Full text of Minutes of the Board of Governors of the Federal Reserve System : Meeting Index, January to June 1932, Volume 19, Part 1

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

KEY TO INDEX

Branch Banks, Domestic, RBanks and
noreign, see Branch Banks
Clayton Apt Applications, see Interlocking Directorates
Directors of FRBanks and Branches,
see Directors
National Banks are listed -under heading National Banks
State Banks are listed under State
Member Banks, Nonmember Banks,
and Membership
Stock of 3BBanks and Member Banks,
see Stock.

INDEX
1

JANUARY - JUNE, 1932
sAn
Abrasion losses on shipments of gold from member banks to FRBank of
Kansas City to be absorbed by FRBank for
temporary period
Absorptions of banks: (See Consolidations)
Acceptances:
Bankers:
Procedure for handling those pledged with FRAgent at
Chicago, change in
Warehouse receipts issued by Lawrence Warehouse Co. as
security for, letter from attorneys of company
suggesting conference and reply
Cotton, financing for additional 90 day period by offering the
mill receipt as basis for warehouse acceptance
credit
Practices under FRAct, suggestion to Mr. Calkins that committee
be appointed to study procedure and possible
revision of regulations on
Messrs. Kenzel, McKay and Clerk appointed on committee
Sugar, drawn to finance the storage in warehouses in Utah,
eligibility for rediscount
Addresses:
Lichtenstein, Walter, made in Minneapolis, letter of Mr. Hamlin
on certain statements made in
Officers and employees of FRBanks on banking and credit, copies
to be furnished FRBoard
Adjusted service certificates:
Bill to provide for immediate payment of, letter for signature
of Secretary of Treasury opposing
Hearing before committee in connection with bills on, no
objection to Mr. Goldenweiser appearing in
personal capacity
Advertisements:
Albany State Bank, Albany, Ore., to be requested to discontinue
use of phrase "Under Government Supervision"
newspapers
in
throughout United States, plan for series
FRBaaks
set out in letter from Mr. Shelley E. Tracy
Advisory Council: (See Federal Advisory Council)
Agencies, FRBank:
Havana:
Personnel classification plan, increase in salary range of
position "Clerk (Currency)"
Staff:
Alston, A. H., salary as Assistant Manager
Frazer, H. C., salary as Manager
Savannah:
Staff:
Bowden, J. H., salary as Manager
Goethe, James A., salary as Assistant Manager
Agricultural paper, notes used to finance storage of cherries are
eligible as, if used in orderly marketing



Pages

3/25 235

4/16 323

2/25 138

6/3

456

5/6
6/6

373
475

2/25 142

5/23 427
4/20 326

6/29

541

4/16 321

6/9

483

6/9

483

3/21 219
1/18

1/18

36
36

1/18
1/18

36
36

6/3

457

2

Pages

Amendments to FRAct: (See Legislation)
American Telephone and Telegraph Co., letter extending service on
additional wire recently installed until
terminated by thirty days written notice
Annual report for 1931, draft of text approved ani to be presented to
Speaker of House of Representatives and released
to press
Report of Secretary that it will be received from printer today
and plans for presentation and release
Assessment on FRBanks for expenses of FRBoard, resolution levying
Assistant FRAgents: (See FRAgents)
Associated Transamerica stockholders: (See Transamerica Corporation)
Austrian National Bank: (See Foreign banks)
Automobile finance companies, bill to amend FRAct to make notes
subject to discount, report for signature of
Secretary of Treasury opposing

2/11 101

6/6

473

6/15 498
6/23 510

6/29

540

112311

Baltimore Clearing House, letter on classification of deposit payable
in four months and subject to thirty days notice
of withdrawal
3/9
Bank for International Settlements:
Deposit made by MBank of New York with, advice of withdrawal of
$1,000,000 and further reductions to be made
3/23
Report of reduction in amount of $1,000,000
5/2
Further reduction of $1,000,000 in deposit reported
5/12
Report of further withdrawal of $1,000,000 from account
6/9
Reduction in interest rate being charged on central bank credit
to Reichsban1r because of reduction in discount
rate
3/23
copies
of addresses by officers and employees of
credit,
BPnIcing and
FRBanks to be furnished FRBoard
4/20
Corporation,
check drawn on Durham Loan and Trust Co. in
Banner Fuel
favor of, and collected by First National Bar*. of
Durham, now closed
6/15
Boise, Idaho, establishment of currency depot favored by FRBoard and
FRBank of San Francisco advised to work out safe
plan
1/22
Reply of FRBank of San Francisco that $500,000 is being sent to
Boise, request for details of arrangement
1/23
Telegram to Governor Calkins that there is no objection to plan
which has been made effective
1/27
Bond depreciation at State member banks, letter to 'RAgent at
Minneapolis on method of showing in examination
reports
1/15
Application of policy to banks applying for membership, reply to
FRBank of Richmond
3/9
Bonds:
Circulation, advice that no applications for sale were received
from national banks:
During quarter ending Dec. 31
1/15
During quarter ending March 31
4/6




178

230
362
386
478

230
326

497

57
60
68

17
178

16
280

3
Pages
Bonds: (Continued)
Government, practice of FRBank of Cleveland in taking as collateral
for borrowings of member banks at market price
instead of par value
2/25 140
(See also Government securities)
Liberty Loan, Fourth, held in Open Market Account, opinion they
should be exchanged for shorter maturities
4/25 345
Surety:
Bailey, Fred M., as Assistant FRAgent at Minneapolis
1/7
2
Evans, W. J., as Assistant FRAgent at Dallas
3/23 229
Hazard, L. S., as Alternate Acting Assistant FRAgent at
Helena Branch
3/25 235
Hibbard, A. T., as Acting FRAgent at Helena Branch
4/1
250
Johnson, R. G., as Acting Assistant FRAgent at Cincinnati
Branch
6/3
437
Noell, J. C., as Fiscal Agent of FRBoard
2/26 148
Nolte, W. H., as Acting Assistant FRAgent at Pittsburgh
Branch
6/3 437
Recknagel, W. C., as Assistant FRAgent at Detroit Branch
4/25 337
Schelling, Carl, as assistant to act for FRAgent at Chicago
5/23 417
Borrowings of member banks against Government securities, manner of
reporting by FRBank of San Francisco
6/13 491
Branch banking, new provisions of State laws with summary of
situation in all States to be published in
FRBulletin
6/13 492
Branch banks, domestic:
Arizona Bank of Phoenix, Ariz.:
Flagstaff, could not be retained by Valley Banir and Trust Co.
after consolidation
6/3 452
Valley Bank and Trust Co., Phoenix, Ariz., three branches closed
and business transferred but branch cannot be
transferred from one town to another
5/12 387
Branch banks, FRSystem:
Baltimore:
Directors: (See Directors)
Staff:
Cupit, John R., salary as Cashier
1/18 34
Johnston, John A., salary as Assistant Cashier
1/18 34
Leach, Hugh, salary as Managing Director
1/18
34
Wrightson, Prank W., salary as Assistant Cashier
1/18
34
Birmingham:
Directors: (See Directors)
Staff:
Knowlton, T. N., salary as Assistant Cashier
1/18
35
Urquhart, H. J., salary as Cashier
1/18
35
Walker, A. E., salary as Managing Director
1/18
35
Buffalo:
Directors: (See Directors)
Staff:
Blakeslee, C. L., salary as Assistant Cashier
1/18 32
O'Hara, R. M., salary as Managing Director
1/18
32
Snow, H. W., Jr., salary as Cashier
1/18 32
Wiltse, R. B., salary as Assistant Manager
1/18
32




Branch banks, FRSystem: (Continued)
Charlotte:
Directors: (See Directors)
Staff:
Cherry, Robert L., salary as Cashier
1/18
Clements, W. T., salary as Managing Director
1/18
Cincinnati:
Directors: (See Directors)
Staff:
Johnson, R. G., designated Assistant FRAgent for rest of
year
4/29
Bond of
6/3
Kennelly, Bruce, salary as Assistant Cashier
1/18
Lazar, B. J., salary as Cashier
1/18
McCombs, C. P., salary as Managing Director
1/18
Ott, Henry, salary as Assistant Cashier
1/18
Denver:
Directors: (See Directors)
Personnel classification plan, change creating new department
with new positions
6/13
Staff:
Brown, S. A,, salary as Cashier
1/18
Cronan, John A., salary as Assistant Cashier
1/18
Males, D. C., leave of absence on account of illness
extended through February
1/28
Additional leave on account of illness granted
4/5
Olson, Jos. E., salary as Managing Director
1/18
Detroit:
Directors: (See Directors)
Personnel classification plan:
Paying Teller Department, change creating new position
3/9
"Reconstruction Finance Corporation Custody Division",
creation of, with fifteen new positions
6/9
Staff:
Baskin, J. G., salary as Assistant Cashier
1/18
Billig, J. F., reappointed representative of FRAgent in
Discount Department
4/16
Bowen, F. L., salary as Assistant Auditor.
1/18
Cation, W. R., salary as Managing Director
1/18
Chalfont, H. J., salary as Cashier
1/18
Jarvis, G. T., salary as Assistant Cashier
1/18
Levin, Isadore, salary as Assistant Counsel
1/18
quandt, Edmund J., reappointed alternate representative
of FRAgent in Discount Department
4/16
Recknagel, W. C., appointment as Assistant FRAgent
4/16
Bond of
4/25
El Paso:
Directors: (See Directors)
Staff:
Hermann, J. L., salary as Managing Director
1/18
Sayles, Allen, salary as Cashier
1/18
PRBank of Atlanta:
Appointment of Assistant FRAgents to meet currency
requirments being considered
2/11




34
34

353
437
33
33
33
33

486
39
39
71
272
39

177
478
37
323
37
37
37
37
37
323
322
337

40
40

102

5
Pages
Branch banks, FRSystem: (Continued)
FRBank of Atlanta: (Continued)
Personnel classification plan, change creating "CustodianReconstruction Finance Corporation Department"
with new positions
Vacation periods of officers and employees submitted
Helena:
Bylaws, proposed amendment on quorum of Executive Committee
must be approved by iliBoard
Copy of revised requested
Amendments approved with exceptions noted
Directors: (See Directors)
Salaries of officers for 1932 approved
Staff:
Hazard, L. S., designated Alternate Acting Assistant
FRAgent
Bond of
Heinecke, Fred, redesignated Alternate Acting Assistant
FRAgent
Hibbard, A. T., designated Acting Assistant FRAgent
Bond of
Hoerr, Albert A., salary as Assistant Cashier
Salary as Cashier approved
Larson, C. J., salary as Assistant Cashier approved
Towle, Robert E., salary as Managing Director
Division of salary with Reconstruction Finance
Corporation while acting as Manager of Helena
Agency
No change in arrangement with Reconstruction Finance
Corporation for reimbursement for services
rendered to
Weir, Taylor B., retainer as Counsel
Zimmerman, Herbert L., salary as Cashier
Houston:
Directors: (See Directors)
Personnel classification plan, revision to discontinue three
positions, transfer eight positions, change
certain titles, etc.
Staff:
EeMoss, H. R., salary as Assistant Cashier
Gentry, W. D., salary as Managing Director
Mendel, C. B., salary as Cashier
Jacksonville:
Directors: (See Directors)
Staff:
Foster, Hugh, salary as Managing Director
Mahon, Mary E., salary as Assistant Cashier
Vardeman, Geo.S., Jr., salary as Cashier
Little Rock:
Directors: (See Directors)
Personnel classification plan, changes creating new position
and changing titles
Change to create new position approved




6/20
4/20

501
327

3/3
168
4/11 303
6/13 490
1/22

53

3/22 227
3/25 235
3/22
3/22
4/1
1/22
5/16
5/16
1/22

228
227
250
53
393
393
53

4/25 338

6/29 537
1/22
53
1/22 53

4/8

289

1/18
1/18
1/18

40
40
40

1/18
1/18
1/18

35
35
35

2/15 109
5/26 428

6
Branch banks, FRSystam: (Continued)
Little Rock: (Continued)
Staff:
Bailey, A. F., salary as Managing Director
Long, M. H., salary as Cashier
Wood, C., salary as Assistant Cashier
Los Angeles:
Directors: (Sae Directors)
Staff:
Ambrose, W. N., salary as Managing Director
Assistant FRAgent, apoointment of acting suggested in
connection with margin fixed for FFCBank in
pledging Government securities against FRnotes
Bold, F. C., salary as Assistant Cashier
McRitchie, M., salary as Assistant Manager
Meyer, L. C., salary as Assistant Cashier
Louisville:
Bylaws:
Amendment to change time of regular meeting of board of
directors
Amendment approved
Amendment to change time of closing on Saturdays
approved
Directors; (See Directors)
Interdistrict time schedule, change to Birmingham approved
Personnel classification plan;
Custody Department changes approved
New position of clerk in custody department created
Reconstruction Finance Corporation, changes creating new
positions for work of
Transit Department, discontinuance of positions in, and
other changes
Staff:
Jenks, S. B., salary as Assistant Cashier
Moore, John T., salary as Managing Director
Moore, Lee A., salary as Assistant Agditor
Schacht, C. A-, salary as Cashier
Memnhis:
Directors: (See Directors)
Personnel classification plan, change creating position of
"Clerk" in Collateral and Custody and Fiscal
Agency Department
Recommendation of examiners that more detailed information
be obtained regarding borrowers assets and
operations than is now shown on analyses cards
Reply to comments from FRAgent and present practices to
be continued until circumstances warrant changes
Staff;
Belcher, S. K., salPry as Cashier
Glasgow, W. H., salary as Managing Director
Martin, C. E., salary as Assistant Cashier
Nashville:
Directors: (See Directors)




Pages

1/18
1/18
1/18

38
38
38

1/18

41

5/9
378
1/18
41
1/18
41
1/18
41

1/19
3/15

47
200

4/16

313

4/4

269

2/11
94
6/9
478
3/21

219

4/13 308
1/18
1/18
1/18
1/18

38
38
38
38

4/1

250

3/17

212

4/16

321

1/18
1/18
1/18

38
38
38

Pages
Branch banks, FRSystem: (Continued)
Nashville: (Continued)
Staff:
Fort, Joel B., Jr., salary as Managing Director
1/18
36
Harrison, E. R., salary as Cashier
1/18
36
Starr, Leo W., salary as Assistant Cashier
1/18
36
New Orleans:
Assistant FRAgent if appointment is made, to be someone other
than employee of FRBank or branch
2/11 102
Directors: (See Directors)
Staff:
Black, Wm. H., salary as Cashier
1/18
35
Miller, Wm. E., salary as Assistant Auditor
1/18
35
Vasterling, F. C., salary as Assistant Cashier
1/18
35
Walker, James A., salary as Assistant Manager
1/18
35
Walker, Marcus, salary as Managing Director
1/18
35
Oklahoma City:
Directors: (See Directors)
Personnel classification plan, change creating new department
with new positions
6/13 486
Staff:
Daniel, C. E., salary as Managing Director
1/18
39
Mathes, R. L., salary as Assistant Cashier
1/18
39
Wunderlich, R. O., salary as Cashier
1/18
39
Omaha:
Directors: (See Directors)
Personnel classification plan, change creating new position
2/15 109
Change creating new position in Check Collection
Department
4/13 308
Change creating new department with new positions
6/13 486
Staff:
Cordill, 0. P., salary as Assistant Cashier
1/18
39
Earhart, L. H., salary as Managing Director
1/18
39
Gregory, G. A.., salary as Cashier
1/18
39
Phillips, Wm., salary as Assistant Cashier
1/18
39
Pittsburgh:
Directors: (See Directors)
Personnel classification plan, position of elevator operator
in building department created
1/7
2
Changes creating new positions in building department
1/15
15
Staff:
Brown, P. A.., salary as Assistant Cashier
1/18
34
Cobun, F. E., salary as Assistant Cashier
1/18
34
Griggs, Thomas C., salary as Cashier
1/18
34
Nevin, J. C., salary as Managing Director
1/18
34
Nolte, W. H., designated Assistant FRAgent for rest of
year
4/29 353
Bond of
6/3 437
Tax on motor fuels in Pennsylvania, use of form for
exemption from
4/5
277
Portland:
Directors: (See Directors)




8

Pages

Branch banks, FRSystem: (Continued)
Portland: (Continued)
Staff:
Blanchard, J. P., salary as Assistant Cashier
1/18
MacEachron, S. A.., salary as Assistant Manager
1/18
West, R. B., salary as Managing Director.
1/18
FRBank to be reimbursed by Reconstruction Finance
Corporation for services
4/1
Lake
City:
Salt
Directors: (See Directors)
Staff:
Craft, H. M., salary as As
Manager
1/18
Partner, W. L., salary as Managing Director
1/18
FRBank to be reimbursed by Reconstruction Finance
Corporation for services
4/1
Smoot, W. M., salary as Assistant Cashier
1/18
San Antonio:
Bylaws, proposed amendment to section on executive committee,
substitute suggested by iiiii3oard
6/9
Directors: (See Directors)
Staff:
Crump, M., salary as Managing Director
1/18
Davis, H. K., salary as Assistant Cashier ,
1/18
Eagle, W. E., salary as Cashier
1/18
Seattle:
Directors: (See Directors)
Staff:
Reif, G. W., salary as Assistant Cashier
1/18
Russell, B. A., salary as Assistant Manager
1/18
Shaw, C. R., salary as Managing Director
1/18
FRBank to be reimbursed by Reconstruction Finance
Corporation for services
4/1
Spokane:
Directors: (See Directors)
Staff:
Davis, D. L., salary as Managing Director
1/18
lxiJank to be reimbursed by Reconstruction 2inance
Corporation for services
4/1
Dumm, A. J., salary as Assistant Cashier
1/18
Leisner, J. M., salary as Assistant Manager
1/18
Branch banks, foreign:
Chase Bank:
Hongkong:
Copies of examination report to be forwarded when
received
4/20
Power to hold immovable properties as security for
obligations
2/25
Report of examination of
5/20
Paris, France, removal from 31 Avenue George V to 29 Avenue
George V approved
6/20
Shanghai, =pies of examination report sent to Chase Bank
2/25
Tientsin, copies of examination report forwarded to bank
4/20
National City Bank, New York:
Bombay, India, application to establish approved
4/29




41
41
41
252

41
41
252
41

481

40
40
40

41
41
41
252

41
252
41
41

327
132
408
502
131
327
351

9
Pages
Branch banks, foreign: (Continued)
National City Batik: Continued)
CTeneva, Switzerland, application to establish approved
Manila and Cebu, Philippine Islands, exercise of fiduciary
powers by
Branch, Group and Chain Banking: (See Committees)
Bratton, Senator S. G., letter on checks presented to drawee bank
and charged to account of drawer but not paid
because of failure of drawee bank
Buildings:
FRBank of Philadelphia, plans and sketches and estimate of cost
submitted. by Messrs. Hutt and Livingston
Permission to MBank to ask for bids and proposal accepted
to be submitted to FRBoard for approval
Purchase of "Record property" adjoining bank building',
approved
Bureau of the Census, bill to discontinue monthly collection of
certain industrial statistics by, opposed by
FRBoard
Bureau of Efficiency, organization chart of hiBoard prepared at
request of
Bylaws:
Branches of FRBanks, revision of standard form being considered
FRBank of Minneapolis, changes in, reply to letter from Mr.
Mosher on
Letter from FRAgent on amendments to, and additional changes
suggested by FRBoard, will be approved in
revised form
FRBank of St. Louis, amendment to provide for more than one
Deputy Governor
Helena Branch, proposed amendment on quorum of Executive
Committee must be approved by FRBoard
Copy of revised requested
24mendments approved with exceptions noted
Louisville Branch:
Amendment to change time of reollar meeting of board of
directors
Amendment approved
Amendment to change closing hour on Saturdays approved
San Antonio Branch, proposed amendment to section on executive
committee, substitute suggested by FR3oard

4/29 351
5/16

398

3/21

222

1/26

63

2/3

79

3/21

218

6/3

458

4/13 308
6/13 490
4/11 302

6/13 489
4/5

274

3/3 168
4/11 303
6/13 490

47
1/19
3/15 200
4/16 313
6/9

481

Cable, Congressman John L., extent of FRBanks onerations under
6/15 496
Glass-Steagall Act, reply to letter on
Campbell, Congressman Guy E., letter enclosing complaint on practice
of FRBank of Cleveland in taking United States
bonds as collateral for borrowings at nexknt
2/25 140
instead of par value
168
Canadian currency, letter to FRAgent at Minneapolis on redemption of 3/3
Capital stock: (See Stock, capital)




10
Cattaraugus-Allegheny-Bankers Association, letter on eligibility for
rediscount of paper the proceeds of which are
used for drilling of oil wells
Certificates of indebtedness of towns: (See Tax notes)
Chart, organization, of YEJoard prepared at request of United States
Bureau of Efficiency
Copy furnished to Chief Coordinator in reply to questionnaire
Checks, estimate of number drawn annually on all banks in United
States and proportion under $5.00, request of
Treasury Department
(See also Clearing and Collection)
Cherries, correspondence of FRBank of Cleveland with, Union Storage
Co. of Erie, Pa., on financing storage of, as
agricultural or commercial paper
Notes are eligible for rediscount as agricultural paper if used
for orderly marketing
Chief Coordinator, questionnaire on statistical activities of
FRBoard, reply to
Circulars:
:MBank of St. Louis on procedure in applying for advances under
Sec. 10(b) of YRAct, changes approved
ERBoard:
Addresses by officers and employees of /2Banks on banking
and credit, copies to be furnished FRBoard
Advances to member banks under Secs. 10(a) and 10(b) of
FRAct, procedure under:
Letter to Governors of FRBanks
Letter to be sent by FRBanks to member banks
Election of directors of FRBanks, letter to FRAgents on
procedure for mailing lists of candidates and
on dates for opening and closing of polls
FRnotes, Government securities as collateral for:
Procedure to be followed in pledging of
Proposed plan outlining conditions for pledging
Letter to FRBanks approved
Telegram authorizing each FRBank to offer and each
FRAgent to accept obligations of United States
as collateral security for FRnotes
Par list, outlining new procedure for publication of July
issue
Reserves of member bank deficient because of unsatisfactory
condition, discretion to be used in writing
letters to directors of banks
Senate Bill No. 3215, telegram to all Governors and FRAgents
for views on
Treasury Department No. 92, bills payable pledged by depositary
bank and accepted by FRBank of Dallas as
security for Government deposits under
Clayton Act applications: (See Interlocking directorates)
Clearing and collection:
Cashier's check of closed nonmember bank marked payable through
MBank of Richmond, letter from Rev. James
Waite on




Pages

6/6

470

4/13 308
6/9
484

4/29

355

4/16 320
6/3

457

6/9

484

3/21

221

4/20 326

3/10 190
3/10 192

5/20 414
4/29 355
4/29 356
5/2
359

5/6

367

6/3

454

6/3

452

1/26

67

5/2

364

6/13 491

11
Pages
Clearing and collection: (Continued)
Check drawn on Durham Loan anti Trust Co., in favor of Banner
Fuel Corporation and handled through FRBank of
Richmond and by First National Bank of Durham
which closed after effecting collection
Security
State Bank of San Juan, Texas, use of phrase
of
Checks
'Umber Federal Reserve', on, letter fram Mr.
Proctor
Checks presented to drawee bank and charged to account of drawer
but not paid because of failure of drawee bank,
letter from Senator Bratton with letter from
Floersheim Mercantile Co., Roy, N. Mex.
Interdistrict time schedule:
Louisville and Birmingham Branches, change approved
Minneapolis to New York and Helena, changes apnroved
Par list, to be issued in new form and letter to Governors on
submitting changes for future supplements
New procedure in connection with publication of July issue
Cold storage warehouse companies, eligibility of notes secured by
customers notes and warehouse receipts for
rediscount
Collateral accepted as security for advances under Secs. 10(a) and
10(b) of FRAct, manner of reporting and no
foreign securities to be accepted as
Collateral for FRnotes: (See FRnotes)
Commercial Credit Co., reply to letter on basis upon which FRBank
,factors,
' engaged
rediscounts paper of so-called '
principally in textile business
Reply to company with further reference to eligibility of paper
Cammittees:
Acceptance practices under FRAct, appointment suggested to study
procedure and possible revision of rulings and
regulations on
Messrs. Kenzel, McKay, and Clerk:appointed on
Banking and Currency of House and Senate: (See Legislation)
Branch, Group, and Chain Banking, expenditures to date and
probable future expenses, memo of Mr.
Goldenweiser and statement of Dr. Miller on
Business men and bankers to develop ways and means of making
use of funds made available by open market
program, telegram to FRBanks on appointment of
Appointment of:
FRBank of Atlanta
FRBank of Chicago
FRBank of Cleveland
FRBank of Dallas
FRBank of New York
FRBank of Philadelphia
FRBank of Richmond
MBank of St. Louis
FRBank of San Francisco
FRBoard:
Executive:
James, George R., appointed member for second quarter
Appointed member for third quarter



6/15 497

6/23 516

3/21 222
4/4
5/6

269
369

1/25 62
6/3 454

2/18 121

6/23 518

5/16 397
6/6
469

5/6
6/6

373
475

6/6

474

5/23 427
6/3
5/26
6/3
6/3
5/23
6/3
6/3
6/3
6/3

436
434
436
436
426
436
436
436
436

4/7
284
6/27 521

12

Pages

Committees: (Continued)
FRBoard: (Continued)
Executive: (Continued)
Magee, W. W., appointed member for third quarter
6/27
Miller, A. C., appointed member for second quarter
4/7
Legislation affecting FRSystem, reply to Governor Calkins on
appointment of representatives of FRBanks to
consider
4/25
Member Bank Reserves, expenditures of committee to date, memo of
Mr. Smead on
6/6
Condition reports:
Atlantic Corporation of Boston, request for report withheld
pending discontinuance of agreement with FRBoard 1/15
Bank of Dawson, Ga., request of United States Attorney at Macon
for certified copies of
2/11
Chase Bank, request for report as of Dec. 31
1/15
laWankm, elimination of esttrinte of free gold held by banks from
daily statement
3/1
First Federal Foreign Banking Corporation, request for report as
of Dec. 31
1/15
French American Banking Corporation, request for report as of
Dec. 31
1/15
International Acceptance Bank, Inc., request for report withheld
pending discontinuance of agreement with FRBoard 1/15
Advice to corporation of termination of agreement and
reports no longer required
2/11
International Banking Corporation, request for report as of Dec.
31
1/15
Member banks, reply to FRAgent at Atlanta on making available
to Reconstruction Finance Corporation
3/9
National banks, call as of Dec. 31, 1931
1/7
State member banks, call as of Dec. 31, 1931
1/7
Changes in form 105 to show assets pledged under repurchase
agreement and rediscount with Reconstruction
Finance Corporation
5/20
Weekly statement of FRBanks, manner of showing Government
securities as collateral for Rnotes
5/2
Conferences:
Governors:
Committee to consider legislation affecting PRSystem, no
objection to appointment of
4/25
inquiry of FRBank of Richmond on
discuss
Convened to
reductions in salaries of employees of FRBanks
5/17
procedure under Glass—Steagall Bill,
discuss
Meeting to
advisability of calling
2/18
Recommendations of:
Glass—Steagall Bill, resolution on preparation of
principles and procedure under
2/25
(See Open Market Policy Conference)
Policy:
Market
Open
Consolidations:
Albany State Bank, Albany, Ore., taking over of assets and
assuming liabilities of First Savings Bank of
Albany without approval of FRBoard
3/9
No action until after examination of merged institution
4/29




521
284

346
474

18
97
18
158
18
18
18
97
la
180
1
1

414
361

346
405
119

143

180
352

13
Pages
Consolidations: (Continued)
Anglo-California Trust Co., San Francisco, Calif., and Anglo
and London Paris National Bank, steps being
taken for, to be effective June 30
Atlantic Safe Deposit and Trust Co., Atlantic City, N. J.,
merger of Guarantee Trust Co., Marine Trust Co.,
and Neptune Trust Co., and title changed to
Guarantee Trust Co.
No objection to transaction
Bank of Statesboro, Ga., absorption of First National Bank of
Statesboro and purchase of Bank of Brooklet
Bank of Sturgeon Bay, Sturgeon Bay, Wis., assets taken over and
liabilities assumed of State Bank of Maplewood,
action deferred
Action on discontinuance of membership deferred until after
conference of bank with State Bank Commissioner
Bank of Woodburn, Ore., proposed merger of First National Bank
of Woodburn
Butte County Bank of Belle Fourche, S. Dak., to take over
business of Little Missouri Bank of Camp Crook
Capital National Bank of Lansing, Mich., assets taken over and
liabilities assumed of City National Bank
Carbon County Bank, Price, Utah, assets acquired and liabilities
assumed of Emery County Bank, Castle Dale, Utah
Citizens State Bank of Greenville, Texas, deposit liability of
First State Bank of Campbell assumed
Cleveland Trust Co., Cleveland, Ohio, assets of Midland Bank of
Cleveland acquired for liquidation and
liabilities assumed
Consideration deferred until after next examination
Coffman Dobson Bank and Trust Co., Chehalis, Wash., assets
acquired and liabilities assumed of First
National Bank of Chehalis, no action until after
next examination
Continental Bank and Trust Co., New York City, acquisition of
business of Industrial National Bank, action
deferred until after next examination
Dallas City Bank, Dallas, Ore., assets acquired and liabilities
assumed of Bank of Falls City
Equitable Trust Co., Atlantic City, IT. J., detailed information
on purchasing assets and assuming liabilities
of Pacific Avenue National Bank and of Chelsea
Safe Deposit and Trust Co.
Fidelity State Bank, Aurora, Nebr., absorption of Giltner State
Bank, Giltner, Nebr.
First Citizens Bank and Trust Co., Utica, N. Y., formed by
consolidation of First Bank and Trust Co„
Citizens Trust Co. and Utica Trust and Deposit
Co.
First National Bank, St. Louis, Mo., business of FranklinAmerican Trust Co. acquired
First National Bank of Scranton, Pa., liabilities of Dime BanlrLincoln Trust Go. assumed




6/13 488

1/22
56
447
6/3
2/18

122

1/15

21

4/1

258

1/26

64

3/26

243

4/1

257

5/9

380

1/7

5

2/25
4/1

136
260

4/16

318

1/7

4

5/20 409

2/5

87

6/23 513

4/1

258

1/22

54

2/11

99

14

Pages

Consolidations: (Continued)
First National Bank of Seattle, Wash., and 1:letropolitan National
Bank, permission to exercise fiduciary powers
granted to constituent national banks
6/6
Trust Bank of Whitman County, Colfax, Wash.,
Savings
and
First
assets taken over and liabilities assumed of
Colfax National Bank without approval
3/9
Information on transaction submitted and FRBoard to interpose
no objection
4/1
Gresham, Ore., proposed consolidation with
Bank,
State
First
Bank of Gresham, FRAgent to furnish report
1/18
Savings Bank, Harrisburg, Ill., assets acquired
and
Trust
First
and liabilities assumed of Equality State Bank,
Equality, Iii.
5/6
Guardian Trust Co., Cleveland, Ohio, assets acquired and
liabilities assumed of Ohio State Bank, action
deferred
4/11
HOEB State Bank for Savings, Grand Rapids, Mich., with Security
National Dank and American National Bank under
title of American Home Security Bank
5/23
Linden Trust Co., Linden, N. J., absorption of Linden National
Bank, final consideration deferred
4/2
Manchester Trust Co. of South Manchester, Conn., assets acquired
and liabilities assumed of commercial department
of Home Bank and Trust Co.
2/25
No objection to transaction
6/23
Manufacturers Trust Co., New York City, merger of Chatham Phenix
National Bank and Trust Co.
4/8
Monroe County Bank, Dundee, Mich., absorption of Dundee State
Savings Bank
5/20
Montclair Trust Co., Montclair, N. J., merger with Mountain
Trust Co., no objection to
4/11
Monticello State Bank, Monticello, Iowa, assets purchased and
liabilities assumed of Lovell State Bank
4/1
Information sdbmitted showing no change in character of
assets, no objection to transaction
4/16
National banks succeeding to trust powers through, should make
new application for permit in own name,
amendment to eliminate suggestion from
Regulation F proposed
5/26
New Jersey Title Guarantee and Trust Co., Jersey City, N. J.,
absorption of Bank of Lafayette and Ocean Avenue
Bank
4/25
Nyack:National Bank, Nyack, N. Y., business of Rockland County
Trust Co. acquired
3/17
Peoples Bank and Trust Co., Passaic, N. J., merger of American
Trust Co., City Trust Co., and Lincoln National
Bank, action deferred
5/9
Policy of FEBoard to defer action until consolidations are
effected and complete information has been
obtained
3/9
Ridgefield Park Trust Co., Ridgefield Park, N. J., merger of
Overpeck Trust Co. under title of Ridgefield
Park-Overpeck Trust Co.
6/3




469

160
259
29

371

302

422
266

136
512
292
409
301
257
318

432

343
207

379

181

446

15
Pages
Consolidations: (Continued)
Security Trust Co., Lynn, Mass., assets purchased and liabilities
3/3
assumed of Sagamore Trust Co.
Peru
liabilities
of
deposit
Bank,
Peru,
Ill.,
State National
1/22
National Bank assumed
Sundance State Bank, Sundance, Wyoming:
Assets taken over and liabilities assumed of American State
2/11
Bank, Moorcroft, Wyo., action deferred
Hulett
Hulett,
State Bank,
Condition weakened in acquiring
6/20
Wyo., but action deferred
Terre Haute Trust Co., Terre Haute, Ind., assets acquired and
3/23
liabilities assumed of Twelve Points State Bank
Letter from Assistant FRAgent Young on condition of member
4/20
bank, no action until after next examination
United States Trust Co., Boston, Mass., purchase of assets and
liabilities assumed of Bank of Commerce and
2/15
Trust Co.
Valley Bank and Trust Co., Phoenix, Ariz., reply to query whether
bank could consolidate and retain branches of
6/3
Arizona Bank of Phoenix
Wayne County Savings Bank, Honesdale, Pa., assets acquired and
liabilities assumed of Waymart State Bank,
Waymart, Pa., no action until after next
5/23
examination
Wilkes-Barre Deposit and Savings Bank, Wilkes-Barre, Pa., assets
acquired and liabilities assumed of North End
5/9
State Bank
Union
liabilities
of
Wilkes-Barre,
Pa.,
Wyoming National Bank,
2/11
Savings Bank and Trust Co. assumed
Contributions:
FRBank of Kansas City to Chamber of Commerce for program of
4/5
industrial expansion approved
Cooperative Central Bank, not considered as bank within meaning of
5/6
FRAct
Cotton, financing by acceptance for additional 90 day period,
offering mill receipt as basis for warehouse
6/3
acceptance credit, reply to Mr. Paddock on
Counsel, General, memoranda of:
Application by receiver of national bank for surrender of FRBank
stock, certified copy of commission not necessary 1/7
Branch banking, new provisions of State laws with summary of
situation in all States to be published in
FRBulletin
6/13
Public 138, authorizing use of debentures of Federal Intermediate
Credit Banks as security for member banks fifteen
day notes to be published in FRBulletin
6/3
Credit conditions in United States for April, review of month for
May FRDulletin released to press
5/9
Credits to foreign banks: (See Foreign banks)
Currency depots:
Boise, Idaho, establishment favored by FRBoard and FRBank of San
Francisco advised to work out safe plan
1/22
Reply of FRBank that $500,000 is being sent to Boise, request
for details of arrangement
1/23



