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41,
--o00o--
MINUTES
of the
FFADERAL
RESERVE
BOARD
19 16
Jul
1
to
December
31
Accept, power to:
Anglo-South American Bank, power of agency
of to accept for the bank
Statement of 2ounsel re, with letters
from Jay ref. to Warburg as special
'Committee
Opinion of Counsel re; Governor to suggest to Pierre Jay th:Lt powers be
made unequivocal
Accept up to 100'72, power to:
Amendment proposed re; vote of Board
Lmendment re, ,greement to phrasing of by Board
Banks granted power to
I'merican Exchange, Dallas, Texas
American N.B., 7ort Worth, Texas
Chase N.B., New York
Corn Exchange Bank, New York
N. 3. of Commerce Seattle
People's N.B., 'Charleston, S..e.
South Tex. Commercial N.B., Houston
'Webster & Atlas N.B., Boston
?.11. Agents, proposed letter to ru, directed
held for full meeting
Proposed letter to re
Gardin, John E., letter from re power of member
banks to continue to; reply to approved
Increase or decrease of capital or surplus,
attention of Board to be called to
1131
1131
1216
1247
1272
902
835
731
811
771
829
823
792
624
638
1126
815
7irst N.B. of Boston, letter from re referred
to Counsel, Board voting
749
N.Y. State laws re, advice of Counsel requested
815
aamsey, W. 2., letter from re referred to
Counsel
963
iicceptance credit to foreign borrowers: (See also 70reign Credits)
Circular sent out by N.Y. Trust Companies re,
filed with Board
I{N
41
1091
4
11
4:cceptance credit to foreign borrowers: (Con.)
Statements in above circular discussed with
representatives of the trust cos. 1093-96
Discussion of: Governor to explain policy
of Board re in speech before N.Y.
Chap.
Governor to send letter to 7.11..A.'s re views of Board
1099
Discussion of; question of press statement re1086-85
4ith representatives of Guar.
Tr. Co. and Bkrs Tr. Jo.present 1093-96
Jay, Pierre, letter from re
1083
Kent, vice-pres. Bankers Tr. Jo. letter from
Prospectus re
Telegram sent to F.A.4gents re, answering
assertions in circular sent out by
N.Y. Tr. Jos,
Treman, A.H. letter from re
Lbove letter discussed by Exec.Jom.
1083
1083
1091
1104
1109
Acceptance credits:
(See also acceptances, renewable)
.,dvisory Council's statement nproving Board's
1150
policy re
Problems re, reviewed by Gov. in address be1148
fore -dvisory 'Council
Ixceptances:
..ction of Board re, correspondence from 2.A.
Banks re discussed
advisory Council's statement re, in answer
to question of Board
Baltimore Tr. Co., letter from Ingle re
acceptances of
Banks' own, holding of, letter from Llamsey
in reply to Board's letter re
1082
1150
1189
1204
iii
4cceptances; (Con.)
Bulletin Comit empowered to refer in Nov. Bul.
to policy of Board re, with reference
to Governor's speech before N.Y.
Chap. A.I.B.
1097
Jollateraled by other acceptances growing out
of import and export transactions,
letter of J.F. Curtis re,
1224
Eligibility of, reply to above letter approved
1248
Cotton, status of acceptances- against, in St.
Louis, letter of Broderick re,
1212
Differential rate for, as between member and
non member banks
Conference of Governors, discussion of
before, by Mr. Uarburg
F.R.Bank of Atlanta, Gov. to advise
Gov's statement re, before meeting of
F.R. Agents
Report of Conf. of F.R.A.'s re
Use of suggested to Conference of Governors
by Mr. ;iarburg
F.R. Bank of Atlanta; cotton seed oil in transit, purchase of acceptances against
discussed
Letter to Gov. re rates at
1254
1203
1208
1229
1254
1110
1203
F.R.
Bank of Boston,
Cotton and yarn, acceptances against, report of Com. on Disc. & Inv.
F.R. Bank of New York,
Rates of, on advanced 22;7
F.R. Bank of Richmond,
Instructions from to member banks re; letter from Camp. re misleading
statements in ref to Gov. and
opinion of Counsel re,approved
1101
1140
1176
iv
Itcceptances: (Jon)
P.A. Bank of St. Louis,
Cotton, letter from re acceptances against
'1206
Gold, shipments of, letter of J.F. Curtis and
report of Investments Corn. re drawing of
against
1258
rew Orleans banks' and trust companies' acceptances, letter from M.B.Wellborn re
1210
Provisions re, letter from Gov. Seay re construction to be assigned to, referred to
Law Committee
Rates on, increase in suggested by Warburg
1130
1254
Renewable,
ilccumulation of in F.a. System,
Daily statement re
Goer to explain Board's position re
long term
1082
aaling on, request of National Bank of Jacksonville, Fla., for
1007
Seay, letter from re construction to be assigned
to provision re ref. to Law Committee
1130
Smith & Etheridge, report of Law Corn. re opinion
of counsel re
1214
Social Circle Cotton Mills, opinion of counsel
re certain acceptances of
1073
1254
1276
Bankers,
Committee on acceptances, report of
re submitted to D.J. Wills
1228
Conference of Governors, situation
re outlined to by Er.Wurburg
1254
'Acceptances: (Con)
Bankers,
F.R. Bank of Boston, rate for 90 day
730
Foreign banks, practice of re outlined by 17r. Kent of Bankers
Trust Co.
1094
Gold sent to Peru, letter from Sec.
Curtis re, and reply
1L04
Hallgrten n Jo's acceptances made
eligible for purchase by M.Y.B.
611
Seay, George, letter from re
1189
Conference of 9'.2.. agents, statements
of 3overnor before re
1208
Domestic,
2.a.
Bank of Boston, establishment
of rate for, approved
996
P.A. Bank of Cleveland, withdrawal of
proposed discount rate on, letter from D.C. Vdllis re,
1074
Member banks engaging in business of
1100
Member bank,
Opinion of Counsel re points raised
by member banks
1090
Opinion of counsel re referred to
Law Committee
Power of member bunks to m-ke, opinion of Counsel re referred to
Law Jom. and ordered circulated
Trade,
Aavertisiag 3.0e-.0qcs, question
referred to 0ounsel
1143
vi
Acceptances: ;Jon)
Letter from D.j.Wills re as baois of
,Ibove letcr 1..11.1 on the tLblc
22(T%cd reply to imiuiry of D.C.ilis
presatd bqt aot
1002
1009
Committee on Accertances, report of
1228
P.R. Bank of Chicago,
Rate of aL;; for .pproved
1188
970
?..a. Bank of .Cleveland,
Rate increases on re4uested by
795
F..a. Bank of Kansas City,
aates, changes in, sec. directed
to wire retiaest for recommendation M. of Dir. re
730
.Rate increased from 3L to 4
764
F.A. Bank of Philadelphia
Rate increase for approved
730
rat'l Ass'n of Credit Len, correspondence vdth re ordered filed
810
reuest of for furNat'l silk
ther information re,
1196
Opinion of Counsel re ref. to Law Com.
L.r. Hamlin to act as sub-com't
1197
Rich, letter of re extension of use
of referred to Counsel
782
Addresses:
American Accountants 2.ociety of N.Y., invitation of to deliver address, accepted
927
vii
Addresses: (Con.)
Mr. Harding at Boston Dec. 14, motion re expenses of trip
1259
Lass. State Board of trade to be addressed by
Yr. Hamlin
1035
Mr. Miller to be absent Oct. 23 to 25 to deliver address
1077
N.Y. Chapter, A.I.B., acceptance of invitation
for Governor Harding to address
Acceptances renewable discussed
Acceptance credit to France explained
Bul. Com, empowered to refer to
in Nov. issue
Paterson, N.J., address to be delivered by H.
P. dillis
Silk Ass'n of the 7.3., request from for a
speaker
990
1099
1097
1167
1073
Advertising:
Step in production and distribution, correspondence re with F.A. Bk of Cleveland
Letter from D.C. Wills re tabled
1007
1009
Advertising Paper:
See under "Acceptances," Trade.
Advisory Council.
Acceptance credits,
approval of Board's policy
re, stated by
1150
viii
Advisory Council: (Con.)
Bills of Exchange, liabilities as an endorser on 1152
1151
Branch banks of national banks
1158-62
Business conditions reported on
Clearing and collection of checks, discus984
sion of by Gov. Harding
1152
Clearing and collection of Checks
1104
Date for meeting, letter from Mr. ?organ
Resignation of L.A.Wilson, F.R.B. of Kansas City 975
Directors, resignation should follow removal
985
from district, opinion re
981-3
Discount rates discussed
Discussion of position of Board re topics for
984
consideration by Council
1209
Election of new members of,
Expenses of members for trips on official busi1163
ness
F.R. Bank of Cleveland, letter from re its mem1281
ber
1274
Selection of member at
1150-4-6
F.R. notes as legal reserve
Foreign loans, amount of held in various
1158-62
districts
984
Uold accumulation,
984
Aid to be given banks re
Issue of certificates of deposit
984
suggested
1133
Gold importations,statement re to be prepared
1147
Invitation from El*. ilarburg to dinner
985
Kern amendment,
981
Meeting in Sept. with Board
1147-49
Meeting in Nov. with Board
1153
Open llarket operations
1162
Relations of, with P.R. Banks
suggested as topic for conference
1209
of F.R. Agents
901-3
Reserve conditions
Reserves, excess as vault money with F.R.Banks,
984
suggestion by Mr. Warburg
1149
reply of Council
1152
Transfer of prior to Nov.16, 1917.
1154-8
Transfers, requirements, etc.,
1184
Result of deliberations, letter to agents re
ix
Advisory Council:
(Jon)
Above letter authorized for
1185
transmission
Above letter reread and amend1167
ments agreed to
901
State banks, entrance of
984
Stock ownership in foreign corporations
864-87-895
Topics for September meeting
1133-34-45
Topics for November meeting
1153
U.S. Bonds, conversion of
Advisory Council, Membership in:
1172
Directors of P.A. Banks as Members
1282
re
committee
special
of
Report
Agencies:
See also Clearing & Collection of Checks.
Anglo-South American Bank, power of
agency of to accept for bank
P.R. Bank of Sun Francisco
1131
1117
4aaTicu1tural paper:
806
Limit of rediscount of
964
Limit of which may be taken by F.R.Banks
Merchants' paper for purchase of millet seed 963
Aiken, Alfred L.:
Acceptances (bankers') and unindorsed bills of
like character, letter stating F.A.B.
of Boston made rate for
Clayton Act, New England cases under, letter
from urging prompt action re,
Collection of checks, Agency at Burlington,Vt.,
Endorsement of paper by member banks
First N.B.of N.B., letter re report of
Increase of salary of approved
730
1053
760
1205
794
1118
Alabama:
Warrants of, question re legal status of
1135
mendments:
6ee a1o, -
Clayton ,tet, amendments
Kern umendment
Branch banks
etc. etc.
Bulletin, draft of Board's proposed 'anendments
not to be printed in
Circular re, of Comptroller, question of transmitting to 2ed. des. Lgents
Lem°. of Counsel re
Ref. to. Ex. Corn. and Counsel
Referred to Law Committee
Report of Exec. Corn. re, presented
and. ref. back to Ex. Corn.
Conference of Governors,
Consideration of proposed amendments by
Reports re, as tent-tively pat foraard
by Board
Conversation with See. Mc,doo re, reported by Governor
Counsel re,iaested to make examination of
Counsel's statement re prepared for Sept. Bul.
. 1295
1004
1009
1019
1091
1268
1268
1260
906
908
839-1245-48-70-73-1291
Discussion of
1287
with statement of Secretary :Zolidoo
1288
language of, modifications agreed on
Draft of,
General form of agreed on; conference
re with Sec. Mcidoo to be arranged 11
Transmitted to Congressional committees
and ready for distribution to
1295
Board members
Federal Res. Jkcents,
741
redraft of letter to, re
1226
with
them
discuss
request that Board
1231-33
reply of Board to above
?Iles of Ex. Corn. and Law Corn. re ordered filed
744
xi
Amendments: (Con)
817
*arburg's report of conference with, re
reserves
in
country
banks,
Pomerene bill re
763
incorporated in by Senate
697'
to
delay
signing
requested
President
905
to
sign
'requested
President
Program re, explained by Li.. Harding to 'Conf.
1252
of Governors
1245-6
Vote re
'us. Bunkers Ass'n, disapproval by Treas. Dep.
793
of amendments to U.S.Statates
-
American Accountants Society of Yew York:
I.:ember of Beard authorized to accept invitation to address
"Collectible at par through F.A. Banks,"
attitude of toward
Corn. on bank credit numbers, report of Conf.
of governors re
Com, on check collections, policy of Board re,
inquiry of J.3. Curtis and reply
Position of Board re aims of, requested by
Federal eserve :gents
deply of Beard to above request
State bank le:j.slation section, letters from
J.H:
. Puncher and E.D.TTulbert
Ilmerican Bankers Issociation:
Convention at Kansas City, Sept. 1916, Coy.
and Vice Coy. invitei to attend
Country Bankers' Conference during convention
of, at Kansas City
Exec. Council's meeting ,t Brio.r Cliff LIanor
Llay 5, 1917, invitation te,presented
.American Exchange 1:ational Bank, Dallas, Tex.,
granted right to accept up to 100
American rlangarian Bank, letter from Dep. Coy. Treman
re certain transactions of
927
1264
1263
1255
1226
1230
1085
835
910
1223
902
1296
xli
American Inst. of Banking, M.Y. Chapter,
Meeting on Nov. 1., Gov. Harding authorized
to deliver address before
Governor's address before on Nov., Bul. Jom.
empowered to refer to in No.v.Bal.
1097
American National Bank, Austin, Tex.,
Fiduciary powers, application for granted
1259
990
ALmerican National Bank, Ft. ,iorth, Tex.,
given right to accept up to 100,;
835
Leric..an Southern N.B., Louisville,
Election of Class 1, and B Directors
1179
American Trade _ss'n, re4aest to use name of Governor
as director of
666
American Trust & Savings Bank, Birmingham, Ala.,
Entrance into Federal Reserve System
Report of Exam. of
741
747
-Ilderson, -. W., Cashier F.A.B. Kansas City,
Oalary of 4000 recommended for balance 1916
738
nderson, J.I.:., Pres. of Equity C-Operative Lxchange,
St. Paul, ;jinn., notes of farmers' grain
elevator companies
911
-nglo-South American Bank
_Power of agency of to accept for
1131,-1216
;Annual .eport,
Consideration of, to be began Nov. 15.
1089
armour, J. Ogden,
Clayton Akct, application under.approved
Tentatively
Considered as one of group of 5
Laid on the table
1069
1238
1062
Arnoldi, Gibson & Co,
Letter re a public depository as a national institution ref. to Harding
763
Assessments,
Expenses of Board for 6 months beginning Jan.1,
1213
1917, resolution for assessment for
Stockholders' power to levy, question of releLsing o2inion of Counsel re
789
Assets,
Definition of under Section 13,
Gold and lawful money deposited with 2.A.L.
to reduce liability on F.A. notes to be
counted as
Asst. Att. Gen'l. (Todd)
Kansas City Clearing House Assn., letter re
interest paid by
1086
1266
729
41s8istants,
(See Federal Aeserve 'gents)
Associate membership,
(See Clearing and Col.,Clearing L:embership)
Atlanta Trust Company,
Open market operations, request of for
914
Atlantic City,
See 'arrants, municipal,
Federal Res. Bank of Philadelphia
Attorneys,
Names and salaries of, employed by Board,
reply to inquiry of Rep. Flynn re
Auchincloss, Gordon,
Clayton Act, letter re application of Samuel
Sloan under
971
904
. Auditors and transit men of F.R.Banks, meeting of,
1163-1204-63-65'
on Dec. 5, in Chicago
xiv
Austin, R. L., (F.R.A.):
Clayton Act,
Permission for Joseph Moore, Yr., to
serve on certain directorates, letter
1050
from re,
to
by;
letter
prepared
of,
Synopsis
1074
from jaansel re
1020
re
from
of,
letter
election
Directors,
1056
Letter frOmire conduct of
Election of at
F.R.B. of Philu 1269
of,
inquiry from •
release
Notes,
F.A.
.1127
of
method
present
re
880-2
with
Board
conference
amendment,
Kern
Australia,
Bills on, application of 1:ational Bank of the
Republic, Chicago, to accept, to create
dollar exchange
tro-merican credit,
Letter from ';_:onsal at Vienna re, and reply of
Board
i,etter to Sec. of State re letter from A)nsLil
Haso Breitner re, approved and ordered sent
Babson, R.:
Suggestions re Federal Reserve System, letter
from, to Secy. of the Treas., noted
1258
1073
1001
1166
Back Bz.J.y ::ational Bank:
.,,pplioation of, for charter, letter re
Badger State Bank, Milwaukee, Wis.:
Complaint of as to advertising as member of
F.R. System
773
6E3c'
XV
Balances: (See also under Reserves)
Uncollected, with 'F.A. Banks, question re,
raised by r.y. bank, presented by Governor
to jonf. of Govs.
1255
Balthis, Herbert:
Employed to send out pr lists
633
Baltimore Clearing House
Exchange charges of
665
Baltimore 7rust Jo.,
,wceptances of, letter from
m. Ingle re
1169
Bank of England: (See under Foreign ,ccounts, correspondents and agencies)
Bank of Iota,
Lpplication of to enter 7.2. System
Exam. of by State Banking Dept. to be accepted
.1090
1
. 211
Bank of :.„:ontclair,
Entrance of into F.Lt. System,
Letter of Jay re and telegram of Mr.
darbarg that report of Banking Jo=
of N.J. be accepted
pplication of
.Application approved
1281
1269
1311
Bank of Switzerland:
Gold of, 17.R. Bank of Boston asks permission to
accept; req.uest granted under certain conditions
769
Bank of the Netherlands:
Gold of, accepted by 2.2. Bank of N.Y.; file
of correspondence between Board and F.A.
Bank of N.Y. re to be furnished F.A.Bank
of Boston
769
Bankers' stIssociations:
Legislative work proposed on behalf of
1109
xvi
. Bankers' Directory Wand ::Cally's)
Authorized for Committee on Jlea ings
813
B.nkers Trust co., N.Y.:
Acceptance credit to foreign borrowers, part o
10 3 6
in, discussed at meeting of Board
Clayton Act applications, delay in ruling of
Board re, requested by
971
Banking & Currency Jom't, House:
Amendments, draft of transmitted to
Clearing situation, notice of letters received
re, to be sent to
Banking & Currency Com't, Senate:
Amendments, drafts of, transmitted to
Redistricting, report requested by
1295
792
Banking competition:
Character of
ithey re
1001
Dorothy:
Liesignation accepted, Div. of Issue
Successor to be certified to Comptroller
731
897
Barnes, G. larry:
Clayton ct testirony of, on -half of directors in common of 3 Baltimore bank-
1039
Barnett, N.B.:
Loans on real estate, 1ttcr from re
1054
Bartlett, A.Q.:
Clayton -ct application of, decision re
reaffirmed
1078
Barnard
letter from L.
Batavian National Bank,
LaCrosse, ;as., tclegram from re desire of
Wis. banks for transfer to Dist. No.7
Bay City, Lich.:
e Yiduciary Powers, :rich.)
xvii
'Berg, P.c;.:
Examiner, recommended for approval as
report of Corn't on 41udit a L);;....m. approving appointment and salary as
912
919
Bernard, Scholle & Co., New York:
Member bank endorsements, letter re limitation
of, referred to Counsel
758
Biddle, Henry W.:
4p1ication of under Clayton J',.ct,
ref. to Com't on Clayton ',ct
947
947
Billings, Frank, of Cleveland, 0.
Clayton Itct, application denied
Bills:
(See also .acceptances, Dollar Exchange)
P.A. Bank of Boston, rate for bankers acceptances, etc.,
F.A. Bank of Chicago, schedule of bills discounted by, memo re
Bills of Exchange:
-.advisory Council's recommendation re liabilities as an endorser on,
1026
730
615
1152
Curtis, J.2., letter from re, drawn in 'good
faith, ref. to Law Cipm't
1049
Drawn in good faith against existing values,
sttement of Counsel re,
1207
Rediscount of, when exempting drawer from
liability
837
Birmingham, A.a.: (See .m. Tr. S: Say. Bank).
" First National Bank
Black, John 4., of Houghton, Mich.,
Director, Class C, in ?..A. Bank of Minn.,
reappointment urged in letter from Wold
election of, as
1173
1286
Black, Louis:
Clayton Act, application of, ander
application granted
1021
1025
Board Aoom:
Table for, matter ref. Com. on Expenditures
1012
Bonds:
P.A. Bank of Cleveland, authorized to purchase
bonds of villasp of Oberlin
775
F.R. Bank of inn., City of :,:inneapolis, letter
to ;Joh' approving purchase of bonds.of
963
F.:A. Bank of =Tin., long time bonds, letter from
,iold re purchase of
913
aank of San Francisco, Jordan School Dist.
Salt Lake County, Utah, bonds of,
835
Boston,
Lee First National Bank
-tlas N.B.
Webster
Bosworth, F.A. A. at ,JilieaL;o:
Clayton Act, copies of correspondence re request
of Geo. E. Aeynolds for hearing for A.',i.Har1061
ris under
LAO
Clayton -ct applications, inquiry re action on
statement re eases of
Lessrs.Oliver,Spoor,
.1.mour1238
Shedd,.7dtchell
Clayton
ct hearings, letter .from re,
Examination of accounts sabmitted
Exam. of Peoples Tr. & Say. Bank.,letter re
IZellen N.B. of Pittsburgh, complaint of re exchange charges of Chicago F.A.Bank
1118
901
1175
904
xix
'Bosworth, ?... at Chicago: (Jon).
2rivate bankers, directors of member banks in
business as, letter from, re
Publicity matters to be undertaken by
Report of basiness conditions, letter re publishing as pamphlet for circulation
7.S. Bonds,purchase of 2, at Chicago
1018
813
887
1204
Bradley, E.O.:
Director ?.A.Bank of Can Francisco, report of
Com't nominating, :Is
1259
Branch Banks:
4igencies versus branches, report of Jonference
of governors re
,mendment re, modification of suggested
Foreign branch of F.J. Bank of N.Y., report re
of Ea.ec. Colmittee tabled
Louisville, Ky., argument and brief,
estnblishment urged
conference re application of
conference of Louisville bankers re, in office of Board
hearing re
Lartin re
letter from
letter from Swager Sherley re
telegram "
Policies ro, discussed by Board
San 2mncisco District, letter from
Perrin re branches in
1175
1003
728
1275
1288
1293
1050
1068
1083
1233-4
Branch banks, foreign:
Comptroller retiuests copies of orders re
Comptroller suggests further information re
management be called for before further
branches are authorized
Fed. Res. Bank of rew York, foreign branch of,
report of Executive Committee re
National City Bank, N.Y., application of, to
esttblish branch at Petrograd with 10 subbranches, approved
1267
1283
1302
658
732
1175
732
Branch Banks, foreign:
Lational City Bank, 1%Y., req,aested to furnish
copies financial statements of branches
above statements referred to Com't
on icadit & LX4M.
Branch Banks (national banks):
(Ivisory Council's sUtement re
4:mendment to permit, statement by Board
imendment re considered by Board
Vote of Board re proposed amendment
773
822
1151
1232
1271
1245-6
Brock, 7.J.:
Combination of safe, DeLa:ater to tarn over to
Voted additional compensation for work in Gov's
office and on G.S. Fund
Breitner, Hugo, Consul at Vienna:
Aiustro-American credit, letter from re
Letter to Sec. State re approved
Brennan,James D., Chief rat'1 Bank Faaminer:
1,etter re duplicates of reports
Broad Street 1%3., Trenton, N.J.,
Fiduciary powers, application for,approved
Broderick,
41ssets, definition of under Sec. 13,
,uditors Conference at Chicago,
invitation to attend
telegram from re attendance of himself and L:r. Jacobson
Clayton A4ct applications, to assist Com't
Clayton 4.ct applications from Baltimore
Cleveland, ref. to, with Dalany,for report
reported on by, with Dulany
Clayton ,-ct, competitive status of banks
Corn xchange Bank of N.Y.,to be examined by
Cramer, 2.B., iiss't Cashier at Chicago, promotion of, recommended by
Dividend payment by F.. Bank of an Francisco
recommendation that bunk file
statement in advance of,
797
871
1073
1081
748
1259
1086
1183
1204
797
929
955
961
741
906
917
954
'
xxi
, Broderick: (con)
E.->Lamin-tion
Bank of tianta,criticisms in
report by
report of
t. Bank of St. .,041S,
1.7.emo re, of member and state banks
:Program prepared by, approved
Bani. of
lanta, report re condition
1056
1274
1319
1050
1354
'„Iold Settlement Fund, safe contents, to audit
900
Jleserves, deficient, inviry re penalty rate
report of, re member banks
memo by, re, read: ordered sent to
ov.2:,cDoaa1
7.5. Bonds, method of 4ccounting for profit on
arrants, :ass. municipal, memo. re
report of :r. arburg re
1127
7.14
-:rodhead, J. Davis:
Llected Aass J Director ut Philadelphia
Brown,
rzument by, for B.4..Zekh.rt re ..layton ct
application
Brown, lexander ^ Sons, of 3-1timore.
2rivate bankers, status of,
board lield to former conclusions re status of
Brown, Edward 7., Deputy at 4.tlanta:
J,gents office
In charge of
Brown, Paul:
Laayton _ct, decision of Board re case of,
Bulletin:
See also ;ommittee, 3alletin.
ixend:aents, draft of not to be printed in
January issue
Jlearing plan, letter of St. .woais jonf. of
bankers re suit by, released for
omptrolleres statement re interest rates of
11,tion,-1 banks, discussion re publication
2onference of F.A.gents, action re printing
committee reports of
1200
1000
1007
1091
691
1073
1060
1060
610
1054
1295
605
670
1250
xiI
Cotton, minimum loan price on, reply of Gov.
989
Harding to Senator Sheppard re,released
Directors, classification of member banks
1179
for election of, ordered printed
"Improved ?dm Lands," opinion of counsel
998
re, question re its publication
Oil paper as collateral for loans, Board not
970
to publish information re
Opinions of Jounsel, authorized for pablication1186
Ganandbigu,k N..3.,released 1186
795
re acceptances, released
re director in F.R.B. of
1064
Boston,
re stockholders' power to
levy assessmcnts and to
769
vote liquidation r.B.
773
in
suggested for use
of
Reports on business conditions, report
921
Jom. on Bul. re date for release of
Bureau of Efficiency, U.S.,
Letter asking information as to Boards
866
employees
Bureau of Engraving and Printing:
F..A.Bank of Dallas, delivery of ?.A. notes for 907
995
printing of notes for
to
from
for
power
print
F.R.Notes, request
1160
and keep on hand minimum supply of
Burke, John:
See Treasurer U.S.
Burlington, Vt.:
760
Letter Aiken re establishment of branch at
Business conditions: (see 1eports, Business .;onds)
By-Laws:
National Jity Bank of 11.Y.,covering foreign
732
branches
773
by laws Natl J.B.presented
Byers, R.
Examiner, appointment of, as, recommended
by Jomptroller
1
i
)
4
tJLt
3' 3
iGn of
to
of,
tO
'
.L..,:fease of z,
ft;
le.t,ter
ulAni074.
of .
c;o,Inucl. re autilorld 20r
LaLLr.
