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POWERS AND FUNCTIONS
of

FEDERAL RESERVE BRANCH BANKS

FEDERAL RESERVE BOARD
WASHINGTON
June, 1922

FEDERAL RESERVE

BOARD

WASHINGTON

June 28, 1922,
St.2866*
SUBJECT:

Outline of Federal Reserve
Branch Banks*

Dear S i r :
There are being forwarded to you today, under separate
cover,

copies of the Outline of Federal Reserve Branch

Banks, covering t h e i r powers and functions, revised as of January 1,
1922.

The outline i s based on information furnished i n response to

the Board's l e t t e r St. 2*110 dated November 16, I 9 2 I , and on regular
and special reports received from the Federal reserve banks and
branches*
I t i s desired to keep the data on pages 1 to 8 current
a t a l l times, and i t i s therefore requested that the Boards attent i o n be called to aqy alterations or revisions tha,t may become
necessary i n the present outlina due to changes i n the functions
performed by branches of your bank, i f anyVery t r u l y yours,

Walter L, Eddy,
Assistant Secretary,

Enclosures.
L e t t e r sent to each Federal Reserve Agent.




OUTLIKE OF
FEDERAL BESERVE BRANCH BANKS
COVERING POWERS -AND FUNCTIONS; ALSO CHARACTER
AND VOLUME OF BUSINESS HANDLED.
TABLE OF CONTENTS:
Page

Introduction

....

***

1

Table 1 - Comparison of powers and functions:
Deposits
Discount operations
.. „
Open market operations . .
Gold Settlement Fund
Clearings and Collections
Currency and Coin . •
*
Telegraphic Transfers
Fiscal Agency Operations
Custodies ,.
*
Federal Reserve Agent*s Department
Bank Premises
•

.
.

*

2
3
3 * ^
^
k
k * 5
>
6
6
6
*
7
7
o

2 - Earnings and expenses, and personnel

9

3 - Discount and currency operations

10

4 - Deposits - Average of end-of-week balances • . . „,

11

5 - Clearing Operations

„

12 - 13

6 - Member and nonmember banks i n branch zone
7 - Territory assigned
5 - Directors

;

lM- - 17
18-21

•.....„

22 - 29

FEDERAL RESERVE BOARD
DIVISION OF BANK OPERATIONS
JUNE 1922.




(St,2613)

- II OUTLINE OF FEDERAL RESERVE BRANCH BAMS
COVERING POWERS AND FUNCTIONS; ALSO CHARACTER AND VOLUME OF BUSINESS
HANDLED,
Based on the scope of t h e i r powers and functions and on the general
character of business which they are authorized to transact, the 23
branches of the Federal Reserve Banks may be conveniently divided into
two groups as follows:
6S0UP
II.
GROUP
I.
Branch
Date opened for business
Branch
Date opened for business
Cincinnati
January 10, 1918
Buffalo
May
15, 1919
Pittsburgh
April
22, 1918
Baltimore
March
1* 191S
New Orleans
Birmingham
August
1, 1918
September 10, 1915
Jacksonville
August
5, 1918
Detroit
March
1918
18,
Nashville
Octoter 21, 1919
L i t t l e Rock
January
6, 1919
Oklahoma City August
2, 1920
Louisville
December
1917
September 3, 1918
Memphis
Helena
February
1. 1921
1918
Denver
January
September
Omaha
1917
June
E l Paso
17, 1918
Houston ,
August
1919
January
Los Angeles
2, 1920
Portland
October
1, 1917
1, 1918
Salt Lake City A p r i l
September
Seattle
1917
July
26, 1917
Spokane

x

(NOTE: I n addition there i s an Agency a t Savannah, Georgia, which supp l i e s the currency and coin requirements of banks i n that c i t y . The Agency
was opened on February k, 1919*)
Branches i n the larger group perform p r a c t i c a l l y a l l of the important
functions of a Federal reserve bank, including the discount and purchase* of
e l i g i b l e paper, clearing and collecting checks and d r a f t s , collection of
maturing b i l l s and notes, the supplying of member banks with currency and
coin, maintenance of deposit accounts of member banks, of clearing nonmember banks and of the Government, and the performance of Fiscal Agency operations f o r the United States Treasury. Branches i n the second group are
not authorized to engage i n some of the more important a c t i v i t i e s of the
Federal reserve banks except upon specific instructions from and for the
account of the parent bank- For example, paper presented for discount to
branches i n Grot® I I i s transmitted to the parent bank, either with or w i t h out recommendation, though, when necessary, arrangements may be made for
imiediate c r e d i t therefor on the books of the parent bank through the use
of the Federal Reserve leased wire system.
Apart from the p r i n c i p a l differences referred to above, which constit u t e the basis f o r the two groups of branches, there are minor differences
i n the powers and functions of the 23 branches which are brought out i n the
accompanying statement. Tables are also shown r e l a t i n g to the operating
expenses and to the volume of business handled by each branch during the
calendar year 1921.




COMPARISON OF POWERS AND JUNCTIONS OF THE FEDERAL RESERVE BRANCH BANKS (Cont'd)

Detroit

jLittle Rock
Louisville
Memphis

X

X

x

x

XXX

X

Los Angeles |
Portland
Salt Lake City
Seattle
Spokane

New Orleans

(Branches t o w h i c h s t a t e m e n t s ,
apply indicated by ''x")

GROUP

El Paso
Houston

Baltimore

s

F U N C T I O N

1

Denver
Omaha

Buffalo

GROUP

X X

X X

i2

X XX X X

S rO
» W
H
o -P
C -p
o cu

Birmingham
Jacksonville
Nashville

Table 1. -

£
*rl
0
O
J
g

1
Q—

DEPOSITS - MEMBERS1 RESERVE:
Reserve accounts o f member b a n k s ,
and c l e a r i n g accounts o f non-member
banks w h i c h hav$ e s t a b l i s h e d such
a c c o u n t s , a r e q a r r i e d on t h e books
o f t h e Branch
No d e p o s i t accounts a r e c a r r i e d o n
t h e books o f t h e Branch*
Credit
f o r a l l items deposited i s arranged
d a i l y w i t h p a r e n t bank b y t e l e g r a p h
or o t h e r w i s e ,

X X

XXX

X

X X

XXX

X

X X

XXX

X

DEPOSITS - GOVERNMENT:
Government d e p o s i t s a r e r e c e i v e d and
c a r r i e d on t h e books o f t h e B r a n c h .

X

Government d e p o s i t s a r e r e c e i v e d and
X
t r a n s m i t t e d t o t h e p a r e n t bank
Daily transcripts covering debits
and c r e d i t s i n Government a c c o u n t ,
a l s o p a i d checks a n d w a r r a n t s a n d
c a n c e l l e d coupons, a r e f o r w a r d e d
d i r e c t t o t h e U . S. T r e a s u r e r




X

XXX

X

X

X X

XX

X XX X X

X

X

X

X

XXX

X

X X

X X

X XXX X

1

r\)
i

Table 1. - COMPARISON OF POWERS AND JUNCTIONS OF THE FEDERAL RESERVE BRANCH BANKS (Cont'd)

DISCOUNT OPERATIONS:
E l i g i b l e paper p r e s e n t e d b y member banks i s d i s c o u n t e d b y a n d c a r r i e d o n t h e books o f t h e Branch
( a ) W i t h o u t r e f e r r i n g paper t o t h e p a r e n t
bank f o r r e v i e w
( b ) S u b j e c t t o r e v i e w by t h e p a r e n t bank , . . . .

