The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF CHICAGO
79
OFFICERS
WEST
MONROE
STREET
•
DIRECTORS
C . H . BOSWORTH
JAMES B . Ml: DOUGAL GOVERNOR
C.R. Mc;:KAY
DEPUTY GOVERNOR
W . F. MC:'LALLEN
SECRETARY
B . G. Ml:-'CLOUO CASHIER
W. F.MC:LALLEN
CHAIRMAN AND ~EDERAL RESERVE AGENT
OEPUTV FEDERAL RESERVE AGENT
J.B. FORGAN , CHICAGO , ILLINOIS
M.B . HUTCHISON. O TTUMWA ,10WA
G. M. A EVN O LO S,CHICAGO, ILLI NOi S
E . L.JOHNSON ,WATE RLOO, 10WA
A . H . VOGEL , MlLWAUKEE , WISCONSIN
E . T . MEREDITH , DES MOINES.IOWA
H . B. JOY , DETROIT, MJCHlGAN
:i3ull et in Ho . 35.
September 15, 1915.
TO MEMBER BAN'".rCS OF DISTRIC~ NUMBER SEVEN : Comparison of Report s of Condit ion as submitted to the
Comptrolle1· of thfl Currenc~,, u ith om· Capi t2,.l Stoel~ Re co rd show t hat
a number of our member ba.111:s havo i nc roe.sod their capit a l or surplus ,
or botl-1, and hc.,ve not made apµ l i c at ion for add i t i o112.l c ap it a l stock
in this Federal Reserve Bank as re r{uirec. by l mv.
If you have i ~ a s ed or decreased your c apit al or surplus
s i nce your l as t stock a llotment, please advise us at once, and the
~)ro:oer ·blank ,;,-,ill be sent t o ;you.
In Bulletin No. 28 , under date of Mrrc~ 17th, 1915, you v~re
advis ed th2,t "In order t o obvi2,te ~he necessHy for dnily adj ustment of stock lec.ger accounts and the conse rruent confusio:;.1 v:hich results from continuous changes in the
st ock holdines of membe r banks occt.:l,siorieu by the increese or dec r e~se of the ir capi t ~l or surp lus , you
v:ill p lease f il e appl ic at io::is quarterly - tha t is on
the first day s of Januo,ry, April, ..ru1;,: 2.nC. October of
ec;3,ch year - in a n c a.sos whe r e cddi tional stocl{ is to
be is su ed. or part of the stock held is to be s urre ndered ."
Also tho,t
Na.t iono.1 banlrn v,hi ch have increased or f.ecreasecl their
surpl ns s ince tlie. lest report of ccncl:i.tion to the Uor.,ptroll e r of the Cu:~rency should send a ce:.:tific,:cte to that
effect to the Comptroller contemporaneous l y with filing
their 2pp licc.1t ion s Y1i th the TI'ede r :1,l Rescrv 12 BJ.nlr - this
in order that t he :;.·ecords of the Compt r ollor ' s office
may be i n accord. \7i th those of the Federal Res·erve Bo;:;.rd. 11
11
I f yoi..1 send in your app lic ati on 2.t once we \till ende2.vor to
:;:1ave it appro ved by the Pederc:1 Reserve Bo arc: so that you c an malce
p2.yment by Oct ober first ;:,,s requested in Bullet in :j/:28 .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
W. F. McLALLF.N
._ J)eputy Fedor2_l Rcsel"ve Agent,
@FedFRASER