,dec
in 7.A. ., lett,Lf 2rom
1117
of, _.1.4.:,.tcd
1035
7:-tiona1 Lank
—lberL, of
car2,
1,dreJtorlii,
of, irlq4i,1.V fro
re rctetion of
.Jrtcr,
L.
,..,0tter from,
..;,attleet .,...:12:„:„
--.2Jarrentir of
of
01' for, ar,..provud
1,)11
-tor,
t, te;.LtiL
17toi.
of iltil-Aorc
- of on b.1f of dirco.tort3
JL.ttle
(:).1 .
01,11.
oa
fror
1L„.1
xxiv
'.;:;,.ttle paper;
Liorsan, Truett & co., letter to in reply
letter fro:a to publish as
ad. letter of Board
;entlreser7e
.
1;ee ":.i.ieserve and Oentrl aeser7e
-crt ficates of deposit of
Issue of, suzested by J. x.
J64
J. j., of Baltimore:
t application hearins
Jlayton
granted
1.3
7einrioh:
.cank of England as forei:Jn aeut, letter from re
1...;,k
j114-21eston,
eo Peoples
c;harters:
Uurtias, letter re Bach Bay 7„:.B. ....nd :;oc\-Lary -,..J'
letter re new banks in 2-oston
letter re :ow L.L. lu ,;.. .imbrid,,;e
rational ban-, aprlications for, report of
Alch r, t conference of ?..ents
letter D. j. .ills re
jhase, Jharles E., Hartford, :;Onn.:
Jlayton 4',ct application heari/vs
denied
,aabo 7.:-ational Bank, 7.7.',1:.Jitj:
6
. .plication to, approved
.,ccept ap to 1J3
2heniz 11.tiori-1 Tank, rew York
jhatnam
Letter of director 7otchhiss re jlayton et
Onattanooa, Tenn.:
'Joe 17Mantain
ityLill
Tro'
T,L;
00:J
117
766
1.(Wc:C.
7C1
xxv
haqtalLiaa Institute:
Upinion of ..,;eunsel re not.0 of,
.„,ceeptance by
nk
Cashing of chec17,s
-,1-110aZO
Herald:
Letter from askirdemrmetizati':n
Joy. of checks dn'Awn by a
for :76ol1d ballion
teent re ITospects of
:old
ilcis,rs: Co., inico:
7..
bonde ana notes, Board de.J1ined to
uks
ivea:lounts of, hold by
bonases:
:,prlications
nic of
Sank of
7.j. -3ank of
re, at several Y.IZ. 72aIlks
Boston, approval of payment of
.
, ;hicao, approval of r.Lymen of
17:-,,nsas Dity,letter from ov.1:111cr
letter Y.
5ajer
%ppliction of
?.H. Ban,l.: of
2.a. Bank of San 7ra!'isToo, report re
approved
'fllircal:,,.rs, real:.tions, etc.:
proved bycciat'ive ',tmmittee
-,:ric..altarl raner
Proof of, for 1916, referred to ,T- lec. Jom.
':_',tate bank eirealr. revision to be considered
,
discassed
State banks, admission of.
Jitizens Bank .... Tr. Co., Yew Orleans:
Desire of P.O. 3r:mch to accept parer of
City Stional Bunk, Shreveport,
for stocic approved
-rplication
Civil 5ervIce:
Civil Service retireent
903
750
10,c,;'5
91 3
15E5
1505
2.96
1195
1216
1:196
1569
964
c(fiCE,11
790
791
796
1180
776
-xxvi
rvice: (Con.)
.„Ulcs to be extended to cover staff of BO.rd
Clay, R. G., of Georgia:
Examiner appointed as,declined by
Clayton
1072
1130
Act:
See also Kern ,..:,mendment; Private Bankers; Substantial Competition.
756
Lmendments, press statement re
.Applications - See under Press statements.
1033
Albany, r.Y. applications denied
10 9 1230
,_rmoar J. Ogden
Baltimore, applications from,
929-955-957-1022- 1025-1036
Baltimore, directors in common of
1040
three banks.
1076
decision re.
Bartlett,
1310
Bosworth,
-gent, inquiry from
Los Angeles, Burbank and Pasadena
1033
applications granted
1129
Carse, H.a., inviry from re
930-955
Cleveland, applications from
909
Consideration of to be deferred
909
Consideration of, v.ithout action
::essrs. Oliver,
Spoor,
Shedd,
12374
Armour
Discussion of above
Delay in ruling of Board, re until
hearing could be given
l...
E kart, B.., of ailic;.,zo,
granted
10E0
Faironild, J.D.,
996-1007
?ield, ;.:tanley
1022
Gatley, H.
1061
Harris,
1040
Holden, gale
1065
Iselin, Arthlr,
965
Jay, Pierre, data presented by
,jlayton -ct: (Jon.)
14)plications
Jay, 2ierre, 1(tttr frwl re trip
910
to ,,ashinton
1173
Johnson,
1070-1236
;:itcaell, J. O.,
1050
:"oore, JOStf1?..1, Jr.,
1053
7ew .;_en_jand cases under
1057-932-943- 959 ve
l'e;; York rAstrict
907
royes, ?rank B.
1069-1151 -1236
Oliver, O. D.
930-56
FailadelfIlia District
1057
:ieport of Clayton at Arl.,1doteti
955
- eport of Jom. on,fro,1 Balto'Cleve
:ez..alt of action and notification
10L7
of alplicants
$t. Louis, :'essrs. Paul Drov,n and
1054
3.1. 3treet, decision reaffirmed
9'30-46-57
Can .1..ncisco,
996-1007
Sanford, Charles G.
1070-1230
Shedd, John C.
904
Sloan, '-amuel
1070-1151-1236
Spoor, John -.
1172-97
Straus, Percy
1070
Luspended cases to be considered
Vote of Board for tent.,tive approv1069-70
al of
927-49-50-961
Vote of Board on
1024-27-40-42-52-54-57-65-G6-69- 70
Vote of Board on, as reported by Cos.1033-34
on enforcement of Clayton _ct
931-1034-35
D.J.
ashin,3ton,
.
1019
illard,
967
41e;,ander
964
re
.,arbur:
memo
4,ork of Board re,
.q)pointrftent of certain directors under, made
special order for meetin of Jan. 2
Conference of Board with ?.A. Lents re
Decisions reached re enforcement of
District of Columbia, application of, in,
Dulaney, menomntlza of re
1301
606
1031
954
665
Clayton .ict; (Jon)
2.A. Bank of Richmond, letter of Dulany re
616
Class .Lt director under
666
Form of consent under
Forms for use re, discussed and. rdered.
726
circulated,
1021-24
Ilearillzs re
1036
illexander, J.s.
Baltimore, nessrs. Geo. aator, 'daldo
1039
Newcomer, Barnes and Cockran
1116
Bosworth, letter from
1059
Chicago, Harry A. 'heeler
1065
Cooper, '.;ade H.,oiarden,J.0.,of
1076
Eckhart, B.41.
1169
?organ, David R.,
1052
Forman, H.4.1., of Buffalo,
1077
Garrett, _Robert, of Baltimore
1061
Hamilton, R.41..,
1170
Johnson, 0.:r..,
1052,
McKee, T. 41.,
1038
New York, J.S. illexander,
Procedure to be followed in, discussed; 1014
1075
Set for October 20,
1008
stenographic report of,
1168
Straus, Percy S., arguments of and for
1031
Ward, S. H.
1016
Wa.shington, D. J. banks, arguments
1074
of Baltimore
Alcox,
967
Alf, .:11exander, to be granted hearing
Index Digest, two additional copies of sent to
7.A. Bank of ?hiladflrhia
Jay, Pierre, letter to authorized sent to other
agents '
req.uested to supply Board with copies of
.memo. re
letter from, re his coming to "ashington
in connection with application under
Publication of decisions reached re enforcement of,
766
616
663
905
1031
Clayton Act: (Con.)
Report of Com't on, of Sept. 13, 1916,
Southgate, T. S.,letter from re, ref to Com't
"Standard Collateral", definition of, discussed
Status under;
Directors Nat'l. dhawmut Bank and Old
Colony Trust Co. Letter H.J.Howe re
Hill, Valker, of St. Louis, letter from
re status of his bank.
Merchants Loan & Trust Co., Chicago,
Status of considered,
Rippel,J.U., Newark,N.J., telg.from,re.
Willard,E.S., Letter from asking delay
prior to changein his status,
Synopsis of, prepared by F.R.A. Austin,
Wills, Board approved letter of stating
not necessary circularize member banks re.
956
1002
966
1.002
1085
1053
1052
1002
1074
772
Clearing and Collection of Checks:
see also Exchange Charyps.
Advisory Council, discussion of, before, by
Gov. Harding,
984
Advisory Council's statement advising no change
at present,
1152
Agencies for, in 12th Dist, discussion of
establishment of,
1177
Agency for collection of checks at Burlington,
Vt. letter Aiken re establishing
760
Amendments:
To give Board additional power in,
suggested to be considered by
Secretary McAdoo,
804
To give clearing membership to state
banks, statement re, to F.R.Agents1232
A. B. A.'s com't. on:
Position of Board re aims of, requested by F.R.Itgents
1226
Reply of Board to above request
1230
Policy of Board re, inquiry of J.F.
Curtis re, and reply,
1255
Baltimore, clearing situation:
Letter from twa. Ingle re
113Q
Letters re
1067
XXX
Clearing and Collection of Checks: (Con.)
Bank credit numbers, report of Conf. of
Goys. re use of,
1263
Clearing membership of State banks,
Amendment proposed re,
Statement of Board re,
1232
124E-1247
Vote of Board re
Above amendment tabled and substitute approved,
1271
Conf. of Govs. attitude re,
1268
Clearing situation, letter from J.F.Curtis re,
referred to Clearing Committee,
1244
"Collections at Par through F.R.Banks",rept
of Conf. of Govs. re use of words
1264
Compensation to member banks for items collected on non-members, rapt. Conf. of Govs. 1264
Conf. of F. R. Agents, statement of Gov.
Harding before, re,
1208
Cost of handling collection items, report
from Ramsey re read and discussed,
1105
Country bankers' conference re, attention
Board called to announcement of,
910
Dallas, letters re system at,
1067
Express Companies; collections through,
in 12th Dist., map re, and discussion,
1176
F. R. Agents' reports re,
Substance of, reported by Delano,
781
F.R.Agents' reports re:
Contained in reports of business conditions, at joint session of Agents with
Board.
1'418-1222
F. R. Bank of Atlanta:
Refusal of checks of member banks failing to remit promptly, letter of
McCord re.
1100
F. R. Bank of Chicago,
Report of Deputy F. R. Agent of, re
complaint of Mellen N.B. of Pittsburgh re discrimination by, against
Cleveland cks; Gov, to ask further
information re and inform F.R.Bank
of Cleveland of changes made.
963
Clearing & Collection of Checks: (Con.)
F.R.Bank of Chicago,
Withdrawal of small banks from collection system, Harding to write re,
F. R. Bank of Cleveland,
Pittsburgh checks, changes by F.R.Bank
of Chicago re; report of F.R.A. at
Chicago re complaint of Mellen N.B.
re discrimination against,
F. R. Bank of Kansas City.
Deductions in remitting proceeds of
check collections made by 2 banks.
F.R.Bank of Philadelphia,
Clearing situation at, discussed.
First National Bank, Hattiesburg, Miss.,
Letter from re, of state banks.
Ref. to Clearing Committee for discussion at Boston Conf. of Govs.
Immediate payment:
Boston Conf. of Goys., subject to be
discussed at.
Discussion by Gov. Harding, at meeting
with Advisory Council, of.
F.R.Banks to make arrangements for,
where desired by member banks,
F.R.Bank of Richmond, letter from re.
Seay, Gov. F.R.Bank of Richmond, letter re
Items cleared at
Dallas. Letter from Ramsey re number of
Jacksonville, letters re system at,
Hitchin bill, letter from
Merchant & Evans Co.,of Phila. re, ref.
to Clearing Committee.
Legal position of clearing plan, Counsel
requested to prepare opinion re.
Minnesota clearing situation. Letter from
Comptroller re noted.
New Orleans, clearing situation at, letter
from Wholesale Grocers Assin., re
Olean National Bank, opinion from re
Par checks, failure of 17 banks in Vt. to
agree to.
Par collection, letter Temple State Bank,
Temple, Texas, re
962
963
1177
1030
824
836
836
984
824
903
903
1004
1067
127
.3
902
1167
1054
760
766
901.
(Con.)
Clearing and Collection of Checks:
"Payable in N.Y. exchange at current
rates", use checks so marked by Nat.
banks in 6th Dist
825
Postmasters:
Bonding of.
895
Bonds for, character of, matter ref to Brd.
1004
Above question laid on table
1009
Conf. of Govs. report of re,
1263
Kains, letter of re collection throu64
759
Postmaster requested to suspend order re
collection through
803
Postponement of collections through,
Sen. Simmons & Rep. Kitchin advised of
804
Press statement re above ref to Com't
on Clearing
804.
Rept. of Conf. of F.R.A's. re collec. thro.
1229
Resolution re collection through
779
Press statement re, prppared by Delano
781
Redistricting. Wisconsin banks' transfer to
Chicago dist, letter of Wad re details,
ref. to Clearing Committee.
1100
Report of Com't. re arrangements re abcve
1131
Refusal of checks of member banks failing to
remit promptly, letter of McCord re, ref
to Clearing Comnittee.
1100
Rogers, C. W„ letter of
902
St. Louis Bankers Conf. statement re suit to
be brought by to test clearing plan.
805
State Banks, letter of First N. B. of Hattiesburg, Miss., re clearing checks of,
824
State Banks,
see
Clearing& Col. Clearing Merbership.
Texas Bankers Com't. letter Counsel Huff
& Vice Gov. Hoopes of F.R.Bank, Dallas, re
739
Time Items, collection of, report of Conf. of Govs.1265
Uncollected items in F.R.Banks, letter from
Park Bank of N.Y. re counting of as reserves; practice re not uniform; ref to
Counsel.
1089
Withdrawals of small banks from Collection
system, Harding to write F.R.Bk. of
Chicago re.
962
.Clinton, Iowa.
See Peoples Trust & Savings Co.
Coakran, G. W.
Clayton Act.
Testimony of, on behalf of directors
in common of 3 Baltimore banks.
Collateral:
Oil paper as, Board not to publish in
Bulletin information re.
1039
970
Columbus, Ohio.
Loans to by F.R.Bank, Cleveland, request
D. C. Wills re approved.
1003
Colwell, J. E., Pres., Fourth & First N.B., Nashville,
Building for F. R. Bank of Atlanta, letter
from re,
1166
Combination of safe. G. S. Fund.
Custody of, to be discussed by Conf. Goys.
Dulany to turn over to Gidney.
Gidney to turn over to 111r. Allan.
Rept. Committe, re method of control forResolved to turn over to Dulany & Bredk,
on motion of ihilany.
Transferring of, question re, to Com't on
Gold Settlement Fund
Commercial N. B., Muskogee, Okla.
Director (Class B) F.R.Bk. of X.C.,
L.A.Wilson, rellaoved from 10th Dist.,
Letter from , stating,
900
900
750
951
797
909
916
Commercial,paper.
F.R.Bk. of K.C.,
Rates, changed in. Secy. to wire for
recommendation Board of directors re,
730
F.R.Bk. of Phila.
Approval of rate increase for
730
Approval 3e0 rate for, running 15 days
986
F.R.Bk. of St* Louis.
Approval of 3';'; rate for run'g 15 days
1303-4
Establisbment of 15-day rate 3%, apprvd.
969
,Committee of F. R. Agents.
Publicity, rept of Comet. on, noted
COmmittee of Governors.
Reserves, deficient, penalties for,
report of, re
U.S.Bonds, purchase of 2s by, suggested
by Gov. Rhoads; report V,arburg re,
793
1127
1177
Committees:
Reassignment of members of Board to
837
Same, approved list
86-863-864
Audit. & Exam.
Exminers. Comptroller's statement
of number of left open, discussion of recommendations by, as to
759
Houston, B.C., salary far, ref. to
754
Houston, B.C., rept. re salary appvd.
759
Salaries of.
Ques. re refd to
754-755
Rec. rept. farn. Comptroller
775
Recrans. Comptroller appvd.
919
Rept by favor increases appvd.
1035
Bond (Delano & Harding.)
Letter Rhoads re disposing 30 yr 3s,
Letter Harris, Forbes & Co., & memo
.zi.rburg re U.S.bonds, referred to
765
Bulletin.
Acceptances. Com't empowered to refer
to Gov's. future address to N Y Chap.
A.I.B., and Policy of Brd re
1097
Amendments,Counsel's statement re, for
Sept. issue ref to, for report to Brd.
908
Clayton Act, synopsis of, prepared by
F.R.A. Austin, ref. to
1074
Foreign credits, press statement re, to
be published in; ref to
1194
Opinion "'ounsel:
Loans on city real estate, refd
to, for decision re publication of,
107k.
Repts. business conditions.
Matter of Boxworth's desire to
print, ref to
837
X=V
.Committees: (Con.)
Bulletin:
Reports of Bus. conditions.
Rept. of Com't. re date for release of
Warrants, LAss.Municipal, opinion
Counsel re, ref to
Clayton Act:
See also Minutes, Clayton Act.
Clayton Act, Committee.
Private Bankers.
Action of, re approvals & disapporvals,
ratified
Applications, rept on those clear
Armor, J. Ogdm, case of, to Brd. without recommendation
Named (Hamlin & 7,arburg)
Report of, Sept. 13, 1916, adopted.
Rept of applications Uleveland & Baltimore,
Sept. 7 & 11, adopted.
Rept of re oases involving no controversy
to be given at meeting Oct.6
Rept of re applications, adopted.
Rept of re application Spoor, Shedd, Oliver
Mitchell & Armour to be considered
as group.
•
Straus, Percy S., rept re directorship of
Clearing:
Soo also Clearing & Collection of Checks.
Icohange Charges.
First N.B. Thompson, Ga. letter from ref to
Kitchin bill. lettersre to be ref to
Report of, re transfer Wisc, banks to
7th Dist.
Reserves of member banks, to send letter
to bks re impairment cf
St. Louis Bankers Conf. authority given
to Com't. to hear complaint of
Conference of F.R.Aspnts
Conflict of date Dec.4 for, with announcement of elec. directors on Dec 5,
letter re, ref to
Currency & Note Issue.
Introductory statement of by Pierre Jay
Rept of re sub, special bus. sub. by Jay
Directors, Class C, Boston & Phila.
Report of, tabled.
921
1212
1290
1033
1062
876
956
955
1027
1057
1238
1197
696
1273
1131
868
760
1058
1228
1226
1197
.Committees: (Con.)
Discounts & Investments:
Acceptances against cotton and yarn,
rept of, re, in answer to inquiry
of F.R.Bk. Boston, adopted.
Acceptances against gold shipments,
rept of ref to Ex. Com't.
Executive:
Acceptance Cr. to France & other
countries in gen. matter of ref to
Amendments: Circular re of Compt., ques.
of senCing to FRAs ref to, with Counsel
Rept Com't. re above, presented and
ref. back to com't
Files of re, examined.
Directors; removal L.A.Mlson from 10th
Dist., his attention to be called to
on recommendation of,
Dividends; Method of computing, rept of
Special Com't. on considered by
F.R.Notes; action of, in sending out,
approved Meetings: See Meetings, Executive Committee.
Expenditures:
Table for Board room, ques. of ref. to
Issue & Redemption:
Req. upon Comptr. for F.R.Notes, power for,
given to.
Above grant of power upheld, letter Uounsel
to Comptroller
Statistical statements, new form of, put
into effect by
Law:
Amendments; Files of ordered filed except
those rel. N.B.s, which were ref to
Comptroller
Amendnonts; To be referred to with aid of
Counsel and members of Board
Opinions Counsel to be submitted to before
going to Board for approval.
Opinions Counsel re 15 day paper, acceptances Smith & Etheridge and right of
F.R.Banks to receive deposits of nonmetatbar banks, report of re
1101
1258
1085
1009
1091
744
920
973
1044
1012
1176
1199
1298
744
1248
871
Committees: (Con.)
Member & State Banks;
Fiduciary powers; First N.B. of Gardner,
1032
Mass, rept. of Com't favor of, for,
for,
to
form
F.R.A.s,
be
Repts. from
1130
revised by
Operation of F. R. Banks;
Directors, expiration of terms of, on
970
Dec.31-16, to be considered by
Salaries of 38 employes of, increases in
784
favorably reported an by,
Operation of F.R.Bank of Philadelphia;
Elec. Class C director vice McCormick.
747
Warburg reported for com't. re
Operation of F.R.Bank of San Francisco;
1131
Rept of presented & tabled.
Rept re letter from Comptroller re certain remarks by F.R.A.Perrin
1111
Policy:
1228
Report of, submitted by F.R.A.Hardy.
Relations with Treasury •Dept.
GOA bullion, letter from cashier of
N. Y. bank re cashing checks calling
for, referred to
750
Relief funds, from() oLtJohn Millis re
1127
distribution of, ref. to
Special:
1282
AdvisOry Council, membership in, rept of re
Bonding, F. R. Agents, rept Delano as re
1215
Clayton act applications;
Harding suggested by Warburg as chairman of.
797
Reports of discussed and accepted
927-929
Comptroller & Board, matter of closer
cooperation between re figures of condition of national banks, referred to
755
Dividends, Method of computing;
Report of considered by Ex Corn.
973
Foreign Account of F.R.Bank of N.Y. with
Bank of England, matter of, to be taken
up by, with State Dept.
874
Dodd Settlement Fund, report of re management of*
951
Committeess
(Con.)
Special:
Minutes of joint session of Board and
Conf. of Govs. ref to delano as,
1281
Minutes of joint session of Board and
FRAgents, ref to Delano as,
1223
Report of Mr. Delano approving,
1258
Publicity (5: Public Relations, report of
Com't. of FRAgents apptd to consider,
793
Quarters: Special report re, ref to
1119
Redistricting. Transfer of Taylor County,
Wisc. banks to Chicago Dist. letter from
Hon. I.L.Lenroot re, ref to.
1211
State Banks; American Trust & 6avings Bank
of Birmingham application for admission,
referred to747
Visit to Atlanta; Bldg. for F.R.Bank of
Atlanta, memo of re, Com't. to write
to bank pending final action by Board
1128
Staff:
Assessment for expenses of Board for 6
months beginning Jan. 1, 1917, resolution of re
1213
Counsel's Office,
Rept of Com't on favor of additional
stenographer for,
926
Rept of Comet that extra stenographer
has been assigned to
965
Division of Issue:
Rept re filling vacancy in, due to resignation of Miss Barnard.
807
Rept of, recommending retention of Mrs.
Potter for October, approved.
1011
Rept re status of certain employees,
Mrs. E.R.Potter, 'airs. Mary W. Lewis, Messenger Dashiel, voted an.
1106-1107
Division of Statistics:
Salaries of E.L.Smead and A.E.Smith
reported on by,
1037
Examiners:
Appointment of certain examiners as recommended by Comptroller, rapt re by
1135
Files:
Fowler, A.
Jr., report re transfer
of, to
1035
Increases in salaries due to cost of living,
report of, re,
1297
Committees:
(Con.)
Staff:
Relations between Board, F.R.Banks, and
F.R.Agants, question re, ref to
Report re changes in Boards staff (Mr.
Laning, Mr. Moran.)
Secretary's Office,
Stenographer, report in favor of
additional.
Stuart, Nelson, salary of reported on,
Tyler, J.E., probationary appointment of
reported on by.
State Banks:
Am. Trust & Savings Bank, Birmingham,
report of examination and app. of,
ref. to Harding & Delano upon recom. of
Committee
Corn Exchange Bank, of NY, report of
Comt. on favoring entrance of
Fiduciary powers, report of cont. re
applications for, approved.
•
U. S. Bonds, purchase of, report of Conf. of
Govs. stating Comt. had been named for.
Commodity Paper:
F. R. Bank of Atlanta, •
Reduction in rate approved.
F.R.Bank of Kansas City,
Changes in rates. Secy to wire requesting
recommendations Board of Directors re
Increase in rates for approvel.
F.R.Bank of Minneapolis,
History of rate on, press statement re
Rate for, approved
F.R.Bank of Philadelphia,
Rate increase for approved
F.R.Bank of St. Louis,
Approval
rate for, not over 90 days
F.R.Bank of San Francisco,
Interpretation and application of rate of,
on, discussed; bank to be advised of
Board's view re limitation of rate
to maturities of 90 days or less.
ae
1009
1313
1259
1131
1098
747
746
784
1262
853
730
764
1065
1237
730
1303-4
1076
xl
Commodity Paper: (Con.)
New Orleans Branch,
Reduction in rate, request for, discussed and referred to Harding,
Commonwealth Trust Company, Boston.
Entrance into FRSyatem, application of,
approved
Papers re above ref to Hamlin to write
Gav. Aiken re
Competition,
See
836
1311
1312
Banking Competition,
Substantial Competition.
Comptroller of the Currency,
See
John Steelton Williams
Concentration of funds:
Letter from W. H. Allen re, ref to Ex Corn.
Condition reports
See
Reports, Condition.
Conference of F. R. Agents:
Date for,
Letter D. C. Vills suggesting Oct 23
Weeie of Dec. 4 sug6ebted by Board
Telg. from D.C.Wills approving Dec.4.
Telegrams re
Letter from Perrin re
Discussed and week of Dec. 4 chosen
Letter re conflicting of Dec.4 with
announcement of directors Dec.5.
May.
Resolutions and motions adopted by,
presented
Examination made of
December acceptances.
Differential rate for, of member and
nonmember banks, repart of re,
December.
Advisory Council, elections far, and
relations of, with FRBanks, su&ft,sted by
Governor as topics for
1116
917
976
990
999
1001
1008
1058
729
743
1229
1209.
xli
Conference of F. R. Agents: (Con.)
December;
Amendments, discussion of Board re req. by
1226
1231-3
Reply of Board to above request
A.B.A.Com't on Check collection,
inquiry of Agts. re policy of Brd. re
1226
1230
Reply of Board
Beginning of session announced; topics
for opening address by Gov. outlined
1207
Board members to sit with
1205
Branch Banks. F.R.S. policies re, discust 1233-4
Clearing & Collection of Checks:
Charge for Collection of State Bank
checks, report of, re
1229
Postmasters, report at conf. re collection through,
1229
Committee reports of, printing of, in
Bulletin, action re,
1230
Discount rates, views of Board re policy
governing, requested by,
1226
Reply of Board
1230-1
F. R. Notes:
Printing of at Gov. expense, repott
of re,
1229
Statement of Board re,
1231-2
Supplies of and placing orders
for, Statement Mr. Miller re, to,
1235
Gold, accumulation of, issue of F.R.Notes
for;
In quiry of re policy of Board re
1226
Report of, re,
1229
Reply of Board to above inquiry
1231
Mr. Harding's address to, answering inquiries of,
1230
Joint session with Board, plan for, suggested by Gov, and memo of Perrin re
plan for dividing work among committees;
discussion and vote re,
1209
Joint session with Board begins,
1208
Joint session with Board held,
1217-1228
National Bank Act, Sec. 5200, report
of, re changes in,
1229
Conference of 2. R. Agents: (Con.)
December:
Plans for, discussed, FRAs to bring
drafts of annuLd repts., question of
arrangements for, ref to Com't on relations with YRAs.