1

X

X

(i)

X

X

Birmingham
Jacksonville
Nashville

Cincinnati
Pittsburgh

Los Angeles
Portland
Salt LakeCy*
Seattle
Spokane

•p
*H
o
ClJ

J_

I

i

X
X

El Paso
Houston

Omaha

%

GROUP 2

1

Denver

19_

JHelena

<H
*

Little Rock
Louisville
Memphis

•a

(Branches t o w h i c h s t a t e m e n t s
a p p l y i n d i c a t e d by " x " )

Detroit

o

New Orleans

F U N C T I O N

Baltimore

CROUP

X

X

X

X

X

X

X

X

X

E l i g i b l e p a p e r presented- t o t h e Branch f o r d i s c o u n t i s examined and f o r w a r d e d t o t h e p a r e n t
barik.
I f t e c h n i c a l l y a c c e p t a b l e , t h e Branch may
a r r a n g e b y t e l e g r a p h f o r immediate c r e d i t t h e r e X

X

X

X

X

X

*

OPEN MARKET OPERATIONS - ACCEPTANCES:
B r a n c h i s a u t h o r i z e d t o purchase acceptances i n
t h e open m a r k e t w i t h o u t s p e c i f i c i n s t r u c t i o n s
f r o m t h e p a r e n t bank • „ „
.

X

Acceptances a r e p u r c h a s e d i n t h e open m a r k e t o n l y
u p o n i n s t r u c t i o n s f r o m t h e p a r e n t barik

X
•

X

1(1)

X

X

X

X

X

X

X

Acceptances p u r c h a s e d i n t h e open m a r k e t a r e
c a r r i e d o n t h e books o f t h e
(a) Branch




X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

I
X

X

X

X

1 X

X

X

'(1) Paper a c q u i r e d b y t h e B a l t i m o r e B r a n c h i s c a r r i e d o n i t s own
books f o r one day o n l y , b e i n g t r a n s f e r r e d t o t h e p a r e n t bank:
on t h e f o l l o w i n g b u s i n e s s day a f t e r d i s c o u n t .

X

Table 1. - COMPARISON OF POWERS AND JUNCTIONS OF THE FEDERAL RESERVE BRANCH BANKS
G R

<
D

F U N C T I O N
(Branches t o w h i c h s t a t e m e n t s
apply i n d i c a t e d by

M
O

U
o

cf
t

I

a
-p
iH
P
Q

O
£
S

o
u
•p
A

0

(Cont'd)
GROUP

U P

•p
CD

P rH
3
*rl W
>
H 01^ a
- P . H ft
0 §
•HO©
V1 H y
A

o «
to o
d -p

* W
I
W

©

•a

<
D

0)
rH
-p S
CO •p
U
l-l rt
D
o o d (
O
vl fU C 03 O

a

1
fi

>>
-P

5

>
a -H Q
rH
rH

a o »
H

•s
-p •r4 W
1
4
3
•rl
C •H flj
M
P
3

OPEN MARKET OPERATIONS - U. S. SECURITIES:
B r a n c h i s a u t h o r i z e d t o purchase U* S, s e c u r i t i e s ,
b u t o n l y upon i n s t r u c t i o n s f r o m and f o r t h e .
a c c o u n t o f t h e p a r e n t bank

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

XXX

X

X

X

XXX

X

X

XXX

X

XXX

X

GOLD SETTLEMENT FUND:
P a r t i c i p a t e s d i r e c t l y i n the d a i l y c l e a r i n g
t h r o u g h t h e G o l d S e t t l e m e n t Fund on a c c o u n t o f
( a ) Checks| d r a f t s , e t c . c o l l e c t e d f o r o t h e r
F e d e r a l r e s e r v e banks and branches
o » Federal reserve notes of other Federal
r e s e r v e banks r e t u r n e d f o r r e d e m p t i o n o r
c r e d i t . •.
The G o l d S e t t l e m e n t t e l e g r a m s w h i c h t h e Branoh
sends t o t h e F e d e r a l Reserve Board i n c l u d e a l s o
c r e d i t s o n a c c o u n t o f c o l l e c t i o n s made f o r t h e
p a r e n t bank
> *
> >
.«»••!

X

X

XXX

CLEARINGS AND COLLECTIONS:
C l e a r s a n d c o l l e c t s c h e c k s , d r a f t s , and o t h e r
cash items c o l l e c t i b l e a t par through a Federal
r e s e r v e b a n k ; and r e c e i v e s f o r c o l l e c t i o n and
c r e d i t , o n i t s own books o r on t h e books o f t h e
p a r e n t b a n k , m a t u r i n g b i l l s , n o t e s , coupons,
acceptances, b i l l of l a d i n g d r a f t s , etc




. x

X X X X

X

X

X

XXX

s

Table 1. - COMPARISON OF POWERS AND JUNCTIONS OF THE FEDERAL RESERVE BRANCH BANKS (Cont'd)
GROUP

GROUP

F U N C T I O N

©

1
(
D

r-i

fS
<
H

O

P»
=

(Branches t o w h i c h statements
a p p l y i n d i c a t e d by »x !1 )

o
rH

JS
2

U

M
13 o
O r-i
m *H tfi
fH
< > -H A
D
8
& rH
•r4 O <5

^

O
w

•p
a
rH
fi rH
w» o
H
r
©
S> s 3
b Cc O
O d
.
_
pj
£ O *r*
J
o
•rt to {>
^
P
-P
^
B ^ J3 i
BS
n ^H
o
•r* -H MOWc
I
D
30U ciO< C p*C O fi4 rt <3 S i
^
C C D O
s
o

S

o

w
u ^
<d at aj

61

P s

2

H

RELATIONS WITH LOCAL CLEARING HOUSE:
Branch i s a member o f t h e l o c a l c l e a r i n g house
a s s o c i a t i o n w i t h t h e same p r i v i l e g e s as o t h e r
members, exoept t h a t i t has no v o i c e i n the
management t h e r e o f .
,
w ,

X

As a-member o f t h e l o c a l c l e a r i n g house a s s o c i a t i o n t h e Branch i s
( a ) S u b j e c t t o t h e same p e n a l t i e s as o t h e r
members»««**•»#•••*<•«**«•••»•«••*»«
( b ) Not s u b j e c t t o p e n a l t i e s w h i c h may be
l e v i e d a g a i n s t o t h e r members. • • . ,

X

X

X

X
X X X

XXX

X

XXX

X

Membership i n the l o c a l c l e a r i n g house a s s o c i a t i o n i s complimentary




X

X X

Branch pays dues as a member o f t h e l o c a l
c l e a r i n g house a s s o c i a t i o n , „ , * , . . .

The r e s u l t o f the d a i l y c l e a r i n g s i s r e f l e c t e d
i n d e b i t and c r e d i t e n t r i e s t o d e p o s i t accounts
on t h e books o f the Branch o r i t s p a r e n t b a n k . , ,

X

X

X X X

X

X

ill

X

x

X

X

X

X X

X

XXX

X X X

X X X

of a c l e a r i n g
( 1 ) The L o r n s v i l i e Branch e x e r c i s e s ' t h e f u n c t i o n s
house so f a r as t h e c l e a r i n g o f l o c a l checks i s concerned,

Birmingham
Jacksonville
Nashville

JOklahoma City

X X

X X X X X

X X

X X X

X

X X

x x ;

X X X XX

X X

X X X

X

X X

X X

X X X XX

X X

X X X

x,

X X

X X X X X

X X

X X X

Denver
Omaha

El Paso
Houston

X X

CUEEENCY AND COIN:

i

•

X

X

X

X

X X X

X

X

X

X

X X X

Pays Government checks and redeems coupons

X

X

X

X

X X X

Redeems m a t u r i n g c e r t i f i c a t e s o f i n d e b t e d n e s s and
o t h e r Government o b l i g a t i o n s

X

X

X

X X X

Makes exchanges o f L i b e r t y bonds and V i c t o r y
no t e s i .1,
it • • • • • * * * * • « << ii « • • » * * # • • • • » • « « < i <<4i
>>

X

X

S e l l s War Savings s e c u r i t i e s

X

X

X

X

*l

M a i n t a i n s a s u p p l y o f c u r r e n c y and c o i n t o meet
t h e r e q u i r e m e n t s o f t h e banks l o c a t e d i n t h e
b r a n c h zone
„..
-

Los Angeles
Portland
Salt Lake City
Seattle
Spokane
Cincinnati
Pittsburgh

Helena

Detroit

New Orleans

Baltimore

Buffalo

(Branches t o w h i c h s t a t e m e n t s
apply i n d i c a t e d by " x " )

I

F U N C T I O N

GROUP 2

1

l

GROUP
Little Rock
Louisville
Memphis

Table 1. - COMPARISON OF POWERS AND JUNCTIONS OF THE FEDERAL RESERVE BRANCH BANKS (Cont'd)

s

TELEGRAPHIC TRANSFERS:
X
X
X
X
X
X
X

l

Makes t e l e g r a p h i c t r a n s f e r s o f f u n d s f o r t h e
a c c o u n t o f member and c l e a r i n g nonmember banks . .
FISCAL AGENCY OPERATIONS:

I
X X X XX

I




X
X
X
X
X
X
X

Receives s u b s c r i p t i o n s f o r c e r t i f i c a t e s o f
i n d e b t e d n e s s and T r e a s u r y n o t e s

.
.

