The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Reproduced from the Unclassified / Declassified Holdings of the
■j
>4
■■M
to
to
O
9
to i44
CT)
to c o
to
■
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Form F. R. 567
END
SHEET
244.211
K IN D OF M A T E R I A L OR NUMBER
„ -
6 ,
)
NAME OR S U B J E C T
DATES
(In c lu s iv e )
P A R T NUMBER
Distribution & Activity of Deposits'
Statistics
NoV ? - Jan 1936
Part 3
o
Reproduced from the Unclassified / Declassified Holdings of the National Archives
F o r m N o . 131
Office Correspondence
To.
Mr. Morrill
From.
Mr, Currie
FEDERAL RESERVE
BOARD
Subject-
Date
January 30, 1956,
Letter from Governor Seay of
January 17, 1956.
^<f-
n
k)
L rL_ pu f
1/1 1 1 %
®
19JD
x
In case you think that Governor Seay1s letter should be answered
1-----------------------------I am attaching a suggested draft for your signature.
If you will
return Governor Seay1s letter to me I will keep all the replies
to X-9450 together.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
moKTiSItvilBOARD file!
W at
v
* itmtttrmj; -
M
(COTmtirrct^1 ***Cfirtmtrli
‘William B. Dana. Compant, prmx.tsHJE»s
WILLIAM ST., CORNER OF SPRUCE ST.
(BOX NO. 958 CITY HALL STATION) NEW YORK
January 29, 1936.
Mr. Chester Morrill, Secretary,
Board of Governors of Federal Reserve System,
Washington, D. C.
Dear Sir:
We understand that the Federal Reserve Bank
of New York on January 28 sent a letter to member in
stitutions requesting information as to deposit ac
counts of customers in excess of #100,000, the infor
mation being gathered for the Board of Governors of
the Federal Reserve System in its study of movements
of deposit accounts. As we understand that the copy
of the letter and the questionnaire accompanying it
are to be had through application to the Board of
Governors, we are writing to ask if you will be good
enough to favor us with copies of the same.
Thanking you in advance for your courtesy in
the matter, we are
Yours very truly,
WILLIAM B. DANA CO.,
By
/*£-6
^;3uA ?..„-«■».
Reproduced from the Unclassified / Declassified Holdings of the National Archives
z
w
*
//
I X d T r C U X .4 -
January 29, 1936.
TO ALL SUPERVISORS:
Enclosed are mimeographed copies of a report form to be filled
in for each bank under your supervision at the time the project is
initiated.
Some of the information requested has already been supplied
for some banks by the supervisors.
In such cases will you indicate
on the form that the information was furnished in a.n earlier report?
I would also appreciate it if you would report on the availabil
ity of the various records in the banks where you have not already done
so.
Yours sincerely,
Lauehlin Currie,
Project Director.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
REPORT OF SUPERVISOR TO PROJECT DIRECTOR ON INITIATION OF PROJECT
Date ____________________
Name of closed bank __________________________________
C i t y ____________________________________________ State
Date workers placed on job __________________________
Number of workers employed
Relief
Non-relief
Rate of Wages
per month
Clerk in charge
______
Workers
______ _____________
_____________
______
_____________
Total
'______ .•
______
_____________
Is it contemplated that additional workers will be employed at this bank? _____
If so, how many? ____________________
Did the bank engage in any mergers subsequent to Jan. 1, 1928? _________________
(date)
If merger occurred are records of the separate institutions available for the
period January 1, 1928 to date of merger? ___________________________________,
____
Did the bank make service c h arges?______________________ If such charges were
started after January 1, 1928, give approximate date ___________________________
Number of active demand deposit accounts ____________ Date ______________________
(If possible give this information as of a date in 1928.
Otherwise, give it as
of the date of suspension.)
Number of dormant demand deposit accounts as of date of suspension ____________
Amount (in dollars) $__________________ If available as of June 50, 1928,
s.
j
and June 50, 1951,
Signed
Reproduced from the Unclassified / Declassified Holdings of the National Archives
2
January 29, 1936.
TO ALL SUPERVISORS:
In order that I may have a record of the amounts
charged against the appropriation for each project
would you please fill in at each payroll date one of
the enclosed mimeographed forms?
Yours sincerely,
Lauchlin Currie,
Project Director.
u
Keproduced from the Unclassified / Declassified Holdings of the National Archives
PAYROLL REPORT TO PROJECT DIRECTOR
Date
Covering payroll period
|Official Pro Advice of Allot
ject Number
ment Number
t o __________________,inclusive.
Number of
Y/orkers
Relief NonRelief
x
Signed
Amount of Payroll
Relief
Non-belief
Reproduced from the Unclassified / Declassified Holdings of the National Archives
^
Y V .
January 28, 1936
TO ALL SUPERVISORS:
As workers are now being employed on the project I wish to
call to your attention again the necessity for completing all
payroll arrangements with your local Treasury State Accounts Office.
It is essential that we take every precaution to insure that workers
are paid promptly after the end of each payroll period. As you know,
there are two payroll periods on the project each month, one covering
the first to fifteenth, and the other the sixteenth to the end of
the month. The workers should be informed that payrolls will be made
out covering these periods but they are to expect their pay checks a
few days after the fifteenth and the end of the month.
You will remember that the guide to supervisors mentioned the send
ing of time reports from workers at the banks to the supervisors.
These report forms are now being printed and I expect to be able to
forward them to you this week. When these forms are available the
clerk-in-charge at each bank should enter daily the time worked by
each worker at the bank. At the end of each pay period the report
should be signed and mailed to the supervisor.
From these reports
the supervisor should prepare the Time Report W.P.A. Form 502. From
Form 502 the supervisor should prepare the Payroll W.P.A. Form 503.
Next, the supervisor should prepare the collateral documents to
accompany the payrolls, Treasury Form A-4, Treasury Form A-5 and
Standard Form 1064. The payroll and other documents should then be
sent to the proper offices as explained in W.P.A. Bulletin 8, Revision A
One important matter in connection with payrolls that supervisors
should be sure to arrange with the Treasury Accounts Office is that
checks be mailed directly to the workers.
This will necessitate attach
ing a sheet to the payroll containing the names and addresses of the
workers employed. If checks are mailed directly to the workers it
will save the supervisor having to relay them to project employees
and will to this extent expedite the delivery of checks.
There is quite a lot of bookkeeping involved in this procedure
but after the project is under way much of the required data may be
entered on the forms in advance of receipt of the time reports from
the banks and the payrolls can be sent promptly to the Accounts Office.
Under a strict interpretation of the regulations the local W.P.A.
and Treasury Accounts Offices are authorized to furnish you only an
initial supply of forms. I am, therefore, forwarding an additional
supply to you. After you have completed your first payroll please
let me know how many copies of each form you require to make out the
payrolls for the workers under your supervision at each pay day in order
that I may furnish any additional forms required.
Yours sincerely
Lauchlin Currie,
Project Director.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
rp
received
FEDERAL RESERVE BOARD
W ASHINGTON
FED ERAL
RESERVE
BANK
1936 JAN 29
PM 2
IQ
OF BOSTON
ROY A .Y O U N G , GOVERNOR
W I L L I A M W. P A D D O C K , D E P U T Y G O V E R N O R
W IL L IA M W I L L E T T , C A S H IE R
K R IC K E L K .G A R R IC K
FRED ERIC
H .C U R T IS S
C H AIR M AN O F T H E BOARD
AND FEDERAL RESERVE AGENT
ALLEN
HOLLIS
S E C R E TA R Y AND GENERAL C O U N S E L
D E P U T Y C H A IR M A N
OF THE BOARD
A S S IS T A N T FEDERAL R E S ERVE AG E N TS
A S S IS T A N T C A S H IE R S
ELLIS G .HULT
E R N E S T M. L E A V I T T
C A R L B. P I T M A N
L.WALLACE S W E E T S E R
C H A R L E S F. G E T T E M Y
W I L L I A M D. M C R A E
January 28, 1936
REC'D IN GENERAL ^TLES
DEC 5 - 1936
Board of Governors of the Federal Reserve System
Washington, D. C.
A
2
t
€LtJ,
Gentlemen
U<
Reference is made to your letter of January 17, 1936 (X945Q)
lL I
concerning the study of closed banks recently undertaken as a project of
the WPA in which you suggest, for the considerations outlined in your letter,
that the cost of supervision, exclusive of supervision provided by the Board,
be pro rated among the Reserve Banks according to their capital and surplus,
the only cost to the Reserve Banks to be that of supervision.
While I was not present at the regular meeting of our Board of
Directors last Wednesday, January 22, owing to the meeting of the Federal Open
Market Committee and other matters, I found on my return to my office that the
subject was discussed at our directors’ meeting last week.
In the absence of
more definite information as to the expense entailed, our directors felt somewhat
in the dark but they were desirous of cooperating in the matter within reasonable
limits of expense.
Accordingly, after a general discussion of the subject, they
authorized me to advise you that this bank would be willing to share up to an
amount not exceeding $5,000 in the cost of the supervision of the study referred
to on the basis outlined in the Board’s letter of January 17.
The action of our directors is in accord with my own conclusions as
to the handling of the matter, after my discussion of the subject with others
meeting last week.
At that time,
at the time of the Open Market Commi
however, I had in mind that the cos
such supervision would make it possible
for us to suggest a lower maximum
le extent of our participation and I
firectors will not be of/practical
trust that the limitation made by
importance.
Respecj
Governor
K
Reproduced from the Unclassified / Declassified Holdings of the National Archives
4
f
'
Fe d e r a l R e s e r v e Ba n k
O F
K
a n s a s
C
ity
R E C ’D IIn GENERAL
'
DEC 5 - 1 3 3 6
Mr. Chester Morrill
Secretary, Board of Governors of the
Federal Reserve System
Washington, B. C.
Dear Mr. Morrill:
Re:Letter X-9450
With reference to the proration among the Reserve banks
according to their capital and surplus of the cost of supervision
of the WPA project for the study of closed banks, it is satis
factory to this bank to have its proportionate share of these
costs assessed against it.
IT.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
RECEIVED
RAL RESERVE
WASHINGTON
Fe d e r a l R e s e r v e Ba n k
1936 JAN
of
Rich m ond
January 27,
Ee:
Board’s Letter
X-9450,
_____ -
Board of Governors
of the Federal Reserve System,
Washington, D. C.
Dear Sirs;
Attention of Mr. Chester Morrill, Secretary.
Making further reference to the subject matter of this letter,
under the above caption, we are now writing to say that, while having the
spirit of cooperation in this work and in any useful work pertaining to
the System, we desire to record our belief that this undertaking has lit
tle of practical value to it, due partly to its limited scope, but due,
also, to the variety of considerations, of an indeterminate nature, which
must enter into the conclusions which will or may be drawn from the apparent
facts correlated in the progress of the work.
We give our assent to the Board’s suggestion that any cost incident
to supervision be borne by the System as a whole in an equitable manner. We
understand that there has been tentatively allotted to this bank under the
Works Relief Program, for the work to be done in pursuing this study for a
period of five months, at the rate of $66 per month for each white-collar
man, the sum of $5,716. We estimate that the minimum of expense of this
character will be $7,590, showing an apparent shortage of $1,874 to begin
with. It is our understanding that the allotment to the several Federal re
serve banks out of the $600,000 of appropriation is subject to adjustment.
It appears to us doubtful that the work,., as outlined, can be com
pleted within five months; and it is our view that the progress of the work
and the consumption of the funds provided therefor should be carefully
watched so that the System may not get itself into the position of having
an ineompleted work on hand the value of which may be seriously impaired,
even as it should then stand, without considerable further outlay of funds.
The expense of supervision to be borne by the Federal reserve banks will be
material, which is, of course, a further consideration of great importance,
to provide for the completion of the work within the period, estimated or
prescribed for the conduct of the undertaking.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
i, v
F E D E R A L
O F
M
R
e s e r v e
B
a n k
N N E A R O LIS
January 25, 1936.
Mr. Chester M orrill, Secretary,
Board of Governors of the
Federal Reserve System,
Washington, D. C.
Dear Mr. M orrill:
Replying to your le tte r X-9450 of Jan
uary 17^ which came while I was in Washington,
it is entirely agreeable to us to have the cost
of supervision, exclusive of supervision provided
by the Board, pro rated among the several Federal
reserve banks, according to their capital and
surplus, and we shall be glad to accept our share.
Yours very truly,
WBG J
W. B. Geery,
Governor.
/is
Reproduced from the Unclassified / Declassified Holdings of the National Archives
%
'V
X-A,0~\)
Fe d e r a l R e s e r v e Ba n k
of
OFFICE
G
Atlanta
OF
o v e r n o r
Dear Mr* M orrill:
Referring to your le tte r X-9450, dated
January 17, 1 93 6,The le tte r was submitted to the Executive
Committee of this bank at its meeting on January 22nd, After
consideration, the Committee voted to authorize the payment
of this bank’ s pro rata of the cost of supervision (exclusive
of supervision provided by the Board) of the study of closed
banks recently undertaken as a WPA project; the cost of such
supervision to be prorated among the Reserve Banks according
to their capital and surplus.
Very truly yours,
Governor
Reproduced from the Unclassified / Declassified Holdings of the National Archives
F o r m 148 a
TELEGRAM
' jz y y , ^ / /
FEDERAL RESERVE BOARD
IkJt2—9454
W A S H IN G T O N
t
(
1
'Jjk
Janua r y £ 5, 1 9 5 6 .
H I BAXF5BALE
RAXE)HD E SCUUilACHER
T L SEITZ
H B IUKESS
ROBERT 1 a m - L B
H H GOMX3H
T A LAHFOKD
HALTER A HOLBS
A H VOGT
C A SCHACKT
J a EeCTUVLT, Jr.
W G JDOMLEI
HKHRX D 8SJMQEL
t o 3CHUWLE A
ABE SOT
flISETifJES T H i m O m
Boston
Sew York
c
P h ila d e lp h ia
Cleveland
Pittsburgh
Richnond
Jacksonville
St, Louis
Detroit
Louisville z
Atlanta
<f\
Ssn FTtmoi^co
Los AngejMXf
ED SO BAUSCE EITHER ETC. STOP CHECK IF BALiJICLS
JUNE THIRTY HI8ZTE8I TWESTTHuHT AHi) JUHi THJ hTI
STOP II BASKS WHKHE BATE OF SBfltoBlX® U S PRIOR TO
JUNE THIRTION. CHICK IF BALANCES ABE HOT PRESEST OH T<OTH JUHE THIRTY H S K TEE*
TWEHTXEIGHT ABU BATE OF SNSPOBXDI
C0RRIE
LGsea
Reproduced from the Unclassified / Declassified Holdings of the National Archives
-
Fe d e r a l R e s e r v e B a n k
of
Ne w Yo r k
0
k v v
r JS
• .- ? / /
TXe.fc, -j-OLci-
Im
January 23, 1936.
Attention: Mr. Chester Morrill. Secretary.
S i r s :
Receipt is acknowledged, of letter X-9450, dated January 17,
1 9 5 6 \ with reference to the WPA project covering a study of closed
banks•
It is agreeable to us for the Board to prorate among the
reserve banks, according to their capital and surplus, the expenses to
be absorbed by the System in connection with this work.
Respectfully,
L. F. Sailer,
Deputy Governor.
Board of Governors of the
Federal Reserve System,
Washington, D. G.
■*£
Reproduced from the Unclassified / Declassified Holdings of the National Archives
/ W ,
51,4*4- V* I
t oui
January 22,19)6
0*
Mr. Frederick V* Steohttn, ecretary
American statistical Association
722 Woodward Building
Washington, D. 0.
Dear Mr* Stephan*
Ton may ears to use the attached In the Wees
and Foies section of the Journal of the American Statistical
Association.
Very truly yours.
X. A. Ooldenwetser
Director of Research and Statistics
Sncloewre
LO/lc
Unclassified / Declassified Holdings of the National Archives
The Division of Research and Statistics of the Board
of Governors of the Federal Reserve System, with the ns*lst~
ance of the Federal Reserve hanks. Is undertaking the innervision of a Works Progress Administration Project on the
distribution and activity of the deposits of a number of banks
in the period 1928-1933*
number about lUo.
These banks, now in receivership,
The main our poses of the study are to
supplement existing Information on the variations in the
deposit balances of different econoale classes in different
phases of business activity, to analyse the type and character
of dralue which theee banka experienced prior to suspension,
to throw some light on the relation of deposit balances to
credits to personal deposit holders1 accounts, and to provide
Information on the relation of borrowers1 deposits to their
borrowings*
Reproduced trom the Unclassified / Declassified Holdings of the National Archives
.
J a n u a ry
Of-
t
2 2, 1936.
£ ^ - ^ 6
TO ALL SUPERVISORS, WORKS RELIEF PROJECT:
The purpose of this letter is to give you further information and
instructions concerning the project and to answer one or two general
questions which have been raised in the reports of certain supervisors.
As a result of conversations with the Comptroller*s Office it hqs
been decided that the following records shall be made available to workers
for transcription:
1.
2.
3.
4.
5.
6.
Demand deposit ledger cards
Savings deposits cards
Certificates of Deposits register
Open book time accounts records
Liability ledger cards
Daily balance sheets
A letter is being sent to all receivers advising them to this effect.
You will note that the receivers’ reports and the records pertaining to
securities owned have been omitted from the previous list.
Some of the supervisors have reported that the local WPA officials
have not been notified of the project and are somewhat uncertain as to the
status of the supervisor. To avoid possible misunderstandings we have
requested the WPA to furnish you with a letter to State and local WPA
officials. This will serve as a more official introduction and will clar
ify the position of the supervisor.
It should prove helpful in soliciting
the cooperation and assistance of the local officials. In this connec
tion it is important to point out that this is a Federal WPA project and the
funds for its prosecution have been allotted directly to the supervisors
who, in their capacity as WPA employees, will certify expenditures thru
the State T r e a s u r y Accounts Offices. No allotment for the project will
be made to the State Works Progress Administration and the State WPA
Finance Department will not prepare the payrolls and collateral documents.
All employment of workers, however, is through the State Works Progress
Administrations.
We have, also, obtained additional information regarding the proced
ure to be followed in employing workers. Supervisors should make initial
application for workers at the Office of the State Works Progress Admin
istration. WPA Form 401 should be used for this purpose.
In preparing
this form it is suggested that the supervisor attach a separate sheet
calling attention to the special qualifications for workers. This might
be phrased somewhat as follows:
Reproduced from the Unclassified / Declassified Holdings of the National Archives
-
2
-
Qualifications for employees of Federal
Works Project— A Sample Study of Changes
in Distribution and Activity of Bank Deposits.
As this project involves a specialized type of work
perhaps it is advisable to explain in more detail the qual
ifications required of workers.
The schedu3.es used in the survey are to be filled in
from individual deposit ledger cards, customer liability
cards and other basic records of the subject banks. For
accurate transcription of these records it is essential
that the persons employed should be familiar with account
ing procedure and preferably should have had experience in
banks. Another reason for wanting to obtain former bank
employees is that they appreciate the confidential character
of the records to be transcribed. Moreover, an agreement
was made with the Comptroller of the Currency that workers
on the project shall bo approved by the Receivers in whose
offices they are to be placed.
It is necessary, therefore,
that persons of character and integrity shall be selected.
If no former bank employees are available from relief
rolls the next most qualified types of workers are account
ants, bookkeepers and office clerical workers.
The local WPA will decide whether workers will bo assigned from the
WPA rolls or the U. S. Employment Service rolls.
The Works Progress Administration at Washington has advised that
exemptions to employ non-relief workers can be granted to the supervisors
by State Works Progress Administrators without a special request from me.
The procedure in obtaining exemptions is as follows:
If, after interviewing the applicants assigned by the local WPA
or U. S. Employment Service, as the case may be, the supervisor finds
that qualified men are not available from relief rolls, he should notify
the State WPA Administrator and apply for an exemption to employ non-relief
workers. It is mandatory, however, that all non-relief employees shall
be registered with the U. S. Employment Service and shall be assigned to
the project thru this organization.
As mentioned in WPA Bulletin 8,
Revision A, all employees must hove either an Assignment Slip, U.S.E.S.
Form 525, or a Reassignment Slip, W.P.A.
Form 402. This is important, as
the numbers from these forms must be entered on the payroll opposite the
worker1s name. If no number appears, the payroll will be held up by the
Treasury Accounts Office.
™
" um l,,e unclassified / Declassified Holdings of the National Archives
-
5
-
In those .instances where you have discovered qualified workers
from a source other than the WPA or U. S. Employment Service, such workers
should be informed that they must register at the U. S. Employment Service
before they can become eligible for employment on the project. There is
no reason why the supervisor should not request by name workers whom he
knows to be registered at the U. S. Employment Service. I suggest, however,
that requests for assignment of particular workers to the project should be
handled tactfully, as the local officials may feel that the supervisors are
not cooperating in selecting qualified men whom they recommend. The super
visors must use their own judgment in handling this matter.
I can only
suggest that you continually stress that the character of the work and that
our agreement with the Comptroller of Currency that the receivers approve
all applicants are the determining factors in the selection of workers.
While the above procedure should be followed as closely as possible,
you may find it necessary to adapt it to the procedure established at the
local WPA administrations.
Please advise me of any difficulties in obtaining exemptions where
there arc no competent workers on relief rolls. I should also like to be
informed immediately of the employment of non-relief workers as the number
of such persons must be confined to ten percent of the total employed on
the project.
Wo have recently received Schedule A forms from the Government Printing
Office and have forwarded them to you with other supplies for the workers.
In the instructions the use of removal cards for bank records was mentioned.
As this would require a special order from the Government Printing Office
I believe that it will be satisfactory to use a blank sheet of paper for
this purpose.
In starting the workers on the transcription of Schedule A it is
important that the bank code be entered on each section of the schedule.
Also the workers should, bo carefully instructed to enter page numbers on
each section of the schedule, as this is our only means of matching the
type code to the deposit balance.
For each bank completed pages should be
numbered one, two, three, etc. The envelopes which are furnished for the
transmission of the two parts of the schedules to the editing center in New
York have the return address space left blank. When these envelopes are
used the return address entered here should be that of our New York office.
As arrangements for space have not yet been completed it will be necessary
for me to inform you of this address at a later time. Please advise if
additional schedules and supplies are needed.
We are now preparing the other schedules for printing. There will be
a few minor changes in these schedules from the samples which you have in
your possession.
The changes in most instances have been recommended by
the Central Statistical Board, which reviews all the schedules used in
connection with the? Federal Works projects.
reproduced from the Unclassified / Declassified Holdings of the National Archives
-4-
I hope you have received properly executed Advices of Allotment
from the State Treasury Accounts Office and are proceeding with the
employment of workers.
Yours sincerely,
Jf.'-Lx.f <—c
Lauchlin Currie,
Project Director.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
l
/-/
Information on the deposits of classified business and manu
facturing establishments as of December 31* 1935»
desired by the
Board of Governors for the following reasons:
1.
The Board of Governors is charged in large measure with the
responsibility of controlling the volume of money in the country, of
which three-fourths is in the form of deposits subject to check.
In order to determine the monetary requirements of the countiy, it
would be helpful to have data on the existing distribution of money.
It is suspected that the bulk of the money is held in non-personal
accounts, but existing data do not permit of verification of this
view.
2.
Information on holdings of demand deposits and time deposits
would throw some light upon the extent to which different classes of
business could finance expansion of operations without recourse to
borrowing.
This in turn would throw some light on the probable demands
for bank loans of various classes of business.
3.
The question of the advisability of securing a break-down of
deposits carried from banks is being explored.
A detailed and complete
covert study of the distribution of deposits as of a given date would
be a great aid in determining upon a significant classification;
Reproduced from the Unclassified / Declassified Holdings of the National Archives
The Board of Governors and tlie Federal Reserve banks are
providing supervision of a project being carried on by the Works
Progress Administration* designed to secure Information on
monthly changes in the distribution and activity of deposits in
a selected group of banka, for the period 1928-1931.
are now in receivership.
These banks
It is expected that the information
will throw light on the causes of bank failures, on the behavior
of different types of deposits at different phases of the business
cycle, on the varying monetary requirements of different classes
of individuals and businesses, and on other problems.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Fe d e r a l Re s e r v e Ban k
of
©35 J/yy 2Q
Ric h m o n d
^
January 18, 1936.
REC'D IN GENERAL pTLE$
DEC 5 - 1 9 3 6
Board of Governors
of the Federal Reserve System,
Washington, D. C.
* x / /
Attention of Mr. Chester Morrill, Secretary.
Dear Sirs;
We have received the Board's communication X-94-50, of
January 17
Jj with
wi
the suggested plan of apportioning expenses to
be borne by Federal reserve banks in the study of closed banks.
It is plain to us that the cost of this work would be very much
more than was anticipated at the beginning.
Vie are giving close
study to the matter in order to give you a more complete reply
to your letter, which we will do without unnecessary delay.
GJS-CCP
9
4£
Reproduced from the Unclassified / Declassified Holdings of the National Archives
\l
RESERVE B O A R D FILE
4uu-» y/
January 17, 1936,
& L
U
Mr, Richard L. Austin,
Chairman, Federal Reserve Bank
of Philadelphia,
Philadelphia, Pennsylvania,
Dear Sirs
It is noted
fro m
your letter of January 6th, relative
to the cost of supervision of tbs WPA study of closed
banks, that the Executive Committee of the Federal Reserve
Bank of Philadelphia approved the expenditure but ex
pressed the opinion that it should be reimbursed for any
expenses it might have in connection with the study.
The proper handling of the expenses inoidsnt to the
supervision of the project has been under discussion and
there Is inclosed a copy of a circular on this subject the
Board is sending today to the Governors of the Reserve
banks.
Very truly yours,
Chester Morrill,
Secretary*
Reproduced from the Unclassified / Declassified Holdings of the National Archives
x - W FOR ANSWERS SEE:
1.
2.
//
rf/bi'
tlxyib
3.
y/f/st
4.
W 3(
5.
V/ f/s(-
6.
ijin/yif
7.
8.
9.
ay* -'/ ic
i! z. c j
10.
11.
12.
zjc/K
»//V3A
/X c c
/ZJLU /> '?
, ; ,.. L„r
\ i 'i / n
Date:
Reproduced from the Unclassified / Declassified Holdings of the National Archives
c
FEDERAL RESERVE BOARD
W A S H IN G T O N
ADDRESS OFFICIAL CORRESPONDENCE TO
T H E FEDERAL RESERVE BOARD
January 17, 1936.
Dear Sir:
In planning the study of closed banks which has recently been
undertaken as a WPA project, it was proposed that the general super
vision, analysis and publication of significant findings be under
taken by the Board and the placement and supervision of workers be
undertaken by the Federal Reserve banks.
This was done in order to
ensure efficient supervision and also to meet the requirement that
ninety percent of total expenditures would be for labor from relief
rolls.
This requirement precludes the possibility of meeting the cost
of supervision from the amount allocated to the study by the President,
since the rent of space, machines and equipment for the tabulating
center will absorb the remaining ten percent of expenditures.
While
the Reserve banks have been cooperating in the preparatory work in
cident to the initiation of the project, the allocation of the cost
of supervision has not yet been determined beyond instructions that
a separate record of expenses be maintained.
The Board now proposes that the cost of supervision, exclusive
of supervision provided by the Board, be prorated among the Reserve
banks according to their capital and surplus.
siderations which prompt the suggestion.
There are several con
from the Unclassified / Declassified Holdings of the National Archives
-2-
X-9450
In the first place, this would be in harmony with the pro
cedure adopted in connection with the studies on member bank reserves
and on branch, group and chain banking.
Secondly, the burden of supervision is unevenly distributed.
In selecting the closed banks for study an effort was made to include
all national banks which had suspended from 1951 to 1953, inclusive,
in towns with a population of 25,000 or over and with deposits of
$1,000,000 or over.
It was felt that small banks in places with a
population of less than 25,000 would not have adequate space nor have
their records in good shape.
Moreover, it would be difficult to secure
white-collar workers in small places.
In addition to the national
banks, certain State banks were included where the cooperation of the
State Superintendent of Banking could be obtained.
As a consequence of this method of selection the number of
closed banks to be supervised is very unevenly distributed geograph
ically, as is shown in the accompanying table.
There are no banks in
the Ninth and Tenth Districts, and only one in the Eleventh District.
On the other hand, almost half the number of banks is concentrated in
the Fourth and Seventh Districts.
