The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BRANCHES AND AGENCIES
OF
FEDERAL RESERVE BANKS
FEDERAL RESERVE BOARD
WASHINGTON
JUNK, 1925
BRANCHES AND AGENCIES OF FEDERAL RESERVE BANKS
POWERS AND JUNCTIONS, AND VOLUME OF BUSINESS HANDLED
TABLE OF CONTENTS:
Page
Date of establishment of branches and agencies . . . . . . . . . . .
1
General scope, of operations of branches
1
Operations performed by agencies
..*«••.••••*•
2
Table 1 - Comparison of powers and functions of branches:
Deposits.. .•
.....
Discount operations
•-.••
.
Open market operations
*
Gold Settlement Jtand
Clearingsand Collections Y
...........
Relations with l o c a l clearing house
Currency and Coin
i..
Telegraphic Transfers
• • . . ... • • Fiscal Agency operations . . .
...........
Custodies . . . . . . .
.....
2 - Bank Premises •
3
H
4-5
5
5-6
6
7
7
7
8
9-10
3 - Earnings and expenses, and personnel . . . . . . . . . . .
11
4 - Average holdings of discounts,cash and deposits
12
5 - Volume of operations i n principal departments •
6 - Clearing operations (checks h a n d l e d ) * . . • • • . . • • • • 1 7 - 1 8
7 - Member and nonmember banks in branch zone . . . . . #19-22
8 - Territoxy assigned
•..
9 - Officers
10 - Directors
FEDERAL RESERVE BOARD
DIVISION OF BASK OPERATIONS
JUNE 1925
• • 23-26
•
•
27-29
30-3^
(St. 45lU)
1
BRANCHES AND AGENCIES OF FEDERAL BESERVE BANKS
Based on the general character of business that they are author-,
ized to transact, the branches and agencies of the Fbderal reserve banks
may be conveniently grouped as follows:
GROUP
I
Date opened
Branch and
f o r business
D i s t r i c t number
May 15, 1919
2. Buffalo
Mar. 1 , 1918
5. Baltimore
Sept. 10,1915
6. New Orleans
Mar. 18 r 191&*
7. Detroit
Jan. 6 , 1919
8. Litfrle Rock8. L o u i s v i l l e
Dec. 3 , 1917
Sept.3, 1918
8. Memphis
Feb. 1 , 1921
9. Helena
Jan.14, 1918
10. Denver
Sept.U, 1917
10. Omaha
June 17, 1918
i i . E l • Paso
Aug. U, 1919
l i . Houston
12. Eos Angeles
Jan. 2 , 1920
Oct. 1 , 1917
12. Portland
12. Salt Lake C i t y Apr. 1 , 1913
Sept„l9,1917
12. Seattle
12. Spokane
July 26,1917
GROUP
II
Branch and
Date opened
D i s t r i c t number
f o r business
Jan. 10, 1918
H. Cincinnati
K Pittsburgh
Apr„ 22, 1918
6. Birmingham
Aug. 1 , 1918
Aug. 5 , 1918
6. Jacksonville
6. Nashville
Oct. 21, 1919
Aug. 2 , 1920
10* Oklahoma City
AGENCIES
1. Havana
6. Havana
6. Savannah
»
Sept. 1 , 1923
Sept. 1, 1923
Feb. U, 1919
CUHHENCY FUNIS
3. Scranton, Pa.
3. Johnstown, Pa.
Oct. 2 6 , 1923
June 23, 1924
Branches i n Groin* I perform p r a c t i c a l l y a l l of the functions o f a
Ifederal reserve bank. Those i n Groxxp I I do not carry on t h e i r own books
the reserve deposit accounts o f member banks i n t h e i r t e r r i t o r i e s , nor do
they engage i n some o f the other more important a c t i v i t i e s o f Federal r e serve banks except on specific instructions from and for the account of
the parent bank. For example, paper presented to branches i n Group I I f o r
rediscount i s transmitted to the parent barik, e i t h e r with or without
recoixsnendation, though when necessary arrangements can be made for imnediate
c r e d i t therefor on the books of the parent bank through the use of the Fede r a l reserve leased wire system. Apart ftom these p r i n c i p a l differences,
there are minor differences i n the powers and Amotions o f the branches
which are brought out i n the tabular statement on pages 3 to S.
HAVANA, CUBA, AGENCIES. The Havana Agency of the Federal Raserve Bank o f Boston i s authorized to huy and s e l l cable transfers, and
to buy, s e l l , and c o l l e c t prime bankers 1 acceptances and prime b i l l s of
exchange, but not to pay out currency except under c e r t a i n specified
conditions, The a c t i v i t i e s o f the Havana Agency of the Federal Reserve
Bank o f A t l a n t a are l i m i t e d to currency operations and to the purchase,
s a l e , and c o l l e c t i o n i n Cuba o f such bankers 1 acceptances and b i l l s of
exchange as have originated i n or are drawn upon drawees i n the sixth
I n d e r a l reserve d i s t r i c t .
This agency may purchase other b i l l s only
tpon request sold f o r the account of the Federal Reserve Bank o f Boston.
SAVANNAH, GA» AGENCY, This agency o f the Federal Beserve Bank
of A t l a n t a supplies the currency and coin requirements o f banks i n the
c i t y of Savannah, and holds i n custody securities pledged as c o l l a t e r a l
to b i l l s forwarded by Savannah member banks to the Ifederal Beserve bank
o f A t l a n t a f o r rediscount. The agency also arranges f o r the settlement
o f the c l e a r i n g house balances on the books o f the Federal reserve bank,
by telegraphic advice to the parent bank.
dUHKENCY FUNIS. The Federal Reserve Bank o f Philadelphia
maintains a supply o f Federal reserve notes i n Scranton and i n Johnstown,
Pa. , to enable i t to meet more promptly the currency requirements of
member banks i n those c i t i e s .
The Federal reserve notes are held i n the
.custody o f a member bank which has deposited s e c u r i t i e s w i t h the Federal
reserve bank to protect the l a t t e r against possible losses.
COMPARISON OF POWERS AND JUNCTIONS, JANUARY 1,. 1925 (Cont'd)
X
X X
X X
X X X
AS
1
•rl 1
C0
AS
•rl *H
O ft.
2
Oklahoma City
X X X
.
Nahsville
X
u
Birmingham
Jacksonville
X
1 1
Los Angeles
Portland
Salt Lake City
X
•p
•H
O
u
-p
GROUP
El Paso
Houston
X
A
Helena
DEPOSITS - MEMBERS' RESERVE:
Reserve accounts o f member banks,
and clearing accounts o f non-member
banks which have established such
accounts 1 are carried on the books
of the Branch
••••
0
Little Rock
Louisville
Memphis
(Branches to which statements
agpply indicated by "x")
New Orleans
F U N 0 T I O.IN
Baltimore
10DP
G B
Seattle
Spokane
Table 1 -
X X
No deposit accounts are carried on
the books o f the Branch. Credit
for a l l items deposited i s arranged
d a i l y with parent bank by telegraph
or otherwise
-
X X
xxx
X X
xxx
X
X X
X X X
X
X
DEPOSITS - GOVERNMENT:
Government deposits are received and
carried on the books of the Branch
X
Government deposits are received and
transmitted to the parent bank
X
Daily transcripts covering debits
and credits i n Government account,
also paid checks and warrants and
cancelled coupons, are forwarded
direct to the U. S. Treasurer
X
X
X X X
X
X X
X X
X X X X X
X
X
X
X
xxx
X
X
X
X X
X X X X X
COMPARISON OF POWERS AND JUNCTIONS, JANUARY 1,. 1925 (Cont'd)
X X X X X
Oklahoma City
X X
ii
*H CD
«aHs*H
O iu
Nashville
x x
GROUP 2
Bimingliam
Jacksonville
X
Los Angeles
Portland
Salt Lake City
Seattle
Sookane •
Memphis
£
Little Rock
Louisville
r-f
U
O
Detroit
s
©
1
El Paso
Houston
DISCOUNT OPERATIONS 5
E l i g i b l e proer presented by member banks i s d i s count od by and carried on the books of the Branch
(a) Without r e f e r r i n g paper to the parent
bank f o r review
(b) Subject to review by the parent bank,
Buffalo
(Branches to which statements
apply indicated by 11 xM)
Baltimore
CO
F U N C T I O N
DenverOmaha
SHOffP
Helena
-
|
Table 1
«
X
X
&
JL.
X X X
E l i g i b l e paper presented to the Branch f o r d i s count i s examined and forwarded to the parent
bank. I f technically acceptable, the Branch may
arrange by telegraph f o r inmediate credit theref o r on the books of the parent bank . . . .
