Full text of Minutes of the Board of Governors of the Federal Reserve System : Meeting Index, November to December 1933, Volume 20, Part 5

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KEY

INDEX

Branch Banks, Domestic, FRBanks and
Foreign, see Branch Banks
Clayton Act Applications, see Interlocking Directorates
Directors of FRBanks and Branches,
see Directors
National Banks are listed under heading National Banks
State Banks are listed under State
Member Banks, Nonmember Banks,
and Membership
Stock of FRBanks and Member Banks,
see Stock

INDEX
November - December, 1933
',Aft
Pages
Abrasion on gold coins:
FRBank of New York, reply to 11r. Sailer that FRBanks should not
absorb, no objection to absorption of small amounts, and small shipping charges
Acceptances, bankers:
FRBank of Boston:
Purchase from FRBank of New York to equalize reserves and
earnings of both banks, no objection
Purchase of •8,500,000 approved
No objection to taking daily allotment of FRBank of New
York's bankers' bills until holdings rise to
)35,000,000
Purchase from member bank, requested to show why approval of
Board under Regulation M is not required
Advertising:
Insurance of deposits, reply to Mr. Williams on method of dealing with, in connection with advertisement of
Peoples Savings Bank Co., Delta, Ohio, copy of
F.D.I.C. regulation on advertising inclosed
Advisory Council: (See Federal Advisory Council)
Affiliates:
Alamo National Co., San Antonio, Texas, to be separated from
Alamo National Bank and latter to make loan to
Bank of Spring City, Tenn., reply to Mr. Shadden that bank is
affiliate of Hamilton National Bank, Chattanooga, Tenn.
Central Hanover Bank and Trust Co., bew York, 1\. Y., extension
of time for filing report of affiliate domiciled
abroad
Condition reports, reply to Assistant FRAgent at Cleveland in
response to questions on Form 220
First Mortgage Loan Co., San Angelo, Texas, reply to :a.. Nalsh
relative to inquiry of First National Bank as
to whether company is "securities company"
First Security Corporation of Ogden, Utah, proposed merger of
three member banks with thirteen nonmember
banks into First Security Bank of Idaho, with
15 branches
Guaranty Trust Co., New York, N. Y., condition reports of those
domiciled abroad, extension of time for filing
Harvey Brokerage Co., Inc.: (See State member banks, Manufacturers Trust Co.)
Huron Holding Corporation: (See State member banks,
Llanufacturers Trust Co.)
Jefferson Securities Corporation, Watertown, IC. Y. ruled affiliate of Jefferson County National Bank, relation
should be severed
Keystone Mortgage and Investment Co., reply to Mr. McClure that
it is not affiliate of Commerce Trust Co., Kansas City, Mo., within Sec. 20 of Banking Act of
1933

12/19

464

12/ 8
12/18

342
404

12/18

405

12/22

555

11/28

249

11/6

12/19

475

11/15

132

11/11

101

12/ 6

309

11/15

128-31

11/11

100

11/6

12/19

474

2
Affiliates: (Continued)
Maine Real Estate Title Co., membership condition of Merrill
Trust Co. waived and former not to engage in
any business except that of liquidation
101
Merrill Securities Corporation, placing in liquidation complies
with membership condition imposed on Merrill
Trust Co., Bangor, Me.
100
State member banks, condition reports, reply to Mr. McClure's
advice of incomplete reports that forms are to
be revised
6
Stock Growers National Co., affiliate of Stock Growers National
Bank, Cheyenne, Wyo., reply to Mr. Marble advising of provisions of law relative to affiliation 11128
Union Trust Co., condition of membership imposed on Merrill Trust
Co., Bangor, Me., in connection with, amended
4/20
Winchester Trust Co., Winchester, Mass., FRBank of Boston authorized to extend time for filing of reports of
affiliates if justified
105
Zion's Savings Bank and Trust Co., information published on form
221 same as required on form 220, republication
unnecessary as affiliate of Utah Trust and Savings Co.
11/15
Agencies, FRBank:
Savannah:
Staff:
Goethe, James A., Assistant Manager, not necessary to
dispose of interest in produce store
105
Alaska:
Membership in FRSystem of Alaskan banks, question of policy raised by inquiries of First National Bank of Ketchikan, difficulty of examining, danger of loss of
confidence if application were disapproved
105
Motion that Board take position that it will not admit at
present, FRAgent to submit all information to
Board for decision as to making of examination
105
mentioned
Matter
11/28
(See also Membership in FRSystem, Banks outside of U. S.)
Alter, I. R.: (See National banks, First National Bank, Grand
Island, Nebr.)
American Bankers Association:
Banking code committee, reply to Mr. Ransom, Atlanta Chapter, on
scale of charges for services in connection with
indirect payment of interest on demand deposits 11129
Correspondence on analysis of depositors' accounts to determine whether service charges should be assessed,
to be published in FRBulletin
107
Indiana, reply to 1.1r. Mbuntjoy that absorption of tax on deposits
by banks does not constitute indirect payment of
interest
101
American Institute of Banking:
Park, Y.W.F., Assistant Cashier of FRBank of Kansas City, no objection to placing name in nomination for vice
presidency
11/15
Anderson, Newton E., reply to question as to whether FRbank notes
are obligations of Treasury, quoting FRAct
11/28

Pages

172

236
172

132

133

123

147

148
199

268

599

365

145
247

3
Pages

Anthony, E. E.:

(See National banks, First Farmers and Merchants
National Bank, Troy, Ala.)
Appreciation in securities: (See Membership in FRSystem, Applications)
Argentina:
Interest payment on funds of, by New York banks, reply to Secretary of State on
11/11
Articles for publication:
Year-end articles, advice to all FRAgents that Board's position
against furnishing to publications is unchanged 12/18
Assessments:
FRBanks, resolution of FRBoard levying on, for expenses
12/21
Attorney General: (See Department of Justice)
Averill, Ernest L.
(See Membership in FRSystem, Connecticut banks)

106

435
507

"B"
Bacharach, H.: (See State member banks, Equitable Trust Co.)
Baker, Newton D.:
Gold of FIZSystem, consideration of employing in connection with
plan of Mr. Morgenthau to take title to, La-.
Wyatt to call for conference
Payment of retainer fee approved
Present at meeting of Board on transfer of title without
Congressional action, to present conclusions
with Mr. Wyatt, in writing
Opinion on transfer without Congressional action, reference
to written statement of
Letter of -!r. Wyatt on opinion of Yr. Baker that if called
on to surrender gold, FRBanks should do so under
formal protest, copy of Ir. Baker's opinion
Opinion considered by Board and conclusions reached as to
procedure to be followed
Memorandum of, and of Mr. Wyatt, on conference with Attorney
General, and letter to Governor Black answering
categorical questions
(See also Dollar devaluation)
Bankers Code of Fair Competiti
on:
American Bankers Association, Atlanta, Ga., reply to Mr. Ransom
on scale of charges for services rendered by
banks, in connection with indirect payment of
interest on demand deposits
FRBank of Dallas, reply that Code supplants blanket agreement
and Board has no objection to FRBanks conforming to provisions of
Lorth Carolina Bankers Association, reply to Mr. Brown that Code
does not come within province of Board
Banking Code Committee of American
Bankers Association: (See American Bankers Association)
Bank for
International Settlements:
Harrison, G. L., considering sending representative to meetings,
Board should take action on service as director
of, Mr. Miller's motion that he decline, action
deferred
Opinion of Mr. Wyatt on service, letter to be prepared by
Governor Black and Mr. Miller that he should not
accept
Letter presented and approved