Press statements, possibility of telegraphic advice re, inouiry re by,
Reply of Board to above inquiry
Rediscounting, factors in making rates
for, discussion re, with Board
Reserves;
Amt. to be carried in F.11.Bnks,
in.luiry of, re views of Brd. re
Reply of Board to
Transfer date of, report of, re
Reply of Board re,
U. S. Bonds as collateral for accomodation
by other FRBanks, inquiry of M.B.Wellborn
re, and answer Mr. la,rburg,
1009
1226
1233
1235
1226
1230
1229
1232
1235
Conference of Governors:
Acceptances, bankers;
1254
Situation re, outlined to, by Watburg
Combination to Gold Settlement Fund Safe, to
900
be discussed by,
Committee on Clearing authorized to attend
835
Bot,ton conference
Date for, set for Dec. 11 in Washington,
1183
letter from J. F. Curtis re
Mr. Harding's address to joint session re
program of, etc.
1251-3
Joint session of with Board
1251-5-1262-8
Program for, letter from J. F. Curtis
transmitting ; discussion re; Ex Com't
to prepare reply to :Ir. Curtis
1213
Recomnendation that Strong's European trip
be paid for by banks, approved by Board
886
Report of, held in Boston Aug. 22-23, considered by Ex. Can't. with special reference
to report of special com't to consider methoi
of computing dividends.
973
Report of re work Dec. conforsnce
1262-8
gonference of Governors:
(Con.)
Reserves;
Reconciling member banks' and treatment of uncollected bale. with P.R.
Banks, question re raised by NYBamks,
presented by Governor to
Views on punalty for impairment of
Walker, Marcus, attendance of at; letter of
Wellborn re, and action of Board re
Conference of Louisville bankers and reps. F.R.Bank
of St. Louis, stenographic report of, arranged for
Consulting Counsel
Conversion of Bonds ,
see
see
1255
868
1206
1288
J. P. Cotton.
U. S. Bonds.
Cooper, Wade H., of Washingtan,D.C.
Clayton Act; testimony of, re his case under;
Board's former action re case reaffirmed.
1065-6
Corn Exchange Bank of New York City:
Accept up to 100%;
Permitted to
Advice of Counsel requested as to laws
of N.Y.State re limitation of riert to
Entrance into F. R. System;
Application rerorted by Warburg
Application approved
Examination to be made by Broderick
741
746
741
Corn Exchange Bank of Chicago, Illinois:
Directors' applications under Kern amend.
883
Corporation Trust Company:
Letter re issuance of circulars.
690
Corsicana National Bank, Corsicana, Tex.
Application for fiduciary powers granted
8k4
Cotton:
Acceptances against, letter from F.R.Bnk
of St. Louis re,
120§
811
815
xliv
.Cotton: (Con.)
Acceptances against at F.R.Bnk. of Boston,
repast of Com't on Discounts re, adopted
Acceptances against, in St. Louis, letter
of Broderick re,
Minimum Loan Price On:
Letter from Sen. Sheppard forwarding
request of constituent re
Reply of Gov. Harding to Sen. Sheppard
re; also released for Bulletin
Cotton Drafts:
Export cotton drafts, eligibility of, for
acceptance by a member bank.
F.R.Bank of Atlanta;
Discounted or purchased by, statement
re
Cotton, J. P., Consulting Counsel:
Clayton Act;
Trust co awned by stockholders of a
national bank, opinion of, to be asked
re status of directors of, under Clayton Act; case of Mr. Eckart.
Hearings, invited to attend; participated
In discussion of procedure to be adopted.
Consulting Counsel, official title given to,
Deposits;
Nonmember banks', opinion of counsel re,
ref to
Fiduciary powers;
Mass case, re, letter of, re, to counsel,
Mass case, difference of opinionre of, &
counsel of Nat, Shawmut Bank of Boston
Fifteen day paper as collateral to protect
F.R.Notes, opinion counsel re, ref to
Straus, Percy 8., request of to serve director of 2nd N.B.,N.Y.,and member firm R.H.
Macy & Co., ref. to
Cotton-seed oil in transit, purchase at Atlanta of
acceptances against, discussed,
1101
1212
979
989
815
1081
1053
1014
1061
1106
1199
1211
1106
780
1110
dv
'Counsel
Of Federal Reserve Board -
see Elliott, M..C.
Counterfeit notes:
F.R.Bank of Minneapolis;
Memoranda and discussion re counterfeit
of note of,
Secret Service Division's memo, re one in
C irculation.
1090
1007
Country Bankers:
Conference of, re chock collections, attention
Board called to announcement of
910
Covington, Kentucky, City of:
Application Uleveland Bank to purchase loan of,
approved.
775
Cramer, S. B.
Promoted as Assistant Cashier, Chicago,
906
Credit (Immediate) List:
First National Bank, Birmingham, placed on -
767
Credit Statements:
Seay, George J., letter from re forms of,
Credits:
Deferred, for. of daily condition report of
F.R.Banks, altered so as to omit deference to
Hides, letter from Pierre Jay re long credits
on; matter approved.
Credits, foreign bankers' -
1294
1049
see also Foreign loans;
Acceptance credits.
Currency:
Con!. of Govs. report re, with resolution re
improvement of currency laws
Shipments:
F.R.Bank of Dallas, Letter from Ramsey re
1207
1266
1002
xlvi
Curtis, J. F., Counsel F.R.Bank of New York:
Acceptance;
Collateraled by other acceptances growing
out of import and. export transactions,
letter of, re eligibility of,
Draft of reply to, approved,
Gold, shipments of, letter from re
drawing of, against,
A. B. A. Committee on check collections,
policy of Board re, inquiry re by
Bills of exchange drawn in good faith, letter
fr-m re,
Clayton Act hearings;
invited to attend
Clearance and collection plan, letter from,
forwarding opinion of Exchange NoB., Olean, re
Clearing situation, letter from re.
Conference of Governors;
Date of, set for Dec. 11 in Wn., letter
from re,
Program for, transmitted by,
Foreign Account with Bank of England, memo ro
Private Banker;
Definition of, discussed by, in general
meeting re, with Board
U. 3. Bonds;
Status and purchase of 2%s, letter from re
Curtiss, F. H., Federal Reserve Agent, Boston:
Bond for, letter from Jno. Eastman transmitting
new bond for, asking release of companies on
old uond, vote re.
Charters;
Back Bay N.B. and Roxbury Bank requests for,
letter re,
Boston, new banks in, letter re charters for
Cambridge, Mass, new N.B. at, letter re
granting charter to,
Checks, par, letter from, re 17 banks in Vt.
not agreeing to,
Clayton Act; letter re notification of action
on application under.
Examination of accounts of, report of,
J224
1248
1258
1255
•
1049
1014
760
1244
1183
1213
873
1015
1165
1134
773
793
805
766
906
753
Curtiss, F. H. F. R. A., Boston, Mass. (Con.)
Foreign securities, holdings of, by banks in
Dist. No.1„ letter from re,
Gold of Bank of Switzerland, request of, for
F.R.Bank of Boston to accept, granted under
certain conditions.
Kern amendment, attended conference with
Board re
National Bank at Woburn, Mass, organization
of, at, letter from re,
Notes:
Real Estate security, letter from re
extension of notes based on,
Reserves:
Readjustment of member banks', plan re,
reported on by,
Transfer agent, may a member bank act as,
1210
769
880-882
1191
1020
1217
815
Dairymen's Bank of Northern Illinois:
Application of, for membership in FRS,
suspended during one year's existence of the bnk 1140
Dallas, 'Texas,
see
American Exchange N. B.
Dashiell, a. T., Messenger, Division of Issue.
Increase in salary for;
Letter from Comptroller recommending.
Report of Committee on Staff re deferring of, until January 1; vote re.
1140
1107
Davis, Floyd E., of Washington, D. C.
Clayton Act, application of, granted,
1035
Davison, H. P.
Connection of, with Board's statement re
foreign Treasury bills outlined by Governor, in address to conf. of Govs.
1253
Daw, Charles,
Hired to send out lists.
632
Debate:
Joint debate on F.R.Act, invit. from Chas. N.
Fowler to Nr. Hamlin.
997
DeHaven, John, (Messenger)
Additional leave authorized for
899
De La Mater:
Combination of safe to deliver to Breck
797
Deposits:
Nonmember banks';
Letter from Perrin re acceptanceof, ref
to Counsel
Opinion of Counsel re, ref to Consulting
Counsel
Right of F.R.Banks to accept, report of
Law Com't. re opinion of counsel re,
Telegram from Perrin re receipt of, read
and ordered answered, with statement that
Counsel's opinion was adverse to such recp,
Savings, investment of, in National Banks.
Hamlin's memo re,
Warburg's memo re,
Time Certificates of, opinion Counsel re definition of
Depositories:
Gibson, airnoldi & Co. letter of, re public
depository as national institution
Deputy F. R. 4ugents:
F. R. Bank, of Richmond,
Reelection of James A. Moncure as, report of
Com't. on Operation re, tabled
Dickson, F. H., St° Louis Bankers Conference:
Statement that Board viewed pending suit to test
clearing in friendly light; not to be asked
to reply to message requesting his authority for
Telegram from and reply stating Board would meet
com't of which he is chairman.
Telegram from
Directors:
Advisory Council, election of, to, discussed,
Amendment to clarify Sec. 22 re:
Vote of Board re,
Agreed to
1091
1106
1214
1110
756
758
1073
783
1277
814
729
758
1172
124/
1272
•
Directors: (Con.)
Clayton Act;
Resignations of since, Mr. Hamlin suggested member banks be circulated re number of
998
P.R.Bank of Boston;
Status of a director in; affecteA by transfer
of territory to N.Y., opinion of Counsel.
1064
P.R.Bank of Cleveland;
Fees paid to, reply of Sect to Geo. V.
Sheridan re
953
F.R.Bank of Kansas City:
Composition of directorate of, discussed,
1241-1286-1300
Merchants E. Mechanics N.B., of N.Y.;
Status of directors of, ref to Counsel
1051
Private bankers, recommendation of Counsel
that member bunks be circularized re directors in business as.
998
Above recommendation ref. to Clayton Act Com't.
1007
Removals from district;
Resignation should follow removal, opinion
Advisory Council re,
985
Savings bank in California, letter Counsel re
status of a director desiring to serve on Nrd
of, with9ut being either officer or director
1029
Class A and B:
Clayton Act;
Class A director under, ruling re,
to attention F.R.A.Richmond, Va.
810
Election of;
List of classification of mentor bnks
for purpose of, ordered printed in
Bulltin;,list forwarded to Am. Sou.
U. B., Louisville,
1179
Martin, letter of re date of,in 1916
895
Method of choosing, letter from
Austin re
1020
Proposed'letter to agents re,
910-4
P.R.Bank, Chicago;
Election of, letter from, re. ref.
to Corn, on Operation.
1274
P.R.Bank of Cleveland;
Comnunication from re selection of
1240
F.R.Bank of Kansas City;
Wilson,L.A.,Class B, resig of, removed frou 10 1)ist.
916
Directors: (Con.)
Class A and B;
F.R.Bank, of K. C.(Con.)
Attention of, to be called to his
920
removal.
Reluctance to resign stated in letter from; Advisory Council to be
asked their opinion.
975
Gov. Harding to write to,
977
Proposed letter to, presented
980
Resignation tendered,
1007
F. R. Bank of Minnegpolis;
Communication from re selection of
1240
F.R.Bank of Phila.;
Communication from re selection of
1240
Election of;
Discussed; letter to be weitten
1030
Letter f:om Austin re conduct of
1058
Letter from Austin with documents
re, ref to Corn. on the bank,
1274
Letter of Austin re,
1289
F. R. Bank of St. Louis;
Election of;
Letter from re,
1274
New Orleans Branch:
Election of,;
Letter of Willborn re,
1298
Opinion Counsel re, approved,
.1299
Preferential voting for;
Question of, presented to Board and
opinion of Counsel read
1032
Memo of Counsel re, approved,
1051
Class Cs
Acceptances of appointments as, attention
called to, by Secretary
1303
Appointments of, discussed for those
whose terms end 12-31-16
1173
Special meeting for,
1277
Meeting for, 12-19, McAdoe attending
1283
Election of those whose terms end
14-31-16
1286
Appointments declared
1299-1301
Repts of Com't re, for 3 yr terms
beginning 1-1-17, tabled
121.3
ii
Directors: (Class C) (Con.)
Expiration of terms on Dec. 31,1916, com'its. in
charge of F. R. Banks to consider.
F. R. Bank of Boston;
Report of Com't. on selection of
directors at, tabled.
F. R. Bank, of Chicago,
Discussion of vacancies.
Recommendations of C.L.Herring as
Resignation of Meredith,
F.R.Bank of Minneapolis;
Reappointment of J.W.Black, of Houghton,
Mich., as, urged in letter of Wold
F.R.Bank of Philadelphia;
Appt. H.B.Thompson & J.D.Brodhead as,
Discussion of, to fill place of McCormick
Discussion of, J.H.Wjiteman & R.B.
Thompson named
Discussion of vacancies,
Elections of, made
Letter from Gov. at, re election of,
Rept. of Com't. on selection of, at, tabled
Warburg's report as to filling 2 vacancies
F.R.Bank of San Francisco;
Nomination of E.C.Bradley as director at,
in place of Claude Catch, report of
Com't on Operation re, tabled.
970
1197
871.
783
764
1175
891
747
757
871
891
,906
1197
891
1259
Discounts:
Discussion of in all dists. by Advisory Council. 981-3
Establishing rates of, views of Brd. re factors
1226
governing, requested by FRAgents,
1230-1
Reply of Board to above request
F.R.Bank of Chicago;
Schedule of bills discounted by, memo
815
Harrison re,
876
Sixty day rate decreased
F.R.Bank of Kansas City:
764
10-day paper rate increased
1043
Rate notices for the week presented; no change
Dividends:
Dates for, letters sent by Board directing
dividends be credited to June 30 and dec.
31 only.
Duplicate reports of, to be sent to F.R.banks,
letter of Brennan re,
979
748
Dividends: (Con')
F.R.Bank of Atlanta;
First N.B. of Tallahassee, complaint
of, re insufficient dividend from,
F.R.Bank of Boston;
Approval of Dividend of 6% up to Dec.
31, 1925.
F.R.Bank of Chicago;
Approval 6% to 12-31-15.
F.R.Bank of Cleveland;
Authority for, up to June 30-15, granted
Letter from Gov. Fancher re
F.R.Bank of Dallas;
Approval by, to dec. 31, 1915.
2d telegram to be sent to re payment of,
Resolution authorizing payment of, to
April 31,1916, letter Gov. Van Landt
transmitting; decision of Board re
Proposed by, shown to be warranted, bank
to be notified of Board's approval.
F.R.Bank of Kansas City;
Approval dividend by, from organization
to July 1, 1915.
F.R.Bank of Minneapolis;
Letter from re; proposed div. approved.
F.R.Bank of Minneapolis;
Payment of 6% div. by, from 11-16-14 to
7-1-15, approved.
F.R.Bank of N.Y.;
Declaration of, at, noted at approved
F..R. Bunk of Philadelphia;
Letter from re; proposed, approved.
Rept of Corn, on Operation favoring
proposed dividend.
Declaration of, at, approved.
Approval of payment of 6% to 6-30-15
F.R.Bank of Richmond:
Payment of p% div. to end of year requested; decision of Board in favor
of p% for shorter period.
F.R.Bank of St. Louis;
Approval 65 to Mardi 31, 1915
870
1293
1295
1196
1192
951
975
1215
1224
738
1241
1275
1275
1241
1258
1275
1296
1283
1294
Dividends: (Con.)
F. R. Bank of San Francisco;
Proposed payment of, letter from
Perrin inquiring re,
Proposed payment of, recommendation
of Mr. Broderick that bank file
dtatement in advance.
Payment of, telegram from Perrin re,
and telegram from Brd. in reply
Amouncement of 6% to 3-31-15, & Approval
Forms for earnings & dividends, letter from
Comptroller re order for; Secy to place order
Liability for, re Wisconsin banks' transfer
Letter of Gov. Wold re; decision re
A. Hamlin's statement re equitable settlement re
Letter of Gov. Vold re
Liability for dividends ro Wisconsin Banks'
transfer;
Draft of letter re; submitted to Council
Letter from Gov. V.old re ref Law Corn
Settlement re, authorized by Board
Member Banks:
Inquiry to, re; suggestion of Comptroller
that this inquiry be made permanent;
voted to make tnis general order
Payment of accrued, of banks transffered
from Dist. opinion of Counsel adopted.
Method of computing;
Report of special com't. on, considered
by Exec. Com,
Resolution re, by Ex. Com, to be recommended to Board for approval.
Nat. Herkimer County Bank, letter from J.F.
Curtis re dividends payable to, ref to
Law Corn.
Oklahoma banks, letters re div. of, ref to
Harding & Delano as special com.
Relations bet. F.R.Banks of Dallas and X. C.
re, statement of counsel re.
Smith, Rep. J.M.C., letter to re,
917
954
979
1289
1210
1191
1225
1256
1276
1301
1310
1018
1101
973
973
1224
1244
1206
764
Division of Audit & Exam:
Examinations;
Bank of Iota, La., by State Banking
Dept. to be accepted recomllendation
of re
F.R.Bank of Cleveland, report re,
F.R.Bank of Phila, rei,ort re, ref. to
Corn. on F.R.Bk. of Phila.
Division of Issue;
Communication of Comptroller re qork ofasking authorization of employment of Mrs. E.
R. Potter for another month.
Dashie1 (Messenger) letter from Comptroller
recounending incvease in salary of, ref to
Corn. on Staff.
Reports of Committee on Staff re:
Filling vacancy in, due to resignation
of Miss Barnard.
Retention hire Potter for Oct.
Status certain employes (Mrs. Potter,
Mrs. M.W.Lewis, Messenger Dashiell)
Request Williams for certification to fill
vacancy in, caused by resignation Miss
Barnard, ref. Corn. on Staff.
Resignation of Miss Barnard accepted.
Selection of a member of the staff of,
discussed and tabled,.
Division of Statistics:
Employee for, need of additional for next GO
days, matter re, ref. to Corn, on jtaff.
Salaries E.L.Smead and A.E.Smith, reported
on by Corn. on Staff.
Dollar Exchange
Gardin, 'LE., Letters from.
re drafts drawn for, and reply of Gov.
re power to draw drafts for, in South
America
Irving, N.B. of N. Y.:
Application of, to accept drafts from
foreign countries for purpose of furnishing, aprroved.
1211
1144
1117
1001
1104
807
1011
1106
789
731
1072
1175
1037
1049
1126
996
lv
Dollar Exchange: (Con.)
Irving, N.B., V. Y.: (Con.)
Application of, to furnish in certain
South American countries; action of
Board re suspended, matter ref to Corn.
on N.Y.District.
Mechanics & Metals N.B., of N.Y.:
Request from for permission to accept
drafts for.
Letter of Warb.,Irc to re accepting finance
drafts for, discussed,.and ref to Ex.
Corn.
Proposed letter to, accepting finance
drafts for authorized, application
denied.
National Bank of the Repuulic, Chicago:
Application of, to accept bills on
Australia to create,
Form of reply to above application ref
to Governor with power to act.
National City Bank, of New York:
Authorized to accept drafts to create
dollar exchange in Latin America
Soutn American Countries:
Letter from Pierre Jay re, in
Dore, R. A., of Washington, D. C.
. Clayton Act, application of, granted,
14raft2
see also
1074
1080
1086
1258
1290
1185
1029
1034
Dollar exchange.
Cotton drafts.
Drafts:
Non-acceptance by Treasury Dept. of, drawn
on F. R. Banks, correspondence re, from
F. R. Bank of Minneapolis.
Report of Conf. of Goys. re, on F.R.Bnnks and
banks outside of F.R.Cities.
Special fund for silver and legal tenders,
question re, ref. to Corn. on Immediate
availability of drafts oN F. R. Banks.
Dulany, H. Rozier, Jr.,
Clayton Act;
Applications, to assist Com't. on,
1005
1100
1263
1265
797
lvi
Dulany, H. Rozier, Jr.:
(Con.)
Clayton Act: (Con.)
Applications from Baltimore & Cleveland
ref. to, with Broderick, for report.
Applications from Baltimore 8. Cleveland
reported an by, with Broderick.
Class A Director,under, letter to P.R.
Agent at Richmond, re
Hearings; invited to attend; participated
in discussion of procedure to be adopted at
Combination of Safe:
Gidney to turn over to
To be turned back to Gidney
Kern Amendment:
. Applications received under, memo. showing
Memo re
Stenographer; men* requesting an additional for
Counsel's office.
Dunlap, Joseph V., of Georgia.
Examiner, recommendation of Comptroller re
appointment of as.
929
955
818
1014
797
900
758
865
92
1117
Earnings & Expenses:
Duplicate reports of, to be sent to F. R. Banks
Letter of Brennan re,
748
F.R.Bank of Richmond:
Income likely to be received from penalties
on reserve deficiencies, letter from Seay re 1013
Forms for earnings and dividends, letter from Comptroller re order for; Secy to place the order.
1210
Eastman, John, of Boston:
Bond for FRA Curtis, letter from, transmitting
new bond for, and asking release of companies
on old bond; vote re,
1134
Eckart, B. A., of Chicago:
Clayton Act, application of, letter from Geo. M.
Reynolds re.
Opinion of Counsel re above case
Granted, following argument
1044
1053
1078
ljlizabeth,
Ntj.
see
National State Bank.
lvii
Elliott, L. C.:
Amendments;
Circular re, of Comptroller, memo.
Counsel re transmitting of to FRBks.
Anglo-South American Bank, power of agency
of to accept for the bank, statement of re
Bills of exchange drawn in good faith, statement re, by
Clayton Act;
Hearings, invited to attend; participated
in consideration of procedure to be
adopted for,
Applications; report favoring granting of
additional applications in Wash. D.C.
Clearing of checks;
Texas Bankers Assn., telegram re action
to be taken by, received from F.R.Bk.
of Dallas by, Counsel to take necessary
steps to defend action.
Directors:
Preferential voting for, memo.by, stating Board's position re,
3avings Bank in Cal., letter of Counsel
re status of a director desiring to
serve on Board of, without being
either officer or director
Recommendation number of banks be circularized re directors in business as private bankers.
Above recommendation referred to Committee
on Clayton Act.
Relations between F.R.Bks. of Dallas and
K.C. re, statement of, re,
Fodder, J. H., memo of Counsel re,
Fiduciary powers;
Mass. Case re, memo of re,
Michigan case re, authority given to
with Law Com't. to bring matter before U. S. Supreme Court,
Michigan case, memo re case of Grant Fellows vs. First N.B. of Bay City, Mich.,
read and ordered filed.
•
1004
1131
1207
1014
1034-5
738
1051
1029
998
1007
1206
1053
1199
997
1117
lviii
Elliott, N. C.:
(Con.)
Kern Amendment;
Competition of trust companies and
national banks under, memo re.
Lee, Higginson & Co., letter to, of, re
import rate on merchandise.
Loans;
Promisory notes of member banks secured by county warrants, letter of,
stating no authority for such loans is
given, approved and ordered printed
as ruling
Real estate, letter from, re loans on,
by small banks in reserve cities.
National City Bank to be asked to furnish
financial statements of foreign branches,
memo. suggesting
Notes;
Farmers' grain, elevator companies, letter to pros. of Equity Cooperative
Exchange, St' Paul, re rediscount
of notes of, from,
"Notes rediacounted", communication from re
definition of,
Private bankmr, definition of, memo. Counsel
re modification of,
Reserves;
Optional, memo re of, discussed,
State banks', memo of, re opinion of
Counsel McNab, of San Francisco, re
best place to keep;
Staff;
Group insurance for employees of Board,
Counsel requested to draft form of
resolution covering,
Employes
see
Endorsement
see also under
838
1028
1002
773
911
1018
1029
1180
1120
899
Staff.
Liabilities
Opinions of Counsel
Endorsement:
Member bank, limitation of, letter Bernard
Scholl° & Co. re, referred to Counsel
875
758
1ix
Endorsements: (Con.)
Member banks' endorsement of paper on a separate slip, letter of Gov. Aiken re,
Opinion of Counsel re endorsement of paper
approved.
Ennis, Texas.
see
1098
First Guaranty State Bank & Trust Co.
Equitable Life Assurance Society:
Group insurance for F.R.Bk. of N.Y.
Letter fropto Ehrding, re.
Letter from F.R.Bk. of NY re
810
822
Equitable Trust Company:
Acceptance of finance bills, letter from re,
forwarded by J.F.Curtis,
1211
Equity Cooperative Exchange, St. Paul, Minn:
Notes of farmers' grain elevator companies,
letter of Counsel re rediscount of, to
president of,
911
Examinations
see also
Reports.
EXaminations:
American Trust & Savings Bank of Birmingham;
To be made of.
Report of exam of.
State exam of, Harding & Viilliams approve
acceptance of
Bank of Iota, La; State exam of to be accepted
Bank of Montclair, N.J ; telg, of Warburg
• that report of Banking Comir. of N.J., re, be
accepted.
Corn Exchange Bank, of N.Y., to be exam.
Farmers & Traders Bank, Iowa, memo. re proposed
exam. of, ref. to Cant. on Member & state bks.
Farmers & Traders Bank of Leon, Iowa, exam of,
to be made by F.R.Bk. of Chicago, on entrance
into System
F.R.Bank of Atlanta:
Criticisms contained in Broderick's rept
re exam of.
741
747
784
1211
1281
741
1256
1277
1058
Examinations: (Con.)
F.R.Bank of Boston;
Report of exam of, and of accts of
F.R.Agent at, ref to Comt. on
F. R. Bank of Chicago:
Report of exam of, and of accts of
F.R.Agent at, referrod to Com't on
F.R.Bank of Cleveland;
Action of Brd of Directors of, in reading and initialing report of exam of,
letter of Gov. Fancher re,
F.R.Bank of Cleveland;
Rept of Div. of Exam. re, ref. to Corn't.
on the bank
F.R.Bank of Kansas City;
Rept. of exam, of accts of F.R.A. at,
ref. to Com't on,
F.R.Bank of Minneapolis;
Report re. ref. to Qom, on the bank
F.R.Bank of New Yo4c:
report re, and of accts of FRA at ref.
to Corn, on,
F.R.Bank of Philadelphia;
Comments on recent exam of, letter from
Warburg to Austin containing, ref back
to Corn. on Bank
Letter from Warburg to PRA Austin commenting on recent exam of tabled
Rept. of Div. Audit & Exam re, ref to
Com, on the banic
F.R.Bank of 6t. Louis;
Comments of Delano re rapt of Div. of
Exam. re
Rept of Broderick re, ref to Corn. on
Fidelity Trust Co., of K. C.;
Telg. of Broderick re, suggesting that
made by Arthur Young & Co. be accepted;*
reply of Delano.
First N.B. of Boston;'
Letter from Wing re supplying copy of
repts. of exam of, to FRIA. of Boston;
discussion;
758
901
1224
1144
901
1202
793
1140
1132
1117
1309
1274
1241
753
lxi
Examinations: (Con.)
Louisiana State Bank Examiner cannot furnish repts.
of examinations of State banks, letter from
917
M.B.Wellborn re.
Member Banks;
Duplicates of exam reports of, as sup753
plied to FaBks; discussion
Letter from Comptroller re views of
Perrin re exam of, ref. to Com't.