164
55

101
506
231
329

113

452

422

380
100

272
374

456

3

492

454
383

57
60

16

Pages

Currency depots: (Continued)
Boise, Idaho: (Continued)
Telegram to Governor Calkins that there is no objection to
plan which.has been made effective
Hartford, Conn., temporary establishment in Hartford National
Bank and Trust Co. and in Phoenix State Bank and
Trust Co.
Currency:
Canadian, letter to FRAgent at Minneapolis on redemption of
Emergency circulation, reply to Senator Walsh on S. 2675
providing for
FRnotes)
FRnotes: (See
Gold coin shipments to FRBank of Kansas City from member banks,
FRBank to absorb abrasion losses for temporary
period
Redemption of defaced notes, proposed legislation to afford
relief to holders
national
banks in Kansas by FRBank of Kansas City,
to
Shipments
information not to be furnished to State chairman
of anti-hoarding committee
Silver certificates may not lawfully be accepted as collateral
for FRnotes, reply to FRAgent at Chicago
Custody and collection of paper for Reconstruction Finance
Corporation, letter to FRBanks on arrangements

1/27

68

1/18

29

3/3

168

2/11

103

3/25

235

5/23 425

2/16

117

3/3

166

4/25 339

IIDII

Deposits:
Certificate of deposit payable in four months, letter from
Baltimore Clearing House on classification as
time or demand
Federal banks or banks with Federal Reserve membership, letter on
S. 3324 to insure those made in
Guaranty fund, reply to Mr. Lowman expressing opposition to bill
providing for establishment and maintenance of
Guaranty of, reply to Mr. Douglas opposing bill to establish
Federal Guaranty and Insurance Corporation to
protect bank depositors
Ttatual Savings Central Fund, Inc.", "Cooperative Central Banku,
etc., classification in computing reserves
bank in savings department of bank,
national
Trust funds of
necessity of pledging securities against
Depreciation on stocks and bonds at State member banks, letter to
FRAgent at Minneapolis on method of showing in
examination reports
Application of policy to banks applying for membership, reply to
FRBank of Richmond on
Dictaphone machine, authority to Division of Research and Statistics
to purchase
Directors:
First Federal Foreign Banking Corporation, certificate of
election of, number does not conform to number
provided for by articles of association
Advised to elect additional directors or amend articles of
association



3/9

178

3/10

189

3/9

182

4/8

293

5/6

374

2/25 128

1/15
3/9

17
178

6/23 510

4/20 333
5/9

382

17
Pages
Directors: (Continued)
First Federal Foreign Banking Corporation: (Continued)
No action until next annual meeting of stockholders
Member banks of FRBank of Minneapolis, pamphlet entitled "Bank
Directors, Their Legal and Moral
Responsibilities" to be sent to
Transamerica Corporation, contest for control of: (See
Transamerica Corporation)
Directors, PRBanks:
Election of, procedilre for, letter to all FRAgents on mailing
list of candidates to voting member banks and
on dates for opening and closing of polls
FBAgents: (See FRAgents)
FRBank of Philadelphia:
Sewall, Arthur, present at meeting of FRBoard to discuss
purchase of property adjoining bank building
ittiank of St. Louis:
Election of successor to Mr. Martin, May 19 set as date for
opening polls
Hitt, F. Guy, elected Class A for unexpired term of Mr.
Martin
Martin, John C., Class A, resignation must be submitted
because candidate for nomination as State
Treasurer of Illinois
Resignation accepted
FRBank of San Francisco:
Fees and allowances during current year approved
Directors, FRBranch Banks:
Baltimore Branch:
Leach, Hugh, salary as Managing Director approved
Phillips, Levi B., reappointed for three year term
Birmingham Branch:
Frye, J. H., reappointed for three year term
Walker, A. E., salary as Managing Director alyoroved
Buffalo Branch:
Ball, Raymond N., appointed for three year term
O'Hara, R. M., salary as Managing Director approved
Charlotte Branch:
Clements, W. T., salary as Managing Director approved
Wood, W. H., reappointed for three year term
Cincinnati Branch:
Lee, E. S., reappointed for three year term
McCombs, C. 2., salary as Managing Director approved
Denver Branch:
Farr, H. W., reappointed for three year term
Olson, Jos. E., salary as Managing Director approved
Detroit Branch:
Cation, W. R., salary as Managing Director approved
Gray, William J., advice of reappointment for three year
term
Reappointed for three year term
El Paso Branch:
Hermann, J. L., salary as Managing Director approved
Hurd, E. M., reappointed for three year term



5/26

433

2/5

86

5/20 414

3/21

213

4/8

289

6/9

478

3/23 232
4/8
289
1/22

52

1/18
2/1

34
73

2/1
1/18

74
35

2/1
1/18

73
32

1/18
2/1

34
73

2/1
1/18

73
33

2/1
1/18

74
39

1/18

37

1/25
2/1

61
74

1/18
2/1

40
74

18
Directors, FRBranch Banks: (Continued)
Helena Branch:
Marlow, T. A., reappointed for two year term
Towle, Robert E., salary as Managing Director approved
Division of salary with Reconstruction Finance
Corporation while acting as Manager of Helena
Agency
No change in arrangement with corporation for
reimbursement for service rendered to
Houston Branch:
Gentry, W. D., salary as Managing Director approved
Wilkins, J. A., reappointed for three year term
Jacksonville Branch:
Foster, Hugh, salary as Managing Director approved
Ware, G. G., reappointed for three year term
Little Rock Branch:
Bailey, A. F., salary as Managing Director approved
Nichol, Jo, reappointed for three year term
Los Angeles Branch:
Ambrose, A. M., salary as Managing Director aporoved
Belcher, F. J., Jr., reappointed for two year term
Louisville Branch:
Meetings, amendment to bylaws to change
Amendment approved
Moore, John T., salary as Managing Director approved
Reynolds, John T., reappointed for three year term
Memphis Branch:
Alderson, J. W., reappointed for three year term
Glasgow, W. H., salary as Managing Director approved
Nashville Branch:
Fort, Joel B., Jr., salary as Managing Director approved
Harle, Frank J., reappointed for three year term
New Orleans Branch:
Hecht, R. S., reappointed for three year term
Walker, Marcus, salary as Managing Director approved
Oklahoma City Branch:
Clinton, Lee, appointed for unexpired term
Daniel, C. E., salary as Managing Director approved
Holman, Ned, reappointed for three year term
Omaha Branch:
Earhart, L. H., salary as Managing Director approved
Marble, A. H., reappointed for three year term
Pittsburgh Branch:
Braun, A. E., reappointed for three year term
Nevin, J. C., salary as Managing Director approved
Portland Branch:
Ainsworth, J. C., reappointed for two year term
West, R. B., salary as Managing Director approved
FRBaak to be reimbursed by Reconstruction Finance
Corporation for services
Salt Lake City Branch:
Hemingway, H. E., reappointed for two year term
Partner, W. L., salary as Managing Director approved
FRBank to be reimbursed by Reconstraction Finance
Corporation for services



Pages

2/1
1/22

74
53

4/25 338
6/29

537

1/18
2/1

40
74

1/18
2/1

35
74

1/18
2/1

38
74

1/18

41
74

2/1

1/19 47
3/15 200
1/18
38
2/1
74
2/1
1/18

74
38

1/18
2/1

36
74

2/1
1/18

74
35

3/18 214
1/18
39
2/1
74
1/18
2/1

39
74

2/1

1/18

73
34

2/1
1/18

74
41

4/1

252

2/1
1/18

74
41

4/1

252

19
Pages
Directors, FRBranch Banks: (Continued)
San Antonio Branch:
Crump, M., salary as Managing Director approved
Napier, Walter P., reappointed for three year term
Seattle Branch:
Arnold, M. A,, reappointed for two year term
Shaw, C. R., salary as Managing Director approved
FRBank to be reimbursed by Reconstruction Finance
Corporation for services
Spokane Branch:
Davis, D. L., salary as Managing Director approved
FRBank to be reimbursed by Reconstruction Finance
Corporation for services
Twohy, D. W., reappointed for two year term
Discount rates: (See Rates)
Dividends:
FRBanks, payment for first six months of 1932, resolutions
approved
Texas Bank:and Trust Co., Brownsville, Texas, payment without
transfer to surplus as required by condition of
membership
Dollar, bill to restore and maintain the purchasing power of,
opposed by FRBoard
Duncan, E. A.: (See Commercial Credit Co.)

1/18
2/1

40
74

2/1
1/18

74
41

4/1

252

1/18

41

4/1
2/1

252
74

6/27 527

2/11
6/3

99
459

IlEfl

Earnings of FRBanks for first six months of 1932
Employees:
MBank's: (See FRBank of ---)
FRBoard: (See Staff of FRBoard)
Examinations:
Atlantic Corporation of Boston, Mass., assessment for expense
of examination of
FRBank of Atlanta, report submitted and letter to PRAgent on
exceptions listed and suggestions made by
examiners
FRBank of Dallas, letter to FRAgent on questions raised as
result of
Reply to letter from FRAgent which submitted report to
Directors by special committee of officers of
bank on adjustments and corrections made as
result of comments of examiners
FRBank of Kansas City and branches, report to be brought to
attention of directors and their comments and
findings to be reported to FRBoard
FRBank of Minneapolis, letter to FRAgent on exceptions to
FRBank of St. Louis, letter to FRAgent on action on
recommendations of examiners
Reply to comments from FRAgent and present practices to be
continued until circumstances warrant changes
FRBanks, Examiner in Charge directed to make at least one of
each FRBank during 1932




6/27 527

2/15 115

2/3

81

5/2

363

6/6

472

6/27 526
3/3
167
3/17 212
4/16 321
1/7

4

20

Pages

Examinations: (Continued)
First Federal Foreign Banking Corporation, cost of credit
investigation to be deposited with FRBank of
New York
1/18
Hongkong Branch of Chase Bank, copies of report to be forwarded
to bank when received
4/20
Copies of report transmitted to Chase Bank
5/20
Idaho State banks, method of examination by Banking Department
and form of information on State member banks
furnished to FRBank of San Francisco
1/7
Industrial Trust Co., Providence, R. I., simultaneous entry at
head office and all branches not to be required
but to cover as many as possible
3/3
International Acceptance Bank, Inc., New York, letter on cost of
examination and requested to deposit amount with
FRBank of New York
1/15
Agreement with FRBoard to be terminated and no further
examinations to be made because stock no longer
held by national banks
2/11
Maryland Trust Co. of Baltimore, Md., report showing carrying of
own stock through ownership of securities company 5/6
Post Office Square Securities Corporation, not to be made by
FRBoard and agreement terminated
3/3
Rahway Trust Co., Rahway, N. J., unsatisfactory condition
disclosed by analysis of report, measures for
correction of
5/12
Shanghai Branch of Chase Bank, copies of report to be sent to
Chase Bank
2/25
State member banks, list of those in each district not examined
in 1931, FRAgent to advise of arrangements for
examinations by himself or State authorities
2/11
State member banks in Boston District not examined during 1931,
arrangements marle for early examination
3/3
Tientsin Branch of Chase Bank, copies of report forwarded to bank 4/20
Examiners:
FRBank of Chicago:
Appointment of additional Examiner and Assistant Examiner to
be approved when recommended
6/6
FRBank of Philadelphia:
Soule, 'ailliam H., designated Senior Examiner
1/15
FRBank of San Francisco:
McBride, E. B., temporary designation for emergency
examinations in Salt Lake City territory
6/3
FRBoard:
Barker, C. S., designated .Assistant FRExaminer
3/1
Bobb, J. A.., designated Assistant FRExaminer
3/1
Brett, R. H., designated FRExaminer
3/1
Brown, W. G., designated Assistant FRExaminer
3/1
Chamberlin, R. B., designated Assistant FRExaminer
3/1
Comley, L. C., designated Assistant YEExaminer
3/1
Connell, J. J., designated Assistant FRExaminer
3/1
Cooke, R. W., designated Assistant FRExaminer
3/1
Dougal, W. D., designated Assistant FRExaminer
3/1
Drinnen, F. J., to continue in immediate charge of examining
force
1/15
Designated FRExaminer
3/1



29
327
408

5

165

17

97
370
166

388
131

103
165
327

465
16

437
159
159
159
159
159
159
159
159
159
22
159

21
Pages
(Continued)
Examiners:
FRBoard: (Continued)
159
3/1
English, J. P., designated Assistant FRExaminer
3/1
159
Farrell, E. A-, designated Assistant FRExaminer
3/1
159
Howard, T. P., designated Assistant FRExaminer
3/1
159
Koppang, H. O., designated Assistant FRExaminer
3/1
159
Leonard, R. P., designated FRExaminer
4/11 296
Mann, W. T., appointment and salary as Assistant FRExaminer
3/1
159
Myrick, L. S., designated Assistant FRExaminer
Paulger, Leo H., appointed Examiner and designated Chief of
1/7
6
Division of Examinations
Letter to FRAgents and Governors of FRBanks advising of
1/15
22
appointment
Granted leave of absence for three months while services
are required by Reconstruction Finance
5/2 359
Corporation
3/1
159
Ringen, G. M., designated Assistant FRExaminer
3/1
159
Siems, L. A. A., designated FRExaminer
Transferred from field force to Washington Office and
477
compensation adjusted
6/9
Troup, Fred W., appointment as Assistant FRExaminer
6/6
464
Wilkes, M. R., designated FRExaminer
3/1
159
Wishart, H. J., designated Assistant FRExaminer
3/1
159
National bank, salaries:
Abrahamson, Marshall
4/29 348
Beatty, Robert S.
3/10 188
4/1
250
Bina, James C.
3/10 188
Blanz, Wilfred H.
3/10 188
Bleakley, B. J.
5/12 385
Brogan, John C.
5/20 407
Clark, Lewis H.
3/10 188
Galvin, Edmund H.
3/10 188
Julius, Walter E.
3/10 188
Kellogg, Preston P.
4/29 347
Lewis, William H., Jr.
3/18 214
McLean, Roger A.
3/18 214
Nielson, George W.
5/20 407
4/29 348
North, Reynolds B.
4/29 347
Oyen, Finn
Rasmussen, Louis I.
3/10 188
Rees, Frank: A.
3/26 242
Shull, Sherman C.
3/18 214
Starkey, Gordon E.
3/18 214
Stroefer, Leon F.
4/29 348
Stronck, H. N., detailed to Interior Department to examine
banks in Virgin Islands
3/4
172
Voight, Howell B.
3/10 188
Wetzel, Adam
6/3
437
11F11

Farm lands, proposed amendment to Sec. 13 of FRAct to allow FRBanks to
make advances on notes secured by first liens on
improved, enactment opposed
4/20 333



22

Pages

Federal Advisory Council:
Bruce, Howard, appointed by FRBank of Richmond
2/1
Frost, J. H., reappointed by eieLiank of Dallas
2/1
House, J. .1.., reappointed, by FRBank of Cleveland
2/1
Lichtenstein, Walter, Executive Secretary, letter of Mr. Hamlin
on statements made in an address by
5/23
Loeb, Howard A.., payment by FRBank of Philadelphia of $100 for
each meeting attended, approved
1/18
Reappointed by FRBank of Philadelphia
2/1
McLucas, Walter S., reappointed by FRBank of Kansas City
2/1
Meeting to be held in Washington on May 24, list of topics
requested
4/20
Ottley, John K., reappointed by FRBank of Atlanta
2/1
Recommendations on S. 4115 to be published in FRBulletin
4/13
Reynolds, Arthur, reappointed alternate by FRBank of Chicago
2/1
Rieman, Charles E., reappointed alternate by FRBank of Richmond
2/1
Robinson, Henry M., reappointed member by FRBank of San Francisco
and compensation approved
1/22
Memorandum of Secretary advising of reappointment
2/1
Smith, Walter W., allowance of $1,000 per annum by FRBank of St.
Louis approved
1/18
Advice of reappointment
2/1
Steele, Thomas M., appointed by FRBank of Boston
2/1
Traylor, M. A., reappointed by FRBank of Chicago
2/1
Treman, R. H., reappointed by FRBank of New York
2/1
Weld, Theodore, appointed by FRBank of Minneapolis
2/1
Woodson, W. W., appointed alternate by MBank of Dallas
2/1
Federal Farm Board, request for information on condition of Commerce
Trust Co. of Kansas City, and attitude of IliBoard
toward future requests
2/15
Federal Farm Loan System, liquidation and refinancing of farm
mortgages at reduced rate of interest, report on
S. 1197
4/7
Federal Guaranty and Insurance Corporation to protect bank depositors,
reply to Mr. Douglas opposing bill to establish
4/8
Federal Home Loan Banks, reply to Mr. McFadden with views of FRBoard
on bill to create
5/23
Federal Intermediate Credit Banks:
Debentures as security for member bank fifteen day notes, etc.,
public Act 138 authorizing use of
6/3
Discount of bills endorsed by, and trust indentures acceptable as
collateral security for fifteen day member bank
collateral notes, reply to Senator Steiwer on
S. 2409
3/3
FRAct, amendments to: (See Legislation)
FRAgents:
Assistant:
Albertson, Ward, salary at MBank of Atlanta
1/18
Anderson, J. B., salary at FRBank of Cleveland
1/18
Anpointment suggested in connection with margin fixed for
FRBanks in pledging Government securities as
collateral for FRnotes:
It branches of FRBank of Atlanta for three months
2/11
At branches of FRBank of Dallas
5/16
At branches of FRBank of San Francisco
6/3
At Los Angeles Branch
5/9



73
73
73
427
42
73
73
333
73
310
73
73
51
73
42
73
72
73
73
73
73

113

285
293
425

454

169

35
33

102
393
461
378

23
Pages
FRAgents: (Continued)
Assistant: (Continued)
Bailey, Fred M., bond at FRBank of Minneapolis
Salary of
Dillistin, W. H., salary at FRBank of New York
Downs, H. S., salary at MBank of New York
Evans, W. J., salary at FRBank of Dallas
Bond of
Pletcher, W. H., salary at MBank of Cleveland
Fry, J. G., salary at FRBank of Richmond
Getter:rd., C. F., salary at MBank of Boston
Hall, Chas. C., salary at FRBank of Dallas
Hazard, L. S., designated Alternate Acting at Helena Branch
Bond of
Heinedke, Fred, redesignated Alternate Acting Assistant at
Helena Branch
Hibbard, A. T., designated Acting at Helena Branch
Bond of
Hill, Ernest C., salary at FRBank of Philadelphia
Johnson, R. G., designated at Cincinnati Branch for rest of
year
Bond of
McAdams, A. M., salary at MBank of Kansas City
Mosher, Curtis L., salary at FRBank of Minneapolis
Nolte, W. H., designated at Pittsburgh Branch for rest of
year
Bond of
Post, Arthur E., salary at FRBank of Philadelphia
Prugh, George A., salary at FRBank of Chicago
Recknagel, W. C., appointed at Detroit Branch
Bond of
Sargent, S. G., salary at FRBank of San Francisco
Schelling, Carl, bond at FRBank of Chicago
Stewart, C. M., salary at FRBank of St. Louis
Appointed also Secretary
Wheeler, O. P., salary at FRBank of San Francisco
Young, C. S., salary at FRBank of Chicago
Austin, R. L., salary at FRBank of Philadelphia
Case, J. H., salary at FRBank of New York
Curtis, F. H., salary at Flank of Boston
DeCamp, George, salary at FRBank of Cleveland
Leave from bank for week or ten days approved
Hoxton, W. W., salary at FRBank of Richmond
McClure, M. L., salary at FRBank of Kansas City
Vacation during July, no objection to
Mitchell, John R., salary at MBank of Minneapolis
Vacation for one month approved
Newton, Isaac B., salary at FRBank of San Francisco
Newton, Oscar, salary at FRBank of Atlanta
Stevens, Eugene M., salary at FRBank of Chicago
Walsh, C. C., salary at FRBank of Dallas
Vacation during July, no objection to
Wood, John S., salary at FRBank of St. Louis




1/7
2
1/22
52
31
1/18
1/18
31
1/18
39
3/23 229
1/18
33
1/18
34
30
1/18
39
1/18
3/22 227
3/25 235
3/22 228
3/22 227
4/1
250
1/18
32
4/29 353
6/3
437
1/18
38
1/22
52
4/29
6/3
1/18
1/18
4/16
4/25
1/18
5/23
1/18
4/5
1/18
1/18
1/18
1/18
1/18
1/18
5/23
1/18
1/18
6/15
1/22
2/25
1/18
1/18
1/18
1/18
6/20
1/18

353
437
32
36
322
337
40
417
37
275
40
36
32
31
30
33
417
34
38
494
52
129
40
35
36
40
501
37

24
FRBaak notes, proposed legislation on redemption of defaced
FRBank of Atlanta:
Acting Assistant FRAgents at Branches for three months to meet
currency requirements, FRBoard to give prompt
consideration to recommendations
Advances under Sections 10(a) and 10(b) of FRAct, rates fixed
and power to act given to Executive Committee
Reply to FRAgent that each case will be acted on under
procedure outlined in letter of March 10 and
suggestion that maximum limit be placed on
advances under Sec. 10(a)
Committee of business men and bankers appointed to develop ways
and means of making use of fands made available
by open market program
Educational and recreational work, appropriation approved
Examination report, letter to FRBank with respect to exceptions
listed and suggestions made by examiners
McKay, athers, and Ramsey, payment of fee for services in
connection with liquidation of assets of
Citizens Bank and Trust Co., Tampa, Fla.
Personnel classification plan:
Accounting department, change in title and salary of
position "Steno-Clerku in
Finance Corporation Department"
-Reconstruction
"Custodian
with new positions, change creating
Pledging of Government securities as collateral for FRnotes,
reply to inquiry on permission for
Rates: (See Rates)
Reserves of member banks, maximum penalty for deficiencies in,
letter to FRAgent on requesting permission to
modify or discontinue
Progressive penalties for deficiencies discontinued
Staff:
Albertson, Ward, salary as Assistant PR.Agent
Anderson, Bertha C., transfer to position of Steno-Clerk,
salary approved
Beavers, P. L. T., salary as Assistant Cashier
Bell, M. W., salary as Cashier
Black, E. R., salary as Governor
Bowman, V. K., salary as Assistant Cashier
Camp, C. R., salary as Assistant Cashier
Clark, L. M., salary as Assistant Cashier
Conniff, H. F., salary as Deputy Governor
Employees granted extended sick leave during December
Honour, J. Welsby, salary as Assistant Auditor
Johns, W. S., salary as Deputy Governor
Vacation period extended beyond regular period
McLarin, W. S., Jr., salary as Assistant Deputy Governor
Newton, Oscar, salary as FRAgent
Paris, E. P., salary as General Auditor
Parker, Robert S., retainer as Counsel
Schuessler, S. P., salary as Assistant Cashier
Sims, R. A.., salary as Assistant Cashier
Stock, FRBank: (See Stock)
Vacation periods of officers and employees submitted



Pages
5/23 425

2/11

102

3/15

202

4/20 332

6/3
6/3

436
438

2/3

81

1/19

47

6/20 501
6/20

501

4/5

276

3/9
183
3/17 208
1/18

35

4/4
1/18
1/18
1/18
1/18
1/18
1/18
1/16
1/15

270
35
35
35
35
35
35
35
15
35
35
327
35
35
35
35
35
35

1/18
1/18
4/20

1/18
1/18
1/18

1/18
1/18
1/18

4/20 327

25
Pages
FRBank of Boston:
FRnotes, request for authority to pledge Government securities
as collateral for
Rates: (See Rates)
Staff:
Carrick, Krickel K., salary as Secretary
Currier, Harry F., salary as Agditor
Curtiss, F. H., salary as FRAgent
Employees granted extended sick leave during December
Gettemy, C. F., salary as Assistant FRAgent
Hult, Ellis G., salary as Assistant Cashier
Ketchum, Phillips, retainer as Counsel
Leavitt, Ernest M., salary as Assistant Cashier
Paddock, William W., salary as Deputy Governor
Pitman, Carl B., salary as Assistant Cashier
Stoyle, Lewis E., transfer to position of Supervisor-Non
Cash Collections, salary approved
Sweetser, L. Wallace, salary as Assistant Cashier
Willett, William, salary as Cashier
Young, Roy A., salary as Governor
Stock, FRBank: (See Stock)
MBank of Chicago:
Bankers acceptances pledged with FRAgent, change in procedure
for handling
Committee of business men and bankers appointed to develop ways
and means of malring use of funds made available
by open market program
Forms for use in connection with advances under Sec. 10(b) of
FRAct, approved with suggested changes
Government securities as collateral for FRnotes, request for
authority to pledge
Personnel classification plan, changes in titles, new positions
created, etc., approved
Creation of new division uReconstruction Finance Corporation
Custody Division", with fifteen new positions
Rates: (See Rates)
Staff:
Bachman, W. C., salary as Assistant Deputy Governor
Bateman, P., salary as Manager
Blair, J. H., salary as Deputy Governor
Burgess, F. R., salary as General Auditor
Callahan, J. C., salary as Manager
Coulter, R. E., salary as Manager
Dazey, A. W., salary as Manager
Delaney, E. A., salary as Assistant Deputy Governor
Dillard, J. H., salary as Deputy Governor
Employees granted extended sick leave during period to Jan.
21
Examiner and Assistant Examiner, appointment of additional
to be approved when recommended
Fischer, 1., salary as Manager
Freeberg, C. A., temporary assignment to discount department
continued for three months




4/29 356

1/18
1/18
1/18
1/7
1/18
1/18
1/18
1/18
1/18
1/18

30
31
30
2
30
31
31
31
30
31

4/4
1/18
1/18
1/18

270
31
30
30

4/16

323

5/26 434
4/6

280

5/2

361

1/18
6/9

27
478

1/18
1/18
1/18
1/18
1/18
1/18
1/18
1/18
1/18

36
36
36
37
36
36
36
36
36

1/28

71

465
6/6
1/18
36
6/20 501

26

Pages

FRBadk of Chicago: (Continued)
Staff: (Continued)
Hargreaves, R. J., salary as Manager
1/18
36
Henningson, Caleb, rea-opointed representative of FRAgent
in
Discount Department
4/16 323
Hoffman, Frank R., appointed representative of FRAgent
in
Investment Department
4/16 323
Hopkins, W. A., salary as Assistant Anditor
1/18
37
Jones, D. A„ salary as Assistant Deputy Governor
1/18
36
Lindsten, F. A., salary as Manager
1/18
37
McDougal, J. B., salary as Governor
1/18
36
McKay, C. R., salary as Deputy Governor
1/18
36
Appointed on committee to study acceptance
practices
under FRAct
6/6
475
Meyer, Carl, salary as Counsel
1/18
37
Meyer, L. G., salary as Manager
1/18
37
Moore, George L., appointed alternate representative
of
FRAgent in Investment Department
4/16 323
Reappointed alternate representative of FRAgent
in
Discount Department
4/16 323
Netterstram, O. J., salary as Assistant Deputy Governor
1/18
36
Olson, A. L., salary as Manager and Assistant Secretary
1/18
37
Pavey, L. G., salary as Manager
1/18 37
Pett, H. G., salary as Manager
1/18
37
Prugh, George A., salary as Assistant FRAgent
1/18
36
Purrington, F. L., salary as Manager
1/18
37
Roberts, J. G., salary as Manager
1/18
37
Schelling, Carl, assistant to act for FRAgent, bond of
5/23 417
Stevens, Eugene M., salary as FRAgent
1/18
36
Turner, W. W., salary as Manager
1/18 37
Young, C. S., salary as Assistant FRAgent
1/18
36
Stephens and Thornell, Clarinda, Iowa, payment of attorneys
fees
approved
4/1
251
Stock)
PRBank:
(See
Stock,
MBank of Cleveland:
Borrowings of member banks, practice of tAking Government
bonds
as collateral at market price instead of pax
value
2/25 140
Committee of business men and bankers appointed to develop
ways
and means of making use of funds made
available
by open market program
6/3 436
PRnotes, request for authority to pledge Government
securities
as collateral for
4/29 356
Rates: (See Rates)
Salary increases of employees during 1931 as compared with
System as a whole, letter to Governor Fancher
4/29 348
Staff:
Anderson, J. B., salary as Assistant FRAgent
1/18
33
Arnold, C. W., salary as Assistant Cashier
1/18
33
Bickford, C. L., salary as Assistant Cashier
1/18
33
Clouser, D. B., salary as Assistant Cashier
1/18
33
DeCamp, George, salary as FRAgent
1/18
33
Leave for week or ten days approved
5/23 417
Employees granted extended sick leave during Decembe
r
1/15 15




27
Pages
FRBank of Cleveland: (Continued)
Staff: (Continued)
33
1/18
Fancher, E. R., salary as Governor
33
1/18
Governor
Fleming, M. J., salary as Deputy
of
Agency
To serve as Manager of Cleveland
Reconstruction Finance Corporation, part of
4/1 251
salary to be paid by FRBank
1/18 33
FR.gent
Assistant
Fletcher, W. H., salary as
1/18 33
Auditor
Grayson, P. V., salary as
33
1/18
as
Counsel
Squire, Sanders and Dempsey, retainer
1/18
33
Strater, H. F., salary as Cashier-Secretary
1/18
33
Taylor, W. P., salary as Assistant Cashier
1/18
33
Wagner, George H., salary as Assistant Cashier
1/18
33
Zurlinden, F. J., salary as Deputy Governor
Stock, MBank: (See Stock)
FRBank of Dallas:
Committee of business men and bankers appointed to develop ways
and means of making use of funds made available
6/3 436
by open market program
Correction of unsatisfactory conditions in State member banks,
cooperation with State banking authorities in
3/17 209
obtaining
Examination report, letter to FRAgent on discounting "part of
excess line of banks, treatment of past dae
5/2 363
paper and other practices of FRBank
Letter to FRAgent replying to his letter submitting report
to Board of Directors by special committee of
officers of bank on adjustments made as result
6/6
472
of comments of examiners
in
FRnotes, letter to Mr. Coleman on margin fixed for FRBank
the pledging of Government obligations as
5/16 393
collateral security for
Member banks in district, request of Financial Commission of
Japanese Government for names, amount of capital
4/1
262
and amount of reserves of
Personnel classification plan, creation of new department called
Reconstruction Finance Corporation Department
3/15 200
and expenses to be reimbursable
3/17 206
Changes creating new positions in
in
3/22 226
Change creating position of typist
4/1
251
in
Change creating position of Manager
5/23
417
in
position
Change to create new
Rates: (See Rates)
Staff:
1/18
40
Austin, E. B., salary as Assistant Cashier
in
representative
special
as
Chambers, R. S., employed
16
1/15
insolvent banks department
increase
salary
Analyst,
Credit
Chief
Chancellor, E. A..,
270
4/4
approved
:1/18
40
Auditor
Clarke, W. P., salary as General
.1/18
39
Governor
Coleman, R. B., salary as Deputy
1/15
15
during
December
Employees granted extended sick leave
1/18
39
Evans, W. J., salary as Assistant FRAgent
3/23 229
Bond of



28
FRBank of Dallas: (Continued)
Staff: (Continued)
Ford, W. 0., salary as Assistant Deputy Governor
Gilbert, R. R., salary as Deputy Governor
Hall, Charles C., salary as Assistant FRAgent
Harris, Fred, salary as Cashier
Huff, Charles C., retainer as General Counsel
Locke, Locke, Stroud, and Randolph, retainer as Counsel
McKinney, B. A., salary as Governor
Pondrom, L. G., salary as Assistant Cashier
Smith, Howell E., salary as special representative in
insolvent banks department approved
Salary increased
True, C. C., salary as Assistant Auditor
Walsh, C. C., FRAgent:
Salary approved
Vacation during July, no objection to
Webb, R. 0., salary as Assistant Cashier
Williams, Harry, employed as special representative in
insolvent banks department
Stock, FRBank: (See Stock)
MBank of Kansas City:
Contribution to Chamber of Commerce for program of industrial
expansion approved
Currency shipped to national banks in Kansas, information on
amount not to be furnished committee in
connection with anti-hoarding campaign
Examination report of bank and branches, to be brought to
attention of directors and their comments and
findings to be reported to FRBoard
Gold shipments from member banks, 2EBank to absorb abrasion
losses for temporary period
Personnel classification plan:
Auditing Department, change creating new position in
Changes creating new position and description of work
required
Changes reducing salary ranges in certain positions, making
changes in titles, etc.
Creation of new position approved
Custody Department, change creating new position and
changing description of work in other positions
Failed Banks-Rediscounts Department, change to creat new
position in
Change creating position of "Special Agent" in
"Fiscal Agent-Reconstruction Finance Corporation Departmento
with new positions, change creating
Loans, Rediscounts, and Acceptances, Credit Department,
creation of new positions in
Provision of Space-Building Department, change in salary
ranges in
Rates: (See Rates)
Staff:
Barley, G. E., salary as Assistant Cashier
Employees granted extended sick leave during December.