12/20
12/21

487-8
502

12/21

510

12/22

521

12/22

523-31

12/22

532

12/27

602

11/29

268

11/15

134

11/15

140

11/ 6

11/7
4/28

60
250

Pages

Banking quarters:
Building and loan association occupying member bank building,
question raised in connection with Farmers and
Merchants Bank and Trust Co., established policy
to be adhered to
124/28
Bonds:
Federal Farm Loan, Third National Bank, Rockford, Ill., reply to
Mr. Westerberg on query as to acceptance as security for trust funds in coimnercial department
101
Fourth, 4-L%, Executive Committee of Federal Open Market Committee,
noted from minutes of meeting of Oct. 25 that
authority was requested to convert all or part
11/11
of, request for replies
Government: (See Government securities)
Home Owners Loan Corporation:
Federal Home Loan Bank Board, request that FRBanks and
branches be utilized for delivery, no objection,
Treasury Department must initiate negotiations
12/ 8
Loans on, reply to Mr. Townsend on conditions under which
FRBanks may accept as collateral for, and that
President has taken no action under Sec. 43 of
Act approved May 12, 1933
12/21
Premium payment: (See Deposits)
Surety:
Applicants for membership in FRSystem and members of System,
advice to FRAgents on adequacy of
13120
Austin, R. L., renewal as FRAgent at Philadelphia
13,/ 6
Curtiss, F. H., renewals of two, as FRAgent at Boston
13120
Issue of FRnotes, request FRAgents to furnish amount of bond
for any person other than Assistant FRAgents
authorized to act in
12/12
Post, A. E., renewal as Assistant FRAgent at Philadelphia
ll/ 6
Roelse, H. V., instructions concerning, in connection with
appointment as Assistant FRAgent at FRBank of
New York for 1934
12/18
Swanson, Ernest W., as alternate acting assistant FRAgent
at Minneapolis
11,/-1
Borrowings of banks:
Banks borrowing 80% or more of the time, advice to FRBanks that
semi-annual reports on Form B-14 may be suspended until further notice
12/26
Branch banking:
Review of, in United States as of December, 1932, prepared by
Division of Bank Operations, copies furnished to
Board members and to be supplied to FRAgents
11/15
Pennsylvania, permission requested by Mr. Austin to furnish
to persons in, contemplating legislation, motions
that it not be given out and not published in
FRBulletin, carried
la/ 6
Branch banks, domestic:
American Trust Co., San Francisco, Calif.:
Sacramento, position of Comptroller regarding capital requirement, Board has not determined stand
101
Depositors Trust Co., Augusta, Me., membership application approved subject to approval of Comptroller of establishment and operation of nine branches, letter
to Comptroller
la/ 4

611

115

341

496

172
23
164

383
23

406
12

574

146

299

277-8

5
Pages
Branch banks, domestic: (Continued)
First National Bank of Ogden, Utah, limited voting permit granted to First Security Corporation of Ogden for
consolidation of six State banks with, and
12/11 357-8
operation of five branches
First Security Bank of Idaho, Boise, proposed merger by First
Security Corporation of three member and 13 non105 129
member banks to form, with 15 branches
. (See also infra First Security Corporation of Ogden)
First Security Corporation of Ogden, Utah, voting permit granted
in plan involving merger of three member and 13
nonmember banks and establishment of 15 branches 105 128
Letter to Comptroller outlining plan, First Security Bank of
Idaho to be title, recapitalization involved,
views requested on branches
4/15 129-31
Board offers no objection
4/29 262
Montorey County Trust and Savings Bank, Salinas, Calif., application for membership approved if Comptroller approves branches at Carmel, Castroville and
12/ 6 301
Monterey
National banks, establishment out-of-town in California, South
Carolina and Tennessee, opinion of Attorney General, request consent of Comptroller to publish
11/ 6
in FRBulletin, copies sent to FRAgents
37
Peoples Bank and Trust Co., Seattle, Wash., letter to Comptroller on operation of First National Bank of Renton
as branch after absorbing it, question of capi635-7
talization and conditions of approval
Removal from one town to another, ruling to be published in
FRBulletin
13/ 6
38
Review of branch banking in United States as of December, 1932,
prepared by Division of Bank Operations, copies
furnished to Board members and to be furnished
to FRAgents
4/15 146
Pennsylvania, permission requested by Mr. Austin to furnish
to persons contemplating legislation, motions
that it not be given out and not published in
FRBulletin, carried
12/ 6 299
Spokane and Eastern Trust Co., Spokane, Wash., limited voting
permit granted Northwest Bancorporation to effect consolidation of Security Eational Bank,
Chancy, and operation as branch
12/27 595-9
Union Trust Company of Maryland, Baltimore, 1Jd., letter to Comptroller concerning operation of Overlea branch,
Board's position as to capitalization
12/29 633-5
Branch banks, FRSyst
Baltimore:
Directors: (See Directors)
Examination report, letter to Mr. Hoxton on recommendations
of examiner
12/19 465-8
Staff:
Anderson, L. E., temporary appointment as acting assistant FRAgent approved subject to condition that
he resign present position
12/26 567
Birmingham:
Directors: (See Directors)

Pages
Branch banks, FRSystem: (Continued)
Buffalo:
Directors: (See Directors)
Examination report, letter to 2fr. Case on criticisms
Charlotte:
Directors: (See Directors)
Examination report, letter to Mr. Hoxton on recommendations
of examiner
Staff:
Francis, C. E., temporary appointment as acting assistant F&Agent approved on condition that he resign present position
Cincinnati:
Directors: (See Directors)
Staff:
Johnson, R. G., temporary reappointment as acting assistant FRAgent approved
Denver:
Directors: (See Directors)
Personnel classification plan, changes approved
Staff:
Jones, Judd II., temporary reappointment as acting assistant FRAgent
Detroit:
Directors: (See Directors)
Personnel classification plan, changes approved
Staff:
Martin, John H., reappointment as assistant FRAgent
El Paso:
Directors: (See Directors)
Staff:
Allen, G. M., temporary reappointment as acting assistant FRAgent
Helena:
Directors: (See Directors)
Discontinuance, proposed letters to Mr. hemton and Mr. Peyton, action deferred until Eov. 20
Houston:
Directors: (See Directors)
Staff:
Lawhon, D. S., temporary reappointment as acting assistant FRAgent
Jacksonville:
Directors: (See Directors)
Little Rock:
Directors: (See Directors)
Staff:
Goldschnid, J. P., temporary reappointment as acting
assistant FRAgent
Los Angeles:
Directors: (See Directors)
Personnel classification plan, changes approved
Staff:
Swengel, Henry D., temporary reappointment as acting
assistant FRAgent
Louisville:
Directors: (See Directors)

12/ 4

282-4

12/19

465-8

12/26

567

12/ 8

319

108

203

12/18

408

1],/ 6

12/18

407

12/18

409

105

148

12/18

409

12/18

408

11/6

12/18

409

Branch banks, FRSystem: (Continued)
Louisville: (Continued)
Staff:
Moore, L. A., temporary reappointment as acting assistant FRAgent
Memphis:
Directors: (See Directors)
Personnel classification plan, change approved
Staff:
;ialker, L. T., temporary reappointment as acting assistant FRAgent
Nashville:
Directors: (See Directors)
Personnel classification plan, changes approved
Staff:
Starr, L. W., not necessary to dispose of interest in
drug store
New Orleans:
Directors: (See Directors)
Personnel classification plan, changes approved
Oklahoma City:
Directors: (See Directors)
Staff:
Clark, J. C., Jr., temporary reappointment as acting
assistant FRAgent
Omaha:
Directors: (See Directors)
Staff:
Sanders, T. Gordon, temporary reappointment as acting
assistant FRAgent
Pittsburgh:
Directors: (See Directors)
Staff:
Nolte, W. H., temporary reappointment as acting assistant FRAgent
Portland:
Directors: (See Directors)
Personnel classification plan, changes approved
Staff:
Snow, G. A., temporary reappointment as acting assistant
FRAgent with authority to act also at Seattle
and Spokane Branches
Salt Lake City:
Directors: (See Directors)
Personnel classification plan, changes approved
San Antonio:
Directors: (See Directors)
Staff:
Gowland, C. P., temporary reappointment as acting assistant FRAgent
Seattle:
Directors: (See Directors)
Personnel classification plan, changes approved
Staff:
Snow, G. A., temporary appointment as acting assistant
FRAgent

