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FEDERAL

RESERVE

OF

BANK

Circular

N o.

10

Series of 1922

DALLAS

Dallas, Texas, July 6, 1922.

C H E C K S O N C E R T A I N N O N - M E M B E R S T A T E B A N K S IN N O R T H
C A R O L IN A TE M PO R A R ILY

UNACCEPTABLE

R EV ISE D

FOR

C O L L E C T IO N .

L I S T - N o . 16

TO THE MEMBER BA N K ADDRESSED:
You will find herewith a revised list of plaintiff hanks in an injunction
suit against the Federal Reserve Bank of Richmond, which supersedes the
list of hanks accompanying our Circular No. 2, Series of 1922, entitled
“ Checks on Certain Non-Memher State Banks in North Carolina Tempor­
arily Unacceptable for Collection.”
As described in that circular we cannot for the present accept for collec­
tion any checks drawn on the hanks 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.
Arapahoe, 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.
Beaufort, N. C.
Belhaven, N. C.
Bennett, N. C.
Benson, 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.
Burnsville, N. C.
Cameron, 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.
Colerain, N. C.
Colerain, N. C.
Coleridge, N. C.
Columbus, N. C.
Conover, N. C.
Conway, N. C.
Cooleemee, 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.
Ellenboro, 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 Bank & Trust Co.
Bank of Beaufort
Bank of Belhaven
Bank of Bennett
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.
Commercial & Savings Bank
Bostic Bank
Bank of Broadway
Bank of Bridgeton
Bank of Buies Creek
Bunn Banking Co.
First Savings Bank
Bank of Yancey
Bank of Cameron
Page Trust Co.
Bank of Candor
Bank of Canboro
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 Haynes Bank
Bank of Clyde
Bank of Harnett
Bank of Colerain
Peoples Bank & Trust Co.
Bank of Coleridge
Polk County Bank & Trust Co.
Citizens Bank
Bank of Conway
Bank of Cooleemee
Bank o f Dallas
Bank of Stokes County
Citizens Bank
Farmers & Merchants Bank
Bank o f Dover
Bank of Harnett
Commercial Bank
State Bank & Trust Co.
Bank of Efland
Citizens Bank
Bank of Ellenboro
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.
Garner, 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.
Harrell sville, 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.
Hollister, N. C.
Holly Springs, N. C.
Hookerton, N. C.
Hot Springs, N. C.
Jackson Springs, N, C.
Jacksonville, N. C.
Jamesville, N. G.
Jonesboro, N. C.
Kelford, N. C.
Kenan sville, N. C.
Kenly, N. C.
Kenly, N. C.
Kernersville, N. C.
King, N. C.
King, N. C.
Landis, N. C.
Lansing, 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. Q.
Lowell, N. C.
Lucama, N. C.
Madison, N. C.
Madison, N. C.
Magnolia, N. C,
Maiden, N. C.
Manteo, N. C.
Marion, N. C.
Mars Hill, N. C.
Marshall, 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
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
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 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
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 Mars Hill
Bank of French Broad

Marshall, N. C.
Marshville, N. C.
Marshville, N. C.
Mayodan, N. C.
Maysville, N. C.
McDonald, 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.
Morehead City, N. C.
Mount Gilead, N. C.
Mount Holly, N. C.
Mount Holly, N. C.
Murphy, 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.
Oak City, N. C.
Old Fort, N. C.
Oriental, N. C.
Parkton, N. C.
Parmele, N. C.
Pilot Mountain, N. C.
Pine Level, N. C.
Pinetops, N. C.
Pittsboro, N. C.
Pittsboro, N. C.
Potecasi, N. C.
Powellsville, N. C.
Pi'inceton, N. C.
Proctorville, N. C.
Raeford, N. C.
Raeford, N. C.
Raeford, N. C.
Ramseur, N. C.
Randleman, N. C.
Richfield, N. C.
Richlands, N. C.
Rich Square, N. C.
Robertsonville, N. C.
RockwelL N. C.
Roseboro, N. C.
Roseboro, N. C.
Rose Hill, N. C.
Roxobel, N. C.
Roxobel, N. C.
Salemburg, N. C.