Finally, the findings of the study should be equally valuable
to all the Reserve banks.
The Works Relief Program offers a unique
opportunity to secure the transcription and tabulation of the itemized
assets and liabilities of a substantial number of banks for some years
preceding their suspension.
Such data would be of great help in
Keproduced from the Unclassified / Declassified Holdings of the National Archives
-3-
X-9450
studying the weakness in our banking structure disclosed by the depres
sion.
In a few years, when the receiverships are closed, records from
which such a study could be made will have been destroyed.
of the study, moreover, is not purely historical in nature.
The value
Anything
that can be done to make banks conscious of the necessity of corre
lating their loan and investment policies to the particular composi
tion of their deposits would be a contribution to the improvement of
banking practice.
The magnitude of the work of transcribing and tabulating the
necessary data would have precluded the System from undertaking the
study at its own expense.
Since, however, the President has allocated
upwards of $600,000 for the study the only cost to the Reserve banks
will be that of supervision.
In view of the foregoing the Board hopes that its suggestion
that any costs incident to supervision should be borne by the System
as a whole in an equitable manner, will receive your favorable con
sideration.
Very truly yours,
Chester Morrill,
Secretary.
Inclosure.
TO ALL GOVERNORS
Reproduced from the Unclassified / Declassified Holdings of the National Archives
X-9450-a
PRELIMINARY DISTRIBUTION OF CLOSED BANKS AND WORKERS IN THE
WPA PROJECT
Number of Banks
Number of Workers
1
15
29
2
10
26
5
14
28
4
21
68
5
11
22
6
5
15
7
46
98
8
18
59
9
-
-
10
-
-
11
1
4
12
6
16
145
545
brict
X-9450
J u n w r y F , 19 8.
Dear Sirs
In planning the study of closed bank# which has recently been undertaken as a WPA project, it was proposed that the general supervision,
analysis and publication of significant findings be undertaken by the
Board and the placement and supervision of workers be undertaken by
the federal Reserve banka.
This was done la order to ensure efficient
supervision and also to meet the requirement that ninety percent of total
expenditures would be for labor from relief rolls.
This requirement pre
clude* the possibility of meeting the co»t of supervision from tht amount
allocated to the study fey the President,
Since the rent of space, machines
and equipment for the tabulating center will absorb the remaining ten
percent of expenditures.
While the Reserve banka have bean cooperating
in the preparatory work incident to the initiation of the project, the
allocation of the coat of supervision has not yet been determined beyond
instructions ih*t a seoaratw record of excuse® be maintained,
, v "7W;.:
The Bosrd now proposes that the co.t of supervision, exclusive of
supervision provided by the Bosrd, be prorated awon*; the Reserve banks
according to their capital and surplus.
There are several considerations
which prompt the suggestion.
In the first place, this would be in hi rmony with tht procedure a* optod
la connection with the studies on member bank reserves and on branch, group
and chain banking.
Include all national banks which hud suspended from 1951 to 1953,
inclusive, in towns with a population of 26,000 or over end with
deposits of $1,300,000 or over.
It wee felt that rwe.ll benfcs In
places with e popula tion of lees W i n 26,000 would not have adequate
space nor hove their records In good shape*
Moreover, It would be
difficult to secure white-collar workers in small pieces*
In addition
to the national tanks, certain state banks were included where the
cooperation of th* State Superintendent of Banking could be obtained*
As a consequence of this method of selection the number of
closed banks to be supervised la very unevenly distributed geograph
ically, as is nhown in the accompanying table*
There are no banks
in the Hlnth and Tenth District®, and only one in the Eleventh Dist
rict.
On the other hand, almost ta.lf the number of banks is concen
trated in the Fourth and Seventh Districts*
Finally, the findings of the study should be equally valuable
to all the R^svrve tanks*
The Works Relief Program offers a unique
opportunity to secure the transcription and tabulation of the itemised
assets and liabilities of a substantial number of taxnke for some years
preceding their suspension.
Such data would bo of great hr;lp In
studying the weakness In our banking structure disclosed by the de
pression*
In a few years, when the reoelvur&hlps are closed, records
from which such a study could be mods will have been destroyed*
The
Reproduced from the Unclassified / Declassified Holdings of the National Archives
value of the study, aoreovar, la not purely histories! In nature,
Anythin*: that can be done to w-ke banks conscious of the necessity
of correlating their loan end larestaent policies to the particular
composition of th«lr deposits would be a contribution to the iuprovaaent of banking practice.
The uagnitude of the work of transcribing and tabulating the
necessary data would hr ve precluded the Syst,** froa undvrttiking the
study at its own expense.
Since, however, the President hoc allocsUd
upward# of $600,000 for the study the only cost to the Reserve ben<e
will be that of supervision.
In view of the foregoing the Board hopes that its suggestion
that any coats incident to supervision should be borne by the Sytstea
as a whole in an equitable manner, will rec Ivc your favorable consider
ation.
Very truly yours,
District
Humber of Banks
Humber of Workers
Reproduced from the Unclassified / Declassified Holdings of the National Archives
January 1 7 , 1956.
Dear Sir:
In planning the study of closed banks which has recently been under
taken as a VfPA project, it was proposed that the general supervision,
analysis and publication of significant findings be undertaken by the
Board and the placement and supervision of workers be undertaken by
the Federal Reserve banks.
This was done in order to ensure efficient
supervision and also to meet the requirement that ninety percent of total
expenditures would be for labor from relief rolls.
This requirement pre
cludes the possibility of meeting the cost of supervision from the amount
allocated to the study by the President,
since the rent of space, machines
and equipment for the tabulating center will absorb the remaining ten
percent of expenditures.
While the Reserve banks have been cooperating
in the preparatory work incident to the initiation of the project, the
allocation of the cost of supervision has not yet been determined beyond
instructions that a separate record of expenses be maintained.
The Board now proposes that the cost of supervision, exclusive of
supervision provided by the Board, be prorated among the Reserve banks
according to their capital and surplus.
There are several considerations
which prompt the suggestion.
In the first place, this would be in harmony with the procedure adopted
in connection with the studies on member bank reserve^ and on branch, group
and chain banking
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Secondly, the burden of supervision is unevenly distributed.
In selecting the closed banks for study an effort was made to
include all national banks which had suspended from 1951 to 1955,
inclusive, in towns with a population of 2 5 ,0 0 0 or over and with
deposits of $1,000,000 or over.
It was felt that small banks in
places ?/ith a population of less than 25,000 would not have adequate
space nor have their records in good shape.
Moreover, it would be
difficult to secure white-collar workers in small places.
In addition
to the national banks, certain state banks were included where the
cooperation of the State Superintendent of Banking could be obtained.
As a consequence of this method of selection the number of
closed banks to be supervised is very unevenly distributed geograph
ically, as is shown in the accompanying table.
There are no banks
in the Ninth and Tenth Districts, and only one in the Eleventh Dist
rict.
On the other hand, almost half the number of banks is concen
trated in the Fourth and Seventh Districts.
Finally, the findings of the study should be equally valuable
to all the Reserve banks.
The Forks Relief Program offers a unique
opportunity to secure the transcription and tabulation of the itemized
assets and liabilities of a substantial number of banks for some years
preceding their suspension.
Such data would be of great help in
studying the weakness in our banking structure disclosed by the de
pression.
In a few years, when the receiverships are closed, records
from which such a study could be made will have been destroyed.
The
Keproauced from the Unclassified / Declassified Holdings of the National Archives
-5-
value of the study, moreover, is not purely historical in nature.
Anything that can be done to make banks conscious of the necessity
of correlating their loan and investment policies to the particular
composition of their deposits would be a contribution to the improve
ment of banking practice.
The magnitude of the work of transcribing and tabulating the
necessary data would have precluded the System from undertaking the
study at its own expense.
Since, however, the President has allocated
upwards of $600,000 for the study the only cost to the Reserve banks
will be that of supervision.
In view of the foregoing the Board hopes that its suggestion
that any costs incident to supervision should be borne by the System
as a whole in an equitable manner, will receive your favorable consider
ation.
Very truly yours,
Chester Morrill,
Secretary.
TO ALL GOVERNORS
Reproduced from the Unclassified / Declassified Holdings of the National Archives
PRELIMINARY DISTRIBUTION OF CLOSED BANKS AND WORKERS IN THE
WPA PROJECT
District
Number of Banks
Number of
1
13
29
2
10
26
3
i4
28
4
21
68
5
11
22
6
5
13
7
46
98
8
18
39
9
-
-
10
-
-
n
1
4
12
6
l6
145
3*3
z
5
y
?
u'
Ik
V3
-
ho
January Hu, 1956, to January 51, 1956
\
_t
y -?$------$— * Supervisor^''' 0 . P . Number
■'Is#------v5--
/ BessendsS^
Q
4f Baxendale
No. of Workers
Relief Non-Relief
6.5-14-6804
15
65-11- 089
4
Total
15
3
7
Man Hours
Relief Non-Relief
3 ££"'
/
Total
Hours
Assigned,
Man 'Months
Relief Non-Relief
3ZT
// 5
3
/ 7J „
! 3.0
Z
Total
3
/
-yyr
/
" Hard
*>
- ey
65-54-3459
14
14
282
282
150
a.
65- 5-2568
3
5
18
18
120
6
\ Gordon
65-32-3467"
5
2
5
54
14
68
128
0
5 Gordon
65-25- 802
5
5
210
140
/ Lanford
65-55-2892
6
6
150
210_
v*?i
150
128
Miller
65-23-4615
12
12
552
552
150
f
*>
7
3 Seitz
65-22-5968
3
3
62
62
'
!
/
^Seitz
65-23-4615
1
,c?
1
8
0
<D
r
V 7
un
.^ 6 -.
Tn.
L.
d
A.
/
/k
a-""
0
/
S\
/
3
/,r
Reproduced from the Unclassified / Declassified Holdings of the National Archives
f e d e r a l
reserve
board
t
H * * /'
FEDERAL RESERVE BOARD
J
W A S H IN G T O N
7-9444
ADDRESS OFFICIAL CORRESPONDENCE TO
T H E FEDERAL RESERVE BOARD
January 16, 1936
Dear Sir
In connection with its studies on current and recent monetary
developments the Division of Research end Statistics is desirous
of obtaining a classification of deposits for October 25, 1953 and
November 1, 1935.
Inclosed is a list of the banks in your district
which have been selected for the purpose, together with the minimum
size deposit to be listed in each case.
It will be appreciated if
you will ask for their cooperation in supplying this information and
in this connection I am inclosing for your consideration a draft of
a letter to be sent to the selected banks.
Forms and instructions
are also inclosed.
Two of the largest banks in the country have already made a
classification at our request and reported that it involved very
little labor.
In addition, representatives of eleven large banks
have expressed their willingness to cooperate.
It is not anticipated,
therefore, that you will encounter any reluctance to supply the in
formation.
Very truly yours
Chester Morrill
Secretary.
Inclosures
TO ALL CHAIRMEN
2.11 •
file
-A
Reproduced from the Unclassified / Declassified Holdings of the National Archives
X-9444-a
January 16, 1936
Dear Mr. ___________________
The Division of Research and Statistics of the Board of
Governors of the Federal Reserve System is conducting a study of
movements of deposit accounts.
In order to throw light upon the
causes of the movements that have occurred in recent years it would
be most helpful to secure a classification of deposits by type of
business for 1935 and 1935.
This information would aid in inter
preting recent monetary developments, throw light upon the extent
to which various classes of business are in a position to finance
an increased volume of business activity without recourse to bor
rowing from the banks or capital markets, and would contribute to
our knowledge of the volume of money available for investment.
Complete information on this matter would call for a listing
of all deposits, which would involve too much work and expense.
It has been found, however, through the cooperation of two of the
largest banks and from other information, that a listing of large
deposits on two dates, classified sufficiently broadly so as to
preclude identification of individual accounts, would involve little
work and yet would cover a substantial proportion of the total.
Your cooperation in providing this information would be much
appreciated.
The specific request is a listing for October 25, 1933
Reproduced from the Unclassified / Declassified Holdings of the National Archives
- 2 -
X-9444-a
and November 1, 1955 of your deposit accounts which were in excess
of $ ____________
on either of these dates, classified under the
broad headings of manufacture, trade, public utilities, railroads,
finance, foreign, personal and other.
No publicity will be given to
the information for individual banks, as the information is desired
purely for statistical purposes.
Separate forms for the listing of demand and time deposits and
instructions for filling them out are inclosed.
required, I shall be very happy to supply them.
Very truly yours,
Inclosures.
If more forms are
C o n n e c tic u t
H a rtfo rd
H a rtfo rd N a tl. Bk. & T r . Co.
X
M assach u setts
B oston
*
*
«
a
M erchants R a tio n a l Bank
R a tio n a l Bhawmut Bank
Hew England T r u s t Company
Second R a tio n a l Bank
S ta te S t r e e t T r u s t Company
e w w e w
Reproduced from the Unclassified / Declassified Holdings of the National Archives
E
D
E
E
D
Rhode I s la n d
P ro v id en ce
I n d u o t r i s l T r u s t Company
E
F i r s t H & tio n el Bank
B
Mn n s t o i tti
B oston
The beaks appearing on this list are those referred to in Bo g rd letter
X -9444#
The meaning of the symbols which appear in the column at the r i g h t is
explained on the attached s h e e t#
Reproduced from the Unclassified / Declassified Holdings of the National Archives
The banks and sc h e d u le s r e f e r r e d to below a r e th o s e m entioned
In Board l e t t e r X -9 4 4 4 .
I t I s su g g este d t h a t th e number o f c o p ie s o f each sch ed u le
to be s e n t to each o f th e banks on th e e n clo se d l i s t sh o u ld be
a p p ro x im a te ly a s follow s*
Banks marked B, 1 2 c o p ie s o f "Demand A cco u n ts-H an u ftictu rin g f
e t c * ,* 6 c o p ie s o f "Demand A cco u n ta-F in en ee, e tc * * , and "Demand
A c c o u n ts -In d lv id u e la , e tc * * , 2 c o p ie s o f "Demand A cco u n ts-D ep o slt
A c c o u n ts .,.o f Own T r u s t D ep artm en t", 4 c o p ie s o f a l l o th e r sc h e d u le s
headed "Demand A cco u n ts", 4 c o p ie s o f "Time A cco u n ts-M n au feetu rin g ,
e t c * " , "Time A c co u n ts-F ia a n ce , e t c * " , "Time A c c o u n ts-F u b lic U t i l i t y "
and "Time A c co u n ta~ In d iv irtu al*, e tc * ” , and 2 c o p ie s o f a l l o th e r
sc h e d u le s heeded "Time A ccounts"*
Banks marked D, 4 c o p ie s o f "Demand A ccounts-A lnnuffecturlng,
e t c * " , 4 c o p ie s o f "Demand A cco u n t» -A ll O th e r* , and 2 c o p ie s o f a l l
o th e r sch ed u les*
Banka marked E, 4 c o p ie s o f "Deanna A ccounta-U enufi c t u r i n g , e tc
and two c o p ie s o f a l l o th e r sch ed u les*
I t i s b e lie v e d t h a t t h i s number o f sch e d u le s w i l l be s u f f i c i e n t
tc p e rm it th e r e p o r tin g banks to r e p o r t a l l a c c o u n ts o f th e d e a lg *
9a |e d s iz e and to make d u p lic a te s f o r t h e i r own u se i f th e y ao
d e s ir e * A few e x tr a c o p ie s have been e n c lo se d to be k e p t on hand
by A gents and fu r n is h e d to r e p o r tin g banks who may r e q u ir e them .
Agents sa y o b ta in a d d i t i o n a l c o p ie s from th e D iv is io n o f R esearch
and S t a t i s t i c s , Board o f G overnors o f th e F e d e ra l R eserve System*
Reproduced from the Unclassified / Declassified Holdings of the National Archives
PISTKICT
2
M B f c R1 PORTING ACCOTOTS OF >100.000 AMD OVER
Hew Jersey
Jersey City
Mewark
e
Hew York
Buffalo
«
Mew York City
9
9
9
9
9
9
9
0
9
Hew York
Sew York City
w
«
9
9
9
am
Hew York
Hew York City
*
Commercial Trust Company
Fidelity Union Trust Company
Mail, Newark & Ese*x Banking Co,
1
D
E
HfgSe & Traders Trust Company
Marine Trust Company
Bank of Mew’lorlrit Trust Company
Brooklyn Trust Company
Commercial H&tl, tik. & Trust Company
Corn Exchange Bank & Trust Company
Fifth Avenue Bank
Lawyer?; County Trust Company
Marine Midland Trust Company
Hew York Trust Company
Public Hail. Bk. & Trust Company
United States Trust Company
E
D
C
D
E
C
E
E
E
C
D
E
Bank of Manhattan Company
Central Hanover Bank & Trust Company
Chemical Bank & Trust Company
First Rational Bank of the City of
Hew York
Irving Trust Company
MfgSe Trust Company
B
B
B
B
B
B
m jam
Guaranty Trust Company
Shag-e National Bank
A
A
The banks appearing on this list ere those referred to in Board letter
X-9444.
The Meaning of the symbols which appear in the column at the right is
explained on the attached sheet.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
M a M f i U
The banks and sc h e d u le s r e f e r r e d to below a r e th o s e m entioned in
Board l e t t e r X -9444*
It Is suggested that the number of copies of each schedule to be
sent to each of the banks on the enclosed list should be approximately
as followsi
Banks marked A, 6 c o p ie s o f "Demand A c c o u n ts-H a a u fa c tu rln g , e tc * * ,
£ c o p ie s o f "Demand A cco u n te-B ep o sit A cco u n ts,..O w n T ru s t D epartm ent*,
fo u r c o p ie s o f a l l o th e r sc h e d u le s headed "Demand A cco u n ts", 4 c o p ie s
o f "Time A ccou n ts^M an u factu rin g , e tc * * , "Time A ccounts-F in& nce, e tc * * ,
•Time A ccounts~ P ublic U t i l i t y * , "Time A c c o u n ts -In d iv ld u a ls , e tc * * and
2 c o p ie s o f a l l o th e r sc h e d u le s headed "Time A c co u n ts",
Banks marked B, 1 $ c o p ie s o f "Demand A ccounts-M anufactur i ng , e t c . * ,
6 c o p ie s o f "Demand A cco u n ta-F in an ce, e t c .* and "Demand A c c o u n t^ I n d iv id u a l6
e t c .* Z c o p ie s o f "Demand A ccounts**of Own T ru s t D ep artm en t", 4 c o p ie s o f
a l l o th e r s c h e d u le s headed "Demand A c co u n ts", 4 c o p ie s o f "Time A cco u n tsM an u fac tu rin g , e tc * * , "Time A c co u n ts-F in a n c e, e t c . * , "Time A c co u n ts-P u b lic
U t i l i t y " , and "Time A c c o u n t^ -In d iv id u a la , e t c . * , and 2 c o p ie s o f a l l o th e r
sch e d u le s headed "Time A ccounts*.
Banks marked C, 1 0 c o p ie s o f "Demand A c co u n ts-M an u feetu rin g , e t c . " ,
4 co p lea o f "Demand A cco u n ts-F in a n e e, e tc * * , "Demand A c c o u n ts - ln d iv id m ls ,
e t c * " , and "Demand A cco u n ts-A ll O th e r" , 2 c o p ie s o f a l l o th e r s c h e d u le s
headed "Demand A c co u n ts", 4 c o p ie s o f "Time A cco u n ta-M en u factu rin g , e t c . * ,
"Time A c c o u n ts-F in a n c e, e tc ." ," T im e A c co u n ts^P u b lio U t i l i t y " , and "Time
A c c o u n ts -In d iv id u c la , e t c . " and 2 c o p ie s o f a l l o th e r sc h e d u le s headed
"Time A ccounts*.
Banks marked D, 4 c o p ie s o f "Demand A cco u n ta-M an u fto tu rin g , e t c . * ,
4 c o p ie s o f "Demand A cco u n ts-A ll O th e r" , and 2 c o p ie s o f a l l o th e r sc h e d u le s
Banka marked E, 4 c o p ie s o f "Demand A ccountu-M enufi.cturing, e t c . * ,
and 2 c o p ie s o f a l l o th e r sch ed u les*
It is believed that this number of schedules will be sufficient to
permit the reporting banks to report all accounts of the designated size
and to make duplicates for their own use if they so desire* A few extra
copies have bem enclosed to be kept on bond by Agents and furnished to
reporting banks who may require them. Agents may obtain additional copies
from the Division of Research and Statistics, Board of Governors of the
Federal Rose w e Dysism*
Reproduced from the Unclassified / Declassified Holdings of the National Archives
m i m ijl
??
P e n n sy lv an ia
P h ila d e lp h ia
N
ft
a
B
e
a
it
m
a m
W ilm ington T ru s t Company
£
C aa tra l-P en u * W&tl* Bank
Corn Exchange lb t l . Bk, & T r. Co.
P l d e l i t y - P h i l a » T ru s t Company
F i r a t N a tio n a l Be>nk
G ira rd T r u s t Company
P enna.C o. f o r In s u ra n c e s , e tc *
P h i l a . S a i l . Bk.
P ro v id e n t T r u s t Co.
E
E
D
E
D
D
C
E
W O C O K t J W W
Delaware
W ilmington
h o o i Qo q
The banks a p p e a rin g on t h i s l i s t a r e th o s e r e f e r r e d to in Board l e t t e r
1-9444.
The meaning o f th e symbols which ap p ea r in th e column a t th e r i g h t i s
e x p la in e d on th e a tta c h e d sh ee t*
Reproduced from the Unclassified / Declassified Holdings of the National Archives
aasaj
The banks and schedules referred to below are those mentioned in
Board letter X-9444.
It is suggested that the number of copies of each schedule to be
sent to each of the banks on the enclosed list should be approximately
as followsi
Banks marked C, 10 copies of "Demand Acco\mt»«4fcnuf*cturing, etc,*#
4 copies of "Demand Accouats-Finance, etc,”, "Demand Accounts-Xndividu-;Is,
etc,*, end *Demfcnd Accounts-All other*, £ copies of all other schedules
headed "Demand Accounts*, 4 copies of *Tiae Accounts«4lanuf&cturing, etc,*,
•Time Account^Finance, etc,*, *Tlme Accounts-Public Utility*, and "Time
Accounty-In«iivlduals, etc.*, and 2 copies of all oth»r schedules headed
"Time Accounts**
Banks marked D, ,4 copies of "Demand Aceounts-lionufacturing, etc,*,
4 copies of "Demand Aecaunts-All Other*, and £ copies of all other schedules
Banks marked E, 4 copies of "Demand Account^-Manufacturing, etc,*, and
£ copies of all other schedules.
It is believed that this number of schedules will be sufficient to
permit the reporting banks to report all accounts of the designated size
and to make duplicates for their own use if they so desire, A few extra
copies have been enclosed to be kept on hand by Agents and furnished to
reporting banks who may require them. Agents may obtain additional copies
from the Division of Research and Statistics, Board of Governors of the
Federal Reserve Syatcmi,
Reproduced from the Unclassified / Declassified Holdings of the National Archives
aaeai
.t m o s a , m
m
Ohio
Toledo
Pennsylvania
Pittsburgh
»
*
9
9
Rational City B&nk
Toledo Trust Company
W O d W W W W
Cleveland
«
w
Central Trust Company
Fifth-Third Onion Trust Company
Feraors Deposit Rati. Bk.
First S & U . Bk.
Mellon S&tl. Bk.
Psoplea-Pittsburgh Trust Co,
Union Trust
O W O W H
Cincinnati
t
w
First national Bank
Central United Rational Bank
Cleveland Trust
The banka appearing on this list arc those referred to in Board letter
X-9444.
The meaning of the symbols which appear in the column at the right is
explained on the attached eheet.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
a&m&xjk
The banks and schedules referred to below are those mentioned In
Board letter X-9444.
It Is suggested that the number of copies of each schedule to be
sent to each of the banks on the enclosed list should be approximately
as followsi
Banks marked C, 10 copies of "Demand Accounts-Aifcnufaoturiag, etc.",
4 copies of "Demand Account#-!ia&noe, q l c .% "Demum3 Accovmto^Indlvldmls,
etc.*, and 11Demand Accounts-All Other*, Z copies of all other schedules
headed "Demand Accounts*1, 4 copies of "lime Aoco=.tnts-4ianuf«eturing, etc#",
"Tine Accounta-finance, etc.", "Tims Ac county-public Utility", and "lime
Accounte-Indlvldnale, etc.*, and t copies of all other schedule# headed
"Time Accounts".
Banks merited D, 4 copies of "Demand Accounts-ttenuideturing, etc.",
4 copies of "Demand Accounta-A11 Other", and 2 coplea of all other schedules.
Banks marked £ , 4 copies of "Demand Accounts-Manufa during, etc.*, and
2 copies of all other schedules*
It la believed tiiat this number of schedules will be sufficient to
permit the reporting banks to report all account# of the designated else
and to make duplicates for their own use if they so desire. A few extra
copies have been enclosed to be kept on head by Agents and furnished to
reporting banks who may require them. Agents m y obtain additional copies
from the Division of Research and Statistics, Board of Governors of the
Federal Reserve System.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
o> *1 0 0 . 0 0 0
ahe qvek
District of Columbia
Washington
Riggs Rational Bank
£
Maryland
Baltiswre
First national B<nk
D
Virginia
Richmond
First 6 Merchants Rational Bank
E
the baake appearing on this H a t are those referred to in Board letter
1* 9444*
the meaning of the symbol9 which appear in the column at the right is
explained on the attached sheet*
Reproduced from the Unclassified / Declassified Holdings of the National Archives
mmsu.
The banks and schedules referred to below are those mentioned in
Board letter 1-9444.
It is suggested that the number of copies of each schedule to be
sent to each of the beaks on the enclosed list should be approximately
ue followsi
Banks marked D, 4 copies of *Demand AccountB-Hanuf&cturlng, etc,*,
4 copies of *£eBRnd Account»-All Other*, and 2 copies of all other schedules
Banks marked E, 4 copies of *Domand AccounttwManudTaeturlng, etc,*,
and t copies of all other oohedules.
It le believed that this number of schedules will be sufficient to
permit the reporting banks to report all accounts of the designated else
and to make duplicates for their own use If they so desire, A few extra
copies have been enclosed to be kept on hand by Agents and furnished to
reporting banks who any require them# Agents mey obtain additional copies
from the Division of Research and Statistics, Board of Governors of the
Federal Reserve System,
Reproduced from the Unclassified / Declassified Holdings of the National Archives
S M M S l .s
A&m ilM G.-ACLom w M
IjOftaQOQ ,
-Q M
Alabama
Birmingham
First National Bank
Georgia
Atlanta
Savannah
First National Bank
Citizens & Southern Natl. Bank
Louisiana
Mew Orleans
Whitney National Bank
The banks appearing on this list are those referred to in Board letter
1-9444
Reproduced from the Unclassified / Declassified Holdings of the National Archives
H M W T-3.
The benk» a a u 6chedu2.es referred
Board letter X-9444*
to
b e lo w
a re
t h o s e m e n t io n e d
la
It ie s u g g e s t e d t l i A t the n u m b e r of c o p i e s o f ecch schedule to
be stint to each of the banks on the enclosed list s h o u ld bo approximately
as follows$
Four copied of "hoauiud Accounta-BGnuf&cturine, etc*”, and fc copies of all
other schedules*
It 1n believed that this number of schedule0 will be sufficient to
permit the reporting banks to report all accounts of the designsted size
end to make duplicates for their own uee if they so desire• A few extra
copies h&ve been enclosed to be kept on head by Agonic and furnished to
reporting banks who m y require th'«a* Agents m y obtain additional copies
from the Division of Research and Statistics, Board of Governors of the
Federal Reserve System*
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Mittg 1
G AjDvOuiTiV Ci ♦lv/OmOOG AH£ OVER
Illinois
Chicago
t
#
City Natl. Bk. & Trust Co*
Harris Trust & Savings Bk.
Northern Trust Co*
Q o u
Indiana
Indianapolis
Indiana Natl. Bk.
w
lllchis&3
Detroit
t
•
Detroit Savings Bk*
Mfgrs. National Bank*
Natl* Bk. of Detroit
m q cj
Wisconsin
Milwaukee
First Wisconsin Natl. Bank
a
Continental 111. Natl.Bk. &
Trust Company
First Natl. Bk.
cq
Illinois
Chicago
E
E
D
C
D
B
B
ro
a
D
C
C
Ihe^benku appearing on this H a t are those referred to In Board letter
fhe ■eanlng of the symbols which appear In the column at the rlrht Is
explained on the attached sheet.