7
Pages

108

408

101

108

408

108

203

105

123

1il28

203

108

408

12/18

408

12/ 8

319

1],/ 6

108

409

11,/ 6

108

409

13/ 6

108

409

Pages

Branch banks, FRSystem: (Continued)
Spokane:
Directors: (See Directors)
Discontinuance, proposed letters to Messrs. Peyton and Newton,
105
action deferred until Nov. 20
11,/ 6
approved
changes
plan,
Personnel classification
Staff:
Snow, G. A., temporary reappointment as acting assistant
12/18
2aAgent
Branch banks, foreign:
Chase National Bank, New York, N. Y., acceptance of accounts and
acting as correspondents for firms dealing in securities, reply to Yr. Stern on applicability of
11/ 6
Sec. 32 of Banking Act of 1933
Branch, group and chain banking:
Report of committee, estimate of cost of bringing up to date, in
accordance with recommendation of Governors' Con11/ 1
ference, action deferred indefinitely
101
Board
of
Letter to Governor Calkins on action
Brown, Herbert D.: (See Bureau of Efficiency, Puerto Rico)
Brawn, Paul P.: (See 1- “:)rth Carolina Bankers Association)
Browning, George I., notification that he may file objections to
granting of permit to Seaboard National Securities Corporation to vote stock of Seaboard Na11/ 6
tional Bank of Los Angeles
on
Board
cannot
act
that
Reply to FRAgent to inform Yr. Marble
application immediately, as it has granted Mr.
11/ 7
Browning right to file objections
only
on
Protest received, copy may be given to corporation
101
consent of, hearing to be arranged
of
Bucklin, Walter S.: (See National banks, National Shawmut Bank
Boston)
Budgets:
101
FRBoard, approved for 1934
Building and loan associations, occupancy of quarters of member bank,
question raised in connection with Farmers and
Merchants Bank and Trust Co., motion that established policy be adhered to, approved
108
Puerto Rico, survey made by Mr. Brown, Mr. Hamlin given permission to transmit to FRBank of New York in connection with membership of banks in
and
Printing:
Engraving
Bureau of
FRnotes
in
circulation: (See FRnotes)
Incomplete
Business and credit conditions: (See FRBulletin)

4/28

148
24

409

1
116

64
100

502

200

tt cif

California:
Branches, out-of-town, of national banks, opinion of Attorney General on right to establish in
11/ 6
Campbell, Wick, Houck, Thomas and Nixon: (See Carnegie Thrift &
Loan Corporation)
Capital notes: (See Debentures)
Carnegie Thrift and Loan Corporation, reply to Campbell, Vick, Houck,
Thomas and Nixon that judgment notes do not seem
to fall under Clayton Act so as to make directors
ineligible as directors of national banks
4/ 6

9
Pages
Charge offs:
Citizens State Bank, Osage City, Kansas, charge to current expenses of new equipment to be considered compliance with membership condition
12/18
FRBanks, memo of Committee on Salaries and Expenditures recommending authorization for certain eliminations
and setting up certain reserves
12/22
(See also FRBank of
First Security Bank of Idaho, Boise, proposed merger of 16 Idaho
banks into, and recapitalization plans involving
eliminations
11/15
State member banks, reply to Mr. Walsh that those charging off
payment into temporary F.D.I.C. Fund should show
separately in earnings and dividends report
12/26
Christianson, Congressman Theodore, reply on statements in "Whose
Gold? Whose Profit?"
12/11
Circulars:
FRBank of Boston, draft on applicability of Sec. 8A of Clayton
Act to directors, officers and employees of Massachusetts cooperative banks also serving national
banks, redrafted by Board
11/11
FRBank of New York, Government securities depreciation, formula
of Dr. Burgess to provide for, sent to Governors
of all FRBanks, should be applied to those in
System account and those held separately
12/21
Circulars, FRBoard:
Banks borrowing 80,' or more of the time, advice to FRBanks that
reports on Form 13-14 may be suspended until further notice
12/26
Bonds of officers and employees of banks, applicants for membership and members of FRSystem, advice to FRAgents
to adequacy
11/20
Branch, group and
d chain banking report, advice to Governor Calkins and all other governors that action on bringup to date has been deferred indefinitely
11,/11
Branches, out-of-town,
-town, of national banks in California, South
Carolina and Tennessee, opinion of Attorney General on right to establish, advice to FRAgents
11/ 6
Clayton Act: (See infra Interlocking directorates)
Compensation of directors and executive officers, telegram to
FRBank of Atlanta on reporting under S.R. 75
and similar telegram to other FRBanks
108
Condition reports of State member banks:
Forms for next call and instructions for reporting payments
to F.D. I. C. and capital notes or debentures,
letter to FRAgents
12/26
Schedule Q, size of deposit balances for use of F.D.I.C.,
extension of time for filing data
101
Debentures and capital notes, advice to Ft?Agents of Board's reconsideration of inclusion in capital and that they
may be considered as capital in qualifying for
membership in FRSystem
11/11
Distribution of, advice to FRAgents that X: letters are not to be
released to persons outside of FRBanks
12/18
Examinations of State member banks for qualification for stock
of F.D.I.C., advice to FRAgents of necessity
before July 1, and request for plans
12/ 8

411

559

129

574
367

103

497

574

172

116

204

575
103

84
435

323

Pages

Circulars, FRBoard: (Continued)
Examiners, trust, letter to Mr. Walsh and copies to all FRAgents
100
on qualifications and scope of duties
F.D.I.C. stock, FRBanks directed to make no charge to surplus
for subscription to, until requested to subscribe
4/27
and method of showing on condition statements
FRBank stock, code word covering payment on subscription by organizing national banks, FRAgents to show shares and
102
date application was forwarded to Board
FRnotes, request FaAgents for names of any persons other than
assistant FRAgents at head offices or branches
12/12
authorized to issue, and amount of bond
Federal reserve transfer and exchange drafts, advice to governors
of agreement with Governors' Conference that form12/20
er should be abolished and latter continued
Fiscal agency and depositary functions for Treasury Department,
Board requests governors to furnish complete in108
formation on expenses of
(See also FRBanks)
Interest on demand deposits of public funds, advice to FRAgents
11/20
on payment by banks applying for membership
Interlocking directorates:
Clayton Act, advice to FRAgents of answers to number of in11/ 6
quiries concerning
Clayton Act, Sec. 8A:
Administration, advice to Mr. hewell that letter of ilov.
10 did not alter letter of Sept. 11
11/28
Directors of FRBanks, circular to FRAgents on action
being taken by Board in recommending amendment
to Congress to apply to certain cases which now
103
fall within provisions of
12/19
Letter presented and approved
Directors of FRBanks and branches, applications for service under, statement on form 94a unnecessary,
information to be furnished
11/28
Advice to :.;r. Hoxton on, in reply to inquiry
11/28
Permits under Clayton Act and Sec. 32 of Banking Act of
1933, advice to all FRAgents that Board will
take no action toward termination of relationships until applications are considered
109
Regulation L, revised forms 94d and 94e sent to FRAgents to
be printed
100
Review of permits, advice requested from FRAgents of action
taken on Board's request that all outstanding
permits be reviewed
4/21
Pension plan, advice to all governors on vote of Governors' Conference in connection with retaining employees
and officers on roster to preserve eligibility
under any plan adopted
12/22
Postal savings funds, interest on deposits of, ruling of Board
transmitted to all FRAgents
100
Regulation L, revised forms 94d and 94e sent to FRAgents to be
printed
11/20
Relations with dealers in securities:
Applications for permits under Sec. 32 of Banking Act of
1933, advice to FRAgents on answering questions
1-4 on form 99c in connection with
11/28