X X
X X X
X
X X
X X X
X
CVFS MARKET OPERATIONS - ACCEPTANCES:
Branch i s authorized to purchase acceptances i n
the open market without specific instructions
from the parent bank
Acceptances are purchased i n the open market
only tcpon instructions from the parent bank
3C
JL
X
X
0)
Acceptances purchased i n the open market are
carried on the books o f the
(a) Branch
••
X
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
(1) Paper acquired by the Baltimore Branch i s carried on i t s own books f o r one day only, being transferred
to the parent batik on the following business day a f t e r discount.
t£k, *
Table 1 -
COMPARISON OF POWERS AND JUNCTIONS, JANUARY 1,. 1925 (Cont'd)
GROUP
03
FUNCTION
o
(Branches to which statements
apply indicated by ft x tl )
5H
ia_
2
1
•P
+»
U •H
o O
£ U
•P
•3T
* A.
M
15 <D
& rH
•H TO
© J> -rt
H
ttfl
s i t
OPEN MARKET OPERATIONS - U. S. Securities:
Branch i s authorized to purchase U. S. sec u r i t i e s , but only upon instructions from
and for the account of the parent bank . . . .
GOLD SETTLEMENT HJND:
Participates d i r e c t l y i n the Gaily clearing
through the Gold Settlement Fund on account
of
(a) Checks, d r a f t s , etc. collected for
other Federal reserve banks and
branches
(b) Federal reserve notes of other Federal
reserve banks returned f o r redemption
or credit
The Gold Settlement telegrams which the
Branch sends to the Federal Reserve Board
include also credits on account of collections made f o r the parent bank
GROUP 2
to
A
$
<D
rH
o C
CO o
gjjS
GJ +> %'rH
-P
P* W
•P -P
CO U rH Rj
o o aJ <D
M
CU CO Cfl
I
11
JL
X
X
X X
^
X X X
X
X
X X X X X
XXX
X X
X X
X X X X X
X
X X
X
XX
XX
•a
A
•s
•p
13
X X
X
>5
•H
•H (D o
> rH
G rH
c
atf
O -H
CO > Q
-a-a
co rt
J2-S<D
«H
o
a>
- p
-p
Q fH
X
X
X
X
XXX
X
CLEARINGS AND COLLECTIONS:
Clears and collects checks, drafts, and other
cash items c o l l e c t i b l e at par through a Fede r a l reserve bank; and receives for collection
and c r e d i t , on i t s own books or on the books
of the parent bank, maturing b i l l s , notes,
coupons, acceptances, b i l l of lading d r a f t s ,
XXX
X X X X X
X X
X X
XXX
etc. .
(1V Matxuring items' received'for collecUon are handled only i f payable i n the Federal reserve brancn city*
im
p
COMPARISON OF POWERS AND JUNCTIONS, JANUARY 1, 1935 (Cont.»d)
a
O a
45
J«? o
td
i
A
^ §
g
I I
S3
t- \
M 1x1
• GEDUP 2
Cincinnati
Pittsburgh
•8
+>
i Little Rock
Louisville
Memphis
[New Orleans
Baltimore
(Branches to which statements
apply indicated by ttxu)
Buffalo
FUNCTION
1
•
Los Angeles
Fortland
Salt Lake City
Seattle
Spokane'
G R0 UP
i
.Table 1 -
RELATION WITH LOCAL CLEARING HOUSE:
X
As a member o f the l o c a l clearing house
association the Branch i s
(a) Subject to the seme penalties as other
members • • . • • • « . . . . . . . . • . . . • . . • . . . • . « . J L
(b) Not subject to penalties which may be
levied against other members.„
Branch pays dues as a member o f the local
clearing house association
S
1
(D
at
A
pfSO S
-H
1 * * IrH
Coot
•H <0 sfl
CQ h 5?I
M
X
M
Branch i s a member o f the local clearing house
association with the same privileges as other
members, except that i t has no voice i n the
management thereof
<D
rH
X
X
X
X
X
X
X
X
Membership i n the local clearing house
association i s complimentary
X X XX X X X
XXX
X X
X X XX X X X
XXX
X
X
X
(i)
X
X
X X
X XXX X
X
X
X
X
X
X X
X XXX X X
X
X
X
(1) The Louisville Branch exercises the functions o f a clearing house so f a r as the clearing of local
checks i s concerned.
X
X
X
The result of the d a i l y clearings i s r e f l e c t ed i n debit and credit entries to deposit
accounts on the books of the Branch or i t s
X
X X
r
X
fx
X
COMPARISON OF-POWERS AND FUNCTIONS, JANUARY \ x 1925 (Cont'dV
Birmingham
Jacksonville
Nashville
xxx
X
X X X X X
X X
xxx
X
X X X X X
X X
xxx
X
X X X X X
X X
xxx
X
X
X X X
X
X X
X X
X
X
xxx
X
X X
X X
X
X
xxx
X
TEXSGSAPEIC TRANSFERS:
Makes telegraphic transfers o f fbnds f o r the
account of member and clearing nonmember
banks ••••••««••«<«««««•*%<»« •««««*««•«•««•»«
X
X
X
FISCAL AGENCY OPERATIONS:
Pays Government checks and redeems coupons . .
X
X
Redeems maturing c e r t i f i c a t e s of indebtedness
and other Government obligations
X
X
Makes exchanges o f U. S. Government securities
X
Receives subscriptions for c e r t i f i c a t e s of
indebtedness and Treasury notes
X
Detroit
X X X X X
New Orleans
X X
Baltimore
X X
X
X
0 cd
X X
0 fl
«
flj 0
4>
r{
rH 0
ww
xxx
X
Cincinnati
Pittsburgh
X
Helena
•p
•rl
0
X
±
GSOUP 2
X X X
(JJVJmOY AND COIN:'
Maintains a supply of currency and coin to
meet the requirements of the hanks located i n
the branch zone # . . . .
(Branches to which statements
apply indicated hy "x")
V :
6 -S
a
a
Buffalo
FUNCTION
F
Little Rock
Louisville
Memphis
• GR
Los Angeles
Portland
Salt Lake City
Seattle
Spokane
Tab la 1 -
X
1
rH
'
X X
-
0
X
X X
X X X X X
X X
<1
COMPARISON OF POWERS AND JUNCTIONS, JANUARY 1,. 1925 (Cont'd)
u
&B
11
GBOUP 2
Birmingham
Jacksonville
Nashville
JEL
i
1
Los Angeles
Portland
Salt Lake City
Seattle
Spokane
1
Helena
i
(Branches to which statements
apply indicated by "x")
•8
Little Bock
Louisville
Memphis
• o
Detroit
F U N C T I O N
New Orleans
G R0 UP
El Paso
Houston
Table 1 -
it
p
•rl
O
•H
O
.
W
-P
iH
fr
-p
1-1
0
1
8
CUSTODIES:
\
Securities held f o r account of l i s c a l
Agency Department - U. S. Treasury . . . . . . . . «
X
X
X
Collateral pledged hy member banks as sec u r i t y f o r Government deposits
X
X
X
X
X X X
Collateral pledged as security f o r rediscounts'and member banks1 c o l l a t e r a l notes.
(Branches which are not authorized to discount pq>er attach trust receipts covering
the c o l l a t e r a l to the application f o r r e discount forwarded to the parent bank)
X
X
X
X
X X X
X
Securities are held i n safekeeping f o r
member hanks • • . « • • . » • * • • • •
X
X
X
X
X X X
X
X X X
X X
\x
X
rsds.
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
ill.
X X X
X
9
Table 2
-
BANK PREMISES,. DECEMBER 31, 13 2^.
New Buildings Constructed for the Faderal Reserve Branches
and now occupied as hank quarters.
Federal Reserve
branch and
d i s t r i c t number
. 6,
6.
10.
11.
11.
Jacksonville
N9w Orleans
Oklahoma C i t y
E l Paso
Houston
Cost
of
Land
Cost
of
Building*
.Total
cost
$1*5,8^2
.201,250
65,021
39,003
66,312
$230,93^
SS5.983
^77,756
122,193
3^3,597
$222,776
1,097,233
5*12,777
161,196
^9,909
Remarks
Occt^ied June 192U
«
October 1923
«
A p r i l 1923
»
August 1920
«
February 1922
Buildings Purchased for the Federal Reserve Branches
and now occupied as bank quarters.
Original
cost
K
5.
6.
S.
9#
Pittsburgh
Baltimore(b)
Nashville
Louisville
Helena
Cost of
remodeling
515,000
201,023
Usi^k
S3,70U
202,S77
14,925
201,013
(a)l97,SSl
162, klk
Total
cost
Occupied Ifebruary 1920
«
March 191S
11
December 1922
»
Jane 1913 "
"
February 1921
996,U5U
201,023
2SH,717
too,75s
177,399
New buildings i n course of construction or authorized
Cost
of
Land
S.
10.
10.
12,
L i t t l e Rock
Denver
Omaha
Salt Lake City
85,007
101,512
176,236
ll»+,075
Estimated
cost o f
construction
Total
estimated
cost
*3^2,196
*%1,626
*l457,170
••250,000
^27,203
593,13f
633,1&6
36U,075
60 p3r cent completed
Construction not begun
It '
It
II
II
It
II
Buildings oocupied by tenants
K
Cincinnati
5# Baltimore
Original cost
Total cost
$380,7^
$3SO,7U4
251,3^3
W i l l be remodeled or
new building erected251,3^3 Purchased i n 1920 as
a site for proposed
* new building.
