$
Due to banks**
7,301 91
Demand deposits, including Ti. S. Govt. deposits
83,260.41
Time deposits, including postal savings
R2,R13.59
$ 173,375.aa___
Total deposits
Borrowings from F. R. bank
10,000_00
Borrowings from other banks
1,056.52
All other liabilities
212,2,3.5 99
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:
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?
Claims allowed
If so give payments to date:
Ye a
(Amounts in dollars)
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
None
10,000.00
100%
Nonp
1,056.52
100%
None
General claims. . .. 174,329.51, _184363:42_
None
(Total claims. . .. 185,3E ._0_:: _ 0 19.4
l
Includes 1953.66 Int. not in 46
NO
If so give:
10. Has this bank been finally liquidated?
Date liquidation was completed
634g
1:843-
10%
29,419.94
16%
Total payments
Per cent of payments
to claims allowed
Secured claims. . ..
Preferred claims...
10,000.00
10,000.00
0 _ ...
a.
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
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
•
X agricultural
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
Defalcation
wing to general dvpres
sion.
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
agriculture and stockraising
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
April 1, 1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Yes,a
ft tz
rsuemsj.(:?1
,
Stonkholderst Liability:
givedates and amounts of all assessments
.
000 00
12-31-27, $10,000.00:7-31-28,$1,
Dtrectorsi Liability: 12-21-2945,000.00', 1-16-30,$250.00.
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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
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
South Dakota
E State bank
O Trust company
a
O Stock savings bank
El Mutual savings bank
0 Private bank
1. Name of bank Citizens State Bank
2. Date organized
1919
3. Federal reserve district
Date suspended
Town or City
May 12
1925
Agar
Population of town or city*
9
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.
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Federal Reserve Bank of St. Louis
County
Sully
200
Non—member
6. Condition figures, as of (date*)
of suspension
Loans and discounts:'
On real estate
47,.293.35
.Other
$ 4-7,293.35
Total loans and discounts
Real estate acquired in satisfaction of debts
6,15E_ 56
Investments
All other resources
66,637.22
Total resources
15,000.00
Capital
Surplus and undivided profits
3,02_3.67
Deposits:
522.31
Due to banks**
Demand deposits, including U. S. Govt. deposit
19,835.45
Time deposits, including postal savings
11,128.34
$ 21,486_10
Total deposits
Borrowings from F. R. bank
17,000,00
Borrowings from other banks
•
127.45
All other liabilities
2
66,637.2
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
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
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
17,000.00
17,000.00
None
Preierred claims...1,159.08
1,159.08
None
3 .f
0
27,910.75
None
-.)",216--.-10
46,069.83
Secured claims. . . .
General claims.. .
Total claims. ..
10. Has this bank been finally liquidated?
Date liquidation was completed
No
None
Total payments
Per cent of payments
to claims allowed
17,000.00
100%
11 159.03
100%
....
27,910.75
46,069.83
Kg (
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.
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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
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Fgilpre 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?
Yns_
If so, state what industry or type of agriculture
Small
rain farmin
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
0
bank suspended? After emnencion If so, give dates and amounts of all assessments
Stochholders have paid. stockholders liability to the extent of $3,000.00
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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
•
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
O State bank
Name of State
South Dakota
O Trust company
•
O Stock savings bank
O
2.14
Mutual savings bank
O Private bank
Albee State Bank
1. Name of bank__
2. Date organized
1906
3. Federal reserve district
Date suspended
9
Town or City • Albee
Oct 21
1925
County
Population of town or city* 125
Member or nonmember of F. R. System_N°11.—member
4. Number of branches operated: In city of parent bank_aorte
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
Grant
No
of suspension
6. Condition figures, as of (date*)
Loans and discounts:
$ 22532:25
On real estate
45;369:75
Other
$ 67,902.00
Total loans and discounts
Real estate acquired in satisfaction of debts
8,416 15
Investments
5,850.00
All other resources
2R ,673_
110,841.70
Total resources
10 .000_ 00
Capital
Surplus and undivided profits
6,492 32
Deposits:
$
Due to banks**
6,278.40
Demand deposits, including U. S. Govt. deposits
25,557.27
Time deposits, including postal savings
62,178.08
$ 94,013.75
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
335.63
All other liabilities
Total liabilities
7. Has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
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Federal Reserve Bank of St. Louis
8. Has this bank been taken over by another bank?
If so give:
70
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
_
Secured claims.. . .
_None
None
724.21
124.21
General claims. ... 95,552.45
None
__
22,456.56
Preferred claims.. .
Total claims. . . . 96,276.66
None
23,180_07
10. Has this bank been finally liquidated?
NO
None
None
None
724.21
None
100%
22,456.56
;_n3A,5"
23,180.77
EP- 4, /
--t
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
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Big. Storm .City..Sate Bank
Failure of correspondent (Name) .Big .StPAQ
.
.StAte.
X
X
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
Grain and Livestock
What was the approximate date of the beginning of the difficulty which ultimately caused the suspen1919
sion?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Yes
Dec. 15, 1922-100%
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Federal Reserve Bank of St. Louis
If so, give dates and amounts of all assessments
Jan 5, 1925-50%
and after suspension 10C4
•
;
2
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.
46
Type of bank reported—check
appropriate one of the following
LI National bank
in State bank
Name of State
South Dakota
LI Trust company
[11 Stock savings bank
O
IE] Mutual savings bank
El Private bank
1. Name of bank___S Late Ban]," of Alce-,
2. Date organized
1919
3. Federal reserve district
Date suspended
Town or City
A11 16
192
3
A le A StPr
Population of town or city*
600
Member or nonmember of F. R. System Non—member
9
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.
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Federal Reserve Bank of St. Louis
County Union
No
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
On real estate
23,309,_64.
Other
181,Z99.15
Total loans and discounts
$ 204,708,79
Real estate acquired in satisfaction of debts
22,519 q3
(,>4
Investments
31,366 85
All other resources
26
Total resources
_285,23.19
Capital
Surplus and undivided profits
—21-y6-89.15
Deposits:
1,568.76
Due to banks**
79,418.79
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
127,080.87
$ 208,068.42
Total deposits
Borrowings from F. R. bank
23,647.54
Borrowings from other banks
All other liabilities
1,828_ 08
285,23.3.19
Total liabilities
7. Has this bank been reopened?
Date of reopening
ec If so give:
Jar_ 15,1927
Name under which reopened State Ban-er of AlceRter
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
none
none
Preferred claims
none
none
General claims
111,404.23
Total
60%
111,404.23
* 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:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
No
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
Secured claims. ..
Preferred claims
—
General claims. ..
.
Total claims. . .
10. Has this bank been finally liquidated ?Re0r7.inizert 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
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
X
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
•
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
X
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify). po.ar.prices..for.prodacts.r.aisesi
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
yes
If so, state what industry or type of agriculture
Diversified fariiiiiig
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
yes
If so, give dates and amounts of all assessments
100% assessment levied immediately following saspension for the purpose
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
of raising new capital for reorganized bank.
•
6\c
'
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
•
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
E1
National bank
Name of State
South Dakota
E State bank
LI Trust company
130
Stock savings bank
•
fl Mutual savings bank
Private bank
1. Name of bank Citizens State B1223
,
2. Date organized 1919
3. Federal reserve district
Date suspended
9
Alexandria
Town or CityCounty Hanson
Jan 26,
1 224
Population of town or city*
•
Member or nonmember of F. R. System_14.0.11--444mber_
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.
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Federal Reserve Bank of St. Louis
964
No
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
$ 9,500.00
Other
137,349.98
Total loans and discounts
$ 146 ,sza_ 98
( 1 )00 00
) '
Real estate acquired in satisfaction of debts
Investments
7
'
All other resources
35,4_9_7_45
190,961.42
Total resources
Capital
25,000 no
537.61
Surplus and undivided profits
Deposits:
Due to banks**
$
177 88
Demand deposits, including U. S. Govt. deposits
60,173.'73
Time deposits, including postal savings
87,493.19
$ 147,794.80
Total deposits
Borrowings from F. R. bank
17,350.00
Borrowings from other banks
79 01
All other liabilities
190,961.42_
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:.
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims.. . . 17,550.00
17,550-00
None
17,550.00
100%
4,112.00
4,112.00
None
4,112.00
100%
70,199•39
None
70,199.39
91,861.39
None
91,861.39
Preferred claims.
General claims. . .. li<0 3
i
4
/.
Total claims... . /617
73.571.3 4
)
10. Has this bank been finally liquidated?
No
/
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims. . . .
Preferred claims
General claims.
Total claims.
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
X
Failure of affiliated institution (Name)
X
Failure of correspondent (Name)
1st Nat'l Bank
Mitchell, S. Dak.
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
Grain farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Yes
If so, give dates and amounts of all assessments
Stockholders Liability April
1924-$25 000.00
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
•
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
O
National bank
Name of State
South Dakota
O State bank
O Trust company
•
170
O Stock savings bank
p
Mutual savings bank
O Private bank
1. Name of bank_a_aena_s_tate—aank_Town or City
2. Date organized
May 31
Date suspended 1924
1902
3. Federal reserve district
9
Alpena
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
* Latest census 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
Jerauld
600
Non—member
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
$
On real estate
• 3 000_.00
231,700...43
Other
Total loans and discounts
$ 27,4,70
Real estate acquired in satisfaction of debts
\\
43
,000._.00
Investments
10,702.05
All other resources
22,276-76
Total resources
271,6'79.24
Capital
20,000.00
Surplus and undivided profits
11,529_ 59
Deposits:
188.62
Due to banks**
55,576.54
Demand deposits, including U. S. Govt. deposits
146,362.08
Time deposits, including postal savings
Total deposits
$ 202,127.24
Borrowings from F. R. bank
Borrowings from other banks
37,165.
All other liabilities......................................
Total liabilities................................................
7. has this bank been reopened?
NO
857.. OS
2_71_,Eaa.24
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
,lmount 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? No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so giv'e 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
37,165.33
37,165.33
None
37,165.33
100%
Preferred claims. .
1,272.27
1,272.27
None
1,272.27
100%
General claims. . .
6'6 h--7-1,/
105,631.04
None
105,631.04
Total claims
..44.V
9(4
/1 (
144,068.64
None
144.068.64
Secured
claims
10. Has this bank been finally liquidated? No
,cd f 1
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
X
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
•
Insufficient diversification
Incompetent management, i.e., poor ciedit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
X 1st. Na. Sk.
!I & Sioux Fall s
.
t ITr. 8c ay.
Failure of correspondent (Name)
Failure of large debtor (Name)
dverse agricul ture
condition
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? during year 1921
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 of 30% on stockholders on aune 16th. 1923.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2.71
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
48
• National bank
El State bank
Name of State
South Dakota
O Trust company
•
O Stock savings bank
O Mutual savings bank
O Private bank
1. Name of bank Bank of Alnena
2. Date organized
1892
3. Federal reserve district
Date suspended
9
Town or City
Nov 22,
1926
Alpena
Outside city of parent bank**
Jerauld
• 600
Population of town or city*
Member or nonmember of F R. System_
4. Number of branches operated: In city of parent bank_
None
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
County
NO
Non—member
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
On real estate
$
,
898.6d
177,112.,99
Other
$ 178,011 59
Total loans and discounts
\ 19,800 00
Real estate acquired in satisfaction of debts
Investments
1 ,082.55
All other resources
26,272.90
_237,167.04
Total resources
Capital
25,000.00
Surplus and undivided profits
16,379.49
Deposits:
31.80
Due to banks**
Demand deposits, including U:S. Govt. deposits
86,486.94
Time deposits, including postal savings
92,898.88
$ 179,417.62
Total deposits
Borrowings from F. R. bank
14,900.00
Borrowings from other banks
1,469.93
All other liabilities
237,168.04
Total liabilities
7. Has this bank been reopened?
If so give:
Ys
Date of reopening Feb. 15, 1927
Name under which reopened
Bank of Alpena
Amount of loss
Per cent of loss
to claims
none
none
Preferred claims
nonA
liana
General claims
74,099.22
Loss to depositors on:
Secured claims
$
50%
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
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?
No
If so give payments to date:
(Amounts in dollars)
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? Reorganizeli 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
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
•
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
X
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)..poar .prices. for. p.rodu.e.ts. raised.
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
yes
If so, state what industry or type of agriculture
Diversified farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
yes
If so, give dates and amounts of all assessments
100% assessment levied immediately following suspension for the Purpose
of raising new capital for reorganized bank.
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
• National bank
Name of State
Eci State bank
▪
•
Trust company
South Dakota
LI Stock savings bank
309
LI Mutual savings bank
O Private bank
1. Name of bank
2. Date organized
Altamont State Bank
1906
3. Federal reserve district
9
Date suspended
Town or City
Mar 28
1929
Al tqmant
Population of town or city* 11
Member or nonmember of F. R. System Nnn—mP.Mbar.-
4. Number of branches operated: In city of parent bank__
Outside city of parent bank**
Non
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 Deuel
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
$
On real estate
4,870.00
54 143.56
Other
$ 59,013.56
Total loans and discounts
2 ,
548 OR
Real estate acquired in satisfaction of debts
Investments
16,738.95
All other resources
18,538.64
Total resources
15,000.00
Capital
Surplus and undivided profits
6,182_ 13
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
33 24234
, .