167

599

387

383

482

623

173

244

395
472

242
244

644
189

498

534
183-6
189

242

11
Pages
Circulars, FRBoard: (Continued)
Relations with dealers in securities: (Continued)
Applications for permits: (Continued)
Termination of relationships, advice to FRAgents that no
12/29
action will be taken until consideration of
Reserves of FRBanks to cover losses on bills and securities, instructions to FRBanks on method of showing in
earnings and expenses and profit and loss statements
12/28
Savings deposits, ruling on interpretation of "portion" in connection with payment of specified amount without
11/ 7
notice of withdrawal, advice to FRAgents
Time certificates of deposit, letter to FRAgents that forms
should show that rate of interest may be modified
11/11
pursuant to changes made by Board
Voting permits, procedure to be followed in issuance of limited
permits to allow voting of stock at annual meet12/21
ings, advice to FRAgents
X letters of FRBoard, advice to FRAgents that they are not for
12/18
distribution to persons outside of FRBanks
Year-end articles, advice to FRAgents that Board's position
against furnishing to publications is unchanged 12/18
Civil Works Administration, pay checks of employees, reply. to Governor Calkins that FRBank of San Francisco should
11/28
cash
Clearing and collection:
Charges for collection of checks and other items, reply to
Hedrick, Raleigh County Bank, Beckley, W. Va.,
12/11
on
Civil Works Administration pay checks, reply to Governor Calkins
11/28
on manner of handling by FRBanks
Service charges made by Macon Clearing house banks on clearing
out-of-town checks, reply to Jones, Johnson,
Russell and Sparks in connection with indirect
12/ 8
payment of interest on demand deposits
Service charges, reply to Lr. Hamilton that Board has considered,
on items handled by reserve city banks for
country correspondents and feels decision should
12/29
be deferred
Cleveland Clearing House Association:
Tax absorption, reply to 1:r. Creech that it is not indirect paynent of interest on demand deposits by Ohio
banks, question was considered in connection
with hentucky banks and ruling in latter case
12/ 6
has been reversed
Cllflchfjld Railroad Co.: (See Deposits, Daily balances)
code words:
FRBank stock, covering payments on subscriptions to, by organiz12/12
ing national banks, advice to FRAgents
L., present at hearing on reorganization plan of Guarantee
12/12
Trust Co., Atlantic City, N. J.
C. A.: (See National banks, First Eational Bank of West
Bend, Wis.)
Charles ff., reply that Board does not favor certificates of
deposit maturing in six or twelve months on
which depositor may secure payment without interest by giving 30 days' notice
12/ 8

644

621

62-3

108

492
435
435

232

366
232

334-6

675

311

387
374

333

Pages

Committees:
Branch, group and chain banking report, Mr. Goldenweiser's memo
on cost of bringing up to date, action deferred 11/ 1
Calkins that action has been deferred for
Governor
to
Letter
101
present, letters to other governors
Federal Open Market:
Executive Committee, minutes of meeting of Oct. 25, noted
that authority has been requested to convert
13111
Fourth 4i% bonds, replies requested
bank
to
commit
resolution
not
to
FRBank of Boston, advice of
participation in open market program, willing to
11/11
have offered to it portions of purchases
Minutes, draft of those of meeting of Oct. 10 submitted, addition of action of Executive Cc:inmate° in purchasing „;35,000,000 of Government securities sug11/11
gested and memo of open market policy
Open market policy, suggestion that memo of, be included in
11/11
minutes of Oct. 10 meeting
FRBank of New York:
Membership in FRSystem of Puerto Rican banks, Mr. Young and
Governor Harrison appointed committee to take up 11/28
(See also :Membership in FRSystem, Banks outside of U. S.)
FRBank of Philadelphia:
Additions to staff of FRBank, recommended in report of com12/ 8
mittee of Messrs. 'Jayne, Stout and eily
Statement of Governor Norris and report referred to Com12/ 8
mittee on Salaries and Expenditures
Letter to FRBank urging appointment of permanent counsel
103
and employment of man with wide experience
(See also FRBank of Philadelphia, Staff, Additions)
FRBoard:
District No. 2:
Directors of FRBank of New York, no formal report because
of reluctance of Mr. Woolley for reappointment as
Class C, feeling that Mr. Case should not be con11/ 1
tinued after expiration of term in 1934
District ho. 3:
Austin, R. L., recommendation of redesignation as FRAgent
at Philadelphia for 1934 and feeling that he
should not be continued after expiration of term
11/ 1
in 1935
FRBank of Philadelphia, necessity of strengthening staff,
directors' recommendationsreferred to, with understanding that Committee will visit FRBank in
109
connection with
(See also FRBank of Philadelphia, Staff, Additions)
District No. 7:
Dunn, Charles B., appointment and salary as General Counsel at FRBank of Chicago referred to
109
FRAgent at Chicago, recommendation that appointment be
deferred pending appointment of new governor,
approved
11/ 1
District No. 10:
Class C directors at Kansas City, report of Mr. Thomas on
visit to Kansas City and that recommendations for
appointments are deferred pending determination
of policy as to residence in that city
11/ 1

1
116

115

114
115

200

315
317-8
395

453

449-50

13
Pages
Committees: (Continued)
FRBoard: (Continued)
District No. 10: (Continued)
Class C directors at Kansas City: (Continued)
Motion of Er. O'Connor that no discrimination be
made, carried, Mr. Thomas requests deferring
11/ 1
recommendations until Mr. Wbodin is present
Report of Mr. Thomas recommending Mr. Doolin, minority report of 1::r. James recommending Er. Bond,
with feeling that directorship should go to Colo11/ 7
rado, election of 1dr. Doolin
Messrs. James and ThoL.as authorized to transmit re11/ 7
ports to FRAgent
District No. 12:
Leave of absence of Mr. Lawton and appointment of Er.Day
12/ 6
as acting assistant FRAgent referred to
Leave and appointment approved, latter subject to resignation of Mr. Day as Deputy Governor, Mr. Newton not to be advised until Governor Calkins re12/ 8
plies to telegram concerning
Governor Calkins opposed to resignation, advice to
Er. Newton and Board will consider another recom102
mendation
Voorhis, C. B., reappointment as director at Los Angeles
branch, request of Mr. O'Connor that action be
11/ 1
deferred
Statement of Ur. O'Connor that he is acceptable and
11/ 7
that he concurs in Committee recommendation
Salaries and Expenditures:
Charge offs and reserves of FRDanks, recomunendations
12/22
approved
Earnings and expense reports and profit and loss statements of FRBanks, recommendation of change in instructions, Board will authorize charge to sur12/22
plus only to cover definite losses
FRBank of Philadelphia, recommendation of committee of,
12/ 8
for augmentation of its staff referred to
Letter to FRBank on appointment of permanent counsel
103
and employment of man with wide experience
Salaries of Messrs. Horbett and Myrick, memo of Ur.
James recommending further adjustments in,
12/28
approved
Compton, George, Banking and Insurance Department of 16111 Jersey,
present at hearing on reorganization plans of
12/12
Equitable Trust Co. and Guarantee Trust Co.
Cot
ptroller of the Currency:
Await, F. G., Deputy Comptroller:
Present at Board meeting to discuss common stock reduction
12/27
of Chase National Bank, New York, N. Y.
Branch banks, out-of-town, of national banks, position that capital of head office is to be considered as unit
in establishment of, attention called to, by
101
American Trust Co.
advised
be
Division,
to
that
Redemption
Federal Reserve Issue and
Board will no longer pay salaries of Misses Oliphant, White and Smoot and that Misses Meade and
12/21
Stanuwsky should be returned

