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Federal Reserve Bank of St. Louis

421.11-6 - bank Suspensions Since Jan 1 1921
Va Z
Nonmember State Banks 1:iashington
Committee on Branch Group & Chain Banking

7'W(7.1f7cco

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

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

National bank

Name of State

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

Washington

Mutual savings bank

O Private bank

1. Name of bank

2. Date organized

Hayes &

s, Bankers

5-7-04

3. Federal reserve district

Date suspended

Town or City

2-7-27

12

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

a

Aberdeen

Population of town or city*

Member or nonmember of F R System_

None

Outside city of parent bank**

None

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

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


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Federal Reserve Bank of St. Louis

County

None

Grays Harbor

20,000

Non-member

1-10-27

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

Not segregated

On real estate
Other

$

Total loans and discounts

2 245

Real estate acquired in satisfaction of debts
0

Investments

3 878 813

169 317

1
2 /36

684 318

All other resources

4 734 693

Total resources
Capital

300 000

Surplus and undivided profits

259 131

Deposits:
$

Due to banks**

75 183

Demand deposits, including U. S. Govt. deposits

2 585 389

Time deposits, including postal savings

1 357 346
$

Total deposits

000

Borrowings from F. R. bank

150 822

Borrowings from other banks

6 817

All other liabilities

4 734 693

Total liabilities

7. Das this bank been reopened?

4 017 921

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 shotild be as of date of suspension, if possible, 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?

Yes

If so give payments to date:

(Amounts in dollars)
Claims allowed

Secured claims. .. .
Preferred claims. ..

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Not segre ated
31 046

31 046

31 046

100%
'7j. 60%

General claims. . . . 3 623 310

2 146 572

2 146 572

Total claims. . . . 3 654 356

2 177 618

2 177 618

•57.57

If so give:

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

(Amounts in dollars)
Claims allowed

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


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Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

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

Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)....1:1QPIQr.13X.RWA. Prilicfcl lines

X

Other causes, (specify)

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

Lumber and shipbuilding.

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? Heavy loans to local organizations have been rule since 1909 - resourcefulness in liquidation of them always averted a crisis.
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?After suspension

If so, give dates and amounts of all assessments Usual

100 miperdded liability assessment $300,000. (Large sums have been eliminated
0
through earnings.)


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

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

Washington

Mutual savings bank

O Private bank

1. Name of bank

2. Date organized

Citizens Bank

Town or City Anacortes

2-18-07

1-7-22

3. Federal reserve district

Date suspended

Twelfth

Population of town or city*

Outside city of parent bank**

none

none

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

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


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Federal Reserve Bank of St. Louis

Skagit

5 000

Member or nonmember of F. R. System_ nonmember

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

•

County

none

6. Condition figures, as of (date*)

1-7-22

Loans and discounts:
On real estate

24,000
19 7,078

Other

$ 221 078

Total loans and discounts

3 800

Real estate acquired in satisfaction of debts
3q0j

Investments

(c.Lf

119 186
76 831

All other resources

420 895

Total resources

25 000

Capital
Surplus and undivided profits

5 015

Deposits:
60

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

181 959

Time deposits, including postal savings

180 208
$ 362 227

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

27 750

All other liabilities

30 917
420 895

Total liabilities
yes

7. has this bank been reopened?
Date of reopening

If so give:

3-6-22

Name under which reopened

Citizens Bank

Loss to depositors on:

Amount of loss
none

Secured claims

none

Preferred claims
General claims
Total

Per cent of loss
to claims

'.\L\

120 723

334/3

120 723

33-1/3

* Condition items should be as of date of suspension, if possible, 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
no

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Dividends paid from
collections

Claims allowed

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

10. Has this bank been finally liquidated?

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

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 cd-eutezFiser Qt.o,
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?

11110

no

If so, state what industry or type f agriculture

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

Bank was incompetently rianaged from its incorporation.
passed from the town, it became more deeply involved.

When the boom

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

yes

when bank closed.

If so, give dates and amounts of all assessments

In process

In reorganization stock was forfeited, and capital was

increased to 05,000, from ,25,000. (Bank absorbed large losses thru earnings
which were excellent)


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

14

National bank
Name of State

KI State bank
O Trust company
O Stock savings bank
O

o

WASHINGTON

Mutual savings bank
Private bank

•
1. Name of bank

State TTPrar of Black DiamondTown or City Black Diamond, County King

2. Date organized 4-18-14

3. Federal reserve district

Date suspended

Twelfth

5-13-21

Member or nonmember of F. R. System

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

•

Population of town or city* Not blown,
small mining town, possibly 300.

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

.L. one

non—member

543-21

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

22,500

Other

44629
67 129

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

15 390
(lc\

All other resources

12 272
559
114 350

Total resources

12 000

Capital

900

Surplus and undivided profits
Deposits:
1 078

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

26 301

Time deposits, including postal savings

63 153
90 532

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

3 700

All other liabilities

7 218

Total liabilities

7. Has this bank been reopened?

IT°

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?

llo

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?

170

If so give payments to date:

(Amounts in dollars)
Dividends paid from
collections

Claims allowed

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

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

Yes

If so give:

3-12-25

Collections:
50 423

From liquidation of assets
From assessments on shareholders

1 000

Other collections (explain)
51 423

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

33 322

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

Paid fm offsets

Secured claims
Preferred claims
General claims
Total claims

' 128
4

724

22 525

22 525

174
3

128 724

22 525

22 525

17i

* Discrepancy as to Liabilities as dpte of failure, and claims, arose through
embezzlement of securities, etc., uncovered in process of liquidation.

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

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

,Primary
cause

Contributing
cause

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

X
X

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

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

no

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspenPram date of organization (conversion fm private bank) had been under
sion?
criticism, several changes of management with unstable financial backing.

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

1918

100%, $12,000, and 1919, 100%, $12,000, with usunl,superadded liability
after suspension, $12,000.


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Federal Reserve Bank of St. Louis

•

FEDcRAL FtY:!>FT-VE BANK OF SAN
PrMANCI:

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

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

31_

National bank
Name of State

EJ State bank
O Trust company
O Stock savings bank

Washineton

0 Mutual savings bank
O Private bank

•
1. Name of bank

2. Date organized

Bridgeport State Bank

3-22-06

3. Federal reserve district

Town or City

Date suspended 9-28-23

12

Bridgeport

Population of town or city*

Douglas

500

Member or nonmember of F R. System_nonre mbar__

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

County

none

9-28-23

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

not segregated

On real estate
Other

150 184

Total loans and discounts

2 623

Real estate acquired in satisfaction of debts
Investments

15 7/

6 858

LH-

29 094

All other resources

188 758

Total resources

25 000

Capital

10 000

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

'74 343

Time deposits, including postal savings

22 091
96 434

Total deposits
Borrowings from F. R. bank

56 620

Borrowings from other banks

704

All other liabilities

188 758

Total liabilities

7. Has this bank been reopened?

no

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

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

no

If so give:

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
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

Secured claims. .
Preferred claims..
General claims. ...
Total claims.. ..
'
10. Has this bank been finally liquidated?

yes

If so give:

Date liquidation was completed 2-19-27
Collections:
22 518

From liquidation of assets

9 527

From assessments on shareholders

9 375

Other collections (explain)

41 420

Total collections

41 858

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

Secured claims..
Preferred claims...


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Federal Reserve Bank of St. Louis

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Not re-norted as to port ons Paid frorr general. clairis
....

General claims.. .. 107 918
Total claims.

Dividends paid from
collections

OL
22 083

—

22 083

11. Causes of suspension:
Check in the appropriate column those of 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..PPAOPAlw..c.r9p..rai lure
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

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

yes

If so, state what industry or type of agriculture

wheat farmine;

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

1920 - bank was becoming over-extended, unable to collect advances.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended? after suspension If so, give dates and amounts of all assessments
10.0


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

usual

ill

..':711f.-7Y7AL

Arw oF

AN FPANte.ISCO

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

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

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

National bank

EJ

State bank

Name of State
Trust company

ID Stock savings bank

El Mutual savings bank

Washinton

CI Private bank

•
1. Name of bank

2. Date organized

Miners Ec. Merchants Bank

7-22-07

3. Federal reserve district

Date suspended

1
-10 25
-

Chelan

Population of town or city*

No

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

Chelan

900

Nonmember
Member or nonmember of F. R. System_ -

12

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

•

Town or City

No

1-10-25

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

22 045

On real estate

138 522

Other

160 567

Total loans and discounts

12 055

Real estate acquired in satisfaction of debts
1

Investments

39 023

qi5

132 756

All other resources

344 401

Total resources
Capital

25 000

Surplus and undivided profits

45 907

Deposits:
108

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

192 915
77 193
V
` -267
-270 109
$

Total deposits

Alb SIM, OM

Borrowings from F. R. bank
owes,

Borrowings from other banks

3 385

All other liabilities

344 401

Total liabilities

7. IIas this bank been reopened?

Yes

Date of reopening

If so give:

1-28-25

Bank
Name under which reopened Miners & Merchants
Bank was re-opened soon as losses thru defalcation could be ascertained. These
Per cent of loss
were met by stock assessment.
to claims
Amount of loss
Loss to depositors on: no losses
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.

c•LO 7 a

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Federal Reserve Bank of St. Louis

C- - r" L. vt17

o

61,

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

If so give:

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

Per cent of loss
to claims

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

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Dividends paid from
collections

Claims allowed

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

_

Secured claims. ..
Preferred claims

•

General claims. ..
Total claims...

10. Has this bank been finally liquidated?

If so give:

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

-

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

Primary
cause

Contributing
cause

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

of Cashier

X

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

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

41P

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? Defalcation existed over period of years (5). Stockholders paid in 100%
assessment, and bank being solvent was permitted to re-open.
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?


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Federal Reserve Bank of St. Louis

If so, give dates and amounts of all assessments 100% or
$25,000.

•

f)F SAN F'PANCISKIC

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

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

in State bank
El Trust company

O Stock savings bank
O

Mutual savings bank

Washington

O Private bank

•
1. Name of bank

2. Date organized

Colfak State Bank

10-19-08

3. Federal reserve district

Date suspended

12

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

Town or City

2-25-29

Colfax

Population of town or city*

3,000

Member or nonmember of F. R. System None-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 Whitman

None

1-28-29

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

$

On real estate

Not segregated

Other
$

Total loans and discounts
Real estate acquired in satisfaction of debts

37 900

6--o ?T 7
)

Investments

307 399

43 498

3

73 099

All other resources

461 895

Total resources

60 000

Capital

9 100

Surplus and undivided profits
Deposits:
$ 4 643

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

170 445

Time deposits, including postal savings

156 243
$

Total deposits

331 332

Borrowings from F. R. bank
Borrowings from other banks

43 463

All other liabilities

18 000
461 896

Total liabilities

7. Has this bank been reopened?

No

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

No

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

If so give:

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

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Dividends paid from
collections

Claims allowed

Secured claims. . ..

Not repor ed as to porti

Preferred claims...

303 063

s paid from

Total payments

Per cent of payments
to claims allowed

eneral claims.

22 467

General claims. . ..

Payments from
guaranty fund

75,826

75 826

-,Total claims. . .. 3Q6 ,-. 0
i

25%

75?(
, ,,

10. Has this bank been finally liquidated?

If so give:

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

Secured

claims

Preferred claims
General claims
Total claims


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

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

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

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

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

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension ? Continued over period of years - abstraction from safe deposit boxes,
and other securities.
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 In 1923,

assessment $16,500; in 1924 $2,513; and 1926 $10,000.
assessment following failure $60,000.


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

Superaded liability

•

NEOERAL FlESF,RIVE HANK OF s
A r4

F

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

a

Name of State

State bank

O Trust company
O Stock savings bank
O Mutual savings bank

Washington

O Private bank

•
1. Name of bank

2. Date organized

Bank of Colville

6-22-1900

3. Federal reserve district

Date suspended

Town or City

12-6-28

12

Colville

County

Population of town or city*

Stevens

2,000

Member or nonmember of F R. System_n°11-member

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

None

Outside city of parent bank** One - Kettle Falls Branch located at
Kettle Falls - 3 to 5 miles from Colville.

O

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.

Organized by C. W. and T. Winter group with banks at Chewelah and Springdale.

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

sco

6. Condition figures, as of (date*)

12-7-28

Loans and discounts:
$

On real estate

Not segregated

Other
$

Total loans and discounts

3'75 240
56 157

Real estate acquired in satisfaction of debts
Investments

165 231

All other resources

109 46t3
706 096

Total resources

100 000

Capital

17 640

Surplus and undivided profits
Deposits:
$

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

7 156
395 249
170 718
$

Total deposits

573 126

Borrowings from F. R. bank
411•41M,

Borrowings from other banks

15 327

All other liabilities

706 096

Total liabilities

7. Das this bank been reopened?

'To

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
Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Secured claims. . . .

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Not reported as to porti n paid by general funds.

Preferred claims...1 348

1 348

1 348

100%

420 000

252 000

252 000

60%

421 348

253 348

253 348

General claims. ...
Total claims. ..

10. Has this bank been finally liquidated?

13

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

X

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify).. 144)=P. ake.n. tr.Q111. XC.110.11gq .N0.14110,-1,
Bank, correspondent, which failed

X

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

•

No

If so, state what industry or type of agriculture

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

Bank had been badly involved since 1923

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

Yes

If so, give dates and amounts of all assessments

1923 paid $75,000 (75%), and usual superadded liability assessment following
failure


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

100% - $100 000.

•

C31-

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

O State bank
O Trust company
O Stock savings bank
O

as hi ngton

Mutual savings bank

LI Private bank

.
1. Name of bank Colville Loan & Trs Co.

6-2609
2. Date organizedDate suspended

3. Federal reserve district

12

Town or City

8-1-23

Colville

County

Population of town or city*

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

2000

Member or nonmember of F R. System_ nonmember

4. Number of branches operated: In city of parent bank_n one

•

Stevens

no

8-1-23

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

$ Not segregated

On real estate
Other

$ 259 912

Total loans and discounts

19 965

Real estate acquired in satisfaction of debts

2-S

Investments

77

28 965
61 107

All other resources

369 948

Total resources

25 000

Capital

868

Surplus and undivided profits
Deposits:
$

Due to banks**

9 519

Demand deposits, including U. S. Govt. deposits

153 252

Time deposits, including postal savings

133 544
$ 296 316

Total deposits
Borrowings from F. R. bank

45 746

Borrowings from other banks

2 018

All other liabilities

369 948

Total liabilities

7. Has this bank been reopened?

no

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

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

If so give:

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total
no

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

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

yes

If so give:
7-25-28

Collections:
$ 144 347

From liquidation of assets

7 770

From assessments on shareholders
Other collections (explain)

Sale remaining assets

6 500
158 617

Total collections
$

Offsets to claims (loans paid, etc.)

74 083

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

Not reported on as to por,ions paid fr
7 670

7 870

Total payments

Per cent of payments
to claims allowed

enera_ i. se
7 670

loo,on

4-11.3
297 440

124 112

124 112

305 110

131 782

131 782

1+3.11

11. Causes of suspension:
Check in the appropriate column those of 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,
crop failures
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation

Of..presideu.t

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

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

or agriculture?

wheat

If so, state what industry or type of agriculture

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

1919 bank showed over—extension to same degree .

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

75% assessment (only partially paid in
100% or $25,000.


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

10,400)

In 1923

Following failure, usual

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

Type of bank reported—check
appropriate one of the following

18

O National bank
al State bank

Name of State

O Trust company
O Stock savings bank
O

77.A.S

Mutual savings bank

O Private bank

•
1. Name of bank_ Farmers State Bank

2. Date organized

4-2-15

3. Federal reserve district

Date suspended

Twelfth

Town or City

11-8-21

Connell

County Franklin

Population of town or city*

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

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

None
iTone

•

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

800

None

11-7-21

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

$

On real estate

Not segregated.

Other
153 063

Total loans and discounts
Real estate acquired in satisfaction of debts

I

Investments

10 283

All other resources

22 453

Total resources

185 799

Capital

10 000

Surplus and undivided profits

19 761

Deposits:
6 260
49 114

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

33 414
88 788

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

54 252

All other liabilities

12 990

Total liabilities
7. Has this bank been reopened?

09
1.85 7
NO

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

No

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

If so give:

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

Per cent of loss
to claims

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

No

If so give payments to date:

(Amounts in dollars)
Dividends paid from
collections

Claims allowed

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Secured claims
Preferred claims..
General claims
Total claims

10. Has this bank been finally liquidated?

Yes

If so give:

7-25-27

Date liquidation was completed
Collections:

45 543

From liquidation of assets
From assessments on shareholders

5 812

Other collections (explain). sale •remaining assets

1 505
52 860

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

$

76 427

Payments to depositors:
(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Not segregated as
Secured claims
Preferred claims
General claims. . . .
Total claims....


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

Payments from
guaranty fund

Total payments

o portions paid fm collections

650

650

650

80 006

19 612

19 612

80 656

20 262

20 262
•

Per cent of payments
to claims allowed

100%
24.5%

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc $1,1ccessive crop failures in
poor wheat district
Insufficient diversification
Incompetent management, i.e., poor credit judgmenti laxity in collections,
lack of enterprise, etc erzhaustion of credit with corresp.

X

X

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

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

•

Yes

If so, state what industry or type of agriculture

Wheat farming

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

Evidence of frozen paper developed in 1920.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended? Date of failure If so, give dates and amounts of all assessmentc

One

assessment just previous to failure not collected. Superadded liability
assessment followed failure, $10,000.


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

•

FEDERAL

BANK OF SAN FRAnc•ASCO

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

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

El Stock savings bank
El Mutual savings bank
El Private bank

Washington

•
1. Name of bank

2. Date organized

Coulee State Bank

15°9—

3. Federal reserve district

Date suspended 143-23

12

County

Population of town or city*

Member or nonmember of F. R. System_

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

•

Town or City Coulee City

Grant

200

nonrember

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

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.

Organized in part by group controlling Wilbur State Bank, this group then held half
or more of stock.