’
Reproduced from the Unclassified / Declassified Holdings of the National Archives
rnmmjL
The banks and schedules referred to below are those mentioned ia
Board letter X-9444.
It Is a t t e s t e d that the number of copies of each schedule to be
sent to each of the banks on the enclosed list should be approximately
as follows!
Banks marked B, 18 copies of "Demand Accounta-itenuf&cturing, etc,*#
8 copies of "Demand Accoimts-Flnanc©, etc** and "Demand Account^^Individuals
etc,*, 2 copies of "Deraand Accounts...of Own Trust Department*, 4 copies of
all other schedules headed "Dementi Accounts*, 4 copies of "Time AccountsManufacturing, etc**, "Time Aecorntm-fiaance, etc,*, "Tine Acco5mis-Puhlic
Dtility", end "Ti^e Accounts~Iaoividunl», etc,*, and 2 copies of all other
schedules headed •"Use Accounts*,
Banks marked C, 10 copies of*Dsaand Accounta-Sknufacturing, etc**,
4 copies of * B w n d Accounto-Flan nee, etc**, "Demand Accounta-Indlvidu&ls ,
etc,*, and "Demand Account3-All Other", 2 copies of all other schedules
headed *Deaaad Accounts", 4 ctipies of "Time Accounts-IS»nufr-cturlng, etc.*,
"Time AccountE-Fim nee, etc,*, "Time Accounts-Publlo Utility*, and "Tine
Account $-Individuals, etc,* and 2 copies of all other schedules heeded
"Tine Accounts*.
Banks marked D, 4 copies of "Demand Aoco uat^-Manufacturiag, etc.*,
4 copies of "Douand Account 3-All Other", and 8 copies of all other schedules
Banka marked I, 4 copies of "Demand Account ^-Manufacturing, etc#*,
and 2 copies of all other schedulee*
It la believed that this number of schedules will be sufficient to
permit the reporting banks to report ell accounts of the deoigneted size
and to amkm duplicates for their own use if they so desire, A few extra
copies have been enclosed to be kept on hand by Agents end furnished to
reporting banks who may require them. Agents may obtain additional copies
from the Division of Research and Statistics, Board of Governore- of the
Federal Reserve System*
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Kentucky
Louisville
Gitisene Union K©tl, Bk.
E
Bo<t1man* e Hi tlcnsl Bank
First letiottsl Sink
Merestile^Cot m eroe Bank St
Trust Company
Miesicfippl Valley Trust Co.
w o
bitmact a
S t . Louis
n
m
*
**r l a *
oatois l l s t »r e th o s e r e f e r r e d to In Board l e t t e r
Tbe Meaning of the symbols which appear In the column at. tu, -<
,
explained on the attached sheet.
thr right le
o w
liasouri
Reproduced from the Unclassified / Declassified Holdings of the National Archives
ssm ssti
The banka and schedules referred to below are those mentioned In
Board letter X-9444.
It ie suggested that the number of copies of each schedule to be
aent to each of the banks on the enclosed list should be approximately
as follows!
Banka marked G, 10 copies of "Demand Accounta-lknufacturlng, etc#*,
4 copies of "Demand Accounts-Flnance, etc.*, *Demend Accounte-Indlridutly,
etc.*, and "Demand Account h -<A11 Other", £ copies of all other schedules
headed "Demand Accounts*, 4 copies of "Time Aecountp»ii|8nufBeturing, etc#",
•fine Accounts-Finance, etc.", "Time Accounts-Bublic Utility*, and "Timm
Accountx-Intiividua 1 «, etc." and. 8 copies of all other tiChfdnles he&ded
"Time Accounts*#
Banks marked D, 4 copies of "Demand Accomts-4tenuff eiuring, etc#*,
4 copies of "Demand..Accounts— All Other", end t copies of all other schedules*
Banks marked $, 4 copies of "Demand Accm<at»-Manuffee turing, etc#®,
and £ copies of all other schedules*
It is believed that this number of schedules will be sufficient to
permit the reporting banks to report all accounts of the designated else
and to sake duplicates for their own use if they eo desire* A few extra
copies have been enclosed to be kept on hand by Agents end furnished to
reporting banks who may require them* Agents may obtain additional copies
from tiie Division of Research and statistics, Board of Governors of the
Federal Reserve System*
Reproduced from the Unclassified / Declassified Holdings of the National Archives
PISTRICT 9
Minnesota
Minneapolis
e
St. Paul
First H&tl* Bank & Tr. Coapauy
Northwestern H&tl* Bk* ft Tr* Co*
First National Bank
The banka appearing on this list are those referred to In Board letter
X-9444
Reproduced from the Unclassified / Declassified Holdings of the National Archives
The henkts and schedule s referred to below are those mentioned in
Board letter X-9444.
It la suggested that the number of copies of each schedule to be
sent to eecb of the banks on the enclosed list should be approximately
as followsi
4 copies of *Bewic! Accotmt.Manufacturing, etc.*, 4 copies of Deammri
Acco-jtnts-All Other*, and * copies of ell other schedules.
I t In believed that this number of wohedules will be sufficient to
permit the reporting b&nko to report all account & of the deelgnetsd slice
and to make duplicates for their own use if they ao desire, A few extra
copies have been enclosed to be kept on hand by Agents and furnished to
reporting banks who may require them. Agents m y obtain add litone1 copies
from the Divirion of Research end Statistics, Roerd of Governors of the
Federal Reserve System,
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Sj/.IiUyC
Mwumaaa. tsmm w sm m m
Cohe r e * Trust Co spa-ay
First Hatlonal Bank
si
First Wrtl. Bk. & Trust Co,
Wr
Bank Of Tulsa
m m
m
lUssonri
Kansas City
a
*11?
Oklahoma
Oklahoma City
Tulsa
The banks appearing on this list are those referred to In Board letter
X-9444,
The Meaning of the symbols which appear in the column at the right Is
explained on the attached sheet.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
The beaks and schedules referred to below are those mentioned in
Board letter 1-9444*
It is suggested ti*at the number of copies of each schedule to be
sent to each of the banka on the enclosed list should be approximately
as follows!
Banka marked D# 4 copies of *Demand Ac Co tints-Stmuf actur ing, etc.H,
4 copies of *Domond Accounts-All Other*# and £ copies of ell other schtdul
Benks marked b, 4 copies of *&eeond Accounts-38i;nuf?.d u r i n g » etc#11#
and £ copies of all other schedules.
It is believed that this number of schedules will be sufficient to
permit the reporting beaks to report all accounti» of the designated sine
and to wake duplicates f o r t h e i r own u se if they so desire, A few extra
copies have been enclosed to be kept on hand by Agent* end furnished to
reporting banks who any require them* Agents may obtain additional copies
from the Division of Research end Bt&tl sties, Board of Governors of the
Federal Reserve Syatea*
Reproduced from the Unclassified / Declassified Holdings of the National Archives
BltfTiilCT U
BMIK3 K 2 W M I H 0 A C C O U S K OF >100.000 AMD OTKB
Texas
Dallas
*
Houston
First Hational Bank
Republic Sail* Bk. & Trust Co.
First Satl» Bank
The banks appearing on this list are those referred to in Board letter
X-9444
Reproduced from the Unclassified / Declassified Holdings of the National Archives
The banks and schedules referred to below ere those mentioned in
Board letter 1-9444,
It la suggested that W ; number of coplea of each schedule to be
sent to each of the beaks on the enclosed list should be approximately
as follows|
4 copies of ■ •ifesm&ttti Aceotants-Hcaufaeiuring, etc.*, end t copies of ell
other schedules,
It is believed that this number of schedules will be sufficient to
permit the reporting banks to report all accounts of the designated sine
and to make duplicates for their own us© If they so desire* A few «atfi
copies have beezi enclosed to be kept or. hrnd by Agents and furnished to
re p o r i n g bunks who a»y require them. Agents nry cbtein additional cooies
from the Division cf Research sad Statistic**, Boerd of Governors of the
Federal Esaervc Symtou
Reproduced from the Unclassified / Declassified Holdings of the National Archives
m naam
m m jw suw
a *100.000 andana
Californio
Loe Angeles
*
California Bank
Cltisane national Tr. & Srgs.Bk*
Farmers 1 Slorohantfc Rati* Bk.
Securliz-Firat Hatl# Bit.
American Trust Conyany
Aaclo-Cel. Hail* E;*
Bank of California Rati. Assoc*
Crocker FArat Rational Bank
Wells Fargo 3k, & Union Tr. Co*
£
E
E
C
D
D
D
D
D
Oregon
Portland
•
First Rational Bunk
U. S. Rational Bank
X
E
Washington
Seattle
•
Firat Rational Bank
Bail. Bank of Commerce
E
E
Bank of America Hat. Tr. & Sav,
Association
B
m
n
San Francisco
*
■
•
California
San Francisco
the bones appearing on this list are those referred to In Board letter
1 -6 4 4 4 .
^ f e t ^ ^ m fthteh\ffl,=§e1^ jttifcepi” ar ** thC COlU,m ^
^
**
Reproduced from the Unclassified / Declassified Holdings of the National Archives
The bunks tmti schedules referred to below ere those mentioned in
Board letter X-B444*
It la suggested that the number of copies of each ached tile to be
sent to ouch of the banks on the enclosed list should be approximately
as follows!
Banks marked B, 18 contra of "Demand Accounts-Manufrcturing, etc.*,
S oooles of *Demand Accouats-Fitiaaoe, etc*8, and "Demand Aooount>*Individuals
etc.*, t copies of #Deaand Accounts***of Own Trust Department*, 4 copies of
all other schedules headed *Dewsnd Accounts*, 4 copies of "Time Accounts*
Manufacturing, etc**, *Tiiae Aecounts-Finence, etc**, *Tlme Accounts-Fublie
Utility*, and "Time Accounts-Individuals, etc.*, and 2 copies of all other
schedules headed *Tise Accounts**
B&nks merked 0, 10 cooi^s of *Demend Account-»*4Hmufecturing, etc,*,
4 copiee of *D«»stnd Acooimte-Finence, etc**, *Demand Aceo mte-Individuals,
etc**, and "Demand Accounts*All Other*, t co>iee of all other schedules
headed *B@asnd Accounts*, 4 copies of *Tiae Accounts-Manufecturing, etc.*,
"Time Account ^-Finance, etc**, "Time Account^-Public Utility*, and "Tim©
Aceounts-Individuals, etc.* and Z copies of all other schedules headed
•Time accounts**
Banks marked D, 4 copies of "Demand Accounts-llamifecturing, etc.*,
4 copies of "Demend Accounte-All Other*, and 2 copies of all other schedules*
Banks marked E, 4 copies of "Demand Accounte-jKenufacturing, etc.*,
and 2 copies of all other schedules*
It is believed that this number of schedules will be sufficient to
permit the reporting banks to report all accounts of the designated else,
and to make duplicates for their own use If they so desire. A few extra
copies have been enclosed to be kept on hand by Agents and furnished to
reporting banks who may require them, Agents may obtain additional copies
from the Division of Research and Statistics, Board of Governors of the
Federal Reserve System*
Reproduced from the Unclassified / Declassified Holdings of the National Archives
EDITING OF SCHEDULES BY AGENTS
When schedules arc returned to Agents, they should be inspected
for errors and corrected at the Agent’s office, where possible, or,
if necessary, by returning schedules to the reporting banks.
Particular
attention should be given to the following points:
1. The name- of the reporting bank should appear on each sheet
returned.
2. Balances should be listed in thousands of dollars. Cases in
which balances have been listed in dollars and cents, exactly as they
appear on the deposit ledger, and cases in which balances have been
listed in dollars, can be easily detected and corrected.
3. Complete absence of entries from column 1 is likely to indicate
that the reporting bank has failed to report balances of accounts now
closed, rather than that the bank in question has experienced no with
drawals of accounts of the designated size.
4. If a balance appears in column 2, a balance should also appear
in column 5 on the same line.
If a balance appears in column 3, a balance
should also appear in column 2 on the same line.
5. If column 2 and column 3 show no balances of less than the
designated size, the fact is likely to indicate failure to follow the
instruction to list balances for both dates of all accounts of the
designated size on either of the two dates. That is, it is likely that
some accounts which had balances of $100,000 or over on November 1,
1955, had balances of less than $100,000 on October 25, 1055. It is also
likely that some accounts which had balances of $100,OOd or over on
October 25, 1933, had balances of less than $100,000 on November 1, 1955.
In both cases balances for both dates should be reported.
6. Only one account should be listed on each line. Figures should
not appear in both column 1 and column 4 on the same line.
7. If more than 25% of the total number of accounts reported are
listed in the "All Other" classification, the fact is likely to indicate
an unduly loose classification of accounts by the reporting banks.
8. Before returning schedules to the Division of Research and
Statistics, total each of the four columns on each sheet and check totals.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
SCHEDULES AND INSTRUCTIONS ARE BEING SENT UNDER SEPARATE COVER
Reproduced from the Unclassified / Declassified Holdings of the National Archives
THESE SCHEDULES AND INSTRUCTIONS ARE TO BE USED
FOR THE REPORTS FROM SELECTED BANKS MENTIONED IN BOARD
LETTER X-9444.
THE NAMES OF THE BANKS WHICH ARE TO BE
ASKED TO REPORT AND THE SUGGESTED NUMBER OF SCHEDULES
TO BE SENT TO EACH BANK ARE ATTACHED TO THIS LETTER.
ONE INSTRUCTION SHEET IS TO BE SENT TO EACH BANK.
INSTRUCTIONS FOR EDITING AFTER SCHEDULES ARE RETURNED
TO THE AGENT ARE ALSO ATTACHED TO BOARD LETTER X-9444.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
INSTRUCTIONS E'OR FILLING OUT REPORT ON DEPOSIT ACCOUNTS OF $100,000 AND OVER
Write name of bank on each sheet.
Report demand accounts included under items 1, 2 and 5 of Schedule K and
time accounts included under items 1(a), 1(b) and 1(d) of Schedule L on the
November 1, 1935, Report of Condition.
These items arc identical with items
1, 2 and 5 of Schedule K and items 2(a), 2(b) and 2(d) of Schedule L on the
October 25, 1955, Report of Condition.
Do not report Federal Government, State, county and municipal deposits or
deposits of domestic or foreign banks.
Note that demand accounts and time accounts are to be listed on separate
sheets.
In the case of business accounts, classify accounts according to the pri
mary activity of the depositor on the basis of the best information in your
possession.
The account of a railroad which has real estate holdings but which
is engaged primarily in transportation operations should be classified under
’’Railroad end Shipping Accounts, etc.”
The account of a manufacturing enter
prise which owns a number of retail or wholesale outlets but which is engaged
primarily in manufacturing should be classified under ’’Manufacturing and Mining
Accounts” .
The account of a department store which owns manufacturing estab
lishments but which is engaged primarily in retailing should be classified under
’’Trade and Service Accounts” .
Enter balances for both dates even if the balance was below $100,000 on
one of the dates.
Where a single depositor holds more than one account and the total balance
of all accounts held is $100,000 or over, enter the total balance of all ac
counts if convenient.
If not convenient, list each account of $100,000 or
over separately.,
If not enough forms were sent you, the Federal Reserve Agent of your
district will furnish additional forms upon request.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
REPORT OH DEMAND DEPOSIT ACCOUNTS OF $100,000 AND OVER
MANUFACTURING AND MINING ACCOUNTS
(Include canning and preserving, baking, slaughtering and meat packing, printing
and publishing, lumbering, oil and gas extraction and refining, and other manu
facturing and mining enterprises. Do not include enterprises with head offices
in foreign countries.)
(Name of bank)
(City)
(State)
Forward to the Federal Reserve Agent for your district
LIST A l l ACCOUNTS WITH BALANCES OF $100,000 OR OVER ON EITHER OF TEE TWO DATES
ENTER ALL FIGURES IN THOUSANDS OF DOLLARS
Balance October 2 5 , 1933
Accounts open
Oct. 25, 1933,
closed before
Nov. 1, 1935
(1 )
1
2
3
4
5
6
7
s
9
10
11
12
13
14
15
16
•
17
18
19
20
21
22
23
24
25
Accounts open
on both dates
Balance November 1, 1935
Accounts open
on both dates
Accounts opened
since Oct. 2 5 ,
1933
......
. (2 )
(3 )
(4)
Reproduced from the Unclassified / Declassified Holdings of the National Archives
REPORT ON DEMAND DEPOSIT ACCOUNTS OF $100,000 AND OVER
FINANCIAL, INSURANCE, AND REAL ESTATE ACCOUNTS
(Include finance companies, investment trusts, brokers and dealers in securities,
investment bankers, building and loan associations, mortgage companies, real estate
holding companies, real estate management companies, and all types of insurance
companies and insurance agents and brokers.
Do not include commercial banks and
savings banks. Do not include enterprises with head offices in foreign countries.)
(Name of bank)
(City)
(State)
Forward to the Federal Reserve Agent for your district
LIST ALL ACCOUNTS WITH BALANCES OF $100,000 OR OVER ON EITHER OF THE TWO DATES
ENTER ALL FIGURES IN THOUSANDS OF DOLLARS
Balance October 2 5 , 1933
Accounts open
Oct. 25, 1933,
closed before
Nov. 1, 1935
(1 )
1
2
3
4
5
6
7
8
9
10
11
12
13
l4
15
16
17
18
19
20
21
22
23
24
25
Accounts open
on both dates
(.2 )
Balance November 1, 1935
Accounts open
on both dates
(3)
Accounts opened
since Oct. 2 5 ,
1933
(4)
Reproduced from the Unclassified / Declassified Holdings of the National Archives
REPORT ON DEMAND DEPOSIT ACCOUNTS OF $100,000 AND OVER
PUBLIC UTILITY ACCOUNTS
( in c lu d e a l l te le p h o n e , te le g r a p h , l i g h t , p ow er, g a s , h e a tin g and w ater companies.
In c lu d e a l l p u b lic u t i l i t y h o ld in g companies.
In clu d e s t r e e t r a ilw a y s , r a p id tra n
s i t , "bus, ta x ic a b and tru c k in g companies o p e r a tin g p r im a r ily w ith in an urban a re a .
Do not in c lu d e in teru rb a n e l e c t r i c r a ilw a y s .
Do not in clu d e bus and tru c k in g com*p an ics p r im a r ily engaged in lo n g d is ta n c e tr a n s p o r ta t io n .
Do not in c lu d e e n te r
p r is e s w ith head o f f i c e s in f o r e ig n c o u n t r ie s . )
(Name o f bank)
(C it y )
(S t a t e )
Forward to th e F e d e ra l R eserve Agent f o r your d i s t r i c t
LIST ALL ACCOUNTS WITH BALANCES OF $100,000 OR OVER ON EITHER OF THE TWO DATES
ENTER ALL FIGURES IN THOUSANDS OF DOLLARS
Balance O ctober 2 5 , 1933
Accounts open
G et. 2 p, 1 9 33 ,
c lo s e d b e fo r e
Nov. 1, 1935
......... _ Q 1 .
1
2
3
4
5
6
7
S
9
10
11
12
1
:?
14
i5
16
17
IS
19
20
2
00 1
n
j
23
24
25
' _____ _
Accounts open
on both dates
............( 2 )
B alance November 1, 1935
Accounts open
on both d ates
(B )
Accounts opened
s in ce O ct. 2 5 ,
1933
(4 )
Reproduced from the Unclassified / Declassified Holdings of the National Archives
REPORT ON 03k _,D ^ vO SIT ACCOUNTS OF $100,000 . J
i
JR
RAILROAD AND SKIPPING ACCOUNTS AND ACCOUNTS OF OTHER ENTERPRISES
ENGAGED IN LONG DISTANCE TRANSPORTATION
(Do not
include enterprises with h e a d offices
(Name o f bank)
in f o r e i g n c o u n t r i e s . )
(C it y )
(S ta te )
Forward to th e F e d e ra l R ese rv e Agent f o r 2^our d i s t r i c t
LIST ALL ACCOUNTS WITH BALANCES OF $100,000 OR OVER ON EITHER OF THE TWO DATES
ENTER ALL FIGURES IN THOUSANDS OF DOLLARS
Balance October
Accounts
Oct. 25,
open
I9 3 3 ,
closed before
Nov.
1,
2 5 , 1933
Accounts
on both
open
dates
Accounts
on b o t h
(2)
1
2
3
4
5
6
7
-.. ........
g
9
10
11
12
13
l4
15
16
17
18
'
20
21
22
23
24
25
open
dates
1,
1935
Accounts
opened
s i n c e Oc t .
25,
19 3 3
1935
_____ o j ____
19
Balance November
m
(k)
Reproduced from the Unclassified / Declassified Holdings of the National Archives
KEPOHT ON r n
°USIT ACCOUNTS OF $100,OOC
W
ND
HR
TRADE AND SERVICE ACCOUNTS
(In c lu d e r e t a i l e r s , w h o le s a le r s , jo b b e r s , s e l l i n g a g e n c ie s and o th e r d is t r ib u t o r s .
In clu d e h o t e l s , la u n d rie s , re s ta u ra n ts , and amusement e n te r p r is e s .
Do not in clu d e
e n te r p r is e s w ith head o f f i c e s in f o r e ig n c o u n t r ie s . )
(Name o f bank)
(C it y )
(S ta te )
Forward to th e F e d e ra l R eserve Agent f o r you r d i s t r i c t
LIST ALL ACCOUNTS WITH BALANCES OF $100,000 OR OVER ON EITHER OF THE TWO DATES
ENTER ALL FIGURES IN THOUSANDS OF DOLLARS
Balance October
Accounts
2 5 » 1933
Balance November
1, 1 9 3 5
open
Oct. 25. 1 9 3 3 ,
closed before
Nov. 1, 1 9 3 5
(1)
1
2
3
4
5
6
7
8
9
10
11
12
13
iU
15
lo
17
18
19
20
21
22
23
24
25
Accounts
open
on both dates
Accounts
on both
open
dates
Accounts
opened
since Oct.
1 9 33
.............
(2 )
n )
(4)
25,
Reproduced from the Unclassified / Declassified Holdings of the National Archives
REPORT ON DEMAND DEPOSIT ACCOUNTS OE $100,OuO ANjj OVER
INDIVIDUALS AND PERSONAL HOLDING- COMPANIES
( I n c l u d e a l s o f u n d s o n d e p o s i t in the h a n k i n g d e p a r t m e n t to t h e c r e d i t of t r u s t e e s
w h e r e the b e n e f i c i a r y is a n i n d i v i d u a l or g r o u p of i n d i v i d u a l s , e x c e p t f u n d s to
the c r e d i t of o w n t r u s t d e p a r t m e n t .
c i l e d in f o r e i g n c o u n t r i e s .)
(Name o f hank)
Do n o t i n c l u d e a c c o u n t s o f i n d i v i d u a l s d o m i
(C it y )
(S t a t e )
Forward to the E ederal R ese rv e Agent f o r your d i s t r i c t
LIST ALL ACCOUNTS WITH BALANCES OE $100,000 OR OVER ON EITHER OE THE TWO DATES
ENTER ALL FIGURES IN THOUSANDS OE DOLLARS
Balance
Accounts
October
1,
a)
1
2
3
4
5
6
7
S
9
10
11
12
13
l4
15
16
17
is
19
20
21
22
23
24
25
Balance November
1,
1935
open
Oct. 2 5 , 1933,
closed before
Nov.
2 5 , 1933
Accounts
on b o t h
open
dates
Accounts open
on b o t h dates
Accounts opened
s i n c e Oct. 2 5 ,
1933
1935
|_____
(2)
(3)
(4)
Reproduced from the Unclassified / Declassified Holdings of the National Archives
IMPORT ON DEMAND DEPOSIT ACCOUNTS OF $100,000 AND OVER
'
DEPOSIT ACCOUNTS IN BANKING DEPARTMENT
TO CREDIT OF OWN TRUST DEPARTMENT
(Name o f bank)
(C it y )
( S ta te
Forward to th e F e d e ra l R eserve Agent f o r your d i s t r i c t
LIST ALL ACCOUNTS WITH BALANCES OF $100,000 OR OVER ON EITHER OF THE TWO DATES
ENTER ALL FIGURES IN THOUSANDS OF DOLLARS
!
B alance November 1, 1 9 3 5
B alance O ctober 2 5 , 1 9 3 3
Accounts open
O ct. 2 5 , 1933.
c lo s e d "before
Nov. i, 1 9 3 5
............ m
Accounts open
on both d a tes
Accounts open
on "both dates
1933
.........
(2 )
(3 )
1
2
3
4
5
6
7
8
9
10
11
12
13
l4
15
16
17
'
18
19
20
-
21
22
23
24
25
Accounts opened
s in c e O c t. 2 5 ,
i
............ (4)...........
Reproduced from the Unclassified / Declassified Holdings of the National Archives
REPORT ON
^EPOSIT ACCOUNTS OE $100,00'' 4MP ~VER
FOREIGN ACCOUNTS
^
( In clu d e a l l in d iv id u a ls d o m ic ile d in f o r e i g n c o u n trie s and a l l business and fin a n
c i a l e n te r p r is e s w ith head o f f i c e s in f o r e ig n c o u n tr ie s , excep t f o r e ig n banks. )
(Name o f bank)
(C it y )
(S t a t e )
Forward to th e F e d e ra l R eserve Agent f o r your d i s t r i c t
LIST ALL ACCOUNTS WITH BALANCES OF $100,000 OR OVER ON EITHER OF THE TWO DATES
ENTER ALL FIGURES IN THOUSANDS OF DOLLARS
Balance October
Accounts open
O ct. 2 5 , 1 9 3 3 ,
c lo s e d b e fo r e
Nov. 1, 19 3 5
_________ ( l k _ ____
2 5 , 1933
Balance November 1 , 1935
Accounts open
on b o t h dates
Accounts open
on b oth d ates
Accounts
opened
s i n c e Oct,
25,
1933
.
( 2)
........
(3 )
ho
1
2
3
4
5
6
7
8
9
10
11
12
13
l4
15
16
17
18
19
20
w—-------------------- -
21
22
23
24
25
Reproduced from the Unclassified / Declassified Holdings of the National Archives
REPORT ON DEMAND DEPOSIT ACCOUNTS OE $100,000 AND OVER
ALL OTHER ACCOUNTS
( In clu d e accounts o f the s p e c if ie d s iz e which do not f a l l under any o f th e o th er
c la s s ific a tio n s .
Do not in c lu de F ed e ra l Government or S t a t e , county and m unicipal
d e p o s its *
Do not in c lu d e d e p o s its o f dom estic or f o r e ig n b a n k s.)
(Name o f bank)
( C it y )
(S t a t e )
Forward to th e F ed e ra l R eserve Agent f o r your d i s t r i c t
LIST ALL ACCOUNTS WITH BALANCES OF $100,000 OR OVER ON EITHER OF THE TWO DATES
ENTER ALL FIGURES IN THOUSANDS OF DOLLARS
Balance October
Accounts
Oct.
1,
2
3
4
5
6
7
S
9
10
li
12
13
i4
15
l6
17
IS
-
19
20
21
22
23
24
25
Accounts open
on b o t h dates
1935
A ccounts o p ened
s in c e Oct. 2 5 ,
Accounts open
on b o t h dates
1933
1935
a)______1
1
B a l a n c e N o v e m b e r 1,
open
2 5 , 19 33,
closed before
Nov.
2 p , 1933
(2 )
(3)
!
(4)
Reproduced from the Unclassified / Declassified Holdings of the National Archives
REPORT OH TIME DEPOSIT ACCOUNTS OF $100,000 AMD OVER
MANUFACTURING AND MINING ACCOUNT'S
(Include canning and preserving, baking, slaughtering and meat packing, printing
and publishing, lumbering, oil and gas extraction and refining, and other manu
facturing and mining enterprises.
Do not include enterprises with head offices
in foreign countries.)