56-9
59

300

320

382

9
59

559-61

560
318
395

613

374

582

507

Pages

Comptroller of the Currency: (Continued)
Ranney, George A., explanation of Lir. O'Connor of negative vote
on letter indicating approval of appointment as
chairman of Continental Illinois National Bank
and Trust Co.
12/ 6
Reorganization and recapitalization of banks, copy of letter to
Mr. Jones sent to, to develop further cooperation, steps to have Comptroller and Board informed of recommendations of R.F.C. and request that
member of staff be designated to confer with Ia..
Paulger
11/15
State bank assuming deposit liabilities of national bank, reply
to Mr. McClure on policy of
109
Condition reports:
Affiliates, reply of Board to questions of Assistant FRAgent at
Cleveland on form 220
101
Affiliates of national banks:
Joint stock land banks, mortgage banks and similar institutions, reply to Er. Newton on reporting on in
Comptroller's form 2l30-e-1
11/11
Affiliates of State member banks:
Form 220-a, reply to Mr. Newton on reporting on affiliated
joint stock land banks, mortgage banks and similar institutions
101
Incomplete reports, advice from Mr. McClure and reply
that forms are to be revised
11/ 6
Camden Safe Deposit and Trust Co., Camden, N. J., time extended
for reporting deposits on schedule Q
13129
Central Hanover Bank and Trust Co., New York, N. Y., extension
of time for filing report of affiliate domiciled
abroad
105
Extension of time for reporting deposits on schedule Q
108
Commonwealth Trust Co., Pittsburgh, Pa., time extended for reporting deposits on schedule Q
13/29
FRBanks, directions for showing subscription to F.D.I.C. stock
12/27
Guaranty Trust Co., New York, N. Y., extension of time for filing reports of affiliates domiciled abroad
11/11
Dinufacturers Trust Co., New York, N. Y., question of publishing
reports of certain affiliates, brief of bank's
counsel on Huron Holding Corporation and Harvey
Brokerage Co.,Inc.
13128
Time extended for publishing
13/28
Metals Bank and Trust Co., Butte, Mont., affiliates of, request
of First Bank Stock Corporation that bank be
granted extension of time for filing, FRAgent
to determine necessity
101
Pennsylvania Company for Insurances on Lives and Granting Annuities, Philadelphia, Pa., time extended for reporting deposits on schedule Q
13/29
State member banks:
Assessment for temporary F.D.I.C. fund, to be included in
"other assets" on the face of the report and
under proper designation inside
11/29
Reply to Mr. Yalsh on carrying payment if considered
asset and if charged off
12/26

296

133
458

101

102

102
43
267

132
242
267
599
100

232-4
236

101

267

267
574

15
Pages
Condition reports: (Continued)
State member banks: (Continued)
Forms for next call, letter to FRAgents on and instructions
for reporting payments to F.D.I.C., capital notes
or debentures and request for list of State banks
and total deposits
12/26
Schedule Q, size of deposit balances for use of F.D.I.C.,
extension of time for filing
101
jinchester Trust Co., .4inchester, Mass., FRBank of Boston authorized to extend time for filing reports of affiliates and holding company affiliates
11/15
Zion's Savings Bank and Trust Co., affiliate of Utah Trust and
Savings Co., information published on form 221
same as required by 220, resubmission and republication unnecessary
105
Conferences:
Debentures and capital notes, issued by State banks to R.F.C.,
meeting with Governor Black of directors of
F.D.I.C., Mr. Jones and Mr. Bruere on reconsideration of inclusion in capital as requirement for membership
11,/ 6
(See also Debentures)
Dollar devaluation, report of Governor Black on, with President,
Attorney General, Mr. Ziorgenthau and Mr. Oliphant
on securing profit to Government, granted time
105
to present objections
Report of Governor Black on, with additional attendance of
Profs. Warren and Rogers and Governor Harrison
12/20
(see also Dollar devaluation)
Governors:
Branch, group and chain banking report, memo of Dr. Goldenweiser estimating cost of bringing up to date,
action deferred indefinitely
11/ 1
Letter to Governor Calkins on action, and advice to
11/11
all other governors
Federal Reserve transfer and exchange drafts, Board in agreement with Conference that latter should be continued and former abolished, effective date set,
advice to all governors
12120
Gold of FaSystem, suggestion of President that conference be
called in connection with desire to take title
to, for Government profit in event of dollar
devaluation
12/20
Governor Black to inform 1.:r. Cummings that conference is
being called
12/20
Meeting of, Governor Black informing of events in proposed seizure of, memo outlining plan of Mr. Cummings and objections
Table of gold and gold certificates showing title and
allocation
124/22
Statement of Board's position to be prepared and Governors to prepare statement of views, reference to
opinion of Mr. Baker and supplemental memo of
Mr. Wyatt
1g/22
Statement of views presented by Governor Harrison, contained in Secretary's note
124/22
(See also Dollar devaluation)

575
103

132

133

402
485-6

1
116

482

486
487

511-18
518-20

520-1
521

Pages

Conferences: (Continued)
Governors: (Continued)
Pension plan, letter to governors that Conference voted
FRBanks may, with approval of Board continue officer or employee on roster to preserve eligibil12/22 534
ity under any plan adopted
Congressional Service of Corporation Trust Co., subscription to, re12,/ 4 290
newal recommended by Mr. 74yatt, approved
Connecticut:
State and mutual savings banks, opinion of Deputy Attorney General that former can enter FRSystem only under
agreement to withdraw prior to July 1, 1934, and
latter not at all, Mr. Wyatt to prepare reply to
56
11/ 7
Bank Commissioner Perry
applications
subReply that Board cannot approve membership
11/11
82
ject to withdrawal agreement
banks
of
inform
problems
brought
advised
that
he
may
FRAgent
up by opinion, but should first discuss with
11/28 211
Bank Commissioner
Consolidations:
Anderson Brothers Bank, Idaho Falls, Idaho, voting permit granted
First Security Corporation for merger with two
member and 13 nonmember banks, and establishment
of 15 branches
11/15 128
Merger to be under charter of, title to be First Security
Bank of Idaho with main office in Boise and to
include 13 nonmember banks
11/15 129
(See also infra First Security Bank of Idaho)
Citizens National Bank of Evansville, Ind., application for fiduciary powers approved when merger with Citizens Trust and Savins Bank is completed
12,/11 353
First National Bank of Ogden, Utah, to assume assets and liabilities of six banks and operate five branches
101 357
(See also National banks)
First Security Bank of Boise, Idaho, voting permit granted First
Security Corporation for merger with two member
and 13 nonmember banks and establishment of 15
branches
11715 128
(See also infra First Security Bank of Idaho)
First Security Bank of Idaho, Boise, Idaho, voting permit granted
First Security Corporation in proposed merger of
three member and 13 nonmember banks to form, with
15 branches, recapitalization involved
11/15 128-9
Letter to Comptroller of the Currency on
11/15 129-3 Board offers no objection
11/29 262
First Security Bank of Pocatello, Idaho, voting permit granted
First Security Corporation for merger with two
member and 13 nonmember banks and establishment
of 15 branches
11/15 128
(See also supra First Security Bank of Idaho)
Hillsdale State Savings Beni:, Hillsdale, lach., formed by merger
of Hillsdale Savings Bank and First State Savings
Bank, no Objection, request status of membership
of new bank
11/28 216
Lawndale National Bank of Chicago, Ill., to consolidate with
Lawndale State Bank in plan involvinE, capital
changes
12/26 569