X X

X X X

X

X

X X

X

X X

X X XX

X

i
i

Table 1. - COMPARISON OF POWERS AND JUNCTIONS OF THE FEDERAL RESERVE BRANCH BANKS
G

F

U

N

C

T

I

O

<
D

N

(Branches t o w h i c h statements
apply i n d i c a t e d by " x " )

U

<2
P
P

u

•p

*H
O

1
-P

0

d

1 a

rt
—

U

E

0

o
O r-t
m
*rl 0
1
© > -H
H
43
-P Tj &
. o _

U

(Cont'd)

P

r-i

>

GBQUP

TT
-p

£

& <
< g
D 5
« o

o «
oj o
flj -p

*
g
rH o
w w

*rl
o
0) - i§
f &
r-4 -p a S - 8
s
-P 4i
0 ^ rH C O U -P
0
S
S -P
3
•H
d
3o C <d p<O O ^
fo Q tfl C
*ri

ID
rH

•r4 <
D
> rH
£ iH
O -H
W >
Ot
o
c
d

CUSTODIES:
L i b e r t y b o n d s , V i c t o r y n o t e s , and o t h e r s e c u r i t i e s a r e h e l d f o r a c c o u n t o f F i s c a l Agency Dep a r t m e n t - U. S. Treasxiry *

XXX

C o l l a t e r a l p l e d g e d by member banks as s e c u r i t y
f o r Government d e p o s i t s

XXX

X

X

C o l l a t e r a l p l e d g e d as s e c u r i t y f o r r e d i s c o x m t s
and member banks 1 c o l l a t e r a l n o t e s ,
(Branches
w h i c h a r e n o t a u t h o r i z e d t o d i s c o u n t paper
a t t a c h t r u s t r e c e i p t s covering the c o l l a t e r a l
to the a p p l i c a t i o n f o r rediscount forwarded t o
the parent bank)
.

XXX

X

X

S e c u r i t i e s a r e h e l d i n s a f e k e e p i n g f o r member
banks.. „
,.. • •
FEDERAL RESERVE AGENT'S DEPARTMENT:
A s s i s t a n t F e d e r a l Reserve Agent i s a t t a c h e d t o
t h e Branch • . . .
„
Unissued Federal reserve notes are h e l d i n c u s t o d y b y A s s i s t a n t F e d e r a l Reserve Agent, . * •
A s s i s t a n t F e d e r a l Reserve Agent h o l d s i n c u s t o d y
c o l l a t e r a l pledged as s e c u r i t y f o r Federal r e serve n o t e s *t
*i> »>•»<> •
-•<




•*

X

X

X

X

X

X

X X ,

X X

X

X. X X

X

xl

X

X

XXX

XX

XXX

XX

X X

X

i l l

X

X

X

X

X

X

XXX

X

III

X

X

X

XXX

X

X

X
X X
X X
as x
x
( 1 ) Two A s s i s t a n t F e d e r a l r e s e r v e a g e n t s .

1 &
« rO

*H49
m
9
•rt -ri
O p^
L

2
Oklahoma City

0
>
M

GROUP
Los Angeles
Portland
Salt LaiceCity
Seattle
Spokane

rH

El Paso
Houston

a
<
D

1

Denver
Omaha

Little Rock
Louisville
Memphis

o

rH

Detroit

(Branches t o w h i c h s t a t e m e n t s
apply indicated by t!x")

New Orleans

F U N C T I O N

Baltimore

GROUP

(Cont'd)

Birmingham
Jacksonville
Nashville

Table 1. - COMPARISON OF POWERS AND JUNCTIONS OF THE FEDERAL RESERVE BRANCH BANKS

BANK PREMISES:
Branch o c c u p i e s q u a r t e r s owned b y t h e F e d e r a l
Reserve Bank* ! • * « « * • * » ««•***««< «
< .. •» h •»» * ( »
<

X

B r a n c h occrgpies r e n t e d q u a r t e r s - ( a ) B u i l d i n g o r b u i l d i n g s i t e f o r permanent
q u a r t e r s h a s been a c q u i r e d , bu.t t h e
n e c e s s a r y r e m o d e l i n g o r new c o n s t r u c t i o n
has n o t been completed*
( b ) No b u i l d i n g o r b u i l d i n g s i t e has been
a c q u i r e d f o r permanent q u a r t e r s




X

X

X

X

X

X

X

X X

X

X

X

X

X X

X X

X

X Xi

X

X

i
cn
\

-

Table 2 .

II

-

EARNINGS AND EXPENSES DURING 1921, AND PERSONNEL DECM8ER 31, 1921

C u r r e n t Expenses
Gross
earnings Salaries
Other
Total

Federal
Reserve
Branch

Buffalo
$1,696,702
Cincinnati
Pittsburgh
Baltimore
Birmingham
Jacksonville
Nashville
New O r l e a n s
2,082,31+0
Detroit
3,119,226
L i t t l e Hock
670,93S
Louisville
691,551
Memphis
1,151,992
Helena (1)
698,30U
Denver
592,570
Oklahoma CityOmaha
1,333,20*+
E l Paso
731,75^
Houston
618,932
Los Angeles
807,988
Portland
568,576
S a l t Lake City2,11+3,91+6
Seattle
222,702

Spokane

535,983

$185,190' $153,587
225,252 158,3^8
295,556 183,762
268,572 118,221+
35,550
39,968
1*5,^36
51,927
V+,133
3^,03*+
141,223
8U,092
257,00+ 151,915

105,818
126,902

1*16,319
96,296
155,^23
132,975
239,882
103,510
126,402
350,167
159,989
318,086
11+1,932
11+8,628

63,^97

$338,777
383,600
^79,318
386,796
75,518
97,363
78,167
225,315
^08,979
169,315
186,867
21+6,21+9
177,068
252,961
211,337
362,837
195,917
219,987
U88,83O
251,209
1+86,78*+
287,162

Number o f
o f f i c e r s and
Net
e a r n i n g s employees
Dec. "51,1921

$1,357,925

23*
175
20U
172
2l+

1,857,025
2,710,21+7
501,623
50l+,68l+
905,7^3
521,236
339,609

59,965
99,930
80,772
97,538
78,362
122,955
970,367
92,U07
535,837
93,585
398,9^5
138,663
319,158
91,220
317,367
168,698
1,657,162
1^5,230
(2)6U,I+6O
70,602 219,230
316,753

32
32
98
170
65
89
1°
67
107
ILL

65
77
205
112
211
81+

86

1921 17,666,708 3,861,211+2,368,3726,229,586 13,llJ9,221

TOTAL=1520

2,532
18,856,030 2,815,662 2,095,095 ^,910,757 13,9^5,273 0)1,799

Savannah Agency




1921
1920

-

8,600
8,1+65

3,553
3,978

12,153
12,1+1+3

(1) Opened f o r b u s i n e s s F e b r u a r y 1 , 1921.
(2) Net d e f i c i t .
( 3 ) June 30, 1920.