( Name
(State)
(City)
of b a n k )
Forward to the Federal Reserve Agent for your district
LIST ALL ACCOUNTS WITH BALANCES OF $100,000 OR OVER ON EITHER OF THE TWO DATES
WHETHER EVIDENCED BY PASSBOOK, CERTIFICATE OF DEPOSIT, OR OTHERWISE
ENTER ALL FIGURES IN THOUSANDS OF DOLLARS
B a l a n c e O c t o b e r 25,
Accounts
l,
(1 )
Balance
Accounts
open
on b o t h dates
(2 )
4
5
6
7
S
9
10
n
12
13
i4
15
16
17
-
19
22
23
24
25
open
on both dates
(3)
3
21
1,
1935
Accounts opened
since O c t . 2 5 ,
1933
2
20
Accounts
19 3 5
1
IS
November
open
Oct. 2 5 , 1933,
closed before
Nov.
1933
<•*
(4)
Reproduced from the Unclassified / Declassified Holdings of the National Archives
REPORT ON TIME DEPOSIT ACCOUNTS OF $100,000 AWD OVER
FINANCIAL. INSURANCE, AND REAL ESTATE ACCOUNTS
.
&
(Include finance companies, investment trusts, "brokers and dealers in securities,
investment bankers, building and loan associations, mortgage companies, real estate
holding companies, real estate management companies, and all types of insurance
companies and insurance agents and brokers.
Do not include commercial banks and
savings banks.
Do not include enterprises with head offices in foreign countries,)
(Name of bank)
(City)
(State)
Forward to the Federal Reserve Agent for your district
LIST ALL ACCOUNTS WITH BALANCES OF $100,000 OR OVER ON EITHER OF TEE TWO DATES
WHETHER EVIDENCED BY PASSBOOK, CERTIFICATE OF DEPOSIT, OR OTHERWISE
ENTER ALL FIGURES IN THOUSANDS OF DOLLARS
3 a l a n c e O c t o b e r 25,
Accounts
Balance
November
1,
1935
open
Oct. 25, 1933,
closed before
Nov. 1, 1 9 3 5
(X)
l
2
3
4
5
6
7
8
0
10
11
12
13
l4
15
16
17
18
19
20
21
22
23
1933
'
24
25for FRASER
Digitized
Accounts
open
o n both dates
Accounts open
on bot h dates
Accounts opened
s i n c e Oct . 2 5 ,
1933
(2 )
(3)
(4)
Reproduced from the Unclassified / Declassified Holdings of the National Archives
REPORT ON TIMS DEPOSIT ACCOUNTS OF $100,000 AND OVER
Public
utility accounts
(Include all telephone, telegraph, light, power, gas, heating and water companies.
Include all public utility holding companies. Include street railways, rapid tran
sit, bus, taxicab and trucking companies operating primarily within an urban area.
Do not include interurban electric railways. Do not include bus and trucking com
panies primarily engaged in long distance transportation.
Do not include enter
prises with head offices in foreign countries.)
(Name of bank)
(City)
(Stat e)
Forward to the Federal Reserve Agent for your district
LIST ALL ACCOUNTS WITH BALANCES OF $100,000 OR OVER ON EITHER OF THE TWO DATES
WHETHER EVIDENCED BY PASSBOOK, CERTIFICATE OF DEPOSIT, OR OTHERWISE
ENTER ALL FIGURES IN THOUSANDS OF DOLLARS
Balance October
Accounts
l,
1933
Balance
N o v e m b e r 1,
Accounts
open
o n bo t h dates
Accounts
Accounts
open
on b o t h dates
1933
(2 )
(4)
(3)
1
2
3
4
5
6
7
8
9
10
11
12
13
l4
15
16
17
18
*
SO
21
22
23
24
25
opened
s i n c e Oct .
19 35
________ L i l _
19
1935
open
Oct . 2 5 , 1933,
closed before
Nov.
25,
25,
Reproduced from the Unclassified / Declassified Holdings of the National Archives
REPORT ON TIMS DEPOSIT ACCOUNTS OF $100,000 AND OVER
RAILROAD AND SHIPPING ACCOUNTS AND ACCOUNTS OF OTHER ENTERPRISES
ENGAGED IN LONG DISTANCE TRANSPORTATION
(Do not include enterprises with- head offices in foreign countries.)
(Name of bank)
(City)
(State)
Forward to the Federal Reserve Agent for your district
LIST ALL ACCOUNTS WITH BALANCES OF $100,000 OR OVER ON EITHER OF THE TWO DATES
WHETHER EVIDENCED BY PASSBOOK, CERTIFICATE OF DEPOSIT, OR OTHERWISE
ENTER ALL FIGURES IN THOUSANDS OF DOLLARS
Balance October
Accounts
Oct . 25,
1,
1933,
2
3
4
5
6
7
8
9
10
11
12
13
l4
15
16
17
18
19
20
21
22
23
24
25
Account s open
on both dates
Accounts
open
on bot h dates
1933
Accounts
opened
s i n c e Oct,
1933
1935
-.(1 )
1
B a l a n c e N o v e m b e r 1,
open
closed before
Nov.
2 5 , 1933
...
(2 )
(3)
(4)
25,
Reproduced from the Unclassified / Declassified Holdings of the National Archives
REPORT ON TIME DEPOSIT ACCOUNTS OF $100,000 AND OVER
TRADE AND SERVICE ACCOUNTS
(Include retailers, wholesalers, jobbers, selling agencies and other distributors.
Include hotels, laundries, restaurants, and amusement enterprises. Do not include
enterprises with head offices in foreign countries.)
(Name of bank)
(City)
(State)
Forward to the Federal Reserve Agent for your district
LIST ALL ACCOUNTS WITH BALANCES OF $100,000 OR OVER ON EITHER OF THE TWO DATES
WHETHER EVIDENCED BY PASSBOOK, CERTIFICATE OF DEPOSIT, OR OTHERWISE
ENTER ALL FIGURES IN THOUSANDS OF DOLLARS
Balance October 2 5 , 1 9 3 3
Accounts open
Oct. 2 5 , 1933,
closed before
Nov.
1,
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
1
Accounts open
on both dates
Accounts open
on both dates
1935
(1 )
1
Balance November 1, 1 9 3 5
Accounts opened
since Oct. 2 5 ,
1933
(2 )
(3 )
(4)
Reproduced from the Unclassified / Declassified Holdings of the National Archives
REPORT ON;
"E
N)SIT ACCOUNTS OF $100,000
ID
UR
INDIVIDUALS AND PERSONAL HOLDING COMPANIES
(Include also funds on deposit in the banicing department to the credit of trustees
where the beneficiary is an individual or group of individuals, except funds to
the credit of own trust department. Do not include accounts of individuals domi
ciled in foreign countries.)
(Name of bank)
(City)
(State)
Forward to the Federal Reserve Agent for your district
LIST ALL ACCOUNTS WITH BALANCES OF $100,000 OR OVER ON EITHER OF THE TWO DATES
WHETHER EVIDENCED BY PASSBOOK, CERTIFICATE OF DEPOSIT, OR OTHERWISE
ENTER ALL FIGURES IN THOUSANDS OF DOLLARS
Balance October
Accounts
_________ u j ___ ____
2
3
4
5
6
7
g
q
10
n
12
13
14
15
lb
17
IS
♦
19
20
21
22
23
24
25
193 3
Balance November
1,
1935
open
Oct . 2 5 , 1933,
closed before
Nov. l, 1 9 3 5
1
25,
Accounts open
o n b o t h dates
Accounts
open
on b o t h dates
Accounts
opened
s i n c e O c t . 25,
1933
(2 )
(7)
_14)
Reproduced from the Unclassified / Declassified Holdings of the National Archives
REPORT ON TIME DEPOSIT ACCOUNTS OE $100,000 AND OVER
DEPOSIT ACCOUNTS IN BANKING- DEPARTMENT
TO CREDIT OF OWN TRUST DEPARTMENT
(Name of bank)
(City)
(State)
Forward to the Federal Reserve Agent for your district
LIST ALL ACCOUNTS WITH BALANCES OF $100,000 OR OVER ON EITHER OF THE TWO DATES
WHETHER EVIDENCED BY PASSBOOK, CERTIFICATE OF DEPOSIT, OR OTHERWISE
ENTER ALL FIGURES IN THOUSANDS OF DOLLARS
Balance October
Accounts
1
2
3
4
5
6
7
8
9
10
n
12
13
i4
15
16
17
18
19
20
21
22
23
24
25
19 3 3
Balance November
1,
193 5
open
Oct. 2 5 , 1 9 3 3 ,
closed before
Nov. l , 19 3 5
1! L
25,
Accounts
open
on b o t h dates
Accounts
open
on b o t h dates
Accounts
opened
s i n c e Oct .
1933
(2 )
(3)
(4)
25,
Reproduced trom the Unclassified / Declassified Holdings of the National Archives
REPORT ON TIME DEPOSIT ACCOUNTS OF $100,000 AND OVER
FOREIGN ACCOUNTS
(Include all individuals domiciled in foreign countries and all "business and finan
cial enterprises with head offices in foreign countries, except foreign banks.)
(Name of bank)
(City)
[state)
Forward to the Federal Reserve Agent for your district
LIST ALL ACCOUNTS WITH BALANCES OF $100,000 OR OVER ON EITHER OF THE TWO DAVES
WHETHER EVIDENCED BY PASSBOOK, CERTIFICATE OF DEPOSIT, OR OTHERWISE
ENTER ALL FIGURES IN THOUSANDS OF DOLLARS
Balance October
Accounts
Oct. 25,
Balance November
Accounts
open
on bo t h dates
Accounts
1
2
3
4
5
6
7
8
9
10
11
12
13
i4
15
16
17
18
19
20
21
22
23
24
25
_________ ____________ (2 1 .
open
on both dates
1 , 1335
_________ m
1,
1935
open
19 33,
closed before
Nov.
2 5 , 19 3 3
Accounts opened
s i n c e Oct. 2 5 ,
1933
(3)
(4)
Reproduced from the Unclassified / Declassified Holdings of the National Archives
REPORT ON m IME DEPOSIT ACCOUNTS OF $100,000 AND OVER
ALL OTHER ACCOUNTS
/T
;
(Include
. . .
i
accounts of the specified size which do not fall under any of the other
classifications.
Do not include Federal Government or State, county and municipal
deposits.
Do not include deposits of domestic or foreign hanks.)
(Name of bank)
(City)
(State)
Forward to the Federal Reserve Agent for your district
LIST ALL ACCOUNTS WITH BALANCES OF $100,000 OR OVER ON EITHER OF THE TWO DATES
WHETHER EVIDENCED BY PASSBOOK, CERTIFICATE OF DEPOSIT, OR OTHERWISE
ENTER ALL FIGURES IN THOUSANDS OF DOLLARS
Balance October 2 5 , 1933
Accounts
Oct.
closed before
Nov. l, 1 9 3 5
1
2
3
4
5
6
7
8
9
10
11
12
13
l4
15
16
17
18
19
20
21
22
13
24
25
—
1,
1935
open
2 5 , 19 33,
(i)
Balance November
Accounts open
on both dates
Accounts open
on both dates
Accounts
opened
s i n c e Oc t .
19 33
____________(.2 )
(3)
(4)
25,
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Letter from Mr. Morrill to Chairmen - January 16, 1956.
First <
snclosure- Draft of letter to be sent banks by chairmen.
M
Second
List of banks to whom letter is to be sent.
It
Information as to number of schedules to be
Third.
sent to each bank.
t!
Instructions for editing schedules after return
Fourth
to Agents.
*
Send under separate cover:
Instructions
Schedules - 18 different forms for the listing of demand accounts
of 9 different economic categories and time accounts
similarly classified.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
January 136 » 1956*
X -S 4 4 4
Dear Sirs
In connection with its studies on current and. recent monetary
developments the Division of Research and Statistics Is desirous
of obtaining a classification of deposits for October £6, 1955 and
November X# 1955*
Enclosed Is a list of the banks in your district
which have been selected for the purpose, together with the minimal
else deposit to be listed in each case*
It will be appreciated if
you will ask for their cooperation in supplying this information and
in this connection I am enclosing for your consideration a draft of
a letter to be sent to the selected banks*
Forms and instructions
are also enclosed*
Two of the largest banks in the country have already made a
classification at our request and reported that it involved very
little labor.
In addition, representatives of eleven large banks
have expressed their willingness to cooperate*
It Is not anticipated,
therefore, that you will encounter any reluctance to supply the information*
Very truly yours*
Chester Morrill
Seeret&ry
TO ALL CHAIRMEN
EAG:LC:em
Reproduced from the Unclassified / Declassified Holdings of the National Archives
FEDERAL RESERVE BOARD
W A S H IN G T O N
A D D R E S S O F F IC IA L C O R R E S P O N D E N C E T O
TH E FED ERAL RESERVE BOARD
January 16, 1956
X-9444
Dear Sir;
In connection with its studies on current and recent monetary
developments the Division of Research and Statistics is desirous
of obtaining a classification of deposits for October 25, 1955 and
November 1, 1955.
Enclosed is a list of the banks in your district
which have been selected for the purpose, together with the minimum
size deposit to be listed in each case.
It will be appreciated if
you will ask for their cooperation in supplying this information and
in this connection I am enclosing for your consideration a draft of
a letter to be sent to the selected banks.
Forms and instructions
are also enclosed.
Two of the largest banks in the country have already made a
classification at our request and reported that it involved very
little labor.
In addition, representatives of eleven large banks
have expressed their willingness to cooperate.
It is not anticipated
therefore, that you will encounter any reluctance to supply the in
formation.
Very truly yours,
Chester Morrill
Secretary
'TO ALL CHAIRMEN
Reproduced from the Unclassified / Declassified Holdings of the National Archives
January 36-, 1956 •
Dear Hr*
The Division of Research and Statistics of the Board of
Governors of the Federal Reserve System is conducting a study
of movements of deposit accounts*
In order to throw light upon
the causes of the movements that have occurred in recent years
it would be most helpful to secure a classification of deposits
by type of business for 1955 and 1958,
This information would
aid in interpreting resent monetary developments, throw light
upon the extent to which various classes of business are in a
position to finance an increased volume of business activity with
out recourse to borrowing from the banks or capital markets# and
would contribute to our knowledge of the volume of money available
for investment.
Complete information on this matter would call for a listing
of all deposits, which would involve too much work and expense.
It h&e been found, however, through the cooperation of two of the
largest banks and from other information, that a listing of large
deposits on two dates, classified sufficiently broadly eo as to
preelude identification of individual accounts, would Involve little
work and yet would cover a substantial proportion of the total.
Keproduced from the Unclassified / Declassified Holdings of the National Archives
V
lour cooperation in providing this information would be much
appreciated.
The specific request is a listing for October 25,
1955 and Movember 1, 1955 of your deposit accounts which were in
excess of |
..
on either of thess dates, classified under
the broad headings of mamufacture, trade, public utilities, railroads,
finance, foreign, personal end other.
Mo publicity will be given to
the information for individual banks, as the information is desired
purely for statistical purposes.
Separate forma for the listing of demand and time deposits and
instructions for filling thim out are enclosed.
If more forms are
required, I shall be very happy to supply them#
Very truly yours*
I
Reproduced from the Unclassified / Declassified Holdings of the National Archives
FEDERAL RESERVE BOARD
f jf- 4 if '
W A S H IN G T O N
A D D R E S S O F F IC IA L C O R R E S P O N D E N C E T O
T H E FED ERAL RESERVE BO ARD
January 16, 1956.
Dear Mr. ____________________
The Division of Research and Statistics of the Board of
Governors of the Federal Reserve System is conducting a study
of movements of deposit accounts.
In order to throw light upon
the causes of the movements that have occurred in recent years
it would be most helpful to secure a classification of deposits
by type of business for 1955 and 1955.
This information would
aid in interpreting recent monetary developments, thro?/ light
upon the extent to which various classes of business are in a
position to finance an increased volume of business activity with
out recourse to borrowing from the banks or capital markets, and
would contribute to our knowledge of the volume of money available
for investment*
Complete information on this matter would call for a listing
of all deposits, which would involve too much work and expense.
It has been found, however, through the cooperation of two of the
largest banks and from other information, that a listing of large
deposits on two dates, classified sufficiently broadly so as to
preclude identification of individual accounts, would involve little
work and yet would cover a substantial proportion of the total.
Keproduced from the Unclassified / Declassified Holdings of the National Archives
Your cooperation in providing this information would be much
appreciated.
The specific request is a listing for October 25,
1955 and November 1, 1955 of your deposit accounts which were in
excess
of $ __________
on either of these dates, classified under
the broad headings of manufacture, trade, public utilities, railroads,
finance, foreign, personal and other.
No publicity will be given to
the information for individual banks, as the information is desired
purely for statistical purposes.
Separate forms for the listing of demand and time deposits and
instructions for filling them out are enclosed.
required, I shall be very happy to supply them.
Very truly yours,
If more forms are
Reproduced from the Unclassified / Declassified Holdings of the National Archives
F o r m N o . 131
Office Correspondence
To— F i l e s —From
FEDERAL RESERVE
BOARD
D ate,
January 14, 1956,
Subject: -TPfl Study of Bank Deposits
----------------------- -
M r t rrhftrry f A s s i s t a n t C o n n s el---%
I f«rt»
1 6 - | 52
CL^Jt,chi
lli c o n n e c t i o n w i t h t h e W R A s t u d y -of t h e d i s t r i b u t i o n a n d
a c t i v i t y of b a n k d e p o sits, w h i c h has h e r e t o f o r e r e c e i v e d th e
tion and approval
of t h e
Board,
it is n o w p r o p o s e d t h a t t h e
incident to s u p e r v i s i o n of such study,
vided by the
banks.
Board,
be
borne ratably b y all
President.
The
of W R A
of s a l a r i e s t o
such power m u s t be
of
salaries
supervisors u n d e r the
Federal Reserve banks,
* * * all powers
of t h i s
Federal R e
inter alia;
in this Act,
to
specifically granted
of this Act and
shall be n e c e s s a r y to
of b a n ki ng w i t h i n the
A c t •"
- V-7/54
proposed
* * * s u c h o f f i c e r s a n d e m p l o y e e s as
b y the p r o v i s i o n s
pow ers as
of
specifically authorizes
are not otherwise provided for
d e f i n e t h e i r d u t i e s * * *" a n d
"to e x e rci se
cost
Federal Reserve banks a c
d e r i v e d f r o m s e c t i o n 4 of t h e
which authorizes
"t o a p p o i n t
X-
payment
If a Federal Reserve b a n k has power to make a payment
serve Act,
available
s u r p l u s , is l e g a l l y p r o p e r .
is n o p r o v i s i o n o f l a w w h i c h
or p r o h i b i t s t h e p a y m e n t
certain restrictions
namely,
be prorated among the
cording to their capital a n d
nature,
Reserve
q u e stio n a r i s e s as to w h e t h e r the a d d i t i o n a l
supervisors, w h i c h w i l l
plan.
Federal
funds w h i c h have been mad e
incident to s u p e r v i s i o n of the project;
There
expense
of s u p e r v i s i o n p r o
of th e
This becomes n e c essary in order to mee t
imposed u p o n the expenditure
by the
exclusive
considera
such incidental
carry on the business
limitations prescribed by this
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Files
2
—
In other words, the payment of salaries for the purpose indicated
can be justified only as the exercise of an incidental power which
is necessary to carry on a b a n k 1s authorized business*
It is well
settled that the word "necessary ", as used in this connection,
does not mean indispensable, but should be understood as including
all powers which are reasonably appropriate, convenient, or suitable
to the accomplishment of the prescribed corporate purposes.
In dis
cussing the corporate powers of a national bank which are prescribed
by section 5136 of the Revised Statutes in substantially the same
language as the above quoted provision of section 4, containing a
grant of corporate powers to Federal Reserve banks, the court in the
case of Heinz v. National Bank of Commerce, 237, Fed. 942, 950, stated:
"It is elementary that the corporate powers of
a national bank, as well as of other corpora
tions, are of two classes: (1) Those expressly
granted; and (2) those impliedly granted, as
reasonably incident and necessary to the carrying
out of the powers expressly granted. The former
have to do largely with the main business objects
and purpose of the corporation; the latter largely
with the means and methods of attaining those ob
jects and carrying out those purposes. The former
are determined once and for all by the language of
the charter or the fundamental law; the latter may
change according to time, place, and surrounding
circumstances. The test of the former is whether
they are found in the words of the charter or law;
the test of the latter is whether they are fairly
incident to the former, and reasonably necessary to
carrying them out."
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Files 3
— -3 —
It will thus be seen that the answer to the question under
consideration depends upon whether or not the payment of salaries to
supervisors may fairly be considered as reasonably incident or appro
priate to the prosecution of the authorized business of a Federal Re
serve bank.
The question cannot be answered in a broad, general way,
but must depend upon the particular facts and circumstances involved.
It is stated in the application for allottment of funds for
the project, filed with the Rational Emergency Council by the Board on
September 12, 1935, that:
"It is expected that this study will yield results
of value to commercial bankers in planning the allocation
of their assets and to the Reserve Administration in
formulating its credit policies.”
In a memorandum, dated September 3, 1935, prepared in the Board’s Divi
sion of Research and Statistics, it is stated that:
"The Reserve Administration is concerned not only
with improving banicing practice, but also with the
formulation of national credit policies and exerting
an influence on the total volume of deposits. It is
believed that information on the distribution of de
posits among individuals and businesses, on the shifts
in that distribution, and on the credits and debits
to personal accounts will prove helpful in the determina
tion of the deposit or monetary requirements of the
country.”
It is also stated in the attached letter to all Governors of Federal
Reserve Banks that:
”The findings of the study should be equally
valuable to all the Reserve banks” ,
J
Reproduced from the Unclassified / Declassified Holdings of the National Archives
-- 4—
F ile s
th a t:
"such d ata would be o f g r e a t h e lp in stu dyin g
th e weakness in our baulking s tru c tu re d is c lo s e d
by th e d e p re s sio n "
and t h a t :
"a n yth in g th a t can be done to make banks con scious
o f th e n e c e s s it y o f c o r r e la t in g t h e i r loa n and
investm en t p o l i c i e s t o a p a r t ic u la r com p osition
o f t h e i r d e p o s its would be a c o n tr ib u tio n t o th e
improvement o f banicing p r a c t ic e * "
On th e b a s is o f th es e statem en ts, i t
can h a rd ly be argued th a t th e
proposed study would n ot f a l l e it h e r w ith in one or more o f th e many
e x p r e s s ly d e le g a te d powers o f th e Board or the F e d e ra l R eserve banks
or i s rea so n ab ly in c id e n t a l t h e r e t o .
L e t us assume, how ever, f o r th e purpose o f argument, th a t th e
proposed study does n ot b ear a rea son ab le r e la t io n s h ip t o th e c o rp o ra te
purposes o f any p a r t ic u la r F e d e ra l R eserve bank and t h a t , t h e r e f o r e , i t
would be u lt r a v i r e s f o r th a t bank t o expend money f o r such study.
i f t h is were so, i t
Even
seems apparent th a t i t would not be u lt r a v ir e s f o r
th e Board t o expend i t s
funds f o r th e purpose in d ic a te d f o r th e reason
t h a t , on th e b a s is o f th e f a c t s , th e study has a v e r y c lo s e r e l a t i o n
ship t o the exp ressed powers o f th e Board, p a r t ic u la r ly w ith r e s p e c t
t o fo r m u la tin g n a tio n a l c r e d it p o l i c i e s .
T h e r e fo r e , w ith ou t c o n s u ltin g
th e F ed e ra l R eserve banks in th e m a tte r, th e Board i t s e l f could la w f u lly
p roceed w ith such study and, under th e a u t h o r ity o f th e t h ir d paragraph
Reproduced from the Unclassified / Declassified Holdings of the National Archives
-
F ile s
o f s e c t io n 10 o f th e F e d e ra l R eserve A c t , which empowers th e Board
t o le v y sem iannually upon th e F ed e ra l R eserve banks, in p ro p o r tio n
t o t h e i r c a p it a l stock and s u rp lu s, an assessm ent s u f f i c i e n t t o pay
its
estim a ted expenses and s a la r ie s o f i t s em ployees, o b ta in reim
bursement f o r any expenses in c u rre d in con n ection w ith th e stu dy.
In v ie w o f the above c o n s id e r a tio n s , I am o f th e o p in io n
th a t i t would n ot be u lt r a v i r e s f o r th e F ed e ra l R eserve banks t o b ear
th e expense in c id e n t t o s u p e rv is io n o f th e proposed study o f th e d is
t r ib u t io n and a c t i v i t y o f bank d e p o s its .
A c c o r d in g ly , th e r e is no
l e g a l o b je c t io n t o th e a tta c h e d l e t t e r to a l l Governors o f F e d e ra l
R eserve Banks s u g g e s tin g th a t th ey g iv e fa v o r a b le c o n s id e r a tio n t o
d e fr a y in g th e expense o f s u p e rv is io n as s e t fo r t h in such l e t t e r .
Attachm ent
Reproduced from the Unclassified / Declassified Holdings of the National Archives
F o r m N o . 1 31
FEDERAL RESERVE
BOARD
Office Correspondence
Date_
January 10, 1956.
To__
Board of Governors.
Subject:.
From.
Mr. Goldenweiser and Mr. Currie.
Classification of large deposits.
of changes in large deposit accounts of selected banks between the autumn
FOR
Mr
/
appro val
V
of 1955 and the autumn of 1935, classified by character of depositors.
\Z/ *'*ThlS,efetudy is for the purpose of throwing light on what classes of deposits,
I [/^ ybninier cial, industrial, or financial, account for the large increase in the
Mr. Thomas.
,
T
9 t « O iJ lii^ u lV .
V
........ .
\ / ...........*
total
deposits for these two years.
* ’ ♦
M r . . F ^ T T . . .
n
if you approve,
The feasibility of such a study was discussed with the Federal Advisory
please
aitial aad return
to Council on November El, 1955, and all the members of the Council individually
Mr. Carpenter
expressed their willingness to cooperate in this matter.
Subsequently the
National City Bank and the Bankers Trust Company carried out test studies
and offered certain suggestions.
As a result of these studies and further canvassing of the problem, it
is proposed that the three largest banks in the country be asked to report
for two dates and classify their deposit accounts of over $500,000, that
the next eleven largest banks be asked to do so for deposits of $250,000,
C is t*>
and that some seventy-nine of the other largest banks be asked to classify
accounts over $100,000.
The dates, October 25, 1955 and November 1, 1955,
were chosen in order to permit comparisons with call report figures.
Members
of the Advisory Council believed that figures as of the end of June or
December would be misleading.
From the test studies and from information
derived from examiners* reports it is believed that demand deposits in excess
of the minima suggested would amount to from 30 to 40 percent of the total
demand deposits in these banks and would account for a substantial part of
the increase in deposits.
http://fraser.stlouisfed.org/
a m
XFederal Reserve Bank of St. Louis
1</<£</-
-
Reproduced from the Unclassified / Declassified Holdings of the National Archives
00
Board of Governors,
- #2
January 10, 1956.
In case the Board approves of our proceeding with this study, it is
proposed to send a letter, of which a draft is attached, to each Chairman
and suggest to him a form of a letter to be sent to the banks selected for
the study.
A draft of such a letter is also attached.
JAN l
(3vta
j
-
1936
I
_
Reproduced from the Unclassified / Declassified Holdings of the National Archives
<4*4*4
i
8, 1856
tventorrndtttt tog
Review Section, Central Statistical Bor and
from*
Lauchlin Currie
Ia.toAa.tlim
It It again requested that the Review Section consider only e portion
of the schedules which ere to be used in a study of closed banks#
Schedule
A hr a been submitted and approved wad the. schedules submitted at this time
complete the stw^f af the deposit ofor-raeteristies of the ree .ondent becks#
S t is s a t M L p e t e d that tbs schedule s dsellug elth assets, will be perfected
la the user future *ad will be submitted for review et tb$.t time#
^ufcriJL
In erder to espiaie the S o m s l i c r «f the depeslt schedules there
mm ■
presented below the genstdnrattsm* ehleh Si^geet the cuxbrc in which the
schedules should be eoepleted#
Schedule A, which gives a complete listing
of demand deposit leeaul s in the respondent broke, furnishes a list of
depository from ihich there shall be selected the aceouats to be transcribed
br monthly intervals —
»»de only b
(Schedules C sod £)•
the schedule editors *t Hew
Since these selections can be
fork
City, there is bound to be
some delay between the submission of Schedule A wad the return of Schedules
C end b #lth the a»ae tabs filled out for completion by the transcribers#
Schedules 11
*ix4 B
can be filled out by the transcriber* after schedule A
is completed wad before they are fur.as’w l with * stock of Schedules C end
IU
oust
In Edi t i o n , Schedule B p which dee Is with debit b u l m e e s of
be
matched with correa ending Schedule
Schedule S
'••■ re
not
selected from
Da,
borrowers,
end since the accounts for
Sehedule A# the completion of addition? 1
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Schedule De would ne*n thrt the transcribers would h- we to reopen records
after e lapse of tine#
The oohed O e s Should, therefore, he completed In
the order In which the identification letter# are attached#
The Schedules B, C, and B cower the 1828-1BSS Interval by souths, and
In select lug the day of the month for which balances <re to be listed there
were sewer a 1 footers to be considered*
It was considered desirable to have
a constant day of the week in order to avoid the recurring variation# in
papmtfts (end t h e r s f f e belseeee) en tie dsjrs sf the week#
It wee else
considered desirable to avoid dates around the first »nd list end the
fifteenth of each month because of the 1 rge volume of payments which occur
on Mfth d n t w .