Pewee

1/18
1/18
1/18
1/18
1/18
1/18
1/18
1/18

40
39
39
40
40
40
39
40

2/3
78
3/3 162
1/18 40
1/18
40
6/20 501
1/18 40
1/15

16

4/5

272

2/16

117

6/27 526
3/25 235
4/13 308
2/15 109
3/9
177
4/29 348
3/1

151

1/22 51
4/16 312
6/13 486
3/15 200
4/1

1/18
1/15

250

38
15

29
Pages
FRBank of Kansas City: (Continued)
Staff: (Continued)
Fnmilton, Geo. H., salary as Governor
Not to attend meeting of Open Market Policy Conference
because of illness in family
Helm, J. W., salary as Deputy Governor and Cashier
Leedy, H. G., salary as Counsel
McAdams, A. M., salary as Assistant FRAgent and Secretary
McClure, M. L., salary as FRAgent
Vacation during July, no objection to
Oberwortmann, N. R., salary as Assistant Cashier and
Examiner
Park, M. W. E., salary as Assistant Cashier
Phillips, J. Frank, additional leave on account of illness
granted
Phillips, John, Jr., salary as Assistant Cashier
Pipkin, G. H., salary as Assistant Cashier
Tyner, E. P., salary as Assistant Cashier
Wardell, S. A.., salary as Auditor
Worthington, C. A., salary as Deputy Governor
Stock, FRBank: (See Stock)
Bank of Minneapolis:
Bylaws, changes in, reply to letter from Mr. Mosher on
Letter from FRAgent on amendments and additional changes
suggested by FRBoard, will be approved in
revised form
Examination report, letter to FRAgent on certain exceptions to
Interdistrict time schedule to New York and Helena, changes
approved
Pamphlet on Sank Directors, Their Legal and Moral
Responsibilities" to be sent to directors of all
member banks in District
Personnel classification plan, changes in fiscal agency
department approved
Rates: (See Rates)
Salaries of officers for 1932 approved
Staff:
Bailey, F. M., salary as Assistant FRAgent
Bond of
Core, Harold C., salary as Assistant Cashier
Dunlop, Frank C., salary as Controller
Geery, W. B., salary as Governor
Hamstrom, Robert F., salary as Assistant Cashier
Larson, Arthur R., salary as Assistant Cashier
Mitchell, John R., salary as FRAgent
Vacation for one month approved
Mosher, Curtis L., salary as Assistant FRAgent
Peterson, William E., salary as Assistant Cashier approved
Preston, Otis R., salary as Assistant Cashier approved
East, Leonard E., salary as Assistant Cashier
.
Ueland, Andreas, retainer as Counsel
Yaeger, Harry, salary as Deputy Governor
Ziemer, Harry I., salary as Deputy Governor and. Cashier
Stock, FRBank: (See Stock)



1/18

38

5/12 385
38
1/18
1/18
39
38
1/18
1/18
38
6/15 494

1/18

38

1/18

38

4/5
1/18

272
38
38
38
38
38

1/18
1/18
1/18
1/18

4/11 302

6/13 489
167
3/3
5/6

369

2/5

86

1/7

2

1/22

52

1/22 52
1/7
2
1/22 52
1/22
52
1/22 52
1/22 52
1/22 52
1/22 52
2/25 129
1/22 52
5/16 393
5/16 393
1/22 52
1/22
52
1/22 52
1/22 52

30
FRBank of New York:
Account opened for National Bank in Copenhagen, Denmark
Austrian National Bank, participation in renewal of credit
Renewal of participation approved
Telegrams from Governor Harrison and Deputy Governor Crane
on renewal of credits and certain modifications
in conditions
Certificates of indebtedness of Town of Hampstead, permission to
purchase
(See also Tax revenue notes)
Cammittee of business men and bankers appointed to develop ways
and means of mafring use of funds made available
by open market program
Deposit with Bank for International Settlements, advice of
withdrawal of portion and further reductions to
be made
Reduction in amount of $1,000,000 reported
Further reduction of $1,000,000 in deposit reported
Report of further withdrawal of $1,000,000 from account
FRnotes, request for authority to pledge Government securities
as collateral for
Margin fixed in pledging of Government securities as
collateral for, reduction of $10,000,000 in
amount of, and added to margin of FRBank of San
Francisco
Hungarian National Bank, participation in renewal of credits to
Pension or retirement system, plan to be reported to directors
by officers of bpnlr.
Personnel classification plan:
Accounting Department, change creating new position "Page
and Office Boy" in Bookkeeping Division of
Loan and Discount Department, change abolishing position in,
approved
Transit section, changes in, approved
Purchase of Government securities for own account before meeting
of Conference opposed
Rates: (See Rates)
Salaries, action on flat reduction deferred
Staff:
Barrows, D. H., salary as Manager
Burgess, W. R., salary as Deputy Governor
Proposed letter to Senator Glass on capacity in which he
appeared before committee considering Glass Bill
Burt, W. W., salary as Manager
Case, J. H., salary as FRAgent
Coe, C. H., salary as Assistant Deputy Governor
Crane, J. E., salary as Deputy Governor
Increase in salary approved
Crisp, T. M., salary as Assistant Counsel
Dillistin, W. H., salary as Assistant FRAgent
Bodge, E. L., salary as General Auditor
Douglas, E. 0., salary as Manager
Downs, H. S., salary as Assistant FRAgent
Employees granted extended sick leave during December




Pages

1/7
1/8
4/8

3
11
290

4/16 316
1/7

3

5/23 426

3/23
5/2
5/12
6/9

230
362
386
478

4/29 356

6/9
1/8

482
10

2/3

81

3/25 235
3/1
1/7

151
2

4/8

293

2/3

81

1/18

32
31

1/18

3/25 238
1/18 32
1/18
31
1/18 31
1/18
31
2/3
81
1/18
32
1/18
31
1/18
32
1/18
32
1/18 31
1/15
15

32.
Pages
MBank of New York: (Continued)
Staff: (Continued)
Ferguson, G. W., salary as Assistant General Auditor
French, E. C., salary as Manager
Gidney, R. M., salary as Assistant Deputy Governor
Gilbart, A. W., salary as Deputy Governor
Harrison, G. L., salary as Governor
Jones, J. W., salary as Assistant Deputy Governor
Kenzel, E. R., salary as Deputy Governor
Appointed on committee to study acceptance practices
under FRAct
Kimball, H. H., salary as Assistant Counsel
Knoke, L. W., salary as Assistant Deputy Governor
Logan, W. S., salary as Deputy Governor and General Counsel
Matteson, W. B., salary as Assistant Deputy Governor
McMurray, R. F., salary as Manager
Mitchell, J. A.., salary as Manager
Morgan, R. M., salary as Manager
Mune, W. E., to serve for extra time as doctor during
absence of Doctor Belle Thomas
Noe, Walter R., temporary assignment to Credit Department
continued for one year
,
°eters, Harold, temporary assignment to Credit, Department
continued for one year
Phelan, Arthur, salary as Manager of Discount Department
approved
Rice, J. M., salary as Assistant Deputy Governor
Roelse, H. V., salary as Manager and Assistant Secretary
Rounds, L. R., salary as Deputy Governor
Increase in salary approved
Forms for use in connection with loans under Sec. 10(a)
of FRAct, vaggested changes to be sent to
Sailer, L. F., salary as Deputy Governor
Scott, W. A., salary as Manager
Snyder, Carl, salary as General Statistician
Sproul, Allan, salary as Assistant Deputy Governor and
Secretary
Thomas, Dr. Belle, leave for eight weeks without pay
approved
Waters, I. W., salary as Manager
Stock, FRBank: (See Stock)
Tax notes, purchase of: (See Tax reveaue, notes)
PRBank of Philadelphia:
Allowance of $100 to Howard A. Loeb for each meeting of Federal
Advisory Council attended
Building, Messrs. Livingston and HUtt present at Board meeting
to discuss plans and sketches and estimate of
cost, to make written request before bids are
asked for
Permission to MBank to ask for bids and proposal accepted
to be submitted to FRBoard for approval
Purchase of "Record property" approved




1/18
1/18
1/18
1/18
1/18
1/18
1/18

32
32
31
31
31
31
31

475
6/6
1/18
32
1/18
31
1/18
31
1/18
31
1/18
32
1/18
32
1/18 32
2/18

120

4/20 326
4/20 326
2/11
1/18
1/18
1/18
2/3

95
32
32
31
81

4/6
1/18
1/18
1/18

281
31
32
32

1/18

32

2/18
1/18

120
32

1/18

42

1/26

63

2/3
3/21

79
218

32
FRBank of Philadelphia: (Continued)
Committee of business men and bankers appointed to develop ways
and means of making use of funds made available
by open market program
FRnotes, request for authority to pledge Government securities
as collateral for
Personnel classification plan, Changes in titles approved
Creation of new Department "Reconstruction Finance
Corporation Department!' with nineteen employees
approved
Rates: (See Rates)
Reserves deficient, of member banks:
Letters to directors under Regulation D, reply to FRAgent on
discretion in writing
Maximum penalty for, letter to FRAgent on requesting
permission to modify or discontinue
Progressive penalties for deficiencies discontinued
Staff:
Austin, R. L., salary as FRAgent
Davis, W. J., salary as Assistant Cashier
Earl, Samuel R., salary as Assistant Cashier
Employees granted extended sick leave during December
Hill, Ernest C., salary as Assistant FRAgent
Hutt, William H., salary as Deputy Governor
Present at meeting of FRBoard to discuss plans for
addition to bank building
McCreedy, William G., salary as Comptroller
McIlhenny, C. A., salary as Cashier and Secretary
Miller, R. M., Jr., salary as Assistant Cashier
Norris, George W., salary as Governor
Present at meeting of FRBoard to discuss purchase of
property adjoining FRBank building
Post, Arthur E., salary as Assistant FRAgent
Soule, William H., designated Senior Examiner
Toy, James M., salary as Assistant Cashier
Williams, Brittain, and Sinclair, retainer as Counsel
Stock, FRBank: (See Stock)
Tax on motor fuels in Pennsylvania, use of form for exemption
FRBank of Richmond:
Check on Durham Loan and Trust Co. collected by First National
Bank of Durham before it closed, offer of RBank
to prove claim for Banner Fuel Corporation
Committee of business men and bankers being organized to develop
ways and means of making use of funds lalowie
available by open market program
Free gold position low and other FRBanks to be asked to take
over participation in Open Market Investment
Account and request for permission to pledge
Government securities as collateral for FRnotes
FRnotes, application for permission to pledge Government bonds
as collateral for
Margin fixed for pledging of, reply to letter from FRBank
that it is too restrictive for comfortable
operation




Pages

6/3

436

4/29 356
4/29 348

5/16 392

6/3

451

3/9
183
3/17 208
1/18
1/18
1/18
1/15
1/18
1/18

32
33
33
15
32
32

1/26
1/18
1/18
1/18
1/18

63
33
32
33
32

3/21
1/18
1/15
1/18

1/18

218
32
16
33
33

4/5

277

6/15 497

6/3

436

4/5

276

4/20 334

6/23 519

33
Pages
FRBank of Richmond: (Continued)
Interest may be deducted in advance in making loans under Sec.
10(b) of FRAct, reply to letter approved
4/8
289
Personnel classification plan, positions in accounting and
planning department created
1/7
2
Change to increase salary range of position of "Failed Bank
Representative"
1/25
61
Rates: (See Rates)
Salaries of officers and employees, report requested by board of
directors, views of FRBoard requested
5/12 389
Conference of Governors convened to discuss
5/17 405
Staff:
Broaddus, R. H., salary as Deputy Governor
34
1/18
Division of salary between FRBank and Reconstruction
Finance Corporation while acting as Manager of
Richmond Agency
4/16 313
Services with corporation discontinued and full duties
with MBank resumed
4/25 338
Dillard, W. W., salary as Assistant Cashier
1/18
34
Employees granted extended sick leave during December
1/15
15
Epes, Travis F., salary as Auditor
1/18
34
Fry, J. G., salary as Assistant FRAgent
1/18 34
Garrett, John T., salary as Manager
1/18
34
Hoxton, W. W., salary as FRAgent
1/18
34
Johnstone, Albert S., salary as Manager
1/18
34
Keesee, George H., salary as Cashier
1/18
34
Peple, Charles A., salary as Deputy Governor
34
1/18
Seay, George J., salary as Governor
1/18
34
Walden, J. S., Jr., salary as Controller
34
1/18
Wallace, M. G., salary as Counsel
1/18
34
Waller, Edw„ Jr., salary as Assistant Cashier
1/18
34
Stock, FRBank: (See Stock)
FRBank of St. Louis:
Allowance of $1,000 per annum to Walter W. Smith as member of
Federal Advisory Council
1/18
42
Bylaws, amended to provide for more than one Deputy Governor
4/5
274
Committee of business men and bankers appointed to develop ways
and means of making use of funds made available
by open market program
6/3 436
Examination report, request for advice of action on
recommendations of examiners, especially
retaining originals or certified copies of
financial statements of borrowers
3/17 212
Reply to comments from FRAgent and present practices to be
continued until circumstances warrant Changes
4/16 321
Form of promissory note for advances under Sec. 10(b) of FRAct,
change approved
3/21 221
Loans under Secs. 10(a) and 10(b) of FRAct, telegram to Mr.
McConkey with information on procedure for
3/1
153
Personnel classification plan:
"Collateral and collection, Reconstruction Finance
Corporation Department", change creating new
department
4/1
250




34
FRBank of St. Louis: (Continued)
Personnel classification plan: (Continued)
Collateral and custody department, changes approved
Change creating new positions in
Rates: (See Rates)
Staff:
Arthur, L. K., continuation of temporary assignment to
Credit-Discount Department
Attebery, 0. M., salary as Deputy Governor
Division of payment of salary with Reconstruction
Finance Corporation while acting as Manager of
St. Louis Igency
Christ, John J., temporary designation as field man
Debrecnt, A. E., salary as Assistant Auditor
Employees granted extended sick leave during December
Ferry, C. F., temporary designation as field man
Continuation of temporary assignment to assist in failed
bank collections
Geiger, J. L., temporary assignment to credit-discount
department
Gilmore, S. P., salary as Controller
Haill, A. H., salary as Controller
Hall, P. N., salary as Controller
Hollocher, G. 0., salary as Controller
Insurance upon lives of employees retired because of
disability or old age, action of executive
committee in carrying on payroll at nominal
salary
Martin, Wm. McC., salary as Governor
McConkey, J. G., salary as Secretary and Counsel
Appointed Deputy Governor and Counsel
Novy, E. J., salary as Auditor
Phillips, 0. C., salary as Controller
Stewart, C. M., salary as Assistant FRAgent
Appointed also Secretary
Wood, John S., salary as FRAgent
Stock, FRBank: (See Stock)
FRBank of San Francisco:
Borrowings of member banks against Government securities and
eligible paper held under general hypothecation
agreement, manner of reporting
Committee of business men and bankers appointed to develop ways
lng use of funds made available
and means of mal,
by open market program
Compensation of Henry M. Robinson for attending meetings of
Federal Aavisory Council approved
Control of Transamerica Corporation: (See Transamerica
Corporation)
Fees and allowances for directors of FRBank and branches
approved
FRnotes, request for authority to pledge Government securities
as collateral for
Reply to Governor Calkins enclosing reply to FRBank of
Richmond




Pages

1/7
4/1

2
250

4/8
288
1/18 37

4/5
273
1/15
16
1/18
37
1/15
15
1/15
16
4/8
1/15
1/18
1/18
1/18
1/18

288
16
37
37
37
37

6/3 453
1/18
37
1/18 37
4/5
274
1/18 37
1/18 37
1/18 37
4/5
275
37
1/18

6/13 491

6/3

436

1/22

51

1/22

52

3/4

175

4/5

277

35
Pages
FRBank of San Francisco: (Continued)
FRnotes: (Continued)
Power of attorney in connection with pledging of Government
5/9
securities as collateral, change in form of
Government
of
pledging
with
Margin fixed in connection
securities as collateral for, request for
5/9
Increase in
in
branches
at
FRAgents
Appointment of Assistant
connection with,discussed6/3
Margin increased by $10,000,000 because of voluntary
6/9
reduction in margin of MBank of New York
Governor
to
telegram
FRAct,
of
Loans under Secs. 10(a) and 10(b)
3/1
Calkins on
FRBank
that
request
Account,
Participation in Special Investment
of New York take over in order to cover FRnotes
3/9
in its cash
of
range
salary
in
Personnel classification plan, change
2/1
Research Assistant not approved
1/19
discontinued
in
reserves
deficiencies
Progressive penalties for
Rates: (See Rates)
Staff:
1/18
Agnew, A. C., retainer as Counsel
Assistant
as
Research
salary
in
increase
W.,
Bachelor, R.
2/1
approved
Bold, Fred C., FRBank to be reimbursed by Reconstruction
4/1
Finance Corporation for services
1/18
Governor
as
salary
U.,
Calkins, Jno.
1/18
Governor
Deputy
as
salary
Clerk, Ira,
Appointed on committee to study acceptance practices
6/6
under FRAct
1/18
Governor
Deputy
as
salary
Day, Wm. A..,
Finance
Reconstruction
by
reimbursed
be
to
FRBank
4/1
Corporation for services
1/18
Cashier
Assistant
as
Earhart, C. E., salary
1/18
Employees granted extended sick leave during December
1/18
Cashier
as
salary
W.
M.,
Hale,
1/18
Ziditor
as
salary
T.,
R.
Hardy,
1/18
Holman, F. H., salary as General Auditor
1/18
Mailliard, E. C., salary as Assistant Cashier
1/18
Mangels, H. N., salary as Assistant Cashier
McBride, E. B., temporary designation for emergency
6/3
examination work in Salt Lake City territory
1/18
Newton, Isaac B., salary as FRAgent
1/18
Osmer, J. M., sslary as Assistant Cashier
1/18
Phillips, C. D., salary as Assistant Cashier
1/18
Sargent, S. G., salary as Assistant FRAgent
1/18
Wheeler, 0. P., salary as Assistant FRAgent
Stock, FRBank: (See Stock)
FRBanks:
Addresses by officers and employees on banking and credit,
4/20
copies to be furnished FRBoard
6/23
Assessment for expenses of FRBoard, resolution levying




377

378
461
482
153

184
75
44

41
75
252
41
41
475
41
252
41
26
41
41
41
41
41
437
40
41
41
40
40

326
510

36
FRBanks: (Continued)
Condition statement, elimination of estimate of free gold held
by banks from confidential daily statement
Custody and collection of paper for Reconstruction Finance
Corporation, letter on arrangements for
Directors: (See Directors)
Dividend payments for first half of 1932 approved
Earnings for first six months of 1932
Employees, inquiry of J. K. Kent whether they are employees of
Government and exempt from income tax law of
Oklahoma
Examinations, Examiner in Charge directed to make at least one
of each FRBank during year
(See also Examinations)
Personnel classification plans, letter on creating new positions
for handling work of Reconstruction Finance
Corporation
(See also FRBank of ---)
Profit and loss statement for 1931, reply to Mr. Ballantine that
statements were examined by FRBoard and all
charges were authorized by FRBoard
Rates: (See Rates)
Salaries:
Employees receiving $5,000 or more per annum, request of
Congressman Villiams for list and reply approved
Officers of each FRBank
Reduction in, Conference of Governors convened to discuss
attitude toward
Statements as of Jan. 1, 1932, submitted
Stock: (See Stock)
FRBoard:
Annual report for 1931, text approved and to be presented to
Speaker of House of Representatives and released
to press
Report of Secretary that it will be received from printer
today and plans for presentation and release
Currency Clerk, space in Shoreham Building to be provided for
Division of Research and Statistics:
Dictaphone machine, authority to purchase
Employees: (See Staff of FRBoard)
Expenses of, assessment on FRBanks for
Gold Settlement Section, space in Shoreham Building to be
provided for
Members:
Hamlin, C. S., letter on statements made by Walter
Lichtenstein in address in Minneapolis
James, George R., appointed member of Executive Committee
for second quarter
Appointed member for third quarter
Magee, W. W., appointed member of Executive Committee for
third quarter
Meyer, Eugene:
Goldsborough Bill, statement made at hearing before
committee endorsed




Pages

3/1

158

4/25 339
6/27 527
6/27 527

4/25 345
1/7

4

4/25 339

3/4

1/22
1/18

174

53
30-41

5/17 405
4/4
270

6/6

473

6/15 498
5/26 434
6/23 510
6/23 510
5/26 434

5/23 427
4/7
6/27

284
521

6/27 521

5/6

366

37
Pages
PRBoard: (Continued)
Members: (Continued)
Meyer, Eugene: (Continued)
Present at meeting in Chicago at which committee of
business men and bankers was appointed to develop
ways and means of making use of funds made
5/26
available by open market program
Miller, A. C.:
Appointed member of Executive Committee for second
4/7
quarter
National
Austrian
and
Bank
National
Credits to Hungarian
1/8
Bank, position with regard to
Chain
and
Group,
Branch,
on
Expenses of Committee
6/6
Banking, opinion on excessive amount of
opinion
account,
System
in
Government securities held
that some of long maturities should be exchanged
4/25
for some of shorter maturities
Bureau
States
United
of
request
at
Organization Chart prepared
4/13
of Efficiency
6/9
Coordinator
Copy furnished to Chief
Quarters, negotiations for lease of space in Shoreham Building
5/26
being carried on by Mr. Harrison
and
offer
Letter to Messrs. McKeever and Goss accepting
6/3
lease to be executed
lease
of
form
inclosing
Goss
and
Letter to Messrs. McKeever
and form of resolution to be adopted by
6/13
directors of corporation
Shoreham
and
of
Secretary
President
Lease executed by Vice
Investment Co., and request for ratification
6/20
resolution or transcript of authority
Staff: (See Staff of PRBoard)
Statements and circular letters, copies to be furnished to
3/21
Reconstruction Finance Corporation
Chief
of
questionnaire
to
of,
reply
Statistical activities
6/9
Coordinator
PRBulletin:
Branch banking, new provisions of State laws with summary of
6/13
situation in all States to be published in
of
debentures
of
use
authorizing
72nd
Congress
138,
Act
Public
Federal Intermediate Credit Banks as security
for member banks fifteen day notes, etc., to be
6/3
published in
Recommendation of Federal Advisory Council on S. 4115 to be
4/13
published in
Review of month for May Bulletin, prior release to press
5/9
arranged
Review of the Month for June issue, including statement on
course of gold movements, statement for press
6/13
approved
PRnotes:
FRBank of San Francisco, request that MBank of New York take
over $10,000,000 of participation in Special
3/9
Investment Account to cover




434

284
11
474

345
308
484
434

460

491

507

221
484

492

454
310
383

492

184

38

Pages

FEnotes: (Continued)
Government securities as collateral for, telegram from Governor
Calkins for authority to pledge
3/4
PRBpnk
of Richmond on
Reply to
4/5
Reply to Governor Calkins enclosing copy of letter to FRBank
of Richmond
4/5
Pledge with FRAgents under recent amendment to FRAct
discussed by Open Market Policy Conference
4/12
Application of udank of Richmond for permission to pledge
4/20
Procedure for pledging direct obligations of United States
Government as collateral security for
4/29
Request of FRBanks of Boston, New York, Philadelphia, and
Cleveland for permission to pledge
4/29
Request of FRBank of Chicago for authority to pledge
5/2
Manner of showing in weekly statement of condition of
FEBankz
5/2
Proposed circular to FRBanks outlining plan for, action
postponed
4/29
Circular to FRBanks approved
5/2
Telegram to FEBanks authorizing each FRBank to offer and
each FRAgent to accept obligations of United
States as collateral security for FRnotes
5/6
Changes in form of power of attorney in pledging, suggested
by MBank of San Francisco
5/9
Margin fixed for PEBank of San Francisco in connection with,
reply to Governor Calkins and appointment of
Acting Assistant FRAgent at Los Angeles
suggested
5/9
Formula used. by FRBoard in determining conditions of,
released as press statement
5/9
Margin
fixed
for FRBank of Dallas, letter on
Q
5/16
Margin fixed for MBank of San Francisco, appointment of
Assistant FRAgents at branches discussed
6/3
Margin increased by $10,000,000 because of voluntary
reduction in margin by FRBank of New York
6/9
Margin fixed for FRBank of Richmond, reply to letter from
YEBank that it is too restrictive for
comfortable operation
6/23
Redemption of defaced, proposed legislation to afford relief to
holders
5/23
Silver certificates may not lawfully be accepted as collateral
for, reply to FRAgent at Chicago
3/3
Fiduciary powers:
Beckley National Exchange Bank, Beckley, W. Va., certificate of
authority to exercise powers previously granted
to constituent national banks
6/3
Carthage National Exchange Bank, Carthage, N. Y., permission to
act in specific trusts taken over, action on
application for full powers deferred
3/1
Chelsea-Second National Bank and Trust Co., Atlantic City,
N. J., certificate to exercise powers previously
granted to constituent banks
6/13
Citizens National Bank of Greenville, Tenn., application
disapproved because of no improvement in
condition
4/20



175
276
277
306
334
355
356
361
361
356
359

367
377

378
383
393
461
482

519
425
166

453

155

489

331

39
Pages
Fiduciary powers: (Continued)
Citizens National Bank in Waxahachie, Texas, permission to
exercise powers taken over but action on full
powers to await next examination
City National Bank of Lansing, Mich., surrender of powers
because taken over by another national bank
Termination of right to exercise, special investigation of
trust department of Capital National Bank in
connection with
Concord National Bank, Concord, Mass., application approved
Consolidated national bank which has succeeded to trust powers
should make new application for permit in its
own name, amendment to suggestion in Regulation
F proposed
Cumberland National Bank, Bridgeton, N. J., application approved
Dawson-City National Bank, Dawson, Ga., certificate of authority
to exercise powers previously granted to
constituent national banks
Deposits of trust funds in savings department of bank, necessity
of pledging securities against
Farmers and Mechanics National Bank of Phoenixville, Pa.,
application approved
First Farmers and Merchants National Bank, Troy, Ala.,
certificate of authority to exercise powers
granted to constituent national banks
First National Bank, Raker, Ore., permission to exercise powers
taken over from State bank, action on full
permission after next examination
First National Bank of Bradenton, Fla., application for
additional powers refused because surplus below
requirement of State law
First National Bank of Fort Worth, Texas, application for
additional powers approved
First National Bank in Highland Falls, N. Y., action on
application deferred
Application again considered and denied
First National Bank of Holdredge, Nebr., application approved
First National Bar*. of Kenmore, N. Y., desire to surrender right
to exercise
First National Bank in Mamaroneck, N. Y., action on application
for full powers postponed but granted
permission to act in trusts taken over from
consolidated banks
First National Bank of Monongahela City, Pa., application
approved
First National Bank in Ord, Nebr., application for certain
powers approved, action on others deferred
First National Bank at Pontiac, Mich., application approved
First National Bank of Seattle, Wash., certificate of authority
to exercise powers previously granted to
constituent national banks
First National Bank, Shawano, Wis., certificate of authority to
exercise powers previously granted to
constituent national banks



6/9

480

4/1

256

4/11
4/7

298
285

5/26 432
6/3 442

6/3

453

2/25 128
5/6

372

6/20

506

6/6

468

6/29

538

4/16

317

3/15 201
6/27 524
6/15 495
6/3

443

4/25 341
2/25 129
2/11 106
4/8
291

6/6

469

6/3

453

40
Fiduciary powers: (Continued)
First National Bank of Windsor, Colo., application approved
First National Bank and Trust Co., Petersburg, Va., certificate
to exercise powers previously granted to
constituent national banks
First Wayne National Bank of Detroit, Mich., application
approved
Genesee River National Bank and Trust Co., Mount Morris, N. Y.,
application for surrender of authority to
exercise
Certificate on surrender of right to exercise
Letter to Deputy Superintendent of Banks of New York
confirming surrender of powers
Herkimer National Bank of Herkimer, N. Y., certificate of
surrender of
Hudson County National Bank of Jersey City, N. J., request of
attorneys for certified copy of certificate
authorizing exercise of
James River National Bank and Trust Co., Jamestown, N. Bak.,
desire to surrender, letter to Comptroller of
the Currency on
Trust permits filed in connection with desire to surrender
powers returned at request of bank
Larchmont National Bank and Trust Co., Larchmont, N. Y., inquiry
on deposit of real estate mortgages in trust
department as collateral security for trust
funds deposited in commercial department
Milliken National Bank of Decatur, Ill., certificate on
surrender of right to exercise
of Shenandoah, Pa., application approved
Bank
National
Miners
upon conversion from State bank
National Bank of Charleroi, Pa., application approved
National Bank of Logansport, Ind., application approved
National City Bank of New York, request for permission to
exercise by branches in Manila and Cebu,
Philippine Islands
Painesville National Bank and Trust Co., Painesville, Ohio,
resolution on surrender of right to exercise,
and change in title suggested
Peru National Bank, Peru, Ill., deposit liabilities assumed by
State National Bank of Peru, desire to surrender
right to exercise
Certificate for surrender not now considered necessary
Plainfield National Bank, Plainfield, N. J., application
approved
Rockport National Bank, Rockport, Mass., application approved
San Angelo National Bank, San Angelo, Texas, application
approved
Sixth National Bank of Philadelphia, Pa., application to
surrender right to exercise
State National Bank of Peru, Ill., permission to act in specific
trusts taken over from other banks, application
for full powers to wait until after next
examination




Pages

5/12 387

6/13 489
4/25 340

1/22 55
3/1
156
4/16

319

5/16

396

6/23 518

1/15

20

6/3

443

5/20

411

3/1

157

6/15 495
2/25 130
1/20
50

5/16

398

3/1

157

1/22 55
2/15 112
2/15 111
4/5
273
1/7
4/11

8
298

2/25 130

41
Pages
Fiduciary powers: (Continued)
Union National Bank, Cadiz, Ohio, application for surrender of,
referred to Comptroller of the Currency
Union National Bank of Youngstown, Ohio, application approved
United States National Bank of Eugene, Ore., permission to
probate will and execute provisions under
authority previously granted
Action on application for full trust powers again deferred
and permission to act as custodian for Eugene
Fruit Growers Association denied
credit
and
Finance
companies, bill to amend FRAct to make notes
subject to discount, report for signature of
Secretary of Treasury opposing
Finance company paper, reply to letter from National Association of
Finance Companies on eligibility for rediscount
Financial Commission of Japanese Government, reply of MBank of
Dallas to request for names, capital, and
reserves of member banks in district
statements
of borrowers, recommendation of examiners that
Financial
branches of FRBank of St. Louis retain originals
or certified copies
Reply of FRAgent to comments and present practices to be
continued for time being
Floersheim Mercantile Co., Roy, N. Mex., letter from Senator Bratton
with circular on preferred claims against failed
banks, reply approved
Foreign banking corporations:
Atlantic Corporation of Boston, Mass.:
Assessment for expense of examination of
Report of condition, request withheld pending discontinuance
of agreement with FRBoard
Stock to be trusteed for benefit of Shareholders of Atlantic
National Bank and agreement with FRBoard to be
cancelled
Agreement terminated
Chase Bank:
Condition report as of Dec. 31 requested
Foreign branches:
Hongkong, China, copies of examination report to be
forwarded when received
Power to hold immovable properties in colony of
Hongkong as security for obligations
Report of examination of
Paris, France, removal from 31 Avenue George V to
29 Avenue George V approved
Shanghai, China, copies of examination report sent to
bank
Tientsin, China, copies of examination report forwarded
to bank
First Federal Foreign Banking Corporation:
Condition report as of Dec. 31 requested
Credit investigation, cost to be deposited with FRBank of
New York




4/25 341
1/18
43

1/19

45

6/29 539

6/29

540

3/17

211

4/1

262

3/17

212

4/16

321

3/21

222

2/15 115
1/15

18

2/25 135
3/3
167
1/15

18

4/20 32?
2/25 132
5/20 408
6/20 502
2/25 131
4/20 32?
1/15

18

1/18

29

42

Pages

Foreign banking corporations: (Continued)
First Federal Foreign Banking Corporation: (Continued)
Directors, certificate of election of, reply that number
elected should conform to number provided for
by articles of association
4/20
Advised to elect additional directors or amend articles
of association
5/9
No action until next annual meeting of stockholders
5/26
Stock, capital, adjustments required in connection with
reduction in
1/15
French American Banking Corporation:
Condition report as of Dec. 31 requested
1/15
International Acceptance Bank, Inc.:
Condition report, request withheld pending discontinuance of
agreement with FRBoard
1/15
Advice to corporation of termination of agreement and
condition reports now not required
2/11
Cost of recent examination and amount to be deposited with
FRBank of New York
1/15
International Banking Corporation:
Condition report as of Dec. 31 requested
1/15
Foreign banks:
Austrian National Bank, participation by RBank of New York in
renewal of credit to
1/8
Renewal of participation in credit by PRBank of New York
approved
4/8
Telegrams from Governor Harrison and Deputy Governor Crane
on renewal of credits and certain modifications
in conditions
4/16
Banco Central de Bolivia, La Paz, Bolivia, account to be opened
by FRBank of New York for
2/25
Bank of England, has not drawn on credit with MBank of New York
for three months and will not ask for renewal,
credit with Bank of France will be repaid by
Feb. 1
2/1
Bank of France:
Amount of credit of Bank of England with, to be repaid by
Feb. 1 and renewal not to be asked
2/1
Policy of repatriating gold through conversion of its bank
balances and bill holdings in this market, plan
of earmarking gold immediately to be suggested
by Governor Harrison to Bank
6/2
Hungarian National Bank, participation by PRBank of New York in
renewal of credits to
1/8
participation
in credits by MBank of New York
Renewal of
approved
4/8
Telegrams from Governor Harrison and Deputy Governor Crane
on renewals of credits with certain modifications
of conditions
4/16
National Bank in Copenhagen, Denmark, account opened by FRBank
of New York for
1/7
participation
by FRBank of New York in renewal of
Reichsbank,
credit to, approved
1/22
Participation by FRBank of New York in renewal of credit for
one month
2/11



333
382
433
21
18

18
97
17
18

11
290

316
129

74

75

484
10
293.

