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BRANCHES AND AGENCIES
O
F

FEDERAL RESERVE BANKS

FEDERAL RESERVE BOARD
W S I GO
A HN T N
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 10
•rl C

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

1
G B0DP

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)
GROUP 2
Oklahoma City

Nashville

X X X X X

ii

Bimingliam
Jacksonville

X X

X

Los Angeles
Portland
Salt Lake City
Seattle
Sookane •

Memphis

£

Little Rock
Louisville

r-f
U
O

Detroit

s
©

Helena

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

C
O

F U N C T I O N

1

El Paso
Houston

SHOffP

DenverOmaha

-

|

Table 1

x x

*H C
D
a s*H
«
H
O iu

«

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

3
C

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 )

5
H
ia_

2
1
•P

+»

U •H
o O
£ U
•P
•3T
* A.

M
15 <
D
& rH TO
•H
© 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
C o
O
g
G + %'rH j j S
J >
-P
P* W
•P -P
C U rH R
O
j
o o a <
J D
M
C C Cfl
U O
I

11

JL

X

X

X X

^

>
5
•H
•H ( o
D
> rH
G rH
cf
t
a
O -H
C > Q
O
-a-a
c rt
o
J2-S<
D

«
H
o
a
>

- p

•a
A
•s
•p

13

X X X

X X

X

X

X X

X X

X X X X X

X

X X

X

X

X

X

X

X X X X X

XXX

-p

Q fH

X

XX

XX

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 11
x

• 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
AS S
pf O -H
1 * * I
rH
Coot
•H < sfl
0
C h5I
Q
?

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

Membership i n the local clearing house
association i s complimentary

XXX

X X XX X X X

XXX

X

X
X

X

(i)

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 XX X X X

r

X

fx

X X

X X

X

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 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

New Orleans

X X

Baltimore

X X

X

X

0 c
d

X X

0 fl
« 0>
flj 4
r{
rH 0
ww

xxx

X

Cincinnati
Pittsburgh
X

Helena

•p
•rl

X

±




G
SOUP 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

0

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

JL
E

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
Estimated
cost o f
construction

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

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
Original cost
K

Cincinnati

5# Baltimore

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,

1,670

-

^,513
5,290

39
1U6
9

-

28
15
1,930

HS,053

^,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

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




Transfers
of
funds

9,446

13,625

39,454,000

15.Hl7.000

12,000

29,495,000
53.5S1.000

4. Cincinnati
Pittsburgh
5« Baltimore

Coin
received and
counted

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

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

4. Cincinnati
Pittsburgh
5. Baltimore

Coin
received and
counted

6,398,000
2,596,000

252,407,000

$696,751,OOC
489,593,000
828,247,000

10,768,000 1,013,627,000

107,920,000

1,059,000
1,197,000
468,000
3,101,000

23,367,000
10,149,000

147,440,000

115,000

56,026,000

68,056,000
35,918,000
200,245,000

Transfers
of
funds

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




1
i9
?

9,010

7^7
14,405

1^,030.

11,808

49,480

58

6,788

.11,740
20,750

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, M Y 1, 1925A
(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.
T
m
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, M Y 1, 1925 (Cont'd)
A
(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

Besidance

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*

-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

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