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Bulletin No. 31. FEDERAL RESERVE BANK OF CHICAGO 79 WEST MONROE STREET Chicago, June 10, 1915. TO THE MEMBER BANKS OF DISTRICT NUMBER SEVEN: The previous collection arrangements provided m Bulletins Nos. 17 and 20 are hereby cancelled. Effective June 15, 1915, the Federal Reserve Bank of Chicago will receive from its member banks whether or not they have joined the collection system checks and drafts on the following members and affiliated banks of the Chicago Clearing House Association for immediate credit at par: 2- 1 2- 3 2- 4 2- 5 2- 7 2- 8 2- 9 2-12 2-13 2-15 2-16 2-17 First National Bank Cont'l and Com'l National Bank. Merchants Loan and Trust Co. Corn Exchange National Bank. Hibernian Banking Association. Bank of Montreal. Union Trust Company. Fort Dearborn National Bank. National Bank of the Republic. Northern Trust Company. Illinois Trust & Savings Bank. Cont'l & Com'l Trust & Sav. Bank. 2- 18 2- 20 2- 22 2- 23 2- 24 2- 26 2- 27 2- 28 2- 29 2- 30 2- 59 2-103 2-147 State Bank of Chicago. Assistant Treasurer U.S. National City Bank of Chicago. Central Trust Co. of Illinois. First Trust and Savings Bank. Standard Trust & Savings Bank. Foreman Bros. Banking Company. Harris Trust & Savings Bank. People's Trust & Savings Bank. Federal Reserve Bank of Chicago. National Produce Bank. Drovers National Bank. Live Stock Exchange National Bank Checks and drafts on Federal Reserve Banks in Boston, New York, Philadelphia and St. Louis, not exceeding $10,000 in any one day, will he received for immediate credit at par. Where the aggregate of such items exceeds $10,000, the Federal Reserve Bank of Chicago reserves the right, at its option, to receive the same at the market rate for exchange. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Checks and drafts drawn on the seven other Federal Reserve Banks will be received "for collection" at par and will be credited to the account of the member bank dep~iting them, subject to fin.al payment, in accordance with the following time schedule:Federal Reserve Bank of Cleveland ........... . ....... . . ........... . 1 day after receipt Federal Reserve Bank of Minneapolis ........... .... .. ... ....... . .. . 1 day after receipt Federal Reserve Bank of Kansas City . . ... ..... ......... .... ..... . . 1 day after receipt Federal Reserve Bank of Richmond ..... . .... . . . ....... . . ....... .. . 2 days after receipt Federal Reserve Bank of Atlanta ..... .. ..... ... .. ... .. .. ...... ... .. 2 days after receipt Federal Reserve Bank of Dallas .. .... ..... . .. . . ........ ..... .. .. ... 2 days after receipt Federal Reserve Bank of San Francisco . ...... ......... . .... . ... .. . . 4 days after receipt The above mentioned facilities are at the disposal of all member banks of District No. 7. INTRA-DISTRICT COLLECTION SYSTEM The following additional facilities are offered only to banks which have joined the collection system. Effective June 14, 1915, the banks that have joined the collection system may send the Federal Reserve Bank of ChicagoFor immediate credit at par checks and drafts on the banks whose names appear on th.e attached list, and (a) For immediate credit at par checks and drafts on members of the Federal Reserve System in Boston, New York, Philadelphia and St. Louis, not exceeding $10,000 in any one day. When the aggregate of ·such items exceeds $10,000, the Federal Reserve Bank of Chieago reserves the right, at its option, to receive the same at the market rate for exchange. (b) Notification of changes, if any, m the list of members of the Qollection system will be sent out on the first and fifteenth days of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Very respectfully, JAMES B . M c D OUGAL Governor. L~ST O F BANKS WHICH HAVE JOINED THE COLLECTION SYSTEM OF THE FEDERAL RESERVE BANK OF CHICAGO JUNE 10, 1915 Alpena, Mich .. .. . .. . .... ... .... . .... Alpena National Bank .. . .. ... .. . .. . . . . . . 