17
Pages
Consolidations: (Continued)
Montclair Trust Co., Montclair, N. J.:
Essex Title Guaranty and Trust Co., report of examination reveals that absorption resulted in no change in
functions or character of assets
11/28
Peoples National Bank, assumption of liabilities and purchase
of assets of, no objection
12/18
Northwestern National Bank, Minneapolis, Mirn., limited voting
permit granted Northwest Bancorporation for merger with Minnesota Loan and Trust Co.
12/27
Peoples Bank and Trust Co., Seattle, Wash.:
First National Bank of Renton, letter to Comptroller on operation as branch after absorption, question of cap109
italization and proposed conditions
Peoples First Avenue Bank and Peoples North Seattle Bank,
no objection to absorption
11/28
Security National Bank of Arkansas City, Kansas, absorption of
11/11
Union StaCe Bank of Arkansas City
107
Consolidation abandoned
Spokane and Eastern Trust Co., Spokane, ;lash., limited voting
permit granted Northwest Bancorporation to effect
absorption of Security National Bank of Cheney,
107
'Nash., and operation as branch
(See also State member banks)
State bank assuming deposit liabilities of national bank, reply
109
to Mr. McClure on policy of Comptroller
State Bank & Trust Co., Beeville, Texas, Manic counsel should be
satisfied as to membership application that agree101
ments will have no adverse effect
West Branch Bank and Trust Co., Williamsport, Pa., application
for membership of West Branch Trust Co. approved
when merged with Lycoming Trust Co. under above
102
title
Wheeling Bank and Trust Co., 'iiheeling, 71. Va., proposed merger
with Dollar Savings and Trust Co., no objection 11/28
ia". Williams desirous of modification of condition relative
11/29
to disposal of stocks, referred to counsel
Men10 of Mr. Wingfield, Board takes position that acquisition
through merger is notlourchasen, FRAgent to be
advised of reconsideration and stocks to be dis12/ 4
posed of as soon as feasible
12,/ 6
Telegram advising of reconsideration, approved
Conversions:
Banco di Napoli Trust Co., Chicago, Ill., reply to FRBank of
Chicago that conversion into national bank is
12,/ 8
for consideration of Comptroller
Bankers CoLliercial Trust Co., Little Rock, Ark., Board will not
require issuance of certificates evidencing ownership of stock prior to nationalization, if
12/21
consummated within 60 days
City National Bank and Trust Co., Kansas City, Mo., authorized
to exercise trust powers on conversion from
12/18
City Bank and Trust Co.
First Trust and Savings Bank of Sycamore, Ill., application for
fiduciary powers approved on conversion into
12/11
National Bank & Trust Co.

214
438

594

635-7
217
93
586

595

458

347

536
215
258-9

271-2
303

323

491

414

351

Pages

Conversions: (Continued)
Mansfield Savings Bank and Trust Co., Mansfield, Ohio, fiduciary
power application approved effective upon conversion into Mansfield Savings Trust National Bank 12/29
Rockville National Bank, Rockville, Conn., to be liquidated and
12/8
to resume as State bank
Corporation Trust Co., Congressional Service of, renewal of sub12/4
scription approved
Counsel, General, Memoranda of:
Capital stock reductions of national banks, question of approving
when remaining capital will still be impaired,
12/18
Board not to refuse for this reason alone
Congressional Service of Corporation Trust Co., renewal of sub12/ 4
scription to, approved
Wingfield
of
Mr.
banks,
MB=
member
Corporate stocks, purchase by
on, Board takes position that acquisition through
12/ 4
merger is not "purchase"
Debentures and capital notes, memo of Mr. Vest on legality of including with capital those issued to H.F.C., in
11/ 6
connection with eligibility for membership
opinion
on
Settlements,
International
Bank
for
Directorship in
11/ 7
acceptance by Governor Harrison
FRBulletin:
Rulings to be published in, and proper procedure for requesting interpretations of law, recommendation of,
approved
12/ 6
Clayton
Act
to
directors
Rulings on application of Sec. 8A of
of FRBarks and branches, removal of branch from
one town to another, and interest on time depos11/ 6
its after maturity, to be published in
Statements on rulings interpreting Banking Act of 1933 and
correspondence with Banking Code Committee of
American Bankers Association, memo of Mr. Vest
12/27
recommending publication, approved
Gimbel Brothers, Inc., Philadelphia, Pa., agreement filed with
proviso reserving right to establish that it is
not holding company affiliate or that Banking
Act of 1933 is unconstitutional, memo of Mr. Du12/ 4
Bois recommending acceptance, approved
Gold of FRSystem:
12/22
Supplemental memo on, reference to
Letter of Mr. Wyatt on opinion of Mr. Baker that if called
on to surrender gold, FRBanks should do so under
formal protest
12/22
Opinion considered by Board
124/22
Memo of, and of Mr. Baker on conference with Attorney
General
12,(27
Montclair Trust Co., Montclair, 1!. J., question raised by Mr. DuBois on granting voting permit where there has
been no opportunity for investigation, limited
permits to be granted
108
Voting permit applications, question raised by Mr. DuBois as to
course of action in cases where Board's ttaff
will not have completed investigation before
annual meetings, limited permits to be granted
12/18

674
331
290

439
290

271-2

15
60

309

599

287
521

523
532
602

437

436-7

19
Pages
Court cases:
FRBank of New York v. State Bank of Binghamton, L. Y., fee to
Jenkins, Deyo and Hitchcock for services in,
12/29
payment approved
Crafts, Clyde: (See National banks, First National Bank, Saltville,
Va.)
Creal, Charles LZ.: (See National banks, Arst National Bank, Buffalo,
Ky.)
Creech, Harris: (See Cleveland Clearing House Association)
Crenshaw, R. 17.: (See Violations, Banking Act of 1933)
Crysler, Clarence
(See Interlocking directors, Miscellaneous,
Walrath)
Custody:
Bonds, security for postal savings funds: (See Postal savings
funds)

648

ttpt1

Dallas, City of, public funds, reply to Mr. McKinney that law does
not require payment of interest on demand de12/11
posits of
Dana, Ripley L., present at hearing on desire of Old Colony Trust
Associates to eliminate requirement from voting
permit application that it not pay dividends
12/13
while capital is impaired
Davis, N. A.:
(See National banks, Baker-Boyer National Bank)
Davis, Polk, Wardwell, Gardiner and Reed:
Fee for legal services rendered FRBank of New York during
12/29
approved
banking
Deb entures and
capital
Bank of Eastman, Ga., sale to R.F.C. in recapitalization plan
11/29
Membership in FRSystem, question again brought up of inclusion
in capital of those issued to R.F.C. in connec11/ 6
tion with, memo of F.D.I.C. and of Mr. Vest
'Motion of Mr. miller that debentures be included in capital
and Congress asked to clarify matter by legislation, carried and Governor Black to inform Mr.
11/ 6
Bruere
101
Advice to FRAgents of reconsideration
Advice to Mr. Hoxton that debentures must be included in capital by banks applying for membership in deter11/28
mining amount of FRBank stock subscription
Advice to /Jr. Walsh that form of R.F.C. P.S. 2 complies with
condition 15, provision for increase in capital
if debentures are retired, only those purchased
108
by R.F.C. may be included in capital
Savannah Bank and Trust Company of Savannah, Ga., sale of capital
108
notes to R.F.C. in stock reduction plan
Spokane and Eastern Trust Co., Spokane, Wash., sale to R.F.C.
in recapitalization plan involving common stock
12/27
reduction
State member banks, instructions for showing on next condition
12/26
report
Trade Bank of Lew York, N. Y., sale of capital notes to R.F.C.
12/29
in plan involving common stock reduction

