Full text of Records of the Federal Reserve System, Record Group 82 : FR Banks: Location (Apr. 16, 1914-1954) Part 2, Box 591, Folder 8

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Form

END

SHEET

KIND OF MATERIAL OR NUMBER

301.

NAME OR SUBJECT

Location
FRBanks

DATES (Inclusive)

Apr 16 1914 — 1931 — NV+

PART NUMBER

Part 2

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Federal Reserve Bank of St. Louis

•
•
REC'D IN RECORDS SECTION
F.:3 2 51957
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4

CORNER ADDRESSES OF FRBANKS
Boston
New York
Buffalo
Philadelphia
Cleveland
Cincinnati
Pittsburgh
Richmond
Baltimore
Charlotte
Atlanta
Birmingham
Jacksonville
Nashville
New Orleans
Chicago
Detroit
St. Louis
Little Rock
Louisville
Memphis
Minneapolis
Helena
Kansas City
Denver
Oklahoma City
Omaha
Dallas
El Paso
Houston
San Antonio
San Francisco
Los Angeles
Portland
Salt Lake City
. Seattle

Pearl and Milk Sts.

East 6th St. and Superior Ave.
9th and Franklin Sts.
Calvert and Lexington Sts.
South Tryon and 2d Sts.
18 St. and 5th Ave, North
Carondelet and Common Sts.
Fort and Shelby Sts. 0s31
"
44J174-1.4.
"
6
"
5th and Market Sts.
3d and Jefferson Sts.
Park Ave. and Lawrence St.
10th St. and Grand Ave. ';'•/"t3.--,....
--0,--r-i'factr-/
17th and Arapahoe Sts.
Wood and Akard Sts.
Navarro and Villita Sts.
.•.
Sansome and Sacramento Sts.
64-cf—t-----

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Federal Reserve Bank of St. Louis

•
•

RECD IN RECORDS SECTION
2 51957
)
e /.

July 30, 1954
Miss Dorsey No changes at present. However, we
expect a transfer of branch territory before very
long. This would not change the branch address,
but would change the map on the reverse. I would
suggest that not too big a supply be printed at
this time.
Dorothy 4erner

7/28/54
Miss Werner :

This has to be reprinted and before doing so we would appreciate your checking for

REC'D IN RECORDS SECTION

any changes in addresses.
Thank you-

m.E.Dorsey

2 51957

LIST OF FEDERAL RESERVE BANKS AND BRANCHES
Address

Federal Reserve Bank of
BOSTON

30 Pearl Street, Boston 6, Massachusetts

NEW YORK
Buffalo Branch

33 Liberty Street, New York 45, New York
270-276 Main Street, Buffalo 5, New York

PHILADELPHIA

925 Chestnut Street, Philadelphia 1, Pennsylvania

CLEVELAND
Cincinnati Branch
Pittsburgh Branch

East 6th Street and Superior Avenue, Cleveland 1, Ohio
4th and Race Streets, Cincinnati 1, Ohio
717 Grant Street, Pittsburgh 19, Pennsylvania

RICHMOND
Baltimore Branch
Charlotte Branch

9th and Franklin Streets, Richmond 13, Virginia
Calvert and Lexington Streets, Baltimore 3, Maryland
South Tryon and 2nd Streets, Charlotte 1, North Carolina

ATLANTA
Birmingham Branch
Jacksonville Branch
Nashville Branch
New Orleans Branch

104 Marietta Street, Atlanta 3, Georgia
18th Street and 5th Avenue, North, Birmingham 2, Alabama
515 Julia Street, Jacksonville 1, Florida
228 3rd Avenue, North, Nashville 3, Tennessee
Carondelet and Common Streets, New Orleans 11, Louisiana

CHICAGO
Detroit Branch

230 South LaSalle Street, Chicago 90, Illinois
160 West Fort Street, Detroit 31, Michigan

ST. LOUIS
Little Rock Branch
Louisville Branch
Memphis Branch

411
121
5th
3rd

MINNEAPOLIS
Helena Branch

73 South 5th Street, Minneapolis 2, Minnesota
Park Avenue and Lawrence Street, Helena, Montana

Locust Street, St. Louis 2, Missouri
West 3rd Street, Little Rock, Arkansas
and Market Streets, Louisville 1, Kentucky
and Jefferson Streets, Memphis 1, Tennessee

925 Grand Avenue, Kansas City 6, Missouri
KANSAS CITY
17th and Arapahoe Streets, Denver 17, Colorado
Denver Branch
Oklahoma City Branch 226 West 3rd Street, Oklahoma City 1, Oklahoma
1701-5 Dodge Street, Omaha 2, Nebraska
Omaha Branch
DALLAS
El Paso Branch
Houston Branch
San Antonio Branch

Wood and Akard Streets, Dallas 13, Texas
351 Myrtle Avenue, El Paso, Texas
1301 Texas Avenue, Houston 1, Texas
Navarro and Villita Streets, San Antonio 6, Texas

SAN FRANCISCO
Los Angeles Branch
Portland Branch
Salt Lake City Branch
Seattle Branch

400 Sansome Street, San Francisco 20, California
409 West Olympic Boulevard, Los Angeles 54, California
915 S.W. Stark Street, Portland 8, Oregon
70 East South Temple Street, Salt Lake City 10, Utah
1015 2nd Avenue, Seattle 14, Washington

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Federal Reserve Bank of St. Louis

c,7

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Federal Reserve Bank of St. Louis

FEDERAL RESERVE SY§TEM

•

BOUNDARIES OF FEDERAL RESERVE DISTRICTS
AND THEIR BRANCH TERRITORIES

Sea,,'

v30
(
P0-

Omaha

KANSAS CITY

•
•

Oklahoma City
•
Little Rock

DALLAS®

I11f
Houston
•;)

BOUNDARIES OF FEDERAL RESERVE DISTRICTS
San Antonio

New Orleans
slW

BOUNDARIES OF FEDERAL RESERVE BRANCH TERRITORIES
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
O

FEDERAL RESERVE BANK CITIES

•

FEDERAL RESERVE BRANCH CITIES

APRIL I 1954
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

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Federal Reserve Bank of St. Louis

•

•
•

REM) IN RECORDS SECTION
'
- 7R 2 51957
'

October

1953

Mr. Surguy I am returning the address list
you sent for checking. Other than the
changes indicated, I have only one comment.
For Jacksonville, I have 515 Julia Street,
Jacksonville 2, Fla., or, mailing address,
P.O.Box 929, Jacksonville 1, Fla. You are
probably using the mailing address zone number
purposely.
Also attached is some correspondence
concerning addresses. The incoming wire should,
of course, be sent to General Files, but you
may keep the carbon copies of the other material
in your own files.
Will you please send me a copy of
when printed?
list
new
the
While I was trying to verify some
of these addresses, it was suggested that
before the list is printed next time we
ask the Banks to go over it.
"fv`^
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Federal Reserve Bank of St. Louis

•
•

LIST OF FEDERAL RESERVE BANKS AND BRANCHES
Federal Reserve Bank of

Address
(c.

BOSTON

30 Pearl Street, Boston 6, Massachusetts

NEW YORK
Buffalo Branch

33 Liberty Street, New York 45, New York
270-276 Main Street, Buffalo 5, New York

PHILADELPHIA

925 Chestnut Street, Philadelphia 1, Pennsylvania

CLEVELAND
Cincinnati Branch
Pittsburgh Branch

East 6th Street and Superior Avenue, Cleveland 1, Ohio
4th and Race Streets, Cincinnati 1, Ohio
717 Grant Street, Pittsburgh 19, Pennsylvania

RICHMOND
Baltimore Branch
Charlotte Branch

9th and Franklin Streets, Richmond 13, Virginia
Calvert and Lexington Streets, Baltimore 3, Maryland
South Tryon and 2nd Streets, Charlotte 1, North Carolina

ATLANTA
Birmingham Branch
Jacksonville Branch
Nashville Branch
New Orleans Branch

CHICAGO
Detroit Branch

230 South LaSalle Street, Chicago 90, Illinois
160 West Fort Street, Detroit 31, Michigan

ST. LOUIS
Little Rock Branch
Louisville Branch
Memphis Branch

411 Locust Street, St. Louis 2, Missouri
121 West 3rd Street, Little Rock, Arkansas
5th and Market Streets, Louisville 1, Kentucky
3rd and Jefferson Streets, Memphis 1, Tennessee

MINNEAPOLIS
Helena Branch

73 South 5th Street, Minneapolis 2, Minnesota
Park Avenue and Lawrence Street, Helena, Montana

KANSAS CITY
Denver Branch
Oklahoma City Branch
Omaha Branch

925 Grand Avenue, Kansas City 6, Missouri
17th and Arapahoe Streets, Denver 17, Colorado
226 West 3rd Street, Oklahoma City 1, Oklahoma
1701-5 Dodge Street, Omaha 2, Nebraska

DALLAS
El Paso Branch
Houston Branch
San Antonio Branch

Wood and Akard Streets, Dallas 13, Texas
351 Myrtle Avenue, El Paso, Texas
1301 Texas Avenue, Houston 1, Texas
Navarro and Villita Streets, San Antonio 6, Texas

SAN FRANCISCO
Los Angeles Branch
Portland Branch
Salt Lake City Branch
Seattle Branch

FEDERAL RESERVE SYSTEM
BOUNDARIES OF FEDERAL RESERVE DISTRICTS
AND THEIR BRANCH TERRITORIES

'
Helen a

ott

Buttal°

Detroit

Val
o

?"14G-TOti
*N4ASV"
Cincinnati

KANSAS CITY'i

Nashville

Charlotte

Oklahoma City
•
Little Rock

Jackson

BOUNDARIES OF FEDERAL RESERVE DISTRICTS

—
Houston
New Orleans
•
:,-• I•
San Antonio

BOUNDARIES OF FEDERAL RESERVE BRANCH TERRITORIES
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

FEDERAL RESERVE BANK CITIES

•

FEDERAL RESERVE BRANCH CITIES

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Federal Reserve Bank of St. Louis

•

OCTOBER I.

/97

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYST M

•

cerl

OILES SECTIO
OCT 1 61953

.
:301
/
1
4

.1
)
LIST OF FEDERAL RESERVE BANKS AND BRANCHES
Federal Reserve Bank of

Address

BOSTON

30 Pearl Street, Boston 6, Massachusetts

NEW YORK
Buffalo Branch

33 Liberty Street, New York 45, New York
270-276 Main Street, Buffalo 5, New York

PHILADELPHIA

925 Chestnut Street, Philadelphia 1, Pennsylvania

CLEVELAND
Cincinnati Branch
Pittsburgh Branch

East 6th Street and Superior Avenue, Cleveland 1, Ohio
4th and Race Streets, Cincinnati 1, Ohio
717 Grant Street, Pittsburgh 19, Pennsylvania

RICHMOND
Baltimore Branch
Charlotte Branch

9th and Franklin Streets, Richmond 13, Virginia
Calvert and Lexington Streets, Baltimore 3, Maryland
South Tryon and 2nd Streets, Charlotte 1, North Carolina

ATLANTA
Birmingham Branch
Jacksonville Branch
Nashville Branch
New Orleans Branch

CHICAGO
Detroit Branch

230.South LaSalle Street, Chicago 90, Illinois
160 ort Street,
Detroit 31, Michigan

ST. LOUIS
Little Rock Branch
Louisville Branch
Memphis Branch

411 Locust Street, St. Louis 2, Missouri
121 West 3rd Street, Little Rock, Arkansas
5th and Market Streets, Louisville 1, Kentucky
3rd and Jefferson Streets, Memphis 1, Tennessee

MINNEAPOLIS
Helena Branch

73 South 5th Street, Minneapolis 2, Minnesota
Park Avenue and Lawrence Street, Helena, Montana

925 Grand Avenue, Kansas City l< Missouri
KANSAS CITY
17th and Arapahoe Streets, Denver 17, Colorado
Denver Branch
Oklahoma City Branch 226 West 3rd Street, Oklahoma City 1, Oklahoma
1701-5 Dodge Street, Omaha 2, Nebraska
Omaha Branch

-LCA

DALLAS
El Paso Branch
Houston Branch
San Antonio Branch

Wood and Akard Streets, Dallas 13, Texas
351 Myrtle Avenue, El Paso, Texas
1301 Texas Avenue, Houston 1, Texas
Navarro and Villita Streets, San Antonio 6, Texas

SAN FRANCISCO
Los Angeles Branch
Portland Branch
Salt Lake City Branch
Seattle Branch

te.
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Federal Reserve Bank of St. Louis

FEDERAL RESERVE SYSTEM
BOUNDARIES OF FEDERAL RESERVE DISTRICTS
AND THEIR BRANCH TERRITORIES

SAN PR:4NC/80
O

Jacksonv ille
BOUNDARIES OF FEDERAL RESERVE DISTRICTS

Houston
•

New Orleans

BOUNDARIES OF FEDERAL RESERVE BRANCH TERRITORIES
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
0

FEDERAL RESERVE BANK CITIES

•

FEDERAL RESERVE BRANCH CITIES

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Federal Reserve Bank of St. Louis

OCTOBER I. 1945
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

I) IN rIL1

r.AaTurt-

JUN 17 1.53

JOne 10, 1953.
Chairman Martin
R. F. Leonard

Attached for your consideration is a draft of comment

hich

might be made in discussing with the Presidents the study which has
been suggested regarding Federal Reserve district and branch bolundar-

Attachment

RZL:jbe

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Federal Reserve Bank of St. Louis

• y-wir Tti rurirITTCVAt

1MFD IN FILES SECTION

JUN 1 7 1953
Draft of Comeents the Chairman Night
Make in Dismissing with the Presidents
the Suggeston that a Study be Made of
Federal Reserve Bank ami Branch Terri
At the March meeting of the Conference I suggested that the Presidents
review quietly the situations in their respective districts to ascertain whether
developments since existing boundaries were established would call for changes
in district lines or branch moms. We are wandering how far such studies have
gone and what they indicate so far.
The purpose of the suggestion vas not to enoourage or discourage addl.tionai branches or changes in district boundaries. However, the district boundaries were determined forty years ago awl all but two of the branches is sstablished over thirty years ago. Since the boundaries were first established changes
in them have been very few. Accordingly, it seemed desirable that the Reserve
Banks and the Board review the over-all situation in the endeavor to determine
whether the boundaries are now well adapted to serve agriculture, casaeroe, and
industry, or whether changes should be made to improve the services for which
the Reserve Banks were established.
The Board has taken the position that branches should not be establiabed
raerebr to gratify civic pride. It does not eons reasonable that a branch be
established to promote the develaiment of a financial center. la can hardly &Menlo
however, to ignore changes that have developed over a Ian period of tbee.
Obviously, data to be oceprelvanded in any each studies would include
factual data which are matters of record and can be studied objectively, such as:

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Federal Reserve Bank of St. Louis

1. Volume and trends of bank deposits and debits.
2. Other ecionceic data, with particular reference
to treadilis which reflect growth or shifts in
business activity.

3. Transportation facilities, and time and di
of areas from a Federal Reserve office,

•

2
BOallrimporiamt are develvaaats and trends in business which do
not land themselves se readily to statistical analysis. For example, do cam.
monies which formerly looked to one city as their shopping and financial
center now look to another; have shifts in the direction of business activity
occurred to such an extent as to indicate that areas farmer* best served from
one Pederal Reserve office would :macre logically be served from another?
Ve are concerned about keeping the Federal Reserve organization a
living and growing one, best adapted to serving the country's needs as they
WNW

Change from time to time, and are not content simply to maintain& rigid

and perhaps outmoded pattern.
Last March I suggested that for obvious reasons the review be made
without entering into discussions with member banks at this stage. I believe
vs should continue the study in that fashion,

RFL jbe
6-1043

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Federal Reserve Bank of St. Louis

Mk. Myrick
J. N. Kiley

In accordance with your request, I have reviewed the question
as to data that could be assembled for consideration of Federal Reserve
territories or cities and whether such data is readily available. As you
suggested I limited the review to data originated or compiled by the Board
or by various Government departments as indicated by their publications.
To determine the extent to which data compiled or analysed in
the Division of Research and Statistics might be used the subject was
discussed with certain of the Section Chiefs in that Division.

The re-

sults of these informal inquiries may be summarised as follows:
1. The majority of the data analyzed in the various Sections
of the Division of Research and Statistics is compiled from information
furnished by the Reserve Banks or certain Government departments. In
general thesedatalireobtained on a national, regional or state basis and
it is doubtful if it can be obtained on a metropolitan area, county, or
city level. These latter breakdowns being a must for the purposes we
have in mind.
2. One exception to this is the statistics for department store
sales which are originated at the Reserve Banks for their respective districts with national data being compiled at the Board. For current years
the data can be supplied by the Board as to Federal Reserve districts,
metropolitan areas, and cities, however, for prior years statistics for
selected cities it will be necessary to obtain additional information from
the Reserve Banks.

3. Each of the sections would be glad to pursue the subject
further insofar as their particular subjects are concerned, i.e., they
would endeavor to obtain the information for any desired areas and period
of time and analyse it as to the economic trend. No one section had the
data for an overall review of an area or locality.
With regard to statistics on banking, that is the number of banks
in any given region, deposits, bank debits, etc., such data can be worked

l,ge/.

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Federal Reserve Bank of St. Louis

)D,

FOR FILES
J. N. Kiley

up in the Division of Bank Operations. Evidence of this is the material
included in the volume "Banking and Monetary Statistics.
, and the report
on "Distribution of Bank Deposits by Counties and Standard Metropolitan
Areas, June 30, 1952s. Supplemental information as to banking is often
contained in examination reports where,in addition to comments on the
condition of an individual bank, the economic trend of an area is di.—
cussed.
Information available in the Library on the various reports and
data prepared by Government departments indicates that the major compilation of usable data is by the Bureau of the Census. In 1950 the
Bureau published a statistical abstract supplement entitled "County and
City Data Book 194900, which presents in compact form various data for
States, standard metropolitan areas, counties, and cities having 25,000 in
population and over.
A new edition of this Book as of 1952 will be printed this year
and attached is a statement giving the column headings that are to be
used for this edition. This statement shows very clearly the data that are
compiled by the Bureau. In general, the data published in this manner
appear to include information that is highly desirable for our purposes
and the only question is whether or not comparable data is available for
prior years. To determine this it will be necessary to contact the Bureau
of the Census.
In the discussion of other data that might be used, such as

r
ari r.

state income payments, various agriculture and livestock production figures
and data on minri

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Federal Reserve Bank of St. Louis

State or regional basis only, but here again it will be necessary to contact the Government departments concerned such as the Bureau of Labor
Statistics, Bureau of Agricultural Economics, and the Bureau of Mines.
I have not taken any steps in this direction.
Information as to mail schedules and the volume of mail handled
for any particular city can be obtained from the Poet Office Department.
Such data are not published and I understand not generally available, however, it does exist and can be obtained. The mail schedules give complete
information as to the arrival and departure times of all mail connections
for every city where a post office is located. The volume of mail handled,
both incoming and outgoing, could be indicative of the growth of a partioular area and I understand that such data have been used in other economic
studies.
Information as to railroads and airlines with relation to service
available to a particular city or area can be obtained from the *Official
Guide of the Railways" and the “Official Airlines Guide".
Various sources have been suggested other than Government agencies
but it seems as if the majority of them compile data on a regional basis
that doesn't suit itself to our possible needs, while other data is considered as being rough estimates or as being obtained on a sample basis.
A source of outside information about which little is actually known but
which probably could be useful are the data developed by the various public
utilities, principally the telephone omiipanies, wherein they try to estimate
the future economic needs of an area.

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Federal Reserve Bank of St. Louis

-4As a result of the foregoing discussions with members of the
Research staff and review of the data available I have arrived at the
following conclusions:
1. That no matter who makes the contemplated study, whether
the Board's staff, the Reserve Banks, or some professional agency, the
majority of the basic data will be derived from the records of the Bureau
of the Census and other Government departments.
2. That if a list of selected cities or areas could be decided
upon the desired data could be compiled and analysed by the various sections
of Research and Statistics and Bank Operations Divisions, each section
working on the subjects with which they are familiar.

3. That the comparison of data on a standard metropolitan area
basis will be difficult for prior years as the definitions of such areas
have Changed from time to time. It might be noted that there are at present 174 *Standard Metropolitan Areas* and 35 of the Federal Reserve cities
are included. The one Federal Reserve city omitted is Helena and a review
of the latest definitions shows that there are no metropolitan areas in
Montana.
4. That consideration be given to the possibility of having the
Bureau of the Census assemble the desired data on a reimbursable basis or
for a fee as has been done in the past on certain projects.
Also attached are sheets showing the various subjects that might
be considered, depending on the data available, and I have indicated thereon the person or persons the particular subject was discussed with.

Attachments (with original only)

JNK:hb

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Federal Reserve Bank of St. Louis

March 12, 1953.
MEMORANDUM TO:
FROMs

Mr. Myrick
R. F. Leonard

Additional Federal Reserve
Bank Branches

(811140411,a. F.
Ateonaa,,
At the joint meeting of the Board of Governors and the
Presidents of the Fedoral Reserve Banks on March 5, 1953, Chairman
Martin referred to the receipt by the Board recently of a petition
for the establishment of a branch of the Federal Reserve Bank of
Richmond at Columbia, South Carolina, and stated that the petition
vas under study by the Board in the light of the information sibmitted and the position taken by the Board in the past that there
was no real need for the establishment of additional Reserve Bank
branches. He went on to sky that discussion of the application gave
rise to the suggestion that a study be made of Federal Reserve Bank
and branch territories to determine whether changes in transportation
facilities and other conditions since the existing boundaries were
established would call for changes in such boundaries to enable the
Federal Reserve Banks and their branches to serve their member banks
more effectively. The purpose in bringing up the matter at this
meeting, Chairman Martin said, was to suggest to the Presidents the
desirability of their undertaking to review the situation in their
respective districts, without, for obvious reasons, entering into
discussions with member banks or others at this stage, to ascertain
whether there Imre any conditions, either in their districts or
adjoining districts, which would call far changes in district lines
or in their own head office or branch zones. He brought out that
the object of this exploratory study would not be to encourage or to
discourage additional branches, but that the information, together
with the conclusions of the current check collection study, would be
helpfUl in reviewing any changes in Bank or branch territories that
might be made.
President Earhart suggested that it might be well to defer
the study of Bank and branch territories until the results of the
cheek collection study were mailable, to which Chairman Martin
responded that, while the conclusions of the check collection study
would be useful in making any decisions, this was a problem to which
the Board and the Presidents should be devoting attention in the
interim.
Governor Vardaman oommented on the changes in trade trends,
concentration of bank deposits, and other elements since the establishment of the existing Reserve districts and branch territories
which, if considered in the course of an organised study, might
4 /

(C /,

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Federal Reserve Bank of St. Louis

(.9

Mr. Myrick

.
2.

i
indicate the desirability of reallocating territories between Reserve
Banks or establishire additional Banks or branches. At the same times
he said, the availability of information gained from such a study 'would
permit the prompt disposition of any applications for additional branches
that might be received. In the circumstanoes, it me Governor Variaman's
view that, the time had came limn the Presidents owed it to themselves
and to the System to take a positive approach to the problem by
instituting a comprehensive study of the extsting Reserve districts and,
branch territories.
Chairman Martin concluded the discussion Ifith the request that
the Presidents quietly undertake an informal study of the problem in
their respective districts.

RFLtjbe

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Federal Reserve Bank of St. Louis

•
•

REC'D IN RECORDS SECTION
F2B 2 51957

LIST OF FEDERAL RESERVE BANKS AND BRANCHES
Federal Reserve Bank of
BOSTON

Address

NEW YORK
Buffalo Branch

30 Pearl Street. Boston 6, Massachusetts
tf-C
33 Liberty Street. New YorkXNew York
270-276 Main Street, Buffalo 5, New York

PHILADELPHIA

925 Chestnut Street, Philadelphia 1. Pennsylvania

CLEVELAND

East 6th Street and Superior Avenue. Cleveland 1,
Ohio
4th and Race Streets. Cincinnati 1. Ohio
717 Grant Street. Pittsburgh 19, Pennsylvania

Cincinnati Branch
Pittsburgh Branch
RICHMOND
Baltimore Branch
Charlotte Branch

9th and Franklin Streets, Richmond 13. Virginia
Calvert and Lexington Streets. Baltimore 3, Maryland
South Tryon and 2nd Streets, Charlotte 1, North
Carolina

ATLANTA
Birmingham Branch

104 Marietta Street. Atlanta 3. Georgia
18th Street and 5th Avenue, North, Birmingham 2,
Alabama
Church and Hogan Streets, Jacksonville 1, Florida
228 3rd Avenue. North. Nashville 3, Tennessee
Carondelet and Common Streets. New Orleans 11,
Louisiana

Jacksonville Branch
Nashville Branch
New Orleans Branch
CHICAGO
Detroit Branch

230 South LaSalle Street, Chicago 90, Illinois
160 Fort Street, West, Detroit 31, Michigan

ST. LOUIS
Little Rock Branch
Louisville Branch
Memphis Branch

411
121
5th
3rd

MINNEAPOLIS
Helena Branch

73 South 5th Street, Minneapolis 2, Minnesota
Park Avenue and Lawrence Street, Helena, Montana

KANSAS CITY

10th Street and Grand Avenue, Kansas City 18, Missouri
17th and Arapahoe, Denver 17, Colorado
226 West 3rd Street, Oklahoma City 1, Oklahoma
1701-5 Dodge Street, Omaha 2, Nebraska

Denver Branch
Oklahoma City Branch
Omaha Branch
DALLAS
El Paso Branch
Houston Branch
San Antonio Branch

Locust Street, St. Louis 2, Missouri
West 3rd Street, Little Rock, Arkansas
and Market Streets, Louisville 1, Kentucky
and Jefferson Streets, Memphis 1, Tennessee

Wood and Akard Streets. Dallas 13, Texas
351 Myrtle Avenue, El Paso, Texas
1301 Texas Avenue. Houston 1, Texas
Navarro and Villita Streets, San Antonio 6, Texas
se
erZf
outa_aind.

SAN FRANCISCO

Sansome Street", San Francisco 20,
California
Los Angeles Branch
409 West Olympic Boulevard, Los Angeles M.
te-California
Portland Branch
-6th-ani4-0ftle-Streete. Portland 4f.-seegon
70 East South Temple Street, Salt Lake City-el:Mit-- /0
Salt Lake City Branch
/0/5- 2nd Avenue anii-Spriag43treet, Seattle it Washington
Seattle Branch

-7101,

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)

GENERAL SERVICES ADMINISTRATION
National Archives Form 70 (6-481 !

NOTIFICATION OF CONGRESSIONAL AUTHORIZATION FOR DISPOSAL
Of the items in the attached list or schedule of records submitted to the
Archivist of the United States by your agency, assigned National Archives Job
No.

349-220

those marked with the symbol N or PN have been authorized for

disposal, under the conditions specified, by a report of the Joint Committee on
the Disposition of Executive Papers (H. Rept. 1145 , 81st cong.
- - sess. ,
dated

August 1, 1949

A copy of the list or schedule as submitted to the Congress is attached for
your information.
Items that are lined out on this copy were nOt submitted to
the Congress for reasons that are explained in an appendix.

The symbols with
which the items are marked refer to the applicable explanations in the appendix.

The microfilm rolls will be returned to your office.
wAYNE C. GROVER
Archivist of the United States
Date:

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Federal Reserve Bank of St. Louis

By.

LtilarT

./()

Marcus W. Price, Director
General Records Division

•us. o- f

"tktiordi Archive•.. r.orri 40 18 '4 3)
I`PO -)AL. L151 (1
,800GRAPHE',`
0,4 mICROPMOTOGRAPHE.D

For

National Archives

t ribbon r:oPy tinA.11

Board of Governors of the Federal Reserve System

t.:

Assignment No•
(Ma jot- subdivision o, .7

Date completed— .

of ')ubdivision))

Appraise'
)
`10,
" SUbdivision Or

lass of subdivision's)

LIST OF PHOTOGRAPHED OR MICROPHOTOGRAPHED RECORDS in the custody of the agency named ;throve
that are hereby certified to have been photographed or microphotographed in acuordance
with the standards established by regulations promulgated by the National Archives Coun,. il
and that as a consequence of having been so nhotographed or microphotographed do not ar.near
to have sufficient value to warrant their further preservation by the Government. Submit-ted to the Archivist of the United States in accordance with the act of Congress approved
July 7, 141',3 (Public 115, 78th Cong.) and regulations promulgated by tfie National Arcnives
Council pursuant to that act:

Date:

JUN

4 v445

Representing the head of the agency named above
;Title)

Assis.tant Secretary

Files Section

Location of the records:
Name and

title of person in charge:

PhotoItem
No.

graphic
sample
herewith

Poeppel, Chief'

File or form numbers; title and description
Inclusive dates; kind of copies

Do not

use

this space

Reserve Bank Organization Committee records consisting
of the following:
Form
Form
Form
Form

1
2
6
7

Form 13a, Group 1, 2
and 3
Form 13b, Group 1, 2
and 3
Form 13c, Group 1, 2
and 3

Resolution of Acceptance
Resolution of Nonacceptance
Location of Federal Reserve Banks
Location of Federal Reserve Bank
for This District
Certificate of Election of
District Reserve Elector
Certificate of Nomination for
Class A Director
Certificate of Nomination for
Class B Director

Use-. National Archives Form 100 for continuation sheet, or omit item entries on this sheet
Digitizedand
for FRASER
attacn list in otner form supplying the information called for by the above headings.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

e itionAl - Archives Form 100 (8-43)
AISP0141.4 LIST OR SCHEDULE, CORTimuATIo

Item
No.

EE•

e•

Page No.

Information on each item as called for by the basic form
being used

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Federal Reserve Bank of St. Louis

Form 18

Class A, B
Group 1, 2, 3

Do not Use
this space

Preferential Ballot

1913 - 1914

All copies except the microfilm reproductions of these
records.

b3
Page

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Federal Reserve Bank of St. Louis

e,c, ,ords that have been photop,raphed or nicrophothr,raphed in
accordance with regulations of the National Archives Council
and that, 40 a consequence thereof, do not appear to have
sufficient value to warrant their continued preservation
by the Government.

• J IN FILES SECTION
JUItik4949
REC'D IN. FILES

SECTION

JUN 20 194911:
-1.1
/
JUN

Honorable Curl Albert,
House of Representatives,
Washington, D. C.
Dear Mr. Albert:
I received 3L211S-1Ptter_of:iay,28, 19491 in which
you state that you had received complaints from people in
southeastern Oklahoma about the location of that area in
the Eleventh Federal Reserve District while the communities involved deal primarily with Oklahoma City financial
organizations which are located in the Tenth Federal Reserve District.
I appreciate your writing me on this matter because it has not been brought to our attention from any
other source and we have not known of any dissatisfaction
with respect to the existing district lines. The necessary
investigation will be made promptly and I will write you
again as soon as the results of the investigation are available.
With warmest regards, I am
PI"

Sincerely,

MINUTPS
'V

iNGNED) THOMAS B. McCABE

!
..frie'C

JUN

7. 1949

Thomas B. McCabe,
Chairman.
FOF APPRO At.

SRC/mg
cc: Chairman McCabe
Co
i
Mr. R. R. Gilbert
e,
Mr. G. H. Leedy

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Federal Reserve Bank of St. Louis

'MA •

OF
ON BEHALF OF THU:W.01p

,
Apprelcd:.

••••••••1

FOR FILES
W. R. Corkhum

•
•

•
EC'D .tr F1IT,E8 3):4 1CTIOlif

JUN 12 1943
ADDRESSES OF FEDERAL RESERVE BANKS
AND BRANCHES

Federal Reserve Bank
Federal Reserve Bank
. Buffalo Branch
Vederal Reserve Benk
Federal Reserve Bank

of Boston
of New York
of Philadelphia
of Cleveland

Cincinnati Branch
Pittsburgh Branch
Federal Reserve Bank of Richmond
Baltimore Branch
Charlotte Branch
Federal Reserve Bank of Atlanta
Birmingham Branch
Jacksonville Branch
Nashville Branch
New Orleans Branch
Federal Reserve Bank of Chicago
Detroit Branch
Federal Reserve Bank of St. Louis
Little Rock Branch
Louisville Branch
Memphis Branch
Federal Reserve Bank of Minneapolis
Helena Branch
Federal Reserve Bank of Kansas City
Denver Branch
Oklahoma City Branch
Omaha Branch
Federal Reserve Bank of Dallas
El Paso Branch
Houston Branch
San Antonio Branch
Federal Reserve Bank of San Francisco
Los Angeles Branch
Portland Branch
Salt Lake City Branch
Seattle Branch

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

30 Pearl Street, Boston
1.30.rdc
33 Liberty Street, New York
270-276 Main Street, Buffalo
925 Chestnut Street, Philadelphia
East 6th Street and Superior Avenue,
Cleveland
4th and Race Streets, Cincinnati
717 Grant Street, Pittsburgh
9th and Franklin Streets, Richmond
Calvert and Lexington Streets, Baltimore
South Tryon and Second Streets, Charlotte
104 Marietta Street, Atlanta
18th Street and 5th Avenue, North,
Birmingham
Church and Hogan Streots, Jacksonville
228 Third Avenue, North, Nashville
Carondelet and Common Streets, New
Orleans
230 South LaSalle Street, Chicago
160 Fort Street, West, Detroit
411 Locust Street, St. Louis
121 West 3rd Street, Little Rock
5th and Market Streets, Louisville
3rd and Jefferson Streets, Memphis
73 South Fifth Street, Minneapolis
Park Avenue and Lawrence Street, Helena
10th Street and Grand Avenue, Kansas City
17th and Arapahoe, Denver
226 West Third Street, Oklahoma City
1701-5 Dodge Street, Omaha
Wood and Akard Streets, Dallas
351 Myrtle Avenue, El Paso
1301 Texas Avenue, Houston
Navarro and Villita Streets, San Antonio
Sacramento and Sansome Streets, San
Francisco
409 West Olympic Boulevard, Los Angeles
6th and Oak Streets, Portland
70 East South Temple Street, Salt Lake
City
Second Avenue and Spring Street, Seattle

-0ARD OF GOVERNORS

, r l'D TM FEW;

0F TH E

FEDERAL RESERVE SYSTEM

Files Section

From

Mr. herf

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

• T:d0/

Office Correspondence
To

SEP 7 1941

DatR, -8ertImAmmT-71141:---

Subject:

kt.,
;

-;
k 4,

•
..( 4

In the Board's regulation W there was
printed a list of the addresses of the Federal
Reserve Banks.

Several errors have been dis-

covered in such list and there is attached hereto
a corrected list.

A number of the errors had

existed for several years.

4tt

Attachmenfii 22.e

'11

-g-

14.1421

3/14
tA)

•,‘,

•Tr-•

1
•

•
•
R-889-a

ADDRESSES OF FEDERAL RESERVE BANKS
AND BRANCHES
HEAD OFFICES
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

30 Pearl Street, Boston, Massachusetts

33 Liberty Street, New York, New York
925 Chestnut Street, Philadelphia, Pennsylvania
East 5th Street and Superior Avenue, Cleveland, Ohio
9th and Franklin Streets, Richmond, Virginia
104 Marietta Street, Atlanta, Georgia
230 South LaSalle Street, Chicago, Illinois
411 Locust Street, St. Louis, Missouri
73 South Fifth Street, Minneapolis, Minnesota
10th Street and Grand Avenue, Kansas City, Missouri
Wood and Akard Streets, Dallas, Texas
Sacramento and Sansome Streets, San Francisco,
California

BRANCHES
Buffalo
Cincinnati
Pittsburgh
Baltimore
Charlotte
Birmingham
Jacksonville
Nashville
New Orleans
Savannah Agency
Detroit
Little Rock
Louisville
Memphis
Helena
Denver
Oklahoma City
Omaha
El Paso
Houston
San Antonio
Los Angeles
Portland
Salt Lake City
Seattle

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

270-276 Main Street, Buffalo, New York
4th and Race Streets, Cincinnati, Ohio
Grant Street and Ogle Way, Pittsburgh, Pennsylvania
Calvert and Lexington Streets, Baltimore, Maryland
First National Bank Building, Charlotte, North
Carolina
18th Street and 5th Avenue, North, Birmingham, Alabama
Church and Hogan Streets, Jacksonville, Florida
223 Third Avenue, North, Nashville, Tennessee
Carondelet and Common Streets, New Orleans, Louisiana
Citizens and Southern National Bank Building,
Savannah, Georgia
160 Fort Street, West, Detroit, Michigan
121 West 3rd Street, Little Rock, Arkansas
5th and Market Streets, Louisville, Kentucky
3rd and Jefferson Streets, Memphis, Tennessee
Park Avenue and Lawrence Street, Helena, Montana
17th and Arapahoe, Denver, Colorado
226 West Third Street, Oklahoma City, Oklahoma
1701-5 Dodge Street, Omaha, Nebraska
351 Myrtle Avenue, El Paso, Texas
1301 Texas Avenue, Houston, Texas
Navarro and Villita Streets, San Antonio, Texas
409 West Olympic Boulevard, Los Angeles, California
6th and Oak Streets, Portland, Oregon
70 East South Temple Street, Salt Lake City, Utah
Second Avenue and Spring Street, Seattle, Washington

'X'

•

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Federal Reserve Bank of St. Louis

.7, •
'

;

November 7, 1954.

Mr. James W. Fesler, II,
The Brookings Institution,
Washington, D. C.
Dear Mr. Fesler:
Receipt is acknowledged of your letter of

vember 6,

requesting inf,Jrmation regarding the boundaries of the Federal Reserve districts, together with the nades of the
comties along which the boundaries are drawn.
There is inclosed herewith a map showing the Federal
Reserve districts, Llso a copy of the Annual Peport of te
Federal Reserve Board for the year 1933, beginning on page
383 of which you will find listed the counties in each
district.
Very truly yours,

c mia

J. C. Noell:
Assistant Secretary.
Inclosure.

T5 Y

I•

410
4110•
Q142...6rnaltingo e741nstitution
II

INSTITUTE

azizingkat,

.(5.

for

FREDERIC A. DELANO
Chairman
LEO S. ROWE
Vice Chairman

GOVERNMENT
RESEARCH

HAROLD G. MOULTON
President
ARNOLD BENNETT HALL
Director

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

LEVERETT S. LYON
Executive Vice President

Nove-nber 6, 1:34.
Federal Reserve Board
Pennsylvana Avenue and 15th Street, NW.
Washington, D.C.
Gentlemen:

I should appreciate your assistance in connec- al Administrative Regions.
tion with my study of Fede c
I am interested in learning the boundaries and headquarters-citieff of such regions as you have adopted
for field administration.
I assume that you have no other regionalization
than that of the Federal Reserve Districts. I should
like to obtain a detailed description of the boundaries
of these districts. Inasliuch as I wish to repr)duce
this description on a map as well as incorporate the
description in written material it is necessary for
my purposes to know the names of the counties along
which boundaries are drawn - when those boundaries
cut through States.
If you fina that an answer to the above inquiry
will be too lengthy for a letter, will you be so kind
as to refer me to publications and maps containine,
the infor.,..ton I seek?
Very truly yours,
James 7. Feoler, II.

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

October 24, 1934.

Mr. A. W. Shamroy,
DeuartLlent of Uzrket Research,
E. R. Squibb & Sons,
S-laibb Building, 754 J,.-2t11 tvenue,
New York, N. Y.
Dv'r Sirs
Receipt is aciclowlodgod of‘your letter of
Oct.:r 22, 1954, requesting a. _ist shonin

the ;oogriadlii—

caL content of each Feena retnrve district by counties.
There La inclosed herewith the Annual 1-,eport of
the Foderrl Resxve B(wre: for the yeL.r 19S. A (booriptiun
of the twelve Federal resorw) dis.(;ricts vill be f'ound an
page 585 and a- map showing the bounuaries 0.

.ee distrtct

and their branch territories appears on -3age 591.
Very truly yours,

(Signed)
J. C. Noell,
Assistant Secret,ry.
Inclosure:

Laboratories
BROOKLYN.N .Y.
NEW BRUNSWICK,N.J.

