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FEDERAL RESERVE BANK
OF N E W YORK
•
Circular
Check Department
No
- 544, April 18, 1923. 1
Reference to Circular No. 515
Checks on Certain Nonmember State Banks and Trust Companies
In North Carolina Temporarily Unacceptable For Collection
REVISED LIST—No. 19
To all Member Banks in the Second Federal Reserve District:
For the present checks drawn on those nonmember State banks and trust companies
located in North Carolina listed on the following pages cannot be accepted by us for collection through the Federal Reserve Bank of Richmond.
This is due to a temporary injunc-
tion which these institutions have obtained in the State of North Carolina restraining the
Federal Reserve Bank of Richmond from returning as dishonored any checks, drawn upon
any one of the banking institutions joining the injunction proceedings, which the drawee
bank refuses to pay except in exchange at less than par.
The banks whose names are added at the end of the list on the last page have not
become parties to the injunction suit, but, nevertheless, have signified to the Federal
Reserve Bank of Richmond their intention to take advantage of the North Carolina statute
by refusing to remit at par in exchange, and refusing to pay in money, checks presented to
them by its agents. We, therefore, cannot handle checks drawn upon these banks. Every
such check would necessarily be returned by us with a notice of dishonor after presentation.
Revised lists will be published and sent to you from time to time as occasion requires.
Very truly yours,
BENJ. STRONG,
Governor
FEDERAL RESERVE BANK OF NEW YORK
Revised List-No. 19, April 18, 1923
NORTH CAROLINA NONMEMBER STATE BANKS AND TRUST COMPANIES
Plaintiffs in Injunction Suit Against the Federal Reserve Bank of Richmond
Refusing to pay Checks Drawn on Them except in Exchange at less than Par.*
Location
Aberdeen
Aberdeen
Albemarle
Ahoskie
Ahoskie
Andrews
Angier
Arapahoe
Askewville
Atkinson
Aulander
Aulander
Avondale
Badin
Bakersville
Banners Elk
Bayboro
Beaufort
Beaufort
Belhaven
Bennett
Bennett
Benson
Bessemer City
Biscoe
Black Creek
Bladenboro
Blowing Rock
Boiling Springs
Bonlee
Bonlee
Boone
Boonville
Bostic
Bridgeton
Broadway
Buies Creek
Bunn
Burlington
Burnsville
Cameron
Cameron
Candor
Carrboro
Carthage .
Carthage
Cary
Catawba
Cerro Gordo
Chapel Hill
Chapel Hill
China Grove
Name
Merchants & Farmers Bank
Page Trust Co.
Stanly Bank & Trust Co.
Farmers-Atlantic Bank
Bank of Ahoskie
Merchants & Manufacturers Bank
Angier Bank & Trust Co.
Bank of Pamlico
Farmers-Atlantic Bank
Bank of Atkinson
Bank of Aulander
Farmers Bank
The Haynes Bank
Bank of Badin
Merchants & Farmers Bank
Banners Elk Bank
Bank of Pamlico
Beaufort Banking & Trust Co.
Bank of Beaufort
.Bank of Uelnaven
Bank of Bennett
Peoples Bank & Trust Co.
Citizens Bank & Trust Co.
Bessemer City Bank
Bank of Biscoe
Bank of Black Creek
Bank of Bladenboro
Bank of Blowing Rock
Boiling Springs Bank
Bonlee Bank & Trust Co.
Peoples Bank & Trust Co.
Peoples Bank & Trust Co.
Commercial & Savings Bank
Bostic Bank
Bank of Bridgeton
Bank of Broadway
Bank of Buies Creek
Bunn Banking Co.
First Savings Bank
Bank of Yancey
Bank of Cameron
Page Trust Co.
Bank of Candor
Bank of Carrboro
Page Trust Co.
Bank of Moore
Bank of Cary
Peoples Bank
Bank of Cerro Gordo
Bank of Chapel Hill
Peoples Bank
Bank of China Grove
Location
Claremont
Cleveland
Cliffside
Clyde
Coats
Coleraine
Coleraine
Coleridge
Columbus
Conover
Conway
Cooleemee
Dallas
Danbury
Danbury
Denver
Dover
Duke
Dunn
Dunn
Efland
Elk Park
Eilenboro
Ellerbe
Ellerbe
Elon College
Enfield
Englehard
Eure
Everetts
Fair Bluff
Farmville
Fletcher
Franklinville
Fuquay Springs
Garner
Garysburg
Gates
Gatesville
Gates ville
Germ ant on
Gibson
Gibsonville
Goldston
Graham
Granite Falls
Granite Quarry
Grimesland
Grover
Gulf
Halifax
Hamilton
Name
Peoples Bank
Citizens Bank
The Haynes Bank
Bank of Clyde
Bank of Harnett
Bank of Coleraine
Peoples Bank & Trust Co.
Bank of Coleridge
Polk County Bank & Trust Co.
Citizens Bank
Bank of Conway
Bank of Cooleemee
Bank of Dallas
Bank of Stokes County
Citizens Bank
Farmers & Merchants Bank
Bank of Dover
Bank of Harnett
Commercial Bank
State Bank & Trust Co.