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

6. Condition figures, as of (date*)

11-25-22

Loans and discounts:
$

On real estate

not ae_gre_en tad

Other
121 237

Total loans and discounts
Real estate acquired in satisfaction of debts
12 1
-13f
es
,7„

Investments

3 125
28 592

All other resources

152 954

Total resources

25 000

Capital

1 820

Surplus and undivided profits
Deposits:
$

Due to banks**

1 097

Demand deposits, including U. S. Govt. deposits

43 289

Time deposits, including postal savings

40 317
84 696

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

25 900

All other liabilities

15 538
162 954

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

but by directors
• No!
If so give:
8. Has this bank been taken over by another bank?
Name of bank by which taken over Liquidation of this bank was taken over by directors
sometime within 90 days after failure. Directors obtOned assiEnmnts of all
t ,pa f. claims, which department paid in full. (Court action instituted to
vp
lest legaYity of act, which was upheld.) No reports on file as to final liquidation but correspondence( complaint s) state nothing was received,
i-er cent of loss
Loss to depositors on.
by depositors.
Amount of loss
to claims
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

Ifiso give payments to date:

no

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Per cent of payments
to claims allowed

Total payments

_

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

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

yes

If so give:

See above

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

Per cent of payments
to claims allowed

Total payments

Secured claims

I

..II
Vf V

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


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

,

fi A- I

i
/
1r

,.

li

(-

k4 YA

11. Causes of suspension:
Check in the appropriate column those of 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...cr9D.

. a.1u s

Insufficient diversification
Incompetent management, i.poor credit judgment, laxity in collections,
oo liberal credit
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?

•

7-33

If so, state what industry or type of agriculture

Dry wheat farming

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

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

of 40,000 in 1922. The superadded liability assessment following failure
was avoided through dir ctors taking assignments of claims, and liquicating
bank themselves. (Examiner states that early in 1922 directors took out some
$70 000 of paper, but-that theytook bt


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

•

:=TUIFRAL tsr.:;.SET-VF meows OF SAN FRANCifLC —I •

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

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

26

National bank
Name of State

a State bank
El Trust company
• Stock savings bank

O Mutual savings bank
O Private bank

1. Name of bank

2. Date organized

Washineton

Grant County Bank

3-14-14

3. Federal reserve district

Town or City

County

Grant

Population of town or city* Not known,
Date suspended 10-10-22
small wheat shipping point, (300?)
12

Member or nonmember of F. R. System_nonmeraber

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

•

Ephrata

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 Yes—that is its
president was major stockholder in two other banks (E.C.Davis), Renton State Bank,
and(one other), also affiliated thru Ericksons of Farmers State Bank of Krupp, now
Vuch trading of paper threat-ued other two Uenks of this tri
Yarlin.
le
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.

Group

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Federal Reserve Bank of St. Louis

3-10-22

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

$

On real estate

Not segregated

Other
$

Total loans and discounts

6 350

Real estate acquired in satisfaction of debts

( j03 2,
I 03

Investments

134 874

28 158
15 023

All other resources

184 405

Total resources

15 000

Capital
Impaired

45g6

Surplus and undivided profits
Deposits:
$

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

2 565
109 996
12 690
$ 125 251

Total deposits
Borrowings from F. R. bank

48 750

Borrowings from other banks

184 405

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:

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total
no

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
.
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Secured claims.
Preferred claims. .

-

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

10. Has this bank been finally liquidated?

Yes

If so give:

5-15-28

Date liquidation was completed
Collections:

17 466

From liquidation of assets

992

From assessments on shareholders
Other collections (explain)

4 140

Sale remaining assets

22 598

Total collections

96 669

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

Not renorted as to portions paid from collections
3 510

3 510

3 510

_80 721

6 at9

6 859

84 231

10 369

10 369

100%
alfo
1 . a') I

11. Causes of suspension:
Check in the appropriate column those of 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
Crop_fai1Ares.„ frPzea paper
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).. .Qther .banic.failure.a .in. =Linty.

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

yes

If so, state what industry or type of agriculture

Wheat farming

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

1919 became over-extended.

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

yes

of capital (0,000) in 1922.
in 1922 - $15,000.


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

If so, give dates and amounts of all assessments

00%

Usual superadded liability after suspension

•

FFDERAL

BMW. OF SAN Fir!An',

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

Type of bank reported—check
appropriate one of the following

tylpj
v`,.)

0 National bank
Name of State
O State bank
O Trust company

D Stock savings bank
0 Mutual savings bank

ashingt 014

O Private bank

Citizens State Bank
1. Name of bank_

2. Date organized

4-9-19

3. Federal reserve district

Date suspended

12

Town or City Grandview

12-9-22

Population of town or city*

1000

Member or nonmember of F R. System_nonnniber

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 Yakima

no

9-8-22

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

9 180

On real estate
Other

63 023
72 203

Total loans and discounts
Real estate acquired in satisfaction of debts

6 065
13 150

26„ 353

Investments

28 207

All other resources

119 715

Total resources

20 000

Capital

5 404

Surplus and undivided profits
Deposits:
5 861

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

49 281

Time deposits, including postal savings

11 317
63 604

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

19 850

All other liabilities

10 857
119 715

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
no

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Dividends paid from
collections

Claims allowed

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

10. Has this bank been finally liquidated?

yes

If so give:

1-10-29

Date liquidation was completed
Collections:

48 091

From liquidation of assets

6 588

From assessments on shareholders

201

Other collections (explain)

54 880

Total collections

51 090

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

Claims allowed

Secured claims
Preferred claims...

d
452

as

4

45",
)

a

Payments from
guaranty fund

:
a• ' •

a.
" •1
.

Total payments

-

etionc

23 506

23 506

Total claims. .. . 48 367

23 958

23 958


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

100%

452

47 915

General claims

Per cent of payments
to claims allowed

Lfq,0 L

50%

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc.3ucces,-ive..crop..failuxes
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits

Gradual

Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
1
Other causes, (specify).. .T:4iP.71-,Rage t
t

.

.

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

0
1

yes

If so, state what industry or type of agriculture

fruit

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

Never was in stable condition from incorporation.

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

one

voluntary 20%, ,4,000 in 1920, one levied by Dept. 75%, in 1921, :
Il_a_ono


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

g

Name of State

State bank

0 Trust company

El Stock savings bank
Washington

0 Mutual savings bank
Ell Private bank

•
1. Name of bankilLartline St ate Bank

Town or City

2. Date organized 4-15-03

10-25-27 Population of town or city*ilL500

3. Federal reserve district

Date suspended

12

Hartline

Grant

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

None

10-18-27

6. Condition figures, as of (date*)

(Examination just previous to failure.)

Loans and discounts:
$ Not segregated

On real estate
Other

105 993

Total loans and discounts

16 000

Real estate acquired in satisfaction of debts
Investments

)

10 231

tit/j

20 976

All other resources

153 200

Total resources

25 000

Capital

1 059

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

86 851

Time deposits, including postal savings

10 623
97 476

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

18 450

All other liabilities

11 215
153 200

Total liabilities

7. Has this bank been reopened?
Date of reopening

Yes

If so give:

12-31-27

Name under which reopened Hartline State Bank
be
Depositors waived 40% of claims ($97,476) which were put in trust to loss liquidated*
Per cent of
from assets taken out.
Amount of loss
to claims
Loss to depositors on:
Secured claims
Preferred claims
General claims

.

/1-0‘
q/7

/0
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.

*No report to department on this, but examiners report very slight if any liquidation.


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

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

If so give:

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

Per cent of loss
to claims

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

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

Claims allowed

Secured claims. . .

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

•

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

4
.111

10. Has this bank been finally liquidated?

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claiths 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 successive crop failures in dry b
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?

111

yes

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?

Evidence of extension in 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

May, 1925, 35% $8 759, and November 1925, 50% $12,500. (Examiners state
president of bank had used sone $40,000 personal funds to remove bad
paper over a period of years). Over $50,000 was eliminated from assets
at time of—reorganization 1so.


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

Ki State bank
0 Trust company

D Stock savings bank
O Mutual savings bank

Washington

O Private bank

•
1. Name of bank

Southwestern Wash. Benk

2. Date organized 10-20-11

3. Federal reserve district

Town or City Ilwaco

—-23
Date suspended 94

County

Population of town or city*

Member or nonmember of F. R. System

12

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

no

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

none

Pacific

700

nonmit_ez

6. Condition figures, as of (date*1 6-30-23 previous call date.
This includes a largedeficit, which eventually totaled )l34,000.
Loans and discounts:
$ Not segregated

On real estate
Other

$

Total loans and discounts

8 026

Real estate acquired in satisfaction of debts
9, 7 6
,

Investments

171 810

7

67 899
50 366

All other resources

298 101

Total resources
Capital

25 000

Surplus and undivided profits

16 296

Deposits:
15 200

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

156 367
49 444
$

Total deposits

221 032

Borrowings from F. R. bank
35 500

Borrowings from other banks

273

All other liabilities

298 101

Total liabilities

7. I Ias this bank been reopened?

110

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
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total
no

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

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

If so give:
yes
6-30-26

Collections:
108 256

From liquidation of assets

9 400

From assessments on shareholders
Other collections (explain)

1 785

as. e ts.

Sale remai

119 441 _

Total collections
$

Offsets to claims (loans paid, etc.)

167 910

Payments to depositors:
(Amounts in dollars)
Claims allowed

claims. . ..

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Not reported as to portions paid from general clainis

Preferred claims...

2 319

General claims. . . .

261 015

107 084

107 084

Total claims. ..

263 334

109 403

109 403


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

Per cent of payments
to claims allowed

____ 2 319

—

2 319

100%
41%
11-1,—

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
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) Spe culation on part officers
(stockholding, officers)

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

1110

tic

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? Bank had been under criticism for sane three years- 1920 - for not
pressing slow matters to a conclusion -defalcations not detected until date
of closing.
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?
If so,
dates and amounts of all assessments
superadded liability assessment 100% - c;25,000.


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

Usual

•

Earn AL nEsEwit-. !;;vs*.y, OF P.N FRAW1ISCO

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

Et State bank
O Trust company
O Stock savings bank
▪

Mutual savings bank

Washington

O Private bank

•
1. Name of bank

Farmers State Bank

2. Date organized

6-15-17

3. Federal reserve district

Date suspended

—
8-1324

12

•

P
Population of town or 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 Frankl in

Member or nonmember of F R Systern_LQril

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

Outside city

Kahlotus

Town or City

none

150

nember

6. Condition figures, as of (date*)

8-4-24

near to date of closing)

Loans and discounts:
$

On real estate

Not segregated

Other
55 991

Total loans and discounts

8 000

Real estate acquired in satisfaction of debts

6 575

(0 (0

Investments

14 947

All other resources

85 513

Total resources

15 000

Capital

2 062

Surplus and undivided profits
Deposits:
$

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

268
30 881
3 646
34 796

Total deposits
Borrowings from F. R. bank

31 283

Borrowings from other banks

2 372

All other liabilities

85 513

Total liabilities

7. Das 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
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?

yes

If so give:

7-25-27

Date liquidation was completed
Collections:
From liquidation of assets

6 972

From assessments on shareholders

3 745

Other collections (explain)

Sale remaining assets

300
11 017

Total collections
$

Offsets to claims (loans paid, etc.)

35 465

Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims. . ..
Preferred claims...

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Not reported on
87

General claims.... 26 146 _
Total claims. . .. 26 233


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

Dividends paid from
collections

87

87

100%

_ 5_423_

_5_423

/ -7' 20e11
/-

5 510

5 510

11. Causes of suspension:
Check in the appropriate column those of 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
e141)
1-Ues
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)

Resources territory insufficient

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

it

yes

If so, state what industry or type of agriculture

whe et

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

From 1919 on, bank had difficulty liquidating seasonally.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
yes
bank suspended?Ifso, give dates and amounts of all assessments


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

1921 -

75% in

11,250, Usual superadded liability assessment follo, .ing failure,
:

•

FEDERAL Fil-Jif.- ;%'VE

UF SAN

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

Type of bank reported—check
appropriate one of the following

t()

LI National bank

Name of State

ES State bank
[1] Trust company

Lii Stock savings bank
Washington

[1] Mutual savings bank

LI Private bank

1. Name of bank__Kelso State Bank

2. Date organized 1-20-1893

3. Federal reserve district

Date suspended

Town or City Kelso

3-17-21
Population of town or city*
(about 2,000 at time of failure)

12 .

Outside city of parent bank**

none

none

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

* Latest census 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

6 000

Member or nonmember of F R System nonmember

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

•

County Cowlitz

no

FRANG;tsCO

6. Condition figures, as of (date*)

3-17-21

Loans and discounts:
45 582

On real estate

327 004

Other

$

Total loans and discounts

2 685

Real estate acquired in satisfaction of debts

100 922

'-f 73,

Investments

372 586

67 362

All other resources

543 555

Total resources
Capital

25 000

Surplus and undivided profits

25 368

Deposits:
9 552

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

261 214
92 272
$

Total deposits

363 038

Borrowings from F. R. bank

none

Borrowings from other banks

120 812
9 337

All other liabilities

543 555

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?

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)
,
Dividends paid from
collections

Claims allowed

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

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

yes

If so give:
11-1'7-25

Collections:
226 467

From liquidation of assets

13 033

From assessments on shareholders.

11 857
Other collections (explain) Settlerrent with directors on
neglect of duty suit :;;',11,048 refund court costs bal.
251 357
Total collections
49 28'7

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

Secured claims

Payments from
guaranty fund

Dividends paid from
collections

Not report d

- :3 -

en

"I - :

Total payments

Per cent of payments
to claims allowed

n"

1 054

1 054

1 054

100%

General claims. . . .

410 379

217 458

217 458

53%

Total claims. . ..

411 433

218 512

218 512

Preferred claims


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

-5•11

11. Causes of suspension:
Check in the appropriate column those of 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

cashier

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify).speen.lat tv.e . ad.v.ance.s self an.d friends

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

III

no

If so, state what industry or type of agriculture

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

Date of closing account defalcation showing up

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended? After suspens ion If so, give dates and amounts of all assessments


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

Usual superadded liability against capital stock, .';',25,000

•

FErVIFTT,1_

'"-'7""r7

t1,, OF SAN FRMICIISCO
1

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

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

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

rn

41

National bank
State bank

Name of State

O Trust company
O Stock savings bank
0 Mutual savings bank

Washington

O Private bank

•
1. Name of bank

2. Date organized

American Security Bank

10-26-16

3. Federal reserve district

Date suspended

Town or City

9-24-25

12

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

•

Kennewick

Benton

Population of town or city* 2 000

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

none

Outside city of parent bank**

none

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

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


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

County

none

6. Condition figures, as of (date*)

9-24-25

Loans and discounts:
$ Not segregated

On real estate
Other

78 354

Total loans and discounts

2 535

Real estate acquired in satisfaction of debts

7 213

g.6't, A.7

Investments

35 182

All other resources

123 284

Total resources

20 000

Capital

8 628

Surplus and undivided profits
Deposits:
2 399

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

57 222
19 667
79 290

Total deposits
Borrowings from F. R. bank

14 567

Borrowings from other banks

799

All other liabilities

123 284

Total liabilities

7. Has this bank been reopened?

No

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

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

No

If so give:

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
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

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

10. Has this bank been finally liquidated?

Yes

If so give:

3-15-29

Date liquidation was completed
Collections:

$

From liquidation of assets

65 547

From assessments on shareholders

8 621

Other collections (explain)

2 550
76 718

Total collections
$

Offsets to claims (loans paid, etc.)

15 002

Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured

claims

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Not rep rted as to por ions paid from general clai s.

Preferred claims.

3 629

3 629

3 629

100%

General claims. ..

68 811

42 078

42 078

67%

Total claims

66 440

45 707

45 707


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

1A'.11

11. Causes of suspension:
Check in the appropriate column those of 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 unstable crop and market

X

Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
a
Heavy withdrawals of depositsccount failure bank of Pasco

ear)

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

Irrigated products

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

Failure of Bank of Pasco, 9-8-25, brought run on this bank.

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

1921 - 50% $10 000. 1923 - 20
October

''4,00C; 1
4

10 000; and

1924, $.30,000 voluntarily introduced by two stockholders.

superadded liability after failure, 100% - $20,000.


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

504

Usual

rworriAL rlEfiEhtVE

BANK OF SAN

FRAXCISCO

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

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

National bank

Name of State

Ei State bank
0 Trust company

LI Stock savings bank
[1] Mutual savings bank

Washineton

El Private bank

•
1. Name of bank

2. Date organized

Citizens State Bank

2-26-20

3. Federal reserve district

Date suspended

Twelfth

Town or City Leavenworth
4-1-24

County

Population of town or city*

1500

Member or nonmember of F. R. System_nonnember

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

Chelan

no

6. Condition figures, as of (date*) 1-12-24 (nearest date to failure)
Loans and discounts:
not segregated

On real estate
Other

112 51E

Total loans and discounts

2 155

Real estate acquired in satisfaction of debts

5 833

I i.E,36- 1

Investments

26 513

All other resources

147 019

Total resources

25 000

Capital

2 687

Surplus and undivided profits
Deposits:
304

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

67 193

Time deposits, including postal savings

37 101
102 598

Total deposits
Borrowings from F. R. bank

I 6 500

Borrowings from other banks

234

All other liabilities

147 019

Total liabilities

7. Has this bank been reopened?

?I A

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

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

no

If so give:

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total
no

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

—

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

yes

If so give:
9-1-25

Collections:
83 275

From liquidation of assets

4 773

From assessments on shareholders

15 250

Other collections (explain)

103 298

Total collections

10 911

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

Secured

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

80 348

100%

claims

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


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

80 348

80 348

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

Primary
cause

Contributing
cause

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

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

•

yes

If so, state what industry or type of agriculture

Fruit

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen.
Bank 11.FF incompetently managed from organization date. Closing brought
sion?
about /frozen loans, and inability to obtain credit.
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
25c/0 in 1921,
Four
banc suspended?
If so, give dates and. amounts of all asses,sments
Usual luvio after
5p in 1922, and 10% in 1924, to nstore capital.
suspension - $25,000.