Time deposits, including postal savings
62,937.61
Total deposits
$ 96,179.95
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
477 15
Total liabilities
7. Has this bank been reopened?
117,839.23
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:
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
Per cent of payments
to claims allowed
—
None
Secured claims. . . .
Preferred claims..
__
None
_
General claims. . .
98,285.6
30,653.12
Total claims. .. .
Total
98,285.63
30,653.12
10. Has this bank been finally liquidated?
No
__None
None _
3O,65.1?
30 653.1.
3/.'
1.
,
.
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
Decline in real estate values
Yes
Contributing
cause
Inflation
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
Yes
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 Agriculture
If so, state what industry or type of agriculture
Farmers
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension ?
1920
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended? after 100
1929
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
fl National bank
Name of State
Tiouth Dakota
El] State bank
O Trust company
•
O Stock savings bank
O
Mutual savings bank
O Private bank
1. Name of bank_ Citizens State Bank
2. Date organized
Aug 2
1926
Date suspended
1902
3. Federal reserve district
Town or City
9
Anc.ov r
Population of town or city*
Member or nonmember of F. R. System
4. Number of branches operated: In city of parent bank
NnnP
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 DV
No
450
Non—member
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
On real estate
$
9,350..00
277,345.19
Other
Total loans and discounts
$
Real estate acquired in satisfaction of debts
285 ;6-9-5-.19
(1), 04 1 R
nn.00
Investments
2n 79_37 50
All other resources
22,261,28
3 1R ,093 97
Total resources
Capital
2,(Y)0 O0
Surplus and undivided profits
11,20Z-49
Deposits:
34.05
Due to banks**
64,381.47
Demand deposits, including U. S. Govt. deposits
227,732.73
Time deposits, including postal savings
$
Total deposits
292,148 25
Borrowings from F. R. bank
18,035.00
Borrowings from other banks
1,
704.23
All other liabilities
Total liabilities
7. Has this bank been reopened?
Date of reopening
,14141 :
: 3,9,
19
Yes
If so give:
_Nov- 11,1:126
Name under which reopened Citizens State Bank
Loss to depositors on:
Andover
Amount of loss
Per cent of loss
to claims
Secured claims
none
none
Preferred claims
none
none
General claims
Total
224,645.88
85%
224,645.88
* 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:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
No
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
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?Re or
nizert SO
give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Secured claims
Preferred claims
General claims. . . .
Total claims. . .
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
•
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)
poor prices for products rdsed
X
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
Diversified. fe ming
•
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
yes
If so, give dates and amounts of all assessments
100% assessment levied immediately following suspension for the purpose
of raising new capital—tQr_reorganized bank.
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
O
National bank
Name of State
Ei State bank
South Dal:ota.
1(
-
0 Trust company
•
O Stock savings bank
O
Mutual savings bank
O Private bank
1. Name of bank State Bank of Andover
2. Date organized
1908
Date suspended
Town or City
Nov 23,
.
l92
Andover
Day
Population of town or city*M_
Non—member
Member or nonmember of F. R. System_
9
3. Federal reserve district
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
County
14°
6. Condition figures, as of (date*)
of susmion
Loans and discounts:
On real estate
1,355,00—
Other
102,989.19
$ 104,344.19
Total loans and discounts
500.03
Real estate acquired in satisfaction of debts
Investments
9,736 34
13,767.70
All other resources
128 ,348.73
Total resources
Capital
10,000.00
Surplus and undivided profits
14,805. 30
Deposits:
$
Due to banks**
7,7-1 83
Demand deposits, including U. S. Govt. deposits
(
17, - 17 ^,F)
Time deposits, including postal savings
60,378.85
70,328.33
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
25,1S4 22
80.88
All other liabilities
128,348.73
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
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)
Payments from
guaranty fund
Claims allowed
Secured
25,134.22
25,134.22
None
25,134.22
100%
80.88
80.88
None
80.88
100%
80,480.30
claims
Dividends paid from
collections
12,531.02
None
12,531.02
105,695.40
37,746.12
None
37,746.12
Preferred claims.
General claims
Total claims. ..
10. Has this bank been finally liquidated? No
Total payments
Per cent of payments
to claims allowed
3_ 7
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
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
X
•
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
by reason of p ro—
X longed. depression
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
•
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
yes
If so, state what industry or type of agriculture
General Farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
April 1, 1921
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
after suspension a 100% levied ag-inst stockholders
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
El
National bank
Name of State
El State bank
South Dakota
El Trust company
•
-17
O Stock savings bank
• Mutual savings bank
o
Private bank
1. Name of bank_Ardmore St.n t.p RanT,-
2. Date organized
1905
Date suspended
9
3. Federal reserve district
Town or City
Dec 30
1924
Ardm re
County Fall River
Population of town or city*
Non—member
Member or nonmember of F R. System_
4. Number of branches operated: In city of parent bank ilone
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
400
No
6. Condition figures, as of (date*) of susnension
Loans and discounts:
$
On real estate
Other
13,507.97.
121,745.39
Total loans and discounts
$ 135
Real estate acquired in satisfaction of debts
3,950.00
Investments
4,851_ 01
All other resources
8,466.00
Total resources
1.52-,120.67
Capital
25,000.00
2,732 91
Surplus and undivided profits
Deposits:
240.05
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
56,826.91
58,458.21
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
7-5-40
L52,120.67
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?
NO
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
8,787.19
8,787.19
None
8,787.19
100%
Preferred claims. . . 10,417.92
10,417.92
None
10,417.92
100%
io g..3e ,.;-_.6'
49,396.37
None
49,396.37
(4,1(1,4
Total claims. . ..1
68,601.48
None
68,601,48
Secured
claims
General claims....
10. Has this bank been finally liquidated?
No
n.?
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
Decline in real estate values
& 34.7e StQq1c Valles
Contributing
cause
yes
O
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
yes
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?
Stock loans
If so, state what industry or type of agricultureFarm loans and
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? Pall aid. winter of 1920 and 1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so, give dates and amounts of all assessments
100% assas_ampmt_leviea by the superintendent of banks subsequent to
suspension Dec. 30, 1924
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Federal Reserve Bank of St. Louis
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
•
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
O
National bank
Name of State
• State bank
South Dakota
O Trust company
•
341
O Stock savings bank
• Mutual savings bank
O Private bank
1. Name of bank
Security State Bank
2. Date organized
1919
3. Federal reserve district
Date suspended
Town or City
Nov 22
1924
Argonne
Population of town or city*
Einer
65
Member or nonmember of F. R. System_Non—memb_er_
9
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
County
No
6. Condition figures, as of (date*)
(If sym-ripn qjcm
Loans and discounts:
On real estate
,850.00
45,296,98
Other
Total loans and discounts
$46,146.98
Real estate acquired in satisfaction of debts
,ry .2,240.67
Investments
5,988.28
All other resources
8,038 53
62,424.46
Total resources
Capital
15,
00a.00
Surplus and undivided profits
935.49
Deposits:
214 _
Due to banks**
Demand deposits, including U. S. Govt. deposits
25,953.4S
Time deposits, including postal savings
14,149.85
$ 40,317.21
Total deposits
Borrowings from F. R. bank
6,105.00
Borrowings from other banks
66.76
All other liabilities
Total liabilities
7. Has this bank been reopened?
-62,424-46
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
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
Pet•cent of payments
to claims allowed
Secured claims
Preferred claims...
•
General claims. . ..
Total claims
_
ye
s
If so give:
10. Has this bank been finally liquidated?
Date liquidation was completed September 2, 1930
Collections:
$ 34,205.53
From liquidation of assets
4,100.00
From assessments on shareholders
Other collections (explain)
38,305.53
Total collections
$
Offsets to claims (loans paid, etc.)
4,947.46
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims
Preferred claims
Dividends paid from
collections
Total payments
Per cent of payments
to claims allowed
6,105.00
6,105.00
None
6,105.00
100%
162.59
' 162.59
None
162.59
100%
20,5_54.39 -
None
20,554.29
None
26,821.98
g._
General claims. . .. iiO/33'7
Total claims. . .. N./0/ 3/ _2_6,821.98
I .
i
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Federal Reserve Bank of St. Louis
Payments from
guaranty fund
5047
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
O
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
X
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify).. enera1 4ec1ti..tI PX.1.GPs
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
Diversified farming
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?
10
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Yes
If so, give dates and amounts of all assessments
immediAtely following suspension
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.
GO
Type of bank reported—check
appropriate one of the following
• National bank
Name of State
O State bank
•
;.1;outia Dakota
LI Trust company
ri Stock savings bank
LI Mutual savings bank
• Private bank
1. Name of bankCd_tiLe21 State Bank
,
2. Date organized
1901
3. Federal reserve district
Town or City
Date suspended Oct 23
9
Arlington
1926
of town or city*
Member or nonmember of F. R. System_
4. Number of branches operated: In city of parent bank
None
Outside city of parent bank**
Norio
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
Kingsbury
1 050
,
Non—member
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
On real estate
191,299.72
Other
Total loans and discounts
$ 191,29q_.72
Real estate acquired in satisfaction of debts
\,\\, 35,888.,90
5
Investments
50,447 36
All other resources
P9,319 96
306,955 54
Total resources
Capital
25,000.00
Surplus and undivided profits
39,308.09
Deposits:
135.07
Due to banks**
129,260.36
Demand deposits, including U. S. Govt. deposits
87,178.14
Time deposits, including postal savings
$ 216,573.57
Total deposits
Borrowings from F. R. bank
23,778.57
Borrowings from other banks
All other liabilities
1,80EL 80
306,955_ 54
Total liabilities
7. Has this bank been reopened?
Date of reopening
Yes
If so give:
March 4, 1927
Name under which reopened
Loss to depositors on:
Citizens State Bank. Arlington
Amount of loss
Secured claims
NonA
Preferred claims
None
General claims
148,061.93
Per cent of loss
to claims
Total
None
85%
148,061.93
* 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?
i:o
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
No
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Claims allowed
Payments from
guaranty fund
Dividends Paid from
collections
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 ?Re°rganize13f so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims. .
Preferred claims.. .
General claims. . . .
Total claims. . .
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
•
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
X
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify) Door prices for products raised
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
Diversified farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
yes
If so, give dates and amounts of all assessments
100% assessment levied immediately following suspension for the purpose
of raising new capital for reorganized bank.
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
fl National bank
72
Name of State
In State bank
South Dakota
O Trust company
O Stock savings bank
•
O
Mutual savings bank
O Private bank
1. Name of bank_Armour_statp____B.,..44
k_Town or City
2. Date organized
1894
3. Federal reserve district
Date suspended
Ibuf6 9
Armour
County
Population of town or city*
1,50
('
Member or nonmember of F. R. System_Non—member
None
4. Number of branches operated: In city of parent bank__
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
Douglas
No
of suspension
6. Condition figures, as of (date)
Loans and discounts:
On real estate
$
9,275,00
426,153.46
Other
Total loans and discounts
$ 434,4.27./16
Real estate acquired in satisfaction of debts
A 38,22'i 00
Investments
23,000-00
All other resources
79,955.10
Total resources
_5_75,607 56
Capital
40,ow 00
Surplus and undivided profits
1-1,924.47
Deposits:
Due to banks**
903.21
Demand deposits, including U. S. Govt. deposits
210,575.87
Time deposits, including postal savings
309,042.39
Total deposits
$52-5147
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
3,161_ 62
Total liabilities
7. IIas this bank been reopened?
Date of reopening
575,60'7_ 56
yes
.
If so give:
Sent. 25,1926
Name under which reopened
Loss to depositors on:
Armour State Rank
Amount of loss
Per cent of loss
to claims
Secured claims
none
none
Preferred claims
none
none
General claims
215,029.78
Total
215,029.78
50%
•
* 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
No
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
_
Secured claims. .. .
Preferred claims...
General claims. . . .
Total claims. . . .
10. Has this bank been finally liquidated Reorganizecif so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims
Preferred claims. ..
General claims. . . .
Total claims. . . .
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
X
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
•
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
X
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify) poor prices for products raised
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
yes
If so, state what industry or type of agriculture
Diversified farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspen1921
sion?
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
yes
If so, give dates and amounts of all assessments
100% assessment levied immediately following suspension for the purposc
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
af raising new capital for reorganized bank.
