Full text of Federal Reserve Bank of St. Louis Circulars : Memorandum for the Press : Bank Joins Federal Reserve System [German American Bank, Jasper, Indiana]

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UBRARY OF THE FEDEfoU’
RESFRVE BANK 0 r CLFYELMO
FEDERAL

RESERVE

BANK

OF

ST.

LOUIS

M e m o r a n d u m fo r th e P r e s s

F o r I m m e d ia t e R e l e a s e




J a n u a r y 18, 1955

B A N K JOINS F E D E R A L R E S E R V E S Y S T E M

T h e G e r m a n A m e r i c a n B a n k , J a s p e r , In d ia n a ,
b e c a m e a m e m b e r o f th e F e d e r a l R e s e r v e S y s t e m to d a y .
The new m e m b e r b a n k 's o f f ic e r s
E c k s te in , P r e s id e n t ; P . L . K ro d el, V ic e
O. L e o B e c k m a n , C a s h i e r , S e c r e t a r y a n d
H e r b e r t s . G rab em an , A s s is t a n t C a sh ie r ;
K n ies, A s s is t a n t C a s h ie r .

a r e : L o u i s J.
P r e sid en t;
T r u st O ffice r ;
A ndrew A .

T h e a d d it io n o f T h e G e r m a n A m e r i c a n B a n k
b r i n g s th e t o t a l o f m e m b e r b a n k s in the E ig h th F e d e r a l
R e s e r v e D i s t r i c t to 4 9 1 . T h e s e m e m b e r b a n k s h o ld 69
p e r c e n t o f th e to t a l d e p o s i t s o f a l l b a n k in g i n s t i t u t i o n s
in th e E ig h t h D i s t r i c t .