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

FEDERAL ;:F-.F..“--fi`,./F. Ptkr0.", 1-)F SAN FRANC:1SW

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

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

11;
Name of State

State bank
El Trust company
El Stock savings bank
[1

Washington

Mutual savings bank

LII Private bank

1. Name of bank

2. Date organized

Farmers State Bank

3-16-1.7

3. Federal reserve district

Town or City

Date suspended 10-17-21

12

Outside city of parent bank**

Population of town or city*

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

Member or nonmember of F R. System

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

•

Lind

none

Adams

700

nonmember

10-18-21

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

$ Not segregated

On real estate
Other

s

Total loans and discounts

3 700

Real estate acquired in satisfaction of debts
g- 1 7 ?if
)

Investments

70 915

10 869
11 751

All other resources

97 232

Total resources

25 000

Capital

4 886

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
Total deposits. ..NP.t..Segl'Qgfikt.gcl. di-X1

. list avail able $

49 021

Borrowings from F. R. bank
Borrowings from other banks

9 800

All other liabilities

8 525
97 232

Total liabilities
no
7. Has this bank been reopened?

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

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

If so give:

To

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

Loss to depositors on:

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

If so give payments to date:

No

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Per cent of payments
to claims allowed

Total payments

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

10. Has this bank been finally liquidated?

yeo

If so give:

5-5-27

Date liquidation was completed
Collections:

40 684

From liquidation of assets

4 337

From assessments on shareholders
Other collections (explain)

45 021

Total collections

10 814

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

100%

Not segregated from ge eral claims
903

903

903

49 684

29 548

29 548

50 587

30 451

30 451

5
77

59.5%

1,0, D,C)

11. Causes of suspension:
Check in the appropriate column those of 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....4. auccaQivp..q rap..railtireP
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

wheat growing

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? Immediately after opening bank took on hazardous line of loans, from
which time, on account successive crop failures, they were never able to
make proper liquidation.
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Not before

If so, give dates and amounts of all assessments

L'su al

assessment against superadded liability after bank closed, :25,000.


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
O State bank
O Trust company
O Stock savings bank

LI Mutual savings bank

Washington

O Private bank

1. Name of bank

2. Date organized

Mansfield State Bank

5-27-09

3. Federal reserve district

Date suspended

Town or City Mansfield

12-1-21

12

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

County Douglas

Population of town or city*

Member or nonmember of F. R System nonmember

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

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.

Organized by group of stockholders from Wilbur State Bank, First Nctl. Bank
Reardan, and Coulee State Bank.

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

700

6. Condition figures, as of (date*)

12-1 —21

Loans and discounts:
not segregated

On real estate
Other

$ 502 294

Total loans and discounts

7 800

Real estate acquired in satisfaction of debts

3 975

5 0 (al 2-(4?

Investments

36 428

All other resources

550 497

Total resources
Capital

50 000

Surplus and undivided profits

15 337

Deposits:
$

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

1 066
142 984
26 895
$ 169 879

Total deposits
Borrowings from F. R. bank

283 019

Borrowings from other banks

32 262

All other liabilities

550 497

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?

110

If so give:

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total
no

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

10. Has this bank been finally liquidated?

yes

If so give:

11-21-27

Date liquidation was completed
Collections:

$

From liquidation of assets

48 871
9 962

From assessments on shareholders
Other collections (explain). gap..reral

Tic ..s..ts

2 650

61 483

Total collections

$ 365 436

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

Secured claims. ...
Preferred claims.. .

Paid f

Dividends paid from
collections

Payments from
guaranty fund

Total payments

m Offsets
I.
;
"

—

General claims. . ..

163 127

36 972

.39- 972

Total claims...

163 127

36 972

36 972


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

Per cent of payments
to claims allowed

22%

11. Causes of suspension:
Check in the appropriate column those of .
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,
5 successive crop failures
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) They absorbed Farmers St. Bank of
Mansfield in 1919, to save failure & beside slow loans taken on
guarantees given by stockholders (individually) prevented credit
extension by correspondents in crisis. (Guarantees totaling 4?90,000)
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

•

Yes

If so, state what industry or type of agriculture

Wheat farming

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? 1919 bank and supervision became aware of deterioration in paper.

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

After suspension so
f
t , give dates and amounts of all assessments

Usual superadded liability, .",50,000.


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

•

A-roFFM1... /1PEFr`lF. PAINIK

OF SAN FPAN't.IISCO

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

•State bank
O Trust company
O Stock savings bank
O

Mutual savings bank

▪

Private bank

Washington

•
1. Name of bank

2. Date organized

Napavine State Bank

6-26-13

3. Federal reserve district

Date suspended

Town or City

1-28-27

12

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

•

NaDavine

County

Population of town or city*

Lewis
?)/
.1Q054

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

:„Torta

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

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.

Organized by Roberts-Weter group comprising Eatonville and Redmond banks (2).

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

6. Condition figures, as of (date*)

1-29-27

Loans and discounts:
Not segregated

On real estate
Other

31 908

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

9 450

HI /3641

12 254

All other resources

53 612

Total resources

:10 000

Capital

867

Surplus and undivided profits
Deposits:
2 174

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

22 120

Time deposits, including postal savings

11 213
35 507

Total deposits
Borrowings from F. R. bank

'7 234

Borrowings from other banks

4

All other liabilities

53 612

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

1:0

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

If so give:

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

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

'l'otal payments

Per cent of payments
to claims allowed

Secured claims

•

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

411 10. Has this bank been finally liquidated?

Yes

If so give:

6-29-28

Date liquidation was completed
Collections:

32 589

From liquidation of assets
From assessments on shareholders

1 154

Other collections (explain)

1 650

Total collections

35 393
$

Offsets to claims (loans paid, etc.)

9 149

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

I

Total payments

Per cent of payments
to claims allowed

Not reported as to porti n paid from g neral claims.
200

200

200

100%

27 690_

27 890

27 890

100%

28 090

28 090

28 090

100%

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc. iZte2q.V.Ziellge

X

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
.ns4icient business to support bank
Other causes, (specify)IT

X

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

No

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? Never had sufficient earnings to take care of any loss.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?Mter suspension If so, give dates and amounts of all assessments
superadded liability assessment, 1:1;10,000.


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

usual

r-r7ew

tfc rv't,?1!se

OF MAN PPAINCIRCO

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

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

Type of bank reported—check
appropriate one of the following

40

0 National bank
Name of State

E] State bank
O Trust company
O Stock savings bank
El

Mutual savings bank

Washington

El Private bank

•
1. Name of bank Moses Lake State Bank

2. Date organized

11-25-14

3. Federal reserve district

Date suspended

Town or City

3-23-25

12

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

•

NePpel

County_Qrant

Population of town or city*

250

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 Not at time of closing.

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

Organized by I. D. Bassett, bank promoter of Eastern Washington.

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

348-25

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

$ Not segregated

On real estate
Other

47 396

Total loans and discounts

2 854

Real estate acquired in satisfaction of debts

6 360

S3,
- .7

Investments

14 958

All other resources

71 568

Total resources

15 000

Capital

3 500

Surplus and undivided profits
Deposits:
5 508

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

28 585
4 844
38 939

Total deposits
Borrowings from F. R. bank

11 286

Borrowings from other banks

2 843

All other liabilities

71 568

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?

No

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

411

10. Has this bank been finally liquidated?

Yes

If so give:

2-1-27

Date liquidation was completed
Collections:

21 844

From liquidation of assets

8 479

From assessments on shareholders
Other collections (explain)

12 874

Total collections

43 197
9 200

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

Not repo ted as to portions paid from general claims.

148

148

148

100%

25 731

25 731

25 731

100%

25 871

25 8?9

25 879

100

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

Primary
cause

Contributing
cause

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

X

Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc. Irke.zrox.i,e4P3.4.171PAtlogrEg3. .44-P.e.0o

X

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

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

Yes

If so, state what industry or type of agriculture

Wheat farming

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

frozen paper began to show up in 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 6-4-22,

06,000.- 11-26-23, 09,000.- August, 1924, 015,000.liability after suspension of bank, 015,000.


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

Usual superadded

11110/

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

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

0

National bank
Name of State
State bank

O Trust company
O Stock savings bank
O

WASHINGTON

Mutual savings bank

O Private bank

•
1. Name of bank

2. Date organized

Miners & Smelters Bea*

12-9-15

3. Federal reserve district

Date suspended 1-21-29

Twelfth

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

•

Town or City

Northport

Population of town or city*

Stevens

800

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

None

Outside city of parent bank**

None

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

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


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

County

rone

1-21-29

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

Not segregated

On real estate
Other

44-2qQ--

Total loans and discounts

54 279

Real estate acquired in satisfaction of debts
Investments

13 875

All other resources

11 119

Total resources

79 273

Capital

10 000

Surplus and undivided profits

14 173

Deposits:
427

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

34 547

Time deposits, including postal savings

24 912
49 887

Total deposits
Borrowings from F. R. bank

5 000

Borrowings from other banks
All other liabilities

2 2

Total liabilities

7. Has this bank been reopened?

7.9 293
170

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)
Dividends paid from
collections

Claims allowed

Secured

Not re

claims

rted as to por ions paid frc
400

400

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

Payments from
guaranty fund

Total payments

general clams.
400

49 980

19 992----

19 992

50 380

20 392

20 392

10.
• Has this bank been finally liquidated?

110

Per cent of payments
to claims allowed

100%
ti.
'

40%
4070

____

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). .F4e4f333,
Failure of correspondent (Name)
.

......13•.k:). .Spokane
;

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?

•

Ito

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen1928-29
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

Voluntary

injection new capital $10 000 in reorganization 1923. Usual superadded
liability after closing - $10 000.


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

•

F.FOEFIAL

HANI- OF SAN FriANCES
;

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank 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
p2 State bank
LI Trust company

Name of State

1=1 Stock savings bank
El

Mutual savings bank

Washington

LI Private bank

•
1. Name of bank Liners &, Smelters Bank

2. Date organized *12-9-15
Date suspended
*Organized around filed Northport St. Bank
3. Federal reserve district

12

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

•

Town or City

9-4-23

Northport

Population of town or city*

Stevens

800

Member or nonmember of F. R. System_n°n-rnember
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

none

8-17-23 (date of examination previous to fai.ure)

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

$

On real estate

1Nit segregated

Other
79 215

Total loans and discounts
Real estate acquired in satisfaction of debts

16 2,(03,5-

Investments

23 420
39 038

All other resources

141 673

Total resources

10 000

Capital

3 754

Surplus and undivided profits
Deposits:
100

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

79 097

Time deposits, including postal savings

28 950
$

Total deposits

125 680

Borrowings from F. R. bank
Borrowings from other banks
2 239

All other liabilities

141 673

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

yes .1
60

.. ve:
gitt ...

?

4-12-23

Name under which reopened liners & Smelters Bank
Reorganized bank assumed full deposit liability.
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.

*However bank was again closed in January, 1929, and is now under liquidation.


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

If so give:

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

Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

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

Claims allowed

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...

fi 10. Has this bank been finally liquidated?

If so give:

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

Dividends paid from
collections

Payments from
guaranty fund

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


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

__ _

_

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

Primary
cause

Contributing
cause

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

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

•

no

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen1923 - immediately upon purchase of bank by defaulting president.
sion?
(Luring interval between failure of Northport St. Bank, and sale in 1923, bank
was successfully and ethically managed by Jerome J. Day(Spokane) interests.
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the.
bank suspended?

yPR

If so, give dates and amounts of all assessments Voluntary
subscription of 100% of capital ($10 000) in reorganization under new
managemnt.


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

•

rirsrok

17.7•I'SrVF Ir!,4 tIIK OF SAN

FtCAW:711300
:

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

Type of bank reported—check
appropriate one of the following

44

0 National bank

O

Name of State

State bank

O Trust company
O Stock savings bank
O

Mutual savings bank

Washington

O Private bank

•
1. Name of ban

2. Date organized

Omak State Bank

6-1-07

3. Federal reserve district

Date suspended

Town or City

1-25-27

12

Omak

Population of town or city* 1,000

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 Okanogan

None

on-member

6. Condition figures, as of (date*)

1-26-27

Loans and discounts:
$ Not segregated

On real estate
Other

69 055

Total loans and discounts

6 486

Real estate acquired in satisfaction of debts

16 481

Investments

18 534

All other resources

110 556

Total resources

15 000

Capital

2 252

Surplus and undivided profits
Deposits:
307

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

58 591
15

218
74 119

Total deposits
Borrowings from F. R. bank

16 211

Borrowings from other banks

974

All other liabilities

110 556

Total liabilities

7. Has this bank been reopened?

No

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

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

No

If so give:

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
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

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

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

Yes

If so give:
July, 1928

Collections:
57 311

From liquidation of assets

7 626

From assessments on shareholders

9 091

Other collections (explain)

74 028

Total collections

19 127

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

Secured claims.

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Not reported as to port ons paid from general funds

Preferred claims..

697

697

697

100.%

General claims. . .

61 908

54 519

54 519

88%

62 605

55 216

55 216

Total claims. . ..


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

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

Primary
cause

Contributing
cause

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

X

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
.114Q 1ci,11g. 3y. .1114,10.14

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

Fruit growing

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

1921 - poor loan policy for period of many years.

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% -

15,000 in 1925 - 60% levied in 1926 but not collected before bank closed.
Usual superadded liability assessment following failure, '',;15,000.


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

FEDERAL FIESF-....;:YE BANK OF S.01 FRANciSCk.1
4

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

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

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

Washington

O Private bank

•
1. Name of bank

2. Date organized

Othello State Bank

Date suspended 8-23-21

8-9-07

3. Federal reserve district

Town or City

12

Othello

County

wn,
Population of town or city*
small wheat town village

Member or nonmember of F R System

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

Outside city of parent bank**

Adams

Nonmerter

none

none

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

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.

Organized by J.D.Bassett group, passed into control Union Securities Co. from them
into private ownership.

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

8-25-21

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

$

On real estate

Not segregated

Other
$

Total loans and discounts

40 810

Real estate acquired in satisfaction of debts

/4 3,")-1.3

Investments

2 403
9 872

All other resources

53 085

Total resources

10 000

Capital

4 866

Surplus and undivided profits
Deposits:
190

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

25 810

Time deposits, including postal savings

10 084
36 084

Total deposits
Borrowings from F. R. bank

2 000

Borrowings from other banks
All other liabilities

134

Total liabilities

7. Ilas this bank been reopened?

53 085
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

170

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

If so give:

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total
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?
Date liquidation was completed

yes

If so give:

5-6-27

Collections:
24 758

From liquidation of assets

1 597

From assessments on shareholders
Other collections (explain)

26 355

Total collections

3 490

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

Not reported as to portio
60

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

collected f om general cl:ims.

60

60

35 221.______

14 71'7

14 71 7

100%
403
41.8%

35 331

14 777

14 777

Li-liaD\

11. Causes of suspension:
Check in the appropriate column those of 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
n!clp failum
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

'iheat farrntng in poor district

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

Bank never had sufficient line of deposits - peak $85,000, and paid
excessive salaries.

In April, 1921, was evident bank was over-extended.

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

Not before

If so, give dates and amounts of all assessments Suneradde d

liability assessment 1 10,000 following failure.

•

rr“
.
..71

'''V. OF

SAN FtTANCIINCO

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

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

42

National bank
Name of State

gi State bank
O Trust company
O Stock savings bank
O

Mutual savings bank

Washington

O Private bank

•
1. Name of bank

Bank of Pasco

2. Date organized

4-14-08

3. Federal reserve district

Date suspended

12

9-8-25

Pasco

County Franklin

Population of town or city*

3,500

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

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

•

'Town or City

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

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.

Organized by Bassett-Christensen group, Pasco-Stevenson and other Bassett banks.

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

6. Condition figures, as of (date*)

9-5-25

Loans and discounts:
$

On real estate

Not segregated

Other
$

Total loans and discounts

4 437

Real estate acquired in satisfaction of debts

073
30?, 4

Investments

237 516

71 157
161 322

All other resources

474 432

Total resources

50 000

Capital

22 614

Surplus and undivided profits
Deposits:
$

Due to banks**

19 270

Demand deposits, including U. S. Govt. deposits

274,505

Time deposits, including postal savings

107 634
$

Total deposits
Borrowings from F. R. bank

fall•

411•.

OM WM MM.

Borrowings from other banks

407

All other liabilities

474 432

Total liabilities

7. II as this bank been reopened?

401 411

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
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

claims

Preferred claims..
General claims
Total claims

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

Yes

If so give:
3-15-29

Collections:
299 720

From liquidation of assets
From assessments on shareholders

8 104

Other collections (explain) Sale remaining assets

4 080
311 904

Total collections

82 278

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

Secured claims.. .

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Not reported separate

Preferred claims

25 221

25 221

25 221

General claims.

297 920

238 933

238 933

Total claims

323 141

264 154

264 154


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

Per cent of payments
to claims allowed

100%
80.2%
,R1.15

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

Primary
cause

Contributing
cause

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

X

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

X

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

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

Yes

If so, state what industry or type of agriculture

Wheat

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? Accumulation of frozen paper over long period of years.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended? After suspension If so, give dates and amounts of all assessments
$50,000, after closing.

100%,

Two assessments had been levied previously, then

suspended pending absorption of losses thru earnings and purchase of assets
by stockholders.
available.

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

Large amounts were absorbed in this way, but no record is

•

FEDERAL

BANK OF SAN FRANCISCO

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

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

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

El State bank
O Trust company
O Stock savings bank
111

Mutual savings bank

Washington

O Private bank

1. Name of bank

2. Date organized

Citizens State Bank

3-18-05

3. Federal reserve district

Date suspended

Town or City

6-20-24

Twelfth

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

Pros ser

Population of town or city*

Benton

1700

Member or nonmember of F. R. System nonnlember

none

Outside city of parent bank**

none

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

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


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

County

6. Condition figures, as of (date)

6-20-24

Loans and discounts:
On real estate

$

not segregated

Other
Total loans and discounts

301 955
3 799

Real estate acquired in satisfaction of debts

'-f3,Se3

Investments

41 628
62 537

All other resources

409 919

Total resources
Capital

50 000

Surplus and undivided profits

20 619

Deposits:
Due to banks**

$

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

20 096
269 540
29 668
319 304

Total deposits
Borrowings from F. R. bank

20 000

Borrowings from other banks

409 919

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

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

no

If so give:

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total
no

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

411/

10. Has this bank been finally liquidated?

yes

Date liquidation was completed

If so give:
2=15-29

Collections:
272 843

From liquidation of assets

46 743

From assessments on shareholders
Other collections (explain)

sale remaininc, assets

19 612
399 198

Total collections

14 749

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

Secured claims

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Not reported on
367

367

General claims. . .. 273 132

237 652

237 652

87/0
0/

273 499

238 019

238 019

ail- 0 3

Preferred claims..