Building sites purchased.
6. Birmingham
7. D e t r o i t
Cost
$125,509
650,000 >
•Including vaults and f i x e d machinery and equipment,
n
11
w
••Excluding
*
»
«
(a)Represents t o t a l estimated cost of remodeling and new construction.
Cost to December 31, 192kt $167,332.
( b ) W i l l be sold i f a building i s erected on the site purchased i n 1920,
Table 2 - BANK PREMISES,. DECEMBER .31, .1921+
(Cont'd)
No buildirigs or building sites -purchased
Inderal Reserves Branch or Agency and d i s t r i c t number
1. .Havana Agency
2..Buffalo
6. Havana Agency
6. Savannah Agency
S, Memphis
12.
12.
12.
12.
Los Angeles
Portland
Seattle
Spokane
Expense of the Provision of Space function for the jgferst ,qaartr§r
Federal reserve
branch or agency
and d i s t r i c t number
Administration
Banking
hous s (property owned)*
• /?>
Total*
<0
Rented
•property
1.. Havana Agency
-
-
$300
$300
2, Buffalo
-
-
7,869
7,869
K
$239
6,542
6,781
11,633
2,1423
8,239
2,573
254
2,573
2,407
2,914
8,705
329
Cincinnati
Pittsburgh
891
563
5. Baltimore
6. Binrdngham
Jacksonville
Nashville
New Orleans
Havana Agency
Savannah Agency
7,. Detroit
5,253
2,153
2,9lU
8,705
-
—
-
-
820
5,017
1,670
-
4,302
11, El Paso:.
Houston
1,829
4,648
TOTAL
329
11,179
•11,17? .
2,309
3,129
5,017
5,578
5,578
10«\ Denver
Oklahoma City
Omaha
12. Los Angeles;
Portland
Salt Lake City
Seattle
Spokane
1
A.
S. L i t t l e Rock
Louisville
^ Memphis
9. Helena
$io,
39
1U6
9
-
28
15
1,930
HS,053
1,670
-
^,513
5,290
^,513
4,302
5,290
24
1,853
4,687
10,842
6,506
6,728
5,64o
3,530
10,988
82,429
132,412
T'51L
3,5^
• A f t e r deducting rent received f o r space .leased to tenants.
S
Table 3
EARNINGS AND EXPENSES HIRING 192V, AND PERSONNEL
Federal Reserve
Branch or Agency Gross
earnings
and
District number
1. Havana Agency (a)$U7,591
Current expenses
Salaries
Other
Total
Current
net
earnings
Average number of o f f i cers and
ployees
$10,875
$2,773
$13,648
$33,9^3
188,782
117,251
306,033
8,657
4. Cincinnati i
Pittsburgh
236,859
366,593
105,592
166,379
342,451
532,972
162.
233.
5.Baltimore
274,923
121,748
396,671
206.
6.Birmingham
Jacksonville
Nashville
New Orleans
Havana Agency
Savannah Agency
44,4l<9
148,670
46,46l
118,
27,174
7,701
U6.5U6
56,863
41,657
107,473
7,822
90,995
105,533
.•88,118
225,966
3^,996
11,121
33.
'2.Buffalo
314,690
571,517
122.
81.
7.
5.
3^,551
1. Detroit
30^,994
287,967
139,745
42.7,7.12
•120,718
S . L i t t l e Bock:
Louisville
Memphis
13^,185
173,667
380,586
87,0^0
117,062
109,357
51,265
62,511
6i,4s4
138,31**
179,573
170,841
•4,129
•5,906
209,745
48.
75.
71.
3.Helena
101,211
73,398
50,863
124,261
+23,050
H2.
10.Denver
' - Oklahoma City
Omaha
106,217
73,812
191,959
203,755
259,759
•85,742
307,677
118,147
130,989
167,422
76.
92.
93.
11.El Paso
Houston
128,693
1+7,913
94,564
104,188
63,180
#
70,039
157,7U4
174,227
12. Los Angeles
Portland
Salt Lake City
Seattle
Spokane
155,073
109,096
215,094
14,911
122,291
428,253
137,148
288,1401
113,677
121,6l4
165,653
81,014
114,607
63,722
56,137
593,906
218,162
i»03,00S
177,399
177,751
Total-1924
1923
1922
72,766
92,337
47,918
29,05l
+126,314
-
P67.
•109,066
•187,914
•162,488
*55,^6o
284.
162!
&
3,237,106 3,750,216 1,996,659 5,746,875 *702,857
6,083,299-3,731,806 1,997,804 5,729,610 2,112,389
5,586,724 3,635,967 1,824,293 5,46o,26o 1,690,382
2,385.
t'Mk
(a)Including earnings on transfers sold by parent bank, payable
i n Havana.
•Net d e f i c i t .
Table H.
AVERAGE HOLDINGS OF DISCOUNTS, CASH, At® DEPOSITS
DURING 1524.
t
( I n thousands o f dollars)
Itederal roaervs branch
Di ^counted
or agercy, and
bills
disbriut number
2. Buffalo
7,963
4. Cincinnati
Pittsburgh
-
5. Baltimore
-
6. Birmingham
Jacksonville
Nashville
New Orleans
Havana Agency
Savannah Agency
9,84l
10,073
1,205
Cash
17,231
*7,906
* 14,002
19,9^8
Member bank
reserve
de-posit s
18,692
Government
deposits
-
-
-
19,835
595
17,770
914
2,900
3,£29
2,629
*6,oii'
10,073
#1,205.,.
47,96s--
7. Detroit
r,o3u
•18,825
8. L i t t l e Bock
Louisville
Memphis
2,991
3,256
8,521
5,512
7,105
7,b07
^983
10,629
.6,972
200
300
100
9. Helena
1,953
•2,246
4,983
115
2,284
15,^50
202
15,163
227
3,366
219
284
10. Denver
Oklahoma City
Omaha
6,395
4,291
3,796
3,829
11. £1 Paso
Houston
1,927
1,005
7,674
>•4,486
12. Los Angeles
Portland
Salt Lake City
Seattle
Spokane
3,367
2,459
U,690
322
2,596
14,318
7,476
4.044
S.C06
5,677
51,248
78,482
190,026
271,494
TOTAL
13,739
13,045
7,S6o
13-418
b,273
-
169
203
101
1,046
164
M39
*A stock o f unissued Federal reserve notes i s also held by the
assistant I n d e r a l reserve agent.
^December 31, 192U.
MOTE: Averages are based on d a i l y figures i n the case o f discounted
b i l l s and on weekly (Wednesday) figures i n the case of cash
and deposits.
ft!
J!
Table 5.
VOLUME OP OPERATIONS IN PRINCIPAL DEPARTMENTS DURING 1924.
Number of pieces handled
Currency
Jfederal reserve branch
or agency, and
received and
Bills
d i s t r i c t number.
counted
discounted
2. Buffalo
2,585
4. Cincinnati
Pittsburgh
5« Baltimore
6. Birmingham
Jacksonville
Nashville
New Orleans
Havana Agency
Savannah Agency
7. Detroit
8. L i t t l e Rock
Louisville
Memphis
9. Helena
10. Denver
Oklahoma City
Omaha
11. El Paso
Houston
12. Los Angeles
Portland
Salt Lake City
Seattle
Spokane
Total - 1924
1923
9,446
13,625
Coin
received and
counted
Transfers
of
funds
39,454,000
15.Hl7.000
12,000
29,495,000
53.5S1.000
53.827,000
21,000
47,245,000
138,365,000
27,000
l4.619,000
16.S2S.000
11,310,000
22,750,000
2,899.000
9,486,000
10,904,000
6,000
2,258,000
21,272,000
6,000
i4,ooo
26,327,006
15,000
7,000
2,502,000
697,000
5.936
5^315,000
30,51?,000
30.,000
8,183
3,342
13,00S
8,025,000
22,203,000
17,792,000
5,824,000
13,1^0,000
8,357,000
13,000
13,000
11,000
4,847
2,270,000
694,000
9,000
8,977
7,578,000
4,197,000
3,465,000
11,000
9,000
11,554
6,169,000
4,454,000
4,804,000
5,3*7
3,U19
4,137,000
4,195,000
10,120,000
7,828,000
5,737
4,227
7,007
67s
4,575
140,015,000
5,192,000
3,352,000
8,358,000
1,491,000
11,075,000
112,U93
167,312
^33,580,000
397,973,000
3,998,000
1,196,000
33,000
11,000
22,000
34,000
14,000
6,180,000
19.000
13.000
401,000
8,000
387,200,000
353,158,000
358.000
345,000
M
Ta'ole
5.
VOLUME OF OPERATIONS IK PEINCIPAL DEPARTMENT'S DURING 1924.
(Cont'd)
Nariber of pieces handled.