316
3
53
98

43
Pages
Foreign banks: (Continued)
Reichsbank: (Continued)
Renewal of participation for three months by PRBank of New
York
Reduction in rate of interest on central bank credit to,
because of reduction in discount rate
Renewal of participation in credit by MBank of New York for
three months approved
Advice that all participants to credit had agreed to full
renewal, with change in rate and certain
conditions
Foreign branches: (See Branch banks, foreign)
Foreign obligations not to be accepted as collateral security for
advances under Secs. 10(a) and 10(b) of FRAct
Forms:
Exemption of MBank of Philadelphia and Pittsburgh Branch from
State taxes on motor fuels in Pennsylvania,
Form No. 41 not appropriate
Loans under Sec. 10(a) of FRAct, suggested changes to be sent to
Mr. Rounds
Loans under Sec. 10(b) of FRAct, proposed for use by MBank of
Chicago, approved with suggested changes
Promissory notes for advances under Sec. 10(b) of FRAct, reply
to ItiBank of St. Louis approving change in
87, application by receiver of insolvent member bank for
surrender of stock, revised to eliminate
requirement of certified copy of cammission
105, condition report of State member banks, changes in
Method of showing advances under Sec. 10(a) of FRAct in
published statements of member bank

3/3

168

3/23

230

5/20 413

6/6

473

6/23

518

4/5

277

4/6

281

4/6

280

3/21

221

1/7
5/20

3
414

5/23 423

iln11

German Reichsbank: (See Foreign banks)
Glass Bill: (See Legislation, S. 4115)
Glass-Steagall Act, operations of FRBanks under, reply to letter
from Congressman John L. Cable
Gold:
Bank of France, policy of repatriating through conversion of
bank:balances and bill holdings in this market,
and plan for earmarking for MBank of New York
Free, held by FRBanks, estimate to be eliminated from daily
statement of condition of FRBanks
Position of FRBanks discussed by Open Market Policy
Conference in connection with purchases of
securities
Shipments from member banks to PRBank of Kansas City, abrasion
losses to be absorbed by FRBank for temporary
period
Goldsborough, Congressman T. Alan, request for representatives of
PRBoard to attend hearings on stabilization
before Committee on Banking and Currency of
House
Statement of Governor Meyer at hearing approved



6/15 497

6/9

484

3/1

158

4/12 306

3/25

235

3/15 202
5/6
366

44

Pages

Government securities:
Borrowings of member banks against, manner of reporting by FRBank
of San Francisco
Collateral for FRnotes: (See FRnotes)
Held by FRBanks, table shoring amount of, prepared in accordance
with S. R. 211
Open market operations: (See Open Market Policy Conference)
Practice of FRBank of Cleveland in taking as collateral for
borrowings of member banks at market price
instead of par value
Purchased and sold by FRBanks subsequent to passage of GlassSteagall Bill, reply to Congressman Vinson on
Governors Conference: (See Conferences, Governors)
Guaranty fund, bank depositors, reply to Mr. Lowman expressing
opposition to bill providing for

6/13 491

6/6

470

2/25 140
6/6

470

3/9

182

IT"

Hartford, Conn., temporary establishment of currency stations in
Hartford National Bank and Trust Co., and in
Phoenix State Bank and Trust Co.
1/18
Hearings:
Committee on Banking and Currency of House on stabilization,
representatives of FRBoard invited to be present 3/15
Committee on Banking and Currency of Senate on stabilization
bills, Governor Meyer and Mr. Miller to appear
before
5/17
FRBoard:
Citizens State Bank, Memphis, Texas, on forfeiture of
membership because of deficient reserves
6/9
First State Bank of Roby, Texas, on forfeiture of membership,
set for May 16
4/11
Forney State Bank, Forney, Texas, on forfeiture of
membership, set for March 29
2/25
Hearing held before FRAgent, no action until
recommendation of directors of MBank after next
meeting
4/1
Junction State Bank, Junction, Texas, on forfeiture e
membership, to be held on May 17
4/11
Committee
of House on bills for payment of
'Jays and Means
adjusted service certificates, no objection to
Mr. Goldenweiser appearing in personal capacity 4/16
request
of Mr. McFadden for opinion of FRBoard on
Home Loan Banks,
bill to establish
5/23
Hungarian National Bank: (See Foreign banks)

29

202

405

480
299
137

256
300

321
425

nil

Idaho, Banking Department of, form of examination of State banks and
information on State member banks furnished to
FRBank of San Francisco
•
1/7
Industrial statistics, bill to discontinue monthly collection by
Bureau of the Census opposed by FRBoard
6/3




5
458

45
Pages
Insolvent banlrs, bill to provide for advancement of funds to
receivers of, views of FRBoard on
Insurance, group life on employees of MBank of St. Louis retired on
account of disability or old age, question of
carrying on payroll at nominal salary
Interior Department, National Bank Examiner H. N. Stronck detailed
to, to examine banks in Virgin Islands
Interlocking directorates:
Applications approved:
Abraham, Ira
Alexander, V. J.
Anderson, Alden
Ankeny, John D.
Augustine, W. Y.
Austin, Frank E.
Bacigalupi, D. E.
Baker, C. H.
Barbour, John Edwards
Barnett, D. M.
Bauer, Harry W.
Bensen, C. Wesley
Beretta, J. K.
Berryman, James W.
Blandin, C. K.
Blauer, W. E.
Bocqueraz, Leon
Bocqueraz, Roger
Bowman, C. A.
Bradley, Jerome
Brewer, C. S.
Brewer, Joseph H.
Brooks, John H.
Brown, B. C.
Burger, Ferdinand T.
Busch, August A.
Byrd, Harry Flood
Caglieri, G. E.
Campbell, George H.
Cereghino, J.
Chapman, C. C.
Clayton, J.
Clinger, Avery G.
Cole, Herbert M.
Cole, Robert D.
Coleman, J. A.
Connell, G. W.
Connell, W. E.
Connor, W. 0.
Corotto, John A.
Cotton, H. H.
Cumby, J. M.
Curran, William
Davies, W. L. J.
Davis, Wirt



6/6

471

6/3

453

3/4

172

6/27
4/11
1/15
6/15
2/5
3/9
6/27
6/27
6/15
2/5
6/20
2/5
4/20
6/20
5/16
6/27
6/27
6/2?
3/15
6/20
2/3
6/9
4/1
6/27
2/3
2/11
5/6
6/27
2/3
6/27
6/27
5/16
2/11
2/1
4/5
4/16
3/25
3/15
3/9
6/27
6/27
3/9
2/11
3/3
3/15

533
304
25
499
92
137
533
533
499
93
509
92
336
509
401
531
533
533
205
509
83
485
264
528
83
106
375
532
83
528
532
401
106
77
279
325
240
204
186
532
532
186
106
171
205

46
Interlocking directorates: (Continued)
Applications approved: (Continued)
Devoto, A. A.
Dolfield, Frederick A.
Dorman, D. M.
Dowd, W. Frank, Jr.
Dreher, Fred L.
Dugan, M. J.
Dukehart, Graham
Dunn, T. F.
Edoff, Frank J.
Ennis, Scott F.
Faircloth, Charles A.
Fawcett, Will S.
Fay, Charles W.
Fay, Paul B.
Fennimore, W. D.
Fergus, Clifford B.
Ferrari, Louis
Flather, Frederick A.
Fletcher, John F.
Flint, P. W., Jr.
Foley, E. T.
Fontana, Mark E.
Forster, B. D.
Fox, Walter A.
Frank, H. W.
Frost, E. A.
Gardner, Walter H.
Ghirardelli, Alfred
Giannini, A. H.
Giannini, A. P.
Giannini, George J.
Giannini, L. M.
Gilliland, Charles L.
Gock, A. J.
Goodell, D. P.
Granbery, E. Carleton
Grangaard, M. 0.
Grennan, John A.
Gunst, Morgan A.
Haddock, John C.
Hadra, J. M.
Hale, Marshal
Hale, P. C.
Halsell, Hugh
Hammond, Horace
Hammond, Joseph P.
Hammond, Trevor 0.
Hanson, Victor H.
Harrelson, Wm. H.
Hawkins, C. N.
Hendricks, H. G.
Hendrixson, Charles E.
Herrigel, Fred, Jr.



Pages

6/27
3/9
6/27
1/25
6/27
4/1
4/5
3/3
6/27
6/27
2/5
6/27
6/27
6/27
6/27
4/11
6/27
1/22
3/18
6/27
5/16
6/27
3/1
2/3
6/27
3/3
2/5
6/27
6/27
6/27
6/27
6/27
6/29
6/27
3/26
3/26
5/16
6/27
6/27
4/4
4/16
6/27
6/27
5/6
4/2
2/5
1/15
3/18
6/27
6/27
6/15
6/27
5/6

528
186
532
62
532
264
279
171
532
533
92
529
532
532
532
304
530
58
217
530
402
531
161
84
531
171
92
531
529
529
530
530
542
529
245
246
401
529
531
271
324
530
533
376
267
92
25
217
528
531
499
527
375

47
Pages
Interlockins directorates: (Continued)
Applications approved: (Continued)
Hill, Louis W., Jr.
Hilson, Hugh H.
Hultquist, C. C.
Hunt, Edwin W.
Jacob, E. W.
Jacoway, H. M.
Johns, William H.
Johnston, Manly H.
Kell, Frank
Kemper, W. T., Jr.
Kennedy, Henry B.
Kenney, William P.
Kirkpatrick, J. D.
Kroger, Bernard H.
Kurth, J. H., Jr.
Lacy, W. G.
Lawther, Joe E.
Leahy, J. F.
Leemar, P. J.
LeGrow, F. S.
Leonard, J. D.
Linthicum, E. E.
Longmoor, Stanley A.
Lynch, Clay F.
Lynch, C. McK.
Malone, John E.
Marble, John E.
Marcell, L. L.
Martin, M. J.
Mayer, Louis B.
Mazerra, H. A.
McCune, Charles L.
McCutchen, C. E.
McDonald, W. L.
McKee, Henry S.
Mears, Adelbert W.
Meek, B. B.
Miller, Clay
Mills, Ben
Moore, Charles R.
Moore, L. K.
Yorlan, A. F.
Morris, Edward
Morris, Nelson
,Morrish, Will F.
Morton, Lindley C.
'Murray, Eugene
Nims, E. D.
0mohundro, L. S.
Ottis, Frank J.
Owens, John E.



5/16
2/5
3/26
4/1
1/25
1/7
4/20
3/25
2/25
4/2
4/16
2/5
6/27
3/26
6/9
2/25
1/15
6/27
3/26
4/2
4/5
4/5
2/25
2/3
1/15
4/13
6/2?
3/9
5/12
6/27
6/2?
4/7
4/2
3/26
6/9
6/27
2/11
6/27
6/2?
2/18
2/25
3/11
6/27
1/15
2/11
6/27
4/16
2/18
4/2
4/16
5/16
1/7

401
92
246
264
62
9
335
241
147
267
324
92
528
246
485
147
25
529
245
267
279
279
147
83
24
311
531
186
391
531
531
287
267
245
485
530
106
531
529
124
147
198
533
25
106
528
324
124
268
325
401
9

48

Pages

Interlocking directorates: (Continued)
Applications approved: (Continued)
Paine, Eustis
Palmer, Edith S.
Patten, Z. C.
Payne, Geo. L.
Petri, Angelo
Platt, Geo. E.
Potter, Justin
Pratt, Walter S., Jr.
Rabb, C. E.
Rathbun, R. B.
Read, Ben P.
Ronson, C. L.
Boman, J. E.
Romfh, E. C.
Rotering, V. P.
Royall, J. W.
Royal', Tucker
Sanson, Harold R.
Saunders, Charles D.
Sharboro, A. E.
Scampini, A. J.
Schenck, Joseph M.
Schneckenburger, Walter W.
Seufert, T. J.
Shadden, E. B.
Shaughnessy, P. A.
Shill, C. M.
Siegel, Myer
Simms, Charles H.
Sims, Henry Upson
Singleton, M. E.
Skeels, Hamer L.
Skelly, W. G.
Sordoni, Andrew J.
Stewart, John T.
Stockton, Philip
Strickland., Robert, Jr.
Sullivan, C. J.
Sullivan, John J.
Thomas, 0. G.
Thurber, E. R.
Tomlinson, W. E.
Trafford, B. W.
Tuttle, William M.
Tutwiler, T. W.
Tydings, Millard E.
Tynes, W. D.
Viakrey, 0. A.
Vincent, Prank Brooks
WAggener, Leslie
Wallace, John Elmer
Wallace, Thomas C.



2/5
2/11
3/26
6/27
6/27
6/27
4/20
2/18
2/3
5/16
2/25
4/29
2/18
3/1
5/16
4116
5/6
4/1
3/18
6/27
6/27
6/27
2/18
6/9
3/1
2/3
4/2
3/9
6/27
3/15
6/27
6/27
2/5
4/2
4/1
3/1
3/3
5/12
6/27
6/15
4/16
6/27
5/6
3/3
2/5
4/2
6/3
6/2?
6/27
4/1
3/9
4/2
2/3

92
106
245
533
533
528
335
124
83
401
146
358
124
161
401
324
376
265
217
530
534
528
124
485
161
84
267
186
529
205
527
527
92
267
264
161
163
391
529
499
324
529
375
163
92
267
463
528
530
264
187
267
83

49
Pages
Interlocking directorates: (Continued)
Applications approved: (Continued)
Walthour, Christ C.
Walton, P. L.
Wearn, J. H.
Whitaker, Albert C.
White, Edw. H.
Wilson, George E., Jr.
Yates, T. W.
Yielding, F. B.
Young, H. Lane
Zentner, J.
Miscellaneous:
Applications submitted at different times to be accompanied
by statements of each bank involved with last
published report of condition
Boettcher, C. K., application not approved and additional
facts or arguments to be considered
Chase National Bank and Central Hanover Bank and Trust Co.,
New York City, FRAgent to report if relations
between banks require revocation of permits
granted to serve both banks
George, P. D., action on application deferred until
disposition of stockholdings by bank involved
Jones, W. J., action on application deferred until
disposition of stockholdings by bank involved
Kenney, William P., no permit necessary as First Trust Co.
does no commercial banking business
Mudd, E. J., action on application deferred until
disposition of stockholdings by bank involved
Stix, E. W., action on application deferred until
disposition of stockholdings by bank involved
Vanderbilt, Cornelius, new permit not necessary because of
consolidations of banks, FRAgent to report if
relations between banks involved require
revocation of permit

Japan, request of Financial Commission for names of member banks in
Dallas District with amount of capital and
reserves of each bank
letter to be sent by Governor Fancher on
of
draft
Johnston, A..,
closing of Standard Trust Bank of Cleveland

2/11
4/7
1/15
2/11
6/27
3/9
3/1
6/27
4/13
6/27

106
286
25
107
530
186
161
528
311
530

6/23 517
3/15 199

5/20 410
3/18

215

3/18

215

4/7

284

3/18

215

3/18

215

5/20 410

4/1

262

2/25

132

2/16

117

IIKII

Kansas, amount of currency shipped to each national bank in,
information not to be furnished committee in
connection with anti-hoarding campaign
Kent, J. K., inquiry on whether employees of FRBanks are Government
employees in connection with income tax law of
Oklahoma




4/25 345

50
Ketcham, Congressman John
Jones
given
Knoxville, Tenn., special

Pages
C., letter enclosing letter from A. L.
on eligibility for rediscount of notes
in payment for livestock
custody arrangement by FRBank of Atlanta

Lawrence Warehouse Co. of San Francisco, letter from attorneys of
company suggesting general conference on
warehouse receipts and reply asking if they have
supplementary information to present .
Legislation:
Adjusted service certificates, hearings being conducted before
Ways and Means Committee of House, no objection
to Mr. Goldenweiser appearing in personal
capacity before
Affecting FRSystem, no objection to appointment of committee of
Governors of FRBanks to consider
Branch banking, new provisions of State laws to be published in
.Ba6ml1etin
Glass Bill, opposed because it would repeal amendment contained
in S. 2409 making debentures of Federal
Intermediate Credit Banks eligible as security
for advances
Glass-Steagall Bill:
Conference of Governors to discuss procedure under,
discussed
Loans under: (See Loans)
Operations under, reply to Congressman Cable on extent of
Resolution of Conference of Governors on principles and
procedure under, and committee selected to work
out procedure and forms
H. J. Res. 115 to transfer certain ex-service men to classified
Civil Service, reply to Congressman Shott on
H. R. 7370, bill to provide for advancement of funds to
receivers of insolvent banks and other purposes,
views of FRBoard on
H. R. 7620, to create Federal Home Loan Banks, reply to Mr.
McFadden with views of 2R3oard on
H. R. 8931, reply to Congressman Steagall with views of FRBoard
and similar to reply to Senator Steiwer on
S. 2409
H. R. 10517, Goldsborough Bill, for increasing and stabilizing
price level of commodities, statement of
Governor Meyer at hearing approved
H. R. 11424, directing Secretary of Commerce to discontinue
monthly collection by Bureau of the Census of
certain industrial statistics, opposed by
FIRBoard
H. R. 11499, to restore and maintain purchasing power of the
dollar, opposed by FRBoard
Public 138, 72nd Congress authorizing use of debentures of
Federal Intermediate Credit Banks as security
for member banks fifteen day notes, to be
published in FRBulletin



2/25 141
6/20 501

2/25 138

4/16

321

4/25 346
6/13 492

6/3

459

2/18

119

6/15 496

2/25 143
2/15 115

6/6

471

5/23 424

3/9

182

5/6

366

6/3

458

6/3

459

6/3

454

51
Pages
Legislation: (Continued)
Reconstruction Finance Corporation Act: (See Reconstruction
Finance Corporation)
Redemption of defaced national bank notes, FRnotes and RBank
notes by Treasury Department, reply to Mr.
Ballantine on
S. 197, to restore and maintain the level of wholesale commodity
prices, letter for signature of Secretary of
Treasury opposing bill
S. R. 211, reply with table showing amount of Government
securities held by FRBanks, with amount of
purchases and sales each month
S. 1197, to provide for liquidation and refinancing of farm
mortgages at reduced rate of interest through
Federal Farm Loan System, etc., views of
FRBoard on
S. 2409, reply to Senator Steiwer on Secs. 5 and 6 on discount
of bills indorsed by Federal Intermediate Credit
Banks, etc.
Proposed amendment to Glass Bill to preserve amendment made
by Sec. 6 of S. 2409
S. 2491, to prohibit use of mail in bucket-shop transactions and
short sales of securities, reply to Assistant
Secretary of Treasury on
S. 2675, providing for emergency circulation, etc., reply to
Senator Walsh that enactment is inadvisable
S. 3215, FRBoard invited to submit criticisms of provisions of
bill and mel
,
e suggestions, telegram to FRAgents
and Governors for views
S. 3324, to insure deposits in Federal banks or State banks with
Federal reserve membership, letter to Committee
on Banking and Currency of Senate
S. 3826, for establishment and mAintenance of bank depositors'
guaranty fund, reply to Mr. Lowman expressing
opposition to
S. 3971, to establish Federal Guaranty and Insurance Corporation
to protect bank depositors, reply to Mr. Douglas
opposing bill
S. 4058, proposed amendment to Sec. 13 of FRAct to allow FRBanks
to make advances on promissory notes secured by
first liens on Improved farm lands, not
considered beneficial
S. 4115, to be substituted for S. 3215, letter to Senator Glass
on attitude toward bill and possible changes
Report to be submitted by FRBoard to Senate Committee on
Banking and Currency, Messrs. Morrill, Wyatt,
Goldenweiser, and Smead to prepare
Letter from Senator Glass on bill and on authority of
representatives of FRBoard and FRBank of New
York to speak before committee
Reply of Governor Meyer to Senator Glass read and laid on
table for later meeting
Reply of Governor Meyer revised and approved




5/23 425

3/10

189

6/6

470

4/7

285

3/3

169

6/3

459

4/1

261

2/11 103

1/26

67

3/10

189

3/9

182

4/8

293

4/20 333

3/18 215
3/21

223

3/25

236

3/25 237
3/26 245

52

Pages

Legislation: (Continued)
S. 4115: (Continued)
Report of committee submitted and revised for transmittal
with letter to Chairman of Senate Banking and
Currency Committee
3/28
Amendments to Sec. 14 of PRAct and Sec. 5136 of Revised
Statutes, letter to Chairman of Committee on
Banking and Currency of Senate on
4/6
Letter to Aesistant Secretary Douglas on provisions for
creating Federal Liquidating Corporation
4/8
Views of Open Market Policy Conference not to be transmitted
to Committee on Banking and Currency of Senate
4/13
Reply to Mr. McDougal stating position, approved
4/16
Recommendations of Federal Advisory Council to be published
in FRBulletin
4/13
S. 4350, to provide for Immediate payment of World War adjusted
service certificates and other purposes, letter
for signature of Secretary of Treasury
6/29
S. 4412, reply of Governor to request of Senator Glass with
comments and suggestions on
5/9
S. 4415, letter to Governor Calkins on report on bill with
criticisms of acceptance practices under FRAct
5/6
S. 4429, to charge FRBoard, FRBanks, and Secretary of Treasury
with duty of maintaining average purchasing
power of dollar, etc., enactment opposed
5/16
S. 4454, bill to amend Sec. 1$ of PRAgt to make notes of
automobile finance companies subject to discount,
report for signature of Secretary of Treasury
6/29
S. 4473, to designate certain member banks as auxiliary
rediscounting banks and certain nonmember banks
as associate members, letter for signature of
Secretary of Treasury opposing
5/16
S. 4550, bill to amend Sec. 13 of FRAct to make notes finance
and credit companies subject to discount, report
for signature of Secretary of Treasury
6/29
S. 4559, to amend Secs. 10(b) and 16 of FRAct, report to
Committee on Banking and Currency of Senate for
signature of Secretary of Treasury and letter to
Senator Goldsborough
6/20
use of mails, etc., in furtherance of
prevent
S. 4647, to
fraudulent transactions on stock exchanges, no
comments to be mwie on
5/26
Stabilization bills, Governor Meyer and Mr. Miller to appear
before Caudittee on Banking and Currency of
Senate at hearing on
5/17
Lever, John C., reply to letter on eligibility for rediscount of
paper the proceeds of which are used for
drilling of oil wells
6/6
Lewis, Senator J. Hamilton, letter on requirements of FRBank of St.
Louis that borrowings of First National Bank of
Livingston, Ill., be handled on collateral note
basis
2/25
Lichtenstein, Walter, letter of Mr. Hamlin on certain statements
in address made by
5/23




247

282
293
309
322
310

541
383
373

399

540

399

540

508

433

405

470

139
427

53
Pages
Livestock paper, letter from Congressman Ketcham on eligibility for
rediscount at FRBanks of notes given in payment
for livestock
2/25 141
Livingston, William H., present at meeting of FRBoard to present
plans for enlargement of building of FRBank of
Philadelphia
1/26
63
Loans:
Advances under Sec. 10(a) of FRAct:
Forms in connection with, suggested changes to be sent to
Mr. Rounds
4/6
281
Member bank beneficiary must be co-maker of group note,
application of State laws to section and
requirements in connection with resolution
adopted
5/23 424
Method of showing in published statements of member banks
5/23 423
Advances under Secs. 10(a) and 10(b) of FRAct:
Amount of, reply to Congressman Cable on
6/15 496
Collateral accepted as security for, telegram to all
Governors of FRBanks on manner of reporting, and
prohibition against acceptance of obligations of
foreign governments, etc., must be observed
6/23 518
Eligibility as collateral of notes representing loans of
member banks whose capital and surplus have been
impaired by losses
3/26 244
Procedure under, letter to be sent to Governors of FRBanks
3/10 190
Letter to be sent by FRBanks to member banks
3/10 192
Rate to be fixed by FRBank of Atlanta at one per cent above
discount rate of bank
3/15 202
Rate fixed by FRBank of Atlanta at
per cent, advised
that rate will be approved in each case
4/11 295
Letter to FRAgent on rate approved and also suggested
that limit be placed by Directors on amounts of
advances to be made by Executive committee
4/20 332
Rate of 5 per cent established by FRBank of Kansas City, Mr.
Magee to telephone attitude of FRBoard to
FRAgent
3/18 216
Action rescinded and each application to be considered
separately
4/11 296
Telegram to Mr. McConkey on procedure under
3/1
153
Telegram to Governor Calkins on loans under
3/1
153
Advances under Sec. 10(b) of FRAct:
Amen6mpnt to Section to make it permanent and other changes
proposed in S. 4559
6/20 508
American Bank and Trust Co., New Orleans, La., application
approved
6/20 503
Anglo California Trust Co., San Francisco, Calif.,
application approved
4/16 315
Additional advance pending consolidation with Anglo and
London Paris National Bank and loan from
Reconstruction Finance Corporation
6/13 488
Circular of FRBank of St. Louis to member banks outlining
procedure in applying for, changes =proved
3/21 221
Citizens National Bank and Trust Co., Hornell, N. Y.,
application approved
5/2 362



54
Loans: (Continued)
Advances under Sec. 10(b) of FRAct: (Continued)
Departmental bank in California, conditions under which
application will be approved
East Orange Trust Co., East Orange, N. J., application
approved
Farmers National Bank, Theresa, N. Y., application approved
First National Bank of Amarillo, Texas, loan to be granted
upon receipt of advice of collateral offered as
security
First National Bank, Bolivar, N. Y., application approved
First National Bank of Mamaroneck, N. Y., application
approved
First National Bank of Port Arthur, Texas, advance by MBank
of Dallas for sixty days approved
First National Bank of Russellton, Pa., application approved
First National Bank:and Trust Co. in Orlando, Fla.,
application approved
Form of certification to be included by member banks in
applications, telegram to FRBanks approving
Forms for use by MBank of Chicago, certain changes
suggested
Franklin Washington Trust Co., Newark, N. J., anplication
approved
Additional advance of $600,000 approved
Gavitt National Bank, Lyons, N. Y., application approved
Georgia Savings Bank and Trust Co., Atlanta, Ga.,
application approved
Haledon National Bank, Haledon, Paterson P. O., N. J.,
application approved
Interest may be deducted in advance, reply to FRBank of
Richmond approved
Jefferson Trust Co., Hoboken, N. J., application approved
Lincoln National Bank of Newark, N. J., application approved
Application for additional advance approved
National Bank of Commerce, Lorain, Ohio, application
approved
Advance renewed for thirty days
Advance renewed for thirty days
National Tradesmens Bank and Trust Co., New Haven, Conn.,
application approved
National
Bank and Trust Co., Newark N. J.,
New Jersey
application approved
Old National Bank and Union Trust Co., Spokane, Wash.,
application approved
Peoples National Bank, Southbridge, Mass., application
approved
Authority extended to June 30
Quincy Trust Co., Quincy, Mass., application approved for
two weeks period
Authority extended to Juno 2
Authority extended to June 16
Authority extended to June 30
Sunrise National Bank and Trust Co., Baldwin, N. Y.,
application not approved



Pages

4/11 297
6/20 503
5/26 429

4/1
6/3

262
440

5/26 429
5/20 408
4/1
253
6/29

536

4/6

281

4/6

280

6/13 487
6/27 523
6/27 523
6/15 494
6/23 512
4/8
6/6
4/16
6/13

289
474
314
487

4/5
5/6
6/6

275
367
464

6/20 502
4/29 349
4/16

313

6/3 440
6/20 502
5/6
5/20
6/3
6/20

368
408
439
502

6/23 512

55
Pages
Loans: (Continued)
Advances under Sec. 10(b) of FRAct: (Continued)
Tulsa, Okla., possibility of receipt of applications from
member banks in
United States Trust Co., Boston, Mass., application approved
Authority extended to May 19
Authority extended to June 2
Anthority extended to June 16
Authority extended to June 30
Worcester Bank and Trust Co., Worcester, Mass., authority
to FRBauk of Boston approved
Extension of authority to June 16 approved
Authority extended to June 30
Logan, Senator M. M., letter with request of Peoples State Bank of
Scottsville, Ky., to transfer, it from Eighth to
Sixth FRDistrict

3/15
4/29
5/12
5/20
6/3
6/20

201
349
390
408
439
502

5/23 418
6/3
438
6/20 502

6/15 496

UMII

Mail:
Bucket-shop transactions and short sales of securities, reply
to Assistant Secretary of Treasury on S. 2491
on use in
Fraudulent transactions on stock exchanges, o opinion by FRBoard
on bill to prevent use in furtherance of
McDermott, Enright, and Carpenter, request for certified copy of
certificate issued to Hudson County National
Bank to exercise fiduciary powers
McFadden, Hon. Louis T., request for opinion of FRBoard on bill to
create Federal Home Loan Banks
McKay, Withers, and Ramsey, Attorneys, payment of fee in connection
with liquidation of assets of Citizens Bank and
Trust Co., Tampa, Fla.
McKeever and Goss, Inc.: (See Shoreham Building)
Membership in FRSystem:
Bank of Moorefield, Nebr., application approved
Bank of Wood County Co., Bowling Green, Ohio, suggestion that
bank request FRBoard not to take action on
application at present and to submit new
application when condition is improved
Bond depreciation of banks applying for, reply to FR.gent at
Richmond on treatment of
Builders Trust Co., Minneapolis, Minn., application for
membership not favored because business not of
character contemplated by Filet
Citizens Bank and Trust Co., Mobridge, S. nak., application
disapproved
Colorado Bank and Trust Co., Delta, Colo., application approved
Farmers and Merchants Bank, Caldwell, Ohio, application approved
Unable to comply with conditions of membership and
application withdrawn
Farmers State Bank, Faith, S. Dak., application approved
Federation Bank and Trust Co., New York City, desire to retain
membership if it reopens



4/1

261

5/26 433

6/23 518
5/23 425

1/19

47

3/11 197

6/13 489
2/9

178

6/23 516
5/9
381
3/4
174
5/23 419
6/29
1/26

538
66

5/23 420

56

Pages

Membership in FRSystem: (Continued)
First Capital State Bank, Iowa City, Iowa, application approved 5/2;
First National Bank, Ketchikan, Alaska, procedure in applying
6/27
First State Bank, Modsonville, Texas, application approved
3/3
Georgia Railroad Bank and Trust Co., Augusta, Ga., application
approved
1/7
Glenwood State Bank, Glenwood, Iowa, application approved
1/22
Illinois Bank and Trust Co., Rockford, Ill., application
approved
6/27
Mechanics Bank and Trust Co., Moberly, Mo., application approved 3/25
Merchants and Farmers Bank of Greene County, Eutaw, Ala.,
application approved
6/9
Michigan member banks for which custodians have been appointed
under laws of State, status of
5/20
Moore State Bank, Llano, Texas, application approved
5/12
Ontario County Trust Co., Canandaigua, N. Y., application
approved
6/23
Peninsula Bank and Trust Co., Williamsburg, Va., certain
conditions to be met before application is
approved
5/16
Peoples City Banlr, McKeesport, Pa., action on application to
await new recommendation after examination
4/1
Application approved
5/23
Roby State Bank, Roby, Texas, application not approved but will
be again considered after examination and report
by FRAgent
5/23
Roscoe State Bank, Roscoe, Texas, application withdrawn
4/13
Security State Bank of San Juan, Texas, application submitted to
FRAgent and withdrawn, explanation of use of
phrase Member Federal Reserve's on checks
6/23
Somerville Trust Co., Somerville, Mass., extension of time to
complete arrangements for membership
1/15
Extension to March 1 of condition on increase in capital and
surplus
2/11
State member banks: (See State member banks)
Steuben Trust Co., Hornell, N. Y., to be advised to request
PBBoard not to act on application at present and
submit new application later
6/3
Union Savings Bank and Trust Co., Steubenville, Ohio, suspended,
application returned to FRAgent at Cleveland for
recommendation of membership committee and
additional information
4/20
Michigan, membership of certain banors for which custodians have been
appointed, questions on termination of
membership, cancellation of FRBank stock, etc.
5/20
Mortgages:
Farm, views of YRBoard on S. 1197 to provide for liquidation and
refinancing at reduced rate of interest through
FRSystem, etc.
4/7
Beal estate, advice that notes had not been removed from assets
of Chauteau Trust Co., St. Louis, Mo., according
to condition of membership
4/1
Real estate, may not be deposited in trust department as
collateral security for trust funds deposited in
commercial department
5/20



363
525
164
9
58
525
235
479
412
387
514
395
260
419
419
309

516
20
97

446

330

412

285

255
411

57
Pages
Mutual Savings Central Fund, Inc., not considered as bank within
meaning of PRAct

5/6

374

ON II

National Association of Finance Companies:
Bill proposed to amend Sec. 10(b) and Sec. 16 of FRAct, letter
to Senator Goldsborough on
6/20
Eligibility of finance company paper for rediscount, reply to
3/17
letters on
National Bank in Copenhagen, Denmark, account opened by FRBadk of
1/7
New York for
5/23
National banknotes, proposed legislation on redemption of defaced
National banks:
Allenhurst National Bank and Trust Co., Allenhurst, N. J.,
reduction in stock approved and then to be
3/17
increased
Alpha National Bank, Alpha, N. J., purchase of tax anticipation
notes of Borough of Alpha by PRBank of New York 4/29
American National Bank, Grand Rapids, Mich., consolidation with
5/23
Home State Bank for Savings
Anglo and London Paris National Bank, San Francisco, Calif.,
consolidation with Anglo-California Trust Co.
6/13
proposed
Atlantic National Bank of Boston, Mass.:
2/25
Capital stock, reduction approved
Notes of nonmember banks discounted by MBank of Boston for 1/18
Bank of America National Trust and Savings Association, San
Francisco, Calif., telegram to Governor and
PRAgent at San Francisco on intervention in
contest for control of Transamerica Corporation 1/8
Plan for selection of directors to be submitted to
Corporation and to Associated Transamerica
stockholders
.
2/3
Telegram from Governor Calkins quoting replies of both
groups and further exchange of telegrams with
Governor Calkins
2/5
Beckley National Exchange Bank, Beckley, W. Va., certificate of
authority to exercise trust powers granted to
6/3
constituent national banks
Berlin National Bank, Berlin, N. H., permission to FRBank of
Boston to rediscount note acquired from
6/3
nonmember bank
Bernardsville National Bank, Bernardsville, N. J., reduction in
5/16
capital approved and then to be increased
Bonds, circulation, advice that no applications for sale were
received:
1/15
During quarter ending Dec. 31
4/6
During quarter ending March 31
Capital National Bank of Lansing, Mich., assets taksn over and
4/1
liabilities assumed of City National Bank
Carlstadt National Bank, Carlstadt, N. J., purchase of tax notes
of Borough of Carlstadt by MBank of New York
from
5/12