Total claims


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

—

367

100%

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

Primary
cause

Contributing
cause

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

Cancellation surety bonds

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(Irrigated project — fruit, alfalfa, etc.)

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? Never had good credit management, deflation period brought mistakes out.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended? After failure,
If so, give dates and amounts of all assessments Usual 100%
assessment against superadded liability, ::50,000. A levy of 50% was pending
.
when directors closed the bank - unable to meet.


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

•

flERAL FrESETNE Bfr.fell; OF SAN FilA500

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

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

National bank

12

Name of State

State bank

O Trust company
O Stock savings bank
O

Mutual savings bank

WashinOon

0 Private bank

1. Name of bank

Security State Bank

2. Date organized

11-20-14

3. Federal reserve district

Date suspended

Town or City Richland

3-31-30

12

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

Population of town or city*

Member or nonmember of F. R. System

None

Outside city of parent bank**

None

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

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


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

County Benton

None

250

Non—member

3-31-30

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

Not segregated

On real estate
Other

$ 60 370

Total loans and discounts

1 800

Real estate acquired in satisfaction of debts

7

Investments

10 635
36 885

All other resources

109,690

Total resources

20 000

Capital

4 228

Surplus and undivided profits
Deposits:
$

Due to banks**

632

Demand deposits, including Ti. S. Govt. deposits

42 617

Time deposits, including postal savings

32 212
$ '75 461

Total deposits
Borrowings from F. R. bank

10 000

Borrowings from other banks
All other liabilities

109 690

Total liabilities

7. I-Ias this bank been reopened?

No

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total
Yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Not report d on as to por ,ions paid fron general clai

Secured claims.
Preferred claims.. .

9 719

9 '719

9 '719

100%

General claims. . ..

69 246

13 849

1'3 849

205

Total claims. . ..

.

10. Has this bank been finally liquidated?

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholder.
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
X

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

X

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

Of

Yes

If so, state what industry or type of agriculture

Irrigated products

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

1924

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

Yes

If so, give dates and amounts of all assessments

Voluntary assessment $4,000 in 1925.

1005, a20,000 following failure.


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

Two directors purchased ::)8,400 in 1927.

4wFDIFF/AL

.
I :ANY, OF
SAN

Ft?,‘,ICISCCI

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

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

39

National bank
Name of State

El State bank
O Trust company
O Stock savings bank
O

Mutual savings bank

Washineton

O Private bank

•
1. Name of ban

American State Bank

2. Date organized

1-25-04

3. Federal reserve district

Date suspended 10-18-24

12

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

•

Town or City Bitzville

Population of town or city*

Member or nonmember of F R. System_

none

Outside city of parent bank**

none

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

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


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

County

none

Adams

1800

nonmember

6. Condition figures, as of (date*)

10-11-24

Loans and discounts:
$ Not segregated

On real estate
Other

$

Total loans and discounts

44 965

Real estate acquired in satisfaction of debts

3167).330

Investments

275 340

39 990
128 360

All other resources

488 655

Total resources
Capital

75 000

Surplus and undivided profits

33 809

Deposits:
Oilft

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

224 008

Time deposits, including postal savings

109 021
333 031

Total deposits

•••

Borrowings from F. R. bank
Borrowings from other banks

30 000

All other liabilities

16 815
488 655

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

S. has this bank been taken over by another bank

1:o

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

Secured

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

claims

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

41111

10. Has this bank been finally liquidated?

Yes

If so give:

8-15-27

Date liquidation was completed
Collections:

316 379

From liquidation of assets

41 603

From assessments on shareholders

9 100

Other collections (explain)

367 082

Total collections

30 551

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

Dividends paid from
collections

Secured claims. . .

296 373

Total claims.

__,/ L))7,5

Per cent of payments
to claims allowed

none

General claims. . .

Total payments

Not reported

Preferred claims.

Payments from
guaranty fund


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

31 1-41 11-1 7
1296 373
1
17 769 interest

a o-i- I _k______

?CIA rigrX

31q,107_.

1640
1.7o
alln% & It.

10C. c c

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment,laxity in collections
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify) F.11;ct.iqzi..aggniz..stkhXdrs, and attempts
to dispose of stock in view of pending assessnent.

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

yes

If so, state what industry or type of agriculture

wheat farming

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? Improper loan policy over period of years, bank became over-extended
Lack of disposition to clean up, more than condition of loans caused
in 1922.
closing, see "other causes".
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

was under suspended levy of 100% when it closed; 100
liability then imposed, $75,000.


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

Bank

against superadded

F:5171fFRAL i?IcFSFTCVF RANK OF SAN
FrANCISCO

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

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

Type of bank reported—check
appropriate one of the following

46

• National bank
Name of State

• State bank
EJ Trust company
LI Stock savings bank

LI Mutual savings bank

Washington

O Private bank

1. Name of bank

2. Date organized

Rockford State Bank

12-1-19

3. Federal reserve district

Date suspended

Town or City

1-21-29

12

Outside city of parent bank**

Population of town or city*

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

Spokane

400

Member or nonmember of F R. Systen-L_Non-member

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

•

Rockford

None

6. Condition figures, as of (date*)

—
1-1921

Loans and discounts:
$

On real estate

Not segregated

Other
70 118

Total loans and discounts

1 453

Real estate acquired in satisfaction of debts
g i

Investments

16 700
21 346

All other resources

109 617

Total resources

25 000

Capital

3 054

Surplus and undivided profits
Deposits:
164

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

43 476

Time deposits, including postal savings

36 764
80 406

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

1 157

All other liabilities

109 617

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?

TTo

If so give:

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total
No

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

10. Has this bank been finally liquidated?

Yes

If so give:
2-6-30

Date liquidation was completed
Collections:
From liquidation of assets

67 097

From assessments on shareholders

18 037

Other collections (explain)
85 134

Total collections

4 389

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

Secured claims. ...

Dividends paid from
collections

Payments from
guaranty fund

Total claims..


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

Per cent of payments
to claims allowed

Not reported on as to portions paid from general funds.

Preferred claims.. .
General claims. . ..

Total payments

64 248

I
c64
k--2 248 inte est
66 496

163.6—
(6,44q
64 248
1006 and interest
2 248 int rest
66 496
103.50

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

Primary
cause

Contributing
cause

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

Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)Insufficiant. bnsine.ss.far .tw.ct .benks

X

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

NO

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?Bank was never on earning basis, and had some losses accruing.

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

Yes

If so, give dates and amounts of all assessments

In 1922 di—

rectors paid voluntary assessment $2,030, and in 1923 bought :,1)5,703 from assets.
Following suspension, 100% against superadded liability, $25,000.


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

rrnFrTp.).
Fr?ANCISCO

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

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

Type of bank reported—check
appropriate one of the following

o

National bank

E
LI

State bank

Name of State
Trust company

111 Stock savings bank

El

Mutual savings bank

WAthington

LI Private bank

•
1. Name of bank

StateRuffBank
an

1-14-11
2. Date organized
Date suspended
tion, probably around 100.
3. Federal reserve district

Town or City

7-28-.2e

12

County

Outside city of parent bank**

Grant

Population of town or city* No informa-

Member or nonmember of F. R System

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

•

Ru f
f

nonmember

none

none

The Inland Empire
5. Was this bank a member of a chain or group? If so give the name of the chain or group
Land Company (operating in this district) organized this bank, and retained
control.
They were also of interest in the Fanners State Bank of Krupp,
at
•
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.


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

7-23-24

6. Condition figures, as of (date*)

(near to date of failure)

Loans and discounts:
$ Not segregated

On real estate
Other

70 370

Total loans and discounts

2 854

Real estate acquired in satisfaction of debts
3

Investments

O

2 000
9 777

All other resources

85 001

Total resources

10 000

Capital

6 247

Surplus and undivided profits
Deposits:
64

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

27 191

Time deposits, including postal savings

17 034
44 289

Total deposits
Borrowings from F. R. bank

23 460

Borrowings from other banks

1 005

All other liabilities

85 001

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

z1o

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
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?
•
Date liquidation was completed

yes

If so give:

Collections:
From liquidation of assets

9 454

From assessments on shareholders

1 159

(explain)
Other collections.

Sale remainin

2 000

assets

12 613

Total collections
$

Offsets to claims (loans paid, etc.)

33 137

Payments to depositors:
(Amounts in dollars)

•

Claims allowed

Secured claims. . ..

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Not repo reed

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


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

36 283

6 910

6 910

19.1%

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc....QTP.P.naj..3.urp s

X

Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify) Territory will not support bank

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

yes
'

If so, state what industry or type of agriculture

Wheat farming in dry belt

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

FrDzen_ paper began to show up about 1919.

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended? super—added only If so, give dates and amounts of all assessments
added liability assesment levied after failure- of bank.


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

SuPer-

•

•FEDERAL RESEFVE BANK OF SAN F?.7.,I,Nc;s0(+
,
FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

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

rn

State bank

[11

Trust company

Name of State

LI Stock savings bank
O Mutual savings bank

Washington

0 Private bank

Citizens
1. Name of bank_ Bank of Georgetown Town or City

2. Date organized

3. Federal reserve district

9-20-07 Date suspended

1-28-21

Twelfth

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

King

Population of town or city* 365 000

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

Member or nonmember of F. R. System_ Non-member

Outside city of parent bank**

•

Seattle

No

1-28-21

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

$

On real estate

42,400
220 954

Other

263 354

Total loans and discounts

14 615

Real estate acquired in satisfaction of debts

7/ / 7tr

Investments

23 824
25 563

All other resources

327 356

Total resources

25 000

Capital

5 642

Surplus and undivided profits
Deposits:
3 856

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

129 108
115 096
268 060

Total deposits
Borrowings from F. R. bank

27 438

Borrowings from other banks

1 216

All other liabilities

327 356

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?

If so give payments to date:

No

(Amounts in dollars)
Dividends paid from
collections

Claims allowed

Secured

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

claims

Preferred claims.
General claims.
Total claims

yes
If so
liquidated?
411 10. Has this bank been finallycompleted ?eh 14, 1925 give:
Date liquidation was
Collections:
102 531

From liquidation of assets

7 049

From assessments on shareholders
Assets acquired

Other collections (explain)

584
110 164

Total collections
$

Offsets to claims (loans paid, etc.)

68 406

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

Claims allowed

Secured claims

Total claims


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

Total payments

Per cent of payments
to claims allowed

Secured claims not segretated from tereral in report
Paid from offszts

Preferred claims
General claims. ...

Payments from
guaranty fund

242 243
242 243

I

88 580

88 580

36-14

88 580

.36,si

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

Primary
cause

Contributing
cause

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

X

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

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

No

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspenorganization, directors, friends and affiliates borrowed heavily
sion? From
Succeeding managements were unstaole
from bank, and loans became frozen.
financial strength.
and lacking in
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
Yes
If so, give dates and amounts of all assessments There w813
bank suspended?
reorganization in 1916, with introduction of cash (new capital $25,000) and
in 1919 a 20% assessment, $5,000. The usual superadded liability (25,00°)
upon failure.


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

041

National bank
Name of State

Ki State bank
O Trust company
O Stock savings bank

Washington

fl Mutual savings bank
O Private bank

1. Name of bank_North Side State Bank

2. Date organized 10-24-14

3. Federal reserve district

Town or City

Date suspended 1-26-21

12th

County King

Population of town or city*

365,000

Member or nonmember of F. R System__ 11 member
"

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

•

Seattle

Outside city of parent bank**

none

none

except that
5. Was this bank a member of a chain or group? If so give the name of the chain or group No,
controlling stock was pledged to Northern Bank 8c, Tru::t Co., of same
city.

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

Affiliated with Northern Bk & Trs. C
stockholdings, pledged.

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

same city (which failed previous to 1921) through

1-26-21

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

7 616

On real estate

80 852

Other

88 468

Total loans and discounts

2 406

Real estate acquired in satisfaction of debts

29 266

11 7

Investments
All other resources

8 905
'7 127
136 172

ShortNte

Total resources

15 000

Capital
Surplus and undivided profits
Deposits:
1 078

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

31 301

Time deposits, including postal savings

63 153

Total deposits

$

95,532

Borrowings from F. R. bank
24,087

Borrowings from other banks

1,540

All other liabilities

136,172

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?

LO

If so give:

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total
No

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

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

Ye S

If so give:
3-14-25

Collections:
30 863

From liquidation of assets

3 399

From assessments on shareholders
Other collections (explain)

Sale Assets

19 955

Total collections

54 217

Offsets to claims (loans paid, etc.)

61 364

Payments to depositors:
(Amounts in dollars)
Claims allowed

Payments from
guaranty fund

Dividends paid from
collections

Total payments

Per cent of payments
to claims allowed

Secured claims.. . . _ Se cured cl in:s not accounted for as to .2 eneral and secured claims
730

730

General claims.. . dais_492

29 623

119 228

30 353

Preferred claims...

Total claims. .. .


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

—
_

730

100%

2f1L623

25%

30 353

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

Primary
cause

Contributing
cause

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

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

ill

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? After reorganiziation in 1915, bank was never in strong hands, and
gradually slipped to insolvency.
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
There
yes
bank suspended?
If so, give dates and amounts of all assessments
was a reorganization brot about by shortage in December, 1915, and the No.
Bank & Trust Company (correspondent) guaranteed deposits.
No report as to
losses of guarantor, if any.
Usual superadded liability assessment after
failure — amount '.:15,000.


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

0:
41

Name of State

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

Washington

0 Private bank

•
1. Name of bank Scandinavian American Bank

2. Date organized 6-13-07

3. Federal reserve district

Date suspended

Twelfth

Town or City

1-15-21

Tacoma

County Pierce

Population of town or city* 106 00a-

Member or nonmember of F. R. Systern_non mentar

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_kt t line of failure was
not a group bank, but was originally a branch of Scandinavian American Bank of Seattle,
and at time of failure had a few stockholders in common. The failure of this bank
contributed
to the failure of tha Seatt1P hank thr_n_lross—o-f—da-po-s
thereby.
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.

Started as branch.

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

1-15-21

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

344 110

On real estate

3 775 138

Other
Total loans and discounts

4

Real estate acquired in satisfaction of debts

127 303

j
S

Investments

119 248

1

14 6, 3 I

720 983

684 558

All other resources
Total resources

- - -092
6 652

--

1 000 000

Capital

210 471

Surplus and undivided profits
Deposits:
Due to banks**

$

14 500

Demand deposits, including U. S. Govt. deposits

2 009 418

Time deposits, including postal savings

2 388 083
$

Total deposits

none

Borrowings from F. R. bank

1 015 700

Borrowings from other banks

13 919

All other liabilities

_6 642 092

Total liabilities

7. has this bank been reopened?

4 412 002

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
C Condition items should be as of date of suspension, if possible, 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

I\To

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
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?

Yes

If so give:

3-24-28

Date liquidation was completed
Collections:

3 074 905

From liquidation of assets

598 509

From assessments on shareholders
Other collections (explain)

Sale remainin

assets

8 505
3 681 969

Total collections

976 588

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

Claims allowed

Secured claims*

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Secured clalins not accounted for as to Jounts turned back_t_aGenar4
39 336

39 336

none

39 366

General claims

4 049 731

2 741 750

none

2 741 750

Total claims

4 089 067

2 781 086

Preferred claims


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

Per cent of payments
to claims allowed

2 '781 086

100%
67,.10

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

Primary
cause

Contributing
cause

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

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

No

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? In 1920 - they entered on unwarranted bank buil(iln
financing of which bank became involved.

program, with the

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

Ys,191.2


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

yes

If so, give dates and amounts of all assessments

$200 000
.
departmentlid100% /
Usual

failure of 100% —

a,ppp000.

•

ad-cle-d. liabtilty following

7:17.0f!EITAL rESErNE: BANK OF SAN FRANCISCO

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

ii

National bank

Name of State

El State bank
Trust company
Stock savings bank
[1] Mutual savings bank

Washington

Private bank

•
Security Bank
1. Name of bank American

2. Date organized

4— 5-18

3. Federal reserve district

Date suspended

12

Town or City

5-10-29

Vancouver

Population of town or city*

17 000

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

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

Outside city of parent bank**

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 Clark

None

5-10-29

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

$

On real estate

Not segregated

Other
$

Total loans and discounts

212 696
4 069

Real estate acquired in satisfaction of debts

/57

Investments

80 461
40 972

All other resources

338 198

Total resources

50 000

Capital

3 825

Surplus and undivided profits
Deposits:
$

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

32 646
180 508
59 698
$

Total deposits

272 855

Borrowings from F. R. bank
11 179

Borrowings from other banks

337

All other liabilities

338 198

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?

Yes

If so give payments to date:

(Amounts in dollars)
Dividends paid from
collections

Claims allowed

Payments from
guaranty fund

Not reported as to portifins thrown int

Secured claims. .

Total payments

Per cent of payments
to claims allowed

general claims.

Preferred claims..
.

98 000

196 000

General claims.

98 000

50%

Total claims

10.

Has this bank been finally liquidated?

If so give:

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

Secured claims
Preferred claims
General claims
Total claims


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

Dividends paid from
collections

Payments from
guaranty fund

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. 13.134 .1111,Ettlai..c.41.111.EMgPinEmt

X

Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)..1\TfayAr.liAd Proper strength behind
capitalization.

X

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

No

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? From organization has had weak management, first president being
convicted of theft of securities.
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

Yes

If so, give dates and amounts of all assessments

Voluntary assessment 30%, $15,000 in 1923.
00,000 in 1926.


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

•

40% - $20,000 in 1925; and 60%,

After suspension 100% against superadded liability, $50,000.