00
DRSQUIBB &SONS

CHEMICAL
PHARMACEUTIC L
BIOLOGICAL
PRODUCTS

MANUFACTURING CHEMISTS
TO THE MEDICAL PROFESSION SINCE 1858

Cable Add e,s
ERSO..JI BB , NEW*CIRK

SQJJI BB BUILDING•745 FIFTH AVENUE'NEWYORK

Branches
CHICAGO
SAN FRANCISCO
PHILADELPHIA
ATLANTA - HOUSTON
BOSTON-CLEVELAND
KANSAS CITY
LOS ANGELES
SEATTLE
TORONTO

General Offices
AT FIFTY-EIGEITII STREET

•

October 22, 1934

RECEIVED
FEDERAL RESERVE BOARD
VIA HIts'i".!TON

1934 OCT 23 al 11 27
Federal Reserve Board
Washington
Dist. of Co],.
Gentlemen:
At the present time we are making several studies
utilizing the boundaries of the various Federal
Reserve Districts.
Unfortunately we have not been able to secure a
map that will outline the various dlistricts accurately,
indicating the particular counties of states included
within two different districts - such as, the state of
Kentucky, part of which is in district #8, the other
half in district W4 and etc.
Is it possible to obtain a list showing the geographical content of each Federal Reserve District by county
to enable us to make the necessary state divisions.
Very truly yours,

A. W. SHA..ROY
Department of Market Research

The "Pric ele ss In gre client "of every product is the honor and integrity of its maker
WI DO OUR RIM

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

o
June 5, 1934

Mr. V. L. eeks,
Room 4037,
Bureau a: Int:!rnal Revenue,
TashiAgto., D. C.
Dear Sir:
Referring to your telephone request of this (1ate,
there is inclosed herewith a copy of the nnuual r,port of
the Federal Reserve Board covering operations for the year
1932, and your attention is directed to pages 336-343, which
contain a description of the territory served by the Federal
reserve banks and their branches.

There have been no changes

in district lines since the publication of this report.
Very truly yours,

S. R. Carpenter,
Assistant Secretary

losure)

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Federal Reserve Bank of St. Louis

3o/
May 26, 1934.

Mr. Ed. G. Lhsar„
Lasar Mfg. Co.,
16th and (Mallon,
St. Louis, Missouri.
Deer Sir:
Your letter of May 15, 1934, requesting
a map of the Eighth Federal Reserve Distrixt, has
been referred to this office by the Government Printing 0 fice.
A copy of a map of the Federal Rese.ve
Districts and a copy of the 1932 Annual Report of the
Federal Reserve Board, vhich contains a description
of the Federal Rese-ve Districts, have been for7arded
to you under separate cov,r.

The Board does not have

maps of the individual districts for distribution.
Very truly yours,

J. C. Noell,
Assistant Secret ry*

i) U

110O

•
ESTABLISHED 1884

CHESTNUT 1395

LASAR MFG. CO.
16TH AND O'FALLON

ST. LOUIS, MO.

May 15 - 1934•

Government Printing Office,
'Iashington, D.C.

Gentlemen:
The Code under which this company is working has divided
the country up into twelve districts, the same as the
Federal Reserve Districts.
_

I am anxious to get a fairly good size map of the Eighth A
rep
iistrict, and I have been referred to your office for
this map.
Vali you kindly let me hear from you?
Yours very truly,
.t-L"4;4

LASER MANUFACTURING CUIPANY

Ed. G. Lasar
EGL:CN

QUOTATIONS SUBJECT TO CHANGE WITHOUT NOTICE. ALL AGREEMENTS CONTINGENT UPON STRIKES. ACCIDENTS AND

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

OTHER CAUSES BEYOND OUR CONTROL.

44'

JAN 23 igu

• ,,,,
/I
/

Mr. Roy Roush, Aaministrtitor,
The Roofing and Sheet Metal
Contractors Asgociation of
Baltimore,
\\ 12 West Madison Street,
aritimore, Maryland.
Dear Mr. Roush:
In accordance with the reuest contained in your
letter of January 20 there is inclosed herewith a copy of
the Annual Report of the Federal Reserve Board for the year
1950 in which you will find, on pages 341 to 546, inclusive,
"Description of Federal Reserve Districts" which includes
--

•

••

.•.•

the population for each district as of April 1, 1950.
• -- -

'
Urtft-1
"Itittr'Si'd
-13
,

K-Ti-ed) Chester Morrill

Secretary.

Inclosure.
Annual Report for 1930.
yd

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

,
171.)
..

•
ROY

PHONE

ROUSH

ATTORNEY AT LAW
'.41

fX1Eit2titkt/be

Vern 2n 6584

E0(04KArk Cr E. Kpa.ANov,C.
BALTIMORE, MO

. Viadison st.,

/
Jan. 20, 1934.

Mr. Chester Morrill, bec.,
Federal Reserve Board,
Washtnr,7ton, D. C.
Dear Sir:
The roofing and sheet metal industry is figuring
out a reEianal.plan for the administration of the
Code, and the . writer has suggested in this connection,
federal reserve districts as the basis of these regional
operations,
le expect to hold our Code Conference in New York
City in the early part of February, and in order that
we may proceed intelligently in this matter, it will
be necessary to h,ve the population of each of the
federal reserve districts as of t ,-e 1930 census.
.-----„,, L
Will anprediate your kindness itery much if you will
let me have this information at your earliest convenience.

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

..I.MetAliPooaemotemosoovourv.

Very truly yours,
THE ROOF
CON Tic4C
BA12010?

-T riETAL
TION OF

str. Wor k
R/T

•(

)

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

7--

/
August 18, 1933.
nss Mildred Biddick,
1561 South Emerson Street,
Jenyer, Colorado.
Dear

adam:
1-•.ecei7t io acmowledged 0111 your letter of July 28, 1933,

requestin.7 advice as to the basis upon which the United States ras
divide into Federal reserve districts.
Section 2 of the Teerel Reserve fcto Which was approvcd
on Decenber 23, 1913, provides as follows:
"As soon as practicable, the 3ecretary of the Treasury,
the Secretary of kTiculture and the Comptroller of the Currency, acting as 'The eserve lank. Organization
shall designate not less than eight nor more than twelve
cities to be known as Federal reserve cities, and shall
divide the continental United States, excluding Alaska,
into districts, each :1.strict to contain only one of such
Federal reserve cities. The determination of sail organization comittee Shall not be subject to review except by the
Federal Reserve Board when organized: Provided, That the
districts shall be anTvtioned lith dvIervard tcL the co;ye ence and customar, course of busine s a 1 shall I.
necessarily be 9oterminDlis with anY State or States, The
districts thus created may be readjusted and new districts
!:;lay from time to ti:ae be c-eated by the Federal Reserve Board,
not to exceed twelve in all. * * * * "
Since the twelve Federal reserve districts were originally
established by the - eserve Bank Organization Committee a number of
changes in the boundaries of the districts have been made, all with
a vie-7 to meeting more fully the convenience awl customary course of
business of the territories affected.
Very eruly yours,

mfr

r 1.
Seer°

rill,

•

•
•

1561 Smith =.1aersan St.
.0enver Colorado
July 2o,

Federal Reserve Doard
- Washington D.C.

Dear sirs:

I am making a study o

the various plans dividing

the territory of the 'United states into regions
adminisrative purposes.

I have

District map, but I should li.e

he J:Ederal .
,eserve
o .c -how upon what oasis

that distribution of the 4o states was wade.

I shall

appreciate a reply at your earliest convenience.

Very truly,

(2744) /a,f,LA.L.46,

:711.

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

40.

.211
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v,Wo..1
f"

-trot

Boat=

;45 Ltberty Asruot
'otrttol'i
wys,),.z14

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Oran* Ames* aid edits Au
4traets
lArath outi
attivart cm* Liedisima 'Assets
lint National Mak Aulldiag

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104 Mariattit ;Arent
lath ',:;,. troot, end l'ifth gfunik• North

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airmatZ,t4EVI
iTaiskok.onvi

Wan .;treeta
annY4111
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and Common Amelia
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arn ItratIk Luildins
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as -treat (140tropolittiA 1314.)
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washyI
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160 Zort Avast. 4est

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Atrcit

411 Laau4t -Oast
4'hird oud Louisiana .trots
,trooto
Alth
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attra

t. Louts
Little .00k
Loutavilla
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L'ultauts

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361

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*ill and (;ak LArests ti--arter atilang)
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,:401.-edst
,e

February 13,

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

' -

STIatT ADDRESS OF :.,A,CH FED7RAI aESERVI BANK AND BR.A.,
.44,
..norr

/ Boston
-ew York
3ufi'alo
hiladolehia
Cleveland
Cincinnati
'-'ittsburgh
lichmond
Baltimore
Charlotte
Atlanta
Birminlam
Jacksonville
Nashville
17ew Orleans
Savanuah Agency
Havana A;1.ency
Chicago
Detroit
3t. Louis
Little :lock
Louisville
Mem:lhis
Yinneapolis
Helena
,Cans
City
Denver
Oklahoma City
Omaha
Dallas
El Paso
Houston
San Antonio
San Francisco
Los Angeles
Portland
Salt Lake City
Seattle
Spokane

August 4, 1930.

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

30 Pearl Street
35 Liberty Street
270-276 vain Street
925 Chestnut Street
Past Sixth and Superior Avenue
Fourth and Race Streets
Liberty Avenue and Anderson Street
nnth and Franklin Streets
Calvert and Lexington Streets
First National Bank. Building
104 Marietta Street
16th Street and Fifth Avenue
Church and Hogan Streets
228 Third Avenue, North
Carondelet and Common Streets
Citi7ens and Southern Bank Building
Dr. Julio de Cardenas Street
230 South La Salle Street
160 :Fort Ttreet, West
411 Locust Street
Third and Louisiana Streets
Fifth and !Aarket Streets
Third and Jefferson
Marquette Avenue and .Fifth :3treet
Edwards and Park Streets
Tenth and Grand Avenue
17th and Arapahoe Streets
226 West Third Street
1701-5 Dodge Street
Wood and Akard Streets
351 Myrtle Avenue
Texas Avenue and Caroline Street
7avarro and Vilitta Streets
Sansome and Sacramento Streets
10th and Olive
6th and Oak Streets (Porter Building)
East South Temple and South State Streets
Second Avenue and Spring Street
Post Street and Main Street (Auditorium Building)

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

•

FEDERAL RESERVE BANK
OF
ST_ LOUIS

January 3, 1933.

Federal Reserve Board,
Washington, D. C.
Attention Mr. E. L. Smead, Chief,
Division of Bank Operations.
Gentlemen:
In accordance withyour letter of November
30, 1932, 13,858, we have checked the description of
the territory constituting Federal Reserve District
No. 8, which appears on page 289-90 of the 1931 annual report, and find it to be correct.
Yours very truly,

G-414-4-A-Federa1 Reserve Agent.

•
•

BANK 404

FEDERAL RESERVE BANK
OF ATLANTA
/

RECEIVED t
JAN 5- 1933

OFFICE OF

dilitIRMAN OF THE BOARD.

January

FEDERAL RESERVE AGENT.

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

3, 1533.

SUBJECT: Description of Federal reserve districts.

Federal Reserve Board,
Washington, D. C.
Dear Sirs:
Replying to your letter B—E58, under
date of November 30, 1532, I have to advise that the
description of the territory constituting the Sixth
Federal Reserve District and each branch zone appearing
in your 1931 Annual Report, beginning on page 286, has
been checked and found to be in accord with our records
as of December 31, 1932.
Very truly yours,

Federal Reserve Agent.

•

•
•

•

FEDERAL RESERVE BANK

op,
Gn
4
RE.cetv t
as ..INA

OF DALLAS
C.C.WALSH

January 3, 1933

CHAIRMAN OF THE BOARD
AND FEDERAL RESERVE AGENT

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

Federal Reserve Board
Washington, D. C.
Attention Mr. E. L. Smead, Chief
Division of Bank Operations
Gentleuen:
Referring to your letter of November 30, 1932, D-858,
you are advised that it is unnecessary to make any changes in
the data published in the Board's Annual Report for 1931, with
reference to the territory embraced in the Eleventh Federal
Reserve District and in each branch zone thereof.

Yours very truly,
(-e&O
Federal Reserve Agent

••

FEDERAL RESERVE BANK
OF

KANSAS CITY
.7 )ecelq)er 31, 12

CHAIRMAN AND FEDERAL RESERVE AGENT

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

SUBJECT:

Description of Federal reserve districts.

Federal Reserve Board,
"Tashington,
D. C.
Gentlemen:

Attention E. L. Smead, Chief,
Division of Bank Operations

Referring to Roard's letter B-858 of
November 30, 1932, we have checked as of December 31, 1932, the description of territory constituting the Tenth Federal Reserve District, as
shown in the 1931 Annual Report of the Federal
Reserve Board, and find that description to be
correct.
Very truly yours,

Assistant Federal Reserve Agent.

••

FEDERAL RESERVE BANK OF MINNEAPOLI
NINTH DISTRICT
OFFICE OF THE CHAIRMAN
AND FEDERAL RESERVE AGENT

JOHN R. MITCHELL
CHAIRMAN AND FEDERAL RESERVE AGENT
CURTIS L. MOSHER
ASSISTANT FEDERAL RESERVE AGENT

M. BAILEY

December 30, 1932.

ASSISTANT FEDERAL RESERVE AGENT

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

Federal Reserve Board,
Washington, D. C.
Attention: Mr. E. L. Smead, Chief,
Division of Bank Operations.
Gentlemen:
In reply to your letter B-858, dated November 30,
there have been no changes during the past year in the tern—
tory constituting the Ninth Federal Reserve District, nor
the territory included in the Helena Branch zone.
Very truly yours,

J. R. Mitchell,
Federal Reserve Agent.

•

JRM:TB

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

Dece?.-lber 27, 1932.

Yr. E. T). Hubbard,
- eber Costello Co.,
Chicago Heights, Ill.
Dear sir:
PeferrinL; tolyour letter of December 22nd, you
tire advised that the Federal Reserve Bank of Kansas
,

City is located in the State of Yissouri.
A copy of the December 1932 Federal Reserve
Bulletin is inclosed herewith, on the back of which
will be found a nap showin

the boundaries of the

Federal reserve districts and branch territories.
Very truly yours,

J. C.
Assistant :;ecretary.

Inclosure.

111..111.

••

0
"
. "4
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- '*
0:::11

5
:

FEDERAL RESERVE BANK

OF NEVVYORK

December 23, 1932.

Si rs:
There has been no change from the description given
In the 1951 Annual Report of the Federal Reserve Board in the
territory of the Second Federal Reserve District or the territory
of the Buffalo branch within the Second District.
is in answer to\\;your letter B-858

This information

dated November 30, 1952.

Respectfully,

H. V. Roelse,
Manager, Reports Department.

Federal Reserve Board,
Washington, D. C.

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Federal Reserve Bank of St. Louis

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eber
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Pr!' „At r -r

SCHOOL APPARATUS C SUPPLIES
,riCAj

i1EiiLtL

itLtiNUi

December 221 l9:2

Federal Reserve Board
Washington, D. C.
Gentlemen:
Some authorities consulted give Kansas City, Kansas,
as the headquarters for that Federal Reserve District,
and others give Kansas City, Akissouri.
VJould you please advise us whicl4s officially correct,
since in connection with a map for school purposes
which we are publishing we should have this information accurately and authoritatively.
Very truly yours,
CU3

EDii:EK

F 0 R,

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

NEARLY

HALF

CENTURY

•
•

FEDERAL RESERVE BANK OF CHICAGO
230 SOUTH LA SALLE STRE T-

December
Twenty-one

19 32

OFFICE OF THE
CHAIRMAN OF THE BOARD AND
FEDERAL RESERVE AGENT

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

•

(1P.C.
,3
ED -l
a

-)32

Federal Reserve Board
':iashington, D. C.

Attention : Mr. E. L. Smead, Chief
Division of Bank Operations

Dear Yr.

ead:

In response to\your B-858 of November 30, the data shown on pages 288 and 289 of the
1931 annual report of the Board, describing the
territory constituting this district and the
Branch zone, have been checked, except those relating to land area and population. There will
- necessary as of December 31, 1932.
b9te5

Very t

eral Reserve Agent

HCP:FB

:\
tid4K 4

•
•

*
RECEIVED 6
t
DEP 7 91932

FEDERAL RESERVE BANK OF SAN FRANCISCO
ISAAC B. NEWTON
CHAIRMAN OF THE BOARD
AND FEDERAL RESERVE AGENT

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

.December 5

•

1931-II

Dear Sirs:
Roplyin:- to the 13oard's letter of 1Tovember
be

to state that there has been no chsnse in the territory

constitutinc this Federal Reserve District and each branch
zone as described in the 1931 Annual Report of the Federal Reserve Board.

In fact there have been no chanc-es in the terri-

tory for the last six or seven years.
Yours ver:-

,s9.42.45i.cz-c_g/rD--ant:)
Federal Reserve Arent.

Federal Reserve Board,
:Tashirf,ton,
D. C.

••

FEDERAL RESERVE BANK OF PHILADELPHIA
925 CHESTNUT STREET

(

c-5

/DEVICE OF THE
CHAIRMAN OF THE BOAR. AND

RECEIVED
J EC -6.1932

FEDERAL RESERVE AGENT

December 5, 1932,
Federal Reserve Board,
Washington, D.C.
Attention — Mr. F. L. Smead, Chief,
Division of Bank Operations.
Sirs:—
We are in receipt of your letter of November 30, (B-858),
asking us to check the description of the territory included in
the Third Federal Reserve District, as given in the last annual
report of the Federal Reserve Board.
The description of this district, as given on page 286, has
been checked and we find that no change is necessary.

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

Ver,

•—yours,

Chaim n of—the—Board, and
Federal Reserve Agent.

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

•

FEDERAL RESERVE BANK
OF RICHMOND
Dccember

Federal Reserve Board
Washington, D. C.
Attention Mr. E. L. Smead, Chief
Division of Bank Operations
Gentlemen:
As requested in\your letter of .November. 30, B-8531
a careful check has been made of the territory constituting
the district and each branch zone, as shown in the annual
report of the Federal Reserve Board for 1931. There are
no changes to be made in the territory as reported above.

Very truly your

G. Fry
Assistant Federal Reserve Agent

••

•

FEDERAL RESERVE BANK
OF BOSTON
ROY A.YOUNG, GOVERNOR
WILLIAM W. PADDOCK, DEPUTY GOVERNOR
WILLIAM WILLETT, CASHIER
KRICKEL K. CARRICK, SECRETARY

FREDERIC H. CURTISS
CHAIRMAN OF THE BOARD
AND FEDERAL RESERVE AGENT

ALLEN HOLLIS
ASSISTANT CASHIERS

ELLIS G. HULT
ERNEST M. LEAVITT

DEPUTY CHAIRMAN OF THE BOARD

CARL B. PITMAN
L. WALLACE SWEETSER

CHARLES F. GETTEMY
ASSISTANT FEDERAL RESERVE AGENT

December 3, 1932

Federal Reserve Board
Washington, D. C.
Dear Sirs:

Attention Mr. E. L. Smead, Chief
Division of Bank Operations

Replying tolyoty_oomunication of November 3, 1932 (B-858), it is
noted that you desire to have the descriptive data as shown for
this district in the Board's 1931 Annual Report, beginning on page
286 cheolamsof December 31, 1932 "except that relating to land
area and population."
If I read the description given on page 286 correctly, there are
no data given other than those relating to land area and population
so that there appears to be nothing to be checked. If I do not
understand clearly exactly what you desire, I would appreciate
your advising me accordingly.

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

Very truly yours

Charles F. Gettemy
Assistant Federal Reserve Agent

•
•

9•

FInDEMAJ.ItESEFOTE RANIi.
ov

ir\

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

Cran-F:LAND

December 1, 1932.

Federal Reserve Board,
Washington, D. C.
ATTENTION E. L. SNEAD, CHIEF,
DIVISION OF BANK OPERATIONS.
Gentlemen:
Receipt is acknowledged of your letter
dated November 30, 1932, B-858, subject:
"Description of Federal reserve districts".
There has been no change in territory
constituting the Fourth Federal Reserve
District as shown in the Annual Report of
the Federal Reserve Board for the year 1931,
nor in the territory assigned to the Cincinnati and Pittsburgh branches as shown in the
same report.
truly yours,
'
Federal Reserve Agent.

BANK

Ofro

RECEIVED

332 di

•
•

•41)-

FEDERAL RESERVE BOARD

3 oi

WASHINGTON
ADDRESS OFFICIAL CORRESPONDENCE TO
THE FEDERAL RESERVE BOARD

Irovember 30, 1932.
$ B-858.

;ARDED
SUBJECT:

Description of Federal reserve districts.

Dear Sir:
The 1(:)31 Annual Report of the Federal Reserve
Board, beginning on page 286, contains a description
of the territory constituting each Federal reserve
district and each branch zone.

It will be appreciated

if you will kindly have the data shown for your district, except that relating to land area and population, checked as of December 31, 1932, and advise the
Board of any necessary changes therein.

Very truly yours,

E. L. Smead, Chief,
Division of Bank Operations.

TO ALL FEDERAL RESERVE AGEITTS*

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

Form No. 131

bffice CorresponfeOze

36/,
411
DatAltember 22, 1932

Subject:_

Mr a_Smead,

To_

FEDERAL RESERVE
BOARD

From lir—ITers
1,

2-8495

In accordance with your request, there is listed below the corrections
Trade by the Federal reserve banks in the statements "Territory Included in
Each Federal Reserve District" and "Territory Assigned to Branches of Federal Reserve Banks" which were sent to each bank for checking on February 25,
1930.
Inasmuch as we have no copy of the statementssent the banks, as only the
corrected statements are available, it is difficult in some instances to
ascertain just what changes the bank made due to the ambiguousness of the
letters. In a number of cases where no explanation is necessary I have
ouoted directly from the letters.
Birmingliam Branch -

Date of change in territory listed in our statement

as October 1, 1922, bank says it should be October 10, 1922.
In the territory of the Birmingham Branch on December 31, 1929, as given
on our statement, the counties of Dale, Henry and Covington were not included.

Louisville Branch - As one city in Illinois is assigned to this branch,
it was suggested that the statement read as follows "One city in Illinois
and all cities in" etc. However, it now reads "Brownfield, Ill., and all
cities in" etc.
"When the Louisville Branch was opened, all of Kentucky included, in the
Eighth District and the following counties in Indiana made Ito the territory
assigned to it: Clarke, Crawford, Dubois, Floyd, Harrison, Jackson, Jefferson, Lawrence, Orange, Perry, Scott, Switzerland, and Washington.
"Then the Memphis Branch was opened for business, the same territory
continued to be assigned to the Louisville Branch, arxi the following territory

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

Division of Bank Operations
2,

File No.. /

Mr. Smead -4#2

•
•

was assigned to the Memphis Branch: All of Mississippi and Tennessee included in the ighth District, with the exception of Obion County in
Tennessee and the following cities in Arkansas: Camden, Cotton Plant,
Forrest City, Helena, Marianna, and Marked Tree."
Kansas City - "The Okle.hurt counties transferred on July 1, 1915, from
District No . 11 to District No. 10 were twenty-six in number. The list of
such counties should include Cotton County.
"The date of the transfer of Bernalillo and Valencia Counties, New
Mexico, from District No. 11 to District No. 10 was April 15, 1926.
"In the list of Missouri counties included in our territory on
December 31, 1929, your record should be corrected to show Holt County, instead
of Hold County.
"The list of New Mexico counties in our territory on December 31, 1929,
should include Harding County. According to our information, Harding County
was created in 1921, from territory previously a part of Union and. Mora
Counties.

Denver Branch - "Fording County should be add.ed to the list of New Mexico
counties included in the territory of our Denver Branch on December 31, 1929."

El Faso Branch - Board's statement of original territory showed "Terrell"
but it should be "Terrell.."

Portland Branch - "Klickitat County, Washington, transferred from Spokane
Branch territory to Portland Branch territory, January 6, 1920, or at least
that is the date of our circular covering this change. There were no member
banks at the time of the transfer, and therefore the Board's date of January 1,
1920 may be correct." The date of January 1., 1920 remained unchanged in the
statement.
"It is noted the 3oard spells Clarke County, mtshinEton "Clerke."
should be "Clarke."

This

"Ilwaco, Washington, transferred from Seattle Branch territory to Portland Branch territory, September 13, 1924."

Salt Lake City Bran ch - "Board's statement agrees with our records except
that at the time the Salt Lake City branch was opened the counties
of Caribou
(not Carribou), Clark and Jerome were not counties in Idaho, since coming
into existence through the division of other counties."

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

Mr. Smead

- 43

•
•

Seattle Branch - "Kittitas County, Washington, transferred from Spokane
branch territory to Seattle brand) territory during the early part of
NoveMber, 1917. On October 30, 1917, we advised the member banks in this
county to transfer their accounts from our Spokane Brand: to our Seattle
Branch at their convenience. These transfers were made on dates ranging
from November 2 to Novel:ter 9, 1517.
"Transfer of town of Ilwaco from Seattle Branch territory to Portland
Branch territory, September 13, 1924."
Spokane Branch - "Austin County, Washington, in Board's statement should
be lAsotin.'"

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Federal Reserve Bank of St. Louis

6i)

October 27, 1932,

Mr. Chas. H. Laukaitis,
c/o Emerson Drug Company,
Baltimore, Maryland.
Dear Sir:
Receipt is acknowledged of your letter of
October 26, 1932, and you are advised that there are
twelve Federal reserve districts in the United States.
A detailed description of the various states and counties
which are ihcluded in those districts will be found on
pages 286 to 294, inclusive, of the Annual Report of the
Federal Reserve Board for the year 1931, a copy of which
is inclosed herewith.
Very truly yours,

E. M. McClelland,
Assistant :iecretary.

acw

OEPH

PHIIIEUI11112

NOES

CHAIRMAN EXECUTIVE COMMITTEE

PARKER COOK

SIOENT

41,

J.EDWARD MURRAY

VICE PRES.AND SECR

VICE PRES.AND TREASURER

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af4,67AN6Lcs
ORLEANS
LONDON
RIS
SYDNEY •';':3
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/(-(//1/611'October 26, 1932
HOME OFFICE

LABORATORIES:

BR OMO-SELTZER TOWER
B ALT I MORE.

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

BUILDING

Secretary of the Treasury,
Washington, D. 0.
Dear Sir:
Will you please let me know the number of Federal
Reserve districts in the United States, where they are
located and what states comprise each district.
Please let me have this information by Friday,
October 28th.
Thanking you, I am
Very truly yours
Chas. H. Laukaitis,
c/o Emerson Drug Company,
Baltimore, Maryland.
CHL:MF

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

....(6ev / .

1.
1 TEDERM.,

SET.IVE ',0.,':21..) FILE

30/

August

8, 1932

Mr. h. J. Holt,
Carbon S.: Eibbon Division,
The International Printing Ink Corporation,
707 Somerset Place, N. W.,
'atshington, D. C.
Dear 'Sirs
Receipt is acknowledged of your letter of August

6, 1932, and your attention is called to Page III of the
inclosed Federal Reserve Bulletin for the month of July,
1932, on which appears a list of thi, Federal reserve banks
and branches.
Very truly yours,
(Sig.ned) E. M ME. M. McClelland,
Assistant Secretary
(Inclosure)

I
dor

EST. 1878

INC. 192E

THE INTERNATIONAL PRINTING INK CORPORATION
SUCCESSOR TO
PEN, PENCIL
AND

THE AULT & WIBORG COMPANY

WRITING INKS

CARBON AND RIBBON DIVISION

OFFICE PASTE

TYPEWRITER
CARBON PAPERS

REFLEX

MUCILAGE
INKED RIBBONS
FOR EVERY PURPOSE

SHOW CARD COLORS

CINCINNATI. OHIO

707 Somerset Place N.W.
Washington D.C.

Aug.6:1932

The Federal Reserve Board
Washington, D.C.
G entlemen;-

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

Please give me a list of

Federal Reserve Banks and their

Branches.

Yours very truly,
H.J.Holt
THE INTERNATIONAL PRINTING I

ORP.

CARBON & RIBBON DIVISION

THIS LETTER WRITTEN WITH THE AULT Be WIBORG — PEAU DE SOIE" PURE SILK TYPEWRITER RIBBON

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Federal Reserve Bank of St. Louis

THE UNIVERSITY OF NORTH
CHAPEL HILL

•

•
•

FEDERAL RESERVE BANK OF PHILADELPHIA
925 CHESTNUT STREET

OFFICE OF THE
CHAIRMAN OF THE EIC/ARD AND
FEDERAL RESER\E AGENT

April 29, 1932.

Federal Reserve Board,
Washington, D.C.
Attention — Mr. E. L. Smead, Chief,
Division of Bank Operations.
Dear Sirs:—
Conforming with your telephonic request of this morning,
with reference tol letter B-6861 February 23, 1932, we have checked
the territory constituting this district with that shown on page 341
of the Board's Annual Report for 1930, and find there are no changes.
We understand it is not necessary to check data relating to land area
and population.

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

Federal Reserve Agent.

41,III

The Le.ague of
Minnesota Municipalities

Executive Offices:

Room 16,
University Library
Minneapolis, Minn.

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

•

April 12, 1932

Mr. Chester Morrill
Secretary
Federal Reserve Board
Washington, D. C.
Dear Mr. Morrill:
This is to thank you for the very generous response
to our inquiry for information regarding your department
for publication in the Minnesota Year Book for 1932.
We
appreciate this service greatly.
Our office, the League of Minnesota MuniciPalities,
associated with the Municipal Reference Bureau, University
of Minnesota, is in close contact with municipal official
s.
Each month we publish a magazine, "Finnesota Municipaiities,"
which reaches approximately 4,200 local and state officials
in Minnesota. We would like very much. to include notes in
our publication in regard to any activities of your department which affect the state of Minnesota. If you can find
time to send us occasionally paragraphs or releases, we
could make good use of them.
Sincer e1

gs,,,,77k •
Morris B. Lambie
*cutive Secretary
-

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

(

FEDERAL 'RESERVE..

1301
Nv•Lob—.

March 23, 1932

-,\
,

Mr. florris B. Lambie„
.J
Executive Secretary,
/
The League of Lannesota Municipalities,
. Room 16, University Library,
Minneapolis, Minnesota.

'Dear Sir:
-Receipt is acknowledged of your letter of

March 41 1932, and you are advised that one of the
twelve Federal reserve banks is located at Minneapolis,
Minnesota,
Mr. John R. Mitchell, Chairman of the Board of
Directors of the Bank, is also Federal Reserve Agent
and, as such, maintains an office of the Federal Reserve Board in the Bank. It

suggested that you com-

municate with :Ir. Llitchell to secure such additional
information as you may desire.
Very truly yours,

Chester Worrill,
Secretary

BOARD"

•
•

• The League of
Minnesota Municipalities
Executive Offices

Room 16,
University Library
Minneapolis. Minn.

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

March 21, 1932

Federal Reserve Board
Treasury Building
Washington, D. C.
Gentlem(11:
We are planning to publish in the Minnesota Year Book
1932
and also in "Minnesota Municipalities", the monthly
for
magazine of the League of Minnesota Municipalities, a list of
the federal bureaus and departments having offices located in
Minnesota.
In this connection may I request a statement to indicate
following:
the
1.
2.

Location and address of offices of your department or bureau in Minnesota.
Name.of departmental or bureau representative in
Minnesota.

I would also like to obtain, if convenient, a brief
statement of the services and activities performed. This
information will be of real interest to the 4,500 public
officials in Minnesota receiving our publications.
Any assistance in this regard will be greatly appreciated.
Sincerely,

Morris B. Lambie
Executive Secretary

MtL:VL
cs=

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1

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Qz.

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

ED•

111

4i-4-"L,-

tk.

FEDERAL RESERVE BANK
OF ATLANTA
OFFICE OF

CHAIRMAN OF THE BOARD.
FEDERAL RESERVE AGENT.

SUBJECT:

March 12, 1932.

Description of Federal reserve districts.
444

Federal Reserve Board,
Washington, D. C.
Dear Sirs:

Attention: Mr. Smead, Chief,
Division of Bank Operations.

Reference is made tkur letter B-6g6 under date of
February 23, 1932:
We have checked the description of the territory of
the Sixth Federal Reserve District appearing on pages 342 and 343
of the 1930 Annual Report of the Federal Reserve Board, as well as
the description of the territory of the Birmingham, Jacksonville,
Nashville and New Orleans branches appearing on page 347, and find
the description of the District and branch territories correct,
Our Board of Directors at its meeting held
with one exception.
December 14, 1923 authorized the transfer of the Farmers' National
Bank of Geneva, Alabama, from the Atlanta zone to the Birmingham
We find that the By-laws of the Birmingham Branch were
zone.
never changed to include this bank in the Birmingham zone.
Our Board of Directors at its meeting yesterday (March
11, 1932) voted to rescind the action taken by the Board at. its
meeting on December 14, 1923, transferring the Farmers' National
Bank at Geneva, Alabama, from the Atlanta zone to the Birmingham
zone.
This action was taken for the reason that the County of
Geneva, in which the town of Geneva is located, is surrounded by
other counties in the Atlanta zone, and we find that the Atlanta
office can serve the Farmers' National Bank at Geneva as well, or
better, than the Birmingham Branch.
The action taken by our Board of Directors eliminates
the only exception in the description of the territory of the Federal Reserve Bank of Atlanta and branches.

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Federal Reserve Bank of St. Louis

Very truly yours,

Chairman of the Board.

7nr

ranty Trust Company of 1\ewYor
,
A merger
'
3r

National Bank of Commerce in NewYork Guaranty Trust Company ofA4)tork
Organized 1864

Organized 1839

Offices
iir•adway
Ca •

Math
C

dress,'Fidelitas"

ue at 44t.t!St.
ress'!Notromeo"
venue at 60thSt.

140 Broadway
Capital $90,000,000. Surplus $170,000,000.
Member of Federal Reserve System

eAddrese6uannadis"

Arthur C. Vogt
Assistant Secretary

Fordl
Cable A

30 /
Bees
ssrGarritus"

Liverpo
Bruss

Paris
liav
Antwerp

New York
March 8, 1932.
Inreplying plense refer to

C011e

Div. W-ao

Government Printing Office,
Washington, D. C.

Gentlemen:lie would very much like to have a dozen copies of the map showing
the twelve Federal Reserve Districts.
If these are available in your office, we shall be grateful if
you will send us a dozen copies showing the states and cities within each
It will, of course, be our pleasure to send you
Federal Reserve district.
our check for their co -t.
When sending the maps to us we ask that you be good enough to
specifically address them to the attention of the undersigned.
Very trt y yours,

121:1

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Federal Reserve Bank of St. Louis

--lc1'55

.1 3

01)

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

•
FEDERAL RESERVE BANK
OF

ST_

Louis

March 5, 1932.

Federal Reserve Board,
Washington, D. C.
Attention Yr. E.\L. Smead, Chief,
Division of Bank Operations.
Gentlemen:
In accordance withk your letter of February
23, 13-686, we have checked the description of the
territory constitutJpg Federal Reserve District No. 8,
which appears on pate 344 of the 1930 annual report,
and find i:tto.1oecrect, with the followine e)i.L2ption:
"Caroll" County, Miss., should be spelled
Carroll.

Yours very truly,

Federal Reserve Agent.

"
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•

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Federal Reserve Bank of St. Louis

rch 5, 1932

Honorable C. C. Dick'i.noon,
House of Representatives,
Washiaton, D. C.
Dear Mr. Dickinsont
The Reconstruction Finance Corooration has referred
to this office your recent requeet for a map of the coun—
ties, presumably in the State of Uissauri,

.ise in—

cluded in the 3t. Louis and Kansas City Federal Reeerve
Districts.
Althauh the ma? of Federal Reserve districts which
the Board _ublishes does not set forth county linos, a des—
cri?tion of the Federal Reerve districts Ls published in
the Annual hoport.

A copy of the Report for the year 1930

is enclosed herewith and your attention is directed to

Page 345 thereof.
Very truly yours,
711 M. McClelland.

E. M. McClelland,
lissistant Secretary
:6nclosure)

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Federal Reserve Bank of St. Louis

•
•

RECONSTRUCTION FINANCE CORPORATION
WASHINGTON

Ilarch 3, 1932.

Mr. Chester Morrill, Secretary,
Federal Reserve Board,
Treasury Building,
Washingto:1, D. C.
Dear Mr. Morrill:
We have a request from Honorable
C. C. Dickinson, House of Representatives, Washington,
D. C., that he be supplied with a Nr0 of the cau:Ities
in the Kansas City and St. Louis Federal Reserve districts, and as we are unalole to comnly with the recnes'o I an referrilc it to you for consideraAoft.
Very truly yours,

Encl.

W. G. McaARTEY
Assistant Secretary

•
•

•*

FEDERAL RESERVE BANK
OF NEWYORK

March 3, 1932

Mr. E.L. Smead, Chief,
Division of Bank Operations,
Federal Reserve Board,
Washington, D.C.
Dcar

Smead:
Replying to your letter B-686, dated February 23, we have

checked over the sections of the 1930 Annual Report of the Federal
Reserve Board to which you referred and find that we have no changes to
suggest.
Very truly yours,

H.V. Roelse,
Manager, Reports Department.

LGD

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Federal Reserve Bank of St. Louis

11M

•
•

FEDERAL RESERVE BANK OF SAN FRANCISCO

ISAAC B. NEWTON
CHAIRMAN OF THE BOARD
AND FEDERAL RESERVE AGENT

March 3, 1932

Attention: Mr. E. L. Smead, Chief,
Division of Bank Operations.
Dear Sirs:
The description of the territory constituting the Twelfth
Federal Reserve District and its branch zones, referred to in
\your letter of February 23, B-6861 is correct as it stands in the
...••••••••••••••••••••=0.1.01M00

1930 Annual Report of the Federal Reserve Board, therefore no
changes are necessary.
Yours very truly,

Assistant Federal Reserve Agent.

Federal Reserve Board,
Washington,
D. C.

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Federal Reserve Bank of St. Louis

February 27„ 1932.

Iliss Bernice Lavin,
1012 Jefferson Street,
Philadelphia, Penna.
Dear Miss Lavin:
Your letter of February 26, 1932, has been referred.
to this office by the Comptroller of the Currency, and there
is enclosed a copy of the Annual ,Report of the Federal Re-.
uorve. Board for the year 1930, beginning on page '341 of which
you will find information descriptive of the FedJral Rosary°
:)istricts.
Very truly yours,
• ••%-,

aw. ivr"rIft"nr41.

Ebacaand,
Assistant Secretary.

I
0.111.

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o:insylvanitu

":•)1/r IcAtcr of
, reowstilli: to be funtIched iio
rvItion with r0f3,41C't to the va1ouz bare-inc. ti1:3t3.1. Aso hats been referred
.to t. 2edoral enerve

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Federal Reserve Bank of St. Louis

Bet;)ootlu:',1y,

DeputyO i:)troller,

„

•
)
H *

TREASURY DEPARTMENT
Office, Comptroller of the Currency
February 27, 19 32.
Respectfully referred to the
Federal Reserve Board,

and the writer so a.:_vised.

Deputy Comptroller.

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Federal Reserve Bank of St. Louis

•
•

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FEDERAL RESERVE BANK
F DALLAS
C.C.WALSH
CHAIRMAN OF THE BOARD
AND FEDERAL RESERVE AGENT

February 26, 1932

Federal Reserve Board
Washington, D. C.
SUBJECT:

Gentlemen:

Description of Federal reserve
districts

Replying to your letter of February 23, 1932, B-686, over
the signature of E. L. Smead, Chief, Division of Bank Operations, referring to the 1930 Annual Report of the Federal Reserve Board, beginning on page 341, which contains a description of territory constituting each Federal reserve district,
and each branch zone, you are advised that we have had the
data shown for the Eleventh Federal Reserve District, except
that relating to land area and population, checked as of
December 31, 1931, and it appears that there are no corrections or changes necessary therein.
Very truly yours,
6a-0
(Federal Reserve Agent

C mvAirtc

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Federal Reserve Bank of St. Louis

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•
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••

FEDERAL RESERVE BANK
F

KANSAS CITY
OFFICE OF
FEDERAL RESERVE AGENT

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Federal Reserve Bank of St. Louis

Februrtry 26, 1932

Federal Reserve Board,
Washington, D. C.

Gentlemen:

Attention E. L. Snead, Chief,
Division of Bank Operations

Replying to Board's letter B-686, dated
February 23, 1932, the information given in the
1930 annual report of the Federal Reserve Board
on the territory included in this 2edera1 Reserve
District and served by our three branches has been
checked and found correct as of December 31, 1931,
except that the list of New Mexico counties does not
include Harding County, which was created in 1921
from portions of l'ora and Union Counties.
Federal Reserve Board letter St. 6569, dated
April 30, 1930, subject "Federal reserve trIlk and
branch territory," includes Harding County in the list
of New Mexico counties located in the Tenth Federal
Reserve District.
Very truly yours,

4111"
Federal Res
M/H

0
•

•
•

FEDERAL RESERVE BANK OF MINNEAPOLIS
NINTH DISTRICT
OFFICE OF THE CHAIRMAN
AND FEDERAL RESERVE AGENT
JOHN R. MITCHELL
CHAIRMAN AND FEDERAL RESERVE AGENT

CURTIS L. MOSHER
ASSISTANT FEDERAL RESERVE AGENT

F. M. BAILEY

February 25, 1932.