-

**
3

- 10 Table 3.

DISCOUNT AND CURRENCY OPERATIONS DURING 1921.
dollars)

Federal
Reserve
Branch

Discoimt Operations
Volume o f h i l l s D a i l y average
discounted
holdings of
and bought
discounted h i l l s

Buffalo
Cincinnati

1j0*3,883

*29,258

Pittsburgh
Baltimore
Birmingham
Jacksonville
Nashville
New O r l e a n s
Detroit
I d t t l e Bock
Louisville
Memphis
Helena
Denver
Oklahoma C i t y
Omaha
E l Paso
Houston
Los Angeles
Portland
S a l t Lake C i t y
Seattle
Spokane
Total:

1921
1920

Currency
Received
from
hanks

1*6,993

12*,*06

28*,953
1*7,352
35,520

620,15*

50,620

531,8*7
1,176,298
1*1,099
362,*25
215,*92
57,95*
1*7,911

33,567

20*,093
97,867
129,*33
1*5,382
1*3,789
*86,3*7
122,428
115,768

2i,*3*

5,7*2,170
6,836,678

50,002
10,705
11,899

35,693
100,520
26*,356

30,008

9,0*0

80,625
*7,732
12,263
*3,6l6
17,130
27,416
3*,625
42,95*
151,229
3*,356
1*,803
66,639
11,153

286,933
290,630

1,616,708

18,166
10,039
9,5*0
11,144

9,350
13,552
9,637

36,061
3,539

Operations
Paid
to
•hanks" ~

139,951
76,471
236,86*
131,339
22,56*
38,375
23,*26

85,22*

2*9,818
27,55*
6l,*51
47,6**
9,6*2
21,4S*

12,393
22,563
16,001
28,*30

1*0,012
26,*9*
11,6**
59,*33
9,903

1,80*,992

l,*98,930
1,696,087

1921

8,601

1920

11,663

6,517
9,388

Savannah Agencyl




•Based on f i g u r e s as o f t h e 52 w e e k l y s t a t e m e n t d a t e s d u r i n g t h e y e a r .

- II Table U.

DEPOSITS - AVERAGE OF END-OF-WEEK BALANCES DURING 1921.

Federal
Reserve
Branch

(Amounts i n thousands o f d o l l a r s )
Deferred
Due t o
Member bank Governavailabilhead
ment
Reserve
i t y items
office-net
account

Buffalo

17,498

Baltimore

17,318

New Orleans

33,424

23,530

6,171

4,815

i,S95

*7,~15S

11,326

12,777

576

24,621

4,021

5,792

28,442

7,089

10,381

13,930

Detroit

Uncollected
items

-

-

L i t t l e Rock

3,500

200

11,^95

2,808

2,890

Louisville

8,878

300

8,592

5,198

5,732

Memphis

M99

100

21,134

2,051

2,476

Helena

5,125

121

7,139

1,538

2,364

Denver

12,984

357

*80

5,6O4

7,466

Omaha

14,542

379

8,255

6,226

6,299

E l Paso

3,633

219

12,299

1,765

2,221

Houston

10,311

196

2,183

5,436

6,907

Los Angeles

29,993

122

*6,U39

10,973

20,678

Portland

11,230

201

6,055

2,116

2,846

7,283

105

36,391

3,212

4,324

Seattle

11,803

920

1,3U

3,256

M13

Spokane

5,635

153

8,906

1,611

2,338

TOTAL

211,986

5,844

186,676

80,401

104,419

S a l t Lake C i t y




* Due f r o m head o f f i c e *
NOTE: Only branches i n Group I are shown, as the o t h e r s do
not c a r r y d e p o s i t a c c o u n t s . See page 2.

Table 5 .

CLEARING OPERATIONS, DECEMBER 16, 1920 TO DECEMBER 15. 1921.

(Numbers i n thousands; amounts i n thousands of d o l l a r s . )
Federal
Reserve
Branch

Items
Banks i n
branch c i t y
Number

Buffalo
Cincinnati
Pittsburgh
Baltimore
Birmingham
Jacksonville
Nashville
New Orleans
Detroit
L i t t l e Rock
Louisville
Memphis
Helena (1)
Denver
Oklahoma C i t y
Omaha
E l Paso
Houston
LOS Angeles
Portland
S a l t Lake C i t y
Seattle
Spokane

TOTAL




2,188
2,208
4,868
2,771+
2,288
58I
598
745
2,951
520
1,088
S31
271
1,194
743
1,210
469
781
3,439
69s
624
1,181
422

32,672

Amount
998,200
1,409,800
2,956,270
1,746,190
347,020
220,914
324,817
518,790
1,728,778
264,743
645,554
330,632
95,761
529,386
656,275
592,960
115,121
1*39,233
1,257,503
373,535
304,072
393,665
211,176

drawn

on

-

Other banks i n
own F. R. D i s t r i c t
Ntmber
4jl6
9,142
9,744
7.733
1,602
ljUo
2,361
1,278
5,059
3,242
4,561
1,872
1,958
3,896
10,716
6,306
1,493
3,662
10,913
2,451
4,522
2,470
2,106

16,460,395 103,5^3

•Amount
578,204
874,634
1,125,273
837,082
99,260
187,^87
233,517
154,262
504,216
201,240
271,842
117,236
126,037
232,736
887,725
412,201
120,736
407,860
845,304
144,339
366,587
176,868
136,305

9,043,951

U. S«
Treasurer
Number
1^5
706
52^
681
I3I+
100
177
U3I
402
86
369
115
54
256
98
4l4
200
615
420
219
159
334
106

•Amount
,25,040
76,909
83,376
112,508
13,665
12,9^5
20,476
88,127
51,515
1^,973
40,008
16,643
7,335
52,382
13,269
33,328
27,249
25,lU4
144,913
76,^38
31,US2
106,133
15,234

6,7^5 1,089,092

(l)Opened f o r business F e b r u a r y 1 , 1921.

( C o n t i n u e d on n e x t page)

- II Table

CLEARING OPERATIONS * DECEMBER 16, 1920 TO DECEMBER 15, 1921 ( C o n t ' d )

(Number i n thousands; amounts i n thousands o f
Items

Federal
Reserve
Branch

Parent
Nixnber

Buffalo
Cincinnati
Pittsburgh
Baltimore
Birmingham
Jacksonvilie
Nashville
New Orleans
Detroit
L i t t l e Rock
Loui s v i l i e
Memphis
Helena ( 1 )
Denver
Oklahoma C i t y
Omaha
E l Paso
Houston
Los Angeles
Portland
S a l t Lake C i t y
Seattle
Spokane
TOTAL: 1921
1920




45S
13U
346

905
331
86
104

TO
56
297

29
30
24
519
185
223
72
71
625
379
127

4o6
1S3
5,660

Bank
Amount
225,790
44,880
71,006
103,077
287,862
29,736
15,120
8,895

27,008
31,1(20
3,212
4,434
18,201
148,834
105,553
64,610
11,228
18,277
148,509
49,217
77,689
59,780
59,335
1,616,693

forwarded

to

-

Other F. R. Banks
and t h e i r branches
Ntsnber
1,793
143
785
744
193
246
324
489
100
96
127
23
58

86s
522
477
141
230
1,104
50
161
184
120
8,921

Amount

dollars.)
Total
items
handled
Number

Amount

9,300
2,131,145
'300,911
144,254 (2)12,415 ( 2 ) 2 , 5 6 4 , 3 9 8
4,654,330
16,270
445,405
3,177,174
12,837
372,317
860,941
113,114
4,548
74,884
525,966
2,753
647,670
3,564
53,740
910,446
140,372
3,013
2,375,023
8,56s
63,506
4,241
526,981
14,605
6,174
979,771
19,155
473,801
4,8-56
2,871
271,050
23,716
2,365
191,269
1,154,607
6,733
12,264
100,462
1,763,284
71,830 (3)8,639 (3)1,179,435
41,261
2,375
315,595
944,229
5,359
53,715
160,488
16,501
2,559,717
18,014
661,543
3,797
902,168
122,338
5,593
49,647
4,575
786,093
445,769
23,719
2,937
2,612,572

.157,692
125,^35

30^1,136
37,560,627

( 1 ) Opened f o r b u s i n e s s F e b r u a r y 1, 1921.
( 2 ) I n c l u d e s 52,000 i t e m s amounting t o $13,921,000 f o r w a r d e d
d i r e c t t o drawee banks i n o t h e r F e d e r a l r e s e r v e d i s t r i c t s ,
( 3 ) I n c l u d e s 9>000 i t e m s amounting t o $4,506,000 f o r w a r d e d
d i r e c t t o drawee banks i n o t h e r F e d e r a l r e s e r v e d i s t r i c t s .

