The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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Federal Reserve Bank of St. Louis
122.2-1 - Transfer of certain counties from
the 8th to 10th FRDistrict
(Nov 1937 - Mar 1938)
IfiA61 ER
END
SHEET
KIND OF MATERIAL OR NUMBER
122.2-1
NAME OR SUBJECT
Transfer of certain counties from
the 8th to 10th FRDistrict
DATES (Inclusive)
Nov 1937 - Mar 1938
PART NUMBER
Part 2
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Federal Reserve Bank of St. Louis
SECTION
LiEC'D IN FILES
q?
0 :2 -----
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
7
'1
V
WASHINGTON
DIVISION
OF EXAMINATIONS
. Boston, Massachusetts
March 23, 1938
Mr. Leo H. Paulger,
Chief, Division of Examinations,
Board of Governors of the Federal Reserve System,
Washington, D. C.
Dear la.. Paulger:
In order to complete the Board's files in regard to
the petitioning banks in Western Missouri there is enclosed an
acknowledgment of a letter and time schedule which I received
from Vice President Wood of the Federal Reserve Bank of St. Louis
and which I delivered to la.. Leonard while in Washington last
Monday.
There is also enclosed, a letter from Mr. Hoefer which
came into my hands this morning and a copy of my acknowledgment to
Mr. Hoofer. It is interesting to note that he was able to obtain
completed cash letter and currency forms from thirty-eight, or a
little better than one-half of the seventy-two banks located in the
thirteen petitioning counties. In discussing this ratio with
Yr. Smead last Monday, Mr. Smead stated he Was hopeful that the forms
received from the thirty-eight banks would be sufficient to reflect
a satisfactory cross section of the volume handled by the petitioning
banks.
Very truly yours,
E. R. La ard,
Federal Reserve Examiner
Enclosures
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Federal Reserve Bank of St. Louis
Boston, !:assachusetts
-arch 23, 1030
Tr. J. . ..00d, Vice President
Yodoral nosorvo Bank of St. Louis
St. Louis, :assouri
Dear 71 . Wood:
.
.
flocelpt is acialowlek;od of your letter of I:arch IG, 1030,
tocothor with a current tiL- schedule covorinc currency shipments
2o
from St. Louis and from Kansas City to towns located in the thirteen
'
counties in -:estorn ilissouri -which petitioned for transfer fro:.' the
rachth to tho Tenth Federal ::doorvo District.
The abovo-montionod letter and attachments wore mud° a
part of tho Board's file covorin tho petitions on :arch 21, 1030,
'on which date I was In 'ashincton and dolivored them in person.
Thankinc you for your cooperation in this matter, 1 an
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Federal Reserve Bank of St. Louis
Vory truly yours,
E. n.
roderal Rosary() FxRntner
/
,a`
•
THE BANKERS ASSOCIATION
OF
LAFAYETTE-R AY COUNTIES
March 18, 1938
OFFICE OF SECRETARY
LEXINGTON, MISSOURI
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Federal Reserve Bank of St. Louis
Mr. E. R. Millard
Federal Reserve Examiner
c/o Board of Governors
Washington, D. C.
Dear Mr. Millard:
We have today forwarded to Mr. Leo H. Paulger
the forms which you left with us and which have been filled out
and returned to us by 58 of the banks located in the 15 Northwest
Missouri counties which are requesting transfer.
I am sorry that we have not been able to get
these to you earlier but most of the banks have been quite busy
orts_whiph
during this period getting out various gove
accounts for the delay.
We feel that the attached forms will give you a
fairly good picture of the percentage of items handled in the
various districts, but if you feel that you Should have these
forms from more of the banks, we will follow up our previous
letters and endeavor to have the remainder of the forms sent you.
Mr. Millard, we certainly hope that this information will be sufficient to make the Board of Governors realize
just how much it would mean to most of these banks to be transferred to the Tenth Federal Reserve District.
You will notice on many of the forms the last
column headed "other correspondents" has a sizable amount listed.
In many cases this item refers to banks in St. Joseph, which is,
as you well know, in the Kansas City Listriet.
Yours very truly,
Sam Hoefer
Higginsville, Missouri
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Federal Reserve Bank of St. Louis
o
•
,
oston -UGsachusotts
I:arch 23, 1938
ra• Sam Hoofor
Dan!: of HI insvl.11e
,
ElGGinzv 11o :Iscouri
:
Dear lir. Hoofer
:locoipt is acowledcod of your letter of 77arch 10,
1030 which Ic beinz; forwardod to the noard of ('overnors
today. Should add1t1onal information In recard to cash
letters and currency shipments be roquirod I fool sure that
you will bo adviso d direct from 'ashincton.
Very truly yours,
E. :. :illard,
Federal Rosary° 7,xaminer
„
ELS/jbs
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Federal Reserve Bank of St. Louis
Mr. Sam H. Hoefer,
The Bc.nkers Association of
Lafayette-Ray Counties,
HigT,insville, Missouri
Dear Mr. Hoofer:
This will acknowledge receipt of your letter of
March 17, 1938, enclosing forms filled out by 38 banks
located in the 13 counties of Northwest Missouri which
are requesting transfer from the jurisdiction of the Eighth
Federal Reserve District to the Tenth Federal Reserve
District. These forms will be turned over to our operating department and if any additional inform,tion is needed
in connection therewith we will communicate with you further.
Very truly yours,
L. P. Bethea,
Assistant Secretary.
•
THE BANKERS ASSOCIATION
OF
LAFAYETTE-RAY COUNTIES
OFFICE OF SECRETARY
fREC'D IN FILE
March 17, 1938
LEXINGTON, MISSOURI
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Federal Reserve Bank of St. Louis
Mr. Leo H. Paulger
Chief, Division of Examinations
Board of Governors of the Federal Reserve System
Tashington, D. C.
Dear Sir:
As recuested by Mr. F. R. Millard, Federal
Reserve Bank Examiner, we are enclosing forms filled
out by 58 banks located in the 13 counties of Northwest
Missouri which are requesting transfer from the jurisdiction of the Eighth Federal Reserve District to the Tenth
Federal Reserve District.
Yours very truly,
Sam Hoefer
Higginsville, Missouri
SECTION
MAR ,? 4 1938
•
FIRST NATIONAL BANK
BRAYY
MISSOURI
.
kigax.c c.lid location of bank
(Caldwell County)
CURRENCY 11. 1) COIN RECEIPTS FROY OUT 07
'
Arnount
Date
received
Date
shipped
Cur
TOWN
VMPNITF
Membur or Nonmembor
BANKS DURING MONTE OF NOVEYBER,1937
Bank from which received
$2,500.
Nov 4
Nov 6
Federal Reserve
St Louis
2,500.
Nov 8
Nov 10
Federal Reserve
St Louis
Nov 18
Federal Reserve Bank St Louis
3,500.
050. Nov 17
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
!I
\
•
cow111,Mo.
First National Bank in Cowgilll
banlT
Member
1:mbdr or Nonmember
(Caldwell County)
CURRENCY AND COIN RECEIPTS FROY OUT OF MTN BANKS DURING YONTE OF NOVE!'eBER,1937
Amount
----CiarreYE11 C71
$ 1000.00
$ 1500.00
1000.00
e
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Data
shipped
11-4-37
11-15-37
11-30-37
Date
received
11-6-37
11-17-37
12-2-37
Bank from which received
Federal Reserve Bank,St.Louis,
Federal Reserve Bank,St/Louis,
Federal Reserve Bank,St. Louis,
•
•
•
Member
Benk,300swOr
kNaTe and locatTRI of bank
Mcnbul- or Nonmember
(Carroll County)
CURRENCY AND COIN RECEIPTS FROM OUT OF TOTN BANKS DURING MONTH OF NOVEYBER,1937
Amount
Curren;y
7
1
_I C-Orn--L
-
Date
shipped
, 21 000.00
Bank from which received
11-16-37
11-17-37
4:500.00
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Date
received
Federal Reserve Bank,St.Louis,Mo,
11-18-37
Federal Reserve Bank,St.Louis,Mo.
Federal Reserve Bank,St.Louis,klo.
11-17-37 11-18-37
•
•
Fl r t Nat i ma 1 Bank,Ga 11 ti n,Mo•
(Nave and location67 b anicT
(Daviess County)
CUR:ZENO' AND COIN RECEIPTS FROY OUT OF TOWN BANKS DUR
Amount
CiarrITTOin .
--1
Date
shipped
Date
received
Member
Bank from which received
2500
11-2-37
11-4-37
Federal Reserve Bank,St.4Duis,Mo•
4000
11-8-37
11-10-37
Fedexal Reserve Bank,St.Louis,litio.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
•
•
Trenton National Bank
Trenton, Missouri
Member
kNare and location of bank)
Member or TaTi.lembor
(Grundy County)
CURRENCY AND COIN RECEIPTS FRU- OUT OF MTN BANKS DURING MONTH OF NOVEYBER,1937
Amount
Curren:.
I
YIT-1'-61/17-1.
$500.00
$3000.00
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Date
shipped
Date
received -1-
Bank from which received
11-15-37
11-16-37
Federal Reserve Bank, St. Louis, Mo.
11-27-37'1
11-29-37)-1
Federal Reserve Bank, St. Louis, Mo.
•
•
__Fir at.. National_gaillr„B e than
Member
1DD
TLImber or Nonhiembr
ki\Tal-re and idcion of bank
(Harrison County)
1
CURRENCY .11:'7 ) COIN RECEIPTS FROlr OUT OF TOTN BANKS DURING YONTII OF NOVEY-BER,1937
Amount ._....._ __ I
- - i Coin
CiarrenrTy ----100
1000
2000
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Date
shipped
11- 8
11-15
11-15
Date
received
11- 9
11-16
11-16
Bank from which received
Federal Reserve Bank
Ti
ft
IT
t1
•
•
Luaow rational Bank L L
k.Naare and loot,
L,Imbor or gonmember
(Livingston Co
CURRENCY AND COIN RECEIPTS FROY OUT OF TOWN BANKS DURING MONTH OF NOVEYBER,1937
Amount
Currency
T oTi
Date
shipped_l
Date
received
Bank from -which received
1,500.00
11/1/37
11/3/37
Federal Reserve Bank, St. Louis
1000.00
11/4/37
11/6/37
do
1,000.00
11/8/37
11 10/37
/
do
11/16/37
11/18/38
do
1,000.00
.1,
*_ (Lit
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
250.00
•
....2§unwp_pank of 1Dolo. polo, Lo.Pag_aalar_
p
Veue and loo ation of bank)
Kambur or lnnembor
(Caldwell County)
CURRENCY. 12A COIN RECEIPTS FRU. OUT OF MTN BANKS DURING YONTH OF NOVLI'BER,1937
Amount
Date
shipped
11-_yT6Tt
3000.00
11 3
/ /37
1000.00 11/19 3
/ 7
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Date
received
Bank from which received
/ /37
11 4
Fed, ral ..eserve Bank Lansas City
-
11/20/37
Federal Reserve Bank Kansas City
41,"„‘
,
‘
•
FAIT:L•ens_
Flank
kNawp cold location pf bank
zip,Aguri
EQ1anein
Eomber or Nonnembor
Carroll County)
CURRENCY AND COIN RECEIPTS FROM OUT OF TGrN BANKS DURING MONTH OF NOVEIrBER,1937
Amount
Currenv
Date
rcom
Date
received
500,
Nov 6
Nov 10
1500.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1
I
Nov 5
$1500.
1000,
shipped
Nov 12
Nov 22
Nov 23
.
Bank from which received
National Stock Yards Nat'l Rank
National Stock Yardss Illinois
ti
I
Citizens Bank of Norborne, Norborna, Missouri
Nonmember
1o at7E—Of bank)
Ecnbor or 7M7inambor
(Carroll County)
CURRENCY AND COIN RECEIPTS FROY OUT OF TOTN BANKS DURING YONTH OF NOVEYBER,1937
Amount
Currenoy 1 0oin
--- -
j
Date
shipped
Date
received
Bank from which recoived
Y101010//#110//
4,000.00
Nov 3 1938
Commerce Trust Co KC Mo
2,000.00
250.00
Nov 9
Commerce Trust Co KC Mo
3,000.00
300.00
Nov 23
Comarce Trust Co KC Eo
9,000.00
550.00
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
1-ve
Venal=
Missoizri
1:mber or Nonnemb3r
!
OTall- e and location of bank
(Carroll County
CURRENCY ATE, COIN RECEIPTS FROM OUT OF TOWN BANKS DURING MONTH OF NOVEYBER,1937
Solount
Currency I Coin
2000.00
2000.00
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Date
shipped
Date
received
Nov.7
Nov. 8th.
"
18
"
19th.
Bank from which received
Natl Stock y ards Natl Bk,
xeZ
Member or NonmeWEFF
ation
ess Co
CURR,NCY AND COIN RECEIPTS FROM OUT OF
Amount
alrremy
ate
shipped
Date
received
/7--
0
/cal .
c_)
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
TOWN
BANKS DURING MONTH OF NOVEFBER,1937
Bank from which received
_,A
d2 4
4
/
cre-1.0-64A-4,9
•
•
Nonmember
Bank of Gallatin, Gallatin, Ho:
--.11faiiTe- and location of bank)
Member or Nonmember
(Daviess County)
CURRENCY AND COIN RECEIPTS FROM OUT OF TOWN BANKS DURING MONTH OF NOVEYBER,1937
Arount._
Currency I Coin
U,700
2,000
700
$400
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
300
I
Date
shipped
11/2/37
10/37
8 3
11/ / 7
Date
received
11 3
/ /3U
11/9/37
11/ /
9 37
Bank from which received
Tootic-Le:::: It. Bank, Ot. Joscril, Me.
ff
Non member
OTalre tvid location of bank
!:::.mbor or Nonmember
(Daviess County)
CURRENCY AND COIN RECEIPTS FROM OUT OF MTN BANKS DURING MONTH OF NOVITBER,1937
Amount
Currency T
2500.
3000.
I
Coin- 1
Date
shippod
Date
received
'Rank from which roccivcd
11.7i
500.
4000.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/4
11 12
/
11/13
II
11/19
11 0
/2
“
First Natl
Bank St. Joseph MO
•
Cook & Vencill Bank,
Galt, Mo.
.LIOflLiember
iin of bank)
Yomber or Nonnembor
(Grundy County)
CUREITCY AND COIN RECEIPTS FROM OUT OF TOWN BANKS DURING MONTH OF NOVEY3ER,1937
Amount
Currenv 1 Coin
;)1500.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Date
shipped
—Date
received
Nov.l2th liov. 13th
Bank from which received
Inter-State 1\;at. Ilank K
-
C.
•
TR F/ITON TRUST C0.7.PANY, TRITON, O.
NO.
TrICTLCY 73:21-71007. on • o rbank)
Mcmber or Tonn.ember
(Grtuidy County)
CURRENCY AND COIN RECEIPTS FROY OUT OF TUT BANKS DURING YONTH OF NOVEVBER,1937
Amount
Currene,T
$4,000.
Com
k'.%3_, ON.
Date
shipped
21/4 37
/
Date
received
1/5/37
Bank from which rcoL:ivcd
Commerce Trust Company, K. C.
0.
000.
/
11/14 37
11/3 5/37
01,1,11111illflfl111111,111flflIIIIIIMWIntIttnulf11
3 oc,o.00
11/26 37
/
11/27/
37
11111111111111111,1111111,11111111“ulluuum111111111
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
13ethany Trust Company, Bethany, Mo.
non-member,
Nare a7.id location of banlET—
Eombor or Nonnembor
(Harrison County)
CURRENCY ATAD COIN RECEIPTS FROM OUT OF MTN BANKS DURING MONTH OF NO1TEY-BER,1937
Amount
1
Date
Currenv_T--- .Th—I shipped
Cro
.
none received.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Date
received
Bank from which received
The First State Bank,New Hampton,110.
Non-Member
(Noire aid location of banliT
-Member or -ITYE3Hiber
(Harrison County)
CURRENCY AND COIN RECEIPTS FROY OUT OF MTN BANKS DURING MONTH OF NOVEYBER,1937
Amount
2500.00
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Date
shippod_j
Date
received
Bank from which rocoivcd
Tootle-Lacy National Bank,
St.Joseph,Mo.
Asst Cashier.
Farmers Bank of Blairstown, Blairstown, Mo.
Nonmember
kigare and location of bank)
Ember or Nonmember
.(Henry County)
CURRENCY AND COIN RECEIPTS FROY OUT OF TOTN BANKS DURING MONTH OF NOVEYBER,1937
Amount__
Currency' Coin
Date
shipped
Date
received
4200.00 Nov. 23'37 Nov. 24'37
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Bank from which received
Int€r-State Natl. Bank
Kansas City, Mo.
40 Nember of Mo
411
State Bank of Brownington, Brownington, Mo.
B.Asso.
Non Member Fed R Bank
Amer B.Asso.
Monter or No nuorab,3r
1Na:re and location of bank)
(Henry County)
CURRENCY AND COIN RECEIPTS FROY OUT OF TOTN BANKS DURING MONTH OF NOVEYBER,1937
Amount
...
I C671
Currency
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Date
shipped
Date
received
None
Bank from which received
•
nank of trih, MAc'1,
_
Nan'e and location of bank)
1.1crmbor or MirTinember
(Henry County)
CURRENCY AND COIN RECEIPTS FROM OUT OF MTN BANKS DURING MONTH OF NOVEMBER,1937
•••
Amount
j
Currency T— -717 7—
C-O 1
-
Date
shipped
Date
rccoivcd
11-7-37
11-8-37
Bank from which received
#0#
1,000.
Commerce Trust Company
thru Federal Reserve, K. C.
1 200.
:
11-15
11-10
Interstate National K. C.
thru Federal Rrserve K. C.
1 200.
:
11-22
11-275
First Eational K. C. thru
Federal Rrserve , K. C.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Bank of Holden Holdun Abp.
AwnwamAmm______
kNaare and :Location of bank)
Lombe-r• or Nonmember
(Johnson County)
CURRENCY AND COIN RECEIPTS FROT OUT OF MTN BANKS DURING YONTII OF NOVEY3ER,1937
Amount
I
Currency I CoTfl
1,1;'111
Date
shipped
Date
received
Bank from which received
11 IA14111111
30e0.00
1000.00
2500.00
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11,32,36
11,10 .1
11,26 „q
Commerce Trust Co
I
I
P
it
Assistant nasAlei
____FarMerELA_CaraerciAl ?Pr
•
OTare and ioefttion of bank
Mambor or Nornienibor
(Johnson County)
CURRENCY ./LND COIN RECEIPTS FROM OUT OF MTN BANKS DURING MONTH OF NOVEMBER,1937
Amount
------Currency
Coin
T
$3500,00
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Date
shipped
Nov,I5th
Date
received
Nov,I6th
Bank from which received
First National BankILC,110.
•
.11
Bank of Leeton, Leeton, Lo.,
kiCane and location of bank)
(Johnson County)
CURRE1TCY AND COIN RECEIPTS FROY OUT OF TarN BANKS DURING MONTH OF NOVErBER,1937
Amount
700.00
700.00
700.00
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
I
300.00
300.00
Date
shipedCurnyJ
11-2:Ft
,
11-8 m37
11-29-37
Date
received
11-.9-37
11-30-37
Bank from which received
Tier-litate D ati nank, Transast
Inter-State Natl Bank Kansas City
Traders Gate City Natl Bank," "
Cashier
AllatA/
//'
1
4],m4i1J3Q4ak,..La4ayette County 2 •-•.,- n..la , 1..0 •
nonmember
k Naar° and location of bank)
lbanber-Or - merabor
177
(Lafayette County)
CURRENCY AND COIN RECEIPTS FROM OUT OF TOTN BANKS DURING MONTH OF NOVITBER,1937
Amount
Currency_I ZWEY-_
300.00
500.00
c?500.00
500.00
Date
shipped
200.00 Uov.
Nov.
llov.
Llov.
Date
received
7
Eov. 8
Eov. 9
8
23 llov. 24
25 liov. 26
Bank from which received
Federal Reserve Bk. Kansas City,Lio.
DO.
DO.
DO.
Money is ordered from ColAllerce Trust Co. Kansas City, Yo.
deceived from Federal Reserve Bank. Kansas City, Mo.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Ooncoraia, lassouri
Nonmember
kNa:ne and locationof bank)
mbur or Irmember
(Lafayette County)
CURRENCY AND COIN RECEIPTS FROY OUT OF TOWN BANKS DURING MONTH OF NOVT.TBER,1937
Arount
J
- :
77177en7 Ty71:—ITOET--
None
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
None
Date
shipped
I
I
Date
received
Bank from which received
•
Bank of Higinsville, HiEginsville_, Missouri
(Name and location of bank)
CURRENCAgamMeR.Q61
5
1
Nom-Member
—
Ember or 177
membor
FROM OUT OF TOTN BANKS DURING MONTH OF NOT1 BER,1937
,
••••••••
Amount
CiIrriiTCYT
42000.00
2000.00
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Date
shipped
50.00
11-12-37
11-23-37
Date
received
11-13-37
11-21-37
Bank from which received
Federal Reserve Bank, Kansas City, Mo.
Federal Reserve Bank, Kansas City, Mo.
Above ordered thraugh Union National Bank, Kansas City, Mo.
Commprcial Bank of Lexington tMo.
V,alre und location of bank)
Embca. or Nonmember
(Lafayette County)
CURRENCY. AND COIN RECEIPTS FROY OUT OF MTN BANKS DURING MONTH OF NOVEYBER,1937
Amount
Currencyj Coin
$600.00
I
Date
shipped
Date
received
Nov.12.
Bank from which received
Commerce Trust Co.
Kansas City,Mo.
$34,000.00 in currency shipped out during the month of
November, to the Commerce Trust Co.,Kansas City.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
Lexington
Savings
Trust Company,Lexington,
Nonmember
Member or Nonmember
kNaire cud location of bank)
(Lafayette County)
CURRE:TCY AND COIN RECEIPTS FROM OUT OF TOTN BANKS DURING MONTH OF NOVEF3ER,1937
Amount
Currency
1000.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Coin
Date
shipped
Date
received
200.
11-26-37
11-27-37
I
Bank from which received
Federal ReserVe Bank
Zansas City, Missouri.
•
7(Z14/
kNare an - ,ocat]on of ban27
--
a
‘i/-1,19-frce,t,w6..e.4.
Ember orTATITT6mbor
(Lafayette County)
CUFREr.C7 LH) COIN RECEIPTS FROY OUT OF MTN BANKS DURING YON= OF NOVEYBER,1937
Amount
Currenv:i Coin
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
L
Date
shipped
Date
received
Bank from which received
/941,4.
/r/te- •
,
741
v-//
1144/--1344? iCrizt, 4(-24
?rpy,,
,
e-4
vq444
•
•
//
4
0
Wellington Bank, Wellington missoari
/(
(
embe
Eon fr or Nonmerabor
kName and location of bank)
(Lafayette County)
CURRENCY AND COIN RECEIPTS FROY OUT OF TOTN BANKS DURING MONTH OF NOVEYBER,1937
Amount
Currency' Coin
4000.00
Date
shipped
11 8
/ /37
400.00 11/8/37
$1000.00
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11
/15/37
Date
received
11/9 37
/
11/9/37
11 16/37
/
Bank from which received
Ordered from Commerce Trust co.
shipped,by Federal Reserve Bank
Kansas City, mo.
Same
Same
•
garmers_State_aank, Fria.
Nonmen:ther
location o bank)
Member or Nonmember
(Mercer County)
CURRENCY AND COIN RECEIPTS FROY OUT OF TOWN BANKS DURING MOTE OF NOVEYBER,1937
Amount
Currenoy
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
c6m--
Date
shipped
Date
received
11---37
11-10-37
Bank from which roccived
;Vecieral Reserve Bank, Ka.isas
(Ordered fro- Corwaerce Trust
Com:pariy, Kansas City, Mo.)
..x..zinaatolat2„qe 3ank
i.r'neQten
kName aud .Location of bank
E=bur or lonmembor
(Mercer County)
CURRENCY. AND COIN RECEIPTS FROM OUT OF MTN BANKS DURING MONTH OF NOVEMBER,1937
Arount
Date
Currency IThL shipped
„31500.00
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Nov,24
Date
received
Nov. 26,1j37
Bank from which received
Federal Reserve Bank .',ansas City Mo.
•
"
iivsp.N.46„ms,....wpoN? MISSOURI
_Num=
r
n:x.bur or Nonmember
k.N.are and locatlon of bank)
(Ray County)
CURRENCY AND COIN RECEIPTS FROY OUT OF MTN BANKS DURING YONTE OF NOVEYBER,1937
Amount
Currency -r Coln
Date
shipped
Tate
received
1000
11-8- 37
11-9- 37
1000
11-12-37
11-13-37
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Bank from which recoivcd
Union Natl. Kansas City, thrtuFed. Res.
xansas city
*
*
N
N
N
•
.
r
Citizens Excbv
A
A
11,61,
-- ivra7e 'dTtcTon of ban17
kit':77717. cr or Nonnembor
(Ray County)
CURRENCY AND COIN RECEIPTS FROY OUT OF TOWN BANKS DURING YONTI: OF NOVEMBER,1937
Amount
enTTIn
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
0
Date
shipped
0
Date
received
0
Bank from which recoivod
•
,
,
Banking House of J. S. Hughes & Co. Richmond / Missouri
Non—member
Embor or Nonmember
Nare and location of bank)
(Ray County)
CURRENCY AND COIN RECEIPTS FRU' OUT OF TurN BANKS DURING YONTH OF NOVY3ER,1937
Amount
Currency
71-7
5000.00
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Coin
Date
shipped
Nov.
3
Date
received
Nov. 3
Bank from which received
City Natl. Bk. & Tr. Co. KC. Fed. Res. KC.
" Trenton, Missouri
0
Member
Trenton National Bank 41
Member or nonmember
(amG and location of bank)
(Grundy County)
ANALYSIS 02 CASii .1„.11TTL.RS FORARDED FOR COLLECTION DURING YONTH OF NOVEMBER, 1937
Cash letters forwarded to
Other
CorresponF.R.Bank Correspondent banks in corl.espondent banks in
of
dents
Kansas City
St. Louis
St. Louis
1. Total amount of cash letters
16,236.07
2. Time of departure of train on
whicti cash letters arc usually
dispatched
3.
4.
cash letters usually
arrive at destination
32,688.68
141,486.09
69,346.64
8:30 p.m.
MOD 4.01.
TiMG
next a.m.
Amo7Ant of items payable in Tenth District:
G
43,199.6A
Kansas City, Yo.
6,147.00
State of Kansas
1,000.00
Denver, Colo.
Colorado (All other) 2,500.00
20000.00
Tulsa, Okla.
1,000.00
Muskogee, Okla.
Oklahoma (All other)(a) 3,000.00
Elswehere in 10th Dist.
Eighth District:
1,000.00
Arkansas
1,774.77
Illinois (b)
400.00
Louisville, Ky.
Kentucky (All other) (b) 850.00
Missouri:
85,680.11
13 petitioning counties
30,502.26
All other (b)
750.00
Tennessee, except city of
Memphis (b)
58,393.68
Elsowhero in 8th Dist.
Other Districts:
900.00
Da11aST7e7as
400.00
Idaho
1500.00
Minnesota
100.00
North Dakota
Oklahoma (c)
San Francisco, Calif. 1,000.00
Seattle, Viash,
South Dakota
Spokane, l'iash.
Utah, except Salt Lake City 200.00
Insconsin
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (e)
150.00
Ohl()
100.00
Nashville, Tenn.
150.00
Tennessee (all othLr) (f)
Richmond, Va.
All other
1(060-.00
0
Total (should agree with Item No.1)
(a) Located in Tonth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1:e-tx.0
,
7161,1s1.1
259,757.48
(d) Located in Seventh District
(e) Located in Fourth District
(0 Located in Si7.th District
73 4,/i
v
k Cowgill, Cow ill, Mo
First National Baiali
110
Lama and location of bank
idemilar
Mombor or nonmember
(Caldwell County)
ANALYSIS 07 CASH LF,TTERS FORWARDED FOR COLLECTION DURING MONTH OF NOVEMBER,
1937
Cash letters forwarded to - Other
CorresponF.R.Bank Corresponcorrespondent banks in dent banks in
of
dents
Kansas City
St. Louis
St. Louis
1. Total amount of cash lottors
2. Time of departure of train on
which cash letters are usually
dispatched
3.
Time cash letters usually
arrive at destination
L.
Amount of items payable in Tenth District:_
Kansas City, 1!.o.
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla.
Muskogoe, Okla.
Oklahoma (All other)(a)
Elmohere in 10th Dist.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsewhere in 8th Dist.
$32,639.94
7:22 P.M.
do not know
$11, 846.40
104.22
5.94
2,611.13
75.00
37.62
8,562.37
7,163.09
Other Districts:
Dallas, ra'as
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, l',ash.
South Dakota
Spokane, Y:ash.
Utah, except Salt Lake City
Vdsconsin
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (e)
Ohio
Nashville, Tenn.
Tennessee (all oblar) (f)
Richmond, Va.
All other
Total (should agree with Itcm No.1)
(a) Located in Tcnth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
32,639.94
(d) Located in Seventh District. (0) Located in Fourth District
(0 Located in Sixth District
•
/
BRAYMER MISSOURI
FIRST NATIONAL BANK
(Tiarac and location of bank)
(Caldwell County)
MEMBER
Member or nonmember
ANALfSIS OF CASH LETTERS FORWARDED FOR COLLECTION DURING YONTH OF NOVEMBER,
1937
Cash letters forwarded to CorresponF.R.Bank Correspondent banks in dent banks in cor=nof
dents
Kansas City
St. Louis
St. Louis
1. TotL.1 amount of cash letters
$97,052.88
0,298.51
4:16 P M and 8:58 P141
2. Time of departure of train on
which cash letters are usually mail closes for departure at 6:oo
dispatched
3.
L.
cash letters usually
arrive at destination
Time
Amonnt of items payable in Tenth District:
Kansas City, No.
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla.
Muskogee, Okla.
Oklahoma (All other)(a)
Eluwehere in 10th Dist.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city oi
Memphis (b)
Elsewhere in 8th Dist.
OMAN.
The following day
36,462.39
1,593.93
120.
250.
135.
866.30
10,971.48
10.
127.88
10,308.68
31,150.55 --(1,347 items on Caldwell and
(adjoining counties)
Other Districts:
DallasT-Texas
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, Nash.
South Dakota
Spokane, Nash.
Utah, except Salt Lake City
Wisconsin
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (e)
Ohio
Nashville, Tenn.
Tennessee (all other) (f)
Richmond, Va.
148.50
29.19
108.13
276.50
7,792.86
____
Total (should r.,:roc with Item No.1)100 1 351.39
All other
(a) Located in Tc nth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(d) Located in Seventh District
(e) Located in Fourth District
(f) Located in Sixth District
Me
.ame and ()cation el bank)
(Daviess County)
ANALYSIS OF CASH LY:TTERS FORWARDED FOR COLLECTION DURING YON'
1. Total amount of cash letters
.
Q
ember
NOVEMBER,
1937
Cash letters forwarded to CorresponF.R.Bank Correspono
dent banks in dent banks in cor=rn
of
dents
Kans s Cit
St. Louis
St. Louis
__
trst4, 138,478.76
Time of departure of train on
which cash letters are usually
dispatched
3. Time cash letters usually
arrive at destination
L.
er
6.53 P.M.
••• Ole
11.00
Amount of items payable in
Tenth District:
Kansas City, Mo.
State of Kansas
Denver, Colo.
Colorado (All oth:A.)
Tulsa, Okla.
Muskogo0, Okla.
Oklahoma (All othor)(a)
Elswehore in 10th Dist.
32,752.86
4,082.28
25.00
317.10
u6.16
0.00
464.52
493.94
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsowhere in 8th Dist.
0.00
68.83
0.00
0.00
19,363.46
17,134.05
0.00
0.00
Other Districts:
50.00
0.00
320.53
0.J0
0.00
6.00
80.00
0.00
0.00
50.00
5.00
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, If'.ash.
South Dakota
Spokane, Wash.
Utah, 'except Salt Lake City
Wisconsin
34.54
0.00
0.00
0.00
547.44
0.00
0.00
0.00
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (0)
Ohio
Nashville, Tenn.
Tonnessee (all othr) (f)
Richmond, Va.
All other
62,597.05
138,478.76
Total (should agree with Item No.1)
(a) Located in Tonth District
Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(d) Located
(0) Located
(f) Located
in Seventh District
in Fourth District
in Sixth District
fudlow National Bank, Lu
am
Member
Eisso
Member or nonmember
(Livingston Co
ANALYSIS OF CASH L7_1TTERS FORWARDED FOR COLLECTION DURING YONTH OF NOVEYBIM,
1. Total amount of cash letters
Cash letters forwarded to Other
CorresponF.R.Bank Corrospondent banks in correspondent banks in
of
walye,Q.ihe,
Kansas City
St. Louis
St. Louis
ir
13,486.74
18,725.33
None
None
2. Time of departure of train on
which cash letters are usually
dispatched about
3.
1937
7:45 P.M.
Time cash letters usually
arrive at destination about
L. Ilmo-Ant of items payable in Tenth District:
Kansas City, No.
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla.
Muskogee, Okla.
Oklahoma (All other)(a)
Eluwehero in 10th Dist.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsewhere in 8th Dist.
Other Districts:
...71
Da11as 17Es
Idaho
Minnesota
North Dakott.
Oklahoma (c)
San Francisco, Calif.
Seattle, ..ash.
South Dakota
Spokane, 1:ash.
Utah, except Salt Lake City
Msconsin
On United States Tre-surer
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (e)
Ohio
Nashville, Tenn.
Tennessee (all oth r)
8:00 L.I.I.
11,699.91
8:15 P.M.
5,058.84
70.58
197.52
1,560.11
1,020.06
55.82
283.70
3,784.20
608.15
5,612.64
231.47
419.47
932.21
455.97
221.42
18,725.33
13,486.74
Richmond, Vv.
All other
Total (should agree with Item No.1)
(a) Located in Tcnth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(d) Located in Seventh District
(e) Located in Fourth District
(0 Located in Si7:th District
•
,
.i.r.S.t....Katiortp.LJEtailk_, Bethany._
g'ame and location or ban_
(Harrison County)
ANAL ISIS OF CASH L'riTTLRS FORWARDED FOR COLILCTION DURING
Cala letters forwarded to Other
Correspon7F.R.Bank Correspondent banks in corrospondent banks in
of
dents
Kansas City
St. Louis
St. Louis
42,678.87
1. Total amount of cash lottcrs
.
9
3.
Time of departure of train on
which cash letters arc usually
dispatched
Time cash lettors usually
arrive at destination
6:22 P. M.
52,430.29
••••••1
Do not know
Lt. AAolInt of items payable in Tenth District:
--Kansas City, 1!,o.
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla.
Yuskogce, Okla.
Oklahoma (All other)(a)
Elmehere in 10th Dist.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
15 petitioning counties
All other (b)
Tennessee, except city of
Yemphis (b)
Elsewhere in 8th Dist.
Other Districts:
DallaTraas
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, '.ash.
South Dakota
Spokane, Viash.
Utah, except Salt Lake City
Wisconsin
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (c)
Ohio
Nashville, Tenn.
cth(.r)
Tennessee
Richmond, Va.
All other
Total (should agree with Item No.1)
(a) Located in Tonth District
(b) Located. in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
59,050.32
t
21,682.23
14.85
40,505.94
29,708.96
1E,799.14
323.23
76.16
37.34
12.20
3.00
42,996.43
154,159.48
(d) Located in Seventh District
(0) Located in,Fourth District
(f) Located in Sixth District
I.
•
Member
rt NE -q one 1 Be rdc,...ma521,ILIaL
Member or nonmember
TI-amo and location of ban_
(Carroll County)
P.TTERS FORURDED FOR COLLECTION DURING YONTH OF NOVEYB3R, 1937
ANALYSIS OF CASH L.
Cash letters forwarded to Other -CorresponF.R.Bank Corrosponcorrespondent banks in dent banks in
of
-dents
Kansas City
St. Louis
St. Louis
1. Total amount of cash letters
None
None
4I,7I5.23
620.09
2. Time of departure of train on
which cash letters are usually
dispatched
7;30 P.M.
•••
3. TIME, cash letters usually
arrive at destination
9;30 P.L.
I•I•1
4. Amount of items payable in Tenth District:
Kansas City, Yo.
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla,
Muskogee, Okla.
Oklahoma (All other)(a)
Elgwehere in 10th Dist.
SeventyrFivle per cent of our Checks
pryable in 10th, Fed Res Bk.Dist.
.
approx.I0 per cent pe ye ble in Chi cego,
others scettereci.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsewhere in 8th Dist.
Other Districts:
Dallas7
-117;EF
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, Vi'ash.
South Dakota
Spokane, 'ash.
Utah, except Salt Lake City
Vdsconsin
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago
Kentucky (c)
Ohio
Nashville, Tonn.
TJnnossoo (all othL.r) (f)
Richmond, Va.
All other
Total (should ag:rec with Item No.1)
(a) Located in Tcnth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(d) Located in Seventh District
(e) Located in Fourth District
(f) Located in Sixth District
eeton Mo.
Bank of Leeto
nonme
Member em-—(iame and location of bank)
(Johnson County)
ANALYSIS OF CASH LETTERS FORWARDED FOR COLLECTION DURING YONTH OF NOVEMBER, 1937
Cash letters forwarded to Other -CorresponF.R.Bank Corresponin correspondent banks in dent banks
of
dents
Kansas City
St. Louis
St. Louis
. 1. Total amount of cash letters
49,000.00
2. Time of departure of train on
which cash letters are usually
dispatched
3:15 P.M.