1103
on FRBk. of San Francisco
Member & State banks;
1019
Program for, memo. Broderick re
1050
Program for, prepared by Broderick, apprvd.
Mercantile Trust Company, of St. Louis;
Letter from Broderick re exam of, ref. to
1211
Com't on FRBk of St. Louis,
Peoples Trust & z;avings Bank, Clinton, Iowa;
Caws. of Audr. of State of Iowa furnish1175
ing copy of exam of.
Cant.
to
ref.
of,
exam
proposed
laen0 re
1256
on Member & State banks.
Philippine ILLtional Bank;
Ques. as to exam. of as foreign agency
1119
of FRS, ref. to Exec. Com't.
Examiners:
Appointments;
Byers, R. W., recommonded by Compt.
notice that R.G.Clay, of Ga., declined appt.; letter ref. Com't. on
Staff
Murphy, David, as, recommendation of
Comp. re, approved.
Proctor, Nat. Bank examiner, approved.
Recommendation of Compt. for 5 appts.
Rept. of Corn'. o Audit & Exam. approving
above recomAendation,
Recommendation of Compt. for 4 appts;
ref. to Can't on Staff.
Rept. of Com't on Staff re certain examiners recomd. by Compt.
Rept. of Com't on Staff re, commented
on by Oompt. and additional appt.
requested by him.
1130
1194
1297
911
919
1117
1135
1175
Examiners:
(Con.)
Appointments:
(Con.)
Washburn, Chas., as special examr.
for FRBk. of Chicago, approved.
Assignments of, notice from Compt. re
new, ref. Comt. on :3taff.
Communication of Compt. re, ref to
Committee on jtaff
Number of, discussion of recommendation
as to Compt's. statement of number of
Records or, letter from Jay re difficulties
in handling of,
Salaries:
Communication of Compt. re, ref. to
Committee on Staff
Distussion
Houston, delano presented request of
Compt. for approval of salary of:
ref. back to Com't. A.& A.
Houston, rept. Oom't. A. & A. approving
salary of,
Opinion Counsel re, ordered circulated
Recommendation of Comt. on Audit & Exam
as to recommendations of Compt. for
approval by Board of, as contained in
its report of July 7, 1916,
Report of Comt. on Audit & Exam, approv'g
recomaendations of Compt. re,
Report of Comt. on Audit & E::ams, re certain increases in, approved.
Exchange Charges:
Baltimore Clearing House, matter of exchange
charges by, ref. to Cont. on Clearing.
Clearing House charges on chks on nonmember
for collection service, letter from FRBk.
of Boston, re.
F.R.Bank of Chicago, complaint of Mellen N.B.
of Pitts-burgh re charges by
Mellen N.B. of Pittsburgh, complaint of re
excessive chgs of FRBk of Chicago.
Minneapolis, exchange charges at, letter from
Geo. H. Partridge re, ref. Clearing °amt.
1296
1244
1013
759
1130
1013
754
754
759
778
775
919
1035
865
1242
904
904
1190
(Con.)
Exchange Charges:
Moore Grocery Co., of Tyler, Tex., memo. Delano,
covering complaint of,
Mountain City 11111 Co., Chattanooga, Tenn.,
complaint of re,
New Orleans Clearing House, letter from stating new schedule of,
Service charges to banks, report of Conf. Of
Governors re.
State bank checks, charges for, report of Conf.
of FRAgents re,
Exchange National Bank of Dlean, N. Y.
Clearing & Collection of Checks, letter from
J. F. Curtis forwarding opinion re, of
Expenses:
Board's expenses for 6 months beginning Jan.
1, 1917, resolution presented by Delano for
Com't. on Staff re assessment for,
Collection of checks thro postmasters,
F.R.Bks. to pay expenses for postage and
registration fees re,
Mr. 1)elano's trip from Chicago to ot. Louis
bir, Harding's trip to Boston,
Mr, Willis's trip to Paterson, N.J.
Organization, report of Conf. of Goys. re.
Fairchild, J. D.,
Clayton Act application of, letter Pierre Jay
903
980
1206
1264
1229
760
1213
779
1042
1259
1167
1267
1050
Fairfax, Okla.,
See First N. B.
?anchor, 4. R.,
Salary inc:ease for
Warrants of City of Toledo, letter from re,
Farm Loan Board,
Removal of Board's clerical Staff to 2d floor
1044
1077
865
lxiv
ft,
II
1
Farmers & Merchants National Bank, Nampa, Idaho;
Organization of, letter from FRA Perrin re
1048
Farmers & Traders Bank, Iowa;
Examination of,
to be made by FRB of Chicago,
1256
1277
Farmers Loan & Trust Co., of N.Y.
Application of 11 directors of National City
Bank to serve also as directors of
932
Farmers State Bank, Galva, Texas:
Complaint of, re interest charges by members
K.C.C. House Asen.
798
Fedder, Jonn H.
Communication from, again taken up and tabled
Letter from, and memo. Counsel read
Federal Reserve Act:
Debate re, invitation for from Charles N.
Fowler to 2r. Hamlin
"Primer" re working of, suggested by Comptroller
and ref. to Mr. Hamlin
Federal Reserve Act and Amendments:
F.R.Bank of Chicago, copies of, requested by
Order for copies of, to be increased to 10,000
1061
1053
997
1196
976
976
Federal Reserve Agents:
Advisory Council's deliberations at Nov. session 1184
letter to be authorized for
transmission
1185
Above letter reread and amendments agreed to
1187
Amendments:
Circular re, of Comptroller
1004
Above circular referred to
Law Committee
1009-19
Redraft of letter to, re
741
Assistants to, Board's ruling re,
1277
Status of at Richmond,
1282
Clayton Act, letter to, re
728
lxv
Federal Reserve Agents: (Con.)
914
Directors, Class A & B, elections,
910
1917,
Elections of for
1296
Agent
of
reappointment
F.R.Bank of Richmond,
1276
F. R. Notes, report of, re amount required
1265
re
Gov.
of
Conf.
Funds of, report of
880
re
Board
with
conf.
Kern amendment,
772
under
applications
filing
886
of
conference
of
minutes
900
banks,
to
go
to
of,
Letters to, copies
793
on,
of,
L;om't
of
report
Publicity,
1009
discussed
FRBanks
and
Board
with
Relations
Salary increases to, at Minneapolis, Dallas
807
and Atlanta
999
U.S.Bonds, crediting profit on,
1184-85-93
U.S.Bonds, prices of 2%8
U.S.Bonds, profit on, method of accounting
1008
for, letter of Broderick re
914
U.S.Notes, F.R.Bank of Atlanta
Federal Reserve Banks:
See also names of Governors, Agents, etc.
Acceptances, correspondence from, re Board's
action re, announcement on Oct. 23,
Collection of checks through postmasters,
Letters to, copies of to go to Agents,
Par lists, cost of sending to be assessed against
banks
Relations with Board and F.R.Agents discussed
Reserves:
Impairment of, letters to be sont to for
information re penalty to be °stab. for.
F. R. Bank of Atlanta:
Building for:
Harding & Delano to meet directors and
discuss matter of; also to visit N.O.,
if desired.
Letter from Wellborn re, and memo of
special com't.which visited Atlanta;
special com't given authority to send
letter to bank pending action by Brd.
Wellborn's desire that no immediate
action be taken, re, stated by Secy.
1082
779
900
903
1009
868
1103
13ii. 8
1134
lxvi
Ft R. Bank of Atlanta: (Con.)
Building for:
(Con.)
Colwell, J. E., Pres. of 4th & let N.B.
of Nashville, letter from, re,
Letter from Wellborn re, promising cooperation in Board's plans
Conditions at, report of Broderick re
Immediate credit list of;
First N.B., Birmingham, to be placed on
Matters affecting, informally reptd on b,y Harding.
Millet seed paper, ques. of classification of,
raised by
Site for:
Letter from 6ellborn re purchase of
at 0.02,500
Rept of Gov Harding re status of purchase
of; bank to be informed of Board's feeling re failure to keep Board informed
of its intentions.
Letter Gov. Harding to, re purchase of,
read and approved.
Map of, and abstract title to, forwarded
by M.B.Wellborn. Board's decision re
Letters to bank, approving its purchase of
Lyerly, Chas. A. letter of re
fi
3.166
1166
1054
767
1064
970
1059
1064
1068
1172
1196
1205
F. R. Banc of Boston:
Bank of Switzerland, custody of gold for;
Correspondence of Brd with FRB of N.Y. re
accepting gold. for Bank of Netherlands
to be furnished to FRB of Boston.
770
F. R. Bank of Chicago:
Marshall, Vice President, letter of re,
765
F.R.Bank of Dallas:
Currency needs of dist. telg. from Gov. re,
also request. Govt. deposit.
Criticism of sending the above as open message
Request for Gov. deposit.
Minutes of meeting of Directors of, on Dec. 21,
presented to Board.
Situation at, discussed; Gov. Harding to take
matter up with Ramsey
889
889
889
1303
915.
F. R. Bank of Kansas City:
Gold:
Short weight gold in reserves, letter
from re, matter left to bank
1049
P. R. Bank of Minneapolis:
Burke, John, advertising matter re relations
of to, matter presented and to be brought to
attention Secretary McAdoo.
1098
F. R. Bank of New York:
Foreign Account with Bank of England:
Application for authority to open
Resolution re by Warburg, agreed to
Authorization for arrangement re,
Discussion of contract wit l,
Report Exed. Corn, read 4; discussed
Resolution adopted stating Board's
action re,
Form of above res. presented by Law
Corn. and agreed to
Terms of contract to be made with other
F.R.Bks, bank requested to state; informed of Board's action.
Charles, Heinrich, letter of, re,
P. R. Bank of Richmond:
‘zuarters:
Rept. of Conf. bet. Gov. Seay and Com't of
the bank, re,
Resolution re purchase of site and construction of bldg. to be sent Richmond
Letter from, concurring in Brd's res.
limiting expenditure completed bldg.
Purchase of site by
R. Board:
See also
Files,
Minutes,
Staff,
Quarters.
873
873
1166
1167
1286
1286
1491
1291
1309
772
772
794
806
•
F. R. Board: (Con.)
Clayton Act:
Application, memo. iidarburg for press re
work of Board re,
Clearing and collection of checks:
To meet Com't of which T.H.Dickson is
Secy. in Wash. July 11 or 12
Comptroller of the Currency:
Cooperation of Board with, re figures
as to condition of N.B.'s
Relations with FRBanks and FRAgents
755
1009
F. R. Cities:
Smith, .enator, of Md. bill by, giving Board
power to change:
790
F. F. Notes:
Amount required to be held in stock, letter to
P. Jay, by Secy. re Board's desire to see
report of Oom't of FRAgents
Bureau Engraving's request re minimum supply
to be printed and kept on hand; raf to
Issue Committee
F.11..Bank of Atlanta:
See also New Orleans Branch.
Delivery of $1,600,000 for approved
Deposit of $1,700,000 with Asst.
Treasurer at N.O. to be requested
of Comptroller, for N.O.Branch, or for,
Printing of $5,200,00 for, ordered.
Release of certain notes at N.O. requested by Wellborn; approved.
Request for $6,000,000 approved.
Request of for ..-A,000,000 to be deposited
in Sub-Treas. at N.O., approved.
Request of for ca,000,000 approved.
Request of for :4,000,000 approved
Request of for 0,000,000 approved
U.S.Notes used instead of, by; letter
from bank re and reply of Harding
disapproving practice.
964
729
1276
1180
1257
1257
1203
1019
878
878
1044
1068
1142
914
lzix
F. R. Notes: (Con.)
P. R. Ban.t of Boston:
Printing of additional supplies for appvd.
Request of for approved.
Shipmert of $4,000,000 to ordered
F. R. Bank of Chicago:
Release of 1,1,000,000 from Asst. Treas. at
Chicago for, approved.
Ratification of above order authorized
Reales° of 4;500,000 from Chicago Subtreasury for, approved.
Release of $1,000,000 for, action of
Board approval.
F. R. Bank of Cleveland:
Delivery of .A00,000 to approved.
Issue of „11,000,000 for approved.
Request of for $1,000,000, approved.
F. R. Bank of Dallas:
Delivery of notes for, from Bureau of Eng.
Printing of aduition supplies for approved
Printing of $7,000,000 additional alpply
for, approved.
Request of for $500,000, approved,
Request of for $1,880,000 approved.
Request of for $1,500,000 approved
Request of for y1,480,000 approved
Request of for 0,660,000 approved
Request of for $1,000,000 approved
Request of for $1,720,000 approved
Shipment of notes to, letter Van Zandt re,
F. R. Bank of Kansas City:
Issue of ,11,000,000 for approved.
Printing of $25,000,000 for approved.
Printing of $25,000,000 for ordered
Printing of 4,125,000,000 for, ordered altered
Request for $500,000 58 and 080,000 20s
approved.
Request of for 0.,000,000 approved
Request of for 4500,000 approved
Request of for ;,?1,140,000 approved
Request of for $3,000,000 approved
Request of for $2,940,000 approved
Request of for 43,000,000 approved; to be
released from uo-Treasury at St. Louis,
Request of for $600,000 approved
740
1020
1402
1198
1203
1278
1310
1257
1298
1240
907
740
894
829
861
864
879
893
995
1000
894
1288
1120
1403
1212
774
814
832
857
876
884
88.4
1074
iii
lxx
T. R. Notes; Con.
F. R. Bank of Kansas City: (Con.)
Request of for $1,000,000 approved
Shipment of. 4900,000 to, approved,
Shipment of 02,000,000 to approved,
F. IL Bank of Minneapolis:
Printing of additional supplies for approved
Request of for 42,000,000 approved
Request of for 01,500,000 approved
Request of for .:2,000,000 approved
F. R. Bank of New York:
Application for notes approved
Request of for 415,000,000 approved
Request of for 47,200,000 approved
Request of for 45,000,000 approved
Request of for $5,000,000 approved
Request of for $5,000,000 approved
Reluost of for ::;i5,000,000 approved
Shipment of 05,000,000 to acted on by
Executive Committee
F. R. Bzkrir of Philadelphia:
Issuance of 41,960,000 for, from stock,
authorized,
Request of for shipment of 43,000,000,
approved.
Printing of $2,000,000 for approved
Release of 41,000,000 from Sub-Treas.
at Phila. for, approved.
Release of 1;1,040,000 from SubTreas at
Phila. for, approved.
Release of $1,020,000 for, from SubTreas
at Phila. approved.
Release of ";
1 4,760,000 from Phila SubTreas
for, approved.
Request for release of 41,140,000 by Asst.
Treas at Phila. approved
Request that $3,000,000 be forwarded by
Comptroller to Asst. Treas. at Phila.
for release to F.R.Agent, approved.
Request that $1,000,000 be released by
Asst. Treas. at Phila., Comptroller to
be asked to expedite the release.
1122
1202
1244
740
878
1113
1173
766
885
894
1060
1114
1189
1,25
1249
1135
1114
1141
1195
1216
1244
1278
1123
1124
1125
Y. Ti. Notes: (Con.)
F. R. Bank of Philadelphia: (Con.)
Request of for release of ;7940,000 from
1146
SubTreas at Phila, approved
Shipment Of 0,000,000 to Asst Treas.
1;.02
at Phila. for, ordered
1278
Shipment of 03,000,000 for, approved
Telephonic application of for transfer
of $3,000,000 to Phila SubTreas, authorized 1135
Transfer of notes to SubTreas at Phila.,
metaod of, discussed; telephonic appli1135
cation for, authorized.
F. R. Bank of Richmond:
1120
Printing of $6,000,000 for approved
Printing of 410,000,000 for, acted on by
1249
Ex. Corn.
921
Request of for 1,500,000 approved
988
Request of for 01,500,000 approved
1011
Request of for $1,500,000 approved
1044
Request of for 4,000,000 approved
1059
Request. of for 01,000,000 approved.
1101
Request of for $1,500,000 approved
1142
approved
$1,200,000
Request of for
1189
Request of for $1,800,000 approved
Shipment of 41,500,000 to acted on by
1249
Ex. Uom.
Louis:
St.
of
F. R. Bank
740
Application for notes approved.
1250
Preparation of $12,620,000 for approved
740
Printing of Additional supplies for approved
1141
Printing of y4,480,000 for approved
894
Request of for 0,000,000 approved
997
Request of for $2,000,000 approved
1044
Request of for $1,960,000 approved
1074
Request of for 02,0000000 approved
1114
Request of for 02,020,000 approved
Revision of denomination of notes to be
printed for, recommendation of Com't on
1301
Issue re, approved
F.R.Banic of San Francisco:
Release of $60,000 requested and approved;
regular aalication to be fomarded by mail. 1080
Release of ;A00,00 for and action of Exec.
1187
Corn't. approved.
P. R. Notes: (Con.)
F. R. Bank of San Francisco: (Con.)
Release of 0400,000 from SubTreas at
S.F. for, approved.
Release of $1,000,000 for thro Asst.
Treas at, ordered,
Release of ;2,000,000 for from SubTreas, approved
Release of $1,000,000 from SubTreas
at Ban Fran for, approved
Request of for 4560,000 approved; to
be released from SubTreas at,
Request of for 0480,000 to be delivered
by Asst. Treas. at S.F., approved
Gold, issue of against:
Amendments re, contained in Board's
program for amendments, as outlined
to Conf. of Govs.
Amendment re 6onsidered.
Policy of Board re issue of, for accumulation of gold, requested by FRAs
Reply of Board to above request
Liabilities, resolution of Conf. of Govs. re
counting of, as
New Orleans:
Approval given for $4,000,000 to be deposited In SubTreas. at for F.R.Bank of Atlanta
New Orleans Branch:
Approval given for 4260,000 to be delivered
to by Asst. Treas. at N. O.
Deposit of $1,700,000 with Asst. Treas.
at N.O. to be requested of Comptroller
-or F.R.Bank of Atlanta or for
Release of certain notes at N.O., request
of Wellborn re, approved.
Release of $500,000 from N.O. for, request
of Wellborn re, al,proved
Release of 4;300,000 from N.O. for, request
of Wellborn, approved.
Release of 4500,00 from SubTreas at :;.0.
for, approved.
Request of FRA at Atlanta that 4500,000
be released by Asst. Treas, at N.O. for,
approved.
1189
1203
1240
1244
879
1112
1252
1273
14:26
1231
1266
878
994
1257
1019
1071
1201
1244
1123
F. R. Votes: (Con.)
Printing of, applications for, presented
by Ur. Miller on behalf of Com't on
Issue & Redemption
Printing of additional to be held in stock,
report of Com't on Issue re, approved
Printing of at Government Expense:
Report of Conf. of FRAgpnts re
Statement of Board re
Amendment re, drawn by Counsel;
Carter Glass to benotified of Board's
position re amdmt. re
Position of Board re stated by Gov.
in address to Conf. of Govs.
Protection of:
Promissory notes directly in favor of
FRBank, ques of FRBank of Dallas re
acceptance of as collateral security for
"Dediscount" in connection with paper
presented for, letter from Ramsey re
definition of.
By fifteen day paper:
Opinion of FRA Ramsey re
Opinion Counsel re, ref to Uonsulting Counsel
Above opinion submitted by Ar. Harding and ref to Law Com't.
Comments Mr. Harding re opinion of
Ramsey.
Vote of Board re proposed amendment re
Amendment proposed re agreed to
Releasing of:
Austin, FR, letter from, inquiring re
present method of
Xalburn, Asst. Secy., letter from, outlining new procedure for,
Requisition upon Comptroller for:
Power for given Comt. on Issue & Redemptn.
Letter of Counsel to Oompt. upholding power
of Board to invest power re in Exec and
Issue Committees.
1120
1298
1229
1231-2
1241
1245
1252
1006
1004
1098
1106
1116
1116
1447
1272
1127
1127
1176
1199
lxxv
.F. R. Notes: (Con.)
Reserve: (F.R.Notes available as legal reserve.)
Advisory Council:
1154-6
Discussion re by,
1150
Resolution re, passed by
(F.R.Notes as vault reserve.)
1a66
Resolution of Conf. of Govs. re
903
Statement showing notes ordered and on hand
Supplies of and placing of orders for, state1435
ment of Mr. Miller to FRAs re
Unfit notes:
Transmission of, to Treasury, opinion of
Counsel re, ref, to Com't on Relations
1302
with Treasury.
P. R. System:
Attitude re, reports re, contained in FRAs
reports on business conditions.
Inquiries re, made by Robt. Luce, of Boston.
Suggesticns re, letter fromL. Babson to
Secretary of the Treasury making,noted
See
1216-22
1276
1166
Directors.
Fellows, Grant:
Fiduciary powers, Michican case.
See
Pidelity Trust Co., Kansas City:
Exam. of, telg. of Broderick re, ref. to Audit
& Exam. Com't.
Fiduciary poters:
Applications:
Approved 785 858-9 1010 1047-8 1068 1259 1190
785 859 1010 1048 1190
Held,
Refused,
1010 1048 1190
Refusals of, filing of applications after
several refusals, recommendations of
Com.ittee on Member & State Banks re,
Report Com't. on Member & State banks re,
approved
1241
1311
1312
1312
1312
784
Fiduciary powers: (Con.)
Applications from:
Corsicana, N.B., Corsicana, Tex., appvd.
First N.B., Gardner, Mass., repot of Com't
on Member & State Banks in favor of,
approved.
First N.B., Peterson, la., appl.oved
First N.B., Sheridan, Ind., approved
First N.B., Worland, Wyo., approved
on condition bonds be furnished,
Marine, N.B., Buffalo, case of, tabled
Safety Fund N.B., Fitchburg, Mass. apprvd
State N.B. of Windsor, Vt. approved for
2 special trusts only.
Sykesville N.B., memo re, and approving
FRA Hardy's request for refusal of
application. ref. to Com't on Member
and State Banks.
Victoria N.B., Victoria, Tex. approved
temporarily for sake of certain specific
trusts
Victoria N.B., granted; special letter re
to be sent to Ramsey
Hearings re, before Supreme Court of U.S.,
notice from Counsel re date for, noted
Massachusetts case re,
Intervention in, letter from J.P.Cotton
and memo of Counsel re
Opinions re, of consulting counsel and
counsel of Natl. Shawmut Bank of Boston,
divergence in; matter ref. to Law Com't
Michigan Case,
Lost by Government: letter from Gillett
& Clark of Bay City, stating; ref to
Law Com't with authority, with Counsel,
to bring matter before U.S.Supreme Court
Above letter noted by Exec. Com't.
Notice of action of Mich. Supreme Court
re Board's right, ref to Law Com't.
Memo of Counsel re case of Grant Fellows
vs First N.B. of Bay City, read and
ordered filed.
824
1032
831
1301
1047
1212
1212
860
1128
1047
1077
1276
1199
1211
997
1003
1019
1117
Fiduciary poviers: (Con.)
Revocation of permissionnto National
State Bank of Elizabeth, N. J. to
exercise
Field, Stanley:
Clayton Act, application of:
Letter from David R. Forgan re,
Above letter ref. to Com't on
Clayton Act.
Granted
Hearings, argaments for by D.R.Forgan
Fifteen-day paper
See also F.R.Notes, Protection of
F. R. Bank of Boston:
rate for,
Approval of 3
F.R.Bank of Chicago:
Estab. of 302/o rate for approved,
F.R.Bank of Cleveland:
Estab. of rate for approved
F.R.Bank of Dallas:
Approval of 3i% rate for,
Rate fixed on, letter from Ramsey re,
F.R.Bank of Kansas City:
Approval of 4% rata for,
F.R.Bank of Minneapolis:
Approval of 4',/J rate for,
F.R.Bank of Richmond:
Approval of
rate for mamber banks
Estab. of rate for, approved.
P. R. Bank of St. Louis:
Estab. of 35 rate for approved
F. R. Bank of San Francisco:
Approval of 4% rate for,
Estab. of 4% rate for promissory notes
of membor banks, letter from !Mier to
Perrin re, approved.
Opinion of Counsel re, reported on by Law Comt.
Piles of F. R. Board:
Changes in method of and changes in staff
resulting therefrom ref Com't on Staff
1313
998
1007
1025
1021
969
993
926
987
1001
969
965
1028
926
969
986
997
1214
1020
Files of 2. R. Board.: (Con.)
Executive Committee and Lay, Committee
files re JJLenduaents to Act ta,:en uo and
l'zval of from 1st to d floor
system in new filing system,
r Tort of me.Joers' secretaries re, ref.
to _:;xec. Com't.
744
667
1066
Finance bills:
Acceptnce of certain, lett.Jr o: Equitable
Trust Company re, forwid by J.F.Curtis
1i1
First Guaranty Litate Bank & Trust o., Ennis, Tex:
Entrance into F.R.Systa:a, latter fr.m
of liallas stating a.iplication of re,
1006
First N.1)., Bay City, lAlich:
see
Fiduciary Powers, —icniiian case.
FirJt
B. Boston, :tiass:
Accept up to 10i., letter from V4ing re
power given that b[..,..nk to, coverinc increase in capital and ourplus
Examination of, letter from Wing re supplying
copy of re..:ort of to F.R.Bk. 3oston, discusin
749
753
First N. .6., BirmingiLlm, Alabama:
Iml:iediate credit list of FRBk. of Atlanta,
letter from V1üIis re that uank being
placed on
767
First N. 3., Ca,,e Girardeau, ..:o.:
Deposit of postal funds in nonr.e:c,bor
bans, letter from re
1165
First N.B., Fairfax, OkL,.homa:
Reduction of capital stock, application
of, for, -pproved.
1307
First N. '3., of Gardner, :dass:
Fiduciary po:,ors for, approved.
1032
First N. B., Hinsdale:
Letter from Rich re
1049
First N. B., Lander, Wyo:
Deducticns in remitting proceeds of cneck
collectionsto F.R.Bk. of K.C., made by
1177
First National BsnK Lemanda Park, Cal.
Stock in F.R.Bk. of San Francisco, issue
of 8 shares of, for, authorized
1032
First N. B., Abrrisonville, Ills:
Letter re transfer from Chicago to ot.
Louis District
843
First N. B., New Bedford:
Letter Aikon re report made by, on
Comp's call
794
First N. B., New Brockton, Ala:
Reduction of capital stock of, approved,
869
First N. B„ N. Y:
Clayton act application, delay in ruling
of Board re, requestedby
971
First
First
N.B., Parkersburg, Ia.;
Surrender of stock in F.R.Bk. of Chicago,
application of, re, arTroved,
E. B., Peterson, Ia:
Granted fiduciary powers
1242
831
First N. ,B., Richmond:
5,'; Reserve requirement, inquiry from re
necessity of presentation of passbook in
savings dep. at each withdrawal in order
to retain benefit of; discussed
1029
First N. B., Rochester, Ind:
Request of, re its organization of a trust co.
1181
F.irst N. .3., San Jacinto, Cal:
Reduction in capital stock approved.
856
1:=K
First N. B., Sheridan, Ind:
Application of for fiduciary powers appvd.
1301
First 1. 8., Shoshone, Idaho:
Letter Perrin re filure to forward copies
of reports made to Compel..
765
First N. B., Springfield, Ohio:
Application for fiduciary powers held, but
permitted to act as trustee for bond issue
785
First N. B., t3turgis, Ky:
Permitted to withdraw application for trustee
powers
786
First N. B. Tallahassee, Fla:
Oomplaint re insufficient dividend
870
First N. B. Thompson, Ga;
Letter forw'd by F.R.Bk. Atlanta
898
First N. B. Waverly, N. Y:
Protest of against Bd's requirement that mem.
banks provide funds to cover at par all cks
received from'or for acct of their FRBks.