In addition, there existed en epl»l«, that b l U e rendered
on the first of the m o t h were paid during the nest ton days >-nd it was
therefore not advisable to select any dates in this period#
selected was the ’
lednesdivr between the twenty-first and
each month#
tw ity-sowe^th of
It was found that baldness on this date •pproatisfftsB.reasonsbly
well; the monthly ewertges of d*11y M e a M f
InslntflriL .
The date finally
of account* in one *viltd b*ok#
JteteXU,jxLIsM sA ul
gchs.rtuls
A)n will
be used to list large tine dec e i t s #
It was decided
that the value of listing swell tine deposits would not be worth the consid
erable labor the process would involve# This schedule is very similar to
- !, i'
Scked tie A, which has already been reviewed end apprewwd, except that s
ooluan has been added for clrsBifioetlon of typs* of time deposits ?fcnd there
are no columns for the clr seif lection of else of deposits#
This is not
necessary since no account# from this schedule will be selected for
continuous transcription#
S.ciied.uln & is for the purpose of securing debit beltnees of borrowers#
It will be used to calculate the amount of compensatory balances carried by
Reproduced from the Unclassified / Declassified Holdings of the National Archives
4-
borrowers on different type® of loan* end changes In this practice before
and during the depression,
before
It will be necessary to complete this schedule
transcription of Behtfluls B 111 w $ ur to get Schedule Be which watch
this schedule#
The liability ledger will be used »• the basis for transcription of
this date#
This schedule has a limitation, therefore, in that it cannot be
applied to banks that did not maintain liability ledgers or banks which
combined liabilities of borrowers both as maker* and as endorsers.
This schedule will also show the amount of continuous borrowing of
some customers, and It would be possible to use It to show the extent and
character of liquidation of borrowings e f W the period of depression.
Because of the continuous character of inforortiem tfbout collateral
and security which is found on sosie liability ledgers it is not feasible
to ask for more than s division between secured end unsecured indebtedness.
For the purpose of this schedule endorsed paper was classed as unsecured.
The
ur.ioaa of
£chedule £ is to secure balance®, debits ?nd credits to
the demand deposit i eco inta of noa~proprletary persons.
The activity of
such »e-ounts and the expenditures from them can be calculated from the
debits and balances, and it is expected that the Incones of the account
holders can be deduced from the credits in many eases#
This schedule had
to meet the requirement that there be no calculation by the transcribers
at the banks#
It was necessery, therefore, to copy either individual
debits or credits from the deposit ledger ac ounts#
Since it was found
that there were several times more debit items then credit items, the
letter were chosen for copying.
This selection not only is less laborious
but else reduces the eh* nee of error, since the credits on the standard
deposit ledger e r d are a single vertical column, whereas the debits are
from the Unclassified / Declassified Holdings of the National Archives
pi* red to random order in e ride renter eolusm,
the schedule is drafted to allow ten sprees for ordinary credits and
one space for credits resulting from borrowers* these credits wist be
segre^ateo ts m stteept Is **de to cheek total credits with the incomes
o f account holders* credits results* from borrowings are distinguishable
by the gyeibol w5Ti)1’ ahieb 1# used on moot bank bookaetmiets w^ohlneWe
the
formula for the deduction of debits fro* ere its is m follows*
Credits of given interval
1
i ag ^ L J e j u B u l
t end of Interval
interval
It *n eppi— leetiee te ln<»oeie **n he w»de for » eHwtenllal sndbor of
rersons sons Infests^tlon eae he gnlaed of the relation of baVneoe to
Ineoees «od of the r**otton of beVwww to nh»*i|ee \n Interne*
of
rgpSfl
the study H U Hie «$td in determUdag whether « useful purpose would
he served by eeperete eigrreet impertiag of credits or debits to - w samel
aeeesate#
Schedule <3 urovtdee specs
of these
for the weeeiwnury entries and oalottl^tidfis
Wees by newthe« Tide involve*, ef seurse» H i tis— sarlptlaa ei
matb-ead deposit hslsaeee, but since these bcltmeec *re not comsides'sd
representative
of avers ge deposit b«>aeee, the 4,ten for halnaees used
on Schedules D and B are alee listed In this schedule*
The total ttolmm at the right band side of tbs schedule is for the
perpses of ebeobing calculations *nd no»»eiid*tt*>*ie»
Since
this stiherisis
H U be folded for ooncHldHions, the yir?r date is phased by each line
far which oansolldf ti >ns H l l be nude*
aheedule
the
is reserved for coding end H U be filled in after selsultttwi
have been completed*
the spies at the bottom ef
the aceounts will be classed ae *reswl*r* or ’•Irregular*
Reproduced from the Unclassified / Declassified Holdings of the National Archives
m
the basis of lad petition of the credit#.
If these credit# ere
found to be of nearly unifora amounts and at regular intervals*
there is a presumption that the credits approximate current incomes#
The other Its** of information will be cocicd on the basis of the
class intsrv&l* to
ue@d in the basic tables,
I M JSTifi&i S
of business**,
i
£ te to oeeure the d e c e i t beleneee
Th«. total seoount at the bottom of this schedule
wil| be used for the checking of c o n s o l W ULoas,
Ths totil for
the year 1828 will be divided by twelve and entered in the «tpace
*tiltie of account*.
The classification of business enterprise, set
forth in accoapp nyiiig £*ges, Is sufficiently nindie r to the classifi
cations used in the Statistics of Income to permit eonpafflson with
the collateral data*
All other eons Ida rations bearing on this schedule
have already boon set forth.
from the Unclassified / Declassified Holdings of the National Archives
Kawsaa,
A. M3
r-ivlMi&tart ,■*«,y t e r t f M i S i
n
frnuiVrtoigto
food aid rilled industries
Qftt'h/m .. i t i 1 ri- s/% n 1jc« t:.f.»3 Sax'-ailiSt*
«■ -ll- A
tithing industries
Olbos* ~*-v^,:/’
i
»•£,-rri jftf|f| t»<»*wile ^jrowuuij* jutotiuetrie#
Leather industries
it
is
14
13
16
17
^RVBlllB F#d plsRiyg «lll» (iMftdNw)
Furniture factories
tHfeer limber iaduetriee
Paper uad pulp sod products industries
Prl»tlogt publishing* ett£rfvtisig end allied Industries
Petent nedioines, drugs, toilet preparations, ccwetios,
18
15
to
n
n
3»
ll f f ll^ lll M l U lllll* 1 —
88 v6»
W V?
«f vS
*8 V ^
88 *$«
-80
3f
ytx/yLt^i*^
Stone, flky rod £lres industries
Hotor vehicles (aosylote, bodies, «smS ^ r t s ) jUidustriss
Srchinery sod eqtii‘oent industries
a\ il other nets! industries
Miscellaneous nnsuf <cturlsig industries
Sa$iS3B&ja&ranifarwUfln
'i
i m n m m m n i
’
3v
18
88
84
31
pxlsrs
31
Service end repairs, tire end sscssesry shops, filling
stations, sto.
,;.-
-IS ie
88 V/
57 ¥ v
■->.
:v Issels
EeUU
Wholesale rad retail
Reproduced from the Unclassified / Declassified Holdings of the National Archives
c
'
-7-
/
Code n.ifibfer
58
yj
vy
Bo#e»tlo
i-sissoRCBts siid sports
Professional service (
ioelnees
• S
4|B
VZ
iiS m S k
49
yp
44
here
y*-'
(bonds eel stocks),
Beal estate cmspenies
*r 1'■*/
Other ftomUX md loss ssw|)inl—
T
ft
*
insurance ckmpeniee
45
47
o a a a m
Other service industries
colleges)
JfV
>3
j^y
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Form #1E
JZ4 M- M
Z
V-
Central Statistical Board
7028 C O M M E R C E B U IL D IN G
WASHINGTON
January 5, 1936
Mr. Lauchlin Currie, Assistant Director
Division of Research and S ta tistics
Board of Governors, Federal Reserve System
Washington, D. C.
Dear Mr. Currie:
Your proposed schedule for Works Project:
Listing of Demand Deposits” ,
’’Schedule A:
has been received and examined by the Central Statistical
Board.
The following suggestions are offered for such con
sideration as you may care to give:
Please see the attached memorandum.
The use of a report-form often involves questions of
law and public policy not primarily or exclusively of a
statistical nature.
In carrying out its duty "to appraise
and advise upon all schedules of all Government agencies"
bearing on recovery, the Beard offers no opinion on ques
tions of law and public policy, except as these pertain to
matters such as the probable accuracy of the information;
the needs for the information in view both of its potential
uses and of other information available; and the cost,
promptness, convenience, and practicability of the proposed
inquiry as compared with possible alternatives.
Will you please file two copies of this schedule
with the Board after printing or mimeographing?
Very truly yours,
William J. Carson,
Acting Executive Secretary.
CSB Register # GF815
Enclosure— memorandum
(x
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Central Statistical Board
7028 C O M M E R C E B U IL D IN G
WASHINGTON
MEMORANDUM
January 5, 1936
To:
Mr. Lauchlin Currie, Assistant Director
Division of Research and Statistics
Board of Governors, Federal Reserve System
From:
William J. Carson
Subject:
Schedule for Works Project:
MSchedule A: Listing of Demand Deposits”
Our suggestions on this schedule and on the relevant instructions
were discussed with Mr. Robinson on December 27. These comments are sum
marized below:
1. The column headed “Name of depositor” might be divided into
two columns, one for the name of the depositor and the other for his address.
Only the city and state address need be entered.
2. An additional column migit be added for indicating the size
of the depositor^ balance on June 30, 1928, to provide for the case where
the balance is between $50 and $500. If this is done, it might be better to
change the order, putting the column for the lowest balance first.
3.
The phrase ”A Federal Works Project” should appear on the
schedule.
4. It is our understanding that arrangements have been made
whereby a supervisor or his assistant will inspect all schedules, making a
random spot check, before the schedules are sent to the editing section.
The instructions to the supervisors and item 8 of the transcribers* instruc
tions will, of course, be cshanged correspondingly.
5. The instructions to the transcribers might be made somewhat
fuller. The principal respects in idiich additional instructions seem
necessary are as follows:
a. An instruction might be included covering the handling
of an account in existence at one date but not in existence at
a later date. Similarly there might be a statement of procedure
where an account appears for the first time after June 30, 1928.
b. In item 5, the two dates mentioned in the last sentence
might be specified exactly.
c. Item 7 might appear somewhat earlier in the set of
instructions. It is suggested that it be placed between the
present items 1 and 2 *
d. Some instruction should be given concerning checking of
the transcription, and item 8 should be revised so as to take
account of the checking process.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
F E D E R A L reserve board
file
r
F e d e r a l Re s e r v e Ba n k o f P h i l a d e l p h i a
T
hird
District
Ri c h a r d L . A u st in
C h a ir m a n
and
of the
Board
January 3, 1936
F e d e r a l Re s e r v e A g e n t
eeder
Board of Governors of the
Federal Reserve System,
Washington,
D, C.
1926
Dear Sirs
J
A
fi4
m
9
Your letter of DecemberlS, 1955^ advising us of the
intention to proceed with the Works Progress Administration study
of deposits in closed banks, and in connection with which study
you asked us to designate, and we have so designated, persons from
this bank to act as a regional supervisor and an assistant region
al supervisor, was submitted to our Executive Committee.
Your letter provides for our assuming the compensation
of these men and certain other expenses; the total of all of which
we estimate will amount to a little less than $4,000.
This matter was discussed quite fully by the Committee,
which appreciated the opportunity of cooperating in the making of
this study, but could not see that the information derived from it
would be of any special or particular value to this bank, and felt
it was not just that it should bear any out-of-pocket expenses
in connection with it.
At the close of the discussion a resolution
was passed approving of the expenditure for the work, but expressing
the opinion that because this study would be of little value to this
bank, it should be reimbursed for any expenses it might have in
connection with the study.
I was requested to notify the Board of
Governors of the Federal Reserve System of this action.
ruairman
02
Reproduced from the Unclassified / Declassified Holdings of the National Archives
"h
r
SUGGESTED DRAFT OF LETTER TO NATIONAL BANK RECEIVERS RE WORKS PROJECT
Dear Sir*
Certain receivers whose trusts are included in the Works Relief
Project being conducted under the supervision of the Federal Reserve
System have written this office for more specific instructions con
cerning the records in their charge which shall be made available for
transcription. You are requested to permit access to the following
records for the period January 1928 to the date of suspension, and
none other.
1. Demand deposit ledger cards
2. Savings deposits cards
3. Certificates of Deposits register
4. Open book time accounts records
5. Liability ledger cards
6. Daily balance sheets
The Federal Reserve supervisor who has charge of the project at
your bank has been notified that only the records listed above shall
be examined by the relief workers.
Very truly yours,
WILLIAM PRENTISS, JR.,
Supervising Receiver,
Division of Insolvent Banks.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
2-1 1
“
U-wt. r O u *
Exhibit E
1 ^ - x Y -
INSTRUCTIONS
To Supervisors
To Banks Receiving the Questionnaire
To Corporations
To Transcribers in Active Banks
To Transcribers in Closed Banks
To Schedule Editors
To Credit Classification Editors
To Computers
3 f
Keproduced from the Unclassified / Declassified Holdings of the National Archives
3
v
# S
INSTRUCTIONS TO FIELD SUPERVISORS
Preliminary preparation
1.
Supervisors will receive complete sets of schedules with instruc-
tions attached to each.
"
These are to he studied hy the supervisors and
it is presumed that before starting work on the project they will he
familiar with the methods of filling out all forms used and the methods
of transmitting these forms to their proper destination.
2,
The supervisors will he furnished with a list of the towns and
hanks where they will initiate the project and supervise workers.
The
approximate number of workers to he employed in each of the hanks will he
indicated on this list.
Selection of personnel
1.
All employment on the project must he from among persons on
relief rolls,
2,
Upon arriving at a project center the supervisor’s first job is
to confer with the officers or receivers of the banks to he entered.
He
should obtain from these officials all possible information about the
character and quality of workers available.
Also, he should determine
definitely the number of workers to he placed in each hanking office.
3#
After the hank officers have been interviewed the supervisor shall
approach the local relief administrator, present his credentials, and make
a request for persons from the relief rolls who have the qualifications
indicated hy the hank officials.
So far as possible specific persons
mentioned hy the hank officials should he requested.
4.
The supervisor shall interview the persons supplied from the relief
rolls hy the local relief administrator and eliminate all of those who are
Reproduced from the Unclassified / Declassified Holdings of the National Archives
®
JF.
# S
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obviously incapable or without adequate experience,
For those who pass
this test, interviews should be arranged with bank officials or receivers.
The persons selected shall be acceptable to the receivers or officials of
the bank to which they are assigned.
In case more than one bank in a
community is to receive relief workers, an attempt should be made to
equalize the relative desirability of the workers between or among the
several banks.
In case acceptable workers are not available from the relief
rolls in any project center, the supervisor shall report this fact to
the project director in Washington immediately,
6,
In case supervisors or bank officials find certain workers to
be incapable or otherwise undesirable such workers shall be dismissed from
the project and the local relief authorities shall be notified to drop
them from the payroll of the project.
The same procedure adopted for hiring
the original workers shall be used in obtaining replacements.
This applies,
also, to the replacement of all workers who for any reason stop work dur
ing the course of the project.
Hours and payrolls
1,
All relief workers accepted by the banks and the supervisor should
be put formally on the payroll before they are given training or instruction
in the work.
2.
The supervisor shall arrange the hours to be worked.
No relief
employee shall work more than eight hours in one day, or forty hours in
one week
Reproduced from the Unclassified / Declassified Holdings of the National Archives
\j0
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3.
The workers shall he furnished with daily report cards, which
will contain blanks for hours worked, number of schedules filled out,
reasons in case of absence from work, etc#
One card is to be mailed each
day to the local relief office, and one to the supervisor in charge,
These
cards will contain a certification statement which appears over the worker*s
signature#
4#
The supervisor shall make arrangements with the local relief
officials for preparing payrolls and vouchers,
The local official; with
receives the workers* time cards will be designated as the "certifying officer
and shall be charged with making out and certifying to payrolls and vouchers
which will be sent currently to the appropriate Treasury Accounts Office,
where they will be checked and charged against the appropriation for this
project.
The Treasury Accounts Office will then forward them to the Treasury
Disbursing Officer, who will send checks to the relief workers employed
on the project#
(Supervisors will be provided with detailed instructions for prepara
tion of payrolls and vouchers and the disbursements of funds.)
Arrangements for space and materials
1.
The supervisor shall arrange for the desk or counter space used by
the workers, shall familiarize them with the places in the banks where the
basic records are filed, and shall introduce the workers to the employees
of the bank who keep control of these records.
The workers should be
warned that records are to be removed from the files only in small amounts
and that all records are to bo returned to the files at the end of each
working day#
Removal cards shall be furnished the workers#
Reproduced from the Unclassified / Declassified Holdings of the National Archives
si) V
3
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2.
The supervisor shall provide pencils, erasers, and other supplies
that are to he used hy the relief transcribers in hanking offices.
The
workers are to he instructed that they are in no circumstances to use or
borrow supplies from the hanks.
3#
Post cards will he provided workers in order that they may write
the supervisor for additional supplies which may he needed*
Training of workers
1.
The supervisor shall instruct them in the methods of completing
and transmitting the forms.
It is particularly desirable that each worker
know how to complete all forms, so that transcription, checking and trans
mission may he carried out expeditiously and efficiently.
2.
As soon as feasible the workers shall he started on the tran
scribing of hank records on Form 0, according to the instructions accompany
ing that form.
Periodic visits to the hanks
1.
During the course of the project the supervisor shall plan to spend
on an average of one day every two weeks at each hank under his supervision,
2.
The workers are not to he informed of the date when the super
visor expects to return,
3.
The supervisor shall make random chocks of the schedules completed
by the workers.
Handling of schedules
1,
The transcribers shall initially he supplied with a set of Schedule
0 forms hy the supervisor and envelopes for the direct return of completed
forms to the schedule editors.
will transmit directly.
These are tho only forms which transcribers
uvcu " um
unciassined / Declassified Holdings of the National Archives
v
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2.
Schedules C and D will he sent to the supervisor by the schedule
editors with the name tabs filled in.
These forms shall be transmitted by
the supervisor to the workers in the bank specified in the name tabs.
3.
On his periodic visits the supervisor shall, after making a check
of a few accounts, collect the completed forms for Schedules C and D,
detach and retain the name tabs, and transmit the bodies of the forms to
the tabulating center.
4.
The supervisor shall ascertain whether the liability ledger is in
a form which enables the use of Schedule E.
of Schedule E to transcribers.
If so, he shall provide copies
On his periodic visits he shall make a
check of the transcription of a few liability accounts and if satisfied
as to the accuracy of these forms, he shall detach and retain the name tabs
and transmit the bodies of the forms to the editing center,
5.
Schedule F will bo sent to the supervisor by the schedule editors
filled out with the exception of the dates opposite the last three linos
and the balances in the deposit balance column.
On his periodic visits,
the supervisor shall chock a few of those forms for accuracy of transcrip
tion and if satisfactory, shall detach and retain the name tabs and transmit
the bodies of the forms to the tabulating center,
(The number of copies of Schedules E and F to be transcribed will bo
determined at a later date.)
Address of supervisor
Tho supervisor shall leave his address with all workers under his
direction and with the bank officials or receivers.
nepiuuucea mom me unclassified / Declassified Holdings of the National Archives
&
&
£✓
~ 6 -
Supervisors* report forms
Supervisor Reports of initiating
project at_______________________
Name of supervisor_________________________________________________
Time of arriving at project town___________________________________
Bankers visited
No. of workers placed in
these hanks.
Describe any difficulties encountered in negotiating with hanks.
Describe any difficulties encountered in securing competent relief
workers_______
___________________________________
General comments
Time when arrangements were completed and supervisor was able to depart
Reproduced from the Unclassified / Declassified Holdings of the National Archives
iz
(V
t>
£
(For banks receiving the questionnaire)
INSTRUCTIONS ACCOMPANYING- SCHEDULES B AMD D
(Subject to revision)
The two kinds of schedules received by your bank are identical with
those received by all other member banks.
Schedule B is intended for the
collection of information on tho deposit balances of business accounts.
Schedule D is intended for the collection of information on the deposit
balances and activity of personal accounts,
An addressed envelope is
enclosed for the return of completed schedules.
Schedule B —
This form is to be used for business accounts only.
Give information for the accounts of enterprises engaged in
if there are any such accounts carried by your bank.
,
If there are not
enough accounts of such enterprises carried by your bank to fill all the
copies of Schedule B, give the accounts of other business enterprises,
preferably those engaged in manufacturing.
Describe the type of business on the line indicated by one of the
following terms: ..........
If tho nature of the business is not properly
described by one of these terms, use any brief description which seems
appropriate.
Post deposit balances in dollars, disregarding cents.
Post for each
month of oach year as of dates indicated on the form or as of the last
previous date for which a balance has been posted on the ledger card.
Post
Reproduced from the Unclassified / Declassified Holdings of the National Archives
_______
______________________________ _________________
L f
I>
S#
- 3 -
a "balance for every month indicated, even if the "balance remains unchanged
for a number of months. Do not use ditto marks.
Select for transcription only accounts which were carried in your
bank continuously from January, 1928, through June, 1931.
Deposit balances for December 31, 1928, 1929, 1930, and 1934 are also
requested*
Accounts continous between 1928 and 1931 which were closed
before the end of 1934 may, however, be selected for transcription.
On
schedules covering such accounts write “closed11 in the space for the balance
as of December 31, 1934.
If an enterprise carries more than one account in your bank, return
schedules for all or none of its accounts.
This does not apply to the
personal accounts of executives or owners of business enterprises,
Sched
ules covering the accounts of the same enterprise should be clipped together.
Do not write names on the forms*
Schedule D —
This form is to be used for personal accounts,
A
personal account is any account in which the transactions of a business
enterprise, of an institution or a governmental unit do not customarily
appear.
Only credits and balances are to be transcribed,
The schedule
is arranged, however, to permit monthly totals of debits to be derived
from the figures given, after the schedules are returned.
Do not select for transcription accounts with balances of fifty
dollars or less in January, 1928,
Select any other personal accounts
which were. carried continously in your bank from January, 1928, through
June, 1931.
Do not write names of depositors on the forms.
of depositors by one of the following terms: ..........
Describe occupation
If the occupation
Reproduced from the Unclassified / Declassified Holdings of the National Archives
tv U
tv
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3
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/
of the depositor is not properly described by one of these terns, use any
brief description tdiich seems appropriate.
Transcribe items in dollars, disregarding cents.
Transcribe each credit item for each month.
Credits which represent
the proceeds of loans or notes discounted are to be entered on the line
especially designated for that purpose.
The last deposit balance shown for the previous month is to be entered
on line (b),
For example: the balance as of the end of Jt^ne, 1928, is to be
posted on line (b) under the column headed ‘'July 1928, "
The deposit bal
ance on the last day of the month for which credit items have just been
posted is to be entered on line (d). Enter the same balance on lino (b) of
the column for the following month.
These two entries are to be made in
one operation,
P$st deposit balances for dates indicated on the last line.
Do not fill in the other lines, which are intended for the calcula
tion of averages and for classification purposes after you have returned the
schedules,
Reproduced from the Unclassified / Declassified Holdings of the National Archives
1
l*
r j
'. r
3
(Corporations)
INSTRUCTIONS FOR FILLING OUT SCHEDULE A
(Subject to revision)
1,
Only checking accounts are to be posted,
2,
The day of the month as of which the balance is posted is to be
decided by the corporation on the basis of its own convenience.
It is
requested, however, that the balances be posted for the same day of the
month, or the last day of the month*
The day for which balances are
posted should be indicated on the form,
3*
If consolidated monthly statements embracing all subsidiaries
for the period January 1928-June 1931 are available, the consolidated
figure only of demand deposits should be given.
If consolidated figures
are not available, the monthly demand deposits of each of the subsidiaries
should be posted on a separate form.
If sufficient forms are not at hand,
additional forms will be sent on receipt of the enclosed card,
4,
If, during the period for which information is requested, a con
solidation or merger occurred, or if another company was acquired, the
demand deposits posted from January 1928 to the date of merger or consol
idation should be a consolidated figure.
If available records do not
permit of this, information should be given on the enclosed blank sheet
as to the date of merger, consolidation, or the date when another company
was acquired, together with the amount of demand deposits so acquired,
5,
The number of separate accounts comprising the total deposit
balance should be given for each month.
While information on the number
of accounts would be appreciated, it is requested only if it is readily
available
Reproduced from the Unclassified / Declassified Holdings of the National Archives
INSTRUCTIONS TO TRANSCRIBERS IN ACTIVE B A M S
(Subject to revision)
General Instructions
Introduction of workers
The supervisors will introduce the workers to regular employees of
the "banks with whom contact will "be necessary and arrange for desk or
counter space.
Hours and work report cards
The supervisor will arrange for the hours of work.
Daily work report
cards will he furnished all workers with blank spaces for the date, number
of hours worked, number of schedules filled out, and reasons for absence.
Two such cards are to be filled out daily and mailed, one to the local
relief administrator and the other to the supervisor.
Materials and supplies
The supervisor will supply all paper, pencils, schedules and other
materials used.
Bank materials are not to be borrowed or used.
Handling of bank records
The supervisor will acquaint the worker with the place where all
records are to be found.
All records used are to be taken from the files
in the morning and returned to their proper place at night before leaving
the bank.
A removal card which will be supplied the workers shall be left
in the file while records are in use.
The schedules will be inspected and transmitted by the supervisor
on his regular visits.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
&
H
^
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2
-
Transcription and checking
(a) All schedules are to he filled in in pencil.
(h) All forms and schedules should he filled in hy one person and
checked hy another.
In those hanks where only one transcribing clerk is
at work he should take off accounts for approximately two-thirds of a
working day and check the accounts taken off the last third of the working
day.
Where more than one clerk is employed in a hank the records should
he transcribed the first part of the day and checked hy a clerk other than
the take-off clerk the latter part of the day.
It is highly desirable
that this checking he conscientiously performed, because accuracy of the
figures is of prime importance.
(c) Each clerk shall initial each schedule sheet in the allotted
space as he fills in or checks schedules,
(d) In transcribing the dollar figures omit the cents*
Specific Instructions
List of all demand deposits— Schedule G.
The transcriber is to begin immediately on Schedule G provided for
the transcription of a complete list.of demand deposits as of June 30 > 1928
and June 30, 1931 *
1*
Accounts should he transcribed in alphabetical order.
2.
The name of the depositor is to he entered in the column headed
11Names.11
It is important that the full heading of the account he tran
scribed,
Where an account carries a name and other notation such as
specila account, personal account, dividend account, etc., such notation
is to he transcribed also.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
r 3
til
- 3 3#
If the deposit as of June 30, 1928, is $50 or less, insert check
mark in Column 2.
4,
On the same line, under the section headed ’’Balance” the "balances
are to he entered as of the three dates indicated.
5*
As each sheet of the form is completed, Section III, containing
the dollar balances, is to he detached.
Sections I and II are to he for
warded immediately to the schedule editors in the addressed envelopes
provided for this purpose, and Section III held for the supervisor.
Complete listing of time accounts in excess of $10,000,— Schedule G,*l*
1.