508
211
3
425

207
348
422
488
134
28

11

80

88

453
441
395

16
280
257

386

58

Pages

National banks: (Continued)
Carthage National Exchange Bank, Carthage, N. Y., permission to
exercise fiduciary powers in specific trusts
taken over, application for full powers to be
acted on after next examination
3/1
Central National Bank, Mount Union, Pa., to reopen for business,
application for FRBank stock approved
5/26
Central National Bank of Spartanburg, S. C., report of continued
deficient reserves
6/3
Central Valley National Bank, Central Valley, N. Y., reduction
in capital stock approved
2/25
Chatham Phenix National Bank and Trust Co., New York City,
merged with Manufacturers Trust Co.
4/8
Chelsea-Second National Bank and Trust Co., Atlantic City, N. J.:
Fiduciary powers previously granted to constituent banks,
certificate of authority to exercise
6/13
Reserves, report of continued deficiency in
6/27
Citizens National Bank, Bloomsbury, N. J., reduction in capital
stock approved and then to be increased
5/9
Citizens National Bank, Brownwood, Texas, surrender of MBank
stock approved
4/1
Citizens National Bank of Greenville, Tenn., application for
fiduciary powers disapproved because no
improvement in condition
4/20
Citizens National Bank, Indiana, Pa., report of continued
deficiency in reserves
6/29
Citizens National Bank, New Market, Va., report of continued
deficiency in reserves
4/29
Citizens National Bank, Okmulgee, Okla., report of continued
deficiency in reserves
6/9
Citizens National Bank in Waxahachie, Texas, permission to
exercise fiduciary powers taken over from
national bank and action on full powers to await
next examination
6/9
Citizens National Bank, Wellsville, N. Y., reply that paper the
proceeds of which are to be used for drilling
oil wells is not eligible for rediscount at
FRBankm
6/3
Citizens National Bank, Wessincton, S. Dak., report of continued
deficiency in reserves
3/26
restored
and no action to be taken at present
Reserves
4/25
Citizens National Bank and Trust Co., Hornell, N. Y., advance
under Sec. 10(b) of PRAct approved
5/2
City National Bank of Georgetown, Texas, report of continued
deficiency in reserves, action deferred
1/15
City National Bank of Lansing, Mich., surrender of trust powers
because tplrnn over by national bank
4/1
Comptroller of Currency to make special investigation of
trust department of Capital National Bank
4/11
Cliffside Park National Bank of Cliffside, N. J., purchase of
tax revenue notes of Borough of Cliffside by
FRBank of New York
2/25
Purchase of additional tax notes
6/27




155
430
445
133
292

489
526
381
249

331
537
350
479

480

455
242
339
362
18
256
298

127
536

59
Pages
National banks: (Continued)
Colfax National Bank, Colfax, Wash., assets taken over and
liabilities assumed by First Savings and Trust
3/9
Bank of Whitman County without approval
to
FRBoard
and
submitted
transaction
on
Information
4/1
interpose no objection
FRAgent
letter
to
Wis.,
Madison,
of
Bank
Commercial National
commenting on rediscount of paper acquired from
4/1
nonmember bank by
for
fiduciary
application
Mass.,
Concord,
Concord National Bank,
4/7
powers approved
1/7
1931
31,
of
as
Dec.
call
Condition report,
for
application
J.,
N.
Cumberland National Bank, Bridgeton,
6/3
fiduciary powers approved
notes
of
tax
of
purchase
Conn.,
Danbury,
Danbury National Bank,
5/26
Town of Danbury by FRBanir of New York from
/29
6
from
notes
tax
Purchase of additional
authority
of
certificate
Bank,
Dawson,
Ga.,
Dawson-City National
to exercise trust powers previously granted to
6/3
constituent national banks
East Tennessee National Bank, Knoxville, Tenn., application for
3/9
additional MBank stock approved
Elk National Bank of Fayetteville, Tenn., report of continued
2/5
deficiency in reserves, action deferred
Endicott National Bank, Endicott, N. Y., purchase of tax revenue
3/9
note by MBank of New York from
Farmers and Mechanics National Bank of Phoenixville, Pa.,
5/6
application for fiduciary powers approved
Farmers and Merchants National Bank, Hooker, Okla., report of
6/6
continued deficiency in reserves
Bank,
Theresa,
N.Y.:
Farmers National
5/26
Advance under Sec. 10(b) of FRAct approved
4/20
Capital reduction approved on conditions stated
Fiduciary powers: (See Fiduciary powers)
First Farmers and Merchants National Bank, Troy, Ala.,
certificate of authority to exercise fiduciary
6/20
powers granted to constituent national banks
FirstEercer National Bank of Harrodsburg, Ky., FRBank stock
cannot be surrendered until in voluntary
6/23
liquidation or receiver is appointed
First National Bank, Allegheny, N. Y., reply that paper the
proceeds of which are used for drilling oil
wells is not eligible for rediscount at FRBanks 6/3
First National Bank of Amarillo, Texas, request for loan under
4/1
Sec. 10(b) of FRAct
First National Bank, Avoca, Mich., report of continued deficiency
1/15
in reserves
First National Bank, Baker, Ore., application for fiduciary
powers granted for specific trusts taken over
from State bank, full permission to await next
6/6
report of examination
First National Bank, Bolivar, N. Y., advance under Sec. 10(b) of
6/3
FRAct approved




180
259

253
285

1
442
428
536

453
176
86
177
372
466
429
328

506

515

455
262
19

468
4/10

60

Pages

National banks: (Continued)
First National Bank of Bradenton, Fla., application for
additional fiduciary powers refused because
surplus below that required by State law
6/29
First National Bank, Bridgeville, Ohio, report of continued
deficiency in reserves
6/29
First National Bank of Carrier Mills, Ill., report of continuous
deficiency in reserves, directors to be
requested to attend conference at FRBank
1/15
First National Bank of Cheha:iis, Wash., assets acquired and
liabilities assumed by Coffman Dobson Bank and
Trust Co.
4/16
First National Bank of Clifton, N. J., purchase of tax warrants
of the City of Clifton by PRBank of New York
4/25
First National Bank, Dawson Springs, 4y., report of continued
deficiency in reserves
4/5
First National Bank of Del Rio, Texas, ceased business without
going into voluntary liquidation or receiver
being appointed
4/25
First National Bank, Dunkirk, Ohio, report of continued
deficiency in reserves
6/29
First National Bank of DuQuoin, Ill., report of continued
deficiency in reserves
5/6
First National Bank of Durham, N. C., closed after having
effected collection of check from drawee bank,
responsibility of FRBank in
6/15
First National Bank, East Rochester, N. Y., purchase of tax notes
of Village of East Rochester by FRBank of New
York from
5/6
First National Bank, Ellwood City, Pa., report of continued
deficiency in reserves
6/29
First National Bank, Englishtown, N. J., purchase of tax
anticipation note of Township of Manalapan by
FRBank of New York from
4/4
First National Bank, Fort Worth, Texas, application for
additional fiduciary powers approved
4/16
First National Bank in Gallup, N. Mex., report of continued
deficiency in reserves, no action at present
4/25
First National Bank of Gary, S. Bak., report of continued
deficiency in reserves
3/26
First National Bank, George rest, Texas, report of continued
deficiency in reserves
3/17
Letter from FRAgent that no response was made by directors
of bank and reply of FRBoard that matter was
referred to Comptroller of the Currency
4/1
First National Bank, Gibsland, La., report of continued
deficiency in reserves
3/4
First National Bank. in Highland Falls, N. Y., application for
fiduciary powers, action deferred
3/15
_Anplication again considered and denied
6/27
First National Bank of Holdredge, Nebr., application for
fiduciary powers apl,roved
6/15
First National Bank of Huntingburg, Ind., report of continued
deficiency in reserves
5/6




538
537

19

318
337
274

344
537
370

497

368
537

269
317
340
242
206

254
173
201
524
495
370

61
Pages
National banks: (Continued)
First National Bank of Huntsville, Tenn., further report on
continued deficiency in reserves
First National Bank of Jasonville, Ind., report of continued
deficiency in reserves
First National Bank of Jayton, Texas, further report on
deficient reserves
First National Bank of Kenmore, N. Y., desire to surrender right
to exercise trust powers
First National Bank, Ketchikan, Alaska, procedure in applying
for membership in FRSystem
First National Bank of Lawrenceville, Ill., report of continued
deficiency in reserves
First National Bank, Livingston, Ill., letter from Senator Lewis
on requirement of FRBank that borrowings be
handled on collateral note basis
First National Bank, Lockney, Texas, report of continued
deficiency in reserves, no action at present
First National Bank, Lott, Texas, report of continued deficiency
in reserves
First National Bank, Luray, Va., .business resumed and FRBank
stock to be reissued
First National Bank In Mamaroneck, N. Y.:
Advance under Sec. 10(b) of FBAct approved
Application for full trust powers, action postponed but
granted authority to Act in specific trusts
taken over from consolidated banks
First National Bank, Millen, Ga., report of continued deficiency
in reserves
First National Bank of Monongahela City, Pa., application for
fiduciary powers approved
First National Bank of Mount Holly Springs, Pa., report of
continued deficiency in reserves
Letter from FRAgent at Philadelphia, with further reference
to
First National Bank of Northampton, Mass., reduction in capital
approved and then to be increased
First National Bank, North Bend, Nebr., report of continued
deficiency in reserves, action deferred
Letter from FRAgent on improvement in situation, no action
to be taken
First National Bank of Ocean City, N. J., purchase of tax
anticipation warrants by FRBank of Philadelphia
from
First National Bank in Ord, Nebr., application for certain
fiduciary powers approved, action on others
deferred
First National Bank at Pontiac, Mich., application for fiduciary
powers approved
First National Bank of Port Arthur, Texas, advance under Sec.
10(b) of Fact approved
First National Bank, Raymondville, Texas report of continued
deficiency in reserves




2/5

86

3/1

154

3/1

155

6/3

443

6/27 525
5/23 421

2/25 139
2/15

110

3/21

220

3/1

152

5/26 429

4/25 341
3/3

163

2/25 129
4/1

254

6/3

444

3/22 227
2/5

87

2/18

120

3/4

173

2/11

106

4/8

291

5/20 408
3/9

177

62

Pages

National banks: (Continued)
First National Bank of Rock Springs, Texas, report of continued
deficiency in reserves
4/16
First National Bank of Roswell, N. Mex., extension of authority
to rediscount aper acquired from nonmember bank 6/20
First National Bank of Russellton, Pa., advance under Sec. 10(b)
of FRAct approved
4/1
First National Bank, Russellville, Ala., further report on
continued deficiency in reserves
2/5
First National Bank, St. Louis, Mo., business of FranklinAmerican Trust Co. acquired by
1/22
First National Bank, Salem, W. Va., report of continued deficiency
in reserves
4/29
First National Bank of Scranton, Pa., liabilities of Dime Bank!..
Lincoln Trust Co. assumed
2/11
First National Bank of Seabright, N. J., purchase of tax revenue
notes of Borough of Seabright by *MBank of New
York from
2/5
First National Bank of Seattle, wash., certificate of authority
to exercise fiduciary powers granted to
constituent national banks
6/6
First National Bank of Secaucus, N. J., purchase of tax revenue
warrants of Town of Secaucus by FRBank of New
York
2/3
First National Bank of Sevierville, Tenn., report of continued
deficiency in reserves
5/12
First National Bank, Shawano, Wis., certificate of authority to
exercise trust powers previously granted to
constituent national banks
6/3
First National Bank, Silverton, Texas, report of continued
deficiency in reserves
3/4
First National Bank, Spartanburg, S. C., report of continued
deficiency in reserves and serious condition of
bank
6/23
First National Bank of Spring Lake, N. J.:
Tax revenue notes of Borough of Spring Lake, purchase by
PRBank of New York from
2/15
Purchase of additional tax revenue notes of Borough of
Spring Lake approved
2/25
Tax revenue notes of Borough of Sea Girt, purchase by FRBank
of New York from
3/21
First National Bank of Statesboro, Ga., absorption by Bank of
Statesboro
2/18
First National Bank of Sylacauga, Ala., renort of continued
deficiency in reserves
2/5
First National Bank, Verona, Pa., report of continued deficiency
in reserves
6/29
First National Bank of Waynesboro, Miss., report of deficiency
in reserves, no action at present
1/22
First National Bank, West New York, N. J., purchase of tax
revenue bonds of Town of West New York by FRBank
of New York
2/11
First National Bank of 'ilindsor, Colo., application for fiduciary
powers approved
5/12




317
505
253
86
54
350
99

85

469

78
386

453
173

514

108
128
219
122
86
537
54

95
387

63
Pages
National banks: (Continued)
First rational Bank of Woodburn, Ore., proposed merger into Bank
of Woodburn
First National Bank, Yukon, Pa., report of continued deficiency
in reserves
Bank
and Trust Co., Flint, Mich., permission to
First National
FRBank of Chicago to rediscount notes acquired
from nonmember banks
National
Bank and Trust Co., Hudson, N. Y., purchase of
First
tax notes of County of Columbia by FRBank of New
York from
First National Bank and Trust Co., Mamaroneck, N. Y., purchase
of tax revenue notes of Village of Mamaroneck
by FRBank of New York
Purchase of additional tax notes approved
First National Bank and Trust Co. in Orlando, Fla.:
Aglvance under Sec. 10(b) of FRAct approved
Reserves, further report on continued deficiency in
First National Bank and Trust Co., Petersburg, Va., certificate
of authority to exercise fiduciary powers
previously granted to constituent banks
First National Bank Trust Co. of Pompton Lakes, N. J., reduction
in capital with conditions stated
First rational Bank and Trust Co., Ridgewood, N. J., permission
to FRBank of New York to purchase tax revenue
notes of Village of Ridgewood from
First Wayne National Bank of Detroit, =Ch., application for
fiduciary powers approved
Fourth National Bank of Tulsa, Okla., permission to FRBank to
rediscount paper acquired from nonmember bank
Gavitt National Bank, Lyons, N. Y., advance under Sec. 10(b)
of FRAct approved
Genesee River National 11An3c and Trust Co., Mount Morris, New
York, application for surrender of authority
to exercise trust powers
Certificate on surrender of trust powers approved
Letter to Deputy Superintendent of Banks of New York
confirming surrender of powers
Grand National Bank, St. Louis, Mo., reduction in reserve
requirements disapproved
Granger National Bank, Granger, Texas, report of continued
deficiency in reserves
Greensburg National Bank, Greensburg, Ind., report of continued
deficiency in reserves
Guardian National Bank of Commerce, Detroit, Mich., permission
to FRBank of Chicago to rediscount paper
acquired from nonmember banks
Yaledon National Bank, Haledon, Paterson P. O., N. J., advance
under Sec. 10(b) of FRAct approved
Hancock National Bank, Sparta, Ga., further report on continued
deficiency in reserves
Hartford National Bank and Trust Co., Hartford, Conn., temporary
currency depot established in




1/26

64

6/29 537

3/1

152

1/15

16

3/23 229
4/11 296
6/29
2/5

536
86

6/13 489
2/15 112

1/18

27

4/25 340
6/27

524

6/27 523

1/22
55
156
3/1
4/16 319
6/3

438

3/4

173

1/15

19

2/11

96

6/23 512
2/5

86

1/18

29

64

Pages

National banks: (Continued)
Herkimer National Bank of Herkimer, N. Y., certificate of
surrender of fiduciary powers
5/16
Hewlett Woodmere National Bank of Woodmere, N. Y., purchase of
certificates of indebtedness of Town of Hampstead
approved
1/18
Hamer City National Bank, Homer City, Pa., report of continued
deficiency in reserves
6/29
Hudson County National Bank of Jersey City, N
request of
attorneys for certified copy of certificate to
exercise fiduciary powers
6/23
Industrial National Bank of New York, business acquired by
Continental Bank and Trust Co., action deferred 1/7
James River National Bank and Trust Co. of Jamestown, N. Ddk.,
desire to surrender trust powers, letter to
Comptroller of the Currency on
1/15
Trust permits filed in connection with desire to surrender
powers returned to bank
6/3
Kerens National Bank, Kerens, Texas, report of continued
deficiency in reserves, action deferred
2/11
Reply to YEAgent at Dallas that letter to directors of
national bank will not be required
2/25
Larchmont National Bank and Trust Co., Larchmont, N. Y., inquiry
if real estate bonds and mortgages may be
deposited in trust department as collateral
security for trust funds deposited in commercial
department
5/20
Liberty National Bank, Waco, Texas, ceased business without
going into voluntary liquidation or receiver
being appointed
4/25
Lincoln National Bank of Newark, N. J., advance under Sec. 10(b)
of FRAct approved
4/16
Additional advance under Sec. 10(b) of Mot approved
6/13
Lincoln National Bank, Passaic, N. J., merger with Peoples Bank
and Trust Co.
5/9
Bank,
Linden, N. J., absorption by Linden Trust
Linden National
Co., action deferred
4/2
Luzerne National Bank, Luzerne, Pa., business of Merchants and
Miners State Bank transferred to
4/20
Marlin-Citizens National Bank, Marlin, Texas, report of continued
deficiency in reserves
3/21
Mechanics National Bank, Worcester, Mass., reduction in capital
approved and then to be increased
5/16
Metuchen National Bank, Metuchen, N. J., purchase of Vocational
School Note of Middlesex County by PRBank of New
York from
3/15
Midway National Bank, Midway, Pa., report of continued deficiency
in reserves
6/29
Milliken National Bank, Decatur, Ill., certificate on surrender
of right to exercise trust powers
3/1
Miners National Bank of Shenandoah, Pa., application for
fiduciary powers approved upon conversion from
State bank
6/15
Moran National Bank, Moran, Texas, report of continued deficiency
in reserves
3/22



396

28
537

518
4

20
443
98
131

411

344
314
487
379
266
331
220
394

200
537
157

495
226

65
Pages
National banks: (Continued)
National Bank of Charleroi, Pa., application for fiduciary powers
2/25 130
approved
Commerce,
Texas,
ceased
business
Amarillo,
of
National Bank
without going into voluntary liquidation or
4/25 344
receiver being appointed
National Bank of Commerce, Lorain, Ohio, advance under Sec.
275
4/5
10(b) of FRAct approved
367
5/6
Advance renewed for thirty days
6/6
464
Advance renewed for thirty days
National Bank of Far Rockaway, N. Y., reduction in capital stock
5/23 418
approved
National Bank of Logansport, Ind., application for fiduciary
1/20
powers approved
50
National Bank of Newport, N. Y., report of continued deficiency
2/15 109
in reserves, no action at present
National Bank of Rolla, Mo., report of continued deficiency in
3/1
154
reserves
National City Bank, New York:
Foreign branches:
4/29 351
India, Bombay, application to establish approved
Philippine Islands, Manila and Cebu, permission for
5/16 398
exercise of fiduciary powers by branches in
4/29 351
Switzerland, Geneva, application to establish approved
National Tradesmens Bank and Trust Co., New Haven, Conn.,
6/20 502
advance under Sec. 10(b) of Fact approved
New Jersey National Bank and Trust Co., Newark, N. J., advance
4/29 349
under Sec. 10(b) of FRAct approved
Ocean Side National Bank of.Ocean Side, N. Y., permission to
MBank of New York to purchase Town of Hempstead
1/7
3
certificates of indebtedness from
Old National Bank and Union Trust Co., Spokane, Wash., advances
4/16 313
under Sec. 10(b) of Fact approved
Pacific Avenue National Bank of Atlantic City, N. J., detailed
information on purchase of assets and assuming
2/5
87
of liabilities by Equitable Trust Co.
Painesville National Bank and Trust Co., Painesville, Ohio,
application for surrender of right to exercise
3/1
157
trust powers and change in title suggested
Palisades Park National Bank and Trust Co., Palisades Park,
N. J., purchase of tax warrants of Borough of
5/26 429
Palisades Park by rank of New Yolk
Palmyra National Bank, Palmyra, N. J., report of continued
5/6
369
deficiency in reserves
Peoples National Bank of Laurel, Del., restored to solvency,
6/20 504
application for FRBank stock approved
Peoples National Bank, Southbridge, Mass., advance under Sec.
6/3 440
10(b) of FRAct approved
Authority extended to June 30
6/20 502
Peoples National Bank and Trust Co., Sullivan, Ind., report on
3/1
154
continued deficiency in reserves
Letter from BliAgent with further reference to
6/3 445




66

Pages

National banks: (Continued)
Peru National Bank- of Peru, Ill., deposit liabilities assumed by
State National Bank of Peru, desire to surrender
right to exercise trust rowers
1/22
Certificate for surrender of trust powers not now necessary 2/15
Plainfield National Bank, Plainfield, N. J., application for
fiduciary powers approved
2/15
Public National Bank and Trust Co., Houston, Texas, ceased
business without going into voluntary liquidation
or receiver being appointed
4/25
Receiver, ruling that certified copy of commission is not
necessary with application for surrender of
PRBank stock
1/7
Reno National Bank, Reno, Nev., permission to RBank of San
Francisco to rediscount eligible paper acquired
from nonmember bank
5/26
Rockport National Bank, Rockport, Mass., application for
fiduciary powers approved
4/5
San Angelo National Bank, San Angelo, Texas, application for
fiduciary powers anproved
1/7
Security National Bank, Grand rapids, Mich., consolidation with
Home State Bank for Savings
5/23
Sheffield National Bank, Sheffield, Pa., report of continued
deficiency in reserves
6/29
Sixth National Bank of Philadelphia, Pa., application to
. surrender right to exercise fiduciary powers
4/11
South Carolina National Bank of Charleston, S. C., extension for
six months of authority to rediscount paper
acquired from South Carolina State Bank
5/23
Springfield National Bank, Springfield, Pa., report of continued
deficiency in reserves
6/27
State National Bank, Peru, Ill.:
Deposit liabilities of Peru National Bank assumed
1/22
Fiduciary powers, permission to exercise powers taken over
from other banks, application for full powers to
wait until after next examination of bank
2/25
Sunrise National Bank and Trust Co., Baldwin, N. Y., advance
under Sec. 10(b) of FRApt not approved
6/23
State National Bank, Weleetka, Okla., report of continued
deficiency in reserves
4/8
Stockgrowers and Farmers National Bank, Wallowa, Ore., report of
continued deficiency in reserves
6/9
,
Stock Yards National Bank, South St. Paul, Minn., permission to
FRBank to rediscount paper acquired from
nonmember banks
6/20
Sunrise National Bank, Baldwin, N. Y., purchase of tax revenue
notes of school district of Torn of Hempstead by
FRBank of New .York
2/1
Unaka and City National Bank of Johnson City, Tenn., reduction
in capital with subsequent increase and other
conditions approved
4/20
Union National Bank, Cadiz, Ohio, application for surrender of
fiduciary powers, referred to Comptroller of the
Currency for report
4/25




55
112
111

344

3

430
273
8
422
537
298

420
526
55

130
512
291
479

505
75

327

341

67
Pages
National banks: (Continued)
Union National Bank of Youngstown, Ohio, application for
fiduciary powers approved
United States National Bank of Eugene, Ore., permission to
probate will and execute provisions under
authority previously granted
Action on application for full trust powers again deferred
and permission to act as custodian for Eugene
Fruit Growers Association denied
West Side National Bank, West Paterson, N. J., purchase of tax
revenue notes of.Borough of West Paterson by
MBank of New York from
Wyoming National Bank, Wilkes-Barre, Pa., liabilities of Union
Savings Bank and Trust Co., assumed
National Credit Association No. 4, organized under laws of
Massachusetts, not considered bank within
meaning of FRAct
Nonmember banks:
American Exchange Bank of Shidler, Okla., ;emission to MBank
to rediscount parer for Fourth National Bank of
Tulsa acquired from
American State Bank, Moorcroft, Wyo., assets taken over and
liabilities assumed by Sundance State Bank,
Sundance, Wyo., action deferred
Condition of Sundance State Banir discussed and action again
deferred
American Trust Co., Passaic, N. J., merger with Peoples TAmik and
Trust Co.
Arizona Bank of Phoenix, Ariz., reply to query whether Valley
Bank and Trust Co. could consolidate and retain
branches of
Associate members of FRSystem, enactment of bill to designate
as, opposed
Bank of Brooklet, Ga., assets purchased and liabilities assumed
by Bank of Statesboro
Bank of Commerce, Roswell, N. Mex., extension of authority to
First National Bank to rediscount paper acquired
from
Bank of Falls City, Ore., assets acquired and liabilities
assumed by Dallas City Bank, Dallas, Ore.
Bank of Gresham, Ore., proposed consolidation with First State
Bank, FRAgent to furnish detailed information
Bank of Lafayette, Jersey City, N. J., absorbed by New Jersey
Title Guarantee and Trust Co.
Central Bank and Trust Co., Asheville, N. C., closed, cashier's
check marked payable through FRBank of Richmond,
letter from Rev. James Waite on collection of
Chelsea Safe Deposit and Trust Co., Atlantic City, N. J.,
detailed information on assuming of liabilities
against liquidation of assets by Equitable Trust
Co.
City Trust Co., Passaic, N. J., merger with Peoples Bank and
Trust Co.




1/18

43

1/19

45

6/29 539

2/11

95

2/11 100

5/6

374

6/27 524

2/11 101
6/20 506
5/9

379

6/3

452

5/16 399
2/18 122

6/20 505
5/20 409
1/18

29

4/25 342

6/13 491

2/5

87

5/9

379

Pages

68
Nonmember banks: (Continued)
Deerfield State Bank, Deerfield, Mich., permission to FRBank of
Chicago to rediscount paper acquired by Adrian
State Savings Bank from
Dundee State Savings Bank, Dundee, Mich., absorption by Monroe
County Bank
Castle Dale, Utah, assets acquired and
Bank,
County
EmerY
liabilities assumed by Carbon County Bank,
Price, Utah
Equality State Annk, Equality, Ill., assets acquired and
liabilities assumed by First Trust and Savings
Bank, Harrisburg, Ill.
Fidelity Savings 23nnir of Berlin, N. H., permission to MBank of
Boston to rediscount paper acquired from Berlin
National Bank
First Savings Bank of Albany, Ore., assets taken over and
liabilities assumed by Albany State Bank: without
approval of FRBoard
No action until after examination of merged institution
First State Bank of Campbell, Texas, deposit liability assumed
by Citizens State Bank of Greenville
Giltner State Bank, Giltner, Nebr., absorption by Fidelity State
Bank, Aurora, Nebr.
Guarantee Trust Co., Atlantic City, N. J., merger into Atlantic
Safe Deposit and Trust Co.
/To objection to transaction
Henderson Banking Co., Elko, Nev., permission to FRBank of San
Francisco to rediscount eligible paper acquired
by Reno National Bank from
Home Bank and Trust Co. of South Manchester, Conn., assets
acquired and liabilities assumed of commercial
department by Manchester Trust Co.
No objection to transaction
Hulett State Bank, Hulett, Wyo., acquired by Sundance State
Bank, Sundance, Wyo., action deferred
Lovell State Bank, Monticello, Iowa, assets purchased and
liabilities assumed by Monticello State Bank
No objection to be made to transaction
Marine Trust Co., Atlantic City, N. J., merger into Atlantic
Safe Deposit and Trust Co.
No objection to transaction
Miners Banking Trust Co., Shenandoah, Pa., conversion to Miners
National Bank and application for fiduciary
powers approved
Mountain Trust Co., Montclair, N. J., merger with. Montclair
Trust Co. Neptune Trust Co., Atlantic City, N. J., merger into Atlantic
Safe Deposit and Trust Co.
No objection to transaction
North End State Bank of Wilkes-Barre, Pa., assets acquired and
liabilities assumed by Wilkes-Barre Deposit
and Savings Bank
Ocean Avenue Bank, Jersey City, N. J., absorbed by New Jersey
Title Guarantee and Trust Co.




4/1

253

5/20 409

5/9

380

5/6

371

6/3

441

3/9
180
4/29 352
1/7

5

6/23 513
1/22 56
6/3 447

5/26 430

2/25 136
6/23 512
6/20 506
4/1
4/16

257
318

1/22 56
6/3 447

6/15 495
4/11

301

1/22 56
6/3 447

5/9

380

4/25 343

69
Pages
Nonmember banks: (Continued)
Ohio State Bank, Cleveland, Ohio, assets acquired and liabilities
4/11 302
assumed by Guardian Trust Co.
Peoples State Bank of Scottsville, Ky., request through Senator
Logan that it be transferred from Eighth to
6/15 496
Sixth FRDistrict
Seaside Trust Co., Atlantic City, N. J., consolidation with
6/3 447
Guarantee Trust Co.
Security State Bank, San Juan, Texas, use of phrase "Member
6/23 516
Federal Reserve!' on checks of
South Carolina State Bank, Charleston, S. C., extension of
authority to South Carolina National Bank to
5/23 420
rediscount paper acquired from
Standard Trust Bank of Cleveland, Ohio, letter to FRAgent
transmitting letters to President Hoover on
1/7
4
closing of
Draft of letter to be sent by Governor Fancier to Mr. A.
2/25 132
Johnston on closing of
State Bmilr of Maplewood, Wis., assets taken over and liabilities
21
assumed by Bank of Sturgeon Bay, action deferred 1/15
4/1
258
Action again deferred
Twelve Points State Bank of Terre Haute, Ind., assets acquired
and liabilities assumed by Terre Haute Trust Co. 3/23 231
4/20 329
No action until after next examination of member bank
Wgymart State Bank, Waymart, Pa., assets acquired and liabilities
assumed by Wayne County Savings Bank, Honesdale,
5/23 422
Pa.
Notes:
Promissory, for advances under Sec. 10(b) of FRAct, reply to
3/21 221
FRBank of St. Louis on change in
Rediscount of: (See Rediscounts)

Oil wells, paper the proceeds of which are to be used for drilling
of, is not eligible for rediscount at FRBanks
Reply to letter from John C. Lever on
Oklahoma income tax law, inquiry of Mr. Kent on whether employees of
FRBank are employees of Government and exempt
from
Open market operations:
FRBank of New York to postpone purchase of securities for its
own account until after meeting of Open Market
Policy Conference
Funds made available by, telegram to FRBanks on appointment of
committees of business men and bankers to
develop ways and means of making of
Appointment of Committees: (See Committees)
Participation by FRBank of Richmond in Open Market Investment
Account taken over by other FRBanks because of
low free gold position




6/3
6/6

455
470

4/25 345

4/8

293

5/23 427

4/5

276

70
Open Market Policy Conference:
Meeting of Executive Committee in New York and to continue
purchase of Government securities at rate of
$25,000,000 a week
Meeting to be held in Washington on April 12
Advice received from Governors of all FRBanks except
Cleveland that they will be present at meeting
Meeting held with members of FRBoard, report on purchase of
$500,000,000 of Government securities approved,
and discussion of free gold position and
Government securities as collateral for FRnotes
Meeting to be held in Washington on May 17
All Governors to be present except Governor Hamilton and
FRBank of Kansas City to be represented by
Deputy Governor Worthington
Meeting with FRBoard, discussion of activities of
Reconstruction Finance Corporation and Executive
Committee authorized to continue purchase of
Government securities
Press statement on policy to be released
Meeting of Executive Committee to be held in New York City on
June 16, opinion that present program be
continued for two or three weeks
Participation in special account by FRBank of San Francisco,
request that FRBank of New York take over in
order to cover FRnotes in its cash
Resolution on business and banking situation ana authority to
Executive Committee to purchase up to
$200,000,000 of Government securities
Purchase lro to $250,000,000 of Government securities at rate of
$25,000,000 per week authorized
Purchase of Fourth Liberty Loan Bonds maturing in 1938,
advisability of exchanging for Government
securities of shorter maturities
Views on S. 4115 not to be transmitted to Senate Committee on
Banking and Currency as requested by Mr.
McDougal
Reply to Mr. McDougal approved
Otis Building: (See Quarters of FRBoard)

Par list, letter to Governors of FRBanks on approval of changes in
par list and supplements and outlining procedure
for submitting changes
Procedure in connection with publication of July issue, letter
to Governors of PRBanks outlining
Patman, Congressman Wright, reply that FRBoard had not issued
regulation to encourage liquidation of unlisted
securities and purchase of listed securities
Penalties for deficient reserves: (See Reserves)
Pennsylvania, exemption of FRBank of Philadelphia and Pittsburgh
Branch from tax on motor fuels, use of form for




Pages

4/5
4/5

278
278

4/8

288

4/12 305
5/9
383

5/12 385

5/17 403
5/17 406

6/15 498

3/9

184

1/19

46

2/24 125

4/25 345

4/13 309
4/16 322

1/25

62

6/3

454

4/1

255

4/5

277

71
Paces
Post Office Square Securities Corporation, Boston, Mass., formerly
Atlantic Corporation, advice that no more
reports will be required or examinations made
Postal Savings Depositary System, reply to Senate Committee on bill
providing for liquidation and refinancing of
farm mortgages at reduced interest rate
Power of attorney in connection with pledging of Government
securities as collateral for FRnotes, changes in
form suggested by FRBank of San Francisco
Press statements:
Open market operations of FRBanks to be continued by purchase of
Government securities
Review of month appearing in FRBulletin for May, prior release
to press arranged
Review of the month for June FRBulletin including statement on
course of gold movements
Price levels of commodities:
Goldsboroue,h Bill for increasing and stabilizing, statement of
Governor Meyer approved
S. 197, to restore ana maintain, letter for signature of
Secretary of Treasury opposing bill
S. 4429, that average purchasing power of dollar for 1926 be
restored and maintained, letter for signature
of Secretary of Treasury opposing bill
(See also Stabilization bills)
Publications:
Sara Directors, Their Legal and Moral Responsibilities", to be
sent to directors of member banks in District
by MBank of Minneapolis
FRBulletin: (See FRBulletin)
Par List: (See Par List)

3/3

166

4/7

285

5/9

377

5/17 406
5/9

383

6/13 492

5/6

366

3/10

189

5/16

399

2/5

86

HQ!!

