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ANNOUNCEMENT BY

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BOARD OF GOVERNORS OF THE FEDERALjRffSERVE SYSTEM
For the two weeks ended June 3, 196l~
K.3
No. 19

CHANG3S IN STATE BANK MEMBERSHIP
Date Effective
Consolidations and Establishment of Branches
Egypt Schnecksville Bank, Egypt, Pennsylvania, a State
member, and The Merchants National Banl: of Allantoic, Allentoxm, Pennsylvania, consolidated under
charter and title of The Merchants National Bank of
Allentown. The former main office and branch of
Egypt ScnneclLsville Bank i i l be operated as branches
r.l
by the continuing bank.

5-29-61

The Peoples Banl: and Trust Company, Dayton, Ohio, a
State member, and The Merchants National Bank and
Trust Company of Dayton, Dayton, Ohio, consolidated
under charter of the latter and title of The National
Bank of Dayton. The former main office and branches
of The Peoples Banl; and Trust Company will be operated
as branches by the continuing bank.

6- 2-61

Establishment of State Member Branches
The Bank of New York, New York, established a branch
at 360 Park Avenue.

6- l-6l

The Louisville Trust Company, Louisville, Kentucky,
established a branch at 4000 Shelbyville Road, to
be known as St. Matthews Office.

6- l-6l

First State Bank of Taos, Taos, New Mexico, established
a branch in Red Rivery New Mexico, to be known as Red
River Branch. This is a seasonal branch and is authorized to operate from June 1st through September 15th
each year.

6-15-60

NATIONAL BANKS GRANTED ONE OR MORE TRUST POWERS
UNDER SECTION 11(k), FEDERAL RESERVE ACT
The Hamilton National Bank of Morristown, Morristown,
Tennessee.

5-29-61

7

First National Bank of Joliet, Joliet, Illinois.

5-29-61

11

The Carlsbad National Bank, Carlsbad, New Mexico.

6- l-6l

11

The First National Bank of Brownfield, Brownfield,

6- l-6l

.Texas.


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K.3
No. 19
Board Action on Application to Merge or Consolidate
Pursuant to the Provisions of Section 18(c) of the
Federal Deposit Insurance Act
Date of Action
Gloucester Safe Deposit and Trust Company, Gloucester,
Massachusetts, for permission to merge with The Cape
Ann National Bank of Gloucester, Gloucester, Massachusetts, under charter of the former and title of
Cape Ann Bank & Trust Company, and for permission to
operate a branch at the present location of The Cape
Ann National Bank. Approved.

$-31-61

Commonwealth Trust Company of Pittsburgh, Pittsburgh,
Pennsylvania, for permission to merge with Butler
Savings and Trust Company, Butler, Pennsylvania,
under charter and title of Commonwealth Trust
Company, and for permission to operate branches at
four of the present offices of Butler Savings and
Trust Company. Approved.

5-29-61

No Changes in Other Categories
Covered by This Release




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Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102