3. Time cash letters usually
same day
arrive at do-stination
L.
Amount of items payable in
Tenth District:
Kansas City, No.
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla. •
Muskoge, Okla.
Oklahoma (All other)(a)
Elswoherc in 10th Dist.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsowhero in 8th Dist.,
31,532.00
-8
92 -items
/ 7,41
Other Districts:
Dallmi7 17Tas
Idaho
Minrcsota
Nerth Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, V.ash.
South Dakota
Spokane, Wash.
Utah, except Salt Lake City
Wisconsin
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (c)
Ohio Nashville, Toxin.
Tennessee (all othr) (f)
Richmond, Va.
All other mainly in 8 th Diet
Total (should agree with Item No.1)
(a) Located in Tonth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
, , (,
'fete
-•
e
7,4/6.1 ,
2h,
(d) Located in Seventh Ditrict
(e) Located in Fourth District
(0 Located in Siy_th District
1-(),
tfet
.
..-u4
•
Member or nonmember
—TEame and location of bank)
(Caldwell County)
ANALYSIS OF CASH LETTERS FORWARDED FOR COLLECTION DURING FONTH OF NOVEMBER, 1937
Cash letters forwarded to Other
CorresponF.R.Bank Corresponcorrespondent banks in dent banks in
of
dents
Kansas City
St. Louis
St. Louis
73 6 2 7.-14
1. Total amount of cash letters
2. Time of departure of train on
which cash letters are usually
dispatched
3.
LI.
'
,PM,
7
IMM.
6: 3 o
Time cash lettors usually
arrive at destination
Amount of items payable in Tenth District:
Kansas City, No.
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla.
Muskogee, Okla.
Oklahoma (All other)(a)
Elmehere in 10th Dist.
PM,
•••
1/
/ 37 G 1 1
^
/g 16 g 3
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 potitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsowhoro in 8th Dist.
2-/i 29 g t f3
dAA/H4
•S`q 6
i 42 -fr _ "
Other Districts:
DallasTraas
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, Y'ash.
South Dakota
Spokane, l'ash.
Utah, except Salt Lake City
Wisconsin
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (c)
Ohio
Nashville, Tonn.
Tennossee (all oth,r)
Richmond, Va.
All other
-^
Total (should cu.:rec with Item No.1)
(a) Located in Tonth District
(b) Located. in Eighth district
(c) Located in Eleventh DistriCt
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
75 62-7 1-1"9(d) Located in Seventh District
(0) Located in Fourth District
(0 Located in Sixth District
Farmers
_,
& Merchants qnX of Hale,M0
TTame and location of bank)
...an—
14,
---.'04 ''
Mcmbor
or nonmember
1Carroll Count„0
ANALYSIS OF CASH Lla".L,HS FORWARDED FOP. COLLECTION DURING
ONTH OF NOVENER, 1937
Cash letters forwarded to Other
CorresponF.R.Bank Corresponcorrespondent banks in dent banks in
of
dents
Kansas City
St. Louis
St. Louis
1. Total amount of cash letters
$19,496.41
$13,229-.08
$3,048.53
2. Time of departure of train on
which cash letters are usually
dispatched
3;46 P.M.
3:46 P.M.
3;46 P.M.
3.
Time cash letters usually
arrive at destination
7:00 A.M.
7:45 P.M.
4:30 P.M.
4.
Amount of items payable in Tenth District:
Kansas City, Yo.
State of Kansas
Penver, Colo.
Colorado (All other)
Tulsa, Okla.
Muskogee, Okla.
Oklahoma (All other)(a)
Elswehere in 10th Dist.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsewhere in 8th Dist.
Other Districts:
Dallas, faas
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, V.ash,
South Dakota
Spokane, 1- ash.
Utah, except Salt Lake City
Wisconsin
(next day)
$5,864.28
12.00
57.09
306.00
$71871.25
136.50
1336.33
924.23
3,950.71
4,051.46
1228.38
1138.34
960.91
3,048.53
'
-1 57.09
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (e)
Ohio
Nashville, Tenn.
Tennossee (all otik.r)
Pichrftond,
All other
Total (should agro6 with Item No.1)
(a) Located in Tonth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4273.55
19,496.41
557.37
$13,229.08
(d) Located in Seventh District
(0) Located in Fourth District
(0 Located in Sixth District
$3048.53
a
l
<f r
)
/L
Non-member
Member or nonmember
Citizens Bank of
-1
4trr.17 14WatW'P all4RSg*
(Carroll County)
ANACSIS OF CASH LI1TTERS FORWARDED FOR COLLECTION DURING FONTH OF NOVEMBER,
1937
Cash letters forwarded to Other
CorresponF.R.Bank Corrospondent banks in dent banks in corresponof
dents
Kansas City
Sc. Louis
St. Louis
1. Total amount of cash letters
none
19,824.00
2. Time of departure of train on
which cash letters are usually
dispatched
8:10 pm
3.
Time cash lettors usually
arrive at destination
about
5.00 am
next day
L.
Amount of items payable in Tenth District:
Kansas City, Mo.
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla.
Muskogee, Okla.
Oklahoma (All other)(a)
Elswehorc in 10th Dist.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsowhoro in 8th Dist.
76,788.00
none
2:30pm &
8:10PM
about
4:30pm same day__
& 6:00 next day
. 24,000.00
3,612.00
60,000.00
1f-7-
3,000 00
Other Districts:
1exas
-7
Dal1
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, Vi'ash.
South Dakota
Spokane, Wash.
Utah, except Salt Lake City
Wisconsin
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (c)
Ohio .
Nashville, Tenn.
T3nnossee (all othc,r)
Richmond, Va.
All other
P
-1‘
$6.000.00
Total (should ris_:roc with Item No.1)
(a) Located in Tonth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(d) Located in Seventh District
(e) Located in Fourth District
(f) Located in Sixth District
d loc
Jp
n/bf bank
Member or nonmember
iess
tY)
ANALYSIS OF CASH LETTERS FORWARDED FOR COLLECTION DURING YONTH OF NOVEMBER,
1937
Cash letters forwarded to Other
CorresponF.R.Bank Correspondent banks in dent banks in corrcsponof
dents
Kansas City
St. Louis
St. Louis
71
1. Total allount of cash letters
2. Time of departure of train on
which cash letters are usually
dispatched
3.
L.
sciD2,,y1
cash letters usually
arrive at destination
TiMG
Q5
Amovtnt of items payable in Tenth District:
Ar
Kansas City, Yo.
State of Kansas
Denver, Colo. --2-=-0----7-. -._
Colorado• (All other) ,
Tulsa, Okla.-7- 4.
-Muskogee, Okla. 7
Oklahoma (All other)(a)
Elswehere in 10th
0
0
4 °=
1
/-
Eighth District:
Arkansas
Illinois
----"
Louisville, ky.-Kentucky (J111 other)
Missouri:
13 petitioning countios
All other (b)(347/.37)0
Tennessee, except city
Memphis
Elsowhoro in 8th Dist.
,;1-776
7-7. 6 4
.5-
f
Other Districts:
E
7571717.- TTaas
Idaho —
Minnesota -----c.--North Dakota
- -"--Oklahoma (c)San Francisco,
Seattle, Wash. South Dakota
Spokane, lhash.
2---Utah, except Salt Lake City'"
Wisconsin
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago
Kentucky (c)
Ohio
--Nashville, Tonn
Torinossoc (all other)
-Richmond, W.
All other
Total (should agree with Itcm No.1)
(a) Located in Tonth District
(h) Located in Eighth District
(c) Located in Eleventh District
-Jr
-Itritg7
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
AC*
4( 11
'
(d) Located
(C)
f
in Sevnth District
Located in Fourth District
Located in Si:1th District
40L
i?,_.-_;277;e: 7
0
70 /407.
- 6
•
Nonmenber
Bpnk _of Gallatin_, Gullctin, Mo.
Member or nonmember
—Mame and location of bank)
•
(Daviess County)
ANALYSIS OF CASH LTTERS FORWARDED FOR COLLECTION DURING YONTH OF NOVEMBER, 1937
Cash letters forwarded to Other
CorresponF.R.Bank Corrospondent banks in dent banks in corrosponof
dents
Kansas City
St. Louis
St. Louis
:A,472.76
1. Total amount of cash letters
(St Joseph)
2. Time of departure of train on
which cash letters are usually
dispatched
6:57
3. Time cash letters usually
p Li
12 A M
arrive at destination
2 _4 M
64M
L. Amount of itoms payable in
Tenth District:
Kansas City, Mo. - -State of Kansas Denver, Colo., -- -Colorado (All other)-_
Tulsa, Okla.
Muskogee, Okla.
Oklahoma (All othcr)(a)
Elmehere in 10th Dist.
^
_
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
ElsoViero in 8th Dist.
Other Districts:
Dallas, exas
Idaho
Minnosota
North DakotL,
Oklahoma (c)
San Francisco, Calif.
Seattle, Iliash.
South Dakota
Spokane, Wash.
Utah, except Salt Lake City
Msconsin
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (e)
Ohio
Nashville, Toxin.
Tonnossee (all other)
Richmond, Va.
••••••
15,925.03
1,336.23
105.25
64.24
18,031.60
6,472.76
• 76.2;)
290.96
20,399.34
3,610.94
116.66
3,428.49
10.44
425.75
312.50
6.10
242.57
9,633.46
All other
Total (should agree with Item No.1)
(a) Located 42. Tonth Distric
(b) Located in Eighth Di(c) Located in Eleve
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•••••••
vs•
74,015.81
4 6,472-7;
Nft) Located in Seventh District
0 Located in Fourth District
(f) Located in Sixth District
'Member or nonmember
oca ion oi
Lame a
(Daviess County)
/
FORWARDED FOR T LECTION DURING lONTH OF NOVEMBER, 1937
AN.LiifbIS OF CAST'
Cash letters forwarded to Other
CorresponF.R.Bank Correspondent banks in dent banks in corresponof
dents
Kansas City
St. Louis
St. Louis
88,856.62 -
1. TotL1 amount of cash letters
2. Time of departure of train on
whic1. cash letters are usually
dispatched
7:
4M11.•
4
29
3. Tine cash letters usually
arrive at destination
L. Amuart of items payable in
Tenth District:
,
Kansas City, Mo.
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla.
Muskogee, Okla.
Oklahoma (All other)(a)
Elswehere in 10th Dist.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsewhere in 8th Dist.
//: 30
i'
P
.00
1.6.138.20
4,199.01
58.61
560.00
14,610.79
8,864.36
2.287.98
2 5.7 72.23
14,373.54
Other Districts:
Daflas7as
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, l',ash.
South Dakota
Spokane,
Utah, except Salt Lake City
Wisconsin
199 1.90
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (e)
Ohio
Nashville, Tenn.
Tonnossee (all othr)
Richmond, Va.
All other
In
)
Total (should agree with Item No.1)
88,856.62*
(a) Located in Tonth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(d) Located in Seventh District
(e) Located in Fourth District
(f) Located in Si7:th District
!1O
Member or nonmember
TREVT07 TRUST 007PAY,
came and location of bank)
•
(Grundy County)
ANALYSIS OF CASH LF.TTLRS FORWARDED FOR COLILCTION DURING YONTH OF NOVEYBER, 1937
Cash, letters forwarded to Other
CorresponF4R.Bank Corresponcorrespondent banks in dent banks in
of
dents
Kansas City
St. Louis
St. Louis
1. Total amount of cash letters
none
2. Time of departure of train on
which cash letters are usually
dispatched
3.
L.
cash letters usually
arrive at destination
Time
Amount of items payable in Tenth District:
Kansas City, Yo.
State of Kansas
Denver, Colo.
Colorado (All other)
. Tulsa, Okla.
Muskogee, Okla.
Oklahoma (All other)(a)
Elswehere in 10th Dist.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsewhere in 8th Dist.
none
95, S7 0.00
8.05 P. 7.
••••••
11,00 P. H.
..111 •••
24,696.00
456.00
.1,94400
,72.po
0
.
0
.
392.
0
.
48.
1,560,
0.
0
.
56,896.
10,006.
o
.
0.
Other Districts:
Dallas, Texas
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, V;ash.
South Dakota
Spokane, Wash.
Utah, except Salt Lake City
Wisconsin
Boston, Mass.
Charlotte, N. C.
Illinois, except Chioago (d)
Kentucky (c)
Ohio
Nashville, Tenn.
Tennessee (all other)
Richmond, Va.
All other
95,870.00
Total (should arce with Item No.1)
(a) Located in Tonth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(d) Located in Soventh District
(e) Located in Fourth District
(f) Located in Sixth District
Bethany Trust Compani/Bethany, Missouri
411
non-member
Member or nonmember
--Lame and location of ban17
(Harrison County)
ANALYSIS OF CASH L7TTLRS FORWARDED FOR COLLICTIOri DURING YONTH OF NOVEMBER, 1937
Cash lettersletters forwarded to 1 -CorrosponF.R.Bank Corrospono
dent banks in dent banks in cor=Prn-!
of
dents
Kansas City
St. Louis
St. Louis
1. Total amount of cash letters
none
2. Time of departure of train on
which cash letters are usually
dispatched
3.
84,610.92
165,964.63
5:55PM
5;55 WA
7;30Am
Time cash lettors usually
arrive at destination
L. Amonnt of items rayable in
none
9;3aLM
ON
Tenth District:
Kansas City, No.
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla.
Muskogee, Okla.
Oklahoma (All•other)(a)
Elmeherc in 10th Dist.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Yemphis (b)
Elsewhere in 8th Dist.
Other Districts:
Dallas7raas
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif
.
.
Seattle, Wash.
South Dakota
Spokane, Wash.
Utah, except Salt Lake City
Wisconsin--
48,250.00
1,493.50
23,014.96
1,077.18
64,555.62
-384.80
5934.27
38,275.62
14,224.47
836.70
Boston, Mass.
Charlotte, N. C.
Illinois, except Chica'fo (d)
Kentucky (c)
Ohio
Nashville, Tonn.
Tennessee (all oth(r)
Richmond, Vv.
All other
Total (should agree with Item No.1)
(a) Located in Tenth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12,410.00
/
40,118.43 4
842 610.921 165,964.63
(d) Located in Seventh District
(e) Located in Fourth District
(f) Located in Sixth District
410
The First State Bank,New Hampton,Mo.
Manic and location of bank)
(Harrison County)
Non-member
Member or nonmember
L
C.1TTERS FORWARDED MR COLI- CTION DURING FONTH OF NOVEMBER,
ANALYSIS OF CASH .
1937
Cash letters forwarded to CorrosponF.R.Bank Corrosponr
dent banks in dent banks in cor=on7
of
dents
City
Kansas
St. Louis
St. Louis
fed.028.1_
1. Total amount of cash letters
2. Time of departure of train on
which cash letters are usually
dispatched
6:20 P.M.
3.
Time cash lettors usually
arrive at destination
About
4.
Amount of items payable in Tenth District:
.
_.
4.000.00
Kansas City, 1.,o.
of Kansas
State
3.550.00
Denver, Colo.
Colorado (All other)
Tulsa, Okla.
Muskogo:-), Okla.
2.890.00
Oklahoma (All othcr)(a)
Elgweherc in 10th Dist. 10.560.00
noon next day
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
I 500.00
•
'
Kentucky (All other) (b)
Missouri:
:10 4CO 00
L
13 petitioning countiosiw • '
All other (b)
Tennessee, except city of
Memphis (b)
Elsowhoro in 8th Dist.
Other Districts:
Dallas7rEias
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Soattic, Vo.ash.
South Dakota
Spokane, l'ash.
Utah, except Salt Lake City
Wisconsin
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (c)
Ohio
Nashville, Toxin.
Tennessee (all othr) (f)
Richmond, Va.
8.078.00
All other
Total (should ci.rec with Item No.1)
(a) Located in Tonth District
(b) Located. in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(d) Located in Seventh District
(0) Located in Fourth District
(0 Located in Sixth District
Farmers Bank _of Blairsto
, Blairstown
Mo.
Plkmmmembgy
Member or nonmember
(Nam and location of bank)
(Henry County)
ANALfSIS OF CASH LETTERS FORWARDED FOR COLLECTION DURING YONTH OF NOVEYBER,
1937
Cash letters forwarded to Other
CorresponF.R.Bank Correspondent banks in correspondent banks in
of
dents
Kansas City
St. Louis
St. Louis
$45,360.48
1. Total amount of cash lotters
2. Time of departure of train on
which cash letters are usually
dispatched
3.
L.
3:30 P. M.
Time cash letters usually
arrive at destination
Amount of items payable in
Tenth District:
Kansas City, No.
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla.
Muskogee, Okla.
Oklahoma (All other)(a)
Elswehoro in 10th Dist.
5:30 P. M.
11,025.02
126 26
1 -57
5 00
1=11111=1
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsowhoro in 8th Dist.
..... mdm.tmwdmmom.
mbOW
Other Districts:
7Dallac 7 Taas
Idaho
Minncsota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, Wash.
South Dakota
Spokane, Wash.
Utah, except Salt Lake City
Wisconsin
8.35
2
33, 48 69
25.00
Boston, Mass.
Charlottc, N. C.
Illinois, except Chicago (d)
Kentucky (c)
Ohio
Nashville, Tenn.
Tennossee (all oth(,r)
Richmond, Va.
All other
Total (should agroo with Item No.1)
(a) Located in Tcnth District
(b) Located in Eishth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
920
5,9
45,360 48
(d) Located in Seventh District
(e) Located in Fourth District
(0 Located in Sixth District
Bank of Urich, Uri
110
n.-zouri.
1- on
Member or nonmember
Tame and loCETIon of bank)
(Henry County)
ANALYSIS OF CASH LETTERS FORWARDED FOR COLLECTION DURING YONTH OF NOVEMBER 1937
ash letters forwarded to Other
CorresponF.R.Bank Corresponcorrespondent banks in dent banks in
of
dents
Kansas City
St. Louis
St. Louis
1. Total amount of cash letters
25,850.42
P. Time of departure of train on
which cash letters are usually
dispatched
9:20
3.
Amount of items payable in
Tenth District:
Kansas City, Yo.
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla.
Muskogee, Okla.
Oklahoma (All othor)(a)
Elsweherc in 10th Dist.
1:00 P. H.
1
1 ...Me
L.
25,533.86
cash letters usually
arrive at destination
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsewhere in 8th Dist.
Other Districts:
Dallas, fEils
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, Wash.
South Dakota
Spokane, Wash.
Utah, except Salt Lake City
nsconsin
t,
p
88.46
128.51
Li -k
.15,-9-06/42
1,019.98
##### 47.18
10.52
485.00
5.00
465.05
65.85
5,926.76
150.00
11,234.05
11,817.80
2,326.10
71.05
83.27
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (c)
Ohio
Nashville, Tenn.
Tmnessee (all othr)
Richmond, Va.
All other
Total (should agroe with Item No.1)
(u) Located in Tonth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
25,850.42
:1,4(4
td,aek,
(d) Located in Seventh District
(e) Located in Fourth District
(f) Located in Sixth District
>hi
Farmers & Commercial Bank,Holden,Mo.
TTriale and location of bETIT
SEIttlaehrlOn-Q84414ar
Member or nomnemor
(Johnson County)
ANALYSIS OF CASH iT,TTERS FORWARDED FOR COLILCTION DURING YONTH OF NOVEMBER, 1937
letters forwarded to Other
CorresponF.R.Bank Correspondent banks in dent banks in corresponof
dents
Kansas City
St. Louis
St. Louis
1. Total amount of cash letters
none
2. Time of departure of train on
which cash letters are usually
dispatched
32,364,37
70,483.67
12:48 a.m.
3. Time cash'letters usually
arrive at destination
none
12:48 a.m.
7:23 a.m.
7:15 am. same -day
4. Amount of items payable in Tenth District:
Kansas City, Yo.
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla.
Muskogee, Okla.
Oklahoma (All othor)(a)
Elswehere in 10th Dist.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsewhere in 8th Dist.
Other Districts:
DallaTTexas
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle,
South Dakota
Spokane, 1Vash.
Utah, except Salt Lake City
Wisconsin
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (e)
Ohio
,Nashville, Tenn.
Tennessee (all otia(. )(f)
Richmond, Va.
All other
Total (should agree with Item No.1)
(a) Located in Tonth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
56,228.65
1,185.85
207.55
158,61
287,60
58.21
633.61
9,242.72
2,525.50
17,146.42
5,742.76
6,359.07
,
720.32
20.32
38.56
1,050.62
10.45
200.00
1,031.22
10284804
(d) Locat&l in Seventh District
(e) Located in Fourth District
(f) Located in Si;:th District
Gaghlor
Nonmember
Alma Bank, Lafayettekunty, Alma, Lo.
Tamo and location of bank)
Member sr nonmember
(Lafayette County)
ANALYSIS OF CASH LETTERS FORNARDED FOR COLnCTION DURING YONTH OF NOVEMBER,
1937
Cash letters forwarded to Other
CorresponF.R.Bank Correspon,
dent banks in dent banks in corrosponof
dents
Kansas City
St. Louis
St. Louis
1. Total amount of cash letters
0,836.91
None
2. Time of departure of train on
8:5T
which cash letters are usually
dispatched
3.
01,739.88
None
4:28
OM MED
Time cash letters usually
arlive at destination
Following day
ame day
WWI
L. Amount of items payable in Tenth District:
Kansas City, Yo.
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla.
Muskogee, Okla.
Oklahoma (All othor)(a)
Elswehere in 10th Dist.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsowhoro in 8th Dist.
Other Districts:
allarTxas
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, Nash.
South Dakota
Spokane, V'ash.
Utah, except Salt Lake City
Wisconsin
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (e)
Ohio
Nashville, Tenn.
Tennessee (all oth,r)
Richmond, Va.
All other
Total (should agree with Item No.1)
(a) Located in Tonth District
(b) Located in Eihth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
'
859.73
None
74.16
None
None
51.97
1,281.54
5.02
201.66
None
None
7,106.34
7,543.08
18.40
None
204.64
None
None
189.16
40.51
None
None
None
31.81
None
None
92.59
1.50
None
10.82
None
None
None
Done
None
4,886.24
06,576.79
(d) Located in Seventh District
(e) Located in Fourth District
(f) Located in Sixth District
Nonmember
___Un.cordi,a_ank. Concor(lia, Missouri
A Member or nonmember
TTame and location of bank)
(Lafayette County)
ANALY IS OF CASH LETTERS FORWARDED FOR COLLECTION DURING FONTH OF NOVEMBER, 1937
.
J
A
ash letters forwarded to Other
CorresponF.R.Bank Correspondent banks in dent banks in corresponof
dents.
Kansas City
St. Louis
St. Louis
None
86,122.67
None
None
1. Total amount of cash letters
2. Time of departure of train on
which cash letters are usually
dispatched
3.
cash letters usually
arrive at destination
4;20
.1.11 ••••
Time
About 10;00 P.M.
L. Amount of items payable in Tenth District:
Kansas City,
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla.
Muskogee, Okla.
Oklahoma (All other)(a)
Elswehere in 10th Dist.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsewhere in 8th Dist.
Other Districts:
lexas
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, Vsash.
South Dakota
Spokane, Wash.
Utah, except Salt Lake City
Wisconsin
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (e)
Ohio_
Nashville, Tenn.
Tennessee (all other) (0
Richmond, Va.
All other
Total (should agree with Item No.1)
(a) Located in Tonth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
23,712.34
1,412.75
25.45
87.70
109.13
79.73
780.40
22,944.09
25,351.18
10.00
_7.70
2.50
25.00
108.90
250.00
125.10
9.74
843.09
437.00
40.00
9,760.87
86,122.67
(d) Located in Seventh District
(e) Located in Fourth District
(0 Located in Sixth District
O
Non-member
Bank of Higginsville, HiFTinsvillet Missouri
Member or nonmember
(Name and location of bank)
(Lafayette County)
ANALYSIS OF CASH LETTERS FORWARDED FOR COLLECTION DURING MONTH OF NOVEMBER, 1937
Cash letters forwarded to CorresponOther
F.R.Bank corresponbanks in dent banks in correspondent
of
dents,
St. Louis
Kansas City
St. Louis
1. Total amount of cash letters
Iione
2. Time of departure of train on
which cash letters are usually
dispatched
03,571.21
114,719.56
0.4,187.23
9.50 P.M.
* 1.47 P.M. &
9.50 P.M.
7.35 ILL,
6.50 P.M. &
7,45 41,1i,
3. Time cash letters usually
arrive at destination
4. Amount of items payable in Tenth District:
Kansas City, Mo.
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla.
. Muskogee, Okla.
Oklahoma (All othor)(a)
Elgwehore in 10th Dist.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tonnessec, except city of
Memphis (b)
Els-owhere in 8th Dist.
Other Districts:
Du1T7TYTTas
Idaho
Minnesota
North Dakota
Oklqhoma (c)
San Fraacisco, Calif.
Seattle, At,ash.
South Dakota
Spokane, ld,ush.
Utah, except Salt Lake City
Wisconsin
U. S. Government Checks
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky ( )
Ohio
Nashville, Tenn.
Tennessee (all other)
Richmond, Va.
All other
Total (should agree with Item No.1)
(a) Located in Tonth District
(b) Located in Eighth District
(c) Located in Eleventh District
# Includes .25,721.79 in pay-roll drafts
229.00
1,139.11
54,840.92
1,144.43
3.48
3,355.00
320.75
553.53
4,799.16
114.40
4,837.83
22,233.97
# 56,347.23
45,372.61
2,450.77
105.00
183.16
39.00
64.30
8.07
32.00
5.00
(7,222.50
13.70
t356.96
17.44
88.35
1,872.50
90.75
240.13
624.99
1 694.74
1,1,093.37 -11,983.85
93,571.21v/ 114,719.56 4
7.23
11,187
(d) Located in Seventh District
(a) Located in Fourth District
(0 Located in SL:th District
of International Shoe Co.(Higgimp l
oi
Tk41s train makes it possible to get some items into night transit or air mail
http://fraser.stlouisfed.org ilSen Citw.
Federal Reserve Bank of St. Louis
)
Commercial Bank of
411
LexingtonsMo.
Non-member
(Tame and location of bank)
--
A•Et-
Member or nonmember
(Lafayette County)
_
ANAuYSIS OF CASH Ll',TTL.R.6 FORURD.0 FOR COLLLCTiON DURING YONTH OF NOVEYB3R, 1937
asla letters forwarded to Other
CorresponFiRiBank Corrospondent banks in dent banks in corresponof
dents
Kansas City
St. Louis
St. Louis
t148,182.08 137,310.13
1. Total amount of cash letters
2.
Mail leaves Lexington Post Office
Time of departure of train on
at 6:00 o'clock P.M, Both letters
letters are usually
which cash
arrive at K.C.at 9:05 P.M. St.Louis letters leave-K.C.
dispatched
at midnight;arrive at St.Louis 7:30 A.M.
3.
Time cash letters usually
arrive at destination
St.Louis the next morning.
Kansas City in about 2 hours.
L. .-i-mo‘Ant of items payable in
Tenth District:
Kansas City, No.
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla.
Muskogee, Okla.
Oklahoma (All othcr)(a)
Elsweherc in 10th Dist.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsewhere in 8th Dist.
Other Districts:
71Ja11as7 Taas
Idaho
Minnesota
North Dakota.
Oklahoma (c)
San Francisco, Calif.
Seattle, '.ash.
South Dakota
Spokane, Yiash.
Utah, except Salt Lake City
Wisconsin
Boston, Mass.
,
Charlotte. N. C.
Illinois, except Chicago (d)
Kentucky (c)
Ohio
Nashville, Tonn.
Tennessee (all othr) (f)
Richmond, Va.
All other
n11,129.68
833.32
567.25
488.15
21.93
59.58
105.00
86,345.06 (3894 items)
59,575.63
18.33
202.58
23,779.20
Total (should agree with Item No.1)
(a) Located in Tenth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(d) Located in Seventh District
(e) Located in Fourth District
(0 Located in Sixth District
Lexington Savings Tru.smpany, Lexington, Mol
/470/11aWnbga___
Member or nonmember
Lame and location of bank
(Lafayette County)
.
ANALYSIS OF CASH LETTERS FORWARDED FOR COLLECTION DURING YONTH OF NOVEMBER, 1937
Cash letters forwarded to Other
CorresponF.R.Bank Corrospondent banks in dent banks in corrosponof
dents
Kansas City
St. Louis
St. Louis
189,852.20
1. Total amount of cash letters
10,862.19
2. Time of departure of train on
which cash letters are usually
dispatched
7:55 P.M.
7:55 P.M.
7:23 A.M.
9:05 P.M.
3.
L.
Time cash letters usually
arrive at destination
Amonrt of items payable in Tenth District:
Kansas City, Mo.
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla. •
Muskogee, Okla.
Oklahoma (All othor)(a)
Elswehere in 10th Dist.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsowhero in 8th Dist.
74,696.23
2,313.48
48.00
27.67
38.25
1,064.10
2,650.94
805.90
2,034.78
4.89
44.00
(1440 items)
10,862.19
Other Districts:
—75717777—Taas
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, Wash.
South Dakota
Spokane, Wash.
Utah, except Salt Lake City
Wisconsin
94.58
6.50
2.39
632.68
24.50
3,663.00
269.69
8,219.96
All other
(u) Located in Tenth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
80.64
66.03
25.69
7.50
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (e)
Ohio
Nashville, Tenn.
Tonnessoe (all other) (f)
Richmond, Va.
Total (should agree with Item No.1)
51,666.85
41,357.70
6.25
10,862.19
89,852.20
ri-
(d) Located in Seventh District
(e) Located in Fourth District
(f) Located in Sixth District
'napoleon Mo.
•
Napoleon Sank
•
non-member
Momber or nonmember
TYane and location of baniTT
(Lafayette County)
ANALYSIS OF CASH LETTERS FORWARDED FOR COLLECTION DURING FONTH OF NOVEMBER, 1937
Cash letters forwarded to Other
CorresponF.R.Bank Correspondent banks in correspondent banks in
of
dents
Kansas City
St. Louis
St. Louis
23,866.28
I. Totul amount of cash letters
2. Time of departure of train on
which cash letters are usually
dispatched
3.
Time cash letters usually
arrive at destination
L.
Amount of items payable in
Tenth District:
Kansas City, Yo.
State of Kansas
Denver, Colo.
Colorado (All oth:x)
Tulsa, Okla.
Muskogee, Okla.
Oklahoma (All other)(a)
Elswehorc in 10th Dist.
9.30 A.M.
10.30 A.M.
ONO
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (t)
Missouri:
13 potitioring counties
All other (b)
Tennessee, except city of
Yomphis (b)
Elsowhoro in 8th Dist.
Other Districts:
. ballaE7 17ias
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, Wash.
South Dakota
Spokane, Wash.
Utah, except Salt Lake City
Wisconsin
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (e)
Ohio
Nashville, Tenn.
Tonnossee (all othr)
Richmond, Va.
All other
Total (should agree with Item Ne.1)
(a) Located in Tonth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
14,048.39
86.52
6,428.10
2,725.88
350.00
139.10
4.65
83.64
23,866.28
(a) Located in Seventh District
(0) Located in Fourth District
(f) Located in Sixth District
444
(iamo and locatAon of bank)
„6 /
• 1/14e-vt4__Lo Drom7"F€- or 91/444„.ni"E-OLA..
-7no nine
7
ANALYSIS 01 1=i.,17.10FORWARDED FOR COLLECTION DURING YONTH OF NOVErBER,
1937
Cash letters forwardod to Other
CorrosponF.R.Bank Correspondent banks in dent banks in corrospon7
of
dents
Kansas City
St. Louis
St. Louis
1. Total arount of cash letters
2. Time of departure of train on
which cash letters are usually
dispatched
3.
Time cash letters usually
arrive at destination
L.
/7?3),//
3o /)fl,613
2i1.
Amount of items payable in Tenth District:
Kansas City, No.
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla.
Muskogc, Okla.
Oklahoma (All other)(a)
Elmehore in 10th Dist.
e. A./1, 11 .
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennesso(3, except city of
Memphis (b)
Elsewhere in 8th Dist.
Other Districts:
DallaE77aas
Idr.ho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, Ita.ash.
South Dakota
Spokane, Wash.
Utah, excopt Salt Lake City
Wisconsin
/
j2— c 0rts--
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (c)
Ohio
Nashville, Tenn.
Tonness3e (all othr) (f)
Richmond, Va.
All other
Total (should agree with Item No.1)
(a) Located in Tonth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(d) Located in Seventh District
(0) Located in Fourth District
(f) Located in Sixth District
•
,WELLINGTON
BANK—WELLINGTON Missouri.
Tmc
77411
and location of baliRT
ff\
71
,Cash1241 1fler)
.uT
(Lafayette County)
ANALYSIS OF CASH 1,71TTERS FORWARDED FOR COLLECTION DURING YONTH OF NOVEYBER,
1937
A
Cash letters forwarded to Other
CorresponF.R.Bank Corresponbanks in dent banks in corrospondent
of
dents
Kansas City
St. Louis
St. Louis
1. Totul amount of cash letters
all to
Kansas City Mo.
$38,696.51
9 A.M. following day
2. Time of departure of train on
which cash letters are usually (we are now sending by
dispatched
employee of Commerce Trust
3.
L.
Co. and letter arrives at
8 A.M.)
cash letters usually
arrive at destination
Time
Arno-ant of items payable in
Tenth District:
Kansas City, No.
State of Kansas
Denver, Coloo
Colorado (All other
Tulsa, Okla.
Yuskogee, Okla.
Oklahoma (All other)(a)
Elgwehere in 10th Dist. -..-all in Missouri
IMO
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties —(389 items)
All other (b) ------All in Missouri
Tennessee, except city of
Yomphis (b)
Elsowhero in 8th Dist.--All on Memphis
$17,454.76
60.00
7.44
5.49
4,894.20
88.67
7,991.41
3,162.73
3,806.14
. Other Districts:
Da11177 17Tas
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, V.e.sh.
South Dakota
Spokane, Wash.
Utah, except Salt Lake City
Wisconsin
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago
Kentucky (e)
Ohlo
Nashville, Tenn.
Tennessee (all oth(:r)
Richmond, Va.
d)
All other
Total (should agree with Item No.1)
(a) Located in Tonth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1.84
41; 1,223.83
1 ,38,696.51
1
(d) Located in Seventh District
(e) Located in Fourth District
(0 Located in Si::th District
!II Holden,
Bank of Holden, location ofMO.
bankT
and
----------
Non-member
Member or nonmember
ANALfSIY9F15%1FIS FORWARDED FOR COLLECTION DURING MONTH OF NOVEMBER,
1937
Cash letters forwarded to Other
CorresponF.R.Bank Correspondent banks in corrospondent banks in
of
dents
Kansas City
St. Louis
St. Louis
34,856.99
1. Total amount of cash letters
2.
Time of departure of train on
which). cash letters are usually
dispatched
3.
12:48 A.M.
Amount of itoms payable in
Tenth District:
Kansas City, Yo.
State of Kansas
Denver, Colo.
Colorado (All other)
•
.
Tulsa, Okla.
.
Yuskogo,;, Okla.
Oklahoma (All othDr)(a)
Elswehere in 10th Dist.
7:23 A.M.
.00
619.06
14,771.57
70.20
10,241.77
.00
3,643.42
19,568.83
18,250.00
.00
S.•
•
• ••
• •
Boston, Mass.
•••••••••••••••
Charlotto, N• C.
Illinois, except Chica7o (d).......
Kentucky (c)
••••.000000000
Ohio
Nashville, Tenn.
Tmnessee (all oth r) (f)
Richmond, Va.
000000 •••.•••••
All other
Total (should aE:roe with Item No.1)
(a) Located in Tonth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7:15 A.M.
46,606.78
6,491.89
35.00
84.20
8.55
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counti,s
OOOOOOO
All othcr (b)
Tennessee., except city of
Yemphis (b)
Elmywhoro in 8th Dist.
Other Districts:
Dalla.cT, Taas
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif. ..•. OO
Seattle, 1/.ash.
South Dakota
Spokane, *Shashi
Utah, except Salt Lake City.•
Wisconsin
12:48 A.M.
41.0 OM
Time cash lettors usually
arrive at destination
L.
105,696.78
.00
200.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
9,855.84
.00
25.00
.00
10,081.66
140,553.77
(d) Located in Seventh District
(c) Located in Fourth District
(f) Located in Sixth District
Gasnier
N. member
Member or nonmember
:Farmers State Ban4Princeton, Lissq=i Tgamo and location of bank)
(Mercer County)
L7ITERS FORWARDED FOR COLLECTION DURING YONTH OF NOVEMBER,
ANALYSIS OF CASH -
1937
Cash letters forwarded to Other -CorresponF.R.Bank Corrospondent banks in dent banks in corrosponof
dents
Kansas City
St. Louis
St. Louis
1. Total amount of cash letters
2. Time of departure of train on
which cash letters are usually
dispatched
3.
Time cash letters usually
arrive at destination
Amount of items payable in
Tenth District:
Kansas City, Yo.
State of Kansas
Denver, Colo.
Colorado (All oth;:r)
Tulsa, Okla. •
Muskogee, Okla.
Oklahoma (All othor)(a)
Elswehore in 10th Dist.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsowhore in 8th Dist.
;:
.
