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FEDERAL

RESERVE

OF

Circular N o . 5 3

BANK

Series of 1921

DALLAS

Dallas, Texas, Oct. 11, 1921.

CHECKS ON

CE RTAIN

N O N -M E M B E R S T A T E

C A R O L IN A TEM PO RAR ILY

UNACCEPTABLE

R E V IS E D

BANKS
FOR

IN N O R T H

CO LLEC TIO N .

L I S T - N o . 12

TO T H E M E M B E R B A N K A D D R E S S E D :
You will find herewith a revised list of plaintiff banks in an injunction
suit against the Federal Reserve Bank of Richmond, which supersedes the
list of banks accompanying our Circular No. 50 of Aug. 24, 1921, entitled
“ Checks on Certain Non-Member State Banks in North Carolina Tempor­
arily Unacceptable for Collection.”
A s described in that circular we cannot for the present accept for collec­
tion any checks drawn on the banks listed because of a temporary injunc­
tion 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.
Revised lists will be published and sent to you from time to time as
occasion requires.
Very truly yours,

Governor.

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

Aberdeen, N. C.
Aberdeen, N. C.
Ahoskie, N. C.
Ahoskie, N. C.
Andrews, N. C.
Angier, N. C.
Arapaboe, N. C.
Askewville, N. C.
Atkinson, N. C.
Aulander, N. C.
Aulander, N. C.
Avondale, N. C.
Badin, N, C.
Bakersville, N. C.
Banners Elk, N. C.
Bayboro, N. C.
Beaufort, N. C.
Belhaven, N. C.
Bennett, N. C.
Bessemer City, N. C.
Biscoe, N. C.
Black Creek, N. C.
Bladenboro, N. C.
Blowing Rock, N. C.
Boiling Springs, N. C.
Bonlee, N. C.
Boone, N. C.
Boonville, N. C.
Bostic, N. C.
Broadway, N. C.
Bridgeton, N. C.
Buies Creek, N. C.
Bunn, N. C.
Burlington, N. C.
Burlington, N, C.
Burnsville, N. C.
Cameron, N. C.
Candor, N. C.
Carrboro, N. C.
Carthage, N. C.
Carthage, N. C.
Cary, N. C.
Catawba, N. C.
Cerro Gordo, N. C.
Chapel Hill, N. C.
Chapel Hill, N. C.
China Grove, N. C.
Claremont, N. C.
Cleveland, N. C.
Cliffside, N. C.
Clyde, N. C.
Coats, N. C.
Coleraine, N. C.
Coleraine, N. C.
Coleridge, N. C.
Columbus, N. C.
Conover, N. C.
Conway, N. C.
Dallas, N. C.
Danbury, N. C.
Danbury, N. C.
Denver, N. C.
Dover, N. C.
Duke, N. C.
Dunn, N. C.
Dunn, N. C.
Efland, N. C.
Elk Park, N. C.
Ellerbee, N. C.
Ellerbee, N. C.
Elon College, N. C.

Merchants & Farmers Bank
Page Trust Co.
Farmers-Atlantic Bank
Bank of Ahoskie
Merchants and 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 Belhaven
Bank of Bennett
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.
Commercial & Savings Bank
Bostic Bank
Bank of Broadway
Bank of Bridgeton
Bank of Buies Creek
Bunn Banking Co.
Alamance Bank & Trust Co.
First Savings Bank
Bank of Yancey
Bank of Camoren
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
Peoples Bank
Citizens Bank
The Playnes 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 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 Ellerbee
Bennett Bank & Trust Co.
Elon Bank & Trust Co.