74-122 Anderson, Ind . . .. .. . .... .. . . . ... .. .. National Exchange Bank .. . . ... . . . . .. ... 71-72 Armstrong, Iowa . . ...... ..... . ... .... First National Bank .. .. . ... . . . . . ..... . .. 72-905 Auror Ind .. ... .... . . .. ... lJ,. .•...f 1' ., .. ]first National Bank . . .. .. . .. . . .... . .... . 71-374 I ~Jf , Bloomington, Ill . . .. . . . .. ... ... .... . . State National Bank . .... . . . . . . . ....... . 70-105 Boswell, Ind .. . . ..... . . .. . .... . . . . . . . First National Bank . .. . . ~ .. . .. . . .... ... . 71-620 Brazil, Ind ... .. .. . ... . ... . . ... .. .. . . Riddall National Bank .... . .. . .. . . . .. . .. . 71-222 Brookville, Ind. . . . ..... . .. •. . . . .. . ... National Brookville Bank . .. . . ...... . .. .. 71-463 Burlington, Iowa .. .. ..... .. ... .. ..... Merchants National Bank . . . .. ... . ... . .. . 72--54 Chicago, Ill . . .. .. ... .. .. .. . . ... . .. .. Calumet National Bank. . . . . . . . . . . . . . . . . . 2--105 Chicago, Ill . .. .... ..... .. .... . .. . .... Central Trust Company of Illinois ........ 2-23 Chicago, Ill . .... ... .. .. .... .. . .. . .... Continental & Commarcial National Bank.. 2--3 Chicago, Ill ... .. .. . . . ... . . .. ..... .... Corn Exchange National Bank. . . . . . . . . . . 2-5 Chicago, Ill . ... .. . . .. ... . . . .. . .. . .. . . Drovers National Bank. . . . . . . . . . . . . . . . . . 2-103 'Chicago, Ill . .. . . .. .... . . . .... ... . .. . . First National Bank .. . ..... ....... . .. .. . 2-1 Chicago, Ill . .. .... . . . . . .. . .. . .. . .. . .. First N ati.onal Bank of Englewood . . . . . . . . 2-109 Chicago, Ill .. . , . ... . . .. .... . . .. . .. . . . Fort Dearborn National Bank. . . . . . . . . . . . 2--12 Chicago, Ill . .. . . . . ...... . . . .. . . .. .... Live Stock Exchange National Bank . . . . .. 2-147 Chicago, Ill . . ... . . . .. . .. . . . . . . . . .... . National Bank of the Republic. . . . . . . . . . . 2-13 Chicago, Ill . .. ... . . .... .... . . . . ..... . National City Bank. . . . . . . . . . . . . . . . . . . . . 2-22 Chicago, Ill .. . . . . . . . . .. . . ..... ..... .. National Produce Bank .. ...... . .... . .. . . 2--59 Chicago, Ill ... . .. .. .. . .... ....... . . . . Ravenswood National Bank . . . ... .. .. . .. . 2--206 Chicago, Ill ... . .. .. . . . . . .. . . . ... . . .. . Washington Park National Bank . ..... . . .. 2--144 Clarion, Iowa .. .. . .. . .. . .. . . ... ... . .. First Nat ional Bank .. . ........ .. . . ... . .. 72- 377 Clifton, Ill ....... . ... ..... . ..... . . ... First National Bank . . . ....... .. ... .. .. . . 70-1013 Clinton, Iowa .. . ... .. . . .. . .. . . . . ..... Merchants National Bank ............... . 72--47 Columbia City, Ind . .... . . ... .... ..... First National Bank .. .. . . .. .. . . .. . ... . .. 71-405 Connersville, Ind ... . .. .. . .. ....... ... First National Bank ...... . .... .. .... . . . . 71-268 Corning, Iowa . .. . . . ... . .. . . . . .. . .... Farmers National Bank . .. . .. .. . .. .. . . ... 72--445 Covington, Ind ..... . .... ... . . . . .. ... . First National Bank . ....... . ......... .. . 71-485 De Land, Ill . . ...... .. . .. . . . .. . . . . ... First National Bank . .. . ... .. . .. ..... . . .. 70-1059 Detroit, Mich . . . ... .. . . .. . . ... . .. . . .. First and Old Detroit National Bank . . . . .. 9-1 Detroit, Mich .. ... . . .... . .. . .. . . . . ... Merchants National Bank ...... . . . . ... . .. 9-27 Detroit, Mich ..... .. ... . . . ... . . . .. . . . National Bank of Commerce ... . . ..... . .. . 