•
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
•
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
•
9
Ej
0
9
9
9
389
National bank
Name of State
State bank
South Dakota
Trust company
Stock savings bank
Mutual savings bank
Private bank
A
1. Name of bank Artesion State Bank
2. Date organized
1894
3. Federal reserve district
Town or City Artesipn
County
Date suspended OC t.23,1930population of town or city*
9th
600
Member or nonmember of F. R. System_NOri— rrenthe
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
Sanborn
No
6. Condition figures, as of (date*) Oct. 23, 1930
Loans and discounts:
$ 43,834.60
On real estate
Other
98,173.86
1 $ 142,008.46
Total loans and discounts
Real estate acquired in satisfaction of debts
4R,208.32
Investments
12,999_20
All other resources
28,28a.72
229,504.70
Total resources
Capital
25,000 00
Surplus and undivided profits
'
3 SOD 00
Deposits:
$
Due to banks**
Demand deposits, including If. S. Govt. deposits
Time deposits, including postal savings
2,514.24
12S,730.19
58,596,15
$187,840.58
Total deposits
Borrowings from F. R. bank
11,732.60
Borrowings from other banks
1,431.52
All other liabilities
229,504.70
Total liabilities
7. Has this bank been reopened?
Date of reopening
The liquidation of this bank has
Esogive: been taken over by a depositors
liquidating committee and no further
information relative thereto is
available in this office.
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'
1
10
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)
•
Secured
Payments from
guaranty fund
Dividends paid from
collections
Claims allowed
'l'otal payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
____
No infor ation availaDle
claims
Preferred claims...
•
General claims.
Total claims.. .
_
10. Has this bank been finally liquidated? No •
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims.. .
General claims. .
Total claims
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
X
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
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?
1q2()
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
Ye
If so, give dates and amounts of all assessments
100go after suspension
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
South Dakota
El State bank
O Trust company
175
O Stock savings bank
•
O
Mutual savings bank
O Private bank
1. Name of bank Security State Bank
2. Date organized
1903
3. Federal reserve district
Date suspended
9
Town or City Artesian
May 3,
1924
County Sanborn
Population of town or city*
Member or nonmember of F. R. Systern___Llon..-,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
700
No
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
$
On real estate
4,982:00
2.30074.61
Other
Total loans and discounts
$: 056_61
2 25
Real estate acquired in satisfaction of debts
•
137 6_7
Investments
19 18-7.73
All other resources
5,243.97
Total resources
292,605_ 88
Capital
20,000.00
Surplus and undivided profits
8,312 40
Deposits:
2,051.80
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
62,232.03
1r9,373.70
Total deposits
Borrowings from F. R. bank
70,0:77 50
Borrowings from other banks
598.45
All other liabilities
Total liabilities
7. has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
S. Has this bank been taken over by another bank?
If so give:
No
Name of bank by which taken over
Date taken over
Per cent of loss
to claims
Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation? Yes
If so give payments to date:
(Amounts in dollars)
Claims allowed
Secured claims. . . .
Preferred claims...
Dividends paid from
collections
Total payments
70,037.50 _70,037.50
None
601_05
None
61,362_61
None
61,362. 1
None
Per cent of payments
to claims allowed
100%
132,001.16
601.05
General claims. .. . tif t.A.iiiite., _
2-61 6..(3,kif i
Total claims..
Payments from
guaranty fund
132,001-1-6---
10. Has this bank been finally liquidated?
70,037 50
601.05 _____l_W
3 /.2_.
If so give:
NO
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Secured claims
Preferred claims.. .
.
General claims. . . .
Total claims
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
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
X
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Decline in values
farm products.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture? Agricultural.
If so, state what industry or type of agriculture General loans to farmers for the purchase
Live stock values droppei
of cattle hogs and sheep and feed for the same.
75% between December 1919 and December 1920.
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?1921.
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended Wt A r Si'spe-n sinri If so, give dates and amounts of all assessments
.
.
100% assessment on stockholders levied after suspension by Superintendent Of
Banks.
Banks.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2. LI
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
43
National bank
Name of State
E] State bank
south Dakota
O Trust company
O Stock savings bank
•
0I
Mutual savings bank
O Private bank
1. Name of bank
A 1.1-hnii St-FidP Bnnl:
2. Date organized
1906
3. Federal reserve district
Town or City
A shtoni
County Soink
June 23,1926
Date suspended 1926
Population of town or city* 500
9
Member or nonmember of F R. System
4. Number of branches operated: In city of parent bank_N one
Outside city of parent bank** flonr
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
N°
Non—member
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
23,135.00
On real estate
100.95660
Other
Total loans and discounts
$ 124,091 Cif)
Real estate acquired in satisfaction of debts
\
\ca)
Investments
3
All other resources
7218_ Fi2
,
Total resources
7:5
_219,838.17
Capital
10,000.00
Surplus and undivided profits
17 ,42a,55
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
92,704.05
Time deposits, including postal savings
98,631.71
$191,335.75
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
1,078.85
All other liabilities
219,838.17
Total liabilities
7. Has this bank been reopened?
yes
If so give:
Date of reopening Aue.,.,126
—
Name under which reopened
Loss to depositors on:
Ashton State Bank
Amount of loss
Per cent of loss
to claims
Secured claims
nonP
none
Preferred claims
none
none
General claims
none
none
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:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
No
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars) •
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?Reorg, iize 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
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
X
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
poor p.ces for products raised
Other causes, (specify)
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
Di versif ted_ farmin
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10
yes
If so, give dates and amounts of all assessments
assesomPnt levied i'lmealately followige suspension for the purpose
of raising new capital for reorganized ban--
•
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
fl National bank
Name of State
Nj State bank
O Trust company
O Stock savings bank
•
228
• Mutual savings bank
O Private bank
1. Name of ban First State Bank
2. Date organized
1901
3. Federal reserve district
Town or City Ashton
County SPink
. ,
Date suspended Dec261925 Population of town or city*
Ninth
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
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
500
No
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
$ 11,356.80
On real estate
105,751.09
Other
$ 117,107.89
Total loans and discounts
6,978.28
Real estate acquired in satisfaction of debts
6,400.00
Investments
13,291.46
All other resources
143,777.63
Total resources
Capital
10,000.00
Surplus and undivided profits
16,884.05
Deposits:
14.30
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
56,138.03
38,23243
$ 94,384.76
Total deposits
Borrowings from F. R. bank
None
Borrowings from other banks
22,180.00
328;82
All other liabilities
143,777.63
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 claiins
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
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
Payments from
guaranty fund
Dividends paid from
collections
Total payments
Per cent of payments
to claims allowed
_
22,180.00
Secured claims.
Preferred claims. . .
22,180.00
a
General claims.... 941,4,/a
/ 1Total claims. .. /
22,180.00
100%
1_t•None
971 ?'?
1,071.27
None
1,071.27
100%
71,663.43
None
71,663.43
94,914.70
NOne
94,.
91470
10. Has this bank been finally liquidated?
No
7,<1
(g •
6-(
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
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)
QA. .131.prAceP..Qf.
Other causes, (specify). DP
from the farm.
U .pr.03,1p.t.4
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
Agriculture and live stock.
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
After
Dee 1925
If so, give dates and amounts of all assessments
100 % totaling$10000.00
•
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
•
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
O
National bank
IN
State bank
Name of State
South Dakota
O Trust company
•
315
O Stock savings bank
O
Mutual savings bank
O Private bank
1. Name of bank
2. Date organized
Astorin State Rnnk
,
1905
3. Federal reserve district
Date suspended
9
Town or City
Astoria
County
April 4
1929 Population of town or city* 250
Member or nonmember of F. R. System Non—member
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
Deuel
No
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
On real estate
$
Other
183,268.03
Total loans and discounts
$ 21 ,218.03
Real estate acquired in satisfaction of debts
16,181 26
Investments
11.748 89
All other resources
12,7'74 29
2:5,9?_2„4.7
Total resources
20,000 00
Capital
Surplus and undivided profits
5,910.00
Deposits:
7,236.07
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
59,885.97
154,049.62
Total deposits
$221,171 _ 66
Borrowings from F. R. bank
6,121.00
Borrowings from other banks
719.81
All other liabilities
253,922.47
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
S. IIas this bank been taken over by another bank?
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Per cent of loss
to claims
Amount of loss
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?
If so give payments to date:
Yes
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims. .. .
6,121.00
6,121.00
None
6,121.00
100%
Preferred claims..
3,147.32
3,147.32
None
3,147.32
1007f
-
General claims...
)131,41,,o.1
,
11,064.74
None
11,064.7
20,333.06
None
20,333.0
Total claims.. .
.1--_,3
10. Has this bank been finally liquidated?
Date liquidation was completed
it,
e.7
If so give:
Collections:
From.liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Secured claims. .
Preferred claims..
General claims
Total claims.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
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
Yes
Decline in real estate values
Contributing
cause
Inflation
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
Yes
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
Farmers
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? before 8, Af ter
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
If so, give dates and amounts of all assessments
1922-23-25-26-28— and 1929 and after closing
I qf
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
•
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
LI National bank
Name of State
1] State bank
South Dakota
LI Trust company
LI Stock savings bank
260
11] Mutual savings bank
LI Private bank
1. Name of bank Athol State Bank
2. Date organized
1 9ns
3. Federal reserve district
Date suspended
Town or City
Jan 13
1926
9
Athol
Population of town or city*
Member or nonmember of F R.
4. Number of branches operated: In 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.
250
Systerri_Non—member
None
Outside city of parent bank**
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
County
No
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
On real estate
$
Other
8,600.00
108,779.05
Total loans and discounts
$ 1 17,379.05
Real estate acquired in satisfaction of debts
\)\\\ 7,650_ 00
Investments
26,673_ 29
All other resources
2,551_ 30
Total resources
15
4,253_ 64
10,000.0o
Capital
7,472.76
Surplus and undivided profits
Deposits:
$
Due to banks**
1,334.16
Demand deposits, including U. S. Govt. deposits
47,930.29
Time deposits, including postal savings
64,7?9.44
Total deposits
$ 111
1,46-3.89
Borrowings from F. R. bank
Borrowings from othei banks
21
All other liabilities
1,141_ 99
Total liabilities
7. Has this bank been reopened?
00
154,253 64
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
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.. ..
21,575.00
20,426.24
None
20P426-24
Preferred claims...
426.15
426.15
None
426.15
General claims. . . _ 116,351,94
41,873.98
None
A
Total claims....138,353.09
62,726.37
None
•
10. Has this bank been finally liquidated?
VOG
100%
36.7g
;
•
3
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
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
•
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
X
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
X
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
1920-1921
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
Jan1926
Yes—after
100%- $10,000.00
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
M
33
National bank
State bank
Name of State
South DaliTota
O Trust company
o
Stock savings bank
• Mutual savings bank
o
Private bank
1. Name of ban
Bank of Aurora
2. Date organized 1891
3. Federal reserve district
Date suspended
Nov 18
1926
9
Population of town or city*
300
Member or nonmember of F. R. System Non—Limber
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
oCounty Brookins
Town or City Aurora
N
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
$
On real estate
L620.9)__
141,184.54
Other
Total loans and discounts
$
Real estate acquired in satisfaction of debts
142 R04.54
A15,000.00
Investments
11 ,170_ 00
All other resources
28,629.11
Total resources
197,603.65
Capital
25,000.00
Surplus and undivided profits
20,425 20
Deposits:
979.16
Due to banks**
Demand deposits, including U. S. Govt. deposits
45,923.94
Time deposits, including postal savings
74,384.62
Total deposits
$
121,2R7_72
Borrowings from F. R. bank
30,119 31
Borrowings from other banks
771.42
All other liabilities
197,603.65
Total liabilities
7. Has this bank been reopened? Yes
Date of reopening
If so give:
Jan. 3. 1927
Name under which reopened Bank. of Aurora
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
none
110riA
Preferred claims
none
none
General claims
24,207.42
Total
24,207.42
25%
* 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?
T:o
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
No
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
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 ?Racirganizeff 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)
•
Secured claims. . ..
Preferred claims.. .
General claims. .
Total claims
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Claims allowed
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
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
•
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
X
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify) poor. pricaa .1P.r products raised
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
ys
If so, state what industry or type of agriculture
Diversified farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Yes
If so, give dates and amounts of all assessments
100% ass_ssment levied immediately following suspension for the purpose
of raising new capital for reorgainzed bank ,
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
3O
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
bouth Dakota
State bank
277
O Trust company
O Stock savings bank
•
▪ Mutual savings bank
O Private bank
Town or City Avon
1. Name of bank_____Bankof_Avon
2. Date organized
1904
3. Federal reserve district
Date suspended
J-u.1,y 28
1926
9
Population of town or city*
Member or nonmember of F R.
4. Number of branches operated: In city of parent bank
Outside city of parent bank**
None
* Latest census figures or estimate as shown in bankers' directory.
• ** Attach a list giving the name and location of each outside branch at time of suspension.
Bon Homme
660
System_Non—member
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
County
No
Q
6. Condition figures, as of (date*)
Of S- 7sperision
Loans and discounts:
$ 14.571 Ad
On real estate
155,151.41
Other
Total loans and discounts
$ 169,722_81
Real estate acquired in satisfaction of debts
18,221 70
Investments
8 7490_ 00
All other resources
16,808 01
Total resources
Capital
20,000.00
Surplus and undivided profits
18,606.22
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
72,85002
Time deposits, including postal savings
65,248.01
Total deposits
$ la8,1n7
Borrowings from F. R. bank
35,000.00
Borrowings from other banks
All other liabilities
1,529.27
21: ,242-52
7
,
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
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?
If so give payments to date:
Yes
(Amounts in dollars)
Claims allowed
Secured claims.. . .
Preferred claims..
General claims.. .
Total claims...