Citizens Bank
Bank of Marshville
Mutual Bank & Trust Co.
Bank of Mayodan
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 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 Robertsonville
Bank of Rockwell
Bank of Rosebro
Coharie Bank of Rosebro
Bank of Rose Hill
Bank of Roxobel
Roanoke-Chowan Bank 1
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.
Sanford, N. C.
Peoples Bank
Sanford, N. C.
Page Trust Co.
Bank of Seagroves
Seagroves, N. C.
Severn, N. C.
Bank of Severn
Siler City, N. C.
Citizens Bank & Trust Co.
Siler City, N. C.
Chatham Bank
Sparta, N. C.
Bank of Sparta
Spruce Pine, N. C.
Bank of Spruce Pine
Bank of Stanfield
Stanfield, N. C.
Stanley, N. C.
Farmers & Merchants Bank
Bank o f Stem
Stem, N. C.
Planters Bank
Stokes, N. C.
Stokesdale Commercial Bank
Stokesdale, N. C.
Bank of Stoneville
Stoneville, N. C.
Farmers & Merchants Bank
Stoneville, N. C.
Bank of Stony Point
Stony Point, N. C.
Bank of Summerfield
Summerfield, N. C.
Tuckaseigee Bank
Sylva, N. C.
Jackson County Bank
Sylva, N. C.
Bank of Whiteville
Tabor, N. C.
Farmers & Merchants Bank
Tabor, N. C.
Todd (Elldand), N. C. Bank of Todd
Bank of Jones
Trenton, N. C.
Troutman Banking & Trust Co.
Troutman, N. C.
Bank of Montgomery
Troy, N. C.
Troy Bank & Trust Co.
Troy, N. C.
Bank of Turkey
Turkey, N. C.
Bank of Vass
Vass, N. C.
Vineland, N. C.
Bank of Columbus
Peoples Bank
Waco, N. C.
Bank of Wagram
Wagram, N. C.
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
Warren ton, N. C.
Citizens Bank
Warsaw, N. C.
Bank of Warsaw
Waxhaw, N. C.
Waxhaw Banking & Trust Co.
Weaverville, N. C.
Farmers & Traders Bank
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.
Williamston, N. C.
Peoples Bank
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.
F a rm ers Bank
Yadkinville, N. C.
Bank of Yadkin
Yanceyville, N. O.
Bank of Yancey v ille .

The following banks have riot 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. We, therefore, can not handle checks drawn upon these banks. Every such check would
necessarily be returned by us with a notice of dishonor after presentation.
Angier, N. C.
Ansonville, N. C.
Bailey, N. C.
Bethel, N. C.
Bethel, N. C.
Burnsville, N. C.
Burnsville, N. C.
Castalia, N. C.
Chadbourn, N. C.
Farmville, N. C.
Fountain, N. C.
Four Oaks, N. C.
Fremont, N. C.
Fremont, N. C.
Harmony, N. C.
Leggett, N. C.

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.
Bank of Farmville
Bank of Fountain
Bank of Four Oaks
Bank of Fremont
Planters Bank & Trust Co.
Harmony Banking and Trust Co.
Bank of Leggett

Macclesfield, N. C.
Merchants & Farmers Bank
Maxton, N. C.
Bank of Maxton
McFarlan, N. C.
Bank of McFarlan
Peachland, N. C.
Bank of Peachland
Pembroke, N. C.
Bank of Pembroke
Pilot Mountain, N. C. Bank of Pilot Mountain
Pinetops, N. C.
Pinetops Banking Co.
Pink Hill, N. C.
Pink Hill Bank & Trust Co.
Pinnacle, N. C.
Bank of Pinnacle
Polkton, N. C.
Bank of Polkton
Red Springs, N. C.
Bank of Red Springs
Southport, N. C.
Bank of Southport
Taylorsville, N. C.
Merchants & Farmers Bank
Tillery, N. C.
Bank of Tillery
Valle Crucis, N. C.
Valle Crucis Bank
Walstonburg, N. C.
Farmers & Merchants 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.