Full text of K.3 Changes in State Member Banks : April 23, 1960

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ANNOUNCEMENT BY
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

K.3
No. 15

For the week ended April 23, i960
CHANGES IN STATE BANK MEMBERSHIP

District

Date effective
Voluntary Withdrawal
Security State Bank, Sheldon, Iowa.

4-20-60

Conversion
The Beach Bank, Jacksonville Beach,
Florida, a State member, has converted into a national bank under
title of First National Beach Bank,
Jacksonville Beach.

4-19-60

Establishment of a State Member Branch
Merchants Trust & Savings Bank, Kenner,
Louisiana, established a branch at
Moisant International Airport Terminal.

4-4-60

CHANGES IN FOREIGN BANKING AND FINANCING CORPORATIONS
The Gallatin Company, Inc., 70 Broadway,
New York, a wholly owned subsidiary of
The Hanover Bank, New York, commenced
business as a corporation organized under
the laws of the State of New York and^eperating under agreement with the Board of
Governors pursuant to the provisions of
Section 25 of the Federal Reserve Act.
The Gallatin Company, Inc. was formed for
the purpose of purchasing and holding stock
of The Hanover Bank Trustee Company,
Limited, a trust company organized under
the laws of England.




4-13-60