ASSISTANT FEDERAL RESERVE AGENT

Federal Reserve Board,
t5Lshincton, D. C.
Attention: 1:r. E. L. Smead.
Gentlemen:
In reply to your B-6861etter, the description
of the territory constituting the Ninth Federal Reserve
District and the territory served by the Helena Branch,
as contained in your 1930 Annual Report beginning on
page 31, is correct.
Very truly yours,

4/
Curtis L. 1:osher,
Assistant Federal Reserve Agent.

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Federal Reserve Bank of St. Louis

••

FEDERAL RESERVE BANK OF CHICAGO
230 SOUTH

LA SALLE STREET

February
Twenty-five

19 32

OFFICE OF THE
CHAIRMAN OF THE BOARD AND
FEDERAL RESERVE AGENT

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Federal Reserve Bank of St. Louis

Subject : Description of Federal Reserve Districts

Federal Reserve Board
'iashington, D. C.

Attention : Mr.E. L. Smead, Chief
Division of Bank Operations

Dear Mr. Smead:
As requested in your B-686, of February 23, I
have had the material in the 1930 annual report of the Federal Reserve Board, checked in so far as the Seventh Federal
Reserve district is concerned, as of December 31, 1931, and
wish to advise you that no changes are necessary in the description of this district.

ederal Reserve A.gent

HGP:FB

•1111

•

••

FEDERAL RESERVE BANK
OF BOSTON

ROY A. YOU NG, GOVERNOR
WILLIAM W. PADDOCK, DEPUTY GOVERNOR
WILLIAM WILLETT, CASHIER
KRICKEL K.CARRICK, SECRETARY

FREDERIC H. CURTISS
CHAIRMAN OF THE BOARD
AND FEDERAL RESERVE AGENT

ALLEN HOLLIS
DEPUTY CHAIRMAN OF THE BOARD

ASSISTANT CASHIERS

ELLIS G. HULT
ERNEST M. LEAVITT

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Federal Reserve Bank of St. Louis

CARL B. PITMAN
L. WALLACE S'NEETSER

CHARLES F. GETTEMY
ASSISTANT FEDERAL RESERVE AGENT

February 25, 1932

Mr. E. L. Smead, Chief
Division of Bank Operations,
Federal Reserve Board,
Washington, D. C.
Dear Mr. Smead:Referring to\your letter of February 23 we have
checked the ditta shown for the first Federal
Reserve district on Page 341 of the 1930 report,
excepting in so far as it refers to land area and
population, allIllIad_At to be corrept.as_uublished
No changes have since occurred.
last year.
Very truly yours,

Henry R. Bowser, Manager
Financial Statistics Division

.EIRB/s

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Federal Reserve Bank of St. Louis

••
FEDERAL RESERVE RANH.
01-7 CLEVELANTD

February 24, 1932.

Federal Reserve Board,
Washington, D. C.
Attention: }Az/. E. L. Smead
Gentlemen:
There has been no chano in the territory
constituting the Fourth Federal Reserve District
as shown on page 3/12 of the Board's Annual
Report for 1930, nor in the territory assigned
to the Cincinnati or Pittsburgh branches as shown
on page 347 of the same report.
This is in reply to
February 23.

our letter B-686 of

Very truly yours,

Ass stAmt Federal Reserve Agent.
( -

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Federal Reserve Bank of St. Louis

•
•
•

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Federal Reserve Bank of St. Louis

FEDERAL RESERVE BANK
OF RICHMOND
February 24, 1932

Federal Reserve Board
17ashington, D. C.
Attention

Er. E. L. Smead, Chief
Division of Bank Operations

Gentlemen:
In accordance -icithlyour letter B-686 dated
February 23rd, I have checked data concerning this
district (exc, Ft land area and population) which was
contained on the pages you indicate in the 1930 Annul Report of the Federal Reserve Board, and have found
the same correct.

Very truly yours

W. W. Hoxton
Federal Reserve Agent

•

f,
;
i

FEDERAL RESERVE BOARD
WASH1 NGTON

30 /

ADDRESS OFFICIAL CORRESPONDENCE TO
THE FEDERAL RESERVE BOARD

February 23, 1932,
1
\ B-686.
SUBJECT:

Description of Federal reserve districts.

'
4

tv)

Dear Sir:
The 1930 Annual Report of the Federal Reserve
Board, beginning on page 341, contains a description
of the territory constituting each Federal reserve district and each branch zone.

It will be apiDreciated if

you will kindly have the data shown for your district,
except that relating to land area and population,
checked as of December 31, 1931, and advise the Board
of any necessary changes therein.

Very truly yours,

3. L. Snead, Chief,
Division of Baril.
: Operations.

TO ALL FEDERAL R7S7,73.1.rE AGEITTS*

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Federal Reserve Bank of St. Louis

February 10, 1932.

Mr. I. R. Rounds
Reconstruction Finance Coinoration
Washington, D. C.
Dear Sir:
Please find herein revised list of the
names, set forth in my letter of February 9th, all
prominent bankers in Missouri, as suggested for
advisory committee for Er. Roy L. Bone of the Kansas
City district or for Mr. O. M. Atteberry of the St.
Louis district, as the sane may a'Yoear to be in such
district. These al.e selected by the Rel)resentatives
in the several districts of Missouri as being highclass, cometent and fitted for such service.
If available, please furnish me a map of
the counties in the Kansas City district and in the
St. Louis district.
Thanking you in advance, I am,
Very truly yours,
(Sised) C. G. Dickinson

COD:PD.

Cr 0 P

Y •

Feoraary,9, 1932.

Charles G. Dawes
Reconstruction Finance Corporation
Washington, D. C.
Attention:

Mr. L. R. Rounds

Dear Sir:
Calling your attention to the suggestion made at a conference held in your office Monday morning, at which numerous members
of Congress from certain western states, including Missouri, were
nresen:, at which time we were told that Mr. Roy L. Bone of Tuper.a,
Kansas, would be the Agent for the Kansas City District, with headquarters in the Federal Reserve Bank, and Mr. 0. M. Attebury would be
the Agent at. St. Louis, the suggestion was further made that the
names of suitable )ersons in said district be sent, from whom an Advisor: Comuittee mii:ht be selected.
Res-oondin:_7: to such suggestion, I am sending the following
names:
Cornelius Roach, Kansas City, Mo.
Wm. E. Hudson,
Carrollton, Mo.
Thos. L. Cheatham, Warrensburg, Mo.
Wm. F. Yates,
Richmond, Mo.
H. V. Litzenfelner, Caruthersville, Mo.
S. C. Hunt, Colunbia, Mo.
B. Brickey, Festus, Mo.
A. E. Oliver, Lebanon, 1:o.
E. M. Darirell, Shelbyville, Mo.
These names are taken from differe-=It districts in the State
of Missouri, some of them located in the Kansas City District and
others in the St. Louis District, and all bankers, I understand.
If available, I wish you would have sent to mu office, H. 0.
3. #332, a man Showing what counties are of Missouri are located in
the Kansas City District and what in the St. Louis District.

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Federal Reserve Bank of St. Louis

-2- Eon.Charles G. Dawes

February 9, 1932.

Thankino you in advance and for all
pro-eer information
relative to the makiw; of loans under the
Reconstruction
Finance
Corporation Act, I am,
Very truly yours,

COD:PD

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Federal Reserve Bank of St. Louis

(Signed)
C. C. Dickinson
H. C. B. #332

Juno 5,1931

1%.* Allen
qbert,
Elsistant to ';resident,
Chicago ,erld t s
ir Cntennial Celebration,
160 North La 3alle -truet,
Chico, Illinois*

I aclalowledge receipt of your letter of ,'une 2nd„ naking inquiry al to the manner in which the locetion of the twelve Federal
reserve bantm 1,.tlz: determined, and you nre advised that the Federal
Re-,ery° Act provided for "The Reserve :lank Organiuktion Convaitte ",
cmsicting of the then Secretary of the 'ronsury, the ,ecretarl, of
r,riculture End the Gortmtrellc3r of the Currency, Ipose duty it wfs
to desimate not

ess Vim eir,ht nor nore than twely.; cities to be

pown na Fnderni reserve cities, on-1. to divide the ontinunLc1
United 't.tes into districts, each of which was to contain only one
of the Federal reserve cities*

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Federal Reserve Bank of St. Louis

The Act went on to

rovide Lhat:

'The deter.aination of wid organization commi' eu shall
not; be subject to review e-cept

y the 'ederal 'Zeserve

1)ard when organized: 'raided, That the districts sh,
11 be
nn-ortioned with due regard to the c)rvenience nnd custonary course of business and shal

noi necessarily be co-

terminouf.-, with any ;tato or ,;tntes*
erected mwr ho readjusted

districts thus

nd now districts ry from time

to time be cr nr, ,d by the ludoral Lesurve Botrd, not to

exceed twelve in all.

such districts s' 11 be IMAM

as Federal reserve districts and ma:: be designated by
number. ' majority of the orr,anization committee shall
constitute a quorum with 'uthoril,y 7.o act."
/ am sending you herewith a copy of the report setting forth
-1‘o decision of this committee as to the looati n of the twelve
Federal reserve banks snd the territorr to be served by e,*eh.

;,he

location of the Federal reserve banks has never been changed, althoui-h
some saall adjustments have been made in the districts.

Beginning on

Page 341 of the Annual Report of the Federal Reserve Board for the year
1950, a co -y of which is also anclosed, yo

1.4111 find a description of

the Federal reserve districts as at present constituted, as well as a
description of the territories within the districts serve

by the

branch Federal reserve banks, “hich have been established frol -Arne to
time under the wIthority of the Act.

The locrtion of these 'ortnches

has been selected largely because of e concentration o

brnking busi-

ness in and 'round Ow respective cities which seemed to justify the
est•blishfient of , branc'. to Lake care (3-. the requirements of banks
locsted in the city and vicinity.

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Federal Reserve Bank of St. Louis

Very truly yours,

:(SiErvj) Erne Meyer
Eugene Hoer.
Governors
(Enclosures)

COPY
EMIIBIT 0

30/.
T/-

DECISION OF THE RESERVE BANK ORGANIZATION COMMITTEE DRTERMINING THE FEDERAL MERU
DISTRICTS AND THE LOCATION OF THE FEDERAL RESERVE BANES.
(Under the Federal reserve sot approved. Dec. 23, 1913.)
The Federal Reserve act directs the reserve bank organization committee to "designate not less than 8 nor more than 12 cities, to be known as Federal reserve cities;"
to "divide the continental United States, excluding Alaska, into districts, each
district to contain only one of such Federal reserve cities;" and to apportion the
districts "with due regard to the convenience and customary course of business." The
act provides that the districts may not necessarily be coterminous with any State or
States.
In determining the reserve districts and in designating the cities within such
districts where Federal reserve banks shall be severally located, the organization
committee has given full consideration to the important factors bearing upon the
subject. The committee held public hearing's in 18 of the leading cities from the
Atlantic to the Pacific and from the Great Lakes to the Gulf, and was materially
assisted thereby in determining the districts and the reserve cities.
Every reasonable opportunity has been afforded applicant cities to furnish evidence to support their claims as locations for Federal reserve banks.
More than 200 cities, through their clearing-house associations, chambers of commerce, and other representatives, were heard. Of these, 37 cities asked to be designated as the headquarters of a Federal reserve bank.
The majority of the organization committee, including its chairman and the Secretary of Agriculture, were present at all hearing*, and stenographic reports of the
proceedings were made for more deliberate consideration. Independent investigations
were, in addition, made through the Treasury Department, and the preference of each
bank as to the location of the Federal reserve bank with which it desired to be connected was ascertained by an independent card ballot addressed to each of the 7,471
national banks throughout the country which had formally assented to the provisions
of the Federal reserve act.
Among the many factors which governed the committee in determining the respective
districts and the selection of the cities which have been chosen weres
minimum
First. The ability of the member banks within the district to provide the
6 per
of
basis
the
an
bank,
reserve
Federal
the
for
required
capital of 44,000,000
district.
the
cent of the capital stoat and surplus of member banks within
existing in each
Second. The mercantile, industrial, and financial connections
and the
district
the
of
portions
district and the relations between the various
bank.
reserve
Federal
the
city selected for the location of
district, after
Third. The probable ability of the Federal reserve bank in each
act shall have gone
organization and after the provisions of the Federal reserve
whether normal or abnormal,
into effect, to meet the legitimate demands of business,
Federal reserve act.
in accordance with the spirit and provisions of the
capital for the Federal
available
Fourth. The fair and equitable division of the
reserve banks among the districts created.
district, transportation lines,
Fifth. The general geographical situation of the
the Federal reserve bank and all
between
and the facilities for speedy communioation
portions of the district.
business activities of the district,
Sixth. The population, area, and prevalent
commercial, its record of growth and
Whether agricultural, manufacturing, mining, or
future.
development in the past, and its prospects for the

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Federal Reserve Bank of St. Louis

•
In determining the several districts the committee has endeavored to follow State
lines as closely as practicable, and wherever it has been found necessary to deviate
the division has been along lines which are believed to be most convenient and advantageous for the district affected.
The 12 districts and the 12 cities selected for the location of the Federal reserve
banks are as follows:
District No. 1.-The New England States: Mains, New Hampshire, Vermont, Massachusetts,
Rhode Island, and Connecticut, with the city of Boston as the location of the
Federal reserve bark.
This district contains 445 national banks which have accepted the provisions of the
Federal reserve act. The capital stock of the Federal Reserve Bank of Boston, on the
basis of 6 per cent of the total capital stook and surplus of the assenting national
banks in the district, will amount to 49,924,543.
District No. 2.-The State of New York, with New York City
Federal reserve bank.

the location of the

This district contains 477 national banks which have accepted the provisions of the
Federal reserve act. The capital stock of the Federal Reserve Bank of New York, an
the basis of 6 per cent of the total capital stock and surplus of the assenting
national banks in the district, will amount to 420,621,606; aad if there be added 6
per cent of the capital etock and surplus of the State banks and trust companies
which have applied for membership up to April 1, 1914, the total capital stock will be
420,687,606.
District No. 3.-he States of New jersey and Delaware and all that part of Pennsylvania located east of the western boundary of the following counties: EtTrean, elk,
Clearfield, Cambria, and Bedford, with the Federal reserve bank in the city of
Philadelphia.
This district contains 757 national banks which have accepted the provisions of the
Federal reserve act. The capital stock of the Federal ileserve Bank of Philadelphia,
on the basis of 6 per cent of the total capital stock and surplus of the assenting
national banks in the district, will amount to 412,488,138; and if there be added 6
per cent of the capital stook and surplus of the State banks and trust companies
which have applied for membership up to April 1, 1914, the total capital stock will be
412,500,738.
District No. 4.-The State of Ohio; all that part of Pennsylvania lying west of district
No. 3; the counties of Marshall, Ohio, Brooke, and Bancodk, in the State of ',;est Virginia; and all that part of the State of Kentucky located east of the western
boundary of the following counties: Boone, Grant, Scott, Woodford, Jessamine,
aarrard, Lincoln, Pulaaki, and McCreary, with the city of Cleveland, Ohio, as till,
location of the Federal reserve bank.
This district contains 767 national banks which have accepted the provisions of
the Federal Aeserve Act. The capital stock of the Federal Reserve Bank of Olevaland,
on the basis of 6 per cent of the total capital stook and surplus of the assenting
national banks in the district, will amount to 412,007,384; and if there be added 6
per cent of the capital stock and surplus of the State banks and trust companies
will
whidh have applied for membership up to April 1, 1914, the total capital stock
be 412,100,384.

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Federal Reserve Bank of St. Louis

•
District No, 5.4he Distriet Of Columbia, and the States of maryland, Virginia, North
Carolina, South carolina„ and all of West Virginia except the (twenties of Marshall,
Ohio, Bradt% and Hanoodk, with the Federal reserve bank located in the city of
Riohmond, Vs.
This district contains 475 national banks *Jobbers acoepted the provisions of the
Federal Reserve Act. The *vital stook of the Federal eserve Bank of Alchmand, on
the basis of 6 per cent of the total capital stook and surplus of the assenting
national banks in the district, Will amount to 44303,301; and if there be added 6
per cent of the capital stock and surplus of the State banks and trust oampanies
which have applied for membership up to April 1, 1914, the total capital stook will
be 46,542,713.
District No. 6.-2he States of Alabama, Georgia, and Florida; all that part of Tennessee
located east of the western boundary of the following countless Stewart, Houston,
vvayno„ Humlihreys, and Perry; all that part of Mississippi located south of the
northern boundary of the following countless Issaqnena, Sharkey, Yazoo, Kemper,
Madison, Leaks, and Neshoba; end all of the southeastern part of Louisiana located
east of the western boundary of the following parishes: Pointe Coupe°, lberville,
Assumption, and Terrebonne, with the oity of Atlanta, Ga., as the location of the
Federal reserve bank.
This district contains 372 national banks which have accepted the provisions of the
Federal reserve act. The capital stock of the Federal Reserve Bank of Atlanta, on
the basis of 6 per cent of the total capital stook and surplus of the assenting
national banks in the district, will amount to 04,641,193; and if there be added 6
per cent of the Capital stook and surplus of the State banks and trust clam-ponies shia
have applied for memberthip up to April 1, 1914, the total capital stook will be
#4,70205514
District No. 7.-The State of Iowa; all that part of -,isoonsin located south of the
northern boundary of the following countless Vernon, Seak, Columbia, Dodge, .ashington, and Osaukee; all of the southern peninsnla of Michigan, via, that part east of
Lake Uldhigan; all that part of Illinois located north of a line forming the southern
boundary of the following countless Hanooft, Sohmyler, Cass, sangsmon, Uhristian,
Shelby, Cumberland, and Clark; and all that part of Indiana north of a line forming
the southern boundary of the following countless Vigo, Clay, Owen, Monroe, Brown,
Bartholomew, Jennings, Ripley, and Ohio, with the Federal reserve bank located in
the city of Chicago, Ill.
We district contains 952 national banks shidh have accepted the provisions of the
Federal reserve sot. The capital stook of the Federal Reserve Bank of Chicago, on
the basis of 6 per cent of the total capital eta& and surplus of the assenting
national banks in the district, will amount to .12,479,876; and if there be added 6
per cent of the capital stook and surplus of the State barks and trust companies
which have applied for membership up to April 1, 1914, the total capital stook will
be $12,967,701.
Distriot No. 6.-The State of Arkansas; all that part of Missouri located east of the
western boundary of the following oountiess Harrison, Daviees, Caldwell, Rey,
Lafayette, Johnson, Henry, St. Clair, Cedar, Dade, Lawrence, and Barry; all that
part of Illinois not inoluded in district No. 7; all that part of Linens not ineluded in district No. 7; all that part of Kentucky not ineluded in district
No. 44 all that part of Tennessee not included in district No. 6; and all that
part of Mississippi not included in district No. 6; with the city of St. Louis,
Ma., as the location Of the Federal reserve bank.

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Federal Reserve Bank of St. Louis

•
•

Thia diatriet contains 4G3 national banks which have accepted the provisions of
the Federal reserve act. The moital stock of the Federal Roservo Bank of St. Louis,
on the basis of G per cent of the total calital stock ar.d aurplus of the assenting
national banks in the diutrict,'will mount to C4,990,701; mad if there be added 0
per cent of the capital stock and surplus of the State banks and trust companies
which havo applied for membership up to April 1, 101,1$ tile total capital steak will
be :::60U37,000.
District ft. 0.-The Statoo of Montana, North Dakota, South Dakota, rinilesota; all
that part of Wisconsin not included in diotrict No. 7$ and all that part of
L'Ichioin not included in diotrict Jo. 7, with the city of UinnsaDolis,
the location of the ledoral reserve hank.
This district contains 0'7
, national banks which have acoomted the provisions of the
Federal rosorve act. 2130 capital stook of the ?oderal Rosorvo Bank or Nimmapoilop
on the basia of G per cent of the total capital stock and surplus of the assenting
national banks in the district, will anount to :)4,702,025,
Diotrict Now 10*-Tho States of Kansas, Nebraska* Colorado, and Wyoming; all that part
of flissouri not Ina:11140d in district ro. 3; all that part of Oklahoma north of a
line forming the southern bocndary of the following countios: Ellis, Dewey, Blaine,
Canadian, Cleveland, Pottawatomie, Soninolo, Okfuakee, nelntosh, VUOkeme, and
Sequoyah; and all that part of New rierico north of a line forming the southern
boung1k1T7 of the folloling counties: EoZinloy, Sandoval, Santa Fe, San Miguel, aud
Union, with the city of Eansas City, no., an the location of the Federal resorvo bask.
This district contains 030 national banks whiah have accepted the provisions of the
Federal rescrvo act. The °vital stock of the Poderal Reserve Bank of :AMON City, an
the basis of 6 per, cent of the total capital otodk and surplus of the aasentinc
national banks in the district, will amount to 5,600,015; and if there be added 0
per cent of the capital stook and surplus of the State banks and trust coroanios whidh
have applied for menhership up to April 1, 1014, the total capital stock will be
District N.04 1140-21° State Of Texas; all that 1.31rt of Vow 7!oxico not included in district IT04, 10; all that part of Oklahoma not included in district No. 10; all that
part of Louloiana not included in district 1:o. 0; and the following *aunties in the
State of Arizoaas Pima, Grshall, Groonloo, Oochise, and Santa Cruz, with the
city
of Dallas, Tex411 as the location of the Federal =verve bank.
This distriot contains 731 national banks which have accepted the provisions
of the
Federal reserve act. The capital otook of the roderal Roserve rIank of Dallas,
an the
basic of 0 per (tent of the total capital stool: and surplua of the assenting
national
banks in t4o district, will want to 45,540,020; and if there ho added 0 per
cent of
the capital otock and surplus of the State banks and trust ccarxmios whidla
have applied
for roaborship up to April 1, 1014$ the total capital stock will be
45,053,024.
District NO. 12404ho States of CalVornia„ WaShinflton, Oregon, 'Idaho,
Nevada, and Utah,
and all that part of Arizona not included in district fo. U, with
the city of
San Francisco, Cal" an the location of the Federal roflerva
honk.
This district contains 514 national banks which have
accepted the provisions of the
Federal resorvo ont• The oapital stook of the Fodorel
Bosom Bank of San rrancisco,
on the basis of 6 por cent of the total oapital stook and surplus of the asoontinc

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Federal Reserve Bank of St. Louis

•
•

uatices:i baflka in tho district, will amount to 171.C=.375; and if there bo added 0
per cten, of the capital stook and surplus of the State bunth and trust eenpunios
hove appliva for membership up to April It 10]G, the etal or1ta1sto3 will be
;:;31•1180W,
1010 ocmoittoolkmo impessedwith the growth and devolopmaat of the St,atoa of Idaho,
Waehinglons and °Moon, but on the basio or 0 per cent of the capital stock and
auxplais of national bank* and State banks aad trust clumpamiAblimilioh have nppliud for
nombershi9, that section could not provide tho ;:y1,000,000 Wadi= capita stock.
required bj the lam. With the continued Grouat af that :voGion it is reasonable to
=poet that La a fee years the capital and surplus ofita nether banks will be
.suffielent to justLey the creation or an additional Aftral 17=cave district, tit WWI&
tine application =ay be natio to the i3onGri,za 20x a grant of the neeessary authority*
n 13 ne part of the duty or the ortjanization eemoittue to locate bamndhes of the
Vederal roserVe banks., 'Me law specifically provides taut , olaal Vederal reserve
bank shall establish brandit banks within the 2A:deral :=crie (.14trict LA v4lieh it le
locate-as" All the ulterial collected by the oa=littoo will be Illaded at the dieposal of the Fedora], reserve baAks and the Fedezal Reeorvo Board sten thoy aro
eroanized and roady to coasider the estantshLrint or brancth

74 G. ::eadoo,
D. P.newton,
Zno* Skelton aliluuz,
:3C30-4TO

Waahlrk;tong Do 0., April 2, 1014,

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Federal Reserve Bank of St. Louis

nank Or3malsattoom Committee,

Chll!AVO WORLD'S "AIR
CENTENNIAL CELEBRATION
1933
AN•ILLINOIS•CORPORATION•NOT•fOR•PECUNIARY•PROFIT
•
• TRUSTEES •
TRUSTEES •
.--",...\ ***\
'
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F LOYD • L• BATEMAN ..."‹ .-\
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/..." SAMUEL • INSULL•JR
,
DANIEL • H•BURNHAM
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C• C• CARNAHAN
CHAUNCEY.McCORMICK
ABEL.DAVIS
160-NORTH•LA SALLE•ST• CHICAGO ILLINOIS ROBERT.R•McCORMICK
RUFUS- C•DAWES
CABLE tHICAGOFAIR. • TELEPHONE DEARBORN 7400 RUTH•HANNAMcCORMICK
GEORGE•W• DIXON
AMOS•C•MILLER
OSCAR.G• FORE MAN
STUYVESANT• PEABODY
RUFUS C • DAWES • PRESIDENT
GEORGE•F•GETZ
CHARLES • S•PETERSON
CHARLES•F•G LORE
ALBERT A•SPRAGUE
C• S• PETERSON • VICE-PRESIDENT
JAM ES • E•G ORMAN
BERNARD•E•SUNNY
EDWARD •N• HURL EY
DANIEL.H • BURN HAM • SECRETARY
GEORGE-WOODRUFF
SAMUEL- INSULL
GEORGE • WOODRUFF•TREASURER

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• ,1111111111111

-,11toilt177.44
1111111 I

1933

June 2, 1931

ALLEN D. ALBERT, Sc. D.

13C)it

ASSISTANT TO PRESIDENT

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

Mr. Eugene Meyer, Governor
Federal heserve Board
Washington, D. C.
Dear alr. governor:
Faye you in print an account of the manner
branch
in which the cities were srlected for the
bans or the Federal Reserve System?

It is my

understanding that in every case that city was
banks
chosen which the prospective members of the
voted for.

If that, is true, I should like to draw

nation
some conclusions as to the division of the
into trade zones.

In any case, will 70,1 send --ne

the
what information you have that is available on
location of the branch banks?
Very Uruly yours,
‘\:

C\''---"'

ADA:—C

' 1931
(Amor OF

TErz, „ rirwmi9P,

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Federal Reserve Bank of St. Louis

p,7:--4)--,: -:.-Z•FiTTi-

Zebruary 'A, 1971.

Dear `3ir:
I have your letter of -ebruary 20th and note that
the Annual eart which !)cco7ananied my letter pf February 6,
does not furnish the informatiln which yiu desire. On Pne
:M4 of the nlerort Till be found a tabulation of the 7ederal
'n.eserve 7ranch territories, but it will be noted that the
territory covered by the Little 7ock, Louisville and letn7-)his
!ranches in the St. Louis District is not determined by state
or county lines. Teference, however, is made to certain
cities in these territories which anpear in the Federal rek.serve Inter-District Collection ystem list f2.„7-,d for your convenience in determinine the territ)ries covered
each Branch
T am enclosin a copy of the January 1. 1971 issue. Your
attention is called to Pees 2, 1:3, 20, 7,3. 47 nnd 48.
Very truly yours.

J. C. Yoell.
f ,A.stant
''Pcretary.

7:m: i
Thilins, DiredVpr,
7;o-ard of Trustees Postal-e;aiin.:s
woshington,
C.
'
... 7.11.115111Mkgre.
:1

DIRECTOR
POSTAL SAVINGS SYSTEM

•0

•
•

IN REPLYING

REFER TO INITIALS AND DATE

TBoarb of Xru5teet4
POSTAL_ SAVINS SYSTEM

Udazbington
February 20, 1931.

Federal Reserve Board,
Washington, D. C.

Gentlemen:
Receipt is acknowledged of yourletter of February 6, relative
to my request for information regarding the territories assigned to
each Federal Reserve Bank and Branch Federal Reserve Bank.

The

annual report which accompanied your letter does not furnish the information desired, and I shall appreciate it

you will furnish me

with a list of the counties in Arkansas, Illinois, Indiana, Kentucky,
Mississippi, Missouri, and Tennessee assigned to the various Branch
Federal Reserve Banks in the Saint Louis district.

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Federal Reserve Bank of St. Louis

By direction of the Board of Trustees.
Very truly yours,

—2,0"s 1.

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Federal Reserve Bank of St. Louis

/
February 5, £931.

-.)ear Sir: .
leceint is acknowledged of your request of
Februnry 3rd, and, aceordingly, there is handed you
herewith a copy of the Sixteenth Annual eport of the
Federal '.eserve Board on page 106 of which is nrinted
a map showing the divisions of the 12 Federal eserve
Districts.
Your attention is also directed to pajSB
298 to 305, inclu3ive, which give detailed informatim
as to the specific territories covered by each Yederal
reserve bank and its res'...)ective branches.
Very truly yours,

Tracilr
J. C.
Assistant 'eeretary.

. H. Pearson, acting Director,
Division of Postal savings,
Post Office Department,
,7adhington, D.C.

rnelosure:

•
•

•
•
DIVISION OF POSTAL SAVINGS

IN YOUR REPLY REFER TO

ilowt Mita> Bilmatnrut
THIRD ASSISTANT POSTMASTER GENERAL

MaBilingtou
February 3, 1931.

Federal Reserve Board,
Washington, D. C.

Gentlemen:
If your office publishes a small map showing the boundaries
of the various Federal Reserve districts and subdistricts, will
you please forward me a copy?

If a map is not available, please

state the boundaries of territories assigned

the branches of

the Saint Louis and Atlanta banks.

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

By direction of the Third Assistant Postma

er General

Very truly yours,

Director.

•OrHE
NEV YOR ICER
NO. 25 WEST 45TH STR.EET

October 14, 1930

maad, Chief
Mr. E. L
Division of Bank Operations
Federal Reserve Board
Washington, D. C.
Dear Mr. Emead:
Thank you very much for your letter of October
10th, which explains how the various Federal
Reserve Districts were established,,and for the
—E1517-e-alh Annual RiT6i76 of the Federal Reserve
Board for the year 1929, which lists the names
of the counties and cities that were included
in each of the reserve and branch districts.

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Federal Reserve Bank of St. Louis

Yours

incere

W. E. Riegel
Director of Research

WER:T

October 10, 1930

Deer Sir:
Referring to your letter of October 9, the Federal reserve districts,
except for certain adjuetments subsequently made by the Federal Reserve Board,
are as determined by the Reserve Bank Organization Committee as provided for
in the first paragraph of Section 2 of the Federal Reserve Act as follows:
'Us soon as practicable, the Secretary of the Treasury, the
Secretary of Agriculture and the Comptroller of the Currency,
acting as "The Reserve Bank Organization Committee,' shall designate not less than eight nor more than twelve cities to be known
as Federal reserve cities, and shall divide the continental Malted
States, excluding Alaska, into districts, each district to contain
only one of such Federal reserve cities. The determination of said
organization committee shall not be subject to review except by
the Federal Reserve Board when organized: Provided, That the
districts shall be apportioned with due regard to the convenience
and customary course of business and shall not necessarily be
coterminous with any State or States. The districts thuo created
may be readjusted and new districts may from time to. time be
created by the Federal .teserve Board, not to exceed twelve in all,
Such districts shall be known as Federal reserve districts and aiay
be designated by number. A majority of the organizetior committee
shall constitute a quorum with authority to act.'
,
-,i reserve
The organization committee decided to establish twelve Feder,
districts, the maximum number authorized by the Federal Reserve Act and in
fixing the boundaries of the districts Was guided by the above quoted providion of the 'Federal Reserve Act.
We are unable to furnish you a lerger map showing the various Federal
reserve districts but are enclosing herewith a copy of the Board's 1929
Annual Report, on pages 298 to 303 of Which there is a description ef the
territory included in each Federal reserve district and on pages 304 and 305
a similar description of the territory in each Federal reserve branch zone.Very truly yours,

W. 7.. Riegel,
Director of Ilesearch,
The New Yorker,
25 'test 45th St.,
New York, N. Y.

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Federal Reserve Bank of St. Louis

E. L. Sreead, Chief,
Division of :enk Oneretions.

(1) Enclosure.

Otrawaimesimall

•
*THE

tit.t;li-ex. UP

NEV YOR KER

41P

NO. 25 WEST 45TH STREET

October 9, 1930
Mr. F. L. Smad, Chief
Division of Bank Operations
Federal Reserve Board
Washington, D. C.
Dear Mr. Snpad:
The information which has been sent to us since we
entered our subscription to the Federal Reserve
Bulletin has been most helpful, and we have made
rather extensive use of the figures pertaining to
department store sales, as well as those figures
which show the debits in various cities throughout
the country.
For sometime The New Yorker has been working on a
market study which has to do with the retail trading
areas of metropolitan centers. The work which we
are attempting differs radically from any which has
been produced previously, as we are primarily interest—
ed in the influence of department stores in large
cities.
In connection with all this, the writer finds himself
studyin the map of the various Federal Reserve districts,
and wonders whether it would be possible to procure
from you a larger map which shows more minutely and by
towns where these boundaries of both the reserve and
branch territories cut across each state.
Perhaps the question may sound a little inane, but I
would like to know what was the deciding factor in the
establishment of these territories, as it is possible
that The New Yorker can make advantageous use of them.
Of course, The Chicago Tribune has for sometime been
talking about Zone 7, the center of which is Chicago.
Included in Zone 7 is the state of Iowa, and while I
realize that these territories have only to do with the
banking activities of the Federal Reserve, I am wonder—
ing whetherfilityoould not be applied to purchases of
standard merchandise. It is possible that consumer
purchases had something to do with the establishment
of the outlines of each of the districts.

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

1-10EW YOKKER.

•II

If you or someone else could answer these rather
broad and vague questions outlined, the courtesy
would be greatly appreciated. Perhaps it would
clarify matters if I were to put the question in
a different way. For instance - why is the western
portion of West Virginia included in the Baltimore
rather than in the Pittsburgh branch territory?

ncer ly your

W. E. Riegel
Director of Research

WER:T

lit

g..zr,A4
,4

Office Correspora
To

From

Mr. Van Fossen (Division of Bank
Operations)
Chief Clerk

FEDERAL RESERVE
BOARD

elkuly 28, 1930,

PICT-FM OP JUL 9 R

Subject:

igao

1/,
OP.)

(1611-V

/ 1 21495
7

Will you kindly check the attached. list of street addresses

of the Federal reserve banks and branches, brinEing it up to date and
return to this office with several copies of the revised list.

(
60%,

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PC.---10'^%04 Cf

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

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

f'S FEDERAL RESERVE BOARD
WASHINGTON

, April 23, 1930.
6
- .1004
'
St. 6569.

SUBJECT:

Federal Reserve Bank
and branch territory.

Dear Sir:
As stated in our letter of February 25,
1930, we have compiled statements showing the
original territory included in each Federal reserve district and in each Federal reserve branch
zone, subsequent changes in such territory, and
the territory in each district and branch zone on
December 31, 1929.
A copy of each of these statements,
St. 6489 and St. 6489a, revised in accordance
with advices received from the Federal reserve
agents, is enclosed herewith for your information.
Very truly yours,

J. C. Noell,
Assistant Secretary.
k
44?
I

,11

Enclosures.

TO ALL F. R. AGENTS*

-71
/14

411(

ty/
TERRITORY INCLUD:D IN EACH FEDERAL RESERVE DISTRICT

DISTRICT NO. 1

301. St. 64s9

ORIGINAL TERRITORY - The New Enland States: Maine, New Hampshire, Vermont,
Massachusetts, Rhode Island and Connecticut.
CHANGES - Aril 1, 1916, Fairfield county, Conn., transferred to 2nd
district.
TERRITORY DEC. 31, 1529 Connecticut (excluding Fairfield County)
Eaine
Massachusetts
New Hampshire
Rhode Island
Vermont
DISTRICT NO. 2
ORIGINAL TERRITORY - The State of Now York
CHANGES - July 1, 1915 - 12 following counties in New Jersey transferred
from
District 3:
Bergen
Hunterdon
Morris
Sussex
Essex
Middlesex
Passaic
Union
Hudson
Monmouth
Somerset
Warren
April 1, 1916 - Fairfield County, Conn., transferred from 1st
district.
TERRITORY DEC. 31, 1929 Connecticut (Fairfield County)
New Jersey (northn :)art)
Counties of Boren
Hunterdon
Essex
Middlesex
Hudson
Monmouth
New York

DISTRICT NO.

Morris
Passaic
Somerset

Sussex
Union
Warren

ORIGINAL TERRITORY - The States of New Jersey and Delawa
re and all that part
of Pennsylvania located east of the western
boundary
of the following counties: McKean, Elk, Clearf
ield,
Cambria, and Bedford.
CHANGES - July 1, 1915 - 12 following counties in
New Jersey transferred to
2nd District:
Berg.m
Hunterdon
Morris
Sussex
'
Essex
Middlesex
Passaic
Union
Hudson
Monmouth
Somerset
Warren

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Federal Reserve Bank of St. Louis

•O

-2

st.64g9

maaRITo2Y

DEC. 31, 1929 Delaware
Now Jersey(southorn ..?ert)
Counties ofAtlantic
Cape May
Burlington
CumbrIrland
Camden
Pennsylvania
Counties ofAdams
Clinton
Bedford
Columbia
Berks
Cumberland
Blair
Daxphin
Bradford
Delaware
Bucks
Elk
Cambria
Franklin
Cameron
Fulton
Carbon
Huntingdon
Center
Juniata
Chester
Lackawanna
Clearfield
Lancaster

DISTRICT No.

Gloucester
Mercer

Lebanon
Lehigh
Luzern°
Lycoming
McKean
Mifflin
Monroe
Montgomery
Montour
Northampton
Northumberland
Perry

Ocean
Salem

Philadelphia
Pike
Potter
Schuylkill
Snyder
Sullivan
Susquehanna
Tioga
Union
Wayne
Wyoming
York

ORIGINAL TERRITORY - The State of Ohio,
all that part of Pennsylvania lying
west of District No. 3; the counties of Mars
hall, Ohio,
Brooke and Hancock, in the State of West
Virginia, and
all that part of the State of Kentucky loca
ted east of
the western boundary of the following
counties: Boone,
Grant, Scott, Woodford, Jessamine, Garrard,
Lincoln,
Pulaski and McCreary.
CHANGES -

July 1, 1915 - Wetzel and Tyler counties of
West Virginia transferred from 5th District.

TERRITORY DEC. 31, 1929 Kentucky (eastern part)
Counties of Bath
Fleming
Bell
Floyd
Boone
Garrard
Bourbon
Grant
Boyd
Greenup
Bracken
Harlan
Breathitt
Harrison
Campbell
Jackson
Carter
Jessamine
Clark
Johnson
Clay
Kenton
Elliott
Knott
Estill
Knox
Fayette
Laurel
Ohio

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Federal Reserve Bank of St. Louis

Lawrence
Lee
Leslie
Letcher
Lewis
Lincoln
McCreary
Madison
Magoffin
Martin
Mason
Menifee
Montgomery
Morgan

Nicholas
Owsley
Pendleton
Perry
Pike
Powell
Pulaski
Robertson
Rockcastle
Rowan
Scott
Whitley
Wolfe
Woodford

•

41/ 410

- 3-

St. 69

Pennsylvania (western part)
Counties ofAllegheny
Crawford
Armstrong
Erie
Beaver
Fayette
Butler
Forest
Clarion
Greene
West Virginia (northern part)
Counties ofBrooke
Marshall
Hancock
Ohio

Indiana
Jefferson
Lawrence
Mercer
Somerset

Venango
Warren
Washington
Westmoreland

Tyler
We

DISTRICT NO, 5
ORIGINAL TERRITORY - The District of Columbia, and the States of Maryland,
Virginia, North Carolina, South Carolina and all of
West Virginia except the counties of Marshall, Ohio,
Brooke, and Hancock
CHANGES - July 1, 1915 - Wetzel and Tyler counties of West Virginia transfrrod to 4th District
TERRITORY DEC. 31, 1929 District of Columbia
Maryland
North Carolina
South Carolina
Virginia
West Virginia (southern
Counties ofBarbour
Berkeley
Boone
Braxton
Cab ell
Calhoun
Clay
Doddridge
Fayette
Gilmer
Grant
Greenbrier
Hampshire

part)
Hardy
Harrison
Jackson
Jefferson
Kanawha
Lewis
Lincoln
Logan
McDowell
Marion
Mason
Mercer
Mineral

DISTRICT NO,
ORIGINAL TERRITORY -

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Federal Reserve Bank of St. Louis

Mingo
donongalia
Monroe
Morgan
Nicholas
Pendleton
Pleasants
Pocahontas
Preston
Putnam
Raleigh
Randolph
Richie

Roane
Summers
Taylor
Tucker
Upshur
Wayne
Webster
Wirt
Wood
Wyoming

The States of Alabama, Georgia, and Florida; all that
part of Tennessee located east of the western boundary
of the following counties: Stewart, Houston, Wayne,
Humphreys, and Perry; all that part of Mississipni
located south of the northern boundary of the follow
ing
counties: Issaquena, Sharkey, Yazoo, Kemper, Madison,
Leake, and Neshoba; and all of the southeastern part of
Louisiana located east of the western boundary of the
following parishes: Pointe Coupee, Iberville, Assumption,
and Terrebonne.

