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FEDERAL RESERVE BANK
OF NEW YORK
Circular No. 367 April 27,1921

Statistics Department

State Banks and Trust Companies
Members of Federal Reserve System
in the Second Federal Reserve District
March 31, 1921

To all Banks and Trust Companies in the
Second Federal Reserve District:
A revised list of State banks and trust companies which are
members of the Federal Reserve System in this Federal Reserve
District is sent to you herewith. The location of each of these
members, the year in which it completed membership and the
amount of its capital and surplus and of its gross resources, accompany
each name respectively in the list.
The table on page 7 shows that 136, or 34 per cent., of the 405
State banks and trust companies in this district which are eligible
for membership, are now members of the Federal Reserve System.
The resources of these State institution members are approximately
79 per cent, of the resources of all eligible State banks and trust
companies in the district. The resources of all members, including
652 National banks, are approximately 90 per cent, of the total
bank resources of the district.
The list is sent to you for your information and will be revised
from time to time as occasion requires.




"I

^Superseding Circular No. 260 of March 9,1920 J

Very truly yours,
BENJ. STRONG,

Governor.




.

State Banks and Trust Companies in the Second Federal Reserve District
Which are Members of the Federal Reserve System
Close of business March 31, 1921
N E W
Town

Y O R K

Completed Capital and
Membership Surplus

Bank or Trust Company

Adams
Albion
Amityville
Amsterdam
Batavia
Belmont
Binghamton
Blasdell
Brooklyn

B a n k of Genesee
.
.
S t a t e B a n k of Belmont .
Peoples T r u s t C o m p a n y .
B a n k of Blasdell
.
.
B a n k of Coney Island
Brooklyn T r u s t C o m p a n y
Manufacturers T r u s t C o m p a n y
Mechanics B a n k
.
.
North Side B a n k
.
.

1919
1920
1918
1918

Citizens T r u s t C o m p a n y
Orleans Co. T r u s t C o m p a n y .
B a n k of Amityville
M o n t g o m e r y Co. T r u s t C o m p a n y

Buffalo

.

.

.

.

.
.

.
.

Peoples Trust Company .
Buffalo Trust Company .
Citizens Trust Company
Fidelity Trust Company

$

225,000
150,000
75,000
300,000

Gross
Resources

$

1,649,620
775,932
704,595
3,543,130

1917
1920
1918
1920
1920
1917
1917
1919
1920
1917
1917
1917
1919
1919
1920
1919

225,000
100,000
600,000
40,500
300,000
4,125,950
3,500,000
2,400,000
350,000
3,000,000
2,375,000
2,500,000
2,000,000
2,500,000
17,000,000
1,600,000

1,643,883
546,622
5,677,212
183,933
3,493,646
45,166,473
36,175,467
40,253,410
8,263,471
39,537,300
17,347,554
26,700,540
22,204,036
37,251,715
133,705,446
19,108,926

Liberty Bank
.
Marine Trust Company .
P e o p l e s B a n k of B u f f a l o .

.

.

.

Canisteo
Cape Vincent
Chatham

First State Bank
.
Citizens B a n k
.
S t a t e B a n k of C h a t h a m .

.
.

.
.

.
.

1918
1919
1918

76,000
60,000
100,000

654,031
306,469
1,797,910

Depew
Dunkirk

B a n k of D e p e w
.
Dunkirk Trust Company

.

.

.

1921
1920

69,000
375,000

642,908
1,259,778

East Aurora
Elmira
Endicott

B a n k of E a s t A u r o r a
Erie County Trust Company .
Chemung Canal Trust Company
State Bank
.
.
.
.

1919
1918
1917
1919

125,000
137,500
1,000,000
60,000

1,813,694
1,579,044
10,010,594
1,569,635

Floral Park
Fredonia

Floral P a r k B a n k
.
Citizens T r u s t C o m p a n y

1918
1921

100,000
180,000

1,322,522
1,542,096

Geneva
Gloversville

Geneva Trust Company .
T r u s t C o . of F u l t o n C o u n t y

.

1919
1918

475,000
400,000

4,009,147
1,343,697

Hamburg
Hammondsport
Hicksville

Peoples B a n k
.
.
T h e B a n k of H a m m o n d s p o r t
B a n k of H i c k s v i l l e
.
.

.

1920
1918
1918

60,000
100,000
125,000

1,646,118
1,386,724
1,693,597




.

