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LI"7ARY RESEARCH DEPARTMENT CONFIDENTIAL APR 1 9 ) 9 4 7 NOfS OF THE FEDERAL RESERVI L.1+.5 IVED LARGELY FROM SECONDARY SOURCESTHIS COMPILATION IS DEE: NOT AN OFFICIAL REPORT OF CHANGES IN THE BANKING STRUCTURE? 1? ' igi ? CHANGES IN STATUS OF BANKS AND BRANCHES AS REPORTED DURING MARCH 19U? C l a s s of bank Date o f change I n s . nonmem. Uninsured I n s . nonmem. I n s , nonmem. Member 3-1-U7 3-5-U7 3 - 1 -hi 3-19-1+7 3-12-1+7 National 3-5-kl I n s • nonmem. Name and l o c a t i o n of b a n k s and b r a n c h e s 3-2U-U7 New banks' ( e x c e p t s u c c e s s i o n s and c o n v e r s i o n s ) B o i s e , Idaho C o n t i n e n t a l S t a t e Bank I d a h o F a l l s , Idaho Bank of T S a s t e r a I d a h o ' Swea C i t y , Iowa Swea C i t y S t a t e Bank V o l g a , Iowa Volga S t a t e Bank J e n n i n g s , La. J e f f Davis Bank & T r u s t Co. (Admitted t o membership on February 2 6 , 19U7, b u t d i d n o t open f o r b u s i n e s s u n t i l March 12, 19U?.) - ; Loving t o n N a t i o n a l Bank Loving t o n , N. Mex. S u c c e s s i o n s and c o n v e r s i o n s S e c u r i t y S t a t e Bank Converted to— S e c u r i t y F i r s t N a t i o n a l Bank Hugo, O k l a . National Hugo, O k l a . Voluntary liquidations ; ( e x c e p t i n c i d e n t to a b s o r p t i o n s , s u c c e s s i o n s , e t c . ) Cameron, Mo. M e c h a n i c s b u r g , Ohio F i r s t N a t i o n a l Bank C e n t r a l Bank ; National Uninsured 3-22-1+7 3-3-U7 I n s . nonmem. National 3-3-U7 C o n s o l i d a t i o n s , a b s o r p t i o n s , etc*. Farmers i-. Merchants S a v i n g s Bank C r o c k e r F i r s t N a t i o n a l Bank These two b a n k s c o n s o l i d a t e d under c h a r t e r and t i t l e o f - Crocker F i r s t N a t i o n a l Bank Oakland, C a l i f . San F r a n c i s c o , C a l i f . ; B o i s e T r u s t Co. Absorbed by— Idaho F i r s t N a t i o n a l Bank B o i s e , Idaho X 'armers & Merchants Bank Absorbed by— E a s t o n N a t i o n a l Bank of Maryland San F r a n c i s c o , C a l i f . B o i s e , Idaho E a s t o n , Md. Easton, Md. National I n s . nonmem. 3-10-1+7 Naitional I n s . nonmem. National 3-1-1+7 \. Name and l o c a t i o n of b a n k s and b r a n c h e s C l a s s of b a n k Date of change Consolidations, absorptions, e t c , - Cont'd Menotomy T r u s t Co. Absorbed by— H a r v a r d T r u s t Co. A r l i n g t o n , Mass. C h e l s e a T r u s t Co. Absorbed b y - N a t i o n a l Shawmut Bank C h e l s e a , Mass. M i d d l e s e x County N a t i o n a l Bank Maynard T r u s t Co. These two banks c o n s o l i d a t e d under c h a r t e r and t i t l e o f — M i d d l e s e x County N a t 1 1 Bank E v e r e t t , Mass. Maynard, Mass. C i t i z e n s & Farmers T r u s t Co. N o r t h e r n New York T r u s t Co. These two b a n k s c o n s o l i d a t e d u n d e r c h a r t e r and t i t l e o f - N o r t h e r n New York T r u s t Co, Adams, N. Y. Watertown, N. Y. Cambridge, Mass. B o s t o n , Mass. Member • 3-8-1+7 Member I n s , nonmem. 