;cEDERAL RESFTNE CANK OF SAN FRANCIS(

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank 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
gJ State bank
El Trust company
El Stock savings bank
Mutual savings bank

Washington

El Private bank

•
1. Name of bank

2. Date organized

Exchange Bank

3-9-10

3. Federal reserve district

Date suspended

12

Town or City Waitsburg

2-29-24

Population of town or city*

1000

Member or nonmember of F R System_ nonmember

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

Outside city of parent bank**

no

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 Walla '.7a11a

none

2-29-24

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

not segregated

On real estate
Other

$

Total loans and discounts

279 543

Real estate acquired in satisfaction of debts

psi=i3e?

Investments

2 346
29 673

All other resources

311 563

Total resources
Capital

50 000

Surplus and undivided profits

18 037

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

86 739

Time deposits, including postal savings

77 786
$

Total deposits

166 476

Borrowings from F. R. bank
69 000

Borrowings from other banks

8 050

All other liabilities

311 564

Total liabilities

7. Has this bank been reopened?

no

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

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

no

If so give:

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
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?
Date liquidation was completed

yes
If so give:
8-15-27

Collections:
$

From liquidation of assets

28 208

From assessments on shareholders
Other collections (explain)

215 982

Sale rernaininE assets

14 500
258 690

Total collections

9 477

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

Dividends paid from
collections

741

741

741

General claims. . .. 155 285

155 285

155 285

100%

156 026

156 026

156 026

100%

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Secured claims. . .
Preferred claims...

Total claims.


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

100°7,
i
,

11. Causes of suspension:
Check in the appropriate column those of 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 successive crop failures
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

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

yes

If so, state what industry or type of agriculture

wheat

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

1920 bank was becoming over—extended, unable to collect advances.

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

If so, give dates and amounts of all assessments Usual 100%

superadded liability assessment e25,000
,


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

110

FrDERAL .17F5F1NF' [!AN K

OF SAN FRANCiSCO

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

Type of bank reported—check
appropriate one of the following

1,

• National bank
Name of State

El State bank
O Trust company
O Stock savings bank
O

Mutual savings bank

Washington

O Private bank

•
1. Name of bank

Waterville Savings Bank

2. Date organized 10-20-04

3. Federal reserve district

Date suspended

12

Town or City Waterville

7-24-22

Population of town or city*

Douglas

1200

n
Member or nonmember of F. R. System__ onmember

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

•

County

Outside city of parent bank**

none

none

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

no

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

Organized by Day &Hansen,
farm land and mtg company of Spokane, which organized
other
banks in dry belt. Passed into private ownership when that company became
embarrasseC in
1920.


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

6. Condition figures, as of (date*)

7-24-22

Loans and discounts:
$

On real estate

not segregated

Other
408 491

Total loans and discounts

5 276

Real estate acquired in satisfaction of debts
Investments

18 181

c°, t)

36 558

All other resources

468 506

Total resources
Capital

50 000

Surplus and undivided profits

21 417

Deposits:
604

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

101 347

Time deposits, including postal savings

102 577
204 531

Total deposits
Borrowings from F. R. bank

192 558

Borrowings from other banks
All other liabilities
Total liabilities

7. Has this bank been reopened?

46R 506

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'

• to

If so give:

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

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total
no

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

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

yes

If so give:

2-11-27

Collections:
From liquidation of assets

98 210

From assessments on shareholders

15 681

Other collections (explain)

Sale remaining assets

7 975
121 866

Total collections

121 718

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

Secured claims...

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Not report d as to portion liquidated from collectionls.

Preferred claims.
General claims.... _ 223 922

76 282

76 282

Total claims. ... _223 922

76 282

76 282


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

- 413 --t 71t513
,

3+01

11. Causes of suspension:
Check in the appropriate column those of 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...4..succ.e.ssiv.e..cro.p
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).
AEA: .1and developrrent policies
1PP.
Day & Hansen, Sec. &Mtg. Co. over-expansion land
values (organizers of bank).
Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry •
or agriculture?

Yes

If so, state what industry or type of agriculture

Wheat

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension? Examiner states "trouble was laid by Day 8:Hansen Co. owners second
class lands. in colonization efforts. financed farmers with insufficient capital,
...values deceptive in that .. would loan large percent purchase price, taking mtg."
12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?

After suspension
its°, give dates and amounts of all assessments Usual

superadded liability :
-150,000


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

•

:
FFnERAL fV5- :.SE1VVE BANK OF SP.N FRAritIISCO

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

EJ State bank
E]

Trust company

O Stock savings bank
O

Nifutual savings bank

Washington

El Private bank

4,

This bank was in process of voluntary liauidation when closed; it was to meet department's requirements relative to progress in liquidation that false entries were made.
1. Name of bank

2. Date organized

White Swan Bank

-1-1
706

3. Federal reserve district

Date suspended

12

Town or City

7-23-29

White Swan

County

Population of town or city*

Member or nonmember of F. R. Systen

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

None

Yakima

100

Non -member

7-23-29

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

$ Not segregated

On real estate
Other

$

Total loans and discounts

7 233

Real estate acquired in satisfaction of debts

7J 733

Investments

5,685

All other resources

12 918

Total resources
Impaired (40000)

Capital

7 529

Surplus and undivided profits
Deposits:
$

Due to banks**

465

Demand deposits, including U. S. Govt. deposits

2 457

Time deposits, including postal savings

2 466
5 389

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

12 918

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)
Dividends paid from
collections

Claims allowed

Secured claims... .

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

None

Preferred claims...

61

None

General claims. . ..

7 913

None

Total claims... .

,

10. Has this bank been finally liquidated?

If so give:

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

Claims allowed

Secured

claims

Preferred claims
General claims
Total claims


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

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

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

X

Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify).. instlaiiw.13p,piness for bank at
that point.

X

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

1
1,

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?

1925 - covers period of defalcation, however bank had been under
voluntary liquidation for some years.

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

Daid 485o

Yes

If so, give dates and amounts of all assessments

to cover impairment of capital.

stock following failure, a0,000.


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

1917

Superadded assessment against

•

xED/..Tiff'd_ RE-SE/I'VE BANK CJr S P,14
P:PANCisco

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

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

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

s
•
WashinE ton

O Private bank

•
1. Name of bank

2. Date organized

Wilson Creek State Bank

8-26-12

3. Federal reserve district

Town or City Wilson Creek

Date suspended 12-4-28

12th

Outside city of parent bank**

Population of town or city* 1500

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

Grant

Member or nonmember of F. R. System_nonme mber

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

Organized by Union Securities group

County

none

12-4-28

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

$

On real estate

not segregated

Other
Total loans and discounts

$ 194 200
4 800

Real estate acquired in satisfaction of debts

75,C)

Investments

21 596
36 558

All other resources

257 154

Total resources

15 000

Capital

10 086

Surplus and undivided profits
Deposits:
1 511

Due to banks**

75 635

Demand deposits, including U. S. Govt. deposits

154 475

Time deposits, including postal savings

$ 231 642

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

425

All other liabilities

257 154

Total liabilities
yes

7. Has this bank been reopened?
Date of reopening

3-4-29

Name under which reopened
Loss to depositors on:

If so give:

Wilson Creek State Bank,
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims

Waived in reorganization — no itemized
report on file

60%

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


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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:

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

(Amounts in dollars)
Claims allowed

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


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Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

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

Primary
cause

Contributing
cause

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

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?

December, 1928, about time of failure of Exchange Natl. Bank.

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

•

suspension
?
yes, after
bank suspended
If so, give dates and amounts of all assessments Stockholders
paid $25,000 assessment against stock, and increased capital to $25,000 (by
10,000)


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

FEDERAL tiESERVET BANK OF SAN
:
FRANCISCO

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

M State bank

O Trust company
O Stock savings bank
O

Mutual savings bank

Washington

O Private bank

•
L Name

Withrow State Bank

2. Date organized 8-26-13

3. Federal reserve district

Date suspended

7-11-22

12

County Douglas

Population of town or city*

150

nonmember
Member or nonmember of F. R. System_

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

Outside city of parent bank**

•

Withrow

Town or City

none

none

5. Was this bank a member of a chain or group? If so give the name of the chain or group Inland Empiiv Land
Company controlled this bank, as well as Ruff State Bank, which later also failed.
* Latest census figures or estimate as shown in bankers' directory.
** Attach a list giving the name and location of each outside branch at time of suspension.

Group


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Federal Reserve Bank of St. Louis

6. Condition figures, as of (date*)

7-11-22

Loans and discounts:
$

On real estate
Other

none
319 159
319 159

Total loans and discounts

26 950

Real estate acquired in satisfaction of debts
(/

Investments

6 t5./3

47 776
44 390

All other resources

438 275

Total resources
Capital

25 000

Surplus and undivided profits

13 015

Deposits:
$

Due to banks**

1 147

Demand deposits, including U. S. Govt. deposits

103 041

Time deposits, including postal savings

100 608
$

Total deposits

204 795

Borrowings from F. R. bank
159 695

Borrowings from other banks

15 769

All other liabilities

438 275

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
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total
no

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Secured claims.. ..
Preferred claims..

_

General claims. .
Total claims..

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

yes

If so give:
2-17-27

Collections:
$ 14 678

From liquidation of assets
From assessments on shareholders

5 640

Other collections (explain)

1 650

Total collections

21 968
$ 249 307

Offsets to claims (loans paid, etc.)
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

Not reported as to portions paid from general clai
.......

General claims. .. . 144 961

11 959

Total claims.... _1_14 961

11 959


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

Payments from
guaranty fund

—

11 959
11 959

'

11. Causes of suspension:
Check in the appropriate column those of 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 Crop failures, frozen paper
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Gradual

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

The at

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

1920 bank became extended

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


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

If so, give dates and amounts of all assessments
rs superadded liability,

Usual

•

•icEOERAL

SE!VE

Ei.,ANK

OF SAN FRAN

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

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

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

National bank

Name of State

O State bank
O Trust company
O Stock savings bank
O

Washington

Mutual savings bank

O Private bank

•
1. Name of bank

2. Date organized

Central Bank & Trust Co

6-1-10

3. Federal reserve district

Town or City Yakima

Date suspended 1-27-21

12

Population of town or city*

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

Yakima

000
20,

Member or nonmember of F. R. System nonmember

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

•

County

no

6. Condition figures, as of (date*)

1-27— 21

Loans and discounts:
$ Not reported seperately

On real estate
Other

$ 563 097

Total loans and discounts

7 900

Real estate acquired in satisfaction of debts

58 608

Co 2-1 j 70-5-.

Investments

127 105

All other resources

756 710

Total resources
Capital

50 000

Surplus and undivided profits

10 558

Deposits:
67 722

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

208 172
187 722
$ 463 626

Total deposits
Borrowings from F. R. bank

228 695

Borrowings from other banks

3 829

All other liabilities

756 710

Total liabilities

7. Has this bank been reopened?

no

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

If so give:

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

Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total
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?

Yes

If so give:

7-30-27

Date liquidation was completed
Collections:

262 022

From liquidation of assets

15 700

From assessments on shareholders
Other collections (explain)

Sale remainine assets

6 500
289 222

Total collections

269 889

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

Secured claims

Dividends paid from
collections

Payments from
guaranty fund

Not reported as to portions paid

Total payments

Y

Preferred claims..

.17 139

17 139

—

3 7 139

General claims....

474 295

154 496

—

_154 496

Total claims. ...

491 434

171 635


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

Per cent of payments
to claims allowed

171 635

100%

.
32 5%
3+13

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

Primary
cause

Contributing
cause

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

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

Agriculture

411,

yes

If so, state what industry or type of agriculture

Fruit and Vihe at

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

Bank did not have a consistently conservative management at any time.

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

1917-50% assessment, $25,000, Prior to this there was reorganization of
stock in which bad assets were removed, amount not reported on.
Usual superadded liability assessment following failure ;50,000.


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
eggs'if

0 National bank
Name of State

[21 State bank
O Trust company
O Stock savings bank
O

Mutual savings bank

WEST VIRGINIA

O Private bank

1. Name of bank

2. Date organized

Auburn Exchange Bank

1901

3. Federal reserve district

Date suspended

No. 5

Town or City

9-6-29

Auburn,

Population of town or city*

350 (Est)

Member or nonmember of F R. Systern_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 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 Ritchie

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
$// 1 9D7

Total loans and discounts

9'71

Real estate acquired in satisfaction of debts

4,2

1 .2" 7) -(4
/

Investments

17k'

All other resources
Total resources

5

/
c,2

Capital

3.5:00
3
3?

7(S)3

000. oo

Surplus and undivided profits
Deposits:

3. 9

$

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

,/b.2 ,
$

Total deposits

/2 ,2,5133

Borrowings from F. R. bank
Borrowings from other banks
All other liabilities. ..
(4f
-fa.

)
_2 /70557.73
14

Total liabilities

7. Has this bank been reopened?

)'2-<
,

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:

)
1-4

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? /I-

30,1930

If so give payments to date:

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

P
cnt rom
guara ty fund

Per cent of payments
to claims allowed

Total payments

Secured claims. ..
Preferred claims..

p77.-?.//

0/

,zyy.

-..7.y.g./ /00,e;

40,10 L.

7 4
General claims.. . //42, 6. 11 /o_Z•
1
_

Total claims...

fc-"k-1=1,641,

I6'7d

L4Li,3 I 51
),
‘

1110

10. Has this bank been finally liquidated?

If so give:

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

Secured

Dividends paid from
collections

Payments from
guaranty fund

Per cent of payments
to claims allowed

Total payments

claims

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


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

_

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

Primary
cause

Contributing
cause

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

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

W

If so, give dates and amounts of all assessments

0
75,9
C L71

•

(

t

.15 ‘ 3/2,6
/

(Pk

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

at State bank
• Trust company

WEST

111 Stock savings bank
El

VIRGINIA

Mutual savings bank

• Private bank

1. Name of bank

Beni,- of Ben o d

2. Date organized Oct• 1900

3. Federal reserve district

Town or City Benwood

Date suspended 6-10—P5

4
No.

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

Population of town or city*_ '1773

Member or nonmember of F. R. System

None

Outside city of parent bank**

•

None

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

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


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

County tffn

No

Non—member

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
s r/3 /
.
0

Total loans and discounts

2

Real estate acquired in satisfaction of debts
Investments

9/). cc3

/

5YZ

33

c2 377

7,
51 3

All other resources

3

, 6

3V,

Total resources

aoo,Oo

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

7(-?.?0, 3

. (2
7

$147
t7

Total deposits

3?

Borrowings from F. R. bank

24

Borrowings from other banks

Y3

All other liabilities

39.

Total liabilities

7. Has this bank been reopened?

kd

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

I'

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

If so give:

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

Per cent of loss
to claims

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

If so give payments to date:

, (Amounts in dollars)
Claims allowed

Dividends paid from
collections

( -Secured claims. . . /Z‘A,i i
-1

Preferred claims

7,

rgi
,

Payments from
guaranty fund

/./r-

Total payments

Per cent of payments
to claims allowed

fif, 4'
$
/ 2/
-if h
,

/ Li I,13
2

a a I•

ifi
ie,

-

General claims. ..
i

Total claims

7 .....p
_ 7
,_

,,,,
0 0c sxy.

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

i

, ,

11

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

Total payments

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


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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)
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 suspen—

sion?

9-

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

49

V

If so, give dates and amounts of all assessments

3/ /7)
6_1

/9/7,‘,

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

O

State bank

27

National bank
Name of State

O Trust company
O Stock savings bank
O

Mutual savings bank

WEST

VIRGINIA

O Private bank

1. Name of bank Peoples Bank of West VirginiaTown or City Buckhannon,

2. Date organized

5-18-03

3. Federal reserve district

Date suspended 2-5-29

No. 5

County UPshur

Population of town or city* 5000

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

NO

6. Condition figures, as of (date*) .i-a.4-e-

-?

9

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

$59‘JLZ

,
0 ,5-2 ,-50

Real estate acquired in satisfaction of debts
6 /.2)

Investments

7 r,0

/5 9:63 ,I3
/

All other resources
Total resources
Capital

ôov,eo

Surplus and undivided profits

079,

Deposits:
$

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

/3 6,03
a

y,),
3,2,5 763.9/
„4-47/o,2.
$

Borrowings from F. R. bank
Borrowings from other banks

/3
//P -57 3
2

All other liabilities

6.9
743, )

Total liabilities

7. Has this bank been reopened?

L

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?

)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:

bk,a

/r,d

(Amounts in dollars) •
Claims allowed

7130--fri-r-----

00 0

. .,

Dividends paid from
collections

0-

A7

/0

doo
- 5;5V 6,
57

//, A/. /7

0
41 D 7

2/6,17
//7, 0

D.

7575?) ii
a

Total claims

Per cent of payments
to claims allowed

Total payments

//6,,4i 00, o o
4

--. 5 57/. 2
Preferred claims..._ . --;-. ‘ 55;3f/,
General claims...

Payments from
guaranty fund

O
c2o7

Q 5' .°7,79 3''t
ZX

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

A-6

34.,770

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

.

Per cent of payments
to claims allowed

Total payments

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


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

_

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

Primary
cause

Contributing
cause

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

•

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

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

4111P-.00111-ammillr

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

L.-or/1
'

36' /73J.
f

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

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

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

•
1. Name of bank_7
62

et 7114
- 7
/

2. Date organized L
ee-- /7/7 Date suspended

3. Federal reserve district

Mo 3

Ton or City

/90?

ljt44

nej
County

Population of town or city*

Member or nonmember of F. R. System...1 )1
11

IM
-24441-61/

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

kt0
s•

* Latest census 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*)

t•<-

•

Ce0Q-(:7

1 /9.
7,
2
(

Loans and discounts:
On real estate
Other
Total loans and discounts
Real estate acquired in satisfaction of debts

ei;

Investments

30

All other resources
Total resources
01,3; 0'

Capital

o, oe •

—306 ,

Surplus and undivided profits

o

Deposits:

/
o71:

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

52 6 2_,

Time deposits, including postal savings

$

Total deposits

Y7,1Z 5--

Borrowings from F. R. bank
/4 . -- e o •
/3 D,

Borrowings from other banks

75'23

All other liabilities

)
•

Total liabilities
7. Has this bank been reopened? ht

If so give:

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

Amount of loss

Per cent of loss
to claim's

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

•

,'to

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

If so give:

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

Per cent of loss
to claims

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

-/c-2-7
e

If so give payments to date: Q

3

/9`3 43

(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

L
2,37 , ye

(
22 37A,
, ,.7 2 374 •
/
"
4 533 7

General claims

/2,,27,/l

/2

,/,i

'7 /frl
,

Total claims.