This form is to ho filled in only after Schedule G for demand
accounts has heen completed,
2*
This form contains columns for the name of the account and for the
"balance as of June 3 0 , 1928 and June JO, 1931*
to examine the lodger cards of savings accounts.
The transcribing clerk is
Those which have balances
in excess of $10,000 as of either of the dates are to he posted on the form,
the name of the account under the column headed ’’Names,"
In addition, if
an account had a balance in excess of $10,000 as of June JO, 1928, the
balance of that account for June 30, 1931 is to he posted also, even though
it is below $10,000*
If an account has a balance exceeding $10,000 for
June 30» 1931 but not a balance exceeding $10,000 as of June 30, 1928,
only the June 30. 1931 balance is to be posted.
3.
Section I of the form containing the name of the depositor is to
be detached on completing the examination of all savings accounts.
section is to be sent to the schedule editors.
to be retained for the supervisor.
This
Section II of the form is
Reproduced from the Unclassified / Declassified Holdings of the National Archives
- H Deposit activity forms"~Schedule D
These forms will be received from the schedule editors with the names
of the depositors already filled in.
The transcribers are to take out
the designated accounts and on each schedule;
(a) post all credit items by months
(b) post balances as of the end of previous months
(c) post balances as of the end of current months
(d) post balances as of specified days for each month of the period
(a) Credit items
Included in the credit items will be credits which arose out of the
discounting of the depositors1 notes.
DD symbol stamped on date line.
Such items may be identified by the
These credit items are to be posted on
the indicated line in the appropriate month columns.
This line is designated
on the form as 11Proceeds from the discounting of notes.”
All other credit
items are to be posted under the month column corresponding to the month
and year in which the amount was credited*
(b) Deposit balance at end of previous month— line (b)
The last balance struck to the account for the preceding month shall
be posted on line (b) under the column corresponding to the month for which
credit items have just been posted.
That is, the balance as of the end of
June 30, 1928, shall be posted on line (b) under the column headed "July
1928."
(c ) Deposit balance at end of current month— line (d)
The last balance struck to the account for each month shall be posted
on line (d) under the column corresponding to the month and year to which
GK' UUUVCU " um [ne unclassified / Declassified Holdings of the National Archives
- 5the month-end. balance applies.
Thus the balance for June 30» 1928, is to
be posted on line (d) under the column headed "June 1928-;"
It is to be
noted that each balance to be posted, except the first and last, appears
twice on the schedule— once on line (d) of the current month and again on
line (b) of the following month.
The two identical postings should be made
at the same time.
(d) Deposit balances for indicated date of each month
The last line of the schedule is labeled "Deposit balances for indicated
date of each month."
Under the columns for the different months different
days of the month are specified.
The balances as of these days are to be
posted in the space provided in the form.
Deposit schedule forms— Schedule C
Post deposit balances for each month of each year as of date in lefthand column, or the last previous date for which a balance appears on the
ledger card.
and 1930«
Also post the balance as of December 31st for 1928, 1929,
Lines marked "Total" and "Average" aro to be left blank.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
f = " =_
-y
pte— ----, ------- :
instruct;
-
:
■
—
- -r y -
-----------------
transcribers
in closed b a t
'
(Subject to revision)
£sflacaL....Ins.tms-t.ioas.
Introduction of workers
The supervisors will introduce the workers to regular employees of
the receiver1s staff with whom contact will be necessary and arrange for
desk or counter space.
Hours and work report cards
The supervisor will arrange for the hours of work.
Daily work report
cards will be furnished all workers with blank spaces for the date, number
of hours worked, number of schedules filled out, and reasons for absence.
Two such cards are to be filled out daily and mailed, one to the local
relief administrator and the other to the supervisor.
Materials and supplies
The supervisor will supply all paper, pencils, schedules and other
materials used.
Bank materials are not to be borrowed or used.
Handling of bank records
The supervisor will acquaint the worker with the place where all
records are to be found.
All records used are to be taken from the files
in the morning and returned to their proper place at night before leaving
the bank.
A removal card which will be supplied the workers shall be left
in the file while records are in use.
The schedules will be inspected and transmitted by the supervisor
on his regular visits.
Transcription and checking
(a)
All schedules are to be filled in in pencil,
(b)
All forms and schedules should be filled in by one person and
checked by another. In those banks where only one transcribing clerk is
at work he should take off accounts for approximately two-thirds of a
working day and check the accounts taken off the last third of the working
Reproduced from the Unclassified / Declassified Holdings of the National Archives
i
day.
Where more than one clerk is employed in a "bank the records should
he transcribed the fir s t part of the day and checked by a clerk other than
the take-off clerk the la tte r part of the day.
It is highly desirable
that this checking be conscientiously performed, because accuracy of the
figures is of prime importance,
c,
Each clerk shall in itia l each schedule sheet in the allotted
space as he f i l l s in or checks schedules.
d.
In transcribing the dollar figures omit the cents.
Specific Instructions
List of all demand deposits
Schedule G.
The transcriber is to begin immediately on Schedule G- provided for
the transcription of a complete list of demand deposits as of June JO,
1928, June JO, 1931» and date of suspension.
1.
Accounts should be transcribed in alphabetical order.
2.
The name of the depositor is to be entered in the column headed
“Names” .
cribed.
It is important that the full heading of the account be trans
Where an account carries a name and other notation such as
special account, personal account, dividend account, etc., such notation
is to be transcribed also.
J.
If the deposit as of June JO, 1 9 2 8 , is $J0 or less, insert check
mark in Column 2.
4.
On the some line, under the section headed “Balance” the balances
are to be entered as of the three dates indicated.
5,
As each sheet of the form is completed, Section III, containing
the dollar balances, is to be detached.
Sections I and II are to be forwarded
Reproduced from the Unclassified / Declassified Holdings of the National Archives
<9
/f
-3immediately to the schedule editors in the addressed envelopes provided
for this purpose, and Section III held for the supervisor.
Complete listing of
1,
time
accounts in excess of $10,000.-Schedule Gr.l.
This form is to be filled } n s,o|xl#.after Schedule 0 for demand
accounts has been completed,
2, This
form contains columns for the name of the account, for the
balance as of June JO, 1928, June JO, 19 Jl, and date of closing,
The
transcribing clerk is to examine the ledger cards of savings accounts.
Those which have balances in excess of $10,000 as of any of the three
dates are to be posted on the form, the name of the account under the
column headed HNames,f,
In addition, if an account had a balance in excess
of $10,000 as of June JO, 1928, the balances of that account for the
other two dates are to be posted in the appropriate date even though
they are below $10,000,
If an account has a balance exceeding $10,000
for June JO, 19Jl, and/or the date of suspension, but not a balance exceed
ing $10,000 as of June JO, 1928, only the balance which is in excess of
$10,000 is to be posted,
J. Section I of the form containing the name of the depositor is to
be detached on completing the examination of all savings accounts.
section is to be sent to the schedule editors.
This
Section II of the form is
to be retained for the supervisor.
Deposit activity forms - Schedule D
These forms will be received from the schedule editors with the names
of the depositors already filled in.
The transcribers are to take out
the designated accounts and on each schedules
(a) post all credit items by months
Reproduced from the Unclassified / Declassified Holdings of the National Archives
st
#
nS?
W
wUw
(b)
post balances as of the end of previous months
(c)
post balances as of the end of current months
(d) post balances as of specified days for each month of the period
(a)
Credit items
Included in the credit items will be credits which arose out of the
discounting of the depositors* notes.
ND symbol stamped on date line*
Such items may be identified by the
These credit items are to be posted on
the indicated line in the appropriate month columns.
This line is designated
on the form as '’Proceeds from the discounting of notes".
All other credit
items are to be posted under the month column corresponding to the month
and year in which the amount was credited,
(b)
Deposit balance at end of previous month - line (b)
The last balance struck to the account for the preceding month shall
be posted on line (b) under the column corresponding to the month for which
credit items have just been posted.
That is, the balance as of the end of
June 30, 1 9 2 S, shall be posted on line (b) under the column headed "July
1928"„
(c) Denosit balance at end of current month - line (d)
The last balance struck to the account for each month shall be posted
on line (d) under the column corresponding to the month and year to which
the month-end balance applies.
Thus the balance for June 30, 1928, is to
be posted on line (d) under the column headed "June 1928",
It is to be
noted that each balance to be posted, except the first and last, appears
twice on the schedule - once on line (d) of the current month and again on
line (b) of the following month. The two identical postings should be made
at the same time.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
-
(d)
5~
Deposit balances for indicated date of each month
The last line of the schedule is labeled "Deposit balances for
indicated date of each month".
Under the columns for the different months
different days of the month are specified.
The balances as of these days
are to be posted in the space provided in the form.
Deposit schedule forms
- Schedule C
Post deposit balances for each month of each year as of date in lefthand column, or the last previous date for which a balance appears on the
ledger card.
and 1930*
Also post the balance as of December 31st for 1928, 1929,
Lines marked "Total" and "Average" are to be left blank*
Liability ledger form - Schedule I!
I*. Enter.the name of the bank, of the' place, and of the borrower
on the name tab,
2*
Under the column headed "Date", list the day, month, and year of
all the borrower*s transactions, as maker, which have taken place between
January 2, 1928, and June 30, 1931» inclusive,
3#
Under the column headed "Date due" enter the date a note is due.
This entry is to be On, a line with the date the note was made*
4,
Under the column headed "Debit" enter the amount of the note or
loan on the same line with the date of making the loan and the date when
the note is due,
5#
Under the column headed "Credit" enter all repayments of notes
or loans and post the date of such repayments in the date column,
6,
Under the column "Balance" enter each new balance of the borrower
and post the date of such balance in the date column.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
7#
Only entries affecting the "balance between January 2, 1928, and
June 30» 1931 r inclusive, are to he posted*
8.
A separate form is to be used for each borrowers account,
9* 1The completed form should be held for the supervisor1s inspection.
The supervisor will transmit the body of the schedule to the schedule
editing center*
The name tab is to be retained by the transcribing clerk
and must later be matched with the borrower*s deposit schedule when the
latter is received from the schedule editing center*
Borrower*s deposit form
- Schedule F
These forms will be sent to the transcriber from the schedule editors.
On the forms will appear identification numbers.
one deposit form for one identification number*
There may be more than
When the account to be
studied has been identified by a comparison of the identification numbers on
the borrower’s deposit schedule and on the name tab of the liability ledger
schedule,
(which was retained by the transcribing clerk), the balances of
that account are to be posted as of the dates indicated on the fom .
The
dates as of which the deposit balancesazo to be posted will appear in the
column headed “Dates” in the first blank lines.
On the form will be several lines as follows?
(date) and (date).
“Minimum between
The dates will have been filled in at the schedule
editing center before the form is sent to the transcriber.
The transcriber
is to determine the amount and day of the minimum balance carried in the
account between the two dates appearing on the “minimum” line.
The date
on which the minimum balance occurs is to be entered on a line with the
“Minimum” line under column headed “Dates” ,
The amount of the minimum
balance.is to be entered on the same line and in the column “Deposit
Balance.“
The completed forms are to be held for the supervisor’s inspection.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
INSTRUCTIONS TO SCHEDULE EDITORS
Detailed instructions for each phase of the schedule editors1 work
have not "been prepared in final form at this time.
The general nature
of the work of the editors was included in the detailed description of the
project (see pp, 18-20).
The code sheets to he furnished each editor are now in the process
of preparation.
These sheets will contain code symbols to permit sorting
and consolidation of schedules according' to the following classifications:
(a)
Name of bank
(b)
City and state
(c)
Kind of account (business or personal)
(d)
Type of business
(e)
Occupation of depositor
The code sheets for each of the above classifications will be accom
panied by detailed instructions explaining how the editors are to use
Dun and Bradstreet1s Credit Manual, city directories and telephone books
to determine the proper code symbol to designate each account and schedule
which is reviewed by the schedule editors.
In addition, separate instructions will be prepared indicating in
detail the coding process for each type of schedule handled by the editors*
Reproduced from the Unclassified / Declassified Holdings of the National Archives
INSTRUCTIONS TO CREDIT CLASSIFICATION EDITORS
(Subject to revision)
The object of the classification into "regular" and "irregular" is
to obtain in the regular group a number of accounts for which the credits,
i*e., the amounts deposited, represent incomes regularly received, the
salary checks and pay envelopes of manual and clerical workers, executives
and owners of businesses, the fees of lawyers, doctors, architects and
other professional people and the interest and dividends received by
investors.
The accounts which fall into the irregular group are affected
by speculative transactions, purchases and sales of real estate and other
property, business transactions in cases where the depositor may not keep
separate bank accounts for his business and personal transactions, trans
actions which represent the borrowing of money from the depositor by other
persons and its repayment or the lending of money to the depositor by other
persons and its repayment, transactions which represent the cashing of
checks for other persons by the depositor, etc.
Inspect the individual credit items and, in addition, make use of
the following information which will appear on the form:
total and average
credits exclusive of notes discounted, total and average debits, average
deposit balance, and number of credit items per year#
Exorcise judgment as to the classification of accounts, keeping in
mind the purpose of the classification.
In general .however, proceed
according to tho following rules:
1« Accounts which have the same number of credit items
' in each month of tho year or in ten months of the year are
regular accounts.
\
Reproduced from the Unclassified / Declassified Holdings of the National Archives
~ 2 —
2* Accounts which have exactly 12, 24, 5 1 , 52, or 53
items per year are regular accounts#
3# Accounts for which the dollar amount of each credit
is the same or approximately the same are regular accounts.
4. Accounts which would he regular under one of the
rules above except for not more than two largo credit items
are regular accounts.
5# If the total credits per month for eight months of
the year are within 15 percent of average monthly credits for
the year, the account is a regular account*
6 * Classify as regular accounts those whose general
appearance suggest such a classification but which display
minor deviations from these rules, provided that the total
annual credits excluding notes discounted of such accounts are
$5,000 or less*
Indicate the classification of accounts by a checkmark in one of the
spaces labelled nregular” and 11irregular.n
Reproduced from the Unclassified / Declassified Holdings of the National Archives
_
—
• •
G
G
~~
O
O
INSTRUCTIONS TO COMPUTERS
1 , As all computing and tabulating will be done by hand directly
from the schedule forms, no special instructions to computers have
been prepared.
It is assumed that workers employed will be familiar
with the operation of listing and adding machines.
2,
Instruction sheets will be furnished for each type of schedule,
explaining in detail the operations to be performed at the tabulating
center.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
. X
J
District 1
t .
Beucendele, Bostmi, Mass.
Gena,
Adit
StetPOe
Total
Hu?;h P.
I.I.
1st,
W . « 5 / V
. aL
| E,076
940
j u m
7,856
/
2
-
2
2
-
3 X
lev Icrk, 1. T*
Total
Theodora t. Belt*, Phflt*, Pe,
l.J#
Fr,
Total
•1,100
—M 22
$
8,eoo
Blctrict 4
HU 8, PllrOter .# Climr., Ohio*
# 6 ,0 0 0 (100$ o f allocation)
Ohio
Pi#
Total
He !• Gordon, fiiehamnti, fa*
Iri*
1* 0*
3#C#
Vo,
W.fOe
I 1,792 (100$ of allocation)
1,184
962
760
Tot*l
Iitftrlct 6
T,A* Lanford, Jacksonville, Flo.
PU,
J,KelcOrevey> lr», Atlanta, Go*
Tonne
*t
*
896
960
i
J.H.toUl- rd, Chico lO, 111.
Ill*
6 7,700
ZlMt*
4,660
1,464
love
ill#
A.HeVogt, Detroit, Hich,
i M ,
in #
H O , 460
t,,v unv,aoameu' ^eciassiriea Holdings of the National Archives
Walter A. Scab** 6 t, Louie,
111,
le d ,
Ejr,
Mo,
♦
800
600
760
Total
District II
J . L. Hemeno, H Fatso, Tax.
le x .
$ 1,204
tlatalrt 1£
W,G, Donleys Sea Francisco, C al,
C a lif,
le v .
• 8,584
* 8,784
Hoary Le Suen^el, Leo Angela*, C el,
C a lif,
$ £,K58
Dseenber £5, 1985
Reproduced from the Unclassified / Declassified Holdings of the National Archives
copy kg
F o r m 1 18 b
r E L E G R A M
I/>jf' **
FEDERAL RESERVE BOARD
WASHINGTON
C O P Y
December 21, 1935.
Curtiss - Boston
Case - New York
Austin - Philadelphia
Fletcher - Cleveland
Hoxton - Richmond
Clark - Atlanta
Stevens - Chicago
Wood - St. Louis
Peyton - Minneapolis
McAdams - Kansas City
Walsh - Dallas
Sargent - San Francisco
TRANS 2343
Please show salary of regional supervisor in connection with FWA study
of changes in disposition and activity of deposits at closed banks and
any other expenses incurred by your bank in connedtion therewith
separately in functional expense report following securities exchange
unit on page 17 under heading "PWA project”*
SMEAD
(Original filed Division of Bank Operations)
Reproduced from the Unclassified / Declassified Holdings of the National Archives
WPA CERTIFYING OFFICERS
-
PROJECT 65-1708
,/ / /
X.
f 7"T X v fr ,
^
*
4
/ /
' t
»4 ~
/ -
S ta te
Name o f O f f i c e r
Address
A rk.
W a lte r A. Hombs
F.R.Bank, S t . L o u is , Mo.
C a lif.
Henry D. Swengel
W.G. Donley
t!
Los A n g e le s , C a l.
San F ra n c is c o , 11
Conn.
F . N. Baxendale
n
Boston, Mass.
D.C.
H. N. Gordon
tt
Richmond, Va.
F la .
T . A. L a n fo rd
ti
J a c k s o n v ille , F la .
111.
J . H. D illa r d
n
In d .
J. H. D illa r d
A. H. V ogt
W a lte r A. Hombs
C hicago, 111.
■
■
n
tr
ti
D e t r o it , M ich.
S t . L o u is , Mo.
Iowa
J . H. D illa r d
ii
C hicago, 111.
K y.
W a lte r A. Hombs
tt
S t . L o u is , Mo.
Me.
F . N. Baxendale
n
Boston, Mass.
Md.
H. N. Gordon
it
Richmond, Va.
Mass.
F. N. Baxendale
!!
B oston, Mass.
M ich.
A. H. Vogt
n
D e t r o it , M ich.
M iss.
M. E. M i l l e r
tt
New O rlea n s, L a .
Mo.
W a lte r A. Hombs
tt
S t . L o u is , Mo.
Nev.
W. G. Donley
tt
San F ra n c is c o , C a l.
N. J.
Hugh P . Reed
Theodore L . S e it z
it
ti
N. Y . C ., N .Y .
P h i l a . , Pa.
N .Y .
Hugh P . Reed
tt
N. Y . C ., N .Y .
N.C.
H. N. Gordon
tt
Richmond, Va.
Ohio
H. B. F lin k e r s
tt
C le v e la n d , O hio.
Pa.
H. B. F lin k e r s
Theodore L . S e it z
tt
tt
P h ila . , Pa.
H.N.Gordon
tt
Richmond, Va.
n
3
S
~
i
S.C .
n
ti
j
Reproduced from the Unclassified / Declassified Holdings of the National Archives
WPA CERTIFYING OFFICERS
PROJECT 65-1708
S ta te
Name o f O f f i c e r
Address
Tenn.
J. R. McCravey, J r .
F.R.Bank, A tla n ta , Ga.
T ex.
J . L . Hermann
n
E l Paso, Tex
Va.
H. N. Gordon
IT
Richmond, Va
n
W. Va.
W is.
J. H. D illa r d
11
If
1!
C hicago, 111
December 21, 1955
'x .
EORSS h U X i f WiOJ CT
-
»Mi« of teak
’fo
Maine
Auburn
Portland
Sfct*l. Choc * Leether Bk.
First 9et*l. Be. .
Mascsch-u^ctts
Boston
»
•
Bostoa-Continontel Jfetfl*Bk,
hxchrnpe Trust Jo.
/? /
Federal ®*t*l. Bk.
Centre! Trust C o m p i a y
Essex l e Vl. Bk.
First fct‘1. Bk.
Me;reheat. trust Co.
Middlesex Bat*l. Bk.
State fct‘l. 9 c . U
5
1
1
8
£
£
Receiver
Acdroee
£
S
E m e c t M.Shapiro
John F. A. Merrill
Ahbiirn
Portland
2
5
4
Fked.S.Deitrick
85 Devonshire St.,Boston
Fred. S* Del trick
e/o Bcrtoa-Contineat&l
■etl.Bk.,85 Devonrhir
St* »loatee*
John E. Donahue
•
»
77 V & M u S t * | & V c s t U l .
s > -^ »
*
M W W H H W
Cfesbrie pe
Haverhill
»
Lawrence
Lowell
Lynn
tract fl.
M M
Location of B*nk
^ W M
i
Of »kre.
Jtremiah J.O*Sulli^n- Lovell,
Fred* S* Deitrick
8/o BostorwCuntinentfl
5&tl.Bk.,85 Devon^hir
St*,Boston*
Writhe-n
Walthfc* Trust Co.
£
Nbe—Hajtaa
-M£i>o<TClilUe Wj>9
Leo|minster
■*fow HnY?n
Leofminster Natl. Bk.
2
Jeremiah J. O ’Sullivan
Leonminster
December P.0, 1956*
- .....
•
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SOEKS S X L ia- .’f-DJ CT
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I.OC tion o f fcak
to K _s£ J te *
Mo. ei .^jcrv.
Receiver
Sdtlrees
M » Jersey
H ware
Oraiige
Union City
Tr. Co,
Orange 8f#<t*l, Rk.
Set*l, Bk.of Sorth Hudson et
E
r
k
C,?.Rogers
Leonard G. Bro**n
S a m e l Stock
5 Belmont Ave,#8ewark,
Orange,
Union City,
i a t ' l . city S t.
S
Idw eBJwOttghnan
Sew Soehelle,
£
Fred, y.Oisas
100
1
Julius F. Fries
S
Janes J. M aro
1
M i n
10S Sortbera Blvd.,
Corses*
139-10 J»rotc«i In. ,
Rich®- a: Hill, 8.1,
:B9 Beech U S St.,
Socks way Pf rkfM*T.
Syracuse,
lookers.
Sew fork
Sew Rochelle
Sew York
m
Barrlasn Satl.Blc.l Tr.Oo.of
the city of
Q »t ensboro Hst*!. Bk. of
the city of M
w
Rtcnsond tfc V I . Bk.
•
Roek&way Beech W tl, Bk,
&XT&CUS&
lo n k i n
Salt Springs S* tl. Bk.
First B? t*l. Bk.ft Tr.Co.
t
1
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F. Fries
0cs,«,9aighi
Arthur r.Muth
R iiriE
Row, H.I.
Deeaebes- S O , 1 9 5 5 .
••
iflPBL* > W
Loo: tion 01
B eak.
Ictw Jersey
/ AtiUitAe City
r a y , c t - ..b i ^ t k ic t j s
Mem*, of Beak
IklSffeg
Address
Atlantic City S* V I . Sk«
2
Chelses-Oeeond 5 V I * Bk.ATr.Co. 2
Ldw, J. 0*K> c-fe
Clias.A.Ffslreloth
Atlantic City
e
end 1fttl* Bk.
2
Bethltth£»-Sf t»l. Bk.
2
Glens Id* Bunk & Tr.Co.
Z
First Sf.tlonsl B>ak
z
6»at«fti4 H&V1, Bk*
t
Sorthwe^tem 8- tfl«0k.l Tr.Co* A X
Rbt. A.H^nd 'r^on
Harry lkrgolis
Altoona.
Bethlehz? a.
Peon3y2.v6-.aie
/
Altooaa
Bethlehea
Cl 3B8lde
liliiWw
P h iie tie l >hi&
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Reading
Bersaton
Wilkes-Barre
Or* rbrook B » V I , Bk.
Sixth 9it.»X. Bk.
£o*th*tit$t<ira 1*1*1. Bk.
Serehemt^ It V I * Bk,
Rending SatVI. Bk.* Tr.Co.
S a t o Sst»l. Bk.
Bl^e B?„afc Title A Tr. Co.
)
Harold J. Collins
Jose A K. Silling
W.B.Ward
Johnstocn.
7 a Chestnut St.,Phil.
Srotid. St, et Ffcimont Ave
Philadelphia.
z
z
1
2
5
2
£
C .Herat*a Soil
Leonard B. Botfield
idlUUai H.Ottirigv r
Frank A. K r o b m r
Kerrey S. Ati&iro
John A. Kart
60th A 8*st<?r Sts.#Phil.
2nd A Pino, ?h’Idelphls
Broad A no.3t.,Phll,
Pottsrllle.
Reeding.
Scr&ntos*
Leecaber 20, 19 5*
Ik'me
o£
Bulk
wat.gr.JBg.ge,
Receiver
Ohio
Clvvelsinti
e
Dsytozx
Liaa
V
Merlon
V
V
Massillon
Sewark
x/ Port oath.
Toledo
»
v/
n y l u a is
x/ Erie
V
zonet ?en
✓ Pittsburgh
•
v/
*
V
•
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nZ
Guardian Tr* Co,
i4 -5
Union Tr, Co,
12
Union Tr, Co*
5
Old
City Bk.
2
Marlon Eat*l. Bk,
%
First fet*!, ilk.
%
Union Tr, Co,
First E&t»l. Bk,
z
Coamercs Gtsarrtlen Tr,& Svgs.Bk, 4
first lei*!, Bk,
y t
z
1—
>/
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y
•
Union town
fllki sbur^rh
z
Second Eat1!, Bk,
First ft 1*1. Bk.& Tr.Co.
z
Bk»of Pittsburgh U e V l , issn.
5
fitlaaoad 8at*l. me,
% $
Buqussxte *wt*l, Bk,
/ 2
Exchange Eatfl. E:,
Z
Highland 8&tfl, Sk,
2
Mono.n^ahdla Zfc t’l, Bk,
Ist*1. Bfc.of Fayette County
First Set* 1. Bk.
4
3
a
Charles 8, Ellla
Grove? C, Snyder
Sigcne G* Christen
UflAt
Msrlon.
Box 424, Mesallloa,
Stanley fcfafcftll
.H" i it-’ >•-.;.%*
John W. Hackett
PortzsBOutb,
John B, Ikugfcttcy
i,L,Bruuteg*H, Jr,
Avery J. Bradford
Bobert R. Gordon
Avery J, Bradford
Robert a * Gordon
Albert £. Sabot
Toledo.
Erie,
Bone seen,
Pittsburgh
#
*
•
c/o KofW^ahela Set*]
Pittsburgh.
Pittsburgh.
Albert E, Knbet
Uni mto*n.
Freak J, Beffc rli od
liarry T, Aufderhelde lllklnsherg
December
k0 ,
1955,
WORKS
Loci t i m
RKLIri PROJECT « DISTRICT #5
&
Q X J& nk
a L M
z u
Robert C.Baldwin
Uorata H. Hamilton
Cery a . Hardee
14th & G Sts.,!?.*.,Wc eh.
1406 G 3t.,H.W.#
»
1556 S.I.Ave.,H.W. *
Maryland
Baltimore
Hagerstown
Claude Gilbert
Bagmrtowiu
J.K.Borsett
Charlotte.
John D« 51?:gs
L, A. Lents
High Point.
Box 134v, Raleigh.
Horth Carolina
IMdlle
Charlotte
w
Greensboro
High Point
lei h
South. Carolina
Columbia
SiMrtenburg
Baliiaore Trust Co,
First Mat*!. Bk,
ibherille Bk. & Tr.Co.
Indepe ndence Trust Co.
Merchants * Farmers Hi tf1, Bk.
Mo. Ca roline Bk. & Tr. Co.
Coassreial Set1l. Bk.
Commercial Met9!. Bk.
8
1
5
£
1
S
E
v*
set•
District of Columbia
Hashingtoft
ficawsrelal Set9!. Bk,
w
V i
M a t . fct*X. Bk.
it
Fed, Hear* Het*!* 3k .& Tr.Co.
4
Bfct9!. Got a 4k latch? age Bk.
First H r V I . Bk.
Ct ntrel M tfl. Bk.
£
1
£
CJLDixom
iilbert L. Loha
Vi 1116 pi ?, Conyers
Columbia .
5pertamburg*
•
Virginia
Petersburg
First tiftU. Bk.a Tr.Co.