;.1.06,303.38
8:00
M
••• OEN
11:00
••••••
7,489.82
55.13
90.00
137.19
51.50
7,472.87
25.00
-5.00
12,038.76
10,036.29
Other Districts:
--TEITTFTraYF
Idaho
Minnesota .
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, .ash.
South Dakota
Spokane, Wash.
Utah, except Salt Lake City
Wisconsin
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (e)
Ohio - Nashville, Tcnn.
Tonnossoo (all oth•r) (f)
Richmond, Va.
All other
Total (should agree with Item No.1)
(a) Located in Tonth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
95.43
-1.60
91.88
5.77
17.32
6.00
18,683. 82
.106,303.38 I
(d) Located in Seventh District
(o) Located in Fourth District
(f) Located in Si:fth District
eKctc4.4
j
___ton "'o.
Bank
MemEer 3r nonmember
ham and locaxion of bank)
(Mercer County)
ANALfSIS OR CASH LF,TTELPS FORWARDED FOR COLLECTION DURING YONTH OF NOVEMBER, 1937
____EX1XWAIPA___EIA
Cash letters forwarded to Other
CorresponF.R.Bank Corresponbanks in corrospondent banks in dent
of
dents
Kansas City
St. Louis
St. Louis
1. Totz,1 amount of cash letters
90057.81
2. Time of departure of train on
which cash letters are usually
dispatched
3.
Time cash letters usually
arrive at destination
L. Amomit of items payable in Tenth District:
Kansas City, No.
State of Kansas
Denver, Colo.
Colorado (All othr)
Tulsa, Okla.
Muskoge,:, Okla.
Oklahoma (All othor)(a)
Elswehere in 10th Dist.
16140.54
488.08
23.41
660.27
1784.30
.00
1341.70."
2151.40
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsewhere in 8th Dist.
Other Districts:
Dallas, Texas
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, '.ash.
South Dakota
Spokane, lhash.
Utah, except Salt Lake City
Wisconsin
*
** *
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (e)
Ohio
Nashville, Tenn.
Tennessee (all oth,r) (f)
Richmond, Va.
All other
Total (should ai.:roe with Item No.1)
(a) Located in Tonth District
(b) Located in Eirlith District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.00
145.97
.00
6.73
42724.31
14231.80
.00
.00
171.89
-
.00
106.52
1602.02
.00.
27.54
.00
13.57
.00
.00
.00
342.37
.00
.00
854.00
.00
.00
.00
.00
.00
8141.52
90957.81 i
(d) Located in Seventh District
(a) Located in Fourth District
(f) Located in Sixth District
•
, Lawson MAO
Lawson Bark
Non member .
Member or nonmember
bank) -(Name a.nd location of
------(Ray County)
ANALYSIS OF CASH LETTERS FORWARDED FOR COLLECTION DURING MONTH OF NOVEMBER, 1937
Cash letters forwarded to Other
CorresponF.R.Bank Corresponbanks in correspondent banks in dent
of
dents
Kansas City
St. Louis
St. Louis
51,537.89
1. Total amount of cash letters
2. Time of departure of train on
which cash letters are usually
dispatched
3.
Time cash letters usually
arrive at destination
L.
400 •••
Amount of items payable in Tenth District:
Kansas City, No.
State of Kansas
Denver, Colo.
Colorado (All oti-wr)
Tulsa, Okla.
Muskogee, Okla.
Oklahoma (All othor)(a)
Elswehore in 10th Dist.
32,040.85
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsowhero in 8th Dist.
10,412.02
8,169.35
Other Districts:
Dallas, YEET
Idaho
Minnesota
North DakotL
Oklahoma (c)
San Francisco, Calif.
Seattle, Wash.
South Dakota
Spokane, Wash.
Utah, except Salt Lake City
Wisconsin
687,08
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (c)
Ohlo
Nashville, Tenn.
Tennessee (all othr) (f)
Richmond, Va.
All other
•••••••••••••••
•••••.
Total (should agree with Item No.1)
(a) Located in Tonth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
228.59 ,
51,537.89
(d) Located in Seventh District
(e) Located in Fourth District
(0 Located in Sixth District
CiLiheus Exchange kink
Orrick, Nio.loy
(Tally,
and location of bank)
(Ray County)
ANALYSIS OF CASH LWITLPS FORWARDED FOR COLLECTION DURING MONTH OF NOVEMBER,
1937
Cash letters forwarded to Other
F.R.Bank Correspon- 1 Correspondent banks in dent banks in corresponof
dents
St. Louis L Kansas City
St. Louis
1. Total amount of cash letters
0
40 791
0
5 P.7...7.
5F • - •
2. Time of departure of train on
witch cash letters are usually
dispatched
3.
L.
cash letters usually
arrive at destination
Amourt of items payable in
Tenth District:
Kansas City, Yo.
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla.
Muskogeo, Okla.
Oklahoma (All othor)(a)
Elswehere in 10th Dist.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Els-owhoro in 8th Dist.
Other Districts:
Dallas, raas
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, Vdash.
South Dakota
Spokane, Wash.
Utah, excopt Salt Lake City
Wisconsin
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (o)
Ohio
Nashville, Tenn.
Tennessee (all othr) (f)
Richmond, Va.
0
5E .Y•
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mom limi••••••
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••••••••.••••
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••••
•••• ••••••••••
All other
--
Total (should agree with Item No.1)
(a) Located in Tonth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
40 391
(d) Located
in Seventh District
(e) Located in Fourth District
(f) Located in Sixth District
•
Non-member
Member or nonmember
(Name and beat ono
(Bay County)
ANALYSIS OF CASH LETTERS FORWARDED FOR COLLECTION DURING MONTH OF NOVEMBER, 1937
Banktng
onse
of J j;
1.13(4,41-
ash letters forwarded to Other
CorresponF.R.Bank Corrospondent banks in dent banks in corresponof •
dents
Kansas City
St. Louis
St. Louis
1. Total amount of cash letters
None
2. Time of departure of train on
which cash letters are usually
dispatched
3.
cash letters usually
arrive at destination
Time
64,066.72
86,933.39
12,170.51
6:30 PM
6:30 PM
6:30 PM
6:00 AM
9:30 PM
6:0DL.M
Amount of items payable in
Tenth District:
Kansas City, Mo.
State of Kansas
Denver, Colo. .
Colorado (All other)
Tulsa, Okla.
Muskogoe, Okla.
Oklahoma (All other)(a)
Elswehoro in 10th Dist.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsewhere in 8th Dist.
0
73,893,.41
1,738.66
869.33
8,696.33
21,142.03
8,328.67
8,276.04
1,738.66
851.93
Other Districts:
DallaSTMas
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Fraacisco, Calif.
Seattle, Viash.
South Dakota
Spokane, l'ash.
Utah, except Salt Lake City
Msconsin
Boston, Mass.
Charlotte, N..C.
Illinois, except Chicago (d)
Kentucky (o)
Ohio
Nashville, Tenn.
Tennessee (all other)(0
Richmond, Va.
All other
Total (should agree with Item No.1)
(u) Located in Tonth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
34,596.02
/86,933.393 042.
j
7- ad”"r4/.
11.37 12,170.5Y 4
64,066.727
-0
(d) Located in Seventh District
(e) Located in Fourth District
(f) Located in SL:th District
tAr
axkQS
Tina
•
.
410
_ZLna--141
Member or nonmember
Jam anti location of bank)
(Carroll County)
ANALfSIS Oi CASH LETTERS FOWARDED FOR COLILCTION DURING YONTH OF NOVEYBER,
1937
Cash letters forwarded to Other -CorresponF.R.Bank Corrospondent banks in dent banks in corresponof
dents
Kansas City
St. Louis
St. Louis
1. Total amount of cash letters
5 3859 94
.
2. Time of departure of train on
which cash letters are usually
dispatched
4:12 P.M.
3.
4.
Time cash letters usually
arrive at destination
20,484.83
4:12 P.M.
7,487.34
4:12 P.M.
-
Amount of items payable in Tenth District:
Kansas City, Yo.
9,945.22
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla.
Muskogee, Okla.
Oklahoma (All other)(a)
Elsweherc in 10th Dist.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
17,989.00
13 petitioning countics
All other (b)
Tonnossoe, except city of
Yemphis (b)
Elsewhero in 8th Dist.
Other Districts:
DallaETTexas
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, V;ash.
South Dakota
Spokane, liash.
Utah, except Salt Lake City
Msconsin
84.51
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (o)
Ohio
Nashville, Tenn.
Tonnessee (all othLx) (f)
Richmond, Va.
2.20
All other
33f842 11
-41- ---Total (should agroo with Item No.1)
(a) Located in Tonth District
(b) Located in Eighth District
(c) Located in Eleventh District
tc
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(
2, 10. 93
(d) Located in Seventh District
(o) Located in Fourth District
(f),..Located in Sixth District
-/ 33, st) 3 2 II
4111
III
ikul-nagralfiX-Membor or nonmember
-Dame and location 01 bank)
(Daviess County)
ANALYSIS OF CASH LT:.TTERS FORWARDED FOR COLLECTION DURING YONTH OF NOVEYBER, 1937
1
18 .1k .
..
_Ini qt_
-
-2101onsburg
1. Total amount of cash letters
VID
Cash letters forwarded to - ---CorresponF.R.Bank Correspong:
I
dent banks in cor!
dent banks in
of
Kansas Cityj dents.
Louis
St.
St. Louis
29,82 /
1 12
40,952.01
32,033.78
None
9 Time of departure of train on
.
which cash letters are usually
dispatched
/0- 1_31 A.M.
1_31 A.M.
1* 31 A.M
Mailed here 5 P.M. destination following
day
3. Time cash letters usually
us
A.M.
A.M
A.M.
arrive at destination
L. Amount of items payable in
Tenth District:
Kansas City, Yo.
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla.
Muskogee, Okla.
Oklahoma (All oth2r)(a)
Elswehere in 10th Dist.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennesseo, except city of
Memphis (b)
Elstwhero in 8th Dist.
Other Districts:
Dalla77 1
-1aas
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, Via.sh.
South Dakota
Spokane, Vlash.
Utah, except Salt Lake City
Wisconsin
75 %
10%
5%
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (0)
Ohio
Nashville, Tonn.
Tennessee (all othr)
Richmond, Va.
All other
Total (should agree with Item No.1)
(a) Located in Tonth District
(h) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(d) Located in Seventh District
(0) Located in Fourth District
(f) Located in Sixth District
41/
.L4on laemiser
Cook & lbenci411 bank
Galt, Imo.
Member or nonmember.
—(ram and location of bank)
(Grundy County)
Ani,fSIS OF CASH LflTTERS FORWARDED FOR COLLECTION DURING MONTH OF NOVEMBER, 1937
•••••••••
ash letters forwardod to Other
CorresponF.R.Bank Correspondent banks in dent banks in corresponof
dents
Kansas City
St. Louis
St. Louis
1. Tozal anount of cash letters
2. Time of departure of train on
which cash letters are usually
dispatched
3.
T:Lme cash letters usually
arrive at destination
L.
Amount of items payable in
Tenth District: .
Kansas City, Yo.
State of Kansas
Donver, Colo.
Colorado (All othex)
Tulsa, Okla.
Muskogee), Okla.
Oklahoma (All othor)(a)
Elawehore in 10th Dist.
032.782.
2 3Q P M
6 30 P
75%
Eighth District:
Arkansas
Illinois (b)
Louisvillc, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
,
'
Tennessee except city of
Memphis (b)
Elgowhoro in 8th Dist.
Other Districts:
DallaETTaas
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, '.ash.
South Dakota
Spokane, Wash.
Utah, except Salt Lake City
Wisconsin
15%
Boston, Mass.
Charlotte, N. C.
Illinois, except Chica7o (d)
Kon#uoky (o)
Ohio
Nashville, Tenn.
Tennessee (all oth, ) (f)
Richmond, Va.
All other
Total (should agree with Item No.1)
(a) Located in ilinth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.(d) Located in Sov(mth District
(e) Located in Fourth District
. (f) Located in Si7:th District
ember:
P.D.I.0
Mo, B.Asso.
Non Member: Fed R.Bank.
__Amex_R.Asso.
Member or nonmember
State Bank of Browning* Brownington, Mo.
(7ame end location of bank)
(Henry County)
ANALYSIS OF CASH LTITTERS FORWARDED FOR COLLECTION DURING YONTH OF NOVEMBER,
_
1937
Cash letters forwarded to Other -CorresponF.R.Bank Correspondent banks in dent banks in corresponof
dents
Kansas City
St. Louis
St. Louis
so%
50%
50%
1. Totta anount of cash letters
(Beigimated)
2. Time of departure of train on
which cash letters are usually
dispatched
3.
TinG
L.
Amount of items payable in
Tenth- District:
Kansas City, Yo.
State of Kansas
Denver, Colo.
Colorado (All otIvx)
Tulsa, Okla.
Muskogee, Okla.
Oklahoma (All other)(a)
Elswohore in 10th Dist.
cash letters usually
arrive at destination
Oa
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsowhoro in 8th Dist.
50$
(estimated)
Other Districts:
Dallaj7 Taas
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
,
Seattle, V. ash.
South Dakota
Spokane, lkIsh.
Utah, except Salt Lake City
Wisconsin
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (e)
Ohio
Nashville, Tenn.
Tennessee (all other) (0
Richmond, Va.
•
All other
Total (should agree with Item No.1)
(a) Located in Tonth District
(b) Located in Eighth District
(c) Located in Eleventh District
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(d) Located in Seventh District
(e) Located in Fourth District
(f) Located in Sixth District
TI IN
PILES
SECTION
!?, 4 1.938
Mr. Millard left the attached
file when he was in the office on March
with the request that it be attached to the
rest of the file.
R.F.L.
-
Federal Reserve System,
Washington, D. C.
Dear 1,
1r. Millard:
Reference is made to my letters dated January 31
and F
ebruary 1, relative to the schedules prepared by postal
expert for First Vice President Worthington covering the mail
service and currency shipments for the Federal Reserve Bank
of St. Louis, and the Federal Reserve Bank of Kansas City, to
member banks in the thirteen counties in Northeast Missouri,
which petitioned to be transferred from the Eighth Federal
Reserve District to the Tenth Federal Reserve District.
We have received from the Assistant Superintendent
of the Division of Railway Mail Service, a letter dated
March 3, 1938, enclosing schedules showing the comparative
time required for currency shipments from St. Louis and l'ansas
City to the towns in the thirteen counties, where member banks
are located. I am enclosing a photostat of his letter, and
a photostat of the Assistant Superintendent of the Railway Mail
Service schedule as compared with the schedule prepared by the
postal expert for First Vice President Worthington of Kansas City.
The postal expert's schedule will appear in the second column
of the photostatic copy as 'K.C.', and the schedule of the
Assistant Superintendent of the Railway Mail Service will appear
in the second column of the photostatic copy as ISt.L.'.
Will state that in each case currency is deposited in
St. Louis in time to leave St. Louis at the time indicated by
the Assistant Superintendent of the Railway Mail Service. I am,
of course, unable to state whether currency from the Federal
Reserve Bank of Kansas City is deposited with the Post Office
in time to leave Kansas City as indicated by the Assistant
Superintendent of the Railway Mail Service or by the postal
expert, who furnished the schedule for First Vice President
Worthington.
It has taken considerable time and effort to get this
particular matter worked our satisfactorily. After the Railway
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
_
Mr. E. R. Millard,
Page No. 2
March 16, 1938.
Mail Service finally understood that the purpose of our effort
was to improve the service to member banks, they have coopera
ted
in a fine way.
It has stimulated them to better the existing
service, as well as to stimulate us to avail ourselves of
the
facilities.
In this connection will state that we are making a
survey of the whole Eighth District with the idea of improving the
service.
The Assistant Superintendent of the Railway Mail
rvice
advised Mr. Dawson that his schedules were prepared on the basis of
actual service, as shown by the records of the Railway Mail Department. There are rather frequent changes, from time to time, of
trains that carry registered mail currency. The Reserve bank does
not always get notices of those changes. I think we can depend on
the schedule that the Assistant Superintendent prepared for us.
I feel quite satisfied with the service we are now able to
render the member banks in the thirteen counties. We hope to be
able to render equally satisfactory service to all member banks
in
the Eighth District.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Yours very truly,
John S. Wood,
Vice President.
OF 7-..T.A EL SCIIED[LE.z... FOR (.7:CRR.Li..:CY
FROM KiV .SAS CITY MID ST. LOUIS
OF TOMN
SCHEDULE '1'Y
ro.
DAYS
X.C.
St.L.
.
I ethany
LEAVE ST.LO,IS
ARRIVE DEST.
UO. DAYS
8:57 A.T. Tue.
8:37 A.M. Tue.
1
1
5:15
5:15 F.. Yon.
8:14 A.M. Tue.
8:15
Tue.
1
1
11:35 F.V. Mon.
::on.
11:55 7
8:14 A.7". Tue.
8:15 A.M.. Tue.
1
1
Tue.
7:05
6:27 P.7. Tue,
2
11:59 F.". -on.
1:15 p.n. Mon.
7:05 P.7. Tue.
8:45 A.M. Tue.
1
6:55 A.M. Tue. 6:57 A.M. Tue.
6:35 A.". Tue., 8:37 A.M. Tue.
1
11:59 1-..';4 Won.
11:59 T.'. Mon.
Tue.
8:15
8:15 A.7. Tue.
Y.C.
St.L.
xx Appleton City
DEST.
LEAVE Y.C.
1
2
Blairstown
E.C.
St.L.
9:00 A.:. Tue. 11:34 A.M. Tue.
9:00 A.M. Tue. 11:30 A.M. Tue.
1
1
11:59 P.7.".. 311.
11:59 p.M. 'Lon.
11:34 A.M. Tue.
11:30 A.M. Tue.
1
1
A.y.thedale
K.C.
St.L.
.
8:15 A.- Tue.
8:15 A.1:." Tue.
7:05 P.'% Tue.
7:05 P.'. Tue.
2
2
Y.on.
.
11:59 7
11:59 I.- Mon.
7:05 P.M. Tue.
7:05 F.M.Tue.
2
2
Jocard
K.C.
St.L.
Mon.
11:00
9:45 A.M. Mon.
4:28 P.M. Yon.
1:37 P.M. Tue.
1
1
Mon.
4:05
"on.
.
11:39 P.-
2.7% Tue.
1:37 '
1:37
Tue.
1
1
Dosworth
K.C.
St.L.
Tue. 11:45 A.V. Tue.
9:45
8:45 A.M. Tue. 10:58 A.T. Tue.
1
L:on.
11:47 F.
F - Mon,
11:59
11:20 A.". Tue.
10:58 A.M. Tue.
1
1
K.C.
St.L.
8:30 A.M. Tue. 10:39 A.Y. Tue.
Tue. 10:39 A.V. Tue.
8:30
1
1
11:59 F.'.'. o11.
11:59 F.7:. Mon.
10:39 A.:. Tue.
10:39 A.M. Tue.
1
1
Brownincton
K.C.
St.L.
9:00
9:00
Tue.
Tue. 12:57
Tue. 12:57 F.M. Tue.
1
1
11:59 F..
11:59 F...
.
12:57 7.- Tue.
12:57 P.'. Tue.
1
1
Cainesville
K.C.
St.L.
9:30 A.M. Tue.
.
11:59 P.- Mon.
Uo schelule About 3
2
8:30 A.M. Wed.
• nn.
7:30
A.,. If.on.
9:20
Calhoun
K.C.
St.L.
11:59 P.7:. Mon.
11:59 P.M. Mon.
7:21 A.M. Tue.
7:21 A.M. Tue.
1
1
Carrollton
K.C.
St.L.
9:00 A.M. Tue. 10:36 A.M. Tue.
9:45 A.M. Tue. 11:25 A.M. Tue.
Chillicothe
K.C.
St.L.
K.C.
St.L.
Braymer
xx
xx
Clinton
Coffey
xx
K.C.
Concordia
K.C.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11
3
Aoout
o schedule
8:30 A.... Wed.
3
2
.
11:55 P. • 7 0n.
• A-on..
11:55
7:21 A.M.. Tue.
7:21 A.r. Tue.
1
1
1
1
Mon.
4:05 F.
11:59 F.!:-
8:07
. Mon.
A.M. Tue.
11:25
1
1
11:00 A.. Mon. 2:15 P.M. Won.
6:30 A.V. Mon. 11:13 A.M. Yon.
9
1
5:15 F-71- Mon:
11:59 F.. 14on.
11:13 A.M. Tue.
11:15 A.!'. Tue.
1
1
11:59 P.M. Mon.
11:59 P.M. Mon.
7:44 A.M. Tue.
7:44 A.M. Tue.
1
1
11:55
11:59
ron.
7:44 A.". Tue.
Tue.
7:44
1
1
8:15 A.M. Tue. 11:41 A.M. Tue.
8:15 A.M. Mon. 11:41 A.M. Tue.
1
1
11:5:?
:
'
3:15 F•/: 10n.
11:41,A.M. Tue.
11:41 A.M. Tue.
1
1
1
1
11:59 e.m- Qfl
11:59 F•M• Mon,
6:56 A.V.. Tue.
6:56 A.Y. Tue.
1
1
11:59 P.M. Mon.
11:59 P.M. Yon.
6:56 A.M. Tue.
6:56 A.M. Tue.
7 ".
_
.1^
'
ro.
DAYS
LEAVE ST. LOUIS
8:48 A.M. Tue.
8:48 A.M. Tue.
1
1
Yon.
11:45
5:15 F.M. "on.
8:48 A.Y. Tue.
8:48 A.M. Tue.
8:30 A.7.
8:30 A.7,7. Tue.
10:26 A.M. Tue.
10:26 A.V. Tue.
1
1
'
11:59 F.M. 7, on.
11:59 F.Y. Yon.
10:26 A.Y. Tue.
10:26 A.Y. Tue.
Y.C.
St.L.
8:30 A.M. Tue.
8:30 A.M. Tue.
10:57 A.M. Tue.
10:57 A.M. Tue.
1
11:59
11:59
)1..
!!. ,
10:57 A.M. Tue.
10:57 A.M. Tue.
Y.C.
St.L.
9:00 A.M. Tue.
9:00 A.M. Tue.
1:05 F.M. Tue.
1:05
Tue.
11:59 P.M. 7011
.
11:59 P.7:. 70n.
1:05 7.M. Tue.
1:05 F.M. Tue.
St.L.
6:15 A.M. Tue.
8:15 A.M. Tue.
1:15 P.- Tue.
1:15 7.1% Tue.
1
1
11:55 P.7. -on.
0n.
11:59 p.':. !!
1:15 P.M. Tue.
1:15 P.7. Tue.
Gallatin
K.C.
St.L.
9:00
Tue.
11:00 A.. Tue.
3:41 P.M. Tue.
3:41 P.M. Tue.
1
1
Mon.
A.M. Tue.
9:10
8:48 A.M. Tue.
3:41 7.7. Tue.
Galt
K.C.
8:30 A.M. Tue.
8:30 A.M. Tue.
.
11:59 A.V. Tue.
11:59 A.M. Tue.
11:59 P.M. :on.
11:59 F.Y. 7.on„
11:59 A.7. Tue.
11:59 A.
Tue.
St.L.
8:15 A.M. Tue.
9:15 A.M.
11:57 A.M. Tue.
11:57 A.M. Tue.
1
1
'3 5
13 :1
Mon.
111.
-(
11:57 A.7.. Tue.
11:57 A.M. Tue.
Hale
K.C.
St.L.
11:00 A.M. 7on.
9:45 A.M. Mon.
3:56 P.M. Mon.
2:10
Yon.
1
1
4:05 F.TM
.
11:59 p.M. Mon.
2:10 P.M. Tue.
2:10 F.M. Tue.
Hamilton
K.C.
St.L.
11:00
Mon.
11:00 A.M. Mon.
1:31"P.'2%. Yon.
1:31 P.M.
.on.
11:59
11:59 P.TM. Mon.
1:31 P.M. Tue.
1:31 P.M. Tue.
xx
Higginsville
K.C.
St.L.
6:55 A.M. Tue.
6:55 A.V. Tue.
8:40 A.M. Tue.
8:40 A.M. Tue.
1
1
5:15 P.M. Yon.
.
5:15 P.- Mon.
8:40 A.M. Tue.
8:40 A.M. Tue.
xx.
Holden
K.C.
St.L.
1:00 P.7. Yon.
8:55 A.M. Tue.
2:25
9:48
. Mon.
Tue.
1
5:15 p•:.
M°11.
1 1:5E= .
9:45 A.M. Tue.
5:40 A.M. Tue.
Jamecoort;
E.C.
St.L.
11:52 P.M.
11:59 P.M. Yon.
Tue.
7:20
7:20 L.L. Tue.
1
1
F.,. !'on.
5:15
5:3 F..
Yon.
7:20 A.M. Tue.
7:20 A.M.. Tue.
Knobnoster
K.C.
St.L.
1:00 P.. Mon.
8:45 A.M. Tue.
2:30 F.M. Mon.
10:30 A.Y. Tue.
1
11:59 F.M.
nn.
11:59
10:15 A.M. Tue.
5:02 A.M. Tue.
K.C.
St.L.
8:30
Tue.
8:30 A.M. Tue.
11:46 A.L. Tue.
11:46 A.M. Tue.
1
11:5E, pc,.r04.
11:59 P.M. Y.on.
11:46 A.M. Tue.
Tue.
11:46
Lawson
K.C.
5t.L.
8:30 A.M. Tue.
8:30 A.M. Tue.
9:53 A.7. Tue.
9:53 A.M. Tue.
1
1
7:30 F.M. 1.10n.
11:59 p. M.
6:34 A.M. Tue.
9:53 A.T!.. Tue.
Leeton
K.C.
St.L.
8:45 A.M. Tue.
8:50 A.7.. Tue.
10:39 A.). Tue.
10:44 A.7. Tue.
M°11.
11:59
11:59 r-....koi1
9:01 A.7. Tue.
10:44 A.7.. Tue.
NAME OF T01 ::
:
Corder
Y.C.
StL
..
6:55 A.Y. Tue.
6:55
Tue.
Cowgill
E.:.
St.L.
Dawn
Deepwater
xX.
SCHEDULE 72,Y
Eldorado Springs
Gilman City
*
**
xx
xx
Laredo
xx
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
LEAVE K.C.
ARRIVE DEST.
P.—
7:30
ARRIVE DEST.
E0. DAYS
0
0
1 1 :59 P.M. M.on.
1 1:59 P.M. Mon.
9:00 A.M. Tue.
8:23 A.M. Tue.
1
1
9:00 A.W. Tue.
9:00 A.7. Tue.
1:25 P.M. Tue.
1:25 P.M. Tue.
1
1
Mon.
11:5;)
P.M. Mon.
11:59
1:25 P.M. Tue.
1:25 P.M. Tue.
1
1
K.C.
St.L.
8:30 A.M. Tue.
8:30 A.M. Tue.
10:30 A.V. Tue.
Tue.
10:50
1
1
11:59 P.M. Mon.
1l:5I P.M. Mon.
10:50 A.M. Tue.
10:50 A.M. Tue.
1
1
K.C.
St.L.
6:55 A.. Tue.
6:55 A.M.
8:26 A.M. Tue.
8:26 A.!.r. Tue.
1
1
5:15 P...% Mn.
5:15 P.M. Yon.
8:26 A.M. Tue.
8:26 A.M. Tue.
1
1
K.C.
St.L.
Tue.
9:30
9:20 A.M. Tue.
12:40 F.M. Tue.
12:30 P.M. Tue.
•1
1
11:59 P.7. 7)n.
11:59
12:33 P.M. Tue.
12:30 P.M. Tue.
1
1
K.C.
St.L.
11:59 P.7. Mon.
11:50 P.M. Mon.
8:05 A.V. Tue.
8:05 A.T: Tue.
1
1
Yon.
11:45
11:55 P.M. Mon.
8:05 A.M. Tue.
8:05 A.M. Tue.
1
1
11:05 A.V.
11:59 P.M. Yon.
11:58 A.M. Mon.
9:04 A.M. Tue.
0
1
11:59 P.M.
11:59 P.V. Yon.
9:04 A.M. Tue.
9:04 A.M. Tue.
1
1
K.C.
St.L.
8:15 A.M. Tue.
8:15 A.N. Tue.
C:05 P. T% Tue.
6:05 P.M. Tue.
2
2
11:59 P.M. non.
11:59 P.M. Mon.
6:05 P.Y. Tue,
6:05 P.M. Tue.
2
2
K.C.
St.L.
9:00 A.7. Tue.
- Tue.
10:26 A.M. Tue.
10:23 P.M. Tue.
1
1
4:05 P.M. Mon.
.
11:59 P.M. ::on
8:18 P.M. :!_on.
10:23 A.T. Tue.
1
1
K.C.
St.L.
.
6:55 A.- Tue.
A.M. Tue.
6:55
8:15 A.M. Tue.
8:15 A.V. Tue.
1
1
11:45 P.M. Mon.
5:15 P.1.%
6:11 A.V. Tue.
8:15 A.M. Tue.
1
1
Y.C.
St.L.
9:00 A.M. Tue,
11:00 A.M. Mon.
.
9:50 A.- Tue.
11:45 A.M. Mon.
1
0
4:05 P.M.
11:59 F.M. Men.
9:50 A.M. Tue.
11:45 A.M. Tue.
1
1
K.C.
St.L.
9:00 A.M. Tue.
9:00 A.M. Tue.
1:41 F.M. Tue.
1:41 P.M. Tue.
1
1
12:01 A.M. Tu,
"
6:30 P.M. :mr
1:09 P.M. Tue.
1:09 P.M. Tue.
1
1
K.C.
St.L.
8:15 A.7. Tue.
8:15 A.M. Tue.
11:23 A.M. Tue.
11:23 A.M. Tue.
1
1
7:30 p.M.. !:.on.
!
11:47 PJ..
8:15 A.M. Tue.
11:23 A.M. Tue.
1
1
10:16 A.M. Tue.
10:16 A.M. Tue.
1
1
Mon,
11:59
Mon.
11:59 P.M.
10:16 A.M. Tue.
10:18 A.M. Tue.
1
1
St.L.
8:30 A.M. Tue.
8:30 A.M. Tue.
Prineeton
K.C.
St.L.
9:50 A.M. Tue.' 12:25 P.M. Tue.
9:20 A.M. Tue. 12:30 P.M. Tue.
1
1
11:59 F.M.
11:59 P.M. Mon,
12:25 P.M. Tue.
12:30 P.M. Tue.
1
1
Richmond
K.C.
St.L.
9:00 A.M. Tue.
8:45 A.M. Tue.
10:30 A.M. Tue.
10:12 A.M. Tue.
1
1
11:59 P.M. Yon,
11:59 P.M. Yon.
10:30 A.M. Tue.
10:12 A.M. Tue.
1
1
K.C.
St.L.
8:15 A.M. Tue.
8:15 A.M. Tue.
6:50 P.M. Tue.
6:50 P.M. Tue.
2
2
11:59 F..% Yon.
1:15 p.M. Mor.,
Tue.
6:50
8:04 A.M. Tue.
2
x Ridgeway
SCHEDULE T,Y
ARiIVE DEST.
YeCo
Yon.
11:05
11:05 A.M. Mon.
St.L.
Lowry City
E.C.
c.
Ludlow
Mayview
Mercer
**
xx
xx
Montrose
Napoleon
New Hampton
Norborne
xX
*
DAYS
12:35 F.M. Yon.
12:35 P.M. Mon.
Xx
* Lexington
xx
NO.
LEAVE ST. LOT
OF TO I
xx
AR1r DL.
.21. S
1- -
LEAVE K.C.
Odessa
Orrick
Osceola
Fattons12urg
Polo
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
K.G.
St.L.
C.
K.
NO.
NAME OF TOM
SCHEDULE BY
Spickard
K.C.
St.L.
9:30 A.M. Tue.
9:20 A.77 . Tue.
.
Stockton
K.C.
St.L.
Tina
no.
110.
DAYS
DAYS
LEAVL ST. LOIXS
ARRIVE Dh.:T.
12:10 P.M. Tue.
11:56 A.M. Tue.
1
1
11:39 P.M. Mon.
11:59 P.M. MO.
12:10 P.M. Tue.
11:56 A.M. Tue.
1
1
10:58 P.M. Mon.
10:58 P.M. Tue.
6:45 A.M. Tue.
9:30 A.M.
1
1
12:01 A.M. Tue.
12:01 P.M. MOP.
9:30 A.M. Tue.
12:30 P.M. Tue.
1
1
K.C.
St.L.
11:00 A.M. Mon.
8:45 A.M. Mon.
4:12 F.7. Mon.
1:54 F.M. Eon.
1
1
4:05 P.M. Mon.
11:59 P.M. Mon.
1:54 P.M. Tue.
1:54 P.M. Tue.
1
1
Trenton
K.C.
9:30 A.M. Tue.
9:20 A.M. Tue.
11:50 A.M. Tue.
11:40 A.M. Tue.
1
1
11:59 P.M. Mon.
11:59 P.M. Mon.
11:45 A.M. Tue.
11:40 A.TM. Tue.
1
1
Urich
E.C.
St.L.
9:00 A.M. Tue.
9:00 A.M. Tue.
1:19 P.M. Tue.
1:19 P.M. Tue.
1
1
11:59 P.M. 'on.
11:59 P.M.
12:45 P.M. Tue.
1:19 F.M. Tue.
1
1
liArrensburg
K.C.
St.L.
1:00 P.r. Eon.
8:55 A.M. Tue.
2:49 P.M. Mon. ,
9:48 A.M. Tue.
1
11:59 P.M. Mon.
11:59 P.M. Mon.
10:00 A.M. Tue.
5:18 A.M. Tue.
1
1
K.C.
St.L.
11:05 A.M. Mon.
11:59 P.M. Mon.
12:06 P.M. Mon.
8:57 A.M. Tue.
1
11:59 P.M. Mon.
11:59 P.M- M.
8:57 A.M. Tue.
8:57 A.M. Tue.
1
1
Windsor
K.C.
St.L.
8:45 A.M. Tue.
8:50 A.M. Tue.
10:59 A.M. Tue.
11:04 A.M. Tue.
1
1
11:55 P.". ion.
8:30 A.M. Tue.
7:09 A.M. Tue.
2:30 P.M. Tue.
1
1
Winston
K.C.
St.L.
11:00 A.M. Yon.
11:50 1..V. Eon.
6:00 P.M. Yon.
8:13 A.'r. Tue.
1
1
5:15 P.M. 424.
5:15 P.M.
8:13 A.M. Tue.
8:13 A.M. Tue.
1
**
xX Wellington
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
LEAVE K.C.
ARRIVL DEST.
Schedules by St. Louis prepared by the Assistant Superintendent of the RailwaY YRil Service-Seventh Division
Indicates points to which shipments
hours the followinG morninc.
Indicates points to which shipments
following morning.
Indicates points to which shipments
hours of the same day.
** Indicates points to which shipments
trains from St. Louis.
x
may be made from St. Louis after 12:00
-rd arrive before banking
leave St. Louis after 5:00 P.M. and arrive before banking hours the
may be made from Kansas City after 10:00 A.M. and arrive during banking
en
point and returned on
from Kansas City must Le routed to a
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
::arch 16, 1938
!:emol.lArdum
r.
. Registered mail schedules fnr orrency ship-nents have been obtained
frnm the tiilway !"ai1
fnr s,- innerts from Yarsas City ard St.
T.1:2
_3 to Jr!
towns for wierl time slr,Pd.
.;les were T_reT:ared by
the ederal eserve "Ar*: of Y.'
-'s City, and sul.:!tted to r. hard
with their memorandum nf January 27, 1938.
The -eleral :('serve ""ank nf Vansas City sta*,nd in ti.eir me—rardum
that cur-eney s'5pments could le mr,de from Yansas City to thirty-seven
of tie T-Irts ! question peter 8:00
,-1
. ard arrive durin7 bankin:
Lrrirso' the sa-e day. The time rcedles sfr-w tnat tra:ns on 7
- ,hich
s- '7.ents are for:arded to thiLri::--five of .:ese points leave EInsas
City by or tef-- ro 9:45 A. "., art aF it is tne general rule of the
.
post office that r- -isters sould be deosited approxi,
nately one hour
before train time, the sr.ir-ents to such points rould have to be
placed in the Tost nffIce on tr- c previous day. TLis in s.
:hstantiated
Ly t}e Assistant Superintendent of the hallway ai1 .Service in his
letter of :.!arch 2, a copy cf whioh is Lttached, and who also indicates
that the delivery o" ,ur”encv to several :,o'rts. can be effected from
St. Youis
&r earller tna t?fln
YLnsas City.
curreney sri5 - -,ents 2rom the bankim, towns in quer—ion to Farsas
Citv ad St. 7ouis are infrequent no schedules have been obtained,
however, a ce,:cpr.srison of the schedules rrerared by the 7ederal Reserve
hank of va-sas City Krd those fur-Ished by the 7.ai1way Y.ail Service
have Leen TT.le of sin-erts forvrarded from Kansas City and St. Louis.