364

390

628
265

15-7

18
84

212

212
224

596-7
575
669

Pages

Department of Justice:
Attorney General:
Branches, out-of-town, of national banks, opinion on right to
establish in California, South Carolina and
Tennessee
13/ 6
Dollar devaluation, plan presented by Mr. Cummings to secure
to Government profit on gold, Governor Black
granted time to present objections
105
(See also Dollar devaluation)
Erie County Banking Co., Erie, Ohio, violation of Executive Order
in connection with license to reopen, reported to
Attorney General
12/22
Irregularities at FRBank of Chicago: (See FRBank of Chicago)
Vermilion Banking Co.: (See supra Erie County Banking Co.)
Deposits:
Argentina, reply to Secretary of State on payment of interest on,
under two types of contracts with New York banks
in force on June 16, 1933
11/11
Baker-Boyer National Bank, Walla Walla, Wash., reply on payment
of time certificates before maturity and on certificate issued to Whitman College
12/26
Camden Safe Deposit and Trust Co., Camden, h. J., time extended
for reporting, on schedule Q
11/29
Central Hanover Bank and Trust Co., New York, N. Y., extension
of time for reporting on schedule Q
11/28
Certificate maturing in six or twelve months on which depositor
may secure payment without interest by giving 30
days' notice, reply to Mr. Collins that Board
does not favor
12/8
Charges in Bankers Code, reply to Mr. Ransom of American Bankers
Association on scale of, in connection with indirect payment of interest on demand deposits
109
Charlotte National Bank,Charlotte, N. C., reply on payment of 45
interest on time certificate issued prior to June
16, bank should terminate if it can legally
13/15
Commonwealth Trust Co., Pittsburgh, Pa., time extended for reporting on schedule Q
109
Continental Bank and Trust Co., New York, N. Y., reply to Mr.
Dillistin in response to inquiry as to reporting
under schedule Q
13/15
Continental Illinois National Bank and Trust Co., Chicago, Ill.,
loss of deposits reported by Governor Black, latter to confer with Board members as soon as definite information is received from Mr. Leavell
12/ 6
Secretary's note on telephone conversation of Mr. Szymczak
with Mr. Leavell on Dec. 7, giving further report
on loss
12/ 6
Corporation permitting employees to leave funds with, and paying
interest, reply to Governor Geery that FRBoard
cannot rule on applicability of Sec. 21 of Banking Act of 1933
108
Daily balances of Clinchfield Railroad Co., Erwin, Tenn., reply
to Mr. Sanders on payment of interest on
108
Dallas, City of, reply to Mr. McKinney that law does not seem to
require payment of interest on demand deposits
101

402

541

106

576
267
242

333

268

144
267

143

294

296

431
239
364

21
Pages
Deposits: (Continued)
"Due to banks", reply to Governor Geery on query of ;Ir. Dunlop as
to whether deposits of receivers or conservators
of national banks are demand deposits
11/20
Fidelity-Philadelphia Trust Co., interpretation of Regulation Q
for Mr. Gest as to withdrawal notice in savings
11/28
pass book and loans on savings accounts
First hational Bank, Saltville, Va., reply to Mr. Crafts on certificate providing that it may be renewed any
time after six months and that interest will
cease after twelve
12/22
First National Bank of Wenatchee, Wash., reply to Mr. Merchant
on conformity of bank's rules with Regulation Q,
11/15
with respect to savings deposits
First Security Bank of Boise, Idaho, rate of interest on time
certificates of deposit exceedsmaximum, to be
11/15
advised of Board's views
Funeral expenses, reply to Mr. Alter, First National Bank, Grand
Island, Nebr., on payment of time certificate
11/28
covering
Gap National Bank and Trust Co., Gap, Pa., reply to Mr. Smith on
payment of certificates of deposit of indefinite
maturity on which bank reserves right to require
12/21
30 days' notice of withdrawal
Insurance of trust deposits in commercial department, reply to
Union Bank, Little Rock, Ark., on return to commercial department bonds pledged as security for 12/28
Interest on, answer to Mr. Clerk on limit and advisability of
stamping on certificates that rate is subject
12/ 4
to change
Interest payment on demand, public funds, by banks appying for
11/20
membership in FRSystem, advice to FRAgents
Merchants National Bank of Bangor, Me., reply to 1,:r. Stewart on
payment of interest on demand deposits of building and loan associations
National Bank of Wilson, N. C., reply to Mr. Shackelford that
payment of time certificates may not be antici11/28
pated
North Berwick National Bank, North Berwick, Me., subordinated deposit to be used to pay for issue of preferred
102
stock at premium and to be retired at par
Oregon State funds, reply to FRBank of San Francisco that pay12/ 8
ment of interest on, appears legal
°Sage
Farmers National Bank, Osage, Iowa, reply relative to time
deposits "payable six or twelve months after
date", payment of interest in excess of maximum
101
and interpretations of Regulation Q
Otoe County National Bank, Lebraska City, 14ebr., reply to Mr.
Stocker that certificates of deposit covering
unclaimed legacies of lost and missing heirs
11/15
cannot be paid to Judge before maturity
Pennsylvania Company for Insurances on Lives and Granting Annuities, Philadelphia, Pa., time extended for re11/29
porting on schedule Q
Philadelphia Clearing House, ruling on payment of unmatured
time deposits, interpretation of Regulation Q
for Mr. Gest with respect to
11/28

188

237-9

556

141

139

240

494-5

622

287
173

556

241

541
338

110

142

267

238

Pages

Deposits: (Continued)
Pierre National Bank, Pierre, S. Dak., certificate payable in six
or twelve months, but on which payment may be
made on 30 days' written notice without interest,
not favored but lawful
12/ 8
Postal savings funds:
Custodianship of bonds pledged as security for, reply to
Treasurer of U. S. that FRBanks are willing to
undertake for member banks but reserve right to
11/28
require reimbursement for expenses
Interest on, ruling of Board transmitted to FRAgents and
letter to Mr. Eilenberger
11/20
Safety of, in comparison with banks and building and loan
associations, reply to Mr. Whetstone that Board
11/28
cannot express opinion on radio statements on
Premium payment on bonds: (See Premium payment on bonds)
Renewal of time, reply to Mr. ';lorthington if country bank may, on
deposit with member bank, furnish automatically
letter renewing each 30 days and at same time
serve notice of intention to withdraw in 30 days 12/11
St. Louis, funds of, reply to Kr. Wood that Board agrees with
FRBank Counsel as to requirements of law on payment of interest on
102
Savings:
Emergency withdrawals permitted by Philadelphia banks without notice, reply to Er. Norris
101
First National Bank, Hugo, Calif., reply to Mr. Quinn on payment of interest in excess of maximum until Dec.
31, 1933
109
Interest computation, reply to request of New York State
National Bank, Albany, for uniform method of
12/19
Minnesota Bankers Association, reply that rules quoted from
pass book of national bank do not comply with
Regulation Q
11/11
"Portion", reply to suggestion of DuBois Clearing House Association, DuBois, Pa., that interpretation of
Regulation Q be liberalized to permit payment
of maximum of ,100 without notice
11/11
Reserve purposes, reply to 1:!r. Worthington on classification
of portion on which notice of intention to withdraw has been waived
12/11
Union Trust Co., Pittsburgh, Pa., reply to Mr. Williams on
notice of intention to withdraw deposits with
provision that a certain period after maturity
deposit again becomes savings deposit
12/11
Second National Bank of I,Jashua, N. H., question of rate of interest on deferred deposits
12/ 4
Sinking funds established under trust agreement, reply to First
National Bank of West Bend, Wis., on payment of
interest on
108
State banks, FRAgents requested to furnish list of all with
total deposit liabilities
106
Texas, reply to 11r. Tynan on apparent conflict between Sta'6e and
Federal law, as Banking Act of 1933 does not permit consideration of funds deposited pending litigation as public funds
108