If so give:

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

(Amounts in dollars)
Claims allowed

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


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

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

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

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

410

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

, „‘„,
4 ,

If so, give dates and amounts of all assessments
/
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

22

[1] National bank

ai

Name of State

State bank

LI Trust company

'JEST

El Stock savings bank
El

VIRGINIA

Mutual savings bank
Private bank

•
1. Name of bank Brmir of Cairo

2. Date organized

9-25-97

3. Federal reserve district

Town or City Cairo.

Date suspended

No. 5

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

9-17-29

Population of town or city*

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

Ritchie

650 (Est)

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

Outside city of parent bank**

•

County

No

6. Condition figures, as of (date*)

t;

/0
2

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

$

4// 7 td7
/
7
025
-

Real estate acquired in satisfaction of debts
Investments

4
/..?

/3 A5
-7.

13

J 82 ,

All other resources

6

`cf;

Capital

(570 o

oo

Surplus and undivided profits

o?7
/

Total resources

323, 00

Deposits:
$

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

6//9.

c-/7 27,67
c,2/ 0,,=/c2 c.2
$

Total deposits.

734,
71,

Borrowings from F. R. bank
Borrowings from other banks

037,63
,3- 5 20 Y(42
Z;

All other liabilities
Total liabilities

7. Has this bank been reopened?

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

'/

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

If so give:

Name of bank by which taken over
Date taken over
Per cent of loss
to claims

Loss to depositors on:
Amount of loss
Secured claims
Preferred claims
General claims
Total
If so give payments to date:
9. Is this bank still in process of liquidation?
/ (Amounts in dollars)
Dividends paid from
collections

Claims allowed

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Secured claims. ...
Preferred claims..

57 L' 7

5 .3027•W
General claims.. ...3
Total claims...

10.

C

31
,:iZ34f,
‘
1
/1

/9/ 73°,7 I

7
3°i

9ig /7f7
/

/7'o 9'9:‘cl

f4a‘

Has this bank been finally liquidated?

/
14

a
11 17
7.

.5;77,5
41

If so give:

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

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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


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

_

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)el1141

( 4!
.. .

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

36r /93 or

111

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

31_

National bank
Name of State

VI State bank
O Trust company
O Stock savings bank
O

Mutual savings bank

WEST

VIRGINIA

O Private bank

•
1. Name of bank Clarksburg Trust Co.

2. Date organized 9-15-14

3. Federal reserve district

Town or City Clarksburg,

Date suspended 6-7-29

No. 5

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

Population of town or city* 30,000

Member or nonmember of F R System_ Non—member

None

Outside city of parent bank**

O

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 Harrison

No

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

5"93.a>/

g

Total loans and discounts

7-5:azNe,
(70

Real estate acquired in satisfaction of debts

47/.0, 171

Investments

.
/74 o.? 76.75
(25
-33, 925.

All other resources

4/
2

Total resources

17,4 -3,5-1
Dod,e0

Capital

35 Vo,75
)
7

Surplus and undivided profits
Deposits:
$

Due to banks**

4 3, 9,3,4-3
/
1

Demand deposits, including U. S. Govt. deposits

4/6 774 76
,

Time deposits, including postal savings

595;772,a0

Total deposits

$

.39

•

Borrowings from F. R. bank
Borrowings from other banks

•

8%.?/.03q.

,
2SY

/
/0, 7‘9,

All other liabilities

A oz

4
Total liabilitic,

7. Has this bank been reopened?

7-3

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

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

If so give:

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

Per cent of loss
to claims

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

9. Is this bank still in process of liquidation?

3

/q30

Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

P • 7d
d

1
5See7:-eti
' r2 4

Total payments

Per cent of payments
to claims allowed

General claims..
Total claims..

47 6 /,_336, J7

,7,
/d6

,/,i, /47 77

a? ô7

L 3 0Z 5
5 ° 5- 1

Preferred claims..

/Y,O34'. 2,
6 4334_ 0 7
c: 6/, Y34,62
/ '''D ?/ 2. 02a 6 7!

I,
‘6.C3 5' / o

A

a

2

/d

a 7c)

95`3 'o
,

If so give:

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

(Amounts in dollars)
Claims allowed

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


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

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

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

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

eL(/

0
4AS

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
411,
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

30

[1] National bank
Name of State

fEJ State bank
EJ

Trust company
WEST VIRGINIA

LI Stock savings bank
LI Mutual savings bank
[j] Private bank

1. Name of bank

2. Date organized

Farmers Bank

1903

3. Federal reserve district

Town or City Clark burg,

Date suspended 12-13-29

No. 5

County Harrison

Population of town or city* 30 n00

Member or nonmember of F.R—member
System_Non

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*)
Loans and discounts:
On real estate
Other
$

Total loans and discounts

77t
i

Yc

2, 0

Real estate acquired in satisfaction of debts

e‘,2

Investments

D0

,

//// 996

All other resources
Total resources

0

a0

97
0 Dda, pa

Capital

33, .265:6?
-

Surplus and undivided profits
Deposits:
$

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

-0
44,5

53
,

36/ 633, OF
5Y/,

Total deposits

$

7c2 677e7

Borrowings from F. R. bank
Borrowings from other banks

7/77/

All other liabilities

32,
/

77.44

Total liabilities

7. Has this bank been reopened?

)
714

‘
9

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

If so give:

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

Per cent of loss
to claims

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

3D, /,'30

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

/ 0/ 3 7;3.2. AZ 0 -355'. .3 2
,5

claims

Preferred claims...

27 5-6-4,
/ 7 .
2(
/V, ‘
q7Z

General claims

.-

Arv

94-3w //
'3 7e;
,

47/4/ „79,7.O5,7/

Total claims

10. Has this bank been finally liquidated?

H-4

If so give:

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

Dividends paid from
collections

Payments from
guaranty fund

Total payments

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


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

-

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

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

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

or agriculture?

(14)

If so, state what industry or type of agriculture

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

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


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

If so, give dates and amounts of all assessments

/

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

Type of bank reported—check
appropriate one of the following

LI National bank

13
Name of State

gl State bank
[j] Trust company
111 Stock savings bank
[1] Mutual savings bank
ID

WEST

VIRGINIA

Private bank

1. Name of ban

Bank of Davy

2. Date organized 640-20

3. Federal reserve district

Town or City Davy

Date suspended

No. 5

12-24-27

CountyrIcDowell

Population of town or city* 1000

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

No

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

$

577
'

Real estate acquired in satisfaction of debts
Investments

4 °

.7d/
99 2
/

All other resources

370 •

Total resources

Q0d.Od

Capital
Surplus and undivided profits
Deposits:
.
7 42 7a

•

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

/0O/,

7g/, 3/

Time deposits, including postal savings
Total deposits

$

/9f7A 7
- 7

Borrowings from F. R. bank

3, 750,

Borrowings from other banks

,gg- 0
3

All other liabilities
Total liabilities

1-6
7. Has this bank been reopened? ;

0

1/, 3fa,,?1

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

kto

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?

3ô /9'
36

Amounts in dollars)
Claims allowed

Dividends paid from
collections

/5,V 0,e0

Secured claims.

Payments from
guaranty fund

,
/

Total claims.. / 2/944.5
/

I5:

Per cent of payments
to claims allowed

,/o. 4'Z

/- /00, a o
3,

Preferred claims...
General claims.

Total payments

7Lot

70

.7XP

If so give:

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

(Amounts in dollars)
Claims allowed

Secured

claims

Preferred claims
General claims. ...
Total claims


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

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

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

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

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

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


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

If so, give dates and amounts of all assessments

3d /713d'
•

40,2

55

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

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

29

National bank
Name of State

g] State bank
111 Trust company
El Stock savings bank
Mutual savings bank

WEST

VIRGINIA

1=1 Private bank

•
1. Name of bank Monongahela Bank

2. Date organized

1903

3. Federal reserve district

Date suspended

No 5
.

Town or City Fairmont

1-21 —29

County Marion

Population of town or city* 25,000

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

No

7
CVt4. 2 /

6. Condition figures, as of (date*)

/9,2

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

$

(4

30
.71

Real estate acquired in satisfaction of debts
Investments

6

¼5 I DD

/

9cy5/

All other resources
Total resources

/D 0 000
)

Capital

orp

50.72

Surplus and undivided profits
Deposits:
.7

Due to banks**

//g.

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

J7

e /77, 6

Total deposits
Borrowings from F. R. bank

8, oo O 020
77/ qaffi

Borrowings from other banks
All other liabilities
Total liabilities

7. Has this bank been reopened?

14
1

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

If so give:

S. 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:
?
„,,,,..,4_

9. Is this bank still in process of liquidation?

e3e /93ei

Amounts in dollars)
Claims allowed

Secured claims. ..
Preferred claims

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

/26)
17,

.25
-

4)
02)

9,5-72,5
/

9/7/2gi
5

General claims.. .90553774

GVri--- DV

Total claims.. ..

1

10. Has this bank been finally liquidated?

R.
-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

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)
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

was
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

o /93

116

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

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

Type of bank reported—check
appropriate one of the following

12

Eli National bank

pg

Name of State

State bank

• Trust company
[11 Stock savings bank
• Mutual savings bank

WEST VIRGINIA

• Private bank

•
1. Name of bank Bank of Gilbert

2. Date organized

1916

3. Federal reserve district

Date suspended

Town or City Gilbert

4-3-26

.
No 5

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

Population of town or city* 750 (Est)

Member or nonmember of F R. System_lTon—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 Mingo

No

_674cr-2-J

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

$

Other
$ // ,

Total loans and discounts

,
7: Y17 7/

Real estate acquired in satisfaction of debts
Investments

sa?5 ,
75

‘
/- ‘,. t 7
2

All other resources
/- gi 3 6/39
50

Total resources

,0
,.. ---

Capital

eme, (,)

Surplus and undivided profits
Deposits:

93i7

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

3
-3 / d26/7

Time deposits, including postal savings
7‘,

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

/

All other liabilities

30 6.3?

Total liabilities

7. Has this bank been reopened?

0.,51
0

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

.

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

If so give:

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

Per cent of loss
to claims

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

If so give payments to date:

3ô /93 d

(Amounts in dollars)
Claims allowed

Secured

Dividends paid from
collections

,2 cc'. o o

claims

Payments from
guaranty fund

Total payments

X 2o o . oo

Per cent of payments
to claims allowed

/ '
4

Preferred claims...

7,3 24
, .

General claims
Total claims

I

113177,2 z
'

_
/r‘/, 75

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

td
fr

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

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

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

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

it

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

28

0 National bank

Name of State

12 State bank
O Trust company

VEST VIRGINIA

O Stock savings bank
O

Mutual savings bank

O Private bank

1. Name of bankMerchant s & Mechanics Say.Bankrown or City Grafton,

2. Date organized

1891

3. Federal reserve district

Date suspended

10-23-29

.
No 5

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

County Taylor

Population of town or city* 9,000

Member or nonmember of F. R. Systern_Ron—member

None

Outside city of parent bank**

None

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

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


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

No

3

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

//K ,

$

Real estate acquired in satisfaction of debts

5
75

7, .2.7 C

Investments

"C-3:57

s

All other resources

6/7 7, 6,
1/ 2
1

Total resources
Capital
Surplus and undivided profits
Deposits:
$

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

.3

Total deposits

73'7_5-7
97 7z
77,C
$

Borrowings from F. R. bank
Borrowings from other banks

3; 2.c;2
-3

All other liabilities
Total liabilities

7. I-Ias this bank been reopened?

4/57
1

1
1-6

6,

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

AO

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

If so give payments to date:
Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

_
/Z2,7 f60,0d

Secured claims

//

3,/73,71.

Preferred claims..

55 3
General claims.. . 3 /0 •4

'0.
of

../

/75,7/

3,/'3. 7/
5 ,3,
5
-

3. 3°

_5.,,d

,. .

,

Total claims. . .

10. Has this bank been finally liquidated?

3,3d

,., 17Z
);

PLO

/0

0/

If so give:

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

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


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

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

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

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

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen-

/

sion?

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

C,


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

If so, give dates and amounts of all assessments
/

/9'3 - I7;57

0
,

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

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

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

.. Yign

VIRGINIA

0 Private bank

•
1. Name of banialMple s Bank of Grant sville

2. Date organized

11-11-13

3. Federal reserve district

Date suspended

Town or City Grantsville,

7-9-24

No. 5

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

Population of town or city* 1000

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 Calhoun

No

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

973-

?r,

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

9'Y

All other resources
/t9i

Total resources

_3o 000. oo

Capital
Surplus and undivided profits
Deposits:

$'
7

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

117K5:70

Total deposits

,75TXOF

Borrowings from F. R. bank
•

Borrowings from other banks

0

All other liabilities
/%
2

Total liabilities

7. Has this bank been reopened?

72

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

If so give:

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

Per cent of loss
to claims

Loss to depositors on:

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

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Dividends paid from
collections

Claims allowed

< 7, S3
7
2/

Secured claims
Preferred claims..

1 10

Payments from
guaranty fund

Per cent of payments
to claims allowed

4.X7y2-, SO

il,7 12_f_AD_
7

Ai .
0.0 •6
‘
V,

Total payments

..e

'7 C-- S-17
7
4 ,

,„ .

-1

Ic
l

General claims. . . 1'
_64_,_

Total claims. . .

•

g

:
_/_2

64 0,f, / 2

73,

/

If so give:

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

(Amounts in dollars)

•

Claims allowed

Secured claims
Preferred claims.. .
General claims
Total claims


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

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

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

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

io

27,6

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

724
1

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

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

Name of State

State bank

LI Trust company
Stock savings bank

LI Mutual savings bank

WEST. VIRGINIA

O Private bank

•
1. Name of bankles Bank of Harrisvilie

2. Date organized Oct• 1899

3. Federal reserve district

Town or City Harrisvill e

Date suspended 1-21-28

No • 5

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

County Ritchie

Population of town or city* 1500

Member or nonmember of F R. Systemlion—memb_e_r_

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*
Loans and discounts:
On real estate
Other

t/'T'

Total loans and discounts

$ 7-'

SX..9/
2

-52,

Real estate acquired in satisfaction of debts
..1
/
4
9

Investments

9

Y. 0

All other resources

12

9
' 2/9
/9)
,

Total resources

-00 , Oc
/a0 0

Capital

6g

2F,906 ,

Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits

0
,
3 5 ',301
0

Time deposits, including postal savings

$

Total deposits

.0/
73og7

Borrowings from F. R. bank
Borrowings from other banks

/4 221111%

All other liabilities

/61 036

Total liabilities

7. I-las this bank been reopened?

ILe.

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. Iias this bank been taken over by another bank?

Pt.",

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?

,
36; /93 a

If so give payments to date:
Amounts in dollars)

Claims allowed

Dividends paid from
collections

Secured claims..8;9o.o.5

/

Payments from
guaranty fund

3_5

Total payments

Per cent of payments
to claims allowed

., X 7o4 3.5—
.

/D a 7
j

Preferred claims ..
General claims
Total claims

„2/g53.1/

, .' '4 .4_
,

7fr iVf

/ .ii.
.1

10. Has this bank been finally liquidated? Ad

,.._,‘.5-3,4./

94

3

:_5731. -1
;-:--/-1c

If so give:

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

Secured claims
Preferred claims
General claims.
Total claims


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

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

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

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

try 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
r

/7,4", ger

•

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

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

3,2

National bank
Name of State

0 State bank
0 Trust company
El Stock savings bank
O

dest Virgina

Mutual savings bank

O Private bank

•
1. Name of bank

Bank of Hillsboro

2. Date organized Sept.30,1 - ate suspended
)

3. Federal reserve district

f

Town or City

Hillsboro County 20cahontas

12 12 30 Population of town or city*
/ /

h

Member or nonmember of F. R. System_ n o n merah e r

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

Outside city of parent bank**

none

n 0riP

•

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

* Latest census 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

220

none

6. Condition figures, as of (date*)

,_ er 24,1)30
Je-otem

Loans and discounts:
On real estate
Other
$ 1'57,782.95

Total loans and discounts
Real estate acquired in satisfaction of debts

400 00

Investments
46,

All other resources

565.77

205, 748.72

Total resources
Capital

25,000.00

Surplus and undivided profits

17,002.72

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

82,7533.49
44,962.51
.
127,746 00

Total deposits

no

Borrowings from F. R. bank

36,000.00 •

Borrowings from other banks

none

All other liabilities

205,748.72

Total liabilities

7. Has this bank been reopened?
Date of reopening
Name under which reopened
Loss to depositors on:

no

If so give:
XX

xx
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?
Name of bank by which taken over

Yes

If so give:
' •
•

t
an
Lk of lilar linon,

Date taken over

2ebruurr 19,1931

Loss to depositors on:

Public liability assumed by
above bank. No
Amount of loss

Per cent of loss
to claims

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

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Secured

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

claims

Preferred claims
General claims
,
Total claims

If so give:

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

(Amounts in dollars)
Claims allowed

Secured

claims

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


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

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

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

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

AEriculture

•

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? Small farming community and of course depended on crops,
Since 1924 at least
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

Stachalders held for double liability.