41
Quarters of "RBoard,
negotiations being carried on for lease of
space for divisions now in Otis Building
Letter to Messrs. McKeever and Goss, Inc., accepting offer of
space in Shoreham Building
Letter to Messrs. McKeever and Goss inclosing form of lease and
form of resolution to be adopted by directors
of corporation owning building
Lease executed by Vice President and Secretary of Shoreham
Investment Co. with statement that resolution of
directors is not necessary, resolution of
ratification or transcript of record showing
authority requested
Questionnaire from Chief Coordinator with regard to statistical
activities of FRBoard, reply to

Rates:
Advances under Sec. 10(a) of FRAct, to be fixed from timf. to
time as conditions warrant



5/26 434
6/3

460

6/13 491

6/20 507
6/9

484

3/10 193

72

Pages

Rates: (Continued)
Advances under Sec. 10(b) of FEAct, to be fixed from time to
time
Opinion that rate should not be lower than rate charged by
Reconstruction Finance Corporation on loans
FRBank of Atlanta:
Advances under Secs. 10(a) and 10(b) of FRAct
Rate approved by FRBank at 5i per cent, advised that
rate will be approved by FRBoard in each ease
Letter to FRAgent advising of action
Schedule of discount and purchase

FRBank of Boston:
Schedule of discount and purchase

FRBank of Chicago:
Rediscount, reduction to 2i per cent approved
Facts and conditions which actmated reduction in rate
Schedule of discount and purchase

FRBank of Cleveland:
Schedule of discount and purchase




3/10 195
3/15

202

3/15 202
4/11 295
4/20 332

1/8

lo

1/15
2/15
3/1
3/15
3/25
4/11
5/16
6/13
6/27

14
108
150
199
234
295
392
486
522

1/15
1/28
2/11
2/25
3/10
3/25
4/7
4/25
5/6
5/20
6/3
6/20

15
71
94
127
188
234
284
337
366
407
436
500

6/27
6/29
1/8
1/15
1/18
1/23
2/1
3/1
3/25
4/25
6/3
6/27

522
535
10
14
26
59
72
150
234
337
436
522

1/8
2/11
3/9
4/11
5/9
6/13

10
94
176
295
377
486

73
Pages
Rates: (Continued)
PRBank of Dallas:
Rediscount, established at 3-. per cent and approved
Schedule of discount and purchase

1/28
1/8
1/18
2/11
3/1
3/9
4/1
4/7
5/9
6/9
6/27

MBank of Kansas City:
Advances to member banks under provisions of Secs. 10(a) and
10(b) of PRAct established at 5 per cent, Mr.
Magee to telephone attitude of FEBoard to
PRAgent
3/16
Action rescinded and each application to be acted on
4/11
separately
1/8
Schedule of discount and purchase
1/15
1/22
2/5
2/25
3/1
3/4
3/18
4/1
4/8
4/25
5/6
5/20
6/3
6/20
6/27
PRBadk of :Minneapolis:
Schedule of discount and purchase
1/15
1/19
3/1
3/15
4/1
4/13
5/12
6/15
6/2?
PEBank of New York:
Buying on acceptances, effective, Governor to inquire if
6/23
directors gave consideration to
Rediscount, approved at three per cent
2/25
Formal advice of action of directors
3/1
Secretary authorized to approve reduction to 2 - per cent
if establiShed by directors of PRBank
6/23




70
10
26
94
150
176
249
284
377
477
522

216
296

10
14
51
85
12?
150
172
214
249
288
337
366
407
437
500
522
14
44
150
199
249
308
385
494
522

520
144
149
519

74

Pages

Rates: (Continued)
FRBank of New York: (Continued)
Rediscount: (Continued)
Letter confirming telephone advice of reduction
Facts and conditions leading to reduction, letter from
Governor Harrison on
Schedule of discount and purchase

PRBank of Philadelphia:
Schedule of discount and purchase

6/27 521
6/2?
1/7
1/8
1/15
1/15
1/22
2/1
2/5
2/15
2/25
3/1
3/1
3/4
3/11
3/21
3/25
4/1
4/8
4/16
4/25
4/29
5/6
5/16
5/20
6/3
6/13
6/20
6/27

522
1
10
14
15
51
72
85
108
127
149
150
172
197
219
234
249
288
312
337
347
366
392
407
436
486
500
522

1/7
1/20
2/5
2/18
3/3
3/17
4/7
4/25
6/3
6/15

1
49
85
119
162
206
284
337
436
494

FRBank of Richmond:
Rediscount, Executive Committee of FRBank authorized to fix
rate at 3- per cent if desirable before next
meeting of directors
1/20 49
Rate approved
1/23 59
Schedule of discount and purchase
1/15 14
1/15
15
2/11
94
3/1
150
3/10 188
3/25 234



75

Pages
Rates; (Continued)
MBank of Richmond: (Continued)
Schedule of discount and purchase

FRBank of St. Louis:
Schedule of discount and purchase

PRBank of San Francisco:
Schedule of discount and purchase

4/16
5/12
6/9
6/27

312
385
477
522

1/7
1/15
1/20
2/5
2/18
3/1
3/3
3/17
3/25
4/6
4/20
5/6
5/20
6/3
6/15
6/27

1
14
49
85
119
150
162
206
234
280
326
366
407
436
494
522

1/8
1/20
1/22
2/5
2/25
3/3
3/4
3/18
4/1
4/8
4/25
5/6
5/20
6/3
6/20
6/29
3/23

10
49
51
85
127
162
172
214
249
288
337
366
407
437
500
535
230

ReichsbaDa, reduction in discount rate of
Real estate bonds and mortgages, inquiry of Larchmont National Bank
and Trust Co. if they may be deposited in trust
department as collateral security for trust
funds deposited in commercial department
5/20 411
(See also Mortgages)
Reconstruction Finance Corporation:
Activities outlined by Governor Meyer at meeting of FRBoard with
Open Market Policy Conference
5/17 403
Anglo-California Trust Co., San Francisco, Calif., to apply for
loan after consolidation with Anglo and London
Paris National Bank
6/13 488




76
Reconstruction Finance Corporation: (Continued)
Custody and collection of paper for, letter to FRBanks on
arrangements for and provision in personnel
classification plans for
Reports, records, etc., of financial institutions, reply to
FRAgent at Atlanta on making available to
Reporting of bills payable and rediscounts with, change in form
105
Staff:
Attebery, 0. M., Manager of St. Louis Agency, division of
payment of salary with FRBank of St. Louis
Bold, Fred C., FRBank of San Francisco to be reimbursed for
services
Broaddus, R. H., Manager of Richmond Agency, division of
salary between Corporation and FRBank
Services with Corporation discontinued
Davis, D. L., FRBank of San Francisco to be reimbursed for
services
Day, William A.., FRBank of San Francisco to be reimbursed for
services
Fleming, M. J., Manager of Cleveland Agency, part of salary
to be paid by Corporation and part by FRBank
Partner, W. L., FRBank of San Francisco to be reimbursed for
services
Paulger, Leo H., granted leave of absence for three months
while services are required by
Shaw, C. R., FRBank of San Francisco to be reimbursed for
services
Towle, R. E., salary as Manager of Helena Agency to be
divided between Corporation and FRBank
Arrangement for reimbursement to MBank for services
rendered as Manager of loan agency
West, R. B., FRBank of San Francisco to be reimbursed for
services
Statements, letters and reports furnished to, letter to Secretary
on use of those marked "confidential"
Redemption of defaced national bank notes, FRBank notes, and FRnotes,
proposed legislation to afford relief to holders
Rediscounts:
Acceptance drawn to finance storage of sugar in warehouses,
eligibility for rediscount at PRBanks
Adrian State Savings Bank, Adrian, Mich., permission to FRBank of
Chicago to rediscount paper acquired from
Deerfield State Bank
Advances to member banks under Secs. 10(a) and 10(b) of FRAct,
telegram to FHaank of St. Louis approving change
in circular to provide for special form of
promissory note
(See also Loans)
Atlantic National Bank of Boston, Mass., notes of nonmember banks
discounted by MBank of Boston for
Berlin National Bank, Berlin, N. H., permission to FRBank of
Boston to rediscount paper acquired from Fidelity
Savings Bank of Berlin




Pages

4/25 339
3/9

180

5/20 414

4/5

273

4/1

252

4/16 313
4/25 338
4/1

252

4/1

252

4/1

251

4/1

252

5/2

359

4/1

252

4/25 338
6/29 537
4/1

252

3/21

221

5/23 425

2/25 142

4/1

253

3/21

221

1/18

28

6/3

441

77

Pages
Rediscounts: (Continued)
Cherries, notes financing storage of, correspondence between
MBank of Cleveland and Union Storage Co.
4/16 320
Notes are eligible as agricultural paper if used for orderly
marketing
6/3
457
Excess line, prohibition against discounting part of, reply to
MBank of Dallas that provision of FRAct applies
only to State member banks
5/2 363
Farm lands, proposed amendment to FRAct to allow FRBanks to make
advances on promissory notes secured by first
liens on improved, enactment opposed
4/20 333
Finance company paper, reply to letters from National Association
of Finance Companies on eligibility of
3/17 211
First National Bank, Livingston, Ill., letter from Senator Lewis
on requirement of FRBank of St. Louis that
borrowings be handled on collateral note basis
2/25 139
First National Bank of Roswell, N. Mex., extension of authority
to rediscount paper acquired from nonmember bank 6/20 505
First National Bank and Trust Co., Flint, Mich., permission to
MBank of Chicago to rediscount notes acquired
from nonmember banks
3/1
152
Fourth National Bank of Tulsa, Okla., permission to FRB-m.1c to
rediscount paper acquired from American Exchange
Bank of Shidler
6/27 524
Guardian National Bank of Commerce, Detroit, Mich., permission
to FRBank of Chicago to rediscount paper
acquired from nonmember banks
2/11
96
Livestock:paper, letter from Congressman Ketcham on eligibility
for rediscount at FRBanks of notes given in
payment for livestock
2/25 141
Notes of cold storage warehouse companies secured by customers
notes and warehouse receipts covering
commodities in storage are not eligible for
2/18 121
Notes evidencing direct loans or advances of Federal
Intermediate Credit Banks, Public No. 138
authorizing, to be published in ERBulletin
6/3
454
Notes secured by chattel mortgages, FRAgent at Minneapolis to
advise on suggestion on limiting amount of
future advances on
3/3
168
Oil wells, paper the proceeds of which are to be used for
drilling of, is not eligible at FRBanks
6/3 455
Reply to letter from John C. Lever on
6/6
470
Past due paper, letter to FRBank of Dallas that administrative
action should be taken instead of assessing
penalty rate
5/2 363
Reply to letter from FRAgent on plan for treatment of
overdue paper
6/6
472
Reno National Bank, Reno, Nev., permission to FRBank of San
Francisco to rediscount eligible paper acquired
from Henderson Banking Co.
5/26 430
South Carolina National Bank of Charleston, S. C., extension of
authority to rediscount paper acquired from
South Carolina State Bank
5/23 420




78

Pages

Rediscounts: (Continued)
Stock Yards National Bank, South St. Paul, Minn., permission to
FHBank to rediscount paper acquired from
nonmember banks
6/20
Textile business in New York City, reply to letter from
Commercial Credit Co. on basis for rediscount of
paper of so-called "factors" engaged in
5/16
Reply to company with further reference to eligibility of
paper
6/6
Union Bank and Trust Co. of Helena, Mont., permission to FRBank
of Minneapolis to rediscount paper acquired from
nonmember banks
2/11
Union Trust Co., Cleveland, Ohio, permission to rediscount paper
acquired from nonmember banks
1/18
Redistricting, request of Peoples State Bank of Scottsville, 4y., a
nonmember, that it be transferred from Eighth
to Sixth FRDistrict
6/15
Regulations, FRBoard:
Acceptance practices under FRAct, appointment of committee to
study revision of, suggested
5/6
Messrs. Kenzel, McKay, and Clerk appointed on
6/6
D, letter to FRAgent at Philadelphia and to all FRAgents on
using discretion in writing letters to directors
of member banks deficient in reserves
6/3
(See also Reserves)
E, amendment suggested by. Mr. Gidney being considered
3/1
F, statement that consolidated national bRnk which has succeeded
to trust powers should be required to make new
Application for permit in its own name, memo on
elimination of
5/26
I, amendment to section on cancellation of FRBank stock suggested
by FRAgent at Dallas
4/25
Reports of condition: (See Condition reports)
Repurchase agreements with member bank covering municipal warrants,
letter from Mark' of Philadelphia whether
considered indorsement by bank
4/25
Reserves:
Bank of Eastman, Ga., report of continued deficiency in
3/1
Bank granted permission to carry reduced to be permitted to
continue but information to be furnished FRBoard 4/29
Central National Bank, Spartanburg, S. C„ report of continued
deficiency in
6/3
Chelsea-Second National Bank of Atlantic City, N. J., report of
continued deficiency in
6/27
Citizens Banking and Trust Co., Conneaut, Ohio, report of
continued deficiency in
6/29
Citizens National Bank, Indiana, Pa., report of continued
deficiency in
6/29
Citizens National Bank, New Market, Va., report of continued
deficiency in
4/29
Citizens National Bank, Okmulgee, Okla., report of continued
deficiency in
6/9
Citizens National Bank, Wessington, S. Dak., report of continued
deficiency in
3/26
Reserves restored and no action to be taken at present
4/25



505

397
469

96
27

496

373
475

450
152

432
344

343
153
353
445
526
537
537
350
479
242
339

79
Pages
Reserves: (Continued)
Citizens State Bank, Memphis, Texas, hearing on forfeiture of
membership because of deficient
City National Bank of Georgetown, Texas, report of continued
deficiency in, action deferred
Deficient as result of unsatisfactory condition rather than
disregard of requirements of law, letter to
FRAgent at Philadelphia on discretion in writing
letters to directors
Elk National Bank of Fayetteville, Tenn., report of continued
deficiency in, action deferred
Farmers and Merchants National Bank, Hooker, Okla., report of
continued deficiency in
Farmers State Bank, St. John, Wash., report of continued
deficiency in
First National Bank, Avoca, Mich., report of continued
deficiency in
First National Bank, Bridgeville, Ohio, report of continued
deficiency in
First National Bank of Carrier Mills, Ill., report of continued
deficiency in, directors to be requested to
attend conference at FRBank of St. Louis
First National Bank, Dawson Springs, Ky., report of continued
deficiency in
First National Bank, Dunkirk, Ohio, report of continued
deficiency in
First National Bank of Duquoin, Ill., report of continued
deficiency in
First National Bank, Ellwood City, Pa., report of continued
deficiency in
First National Bank in Gallup, N. Mex., report of continued
deficiency in, no action at present
First National Bank of Gary, S. Dak., report of continued
deficiency in
First National Bank, George West, Texas, report of continued
deficiency in
Letter from FRAgent that no response was made by directors
of bank and reply that matter has been referred
to Comptroller of the Currency
First National Bank, Gibsland, La., report of continued
deficiency in
First National Bank of Huntingburg, Ind., report of continued
deficiency in
First National Bank of Huntsville, Tenn., further report on
continued deficiency in
First National Bank of Jasonville, Ind., report of continued
deficiency in
First National Bank of Jayton, Texas, further report on
deficiency in
First National Bank of Lawrenceville, Ill., report of continued
deficiency in
First National Bank, Lockney, Texas, report of continued
deficiency in, no action at present




6/9
1/15

480
18

6/3

450

2/5

86

6/6

466

6/6

466

1/15

19

6/29 537

1/15
4/5

19
274

6/29 537
5/6

370

6/29

537

4/25 340
3/26

242

3/17 206

4/1

254

3/4

173

5/6

370

2/5

86

3/1

154

3/1

155

5/23 421
2/15 110

Pages

80
Reserves: (Continued)
First National Bank of Lott, Texas, report of continued
deficiency in
First National Bank, Millen, Ga., report of continued deficiency
First National Bank of Mount Holly Springs, Pa., report of
continued deficiency in
Letter from FRAgent at Philadelphia with further reference
to
First National Bank of North Bend, Nebr., report of continued
deficiency in, action deferred
Letter from PRAgent on improvement in situation, no action
to be taken
First National Bank, Raymondville, Texas, report of continued
deficiency in
First National BPrilr of Rock Springs, Texas, report of continued
deficiency in
First National Bank, Russellville, Ala., further report on
continued deficiency in
First National Bank, Salem, W. Va., report of continued
deficiency in
First National Bank, Sevierville, Tenn., report of continued
deficiency in
First National Bank, Silverton, Texas, report of continued
deficiency in
First National Bank of Spartanburg, S. C., report of continued
deficiency in
First National Bank of Sylacauga, Ala., farther report on
continued deficiency in
First National Bank, Verona, Pa., report of continued deficiency
First National Bank of Waynesboro, Miss., report of deficiency
in, no action at present
First National Bank, Yukon, Pa., report of continued deficiency
First National Bank- and Trust Co. in Orlando, Fla., further
report on continued deficiency in
First State Bank of Roby, Texas, hearing on forfeiture of
membership for failure to maintain required
Florida Bank and Trust Co., West Palm Beach, Fla., report of
continued deficiency in, no action at present
Forney State Bank, Forney, Texas, hearing on forfeiture of
membership because of continued deficiency in
Hearing before FRAgent, action deferred
Action deferred as recommended by directors of FRBank
Grand National Bank, St. Louis, Mo., application for reduction
disapproved
Granger National Bank, Granger, Texas, report of continued
deficiency in
Greensburg National Bank, Greensburg, Ind., report of continued
deficiency in
Greenfield Bank, Greenfield, Tenn., report of continued
deficiency in
Hancock National Bank, Sparta, Ga., further report on continued
deficiency in
Homer City National Bank, Homer City, Pa., report of continued
deficiency in




3/21 220
3/3 163
4/1

254

6/3

411

2/5

87

2/18 120
3/9

177

4/16 317
2/5

86

4/29 350
5/12 386
3/4

173

6/23 514
2/5
86
6/29 537
1/22 54
6/29 537
2/5

86

4/11 299
1/26

63

2/25 137
4/1
256
5/6
372
6/3

438

3/4

173

1/15

19

5/6

370

2/5

86

6/29 537

81
Pages
Reserves: (Continued)
Junction State Bank, Junction, Texas, hearing on forfeiture of
4/11 300
membership for failure to maintain required
Report of FRAgent on improvement in condition of bank, final
5/26 431
action deferred
Kerens National Bank, Kerens, Texas, report of continued
98
2/11
deficiency in, action deferred
Reply to FRAgent at Dallas that letter to directors of
2/25 131
national bank will not be required
Marlin-Citizens National Bank, Marlin, Texas, report of continued
3/21 220
deficiency in
Member banks in Dallas District, figures for individuals banks
not to be furnished to Financial Commission of
4/1
262
Japanese Government
Member banks in Massachusetts, deposits of certain organizations
374
5/6
cannot be classified as amounts due to banks
Midway National Bank, Midway, Pa., report of continued
6/29 537
deficiency in
Moran National Bank, Moran, Texas, report of continued deficiency
3/22 226
in
National Bank of Newport, New York, report of continued
2/15 109
deficiency in, no action at present
3/1
154
National Bank of Rolla, Mo., report of continued deficiency in
Palmyra National Bank, Palmyra, N. J., report of continued
5/6
369
deficiency in
Park Savings Trust Co., Richmond Heights, Mo., report of
4/5
273
continued deficiency in
Penalties for deficiencies:
Rates fixed in Regulation D, letter to FRAgent at
3/2
183
Philadelphia on securing permission to modify
3/3
167
Waiving of, practice of FRBank of Minneapolis
Peoples National Bank and. Trust Co., Sullivan, Ind., report on
154
3/1
continued deficiency in
6/3 445
Letter from FRAgent with further reference to
Progressive penalties for deficiencies discontinued at:
3/17 208
FRBanks of Atlanta and Philadelphia
1/19
44
FRBank of San Francisco
Sheffield National Bank, Sheffield, Pa., report of continued
6/29 537
deficiency in
Springfield National Bank, Springfield, Pa., report of continued
6/27 526
deficiency in
in
6/6
deficiency
465
continued
State Bank of Revere, Minn., report of
report
of
continued
State National Bank, Weleetka, Okla.,
4/8
291
deficiency in
of
report
Wallowa,
Ore.,
Bank,
Stockgrowers and Farmers National
479
6/9
continued deficiency in
Resolutions:
FRBanks:
6/27 527
Dividend payments for first six months of 1932 approved
FRBoard:
6/23 511
Assessment on FRBanks for expenses of FRBoard
devote
time
to
Glass Bill, certain members of staff to
3/21 223
consideration of bill and submit report




82

Pages

Resolutions: (Continued)
Open Market Policy Conference:
Business and banking situation discussed and Executive
Committee of Conference authorized to purchase
Government securities
1/19
Review of month for FRBulletin: (See Press statements)
Revised Statutes, amendment to Sec. 5136 proposed in Glass Bill,
letter to Senate Committee on Banking and
Currency on
4/6
Rulings, YRBoard:
Acceptance practices under FRAct, appointment of committee to
study revision of, suggested
5/6
Messrs. Kenzel, McKay, and Clerk appointed on
6/6
Cherries, notes given to finance storage are eligible for
rediscount as agricultural paper if used for
orderly marketing
6/3
Commission of receiver of national bank, certified copy not
necessary with application for surrender of
MBank stock
1/7
Deposits of institutions organized under laws of Massachusetts
cannot be classified as amounts due to banks in
computing reserves
5/7
Oil wells, paper the proceeds of which are to be used for
drilling of, is not eligible for rediscount at
FRBanks
6/3
Reply to letter from John C. Lever on
6/6
Silver certificates may not lawfully be accepted as collateral
for FRnotes, reply to FRAgent at Chicago
3/3

45

282

373
475

457

3

374

455
470
166

lists

Salaries of employees of PRBanks, reductions discussed with Governors
of 2R3ankm and no action to be taken until end of
year
5/17
Salaries of officers of FRBanks and Branches
1/18
Secretary of Treasury:
Ballantine, Assistant Secretary, reply to letter that charges
against earnings made in profit and loss
statement for 1931 were authorized by ISBoard
3/4
Bank checks, request for estimate of number drawn annually and
proportion under $5.00
4/29
Glass Bill, approval of report of PRBoard but note inserted in
minutes on Sec. 18 in regard to security
affiliates
3/28
Letters prepared for signature of, giving views on certain Senate
and House Bills: (See Legislation)
Present at meeting in Chicago at which committee of business men
and bankers was appointed
5/26
Securities, reply to Congressman Patman that MI:Board had not issued
regulation to encourage licraidation of unlisted
and purchase of listed securities
4/1
Securities Corporation of New England: (See State member banks,
Maryland Trust Co.)
Securities, Government: (See Government securities)




405
30-41

174
355

247

434

255

83
Pages
Shoreham Building, lease of space for use of Divisions of FRBoard,
negotiations being carried on by Mr. Harrison
Letter to Messrs. McKeever and Goss accepting offer and lease
to be executed
Letter to McKeever and Goss with form of lease and form of
resolution to be adapted by directors of
corporation owning building
Lease executed by Vice President and Secretary of company,
requested to furnish resolution of ratification
or record of authority to execute leases
Shott, Congressman Hugh Ike, request for information on ex-service
men employed by FRBoard
Smith, P. H., Treasurer of Banner Fuel Corporation, letter on check
drawn on Durham Loan and Trust Co., handled
through MBank of Richmond and collected by
First National Bank of Durham, now closed
Stabilization bills:
Hearing before Committee on Banking and Currency of House,
request that representatives of FRBoard attend
Hearing before Committee on Banking and Currency of Senate,
Governor Meyer and Mr. Miller to appear at
H. R. 10517, Goldsborough Bill, for increasing and stabilizing
price levels of commodities, statement of
Governor Meyer approved
H. R. 11499, to restore and maintain purchasing power of dollar,
opposed by FRBoard
S. 197, to restore and maintain level of wholesale commodity
prices, letter for signature of Secretary of
Treasury opposing bill
S. 4429, to charge FRBoard, FRBanks, and Secretary of Treasury
with duty of maintaining average purchasing
power of dollar, etc., enactment opposed
Staff of FRBoard:
Counsel's Office:
Chase, G. Howland, appointed Assistant Counsel and salary
approved
Wisner, Margaret, appointment and salary as Stenographer
Wyatt, Walter, to devote time to consideration of Glass Bill
and submit report
Memoranda of: (See Counsel, General)
Division of Bank Operations:
$mead, E. L.:
Glass Bill, to devote time to consideration of, and
submit report
Report on expenses of Committee on Member Bank Reserves
Division of Examinations:
Massey, Erastus R., appointment and salary as stenographer
(See also Examiners)
Division of Issue and Redemption:
Melia, Mrs. Thelma D., resignation as Money Gaunter
Division of Research and Statistics:
Goldenweiser, E.
Glass Bill, to devote time to consideration of, and
submit report



5/26 434
6/3

460

6/13 492

6/20 507
2/15 115

6/15 497

3/15 202
5/17 405

5/6

366

6/3

459

3/10

189

5/16 399

4/29 347
6/6
465
3/21 223

3/21 223
6/6
474
4/16

312

6/20

500

3/21

223

84

Pages

Staff of FRBoard: (Continued)
Division of Research and Statistics: (Continued)
Goldenweiser, E. A.: (Continued)
Request to appear at hearings of Ways and Means Committee
of House on payment of Soldiers Bonus, no
objection if acting in personal capacity
4/16
Report on activities and expenses of Committee on Branch,
Group, and Chain Banking
6/6
authority
to employ two men for not over four days
Library,
to arrange books after removal to new offices
6/23
Riefler, W. W., designated to attend hearings on
stabilization before Committee on Banking and
Currency of House
3/15
Examiners:
Barker, C. S., designated Assistant FRExaminer
3/1
Bobb, J. A., designated Assistant FRExaminer
3/1
Brett, R. H., designated FRExaminer
3/1
Brown, W. G., designated Assistant FRExaminer
3/1
Chamberlin, R. B., designated Assistant FRExaminer
3/1
Comley, L. C., designated Assistant FRExaminer
3/1
Connell, J. J., designated Assistant FRExaminer
3/1
Cooke, R. W., designated Assistant FRExaminer
3/1
Dougal, W. D., designated Assistant FRExaminer
3/1
Drinnen, Frank J., to continue in immediate charge of
examining force
1/15
Designated FRExaminer
3/1
English, J. F., designated Assistant FRExaniner
3/1
Farrell, E. A., designated Assistant FRExaminer
3/1
Howard, T. P., designated Assistant FRExaminer
3/1
Koppang, H. O., designated Assistant FRExaminer
3/1
Leonard, R. r., designated FRExaminer
3/1
Mann, W. T., appointment and salary as Assistant FRExaminer 4/11
Myrick, L. S., designated Assistant lei=aminer
3/1
Paulger, Leo H., appointed Examiner and designated Chief of
Division of Examinations
1/7
Letter to FRAgents anti Governors of FRBanks advising of
appointment
1/15
Granted leave of absence for three months while services
are required by Reconstruction Finance
Corporation
5/2
Ringen, G. M., designated Assistant FRExaminer
3/1
Siems, L. A. A.., designated FRExaminer
3/1
Transferred from field force to Washington Office and
compensation adjusted
6/9
Troup, Fred W., appointment as Assistant Examiner
6/6
Wilkes, M. R., designated FRExaminer
3/1
Wishart, H. J., designated Assistant FRExaminer
3/1
Ex-Service men employed on, request of Congressman Shott for
information in connection with bill now before
Civil Service Committee
2/15
Fiscal Agent;
Imlay, W. M., death of
2/25
Noell, J. C., designated as, in addition to position as
Assistant Secretary
2/25
Bond approved
2/26



321
472
510

202
159
159
159
159
159
159
159
159
159
22
159
159
159
159
159
159
296
159
6
22

359
159
159
477
464
159
159

115
143
144
148

85
Pages
Staff of FRBoard: (Continued)
Messengers:
Banks, Essex, services terminated because physically unable
2/18 120
to perform duties
Johnson, Gordon P., appointment and salary and detailed to
3/1
151
Otis Building in place of Essex Banks
Office of Mr. Magee:
5/6
367
Stone, A. M., salary increased as Secretary
Opinion and suggestions on Glass Bill made to Committee were made
in personal capacities and were not views of
3/18 215
FRBoard
4/13 308
Organization chart prepared at request of Bureau of Efficiency
6/9
484
Copy furnished to Chief Coordinator
Secretary:
Authorized to approve reduction to 2- per cent in rediscount
rate of MBank of New York if voted by directors 6/23 519
6/2? 521
Report of Secretary on action taken
Morrill, Chester, to devote time to consideration of Glass
3/21 223
Bill and submit report
Telegraph Office:
2/15 108
Kidwell, Warren, appointment and salary as messenger
5/23 417
Vacation relief operator, employment during July and August
2/15 108
Wright, Leroy, resignation as messenger
State banking authorities, letter to FRAgent at Dallas on cooperation
in correcting unsatisfactory conditions at State
3/17 209
member banks
State member banks:
Adrian State Savings Bank, Adrian, Mich., permission to FRBank of
Chicago to rediscount paper acquired from
4/1
253
Deerfield State Bank, Deerfield, Mich.
Albany State Bank, Albany, Ore.:
Advertisements, to be requested to discontinue use of phrase
"Under Government Supervisionli in, and with title 6/9
483
Assets taken over and liabilities assumed of First Savings
3/9
180
Bank of Albany without approval of FRBoard
4/29 352
No action until after examination of merged institution
American Bank and Trust Co., New Orleans, La., advance under Sec.
6/20 503
10(b) of FRAct approved
Anglo California Trust Co., San Francisco, Calif., advance under
4/16 315
Sec. 10(b) of FRAct approved
Additional advance pending consolidation with Anglo and London
Paris National Bank and loan from Reconstruction
6/13 488
Finance Corporation
merger
Co.,
Atlantic
City,
N.
J.,
Atlantic Safe Deposit and Trust
of Guarantee Trust Co., Marine Trust Co., and
Neptune Trust Co., and title changed to Guarantee
1/22 56
Trust Co.
447
6/3
transaction
objection
to
No
purchased
assets
Trust
Boston,
Mass.,
Co.,
Bank of Commerce and
and liabilities assumed by United States Trust
2/15 113
Co.
Attorney
at
Macon
Davison,
Ga.,
United
States
request of
Bank of
for certified copies of reports of condition of
97
2/11




86

Pages

State member banks: (Continued)
Bank of Depew, N. Y., purchase of tax note of Village of Mepew by
FRBank of New York from
4/1
Purchase of additional tax note approved
5/2
Bank of Eastman, Ga., report of continued deficiency in reserves 3/1
Bank of Nutley, N. J., purchase of tax revenue notes of Torn of
Nutley by FRBank of New York
3/1
Additional purchase approved
4/1
Additional purchase approved
6/3
Bank of Statesboro, Ga., absorption of First National Bank of
Statesboro and purchase of assets of Bank of
Brooklet
2/18
Bank of Sturgeon Bay, Wis., assets taken over and liabilities
assumed of State Bank of Maplewood, action
deferred
1/15
Action on discontinuance of membership deferred until after
conference bank is to have with State Bank
Commissioner
4/1
Bank of Woodburn, Ore., proposed merger of First National Bank of
Woodburn
1/26
Butte County Bank of Belle Fourche, S. Dak., to take over
business of Little Missouri Bank of Camp Crook
3/26
Carbon County Bank, Price, Utah, assets acquired and liabilities
assumed of Emery County Bank, Castle Dale, Utah
5/9
Carroll County Trust Co., Conway, N. H., purchase of stock of
Continental Bank and Trust Co., New York City
3/3
Chouteau Trust Co., St. Louis, Mo., advice that first mortgage
serial real estate notes had not been reMoved
from assets according to condition of membership,
action deferred
4/1
Citizens Bank and Trust Co., Tampa, Fla., payment of fee by
FRBank of Atlanta to McKay, Withers and Ramsey
for services in connection with liquidation of
1/19
Citizens Banking and Trust Co., Conneaut, Ohio, report of
continued deficiency in reserves
6/29
Citizens State Bank of Greenville, Texas, deposit liability of
First State Bank of Campbell assumed, no action
necessary
1/7
Citizens State IlAnk, Memphis, Texas, hearing on forfeiture of
membership because of deficient reserves
6/9
Cleveland Trust Co., Cleveland, Ohio, assets of Midland Bank of
Cleveland acquired for liquidation and
liabilities assumed
2/25
Letter from FRAgent with further reference to, and to submit
report after next examination
4/1
Coffman Dobson Bank:and Trust Co., Chehalis, Wash., assets
acquired and liabilities assumed of First National
Bank of Chehalis
4/16
Commerce Trust Co., Kansas City, Mo., request of Federal Farm
Board for information on condition of
2/15
Condition reports:
Call as of Dec. 31, 1931
1/7
Form 105, changes to show assets pledged under repurchase
agreements, etc.
5/20




252
362
153
151
252
441

122

21

258
64
243
380
163

255

47
537

5
480

136
260

318
113
1
414

87
Pages
State member banks: (Continued)
Continental-American Bank and Trust Co., Shreveport, La., carrying
loans secured by own stock, granted additional
time for disposal of
5/23 421
Continental Bank and Trust Co., New York City:
Acquisition of business of Industrial National Bank, action
deferred
4
1/7
Stock purchased by Carroll County Trust Co. of Conway, U. H. 3/3
163
Correction of unsatisfactory conditions, FRAgents should
cooperate with State banking authorities whenever
possible
3/17 209
Cranford Trust Co., Cranford, N. J., permission to MBank of New
York to purchase tax revenue notes of Township of
Cranford from
1/28
70
Dallas City Bank, Dallas, Ore., assets acquired and liabilities
5/20 409
assumed of Bank of Falls City
Depreciation on stocks and bonds, method of showing in
17
examination reports
1/15
Application of policy to bank applying for membership, reply
to FRBank of Richmond
3/9
178
Dime Bank-Lincoln Trust Co. of Scranton, Pa., liabilities assumed
by First National Bank, FRAgent to seek
application for immediate withdrawal from
membership
2/11
99
Immediate withdrawal approved
3/23 231
East Orange Trust Co., East Orange, N. J., advance under Sec.
6/20 503
10(b) of FRAct approved
Equitable Trust Co., Atlantic City, N. J., detailed information
on purchasing assets and assuming liabilities of
Pacific Avenue National Bank and of Chelsea Safe
87
2/5
Deposit and Trust Co.
Examinations, list in each district of those not examined in
1931, FRAgent to advise of arrangements for
examinations by his office or State authorities
2/11 103
Farmers State Bank, St. John, Wash., report of continued
6/6
deficiency in reserves
466
Federation Bank and Trust Co., New York City, desire to retain
membership if it reopens
5/23 420
Fidelity State Bank, larora, Nebr., letter to FRAgent on
condition of, and on absorption of Giltner State
6/23 513
Bank
First Citizens Bank and Trust Co. of Utica, formed by
consolidation of First Bank:and Trust Co.,
Citizens Trust Co. and Utica Trust and Deposit
4/1
258
Co., no objection to transaction
First Savings and Trust Bank of Whitman County, Colfax, Wash.,
assets taken over and liabilities assumed of
Colfax National Bank without approval
3/9
180
Information on transaction submitted and FRBoard to interpose
no objection
4/1
259
First State Bank of Gresham, Ore., proposed consolidation with
Bank of Gresham, FRAgent to furnish detailed
report
1/18
29