Noncash c o l l e c t i o n items Fiscal Agency handled
Issues, redemptions and exGove rune nt
A l l other changes of U.S.
coupons
securities
Federal reserve
branch or agency,
and
district
number
Checks
handled
2. Buffalo
10,973,000
297,000
149,000
41,000
4. Cincinnati
Pittsburgh
16,246,000
21,506,000
l,5J3.,0OO
1,464,000
24,000
47,000
320,000
5. Baltimore
17,357,000
391,000
75,000
5^,000
4,529,000
4,692,000
4,423,000
3,663,000
92,000
97,000
113,000
448,000
14,000
30,000
26,000
29,000
110,000
151,000
140,000
148,000
15,321,000
761,000
31,000
301,000
8. L i t t l e Bock
Louisville
Memphis
5,013,000
8,168,000
3,675,000
32,000
542,000
157,000
25,000
38,000
43,000
48,000
134,000
9,000
9. Helena
1,933,000
94,000
28,000
52,000
8,210,000
16,318,000
30,169,000
419,000
34,000
360,000
43,000
62,000
35,000
123,000
184,000
199,000
2,617,000
6,644,000
47,000
178,000
21,000
29,000
4,000
15,000
12. Los Angeles
Portland
Salt Lake City
Seattle
Spokane
38,57^,000
5,477,000
7,008,000
6,079,000
4,027,000
860,000
440,000
135,000
436,000
212,000
122,000
16,000
68,000
32,000
17,000
173,000
180,000
41,000
278,000
66,000
Total - 1924
1923
222,622,000
9,837,000
12,449,000
1,054,000
.207,137,000
1,072,000
3,763,000
29,699,000
6. Birmingham
Jacksonville
Nashville
New Orleans
Havana Agency
Savannah Agency
7. Detroit
10. Denver
Oklahoma City
Ctaaha
11. E l Paso
Houston
987,000
15
Table 37"
VOLUME OF OPERATIONS IN PRINCIPAL DEPARTMENTS DURING 1924.
(Cont'd)
Mount o f item3 handled
.•
Federal reserve branch
Currency
Bills
or agency, and
received and
discounted
d i s t r i c t number
counted
2. Buffalo
$531,195,000
4. Cincinnati
Pittsburgh
5. Baltimore
6,. Birmingham
Jacksonville
Nashville
New Orleans
Havana Agency
Savannah Agency
219,768,000
1202,103,000
$3,107,000
128,348,000
338,191,000
6,398,000
2,596,000
252,407,000
107,920,000
23,367,000
10,149,000
115,000
35,918,000
Transfers
of
funds
$696,751,OOC
489,593,000
828,247,000
10,768,000 1,013,627,000
1,059,000
1,197,000
468,000
3,101,000
56,026,000
68,056,000
200,245,000
Coin
received and
counted
147,440,000
125,107,000
106,666,000
539,247,000
7 . Detroit
349,952,000
428,437,000
4,190,000 2,881,684,000
8. L i t t l e Rock
Louisville
Memphis
162,531,000
110,077,000
58,790,000
34,258,000
117,446,OX
64,020 £00
i;ooi,ooo
1,770,C0C
1,735,000
302,546,00c
574,966,000
414,834,000
7,473,000
20,579.,000
461,000
131,266,000
36,869,000
42,624,000
22,575,000
54,941,000
26,803,000
2,476,000
806,000
1,193,000
350,429,000
215,948,000
954,446,000
11. El Paso
Houston
17,577,000
19,980,000
31,620,000
335,000
4,436,000
181,194,000
1,3*3,000 1,094,058,000
12. Los Angeles
Portland
Salt lake City
Seattle
Spokane
61,494,000
64,146,000
97,3*5,000
38,796,000
33,048,000
207,577,000
46,035,000
29,198,000
6s,426,000
11,167,000
7,528,000 3,026,892,000
Total - 1924 2,064,227,000 2,468,885,000
1923 4,231,332,000 2,415,356,000
60,197,00015,953,121,000
55,633,000 13^81,545,000
9. Helena
10. Denver
Oklahoma City
Omaha
i,593,ooo
786,000
1,344,000
226,000
554,708,000
428,204,000
746,507,000
143,761,000
1G
Table> 5*
VOLUME OF OPERATIONS IN PRINCIPAL DEPARTMENTS DURING 192U.
(Cont'd)
Amount of items handled
Federal reserve
branch or agency.,
and
« district
nixriber
Checks
handled
Noncash collection items Fiscal Agency handled
Issues, redemptions
and exGovernment
A l l other changes of U.S.
coupons
securities
2« Buffalo
$2,671,266,000
$3,075,000
$89,076,ooo
$3,667,000
K
5,675*557*000
10,264,615,000
16^^23,000
21,133,000
3S,66s,000
33,637,000
37,7S^,000
70,210,000
% Baltimore
U,235,501,000
9,5291000
79*303,000
10U,000
6. Birmingham
Jacksonville
Nashville
New Orleans
Havana Agency
Savannah Agency
1,589,952,000
1,547,530,000
1,457,420,000
1,901,903,000
592,000
681,000
38,402,000
18,707,000
4,253,000
28,344,000
32,399,000
419,000
612,000
609,000
19,330,000
7. Detroit
5,654,514,000
10,976,000
93,719,000
31,229,000
S. L i t t l e Rock
Louisville
Memphis
865,302,000
2,329,900,000
706,803,000
450,000
4,930,000
1,152,000
23,622,000
40,186,000
76,3^,000
1,172,000
4,695,000
1,033,000
330,765,000
587,000
li,336,000
202,000
1,530,9^,000
15,646,000
43^9,000
36,998,000
5,843,000
1,239,494-,000
4,190,000
589,000
2,027,000
348,582,000
1,564,535,000
239,000
1,157,000
12,058,000
61,000
181,000
4,897,689,000
1,421,212,000
872,033,000
1,032,576,000
494,143,000
8,116,000
3,606,000
1,126,000
3,255,000
1,088,000
63,555,000
22,147,000
34,012,000
39,^32,000
Cincinnati
Pittsburgh
9. Helena
10. Denver
Oklahoma City
Omaha
11.
E l Paso
Houston
12. Los Angeles
Portland
Salt Lake City
Seattle
Spokane
Totai-1924
1923
2,051,598,000
54,763,840,000
53,197,150,000
706,000
64,383,000
9,629,000
1,279,000
3,621,000
12,329,000
8,636,000
842,000
10,908,000
1,799,000
99,927,000
975*ik2,ooo 221,225,000
107,13^,000 1,069,929,000 415,246,000
Table 6.
CLEARING OPERATIONS DURING 1924.
(Numbers i n thousands: amounts i n thousands o f dollars)
Items
Federal reserve
branch and
d i s t r i c t number
Banks i n
branch c i t y
Number 1 Amount
dram
Banks i n
district
branch
Number
on
own F. B.
outside
city
1 Amount
U. S. Treasurer
Number 1 Amount
2. Buffalo
2,641
1,453,370
6,776
938,411
208
32,212
4. Cincinnati
Pittsburgh
3,307
6,3**5
4,380,818
8,251,486
11,526
13,392
1,079 , ^ 7
1,445,351
854
639
105,599
65,130
5. Baltimore
3,738
2,681,989
11,093
1,038,577
694
87,196
7M6
874
914
970
675,069
l,66l,6l4
1,112,980
1,501,962
3,3^
2,985
3,239
1,911
692,465
343,666
331,082
222,787
191
llJS
184
446
22,435
15,724
17,581
53,649
7. D e t r o i t
4,590
4,585,726
9,958
951,384
526
52,566
8. L i t t l e Rock
Louisville
Memphis
642
1,535
1,079
569,5^
1,952,550
515,^30
^,230
6,039
2,421
278,606
319,271
170,034
127
455
153
14,624
43,967
17,780
309
173,35s
1,431
115,066
120
15,594
1,948
10. Denver
Oklahoma City
930
Omaha
1,453
646,348
754,507
653,769
5,068
14,602
7,807
651,576
1,118,001
472,527
333
142
415
53,372
21,690
46,829
11. £ 1 Paso
Houston
629
870
176,838
942,471
1,623
5,432
125,686
574,400
181
155
19,393
16,094
12. Los Angeles
6,675
Portland
Salt Late C i t y
826
Seattle
1,706
Spokane
857
2,716,515
1,043,926
^2,595
597,809
276,616
30,073
4,181
5,794
3,7*10
2,831
1,861,464
279,194
345,1158
300,829
l6l,684
853
285
210
383
152
154,194.
46,173
32,194
71,635
17,335
37,137,295
159,500
13,816,956
7,854
6. Birmingham
Jacksonville
Nashville
New Orleans
9. Helena
TOTAL
44,501
1,022,366
18
Table
6.