3-28-47 National National I n s . nonmem. 3-3-47 Member Member 3-24-47 E v e r e t t , Mass. Watertown, N. Y. P h i l a d e l p h i a , Pa. K e n s i n g t o n N a t i o n a l Bank Absorbed by— P e n n s y l v a n i a Co. f o r I n s u r a n c e s on L i v e s & G r a n t i n g A n n u i t i e s P h i l a d e l p h i a Pa. Germantown T r u s t Co. P h i l a d e l p h i a , Pa. P e n n s y l v a n i a Co. f o r I n s u r a n c e s on L i v e s & G r a n t i n g A n n u i t i e s P h i l a d e l p h i a , P a . These two banks c o n s o l i d a t e d under c h a r t e r of P e n n s y l v a n i a Co. f o r I n s u r a n c e s , on L i v e s & G r a n t i n g A n n u i t i e s and under t i t l e of— P e n n s y l v a n i a Company f o r Banking and T r u s t s P h i l a d e l p h i a , Pa. 3-17-47 Member I n s . nonmem. 3-31-47 Member Admissions of S t a t e Banks t o F e d e r a l R e s e r v e membership. F a r m e r ' s & Merchants S t a t e Bank o f Rush County Bank of S h e r i d a n C i t i z e n s Bank La C r o s s e , Kans. S h e r i d a n , Montana S a v a n n a h , Tenn, I n s . nonmem. I n s . nonmem. I n s . nonmem. I" t 3-31-47 3-14-47 3-31-47 I - 3 Name and l o c a t i o n of banks and branches Class of bank Date of change I n s . nonmem. 3-10-1+7 Changes i n name or l o c a t i o n Lake C i t y Bank & Trust Co. Name changed to— Lake C i t y S t a t e Bank Lake;City, Minn. First' N a t i o n a l Bank Name changed to— Kleberg F i r s t N a t i o n a l Bank Kinesville, Texas >22-1+7 Branches e s t a b l i s h e d ( e x c l u d i n g o f f i c e s a t m i l i t a r y r e s e r v a t i o n s but i n c l u d i n g banks converted i n t o branches) Bank of America, N. T. & S. A. Montobello Branch (De novo) So. San Mateo Branch (De novo) San F r a n c i s c o , C a l i f . National 602 West Whit'tier Blvd. Montobello, C a l i f . 138 - 25th Ave. San Mateo, C a l i f . 3-10-1+7 3-10-47 Crocker F i r s t N a t i o n a l Bank Oakland O f f i c e (Formerly Farmers & Merchants Savings Bank) San F r a n c i s c o , C a l i f . 1226 Franklin S t . Oakland, C a l i f . Idaho F i r s t N a t i o n a l Bank Boise Trust Branch (Formerly B o i s e Trust Co.) B o i s e , Idaho 815 Idaho S t r e e t 3-10-1+7. N a t i o n a l Bank & Trust Co. Western Avenue Branch (De novo) South Bond, I n d . I62I4. Western Avenue 3-29-1+7 Franklin Savings Bank Franklin S t r e e t Branch (De novo) B o s t o n , Mass. i+3 Franklin S t r e e t 3-10-1+7 N a t i o n a l Shawmt Bank . Chelsea Squrre Branch (Formerly Chelsea Trust Co.) Boston, Mass. 23b Broadway Chelsea,'Mass. Cambridge, Mass Harvard Trust Co. A r l i n g t o n , • Mass.* A r l i n g t o n Branch (Formerly Monotomy Trust Co.) National 3-3-1+7 National 3-28-1+7 5-8-1+7 4 Name and l o c a t i o n of b a n k s and b r a n c h e s C l a s s of b a n k Date of change Branches e s t a b l i s h e d - C o n t ' d (excluding o f f i c e s a t m i l i t a r y reservations but including banks converted i n t o b r a n c h e s ) M i d d l e s e x County N a t i o n a l Bank Maynard Branch ( F o r m e r l y Maynard T r u s t C o . ) E v e r e t t , Mass. 81 Main S t r e e t Maynard, Mass. 3-3-47 Newton N a t i o n a l Bank N e w t o n v i l l e Branch (De novo) Newton, Mass. 287 Walnut S t r e e t N e w t o n v i l l e , Mass. 3-31-47 Bloomfield Savings, I n s t i t u t i o n . B r o o k d a l e Branch (De novo) B l o o m f i e l d , N. J . 1296 Broed S t r e e t I n s . nonmem. 3-3-47 F i r s t P a t e r s o n N a t ' l Bank & Tr.Co. P a t e r s o n , N. J . Totowa O f f i c e U31 Union Avenue (De novo) National N o r t h S i d e S a v i n g s Bank Bainbridge Office (De'novo) New York, N. Y. 3125 B a i n b r i d g e Ave. I n s . nonmem. Washington I r v i n g T r u s t Co. 211 I r v i n g Ave. Branch (De novo) P o r t C h e s t e r , N. Y. 211 I r v i n g Ave. 3-5-47 3-24-47 3-8-47 Watertown, N. Y, N o r t h e r n New York T r u s t Co. Adams, N. Y. Citizens-Farmers Office ( F o r m e r l y C i t i z e n s & Farmers T r . C o . ) Commercial Bank Vernonic. Branch (De novo) Banks, Ore. V e r n o n i a , Ore. 3-24-47 I n s . nonmem. 3-17-47 P e n n s y l v a n i a Co, f o r I n s u r a n c e s P h i l a d e l p h i a , Pa. Me on L i v e s & G r a n t i n g A n n u i t i e s ' F r a n k f o r d & G i r a r d Aves. K e n s i n g t o n Branch (Formerly Kensington N a t ' l Bk.) P e n n s y l v a n i a Co. f o r Banking & Trusts . P h i l a d e l p h i a , Pa. Member Germantown Branch Che1ten & Germantown Aves. ( F o r m e r l y Germantown Tr. C o . ) Washington Mutual S a v i n g s Bank U n i v e r s i t y Branch (De novo) S e a t t l e , Wash. 1+501 Brooklyn Ave. 3-17-47 3-31-47 I n s . nonmem. 3-7-47 - 5 Name and l o c a t i o n of banks and b r a n c h e s C l a s s of bank Date of change Branches e s t a b l i s h e d - C o n t ' d (excluding o f f i c e s a t m i l i t a r y reservations b u t including banks c o n v e r t e d i n t o b r a n c h e s ) , S t a t e Bank of Genesee Depot Eagle O f f i c e (De novo) Genesee Depot, Wis. Eagle, M s . I n s . nonmem. Wauwatosa S t a t e Bank Elm Grove O f f i c e (De novo) Wauwatosa, Wis. Elm Grove, Wis. I n s . nonmem. 3-2I4.-I+7 ' 3-1-1+7 Branches a c q u i r e d by a b s o r p t i o n or purchase L i b e r t y Bank Trappe Branch (Formerly branch of Farmers & i'/'erchants Bank, E a s t o n , Md. , which wc.s a b s o r b e d by Easton N a t i o n a l Sank of Maryland, E a s t o n , Md.) E a s t o n , Md. Trappe, Md. P e n n s y l v a n i a Co. f o r Bkg. & T r s . P h i l a d e l p h i a , Pa. C h e s t n u t H i l l Branch 8527 Germantown Ave. Logan Branch5001 No. Broad S t . Pclham Branch 67I4.O GermcJbtown Ave. (Formerly branches of Germantown T r u s t C o . , which c o n s o l i d a t e d w i t h P e n n s y l v a n i a Co. f o r I n s u r a n c e s on Lives & G r a n t i n g A n n u i t i e s under t i t l e of— P e n n s y l v a n i a Co. f o r Banking& Trusts.) I n s . nonmem. 3-1-1+7 Member 3-31-1+7 3-31-1+7 3-31-1+7 Branches d i s c o n t i n u e d Farmers & Merchants Bank Fulton O f f i c e Rochester, Ind. F u l t o n , Ind. I n s . nonmem. S t a t e Bank of Ledyard Swea C i t y Branch Ledyard, Iowa Swea C i t y , Iowa I n s . nonmem. 3-22-47 3/1-1*7 Branches or o f f i c e s a t m i l i t a r y r e s e r v a t i o n s d i s c o n t i n u e d N a t i o n a l Bank of Washington Puget Sound Navy Yard Tacoma, Wash. Bremerton, Wash. National 3-28-47 ; - 6 - C l a s s of bank Name and l o c a t i o n o f b a n k s and b r a n c h e s Date of change Changes i n name or l o c a t i o n o f b r a n c h e s Bank of America, N. T. & 3 . A. F o r t o l a D i s t r i c t Branch • Moved f r o m Moved t o V a l l e j o - P o l k Branch Moved f r o m Moved t o and renamed— P o l k - G r e e n Branch G o l e t a Branch Moved f r o m Moved t o San F r a n c i s c o , C a l i f . National< 3-17-47 2501 San Bruno Ave. 2485 San Bruno Ave, 2-17-47 2226 P o l k S t . 2325 P o l k S t . . Goleta, C a l i f , S . E . c o r n e r C o a s t Highway & Orange Ave. H o i l i s t e r Ave. & Orange Ave. 3-25-47 Oakdale Branch. Moved f r o m Moved t o Oakdale, C a l i f . 700 F S t r e e t 62? F S t r e e t 3-10-47 Walnut Creek Branch Moved f r o m Moved t o - Walnut C r e e k , C a l i f . Main S t r e e t 1322 Main S t r e e t 3-22-47 F i d e l i t y T r u s t Co. Southern O f f i c e Moved from Moved t o B a l t i m o r e , Md. S e c u r i t y N a t i o n a l Bank F o r t C u s t e r Branch Moved f r o m B a t t l e C r e e k , Mich. Moved to • Member C h a r l e s & West S t s . 1118-1120 S o u t h C h a r l e s S t . 3-10-47 National Military Reservation, F o r t C u s t e r , Mich. P e r c y J o n e s G e n e r a l Hosp. B a t t l e C r e e k , Mich. 3-21-47 and renamed— P e r c y Jones G e n e r a l Hosp. Branch D o l l a r S a v i n g s Bank P a r k e h e s t e r Branch Moved from Moved t o New York, N. Y. I n s . nonmem. 74 Hugh J . G r a n t C i r c l e 1916 E a s t 1 7 7 t h S t . C l e v e l a n d , Ohio C e n t r a l N a t i o n a l Bank National L o r a i n - D e n i s o n Branch Moved f r o m 10034 L o r a i n Ave, Moved t o L o r a i n & West 1 1 7 t h S t . and renamed— Lorain-West 117th S t . Branch 3-3-47 3-31-47 7 Name and l o c a t i o n of b a n k s a n d b r a n c h e s C l a s s of b a n k Date of change Changes i n name o r l o c a t i o n of b r a n c h e s - C o n t ' d F i r s t N a t i o n a l Bank Salem Branch Moved f r o m Moved t o * Seaboard C i t i z e n s N a t ' l Bank C e n t e r Branch Moved f r o m Moved t o P o r t l a n d , Ore. Salem, Ore. 386 S t a t e S t r e e t 280 No. L i b e r t y S t . National N o r f o l k , Va, National 718 West 2 1 s t S t . 725 West 2 1 s t S t . c 3-2U-U7 3-15-1+7