.

.

.
•

.

.

.

.

N E W

Y O

R

K

—

Completed Capital and
Membership Surplus

Bank or Trust Company

Town

Continued
Gross
Resources

1918

300,000

3,669,391

Workers Trust Company

1918

150,000

3,452,015

Katonah
Kingston

Northern Westchester Bank
Kingston Trust Company

1919
1919

75,000
325,000

496,744
2,087,404

Lackawanna
Little Falls
Lowville

American Bank
.
.
.
Herkimer County Trust Company
Lewis County Trust Company

1920
1918
1920

125,000
700,000
150,000

779,574
4,974,594
1,008,306

Malone
Millbrook
Mineola

Peoples Trust Company .
Bank of Millbrook
.
.
.
Nassau County Trust Company

1920
1918
1918

400,000
100,000
175,000

3,084,088
815,286
2,772,097

New York

Bankers Trust Company
Bank of America
.
.
.
Bank of the Manhattan Company
Bank of United States
Central Union Trust Company
Columbia Bank
.
.
.
Columbia Trust Company
Commercial Exchange Bank
Commonwealth Bank
Continental Bank
.
.
.
Corn Exchange Bank
Equitable Trust Company
Farmers Loan & Trust Company
Fidelity International Trust Co.

1917
1917
1917
1919
1917
1918
1917
1918
1917
1917
1916
1917
1918
1917
1918
1918
1917
1920
1921
1918
1917
1917
1917
1918
1918
1917
1917
1917
1917
1917
1918
1918
1918

31,250,000
11,000,000
17,500,000
1,800,000
27,500,000
3,000,000
11,000,000
1,400,000
1,000,000
1,500,000
13,500,000
26,500,000
15,000,000
2,750,000
2,500,000
750,000
50,000,000
1,500,000
10,000,000
2,850,000
1,500,000
4,000,000
5,000,000
700,000
1,200,000
13,000,000
2,500,000
6,000,000
14,000,000
1,300,000
700,000
950,000
125,000

385,698,468
96,980,536
230,965,811
34,666,587
244,674,634
31,947,879
115,727,725
11,170,780
12,126,773
15,099,803
211,045,064
259,399,114
158,031,850
25,019,594
26,082,491
9,257,626
627,999,104
6,883,898
119,544,027
29,765,125
19,475,038
50,022,852
38,394,948
14,420,954
9,747,972
92,489,442
32,364,755
81,160,725
63,584,073
6,371,753
17,582,307
10,358,363
2,178,399

Ithaca

Ithaca Trust Company

Johnson City

Niagara Falls
Nyack

.

.
.

.

.

.

.

Fifth A v e n u e B a n k of N . Y . .
Fulton Trust Company .
Guaranty Trust Company
Industrial Bank
.
.
.
.
Liberty Bank
.
.
.
.
Lincoln T r u s t C o m p a n y .
Mercantile Trust Company
Metropolitan Bank
Metropolitan Trust Company .
Mutual Bank
.
.
.
.
New Netherland Bank
.
New York Trust Company
Pacific B a n k
.
.
.
.
.
.
U n i t e d S t a t e s M o r t g a g e & T r u s t Co.
United States Trust Company
W . R . G r a c e & Co.'s B a n k
Yorkville B a n k
.
.
.
.
Power City Bank
.
.
.
.
Rockland County Trust Company .




N E W

Town

Y O R K

Continued

Completed Capital and
Membership Surplus

Bank or Trust Company

Gross
Resources

Ogdensburg
Olean
Oneida
Orchard Park

St. Lawrence Trust Company .
Olean Trust Company
Madison County Trust & Dep. Co. .
Bank of Orchard Park

1917
1919
1917
1919

125,000
120,000
320,000
36,000

1,136,989
1,409,958
3,572,612
620,338

Perry
Port Chester

Citizens Bank
.
.
.
.
Mutual Trust Co. of Westchester Co.