Ship-nents frnm St. ',olds Wrich are transferred or rerouted at }.ancas
City -,f,ve to t'e points of destination -ry the sane schedule as
shfrnents
in the pert off:ce at Ka,-,sas City, at approximately
the sane t::ne. Likewise in some ireences s1.17_--ents from Yarsas
Cty are for
-ar-le to Jo'fercon City and ret_rned to the destination
roints Ly the sane train w%ioh carries si:nments fro- St. -0'1i8*
,
I
IIth the excentiov, of the tree roints to
Kansas City car ship,
with sLecial
-o-errl the s--0 day, it is a-parsnt from
ot r earUPr deliver': of shirr,ents can be made whethe scied-les
fcr-,Jr"0 1 frrn -ansas
,
rater thafl rnm St. Louis.
ey :.erartment
NOP
Post Offict Dtpartinent
IN REPLY
REFER TO FILE
DIVISION OF RAILWAY MAIL SERVICE
PFR:ICS
OFFICE OF SUPERINTENDENT SEVENTH DIVISION
SAINT LOUIS. MO.
larch 2, 1938
Mr. A. H. Hain, Asst. Cashier, •
Federal leseree !elnh,
St. Louis, -o.
ry dear sir:
As per your request of January 29 I an Cory:Ili-dine herewith a
time table showne the dispatch and time of arrival for registered
mails for certain Missouri Post Offices fror St. Louis and from
Kansas City, Missouri.
In the Kansas City setup which you forwarded I note they indicate dispatches to early morning trains, evidently to sham superior service from the Kansas City gateway. In my inspections of the
different lines l have observed ehat very few registers originating
at these two torrinallhandled in the early morning trains show a
postmark of that day, most of them being sent to the fost Office
on the previous day.
For instance, they show registers can be sent out on Taoomington
& Kansas City train 20 (Chicare °: Alton) at 6:55 a.m. for Alma,
Corder, Hieginsville, Vayview and Odessa, Liissouri. Unless the Kansas City Federal eserve Banh is worhine on a 24-hour basis, I am of
the opinion reeisters for those offices are posted on the previous
evening. uy placing your nails in the St. Louis Post Office in time
for dispatch over Vissouri pacific train 19 departing at 5:1b p.m.
you can also connect C.
A. train 20 at Kansas City and get a
delivery at the same tine.
Reeistered mail for most of the smaller post offices in the
Kansas City territory are withheld from the night trains and sent
out the following morning, With the exception of C.
A. train 20,
all of these departing trains can be connected with registered mail
over ;t. Louis & Kansas City train 9 leaving St. Louis at 11:59 p.m.
However, it wotld be better if you would dispatch all your registered
mail for Kensas City connections to train 19 leaving at 5:15 p.m., as
occasionally train 9 runs late.
On the assumption that registered mails carried on the early
morning trains are mailed by Kansas City and St. Louis banks on the
previous evening, both shipments will arrive at the offices you have
listed at about the same hour. In several instances St. Louis has
the advanteee, mely, Osceola, Holden, Knobnoster, and rhrrensbure.
At one o- fice, Stockton, Eissouri, rogIsters from Kansas City are
delivered at 9:30 a.m., while the 8t. Louis shipment cannot arrive
until 12:30 p.m.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-2-
,;
I trust tha- this inforna7i0n will te of some value to you.
Sincerely yours,
sut
rintendent
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
410
IREC'D IN FILES SECTION
P4i4? 2 .1 19;).H
.
‘
1;1
12; n
I am continuing to hold the attached
file in accordance with your request but
the thought occurred to me that possibly
you might wish to have Mr. Millard's report
circulated amongamong the Board members.
L.S.M.
/
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Form F. R- 131
BOARD OF GOVERNORS
I
t
OF THE
FEDERAL RESERVE SYSTEM
Office Correspondence
To
MR. SMEAD
From
D
F ESIAETTON
MAR 2 4 192
2Ffibn21,3031
Datj
-
P. F. Leonard
Subject:
Attached is the letter from Mr. Millard, about which: Mr.
Paulger spoke to you, together with accompanying data regarding
the request of certain Missouri banks for transfer to the Kansas
City district.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
1
V1LE8 SECTI01;1
1REC'D
rin 41938
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM /
;'s
2
WAS
DIVISION
OF EXAMINATIONS
Atlanta, Georgia,
February 19, 1938.
Mr. Leo H. Paulger, Chief,
Division of Examinations,
Board of Governors of the Federal Reserve System,
Washington, D. C.
Dear Mr. Paulger:
There is enclosed a memorandum covering information developed in connection with a meeting held at Kansas City, Missouri, on January 27, 1938, by
representatives of banks which had previously petitioned for transfer from
the Eighth to the Tenth Federal Reserve District.
The text of the memorandum covers pages 1 to 16; pages 17 to 45 contain
various supporting schedules, newspaper clippings, and copies of correspondence
taken from the files of the Federal Reserve Bank of Kansas City; and information on pages 46 to 69 is all in connection with a comparative time schedule
covering collections of cash letters and shipments of currency from Kansas
City and St. Louis.
In order that the information in connection with the time schedule may be
detached in the event it should be of value to those who analyze the Board's
forms which were left with Mr. Hoefer for distribution, the memorandum in its
entirety has not been placed in a permanent binding.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Very truly yours,
Reserve Examiner.
1
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A
410
liaCEIVED
February 19
1FE
I
I3
1938
To:
Board of Governors of the
Federal Reserve System.
Date:
From:
E. R. Millard,
Federal Reserve Examiner.
WieithAMMA
Subject: ConfilMOMAN
Missouri, on January 27, 1938, with
representatives of banks located in
thirteen counties in western Missouri,
which petitioned for transfer from
the Eighth Federal Reserve District
to the Tenth Federal Reserve District.
The writer arrived in Kansas City, Missouri, on the morning of January 26,
1938, in order to review the files of the Federal Reserve Bank of Kansas City,
and to confer with officers of that bank before attendance at the scheduled
meeting to be held for the purpose of conveying to a representative of the
Board of Governors the views of the sixty-seven petitioning banks located in
the thirteen counties in western Missouri, which had previously petitioned
the Board of Governors for transfer from the Eighth to the Tenth Federal Reserve District.
On January 27, 1938, your examiner attended a luncheon and
meeting of the petitioning bankers which was held at the Hotel Baltimore in
Kansas City.
The day of January 28, 1938, was spent in St. Louis, Missouri,
in order that the views expressed by those who attended the meeting might be
conveyed to officers of the Federal Reserve Bank of St. Louis.
At the time the files of the Federal Reserve Bank of Kansas City concerning the petition were made available to your examiner, it was explained
by First Vice President Worthington that in the beginning, the Board of
Governors had requested the petitions be brought to the attention of the
directors and officers of the bank in order to furnish the Board of Governors
with a statement of their views with respect to the merits of the petitions.
consideration by
An initial draft was therefore prepared by the officers for
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Federal Reserve Bank of St. Louis
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the bank's directors and, according to Mr. Worthington, the officers' views
were regarded by the directors as being too partial to the interests of the
Kansas City reserve bank.
The final draft was therefore modified before it
was sent to the Board of Governors over the signature of President Hamilton.
The following quotation is an excerpt from the original draft and illustrates
the views of the officers in which the directors did not concur.
"We believe that the greatest merit of these petitions lies
in the fact that the petitioning banks are located in
territory which is naturally Kansas City trade territory,
and for that reason, rather than for any benefits which
might accrue to the territory comprising the thirteen
counties or the banks located therein, we feel that the
several petitions are worthy of the Board's consideration."
The files indicate that after the directors committed themselves to maintain
a more neutral position, a like policy has been carried out by the officers.
Mr. Worthington appears to have handled the correspondence in regard to the
petitions with those outside of the System, and the position taken is reflected in copies of letters and in a memorandum which appear on pages 33 to
35
. The files further indicate that considerable publicity has been given
to the petitions by Kansas City newspapers.
appear on pages 36 to 44.
Clippings from such newspapers
In this connection it is interesting to note that,
according to Mr. F. Guy Hitt, First Vice President of the Federal Reserve Bank
of St. Louis, who advised your examiner on the subject under date of January 29,
1938, the St. Louis press has not as yet given any publicity to the matter.
The files also contained a comparative time schedule covering the forwarding
by mail of transit letters and currency shipments from Kansas City and from
St. Louis.
memorandum.
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Federal Reserve Bank of St. Louis
This time schedule is coluriented upon in detail further on in this
3
Subsequent to a review of the files, discussions were held with President Hamilton, First Vice President Worthington, and Assistant Cashier Woolley,
the latter being in charge of the bank examination department.
None of these
officers appeared Particularly anxious to have the petitions ;,,cted upon
favorably, Mr. Hamilton's opinion being that little would be accomplished by
such an action other than to add but a comparatively small number of member
banks to the Tenth Federal Reserve District and increase annual dividends on
the Kansas City reserve bank's stock to the extent of approximately
2,100.00.
A list of member banks located in one or another of the thirteen petitioning
counties, together with a tabulation showing the deposits and the investments
of such banks in capital stock of the Federal Reserve Bank of St. Louis, may
be found on pages 23 and 24.
For convenient reference, a map also is attached
to this memorandum.
It was pointed out by Mr. Worthington that forty-six Missouri banks located
in the St. Louis district remit to Kansas City for St. Louis cash letters and
of that number, thirty-seven banks are located in one or another of the thirteen petitioning counties.
pages 25 and 26.
All of these thirty-seven banks are listed on
Although it would appear from the schedule that fifty Per cent
of the banks located in the petitioning area remit for cash letters in this
manner, an analysis made by the transit manager of the Federal Reserve Bank of
St. Louis indicates that a few of these banks remit only occasionally to
Kansas City.
In the schedule, the St. Louis transit manager's remarks are
quoted under the names of those banks which remit only occasionally in Kansas
City exchange.
in
Upon inquiry, Mr. Worthington stated that the Mr. Schunamen mentioned
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Federal Reserve Bank of St. Louis
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the copy of the Kansas City reserve bank's record of visitors, which appears
on page 35, is a field representative for the Union National Bank of Kansas
City, Missouri.
He was described as a good mixer, a tireless worker, a con-
fidant of all the petitioning bankers, and as one extremely interested in
s having the petitions acted upon favorably.
Subsequent contacts with Mr.
Schuneman by your examiner confirmed Mr. Worthington's views.
Mr. Woolley
gave your examiner the benefit of his knowledge of the general type of farming
operations carried on in the petitioning area and stated, in his opinion, Mr.
Schuneman was the motivating factor which gave rise to the circulating of the
petitions, his activities in this direction were looked upon with favor by the
institution which he represents, and that at least three other Kansas City
banks, the City National Bank and Trust Company, the Commerce Trust Company,
and the First National Bank, were in sympathy with the movement but did not
consider it advisable to participate actively in it.
Mr. Woolley's opinions
appear to be founded on facts, as will be noted from comments in the two
succeeding paragraphs.
Just prior to leaving the Reserve Bank to attend the luncheon and meeting
held on January 27, 1938, Mr. Schuneman, the field representative mentioned
above, called Mr. Worthington to advise that he, together with Jr. Fred R.
Duncan, President, Banking House of J. S. Hughes and Company, Richmond, Ray
County, Missouri, would call at the bank for the purpose of meetinr, the Board
of Governors' representative and of furnishing transportation to the hotel.
The invitation was accepted and afforded the opportunity to have a pleasant
ten or fifteen minute chat, principally with Mr. Schuneman who admitted to
your examiner that he and other representatives.of Kansas City banks had been
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Federal Reserve Bank of St. Louis
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behind thd movement for transferring the thirteen counties from the beginning,
and that in their opinion, the idea had merit.
Your examiner replied that he
admired the frankness of the statement and added that the scheduled meeting
was ostensibly being held to hear the merits of the case.
Mr. Sam H. Hoefer, formerly President of the Bankers Association of
Lafayette-Ray Counties, Missouri, inquired of your examiner if it was imperative that the meeting be private.
In view of the Board of Governor's position
in regard to preliminary arragements for the meeting, your examiner took the
position he was an observer who was present for the sole purpose of receiving
information pertinent to the petitions and of conveying such information to
the Board of Governors, and therefore the question was left to the discretion
of Mr. Hoefer, who forthwith invited Mr. A. A. Schuneman, Mr. F. B. Brady,
Vice President, Commerce Trust Company, and Mr. Lloyd Riggs, representing
Bank News, all of Kansas City, to attend the luncheon and the meeting.
Before
the meeting adjourned, Mr. J. S. Neely, Vice President, City National Bank end
Trust Company, Kansas City, as well as a reporter for the Kansas City Star,
were also in attendance.
It will be noted by referring to the schedule on pages 30 to 32 that eleven
of the thirteen petitioning counties were represented at the meeting, which is
approximately thirty-four per cent of the total number of banks and total amount
of bank deposits in the petitioning area.
The meeting was opened by Mr. Hoefer, who explained that the Association's
newly elected president, Mr. D. T. Zimmerman, who is also Chairman of the Board
and President of the Lawson Bank, Lawson, Ray County, Missouri, was vacationing
in New Orleans, Louisiana.
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Federal Reserve Bank of St. Louis
He gave a brief history of the developements leading
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up to the meeting and concluded his talk by pointing out that every representative present had traveled to Kansas City by automobile; that each had ample
time to transact business with a Kansas City correspondent bank prior to the
meeting; that each would be able to return home in time for evening dinner;
and, that to accomplish all this within one day's time with respect to St.
Louis, would not be possible either by automobile or by common carrier.
examiner was then introduced and was requested to address the meeting.
Your
He
stated it was the desire of the Board of Governors to obtain as much data as
possible concerning the petitioning banks as well as the areas which they
serve, and concluded by assuring those present that all information developed
at the meeting would be communicated to the Board of Governors fully, Pnd from
an unbiased viewpoint.
The meeting was conducted in an informal manner and,
in order to aid your examiner in readily identifying the areas served by the
various representatives who gave their views and reasons for the proposed
change, Mr. Hoefer called upon them by county groups and in the same order as
the counties involved in the petitions are listed in the various schedules
which form a part of this memorandum. During the meeting, every representative of a petitioning bank was called upon, end before the meeting adjourned
at least one, and in some cases as many as three representatives from each
county, with the exception of St. Clair County, had expressed their opinions.
In connection with St. Clair County, it will be noted by referring to
pages 32 and 28 that Mr. William C. Lucas from St. Clair County was present
at the meeting and represented two of the four nonpar banks which signed the
petitions.
The representative from St. Clair County was one of the last to
be called upon, and when he was requested by Mr. Hoefer to speak for his
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Federal Reserve Bank of St. Louis
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county, it was reported that a few monents prior to being called upon he had
retired, unannounced, from the meeting.
In view of the purpose for which the
meeting was held, it is perhaps needless to state that practically all information developed, as well as opinions expressed, were pro Kansas City.
One point which was stressed repeatedly during the meeting was that all
of those present had the highest regard for those officers of the Federal Reserve Bank of St. Louis with whom they were acquainted, and it was stated
many times that the position taken against the St. Louis reserve bank by the
thirteen petitioning counties was based entirely upon Kansas City having an
advantage over St. Louis with respect to distance, flow of trade, and the
element of time involved in the collection of checks.
As mentioned above,
Mr. Hoefer referred to the relative distances of Kansas City and of St. Louis
from the petitioning counties in his opening remarks, and this point was amplified by each succeeding speaker.
Your examiner was informed that the entire
petitioning area is devoted almost exclusively to agriculture, with corn comprising the principal crop. Small grains are also grown to a limited extent,
largely for local consumption.
In the most northern counties there is
generally a surplus of corn and, according to those representing such counties
as Mercer and Daviess, practically all of this is shipped to Kansas City
elevators, although it was admitted that occasionally a few cars are routed
to St. Louis.
As a natural consequence of corn being the principal crop,
cattle feeding is carried on extensively throughout the area and is said to be
the principal agricultural activity.
most exclusively in Kansas City.
Stockers and feeders are purchased al-
Fat cattle are marketed chiefly in Kansas
City with small percentages being shipped to St. Joseph, St. Louis and Chicago.
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Federal Reserve Bank of St. Louis
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It was pointed out that a large portion of cattle sold in Kansas City and in
St. Joseph could be conveyed by truck to those markets, whereas in the case
of St. Louis and Chicago, shipments by rail were necessary due to the distances
involved.
(According to an estimate obtained by Assistant Cashier Woolley
from an unbiased source, the percentar:es of cattle fed in this area and sold in
the Kansas City, St. Joseph, St. Louis, and Chicago markets are approximately
60%, 15%, 15%, and 10% respectively.)
The feeding of lambs and the raising of hogs
also form a part of the activities of the area and, although these too are
said to be marketed principally in Kansas City, the volume is small in comparison with the amount of cattle fed.
One of the representatives from Ray
County stated that a considerable portion of the southern half of that county
is devoted to the growing of potatoes, practically all of which are sold to
Kansas City commission houses, and it was stated by those representing Johnson,
Henry, and Cedar counties that in addition to cattle feeding, dairying was
carried on to a considerable extent.
From the foregoing it will be noted, according to the representatives of
the petitioning banks, that the natural flow of trade is toward Kansas City
rather than St. Louis, resulting in a greater proportion of out of town
transactions between their banks and Kansas City banks.
Several of the bankers
complained about the time consumed in collecting out of town checks due to
affiliation with the Eighth District, and two or three of those present cited
instances to prove the point.
In view of the fact, as shown on page 29, that
the ratio of correspondent bank accounts carried in Kansas City to those
carried in St. Louis, including National Stock Yards, Illinois, is approximately
1/
2- 2 to 1, it was suggested by your examiner that it might be advantageous to
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Federal Reserve Bank of St. Louis
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those banks having no St. Louis correspondent, to give consideration to the
t
opening of a nonmember clearing account with the Federal Reserve Bank of St.
Louis.
The suggestion was accepted without comment except in the case of one
individual who stated that some time Ego his bank contemplated such a move but
abandoned the idea because too much red tape was involved in the establishment
of such an account.
In order to illustrate the superiority of Kansas City as a collecting
point for the petitioning area, a representative from Lafayette County related
the manner in which his bank recently elected to collect with all possible
dispatch, a $10,000 item drawn on a bank in Indianapolis, Indiana.
It was ex-
plained that had the check been forwarded to St. Louis it would have arrived
at that city on the following morning, which procedure would probably insure
payment in Indianapolis on the second business day.
Instead, the bank took the
check to its Kansas City correspondent, an hour's drive by auto, and, by having
that correspondent forward the check by air mail to Indianapolis, payment was
effected on the following morning, thereby saving one full day's time.
A banker from Daviess County stated that his bank had recently certified
by telephone, a sight draft which was given by one of his bank's clients to a
firm in Kansas City for payment of sheep.
Since the draft was routed for
collection via St. Louis, the sheep arrived at destination prior to the draft
and, because several of the sheep were sick, the purchaser wished to return them
and to stop payment on the draft.
When the bank informed its client that the
certification by telephone was regarded as binding, the client threatened to
take bankruptcy before the draft arrived and the bank was faced with the
possibility of a $1,600 loss.
transaction.
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Federal Reserve Bank of St. Louis
Your examiner made no comment concerning the
10
In regard to collection facilities of the Eighth District, Mr. J. T.
Robbins, Cashier, Princeton State Bank, Princeton, Mercer County, Missouri,
read certain criticisms from a memorandum which he had prepared on one of his
.balik's letterheads.
Since the memorandum contained several items of detail,
Mr. Robbins was kind enough to sign the memorandum and present it to your
examiner, a copy of which may be found on page 45.
Mr. S. K. Van Trump, Cashier, First National Bank, Cowgill, Caldwell
County, Missouri, reported his bank had recently experienced considerable delay in receiving currency ordered from the Federal Reserve Bank of St. Louis,
and Mr. Fred Wightman, Cashier, First National Bank, Braymer, which is also
located in Caldwell County, stated that in the past his bank has experienced
the same difficulty.
On the day following the meeting, your examiner reported
these exceptions to Vice President Wood of the Federal Reserve Bank of St. Louis
and, as will be noted from
r. Wood's letter of January 31, 1938, a copy of
which appears on page 65, your examiner will be advised of the Reserve Bank's
findings as soon as these experiences have been investigated.
The two National banks mentioned in the preceding paragraph were the only
member banks represented at the meeting.
With respect to these two National
banks, your examiner inquired as to whether or not consideration hPid been given
to a change in supervision which would result if the thirteen petitioning
counties were allocated to the Tenth District.
Both bankers stated that, al-
though their relations with the Chief National Bank Examiner at St. Louis had
always been most pleasant, such a change would be inconsequential to them.
At this point, Mr. Hoefer stated that several of the member banks which
signed the petition felt that their attendance at the meeting would be an
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indication of dissatisfaction with the management of the Federal Reserve Bank
of St. Louis and for that reason, they deemed it unwise to attend.
Your ex-
aminer requested that regrets be extended to these members for their nonattendance since the Board of Governors was always anxious to receive constructive comments from member banks relative to means of improving the System's
facilities.
The last petitioning banker to speak was Mr. T. L. Mann, President,
Lexington Savings and Trust Company, Lexington, Lafayette County, Missouri,
who apparently is very active in the Lafayette-Ray County Bankers Association,
and who appeared to be regarded by those present as one of the leaders in the
movement for transfer.
In addition to stating Lafayette County held second
place among the counties of Missouri in the production of wheat, all of which
was shipped to Kansas City, Mr. Mann particularly stressed the rapid growth
of Kansas City as a comuiercial and financial center.
He further stated that
the present close alliance of the petitioning counties with Kansas City would
become even more pronounced with the passing of time and therefore, Kansas City
bankers would continue to have a more sympathetic understanding of their
problems than bankers located in St. Louis.
He concluded by saying he felt the
same would hold true, within the next three to five years, with respect to
officials of the Kansas City reserve bank.
Your examiner could not keep from
wondering if Mr. Mann was alluding to July 1, 1942, the date after which insured nonmember banks with average deposits of $1,000,000 or more will be
required to join the System.
In this connection, and in view of steadily in-
creasing bank deposits within recent years, it will be noted by referring to
pages 17 to 21 that eight nonmember banks with deposits of over ,t'p600,000 signed
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Federal Reserve Bank of St. Louis
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the petitions and, as shown on page 27, three of this number are considered
at this time by the Federal Reserve Bank of St. Louis as prospects for membership in the System.
After Mr. Mann had concluded, Mr. Hoefer remarked that in view of the
interest which Kansas City bankers had displayed in the petition, he considered
it apropos to hear from one of their number, whereupon Mr. F. B. Brady, Vice
President, Commerce Trust Company, Kansas City, was called upon to address the
meeting.
Mr. Brady stated he had been following the meeting with a keen interest
and, in his opinion, the information given by those present reflected a true
picture of the actual situation.
He further stated that for some time, Kansas
City banks had experienced trouble in collecting items in the thirteen counties,
that Kansas City banks were striving constantly to improve their check collection services, and that direct sendings were voluminous to say the least.
In
view of Mr. Brady's remarks, it would appear the Kansas City reserve bank's
long standing policy of absorbing postage on direct sendirws, together with
the possibility of a discontinuance of that policy, constitutes one of the
principal reasons for Kansas City banks endeavoring to have as many Missouri
counties as possible transferred to the Tenth District.
For detailed comments
concerning the absorption of postage charges on direct sendings, reference
is made to pages C-40 and C-41 of the report of examination of the Federal Reserve Bank of Kansas City, dated February 27, 1937.
•
At the close of the meeting, the Board's analysis forms covering cash
letters as well as currency and coin shipments were discussed with those present
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Federal Reserve Bank of St. Louis
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and were then handed to Mr. Hoefer who promised to distribute, follow up,
collect, and forward them to the Board of Governors as soon as possible.
After
your examiner was assured that to visit any banks not represented would contribute no further information, the meeting adjourned.
In order that the Federal Reserve Bank of St. Louis might be informed of
the attitude of the petitioning bankers, the day of January 28, 1938, was
spent in St. Louis, Missouri.
The meeting was discussed with First Vice
President Hitt, Vice President Wood, and Chief Examiner Peterson.
Mr. Wood
was particularly interested in the comparative time schedule which may be
found on pages 46 to 51, and which was compiled by the Kansas City reserve bank.
At his request, and in the interest of fairness toward both Reserve Banks
interested in the petitions, a copy of the schedule was temporarily left with
Mr. Wood for analysis.
Copies of all correspondence subsequently exchanged
between Mr. Wood and your examiner are shown on pages 52 to 69, and all discrepancies pointed out by Mr. Wood have been interlined in red ink on the
comparative time schedule.
It will be noted by referring to.this correspondence
that the St. Louis reserve bank, through the early dispatching of letters to
certain points and by frequent analysis of train schedules, is doing its utmost
to serve the thirteen petitioning counties in the most efficient manner possible.
On the basis of the corrected time schedule, there are seven towns which are
two day points from Kansas City but which are three day points from St. Louis.
Names and locations of these towns, together with banks located therein, are
shown on the following page.
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Federal Reserve Bank of St. Louis
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Two day points from Kansas City but three day joints from St. Louis
Names of counties, towns, and banks therein
Harrison County
Bethany
Blythed'ale
New Hampton
Ridgeway
-
Bethany Trust Company
First National Bank
Citizens Bank
First State Bank
The Farmers National Bank
Grundy County
Galt
Laredo
-
Cook and Vencill Bank
Citizens Bank
Johnson County
Knobnoster
-
Deposits
The Bank of Knob Noster
The Peoples State Bank
$
325,000
788,000
87,000
155,000
155,000
112,000
64,000
(nonpar)
164,000
89,000
$1,939,000
As reflected in the following tabulation, the time schedule shows seven towns
to which currency shipped from Kansas City on or after 11:00 A. M., will arrive
at destination within banking hours of the same day.
This is not possible in
any case where such shipments are made from St. Louis.
Towns to which currency shipped from Kansas City
will arrive during banking hours of the same day
Names of counties and towns
located therein
Number
of banks
in town
From Kansas City
Arrive
Leave
From St. Louis
Arrive
Leave
Livingston County
Chillicothe
1
11:00 AM
2:15 PM
5:15 PM
11:13 AM
Lafayette County
LexinRton
Napoleon
Wellington
2
1
1
11:05 AM
11:05 AM
11:05 AM
12:35 PM
11:58 AM
12:06 PL
11:59 PM
11:59 PM
11:59 PM
9:00 AM
9:04 AM
8:57 AM
Johnson County
Holden
Knobnoster
Warrensburg
2
2
2
1:00 PM
1:00 PM
1:00 PM
2:25 PM
2:50 PM
2:40 PM
5:15 PM
11:59 PM
11:59 PM
9:45 AM
10:15 AM
10:00 AM
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Federal Reserve Bank of St. Louis
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15
Shawn below, but of less importance at this time, are eight points from
which one full day's time can be saved on currency shipped to Kansas City as
It
compared with shipments to St. Louis.
Towns from which one full day's time can be saved
on currency shipments to Kansas City as compared with St. Louis
Names of counties and towns
located therein
Number of
banks in town
Harrison County
New Hampton
Ridgeway
1
1
Mercer County
Mercer
Princeton
1
2
Daviess County
Coffey
1
Grundy County
Spickard
Trenton
Urich
2
2
1
11
It will be noted from the three foregoing tabulations, and by reference to the
map attached to this memorandum, that facilities from Kansas City are superior
to St. Louis with respect to seven counties and of this number, five counties
are located in the northermost part of the area involved in the petition.
It is
appreciated, of course, that after the Board's transit and currency forms, which
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were left with Mr. Hoefer for distribution among the petitioning banks, are
analyzed, the relative importance of any advantage which Kansas City appears to
have over St. Louis may be minimized to a considerable degree.
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Federal Reserve Bank of St. Louis
Respectfully submitted,
E. R.
rd
Federal Reserve Examiner
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17
List of towns having banks in the thirteen counties
which petitioned for transfer from the Eighth to the Tenth
Federal Reserve districts
Nat'l.
banks
State
member
banks
Nonmember
banks
Total
Deposits
Harrison County
Simers
Bethany
1
1
1
1
1
1
1
325,000
788,000
87,000
146,000
82,000
155,000
4
7
$ 1,738,000
1
1
1
1
1
1
$
122,000
213,000
243,000
3
Blythedale
Cainesville
Gilman City
New Hampton
Ridgeway
Bethany Trust Co.
First National Bank
Citizens Bank
First National Bk. of
Farmers Bank
First State Bank
The Farmers Nat'l. Bk.
3
6
578,000
$
1
1
1
1
1
1
1
1
1
105,000
116,000
401,000
182,000
133,000
84,000
5
6
$ 1,021,000
1
1
1
1
1
1
1
ONIMID
3
155_,000
Nonsigners
None
Mercer County
Signers
Mercer
Princeton
.••••weemem.
Peoples Bank of
Farmers State Bank
Princeton State Bank
1•11/1.
Nonsigners
None
Daviess County
Sigpers
Coffey
Gallatin
Jamesport
Pattonsburg
Winston
Bank of Coffey
Bank of Gallatin
First National Bank
Home Exchange Bank
First State Bank
Winston Bank
1
1
1
1
Nonsiqiers
None
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List of towns having banks in the thirteen counties
which petitioned for transfer from the Eighth to the Tenth
Federal Reserve districts
Nat'l.
banks
State
member
banks
Nonmember
banks
Total
Deposits
Grundy County
Signers
Galt
Laredo
Spickard
Trenton
Cook & Vencill Bank
Citizens Bank
Bank of Spickardsville
Peoples State Bank
Trenton National Bank
Trenton Trust Co.
1
1
1
1
$
1
1
1
1
1
1
1
5
6
4 2,218,000
$
1
1
1
1
1
1
2
4
1
1
1
A
40
1
2
4
1
$ 1,651,000
1
aim.=
1
IMMO
112,000
64,000
63,000
147,000
1,208,000
624,000
Nonsigners
None
Caldwell County
Signers
Braymer
Cowgill
Hamilton
Polo
The First Nat'l. Bk.
First Nat'l. Bk. in
First Bk. & Tr. Co.
Farmers Bank of
1
1
..nm•
2
301,000
116,000
619,000
217,000
1,253,000
Nonsigners
None
Livingston County
Signers
Dawn
Ludlow
Community Bank
Ludlow National Bank
1
1
Nonsigners
Chillicothe
Citizens Nat'l. Bk.
1
104,000
282,000
386j000
Ray County
Signers
Lawson
Orrick
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Federal Reserve Bank of St. Louis
Lawson Bank
Bank of Orrick
Citizens Exchange Bk.
1
1
1
1
$
1
1
106,000
112,000
172,000
19
•
List of towns having banks in the thirteen counties
which petitioned for transfer from the Eighth to the Tenth
Federal Reserve districts
Nat'l,
banks
State
member
banks
Nonmember'
banks
Total
Deposits
Ray County (continued)
Signers
Richmond
Banking House of 1.S.
Hughes & Co.
Exchange Bank of
_
_
1
1
_
—
_
5
—
5
(ni 1,945,000
;
1
1
1
$
1
1
_
$
650,000
905,000
Nonsigners
None
Carroll County
Signers
Bogard
Bosworth
Carrollton
Hale
Norborne
Tina
The Farmers Bank of
1
First National Bank
Carroll County Tr.Co.
Farmers & Merchants Bk.
Citizens Bank of
Bank of Tina
1
1
1
Nonsigners
Carrollton
De Witt
First National Bank
Peoples Bank
4
6
$ 2,277,000
1
1
$
1
1
2
1
1
1
1
1
1
1
1
1
1
1
1
1
31
1
1
••••••
1
1
1
1
1
62,000
178,000
1,573,000
117,000
253,000
94,000
1
1
1
756,000
51,000
807,000
Lafayette County
Signers
Alma
Concordia
Corder
Higginsville
Lexington
Mayview
Napoleon
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Alma Bank
Concordia Bank
The Corder Bank
Bank of Higginsville
Commercial Bk. of
Lexington Say. Tr. Co.
Farmers Bank of
Napoleon Bank
it
)
113,000
187,000
200,000
975,000
1,258,000
821,000
75,000
82,000
20
411
List of towns having banks in the thirteen counties
which petitioned for transfer from the Eighth to the Tenth
Federal Reserve districts
Nat'l,
banks
State
member
banks
Nonmember
banks
Total
Deposits
Lafayette County (continued)
Signers
Odessa
Wellington
=MOD
MMOP
1
1
1
1
10
Bank of Odessa
Wellington Bank
10
1
1
1
1
1
1
1
1
$
702,000
316,000
$ 4,729,000
IMMIM
Nonsigners
None
Johnson County
Signers
Holden
Knobnoster
Leeton
Warrensburg
Bank of Holden
Farmers & Com'l. Bk.
The Bk. of Knob Noster
The Peoples State Bk.
Bank of Leeton
Citizens Bank
6
Nonsigners
Warrensburg
Peoples Nat'l. Bk.
1
6
$ 1,780,000
1
•MENO
1
1
1
241,000
345,000
164,000
89,000
146,000
795,000
882,000
$
1
=OM
Henry County
Signers
Blairstawn
Brownington
Calhoun
Deepwater
Montrose
Urich
Windsor
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Federal Reserve Bank of St. Louis
1
1
1
1
1
1
1
7
Nonsigners
Clinton
1
1
1
1
1
1
1
Farmers Bank of
State Bank of
Citizens State Bk. of
Farmers Bank of
Montrose Savings Bk.
Bank of Urich
Citizens Bank of
7
$
150,000
112,000
181,000
94,000
121,000
246,000
310,000
•••••
Union State Bank
1
1
1,214,000
$
887,000
21
List of towns having banks in the thirteen counties
which petitioned for transfer from the Eighth to the Tenth
Federal Reserve districts
Total
1
1
1
1
3
State
member
banks
Nonmember
banks
1
1
Nat'l.
banks
3
$
905,000
1
1
1
1
A
iP
200,000
564,000
Deposits
St. Clair County
Signers
---,--Appleton City
Lowry City
Osceola
Citizens Bank
Lowry City Bank
Johnson-Lucas Banking
Company
--
—
$
397,000
149,000
359,000
Nonsigners
None
Cedar County
Signers
Eldorado
Springs
Stockton
Tr -County State
Bank
Sac River Valley Bk.
__
__
764,000
2
IMMO
Nonsigners
None
12
===
2
58
==
72
:25,035,000
Bank deposits shown throughout the memorandum were obtained from the final 1937
edition of the Rand McNally Bankers Directory.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
List of towns having banks in the thirteen counties
which petitioned for transfer from the Eighth to the Tenth
Federal Reserve districts
No.of
hank
towns
Name
Ailk Harrison
WMercer
Daviess
Grundy
Caldwell
Livingston
Ray
Carroll
Lafayette
Johnson
Henry
St. Clair
Cedar
No.of
bank
towns
having
signers
6
6
2
2
5
5
4
4
4 (b)
4
3
2
3
3
7 (c)
6
9
9
4
4
8
7
3
3
2
2
No
bank
towns
having
nonsigners
1
1
1
-
No.of
nonsigning
banks
Nat'l.
banks
Sipers of petition
State
Nonmembers members
Total
DepoSits
F.R.B.
stock
Livingston
410r-lir Carroll
Johnson
Henry
57
3
3
1
1
2
1
1
-
1
-
4
3
5
5
2(b)
1
5
4 (c)
10
6
7
3
7
$ 1,738,000
$ 3,700
3
578,000
6
1,021,000
1,700
6
2,218,000
3,450
4(b)
1,253,000 (b)
3,450
2
386,000
900
5
1,945,000
6 (c)
2,277,000 (c)
5,900
10
4,729,000
6
1,780,000
7
1,214,000
3
905,000
764,000
5 (a)
9
1
57
67
$20,808,000
$19,100
1
1
1
_
1
1
1
2
1
1
$ 1,651,000
807,000
882,000
887,000
$ 6,000
3,000
3,550
2s750
3
60
1
2
1
1
1
1
5
—
$ 4,227,000
$15,300
2
58
72
425,035,000
$34,400
-
12
•••••••
(b)
(c)
.•=1=.•
.......••••
.mm•
Includes the First Bank and Trust Company, Hamilton, Mo., which is listed as having $619,000
in deposits
and which closed on July 26, 1937. Hamilton, Missouri is now a nonbank town.
Includes the Peoples Bank, De Witt, Mo., which is reported as having moved to Chariton County,
Missouri,
De Witt is now a nonbank town.
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Federal Reserve Bank of St. Louis
r-‘)
23
•
•
Member banks located in the thirteen petitioning counties
Deposits
Federal Reserve
Bank stock
Harrison County
Signers
Bethany
Cainesville
Ridgeway
- First National Bank
- First National Bank of
- The Farmers National Bank
788,000
146,000
155,000
$ 1,750
1,200
750
401,000
1,700
1,208,000
3,450
301,000
116,000
2,350
1,100
282,000
900
1,651,000
6,000
178,000
1,573,000
2,100
3,800
$
Daviess County
Signers
Gallatin
- First National Bank
Grundy County
Signers
Trenton
-
Trenton National Bank (a)
Caldwell County
Signers
Braymer
Cowgill
- The First National Bank
- First National Bank in
Livingston County
Signers
Ludlow
- Ludlow National Bank
Nonsigners
Chillicothe
-
Maml•••••••••••••m
,
Citizens National Bank
Carroll County
Signers
Bosworth
Carrollton
- First National Bank
- Carroll County Trust Co.
Nonsigners
Carrollton
- First National Bank
756,000
3,000
- Peoples National Bank
882,000
3,550
Johnson County
Nonsigners
Warrensburg
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Federal Reserve Bank of St. Louis
24
Member banks located in the thirteen_petitionin5 counties
Deposits
Federal Reserve
Bank stock
Henry County
Nonsigners
Clinton
- Union State Bank
887,000
0 2,750
$9 324,000
)
034,400
10
4
$5,148,000
4,176,000
419,100
15,300
14
$9,324,000
034,400
1,
Number
Members who signed petitions
Members who did not sign petitions
157 Files
-
of Federal Reserve Bank of St. Louis contain a copy of a letter from this
bank, dated July 24, 1937, and signed by W. E. Morris, Cashier, which was
sent to the Chief National Bank Examiner in St. Louis. The letter indicates
that when the petition was signed consideration had not been given to a
change in supervision and with that in view it was stated "For this reason
I shall be very glad to retract that part of the petition affecting this
bank."
