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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 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 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 . . Buffalo 1919 1920 1918 1918 . . . . . . . . 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