Table9-OFFICERS,M
Table

6 . MEMBER AND NON-MEMBER BANI3 I N BRANCH ZONE, JAN. 1 , 1922(Amounts i n thousands o f

F e d e r a l Reserve Branch
BUFFALO:
N a t i o n a l banks
Other member banks
Total•. •
Non-member b a n k s :
On p a r l i s t
Not on p a r l i s t
CINCINNATI:
N a t i o n a l banks
Other-member banks
Total
Non-member b a n k s :
On p a r l i s t
Not on p a r l i s t
PITTSBURGH:
N a t i o n a l * banks
Other member hanks
Total
Non-member b a n k s :
On p a r l i s t
Not on p a r l i s t
BALTIMORE:
N a t i o n a l banks
Other iaember banks
Total
Non-member b a n k s :
On p a r l i s t
Not on p a r l i s t
BIRMINGHAM:
N a t i o n a l banks
Other member banks
Total
Non-member b a n k s :
On p a r l i s t
Not on p a r l i s t
JACKSONVILLE:
N a t i o n a l banks
Other member banks
Total
Non-member b a n k s ;
On p a r l i s t
Not on p a r l i s t




Number

Capital

dollars)
Surplus

Total
Resources

52

10,908

7,750

J2L
85

20,070
30,972

16,186
23,936

177,27*
517,922
*95,796

3*, 5**
*,680
39,224

21,091
JL5S2
26,673

256,613
95>96*
350,577

52.U6C
12,739
65,199

55,671
*7,1£9

102,800

275,900
1,139,9S1

23.115
5.5*5
26,*60

20,*5*
2,440
22,894

336,69*
39.195
375,337

78

207
25222

320
1

319
2*
W

866,081

2*4

1*8
13
161
266

62
1*
76
33
119

60
12
72
63
1*6

-

6,650
1.895
8,5*5
-

7,550
1.955
9,*S5

-

*,7*s
1.525
6,071
-

*,337
571
4,908
-

-

79,772
29.095
108,867
-

113,097
17.607
130,704
-

-•15 Table 6

MEMBER AND N0N-MEM91R BANKS IN BRANCH ZONE, JAN. 1, 1922.
(Cont'd)
(Amounts i n thousands of dollars)
Total
Surplus
Federal Reserve Branch
Capital
Number
Resources
NASHVILLE:
132,986
5.9^6
National banks
10,565
S3
3,692
Other member banks
55
255
136,678
Total•**#•»*••. , 4 *
6,001
10,820
86
Non-member banks:
On par l i s t
146
Not on par l i s t
159
NEW ORLEANS:
National banks
Other member banks
Total.....
Non-member banks:
On par l i s t
Not on par l i s t
DETROIT:
National banks
Other member banks
Total
Non-member banks:
On par l i s t
Not on par l i s t
LITTLE ROCK:
National banks
Other member banks
Total
Non-member banks*:On par l i s t
Not on par l i s t
LOUISVILLE:
National banks
Other member banks
Non-member banks!
On par l i s t
Not on par l i s t
B5EMPHIS:
National banks
Other member banks
Total... Non-member banks:
On par l i s t
Not on par l i s t



38
16
50
229

33
91
124

8,095
11,235
19,380
-

12,355
31,398
43,553

6,720
7,327
14,047

112,107
172,993
285,100

-

-

-

—

7,752
27,061
3M13

215,9^7
568,312
784,259

258

-

-

-

-

-

-

-

4i
28
69
227

3.698
4,049
7,747

339
-

35
20
55
186
167

35.855
44,271
80,126

11,606
1,690
13,296

-

-

-

-

-

S3
6
9*

1.591*
1,687
3,281

-

8,144
1,0-51
9.175

162,027
31,934
195,961

-

-

-

-

-

-

^,635
6,090
10,725
—
-

2,631
2,963
5.59^

47,468
70,026
117,494

Table

MEMBER AND NON-MEMBER BAMS I N BRANCH ZONE, JAN. 1, 1922.
(Cont'd)
(Amounts i n thousands of dollars)
Total
Surplus
Federal Reserve Branch
Capital
Number
Resources
HELENA:
94,348
4,040
National banks
i4o
8,495
38,918
4,300.
Other member banks
1.509
59
133,266
5,549Tptal
12,795
199
Non-member banks:
On par l i s t
215
Not on par l i s t
1
DENVER:
National banks
Other member banks
Total
Non-member banks:
On par l i s t
Not on par l i s t
OKLAHOMA CITY:
National banks
Other member banks
Total
Non-member banks:
On par l i s t
Not on par l i s t
OMAHA:
National banks
Other member banks
Total..
Non-member banks:
On par l i s t
Not on par l i s t
EL PASO:
National banks
Other sieniber banks
Total
Non-member banks:
On par l i s t
Not on par l i s t
HOUSTON:
National banks
Other member banks
Total..........
Non-member banks:
On par l i s t
Not on par l i s t




156
5
161

13,185
1,115
14,300

10,079
785
10,864

229,282
2M36
254,118

24,514
365
24,879

8,555
103
8,658

394,559
3,729
295,288

20,435
.
855
21,290

12,916
256
13,172

278,569
- 7,652
286,221

5,730
1,193
6,923

2,697
351
3,048

68,902
10,770
79,672

12,710
3,508
16,218

8,318
1.883
10,201

159
37,04o
196,484

276

344
S
352
457
57

230
19
249
90S
ISS

58
12
70
71

S3
133
265

-17Table

6,

MEMBER AM) SON-MEMBER BANKS IN BRANCH ZONE, JAN.* 1, 1922.
(Cont'd)
(Amounts i n thousands of dollars)
Total
Sixrplus
Capital
Federal Reserve Branch
Number
Resources
BOS ANGELES:
363,727
National banks
i4s
21,930
10,699
6,291
279>099
20
Other member banks
16,227
642,826
16,990
Total
168
32.157
Non-member banks:
On par l i s t
162
Not ,on par l i s t
PORTLAND:
National banks
Other member banks
Total
Non-member banks;
On par l i s t
Not on par l i s t
SALT LAKE CITY:
National banks
Other member banks
Total
Non-member banks:
On par l i s t
Not on par l i s t
SEATTLE:
National banks
Other member banks
Total•«••••«••«*•
Non-member banks:
On par l i s t
Not on par l i s t
SPOKANE:
National banks
Other member banks
Total
Non-member banks:
On par l i s t
Not on par l i s t




95
ji.
129

11,090
JL12L
"147285

5,676
1,627
7,303

158,461
48,271
206,732

8,885
6,204
15,089

4,427'
2,501
6,928

104,516
62,187
166,703

9.^00
-i^m
10,755

M59
427
4,786

159,006

6,535

2,685
990

9,^13

3,675

165

95
76
171
105

k3
c
16
61

17>157
176,163

98

62
J2_

101
164

92,686
29>658
122,3

Table

7*

TERRITORY ASSIGNED AS OF JANUARY 1, 1:>22.