£
W.A*Bond
P-etcrsbirg
West Virginia
Feirmont
8ct9l. Bk. of
£
Robert C.Hiller
Fairmont
e
December VO, 1935.
Florida
final
Orlando
Et. Petersburg
Mississippi
Gulfjort
Tennessee
Chattanooga
Knoxville
Moffia
o f
TfamTr
City H _ V 1 . Bk. in
n * a t a,.V I . 3k. & Tr.Co. In
Central B e V l . Bk. & Tr. Co.
Flrat H a V l . Bk. In
Chattanooga H*t#l. Bk.
HolstoG-4Jnion Mat1!. Bk*
So. o-f Mgra«
&&r«gs
C.H.Bancroft
B. 0. Overstreet
Erlt- W. Webb
Box £319, Xlesi.
P.O.Box 1920, Orlando,
P.O.Box £011, St.Petersburg.
2
A.F.ii&teliage
Gulfriort.
9
Paul Kent
C.O. Carpenter
Chattanooga.
Ra.507,Ham tlton fiat.Bit.
I
Blag*,Knoxville.
December £0, 1916.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
igCftyLo?_of„Bai>k
'.M W M
_____ - ,
’
- DIwTUCT #7
Illinois
Aurora
•
Chicago
e
e
#
t*
•
•
«
*
«
Elgin
Freeport
Joliet
•
•
Rockford
t»
n
t
F&ukegnn
Aurora S & V1. Bk.
Flrtt 8* V I . Bk. in
Albeny Park M; t*l. Bk. or
Tr.Co.
Austin S o VI* Bk.
Bowa&nviile St V I . Bk. of
£
Csluaet S e V l . Bk.
✓
Hyde Park-Kenwood Stl.Bk.of
Inlend-Irving SeVl. Bk.
Jefferson Park Satl. Bk. of
Rogers* Park t t * l . Bk.
leVI.2k. of Woodlatva of
Peoples S a V l . Bk.& Tr.Co.of
Washington Park l a V I . Bk.
Weet Bide Itlea i e V l . Bk.
Heme 8 a V I . 3k.
Pirat SaVl.
First I n V I . Bk.
J o U s t Bfct’l. Bk.
W H 1 County IfcV I . Bk.
Forrest City l a V I . Bk.
Mfgrs.8atl.Bk.& Tr.Co.
* /
Eockford S t V I . Bk.
Security l a V I . Bk.
W&ukegen l a V I . Bk,
f
o
i-*
SfeBtr ox Betak
.
Location of Bank
las
M)RKc BELIEF PSOJ CT
jl .
1
t
/
X
-
i
2
2
1
1
1
1
5
1
t
t
t
t
1
2
E
2
1
t
»
1 '
Receiver
Chae.H.SUcox
I.H.Beallton
Gordon A. Resttay
y.J.Pufrthl
Frank J. Clara!
Cl&renct? F.Buck
S.S.Irwin
R.C.Sullivan
R.C.Sulllvt^n
Ela»r O.Ericson
Eug ene E.Hi>rha&n
S.W.Pearson
I.W.Pcfcraon
J.L.Mitchell
Al.C.Eaith
Arthur K. Cries
Koh rt S,Wallace
Wa.A.Knut;on
Ws.M.KauUon
A.B.Culhf^ne
A.B.Culhane
w
A.B.Culhene
A.B.Culhiine
Melvin B.Ericson
Aurora, 111.
«
5424 Lawrence Are.,
Chicago.
5654 iv.Chic.Ave.,Chicago
4806 Horthwest*n Awe.*
9047 Coaaurcfl.Ave.
*
Chicago
4730 Milwaukee Ave.
*
9
9
Chicfe;?o
1526 F..65rd St.,
*
6506 Cottage Grove Av.v
*
E
1501 W.Roosev^lt Rti.et
Fig In,
/Aehlsnd Ave.1
Freeport.
Joliet
«
v
Rockford,111.
«
•
•
Wiukegrn
- -
1
7*
'
’
‘
"- "
'\-7r ■
-
S O fti.
Location or Bank
Indiana
Fort Wsyae
Gary
«
H&asij'Ui
Kokoao
Logins port
South Bend
Terre Haute
H ■.;:}' ?H3J. CT
of Beak
- S I-T M C T 17
Ho.of Wkre.
li ‘Caivr'r
Aparese
2
John H. Toung
Coin C. Beeler
e
Thomi: M. Kitchen
Janes S. Carpenter
Hare C. Stuart
Joseph B. Seff
J.Harold B& ,sett
Fort Wayne
Cary
Olti-Blrat let*1. Ek*& Tr.Co.
First 8i-tel» Bk.
Ha t1!. Bk. of A f rica at
Haiteo-id f c t U . Bk.& Tr.Co.
Citizens Si t*l. Bk*
First Jfc.t‘1. Bk.
Citizens Sell* Bk.
Citizens Va-tfl. Bk. & Tr. Co.
2
2
£
£
2
First lose Statt Tr.& Bar. Bk.,
First Sail. Bk.
Consolidated Sail* Bk.
Co^ercli*! Sat*I, Bk.
Pioneer Set1!. Bk,
2
£
2
1
Thossas J. Maloney
Ben C. Bond
George S. feomln
*
ij>
B.C.fehrfcsi
John S. uuith
Allen A. McCurdy
Reuben H. R o a m a
Joseph ff, Gleatoa
Murray U. Ashttui h
Z
Z
■
iiasaoad
3x.56, Kokoso.
Logansiport
South Bead
224-46 Satl.Bldg
Terre Hinita.
Urn
Burlington
Council Bluffy
Dubuque
Waterloo
«
HdSfis
Detroit
Flint
Grand Rapids
Jackson
Sawing
?oatiac
3>
First SfeVl. Bk.
Firet Set1!. Bk. Sc Tr* Co. at
Griuid Rapids Bat*!. Bk.
SllOB and Peoples H' t*l. Bk*
Capital 8at*l* Bk.
First S V I . Bk. ot
iUtoaiU
F'j’sgL 4u Lee
Orson B*>y
Oshkosh
Cos taroial Sv t*l. Bk.
iteC rtat.y ■•.VI. Bk.
City 8c V I . Bk.
2
2
2
5
4
5
£
2
2
L. C. DeBruin
L. J. Boseorth
L. J. Boaworth
Council Bluffs.
I?uba<;Ue.
Waterloo.
»
Detroit
Flint
Gr&ad B e p id s
Jr.cktoa
Li n. lag
P o n tia c
Fond du Lee
Box f.97» O s h k o s h .
B
«
Laceabor 21 f 1956
BORK KKLIiJ ? 3J. CT
Location of Bank
Same of Bank
-
DISTRICT #8
Ho. of Wkrsfl
Receiver
40
Melson H. Greene
Jacksonville
Chos.Davidson
Hew Albany
dress
Arkansas
Little Rock
w
9
Bankers Trust Co.
Peoples Trust Co.
Onion Trust Co.
v
l
5
Illinois
Jacksonville
Ayers Mat1!* Bk,
2
1
Indiana
New Albany
Second Sat*!. Bk.
2
Kentucky
Louisville
Paducah
HatU. Bk. of Ky.
City M a tU* Bk*
V 6
2
A.M..under;,on
Jeff. H. Hooker
420 Vi".Jefferson St.,
P&duceh
Louisv’1
Missouri
Sedalia
St.Louis
9
9
9
9
t
*
9
9
Citizens Mat*!. Bk,
2
American Exchange Mat1!. Bk*
1
Grand H e tU. Bk.
1
Lafayette South Side Bk.& Tr,Co* 4
Lowell Bk.
i1
Savings Trust Co,
u Z
South Side MatU. Bk,
Z
Scru,;ge, Vsndervoort & Barney 3k . 8
St.Louis Het'l. Bk.
1
fandeventer Mat1!, Bk.
2
Went St.Louis Trust Co.
1
Wm. L. Koenig
Herbert M. Johnson
John W, Snyder
Sedelia
St.Louis
J. Buckner Fisher
1800 Olive St.,St.Louis
J. Buckner Fisher
John W. Snyder
1800 Olive St.,St.Louis
c/o Grand Bet*Bk.,w
9
December 80, 1955
location„j>f
M n k
Is^jalifeafe
-a U
of Wkru.
Receiver
ifiifeW.
S.O.Pottorff
El Peso
Texas
El Paso
First S a tU. Bk»
Bec*-aber 10, 1955,
.
■';y
Loc-tlon
of
3-nfr
iggg£.atmt asaaa - j&is&a-fls
fr»< <>!" 6.ak
C alifornia
Beverley H illr f i r s t lb V I , tk .
Long Beech
Seaside 5 a V I . Bk.
m. of Bke...
S&SfiX&T
f
2
J.C .S c u lly
J.C .S c u lly
MSTSP*
Los jL3s*l*»
Oakland
U . S . lt V l . Bk.
C entrsl *t V I . Bk.
2
4
J.C .S c u lly
Joseph H. Grut
P.O.Box 538,Beverley Bin
109 /jn^ric&n Ave.,Lcag
Beech*
— -J
P.O.Box OMif■He* f » » j
Ra.PO^Cent.Bk.
/Aaj
Sacremeato
C* l l f . 8 a t f l . Bk.
4
Joseph B. Q*Wetl
Satraaanto.
Reno
Rtno W V I . Bk.
t
-
•,Oekl»od.
Seve.cle
W.J.Tobln
Rc<no
Reproduced from the Unclassified / Declassified Holdings of the National Archives
F o r m N o . 1 31
...
A LW r :
Office Cdrresponueiice
To.
The Board.
From.
E. A. Goldenweiier and
Lauchlin Currie/ ^ 7
FOR CIRCULATION
anr* 1
Mr. Hamlin \
Mr. M iller.,
Mr. James
r W p December 16. 1955.
Suhjer.fr.: WPA study of certain closed banks,
i f
We have been informed by the Secretary of the Coordinating Committee
of the WPA and the Central Statistical Board that the proposed study
of deposits in closed banks has been approved by the President and
passed upon by the Comptroller General. The project number assigned
to the deposit study by the General Accounts Office is 65-1708.
.......................
Mr. Thomas
vz
/In accordance with the Board* s condition that no funds should be
handled, disbursed, or accounted for by the Board, Mr. Currie has
negotiated the following arrangement with Mr. Beach and Mr. Bartlett
of the WPA Staff, subject to the approval of Mr. Corrigan Gills
Mr. N oe l - •V
Mr.
tUart/tj
Mr.
v.
Mr.
FEDERAL RESERVE
BOARD
1
.........
Please note —
check
A Treasury account will be set up for WPA project #65-1708 and our
supervisors will be designated certifying officers for this annmnrhj
such certifying officers to be T n turn designated as WPA employees
with2HjL compensation * This arrangement makes the study purely
.a,,WPA projectT and the Board will not handle, disburse, nor account for
. the funds.
As the project is supposed to end on June 50, 1956, and as much time
has already passed, it is proposed to initiate the project as soon as
possible.
In addition to the Comptroller of the Currency, the State Banking
Commissioners, or equivalent officers of the following states, have
expressed their willingness to cooperate: - Massachusetts, Pennsylvania,
Maryland, North Carolina, Ohio, Arkansas, Missouri, and Iowa.
Present plans call for a study of
closed state banks.
125 closed national, banks and 25
<S V
Reproduced from the Unclassified / Declassified Holdings of the National Archives
December 13,
Mr. R ichard L . A u stin ,
F e d e ra l R eserve A gen t,
F e d e ra l R eserve Bank,
P h ila d e lp h ia , P e n n s y lv a n ia .
Dear Mr*. A u s tin :
Funds have been a l l o t t e d and i t has been d ecid ed to proceed w ith the
WPA study o f d e p o s its in c lo s e d banks. You w i l l r e c a l l th a t on O ctober 14th
you w rote me th a t Dr. H arr, S e c r e ta r y o f Banking o f P en n sylvan ia had exp ressed
h is w illin g n e s s t o c oo p era te in th e p r o je c t .
I should now a p p r e c ia te i t i f
you would ask him i f i t would be a g re e a b le to him f o r us to p la c e two workers
in th e American Bank and T ru st Company o f H a ze lto n , and two in th e Lycoming
T ru st Company o f W illia m s p o r t.
I f he i s a g re e a b le to t h is re q u e s t we should
a p p re c ia te h is w r it in g h is deputy r e c e iv e r s in th ose banks t o t h is e f f e c t .
I am e n c lo s in g a d r a ft o f a l e t t e r c l o s e l y resem blin g one i t i s proposed
to send from th e C o m p tro lle r1s O f f i c e to v a rio u s n a tio n a l bank r e c e iv e r s .
It
may be h e lp fu l to Dr. Harr as in d ic a t in g the nature o f our r e q u e s t.
Sin ce th e a c tu a l i n i t i a t i o n and s u p e rv is io n o f the p r o je c t in th e f i e l d
w i l l be th e r e s p o n s i b i l i t y o f th e s u p e rv is o rs from th e r e s e r v e banks, i t i s
b e lie v e d d e s ir a b le th a t a c o n feren ce o f s u p e rv is o rs should be arranged so th a t
f u l l o p p o rtu n ity w i l l be g iv e n to have a thorough d is c u s s io n and to r e c e iv e
su g ge s tio n s on p roced u re.
As th e study i s exp ected to be c lo s e d by June 50, 1936, and much tim e
has a lr e a d y been l o s t , we are anxious to I n i t i a t e th e p r o je c t as soon as
p o s s ib le .
I s u g g e s t, t h e r e fo r e , th a t a c o n feren ce o f s u p e rv is o rs be c a lle d
a t Washington a t 10:00 AM, n ext Thursday, December 19th. W i l l you p le a s e in form
Mr. S e it z to t h is e f f e c t ?
I have d e sig n a te d Mr. L a u c h lin C u rr ie , o f the D iv is io n o f Research and
S t a t i s t i c s , as P r o je c t D ir e c t o r , and fu tu r e communications r e g a r d in g th e p ro
j e c t should be addressed to him.
Yours s in c e r e ly ,
(S ig n e d )
2. A. GOLDENWEISER
D ir e c to r o f Research and S t a t i s t i c s .
'
/
dM/v
/Vft.
R
■
hi,'CZrtA
"k-
l
•Loc: tlo;* o* ft nk
fr*K
— >^
xl-
7
Axf
Receiver
Address
Ernest 1. Shapiro
John F, A. Merrill
Auburn
Portland
Frederick S. Deitrick
60 Devonshire St,,
Boston.
#
»
Haverhill
77 Bash. St.,
Haverhill.
Lovell.
60 Devonshire Bt.,
Boston.
■nine
/uburn
Portland
Massachusetts
Bo; Ion
/
"Du
fct'l. Shoe & Leather Bk.
First let*!. Bk,
Federal l e V l . Bk,
H-
Haverhill
Boeton-Continental Hat#l* Bk. 1
)
Essex Hat*1, Bk.
y
First BtetU. .Bk.
Lowell
Lynn
M i W i m Set»l. Bk.
M a t s Bat*!. Bk. in
)
i
1
•
John E* Donahue
•
J: realsh J. O lSulliv: n
Frederick S. Deitrick
R-diver
Ifeae of Bsnlc
Mctw Jersey
Address
„
Sew Jersey
V I . Bk. & Tr. Co.
C.P.Rog rs
$
Orange HetU. Bk.
Set1!, Bk. of Sorth Hud, on at
h -o m
r d G. Brown
Samuel Stock
X
/
5 Belnont Ave.,
N w&rk.
Ort nge.
Union City.
f c V l . City Bk.
Queensboro Sat1!. Bk. of the
city of S.Y.
Edward D. Lougbsyta
3
Hew Rochelle
Julius F. Fries
z
»
Rock&way Beech I s V I . Bk.
Julius F. Fries
/
Morihtra Bird, et
105 St.Corona,
L.I., S.Y.
159 BeedillS St.,
Rockaway ?k.,HY.
*'
H&rriaan Sat1!. Bk.& Tr.Co. of the
city of
Richmond Set1!. Bk.
Frederick V. Gooes
Janes J. Monro
r
3
Salt Springs Set*!. Bk*
First Sht*l. Bk. & Tr. Co.
George H. H&ight
Arthur E. Muth
1
Ortn£e
Onion City
Sew York
Sew Rochelle
Sew York
1
Syracuse
Yonkers
m
100 Perk Row, S.Y.
109-10 Jamaica Ave.,
Richnond Hill,
S.Y.
Syracuse
Yonkers
1
I
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Location of B nk
'
i
---------
"
T
DISTRICT 5
Loc .tlon. of Bonk
Same of Bank
Bastes.
Sew Jersey
Atlantic City
a
Atlantic City 8&t*l. Bk*
Chelsea-Second Sat*!, Bk.Sr Tr*Co*
Edward J. 0*Keefe
Chas. A* Faircloth
Bethlehem Si-t*l. Bk.
Southeeatsm Sat*l. Bk.
Sixth Set*l. Bk.
Cos®* rein! Sat* 1 * Bk.
Northwestern Mat*!. 8k.& fr. Co*
Merchants Sctel. Bk,
Reading M atU. Bk. & Tr. Co.
Union S&t«l. Bk.
2nd Mat1!. Bk.
Overbrook Set*!. Bk.
Barry Har^iolis
Willies N. Ottinker
Leonard B. Botfield
Joseph K. Willing
W.B.lard
Frank A. Krohaer
Harvey S. Ada ns
John A. Hart
Robert A. Henderson
S. Herman Holl
Pennsylvania
Bethlehem
Philadelphia
*
S
PottKrill©
Reading
Scranton
Altoona
PhlUdclphia
Johnstown
First National Bank
John Vallely
Address
AvWU^
(
X
Atlantic City
a.
/
/
Bethlehem
Broad & £o.St.,Phil,
Philadelphia
721 Chestnut St.,*
Philadelphia.
Pottsrille.
Reading.
Scranton*
Altoona.
60th & Master Sts.,
Phil.
Johnstown
£
12
1
/
?
/
1
£
>
-at
&
t
C , 1/1/,
^ 4 4 .
Address
E-:.ctiw?r
Location of Batik
t^ h
,
O c f > A ? fi
_
Ohio
Lise
Iferlon
Ma.-sillon
Portsmouth
Toledo
Pemibylvanis
Erie
JT ...tibio n
Moaeasen
Pittsburgh
»
•
«
e
Ottiontown
lllkinsburr
Old f c V L . City Bk.
S: rlon ■ t*l. Bk.
first Bfit*l. He.
First f c t n . Bk.
First «st*l. Bk.
Chfrle# H. Ellis
Grover C* :nytier
Eugene G. Christen
Stanley McCall
John W. Hacks tt
Secoad Hat*!* Bk*
John He Haughney
Zirs-.'v
Bl*
First let* 1* Bk* & Trust Co*
Bk* of Pittsburgh Set1!* Aesa.
Highland M»t»l* Bk.
Exeiv a e S- t*l. Bk.
Sonongehela Bkt*l« Bk*
Du iUesnc Set9l* Bk*
Bi&noiid Se V l * Bk*
Bat1!. Bk. of Fayette County
First Jfet'l. Bk.
V
.' ; ***-
V
1
i
/
t
^
:> -:.~
A. L. Srautegsn
y
A t .try J. Bradford 5**
Albert S* Ktbet
31
Robert S* Gordon
a.
Albert E. Kabat
P
Avery J. Bradford 2Bobert R. Gordon
>
Frfettk J. McEsrl nti 1>
Harry T. Aufd- rhetde
Lima
ife:rlon
Sox C 4,Massillon.
Portsmouth.
Toledo*
Erie
JuEiSato^n
Monessen
Pittsburgh
Pittsburgh
•
e
•
Onloutorn
Wilkiiu-burgi
Reproduced from the Unclassified / Declassified Holdings of the National Archives
-7^//
ppwp
I ■
'
3
1~
- <u^. 7^
S tS T K IC T S
Msae of Brnk
SmEiTST
Cosmierelel B&t*l* Bk*
Federal Asm ricsn Sail.! L<*& Tr.Go*
{,
Address
Robert C* Baldwin
Cary A, Hardee
n_
y
District 8etsl. Bk*
H o r a m R. Hr ail ton
3u
,Vi till*yD* V *
1556 S.I.Ave.#S*W
W& sh« f D*C*
1406 G St.,H*W,,
Warh*tD*C*
Maryland
Hagerstown
First SaVl. Bk*
Claude Gilbert
/
Sorth Carolina
Charlotte
High Point
Raleigh
Serehnnts & Farmers let1!* Bk*
Cor: vv. r e is l ■S t * ! * 8k»
Commercial Set *1* Bk* ,
J* K. Dorsett
John D. Biggs
L. A.* Lent,s
Sat1!, Loan & Exchange Bk*
First Sat1!. Bk.
Central Sat1!. Bk*
C.H.Dixon
Albert L* Doha
William P* Conyers
/
First Hat*!* Bk* St Tr, Co*
1. A* Bond
/
SfetU* Bk. of
Robert C, Miller
Location of Bank
h f
District of Columbia
Washington
»
t
South Caroline
Columbia
Spartanburg
f
1,
X.
/
A-
Hng rstoim
Charlotte
High Point
Bat,I M S # Raleigh,
Columbia
Sperteaburg
Spartanburg
Virginia
Petersburg
West Vir- inis
FaIrmont
Cl
Petersburg
Fairmont
A ^ v ,.
m
, C L a *3 *£ ,
I K '^ C .
z jg s A
^ A- O , .
1
At m L . I»oc;tioi of Bank
jfate. .Pll,P f . sOSi
R;, e - t v o r
florid*
Orltndo
First Msi1!* Bk. & ?r* Co* in
M, 0* Overstreet
City 8*t*X* Bk. in
/
Central Mat1!* Bk. & Tr! Co*
C. B. Bancroft
Erie W* Webb
Hisciaci :•>i
Gulfport
First S l V I . Bk. in
A. F. Rawlings
T— B I M I I I
Chattanooga
Knoxville
Chattanooga 8. t'l. Bk.
Bolstah-Oaioii Sf.Vl, Bk.
Paul Kent
3
Chattanooga
C, 0* Carpenter
v-
Ha* 507,He ail ton
lie*!
SteP^tersburg
2"2.
2.
P.O.Box m o ,
Orlando*
Wi^iai#Box £519.
Oi.Pfttrsburg,
P.O.Box £011,
Gulfport.
J.B.Bldg.,
"T s
Knoxville*
Reproduced from the Unclassified / Declassified Holdings of the National Archives
r
* am
i
u a
.i w .
S
m
^
cl
V
V
S8& & 23L
Aurora Sat1!, Bk.
First Sat«l. Bt. in
Set*!. Bk. of Woodlawn of
Charles H. lileox
I* H, It nil ton
Eugene E. Hi. h.n n
/
a
Peoples SftfL* Bk, & Tr, Co* of
W,W, Peerson
/
a
•
a
a
Hyde Park lowiigri letl.Bk. of
Jefferson P*.rk Sat*l. Bk* of
B o w m v i l l e SatU. Bk* of
West Side Atl&s Sat*l. Bk*
H. S*
R. C.
Freak
J. L*
a
a
Cslunott Sat*!* Bk*
Rogers Perk Set*!* Bk.
Clarence F, Buck
rilaer O.Ericson
Elgin
Freeport
Joliet
a
a
Rockford
a
Home k t'l. Bk.
First 1st*!.
Will County S»t*l« Bk.
Joliet fct*l. Bk.
First S; t*l, Bk*
Rockford lfctU. Bk.
Forrest City HsVl. 3k.
Al* C. Snith
A.
Arthur E. Crus
Willie a M. Emit, on /
Wb . M. Knutson
1
Robert R. Wallace
eL
A. B* Gulhens
2L
A. B. Culh. n e
Chicago
Albany Park S$t*l. Bk. or Tr. Co.
Gordon A. R&aaay
a
Austin Sat1!. Bk.
M. J. Puf&hl
a
Inli ad-Irving Safi* Bk.
R.C.Sulllvn
a
Washington Park S^t*l, Bk.
W*W. Pearson
3
Rockford
s
Waukegan
Mfgrs* SetleBk. & Tr* Co*
Security Sat*!* Bk.
i&ukegan Bat*l. 3k,
A. B* Culhfcne
a
Kelvin B. Ericson
-JU
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SC.
r-C^v.,^ - 7 / A
O
Meno of Bank
Location of Bsnk
?
m / *u. ^
Address
Illinois
Aurora
a
Chicago
Irwin
Sullivan
J* Glare 1
ivitcheil
t
£
/
X
/
/
j
O.
132_
Aurorc, 111*
a
15<6 E, Cord St,,
Chicago,
6506 Cottage Grove
AvcChicago,
Chicago
a
a
1601 W.RoOaevelt Rd,
et Ashland Ave,,
Chicago*
9047 CeauBsmial Ave.,
Chicago,
c/oRogers Perk Sat*l
5k,,Chicago,
Elgin
Freeport
Joliet
a
a
Rockford, 111.
a
5424 Lawrence Ave*,
Chicago*
5654 W.ChicerO Ave,,
Chicago,
Jeff.Pk. SJMOLdg*,
Chicago,
6506 Co4tege Gr^ro
Ave,,Chica o.
Rockford,111.
a
Waukegan*
fetation. of. Auric
7
(ccattnuoc)
H-tru*0,6kv<y
Neats of. Brnk
Bee fiver
Old-First Sit*l. Bi« & Tr. Co.
Set*!. 1&, of Aserlca st
First Hat1!, at.
Haaaond Set*!* Bk. & Tr. Co.
CltiseRs Set*!* Bk.
First Set*!. Bk.
John M, Touag
Cain C. Beeler
Coin C. Beeler
Tho-xes M. Kitchen
James W, Csrpenit r
W e -y c C. Stui rt
Joseph E. Seif
kM ££M 2
Indiana
Fort layne
Gary
■
Bar— mart
Kokomo
topuyoft
South Betid
Terre Haute
Cttixons Set!* 3k.
Sc. & Tr. Co.
Citizens
J. Harold Beasett
First Set!* Bk.
Consolidated Sat11. Be.
Pioneer Sat*l* Bk*
Coaaerctel fctll. Bk.
Tho^iES J. Maloney
Ben C. Bond
2.
a.
X
a.
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Fort Way##
Gary
*
& ao ad
Bx.fC, Kokoao.
Logansport
S.>uth Bend
?£4-£S Set*!.Blag
Terre Haute
love
Council Bluifs
Dubuque
Waterloo
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Baba; ye
Waterloo
•
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X
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First fct'l. Bk.
first Bat*l. 3k. & Tr.Co. at
Grand lipids Sfet*l. Bk.
B.C.ucbra*
John S. 2Mith
Allan A. HaCurdy
Onion end People# Set*!. 3k.
Capital Wat*!. Bk.
First Sat1!. Bk. at
Reuben 8. Rossaem
3
Joseph W* Glsa on
f
3
Grind Rapids
Jack ion
Ena# I ig
Pontiac
i
Food du Lae
1
Bx. £97, Oshkosh
Green Bay
CotaraArcle! Set*!. Bk.
City Set'l. Bk.
ScCartoey Bet1!* Bk.
Surrey M. Ai^hbeugh
L. C. f©Bruin
L. J« Bosworth
L. J. Bo sworth
Keproauced from the Unclassified / Declassified Holdings of the National Archives
CT^aiC-f
X
Detroit
Flint
tl
1
—
DISTRICT 8
Location Of Be-qk
Msa* of D ok
Receiver
Illinois
Jecfcewrille
Ayerti Met1!. 9k*
Mel. on H. Grr esc
Indiana
lew Alba ny
Second
Cherles Davidson
a.
Mew Albany
Jeff* B. Booker
A. 8. Anderson
CL
Pstiuc&h
Bx. ISO,Louisville
Kentucky
Paducah
Louisville
B it io u r i
SedblU
Bk.
City S&t*l. Bk.
MsVl. Bk. of Ky.
» ^ r t
Address
Jacksonville
io
,
xi
Citlsens B*t«l. Bk.
Grand
Bk.
A f rican asck a * lfet*l. Bk
South Side 8at*l. Bk.
WtiuL.Koenig
John W. Snyder
8 “rb»rt 8. Johnson
J. Beckaer Fisher
/
3-
m
St.Louis S t 1!. Bk.
m
Yaadewintor iltt*l. Bk,
*
John W* Snyder
/
a.