1918
1918

90,000
375,000

1,215,301
3,194,781

Rochester
Rome

Lincoln Alliance Bank
Rome Trust Company

1920
1917

4,000,000
360,000

37,950,836
3,937,093

Schenectady
Stony Brook
Syracuse

Schenectady Trust Company .
Bank of Suffolk County .
City Bank Trust Company
First Trust & Deposit Company
Syracuse Trust Company

1918
1918
1917
1918
1918

362,500
40,000
2,971,277
3,500,000
2,250,000

9,842,148
424,602
21,573,204
40,726,024
28,404,670

Utica

Citizens Trust Company
Oneida County Trust Company
Utica Trust & Deposit Company

1917
1917
1917

1,000,000
500,000
1,300,000

16,685,524
2,891,251
13,459,954

Warsaw
Watertown
Westbury
White Plains

Trust Company of Wyoming County.
Northern New York Trust Co.
Bank of Westbury
.
.
.
.
The County Trust Company .

1918
1917
1918
1918

120,000
800,000
41,566
200,000

833,827
8,440,231
591,778
4,853,062

Total for New York

N E W

$351,095,293 $3,791,653,027

.

J E R S E Y

Asbury Park

Seacoast Trust Company

1918

175,000

2,747,013

Bayonne
Bloomfield
Bogota
Boonton

Bayonne Trust Company
Bloomfield Trust Company
Bank of Bogota
.
.
Farmers & Merchants Bank

1918
1918
1920
1918

350,000
300,000
60,000
100,000

6,039,503
3,962,604
492,123
927,735

Cranford

Cranford Trust Company

1918

120,000

1,856,135

East Orange
Elizabeth

East Orange Bank
.
.
.
Savings Investment & Trust Co.
Elizabethport Banking Company

1919
1918
1919

180,000
800,000
350,000

2,227,828
9,542,036
5,160,105

Franklin

Sussex County Trust Company

1919

120,000

750,956

Glen Ridge

Glen Ridge Trust Company

1918

120,000

1,251,056




.

.

.

N E W
Town

J E R S E Y —

Continued
Completed Capital and
Membership
Surplus

Bank or Trust Company

Gross
Resources

Hackensack
Peoples Trust & Guaranty Co.
Hasbrouck Hgts Bank of Hasbrouck Heights
Hoboken
Hudson Trust Company .
Jefferson Trust Company

1918
1920
1918
1918

800,000
60,000
2,000,000
439,330

8,112,134
304,727
27,020,473
5,403,391

Jersey City

Commercial Trust Co. of N. J.
N. J. Title Guarantee & Trust Co.

1918
1918

2,500,000
2,000,000

37,857,008
19,962,907

Montclair

Bank of Montclair .
Montclair Trust Company
Morristown Trust Company

1917
1918
1918

180,000
400,000
900,000

3,117,776
4,723,029
9,114,221

City Trust Company
Federal Trust Company .
Fidelity Union Trust Company
Ironbound Trust Company
Bank of Nutley

1920
1918
1920
1919
1919

300,000
1,500,000
5,486,434
300,000
135,000

3,221,622
14,720,253
57,848,325
11,126,651
1,769,678

Paterson
Plainfield

Trust Company of Orange
Passaic Trust & Safe Deposit Co.
Peoples Bank & Trust Company
Hamilton Trust Company
Plainfield Trust Company

1918
1917
1918
1919
1917

125,000
600,000
800,000
1,000,000
700,000

1,126,262
10,967,328
7,450,967
8,458,393
9,061,877

Rahway
Ridgefield Park
Ridgewood
Rutherford

Rahway Trust Company
Ridgefield Park Trust Company
Ridgewood Trust Company
Rutherford Trust Company

1917
1919
1920
1918

125,000
125,000
190,000
150,000

1,060,182
1,832,024
2,421,197
1,531,989

Westfield

Peoples Bank & Trust Company
Westfield Trust Company

1918
1918

180,000
200,000

2,364,783
2,707,116

$23,870,764

$288,241,407

1,300,000

10,039,077

Morristown
Newark

Nutley
Orange
Passaic

Total for New Jersey

C O N N E C T I C U T

Bridgeport




Bridgeport Trust Company

GRAND TOTAL

.

1917

.

.

.

$376,266,057 $4,089,933,511

Table of State Banks and Trust Companies in the Second Federal Reserve District
which are Members of the Federal Reserve System
March 31, 1921
Percentage of
Eligible Banks
which are Members

Member
Stale Banks

Member
Trust Companies

Total
Members

Number Eligible
for Membership

45

54

99

301

33%

12 Counties
New Jersey

7

29

36

92

39%

1 County
Connecticut .

0

1

1

12

8%

52

84

136

405

34%

New York

Total




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