- IS -

Federal
Reserve
Branch

Federal
Reserve
District

Buffalo

2 - New Y o r k

The t e n most w e s t e r l y c o u n t i e s o f
New Y o r k S t a t e as f o l l o w s :
Monroe,
Genesee, Or1sans, E r i e , A l l e g h a n y ,
C a t t a r a u g u s , Wyoming, L i v i n g s t o n ,
Chautauaua, N i a g a r a .

Cincinnati

k -

That p a r t o f Kentucky i n F e d e r a l
Reserve D i s t r i c t No. k f and t h e f o l l o w i n g 25 c o u n t i e s i n s o u t h e r n Ohio:
Adams, A t h e n s , Brown, B u t l e r , C l a r k ,
C l e r m o n t , C l i n t o n , Darke, F a y e t t e ,
G a l l i a , Greene, H a m i l t o n , H i g h l a n d ,
J a c k s o n , Lawrence, Meigs, Miami, Montgomery, P i k e , P r e b l e , Ross, S c i o t a ,
V i n t o n , Warren, Washington.

Cleveland

Pittsburgh

Description of

Territory

Those p o r t i o n s o f t h e s t a t e s o f
P e n n s y l v a n i a and West V i r g i n i a i n c l u d e d i n F e d e r a l Reserve D i s t r i c t No.

Baltimore

5 - Richmond

The S t a t e of M a r y l a n d and t h e f o l l o w i n g 30 c o u n t i e s o f West V i r g i n i a :
B a r b o u r , B e r k e l e y , B r a x t o n , Calhoun,
D o d d r i d g e , G i l m e r , G r a n t , Hampshire,
H a r d y , H a r r i s o n , Jackson, J e f f e r s o n ,
L e w i s , M a r i o n , M i n e r a l , Monongalia,
Morgan, N i c h o l a s , P e n d l e t o n , P l e a s a n t s ,
P r e s t o n , Randolph, R i t c h i e , Roane,
T a y l o r , T u c k e r , Upshur, Webster, W i r t ,
Wood.

Birmingham

6 - Atlanta

That p a r t o f t h e S t a t e o f Alabama
n o r t h and west o f t h e A t l a n t a and West
P o i n t R a i l r o a d f r o m West P o i n t t o M o n t gomery, and o f the L o u i s v i l l e and Nashv i l l e R a i l r o a d f r o m Montgomery t o the
e a s t e r n boundary o f B a l d w i n County e x cept the counties of Mobile andBaldwin,

Jacksonville
Nashville




The e n t i r e S t a t e o f

Florida

That p a r t o f t h e S t a t e o f Tennessee
i n c l u d e d i n F e d e r a l Reserve D i s t r i c t
No- 6 w i t h t h e e x c e p t i o n o f t h e C i t y
o f Chattanooga.

Table
Federal
Reserve
Branch

7-

TERRITORY ASSIGNED AS OF JANUARY 1, 1922
Federal
Reserve
District

|

(Cont'd) -19-

Description of Territory

New Orleans

6 - Atlanta

Those parts of the States of
Louisiana and Mississippi located i n
Federal Reserve District No. 6, and
the counties of Mobile and Baldwin i n
Alabama.

Detroit

7 - Chicago

The following 19 counties i n the
State of Michigan: Bay,Genesee, H i l l s dale, Huron, Ingham, Jackson, Lapeer,
Lenawee, Livingston, Macomb, Monroe,
Oakland, Saginaw, Sanilac, St* Clair,
Shiawassee, Tuscola, Washtenaw, Wayne.

L i t t l e Rock

8 - St. Louis

Territory is not determined by
State or county lines. Branch t e r r i tory consists of a l l c i t i e s i n Arkansas except those assigned to the Head
COffice and to the Memphis Branch (For
names of c i t i e s see "Federal Reserve
Inter-District

C o l l e c t i o n System" l i s t ) .

Louisville

T e r r i t o r y i s n o t determined b y S t a t e
o r County l i n e s . Branch t e r r i t o r y
c o n s i s t s o f a l l c i t i e s i n K e n t u c l ^ and
I n d i a n a , i n c l u d e d i n F e d e r a l Reserve
D i s t r i c t No. 8 , except those a s s i g n e d
t o t h e Head O f f i c e (For names o f c i t i e s
see " F e d e r a l Reserve I n t e r - D i s t r i c t
C o l l e c t i o n System11 l i s t ) .

Memphi s

T e r r i t o r y i s not determined by
S t a t e or c o u n t y l i n e s . Branch t e r r i t o r y consists of a l l c i t i e s i n Missi s s i p p i i n c l u d e d i n F e d e r a l Reserve
D i s t r i c t No. 8 ; a l l c i t i e s i n Tennessee i n c l u d e d i n D i s t r i c t No. 8 , except
those a s s i g n e d t o St* L o u i s , and c i t i e s
i n Arkansas n o t a s s i g n e d t o S t . L o u i s
o r L i t t l e Rock (For names o f c i t i e s
see " F e d e r a l Reserve I n t e r - D i s t r i c t
C o l l e c t i o n System" l i s t ) .

Helena
Denver.




9 -

Minneapolis

10 - Kansas C i t y

The e n t i r e S t a t e of Montana.
The e n t i r e S t a t e o f Colorado and
t h a t p a r t o f t h e S t a t e o f New Mexico
i n c l u d e d i n F e d e r a l Reserve D i s t r i c t
No. 16,

-20Table

TERRITORY ASSIGNED AS OP JANUARY 1, 1922.

Federal
Reserve
Branch

Federal
Reserve
District

Oklahoma City

10 - Kansas City

Omaha
El Paso

Portland




Description of Territory
That part of the State of Oklahoma
located in Federal Reserve D i s t r i c t
No- 10The entire states of Nebraska and
Wyoming*

11 - Dallas

Houston

Los Angeles

(Cont'd)

That part of the States of Arizona
and New Mexico located i n Federal Reserve D i s t r i c t No. 11, and the following 17 counties i n the State of Texas:
Andrews, Brewster, Crane, Culberson,
Ector, El Paso, Hudspeth, Jeff Davis,
Loving, Martin, Midland, Pecos, Presi d i o , Reeves, T e r r e l l , Ward, Winkler*
The following 57 counties i n the
southeast part of the State of Texas:
Anderson, Angelina, Aransas, Austin,
Bastrop, Bee, Brazoria, Brazos-Brooks,
Burleson, Caldwell, Calhoun, Cameron,
Chambers, Cherokee, Colorado, DeWitt,
Fayette, Fort Bend, Galveston, Goliad,
Gonzales, Grimes, Hardin, Harris,
Hidalgo, Houston, Jackson, Jasper, Jefferson, Jim ? r ells, Karnes, Kennedy,^
Kleberg, Lavaca, Lee, Liberty, Live Oalv
Madison, Matagorda, Montgomery, Nacogdoches, Newton, Nueces, Orange, Polk,
Refugio, San Jacinto, San Patricio,
Star, T r i n i t y , Tyler, Victoria, Walker,
Waller, Washington, Wharton, Willacy.

1 2 - San Francisco

That part of the State of Arizona
located i n Federal Reserve D i s t r i c t No.
12, and the following counties in
California: Imperial, Inyo, Los
Angeles, Orange, Riverside, San Bernardino, San Diego, Santa Barbara,
Ventura.
The entire State of Oregon, except
the towns of Klamath F a l l s , Lakeview
and M e r r i l l which are a f f i l i a t e d with
the Head Office, and the following f i v e
counties i n the State of Washington:
Clarke, Cowlitz, K l i c k i t a t , Skamania,
Wahkiakum.