4 ^
St. 6489
CHANGES - April 1, 1916 - 16 following parishes in Louisiana transferred
from District 11:
Acadia
Allen
Avoyelles
Beauregard

Calcasieu
Cameron
Evangeline
Iberia

Jefferson Davis
Lafayette
RaDides
St. Landry

St. Martin
St. MarY
Vermillion
Vernon

Dec. 12, 1919 - Parts of Sharkey and Yazoo counties, Miss.,which
had been made a part of the new county of Humphreys, transferred
to District 8.
TERRETORY DEC. 31, 1929:Alabama
Florida
Georgia
Louisiana (southern part)
Parishes ofAcadia
Evangeline
Allen
Iberia
Ascension
Iberville
Assumption
Jefferson
Avoyelles
Jefferson Davis
Beauregard
Lafayette
Calcasieu
La Fourche
Cameron
Livingston
East Baton Rouge
Orleans
East Feliciana
Plaquemines
Pointe Coupee
Mississippi (southern part)
Counties ofAdams
Harrison
Amite
Hinds
Claiborne
I ssaquena
Clarke
Jackson
Copiah
Jasper
Covington
Jefferson
Forrest
Jefferson Davis
Franklin
Jones
George
Kemper
Greene
Lamar
Hancock
Lauderdale
Tennessee (easterapart)
Counties ofAnderson
Giles
Bedford
Grainger
Bledsoe
Greene
Blount
Grundy
Bradley
Hamblen
Campbell
Hamilton
Cannon
Hancock
Carter
Hawkins
Cheatham
Hickman
Claiborne
Houston

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

Rapides
St. Bernard
St. Charles
St. Helena
St. James
St. John the
Baptist
St. Landry
St. Martin
St. Mary
St. Tammany

Tangipahoa
Terrebonne
Vermillion
Vernon
Washington
West Baton
Rouge
West
Feliciana

Lawrence
Leake
Lincoln
Madison
Marion
Neshoba
Newton
Pearl River
Perry
Pike
Rankin

Scott
Sharkey
Simpson
Smith
Stone
Walthall
Warren
Wayne
Wilkinson
Yazoo

McMinn
Macon
Marion
Marshall
Maury
Meigs
Monroe
Montgomery
Moore
Morgan

Scott
Sequatchie
Sotier
Smith
Stewart
Sullivan
Sumner
Trousdale
Unicoi
Union

St. 6489
Tennessee (eastern part) (Contld)
Clay
Humphreys
Cocke
Jackson
Coffee
Jefferson
Cumberland
Johnson
Davidson
Knox•
De Kalb
Lawrence
Dickson
Lewis
Fentress
Lincoln
Franklin
Loudon

Overton
Pickett
Perry
Polk
Putnam
Rhea
Roane
Robertson
Rutherford

Van Buren
Washington
Warren
Wayne
White
Williamson
Wilson

DISTRICT NO. 7
ORIGIYAL TERRITORY - The State of Iowa; all that part
of Wisconsin located
south of the northern boundary of the following
counties:
Vernon, Sauk, Columbia, Dodge, Washington, and Ozau
kee;
all of the southern peninsula of Michigan, viz, that
part east of Lake Michigan; all that part of Illinois
located north of a line forming the southern boundary
of the following counties: Hancock, Schuyler
, Cass,
Sangamon, Christian, Shelby, Cumberland and Clar
k; and
all that part of Indiana north of a line forming
the
southern boundary of the following counties
: Vigo,
Clay, Owen, Monroe, Brown, Bartholomew, Jennings
,
Ripley, and Ohio
CHANGES - Jan. 1, 1917 - 25
9th District:
Adams
Brown
Calumet
Clark
Door
Fond du Lac
Green Lake

following counties in Wisconsin transferred from
Jackson
Junean
Kewaunee
Langlade
Manitowoc
Marathon

TERRITORY DEC. 31, 1929 Illinois (norther part)
Counties ofBoone
Ford
Bureau
Fulton
Carroll
Grundy
Cass
Hancock
Champaign
Henderson
Christian
Henry
Clark
Iroquois
Coles
Jo Daviess
Cook
Kane
Cumberland
Kankakee
DeKalb
Kendall
De Witt
Knox
Douglas
Lake
Du Page
La Salle
Edgar
Lee

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

Marinette
Marquette
Monroe
Oconto
Outagamie
Portage

Livingston
Logan
McDonough
McHenry
McLean
Macon
Marshall
Mason
Menard
Mercer
Moultrie
Ogle
Peoria
Piatt
Putnam

Shawano
Sheboygan
Waupaca
Waushara
Winnebago
Wood

Rock Island
Sangamon
Schuyler
Shelby
Stark
Stephenson
Tazewell
Vermillion
Warren
Whiteside
Will
Winnebago
Woodford

•

Ilk

-o -

Indiana (northern part)
Counties ofAdams
Fountain
Allen
Franklin
Bartholomew
Fulton
Benton
Grant
Blackford
Hamilton
Boone
Hancock
Brown
Hendridks
Carroll
Henry
Cass
Howard
Clay
Huntington
Clinton
Jasper
Dearborn
Jay
Decatur
Jennings
De Kalb
Johnson
Delaware
Kosciusko
Elkhart
Lagrange
Fayette
Lake
Iowa
Michigan (southern part)
Counties ofAlcona
Eaton
Allej,an
Emmet
Alpena
Genesee
Antrim
Gladwin
Arenad
Grand Traverse
Barry
Gratiot
Bay
Hillsdale
Benzie
Huron
Berrien
Ingham
Branch
Ionia
Calhoun
Iosco
Cass
Isabella
Charlevoix
Jrckson
Cheboygan
Kalamazoo
Clare
Kalkaska
Clinton
Kent
Crawford
Lake
Wisconsin (southern part)
Counties ofAdams
Green Lake
Brown
Iowa
Calumet
Jackson
Clark
Jefferson
Columbia
Juneau
Crawford
Kenosha
Dane
Kewaunee
Dodge
Lafayette
Door
Langlade
Fond du Lac
Manitowoc
Grant
Marathon
Green
Marinette

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Federal Reserve Bank of St. Louis

St. 6 9
La Porte
Madison
Marion
Marshall
Miami
Monroe
Montgomery
Morgan
Newton
Noble
Ohio
Owen
Parke
Porter
Pulaski
Putnam
Randolph

Ripley
Rush
St. Joseph
Shelby
Starke
Steuben
Tippecanoe
Tipton
Union
Vermillion
Vigo
Wabash
Warren
Wayne
Wells
White
Whitley

Lapeer
Leelanau
Lanawee
Livingston
Macomb
Manistee
Mason
Mecosta
Midland
MissaUkee
Monroe
Montcalm
Muskegon
Montmorency
Newaygo
Oakland
Oceana

Ogemaw
Osceola
Oscoda
Otsego
Ottawa
Presque Isle
Roscommon
Saginaw
St. Clair
St. Joseph
Sanilac
Shiawassee
Van Buren
Tuscola
Wash tenaw
Wayne
Wexford

Marquette
Milwaukee
ivionroe
Oconto
Outagamie
Ozaukee
Portage
Racine
Richland
Rock
Sauk
Shawano

Sheboygan
Vernon
Walworth
Washington
Waukesha
Waupaca
Waushara
Winnebago
Wood

•

St. 64s9

DISTRICT NO. 8
ORIGINAL TERRITORY - The State of Arka
nsas; all that part of Missouri loca
ted
east of the western boundary of the foll
owing counties:
Harrison, Daviess, Caldwell, Ray, Lafa
yette, Johnson,
Henry, St. Clair, Cedar, Dade, Lawrence
, and Barry; all
that part of Illinois not included in
district No. 7;
all that part of Indiana not included
in district No. 7;
all that part of Kentucky not included
in district No. 4;
all that part of Tennessee not included
in
rict No.
6; and all that part of Mississippi not incldist
uded in
district No. 6.
CHANGES - December 12, 1919- Parts
of Sharkey and Yazoo counties, Miss
issippi,
which had been made a part of the newl
y created county of Humphrey;
transferred from District No, 6
TERRITORY DEC. 31, 1929 Arkansas
Illinois (southern part)
Counties ofAdams
Franklin
Alexander
Gallatin
Bond
Greene
Brown
Hamilton
Calhoun
Hardin
Clay
Jackson
Clinton
Jasper
Crawford
Jefferson
Edwards
Jersey
Effingham
Johnson
Fayette
Lawrence
Indiana (southern part)
Counties ofClark
Greene
Crawford
Harrison
Daviess
Jackson
Dubois
Jefferson
Floyd
Knox
Gibson
Lawrence
Kentucky (western part)
Counties ofAdair
Crittenden
Allen
Cumberland,
Anderson
Daviess
Ballard
Edmon son
Barren
Franklin
Boyle
Fulton
Breckenridge
Gallatin
Bullitt
Graves
Butler
Grayson
Caldwell
Green
Calloway
Hancock

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Federal Reserve Bank of St. Louis

Macoupin
Madison
Marion
Massae
Monroe
Montgomery
Morgan
Perry
Pike
Pope
Pulaski

Randolph
Richland
St. Clair
Saline
Scott
Union
Wabash
Washington
Wayne
White
Williamson

Martin
Orange
Perry
Pike
Posey
Scott

Spencer
Sullivan
Switzerland
Van derburg
Warrick
Washington

Hopkins
Jefferson
True
Livingston
Logan
Lyon
McCracken
McLean
Marion
Marshall
Meade

Ohio
Oldham
Owen
Russell
Shelby
Simpson
Spencer
Taylor
Todd
Trigg
Trimble

St. 6149
Kentucky (Contld)
Carlisle
Hardin
Carroll
1-art
Casey
Lender son
Christian
Henry
Clinton
Hickman
Mississippi (northern part)
Counties ofAlcorn
De Soto
Attala
Grenada
Benton
Holmes
Bolivar
Humphreys
Calhoun
Itawamba
Caroll
Lafayette
Chicasaw
Lee
Choctaw
Leflore
Clay
Lowndes
Coahoma
Marshall
Missouri (eastern part)
Counties ofAdair
Douglas
Audrian
Dunklin
Barry
Franklin
Benton
Gasconade
Bollinger
Greene
Boone
Grundy
Butler
Harrison
Caldwell
Henry
Callaway
Hickory
Camden
Howard
Cape Girardeau
Howell
Carroll
Iron
Carter
Jefferson
Cedar
Johnson
Charitcn
Knox
Christian
Laclede
Clark
Lafayette
Cole
Lawrence
Cooper
Lewis
Crawford
Lincoln
Dade
Linn
Dallas
Livingston
Dayices
Macon
Dent
Madison
Tennessee (western part)
Counties ofBenton
Fayette
Carroll
Gibson
Chester
Hardeman
Crockett
Hardin
Decatur
Haywood
Dyer
Henderson

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Federal Reserve Bank of St. Louis

Mercer
Metcalfe
Monroe
MUhlenberg
Nelson

Union
Warren
Washington
Wayne
Webster

Monroe
Montgomery
Noxubee
Oktibbeha
Panola
Pontotoc
Prentiss
Quitman
Sunflower
Tallahatchie

Tate
Tippah
Tishomingo
Tunica
Union
Washington
Webster
Winston
Yalobusha

Manes
Marion
Metcer
Miller
Mississippi
Moniteau
Monroe
Montgomery
Morgan
New Madrid
Oregon
Osage
Ozark
Pemiscot
Perry
Pettis
Phelps
Pike
Polk
Pulaski
Putnam
Rails
Randolph
Ray

Reynolds
Ripley
St. Charles
St. Clair
St. Francois
St. Louis
St. Louis City
Ste. Genevieve
Saline
Schuyler
Scotland
Scott
Shannon
Shelby
Stoddard
Stone
Sullivan
Taney
Texas
Warren
Washington
Wayne
Webster
Wright

Henry
Lake
Lauderdale
McNairy
Madison
Obion

Shelby
Tipton
Weakley

•
•
- 9 -

St. 6489
DISTRICT NO.
ORIGINAL TERRITORY -

The states of Montana, North Dakota, Sou
th Dakota,
Minnesota; all that part of Wisconsin
not included
in district No. 7, and all that part of
Michigan not
included in district No. 7.

CHANGES - Jan. 1, 1917 - 25 followin
L; counties in Wisconsin transferred to
7th District:
Adams
Green Lake
Marathon
Portage
Brown
Jackson
Marinette
Shawano
Calumet
Juneau
Marquette
She
boygan
Clark
Kewaunee
Monroe
Wau
pac
a
Door
Langlade
Oconto
Wau
sha
ra
Fond du Lac
Manitowoc
Outagamie
Winnebago
Wood
TERRITORY DEC, 31, 1929 Michigan (northernpart)
Counties ofAlger
Dickinson
Keweenaw
Menominee
Baraga
Gogebic
Luce
Ont
onagon
Chippewa
Houghton
Mackinac
Schoolcraft
Delta
Iron
Marquette
Minnesota
Montana
North Dakota
South Dakota
Wisconsin (northern part)
Counties ofAshland
Dunn
Oneida
Sawyer
Barron
Eau Claire
Pepin
Taylor
Bayfield
Florence
Pierce
Trempealeau
Buffalo
Forest
Polk
Vilas
Burnett
Iron
Price
Was
hburn
Chippewa
La Crosse
Rusk
Douglas
Lincoln
St. Croix

DISTRICT NO, 10
ORIGINAL TERRITORY - The
States of Kansas, Nebraska, Colo
rado and Wyomin
g,
all that part of Missouri not
included in district No. 8;
all that part of Oklahoma north
of a line forming the
nouthern boundary of the follow
ing counties: Ellis,
Dewey, Blaine, Canadian, Clevel
and, Pottawatomie,
Seminole, Okfuskee, McIntosh,
Muskogee, and Sequoyah; and
all that part of New 1:exico nor
th of a line forming the
southern boundary of the follow
ing counties: McKinley,
Sandoval, Santa Fe, San Miguel,
and Union.

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Federal Reserve Bank of St. Louis

• _

41/ Ill

•

st.64g9

CHANGES - July 1, 1915 - 26 following counties in Oklahoma transferred from
District No. 11:
Beckham
Grady
Kiowa
Pittsburg
Caddo
Greer
Latimer
Pontotoc
Carter
Harmon
Le Flore
Roger Mills
Comanche
Haskell
Love
Stephens
Cotton
McClain
Hughes
Tillman
Custer
Murray
Jackson
Washita
Garvin
Jefferson
April 15, 1926 - Bernalillo and Valencia counties, New Mexico,
transferred from District No. 11.
TERRITORY DEC. 31, 1929 Colorado
Kansas
Missouri (western part)
Counties of
Andrew
Cass
Atchison
Clay
Barton
Clinton
Bates
De Kalb
Buchanan
Gentry
Nebraska
New Mexico (northern part)
Counties of Bernalillo
Mora
Colfax
Rio Axriba
Harding*
Sandoval
McKinley
Oklahoma (northwestern part)
Counties of
Adair
Dewey
Alfalfa
Ellis
Beaver
Garfield
Beckham
Garvin
Blaine
Grady
Caddo
Grant
Canadian
Greer
Carter
Harmon
Cherokee
Harper
Cimarron
Haskell
Cleveland
Hughes
Comanche
Jackson
Cotton
Jefferson
Craig
Kay
Creek
Kingfisher
Custer
Kiowa
Delaware
Latimer
Wyoming

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Federal Reserve Bank of St. Louis

Holt
Jackson
Jasper
McDonald
Newton

Nodaway
Platte
Vernon
Worth

San Juan
San Miguel
Santa Fe

Taos
Union
.
Valencia

La Flore
Lincoln
Logan
Love
McClain
HcIntosh
Major
Mayes
Murray
Muskogee
Noble
Nowata
Okfuskee
Oklahoma
Okmulgee
Osage
Ottawa

Pawnee
Payne
Pittsburg
Pontotoc
Pottawatomie
Roger Mills
Rogers
Seminole
Sequnyah
Stephens
Texas
Tillman
Tulsa
Wagoner
Washington
Washita
Woods
Woodward

*Created in 1921, previously part of Mora and Union
counties.

•

11 -

411

St. 64g9

DISTRICT 0. 11

ORIGINAL TERRITORY - The State of Texas; all that
Dart of New i:exico not included in District No. 10; all that part of
Oklahoma
not included in District No. 10; all that part
of
Louisiana not included in District No. 6; and
the
following counties in the State of Arizona:
Pima,
Graham, Greenlee, Cochise, and Santa Cruz
.
CHANGES - JULY 1, 1915 - 26 following counties
in Oklahoma transferred to
District No. 10:
Beckham
Grady
Kiowa
Pittsburg
Caddo
Greer
Latimer
Pontotoc
Carter
Harmon
Le Flore
Roger Mills
Comanche
Haskell
Love
Stephens
Cotton
Hughes
McClain
Tillman
Custer
Jackson
Murray
Wachita
Garvin
Jefferson
April 1, 1916 - 16 following counties in Loui
siana transferred to
District 6:
Acadia
Calcasieu
Jefferson Davis St. Martin
Allen
Cameron
Lafayette
St. Mary
Avoyelles
Evangeline
Rapides
Vermillion
Beauregard
Iberia
St. Landry
Vernon
April 15, 1926 - Bernalillo and Valencia
counties, New Mexico
transferred to district No. 10.
TERRITORY DEC. 31, 1929 Arizona (southeastern part)
Counties ofCochise
Greenlee
Graham
Louisiana (northern part)
Parishes ofEienville
De Soto
Bossier
East Carroll
Caddo
Franklin
Caldwell
Grant
Catahoula
Jackson
Claiborne
La Salle
Concordia
Lincoln
New Mexico (southern part)
Counties ofCatron
Eddy
Chaves
Grant
Curry
Guadalupe
De Baca
Hidalgo
Dona Ana
Lea
Oklahoma (southeastern Dart)
Counties ofAtoka
Choctaw
Bryan
Coal
Texas

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Federal Reserve Bank of St. Louis

Pima

Santa Cruz

Madison
Morehouse
Natchitoches
Ouachita
Red River
Richland
Sabine

Tensas
Union
Webster
West Carroll
Winn

Lincoln
Luna
Otero
quay
Roosevelt

Sierra
Socorro
Torrence

Johnston
McCurtain

Marshall
Pushmataha

4'•

•

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

•

•
St. 6489

DISTHICT 1]0. 12
aRRITORY - The Stat s of California, Washin,ton
, Oreon,
Nevada, and Ut-,.h, and all that part of
-3.rizona not
included in district No. 11, as
follows:
Lrizoc(northwostern part)
Counti,)s of4ache
naricopa
Navajo
Yava-pai
Coconino
dhave
Pinal
Yuma
Gila
No chc-,nos in territory of 12th District.

•

TERRITORY _:1SSIGIO 4111kR.LITCH:S OF PEDAL RESIRVL
St. 6489a
DISTRICT NO. 2
Buffalo Branch (opened Eay

15, 19191

ORIGINAL TERRITORY - The 10 most westerly counties in New York State, as
follows:
Monroe
Erie
Wyoming
Niagara
Genesee
Livingston
Allegany
Orleans
Cat taraugus
Chautauqua
No changes to December 31, 1929.

DISTRICT NO,

Cincinnati Branch (opened Jan. 10, 1918)
ORIGINAL TERRITORY - That part of Kentucky in Federal reserve district No.
and the following 25 counties in southern Ohio:
Adams
Clinton
Athens
Darke
Brown
Fayette
Butler
Gallia
Clark
Greene
Clermont
Hamilton
No changes to December 31, 1929.

Highland
Jackson
Lawrence
MeiLs
Miami
Montgomery

Pike
Preble
Ross
Scioto
Vinton
Warren
Washington

PittsburAt Branch (opened Apr. 22, 1918)
ORIGINAL TERRITORY - Those portions of the States of
Pennsylvania and
West Virginia included in Federal reserve district No.
No changes to December 31, 1929.

DISTRICT NO. 5
Baltimore Branch (oPened Mar. 1, 1918)
ORIGINAL TERRITORY - Maryland
CHANGES - Sept. 1, 1919, 30 following counties in the
northern :?art of
West Virginia transferred from head office territo
ry:
Barbour
Hardy
Morgan
Roane
Berkeley
Harrison
Nicholas
Taylor
Braxton
Jackson
Pendleton
Tucker
Calhoun
Jefferson
Pleasants
UPshur
Doddridge
Lewis
Preston
Webster
Gilmer
Marion
Randolph
Wirt
Grant
Mineral
Ritchie
Wood
Hampshire
Monongalia
TERRITORY DEC. 31, 1929 - Maryland and above
mentioned 30 counties in
northern part of West Virginia,

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

•
•

•
•
-

St. 6489a

Charlotte Branch (opened Dec. 1,
1927)
ORIGINAL TERRITORY - The followin;
z counties in the western part of the
States of North Carolina and South
Carolina:
North Carolina
Alexander
Alleghany
Ashe
Avery
Buncombe
Burke
Cabarrus
Caldwell
Catawba

Cherokee
Clay
Cleveland
Gaston
Graham
Haywood
Henderson
Iredell
Jackson

Lincoln
Macon
Madison
McDowell
Mecklenburg
Mitchell
Polk
Rowan

Rutherford
Stanly
Swain
Transylvania
Union
Watauga
Wilkes
Yancey

South Carolina
Abbeville
Aiken
Anderson
Cherokee
Chester
Edgefield

Fairfield
Greenville
Greenwood
Lancaster
Laurens

Lexington
McCormick
Newberry
Oconee
Pickens

Richland
Saluda
Spartanburg
Union
York

No changes to December 31, 1929.
DISTRICT NO,

Birmingham Branch (opened Au. 1, 1918
)
ORIGINAL TERRITORY - State of Alabama
except Mobile and Baldwin counties, also
except that part of the state south
and west of the
Atlanta and West Point railroad
and the Western Railway
of Alabama between the Georgia stat
e line and Montgomery
and the Louisville and Nashville railroad
between
Montgomery and the Baldwin county line
and towns and
cities located on the above .nentioned
railroads.
CHANGES - April 1, 1922 - All of Montgome
ry county (previously partly in
head office territory) attached to bran
ch.
Oct. 10, 1922 - Bullock and Cren
shaw counties and parts of Macon,
Montgomery, Lowndes, Butler, Conecuh,
and Escambia counties
previously in head office territory
transferred to branch.
TERRITORY DEC. 31, 1929 - The State
of Alabama except the following coun
ties:Mobile, Baldwin, Russell, Pike, Barb
our, Coffee, Dale, Henry,
Covington, Geneva and Houston, and
towns and cities in Lee and
Chambers counties located on or
south of the Atlanta and West Point
railroad and the Western Railway of
Alabama.

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

411 411

3 -

•.
Jacksonville Branch (opened Aug. 5, 1918)

•

St. 6489a

ORIGINAL TERRITORY - Florida
No chanes to December 31, 1929.

Nashville Branch (opened Oct. 21, 1919)
ORIGINAL TERRITORY - That part of the State of Tennessee included
in Federal
reserve district No. 6 with the exception of the city
of Chattanooga.
No changes to December 31, 1929.
New Orleans Branch (opened Sent. 10, 1915)
ORIGINAL TERRITORY - Those parts of the States of Louisiana and Missis
sippi
located in Federal reserve district No. 6 and the
counties of Mobile and Baldwin in Alabama.
CHANGES - December 12, 1919, parts of Sharkey and Yazoo counties,
EississipPi,
(which had been made apart of the newly created county of
Humphreys in 1918) transferred to St. Louis district.

DISTRICT NO. 7
Detroit Branch (opened 1!_rr. 18, 1918)
ORIGINAL TERRITORY - None assigned.
CHANGES - Dec. 31, 1919 - 19 following counties in the easter
n pnrt of the
State of !Uchigan transferred from head office:
Bay
Genesee
Hillsdale
Huron
Ingham

Jackson
Lapeer
Lenewee
Livingston
Macomb

:Onroe
Oakland
Saginaw
Sanilac
St. Clair

Shiwassee
Tuscola
Washtenaw
Wayne

TERRITORY DEC. 31, 1929 - Above mentioned 19
counties.
DISTRICT NO.
Louisville Branch (opened Dec. 3, 1917)
ORIGINAL TERRITORY - All of that part of Kentuc
ky in the St. Louis district
and the fo1lowin6 counties in Southern Indiana:
Clark
Crawford
Dubois
Floyd

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Federal Reserve Bank of St. Louis

Harrison
Jackson
Jefferson

Lawrence
Orange
Perry

Scott
Switzerland
Washington

St. 64g9a,
CHANGES - Jan. 6, 1919, on opening of Little Rock
branch, territory assigned
to branches was no longer determined by stat
e and county lines.
TERRITORY DEC. 31, 1929 - Brownfield, Ill.
, and all cities in Kentucky and
Indiana included in the St. Louis district exce
nt
those assigned to the head office - territory
not
determined by state or count7 lines.
Little Rock Branch (croened Jan,

6, 1919)

ORIGINAL TERRITORY - All cities in Arkansas exce
pt those assigned to head
office or to Memphis branch - territory not
determined by state or county lines.
Memphis Branch (opened Sept. 3, 191g)
ORIGINAL TERRITORY - All of those Parts of :Ass
issi-.):)i and Tennessee (except
Obion county) in the gth district, and the foll
owing
cities in Arkansas; Canden, Cotton Plant,
Forrest City,
Marianna and Marked Tree.
CHANGES - Jan. 6, 1919. On opening of Litt
le Rock branch, territory assigned
to branches was no longer determined by stat
e and county lines.
Due to change in district territory: Parts
of Sharkey and Yazoo
counties, Mississippi, (which had been made
a part of the newly
created county of Humphreys in I91g) transfer
red from the Atlanta
district Dec. 12, 1919.
TERRITORY DEC. 31, 1929 - All cities
in Mississippi included in gth district;
all cities in Tennessee included in gth dist
rict, except Paris,
Rives and Union City (assigned to head
office); and cities in
Arkansas not assigned to Little Rock
branch or to head office territory not determined by st?.te or coun
ty lines.
DISTRICTI NO. 9

Helena Branch (opened Feb. 1, 1921)
ORIGINAL TERRITORY - Montana
No changes to December 31, 1929

DISTRICT NO. 10
Denver Branch (opened Jan. 14, 1918
)
ORIGINAL ThIRRITORY - Colorado and
that part of New Mexico included
in
District No, 10
CHANGES - April 15, 1926, Bernalillo
and Valencia counties, New Mexico,
transferred from Dallas
district.

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

41/ Ill

IIM 410

— 5—

St.6489a

7ERRIT0RY DEC. 31, 1929 - Colorado and that part of New Mexico included in
the 10th district as follows:
Counties ofBernalillo
Mora
San Juan
Taos
Colfax
Rio Arriba
San Miguel
Unicn
Harding*
Sandoval
Santa Fe
Valencia
McKinley
*Orgailized in 1921 from territory previously a part of Union and Mora
councies.
Oklahoma City Branch (opened Au. 2, 1920)
ORIGINAL TERRITORY - That .. ?art of Oklahoma in the 10th district
No chanues to December 31, 1929
Omaha Branch (opened

so,-)t, 4, 1917)

ORIGINAL TERRITORY - Nebraska
CHANGES - Oct. 1, 1917, Wyoming transferred from head office
TERRITORY DEC. 31, 1929 - Nebraska and Wyoming
DISTRICT NO. 11
El Paso Branch (opened June 17, 1918)
ORIGINAL TERRITORY - Those parts of Arizona and New Mexico locate in the
d
11th
district and the following lE counties in western Texas:
Andrews
Brewster
Crane
Culberson
Ector

El Paso
Hudspeth
Jeff Davis
Loving
Martin

Midland
Pecos
Presidio
Reeves

Terrell
Val Verde
Ward
Winkler

CHANGES - Oct. 1, 1919, Val Verde County, Texas, transferred to
head office
territory.
April 15, 1926, Bernalillo and Valencia counties, New Mexico,
transferred to 10th district.
July 5, 1927, (date of opening of San Antonio branch) Brewster,
Presidio and Terrell counties transferred to San Antonio
branch.
TERRITORY DEC. 31, 1929 - That part of the states of Arizon
a and New Mexico
located in the 11th district and the following 14 counti
es in the
state of Texas:
Andrews
Crane
Culberson
Ector

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

El Paso
Hudspeth
Jeff Davis
Loving

Martin
Midland
Pecos
Reaves

Ward
Winkler

•
•

•

110

St. 6469a

Houston Branch (opened Aug. 4, 1919)
ORIGINAL TERRITORY - Following
Anderson
Angelina
Aransas
Austin
Bastrop
Bee
Brazoria
Brazos
Burleson
Caldwell
Calhoun
Cameron
Chambers
Cherokee

counties in southeast part of Texas:

Colorado
De Witt
Fayette
Fort Bend
Galveston
Goliad
Gonzales
Grimes
Hardin
Harris
Hilalgo
Houston
Jackson
Jasper

Jefferson
Jim Wells
Karnes
Kleburg
Lavaca
Lee
Liberty
Live Oak
Madison
Matagorda
Montgomery
aacogdoches
Newton
Nueces

Orange
Polk
Refugio
San Jacinto
San Patricio
Trinity
Tyler
Victoria
Walker
Waller
Washington
Wharton
Willacy

CHANGES - May 1, 1920, Kenedy and Starr counties, Texas, transferred from
head office.
Dec. 10, 1920, Brooks county, Texas, transferred from head office.
July 5, 1927, (date of opening of San Antonio branch) following 21
counties transferred to San Antonio branch:
AranSas
Bee
Brooks
Caldwell
Calhoun
Cameron

De Witt
Goliad
Gonzales
Hidalgo
Jim Wells

Karnes
Kenedy
Kleburg
Live Oak
Nueces

Refugio
San Patricio
Starr
Victoria
Willacy

Dec. 10, 1927, Sabine, San Augustine and Shelby counties, Texas,
transferred from head office territory.
Feb. 10, 1928, Victoria county, Texas, transferred from San Antonio
branch
TERRITORY DEC. 31, 1929 - Following 41 counties in the southea
st part of Texas:
Anderson
Angelina
Austin
Bastrop
Brazoria
Brazos
Burleson
Chambers
Cherokee
Colorado
Fayette

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

Fort Bend
Galveston
Grimes
Hardin
Harris
Houston
Jackson
Jasper
Jefferson
Lavaca

Lee
Liberty
Madison
Matagorda
Montgomery
Nacogdoches
Newton
Orange
Polk
Sabine

San Augustine
San Jacinto
Shelb7
Trinity
Tyler
Victoria
Walker
Waller
Washington
Wharton

•
•

•

III 41,

St. 04g9a

San Antonio Branch (opened July 5, 1927)
ORIGINAL TERRITORY - The following 55 counties in southern and southweste
rn
part of Texas:
Aransas
Atascosa
Bandera
Bee
Bexar
Blanco
Brewster
Brooks
Caldwell
Calhoun
Cameron
Comal
De Witt
Dimmitt

Duval
Eftwards
Frio
Gillespie
Goliad
Gonzales
Guadalupe
Hays
Hidalgo
Jim Hogg
Jim Wells
Karnes
Kenedy
Kendall

Kerr
Kimble
Kinney
Kleburg
La Salle
Llano
Live Oak
Mason
Maverick
McMullen
Medina
Nueces
Presidio
Real

Refugio
San .7'tricio
Starr
Terrell
Travis
Uvalde
Val Verde
Victoria
Webb
Willacy
Wilson
Zapata
Zavalla

CHANGES - Feb. 10, 1928, Victoria county, Texas, transferred
to Houston branch,
TERRITORY DEC. 31, 1929 - 54 counties in Texas as enume
rated above, omitting
Victoria.

DISTRICT NO. 12
Los Angeles Branch (opened Jan. 2, 1920)
aRIGINAL TERRITORY - That part of the State of Arizo
na located in Federal
reserve district No. 12, and the following count
ies
in southern Dart of California:
Imperial
Inzro
Los Angeles

Orange
Riverside

San Bernardino
San Diego

Santa Barbara
Ventura

No changes to December 31, 1929.

Portland Branch (opened Oct. 1, 1917)
ORIGINAL TERRITORY - Oregon
CHANGES - Jan. 1, 1919, town of Vanco
uver transferred from Seattle branch.
Jan. 1, 1920, towns of Klamath Falls Lake
,
View and Merrill, Oregon,
transferred t‘ head office and counties
of Clarke, Cowlitz,
Skamania and Wahkiakum, Washington,
transferred from Seattle
Branch and Klickitat County, Washington
, from Spokane branch.
Sept.13, 1324, town of Ilwaco, Washi
ngton, transferred from Seattle
branch.

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

••

S.
-

St. 6489a

TERRITORY DEC. 31, 1929 - The enti
re State of Oregon, exceyt the town
s of
Klamath Falls, Lakeview, and errill,
which are affiliated with
the head office, and the followin6 five
counties in southeastern
part of the State of Washington:
Clarke
Klickitat
Colwitz
and the town of Ilwaco, Wash.

Skamania

Wahkiakum

Salt Lake City Branch (opened A)r. 1, 191
8)
ORIGINAL TERRITORY - The enti
re State of Utah and the followint;
counties
in the northern .part of Idaho and east
ern Nevada:
Ada
Adams.
Bannock
Bear Lake
Bingham
Blaine
Boise
Bonneville
Butte

Camas
Canyon
Caribou (1)
Cassia
Clark (2)
Custer
Elmore
Franklin
Fremont

Gem
Gooding
Jefferson
Jerome (3)
Lemhi
Lincoln
Madison
Minidoka

Oneida
Owyhee
Payette
Power
Teton
Twin Falls
Valley
Washington

Lincoln

White Pine

Nevada
Clark

Elko

No changes to Dec. 31, 1929
(1) Organized in 1919 from
part of Bannock.
II
It
(2)
II
It Fremont
"
I,
II
(3)
parts of Gooding, Lincoln and
Yinidoka.
Seattle Branch (opened Sept. 19,
1917)
ORIGINAL TERRITORY - 19 followin
g counties in Western part of the
State
of Washington:
Clallam
Clarke
Cowlitz
Grays Harbor
Island

Jefferson
King
Kitsap
Lewis
Mason

Pacific
Pierce
San Juan
Skagit
Skaminia

Snohomish
Thurston
Wahkiakum
Whatcom

CHANGES - Oct. 30, 1917, Kitt
itas county transferred from S.?o
kane territory,
accounts of member banks transfer
red Nov. 2 to Nov. 9.
Jan. 1, 1919, town of Vancouve
r transferred to Portland branch.
Jan. 1, 1920, Clarke, Cowlitz,
Skaminia and Wahkiakum coun
ties
transferred to Portland territor
y.
Sept. 13, 1924, town of Ilwaco
transferred to Portland territor
y.

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

•.

St. 64g9a,

- 9 -

4E1RRITORY DEC. 31, 1929 - The following 16 counties in the western pert of
the State of Washington, except the tom of Ilwaco, WEsh.:
Clallam
Kin
KitsaD
Grays Harbor
Kittitas
Island
Jefferson
Lewis
(1) Except the town of Ilwaco.

Mason
Pacific(1)
Pierce
San Juan

Skagit
Snohomish
Thurston
Whatcom

Spokane Branch (opened July 26, 1917)
ORIGINAL TERRITORY - 20 counties in eastern Washington and 10 counties
in northern Idaho as follows:
Washington
Adams
Asotin
Benton
Chelan
Columbia

Douglas
Ferry
Franklin
Garfield
Grant

Kittitas
Klicitat
Lincoln
Okanogan
Pend Oreille

Spokane
Stevens
Walla Walla
Whitman
Yakima

Latah
Lewis

Nez Perce
Shoshone

Idaho
Benewah
Bonner
Boundary

Clearwater
Idaho
Kootenai

CHANGES - Oct. 30, 1917, Kittitas county, Washington, transferred to
Seattle territory - accounts of member banks transferred
Nov. 2 to Nov. 9.
Jan. 1, 1920, Klicitat county, Washington, transferred to
Portland territory.
TERRITORY DEC. 31, 1929 - Same as original territory omitting Kittitas
and Klicitat counties, Washington.

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

•

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4z,636
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415- 3
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Federal Reserve Bank of St. Louis

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Federal Reserve Bank of St. Louis

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Federal Reserve Bank of St. Louis

RDs-

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Aril 7,1930.

1.1r. R. 4_,I;ndenvood, ttthtioiar1,
getkir-14741;31z.131 ':)otinci 1,
Otatler
r.oston, ;as.
Dear
7teferrin',.; to your letter of 1:a1.lh Lgitb,
and to 3enate ;.locument 485 rentioned therein,
file of exhibits aid y.-ersorartla pri.0.-3e-.te,; at ti.T.o
ins's beforc the -..-.esorve l'.unk Or Anizatiori ;ortiittoo
and listed or na.:e
tbe above lo.,:tirent, is
found hero in a cm:I:plot° ...;olicotion.
Jo
however, which are intiet.•,:i on pa ..,es 375 to 379 were
for
with a lette:c of transmittal, d,:.ted April
29,191.4, to the Irestient or tiv ..AiriLite in 2es-2,- orse
to its rosolution requestin.; tbat all 1-,riefs wii
written ar ;rents !. -. ade by various ities
ej to tixit .L0(1,7.
Althou.:;h *Li e letter o: transmittal
sore oi: this material was printed L,f t
erate as.
314T:era ,..k85, tt;(3
Da.....AS of tdre Iiritten tcsti
seors never to hale been printeA, tsLi all.ef o.ets
to o; tam n the on. thai raterial at the ;apitol, from
.orate joainent (.)c:or74 tie csiate Bankin,; and ;lirren,v ;orrnittoe ant the lieric of the i
. onte, have
proved fraitloss. •
In re..:z.ird to tile Los ton
ti,erezo re,
t t whiob jou find irliexed onpaae 381 o the doeurf.nt
to is all Vic t is available bore.
iiie those are letters, tele.;r1g -..s
Bh rutter in
tielr ori.;inal form, it is very doubtful that duplicate
r,
- aterial ..:an be 'ound in i,oston or elsewhere.
lory truly your
Oftaiitcluai

c..:1.11toaci.

Assistant L,ecretar...

'301

Form No* 131.

ffiCe Corresponteke

FEDERAL RESERVE
BOARD

April 3,1930

To
From

Liss Rackstraw

•s
Date

Subject:

Jr.cClelland
•

Referring to or telephone conversation, please prepare, for my
signature, a reply to the attached letter from the Statistician of
the New England Council at Boston, regarding material filed with the
Reserve Bank Organization Committee.
What I would like particularly to do is to identify the data
filed in the Library. I believe this is the list of exhibits mentioned on Page 374 of the attached Senate Document 185. It is my
judgment that the stenographic reports of hearings, index of which
begins on Page 375, and the exhi)its and papers indexed on Page 331
were all transmitted to the President of the Senate, although the
Organization Committee's letter of April 29, 1914 does not make this
clear. I believe we are safe in making such a statement in the
letter, adding, however, that the material filed with the 'resident
of the Senate is not accessible.

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

3-84,94

•
Form No. 131

Ofifice Corresportete
To

MoClelland•

FEDERAL RESERVE
BOARD

•
Date_Apri12,_ 1930.

Subject:__

From
2-84)5

I have made search for the transcript of the testimony
taken by the i;.eserve Bank Organization Comrittee at its hearings
in various cities of the United States early in 1914, in connection with the location of reserve districts in the United States,
and am convinced that it was forwarded to he President of the
Senate with letter of the Committee dated April 29, 1914, in response to a resolution of the Jenate requesting that all briefs
and written arguments made by various cities be forwarded to that
The letter or transmittal and some of the briefs filed
bildy.
were ordered printed by the Senate, and is Senate Document No. 485
of the 63d Congress, Second Session. As a part of this document
is printed an "index of witnesses at hearings held by Reserve Bank
Organization Cmillittee," showinc that there were some 4600 pages
of typewritten testimony, accompanied by the exhibits and papers
filed by the various witnesses, none of which appears to have been
printed.
I have endeavored to locate the material in the Capitol
but without success. I first called at the Senate document room,
and was informed that it should be with the Finance Committee of
the Senate. The Clerk of that Committee informed me that it should
be with the Committee on Bankine; and Currency. The Clerk of that
Committee informed me that at the end of each session all such material is sent to the elerk of the Senate. Upon inquiry in the
office of the Clerk of the :3enate a file clerk was instructed to
make search for the material, he stated before starting out that
he doubted if it could be found, as lots of such old papers had
never been assorted and filed in such a way as to be ready of access.
I vent with him and found such to be the case. Very little of the
material relating to the 63d Congress could be found, and in some of
the rooms large quantities of material were dumped on the floor in
a general mass and so covered with dust that if they are labelled at
all the labels cannot be read without removing the dust. This clerk
stated that he is now engaged in bringing order out of this chaos,
which he states will probably take several months. He made a memorandum of the matter and said that he would keep a look out for the material and if found mould let us knam.