88

Pages

State member banks: (Continued)
First Trust and Savings Bank, Harrisburg, Ill., assets acquired
and liabilities assumed of Equality State Bank
5/6
Florida Bank and Trust Co., West Palm Beach, Fla., report of
continued deficiency in reserves
1/26
Forney State Bank, Forney, Texas, hearing on forfeiture of
membership set for March 29
2/25
Hearing before FRPent, action deferred until recommendation
of directors of MBank after next meeting
4/1
Action deferred as recommended by directors of FRBank
5/6
Franklin-American Trust Co., St. Louis, Mo., business acquired by
First National Bank and immediate withdrawal from
membership approved
1/22
Franklin lashington Trust Co., Newark, N. J., advance under Sec.
10(b) of FRAct approved
6/13
Additional advance of $600,000 approved
6/27
Georgia Savings Bank and Trust Co., Atlanta, Ga., advance under
Sec. 10(b) of FRAct approved
6/15
Greenfield Bank, Greenfield, Tenn., report of continued deficiency
in reserves
5/6
Guarantee Trust Co., Atlantic City, N. J., application for
additional stock in FRBank of Philadelphia
1/22
Guardian Trust Co., Cleveland, Ohio, assets acquired and
liabilities assumed of Ohio State Bank, action
deferred
4/11
Home State Bank for Savings, Grand Rapids, Mich., consolidation
with Security National Bank and American National
Bank under title of American Home Security Bank
5/23
Industrial Trust Co., Providence, R. I., simultaneous examination
of head office and all branches not to be
required but to cover as many as possible
3/3
Jefferson Trust Co., Hoboken, N. J., advance under Sec. 10(b) of
FRAct approved
6/6
Junction State Bank, Junction, Texas, overdrafts by officers not
to be reported to Attorney General
4/5
Hearing on forfeiture of membership to be held on May 17
4/11
Report of FRAgent on improvement in condition of bank, final
action deferred
5/26
Linden Trust Co., Linden, N. J., absorption of Linden National
Bank, action deferred
4/2
Little Missouri Bank of Camp Crook, S. flak., business to be taken
over by Butte County Bank of Belle Fourche
3/26
Manchester Trust Co. of South Manchester, Conn., assets acquired
and liabilities assumed of commercial department
of Home Bank and Trust Co.
2/25
Letter on condition of bank and on disposal of its own stock
held in its assets
6/23
Manufacturers Trust Co., New York City, merger of Chatham Phenix
National Bank and Trust Co.
4/8
Maryland Trust Co., Baltimore, Md., examination report showing
carrying own stock through ownership of securities
company and also loans secured by own stock
5/6
Letter from FRAgent that bank is doing all it can to dispose
of stock and loans on its own stock taken up with
bank by FRAgent
6/3



371
63
137
256
372

54
487
523
494
370
57

302

422

165
474
275
300
431
266
243

136
512
292

370

449

89
Pages
State member banks: (Continued)
Mid-City Trust Co., Plainfield, N. J., reduction in capital stock
468
6/6
approved
Midland Bank of Cleveland, Ohio, assets acquired for liquidation
2/25 136
and liabilities assumed by Cleveland Trust Co.
4/1
260
Letter from FRAgent with further reference to
Monroe County Bank, Dundee, Mich., absorption of Dundee State
5/20 409
Savings Bank
Montclair Trust Co., Montclair, N. J., merger with Mountain
4/11 301
Trust Co.
Monticello State Bank, Monticello, Iowa, assets purchased and
liabilities assumed of Lovell State Bank, more
4/1
257
Information requested
Information submitted showing no change in character of
4/16 318
assets and no objection to transaction
New Jersey Title Guarantee and Trust Co., Jersey City, N. J.,
absorption of Bank of Lafayette and Ocean Avenue
4/25 343
Bank
Overpeck Trust Co., Ridgefield Park, N. J., merger with Ridgefield
6/3
446
Park Trust Co.
Park Savings Trust Co., Richmond Heights, Mo., report of continued
4/5
273
deficiency in reserves
Peoples Bank and Trust Co., Passaic, N. J., merger of American
Trust Co., City Trust Co., and Lincoln National
379
5/9
Bank, action deferred
Peoples Trust Co. of Dunellen, N. J., purchase of stock of
467
6/6
National City Bank without permission
Phoenix State Bank and Trust Co., Hartford, Conn., temporary
29
1/18
currency depot established at
Potter Title and Trust Co., Pittsburgh, Pa., complaint on
practice of MBank of Cleveland in taking United
States bonds as collateral for borrowings at
2/25 140
market instead of par value
Quincy Trust Co., Quincy, Mass., advance under Sec. 10(b) of
5/6
368
FRAgt for two weeks approved
5/20 408
Extension of advance to June 2 arproved
6/3
439
Authority extended to June 16
6/20 502
Authority extended to June 30
Rahway Trust Co., Rahway, N. J., unsatisfactory condition
disclosed by examination report, measures for
5/12 388
improvement in condition
Ridgefield Park Trust Co., Ridgefield Park, N. J., merger of
6/3
416
Overpeck Trust Co.
Sagamore Trust Co., Lynn, Mass., assets purchased and liabilities
3/3
164
assumed by Security Trust Co.
Security Trust Co., Lynn, Mass., assets purchased and liabilities
3/3
164
assumed of Sagamore Trust Co.
Somerville Trust Co., Somerville, Mass., extension of time to
20
1/15
complete arrangements for membership
Extension to March 1 of condition on increase in capital and
97
2/11
surplus
State Bank of Revere, Minn., report of continued deficiency in
6/6
465
reserves




90

Pages

State member banks: (Continued)
Sundance State Bank, Sundance, Wyo., assets taken over and
liabilities assumed of American State Bank,
Moorcroft, Wyo., action deferred
2/11
Condition of bank weakened in taking over Hulett State Bank,
Hulett, Wyo., but action deferred pending
correction in condition
6/20
Terre Haute Trust Co., Terre Haute, Ind., assets acquired and
liabilities assumed of Twelve Points State Bank,
no action at present
3/23
Letter from Assistant FRAgent Young on condition of bank, no
action until after next examination
4/20
Texas Bank and Trust Co., Brownsville, Texas, payment of dividend
without transfer to surplus as required by
condition of membership, condition now complied
with
2/11
Union Bank and Trust Co. of Helena, Mont., permission to FRBank
of Minneapolis to rediscount paper acquired from
nonmember banks
2/11
Union Savings Bank and Trust Co., Wilkes-Barre, Pa., liabilities
assumed by Wyoming National Bank, FRAgent to seek
application for immediate withdrawal from
membership
2/11
Union Trust Co., Cleveland, Ohio, permission to rediscount paper
acquired from nonmember banks
1/18
United States Trust Co., Boston, Mass.:
Advances under Sec. 10(b) of FRAct, application approved
4/29
Authority extended to May 19
5/12
Authority extended to June 2
5/20
Authority extended to June 16
6/3
Authority extended to June 30
6/20
Purchase of assets and liabilities assumed of Dank of
Commerce and Trust Co.
2/15
Unsatisfactory condition, policy and procedure to be pursued by
FRAgents in obtaining correction of
5/12
Valley Bank and Trust Co., Phoenix, Ariz.:
Branches closed and business transferred but branch cannot
be transferred from one town to another
5/12
Branches of Arizona Bank of Phoenix, reply to query as to
whether bank could consolidate and retain
6/3
Wayne County Savings Bank, Honesdale, Pa., assets acquired and
liabilities assumed of Waymart State Bank,
Waymart, Pa., no action until after next
examination
5/23
Westfield Trust Co., Westfield, H. J., purchase of tax revenue
notes of Town of Scotch Plains by MBank of New
York from
1/26
Wilkes-Barre Deposit and Savings Bank, Wilkes-Barre, Pa., assets
acquired and liabilities assumed of North End
State Bank
5/9
Wilmington Trust Co., Wilmington, Del., loans to directors and
employees guaranteed by President and VicePresident to enable them to purchase stock of
bank
6/3




101

506

231
329

99

96

100
27
349
390
408
439
502
113
388

387
452

422

64

380

448

91
Pages
State member banks: (Continued)
Withdrawals from FRSystem: (See Withdrawals)
Viorcester Bank and Trust Co., Worcester, Mass., advance under Sec.
10(b) of YEAct approved
5/23 418
Extension of authority to June 16 approved
6/3
438
Authority extended to June 30
6/20 502
Statistical activities of FRBoard, reply to questionnaire of Chief
Coordinator
6/9
484
Statistics letter to Secretary of Commerce opposing enactment of
H. R. 11424 on discontinuing collection by Bureau
of the Census of certain industrial
6/3 458
Steiwer, Senator Frederick, reply to letter on S. 2409 on discount of
bills endorsed by Federal Intermediate Credit
Banks, etc.
3/3
169
Stephens and Thornell, Clarinda, Iowa, payment of fees for services
in court cases by FRBank of Chicago
4/1
251
Stock, capital:
Allenhurst National Bank and Trust Co., Allenhurst, N. J.,
reduction approved and then to be increased
3/17 207
Atlantic National Bank of Boston, Mass., reduction approved
2/25 134
Bernardsville National Bank, Bernardsville, N. J., reduction
approved and then to be increased
5/16 395
Central Valley National Bank, Central Valley, N. Y., reduction
approved
2/25 133
Citizens National Bank, Bloomsbury, N. J., reduction approved and
then to be increased
5/9
381
Continental-..American Bank and Trust Co., Shreveport, La., carrying
loans secured by its own stock, granted additional
time for disposal of
5/23 421
Continental Bank:and Trust Co., New York City, purchase by Carroll
County Trust Co. of Conway, N. H.
3/3
163
Farmers National Bank of Theresa, N. Y., reduction approved with
conditions stated
4/20 328
First Federal Foreign Banking Corporation, adjustments required
in connection with reduction in
1/15
21
First National Bank of Northampton, Mass., reduction approved and
then to be increased
3/22 227
First National Bank and Trust Co. of Pompton Lakes, N. J.,
reduction approved with conditions stated
2/15 112
First State Bank of Bedias, Texas, capital reduced below minimum
for member banks and immediate withdrawal from
membership approved
6/3
450
Manchester Trust Co., South Manchester, Conn., FRAgent to discuss
disposing of shares of own stock held in assets
6/23 513
Marylsna Trust Co. of Baltimore, Md., examination report shows
carrying of own stock through ownership of
securities company
5/6
370
Letter from FRAgent that bank is doing all it can to dispose
of stock and loans on its own stock taken up with
bank by FRAgent
6/3 449
Mechanics National Bank, Worcester, Mass., reduction approved and
then to be increased
5/16 394
Mid-City Trust Co., Plainfield, N. J., reduction approved
6/6
468




92

Pages

Stock, capital: (Continued)
National Bank of Far Rockaway, N. Y., reduction apnroved
5/23
Peoples Trust Co., Dunellen, N. J., purchase of fifty shares of
National City Bank without permission of FRBoard,
advised to adhere to condition of membership in
future
6/6
Unaka and City National Bank of Johnson City, Tenn., reduction
approved and then to be increased
4/20
Wilmington Trust Co., Wilmington, Del., loans to directors and
employees for purchase of stock of bank and
guaranteed by President and Vice-President of
bank
6/3
Stock, FRBank:
Cancellation of, amendment to section of Regulation I suggested
by FRAgent at Dallas
4/25
Cancellation of lost certificates of member banks in liquidation,
procedure for
3/9
FRBank of Atlanta:
American National Bank, Dayton, Tenn., surrender approved
1/7
Bank of Eastman, Eastman, Ga., surrender approved
3/1
Bank of Soperton, Soperton, Ga., surrender approved
3/1
Citizens and Southern National Bank, Savannah, Ga., surrender
approved
2/3
City National Bank, Knoxville, Tenn., surrender approved
4/7
Dawson-City National Bank, Dawson, Ga., surrender approved
1/15
East Tennessee National Bank, Knoxville, Tenn., application
approved
3/9
Farmers and Merchants National Bank, Enterprise, Ala.,
surrender approved
2/18
First National Dank, Arcadia, Fla., surrender approved
3/3
First National Bank in Decatur, Ala., surrender approved
4/13
First National Bank, Elizabethton, Tenn., surrender approved 1/26
First National Bank, Elton, La., surrender approved
4/25
First National Bank, Graceville, Fla., surrender approved
1/7
First National Bank in Gulfport, Miss., surrender approved
1/27
First National Bank, Hartwell, Ga., surrender approved
4/4
First National Bank, Hattiesburg, Miss., surrender approved
2/18
First National Bank, Kingston, Tenn., surrender approved
2/1
First National Bank, Lincoln, Ala., surrender approved
3/1
First National Bank, Lyons, Ga., surrender approved
5/2
First National Bank, Miami, Fla., surrender approved
3/3
First National Bank, Millen, Ga., surrender approved
6/6
First National Bank, Murfreesboro, Tenn., surrender approved 3/9
First National Bank, Piedmont, Ala., surrender approved
1/26
First National Bank, Rockwood, Tenn., surrender approved
3/21
First National Bank, Statesboro, Ga., surrender approved
5/12
First National Bank, Thomasville, Ga., surrender approved
3/21
Georgia Railroad Bank and Trust Co., Augusta, Ga.,
application approved
1/7
Hancock:National Bank, Sparta, Ga., surrender approved
6/15
Hartford National Bank, Hartford, Ala., surrender approved
3/25
Liberty National Bank and Trust Co., Savannah, Ga.,
application approved
2/3
3/25




418

467
327

448

344
183
7
160
160
83
286
23
176
123
170
310
65
346
7
68
271
123
76
160
365
170
476
185
65
224
390
224
9
498
240
82
239

93
Pages
Stock, Pak: (Continued)
PRBank of Atlanta: (Continued)
Merchants and Farmers Bank of Greene County, Eutaw, Ala.,
application approved
Miami Beach First National Bank, Miami Beach, Pla., surrender
approved
Mobile National Bank, Mobile, Ala., surrender approved
New Orleans Bank and Trust Co., New Orleans, La., surrender
approved
Parish Bank and Trust Co., Opelousas, La., surrender approved
Peoples Bank of Carrollton, Ga., surrender approved
Phoenix National Bank, Columbia, Tenn., surrender approved
Savannah Bank and Trust Co., Savannah, Ga., surrender
Southern Bank and Trust Co., Birmingham, Ala., surrender
FRBank of Boston:
Bank of Commerce and Trust Co., Boston, Mass., surrender
Boston—Continental National Bank, Boston, Mass., surrender
City National Bank, New Britain, Conn., surrender approved
Day Trust Co., Boston, Mass., application approved
Exchange Trust Co., Boston, Mass., surrender approved
Federal National Bank, Boston, Mass., surrender approved
First National Bank, Litchfield, Conn., surrender approved
First National Bank, Portsmouth, N. H., application approved
Foxboro National Bank, Foxboro, Mass., application approved
Georgetown National Bank, Georgetown, Mass., surrender
Gloucester National Bank, Gloucester, Mass., application
Application for additional approved
Surrender approved
Merchants National Bank, Newbuxyport, Mass., surrender
Merchants National Bank, New Haven, Conn., surrender approved
Middlesex National Bank, Lowell, Mass., surrender approved
Millbury National Bank, Millbury, Mass., surrender approved.
Millers River National Bank, Athol, Mass., surrender approved
National Tradesmens Bank and Trust Co., New Haven, Conn.,
surrender approved
Newton National Bank, Newton, Mass., surrender approved
North Berwick National Bank, North Berwick, Me., surrender
Public National Bank, Rochester, N. H., surrender approved
Sagamore Trust Co., Lynn, Mass., surrender approved
Somerville Trust Co., Somerville, Mass., application approved
State National Bank in Lynn, Mass., surrender approved
United States Trust Co., Boston, Mass., surrender approved
Winchester National Bank, Winchester, Mass., application
FRBank of Chicago:
Albion State Bank, Albion, Mich., surrender approved
American National Bank and Trust Co., Benton Harbor, Mich.,
surrender approved
American Savings Bank and Trust Co., Davenport, Iowa,
surrender approved
American State Savings Bank, Lansing, Mich„ surrender
Anamosa National Bank, Anamosa, Iowa, surrender approved
Bankers Trust Co., Des Moines, Iowa, application approved
Blissfield State Bank, Blissfield, Mich., application




6/9

479

2/18 123
1/15
24
1/15
23
3/25 240
6/23 520
1/15
24
2/18 123
3/9
185
2/11
2/1
3/25
2/3
3/1
1/7
3/15
1/7
3/9
3/15
3/21
6/3
6/6
6/20
3/1
3/1
3/1
3/1

104
76
239
82
160
7
203
7
185
203
223
462
476
509
159
160
160
159

3/1
3/3
3/15
6/20
3/21
4/5
2/1
2/25
3/9

159
170
203
509
224
278
76
145
185

2/1

76

4/20 335
2/15
3/1
4/4
1/15
2/16

116
160
271
23
117

94

Pages

Stock, FRBank: (Continued)
FRBank of Chicago: (Continued)
Centerville National Bank, Centerville, Iowa, application
2/1
Citizens Commercial and Savings Bank, Flint, Mich., annlication
approved
2/15
Citizens National Bank, Appleton, Wis., surrender approved
2/11
Citizens National Bank, Kendallville, Ind., surrender
3/25
Citizens National Bank, Knoxville, Iowa, surrender apnroved
2/15
Citizens National Bank, Wisconsin Rapids, Wis., surrender
1/19
Citizens National Bank and Trust Co., Terre Haute, Ind.,
surrender approved
1/7
Citizens Savings Bank, Gilman, Iowa, application approved
3/11
City and State National Bank and Trust Co., Logansport, Ind.,
surrender approved
2/25
City National Bank and Trust Co., Battle Creek, Mich.,
surrender approved
1/15
Commercial National Bank, Rockford, Ill., surrender approved 5/6
Commercial Savings Bank, Adrian, Lich., application approved 3/11
Commercial Savings Bank, Marshall, Mich., application
3/11
Commercial State Savings Bank, Lakeview, Mich., application
3/11
Dearborn State Bank, Dearborn, Mich., application approved
1/19
Depositors State Bank, Chicago, Ill., surrender approved
3/15
Des Plaines State Bank, Des Plaines, Ill., surrender approved 1/19
Detroit Savings Bank, Detroit, Mich., surrender approved
1/15
Farmers and Wabash. National Bank, Wabash, Ind., surrender
3/17
Farmers Bank, Mason, Mich., application approved
2/5
Farmers National Bank, Pekin, Ill., surrender approved
4/29
Fayette Bank and Trust Co., Connersville, Ind., application
1/19
First-Cannelton National Bank, Cannelton, Ind., application
2/16
First Capital State Bank, Iowa City, Iowa, application
5/2
First Iowa State Trust and Savings Bank, Burlington, Iowa,
surrender approved
3/3
First National Bank, no, Ind., surrender anproved
2/5
First National Bank in Aurora, Ill., application approved
1/19
First National Bank in Blandinsville, Ill., application
2/3
First National Bank, Blandinsville, Ill., surrender approved 5/6
First National Bank, Boyne City, Mich., surrender approved
1/15
First National Bank, Champaign, Ill., surrender approved
5/20
First National Bank, Conrad, Iowa, surrender approved
1/7
First National Bank, Dale, Wis., application approved
4/1
First National Bank, Danville, Ill., application approved
1/19
First National Bank, Loon, Iowa, surrender approved
1/27
First National Bank, Dougherty, Iowa, surrender approved
3/21
First National Bank, Eldon, Iowa, application approved
1/15
First National Bank, Elkader, Iowa, surrender approved
3/1
First National Bank, Elmhurst, Ill., surrender approved
3/3
First National Bank, El Paso, Ill., surrender approved
1/27
First National Bank in Fennimore, Wis., application approved 2/11
First National Bank, Foosland, Ill., surrender approved
3/17
First National Bank, Gary, Ind., surrender approved
2/11
First National Bank, Hamilton, Ill., surrender approved
3/15
First National Bank, Harvey, Ill., surrender approved
2/11
First National Bank, Horicon, Wis., surrender approved
5/20
First National Bank, Iowa City, Iowa, surrender approved
2/11




76
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116
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95
Pages
Stock, FRBank: (Continued)
FRBank of Chicago: (Continued)
First National Bank, Kaukauna, Wis., surrender approved
First National Bank, Lake Park, Iowa, application approved
First National Bank, Le Mars, Iowa, surrender approved
First National Bank, LeRoy, Ill., surrender approved
First National Bank, Lost Nation, Iowa, surrender approved
First National Bank, Mayville, Wis., application approved
:First National Bank, Mendota, Ill., surrender approved
First National Bark, Momence, Ill., surrender approved
First National Bank, Montezuma, Ind., surrender approved
First National Bank, Oconomowoc, Wis., surrender approved
First National Bank, Palatine, Ill., surrender approved
First National Bank at Pontiac, Mich., application approved
First National Bank, Radcliffe, Iowa, surrender approved
First National Bank, Rio, Wis., surrender approved
First National Bank, Rock Falls, Ill., surrender approved
First National Bank, Shawano, Wis., surrender approved
First National Bank, Shelbyville, Ill., surrender approved
First National Bank, Shelbyville, Ind., surrender approved
First National Bank, South Bend, Ind., surrender approved
First National Bank, Tampico, Ill., surrender approved
First National Bank, Tremont, Ill., surrender approved
First National Bank, Whiting, Ind., surrender approved
First State and Savings Bank, Howell, Mich., application
First State Bank, Barrington, Ill., surrender approved
Fletcher American National Bank, Indianapolis, Ind.,
surrender approved
Forest City National Bank, Rockford, Ill., surrender
Glenwood State Bank, Glenwood, Iowa, application approved
Hammond National Bank:and Trust Co., Hammond, Ind.,
surrender approved
Henry National Bank, Henry, Ill., surrender approved
Hillsdale Savings Bank, Hillsdale, Mich., application
Home National Bank, Elgin, Ill., surrender approved
Hopedale National Bank, Hopedale, Ill., surrender approved
Illinois Bank and Trust Co., Rockford., Ill., application
Indiana Harbor National Bank, East Chicago, Ind., surrender
Iowa State Bank, Algona, Iowa, application approved
Iowa State Savings Bank, Fairfield, Iowa, application
Jefferson Park National Bank, Chicago, Ill., surrender
John Weedman National Bank, Farmer City, Ill., surrender
Joliet National Bank, Joliet, Ill., surrender approved
Joliet Trust and Savings Bank, Joliet, Ill., surrender
Lapeer County Bank, Imlay City, Mich., application approved
Lenawee County Savings Bank, Adrian, Mich., application
Lincoln National Bank:and Trust Co., Fort Wayne, Ind.,
surrender approved
Mendota National Bank, Mendota, Ill., surrender approved
Michigan State Bank, Eaton Rapids, Mich., surrender approved
National Bank of America at Gary, Ind., surrender approved
National Bank of Commerce, Adrian, Mich., application
National Bank of Decorah, Decorah, Iowa, surrender approved




1/7
4/29
1/15
3/17
1/26
3/11
3/9
1/19
3/21
2/25
2/25
3/1
2/5
3/15
6/23
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1/7
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96

Pages

Stock, FRBank: (Continued)
FRBank of Chicago: (Continued)
National Bank of De Pere, Wis., surrender approved
3/3
National Bank of Mendota, Mendota, Ill., application
4/6
National Bank of Seymour, Seymour, Ill., surrender approved 1/15
National City Bank, Ottawa, Ill., surrender approved
1/26
Newton National Bank, Newton, Iowa, application approved
2/3
Oceana County Savings Bank, Hart, Mich., surrender approved 1/26
Oconomowoc National Bank, Oconomowoc, Wis., application
6/3
Old State Bank, Fennville, Mich., application approved
3/11
Onsted State Bank, Onsted, Mich., application approved
3/17
Oskaloosa National Bank, Oskaloosa, Iowa, surrender approved 2/11
Peoples State Bank, Flushing, Mich., surrender approved
5/12
Peru National Bank, Peru, Ill., surrender approved
2/3
Pinconning State Bank, Pinconning, Mich., application
3/11
Pinney State Bank, Cass City, Mich., application approved
3/11
Pioneer National Bank, Waterloo, Iowa, surrender approved
3/15
Polo State Bank, Polo, Ill., surrender approved
3/17
Rockford National Bank, Rockford, Ill., surrender approved
3/9
State Bank of Caledonia, Caledonia, Mich., surrender
1/7
State Bank of Croswell, Croswell, Mich., application
2/16
State Bank of Wisconsin, Madison, Wis., surrender approved
3/17
State National Bank, Petersburg, Ill., application approved 3/11
State Savings Bank, Ionia, Mich., surrender approved
5/12
Story County Trust and Savings Bank, Ames, Iowa, surrender
3/17
Streator National Bank, Streator, Ill., surrender approved
6/3
Taylorville National Bank, Taylorville, Ill., surrender
1/26
Valparaiso National Bank, Valparaiso, Ind., surrender
2/25
Woodlawn Trust and Savings Bank, Chicago, Ill., surrender
3/1
FRBank of Cleveland:
Aliquippa National Bank, Aliquippa, Pa., surrender approved 2/1
Bell National Bank, Pineville, Ky., surrender approved
2/15
Citizens National Bank, Bluffton, Ohio, application approved 2/3
Citizens National Bank, Bolivar, Pa., surrender approved
3/9
Citizens National Bank, Harlan, Ky., surrender approved
2/3
Citizens National Bank, Indiana, Pa., application approved
4/5
Citizens National Bank, New Lexington, Ohio, surrender
1/19
Citizens Savings Bank Co., Upper Sandusky, Ohio, surrender
1/8
Commerdia7 National Bank, Youngstown, Ohio, surrender
4/20
Fairfield National Bank, Lancaster, Ohio, application
2/3
Farmers and Merchants Bank, Caldwell, Ohio, application
5/23
Application withdrawn
6/29
Farmers and Miners National Bank, Bentleyville, Pa.,
surrender approved
1/19
Farmers Bank, McCutchenville, Ohio, surrender approved
2/11
Farmers National Bank, Clarksville, Ohio, surrender approved 2/3
Farmers National Bank, Leechburg, Pa., surrender approved
1/26
First Bank and Trust Co., Washington, Pa., surrender
3/21
First National Bank, Boswell, Pa., surrender approved
2/25
First National Bank in Brockway, Pa., surrender approved
3/9
First National Bank, Cumberland, Ohio, surrender approved
6/20
First National Bank, Dillonvale, Ohio, surrender approved
3/25
First National Bank, Fleming, Ky., surrender approved
1/27
First National Bank, Fredericktown, Ohio, surrender approved 3/1




170
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65
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97
Pages
Stock, FRBank: (Continued)
FRBank of Cleveland: (Continued)
First National Bank, Geneva, Ohio, surrender approved
First National Bank, Glen Campbell, Pa., surrender approved
First National Bank in Hazard, Ky., surrender approved
First National Bank, Mt. Pleasant, Pa., surrender approved
First National Bank, Pitcairn, Pa., surrender approved
First National Bank, Russell, Ky., surrender approved
First National Bank, Trafford, Pa., surrender approved
First National Bank, Turtle Creek, Pa., surrender approved
First National Bank, Willoughby, Ohio, surrender approved
First National Bank, Yunngstorm, Ohio, surrender approved
First National Bank and Trust Co., Greensburg, Pa.,
surrender approved
Home Banking Co., St. Marys, Ohio, application approved
Home National Bank, Union City, Pa., surrender approved
Hamer City National Bank, Homer City, Pa., surrender
Marion National Bank, Marion, Ohio, surrender approved
Midland Bank of Cleveland, Ohio, surrender approved
National Bank of Morrow County, Mt. Gilead, Ohio, surrender
National Bank of Springdale, Springdale, Pa., application
National Exchange Bank and Trust Co., Steubenville, Ohio,
application approved
Peoples City Bank, McKeesport, Pa., application for
Application approved
Peoples National Bank, Buxgettstown, Pa., surrender approved
Peoples National Bank, Lodi, Ohio, surrender approved
Peoples National Bank, Mt. Pleasant, Pa., surrender approved
Peoples National Bank, New Lexington, Ohio, application
Peoples National Bank, Pitcairn, Pa., surrender approved
Peoples National Bank, Wellsville, Ohio, surrender approved
Rittman Savings Bank, Rittman, Ohio, application approved
Second National Bank, Ashland, Ky., application approved
Second National Bank, Uniontown, Pa., surrender approved
Second National Bank in Youngstown, Ohio, surrender
Third National Bank, Pittsburgh, Pa., surrender approved
Union National Bank, New Castle, Pa., surrender approved
Union National Bank, Youngstown, Ohio, application approved
Union Trust Co., Pittsburgh, Pa., application approved
FRaxik of Dallas:
Beeville Bank and Trust Co., Beeville, Texas, surrender
Blanco National Bank, Blanco, Texas, surrender approved
Burnet National Bank, Burnet, Texas, surrender approved
Citizens National Bank, Brownwood, Texas, surrender approved
City-Central Bank and Trust Co., San Antonio, Texas,
surrender approved
City National Bank, Colorado, Texas, surrender approved
Coleman National Bank, Coleman, Texas, surrender approved
First Coleman National Bank, Coleman, Texas, application
First National Bank, Avery, Texas, surrender approved
First National Bank in Brownsville, Texas, surrender
First National Bank, Coleman, Texas, surrender approved
First National Bank, Dawson, Texas, surrender approved




1/15
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4/1
3/15
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5/12
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98
Stock, MBank: (Continued)
FRBank of Dallas: (Continued)
First National Bank in Decatur, Decatur, Texas, application
First National Bank, mhouse, Texas, surrender approved
First National Bank, Goree, Texas, surrender approved
First National Bank, Laredo, Texas, surrender approved
First National Ban= In McAllen, Texas, surrender approved
First National Bank in McKinney, Texas, surrender approved
First National Bank, Millsap, Texas, surrender approved
First National Bank, Mineola, Texas, anplication approved
First National Dank, Mt.-Vernon, Texas, surrender approved
First National Bank in Munday, ',Sunday, Texas, application
First National Bank, Munday, Texas, surrender approved
First National Bank, Needville, Texas, surrender approved
First National Bank, Odell, Texas, surrender approved
First National Bank, Odessa, Texas, application approved
First National Bank, Paradise, Texas, surrender approved
First National Bank, Refugio, Texas, application approved
First National Bank, Rockdale, Texas, surrender approved
First National Bank, Santa Rosa, N. Mex., surrender approved
First National Bank, Shamrock, Texas, surrender approved
First National Bank in Stamford, Texas, application approved
First National Bank, Stamford, Texas, surrender approved
First National Bank, Sweetwater, Texas, surrender anoroved
First National Bank, Sylvester, Texas, surrender approved
First—Nichols National Dank, Kenedy, Texas, surrender
First State Bank, Coahoma, Texas, surrender approved
First State Bank of Corsicana, Texas, surrender approved
First State Bank, Dodsonville, Texas, application approved
First State Bank, Kirkland, Texas, surrender approved
First State Bank, Mundy, Texas, surrender approved
First State Bank, Murchison, Texas, surrender approved
First State Bank, Roby, Texas, surrender approved
First State Bank, Seymour, Texas, surrender approved
First State Bank, Slaton, Texas, surrender approved
First State Bank, Wortham, Texas, surrender approved
First State Bank and Trust Co., Snyder, Texas, surrender
Fredericksburg National Bank, Fredericksburg, Texas,
application approved
Itasca National Bank, Itasca, Texas, surrender approved
Liberty National Bank, Waco, Texas, surrender approved
Lorena National Bank, Lorena, Texas, surrender approved
Merchants National Bank, Brownsville, Texas, surrender
Moore State Bank, Llano, Texas, application approved
Nogales National Bank, Nogales, Ariz., surrender approved
Peoples National Bank, Tyler, Texas, application approved
Peoples National Bank, Victoria, Texas, surrender approved
Planters National Bank, Whitewright, Texas, surrender
San Angelo National Bank, San Angelo, Texas, surrender
Security State Bank, Hedley, Texas, surrender approved
Security State Bank, Tahoka, Texas, surrender approved
Sherman County National Bank, Stratford, Texas, surrender
Slaton State Bank, Slaton, Texas, surrender approved
South Texas Commercial National Bank, Houston, Texas,
surrender approved



Pages

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1/7
4/1
1/27
1/20
3/15
5/12
4/5
6/15
1/18
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3/23
3/21
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4/16
5/12
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8

99
Pages
Stock, RBank: (Continued)
FRBadk of Dallas: (Continued)
State National Bank of Iowa Park, Iowa Park, Texas,
application approved
State National Bank, Marshall, Texas, application approved
Texarkana National Bank, Texarkana, Texas, surrender
Texas National Bank, Beaumont, Texas, surrender approved
FRBank of Kansas City:
American National Bank, Beggs, Okla., surrender approved
American National Bank, Creighton, Nebr., application
Bank of Moorefield, Nebr., application approved
Citizens National Bank, Great Bend, Kane., surrender
City National Bank, Colorado Springs, Colo., surrender
Colorado Bank and Trust Co., Delta, Colo., application
Craig National Bank, Craig, Colo., surrender approved
Creighton National Bank, Creighton, Nebr., surrender
Eaton National Bank, Eaton, Colo., surrender approved
Exchange National Bank, Tulsa, Okla., surrender approved
Farmers and Drovers National Bank, Marion, Kans.,
application approved
First National Bank in Alma, Kans., application approved
First National Bank, Alva, Okla., surrender approved
First National Bank, Brighton, Colo., surrender approved
First National Bank, Brinkman, Okla., surrender approved
First National Bank, Buena Vista, Colo., surrender approved
First National Bank, Cherokee, Kans., surrender approved
First National Bank, Commerce, Okla:, surrender approved
First National Bank, Craig, Colo., surrender approved
First National Bank, Fairfax, Okla., surrender approved
First National Bank, Fbrgan, Okla., surrender approved
First National Bank, Fort Collins, Colo., surrender approved
First National Bank, Healdton, Okla., surrender approved
First National Bank, Hiawatha, Kans., surrender approved
First National Bank, Highland, Kans., surrender approved
First National Bank, Idaho Springs, Colo., surrender
First National Bank in Independence, Kans., surrender
First National Bank, Lafayette, Colo., surrender approved
First National Bank in Loup City, Nebr., application
First National Bank, Luray, Kans., surrender approved
First National Bank, McCune, Kans., surrender approved
First National Bank, Minatare, Nebr., application approved
First National Bank, Monte Vista, Colo., surrender approved
First National Bank, Pittsburg, Kans., surrender approved
First National Bank in Pond Creek, Okla., surrender approved
First National lank, Tilden, Nebr., surrender approved
First National Bank, Tonganoxie, Kans., application approved
First National Bank, Vian, Okla., surrender approved
First National Bank, Woodward, Okla., surrender approved
Gering National Bank, Gering, Nebr., application approved
National Bank of Adrian, Adrian, Mo., surrender approved
National Bank of Chetopa, Chetopa, Kans., surrender approved
National Bank of Commerce, Garnett, Kans., surrender
National Bank of Commerce,,Wetuthka, Okla., surrender




5/16 401
4/5
279
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1/19
6/23 520
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100