Enfield, N. C.
Englehard, N. C.
Eure, N. C.
Everetts, N. C.
Fair Bluff, N. C.
Fletcher, N. C.
Franklinville, N. C.
Fuquay Springs, N. C.
Garysburg, N. C.
Gates, N. C.
Gatesville, N. C.
Gatesville, N. C.
Germanton, N. C.
Gibson, N. C.
Gibsonville, N. C.
Goldston, N. C.
Graham, N. C.
Granite Falls, N. C.
Granite Quarry, N. C.
Grimesland, N. C.
Grover, N. C.
Gulf, N. C.
Halifax, N. C.
Hamilton, N. C.
Hamlet, N. C.
Harrellsville, N. C.
Haysville, N. C.
Haw River, N. C.
Hemp, N. C.
Henrietta, N. C.
Hickory, N. C.
Hickory, N. C.
Hillsboro, N. C.
Hillsboro, N. C.
Hobgood, N. C.
Holly Springs, N. C.
Hookerton, N. C.
Hot Springs, N. C.
Jackson Springs, N. C.
Jacksonville, N. C.
Jamesville, N. C.
Jonesboro, N. C.
Kelford, N. C.
Kenansville, N. C.
Kenly, N. C.
Kenly, N. C.
Kernersville, N. C.
King, N. C.
King, N. C.
Landis, N. C.
Lasker, N. C.
Leaksville, N. C.
Lewiston, N. C.
Lexington, N. C.
Lexington, N. C.
Liberty, N. C.
Lillington, N. C.
Lillington, N. C.
Littleton, N. C.
Littleton, N. C.
Lowell, N. C.
Lucama, N. C.
Madison, N. C.
Madison, N. C.
Magnolia, N. C.
Maiden, N. C.

Commercial & Farmers Bank
Englehard Banking & Trust Co.
Farmers Bank of Eure
Planters and Merchants Bank
Farmers & Merchants Bank
Bank of Fletcher
Bank of Franklinville
Bank of Fuquay
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
City Bank & Trust Co.
Bank of Halifax
Bank of Hamilton
Page Trust Co.
Bank of Harrellsville
Clay County Bank
Bank of Haw River
Bank of Hemp
The Haynes Bank
First Security Trust Co.
Consolidated Trust Co.
Bank of Orange
Farmers & Merchants Bank
Bank of Hobgood
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
Merchants & Farmers Bank
Bank of Lasker
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

Manteo, N. C.
Marion, N. C.
Mars Hill, N. C.
Marshall, N. C.
Marshall, N. C.
Marshville, N. C.
Marshville, N. C.
Mayodan, N. C.
Maysville, N. C.
Micro, N. C.
Middlesex, N. C.
Midland, N. C.
Mocksville, N. C.
Mocksville, N. C.
Moncure, N. C.
Monroe, N. C.
Monroe, N. C.
Mooresboro, N. C.
Mount Gilead, N. C.
Mount Holly, N. C.
Mount Holly, N. C.
Murphy, N. C.
Newland, N. C.
New London, N. C.
Newport, N. C.
Newton, N. C.
Norlina, N. C .
Northwilkesboro, N. C.
Norwood, N. C.
Oakboro, N. C.
Old Fort, N. C.
Oriental, N. C.
Parkton, N. C.
Parmele, N. C.
Pilot Mountain, N. C.
Pinehurst, N. C.
Pine Level, N. C.
Pittsboro, N. C.
Pittsboro, N. C.
Plymouth, N. C.
Plymouth, N. C.
Potecasi, N. C.
Powellsville, N. C.
Princeton, N. C.
Proctorville, N. C.
Raeford, N. C.
Raeford, N. C.
Ramseur, N. C.
Randleman, N. C.
Richfield, N. C.
Richlands, N. C.
Rich Square, N. C.
Robersonville, N. C.
Rockwell, N. C.
Roseboro, N. C.
Roseboro, N. C.
Rose Hill, N. C.

Bank of Manteo
Merchants & Farmers Bank
Bank of Mars Hill
Bank of French Broad
Citizens Bank
Bank of Marshville
Mutual Bank & Trust Co.
Bank of Mayodan
Maysville Banking & Trust Co.
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
Bank of Mount Gilead
Central Bank & Trust Co.
Mount Holly Bank
The Cherokee Bank
Avery County Bank
Peoples Bank & Trust Co.
Bank of Newport
Farmers & Merchants Bank
Bank of Warren
Bank of Northwilkesboro
Bank of Norwood
Bank of Oakboro
Bank of Old Fort
Bank of Pamlico
Bank of Parkton
Parmele Bank & Trust Co.
Farmers Bank
Bank of Pinehurst
Bank of Pine Level
Bank of Pittsboro
Farmers Bank
Bank of Plymouth
Washington County Bank
Bank of Potecasi
Powellsville Bank
Merchants & Farmers Bank
Bank of Proctorville
Bank of Hoke
Bank of Raeford
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
Bank of Rose Hill

Bank of Roxobel
Roxobel, N. C.
Roanoke-Chowan Bank
Roxobel, N. C.
Salemburg, N. C.
Bank of Salemburg
Bank of Saluda
Saluda, N. C.
Carolina State Bank
Saluda, N. C.
Banking Loan & Trust Co.
Sanford, N. C.
Bank of Sanford
Sanford, N. C.
Peoples Bank
Sanford, N. C.
Seagroves, N. C.
Bank of Seagroves
Severn, N. C.
Bank of Severn
Siler City, N. C.
Siler City Loan & Trust Co.
Chatham Bank
Siler City, N. C.
Bank of Sparta
Sparta, N. C.
Spruce Pine, N. C.
Bank of Spruce Pine
Bank of Stanfield
Stanfield, N. C.
Stanley, N. C.
Farmers & Merchants Bank
Stem, N. C.
Bank of Stem
Stokes, N. C.
Planters Bank
Stokesdale Commercial Bank
Stokesdale, N. C.
Stoneville, N. C.
Bank of Stoneville
Stoneville, N. C.
Farmers & Merchants Bank
Stony Point, N. C.
Bank of Stony Point
Summerfield, N. C.
Bank of Summerfield
Sylva, N. C.
Tuckaseigee Bank
Jackson County Bank
Sylva, N. C.
Tabor, N. C.
Bank of Whiteville
Tabor, N. C.
Farmers & Merchants Bank
Todd (Elkland), N. C. Bank of Todd
Trenton, N. C.
Bank of Jones
Troutman, N. C.
Troutman Banking & Trust Co.
Troy, N. C.
Bank of Montgomery
Troy, N. C.
Troy Bank & Trust Co.
Turkey, N. C.
Bank of Turkey
Vass, N. C.
Bank of Vass
Vineland, N. C.
Bank of Columbus
Waco, N. C.
Peoples Bank
Wagram, N. C.
Bank of Wagram
Wake Forest, N. C.
Bank of Wake
Wallace, N. C.
Bank of Duplin
Wallace, N. C.
Farmers Bank & Trust Co.
Walnut Cove, N. C.
Bank of Stokes County
Walnut Cove, N. C.
Farmers Union Bank & Trust Co.
Warrenton, N. C.
Bank of Warren
Warrenton, N. C.
Citizens Bank
Warsaw, N. C.
Bank of Warsaw
Waxhaw, N. C.
Waxhaw Banking & Trust Co.
Weldon, N. C.
Weldon Bank & Trust Co.
Whiteville, N. C.
Bank of Whiteville
Whiteville, N. C.
Bank of Columbus
Wilkesboro, N. C.
Bank of Wilkes
Williamston, N. C.
Farmers & Merchants Bank
Williamston, N. C.
Martin Co. Savings & Trust Co.
Wingate, N. C.
State Bank of Wingate
Winterville, N. C.
Bank of Winterville
Winton, N. C.
Bank of Winton
Winton, N. C.
Merchants & Farmers Bank
Woodland, N. C.
Farmers Bank
Yadkinville, N. C.
Bank of Yadkin
Yanceyville, N. C.
Bank of Yanceyville

The following banks have not become parties to the suit, nevertheless they have signified to
us their intention to take advantage of the law by refusing to remit at par in exchange acceptable
to us, and refusing to pay in money, checks presented to them by our agents.
W e, therefore,
cannot handle checks drawn upon these banks.
Ansonville, N. C.
Bailey, N. C.
Bethel, N. C.
Bethel, N. C.
Burnsville, N. C.
Castalia, N. C.
Fountain, N. C.
Harmony, N. C.

Bank of Anson
Branch Banking and Trust Co.
Farmers & Merchants Bank
Bethel Banking & Trust Co.
Citizens Bank
Bank of Castalia
Bank of Fountain
Harmony Banking and Trust Co.

Pilot Mountain, N. C.
Pink Hill, N. C.
Pinnacle, N. C.
Polkton, N. C.
Southport, N. C.
Taylorsville, N. C.
Valle Crucis, N. C.

Bank of Pilot Mountain
Pink Hill Bank & Trust Co.
Bank of Pinnacle
Bank of Polkton
Bank of Southport
Merchants & Farmers Bank
Valle Crucis Bank

Checks on all banks in North Carolina both member banks and non-member banks can still be collected
at par by the Federal Reserve Bank, except checks on the banks whose names occur on this list.