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

4
4

•
Office Correspondence

Form TiVo. 131.

To
_nom

le llan

FEDERAL RESERVE
BOARD

•
rhge___7Thr,-.1-1 27 19'30
„

Subject:

1.1ss
2.--s496

The collection of exhibits referred to in the attached letter
were exhilits submitted to the Lieserve Bank Oranization 'Committee
by cities who were making claim as a site for a Fedciral reserve
Lank.
The exhibits comprise resolutions, telegrams, charts and
statistical data from each city mak.in:; appeal.
This material was first filed with the Jommittee and later
stored in packin3 boxes, but since 1926 it has been sorted and
arranged in the library so that it is now easily available.
I doubt whether this material is duplicate0 in 7)oston or in
any other of the cities presenting argaments at the tire of the
hearings. .je have, unfortunately, only the exhibits submitted at
the hearinqs_4and not the report of the hearings themselves other
finally printed as senate Document 485 The Committe:'
than whiciftVas
4
Statement Relative to its Decision and the 2aTort of the Vote on
.aties (House Docurent 1134).

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

I '
Maine
2. MERRILL, Portland
sce-•Pres. and Slate Chairman
GUY P. GANNETT
EDWARD M. GRAHAM
JOHN W. LELAND
W.SCOTT LIBBEY
HENRY G. LUMBARD
WALTER N. MINER
WILLIAM S. NUTTER
HIRAM W.RICKER
CLARENCE C. STETSON
JOSEPH A. WARREN
WALTER S. WYMAN
Slate Sec'y, A. L. T. CUMMINGS

•

•
Presid.
REDFIELD PROCTOR
Secretary
ARTHUR L. ALDRED

111
,
NEC

OP•• reoN
%M U

NEW ENGLANP

V) <<s

....
C711
.„7.,

\\
4
- -A."-*/„„ ,A

State Chamber of Commerce
Portland

New Hampshire
MILAN A. DICKINSON, Keene
Vice-Pres. and State Chairman
WILLIAM A.BARRON
THOMAS P. CHENEY

Treasurer
JOHN S. LAWRENCE
Executive Vice-President
DUDLEY HARMON

STATLER

EXECUTIVE OFFICES\ 4..,(...v ,,,. _...-.t*:•.....,) i
'-i..1.>,'
.............-..,
‘.(1 ,
BUILDING . BOSTO/sr;-: MASS.:
,*/
, , .....•

TELEPHONE : HANCOCK 9710-9711-9712

JAMES C. FARMER
ERNEST M. HOPKINS
EDWARD M.LEWIS
RALPH L. MORGAN
FRANCIS P. MURPHY
GEORGE A. RICHTER
RICHARD W.SULLOWAY
JOHN G. WINANT
GEORGE A. WOOD

State Seey, DONALD D. TUTTLE
2 Park St., Concord

Vermont
LEVI P. SMITH, Burlington

Vice-Pres. and State Chairman
Lams S. BRIGHAM
E. S. FRENCH
OLIN D. GAY
E. H.JONES

Larch 24, 1930

EARLE S. KINSLEY
FRANK E. LANGLEY
O. D. MATHEWSON
HOWARD C. RICE

J. T. SMITH
ERNEST H. WEST
L. F. WILLsoN

i.ederal Reserve Board Organization Commi4 tee
ashington, D. C.

State Sec'y, IL F. FRENCH
Vermont Service Bureau
State House, Montpelier

Gentlemen:

Massachusetts
H.PAYNE, Greenfield
Vice-Pres. and State Chairman

FREDERICK

ROBERT E. BARRETT
JOSHUA L. BROOKS
BRADBURY CUSIIING
VICTOR M. CUTTER
GERRIT FORT
ARTHUR W. GILBERT
ROBERT M.LEACH
ALBERT N. MURRAY
JOSEPH A. PARKS
JOHN F. TINSLEY
W. A. WHITTLESEY

State Sec'y, R. W. DOWDOIN
Statler Bldg., Boston

Rhode Island
HENRY D.SHARPE, Providence
Vice-Pres. and Slate Chairman
ARTHUR L. ALDRED
JOHN C. COSSEBOOM
GEORGE L. CROOKER
EDWARD P. GOSLING
ARTHUR INGRAHAM
HARRY R. LEWIS
WILLIAM MCGREGOR
THOMAS L. PIERCE
WILBUR L. RICE
FRANK A. SULLIVAN
PHILIP C. WENTWORTH

In Senate Document j485 whi,
.h is a report of
the Organization Committee to Congress dealing
with the location of Federal Reserve Astricts
in the United States, there is reference made
to a file of exhibits resulting from he!trings
before the Committee in various sections of
the country.
'here would it be possible to see the collection
of exhibits relating to the establishments of
Federal ;teserve District 41 and particularly
reports of the remarks of witnesses before the
hearing in Boston, January 9 and 10, 19143
there copies of this material available for
examination in Boston or would it be necessary
to come to Uvashington to examine it?
oincerely yours,

State Sec'y, RICHARD 13. WATROUS
P. 0. Box 1337, Providence

Connecticut
HENRY TRUMBULL, Plainville

Vice-Pres. and State Chairman
STANLEY H. BULLARD
JOHN B. BYRNE
BENJAMIN CAMPBELL
C. L. CAMPBELL

E.0. Goss
E. KENT HUBBARD
HARRY C. KNIGHT
F. D. LAYTON
WILSON II. LEE
ELIJAH ROGERS
WILLARD B. ROGERS

Slate Sec'y, P. L. GERETY
4 Elizabeth St., Derby

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

Statistician

E .mi 4,1,
",
4;r171
/77
)1 c)
1,. . / RI
%•••••

vz.

r/7
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http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

•\
•

December 22, 1928.

The Honorable,
The Attorney General,
Washington, D. C.

SIR:
In accordance with the request contained in your
letter of December 20, 1928 (ORD-WHR 29-11-8) there is enclosed herewith a certified copy of the original order of
the Reserve Bank Organization Committee determining the Federal Reserve Districts and the localion of the :Federal reserve banks. Pursuant to statute this order was filed with
the Comptroller of the Currency and therefore the certification is by the Comptroller of the Currency.
Respectfully,

r-d44.41 74-44/
Vice
T,tclosure.

MY sad

Edmund Platt
Governor.

0•

•
•

•
ADDRESS REPLY TO
THE ATTORNEY GENERAL'
.
AND REFER TO
INITIALS AND NUMBER

DEPARTMENT OF JUSTICE

WASHINGTON, D. C.

29-11-8December 20, 1928.

The Governor,
The Federal Reserve
Sir:

instant
of your
copy of
Federal

ConfirminL telep/one conversation of the 19th
between Mr. Ramsey of this Department and Mr. Eddy
Board, I desire to request a certified photostat
the original order dividing the United states into
Reserve districts.

(
This copy is required for use in evidence in the
case of United States v. Sullivan et al., pending in the
United States District Court for the Northern District of
California.

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

Respectfully,
For the At

ey General,

TG,
Assistant Attorney General

21'
•1 11

411

STRZFiT ADDREIPOF EACH FEDERAL RESERVE BAlvK 112. BRANCH

1 30 Pearl Street
Boston
New York
3!' 33 Liberty Street
,z770.7(2 -Q.40 Main St.,
Buffalo
Philadelphia
925 Chestnut St.
Cleveland
East Sixth and Superior Ave.
Cincinnati
Fourth and Race Sts.P
Pittsburh
Liberty Avenue and Anderson St.
Richmond
Ninth and Franklin Sts.`"Baltimore
Calvert & Lexington Sts.
Charlotte
First National Bank Building
Atlanta
104 Marietta St.
Birmingham
18th St. & Fifth Ave. V
'43)
Jacksonville
Church & Hogan Sts.
228 Third Ave., North
Nashville
,
Carondelet and Common Sts.11
New Orleans
Citizens and Southern Bank Building
Savannah Agency
Pr,e-s-identa--Zaya-s—St. -&-Per-fecto Lacoste^
Havanna Agency
Chicago
236
- 4haSalle St.
12.8-*w-Gongress St. /6 0 4, t 4 4,ove,,1
Detroit
411 Locust St.
St. Louis
Third and Louisiana Sts.
Little Rock
Louisville
Fifth and Market Sts,
MattrTTE-Afe.--an&-Third:
Memphis
Minneapolis
Edwards and Park Sts.
Helena
Tenth and Grand Ave. Y/
Kansas City
17th, and Arapahoe Sts.
Denver
226 West Third St. PP
Oklahoma City
1701-5 Dodge St.
Omaha
Wood and Akard Sts. v
Dallas -351 Myrtle
El Paso Ave."
1/7
Texas Ave. and Caroline St.
Houston Aelislaxtvap Goeplam. and Viltta Sts
San Antonio
Sansome and Sacramento Sts. fr*San Francisco
4
3r€1.--and-Sprlitg....Str,417ashiagton_Bldg.) OT' 4- (1211:4'
Los Angeles
6th and Oak Sts. (Porter Building)
Portland
til-TepIe-&-- State- Ste.
Salt Lake City
Second Avenue and Spring St.
Seattle
Post St. and Main Ave. (Auditorium Building)
Spokane

(1,9A;"1

NOVEMBER 10, 1928.

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

),/i4,1,417-A

•
•
October 19, 1928.

rorm No. 131.

Office Correspoillace
To __ Mr _Baker
From

Mr. Horbett

FEDERAL RESERVE
BOARD

Date

Subject:_
/

.;•••

1 -41.14:
2--8406
•PO

I am returning herewith the batter dated November 10, 1927, from
the Assistant Federal reserve agent at San Francisco, regarding the Solano,
California, branch of the Security Bank and Trust Company of Bakersfield.
I mm also handing you herewith a letter we received from Mr. Sargent
under date of October 8, regarding certain apparent discrenancies in our branch
bank record as of June 30, 1928. You Will note that in the last paragraph
Mr. Sargent states that they are going to revise their loose-leaf record of
branch banking and asks whether the Board desires a copy of the retyped record.
This is the record that you maintain and I aseume that you will wish to answer
the letter and request a copy of the retyped record. If not, however, we shall
ask San Francisco to send a copy of the retyped record to us.

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

f
atone. \
Kindly return Mr. Sargent's letter of October 8 -------------:
1/\,-..slon of Esank Opel-

File No........_____...

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

.........-.....a..........
..........•.............om.4..................'"-........e•••

'
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.
i°i022 of 7,

November 12, 1926.
Mr. Baker, Tixamination Division

Mr. Horbott

In res7)onse to your telehone request there are Shown below,
as of June 30, 1926, the street addresses and dates of establishment
of the branches of the Grand Rapids Savings Bank, Grand Rapids, Mich,
All of the branches are located in Grand Rapids. You will note that
the information is not shown for the last three branches, not being
available in our offices. aile the data have not been verified by
the Federal reserve agent at Chicago, the total number of branches
agrees with the June 30 condition reports, form 105.

Add7esses
1. Granville Ave. and Cordelia St.
2. Granville Ave. & B St.
3. W. Leonard & Alpine Ave.
4, W. Leonard & Turner Ave.
5. Monroe Ave. near Mich. Ave.
6. E. Fulton St. & Diamond Ave.
7. Madison Square & Hall St.
8. Wealthy St. &Lake Drive
9. Bridge Lexington & Stocking Sts.
10. Bridge St. & Mt. Vernon Ave.
11. Division Ave. & Frraklin St.
12. Eastern Ave. a Franklin St.
13.
14.
15

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

Date established
Jan. 16, 1917
Jan. 16, 1917
Puz. 2, 1913
Sept. 17, 1921
Oct. 21, 1914
Jan. 1, 1913
May
1912
Oct. 10, 1913
Dec. 17, 1919
Aug. 6, 1921
Aug. 15, 1921
July 1, 1922

•

O
FEDERAL
ColF

SERVE BANK
TJLAIIIKAC_AL_

OFFICE OF

GrovETerron_

4.1 1v2.)

June 9th, 1925.

Er. Yi.L. Eddy,
Secretary,
Federal Reserve Board,
:
1 lashinston, D.C.
Dear Er. Eddy:-

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

May I refer you to letters Yhich I wrote you on
May 1st and hay 9th, requesting that you furnish me with a
f the report of the Reserve Bank Cr.ani'
oj
e=c?
ommt-ste
n-deals with the reasons which led t
Mionfet
the
of
the decision to establish the Federal Reserve Bank
Sixth District in Atlanta ?
As I suggested in my letter of 1ay 9th, if the
section referred to is of such length that it would be a laborious task to have it copied on the typewriter and sent to me,
I do dot want you to be put to that incoxrenience. If this
is the situation, may I avail myself of the offer you made in
your letter of May 6th to loan me the Federal Reserve Board's
copy ?
I could then have the desired information copied here.
RegrettinF the necessity for troubling you further
in this matter, and assuring you of my appreciation, I am

Very truly yours:

E..B. Wellborn,
Governor.

oy••••r..,•,,,,
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FEDERAL RESERVE BANK
-)1? _Alr1G-ANICAL_
(
FICE OF

OVE FLI•T()

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

Ir. W.L. Eddy,
Secretary,
Federal Reserve Board,
Washington, D.C.
Dear

Eddy:-

I have your letter of the 6th, from which I
only copy of the Report of the Reserve Bank
the
that
note
of which you have knowledge is
Committee
n
Organizatio
files of the Federal Reserve
the
of
part
that forming a
Board.
All that I wished was to furnish a friend of
mine with that portion of the report containing the deliberations relative to the choice of Atlanta as headquarters
for the Federal Reserve Bank of the Sixth District. If
this section is not too lengthy, I would very much appreciate your having typed for me that portion of the report,
which you could have done and sent to me at your leisure
as there is no particular hurry. If the task is severe
awing to the length of the section referred to, please
trouble no more about it.
Assuring you of my appreciation of your courconnection, I am
this
in
tesy

Very truly yours,

MA-42,e,C07„,__
L.B. Wellborn,
Governor.

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

30 /
May 6,, 1925

Dear Governor Wellborn:
Replyini; to your letter of the 1st instant, I would state thnt the report of the Reserve
Bank Organization Committee was rublished in 1914
as a Senate Document, identified as No. 485.
No
copies of this document are obtainable from the
Superintendent of Documents and the only copy I know
of is the one w1Ach forms a port of the records of
th:) Foderal Reserve Board.
If y•)11 are merely desi—
rous of reading the report, I might arrange to loan
you ollr copy.
If this will serve your purpose, let
me hear from you.
Very truly yours,

V3,14ipaed) Walter II k.`,_1(i)
Mater L. Eddy,
Secretary

Mr. n. B. Wellborn, Governor,
Federal Reserve Bank,
Atlanta, Ga.

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FEDERAL RESERVE BANK
()IF -,112-ri,,Aas7r.
OFFICE OF

May 1st

Go-vmmvon_

1925.

'an

kr. V.L. Eddy,
Secretary,
Federal Reserve board,
Washington, D.C.
Dear hr. Eddy:-

You will recall that in the organization of the
Federal Reserve System, the Organization Committee held
bearings all over the country, which resulted in the selection of cities in which to place the present twelve Reserve
Banks.
I would appreciate very much your sending to me
a report of the findings of this CorIT.ittee which resulted
in the establishment of the Federal Reserve Bank of the
Sixth District in Atlanta.
Thanking you for your courtesy in this matter, I
an

Very truly yours,

A/4-,Vila)-04t,„
M.B. Wellborn,
Governor.

.." 44-$23\Te44-€1.1:t. 411--r-4-4,14-txr,

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70 ieLatAirt.
lifeif_

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

.4A
6
44-4.1'

Cl/

- -2-844

. J.
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•
•

410

September 5 1924.

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

.
itY1

lear air:
Complyinc with your request of
aeptember 3rd, there is enclosed herewith
a pace from the .c'ederal Reserve Bulletin
showinc the United 1-Aates divided into the
several Federal Aeserve Districts.
Very truly yours,
—

Walter L. Eddy,
aecretary.
Ur. D. H. Otis, Director,
Acricultural Commission of the
American Bankers Association,
• 522 First National Bank Bldc.,
Madison, Asconsin.
(Enclosure)

OFFICERS
AMVISAN BANKERS ASSOCIATION
PRESIDENT

WALTER W. HEAD. PRESIDENT

Ct.T R
1

ERICA

WILLIAM E. KNOX. PRESIDENT
BOWERY SAVINGS BANK
NEW YORK CITY
SECOND VICE PRESIDENT

OSCAR WELLS. PRESIDENT
FIRST NATIONAL BANK
BIRMINGHAM. ALABAMA

SI IS

H. L. RUSSELL. DEAN

OF THE

OMAHA NATIONAL BANK
OMAHA, NEBRASKA
FIRST VICE PRESIDENT

ADVISORY COUNCIL
AGRICULTURAL COMMISSION

COLLEGE OF AGRICULTURE
UNIVERSITY OF WISCONSIN
MADISON, WISCONSIN

AMMER
CI TI

W. M. JARDINE. PRESIDENT
KANSAS AGRICULTURAL COLLEGE
MANHATTAN. KANSAS

BURTON M. SMITH. CHAIRMAN

D. H. OTIS. DIRECTOR

VIVIAN S. ELVER. ASST. EDITOR

OLIVE A. EBBE

THE BANKER-FARMER

SECRETARY TO DIRECTOR

W. R. DODSON. DEAN
COLLEGE OF AGRICULTURE
LOUISIANA STATE UNIVERSITY
BATON ROUGE. LOUISIANA

EXECUTIVE MANAGER

F. N. SHEPHERD

OFFICE OF THE DIRECTOR
522 FIRST NATIONAL BANK BUILDING
MADISON, WISCONSIN

110 EAST FORTY-SECOND STREET
NEW YORK CITY

TELEPHONE OF DIRECTOR
OFFICE: FAIRCHILD 3477
RESIDENCE: BADGER 3601

September 3, 1924.
AGRICULTURAL COMMISSION
BY

FEDERAL RESERVE DISTRICTS
FIRST

J. T. MANSON. PRESIDENT
FIRST NATIONAL BANK

NEW HAVEN, CONNECTICUT
SECOND

S. G. H. TURNER. PRESIDENT
SECOND NATIONAL BANK

Publisher, Federal Reserve Bulletin
dashington, D. C.

ELM IRA. NEW YORK
THIRD

F. A. ZIMMERMAN, VICE

PRESIDENT
CHAMBERSBURG TRUST COMPANY

Gentlemen:

CHAMBERSBURG, PENNSYLVANIA
FOURTH

R. D. SNEATH, PRESIDENT
COMMERCIAL NATIONAL BANK

TIFFIN, OHIO
FIFTH

J. E. COX, PRESIDENT
COMMERCIAL NATIONAL BANK
HIGH POINT, NORTH CAROLINA
SIXTH

CHARLES B. LEWIS. PRESIDENT
FOURTH NATIONAL BANK

MACON. GEORGIA
SEVENTH

Could you send us a sheet from one of your bulletins containing a map of the United states by Federal Reserve Districts?
de are enclosing a sheet from our publication, The BankerFarmer, and you will notice we carry this map on our last page.
However, the map which is now being used in your bulletin contains more information than the one vvhich we originally used for
the zinc etching. If you could send us a map from one of your
older bulletins like the enclosed copy, vms shall appreciate it
very much and shall be glad to remit for any charges.

BURTON M. SMITH, PRESIDENT
BANK OF NORTH LAKE

NORTH LAKE, WISCONSIN

./(3 should like to get this map at your very earliest convenience.

EIGHTH

R. F. McNALLY. VICE PRES. AND CASH.
THE NATIONAL BANK OF COMMERCE

Very truly yours,

ST. LOUIS. MISSOURI
NINTH

F. A. IRISH. VICE

PRESIDENT
FIRST NATIONAL BANK

FARGO. NORTH DAKOTA
TENTH

FRANK J. WIKOFF. PRESIDENT

&C,
Director.

TRADESMENS NATIONAL BANK

OKLAHOMA CITY, OKLAHOMA
ELEVENTH

P. B. DOTY. PRESIDENT
FIRST NATIONAL BANK

BEAUMONT. TEXAS
TWELFTH

C. D. RORER. PRESIDENT
BANK OF COMMERCE
EUGENE, OREGON

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Federal Reserve Bank of St. Louis

Resorv. 80ik

iEs.
d

BANKER-FARMER

•
•

September, 1924

The Organization of the Agricultural Commission of the
American Bankers Association
OFFICE

RS OF AMERICAN BANKERS
ASSOCIATION
President — Walter W. Head, President,
Omaha National Bank, Omaha, Nebraska
First Vice-President — William E. Knox,
President, Bowery Savings Bank, New
York City
Second Vice-President—Oscar Wells, President, First National Bank, Birmingham,
Alabama
Executive Manager—F. N. Shepherd, 110
East Forty-second St., New York City

ADVISORY COUNCIL AGRICULTURAL
COMMISSION

H. L. Russell, Dean, College of Agriculture, University of Wisconsin, Madison,
Wisconsin
W. M. Jardine, President, Kansas Agricultural College, Manhattan, Kansas
W. R. Dodson, Dean, College of Agriculture, Louisiana State University, Baton
Rouge, Louisiana

Tim AGRICULTURAL COMMISSION
BURTON M. SMITH
D. H. OTIS
Chairman
Director
Members by Federal Reserve Districts
First — R. L. Russell, President, ManSeventh — Burton M. Smith, President,
chester Trust Company, South ManBank of North Lake, North Lake, Wis.
chester, Connecticut
Eighth — R. F. McNally, Vice-President
Second—S. G. H. Turner, President, Second
and Cashier, The National Bank of CornNational Bank, Elmira, New York
merce, St. Louis, Missouri
Thirci—v'. A. Zimmerman, Vice-President,
Ninth—Fred A Irish, Vice-P esident, First
Chambersburg, Trsist Company. ChamNational Bank, Fargo, Nor
Dakota
bersburg, Pennsylvania.
Tenth — Frank J. Wikoff, President,
Fourth—R. D S. hth, President, CommerTyadesmen's National
ank,
klahoma
cial .'aiioll 1tnk, Tiffin, Ohio
City, Oklahoma
Fifth—J. 1f Qx, President, Commercial
Eleventh—P. B. Doty, Presint, Fst NaNationa Blik, High Point, N. C.
tional Bank, Beaumont, T
Sixth—C ar s B. Lewis. President, Fourth
Twelfth—C. D. Rorer, Presid t, BaVc of
Natic1alBank, Macon, Georgia
Commerce, Eugene, Oregon

MR. DINSMORE AT THE VAT
In the enforcement of the strict regulations thrown around the quarantined
areas in the foot-and-mouth disease war,
neither man nor beast is excused. Soles
of the shoes have to be dipped in a disinfectant when leaving quarantined
grounds. Here we see W. T. Dinsmore,
Chairman of the Agricultural Committee
of the California Bankers Association,
"cleansing his sole at the border".

When the bankers meet in Chicago September 29-October 2, the
Agricultural Commission will have
an exhibit. Stop and see what the
Commission is doing.

TABLE OF CONTENTS
MEN OF THE COMMITTEES ON AGRICULTURE OF THE 13
STATE ASSOCIATIONS
Alabam
W. Black, President, ButMontana—H. S. Buell, Pr
ecurity
ler Co
ank, Georgiana
Bank & Trust Co., B eman
Nebraska—,Dan V. S •hen
Arizona —
Stapley, Vice-President,
President,
Mesa Sa ig
Fremont State Ba , Fr
ank & Trust Co., Mesa
ont
Nevada—W. C. Pitt Pres
Arkansas—E.
nt, Lovelock
dman, Vice-President
Mercanti
le Ban ng C , Lovelock
and Secreta ,
nion Trust Company,
New Jersey—H. S. Mow r, Cashier, First
Little Rock
National Bank, O
California—W. T. Dinsmore, Vice-PresiNew York—John T.
mes, President Nident, Security S vings Bank, Riverside
agara County National Bank, Lockport
Colorado—G. T. We s, Assistant Cashier,
North Carolina — J. H. Alexander, Jr.,
Denver National Bank, Denver
Cashier, The Scotland Neck Bank, Scotland Neck
Connecticut—W. H. Lee, Director, First
North Dakota—B. W. Taylor, President,
National Bank, New Haven
First National Bank, Stanley
Delaware—John E. Dougherty, Treasurer,
Ohio -- A. S. Thomas, President, Citizens
Farmers' Trust Co., Newark
National Bank, Mt. Sterling
Florida — R. C. Lang, Cashier, Farmers
Oklahoma—W. L. Hert, President, First
and Merchants Bank, Trenton
National Bank, Stillwater
Oregon — Keith Powell. Vice-President,
Georgia—C. 0. Carpenter, Asst. Vice-PresBank of Woodburn, Woodburn
ident, Fourth National Bank, Macon
Pennsylvania—William S. McKay, PresiIdaho—W. G. Hawkinson, Cashier, First
dent, First National Bank, Greenville
National Bank, Lewiston
Rhode Island—E. K. Thomas, Rhode Island
J. Cooper, Cashier, Old Second
Hospital Trust Co., Providence
National Bank, Aurora
South Carolina—A. R. Johnston, President,
Indiana—J. C. Shirk, President, National
Farmers
Bank, St. George
Brookville Bank, Brookville
South Dakota — C. A. Stone, President,
Iowa—Irvin J. Green, Cashier, First NaFarmers
State Bank, Carthage
tional Bank, Davenport
Tennessee — D. M. McAnulty, Vice-PresiKansas—A. G. English, President, Macksdent
and
Cashier. Hardeman County
ville State Bank, Macksville
Savings Bank, Bolivar
Kentucky—F. C. Dorsey, Vice-President,
Texas—C
. S. E. Holland, Vice-President,
Liberty Insurance Bank, Louisville
Second National Bank, Houston
Louisiana — Dr. R. G. Young, Vice-PresiUtah—F. C. Jensen, Vice-President, Price
dent, Bank of Lafayette and Trust Co.,
Commercial & Savings Bank, Price
Youngsville
Vermont—H. E. Gray, President, Winooski
Maryland — Frank I. Duncan, Director,
Savings Bank, Winooski
Towson National Bank, Towson
Virginia—S. W. Keys. Cashier, Bank of
Massachusetts—J. H. Soliday, President,
Glade Spring, Glade Spring
Franklin Savings Bank, Bo8ton
Washington — F. .T. Wilmer, President,
Michigan—Robert H. Sherwood, Director,
Whitman County National Bank, RoFirst National Bank, Watervliet
salia
Minnesota—Emil A. Bole, Vice-President,
Wiscons
in—W. A. von Berg, Cashier, State
Bank of Commerce, Mankato
Bank of Mosinee, Mosinee
Missouri—Edward Buder, Vice-Presiden
t,
Wyoming—G. A. Hinman, Cashier, First
Mercantile Trust Co., St. Louis
National Bank, Greybull

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Federal Reserve Bank of St. Louis

Live at Home—Market
Surplus Products

Page

John Fields

2-3

Gobblers and Hens Swell
"Rainy Day" Fund
4-5
States Welcome New Phase in
Marketing
6-7
Caroline B. Sherman

Picnickers Are Guests of Bank
7
Youngsters Exhibit 290 Pigs
at Rally
7
Editorial
8-9
What Bankers Can Do To
Help Farming
10
C.
D. Rorer

Banker-Farmer Gossip
Better Bulls Mean Better
Business
A. J. Platten

"Sound' Farmers Are on
Ladder of Success
D. H. Otis

Settlers' Credit Needs Perplex
Nevada
Farming Receives Bankers'
Attention
Oregon Backs Agricultural
Commission 100%
The Organization of the Agricultural Commission of the
American Bankers Association
Chairmen of the Committees
on Agriculture of the Bankers State Associations
DINOCRAT PRINTING COPIPART
MADISON, WISCONSIN

11
12
13
14
14
15

16
16
AC 20

September, 1924

•
•

Puyallup, at which meeting L. M. Plamondon of the Woodland State Bank presided. After the presentation of the
program formulated at Spokane, five
projects were, adopted for the western
section: Boys and girls club work; attendance by bankers on community meetings held in the respective counties; more
adequate support of the State College,
Experiment Station, and Extension Service; support and development of sound
cooperative marketing movements; and
the encouragement of farm accounting.
The first two projects are now common
to the whole state.
Director Nelson addressed these thirty
bankers, also. He explained that a campaign is on to raise the product of cattle
five pounds of butterfat a year for five
years in the state and to increase the lay
of the hen five eggs each and every year
for five years.
Cow Loans Are Gilt-Edged
County agents then told of some real
things farmers are up against with
which bankers can help. One agent said
he wanted a concrete plan for getting the
banks in his county to loan money for
buying good cows.
"I will not say what should be done,
but this is what we do," said Chairman

THE BANKER-FARIDAP
Plamondon. "We loan to a farmer to
buy good cows on twenty months' time,
payable 5 per cent a month, as his checks
come in. In twenty months he has the
bill paid. I go right out with him and
help to pick the stock he buys. In the
banking business we have had many
losses but we have never lost a 5-cent
piece on any loan to a farmer to buy
cows."

4116,1145

At adjournment the idea was quite
definitely established that loans to dairymen for purchasing better stock are a
legitimate, necessary, and profitable
function for local banks.
The Agricultural Commission of the
American Bankers Association was represented at both Spokane and Puyallup
by Dean H. L. Russell, Chairman of the
Advisory Council.

Puyallup Farmers' Course Brings Bankers and Tillers of Soil Together

Commission 100%
Oregon Backs Agricultural
ver They Can Serve Efficiently
Bankers Are Pushing Farming Where

OREGON entertains no doubt of
the banker-farmer
movement succeeding with the work
which the Bankers'
Agricultural Committee has outlined
and the bankers
are backing. When
at the bankerfarmer conference
held at Corvallis
on July 18, a moJ
w a s unanition
L
KEITH POWEL
adopted
mously
Oregon
the
supporting
Purnell bill for increased funds for research work, Oregon bankers placed
themselves 100 per cent behind the general program of the Agricultural Commission of the American Bankers Association.
The Commission favors boys and girls
club work, diversified farming, securing
and disseminating information through
THE BANKER-FARMER, and the Purnell

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Federal Reserve Bank of St. Louis

Russell, Chairman, Advisory Council, Agricultural Commission of the American
Bankers Association, when he talked on
the agricultural outlook. Much variation
exists in the costs of production. Farmers producing milk vary over 200 per
cent in their costs. Success comes in getting the cost below the average.
Oregonians Cooperate Splendidly
"We are showing to the banker," said
C. D. Rorer, Representative of the ComDirector Paul V. Mans of the Oregon
Agricultural College spoke at the Cor- mission for the Twelfth Federal Reserve
District, "that there is an agency in
vallis meeting on the cooperation which
exists between the bankers and the col- every state efficiently organized for the
advancement of agriculture. It is taxlege. They are working in harmony with
the general agricultural program. Seven supported and should be available to both
counties have held county conferences bankers and farmers as well as other
business men. The banker is not atand ten more are on the list.
It is the desire of President W. J. Kerr tempting to take his place in the driver's
of the College to have his people in touch seat; he is ready to get down and push
with what the bankers are doing so they wherever he can serve efficiently."
Keith Powell, Chairman of the Agrimay get a better understanding of each
Bankother's problems. Banks are in a cultural Committee of the Oregonconferthe
at
presided
on,
ers
Associati
with
ing
cooperat
when
position
strategic
and
the College. There are good signs of ence of twenty-six bankers, farmers,
fine
the
praised
too,
He,
men.
College
are
efforts
such
and
ment
real improve
spirit of cooperation that exists between
bound to result in achievement.
Inefficiency was stressed by Dean H. L. Oregon bankers and farmers.

bill. Oregon bankers have as their farm‘
ing projectS both of these first two items,
as well as better farm crops, improved
marketing methods and farm accounting.
And the Oregon Bankers Association
subscribes to THE BANKER-FARMER for
its entire bank membership.

As to Farmers—Especially When Owned by a Boy
Pigs Are of As Much Interest to Some Bankers

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Federal Reserve Bank of St. Louis

Aucust 9, 1924.

Gentleren:
In response to your letter of
;,w;ust 7th re ,uostinG
descri-ZAen of the
Federal reserve branch territories, and
particularly that territory covered by the
Fashville Branch, there is enclosed, herewith, a copy of the Board's Tenth An-rual
Report coverinz operations for the Cf- lendar
year 1923.
On lazes 4C8 to 473, inclusive,
will be found a descritition of the Federal
re:-erve districts, while on ,-,age 474 is a
nap of the United [Antes shavrinc the boundaries of the respective Federal reserve dietricts and reserve branch territories.
Yours very truly,

(Signed) J. C, Noe11
J. C. Noah,
Assistant 1)ecret,:- ry.

Rand /Tonally & Company,
55C South Clark Street,
Chicago, Illinois.

Enclosure.

S.
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"ARAINITANDTAWY, CJULTUA.110

"1-.q1TZ91311C4Tr'I':,

QUOTATIONS AND AGREEMENTS SUBJECT TO THE CONTINGENCIES,
OF TRANSPORTATION AND STRIKES OR UNAVOIDABLE ACCIDENTS

PLEASE ADDRESS ALL COMMUNICATIONS TO THE COMPANY.

(;\(•}{.
August 7,1924.

AND DELAYS[94?e
N.
D ,,,,,,,,,,,,,,,,,,
...
*0
.:

Mr J.C.Noell, Asst.Secy.,
The Federal Reserve Board,
Washington, D.C.

40
0 •9

Can you supply us wIth a description of
the Federal Reserve Branch territories.
We are particularly interested in the
Nashville branch. Does this take in only part of Tennessee
or does it include part of Tennessee, Georgia and part of
Alabama.
We understand that in some instances a line
can not be designated to show the limits or boundaries but
When there are limits or boundaries, we like to have the
descriptions.

RAND 1M NALLY & COMPANY
O.K.

OK/ES

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

'1 1

i.,,,:.•••

Dear Sir:-

Yours very truly,

...• \

A .....6

.0?
'

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

)?)•C',EKVII gOARD FILE

Octeloorp 25. 1923.

rr. reury
Jaolcson,
,Itrnth raven :rm.
91mrthmre, 17'n.

7'ear
Corrllyincwit1 tbe request contained in :Tour
letter of .0etober 22nd, tharl Is enclosed ucopy 01
the anrual report of the Podcral re33rve 3otIrd 4over...
Ing oThlrations drin tho oulondar 'dear 1'322. You toi411
find on :.ea 4,16 to 4O or t!s report a complete des—
cription of the Ped.:Irni 7lesnrv- Dista.iete, together A.th
oh iedoral ieserve ;an%
a TrAr SAewints the loctAion of

Tirandh.
Ver.' truly yours,

(Signed) J. C. Noel!
(Ymcloluro)

J. 0. :Torn,
J'Aisistant 3ecretr:7.

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

•
•

•
I

NORR/S TOWN,PA.

SWARTHMORE,PA.
OPEN ALL THE YEAR

OPEN ALL THE YEAR

PHONE 680 FM.SCHEIBLEY.

PHONE/34 FMSCHE/BLEY.

SWARTHMORE,PA.

7014gusi

044

0-4,22

P-eAtel 9,Az 044 cezezive4
F0Apiez
/4241v-7
`)
a4tL
At
ii?e4A-na?I

7-m17101/1

Palv„,

TREASURY DEPARTMENT
BUREAU OF THE PUBLIC HEALTH
SERVICE

WASHINGTON

October 23, 19-3,

Respectfully referred to:
The Federal Reserve Board,
Treasury Department,
Washington, D. C.
By direction of the Surgeon
General.

Chief Clerk.
SR

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

r!5',.fscovrEGI

HLE'

June 21, 1920.

ky denr acted:

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

In acuorkince with your request of June 10th,
I Ilave pleasure 1.* sending you herewith a oispy of Senate
Docunent No. 48
Sixty-Third Congress, Second Session,
entitled "LouWon of Reserve Districts in the United
States". Tilts is, not in very goo6 condition, but it sews
that a icret wany of the Documents pertaining so the Federal
Reserye/Act and other Financial Legislation have been destroyed
you aro lucky to get thi% ono, IrIA.ch '.7%s sent me
thrverh the caurteny of Senator Glass, office.
trumt that everytning is coing well with you
and th.at you ,tre enjoying yxur nev
If them is anything
furthnr I win do to he of 9,w,ist%nce please let r:4) know.
Sincerely yours.,

Er. Jly L. Redd,
Auting Aesiatunt Cashier,
Federal Reserve Bank of $-in FrAncisco,
Sqn Francisco, Cal.

.Enc.

•

•
•

•

FEDERAL RESERVE BANK
OF SAN FRANCISCO
ADDRESS ALL COMVAUNICATIONS TO

FEDERAL. RESERVE BANK

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

June 10, 1920.

Mr. John DeLaMater, hi
2edera1 Reserve Board,
;:ashington, D. J.

Clerk,

My dear DeLaMater:

One of the senior officers of this bank
is desirous of securing a copy of Document No. 485,
Sixty-Third Congress, Second Session, entitled "Location
of Reserve Districts in the United States."
Will you be good enough to see if you
can secure this from the Document Rooms at the Capitol,
the Superintendent of Documents or from any other source
which you may know of.
Thanking you in advance for any trouble
this may cause you, an

with kind regards, I am

Sincerely yours,

()tints ,:lssi.,tant Cashier.

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

•

F. FCI

E7.

Co) i
t
My 17, L920

L.Ty dear Cir:

Your lottor of the iZth instant to the 3ocrutz.4
- 7
of th.e Treasury has boon roforrcd to this office for
rel'ly Liza. I. would state that the .0ederzil itosrve Board
is not considerinG the establishment of a Federal re—
sorve bank to be located outside of the United 3tates,

Wry tray yours,

ovorn3 r

Von.liara A. Ashbrook,
House of Representativos.

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

WILLIAM A. ASHIBROOK

aft"N ITTEES:

17TH OHIO DISTRICT
INVALID PENSIONS
COINAGE, WEIGHTS, AND MEASURES

HOUSE OF REPRESENTATIVES
WASHINGTON

Nay 12 1920.

Y.on. Soc:ot.Lcy of the 'Treasury,
Vlashington ,D. C.
Dr Sir:I have a letter from a contituent who understands
that a Foreign Federal Teserve Dank is to be established.
She speaks French fluently and desires information in order
that she may make application as a clerk, I will thank you
to advise me.

Very respectfully,
TIAA/S

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

•

OFFICIO MEMBERS

F. HOUSTON
SECRETARY OF THE TREASURY
CHAIRMAN

W.
ALBER

March 19,192
19,1920.
0.
X-1867

Subject:-

Changes in Npmes or Boundaries of Counties.

Dpar Sir:In order that the Board's records, with .
resect to Federal Reserve Districts, may be correct
at all times, will you please arrange to advise the
Board of any chanzes in the names of counties in the
states comlprising your district, and also any changes
in county lines which in any way Affect the boundaries
of your district.
There is enclosed a list showing counties
by states comprising your district, according to the
information on record with the board. will you
have this list checked and return it to the Board, indicating changes, if any, which may be necessary to bring
it un to date.
Very truly yours,

Enclosure.

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

Assistant Secretary.

To Chairmen of all 2.R. Barfs

ERNOR
CE GOVERNOR

W.T. CHAPMAN, SECRETARY 1
R. G. EMERSON,ASSISTANT *MARY
W. M. INLAY,FISCAL AGENT

WASHINGTON

FEDERAL RESERVE BOARD

Auss.

ADOL
C. MILLpfI
CHARLES S.'HAMLIN
HENRY A. MOEHLENPAH

FEDERAL RESERVE BOARD

JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY
...-,•—•
ADDRESS REPLY TO

ARDING. G

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

30
Nove,aber 18th, 1918.

/The R, M4!o11ingshead Company,
15th Fla e anti. 3, "Alatern :_venue
CI1thaoi 111.
Gentle

:
'1(oll,r_1etter oT November 16th, ad ressed

to tile Orguaizatien Oommittee of the Pederil ReserVe

TotIrd, has just heen received by the Pederfa

Reserve 1,,onra, and in response to your rcv:uost for
information concerning the principles involved in
the est%blishment of the various Pedral Reserve
JAstricts, I be

i)leasure in handinfr you herovith

a copy of the repOton of the Reserve 11:Ink Organizution Commibtee, which covers in some &fatal.' the
bqois upon which the various districts were established.
If there is further information in this
direction which you desire, pleoe commAnd nu.
Very truly yours,

iSt

,rtt 6ecretary.

