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FEDERAL RESERVE
OF

BANK

Circular No. 3 7
Series of 1921

DALLAS

Dallas, Texas, June 1, 1921.

CHECKS O N CERTAIN NON- MEMBER STATE B A N K S IN NORTH
C A R O L I N A TEMPORARI LY U N A C C E P T A B L E

FOR

COLLECTI ON.

REVISED L I S T - N o . 8

TO TH E MEMBER B A N K ADDRESSED:
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. 29 of May 4, 1921, entitled
“ Checks on Certain Non-Member 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 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.
Andrews, N. C.
Angier, N. C.
Arapahoe, N. C.
Askewville, N. C.
Atkinson, N. C.
Avondale, N. C.
Badin, N. C.
Bailey, 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.
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.
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.
Denton, 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.
Merchants and Manufacturers Bank
Angier Bank & Trust Co.
Bank of Pamlico
Farmers-Atlantic Bank
Bank of Atkinson
The Haynes Bank
Bank of Badin
Bailey Banking Co.
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
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 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 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 Dallas
Bank of Stokes County
Citizens Bank
Bank of Denton
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.
Garysbui'g, 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.
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.
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.
Knightdale, 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
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 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 Knightdale
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.
Bank of Manteo
Marion, N. C.
Merchants & Farmers Bank
Mars Hill, N. C.
Bank of Mars Hill
Marshall, N. C.
Bank of French Broad
Marshall, N. C.
Citizens Bank
Marshville, N. C.
Bank of Marshville
Marshville, N. C.
Mutual Bank & Trust Co.
Mayodan, N. C.
Bank of Mayodan
Maysville, N. C.
Maysville Banking & Trust Co.
Micro, N. C.
Citizens Bank
Middlesex, N. C.
Middlesex Banking Co.
Midland, N. C.
Bank of Midland
Mocksville, N. C.
Bank of Davie
Mocksville, N. C.
Merchants & Farmers Bank
Monroe, N. C.
Farmers & Merchants Bank
Mooresboro, N. C.
Bank of Mooresboro
Mount Holly, N. C.
Central Bank & Trust Co.
Mount Holly, N. C.
Mount Holly Bank
Newland, N. C.
Avery County Bank
New London, N. C.
Peoples Bank & Trust Co.
Newport, N. C.
Bank of Newport
Newton, N. C.
Farmers & Merchants Bank
Norlina, N. C .
Bank of Warren
Northwilkesboro, N. C. Bank of Northwilkesboro
Norwood, N. C.
Bank of Norwood
Old Fort, N. C.
Bank of Old Fort
Oriental, N. C.
Bank of Pamlico
Parkton, N. C.
Bank of Parkton
Parmele, N, C.
Parmele Bank & Trust Co.
Pilot Mountain, N. C. Farmers Bank
Pinehurst, N. C.
Bank of Pinehurst
Pine Level, N. C.
Bank of Pine Level
Pittsboro, N. C.
Bank of Pittsboro
Pittsboro, N. C,
Farmers Bank
Plymouth, N. C.
Bank of Plymouth
Plymouth, N. C.
Washington County Bank
Potecasi, N. C.
Bank of Potecasi
Powellsville, N. C.
Powellsville Bank
Princeton, N. C.
Merchants & Farmers Bank
Proctorville, N. C.
Bank of Proctorville
Raeford, N. C.
Bank of Hoke
Raeford, N. C.
Bank of Raeford
Ramseur, N. C.
Bank of Ramseur
Randleman, N. C.
Peoples Bank
Richfield, N. C.
Peoples Bank & Trust Co.
Richlands, N. G
.
Citizens Bank
Rich Square, N. G.
Bank of Rich Square
Rockwell, N. C.
Bank of Rockwell
Bank of Roper
Roper, N. C.
Bank of Roseboro
Roseboro, N. C.
Coharie Bank of Roseboro
Roseboro, N. C.
Bank of Rose Hill
Rose Hill, N. C.

Roxobel. N. C.
Bank of Roxobel
Roanoke-Chowan Bank
Roxobel, N. C.
Salemburg, N. C.
Bank of Salemburg
Saluda, N. C.
Bank of Saluda
Saluda, N. C.
Carolina State Bank
Banking Loan & Trust Co.
Sanford, N. C.
Seagroves, N. C.
Bank of Seagroves
Severn, N. C.
Bank of Severn
Citizens Bank
Shallotte, N. C.
Siler City Loan & Trust Co.
Siler City, N. C.
Chatham Bank
Siler City, N. C.
Sparta, N. C.
Bank of Sparta
Spruce Pine, N. C.
Bank of Spruce Pine
Farmers & Merchants Bank
Stanley, N. C.
Stem, N. C.
Bank of Stem
Stokes, N. C.
Planters Bank
Stokesdale, N. C.
Stokesdale Commercial Bank
Stoneville, N. C.
Bank of Stoneville
Stoneville, N. C.
Farmers & Merchants Bank
Stony Point, N. C.
Bank of Stony Point
Sylva, N. C.
Tuckaseigee Bank
Sylva, N. C.
Jackson County Bank
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.
Bank of Montgomery
Troy, N. C.
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
Wake Forest, N. C.
Bank of Wake
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 Banking & Trust Co.
Waxhaw, N. C.
Weldon, N. C.
Weldon Bank & Trust Co.
Bank of Whiteville
Whiteville, N. C.
Bank of Columbus
Wliiteville, N. C.
Bank of Wilkes
Wilkesboro. N. C.
Farmers & Merchants Bank
Williamston, N. C.
Martin Co. Savings & Trust Co.
Williamston, N. C.
Bank of Winterville
Winterville, N. C.
Bank of Winton
Winton, N. C.
Merchants & Farmers Bank
Winton, N. C.
Farmers Bank
Woodland, N. C.
Bank of Yancey ville
Yanceyville, N. C.

The following banks have not become parties to the suit, nevertheless
intention to take advantage of the law by refusing to remit at par in exchange,
checks presented to them by our agents. We, therefore, cannot handle checks
such check must necessarily be returned by us with a notice of dishonor after
Auburn, N. C.
Pilot Mountain, N. C.
Pineville, N. C.
Pinnacle, N. C.

Auburn Banking Co.
Bank of Pilot Mountain
Pineville Loan & Savings Bank
Bank of Pinnacle

Pollocksville, N. C.
Southport, N. C.
Taylorsville, N. C.
Thomasville, N. C.

they have signified to us their
and refusing to pay in money,
drawn upon these banks. E very
presentation.
Pollocksville Banking & Trust Co.
Bank of Southport
Merchants & Farmers Bank
Peoples Bank

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