Dividends paid from
collections
Per cent of payments
to claims allowed
35,000.00
100%
None
20,910.24
100%
78,085.83
None
78,085.83
133,996.07
None
133,996.07
35,000 00
4_ _20
4_9_1,2
_11-3,.3 7_7,
n_11.24s../1
Total payments
None
35,000.1)0_
,_1_Q_.2.
Payments from
guaranty fund
10. Has this bank been finally liquidated?
No
iiy. 7(P_o
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
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
•
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
X
Gradual
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
Grain farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
July 1925
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Ye
If so, give dates and amounts of all assessments
after suspension a .100% assessment was levied on stockholders .
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.
84
Type of bank reported—check
appropriate one of the following
O
National bank
g]
State bank
Name of State
South Dakota
O Trust company
•
O Stock savings bank
O
Mutual savings bank
O Private bank
1. Name of bank ...Badgr State Bank
2. Date organized
1907
3. Federal reserve district
9
Date suspended
Town or City Badger
Mar 12
1928
County Kingsbury
C
Population of town or city* 175
—I
Member or nonmember of F. R. System_N onnember
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
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
On real estate
‘5055.10'
$
85,466.36
Other
Total loans and discounts
$ 90,521 46
Real estate acquired in satisfaction of debts
36,075 74
Investments
19,Ta..74
All other resources
58,650 42
204,277.36
Total resources
Capital
15,ono oo
Surplus and undivided profits
10,1346 3R
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
102,7$A.54
74,9L5.07
Time deposits, including postal savings
Total deposits
$177,672.61
Borrowings from F. R. bank
Borrowings from other banks
1,558.37
All other liabilities
Total liabilities
7. Has this bank been reopened?
204,277 36
yes
If so give:
Date of reopening June 26, 1928
Name under which reopened
Loss to depositors on:
Badger State Bank
Amount of loss
Per cent of loss
to claims
Secured claims
none
none
Preferred claims
none
'lane
General claims
75,216.74
Total
75,216.74
50%
* 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:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
No
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Payments from
guaranty fund
Dividends paid from
collections
Claims allowed
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
_
Secured claims. .
Preferred claims.. .
____
General claims. .. .
Total claims.. . .
_____
_
10. Has this bank been finally liquidated? Reorganizeg.so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims....
Preferred claims..
General claims. ...
Total claims..
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
•
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
X
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify).p oor..prie.e$ .1.0.r.pr.ochic.t.q .
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
oiagriculture?
yes
If so, state what industry or type of agriculture
Diversifier' fArmin
,
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
y
If so, give dates and amounts of all assessments
104-a,s-se_s_smem± ipviAa immpdintely following suspension for the purrose
of raising new capit1 for reorganized banks.
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
O
371
National bank
Name of State
(ja State bank
0 Trust company
•
South Dakota
O Stock savings bank
O
Mutual savings bank
O Private bank
1. Name of bank4amers Statr. Bnk
2. Date organized
County Kingsbury
Date suspended Dec.30,1974-a31-upulation of town or city* 175
1914
3. Federal reserve district
Town or City Bancroft
9th
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**
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_ 30, 1930
Loans and discounts:
On real estate
7,725 00
Other
64,298.04
Total loans and discounts
$ 72,023.04
Real estate acquired in satisfaction of debts
Investments
6,908.34
All other resources
14,854.01
102,377,39
Total resources
Capital
25,000_00
Surplus and undivided profits
11,985.84
Deposits:
486.49
Due to banks**
Demand deposits, including U. S. Govt. deposits
2F171_1S
Time deposits, including postal savings
21,932.16
$ 51,089.81
Total deposits
Borrowings from F. R. bank
13,643.15
Borrowings from other banks
658.59
All other liabilities
102,377.39
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
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_e.,%_ If so give payments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Secured claims... .
Preferred claims. ..
None
None
13,643.15
Payments from
guaranty fund
None
10. Has this bank been finally liquidated?
No
If
ft
II
II
ti
ft
ft
None
64,_7329.
Total claims
None
Per cent of payments
to claims allowed
ft
It
F1,089.8
General claims
Total payments
0
It
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
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
•
X
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)..General..cl.eflation tp values
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
YeS
If so, state what industry or type of agriculture
diversified farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspen1 92,0
sion?
12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
yes
If so, give dates and amounts of all assessments
1004 iTmediatelv following suspension
•
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
South Dakota
El State bank
O Trust company
244
O Stock savings bank
O
Mutual savings bank
O Private bank
1. Name of bank First State Bark
2. Date organized
1917
3. Federal reserve district
Date suspended
Town or City Bnrmrd
June 22
1926
3
Population of town or city*
65
Member or nonmember of F. R. System Non—kember
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
County Brown
No
of suspension
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
:
Other
740.60;84
Total loans and discounts
81 ._
$ 77,704.65
Real estate acquired in satisfaction of debts
27,312
Investments
6 RO2 19
All other resources
10 ,3a9.2:
-
Total resources
117
Capital
2_71
15 ,)00
Surplus and undivided profits
8 975.06
Deposits:
2,410.85
Due to banks**
Demand deposits, including U. S. Govt. deposits
52,077.36
Time deposits, including postal savings
19,346.59
Total deposits
$ 73 ,235 :30
Borrowings from F. R. bank
Borrowings from other banks
18
All other liabilities
405.85
117 ,209.71
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:
No
Name of bank by which taken over
Date taken over
Loss to depositors on:
Per cent of loss
to claims
Amount of loss
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?
If so give payments to date:
Yes
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
18,992.50
100
486.97
100%
Secured claims. .. .
18,992.50
18,992.50
None
Preferred claims...
486.97
486.97
None
74,271.42 • -.26,062.96
None
26,062.96
35.1%
45,542.43
None
45,542.43
1/444
Total payments
Per cent of payments
to claims allowed
General claims. ...
Total claims. . ..
93,750.89
10. Has this bank been finally liquidated?
No
.
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
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
X
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
X Agricultural/
denression
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
general conditims
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
diversified farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
_ •1 1
19-21
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
suspension.i o
0
1
,
es after
bank suspended?
If so, give dates and amounts of all assessments
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Stockholders' Liability; 192642,900.00; 192744,518.36. Directors' Liability
Feb. 5,192741,200.00
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
•
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be Used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
0 National bank
Name of State South Dakota
E9 State bank
JLhatole..0
O Trust company
O Stock savings bank
• Mutual savings bank
O Private bank
1. Name of ban Belle Fourche State Bank
2. Date organized
9
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
che County
Date suspended Oct. 4, 1923 Population of town or city*
1910
3. Federal reserve district
Town or City Belle F
No
Butte
1,616
N on—ine,mb er
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
On real estate
16::;
892.42
Other
329,999.79 _
$ 493,892.21
Total loans and discounts
19,419.15
Real estate acquired in satisfaction of debts
,043
)
,
\
\N"
Investments
5,295.06
33,733.50
All other resources
552,339.92
Total resources
Capital
50,000.00
Surplus and undivided profits
16,736.99
Deposits:
$
Due to banks**
14,553.24
Demand deposits, including U. S. Govt. deposits
196,706.76
Time deposits, including postal savings
151 890.95
,
$ 363,150.95
Total deposits
Borrowings from F. R. bank
116,679.89
Borrowings from other banks
5,772.09
All other liabilities
5523992
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
Loss to depositors- on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes
If so give payments to date:
9. Is this bank still in process of liquidation?
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Secured claims. . .
116,679.89
116,
679• •89
None
116,679.89
Preferred claims..
64,213.04
60,272.09
None
60,272.09
82,887.15
None
82,887.15
c,-:).59,839.13
None
Per cent of payments
to claims allowed
259,839.13
General claims. . . __/)3 ta,l'i,-M,_
6i,,r,
Total claims.. . __W;q;.
-i,
•
10. Has this bank been finally liquidated?
No
100%
93.ro
7, 3
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
Decline in real estate values 84
Live Stock
Contributing
cause
Yes
•
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Yes
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
es
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
.
Other causes, (specify)..Redis.counts.at..solicitation. o.f City
correspondents.
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
es
If so, state what industry or type of agriculture
Farm loans and Cattle and sheep loans.
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
Fall and winter of 1920 and 1921 .
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
%
bank suspended? 100
If so, give dates and amounts of all assessments
100% assessment levied by the Superintendent of Banks, Subsequent to
Sus-oension Oct 6, 1923.
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
O
National bank
Name of State
129 State bank
South Dakota
O Trust company
•
308
O Stock savings bank
• Mutual savings bank
O Private bank
1. Name of bank
2. Date organized
State Bank of Bemi,q
1906
3. Federal reserve district
Date suspended
Town or City
Mar 14
1929
9
4. Number of branches operated: In city of parent bank
Bends
County
Population of town or city*
100
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
Deuel
No
of suspension
6. Condition figures, as of (date*)
Loans and discounts:
$
On real estate
8 339.84
91„452„37
Other
Total loans and discounts
$ 99,792.21
Real estate acquired in satisfaction of debts
18,780.54
Investments
5,7_18.63
All other resources
3,398.92
Total resources
127,690 30
25 000.00
Capital
5,499 62
Surplus and undivided profits
Deposits:
$
Due to banks**
1,148.95
Demand deposits, including U. S. Govt. deposits
22,615.20
Time deposits, including postal savings
61,652.27
$ 85,416.42
Total deposits
Borrowings from F. R. bank
11,500.00
Borrowings from other banks
274.26
All other liabilities
127„690.30
Total liabilities
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
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
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
11,500.00
None
Total payments
Per cent of payments
to claims allowed
11,500.0
100%
Secured claims. ..
/1_2500.00
Preferred claims..
. 3.8,4Q
None
.
Lf.
200129.89
None
20,129.89
f3180.14
/
31,629.89
None
31,629.89
General claims... _11,0
Total claims
t.
10. Has this bank been finally liquidated?
No
3
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
Yes
Decline in real estate values
Contributing
cause
Inflation
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
--Yes
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 agriculture
If so, state what industry or type of agriculture
Farmers
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
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
after -40o
1929
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
IL)
National bank
Name of State
South Dakota
ad State bank
Trust company
•
D Stock savings bank
Li Mutual savings bank
LI Private bank
1. Name of ban
Beresford State Bank
Town or City
Beresford
County
Union
July 29,
2. Date organized
1895
3. Federal reserve district
9
Date suspended
1926
1,600
Population of town or city*
Non—member
Member or nonmember of F. R. System_
e
4. Number of branches operated: In city of parent bank Non
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*)
of suspension
Loans and discounts:
$
On real estate
36,154.99
206,720454
Other
$ 242,875.53
Total loans and discounts
Real estate acquired in satisfaction of debts
135,197.12
Investments
E3,688 39
All other resources
58,576. no
Total resources
500,33'7_ 04
Capital
50,000.00
Surplus and undivided profits
12,1?3_ 65.
Deposits:
484.23
Due to banks**
Demand deposits, including U. S. Govt. deposits
195,8,58.29
Time deposits, including postal savings
199,108.50
$ 395,451 02
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
42,700_
52.37
All other liabilities
500,337.04
Total liabilities
7. Has this bank been reopened?
Date of reopening
ye q
If so give:
Jan. 17,1927
Name under which reopened
Security St..tt e Banic., Bere sford
Amount of loss
Loss to depositors on:
Secured claims
Preferred claims
$
Per cent of loss
to claims
none
none
none
none
General claims
257,548.83
Total
257,348.83
70%
* 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
n taken over by another bank?
8. Has this bank
Name of bank by
yes
If so give: aftter reorganization
ch taken over Security State Bank
resford, South Dakota
Date taken over - Januai'Y,17, 1927
Loss to depositors on:
Amount of loss
none
Secured claims
Per cent of loss
to claims
none
one
none
General claim
none
none
Total
none
none
Preferred 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
Total payments
Per cent of payments
to claims allowed
Secured claims. .
Preferred claims..
General claims.
Total claims. ..
10. Has this bank been finally liquidated?Reorganize* so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims
Preferred claims
General claims. . ..
Total claims
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Decline in real estate values
Contributing
cause
X
•
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
X
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify). PAW.p.r.j.ceg..f9r..pr9a,uctP. ze:j.
..
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
yes
If so, state what industry or type of agriculture
Diversified farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
yes
If so, give dates and amounts of all assessments
100% assessment leviea immedite1y following siispension for the -purpose
of raising new capital for reorganized bank.
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.
18
Type of bank reported—check
appropriate one of the following
O
National bank
M
State bank
Name of State
South Dakota
O Trust company
•
O Stock savings bank
O
Mutual savings bank
O Private bank
1. Name of bank Security State Bank
Nov 16
Date suspended 1925
2. Date organized 1906
3. Federal reserve district
Town or City
9
Beresford
Population of town or city* 1,600
Member or nonmember of F. R System_Non —member
4. Number of branches operated: In city of parent bank
None
Outside city of parent bank**
Non p!
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 Union
No
6. Condition figures, as of (date) of suspension
Loans and discounts:
On real estate
b_.000.00
519,599.74
Other
Total loans and discounts
$ )24- ,599_ 74
ra.