BOI`TW FILEt,

limair y

R M.HOLLINGSHEAD
PRESIDENT

C. W.TOM LINSON
TREASURER

ppESIDENT

THE R. M. HOLLINGSHEAD CO.
17M-X X
CHEMICAL SPECIALTIES
CAPITAL STOCK $1.000,000

FOREIGN

BRANCHES

WESTERN

CABLE ADDRESS

LONDON. ENGLAND
RAR IS, FRANCS

A.B.C. ,
5 ,EDITION

SIDNEY. AUSTRALIA

GENERAL OFFICES

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

HAVANA,

AND FACTORIES CAMDEN,N.J.,U.S.A.

UNION

LIEBER'S

WHIZ

AND OUR PRIVATE

CUBA

CODES

CHICAGO BRANCH
AMIWN

Organization Committee of
Federal Fe serve Board,
Washington,D. C.

-t_3+54h.PlaceandS.WesternAve.
Chicago. Ill.

November
16t114
_1918.

Dear Sirs:
We are inclined to think
rossibly the knowledge as to what principles
were used in determining the territories
established as various Federal reserve
districts, would be of some assistance to
us in deciding what territories to be covered
by our various branch houses. Would you mind
telling us, on what basis the Federal reserve
districts were established, for our information as above exrlained?
Thanking you in advance for any
advices given us in this matter, we are
Very truly yours,
TEE P. Y. HOLLINGeHEAD CO.

WDJ:MCL

BRANCH
BOSTON

SAN

OFFICES

FRANCISCO

AND

WAREHOUSES

CINCINNATI

IN:

CLEVELAND

ATLANTA

DETROIT

RtTTSSURGH

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

1re
JEFI
November 7, 1918.

Dear Sir:
In partial compliance with your request of October 28, I am
sending you under separate cover copy of the 1917 Annual Report
of the Federal Reserve Board which (on page 208 and following)
gives detailed description of existing boundaries of the several
Federal Reserve districts, also population estimates as furnished
by the Census Office.
I regret very much that we are unable to furnish you with
figures of the appraised valuation of 7)roperty, or with the total
banking resources by Federal Reserve districts. We have: asked
the Census Office to work up the former data and will send them
to you in case we are able to obtain them for our own use.
As
to banking resources, the only data available by Federal Reserve
districts are those of National banks and other member banks.
Latest figures, as of June 29, 1918, are shown in a compilation
of the Federal Reserve Board, copy of which please find enclosed
herewith.
Very truly yours,

Assistant Secretary.

Ur. F. E. Cooper,
Editor, !Jorld Almanac,
Room 1605, Pulitzer Bldg.,
New York City.

(Enclosure)

0-27-18-500

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

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fiI

ArOft
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MINN

Inigliag MGZ,TS,
INIMilragi

ALMANAC EDITORIAL DEPT.
Room 1605.

Pulitzer Building, Park Row, N. Y.

October 28th,

918.

To the Secret9ry,
Federal Reserve Doard,
Wasington, D. C.
Dear Sir:
A number of prominent gentlemen have suggested to us that we
print in our next Almanac the boundaries of the severs1 Federal Reserve
DIstricts.
Are there any mtual definite
boundaries—definite enough to give the
population of,,, together with the appraised
valuation of tkF/property therein, and
also the banking resources? I very much
doubt if the bounda .ies are 95 definite
as tiln out I will be glad to have you
inform me on the subject.

optimpi

Yours 7ery truly,

1/k-

4
7

W-"
Li-

14.

91
41%
k

••44,
Z

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

October 22nd, 1918.

Babson's 3tatistica1 Or-nization,
,ollesley Hh11,
Contlemen:
Attention, -r. loger ,. Babson,
President.
Reforrin to your letter of October 19th,
and with reference to your inquiry concerning the
bouqdaries of the Federal Reserve Districts.
hand you herewith a pamphlet entitled, IJAcision of
the Redervi Bank Organization Commit!4eo Determinin
the Federal Reserve Districts and the Location of
Federal Reserve Banks under 2edern1 Reserve :ct,
Approved December 23, 1913."
This is the original decision of the Organization Contaittee, and goes fully into the situation, and the arguments coverinc the claims of
the various Districts.
,s you aro aware, the Federal Reserve
Board subsequently authorized certain changes in
districts. There aro scut you, under separate
cover, the Annual lieports of the Board for 1916,
1916, and 1917, and if you will refer to the index
you will find a record of the various changes and
dicussion thereon.
Trusting that this gives you the information you deire, I am,
Very truly yours,

Secretary*

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

October 22nd, 1918.

Babson's Statistical Orp-nization,
,ollesley Hills, Is-2.s.
Gentlemen:
Babson,
Attention, 7.!r. noger
President.
Referring to your letter of October 10th,
and with reference to your inquiry concerning the
boundaries of the Federal Reserve Districts. I
hand you herewith a pamphlet entitled, "Decision of
the Redervb Bank Organization Commitlfee Determining
the Federal Reserve Districts and the Location of
Federal Reserve Banks under Federal Reserve :et,
Approved December 23, 1913."
This is the original decision of the Organization Committee, and goes fully into the situation, and the arguments covering the claims of
the various Districts.
you are awd!re, the Federal Reserve
Board subsequently authorized certain changes in
districts. There are sent you, under separate
cover, the Annual Reports of the Board for 1915,
1916, and 1917, and if you will refer to the index
you will find a record of the various changes and
dicussion thereon.
Trusting that this gives you the information you desire, I am,
Very truly yours,

Mat(_
Secretary.

0*
ENGINEERS
BABSON'S STATISTICAL ORGANIZATION
ECONOMIC

REPORTS ON FUNDAMENTAL BUSINESS CONDITIONS
OWNERS OF FINANCIAL LIBRARY LOCATED AT
66 LIBERTY ST. NEW YORK CITY

ROGER W. BABSON, PRES

ADDRESS REPLY TO

WELLESLEY HILLS, MASS.

COMPILING OFFICES

(SUBURB OF BOSTON)

Ocotber 19, 1918.

Federal Reserve Board,
Treasury Building,
Washington, D. C.
Gentlemen:
Please accept our congratulations on the growth of your
statistical reports, which are so noticeably increasing both
in volume and value. Ve find them of great significance in
our studies of the fundamental situation and outlook. In this
connection is it imposing on Tvur courtesy to ask you to give
us as complete a discussion as possible of the bounderies of
the Fecleral Reserve Districts?
Our understanding is that these districts were laid out
somewhat in accordance with the commercial and industrial
character of the region, the aim being to divide the country
are interested in such points as
into homogeneous units.
the reasons for dividing and districting as you have done,
Louisiana, Mississippi, Kentucky, and other states where the
purpose of ycur arran;ement is not entirely obvious. We should
also value an explanation of the basis for the general state
grouping which you adopted. Can we cite any facts showing the
care taken to lay out these districts in accord with fundamental
business conditions?
In fact we shall appreciate almost any information you
have to offer in this matter, as we frequently have occasion
to mention your work to clients and we wish to emphasize its
importance.

Very tryly yours(

• -J

)Lteicantile Dept.
z
(

DSK.ONS

Altho obtained from sources believed accurate, our reports and opinions are not guaranteed.

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

Moreover they are given in strict confidence for the use.of clients only.

X-1208

f e rre d to:
Mr,
"
"
"
"
"
"
u
"

Broderick
Adel son
Cha prran
/
Jacobson
Imlay
De La Yater I
Burklin
" Faulk
Reed
Smea a
Moore
Telegraph
Kit zmille
Files

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

,i1..S1tiVE BOARD ILE

o /0
August 14,,1918.
,....._—_
!1

ti-----------i
Direotor of Purohases and Supplies,
Mills Building,
Cashington, D. C.
Attention: Captain Shaw.
Dear,Zir:
heierrihe,

4,t)

our telephone conversation this

morning., tail euclosiiv; copy of the Federal F.eserve Bulletin of Leptember, 1917, on pages 668 to 671 of iihich
is given a description of the Federal Reserve districts.
I trust this will serve your purpose.
Very truly yours,

Assistant Seoretary.

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

..,......._......
/IEDLRAL

...
HtStRVE 130AZ

fiL4-

May 16, 1918.

Mr. Frank Longworth,
666 North State Street,
ChioaLo, /11.
Deur Sir:
In reply to your letter of May 14 in which
you ask for such data as we might have which would be
of assistance tc you in outlining on your proposed map
the several Federal Reserve districts and the location
of the Federal Reserve banks and brunches, I am enclosing
several outline maps showing the Federal Reserve districts.
There is also enclosed a copy of the September, 1917, Bulletin of the Federal Reserve Board beginning on page 668
of which you will find a detailed description of the boundaries of the twelve Federal Reserve districts.
I am also
sending you herewith a list showing the location of the
thirteen Federai Reserve branch banks.
No changes in the districts nor the establishment
of additional branch bankeare in immediate contemplation.
Very truly yours,

Secretary.
B.

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

FEDERAL RESERVE BRANCH BANKS.

L.
2.
3.
4.
5.
6.
7.
6.
9,
10.
11:
12.

Cincinnati and Pittsburgh
Baltimore
New Orleans
Detroit
Louisville
Omaha and Denver
El Paso
Portland, Seattle, Spokane, Salt Luke City.

•
FRANK LONG'S/STORM
PUBLISHER

ADVERTISING MAPS

A.UTONI0131 LAC
POCKET MAPS

STATIC MAPS

ALL STATES

MAPS

GLOBES

AND

ATLASES

COUNTY MAPS

WAR ZONE MAPS

CITY MAPS

or EU

OPE

POCKET EDITION AND
WALL SITE

WALL AND POCKET SIZE

666 NORTH STATE STREET
CHICAGO, ILL.

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

71-tY4/fr
tiea41

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Federal Reserve Bank of St. Louis

\FEDERAL ESERVE BOARD MI

Uay 31, 7.17.

Mr. Jalcos n. Riddell,
l'ionoar and zroadwv,
Cincinnati, ,Jaio.
MY dear Sir:
Replying to yflur letter of May 29th, 1 wo,ld state
t.t the Federal Reserve bands
:oioard.

ero not locatou bd the Federal Reserve

The adjustment oi Fodor12 Resorve districts aria the selection

oi cities in whion Federal Reserve banks Nero to be astIblisned,

ere

all determined by th4 Federal Besorva bang Organization Committee,
consisting ox the bearetary 01 tne Treasury, th

ocrotary oi Agriculture,

and the Comptroller oi the CurreLcy, before the ward aad even b -Jen
selected by the President.
a,!, enclosing hnre.dth, :or your inlormItion, a stiteent
tnat v.as ma d3 by the Organization Committee It the time the districts
were announced, explaining the reasons lor the actiLn tar:en.
Very truly yours,

Go.ornor.
(Fnelosur:

•

I JAMES M. RIDDELL I

v-au.lartitia

ATTORNEY-AT-LAW

l'iorvErAt .Arrn IntoADwAA.-

MAY 3 1 1917
GOVERNOR'S OFFICE
CINCINNATI,

May 29th 1917

Hon W P G Harding,
President, Federal Reserve Board,
WASHINGTON, D .C.
My dear Sir:The Temperance people of this vicinity are waking
the statement that the reason Cincinnati was not given a Federal
Reserve Bank was because of the large liquor industry which it
had

and that by reason of this nefarious business the Government

did not want to take any chances in a monetary way

with business

paper which had its origin in such an unholy source

as the rum

business, which constituted, as the *drys.** claim, about nine—
tenths of the volume of business done in the fair city of Cincin—
nati.

The writer has heard this statement made time and time

again and cannot believe that your honorable Board was actuated
by any such a reason in locating the Bank at Cleveland instead of
Cincinnati.
Now, if it is not violating any official confidences, and
as the matter is past history, could you send me an extract from
your minutes showing the action of your Board in awarding the
Bank to Cleveland, instead of to Cincini,ati.

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

Thanking you in advance for your courtesy, we are,
Yours very respectfully,

3pft

17, 1917.

Mr. A. ... Lills,
President, First rational Bank,
L'ortiand. Creoa.
Dear Mr. Yillz;:
am Ela& to save

favor of ne 10th

instaat, but very sorry to lea= that you 1.9.ra EA111
saffering .from thc &cut.

tea me

bave oxonPra-

of ally rospoxxibility.

),' letter
1 ha6. hojcr:,;

.- :141, with the 1:ro2peQt it helC:cut
miiffwk, prove a to-,
of the esttiLlishment of u; 2eserve Baru_ brtmel. in
your
- nce to
!aluc your sl:gdoutiops with rt.)1'er,,;
,
the nuffool• of a.rector t and tie const.Ittior of the
direotorate

of the branel

to *4hci ol:inibLi that the

ulor :171au11 not be less

lAinn fivo, r;Ind I upl olearly
30M0 tiM0

T cr alao inclined

the opinion that, for

at icast, it will be desirable to have cer-

tain mombero LJit on the board

of oaoh oz

the branch

hanko.
JadjILLg from join- letter, 8.oel material
for dirootoro can be found in abundance in eortland.
3hall want to oonsult you further ana more specifically when we have reaoned the stage of proceeding

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

Mr. A. 1. Mills

May 17, 1917.

with the organization of the Portland branch.

Rapid

progress in being reported in cornectinn with the
organization of the Spokane branch, an
is likely to

300

the next month

the branch in operation there.

Tlelieve me, viit;z best wishes,
/ours sincerely,
A. C. LAILLE1-1.

:Iote:

Er. Erns letter of the 10th referred to above,

sent to

jerrin with letter from ACM on May 17, with

request that Er. Perrin return the letter.

0•
A.L.M I LLS,President.
C .F.A DA MS,Vice President.
H .L.COREi ETT,VIce President.
E .A.WYLD ,VIce President and Cashier.
.F.STEVENS,Assistant Cashier.
A .0.J ONES,Assistant Cashier.
E R .CORBETT,Assistant Cashier.
H .B.DICKSON ,Assistant Cashier.
J .W.BICKFORD,AssistantCashier.

N91553.

ME.

•

OFIPORTILAWD,OREGOlf:

-//
• - /1/i
(/////7 May 10, 1917.

Personal.

Mr. Adolph C. Miller,
Federal Reserve Board,
Washington, D. C.
fly dear Vr. Miller:
Your favor of the let inst. has been on my desk for a
day or two while I have been wrestling again with an attack of gout; however, I don't think your letter caused it.
I believe the Portland Clearing House Association will
render every assistanse possible to the Federal Reserve Bank when a Branch is to
be established here. At the same time, I do not believe we can give you assurAs you know, Washington
arse that the State Banks will come into the system.
Law which will
Deposit
e
Guarantee
at the last Session, passed some sort of
yet Oregon has
As
system.
the
into
ail in bringing the Washington State Banks
of the
many
how
see
to
interesting
It will be
been saved from such a law.
in Spoestablished
is
Branch
a
when
state banks came into the Federal System
Federal
the
into
be
forced
will
In time, I believe every State Bank
kane.
Reserve System, but I hope many will join of their own accord before that day
comes.
Referring to the number of directors for the Branch Banks,
In fact, I think the numI do not believe there should be less than five.
a quorum three or four.
make
would
which
seven,
or
ber should be either five
sitting upon the
members
certain
to
have
possible
were
it
I believe if
unity of action,
more
for
work
would
it
banks,
the
Eranch
of
each
o'
Boards
and would keep the Branches well in touch with each other.
I regret that I am not well enough acquainted with the
business men of Seattle or Spokane to be able to advise you of the names
of citizens worthy of appointment as directors of Branch banks in Seattle
In Portland I would suggest the following business men from
or Spokane.
whom you might choose, though I am not positive about their not being bank stock holders:

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

•
•

•
•
-2-

W.
B.
W.
L.
C.
W.

A. C. M.

B.
C.
J.
G.
C.
E.

Ayer, President, Eastern & Western Lumber Co.
Ball, President, Willamette Iron and Steel Works.
Burns, Managing Partner, in Portland, of Balfour, Guthrie & Co.
Clarke, Woodward & Clark Co., wholesale and retail druggests.
Colt, President, Union Meat Co.
Coman, Tanager, North West Electric Co. (largely owned by Fleischhacker
of San Francisco)
V R. L. Glisan, Attorney, owner of considerable real estate.
Franklin T. Griffith, President, Portland Railway Light & Power Co.
William VaeMaster, property owner and representative of several Scotch
Loaning Companies.
C. F. Swigert, Prsident, Pacific Bridge Co.
G. W. Talbot, President, Pacific Light & Power Co.
0. M. Clark, Clark & Wilson Lumber Co.
W. P. Wheelwright, Pacif5c Expert Lumber Co.
.,--72F. C. Knapp, President, Peninsula Lumber Co. and Peninsula S'oipbuilding Co.
'
J. B. Yeon, retired lumberman.
All of the above men are of good standing in this community
and from them I believe you will he able to select excellent directors.
With best wishes, I am
Yours sincerely,

/‘--

M.L

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Federal Reserve Bank of St. Louis

President.

1:1-4E

it
/ /to

?resident, First 1:ational. Bank,
:ortlanl, Crogon.
'Dear Mr. 7111s:
lou will have learnoti by this ti!le the action
of tie

, :ank of 7an Francisco on tn,:?
deral Resery.c.

establishment of branfibes in the .:acific '.:orthwest.
They have deterined to ostablit3:1 branches at :ortland, Teattle, s:nd
tablment to be

th.) time and order of 03.•
termined, 1 believe, by the execu-

tive officers of th.e bank in accordance v,i.th local conditions and facilities related. to brtulch bank organization.

I suppose the firlt branch to be operated will

bc the Spokane branch, the ''- ,tate banks of t•hal city
which are members of the local clearing house h5veng
(Mown a disposition tc -.:ooperato in every way in 2agilitating the organizEtion ani operation of the. branch
by comir,tg into tho

o.cral Reserve 'ystem, and turning

over to the branch the fAnations of the cletzing house,
iLcludinu examirmtion. (The branch to be reimbursed
by. the local banks for the oxporlf;c of examinv.tinn.)
It is to be hoel that the bayiks in either .7,eattle or
ortiand, or better ;Jtill both, will be able to extend cooperbAlon similtx to that undertaken by the Spokand bani:s, and. that the near future will see the

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Federal Reserve Bank of St. Louis

Mr. A. L. Mills

L
- ay 1, 1917.

establishment of branch institutions in those cities.
I note your uaggestion for the creation of
an executive committee consisting of tne Cnairmen of
each of the branch boards of directors.

It is origi-

nal and certainly merits careful attention.

I a-n ho.e

ful, however, t at an amendmeat to the 7eserve :ct submitted by the 'oard, and leaving it to the discretion
of the

oard to organize branch banks with from three

to seven directors, will be enacted in tne near future
and thus simplify tne zhole branch bank problem.

shall be very glad to have your views as to what the
number of directors should be; whether, in any case,
a@ few as three, or in any case as 'zr* as seven, and
whether you think it desirable to nave anij Laterloc;,.ing directors, that i3, certain men sitting u!,on the
boards of each of tne branch banks in the

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Federal Reserve Bank of St. Louis

acific

Northwest.
I would also be much obliged if you would
give me the names of 2ort1and, Seattle, or Spokane
men who would in every way be worthy of appointment
as Government directors of branches when established
In these

aaces.

It is to be expected that the by-

laws of the branches will irovide that the Chairman
will be one of the Government lirectors.

Viaile it

is desirable that he shoulJ be a -Ian of banking experience, I do not think this absolutely essential
if he is otherwise a man of the highest type.

The

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

Mr. A. L. LTill

sfirit of the

.. 3

t WOUi., hover, i believo, preclude

ownership of bank stocg; bj an
rectors.

:ay 1, 1917.

c‘,7 the Goveramedt di-

I.t:,1 1k it probable, however, t.,-lat

in each

of the north.estern eiLies seve:%.1 man could be found,
of acknowledged standing in the business community,
among ;.).om there would be some 'ho lid not hapten to
be owners of bank stow, or who would be willing to
divest themselves of such ownership in order to liontify themselves 7;ith the direction of a Federal ::scrve
3aL., branch.

Anything that ,ou choose to rive me by

way of T,ET:estions of names, I shall be glad to treat
as co;.fidolltial.
I tru3t that yol are in bettor nc‘.:11.-til.
Holley° no,
Very truly yours,
A, . MIT,L1,13.

010 ilo

N91553.

•

ViEsia)13.ftLtgi

1 I LLS,President.
,
A. L.N.
C .F.ADAMS,Vice President.
H .L.CORBETT,Vice President.
E .A.WYLD Nice President and Cashier.
B .F.STEVENS,Assistant Cashier.
A .0.J ONES,Assistant Cashier.
E .R.CORBETT,Assistant Cashier.
H .B.DICKSON,Assistant Cashier.
J .W.BICKFORD,AssistantCashier.

OF POIITLAWID,OREGON.

• A//je;// April 23, 1917.

Mr. A. C. Miller,
Vo Federal Reserve Board,
Washington, D. C.
Dear Sir:
On my return to the office today I find your valued favor of the
16th inst. and have read the contents with much interest.
On the lines you suggest, would it not be wise to establish a
branch bank in each one of the three cities, Portland,Seattle and Spokane,
with a local manager and local board of directors to control the affairs
of each bank.

Then create an executive committee consisting of the chair-

men of each local board of directors;

this executive committee to meet in

each local branch bank at least twice a year.

Such meetings could be

held either with or without the local board of directors, and at such executive meetings a careful review could be made of the business of each bank.
Of course each branch bank would deal directly with the parent bank in San
Francisco and in accordance with the instructions received therefrom.
It would seem that such an executive committeemeeting regularly in
each of the three cities, would bind the different communities together and
enable the member banks of this section to act in harmony on the many questions presented to them.

The system could be easily expanded, for whenever

a new city (for instance, Tacoma) was granted a branch bank, the chairman of
the local board of directors would automatically become a member of the

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Federal Reserve Bank of St. Louis

-2-

A. C. M.

•

11110

executive committee.
If such a plan could be ca-ried out, it would give elasticity to
the reserve system and make its advantages available in all of the larger
cities and their tributary towns.
I should grant to each branch bank the deposits and reserves

the member banks in its territory, and perhaps require as a sine qua non
of the establishment of the branch that the member banks would guarantee
that the branch would earn at least its expenses.
Thanking you for the full letter you have given me, I beg to
remain,

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Federal Reserve Bank of St. Louis

Yours very truly,

President.

OFFIC:
FILE NO.

A. C. MILLER

April 16, 1917.
Dear ISr. Lills:
Tour favor of the Jth instant iu at, ha.A., and I
am vary oorrw to learcl thct jou are still unaer the v(ea-t:ler.
It l'ias a disapfiointment not to have seen you in 3an Fraa0i300.

lour memorandum in behtlf of the establishmont of

a branch in Portland tau read. r.ad listened to with close
attention by myself and every memLer of the San Francisco
Board.

1 understand that the Board of the San Franoico

Penh will take definite actioa at its meeting tomorrow.
The facts developed at the hearings in San 'I'anci3co do1 think, very conclusively, that the Pacific
Ilor'.;heut could not be adequately 3erved by an agency or
aganoies, but required

'anci prepared to extond all of

the :acilities or the Poderal

eserve 3yr3tem to that ,C1C-

tiC,I, t.11,1 ,;ach, 1 do not doubt, will be the dettamlnation
in the matter.
... also feel fairly confiaent that at whatevor
poilit in thc ..:(;...L,,cz;t braach banng may be Anitiateil, it
/
1.111 spcorlily extend LI:z.olf to all of the three cities,
.,ortiand,

clattle, and Suekane, viM.ch 14ere repreucateJ at

the tirings in c,an Ilrancisco. \i-aan arrangement, similar
to LLat proosed and offered bd 7.okaue, under which the
2tate banks and trust companie3, membern of thc local

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

Mr. A. L. Mills

April 16, 1917.

- 2

clearing house, would come into the system, and the functions of tne local cleari-ng

cyuse, including clearing

house examination, be taken over by the Reserve Bank °ranch
(reimbursement to be made to the branch tor the expenses
of examination) I see no reason why we shouldn't go ahead
promptly with the organization of branch offices in all
three cities,

ach with its separate ranger and under the

immediate control of a local committee, but as an intgral
part or office of the Branch for the 2acific Northwest,
which would have a Board. of Directors composed of representatives from each of the three cities.

Tnis would insure,

I think a strong, compact organization with a healthy spirit
of local rivalry, and not handicap the head office in Ir.n
?rancisco with the many di:fiaulties that uould be incident
to the exercise of proper control over branches that were
too narrowly local in character and organization.

It is

to be expected that in due time Los Angeles, Salt Lake,
and .-perhaps other points in the District v.ill wish branch
bank services, and the problem of coordinatil these branches
with tha policieo of the head effice necessarily pre3ent9
difficulties that ought to be minimized so far as possi-!)le
through keeping branches operating in the same territoiv
iñi close touch with one another as well

in harmony with

the methods and policies of the parent bank.

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Federal Reserve Bank of St. Louis

It is possib],e that the Federal Reserve Act may

Mr. A. L. :alls

16, 1917.

be enended at the protheLt session of Congress so as to
simplify tlie opei'ati
branches.

at1 of6anization of Reserve Bank.

In that et,ce, ttie citu6.tion would pe nomewhat

modified.
Viti best wishes

or your speedy recovery,

believe no,

"incerely yoLrzl,

Mr. A. L. Mills,
First rationi Bank,
Portland, Oregon.

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Federal Reserve Bank of St. Louis

lib

11100
N9I553.
A.L.M I LLS,President.
C .F.A DA MS,Vice President.
H .L.CORBETT,Vice President.
E .A .WYLD ,VI ce President and Cashier.
B .F.STEVENS,Assistant Cashier.
A .0.J 0 N ES,Assistant Cashier.
B.COB BETT,Assistant Cashier.
E .R
H .B.DICKSON,Assistant Cashier.
J .W.BICKFORD,AssistantCashier.

OFPORMAILVD,0111EGO1:

• Air4WW April 9, 1(,17.
.„
Personal.

Mr. Adolph C. Miller,
c/o Federal Reserve Bcerd,
Washington, D. C.
My dear Mr. Miller:
I regret that owing to an attack of gout (a hand-medown from some sporting ancestor) I was prevented from going to San
Frnncieco and joining in the presentation of Portlendle claims for the
estahlichrent of a Branch Bank in thi.e city.

I am still housed, and

have not seen any of our r'elegation since their return; hut lest you
did not take back to Washington with you a copy of our argument, I enclose one herewith.
Whether established in Portland, Spokane or Seattle,
I would urge that the Branch Bank he fully equipped to handle the business of this northwestern country; let it be granted the use of the
capital and reserves of the member hanks of Oregon, Washington and Idaho;
let it he sufficiently organized to facilitate the transmission and collection of transit items of the district; and let it he empowered to grant
re4.iscounts to its member hanks without reference to San Francisco.

other words, the Branch Bank should owe allegiance to the Parent Bank and
be subject to inspection from San Francisco, but otherwise it should have

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

-2-

A. C. M.

quesi independence, somewhat as the Colonies owe

vilegiance to Great

Britainliutare permitted to control their own affairs.

What is not want-

ed is a resident agent ir nn office in some tall building, wig-wagging to
San Francisco every time a rerliscount is offered.

Better save this ex-

pense and continue the present unsatisfactory and inefficient system of
long r'istance banking.

Grant the powors I have mentioned to a Branch

Bank in Portland (aryl such I believe is the intent of the Federal Reserve
Act) and I am satisfiod that with the right officers and directors the
Branch Bank will perform a most needed service and earn its full quota
of dividends for the Parent Bank -- indeed the tail miiLht wag the dog.
It is reported in the press that an amendment to the Federal
Act may be propoqed by the Federal Reserve Board authorizing the establishment of an agent in each of our three large cities.

Don't do it.--

If any amendment ie proposed, create a Thirteenth District out of Oregcn,
Washington end Idaho with a capitalization of .12,000,00, or nuch amount
as our National Park capitalization justifies.

The "Old Oregon" Terri-

torivl motto was "Alis propriis volatr--Cive our Northwestern Territory
independence; estuhlish a Reserve Bank in Portland -- and ,
mtch us fly.
Regretting I did not se you in San Francisco, and with hest
wishes, I am

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

Sincerely yours,

(./
reqident.

•
•
ARGUMENT FOR THE EST.ABLISIIMENT OF A BRANCH
OF (21E-_,'

RESEaVE BANK

PORIILAND.

In presenting the argument for the establishment of a branch in

Portland of the Federal Reserve Bank of Jan Francisco, we first wish to review

briefly the statements made in January 1914 to the Federal Reserve Bank Organi-

zation Committee, Mr. Mcidoo, Secretary of Treasury, and Mr. Houston, Secretary

of Interior, for the conditions that maintained then are the same today.

At that time it was pointed out to the Committee that Oregon, Wash-

ington, Idaho and part of Montana, originally known as the Oregon Country, com-

prised a territory as large as the original thirteen states of the Union if Georgia

is omitted.

These states comprise an empire within themselves and, roughly, are

bounded by the Rocky Mountains on the east, the Siskiyou Mountains on the south,

the Pacific Ocean on the west, and Canada on the north.

The natural course of

railroad development is along water grades, and business follows such water

grades and railroad development.

You will note that Portland is situated at

the confluence of the ':Cillamette and Columbia, two great rivers that drain the

greater part of the inland empire which is so completely shut in by the ocean and

by the mountain ranges.

On the other hand, across the Rocky Mountain Divide where the water

shed is towards the Missouri, at once you will find that the trade qnd banking

connections are east instead of west.

When Portland representatives were at the hearing before the Organ-

ization Committee, they frankly acknowledged that there was not banking capital

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

r,
777,
7"
,

:
T
.ri

:11 s•,.1%/G IT,-

0{,

•

sufficient in this northwestern empire to furnish the necessary capital for a re-

serve bank unless the Government assisted by taking some of the capital stock.

the Government did not deem it wise to make such investment in a reserve bank located,in Portland, then our Committee were unequivocally for the establishment of a
reserve bank in Jan Francisco with a full fledged branch in Portland equipped to
handle the business of this territory.

In the presentation of Portland's case, large mass were prepared showing
this northwestern country with the location of national banks marked thereon; a
smaller copy of which we herewith hand you.

( No. 1 )

In addition thereto the Committee presented results of a Liuestionaire sent
to 960 banks in Oregon, Washington, Idaho and western Montana; 663 replies in all
were received.

Though many banks failed to answer all the questions, the following

were the questions and replies:

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

1. Mere do you maintain the strongest banking relations:
297 replied PORTLAVD
122
Seattle
It
163
Spokane
582
2. Where do you carry largest balance,:
208
PORTLAUD
140
Spokane
111
Seattle
459
3. What city do you look to for exchange transfers:
268
POHTLAND
135
Spokane
95
Seattle
498
4. Where do you look for coin shipments:
242
PORTLAND
135
Spokane
82
Seattle
459
5. Preference for Reserve Bank:
304
PORTLAND
135
Spokane
106
Seattle
545

-2-

.;74:;Tri:Te7f (cc,
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elm

:r;1T

nap

.rjj

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:

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T40 720I,LG JC

i.m-311-1T4.‘e7

311

Portland carries no balances in other cities of the Northwest, but

all cities carry balances with Portland.

The average daily balance carried with

Portland banks for the year 1913 was as follows:

By eattle banks
By Spokane banks
By Tacoma Banks

4620,000.00
269,000.00
321,000.00

In order to illustrate the result of this questionaire, we hand you here-

with map (No. 3) showing the preference of the country banks for the location of

the Federal 4Zeserve Bank as between the cities of Portland, Seattle and Spokane.

the same time we wish to hand you for study a nap (No. 2) showing the towns of the

Northwest where banks are located carrying balances in the city of Portland.
Mem

mom

mqm

MPOM

In brief, the above is the case as presented to the Organization Board,

and had it not been for lack of necessary capital, we were, and still are, con-

fident that a Federal Reserve District would have been established in this north-

western territor, %,ith a reserve bank located in Portland, Oregon.
imm.

mem

=mem

*mom

omm.

=mem

Supplementing the information furnished the Organization Board in January

1914, the Portland Connittee desires to present certain other facts that are of

material value in dour determination of the location of the first branch bank in

the Old Oregon Territory.

We say "first" advisedly, because our Oommittee believes that in time

branch banks should be established also in Spokane and Seattle, and indeed that

eventually branch banks should be established in every reserve city, as designated

under tl:e National Bank Act.

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

-3-

---;141-a15,71 pm.um

;074 cp.G.

1.&12

Fvz: toyfo:Aa:

Cr.LIG3 1:0

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.- 4 4

From the CoMptroller's Summary of Reports as of the call, December 27,

1916, the net bank deposits in the member banks of Spokane, Seattle and Portland

were as follows:

(Not including deposits of The Bank of California either in Seattle
or Portland)

1. Spokane
2. Seattle
3. PORTLAND

4 7,339,000.00
12,307,000,00
14,300,000.00

It is not necessary to draw any deductions from these fisures; they

speak for themselves.

The stock subscription made to the Federal Reserve Bank of San Fran-

cisco by the member banks of the different cities are as follows:

1. Spokane
2. Seattle
3. P0RTLI1ND

82,000.00
162,000.00
219,000.00

What comment is necessary when the stock ledger of the Federal Reserve

Bank she= so plainly that Portland exceeds Spokane and Seattle in the capitali-

zation of its member banks and in its ownership of the parent bank?

Not only in capitalization and subscription to Federal Reserve Stock

does Portland lead these other cities, but from the sane report of the Comptroller's

we find that in lawful reserve

Spokane carries
Seattle
PORTLAND "

vault and with the Federql Reserve Bank,

41i; 2,193,000.00
5,151,000.00
7,711,000.00

In other words, Portland carries more than three times the amount that

Spokane does and 50 per cent, more than Settle, and indeed more thqn Spokane and

Seattle added together. Is it to be wondered at that in the January trouble in Seattle

that l'ortland shipped to that city in gold 4;2,150,000, and to Tacoma 4;770,000„or a tetal

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

(11(LI: T7c1ITTI7Y2

7,11xT:;

oTr.:PoY. TL

tWITORJ3:

1310

41ra :7c4:

(Toe717.

of fil2,920,000.

:7x)TqL psDT:e o; !Th)o3f7=1

TeL4-.Imir

zarwv
Portland always has been looked upon as the sub-treasury of the

Northwest and in times of stringency or trouble, all the banks of the Old Oregon

Territory turn to our city for assistance, as was well illustrated even within

the last three months at the time of the financial flurry in Seattle.

In this

connection it might be of interest to note that between July 1„1916, and January

1, 1917, Portland banks shipped in coin from San Francisco (its source of suluply)

;i6,332,880, and during that same period, Portland banks shipped to out-of-town

correspondents the sum of .,:i7,443,220•65.

What better evidence can one have than

the figures just given above of the fact that Portland is the distributing point

to all the cut-lying places like Jpokane, Seattle and other toms and cities of

the Old Oregon Territory&

3omething may be said by others in regard to the total bank deposits of

the throe cities already mentioned, so the Portland Committee ,;.esires to call your

attention again to the Comptroller's Summary of Reports as of December 27, 1916,

showing the total deposits of member banks in the three cities, Seattle, Spokane

and Portland.

With the deposits of banks other than member banks, it is taken

for granted that you have no concern.

InSeattle member banks' total deposits were
It
It
If
II
If
•Skokane
I,
tt
Pt
It
If
PORTLAND

51,058,000.00
28,383,000.00
52,824,000.00

It is possible also that our friends in the north may mention Alaska

as an argument for the establishment of a branch bank in Seattle.

But it must

be remembered there are but three national banks in Alaska, one at Juneau, one

at Fairbanks, and one at Jeward, with a total capitalization of .,145,000

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

-5-

and

V" To'a.12 4 JL3C :-.J074-gP zs.r.

,T)WAU.T.01.1,•4:170;

ri7-4(7.

7,,oL

0!.

r.77

nr7
total deposits of 0.,901,000,

T.T-71:0TzrI
4fIQo h

c•',1•7

oLc=7:7

CT. •!;77...aETp-sse

of these

f7:Y6 :7;p1

are advised only one is a member bank ;

and that the additional distance between Seattle and Portland is negligible compared
to the great distance that exists between Seattle and these Alaska banks.

Should

consideration for this one member bank be a valuable factor in the determination of
a location for the Branch as compared to the needs of several hundred other national

banks?

In the statement furnished the Organization Committee, a resume of which

has been given you already, there was given the average daily balance maintained

in Portland for the year 1913 by Seattle bflnks and Spokane banks.

Supplementing
ii

that, the Portland Committee has compiled the average daily balitnce maintained in

Portland by these cities for the last ten years, to-wit:

By Seattle banks
By Spokane banks

y 583,286.00
359,794.00

EXcept possibly in cases of which the Portland Committee has no knowledge, Portland

maintains no bank balances with either of these cities.

Can anything show more

plainly in which direction is the trend'of business?

That you may have some idea of the volume of out-of-town business trans-

acted by the Portland Clearing House Banks, we beg to advise you that in January

1917 the total number of ou4-0f-town items cleared by our banks was 396,618, being

an average daily number of 15,254 items; or, to put it in another way, in the

month of January 1917, the Portland Clearing House Banks cleared out-of-town items

amounting to 453,561,543.54, being an average daily amount of 42,060,059.36.

It has been stated that a considerable factor in your determination of

the site for a branch bank would be the probability of such bank being called
upon for rediscounts.

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

It is difficult for our Committee to make any definite
-6-

po t-r

Ivcmpor.

r,c70

•-

' :";,7

'772,

3;crJq

•:!(;)'..T.N:Tc YT:.,-,;s4T__7';.7r." TT Ite4-21TIpTc, coTY7Lcs

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statement of how ncavily such privilege will be availed

f; but we fee

safe in

saying that the bills discounted for member banks by the branch bank will be

greater than the amount at present rediscounted for the whole Twelfth District

From the last four published statements

by the parent-bank in San Francisco.

of the Federal Reserve Bank of Jan Francisco, the amount of bills discounted for

members ran fruf:1 ,r164,000 to w273,000.

Now (not includin: a.ny rediscounts or

securities taken from the interior banks with a repurchase agreement) the amount

of direct loans made by Portland Clearing House Banks to interior Banks wore at

the following dates, as follows:

No.of
Banks

Oregon

Washington

No.of
Banks

Idaho

56 ,i'A,048,025.47

;404,237.78

1 45,000.00
;,

8, 1916

366,487.35

172,662.98

4.1

5,600.00

Sept. 30, 1916

303,656.35

53,762.98

10,000.00

Sept. 11, 1915
March

We do not expect that all of this business will flow to a branch

bank in Portland, but we do claim that a very considerable amount would be diverted

from our banks to the branch bank.

The principal reasons why the interior banks

of the northwest do not use the facilities of the Reserve Bank in San Francisco

more freely are, Time and Distance.

di 'fiault.

Effective, long distance banking is extremely

That you may have some idea of such distances, we desire to present

herewith a time table Obtained fr‘Jm the post office, showing the number of hours

between Iortland ad various points in Oregon, Washington and Idaho.

When you

think what a considerable amount of time is shown to elapse between such a centrally located place as Portland and many of these towns, you obtain knowledge of the

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Federal Reserve Bank of St. Louis

-7-

170

7„.,,,L'TfrTt3i1c4.

ELotr.gsT. 1.755.r

1,7,ovs

3:mr; to21,

1Y:14QEG:if: LcqTQCCIT"WT

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vast extent of our territory, and by inference, how much greater te time would be

between most of these places and Spokane on one fringe of the territory or Seattle

on the other.

In closing let me sum up briefly why we believe the first branch in the

Northwest of the Federal

eserve Bank of .an Francisco should be located in Portland.

First:

Portland has the best geographical situation.

Second:

By the Survey of 1914 Portland is te overwhelming choice of 663 banks.

Third:

By the Comptroller's December report the deposits of the member banks
with l'ortland are greater than 1.ith Seattle or 3po1ane.

Fourth:

By the same report Portland stock subscriptions to the Federal Reserve
Bank were greater than oeattle's and Spokane's o-J:t together.

Fifth;

By that same report the lawful reserve in vault and in the Federal Reserve Bank are three times greater than Spokane and 50 per cent. more
than Seattle.

Sixth:

Portland has always been looked upon as the sub-treasury of the Northwest, and even as late as January of this year was called upon to ship
to Seattle and Tacoma ;)2,900,000.00.

For,1

3eventh: In January, Portland cleared 396,616 items on out-of-town banks, an
average daily number of 15,254.