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Federal Reserve Bank of St. Louis
•
•
25
Banks located in the thirteen petitioning counties and
which,according to the records of the Federal Reserve Bank
of Kansas City, remit to Kansas City for St. Louis cash letters
The remarks which are enclosed in parentheses under certain banks listed below
are quotations from an analysis prepared by the manager of the transit department of the Federal Reserve Bank of St. Louis.
Name of county and location and
name of remitting bank
Banks in county
Total
Total amount
number
of deposits
Banks in county which
remit to Kansas City
Total
Total amount
number
of deposits
Harrison County
7
$ 1,738,000
5
$ 1,437,000
Bethany
- Bethany Trust Co.
First Nat'l. Bk.
("---remits approximately one-half time in Kansas City
exchange, and on the remainder of the remittances
authorizes us to charge its reserve account")
Blythedale - Citizens Bank
Gilman City - Farmers Bank
New Hampton - First State Bank
Mercer County
Mercer
- Peoples Bank
Princeton
- Farmers State Bank
Princeton State Bank
3
578,000
3
578,000
Daviess County
Coffey
Gallatin
Jamesport
Winston
6
1,021,000
4
487,000
Bank of Coffey
Bank of Gallatin
Home Exchange Bank
Winston Bank
2,218,000
4
2,091,000
6
Grundy County
- Cook and Vencill Bk.
Galt
- Peoples State Bank
Spickard
- Trenton Nat'l. Bank
Trenton
("---remits only rarely in Kansas City exchange, the
majority of its remittances being in the form of drafts
drawn on its St. Louis correspondent, and it also
occasionally remits to the Federal Reserve Bank of
Chicago")
Trenton Trust Co.
Caldwell County
- The First Nat'l. Bk.
Braymer
- First Nat'l. Bk. in
Cowgill
- Farmers Bank
Polo
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Federal Reserve Bank of St. Louis
3
a)
634,000 (a)
3
634,000
•
26
Banks located in the thirteen petitioning counties and
which, according to the records of the Federal Reserve Bank
of Kansas City,remit to Kansas City for St. Louis cash letters
Name of county and location and
name of remitting bank
Banks in county
Total
Total amount
number
of deposits
Banks in county which
remit to Kansas City
Total amount
Total
number
of deposits
Livingston County
None
3
$ 2,037,000
Ray County
Lawson
Richmond
5
1,945,000
2
$1,011,000
7 (b)
3,033,000 (b)
3
334,000
- Lawson Bank
- Exchange Bank of
Carroll County
Bogard
- The Farmers Bank of
Bosworth
- First National Bank
Tina
- Bank of Tina
2,453,000
4,729,000
7
Lafayette County
10
Alma
- Alma Bank
Concordia
- Concordia Bank
Corder
- Corder Bank
Higginsville- Bank of Higginsville
("---remits only rarely in Kansas City exchange, by far the
greater part of its remittances being in the form of drafts drawn
on its St. Louis correspondent")
Lexington
-Lexington Savings Tr. Co.
Mayview
- Farmers Bank of
Napoleon
- Napoleon Bank
Johnson County
- Bank of Leeton
Leeton
Henry County
Blairstown
Deepwater
Urich
7
2,662,000
1
146,000
490,000
2,101,000
3
8
- Farmers Bank
- Farmers Bank of
- Bank of Urich
("---remits only rarely in Kansas City exchange, by far the
greater part of its remittances being in the form of drafts
drawn on its St. Louis correspondent")
St. Clair County
None
3
905,000
764;000
Cedar County
None
70
===
$24,365,000
35
$966l,000
not include the First Bank and Trust Company, Hamilton, Missouri, which
closed on July 26, 1937.
Does not include the Peoples Bank, De Witt, Missouri, which is reported as having
(b)
moved to Chariton County, Missouri.
/7— Does
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Federal Reserve Bank of St. Louis
27
Nonmember banks located in the thirteen
petitioning counties whose condition is such
that they are consideredby the Federal Reserve Bank of
St. Louis as prospects for membership in the Federal Reserve System
Name of county and location
and name of bank
Population
Harrison County
- Bethany Trust Co.
Bethany
Capital
Surplus
undivided
profits,
and reserves
Deposits
2,209
$ 50,000
$ 15,000
$325,000
Daviess County
- Home Exchange Bank (a)
Iamesport
839
20,000
17,000
182,000
Caldwell County
- Farmers Bank of Polo
Polo
584
26,000
12,000
217,000
Lafayette County
Concordia
- Concordia Bank
1,140
Corder
- The Corder Bank
610
Lexington
- Commercial Bank of
4,595
Lexington Savings Tr.Co.
25,000
30,000
75,000
50,000
17,000
40,000
122,000
35,000
187,000
200,000
1,258,000
821,000
Johnson County
Warrensburg - Citizens Bank
5,146
100,000
137,000
795,000
St. Clair County
- Johnson-Lucas Banking
Osceola
Company (b)
1,043
15,000
20,000
359,000
IV- Present capital
does not meet requirements.
(b) Present capital does not meet requirements and in addition, bank has been off the
par list since February 3, 1937.
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Federal Reserve Bank of St. Louis
28
Nonpar banks located in the thirteen petitioning counties
Deposits
Grundy County
Laredo
Citizens Bank
St. Clair County
Lowry City
Lowry City Bank
Osceola
Johnson-Lucas Banking Co.
Cedar County
Eldorado Springs
Tr -County State Bank
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Date retired
from par list
$ 64,000
1-15-37
149,000
6-30-36
359,000
2- 3-37
200,000
10-21-35
$772t000
29
Principal locations of correspondent banks
Name of County
No. of
banks in
county
Number of accounts carried at
National
St. Louis Stock Yards Kansas City St. Josezh
Harrison
7
-
-
6
9
Mercer
3
-
-
4
1
Daviess
6
-
1
8
6
Grundy
6
2
-
6
1
Caldwell
4
-
-
6
_
Livingston
3
-
1
4
2
Ray
5
4
-
10
-
Carroll
8
4
2
12
-
10
8
-
15
-
Johnson
7
5
4
10
-
Henry
8
4
3
11
-
St. Clair
3
1
1
4
-
Cedar
2
—
-
2
_
28
===
12
Lafayette
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Federal Reserve Bank of St. Louis
98
•••.11101•1..
19
•
30
Banks which were represented at meeting
held at Hotel Baltimore in Kansas City, Mo.,
on January 27, 1938
There being no secretary for the meeting, all present were asked by Mr. Hoefer, at
the request of your examiner, to inscribe their names and the name of the bank or
banks they represented, on a pad which was circulated among the petitioning bankers.
The completed list tallied with a count of the representatives present and constitutes the basis for the tabulation below.
Name of county, bank
represented, and
representative
Number of
banks in
county
Total bank
deposits
in county (a)
Number
of banks
represented
at meeting
Amount
of deposits
represented
at meeting (a)
Harrison County
Not represented
7
:; 1,738,000
4
Mercer County
Princeton State Bank,
Princetcn, Mo.
J. T. Robbins, Cashier.
3
578,000
1
Daviess County
Bank of Coffey,
Coffey, Mo.
W. H. Fullington, Cashier.
6
1,021,000
4
536,000
Grundy County
Not represented
6
2,218,000
Caldwell County
First National Bank,
Braymer, Mo.
Fred Wightman, Cashier.
3 (b)
3
634,000
$
243,000
Bank of Gallatin,
Gallatin, Mo.
R. B. Wade, Ass't. Cashier.
Home Exchange Bank,
Jamesport, Mo.
A. V. Spillman, President.
First State Bank,
Pattonsburg, Mo.
C. 0. Minter, Cashier
First National Bank,
Cowgill, Mo.
S. K. Van Trump, Cashier.
Farmers Bank of Polo,
Polo, Mo.
Ear] R. Houser, Vice President.
J. Grimes Withers, Cashier.
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Federal Reserve Bank of St. Louis
634,000 (b)
31
411
411
Banks which were represented at meeting
held at Hotel Baltimore in Kansas City, Mo.,
on January 27, 1938
Name of county, bank
represented, end
representative
Number of
banks in
county
Total bank
deposits
in county (a)
Number
of banks
represented
at meeting
Amount
of deposits
represented
at meeting (a)
Livingston County
Ludlow National Bank,
Ludlow, Mo.
Represented by Fred Wightman
who also represented the
First National Bank, Braymer,
Caldwell County, Mo.
3
t 2,037,000
1
282,000
Ray County
Bank of Orrick,
Orrick, Mo.
P. G. Williams, Ass't. Cashier.
5
1,945,000
4
1,839,000
7 (c)
3,033,000 (c)
1
253,000
4,729,000
4
3,241,000
Citizens Exchange Bank,
Orrick, Mo.
O. T. Brady, Cashier.
Banking House of
J. S. Hughes & Co.,
Richmond, Mo.
Fred R. Duncan, President
Exchange Bank,
Richmond, Mo.
Represented by Fred R.
Duncan who also represented
Banking House of J. S. Hughes
& Co., Richmond, Mo.
Carroll County
Citizens Bank of Norborne,
Norborne, Mo.
J. E. McNabb (No title given)
Lafayette County
Concordia Bank,
Concordia, Mo.
J. A. Sieman, President
Bank of Higginsville,
Higginsville, MO.
Sam H. Reefer (Not an officer)
Co, mercial Bank of Lexington,
Lexington, Mo.
R. F. Jackson, Cashier.
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Federal Reserve Bank of St. Louis
10
•
32
•
Banks which were represented at meeting
held at Hotel Baltimore in Kansas City, Mo.,
on January 27, 1938
Name of county, bank
represented, and
representative
Number of
banks in
county
Total bank
deposits
in county (a)
Number
of banks
represented
at meetin
Amount
of deposits
represented
at meeting (a)
Lafayette County (continued)
Lexington Savings Tr. Co.,
Lexington, Mo.
J. L. Mann, President.
7
$ 2,662,000
2
586,000
Henry County
Farmers Bank of Blairstown,
Blairstown, Mo.
H. C. Whitaker, Cashier.
8
2,101,000
1
150,000
St. Clair County
Lowry City Bank, (nonpar)
Lowry.City, MD.
WM. C. Lucas, Vice President.
3
905,000
2
508,000
764,000
1
200,000
$24,365,000
24
$8,472,000
Johnson County
Bank of Holden,
Holden, Mo.
E. L. Angell, Vice President.
Farmers and Commercial Bank,
Holden, Mo.
L. E. Quick, Ass't. Cashier.
Johnson-Lucas Banking Co., (nonpar)
Osceola, Mo.
Wm. C. Lucas, Chairman.
(Same individual as shown
in connection with bank
listed next above.)
Cedar County
Tr -County State Bank,
El Dorado Springs, Mo.
John H. Lucas, President.
2
,
•••••••=4
70
TETT Computed from data shown in the final 1937 edition of the Rand McNally Bankers
Directory.
(b) Does not include the First Bank and Trust Company, Hamilton, Missouri, which is
reported as having closed on July 26, 1937.
(c) Does not include the Peoples Bank, De Witt, Missouri, which is reported as having
moved to Chariton County, Missouri.
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Federal Reserve Bank of St. Louis
•
•
COPY
THE BANKERS ASSOCIATION
OF
LAFAYETTE-RAY COUNTIES
January 4, 1938.
Mr. C. A. Worthington,
Vice President,
Federal Reserve Bank,
Kansas City, Missouri.
Dear Mr. Worthington:
The committee from
Bankers Association which is
boundary line change for the
will have a meeting with the
Association Thursday morning
the Lafayette-Ray Counties
working on the contemplated
Tenth Federal Reserve District
Kansas City Clearing House
at 9:30.
If possible, we would appreciate it very much if
you can attend this meeting.
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Federal Reserve Bank of St. Louis
Sincerely yours,
(Signed) D. T. Zimwerman
D. T. Zimmerman, President
The Bankers Association of
Lafayette-Ray Counties, Mo.
33
34
COPY
January 6, 1938.
Mr. D. T. Zimmerman, President,
The Bankers Association of
Lafayette-Ray Counties, Mo.,
c/o Bank of Lawson,
Lawson, Missouri.
Dear Mr. Zimmerman:
It is regretted that I was unable to accept
the invitation contained in your letter of January 4 to attend
the joint meeting of a committee from your Association with the
Kansas City Clearing House Association this morning.
Our
regular meeting of directors necessitated my presence during
the entire forenoon.
Hoping that I may have an opportunity to meet
with you and your coundttee at some future date, I gm
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Federal Reserve Bank of St. Louis
Yours very truly,
(Signed) C. A. Worthington
C. A. Worthington,
First Vice President
•
35
COPY
RECORD OF BANK VISITORS
Tune 8, 1937
A. A. Schuneman
(Name)
Field Ruresentative
(Title)
Union National Bank
(Bank)
Kansas City
(City)
Missouri
(State)
Principal Topics Discussed:
Called today to discuss a meeting which is to be held tonight at Higginsville, Mo.,
by banks in 2 or 3 counties which contemplate petitioning the Board in Washington
to be transferred from St. Louis district to the Kansas City district. Meetings
will be held at other points and it is planned to have all the banks in the two
tiers of counties directly east of our present territory join in petitions to
the Board of Governors. Mr. Schuneman and other Kansas City bankers who have
in,uired have been told that we cannot take any part in this plan and while we
realize that service to the territory involved should be better from Kansas City
than from St. Louis, it would be unethical for us to support the petition in
any way. If, however, the Board should see fit to change the district lines, we
will be glad to serve these additional banks.
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Federal Reserve Bank of St. Louis
(Signed)
C. A. Worthington
(Signature)
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Federal Reserve Bank of St. Louis
36
KANSAS CITY STAR
June 13,
1937
BUSINESS NEWS
AND COMMENT
(By The Star's Financial Editor.)
HILE the action of the Federal Reserve board in regard to a request for a
change -in—the boundary
lines of a district cannot be predicted.
fh
It would seem - -ari:proposal such as
that under discussion in Missouri
would receive careful consideration.
The Bankers Association of Lafayette-Ray counties, headed by Sam
H. Hoefer of the Bank of Higginsville, has found sentiment in those
two counties strongly in favor of a,
shift from the St. Louis14-the,-Kansas City district and is asking seventeen other counties in that natural
trade area for an expression of sentimtnt.
At present the tenth district includes only one\ full tier of Missouri
counties. The area in which admission into the tenth district is under
discussion comprises • the next two
tiers to the east extending as I far
south as Greene County.
In the preliminary conversations
banks in the area affected have emphasized that the big bulk of the
trade is with Kansas City and that
the present banking arrangement is
contrary to the flow of business. On
that basis a readjustment of the
boundary lines would seem to be a
natural development.'
KANSAS C Ir.{ STAR
June 13,
FAVOR WS, BANK CHANGE
SOME COUNTIES WOULD JOIN FED-.
ERAL RESERVE DISTRICT HERE.
Opinions Are Sought as to Plan
Whereby St. Louis Would Be
Eliminated for Kansas
City Clearings.
(By The Star's Own Service.)
•
3.':37
Many of the banks in the area
carry no active St. Louis account and
regularly remit to the Federal Reserve bank of Kansas City for the
daily remittance letter which they
TECCiVe from the Federal Reserve
bank of St. Louis. However, it is
pointed out, those banks which desire to avail themselves of the prompt
Federal Reserve collection facilities
find it necessary to carry St. Louis
balances much in excess of what normal trade with that city would require.
The nineteen counties contain
eighty towns and 100 banks, of which.
i
HIGGINSVILLE, MO., June 12.—A Plan
that may lead to the transfer of nineteen Missouri counties from the St.
LOWE Federal Reserve district to the
Kansas City district, got under way
here today when the bankers' association of Lafayette and Ray counties sent letters to bankers throughout the area asking their views on
the subject.
A meeting was held here recently
at which virtually all banks in Lafayette and Ray counties were represented. It was the unanimous opinion
of those present that the board of
governors of the Federal Reserve system be petitioned to change the
boundary lines.
SEEK OPINIONS,
Before sending in the ruttiest.
however, it was decided to sound out
sentiment in seventeen other counties
in which the flow of trade and banking is much the same as in Lafayette and Ray counties. The area concerned includes the second and third!
tiers of counties east of the presentj
Federal Reserve line extending from
the northern state boundary as far
south as Lawrence and Greene counties.
It is understood preliminary conversations in the seventeen counties
revealed many bankers were favorable to the shift.
The letter sent out today by Sam
H. Hoefer of the Higginsville State
bank, president of the Lafayette-Ray
association, emphasized the proximity to and the preponderance of
the counties' trade relations with
Kansas City.
Discussion of the proposal in banking circles here has hinged on the
fact that most of the grain and other
farm products of the nineteen counties is marketed through Kansas City
and most of the purchases of merahants and other commercial concerns are made .there.
THEIR ACCOUNTS HERE.
As a result a majority of the banks
of the counties find a Kansas City
account indispensable and carry their
major balances there, despite the fact
that they are located in another Federal Reserve district. For banking
and other accommodations, when
needed, they look to Kansas City
banks, which are familiar with their •
requirenient.s.,_
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
ONLY THE WEZTERN Tim OF MISSOURI COUNTIES AND A FEW IN THE
NORTHWESTERN CORNER, SHOWN IN THE SHADED AREA, NOW ARE INCLUDr) IN THE TENTH FEDERAL RESERVE DISTRICT. THE REMAINDER OF 'IRE
STATE IS ATTACHED 10 ST. LOUIS. THE HEAVY LINE INCLOSLS AN AREA OF
NINETEEN COUNTIES THAT MAY SEEK ADMITTANCE INTO THIS DISTRICT.
At present the St. Louis district
four are state members, thirteen are conies as far
west as the Jackson
nationals and eighty-three are non- County line and
at some points is
member.state banks.
within twenty-five miles of Kansas
KANSAS CITY FIRST.
City.
Throughout the state, about fifty ! Several times in the past, boundary
have been changed by the
banks remit each day to Kansas lines
board in Washington on petition of
City for St. Louis clearance and of the areas concerned.
Several years
these forty are in the nineteen coun- ago. two counties in New Mexico were
ties—Harrison, Daviess, Caldwell, allowed to leave the Dallas district
Ray, Lafayette, Johnson, Henry, St. and join the tenth, when it was
Clair, Cedar, Dade, Polk, Hickory, shown by bankers there the natural
Benton, Pettis, Saline, Carroll, Liv- trade movement was in this direction.
ingston, Grundy and Mercer.
This, bankers in the area say, indicates that the big bulk of trade
and 1Qanking flows in this direction
and that a union with St. Louis
largely is an inconvenience.
37
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Federal Reserve Bank of St. Louis
38
KANSAS C ITY STAR
June 20, 1937
BUSINESS NEWS __CAIL
AND COMMENT
(By The Star's Financial Editor.)
HE big majority of banks in
nineteen Missouri counties
contiguous to Kansas City
have indicated that they
favor a shift from the St. Louis Federal Reserve district to the Kansas
City district, aid it is virtually assured that a petition to that effect
will be presented to the board in
Washington in the hear future.
As announced last week, letters were
sent to about 100 banks in the nineteen counties by the Bankers Association of Lafayette-Ray Counties,
headed by Sam H. Hoefer of Higginsvine, asking their views on the proposed change. Mr. Hoefer said at
Higgi- 'Ile yesterday that thus far
he 1.'ceived replies from 74 per
cent
the banks, and that of this
num. 91 per cent said they desired
to change to the tenth district or
would go with the majority of the •
banks of their county. Six per cent in
the eastern tier of counties said they I
did not desire to leave the St. Louis
district and 3 per cent had no preference.
,
A feature of the answers, Mr. Hoefer said, was that many of the banks i
were enthusiastically in favor of !
changing the boundary lines. Others ;
who are working with Mr. Hoefer at I
present include D. T. Zimmerman,!
vice president •of the Lawson bank: i
Fred D. Duncan, president of the
Banking House of J. R. Hughes St ,
Co., Richmond, and Joseph L. Mann, /
president of the Lexington Savings!
Trust company.
.
The movement, which started several weeks ago, was based on the fact
that much of the banking and trade
transactions in the nineteen counties
naturally flows in this direction rather than to St. Louis. The area in
which expressions of sentiment have
been sought includes the two tiers of
counties starting with Harrison and
Mercer in the north and running
south as far as (but not including)
Lawrence and Greene.
--
T
9
KANSAS CITY TIM7
July 23, 193'7
BANKS PRESENT PETITION
COUNTIES
MISSOURI
THIRTEEN
ASK TO JOIN TENTH DISTRICT.
'Letter to Board in Washington
Points Out the Flow of Trade
and Finance in This.
Direction.
(By The Star's Own Service.)
HICGINSVILLE, Mo:, July 22.—As a
result of favorable replies to a questionnaire sent to banks in the area
concerned, the Bankers Association
of Lafayette-Ray counties has asked
the Federal Reserve board at Washington to shift thirteen Missouri
counties from the St. Louis district
to the Kansas City district.
The counties involved are Harrison,
Mercer, Davies, Grundy, Livingston,
Caldwell, Ray, Carroll, Lafayette,
Johnson, Henry, St. Clair and Cedar,
and represent a narrow area immediately to the east of the tenth district boundary. The fifty-nine towns
in the counties have a total of seventy-one banks, of which all but three
signed , the petition. These three
stated they were not opposed to the
move but did not desire to sign.
Sam H. Hoefer of the Bank of Higginsville is president of the LafayetteRay association and other members
of the committee are Fred R. Duncan
of the Banking House of J. S. Hughes
& Co., Richmond; Delbert T. Zimmerman of the Lawson bank, Lawson,
and J. L. Mann of the Lexington Savings Trust company, Lexington.
The letter accompanying the petition stated:
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
For a number of years there has
been considerable agitation among the
bankers of Lafayette and Ray counties,
Missouri. that a movement be started
requesting that our counties be transferred from the lurisdiction of the
eighth Federal Reserve district at St.
Louis to that of the tenth Federal Reserve bank at Kansas City. At the
present time, one tier of Missouri counties adjacent to the Kansas line are
now embodied in the tenth Federal
Reserve district but more Missouri territory than the one tier is indisputably
in the Kansas City trade area.
A large portion of our grain arid
livestock is marketed in Kansas City
and our merchants buy a large percentage of their merchandise from Kansas City wholesalers and our major
accounts are carried with Kansas City
commercial banks.
After considerable discussion, it was
finally decided that our counties would
petition your board for transfer, but,
before doing •so, we thought it advisable to get an expression from other
banks located close to Kansas City.
With this in mind, we addressed a letter to the banks in thirteen counties
of Missouri. which are indicated on the
attached map, requesting an expression from them as to whether it would
riot be a greater convenience for them
to be in the tenth Federal Reserve district. The replies we received indicated
that virtually every bank in the thirteen counties would find it much more
convenient for them to do business in
Kansas City. In most cases they stated
the
they were but a few hours from City
Federal Reserve bank in Kansas two
whereas they are now from one to
days (mail time) from St. Louis.
members
At the suggestion of some
peof the various county associations,
in the various
titions were circulated petitions were
these
counties and
three ex'signed by every bank, with
ceptions.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
40
KANSAS CITY TEES
November 2,
1937
DENY A BANK PETITION.
Plan to Shift Counties to Kansas
City District Fails.
WASHINGTON, Nov. 1.—The board of
gr,vernors of the Federal Reserve
ioard announced that they have de.lieCi a petition which would shift thirteen Missouri counties from the St.
Louis federal reserve district to the
Kansas City district.
The counties involved are Harrison, Mercer, Daviess, Grundy, Livingston, Caldwell, Ray, Carroll, Lafayette, Johnson, Henry, St. Clair and
Cedar and represent a narrow area
immediately to the east of the tenth
district boundary. The fifty-nine
towns in the counties have a total of
seventy-one banks.
Presented by the Bankers' Association of Lafayette-Ray counties, the
petition was based on the argument
that much of the banking and trade
transactions in the counties involved
flows in the direction of Kansas City
rather than to St. Louis.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
KANSAS CITY STAR
November 7, 1937
BUSINESS NEWS
AND COMMENT
(Sy The Star's Financial Editor.)
N denying the petition of certain
Missouri banks to be moved from
the St. Louis to the Kansas City
Federal Reserve district the
board in Washington did not make
public its reasons. It may have figured that the petition lacked merit
or that a change in boundary lines
under any conditions was contrary to
policy.
The chances are, according to comment of bankers in the counties affected, that the board hesitated to
make a change because it did not care
, to establish a precedent at this time.
The Missouri petition, based on the
natural flow of trade and of banking
transactions, was believed by its sponsors to be reasonable in all respects.
The board, however, seemed to feel
that if one such request were granted,
numerous others might be forthcoming.
In this belief it probably was correct, since numerous areas in various
federal reserve, districts have intimated in the past that they would
prefer to be in some other district.
The possibility of stirring up a flood
of petitions, therefore, was not to be
overlooked.
The St. Louis bank was rather active, in one way or another, in opposing the loss of thirteen Missouri counties, possibly because of the prestige
involved. As of December 31, 1936,
the Kansas City district had 726 member banks, being exceeded only by
New York with 789 and by Chicago
with 741. In the total number of
banks in the district, Kansas City
ranked second with 1,927, against 2,591
in Chicago. In both respects St. Louis
' was well down the line. The board,
consequently, may have reasoned that
St. Louis was entitled to keep all it
had.
Whether the Mis.souri counties will
take any further a(,ion had not been
decided last week. The outlook at
the moment is not very promising.
Apparently the next development will
be something in the way of a general
rearrangement of boundary lines, but
there has been no evidence whatever
that any such action was contemplated by the board.
---
1
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
42
KANSAS CITY JOURNAL-POST
January 27, 1938
FEDERAL RESERVE
EXAMINER HEARS
BANK PLEA HERE
Thirteen Missouri Counties
Would Shift Fr om St.
Louis to K. C. Zone.
E. R. Millard, Washington, an
examiner for the federal reserve
system, conducted a private hearing
today at the Hotel Baltimore on
petitions made by bankers in 13
Missouri counties, in which they!
asked to be transferred from the St.
Louis district to the Kansas City
federal reserve area.
! Missouri is the only state which
has two Federal Reserve banks
within its boundaries. Several of
the counties represented today are
much closer to Kansas City than to
St. Louis and the bankers believe!
their operations Wouio be speeded
up If the transfer is made.
The counties represented in the
petition were Caldwell, Carroll,
Cedar, Davies, Grundy. Harrison,
Henry, Johnson. Lafayette, Livingston, Mercer, Ray and St. Clair.
Millard was to be a guest of the
bankers at a lunchecn at noon today
at the Hotel Baltimore. The hearing was to last only one day. No
decision will be made here, Millard
merely taking his findings to Washington.
No Kansas City bankers participated in the discussion.
-•
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
43
KANSAS C IT.{ TIMES
january 27,
1938
• --BANKING PARLEY TODAY.
Board Representative to Conduct
Hearing on Boundary Petition.
Bankers from thirteen Missouri
counties will meet here today with a
representative of the Federal Reserve
board of Washington to discuss a proposed change in district boundary
lines. Banks in the area have requested that they be transferred from
St. Louis to Kansas City.
Sam Hoefer of Higginsville, Fred R.
Duncan of Richmond and Joseph
.Mann of Lexington called the meeting which will be at the Baltimore
hotel. Luncheon will be at 12:30
o'clock and the discussion will start
about 1:30 o'clock. E. R. Millard ot
the examining staff will represent the
board.
Last summer the thirteen counties
petitioned the board for a change in
boundary lines, which was denied.
Later it allowed additional data to be
submitted and now has sent a representative here to look into the matter.
The Missouri banks contend that as
a result of the nearness to Kansas
City and the natural flow of trade
they should be in the tenth district.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
44
KANSAS CITY TIMES
January 28,
1938
FAVOR A BANKING SHIFT
RESERVE REPRESENTATIVE HEARS
PLEA FOR BOUNDARY CHANGE.
Sixty-eight Institutions Urge That
They He Transferred From St.
Louis to litinsas 'City
District.
A representative, of the
federal reserve board of Washington
yesterday
heard twenty-six bankers from
eleven
Missouri counties present argumen
ts
why their banks, now in the
St. Louis
district, would be better served front
the Kansas City central bank.
Sixty-eight of the seventy-one
,
banks in thirteen counties (two
were
not represented yesterday) have
requested that they be transferred from
St. Louis to Kansas City. The other
three banks in the area have not expressed their views.
At the discussions held yesterday
afternoon at the Hotel Baltimore, I
E. R. Millard, representative of the I
board, was told that the banks transacted virtually all of their business
through Kansas City bank correspondents, that their clients deal
almost exclusively with firms in this
section, that delays are incurred in
the shipment of currency and the
collection of checks when handled
through the St. Louis bank.
One banker from Daviess County
cited an example of a $1,600 loss to '
his client because of the delay in collection' when the check was required '
i to clear through the St. Louis bank.
The case involved a bankruptcy.
The livestock and grain shipments
from the counties in most instances
! go to the Kansas City and St. Joseph
markets, with practically nothing
destined to St. Louis, bankers said.
Millard told the group that the
board would take the matter of the
change in boundary under advisement.
The board previously had denied
a request of the counties for the
change.
The area \
involved in the change
includes . Carroll, Caldwell, Cedar,
Daviess, Grundy, Harrison, Henry,
Johnson, Lafayette, Livingston, Mercer, Ray and St. Clair counties.
45
COPY
PRINCETON STATE BANK
Princeton, Mo.
Princeton is on the main line of the Rock Island Ry. This
line runs direct from Chicago to Kansas City. It takes a letter
three hours to reach Kansas City.
All livestock and grain from Princeton is sent to Kansas
City, Chicago and St. Joseph.
Out of a remittance to Kansas City of 221 checks there were 98
on banks within a radius of 25 miles from Princeton. In fact there
were 56 checks on one bank just 7 miles from Princeton.
Since we remit all of the checks to Kansas City banks it
takes 8 days for us to be sure that a check will not be returned
drawn on banks within a few miles of Princeton and now in the
St. Louis Federal reserve district.
If we could be placed in the Kansas City federal reserve
district these checks would be paid or returned to us within 4
days time.
Out of this remittance of 221 checks we only had 3 checks on
St. Louis banks and 23 on Kansas City banks.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(signed)
J. T. Robbins, Cashier
•
46
MEMORANDUM
January 27, 1938.
Mr. Millard,
Federal Reserve Examiner.
In compliance with your suggestion, we have had the attached copies made
of the railroad time schedule which was prepared last August by our postal expert covering mail schedules between Kansas City and St. Louis and the banking
towns in the thirteen Missouri counties from which petitions have been received
for transfer from the Eighth to the Tenth Federal Reserve District.
In the preparaticn of the schedules for transit letters, the Supervisor
of our postal substation, who has had many years of experience in the Kansas
City Post Office and railway mail service, has taken into consideration only the
mail trains which would be used under normal conditions for that purpose.
In
other words, trains leaving the reserve bank city earlier than 5 p.m. have been
disregarded and in cases where no mail train is scheduled to leave at a later
afternoon hour, the time shown is the first morning train of the following day.
Likewise, whenever the returning mail train leaves "destination" earlier than
5 p.m., an extra day has been allowed for the mailing of cash letter remittances.
For example, where a cash letter from the reserve bank reaches destination on a
Tuesday morning and the returning mail train on which remittance might be mailed
leaves earlier than 5 p.m., en extra day has been allowed, thus giving the payee
bank until Wednesday afternoon to mail remittance instead of requiring remittance
to be mailed Tuesday afternoon.
This basis of figuring transit mail schedules
is the result of many years of experience from which we have learned that banks
cannot be expected to get their remittances in the mail on the day of receipt of
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
47
cash letters unless the returning mail train leaves destination later than five
o'clock in the afternoon.
The currency shipment schedules have been prepared on the basis of arrival
at destination of shipments from the reserve bank during daylight hours wherever
possible, since registered mail is handled only on trains arriving before 6 p.m.,
except in a few cases where there is no train arriving before that h6ur.
It will be observed from these schedules that there is no instance in
which the service would not be as expeditious from Kansas City as St. Louis,
while, on the other hand, there are at least 10 points where transit items can
be collected in 1 full day less time from Kansas City than from St. Louis, there
are 16 points where a full day's time can be saved on currency shipments to or
from Kansas City', and 37 points where currency shipments from Kansas City can
be made later than 8 a.m. and arrive at destination within banking hours of the
same day.
These points have been indicated on the schedule by appropriate
symbols and footnotes.
It will be observed also that in many instances mail
from St. Louis must be rerouted at Kansas City.
There is also attached a list of Missouri banks located outside of our
district which regularly remit to the Federal Reserve Bank of Kansas City in
Kansas City exchange for cash letters forwarded to them by the Federal Reserve
Bank of St. Louis.
36 of such banks are located in the thirteen petitioning
counties.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(Signed)
C. A. Worthington,
First Vice President.
Transit Letters
Currency
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(8:30 pm Mont(5:30 am
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http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4:28 pm Wed 9:30 pm Wed
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48
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Federal Reserve Bank of St. Louis
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8:13 am The
8:13 sin. Tue
6:co
pm Tue
6:00 am The
d
(Curraacy for points on west en. of C & A RR are rounted out of St. Louis for connection at Kansas City)
Footnotes
Indicates banks Which retlularly remit to Federal Reserve
exchange for St. Louis cash letters.
Indicates two banks in same town,
BRP1C
of Kansas City in Kansas
city
Indicates points to which. Currency shipments can be made from Kansas City after 8:15 am,
arriving at destination within banking hours of same day.
Indicates one fall days sfiving Of ttme on returns for transit items mailed from Kansas
city.
Indicates points on which aae full days time can be gained on currency Shipments to or from
Kansas City.
8:20 am Wed
7:23 =Wed
Days
Out In
1
1
1
1
1
1
1
1
52
(coFY)
FEDERAL RESERVE RANK
OF
T. LOUIS
January
31, 1938.
Mr. E. R. Millard,
Federal Reserve Examiner,
c/o Federal Reserve Bank of Atlanta,
Atlanta, Ga.
Dear Yr. Millard:
As per my promise, I an herewith enclosing the memorandum
furnished you by First Vice-President 'orthington of the Federal Reserve
Bank of Kansas City, together with the Transit and Currency schedules also
furnished by him shoring the comparative service rendered by the Federal
Reserve Bank of Kansas City and the Federal Reserve Bank of St. Louis
to the member and nonmember banks in the thirteen counties which has been
proposed to transfer from the Eighth Federal Reserve District to the
Tenth Federal Reserve District.
There are a number of minor discrepancies that have been
discovered in the schedules, but only two of them appear to be important:
1.
In the preparation of schedules for Brownington, Deepwater,
Lowry City and Osceola, it appears that schedules overlook the
effect of Star Route 45206 operating between Clinton and
Osceola, except in the computation of the return trip from
Kansas City to Osceola, Missouri, it does not give effect to the
Star Route on the service to and from St. Louis.
2.
In the preparation of schedules for Mercer, Princeton, Spickard and Trenton the dispatch of St. Louis mail on Rock
Island train Number 11 was overlooked although it was given
effect on the return schedule to Kansas City from Princeton,
Spickard and Trenton.
The Kansas City schedules gave us credit for receiving returr mail from
Bethany at 8:20 a.m., when as a matter of fact we do not receive it until 12:59 p.m. tile are sorry that we do not have the return service from
Bethany credited to us by the Kansas City schedules, but in the interest
of accuracy, must state that we do not. Te are exploring the possibility
of getting the Star Route established in Harrison County that will enable us to receive the moil at 9:23 a.m., but we do not know what success
we may obtain.
For your information will state that we have carefully
the schedule showing the mail service from St. Louis and
rechecked
Kansas City reserve banks to and from member and nonmember banks in the
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
53
-2..
thirteen counties. That schedule as forwarded to the Board of Governors
several months since by Chairman of the Board, Yardin. Te have been
Transit Manager Billen has reunable to find a single error in them.
cited three banks at Alma, Corder and Knobnoster on which he is getting
'urther information from the postal authorities to account for the differences shown by the Kansas City schedule as compared with the
You will be advised in respect to the result of his
St. Louis schedule.
investigation.
Enclosed is a copy of Transit Manager Billen's comments
on the Kansas City schedules.
Te are tracing the currency experiences recited at
Kansas City by the national bankers from Cogwill and Braymer. It will
probably take two or three days to ascertain definitely the essential
facts. As soon as we get the information, I will write you at Atlanta.
If you are not there the letter can be forwarded to you.
Please accept my thanks for the fair play and courtesy
you have shown us in connection with this mntter.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
With best regards, I an,
Sincerely yours,
(Signed)
Jno. S. Vood
Vice President
54
(coPY)
.
STATEMENT PREPARED BY THE TRANSIT DEPARTMENT REGARDING COMPARISON COMPILED BY THE FEDERAL RESERVE BANK
OF KANSAS CITY OF MAIL SCHEDULES ON TRANSIT LETTERS
TO BANKING POINTS IN THIRTEEN MISSOURI COUNTIES
Name of Town
Comments
Kansas City
Day Point
St.Louis
Day Point
Alma
Schedule prepared for St. Louis correct according to our records. We are endeavoring to secure
necessary information to verify Kansas City schedule. Report will be furnished later.
Appleton City
Schedule as furnished by Kansas City correct, except that return mail to St. Louis arrives 7:23
r.m. instead of 7:30 A.M.