Pages

Stock, FRBank: (Continued)
FRBank of Kansas City: (Continued)
National Banic of Kaw City, Kaw City, Okla., surrender
4/1
National Bank of Sabetha, Kans., surrender approved
3/3
Nebraska National Bank of Alliance, Nebr., application
6/3
Norfolk:National Bank, Norfolk, Nebr., surrender approved
1/26
Oakland State Bank, Oakland, Nebr., surrender approved
6/23
Park County Bank, Powell, Wyo., surrender approved
1/26
Security National Bank, Clinton, Okla., application approved 3/9
Security National Bank, Independence, Kans., surrender
6/6
Sedan State Bank, Sedan, Kans., surrender approved
4/7
WAUkomis National Bank, Waukomis, Okla., surrender approved 4/20
Western National Bank., Pueblo, Colo., surrender approved
1/26
West Point National Bank., West Point, Nebr., surrender
1/26
Wynona National Bank, Wynona, Okla., surrender approved
4/7
MBank of Minneapolis:
American National Bank, Nashwalik, Minn., application
4/5
American National Bank, St. Cloud, Minn., application
2/25
Belgrade State Bank, Belgrade, Mont., surrender approved
4/7
Bessemer National Bank, Bessemer, Mich., application
3/25
Bloomington-Lake National Bank, Minneapolis, Minn.,
application approved.
2/25
Farmers and Merchants National Bank, Webster, S. Dak.,
surrender approved
1/19
Farmers National Bank, Portland, N. Dak., surrender approved 4/20
Farmers State Bank, Faith, S. Dak., application approved
1/26
First and Farmers National Bank, Portland, N. Dak.,
application anproved.
1/23
First National Bank in Amboy, Minn., application approved
4/5
First National Banlr, Belle Fourche, S. Dak., surrender
1/15
First National Bank, Bessemer, Mich., surrender approved
5/20
First National Bank, Blair, Wis., surrender approved
3/9
First National Bank, Blooming Prairie, Minn., application
2/25
First National Bank, Columbus, Mont., surrender approved
3/3
First National Bank, Gourtenay, N. Bak., surrender approved 1/15
First National Bank, Custer City, S. Dak., surrender
1/26
First National Bank, Davis, S. Dak., surrender approved
3/25
First National Bank, Farmer, S. Dak., surrender approved
2/11
First National Bank, Geyser, Mont., application approved
2/25
First National Bank, Hardin, Mont., application approved
2/25
First National Bank, Harlem, Mont., surrender approved
2/25
First National Bank, Isanti, Minn., surrender approved
1/19
First National Bank, Lake Crystal, Minn., application
2/25
First National Bank in Mahnomen, Minn., Application approved 2/25
First National Bank, Maiden Rock, Wis., application approved 4/5
First National Bank, Marshall, Minn., application approved
1/15
First National Bank, Osnabrook, N. Dak., surrender approved 2/11
First National Bank, Portland, N. Bak., surrender approved
4/20
First National Bank, Reynolds, N. Bak., surrender approved
4/29
First National Bank, St. Thomas, N. Bak., surrender approved 5/12
First National Bank, Stanford, Mont., surrender approved
1/19
First National Bank, Starkweather, N. Dak., surrender
2/5
First National Bank, Stewartville, Minn., surrender approved 5/20
First National Bank, Viborg, S. Bleak., surrender approved
2/25




263
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66
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101
Pages
Stock, MBank: (Continued)
FRBank of Minneapolis: (Continued)
First National Bank, Winnebago, Minn., surrender approved
Iron Exchange Bank, Hurley, Wis., application approved
Little Missouri Bank, Camp Crook, S. Bak., surrender
National Bank of Aitkin, Aithin, Minn., surrender approved
New First National Bank in Bell Rapids, S. Dak., application
Oneida National Bank, Rhinelander, Wis., surrender approved
Peoples National Bank, Hayward, Wis., application approved
Roseau County National Bank, Roseau, Minn., surrender
Security National Bank, Edgeley, N. Dak., application
Security National Bank, Willmar, Minn., surrender approved
Sidney National Bank, Sidney, Mont
application approved
Stewartville National Bank, Stewartville, Minn., application
Third Northwestern National Bank, Minneapolis, Minn.,
application approved
Winona National and Savings Bank, Winona, Minn., application
MBank of New York:
American Express Bank and Trust Co., New York, N. Y.,
surrender approved
Bank of East Aurora, East Aurora, N. Y., application
Bank of Hammondsport, Hammondsport, N. Y., surrender
Brooklyn National Bank, New York, N. Y., surrender approved
Callicoon National Bank, Callicoon, N. Y., surrender
Carthage National Bank, Carthage, N. Y., surrender approved
Chase National Bank of the City of New York, N. Y.,
surrender approved
Chatham Phenix National Bank and Trust Co., New York, N. Y.,
surrender approved
Cherry Creek National Bank, Cherry Creek, N. Y., surrender
Citizens Bank, Perry, N. Y., application approved
Citizens National Bank, Albion, N. Y., surrender approved
Citizens National Bank and Trust Co., Ridgewood, N. J.,
application approved
Citizens Trust Co., Fredonia, N. Y., surrender approved
City National Bank and Trust Co., Hackensack, N. J.,
surrender approved
Community Trust Co., Middleport, N. Y., surrender approved
Corinth National Bank, Corinth, N. Y., surrender approved
First National Bank, Bradley Beach, N. J., surrender
First National Bank, Brushton, N. Y., surrender approved
First National Bank in Callicoon, N. Y., application
First National Bank, East Orange, N. J., surrender approved
First National Bank, Gasport, N. Y., surrender approved
First National Bank, High Bridge, N. J., surrender approved
First National Bank, Hornell, N. Y., surrender approved
First National Bank, Islip, N. Y., surrender approved
First National Bank in Mamaroneck, Mamaroneck, N. Y.,
application approved
Application for additional approved
First National Bank, Middleport, N. Y., surrender approved
First National Bank, Milltown, N. J., surrender approved
First National Bank, Newark, N. Y., surrender approved




6/3
2/25
5/20
5/20
1/15
4/1
2/25
3/1
2/25
2/25
2/25
4/29

462
145
416
416
23
263
145
160
145
146
145
357

2/25 145
1/15
23

2/1
2/3
2/25
2/15
4/13
3/3

76
82
145
116
310
170

1/8

13

2/25 145
68
1/27
2/3
82
3/15 203
2/3
2/5

82
91

2/1
3/1
4/13
5/6
1/15
1/15
2/15
3/9
5/20
4/1
5/6

76
160
310
374
23
23
116
185
415
263
375

1/18
42
4/5
278
3/3
170
1/26
65
4/29 357

102
Stock, MBank: (Continued)
FRBank of New York: (Continued)
First National Bank, North Rose, N. Y., surrender approved
First National Bank, Rockaway, N. J., surrender approved
First National Bank, Wharton, N. J., surrender approved
First National Bank, Whitehouse Station, N. J., surrender
First National Bank and Trust Co., Highland Falls, N. Y.,
surrender approved
First National Bank and Trust Co., Mamaroneck, N. Y.,
surrender approved
First National Bank and Trust Co., Woodbridge, N. J.,
surrender approved
First Trust and Deposit Co., Syracuse, N. Y., surrender
Genesee River National Bank, Mt. Morris, N. Y., surrender
Geneva Trust Co., Geneva, N. Y., surrender approved
Hibernia Trust Co., New York, N. Y., surrender approved
Industrial National Bank, New York, N. Y., surrender
Lafayette National Bank of Brooklyn in New York, N. Y.,
surrender approved
Liberty National Bank and Trust Company in New York, N. Y.,
surrender approved
Linden National Bank, Linden, N. J., surrender approved
M and T Trust Co., Buffalo, N. Y., surrender approved
Manufacturers rational Bank, Troy, N. Y., application
Manufacturers Trust Co., Ner York, N. Y., application
Marine Midland Trust Co., New York, N. Y., surrender
Marine Trust Company, Buffalo, N. Y., application approved
Matteawan National Bank, Beacon, N. Y., surrender approved
Montclair Trust Co., Montclair, N. J., application approved
Montour. National Bank, Montour Falls, N. Y., surrender
National Bank of Montgomery, N. Y., surrender approved
National Bank of New Jersey, New Brunswick, N. J.,
application approved
National Bank of Newport, Newport, N. Y., surrender approved
National Bank of Rensselaer, N. Y., surrender approved
National Bank of Whitehall, N. Y., surrender approved
National Exchange Bank and Trust Co., Carthage, N. Y.,
surrender approved
Ontario County Trust Co., Canandaigua, N. Y., application
Orange National Bank, Orange, N. J., surrender approved
Painted Post National Bank, Painted Post, N. Y., surrender
Palisade National Bank of Fort Lee, Palisade, N. J.,
surrender approved
Peoples National Bank and Trust Co., White Plains, N. Y.,
surrender approved
Perth Amboy Trust Co., Perth Amboy, N. J., surrender
Plainfield National Bank, Plainfield, N. J., surrender
Sandy Hill National Bank, Hudson Falls, N. Y., surrender
Seacoast Trust Co., Asbury Park, N. J., surrender approved
Silver Creek National Bank, Silver Creek, N. Y., surrender
State Bank of Pearl River, Pearl River, N. Y., application
Sussex County Trust Co., Franklin, N. J., application
Washington National Bank, New York, N. Y., surrender




Pages

4/29 357
1/19 47
3/3
170
4/13 310
4/20 334
6/20 509
1/19
2/25
4/13
2/25
2/11
3/3

47
145
310
145
104
170

1/26

65

6/6
1/27
3/21
1/8
2/25
2/25
6/9
3/25
2/3
3/21
4/29

476
68
224
13
145
145
485
240
82
224
357

4/13
3/1
4/11
4/16

310
160
303
324

3/3
170
6/23 514
1/26
65
3/1
160
3/3

170

3/21
2/15
2/11
5/6
2/11
2/3
1/7
2/3

224
116
104
374
104
82
7
82

//6
7

375
7

103
Pages
Stock, FRBank: (Continued)
FRBank of New York: (Continued)
West Orange Trust Co., West Orange, N. J., surrender
FRBank of Philadelphia:
Bank of nburn, auburn, Pa., surrender approved
Burlington, IT. J.,
Burlington City Loan and Trust Co
surrender approved
Central National Bank, Mt. Union, Pa., surrender approved
Application approved upon reopening for business
Coast National Bank, Sea Side Heights, N. J., surrender
Corn Exchange National Bank and Trust Co., Philadelphia,
Pa., surrender approved
Curwensville National Bank, Curwensville, Pa., surrender
Dime Trust and Safe Deposit Co., Shamokin, Pa., surrender
Farmers and Mechanics-National Bank of Phoenixville,
Phoenixville, Pa., surrender approved
First National Bank, Houtzdale, Pa., surrender approved
First National Bank in Mansfield, Pa., application approved
First National Bank, Renova, Pa., surrender approved
First National Bank, Tamaqua, Pa., application approved
First National Bank and Trust Co., Blackwood, N. J.,
application approved
Guarantee Trust Co., Atlantic City, N. J., application for
additional approved
Hopewell National Bank, Hopewell, Pa., surrender approved
Hyde Park National Bank, Scranton, Pa., surrender approved
Integrity Trust Co., Philadelphia, Pa., surrender approved
Littlestown National Bank, Littlestown, Pa., application
Miners National Bank, Shenandoah, Pa., application approved
New Holland National Bank, New Holland, Pa., surrender
Northampton National Bank, Easton, Pa., application
Northwestern National Bank and Trust Co., Philadelphia, Pa.,
surrender approved
North York State Bank, York, Pa., surrender approved
Olyphant Bank, Olyphant, Pa., surrender approved
Orbisonia National Bank, Orbisonia, Pa., surrender approved
Peoples National Bank, Laurel, Del., surrender approved
Restored to solvency, application approved
Peoples National Bank, State College, Pa., application
Peoples Trust Co., Frackville, Pa., surrender approved
Picture Rocks National Bank, picture Rocks, Pa., surrender
Point Pleasant Beach National Bank and Trust Co., Point
Pleasant Beach, N. J., surrender approved
Portland National Bank, Portland, Pa., surrender approved
Application approved
Ridgway National Bank, Ridgway, Pa., application appreved
:MBank of Richmond:
American National Bank and Trust Co., Danville, Va.,
application approved
Bayard National Bank, Bayard, W. Va., surrender approved
Beckley National Exchange Bank, Beckley, W. Va., surrender
Bishopville National Bank, Biahopville, S. C., surrender
Cherry River National Bank, Richwood, W. Va., application




2/11

104

1/15

23

1/26
65
2/11 104
5/26 430
3/15 203
23
1/15
3/15 203
2/11 104
4/11
6/13
6/13
3/21
1/7

304
493
493
224
7

3/9

185

1/22
1/15
3/3
1/19
2/11
6/6
3/15
1/7

57
23
170
48
104
476
203
7

2/3
2/11
2/11
6/3
2/11
6/20
2/11
4/1
4/20

82
104
104
462
104
504
104
263
334

3/15 203
2/5
91
3/22 228
6/6
476

2/5
91
6/23 520
6/9
485
2/3
82
6/29 541

104

Pages

Stock, MBank: (Continued)
FRBank of Richmond: (Continued)
Commercial National Bank, High Point, N. C., surrender
2/25
Commercial National Bank, Raleigh, N. C., surrender approved 2/11
Cumberland National Bank, Fayetteville, N. C., surrender
2/25
Farmers Bprk of Pendleton, Franklin, W. Va., surrender
4/25
First-Citizens National Bank, Pennsboro, W. Va., surrender
3/15
First National BPTIlr, Bassett, Va., application approved
2/5
First National Bank, Burlington, N. C., surrender approved
1/8
First National Bank, Durham, N. C., surrender approved
4/13
First National Bank in Florence, S. C., surrender approved
4/16
First National Bank, Gloucester, Va., surrender approved
4/20
First National Bank, Gormania, W. Va., surrender approved
2/15
First National Bank, Henderson, N. C., surrender approved
6/9
First National Bank, Lonaconing, Md., surrender approved
5/6
First National Bank, Luray, Va., business resumed and stock
formerly held to be reissued
3/1
Application approved
3/17
First National Bank, Mullins, S. C., surrender approved
1/15
First National Bank, Parkersburg, W. Va., surrender approved 2/1
First National Bank, Princeton, W. Va., surrender approved
5/26
First National Bank, Terra Alta, W. Va., surrender approved 2/1
First National Bank, Victoria, Va., surrender approved
3/15
First National Bank, Warsaw, N. C., surrender approved
3/9
First National Bank, Washington, N. C., surrender approved
1/7
First National Bank, West Union, W. Va., application
2/5
Flat Top National Bank, Bluefield, W. Va., surrender
5/6
Franklin Bank of Franklin, W. Va., surrender approved
4/25
Grafton Banking and Trust Co., Grafton, W. Va., surrender
2/18
Mt. Jackson National Bank, Mt. Jackson, Va., surrender
6/29
National Bank of Blacksburg, Blacksburg, Va., application
2/5
National Bank of Burlington, N. C., application approved
5/16
National Bank of La Grange, La Grange, N. C., surrender
1/20
National Bank of Snow Hill, Snow Hill, N. C., surrender
1/20
Peoples National Bank in Gate City, Va., application
2/5
Peoples National Bank, Martinsville, Va., surrender approved 2/25
Peoples National Bank, Parkersburg, W. Va., application
6/3
Pikesville National Bank, Pikesville, Md., surrender
3/25
Planters National Bank, Fredericksburg, Va., application
3/9
Surrender approved
5/12
Potomac Valley Bank, Petersburg, W. Va., application
2/5
Pulaski National Bank, Pulaski, Va., application approved
1/15
Schmelz National Bank, Newport News, Va., surrender approved 4/16
Second National Bank, Morgantown, W. Va., surrender approved 2/1
Wayne National Bank, Goldsboro, N. C., surrender approved
3/21
Westminster Bank, Westminster, S. C., surrender approved
2/11
FRBank of St. Louis:
Bank of Jonesboro, Jonesboro, Ark., surrender approved
1/7
Bankers Trust Co., Little Rock, Ark., surrender approved
2/11
Central Trust Co., Owensboro, Ky., surrender approved
2/11
Community Bank and Trust Co., Hot Springs, Ark., surrender
1/7
Exchange National Bank, Jefferson City, Mo., application
4/13
Farmers National Bank, Princeton, Ind., surrender approved
4/11
Farmers State Bank, Conway, Ark., surrender approved
1/7



145
104
145
346
204
91
13
310
324
335
116
485
375
152
213
23
76
435
76
204
185
7
91
375
346
123
541
91
401
50
50
91
145
462
240
184
390
91
23
324
76
224
104
8
105
105
8
310
304
8

105
Pages
Stock, FRBank: (Continued)
FRBank of St. Louis: (Continued)
Fidelity Bank and Trust Co., St. Louis, Mo., surrender
First-Mercer Nationnl Bank of Harrodsburg, Ky., application
for surrender, cannot be cancelled until bank
is in voluntary liquidation or receiver is
appointed
First National Bank, Cannelton, Ind., surrender approved
First National Bank, Carlyle, Ill., application approved
First National Bank in Cowgill, Mo., application approved
First National Bank, Eudora, Irk., surrender approved
First National Bank, Fairfield, Ill., surrender approved
First National Bank, Glasgow, Ky., surrender approved
First National Bank in Green Forest, Ark., application
First National Bank, Highland, Ill., surrender approved
First National Bank, Jefferson City, Mo., surrender approved
First National Bank, Jeffersonville, Ind., surrender
First National Bank, Mound City, Ill., surrender approved
First National Bank, Mounds, Ill., surrender approved
First National Bank in Mt. Olive, Ill., surrender approved
First National Ban, Nebo, Ill., surrender approved
First National Bank, Oblong, Ill., application approved
First National Bank, Ozark, Ark., surrender approved
First National Bank, Robinson, Ill., surrender approved
First National Bank in St. Louis, Mo., surrender approved
First National Bank, St. Peter, Ill., surrender approved
First National Bank, Seymour, Ind., surrender approved
First National Bank, West Point, Miss., application approved
Gillespie National Bank, Gillespie, Ill., surrender approved
Griggsville National Bank, Griggsville, Ill., surrender
Mechanics Bank and Trust Co., Moberly, Mo., application
Mercer County National Bank, Harrodsburg, Ky., application
Mt. Olive State Bank, Mt. Olive, Ill., surrender approved
National Bank of Rolla, Rolla, Mo., surrender approved
Oil Belt National Bank, Oblong, Ill., surrender approved
Peoples National Bank, Clinton, Mo., surrender approved
Producers State Bank, Siloam Springs, Ark., surrender
Salem National Bank, Salem, Ill., application approved
Second National Bank, New Albany, Ind., surrender approved
Second National Bank, Robinson, Ill., application approved
Sedalia National Bank, Sedalia, Mo., surrender approved
Sedalia Trust Co., Sedalia, Mo., surrender approved
State Savings Bank, Lebanon, Mo., application approved
Taylor National Bank, Campbellsville, Ky., application
Trigg National Bank, Glasgow, Ky., surrender =proved
Vandeventer National Bank, St. Louis, Mo., surrender
FRBank of San Francisco:
American National Bank, Portland, Ore., application approved
Bank of America National Trust and Savings Association, San
Francisco, Calif., surrender approved
Bank of Fountain Green, Fountain Green, Utah, surrender
Bank of Iron County, Parowan, Utah, surrender approved
Bank of Montreal, San Francisco, Calif., application
Bank of Myrtle Point, Myrtle Point, Ore., surrender approved



2/1

76

6/23
2/11
4/5
4/5
1/26
1/15
5/20
4/5
2/11
4/13
3/9
3/15
3/25
4/29
5/20
2/5
5/20
6/29
4/11
6/9
3/21
4/5
2/15
2/15
3/25
4/16
1/26
6/29
2/1
2/15
4/16
4/5
4/11
3/21
3/25
3/9
2/5
4/5
2/15
2/3

515
105
278
278
65
24
416
278
105
311
186
204
240
357
416
91
416
541
304
485
224
278
116
116
235
323
65
541
76
116
324
278
304
224
240
186
91
278
116
83

2/16

118

4/29
4/1
4/4
3/11
6/15

358
264
271
198
499

106

Pages

Stock, FRBank: (Continued)
FRBank of San Francisco: (Continued)
Bank of Southwestern Oregon, Marshfield, Ore., surrender
2/25
Butler Banking Co., Hood River, Ore,, surrender approved
3/9
Citizens First National Bank of The Dallas, The Dallas, Ore.,
surrender approved
4/20
Citizens National Bank, Baker, Ore., surrender approved
6/3
Citizens National Bank, Salmon, Idaho, surrender approved
6/29
Citizens Security National Bank, Everett, Wash., application 5/12
Colfax National Bank, Colfax, Wash., surrender approved
2/25
Commercial Bank, Okanogan, Wash., surrender approved
1/27
Commercial Bank and Trust Co., Wenatchee, Wash., surrender
3/25
Compton National Bank, Compton, Calif., application approved 1/15
Enterprise State Bank, Enterprise, Ore., surrender approved 5/12
First American National Bank, Port Townsend, Wash.,
application approved
3/11
First National Bank in Aberdeen, Wash., surrender approved
1/26
First National Bank of Bay Point, Port Chicago, Calif.,
surrender approved
4/13
First National Bank in Centralia, Wash., surrender approved 2/15
First National Bank in Chehalis, Wash., surrender approved
4/20
First National Bank, Condon, Ore., surrender approved
3/15
First National Bank, Culver City, Calif., surrender approved 3/1
First National Bank, Hoquiam, Wash., surrender approved
1/7
First National Bank, Indio, Calif., surrender approved
5/6
First National Bank, Kelso, Wash., surrender approved
2/5
First National Bank of La Grande, Ore., application approved 3/9
First National Bank, Lakeview, Ore., surrender approved
2/1
First National Bank, Layton, Utah, application approved
2/16
First National Bank, Los Gatos, Calif., surrender approved
4/13
First National Bank, Merrill, Ore., application approved
4/13
First National Bank, Milton, Ore., surrender approved
2/15
First National Bank, Monterey Park, Calif., surrender
3/3
First National Bank, Newport Beach, Calif., surrender
3/25
First National Bank, Oakland, Calif., surrender approved
1/15
First National Bank, Ontario, Ore., surrender approved
4/].
First National Bank, Oroville, Calif., application approved 2/25
First National Bank, Pendleton, Ore., surrender approved
2/11
First National Bank, St. Manias, Idaho, surrender approved
1/7
First National Bank, Salt La2n City, Utah, surrender
5/2
First National Bank, Seattle, Wash., surrender approved
1/15
First National Bank, Sedro Woolley, Wash., surrender
3/21
in Falls, Idaho, surrender approved
First National Bank,
1/26
First National Bank, Venice, Calif., surrender approved
1/27
First National Bank, Victorville, Calif., surrender approved 1/19
First National Bank, Woodburn, Ore., surrender approved
4/11
First National Bank, Yorba Linda, Calif., surrender approved 2/11
First National Bank, Zillah, Wash., surrender approved
1/15
First National Trust and Savings Bank, Fullerton, Calif.,
application approved
3/11
First Savings and Trust Bank, Colfax, Wash., application
5/12
First Security Bank, Provo, Utah, surrender approved
1/7
First Willapa Harbor National Bank, Raymond., Wash.,
surrender approved
3/17




146
186
335
463
541
390
146
69
240
23
391
198
66
311
116
335
204
161
8
375
91
184
77
118
311
310
116
171
240
24
264
145
105
8
365
24
225
66
69
48
304
105
24
198
390
8
213

107
Pages
Stock, MBank: (Continued)
FRBank of San Francisco: (Continued)
Fremont County Bank, Sugar City, Idaho, surrender approved
Hibernia Commercial and Savings Bank, Portland, Ore.,
surrender approved
Jackson County Bank, Medford, Ore., surrender approved
LaGrande National Bank, LaGrande, Ore., surrender approved
Nephi National Bank, Nephi, Utah, surrender approved
Northern California National Bank, Redding, Calif.,
application approved
Olympia National Bank, Olympia, Wash., surrender approved
Seaside National Bank, Long Beach, Calif., surrender
Security National Bank, Fairfield, Idaho, surrender approved
Security National Bank of Pasadena, Calif., application
South Gate National Bank, South Gate, Calif., surrender
State Bank of Payson, Payson, Utah, surrender aporoved
Twin Falls National Bank, Twin Falls, Idaho, surrender
Walker Bank and Trust Co., Salt Lake City, Utah, application
Walnut Park National Bank, Walnut ,Park, Calif., surrender
Washington National Bank, Tacoma, Wash., surrender approved
Surrender by insolvent member banks, ruling that certified copy
of commission of receiver is not necessary
Stock exchanges:
S. 2491, to prohibit use of mails in bucket-shop transactions
and short sales of securities, reply to
Assistant Secretary of Treasury on
S. 4647, to prevent use of mails, etc., in furtherance of
fraudulent transactions, no opinion by FRBoard
Sugar, eligibility for rediscount at FRBanks of acceptances drawn
to finance storage in warehouses

4/25

346

1/15
24
4/11 304
6/23 520
5/20 416
3/11 198
3/25 240
3/15 204
4/20 335
1/15
23
2/25 146
2/15 116
1/7
8
1/15
23
4/13 310
1/26
66
3/1
161
1/7

3

4/1

261

5/26

433

2/25

142

IITII

Taxes:
Bank checks, request of Hr. Mills for estimate of number drawn
annually and proportion under $5.00
4/29
Franchise, statements of profit and loss for 1931 furnished to
Treasury Department for examination as to
liability of FRBanks for
3/4
Income tax law of Oklahoma, inquiry of Mr. J. K. Kent on whether
employees of FRBank are employees of Government
and exempt from
4/25
Motor fuels in Pennsylvania, exemption of FRBank of Philadelphia
and Pittsburgh Branch from
4/5
Tax revenue notes:
Alpha, N. J., Borough of, purchase by FRBank of New York from
Alpha National Bank
4/29
Carlstadt, N. J., Borough of, purchase by FRBank of New York
from Carlstadt National Bank
5/12
Cliffside Park, N. J., Borough of, purchase by FRBank of New York
from Cliffside Park National Bank
2/25
Purchase of additional notes approved
6/29
Clifton, N. J., City of, purchase by _MBank of New York from
First National Bank of Clifton
4/25



355

174

345
277

348
386
127
536
337

108

Pages

Tax revenue notes: (Continued)
Columbia, County of, purchase by MBank of New York from First
National Bank and Trust Co., Hudson, N. Y.
1/15
Cranford, N. J., Township of, permission to FRBank of New York
to purchase from Cranford Trust Co.
1/28
Danbury, Conn., Town of, purchase by FRBank of New York from
Danbury National Bank approved
5/28
Purchase of additional notes approved
6/29
Depew, N. Y., Ville of, purchase by FRBank of New York from
Bank of Depew
4/1
Purchase of additional notes approved
5/2
East Rochester, Village of, purchase by FRBank of New York from
First National Bank of East Rochester
5/6
Endicott, N. Y., Village of, purchase by MBank of New York from
Endicott National Bank
3/9
Hempstead, N. Y., Town of:
Union Free School District No. 10, purchase by FRBank of New
York from Sunrise National Bank, Baldwin, N. Y. 2/1
Union Free School District No. 11, purchase of certificates
of indebtedness from Ocean Side National Bank
of Ocean Side, N. Y., by PRBank
1/7
Union Free School District No. 14, purchase of certificates
by FRBank of New York from Hewlett Woodmere
National Bank of Woodmere, N. Y., approved
1/18
Mamaroneck, N. Y., purchase by FRBank of New York from First
National BPrilc and Trust Co. of Mamaroneck
3/23
Purchase of additional notes approved
4/11
Manalapan, N. J., Township of, purchase by MBank of New York
from :First National Bank, Englishtown, N. J.
4/4
Middlesex County, purchase of Vocational School Note by 'MBank
of New York from Metuchen National Bank
3/15
Nutley, N. J., purchase by MBank of New York from Bank of
Nutley approved
3/1
Additional purchase approved
4/1
Additional purchase approved
6/3
Ocean City, N. J., City of, purchase by FRBank of Philadelphia
from First National Bank of Ocean City
3/4
Palisades Park, N. J., Borough of, purchase by FRBank of New
York from Palisades Park National Bank and
Trust Co.
5/26
Purchase by FRBanks without approval by FRBoard, reply to letter
from FRBank of Minneapolis
2/18
Repurchase agreements with member bank covering, letter from
FRBank of Philadelphia whether considered
indorsement by bank
4/25
Ridgewood, N. J., Town of, permission to FRBank of New York to
purchase from First National Bank and Trust Co.
of Ridgewood
1/18
Scotch Plains, N. J., purchase by FRBank of New York from
Westfield Trust Co., Westfield, N. J.
1/26
Seabright, Borough of, purchase by FRBank of New York from First
National Bank of Seabright, N. J.
2/5
Sea Girt, N. J., Borough of, purchase by FRBank of New York from
First National Bank, Spring Lake
3/21




16
70
428
536
252
362
368
177

75

28
229
296
269
200
151
252
441
173

429
121

343

27

64
85
219

109
Pages
Tax revenue notes: (Continued)
Secaucus, N. J., purchase by FRBank of New York from First
2/3
78
National Bank of Secaucus
Spring Lake, N. J., Borough of, purchase by FRBank of New York
2/15 108
from First National Bank of Spring Lake
2/25 128
Purchase of additional notes approved
West New York, Town of, purchase by FRBank of New York from
2/11
95
First National Bank, West New York, N. J.
West Paterson, Borough of, purchase by FRBank of New York from
2/11
95
West Side National Bank, West Paterson, N. J.
Telephone service, letter to American Telephone and Telegraph Co.
extending service on additional wire until
2/11 101
terminated by thirty days written notice
Rediscounts)
Textile business: (See
Time schedule, interdistrict:
4/4
269
Between Louisville and Birmingham Branches, change approved
5/6
369
approved
in
time
Helena,
changes
Minneapolis to New York and
Tracy-Locke-Dawson, Inc.: (See Tracy)
Tracy, Shelley E., letter with plan for series of advertisements by
6/9
483
FRBaaks in newspapers throughout United States
Transamerica Corporation, telegram to Chairman and Governor of FRBank
of San Francisco on intervention in contest for
1/8
11
control of
Telegram to Governor Calkins with plan to be submitted to
corporation and to Associated Transamerica
80
2/3
stockholders for selection of directors
Telegram from Governor Calkins quoting replies of Transamerica
Corporation and Associated Transamerica
stockholders and further exchange of telegrams
with Governor Calkins quoting telegrams to and
88-90
2/5
from Associated stockholders
Tulsa, Okla., possibility of applications of member banks for
3/15 201
advances under Sec. 10(b) of FRAct
Iry
Uniform Bank Collection Code, treatment of checks presented to
drawee bank and charged to account of drawer
but not paid because of failure of drawee
Union Storage Company of Erie, Pa., correspondence on notes
financing storage of cherries as agricultural
paper
Utah, acceptances drawn to finance the storage of sugar in,
eligibility for rediscount at FRBanks

3/21

222

4/16

320

2/25 142

"vu
Vacation periods of officers and employees of FRBank of Atlanta
approved
Vinson, Congressman Fred M., reply to letter on amount of bonds
purchased by FRBanks and dates of purchases
subsequent to passage of Glass-Steagall Bill




4/20 327

6/6

470

110

Pages

Violations of statutes:
Directors and employees of Wilmington Trust Co., Wilmington,
Del., loans guaranteed by President and VicePresident to enable them to purchase stock of
bank
6/3
Junction State Bank, Junction, Texas, overdrafts by officers not
to be reported to Attorney General
4/5
Virgin Islands, National Bank Examiner H. N. Strondk detailed to
Interior Department to examine banks in
3/4

448
275
172

flWfl

Waite, Rev. James, inquiry on collection of cashierls check of
closed nonmember bank marked payable through
FE3Fink of Richmond
Walsh, Senator David I., reply to letter that enactment of Senate
Bill 2675 providing for emergency circulation
would be inadvisable
Warehouse acceptance credit, offering mill receipt as basis for,
in financing cotton transaction
Warehouse receipts:
Cold storage warehouse companies, eligibility for rediscount of
notes covering commodities in storage secured
by
Lawrence Warehouse Co. as security for bankers acceptances,
letter from attorneys of company suggesting
general conference on
Sugar in Utah, eligibility of acceptances drawn to finance
storage of
Warrants of municipalities:
Purchase by FRBanks without approval of PRBoard under Regulation
E, reply to letter from FRBank of Minneapolis
Repurchase agreements with member banks covering, letter from
MBank of Philadelphia whether considered
indorsement by bank
(See also Tax notes)
Welfare and educational work, a7,ppropriation by FRBank of Atlanta and
branches approved
Williams, Guinn, request for list of employees of FRBanks receiving
salaries of $5,000 or more per annum and reply
approved
Withdrawals from FRSystem:
Adams State Bank, Chicago, Ill., six months notice waived and
immediate withdrawal approved
Bank of La Plata, Mo., six months notice waived and immediate
withdrawal approved
Citizens State Bank, Memphis, Texas, hearing on forfeiture of
membership because of deficient reserves
Dime Bank-Lincoln Trust Co., Scranton, Pa., liabilities assumed
by national bank, FRAgent to seek application
for immediate withdrawal
Immediate withdrawal approved
First State Bank of Bedias, Texas, immediate withdrawal approved
because of reduction in capital




6/13 491

2/11

103

6/3

456

2/13 121

2/25 138
2/25 142

2/18 121

4/25 343

6/3

438

1/22

53

2/11

102

2/15 111
6/9

480

2/11
3/23

99
231

6/3

450

111
Pages
Withdrawals from FRSystem: (Continued)
2irst State Bank of Roby, Texas, hearing on forfeiture of
membership set for May 16
Forney State Bank, FOrney, Texas, hearing on forfeiture of
membership set for March 29
Hearing before FRAgent, action deferred until recommendation
of directors of MBank after next meeting
Action deferred as recommended by directors of MBank
Pranklin-American Trust Co., St. Louis, Mo., six months notice
waived and immediate withdrawal approved
Junction State Bank, Junction, Texas, hearing on forfeiture of
membership to be held on May 17
Report of tAent on improvement in condition of bank,
final action deferred
Merchants and Miners State Bank, Luzern°, Pa., six months notice
waived and immediate withdrawal approved
Presque Isle County Savings Bank of Rogers City, Mich., six
months notice waived and immediate withdrawal
approved
Rockland County Trust Co., Nyack, N. Y., six months notice
waived and immediate withdrawal approved.
Security Bank of Chicago, Ill., six months notice waived and
immediate withdrawal approved
Union Savings Bank and Trust Co., Wilkes-Barre, Pa., absorbed by
national bank, FRAgent to take up filing of
notice on intention to withdraw




4/11

299

2/25 137
4/1
5/6
1/22

256
372
54

4/11 300
5/26

431

4/20 330

2/19 120
3/17 207
4/25 342

2/11 100