Certainly a branch of the Federal Bank

is needed to clear /)art of these items.

Eighth:

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Federal Reserve Bank of St. Louis

Figures presented show that a demand exists from out-of-town banks for
rediscounts in Portland that is not met by the Federal Reserve Bank of
San Francisco, and ‘Nhich in all probability would be as great if not
greater than the total at present of rediscounts for member banks in
the entire Twelfth District as shown by Federal Reserve Bank reports.

-8-

(;;I: 4,r)T9 C41"7Gn.'

po;:AGGv moia4.!

abo.1=mle on cimp

cys,

The records for the last ten years show that Jeattle banks have
maintained an average daily balance with Portland of :583,286, and
Spokane an average daily balance of 4359,794.

On the other hand,

Portland banks maintain no balances in either of these cities.

The

facts speak for themselves; in which direction the business flows
is plainly evidenced by these figures.

We thank you for the consideration granted and are satisfied that

Portland's claims will receive from you fair and full treatment.

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

Respectfully submitted,

(Signed)

A. L. Mills, (Per 0.3.L.)
Chairman, Special Committee
Portland Clearing House Association.

(Signed)

J. C. Ainsworth,

(Signed)

Emery Olmstead„

(Signed)

E. L. Crawford,

(Signed)

C. S. Loveland, Secretary.

Memo.
War Department division of Coast:
Portland.

Express rates.

-9-.

Los Angeles, San Francisco and

ELLISON D. %MOTH. 9• C,CHAIRMAN.
JOHN W. KERN, IND.
JAMES A. WOO:WAN. N. Y.
THOMAS P. GORE. OKLA.
THOMAS W. HARDWICK. OA.
PAUL 0. HUSTING. WIS.
ED. S. JOHNSON, S. DAIS.

HENRY CABOT LODGE. MASS.
WILLIAM P. DILLINGHAM. VT.
BOIES PENROSE. PA.
LE BARON B. COLT. R. I.
NATHAN GOFF. W. VA.
THOMAS STERLING. S. OAK.

BROOKS J. WI NGARD. CLERK.

?Aniteb Zfafez Zericafe,
COMMITTEE ON IMMIGRATION.

July 31, 1916.
Chalrman: Federal Reserve Board,
Treasury Department,
My dear Sir:
Upon the request of the President of the Chamber of
Commerce of Columbia, South Carolina, I desire to withdraw
temporarily from your files, data submitted by the allied
busIness interests of that city when Columbia was making the
fight to have one of the Federal Reserve centers located
there.

This data is desired for use in another matter,

and if you will ktndly deliver it to the bearer of this note,
I shall see that it is returned if you so desire.

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Federal Reserve Bank of St. Louis

Very sincerely yours,

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

ruble Ellison D. Smith,
„ontite,
:44.6ai4;
1 ton, D. C.
dear 2irt
la comliance with your written request and our
telephone conversation to-Uay, I take illettsure in 3unding you
herewith a brit I:ubmitted by 2.

7aylor ir the tatere3t

of ,;olumbic, :;outa Caarolinc, for the esttAalisLmant of c
Itegional Bank.

:lt....tion desired.
I Lruut this will give you the info,

Assittunt

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Federal Reserve Bank of St. Louis

(

RESER4E BOARD FiLE\

0,00,

July 24, 1916.//el

:Ar. James R. Kinsloe,
Executive Seeretary,___
Charlotee Chamber of Commeree,_
Charlotte, North Carolina.
Dear Sir:
Your lot or of July 19th to the Secretary of the Treasury_
asking that there be sent to the ahamber of Commerce, Ciarlotte,
North Carolina, data filed by the City of Charlotte in applying for
one of the Federal Reserve Banks, has been referred to this office.
There is enclosed copy of the mttor to Which I think you
refer, which has b an found in the files of the Reserve Bank Organization Committee.

Very truly yours,

Assistant Secretary.

Enclosure

041•011
•

RVE FlOMV)

1110Eiki

411410

awf4t/e/fa1li4
JAMES R.KIN SLOE

ar4tie;,A

2/2

i. Orerolgier
(

EXECUTIVE SECRETARY

July 19, 1916.

HON. W. G. LcADOO,
Secretary of the Treasury,
7ashington, D. C.

Will you be so kind as to have sent to the
Challiber of Commerce, Charlotte, North Carolina, the data filed by the City of Charlotte
when it applied for one of the Federal Reserve
Banks? The copy filed with your department
is the only copy we had, and we would like
very much to have it returned to us to use
for other purposes. It is doubtless indexed
under the naue of "Charlotte" or "W. C. Wilkinson," who was chairman of the committee
on Regional Banks.
With thanks in advance, and best wishes, we
are,
Very truly yours,
CHARLJTTE CHAMBER OP COLZIERCE,

Executive Secretary.
Dic-JRK/GFC

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Federal Reserve Bank of St. Louis

)

I. ILE

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Federal Reserve Bank of St. Louis

F;;_rs*,._
thl

January 5, 1916.

Dear Sir
In answer to your letter of i)ocember 48
you are advised that the date upon which the
nos of the Federal reserve banks were published
was April 2, 1914.

This matter is contained in

a roport which was re-puolished as an appendix
to t:le First Annual Report of the ?ederal Reserve
Board on page 210, copy oi which I have pleasure
in handing you herewith.
Very truly yours,

Secretary.

11r. Naaman Jackson,
Cashier, First National 3ank,
Logan, West Virginia.
Enclosure.

S. B. L
W. F

•

ON, PR esu DEN,

140

-------

69—'

ICE PRESIDENT,

1.-",' !

I:i

iJ4)ACK.SON. CASHIER
o;v,.BAIrrE. P;ISST.CASHIER
.
cs ic i L ., .4,,
..

FILE

First Nation0 Batik
1.40GAN,AVEST VI iz CAN IA,

Recerven
December

DEC 3 0 1915

eritTeighth, GOVERNOR'S OFFICE

Hon. Chas. S. Hamlin, Governor,
Federal Reserve Board,
Washington,

D. C.

Dear Sir:I will thank you very kindly to advise me the date
4

when the names of the twelve Federal Reserve Banks were
were published or given out to the public.
kindly in advance for t •

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Federal Reserve Bank of St. Louis

Thanking you

information, I

ery truly yours,

4/t/
Cashier.

.4'
g

fir

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Federal Reserve Bank of St. Louis

,o
Decanber 23, 1915.

4••••••••••••••.........

According to reports of t'ne Statistical Division,
the 1.1inneapolis Bank has discounted .471,000 of six
months azricultural per.

Secret:ay.

THE

lifiAtiD r
iAL RESERVE.
7,
*I

)

SEP 6 - 1917

0.11THWESTERN ILITIONAL BAI:K
t

December 14, 193.50
•

•

Edward
Decker,
Presidento

Er. A. G. killer,
Federal Reserve Board,
Washinuton, D. C.
Dear L:r. killer :I want to thank you very much for your cor,fidential information under date of the 2nd.

I wonder if the Board has not been a

little misinformed regardinc the attitude of the large Twin City Banks.
While some of the officers of these banks may have different o,inions
as to the Federal Reserve Bank, our experience has been that they have
all coe.eerated very heartily in its suoi)ort;

as an example - some two

or three weeks ago the State of Liinnesota was proposing to issue some
warrants payable in February, and the Federal Reserve Board save us authority to purchase them in largi: amounts. Cf course, they are very choice,
as the State has a

reat many millions of assets and no debts. All of

the large Twin City Banks stepped aside and allowed the Federa. ileserve
Bank to take these at 4p interest, when any of the. membr banks would
have been delighted to have had the warrants at a lower rate.
We all diC, this because we want to see the bank here prosperous and inking as =WA money as it can, and at the same time keep itself
in .)riike condition to take care of the needs of the district when occasion
arises. Some of the St. Paul banks were prime movers in t-eis action and I
thought it was very generous on their eart.
I speak of this so that you will see that they are interested
and vitally so, in the welfare of tais bank.

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Federal Reserve Bank of St. Louis

The St. Paul Pioneer Press quoted Treasurer John Burke the
other day as saying that the Federal Reserve Bank of Linneapolis had
never availed itself of its right to take farmers' paper on six months'
time.

do not know whether he was correctly quoted or not; if he was,

it is an absolute and unqualified falsehood, as he or ay other man
can
satisfy himself regarding if he will look up the records.
This bank has continuously and cheerfully taken farmers'
or agricultural paper on six months' time whenever it was presented
and complied with the law.
I speak rather feelingly regarding this because it seems very
strange to me that a man occupying the position of Treasurer of the
United States would dare to make such a statement in view of the facts.
I think the Federal Reserve Board should interest themselves to ascertain the truthfulness, or otherwise, of this statement, and then by
referring to their auditors' reports, satisfy themselves that it is not
true.
I am thoroughly in sympathy with President Wilson and his
party in the work they have done for this Federal Reserve systm although
a life Republican, and doing all I can to make it a success and it hurts
me to the quick to have the Treasurer of the United States making such
statements in )iublic. I trust he was misquoted.
I know you like the bare facts, so I ari atte. pting to give
them to you. I have a very high regard for you and your attitude toward
this work, and want to assist you in every way I can.

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Federal Reserve Bank of St. Louis

With kind regards, I am,
Very truly yours,
(Signed) B. W. Decker.

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Federal Reserve Bank of St. Louis

\ri•V....,BAL

V17_71BVE BOiV,10 i.iLl

September 14, 1915.

Sir:
In reply to your letter of September
11, regarding the selection of Cleveland,
Ohio, as the location for a Federal reserve
bank, I have pleasure in encloaing herewith
a copy of the Decision of the Reserve Bank
Organization Committee, naming the Federal
reserve cities and the districts to be served

by e?.cri.
Rarlpectfully,

Secretary.

M. Clyde Morchant,
Coshocton, Ohio.

BURT. CHAIRMAN

ISNER. SECRETARY

A. MADISON. TREASURER

41.

BELL PHONE MAIN 104

CITIZENS PHONE 645

The Coshocton County Dry Federation
HALL B'LD'G, JUST NORTH OF POSTOFFICE
COSHOCTON, OHIO

OUR HOMES FIRST
VOTE DRY

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Federal Reserve Bank of St. Louis

OUR HOMES MST
VOTE DRY

OFFICE OF CAMPAIGN MANAGER

•turday, September Eleven, 1915.

Secretary of the Treasury,
Washington, D. C.,
My dear sir:
I beg to make the following request.
I have a desire to learn the reason why the city of
Cleveland, Ohio, was chosen as the location for the
regional bank for this particular territory rather
than the other cities that were anxiously fighting
for and expecting to receive this bank.
My recollection of the matter is that a committee
composed of your honor and two others visited the
various cities and make examination into business
matter, etc., bearing on the question and reported
same back to the president or other board controlling the location of these banks. Vvoulo it be possible to secure a copy of such committee's report?
I am particuliarily desirious of learning why the
bank was located in Cleveland and not in Cincinnati.
Thanking you for a copy of this report or other information desired as set forth above, I am
Very truly yours,

iAIGN MANAGER

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Federal Reserve Bank of St. Louis

117:03

:!_arell 12, 1915.

Dear Li's Hiciw:Your lei:ter of :arch tenth came duly to
:land ana I ha7e taken pleasure in htvinc a
9rinto'.7, eo2y of the "Location

Reserve Dis-

tricts of the limited ::tatea" forwarded from the
Se:act° Docunent room to your address.
I trust that this will reach you. safelTr.
Very .;xuly yours,

-f..ofessor 'Frederick C. Hic27.3,
University of Cincinnati,
Cincinnati, Ohio.

— ,
UNIVERSITY OF CINCINNATI
COLLEGE OF COMMERCE

OthCE OF THE.

\•• , •

%1:1:L.

MV.

S•Ak\1
1.-

AN—McMICKEN HALL

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

Cincinnati, Ohio
March 10th., 191b

Dear 11,1r. Willis:
Is it possible wo secure for me one of
the copies or the brief, toprther with
accompanying maps, prepared in support of
Cincimaties application for .a 'deserve

You will recall that three sets were
sent in, one for each member of the Organization Committee.
As they were so largely
tne result of my efforts, I shall be glad to
have one, if it can be spared.
Very truly yoars,

Dean
Yr. H. Parker Willis
Secretary, Federal Reserve Board
Treasury Department
Washington, D. C.

H/T1.1

DWG

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

Da‘Aimber 11, 1914.

Sir:
In rep.4 to your request O
of t

De%Aolber 61.n, for coies

riofs iveztontod by St. Lo,41s

conneoLion vdth the

tec,tin,1::ny bcftre the Rel8erve Bank Organization
Comidttee
preliminary to the naming of the Federul
Reserve CiLioe,
yo:1 oLro

avd tat •Ula uffiee has no ooploJ lor
diutri-

The Law Reporting Cowpony, Number .4.15
Lroaday, New
York City, will rurnish cop.i.c:3 at the

o; 14 per page.

Respectfully,

Secret...1y.

Mr. M. D. Levy,
Cre Y. M. C. A.,
Columbia, Mo.

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Federal Reserve Bank of St. Louis

at,;
AJ

_42/ -f-ezt,
‘12z,
tyt-

at/tL;,
*20-

trt1
4g.7,

dit4/J;

'7't1V0"

;
t
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rrrA,4,-/

1_4/41.44

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

My de-3r Con,Lressman :

addre3sed t

HLnor,:ble Wiithu G.

klo0,141400e,

ing Vr. P. H. J. Daly who i3 intcrested in suj;c;catin3 a site for the F(dLral Reserve Bai:;. of

i.V

York.

In reIly you are !:i;ivised that thJ mat,ter
has been refcrred to Mr. Benjamin Stronii;, Jr.. Governor of tne Federal Reserve Bard,. of Ne77 York.

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

Uovarbor 2, 1911.

o
qr. 7m. Planllyn
Secrc4ary and Gfincral
The Busimss Ments Lontue of St. Louis,
St. Louis, nasmiri.

Your letter of Oet.,*cr

3th

cil2ly rocoi7c7d e aud

ffroid tilrLt with ovx prouwi
.prossure, of '7:ork
Trf,:11 loe liapo!;Sible to co;ply
time.

T 7011/d

r:)gunsL

oaf:zest, honlver, •Unt you try to WAin

thc caplets from the St. lonis Cite.
PospcoU'ally,

Socrotary.

EXECUTIVE COMMITTEE
CLIFFORD B. ALLEN
JOSEPH R. BARROLL
PHIL A. BECKER
H. M. BLOSSOM
B. F. BUSH
SAM D. CAPEN
MURRAY CARLETON
R. VERNON CLARK
W. PALMER CLARKSON
F. ERNEST CRAMER
EDWARD A. FAUST
FORREST FERGUSON
ANDREW M. FINLAY
W. J. FISCHER
EDWARD M. FLESH
PHILIP B. FOUKE
D. R. FRANCIS
F. GARRISON
H. F. HAFNER
MARSHALL IIALL
FLETCHER R. HARRIS
HARRY B. HAWES
RICHARD S. HAWKS
LYMAN T. HAY
W. 1). HEMEN WAY
FRANK R. HENRY
EDWARD HIDDEN
E. A. HILDENBRANDT
WALKER HILL
ALEXANDER HILTON
C. L. HOLMAN
CLARENCE H. HOWARD
C. D. JOHNSON
BRECKINRIDGE JONES
JAMES C. JONES
SAM M. KENNARD
F. H. KREISMANN
CHAUNCEY 1,A DI)

FREDERICK C. LAKE
W. A. LAYMAN
J. A. LEWIS
ROBERT McCULLOCH
GEORGE D. MARKHAM
W. C. NIXON
S. NORVELL
H. W.PETERS
JOHN E. FILCHER
EDWARD L. PREI..:TORIIIS
C. E. REDFIELD
GEO. A. ROTH
W. F. SAUNDERS
A. L. SHAPLEIGH
R. W. SHAPLEIGH
M. SHOENBERG
GEORGE W.SIMMONS
C. M.SKINNER
C. B. SMITH
JAMES E. SMITH
E. B. STINDE
CHARLES A. STIX
E. W.STIX
IL H. STOCKTON
GEO. J. TANSEY
LEWIS T. TUNE
T. W. VAN
FESTUS J. WADE
C. I'. WALBRIDGE
D. D. WALKER,JR.
F. 0. WATTS
ROLLA WELLS
CHARLES F. WENNEKER
THOMAS G. WHITMARSII
MF,'LVILLE L. WILKINSON
F. A. WITTE
WALTER B. WOOD WARD
FRED. G. ZEIBIG

The Business Men's League of St.
FOURTH CITY

—•
'riLE
,cqrg_ BON,

510 LOCUST STREET

a-v V0P`
PEN.
\-

PRESIDENT

M. SHOENBEFIG.. FIRS
JOHN.P
PHIL

A. E3

C. D, JO

KE .
ON

October 26, 1914.

0 VICE.

—VicE-PRE

FIET
.
I,LV4C-E-1
6RESIDENT

WM. FLEWELLYN SAUNDEp :
SECRETARY AND GENERAL 1441
::IVAGR

\4Nefr

Gentlemen:
Would it be possible to obtain a copy for
Business
Men's League of the brief presented by the St. Louis
The
Committee to the Organization Committee of the Federal Reserve
Board, akints that the Federal Reserve Bank be established in
St. Louis and shoving the reasons for the request?
Some charts and maps were included in these papers
of which we have no copies, and I should like very much to have
them for our files.
Very truly yours,

adA
Secreta

CC
Z:11

cc 91,
o 8\

OCT 28 1....31$

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Federal Reserve Bank of St. Louis

IDEN r

yvis.. TP4rASURER

Federal Reserve Board,
Washington, 1). C.

RECEIVEID
sG mlizi p

ESIDCNT

OURTH VICE-PRESIDKNS

PHILIFFOLJKE.
J. A.

CE-PRESI

R1S

•

JRGE W. LOFT
13TH 01ST. NEW YORK

aiepzi24,e/fritativi2/3, 91. 6.

Ofotrfre

6/Vcattivtitoi4, T.

October 23, 1914

Hon. William G. McAdoo,
Secretary of the Treasury,
Washington, D. C.
My dear Mr. McAdoo:Yr. P. H. J. Daly, who will present this letter,
is a personal friend of mine and is anxious to talk with you on
a matter of importance.

Any courtesies which may be shown

Mr. Daly will be deeply appreciated by

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Federal Reserve Bank of St. Louis

Yours faithfully,

ANSWERED

4-,

BCW:MW/I

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Federal Reserve Bank of St. Louis

Fa_RAL R:SERVE BOARD FILE

2cptember 2, 1914.

r
7ith referencc to your cP11 Rt the

office thip morning vren ipu left -= 1ettor
addresned to you by M. C. R. Rove

relative

tc tnnnte DocuLent 485, you !re ndvised tht
no testimony rlsr included in the Senate Docwont referred to.

mr.

ifl exrl-in vihy

Thj

Rowels testimony wt not riven.
Resrectfully,

Secretlry -ro

G.
Gilliland,
The Ch,Impinin„
rsrbingtpn, 4 C.

,,,aswirca,441X1,4,44.seiYONVIVAsit.eibtatiofrieiliki,A44stirole,<VtgiKer.a.Ctiv
,,,,,A.NAKtal......moicisw

tr,

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Federal Reserve Bank of St. Louis

tit)ARD

June 2411th, 1914.

Sir:
The Reservo aan!i Organization Committee
has the honor to rIckno4ledzo the receIrt of a copy
of the Resolutfon of the House of RepresentaUves,
dated April 15, 1914, which reads aA follows :
* nESOLV2D, That the Or.,wization
Committee of the Federal Reserve Board
be„ and it i's) hereby, directed to send
to the Nouse of Representatives the ballots, or a tabulated statement thereof,
cast by the various National Banks of
the United States to determine their
choice for Reserve cities accorditv to
a request made to said banks by the OrTanization
Co-1 ittec of the Federal Roo
•
serve Board. "

In compliance therewith, t'-,ere is herewith transmitted the inforvrition called for.
Respectfully,

41111.

Reserve Bank Or;Lanization Cor;71ittee.
To the Speaker,
House of Ropresentatives.

a•

•

, TIT C
4,

JAMES M. BAKER.
SEC ET

b ,,takez Zenate

BOARD ME
Rrc_SERVE
FEDLRAL

OFFICE OF THE SECRETARY.

May
Way 18, 1914:
Gentlemen:
have the honor to acknovledge the receipt of your letter of
April 24, 1914, transmitting, in response to the resolution of the Senate
of April 14, 1914, the following described papers:
1. Copies of briefs, as shown by the list attached to your letter,
and written arguments presented to the Reserve Bank Organization
Committee by representatives of the various cities asking to be
designated as Federal Reserve cities.
2. An analysis of the poll of ho votes cast by banks expressing the first, second and third choices of the respective banks
as to the location of the Federal Reserve hank, classified to
show the result of the vote taken by States, by Cities applying, and according to Districts as defined by the Committee.
3. Copy of the decision of the Committee defining the Districts
and designating the locations of the Federal Reserve Banks.
4. A copy of a statement of the Committee dated April 10,
191/1.
The communication and accompaniments

will be laid before the

Senate.
Respectfully,

Secretary:
The
Reserve Bank Organization Committee,

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Federal Reserve Bank of St. Louis

Treasury Department:

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Federal Reserve Bank of St. Louis

)
11._
\3.,M.
0
Cl-r:t
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------,----.0,6;.•:'
s
.__------

April 28", 1914i

The eserve dank Organization Committee has the
honer to acknowledge the re:eipt of a copy of the resolution of the Senate,datsd April 14th, which reads as fel'owe:
"RESOLVED, That the Organizatlen Committee
of the Federal riestAlro Board be, awe it is
directed to send to the Senate C0,3 of all
briefs and written aramente nada by each city
app1yin6 to the Organization Comittee for the
location of a Federal reserve bank stoLether with
the roll of the banks and the reaeons relied upon
by the Organization Com.-.ittee in fixin_ the boundaries of the Reserve Districts and locating the
Reeerve cities."
In compliance therewith there is tr.nsmitted herewith:
Copies of briefs, as shown by t1c list attached
1.
hereto,!end vritten argum,nts presented to the Committee
by representaeives of he various c3tiee Askin to be
designated as Federal ResA.ve cities.
2.

An analysis of the poll of the votes cast liejbarks
expres3ing the firet, second and Wrd choices of the
respective banks A3 tO the location- of the Federal
Reserve aank of thair district claseified to show the
result of the vote taken by Steetes, by Cities applyinz,
and aucordie;
. to Wstricts as defined by the Comeittee.

A cop: of the explanatory statement of Aeril 10th,
1914, showing some of the more imortant factors cneidered by the Committee in reachini_; its conclesion.

The resolutioe above referred to calls for only a
part of the evidence before the Comittoe, namely: briefs
and written arguments filed by the various cities and the
poll of the banks.
In order that the full record may- be
availableor such parts of it as the Senate may desire

-2-

)zony of
th,..re is attached hereto an index of the tosti
the
at
ttee
tic witnesses appearing beforo the Oonmi
and
its
exhib
hearin,p held, together with an index of
hearthe
papers oth.r than the regular briefs filed at
or,:pns,
ings or '::!th the Committee by various individual
izat3ons, etc.,
e's request, the
To expedite complince with the Senat
filed in dupprinted and tgrewritten briefs and ar;uments
nittod. In
trana
licate or triplicate iith :Ale Committee are
by
filed
were
zone instances briefs or ritten ar.;umunts
s
citie
in
of
certa
individu-ls or or6:4nizationo on behalf
ribed
de-)c
are
which are not here ith tra xlitted, but
in schedule attached.
f
involve 3010.0 delay to make co
the
in
file
on
al. of such records, arguments and briefs
red
refer
index
ve
the doscriti
office of the Cormitteet
deation
to is at'..ached in order tha',, any further inton
such informasired may be specifically called for, and
tion will be prom:tly furnisht,d upon request.
A3 it will

Respectfully,

Reserve dank Orj,anizat:on Co. ' ittee.

To the

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Federal Reserve Bank of St. Louis

Presidert of the Senate.

se
Jo 1
April 28, 1914.

Ey dear Jr.;

Jones:
Please let no thank you for your

letter of the 17th of April, with enclosure.
see no objection to the publication

the Sun which yeaompanielyour letter.
Believe me, with kind regards,
Sincerely yours,

Julian S. Jones, Esq.,
608 Equitable Building,
Baltimore,

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Federal Reserve Bank of St. Louis

co'

TREASURY DEPAF?
WASHINGTON
OFFIlek O.r
COMPTROLLEFC OF THE CURRI.Nt:se
Ar.f.,(3,2 ForN'Y To
CliP.Ftt.C•t —

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Federal Reserve Bank of St. Louis

thoY

VE.DONt..

ROBERT L. OWEN, OKLA., CHAIRMAN.
GILBERT M. HITCHCOCK. NEBR.

KNUTE NELSON, MINN.

ATLEE POMERENE, OHIO.

JOSEPH L. BRISTOW, KANS.
COB I. CRAWFORD. S. DAK.

JOHN F. SHAFROTH, COLO.

GEORGE P. MC LEAN, CONN.

HENRY F. HOLLIS. N. H

JOHN W. WEEKS, MASS.

JAMES A. REED. MO.

BLAIR LEE, MD.
JAMES W

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Federal Reserve Bank of St. Louis

BELLER, CLERK.

RE.SE.R\IE. BO WO

UNITED STATES SENATE,
COMMITTEE ON BANKING AND CURRENCY

Jud,71? :1. C. Elliott,
Reserve Organization Committee,
Treasury Department.

dear Judge Elliott;
Senator Owen would like to be advised as

to the names of the banks in southern Oklahoma which requested
to be attached to the Dallas district.

Banks in Couthern Oklahoma flaring Dallas as their first choice for a
Federal Yeserve City.

Bryan County:
First Nt. Bank, C9lbert.
First Nat. Bank, Fenefic
Durant rat. Bank, Durant.
First Nat. Bank, Bokchito
First Nat. Bank, AChilae

L'arshall County:
First National Bank, Toodville.
First National Bank, Yingston.
First National Bank, Aylesrorth.
Pittsburg County:

Carter County:
State National Bank, Ardmore.
Choctaw County:
Huy National Bank, Hugo.
Coca County:
Lehigh Nationel Bank, Lehigh.
Garvin County:
First Nat. Bank, Pauls Valley.
Greer County:
City National Bank, lionise
Jackson County:
First National Bank, Altus.
Jefferson County:
7irst National Bank, Ryan.
Johnston County:
First National Bank, Milburn.
Tishomingo Nat. Bank, Tishomingo.

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Federal Reserve Bank of St. Louis

First National Bank, Viowa.

5030.

FRANK HAWKINS,Rncs,
JOS. A . M e CORD,Vice-PREs.T.
J N 0.N.GODDARD. VCE-PREST.
JNO.W.GRANT,VICE-PRS.T.
THOS . C. ERVVIN.CAsutER.

4.ek,AsroxAisAraQ00a

•
RR W. BYER S. ASS-r. CASHIER.
A.M.BERGSTROM, As
. CASHIER.
W. B.SY M MERS. A8S.
80..4 eat.
A J.H ANS
L, ASS',
SHIER.

1914

Hon.Jno.Skelton Williams,
Comptroller of the Currency,
'dashington, JJ.C.
Dear Sir,A discussion has arisen among the Banks
of this City as to whether Atlanta automatically
becomes a Reserve City by reason of the designation
.as the City for the Federal Reserve Bank.
I have maintained the position that the
Resolutions passed by the Banks,members of the Clearing House,sheuld be filed in your Office,in order to
name Atlanta as a Reserve City,operating under the new
Federal Reserve Act.
Other bankers here contend that automatically
we become a Reserve City,by reason of the establishment
of this City as a Federal Reserve Bank city.
I write to know which is correct. If it'is
necessary for us to file our Resolutions,we have them
already prepared,and now in the hands of Senator Hoke
Smith,with authority to file them when it becomes necessary.
If we become a Reserve center automatically by
the enactment of the Federal Reserve Act,then,we iould
like to know that,because we have several banks in the
country who want to establish relations with us,provided
we are a Reserve City.
' I will thank you to telegraph us on receipt of
this letter,at our expense,which is correct,obliging,
Yours very truly,

11)

JA1:"..c/H

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Federal Reserve Bank of St. Louis

Vice-Preside

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Federal Reserve Bank of St. Louis

4111/
2.000.000
SURPLU

1111112.000.000

/
DOUGLAS H. THOMAS
P1ESIGE,NT
JOHN

B. RAMSAY,
VICEAPRESIDENT
CHAIRMAA OF THE BOARD

yffirrdfant0 rtitattio Natio-nal -Igatth

/
WILLIAM INGLE
VICE PRESeft)
JOHN

o/.

D. H.
DUNNt
c As

CHARLES HANN'
,
7
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Ass
6(
J. CLEVELAN.
//
ROBERT AlkE

xt
I

;Altai-nom
Apriighteenth,
Nineteen Fourteen.

Hoe. John Skelton Williams,
Comptroller of the Currency,
Washinge,on, D.C.
Hy deer

r. Williems:-

Followin4 my formel acknowledgment to you under yesterday's data of your very kind and full letter of the 15th inst. I
beg to be permitted to more fully discuss with you the several
points raised ic your communicatioe in their relation to the
lerger general proposition to which they ere related.
While we people in Baltimore in presenting our case before your Board did not lean in the slightest degree upon sentiment
or other personal considerations, we would be less then human did
we not feel that everything else being at least equal the matter of
sentiment would not altogether hnvo been dismissed as unworthy of
consideration. In cordially assenting to and heartily cooperating
with the purposed of the Administration, the nttitude of its friends
in ::aryland is well known to you, as also the further :net of the
altogether unselfish hut consistently helpful interest of vary many
of them in offering constructive criticism of a measure which it now
seems is to be the instrument of our very undoing. Please always
have in mind that in talking or writing I aim to be strictly impersonal and desire only to discuss economic and banking 4uestions in
their relation to the new law. Again it is fair to say that nothing
is further from my purpose then to quarrel with Richmond or its
people who deserve only commendation for the most excellent manner
in which they conducted their campeign, and who personally and in
every other way are so close to Baltimore. As a matter of fact as
someone has said, it is likely that we in Baltimore have luite ns
many Virginia people as has the city of Richeiond and both of us
know that particularly in the llrger fields of endeavor the residents of your State are numerically and otherwise among the most
forceful factors in our own population.
In presenting our case which as you know was among the
first heard by the hoard, we deliberately made an election between
two methods,- one in which we could have brought to our eid persooel end political pressure supplemented in the emplc77771 of proptTrird71-74T-777176
.7T7—us6"T tee connection with the advertisement of
matters of lesser importance; the other and the method we determined te adopt, the presentetion of facts and figures in what was
intended to be n husinlike manner and a full rerTerti upon them.

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Federal Reserve Bank of St. Louis

Hon. John 3kolton Williams,

No. 2.

You, of course, understand that in offering our testimony I do
not
believe that we presented any facts or figures which suggested that
we felt ourselves to be rivals of any particular city
or section.
In other words we sought to present only positive testimony having
to do with our own situation. That our attitude as well as our representation was at one tine entirely appreciated by the Board was
evidenced by its expressions to such effect as gathered from the
stenographic reports. We, of course, were aware that other cities
were following different line of action, but In view of the Board's
expressions we felt thnt our then present course was not only more
than justified but dignified and that to change our method of
procedure which we were pressed to do from many directions would reallyprejudice our position.
Of my present relation to the situation it possibly is
proper to say that it is altogether impersonal and as a matter
of
civic pride the least our people could expect from one whom they
know to hnve been partly responsible for the program adopted. I
have consistently avoided personaities or the imputation of improper motives and have endeavored, may I say, with some measure of
access to see that our discussion and protests of the action of the
Board have been handled with propriety.
Your letter makes reference to the report appearing in
the Baltimore Sun of my comment upon the action of the Board.
At
about 5.30 P. M. on April 10th the Sun Office called me at my home
to say that the Board's announcement of 'het date had been made in
Washington and that at 8.30 P.M. the matter would be in Baltimor
e,
at the same time asking me to comment thereon. I made reply
that
it would obviously ho impossible for me to attempt to discuss a
matter of such sort over the phone, but that if someone from the office
would care to call at my house with the matter I would endeavor
to
run though it and make such comment as might appear to me to be appropriate. This course was followed and the result was my interview which was not token down by a stenographer or otherwise prepared but reflected my spontaneous thought as gathered by a reporter. It is perfectly fair to say that while very naturally much
that I said was omitted the report very accurately indeed gave my
judgment of the matters to which it refers. The particular point
Which I sought to impress upon the paper was that in my opinion the
judgment of the Board as it appeared in its opinion of April 10th
was unfair, for the reason that apparently controllinfs stress was
laid upon banking fiRures and National Banking figures together
with, may I say, 1.00
11............521
.=A21....._smedeisolrlarannow made by banks
in District No. 5, ult.:LAO ns far as I can recall the law itself
says practically nothing which would suggest that such consideratioes should ilnve welp. , although the measure in in single directory clause referring to the laying out of the plan does say
that full regard shoull be hqd foLIhe normal rrl mn
ant
of trade and commerce. While I am aware -Ault bank figures reflect
ni-T5777771177117F-tovement of trade, such figures when taken by
themselves are in my judgment altogether valueless in determining
what is or is not the actual trade volume or value in which any

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Federal Reserve Bank of St. Louis

fita

Hon. John Skelton Williams.

No. 3.

particular coemunity may be interested.
It was this particular
point upon which I laid constant and the greatest stress in my entire talk and our protest is based upon the same grounds.
In discussing the Board's reasoning I followed it in the
order in which it appears in the opinion, and in criticising deductions made from banking figures I did so only as they were related to the main problem i. e. the relative importance from the view
point of trade and commerce of the cities of Baltimore and Richmond.
With this controlling thought still in mind may I respond to the
several points raised in your last letter and in the order in which
they appear therein.
Please boar in mind that we now are dealing
with the business, commerce and banking of District ho. 5 as outlined, and not with the trade of a hypothetical district not yet
defined. It is altogether mitural that in sane lines at least end
in the smaller miscellaneous way Richmond's trade relations with
that part of its own State South of Fredericksburg but exclusive
both of its Tidewater Counties and the Shenandoah Valley together
with the two Carolinas may be more intimate than are the trade relations of Baltimore. On the other hand and, of course, dealing
with District No. 5 as outlined the trade relations of the excepted portions of Virginia as indicated, of the Northern two-thirds
of the State of West Virginia and the State of Maryland are qui
as obviously more closely related to Baltimore than to
.
It would, therefore, seem that the question of abst ct propinglielx could hardly be a matter of any material nportari7T—Trl
sinTition un which the two cities were fairly well balanced if indeed such a question bears any relation whate-ve—
r -f.,o ne general
subject.
Extraordinnry stress seems to be laid upon the expressed
desired of the banks in District No. 5. Here again as before suggested such preferences in my judgment hev
o hin whn ever to do
with the case. Haying been accepted, however, as evidence
e -oard
TIT7r777"rrrrima facie testie ny as being altogether conclusiv(!,_
whereas it sure y wnYuTly understood that a gruum-n7777-7771Tese
expressions did not reflect business judgment or actual preferences
but were given under pressure as the result of appeal to State or
sectional pride. This I know to be the case for the reason that
after receiving many early commitments in favor of Baltimore from
the State of Virginia the banks making them later asked their recall frankly giving the reason that pressure had been so strong upon them and for the reasons indicated, that they were unable to bear
it. Even now and altogether unsolicited or suggested letters are
being received from Virginia Banks taking exception to the designation of Richmond to the disruption of their usual trade and banking relations.

The poll made by the Board was taken, as you recall,
late in the uoceedings and after all of the missionnry work resulting in change of preferences had been undertaken. The obvious thing
happened and the result indicates in my judgment nothing whatever of
importance as bearing upon the main question at issue. Once more
we all know that not only of the North Carolina propaganda but of

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Federal Reserve Bank of St. Louis

fkiq
•

Hon. John Skelton Williams.

No. 4.

that employed in South Carolina of a somewhat different nature and
based upon the fear of assignment to the Atlanta District.
We
therefore, object to the inclusion in the testimony of nli evidence so procured.
The question of relative o ulation
utul also has
in my opinion not_hlaz_Lhatevr to do wi
the c sqp Commerce does
not know
:frilAion under discussion we have only to consider a distinct entity, to wit, District Io. 5. The fact that the State of Virginia owns population
of 700,e00 in excess of Maryland and the further fact that Virginia
in the aggregate shows National Bank figures in excess of those of
Maryland is also not at all germane but is possibly only another
way of saying that Virminia n einm territori1. 11 four times the
••
• C
size of Maryland has not ro or .14
is
say
not in criticism of irginia but simply as a matter of fact, as in
view of all of the circumstances our sister State has shown wonderful recuperative power since the time of its desolation. At the
same time it occurs to me that it is altogether unfair to plead
the presence during the past ten years of such recuperative power
fifty years after the close of a devastating war, and use percentage figures of development to suggest that such development is possibly altogether normal and is to be expected to indefinitely continue.

state

tvt-narArTrtfrartr

In Maryland there conditions have been comparatively speaking more stable for a much longer length of time our growth has been
what might have been expected in a community more or less settled
politically and financially. On the other hand and in the presence
of agricultural prosperity during a ten year period it would have
been very strange indeed had not Virginia and Richmond Shown a very
much fuller development in percentage than Maryland or Baltimore.
One hundred percent of $3,000,000. in a large situation is not a
very great sum as measured nowadays although the percent-ge proportion is impressive. It would be as fair to argue that some
lttle interior one bank town owning a population of two thousand
people and having bed five years ago a bank with n capitol of
is25,000. should be entit]ed to special consideration in a large
question simply for the reason either that a single bank had increased its capital 100°A or that another bank had been organized
with a capital of $25,000. Such things are all relative and have
weight only in so far as they may check up with e full situation
and its larger problems.
while I am aware that it was natural to lay special stress
upon the analysis of National Bank figures. I do not see anything
in the law which suggests that they alone shall enter into the case
upon which judgment must be given.
The new law is intended to be ultimately most comprehensive in its working and was enacted for the benefit of trade and commerce and not even banking as a whole. I imagine that many people

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Federal Reserve Bank of St. Louis

Hon. John Skelton Williams.

No. 5.

would have thought it fairer if the Commi
ttee thought it wise at
all to lean so heavily upon banking stati
stics, to have made comparisons between figures referring to banki
ng operations of all kinds,
whereas while the Board's dispatch mnkes
reference to such complete
figures its tables and its 7eneral discu
ssion have to do almost entirely with the -ational Banks; for exact
ly the some reason all comparisons made between Loans and Depos
its of National Banks would
appear to have little rrIgTIoEe'di
scussion.
Bank cepitel
proper as you know is nee1t
•
f rded the d osi.ing
R1,11111,F and just so long as capital prope
r bears reasonable re ation
TZ-Tnbility of nil kinds, the fact
that it shrinks or grows is
24:11.9.174xij2lzuLAalullssls_ In the matter
of deposits of
nmung i,s itutions of n11 classes
and possibly also in their development even under conditions above refer
red to, Baltimore is so
far ahead of our sister city to the
South of us, that it would seem
to be altogether unnecessary to discu
ss this particular point.