2
Schedule to and from Kansas City correct as shown.
Kansas City report shows mail leaving St. Louis 7:30
P.M., arriving Bethany 8:45 A.M. the following morning. Mail could be routed in that manner; however,
in so doing, a very close connection at Albia, Iowa
is involved. In order to insure mail arriving at
Bethany at 8:45 A.Y. on the following morning, mail
is dispatched on train leaving St. Louis at 4:05 P.M.
Return schedule from Bethany is shown as leaving at
6:27 P.M. and arriving in St. Louis at 8:20 A.M.
the following morning, while our mail schedule shows
mail arriving in St. Louis at 12:59 P.M. the following day.
2
1-2
1-2
1-2
2
1-2
1-2
1-2
2
2
*Bethany
Blairstown
*Blythedale
Bogard
.Bosworth
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Schedule as reported by Kansas City correct.
Schedule to and from Kansas City correct as shown.
Kansas City report shows mail leaving St. Louis
7:30 P.M., arriving Blythedale 8:07 A.M. the following morning. Mail could be routed in that manner; however, in so doing, a very close connection
at Albia, Iowa is involved. In order to insure mail
arriving at Blythedale at 8:07 A.M. on the following morning, mail is dispatched on train leaving St.
Return schedule from Blythedale
Louis at 4:05 P.M.
is shown as leaving at 7:05 P.M. and arriving in
St. Louis at 8:20 A.M. the following morning, while
our mail schedule shows mail arriving in St. Louis
at 12:59 P.M. the following day.
Schedule as furnished by Kansas City correct.
Kansas City schedule shows mail leaving Bosworth
7:00 P.M., arriving Kansas City 7:50 P.M. Our
schedules indicate mcil leaving Bosworth 7:00 P.M.,
arriving Kansas City 9:05 P.M. St. Louis schedules show mail leaving St. Louis 11:47 P.M., arriving Bosworth 11:20 A.M., leaving Bosworth 7:00
P.M., arriving St. Louis 7:30 A.M. Our schedule
1-2
2
55
Page -2 STATEMENT 'PREPARED BY THE TRANSIT DEPARTMENT REGARDING COMPARISON COMPILED BY THE FEDERAL RESERVE BANK
OF KANSAS cm* OF MAIL SCHEDULES ON TRANSIT LhaVMS
TO BANKING rouTs IN THIRTEEN MISSOURI COUNTIES
Name of Town
Comments
Kansas City St. Louis
Day Point
Day Point
shows mail leaving St. Louis 7:30 P.M.,
arriving Bosworth 6:15 A.M., leaving Bosworth 7:00 P.M., arriving St. Louis 7:23 A.M.
Braymer
Railroad has made considerable changes in time
schedules since Kansas City analysis was prepared.
The present schedule is: Leave Kansas
City 5:30 P.M. or 7:35 P.M., arrive Braymer 7:34
P.M. or 6:10 A.M., respectively; leave Braymer
7:34 P.M. or 6:10 A.M., arrive Kansas City 7:50
A.M. Leave St. Louis 7:30 P.M., arrive Braymer
6:10 A.M.; leave Braymer 7:34 P.M, arrive St.
Louis 7:05 A.M.
2
2
Brownington
In preparing schedule to Brownington, Star
Route No. 45206 operating through Brownington from
Clinton to Osceola, Missouri, was evidently not
considered. Schedule of mail is: Leave Kansas
City 11:59 P.M., arrive Brownington 8:52 A.M.;
leave Brownington 6:52 P.M., arrive Kansas City
7:15 A.M. Leave St0Louis 11:55 P.M., arrive Brownington 8:52 A.M.; leave Brownington 6:52 P.M.,
arrive St. Louis 7:23 A.M.
2
2
1-2
1-2
2
*Cainsville
Complete schedule is not furnished on Kansas
City report. Leave Kansas City 11:59 P.M., arrive Cainsville 8:30 A.M.; leave Cainsville 4:00
P.M., arrive Kansas City 10:55 P.M. Leave St.
Louis 4:05 P.M., arrive Cainsville 8:30 A.M.;
leave Cainsville 4:00 P.M., arrive St. Louis
7:23 A.M.
Calhoun
Schedule as furnished by Kansas City correct, except that mail arrives in St. Louis on return trip
at 7:23 A.M. instead of 7:30 A.M.
2
Carrollton
Comparative schedule as furnished by Kansas City is
correct, except that report shows mail leaving
Carrollton 7:20 P.M., arriving Kansas City 7:20
Time of arrival is 9:05 P.M. There are
P.M.
many trains serving Carrollton to both Kansas City
and St. Louis on the Wabash and Santa Fe Railroad.
The best schedule would be: Leave Kansas City 11:55
P.M., arrive Carrollton 1:35 A.M.; leave Carrollton
2
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2
56
Page
STATEnrENT l'REP!-RED BY THE TRANSIT D7PARTTENT REGARDING COMPARISON COMPILED BY THE FEDERAL RESERVE BANK
01? KANSAS CITY OF MAIL SCHEDULES ON TRANsrr LErraTzs
TO BANKING POINTS IN THIRTEEN MISSOURI COUNTIES
Name of Town
Comments
Kansas City St. Louis
Day Point
Day Point
5:14 A.M., arrive Kansas City 7:30 A.M. Leave
St. Louis 11:45 P.M., arrive Carrollton 5:11 A.M.;
leave Carrollton 1:35 A.M., arrive St. Louis 7:30 A.M.
Chillicothe
Kansas City and return schedule correct. St. Louis
schedule shows mail leaving St. Louis 7:30 P.M.,
arriving destination 1:15 "..M. There is another
dispatch leaving St. Louis 8:51 P.M., arriving
Chillicothe 4:42 A.M. On the return trip Kansas
City report shows mail leaving Chillicothe 2:40
A.M., arriving St. Louis 8:20 A.M. That schedule
is correct; however, there is a departure from
Chillicothe at 11:02 P.M., arriving in St. Louis
7:05 A.M.
2
2
Clinton
Schedule as furnished by Kansas City is correct, except that the return trip to St. Louis arrives at
7:23 A.M., instead of 7:30 A.M.
2
2
Coffey
Schedule as reported by Kansas City correct.
1-2
1-2
Concordia
Schedule as reported by Kansas City correct.
1-2
1-2
Corder
Schedule for St. Louis as furnished by Kansas City
is correct. We are endeavoring to obtain the
necessary information to check the schelule of
Kansas City to Corder and return, and will furnish
report later.
Cowgill
Railroad has made change in schedules since Kansas
City analysis was prepared. Present schedule is:
Leave Kansas City 5:30 P.M. or 7:35 P.M., arrive
Cowgill 7:22 P.M. and 6:15 A.M., respectively.
Leave Cowgill 7:22 P.M. or 6:15 A.M., arrive Kansas
City at 7:50 A.M.
Leave St. Louis 7:30 P.M., arrive Coymill 6:15 A.M.; leave Cowgill 7:22 P.M., arrive St. Louis 7:05
Dawn
Railroad has made changes in schedules since Kansas
City analysis was prepared. Present schedule is :
Leave Kansas City 5:30 P.M. or 7:35 P.M., arrive
Dawn 7:51 P.M. and 5:55 A.M. respectively; leave
Dawn 7:51 P.M. or 5:55 ,.M., arrive Kansas City
7:50 A.M. Leave St. Louis 7:30 P.M., arrive Dawn
5:55 A.M.; leave Dawn 7:51 P.M., arrive St. Louis
7:05 A.M.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1-2
2
2
2
57
Page.-4 STATEMENT PREPARED BY THE TRANSIT DEPARTMENT REGARDING COMPARISON COMPILED BY THE FEDERAL RESERVE BANK
OF KANSAS CITY OF MAIL SCHEDULES ON TRANSIT LETTERS
TO BANKING POINTS IN THIRTKPN missauRI ODUNTIES
Name of Town
Comments
Kansas City
Day Point
St. Louis
Day Point
In the preparation of Kansas City schedules
evidently Star Route No. 45206 was not considered.
The correct schedule is: Leave Kansas City 11:59
P.M., arrive Deepwater 8:41 A.M.; leave Deepwater
7:04 P.M., arrive Kansas City 7:15 A.M. Leave
St. Louis 11:55 P.M., arrive Deepwater 8:41 A.M.;
leave Deepwater 7:04 P.M., arrive St. Louis 7:23 A.M.
2
2
%Eldorado
Springs
Schedule as reported by Kansas City correct.
2
2
Gallatin
Schedule reported by Kansas City is correct, except
that mail shown as leaving Kansas City at 11:59
P.M., arriving Gallatin 2:35 A.M., should be shown
as leaving Kansas City 8:20 P.M., arriving Gallatin
2:01 A.M.
2
2
Galt
Railroad has made changes in schedule since Kansas
City analysis was prepared. Leave Ylnsas City
5:30 P.M. or 7:35 P.M., arrive Galt 8:52 P.M. or
5:00 A.M.; leave Galt 8:52 P.M., arrive Kansas City
7:50 A.M. Leave St. Louis 7:30 P.M., arrive Galt
7:41 ".M.; leave Galt 8:52 P.M., arrive St. Louis
12:59 P.M.
2
1-2
Gilman City
Schedule as reported by Kansas City correct.
1-2
1-2
Hale
Schedule as reported by Kansas City correct.
1-2
1-2
Schedule as reported by Kansas City correct.
2
2
Schedule as renorted by Kansas City correct.
2
2
Schedule from Kansas City to jamesport and return
Is correct, except that arrival in Kansas City on
return trip is 10:55 P.M., instead of 7:30 A.M.
Kansas City shows mail from St. Louis leaving at
5:15 P.M., arriving Tamesport 7:20 A.M. the
following morning. That schedule is correct; however, since it involves a very close connection at
Kansas City, we dispatch mail on train leaving St.
Louis 4:05 P.M., arriving Tamesport 7:20 A.M.;
leaving Tamesport 7:16 P.M., arriving St. Louis
7:23 A.M.
2
2
Deepwater
Higginsville
Holden
*Tamesport
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Page -5
•
58
.STATETENT PREPARED BY THE TRANSIT DEPARTMENT REGARDING COMPARISON COMPILED BY THE EEDERAL RESERVE BANK
OF KANSAS CITY OF MIIL SCHEDULES ON TRANSIT LETTERS
TO BANKING POINTS IN THIRTEEN MISSOURI COUNTIES
Name of Tovn
Comments
Kansas City St. Louis
Day Point
Day Point
Knobnoster
We are contacting the postal authorities to furnish
us with certain information necessary to chedkthis
schedule accurately. Report will be furnished
later on this point.
%Laredo
Railroad has made changes in schedules since Kansas
City analysis ras prepared. Leave Kansas City
5:30 P.M. or 7:35 P.M., arrive Laredo 8:40 P.M.
cIrd 5:20 -.M.; leave Laredo 8:40 P.M., arrive
Kansas City 7:50 A.M. Leave St. Louis 7:30 P.M.
arrive Laredo 7:54 A.M.; leave Laredo 8:40 P.M.,
arrive St. Louis 12:59 P.M.
2
1-2
Lawson
Railroad has made changes in schedules since Kansas
City analysis was prepared. Leave Kansas City
5:30 1.M. or 7:35 P.M., arrive Lawson 6:51 P.M.
and 6:45 A.M. respectively. Leave Lawson 6:51 P.M.
or 6:45 A.M. arrive Kansas City 7:50 A•Mo
Leave St. Louis 7:30 P.M., arrive Lawson 6:45 A.M.;
leave Lawson 6:51 P.M., arrive St. Louis 7:05 A.M.
2
2
Leeton
Schedule as reported by Kansas City correct.
1-2
1-2
Lexington
Schedule as reported by Kansas City correct.
2
2
%Lowry City
Evidently Star Route No. 45206 was not considered in
the preparation of Kansas City report. Present
schedule is: Leave Kansas City 11:59 P.M., arrive
Lowry City 9:42
leave Lowry City 6:02 P.M.,
arrive Kansas City 7:15 A.M. Leave St. Louis
11:55 P.M., arrive Lowry City 9:42 A.M.; leave
Lowry City 6:02 P.M., arrive St. Leuis 7:23 A.Yi.
2
2
Ludlow
Railroad has made changes in schedules since Kansas
City analysis was prepared. Leave Kansas City 5:30
P.M. or 7:35 P.M., arrive Ludlow 7:34 P.M. or
6:01 A.M., respectively; leave Ludlow 7:44 P.M.
or 6:01 A.M., arrive Kansas City 7:50 A.M. Leave
St. Louis 7:30 P.M., arrive Ludlow 6:01 A.M.,
leave Ludlow 7:44 P.M., arrive St. Louis 7:05 A.M.
2
2
Mayview
Schedule as reported by Kansas City correct.
2
2
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
59
, Page -6 .
STATEMENT PREPARED BY THE TRANSIT DEPARTMENT REGARDING CONPARISON COMPILED BY THE FEDERAL RESLHVE BANK
OF KANSAS CITY OF MAIL SCHEDULES ON TRANSIT LETTERS
TO W.NKING POINTS IN THIRTEEN rIssouRI COUNTIES
Name of Town
Comments
Kansas City
Day Point
St. Louis
Day Point
*Mercer
Schedule of Kansas City to Mercer and return is
correct. In the schedule St. Louis to Mercer and
return, Kansas City shows mail leaving St. Louis
7:30 P.M., arriving Mercer 9:50 A.M. In order
that our cash letters would be in the hands of the
bank in the first mail of the day, we have been
dispatching it on a train leaving St. Louis at
4:05 P.M., scheduled to arrive in Mercer at 3:25
A.M. Our records indicate that Mercer dispatches
first class letter mail addressed to St. Louis on
train leaving at 7:35 P.M., arriving in St. Louis
7:23 A.M. the following morning. Mail addressed
to Kansas City is also dispatched on this train
and arrives in Kansas City at 10:55 P.M.
2
2
Montrose
As reported by Kansas City correct, except that
return trip, Montrose to St. Louis, arrives
St. Louis 7:23 A.M., instead of 7:30 A.M.
2
2
Napoleon
Schedule as reoorted by Kansas City correct.
1-2
1-2
Schedule to and from Kansas City correct as shown.
Kansas City report shows mail leaving St. Louis
at 7:30 P.M., arriving New Hampton 9:05 A..M.
the following morning. Mail could be routed in
that manner; however, in so doing, a very close
connection at Albia, Iowa is involved. In order
to insure mail arriving at New Hampton at 9:05
A.M. on the following morning, mail is dispatched
on train leaving St. Louis at 4:05 P.M. Return
schedule from. New Hampton is shorn as leaving 6:05
P.M. and arriving in St. Louis at 8:20 A.M. the
:
following morning, while our mail schedule sho,-s
Louis at 12:59 P.M. the
mall arriving in St.
following day.
2
1-2
Present schedule is: Leave Kansas City 7:00 P.M.
or 11:00 P.M., arrive Norborne 6:00 A.M., leave
Norborne 7:35 P.M., arrive Kansas City 9:05 P.M.
Leave St. Louis 11:45 P.M., arrive Norborne 5:32
A.M.; leave Norborne 7:35 P.M., arrive St. Louis
7:23 A.M.
2
Schedule as reported by Kansas City correct.
2
*New Hampton
Norborne
Odessa
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2
2
60
Page -7 STATEMENT PREPARED BY THE TRANSIT DEPARTMENT REGARDING COMPARISON COMPILED BY ThE FEDERAL RESERVE BANK
OF KANSAS CITY OF MAIL SCHEDULES ON TRANSIT LETTERS
TO arlICI"G POINTS IN THIRTEEN MISSOURI COUNTIES
Name of Town
Comments
Kansas City St. Louis
Day Point
Day Point
Schedule as reported by Kansas City correct.
2
2
Star Route No. 45206 was evidently not considered,
except in computing the return schedule from
Osceola to Kansas City. Leave Kansas City 11:59
P.M., arrive Osceola 10:15 A.M.; leave Osceola
5:30 P.M., arrive Kansas City 7:15 A.M.
Leave
St. Louis 11:55 P.M., arrive Osceola 10:15 A.M.;
leave Osceola 5:30 P.M., arrive St. Louis 7:23
2
2
Pattonsburg
Schedule as reported by Kansas City correct.
2
2
Polo
Railroad has changed time schedule since Kansas
City analysis was prepared. Leave Kansas City 5:30
P.M. or 7:35 P.M., arrive Polo 7:12 P.M. and
6:25 A.M., respectively; leave Polo 7:12 P.M.
or 6:25 A.M., arrive Kansas City 7:50 A.M.
Leave St. Louis 7:30 P.M., arrive Polo 6:25 A.M.;
leave Polo 7:12 P.M., arrive St. Louis 7:05 A.M.
2
2
Schedule from Kansas City is shown as leaving
Kansas City 5:45 P.M., arriving Princeton 8:39
P.M.; leaving Princeton 8:39 P.M., arriving
The present schedule is:
Kansas City 7:30 A.M.
Leave Kansas City 11:59 P.M., arrive Princeton
3:10 A.M.; leave Princeton 8:05 P.M., arrive
Kansas City 10:55 P.M. St. Louis schedule is
shown as leaving St. Louis 7:30 P.M., arriving
Princeton 10:04 A.M. In order to permit the banks
In Princeton to obtain their cash letters in the
first mail of the day, we have made arrangements
to dispatch cash letters on a train leaving St.
Louis at 4:05 P.M., arriving Princeton 3:10 A.M.
The return schedule from Princeton to St. Louis is
shown as leaving Princeton 3:57 A.M., arriving St.
Louis 2:15 P.M. the following day. Mail leaves
Princeton 8:05 P.M., arrives St. Louis 7:23 A.M.
2
2
Schedule as reported by Kansas City correct, except that on the out-bound trip from Richmond, which
Is indicated as leaving St. Louis 7:30 P.M., arriving Richmond 6:45 A.M., the schedule is leaving
St. Louis at 11:45 P.M., arriving Richmond 6:15
2
2
Orrick
%Osceola
*Princeton
Richmond
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
61
Page STATEMENT PREPARED BY THE TRANSIT DEPARTMENT REGARDING COMPARISON COMPILED BY THE FEDERAL RESERVE BANK
OF KANSAS CITY OF MAIL SCEEDULES ON TRANSIT LETTERS
TO BANKING POINTS IN THIRTEEN MISSOURI COTTY2US
Name of Town
Comments
Kansas City
Day Point:
St. Louis
Day Point
*Ridgway
Schedule to and from Kansas City correct as
2
shown. Kansas City report shows mail leaving St.
Louis 7:30 P.M., arriving Ridgway 8:21 A.M. the
following morning. Mail could be routed in that
manner; however, in so doing, a very close connection at Albia, Iola is involved. In order
to insure mail arriving at Ridgway at 8:21 A.M.
on the following morning, mail is dispatched on
train leaving St. Louis at 4:05 P.M. Return schedule
from Ridgway is shown as leaving 6:50 P.M. and
arriving St. Louis at 8:20 A.M. the following mornlng, while our mail schedule shov's mail arriving in
St. Louis at 12:59 P.M. the following day.
1-2
*Suickard
Kansas City and return schedule as shown correct.
2
-3t. Louis schedule is indicated as leaving St.
Louis 7:30 P.M., arriving Spickard 10:25 i.r. the
following morning. In order to make it possible
for the Spickard banks to obtain their cash letters
in the first mail of the day, we have made arrangements to dispatch the cash letters on train leaving
St. Louis 4:05 P.M., scheduled to arrive in Spickard
4:14 A.M.
Return trip from Spickard to St. Louis
is shown as leaving Spickard 4:14 A.M., arriving
St. Louis 2:15 P.M.
The actual schedule is: Leave
Spickard 8:00 P.M., arrive St. Louis 7:23 A.M.
2
Stockton
Complete schedule not shown; however, schedule is 1-2
indicated as leaving Kansas City 10:58 P.M.,arriving Stockton 6:45 A.M. Local postal authorities inform us they have no record of Star Route
carrier arriving in Stockton at that early hour. Our
cash letters to Stockton are scheduled to leave St.
Louis 6:30 P.M., arriving Stockton 10:30 A.M. the
following morning. Mail leaves early in the afternoon and is in Kansas City aria St. Louis the following morning.
1-2
Tins
Schedule as reported by Kansas City correct.
1-2
1-2
2
2
*Trenton
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Kansas City and return schedule as shown correct.
St. Louis schedule is indicated as leaving St.
Louis 7:30 P.M., arriving Trenton 10:40 A.M. In
order that Trenton banks may obtain their cash
letters in the first mail of the day, we are at
present dispatching them on train leaving St.
Louis 4:05 P.M., scheduled to arrive at Trenton
at 2:40 A.M. The return schedule, Trenton to St.
6.
SrATEMENT PR7PARED BY THE TRANSIT DEPARTTENT REGARDING COMPARISON COMPILED BY THE FEDERAL RESEEVE BANK
OF KANSAS CITY OF MAIL SCHEDULES ON TRANSIT LI'MS
TO BANKING POINTS IN THIRTEEN vassouRI COUNTIES
Name of Toi-n
Comments
Kansas City
Day Point
St.Louis
Day Point
Louis, is shown as leaving Trenton 4:35 A.M.,
arriving St. Louis 2:15 P.M. Actual schedule
is: Leave Trenton 8:15 P.M., arrive St.
Louis, 7:23 A.M.
Urich
Schedule as reported by Kansas City correct.
1-2
1-2
Warrensburg
Schedule as reported by Kansas City correct.
2
2
Wellington
Schedule as reported by Kansas City correct.
1-2
1-2
Tindsor
Schedule as reported by Kansas City correct, except that return trip to St. Louis is scheduled
to arrive 7:23 A.M., instead of 7:30 A.M.
2
2
rinston
Schedule as reported by Kansas City correct.
2
2
%
Nonpar point.
Early dispatch.
For the purpose of its analysis Kansas City has eliminated from consideration trains leaving the reserve city before 5:00 P.M. '"e inaugurated this
4:05 P.M. dispatch about five months ago and have found that, with but
slight inconvenience to the Transit and Outgoing Mail Departments, it is
possible to regularly place mail on the train.
Hamilton, Missouri is not considered because it is now a non-banking town.
Hamilton bank reported closed :ruly 26, 1937.
Taking out of consideration Alma, Corder, and Knobnoster (points upon which
re are requesting further information from the postal authorities) there
are six towns which are two day remittance points from Kansas City and three
day remittance points from St. Louis. The towns are Bethany, Blythedale,
Galt, Laredo (nonpar), New Hampton, and Ridgeway,
Bethany, Blyethdale, New
Hampton, and Ridgway are three day points from St. Louis because Chicago,
Burlington and Quincy Train No. 8 scheduled to pass through 1bia, Iowa at
11:06 P.M. does not connect mail to Wabash Train No. 14 scheduled to pass
through Albia at 11:15 P.M.
we are informed that the connection has not
been made because the two railroads use different stations at opposite
ends of the town and that it is not possible to transfer the mail
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
67,
Page -10 STATEMENT PREPARED BY THE TRANSIT DEPARTMENT REGARDING COMPARISON COMPILED BY THE FEDERAL REEVE BLNK
OF KANSAS CITY OF MLIL SCHEDULES ON TRANSIT LETTERS
TO BANKING POINTS IN THIRTEEN MISSOURI COUNTIES
between the stations in the sill period of time.
and
Galt and Laredo are three day points because Chicago, Milwaukee
through Moravia, Iowa at 10:45
St. Paul Train No. 6 scheduled to pass
P.M. does not connect mail to Tabash Train No. 14 scheduled to pass
through Moravia at 11:33 P.M. A chief clerk of the Railway Mail
Service in St. Louis :informs us that the connection is not made because
Moravia is considered a whistling point and that the only mail the
train would transfer is that picked up from a few small towns between
Chillicothe, Missouri ascd Moravia, Iowa.
The amount of mail involved at both connections is undoubtedly very
small; however, we could officially request the Post Office Department
ion
to give consideration to establishing arrangements for the connect
of m9i1 at both points.
constantly in
Kansas City analysis indicates that certain points remit
Reserve Bank of Kansas City for our
Kansas City exchange to the Federal
the First National
cash letters. There are a few exceptions. For example,
mately one-half the time in Kansas
Bank, Fiethany, Missouri remits approxi
authorizes us to
City exchange, and on the remainder of the remittances
First 'National Bank, Gallatin, Missouri
charge its reserve account. The
account.
consistently remits with authorizations to charge its reserve
ville, Missouri remits only rarely in
The Bank of Higginsville, Higgins
nces being in
Kansas City exchange, by far the greater part of its remitta
its St. Louis correspondent. The Commercial
the form of drafts drawn on
Louis exchange. The
Bank, Lexington, Missouriremits consistently in St.
and Company, Richmond, Missouri remits
Banking House of J. S. Hughes
ondent.
consistently in the form of drafts drawn on its St. Louis corresp
d, Missouri, remits consistently in
The Bank of Spickardsville, Spickar
ondent. The Bank of Urich,
the form of drafts drawn on its St. Louis corresp
in Kansas City exchange, by far the
Urich, Missouri remits only rarely
drafts drawn on its
greater part of its remittances being in the form of
Trenton National Bank, Trenton, Missouri
St. Louis correspondent. The
y of its remittances
remits only rarely in Kansas City exchange, the majorit
ondent, ard it
being in the form of drafts drawn on its St. Louis corresp
of Chicago.
also occasionally remits to the Federal Reserve Bank
Lexington Savings
The Bethany Trust Company, Bethany, Missouri; the
e Bank, Richmond, Missouri;
Trust Company, Lexington, Missouri; the Exchang
Trust Company, Trenton,
the Peoples State Bank, Spickard, Missouri; and Trenton
Missouri, remit consistently in Kansas City exchange.
Respectfully submitted,
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(Signed)
2ar1 R. Billen
Transit Manager
64
(COPY)
FEDERAL RESERVE BANK,
OF
ST. LOUIS
February 1, 1938
Yr. E. R. Millard,
Federal Reserve Examiner,
cio Federal Reserve Bank
Atlanta, Georgia.
Dear Mr. Millard:
Supplementing my letter of January 31, I am inclosing
memorandum prepared by the manager of the Transit Department,
Yr. Billen, in reply to the statement made by Cashier Robbins, of
the Princeton State Bank, during your meeting in Kansas City.
As Mr. Billens stated in his memorandum, the delay
recited by Cashier Robbins is due to the method selected for collecting checks of the bank, and that the remedy lies in Mr. Robbins'
hands—either to join the Federal Reserve System, or he might make
application to carry a non-member account with the Federal Reserve
Bank of St. Louis.
I am also inclosing a memorandum prepared by Mr. Billen
covering the three towns that were still under investigation when I
wrote you yesterday—Alma, Corder, and Knobnoster, Missouri. The
schedules prepared by a Postal expert, for First Vice President
Worthington, showed that Kansas City had the advantage in the case
The expert based his conclusion on mail
of both Alma and Corder.
being received by the train that goes through Alma at 5:30 A.M. and
Corder at 5:35 A.M.
The postmasters at those two points advised Mr. Billen
that the train inquestion does discharge mail at stations, but does
not receive mail from them. The actual mail service in operation
gives equivalent service from the Federal Reserve Banks to and from
both towns.
Mr. Worthington's schedule shows that both Federal
Reserve Banks have equivalent service to and from Knobnoster. Much
to our regret this is not the case. Mail from Knobnoster is received
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
- 2-
at Kansas City at 7:15 A.M., and at St. Louis at 7:55 P.M.
We are still working on the currency experiences
recited by the National Banks at Cogwill and Braymer, Mo. We
will advise you immediately, as soon as definite information
is obtained.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
With best regards, I am
Very truly yours,
(Signed)
Jno. S. Wood
Vice President
65
1•11111,
-
(copy-)
IP
•
January 29, 1938
Memorandum to Mr. Tood
7e have no way of verifying the statement Mr. Robbins, Cashier of the
Princeton State Bank, Princeton, Missouri, makes in so far as the contents of his cash letters to his Kansas City correspondent are concerned.
One or two points within a radius of twenty-five miles of Princeton
are three day remittance points from St. Louis, as for example, Cainsville, Missouri. Our cash letter to Cainsville arrives on the following morning (early 4:00 p.m. dispatch on Tabash No. 9) however the bank's
remittance to us does not reach us until the second morning after the
bank dispatches it, or the third day following the mailing of the cash
letter from our office.
Thus, if the Princeton State Bank mails a check on Monday drawn on Cainsville to the Kansas City correspondent, the Kansas City correspondent
should receive the check on Tuesday, and forward it to us.
The item
should reach us on lednesday morning, the Cainsville bank on Thursday,
and if unpaid, reach our office on Saturday morning, be back at the
Kansas City correspondent on Monday and in the hends of the Princeton
bank the following Tuesday, or eight actual days and seven business
days after being handled for the account of its customer.
Most of the points within a radius of twenty-five miles of Princeton are
two day remittance points from our office and in the case of checks
drawn on banks in those towns and handled by the Princeton bank on Monday,
if unpaid, the items should be back in the hands of the Princton
bank on the following Monday, one business day sooner than items drawn
on the three day remittance points from our office.
In the case of checks drawn on points in the territory of the Federal Reserve Bank of Kansas City unpaid checks forwarded from Princeton, Missouri
on Monday should be back in the hands of the Princeton bank on Friday or
Saturday, depending upon whether the towns are two or three day remittance
points from Kansas City.
From the above it appears that Mr. Robbins' statement as to the delays in
return of unpaid Checks are correct under the method his bank has selected
for collecting its checks.
The bank could eliminate some of the delay by opening an account with a
St. Louis bank for the collection of Eighth District items (a procedure
which it evidently does not care to adopt because of the statement "all
live stock and grain from Princeton is sent to Kansas City, Chicago, and
St. Joseph" appearing in Mr. Robbins' letter).
It might endeavor to become a member bank, and if successful, send the
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
66
67
411
Page 2
Memorandum to Mr. Wood
January 29, 1938
Eighth District items to us for collection and request the direct sending privilege to the Federal Reserve Bank of Kansas City on items payable in the Tenth District.
Or it might be permitted to open a nonmember clearing account with us and send its items drawn on par banks to us
for collection.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Respectfully submitted
(Signed) Edw. R. Billen
Head, Transit Department
•
(copy)
Memorandum to Mr.
February 1, 1938
0 d
ities to comment
Te heve now received the necessary information from the Postal farthor
by the Federal Reserve Bank of
on the comparison of the transit schedules, compiled
Kansas City on lama, Corder and Knobnoster, Missouri.
Kansas City
Day Point
Name of Town
Comments
Alma
Schedule, Kansas City and return is
shown leaving Kansas City 6:55 a.m.,
arriving Alma 8:57 a.m., leaving Alma
5:30 a.m., arriving Kansas City 7:30
a.m.
The Alma Postmaster informs us
that no mail is dispatched on the 5:30
a.m. train. The schedule, according to
information we have obtained, is leave
Kansas City, 8:30 p.m., arrive Alma 5:30
a.m., leave Alma 4:28 p.m., arrive Kansas
City 6:50 p.m. St. Louis schedule is leave
St. Louis 11:45 p.m., arrive Alma 5:30 a.m.,
leave Alma 4:28 p.m., arrive St. Louis 7:25
Corder
Knobnoster
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Schedule Kansas City and return is shown
leaving Kansas City 6:55 a.m., arrive Corder 8:48 a.m., leave Corder 5:35 a.m.,
arrive Kansas City 7:30 a.m. The Postmaster at Corder, Missouri, informs us
that no mail is dispatched on train passing through Corder at 5:35 a.m. The
schedule is leave ansas City 8:30 p.m.
arrive Corder 5:35 a.m., leave Corder 4:36
p.m., arrive Kansas City 6:50 p.m. Leave
St. Louis 11:45 p.m., arrive Corder 5:35
a.m., leave Corder 4:36 p.m., arrive St.
Louis 7:23 a.m.
Schedule shown Kansas City and return as
leaving Kansas City 11:59 p.m., arriving
Knobnoster 5:55 a.m., leave Knobnoster
5:55 a.m., arrive Kansas City 7:15 a.m.
is correct. St. Louis schedule is shown as
leaving St. Louis 11:59 p.m., arriving Knobnoster 5:55 a.m., leave Knobnoster 8:05 p.m.,
Return schedule
arriving St. Louis 7:23 a.m.
is leave Knobnoster 2:50 p.m., arrive St.
Louis 7:55 p.m.
1-2
1-2
2
Respectfully submitted
(Signed)
Edw. P. Billen
Head, Transit Department
St. Louis
Day Point
1-2
1-2
1-2
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
69
COPY
Atlanta, Georgia
February 4, 1938
Mr. Jno. S. Wood, Vice President
Federal Reserve Bank of St. Louis
St. Louis, Missouri
Dear Mr. Wood:
This is to acknowledge receipt of your
letters of January 31st and February 1st, together
with all enclosures.
Your promptness in forwarding this information is greatly appreciated and it is readily apparent that a great deal of work was necessary in order
to accomplish this.
In regard to the thirteen counties in
question, .1 am interlining all of the discrepancies
which you pointed out in order that the Board may have
an accurate record of the time schedules of the St.
Louis and Kansas City Reserve Banks.
Again thanking you for your cooperation
in this matter, I am,
Very trust yours,
(Signed)
E. R. Millard
Federal Reserve Examiner.
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GROUP PLAN
MISSOURI BANKERS ASSOCIATION
thertville
( iECID IN FILES
SECTION
FEB1 21338
February 12, 1938
Mr. Sam H. Hoefer,
The Bankers Association of
Lafayette—Ray Counties, Missouri,
c/o Bank of Higginsville,
Higginsville, Missouri
Dear Sir:
At the mluest of Mr. E. R. Millard, we are
sending you herewith 60 additional copies of forms
for reporting currency and coin receipts and cash
letters forwarded for collection during the month of
November 1937.
Very truly yours,
E. L. Smead, Chief,
Division of Bank Operations.
Inclosuree
,\
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),kVF/jbs
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
05
17.-
410
D IN FILES SECTION
BOARD OF GOVERNORS
OF THE
I
I/
FEB 1 2 1938
FEDERAL RESERVE SYSTEM
FEB 1 0 1938
WAS
DIVISION
OF
EXAMINATNS
DIVISION OF EXAMINAI
00000*-
Atlanta, Ga.,
February 8, 1938.
Mr. Leo H. Paulger, Chief,
Division of Examinations,
Board of Governors of the Federal Reserve System,
Washington, D. C.
Dear Mr. Paulger:
There is attached a copy of an unsigned letter which I received
today from Mr. Sam H. Hoefer of Higginsville, Mo., and which bore a Kansas
City postmark.
The first paragraph of Mr. Hoefer's letter indicates a need for
additional cash letters and currency analysis forms such as those left with
l
Mr. Hoefer at the close of the meeting in Kansas City on F bruary 27th.
Although Mr. Hoefer states that a copy of his letter to me has also been
forwarded to Tashington, I am enclosing another copy in order to be sure
that his request reaches the Board.
Since my arrival in Atlanta I have been compiling the data
developed in Kansas City as rapidly as time will permit and hope to be able
to forward my memorandum on the subject to you within a very few days.
Very truly yours,
Fed)ra
Lth,
/ /47
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
eserve Examiner.
(copy)
•
THE BANKERS ASSOCIATION
of
LAFAYETTE-RAY COUNTIES
Office of Secretary
Lexington, Missouri
February 7, 1938.
Mr. E. R. Millard
Federal Reserve Examiner
c/o Federal Reserve Bank
Atlanta, Georgia
Dear Mr. Millard:
re sent all the forms you left with us to banks in the 13 Missouri
counties, but we did not have sufficient blanks to go around and we wonder if
you have any more on hand. If so, we will apprc-ciate it if you will send us
at least fifty more. Also, we are not getting the forms which you left with
us returned as fast as we had contemplated. Some of the forms received have not
been properly made out and will have to be returned for correction. For these
reasons, it is very doubtful if we can have all the forms completed and ready
to return to Washington until shortly after the first of March and we will appreciate your indulgence until that time.
Then you were making your examination, we overlooked the point that
banks are required to subscribe to Treasury offerings through the Federal Reserve
Bank of the District in which they are located. Apparently very few of the banks,
state and national, are aware of this ruling and it has proved very embarrassing
to many banks in the area involved which would like to place all orders for
government obligations through their Kansas City correspondents, or directly
through the Federal Reserve Bank in Kansas City. This is another of the many
features that would make it more desirable for our banks to be in the Tenth District. In fact, many of the banks in this territory now handle their bond exchanges, etc., through the Federal Reserve Bank of Kansas City.
When you met with us here, I do not think any of the bankers testifying
made mention of the fact that Missouri is already a split state, as far as reserve district boundary lines are concerned, so if the Board sees fit to have
this change made for,us, it would not be disturbing a state line boundary between
two districts.
Not being certain of your proper address, I am sending a copy of this
letter to the Board of Governors at Washington and have marked the envelope for
the attention of Mr. Morrill.
I will appreciate it if you will let me know if it will be agreeable
for us to get this information in early in March, which is only a few weeks away.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Yours very truly,
Sam H. Hoefer
Higginsville, Mo.
/Ye" 1/ 41/(
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http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
di
TELEGRAM
wBOARD OF GOVERNORS
•
$5
1.REC
PiLtS SECTION
OF THE
JAN28
FEDERAL RESERVE SYSTEM
i)8
LEASED WIRE SERVICE
RECEIVED AT WASHINGTON, D. C.
