Full text of Federal Reserve Bank of St. Louis Circulars : Memorandum for the Press : Bank Joins Federal Reserve System [Farmers State Bank of Sullivan, Sullivan, Indiana]

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

F E D E R A L

RES ERV E

DANK

OF

ST.

LOUIS

M e m o r a n d u m f o r the P r e s s

F o r Im m e d ia te R e le a s e




A u g u s t 11,

1955

B A N K JO IN S F E D E R A L R E S E R V E S Y S T E M

T he F a r m e r s State B ank of S u lliv a n , S u lliv a n ,
I n d i a n a , b e c a m e a m e m b e r o f th e F e d e r a l R e s e r v e S y s t e m
June 9, 1955.
T he new m e m b e r , a n e w ly c h a r t e r e d in s titu tio n ,
h a s a n n o u n c e d i t s o p e n i n g d a y a s A u g u s t 13, 1 9 5 5 . It h a s
a c a p ita l of $ 7 5 ,0 0 0 , s u r p lu s of $ 5 0 ,0 0 0 and u n d iv id e d
p r o fits of $ 2 5 ,0 0 0 .
I t s o f f i c e r s a r e : J. H. C r o w d e r ,
P re sid en t;
W . H. C r o w d e r , V i c e P r e s i d e n t a n d C a s h i e r ,
T h e a d d i t i o n o f th e F a r m e r s S t a t e B a n k o f S u l l i v a n
b r i n g s th e t o t a l m e m b e r s h i p o f th e F e d e r a l R e s e r v e B a n k
o f S t. L o u i s to 4 9 3 . T h e s e m e m b e r b a n k s h o l d 6 9 p e r c e n t
o f th e t o t a l d e p o s i t s o f a l l b a n k i n g i n s t i t u t i o n s in t h e E i g h t h
D istr ic t.