St.Louig
St.Loals
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Sedelia
St.Louis
M
1800 Olive St*
St .Louie
8t.Louie
c/o Gri ad H.B.,
St.Louie
grttiicta
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Address
Texes
Corpus Christ!
El Paso
City l a i n * Bk. h Tr. Co*
First SatU. Bk.
W. F. Wallace
S. 0, Pottorff
/
Corpus Christ!
El Paso
1'
DI--ILXCJL1L
£
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,
AMresg
Loc-tloa of 3enk
lane of Bank
California
Brv«rly Hills
First l a tU. Bk.
Wa. Prentiss, Jr.
0,
Long Bench
Seaside let*!. Bk*
J. C. Scully
/
Los Angeles
O.S.BstU. Bk.
Wa. Prentiss, Jr.
0: klt nti
Ceatrel Si-t’l. Bk.
Jo e.>h H. Grut
¥
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Joseph B. O ’Seil
t
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Boise
Boise City gfct’l. Bk.
Rosooe 8* Bsddon
i
Balsa
Reno
Reno 1(1*1. Bk.
1. J. Tobin
1
Reno
First H6tU. Bk. in
Keith Powell
}
Salsa
Winfield A. McLean
/
?. Q.Box 1475?,
P.O.Box 938,
Beverly H.,C:li
109 American Ave.
Long Beach.
P.O.Box BO,
Station C,
Los Angeles.
E».£OS,Cc?ntr&l
Bk.Bldg.,
Osklf nd.
Idiho
Seredo
Oregon
Ssle*
Bathing ton
Taco-as
Wash. Sat1!* Bk. In the city of
Tacoea.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
F
RAl
_: s e r v e
board
file
/
UUtAZlnJZW f &c±
The Federal Advisory Council acknowledges receipt of
the letter of the Secretary of the Board of Governors of the
Federal Reserve System dated November 12, 1955 in which the
Board asks the advice of the Council in reference to "the de
sirability of asking a small group of the larger member banks
to fill out a schedule showing in each case the deposits of
the b a n k ’s fifty or one hundred largest depositors on four
dates in each year for the past six years, classified by a
broad classification", etc.
The members of the Council as individuals see no ob
jection to banks giving the information, but the Council as
such does not desire to express an opinion on this subject.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Purpose
The Board of Governors in formulating its general policies is
interested not only in the volume of.deposits but also in the turnover,
non and in the future.
One factor that has a hearing on the turnover
is the distribution of deposits among different economic groups, about
which almost no current information is available*
Since 1933 over
$5i billion of new demand deposits have come into existence.
happened to this purchasing power?
What has
Has it been distributed among all
economic groups or has the bulk of it come to: rost temporarily in large
corporate accounts?
It is known that deposits in New York and Chicago
are far in excess of their
1929
peak*
It is also known that demand de
posits in the central reserve city and reserve city member banks have
increased over $4 billion since 1933#
If this represents a growth of
large corporate balances what bearing will this have on the probable
future denand-for bank credit and on the volume of new capital issues?
As there are over fifty million separate accounts a complete, cover
age and classified distribution of deposits would bo a largo task.
is known, however, that in
1933
It
about 4f> percent of total deposits were
in 47,000 accounts of over $50,000 each.
It appears, therefore, that
information on the larger accounts in tho larger banks would throw con
siderable light on what has happened to the deposits created in the
past two years while involving a minimum of trouble to collect,
/
/
Reproduced from the Unclassified / Declassified Holdings of the National Archives
/
^
Procedure
The original suggestion was to obtain information on identical
accounts at intervals during the past six years.
If, however, the
inquiry were confined to a few accounts in a few banks it would be
impossible to determine whether the changes shown were actual changes
in corporate accounts or merely represented shifts between banks.
If the inquiry were limited to the period since the bank holiday it
is believed that changes due to shifts of deposits would be minimized,
It is now proposed, therefore, to investigate the feasibility of obtain
ing information on all accounts above a certain amount, classified by
manufacturing, trade, public utility and railroad, financial, personal,
and other, as of a recent date, and the same accounts as of June
1933*
30,
The broad classifications would preclude the possibility of
identifying the ownership of any deposit.
If the information here
suggested were obtained it would throw light upon the present distri
bution of the larger deposits and would aid in determining what has
happened to the deposits created by G-overnment financing and by inflows
of gold.
Questions
The specific questions on which assistance is solicited from the
Advisory Council are as follows:
1,
Accounts above what size in New York and Chicago banks would
include some
2,
30
or 40 percent of their deposits?
Accounts above what size in the
j6 largest banks outside of
New York and Chicago 7/ould include some 25 percent of their deposits?
Reproduced from the Unclassified / Declassified Holdings of the National Archives
>
f
V
- 3 -
3*
Would the tabulation and classification of such accounts
involve much inconvenience?
Before proceeding with the inquiry the answers to these questions
would he sought from the individual hankers affected.
In the meantime
the Board will appreciate any assistance the Advisory Council may give
it in this matter
Reproduced from the Unclassified / Declassified Holdings of the National Archives
THE WHITE HOUSE
CLa J c ,(} j~
WASHINGTON
November 12, 1935
My dear Mr. Secretary:
By virtue of the authority vested in me under the Emergency
Relief Appropriation Act of 1935, approved April 8, 1935, it is
requested that the following funds he transferred from the
appropriation made in said Act to the Works Progress Adminis
tration for the purpose indicated ^elow:
AMOUNT:
$14,112,442.
PURPOSE:
For assistance to educational, professional and
clerical persons in accordance with the attached
schedule of projects.
Subject to the application,
of Title III of the Treasury and Post Office
Appropriation Act, fiscal year 1934, to the acqui
sition of articles, materials and supplies for use
in carrying out such projects.
(Nation-wide')
Sincerely yours,
(Signed)
The Honorable,
The Secretary of the Treasury.
FRANKLIN D. ROOSEVELT
h
Reproduced from the Unclassified / Declassified Holdings of the National Archives
WORKS PROGRESS ADMINISTRATION
Assistance to educational, professional and
clerical persons.
Survey of Farm labor Conditions. Based on a
small sample, for the purpose of devising a
general method for studies of farm labor condi
tions.
The study will cover such items as:
personal description of the laborer (sex, age,
color, education, etc.), enumeration of the labor
e r ’s family, recent work history, description
of laborer’s last or present job, etc. Field
work, consisting of personal interviews, will
be carried on in four counties in North Caro
lina, and in three counties in New Jersey;
tabulations will be made in Raleigh, N. C.,
and New Brunswick, N. J. (State W. P. A. No.
9109)
New Jersey
North Carolina
$
5,726
0.P.65-22-3960
5,324
O.P.65-32-3457
17,439
O.P.65-23-4604
104,534
O.P.65-31-2075
Tabulation of the Real Property Inventory,
Washington, D. C., taken in 1934 under CWA.
The project will be located in Philadelphia
owing to the shortage of relief labor in Wash
ington, D. C. (State W. P. A. No. 9108)
Pennsylvania, Philadelphia Co.
Compiling detailed statistics of United States
imports for 1933 and prior years.
The project
will be carried on in Richmond, Virginia,
(State W. P. A. No. 9104)
Virginia, Richmond
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Collections of Building P, - .it
,atistics in 883 cities.
This project consists of the collection of detailed data
covering the years 1929 through 1935. The data for each
city are to he broken down by geographic areas within
the city, according to type of dwelling or building,
cost, number ofrooms, materials. The extent and nature
of demolition of buildings will also be studied, (State
W.P.A. Mo. 9107)
Alabama
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Texas
Tennessee
$ 3,832
923
1,968
11,079
1,847
5,540
796
21,673
5,110
5,052
1,533
10,156
7,391
4,305
4,305
4,076
2,717
923
2,200
15,698
8,309
3,989
1,278
5,621
923
2,200
923
923
12,004
923
17,542
6,387
796
12,926
5,296
923
15,695
2,769
2,554
1,406
13,307
5,343
0.P.65-61-2031
0.P.65-2-484
0.P.65-63-3259
0.P.65-3-2562
0.P.65-84-1401
0.P.65-15-1311
0.P.65-24-196
0.P.65-26-269
0.P.65-35-2885
0.P.65-34-3580
O.P. 65-92-788
O.P,65-54-3432
O.P.65-52-2792
O.P.65-72-4651
O.P.65-82-2023
O.P.65-43-3808
O.P.65-64-958
O.P.65-11-983
O.P.65-25-793
O.P.65-14-6796
O.P.65-51-4311
O.P,65-71-5816
O.P.65-62-4648
O.P.65-55-3431
O.P.65-91-1634
O.P.65-81-1245
O.P.65-4-179
O.P.65-13-824
O.P.65-22-3962
O.P.65-85-1266
O.P.65-21-5038
O.P.65-32-3459
O.P.65-73-2019
0,P.65-42-13566
O.P.65-65-2152
O.P.65-94-676
O.P.65-23-4606
O.P.65-16-984
O.P.65-33-3277
O.P.65-74-1761
O.P.65-66-4838
O.P.65-44-1997
929-3
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Headquarters expenses
Including expenses for travel,
field supervision, rent and sup
plies insofar as these cost items
cannot "be allotted to the particu
lar states. Tabulation to be
performed at Indianapolis, Boston,
Trenton, Nashville and Salt Lake
City.
$
923
923
5,435
2,769
2,810
5,540
923
82,840
0.P.65-1-679
O.P.65-12-762
0.P.65-31-2076
0.P.65-93-833
0.P.65-41-3022
O.P.65-53-3402
0.P.65-83-311
0.P.65-1702
Make a survey of Negro White-Collar and
Skilled Workers. To ascertain:
the type
and amount of training '’white-collar11 and
"skilled" Negro workers have received; the
relationship between this training and their
occupational experiences; the methods by
which they secured their training.
(State
W.P.A. No. 9101)
Massachusetts
Connecticut
New York
New J erscy
Pennsylvania
Ohio
Indiana
Illinois
Michigan
Minnesota
Nebraska
Missouri
$ 13,355
2,129
54,450
10,282
30,262
22,770
8,917
35,090
12,878
4,535
3,758
14,475
0.P.65-14-6798
0.P.65-15-1312
0.P.65-21-5040
0.P.65-22-3964
0.P.65-23-4609
O.P.65-42-13567
O.P.65-52-2794
O.P.65-54-3434
O.P.65-51-4313
O.P.65-71-5818
O.P.65-81-1247
O.P.65-55-3433
929-4
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Kansas
$ 2,414
Delaware
2,056
8,245
Maryland
District of Columbia
12,536
Virginia
15,580
West Virginia
2,258
Forth Carolina
12,534
South Carolina
6,909
'
Georgia
14,240
Florida
10,400
Kentucky
5,356
Tennessee
16,280
Alabama
14,010
Mi ssissippi
2,770
2, 524
Arkansas
Louisiana
13,556
Oklahoma
4,420
Texas
16,000
2,129
Colorado
California
9,307
80,407
Headquarters expenses Including expenses for the central
supervisory and tabulating offices;
travel, field supervision, rent and
supplies in so far as these cost items
cannot be allotted to the particular
states.
Tabulation is to be performed
at Few York City.
(State W.P.A. F o . 9101)
0.P.65-82-2025
0.P.65-24-198
0.P.65-25-795
0.P.65-26-271
0.P.65-31-2078
0.P.65-41-3024
0 .P.65-32-3461
0.P.65-33-3279
0.P.65-34-3582
0.P.65-35-2887
0.P.65-43-3810
0.P.65-44-1851
0.P.65-61-2033
0.P.65-62-4650
0.P.65-63-3261
0.P.65-54-950
0.P.65-65-2154
0.P.65-66-4840
0.P.65-84-1403
0,P.65-3-2584
0.P.65-1704
A Survey of Methods of Dealing with Persons Pound Guilty
of Crime.
Consists of an analysis of the lows relating
to the disposition of nersons found guilty of crime; a
study of the methods, facilities, and administration of
correctional treatment; a detailed study of personal,
social and other characteristics of individual proba
tioners and parolees to determine.which influence success
or failure; preparation of "experience tables" useful to
judges, parole boards, etc., in connection with the se
lection and supervision of probationers and parolees.
W.P.A. Fo. 9114)
Alabama
,Ari zona
Arkansas
California %
Colorado
Connecticut
Delaware
District of Columbia
Florida
$ 20,449
13,852
15,526
20,718
18,775
11,281
9,487
41,395
20,568
0. P.65-61-2034
0.P.65-2-486
0.P.65-63-3262
0.P.65-3-2555
0.P.65-84-1404
0.P.65-15-1313
C.P.65-24-199
0.P.65-26-272
0.P.65-35-2888
999-5
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Georgiy
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Wa shington
West Virginia
Wisconsin
Wyoming
Headquarters expenses Include expenses for travel, field supervision,
rent and supplies in those cases where these
cost items cannot be allotted to the individual
states.
Tabulation is to be performed at
Washington, where special arrangements have
been made to use only Negro white-collar relief
labor.
$ 18,725
8,480
30,649
30,015
12,447
16,772
22,222
25,790
15,386
16,582
22,527
33,124
10,343
24,275
23,059
11,042
14,589
7,334
10,015
25,332
10,394
74,994
18,575
12,397
30,021
18,725
11,590
39,765
7,065
15,984
14,509
28,441
33,922
6,784
10,394
26,199
25,825
13,134
18,236
13,792
442,593
0. P.65-34-3583
0.P.65-92-790
0.P.65-54-3435
0. P.65-52-2795
0.P.65-72-4653
0. P.65-82-2026
0. P.65-43-3811
0.P.65-64-961
O.P.65-11-985
0.P.65-25-796
O.P.65-14-6799
O.P.65-51-4314
O.P.65-71-6063
O.P.65-62-4651
O.P.65-55-3434
O.P. 65-91-1636
O.P.65-81-1248
O.P.65-4-181
O.P.65-13-826
O.P. 65-22-5244
0,P.65-85-1268
O.P.65-21-5041
O.P.65-32-3462
O.P.65-73-2021
O.P.65-42-13568
O.P.65-65-2155
O.P.65-94-678
O.P.65-23-4610
O.P.65-16-986
O.P. 65-33-3280
O.P.65-74-1763
O.P.65-44-1852
O.P.65-66-841
O.P.65-1-681
O.P.65-12-764
O.P.65-31-2079
O.P.65-93-835
O.P.65-41-3025
O.P. 65-53-3404
O.P.65-83-313
O.P.65-1705
929-6
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Study relative to the nutrix ~>nai adequacy and
economy of diets of wage-earners1 and salaried
workers’ families. This project will be located
in Baltimore.
(State W.P.A* No. 9103)
Maryland, Baltimore
$12,430
0.P.65-25-797
A study of the Consumption of Goods and
Services by Urban Families. Data will be
collected from a large sample of families
of wage earners, clerical professional,
and business groups and from dependent
families* Data will be tied in with the
data obtained in a similar study by the
Bureau of Home Economics.
(State W.P.A* No.
9113)
Alabama
Colorado
Connecticut
Florida
Georgia
Illinois
Indiana
Iowa
Kansas
Kentucky
Ma ine
Maryland
Massachusetts
Minnesota
Mississippi
Missouri
Montana
Nebraska
New York
North Carolina
Ohio
37,412
213,943
58,582
2,685
190,064
346,250
90,682
20,102
20,838
106,143
7,280
22,344
137,811
24,973
2,025
144,072
27,492
46,565
425,538
13,652
343,294
0.P.65-61-2035
0.P.65-84-1406
0.P.65-15-1314
0.P.65-35-2889
0.P.65-34-3585
0.P.65-54-3436
' " O.P.65-52-2796
v. Jr.65-72-4655
0.P.65-82-2028
0.P.65-43-5812
0.P.65-11-986
0.P.65-25-799
CAP .65-17,-6801
0.P.65-71-5819
0.P.65-62-4653
0.P.65-55-3436
0.P.65-91-1637
0.P.65-81-1250
0.P.65-21-5042
0 .P .6 5 -3 2 - 3 4 6 4
0.P.65-42-13570
92.9-7
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Oregon
Pennsylvania
Rhode Isldnd
South Carolina
T exas
Virginia
Washington
Wisconsin
Headquarters Expense Includes expenses for travel„ field
supervision, rent and supplies in so
far as these cost items cannot be al
lotted to the individual states«
Tabulation is to be performed at Boston,
New York, Buffalo, Richmond, Atlanta,
Houston, Louisville, Cincinnati„ Chicago,
Milwaukee, St * Louis, Denver„ and Portland,
Oregon*
209,853
62,152
108,362
25,771
111,532
103,792
54,804
138,940
42^,198
0»P,65-94—680
0.P.65-23-4612
C,Fo 65-16-988
0„Pe65-33-3282
0=P c65-66-4842
-OeP«65-31-2080
OoP* 65-93-837
0»Pt65-53-8406
0.P.65-1706
A study of the consumption of goods and service by rural
and town families* The project will be closely coor
dinated with the work of the Bureau of Labor Statistics*
(State W*P*A« No* 9112)
Alabama
California
Colorado
Georgia
Iowa
Kansas
Maryland
Massachusetts
Michigan
Mississippi
Missouri
Nebraska
New Jersey
North Carolina
North Dakota
Ohio
113,488
60,949
23,814
82,348
53,593
29,543
197,160
60,720
26,707
42,975
12,787
274,602
15,972
45,817
32,062
418,384
0 .P« 65-61-2330
0 «Pc 65-3-3101
O.Po65-84-1405
OoPo 65-34-3584
O.Pc65-72-4654
0 CP.65-82-2027
O.Po 65-25-798
0.P.65-14-6800
O.Pc65-51-4315
O.Po65-62-4652
OcPc 65-55-3435
CePo65-81-l249
OeP,65-22-3965
OoPo65-32-3463
0 oPo65-73-2022
O.Po 65-42-13569
929-8
Reproduced from the Unclassified / Declassified Holdings of the National Archives
84,901
Oregon
O.P.65-94-679
O.P. 6 5 -2 3 - 4 6 1 1
58,006
Pennsy1vania
J—L , A 4 1
O.P.65-16-987
Rhode Island
O.P.65-33-3281
South Carolina
84,963
O.P.65-1-632
11,518
Utah
Vermont
0 .p. 6 5 -1 2 - 7 6 5
33,977
O.P. 6 5 -9 3 - 8 3 6
Washington
222,497
51,206
Wisconsin
O.P.65-53-3405
36,902
Wyoming
O.P.65-33-314
O.P.65-1707
244,498
Headquarters Expense Includes expenses for trevel, field super
vision, rent end supplies in so far as these
cost items cannot be allotted to the individual
states. Tabulation is to bn performed at:
Columbus, Omaha, Baltimore, Birmingham and
Sea ttie.
Sample study of changes in the distribution and
activity of deposits for the ye; rs 1928-31,
Transcription and U bulation of personal and
business accounts and credits to personal accounts
in active and failed banks.(Tabulating; .••rid
calculating center will be located in New York City.
(State W.P. a . No. 9105) )
X
y
< < < <
< ^
Alabama
v Arizona
v Arkansas
>Z California
^ Colorado
• Connecticut
"2 Delaware
784
440
400
11,2u0
1 ,0 4 0
4,150
4 1>4
O.P. 6 5 - 6 1 - 2 0 3 8
O.P.65-2-488
O.P. 6 5 - 6 3 - 3 2 6 4
O.P. 6 5 -3 - 2 5 6 8
O.P. 6 5 -3 4 - 1 4 0 9
O.P. 6 5 -1 5 - 1 3 1 7
O.P.65—24—202
929-9
vx
y
vZ
V
Reproduced from the Unclassified / Declassified Holdings of the National Archives
v" District of Columbia
v Florida
v Georgia
.Idaho
y Illinois
TZ Indiana
V Iowa
v yKansas
Kentucky
vZ Louisiana
'■ Maine
• Maryland
Massachusetts
v 4Z Michigan
\ 3,712
iV ^ ^ I& M n n e s o ta
fv Missouri
V Mont ana
V Nebraska
V Nevada
v New Hampshire
Z New Jersey
New Mexico
New York
North Carolina
v /North Dakota
v Ohio
Oklahoma
Oregon
Z Pennsylvania
Rhode Island
South Carolina
Tennessee
Texas
^ Utah
v Vermont
Virginia
Washington
West Virginia
\/ Wisconsin
He_adquarters expenses Include expenses for travel, field supe rvision, rent and supplies in so far as
these cost items cannot be allotted to the
particular states. Tabulation is to be
performed at New York City.
1.392
1,176
800
16,400
10,320
2,928
1.392
1.520
832
1,880
1,792
9,880
20,920
2,080
6,736
440
928
800
480
6,600
440
21,842
2,328
1,104
6 ,0 0 0
832
960
32,932
1.040
1,904
1,960
4,408
1.040
400
1.520
2,080
2,096
1,920
403,347
0.P.65-26-275
O.P.65-35-2892
\Z
0.P.65-34-3588
>z
O.P.65-92-793
O.P.65-54-3439
O.P.65-52-2799
O.P.65-72-4658
V
0.P.65-82-2031
O.P.65-43-3815
xZ
O.P.65-64-964
O.P.65-11-989
O.P.65-25-802
O.P.65-14-6804
O.P.6.5-51-4318
V
0.P.65-71-5822
O.P.65-55-3439
xZ
0.P.65-91-1640
Z
0.P.65-81-1253
O.P.65-4-184
O.P.65-13-829 Z
0.P.65-22-5968
0.P.65-85-1271 v'
O.P.65-21-5045
O.P.65-32-3467
0.P.65-73-2025 Z
O.P.65-42-13573
O.P.65-65-2158 Z
O.P.65-94-683 >z
O.P.65-25-4615
O.P.65-16-991 v
0.P.65-33-3285
O.P.65-44-1855
0.P.65-66-4845Z
0.P.65-1-685 Z
O.P.65-12-768Z
0.P.65-31-2083v
O.P.65-93-840 Z
O.P.65-41-3028
O.P.65-53-3409
O.P.65-1708
929-10
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Farm Mortgages, Land Values and Transfers, and Farm Taxes.
Sample survey to determine for a series of years: average
prices paid for farm real estate; frequency of transfer of
farm real estate "by various methods; farm mortgage condi
tions (fillings, releases, foreclosures, assignments, etc);
farm tax conditions (assessments, delinquencies, average
load per acre in different regions); White collar workers
will he employed exclusively.
Project will he conducted
in 1000 selected counties (nationwide). (State W.P.A.
No. 9111).
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
New York
New Jersey
Pennsylvania
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
North Dakota
South Dakota
Nebraska
Kansas
Delaware
Maryland
Virginia
West Virginia
8,158
4,079
6,118
10,197
2,039
10,197
57,103
12,236
50,985
71,379
61,182
93,812
48,946
65,261
81,576
91,773
75,458
40,783
55,064
83,615
97,891
2,039
14,276
50,985
28,552
0.P.65-11-991
0.P.65-13-831
0.P.65-12-770
O.P.65-14-8226
0.P.65-16-993
0.P.65-15-1319
0.P.65-21-5047
0.P.65-22-3970
0.P.65-23-4617
0.P.65-42-13575
0.P.65-52-2801
0.P.65-54-3441
0.P.65-51-4320
0.P.65-53-3411
0.P.65-71-5824
0.P.65-72-4660
0.P.65-55-3441
0.P.55-73-2027
0.P.65-74-1767
0.P.65-81-1255
0.P.65-82-2033
0.P.65-24-204
0.P.65-25-804
0.P.65-31-2085
0.P.65-41-3030
929*11
Reproduced from the Unclassified / Declassified Holdings of the National Archives
$50,985
24,473
81,576
34,670
61,182
48,946
34,670
40,788
38,749
32,630
53,024
152,955
28,552
22,433
12,236
32,630
16,315
8,158
14,276
8,158
32,630
26,512
59,143
921,600
0.P.65-32-3469
0.P.65-33-3287
O.P.65-34—3590
0.P.65-35-2894
O.P.65-43-3817
O.P.65-44-1857
O.P.65-61-2040
O.P.65-62-4657
O.P.65-63-3266
O.P.65-64- 966
O.P.65-65-2160
O.P. 65-66-4847
O.P.65-91-1643
0.P.65-92- 795
O.P.65-83- 319
O.P.65-84-1411
O.P.65-85-1273
O.P.65- 2- 490
O.P.65-1- 688
O.P.65-4- 187
O.P.65-93- 843
O.P.65-94- 692
O.P.65- 3-2570
O.P.65-1710
Census of American Listed Corporations. Transcription
and tabulation of material filed with the SEC on forms
5 and 10-17 for permanent registration of securities.
Transcribing information from original SEC forms upon
cards and of tabulating such material. Project will be
located in New York City - some small parts in Baltimore.
(State W.P.A. No. 9106)
New York
.
72,139
Maryland
4,680
0.P.65-21-5049
0.P.65-25- 806
North Carolina
South Carolina
Georgia
Florida
Kentucky
Tennessee
Alabama
Mississippi
Arkansas
Louisiana
Oklahoma
Texas
Montana
Idaho
Wyoming
Colorado
New Mexico
Arizona
Utah
Nevada
Washington
Oregon
California
Headquarters expenses Include expenses for travel, field super
vision, rent and supplies in those cases
where these cost items cannot be allotted
to the individual states. Tabulation is
to be performed at Detroit.
A project for collecting information from original sources
with respect to the beneficial effects resulting from each
of the several types of relief extended by the Federal
Government, with a view to securing reliable information
essential to the most effective administration of Federal
relief laws. The work would be carried on in the various
states according to following schedule. (State W.P.A*
No. 116267)
Alabama
40,500
0.P.65-61-2039
929-12
Reproduced from the Unclassified / Declassified Holdings of the National Archives
I
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
13,.00
22,500
153,-000
22,500
74,250
13,500
567,000
15,750
130,500
13,500
155,250
11,250
27,000
13,500
18,000
31,500
13,500
42,750
42,750
114,750
38,250
27,000
40,500
33,750
56,250
13,500
15,750
18,000
13,500
31,500
18,000
20,250
33,750
9,000
9,000
38,250
27,000
65,250
15,750
18,000.
72,000
11,250
13,500
20,250
4,-500
9,000
27,000
13,-500
0.P.65-2-489
O.P,65-63-3265
O.P,65-3-2569
0.P.65-84-1410
O.P.65-15-1318
0.F.65-24-203
O.P.65-26-276
O.P.65-35— 2893
O.P.65-34-3589
0.P.65-92-794
O.P.65-54-3440
O.P.65-52-2800
O.P.65-72-4659
O.P.65-82-2032
O.P.65-43-3816
O.P.65-64-965
O.P.65-11-990
O.P.65-25-803
O.P.65-14-6805
O.P.65-51-4319
O.P.65-71-5823
O.P.65-62-4656
O.P,65-55-3440
O.P.65-91-1641
O.P.65-81-1254
O.P.65-4-185
O.P.65-13-830
O.P,65-22-3969
O.P.65-85-1272
O.P.65-21-5046
O.P.65-32-3468
O.P.65-73-2026
O.P.65-42-13674
O.P.65-65-2159
O.P.65-94-684
O.P.65-23-4616
O.P.65-16-992
O.P,65-33-3286
0.P.65-74-1766
O.P.65-44-1856
O.P.65-66-4846
O.P.65-1-686
O.P,65-12-769
O.P.65-31-2084
0.P .65—03^841
O.P.-65-41-30 29
O.P.65-53-3410
O.P.65*83-317
Grand Total*#-....«
929-13
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Of
Hr. Walter Lichtenstein,
Secretary, Federal Advisory Council,
58 South Dearborn Street,
Chicago, Illinois.
Dear Hr. Lichtensteins
The Board of Governors of the Federal Reserve System is
considering the desirability of asking a small group of the larger
member banks to fill out a schedule showing in each case the de
posits of the bank’s fifty or one hundred largest depositors on
four dates in each year for the past six years classified by broad
classifications, such as finance, manufacturing, trade, and personal,
so that identification of individual accounts would be impossible.
It is believed that such information would be very helpful to the
Board and that its preparation would involve little or no difficulty*
Before making the request of the banks, however, the Board
would appreciate it if the matter could be considered by the Federal
Advisory Council at its meeting in Washington on November 80, 1955,
and if any suggestions which the Council may have to make with re
gard thereto could be submitted to the Board at the Joint meeting
of the Board and the Council on November 81.
Very truly yours,
(Signed) C hnter Morrill
/
Chester Morrill,
Secretary.
@FedFRASER