Ordered acknowledged
789
First N.B., Wnitewater, Wise:
Reduction in capital stock of, letter from
mpr asking approval of Brd re
1135
First V. B. Winnsboro, Texas:
Reductiun in Capital Stock approved
1118
First N. B., Worland, Wyo:
Fiduciary powers, application 'of for approved
on condition bonds be furnished.
1047
First N. B., York, Nebraska:
Deductions in remitting proceeds of check
collections to F. R. Bk. of K.C., made by
1177
Yirst N. ..of Commerce, Hattiesburg, Miss:
Letter re clearing of checks
Same ref. Corn. on Clearing to be discussed
at Boston. Conf. of Goys.
Fiscal Agents:
Rept of Cent. of Goys. re banks as
824
836
1262
Fitchourg, Mass:
see Safety Fund N. B.
Plather, W. J;
Clayton act Application:
Arguments of heard by Board re
directorship in Riggs NB and American
Security & Trust Co., both of Wit. D.C.
Laid on table
Withdrawal of by, due to intention to
resign as director Am. S & T Co.
Fleming, F. W.
Elected director, Kansas City
Flynn, Representative:
Attorneys employed oy Board, reply to inquiry
of, re, approved.
•
Foreign accounts, correspondents and agencies:
Band of ngland:
Application of F.R.B. of N.Y. to open
acct with
Resolution re foreign acct with FRB NY
offered by Warburg and agreed to
Discussion of contract with
Authorization for FRB NY to proceed with
arrangements with
Ratification of proposed contract with,
meeting for to De held Dec.19
Rapt. Exec Co:1 re contract of FRB NY
with road and discussed
Resolution stating Board's action re
above contract
Form of resolution presented and agreed to
1016
1026
1034
1300
971
873
873
1149
1166
1283
1286
1286
1291
Foreign accounts, ccrrespondents and agencies: (Con.)
Bank of England:
Terms of contract to be made with other
FRBs, FRB of NY requested to state;
informed of Board's action
Charles, Heinrich, letter from re appt.
of as agent.
F. R. Bank of New York:
Foreign Branch of, reported on oy Exec
Corn.; tabled.
Foreign operations of F. R. Banks, discussion re
Philippine National Bank:
Applications of to be appt'd as foreign
agency, and rept of arburg re; apprvl.
of application votel; ques. of exam.
discussed,and ref to Exec Corn.
Report of Conf. of Governors re
Foreign corporations:
8tock.ovinership in, discussion of, by Warburg,
in meeting of Advisory L;ouncil with 3rd
1291
1309
1175
1167
1119
1266
984
Foreign Credits:
see also
Acceptance credit to foreign borrowers.
Advisory Council:
Foreign Credits and gold imports sug.ested
by Mr. Harding as topic for Nov. meeting
1133
Form of statement re , and trade, to be
made.to, discussed
1145
Report re amount of, held in the various
districts
1158-62
Austro-American Credit:
Letter fron Consul Breitner read and
reply of Board
1073
Letter to'oecy. btate re Hugo Breitner's
communication re, approved and ordered
sent
1081
Pompeian Oil Co. and representatives of certain
member bunks of 5th Dist, application of
for hearing re, ref. Exec. Corn.
1144
Above application ordred answered, 3rd
or Exec Corn to near arguments
1166
Hearing re, arguments Nathan Lusher and
C.W.Warden.
1181
Foreign credits: (Con.)
Proposed offering of British Treasury bills,
etc. question of, outlined by Governor
1148
in address before Advisory Council.
Statement re foreign credits and gold importa1192
tion presented by Governor, discussed, amnd'd
Revise4 form of approved and ordered
furnished for use in papers 11-28
1194
Publication of in Bulletin ref to
Bulletin Committee
1194
Statement re, and gold importation:
1197
J.P.Morgan & Co. to be notified
History of, o..ltlinel by Gov. in
1252 -3
addret)s to Conf. of Goys.
Foreign Exchange:
Pompeian Oil Co. letter of, re, to Warburg
foreign Securities:
Holdings of, by N.Bs, informal rept of Comp.re
Holdings of by bks in Dist. 1, letter from
Curtis re
Foreign trade:
Gold, importations of.
see also
Ildvisory Council, form of statement re to be
made to, discussed
Situation re discussed. Exec. C,OM4 to prepare
statement for Board re gold importations.
Financing:
Discussion re policy re
Policy of F.R.Bks. re, desire of Brd
for consideration of by Advisory Council.
Secy of State, result of conf. of Harding
with re
Statement Gov. Harding re before FRAgents
Forgan, David R., of Chicago:
Agrumnets of re joint directorships of Jno. A.
Spoor and J.D.Olivor
Clayton Act, application of Stanley Field:
Letter from re.
Letter from re ref. Corn, on Clayton Act
1309
1192
1210
1145
1133
1186
1148
1133
1208
1169
998
1007
Forgan, David R., Chicago: (Con.)
Clayton Act application hearings, arguments
of on behalf Hurlburd and Stanley
Date for meeting of Advisory Council named
as Nov. 20 in letter from
1021
1104
Forgan, James B:
Directors:
Resignation should follow removal from
District, opinion of Advisory Council
re, presented by
Reelection of to Advisory Council announced
985
1303
Forman, H. A., of Buffalo:
Clayton Act application denied. Argument for
by J.M.Van Allen
1052
Fort Worth, Texas:
see American National Bank.
Fourth & First N. B., Nashville, Tennesseo:
see also
J. E. Colwell, President.
Real estate, policy of F.R.Bk. of Atlanta in
purchase of, letter from re,
1143
Fowler, A. L. Jr:
Transfer to filing Division approved.
1035
Fowler, Chas. N:
Debate, invitation from to Mr. Hamlin to
a joint debate on F.R.Act.
997
Funds:
Physical separation of funds of the banks and
F. R. Agents, report of Conf. of Govs. re
Galva, Texas:
Farmers State Bank.
see
Gardin, John E.
Accept up to 100%, letter from, re power of
member banks to continue to
1265
lx.xxv
Gardin, John E;
(Con.)
Dollar Exchange:
Letter from, re drafts drawn to furnish,
with reply of Governor,
Letter from re power to draw drafts for,
in South .e.merica
1049
1126
Gardner, Mass:
See
First National Bank.
Garrett, Robert, of Baltimore:
Arguments of, claiming exemption under Clayton
Act as a private banker.
Private Banker, Oct. 20 set as date for hearing
of re his statue as,
Private banker, status of as; Board held to
former conclusions re.
1077
1069
1080
Gatch, Claude:
Director F.:R.3k. of San Francisco, report of
Com't on Operation re successor to, as
Gatley, Albert S. Cashier, Lincoln, Nebr., Wash. D.C.
Clayton Act application,
Arguments of re directorships
Granted
Statement furnished by, re number of
notes discounted by Lincoln, Nebr. &
Bank of Commarce & savings
Gibson, Arnoldi 6: Co.,
Request to use Governor's name as director
of American Trade Association
. Gidney, R. 1,.1.
Combination of safe:
To deliver to !Jr. Allen,
To deliver to Dulany
To receive from Dulany
•
1017
1025
1022
866
750
797
900
4allett & Clark, Bay City, Y.ichigan:
Fiduciary powers:
Case of Government re, before Supreme
Court of Mich. lost, letter from,stating
Above letter noted by Exec. Corn.
Glass, Carter:
Amendments:
To have corrections in, made before the
the President should sign.
F.R.Notes, printing of at Gov. expense,
notice of Brd's gosition re amendment ro
to be sent to.
Hill bill, copy of, transmitted by, with
request for Board's opinion re. ref. to
Law Com't.
997
1003
897
1245
1276
Gold:
Acceptances against shipments of, letter from
J.F.Curtis and report of Investments Comt..re
Acceptances (bankers) made against gold sent to
Peru, letter from Socy. Curtis of N.Y. re, and
reply approving eligibility of such acceptances
Accumulation of:
Assistance to be given banim re, statement
of Warburg in favor of.
Certificates of deposit of gold, issuance
of, suggested by J.P.Morgan
Policy of Brd re issue of P.R.notes for,
requested by FRAs.
Reply of Board to above request
Report of Conf. of FRMI re
Bank of Switzerland:
Request of F.R.Bk. of Boston to accept
gold of, granted under certain conditions
Bank of the Netherlands:
FRB of NY accepts gold of; file of correspondence between Brd and F.R.Bk of NY
re, to be furnished to FRBk of Boston
Bullion, letter from Cashier, F.R.Bk. of NY
re cashing checks calling for.
Demand for, at Baltimore, letter from Wm. Ingle re
Demonetization of, letter from Chicago Herald re
1258
1204
984
984
1226
1231
1229
769
769
750
1003
1085
Gold:
(Con)Deposits:
F.R.Bank of Boston, conditions under
which it may accept deposits of from
Bank of Switzerland.
F. R. Bank of New York:
Foreign gold, letter from Jay re
acceptance of, and reply of Mr. Warburg
Importations of:
Statement re Board's views re, to be prepared by Exec. Com't., with view of submission to Advisory Council, and later
publication of,
Suggested as topic for Nov. meeting of
Advisory Council by Sr. Harding.
Short-weight, letter from F.R.Bk. of K.C. re
in reserves, matter left to bank.
Certificates:
Amendment re issue of .;100,000:
Vote of Board re,
Passed over
Conf. of Govs. resolution re.
Custody of, letter from Jay re method
of keeping.
Gold Settlement Fund:
see also
Combination of Safe.
Audit of, report re recent
Conf. of Goys. rept re operation of
F.R.Bk. of Boston:
Withholding by, of 4250,000 in weekly
settlements arranged for, upon request of
F.R.Bk. of Minnelpolis:
Requests that F.R.Bk. of Bcstcn be allowed
to withhold up to 4250,000 in Thursday
settlements; arranged with made
Management of:
Recommendation re from special com't.
Report re changes in ref. to Com't on
T. J. Goodwin:
Examiner: Recommended for approval as
Rept of Comet on A. & E. approving
appt. and salary as,
770
1067
1133
1133
1049
1248
1273
1266
1020
1055
1265
869
869
951
1087
912
919
1xxxviii
Gourley,
B: of Paterson, N.J.:
Clayton Act application:
Hearings, arguments of
Laid on table
Granted.
1022
1026
1034
Government deposits:
see also
Deposits, Government.
Governors:
see also
Committee of Governors.
Governors Conference:
see also Conference of Governors.
Graham, A. D., of Baltimore, Md.
Clayton Act Application, hearings, argument of
1022
Greenbacks:
Conf. of Guys. resolution re
Retirenent of:
.Proposed amendment re by Board
1266
Gretna, La.
see Jefferson Commercial & Savings Bank.
Group Insurance:
see Insurance, group.
Guaranty Trust Co., N. Y.
"cceptance credit to foreign borrowers,
part of, in, discussed at meeting of Board
with representative of the company
Delano to ask them for information and data
re circular issued by than
Hackney, Walter S.
Director Class 0
1093-6
election of as
Hall, C. C., as assistant to W.F.:Ramsey, Dallas:
Delano recommends approval of salary increase for
761
1286
776
Hallgarten & Co., N.Y:
Approval of statements of by F.R.Bk. to make
acceptances eligible for purchase.
811
Hamilton, A. L.
Hearing of, Gov. to fix date for
1098
Hamilton, R. A.
Clayton Act, request of for hearing re his
status under, granted and date set.
1081
Hamlin:
Address to be given by, before Mass. State
Board of Trade
Debate on F.R.Act, invitation to, from Chas.
N. Fowler.
Deposits, savings:
Bill of Rep. Hill as to investment of,
held by nat. banks, MB= re submitted by
Hill, Rep. memo Hamlin re bill of
Ohio Bankers Association, requested to attend
convention of,
Vacation from Aug. 17,28,l916
Harding:
Addresses:
Am. Institute of Banking, N.Y.Chap.,
address to be given by, Nov.1
N.Y.Chap. A.I.B., Gov. in address before
October 30, to explain Board's position
re long-term renewable acceptance
Bulletin Com't. empowered to refer to,
in Nov. Bulletin, adding discussion of
policy of Board toward acceptances
Board's policy re French industrial credit
to be explained by, in
Advisory Council:
Address of befbre reviewing program of
present session.
Am. Bankers Association, requested to attend
mooting of at K. C. Sept. 23.
1035
997
756
756
839
840
990
1082
1097
1099
1147
835
Xe
.Harding: (Con.)
Clearing & Collection of checks:
Discussion of by at meeting of Advisory
984
Council. with Board
Lanediate payment:
.)iscussion of by at meeting of Ad984
visory Council with Board
Committee:
Clayton Act applications, suggested as
797
Chairman for, by Warburg.
Conference of Governors:
835
Authorized to attend Boston Conf.
Governor of Board:
834
Designated as
Trip to Atlanta, to leave Nov. 8 and return Nov.15.1119
1259
Trip to Boston, motion re expense of
Hardt, F. M., Cashier, F.R.Bk. Cleveland:
Salary increase for approved
Hardy, Caldewell, F.R.A., Richmond:
Assistant to request of re continuance of
Mr. Cadwallader as tabled.
Fiduciary powers:
Sykesville NB's application for, request
of for refusal of approved in memo re
Kern Ameneiment
Conf. with Board re
Harris, A. W. of Chicago:
Hearing for requested by Geo. M. Reynolds
Harris Forbes & Co:
U.S.Bonds, letter from re disposing of
1285
1277
1128
880-2
1061
765
Harris N.W., Pres. Harris Trust Co., Chicago:
Arguments for B.A.Eckhart re Clayton Act appn
1078
Harrison, G.L., Assistant Counsel:
Clayton Act hearings; invited to attend
1014
Harrison, Geo. L. Assistant Counsel:
Memo relative to bills discounted by F.R.B.
of Chicago, ref. to Mr. Harding.
815
xci
Hattiesburg, Mississippi:
see also First National Bank of Commerce.
Heath, V. A;
Copies of Federal Reserve Act and amendments
requested by
976
Heath, V1. A:
'Directors:
Recannendation of Counsel re circularization of member banks re directors in
business as private bankers, based on
letter from
998
Heath, W. A;
Elected F. R. Agent and director at Chicago
Hemphill, of Guaranty Trust Company;
Acceptance credit to foreign borrowers
present at Board's discussion of policy
re; statements by, re syndicate's
attitude re.
Herring, C. L., Des 1Joines, Iowa:
Recomendations for election of as Class C
director Chicago.
•
1300
1093-6
783
Hides:
Long credits on, letter from Pierre Jay re;
matter approved.
1049
Hill bill: (11.11.15735)
Copy of, sent by Carter Glass, with request for
Board's opinion re.
1276
Rill, E. J. Rep from Conn.:
Investment of savings deposits held by N.B.s:
Memo Hamlin re bill of re
Memo Warburg re bill of re
Rill, -C;alker, of St. Louis:
Clayton Act, letter from re status of his bank
under
756
758
1085
xcii
Hinsdale
see First National Bank.
Holidays:
Christmas adjournment, question re, considered
without action.
Christmas and New Year, voted to close offices
of Board at noon of Saturday before
1260
1257
Hoopes, Vice Gov. of Dallas:
Texas Bankers Com'ts. attitude of re clearing
plan, telegram from re
739
Hotchkiss, H. Stuart:
Delay of In filing application under Clayton
Act approved.
898
Holden, Hale, of Chicago:
Clayton Act application of re Continental &
Cora:lercial N.B., argument by H.A.Wheeler
Decision of Board re above reaffirmed
1039
1040
Holidays:
Thanksgiving; Official business of Board to
be terminated at 1 oclock on Nov. 29.
1192
Hoa2ton, ::utert C., N.B. Examiner:
Salary of:
Request of Comptroller for approval of;
matter ref. to Com't. on Audit & Exam
Report of committe re approved.
754
759
Houston, Tel..:
see South Texas Commercial N. B.
Hoe, H. J:
Clayton Act:
Status of directors of Nat. Shawmut Bank
and Old Colony Trust Co. under, letter
from re
1002
Hoyt, J. H., of Cleveland, O.
Clayton Act application hearings, arguments
for, by J.J.Sullivan
1021
Ruff, C. C., Counsel at Dallas:
Texas Bankers Com't's attitude re
clearing plan, letter from re,
Hulbert, E. D.
Letter from re work of State bank
legislation section A.B.A.
State Banks, relations to FRS,
letter from re
Rurlburd, Charles A., of Chicago, Ills:
Clayton Act application:
Arguments for by D.R.Forgan,
Denied
Hurst, W. L., of Baltimore, Maryland:
Clayton Act application:
Hearings, argument of
Granted
Reconsidered for lir.
vote, and approved.
Rusting, Paul 0., Senator:
Redistricting, Wisconsin banks,
Attended hearing re
Board discusses argument made by
re; Husting to be given names of
6 banks not replying to Board's canvass
Submitted letter from bank In
La Crosse, requesting postponement
of hearing re,
739
1085
1104
1021
1026
1022
1025
1036
826
744
805
XCV
Ickelheimer, Henry R.:
Application of under Clayton Act
904
Immediate payment (or credit) see under
Clearing & Collection of checks
Importers and Traders Nat'l Bank of New York City
"Improved farm lands."
Definition of, asked by Gov. gold
Opinion of Counsel re definition,
approved
publication
recommitted
904
780
869
910
998
1003
Income:
See earnings and expenses
Index - Digest (Clayton Act)
Two additional copies sent to F.s.i.-25. of Phila.
Garter, Jas. N., letter from re use of
766
1129
Ingle, Wm.:
Acceptances of Baltimore Trust Co.,
Clearing situation, letter from re
Gold, demand for at Baltimore, letter from
1189
1130
1003
Insolvent banks:
number of, in last 3 years
971
Insurance Group:
F. R. Bank of Chicago
896
Approval given to for
916
Plan for increase of salaries for,
P.R. Bank of Cleveland
1303
Approval of payment of, by,
P.R. Bank of Dallas
. 1073
Plan for, of employees, approved
F.R. Bank of New York
839
Approval given to for,
022
of,
Increase in salaries of employes
xcvi
Insurance Group: (Con.)
F. R. Bank of New York, question to be reopened
610
F. A. Bank of St. Louis, request of for contract
re
1180
F. R. Board,action of F.A. Bank of N.Y., re,
to be considered in its application
810
question reopened and referred to
810
Com't on Staff
899
Memo. Delano approving
976
Bids for referred to Delano
Insurance activities by national banks:
Lemorandum of Counsel re
Pennsylvania Banking Commissioners opinion
unfavorable to,
Interest:
Inquiries from Kansas, rAssouri and Oklahoma
re payment of over E3'; on cattle loans
Kansas City Uearing House Ass'n, interest
paid by on daily balances
Interstate Commerce Commission:
Suggested that Com'n be asked as to import
rate on certain merchandise
1199
1199
1181
729
88
Iota, La.:
See Bank of Iota.
Irving National Bank, of N.Y.:
Dollar exchange, application of to furnish
action of Board suspended
996
1005
Iselin, ilrthar, of E.Y.:
Clayton Act, motion of hr. garburg that action of Board in case of be rescinded
1064
Issue Division:
See Division of Issue.
xcvii
Jacksonville:
See Barnett N.B.
National Bank of
Jacobson, M.L.:
1204
Auditors Conference at Chicago, attendance of
statebanks,
of
Clayton Act, competitive status
961
ment showing gross deposits of banks
797
on
Committee
application to assist
760
Trip to New York to consult with Auditor FAB
Jarvie, James N., of New York:
Clayton Act application of
granted
1038
1042
Jay, Pierre:
See also under private bankers.
1083
Acceptance credit to France, letter from re
1204
of
choice
re
from
letter
?.A.A.,
to
Assistant
Clayton Act,
1057
applications transmitted by
letter to re, authorized sent to
818
other agents
memo re, requested to supply Board
883
with copies of
letter from, re coming to dashington
905
in connection with
910
consideration of applications under
933
recommendation of re applications
965
data presented by re applications
Competition between New York and Chicago banks 1239
1286
Director Class C, election of, as
1029
Dollar exchange, letter from re in South Am.
1067
Gold, foreign, letter from re acceptance of
1020
Gold certificates, custody of
860-2
Kern amendment, conference with Board re
743
Vacation, darbarg to discuss with
Jefferson, Auditor N.Y. Bank:
Jacobson to go to New York to consult
760
xcviii
;Jefferson Commercial & Savings Bank, Gretna, La.:
Entrance into Federal Reserve system
1006
Jester, L. L.:
F.R.A. at Dallas in the absence of Ramsey
Appointment recommended by Ramsey
799
806
Johnson, Carlisle: (messenger)
Leave extended - par lists work
833
. iashington:
Johnson, C.H.P. of .
of,
holding Natl Met. Bank and Natl
Arguments
Sav.& Tr. not in substantial competition
4p11cation of denied
1170
1173
Jones, Breckenridge:
Proposed letter to re admission of State banks
796
Jordan School District: (Salt Lake Co., Utah)
Bonds of, authorized
835
Justice, Department of:
Exchange charges, complaint of llountain City
Lill Jo., Chattanooga, forwarded by
980
Rains, /a.chibald, Gov. F.R.B. of San Francisco:
Clearing and collection of checks through
postmasters
759
Kansas
Practise of leading banks in re granting pay
to employees in national guard
Kansas City Clearing House Association:
Interest charges by, complaint re
letter Ass't At. Gen. re
report of F.R.A. Kansas
City re
to obtain agreement of
members
761
901
729
821.
798
xcix
'Keets, Samuel H.:
Hired to send out par lists
Kelleher, Daniel:
Branches of F.A. Bank of San Francisco,
Kent, V.P. of Bankers Trust Jo., N.Y.:
Acceptance credit to France
letter from re
833
1302
1093-6
1083
Kern Amendment:
954
Application of, in D.C., opinion of Counsel
967
Applications from Baltimore refused
Chicago, Corn Exchange Kati and
883
Northern Trust
8
on929-49-67consideration of and vote
758
Dulany, memorandum re
filing of, letter Dulany to F.R.A. 772
898
Hotchkiss, H. Stuart
883
of
Co.,
Chicago
Northern Trust
906
upon
action
notification of
875
granting
in
pursued
policy to be
applicadistrict,
San Francisco
967
tion from
876
Committee on named
880-2
Conference of Agents with Board re
905
Washington
Jay, re his coming to
954
of
application
to
L:cAdoo, W.G.,views of as
767
Opinion of Counsel re approved
985
Rulings of Board re
772
re
Wills, letter from
Kiser, F.W.:
1302
Appointment of as clerk, San Fran.,approved
Kitchin Bill:
Lerchant & Evans Co., of Philadelphia, letter
from re
Kitchin, Rep. Claude:
Clearing and collection of checks
1273
804
LaCrosse, dis:
See Batavian
Ladenberg, Thalman & Co.:
Form of statement submitted by, approved
LaFollette, Robert:
Attended Wisconsin Bank hearing
Lander, ayo.:
See ?irst
1049
826
N.E.
-aning, 4,1fred
Transfer of, to Statistical Division
1313
Lazard Freres:
Statement of condition of,
1204
Lee, Higginson & Co., Boston:
Letter of Counsel to re import rate on merchandise
Legal tenders:
Special fund for, and silver, report of Gov's
638
1265
Lemanda Park, Cal:
See First National Bank.
Lenroot, 1. L.:
Redistricting, disconsin banks
Letters;
Copies of, sent to banks and agents, merao.
of Delano re
1211
900
Lewis, Hon. James H.:
Letter from, read
1297
Lewis, Tars.
ry d., Division of Issue:
Recommendations of Committee on Staff
1106
ci
Lexington, Ky.:
Loan thereof authorized for P.R. Bank of
Cleveland
Liabilities:
Federal Reserve notes, resolution of Gov's
Sixth exception as a limitation of liability
covering endorsement of paper
Advisory Council's recommendation re
amendment re, voted on
amendment proposed re, agreed upon
Live stock paper:
F. R. Bank of Dallas, discounting of
Loans:
Competition in throughout the country
Cotton, minimum loan price on
letter Gov.
Harding re
limitation
re
Farm lands, opinion of Counsel
to
make loans
request
F. R. Bank of Cleveland,
to city of Columbus
Covington, Ky., authorized to purchase of
Lexington, Ky., authorized take loan of
Oil paper as collateral, Board not to publish
in Bulletin information re
Promissory notes of member banks secured by
county warrants
Real estate, le.tter from Counsel re
opinion of Counsel re
letter from Curtiss re
Barnett N.B., letter from re
opinion of Counsel re
adopted
national banks, power to loan on
Louisiana:
State Bank Examiner cannot furnish reports
of examinations of State banks
808
1266
1152
1247
1272
1058
1239
979
989
795
1003
775
808
970
1026
1002
1011
1020
1054
1064
1072
1237
917
cii
.1..ouisvil1e, Ky.:
See Branch Banks, F.R.S.
American Southern r.B.
Luce, Robert, of Boston:
P.R. System, letter from making inquiries re
1276
Lyerly, Charles
Land purchases by P.R. Bank of Atlanta
1205
Me.
McAdoo:
Amendments:
Conference re, to be arranged with
Conversation with re, reported by Yr.
Harding
Statement of re his position to the
whole subject.
Kern Amendment:
Views of as to apIlication of
Meeting of Board De. 19 re election of
Class C Directors and contract with Bank of
England to be attended by,
Salary increases due to cost of living, rept
of Com't. on Staff re, to be transmitted to,
for his views.
Suggestions re FRS, letter from R.Babson re,
to,
U. S. Bonds:
Conversion of bonds on behalf of
F.R.Bank of Cuicago to be taken up with
1195
McBride: M. L., of Cleveland, Ohio:
Clayton act application, hearings, arguments
for, by J.J.Sullivan,
1021
11:cCord, Jos.
Gov. at Atlanta:
Chocks of member uanks failing to remit
promptly, letter from, re refusal of,
1100
1261
1260
1287
954
1283
1297
1166
ciii
McCord, Jos. A. (Con.)
Examination of AM. Trust & Savings Bank
of Birmingham, to be made by, with :1‘. :atteg
Forwards letter from First N.B. of Thompson,
Ga. with reply; ref to Clearing Com't.
Inquiry from, Gov. to send information to,
as to what is being done by other FRBks on
the same subject.
Open idarket Operations:
Atlanta Trust Co., request for, forwarded by,
741
898
1111
914
McDougal, Gov.
:Jividend liability in transfer of Wisconsin
banks to 7th District, plan of for settlement
of, favored by 3oard.
Reserves, deficient:
Penalties for, letter from, transmitting
report of Com't of Goys. re methods of
computing and assessing.
U. S. Bonds, conversion of, letter of re
1127
1194
McKee, T. A., of Washington, D. C.
Clayton act application, argudd for, •by himself,
granted,
1052
MOTab, Counsel of San Francisco:
Reserves of State banks, memo of counsel
commenting on opinion of, re best place
of keeping.
1200
1310
Li.
Ilacy, R. H. & Co., N. Y.:
Request percy S. Otraus for permission to
serve as member of firm as well as- director
2d N.B., N.Y.,
Statements of Mr. Straus and 1.1r.
se, on
behalf of Percy S. Straus, re business of and
customers' deposit system of,
780
1168
o iv
4),
Mail:
;1
question of delay in, rept of .;'onf. of Gov. re
1264
Mal-burn, Hon. Va. P., Asst. sect. Treas:
F.R.Notos:
Bureau of Engraving's request re printing
and keeping on hand of minimum supply of,
transmitted by
1180
FRB Phila. letter to, requesting shipment
0,000,000 to SubTreas at lhila, for delivery
to PRA there, approved.