CLEARING OPERATIONS DURING 1924 (Cont'd)
Numbers i n thousands; amounts i n thousands of dollars)
Federal reserve
branch and
d i s t r i c t number
Items drawn on banks
i n other F» R. d i s t r i c t s
Number
Amount
Total items handled
Number
Amount
2. Buffalo
1,348
247,273
10,973
2,671,266
4. Cincinnati
Pittsburgh
559
1,130
.109,733
502,648
16,246
21,506
5,675,557
10,264,615
5. Baltimore
1,832
477,739
17,357
4,285,501
6* Birmingham
Jacksonville
Nashville
New Orleans
244
685
86
336
199,983
126,526
25,777
123,505
4,529
4,692
4,423
3,663
1,589,952
1,547,530
1,487,420
1,901,903
7. Detroit
247
64,838
15,321
5,654,514
8. L i t t l e Rock
Louisville
Memphis
14
139
22
2,529
14,112
3,559
5,013
8,168
3,675
865,308
2,329,900
706,803
73
26,747
1,933
330,765
10. Denver
Oklahoma City
Omaha
S6l
644
494
179,648
157,400
66,369
8,210
16,318
10,169
1,530,944
2,051,598
1,239,494
11. £1 Paso
Houston
184
187
26,665
31,570
2,617
6,644
348,582
1,564,535
12. Los Angeles
Portland
Salt Lake City
Seattle
Spokane
973
94
178
250
187
165,516
51,919
31,756
62,303
38,508
38,574
5,477
7,008
6,079
4,027
4,897,689
1,421,212
872,033
1,032,576
494,143
10,767
2,736,623
222,622
54,763,340
9. Helena
TOTAL
Table
7.
MEMBER AND NON-MEMBER BAN® I N BRANCH ZONE, JAN. 1, 1925.
(Air;ounts i n thousands o f dollars)
Federal Reserve Branch
"BUFFALO:
National banks
Other member banks
Total
Non-member' banks:
On par l i s t
Not- on par l i s t
CINCINNATI:
National banks
Other member banks
Total
Non-member banks:
On par l i s t
Not on par l i s t
PITTSBURGH:
National banks
Other member banks
Total
Non-member banks;.
On par l i s t
Not on par l i s t
BALTIMORE:
National banks
Other member banks
Total
Non-member banks:
On par l i s t
Not on par l i s t
BIRMINGHAM:
National banks
Other member banks
Total
Non-member bank's:
On par l i s t
Not on par l i s t
JACKSONVILLE:
National-banks
Other member banks
Total
Non-member banks:
On par l i s t
Not on par l i s t
Number
64
22
"IT
Total
Resources
Capital
Surplus
11,023
8,009
17,331
25,39
217,641
449.186
,827
36,330
, 7t7W
44,045
22,420
31,^38
443,104
1^3,227
586,331
56,335
13,925
70,260
6j,3l6
730
124,046
1,122,2"=
35712c
1,479,501
21,815
20,900
5,640
27,455
5.186
'26,dS6
372,313
84,287
456,600
9,515
12,920
5,302
.2,031
7,335
137,776
48,958
185,734
10,240
2,445
12,685
4,669
906
5,575
203,3^1
21,617
32,540
gu
206
15
221
306
10
31f
26
344
256
142
J i
159
266
3
72
17
S9
33
153
56
77
159
2140,264
Table
7-.
MEMBER AND NON-MEMBER BANKS I N H&ANCH ZONE, JAN. 1 , 1925.
(Cont'd)
(Amounts iij. thousands of1 dollars)
Total
Surplus
Number
Cepital
Federal Ra serve Branch
Be source s
NASHVILLE:
National hanks
88
12,455
7,132
157,3!
- — p 2
Other member banks
1
Total . . . . . . . . . . .
12,5^0
90
1577630
7,135
Non-member banks:
1%
On par l i s t
158
Not on par l i s t
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 BOCK:
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
Total . . . . . . . . . . .
Non-member banks:
On par l i s t
Not on par l i s t
MEMPHIS:
National banks
Other member banks
Total . . . . . . . . . . .
Non-member banks:
On par l i s t
Not on par l i s t
58
9
1
i
?
9,010
6,788
.11,740
20,750
7^7
14,405
1^,030.
11,808
49,480
44,340
304,067
767,
1,071,511
^.984
2,331
1,698
1.515
3,213
55,878
65,96?
121,846
8,881
.
>961
403,552
215
SB*-* 0
mzlL
Ii5
27
72
181
5*
86
7
93
11,541
fJfl
14,262
1»970
10,851
193,630
54.260
2%,940
5,335
8.460
13,795
2,53^
.507
,04l
61,699
105,01
l66,7H
339.
10
37
60
l4l
203
i
21
Table. 7-
MEMBER AlTO l'KfllWitEMBEE "BARKS- TTT^BEAlTCH ZOUE, JAN.. 1, 1Q25
(Cont'd)
(Amcrmita i n thousands of dollars)
Total
Surplus
Capital
.Number
Federal Reserve Branch
Resources
HELENA:
2,612
National banks
5,985
91
2,445
954
Other member banks
Vi
.126
3,566
8,430
Total
122,839
Non-member banks::
111
On par l i s t
Not on par l i s t
9
.DENVEE*
National banks
Other member banks
Total
Non-member banks:
On par l i s t
-Not on par l i s t
20S
9
OKLAHOMA CITY:
National banks
Other member banks
Total
..
33s
2
390
Non-member bankgs
On par l i s t
Not on par l i s t
356
2
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 member 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
l5
5
156
210
16
226
i
13,815
630
14,445
9,950
570
10,520
**
7,261
22
7,283
2$. i 220
* 100
26,320
;
;
1
280,277
18.709
298,986
410,549
913
411,462
19,745
10,501
203
10,704
291,190
6,692
297,882
3,935
41"?
4,348
1,913
72
1,985
62,185
4,931
67,116
17,793
1.738
19,531
9,344
697
10,041
276,572
17,096
293,668
19,095
826
182
42
4
46
35
5
109
33
1142
220
29
1
22
Table
MEMBEE-J!lNB-NO^
Federal Reserve Branch
10S ANGELES:
National banks
Other member banks
Total
Non-member banks:
On par l i s t
Not on par l i s t
PORTLAND:
National banks
Other member banks
Total
1..
Non-memoer 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
BRANCH ZONE, JAN. 1, 1925.
(Cont ! d)
Total
Besources
Nonfcer
Capital
Surplus
137
14
151
281713
19,000
47,713
11,874
8,453
20,337
489,351
451.592
940,943
13,220
3.730
16,950
5,724
l,66l
7,335
194,912
59.607
254,519
7,5^
4,819
12,364
3,164
2.163
5,327
110,1»55
61.755
172,210
10,600
775
11,375
4,980
235
5,215
215,267
12,196
227,1463
6,890
3.228
10,118
2,523
101,041
35,078
136,119
192
1
99
39
13?
129
32
79
57
136
101
55
9
64
76
17
64
37
101
127
7
3,571
33
Table .8.
TERRITORY ASSIGNED AS OF JANUARY 1, 1925-
Federal
Reserve
Branch
Federal
Reserve
District
Buffalo
2 - New York
The ten most westerly counties of
New York State as follows: Monroe,
•Gonesae, Orleans, Erie, Allegany,
Cattaraugus• Wyoming, Livingston,
Chautauqua, Niagara.
Cincinnati
k - Cle^land
That part of Kentucky i n Federal
Reserve District No, U, and the f o l lowing 25 cointies i n southern Ohio:
Adams, Athens, Brown, Butler, Clark,
Clermont, Clinton, Darke., Fayette,
Gallic, Greene, Hamilton, Highland,
Jackson, Lawrence, Meigst, Miami,
Montgomery, Pike, Preble, Ross.,
Sciota, Vinton, Warren, Washington.
Description of Territory
Thosa portions of the States of
Pennsylvania and West Virginia included i n Sfcderal Reserve D i s t r i c t
No. K.
Pittsburgh
Baltimore
5 - - . Richmond
The State of Maryland and the f o l lowing 30 counties of West Virginia:
Barbour,. Berkeley, Braxton, Calhoun,
Doddridge, Gilmer, Grant, Hampshire,
Hardy, Harrison, Jackson, Jefferson,
Lewis, Marion, Mineral, Monongalia,
Morgan, Nicholas, Pendleton,
Pleasants, Preston, Randolph, Ritchie,
Roane, Taylor, Tucker, Upshur, Webster, Wirt, Wood.
Birmingham
6 -Atlanta
That part of the state of Alabama
north of
A. & W. P. Railroad and
Western Hallway of Alabama between'
Atlanta and Montgomery, and west of
the L. & N« Railroad between Mcnt-'
gomery and Mobile, except towns
located on the A* and W. F. Rnilroiad
and the Western Railway of Alabama,
i n the counties of Lees and Chambers;
also the counties of Macon, Montgomery,- Lowndes, Butler, Conecuh,
Escambia, Crenshaw and Bullock, bjit
not the counties of Mobile and
Baldwin.
24
Table d .
5EERIT0HY ASSIGNED AS OF JANUARY 1 , .1925. (Cont «d)
Federal
Reserve
Branch
Federal
Reserve
District
Jacksonville
6 - Atlanta
Description of Territory
The entire State of Florida.