Bank of Efland
Citizens Bank
Bank of Ellenboro
Bank of Ellerbe
Bennett Bank & Trust Co.
Elon Banking & Trust Co.
Commercial & Farmers Bank
Englehard Banking & Trust CoFarmers Bank of Eure
Planters and Merchants Bank
Farmers & Merchants Bank
Bank of Farmville
Bank of Fletcher
Bank of Franklinville •
Bank of Fuquay
Garner Banking & Trust Co.
Merchants & Farmers Bank
Citizens Bank
Planters Savings Bank
Bank of Gates
Bank of Stokes County
Carolina State Bank
Bank of Gibsonville
Bank of Goldston
Citizens Bank
Bank of Granite
Farmers & Merchants Bank
Bank of Grimesland
Bank of Grover
Citizen Bank & Trust Co.
Bank of Halifax
Bank of Hamilton
•Such checks are temporarily unacceptable by the Federal Reserve Bank of New York for collection through the Federal Reserve
Bank of Richmond. Checks on all banks in North Carolina both member banks and non-member banks can still be collected ftt
par by the Federal Reserve Bank, except checks on the banking institutions whose names appear herein
Revised List—No. 19 {.continued]
Name
Location
Hamlet
Haxrellsville
Haw River
Haysville
Hemp
Henrietta
Hickory
Hickory
Hillsboro
Hillsboro
Hobgood
Hollister
Holly Springs
Hookerton
Hot Springs
Jackson Springs
Jacksonville
Jamesville
Jonesboro
Kelford
Kenans ville
Kenly
Kenly
Kernersville
King
King
King
Landis
Lansing
Leaksville
Lewiston
Lexington
Lexington
Liberty
Lillington
Lillington
Littleton
Littleton
Lowell
Lucama
Madison
Madison
Magnolia
Maiden
Manteo
Marion
Marshall
Marshall
Mars Hill
Marshville
Marshville
Mavodan
Page Trust Co.
Bank of Harreilsville
Bank of Haw River
Clay County Bank
Bank of Hemp
The Haynes Bank
First Security Trust Co.
Consolidated Trust Co.
Bank of Orange
Farmers & Merchants Bank
Bank of Hobgood
Bank of Hollister
Bank of Holly Springs
Bank of Hookerton
Citizens Bank
Bank of Jackson Springs
Bank of Onslow
Bank of Jamesville
Banking Loan & Trust Co.
Bank of Kelford
Bank of Kenansville
Farmers Bank
Bank of Kenly
Bank of Kernersville
Bank of King
Farmers & Merchants Bank
Bank of Stokes County
Merchants & Farmers Bank
Bank of Lansing
Bank of Leaksville
Bank of Lewiston
Commercial & Savings Bank
Lexington Bank & Trust Co.
Bank of Liberty
Bank of Lillington
Harnett County Trust Co.
Bank of Littleton
Planters Bank
Bank of Lowell
Lucama Bank
Bank of Madison
Farmers Bank & Trust Co.
Bank of Magnolia
Maiden Bank
Bank of Manteo
Merchants & Farmers Bank
Bank of French Broad
Citizens Bank
Bank of Mars Hill
Bank of Marshville
Mutual Bank & Trust Co.
Bank of Mayodan
i Location
Maysville
McDonald
Micro
Middlesex
Midland
Mocksville
Mocksville
Moncure
Monroe
Monroe
Mooresboro
Morehead City
Mount Gilead
Mount Holly
Mount Holly
Murphy
Murphy
Newland
New London
Newport
Newton
Norlina
Norlina
North wilkesboro
Norwood
Oakboro
Oak City
Old Fort
Oriental
Parkton
Parmele
Pilot Mountain
Pine Level
Pinetops
Pittsboro
Pittsboro
Potecasi
Powellsville
Princeton
Proctorville
Raeford
Raeford
Raeford
Ramseur
Randleman
Richfield
Richlands
Rich Square
Robersonville
Rockwell
Roseboro
Roseboro
Name
Maysville Banking & Trust Co.
Bank of McDonald
Citizens Bank
Middlesex Banking Co.
Bank of Midland
Bank of Davie
Merchants & Farmers Bank
Banking Loan & Trust Co.
Farmers & Merchants Bank
Monroe Bank and Trust Co.
Bank of Mooresboro
The Marine Bank
Bank of Mount Gilead
Central Bank & Trust Co.
Mount Holly Bank
The Cherokee Bank
Bank of Murphy
Avery County Bank
Peoples Bank & Trust Co.
Bank of Newport
Farmers & Merchants Bank
Bank of Norlina
Bank of Warren
Bank of Northwilkesboro
Bank of Norwood
Bank of Oakboro
Bank of Oak City
Bank of Old Fort
Bank of Pamlico
Bank of Parkton
Parmele Bank & Trust Co.
Farmers Bank
Bank of Pine Level
Planters Bank
Bank of Pittsboro
Farmers Bank
Bank of Potecasi
Powellsville Bank
Merchants & Farmers Bank
Bank of Proctorville
Bank of Hoke
Bank of Raeford
Page Trust Co.