1114
Release of, letter f om re new procedure for
1127
Government Dupooit with F.R.B. of Dallas,
statement of re,
889
Conversion bonds, letter from announcing
shipment of, to the owners
1061
Notes: Redemption of, memo of re cost of
1086
U.S.Bonds: Conversion of 24'.,s during 1917,
letter of re
1104
Mann, Congressman James R.
Amendments, Uarburg reported result of conf.
with, re,
Marine N.B., Buffalo:
Fiduciary Powers, care of, re, tabled
Marshall, Thomas, Vice President, U. S.
FRBk of Chicago, letter re from
817
1212
765
Martin, Wm. LcC. F.R.Agent:
Branch Bank at Louisville, Ky.
Letter from re desire of Louisville
Bankers for,
Directors, re election of, asking inf. re
N. Bis, power of in relation to the public,
report of, re.
Reserve requirements of state Law of Ark.,
opinion counsel re, ref. to, for report,
Eassacnusetts State Board of Trade:
Mr. Hanlin to addrees, on matters relating
to banking,
1035
CV
alatur
ies:
F.R.Bk. of Chicago:
Rates for, of 31 to 60 days, approval
for increase in.
F.R.Bk. of Minneal)olis:
Rates for approved.
F.R.Bk. of St. Louis:
Rate on, of 4% over 90 days and up
to 6 months, approved.
Mechanics & Metals N. B., of New York:
Dollar exchange, acceptance of finance
drafts for, application for permission re
Letter of Warburg to re discussed and ref.
to Exec. Com't.
Proposed letter to, re, authorized; application denied.
763
1237
1144
1074
1080
1086
Meetings:
See also Minutes.
981 114/ 1149
Advisory Council with F.R.Board
Auditors and transit men of FRBks, in
Chicago, Dec. 5, topics for, and attendance
1183
of Mr. Broderick discussed
F. R. Board:
Motions put before, not to require
1107
formal second, informal agreement re
No important meetings to be held during
756
summer without advice to absentees.
Mallen N. 3., Pittsburgh:
Clearing ex Collection of Checks:
Discrimination by F.R.Bk. of Chicago
against pittsburgh checks, report of
17.R.Agent at Chicago re complaint re by
Letter re exchange charges by Chicago Bk
Member Banks:
See also
Examinations.
Reports.
Dividends.
963
904
cvi
'Member Banks: (Con.)
Directors:
Circular recommended to member banks re
directors in business as private bankers;
also re number resigned since passage
of Clayton Act
Above recommendation re private bankers
ref. to Clayton Corn.
indorsement s:
Bernardcholle & Co, letter of re
limitation of
Rediscounts by, with FRBks., press statement Oomptroller re.
Reserves:
Resolution adopted re carrying of, in
FRBks.
Transfer agent, inquiry of PRA Curtiss
as to whether member bank may act as, ref.
to Counsel
998
1007
758
768
924
815
Membership in FRSystem:
see
State banks & trust cos.
Entrance into FRS
Membership in FRS
Mercantile Trust Co. of St. Louis:
Exam of, letter from Broderick re
1211
Merchant & Evans Co., of Philadelphia:
Letter from, re Kitchin bill, ref to
Clearing Com't.
1273
Merchants & Mechanics N. B., of New York:
Status of directors of, ref. to Counsel
1051
Merchants-LaClede N. B., of St. Louis,
Application for fiduciary powers approved.
Merchants Loan e. Trust Co., of Chicago:
Entrance into 711System:
Letter from Chairman Orson Smith giving
reasons preventing.
Letter from re, discussed
786
1003
1077
cvii
erchants Loan.& Trust Co., of Chicago: (Con.)
Status of, under Clayton act considered
1053'
Merchants paper:
Agricultural paper, question whether this
includes merchants' paper for purchase of
millet seed raised by M.B.V,ellborn and ref
to committee on Discount
963
Meredith, E. T.:
Elected director at Chicago.
Resignation of as Class C director accepted
1500
764
Messengers:
See Staff.
Meyer, Charles H.elearing House Examiner, Chicago:
Substantial competition between NY and
Chicago banks, opinion of re non-existence of,
1239
Michigan Banks:
See Redistricting.
Mickley, label:
Leave of absence of, extended.
1297
Miller:
Addresses:
Absent from Oct. 23 to 25 to deliver
address. Expenses to be paid.
1077
Millet seed Paper:
Classification of, ques. of
Millis, Col. John:
Relief funds, letter from re distribution of
Milwaukee Outlying Bankers Association:
Letter complaing of Badger State 3k
Milwaukee, Wisconsin:
See Badger State Bank.
970
1127
865
cviii
Minneapolis, Minnesota:
Bonds of, within 6 is. of maturity,
approved for purchase by FRBk. of Minneapolis
Minutes:
Clayton Act Com't.
Minutes of meeting approved.
1062 1076 1042 1088 1103 1132 1171 1213 1240
Clayton Act Hearings held Oct. 3,4,5, minutes
to be abbreviated.
Approved
Committee on Member & State Banks:
Minutes of meeting Nov. 23 ratified
Dec. 28 approved
Minutes re applications for fiduciary powers
read and approved
Conference of Board with FRAs re Clayton Act,
,ref. to Mr. Miller for approval.
Conf. of Govs. with Board, of, reported back
by Mr. Delano
F. a. Bank of Dallas, directors, of meeting of,
Dec. 21, ref. to Com't. on Operation
F. R. Board:
To be written and indexed in Office of Sec'y.
suggestion of Delano approved.
Joint session of Board and Conf. of Goys" of,
ref. to Mr. 3Je1ano as special com'te
Joint session of FRAs with Board, of, ref. to
Mr. Delano as special com't.
1223
Report of Mr. Delano approving
Mississippi Valley Trust Company, St. Louis, Mo:
Proposed letter to, read, considered and
passed over
Mitchell, J. J., of Chicago:
Clayton Act application of:
Acted on, Mr. Iil1er expressing doubt as to
decision in case of
Approved tentatively until Jan. 1-17
Considered as one of group of applications
of NY, and Chicago bankers
963
1055
1285
1305
1036
1053
1190
1311
1046
886
1298
1303
731
1281
1243
1256
791
1033
1070
1238
cix
Moncure, James A:
Director, Class C. election of as
Reappointment as FRA accepted by
Reelection of as Deputy FRA, recommended
in report of Oom't. on Operation
1286
1296
1277
Montclair, N. J:
Bank of
see
Moore Grocery Company, Tyler, Texas:
Complaint of re exchange charges, memo
Delano re
903
Moore, Joseph Jr:
Letter from FRA Austin re permission for,
to serve on certain directorates
1050
Moran, Paul C:
Transfer of
1313
to office of Mr. Hamlin
Morgan, J. P., Member Advisory Council: .
Gold accumulation:
Certificates of deposit of gold, issue
of suggested by
Kern Amendment:
Rulings of board ro, tendency to keep
banks from entering system .suggested by
Foreign Credits, telg. to be sent to, re
issue of Board's statement re.
Foreign Treasury Bills, action of, re, out—
lined by Gov. in address before Conf. of Goys.
Morgan TruqttCompany, New York:
Letter to in reply to in4uiry in re cattle paper
Request from to publish as advertisement a letter
of the Board in re cattle loans
Morrisonville, Illinois:
First National Bank.
See
Mortgage loans:
Loans, Real Estate.
see
984
985
).197
1253
759
872
CX
Uotions before F. R. Board not to require formal second,
Informal agTeement re
1107
Mountain Cit Mill Company, Chattanooga, Tenn:
Exchange charges, complaint of re, forwarded
by Dept. of Justice
980
Munising, Michigan:
rrants, municipal,
See
F. R. Bank of diinneapolis.
Murphy, David:
Examiner, appointment of as, reco
Comptroller re, approved.
ndat on of
Musher, Natban, of Pompeian Oil. Co., of 3a1timore,
Hearing re bankers' cre,Jits given to
1194
1181
Muskogee, Oklahoma:
See
Commercial National Bank.
Mutual Savings Banks:
Associate membership for
drafted providing for
ovisions to be
1272
N.
Namp4, Idaho:
Parners & Ye chants National Bunk.
see
Nashville:
see
Fourth & First National Bank.
"Nations' Business, The"
question from ref. to Governor
National Association of Credit Men:
Acceptance: Trade:
Correspondence with Board re, ordered filer-
810
National Bank Act:
Changes in sec. 5200, report of Conf. of TtAe re
1229
cxi
National Bank Examiners:
Eeaminers.
See
National Bank Notes:
Reduction in amount outstanding, statement of
Board to FRAs ro proposed amendment re
Retirement of, resolution of Conf. of Govs. re
Supertax on, proposed amendment re:
Considered by Board
Voted on by Board
1232
1266
1271
1245-6
National Bank of Commerce, Seattle, Washington:
Accepts draftS up to 1u05, applicaticn to
granted
National Bank of Jacksonville, Fla:
Acceptances, request of for ruling on,
inquiry from FRBk of Atlanta re
National Bank of the Republic, Chicago:
Dollar Exchange:
Application of, to accept bills on
Australia to create
Form of reply to above application ref
to Governor
National Banks:
see also
1007
1258
1290
Foreign securities.
Insurance activities by.
Charters.
Pension fund for employes of.
Calls:
Call of June 30, advance figures of presented by Comptroller
Deferring of call until after Nov. 16;
memo. submitted to Mr. Harding suggesting;
result of conversation of Mr. Harding with
Comptroller re
FRAs at Cleveland, and Minneapolis, request
they be furnished with complete reports of
as under Comptroller's calls.
Figures as to condition, and interpretation
thereof by a joint statistical dept., letter
of Warburg to Hamlin
771
839
1109
868
755
National Banks:
(Con.)
Calls:
(Con.)
First N.B., New Bedford, letter of
Aiken re report of, on Comptroller's
call; copy call returned to
Form for, presented by Comptroller,
ref. to Exec. Cont.
Rediscounts to be shown as contingent
liability in, opinion of counsel re
Earnings and dividends:
Forwarding of reports re, by, to FRBks;
letter Brennan re; voted that FRBks may
call for reports of such banks as refuse
to comply with request in Circular of
June 15, 1916;
Joint ownership of, and trust cos., bystockholders, discussed
Loans on real estate, power of to make, statement Pierre Jay re; discussion.
National Bank Notes:
Taxation of, opinion of eonf. of :.;ovs. re,
proposed amembnent re
Eational Banks:
Organization of
Farmers 6.: Merchants N.B., Nampa, Idaho,
letter from Perrin re, ref. Comtroller
Woburn, ass., letter of FRA Agent
Curtiss re organization of new NB at
Powers of in relation to the public, report
of FRA Martin re, at Conf. of FRAs
Savings Department:
'Passbook presentation in in order to retain
benefit of 5%. reserve requirement, inquiry
of First NB of Richmond, discussed
Savings Deposits:
Investment of, Hill bill request of
Carter Glass for Board's opinion re
Investment of, memo Hamlin re
Warburg re
Stockholders, power of to levy assessm nts and
vote to liquidate national banks, question of
relesing for Bulletin opinion of Counsel re
794
1282
911
748
1196
1.07
1268
1048
1191
1217
1029
1276
756
758
789,
'National City Bank of Chicago:
Otte, Vice-Pres, of; matter
Letter from A.
ref. to Law Committee
13.44
National City Bank of New York':
Branches, foreign:
Application to establish branch at
Petrograd with 10 sub-branches approved
By laws of bank covering, presented with
memo counsel requesting copies of financial
statements of branches.
Formal aauthorization establishment of
branch at Petrograd
Statements of condition of branches furnished to Brd. ref Corn' on A&E
Clayton Act:
Application of 11 directors to serve also
as directors of Farmers Loan & Trust Co.,
of New York, considered.
Dollar Exchange:
Authorized to accept drafts to create,
in Latin America.
1165
National Herkimer County Bank:
Dividends payable to, letter of J.F.Curtiss re
1224
National Wiawmut Bank, Boston:
Clayton Act, status of directors of, under,
letter of H.J.Howe, re
Fiduciary powers, difference in opinion of
counsel ro pending suit re
1002
1211
Natiohal Silk Association:
Acceptances, trade, request of, for further
information re
1196
National State Bank of Elizabeth, N. J.
Revocation of permission granted to to
exercise fiduciary powers
1313
732
773
724
822
932
exiv
-New Bedford:
See
First N. B.
New Brockton, Ala:
First N. B.
See
New Orleans:
See Citizens Bank & Trust Co.,
New Orleans Branch, F.R.Bk. of Atlanta:
Relations between officers of, and other
officers of FRSystem, question of, discussed
Situation re, outlined:at discussion of
branch banks in joint session of Board & FRAs
1234
New Orleans Clearing House:
New Schedule of Charges
1206
letter from, stating
New Orleans Representative of F.R.Agent,
Letter from James E. Lunts re proceedings against
New York Times:
Reports of FRAgents on business conditions, report Com't. on Bulletin re complaints made re
printing of in
Newcomer, Waldo:
Clayton Act:
Testimony of on behalf of directors
in common of 3 Baltimore banks
Nicholson, Harvey:
Dropped from rolls of Board
Leave extended - par lists work
Leave for, matter ref Counsel
Ninth National Bank, New York:
Letter ref back to Warburg to act with Compt.
Norris, George W.
Resignation as Class C director at Phila to
serve on Farm Loan Board
1128
1209
921
1039
910
833
980
1243
823.
CXV
Northern Trust Company, Chicago, Ill:
Kern Amendment, applications of directors under
Notes:
Fanners' grain elevator cos. letter of
Counsel re rediscount of
F.R.Bk. of Chicago;
Dedham Mass, rJquest of FRBk to purchase
450,000 notes of Town, approved
F.R.Bk. of New York: ,
Chautauqua Institute opinion Counsel
re note of, held by,
F.R.Bk. of Philadelphia:
Atlantic City, 4100,000 of 4% notes,
,
FRBk. authorized to purchase
Real Estate Security, letter from Curtis re
extension of notes based on.
Redemption of, memo. of Asst,„ Secy. Malburn
re cost of, ref. back to Com't. on Issue &
redemption.
883
911
794
822
813
1020
1086
"Totes Rediscounted":
Definition of, communication from Counsel re
1018
Noyes, Prank B., of Washington, D.C.
Clayton Act application:
Arguments for by Jno. Poole, re directorship in Am. Security EL. Trust Co. and Federal N. B., heard by Board
Laid on table
Letter from, re,
Vote of Board to deny application
1016
1027
987
1034
0.
Oberlin:
Bonds of, authorized for purchase by FRBk of
Cleveland, Ohio.
775
0Cden City, Utah:
Designation of as reserve city.
837
cxvi
Ohio Bankers' Association:
Hamlin requested to accept invitation to
convention of, at expense of Board
839
Oil Paper
Board not to publish in Bulletin information re,
as collateral for loans
970
Oklahcas, Banks:
letters re dividends of, ref. to Harding 6Delano as special ComI t.
1244
Old Colony Trust Co., Boston:
Clayton Act, status of directors of, under
letter of H.J.Howe, re
1002
Olean, N. Y.
see
Exchange N. B.
Oliver, J:
Clayton act application of:
Approved tentatively
Argument by Forgan on behalf of
Considered as one of group
Olsburrow Company:
Payment to authorized for work on par lists
Open :...1arket Operations:
Advisory Council's discussion re
Atlanta Trust Co. request for
Opinions of Counsel:
.ccept, power to
Anglo & So. Am. Bank, power of agent of
Accept up to 10*
Form of authority to, governs whether same
governs increase thereof,
Acceptances:
re read, approved and released
amith.& Etheridge, report of Law Com't
re opinion re acceptances of
1069
1169
1236
833
1153
914
1216
780
795
1214
cxvii
'Opinions of Counsel:
(Con.)
Acceptances:
(Con.)
Social Circle Cotton Mills, re certain
acceptances of,
Acceptances, Member Bank:
re, ref. to Law Com't.
Points re, raised by member banks, re
Power to make, re,
Acceptances, Trade:
Re, ref. to Law Com't. lir. Hamlin to
act as sub-committee
Bills:
Vantine, A. It., re bill of drawn on itself
by Mitsui branch
Bulletin:
Opinions authorized for use in
suggested for use in ref Law Com't
for Sept. issue ref to Law Com't
Clayton Act:
Application of in D.C., re
Trust co owned by stockholders of a
national bank, re status of directors of
Clearing of checks:
,Tayable in NY Exchange at current rates"
Deposits:
Non-member banks', re ref to consulting
councol
Nonmember banks; right of FRBks to
receive, report Law Comet ro opinion re
Time certificates of, opinion re definition of,
Directors:
New Orleans Branch, re election of,
Preferential voting for, re
Status of In eRBk:: of Boston affected by
transfer of territory to NY, re
Dividends of member banks, transferred from
district, re payment of accrued, adopted
Examiners:
Salaries of, opinion re, ordered circulated
1073
1101
1090
1143
1197
822
1186
773
838
954
1053
825
1106
1214
1073
1299
1032
1064
1100
778
cxviii
Opinions of Counsel: (Con.)
Fifteen day paper:
As collateral to protect FBNotes, re,
ref to consulting counsel
Report of Law Com't re opinion re
"Improved farm lands", re definition of:
Ordered circulated for approval
Approved,
Ref. to law Com't. for consideration,
including question of its publication
Ref. back to Law Com't.
Endorsements:
Of paper for rediscount by FRBks on
separated perforated slips, re, ref.
back to Counsel
Perforated slips, re
On separate pieces of paper, re:
Ordered circulated for approval
Ref. to Law Com't.
Of paper, re, approved.
Kern Amendment:
Application of in D.C., re, presented
and ref. to Com't. on Law
Approval of, re,
Law Committee, to be submitted to before
submission to Board
Loans on:
Farm lands, re 105 limitation imposed by
SOC. 5200 as, to be made subject of
amendment
Real Estate, re, to be transmitted to
Barnett N.B., of Jacksonville
Real Estate by small bunks in reserve
cities, re, adopted,
Real estate in cities, ro
Above adopted as action of Board
to be published in 3ulletin if
desirable
Notes:
Chautauqua Institute, ro note of, hold
by FRBk of New York
Farmers grain elevators, eligibility for
rediscount of notes of, re,
1106
1214
869
910
998
1003
788
823
869
911
1098
954
767
871
795
1054
6
31
1,
(0
1)
1072
869.
cxix
(Con.)
Opinions of Counsel:
Private Banker:
Definition of, re, released for use
in reply to inquiries.
Above discussed
Rediscounts;
Lndorsement of paper for, by FRBks. on
separated perforated slips, re, ref. buck
to Counsel
Shown as contingent liabilities, re, ordered
circulated for approval
Above approved.
Reserves:
Requirements of State law of Ark., re, ref.
to FRA at 'it. Louis for report.
Stockholders; question of releasing for Bulletin
opinion re power of, to levy assessments and
vote to liquidate banks
Surety Bonds:
FRAs', re revision of, every 2 years, ref.
to Delano as sub-committee
FRAs 1 reviewing bonds of, re
warrant a:
Alabama warrants, informal, re,
Massachusetts municipal, re purchase of,
approved and ref to Bulletin Comit.
Orders:
National City Bank Branch at Petrograd, with
10 sub-branches, authorizing.
Wisconsin Banks, formal, re appeal of,
987
996
788
869
911
788
789
1167
1143
1135
1212
733
1062-3
Otte, A.T., Vice. Pres. National City Bk. of Chicago:
Lotter from; matter ref to Law Comet.
Owen, Robert L., Senator:
F.R.Citiep:
Bill introduced by Senator Smith, of Md.,
giving Board pmer to change, sent to Brd by
Report of S. 6483, letter presented by Harding
to, re request for, approved.
1144
790
796
4
CXX
P.
Palmer, Leslie R. (Director FRBk. of NY):
Name used in advertising of film corp.
Paper:
See also List of Firms, etc.
Agricultural paper.
Cattle paper,
Commercial paper,
Commodity paper,
Cotton paper,
Discounts,
Endorsements,
Llaturities,
Ten-day paper
Rediscounting.
New Orlaans Branch:
Desire of to accept Citizens Bank &
Trust Co.'s, of Now Orleans,
Par Checks
Par Collection):
See under
670
1160
Clearing & Collection of Checks.
Far Lists:
Compensation of help hired to send out.
Conf. of Golfs. recommendations re
Cost of sending to be assOssed against bks.
Ordered sent from laashington to all bks.
Reports of printing and sending out of
Supplement:
F.R.Bk. of Atlanta's view re
Inquiry made of FRBks as to preferr. d
date of issue of - whether Doc. 1 or
Jan. 1
832-3
1263
903
817
825
1134
1129
Park Bank of Now York:
Uncollected items in hands of F.R.Bks.,
letter from re counting of, as reserve
1089
Parker, V;m. R., of Missouri:
Examiner, recommendation of Comptroller re
1117'
.Parkersburg, Ia:
First National Bank.
See
Partridge, George H., of Minneapolis;
Elxchange charges at Minneapolis, letter from re
1190
Peabody, George Foster, Director, F.R.Bk. of N.Y.
Bond of, question of to be discussed with Jayby 1Jarburg
- Compensation of fixed during absence of Jay
iot es:
Application for, for FRBk. of 1, approved
• 744
744
766
Pennsylvania Banking Co%imissioner:
opinion of,
Insurance activities of
D.0„Va11s
by
unfavorable to, transmitted
1199
Pension fund for employes of national banks;
letter re, from R.O.Pruyn, of Albany,
do
1257
1290
Peoples Bank of Sardis, Ga:
Application for Llembership disapproved
Peoples' Money Leaale:
Letter from, and reply to, read and filed,
Peoples National Bank, of Charleston, S.O.
Granted right to accept up to 100%
:Veople's Trust & Savings Bank, Clinton, Iowa;
Application: of, for admission to F.R.System '
Examination of, matter re Auditor of State of
Iowa furnishing copy of,
l'eple, Chas. E., Deputy Gov. at '2,ichmond:
Rate on promissory notes, letter re
Perrin, John, FRA at San Francisco:
Agencies in Twelfth District, letter from re
establishment of
Appointment of J.L.Reed as Act'g. AsOstant
to for 2 weeks from July 1, approved,
809
1297
829
1283
_1175
917
1117
739
:.:Perrin, John: (Con.)
Assistant to, telegram from re & reply
Draft of letter to and com't report thereon,
tabled (re foreign agency Philippine N.B.).
Examinations of member brtnly, letter of
Comptroller re views of, re, rof. to Com't
on FRBk. of San Francisco,
Remarks by, report of Comet. on Operation of
San Francisco Bank re letter from Comptroller re
Remarks by, draft of letter to re tabled
Rept presenting draft of letter
to re tabled
1145
Peters, Assistant Secretary:
U. S. Bonds, coversions of, letter of Coy. Seay
to re, ref. to Mr. Delano.
1225
1295
1119
1103
1111
1140
Peterson, Iowa:
See firnt rational flank,
Petrograd, Russia:
National City Bank authorized to open Branch
with 10 sub-branches, at
733
Philippine National Bank,
qp,e under Foreign accounts, correspondents & agencies.
Pittsburgh, Pennsylvania:
Mellen N. B.
See
Pomerene bill:
Permitting country banks to keep ith reserves
in banks within radius of 100 miles, incorporated
into amendments by Senate.
Pompeian Oil Co.,
Foreign bankero' credits, application from for
hearing re
Abe -ve application ordered answered
Hearing re above given to Mx. Musher and Warden
Foreign exchange, letter from re, ref to V:arburg
783
1144
1166
1181
1309
•
Poole, John:
Heard by Board as Counsel for F.B.Voyos re
directorships of latter
1016
Poet Office Department:
F. R. Notes, opinion of Chief Inspector of
re shipment of,
893
Postal Funds:
Deposit of, in non-member banks, letter from
First D. B., Cape Girardeau, To.
Postmas ter General:
Authorization of postmasters to collect checks,
resiution that desire for, be presented to
Suepension of order that postmasters collect
checks, request of Board for,
Deposit of postal funds in nonmember banks,
letter from First :rational rank of Cope Cirardeau
no., to be sent to, with suggestions,
Postmstern:
See under Clenring
e
Collection of
Prentis,
Lxaminer:
. Recommended for approval as
Report of Com't on Audit & inceM approving
appointment as, and salary
779
803
1165
checks
B., Division of Issue.
Potter, Mrs..
Permanent position for, recommended in report of
Committee .on 6taff, wote re,
Temporary appointment of to be approved for anothar
month, motion of Ddano
Lxtended for August
October
Rept Com't re
Preside - t of the United states:
Amendments:
Requested to deiay signing
Requested to sign
1165
1106
731
814
1001
1011
912
919
897
905-b
criciv
•
Press LAate=lents:
Lece)tanee (Domestic) business, no statement
to be made yet re name
1100
ilcceptance credit to 1'orei3n borrowers:
isdom of statement re discqssed
1UU3-6
Additio:) 1 announcement re considered
1093-6
Clayton et:
AzendlLonts, re,
755
Decisions reached re enforcement of,
gizestion of publication of
1031
a;rton .act A'tpplications:
Delay in i,:sue of, ap...)loved, because of
probability of appeals
972
Tentative approval of cort in cases, re,
to be issued later
1070
ork of Board re, memo *;;arburg for press re
964
vork of Board re, propooed Ltatement ra
considered; definition of ,f3tandard
dizeuosed.
9b6
Clearing &• Collection of checks, re,
781
Commodity rate at 21113k of ninn, re, orders
106b
FRA's inquiry ,s to possibility of telegraphic
notice to them re,
1220
'..eL.;ly of Board to Ipove inquiry
1233
Foreign crodits, re,
Presented by Governor, do.::cussed, =ended,
1192
Ilublication of in Bulletin ref to Com't
1194
Autiorized for use in pa)ers Ycv. 28,
1194
J.2.:,:or(rar t Co. to be nptifled of,
1197
Hio4:orz; of, olined b by, to Conf of Govs 12!)2
Gold importations, re, to be prepared by axec.
Committee for submission to .idvisory Council, etc. 1133
kern ,,mendment, re, approved,
70d
Private Banker, definition of, statementro
authorized for Oetcb-or 7,
1031
Rediocounting, statemeat of Comptroller re increase of,
7b8
aedistrictine:
nisconsin banks, report of Jom't ru transfer
of to Chicaf;o Clot., adopted, to be ioseo. re 1043
U. -. Bonds:
.'irchase and coversion of
s, re, to he
prepared and issued,
1129 '
(:;=.V
.erice, Theodore, (Nev. York).
Letter inclosing letter G.
criticit-Ting cicarinc: plan,
Flogers,
'Primer" in ':iorking of FEAct suggested by Comp.
Private Banker:
Clayton
Lpplications granted on ass'mption that
director was not a private banker,
Definition of:
ln.juiry from 2ierre Jay re
Opinion Counsel re, wlth telegram to
Jay released for us,: in repSy to queries,
Opinion Co'insol -J, discussed
Disc.,ssed, :ritt Jay & Curtis present,
Jay, 2ierre, views cf re, ezpressed in
ce-tiera2 di-usion re, with Bo-rd
Lotion of Board re to precede decision ro
circular letter to member b.,..nks re directors
in business as private b-nkurs.