-21Table 7
Federal
Reserve
^
Branch
Salt Lake City

TERRITORY ASSIGNED AS OF JANUARY 1, 1922.
Federal
Reserve
District
1 2 - San Francisco

(Cont'd)

Description of Territory
The entire State of Utah and
the following counties i n Idaho
and Nevada: Idaho - Ada, Adams,
Bannock, Bear Lake, Bingham, Blaine,
Boise, Bonneville, Butte, Camas,
Canyon, Cassia, Custer, Elmore,
Franklin, Fremont, Gem, Gooding, Jefferson, Lemhi, Lincoln, Madison,
Minidoka, Oneida, Owyhee, Payette,
Power, Teton, Twin Falls, Valley,
Washington, Nevada - Clark, Elko,
Lincoln, White Pine*

Seattle

The following 16 counties i n the
State of Washington: Clallam, Grays
Harbor, Island, Jefferson, King,
Kitsap, K i t t i t a s , Lewis, Mason,
P a c i f i c , Pierce, San Juan, Skagit,
Snohomish, Thurston, Whatcom.

Spokane

The following counties i n the
States of Washington and Idaho:
Washington - Adams, Asotin, Benton,
Chsian, Columbia, Douglas, Ferry,
Franklin, Garfield, Grant, Lincoln,
Okanogan, Pand O r e i l l e , Spokane,
Stavens, Walla Walla, Vhitman, Yakima.
Idaho - Benewah, Bonner, Boundary,
Clearwater, Idaho, Kootenai, Latah,
Lewis, NssPerce, Shoshone.




-22Table

Federal
Reserve
_ _ Branch
Buffalo

S.

DIRECTORS

Name

(Terms expire December 31, 1922.)

Business

Home
Address

1, Edward J. Barcalo

President, Barcalo Mfg.
Co,, Buffalo, N. Y.

Buffalo, N, Y.

2* John A. Kloepfer

President, Liberty Bank
of Buffalo, N. Y.

Buffalo, N, Y.

3. Harry T. Ramsdell

President, Manufacturers
and Traders Natl. Bk.,
Buffalo, N. Y.

Buffalo, N* Y.

E l l i o t t C. McDougal President, Marine Trust
Co,, Buffalo, N. Y,

Buffalo, N. Y.

5. Walter W.
Schneckenburger
6. Fred J , Coe

Vice-President, Power City Niagara F a l l s ,
Bk., Niagara Falls, N.Y.
N* Y.

7. Thomas E* Lannin

Vice-President, Lincoln
Alliance Bank,
Rochester, N* Y.

1- George D. Crabbs

President, The P h i l i p Cincinnati,
Carey Manufacturing Co.,
Ohio
Lockland, Ohio

2. Judson Harmon

Attorney, Cincinnati,
Ohio

Cincinnati,
Ohio

3. Charles A. Hinsch

President, Fifth-Third
Natl. Bank, Cincinnati,
Ohio

Cincinnati,
Ohio

U. TOn. S* Rowe

Cincinnati

Manager, Buffalo Branch

Buffalo, N* Y.

President, First Natl..
Bank, Cincinnati, Ohio

Cincinnati,
Ohio

Rochester,
N. Y.

5- Lawrence W. Manning Manager, Cincinnati Branch Cincinnati,
Ohio
Pittsburgh




President, Pittsburgh
Plate Glass Co.,
Pittsburgh, Pa.

Sewickley,
Pa.

2. R. B. Mellon
NOTE:

1. Chas. W. Brown

President, Mellon NatlBank, Pittsburgh, Pa.

Pittsburgh
Pa.

Most of the directors have other business connections than those
shown above.

Table

~ 23 -

DIRECTORS - (Cont'd,)

Pittsburgh

3. J. D. Callery

Harrison Nesbit

5. Geo. DeCamp
Baltimore

Chairman of the Board,
Duquesne Light Co.,
Pittsburgh, Pa.

Pittsburgh,
Pa.

President, Bank of P i t t s - Pittsburgh,
burgh, N. A., Pittsburgh, PaPa,
Manager, Pittsburgh Branch Pittsburgh,
Pa.

1. Chas« C* Homer, J r . President, Second Natl.
Bank, Baltimore, Md.

Baltimore,
Md.

2. William Ingle
3.

Waldo Newcomer

President, N a t ' l Exchange
Bank, Baltimore,

Baltimore,
Md.

k. Henry B, Wilcox

Vice-President, Merchants
N a t ' l Bank, Baltimore,
Md.

Baltimore,
Md*

5. Morton M« Prentis

Manager, Baltimore Branch

Baltimore,
Md*

1. W. H. X e t t i g

Retired manufacturer and
jobber

Birmingham,
Ala*

2. W, W. Crawford

President, American Trust
and Savings Bank,
Birmingham, Ala.

Birmingham,
Ala.

3. John JL Frye

President, Traders National Birmingham,
Bank, Birmingham, Ala.
Ala.

4. T. 0. Smith

Birmingham

President, Baltimore Trust Baltimore,
Md.
Co,, Baltimore, Md.

Vice-President, Birmingham Birmingham,
Trust and Savings Co.
Ala.

5. Oscar Wells
Jacksonville 1. Jno. C. Cooper

President, F i r s t National
Bkt ,Birminghamf Ala. '
Attorney - at Law

Birmingham,
Ala.
Jacksonville,
Fla.

2, Bion H. Barnett
3* E. W. Lane
NOTE:



President, Barnett N a t ' l
Jacksonville,
Bank, Jacksonville, Fla.
Fla.
President, Atlantic N a t ' l Jacksonville,
Bank, Jacksonville, Fla.
Fla.

Most of the directors have other business connections than those
shown above*

- 24 -

Table g# DIRECTORS - (Cont *d)
Jacksonville

Pulton Sausey.

Commission Merchant Produce, Jacksonville,
Fla.

Jacksonville,
Fla.

5* Giles L* Wilson

Hartford Hosiery Co,,
Nashville, Tenn.

Nashville,
Tenn,

President, Fourth and
F i r s t Nat f l Bank,
Nashville, Tenn.

Nashville,
Tenn.

3* Paul M. Davis

Vice-President, American
N a t ! l Bank, Nashville,
Tenn.

Nashville,
Tenn.

k. T, A* Embry

President, Farmers Nat*l
Bank,- Winchester, Tenn.

Winchester,
Tenn-

5. E. A. Lindsey

Orleans

1. W. H. Hartford
2* J. E. Caldwell

Nashville

Vice-President, Florida
Jacksonville,
N a t U Bank, Jacksonville, F l a ,
Fla.

President, Tennessee
Hermitage N a t ' l Bank,
Nashville, Tenn.

Nashville,
Tenn.

1. P. H. Saunders

I sad ore Newman & Son,
Investment Bankers
(Member of firm)

New Orleans,
La*

2. Jno. E. Bouden, Jr,President, Whitney-Central New Orleans,
N a t ' l Bk., New Orleans,
La.
La*
Wholesale Grocer

Mobile, Ala*

Vice-President, First
N a t ' l Bk., Hattiesburg,
Miss,

Hattiesburg,
Miss.

5* R. S* Hecht

President, Hibernia Bank
and Trust Co., New Orleans, La.

New Orleans,
La.

6. B. B. Light cap

Retired Planter

Jackson, Miss*

7- Leon C- Simon

Wholesale Importer & Exporter of Hats

New Orleans,
La*

3* A. P* Bush
Frank W. Foote

NOTE:

Most of the directors have other business connections than those
shown above.




- 25 -

Table bg; DIRECTORS - (Cont'd)
Detroit

1. John Ballantyne

President, Merchants N a t ' l Detroit, Mich.
Bank, Detroit, Mich*

2. Emory W* Clark

President, F i r s t and Old
Detroit N a t ' l Bank,
D e t r o i t , Mich.

3» Chas. H* Hodges

President, Detroit Lubri- Grosse Pointe
cator Co., Detroit, Mich. Farms, Mich*

Julius H- Haass

5, Robert B. Locke

Detroit, Mich,

President, Wayne County
and Home Savings Bank,
D e t r o i t , Mich.

Detroit, Mich.

Manager, Detroit Branch

Highland Park,
Mich*

L i t t l e Rock 1. J. E. England, J r . President, England N a t ' l
Bank, L i t t l e Rock, Ark*

L i t t l e Rock,
Ark.