Real estate acquired in satisfaction of debts
114,306 90
Investments
100,306 90
All other resources
70,796 99
810,582 38
Total resources
Capital
60,000.00
Surplus and undivided profits
16,042 42
Deposits:
• Due to banks**
209,367.02
Demand deposits, including U. S. Govt. deposits
455,202.94
Time deposits, including postal savings
Total deposits
$ 684,539.96
Borrowings from F. R. bank
Borrowings from other banks
70,000.00
All other liabilities
810,582.38
Total liabilities
7. Has this bank been reopened? Yes
If so give:
,
7
Date of reopening J.,,tal....--2 4 1.9.4.7 3.V.
Name under which reopened
Loss to depositors on:
Security State Bnnic ,
Beresford
Amount of loss
Per cent of loss
to claii,is
Secured claims
non.
none
Preferred claims
none
pone
General claims
268,288.11
45%
Total
268,288.11
* 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:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?
No
If so give payments to date:
(Amounts in dollars)
Claims allowed
Secured
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
claims
Preferred claims...
General claims. . ..
Total claims. . ..
10. Has this bank been finally liquidated ? Reorganizepl so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims
Preferred claims.
General claims.
Total claims. .. .
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
•
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
X
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify) poor prices for products raised
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
yes
If so, state what industry or type of agriculture
Diversified farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
1
yes
If so, give dates and amounts of all assessments
agseaRment levied immediately following suspension for the
purpose of .rising new capital for reorganizekbank.
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
O
National bank
Name of State
State bank
O Trust company
South Dakota
O Stock savings bank
O
316
Mutual savings bank
O Private bank
1. Name of bank
2. Date organized
Farmers,_ State Bank
1919
3. Federal reserve district
Town or City Big
trme
County
Date suspended.APPopulation of town or city*
9
Member or nonmember of F. R. System_
4. Number of branches operated: In city of parent bank___NGne
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
Grant
650
Non—lliember
of susoension
6. Condition figures, as of (date*)
Loans and discounts:
$_20,.376..79
On real estate
)
60,899..61
Other
$ 81 276 40
Total loans and discounts
(.\ 25 ,280_ 71
d\
15 ,627 70
Real estate acquired in satisfaction of debts
Investments
12,491. 74
All other resources
134,676 55
Total resources
Capital
25,000.00
Surplus and undivided profits
,P67.36
Deposits:
601.03
Due to banks**
Demand deposits, including U. S. Govt. deposits
61,161.44
Time deposits, including postal savings
36,093.62
$ 9'7,856.09
Total deposits
Borrowings from F. R. bank
4, 31 _ 40
Borrowings from other banks
621.70
All other liabilities
676_ 55
134,
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:
NO
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?
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. . . .
4,931-40
4,931.40
None
4,931.40
100%
Preferred claims...
3,125.01
3,125.01
None
3,125.01
100%
/4-7/.b V
General claims.. .. 6
39,528.07
None
39,528.07
Total claims. . .. _h_317/1.113
47,584.48
None
47,584.48
10. Has this bank been finally liquidated?
No
/- 3
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
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
•
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)...
.9f.P99P,.cr9P_Years-
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
Grain & Livestock
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
after suspension of bank
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
If so, give dates and amounts of all assessments
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
O
National bank
Name of State
Ei State bank
South Dakota
O Trust company
245
O Stock savings bank
O
Mutual savings bank
O Private bank
1. Name of bankink of Bijou Hills
2. Date organized
Mar 22,
1926
Date suspended
1891
3. Federal reserve district
Town or City
9
'
Bijou Hills County Brule
Population of town or city*
Member or nonmember of F. R. System__N on—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
100
No
of suspension
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
$
473-0400
1074819.74
Other
$ 111,549. 74
Total loans and discounts
Real estate acquired in satisfaction of debts
20,954.90
Investments
11 ,509.45
All other resources
a67.32
Total resources
151,
Capital
10,000.00
Surplus and undivided profits
7,362.61
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
38,630.48
Time deposits, including postal savings
80,757.29
Total deposits
$ 1 19,387 77
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
386 _ 40
1_5_1 ,867 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:
Amount of loss
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?
Yes
If so give payments to date:
(Amounts in dollars)
Claims allowed
Payments from
guaranty fund
Dividends paid from
collections
Total payments
Per cent of payments
to claims allowed
_
14,730.54
14,730.54
None
14,730.54
100%
386.40
386.40
None
386.40
100%
General claims. . . . 1.21,695.86
18,399.11
None
18,399.11
Total claims. .. . 136,812.80
33,516.05
None
33,516.05
Secured
claims
Preferred 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
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
II o
Defalcation
Heavy withdrawals of deposits
X
Failure of affiliated institution (Name)
No
Failure of correspondent (Name)
No
Failure of large debtor (Name)
No
•
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Agri cu111.rA
If so, state what industry or type of agriculture
Grain Farming & Stockraising
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
1923 •
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
If so, give dates and amounts of all assessments
March 22, 1926, ,,10,000.00 Stockholders Liability
eot. 1926
$38,374.O8 Directors Liability, Not settled.
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
National bank
Name of State
23 State bank
South Dakota
O Trust company
•
220
O Stock savings bank
O
Mutual savings bank
O Private bank
1. Name of bank Farmers state Bqnk
2. Date organized
1910
Date suspended
3. Federal reserve district 9
Town or City
Apr 3
1925
Bison
Population of town or city*
250
I
Member or nonmember of F. R. System Non--- nambpr
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
County Perkins
No
6. Condition figures, as of (date*)
of suspPr.sion
Loans and discounts:
$
On real estate
5,000.00
107,664.31
Other
Total loans and discounts
$112,664.31
Real estate acquired in satisfaction of debts
ccs
3,248.92
,
—5-5264;82
Investments
All other resources
9,142 76
Total resources
-120,320 - Al
10,000.00
Capital
Surplus and undivided profits
4,012 77
Deposits:
$
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
605.63
48,346.98
60,025.69
$ 108,97R 30
Total deposits
Borrowings from F. R. bank
7 ,-32p6.54
Borrowings from other banks
All other liabilities
130,320.61
Total liabilities
7. Has this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
lmount 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
Loss to depositors on:
Amount of loss
Secured claims
Per cent of loss
to claims
$
Preferred claims
General claims
Total
Yes If so give payments to date:
9. Is this bank still in process of liquidation?
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims. .. .
7,329.54
7,329.54
None
7,329.54
100%
Preferred claims..
1 109•
4
,
1
_____/109.40
None
1,109.40
100%
121479.43
None
12,479.43
ilig
20,918,37
/7 S
,
General claims. ..
Total claims. . .
0
i
JO Y j efi
//7..(q77.:(
. v1
i
10. Has this bank been finally liquidated?
20,918.37
No
--
—
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims. . . .
Preferred claims.. .
General claims.
Total claims.. ..
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
X
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
•
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
No
If so, state what industry or type of agriculture
Grain farming & stock raising.
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?
YR
Stockholders Liab.
June 1925
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$8500.00
If so, give dates and amounts of all assessments
ey‘
r
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
•
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
O
National bank
Name of State
El State bank
South Dn.kota
O Trust company
2t"
O Stock savings bank
O
Mutual savings bank
O Private bank
1. Name of bank
2. Date organized
Security State Bank
1917
Date suspended
9
3. Federal reserve district
Town or City
C
lq6
6
Blunt
Hug lies
512
Population of town or city*
Member or nonmember of F R. System N on—rri-mber
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
No
of suspension
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
61,422.74
Other
$ 61,422 74
Total loans and discounts
24,413 61
Real estate acquired in satisfaction of debts
9,741.95
Investments
All other resources
16,6271 97
Total resources
Li 2,202.27
15,000 00
Capital
Surplus and undivided profits
6,587.54
Deposits:
4,925.57
Due to banks**
Demand deposits, including U. S. Govt. deposits
25,787.16
Time deposits, including postal savings
22,677.16
Total deposits
$ 53,387_ 59
Borrowings from F. R. bank
Borrowings from other banks
32,295_ 08
4,931 96
All other liabilities
11 ,202 27
Total liabilities
7. Has this bank been reopened?
,,o
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
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secuied 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
Per cent of payments
to claims allowed
Secured claims. . . . 32,295.08
26,145.16
None
26,145.16
80.9%
2,828.60
2,804.17
None
2,804.17
99-1%
17,736.74
None
17,736.74
30 I
46,686.07
None
46,686.07
4q.7
Preferred claims...
General claims.. . .
tn
Total claims. . .. gi t t.la.
1
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 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
Drouth of 19410
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)
2nd mortgages in
which there was no
enuity
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
It dia
or agriculture?
If so, state what industry or type of agriculture
orooerly secur9d.
large -prcant%ge of lonns mnd( to fnrmPrs not
,
Crop failure of 1926, and light crops and low prices
following, made collection difficult.
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
Cron failurajn 1926.
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
after suspension a 100% assessment was levied on stockholders.
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
O
National bank
Name of State
Liouth Dakota
State bank
E] Trust company
•
0 Stock savings bank
O
338
Mutual savings bank
O Private bank
1. Name of bank
2. Date organized
Bon.e steel State Bank
Jan 13
Date suspended 1923
1901
3. Federal reserve district
Town or City
9
Bonesteel
Population of town or city*
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
County
No
Gregory
800
Non—member
6. Condition figures, as of (date*) of suspension
Loans and discounts:
$
On real estate
115,62674
4161
,275_4 91
.
Other
531,902.71
Total loans and discounts
(if) 24,064.64
Real estate acquired in satisfaction of debts
Investments
22,655.50
All other resources
27,836.40
606459.25
Total resources
Capital
25,000.00
Surplus and undivided profits
12,500.00
Deposits:
$
Due to banks**
12,669.73
Demand deposits, including U. S. Govt. deposits
140,209.76
Time deposits, including postal savings
246,710.55
399,590.04
Total deposits
Borrowings from F. R. bank
151,961.65
Borrowings from other banks
17,407.56
All other liabilities
606,459.25
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?
17c
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
Payments from
guaranty fund
Dividends paid from
collections
Total payments
Per cent of payments
to claims allowed
_
Secured claims. . ..
_
—
_
_
Preferred claims..
General claims. ..
Total claims. . ..
Yes
10. Has this bank been finally liquidated?,
If so give:
Date liquidation was completdd
Collections:
$
From liquidation of assets
368,959.25
From assessments on shareholders
None
Other collections (explain)
None
368,959.25
Total collections
$
Offsets to claims (loans paid, etc.)
19,305.14
Payments to depositors:
(Amountsin dollars)
Claims allowed
Secured claims.... '169,369.21
Preferred claims... __None
General claims. . .. 399,590.04
Total claims... . _5&859.25_
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Dividends paid from
collections
169,369.21
None
Payments from
guaranty fund
Total payments
None
169,369.21
None
Per cent of payments
to claims allowed
None
199,59D.04
200,000.00
399,590.04
368_,_959__25
_200, .
000 00
568.959,25
100%
100%
/0 0 %
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Decline in real estate values
Contributing
cause
•
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
X
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
•
Other causes, (specify)
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
Diversified 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
100% i=lediately following suspension
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
177
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
•
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
LI National bank
50 State bank
Name of State
South Dakota
LI Trust company
•
o
Stock savings bank
O Mutual savings bank
o
Private bank
1. Name of bank__Citizens Bank
2. Date organized
1902
3. Federal reserve district
Town or City Bonestoel
Nov 4
Date suspended 1925
Member or nonmember of F. R. System
N
Outside city of parent bank**
Gregory
Population of town or city* 800
9
4. Number of branches operated: In 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
Non—member
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
On real estate
$
Other
214750..0Q.
1854721..43
Total loans and discounts
$ 207,471_43
Real estate acquired in satisfaction of debts
21,800.00
Investments
24,64&00
All other resources
Total resources
275,189 01
Capital
50,000.00
Surplus and undivided profits
15,650.65
Deposits:
7,807.88
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
74,006.22
104,671.64
Total deposits•
$ 186 ;485_ 74
Borrowings from F. R. bank
Borrowings from other banks
22 „ZOO_ 00
All other liabilities
752.62
275,189.01
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
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:
Yes
(Amounts in dollars)
Dividends paid from
collections
Payments from
guaranty fund
Total payments
22,300.00
22,300.00
None
22,300.00
100%
21,811.36
18,569.84
None
18,569.F24
85.1%
.1
General claims.. . . _ 1.44 86/k8
30,764.64
None
30,764.64
../1
/0,11w4
71,634.48
None
71,634.48
7
,g1 1-. 0
Claims allowed
Secured
claims
Preferred claims...
Total claims. ...
10. Has this bank been finally liquidated?
NO
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
Dividends paid from
collections
Payments from
guaranty fund
Total payments
claims
Preferred claims
.
General.claims. . ..
Total claims
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
..
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)
change of mu ag eiaent
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
Ye
or agriculture?
If so, state what industry or type of agriculture
4
(1.2 r'irpci Lon_r r•
r
n
"
What was the approximate date of the beginning of the difficulty which ultimately caused the suspenJan. 1t 1924
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
If so, give dates and amounts of all assessments
Nev:stock sold Aug 1924 and proceeds used to eliminate worthless assets
fe, _
3
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.
1_5
Type of bank reported—check
appropriate one of the following
O
National bank
Name of State
South Dakota
El State bank
O Trust company
O Stock savings bank
•
O
Mutual savings bank
O Private bank
1. Name of bank
2. Date organized
Da knta St,
1923
3. Federal reserve district
P Rz3rilr
Date suspended
9
Town or City Bonesteel
Nov 4, 1925
1925
County Gregory
Population of town or city*
Member or nonmember of F. R. System____No -a_ri . en.b1
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
800
No
22
1
of suspension
6. Condition figures, as of (date*)
Loans and discounts:
$
On real estate
Other
14,410.81
241,267.25 .
Total loans and discounts
$ 255,678.06
Real estate acquired in satisfaction of debts
:;7 620 54
'
Investments
42,011.08
All other resources
36,150 74
_371,460.42
Total resources
Capital
25,000 00
9,150.29
Surplus and undivided profits
Deposits:
Due to banks**
q•7 5Q
Demand deposits, including U. S. Govt. deposits
135,512.91
Time deposits, including postal savings
168 397.18
)
$ 313,767_ 59
Total deposits
Borrowings from F. R. bank
22 850_00
Borrowings from other banks
692.54
All other liabilities
371,460_ 42
Total liabilities
7. Has this bank been reopened?
Date of reopening
yee
Feb. 4
If so give:
1926
Name under which reopened 'Oak°t a, State Bank , Bo nest eel
Amount of loss
Loss to depositors on:
Secured claims
Preferred claims
General claims
Total
$
Per cent of loss
to claims
/Irma
none
none
none
160,340.53
130%
1601 340.53
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
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Federal Reserve Bank of St. Louis
8. Has this bank been taken over by another bank'
If so give:
No
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation'
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
Total payments
Per cent of payments
to claims allowed
Secured claims. ... .
Preferred claims.. .
General claims
Total claims. . ..
10. Has this bank been finally liquidated? Re on:,fanizefi 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
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
X
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify). =or..price.s .far
...
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
Diversified farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
yes
If so, give dates and amounts of all assessments
100% assessment levied immediately following suspension .for the
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
purpose of raising new capital for reorganized bank.
•
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
in
State bank
Name of State
South Dakota
0 Trust company
O Stock savings bank
•
0 Mutual savings bank
O Private bank
Bank of Bovee
1. Name of bank_
2. Date organized
June 30,
1924
Date suspended
1917
3. Federal reserve district
Town or City Bovee
County Boyce
Population of town or city* 75
9
Member or nonmember of F. R. System
4. Number of branches operated: In city of parent bank____N°ne
Outside city of parent bank**
Nnr 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.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No
Non—member
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
On real estate
$
511006'0
63,778.62
Other
Total loans and discounts
$ 68,878.62
Real estate acquired in satisfaction of debts
22,200
\`\
Investments
All other resources
on
8,025.00
19,207 26
Total resources
11-8-421-0—a8_
Capital
20 ,On° _ CO
2,901 11
Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
28,869.10
60,223.25
Total deposits
$ 89,3'37_ 47
Borrowings from F. R. bank
Borrowings from other banks
6,000.00
72_ ao
All other liabilities
Total liabilities
7. Has this bank been reopened?
118,310 88
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?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Claims allowed
Payments from
guaranty fund
Dividends paid from
collections
Total payments
Per cent of payments
to claims allowed
_
6,000.00
6,000-00
None
6,000.00
100%
193.74
193.74
None
193..74
100%
General claims. . . 91,050 51
7,648.65
None
7,648.65
8.q.,
97,244.25
13,842.39
None
13,842.39
Secured claims
Preferred claims..
Total claims
10. Has this bank been finally liquidated?
No
/9,
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Secured claims. . . .
Preferred claims...
General claims
Total claims. . ..
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
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
Yes
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Contributing
cause
Yes
Insufficient diversification
•
Yes
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Yes
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?
Mostlyture
.
If so, state what industry or type of agriculture
flieat, oats lan.rley, corn and alfalfa.
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
Since about 1920.
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
Double stockholders' liability
bank suspended?after suspension, If so, give dates and amounts of all assessments
of which
100% assessment was demanded by Banking Department after suspension,
either reduced to
$2447.50 has been collected in cash and $17,552.50 was
jwi
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
nts_or_compromises.
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
•
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
9 National bank
Name of State
M State bank
South Dakota
9 Trust company
•
9 Stock savings bank
9 Mutual savings bank
9 Private bank
1. Name of bank Bank of Bowdle
2. Date organized
Feb. 21
1922
Date suspended
1891
3. Federal reserve district
Town or City
9
B
Ed
Population of town or city*1,209
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
County
?To
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
On real estate
Other
1E2,816-7_7.
Total loans and discounts
189 341.77
$
3,200.00
Real estate acquired in satisfaction of debts
\o
Investments
26,944.75
All other resources
32,676.21
252,162.73
Total resources
Capital
25,000.00
Surplus and undivided profits
21,949.60
Deposits:
Due to banks**
3,777.04
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
37,081.38
104,337.84
$ 145,196.26
Total deposits
Borrowings from F. R. bank
58,541.17
Borrowings from other banks
1,475.70
All other liabilities
252,162.73
Total liabilities
7. I-las this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
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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:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
If so give payments to date:
Yes
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... . 58,541.17
4541.17
58
None
58,541.17
100%
1.475.70
1,475.70
None
1,475.70
100%
Preferred claims
/6_
/3,72.0,57
General claims... /1
1_1394.27
125,822.34
141,216.61
03,731.4/1
75,411.14
125,822.34
9,
?e 3•
201,233.48
Total claims...
10. Has this bank been finally liquidated?
No
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims
Preferred claims...
General claims
Total claims.. ..
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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
X
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
•
X
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
X
Failure of affiliated institution (Name)
Failure of correspondent (Name)
.
Failure of large debtor (Name)
Other causes, (specify)..Deflation .in..pri.c.es .
p.M111.qtP
•
X
from the farm.
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 & 1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
y s —after
100% — $25.000.00
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Federal Reserve Bank of St. Louis
If so, give dates and amounts of all assessments
Reba— 1922
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
S
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
▪ National bank
Name of State
out,li Dakota
E State bank
[1] Trust company
El Stock savings bank
Eli Mutual savings bank
1:1 Private bank
1. Name of bank
2. Date organized
Peo)leo State Bank
1906
3. Federal reserve district
Date suspended
Town or City
Oct. 10,
1923
Bradley
Population of town or city* 400
Member or nonmember of F. R. System_ Non-member
9
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 Clark
6. Condition figures, as of (date*) of suspension
Loans and discounts:
On real estate
$___1.3,300_.00
160 559-.53
Other
$173,859.53
Total loans and discounts
(1,16,969.00
Real estate acquired in satisfaction of debts
Investments
18,212.58
All other resources
18,156.09
227,197.20
Total resources
Capital
10,000.00
Surplus and undivided profits
13,241.99
Deposits:
S
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
831.03
7
,7,110.00
136,742.27
174,683.90
Total deposits
Borrowings from F. R. bank
29,267.70
Borrowings from other banks
3,61
All other liabilities
227,197.20
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.
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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:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
Yes
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Secured claims. . . . 29,267.70
29 267.70
None
29,267.70
100%
Preferred claims...863.67
179,048.70
General claims. ..
863.67
None
863.67
100%
30,367.11
None
30,367.11
16.6ri.
60,498.48
None
60,498.48
.t7
Total claims. . . 209,180.07
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
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
0
X
Poor market
farm products
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?
Agricul ture
If so, state what industry or type of agriculture
Grain & Live Stock
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended.:
Yes
If so, give dates and amounts of all assessments
after suspension a 100% levied agai.st stockholders.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
,7)
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
•
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
O
National bank
Name of State
South Dakota
O State bank
O Trust company
265
O Stock savings bank
•
O
Mutual savings bank
O Private bank
Town or City Bradley
1. Name of bank Sfn -he Bnia7 - of Brodl Py
2. Date organized
1991
3. Federal reserve district
Date suspended
Mar 16
1926
Population of town or city*
Member or nonmember of F. R. System_
9
4. Number of branches operated: In city of parent bank
Non
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 Clark
No
400
Non—member
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
On real estate
S
Other
—96_6,
00
1154393
Total loans and discounts
$ 125 259_ 78
Real estate acquired in satisfaction of debts
39,287..95
so
Ni
Investments
11,400_ 'DO
All other resources
9,004.72
184,952.45
Total resources
Capital
10, 00 00
Surplus and'undivided profits
12,872_ 12
Deposits:
R,477.,2S
Due to banks**
Demand deposits, including U. S. Govt. deposits
69,628.18
Time deposits, including postal savings
71,034.02
$ 149,135.45
Total deposits
Borrowings from F. R. bank
12,490.60
Borrowings from other banks
454 28
All other liabilities
184,952.45
Total liabilities
7. Has.this bank been reopened?
No
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** 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:
No
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims'
General claims
Total
9. Is this bank still in process of liquidation?
Yes
If so give payments to date:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Secured claims. ...
12,490.60
12,490.60
Preferred claims. ..
13,130.68
General claims... .
Total claims. ..
Payments from
guaranty fund
Total payments
None
12,490.60
9,988.04
None
9,988.04
-1.3g,,,L14a,0_
20,188.15
None
20,188.15
143,77‘174_
42,666.79
None
42.666.79
Per cent of payments
to claims allowed
10. Has this bank been finally liquidated?
NO
_
100%
76./
.--6.,190
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
poor crops &
X
411
prices.
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?
Agriculture
If so, state what industry or type of agriculture
Crain & Live stock
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
19P1
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
after suspension a 100% assessment was levied on stockholders .
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
O
National bank
Name of State
El State bank
South Dakota
O Trust company
255
O Stock savings bank
•
O
Mutual savings bank
O Private bank
1. Name of bank State Bank of Brandt
2. Date organized
1906
3. Federal reserve district
Date suspended
9
Hrrncit
Town or City
Mar 30
1927
Deliel
Population of town or city* 600
Member or nonmember of F. R. System Non—mernher.
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
No
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
$
On real estate
24,485.23
20C.: 802-.91'
Other
$ 234,288.14
Total loans and discounts
Real estate acquired in satisfaction of debts
19,732.87
Investments
7,217.14
All other resources
16.532 58
277,770.73
Total resources
Capital
25,000_00
Surplus and undivided profits
19,7
52
Deposits:
469.58
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
48,192.52
163,412.18
$
Total deposits
212,074.28
Borrowings from F. R. bank
26,539.25
Borrowings from other banks
1,423.68
All other liabilities
Total liabilities
7. Has this bank been reopened?
277,770.73
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
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
'l'otal payments
Secured claims. .. .
26,539.25
25,539.25
None
25,539.25
Preferred claims. ..
1,423.68
1_,423 68
.
None
1,423.68
leirftev.74(
34,718.60
None
34,718.60
Total claims.. ..14,3).R.7/44_
61,681.53
None
61,681.53
Per cent of payments
to claims allowed
General claims.
10. Has this bank been finally liquidated?
Date liquidation was completed
Nn
100%
IC•fa_g_
.i5.
If so give:
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
,
Secured
claims
Preferred claims. . .
General claims. .. .
Total claims
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
Decline in real estate values
Y s
Contributing
cause
f_Lq tion
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
Ye
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 Ap,riculture
If so, state what industry or type of agriculture
Far i ng
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 direc ors or stockholders either before or after the
(00
bank suspended? yes before and 8incf, give date and amounts of all assessments
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1925 Ek 1927
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.
368
Type of bank reported—check
appropriate one of the following
National bank
Name of State
E State bank
South Dakota
O Trust company
Di Stock savings bank
•
O
Mutual savings bank
O Private bank
1. Name of bank FarYrers State Bpnk
2. Date organized
9th
4. Number of branches operated: In city of parent bank
Spink
132
Member or nonmember of F. R System!CM—rperriber
None
Outside city of parent bank**
NOnP
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 Nov 26 '30 Population of town or city*
1906
3. Federal reserve district
Town or City Brentford
No
NOV
6. Condition figures, as of (date*)
26, 1930
Loans and discounts:
$ 11,816.70
On real estate
Other
9P ,319 22
Total loans and discounts
108,135.92
$
Real estate acquired in satisfaction of debts
\\ 15,800_00
Investments
11,306.69
5,380.51
All other resources
140,623.12
Total resources
Capital
'5,000.00
2,842.53
Surplus and undivided profits
Deposits:
•Yone
Due to banks**
Demand deposits, including U. S. Govt. deposits
36,325 42
Time deposits, including postal savings
61,734 76
$
Total deposits
98,058.24
Borrowings from F. R. bank
23,606.69
Borrowings from other banks
1,115.66
All other liabilities
140,623.12
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.
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
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
22,000.00
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
12.2%
2f 702.05
None
2,702.05
1,115.66
None
None
None
None
General claims.. . . 98,058,_24
None
None
None
None
2,702.05
None
2,702.05
Secured
claims
Preferred claims
Total claims.... 121,164.910
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
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
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
X
•
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
X
Defalcation
Heavy withdrawals of deposits
X
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
•
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Ye
If so, state what industry or type of agriculture
Wheat farming
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
1926—
ye
If so, give dates and amounts of all assessments
1001 after suspension
1001
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
V State bank
O Trust company
0 Stock savings bank
S
Mutual savings bank
EJ
Private bank
1. Name of banketasteAtiLlt
2. Date organized
3. Federal reserve district
/
&II Town or City #14/?.4.
County_ J./
C Date suspended t-a2 -J92g Population of town or city*
/)
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
/32
qMember or nonmember of F. R. System_ii
4. Number of branches operated: In city of parent bank
AL
-
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
$ 19 ic
Real estate acquired in satisfaction of debts
1,
Investments
All other resources
r.2
Total resources
/
Capital
9,
;r4 1
(:
/
Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
Total deposits
$
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
Total liabilities
7. Has this bank been reopened?
Date of reopening
/79,
AO
If so give:
/2C
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 yossible, 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'
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
Total payments
Per cent of payments
to claims allowed
Secured claims. . . .
Preferred claims. ..
General claims. . ..
Total claims. ...
10. Has this bank been finally liquidated?
If so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured claims
Preferred claims
General claims. . . .
Total claims
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,
drought, boll weevil, etc.
•
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
•
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
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
63
0 National bank
Name of State
O State bank
O Trust company
O Stock savings bank
•
O
Mutual savings bank
O Private bank
j
;
t
fr.ks,
1. Name of ban
2. Date organized
3. Federal reserve district
own or City
County 1140-
er/7 Date suspended /6'-,2_5--/9.24Population of town or city*
9
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
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
$
Total loans and discounts
Real estate acquired in satisfaction of debts
7&
/
Investments
3,11
All other resources
Y
Total resources
Capital
54
Surplus and undivided profits
//
''6'
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
$
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
1--"0
Total liabilities
If so give:
7. Has this bank been reopened?
Date of reopening
/
— 14/—
F 26
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 claim (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,
drought, boll weevil, etc.
•
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc.
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failure of large debtor (Name)
•
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
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
Tci
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 South Dakota
O State bank
131
O Trust company
O Stock savings bank
•
O
Mutual savings bank
O Private bank
1. Name of bank Broadland State Bank
2. Date organized
1907
3. Federal reserve district
Date suspended
9
Town or City Broadland
Mar 31,
1924
County
Population of town or city*
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
Beadle
200
Non—utmber
of suspension
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
$
6i0000
1204708,37
Other
Total loans and. discounts
$ 127,408_ 37
Real estate acquired in satisfaction of debts
p 13,600.00
Investments
3,155.00
All other resources
11,2.97
Total resources
155,397.34
no
Capital
5,000_
Surplus and undivided profits
9,628_ 61
Deposits:
345.83
Due to banks**
Demand deposits, including U. S. Govt. deposits
43,06f).73
Time deposits, including postal savings
67,435.21
Total deposits
$ 110,843 77
Borrowings from F. R. bank
Borrowings from other banks
29,643 52
All other liabilities
281.44
Total liabilities
7. Has this bank been reopened?
19.5,3q7-34
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
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? _DB
(Amounts in dollars)
Claims allowed
General claims.
Total claims. . .
29,643.52
29,643.52
None
29,642-52
100%
281.44
None
281.44
1'o5
114,386.69
Preferred claims.
Payments from
guaranty fund
.
281 44
Secured claims. ..
Dividends paid from
collections
9
32,,26.4
None
32,326.49
62,251.45
None_
144,_311.65
10. Has this bank been finally liquidated? No
Total payments
_112,251.45
Per cent of payments
to claims allowed
283
-3- 1
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
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
•
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
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 suspen0
sion? fore part year 199
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended ?Ye s
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
after suspen:49EL give dates and amounts of all assessments
,
Stockholders Liability
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
in
State bank
Name of State
South Dakota
O Trust company
212
O Stock savings bank
• Mutual savings bank
O Private bank
1. Name of bank
2. Date organized
Midland State 13_711k
1922
3. Federal reserve district
Date suspended
9
4. Number of branches operated: In city of parent bank
Town or City
July 25
1925
Brookings
Population of town or city* 4,500
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
County Brookings
No
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
On real estate
6,750.00
Other
169.1.78,56
Total loans and discounts
$ 175,928.56
Real estate acquired in satisfaction of debts
Investments
22,096.14
All other resources
41,906 42
239 ,93L 12
Total resources
50,000.00
Capital
Surplus and undivided profits
11444
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
137,104.40
46 302.34
$ 18 ,406.74
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
5,300.00
All other liabilities
1 ,109 _ 94
239,931.12
Total liabilities
7. I-Ias this bank been reopened?
ITo
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
No
S. Has this bank been taken over by another bank?
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
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
5,300.00
5,300.00
None
5,300.00
100%
Preferred claims... 47,327.59
47,327.59
None
47,327.59
100%
General claints. ...37
126,899.62
None
126,899.62_
(72. i
Total claims.. .. MA
179,527.21
None
179,527.21
9 4
1/.
Secured 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
Dividends paid from
collections
.
Secured claims. . ..
Preferred claims.. .
General claims. .. .
Total claims.. ..
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
--
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Decline in real estate values
Contributing
cause
X
•
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of other
banks.
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? Ae,rieu1 tare1
If so, state what industry or type of agriculture
Fanning
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
Early part of 1924, or about the time of the suspension of the other
banks in this vicinity.
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
statutory double liability ibo
bank suspended? Nonia
TCeP t
If so, give dates and amounts of all assessments
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
):75'
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.
P
Type of bank reported—check
appropriate one of the following
111
National bank
Name of State
South Dakota
E] State bank
•
LI Trust company
D Stock savings bank
11] Mutual savings bank
LI Private bank
1. Name of bank
T171 n1,- of ally.
2. Date organized
1914
3. Federal reserve district
Date suspended
Town or City B
Nov 22
1926
9
Outside city of parent bank**
Bro
Population of town or city* 400
Member or nonmember of F. R. System
4. Number of branches operated: In city of parent bank
None
None
5. Was this bank a member of a chain or group? If so give the name of the chain or group
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
County
No
Non—member
s
of suspension
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
$
Other
1350;i25
137,212.90
145,716.15
$
Total loans and discounts
()4 28,438 81
Real estate acquired in satisfaction of debts
Investments
26,061_ 72
All other resources
24,709.74
224,926.42
Total resources
Capital
25,000_ 00
Surplus and undivided profits
15,295 77
Deposits:
935.41
Due to banks**
Demand deposits, including U. S. Govt. deposits
841261.90
Time deposits, including postal savings
83,565.99
$
Total deposits
168,763.30
Borrowings from F. R. bank
14,125.55
Borrowings from other banks
All other liabilities
1,741.80
224,926_42_
Total liabilities
7. Has this bank been reopened?
Date of reopening
ye A
If so give:
Jan. 10, 1927
Name under which reopened Bank. of Bruce
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
none
none
Preferred claims
none
none
General claims
Total
98,
9512.
75%
98,112.95
* 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. IIas this bank been taken over by another bank'
I Jo
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors.on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
No
9. Is this bank still in process of liquidation'
If so give payments to date:
(Amounts in dollars)
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?Reorganizefl 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
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
•
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
X
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)..p.ctor. p.r.i ces.1or..product s..rai
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
yes
If so, state what industry or type of agriculture
Diversified farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
yes
If so, give dates and amounts of all assessments
n
sus ension for the ourioe
of rpisine new capital for reorganized bank.
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
fl National bank
Name of State
South Dakota
Fj State bank
O Trust company
•
o
Stock savings bank
• Mutual savings bank
▪ Private bank
1. Name of bank Farmers State Bank
2. Date organized
1909
3. Federal reserve district
Town or City Prune
Date suspendedJune 14,1924 Population of town or city*-4.40._
9
Member or nonmember of F. R System_N°n—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
County Brookings
No
6. Condition figures, as of (date*) of susne-sion
Loans and discounts:
573.40
On real estate
182,159.17
Other
$ 182,732.57
Total loans and discounts
Real estate acquired in satisfaction of debts
20,000.00
Investments
8 936.50
All other resources
43,107.10
_254,776.17
Total resources
Capital
25,000.00
7,743 08
Surplus and undivided profits
Deposits:
166,24
Due to banks**
Demand deposits, including U.S. Govt. deposits
Time deposits, including postal savings
44,960.82
,
120,993.05
Total deposits
$ 166,123.11
Borrowings from F. R. bank
Borrowings from other banks
43,710.50
All other liabilities
12,199.48
254,776.17
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
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. . ..
43,710.50
43,710.50
None
43,710.50
100%
Preferred claims...
699.481
699.48
None
699.48
100%
,
2
General claims. . .. /4 f,Z 7,< i
58,588.15
None
58,588.15
;
Total claims.. 2d34 ogiil 102,998.13
None
10. Has this bank been finally liquidated?
Date liquidation was completed
No
102,998.13
31-,. 7
f
1 S. 3
1
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
Decline in real estate values
Contributing
cause
Inflation
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
X
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture? Mostly agricultural
If so, state what industry or type of agriculture Farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
1920
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?None
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
excppt
.
datiblA liability
it 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.
58
Type of bank reported—check
appropriate one of the following
• National bank
Name of State
El State bank
South Dakota
• Trust company
III Stock savings bank
• Mutual savings bank
Private bank
1. Name of bank
2. Date organized
Firy-Int qtq te EiP
Town or City Bryant
Nov 12
Date suspended 1926
1915
9
Population of town or city* 700
Non—member
Member or nonmember of F. R. System_
3. Federal reserve district
4. Number of branches
.operated: In city of parent bank
Outside city of parent bank**
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 Hamlin
No
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
$
On real estate
30195.00'
169,629.38
Other
$ 172,224- :z8
Total loans and discounts
Real estate acquired in satisfaction of debts
64,611.28
Investments
60,324 48
All other resources
26,022.68
Total resources
323,7R2.82
Capital
25,000 00
Surplus and undivided profits
19,159 63
Deposits:
390.24
Due to banks**
76,652.75
Demand deposits, including U. S. Govt. deposits
200,660.89
Time deposits, including postal savings
$ 277,703.88
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
1,919.31
Total liabilities
7. Has this bank been reopened?
Date of reopening
323,782.82
Yee
If so give:
Fel). 9, 19.27
Name under which reopened.
Amount of loss
" Per cent of loss
to claims
Secured claims
None
None
Preferred claims
None
Norte
General claims
175,7?8.18
Total
175,728.18
Loss to depositors on:
70%
* 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:
No
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?
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
Total payments
Per cent of payments
to claims allowed
Secured claims..
Preferred claims. .
_
General claims.. .
Total claims. ...
10. Has this bank been finally liquidated ?Reorganizeft so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
Secured claims.. ..
Preferred claims
General claims.
Total claims. . .
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Decline in real estate values
Contributing
cause
X
•
X
•
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)..poor..pries.far.products .raised
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
Diversified farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
10
yes
If so, give dates and amounts of all assessments
assessment levied immediately following suspension for the nurpose
_of_raisine new c. •tal_ for reorganized bank.
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
54
• National bank
Name of State
a] State bank
South Dakota
O Trust company
O Stock savings bank
•
O
Mutual savings bank
O Private bank
1. Name of bank Merchants State Bank
Nov 12
1926
Date suspended
2. Date organized 1918
3. Federal reserve district
Town or City
9
Bryant
H amlin
Population of town or city*nO
Member or nonmember of F. R. System_ Non—member
4. Number of branches operated: In city of parent bank_ N me
(
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
of susnension
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
$
18,800.00
Other
115,090.60'
Total loans and discounts
$ 1713,R90 60
Real estate acquired in satisfaction of debts
32,1
Investments
26,069.58
All other resources
32,364.16
Total resources
00
224,512-34
Capital
25,000 00
Surplus and undivided profits
20,393.87
Deposits:
968.62
Due to banks**
73,504.80
Demand deposits, including U. S. Govt. deposits
103,189.40
Time deposits, including postal savings
Total deposits
$ 177,632..82
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
1,48f 65
Total liabilities
7.1Ias this bank been reopened?
Date of reopening
224,513 34
YS
Feb. 9
Name under which reopened
Loss to depositors on:
If so give:
127
Bryant 5tte
Bank
Amount of loss
Pcr cent of loss
to claims
Secured claims
None
None
Preferred claims
None
None
General claims
89a79-49
Total
89,279.49
60%
* 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
yes
reorganization
If so give:
Bryant Stat Bank,
B5- ant,
South Dakota
1q I
Date taken over Feb. 9, 192/
Loss to depositors -on:
Per cent of loss
to claims
none
Secured claims
Amount of loss
one
Preferred claims
none
none
General claims
none
none
Total
n one
no
No
9. Is this bank still in process of liquidation?
If so give ayments to date:
(Amounts in dollars)
Dividends paid from
collections
Claims allowed
\
Payments frpm
guaranty fund
Total payments
Per cent of paymentF
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? Reorganize so give:
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Secured
claims
Preferred claims
General claims
Total claims
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Dividends paid from
collections
Payments from
guaranty fund
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
•
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
X
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify). poor prices for products raised
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
Diversified farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended ?
yes
If so, give dates and amounts of all assessments
100% assessment levied immediately following suspension for the purpose
of raising new capital for reorganized bank.