Nashville
That part of the State of Tennessee
included i n Federal Reserve D i s t r i c t
No. 6 with the exception of the City
of Chattanooga.
New Orleans
Those parts o f the States o f Louisiana and Mississippi located in Federal
Reserve D i s t r i c t No. 6 , and the
counties of Mobile and Baldwin i n
Alabama.
Detroit
7 - Chicago
The following 19 counties in the
State of Michigan: Bay, Genesee,
H i l l s d a l e , Suron, Ingham, Jackson,
Lapeer, Lenawee, Livingstpn; Macomb,
Monroe, Oakland, Saginaw, Sanilac,
• St. C l a i r , Shiawassee, Tuscola, Washtenaw, Wayne.
i) l *
* i .
L i t t l e Rock
8 - St. Louis
Territory i s not determined by State
or county lines. Branch t e r r i t o r y consists of a l l c i t i e s i n Arkansas except
those assigned to the Head Office and
to the Memphis Branch (For names of
c i t i e s see "Federal Reserve InterD i s t r i c t Collection System" l i s t ) .
Louisville
Territory i s not determined by State
or county lines. Branch t e r r i t o r y consists of a l l c i t i e s i n Kentucky and
Indiana, included i n Federal feserve
D i s t r i c t No. 8, except those assigned
to the Hsad Office (For nanes of c i t i e s
see "Federal Reserve I n t e r - D i s t r i c t
Collection System" l i s t ) .
Memphis.
Territory i s not determined by State
or county line 8. Branch t e r r i t o r y consists o f a l l c i t i e s i n Mississippi i n cluded i n Federal Reserve D i s t r i c t No.
8; a l l c i t i e s in. Tennessee included i n
D i s t r i c t No. 8, .except those assigned,
to St. .Louis, and c i t i e s i n Arkansas
not assigned to St. Louis or L i t t l e
Rock (For names of c i t i e s see "Federal
Reserve i n t e r - D i s t r i c t Collection
System" l i s t ) .
Table
fc/
TERRITORY ASSIGNED A3 OF JANUARY 1, 1925. (Cont'd)
Federal *
Reserve
"Branch
Fadoral
Reserve
District
Helena
9 - Minneapolis
Denver
10 - Kansas City
Description of Territory
The entire State of Montana,
The entire State of Colorado and that
part of the State of New Mexico inreluded i n Inderal Reserve D i s t r i c t
No. 10.
Oklahoma City
That part of the State of Oklahoma
located i n Federal Reserve D i s t r i c t
No. 10.
Otoaha
The entire states of Nebraska and
Wyoming.
£1 Paso
11 - Dallas
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, E l Paso, Hudspeth, J e f f Davis,
Loving, Martin, Midland, Pecos,
Presidio, 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, Arkansas, Austin,
Bastrop, Bee, Brazoria, Brazos-Brooks,
Burleson, Caldwe11, Calhoun, Cameron t
Chambers, Cherokee, Colorado, DeWitt,
l a y e t t e , * b r t Bond, Galveston, Goliad,
Gonzalesi Grimes, Hardin, Harris,
Hidalgo, Houston, Jackson, Jasper,
Jefferson, Jim Yifelis, Karnes, Kennedy,
ELob.erg, Lavaca, Lee, Liberty, Live Oak,
Madison, Matagorda, Montgomery,
Nacogdoches, Newfcon, Nu3ces, Orange,
Polk, Refugio, San Jacinto, San Patr i c i o , Star, T r i n i t y , Tyler, V i c t o r i a ,
Walker, Waller, Washington, Tharton,
Willacy*
Houston
Los Angeles
"
12 - San Franc isao
That part of the State of Arizona
located in Federal Reserve D i s t r i c t
No# 12, and the following countiea i n
California: Imperial, Inyo, Los Angeles
Orange, Riverside, San Bernardino, San
Diego, Ssnta Barbara, Ventura.
26
Table
g
Federal
Reserve
Branch
Portland
TERRITORY ASSIGNED AS OF JANUARY 1, 1925 (Cont'd)
Federal
Reserve
District
12- San Francisco
Description o f T e r r i t o r y
The entire State of Oregon, except the towns of Klamath F a l l s ,
Lake view and M e r r i l l which are
a f f i l i a t e d with the Head O f f i c e ,
and the following f i v e counties i n
the State of Washington5 Clarke,
Cowlitz, K l i c k i t a t , Skamania,
Wahid.si-urn, and the town of Ilwaco,
Washington f
Sale lake City
The e n t i r e State of Utah and the
following counties i n Idaho and
Nevada* Idaho - Ada, Adams, Bannock, Bsar 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 F a l l s , Valley,
Washington. Nevada - Clark, Elko,
Lincoln* White Pine.
Seattle
The following 16 counties i n the
State o f 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, except the town of Ilwaco, Washington*
Spokane
The following counties i n the
States o f Washington and Idaho:
Washington - Adams, Asotin, Benton*,
Chelan, CQlumbia, Douglas, Ferry,
Franklin, Garfield, Grant, Lincoln,
Okanogan, Pend O r e i l l e , Spokane,
Stevens, Walla Walla, Whitman,
Yakima* Idaho - Benewah, Bonner,
Boundary, Clearwater, Idaho,
Kootenai, Latah, Lewis, NezPerce*
Shoshone.
Table 9 - OFFICERS, MAY 1, 1925(List does not include Assistant Federal Reserve Agents
and Assistant Auditors, i f any)
Federal reserve
branch or agency
Title
and d i s t r i c t number
1. Havana Agency
2. Buffalo
Cincinnati
k. Pittsburgh
5. Baltimore
6. Birmingham
Horace E. Snow
Manager
W.
H.
C.
E.
Schneckeriburger
Snow, Jr.
Blakeslee
Theobald
Managing Director
Cashier
Assistant Cashier
Manning
Lazar
H. Brewster
Ott
Managing Director
Cashier
Assistant Cashier
W,
W.
L«
L.
L. W.
B« J*
J.P.
H. N.
Geo. DeCanp
T« C. Griggs
P. A. Brown
F, E. Cobun
Managing Director
Cashier
Assistant Cashier
A,
E.
Tm
M.
Managing Director
Cashier
Assistant Cashier
ii
ii
H.
G.
I.
F*
Dudley
Grady
Hays
Reese
A. E. Walker.;
H. JV Urquhart
T* N« Khowlton
Managing Director
Cashier
Assistant Cashier
G. R. DeSaussure
S. McLarin, J r .
.George J» White
Mfcnag ing' Di r sc t or
Cashier
Assistant Cashier
6 . Nashville
J. B« Fort, Jr.
E. C. Hugginsf Jr«
Leo Starr
Managing Director
Cashier
Assistant Cashier
6. New Orleans
Marcus Walker
J. A, Walker
W. H. Black.
F* C. Vasterling
Managing Director
Cashier
Assistant Manager
Assistant Cashier
6* Jacksonville
Table 9 - OFFICERS, MAY 1, 1925 (Cont'd)
(List does not include Assistant Federal Reserve Agents
and Assistrint Auditors, i f any)
Federal reserve
branch or agency
Title
Name of o f f i c e r
and d i s t r i c t number
6 . Havana Agency
L. L. Magruder
H. C. Frazer-
Manager
Assistant Manager
6. Savannah Agency
E. N. Groover
D. E« Avery
Manager
Assistant Manager
7- Detroit
Ufa. • E. Cation
Managing Director
ttJtAJL. /^7Cashier
-3L J* Glial rent ^ ^ / d ^ - ^ s s i s t a n t .Cashier
8. L i t t l e Eock
A, F# Bailey
M. H* Lcng
F. A* Coe
Managing Director
Cashier
Assistant Cashier
S. Louisville
W. P« Kincheloe
John T. Moore
Earl R; Muir
Managing Director
Cashier
Assistant Cashier
8 . Mezzphis
V. S. Jftiqua
Managing Director
Cashier
Assistant Cashier
S.
Belcher
C« E. Martin
9» Helena
R.
H.
R.
Iff.
E.
F.
E#
A#
Tortile
Brown
Schomacher
Cutler, J r .
Managing Director
Cashier
Assistant Cashier
10. Denver
J . E« Olson
A. J. Conway
John A. Cronan
Managing Director
Cashier
Assistant Cashier
10, Oklahoira City
C; E* -Daniel
R. 0. Wunderlich
R. L. Mathes
Managing Director
Cashier
Assistant Cashier
10. Omaha
L. H. Earhart
G. A, Gre^oxy
V?. D. Lower
tfm. P h i l l i p s
Managing Director
Cashier
Assistant Cashier
it
ti
Table 9 - OFFICERS, MAY 1, 1925 (Cont'd)
(List does not include Assistant Federal Reserve Agents
and Assistant Auditors, i f any)
Federal reserve
branch and
d i s t r i c t number
Name of officer
Title
11* EL Paso
D« P» Roordan
M. Crump
Allen Series
Managing Director
Cashier
Assistant Cashier
11 • Houst on
Fred Harris
L# G. Pondrem
H. R. DeMcss
Managing Director
Cashier
Assistant Cashier
12. Los Angeles
C.