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
Ej National bank
Name of State

fj State bank
D Trust company
[1] Stock savings bank
El

Mutual savings bank

WEST. VIRGINIA

[I] Private bank

•
1. Name of bank -American Bank & Trust Co

2. Date organized Oct.

3. Federal reserve district

1902

Date suspended

Town or City Huntington

-4-15-27

No. 5

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

County Cabell

Population of town or city*

Member or nonmember of F. R. System__Non —membiar

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

85 000

No

6. Condition figures, as of (date*)

/f07

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

6/S 07 , /
/
1
/ 3
.
3
.5;50 ...51
0

Real estate acquired in satisfaction of debts

e ,

Investments

7

7/_37

-

All other resources

, FP8/ 47

9Z2-

Total resources
Capital

-5-75:74

Surplus and undivided profits
Deposits:
Due to banks**

$

/37./ 1
,
f75 39
1

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

$

Borrowings from F. R. bank
-54,a.cf,

Borrowings from other banks

()V

All other liabilities

//g

' 1
6-3,1W

Total liabilities

7. Has this bank been reopened?

oo

47

If so give:

Date of reopening
Name under which reopene
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
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... . _

. so give:
If

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

(Amounts in dollars)
Claims allowed

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


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

Dividends paid from
collections

Payments from
guaranty fund

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

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify).4/1.4a .........

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

sVw /rIAJZ

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 assessment't22

0,00

110

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

O Trust company
0 Stock savings bank
O

Mutual savings bank

O Private bank

•
1. Name of ban1L99al Exchange Bank

2. Date organized

12-1—
727

Town or City Hunt i neton

_Date suspended 10-26-28

3. Federal reserve district No • 5

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

ehell

Population of town or city* 85.000

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

None

Outside city of parent bank**

None

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

6. Condition figures, as of (date*)

//

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

$

Real estate acquired in satisfaction of debts

Investments

/71/i
?7/

931/ 9

3 1. 4
5

3/

t75

All other resources

3.

75o/y,
45,

Total resources

O7

/
00

Capital

, d?

Surplus and undivided profits
Deposits:
Due to banks**

/77 &,4

$

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

/0

Total deposits

$

1
332,C77, ,5--

Borrowings from F. R. bank
Borrowings from other banks

72_51).79/

All other liabilities

4_5720

Total liabilities

7. Has this bank been reopened?

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

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

10

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:

Alma
."

(Amounts in dollars)
ividends paid from
collections

Claims allowed

DDO,ea

Secured claims.. . .

iJ''

Payments from
guaranty fund

(
Total payments

846 a 00, a 4.)

add,0 0

Per cent of payments
to claims allowed

aZ

4

Preferred claims...

P1A)---_

37.36
7, 1 57,36
F

General claims.... ,20
Total claims.. ..

6

i
''', did.g
If so give:

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

(Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

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


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

.

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

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

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

Ea/76,

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

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


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

If so, give dates and amounts of all assessments

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.

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

23

National bank
Name of State

to State bank
fl Trust company
O Stock savings bank
0 Mutual savings bank

WEST VIRGINIA

O Private bank

1. Name of ban

2. Date organized

Bank of Jacksonburg

1904

Date suspended

3. Federal reserve district No • 5 'fr
7I

Town or CityJacksonburg

6-22-29

Wetzel

Population of town or city* 700 (Est)

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

4. Number of branches operated: In city of parent bank_N one

Outside city of parent bank**

None

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

6. Condition figures, as of (date*

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

$

L3

00, ea

Real estate acquired in satisfaction of debts

6

Investments

)
73Y

7,510, yo
,

if'4

/-? 13.2-57
(3

All other resources

3/

Total resources
Z5 000

Capital

del

,3 '9'1.2, 77

Surplus and undivided profits

.

Deposits:

yea.2.

$

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

Cig
‘

C
/ 17,Z.37

Total deposits

$

747,2 433

Borrowings from F. R. bank
Borrowings from other banks

•

All other liabilities

&c
2J

Total liabilities
)/
7. Has this bank been reopened? /

57/'
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?

A-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:

./36r

/(Amounts in dollars)
Claims allowed

Secured

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

claims

2 3.2,2

Preferred claims...

/g

General claims

.
5 .41,1,-20

Total claims. ...

'9 3.2 /75—

_5- 7
44

/9 539, 5f
/ °"--- 0 /772 /9
22

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

..2 4 77,2,iy

If so give:

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

Secured

claims

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


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

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

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

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

410

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

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen-

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

0A
1-/


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

-e-taY

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH,
'GROUP AND CHAIN BANKING

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

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

National bank

in

State bank

Name of State

[1] Trust company
El Stock savings bank
[i] Mutual savings bank

WEST

VIRGINIA

LI Private bank

•
ofK ser
Peoples Bank of e
1. Name

2. Date organized Feb. 2, 1900 Date suspended

3. Federal reserve district

No. 5

Town or City Keyser

/1-27-22

County Mineral

Population of town or city* 6003

Member or nonmember of F R System Non—member_

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

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*)

2, v

//22

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

_53z

$

Real estate acquired in satisfaction of debts
5
-

Investments

022 f704.

7-2i / /

All other resources

'?)
a,
v

971,
'7;

/72 25

Total resources

_5- 000, ao
0,

Capital

,2 3,2

Surplus and undivided profits

73

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

62

/73

756,

Time deposits, including postal savings
Total deposits

3

$

Borrowings from F. R. bank
.50 00o,Od •

Borrowings from other banks
All other liabilities

674

Total liabilities

7. Has this bank been reopened?

1'-6

I/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?

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

If so give payments to date:

37 /

(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.

5r,0 p0
I
3 /4.';.??'
;

10 ace, .0 A9 cPcs —
,W
3 /- 7' 33, /C 44
&1 -3,
3,9 /52,fr
3 ,
Yi ")

/, a 70

.1,2/s2,911
• c9,3
'1?3r
./

e

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

/

,re z

If so give:

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

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


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

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

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

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

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

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


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

37
-

•

If so, give dates and amounts of all assessments

0?

/9•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

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

National bank
Name of State

41 State bank
O Trust company
O Stock savings bank
O

Mutual savings bank

V.i rg

....

ia

O Private bank

•
1. Name ofbank3ank of Greenbrier

2. Date organized

1896

3. Federal reserve district

Town or City Lewisb rf•

// 0
Date suspended 12 2 3

fifth

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

Population of town or city*

Member or nonmember of F R. System_

none

Outside city of parent bank**

none

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

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


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

County -Greenbrier

none

1202

non -member

Jeptemer 24,193M

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

$

Total loans and discounts

308,715.72

Real estate acquired in satisfaction of debts
14,500.00

Investments

120,546. 51

All other resources

443,762.23

Total resources
Capital

25,000.00

Surplus and undivided profits

25,000.00

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

250,133.60

88,294.64
$

Total deposits

ncre

Borrowings from F. R. bank

55,000.00

Borrowings from other banks

-M.99

All other liabilities

44,762.23

Total liabilities

7. Has this bank been reopened?

110

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

338,429.24

If so give:
xx
X.K

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?

110

If so give:

Name of bank by which taken over
Xx

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)
s

vt

Claims allowed

Secured

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

claims

Preferred claims
General claims
Total claims

If so give:

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

41

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

Claims allowed

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


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

Dividends paid from
collections

Payments from
guaranty fund

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

Primary
cause

Contributing
cause

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

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

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 ?

d.924

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

Litoaklialder, _a_ase_as_ed 100-1 for their
,
suspension.

•

If so, give dates and amounts of all assessments
since

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

Type of bank reported—check
appropriate one of the following

25

fl National bank
M

Name of State

State bank

LI Trust company
El Stock savings bank
11] Mutual savings bank

WEST VIRGINIA

El Private bank

•
1. Name of bank

Lumberport Bank

2. Date organized 6-20-03

3. Federal reserve district

Date suspended

Lumber port
Town or CityHarrison
County

8-28-29

No 5
.

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

Population of town or city* 1,500 (Est)

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

None

Outside city of parent bank**

None

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

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


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

No

6. Condition figures, as of (date*)

2c
le

5
77;7
7

Loans and discounts:
On real estate
Other

• 0?

$

Total loans and discounts

39

Real estate acquired in satisfaction of debts
Investments

2

5OO, Ôô
33/67,!3

gi

All other resources

,2YZ71-3

Total resources

_34 z, ea , iaa

Capital
Surplus and undivided profits
Deposits:
Due to banks**

-

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

9
3

//4- ,0 Y7,la'
322-523 5
-

Total deposits
Borrowings from F. R. bank

YL/ 5:59,33

Borrowings from other banks
All other liabilities

7,7.34,

Total liabilities

7. Has this bank been reopened?

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

If so give:

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

Per cent of loss
to claims

Loss to depositors on:

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

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

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

Dividends paid from
collections

_3

Payments from
guaranty fund

,72 53

Per cent of payments
to claims allowed

7C
0
,Z7,53 "Z/ 7

74 7, 32_

_5-7/, 1

Total payments

-2
/ 71773
7;

749//, au

0

M35i5 ,V Z,/

Total claims.. . /7/99/9/

,

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

If so give:

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

Secured

claims

Preferred claims
General claims
Total claims


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

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

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

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

•

or agriculture?

c

If so, state what ind stry 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

,J

/: '
9
36

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

Type of bank reported—check
appropriate one of the following

rj National bank
ES State bank

Name of State

0 Trust company
O Stock savings bank
O

Mutual savings bank

.est Virginia

0 Private bank

•

Bank of the M, noncahela Valley
)
-

7 )r7antown County
Town or City 1-

1. Name of bank

12 31/30
/
0ct.4,1988
Date suspended
2. Date organized

3. Federal reserve district

Member or nonmember of F R. System

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

Outside city of parent bank**

•

Population of town or city*

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

none

mOnongalia

15,000

non—member

6. Condition figures, as of (date*) Septe:ber 24,19N
Loans and discounts:
On real estate
Other
$ 4,010,386.03

Total loans and discounts
Real estate acquired in satisfaction of debts

312,477.05

Investments

40 ,398.91

)
1

All other resources

4,726,262.04

Total resources

300,000.00

Capital

200,000.00

Surplus and undivided profits
Deposits:
$

Due to banks**

11,511.5

Demand deposits, including U. S. Govt. deposits

2,082,193-36

Time deposits, including postal savings

1,664,944.65

$

Total deposits

3,758,644.54

Borrowings from F. R. bank
412,258.10
•

Borrowings from other banks

55,359.40

All other liabilities

4,726,262.04

Total liabilities

7. Has this bank been reopened?

0

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

If so give:
xx
XK

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

xx

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

If so give:

4i11- warktnu .on

Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

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

9. Is this bank still in process of liquidation?

mounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

t
Secured

claims

Preferred claims
General claims
Total claims

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

If so give:

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

Secured

claims

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


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

Dividends paid from
collections

Payments from
guaranty fund

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

Primary
cause

Contributing
cause

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

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

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

a', out 2,Tonffernber 1st

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended? not


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

yet

If so, give dates and amounts of all assessments

•

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

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

g

14

National bank
Name of State

State bank

El Trust company
El Stock savings bank
El

Mutual savings bank

11ZST

El Private bank

•
1. Name of bank Bank of Muliens

2. Date organized

1-3-10

3. Federal reserve district

Town or City

Date suspended 4-20-27

No 5
.

Tval1ens

County Wyoming

Population of town or city*

Member or nonmember of F. R System°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

3,00

No

6. Condition figures, as of (date*) a tZ2dj_
z

/9,'

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

$

Real estate acquired.in satisfaction of debts

///

912

6 31

Investments

7336_3,‘

All other resources
Total resources

5
Z9,

Capital

s_54 ôi

Surplus and undivided profits

7 63D
2

Deposits:
Due to banks**

$

/Q/
,q2

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

F,9 3 07
$

Total deposits

9

2

Borrowings from F. R. bank
"74 4o

Borrowings from other banks
All other liabilities

oe
ad

Total liabilities

7. Has this bank been reopened?

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

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

If so give:

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

Per cent of loss
to claims

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

9. Is this bank still in process of liquidation?

(Amounts in dollars)
Claims allowed

Secured claims. ...

Dividends paid from
collections

537-57

_6g

Preferred claims

37

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

/40

-/
—

General claims.. ..

9 /.

/e ,

`7.3.3,1_,(

°

Total claims. . . .

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

If so give:

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

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


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

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

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

Primary
cause

Contributing
cause

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

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

/
9.3 •

40
1

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

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

a State bank
O Trust company
O Stock savings bank
O

Mutual savings bank

WEST

VIRGINIA

O Private bank

•
1. Name of bank Wetzel County Bank

2. Date organized

1890

3. Federal reserve district

Date suspended 10-10-21

No. 4

County Wetzel

Town or Cit

Population of town or city*

Member or nonmember of F. R.Systerr

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

4,000

No

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

$

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

Liq

All other resources

C2;

Total resources
Capital

•.

.)

Surplus arid 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

te^

Total liabilities

7. Has this bank been reopened?

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

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

If so give:
Zga—c-11

Name of bank by which taken over
Date taken over
Loss to deSi ors o
Amount of loss

Per cent of loss
to claims

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

9. Is this bank still in process of liquidation?

(Amounts in dollars)
•

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

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

If so give:

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

(Amounts in dollars)
Claims allowed

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


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 supplemetitary data as may be available.

Primary
cause

Contributing
cause

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

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

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

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


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

If so, give dates and amounts of all assessments

ip

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

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

Type of bank reported—check
appropriate one of the following

2C)

National bank
Name of State

[ji State bank
• Trust company

WEST VIRGINIA

• Stock savings bank
• Mutual savings bank
• Private bank

•
1. Name of bank Peoples Bank of Philippi

2. Date organized

9-15-08

3. Federal reserve district

Town or City Philippi,

Date suspended 11-20-29

No. 5

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

Population of town or city* 1600

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 Barbour

No.

4<e 2 /g; o2
2
/. f

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

,57
$ 3r7/3

Total loans and discounts

/5 7:227./o
-

Real estate acquired in satisfaction of debts

64 71
,9

3t. .j&'r
3

Investments
All other resources
Total resources

/--/0, 400,

Capital
Surplus and undivided profits

4
42 17

a iv

Deposits:
Due to banks**

$

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

5
341

/5:2, ôg . a
14 3 9,

Total deposits

$

/

3

Borrowings from F. R. bank
Borrowings from other banks

000, o0
13;

All other liabilities

/5;/0
2

7.9 6

Total liabilities

7. I-las this bank been reopened?

)6
11

If so give:

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

Amount of loss

Per cent of loss
to claims

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


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

•

8. Has this bank been taken over by another bank?

it
-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
9. Is this bank still in process of liquidation?

If so give payments to date:
Amounts in dollars)

Claims allowed

Secured

v
Dividends paid from
collections

Preferred claims..

ty

.
971 /5

Total claims...

Per cent of payments
to claims allowed

/J ci

g779 4
./.5"

31,,2/(3
07

&)3
/c2 -3.- ,02

4
10. Has this bank been finally liquidated? 1 -4
liquidation was completed
Date

/O7
0

2 3 5-6/,c5(
-

3, yd 8 a F

3---)
(77.

General claims..

/5

Total payments

... -. 5;00D. po

—575, D Co. a 0
-

,5 --- G.Oo, da
.)

claims

Payments from
guaranty fund

37,1-1_

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

Contributing
cause

,7

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen-

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

If so, give dates and amounts of all assessments

,

30* /93o

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

Eli National bank
fici State bank

Name of State

O Trust company
O Stock savings bank

IJ Mutual savings bank

WEST

VIRGINIA

O Private bank

•
1. Name of bankBank of Pine Grove

2. Date organized 6—13-02

3. Federal reserve district

Date suspended

No. 4

Town or City Pine Grove

7-11-25

E
Population of town or city* 500 ( st)

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 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 Wetzel

6. Condition figures, as of (date*
Loans and discounts:

(7'

On real estate
Other
7Z D57,

Total loans and discounts
Real estate acquired in satisfaction of debts

J26 /31

.61 a.

e a.

Investments

,1__J

i,21/15d

All other resources
Total resources

2O

,

Capital
Surplus and undivided profits
Deposits:

71, 4/

Due to banks**

ol

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

g97Y9.(02

Total deposits
Borrowings from F. R. bank
1 0,0D •

Borrowings from other banks

/Z

All other liabilities

67727
3.5,7-20 09

Total liabilities

7. Has this bank been reopened?

kK

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?

/ c)
(

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total
If so give payments to date:

9. Is this bank still in process of liquidation?

Amounts in dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

....._

Secured claims. . . .

/- DAeoa
7
y

GrO a., )°

/.4D.O. 0 o

Preferred claims...

.
9 25- 2./F
' '
f-

/-24 77712

Total claims.

.5--- , Ji/

10. Has this bank been finally liquidated?

44

76 7
6
77,
,

Total payments

Per cent of payments
to claims allowed

7r

7/25217

2_
//6 712

General claims

/ C)
D

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
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?

071/1)

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?

I /-

12. Were there any assessments, voluntary or otherwise, on the directors or stockholders either before or after the
bank suspended?


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

If so, give dates and amounts of all assessments

a
l

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank 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

• State bank
O Trust company
O Stock savings bank
0 Mutual savings bank

WEST

VIRGINIA

LI Private bank

•
1. Name of ban

•H

2. Date organized

11-7-17

3. Federal reserve district

Z •.

••

Town or City Pineville

Date suspended 11-20-28

No 5
.

4. Number of branches operated: In city of parent bank

Population of town or city* "
3

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 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 Wyoming

6. Condition figures, as of (date*)

ne
-u-, 2 0

/

F

Loans and discounts:
On real estate
Other
$

Total loans and discounts

g36.,.3750, 33
?7q, 96

Real estate acquired in satisfaction of debts

,F

01 ' 4.
1 /
1

Investments

22.
, 06 1,6,3
71

All other resources
All

A 77, //C, 29

Total resources

Qae.), a a

Capital

IZO; ? .39
-d,

Surplus and undivided profits
Deposits:
Due to banks**

/55, 76

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

2/O
/

Total deposits

/
7_3.
$

/74 O?7,/

Borrowings from F. R. bank
56,33if,./

Borrowings from other banks

•

All other liabilities

.7//Z79

Total liabilities

7. Has this bank been reopened? )ZIk'

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

S. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:

Per cent of loss
to claims

Amount of loss
Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:

3d /f.3f

Amounts in dollars)
i
'Il Lims allowed
f
lA01
0
..1 .A

.'

0—
0,
Secured c*ms.. . . i,-1 OC
Preferred claims..

Dividends paid from
collections

,

Total claims. . .

'000 j___2124_000
7
'

0

•10. Has this bank been finally liquidated?