9-24 Divernon, Ill .. ... . .... ... . .. . . . . . . . . . First National Bank . .. . ....... ... . . .. .. . 70-1258 Estherville, Iowa ... . . . ... . . . ... .. . ... First National Bank ..... . . .. . ... .. . . ... . 72--261 Findlay, Ill .... .. . . ....... .. . . . . .. . . . First National Bank . ...... .. . . . . . .. . . . . . 70-1297 Ft. Wayne, Ind . . . . .. .. ... .. . ..... ... German-American National Bank ... . . .... 71-27 Galena, Ill ............ . .... .. . .. ..... Galena National Bank . ....... . .. . . . . . . .. 70-420 Gaha, Iowa . . . . . . .. . . ... . .... .. . . . . . First National Bank ... .... ..... .. . . ..... 72--1081 Gowrie, Iowa ............. . . . . . . .. .. . First National Bank . . . . ... . .... . . .. .... . 72- 722 Grand Rapids, Mich . ... . ..... . . . ... . . Grand Rapids National City Bank . . .. . ... 74-2 Greenwood, Ind .. . . .. .. . .. . .. .. . .. ... First National Bank ..... . ....... .. . . .. .. 71-520 Hammond, Ind .... . ...... . . . . . . . . . . . Citizens German National Bank .. . . .. .... 71-85 Hammond, Ind ... ... . .... .. . .... .... First National Bank .......... .. . .... .. . . 71-83 Harvey, Ill .. . ..... . .. .. . . . .. .. . .. . .. First National Bank ... . . . ........ ... . . .. 70-309 Independence, Iowa ..... . . . .... . ... . . First National Bank . .. . .. . . . . ... . ....... 72--257 Joliet, Ill . . .. . .. . . . . ..... .... . . .. . .. . First National Bank . .. . . . .. ... . . . ... . . .. 70-59 Joliet, Ill . .. . . .......... . ... .. ...... . Joliet National Bank . . . . . .. . . . . . . . . .... . 70-61 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis i I 'f .. 1 I Kalamazoo, Mich .... ... ....... .. . ... Kalamazoo National Bank . . ... . ...... . . . 74-45 Kansas, Ill .............. ... .. . . ..... Farmers National Bank ....... . .......... 70-885 Kenosha, Wis . . ... . .. . .......... . . .. . First National Bank ... . ......... .. ...... 79-6t3 Kirklin, Ind .. . .. . . ..... . . ... . . .. . . . . First National Bank ... . ..... . . .. . ... . ... 71- 794 Kokomo, Ind . .. ............ .... .. . . . Citizens National Bank ... . . . .... .. ... ... 71-139 Lafayette, Ind . ... ...... . .. . ..... .. .. Ivfercbants National Bank . . .. .. .. . ..... .. 71-99 Laporte, Ind .. . ... . .. . .. .. .. . . . . . .. . . First National Bank .. . ... .. .. ... .. . .. . .. 71-179 Lawrenceburg, Ind .. . ............ . . .. Dearborn National Bank ...... . ... . .. . ... 71-394 Lewistown, Ill ............ . . . . . . . . .. . Lewistown National Bank ........... . .. . . 70-602 Logansport, Ind . ... . .. . ..... . . . ... .. . First National Bank ... . ....... .. ... .. ... 71-125 Madison, Wis .. . ............. . . .. . .. . Bank of Wisconsin . . ..... .. .. . . .... . .. . . 79- 50 Mapleton, Iowa .... . . . . ...... ........ First National Bank ... .. .. . . . .. . . . ... . .. 72-1833 Martins'ville, Ind . .. . ... .. . . .. .. ... ... Citizens National Bank . . . . .. . ... , .. . .. .. 71-362 Mattoon, Ill .... . . . .. . . . .... . ..... ... National Bank of Mattoon . . . . .... .. ..... 70-207 Milford, Ill .... . .. . ......... . .. ...... First National Bank ...... . ......... ... .. 70-768 Milwaukee, Wis ............ .. .... . .. . First National Bank . . .... .. . ... . . . . . .... 12-2 Milwaukee, Wis ....... . . . ... . . ... . .. . National Exchange Bank .. ... .. .. ... . . . . 12-4 Milwaukee, Wis ... ... . ....... ...... . . Wisconsin National Bank . . . . . ....... ... . 12-7 Monroe, Wis .. .. .......... . ... .... . .. First National Bank . . ..... .. . .. . . . ..... . 79-206 Morenci, Mich .. . .. ... . . . . ... .. .. .. . . First National Bank .. .. ... . . .. .. ....... 74-396 Moweaqua, Ill ......... . . .. . . . .. . .. .. First National Bank . .. . ...... . ... .. ..... 70-720 Neoga, Ill ... .. ..... . .. . . . .. . . .... . .. Neoga National Bank .. . . .. ........... . . 70-847 Newman, Ill .. . ........ . ...... . . . . .. . Newman National Bank .. .... . ....... ... 70- 1491 N1ewton, Iowa . . ........... ... . . . ... . First National Bank .. . ...... . ... . .... .. . 72-209 Oconomowoc, Wis ............ . . . .... . First National Bank ... . . ... ... . .... . . . .. 79-243 Peoria, Ill . . . . .... . . .. .. . . . . . . .... .. . Central National Bank .. . ... . ........... 70-9 Peoria, Ill .. ..... . . . .... .... .... . . .. . Commercial German National Bank . . . .... 70-4 Peoria, Ill .. ................. . . ... . .. First National Bank . . ... .... . ...... . . . .. 70-1 Peru, Ind .. . ...... . . . ........ .. . . . .. First National Bank ...... . ... . .. . . . . . ... 71-172 Peterson, Iowa . . ....... . ........ . .. . . First National Bank ..... . ... . ...... . . . .. 72-988 Port Huron, Mich . . . . ......... ...... . First National Exchange Bank . .. . .. ... . . . 74-91 Reed City, Mich . . ..... .... . . ... .. ... First National Bank .. . . ....... . ... ... .. . 74-369 Renwick, Iowa .... . .... .- .. . .. .. .. . ... First National Bank . .. ... . . . .. ..... .. . . . 72-1071 Rio, Wis . . . .. . .. . . .......... . . . . .. .. First National Bank . ... . . . . ..... . ... . ... 79-394 Rockford, Ill ..... .. .................. Forest City National Bank ........ '. . .. . .. 70-44 Rockford, Ill .................. ... . . .. Third National Bank . .... ....... . . .. .. . . 70-40 Rockford, Ill .... . ... . . . . ... . . .. . .. ... Winnebago National Bank . . . .. .. . ....... 70- 39 Rushville, Ind .. . . . . ............ .. . . . Rush County National Bank . .. . . ...... . . 71-357 Rushville, Ind . . ... . .. . . . . . . . . . . ... . .. Rushville National Bank . .... . . . .... .. .. . 71- 356 Saginaw, Mich ............ . . .. .. .... . Second National Bank ... . . . . . . . ..... . ... 74-22 Shelbyville, Ind . .. .. .. . .... . . ... .. .. . Farmers National Bank . .. ... . . .. .. ... .. . . 71-203 Sioux City, Iowa ... . .............. . .. Continental National Bank .. . ... . . .... . .. 41-62 Sioux City, Iowa . ... . ... .. ........ .. . First National Bank .. . ..... . ........ . .. .41-5 Sioux City, Iowa .. . .. . . . . ..... . . . .. .. Northwestem National Bank .. . . .... .. .. .41-3 Steward, Ill . ...... . ... . ......... . .. . . First National Bank ......... . . . . ... . . . . . 70-1603 Sycamore, Ill .. . . ...... . .......... .. . Sycamore National Bank .............. . . 70-452 Tipton, Ind ........... . ...... . .. . .... Citizens National Bank .......... . . •.. . .. . 71-387 Valparaiso, Ind ... . .. . .. . ... . ... .. ... Valparaiso National Bank . ... . .. . ...... . . 71- 276 Vassar, Mich .. . ...... .. ... . ..... . ... Vassar National Bank ... . ..... . ..... . . . . 74-375 Villisca, Iowa .... . . ..... . ...... . .. .. . First National Bank ........ . .. . ......... 72-387 Warren, Ill . ... . . . . .. .. . ... . ... . .... . National Farmers Bank . . . . ... . ... .. . ... . 70-763 Waterloo, Iowa ...... . ........ . .... . . First National Bank . .. . ..... ........ .... 72-31 Watertown, Wis . ...... . .. . . . . .- ....... Wisconsin National Bank . . .. ... . . . . ·. .... 79-127 Waverly, Iowa ........ . .. . . ... .... . .. First National Bank ..................... 72-276 Webster City, Iowa ... . ...... . .. .. . . . . First National Bank ...... . ....... . ...... 72-166 Whitewater, Wis . ... ........ . ... . .... First National Bank . .. . . ... .. ... . . . . . ... 79-232 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis