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KEY
TO
INDEX
Branch Banks, Domestic, FRBanks, and
Foreign, see Branch Banks
Clayton Act Applications, see Interlocking Directorates
Collection, see Clearing and Collection
Directors of FRBanks and Branches,
see Directors
National Banks are listed under heading National Banks
*State Banks are li-ted under State
Member Banks and Nonmember Banks
Stock of FRBanks and Member Banks,
see Stock.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
INDEX
”Att
Absorption of Banks: (See Consolidations)
Acceptance practice of FRBanks, discussion of rulings and
regulations of FRBoard by Mr. Kenzel
Changes in rulings to be taken up with General Acceptance
Committee
Acceptances:
Bankers:
Form of endorsement to be placed on, by accepting
banks
Legal determination of negotiability of certain,
recommendation of Conference of
Governors
Policy of FRBank of Dallas with respect to purchase
Appearance of Messrs. Talley and Walsh before
FRBoard to discuss
Purchase and sale abroad by ?RBanks, right of FRBoard in
connection with
Motion of Mr. Taller that authority applies to
purchases abroad as well as at home
prepared by Counsel
be
to
Regulation
Crissinger on regulation
Governor
Opinion of
more information
requesting
Memo of Counsel
A, B and C)
Regulations
(See
Regulations on:
Report of Sub-committee of General Acceptance Committee to
be referred to Conference of Governors
Memo of Counsel on report, to be referred to meeting
of Federal Advisory Council
Recommendation of Federal Advisory Council on ruling
Ruling with respect to acceptances involving
importation or exportation of goods
Publication of ruling in FRBulletin for December
Report of committee accepted and filed
Tax on discount received by foreign corporation from
American bankers acceptances,
recommendation of Federal Advisory
Council
Acceptances up to 100 per cent of Capital and Surplus:
Citizens National Bank, Los Angeles, Calif., application
approved
National Loan and Exchange Bank, Columbia, S. C., application referred to Mr. Gilbert
Analysis of last examination submitted, application
to be held pending next examination
Rhode Island Hospital Trust Co., Providence, R. I.,
application approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1
Pages
10/13
277
10/13
282
10/18
290
12/16
10/18
513
294
11/4
344
7/5
8
7/6
7/12
7/13
8/30
17
27
32
131
10/31
325
11/14
11/26
371
415
11/28
11/30
12/16
418
423
516
11/26
415
11/10
356
8/17
108
8/24
123
9/20
172
2
Accountirv7 procedure at I.EBanks, recommendations of conference
on, with change suggested by
Smead approved
Advertisements:
Iron Exchange Bank, Hurley, Wis., nonmember clearing bank,
that it is correspondent of FRBank
of Minneapolis
Kemo of Counsel that bank is not violating criminal
statutes
Page Bank of St. Louis County, no., that it is member of
FRSystem, report of Department of
Justice
Agencies:
Havana, Cuba:
Exchange with Cuban Treasury of excess American coin
for United States currency
Secretary of Board authorized to complete
negotiations for exchange
Taxation of operations of, documents to be submitted
to State Department on
Form of letter approved for transmittal
Report of Secretary of Board on status of
negotiations
Decision of Secretary of Treasury of Cuba that
tax be paid within ten days
Thirty day extension in time for payment of tax
granted by President of Cuba
Report of State Department that President of
Cuba would see that tax is not levied
Resolution of FRBank of Atlanta authorizing Er.
Newton to go to Havana re
Agricultural paper, financial statements required of borrowers
on, letter from FRAgent at Atlanta
on Regulation A
American Bankers Association, telegram expressing appreciation
of postponement of Conferences of
Governors and FRAgents
American Bankers Association Journal, article on recent reduction in rediscount rate at FRBank
of Chicago to be prepared by Governor
Harding
Action of Executive Committee approved
American Year Book, article by Dr. Burgess on Federal Reserve
System in 1927 for publication in
Publication not approved
Motion to reconsider, 1::r. McIntosh allowed to record vote
after reading article
Vote of Mr. McIntosh makes majority in favor of approving
publication
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Pages
11/8
348
10/13
276
10/20
301
7/6
16
9/23
182
9/27
199
7/12
7/13
20
29
10/20
299
10/24
312
10/27
317
11/4
340
11/17
395
7/15
37
10/6
226
9/23
9/27
183
195
11/30
12/5
423
430
12/16
506
12/30
550
3
Pages
Annual report, FRBoard:
Amendment to Sec. 9 of FRAct to assess expenses of examination against State member banks
12/14
to be recommended in
Argentine, contemplated establishment of branch in, by First
12/20
Federal Foreign Investment Trust
12/20
Assessment on FRBanks for expenses of FRBoard, resolution on
Assistant FRAgents: (See FRAgents)
Associated Press, charts on physical volume of industrial production and factory employment and
10/5
payrolls to be furnished to
Attorney General of United States: (See Department of Justice)
Austrian National Bank, Vienna, account opened by 1.'1-Wank of
8/24
New York for
8/24
Copy of letter outlining terms of apnointment
492
529
529
207
119
120
ttB
Baker, Newton D.:
Checks handled by FiBank of Atlanta bearing notation
"Payable in New York exchange
at current rates", letter on
Conference of Counsel of FRBanks, recommendation of
Conference of Governors
Drafts drawn by Smith Drygoods Co. on themselves for
presentation al national bank,
consulted by Mr. Parker of Atlanta on
Statement for expenses in connection with recent case,
to be paid by FRBank of Atlanta
and prorated among FRBanks
Banca d'Italia of Rome: (See Foreign banks)
Bancitaly Corporation, violation of agreement not to hold more
than 25 per cent of stock of any
independent bank in California
Memo of Counsel on, action postponed
Considered violation of agreement by Board
Copy of letter from President of Corporation and opinion
of Counsel of FRBank disagreeing
with position of Board
Bank for Industrial German Debentures, no objection to flr.
McGarrah serving as director until
expiration of term as member of
General Council of Reichsbank
Letter to Mr. McGarrah approved
Bank of England:
Gold held earmarked at, disposition of
Liquidation of special account with FRBank of New York
Bank of Poland, terns and conditions of agreement of banks of
issue to purchase prime commercial
bills of
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/30
133
12/16
513
11/21
404
10/11
260
9/14
9/27
10/13
166
194
274
11/30
422
10/31
11/1
324
329
7/28
10/6
54
225
7/28
63
4
Pages
Bank of Poland, terms, etc. (Continued)
Extension of time for program of stabilization and
issuance of loan by private bankers
Program legally promulgated and plans of FRBank of New
York to become effective
Copy of stabilization decree transmitted and amount of
loan changed
Appointment of Charles S. Dewey as director of Bank of
Poland and adviser
Bank relations work of FRBanks, to build up field force to
serve as bank examiners and bank
relations men
Letter to FRAgent at Chicago approved
Reply to FRAgent and letter requesting report on number
of examinations conducted by
FRBank since Jan. 1
Reply of FRAgent and report that increase in force will
not be made at once
Banking developments, mid-year, review of month for July
Bulletin
Bills of exchange: (See Acceptances)
Bonds:
Circulation, advice of no applications received from
national banks:
During second quarter
During third quarter
First Federal Foreign Investment Trust, information required by Regulation K on issuance of
Information transmitted to F2Board
Financial statements submitted in accordance with,
memo of Counsel on
Letter advising of action of FRBoard and requiring
report every thirty days on amount
of notes received and sold
Foreign, right of First Federal Foreign Investment Trust
to act as co-trustee for
Surety:
Anderson, J. B., as Assistant FRAgent at Cleveland
Burgess, W. R., as Assistant FRAgent at New York
Dillistin, William H., as Assistant FRAgent at New
York
Fletcher, W. H., Assistant FRAgent at Cleveland
Gettemy, Charles F., as Assistant FRAgent at Boston
Hoxton, W. W., as FRAgent at Richmond
Powell, Oliver S., to act for FRAgent at Minneapolis
Sargent, S. G., as Assistant FRAgent at San Francisco
Shepherd, Robert L., as Acting Assistant FRAgent
at Richmond
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/.1
93
10/18
286
10/20
298,
10/20
298
7/5
7/6
9
17
7/21
45
7/28
60
7/5
5
7/12
10/20
24
302
8/24
8/30
121
100
9/27
1981
10/6
226
8/24
122
7/21
9/27
41
186
1/5
2
7 21
10/18
9/20
7/5
7/12
207
41
287
170
4
20
11/17
389
5
Pages
Branch banks, domestic:
American Trust Co., New York, N. Y.:
373 East 149th St., Borough of Bronx, opening of
American Trust Co., San Francisco:
Oakland:
Park Boulevard and Glenfield, to be removed from
725 Market Street
San Francisco:
3600 Balboa St., application approved
Advice of opening of
1516 Larket St., permanent quarters of branch
in temporary quarters at 1550 Market
Street
345 Powell St., permission to remove from Powell
and Sutter Streets
Advice of removal
Russ Building (251 Montgomery St.), removed from
California-Montgomery Office (495
California St.)
Advice of removal
2053 San Pablo Avenue, removal of branch from
3850 San Pablo Ave.
3900 San Pablo Ave., closed
1050 Taraval St., temporary quarters pending
construction at 101 Taraval Street
Advice of opening of
24th and Castro Sts., removal from 3900 24th St.
Cheraw, S. C., consolidation with Bank
Cheraw,
Bank of
of Chesterfield County with branches
and operation of branches
New standard form of report to be used in examining
Messrs. Hoxton and Seay to appear before EBoard on
Application not recommended by 1.1r. Hoxton, referred
to Governor with power
Bank of the Manhattan Co., New York City:
Bank of Washington Heights and branches absorbed and
all to be operated as branches
Bayonne Trust Co., Bayonne, N. J.:
Broadway and 41st St., opening of
Broad and .7.Tarket National Bank and Trust Co., Newark, N.J.:
Forest Hill National Bank to be merged and operated
as branch
Brooklyn Trust Co., Brooklyn, N. Y.:
Bank of Coney Island to be taken over and operated
as branch
Camden Safe Deposit and Trust Co., Camden, N. J.:
Central Trust Co., taken over and to be operated as
branch
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/5
206
10/11
258
8/24
9/2
113
139
9/14
165
8/24
9/20
113
172
8/11
8/24
92
112
9/27
9/27
188
188
8/24
9/2
7/15
113
139
36
12/13
12/14
12/16
488
491
502
12/16
519
8/24
112
7/6
16
7/28
54
12/14
496
10/27
316
6
Branch banks, domestic: (Continued)
Central Home Trust Co., Elizabeth, N. J.:
780 Newark Ave., opening of
Citizens Trust and Savings Bank, Columbus, Ohio:
High and Buttles Sts., location changed from High
and Russell Sts.
Parsons and Livingston Avenues, establishment
postponed indefinitely
Claremont Bank of Jersey City, N. J.:
Old Bergen Road and Danforth Ave., authorized by
State Commissioner of Banking
Cleveland Trust Co., Cleveland, Ohio:
Pawnee Ave. and East 185th St., application approved
Clinton Trust Co., Newark, N. J.,
Lyons Ave. and Aldine St., authorized by State Banking Commissioner
Elizabethport Banking Co., Elizabeth, H. J.:
1149 East Jersey St., advice of opening
Federal Trust Co., Newark, N. J.:
Springfield Avenue Trust Co., to be merged with and
operated as branch
Fidelity Union Trust Co., Newark, N. J., completion of
consolidations resulting in formation
of branches
First Trust and Deposit Co., Syracuse, N. Y.:
419 Onondaga St., application approved
1510 West Genesee St., extension of time for opening
Advice of opening on Oct. 1
Guardian Trust Co., Cleveland, Ohio:
Larchmere and North lloreland Boulevard, application
approved
Pearl and Broadview Roads, authorized but not opened,
no extension of time desired
Guardian Trust Co. of New Jersey, Newark:
380 Springfield Ave., authorized to establish
Hamilton Trust Co., Paterson, N. J.:
Totowa National Bank, to absorb business and
continue as branch
Independence Trust Co., Charlotte, H. C.:
East Trade St., Law Building, application approved
Interstate Trust Co., New York:
Franklin National Bank and Bank of Bloomingdale
Brothers merged into branches
Liberty Insurance Bank, Louisville, Ky.
Broadway between thirty-fifth and thirty-sixth Sts.,
extension of time for opening
Los Angeles-First National Trust and Savings Bank, Los
Angeles:
561 South Spring St., authority to establish
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Federal Reserve Bank of St. Louis
Pages
7/12
22
9/2
141
10/11
266
12/12
467
12/5
426
10/5
206
7/28
53
8/10
84
7/6
16
1/22
7/28
10/5
533
53 I
205
10/27
315
9/27
188
9/8
154
11/1
330
10/18
289
7/6
16
10/5
206
9/2
140
7
Pages
'Branch banks, domestic: (Continued)
Manufacturers and Traders-Peoples Trust Co., Buffalo, N. Y.:
3184-3186 Main St., permission of State Banking
8/24
Department to open
N.
J.:
Merchants Trust Co., Newark,
8/17
Bloomfield Ave., and 6th St., application approved
over
take
to
negotiations
Merrill Trust Co., Bangor, Me.,
Waldo Trust Co., Belfast, and
operate as branch, not lawful until
9/20
withdrawal becomes effective
Municipal Bank of Brooklyn:
9/2
Avenue J and Coney Island Avenue, proposed opening
11/1
To be opened on Nov. 5
Bay Parkway, corner of West 9th St., in Mapleton
9/2
section, advice of proposed opening
Kensington Bank, 743 Church Ave., taken over and
10/20
operated as branch
Nostrand Bank of Brooklyn, purchase of control and
9/2
opening as branch
11
To be continued as branch after Nov. 1
8/10
Rutland Road and East 98th St., application approved
Pacific Southwest Trust and Savings Bank:
Altadena, new building completed at 2736 Lake Ave.,
7/15
and removal from old location
Inglewood, branch at 222 East Queen St., closed and
business transferred to branch at
7/28
100 Commercial St.
Los Angeles, 2043 South Westwood Boulevard, advice
7/28
of opening
San Fernando, to take over Bank of San Fernando and
7/28
consolidate with branch there
8/17
Advice of completion of deal
Raritan Trust Co., Perth Amboy, N. J.:
8/2
167 Hall Avenue, application approved
Security Trust and Savings Bank, Los Angeles, California:
Melrose and Highland Avenues (6602 Melrose Ave.)
8/10
advice of opening of
West Adams and Victoria Ave. (4450 West Adams St.)
removal of branch located at 4349
9/27
West Adams St.
3400 West Washington St., removed from 3200 West
7/12
Washington St.
Wilshire Boulevard and Westwood Ave., extension of
9/8
time for opening
Union Trust Co., Cleveland, Ohio:
10/31
Establishment of five local branches authorized
Three Proposed, same procedure to be continued
9/8
until issuance of new regulations
Union Trust Co., Providence, R. I.:
12/12
Hopkins Square, application approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
112
106
173
142
330
141
300
142
330
83
35
53
54
53
104
67
83
188
22
155
321
155
467
8
t"
Pages
Branch banks, domestic (Continued)
United Bank and Trust Co., San Francisco, Calif., proposed
consolidation with Banca Popolare
Pugazi, effect on branches
Telegram to FRAgent at San Francisco on plan of
consolidation
United States Trust Co. of Newark, N. J.:
Broad and Miller, or Broad and Wright Streets,
authorized to establish
Springfield Ave. and 18th St., authorized to establish
Branch banks, FRSystem:
Baltimore:
Directors: (See Directors)
Staff:
Lucius, T. Elizabeth, extension of leave on
account of illness
Tuel, W. P., extension of leave on account of
illness
Vault, special price auoted by llosler Safe Co. to
equip doors with plates of "donsteel"
Report of previous conAderation of matter to be
submitted by Secretary
Proposal disapproved
Birmingham:
Directors: (See Directors)
Tunnel connecting branch with postoffice, contract
awarded to Johnson-Woolley Construction
Co.
Buffalo:
Bylaws, requirement re Chairman of Directorate
waived for 1928
Directors: (See Directors)
Charlotte:
Bylaws, personnel, etc., to be considered at next
meeting
Approved
Designated as direct settling branch
Directors: (See Directors)
Opening of, memo of Secretary
Quarters, leasing of Scott property for, FRAgent at
Richmond to appear before Board
Housing, personnel, etc., report of Mr. James on,
no action until after personal visit
of Mr. James to Charlotte
Report of Mr. James on visit to Charlotte
Report of committee on acquiring space in
First National Bank Building, door
for vault, etc., approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/28
541
12/30
547
9/8
9/8
156
156
10/18
288
10/18
288
10/18
296
10/20
10/24
302
311
10/20
302
12/28
545
7/15
9/27
9/8
34
190
158
8/17
110
7/15
34
7/28
8/2
61
68
8/12
98
9
Pages
1
7
.1
Branch banks, FRSystem: (Continued)
Charlotte: (Continued)
Staff:
Cherry, R. L., increase in salary and made
9/27
Manager of Transit Department
Whitemore, H. L., increase in salary and made
9/27
Manager of Money Department
Sub-treasury functions, application to exercise to
be transmitted to Secretary of
9/8
Treasury
9/27
Territory approved and counties listed
8/30
Vault equipment, estimate of cost of
9/27
Contract approved
Cincinnati:
Directors: (See Directors)
Staff:
Stopher, Roy, leave of absence on account of
9/14
injury extended
Denver:
Directors: (See Directors)
Staff:
Brown, Stanley A., elected Cashier and salary
8/17
approved
on
of
leave
extension
Cheever, Charles T.,
account of illness granted
1
87
Conway, A. J., resignation as Cashier
Detroit:
Building, opening of new, members of FRBoard invited
12/13
to attend
in
Trowbridge
1:r.
to
Payment of balance of fee
12/22
connection with
Directors)
Directors: (See
Staff:
Assistant FRAgent, office terminated, reports of
examination to be sent to Managing
7/5
Director
7/6
Draft of letter to FRAgent at Chicago
Quandt, Edmond J., designated alternate for Ix.
Billig, to act as representative
8/24
of FRAgent
El Paso:
Directors: (See Directors)
Questionnaire from Henry Y. Wan on organization and
9/14
operations of
Houston:
Bylaws, amendment to bring list of counties up to
12/28
date
Directors: (See Directors)
Questionnaire from Henry Y. Wan on organization and
9/14
operations of
10/7
)2.
54
56
10
34
61
68
96
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
190
190
156
190
129
190
164
106
228
106
471
538
6
17
119
167
539
167
10
Pages
Branch banks, FRSystem: (Continued)
Houston: (Continued)
Territory, transfer of three counties from head office 11/25
Jacksonville:
FRNotes to be carried as bank cash and office of
Assistant FRAgent to be discontinued
9/27
Directors: (See Directors)
Staff:
Assistant FRAgent, office discontinued
9/27
Mahon, Mary E., elected Assistant Cashier
8/17
Little Rock:
Directors: (See Directors)
Staff:
Hamilton, Vela, extension of leave on account
of illness
8/10
Los Angeles
Building site, purchase of, discussed by Messrs
Newton and Day of FRBank of San
Francisco
11/9
Bylaws, amendment because of reduction in size of
directorates
12/28
Staff:
Knudson, J. J., leave with pay for two months
12/6
Prahl, John F., redesignated Examiner for 1928
12/28
Swengel, H. D., redesignated Examiner for 1928
12/28
Louisville:
Directors: (See Directors)
Memphis:
Directors: (See Directors)
Staff:
Niese, R. B., leave of absence on account of
illness for thirty days
8/30
Extended for thirty days with pay
9/27
Extended for thirty days
127
0/
Perkins, J. M., salary reduced
8 2
Strickland, G. K., salary reduced
8/2
Nashville:
Case of L & N Railroad v., fees of Counsel in
connection with
8/24
Directors: (See Directors)
New Orleans:
Advances to member banks against pledge of sterling
bills on prime English banks
9/20
Board of directors of FEBank of Atlanta opposed
to making such advances at present
12/5
Bylaws, amendments relating to duties of Cashier and
Assistant Manager
10/24
Amendments approved
10/27
Directors: (See Directors)
Meeting of directors of FRBank of Atlanta to be held
at
10/31
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
408
188
188
104
81
352
540
461
541
541
128
187
316
67
67
121
176
42/
308
314
320
3
3
21
i20
11
Pages
Branch banks, FRSystem (Continued)
New Orleans: (Continued)
Staff:
Black, W. H., resignation as Assistant Manager
and election as Cashier
Miller, W. E., redesignated Assistant FRAgent
for three months
Stevens, James R., redesignated Alternate
Assistant FRAgent
Walker, James A., resignation as Cashier and
election as Assistant Manager
Designated Special Examiner
Walker, Marcus, vacation for one month granted
Pittsburgh:
Directorc: (See Directors)
Questionnaire from Henry Y. Vian on organization and
operations of
Portland:
Bylaws, amendments because of reduction in size of
directorate
Staff:
Snow, G. A., redesignated Examiner for 1928
Salt Lake City:
Bylaws, amendments because of reduction in size of
directorate
Staff:
Flo, Hans, extension of leave on account of
illness for three months
Extended for three months with half pay
Huff, C. R., redesignated Examiner for 1928
Pexton, Wilbur P., leave with pay for three
months
San Antonio:
Building, plans and specifications for, letter from
Mr. Trowbridge re services
Plans and specifications approved
Bylaws, approved as submitted
Amendment to change :lenard County back to head
office
Interdistrict time schedule, changes in
Staff:
Managing director, expenditure for membership in
San Antonio Casino Club approved
Vault, plans for
Seattle:
Bylaws, amendment because of reduction in size of
directorate
Spokane:
Bylaws, amendment because of reduction in size of
directorate
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/17
106
9/27
189
9/27
189
8/17
1,j28
817
106
540
105
9/14
167
12/28
540
12/28
541
12/28
540
10/18
12/22
12/28
288
532
541
12/8
461
10/5
ly4
7 5
205
343
5
7/6
8/17
15
107
8/30
11/4
127--343
12/28
540
12/28
540
12
Pages
Branch banks, FRSystem: (Continued)
Spokane: (Continued)
Directors: (See Directors)
Staff:
McBride, E. B., redesignated Examiner for 1928
12/28
Branch banks, foreign:
First Federal Foreign Investment Trust:
Argentine, contemplated organization of
12/20
National City Bank of New York:
Dominican Republic, San Francisco de Facoris, closed
7/5
Yukden, L!anchuria, China, application approved
12/28
Porto Rico, Caguas, opening of
7/5
Right of State member banks to establish, opinion of
Counsel referred back to Law Committee 12/5
Opinion of Counsel rejected, opinion of Attorney
General to be asked
12/14
Request of bank that asking for opinion of Attorney
General be withheld
12/22
Brazil:
Currency, information on stabilization of, requested by
First Federal Foreign Investment Trust 7/28
Subsidiary of First Federal Foreign Investment Trust to
be organized, approval of FRBoard
not necessary
11/17
Broughton, W. S., report of Mr. Platt on conference on new
FRnotes carrying legend that notes are
redeemable in gold
12/28
Budget for FRBoard, approval of
12/16
Building and loan associations, deposits in member banks,
classification of
9/20
Recommendation of Conference of Governors on
12/16
Buildings:
Detroit Branch, opening of, members of FEBoard invited to
attend
12/13
Payment of balance of fee to 11r. Trowbridge
12/22
Los Angeles Branch, purchase of site for, discussed with
Board by Messrs. Newton and Day
11/9
San Antonio Branch, plans and specifications for, letter
from Er. Trowbridge re services
10/5
Plans approved
11/4
Bylaws, FRBanks and branches:
Branches of FRBank of San Francisco:
Amendments because of reduction in size of directorates 12/28
Suspension of requirement re appointment of chairman
of branch boards
12/12
Buffalo Branch, Chairman of Board of Directors, requirement
waived for 1928
12/28
Charlotte Branch, to be considered at next meeting
7/15
Final draft approved
9/27
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
541
529
539
428
497
536
56
390
538
508,
176
512
471
538
352
206
343
54C
46e
54t
34
190
13
Pafres
29
39
28
91
36
66
,38
io8
76
as
Fill
ize
166
:06
;46
Bylaws, FRBanks and branches: (Continued)
FRBank of Atlanta, amendment that officers be elected
annually at first meeting of
directors in January
Resolution of Directors that election of officers
for 1928 be held at December meeting
Resolution deferring election until January meeting
FRBank of Boston, amendment relating to annual election
of officers
FRBank of Chicago:
Amendment that officers be elected annually at first
meeting of directors in January
Notice of adoption by Board of Directors
Amendment changing hour of meeting of directors
FRBank of Cleveland, amendment to change time for
election of officers and recommending
salaries
FRBank of Kansas City, amendment that officers be elected
annually at first meeting of directors
in January
amendment to change time for
Einneapolis,
FRBank of
election of officers
?Rank of Philadelphia, amendment to change time for
annual election of officers
FRBank of Richmond, amendment with relation to annual
election of officers
PRBank of St. Louis, amendents Providing for annual
election of officers and discontinuing
Governor as Chairman of Executive
Committee
FRBank of San Francisco, amendment with relation to
annual election of officers
as to election and salary
uniform
made
be
to
FRBanks,
recommendations of officers
Houston Branch, amendment to bring list of counties up
to date
New Orleans Branch, amendments relating to duties of
Cashier and Assistant Manager
Amendments approved
San Antonio Branch, approved as submitted
Amendment to transfer Menard County back to head
office
BYlaws, FRBoard:
Amendment proposed but no action pending qualification of
Mr. Young as member of Board
9/8
160
11/25
12/12
408
467
9/23
182
9/8
10/6
10/6
160
225
225
10/31
320
9/8
160
11/4
338
11/17
390
9/20
174
9/27
189
9/20
174
8/10
85
12/26
539
10/24
1/27
7/5
308
314
5
7/6
15
9/27
186
11/30
421
66
"C"
54
34
.9C
CalculatinE machine, purchase for use in office of Supervisor
of Examinations
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
e-1cr-~T •
;i,,. S.J
.vw....
(See Beglll.&Uon P)
~ ~- llm*1"8 Dlrp&rime:nts
~llSC!tm.:~ O'f State CSlber bank• ·with branohes, policy
·• or .comucting •imul taneous to be
~
·'d18contimi'ad.
B.Z;~lil!! %!' nak1ng ailmltaneou.e .,...,1mt1on of Pacific
Soutbweri ~t and SaYinga Bank
and branchea to l>e paid bJ i'RBant
Jim...~~ le-tter 1:o ~t and plan of cooperation
wt th St.aw Sa.peri.nten4ent of Bank•
Ca:pi taI ~ I.See Stock)
:!>. ?.s ISee Pan hderal hreign ln•eetment Trust)
C!tar",,.,a
~ Wl11118 or ~l prod110tion and factory
7/28
58
7/28
57
8/2
67
eaau...
mplo~nt
and
~11•
to be tu.rniehed
te aaeoci&ted pre••
10/5
207
8/17
109
Ci.reu.Ia.-~
~ ~
solioi tt.ng claim against FHBank of
llimtea~l~a,
~ ~
~ o~
•
Qau .A am B Direowre, list
aut!M>rised. to w te
o« flt!' • ' l··~
•ow ra Coaut,.
t
Fi&He
w be aent to FRBanka
lftd.man
~'1
of thoae
~. not to be tranef'erred. to San
.t:awmo Bnaoh territo17
·
l.is1:dlitte• -.inn whioh reaene• are refl91N4.
be.._ oorrespoDd.n be.Dk an4 tonarding but re
•'i•
•t n.nu
~
.
l!t::i-1hft :b-c:a1.-ar cri tioi a1ng polioi••• eto. • am
le"9i- lnrl ~lng cenaia .-ber bank•
"
w - t b g ·~ hrt Worth
"
~ t9 ~ Mtoft 'had of l>lnctore ot JDank
..
Claij
a
ftZ' . ~
lie llal4 Dao. l2. reqiwat ot J'BBNlk to
-.-.n_,_..
J:Jdel• 1 ' • ~-J:.&"'4t•t . . .. .
~ · ·· ·
7' .p 5 * f . ~
·~ ella.r.. or NMJftra Of
• • • 594 iatioml. lNlaka. retiial ot
I
• ~ ' fieMl-. ·to Mw']e
119tlllirr:w '4r1;l8'ng -...i..,. • ~t. oa."t-
°""· ....
7
1,....
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/6
15
acr••••at•
an41 i cm cenaia 1 t.a.t
JDt to be inolwlM 1Jl uw iegulation D
ftrtlP -*'• &, a n!hMnt to p&racl'aph S of Motion 11
D;~~
· il!El~ ..,.,....,. 11111· Jaooba_ la"tier t;o oll•nte on
~ loana 11D4er Jfda44en Aot
le::.Z- ~ ~troller ot ~ oa plan ot
t.s-1nc parilctpir.UDc oeri1t1oa~•
1fl!1!fwna. .3. P.. ~ criUcia ot adain1stratt.oa ot FHBank
m
192
'*
.: ....,-r.
1s
ll!rl
.· · .
•
10/l~
lxl5
273
385
8 24
117
10/~l
325
-12/a
427
9/14
168
9/20
175
10/24
~9
11/2!>
410
7/11>
•/iA
118
15
Pages
58
51
61
09
92
58t
al
32!
16
Clearing and collection: (Continued)
Checks bearing notation "Payable in New York exchange
at current rates", method of
handling by FRBank of Atlanta
Checks drawn against insufficient funds, practice of
certain banks of making charge for
Topic for discussion at next Conference of Governors
Checks of insolvent member banks received for collection,
right of FRBanks to charge to
accounts of
Recommendation of Conference of Governors, to be
referred to Conference of Counsel
Circular of collection agency soliciting claims against
FRBank of Minneapolis as result of
decision in Hugo State Bank case
Deposit liabilities against which reserves are required,
agreements between correspondent
bank and forwarding bank re credit
on certain items
Ruling not to be included in new Regulation D
Draft drawn by Smith Drygoods Co. of Greenville, Ala.,
on themselves for presentation at
national bank, returned by FRBank
of Atlanta
Drafts drawn by banks in Atlanta district on themselves
and payable through local banks in
lieu of checks
National banks in Alabama, practice of stamping checks as
not payable through FRBank, report on
Statement of Newton D. Baker for expenses in case
approved for payment
Noncash collections:
Resolutions of Clearing House Associations that
FRBank of Kansas City be permitted
to discontinue
Proposed new regulation passed over
Not to be adopted at present time
Recommendation of Conference of Governors on
Regulation J, consideration passed over
Form in which adopted
Report of Standing Committee on Collections, recommendation of Conference of Governors
Time Schedules:
Intra-district between Richmond, Baltimore, and
Charlotte
Minneapolis to Baltimore, change from three days to
two days
Richmond, Baltimore, and Charlotte and the other
FRBanks and branches
lit
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/30
133
8/30
9/20
133
177
10/18
295
12/16
516
8/17
109
10/13
11/15
273
385
11/21
403
10/24
310
e/10
85
10/11
260
8/24
10/7
11/14
12/16
10/7
11/14
119
257
371
515
240
361-364
12/16
514
11/26
414
12/28
541
11/17
391
16
Clearing and collection: (Continued)
Time Schedules: (Continued)
Richmond, Baltimore, etc., (Continued)
Schedule to Charlotte to be considered, aTrroved
for San Francisco and branches
Approved for other FRBanks and branches to
Charlotte
San Antonio Branch, changes in
Clearing House Associations of Denver, Wichita, Tulsa, Omaha
and Kansas City that FRBank of Kansas
City be permitted to discontinue
noncash collection items
Committees:
Banking and Currency of House and Senate, drafts of letters
on proposed amendment to Clayton Act
FRBoard, Executive:
Cunningham, E. H., appointed member for three months
James, George R., expiration of term as member
General Acceptance Committee:
Mr. Kenzel to discuss changes in rulings on acceptance practice of FRBanks with
Mr. Wyatt authorized to attend meeting of Subcommittee in New York
Report of Sub-committee referred to Counsel and to
be referred to Conference of Governors
Memo of Counsel on report, to be referred to
meeting of Federal Advisory Council
Recommendation of Federal Advisory Council on
proposed ruling
involving imnortation or
acceptances
Ruling on
exportation of goods adopted
Publication of ruling in FRBulletin for December
Report of Committee accepted and filed
Governors Conference:
Advisory Committee on Legislative Matters, renort on
power of FRBoard to rule on
eligiblity of paper secured by
flour, bran, etc.
Pension, report of
Standing Committee on collections, report of
Open Market Investment:
Meetings with FRBoard:
Copies of preliminary memorandum being
considered by
Minutes of, and purchase of additional
investments authorized
Lotion of Mr. James that official
stenographer be present
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Pages
11/21
400
11/25
8/17
406
107
8/24
119
12/16
505
10/5
10/5
205
203
10/13
282
10/18
296
10/31
326
11/14
371
11/26
416
11/28
11/30
12/16
416
420
516
12/16
12/16
12/16
515
516
514
11/1
330
7/27
48
10/12
268
17
Pages
Committees:
(Continued)
Open Market Investment: (Continued)
Meetings with FRBoard: (Continued)
Motion of Mr. James: (Continued)
Action deferred and substitute motion
to be submitted by Yr. Hamlin
Motion lost
Policy recommended for next four months
approved
Minutes of meeting held July 27 to be furnished
to Federal Advisory Council
Furnished to FRBank of Atlanta and copies
of future reports requested
Purchase of Government securities to offset earmarking and exports of gold, letter
from Governor Strong
Purchases not favored by Mr. Cunningham at present
Report of Chairman on present holdings
Report of Chairman on present position of investment
account
Report of Chairman on present position and probable
shifts in account
on exports and earmarkings of
Case
Report of Mr.
gold and on money market situation
Report on changes in maturities of Government
securities held, shipment and earmarkings of gold, and Federal Reserve
credit in use
Commonwealth Bank of Australia, appointed agent and correspondent of FRBank of rew York
Comptroller of the Currency:
Bancitaly Corporation holding stock of independent banks,
(See Bancitaly Corporation)
Cashiers checks of examiners in charge or receivers of
suspended national banks, refusal
of FRBank of San Francisco to handle
Letter to Supervising Receiver on arrangement outlined by FRank
First mortgage loans as security for trust funds deposited in commercial department of
bank, question referred to
Mortgage loans under McFadden Act, letter to clients of
Kiplinger, Babson, and Jacobs
Letter from Comptroller on plan of issuing
participating certificates
Ruling that reserve need not be carried against dividends
declared but not paid
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/31
11/1
327
331
11/2
334-336
9/8
157
9/8
157
11/17
7/13
11/21
393
31
402
11/25
410
12/5
427
12/14
498
12/22
535
12/16
505
7/15
37
8/24
118
8/17
109
10/31
325
12/5
427
10/20
300
..
Pages
18
Ccmdi ~ion reporb:
WaUoml Bazzka:
Call . . or Jtma
c..u ...
S'tate
~~
zwber lwn••:
Call u ~ .lJma:
Call
a.a~~-
•••kl7"Bill•~
riatenen" ~
b.
..
a::-.
...
.
ml
or . . Opara\iona
~ bE}UE~ ~ ~.
Weekq e'tatuum:::'
270
7/5
10/13
270
7/13
30
9/7
151
7/5
6
3
3
:pffftgnD1
~ w-"•~ changa ill method.
~ :wjmr"~ =:rt to - mi4e
1::
~~end &J:&J.7sie to be
9-noat•. w
7/5
10/ 13
reris1on u
~~iei...
Conference•:
AcooimU.n g p:occatt
11 I
~. ~
GoTU'JIDr' ta tam
""•ticm
Bee
611 -
•
~, .,
to be belJl
Poa 'ti
ts••"
r•tc
.,-
1
~ ~Wr9 Oil
CCt. ~ Jin. 1
1lllilik:
-~~•
h:rft...,
... -
•mmcLD«
am t
\
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-
OOllf•~
- - ...,,:tiill 19 •• -.nta
h ot11m i i I ,
Dnft~Jli' P
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'• .r walto.m
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-·•-hr . ,-· n. :n
I S I r:lb 9t..lilmDI~&
hid•
. _,
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
J
348
11/ 9
~52
12/ 16
511
12/16
513
a/ so
9/ 2?
130
190
10/6 .
226
t/8
t/20
158
173
9/%:>
l~
t/27
199
9/ 2?
200
t/20
175
t/20
173
-1-1w••• ...iazeclati cm
ftJ
T
79Z
:a. a .- 26
Cl•m
I
Prognm PriS'
d
11/8
---~ --~
~
19
Pages
Conferences:
0
d
7(
(Continued)
FRBoard: (See Hearings)
Governors:
Recomiendations of:
Acceptances, bankers, legal determination of
negotiability of certain, Conference
of Counsel of FRBanks to meet with
•
Messrs. Wyatt and Baker
Checks received by FRBanks for collection,
right to charge to reserve account
of insolvent member banks
Deposits, definition of savings and time, in
regulations of FRBoard
Deposits in member banks by building and loan
associations, etc., classification of
Financial stater.ents to be filed by subsidiary
corporations under Regulation A
Flour, bran, etc., eligibility for rediscount
of paper secured by, request for
reconsideration of ruling
Again considered, amend—ent to FRAct
suggested
Form of credit statements, not to attempt to
standardize
Functional expense reports to be revised
Noncash collections, opposed to regulation
governing
Regulation again considered
Pension Committee, report accepted and to be
filed
Regulation D, reserves of member banks
Reimbursement of FRBanks for expenses for
Governmental agencies
Report of Standing Committee on collections
Report of Sub-committee of General Committee on
Bankers Acceptances accepted
Status of, Governor to advise secretary of
Conference of
Safekeeping function at FRBanks, memo of Counsel
on report submitted at
To be held in Washington Oct. 26, 27 and 28
Postponed one week to Nov. 2, 3, and 4
Topics for discussion:
Charge on checks drawn against insufficient
funds, request of FRBank of Minneapolis
for ruling on removal of certain
nonmember banks from par list
Checks of insolvent member banks, right of
FRBanks to charge to accounts
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/16
513
12/16
516
12/16
516
12/16
512
12/16
511
7/28
61
12/16
513
12/16
12/16
512
514
11/14
12/16
371
515
12/16
12/16
515
516
12/16
12/16
514
514
12/16
516
12/16
517
7/28
8/30
9/27
62
130
190
9/20
177
10/18
295
Pa.gee
Conterence a: (Cont 1n.u.ed }
GoTernons CContimied )
"°Pie9 tor di•cuHioni (Continued)
Depoait• of building and loan aeeooiatione,
mutnal •Tings banks, etc., in member
· ,banks, cla eaitioation of
bpeneea tor eenioe• performed for GoYernmental
a&m101•• other: tb&n 'freasury, reimlna:J'eement ot PHB&nk• tor
7Snance eompaniee specialising in bank stock
imeatments, ooplea ot mamorandm
nlaitte4 by Mr. CU.
:a.d.i scount ot paper ot oorporat1one having
nb•141ari••, med tor eepara te
tin&noial at& taent ot nbsidiary
oozporat1ona
a.port of Sl:Lb-o~ ttee of General Acceptance
CGlll1ttee referred to
BeserTe• a• atteot.cl b7 conYersion or deposits
tram dem&nd to tilae ola1aifi0&tion
or indoraement on bankers aoceptancea to show el1gib111t1 tor redisocnmt
Sta.nd.•rd.hing forms or nat.ent required b7
l"lll&nk• in connect loii w1 th re4 i •oount ot paper
Uni!OJ'B rate• of discount throughout ll'RS7et•,
action poa~md
!'oplo aD4 letter 41 mappro'Ncl
Ott1ce.r• in ch&rp ot enmSnation at J'JIB&nks to
Wb:ld7 nn 1tan4ard fora ot report
9/20
7/ 5
175
7
11/ 4
541
9/8
158
10/31
325
1/ 5
1
S tau!!!l• rd. tora
. propoM4
• rrlce of Corporation 'l'ru'\ Co., nbeorlption
approft4 .
Comolldat iomt:
B.- of aa.r.., Cberaw, .s. c., ooneolid&,1on with B&J3k of
Cbeawrti•lcl couv with .branohe• and
operatioa ·ot bl"UObea
..., n..larci fora of u:e1•t1oli. report -to be u9ecl
10/ 18
290
9/20
174
9/2'f>
9/2?
183
200
10/18
293
12/6
451
12/13
488
12/ 14
491
12/16
502
12/16
519
1/24
112
12/u.
6$2
~n10!:al
.
iA-autnSn«
• an. llD1'- .aJl4 &._, requeW to appear before
~
.
am.cl 'b7 Kr. Bozton, referred
io Goftnor ·wt't.h power
--*: d . . . • ··~Co. , ... fork-, &laeorptiOll Of Bank ·'
·
., ~ llSpt1 .wttb bruche•
. . llil4 O]»eati• . . 1t1UOM1
t;t.e14 'but Co., >1~•14 9 • · Z~ • •qer w1.th
n..ne14 ·mattOlial~ "'*
AppllcaU•
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.,,t
reac
21
Pages
Consolidations:
(Continued)
Broad and Market National Bank and Trust Co., Newark,
N. J., to merge Forest Hill National
Bank and operate as branch
Brooklyn Trust
Brooklyn, N. Y., to take over Bank
of Coney Island and operate as branch
Camden Safe Deposit and Trust Co., Camden, N. J., taking
over of Central Trust Co., and
operation as branch
Central L:ercantile Bank and Trust Co., New York, control
of Bronx National Bank bought by
affiliated company for
Federal Trust Co., Newark, N. J., merger with Springfield
Avenue Trust Co. proposed
Advice of completion of merger
Hadley Falls Trust Co., Holyoke, Mass., with City National
Bank of Holyoke
Hamilton Trust Co., Paterson, N. J., to absorb business of
Totowa National Bank and operate as
branch
International Germanic Trust Co., New York City, may take
over Terminal Trust Co., and operate
as branch
Interstate Trust Co., New York:
Franklin National Bank and bank of Bloomingdale
Brothers, merger into branches of
Hamilton National Bank, absorption proposed
Junction State Bank, Junction, Texas, with First National
Bank of Junction without approval of
FRBoard
Los Angeles-First National Trust and Savings Bank, formed
by consolidation of First National
Bank of Los Angeles and Pacific
Southwest Trust and Savings Bank
(See also State member banks, Pacific Southwest Trust
and Savings Bank)
Manufacturers Trust Co., New York City, controlling
interest in Low-acre Bank purchased
by company allied with
Merrill Trust Co., Bangor, Me., negotiations to take over
Waldo Trust Company, Belfast, and
operate as branch
Municipal Bank of Brooklyn, N. Y.:
Kensington Bank, 743 Church Ave., taken over and to
be operated as branch
Nostrand Bank of Brooklyn, purchase of control of
To be continued as branch after Nov. 1
Pacific Southwest Trust and Savings Bank, to take over
Bank of San Fernando and consolidate
with branch there
Advice of consummation of deal
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/28
54
12/14
496
10/27
316
7/28
54
8/10
10/5
84
205
11/25
406
11/1
330
12/14
496
7/6
12/22
16
533
10/20
300
9/2
140
9/2
141
9/20
173
10/20
9/2
11/1
300
141
330
7/28
8/17
53
104
zz
P&gee
caa-u.u.lion.a&
( ConU.nu.ecl )
S'tate Bank of lladelia, llinn., absorption of Firet lational
Bank of lladeU.a appro••d
t::n.1 ted s.ant and '!'rut Co. , San Franc i eoo, Cal 1 f . :
i\anca Popolare Popsi, proposed
Telegr911 to ~t at San Francisco on plan of
conaolid&tion
1'rench America.a Bank, rlolation of agreement
Banci tal.7 Corporation re holding of
nook
i&.> of C<nm.Ml on
Conaiclered rtolaUon of agreement b~ FRBoard
of letwr troa Pree14ent of corporation
&n4 opinion of CounNl of FRBank dieagreeing with poai tion of B0&rd .
Worctener Coant;, lational - ~, Worcf.eeter,
formed
b,- consoU.d&tion of Kerchante National
Bank of for4eeter &n4 11 tehburg Bank
b,.
Cow
Ya••·,
and. h'G.8~ Co.
Co::Iwut:iCl!:S:
iaerlca.D Bankers
.Ueooi&~ion
ot Fitchburg
114
12/ 28
541
12/30
547
9/14
166
194
9/27
10/13
274
11/30
422
8/24
118
10/6
226
7/ 21
44
in 1M.lla•, telegram expre••-
ing appnciation of po•tponement of
~erenoe• of PftA89nt and Goyernore
~tiom..l
8/24
ueociation of State Bant SuperYieore, ••bere of
nBoar4 inn ted to attend
Co::ftZ'W'lom:
Plclel i
v
Bank and h'u't Co., ~phis, 'l'enn., report on
plan8 '\o naUoaaliH and reduce capital
nook
10/ 31
ft.rst •uoial Bank, Book Springe, w,o. , into State bank
Corpma~oza
hut Ce.
Co"°8 lll;pon lrlll•a
C ewl, i&u•1rei
i
aD4
application for meaNrlhip
nb80ription to Congreedonal eerYioe
See Swrlln8 bill• J
Coafa._.,
14'
c ....1.
~Ung of refernd to Qonrnor with power
GoftnlDr to take 1IP an.r tire'\ ··of 7Mr
-.C
11 Mlati0ll of Co.terew ot Gonmore on
a. M••, Biuop am 1)Qee, tM la oormection w1 th
aa••WIR a911n•t nBank of Chio&80
324
10/6
12/6
207
451
11/9
12/ 16
352
12/16
511
'513
12/30
54-7
10/18
290
8/lT
108
C..•ala
~Oft
~·.
Mnk•n. •tan4.ar6- tom ot endor. . .nt
w
~oua kUo~l
be plaoff
oa .
.t
Jut. :i.nrt11e, ta. ,.4epc•tttng
. of .OW• 1& tn•t 4•J&riment to NCra.n
trut tm:Ml• 4epoa1W 1a oamMroial
.
· ~
~. ~- D••
·
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
aa--1
_..
ta~~-
,.,_,
~U.a · la NOellt
J>t1u1ot approftd tor
f'OI'
•
•
I
260
23
Pages
66
94
74
16
44
201
461
61'
541
29(
Counsel, General: (Continued)
Memoranda of: (Continued)
Bancitaly Corporation holding stock of independent
banks (See Bancitaly Corporation)
Bloch, Jesse A., application to serve interlocking
directorates temporarily refused
Bugbee, N.A.K., application to serve interlocking
directorates temporarily refused
Application approved
Cashiers checks of examiners in charge or receivers
of suspended national banks, refusal
of FEBank of San Francisco to handle
Checks of insolvent member banks, right of FRBanks
to charge to accounts of
Circular of collection agency soliciting claims
against FRBank of Einneapolis,
to be sent to FRBanks
Citizens National Bank, Brownwood, Texas, report of
Department of Justice that not
guilty of violation of law
Commercial State Savings Bank, Detroit, Mich., cancellation of stock in FRBank
Congressional service of Corporation Trust Co.,
subscription approved
Corbin, Alfred O., application to serve interlocking
directorates held
Corn Exchange rational Bank, Omaha, Nebr., request
of Stout, Rose, 'jells, and Martin,
for certified copy of document
signifying acceptance of Pict
Draft of letter transmitting certified copies
of documents approved
Deposit liabilities against which reserves are required, agreements between correspondent bank and forwarding bank
re credit on certain items
Ruling not to be included in new Regulation D
Ennis, Scott F., application to serve interlocking
directorates refused temporarily
Final action deferred to allow Mr. Ennis to
appear before FRBoard
Pailey, Bruce F., application to serve interlocking
directorates not now necessary
because of consolidation of banks
Federal offense for officers of member banks to
make out false financial statements
to secure rediscounts
FRBanks opening accounts with examiners in charge of
suspended national banks, letter to
Supervising Receiver
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/11
10/5
11/17
91
208
390
7/15
37
10/18
295
8/17
109
7/21
46
9/8
159
12/6
451
12/22
533
12/28
545
12/30
549
10/13
11/15
273
385
8/12
99
11/17
389
10/13
271
9/8
160
8/24
118
'I
Couael, General s (Con ti.Jm.ed )
lSelporanda
ots (Continned)
l'B81llletin, publioation of a rticle on applica.bil i
v
to SW.te 1u•b•r banke of orim.lnal
. pNYiSiOnl Of JRAot and Bert sad
Statutes
7/ 15
~o
8/ 2.4
121
8/ 11
10/ 6
225
11/ e
~.,
/15
~
Peee of Bandolph and Parker, a.n4 Smith and 1'enrees
in e&M or L & • Bailro&d Y. bahrtlle
Branob
Ferrie, lau.c, application to eene int.rlockiDg
. ~inotora tee tmpota:riq ntued
Action reooneld•red am applioation approffd
Piduoi&17 p0"r1, exeroi• b7 m.tional b&Dkas
D1atr1ot ot Coll11lb1a, Board baa .no authorl
to grant general power to
Iebn.Ua, letter w l>eP'lV Comptroller ot ~
v
Oa..nuq
1
Pi.rat Ped.era! Jonip Iirreatment '?ruts
Pin&noial aW.t.mit• filed in oonneo~ion w1 t.h
· i•eu or gold not.a
9/ 2:7
Joreisn 'bond•, ri~t to aot a• co-trustee t'or
1•eu of
8/24
Intorma~1on filed under Begulation I in oonneotion
wi ~ 1•aa.e ot gold
no••
9/n
lnyeewnt in atoot ot other corporationa, to
obW.in oonaent of Bo&m before -.oh
9/27
Ottice u1nW.ined 1n Mexico Civ &Dd one pro. poMCl in Bru1l·, •taua of
11/ l T
Share• ot $100 par • l u to . be apli t inw
· lbare• ot tu pu f t l •
11/15
P11hbunl, J. B., oonriclen.tion ot raYOoation ot perait to •l"ft 1.Jlw~looktDg dtreewrawa
beoau" ot cbaqll. of ata'tue ot banks
10/5
~t at San hano·iaoo to npon on atatu
of 41reotoatea eo.noerDl4
10/18
Io aouon tow..rc1 n._tion of pend t
11/ 4
Piaher, Tiotor s., appltcatJon to .•ne int.rlocki.D«
41reoton.wa, to be peat'\tecl
Rlllli t · &441 tlo•l •T14enoe
7/ 12
fttsp&triot, Pal Y.,_ aotioa 01l afpl~•tlon to aeTN
in'Mrloottq 4iNOton.wa «dern4
12/22.
llour~ laran, aottoPHCI oil, eto., el1gibll1V t'or
'°
"41..._t
---:
of
pape-r eecmrecl
12:2
191
19!.
~~
~
212
291
~9
2!5
~
1'7,
fOJ' NOODa14eat1•
•lldaUoa ot
·
T/ ttJ
~noie ot. C:o.,..n,
.._.n.t
n1ntr1Dt ."• JIAn
~nip "bruoM•· ot &,tat9 z~•e llaaib, rilllt le
...._~.lot . ,
Op~- •t Oa zMl nJMt.4, opJJdaia of A"4»2aq
•.--u•
· ·~·
1%
nqun ot Contennoe of Go't'nmra
Blea
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
s1
Gemnl to lie Ub4
__
"""""'_..
,.. ...,
.. '
_.....
·'
,.
-
61
U /16
51'
12/5
428
U/14'
49'
25
Pages
Counsel, General: (Continued)
Memoranda of: (Continued)
Form of application for surrender of stock under
Regulation I, change in
Gerard, Julian M., action on application to serve
interlocking directorates deferred
Goodwin, John A. application to serve interlocking directorates temporarily refused
Gourley, W. B., service on interlocking directorates
Granger, Albert R., application to serve interlocking directorates definitely refused
Hale, Marshal, application to serve interlocking
directorates temporarily refused
Further action deferred pending hearing granted
Interlocking directorate applications involving
nonmember banks, action deferred
Interpretation of sections of Revised Statutes in
connection with State member banks
that have impaired capital
Action deferred
Memo of Assistant Counsel answering inquiries
raised by Mr. Gilbert, approved
Iron Exchange Bank, Hurley, Wis., nonmember clearing
bank, advertisement that it is
correspondent of FRBank of Minneapolis
Jones, Richard W., application to serve interlocking
directorates held
Kraemer, Louis F., application to serve interlocking directorates temporarily refused
Language used by Moard in certain press announcements and circulars, letter from
Governor of FRBank of Philadelphia
Liberty State Bank, Lorth Liberty, Ind., termination
of membership, proper course for
Lisman, Frederic J., application to serve interlocking directorates held
National Shawmut Bank of Boston, application to invest in stock of Shawmut Corporation
approved
Oakland State Bank, Oakland, Nebr., condition of
"Outlying districts", definition of term
Definition submitted by Mr. Collins and 1:r.
Wyatt adopted
Page Bank of St. Louis County, Mo., advertising
that it was member of FRSystem,
report on
Page, Louis, R., application to serve interlocking
directorates temporarily refused
To resign from one bank, approved for other two
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/30
130
12/22
533
10/5
11/15
210
383
10/5
208
8/24
10/5
116
210
11/21
401
9/20
9/27
177
196
10/18
294
10/20
301
12/22
533
8/12
99
12/8
463
10/27
316
12/22
533
7/12
11/30
7/5
25
424
8
8/11
94
7/6
16
7/12
7/21
22
41
26
Counsel, General: (Continued)
Memoranda of: (Continued)
Parmelee, H. H., service on interlocking directorates
Power of lathoard to withhold privileges from member
banks violatinc: FRAct or Revised
Statutes
Board can require forfeiture of membership but
cannot restrict privileges, opinion
approved
Rathbone, Albert, fee in connection with revision
of Regulation K approved
Rediscount of certain sight and demand bills, elibibility of, amendment to FRAct
suggested by Senator Morris Shephard
Rediscounts of paper of corporations having subsidiaries, question of separate financial statements, referred to
Conference of Governors
Regulation K:
Amendment to Section XI (b) adopted
Letter to First Federal Foreign Investment
Trust and circular to FRBanks on
Amendment to Section IX adopted
Regulation on purchases and sale of foreign bills of
exchange and acceptances, more
information requested
Regulations, authority to set up new edition in type
(See also Regulations)
Report of sub-committee of General Acceptance
Committee
Reserves maintained by National banks against foreign
deposit liabilities
Roosevelt, George E., service on interlocking directorates approved
Safekeeping function at FRBanks, report submitted at
last Conference of Governors
Savings accounts, classification of certain special
reserve savings accounts as, ruling
to be published in FRBulletin
Security Bank and Trust Co., Bakersfield, Calif.,
surrender of FRBank stock formerly
held by Security Trust Co.
South Bend State Bank, South Bend, Ind., eligibility
for membership in FRSystem
Specht, Joseph C., application to serve interlocking
directorates temporarily refused
Advised of action of FRBoard and allowed to
present additional information
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Pages
11/15
30
9/20
176
10/18
291
7/6
8/30
13
9/8
158
8/11
8/24
101
111
30
8/30
7/28
101
5
11/14
3/1
9/27
10
12/20
52
7/28
7/15
Zi
11/15
38
9/8
iS
8/17
1.()
9/20
27
Pages
Counsel, General: (Continued)
Memoranda of: (Continued)
Specht, Joseph C., (Continued)
Action deferred until Law Committee confers
10/31
with Yr. Newton
11/4
Application approved
State-Planters Bank and Trust Co., Richmond,Va.,
purchase of capital stock in
10/31
bank to be organized at Honewell, Va.
11/4
opinion
for
To be referred to Attorney General
(See also Department of Justice)
Stock of FRBank of Chicago owned by Farmers State
Savings Bank, Bay City, Mich.,
7/12
application for cancellation of
of
because
surrendered
be
Stock of member banks to
expiration of charter, form of
8/30
application for
Seminole,
of
Bank
State
First
Application of
9/27
Texas, for surrender of stock
interlockserve
to
application
Thornton, Henry C.,
8/17
ing directorates temporarily refused
To be given opportunity to present more infor10/5
mation on competition of banks
11/21
Application approved
Tuechter, August H., application to serve inter12/14
locking directorates approved
articles
Corporation,
Financing
United States Foreign
of association and organization
11/21
certificate
to
Governor
referred
charter
Application for
12/5
with power
with
deposited
securities
of
surrender
Wisconsin,
State authorities by national banks
desiring to terminate fiduciary
10/24
activities
Worchester County National Bank, Worchester, Mass.,
surrender of stock not necessary
8/24
of consolidation
because
Court
Cases.
Hugo State Bank v. FRBank of Minneapolis, circular of
collection agency soliciting claims
8/17
as result of decision in
L. & N. Railroad v. Nashville Branch, fees of Randolph
and Parker, and Smith and Vertrees
8/24
in connection with
Credit -,.
cr_
investigations: (See Examinations)
'it policy, copies of statement of 1.:r. Cunningham furnished
to members of Federal Advisory Council 9/20
Credi +statements, not to attempt to standardize, recommendation
12/16
of Conference of Governors
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
322
339
326
340
26
132
195
103
209
401
494
400
431
311
118
109
121
174
512
--...... -.
s.eur1v lfrast a.m
• •• ::he:n ~ f1:::o:!~ a.t
Ciwlo•cr.
S&•inge.
reported
to local um t.114 sat.e• D1rtr1ct
~
~le• to be
ot lo•
.l:ttuz:aq
~
'1SP
8/24
120
9/23
182
9/27
199
Ci7: ( See &.gpmi. . I
c.i.n ~ • ..,..,,...._ ot •• rr• .Allarica.D colD for United
States ~ · reqgened
Sec:retal:7 o~ 3o&..-d .._ta>rl.-4 to omrple~ negoU&Uone
ftrl' e•dwz\!.W
CVrna:r:
.
•
BnatH.an,. t.D:f\>z:a.tiaa •
staMHa.Uoa requsted b;T Pirst
7/28
.f edeft.l Porel-p !Jlft.-.U~ !Tull~
bz::ha-~ betw:i om.- ~1 1!'1117 mil 1lulm& ~7 ot excess
Jlllll:ri.CIUl ooia t~ United State•
eane:aq
.9/23
s.a.ar,.. of Beard a:dMrlsed. to complete negotiations
tor ~
9/27
~ G::1 opeza-i:!va ot 5&9Ca ~I (See lfu:aUon)
56
182
199
Dan.rdt:l.om
"Oa:u.,1.ng D1.n:rle~· . . . . . . i iJ1 ~ and Bertaed. Sututes,
.c..t tiUd lt7 llr. .El.ler
7/ 5
Dan.m ttcm nlm1tied 'b7
COllin.a and W)'att
«a;t.d
z.s.n.
8
8/ ll
94
7/21
46
8/10
87
7/12
24
8/17
9/2
108
142
:0. ~ 3-?:k o~ -.twdw: ( See ~reip bank•)
~~hati.ce:
CS.ti...,... •uora1
a.s:_ Brow
not go.11 t7
law
Drldllll.caU.oa bl eolleetlca ~ of J'BBallk of
1 all. ~.
rtol.&Uons
'
Wk
ot
~
pol u
to M N]Mtl"iied 'to
rlar. LC•• petQ ildewn7 a~ l'Dank ot Boston
ta lie rwJllOn.l u.
Dir•
., ™•
a.n..ft L • wiolat1-
o~
Seetion 22 of P'BAot to
lie I j l t t e l
le'"9r fJ'Gm Cevrw Staasg Oil
Paclfto Sow•'
, , ~ . . . SniJag9 . . . . . reporttn«
et' dola$tew Ot ~Md Statute•
l'9lat te. new. o'f
Bewton
..... -
stataa of'.Jllw r.r
HOI9
•nra
1-,u• aDll •'\bod ot
~ 119 ~- 1'7 JIJ'. -.non
CS.. St..•
trr -...J
,.._. k1* et St;. i - t . Cc l;/I".
ltlP"
et"
..,
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
saw
z;
T/6
l
7/5
12
7/6
16
mo.•
a4wer \"laing aa -ber
er J.,..tw.. ~ ·~ .
1r - . . . . •
eeta1111* .:fQn1•
..... _ 1D - . . . .
s t d GK OrtJ a 4!n8t o.. tllat
..,_,Mlllewitprl•
-m.uohe•.
•*'nc
n>r
12/l~
497
u/u
~5
29
Pages
1.2(
Lf3
L9
19
41
iO
1,
1
49
D
epartment of Justice: (Continued)
Sections 5208 and 5209 of Revised Statutes, suggested
amendments to make misapplying of
funds a felony in all cases
State-Planters Bank and Trust Co., Richmond, Va., purchase of capital stock of bank to
be organized at Hopewell, Va.,
opinion to be requested
Inquiry withdrawn by bank, letter to attorney
General to be revised
Letter referred back to Governor with power
Letter sent to Secretary of Treasury and reply of
Mr. Mills of transmittal to Attorney
General
Department
of State: (See State Department)
Deposit liabilities against which reserves are required,
agreements between correspondent
banks and forwarding banks re
credit on certain items
ling not to be included in new Regulation
Ruling
De
liabilities, foreign, reserves carried by national
bank against
DePosits:
Building and loan association, mutual savings banks,
etc., in member banks, classification
of
Recommendation of Conference of Governors on
liember banks, tendency to convert from demand to time
classification
Savings and time, definition in regulations of FRBoard
Trust Funds of national banks in other banks, collateral
security for
(See also Regulations)
Chairmen: (See Directors)
,D,ePuty,
ljeweY, Charles S.: (See Secretary of Treasury)
Directors, FRBanks:
Ballots cast in elections not denoting second choice of
two candidates or not marking cross
opposite name of one candidate invalid
Complaint of FRBank of Boston, position of FRBoard
reaffirmed
Class C, District Committees to submit reports on appointments prior to Dec. 8.
Changes in position of FRAgents, discussed and made
special order for rov. 15.
Discussed informally and appointements made special
order for Dec. 8.
Election of Class A and B:
Change in circular of FRBank of Chicago listing
those authorized to vote
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/26
415
11/4
340
11/8
11/15
349
386
11/17
388
10/13
11/15
273
385
9/27
194
9/20
12/16
175
512
7/5
12/16
7
516
8/9
72
394
413
350
354
386
9/27
192
Pages
Mreewra. FRBank•t (Continued)
Election of Claes A and Bt (Continued)
Change in method of notifying banke that their
ballots bad 'been reJeoted
Date tor opening of p0lle eet tor lo.,. 15
In -procedure to be followed in. reply to letter
trom FBA8ent at Dallas
1'BBank o t Atlanta s
Clase B, eleotion of auoeetsor to w. H. Hartford,
procedure for
H&rrie, George s. , a.ppointed Claae C
Hartford , w. B., death of
Procedure for election of eucoe11or
Hopkins , Lind•e1, coamunicatione recommending
H&ppointment a• Ca•• c
Designation effeetiTe at once, aooeptecl
let~ig, w. B., redeeignated Deputy Cbairma.n tor 1928
Lea, Luke, elected Cla.H :B for unexpired t erm of
W. B. Hartford
".
Oath of office iaken Oot. 14
llcCr&rJ, J. A., reeleoted Cla•• B.
. . . t{n.g t.o be held at iew Orleane Branch on Ho•. 11
lewton, Oae&r, redeeignated FB.lgent t or 1928
Young, B. Lane, elected. Claee J.
9/ 27
l~
9/27
192
9/2 7
19:.i
8/ 10
12/ 8
45a
82
8/2
7C
8/ 10
22
12/ 8
450
12/ 12
12/ 8
468
450
10/ ll
10/18
258
269
12/ 5
10/31
12/8
12/ 5
~2
~20
456
432
1'BBaDk Of BoatoDJ
Ballou tor election of Claee "A" and "B" not
denoting eeoon4 ohoioe not
to be ocnm'Mcl
Cu.niH, Fred.erio B., nde•lgn&Wd PBl.pnt
Bollie, .Ulen, ree.ppointed Cl&•• C and redeaignated
Depuv Chairman
l.ennard, Ida.rd s., reeleoWd Cl&ea . .&.
lleet1ng to be atwDd.ecl b7 GoYernor Young
Waahburn, Charle a G., reelected Cl...a :B
J'Jl!aak of Ch1ca60 i
Bea\b, . ..... ' reappointed ci..•• c a.nd redeeignated
nApnt
.
leJ'D014e, George ](., rMlM~ Cl&ee A
S111paon. J-..e, reclea1gnate4 DelftlV Chairman
Vopl, J.Jagui B., r•leot.4 Clue B
JPDank of Clnel&nds
Ba.ah, B. P•• elected Cw• B
JJreeaap, Georp, rtH!••ipa'-4 ~t· tor 1928
~t, •· w., N&ppointed .C liee C tor three years
S.U, o. I., reel.H~
A
.
s+e=bn.gt>. Jo=.- a4.rloe ot dea\b o:t. euo°'•90l' w
\.
be elea.W. at N&'llU· eleotion
Will~•. L. B., recleatgmWcl Depat_y Cb&11M1l
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Cl.a••
I
·'
11/26
12/ 8
12/8
12/5
10/18
µ/5
12/8
12/5
12/8
12/5
12/5
12/8
12/ 8
12/5
10/lS
12/8
271
455
31
Pages
Directors, FRBanks: (Continued)
PRBank of Dallas:
Election of Class A and B, question re new procedure
19
in
Fees, allowances, etc., for attending board and
committee meetings
Frost, J. H., reelected Class A
Linz, Clarence E.,:
Criticisms of management of liEBank, letters
0
with respect to
40
Redeisgnated Deputy Chairman for 1928
1
Milam, J. R., elected Class B
Perkins, S. B., reappointed Class C
Policy with respect to purchase of bankers
4!
acceptances
Walsh, C. C.:
Building for San Antonio Branch, present at
meeting of FRBoard to discuss
Redesignated FRAgent for 1928
FRBank of Kansas City:
Brass, E. M., appointed Class C for three years
Byrne, Thomas C., reelected Class B
4!
McClure, M. L., redesignated FRAgent for 1928
Parks, C. C., reelected Class A
Petrikin, William L., designated Deputy Chairman
PRBank of Minneapolis:
Clark, Homer P., reappointed Class C and redesignated
Deputy Chairman
40
elected Class A
J.,
Farup, Karl
Mitchell, John R:
Redesignated FRAgent for 1928
Vacation for two weeks, advice of
Owen, John S., reelected Class B
4!
FRBank of New York:
11cGarrah, Gates W.:
Absence to attend meeting of General Council
of Reichsbank approved
Director of Bank for Industrial German Debentures, to serve until expiration of
term as member of General Council
of Reichsbank
Letter to Yr. McGarrah on
Redesignated FRAgent for 1928
Vacation during month of July
Reyburn, Samuel W., reelected Class B
Runkle, Delmer, reelected Class A
Woolley, Clarence M., reappointed Class C
Young, Owen Ds, redesignated Deputy Chairman
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/27
193
12/22
12/5
533
433
9/14
12/8
12/5
12/8
168
460
433
459
10/18
295
11/4
12/8
343
460
12/8
12/5
12/8
12/5
12/8
459
433
459
433
459
12/8
12/5
458
433
1218
7/28
12/5
458
52
433
8/11
91
10/31
11/1
12/8
7/5
12/5
12/5
12/8
12/8
324
329
454
3
432
432
454
454
I
I
Direotor1, PBBank11 (Continue4)
PBB&nk of Philadel phias
AU8tin, Richard L •• redeaignated FRA.gent for 1928
Dorrance , hthur c. , elected Clae1 B
Harrison, Cbaa. c., reeignation ae Clase C to be
1ougbt because .of 111neea
Letter trom c. c. Harrison, Jr., on b.eal th ~f
hie father, to eene until expi ration
ot t erm on Dec. ~l
Announcement of appointment of Kr. John son ill
I
t
l
place ot
Johnson, Alba B. • now Cla1e B, to be offered
appoin1ment ae Claea C &fter reaigna.tion of Cb&e. o. Harrison is obtained
Announcement ot appointment as Clase C and
procedure for election of 1R2Coeaaor
a• ClaH B
Appointed. Claaa C and designated Depnty Chairman
Reily, George w., elected Cl&H A
FBBa.nk 0 f Richmond I
Delano, hederio A., reappointed Clase C and redeeignated Depo.t)' Chairman
Roxton, w. W. s
Bond of
Charlotte Branch, w appea.r betor. i'RBoard on
b7lan, pereonnel, houaing. etc.
Coneol1daUoa ot Ba.nt of Cheraw and Bank ot
OUaterfield
ecnmv.
before JBBoard. on
12/ 8
12/ 5
10/ ll
10/ 24
l l / 25
10/ ll
261
11/ 25
12/ 8
12/ 5
12/ 8
455
9/ 20
l ?C
7/ 15
M
12/ 16
12/ 16
12/ 8
12/5
502
519
456
~2
~
to appear
~ -
Application not recommend-4 b7 Mr. Boxton
Weaigm.ted. !'BAeent tor 1928
Btman, Charle• x. • reelected Claaa A
Strudwick, ldnmnd, reelected Clan B
12/ 5
Of St. tcro.1.11
Boehne, John w., redeeignated Depu~ Chairman
12/ 8
•run, • · lfoC, reappointed Cla11 c and Nd••lenated
1'BA89nt
12/8
Ham, llax B., elected Cla11 A
12./5
1BBank
•111, Bolla, r.eleot.4 Clu• B
ot San Pranoi IOOI
12/ 5
458
4.58
~
4S!5
1BBank
Koon, Wal ton I ... re&pJM)lntff. Cl&•• C a.nd redeaignatecl ·Depuv Chail"ID&D
12/ 8
Wewton, 1-..o J.1
Building 11 te tor Loa Anpl•• Branch, diaouaion
wt~~
11/9
Paoitio Scna.~n 'fn.et ~ S.rtnp -i.nk, pr.Mn\
at liffUJl8· Of· JaOM'4 to 41llO'ILN
nol&Uou et la• 117
7/5
•port Oil . 01 · nte&'101l wt th )Ir. Bobiuon
on pl.au tor r.orpniaa'\icm ot buk
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
T/6
l
12
33
Pages
z(
Directors, FRBanks: (Continued)
FRBank of San Francisco: (Continued)
Newton, Isaac B.: (Continued)
Pacific Southwest Trust, etc.: (Continued)
Presence before Board requested for
Oct. 11, to consider reorganization
Advice that he is leaving for Washington
Reorganization discussed by Mr. Newton
and 11r. Robinson
Motion of Yr. James to leave action in
hands of 1..r. Newton, approved
Redesignated FRAgent for 1928
Request to appear before FRBoard on Nov. 9
No meeting on July 21 because of lack of quorwn
Sesnon, William T., reelected Class B
Whipple, howard, reelected Class A
Directors, FRBranch Banks:
Baltimore Branch:
.
James, Norman, appointed for three years.
Birmingham Branch:
Allison, E. F., appointed for three years
Branches of FRBank of San Francisco:
Amendments to bylaws because of reduction in size of
directorates
Appointment not necessary because of reduction in
number of directors
Number to be reduced from seven to five
Regulation of Board requiring that one reside outside
of city in which branch is located,
waived for 1928
Suspension of requirement of branch bylaws re
appointments of chairmen of branch
boards
Buffalo Branch:
Chairman of Board, requirement of bylaws waived for
1928
Duerr, Edward A., appointed for unexpired term of
John A. Kloepfer
Appointment accepted
Hough, Arthur G., reappointed for three years
Kloepfer, John A., death of
Charlotte Branch:
Appointements already made
Cannon, Charles A., appointment made definite
Law, John A., appointment made definite
appointment made definite
Morehead, John L
Press statement on personnel of
Cincinnati Branch:
Verity, George M., reappointed for three years
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/6
10/7
218
228
10/11
261-264
10/12
12/8
l4
7/28
12/6
12/6
265
460
345
51
451
451
12/8
456
12/8
457
12/28
540
12/8
11/28
460
417
12/5
426
12/12
468
12/28
545
10/5
10/6
1/8
7/5
213
224
454
4
12/8
8/17
8/17
8/17
8/24
460
110
110
110
124
12/8
455
• Ba.nltsi (Continued. )
Directors, FBBranoh
Denver Branchs
Ge.no, 1!.etti·U •·, reappointed t or three ,-ea.rs
Detroit Brancha
llcHorran, Darld., reappointed tor th.rff )'f!ll&r~
Diltrict oommitteee to aubmi t reports on ~po in~ t s
. prior to Dec. 8
Bl Paso Branch1
Crawford., A. J. , appointed. tor three ,..an
Kolternot, H. L., reeigna.Uon tendered 'beeauM now
1n San Antonio territory, no ob j ec t ion
to 1enlllg reet ot ~a:r
Helena Branch•
Sieben, Henry, reappointed for 'three yea.rs
Houston Branchs
Peden, E• .A.., reappointed tor Ulree 7ears
Jackeonrllle Branch1
Chase, s. c., appointed tor three 7eare
Little B.ook Bran.chi
Williama, Hamp, reappointed for three 7ea.n
Loe Angele• Brancht
Number reduced from se-.en to fi ••
Loui ni lle Branch:
Cox, Attilla, candidac7 for pol1~cal o ffice oakea
ineligible '\o
u director
Reynold•, John T., elec'-d to nceeed .i:ttilla Cox,
ineligible while eerrl.ng u Coa:aiif
••rY•
tnan..rer
lotice of reeignation aa eo.iv
qua]. 1f7 aa ell recwr
......____
~r
H.,
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/ 8 .
457
11/ 8
~5-0
12/ 8
460
e/ 10
8Z
12/ 8
459
12/ 8
460
12/ 8
457
12/ 8
458
11/ 28
41 7
7/ 28
9/ 2?
191
10/12
12/8
266
458
12/8
458
8/2
70
10/18
289
12/8
456
12/ 8
4.56
U/8
459
9/~
174
·
Bu.eh, .Ubtr'\ P., reappointed tor t.hrM T-.J'9
OJrlabom Ci'tr !nncha
~, l B. J., reappointed !'or three ~
Omaha Braneha
Ma«M, ·-Wql&n4 w., appobne4 tor ~ired W%ll
•• J. W.ftl'
AoUon o~ lacnl~_lft C:-S.ttee approft4
Btappoin~ tor ~ .~
'Weaftr,
459
to
Woode, I. B., reappoinMd tor three ~a
llemphia Brano.hi
.lndereon, :&. L. , appointed for three ,-ears
laah'fille Branohs
Hartford., •·
death of ,
.L ea, Luke, appointed for unexpired term of W. R.
Hartford.
B1dle7, W. P., rMppointed. for three 79&1"9
lew Orlean.1 Bi-aziohs
12/8
Al'~ '-J.,
tor
n,.tgaati.oa •
DMim.ti.~
hbraaQ.
~
'Mat-.e eaal.id&te
aa OoTa11or o~
9/2"1
U/8
198
~
35
Pages
5
0
46
it#
19
26
Directors, FRBranch Banks: (Continued)
Pittsburgh Branch:
Naylor, Joseph R., reappointed for three years
Portland Branch:
Number reduced from seven to five
Salt Lake City Branch:
Number reduced from seven to five
San Antonio Branch:
Appointments already made
Seattle Branch:
Number reduced from seven to five
Spokane Branch:
DulingWilliam, death of, Secretary to communicate
with Mr. Miller re successor
McGrepr, Peter, appointed for unexpired term of
William Puling
Advice of acceptance of apoointment
Number reduced from seven to five
Discount rates: (See Rates)
D
ividends:
FRBank of Atlanta, payment authorized
PRBank of Boston, Payment authorized
FRBank of Chicago, payment authorized
FRBank of Cleveland, payment authorized
FRBank of Dallas, payment authorized
PRBank of Kansas City, payment authorized
PRBank of Minneapolis, payment authorized
FRBank of New York, payment authorized
PRBank of Philadelphia, payment authorized
FRBank of Richmond, payment authorized
PRBank of St. Louis, payment authorized
PRBank of San Francisco, payment authorized
National banks, declared but not paid, ruling of
Comptroller of the Currency that
reserve need not be maintained at_inst
Dollar Exchange:
Interstate Trust Co., New York, N. Y., application to
accept for furnishing, approved
12/8
455
11/28
417
11/28
417
12/8
460
11/28
417
8/30
128
9/6
9/8
11/28
150
155
417
12/13
12/13
12/13
12/13
12/13
12/13
12/13
12/13
12/13
12/13
12/13
12/13
477
472
479
475
484
483
482
473
474
476
480
486
10/20
300
8/10
82
?Tit
cli77e corporations: (See Foreign BankinP. Corporations)
tidu
cational and welfare work: (See Jelfare and educational work)
Ilgland:
7/28
Gold held earmarked at Bank of England, disposition of
England
10/6
of
Liouidation of special account with Bank
Sterling exchange, letter from Governor Strong on
10/24
present position of
flglish bills: (See Sterling bills)
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
54
225
312
.i
Pages
\
Bquitab le Li f e Assurance Sooiev, 9-plO'J'8•B ot ~ ot Atlanta
to take out lit e insurance 1n addi tion
to that p!'OTided. ..,,. 1'BBank
..
10/27
llurope :
314
.
h oh&ligee a.nd interest raws, letwr troll Banque Nation.a.le
Suisee of Zu.rioh on
Examinations:
Cit1 H D8 Bank or Lake l'alea, Fla •• anal,.si s prepared b7
Kr . Gilberl
Le t ter from ~nt at Atl anta that ettor-t i s being
made to restore capital of bank to
l epl requirements
Citizen s State Ban,k, Jl&rianna,
J'la•,
Extensio n of t i.me to mee t requirements a pproTed.
Commercial and SaYi nge Bank , Florence , s. c., effect on
a ppl 1eat1on to r reduction in capital
a tock
Bew standard. form ot reporl to be ueed in erani ning
Custer Ste/te Bank , Broken Bow, llebr., ana.11'sis preJl&red
1/ 28
58
8/ 2
58
l>e"
7/ 28
10/ 7
12/ 13
12/ 14
•-.N,
59
229
489
491
6
7/5
Lett, r tram FRAgent that maberahip be f orlei ted i f
7/ 21
condition 1• not imprond a t once
7/28
Bepl.1 of ~O&rd cm action to be taken b)" l'!Ba.nk
11/~o
He&rill8 on fortei tu.re of ..abereh1p Mt tor Dec. SO
I>ouBla•Yille Banking Co., Doaglanill e, Ga., am.J..ysi e or
orecli t imeatipUon prepe.nd b7
7/21
Kr. Cllben
Bepl,. ot FRA8ant that bank be gtwen opportaniv to
iaprow con4i tioa betore torlei tun
ot mimberabip 1a r.equired.
e/2
Fa.mere Bank and !'run Co., Pore•t Ci'7, • · c., Tiolationa
of PBAct, another • .,..1m:\ion to be
held . 8/30
Kr. Bl&ot to &aaiat ex-t.nen of JPRBent of JlichmoDd
9/ 8
'hansponaUon and subai•tence Up.nae~ lfr. Black
10/18
to be oharge4 to -bft bank
Parmer• Stat. Bank, Genoa, lebr., am.!J'-1• p~ b7
• • Gilbert
f /5
hmer• Stat. Bank, Ballnil-le, !na•, anal7•i• preparecl
bT 111'. Cil'bn'\
8/2
lame~• State Bak, St.
409
analys i s ot,
r orfei ture of member ship 1f requi rements not complied w1 th
b7 Hr. Gi l
11/25
•br.. aml.7a1•
45
59
423
69
131
156
289
6
66
~
. b7 I&. Gilbert
ot Bew ·Yorks · · ·· ki>enM• of ~Pl07"• utailect ~ other Pllianke
f/f>
6
7/5
4
~
··
~\wr
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
w a••l•t bl
trm GoTernor
SVong
ngits\ion.a
~-t ~ .
oa cri Uoi-..
&111111
8/17
107
"
:,
'
37
Pages
Examinations: (Continued)
First National Bank, Amarillo, Texas, copy of letter to
Comptroller of the Currency on
recent report
First National Bank, Belle Fourche, S. D., analysis of
last report and question of
additional rediscounts for
Form for examinations and analysis of examinations to
be prepared by Mr. Gilbert to
be used by FRAgents
Standard form tentatively approved and to be used
by Mr. Gilbert in examinations of
banks in St. Louis District
Forms received from printer and to be used in
examinations as experiment
Ihlen State Bank, Ihlen, Minn., analysis of credit investigation prepared by :4.. Gilbert
Reply from FRBank, FRAgent to be asked for
recommendations
Bank to make voluntary withdrawal
/lember banks in Detroit Territory, to be sent to
Managing Director
Draft of letter to FRA-ent at Chicago
lember banks, publication of findings by FRAgents in,
topic for discussion at Conference
of FRAgents
Mound City Trust Co., St. Louis, investigation for
apparent criminal violations
National Loan and Exchange Bank, Columbia, S. C.,
analysis submitted by Mr. Gilbert in
considering application to accept
to 100 per cent
Number of examinations and credit investigations made
by FRBank of Chicago since Jan. 1
Oakland State Bank, Oakland, Nebr., analysis prepared
by Mr. Gilbert showing violation
of conditions of membership
Pacific Southwest Trust and Savings Bank:
Bill for expenses in connection with, presented
by State Banking Department to
FEBank
Draft of letter to FRAgent and plan of cooperation with State Superintendent of
Banks in making examinations of
State member banks
Violations of provisions of Revised Statutes and
FRAct, Messrs. Newton and Agnew
meet with Board on
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/28
58
8/10
87
7/12
27
10/18
292
12/14
491
7/21
45
8/2
8/10
70
84
7/5
7/6
6
17
9/20
173
7/12
25
8/24
123
7/21
45
9/2
143
7/28
57
8/2
67
7/5
1
Pages
tne1r.a~: ( Centi.med)
~~...: Scn:t?:twn Trust and S.•inp Bank: (Conttzmed.)
Y!olat:Ur......
or
proYieions, etos CContU:med)
of plane t or reorfPlllisation and r eso lution
or Board oil
1 /s
a;iort or. JQr . Killer on rtait to 5&n Fra.ncisoo
and r e1olution Oil inie"iew to be
10/ 6
bad with Jlr. Bol>i:deon and Kr . ! ewton
..&dTioe t'roa lb'. Bnton that he ia lee.Ting for
10/ 7
~ngton
ltr. lDbi.D90n and Kr. Ienon preaent at meeti ng
ot Board and report on nolationa of
10/ 11
riatuie• and -..cUon to be taken
10/12
.lcUml l e f' to diacretion or l'BA8ent llerion
J;::;lllca.UoA ot pZ'O'Yi•ione ot •V.tuw of 11m1 tattona to otticera
11/ 28
a.parts o~ ......~r bank• or PBBank or Richmond to be
accoap&niee b,. anal,.111 and reccvwenda12/ 16
ttona of ~t
~""11ir ~-"and S.~ Bank, Loe Angele•, Cal1f. and
bl"&ZJChea, FBBank to be billed tor
e.rlJ"a oople• of reporl
8/ 1!>0
irla;c.: t o ! n&gent on expen~e ~ ab.orption b7 1HBanlt
approftd
9/2
S1ate !:a:k o1 ~lia, l.liJm., report ot, and abaorption
S~toua
418
521
129
139
of flrn lational Bank of Madelia
&pp1'0"4
Sta•
State
l!W'..._.,.
I
8/24
114
7/28
59
1/28
58
~
1'na:re, -....re, Kinn. , an&l7aie prepared
1-7 Jlr. Cilberl
~ in Calttornia, poliq of Staw Banking lle}l&rwe:nt in oonducting aiJmltaneoua w1 th
a :r lie.aka, propoMd amendment to J'Blot to UMaa
State X::.k
bnnoh••
u.ptnMa &fllt.1.u~
12/14
492
12/28
12/28
12/28
12/ 28
12/28
U/28
540
640
640
640
~ -rs.
i
r" mil Brancheas
ISi&:* o~ A.tlantaJ
~ ~. cl.eeigm.W Speoial W:n•iner
_,
T . L . cle1i gnaW Special baainer
~. ~. 6 •• daaipeted Szeiidner
C
' " • L ~•• aetpatecl Special lzudner
~. w•• 88'.gnaW Speoi&l ~mr
Ji t
• Y. s., ~tell lpeolal b-Sner
" =•
JUi.a. L P ••
4Mi~W
. . - . . Ca 1 I.
~•••n el' . . ,...,.,
' 1> '• 11
t4
_.,.r
.
4n11Mt.4 Speeial .,_smr
.
s. • u•tcDaU•
aa\ -
oMnp4
trca helft-
. . . . ."'
JIJ--p d r
ClfiJI
~ ~- w.. bu.... 1a -i&r7 ot
l!ll. .•DDt d . . . T8lb
9
m11-if•. wnu- L. uatcaU• ot -
~.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis ~·
..
-
U/28
12/28
MO
MO
MO
MO
'1/£1
~
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S4
I
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s
39
Pages
Examiners, FRBanks and Branches: (Continued)
FRBank of San Francisco:
Jernegan, E. S., redesignated for 1926
Read, J. P., redesignated for 1928
Sargent, S. G., redesignated for 1928
Sonne, H. A., redesignated for 1928
New Orleans Branch:
Walker, J. A., designated Special Examiner
Los Angeles Branch:
Prahl, John F., redesignated for 1926
Swengel, H. D., redesignated for 1928
Portland Branch:
Snow, G. A., redesignated for 1928
Salt Lake City Branch:
Huff, C. R., redesignated for 1926
SPok&ne Branch:
McBride, E. B., redesignated for 1928
44caminers, FRBoard:
Black, H. W., (See Staff of FRBoard)
Brett, R. H., designated Examiner
Chamberlin, R. B., leave of absence on account of
illness granted
Gilbert, Claude, (See Staff of FRBoard)
Gordon, P. A., resignation accepted and appointment of
of successor authorized
Siems, L. A., designated Examiner
Wilkes, M. R., appointed Assistant Examiner
Services secured beginning Oct. 16
Examiners, National Banks:
Cashiers checks of those in charge of suspended
national banks, refusal of FRBank
of San Francisco to handle
Letter to Supervising Receiver on arrangement
outlined by !'Rank
Salaries:
Austin, J. W.
Byers, R. W.
Cooke, A. J.
Donohue, W. H.
Dougherty, Joseph M.
French, H. S.
Fulton, Ira J.
Griswold, Wm. C.
Hauschild, Lester P.
Hewitt, R. B.
Hodgson, R. M.
Kane, W. W., Jr.
Kennedy, L. C.
King, Frank L.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/28
12/28
12/28
12/28
541
541
541
541
12/26
540
12/28
12/28
541
541
12/28
541
12/28
541
12/28
541
12/20
528
9/23
180
9/23
12/20
9/23
10/11
180
528
180
260
7/15
37
8/24
118
1/5
9/20
7/28
7/5
1/5
8/24
10/18
9/20
12/22
7/5
8/24
8/24
7/5
10/31
204
171
52
4
204
114
287
171
536
4
114
114
4
320
40
Examiners, National Bank: (Continued)
Salaries: (Continued)
Leyburn, A. P.
Linden, Carvel C.
Lyon, Cecil W.
Miller, L. A.
Moon, Earl W.
Nelson, rels
Palmer, R. E. A.
Penningroth, Walter J.
Powell, Charles E.
Roberts, J. H.
Sedlacek, Louis H.
Seitz, T. L.
Sibley, William L.
Smith, Clarence F.
Stewart, H. E.
Stuart, R. K.
Taylor, 0. C.
Taylor, William
Tolton, A. F.
Utt, John F.
Wanberg, J. F.
Welday, Chester A.
White, A. J.
Wilson, Verne J.
Wooten, Benjamin H.
Federal Advisory Council:
Meeting to be held Sept. 16, topics for discussion
Meeting for Nov. 18, list of topics for discussion
requested
No topics for discussion received by Secretary
of Council
Meetings of, motion of Mr. James that official stenographer
make record of proceedings
Action postponed until next meeting
Motion lost
Minutes of meetin: of Open Market Investment Committee
held July 27, request for
Recommendations submitted
Again submitted and discussed
Recommendations of:
Acceptances, new ruling of FHBoard approved
Audited statements in connection with bills discounted for member banks impractical
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Pages
8/24
9/27
l/30
7/5
9/27
7/5
7/28
1/31
9/2
8/30
10/5
l'
9 20
7/21
1/11
8/24
7/28
8/24
l4
8/24
8/24
9/20
7/5
9/20
9/20
1.1
160
549
4
167
4
5Z
320
140'
126
204
466'
1 /2
a
265
114
6
114
e
114
114
111
4
1/1
1/1
8/24
115
11/4
306
11/15
50
10/12
10/31
11/1
20
3Z1
061
9/8
9/27
10/12
161
10
20
11/26
d'
10/12
26
41
Pages
Federal Advisory Council: (Continued)
Recommendations of: (Continuted)
Eligibility of notes endorsed by officers of
non-member banks
Tax on discount received by foreign corporations
from American Bankers acceptances,
repeal of
of reserves of member banks
computation
Regulation on
proposed, copies to be furnished to
Resolution of lir. Cunningham requesting resolution of
Council on action of 'EBoard in
reducing rediscount rate at FRBank
of Chicago
Statement of Inr. Cunningham on credit policy to be
followed, furnished to members of
Topics for discussion:
No formal program, but discussion of open market and
discount policy of FRSystem suggested
Report of Sub-committee of General Acceptance
Committee referred to
Pederal Farm Loan Act, misapplying of funds a felony under
PRAct:
Amendment suggested by Senator Morris Sheppard to make
certain sight and demand bills
eligible for rediscount
"Outlying District", definition of terms as used in,
submitted by 1:r. Miller
Definition submitted by Messrs. Collins and Wyatt
adopted
Section 9, proposed amendment that expenses of examinations shall be paid by State member
banks examined
Sec. 13, suggested amendment to cover eligibility for
rediscount of paper secured by
flour, bran, etc.
Violations of:
Applicability of criminal provisions of Sec. 22 to
State member banks
Marcus, Bernard, report to Department of Justice on
Letter from Governor of FRBank of New York on
Mound City Trust Co., t. Louis, Mo., report of
investigation of
Pacific Southwest Trust and Savings Bank: (See State
member banks)
Power of FEBoard to withhold Privileges of membership for
Opinion of Counsel denying right to restrict
privileges
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/12
268
11/26
415
9/20
177
10/12
268
9/20
174
11/17
395
11/14
11/26
371
415
8/30
132
7/5
8
8/11
94
12/14
492
12/16
513
7/15
8/17
9/2
36
108
142
7/12
25
9/20
176
10/18
291
......._
-·
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A.81iata.nta:
.
J.J.~.wn.. ~ ~ ,at J:tl.&nta
.lntlvsm.
x.
tor 1928
a_,
~~
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Ba.U.,-, P.. L,.
(See
.i-
! I
Burgaa•, W. B.. z a
J.rt1ei.-.
Tst9 d
544
7/21
l2/ 2B
12/ 28
41
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Federal Reserve Bank of St. Louis
~k ca B!i!l8ild:
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27 5
54-4
6
17
9/6
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10/5
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12/ 28
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FRAgents: (Continued)
Assistants: (Continued)
Papin, J, Vion, designated Acting at St. Louis
Post, Arthur E., designated at Philadelphia for 1928
Rehfuss, J. Frank, designated Acting at Philadelphia
Sargent, S. G., FRBank of San Francisco:
Bond of
Designated for 1928
Shepherd, Robert L., Acting at Frank of Richmond:
Bond of
Designated Acting
Designated Acting for 1928
Sproul, Allan, designated at San Francisco for 1928
Stevens, James R., redesignated Alternate for three
months at New Orleans Branch
Stewart, Clarence M., designated at St. Louis
White, Wm. H., designated at Chicago for 1928
Austin, Richard L., redesignated at FRBank of Philadelphia
for 1928
Changes in position at FRBanks, discussed and made special
order for Nov. 15
Discussed informally and appointment made special
order for meeting on Dec. 8
Curtiss,Frederic II., redesignated at FRBank of Boston,
DeCamp, George, redesignated at FRBank of Cleveland
Heath, Vim. A., redesignated at FRBank of Chicago
Horton, W. W., FRBank of Richmond:
Bond of
Charlotte Branch, to appear before Board on bylaws,
personnel, housing, etc.
Corsolidation of Bank of Cheraw and Bank of Chesterfield County, to appear before
FRBoard on
Application not recommended by Mr. Hoxton
Redesignated FRAgent for 1928
Martin, Wm. McC., redesignated at FRBank of St. Louis
4cC1ure, M. L., redesignated at FRBank of Kansas City
McGarrah, Gates W., FRBank of New York:
Absence to attend meeting of General Council of
Reichsbank approved
for Industrial German Debentures,
Bank
Director of
no objection to serving until
expiration of term as member of General Council of Reichsbank
McGarrah approved
Mr.
to
Letter
1928
Redesignated for
Vacation during month of July
Mitchell, John R., FRBank of Minneapolis:
Redesignated for 1928
Vacation for two weeks, advise of
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/28
12/28
12/28
544
544
544
7/12
12/28
20
545
11/17
11/10
12/28
12/28
389
355
544
545
9/27
12/28
12/28
189
544
544
12/8
455
11/9
354
11/15
12/8
12/8
12/8
386
453
455
457
9/20
170
7/15
34
12/16
12/16
12/8
12/8
12/8
8/11
502
519
456
458
459
91
10/31
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329
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52
---
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3'::!~1.n& alt. tor Loa Angele• Branch, discussion
1F1 th J'BBo&rd
?ac ~ ~'ic Southwest ~t and Sayings Bank, present
11/ 9
at c:eeti.na ot FRBoa.rd. to disouas
rlolations of law
.Bep0rt cm coammic;a.Uon w1. th 3.tr. Robi.naon on
plans !"or reorsantu.tion of bank
Pre98nee bef'ore FRBoard. requested tor Oot. 11
to diacuu reorganisation
.W.rlee that he 1. a le&'fin8 for •a•hington
ieorg.nisatton discueaed b7 Mr. llewton and
J.lr • .Bobinson
~ Ucm of ).Ir. Jaoea to leaTe action in hand. a
or Mr. Iewton a ppro ffCl
.&..ppl1ca'tion ot prorl a i ona of statute of 11m1 tat!one to otf'icer•
~tecl
f'o-r 1928
~~ to appear bet.ore Board OD BOT. 9
kc~ Oacar, NliengraW at 7BBank or Atlanta tor 1928
-..i~ c.. c. • J'B!le.U or 1-1.l&a 1
~11.tU ng tor Se.a Antonio Branch , present at meeting
o~ 1ibe Board to di 801UI•
?11)11,ey or 1'Bm* wt Ui reapec.t to purchaaea
aooeptanoe•, present at meeting ,of
19oa.rd to di8GU.8•
tor 1928
• tenss:aw
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~52
7/5
l
7/5
12
10/6
10/7
218
10/11
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10/ 12
265
11/ 28
418
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12/ 8
228
12/8
345
4.56
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12/8
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9/8
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laaobrti.cm of 41.recwra '\hat eleet1on of ottioere
lie taken 1IP at ~r -.ting
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e/so
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11/21 · 40S
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Pages
55
ii
26'
46
PRBank of Atlanta:
(Continued)
Resolution that Managers of FRBranch banks not be
directors, etc., disapproved
Salary adjustments of employees for 1927 and effective
Jan. 1, 1928, approved
Staff:
Albertson, Ward:
Designated Assistant FRAgent for 1928
Designated Special Examiner
Bayly, Mrs. Sarah, extension of leave on account
of illness
Bowman, V. K., designated Special Examiner
Byrne, J. J., designated Examiner
Christian, J. W., leave of absence on account of
illness extended
Conniff, H. P., designated Special Examiner
Employees to take out life insurance in addition
to that provided by FRBank,
plan for
Honour, J. W., designated Special Examiner
Johns, W. S., designated Special Examiner
Jones, Mrs. Louis H., extension of leave on
account of illness
Newton, Oscar, redesignated FRAgent for 1928
Officers, resolution that annual election be
deferred until January meeting
Paris, E. P., designated Examiner
Randolph and Parker, Counsel, fee in case of
L & N Railroad v. Nashville
Branch
Shrupshire, Frances, extension of leave on
account of illness
Extended for thirty days with full pay
Sims, R. A., Assistant Cashier, extension of leave
on account of illness
Extended for two months
Smith and Vertrees, local counsel in case of
L & N Railroad v. Nashville Branch,
fee of
Taylor, Creed, designated Special Examiner
Pile.
, Tutwiler, J. B., resignation as Assistant Cashier
ILK of
Boston:
Bylaws, amendment relating to annual election of
officers adopted
Dividends, payment approved
Earnings and expenses, statement of
Expenses of employees detailed to assist in examination of FRBank of New York, payment of
Salary adjustments of employees for 1927 and effective
Jan. 1, 1928, approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/13
487
12/14
495
12/28
12/28
544
540
10/11
12/28
12/28
259
540
540
10/24
12/28
307
540
10/27
12/28
12/28
314
540
540
7/28
12/8
52
456
12/12
12/28
467
540
8/24
121
8/10
9/23
80
181
8/17
10/24
105
306
8/24
1/28
8/10
121
540
81
9/23
12/13
12/13
182
472
472
7/5
12/14
4
495
P!Bank o ! 3o .Wna
S1a.tt:
B.agle7, Jaae1 £., leaYe af absence on account of
.
illne•• extended
Extended tor one aonth
~•nded tor two weeks
ExWnded f'or two nen
Buckle7, JoMph, leaYe of abeence on account of
illneH extended
bteDlecl tor one month
Bxtended tor ho weekt
Ez.\cndecl tor two •ffk•
~ed.
Bnemed
hWndecl
B:nended
hWDd.94
until next meeting of directors
with halt P&7
until next meeting of directors
to Jan. l
Curt1••, lrederio B., redesignated !'BAgent
Dirk ...ier, E. c., d1•111e4 a• cleric for stealing
6-~, Charle• 1., Aasietant 1'!1genti
Bond of
J>eaipa~ for 1928
GlOTer, Olift, leaff of abeeDCe· on account of
111.ne•• erlendecl
7/ 21
8/ 17
9/14
9/~
7/21
8/ 17
9/ 14
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10/7
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11/ 15
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12/ 12
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on reduction of re411ooant rate at
J'llBazdt of Ch1oaBO for pv.blicaUon
1A ·Jmenaui Banker• .Ueooiation
Jevml to 'be pre))&Hd b.J
9/'l:>
9/ 21
Action of beouUft C~ ttee approffd
QAuq, ir..r;,, lMft Of &bNDOe Oil aooormt Of 111.neee .
utended and Mnic•• then to be
l~
1Ja.r41DB,
W. P. G.1
~icle
di aconU.mieCt ·
·
BD'ber'\a, Doro~)(~• u~naion of lea.,. on ao.c ount
ot illne••
hWDd.94 tor two .week•
BrteJi:lM tor two ...U•
~
.
Bxten4ed unUl !Mat meeting of dii-ectora
~with bal'f ~
.
~ unUl ~ ...ting ot cltreown
Sx'9Dde4 to Jan. l
~eon. L L.·. i .... Of &bMDC• on aocomit of
nwnt.\e4
•nl•r. Jlrs. lllla •· • lMft . of &'bMDCe OD acoount ·
~t lllM•• Utem.4 .
Ulne••
. .112.-+sd~._.. · ··
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.-
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Federal Reserve Bank of St. Louis
.
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7/2:1
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8/ 17
9/14
1 6.5
101
9/Z!J
182
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'
47
Pages
FRBank of Chicago:
(Continued)
Bank relations work: (Continued)
Letter to FRAgent at Chicago approved
Reply of FRAgent and letter requesting report on
number of examinations conducted
by FRBank since Jan. 1
Reply of FRAgent and report that increase in force
will not be made at once
Bylaws, amendment that officers be elected annually at
first meeting of directors in January
Amendment adopted and also one changing hour of
regular meeting of directors
Circular listing those authorized to vote for Class A
and B directors, proposed change in
Dividends, payment authorized
EarrLings and expenses, statement of
Pee to Lyman, Adams, Bishop, and Dupee, Special Counsel,
in connection with assessment levied
against bank, approved
Salary adjustments of employees during 1927 and effective
Jan. 1, 1928, approved
Staff:
Achor, Leonard B., designated Examiner
Blair, J. H., Deputy Governor, increase in salary
Examiners, to build up field force for bank relations
work
Letter to FRAgent at Chicago approved
Reply of FRAgent and another letter prepared by
Governor Crissinger to FRAgent
Reply of FRAgent and report that increase in
force will not be made at once
Heath, Wm. A., redesignated FRAgent for 1928
Kirk, Glenn, redesignated to act for FRAgent in
receipt and delivery of FRNotes, etc.
McDougal, J. B., Governor, present at meeting of
FEBoard to discuss salary of Yr. Blair
Umstot, Mrs. Georgia, leave of absence on account
of illness for ninety days
White, Wm. H., designated Assistant FRAgent for 1928
PRB8.„1_
,4.1c of Cleveland:
BYlaws, amendment to change time for election of officers
Dividends,
payment authorized
Earnings and expenses, statement of
Expenses of employees detailed to assist in examination
of FRBank of New York, payment of
Salary adjustments for employees during 1927 and effective Jan. 1, 1928, approved
7/6
17
7/21
45
7/28
60
9/8
160
10/6
225
9/27
12/13
12/13
192
479
479
12/30
547
12/14
495
7/21
12/13
43
470
7/5
7/6
9
17
7/21
45
7/28
12/8
60
457
12/28
545
12/13
470
9/8
12/28
154
544
10/31
12/13
12/13
320
475
475-
7/5
12/14
4
495
Staff:
Anderson J. B., Assistant FRAgent:
Bond of
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/21
41
C l e~el&nd.1 (Contin'O.ed)
Sta~r: (Continued)
FiBank or
Anderson J. B., A11i1tal:lt FRAgents (Conti nued)
Designated tor 1928
nee.mp , George, redesignated PB.Agent f or 1928
net cher, llrs. L. D., extension of lea.Te on account
ot 111.ne••
Fletche r, • . H., Aaliatant F'R!genti
Bond ot
])eaie;nated tor 1928
[emp, lira. Blisabeth, c., l ea'fe ot abeence for ~
months on aooount of 111.neaa
~tend~
tor -two motitha •1th tull pa;y
liloone7, Paul G., salary aa llan&ger of Cafeteria
Oaten, Karsaret , extension of' lea'fe ot abeence on
aooount ot illne••
Krlended for two month• with pq
•1111, D&Tid c., J>&11D9nt of aala17 a~er date of
death, no tllrlher obJeotion 07
1'BBO&rcl
12/28
12/ 8
544
455
0/ 10
81
7/21
12/28
41
544
8/24
10/ 13
12/28
270
8/ 10
9/ 27
187
12/ 17
525
9/ 14
168
9/20
175
114
~
81
1'JiBank of Dil.lla•:
Criticias ot administration ot, circula r letter eent to
. .ber baDk8 in dhtrict b7
J. P. Williaa•
Cow of turther circular oriticiaing polioiee a.nd
letter inYi ting oeMaiJi member banka
to meeting in ~rt Worth
Jlr. William• inYi ted to appear before Board of
I>ireowra tor hearing
Bea.ring to be held Deo. 12, request of PRBank to
· abeorb expenM
Bxpe:n1e a of conterenee to be paicl 'b7 PHBank, approYed
Stenographic report of bearing and · turther erpenM
tor &4Jou.med mee-ting on Jan-. 6.
tirldend•, ~t authorJHcl
.
~ an4 open.Ma, atatelient ot
~·, allowanoea, etc., to clireo'\or.1 tor attending Board
an4
!Vliq
Appean.nce
o-S.ttee ...~inga
~ ot· b&ntere acceptance•
ol'iginating in 411Uiot, ohaJl89 in
lfallq u4 Walth Mfore
P.Board to 41•oua
--tor i.p107M1 cl1lJ'lng 192' aD4 ·eftectlft
Ju. i. lt~ 1 . appro'f'94
wt- reapeot tO
of ••ar•.
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a.,
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•rom, ~. ~-~ •.t • - - a:.aa11a' of lllM••
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Federal Reserve Bank of St. Louis
" 11~··
.
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.
. ·.
.
10/24
11/25
11/~o
410
421
12/ 28
~
12/ 13
12/ 13
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484
12/22
10/18
294
11/4
495
t/20
172
ti21
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81
29
49
Pages
FRBank of Dallas: (Continued)
Staff: (Continued)
Clarke, W. P., appointed Acting General Auditor
Evans, W. J., redesignated Assistant FRAgent
Ferguson, Marguerite, extended leave with nay to
Dec. 15
Extended to Dec. 31
Folk, R. L., resignation as General Auditor
Hall, Charles C., redesignated Assistant FRAgent
Humphrey, :ass Erin, leave with pay to Dec. 31
granted
Talley, Lynn P.:
Present at Board meeting to discuss building
for San Antonio Branch
Present to discuss policy of FRBank with
respect to purchases of acceptances
Walsh, C. C.:
Present at meeting of Board to discuss building
for San Antonio Branch
Present at meeting to discuss policy of FRBank
with respect to purchases of
acceptances
Redesignated FRAgent for 1928
Weems, Bob, porter, leave of absence on account of
illness
Territory:
Menard County, Texas, not to be transferred to
San Antonio Branch
Transfer of three counties from head office to
Houston Branch
PRBank of Kansas City:
Bylaws, amendment that officers be elected annually at
first meeting of directors in
January
Dividends, payment authorized
Earnings and expenses, statement of
Rediscount of notes held by member banks and endorsed by
officers of nonmember banks,
eligibility of
Recommendation of Federal Advisory Council on
Salary adjustments for employees during 1927 and effective
Jan. 1, 1928, approved
Staff:
Alexander, Forest W., increase in salary of
Beeler, ::abel C., increase in salary as nurse and
manager of dining room
Haak, Harry L., increase in salary of
Livingston, I. H., leave of absence on account of
illness extended for three months
with half pay
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/14
12/28
165
545
12/5
l/28
9/14
12/28
425
540
165
545
12/5
426
11/4
343
11/4
344
11/4
343
11/4
12/8
344
460
7/13
29
7/6
15
11/25
408
9/8
12/13
12/13
160
483
483
10/5
10/12
211
268
12/14
495
10/18
287
7/15
7/15
10/31
34
34
321
11lB&nlt of l&naa• Cit11 (Cont inued)
Staffs (Continued)
Loo1ohen, Paul o., 1ncra.ae in l&l&J')' of
JColda1, 1. Jl., nde1tgnatecl u1i1tant ~"
Koelu.re, •· L., ndeelgnated J'JIAgent tor lt2a
Ol1on, w. J.., e%Unlion or le&ff on aoecnmt o!
111.ne•• approyed
S..i~, R. P., le&ff with P9tT on aaoount of 111..m:a:a
gn.nted. tor ~ llOlltha
'l'ro1t,
c••••
imre&H in l&lar;r
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lxpend.1 tun tor ln1t&lU.ng four window• an4 enetiJ:e
bronu grill•
teoo,ooo oh&rged out of nrplu• to red~ l»ok . i - . lq
14
B7la,r1, aaed.Mnt to chanp tiM tor eleotion of ornc:ars
Defalcation in _oolleoUon depariaent, rePort ot
BtPort prepared b7 Comptroller of bank, to M
reported. to Dep&riMnt ot Jurtice
Diridend1, J)&1Mnt authorised
lZ/n
krninp and upeue•, 1iatement ot
hd.eral Be1ene Olub, &ZJDal bud.get for
Sal&r7 a4Ju,ltaent1 tor •pl07eel during ltZ? &Dl effect:iwe
Jan. 1, 1928, appro"4
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~B
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87
~82
482
~'
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St&tts
Ba1le7, heel K., requ1t f'Or u1lgnatton to ac't t'9:r
n&&wnt
in 1•nanc• or noel~~
24
15£
llnote•,
- · Jtipnt ritb4.rna
J.ppUoaUon
to act ·tor
•·"I'.,
De1lsnated. u111w.nt
~t
~
tor 1928
w
8"17,
appointed CoTernor
kl&l'J' to rem&{». the ._. 11nt1l end. o-f r-:r
Ki tollell, .John ta
Beclealp-.W nABent tor 1928
Taoation ,or wo ween, &4rioe ot
Koore, 'J. '. , now Senior Depv Cowenol"
Moo.r, c.ni• . i.., nct.11119-w .U•l•tan~ n•s
Powel~, OUwr $., MJl4 w aot tor ft&pnt
TMpr, Bar17, _eleoW ».,.v·ao..nor
toac,
B. ' · · PNMnt at ...tiag Of~ .Stal
()pea . .t Irre~iment C-1"99
m..nt of ..,. Yorks
.
Aooout ope~ tor Alandaa laUoml Bak, Ylema
Con ot letter •tllldic telu et appoiat 1at
.tooou.t
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PRBank of New York:
(Continued)
Agreement to purchase bills of Bank of Poland: (Continued)
Program legally promulgated and plans of FRBank of
New York to become effective
Copy of stabilization decree transmitted and
Dewey made director of Bank of Poland
and adviser
Banea d'Italia of Rome, copies of letters on opening of
accounts and active reciprocal relations
Arrangement for sale or pledge of prime commercial
bills in program to stabilize on
gold exchange basis
Draft of letter to Mr. Harrison giving details of
approval of plan
Copies of telegrams, press statements, etc., from
Mr. Harrison on stabilization plan
Bank of
England:
Gold held earmarked at, disposition of
Liquidation of special account with
Buildings, to reconstruct building at No. 10 Gold Street
for rental purposes
Charges for services in investing funds of foreign
correspondent banks, all but
one to be abolished
Commonwealth Bank of Australia, appointment as agent
and correspondent of
De Nederlandsche Bank of Amsterdam, Holland, rate increased one per cent and FRBank to
buy guilders to extent of $10,000,000
Letters from Mr. Harrison on situation in Holland
Reply of Mr. Harrison to letter from Board that
bank has made no commitment to
purchase guilders
Dividends, payment approved
Earnings and expenses, statement of
Examination of:
Criticisms and suggestions, letter from Governor
Strong on
Expenses of employees of other FRBanks to assist
In, payment of
Gold export points and possible shipments to Europe,
letters from Deputy Governor re
Gold held earmarked at Bank of England, disposition of
National Bank of Serbs, Croats, and Slovenes, terms and
conditions of appointment as agent
and correspondent
Advice of opening of account on books of FRBank
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/18
286
10/20
298
9/2
142
12/17
523
12/17
526
12/30
548
7/28
10/6
54
225
7/28
55
7/5
5
12/16
505
10/13
10/18
283
285
10/24
12/13
12/13
309
473
473
8/17
107
7/5
4
112
7/28
468.
54
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165
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11/30
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430
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186
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t/6
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10/6
12/28
11/16
12/28
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383
544
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10/27
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315
12/28
539
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307
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Pages
PRBank of New York: (Continued)
Staff: (Continued)
Kenzel, Edwin R., Deputy Governor: (Continued)
Present at Board meeting for considering
Article B of Regulation A and
Regulation B
Acceptance practice and changes in rulings
of FRBoard discussed by Mr. Kenzel
Lenz, John, promotion in grade approved
McGarrah, Gates W.:
Absence to attend meetings of General Council
of Reichsbank approved
Director of Bank for Industrial German
Debentures, to serve until expiration
of term as member of General Council
of Reichsbank
Letter to Mr. McGarrah on
Redesignated FRAgent for 1928
Vacation during month of July
Perrin, Henry, promotion in grade approved
Promotions, resignations, and positions abolished,
report of
Reynolds, John, promotion in grade approved
Rounds, L. R., recuest of Conference of Governors
to study revision of functional
expense reports
Snyder, Carl, discussion of discontinuance of services
and request of Mr. McGarrah for reconsideration
Services to be continued
Strong, Benjamin:
Conditions in money market, transactions in open
market investment account, and changes
in London account
Purchases for open market account from foreign
correspondents
Sterling exchange, letter on present position of
Voelkner, Inez, promotion in grade approved
Wiley, John, promotion in grade approved
P
21Bank of Philadelphia:
Bylaws, amendment to change time for annual election of
officers
Dividends, payment authorized
Earnings and expenses, statement of
Expenses of employees detailed to assist in examination
of FRBank of New York, payment of
Language used by FRBoard in press announcements of
changes in rediscount rates, etc.
Salary adjustements for employees during 1927 and effective Jan. 1, 1928, approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/13
277
10/13
10/18
282
288
8/11
91
12/8
7/5
9/20
324
329
454
3
172
10/18
10/18
288
288
12/16
514
11/9
12/6
353
451
8/24
123
9/2
12/24
920
10/18
142
312
172
288
11/17
12/13
12/13
390
474
474
10/31
11/1
7/5
4
12/8
463
12/14
495
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19ank of Philad.elphiaa (Continued)
S~r
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Autin, liohard. L., Ndeeignated J'BAgwnt for 1928
Bou.rib, Jla!7 J • • · lun of abMnoe on account of
illne•• exwnde4 to Oct. ~l
htended tor euv dq1 with balt P'1
• Rill, I.meat o., Nde1ignate4 hli•tant ~nt
:.0Cle&f7, HeD.J7 s., l•ff ot altMnoe on account or
Ulm•• exwnded. tor 60 4-7•
Jli·l ler, R. J., Jr., lean ot a'bMnoe. on account ot
111.ne•• extende4 to Oct. ~l
Jorrie, Geo. W., Goftl'DOl"l
Blgulation 1 ot 1'JiBo&rd., Yi••• on 1ection
req_uiriq oollatenl Nouri ty tor
4epo•1 ta in other bank•
Bequ.e1t tor three aonth• lun w1 thout P'1
Action 4eterH4 at requet ot Kr. Jorrie
Poet, Arthur I., redeeipated Aae1•~t ~nt
Behtu11, J. hut, 4eeignate4 .loting A11i1U-nt
1'!Aa9nt tor 1928
Willt.ae, P. 8., CftnMl, preHnt at Meting ot
1BBO&rd to 4ilcuH MW Begulation P
raau ot B1omoD41
.•71-'I, mend.IHnt wi tb relat'1on to ammal eleoi1on of
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J>1 Y14en4•, p&JMDt aut.horiM4
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lalu7 ai4Ju11Dent1 of emplo799e tor 192' an4 etteoti"
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12/1:5
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10/18
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9/20
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Federal Reserve Bank of St. Louis
18.
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,
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1&1&17 lmnuecl
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PRBank of Richmond: (Continued)
Staff: (Continued)
Keesee, George H., leave on account of illness
Minter, G. A., leave of absence on account of
illness extended
Extended for thirty days more
Seay, George J., to appear before FRBoard on proposed consolidation of Bank of Cheraw
and Bank of Chesterfield County
Appearance before FRBoard
Shepherd, Robert L., Acting Assistant FRAgent:
Bond of
Designated
Designated for 1928
Taylor, A. C., leave of absence on account of illness
Wright, Sadie, extension of leave on account
of illness
?Flank of St. Louis:
Bylav:s, amend,aents providing for annual election of
officers and discontinuing Governor
as Chairman of Executive Committee
Diviends, payment authorized
Earnings and expenses, statement of
Salary adjustments for employees during 1927 and
effective Jan. 1, 1928
Staff:
Attebery, 0. M., Deputy Governor, elected also
Cashier
Biggs, D. C., present at meeting of Board with
Open Larket Investment Committee
Bowles, James, leave of absence on account of
illness extended
thirty days
for
Extended
redesignated FRAgent for 1928
1.cC.,
Martin, .ifli.
Papin, J. Vion, designated Acting Assistant FRAgent
Poehler, Walter, extension of leave on account of
illness with pay
Extended for thirty days
Schacht, Charles A., elected Assistant Cashier
Stewart, Clarence M., designated Assistant FRAgent
White, J. W., resignation as Cashier
PRBank of San Francisco:
Bylaws, amendment with relation to annual election of
officers
Cashiers checks of examiners in charge or receivers
of suspended national banks, refusal
to handle
Letter to Supervising Receiver on arranonent
outlined by FRBank
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/12
466
7/21
8/17
42
105
12/16
12/16
502
519
11/17
11/10
12/28
12/12
389
355
544
466
8/17
105
9/27
12/13
12/13
189
480
480
12/14
495
8/10
82
7/27
48
10/24
11/25
12/8
12/28
307
405
458
544
11/17
l/12
8/10
l28
8/10
394
466
82
544
82
9/20
174
7/15
37
8/24
118
56
FEBank of San Francisco: (Continued)
Dividends, payment authorized
Earnings and expenses, statement of
Expense of examining Security Trust and Savings Bank of
Los Angeles, and branches, FRBank to
be billed for extra conies of report
Report of FRAgent on expense, absorption by FRBank
apProved
Salary adjustments for employees during 1927 and
effective Jan. 1, 1928, anproved
Staff:
Agnew, A. C., Counsel, present at meeting of
FRBoard to consider violations of
law by Pacific Southwest Trust and
Savings Bank
Day, W. A., building site for Los Angeles Branch,
discussed with FRBoard
Jernegan, E. S., redesignated Assistant Chief
Examiner for 1928
Lane, Lee L., leave with pay for two months
Newton, Isaac:
Building site for Los Angeles Branch, discussion
with FRBoard
Pacific Southwest Trust and Savings Bank:
Present at meeting of FRBoard to discuss
violations of law by
Report on communication with Mr. Robinson
on plans for reorganization of bank
Presence before Board requested for Oct.
11 for conference on reorganization of
Advice that he is leaving for Washington
Discussion of reorganization by Yr. Newton
and Mr. Robinson
Motion of Mr. James to leave action in
hands of Mr. Newton approved
Application of provisions of statute or
limitations to officers of bank
Redesignated FRAgent for 1928
Refluest to appear before FRBoard on Nov. 9
Read, J. P., redesignated Examiner for 1928
Sargent, S. G.:
Bond as Assistant FRAgent
Designated Assistant FRAgent for 1928
Redesignated Chief Examiner for 1928
Sonne, F. A., redesignated Examiner for 1928
Sproul, Allan, designated Assistant FRAgent for 1928
Time schedule to Charlotte Branch anproved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Pages
12/13
12/13
486
40
8/30
129
9/2
139
12/14
40
7/5
11/9
3S
12/28
12/8
50
461
11/9
36
'
7/5
7/5
10/6
10/7
216
226
10/11
261'
10/12
26
11/28
12/8
11/4
12/28
416
460
541
7/12
12/28
12/28
12/28
12/28
11/21
20
5/0
541
541
540
400
Filanks:
Accounting procedure with reference to bank premises
and functional expense reports,
recommendations of conference
approved
Assessment on, for expenses of FRBoard, resolution making
Bank relations work: (See Bank relations work)
Bylaws, to be made uniform as to election and salary
recommendations of officers
Condition statements: (See Condition reports)
Expenses for services perfor;-,ed for governmental agencies
other than Treasury, reimbursement of
Recommendation of Conference of Governors on
Lducational and v,elfare work, expenditures for:
June
1.
August
September
51;
October
1November
1
"Float" carried by, investigation and analysis to be
51'
made by Division of Bank Operations
Report on, submitted by 1.1r. Smead
,
Report to be sent to YRBanks for study and recommendations
Leaves of absence to employees on account of extended
sickness to De submitted to FRBoard
11
for approval of salaries
Purchase and sale abroad of bills of exchange and bankers
acceptances, right of FRBanks in
t
Motion of Mr. Miller that authority applies to
16
purchases made abroad as well as at
26
home
i
Regulation to be prepared by Counsel
61'
Opinion of Governor Crissinger on regulation
function at, memo of Counsel on report
Safekeeping
6t
submitted at Conference of Governors
I
Salary recommendations of employees to be in by Dec. 10,
18
and of officers after first meeting
60
of Board of Directors in January
e
with summary of adjustments
submitted,
Schedules
41
at each bank
Trends of production, trade, etc., work in long time,
OWn i4
discussion of discontinuance at end
e
of 1927
41
PRB
oard:
41
Budget for 1928, approval of
4
0
Bylaws, amendment Proposed but no action pending quali00
fication of :.:r. Young as member
Calculating machine, purchase for use in office of
Supervisor of Examinations
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
57
Pages
11/8
12/20
348
530
8/10
85
7/5
12/16
7
514
7/28
9/20
10/24
11/21
12/28
55
178
308
402
544
9/7
11/8
151
350
11/17
392
12/16
506
7/5
8
7/6
7/12
7/13
17
27
32
7/28
62
8/10
85
12/14
495
11/9
353
12/16
508
9/27
186
11/30
421
'
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58
nBoard.t (Cont1me4)
DiYi•ion of Bank Opel'&iton.e:
"noa.'" oarried l>7 FWe•k•, 1Jrren1ption and anal,rsia
9/ 7
Of• be u4e
ar;peue• or, re99l'utton •kin«
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36- per ~t
Cunntn~, I. B.s
Credi' pol107 to be tolloftd, copi•• ot •tateMnt tumiabM to -ben of
hd•ral Adri •r.r Ccnmci l
Action deferred unttl afier nerl . . . ting
.,,
ot Ccnmoil
l:ncuti n ~ tW., appointed ._ber tor ·three
mon~•
BecrM•t for remolu,ion of 1'e4eral .&4ri90r.1
151
529
7/ 28
62
9/ 20
174
lo/ :n
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10/ 5
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10/ 12
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12/ 16
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7/21
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7/28
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68
8/12
96
Coano11 OJa aotioa of 1!IBo&rcl in
recleing rate at , . . _ of Chioa«O
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ot State leak $upertiwr•
Jamee, Oeorp l.1
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laoad.zl«, penonnel,
·~·, · w ..n Tiet t to Cbarlo'te
-.pon /o:a rlri' w a.rioJW
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Federal Reserve Bank of St. Louis
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?/21
44
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Pages
41
;61!
51
0.1
FRBoard: (Continued)
lembers! (Continued)
Miller, A. C.: (Continued)
"Outlying district", definition of term as used
in FRAct
Definition submitted by Mr. Collins and
Mr. Wyatt adopted
Report on visit to San Francisco and developments
in case of violations of statutes
by officers of Pacific Southwest
Trust and Savings Bank
Right of FRBgre'in purchase and sale abroad by
FEBanks of bills of exchange and
bankers acceptances
Motion that authority applies to purchases
made abroad as well as at home
Regulation to be prepared by Counsel
Opinion of Governor Crissinger on regulation
Statement on vote on increases in salaries
of officers of FRBoard
Visit to Pacific Coast and northwest, advice of
Names of those wno voted for and against reduction
in discount rate at FRBank of Chicago,
request of Mr. Tinkham for
Draft of letter to Mr. Tinkham prepared by
Secretary
Platt, Edmund:
Points of order on action of Executive Committee
with regard to rediscount rate at
FRBank of Chicago
Rediscount rates at FRBanks, attitude toward
reduction and also uniform rates
Young, Roy A.:
Order of President designating as Governor
To attend meeting of Board of Directors of
FEBank of Boston and to visit other
FRBanks
•
Tolley with respect to future transactions of
FRBanks with foreign banks
salaries for employees and officers, approval of
Secretary and Assistant Secretary Noell designated
to sign vouchers by direction of
Governor
Staff: (See Staff of FRBoard)
Supervisor of Examination, present status of work of
?e(lel'al Reserve Bulletin:
July:
Review of month on mid-year banking developments,
approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/5
8
8/11
94
10/6
216
7/5
7/6
7/12
7/13
8
17
27
32
1/16
7/6
509
18
12/5
429
12/6
450
9/6
145
8/12
97
10/5
202
10/18
297
10/24
12/16
310
508
11/8
350
10/18
293
7/5
5
\
Pages
60
r.d•ral llelerff hl.i.Um ( Co:.d . . . . .
Augun:
J.ppl1cabil1V 1D S2te w'MT ~of cr1a1nal
porial.o:s ~ nact an4 Bert Md
Statate... i-hlieatioa approft<l .
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7/ 15
56
7/ 15
lie rel--4 f'or publication
8/30
150
11/ 30
425
8/24
11/21
1Z4
~97
12/ 20
530
12/22
536
12/ 28
538
8/17
108
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Deo.-ber:
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Lipulattaa or CQOrliation of good•
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a.rt. . ~ ti. lloJrUl
hcleral Beaene ClU of' ¥.
1 poll•. badget tor
Pederal BeeerN DOtess
••• ia.u., red:acM ~. latter tr.. .&.annant Secret&r,J
- ~ ~ cm eltalm.tlng lepnd on
~ta tD l1Dlt!9ra &114 c•ngi?J« eeal
Saalt..Uaa o~ Jf.r. Jft.lle.:t t!at reference ehoul4 be
. . . . u.t ~ are Nd• nble ill gold.
• lie 1d:ml • wiUa ~ Dep&r1aent
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1::1a* ~ la J»ZWU. .1e
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8/12
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11/1
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http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-
a/2
&47
66
a/M
117
•I•
.1/6
14'
.
"'-.
l~
.·.
61
Pages
Tb
541
Fiduciary
powers:
First National Bank, Russiaville, Ind., application
for supplementary powers approved
Liberty National Bank, Washington, D. C., anplication
approved except for general power
Louisa County National Bank, Columbus Junction, Iowa,
permission to continue those already
assumed but no new powers at present
Montgomery National Bank of Mt. Sterling, Mt. Sterling,
Ky, application to exercise certain
powers approved
National banks in Nebraska, exercise by, memo of Counsel
Regulations on: (See Regulation F)
United State Bank of Chicago, Ill., application to operate trust department approved
Wisconsin, surrender of securities deposited with State
authorities by national banks
desiring to terminate fiduciary
activities
nance companies specializing in bank stock investments,
conies of memorandum submitted to
Conference of Governors
Pi
.
nancial statements:
Borrowers on agricultural paper, letter from FRAgent at
Atlanta on
False, made out by officers of member banks to secure
rediscounts, suggestion of counsel
that it be Federal offense
corporations
of corporation applying for
Subsidiary
rediscounts, filing with FRBank
under Regulation A
Pirst Federal Foreign Investment Trust: (See Foreign
Banking corporations)
"FlOat" carried by PliBanks, investigation and analysis to
be made by Division of Bank
Operations
Report on, submitted by Mr. amead
Report to be sent to niBanks for study and recommendations
Plorida:
Trust companies in, letter from Comptroller of State on
capital and surplus reauired of
Flour,
bran, etc., eligibility for rediscount of paper
secured by, request of Conference of
Governors for reconsideration of
ruling
Recommendation of Conference of Governors, amendment to
FRAct suggested
4
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/17
388
347
9/20
169
9/2
7/15
138
38
10/24
308
10/24
311
11/4
341
7/15
37
9/8
160
9/8
158
9/7
11/8
151
350
11/17
392
9/20
174
7/28
61
12/16
513
62
Pages
Foreign accounts:
FRBank of New York:
Purchases from foreign correspondents for open
market investment account, letter
from Governor Strong
9/2
(See also FRBank of New York)
Foreign bankinc- corporations:
First Federal Foreign Investment Trust:
Argentine, contemplated organization of branch in
12
//20
Brazilian currency, information on stabilization of
728
Issuance of debentures, bonds, notes, etc., information required by Regulation K
8/24
Information trans,nitted to FRBoard
8/30
Financial statements filed in connection with
issue of gold notes
9/27
Information filed under Regulation X in
connection with issue of gold notes
9/27
Letter advising of action of FRBoard and requiring report every thirty days on
amount of notes received and sold
10/6
Investments in stock of other corporations, to obtain consent of FRBoard before
each investment
9/27
Regulation K to be revised to embody interpretation suggested by Counsel
10/13
Office maintained in 7Iexico City and one proposed
in Brazil, status of
11/17
Regulation K of FRBoard, amendment to Section XI (b)
adopted
8/11
Letter on amendment to Section XI approved
8/24
Right to act as cotrustee for issue of foreign bonds,
memo of Counsel on
8/24
Stock of, splitting of shares of ‘J00 par value
into shares of ,,,25 par value
11/15
McHarg, Ormsby, use of word "banking" in title of one
to be organized contrary to regulations of FRBoard
11/14
Regulations governing: (See Regulation K)
Shawmut Corporation, application of National Shawmut
Bank of Boston to invest in stock of
7/12
United States Foreign Financing Corporation, articles
of association and organization
certificate
11/21
Application for charter referred to Governor with
power
Foreign banks:
Austrian 14Ltional Bank, Vienna, account opened by FRBank
of New York for
8/24
Copy of letter outlining terms of appointment
8/24
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/5
50
56
14
1g
196 i
191
2g6
10'
20
39
111
338,
400
al
119
12°
63
Pages
Foreign banks: (Continued)
Banca d'Italia of Rome, opening of accounts and active
reciprocal relations with
FRBank of New York
Arrangements for sale or pledge of prime commercial
bills by banks of issue in program
to stabilize on zold exchange basis
Draft of letter to Mr. Harrison giving details of
approval of plan
Copies of telegrams, press statements, etc., from
Mr. Harrison on stabilization plan
Bank of England:
Gold held earmarked at, disposition of
Liquidation of special account with
Bank of Poland, agreement of banks of issue to purchase
prime commercial bills
Extension of time for program of stabilization and
issuance of loan by private bankers
Program legally promul7ated and plans of FRBank of
New York to become effective
Copy of stabilization decree transmitted and Mr.
Dewey made Director of Bank of
Poland and adviser
Banque Nationale Suisse of Zurich, letter on Position
of European exchanges and interest
rates
Charges for services by FRBanks in investine funds of,
all but one to be abolished
Commonwealth Bank of Australia, appointed agent and
correspondent of FRBank of New York
De Nederlandsche Bank of Amsterdam, Holland, rate
increased one per cent and FRBank of
New York to buy puilders to extent
of 0_0,000,000
Letters from Mr. Harrison onsituation in Holland
Reply of Mr. Harrison to letter from Board that
bank has made no commitment to
purchase guilders
Croats, and Slovenes, terms of
Serbs,
of
Bank
National
appointment as agent and correspondent
of FRBank
of account on books of FRBank
opening
of
Advice
Norges Bank, 1,orway, appointed agent and correspondent
of FRBank of New York
Terms and conditions of appointment
South African Reserve Bank, account opened by FRBank
of New York for
PO •
banks, foreign)
Branch
(Sce
branches:
relf,m
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/2
142
12/17
523
12/17
526
12/30
548
7/28
10/6
54
225
7/28
63
8/11
93
10/18
286
10/20
298
11/25
409
7/5
5
12/16
505
10/13
10/18
283
285
10/24
309
7/5
9/14
6
165
11/10
11/21
355
399
7/28
54
Pages
64
Foreign deposit liabilities, reserves by national banks
against, memo of Counsel on
Form of indorsement on bankers acceptances to show eligibility
for rediscount
Forms, FEBoard:
Application for surrender of stock under Regulation I,
change in
Examinations and analysis of examinations prepared by
Mr. Gilbert and to be used by
FRAgents in examining State member
banks
Standard form tentatively approved and to be used by
Mr. Gilbert and Er. Black in
examinations of banks in St. Louis
district
Forms received from printer and to be used in
examinations as experiment
Freeman, E. W.: (See Regulation F)
Functional expense report of 'Ranks, resolution of Conference
of Governors on revision of
9/27
194
10/18
290
8/30
130
7/12
21
10/18
292
12/14
491
12/16
514
12/12
460
12/14
7/28
496
54
“Gt1
Gold:
American export points, reductions in, and possible
shipments to Europe, letters from
Deputy Governor of FRBank of New York
Letter from Governor Strong on amount of gold
that could be exported without causing
ehortgage
Balance held earmarked by Bank of England, disposition of
Bank of Italy, program to stabilize on gold exchange
basis
Draft of letter to Mr. Harrison giving details of
approval of plan
Exports and earmarkings, and purchases of Government
securities, report of Mt. Case on
Imports and exports, withdrawn for earmarking, total
amount in country, FRBanks and
circulation, report on quarterly
amounts since 1921 to be prepared
by Mr. Goldenweiser
Tables submitted by Dr. Goldenweiser
Gold notes issued by First Federal Foreign Investment
Trust: (See Foreign banking corporations)
Governmental agencies other than Treasury, reimbursement for
expenses for services for
Recommendation of Conference of Governors on
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/17
60
12/17
526
12/14
49.8
11/17
12/14
Z96
,
49*
7/5
12/16
614
65
Pages
Governors Conference: (See Conference of Governors)
Guarantee Fund Commission of Nebraska, notice of hearing
granted to Custer State Bank of
Broken Bow on forfeiture of
membership
11/30
423
10/24
309
11/25
11/30
410
421
12/28
543
11/30
12/30
423
549
12/17
527
1018
297
10/20
302
10/5
210
12/20
528
10/27
314
11/25
409
12/14
495
tt lift
H
earings:
FRBank of Dallas:
Williams, J. P., on administration and policies of
FRBank
Hearing to be held on Dec. 12, request of
FRBank to absorb expense
Expenses to be borne by FRBank of Dallas
Stenographic report of hearing, further
expenditure for adjourned meeting
on Jan. 6
FRBoard:
Custer State Bank of Broken Bow, Nebr., on forfeiture
of membership in FRSystem, set for
Dec. 30
Forfeiture of membership ordered
First State Bank of Philipsburg, Mont., on forfeiture
of membership in FESystem
Freeman, Edgar W., proposed amendment to Regulation
F on collateral security for
uninvested trust funds deposited in
other banks
Mr. Freeman and Mr. Caldwell present at meeting
and application of rerulation to
national banks in Pennsylvania discussed
Hale, Marshal, on application to serve interlocking
directorates
Holidays:
Christmas Eve, Executive order excusing clerks whose
services can be spared from duty
"I"
Insurance, employees of FRBank of Atlanta to take out in
addition to that provided by bank
Interdistrict time schedules: (See Time schedules)
Interest rates in Europe, letter from Banque Nationale
Suisse of Zurich on
Interlocking directorates:
Amendment to Clayton Act that granting of applications
rest upon public interest, Law
Committee to prepare for presentation
to Congress
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
67
Pages
Interlocking directorates:
(Continued)
Amendment to Clayton Act (Continued)
Drafts of letters to Chairmen of Committees on
Banking and Currency of House and
Senate
Applications approved:
Amberg, Harold V.
Appel, John J.
Armour, Philip D.
Auf der Heide, Oscar L.
Baker, James A.
Baker, James A., Jr.
Barker, 'Howard F.
Bauer, Edward
Beadell, Henry
Bell, C.R.
Beury, Charles E.
Black, D. Frank
Blackford, Charles E., Jr.
Blaffer, R. L.
Blair-Smith, Hugh
Bliss, Lewis E.
Bonnell, Horace A.
Borders, M. W.
Bowers, A. E.
Bowersock, Justin D.
Bradley, W. C.
Brown, Arthur V.
Brown, Clarence M.
Buck, John C.
Bugbee, N. A. K.
Burger, J. C.
Buttram, Frank
Caldwell, Rogers
Cargill, Ennis
Castle, Lewis G.
Chandler, Leo S.
Chaney, Clarence R.
Churchill, Harry B.
Condit, Fred P.
Coriell, Frederic
Cosgriff, Stewart
Craven, William R.
Curry, Daniel P.
Dam, Rudolph A.
Dark, Glen L.
Davis, Edward A.
Davis, John 17.
De Vaux, Norman
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/16
503
12/14
10/27
10/20
7/12
12/28
12/28
12/28
10/5
10/5
11/25
9/27
8/2
7/28
12/28
11/28
7/28
10/27
10/11
1/5
9/23
8/12
l27
7/28
12/14
117
9/8
11/25
12/16
12/28
11/10
12/14
l25
8/12
11/4
1/5
9/20
9/23
7/12
7/28
7/28
8/17
7/21
12/12
500
317
304
28
542
542
546
214
214
411
201
71
65
542
420
64
317
264
215
185
101
318
64
500
390
161
411
517
542
356
500
412
101
342
214
178
184
28
64
64
111
47
468
68
Interlocking directorates: (Continued)
Applications approved: (Continued)
Dice, Agnew T.
Disston, Hamilton
Dodd, Allen P.
Dollenmayer, Albert
Dooley, Michael F.
Dorrance, John M.
Eccles, E. S.
Eitel, Henry
Parish, S. P.
Fennell, George W.
Ferris, Isaac
Folwell, William H.
Forrey, George C., Jr.
Foster, H. V.
Foster, Samuel II.
Frenzel, Otto N., Jr.
Fretz, Samuel S., Jr.
Friedgen, William G.
Fuhs, John A.
Gordon, Frank i.
Graves, M. M.
Griffiths, George W.
Guckert, W. L.
Hall, Harry T.
Hallowell, N. Penrose
Harding, William B.
Heath, Walter C.
Heitman, F. A.
Held, P. Y.
Henderson, Joseph W.
Herrick, Parmely W.
Hill, Clarence E.
Hodges, Frank
Horne, A. A.
House, J. Arthur
Hughes, Edgar F.
Huntington, A. E.
Irwin, Alexander D.
Irwin, William G.
Iszard, S. Stanger
Johnson, Ben
Johnston, Percy H.
Kadel, John
Kauffmann, Alfred
Keogh, Charles R.
Kohlmeyer, Charles
Kountze, Denman
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Pages
7/5
9/23
7/6
11/15
8/24
12/28
9/20
10/27
12/28
12/16
12/6
75
8/24
8/12
9/20
1/12
7/15
9/27
12/6
12/14
l28
7/28
12/5
11/25
12/14
12/12
11/17
12/28
ly17
80
3
8/30
11/15
12/30
12/20
9 20
9/14
7/6
7/5
1/27
7/5
l'/12
75
12/14
10/5
12/14
l'/12
824
184
18
081
124
542
179
311
517
20
10
10
101
179
268
201
42
601
64
412
499
469
396
42
096
10
10
00
50
00
10
10
10
00
10
469
10
600
21
'
1
600
46!
10
1
1
1
9
69
Pages
Interlocking directorates: (Continued)
Applications approved: (Continued)
Knapp, H. Wallace
Kumpf, George Louis
Kuser, John L.
Lane, E. W.
Lee, George C.
Leitner, Emil
Lindquist, Joseph E.
Little, Leon :T.
Litz, A. Z.
Lutz, Howard 17..
Macgregor, Robert E.
Maguire, John G.
Martin, John C.
Masterman, E. E.
McAllister, Richard, Jr.
McCain, C. S.
McCandless, J. F.
McCune, Samuel L.
McHannan, J. C.
Mellon,Richard K.
Mendenhall, John M.
Merker, William H.
Merseles, Theordore F.
Meyer, George E.
Miller, Charles A.
/Jailer, George A.
Miller, John F.
Mitchell, J. L.
Mitchell, R. V.
Moldenhauer, Gustav H.
Moody, W. L., III
Mueller, Gustav H.
Neville, Robert H.
Newcomb, H. P.
Niezer, Maurice N.
Nolan, E. J.
Noyes, Jansen
Orr, J. B.
Osgood, Edward H.
Page, Louis R.
Parker, Edwin B.
Patterson, George Stuart
Peck, Frederick S.
Perfect, Arthur H.
Pratt, Harcourt J.
Prince, Frederick H.
Ramsey, W. R.
Rebmann, Godfrey R.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/10
12/16
8/30
12/16
12/14
1/16
7/5
12/16
112
9/23
11/15
12/16
7/12
7/21
7/21
11/15
16
8/30
8/30
11/4
10/12
7/28
11/25
1/5
9/20
10/5
122
8/17
8/30
11/15
1/20
8/24
9/27
11/15
9/20
11/25
10/20
12/5
114
7/21
12/28
1/5
8/24
105
9/27
7/15
125
9/8
89
517
134
503
499
517
11
518
468
184
387
518
28
47
47
387
452
135
135
342
269
64
412
433
178
215
537
111
135
387
305
125
201
387
178
411
305
434
500
41
542
214
125
214
201
39
411
161
70
Interlocking directorates: (Continued)
Applications approved: (Continued)
Rice, William F.
Robb, A. D.
Roebling, Ferdinand W., Jr.
Roosevelt, George E.
Ruddell, Almus G.
Sams, 0. N.
Schiller, Ira A.
Schiltges, William B.
Schumacher, H. C.
Schwarzler, Albert J.
Seibig, Arthur H.
Shelton, F. W.
Shisler, George W.
Shmidheiser, Edward C.
Sicard, A. N.
Smallwood, W. L.
Smith, Charles D.
Smith, J. Willison
Sommers, Charles B.
Sones, C. W.
Souers, Sidney W.
Specht, Joseph C.
Stake, Emil A.
Stalnaker, Frank D.
Steen, Frank J.
Stempfel, Theodore
Stevens, William H.
Stout, Elmer W.
Sullivan, Francis W.
Sullivan, R. Livingston
Swenson, Fred
Synnott, T. “.
Thornton, Henry C.
Traphagen, John C.
Traylor, Melvin A.
Trigg, Ernest T.
Tuechter, August H.
Washburn, W. 0.
Watters, E. "McLain
Wilcox, George
Williams, David E., Jr.
Yeasting, W. H.
Yerkes, George B.
Applications refused:
Bloch, Jesse A., (temporarily)
Bugbee, N. A. K., (temporarily)
Application approved
Ennis, Scott, F., (temporarily)
Final action to be deferred until Mr. Ennis
appears before FRBoard
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Pages
7/5
l22
8/10
12/20
1/5
8/30
12/6
10/5
12/28
12/16
8/30
9/20
7/12
8/10
ly28
8 2
12/27
7 15
8/24
8/10
12/12
11/4
12/28
1/27
7/28
8/24
l22
8/24
11/17
7/21
12/5
7/5
11/21
11/25
114
7/12
114
8/30
9/2
7/15
7/15
8/30
7/5
8/11
10/5
11/17
8/12
11/17
10
506
88
529
21
106
462
216
545
511
156
116
28
se
420
71
011
09
126
86
469
009
646
311
64
126
126
096
46
soz
401
41
600
26
494
104
14
09
og
10
91
208
390
99
oe9
71
Pages
Interlocking directorates: (Continued)
Applications refused: (Continued)
Ferris, Isaac (temporarily)
Action reconsidered and application approved
Fisher, Victor S., to be permitted to submit
additional evidence
Goodwin, John A., (temporarily)
Granger, Albert R., granted six weeks to submit
data on application
Finally refused
Hale, narshal (temporarily)
Further action deferred pending hearing
Kraemer, Louis F. (temporarily)
Page, Louis R.
To resign from one bank, application approved
for other two
Specht, Joseph C., (temporarily)
Advised of action of FRBoard and given opportunity to present additional
information
Action deferred until Law Committee confers
with 1r. Newton
Application approved
Thornton, Henry C., (temporarily)
To be given opportunity to present more information on substantial competition
of banks involved
Application approved
niscellaneous:
Alig, Cornelius 0., action on application postponed
because neither bank is member of
FRSystem
Bracken, Robert, action deferred
Corbin, Alfred 0., more information on application
requested
action deferred
H.,
Edgar
Evans,
Failey, Bruce F., application unnecessary because of
consolidation of banks
Fishburn, J. E., question of revoking permit issued
because consolidations of banks
put them in substantial competition
FRAgent at San Francisco to report on status
of directorates concerned
No action toward revocation of permit to be
taken
Fitzpatrick, Paul F., action on application deferred
Fultz, Charles N., action deferred
Gauding, Alfred F., action deferred
Gerard, Julian E., action on application deferred
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/11
10/6
91
225
7/12
10/5
23
210
7/15
10/5
8/24
12/5
812
7/12
35
208
116
210
99
22
7/21
8/17
41
103
9/20
170
10/31
ly4
8 17
322
339
103
10/5
11/21
209
401
11/21
11/21
402
402
12/22
11/21
533
402
10/13
271
10/5
212
10/18
291
11/4
12/22
11/21
11/21
12/22
339
534
402
402
533
72
Interlocking directorates: (Continued)
Miscellaneous: (Continued)
Gourley, V/. B., no application to be required if
connection with one bank is severed at
end of year
Hornbrook, Henry H., action deferred
Jones, Richard W., more information on application
requested
King, J. Floyd, action deferred
Lett, Everett, action deferred
Lisman, Frederic J., letter to 2RAgent requesting
more information
Tclaitt, Harry F., action deferred
Parmelee, H. E., no application to be required if
connection with one bank is severed
at end of year
Reed, John E. action deferred
Ritchie, Alan A., action deferred
Kansas City, Kans., designated as non-reserve bank city to
make semi-weekly reports on average
daily net deposit balances
Kaye, IcDavitt, and '..Scholer, letter on investment by First
Federal Foreign Investment Trust in
stock of other corporations
Regulation K to be revised to embody interpretation
suggested by Counsel
Kip1in6er, Babson and Jacobs, copy of letters to clients on
mortgage loans by national banks
under McFadden Act
Letter from Comptroller of the Currency on plan of
issuing participating certificates
Law, F. L., telegram expressing appreciation for postponement
of Conferences of Governors and
FRAgents
Leaves of absence of employees of FRBanks on account of
extended sickness, to be submitted
to FRBoard
Legislation:
Clayton Act, amendment to make granting of applications
rest upon public interest, committee
to prepare for presentation
Drafts of letters to Chairmen of Committees on
Banking and Currency of House and
Senate
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Pages
11/15
11/21
402
12/22
11/21
11/21
402
12/22
11/21
40
402
11/15
11/21
11/21
40
:,
Ilvw
12/16
sc4
9/27
10/13
272
10/31
12/5
421
10/6
22'
12/16
506
12/14
12/16
73
Pages
Legislation: (Continued)
Federal Reserve Pension Fund, H. R. 4 introduced to
incorporate
Section 5208 and 5209 of Revised Statutes, amendinent
to make misapplying of funds a
felony in all cases
(See also FRAct)
Loans:
Mortgage, by national banks under McFadden Act, copy of
letter of Kiplinger, Babson and
Jacobs to their clients
Letter from Comptroller of Currency on plan of
issuing participating certificates
Polish stabilization loan: (See Bank of Poland)
LyTna-n Adams, Bishop and Dupee, payment of fee as special
counsel for FRBank of Chicago
14.arcus, Bernard K., violations of Sec. 22 of FRAct to be
reported to Department of Justice
Letter from Governor Strong
McFadden Act:
Mortgage loans under, letter to clients of Kiplinger,
Babson, and Jacobs
Letter from Comptroller of Currency on plan of
issuing participating certificates
tIcHarg, Ormsby, request to use word "banking" in title of
Edge corporation refused
Member banks:
Detroit territory, reports of examination to be sent to
Lanacring Director
Draft of letter to FRAgent at Chicapy on
Insolvent, right of FRBanks to charge checks received
for collection to accounts of
Recommendation of Conference of Governors, to be
referred to Conference of Counsel
Power of FRBoard to withhold privileges of membership
for violations of FRAct and Revised
Statutes
FRBoard can require forfeiture of membership but
cannot restrict privileges, opinion
of Counsel
Reserves: (See Reserves)
(See also National banks; State member banks)
4embers, FRBoard: (See FRBoard)
Membership in FRSystem:
Cohocton State Bank, Cohocton, N. Y., application
approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/6
450
11/26
415
10/01
325
12/5
427
12/30
547
8/17
9/2
108
142
10/31
325
12/5
427
11/4
338
7/5
7/6
6
17
10/18
295
12/16
516
9/20
176
1018
291
12/14
492
74
Pages
Membership in FRSystem: (Continued)
Dollar State Bank and Trust Co., Scranton, Pa., *Implication
referred back to FEBank of Philadelphia
because of conditions in bank
9/6
Farmers Bank of Royston, Ga., application rescinded for
failure to accept conditions of
membership
8/24
National banks: (See National banks)
Regulations on: (See Regulation H)
South Bend State Bank, South Bend, Ind., elintbility of
9/8
State bank formed by conversion of First National Bank,
Rock Springs, Wyo., application to
be considered without further
examination
10/5
State member banks: (See State member banks)
World Exchange Bank, New York City, application being
held by FRBank of New York
12/5
Mexico:
Agency of First Federal Foreign Investment Trust in
Mexico City not considered branch
11/17
Milwaukee Chapter of American Institute of Banking, request
of student for information on reduction of discount rate at ?liBank
of Chicago
12/28
Money market, letter from Governor Strong on conditions in
8/24
Ease as result of Treasury financing on Nov. 15, letter
from Governor Strong
11/25
(See also Committees, Open Market Investment)
Mortgage loans: (See Loans)
Mosier Safe Co.: (See Vaults, Baltimore Branch)
Mutual savings banks, deposits in member banks, classification
of
9/20
Recommendation of Conference of Governors on
12/16
148
118
169
201
451
05
645
125
408
“Nn
National American Co., Inc., control of Bronx National Bank
bought for Central Mercantile Bank
and Trust Co.
National Association of State Bank Supervisors, members of
FRBoard invited to convention in
Richmond
National Bank of Serbs, Croats, and Slovenes, terms and
conditions of appointment as agent
and correspondent of FRBank of
New York
Advice of opening of account on books of FRBank
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/28
64
7/21
44
7/5
9/14
166
6
National banks:
American National Bank, Danville, Va., depositing of
notes in trust department to
secure trust funds deposited in
commercial department
Berlin National Bank, Berlin, N. H., application for
fiduciary powers, some approved
and some disapproved
Bloomfield National Bank, Bloomfield, N. J., merger
with Bloomfield Trust Co.
Bonds, circulation, advice that no applications were
received during second quarter
During third quarter
Broad and Market National Bank and Trust Co., Newark,
N. J., to merge Forest Hill
National Bank and operate as branch
Bronx National Bank, New York, control bouc:ht by company
affiliated with Central Mercantile
Bank and Trust Co., of New York
Cashiers checks of examiners in charge or receivers of
suspended national banks, refusal of
FRBank of San Francisco to handle
Letter to Supervising Receiver on arrangement
outlined by FRBank of San Francisco
Catonsville National Bank, Catonsville, 1:4., application for stock in FRBank of Richmond
approved
Central National Bank, i.innearolis, Minn., application
for reduction in reserve requirements
approved
Citizens National Bank, Brownwood, Texas, report of
Department of Justice that bank is
not guilty of violation of law
Citizens National Bank, Los Angeles, California, application to accept up to 100 per cent
approved
Citizens National Bank and Trust Co., Englewood, N. J.
capital account increased as
4
condition for exercise of fiduciary
powers
City National Bank, Cleburne, Texas, application for stock
;4
in FYBank of Dallas approved
City National Bank, Holyoke, Mass., consolidation of
Hadley Falls Trust Co. of Holyoke with
Condition reports:
6
Call as of June 30.
3s
Call as of Oct 10.
Corn Exchange National Bank, Omaha, Nebr., request of
attorneys for certified copy of
document accertim conditions of
FRAct, etc.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
75
Pages
8/17
108
10/31
024
12/22
532
7/12
10/20
24
302
7/28
54
7/28
54
7/15
37
8/24
118
12/5
425
8/11
92
7/21
46
11/10
356
8/12
100
7/28
51
11/25
406
7/5
10/13
3
270
12/28
545
76
I
Pages
National banks: (Continued)
Corn Exchange National Bank, Omaha, Nebr.: (Continued)
Draft of letter transmitting copies of documents
approved
12/30
District of Columbia, no authority to grant general
fiduciary powers to
11/8
Farmers and Merchants National Bank, Mt. Morris, Pa.,
thirty days granted to receiver for
surrender of FEBank stock
9/14
Farmers National Bank, Bryan, Ohio, reduction in capital
approved
11/21
Farmers National Bank, Geneva, Ala., record of checks
received and sent in durin certain
period
8/10
Farmers National Bank, Ludlow, Mo., reduction in capital
stock approved
10/5
Fidelity Bank and Trust Co., Memphis, Tenn., report on
plans to nationalize and reduce capital
stock
10/31
Fiduciary powers: (See Fiduciary powers)
Fifth Northwestern National Bank, :.:inneapolis, Minn., reduction in reserve requirements
11/15
First National Bank, Amarillo, Texas, report on recent
examination of
7/28
First National Bank, Athens, Ala., liquidated, stock in
FRBank of Atlanta ordered cancelled
8/24
First National Bank, Belle Fourche, S. D., condition as
revealed by examination report and
question of further rediscounts for
8/1
First National Bank, Dublin, Ga., reduction in capital
stock approved
12/5
First National Bank, Dunbar, Pa., thirty days granted to
receiver for surrender of FRBank stock 9/14
First National Bank, Greenville, Ala., draft drawn by
Smith Drygoods Co. for presentation
at, returned by FRBank of Atlanta
11/21
First National Bank, Hartford, Ala., record of checks
received and sent in during certain
period
8/10
First National Bank, Junction, Texas, consolidation with
Junction State Bank without approval
of FRBoard
10/20
First National Bank, Los Angeles, Calif.:
Application for trust powers approved
8/2
Consolidation with Pacific Southwest Trust and
Savings Bank under title Los AngelesFirst National Trust and Savings Bank
9/2
First National Bank of Lladelia, Minn., absorption by
State Bank of Madelia approved
8/24
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
549
341
166
399
86
204
324
362
56
116
81
429
166
405
8S
300
66
140
114
77
Pages
National Banks: (Continued)
First National Bank, Madison, Ga., reduction in capital
stock approved
Change in condition of reduction approved
First National Bank, Olanta, S. C., reduction in capital
stock approved
First National Bank, Pauls Valley, Okla., reduction in
capital stock approved
First National Bank, Perry, Fla., application to exercise
fiduciary powers referred to Law
Committee
Report of 1,1‘. McIntosh on, action postponed until
full meeting of Board
Application approved
First National Bank, Rock Springs, Wyo., conversion into
State bank and application for
membership
First National Bank, Russiaville, Ind., application for
supplementary fiduciary powers granted
First National Bank, Samson, Ala., record of checks received and sent in during certain
period
First National Bank, Wausau, Wis., application for reduction of celpital stock
Application referred back to Comptroller of the
Currency for further consideration
Forbes National Bank, Pittsburgh, Pa., reduction in reserve requirements approved
Forest Hill National Bank, Newark, N. J., to be merged
by Broad and Market National Bank
and Trust Co., and operated as branch
Franklin National Bank, l!ew York, merged into branch of
Interstate Trust Co.
Hamilton National Bank, New York, proposed absor-)tion by
Interstate Trust Co.
Harrisburg National Bank, i:arrisburg, Texas, reduction
in reserve requirements approved
Haskell, Okla., reduction in
Bank,
Haskell National
capital stock approved
Liberty National Bank, Washington, D.C., application for
fiduciary powers approved except
for general power
Los Angeles-First National Trust and Savings Bank, formed
by consolidation of First National
Bank of Los Angeles and Pacific
Southwest Trust and Savings Bank
(See also State member banks, Pacific Southwest
Trust and Savings Bank)
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/27
11/15
198
384
12/5
428
12/22
534
8/24
117
8/30
9/6
133
149
10/5
207
11/17
388
8/10
85
10/11
259
10/12
267
12/8
462
7/28
54
7/6
16
12/22
533
12/28
543
12/28
542
11/8
347
9/2
140
78
National banks: (Continued)
Louisa County National Bank, Columbus Junction, Iowa,
permission to continue fiduciary
capacities already assumed but no new
powers until after examination
Midway National Bank,St. Paul, Minn., reduction in
reserve requirements approved
Minnehaha National Bank, Minneapolis, Minn., reduction
in reserve requirements approved
Montgomery National Bank of Et. Sterling, Mt. Sterling,
Ky., application to exercise certain
fiduciary powers approved
Mortgage loans under McFadden Act, letter of Kiplinger,
Babson and Jacobs to clients
Letter from Comptroller of the Currency on plan of
issuing participating certificates
National City Bank of Los Angeles, Calif., reduction in
capital approved
National City Bank of New York:
Branches, foreign:
China, Mukden, Manchuria, application approved
Dominican Republic, San Francisco de Macoris,
closing of
Porto Rico, Caguas, opening of
National Loan and Exchange Bank, Columbia, S. C.,
explication to accept up to 100 per
cent of capital and surplus
Analysis of examination submitted, explication to be
held pending another examination
National Shawmut Bank of Boston, application to invest in
stock of Shawmut Corporation
Nebraska, exercise of trust powers by, memo of Counsel on
Noble County National Bank in Caldwell, Ohio, to succeed
Noble County National Bank of Caldwell
Noble County National Bank of Caldwell, Ohio, voluntary
liquidation, to be succeeded by Noble
County National Bank in Caldwell
Reserves against dividends declared but not paid not
necessary
Reserves against foreign deposit liabilities, memo of
Counsel on
Richfield National Bank of Minneapolis, application for
reduction in reserve requirements
approved
State National Bank, Yarfa, Texas, no objection to return
of stock payment
Third Northwestern National Bank, Minneapolis, Minn.:
Application for stock in FRBank of Minneapolis
_approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Pages
9/20
169
10/31
322
11/8
346
9/2
108
10/31
326
12/5
426
11/21
398
12/28
509
7/5
7/5
3
3
8/17
108
8/24
10
7/12
7/15
26
38
12/16
601
12/16
501
10/20
30°
9/27
194
7/28
66
12/17
525
10/5
208
10
56
zo
79
Pages
National banks: (Continued)
(Cont'd)
Third Northwestern National Bank, Minneapolis,
11/15
approved
requirements
Reduction in reserve
absorbed
N.
J.,
to
be
Paterson,
Totowa National Bank,
by Hamilton Trust Co. and operated
11/1
as branch
United National Bank, New York City, purchase by new
9/2
interests
letter
Denver,
Colo.,
Bank,
United States National
with resolutions that FRBank of
Hansas City be permitted to dis8/24
continue noncash collection items
reduction
in
Colo.,
Bank,
Denver,
National
Side
West
7/26
reserve requirements approved
Wisconsin, surrender of securities deposited with
State authorities by banks desiring
10/24
to terminate fiduciary activities
Worchester County National Bunk, Worchester,
surrender of excess stock not
8/24
necessary
tebraska:
National banks in, exercise of trust powers by, memo
7/15
of Counsel on
New Orleans Clearing House Association, resolution protesting against discontinuance of
Assistant FRAgent at New Orleans
11/8
Branch
Noncash items: (See Clearing and collection)
Nonmember banks:
Banca Popolare Fugazi, San Francisco, Calif., proposed
consolidation with United Bank and
12/28
Trust Co.
conditions
Telegram to FRAgent at San Frncisco on
12/30
of consolidation
branches,
S.
C.,
with
Bank of Chesterfield County,
consolidation with Bank of Cheraw and
12/13
operation of branches
12/14
examining
in
to
be
used
report
form
of
New standard
Messrs. Hoxton and Seay requested to appear before
12/16
FRBoard on
Application not recommended by Mr. Hoxton, referred
12/16
to Governor with power
Bank of San Fernando, Calif., to be taken over by Pacific
Southwest Trust and Savings Bank
7/28
and consolidated with existing branch
8/17
Advice of completion of deal
Bank of \fashington Heights, New York, absorption by Bank
of the Manhattan Co. and operation
8/24
as branch
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
382
330
141
119
56
311
118
38
346
541
547
488
491
502
519
53
104
112
80
Pages
Nonmember banks: (Continued)
Central Trust Co., Camden, N. J., taken over by Camden
Safe Deposit and Trust Co., and to
16
be operated as branch3
Checks drawn against insufficient funds, practice of making charge for, question of removing
from par list
177
9/20
Interlocking directorates involving, suggested amendment
to Clayton Act to give FRBoard power
over
496
12/14
Drafts of letters to Chairmen of Committees on
Bankinn and Currency of House and
Senate
5
00
12/16
Iron Exchange Bank, Hurley, Wis., advertisement that it
is correspondent of FRBank of
276
Minneapolis
10/13
Memo of Counsel that bank is not violating criminal
statutes
301
10/20
Kensington Bank, 743 Church Ave., Brooklyn, taken over by
Municipal Bank and operated as branch
300
10/20
Nostrand Bank of Brooklyn, control purchased by Liunicipal.
Bank of Brookln
141
9/2
330
To be continued as branch of Municipal Bank
11/1
Notes held by member banks and endorsed oy officers of,
eligibility for rediscount
211
10/5
Recommendation of Federal Advisory Council on
268
10/12
Page Bank of St. Louis County, Mo., advertising as
16
member of FESystem, report on
7/6
Norees Bank, Norway, appointed agent and correspondent of
PRBank of New York
358
11/10
Te rms and conditions of appointment
399
11/21
ttOtt
Open market investment account, letter from Governor Strong
on transactions in
Purchase from foreign correspondents for, letter from
Governor Strong
(See also Committees, Open Market Investment)
Open market operations:
Exports and earmarkings of gold and offsetting purchases
of Government securities, report of
11/... Case on
(See also Committees, Open Market Investment)
"Outlying district", definition submitted by Mr. Miller
Definition submitted by Mr. Collins and Mr. Wyatt adopted
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/24
12°
9/2
142
12/14
498
7/5
8/11
8
94
81
Pages
Upt1
pension committee report, recommendation of Conference of
Governors on
bill introduced to incorporate
Reserve,
Federal
Pension fund,
Poland, program for stabilization of Government of Republic of
(See also Foreign Banks)
President of United States, order designating Roy A. Young as
Governor of FRBoard
,)
tress statements:
Directorate of Charlotte Branch, personnel of
Language used by Board in announcements on changes in
discount rates, letter from Governor
of FRBank of Philadelphia on
Rediscount rate at FRBank of Chicago, announcing reduction in
Review of the Month for September FRBulletin released
for publication
(See also Condition reports)
PUblications:
Book by W. R. Burgess on FRBanks and the Money Market,
no objection to publication of
12/16
126
7/28
516
450
63
10/5
202
8/24
124
12/8
463
9/6
150
8/30
130
10/13
275
9/14
167
8/17
7/12
8/10
8/17
10/18
11/15
12/12
102
19
78
102
286
381
465
8/10
8/10
7/15
8/10
8/11
9/8
9/27
75
75
33
75
90
154
197
cet
Questionnaires:
Wan, Henry Y., for information on organization and
operations of Pittsburgh Branch and
branches of FRBank of Dallas
11R11
Rates:
FRBank of Atlanta:
'
12 per cent approved
Rediscount, reduction from 4 to 31
purchase
and
discount
of
Schedule
FRBank of Boston:
Open market purchases, schedule of
Rediscount, reduced from 4 to 3i775- per cent
Schedule of discount and purchase
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
82
Pages
Rates: (Continued)
FRBank of Boston: (Continued)
Schedule of discount and purchase: (Continued)
ifIABank of Chicago:
Rediscount:
Article on recent reduction to be prepared by
Governor Harding
:
, for American Bankers
Association Journal
Action of Executive Committee approved
Names of members of FRBoard who voted for and
against reduction, reauested by Mr.
Tinkham
Draft of reply prepared by Secretary
Reduction discussed by executive committee and
to be taken up by Board of Directors
at next meeting
Action of directors in retaining four per cent
rate disapproved
Report of Governor on telephone conversation
with Mr. Heath and Mr. Simpson in
Chicago, opinion that any change
should be made Sept. 2
Jr. Heath to be advised that meeting of Board
will be held Sept. 6 to consider
matter of telephone conversation
Special order for Sept. 6
Discussion of rate and resolution reducing to
per cent
Press statement announcing
Counsel of FRBank to procure from Attorney
General of United States opinion on
right of FRBoard to change
Request of student of lalwaukee Chapter of
American Institute of Banking for
information on reduction
Resolution of Federal Advisory Council on action
of FRBoard in reducing, action
postponed
Schedule of discount and purchase:
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/6
10/27
11/15
11/25
12/8
12/22
225
314
381
405
462
552
9/23
9/27
10
196
12/5
12/6
429
450
8/10
76
8/30
127
8/31
106
8/31
9/2
107
106
144,141
9/6
9/6
iS
9/14
160
12/28
545
10/12
7/28
8/10
8/17
8/24
8/30
266
51
76
102
121
83
Pages
Rates: (Continued)
FRBank of Chicago: (Continued)
Schedule of discount and purchase: (Continued)
PRBank of Cleveland:
,l..j- Per cent
Rediscount, reduced from 4 to,
Schedule of discount and purchase
FRBank of Dallas:
Rediscount, action to be taken at meeting of
Board of Directors
Reduction from 4 to 3--.7 per cent approved
Schedule of discount and purchase
FRBank of Kansas City:
Rediscount, change from 4 to 3.:?, per cent
Schedule of discount and purchase
01
'
3
a
7
FRBank of Llinneapolis:
Rediscount, to continue 4,C. rate for present
Views of FRAgent on changing and possible
action of Board of Directors
Rate to rebate discounts if reduced
Reduction to 3-1:- per cent
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/2
9/6
9/27
10/21
11/21
12/20
138
144-147
197
319
397
529
8/10
7/12
8/10
8/10
9/14
10/11
11/15
12/12
76-77
19
76
77
162
258
381
465
8/10
8/12
7/6
8/10
8/12
9/8
10/11
11/25
12/16
79
97
15
79
97
154
258
405
503
8/2
7/15
8/2
8/10
8/30
9/14
9/27
10/18
10/31
11/17
11/30
12/12
12/28
66
03
66
79
127
163
198
286
319
389
421
465
538
8/10
79
8/11
9/8
9/14
90
153
162
84
Pages
Rates: (Continued)
FRBank of Linneapolis: (Continued)
Schedule of discount and purchase
FEBank of 1:ew York:
Rediscount, reduced from 4 to 3,-,)
: per cent
Schedule of discount and purchase
7/21
8/10
8/11
9/14
9/14
10/31
11/30
8/10
7/5
7/12
7/15
7/28
8/2
8/10
8/lo
8/12
FRBank of Philadelphia:
Rediscount, reduction discussed but no change made
Reduction from 4 to 3-L-- per cent approved
Schedule of discount and purchase
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
41
79
90
162
160
019
421
76
2
19
00
51
66
76
77
96
8/24
8/30
9/2
9/14
9/27
10/5
10/7
10/18
10/24
10/31
11/4
11/15
11/21
11/25
12/5
12/12
12/16
12/28
12/30
122
127
109
162
197
200
228
286
306
319
307
081
097
405
425
465
500
508
547
8/10
9/7
7/6
7/21
8/10
8/24
9/7
9/27
10/6
11/4
77
151
15
41
77
122
151
197
225
307
85
Pages
Rates: (Continued)
FRBank of Philadelphia: (Continued)
Schedule of discount and purchase: (Continued)
FRBank of Richmond:
Rediscount, reduced from 4 to 3- per cent
Schedule of discount and purchase
FRBank of St. Louis:
per cent
Rediscount, reduced from 4 to
Schedule of discount and purchase
FRBank of San Francisco:
Rediscount, failure of Board of Directors to take
action on reduction, made special
order of business for Sept. 6
FRAgent to be advised that rate should be
reduced
Reduction to ah- per cent
Schedule of discount and purchase
FRBanks:
Change in procedure in acting on telegrams regarding schedules
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11/17
12/8
12/22
389
462
532
8/17
7/15
8/12
8/17
9/27
10/13
11/15
12/12
102
33
98
102
197
276
381
465
8/10
7/12
9/8
9/27
10/6
10/20
11/4
11/17
12/8
12/22
75
19
75
153
197
225
298
337
389
462
532
9/2
138
9/6
9/14
7/12
8/10
8/24
9/2
9/6
9/14
9/27
10/7
10/24
11/4
11/21
12/5
12/16
147
162
19
79
90
123
138
147
162
198
228
306
337
397
425
503
11/17
388
8/10
8/11
86
Rates: (Continued)
FRBanks: (Continued)
Discussion of relation with central bank rates of
Europe and necessity of lowering
Rediscount:
Attitude of Dr. Miller toward changing of
Authority delegated to member or members present
to approve reduction at FRBank to
per cent
Language used in press announcements of changes,
letter from FRBank of Philadelphia
Publication of discussion of policy in Review of
Month of Federal Reserve Bulletin
Reduction about Aug. 15 favored by Mr. Cunningham
Uniform throughout FRSystem, suggested topic for
discussion at conferences of
Governors and FRAgents
Disapproved as topic for discussion
Rathbone, Albert, fee for services in revision of Regulation
K approved
Real estate, authority to Exchange Trust Co. of Boston to
increase investment in
Rediscounts:
Acceptances, bankers, standard form of indorsement to
show eligibility
Advances to member banks against pledge of sterling
bills on prime English banks
Loard of directors of FRBank of Atlanta opposed
to making such advances at present
Federal offense for officers of member banks to make
out false financial statements to
secure
First hational Bank, Belle Fourche, S. D., analysis
of last examination report
Flour, bran, etc., eligibility of paper secured by,
request of Conference of Governors
for reconsideration of ruling
Recommendation of Conference of Governors,
amendment to FRAct suggested
Form of statement required by PRBanks, standardizing of,
topic for discussion at conferences
of Governors and FRAgents
Notes held by member banks and endorsed by officers of
nonmember banks, eligibility of
Recommendation of Federal Advisory Council on
Paper of corporations having subsidiaries, need for
separate financial statements
Sight and demand bills of various kinds, amendment to
FRAct suggested by Senator Morris
Sheppard to make eligible'
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Pages
7/27
48
7/13
31
7/28
62
12/8
465
8/24
7/13
124
51
9/23
9/27
185
200
7/6
15
8/24
121
10/18
290
9/20
176
12/5
427
9/8
160
8/10
87
7/28
61
12/16
515
9/20
174
10/5
10/12
211
266
9/8
168
8/30
150
87
Pages
Regulations, FEBoard:
New edition, authority to have set up in type
Date for consideration and final action on
Consideration made special order for meeting on
morning of Oct. 6
Consideration begun
Consideration resumed
Lade special order for meeting onNov. 14
Effective date referred to Governor with power and
to arrange for prompt printing
To be designated as Series of 1928
Introductory statement commenting on changes
Telegram to FRBanks advising of adoption effective
Jan. 3, 1928
A, Discounts under Sections 13 and 13a:
Article A, form in which adopted
Article B, action postponed
Discussed and adopted
Credit statements under, recommendation of Conference
of Governors on uniformity of
financial statements by subseparate
Filing of
sidiary corporations, recommendation
of Governors Conference
Financial statements of borrowers on agricultural
paper, letter from FRAgent at
Atlanta on
Section IV reconsidered and to be revised as
suggested by Conference of Governors
Readopted in form adopted Oct. 6
B, Open Larket Purchase, action deferred
Considered and readopted
C, Acceptance by member banks of drafts and bills of
exchange, adopted
D, Reserves of member banks:
Copies of draft to be furnished to Federal Advisory
Council
Consideration passed over pending report of Committee
of Federal Advisory Council
Referred to Conference of Governors
Form in which adopted
Section IV reconsidered and to be revised
Section IV adopted
Section V on loans and dividends while reserves are
deficient, form in which adopted
Cities designated to make semi-weekly reports on
average daily net deposit balances
Reserve deficiencies, semi-weekly computations under
Section IV, telegrams to FRAgents on
dates for
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/28
8/9
52
73
10/5
10/6
10/7
11/4
213
218
229
345
12/8
12/14
12/14
464
499
499
12/16
504
10/6
10/7
10/13
219-224
229
277-280
12/16
512
12/6
511
7/15
37
12/6
12/6
10/7
10/13
435
448
229
277,280
10/7
230-232
9/20
177
10/7
10/13
11/14
12/6
12/6
232
280
364-370
437
448-450
12/8
464
12/16
504
12/17
522
88
Regulations, FRBoard: (Continued)
D: Reserves of member banks: (Continued)
Recommendation of Conference of Governors on Sec. IV
E, Purchase of Warrants, adopted
F, Trust powers of national banks:
Collateral security for deposits in other banks,
views of Governor Norris on
Fiduciary powers of national banks, discussed but
passed over
Proposed amendment, request of Mr. Freeman of Corn
Exchange rational Bank for hearing on
Mr. Caldwell and Mr. Freeman present at meeting and
application of section to national
banks in Pennsylvania discussed
Form in which first eight sections were adopted
Sections IX to XV considered and adopted
Section X on revocation of permits, to be omitted
from Series of 1927
G:
Loans on farm land and other real estate, eliminated
from new regulations as unnecessary
Rediscount of notes secured by adjusted service
certificates, changed from M
H, Membership of State banks and trust companies, passed
over
First three sections adopted and action on other
sections postponed
Section IV as presented by Mr. Hamlin and Yr. Miller
both defeated, Counsel to prepare list
of conditions of memberships
Sections IV to VII considered and adopted
I, Increase or decrease of capital stock of FRBanks:
Application for surrender of stock, change in form
for
Considered and adopted
J, Check clearing and collection, consideration passed
over
Form in which adopted
K, Banking corporations authorized to do foreign banking
business, etc:
Fee of Mr. Albert Rathbone in connection with revision
of, approved
Amendqient to Section XI (b) adopted
Letter to First Federal Foreign Investment
Trust and circular to FRBanks on
Considered and readopted
Revision to embody interpretation by Counsel of
section on bond issues of Edge
Corporations
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Pages
12/16
10/7
8/9
516
232 2
72
10/7
235
10/18
297
10/20
11/14
12/6
372-36v
437-44°
12/8
460
10/7
235
11/14
371
10/7
235
11/14
3501
12/6
12/6
44!
440%4
443-4
'
8/30
10/7
130 4
236
'
'
2
10/7
11/14
240 d44
361-v
7/6
8/11
15
90
8/24
10/7
117
240
10/13
272
9
4
89
Pages
Regulations, FRBoard: (Continued)
(Continued)
Section IX adopted in amended form
Not to be designated as Regulation G
Issuance of debentures by First Federal Foreign
Investment Trust, inforu.ation
required on
Information transmitted to FRBoard
Financial statements submitted in accordance
with, memo of Counsel on
Letter advising of action of FRBoard and requiring report every thirty days
on amount of notes received and sold
L, Interlocking bank directorates under Clayton Act,
considered and readopted
M, Rediscount of notes secured by Adjusted Service
Certificates, considered and readopted
Changed to Regulation G
Deposits, definition of savings and time
Directors of FRBranch banks, requiring that one reside
outside of city in which branch is
located, waived for 1928
Noncash collections, proposed new regulation passed over
Not to be adopted at present time
Recommendation of Conference of Governors on
Purchase and sale of bills of exchange and acceptances
abroad by FRBanks, to be prepared
by Counsel
Opinion of Governor Crissinger on
Memo of Counsel requesting more information
Reichsbank, General Council of, Gates W. EcGarrah given permission to attend meeting of
Reports of condition: (See Condition reports)
Reserve requireuents:
Central National Bank, Minneapolis, Minn., application
for reduction approved
Fifth Northwestern National Bank, :iinneaPolis,
reduction approved
Pittsburgh, Pa., reduction approved
Bank,
Forbes National
Harrisburg, Texas, reduction
Bank,
Harrisburg National
approved
Midway National Bank, St. Paul, Minn., application for
reduction approved
Minneapolis, Minn., application
Bank,
National
Minnehaha
for reduction approved
Richfield National Bank, Minneapolis, Minn., application
for reduction approved
Bank, Minneapolis, Minn.,
National
Third Northwestern
reduction approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1001
11/14
323
371
8/24
8/30
121
130
9/27
196,197
10/6
226
10/7
249-253
10/7
11/14
12/16
253-256
371
516
12/5
10/7
11/14
12/16
426
256
371
515
7/12
7/13
8/30
27
32
131
8/11
91
92
11/15
12/8
382
462
12/28
543
10/31
322 .
11/8
346
7/28
56
11/15
382
t
90
Reserve requirements: (Continued)
West Side National Bank, Denver, Colo., application for
reduction approved
Reserves:
Computations of balances of member banks in Cleveland,
Cincinnati, and Pittsburgh, dates
approved
Deposits, tendency of banks to convert from demand to
time classification
National banks against foreign deposit liabilities, memo
of Counsel on
National banks, not necessary against dividends declared
but not paid
Regulation D:
Conies of proposed, to be furnished to Federal
Advisory Council
Recommendation of Conference of Governors on provisions of
(See also Regulations)
Ruling of FRBoard on agreements between correspondent banks
and forwarding banks re credit on
certain items, considered deposit
liabilities against which reserves
are required
Ruling not be included in new Regulation D
Resolutions:
Clearing House Associations of Denver, Wichita, Tulsa,
Omaha, and Kansas City that FRBank
of Kansas City be Permitted to discontinue noncash collection items
Conference of Governors:
Functional expense reports, revision of
FRBank of Atlanta:
Election of officers to be deferred until January
meeting
Managers of FRBranch banks not be directors, disapproved
FRBoard:
Assessment on Flanks for expenses of FRBoard
Blair, J. H., increase in salary as Deputy Governor
at FRBank of Chicago
Custer State Bank, Broken Bow, Nebr., forfeiture of
membership in FRSystem ordered
Expenses of conducting simultaneous examination
of Pacific Southwest Trust and
Savings Bank and branches to be paid
State Banking Department by FRBank
Draft of letter to PRAgent and plan of cooperation with State Superintendent
of
Banks
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Pages
7/28
56
12/17
522
7
7/5
9/27
194
10/20
000
9/20
177
12/16
516
10/13
11/15
Za
386
8/24
119
12/16
Si
12/12
467
12/13
487
12/20
530
12/13
471
12/30
549
7/28
57
8/2
68
91
Pages
Resolutions: (Continued)
FRBoard: (Continued)
"Float" carried by FRBanks, investigation and analysis
to be made by Division of sank
Operations
Report on, submitted by Mr. Smead
Pacific Southwest Trust and Savings Bank, violations
of provisions of Federal statutes by
officers of
Report of Yr. Miller on visit to San Francisco,
and further resolution of Mr. James
that interview with Mr. Robinson
and Yr. Newton be held on Oct. 11
Rediscount rate at FRBank of Chicago to be reduced
from 4 to 3 per cent
Requesting resolution of Federal Advisory Council on
action of FRBoard in reducing rediscount rate at FRBank of Chicago,
action postponed
Wills, David C., payment of salary after date of
death by FRBank of Cleveland, no
further objection by FRBoard
New Orleans Clearing House Association, protesting against
discontinuance of Assistant FRAgent
at New Orleans Branch
Review of the Month for September FRBulletin released for
publication
Revised Statutes:
Capital impairment of State member banks, memo of Mr.
Gilbert on application of certain
sections to
Interpretation of certain sections, memo of Counsel
Action deferred
Lem° of Assistant Counsel answering inquiries
raised by Mr. Gilbert
"Outlying district", definition of term as used in,
submitted by Er. Miller
Definition submitted by Messrs. Wyatt and Collins
adopted
Sections 5208 and 5209, amendment to make misapplying
of funds a felony in all cases
violations)
FRAct,
Violations of: (See
Robinson, H. IT.:
Report of Mr. Miller on plans for reorganization of
Los Angeles-First National Trust
and Savings Bank and also contemplated visit to Washington
Telegram from FRBoard delivered to, and to leave for
Washington
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9/7
11/8
7/5
151
350
13
10/6
218
9/6
146
10/12
268
12/17
525
11/8
346
8/30
130
8/11
9/20
9/27
94
177
196
10/18
294
tf
7/5
8/11
8
94
11/26
415
10/6
217
10/7
228
92
Pages
Robinson, H. M.:(Continued)
Present at meeting of Board and report on violations
of statutes and plans for reorganization of bank
Rulings, FRBoard:
Acceptance practice of FRBanks, changes discussed by
Mr. E. R. Kenzel
Acceptances, bankers, handling by FRBanks and member
banks, changes recommended by
Sub-committee of General Acceptance
Committee
Memo of Counsel on report, referred to Federal
Advisory Council
Recommendation of Federal Advisory Council
Ruling on acceptance involving importation or
exportation of goods
Publication in FRBulletin for December
Report of Committee accepted and filed
Deposit liabilities against which reserves are required,
agreements between correspondent
bank and forwarding bank re credit
on certain items
Ruling not to be included in new Regulation D
Flour, bran, cottonseed oil, etc., eligibility for rediscount of paper secured by, request of Conference of Governors
for reconsideration
Recommendation of Conference of Governors, amendment
to FRAct suggested
Reserves against dividends declared but not paid not
necessary
Savings accounts, classification of certain special
reserve savings accounts as
101
261-264
10/13
282
10/31
325
11/14
11/26
371
415
11/28
11/30
12/16
418
423
516
10/13
11/15
270
085
7/28
61
12/16
513
10/20
300
7/15
56
7/28
62
'IS,,
Safekeeping function at FRBanks, memo of Counsel on report
submitted at Conference of Governors
St. Paul, Minn., designated as non-reserve bank city to make
semi-weekly reports on average daily
net deposit balances
San Antonio Casino Club, membership of Managing Director of
San Antonio Branch in
Savannah, Ga., designated as non-reserve bank city to make
semi-weekly reports on average daily
net deposit balances
Savings accounts, ruling on classification of special reserve
savings accounts to be published in
FRBulletin
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
12/16
504
8/30
129
12/16
504
7/15
36
93
Pages
Secretary of Treasury:
Dewey, Charles S., Assistant Secretary, elected director
of Bank of Poland and adviser
FRnotes, new reduced size, letter from Assistant Secretary
on eliminating legend on ri7hts of
holder and on changing seal
Suggestion of 11r. Miller that reference be made
that notes are redeemable in gold,
to be taken up with Treasury
Department
Report of Mr. Platt on conference with Kr. Broughton
that plan is practicable
suggested amendment to FRAct to
Morris,
Senator
Sheppard,
make certain sight and demand bills
eligible for rediscount
Smith Drygoods Co., Greenville, Ala., draft drawn on themselves for presentation at national
bank, returned by FRBank of Atlanta
South African Reserve Bank, account opened by FRBank of
New York for
Staff of FRBoard:
Comptroller of the Currency:
Kimball, S. E., increase in salary as private secretary
Counsel's Office:
Vest, George B, Assistant Counsel, salary increased
Wingfield, B. Y., Assistant Counsel, salary increased
Wyatt, Walter:
Authorized to attend meeting of Sub-committee
of General Acceptance Committee in
New York
Salary increased
Division of Bank Operatiors:
Barnard, Louise, resignation as Comptometer Operator
Fugitt, Mrs. Rita S., appointed Comptometer Operator
Manning, Alfred W., temporary appointment extended
for one month
Ramsey, Thomas E., appointed for probationary
period
Snead, E. L.:
Functional expense reports of FRBanks, to study
revision of
Salary increased
Division of Issue and Redemption:
Burchard, Mrs. A. R. salary increased
Cranmer, Mrs. E. L.,
Fox, Mrs. Dora I.,
Poston, Mrs. M. C.,
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/20
298
12/20
530
12/22
536
12/28
538
8/30
132
11/21
403
7/28
54
8/30
128
12/16
12/16
509
509
10/18
12/16
296
508
9/20
9/20
170
170
7/12
21
10/5
203
12/16
12/16
514
508
12/28
12/28
12/28
12/28
542
542
542
542
94
Staff of FRBoard: (Continued)
Division of Research and Statistics:
Brougher, Bess, appointed stenographer
Carpenter, Lena G., resignation as statistical clerk
Goldenweiser, E. A.:
Gold imports and exports, withdrawn for earmarking, total amount in country,
etc., report to show quarterly
amounts since 1921
Tables submitted to Board
Salary increased
Statement in nature of disclaimer in books
published by members of staffs of
FEBoard and FRBanks
Halverson, Margaret B., resignation as draftsman
Joy, Aryness, expiration of temporary appointment
Appointed Research Assistant for eight months
Mason, Helen L., appointed draftsman
Nadler, Marcus, resignation of
Riefler, Mrs. Dorothy Brown, resignation of
Rhodes, Thomas B., appointed Research Assistant
Schneider, Jack L., appointed messenger
Wright, Dorothy A., resignation as stenographer
Employees whose services can be spared to be excused
from duty on Dec. 24
Examiners:
Brett, R. H., designated Examiner
Chamerlin, R. B., leave of absence on account of
illness granted
Gordon, P. A., resignation accepted and aprointment
of successor authorized
Herson, J. F., Chief Examiner, salary increased
Siems, L. A., designated Examiner
Wilkes, M. R., appointed Assistant Examiner
Services secured beginning Oct. 16
Fiscal Agent:
Imlay, Wm. M., salary approved
Gold Settlement Division:
Boone, John I., resignation of
Clerk authorized to take place of A. L. Houghton,
resigned
Finn, B. J., employed as extra man on nirht force
Houghton, A. L., leave without pay for three months
Joyce, C. W., dropped from night force
Stutler, Oscar C., extra man on night force to be
placed on regular force
Messengers:
Employment of additional one authorized
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Pages
9/27
12/8
186
461
11/17
12/14
12/16
395
494
509
10/13
9/8
9/2
9/23
9/14
9/23
9/23
10/18
12/12
9/2
274
154
140
181
164
181
181
287
465
140
12/20
526
12/20
528
9/23
180
9/23
12/16
12/20
9/23
10/11
180
506
526
180
260
12/16
509
7/12
21
8/12
7/12
7/12
7/12
99
22
21
7/12
22
7/12
20
22
'
95
Pages
Staff of FRBoard: (Continued)
Messengers: (Continued)
Employment of an additional one for temnorarj
Period authorized
Hicks, LeRoy, services dispensed with
Office of Mr. Cunningham:
Beller, Leona M., salary increased as Secretary
Office of Governor:
Carpenter, S. R., temporary appointment as Private
Secretary and salary increased
Appointment made permanent and salary increased
Giovanetti, Henry, increase in salary as Secretary
Resignation as Secretary
Office of Er. Hamlin:
Laning, Margaret A., increase in salary of
Office of Mr. Miller:
Picks, L. G., increase in salary as Secretary
Salaries of officers and employees approved
Secretary:
Eddy, W. L.:
Des1,o7nated to sign vouchers by direction of
Governor
Salary increased
McClelland, E. M., Assistant Secretary, salary
increased
Murdock, Frank J., employed as Stenographer
Noell, J. C., Assistant Secretary:
Designated to sirn vouchers by direction of
Governor
Salary increased
Stenographer to assist in Trust Division authorized
StenogTanher, temporary employment in place of
Mr. Carpenter
Redemption Division of Comptroller of the Currency:
Poles, James, transferred to roll of Comptroller
of the Currency
Thompson, Frank, transferred to roll of Comptroller
of the Currency
Supervisor of Examination:
Black, W. H.:
Personal notes in bank that is member of
FRSystem
Services to De loaned for examination of
Farmers Bank and Trust Co.,
Forest City, N. C.
To assist FRBank of Richmond in examination of
Expense for transportation and subsistence
to :)e charged to Dank examined
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/13
11/8
271
346
12/17
527
10/20
12/17
7/5
9/23
298
527
3
180
8/9
73
12/17
12/16
527
508
11/8
12/16
350
508
12/16
11/1
508
330
11/8
l/16
8/17
350
508
110
10/20
299
7/15
38
7/15
38
7/5
7
8/30
131
9/8
156
10/18
289
96
Pages
Staff of FRBoard: (Continued)
Supervisor of Examination: (Continued)
Black, W. H.: (Continued)
Standard form of report adopted, to be used in
examinations of banks in St. Louis
District
10/18
Gilbert, Claude:
Capital impairments of State member banks,
application of sections of Revised
Statutes to
8/11
Interpretation of sections of Revised
Statutes, memo of Counsel
9/20
Action deferred
9/27
Memo of Assistant Counsel answering inquiries raised by Mx. Gilbert
10/18
Form of report of examination and analysis of examination of State member banks, to
be submitted to FRAgents
7/12
Standard form tentatively approved and to be
used in examinations in St. Louis
District
lo/18
Forms received from printer and to be used
as experiment
12/14
Personal notes in bank that is member of
FRSystem
7/5
Salary approved
12/16
Good, George E., transfer to examination work made
definite
10/18
Hornstein, Rose, appointment as stenographer made
permanent
9/14
Telegraph Office:
Bowden, M., employed as vacation relief operator
7/5
Outsail, M. L., death of
8/10
March, G. L., appointment of
8/10
State Department:
Documents on taxation of operations of Cuban Agency to
be presented to
7/12
Form of letter approved for transmittal
7/13
(See Taxation)
State member banks:
Bank of Cheraw, Cheraw, S. C., consolidation with Bank
of Chesterfield County and branches,
and operation of branches
12/13
New standard form of report to be used in examining
12/14
Messrs. Hoxton and Seay requested to appear before
FRBoard on
12/16
Application not recommended by Mr. Hoxton, referred
to Governor with power
12/16
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
290
94
177
196
294
27
292
491
7
509
29
164
5
so
so
20
29
486
491
502
519
97
Pages
State member banks: (Continued)
Bank of United States, New York City, violation of :ec.
22 of FRAct by Bernard K. Marcus
Letter from Governor strong on
Bloomfield Trust Co., Bloomfield, N. J., merger with
Bloomfield National Bank
Branches of: (See Branch banks, domestic)
California, policy of State Banking Department of conducting simultaneous examinations
of banks and branches
Camden Safe Deposit and Trust Co., Camden, Y. J., taking
over of Central Trust Co. and
operation as branch
Capital impairments, memo of Mr. Gilbert on, application
of sections of Revised Statutes to
Interpretation of sections of Revised Statutes,
memo of Counsel
Action deferred
Memo of Assistant Counsel answering innuiries
raised by Mr. Gilbert, approved
and Trust Co., New York, control
Bank
Central Mercantile
of Bronx National Bank bought by
affiliated company
Wales, Lake Wales, Fla., analysis
Lake
of
Citizens Bank
of examination prepared by Mr.
Gilbert
Letter from FRAgent at Atlanta that effort is being
made to restore capital of bank
to legal requirements
Letter from FRAgent on efforts to rehabilitate
Citizens State Bank, narianna, Fla., analysis of examination and possible forfeiture of
membership if requirements are not
complied with
Extension of time to meet requirements granted
Commercial and Savings Bank, Florence, S. C., proposed
reduction in capital stock
New standard form of report to be used in examining
Commercial State Savings Bank, Detroit, Mich., cancellation of stock in FRBank of Chicago
Condition reports:
Call as of June 30
Call as of Oct. 10
Criminal provisions of FRAct and Revised Statutes,
applicability to
Custer State Bank, Broken Bow, Nebr., analysis of
examination of
that membership should be forFRAgent
from
Letter
feited if condition is not improved
at once
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/17
9/2
108
142
12/22
532
7/28
10/27
56
316
8/11
94
9/20
9/27
177
196
10/18
294
7/28
54
7/28
56
8/2
10/31
68
323
7/28
10/7
59
229
12/13
12/14
489
491
9/8
159
7/5
10/13
3
270
7/15
36
7/5
7/21
6
45
98
Pages
State member banks: (Continued)
Custer State Bank: (Continued)
Reply of FRBoard on action to be taken by FRBank
Hearing on forfeiture of membership set for Dec. 30
Forefeiture of membership ordered
Douglasville Banking Co., Douglasville, Ga., analysis of
credit investigation prepared by
Er. Gilbert
Reply of FRAgent that bank be given opportunity to
improve condition before forfeiture
of membership is required
Examination reports of banks in Richmond District to be
accompanied by analysis and recommendation of FRAgent
Examinations, proposed amendment to FRAct to assess
expenses against banks examined
(See also Examinations)
Exchange Trust Co., Boston, Mass., authority to increase
amount of investment in real estate
Farmers Bank and Trust Co., Forest City, N. C., condition
as revealed by examination showing
violations of FRAct
FRBank of Richmond to make independent examination of
Mr. Black to assist in examination, certain expenses
to be assessed against bank
Farmers State Bank, Genoa, Nebr., analysis of examination
Farmers State Bank, Hallsville, Texas, analysis of examination prepared by Mr. Gilbert
Farmers State Bank, St. Edward, Nebr., analysis of examination of
Farmers State Savings Bank, Bay City, Mich., cancellation
of stock in FRBank of Chicago
Federal Trust Co., Newark, N. J., to merge Springfield
Avenue Trust Co. and operate as
branch
Advice of completion of merger
Fidelity Bank and Trust Co., Memphis, Tenn., report on
plans to nationalize and reduce
capital
First State Bank, lormangee, Texas, cancellation of stock
because of expiration of charter
Memo of Counsel on form of application for surrender
First State Bank, Phillipsburg, Mont., date for hearing on
forfeiture of membership in FRSystem
First State Bank, Seminole, Texas, form of application for
surrender of stock because of
expiration of charter
Application for surrender and cancellation approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/28
11/30
12/30
59
420
549
7/21
45
8/2
69
12/16
521
12/14
492
8/24
121
8/30
9/8
101
156
10/18
289
7/5
6
8/2
66
7/5
6
7/12
26
8/10
10/5
205
10/31
324
8/24
8/30
117
102
12/17
527
8/30
9/27
102
196
64
99
PaF.es
State member banks: (Continued)
Form of examination report to be prepared by Fir. Gilbert
and to be used by FRAgents
Standard form tentatively approved and to be used
in examinations in St. Louis
District
Forms received from printer and to be used as
experiment
Hadley Falls Trust Co., Holyoke, Liass., consolidation
with City National Bank of Holyoke
Hamilton Trust Co., Paterson, N. J., to absorb business
of Totowa National Bank of Paterson
and continue as branch
Harris Trust and Savings Bank, Chicago, Ill., ruling on
classification of certain special
reserve savings accounts
Ihlen State Bank, Ihlen, Linn., analysis of credit
investigation prepared by 1.7r. Gilbert
FRAgent to be asked for
FRBank,
Reply from
recommendations
Bank to make voluntary withdrawal
Interstate Trust Co., New York, N. Y.:
Application to accept for furnishing dollar exchane
Proposed absorption of Hamilton National Bank
Junction State Bank, Junction, Texas, consolidation with
First National Bank of Junction
without approval of FRBoard
Longacre Bank of New York City, controlling interest
purchased by Financial and Industrial
Securities Corporation
Manufacturers Trust Co., New York City, controlling
interest in Lon,?)acre Bank purchased
by company allied with
Marine Bank and Trust Co., New Orleans, recuest that
New Orleans branch make advances
against sterling bills on Prime
English banks
Board of directors of FRBank of Atlanta, opposed to
making such advances at present
Mound City Trust Co., St. Louis, investigation of apparent
criminal violations in
purchase of control of
of
Bank
Brooklyn,
Municipal
Nostrand Bank of Brooklyn
To be continued as branch
North Liberty State Bank, North Liberty, Ind., courses
for termination of membership and
cancellation of FRBank stock
Oakland State Bank, Oakland, Nebr., analysis of examination showing violation of conditions
of membership
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/12
27
10/18
292
12/14
491
11/25
406
11/1
330
7/15
06
7/21
45
8/2
8/10
70
84
8/10
12/22
82
533
10/20
300
9/2
141
9/2
141
9/20
176
12/5
427
7/12
25
9/2
11/1
141
330
10/27
316
9/2
143
100
State member banks:_ (Continued)
Oakland State Bank, 2/El.kland, Nebr., (Continued)
Condition of, memo of Counsel on
Old Colony Trust Co., Boston, Mass.:
Foreign branches, opinion of Counsel on right to
establish, referred buck to Law
Committee
Opinion of Counsel rejected, opinion of Attorney
General to be sought
Request of bank that asking for opinion of
Attorney General be withheld
Pacific Southwest Trust and Savings Bank, Los Angeles:
Consolidation with First National Bank under title
Los Angeles-First National Trust
and Savings Bank
Examination of, bill for expenses presented by
State Banking Department to FRBank
Draft of letter to FRAgent and plan of cooperation with State Superintendent of
Banks in making examinations of
State member banks
To take over Bank of San Fernando and consolidate
with existing branch
Advice of completion of deal
Violation of provisions of Revised Statutes and
FRAct, Messrs. lewton and Agnew
meet with Board on
Status of plans for reorganization and
resolution of FRBoard on
Report of "Jr. Miller on visit to San Francisco
and resolution on interview with
Mr. Robinson and Mr. Newton
Advice from Mr. Newton that he is leaving for
Washington
1,1r. Robinson and Mr. kiewton present at meeting
of Board and reorganization of bank
discussed
Action left to discretion of Mr. Newton
Application of provisions of statute of
limitations to officers
Rhode Island Hospital Trust Co., Providence, application
to accept to 100 per cent approved
Security Bank and Trust Co., Bakersfield, Calif.,
surrender of FRBank stock formerly
held by Security Trust Co.
Security Trust and Savings Bank, Los Angeles, Calif.:
Examination of bank and brunches, FRBank to be
billed for extra copies of report
Report of FRAgent on expense, absorption by
FEBank approved
John 7i. Crovnover charged with theft, reporting to
United States District Attorney
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Pages
11/30
424
12/5
428
12/14
497
12/22
555
9/2
140
7/28
8/2
7/28
8/17
67
50
104
7/5
1
7/5
12
10/6
216
10/7
228
10/11
10/12
261-04
265
11/28
418
9/20
172
11/15
385
8/30
129
9/2
109
8/24
120
101
Pages
State member banks: (Continued)
Springfield Avenue Trust Co., Newark, N. J., merger with
Federal Trust Co. and to be
operated as branch
Advice of completion of merger
State Bank of :.adelia, Minn., exaJaination report of, and
absorption of First National Bank
of Liadelia approved
Revere, Minn., analysis of examRevere,
of
State Bank
ination prepared by Mr. Gilbert
State Planters Bank and Trust Co., Richmond, Va., purchase of capital stock of bank to be
organized at Hopewell, Va.
Memo of Counsel on, to be referred to Attorney
General for opinion
Withdrawal of inquiry by bank, letter to Attorney
General to be revised
Letter to Attorney General referred back to
Governor with power
Letter sent to Secretary of Treasury and reply of
Mills of transmittal to
Attorney General
Co., San Francisco, Calif.,
Trust
and
United Bank
Proposed consolidation with
Banca Popolare Fugazi
Telegram to FRAgent at San Francisco on conditions of consolidation
Co., San Francisco, Calif.,
Trust
and
United Bank
stock held oy .oancitaly Uorporation:
(See Bancitaly Corporation)
United State Bank, Chicago, Ill., application to operate
trust department approved
account of Flank of New York,
London
from
Sterling, sales
letter from Governor Strong on
Sterling bills, on prime English banks, advances to member
banks against pledge of
Board of directors of FRBank of Atlanta opposed to making
such advances at present
Sterling exchange, letter from Governor Strong on present
position of
Stevenson, Hon. William F., information on proposed consolidation of Bank of Cheraw and
Bank of Chesterfield County
Stock, capital:
Bancitaly Corporation holding stock of independent banks:
(See Bancitaly Corporation)
Bank to be organized at Hopewell, Va., purchase by
State-Planters Bank and Trust Co.,
Richmond
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/10
10/5
84
205
8/24
114
7/28
59
10/31
326
11/4
340
11/8
349
11/15
386
11/17
388
12/28
541
12/30
547
10/24
308
9/2
142
9/20
176
12/5
427
10/24
312
12/13
489
10/31
326
102
ii
Pages
Stock, Capital: (Continued)
Bank to be organized at Hopewell, Va.: (Continued)
Memo of Counsel on, to be referred to Attorney
340
General for opinion
11/4
Withdrawal of inquiry by bank, letter to Attorney
349
General to be revised
11/8
Letter to Attorney General referred back to
386
Governor with power
11/15
Letter sent to Secretary of Treasury and reply
of Mr. Mills that letter was trans388
mitted to Attorney General
11/17
Commercial and Savings Bank, Florence, S. C., proposed
469
reduction in
12/13
491
New standard form of report to be used in examining
12/14
399
Farmers National Bank, Bryan, Ohio, reduction approved
11/21
204
Farmers National Bank, Ludlow, Mo., reduction approved
10/5
Fidelity Bank and Trust Co., Memphis, Tenn., report on
plans to nationalize and reduce
324
stock
10/31
First Federal Foreign Investment Trust to obtain consent of FRBoard before each invest195
ment in stock of (-)ther corporations
9/27
Regulation K to be revised to embody interpretation
72
suggested by Counsel2
10/13
Splitting of shares of :
, 100 par value into shares
365
of :.25 par value
11/15
429
First National Bank, Dublin, Ga., reduction approved
12/5
First National Bank, Madison, Ga., reduction approved
198
9/27
364
Change in condition of reduction approved
11/15
428
First National Bank, Olanta, S. C., reduction approved
12/5
First National Bank, Pauls Valley, Okla., reduction
534
approved
12/22
First National Bank, Wausau, Wis., application for re259
duction
10/11
Application referred back to Comptroller of the
287
Currency for further consideration
10/12
Florida, raid in by trust companies before beginning
174
business in
9/20
Haskell National Bank, daskell, Okla., reduction
542
approved
12/28
Impaired of State member banks, application of sections
94
of Revised Statutes to
8/11
Interpretation of sections of Revised Statutes,
177
memo of Counsel on
9/20
196
Action deferred
9/27
294
Memo of Assistant Counsel approved
10/18
National City Bank of Los Angeles, Calif., reduction
399
approved
11/21
Shawmut Corporation, application of National Shawmut Bank
25
of Boston to invest in, approved
7/12
http://fraser.stlouisfed.org
Federal
Reserve Bank of St. Louis
Ii
i
103
Pages
Stock: FRBank:
FRBank of Atlanta:
First National Bank of Athens, Ala., liquidated,
stock ordered cancelled
FRBank of Boston:
Worchester County National Bank, Worchester, Mass.,
surrender of excess shares as
result of consolidation not
necessary
FRBank of Chicago:
Commercial State Savings Bank, Detroit, lAch.,
cancellation of
Farmers State Savings Bank, Bay City, nich.,
application of Bay City Bank for
surrender of
First State Bank, Magnolia, Ill., failure of receiver to file application for
surrender
North Liberty State Bank, North Liberty, Ind.,
course to be followed in cancellation
of
FRBank of Cleveland:
Farmers and Merchants hational Bank, Lit. Morris, Pa.,
thirty days granted receiver for
surrender
First National Bank, Dimbar, Pa., thirty days
granted to receiver for surrender
Noble County National Bank in Caldwell, Ohio,
application approved
Noble County National Bank of Caldwell, Ohio, cancellation approved
FRBank of Dallas:
City National Bank, Cleburne, Texas, application
approved
First State Bank, Normangee, Texas, cancellation of
Memo of Counsel on form of application for
surrender
First State Bank, Seminole, Texas, form of application for surrender because of expiration of charter
Application for surrender approved
State National Bank, :rarfa, Texas, no objection to
return of stock payment to State
bank
FRBank of Minneapolis:
Third Northwestern National Bank, Minneapolis, Linn.,
application approved
FRBank of New York:
Cohocton State Bank, Cohocton, N. Y., application
approved
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8/24
113
8/24
118
9/8
159
7/12
26
9/14
166
10/27
316
9/14
166
9/14
166
12/16
507
12/16
507
7/28
8/24
51
117
8/30
132
8/30
9/27
132
196
12/17
523
10/5
202
12/14
492
104
Pages
Stock, FRBank: (Continued)
HiBank of Philadelphia:
Farmers and Merchants National Bank, Mt. Morris, Pa.
thirty days granted receiver for
surrender of
First National Bank, Dunbar, Pa., thirty days granted
receiver for surrender of
FRBank of Richmond:
Catonsville National Bank, Catonsville, ijd., anplication for stock approved
FRBank of San Francisco:
Security Bank & Trust Co., Bakersfield, Calif., surrender and cancellation of shares
formerly held by Security Trust Co.
Insolvent member banks, revision of form of application
for surrender under Regulation I
Stout, Rose, Wells, and Martin, Attorneys, request for certified
copy of document accepting conditions
of FRAct by Corn Exchange National
Bank of Omaha
Draft of letter transmitting copies of documents approved
Sub-treasury functions, application of Charlotte Branch to
exercise
Swiss exchanc:e, letter from Banque Lationale Suisse of
Zurich on
9/14
166
9/14
166
12/5
426
11/15
365
8/30
100
12/28
12/30
545
549
9/8
156
11/25
409
11/26
416
”Mtt
Taxation:
Discount received by foreign corporation from American
bankers acceptances, repeal recommended by Federal Advisory Council
Operations of Cuban Agency, documents to be submitted to
State Department
Form of letter approved for transmittal
Report of Secretary of Board on negotiations with
State Department on status of
controversy
•
Decision of Secretary of Treasury of Cuba that tax
be paid within ten days
Thirty day extension in time for payment of tax
granted by President of Cuba
Report of State Department that President of Cuba
would attend to matter and tax would
not be levied
Resolution of FRBank of Atlanta authorizing Mr. Newton
to go to Havana re
Territory of FRBanks and Branches:
Charlotte Branch, list of counties in North and South
Carolina
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/12
7/13
20
29
10/20
299
10/24
312
10/27
316
11/4
340
11/17
095
9/27
190
105
Pages
Territory of FRBanks and Branches: (Continued)
FRBank of Dallas:
1:,enard County, Texas, not to be transferred to
San Antonio Branch
Transfer of three counties from head office to
Houston Branch
Houston Branch, amendment to bylaws to bring list of
counties up to date
Time Schedule:
Intra-district between Charlotte, Richmond and Baltimore
YAnneanolis to Baltimore, change from three to two days
Richmond, Baltimore and Charlotte and the other FRBanks
and branches
Schedule to Charlotte to be considered, approved
for an Francisco and branches
s and branches to
otherFRBank
for
Approved
Charlotte
San Antonio Branch, changes in
Tinkham, Hon. George H., request for names of members of
FRBoard who voted for and a7ainst
reduction in discount rate at
FRBank of Chicago
Draft of reply prepared by Secretary
Treasurer of United States:
Advice that no applications were received from national
banks for bonds during second
quarter
During third quarter
Treasury financing on Dov. 15, ease in money market as result
)trong
of, letter from Governor ,
Report of Governor of Board on amount of overdraft on
Eov. 17
Report on amount of overdraft on Dec. 15
Trowbridge, A. B., Consulting Architect:
Detroit Branch building, payment of balance of fee
approved
to communicate later re
building,
San Antonio Branch
plans and specifications for
Trust companies in Florida, letter from Comptroller of '...:tate
on capital and surplus required of
branch building and postoffice,
Birmingham
between
l'unnel
contract awarded
United States District Attorney:
Crownover, John W., theft of funds at Security Trust
and Savings Bank of Los Angeles to
be reported
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7/6
15
11/25
408
12/28
539
11/26
11/28
414
541
11/17
391
11/21
400
11/25
8/17
406
107
12/5
12/6
429
450
7/12
10/20
24
302
11/25
408
11/25
12/16
410
502
12/28
538
10/5
205
9/20
174
10/20
302
8/24
120
106
Pages
United States District Attorney: (Continued)
Los Angeles, reporting of violations of statutes by
Pacific Southwest Trust and Savings
Bank
(See also Department of Justice)
United States Foreign Financing Corporation: (See Foreign
banking corporations)
7/5
1
111Vtt
Vaults:
Baltimore Branch:
Doors equipped with plates of "donsteel", special
price quoted by Mosier Safe Co.
Report on previous consideration of matter to
be submitted by Secretary
Proposal disapproved
Charlotte Branch, estimate of cost of equipment
Contract approved
San Antonio Branch, plans for
Violations of FRAct and Revised Statutes: (See Fact)
10/18
296
10/20
1/24
8/30
9/27
11/4
302
311
129
190
343
ttlytt
Wan, Henry Y., questionnaire on organization and operations of
Pittsburgh Branch and branches of
FRBank of Dallas
167
9/14
War Finance Corporation Act, misapplying of funds a felony
under
416
11/26
Warrants, purchase of, Regulation E adopted
252
10/7
Weekly Statements: (See Condition Reports)
Welfare and educational work at FRBanks, Expenditure for:
55
June
7/28
August
178
9/20
September
308
10/24
402
October
11/21
November
5
44
12/28
Williams, J. P., circular letter to member banks in Eleventh
District with criticisms of administration of FEBank of Dallas
168
9/14
Copy of further circular criticising policies and letter
inviting certain member banks to
meeting in Fort Worth
10
9/20
Invited to appear before Board of Directors of FEBank for
309
hearing
10/24
Hearing to be held Dec. 12, request of FEBank to absorb
expense
410
11/25
Expenses to be borne by FliBank of Dallas, approved
421
11/30
Stenographic report of hearing, further expenditure for
543
adjourned meeting on Jan. 6
12/28
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
107
Pages
Wisconsin:
Securities deposited with State authorities by national
banks, surrender to those desiring
to terminate fiduciary activities
Withdrawals from FRSystem:
Custer State Bank, Broken Bow, Nebr., hearing on forfeiture
of membership set for Dec. 30
Forfeiture of membership ordered
First State Bank, Magnolia, Ill., failure of receiver
to file application for surrender
of FRBank stock
First State Bank, Philipsburg, Mont., date for hearing
on forfeiture of membership
First State Bank, Seminole, Texas, form of application
for surrender of stock because of
expiration of charter
Application for surrender and cancellation
approved
Minn., to make voluntary
Ihlen,
Bank,
Ihlen State
withdrawal
North Liberty'State Bank, North Liberty, Ind., courses
for terminating membership and
cancelling FRBank stock .
Merrill Trust Co., Bangor, Me., unlawful to establish
branch outside of Bangor until
effective date of withdrawal
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10/24
311
11/30
12/30
423
549
9/14
166
12/17
527
8/30
132
9/28
196
8/10
84
10/27
316
9/20
173
4
@FedFRASER