"1
214

Per cent of payments
to claims allowed

70.0 0

/0
/000
0

...4
e2-_--

/
, Il

Total payments

3.,C 0C,--

,
3 --' 7iPC —
e

/fer 9 0
'4

General claims..

Payments from
guaranty fund

0

/740040

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims
Preferred claims...
General claims
Total claims


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

lip

4

If so, state what industry or type of agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

•

If so, give dates and amounts of all assessments

/9:36%

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

17

LI National bank

Name of State

State bank

E

Trust company

Li Stock savings bank
Mutual savings bank

WEST

VIRGINIA

El Private bank

•
1. Name of bankPt • Pleasant Trust Co

2. Date organized 8-6-06

Date suspended

Town or City Pt. Pleasant

B —P1-28

3. Federal reserve district No• 5

4. Number of branches operated: In city of parent bank

Population of town or city* 5,000

Member or nonmember of F. R. Systemon—membe_r_

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

* Latest census 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 Mason

No

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
$ __675;15 1
/.

Total loans and discounts
Real estate acquired in satisfaction of debts

4/ 7

Investments

yo6. oo
,” / 7

All other resources

‘.9,71/

Total resources

700, doô , ce

Capital

77 75/, V-O

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits

/54 /2 . /4.
,
L
7//.

Time deposits, including postal savings
Total deposits

$

OZ0-3

o27

Borrowings from F. R. bank
Borrowings from other banks

zjz,y9•

All other liabilities

4Lk , 4

VO/

Total liabilities

7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

If so give:

S. 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
Secured claims

Per cent of loss
to claims

$

Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
Amounts in dollars)

Claims allowed

Secured

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

0

claims

6

Preferred claims...

Total claims. . .

0

11,6-1A,

General claims. ..
'. / So
V6

10. Has this bank been finally liquidated?
Date liquidation was completed

11-0

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

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?
If so, state what i dustry 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

ip

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

21

National bank
Name of State

[2 State bank
O Trust company
O Stock savings bank
O

Mutual savings bank

WEST VIRGINIA

LI Private bank

•
1. Name of bank Pullman State Bank

2. Date organized

1902

3. Federal reserve district

Town or City Pullman

Date suspended 9-5-29

No..5

4. Number of branches operated: In city of parent bank

Population of town or city*

400 (Est)

Member or nonmember of F R System_N°n—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 Ritchie

NO

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
Total loans and discounts

$/ 1 -7: ,
1 47

Real estate acquired in satisfaction of debts

,
F5/

/5D, oe

9, ec1

Investments
All other resources

p:
237c<2 a
1/3/

Total resources

-37, ,0 4•79, 0
-V

Capital
Surplus and undivided profits
Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

—573
t.
7a2 /211
j
$ ,/,27713, 2X'

Total deposits
Borrowings from F. R. bank

_3,335,40•

Borrowings from other banks
All other liabilities

/
/F3 /4Y O?
1

Total liabilities

7. I-Ias this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

•

If so give:

S. Has this bank been taken over by another bank? Ad
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?

w(
If so give payments to date: (1, 5/ /r
Amounts in dollars)

Claims allowed

Dividends paid from
collections

Preferred claims

°

Total payments

96/3Q
/

Per cent of payments
to claims allowed

3 735:4'63

.31/30

.

Secured claims.

Payments from
guaranty fund

5
"7. .
‘ / 5
,4

General claims. .. j_g0/53

/ Z
6T-2

_ 65,1 / ;
) 5
.--

Total claims.. . /74Y34C /6 ///2..14

O. Has this bank been finally liquidated?
Date liquidation was completed

M5

'57/17

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

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
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

e1 4
12-1(- 1"

•

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
so,

What was the approximate date of the beginning of the difficulty which ultimately caused the suspen-

-74

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

—

QDO,n

•

If so, give dates and amounts of all assessments

z-‘vY

t.tA-t-e

3/

d

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following

24

National bank

LI
DD State bank

Name of State

O Trust company
O Stock savings bank

LI Mutual savings bank

WEST VIRGINIA

0 Private bank

1. Name of bank The Milnelton Bank

2. Date organized 9-1-03

3. Federal reserve district

Date suspended

Town or City Tunnelton

7-23-29

No. 5

4. Number of branches operated: In city of parent bank

Population of town or city* 875 (Est)

Member or nonmember of F R SystemNon—mPmber_

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 Preston

No

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

,2 9,76
-34 /53,77

Total loans and discounts

$ _52

Real estate acquired in satisfaction of debts

/7; %fig,40
?
/-/7 , 4

Investments
All other resources

/,3

Total resources
Capital

_570 070, cti
/
-

Surplus and undivided profits

5,j

óD.

Deposits:
Due to banks**

$

79,

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings
Total deposits

3

$

Borrowings from F. R. bank
/sO

Borrowings from other banks

,2

r,

All other liabilities
0

Total liabilities

7. Has this bank been reopened? 114

331,.37

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

8. Has this bank been taken over by another bank?

If so give:

Name of bank by which taken over
Date taken over
Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
9. Is this bank still in process of liquidation?

If so give payments to date:
Amounts in dollars)

Claims allowed

D vidends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed
53,Pc
i

Secured

/09,4 5
,2
-

claims

Preferred claims..

9Z

A.552./7

.9q404

General claims

io,.7?

- / 6.4,2/3

Total claims. . ..

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured

claims

Preferred claims
General claims
Total claims. .. .


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify

.444,4 -art-t-41
11
,,
/

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

9'3O

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
O

National bank
Name of State

El State bank
O Trust company
O Stock savings bank
O

Mutual savings bank

WEST

VIRGINIA

O Private bank

•
1. Name of bank The Wallace Bank

2. Date organized 6-0..03

3. Federal reserve district

Date suspended

Town or City Wallace

9-14-24

No. 5

4. Number of branches operated: In city of parent bank

Population of town or city* 600 (Est)

Member or nonmember of F R. System_ Non—membar_

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 Harrison

No

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
0
27Y Z/3
5

Total loans and discounts
Real estate acquired in satisfaction of debts

603:77

Investments
.2.3,

All other resources

yi,7‘

Z 2,ga

Total resources

.5, am).a a
3

Capital

.2 9'd 7.3/

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits

7O
q4 2 2.
z
.

Time deposits, including postal savings
Total deposits
Borrowings from F. R. bank

//4

Borrowings from other banks
All other liabilities

,1%
.
O 1'42

Total liabilities

7. Has this bank been reopened?

ee •

1
16

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?

/(..0

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
Pieferred claims
General claims
Total
If so give payments to date:

9. Is this bank still in process of iquidation?

C.A.A.A...e

3d /

(Amounts in dollars)
fDividends paid from
collections
Claims allowed

Secured cl

C
0-

40o-

Preferred claims.. '

Payments from
guaranty fund

Total payments

______

6

,//
**

4 001

i ...

nil

S-0

•

10. Has this bank been finally liquidated?
Date liquidation was completed

166$ 66

If

General claims..
Total claims.

Per cent of payments
to claims allowed

a- ,i

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured

claims

Preferred claims
General claims
Total claims


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry •
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?

19
/


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

/de

If so, give dates and amounts of all assessments

3e /9_3e

FEDERAL RESERVE COMMITTEE ON
BRANCH, GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank 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
0 Trust company

LI Stock savings bank
O

Mutual savings bank

WEST

VIRGINIA

O Private bank

•
1.

Name of bank Citizens Bank of War

2. Date organized

Date suspended 6-23-30

Jan 1919

3. Federal reserve district

Town or City War

No. 5

4. Number of branches operated: In city of parent bank

Population of town or city*

500 (Est)

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 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

0
County Mel) Ile11

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other
$ c7D,7;L),97
-

Total loans and discounts
Real estate acquired in satisfaction of debts

3,90e • 41

7//, /

Investments
All other resources

3" 5-3
9 4°5
/
'
'

Total resources
c)O.D

Capital
Surplus and undivided profits
Deposits:
‘‘
475
4

Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

0 4-3
'
$ .22 7 :5

Total deposits
Borrowings from F. R. bank

,e) 0, a

Borrowings from other banks

9W,76

All other liabilities

g56

Total liabilities

7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of

loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

If so give:

8. Has this bank been taken over by another bank?
Name of bank by which taken over
Date taken over

/7

Loss to depositors on:
Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims

77.11

Total

If so give payments to date:

9. Is this bank still in process of liquidation?

(Amounts ir(dollars)
Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. ...
Preferred claims.. .
General claims. . ..
Total claims. .. .

10. Has this bank been finally liquidated?

If so give:

Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims. . ..
Preferred claims...
General claims. . ..
Total claims


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name .i)tfa ‘W4
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry •
or agriculture?
If so, state what industry or type of agriculture

What waswas the approximate date of the beginning of the difficulty which ultimately caused the suspension?

12. Were there any assessments, voluntary or othenvise, on the directors or stockholders either before or after the
bank suspended?


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

If so, give dates and amounts of all assessments/
'7I6'

a°V

—41)

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

33

Type of bank reported—check
appropriate one of the following
r] National bank
Name of State

x State bank
Trust company
El Stock savings bank
Mutual savings bank

west Virginia

El Private bank

•
1.

Name of bank

Peoples State Bank

Town or City

ne

County

'1 y

P

.
2. Date organized Fe b. 2,1 99 .L.Date suspended N-0-v_.___2942_3_0Population of town or city* 1 1 00

3. Federal reserve district

th

Member or nonmember of F. R. System_fl0fl1eflher

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

none

Je.dtember 24,1930

6. Condition figures, as of (date*)
Loans and discounts:
On real estate
Other

$

Total loans and discounts

101,564.89

Real estate acquired in satisfaction of debts
none

Investments

69

All other resources

954- 39

171,519.28

Total resources

,000.00

Capital

1,602.77

Surplus and undivided profits
Deposits:
Due to banks**
Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

106,061.74

16, - 54.77
122,416,51

Total deposits

none

Borrowings from F. R. bank

17,500.00 •

Borrowings from other banks

no

All other liabilities

171,519.28

Total liabilities

7. Has this bank been reopened?

n o,

Date of reopening '
Name under which reopened
Loss to depositors on:

If so give:
x
xx
Amount of loss

Per cent of loss
to claims

Secured claims

•

Preferred claims
General claims
Total

no record

* Condition items should be as of date of suspension, if possible, 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
yes

9. Is this bank still in process of liquidation?

If so give payments to date:

(Amounts in dollars)
:To record as Claims allowed
yet
_

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

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

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry
or agriculture?

•

If so, state what industry or type of.agriculture

What was the approximate date of the beginning of the difficulty which ultimately caused the suspension?

.3ank was never able to meet operating expenses.
6hould never
have been organized. Another 3tate Bank in same community

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

Stockholfters will no doubt have to pay their double liability
before business is wound up.

•

FEDERAL RESERVE COMMITTEE ON
BRANCH. GROUP AND CHAIN BANKING

BANK SUSPENSIONS SINCE JANUARY 1, 1921
Report on a separate schedule each bank closed to the public either temporarily or permanently
by supervisory authorities or by the bank's board of directors on account of financial difficulties. This
form should not be used for merged or consolidated banks but should be used for those banks suspended on account of financial difficulties, even though they are subsequently taken over by other
institutions. In case a bank has suspended more than once a schedule should be made out for each
suspension.

Type of bank reported—check
appropriate one of the following
• National bank

a

Name of State

State bank

r] Trust company
El Stock savings bank
E] Mutual savings bank

WEST VIRGINIA

LI Private bank

•
1. Name of bank Merchants, & Miners Bank

2. Date organized

12-22-19

3. Federal reserve district

Town or City

Date suspended 4-14-27

No 5
.

Welch

County McDowell

Population of town or city* 5,500

Member or nonmember of F. R. System Non—member

4. Number of branches operated: In city of parent bankNone

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*)
Loans and discounts:
On real estate
Other
Total loans and discounts

$

tvf,17-,
as / y.2--

Real estate acquired in satisfaction of debts
Investments

1 '
Piqy

7,1,L,7/f

All other resources
Total resources

45/
)

zeo,roo, c
- )4 z/vO 61-6
1,

Capital
Surplus and undivided profits
Deposits:

Demand deposits, including U. S. Govt. deposits

i4Z7r•ii
PS 6

Time deposits, including postal savings

/Or
,

Due to banks**

ffeO. Z,/
2.2?

$ 5j0779

Total deposits
Borrowings from F. R. bank

yes-- coo,ob •

Borrowings from other banks
All other liabilities

41/,

Total liabilities

7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

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?

erl•-•-e.(i•e,

Name of bank by which taken overZte./

77_,./

_

Date taken over
Per cent of loss
to claims

Loss to depositors on:
Secured claims
Preferred claims
General claims
Total

0tr7t.
1
4

9. Is this bank still in process of liquidation?

If so give payments to date:
(Amounts in dollars)

Claims allowed

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

Total payments

Per cent of payments
to claims allowed

Secured claims. ...
Preferred claims.. .
General claims. .
Total claims. .

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured

Dividends paid from
collections

Payments from
guaranty fund

claims

Preferred claims
General claims. . . .
Total claims


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

_

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
If so; state what industry or type of agriculture____a
—

What was the approximate date of the beginning of the difficulty which ultimately caused the suspenWhat
sion?

c --S

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
111

10

National bank
Name of State

Ej State bank

LI Trust company
El Stock savings bank

LI Mutual savings bank
LI Private bank

WEST

Day & Night Bank
1. Name of bank_

2. Date organized

5—I— 19

3. Federal reserve district

Town or City Williamson

Date suspended 3-28-25

No. 5

VIRGINIA

Population of town or city*

10,000

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 Mingo

No

6. Condition figures, as of (date*)

/IA

/,9,2

6--

Loans and discounts:
On real estate
Other
Total loans and discounts

$

Real estate acquired in satisfaction of debts
Investments

3.02,

/

All other resources
Total resources

3a,
/
Id qr
/3 Co
/
/-59 65
533,565',
/Z)0,

Capital

000,

co

/6, 3/0 -5-3—

Surplus and undivided profits

Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits
Time deposits, including postal savings

Y3, 3 VO, 2?
/o 3 (7 9?,9'7
2
$

Total deposits

3g 4Zf5.7

Borrowings from F. R. bank
,
"
5.j7453 51
01

Borrowings from other banks
All other liabilities

3, 5
6

Total liabilities

7.

Has this bank been reopened?

, 5

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

410.

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

_

op—

1 r)n . c,p
100.n O

14z 72,•18

-)",
_2
r7Z

Secured claims. .. ‘' _i_ireig_r_
Preferred claims..

‘,4n 0,90 —

0

D O

-l- -78
,
--

General claims
,,'

Total claims.. ./900-'

/7 liZ3761
;

1I

If so give:

10. Has this bank been finally liquidated?
Date liquidation was completed
Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:

(Amounts in dollars)
Claims allowed

Secured claims •
Preferred claims
General claims. .. .
Total claims


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

Did the slow, doubtful or worthless paper held by the bank represent largely one particular type of industry

•

or agriculture?
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?

-2/

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

1_9

• National bank

Name of State

E State bank
El Trust company

itrEsT

El Stock savings bank

VIRGINIA

• Mutual savings bank
• Private bank

•
1. Name of bank Bank of Winfieid.

2. Date organized 10-7-02

3. Federal reserve district

Town or City

Date suspended 9-13-29

.
No 5

Winfield,County Putnom

Population of town or city*

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 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

300 (Est

6. Condition figures, as of (date*)

/7
---7

Loans and discounts:
On real estate
Other
Total loans and discounts

$ (7
2r(

79, 77

Real estate acquired in satisfaction of debts

1. /p
)

Investments
All other resources

53.5;34ff, 02

Total resources
Capital

30

Surplus and undivided profits

vt
/ /
/7 4 33 •i

000,00

Deposits:
Due to banks**

$

Demand deposits, including U. S. Govt. deposits

3
77

Time deposits, including postal savings

g; 7
/,5'9

17297 Zr
$

Total deposits

9‘,2

2

Borrowings from F. R. bank
/A

Borrowings from other banks

16 •

All other liabilities

3.34-3Z 0.2

Total liabilities

7. Has this bank been reopened?

If so give:

Date of reopening
Name under which reopened
Loss to depositors on:

Amount of loss

Per cent of loss
to claims

Secured claims
Preferred claims
General claims
Total
* Condition items should be as of date of suspension, if possible, otherwise as of the last call or examination prior to suspension.
** Including certified and cashiers' checks, cash letters of credit and travellers' checks outstanding.


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

8. Has this bank been taken over by another bank? At-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:

ç

30 /
/

37

Amounts in dollars)
Claims allowed

,0
e,
Secured claims.. . 3Z-ift , 0

V
Dividends paid from
collections

Payments from
guaranty fund

Total payments

3,2 5aa. a e
i -

0
3 / 5 0 ai
.2 - .

Per cent of payments
to claims allowed

/

.7.

Preferred claims .

2,5; 500,oo

General claims
Total claims. ..

L7

6

3,2,5e'd,
"5:-io?,,
5
M

0
14/ r 0 °(',0
/

10. Has this bank been finally liquidated?
Date liquidation was completed

If so give:

Collections:
From liquidation of assets
From assessments on shareholders
Other collections (explain)
Total collections
Offsets to claims (loans paid, etc.)
Payments to depositors:
(Amounts in dollars)
Claims allowed

Secured claims. .
Preferred claims
General claims
Total claims. . .


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dividends paid from
collections

Payments from
guaranty fund

Total payments

Per cent of payments
to claims allowed

11. Causes of suspension:
Check in the appropriate column those of the following which apply, either as primary or contributing
causes, amplifying the indicated causes with such supplementary data as may be available.

Primary
cause

Contributing
cause

Decline in real estate values
Losses due to unforeseen agricultural or industrial disasters such as floods,
drouth, boll weevil, etc
Insufficient diversification
Incompetent management, i.e., poor credit judgment, laxity in collections,
lack of enterprise, etc
Defalcation
Heavy withdrawals of deposits
Failure of affiliated institution (Name)
Failure of correspondent (Name)
Failure of large debtor (Name)
Other causes, (specify)

"9
--

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

de-tc=_-/
- 2
6

If so, give dates and amounts of all assessments

•


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis