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J , COMFIDEMTIAL L h t z * 'J oc-rn :-,i) [ BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM COMPILATION IS DERIVED LARGELY FROM SECONDARY SOURCES 0r+rihp> . n £ 1 Q c n NOT AN OFFICIAL REPORT OF CHANGES IN THE BANKING STRUCTURE. ' ^ CHANGES H STATUS OF BANKS AND BRANCHES AS REPORTED DURING SEPTEMBER 1950 Name and location of banks and "branches Class of bank Date of change New banks (except successions and conversions) Farmers & Stockmens Bank Phoenix, Ariz. Ins. nonmem. 9- 5-50 Bank of Laguna Beach Laguna Beach, Calif. Member 9-23-50 Arkansas Valley Bank Pueblo, Colo. (Admitted to membership on September 16, 1950, but did not open for business until September 18, 1950.) Member 9-18 50 Park National Bank Chicago, 111. National 9- 9-50 Bank of Morehouse Bastrop, La. Ins. nonmem. 8-21-50 Guaranty Bank Mamou, La. Ins. nonmem. 8- 1-50 Staplehurst State Bank Staplehurst, Nebr. Ins. nonmem. 8-15-50 Member 9-29-50 Consolidations, absorptions, Home Bank & Trust Co. Absorbed by — Stamford Trust Co. Darien, Conn. Stamford, Conn. Ins. nonmem. Park Street Trust Co. Hartford, Conn. Phoenix State Bank & Trust Co. Hartford, Conn. These two banks merged under charter and title of — Phoenix State Bank & Trust Co. Hartford, Conn. Ins. nonmem. Member Riverside Trust Co. Portland Trust Co. These two banks merged under charter and title of -Riverside Trust Co. Hartford, Conn. Portland, Conn. Ampere Bank & Trust Co. Absorbed by — Fidelity Union Trust Co. East Orange, N. J. Hartford, Conn. Newark, N. J. 9-18-50 Member Member Ins. nonmem. 9-29-50 Member. Member Member 9- 1-50 - 2 Name and location of banks and branches Class of bank Date of change Conso1 idations , absorptions, etc, (Cont'd) Bankers Trust Co. Lawyers Trust Co, These two banks merged under charter and title Bankers Trust Co. Citizens National Bank Absorbed by — Peoples City Bank New York, N. Y. New York, N. Y. Member Member New York, N. Y. Member Bentleyville, Pa. National McKeesport, Pa. 9-18-50 Member 9-18-50 Withdrawal of State bank from Federal Reserve Membership Miami Deposit Bank Yellow Springs, Ohio Insurance continued 9-11-50 Member 8- 5-50 Changes in name or location South Side Bk. of Bay Shore, N.Y. Name changed to — South Side Bank Bay Shore, N. Y. Branches established (excluding offices at military reservations but including banks converted into branches) Desert Bank Palm Springs Branch (De novo) Cathedral City, Calif. 456 N. Palm Canyon Drive Palm Springs, Calif. Citizens National Trust & Savings Bank South Gate Branch (De novo) Los Angeles, Calif. Zj.300 Tweedy Blvd. South Gate, Calif. Phoenix State Bank & Trust Co. Hartford, Conn. Park Street Office Park & Broad Streets (Formerly Park Street Trust Co.) Ins. nonmem. 9- 5-50 9-16-50 Member 9-18-50 Riverside Trust Co. Hartford, Conn. Portland Branch Portland, Conn. (Formerly Portland Trust Co.) 9-29-50 Fidelity Title & Trust Co. Eastside Office (De novo) Stamford, Conn. 850 Main Street Ins. nonmem. Stamford Trust Co. Home Bank Office (Formerly Home Bank & Trust Co.) Stamford, Conn. Darien, Conn. Ins. nonmem. 8-15-50 9-29-50 Name and location of banks $ncL branches Class of bank Date of change Branches established (Cont'd) (excluding offices at pilitary reservations but including banks converted idto branches) City Bank Detroit, Mich. Member . Michigan State Pair Grounds Branch Michigan State Fair Grounds (De novo; temporary branch open from September 1, 1950 to September 10, 1950.) 9- 1-50 Member Fidelity Union Trust Co. Ampere Office (Formerly Ampere Bank & Trust Co.) Newark, N. Y. East Orange, N. J. Trenton Banking Co. Ewing Branch (De novo) Trenton, N. J. Ins. nonmem. Pennington Road & North Olden Ave., Ewing Township State Bank of Albany Time Sales Department (De novo) Albany, N. Y. 527 Central Avenue 9- 1-50 8-21-50 Member 9-25-50 Bankers Trust Co. New York, N. Y. Ill Broadway Office Ill Broadway (Formerly Lawyers Trust Co.) Member Community Savings Bank Waring Road Office (De novo) Rochester, N. Y. 258 Waring Road Ins. nonmem. Bank of Mount Olive Calypso Branch (De novo) Mount Olive, N. C. Calypso, N. C. Ins. nonmem. Planters National Bank & Trust Co. Church Street Office (De novo) Rocky Mount, N. C. 133 North Church St. National First National Bank Springfield Branch (De novo) Eugene, Ore. 665 East Main Street Springfield, Ore. National Peoples City Bank McKeesport, Pa. Bentleyville Branch Bentleyville, Pa. (Formerly Citizens National Bank) 9-18-50 9-21-50 9- 5-50 9-29-50 9-16-50 9-18-50 - 4 Name and location of banks and branches Class of bank Date of change Branches established (Cont'd) (excluding offices at military reservations but including banks converted into branches) S Bank of Virginia Beach Bank-By-Auto Branch (De novo) Virginia Beach, Va. 31st St. & Pacific Ave. Ins. nonmem. 9-I8-5O Branches or offices established at military reservations (including "banking facilities" provided through arrangements made by Treasury Department) Bank of America, N.T. , S.A. Camp Cooke Facility San Francisco, Calif. Lompoc, Califs National Rapides Bank & Trust Co. Camp Polk Facility Alexandria, La. Camp Polk, La. Member 9-18-50 9-27-50 Branches acquired by absorption or purchase Bankers Trust Company Empire State Office Fourteenth Street Office 203 Montague St. Office Member New York, N. Y. 350 Fifth Avenue Manhattan, N. Y. 80 Eighth Avenue Manhattan, N. Y. 9-15-50 203 Montague Street Brooklyn, N. Y. (Formerly branches of Lawyers Trust Company, New York which was absorbed by Bankers Trust Co.) -Changes in name or location of branches Security-First National Bank Los Angeles, El Centro Branch El Centro, Changed from 492 Main Changed to 496 Main (This change is due to renumbering of street and does not represent a change in the actual location. Change was reported to the Federal Reserve Bank of San Francisco on August 31, 1950; the date oh which the change occurred was not reported.) Calif. Calif. Street Street Na Inglewood Branch Inglewood, Calif. Changed from 101 South Commercial Ave. Changed to 101 South La Brea Ave. (This change is due to renaming of street and does not represent a change in the actual location.) 9-15-50 - 5 Name and location of banks and branches Class of bank Date of change Changes in name or location of branches (Cont'd) American Trust Co. Mission-Ocean Avenue Branch Moved from Moved to North Berkeley Office Moved from Moved to San Francisco, Calif. 9-25-50 4648 Mission Street 4727 Mission Street 9.-18-50 Berkeley, Calif. 1799 Solano Avenue 1800 Solano Avenue S. A. San Francisco, Calif. Bank of America, N.T. Balboa Branch Balboa, Calif. 615 East Central Ave. Changed from Changed to 615 East Balboa Blvd. (This change is due to renaming of street and does not represent a change in actual location. Change was reported to the Federal Reserve Bank of San Francisco on September 12, 1950; the date on which the change occurred was not reported.) San Diego, Calif. Van Dyke - University Branch 4246 University Ave. Moved from 4444 University Ave. Moved to and renamed — University-Highland Branch 9-18-50 Crocker First National Bank Oakland Branch Moved from Moved to San Francisco, Calif. Oakland, Calif. 1226 Franklin Street 360 14th Street National Chemical Bank & Trust Co. Limited Branch Moved from Moved to New York, N. Y. Member County Trust Co. Hartsdale Office Moved from Moved to Member White Plains, N. Y. Hartsdale, N. Y. Station Plaza 232 East Hartsdale Ave. Old National Bank Rosalia Branch Moved from Spokane, Wash. Rosalia, Wash. N.W. Corner Whitman & 5th Streets S.W. Corner Whitman & 6th Streets Moved to 9-11-50 9- 1-50 405 East 42nd Street 4th Floor of Secretarial Building of the United Nations at East River Drive and 44th Street. 9-11-50 National 9- 5-50 - 6 - Name and location of banks and branches Class of bank Date of change Corrections The statement covering the month of July 1950 reported the South Kokomo Branch of the First National Bank, Kokomo, Indiana, as opening for business July 15, 1950. This branch did not open until August 31> 1950. The statement covering the month of June 1950 reported that the York Trust Company, York, Pennsylvania, opened a branch at Lincoln Way East, Springettsbury Township, Pennsylvania, to be known as Lincoln Way Branch. Advice has now been received that the name of this branch should be East Market Street Branch with post office address, 1765 E. Market Street, York, Pennsylvania.