In my newspaper comment I was discussing
the Board's pronouncement of April 10th in its relat
ion to the general subject and
of course without reference to certa
in tables mentioned in the first
paragraph of your letter on Page ..2.1'the
existence of which I knew
nothing. Again the per cepita in-e'er/9st
of population in either Capital, Deposits or Loans has hardly very much
to do with the situation. Baltimore is a large city and aside
from its very great negro
population of something, I believe, like 120,0
00, it has within its
orders a very great number of mechanics and
laborers and for the
reason that we nropor
21=LaLT_EaallfactuElyla_en-,,
tionnt%42
.
terprises than has 0.-Amond in consequenc
e per capita -CWM171-Iions
rrfirr:MITTI-VrirTr77576
annlysie of other conditions closer
related to the question and further as
far as I can see bear no
particular relation to the relative impor
tance in trade and coram77Ce of any
You refer to our great Mutual Savin s Banks
as being
neelir") •5 n
titles in discussing banking propos ions.
As you
ruly state these Institutions do not
buy commercial paper but
from the view point of the large question
under discuesion they
perform most valuable and equivalent servi
ce in that they in making
their itivestments in bonds, securities
and collateral loans relieve
the National and other banks of the neces
sitr of so investing their
funds which are thereby released for
the use of trade. As an abstract proposition, however, I fail t
.
2
...(11.1.1,Lng,lyialvisrv clearly
the difference between a National Bark makin
g a six months' loan
(7-7177666777a merchant in North Carolina
or a Savings Bark purchasing $50,000. in bonds issued upon a
Railroad, Public Service
or Industrial corporation in South Carol
ina. In both situations
contribution is made to the trade and indus
try of the section in
which the investments are made. As
a matter of fact probably oneheld of all of the investments held by our
1-avings Banks are upon
Southern security.
The Committee JO dealing with the situation makes
reference to the "Southern States."
I imagine that the average individ
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

•

Hon. John Skelton Williams,

No. 6.

ual anywhere in the country in speaking of the
"Southern States"
remembers that as learned in all geo-rnphies as followed
up to a
few years ago that the list began with Maryland. He probably
is
not aware of the fact that official Washington in district
ing the
country includes Maryland with the Middle States and that
the most
Northern State of the South is Virginia. Without such explanat
ion
it ie possible to draw improper conclusions from the statemen
t that
Richmond loans a certain sum in the Southern States including as
indicated Virginia mld this taking into the account all
local Richmond loans as against Baltimore's contribution an a riddle
State to
the interests of the same section.
Of course it was to be expected that Richmond pnricularly in the. four or five months of
the year following November wauld show in dollars n greater investment in the Carolinas than should Baltimore. The ,ELL.9.11.11
.12...Ax4_in
the immedi,
'
in wilich it cont.laujIllx.AAAA,1414441w4gL,
for o vious reasons. In viewingTM7Ict No. 5 as a whole would
it not be pertinent to use also other comparisons, as for instance
how much does Richmond loan to the Shenandoah Valley, Tidewater
Virginia, Jest Virginia and Maryland,and not lay dominant stress
upon its dealings with territory to the South of it?
You refer to the fact that Baltimore is a reserve city
while Richmond is not , although the Board's brief in comparing
Bahl( balances held by Richmond compares with it Washington and New
Orleans but not Baltimore, our city probably holding two and a half
times as much in bank bnlances ns does Richmond.
It goes without
mying that a part of suc bnlnnces are with us as reserve but the
fact remains that this is far from being the only question involved
.
The prevailing rate paid in Baltimore on bank balances is
where
interest is paid at all and two or three banks paying more
do not
advertise the fact. I am now speaking only of National Banks,
of
course, in talking of reserve matters. On the other hand
my impression is that the Richmond Banks pay 3% and on Sayincre.WAA4lx
Whether these figures are the limit I cannot say. Of the
geographical position of the two cities I can only add that none of
us at either point can be held responsible but here again the point
raised in relation to the operation of the law itself is of minor
if not negligible interest.
The barks when in operation will deal
only with member institutions and certainly until after some time
when plans are further developed will clear only checks on member
banks.
Obviously it will be found that the Clearing House as we
now all know it wili be abandoned as checks on member banks will be
cleared automatically at the time of their receipt by a reserve bank.
As a prnctien1 matter it can make no possible difference
or cause the loss of time(speaking in terms of days) whether
a letter for instance from Charleston, S.C. reaches Richmond at 6
or Baltimore at 11 A. M. as in both cases the contents of such
letter would be cleared on its receipt which would be the day followin
g
its dispatch.
In other words as far as the handling of business
on the day following its dispatch from any point in District No. 5
it would have as prompt attention in Baltimore as in Richmond.
You

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Federal Reserve Bank of St. Louis

•

Hon. John Skelton Willi ems.

No. 7.

observe I am making no reference whatever to Maryland or the upper
part of West Virginia and other portions of the District ir which
Richmond will be under the same handicap ie its relations with them
as we obviously must be as a matter of geography in our relation to
points ienu:edintely South of Richmond.
In presenting our case we naturally had in mind the limitntion of a certain district in which Baltimore always lies been and
will be closely related and our entire arnment was based u
a:s ueli orLlir t su
,c11
,
g drA'z
lit i'ert "
..4.'',,
rr ,G,
_for m
..
ally be the onle 01 t within
J- s which could be seriou.
7
317-ee - A,„ ,..-.---- eep, con e id e r ed _ae .ele see,, o n reserve bnek frcin
-trirview pent-14T the
iAgriA' of the act itself.
I cannot nor would I withdraw a single sentiment from the
clause quoted in your letter from our brief first for the very practical reason that I myself wrote the clause, and again for the reason
that I think its thought still to be sound. Please beer in mind,
however, that all of it wes predicated upon the assumption that
Baltimore would be designeted the seat of a Reserve Bank and that
in such connection our City would still continue to serve our long
time friends. Nothing in my thought suggested that it w-s intended
that Baltimore should be so served by any city within the limits of
the territory suggested by us as being appropriate to our situntiom.
I am aware that the law cannot really distort the movement of actual
trade and commerce and that in consequence Baltimore as it merits
will still continue to serve its natural trade territory but upon
the announcement of the selections made by the Committee it was
quite natural that very many people objecting for the reasons indicated and for many others to having the banking business of our community subserve the interests of n city _ore-fifthof. tsizebegnn
to consider the advisability of asking -077-171
ried
- 7777 -TT-57to the Philadelphia District for two reasons; first that our business in being cleared through a City larger than is ours we would
not have the same right to raise objections and seconq,thet as the
discount rote in the Northern District would likely be somewhat
lower than the rate prevailing to the South of us, the large business of Baltimore would be seriously handicapped. This latter
con_
siderntion we were prepared to waiye
4,94.44.444;44izz_lon
. which would have been afforde( us n obtaining the designation.
ee;*.e.t.eeee.ete..,,r,..ee•
I might add that the discussion of the Philadelphia situation was spontaneous and from business people rather than from bankers and further if you will permit a personal suggestion that I as
a matter of consistency have -lone nothing whatever to encourane it.
In conclusion may I offer a few thoughts upon the main
point upon which we felt that the Board would base its judgment.
We felt that the relative importance to trade and commerce of several cities of the -ountry would have paramount weight and that n
diecuosion of minor considerations were only for the purpose of
learning just 11-67-1717-7=-c-T5Trieretions were related to the underlying principle. I believe that Richmond claims an annual job-

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

hon. John Skelton Williams.

No. B.

bing trade of $80,000,C00. In Balt
imore I am sure I can pink out
the names of twenty large jobbing hous
es which together distribute
as much, nnd of w] ich more than one
half goes to the South of us.
Richmon0 claims a voluriie in manufacturin
g output of $100,00°,000.
I believe that the last United Stat
es Census report gives Baltimore
something like 265,000,000.
No matter from what angle one approaches the question
trade end commerce it wouad be
impossible
it seems to me to escape the conclusi
on that EaltirAore is so greatlysuperior to any City in District
No. 5 as to really almost compel
preference end that too without inge
nious figuring or arguing or
apologizing for a comparatively poor
showing in possibly two or
three linos selected from amongst the
many entering into the varied
interests of our city.
I fear that my letter must already have
tired you and ry
apology for its length must be an hone
st desire to have you know
my mind in response to the points
raised in yours to me.
I have endeavored to be reasonable in givi
.g expression
to my thought and to avoid over-statem
ents. We feel that out City
has been sorely injur-d in the eyes
of the world and you, I em
sure, would have no respect for me
did I not join with our community in seeking +o have our case re-opened
when in the light of future discussion and in dealing with
a concrete situation as determined in the outlining of District
No.5 we would hope to so impress your Board as to cause it to
alter its opinion and judgment.
If, however, in t!'e presence of such
a re-hearing it can
be shown that c:ith section 2 of the
law as its sole guide Baltimore
cannot prove that in respect to its
trade and commerce and consequent flow of exchange therefrom it does
not dominant the business
of its District, we shall be greatly
disappointed.

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Federal Reserve Bank of St. Louis

Sincerely

rours,

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Federal Reserve Bank of St. Louis

•

•0

April la, 1914.
My attar nr. Hill:
hvo your lottor of tho 15th insit.Ant,
and am vory r;lad to hr thnt tho Ormnization
Corvill;soto lootelion mot

tho wrowa of

wolh an :
,17porloilcod ftlancior as your p;ood

thny thanho for your invitation t(7 bo.
your cuoat in St. Louis.

Tho thotat is tampt-

ing, but it is impossible for Lla now to say
ahon I will bo able to cot thlt f'Ar qoa
. . .. •
hoadluartcre.
With kind rilcards,
Sincerely youro,

(Si!Tned) J. S
Ualhor Hill, Eel.,
Prosictent„ Uochunice-Arderican 1Tatiom3. Banh,
St. Lois, Missouri.

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Federal Reserve Bank of St. Louis

•
•

3ott
April 17, 1914.

Ity dear Com.tor:
hays your lettcx of tiv:: 16th instant,
ilith otwtod 3nc1o6tAro.
t::!A it ia t:Ao 07.1)eattion
I .:21%=mo
of your !Aics.hin iriondo to bri:v the mattor in duo courna to the nttention of the
Fedoral aosorvo Board.
inocycoly yours,

(S;gned) J. S. Williams.
Hon. Chwlon

Townoond,

Unitod St- ,tes Son-to.

irii1% 1914.
3Jy,ioar Con3rassman:
e your 1A:ter el the 16t11 inotant, regardinf2; Nr.
I
Dunlap's desire to hAve the bl,nks in Jack3onville, Illinois,
transferral fro;:1 the
LotAs Dietrict to the Chico Biotrict.
• You sAy that when you and Mr. Dunlap left the office
after a conference on thia eub4sat '3ome weeks ago, you were
both *iL4Pron3ed wit the li!.ea tat" I aas "favorable to r.
Dunlap's position an3 that l!oman County, Illinois, woula
not be.inoluded in the St. Louis 'Reserve Diutrict."
You
41co sly that Hr. Duidap t2takod to the Secretary, and "loft
LIacretary acAdoo understamliug that the Socrotary would also
favor p..12.cing Morn County in the Chicago territory."
halm no idea that Sacretary nctaoo intcmded to convoy
to you or Ur. Dunlap, by anything he oii, the idea that he
intended to fJvor the
of :loroan County in any particular
District, and, aa far as I am concerned, / certainly aid net
expect or intend you to Array such a conclusion iron anything
that .418 said in our conversation.
As u matter of fact,
prior to the ronilarinc. or the decisio% of tha Convittee, I
crflly rofrainod fro 1 indicatin7-: to anyone my vion or
Intentions in frtr ac my vote
concerneJ ao to the location
of the Federal Reserve Banks or the 'ration of the 1;i3tricts.
I do not beliove that the Jacknonville banks will be subjected to the inconvenience or loco that they seori to arahond
in dealing vtith St. Louis, but if your friends are dicatiafied
aith the Jecision of the Comittoa, and desire to
;.c.KU to the
Padaral ao3erve Bo:krtl„ that ir ,
4 of course,'a matter for thou to
determine for tliencelvue.

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Federal Reserve Bank of St. Louis

•

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

Tho Comuittoo iztd t11,7,.rd task to porforin, and it
obvioun to thou 'At tho otat”et that thoy 1iould bo unablo to
ploaso ovorybody.
;iorkal '4rA to aocuro tho :f7rL3-7'.4.;113t
good to tho greAtont. mult)or, Athout injt•stit;0 to any.
Sincerely younl,

(Ric-ne,4 Man. 2enry T. Rxiney;
JIM,30

IttT;tr;rovoilt:%tiven.

7 Williams.

II •
LAW OFFICES

•
•

OPOKSERVE BOARD HL
TELEPHONE C. & P., ST. PAUL 1311.

JULIAN S. JONES,
608 & 610 EQUITABLE B'LD'G.

BALTI1V1ORE,

April

17th,

1914.

3 Q.1
c( No4,

Hon. William G. McAdoo,
Secretary of the Treasury,

CaOlittee
Btto‘‘

Washington, D. C.
My dear Mr. Secretary:

In discussing the Regional Bank question with some.
friends of mine, I happened to mention that I had a very pleasant talk
with you on Wednesday evening.

One of my imprudent friends mentioned

this fact to a newspaper man, and last night this newspaper man called
me up to know if it were true.

I had to admit that it was, but told htn

that the conversation was not for publication.

He said, however, that

he intended to publish something, so I thought it better to give him as
little as possible, as what I had said was in your behalf.

This is the

real explanation of the enclosed article.
I am sorry that any mention was made of it, but I do not think
the article is in any way objectionable, on the contrary it shows your
good feeling toward the people of Baltimore.
With my bast wishes for your continued success and your fu—
ture happiness, and the hope that some day soon I shall have the pleas—
ure of meeting you again, I am,
Vary truly yours,
Dic. JSJAK.

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Federal Reserve Bank of St. Louis

DEFENDS CHOICE
S.

.tiary Says Baltimore Is Too
Near Philadelphia.
Secretary of the Treasury McAdoo defended the establishment of a regional
bank at Richmond instead of Baltimore
In conversation with Julian S. Jones, a
lawyer of this city, last Wednesday evening. The selection of Richmond was geographically correct, Mr. McAdoo said, as
Baltimore is too near Philadelphia..
Mr. Jgnes invited Mr. McAdoo to attend
the Ineeting at the Lyric that night and
promised that the Secretary would hear
something about it if he went. The Secretary said it would afford him much pleasure to go to the Lyric and explain his
views, bdt he did not have time. He had
many gogd friends in Baltimore, he said,
and Mr. tones found him an attractive and
delightful companion.
Mr. McAdoo came to Baltimore with his
Digitized
for Miss
FRASER
fiancee,
Wilson, to attend the DuerRobinson wedding.
http://fraser.stlouisfed.org

Federal Reserve Bank of St. Louis

MIRRORS.;
LARGE MANTEL MIRROR. religp e gil
unusual dnsign: value $25; sale
e $10.
ny. 4:ZELL
a15-1m*
141111 W.- altimore at.
go;
assL
---amwsmem
Sp
lac
50.

S. SALABES & CO.,
4375

WEST BALTIMORE STREET.
Side Entrance to Private Office.
auL5-12
NEW YORK LOAN OFFICE.
COS West Baltimore street.
LARGEST LOAN OFFICE IN THE
STAT&
LOANS TO ANY AMOUNT ON ‘VATCHE
DIAMONDS AND VALUABLES OF S./
ALL KINDS.
LOWEST RATES.
Goode Kept Any Length of Time Agreed Coon.
ET.
ESTABLISHED 1825.
r5
CONSOLIDATED LOAN CO..
j_NORTH GAY ST.
ofa
ALL
LOANS
HELD ONE YEAR.
on
SPECIAL RATES ON LARGE
Ne
d
SIDE ENTRANCE TO PRIVATE LOANS.
OFFICE.
t•
FORFEITED DIAMONDS. WATCHE
S
JEWELRY AT PRIVATE SALE. AND
d
MONEY TO LOAN IN SUMS TO SUIT
AT BENJAMIN & CO.'S
Us
LOAN AND BANKING OFFICE.
at
ESTABLISHED 1R40.
NOS. 420, 422 AND 424 E. FAYETrE
ST..
NEAR GAY ST.
We continue to advance the largest Inane
kinds of valuables and eollaterals. Special on all
rate,
on
loans Pledges held for twelve month,
' upon
4f large
agreement. Jewelry of all kinds bought and
sold.

Open
tier.
daily to 6 P. M. Saturdays to 10 P. M.
Private entrance No. 420.
a2041

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Federal Reserve Bank of St. Louis •

E.O.
,
TENISON, Vici-PREswr.
C. R.BUDDY,Vicc-PrAtsioefer
J HOWARD ARDREN,CAsH.E•
•
0
•
•

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Federal Reserve Bank of St. Louis

•
•

J.B.WILSON, CHAIRMAN
R.H . STEWART, PRESIDENT.

•

HOWARD P. MAY, Ass-r.CAsH,ER.
LANG WHARTON,Assy.CAsHicR
J. D. GILLESPIE,Ass.T.CAswER

FOUNDED 1873.

The City National Bank

3ô1,

CAPITAL & SURPLUS TWO MILLION DOLLARS

DALLAS ,TEXAS.Aril

17, 1914.

(Personal)

Hon. Otto Praeger,
Post Master,
Washington, D. C.
Dear Mr. Praeger:
Merely as a matter of information, and for
use of any of our friends who may be concerned with
reference to the matter, I enclose herewith some
communications which are self-explanatory.
I have no doubt that a number of the
Bankers in Southern Oklahoma have been induced to sign
these cards under the pressure of an appeal to State
loyalty, and on the insistence of those officials who
have a personal and private interest in the matter.
We are in daily correspondence with nearly every one
of the Bankers in Southern Oklahoma, and have no doubt
that while many of them are signing the protest under
this pressure, they are writing us more candidly that
they are entirely satisfied with the arrangement, and
that instead of those protests being spontaneous, the
opposition is being fomented by interested parties in
Oklahoma City.
The letters referred to are of course
private correspondence, but are not necessarily confidential,
and if they will serve any useful purpose, I would be only
too glad to submit them as a matter of information for
those concerned.

Enclosures.

TREAAODEPARTMENT TELROIVI„
WHERE WRITTEN:

Washington,

COMPTROLLER OF THE CURRENCY.

April 16th,1914. —

Mr. Joseph A. Mc Cord, Vice-President,
The TI.ird National Ban'- of Atlanta,
Atlanta, Georgia.

Atlanta will not automatically become a
reserve city under provisions National Bank Act by
reason of t”itablishment of Federal Rosary() Bank
there.
It will '0,3 neces3ary to fibo resolutions
and comply with suction one hundred t-::ty-six of
National Bank Act.

Coptrol1
OFFICIAL BUSINESS.
COMMERCIAL RATES.
COLLECT.

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Federal Reserve Bank of St. Louis

COLLECT

I'.

Departmental Stock Form 2129.

JOHN H. BANKHEAD. ALA.. CHAIRMAN.
ELLISON D. SMITH, S C.
BOIES PENROSE. PA.
CLAUDE A. SWANSON, VA.
WILLIAM 0. BRADLEY. KY.
JOSEPH L. BRISTOW, KANS.
NATHAN P. BRYAN,FLA.
JAMES E. MARTINE. N. J.
CHARLES E. TOWNSEND, MICH.
HOKE SMITH. CA,
THOMAS B. CATRON. N. MEX.
LUKE LEA, TENN.
LE BARON B. COLT. R. I.
WILLIAM E. CHILTON. W. VA. JOHN W. WEEKS, MASS
JAMES K. VARDAMAN, MISS.

•
•

•
•
?Anifeb

CECIL A. BEASLEY, CLERK.

tcrfe ,T)enafe,
COMMITTEE ON

POST OFFICES AND POST ROADS.

16, 191,"-,
Antwered

I:on. John Skelton Williams,
Comptroller of the Currency,
Washinc:.ton., D. O.
(3.ear ir. dilliams:I an enc1osiiv7 herewith con of resolutions aclorted by
the T.:arc:Tette Commercial Club relative to the rlacing' of
the U-froer reninsula of .7ichisan in the 77innec.vrolis clistrict.
I trust that the sane will be

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Federal Reserve Bank of St. Louis

your w-reful consideration.

Tlesipectfully yours,

So
RESOLUTION ADOPTED BY THE BOARD OF DIRECTORS OF THE MAE4UETTE
COM-ERCIAL CLUB, EARQUETTE, itCHIGAD, APRIL 10,1914, PROTESTING
AGAINST THE ASJGNISNT OF THE UPPER PENINSULA OF I10EIGAN TO
THE NINTH DISTRICT OF THE REGIONAL RESFRVE BANKS.
WHERE1.3, The

eserve BanE Organination Committee has seen fit

in maling up the 1-eserve Listricts to attach the Upper Peninsula
of Lichigan to the Ninth District, of which District Finneapolis
is to be the Reserve Center; prod,
MIERF'3, the business rnd bani.ing interests of the Upper
?eninsula are and always h've been conducted in cloce connect -on
with l'ilwaul,ee, Chicago and other points Fast vim

outF,

nd only

to a slight degree with lAnneapolls; and,
WHEREAS, the facilities for speedy communications between
practically all Upper Peninsula points and : 111.,au3,eo and Chicago
are and alw:is hnve been far superior to those existing between
the same territory rnd Minneapolis; and,
WHERnS, in our opinion, the action of the Organizaton
Committee in attroLin6. this territor

to the Ninth District, instead

of the Seventh District, of wl-ich Chicago is the center, will
result in great detriment and inconvenience to the busness interest
of the Upper Peninsula.
NOW,T14-117P0F,r, BF IT PI'SnLVED,By the BoPrd of ,Arectors of
the Larquette Comwercicl Club, an Organization composed of nerrl
three hundred of the le.ding business rnd professional men of the
City of :Arquette,
nrotest

icile;an, that Ihe-strong4

nd emph,tionlly

fjninst the acton of the Organization Committee as being

in entire diaregerd og the Interests of the Upper i-leninsuln and in
direct violrtion of the provisions of the Currenc:c, 'ct th t "The
District shall be apportioned with due rer;erd to the convenience
and customnri course of business," for the following reasons:

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Federal Reserve Bank of St. Louis

1st.-- The Commercial and fin8ncial rel'tIons of this territory

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Federal Reserve Bank of St. Louis

•
•••
from one end of the ?eninsula to the other lave alwa:is been and
are nov; oloseLy allied with points to the East and south,
especially Chicago and Lilwaukee, the great bun_ of the business
and financial transactions between the Upper Peninsula and outside centers being with. Chicago and Mwala.oe.
2nd.--

The railroad, express and mail facilities between

all Upper Peninsula points and Chiongo vre direct, speedzi and
far more satisfactor7) thn between the same points and linneapolis.
RESOLVED, PURTRER, That in our judgment the merchantile,
industrial and financial connections existing in tYis territory,
the transportation facilities serving the same nnd the eustomar-j
course of business thr.t has grown up through a long series of
:ears, clearl;) and in,perativelz; requl[e that the Upper :,?eninsula
of

5.chifin should be placed in . ietrict Number Seven of which

Chicrgo is the center.

•
•

HENRY T. RAINEY

••

ILLINOIS

COMMITTEE ON WAYS AND MEANS
HOUSE OF REPRESENTATIVES

WASHINGTON, D. C.

An;
-"red

APR 1 6

April 13, 1914.

1914

Hon. John Skelton Williams,
Comptroller of the Currency,
Treasury Department, Washington.

My dear Yr. Comptroller;
Referring to

our conversation

yesterday afternoon, I am writing t:lis letter.

Some

two or three weeks ago I called to see you in company
with Hon. 7.

Dunlap of Jacksonville, Illinois

my district, 'Lie President of the Ayers National Bank.
He

had seen in some of the Chicago

pa*oers, I think,

a tentative outlirie of the proposed federal reserve
districts.

The tentative map he saw put Morgan

Illinois, in the St. Louis di:it-riet.

County,

He made a special

trip to Washington in order to present to you the matter
v:Id to ask that his county be

4!'icluded ir t,:le Chicago

district.

matter to you at that

He presented th

time very fully, callin
Illinois and to

,ur attention to the map of

tie ft that Morgan County is Uhicago

territory and--Che banks there have always done business
in Cqicago/

At that time we both left your

office

impressed with the idea that you were favorable to Yr.
Dunlap's position and that

Morgan County, Itlinois,

would not be included in the St. Louis reserve district.

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Federal Reserve Bank of St. Louis

The next day lAr. Dunlap was intro-

o•

RY T. RAINEY
ILLINOIS

COMMITTEE ON WAYS AND MEANS
HOUSE OF REPRESENTATIVES

WASHINGTON, D. C.

duced by the Secretary of Stte to Secretary
at the

?Adoo

President's offices just after a Cabinet

meet-

ing and walked with Mr. McAdoo quite a distance and
presented the matter to Aim.
McAdoo understanding

He left Secretary

that tae Secretary woud also

favor placing Morgan County in the Chicago territory,
Both Mr. Dunlap and myself were surprised to find that
Morgan County was included in the St. Louis district.
The line in Illinois separating the two
districts runs just a few miles north of Jacsonville
on the line between Cass and Morgan Counties.

It then

turns abruT)tly and runs ;lrol.g the line between Morgan
and Sangamon Counties to the southern oorder of Missouri.
It then runs east

tem.

slight variation of the

You can see taut a very

line will oiAt Morgan County

in with Chicago and it is just as much Chicago

territory

as Sangamon County to the east of it.
Mr. Dunlap is President of
National Bank, w ,lich ban

the Ayers

has just bought out and con-

solidated with it the Jau:sonville National Bank.

The

Ayers National Bank now has deposits of nearly two and
one-half million
that section.

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Federal Reserve Bank of St. Louis

dollars and is the largest ban

I sincerely hope the line can be

,sIRY T. RAINEY
ILLINOIS

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

COMMITTEE ON WAYS AND MEANS
HOUSE OF REPRESENTATIVES

WASHINGTON, D. C.

slihtly varied in Illinois so as to put Mr. Dunlaol s
bank in the Chicago distri ct where he would like to be.
Ver, truly 2/ours,

(Coututonittenttil Alf VirAinin

30 ,

GOVERNOR.S OFFICE
RICHMOND

H. C. STUART, GOVERNOR
ALEXANDER FORWARD,
SECRETARY

THE

April 16th, 1914.

GOVERNOR

W. W. MARTIN,
ASSISTANT SECRETARY

Hon. John Skelton Williams,
Treasury Department,
Washington, D. C.
My dear Hr. Williams:The statement under date of April 10th of the
Reserve Bank Organization Committee, which you were
good enough to send me, was duly received, and I have
read it with great interest and satisfaction.

The

facts and figures which you martial are unanswerable.
I congratulate you and your associates upon your good
work, not only in the matter of the location of the
b4nks, but in every step you have taken in the administration of the new currency act.
Wishing you continued success, I am, with
most cordial regard,

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Federal Reserve Bank of St. Louis

Very sincerely yours,
I
dir

0A7
4101

)
ti3f

THr, E3ALTI:ORE

UT
J914.

Apc4

=TIT

.7111P.SILTI RIDDL7,1

141.-arv Shouts Pallaciof3 In iTiuron
Conp'Ari-1 . The Tac Citios.
TIHE POP. ACTION, FT, lInCLATIES
Appelo To The IL:;.ryland Sonitors And CongreGamon to
Rectify Tho Mietake A3 An Act of Duty To The nation,
Not Alone To Baltimero.
a week azo by the
into the very vitals of the apolocy of for
national ros3ry:3 banl: committe for placin Richmond over 141tiiaoro, cuttim;
ce ahem).
into the heart of the atItietics offered aa an excuse for the preferen
in cons
fallacio
the Virginia city ami aLniotrtinf,; these fi,,:ureo to oho; their
•.1.1ch of
home
parison, Omer F. Hershey, luvlber of the oriinal comittoo, drove
the raAl force of 70A1tiviorels grielfmca.

ntrikinz

Irl.ve arote
Inei,k.e of three year'"? he 4•c1.kred, tho re_lonal Lo.n:K will
of which dill
most
rimoura o ei from sixty to eoventy4ive miliiono of do1.,mr4,
roscrvo
the
be Bultimorel a. Ho !lade a awoeping anAlysis of the report of
pointing out that when Ricmend looked wo.4kk in the natio431 fiztaaa
i,erVirsiniA az:urea wore used: ,:hen they aif,;hod to ;:4ke a per capit..L or
contage of increase arnuent, they tezea Richmond fizures.
ArL:aN3nt dA0 buiit upon
eitu,t.tion fts it o%-ista under
;,cbors
p.3a1 to thJ
„ not
ho
doc1P.red
thio alone,

the
Horuhtv
an:Latent by
fc3 a stirrir: ,..,)the present IllAro, And o
of Conryoof; tc, rectify the :Li3t-Ao. They oao
to Baltiv,ore, but to tho e1lo nation.

Trim
t.

FOR ACTION.

•

- orarily ponseoried of ey.tr..6.or,lirary
"The absurd blunders of three .on, ter Q
ono van
.tuthority, and the proud, anbition of a little inland city, 1:ossesaod of
of the
with ,k vote, mot not be pornitted to belittle Baltiorets great ,;ork
o do not prorio:.te to be 1;•;nalisof the futuro.
plot or hinder her (;reater
a in tho Llowth."
influenc
:
:
in.
co;:....,artd
our
ed boc.-arie of our prosperity or

samTion

OVISIONAL.

"Did they find it a aimp1e attor which city to cle;oJe? sure they did.
They ref orro it - to Mr. Dooley. Not 0 Ni'. Dooley, but J-ke.oe ::. I hope you
his letter. It is a convincing financill zxtsmont."
..-;ave -(111 r
•
0

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Federal Reserve Bank of St. Louis

Yot' undor3t4n1 that this oo.lsction of citioo
Jo puroly proviaionAl. Three
z.:on 41.vo pasood an order; thoy col rovoho it tomorroJ a oii1y .o;7; they poorood
it. Thoir Actiono arc subject to rovio" beforo tho rodoral r-,oaoryo 13otrd, on
whom alli rest tho tromendous task of
tho noa La a a auccoss. To this
boo.rd„ aa well ao to tho natioft, 11:11timoro can
it
An it is
to itko it. Just bocat3e throo fAlliblo human boinr:s havo .:.;ko 1 solestion, it ,.003 not rolloa that thoir decision ha,; any oternal attrilYoteo or
tho flAity a tho Lao of tho Medou andPersians."

HOLM I

RIMrIOND i7

BRIEF.

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"Thio , Richnond briar is an lagoniouo documont. Thoy o.r.y 11-:uros aovor
Iio, but thio brief 7.thoao that undor sUliful manipulation toy :,,-ay be inducod
to prov-).ricto to an oxtont that .2onowors the pr0000.
CortAnly theoo fiTuroc.,
liko tho ii:uros of somo women,. .'‘,ro very deceptivo, to 24 tho lost.
"It wouA be an omly job to ahoot this brief full of holes, but vi:11
titlo on it when we have the cccmittoals oln official oxplanation in 5,000 words
of juot how thcy did go about it. Thcir apologetic dofense io even ,
: ,oro vulnerable than the brief. This offleil :ofonso ehould win our coo c);
unomaiotod and a1on.
It will not hold witor for a moment. If tho corarnitteo
had told us that Ito cholco of coo of thoao citios Vr.3 baaol on some
export
theory of chocks and balances, or qaaluo to nono doop and ozotorio roasons
comprohonsivo only to profound and astute finIncial eto.temint, they i-aight have
bluffod the country into otartlod acluioocenco."

BLOW TO :3ALTIMO7E.
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pllevertholeso, thio in a ‘groat bloa to Uatimoro. Uo now beco:lo a 4ay
station in tho national financiAl trunk line untem. Rozoi2bor that there
regional banks are all intrrolated. non we do buoinacs with Chicao, and
Booton, and San Francisco, the ban1:in7 transfora will be via Richmond
. Loi;o
of time. Loss of identity. Loo of prosti7.o. An:. tho prootio of
a city
i3 a tremondous commercial a000t." I *
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!.:AITIPUT.ATPTO TIE
"One vury'inclonioue :mliulation of ficuros in this brief co.lolsto in
uainz the 4:Lnkirc:, stiotica of tho ontiro t..,to of Virginia
and of Riolosond
intorchanc;oaoly ac the oxir:oncics or the argtaiont io.ty roluire. Thc.coittoo
in their defen3e use the s:olo trick. They oven
Ric-i=ond one bettor o.t
this aL3 of uoiaz convniont oo,lbiaationo to moot inconvenient slim tions.
In conp,riw: Richmond At% riltimora tho comoittoo Aro far from in7onr.ous.
They uso their figures in 3 asy to cre-Ite entiroly falso iNpresoiono.
If

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Federal Reserve Bank of St. Louis

the comnitto believe their Richmond decision il:111 sound, they shavad not
have
,;-.toop to the arts of pottiiogginz spacial pleaders.*

RICHMOND

sarn

EVEN WORSE.

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"When. Richmond looks weak in the nationAl srtam they use Viii fizurcu
.
;
-;alen thoy 7:ish to mi.c;
pr .;itu, or ,.: porcentage of incrw.s.o arzullent they
use Riclw:iond ficures. rover aas there a document ;,
- ore 'unfair or tric1rior ii?31Oa by a F.;ovemiiwntA. a&Aley. It shoula w.:,t fool anyone.
Certainly, it nust
not fool the country."

REPLIFS TO CARTER GUT%
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istirely, 1 nead not prove that in locating a region or a bank the tst
was not one of comparative national bank figures.
That this new law ailac to
do is to Ditko all orolit rclaoarcat; of a mien •avaiL-.bie
for buoinuoa pur?o5es.
Richmond ia A provincial inland torn. it is a borro4inz not a lending
tom.
Baltiuor-J is '', lending city - a mAural IscerVoir of
capital.
*

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Federal Reserve Bank of St. Louis

Thu alatinore Cun
April 160 1114.

Nordhey Itad spoken of atitiriorolc 'ir000nt
and
hiotoric positIon

tho banking and bUoineos contro of

tho south; of iti .- 7,tandity; a.3 the fourth ooaport of tho
country;

of it9 cervico to the grot SouthoAut,)rn

aoction.
"Tat haa tho little in1;4ne. city ol .7:1,1111:ioni to ahow
aainst tit?" ho aokod dUrasioally• an
thus: "It had one
board."

an with one voto on tho ornization

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Federal Reserve Bank of St. Louis

S•

•

Apr;.i

Dt"Ar Sir:
I Vilnk ytm
14th inutant,

Lttttor It tht
coliy

cim:Ar
u

isttor to your correqpondonto.
1113pootfully,

(Signed) J. B. Williams.

Porcy H. Johnston,
Cashier, Citizone !!‘t.ticnal F.xAnk,
LouiavilA, Kontocky.

ITED

STA', ES

DEPOSITORY.

•
•

5215
HAMILTON 5'. KEAN,

pitEitinENT.

HARRY (JONAH)), cssuilcx.
.10115( M.

crfroor,E, AMT. CASIIIEU.

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At a meeting of the Board of Directors of this Bank, held
Bednesday, April 15th, 1914, the following resolution was
adopted:
"WHEREAS: We are advised that, as a member of the Federal
Reserve System, we must become affiliated with the Federal
Reserve Bank in Philadelphia, Pa.; and,
WHEREAS: Perth Amboy, in a business and banking sense, is
largely a part of the City of New York, and tl-e success of our
business interests demands the continuation of such condition:
and,
WHEREAS: When we joined the Federal Reserve System, we
had in view the express provision of the law that the district
should be apportioned with due regard to the convenience and
customary course of business, and that any recommendation ,
contrary to such provision would result in a large loss of
business and be necessarily injurious to the future success
of our business: and,
WHEREAS: We are desirous of using our best efforts to
insure the success of the Federal Reserve System, to the end
that the Trust Companies and other State Banks become affiliated as members, which would be improbable under the present
districting: Therefore,
BE IT RESOLVED: That we do hereby protest against any
division of territory, in establishing the Federal Reserve
District, that would not include Perth Amboy, N. J., in the
same district in which New York City is a part: and,
BE IT RESOLVED: That a copy of this protest be forwarded
to the Treasurer of the United States, the Comptroller of the
Currency, both of the United States Senators, from New Jersey,
and the Congressman from this District, urging our representatives in Congress to use every effort possible to secure
the assignment of this section of the State of New Jersey to
the New York City district.

I certify that the above is a true abstract of that
portion of the minutes of a meeting of the Board of Directors,
held April 15th, 1914.

4
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•

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Federal Reserve Bank of St. Louis

Cashier.

WALKER HILL,PRESIDENT.
JACKSON JOHNSON,VicE PRESIDENT.
FRANK 0.HICKS,Vice PRESIDENT.
EPHRON CATLIN,Vice PRESIDENT.

JOSEPH S.CALFEE,CASHIER.
CHARLES L.ALLEN,AsT CASHIER.
JAMES R.LEAVELL,As5T CASHIER.
PHILIP H. MILLER, AST CASHIER.

MECHANICS-AMERICAN NATIONAL BANK
OF ST. LOUIS
CAPITAL

2,000,000.

SURPLUS $ 2,500,000.

April 15, 191/1.

Hon. John Skelton Williams,

Answered AOR 1 8

1914

Comptroll ar of the Curr eicy,
Washington, D.C.
Dear Uohn:I am in receipt of your favor of the 13th, thanking me for recommending
a receiver for the Cape Girardeau bank.
trouble.

There was no need of your talting this

I am glad to see you reorganized the bank without a permanent receiver.

Congratulate you.
I am also in receipt of copy of statement of Reserve Bank Organization
Cornittee, and want to congratulate you on the cities selected by your
Committee
for Reserve Banks.
to be perfect.

Your statement in reference to the selection of same seems
Of c curse, with only twelve cities to s el.:et you may expect

the highest criticism by about twelve more cities, bemuse they did not get a
Reserve Bank.

The selections are all right;

Stand by them, is by advice.

I notice by the morning papers that you expect to come through the
Ocaltral West sometime after July 1st.
to meet and know the Central West, an

I think this is fine, because you Ought
c only way to do that is by a visit.

It is understood, of course, that you will be my guest at my house when you come
to thi s city.

I would like to have your #12 shoes under my mahogany.

Hoping you will ria::c your visit as soon after the 1st of July as possible,
and with kind personal regards, I am as always,

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Federal Reserve Bank of St. Louis

Sincerely yours,

Cab(

((/[

Pre sid ent.

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•

.3iu flu

••
L

enate of the 'United

MID

fates,

April 14, 1914.

RESOLVED, That the organization committee of the Federal
Reserve Board be, and it is hereby, directed to send to the Senate copies of all briefs and written arguments made by each city
applying to the organization committee for the location of a
Federal reserve bank, together with the poll of the banks and
the reasons relied upon by the organization committee in fixing
the boundaries of the reserve districts and locating the reserve
cities.

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

Attest:

Secretary.

THE

Office

CITIZENS NATIONAL BANK
CAPITAL $500,000

SURPLUS & PROFITS $ G50,000

LOUISVILLE,KY.

N.C. RODES,PRESIDENT
S. B.LYND.VicE PR EST.
WEBSTER MOORE.Assr.CAsH.
PERCY H.JOHNSTON.CASHIER
JOS. M. ZAHNER.Assr.CAsH.

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

...11,br

pri1 14, 191-1.

Hon. John Skelton
Cornbtroller, of the Currency,,
Wasnini3ton, j. J.

AntiVered

APR

Dear Sir:There is enclosed herewith copy of
letter we are sending out to our corresponlents,
which we think will probably be of some little
interest to you at this time.
reç reopectfulld,

Enc.

7 6

19f4

THE

ZEN S NATIONAL BANK
CAM TAL $ 500,000— SURPLUS & PROFITS $ 650,000

1,0IJ S-VILLE,KY.
H.C.RODES, PRES,ENT
S. B. LYN D,
JOS. MI. ZAHNER. Ass,CASH.
PERCY . JOHNSTON,CAsHIEN
WEBSTER MOORE. ASST CASH

The evolution of the Regicinnl Banking System
which is now going on, is a matter of .paramount interest
to Bankers the country over and whilst there has been much
dissatisfaction at the preference given certain cities and
localities over other a-oparcntly rac)r desirable centers,
we feel it to be the part of wisdom to accept mich selections without undue criticism and to do everything in our
power to further the organization Plans of the Committee.
Inasmuch as no legislative action can govern the
natural movement of business, a fact which all thinking
men recognize, we are convinced that undue importance has,
in the minds of the public, been given to the specific location of Regional Reserve Banks and that the location of
such banks will have no more bearing on the ebb and flow
of business than does the present location of the SubTreasury Cities.
The whole Regional Dank Bill is in the nature of
an experiment and we ourselves have felt it to be the part
of wisdom to face the various problems arising in connection
with it only as they were presented to Us, as it seems a
practical impossibility to forecast just what help or hinderance, if any, the operation of the Bill may be to us.
Frankly speaking, I do not believe that the country
banks, as a rule, at present have the class of paper that
would meet the requirements of the Regional Reserve Banks,
and in any event, we want you to feel that there leave been no
developments in connection with the Bill that in the slightest
degree interfere with our ability to give you absolutely first
class service and that it will be long before any substitute
vill be found for the intimate personal knowledge and our
close friendship made during years of association.

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

Yours truly,

Cashier .

040
G. L. M E

Ex-State's Attorney
Attorney-at-Law. Loans and Real E,tate
GREENVILLE. ILLINOIS.

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Federal Reserve Bank of St. Louis

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NG/SI/110

DEPARTMENT OF STATE
WASHINGTON

April 18, 1914.
Respectfully referred to
theTrecsury Department

direction of the Secretary
of State, and the writer
so
advised.
M. M. WYVELL
Private Secretary.

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Federal Reserve Bank of St. Louis

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MEYER
.3I 13
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Ex-State's Attorney
Attorney-nt-Law, Lonna and Neel Eit:ate
GREENVILLE. ILLINOIS.

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Federal Reserve Bank of St. Louis

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G. L. MEYER
Ex-State's Attorney
Attorney-at-Law, Loans and Real Estate
GREENVILLE. ILLINOIS.

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Federal Reserve Bank of St. Louis

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Federal Reserve Bank of St. Louis