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
O
National bank
Name of State
South Dakota
M State bank
O Trust company
300
O Stock savings bank
•
O
Mutual savings bank
O Private bank
1. Name of bank_L_nerican. State Bank
2. Date organized
1907
3. Federal reserve district
Date suspended
9
Town or City Riirirp
County_Gre
igozy_
July 20
1927
Population of town or city*
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
700
Non—ember
of suspension
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
$ 30,666_ 74
Real estate acquired in satisfaction of debts
61,641_ 51
Investments
16,021 09
All other resources
32,648.21
170,977.55
Total resources
40,000_ 00
Capital
Surplus and undivided profits
a ,260 _ 52
Deposits:
3,028.20
Due to banks**
Demand deposits, including U. S. Govt. deposits
47092.71
Time deposits, including postal savings
57,156.38
Total deposits
$ 10a,177.29
Borrowings from F. R. bank
Borrowings from other banks
13,250.00
1,289_ 74
All other liabilities
170 ,_977.55
Total liabilities
7. Has this bank been reopened?
1,10
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
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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:
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
Secured claims. . . .
13,250.00
13,250.00
None
Preferred claims. . .
2,866.01
2,729.52
None
General claims. . ..
1 10_,.6.5.04
32,767.40
None
32,767.40
Total claims.. .. rIStiOlfST
48,746.92
None
Per cent of payments
to claims allowed
48,746.92
10. Has this bank been finally liquidated? N°
13,250.00
2,729.52.
100%
95.2%
6
Aq.
If so give:
Date liquidation was completed
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections
Payments from
guaranty fund
,
Secured claims. ...
Preferred claims
General claims. .
Total claims.
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Federal Reserve Bank of St. Louis
Total payments
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Decline in real estate values
Contributing
cause
X
•
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
X
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
To much land of small
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 Real Estate S eon]nti on
What was the approximate date of the beginning of the difficulty which ultimately caused the suspenJ.jfJ94
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
ht..n
,
Yes
If so, give dates and amounts of all assessments
re—organized May 1925 proceeds of sale of stock used to
eliminate
worthless assets
c-,tv P
4
-)4 -K
z
o
I t:'0 t
•
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
•
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks 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
South Dakota
O Trust company
O Stock savings bank
•
O
Mutual savings bank
O Private bank
1. Name of bank
2. Date organized
American State Bank
Burke
9
Member 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
County Gregory
Date suspended May 23 1924 Population of town or city* 700
1907
3. Federal reserve district
Town or City
6. Condition figures, as of (date)
of Suspension
Loans and discounts:
6,143.53
On real estate
222,282.80
Other
$ 2281426,33
Total loans and discounts
2_3,4918.44
Real estate acquired in satisfaction of debts
Ne\
()-
Investments
20,635.84
24;779.7p
All other resources
296,860.33
Total resources
40,000.00
Capital
Surplus and undivided profits
1,000 On
Deposits:
6,123.12
Due to banks**
Demand deposits, including U. S. Govt. deposits
901154.22
101,758.44
Time deposits, including postal savings
$
Total deposits
198,035.7A
Borrowings from F. R. bank
Borrowings from other banks
45,178.91
All other liabilities
12,645.64
Total liabilities
7. Has this bank been reopened?
Date of reopening
296,860.33
Yes
If so give:
Sept. 15,1924
Name under which reopened
Loss to depositors on:
American State Bank, Burke
Amount of loss
Per cent of loss
to claims
Secured claims
None
None
Preferred claims
Voile
None
General claims
None
None
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.
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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:
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? NO
(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 ?Reorganize& so give:
t, •
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed
Dividends paid from
collections .
Payments from
guaranty fund
Total payments
Secured claims.
Preferred claims
General claims. .
Total claims. .
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
Per cent of payments
to claims allowed
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
•
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
X
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)... general •deoline• •in• prices
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
Diversified farming
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% assessment levied following suspension to provide for new capital
for reorganized bank.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
rvi
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
14
National bank
Name of State
South Dakota
IN State bank
0 Trust company
O Stock savings bank
O
Mutual savings bank
O Private bank
1. Name of bank Burke State Bank
Nov 2
Date suspended 1925
2. Date organized 1905
3. Federal reserve district
Town or City Burk
Population of town or city* 700
Member or nonmember of F. R. System_1 on —member
1
9
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 Gr
No
6. Condition figures, as of (date*) of suspension
Loans and discounts:
$
On real estate
7,600,.00
219,327..62
Other
$ 226,927.62
Total loans and discounts
,46 84,543.75
Real estate acquired in satisfaction of debts
Investments
30,918.31
All other resources
39,016.60
Total resources
381,406 2Pt
Capital
50,000.00
Surplus and undivided profits
20,652 24
Deposits:
3,860.91
Due to banks**
111,371.32
Demand deposits, including U. S. Govt. deposits
96,879.85
Time deposits, including postal savings
$ 212,112 08
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
63,693.67
All other liabilities
34,948 29
381,406.28
Total liabilities
7. Has this bank been reopened?
Yes
If so give:
Date of reopening March 31,1926
Name under which reopened
Burke State Bank, Burke
Amount of loss
Loss to depositors on:
Secured claims
Preferred claims
$
Per cent of loss
to claims
none
none
none
none
General claims
154,311193
Total
154,311.93
20%
* 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
b. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
No
9. Is this bank still in process of liquidation?
If so give payments to date:
(Amounts in dollars)
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 ?Reorganizef3f 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
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
Decline in real estate values
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
•
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
- Heavy withdrawals of deposits
X
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)... p.00r. p.rices .for..oroducts..raisad.
-
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
Diversified farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
yRs
If so, give dates and amounts of all assessments
100% assessment levied immediately following suspension for the purpose
_gf raising new capitel for reorgnnized bank.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
7c7
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
12
7
,
National bank
Name of State
Ei State bank
t
South
O Trust company
0 Stock savings bank
•
O
Mutual savings bank
O Private bank
1. Name of bank Bushnell. State Bank
2. Date organized
1922
3. Federal reserve district
Date suspended
9
Town or City
Feb. 11,
1924
Bushnell
County
Population of town or city* 150
Non-member
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 group10
* Latest census 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
Brookin.g
of suspension
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
$
300,00
33 824 06
;
Other
Total loans and discounts
$ 37,324.06
Real estate acquired in satisfaction of debts
*(}
Investments
5,000.00
All other resources
27,2R0
on
_69,604.06
Total resources
Capital
15,000 00
1,5()0.00
Surplus and undivided profits
Deposits:
$
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
858.08
47 399.33
)
4,502.75
$ 52,760 16
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
343.90
All other liabilities
69,604.06
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
8. Has this bank been taken over by another bank?
No
If so give:
Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
Total
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
a
o
Payments from
guaranty fund
Total payments
None
0
None
343.90
26,499.87
None
26,499.87
53,222.23 _26,843,77
Secured claims. ..
None
26,843.77
343.90
343.90 _
Preferred claims
General claims...
Total claims.
Per cent of payments
to claims allowed
52,878.33
10. Has this bank been finally liquidated?
Date liquidation was completed
No
100%
4-- 0),
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
Decline in real estate values
Contributing
cause
X
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
•
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
X
Failure of correspondent (Name)
X
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?
AEriexi1tur1
If so, state what industry or type of agriculture Farming
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? No difficulty of aay consequence until the cloing of the Bank of
Brookings, an affiliated bank.
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended? None, except
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
statutory double liability.
If so, give dates and amounts of all assessments
40- •1A4P-4/4.,)
Cfi
VV\ '
I
ti-74A
c J
Cl
r
etA.,
FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING
BANK SUSPENSIONS SINCE JANUARY 1, 1921
•
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.
Type of bank reported—check
appropriate one of the following
•
• National bank
Name of State
El State bank
South Dakota
rj Trust company
•
[I] Stock savings bank
▪ Mutual savings bank
1:::] Private bank
1. Name of bank Farmera_&: :lerchants State Banl
'Town or City Bushnell
2. Date organized
1905
3. Federal reserve district
Date suspended
9
July 31
1922
County
Population of town or city*
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
Brookings
150
Non—member
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
On real estate
$ 10,00_00.
110,97.66
Other
$ 120,997.66
Total loans and discounts
\ 9,324.60
Real estate acquired in satisfaction of debts
\)1
Investments
5,742.32
22,627.32
All other resources
_158,691.90
Total resources
Capital
21,000.00
Surplus and undivided profits
1n*S7
Deposits:
Due to banks**
$
629,94
Demand deposits, including U. S. Govt. deposits
88,896.67
Time deposits, including postal savings
34,026.68
$ 123,553.29
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
605,69
All other liabilities
153,691.90
Total liabilities
7. Has this bank been reopened?
If so give:
Date of reopening
Name under which reopened
Loss to depositors on:
/Q4A-44-1
Amount of loss
Per centllo
to clail j.
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
G4A4ii •
stil
NO
44cliquidation ?
If so give payments to date:
i
'
-
(A))
,
--k..A1-kk
- is wed
Pi. I.
Dividends paid from
ccillections
Payments from
guaranty fund
Total payments
Per cent of payments
to claims allowed
.
CID 0-14)-A/TA'' ie
11
Secured claims. .. .
Preferred claims. . .
•
General claims. .. .
Total claims. .. .
If so give:
10. Has this bank been finally liquidated?
Yes
Date liquidation was completed NOV. 3, 1928
Collections:
$ 135,743.94
From liquidation of assets
:one
• From assessments on shareholders
None
Other collections (explain)
135,748.94
Total collections
None
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
.
42,141.72
42,141.72
None
42,141.72
100%
Preferred claims...
605.69
605.69
None
605.69
100%
81,411..37
None
81,411.37.
81,411.37
10C4
Total claims. ... _124,158.78
42,74741
81,411,37
12/1,158.78
Secured claims
General claims....
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
) Clo
11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.
Primary
cause
Contributing
cause
X
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
X
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)....poor..crop.s
X
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
Yes
If so, state what industry or type of agriculture
Diversified 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
after suspension a 100% levied against stockholders
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
• National bank
Name of State
El State bank
South Dakota
• Trust company
322
• Stock savings bank
•
• Mutual savings bank
▪ Private bank
1. Name of bank
S*_tJIte Bank of Butler
2. Date organized
1 cgi3
3. Federal reserve district
Date suspended
Butler County Day
Town or City
Mar 4,
1930
Population of town or city*
Non—member
Member or nonmember of F R. System_
4. Number of branches operated: In city of parent bank__
Outside city of parent bank**
None
one
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
156
No
6. Condition figures, as of (date*)
of suspension
Loans and discounts:
$
On real estate
9,072.30
•,
53,233.19
Other
Total loans and discounts
$-62-30.5-219
15,46 98
Real estate acquired in satisfaction of debts
,
tr
Investments
5 ,m38 41
All other resources
5,1.76.96
Total resources
88,637_ 84
15 ,00çL 00
Capital
298 94
Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including Ti. S. Govt. deposits
19,773.68
Time deposits, including postal savings
47,849.67
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
5,000.00
All other liabilities
715,55
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. 11as this bank been taken over by another bank? 1,1_0
If so give:
Name of bank by which taken over
• Date taken over
Loss to depositors on:
Amount of loss
Per cent of loss
to claims .
Secured claims
Preferred claims
General claims
Total
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
Secured claims. .
5,000.00
5,000.00
lione,
Preferred claims .
None
None
None
67
General claims.. .. _7,789.25
5,691.03
None
5,691.03
72,789.25
10,691.00
None
10,691.00
Per cent of payments
to claims allowed
Total claims.. .
10. Has this bank been finally liquidated?
No
5,000.00
None
iy. '7
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
Poor crops &
•
prices
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? Agriculture
If so, state what industry or type of agriculture
Grain & Live Stock
What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?
1921
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
Yes
If so, give dates and amounts of all assessments
reorganized with new capital in 1926
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
• National bank
Name of State
(2/ State bank
El Trust company
Stock savings bank
•
• Mutual savings bank
D Private bank
1. Name of ban
2. Date organized
3. Federal reserve district
Town or City
v
County_
924 Population of town or city*
/913 Date suspended
C
\
ardi
Nlember 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
/
6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts
$
Real estate acquired in satisfaction of debts
92
a4
3,D4V
Investments
All other resources
7, '
/‘
Total resources
1c;0
Capital
Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
$
Total deposits
Borrowings from F. R. bank
Borrowings from other banks
All other liabilities
7,
Total liabilities
If so give:
7. Has this bank been reopened?
Date of reopening
r-/9 _
-2
4
Name under which reopened
Loss to depositors on:
Amount of loss
Per cent of loss
to claims
Secured claims
Preferred claims
General claims
(1
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
**Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.
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
If so give:
10. IIas this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claim (loans paid, etc.)
Payments to depositor:
(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
I. cause
Contributing
cause
Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drought, boll weevil, etc.
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Name of correspondent (Name)
Failute 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