G*
A.
L.
Shepherd
Schmidt
Dumm
M^yer
Managing Director
Assistant Manager
Assistant Cashier
ii
ti
12. Portland
Frederick Greenwood
R. B. West
J. P. Blanchard
Managing Director
Assistant Manager
Assistant {Sassier
12- Salt Lake City
R. B* Motherwell
H. M. Craft
J. M« Loisner
Managing Director
Assistant Manager
Assistant Cashier
12.. Seattle
C. R. Shaw
3. A. .Russell
Managing Director
Assistant Cashier
12* Spokane
W. L. Partner
D. L. Davis
Evan Bjr^
Managing Director
Assistant Manager
Assistant Cashier
J•
H.
J.
C-
Table 10 - DIRECTORS, MAY 1, 1925 (Cont'd)
Term expires
Name
BUFFALO
W. W. Schneckenburger
John A, Kloepfer, Chrm. *
Harry T. Hamsdell
Woloott J, Humphrey
Carlton M. Smith*
E l l i o t t C. McDougal
Arthur Hough*
Besidance
-Business a f f i l i a t i o n
December
Buffalo, N. Y.
Buffalo, N. Y.
Buffalo, N. Y.
Warsaw, N. Y.
Buffalo, N. Y.
B u f f a l o , N, Y.
Batavia, N. Y.
Managing Director
Pres., Liberty Bank
P r e s . , Mfrs. & Trad. Nat, Bank
Pres. , Wyoming Co, Nat. Bank
Pres., Smith, Fasset & Co.
Pres., Marine Trust Co.
Pres., Wiard Plow Co.
1925
1925
1925
1926
1926*
1927
1927
Managing Director
Attorney, Harmon, Colston,
Goldsmith and Hbadly
Pres., F i r s t National Bank
P r e s . , Citz. Nat. Bank & Tr. Co.
P r e s . , U. S. Playing Card Co.
Pres. , Fourth & Central Tr. Co.
Chrm., itaerican Boiling M i l l Co,
1925
CINCINNATI
L. W. Manning
Cincinnati, 0.
Hon.Judson Harmon,Chrm* Cincinnati, 0.
E. S. Lee
Chas. W, DuPuis
John Oiavake*
A. C l i f f o r d Shinkle
George M. V e r i t y *
Covington, Ky.
Cincinnati, 0.
Cincinnati, 0.
Cincinnati, 0.
Middletowri, 0.
1925
1925
1926
1926
1927
1927
PITTSBURGH
George DeCamp
Pittsburgh, Pa. Managing Director
1925
Chas. W. Brown, Chrm.* Pittsburgh, pa. P r e s . , Pittsburgh Plate Glass Go. 1925
Chas. D. Armstrong
Pittsburgh, Pa. Chrm., Union National Barik
1925
Joseph R. Eisaman
;Greensburg, Pa. V - P . , F i r s t National Bank
1926
James D. Callery*
Pittsburgh, Pa. V - F , , Philadelphia Co.(Pittsburgh)l926
R. B. Ms l i o n
Pittsburgh, Pa. P r e s . , Mellon National Bank
1927
Joseph R. Naylor*
Wheeling, VT.Va. John S. Naylor & Company
1927
BALTIMORE
Albert H. Dudley
Wm. H. Matthai, Chrm.*
Levi B< P h i l l i p s
Carter G. Osburn
Edmund P. C o h i l l *
Henry B. Wilcox
John G. Bouse*
Baltimore, Md.
Baltimore, Md.
Cambridge, Md.
Baltimore, Md.
Hancock, Md.
Baltimore, Md,
Baltimore, Md.
Managing Director
1925
V-F. ,Nat. Enameling & Stamping Co. 1925
Pres., National Bank of Cambridge 1925
P r e s . , Farmers & Mer; Nat.^Bank 192b
Pres.&Treaa ,Tbnoloway Orchard C0.1926
V. Chrm, , Merchants National Bk. 1927
P r e s . , Rouse, Hemp stone & Co.
1§27
Birmingham, Ala.
Birmingham ,Ala.
Birmingham ,Ala.
Birmingham, Ala.
Birmingham, A1 a.
Bi rmingham, Ala.
Montgomery, Ala.
Managing Director
1925
Southern Bepr., Crane Company
1925
P r e s . , Traders National Bank
1925
P r e s . , American Tr. & Svgs. Bk. 1926
Pres. , F i r s t National Bank
1926
Pres.', Birmingham Tr. & Svgs, Co. 1927
Real Estate and Insurance
1927
BIRMINGHAM
A. E. Walker
W„ H. E s t t i g , Chrm,*
John H. Frye
W, W, Crawford
Oscar Wells*
T. 0. Smith
John P. Kbhn*
•Appointed by the Fsderal Reserve Board.
Table 10
-
DIRECTORS, MAY 1, 1925 (Cont'd)
Residence
Name
Business a f f i l i a t i o n
Term ejqpire
December 51
JACKSONVILLE
George R. DeSaus sure
J. C. Cooper, Chrm. *
G. G. Ware
Edward W. Lane
Fhlton Saussy*
C. P. Kendall
L. C. Edwards*
.Jacksonville ,Fla.
Jacksonville ,Fla.
Leesburg, Fla.
Jacksonville f Fla,
Jacksonville ,Fla.
J acksonville, FLa.
Tampa, F l a .
Managing Director
Attoniey-at-Law
F r e s . , F i r s t National Bank
P r e s . , Atlantic National Bank
.Saussy & Common
V-F„ , B&rnett National Bank
Pres., Florida Citrus Exchange
Nashville, Tern.
Nashville, Tenn.
Winchester, Tenn.
Nashville, Tenn.
Nashville, Tenn.
Nashville, Tenn,
Mt. Pleasant,Tern.
Managing Director
P r e s . t Hartford Hosiery M i l l s
Pres*., Farmers National Bank
P r e s . , Tenn.Hermitage Nat. Bank
V-P. , American National Bank
Pres. ,*tth & 1st Bank & Trust Co.
Fanner
1925
1925
1925
1926
1926
1927
1927
La.
La.
La.
Miss.
La.
La.
Managing Director
V - P . , Newman,Saunders & Co. *,Inc.
1
Pres. , Canal Com ! Tr.& Svgs. Bk.
Pres. , F i r s t National Bank
Pres. , Kohn, Weil & Simon, Inc*
Pres. , Eibernia Bank & Trust Co.
Pres. f T. G. Bush Grocery Co#
1925
1925
1925
192b
1926
1927
1927
1925
1925
1925
1926
1926
1927
1927
NASHVILLE
Joel B. F o r t , J r .
W. H. Hartford, Chrm.*
T. A. Eoabry
E. A. Lindsey
P. M. Davis*
J. E. Caldwell
Ufa. P. Ridley*
NEW ORLEANS
Marcus Walker
P* H. Saunders, Chrm.*
J. P* B u t l e r , J r .
F. W. Foote
L. C. Simon*
R. S. Hecht
Albert P. Bush*
New Orleans,
New Orleans,
New Orleans,
Hattiesburg,
New Orleans,
New Orleans,
Mobile, A l a .
DETROIT
Wm. R. Cation
D e t r o i t , Mich.
Chas. H.-Hodges, Chrm4 • D e t r o i t , Mich.
Julius H. Haass
D e t r o i t , Mich.
John W. Staley
D e t r o i t , Mich.
N„ P. H u l l *
Lansing, Mich.
George B. Morley
Saginaw, Mich.
Harry H» Bassett*
F l i n t , Mich.
Managing Director
1925
P r e s . , Dstroit Lubricator Co.
192£
Pres. , 'Wayne Co. 4 Home Svgs. Bk.1925
P r e s . , Peoples State Bank
1926
P r e s . , Grange Life Insurance Co. 1926
P r e s . , Second National Bank
1927
P r e s . , Buick Motor Company
1927
LITTLE ROCK
A. F. Bailey
L i t t l e Rock, Ark.
Moorhead Wright, Chnn.*Littie Rock, Ark.
J* E. England, J r .
L i t t l e Rock, Ark.
Stuart Wilson
Texarkana, Ark.
C. S. McCain*
L i t t l e Rock, Ark*
L i t t l e Rock, Ark.
John M. Davis
Hamp Williams*
Hot Springs, Ark.
Managing Director
1925
P r e s . , Union Trust Company
1925
P r e s . , England National Bank
1925
V-P. , State National Bank
192b
P r e s . , Bankers Trust Company
1926
P r e s . , Exchange National Bank
1927
P r e s . , Hamp Williams Hardware C0.1927
•Appointed by the Fsderal Reserve Board.
33
Table 10 -
DIRECTORS, MAY 1,1925 (Cont'd)
Term expires
LOUISVILLE
W. P. Kincheloe
L o u i s v i l l e , Ky.
E. L. Swear ingen,Chn».*Louisville, K^r.
A t t i l i a Cox
L o u i s v i l l e , K^.
Eugene E. Hoge
Frankfort, Ky.