Counsel re modification of
.2ress stateT.nt re, authorized
te1e72-m from re, pre!ented and diz,c.
rectors of me-...-tur banks in business as,
uasted circular letter re,
stion ref. to Corn. on Clayton Act
4bov
Letter frol:. Bosworth .re,
Garrett, I',01-rt, E: coons, of Baltimore, Beard
held to former conclusions re status of
110;irin,7,-8 71%.- status as:
Alezander Brown & ono, of Baltimore,
arglmsnts of,
Garrott, a.tt. , or Baltimore, Oct.
set as date for h2arir.c.,. of re
itbove h-aring held
:
--otraus, 2erc,; 6., of EY, request from for
presented; Gov. to fix date for,.
roL.tor, rational Bank 4xaminer:
Appoiztsont of, approved,
,qomissory rotes:
6eo also
Fifteen day paper.
902
119b
1043
971
987
99b
1014
1015
1018
1029
lo31
1037
996
:7,98
1007
1018
1080
1080
1069
1077
1090
1297
cxxvi
HI
Promissory 1:otes:
Collateral security to protect PRRotes, question of FRBk of Dallas re acceptance of
promissory notes made directly in favor
1006
of Bunk as
Discount rates on of member banks when renu4ed
1008
inquiry from Ramsey re, considered
i. R. B4nk of Atlanta,
Rate for, ap)roved,
962
L.".R. Bank of Dallas:
Progressively increasing rate on, of member banks, letter from Ramsey re,
998
2. it. Lank of Philadelphia:
986
Approval of 3
rate for,
e. xt. Ban. of Richmond:
Lstablishmerlt of rate for, not to exceed
15 days, letter from Deputy Gov. Peple re
and r.:ply of Secretary.
917
2. L. Ban4•. of Qt. .Loalis:
Approval of 3,5 rate for, not over 15 days 1303-4
F. R. Bank of an Francisco:
2,stab1ishmer.t of 0 rate for lb-day member banks', letter re Lliller to Perrin,
997
approved,
Security fcr, of member banks:
Inquiry of F.R.Bk. of Dallas re county
warrants as
1006
Letter from Counsel re county warrants as,
stating no authority for such 1oac i,given,
1028
approved and ordcred printed as ruling,
Pruyn, R. O., of Albany:
Pension fund for employes of Y.B.c, letter from re 1257
1290
do
Publicity:
..:'.R.Bank of San 2rancisco:
Ilee.“or stated by Perrin at session of
Agents with Board
Report Committee 2R.As appointed to. consider
Rich requested to take up with zanks.
1222.
793 •
813
puncher, J. H.
Letter from re work of State Dank legislation
section A.B.A.
1086
cxxvii
Quarters of 2. h. Board:
Report re, Secy. directed to make
Special report re, ref. to special com't.
on quarters and ordered circulated.
Report re, laid before Board and filed.
1020
1119
121b
R.
Ramcey, J. B., of Baltimore.
Artuments of, re status of Alex Brown 6.- Sons
as private bankers.
Ramsey, W. F.
Accept up to 10q10, letter from re,
Acceptances, holding of bank's own, letter of re,
In reply to letter of Board.
A)pointment of L.L.Jester at ;25 a day, letter
from recommending.
Assets, definition of under Sec.13, letter
from re,
Clearing & Collection of Checks:
Cost of handlin6 collection items,
report of re,
Items cleared at Dallas, letter from re No.
Currency shipments:
Letter from re,
Fiduciary powers for lictoria N.B., special
letter re, to be sent to.
Fifteen Day Paper:
Eligibility of, behind P.R. notes,
opinion of, re.
Comments of Mr. Harding re above opinion
Rate fixed on, letter from re,
Letters from on various matters ref to Board
by Exec. Comit.
Promissory notes:
Of member ty_nks.
Rate on when renewed. Inquiry from re
Progressively increasint, rates on,
letter from re,
1080
963
1204
806
108b
110b
1004
1002
1077
1098
1116
1001
1004
1008
998
Ramsey,
F. (Con.):
Rediscounting:
Defin141Ju of term "rediscount" in
connection with paper presented to
protect reserve notes.
Reserves, deficient, oenalties for, letter
from re,
Report of, re,
Salaries C.C.Hall & R.D.Thurston, Delano recommends that recommendation of, re, be approved
Salary increased to $9,000.
Situation at Dallas to be discussed with by Gov.
Vacation:
Authorized; Jester appointed Agent in his
place.
Harding to arrange with, for performance of
Agent's duties during,
Rates:
See
1004
1002
1105
776
807
91b.
799
780
Acceptances, bankers,
trade,
Agricultural paper,
Commercial paper,
Commodity paper,
Discounts,
Loans,
Maturities,
Open market,
Promissory notes.
Real Estate:
See also under Loans.
F. L. Bank of Atlanta',
Policy of, in purchase of, letter from
Fourth E: First N.B., of Nashville, ref
to Governor
Rediscounting:
See
Also
Notes.
Contingent liability in condition reports,
opinion of Counsel that redisc. by F.R.
Banks should be Shown as, approved
Definition of in connection with paper presented to protect FRNates, letter from
Ramsey, re.
1143
911
•
1004
,Rediscountine: (Con.)
Discussion re factors in makinu rates of at
joint session of Board vith FRAgents
:14adorsement of paper for, opinion Counsel re,
on separate perforated slips, ref. back
to Counsel,
F. ii. Bank of Boston:
Letter Aiken re p-rticipatioL in, for
P.R.Bank of Dallas,
F.R.Bank of Dallas;
4uetion of, for, taken up with FRBk.NY
F.R.Bk. NY & F.R.Bk. Phila, to, for,
F.R.Bk. Boston to participate in, for,
Prompt rediscol„nting ,:ith other bunks
to be arranged for, by, following discounting of live stock paper up to 20,,,
of its assets.
F.R.Bank of New York:
Question of, for F.R.Bk. of Dallas,
Rediscounts at, Dec.6, letter Treman re
F.R.Bank of Philadelphia;
Prepared to make rediscounts for F.R.Bk.
of Dallas,
Liability, rediscounts by member banks of bills
of exchange and acceotaLces to be excepted
as, vote of Board re amendment re,
Press statement of Comptroller re,
Resolution authorizing Exec. Comit. to arrange
for, or reluire.
1235
788
899
889
890
899
1058
689
1242
895
1247
766
890
Redistricting:
Directors, sttus of (in F.R.Bk. of Boston) affect
ed by transfer of territory (to N.Y.) opinion
1064
of Counsel re,
Banks:
Wisconsin
of
Transfer
Dividend Liability re
Letter from Governor old re assumption of;
1191
decision re.
1257
of
ent
apportionm
re
Vold
Letter Gov.
1301
Com't
Law
to
ref.
re
:kad
Letter Gov.
Settlement of authorized by Board, favor1310
ing plan of Gov. McDougal. ,
F. R. Cities, bill introduced by Senator
790-2
Smith giving Board power to change.
Redistricting: (Con.)
Illinois Banks;
First N. B., Uorrisonville, Ill., letter
re transfer to St. Louis Dist.
Lichigan Banks:
Letter from auditor Townsend re desire of
for transfer to 7th District.
Report of Com't. that transfer of to Chicago district be denied
nsconsin Banks:
Arguments of Senator Husting re transfer of
to 7th District.
Delano to confer with Nold re transfer of,
'Ang, Pres. Batavian N.B., LaCrosse, Wis.,
telegram of re transfer
Reports of, desiring transfer to 7th Dist.
presented by Comptroller.
Discussion re transfer of, to 7th Dist.
Petition of, re transfer; motion of Hamlin
for reopening, review and granting of, lost
by vote two to two
Reopening of petition for transfer of, to
7th Dist., on Aug. 8, voted.
Hearing re transfer of:
Postponement of, letter submitted by
Senator Husting from bank in LaCrosse
requesting
Press statement re authorized
Record of to be transmitted to Delano
.iarburg and no action taken thereon
until they should be heard from
Held.
Continuation of
Linutes of ref. to Delano
Petition of, re transfer; members of Board
in Jashington on Aug. 8, 1916, authorized comit to hear
Action upon deferred until October
Report of Com't that transfer of, to Chicago
dist. be granted
Report of Com't adopted, to be effective
Jan. 1, parties to be notified and
press statement issued.
823
799
1032
744
744
782
792
798
798
801
80b
811
818
826
828
834
818
90b
1032
1043
Redistricting: (Con.)
Wisconsin banks: (Con.)
Order re appeal of,
Details oz transfer of to Chicago Dist.
letter of ,old re, ref. to Clearing Com't
Report of Com't on above transfer that
details had been arranged.
Report Clearing Com't re above
10b2-3
1100
1131
1211
Reed, Jay L., Actg. Asst. F.R.Agent, San Francisco:
739
Appointment for two weeks from July 1,
1302
approved
aid
FRA
clerk
to
at
S.F.,
of as
Regulations:
See
Circulars, regulations
eta.
Relations:
See
Committees:
Relations with Question of, between Board, F.R.Bks. and FRAs
discussed
Relief funds:
Distribution of, letter from Col. John Millis
re, ref. to Com'. on Relations with Treasury
Reports:
See
Examinations,
Reserves, reporting of,
Weekly statement.
Business conditions,:
Advisory Council's report re,
FRAs' reports re, at joint session with
Board
Release of, report Com't. on Bulletin re
date for
Comptroller of the Currency:
Weekly note reports, slight Changes in
Condition:
National Banks.
See also
Calls.
Form of statement of, for use in addressing
Statistical Division, altered.
1009
1127
also
11b8-62
1218-22
921
1051
1275
Reports: (Con.)
Condition: (Con.)
Form of statement for daily, to Statistical Div. revision of, approved.
1294
Earnings & dividends:
Duplicates of reports of, to be mailed
F.R.Bks. letter of Brennan
748
F. R. Agent at Kansas City:
report of ref to Com't. on Operations
1068
F. R. Agents:
Annual reports of, drafts of, to be brought
1009
conference beginning Dec. 4,
Date for, to be in hand, telegram from
1086
Perrin re, reply.
Form of request for information from to
be revised
1130
Methods of. Letter from Jay re difficulties,
inclosing letter from Campt'r re 2d N.B.
Somerville, N.J. Com't. on member banks
to revise form of request for informa1130
tion from F.R.Agents,
First N.B., New Bedford:
794
Letter Aiken re report of, on Covtr's call
First.National Bank, Shoshone, Idaho:
Letter Perrin re failure of, to furnish copy
765
of report to F.R.Bank.
National Banks:
1018
Items required in, letter Rich inquiring re
Statistical Statements, new farm of, put into
effect by Com't on Issue & Redemption(12-23)
Reserve and Central Reserve Cities.
Ogden City, Utah, designation of, as reserve
city ref. to Executive Committee
Report of Com't of Conf. of Govs. re,
837
1268
Reserves:
See also
F. R. Notes, Reserve.
Gold Accumulation.
Advisory Council's discussion of conditions of
Same
981-3
1154-8
Reserves:
(Con.)
Advisory Council's November meeting, policy re,
to be pursued by banks, sugLested by Mr.
1134
Warburg as topic for,
Amendments:
1245-6
FRAs plan re, vote of Board re, adopting
Increase of member banks' with FRBks,
1270
re, considered
1292
Same
Pomerene Bill re, of country banks inc.
783
in amendmnts by Genate
Report of amendment changing status of
reserve halances and providing for V%
1292
till money cash requirement, agreed on
Amount to be carried by F. R. Banks, views of
1226
Board re policy re, requested by FRIs
1230
request
Reply of Board to above
Arkan,,as requirements re, opinion of Counsel
785
re, ref. to F.R.A. at t. Louis for rept.
1176
Broderick
re
of
re,
memo
Banks'
reports
Country
Deficient, penalties for:
Committee of Governors report re method of
1127
computing.
1263
Conf. of Govs. report re
868
Gov's recommendation re
Income likely to be received from, in
1013
Richmond District, letter of -eay re,
1002
Ramsey, letter from, re
1105
report of, re, discussed
1012
Rate to be charged, ref. Comt on Clearings
Rate to be charged,inquiry re from Broderick
1127
and proposed answer
Excess:
To be deposited as vault money with FRBk.
Advocated by Mr. 4;arburg before
984
Advisory Council
quest ion of Board re methods of encouraging
1149
and reply of Advisory Council
Five percent reserve requirement:
Passbook presentation in savings dept.
in order to retain benefit of, inquiry
1029
from First T.B. of Richmond discussed.
cx.)ociv
Reserves: (Con.)
Gold, shortweight gold in reserves, letter of
F.R.Bk. of Kansas City re,
Optional, memo of Counsel re discussed
Payment of, form of latter re forthcoming
payments. authorized
Policy re to be pursued by banks, suggested
by Warburg as topic for Nov meeting of
Advisory Council
Pomerene Bill, permitting country bamks to
keep ,1; reserves in banks within radius
of 100 miles, incorporated in amendments
Readjustment of reserve balances:
Amendment re, considered
Board
Conf. of Govs. opinion re
Plan re, reported on by FRI Curtis
Reconciling reserve accounts:
Draft of letter of Comptroller re,
ref to Exec. Com't.
Method of, correspondence re, tabled
question re, presented by ry Bk. presented
by Governor to Conf. of Govs.
Reporting of member banks':
Memo of Broderick re, ref :d1xeo. Com't.
Memo of Broderick re to be sent to Gov.
McDougal, with statement of Board's
opinion re recommendations in,
Resolution adopted re, of member banks to be
carried in F. R. Banks
State banks', memo of Counsel re opinion of
Counsel ...clirab of S.F. re best place to keep
Transfer of, final:
.,
recommendation that
Advisory Counel's
law be amended to advance date for
Amendment re, already introduced
Amend:flent re, voted on by Board
Amendment re, considered by Board
Conf. of ?Rs' report re date for,
Statement of Board re, in reply to
Conf. of FRAs.
1049
1180
1097
1134
783
1270
1268
1217
1240
1290
1255
1194
1200
924
1200
1152
1232
1245-6
1270
1229
1232
Reserves: (Con.)
Transfer requirements, conditions etc., of,
1154-8
discussed by Advisory Council
Uncollected items in h,nds of FEBks, letter
from Park bk. of NY re counting of, as,
1089
present practice re not uniform,
Vault money - see .--.1so Excess.
1232
FRLs' plan to abolish, reply of Board re
of
Conf.
of
resolution
as,
F. E. notes
1266
Govs. re
Bk.
F.R.
with
item
one
as
To be reported
balances, member banks glad to take
advantage of new reserve provision
if this is done; Comptroller's position; Board's appreciation of his action
1105
"Revolving Credits":
Acceptance credits.
See
Reynolds, George L., of Chicago:
Clayton Act application of B.A.Eckart, letter
from re
Hearing for A. V. Harris requested by
Rhoads, C. J., Gov. of F.E.Bk. of Philadelphia.
Directors, Class C:
Zarburg asked for report from, re availability of J.H.Whiteman & H.B.Thompson as
Letter from, reansmitting letter from Gov. beay,
ref to La: Committee
Rates:
Acceptances, commercial and commodity
paper, telegram from re, on,
U.C.Bonds: Disposing of 30-year 3s held by
F.E.Banks, letter from re, to Delano re,
Rich, John Hs
Charters, applications of national banks for,
report of, re,
First r.B., Hinsdale, letter from re,
Publicity, to take up matter of, with FT-,Bks
1044
1061
757
1309
730
765
1217
1049
813
cxxxvi
Rich, John Hs
(Con.)
Reports of N.B.s, letter
required in,
Salary:
Increased to $9,000
Letter re
Richmond:
See
om re c
amn
ems
1018
807
792
First National Bank.
Rieman, F. R.
Accompanied Robert Garrett of Baltimore at
hearing of latter as to exemption from
Clayton act rulings
107?
Riggs, Lawrason, of Baltimore:
Clayton Act application:
Granted
Reconsidered for Mr. Ni 1
1025
1036
s' vote, app'vd.
Rippel, J. S., of Newark, N.J.
Status under Clayton act, telegram from re.
Robinson, Thomas, (Messenger):
Leave extended - par lists work.
Rochester, Indiana:
See First National
833
anic.
Rogers, George W., of Little Rock, Ark:
Clearing plan, letter criticising.
Rosenberg, M. B., Pres. Bank of Commerce & Savings, Wns
Heard by Board on behalf of H. S. Gatley, re
application of latter to continue as director in Lincoln, N. B. and Bank of Commerce
and Savings
Rosa, Harry C:
Hired to seLd out par lists.
1052
902
1017
833
cxxxvii
Roxbury N. B., Boston:
Application of, for charter, letter F.R.A.
Curtis re.
Application of for stock in F.R.Bank of Boston,
approved
Rulings:
Loans on promissory notes of member banks
secured by county warrants, letter of
Counsel re ordered printed as ruling.
Reserves:
Five percent reserve requirement:
Passbook presentation in savings
dept. in order to retain benefit of,
inquiry of First N.B. of Richmond
re, discussed, and past ruling re to
be modified.
773
1212
1028
1029
S.
Safety Fund N.B., Fitchburg, Lass:
Fiduciary pcmers, application of, for, approved
1212
.4. Louis:
See Merchants-Laclede N. B.
St. Louis Bankers' Conference:
See also Dickson, T. H.
Clearance Com't of Board given authority to
hear complaint of,
Country bankers' conf. to support
Statement of Board re suit to be brought by
Telegrm from re Board meeting com't.
761
910
805
729
Sailer, L. F., Cashier, F. R. B. of New Yorks
Letter from re New York bank cashing checks
calling for gold bullion
750
Salaries:
See
Examiners
Staff
San Jacinto, California:
See First National Bank.
cxxxviii
Sanford, Charles G., of Bridgeport, Conn:
Clayton act application of, letter from IRA Jay re
Same
998
1007
Sardis, Georgia:
See
Peoples Bank of.
Savings Bank Departments of national banks:
National Banks
See
Sawyer, C. M., Gov. Federal Reserve Bank, Kansas City:
Christmas gifts to employes, letter from re
Lmployes absent an leave and serving in
National Guard, letter from re pay for
Interest charges:
Kansas City Clearing House Association,
Sawyer asked to obtain copy agreement
members of, re
Report of exam. of accounts, of, submitted
Ocott: Director at Dallas:
Salary increases at
letter of re,
1195
761
798
901
E. Bk. of Dallas,
1215
Seattle, Washington:
See National Bank of Commerce.
Seay, George J., Gov. at Richmond.
Acceptances, letter from re construction to be
assigned to present provisions re,
Acceptances, bankers':
Letter from re
Fifteen-day paper of member banks, letter
from, re rate on,
Immediate credit, letter from re,
Letter of, transmitted by Gov. Rhoads, ref. to
Law Committee.
Reserves, deficiences in, income likely to be
received from, penalties on,
U.S.Bonds, conversions of, letter from re, to
Assistant Secretary Peters.
1130
1189
1026
903
1J09
1013
1225
§econd National Bank, of New York, N.Y.
Request Percy S. Straus to serve as director
of, and as member of R.H.Maoy & Co.
780
• Second National Bank, Somerville, N.J.
Reports re, letter from Comptroller re, forwarded by Jay.
1130
Secret Jervice Division:
See Counterfeit notes.
Seccetary of State:
Foreign trade financing, results of conference
of, with Mr. Harding, re,
Shea, John: (Mail clerk)
Leave extended - par lists work.
Shedd, John C., of Chicago:
Clayton act application of:
Approved tentatively until Jan. 1, 1917,
Considered as one of group.
1133
833
1070
1236
Sheppard, Morris: (Senator)
Minimum loan on cotton:
Letter from forwarding request of a
constituent re,
Reply of Governor Harding to re
979
989
Sheridan, George V., of Columbus, Ohio:
Fees paid to Directors F. R. Bk. of Cleveland,
reply of Secretary to, re,
953
Sheridan, Indiana:
First National Bank.
See
Sherley, Swager: (Representative 5th Dist. Ky.)
Branch Bank at Louisville:
Letter from re,
Telegram from, re, read,
Shoahone, Idaho:
See First National Bank.
1068
1085
cxl
Shreveport, Ia.
See City National Bank.
Sidney, Montana:
See Yellowstone National Bank.
Silk Association of the United States:
Request from, for a speaker,
1073
Silver:
Special fund for, and legal tenders, report
of Conf. of Govs. re
1265
Silver Certificates:
Conf. of Govs. resolution re
1266
Simmons, Senator:
Notified of postponement of order to postmasters
to collect checks.
804
Sloan, Samuel, of New York.
Clayton Act, letter Gordon Auchinloss re application of, under,
904
Smead, L. L., Statistical Division:
Salary of, reported on by Com't. on Staff.
1037
Smith & Etheridge:
Acceptances of, report of Law Com't. re
opinion of Counsel re.
1214
Smith, A. E., Statistical Division:
Salary of, reported on by Com't. on Staff.
1037
Smith, J. M. C.
Dividends F.R.Bks. letter to re, ref. Hamlin.
764
Smith, Hon. Jno. W., U.S.Senate.
Bill giving Board power to change F.R.Cities,
introduced by.
790-2
cxli
amith, Green, Chairman of Merchants Loan &
Trust Co., of Chicago:
Entrance into F. L. System, letter from, re
reasons unfavorable to,
1003
Smith, Thomas W., of Washington, D.C.
Clayton act aoplicat ion of, granted
103b
Snead, Miss Susan U.,
Probationary appointment in Div. of Issue
approved.
814
Snowden, Wilton, of Baltimore:
Clayton act application hearings, argument of,
representing also H. E. Young,
1022
Social Circle Cotton Mills:
Acceptances of, opinion Counsel re,
1073
Somerville, N. J.
See Second National Bank.
South Texas Commercial Nat'l. Bank, Houston, Texas:
Granted right to accept up to loorb
823
Southgate, T. Ss
Clayton Act, letter from re,
1002
"Special business":
Report re submitted by Jay on behalf of Comit.
on Currency and Note Issue
1228
Special fund of silver and legal tenders, report of
Conf. of Goys. re
1265
Spoor, John A:
Clayton act application of:
Approved tentatively until Jan. 1, 1917.
Arguments D.R.Forgan behalf of.
Considered as one of group of applications
1070
1169
1236
Springfield, Ohio:
See First National Bank.
Staff:
See also
Insurance, Group.
Christmas bonuses.
Staff of F. R. Banks:
F. R. Bank of Atlanta:
Increase in salary of dellborn
Salary of clerk raised and approved
F. E. Banks of Boston:
Aiken, Governor, inc.ease in salary of aprvd.
F. R. Bank of Chicago:
Increase of salaries for group insurance,
approved.
Promotion of S.B.Cramer as Asst. Cashir,
F. R. Bank of Cleveland:
Salary increase for Gov. Fancher approved.
F. R. Bank of Dallas:
Increase in salary of Ramsey.
Salary C.C.Hall for $2500 and of R.D.
Thurston for $1200 approved.
Salary increases desired for, letter
from Director ;.icott re
F. B. Bank of Kansas City:
Absence with pay authorized for 3 clerks
of in service with National Guard.
Anderson, Cashier, Delano recommends
salary of 4000 for, balance 1916.
F. R. Bank of Minneapolis:
Increase in salary of Rich
Salary of Lich, P.R.A., Delano to consult
Miller re.
F. R. Bank of Yew York:
BA 1 t
-ista
ro JKLyerlOylv of
o p
o r
duringbsence of Jay
Salary increases for 38 employes from July 1,
approved.
Strong, Gov., compensation of to Nova and
during leave of absence, action of directors
re, approved.
Bank of Philadelphia:
.
Salary increase for F.L.Hardt, Cashr, approved
807
836
1118
896
906
1044
807
776
1215
761
736
807
792.
1204z,„
774
784
E.
::::
czliii
(Con.)
Staff of F. E. Banks:
F. L. Bank of San Francisco:
Appointment of J.L.heed as Acting Asst.
to FRI for 2 wks from July 1, approved
Assistant to FL at, telegram from Perrin re,
and reply
Clerks to aid FILL Perrin, nominations of
J.L.Reed and F..Kiser as, api)roved
Salary of J.U.Calkins, De2uty Governor
Joint employment by FRA and Exec. management
of the bank, discussed and voted against
Staff of F. L. Board:
fae also Division of Issue
Insurance, group, F.E.Board
Assessment for expenses of Board for 6 months
beginning Jan. 1, 1917, resolution of Com't
on Staff re,
Assignment of rooms to on 2d floor center
corridor:
Approved by Exec Com't
Approved 1) Board
Civil Service rules to cover, Hamlin to request President to extend Counsel's Office:
Memo Dulany ruquesting an additional
stenographer for, ref to
Root. Com't. on Stuff favor of additional stenographer for
Report of, that extra stenog has been a signeJ
Files. Changes in method of, and changes in
staff to result therefrom, ref. to, Com't on
Fodor, A. L., Jr., report of Com't on Staff
re transfer of, to filing dept.
Increase in salaries due to cost of living,
r.Jport re approved.
Messengers:
Dashiell, letter from Comptroller recommending increase in salary of.
Nicholson (Harvey), leave extended par lists work
Dismissed on recommendation of
Com't on Staff
739
129b
1302
867
1191
1213
974
977
1072
922
926
965
1020
1035
1297
1104
833
910
cxliv
Staff of F. R. Board: (Con.)
Messengers:
(Con.)
Nicholson (Con):
Leave for, matter ref. to Counsel
Secretary authorized to employ an additional
during illness of one of the force
Secretary directed to employ an additional
Relations between F.R.Board, F.R.Bks. and FBAs,
question re ref to com't on Staff
Removal of clerical staff to 2d floor:
Ref. to Delano
Desire of Treas. Dept. re, matter ref.
to Executive Committee
Report of Committee on Staff re changes in staff
(ar. Laning and Mr. Moran)
Secretaries of members:
Report of re use of aater-copy system in
new filing system
Secretary's office:
Certification from list of eligibles to
fill vacancy in caused by tiansfer
of Mr. Moran.
Stenographer, report of Com't. of Staff
in favor of additional
Stuart, Nelson, report of Com't. of Staff
re salary of,
Statistical clerk, Secretary to present name of
for permanent employment.
Statistical Division:
Leave of absence of Miss Mabel Mickley
extended
Salaries of Mr. Smead and Mr. Smith reported
on by Com't. on Staff
Stenographers of members:
Salaries of, to be fixed at $1500, motion
of Mr. Hamlin re
State Banks:
See also under
Sxaminations,
Clearing & Collection checks,
Clearing membership of.
980
927
1065
1009
866
953
1313
1068
1313
1259
1131
1297
1037
1132
exlv
State Banks & Trust Companies:
Entrance into F.R.System:
Advisory Council to discus as one of
the topics.
American Trust & Savings Batik:
of Birmingham, Ala:
Harding reported re, exam to be made
by McCord and Kittig
Recom of Harding & Tilliams to accept
State exam of, approved
Report of exam of bank by FRBk of
Atlanta
Bank of Iota, La., ordered admitted.
Bank of Montclair, N.J.
Letter of Jay re, and telg, of Iiarburg re accepting rept. of banking Com'r of N.J.
Application of
Approval of application of
Commonwealth Trust Company, Boston, Lass.