Bank of Ramseur
Peoples Bank
Peoples Bank & Trust Co
Citizens Bank
Bank of Rich Square
Bank of Robersonville
Bank of Rockwell
Bank of Roseboro
Coharie Bank of Roseboro
Reference to next page for list of additional banks in North Carolina, not parties to the suit, refusing to remit at par, etc.
Revised List—No. 19 [Continued]
Location
Name
Bank of Rose Hill
Bank of Roxobel
Roanoke-Chowan Bank
Bank of Salemburg
Bank of Saluda
Carolina State Bank
Banking Loan & Trust Co.
Bank of Sanford
Peoples Bank
Page Trust Co.
Bank of Seagrove
Bank of Severn
Citizens Bank & Trust Co
Chatham Bank
Snow Hill Banking & Trust Co.
Bank of Sparta
Bank of Spruce Pine
Bank of Stanfield
Farmers & Merchants Bank
Bank of Stem
Planters Bank
Stokesdale Commercial Bank
Bank of Stoneville
Farmers & Merchants Bank &
Trust Co.
Stony Point
Bank of Stony Point
Summerfield
Bank of Summerfield
Sylva
Tuckaseigee Bank
Sylva
Jackson County Bank
Tabor
Bank of Whiteville
Tabor
Farmers & Merchants Bank
Todd (Elkland) Bank of Todd
Trenton
Bank of Jones
Rose Hill
Roxobel
Roxobel
Salemburg
Saluda
Saluda
Sanford
Sanford
Sanford
Sanford
Seagrove
Severn
Siler City
Siler City
Snow Hill
Sparta
Spruce Pine
Stanfield
Stanley
Stem
Stokes
Stokesdale
Stoneville
Stoneville
Location
Trout man
Troy
Troy
Turkey
Vass
Vineland
Waco
Wagram
Wake Forest
Wallace
Wallace
Walnut Cove
Walnut Cove
Warrenton
Warrenton
Warsaw
Waxhaw
Weaverville
Weldon
Whiteville
Whiteville
Wilkesboro
Williamston
Williamston
Williamston
Wingate
Winterville
WTinton
Winton
WToodland
Yadkinville
Yanceyville
Name
Troutman Banking & Trust Co.
Bank of Montgomery
Troy Bank & Trust Co.
Bank of Turkey
Bank of Vass
Bank of Columbus
Peoples Bank
Bank of Wagram
Bank of Wake
Bank of Duplin
Farmers Bank & Trust Co.
Bank of Stokes County
Farmers Union Bank & Trust Co.
Bank of Warren
Citizens Bank
Bank of Warsaw
Waxhaw Banking & Trust Co.
Farmers & Traders Bank
Weldon Bank & Trust Co.
Bank of Whiteville
Bank of Columbus
Bank of Wilkes
Farmers & Merchants Bank
Martin Co. Savings & Trust Co.
Peoples Bank
State Bank of Wingate
Bank of Winterville
Bank of Winton
Merchants & Farmers Bank
Farmers Bank
Bank of Yadkir.
Bank of Yanceyville
List of Additional Non-Par Banking Institutions in North Carolina
The following have not become parties to the suit, nevertheless they have signified to the Federal
Reserve Bank of Richmond their intention to take advantage of the North Carolina statute by refusing
to remit at par in exchange, and refusing to pay in money, checks presented to them by its agents.
Name
Location
Angier
Ansonville
Bailey
Bethel
Bethel
Burnsville
Burnsville
Castalia
Chadbourn
Creedmoor
Fountain
Four Oaks
Franklinton
Fremont
Fremont
Harmony
Leggett
Littleton
Farmers Bank
Bank of Anson
Branch Banking and Trust Co.
Farmers & Merchants Bank
Bethel Banking & Trust Co.
Citizens Bank
Citizens Bank of Yancey
Bank of Castalia
Farmers Savings Bank
Planters Bank & Trust Co.
Bank of Fountain
Bank of Four Oaks
Commercial Bank & Trust Co.
Bank of Fremont
Planters Bank and Trust Co.
Harmony Banking and Trust Co.
Bank of Leggett
Farmers & Merchants Bank
Location
Macclesfield
Maxton
McFarlan
Peachland
Pembroke
Pilot Mountain
Pinetops
Pineville
Pink Hill
Pinnacle
Polkton
Red Springs
Southport
Star
Taylorsville
Tillery
Valle Crucis
Walstonburg
Name
Merchants & Farmers Bank
Bank of Maxton
Bank of McFarlan
Bank of Peachland
Bank of Pembroke
Bank of Pilot Mountain
Pinetops Banking Co.
Merchants & Farmers Bank
Pink Hill Bank & Trust Co.
Bank of Pinnacle
Bank of Polkton
Bank of Red Springs
Bank of Southport
Bank of Star
Merchants & Farmers Bank
Bank of Tillery
Valle Crucis Bank
Farmers & Merchants Bank
@FedFRASER