William Black*
L o u i s v i l l e , Ky.
Max B. Nahm
Bowling Green,Ky.
E. H. Wood*
Lucas, Ky.
Managing,Director
Pres., F i r s t Ifotional Bank
Attorney
P r e s . , State National Bank
P r e s . , B. F. Avery & Sons, Inc.
V - P . , Citizens National Bank
Farmer and Livestock Grower
1925
1925.
1925
1§26
1926
1927
1927
Memphis, Tenn.
Memphis, Tern.
Jackson, Tenn.
Memphis, Tenn.
Memphis, Tenn.
Memphis, Tenn.
Helena, Ark.
Managing Director
Attorney
P r e s . , F i r s t National Bank
Pres., F i d e l i t y Bank & Trust Co.
P r e s . , Central-State Nat. Bank
V - P . , Bank o f Commerce & Trust Co.
Planter and Real Estate.
1925
1925
1925
1926
1926
1927
1927
Helena , Mont.
B i l l i n g s , Mont.
Great Palls,Mont.
Helena, Mont.
Butte, Mont.
Helena, Mont.
Helena, Mont.
Managing Director
P r e s . , Billiiigs Investment Co.
P r e s . , Great Shi I s National Bank
Director,Jtiion .Bank ^nd Irtish Co.
Hanson Packing Company
P r e s . , National Bank of Montana
P r e s . , Sieben Livestock Co.
1925
192$
1925
192q
1926
1927
1927
Denver, Colo.
Denver, Colo.
Greeley, Colo.
Denver, Colo*
Denver, Colo.
Denver, Colo.
Denver, Colo.
Managing Director
Matador Land A Cattle Co. , Ltd.
V - P . , Farr Produce Conrpany
V-P.'j United States Nat. Bank
Merchant, Wholesale Drug Business
V - P . , F i r s t National Bank
P r e s . , Great Western Sugar Co.
1925
1925
1925
1926
1926
1927
1927
MEMPHIS
V. S. Fkqua
T. K. Eiddick, Chrm.*
J. W. Vanden
John D. McDowell
S. E. Ragland*
H. Brinkley Snowden
E. M. Allen*
HELENA
R. E. Towle
H. W. Rowley, Chrm.*
Lee M. Ford
R. 0. Eaufinan
0* J.
felly*
T. A. Mar low
Henry Sieben*
DENVER
J. E. Olson
Murdo MacKenzie,Chrm.*
Harry Iferr
A. 0. Faster
R. H. Davis*
C. C. Parks
Wm. L. Petriken*
OKLAHOMA CITY
C. E. Daniel
Oklahoma City
E. K. Thunnond, Chrm.* Oklahoma C i t y
Ned Holman
Guthrie, Okla.
Walter Bbrguson
Oklahoma City
Frank Buttram*
Oklahoma City
William Mee
Oklahoma C i t y
W. A. Stuart*
Okmulgee, Okla.
Managing Director
1925
Banker
1925
P r e s . , F i r s t National Bank
1925
V-P. , F i r s t National Bank
192b
V - P . , Liberty National Bank
1926
P r e s . , Security National Bank
1927
P r e s , , F u l l e r t o n - S t u a r i v Lumber Co. 1927
•Appointed by the Federal Reserve Board.
33
Table
10 -
DIRECTORS, MAY 1, 1925
(Cont'd)
Term expire
OMAHA
L#
W.
A..
T.
J.
R.
A.
H.
J.
H.
L.
E.
0.
J.
Earhart
Coad, Chrm.*
Marble
Davis
Miller*
Marnell
Weaver*
Ctaaha, Nebr.
Managing Director
ftnaha, Nebr.
Pres., Packers National Bank
Cheyenne, Wyo.
Pres», Stock Growers Nat. Bank
Omaha, Nebr.
V-P. ,. F i r s t National Bank
Lincoln, Nebr.
M i l l e r & Paine Department Stores
Ifebraska City
Cashier, Merchants Nat. Bank
Falls City, Nebr.V-P., F i r s t National Bank
1925
1925
1925
192b
1926
1927
1927
EL PASO
Dwight P. Reordan
W. W. Turney, Chrm.*
E. M. Hard
E. A. Cahoon
A. P. Coles*
George D. Flory
H. L. Eokernot*
E l Paso, Texas
E l Paso, Texas
El Paso, Texas
Roswell, N. M.
E l Paso, Texas
El Paso, Texas
Alpine, Texas
Managing Director
Attorney-at-Law
The H. Lesinsky Company
Pres.,. F i r s t National Bank
Investments
V - P . T h e State National Bank
Cattleman
1925
1925
1925
1926
1926
1927
I927
HOUSTON
Fred Harris
Houston, Texas
Managing Director
R. M. Farrar, Chrm.* Houston, Texas
Pres., I&rrar Lumber Co*
Guy M.* Bryan
-Houston, Texas
V-P.', Second National Bank
E. F. Gossett
Houston, Texas
V-P., South Texas Com. Nat. Bank
J. Cooke Wilson*
Beaumont, Texas Pres., The Wilson Broach Co.
Fred W. C a t t e r a l l
Galveston, Tex. Cash., F i r s t Nat. Bk. o f Galveston
E. A. Peden*
Houston, Texas
Pres., Peden Iron 4 Steel Co.
1925
1925
1925
1926
1926
1927
1927
LOS ANGELES
C. J.
Isaac
Henry
J. F.
W* L.
F. J.
E. M.
Shepherd
Los Angeles
B. Newton,Chrn.*Los Angeles
M. Robinson
Los Angeles
Sartori
Los Angeles
Valentine*
Fullerton, Cal.
Belcher, Jr.
San Diego, Cal.
Iflron*
Red lands, Cal.
Managing Director
Retired
Presv', F i r s t National Bank
Pres. , Security Trust & Svgs. Bk.
Pres.,. Fuller ton O i l Co.
Pres., F i r s t National Bank
Horticulturist
1925
1925
1925
192b
1926
1927
1927
Managing Director
Teal, Winffcee,Johnson & McCullock
Pres., Ladd & Tilton Bank .
Pres.. United States Nat. Bank
Gen.w Mgfc*, Fleischner, Mayer & Co.
P r e s . , F i r s t National Bank
w
Baker Loan & Trust Co.
Gen. Mgr., Booth-Eelly Lumber Co.
1925
1925
1925
1926
1926
FORTLAND
Frederick Greenwood
Jos. N. T£al,.Chra**
Edward Cookingham
J. C. Ainsworth
Nathan Strauss*
William Pollman
Portland, Ore.
Portland, Ore.
Portland, Ore.
Portland, Ore.
Portland, Ore.
Baker., Ore.
A. C. Dixon*
Eugene, .Ore.
•Appointed by the Federal Reserve Board.
1927
1927
Table
10
-
DIRECTORS, MAY 1, 1925
(Cont'd)
Term expires
SALT LAKE CITY
R. B. Motherwell
G. G. Wright, Chrm.*
L. H. Farnsworth
Charles H. Barton
Lafayette Hanchett*
J. S. Bussell
Chapin A. Day*
Salt Lake City
Salt Lake City
Managing Director
Gen. Mgr., Consolidated Wagon &
Machine Company
Salt Lake C i t y Chrm,, Walker Brothers, Bankers
Ogden, Utah
Pres., National Bank of Commerce
Salt Lake City Pres., Utah Power & Light Co.
Pocatello, Ida. P r e s . , Citizens Bank & Trust'Co.
Ogden, Utah
Pres., Ogden Portland Cement Co.
1925
1925
1925
1926
1926
1927
1927
Seattle, Wash. Managing Director
S e a t t l e , Wash. Chm., Puget Sound Navigation Co,
Seattle, Wash. P r e s . , National Bank of Comnerce
S e a t t l e , Wash. Pres., F i r s t National Bank
S e a t t l e , Wash. Pres., K e l l y Clarke Company
Bellingham,Wash.Pres., F i r s t National Barik
Mt.Vernon,Wash. Fanner
1925
1925
1925
192b
1926
1927
1927
SEATTLE
C. R. Shaw
Chas. E. Peabody,Chrm*
M. F. Backus
M. A. Arnold
Chas. H. Clarke*
E. W. Purdy
Charles E. Gaches*
»
SPOKANE
W. L. Partner
Spokane, Wash.
Peter McGregor, Chrm.* Hooper, Wash.
R. L. Rutter
Spokane, Wash.
C. E. McBroom
Spokane, Wash.
G. I . Toejrs*
Spokane, Wash.
Charles L. McKenzie
Colfax, Wash,
E. H. Van 0 strand*
. Coeur d'Alene,
Idaho
Managing Director
Pres.,McGregor Land & Livestock Co.
P r e s . , Spokane & Eastern Tr. Co.
P r e s . , Exchange National Bank
V - P . , Centennial M i l l Company
Retired
P r e s . , Craig Mountain Lumber Co.,
Winchester, Idaho.
•appointed by the Federal Reserve Board.
1925
1925
1925
192b
1926
1927
1927
@FedFRASER