Application of approved
Papers re above application ref. to
Hamlin to write Aiken re
Corn Exchange Bank of N.Y.City:
Application of
Exam of to be made by Broderick
Application of approved
Dairymen's Bank of Northern Ills:
Application of, suspended for one
year's existence of the bank
Farmers & Traders Bank, Leon, 1a:
Exam of to be made re
First Guaranty State Bank & Trust Co:
Letter from F.R.Bk., of Dallas, stating applicatim from
Jefferson Commercial & savings Bank;
Letter from F.R.Bk. Atlanta stating
application of
Kern amendment, rulings of Board re; might
keep banks from entering system, suggestion of J.P.Morgan re
901
741
784
747
1090
1281
1289
1311
1311
1312
711
741
746
1140
1277
1006
1006
98b
cxlvi
State Banks & Trust Companies: (Con.)
Lntrance into F. R. System:
Merchants Loan & Trust co., Chicago:
Letter from Chairman Orson Smith
giving reasons for not entering
Letter from re, discussed.
Peoples Bank of Sardis, Ga:
Application disapproved.
Peoples Trust & Savings Bk., Clinton:
Application of
1283
State Banks:
Examinations, Louisiana State bank examiner
cannot furnish reports of, letter re from
M.B.Wellborn.
917
State Department:
Foreign account with Bank of England, to be
consulted re opening of.
874
State Yational Bank, Windsor, Vt:
Trustee powers granted for two special
trusts only.
860
Statement:
Form of, submitted by Ladenberg, Thalman & Co.,
approved.
Statistical Division:
See also under
Staff of Board.
Condition reports sent to, new form of
statement for.
Forms used by, changes in ref. to ,
;om't
on Reports and Statistics
Daily reports of condition of FRBks. revised
form for, so as to omit deferred credits,
presented and approved.
Statistical statements:
rew for:n of, put into effect by Com't on Issue
and Redemption
1003
1077
809
1049
1276
1289
1293
1298
cxlvii
Stock:
See also Capital.
Stock, Capital:
Reductions in, recommended by Harding,
authorized.
778
Stock:
Applications for, approved:
City N.B., Shreveport, La.
776
First N.B., Lamanda Park, Cal.
1032
Roxbury N.B., Boston, Mass.
1212
750 787 808 809 819 840 8b7 888 922 986 993 1044-6 lObb
10bo 1102 1118 1224 1279 130b
Applications for additional, approved:
751 776 843 868 888 1102 1136-9 1178 1278
Applications for reductions in capital, aporoved:
766 778
Applications for reductions of capital, of:
First N.B., Fairfax, Okla.
1307
Caddo N.B.
823
First N.B., New Brockton, Ala.
869
First N.B., San Jacinto, Cal.
&Soo
First N.B.,hitewater, Wis.,
1130
zirst N.B. *;iinnsboro, Tex
1118
Applications for surrender of, approved:
Catlettsburg N.B., Catlettsburg, IQ.,
1011
First N.B., Parkersburg, Ia.
1242
Yellowstone Valley N.B., Sidney, Mont.
1103
752 778 787 809 820 840 888 922 988 )
. 93 105b
1110
1139
1178 1279
130b
Paid-in capital of F.E.Bks., redaction in:
1245-6
Vote re proposed amendment re
Statement of Gov,Jinor re possible amendment
re in address to Conf. of Goys.
1252
1267
Report of Conf. of Govs. re
1270
Consideration by Board of amendment re
Stock ownership:
Foreign corporations, discussion of stock ownersnip in, by ,arburg, at meeting of Advisory
Council with Board.
984.
cxlviii
(-;tockholders:
Joint ownership of trust companies and
national banks by, discussed.
Straus, Percy S.
Requests permission to serve director 2d N.B.,
N.Y., .and member firm R.H.Macy & CO.
Private Banker, request from, for hearing re
Ms status as.
Arguments of, re directorship in R.H.Macy & Co.
and Second National Bank of New York.
Report of Comtt'on Clayton Act re directorship
of, vote in favor of eligibility of.
J.P., of 6t. Louis:
Clayton act, decision of 1-doard re Case of,
under, reaffirmed.
strong, Benjamin, Gov. F. i. Bank of New York:
Compensation of, to Nov. 1, and during leave
of absence, action of Directors re, approved
Lxienses of European trip to be pro-rated among
Y. 1:- Banks; recommendation of-Conf. of
Governors approved.
Stuart, Nelson:
Salary of reported on.and advanced.
119b
780
1090
110
1197
1054
1054
886
1131
Sturgis, Kentucky:
See First National Bank.
Substantial competition:
960
Discussion of definition of.
loans
competition
in
Discussion re basis of
throughout the country; data submitted by
1239
Comptroller; tabulation to bemade
Between:
(Baltimore) Citizens N.B., Merchants &
Mechanics N.B., and Continental Trust Co.
“illiams expressed belief in existence of 1037
(Baltimore) National Bank of Commarce, Nat'l.
Exchange Bank and Continental Trust Co.
Testimony of Lessrs. Cator, Newcomer,
1039
Barnes and Cockran to show nonexistence of
(Con.
.Substantial. Competition:
Between:
B. and Citizens
(Buffalo) Marine
Commercial Trust Co., Argument of
J.M.Van Allen to shaN nonexistence of
(Chicago) Continental & Commercial N.B.
and Harris Trust Co., Arguments of "essrs.
Harris, Zashburn & Brown to show nonexistence of.
(Chicago) Continental & Commercial N.B.
and Union Trust co., Testimony of Harry
A. 5heeler to show nonexistence of
(New York) N.B. of Commerce and Central
Trust Co. Statement of J.S.Alexander,
Pres. of the former, emphasizing the nonexistence of
Status of directors of above banks
presented
New York & Chicago banks:
Opinion of Chas. H. Meyer, Clearing
House Examiner of Chicago re nonexistence of
Statement of Pierre Jay re relation between
(Washington.D.C.) Nat. Metropolitan Bank
& National Savings & Trust Co. Testimony
of 0.H.P.Johnson to show nonexistence of
(Washington,D.C.)Union Savings Bank &
Testimony wade
Continental Trust Co.
H. Cooper and C.W.Warden to snow nonexistence of
Resources of Banks to be shown in statement prepared by Broderick and Jacobson, as aid
to determining banks in,
Trust compLnies and N.b.s, memo of Counsel
re compOtition between
Sullivan, C. L., of Cleveland, Ohio:
Clayton Act ap?lication:
Arguments for, by J.J.Sullivan
Granted
1052
1078
1039
1038
1042
1239
1239
1170
1065-6
961
87b
10ZL
1025
el
Sullivan, J. J., of Cleveland, Ohio:
Clayton act application:
Arguments of, for himself, C.L.Sullivan,
Louis Black, J.H.Hoyt, and Id.L.McBride
Granted
Supreme Court of the United States:
Fiduciary powers:
Michigan case re, Law Com't. of Board
and Counsel to have authority to take
steps to bring matter before
Hearings before, re fiduciary powers,notice
from Counsel re date for
Surety Bonds:
Curtis F. E. A., at Boston, letter from John
Eastman of boston transmitting new bond for
and asking release of companies on old bond
Federal Reserve Agents:
Opinion of Counsel re reviewing bonds of,.
Report re, of Delano as special comet.
Revision of amounts of, every 2 years,
opinion of Counsel re,
F. B. Bk. of N. Y., arburg to discuss ,A.th Jay
question of vacation - bond of Deputy and
Assistant to Agent.
Postmasters:
Bonding of, for check collections.
Character of bonds for, for check collection
ref to Board
Above matter laid on the table.
Tramanv- bond of as Deputy Gov. at N.Y.
sam e
1021
1025
99'(
127b
11.34
1143
1215
110
744
895
1004
1009
,744
774
Sykesville National Bank:
Fiduciary powers, memo, re application of
for, approving F.E.A. Hardy's request for
refusal of application.
112d
Table for Board Room, question of ref to Com't on
Expenditures.
1012
cli
Tallahassee Florida:
See First rational Bak.
Taxation:
1:ational bank notes, proposed amendment re
tax on voted on by Board
Opinion Conf. of Goys. re
Considereu by Board
Amendment to U.S.Statutes recommended by Wis.
Bankers Association re State taxation
bank funds
Telegrams
Report of Conf. of Goys. re wixo should pay for
re transfer of funds.
Temple State Bank, Temple,Texass
Letter re "purring" of customers checks
Ten-day paper:
F.R.Bk. of Chicago:
Cancellation of rate for, approved.
F.R.Bk. of Kansas City:
Increase in rate on
F.R.Bk. of Philadelphia:
Cancellation of rate for approved.
F. E. Bank of St. Louis:
Cancellation of rate for
Texas Bankers:
Clearing plan, attitude of, re; telegram from
Counsel Huff and Vi,-;o Gov. Hoopes of
F. L. Bank of Dallas re
Thompson, Henry B.
Candidate for Class C. director at Phila.
4ected Class C director at Philadelphia
Blected Class C director at Philadelphia
1245
, 1268
1271
793
1264
901
993
764
986
969
739
757
891
1286
Thompson, Georgia:
See First National Bank:
T)aurston, R. D.
Delano recommends salary $1200 as secy to
Ramsey F.R.Bk. of Dallas
776
clii
Till Money, cash requirement of 5;O:
Amendment re, report of, agreed upon.
1492
Time certificates of deposit:
See Deposits.
Mr. Todd (Assistant Attorney General)
See Assistant Attorney General.
Toledo, warrants of:
See warrants, municipal.
Federal heserve Bank of Cleveland.
Tolles, S. H., of Cleveland.
hehearing, letter from re, ref. to D.C.Wills
To,nsend: (Auditor)
Letter from urginL; consIderation of desire bks
Northern Mich. to transfer to Chicago dist
Transfer of 4unds:
Report'of Conf. of Govs. re who should pay for
telegrams making.
1086
799
1264
Transit men:
See Auditors and transit men.
Treadway, Lyman H.
Director, Class C, election of as,
128b
Treasurer of the United States:
Advertising matter re relations of to
F.B.Bk. of Minneapolis; matter to be
taken to Secretary McAdoo.
U. 5. Bonds offered for sale through
1098
991
Tr
sury Bills, British:
Proposed offering of, question re, outlined
by Gov. in Address before Advisory Goren.
Treasury Department:
See also Committees.
Relations with Treasury Department.
1148
(Con.)
Treasury De2artment:
:3.
Actin, Secretary:
Amendments to F.R.Act, letter from Harding
905
to, re President's signature
Checks:
Acceptance by Govt. of checks drawn by banks
on a Federal Reserve Bank, Harding to discuss
903
matter with.
Drafts drawn on F.R.Bks. correspondence from F.R.Bk.
1100
of Minnecgolis, re non-acceptance of, by,
889
Dallas.
of
F.R.Bk.
by
requested
Deposit
uov.
Gov. deposit for F.R.Bk. of Dallas, statement
889
of Ealburn re decision.
Staff:
Removal of clerical force of Board to 2d
953
floor, desire re stated by
State taxation of blik funds, disapproval of,
re amendment to U.S.Statutes recommended
793
by ii. Bankers Association.
Treman, R. H. Class A director F.E.Bk. of New York:
Acceptance credit to France, letter from re
Above, letter discussed by Exec. Com't. & filed
Bond of as deputy governor
Foreign account with Bank of Sngland
Trust Companies:
See State Banks and Trust Companies.
First I.B. of Rochest. Ind. desire of to org_nize
0,ned by stockholders of a N.B., opinion Counsel
re status of directors of under Clayton act
Joint ownership of, and E.B.s by stockholders
discussed
1104
1109
771
870
1181
1053
1196
Trustee powers:
See iLdiciary Powers.
Tiler, J. L.
Probationary appointment of, reported on by
Com't. on Staff;. appointment approved.
1096
liv
Ueland, i. (Counsel for F.E. k. Of Mpls.)
Attended Wisconsin Bank hearing
826
Uintah School District and County, Utah:
F.E.Bk. of San Francisco aUthorized to
purchase5,000 tax anticipation
certificates,..o ,
876
Unicorn Film Corporation:
Use of 1..R.Palmer's name in advertising of
870
s. Bonds:
Allottment of 3:;, not desired by F.R.Bks,
to other banks desiring them, approved.
Amendment re, 425,000,000 limitation re
purchase of, agreed to.
Amendment to eliminate required holdings 01',
as or6ani_ation prelimi,ary or condition
of existence, agreed to.
Amounts of 3:
„
7 held by F.E.Bk
Board declined
to uive, to Childs & Co., of Chicago
Collateral for accomodation by other F.L.Bks,
4uestion of L.B.4e1lborn Alether U.S.Bonds
could be used as, and at,wer of hr. .arburg.
Conf. of Govs. report of, re disposal, purchase
by bond com't. etc.
Conversion bonds, letter from Asst. Secy.
Malburn announc mg s4pment of, to the
owners.
Conversion of;
Amendment to law re, suggestod by Comp'r.
Applications for conversion of 2s into 3s
ap)roved.
Same
Date of, letter as to fmn.1 ref to Harding
Discussed by Advisory Council, meeting with
Board
F.L.Bk.. of Chicago's reque,t for, of
;2,890,000 approved; question to be
taken up with 3ecretarj McAdoo.
Above request approved.
989
1273
1273
1235
1262
1061
119b
1274
12db
837
1153
1195
1225
clv
U. S. Bonds: (Con.)
Conversion of:
F.R.Bk. of Cleveland, conversion for
approved.
F.R.Bk. of DallLs, conversion of
$1,620,000 4;t3 for, approved.
F.E.Bk. of Kansas City, letter from
Van :andt re
F.R.Bk. of Richmond's request for,
approved.
McDougal, letter from, re
Malburn, letter from re, of 270s
during 1917.
Purchase and conversion of ?Xs during
coming year, letter from Perrin
re, press statement to be prepared.
Seay, letter from to Asst. Secy. Peters,
re, and proposed reply, ref to Delano
U.S.1-year notes into 30-yr. bonds, report
of Conf. of Goys. re
F.E.Bk. of Chicago:
Proposal of F.R.Bk. of Dallas to sell
U.S.Bonds to
Purchase of 2'Ls at Chicago, letter from
Bosworth re,
F.R.Bk. of Dallas:
Proposal to sell 3;& bonds and 3,X) notes
to F.R.Bk. of Chicago.
F.R.Bk. of Minneapolis:
Letter from Rich re efforts to sell 3;;
bonds taken by, ordered circulated.
F.R.Bk. of Philadelphia:
Disposition of 2s in coming year, letter
from Rhoads re, ref to La:. Com't.
Harris, Forbes & Co., of New York, letter re
disposing of 30-year 38.
Prices of 2,7,s, fixing of, as result of competitive bidding, letter to FRAs re,
approved by Exec Com't.
Above letter authorized for transmission
Comptroller's statement of his attitude
disapproving above letter.
1290
1225
897
1296
1194
1104
1129
1245
1267
898
1204
898
783
1307
764-5
1184
1185
1193
clvi
U.
Bonds;
(Con.)
Profits on:
Proposed letter to
re
999
crediting of,
Letter from Broderick re method of
accounting for, aoproved and ordered
1008
sent to F.R.Agents.
Purchase of:
Amendment re 25,000,000 limitation re,
1273
agreed to.
Com't. of Governors for:
Letter of Gov. Rhoads suggesting;
1177
report of Warburg re, to be circulated
Report of Conf. of Govs. re, stating
126;';
Com't h d been named.
In open market, in last quarter 1916:
List of banks offering, but from which
bonds could not be accepted, to be sent
1304
Gov. Rhoads for Com't of F.R.Bks.
1304
Resolution re, adopted.
Perrin, John, letter from re,
Press statement re, during 1917, to be
1129
prepared, letter from Perrin re.
Policy re:
Letter from Gov. Rhoads of Phila, re,
1302
ref to Law Com't.
Placed in hands of Lxec.
Com't.,• figure
20,000,000 to be fixed as
13101
covering prospective purchases.
Resolution of Board re, by F.E.Bks. at t:nd
991
of quarter ended Oct. 1, 191b.
Rhoads, letter re disposing of 30 year 3s held
7b4
by F.E.Bks. memo. ::arburg etc.
Status of 4,;s bought in Nov. and Dec. letter from
Secy. Curtis of F.R.Bk. of N.Y. re, and suggesting several points re purchase of, ref.
66,
to Warburg as sub-corn't.
1F
:arburg , memo. of re
:arburg, memo of re, ref. to Harding & Delano
U. 3. Notes:
Allottment of 370 not desired by F.R.Bks, to other
banks desiring them, approved.
989
civil
U. S. Notes:
(Con.)
Conversion of, into 30-year bonds, report of
Conf. of Govs. re,
F. . Bank of Atlanta:
Used instead of F.R. notes; letter from
Bank re, and reply of Harding disapproving practice.
Retirement of, amendment re discussed; Board
to express views re, in annual report.
12b7
914
1292
V
Van Allen, J. M.
Argument of, re substantial competition between
2 Buffalo banks, on behalf of H.A.Forman.
1052
Van Zandt: (R.L., Gov. Dallas.)
Criticism of, re sending open telg re currency
needs and Government deposit.
Currency needs of district, telg. from re
Deposit, Govt. telg. from requesting.
F.R.Notes, letter re shipment of,
889
889
889
894
Vantine, A. A. & Co.
Opinion of Counsel as to bills of,
822
Vault cash or money:
See under Reserves.
Vermont:
BurlinLton, establishment oi; agency for check
collections at.
Par checks, failure of 17 banks in, to agree to
74arrants; anticipation of revenue notes of,
authorized for F.R.Bk. of Boston.
Victoria, N.B., Victoria, Texas:
Fiduciary powers, application of, for:
Approved temporarily for certain specific
trusts
Granted.
760
76b
800
1047
1077
Walker, :Iarcus:
Attendance of t Conf. of Govs. letter from
'Lell;",orn re, and decision of Board re,
Relations of, with executive officials of the
system, letter from LI.B.':iellborn re
arburg:
Am. Bankers. Association convention in K.C.,
6ept. 1916, requested to attend
Clayton Act applications, work of Board re,
memo. for presb by
Directors, 2.R.Bk. of Philadelphia;
Election of Class C directors at rept re by
:hitemz_n, Hardy, memo. Warburg re availability
of, as Class C Director.
Gold accumulation:
Aid to be given b_nks re, statement of in
favor of, at meeting with -dv. Council.
Hill Bill, re savings deposits in Y.B.s, memo of re
Reserves:
Excess reserves to be placed as vault money
ith F.L.Bks; advocated by, at meeting
with 4.uvisory Council.
11tock Ownership in foreign corporations, discussion of, by, in meeting of Advisory Council
with Board.
U.3.Bonds;
Disposing of 30-year 3s me:lo of re
Memo of, re,
Vice Gov.,rnor of Board, desiun...Aed, as
Ward,
H., vice-pros. N. 8. of Commerce, N. I:
Clayton act application;
Hearing re, requested by; set for Oct. 12
V,arden, C.
of ContinentA. Ti'. Co., - ashington, D.C.
Clayton Let application hearings, argument of
for sever:A directors of ;iashn.D.C.
Cl&yton act application as above denied.
Pompeian Oil eo.'s desire re foreign banker's
credits presented by, at hearing
1206
1165
835
964
747
7b7
984
758
964
984
765
760
854
1031
1024
clix
.,,ardon, C. .,., of .iashini;ton, D.C. (Con):
Testimony of to shcv no competition between
Union Trust Co. & Continental Tr. Co.
1065-6
, arrants:
F.R.Bk. of Atlanta:
1135
Alabama warrants, ques. re legal status of
F.R.Bk. of Boston:
Vermont anticipation of revenue notes
authorized for.
800
P.L.Bk. of Chicago:
Attleboro, Mass., authorized to purchase of
887
P.R.Bk. of Cleveland:
Columbus, 0., purchase of warrants of
authorized by F.R.Bk; cautionary
letter re sent.
1011
Fayette Co., Ky., Board of Education,
bank authorized to purchase
warrants of
855
Toledo ::,arrants:
Letter from D.C.Wills re collection of
1050
Plan of Gov. Fancher to deal with
overdue warrants discussed.
1077
Letter from Bk. detailing situation re
1090
Letter from dills stating payment practically provided for.
1127
1144
Request of bank to hold them longer,
Letter of Gov. permitting bank to
1171
carry a short time longer approved
Letter Gov. Fancher stating bank had
waived no rights re
11U7
F.R.Bk. of Minneapolis:
Munising, Mich., application to take school
1174
warrants of, denied.
F.B.Bank of Philadelphia:
Atlantic City *Varrants, report of ';arburg re two requests of bank for,
agreed to
1174
F.B.Bank of San Francisco:
Uintah .ichool Dist. & County, Utah,
back authorized to purchase, of,
876
Massachusetts municipal:
Lem°. Broderick re eligibility of certain 1087.
clx
,,arrants: (Con.)
Massachusetts, Municipal: (Con.)
Opinion of Counsel re 'purchase of, appvd.
L-,eport by •arburg re status of, ref to
Lxec. Com't. with po-;;.er to instruct
Er. Broderick re,
County:
ecurity for meaber banks' promissory
noted:
inuiry from F.R.Bk. of Dallas re
Reply to above inquiry
shburn, Clarke:
pdointment of as special examiner of
of Chicago
hb—
1212
1091
1006
1028
1296
, J.
, V—Pres. Continental & Commeroial
of Chicago:
Arguments by, for B.A.Eckhart re Clayton
act a)plication.
1078
1:ew York:
See First 1:&tional 1-3ank.
uebster &,tias National hunk, Boston, Mass:
Accept up to 1u0 aoproved.
..;;bekly Jtatement:
Revision of, suggested by iii1in, ref. to
Committee on Reports.
Report of Com it on Reports re, tabled.
Allborn, E. B.
,Acceptances, of New Orleans barks and trust
companies, letter fro'..:1 re,
Merchants paper for purchase of millet seed
to be classed as agricaltural pa)er?
salary increased to ;;;9,000
Vacation authorized.
Wellborn, W... D., N.O. representative of F.R.Agent:
Proceedings against, letter J.L.Zunts re
792
1:2,91
1_10
963
807
810
1029,
clxi
Wellborn, J. D: (Con.)
Status of, letter from Zunts re,
1080
Wells, Oscar - First N.B., Birmingham, Alabama:
Immediate credit list of 2.L.Bk. of Atlanta,
letter from re Fist N.B. of Birmingham,
being placed on.
767
Wheeler, Harry A., of Chicago:
Clayton act:
Testimony of, on behalf of Hale Holden,
to show no substantial competition.
1(3 9
hhiteman, J. Hardy, of Wilmington, Del:
Director, Class C, 4:.R.Bk. of Phila, suggested as
757
V,hituvater, 4sconsin:
See First National Bank.
Uhoiesale Gropers' Association of New Orleans:
Clearing sitution at N.O., letter from re,
Wilcox, Ha., of Baltimore:
Arguments of, re status of Alex. Brov,n & Sons as
private bankers.
Ciayton act hearing, request from for, com't.
a)pointed to hear him Oct. 20.
Wilkinson, G.B.
Examiner, recommended for approval as
Report of Com't on Audit & Exam approving
his cppointment and salary as
1054
1080
1074
912
919
Willard, F. S., director of National Uetropolitan
Bank & Nat'l. Savings & Trust Co.
Clayton act application of, letter from, asking
delay prior to change in his status.
1002
Willard, H. K., of ';;ashine;ton:
Interlocking directorates letter from, asking
more time before giving up.
1019
*
Amendments:
Circular re, by; memo. Counsel re
transmitting of, to F.R.Bks.
Above circular again ref to Law Com't.
Rept. of Lxec. Com't re presented and
ref. back to Com't.
1004
1019
1091
Calls - See National banks, Calls.
ailliams,
Clayton Act applications, action of re,
6ame
Clayton act applications:
Baltimore directors (Hurst and aiggs)
applications reconsidered, for vote of
Mr. ;iilliams and approved, with netsative vote of Mr. ailliams.
F..R. Board;
Cooperation with, suLxested; Williams to
send members o: Board copy of last
call upon N.B.s.
Insolvent banks, number of in last 3 years,
letter to Secy. McAdoo by
U. S. Bonds:
1 s, fixing of by joint comq,
Prices of 40
as result of competitive bidding,
Comptroller's statement disapproving letter sent to YRAs re
to be reported by member bks as
money
Vault
with F.R.Bk. balances. Compitem
one
troller's permission re; Board's appreciation to be conveyed to.
Williams, T. Ms
Lxaminer, recommended for approval, al:
Lxaminer, report of Com't. on Ludit & Exam
approving appointment and salary as
'Allis, H. P:
Address at Paterson, N.J., to be delivered by,
expenses of trip to be paid.
927
949
1036
755
971
1193
11U5
912
919
1167
Wills, D. C., F.R.A. at Cleveland;
Conference of FRAs:
Resolutions and motions adopted by,
Kern Amendment:
Conference vi.th Board re,
.Ailson, L.A., Director Class B, F.L.Bk. of K.C:
Removed from 10th District
Attention of, called to his removal from
10th District.
Letter from stating reluctance to resign;
Advisory Council to be informally asked
opinion re
Resignation of, Harding to write to, stating
Board felt he should resign.
Resignation of, proposed letter of Gov. Harding to re; ref. back for revision.
Resignation of tendered.
743
680-2
916
90
97b
977
9E30
1007
Zindsor, Vermont;
See State National Bank.
wing: Pres. Batavian N.B., LaCrosse, Use:
Telegram re desire Wisc. Bks. to be transferred to District 7.
Ling, Daniel G., Pres. First N.B., of Boston:
Accept up to 100;O, letter from to Gov.
Hamlin re permission given First
of Boston to, covering increase in
capital and surplus.
Report of First N.B. of Boston, letter from re
supplying copy of, to F.E.Bk. of Boston.
702
749
753
Winnsboro, Texas:
See First National Bank.
Wisconsin Bankers Association:
State taxation of bank funds, amendment to U.S.
Statutes re, recommended by; disapproval
Treasury Department.
qsconsin Banks:
Cee under Redistricting.
793
clxiv
Wise, Lrs
Arguments of, for Persy S. Straus, a dir ctor in
R.H.Macy & Company and Second N.B. of N.Y.
1168
Withey, L.R:
Balking competition
1001
letter from re,
4oburn, Mass:
Organization of new national bank at, letter
of F.R.A.Curtis re,
;old, Theodore: Gov. F.Ilak. of Minneapolis:
Redistricting, isconsin banks, hearing,
attended by.
Redistricting, Illsconsin Banks:
Trans fur of, Delano to discuss matter with
1191
826
744
Wolf, Alexander, of Washington:
Clayton Act:
Application of for h..laring re, granted for
early in October.
Arguments of, re directorship in Second
N.B. and Bank of Commerce & Savings,
both of Washington, D.C., heard by
F. R. Board.
Granted.
1016
1025
'Looten, H. 0:
Director Class C, election of, as
1286
987
Worland, Wyoming:
See First National Bank.
1.
Yarn:
Acceptances againsy, at F.E.Bk. of Boston,
report of Comit. on miscounts re, adopted.
Yellowstone Vallev N.B., Sidney, Mont:
Surrender of stock by, approved.
•
1101
1103.
clxv
York, Nebraska:
See First rational Bank.
thur & Company:
am by, of Fidelity Trust Co. of K.C., telg.
of Broderick suggesting acceptance of
1241
Young, H. —: (Of Baltimore)
Clayton act application hearings, represented
at, by '411ton Snowden.
1022
Younr,',
4
James i. (Class 0 Director at Eew Orleans):
Named Deputy Chairman of the Board at
New Orleans Branch:
Proceedings against W. D. Wellborn , 14;:e'o Orleans
representative of P.E.Agent, letter from re
letter from re,
Status of ,*41,.D.Vi-ellborn,
.
808
1029
1086
@FedFRASER