2* C* A. Pratt

Capitalist

L i t t l e Rock,
Ark*

3* Geo* W* Rogers

Vice-President, American
Bank of Commerce and
Trust Co., L i t t l e Rock,
Ark*

L i t t l e Rock,
Ark-

President, Union and Mercantile Trust Co.,
L i t t l e Rock, Ark.

L i t t l e Rock,
Ark*

Moorhead Wright

5* A* F* Bailey
1. W. C. Montgomery

Vice-President, F i r s t Hardin N a t 1 ! Bank,
Elizabethtown, Ky.

Elizabethtown,
Ey*

2. Geo. W. Norton

Capitalist

Louisville,
Ky.

3- F* M* Sackett

President, Pioneer Coal
Co., Louisville, Ky*

Louisville,
Ky.

Ebabry L-Swearingen President, F i r s t N a t ' l
Bank, Louisville, Ey*

Louisville

Manager, L i t t l e Rock Branch L i t t l e Rock,
Ark-

Louisville,
Ky.

5, W* P- Kincheloe

NOTE:




Manager, Louisville
Branch

Louisville,
Xy.

Most of the directors have other business connections than those
shown above*.

Table

- 26 -

DIRECTORS - (Cont'd)
Memphis,
Tenn.

Lawyer

Memphis,
Tenn.

Memphis,
President, Central State
Tenn.
N a t ' l Bank, Memphis, Tenn.

4* J. D. McDowell

Vice-President, Union and
Planters Barik and Trust
Co., Memphis, Tenn.

Men^his,
Tenn.

5* J . J. Heflin

Manager, MemphisfBranch

Memphis,
Tenn.

1„ H, W. Rowley

Capitalist

Billings,
Mont.

2* Lea M. Ford

Banker and Stockman

Great Palls,
Mont.

3* R* 0. Kaufman

Banker

Helena, Mont*

4» T* A* Marlow

Banker and Stockman

Helena, Mont.

5* C* J- Kelly

Mining and Meat-Packing

Butte, Mont*

1. Alva B. Adams

Attorney

Pueblo, Colo.

2. John Evans

President, International
Trust Co*, Denver, Colo,

Denver, Colo.

3* A. C. Poster

President, Bankers Trust
Co*, Denver, Colo.

Denver, Colo.

Vice-President, F i r s t N a t ' l
Bank of Denver, Colo.

Denver, Colo.

5* C. A* Burkhardt

Manager, Denver Branch

Denver, Colo.

1. Dorset Carter

Capitalist

Oklahoma
City, Okla.

2* William Mee

President, Security N a t ' l
Oklahoma
Bank, Oklahoma City, Okla.
City, Okla,

3. E. K. Thurmond

Denver

Vice-President, Bank of
Commerce and Trust Co*,
Memphis, Tenn.

3* S. E. Bagland

Helena

1. R. B. Snowden

2. T* K* Riddick

Memphis

Banker

C. C. Parks

Oklahoma
City

NOTE:



Oklahoma
City, Gkla*

Most of the directors have other business connections than those
shown above*

- 27 Table

S.

DIRECTORS - (Cont'd)

Oklahoma
City

T. P. Martin, J r .

Oklahoma City,
Okla.

5. C. E. Daniel

Manager, Oklahoma City
Branch

Oklahoma City,
Okla.

1. R. 0, Marnell

Cashier, Merchants N a t f l
Nebraska City,
Bk*, Nebraska City, Nebr.
Nebr*

2. P. L* Hall

President, Central NatU
Bk., Lincoln, Nebr*

3. &• E. Abbott

Omaha

President, Oklahoma
Stockyards Nat 1 ! Bank,
Oklahoma City, Okla.

President, F i r s t Nat*l Bk*, Cheyenne,
Cheyenne, Wyo.
Wy0.

Lincoln,
Nebr.

Vice-President, Packers
Nat ' 1 Bank, Omaha, Nebr.

Omaha, Nebr*

5- L. H. Earhart

Manager, Omaha Branch

Omaha, Nebr.

1. W. W* Turney

Attorney

El Paso, Tex.

2* A. P. Coles

Real Estate

El Paso, Tex.

3* U* S* Stewart

Banker

El Paso, Tex.

k. E. M* Hurd

Wholesale Grocer

El Paso, Tex.

5* W. C, Weiss

Manager, El Paso Branch

E l Paso, Tex.

1. Frank Andrews

Attorney

Houston, Tex.

2. Guy M. Bryan

Banker

Houston, Tex,

3* J. J* Davis

Banker

Galveston,
Tex.

1+, R* M. Farrar

Lumberman

Houston, Tex,

5- E. F* Gossett

Banker

Houston, Tex.

1* Isaac B. Newton

Capitalist

Los Angeles,
Calif. '

2* Henry M. Robinson

President, First National
Pasadena,
Bank, Los Angeles, Calif•
Calif.

W. J. Coad

E l Paso

Houston

Los
Angeles

NOTE:

Most of the directors have other business connections than those
shown above.




Table

- 25 -

DIRECTORS - (Cont'd)

Los Angeles 3* Jos. P. Sartori

President, Security Trust
and Savings Bank, Los
Angeles, C a l i f ,

Los Angeles,
Calif.

U. Arthur J* Waters
5. C. J. Shephard

Manager, Los Angeles
Branch

Hollywood,
'Calif.

1* J. C. Ainsworth

President, U. S. N a t ' l
Bank, Portland, Ore.

Portland,
Ore.

2* Edward Cookingham

President, Ladd and Tilton Portland,
Bk., Portland, Ore*
Ore.

3* Nathan Strauss

Fleischner, Mayer & Co*,
(Member of firm)-,
Portland, Ore.

Portland,
Ore.

U. Joseph N. Teal

Portland

President, Citizens N a t U Los Angeles,
Bank, Los Angeles, C a l i f .
Calif.

Attorney

Portland,
Ore.

5* Frederick Greenwood Manager, Portland Branch

Salt Lake
City

Portland,
Ore.

1. Chapin A, Day

President, Ogden-Portland Ogden, Utah
Cement Co., Ogden, Utah

2. L. H. Farnsworth

Chairman of the Board,
Walker Bros., Bankers,
Salt Lake City, Utah

Salt Lake
City, Utah

3* Lafayette Hanchett

President, Utah PoweV and
Light Co., Salt Lake
City, Utah

Salt Lake
City, Utah

G. G. Wright

5. H. B« Motherwell

NOTE:




Gen'1 Manager, ConsoliIdaho Falls,
dated Wagon and Machine
Idaho
Co., Salt Lake City, Utah
Manager, Salt Lake City
Branch

Salt Lake
City, Utah

Most of the directors have other business connections than those
shown above.

Table

g#

Seattle

- 29 -

DIRECTORS - (Cont *d)

President, National Bank
of Cornierce, Seattle,
Wash,

Seattle,
Wash.

President, Kelley-Clarke Co.,Seattle,
Wash.
Seattle, Wash.

4. Charles E* Peabody

Chairman, Board of
Directors, Puget Sound
Navigation Co-, Seattle,
Wash.

Seattle,
Wash.

5# C* R. Shaw

Manager, Seattle Branch

Seattle,
Wash.

1* Peter McGregor

Manager, McGregor Land and
Livestock Co., Hooper,
Wash.

Spokane,
Wash.

2. R. L* Ratter

President, Spokane and
Eastern Trust Co.,
Spokane, Wash.

Spokane,
Wash*

3. G. I . Toevs

Vice-President and Manager,
Centennial M i l l Co.,
Spokane, Wash*

Spokane,
Wash*

4* W, L» Partner




Seattle,
Wash.

3. Charles H*. Clarke

NOTE:

President, F i r s t N a t ' l
Bank, Seattle, Wash.

2* M. F* Backus

Spokane

1. M* A. Arnold

Manager, Spokane Branch

Spokane,
Wash.

Most of the directors have other business connections than those
shown above.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102