23 G K
KANSASCITY JAN 27-38-848A 28
lok OF EXAAINATIONS
Divi,
1938 JAN 28 AM 10 09
•
PAULCER
WASHN
S
MEETING ADJOURNED 345 THIS AFTERNOON STOP ATTENDED BY 23
INDIVIDUALS REPRESENTING 25 BANKS LOCATED IN TWELVE OF THIRTEEN
PETITIONING COUNTIES STOP HOEFER AND ASSOCIATES FEEL RECEIVED
AN IMPARTIAL HEARING AND ALL CONCUR THAT TO VISIT ANY BANKS
NOT REPRESENTED WOULD CONTRIBUTE NOTHING ADDITIONAL TO PICTURE
FRESENTED AT MEETING STOP BOARDS FORMS HANDED TO HOEFER WHO
AS
PROMISES TO DISTRIBUTE, FOLLOW-UP, COLLECT AND FORWARD SOON
POSSIBLE
MILLARD
907 A
28TH
INDIVIDUALS
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
TELEGRAM
FORM F. R. 218
OBOARD OF GOVERNORS
•
OF THE
•
FEDERAL RESERVE SYSTEM
LEASED WIRE SERVICE
•
RECEIVED AT WASHINGTON, D. C.
34 G K
FILES SECTION
REVD IN
JAN
IS30
.2.
KANSASCITY JAN 25-3S-937A
•
•
•
PAULG7R
TJJASHN
•
ARRIVED KANSASCITY THIS MORNING,
•
WILL WIRE YOU TOMORROW IMMEDIATELY
•
FOLLOWING MEETING AS INSTRUCTED
•
MILLARD
•
954 A
•
•
•
•
•
•
•
•
•
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
• 6)
Form F. R. 148 1,
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
TELEGRAM
iN
BOARD OF GOVERNORS
sLc,:a SECTION,
J A N 25 1330
OF THE
FEDERAL RESERVE SYSTEM
.
*
LEASED WIRE SERVICE
WASHINGTON
,7
19750 .
3
Millard
Federd Reserve ExP-Tainer
I
Wire received today from 1,72. Hoofer reuesting thet
___ • ..._
Eionrd t s representetive meet with hin and his asociates at noon
luncheon Thursday, J7muary 27, et Hotel Bfz.lti-lore, Kansc
Missouri.
;1.,
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Pleaze oend Board bricYf wire with respect to ' evelopments
.1
it conferonce promptly after it is over' zn, include therPin advice
Bs
to whether it appear
thirteen
!isit any bank
necesse,ry for you to ,
in the
counties, also advioe P8 to whether bLrks ere being
requested to furnish Boerd with the infornation celled for 12y fors
furnished you.
FAULGTE
ELS/LHP/m
COPY
THE COMPANY WILL APPRECIATE SUGGESTIONS FROM ITS PATRONS CONCERNING ITS SERVICE
CLASS OF SERVICE
This is a full-rate
Telegram or Cablegram unless its deferred character is indicated by a suitable
symbol above or preceding the address.
WI
ESTER
UNI
R. B. WHITE
PRESIDENT
NEWCOM B CA RLTON
CHAIRMAN OF THE BOARD
1201-S
SYMBOLS
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DL = Day Letter
SER = Serial
igitt paessage
5XC fight Letter
7
Code Cable
= Deferred table
NLT = Cable Night Letter
Ship Radiogram
The filing time shown in the date line on telegrams and day letters is STANDARD TIME at point of origin. Time of receipt is STANDARD TIME at point of destination.
Received at
WP147 22=HIGGINSVILLE MO JAN 22 140P
I
MINUTES IN TRANSIT
FULLRATE
-
DAY LETTER
CHESTER MORRILL=BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM=YOUR TELEGRAM JANY NINETEENTH HAVE BOARDS REPRESENTATIVE
MEET WITH US AT NOON LUNCHEON THURSDAY JANY TWENTY SEVENTH
AT HOTEL BALTIMORE KANSASCITY MO=
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Federal Reserve Bank of St. Louis
SAM H HOEFER.
-
323PM .«
WESTERN UNION GIFT ORDERS ARE APPROPRIATE GIFTS FOR ALL OCCASIONS
MD IN
Form F. R. 148 b
TELEGRAM
1.
BOARD OF GOVERNORS
OF THE
JAN?, I !9:''j
ir)_. :
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FEDERAL RESERVE SYSTEM
LEASED WIRE SERVICE
WASHINGTON
JAN 19 193
Sam a. Roefer,
cb Dr_aknrst Actociation of
Lafayette—Ray Counties Mo.,
Higginsville0 Mivzouri
Your Janwlry 19 tilagram
&Ind to meet with y.ou
Thuroday, elb.nwitry 270 at
Bo%rdc
aepres'enttive will
,
..117ociatot3
noon lunOeon
uch placx ac you may dseignt
Plwlse advise by Are place zIalected fr meetiag.
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ELS/jbs
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Federal Reserve Bank of St. Louis
SEC1r1W41
Elil E COPY
Y DIRECT WIRE FROM
I223-S
CLASS OF SERVICE
This is a full-rate
Telegram or Cablegram unless its deferred character is indicated by a suitable
symbol above or preceding the address.
R. B. WHITE
PRESIDENT
\
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UNION
SY-MBOE
EC'D I
NEWCOMB CARLTON
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LC = Deferred Cable
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J. C. WILLEVER
CHAIRMAN OF THE BOARD
Jr
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Ship Radiogram
FIRST VICE-PRESIDENT
The filing time shown in the date lino on telegrams and day letters is STANDARD TIME at point of origin. Time of receipt is STANDARD TIME at point of destination.
WAA113 32 DL=HIGGINSVILLE MO
JAN 19 100P
CHESTER MORRILL=BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM=
MAY WE COMPLETE PLANS TO MEET WITH BOARDS REPRESENTATIVE AT
NOON LUNCHEON THURSDAYJAN 27TH EITHER IN LEXINGTON OR AT
HOTEL MUEHLEBACH KANSASCITY IF SO WIRE MEETING PLACE
PREFERRED SOON AS POSSIBLE=.
SAM H HOEFER.
318P.
THE COMPANY WILL APPRECIATE SUGGESTIONS FROM ITS PATRONS CONCERNING ITS SERVICE
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Federal Reserve Bank of St. Louis
ktV
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1-
(RECT IN FILE8 SECTION
1
JAN I
•
January 191 1938
Sam IL. loefer,
c/o Denkerof lizaocla tion of
Larayette-Ray Counties, Mo.
fligginsville, Missouri
Your Janw..ry 19 telegram, Board's representative will
be glad to meet with you ilnd your associates at noon luncheon
Thursday, January 27, at
:5uch
place ns you my designato.
Piens° advie by wire place selected for meeting.
,//
BETHSA
ELS/jbs
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Federal Reserve Bank of St. Louis
n
TELEG RAM
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
LEASED WIRE SERVICE
WASHINGTON
January 19, 1938
Fookeral Reserve Examiner,
cfn I;-oderal Asserve 3uk of Dallas
iwa:errInt; your Januar. 16 letver, uuggest tubas time
)
,
and I:lac:4 ci meeting be left entirely pith Mr. Hoefer end
hi:, associates. M.1.1 wire you again as door+ a
Ir. Hoefer,
PAOUNCR
ELS/jbs
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Federal Reserve Bank of St. Louis
H
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we hear from
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BOARD OF GOVERNORS
JAN
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DIVISION OF EXAMINATIONS
Dallas, Texas,
January 18, 1938.
JAN
1938
DIVISION OF EXAMINATIONS
Mr. Leo U. Paulger, Chief,
Division of Examinations,
Board of Governors of the Federal Reserve System,
Washington, D. C.
Dear Mr. Paulger:
I am enclosing for your information copies of two letters
dated January 8 and January 17, 1938, which I received from Yr. C. A.
Worthington, First Vice President of the Federal Reserve Bank of Kansas
City, and copies of my replies to Mr. Worthington, dated January 10 and
January 18, 1938.
This constitutes all of the correspondence which I
have received up to date from any source, other than from the Board of
Governors, in regard to the proposed conference with bankers representing
banks located in thirteen counties in the western part of Missouri.
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Federal Reserve Bank of St. Louis
Awaiting your further instructions, I am
Very truly yours,
Federal
r
erve Examiner.
41)
( copy )
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BOARD OF GOVERNORS 1-1E'
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OF THE
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Dallas, Texas,
January 18, 1938.
Mr. C. A. Worthington, First Vice President,
Federal Reserve Bank of Kansas City,
Kansas City, Missouri.
Dear Mr. .iorthin ton:
This will acknowlcd -e your letter of January 17, 1933, with
reference to the proposed conference of bankers representing banks
located in thirteen counties in the western part of Missouri.
Inasmuch as the interests of two Federal Reserve banks are
involved in the natter it would seem that the selection of a place in
which to hold the recting should be left to the discretion of the Board
of Governors, and in order that the Board may have the advantage of the
facts which you outline I RM today forwarding a copy of your letter to
lhashin7,ton.
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Federal Reserve Bank of St. Louis
Vdth kind regards, I an
Very truly yours,
(Sgd.) E. R. Millard
Federal Reserve Examiner.
•
( copy )
REC'D IN FILES SECTION
/MI 1
FEDERAL RESERVE BANK
of
KANSAS CITY
L.
0
January 17, 1938.
Mr. E. R. Millard,
Federal Reserve Examiner,
c/o Federal Reserve Bank of Dallas,
Dallas, Texas.
Dear Mr. Millard:
One of the men who is interested in the application of the banks
in the thirteen counties in the western part of Lissouri for transfer to
this district informs me that at this season of the year it is difficult
to set the bankers away from their banks for a daytime meeting. He
thinks, however, that if the meeting were scheduled to be held in Kansas
City rather than in one of the cities in the thirteen counties, it would
be more generally attended because many of the bankers will have other business which they can transact in Kansas City on the day of the meeting.
Furthermore, Kansas City is more centrally located than any other point
that could be selected for such a meeting, but there is some hesitancy
about selecting Kansas City because of the fact that there might be some
intimation that it was being engineered by Kansas City banks. Er. Sam
Hoefer of Higginsville has now recovered from an attack of pneumonia and
there has been some discussion of a meeting about the 25th or 26th of
January. It will be appreciated if you will write me frankly whether
you have any feeling in the matter one way or the other. If you want
to have the meeting held in Higginsville or some other town, it can be
arranged, but it will probably not be as well attended.
Another suggestion has been made that you personally visit the
banks in the thirteen counties prior to the time of a general meeting
upon the subject. All of the banks could be visited by automobile
within two or three days or, if you prefer merely to visit a few of the
towns, it could be done in one day. The people who are vitally interested in this question are willing to cooperate in any way possible to
make it convenient for you, but are quite anxious that you get some firsthand knowledge of the Proximity of the various communities to Kansas City.
If a meeting is to be held next week, the interested parties
should know about it as promptly as possible; therefore, I will appreciate
an immediate reply.
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Federal Reserve Bank of St. Louis
With kind personal regards, I am
Yours very truly,
(Sgd.) C. A. Worthington,
First Vice President.
•
-
1 REC'D IN FILES SECTION
(
copy )
J N 1
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January 10, 1938
Mr. C. A. Worthington
First Vice President
Federal Reserve Bank of Kansas City
Kansas City, Mo.
Dear Mr. Worthington:
Kindly accept my sincere thanks for your offer of aid in
obtaining information with reference to the application of banks
in thirteen counties in the western part of Missouri for transfer
from the Eighth to the Tenth Federal Reserve District. In this connection, I reviewed thoroughly the files of the Federal Reserve Bank
of St. Louis during the recent examination of that bank and conferred
on the subject with those officers of tl-e St. Louis Reserve Bank who
handled the case. Since leaving St. Louis I have reviewed the Board's
file, and in order to view the situation from all angles, I should
like to review your files and discuss the matter with you when I arrive in Kansas City. Factual information, as you no doubt already
know, such as geographical location, time schedules, nature of territory served by the petitioning banks, etc., was prepared subsequent
to the filing of the petition last Summer, and although I cannot
think at this time of additional data which might be pertinent to
the case, it may be that the need will develop following the conference with the petitioning bankers.
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Federal Reserve Bank of St. Louis
As to a date for the conference with the petitioning bankers,
that appears to be solely dependent upon Yr. Hoefer's (of Higginsville,
Yo.) ability to recuperate from.a recent attack of pneumonia. The
Board is looking after that end of the matter and will advise MB as
soon as a date for the meeting is set.
Again thanking you for your offer of cooperation, I am,
Sincerely,
(Szd.) E. R. Millard,
Federal Reserve Examiner.
IN FILES SECTION!
( copy )
JAN 1. 9
FEDERAL RESERVE BANK
of
KANSAS CITY
January 8, 1938.
Mr. E. R. Millard,
Federal Reserve Examiner,
c/o Federal Reserve Bank of Dallas,
Dallas, Texas.
Dear Yr. Millard:
Mr. Morrill writes under date of December 30 that
you have been designated to visit this district in the near
future for the purpose of obtaining information with reference
to the application of banks in thirteen counties in the western
part of Missouri for transfer from the Eighth to the Tenth Federal
Reserve District. We have also received from the Board a package said to contain forms for your use in this connection, which,
of course, will be held until you call for them. In the meantime, if we can he of any service in obtaining data you may
desire, for inspection upon your arrival, please let me know
and INT will be glad to start work on it.
Some of the banks in the affected area have made
inquiry as to when you expect to be here, and if you care to
give MB any information as to the probable time of your visit,
I will be glad to pass it on to them.
I expect to be out of town next Friday and Saturday,
January 14 and 15, but do not know of anything which will take
me away for some time thereafter.
Assuring you that it will be a pleasure to have
you with us for this or any other purpose, I am
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Federal Reserve Bank of St. Louis
Sincerely,
(Sul.) C. A. Worthington,
First Vice President.
„
Y DIRECT WIRE FROM
CLASS OF SERVICE
This is a full-rate
Telegram or Cablegram unless its deferred character is indicated by a suitable
symbol above or preceding the address.
R. B. WHITE
INIEsIDEHT
(
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NEWCOMB CARLTON
NL = Night Letter
LC -,-- Deferred Cable
NLT =Cable Night Letter
J. C. WILLEVER
CHAIRMAN OF THE BOARD
Day Letter
NM 141ii;hi Message
FIRST VICE-PRESIOENT
Ct.:—
The filingfiling time shown in the date line on telegrams and day letters is STANDARD TIME at point of origin. Time of receipt is STANDARD TIME at point of destination.
WY120 16=HIGGINSVILLE MO JAN 14 1220P
CHESTER MORRILL=BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM=
ANSWERING YOUR WIRE TWELFTH UNABLE ARRANGE MEETING TUESDAY
JANUARY EIGHTEENTH WILL WIRE AGAIN IN FEW DAYS=
SAM H HOEFER. 224P.
THE COMPANY WILL APPRECIATE SUGGESTIONS FROM ITS PATRONS CONCERNING ITS SERVICE
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
•
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BOARD OF GOVERNORS
IN
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DIVISION OF EXAMINATIONS
Dallas, Texas,
January 13, 1938.
Mr. Chester Morrill, Secretary,
Board of Governors of the Federal Reserve System,
Washington, D. C.
Dear Mr, Morrill:
Your letter of December 30, 1937, together with all
inclosures enumerated therein, was received in Evanston on the
evening prior to my departure for Dallas, Texas.
Subsequent to the opening of the present examination
of the Federal Reserve Bank of Dallas, I have reviewed the information which was forwarded and have carefully noted all of the
suggestions contained in the second paragraph of your letter.
Having previously reviewed the files of the Federal
Reserve Bank of St. Louis in regard to the petition and having
conferred with the officers of that bank who handled the case, it
is my feeling that, after following a like procedure upon arrival
at Kansas City, I can enter the proposed conference with a complete
understanding of the situation in so far as the Board and the
interested Reserve banks are concerned.
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Federal Reserve Bank of St. Louis
Awaiting your further instructions, I am,
Respectfully yours,
E.
Mil ard,
Federal Reserve Examiner.
:. 148 b
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Federal Reserve Bank of St. Louis
TELEGRAM
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
LEASED WIRE SERVICE
WASHINGTON
sam R. tloofor
c/1. rne 364miterf3 Assaeition of Lafayette—lay Couatiee, Mo"
Mizmari
Referring your isituarl 8 linter* will it be agreeable for
r.r!p;nsentative of Board to nest with you and your associe;i
on Tuse4a70 J4nuary 18. If ea, 1:11wi3e adviiie Board by wire
time and piaci) of meeting you voal:i like to have Board
reprerJentative attend,
MORRILL
CoiY
----__—_—____—_—
SECTION
N FILSS
THE BANKERS ASSOCIATION
AN 1
OF
LAFAYETTE-RAY COUNTIES
2—
I o
January 8, 1938
OFFICE OF SECRETARY
LEXINGTON, MISSOURI
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Mr. Chester Morrill, Secretary
Board of Governors
Federal Reserve System
Washington, D. C.
Dear Sir:
I thank you for your letter of December 22 in which
is expressed a willingness on the part of the Board of Governors
to again review our request for the transfer of certain counties
in Western Missouri from the Eighth to the Tenth Federal Reserve
District.
When our original reouest was submitted, along with
petitions of the banks of the various counties, it was intentional
that only a few outstanding reasons were given from each county.
It was assumed that representatives of the Board would make a
thorough investigation, particularly in the counties involved,
and would ask for, weigh and discuss the reasons frorn each county
separately, inasmuch as some differences would be expected because
of location or otherwise.
I regret that I have not been more prompt in reolying to your letter, but I have been laid up from an attack of
pneumonia from which I am now convalescing. However, other
members of our committee will be only too glad to meet with your
representative at any time mutually convenient.
From your letter, I take it that your representative
will be in Kansas City reasonably soon. No doubt he will want to
do some preliminary work there first, but if he will get in toecbh
with me, I will see that arrangements are made to sunnly him with
additional information.
Yours very truly,
THE BANKF3S ASSOCIATION OF
LAFAYETTE—RAY COUNTIES, MO.
By
Sam H. Hoefer
Hig7insville, Mo.
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Federal Reserve Bank of St. Louis
•
RFC'D IN FTLEo S
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FEDERAL RESERVE BANK 1 i ' - 7 1933
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KANSAS CITY
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Tamary 3, 1937 1
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Board of Governors of
the Federal Reserve System,
Washington, D.C.
Gentlemen:
Attention - Mr. Morrill, Secretary.
embej_...M,_19.32,
Dec7--that Examiner E. R. Millard has been designated to represent
It is noted from your letter of
the Board in obtaining additional information from the banks
involved in the proposed transfer of thirteen counties in
the western part of Missouri from the jurisdiction of the
Eighth to the Tenth Federal Reserve District.
Any informa-
tion we may be able to furnish in this connection will be
given to Yr. Millard and we will see that the forms which
you are forwarding to him are held until called for.
Yours very truly,
II
/1
eo. H. Hamilton,
President.
FILES
D 33 GENERAL
3
JAN - tti 191 3
7,
t*
December 31, 1937.
Mr. E. R. Millard
Federal Reserve Examiner
The Oak Crest, 1570 Oak Avenue
Evanston, Illinois
Dear Mr. Millard:
Referring to eour December 29 letter,! your suggestion is noted
that it might be desirable to insert the city of St.Joseph, Lassouri,
as an extra column in the proposed form covering cash ictters forwarded
by banks in the thirteen Missouri counties from which ectitions have
been received 'or transfer to the Kansas City District.
It was our thought, in drawing up the above-mentioned form, that
correspondent hanks located in tie Federal aeservc bank city are in
oosition, because of their location, to give their correspondent bans
Letter service as regards collections, except or local items, than are
correspondent banks located elsewhere. It was for this reason, and
also because of the fact that the transfer )f these counties to the
K,nsas City District would presumably not materially affect the services
that correspondent banks in Staoseph are able to furnish, that we did
not provide a column for St.Joseph on the form, although we were aware
from a compilation made here that a number of banks in the thirteen
counties have correspondents in St.Joseph. In the case of the National
sever, it would seem that because of its
Stock Yards National Bank,
location it is possible for this bank to give approximately the same
service to its correspondents as can banks located in the city of
St.Louis. Accordingly, it is sueeested that any banks using the forms
furnished be re)uested to treat t'ae National Stock Yards National Bank
as a St.Louis hank in taeir re ,orts.
Very truly yoars,
Leo H. Paulger, Chief,
tivision of Examinations
1( ‘,7111v
1
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Federal Reserve Bank of St. Louis
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1111011 IN GENERAL FTLES
JAN -3 1938
•
December 30, 1937
Mr. G. J. HamilLon, President,
Federal Reserve Bam: of Kansas City,
Kansas City, Missouri
Dear Mr. Hamilton:
4 /with ihich was inReferring to my letter_of December 22 )
closed a copy of the Board's letter of the same date to Mr. Sam H.
Hoefer with respect to the proposed transfer of thirteen counties
in the western part of Missouri from thc jurisdiction of the Eighth
to the Tenth Federal Reserve District, the Board has decided to
send one of its examiners, Mr. E. R. Millard, to the area involved
early next year for the purpose of obtaining such information as
the banks requesting the transfer wish to have brought to the Board's
attention. It is quite possible that after hearing what the bankers
have to say Mr. Millard may decide to ask the banks to furnish certain information regarding cash letters and currency receipts. For
this purpose forms have been prepared and are being sent to Mr.
Millard in care of your bank. It will be appreciated if the forms
are held until called for by Mr. Millard.
It is quite possible that Mr. Millard may wish to discuss
this matter with you and some of the other officers of your bank
before visiting some of the banks requesting the transfer, and, if
so, it will be appreciated if you will bring to his attention any
information with respect to the proposed transfer which you think
mould be helpful.
Very truly yours,
Chester Morrill,
Secretary.
ON0N,,
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Federal Reserve Bank of St. Louis
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REC'D IN GENERAL Fir vs ,
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JAN — 3 19311
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7 --,•••
December 30, 1937
Mr. E. R.,Millard,
Apt. 706, The Oak Crest,
1570 Oak Avenue,
Evanston, Illinois
Dear Mr. Millard:
For your use in connection with your proposed conference with
Mr. Sam H. Hoefer, President, The Bankers' Association of Lafayette
Ray Counties, Missouri, or perhaps with Mr. Zimmerman if he has taken
Mr. Hoefer's place in this connection, and representatives of some of
the banks which have recluested that thirteen of the counties in the
western part of Missouri be transferred from the Eighth to the Tenth
Federal Reserve District, there is inclosed a copy of a memorandum
submitted to the Board of Governors under date of October 8 with respect to the proposed transfer, a copy of the Board's letter of
October 29 to Mr. Hoefer advising him that the Board has concluded
that it would not be warranted in transferring the thirteen counties
from which petitions were received from the jurisdiction of the
Eighth to that of the Tenth Federal Reserve District, a copy of Mr.
Hoeferts letters of November 10 to the Board and tc Mr. Morrill requesting a reconsideration by the Board of the proposed transfer,
and a copy of the Board's letter of December 22 to Mr. Hoefer advising him that the patter will be reconsidered by the Board and
that a representative of the Board will be seat to the area involved shortly after the first of the year for the purpose of obtaining such additional information as he and the banks requesting
the transfer may wish to have brought to the Board's attention.
There is also inclosed a copy of each of two forms, one relating
to analysis of cash letters forwarded for collection by banks in the
thirteen counties during the month of November, and the other relating to currency and coin received from out of town banks during
the month of November. The form relating to cash letters shows
separately all points on which the time schedules of the St. Louis
and Kansas City banks differ. Unless it appears from your conference with Mr. Hoofer and his associates that the assembling of
the information called for on these forma would serve no useful
purpose, it is suggested that you leave with Mr. Hoefer a sufficient supply of the forms to enable him to supply three copies to
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Federal Reserve Bank of St. Louis
JAirt.7‘.
(1./
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Mr. E. R. Millard - #2
each bank requesting the transfer with the request that the data be
compiled at their colivenience and forwarded to the Board along with
any other information they may wish to have the Board consider. As
previously stated, it is understood, of course, that you will make
it clear to the bankers attending the conference that you will be
glad to communicate to the Board all information brought to your
attention with respect to the proposed transfer. A supply of the
forms relating to cash lettera and currency receipts is being forwarded
to the Federal Reserve sank of Kansas City with the request that they
be held until called for by you.
We shall communicate with you further on this matter after we
have received a reply from Ur. Reefer to our letter of December 22,
Very truly yours,
Chester Morrill,
Secretary.
Inclosures
ELS/jb
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
CO
•••••••••••••••••••
(Name and loction of bnk)
(MemL.or or nonmember b&nk)
auras OF CASH LETTERS FORWXRDED FOR COLLECTION DULING MONM
F a0VLIBER, 1937
Ca§h letters forwarde4 to
_
E. h. Bank Corresponeent Correspondent'
of
banks ir.
rik8 in
1
Other
St. Louis
St. Louis
naa. City LCorr,
npondents
1. Total amount of cash letter
2. Time of departure of train
on which cash letters are
usually dispatched
3. Time cash letters usually
arrive at destination
4. Amount of ite.:15 payable in —
Tenth ListricS4
Kansas City, Mo.
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okia.
duskogee, Okla.
Oklahoma (All other)(a)
Elsewhere in 10th List.
E4hth Idstrict:
Arkansas
Illinois (I)
Louisville, K.
Kentucky (ial other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
2emphis (b)
idsewhere in 8t4 Dirt.
Other Dlstrist
DallaE, Texas
Idaho
Xinnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, Ash.
South Dakota
Spokane, Wash.
Utah, except Salt Lake City
Wisconsin
Eoston„ Mass.
Charlotte, N. C.
Illinoir,,excopt Chief
-go (d)
Kentucky e)
Ohio
Tcnh.
Tennessee (iii c'th r) (r)
hichmona, Va.
All other
Total (should agree with
item No. 1)
a. Locuted in Tenth District
b. Located in highth District
41‘,/
c. Located. in Eleventh District
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Federal Reserve Bank of St. Louis
d. ,oc„tc,C in Seventh Diztrict
e. .iocated in Fourth Liztrict
f. Located in Sixth District
(Name and location of bank)
(1lember or nonmember bank)
CUhEENCY LND COIN 1:1CLIPTS Fh0„1 OUT OF TON BANKS DUIIING MONTH OF NOVhaal 1937
Amount
Currency I Coin
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
j
I
Date
shipped
Date
received
Bank from
which received
(Name and location of bank)
(Member or nonmember bank)
S OF CASH LETTERS FORWARDED FOR COLLECTION DURING MONTH OF NOVEMBER, 1937
Cash letters forwarded to F. R. Bank Correspondent Correspondent
of
banks in
• banks in
Other
St. Louis
St. Louis
Kansas City Correspondents
1. Total amount of cash letters
2.
ime of departure of train
on which cash letters are
usually dispatched
Time cash letters usually
arrive at destination
4. Amount of items payable in
Tenth District:
Kansas City, Mo.
State of Kansas
Denver, Colo.
Colorado (All other)
Tulsa, Okla.
Muskogee, Okla.
Oklahoma (All other)(a)
llsewhere in 10th Diet.
Eighth District:
Arkansas
Illinois (b)
Louisville, Ky.
Kentucky (All other) (b)
Missouri:
13 petitioning counties
All other (b)
Tennessee, except city of
Memphis (b)
Elsewhere in 8th Dist.
Other Districts:
Dallas, Texas
Idaho
Minnesota
North Dakota
Oklahoma (c)
San Francisco, Calif.
Seattle, Wash.
South Dakota
Spokane, Wash.
Utah, except Salt Lake City
Wisconsin
Boston, Mass.
Charlotte, N. C.
Illinois, except Chicago (d)
Kentucky (e)
Ohio
Nashville, Tenn.
Tennessee (all other) (f)
Richmond, Va.
All other
Total (should agree with
item No. 1)
a. Located in Tenth District
b. Located in Eighth District
c. Located in Eleventh District
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Federal Reserve Bank of St. Louis
d. Located in Seventh District
e. Located in Fourth District
f. Located in Sixth District
(Name and location of bank)
(Member or nonmember bank)
CURRENCY AND COIN RECEIPTS FROM OUT OF TON BANKS lii.thIG MONTH OF NOVEthaft, 1937
Amount
Currency i Coin
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Date
shipped
Date
received
Bank from
which received
Si
)e
.41
OAK C REShREc t° J A t
INN ,i
1570 OAK AVENUE
EVANSTON.ILLINOIS
Mr. Leo H. Paulger,
Chief, Division of Examinations,
Board of Governors of the Federal
Reserve System,
Washington, D. C.
FILES
1938
1_0
mber 29, 1957
("(
cr%
a)
(e,
Dear ;Ir. Paulger:
buy travel authorization and certificate for 1:J57
are enclosed and receipt of travel authorization and certificate
for the year 1958 is hereby acknowledged.
I also received copies of the proposed forms which
it is intended to have distributed among the various interested
banks which are represented by Mr. Hoefer of Higginsville, Missouri.
The form for currency and coin receipts would appear to be adequate
to serve the purpose for which it is intended. With respect to the
cash letter form, it may be that you will wish to insert St. Joseph,
Missouri, as an extra column after reviewing the information given
below.
Since all thirteen of the counties are primarily
cattle feeding areas and since the great majority of banks located
in these counties are nonmembers, I checked all of the banks in these
counties with the final 1957 edition of the Rand McNally Blue Book
and found that receipts for livestock shipments are credited at four
points, namely, St. Joseph, Kansas City, St. Louis, (all Missouri)
)
and National Stock Yards, III. In the tabulation on the following
page, I have listed the counties, with respect to their location on
the map, from left to right and from north to south. It is interesting to note that the northern-most counties deal rather extensively
with St. Joe and that the ratio of Kansas City accounts to St. Louis
accounts, is approximately 4 to 1. I might mention that I compiled
this informationswhile in St. Louis, in order to obtain as thorough
an understanding of the situation as possible before leaving that
point.
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Federal Reserve Bank of St. Louis
'A'e OAK CREST
1570 OAK AVENUE
EVANSTON,ILLINOIS
Name of county
Harrison
Mercer
Daviess
Grundy
Caldwell
Livingston
Ray
Carroll
Lafayette
Johnson
Henry
St. Clair
Cedar
Number of
banks in
county
7
5
6
6
5(a)
3
5
8
10
7
8
3
2
71
Number of corresondent bank accounts
St. Joe Kan. City St. Louis Nat. Stk. Yds.
Mo
Mo.
Mo.
9
1
6
1
2
-
6
4
8
6
6
4
10
12
15
10
11
4
2
2
4
4
98
28
8
5
4
1
-
1
2
4
3
1
1
-
-
(a) Does not include the First Bank and Trust Company, Hamilton, lo.,
a nonmember bank which signed the petition and which, according
to the records of the FRB of St. Louis, closed on 7-26-57.
The foregoing is the only additional information
that I can think of which you may desire in making an analysis of
cash letters forwarded by the interested banks for collection.
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Federal Reserve Bank of St. Louis
Respectfully yours,
OAK CREST
1570 OAK AVENUE
EVANSTON,ILLINOIS
December 26, 1:37.
DEC 27 1937
Mr. Leo H. Paulger, Chief,
Division of Examinations,
Board of Governors of the
Federal Reserve System,
Washington, D. C.
DIVISION OF EXAMINATIONS
Dear Mr. Paulger:
It is my intention to remain in Evanston until it
is necessary to depart for Dallas.
Under ordinary circumstances, I
would leave Chicago on Jt;nuary 4th, which woulu allow me to arrive
in Dallas the day prior to the opening of the examination. However,
if ;ou should desire that I remain a day or so longer in order to
confer with Mr. Hoefer en route, it probably would not work an
undue hardship on those examiners who have been assigned to the
head office since two senior examiners (Messrs. Siems and Dougal)
will be at Dallas, in addition to myself.
Prior to my departure from St. Louis, I made a
thorough study of the files and conferred with Vice Presidents
Wood and Atterbery, and I feel that I have as complete a background
of the case as can be gained from that source.
As a matter of
current information, the Missouri Bankers' Association distributed
a circular, under date of December 20, 1937, which shows the
president of the Lafa;ette-Ray County bankers to be a Mr. D. T. Zimmerman of Lawson, Missouri.
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Federal Reserve Bank of St. Louis
Apparently, Mr. Hoefer's term expired.
'A'e OAK CREST
1570 OAK AVENUE
EVANSTON,ILLINOIS
Page 2.
On Christmas morning) Mrs. Millard and I talked to th,Newman family in Elgin and learned that Harold had had a second
operation and that he
before Christmas.
Was
released from the hospital on the day
We are having dinner with the family in Elgin
today and, with the thought in mind that perhaps you would be
interested in how he is recuperating) I will drop you a note after
we return.
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Federal Reserve Bank of St. Louis
With best wishes for a Happy New Year, I am)
Re pectfully yours)
E. . Millard)
Apart nt 706)
The Oak Crest)
1570 Oak Avenue)
Evanston) Ill.
Telephone: Greenleaf 1500
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Federal Reserve Bank of St. Louis
RIC'D IN OZNISRAL
FILES
DEC 2 7 1937
?4, 2 -- )
/
December 23, 1937.
Mr. E. R.
1570 Oak Avenue,
Evanston, Illinois.
Dear Mr. Millard:
With reference to our tele .tone conversa
tion and recent
correspondence concerning certin bank
s and counties in Western
Missouri, represented by 4.1r. Hoeffer
.
of Higginsville, Missouri,
it is proposed that additional informat
ion will be obtained from
the banks on forms similar to those enclo
sed herelkith.
I believe, speak for themselves.
It is propose
The for:.,
that these forns
will be mimeographed and forwarded to
you, in care of the Federal
Reserve Bank of Kansas City, to be held
until you cell for them.
You will probably be asked to heve these
distributed, through Hr.
Hoeffer, to the various interested bErs
, in order that the information may be accumulcrted, returned to
us End used in determining
whether or not it has any particular
bearing on the case in question.
Ifter looking these forms over, if
you have any questions
or suggestions regarding them, I 10;1.11
be glad to have you write 71e.
Ihith personal regards, I am
Very truly yours,
i47xaminations.
I
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Federal Reserve Bank of St. Louis
REC'D IN GENERKL FILFE1
JAN 3 1938
/,4)
7 7
Mr. Y;. licC. Martin, President,
Federal lieserve Lank of Et. Louis,
Lt. Louis, Missouri.
Dear Mr. Martins
For your information, theru
iE
inclosed a copy of a letter,
dated November 10, received by the Board from Mr. Em. H. Hoefer,
The Bvnkers Association of Lafayette-Ray Counties, 4issouri, together
Tdth b copy of tilt: Board's reply thereto.
Very truly yours,
Chester Morrill,
Secretary.
IncloEures.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
0REWD..L.
JAN3 kiOu
7-,•7.• /
Mr. G. H. Hamilton, President,
Federal heserve Bank of Kansas City,
Kansas City, Missouri.
Dear Mr. Hamilton*
For your information, there is inclosed a copy of a letter,
dated November 10, received by the Board from Mr. Eam H. Hoefer,
The Bankers itai:ociation of Lafayette-Eay Counties, lissouri, together
with a copy of the Board's reply tnereto.
Very truly yours,
Chester Morrill,
Eecretz,ry.
Inclosures.
1.4
ki
POtt''
Lbel
a
0r
RC'D IN GENERAL mgs
JAN 3 1938
7 -7,• 7,
Mr. Sam H. Hoefer,
The Bankers Association of
Lafayette—Ray Counties, Missouri,
c/o Bank of Higginsville,
Higginsville, Missouri.
Dear Sir:
Your letter to the Board dated November 10, inclosed with your letter
to me of the some date, has received the consideration of the Board.
Before taking action on the request that thirteen counties in western
Missouri be transferred from the Eighth to the Tenth Federal Reserve District,
of which you were advised in the Board's letter of October 29, 1937, the
Board reviewed and considered 1J1 of the information submitted by the banks
requesting the transfer, together with other data compiled for its use.
Such information appeared to the Board to be adequate to enable it to reach
a decision Ath respect to the proposed transfer. In view of your request,
however, the Board will again review this matter and will send one of its
on representatives to the area involved shortly after the first of the year
for the purpose of obtaining such additional information as you and the
banks reouesting the transfer wish to have brought to the Board's attention.
It is assumed that you will wish to call a meeting, to be attended
by representtiver from a number of the banks rec_uesting the transfer of
certain counties from the Eighth to the Tenth Federal Reserve District,
at which a representative of the Board will be present, and, if so, your
advice will be appreciated as to the date on which it will be most con—
venient for you and your associates to hold such meeting.
The Board's representative, after being advised of any additional
information which the banks requesting the transfer would like to have
the Board consider, may wish to leave with you certain forms calling for
the assembling of data with respect to transit and cash operations of
the petitioning banks. The Board will be glad to consider fully all in—
formation furnished its representative and any other information which
the banks may desire to bring to the Board's attention in connection
with the proposed transfer.
Very truly yours,
LS/jbs
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Federal Reserve Bank of St. Louis
_Chester Morrill,
C
Sec
iREC'D IN GENERAL FILES1
DEC 2 1 1937
,
1/ 7
December 20, 1937.
Mr. E. R. Millard,
Federal Reserve Examiner,
c/o Federal Reserve Bank of St. Louie,
St. Louis, Missouri.
Dear Mr. Millard:
Saturday, after my conversation with you, Mr. Morrill
)ut a 'phone cell in for Mr. Hoeffer of Higginsville,
Missouri, to
discuss plans for a further consideration of their
reeuest. Mr.
Morrill was advised by the telephone operator that
Mr. Hoeffer was
seriously ill with pnemonia and would not be able to
talk over the
'phone, probably until next week sometime.
This illness of Mr.
Hoeffer's puts a different complexion on the whole
question and it
will probably be sometime after the first of
the year before the
matter may be discussed with him. It was for these
reasons that I
wired Mr. Slams to advise you that action in
the liatter had been
deferred. I did not wish to have the matter inter
fere with your vacation pions any more than necessary and I am hopef
ul that it has not.
As I suggested to 1dr. Siems in the telegram,
I think it
will be wise for you to be informed as fully as
possible of whatever
facts the Federal Reserve Bank in St. Louis may have
in their
possession, in order that you have as complete
a beckcround as possible
,hen the matter is discussed.
It is my thought that probably scoeti,ne after the
first
of the year uill be as early a date as possib
le for its consideration,
and, if our plans do not change in the meantime,
we will probably arrange
with you to stop off at Kansas City on your way
to the next examination,
to discuss the matter on the ground with Mr.
Hoeffer and his associates.
In the meantime, you might advise me if you plan
to change your vacation
address. Please do not change your vacation plans
on account of this
matter; just let MR know uhere you may be reach
ed in case I should
desire to get in touch with you.
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Federal Reserve Bank of St. Louis
Lith every good wish for a hapcy holiday season,
I am
Very sincerely yours,
L
-
stn pl,7x
1i/ )
inetions.
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Federal Reserve Bank of St. Louis
TELEGRAM
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
LEASED WIRE SERVICE
WAS H I N GTO N
December 1P, 1937.
Stems
6t. Louis
Re telephone, conversation this morni
ng stop, Please ed71se
Millard inquiry develops that
Hooffer ill with pneumonia, there
fore,
Millerd need reke no arrnngemen
ts until further notice stop Succe
st,
however, that he discuss situE'Aion
fully with toofl end Eny others in
bank who have information beari
ng on matter before Millard lecve
s
for vacation..
PAULGER
Form F. B. 131
BOARD OF GOVERNORS
OF THE
•
FEDERAL RESERVE SYSTEM
Office Correspondence
Mr. &lead
To
From
Mr.
Date
December 16, 1937
Subject:
rick
In accordance with your request, I have prepared the attached
statements showing certain information regarding the banks in the
thirteen counties in western Missouri from which petitions have been
received requesting to be transferred from the Eighth to the Tenth
Federal Reserve District.
These statements are as follows:
1.
Principal correspondents of member and nonmember
banks in the thirteen counties.
2.
Summary statement showing number of cases in which
principal correspondents of banks in the thirteen
counties are located in Kansas City, St. Louis,
St. Joseph, National Stock Yards, Ill., New York,
Chicago, and other cities.
3. Eligibility for membership in Federal Reserve
System of nonmember banks in the thirteen counties
based on amount of capital; also nonmember banks
that are not on the par list.
Attachments.
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Federal Reserve Bank of St. Louis
IN GMERAL FILES
•
J N 3 1938
L
e
Principal Correspondents of Member and Nonmember Banks in Thirteen Counties
in Missouri from which Petitions Have Been Received Requesting To Be Transferred from the Eighth to the Tenth Federal Reserve District
Countyt City and Name of Bank
Principal correspondents
Caldwell
Braymer, First National Bank
Cowgill, First National Bank in
Carroll
Bosworth, First National Bank
**Carrollton, First National Bank
Carrollton, Carroll County Tr. Co.
Daviess
Gallatin, First National Bank
***Trenton, Trenton National Bank
Harrison
Bethany, First National Bank
Cainsville, First National Bank
Ridgeway, Farmers National Bank
Henry
**Clinton, Union State Bank of
Johnson
**Warrensburg, Peoples National Bk.
Livingston
**Chillicothe, Citizens Nat. Bank
Ludlow, Ludlow National Bank
Corn. Tr. - Interstate Nat., Kan. C.
Stk. Yds. N. - Corn. Tr. Co., Kan. C.
Cont.I11.N.Bk.f&Tr.Co.,Chi.; Corn. Tr.
and City N. Bk. & Tr., Kan. C.
Chase Nat., N. Y.; Mtle.-Com. Bk. & Tr.
Co., St. L.; 1st N. and Corn. Tr. Co.,
Kan. C.
Chase N., N. Y.; Miss. Valley Tr.,
St. L.; Corn. Tr. and let N., Kan. C.
1st Na. and Corn. Tr. Co., Kan. C.;
St. Jo. Stk. Yds., St. Jo.
Chase N., N. Y.; 1st N., Chi.
1st Na., St. Jo.; Tra. Gate City N.,
Kan. C.
Ia.-Des M. N. Bk. & Tr., Des M.;
Tootle-Lacy N., St. Jo.; Un. N.,
Kan. C.
Am. N., St. Jo.; Corn. Tr. Co., Kan. C.
Tra. Gate City N., Kan. C.; 1st N.,St.L.
Gty. Tr., N.Y.; Corn. Tr., Kan. C.;
Miss. Valley Tr. Co., St. L.
1st N., Chi.; N. Stk. Yds. N., N. Stk.
Yds; Corn. Tr. Co., Kan. C.
Corn. Tr. and Inter-State N., Kan. C.;
Tootle-Lacy N., St. Jo.
Only those counties are listed in which there were any member banks.
Did not sign a petition for transfer from the St. Louis to the Kansas City district
1937 it desired to withdraw from the petition.
***Advised Board on September
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Federal Reserve Bank of St. Louis
8,
•
•
2
County
Principal correspondents
City and Name of Bank
NONMEMBER BANKS
Caldwell
Hamilton, First Bank & Trust Co.*
Polo, Farmers Bank
Carroll
Bogard, Farmers Bank
Hale, Farmers & Merchants Bank
Norborne, Citizens Bank of Norborne
Tina, Bank of Tina
Cedar
Eldorado Springs, Tr -County State Bank
Stockton, Sac River Valley Bank
Daviess
Coffey, Bank of Coffey
Gallatin, Bank of Gallatin
Jamesport, Home Exchange Bank
Pattonsburg, First State Bank
Winston, Winston Bank
Grundy
Galt, Cook & Vencill Bank
Laredo, Citizens Bank
Spickard, Bank of Spickardsville
Spickard, Peoples State Bank
Trenton, Trenton Trust Co.
Harrison
Bethany, Bethany Trust Co.
Blythedale, Citizens Bank
Gilman City, Farmers Bank
New Hampton, First State Bank
63
*Suspended - 7/2 / 7.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Un. N. and Corn. Tr. Co., Kan. C.
Un. N., Kan. C.; Carroll Co. Tr. Co.,
Carrollton
Corn. Tr. Co., Kan. C.; N. Stk. Yds. N.,
N. Stk. Yds., Ill.; Carroll Co. Tr.,
Carrollton
1st N., St. L.; 1st N. and Corn. Tr.,
Kan. C.
Inter-State N., Kan. C.; N. Stk. Yds. N.,
N. Stk. Yds., Ill.
Un. N., Kan. C.
1st N., Kan. C.; Union N., Springfield
Tra. Gate City N., Kan. C.; 1st N., St. Jo.
Inter-St. N. and Corn. Tr. Co., Kan. C.;
Tootle-Lacy N., St. Jo.
Corn. Tr. Co., Kan. C.; Trenton Tr. Co.,
)
Trenton; Am. N. St. Jo.
Corn. Tr. Co., Kan. C.; 1st N., St. Jo.;
N. Stk. Yds. N., N. Stk. Yds., Ill.
Corn. Tr. Co., Kan. C.; Tootle-Lacy N.,St.Jo
Chase N., N.Y.; 1st N., Chi.; Inter-State
N., Kan. C.
Tra. Gate City N., Kan. C.
Corn. Tr., Kan. C.; Boatmen's Nat., St. L.
Corn. Tr. Co. and Un. N., Kan. C.;
Trenton Tr. Co., Trenton
Corn. Tr. Co., Kan. C.; Am. N., St. Jo.;
1st N., St. L.
Cont. III. N. Bk. & Tr. Co., Chi.; Am.
St. Jo.; Corn. Tr. Co., Kan. C.
1st N. and Tootle-Lacey N., St. Jo.
Am. N., St. Jo.; Inter-State N., Kan. C.
Tootle-Lacy N. and Am. N., St. Jo.; Corn.
Tr. Co., Kan. C.
I
3
County, City and Name of Bank
Principal correspondents
NONMEMBER BANKS (contld)
Henry
Blairstown, Farmers Bank
Brownington, State Bank of Brownington
Calhoun, Citizens State Bank
Deepwater, Farmers Bank
Montrose, Montrose Savings Bank
Urich, Bank of Urich
Windsor, Citizens Bank
Johnson
Holden, Bank of Holden
Holden, Farmers & Commercial Bank
Knobnoster, Bank of Knob Noster
Knobnoster, Peoples State Bank
Leeton, Bank of Leeton
ibarrensburg, Citizens Bank
Lafavette
Alma, Alma Bank
Concordia, Concordia Bank
Corder, Corder Bank
Higginsville, Bank of HigEinsville
Lexington, Commercial Bank
Lexington, Lexington Says. Tr. Co.
Mayview, Farmers Bank
Napoleon, Napoleon Bank
Odessa, Bank of Odessa
Ii4ellington, Wellington Bank
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Federal Reserve Bank of St. Louis
Inter-State N. and City N. Bk. & Tr. Co.,
Kan. C.
Corn. Tr., Kan. C.; Mtle.-Com. Bk. & Tr.,
St. L.
Corn. Tr., Kan. C.; N. Stk. Yds. N., N.
Stk. Yds., Ill.
Corn. Tr. Co. and Inter-State N., Kan. C.
Inter-State, Kan. C.; N. Stk. Yds. N.,
N. Stk. Yds., Ill.
let N., St. L.; 1st N. and Corn. Tr. Co.,
Kan. C.
let N., St. L.; N. Stk. Yds. N., N. Stk.
Yds., Ill.; Coin. Tr., Kan. C.
Corn. Tr., Kan. C.; Miss. Valley Tr. Co.,
St. L.
let N., C. N. Bk. & Tr. Co. and Tr. Gate
C. N., Kan. C.; N. Stk. Yds. N., N. Stk.
Yds., Ill.
Corn. Tr. Co, Kan. C.; 1st N., St. L.
Mtle.-Com. Bk. & Tr. Cc., St. L.; Tra.Gate
City N., Kan. C.; N. Stk. Yds. N., N. Stk.
Yds., Ill.
Inter-State N. and Tra. Gate City N., Kan. C.
N. Stk. Yds. N., N. Stk. Yds., Ill.
Cent. Han. Bk. & Tr.,N. Y.; Mtle.-Com. Bk.
& Tr., St. L.; 1st N., Kan. C.; N. Stk.
Yds. N., N. Stk. Yds., Ill.
1st N., St. L.; Corn. Tr. Co., Kan. C.
Southeast State and Mtle. Home Bk. & Tr.,
Kan. C.; Boatmens N., St. L.
Tra. Gate City N. and Corn. Tr. Co., Kan. C.
Chem. Bk. & Tr., N. Y.; let N., Chi.;
Mtle.-Com. Bk. & Tr., St. L.; City N. Bk.
& Tr., Kan. C.
1st N., Chi.; Corn. Tr. and let N., Kan. C.;
let N. and Mtle.-Com., St. L.
Chase N., N. Y.; City N. Bk. & Tr. Co. and
let N., Kan. C.; 1st N., St. L.
Un. N. and Corn. Tr., Kan. C.
Produce Ex., Kan. C.
let N., Chi; 1st N., Kan. C.; 1st N., Et. L.
Corn. Tr., Kan. C.; Mtle.-Com. Bk. & Tr.,
St. L.
•
•
4
County, City and Name of Bank
Principal correspondents
NONMEMBER BANKS (cont,'d.)
Livingston
Dawn, Community Bank
Mercer
Mercer, People's Bank
Princeton, Farmers State Bank
Princeton, Princeton State Bank
RaY
Lawson, Lawson Bank
Orrick, Bank of Orrick
Orrick, Citizens Exchange Bank
Richmond, Banking House of
J. S. Hughes
Richmond, Exchange Bank
.t.Q:t. Clair
Appleton City, Citizens Bank
Lowry City, Lowry City Bank
Osceola, Johnson-Lucas Banking Co.
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Federal Reserve Bank of St. Louis
Citiz. N., Chillicothe; Coin. Tr. Co., Kan. C.;
1st St. Jo. 'Stk. Yds., So. St. Jo.
Com. Tr., Kan. C.; Iowa Des M. N., Des M.
Coin. Tr. Co. and 1st N., Kan. C.
Un. N., Kan. C.; Tootle-Lacy N., St. Jo.
Un. N., Tra. Gate City N., and Corn. Tr. Co.,
Kan. C.
Mtle.-Corn. Bk. & Tr. Co., Et. L.; 1st N. and
Inter-State N., Kan. C.
1st N., Chi.; 1st N., St. L.; Corn. Tr. Co.,
Kan. C.
1st N. and City N. Bk. & Tr. Co., Kan. C.;
1st N., St. L.
Miss. Valley Tr., St. L.; Corn. Tr. and 1st N.,
Kan. C.
N. Stk. Yds. N., N. Stk. Yds., Ill.; 1st N.,
St. L.; Corn. Tr. Co., Kan. C.
1st N., Kan. C.
1st N. and Un. N., Kan. C., Mo.
PRINCIPAL CORRESPONDENTS OF BANKS IN THIRTEEN COUNTIES IN WESTERN MISSOURI
FROIV VkiHICH PETITIONS HAVE BEEN RECEIVED REOESTING TO BE TRANSFERRED FROM THE EIGHTH TO THE TENTH
64
OD
FEDERAL RESERVE DISTRICT
co
CD
(Source: Rand McNally Bankers Directory, Final 1937 Edition)
.-
tt
and
Eine 4'4 nk
00111fitti
Kansas
City
Principal correspondents located in Natl.Stk. New
St.
St.
Chicago
YardslIll. York
Joseph
Louis
MEMBER BANKS
Caldwell
Braymer, First National Bank
Cowgill, First National Bank in
X
X
Carroll
Bosworth, First National Bank
Carrollton, First National Bank (a)
Carrollton, Carroll County Tr. Co.
X
X
X
Daviess
Gallatin, First National Bank
X
X
X
X
X
X
X
X
Other
cities
X
X
X
X
X
Grundy
Trenton, Trenton National Bank (b)
Orrison First National Bank
Bethany,
Cainsville, First National Bank
Ridgeway, Farmers National Bank
Henry
Clinton, Union State Bank of
X
X
Johnson
Warrensburg, Peoples National Bank (a)
X
X
Livingston
Chillicothe, Citizens National Bank (a)
Ludlow, Ludlow National Bank
X
X
X
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(a)
X
X
X
X
Page #2.
County, City and
name of bank
Kansas
City
NONITiABER BANKS
Caldwell
Polo, Farmers Bank
X
Orroll
Bogard, Farmers Bank
Hale, Farmers & Merchants Bank
Norborne, Citizens Bank of Norborne
Tina, Bank of Tina
X
X
X
X
Cedar
Eldorado Springs, Tri-County State Bank
Stockton, Sac River Valley Bank
X
X
Daviess
Coffey, Bank of Coffey
Gallatin, Bank of Gallatin
Jamesport, Home Exchange Bank
Pattonsburg, First State Bank
Winston, Winston Bank
Principal correspondents located in I Other
St.
St.
Natl.Stk.
New
Joseph
Yds.,I11.
York
cities
Louis
Chicago
X
X
X
X
X
411
Grundy
Galt, Cook & Vencill Bank
Laredo, Citizens Bank
Spickard, Bank of Spickardsville
Spickard, Peoples State Bank
Trenton, Trenton Trust Co.
Harrison
Bethany, Bethany Trust Co.
Blythedale, Citizens Bank
Gilman City, Farmers Bank
New Hampton, First State Bank
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
Page #3.
County, City and
name of bank
Kansas
City
Principal correspondents located in St.
Natl.Stk.
St.
New
Joseph
Yds.,I11.
York
Chicago
Louis
Other
cities
NONMEBER BANKS (contld)
Henry
BlairstoJn, Farmers Bank
rownington, State Bank of Brownington
aoun, Citizens State Bank
lh
Deepwater, Farmers Bank
Montrose, Montrose Savings Bank
Urich, Bank of Urich
Windsor, Citizens Bank
X
X
X
X
X
X
X
Johnson
Holden, Bank of Holden
Holden, Farmers & Commercial Bank
Knobnoster, Bank of Knob Noster
Knobnoster, Peoples State Bank
Leeton, Bank of Leeton
Warrensburg, Citizens Bank
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
W
Lafayette
Alma, Alma Bank
"'Concordia, Concordia Bank
Corder, Corder Bank
Higginsville, Bank of Higginsville
Lexington, Commercial Bank
Lexington, Lexington Savings Tr. Co.
Mayview, Farmers Bank
Napoleon, Napoleon Bank
Odessa, Bank of Odessa
Wellington, Wellington Bank
Livin7ston
Dawn, Community Bank
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
Page #4.
County, City and
name of bank
Kansas
City
NONMEMBER BANKS (cont'd)
Mercer
digAercer, People's Bank
IIIPrinceton, Farmers State Bank
Princeton, Princeton State Bank
Principal correspondents located in St.
New
St.
iNatl.Stk.
Joseph 1Yds.,I11.
York
Louis
Chicago
X
X
X
X
X
Ray
Lawson, Lawson Bank
Orrick, Bank of Orrick
Orrick, Citizens Exchange Bank
Richmond, Banking House of J. S. Hughes
Richmond, Exchange Bank
X
X
X
X
X
St. Clair
Appleton City, Citizens Bank
Lowry City, Lowry City Bank
Osceola, Johnson-Lucas Banking Co.
X
X
X
X
68
26
Illrotals, 70 banks*
*Exclusive of First Bank & Trust Co.,
Hamilton, Missouri, which suspended
7-26-37.
(a)Did not sign a petition for transfer from the
St. Louis to the Kansas City district.
(b)Advised Board on September 8, 1937 it desired
to withdraw from the petition.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Other
cities
X
X
X
X
X
17
12
8
9
8
"I
REL"D Ifi GENERAL
FILM
JAN -3 1938
ELIGIbILITY FOR MEMBERSHIP IN FEDERAL RESERVE SYSTEM OF NONMEMBER BANIN THIRTEEN COUNTIES IN viESTERN MISSOURI FROM vvHICH PETITIONS HAVE BEEN
RECEIVED REQUESTING TO BE TRANSFERRED FROM THE EIGHTH TO THE TENTH FEDERAL RESERVE DISTRICT
(All banks are on the par list unless otherwise indicated)
Eliibl a
County, City and name of bank
Caldwell
Hamilton, First Bank & Trust Co.#
Polo, Farmers Bank
•
Carroll
Bogard, Farmers Bank
Hale, Farmers & Merchants Bank
Norborne, Citizens Bank of Norborne
Tina, Bank of Tina
Cedar
Eldorado Springs, Tr -County State Bank*
Stockton, Sac River Valley Bank
•
•
ae
Not eligible
X
s-
sP6
, '
;/7
67-0
X
X
Daviess
Coffey, Bank of Coffey
Gallatin, Bank of Gallatin
Jamesport, Home Exchange Bank
Pattonsburg, First State Bank
Winston, Winston Bank
Grundy
Galt, Cook & Vencill Bank
Laredo, Citizens Bank*
Spickard, Bank of Spickardsville
Of Spickard, Peoples State Bank
Trenton, Trenton Trust Co.
P`O‘
21
ilL
Harrison
Bethany, Bethany Trust Co.
Blythedale, Citizens Bank
• - Gilman City, Farmers Bank
•
New Hampton, First State Bank
„5-0
Henry
Bluirstown, Farmers Bank
Brownington, State Bank of Brownington
Calhoun, Citizens State Bank
Deepwater, Farmers Bank
Montrose, Montrose Savings Bank
2 6 Urich, Bank of Urich
.
Windsor, Citizens Bank
#Suspended 7-26-37.
*Not on par list.
/0
/0
/,
/e>
.gl.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
)3
-3
/o7
/f;
/ / .;
i?o
1 0/
//L
?/1
;04
X
X
X
X
X
X
X
X
X
X
-
County, City and name of bank .
Johnson
r
Holden, Bank of Holden
Holden, Farmers & Commercial Bank
Knobnoster, Bank of Knob Noster
Knobnoster, Peoples State Bank
Leeton, Bank of Leeton
0
Warrensburg, Citizens Bank
..co
30
Jo
10
Lafayette
Alma, Alma Bank
,z,:r
Concordia, Concordia Bank
Corder, Corder Bank
i z e)
Higginsville, Bank of Higginsville
,-r
Lexington, Commercial Bank
4-0
Lexington, Lexington Savings Trust Co.
34
Mayview, Farmers Bank
7..,)
Napoleon, Napoleon Bank
-,e)1=
Odessa, Bank of Odessa
A,
Wellington, Wellington Bank
Eligible'( Not eligible
Li•3 ,-.) 2 .
,4
/I, //
,
c?-t
6
/al
733--
,S.
•
Livingston
Dawn, Community Bank
•
Mercer
Mercer, People's Bank
Princeton, Farmers State Bank
Princeton, Princeton State Bank
/71
'
/76
T a4.
i)
P'
gsrl.
0
7;-
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
X
X
X
X
X
X
X
X
X
g
b-°
Ray
c.
,
,-4
Lawson, Lawson Bank
•?
Orrick, Bank of Orrick
/V"
3 Z.
Orrick, Citizens Exchange Bank
,y0
Richmond, Banking House of J. S. Hughes ).
Richmond, Exchange Bank
,y7
Totals, 56 banks
X
X'
4C)4`
2-e
St. Clair
Appleton City, Citizens Bank
ic
Lowry City, Lowry City Bank*
Osceola, Johnson-Lucas Banking Co.*
/,"
X
X
X
3'70
X
X
X
X
X
X
X
X
X
X
32
*Not on par list.
..a/Based on amount of capital and assuming that any capital
.
notes and debentures issued were purchased by the
Reconstruction Finance Corporation. Source: Rand
McNally Bankers Directory, Final 1937 edition.
24
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Federal Reserve Bank of St. Louis
•
12-14-37
Mr. Smead:
I doubt whether it will be easy for the
banks to compile this information for the month
of November, 1937.
Personally, I would have it cover the month
of January, 1938 since time is not an important
element.
L.S.M
4141
r/
F. R.131
BOARD OF GOVERNORS
OF THE
!IV IN GENERAL FTLEF -1
I
JAN - 3 1938
/
FEDERAL RESERVE SYSTEM
Office Correspondence
T. Mr. srnead
From
Mr-
Date
December 8 1937
Subject:
yrick
In accordance with your recjlest I have prepared the attached forms
calling for certain information thouLht desirable with respect to the transit
and currency operations of the banks in the thirteen counties in western
Missouri that have requested to be transferred from the 8th to the 10th
Federal Reserve District.
As mentioned in your memorandum to the Board, dated October 8, 1937,
it appears from the mail service schedules that the mail time for banking
points in the thirteen counties to and from St. Louis is, in general, equally
as good from the standpoint of the length of time required to collect checks
as is the mail time for banking points in the thirteen counties to and from
Kansas City.
Aith few exceptions, checks may be mailed from any of the banking
points in the thirteen counties to St. Louis and Kansas City and be received
in these cities in time for handling the following day and, likewise, checks
may be mailed from St. Louis and Kansas City to the banking points in the
thirteen counties and be received in these towns in time for handling the
following day.
Accordingly, the question of whether or not the banks in the
thirteen counties would be effecting a saving in the time required to collect
checks if the counties were transferred to the Kansas City district, would
seem to depend largely on where the bulk of their items are payable and
what collection channels are used.
No figures have been submitted showing
the amount of checks payable in the several districts and no specific information has been submitted with respect to the collection channels used.
The
form entitled "Analysis of cash letters forwarded for collection" will, it
,
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Federal Reserve Bank of St. Louis
iv?
ti
„
Mr. Smead - #2.
is thought, bring out this information.
This form provides for showing to
whom cash letters are sent for collection by the banks in the thirteen counties
and also where the items are payable in all cases where there is a difference
between the time schedules of the Federal Reserve banks of St. Louis and
Kansas City.
For example, if a cash letter is dispatched by a bank located
in one of the thirteen counties to either St. Louis or Kansas City it will
be received in either place the following morning.
The collection time
required, therefore, depends entirely on the respective time schedules of
the Federal Reserve banks of St. Louis and Kansas City.
While there are a number of differences in the time schedules, it is
interesting to note that member banks are given credit by both the St. Louis
and Kansas City Reserve banks on the same date in the case of items payable
in certain parts of the 10th District as follows:
Missouri, except Kansas City
Nebraska
New Mexico
Wyoming
The member banks in the thirteen counties would, however, save one day, if
the transfer were approved, in the time required to collect through the
Federal Reserve bank items payable in the cities of Kansas City, Missouri
and Denver, Colorado and in the states of Kansas and Oklahoma (except in
Tulsa and Muskogee, Oklahoma); they would save two days on items payable in
on
city of Denver and/those payable in Tulsa and
Colorado outside of the
Muskogee, Oklahoma.
Member banks in the thirteen counties would also save
one day's time in collecting items payable in several western states if they
were transferred to the 10th District but would lose from one to two days each
on items payable in the 8th District, except in the case of items payable in
the states of Indiana and Mississippi and in Memphis, Tennessee, in which
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Mr. Smead
#3.
cases the time schedules for both Reserve banks are the same.
They would
also lose one day's time on items payable in several eastern states.
None of the nonmember banks maintain clearing accounts with the
Federal Reserve bank and accordingly they cannot use the Federal Reserve
Collection System but must collect their checks through correspondent banks.
The petitions indicate that many of the nonmember banks keep their principal
active accounts in Kansas City and since the petitions also indicate that
most of the checks handled are payable in the Kansas City district, presumably
most of them are sent direct to correspondents in Kansas City for collection.
It would not appear that there would be any saving in collection time on
such items if the thirteen counties were transferred to the 10th District,
as the items are now being collected in the most direct manner.
There
would, however, be a saving of one day in the length of time required to
collect items payable at other banks located in the thirteen counties.
Such
items of course now have to be collected eventually through the Federal
Reserve Bank of St. Louis (if the correspondent banks use the Federal Reserve
Collection System) and there is a loss of one day's time in sending the items
from Kansas City to St. Louis.
The schedules entitled "Currency and coin receipts from out of
town banks" and "Currency and coin shipments to out of town banks" will, it
is believed, furnish the Board with sufficient information to enable it to
determine whether the currency and coin facilities of the banks in the
thirteen counties might be improved if such counties were transferred from
the 8th to the 10th District.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Mr. Smead
The schedule entitled "Noncash collection items forwarded for
collection" should enable us to determine whether any appreciable amount
of time would be saved in collecting noncash items if the proposed transfer
member
were approved. For example, if a/bank in one of the thirteen counties has
a noncash collection item payable in Kansas City such item must now be
forwarded to the Federal Reserve Bank of St. Louis (if the Federal Reserve
Noncash Collection System is used) and there would, of course, be a loss of
one day's time as the item could be sent direct to Kansas City if the proposed transfer were approved.
The last schedule, entitled "Federal Reserve Bank of St. Louis Analysis, by days, of cash items forwarded to banks in Caldwell, Carroll,
and other petitioning counties" is one to be filled out by the Federal
Reserve Bank of St. Louis.
This schedule, it is thought, will answer the
question whether the member banks in the St. Louis and Kansas City districts
would be able to effect a saving in the time required to collect items
payable at the banks in the thirteen counties.
For example, if most of
the items payable at the banks in the thirteen counties are received during
the course of business by banks in the Kansas City district, there would
be a saving of one day if the thirteen counties were transferred to the
10th District as such items must now be forwarded for collection to the
Federal Reserve Bank of St. Louis (if the Federal Reserve Collection System
is used) which results in a lossof one day's time.
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Federal Reserve Bank of St. Louis
•
(Name and location of bank)
(Member or nonmember bank)
ANALYSIS OF CASH LETTERS FORWARDED FOR COLLECTION ON
Cash letters forwarded to —
_
Other bankz-(-apeelTV')
F. R. Bank
of
St. Louis
1.
Amount of cash letter
2. Time of day cash letter
mailed
3. Amount of items payable in
Tenth District:
Kansas City, Mo.
State of Kansas
Denver, Colo.
Colorado (All other)
Okla. City, Okla.
Tulsa, Okla.
Muskogee, Okla.
Oklahoma (All other)*
Elsewhere in 10th Dist.
Eighth District:
Arkansas
Illinois**
Louisville, Ky.
Kentucky (All other)**
Missouri:
13 petitioning counties
All other**
Memphis, Tenn.
Tennessee (All other)**
Elsewhere in 8th Dist.
Other Districts
1-Idaho
cNorth Dakota
South Dakota
/„Uth
/San Francisco, Calif.
7Seattle, Wash.
?Spokane, Wash.
3Minneapolis, Minn.
qMinnesota (All other)
Wisconsin
Vallas, Texas
'
i /Cincinnati, Ohio
t
Cleveland, Ohio
'Ohio (All other)
Boston, Mass.
1-Charlotte, N. C.
-Richmond, Va.
tNashville, Tenn.
All other
Total (should agree with
item No. 1)
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
*Located in Tenth District
**Located in Eighth District
(Name and location of bank)
(Member ,or nonmember bank)
CURRENCY AND COIN RECEIPTS FROM OUT OF TOWN BANKS DURING MONTH OF JANUARY, 1938
Amount
Currency] Coin
Date of
request
Date
Form of /
request 11/ shipped
Date
received
Ii
•
ij Indicate whether by letter, telephone or telegraph.
•12/ If currency requested.on specified date, insert date.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Bank from
which requested
Bank from
which received
Shipping
charges
Remarks IV
(Name and location of bank)
(Member or nonmember bank)
Currency and Coin Shipments to Out-of-town Banks during Month of January, 1938
Amount
Currency, Coin
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Date
shipped
Date
received
To whom
shipped
Shipping
charges
NN.
(Name and location of bank)
(Member or nonmember bank)
NONCASH COLLECTION ITEthS FORWAhDED FOh COLLECTION DUhING MONTH OF JANUALY, 1938
Date
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount of Noncash Items Forwarded to
F. R. Bank
Other banks (specify) of
St. Louis
Payable in Payable inPayable in Payable in 8th
10th
10th
8th
8th
10th
8th 1 10th
District District District District District District DistrictiDistrict
FEDER14, RESERVE BANK OF ST. LOUIS
Analysis, by days, of Cash items forwarded during January, 1938, to banks in Caldwell, Carroll, Cedar, Davies,
Grundy, Harrison, Henry, Johnson, Lafayette, Livingston, Mercer, Ray and St. Clair counties, Missouri
Date
Banks in
Head Grace
Territory
•
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amount of items received by head office of F. R. Bank of St. Louis from Kansas City District
St. Louis District
Oklahoma
Direct
Little
Louisville Memphis
Head
sending
City
Total
Denver
Omaha
Rock
Branch
Branch
Office
Branch
Branch 1 Branch
banks
Branch
Total
Other
Federal
Reserve
Districts
O
Form F. IL 131
OF THE
FEDERAL RESERVE SYSTEM
Office Correspondence
To
41i
REO'D IN CENERA
BOARD OF GOVERNORS
I
JAN - 3 193P
,
./7/1--•2
.........-----..
/
.,--
Date December 3, 1937
Subject:
Mr. Smead
Frona__Mr. Carpenter_
In accordance with our telephone conversation this afternoon, there
is attached an excerpt from the minutes of the meeting of the Board today
with respect to the suggested transfer of thirteen counties in Missouri from
the Eighth to the Tenth Federal Reserve District.
If you approve the at—
tached revised letter to Mr. Hoofer, please initial and forward to Mr. Morrill
for signature.
,
Attachments.
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Federal Reserve Bank of St. Louis
/
//4
-7/
////////
Exeemilt_fromthe-Minutea of the
etirof the
Qa Deaember 3,3.937.
Mr. McKee referred to a draft of a reply to a letter received under date of November 10, 1937, from Mr. Sam H. Hoefer representing the
Bankers Association of Lafayette-Ray Counties, Missouri, with further regard to the suggested transfer of thirteen counties in western Missouri
from the Eighth to the Tenth Federal Reserve District.
The proposed reply
stated that, before reaching its conclusion in the matter, the Board made
a careful study of the situation and was of the opinion that sufficient
information was available to enable the Board to reach a decision without
calling upon the banks requesting the transfer for the compilation of any
additional information, and that it considered the services now available
to member and nonmember banks and the possible advantages of a transfer
from the Eighth to the Tenth Federal Reserve District and felt that it
would not be warranted in making the proposed change.
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Federal Reserve Bank of St. Louis
After a discussion of the question whether
further steps should be taken by the Board to
determine whether there was any information
with respect to the suggested transfer which
had not been brought to its attention, it was
agreed that a representative of the Board from
the Division of Bank Operations or Division of
Examinations, as determined upon by Messrs. Smead
and Paulger, should be sent to make an investigation to ascertain definitely whether there was
any additional information that should be considered by the Board. It was also understood
that the letter to Mr. Hoefer would be revised
to state that, while the Board felt that adequate
steps had been taken to obtain all the important
information in connection with the suggested
transfer and did not feel that it would be warranted in making the proposed change, arrangements were being made for a representative of
the Board to make an investigation to determine
definitely whether additional important information was available.
/11
11
•2-A,L.Lit.°
4
II
_
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Federal Reserve Bank of St. Louis
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Mr. Eam H. Hoefer,
The Bankers iissociation of
Counties, dissouri,
c/o BiAnk of Higginevilie,
Missouri.
Your letter of November 101iinciosing a letter to tne
Board of Governors of the same date with further reference to
the proposed trFnsfer of thirteen countiec in lissouri from
the Eighth to the Tenth Federal heserve District, has been
received and will be presented to the Board.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
CFNERAL FILESi
1
NHV
1937
2-, -
November 18, 1937
S.,a H. lioefer,
The Bz.ntcore z.,et.oci&tion of Laff.,yette—i:zy
Countie,
do bc..nk of iiiggin6ville,
,
Det,r Sirs
e letter to tne
Your letter of Noveabcr 10, incioirL
Board oi Governo6 of the cume ciLt5 v,:it-r1 further refrt:,nec to
the vropoeed tr+nsfer of thirtn countiL
in 'i;iiscouri from
the Lighth to the Tenth Federl It..erNre District, hkis been
receivd Lnd will bc presented to ttie Board.
Very truly yours,
Checter Morrill,
Lecrt_try.
410
THE BANKERS ASSOCIATION':111:j1DJANCENERAL F1125 I
IN - 1938
I
N\
OF
LAFAYETTE-RAY COUNTIES
November 10, 1937
OFFICE OF SECRETARY
LEXINGTON. MISSOURI
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Mr. Chester Morrill, Secretnry
Board of Govenors
Feder- Reserve System
a
Washington, D. C.
Dear Sir:
We are attaching another letter addressed to
the Federal Reserve Board and will apnreciate it being
presented to the Board at its next meeting.
Yours respectfully,
THE BANKERS ASSOCIATION OF
LAFAYETTE-RAY COUNTIES, Mo.
By
Sam Hoefer
c/o Bank of Higginsville
Higginsville, Missouri
r!=
•
0
THE BANKERS ASSOCIATION
OF
LAFAYETTF_1-RAY COUNTIES
November 10, 1937
OFFICE OF SECRETARY
LEXINGTON, MISSOURI
The Board of Governors
Federal Reserve System
Washington, D. C.
Dear Sirs:
It is hardly necessary to say that the officers of our Association
were very disappointed to receive your letter st. ting your Board did not
see fit to make a change in the boundary line between the Eighth and Tenth
Federal Reserve District which had been requested by better than 95% of the
banks of 13 counties in western Missouri.
Judging from the contents of the letter which you sent us under
date of October 16, we gained the impression your Board would send an unbiased investigator to the affected area. Le have not been informed of any
investigation of the merits of our request by an impartial representative of
the Federal Reserve Board in Lashington. You have received reports from
St. Louis and Kansas City, but we would like very much for you to send one
of your own representatives into the area involved.
We would like to have such a check made without influence from
Kansas City or St. Louis. If a survey could be made by a representative of
your body, checking into the natural flow of business, the number of items
handled, and other factors, we believe that you would have available information not now in your hands.
The boundary line of the Eighth Federal Reserve District is within
25 miles of Kansas City and it is unthinkable to believe that more than a
very small percentage of the business in such an area would naturally flow
to St. Louis, approximately 200 miles eastward. At no place in the nation
does the territory served by another Federal Reserve Bank come so close to
the head bank of a Federal Reserve District, neith- do we believe that there
,r
is any territory in the nation where Federal Reserve District boundary lines
are so overwhelmingly opposed to the natural trade channels of business. For
this reason we believe that our request could be granted without bringing
forth a large number of requests for changes in boundary lines of Reserve
Districts elsewhere.
The committee that has been working on this contemplated change
prefers not to advise the petitioning banks that the matt, is entirely
7r
closed until we have heard further from you as these banks are very sincere
in naking a request for a change. As we have stated before, an investigator
from your office will find that it means considerable to the majority of these
banks to have the changes made as you were originally petitioned.
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Federal Reserve Bank of St. Louis
Yours respectfully,
THE BANKERS ASSOCIATION OF LAFAYETTERAY COUNTIES, MIsSOURI
By
•
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Federal Reserve Bank of St. Louis
@FedFRASER