336

249
183-6

248

364

388

361

469-11
468

112

109

363

362
286

430
575

429

23
Pages
Deposits: (Continued)
Thirty-day certificates, payment of 3; interest not violation of
Regulation Q. even though reissued at or after
maturity, no interest may be paid between maturity and date of renewal, advice to Mr. Hale
17115 140
Time certificates:
First National Bank, Saltville, Va., reply on provision that
it shall be payable either at expiration of certain period or on not less than 30 days' notice 11/11 109
Form payable on 30 days' written notice and with reservation
of right to call on 30 days' written notice, reply to Mr. Hoxton that it is time certificate
11/15 144
Forms approved by Board, to be published in FRBulletin with
introductory statement
38
11/ 6
Letter to FRAgents that certificates should state that
rate is subject to change
11/11 108
Time deposits which have been deferred beyond period cortemplated
reply to Mr. Cummings as to whether Sec. 19 of
FRAct is applicable to
11/6
38
Peoples Trust Co., Martinsburg, a. Va., reply to Mr. Hoxton
inclosing copy of letter to 1. Cummings relative
to same situation
40
11/6
;Waiver, contingent liability, reply to
Stevens that in case
of Commercial Savings Bank, Carroll, Iowa, it
12/11 347
does not constitute impairment of capital
:
- 11sconsin, reply
to FRBank of Chicago on apparent conflict between statutes of, and Regulation Q as to payment
of interest on funds paid into State courts
pending outcome of litigation
12/18 428
Devaluation
of dollar: (See Dollar)
Directors
:
Bank for International Settlements:
Harrison, G. L., considering sending representative to meetings, Board should take action on acceptance of
directorship, 14r. Miller's motion that he decline,
19
action deferred
1],/ 6
Opinion of Mr. Wyatt on service, to be advised to decline in letter to be prepared by Governor
60
Black and Mr. Miller
11/ 7
Letter presented and approved
11/28 250
FRBank:
Atlanta:
3
Allen, J. P., reappointed Class C for three year term
11/ 1
Clay, Ryburn G., elected Class A for three year term
12/ 4 276
4
Kettig, W. H., reappointed Deputy Chairman for 1934
11/ 1
McCrary, J. A., reelected Class B for three year term
12/ 4 277
Newton, Oscar, redesignated FRAgent for 1934
4
11/ 1
Boston:
Clayton Act, applicability to directors, Mr. Curtiss to
forward information
11/15 135
Curtiss, Frederic h., redesignated F.-dlgent for 1934
2
11/ 1
Frost, Edward J., reelected Class B for three year term 12/ 4 276
Hollis, Allen, reappointed as Class C for three year term
and deputy Chairman for 1934
11/ 1
2
Clayton Act not applicable to corporations he is serving, except State Fire Insurance Co., which will
make no more loans on stocks or bonds
11/15 135

Pages

Directors: (Continued)
FRBank: (Continued)
Boston: (Continued)
Kennard, Edward S., reelected Class A for three years
12/ 4
Chicago:
12,/ 4
Babb, Max W., reelected Class B for three year term
Class C and FRAgent, recommendation of Committee on District No. 7 that action be deferred pending appointment of new governor, approved
11/ 1
Leavell, James R., reelected Class A for three years
12,/ 4
11/ 1
Simpson, James, reappointed deputy Chairman for 1934
Cleveland:
Burke, E. S., Jr., reappointed deputy Chairman for 1934 11/ 1
Clayton Act, Sec. 8A, opinion of Mr. Newell on construction of, in connection with service of FRBank director as director of building and loan association in Pennsylvania, reply
11/28
Conner, Ben R., reelected Class A for three year term
12/ 4
Crabbs, George D., Class B, advice from Mr. Williams of
danger of losing services through application of
Sec. 8A of Clayton Act, reply to be prepared
12/13
Reply that Board is to ask for amendment which may become effective before section is applicable
12/19
Galvin, John E., reelected Class B for three year term
12/ 4
Knight, W. i., reappointed Class C for three year term
11/ 1
Williams, L. B., redesignated FRAgent for 1934
11/ 1
Dallas:
Harding, R. E., reelected Class A for three year term
12,/ 4
12,/ 4
Milan, J. R., reelected Class B for three year term
Perkins, S. B., reappoinLed Class C for three year term
and deputy Chairman for 1934
11/ 1
Walsh, C. C., redesignated FRAgent for 1934
11/ 1
Kansas City:
Bond, 'NM. E., nominated for Class C director for unexpired term but not elected
11/ 7
Mr. James authorized to send minority report recommending appointment to FRAgent
11/ 7
Brown, Edward P., reappointed Class C for three years
11/ 7
Committee on District No. 10, report of Mr. Thomas on
visit to Kansas City and on policy as to residence of Class C directors, motion that no discrimination be made, carried, action deferred
11/ 1
Report of Mr. Thomas recommending appointment of Mr.
Doolin and minority report of ltr. James urging
appointment of Mr. Bond with feeling that directorship should be given to Colorado, Mr.
Doolin elected
11/ 7
Messrs. James and Thomas authorized to transmit reports to FRAgent
11/ 7
Doolin, J. B., name placed in nomination for unexpired
term of Mr. Langworthy as Class C and elected,
Er. Thomas authorized to send report recommending appointment to FRAgent
11/ 7
Hosford, W. D., reelected Class B for three year term
12,/ 4
McClure, M. L., redesignated FRAgent for 1934
11/ 7
Parks, C. C., reelected Class A for three year term
12,/ 4

276
277

6
276
7
3

244
276

394
471
276
3
3
276
277
5
5

58-9
59
59

8-9

56-9
59

59
277
59
276

25
Pages
Directors: (Continued)
2RBank: (Continued)
Kansas City: (Continued)
Petrikin, W. L., minority report of Yx. James as to reasons of Board for not reappointing as Class C
at time policy was adopted of selecting Class
C directors from Kansas City
11/7
Minneapolis:
Clark, Homer P., reappointed Class C for three year term
and deputy Chairman for 1934
11/ 1
Funk, Albert P., elected Class B for three year term
12/ 4
Hansen, H. C., reelected Class A for three year term
12/ 4
Peyton, John N., redesignated FRAgent for 1934
11/1
New York:
Berry, Cecil R., elected Class A for three year term
12/ 4
Case, J. h., feeling of CoLunittee on District No. 2 that
he should not be continued as Class C and FRAgent
after expiration of term in 1934, redesignated
FRAgent for 1934
11/ 1
Clayton Act, Sec. 8A, applicability of, to Eessrs. Young,
Stevens, Millss and Watson, reply to la.. Case
101
Cormittee on District No. 2, no formal report because of
reluctance of :r. Woolley for reappointment as
Class C, and feeling that Mr. Case should not be
11/ 1
continued after expiration of term in 1934
Mills, Edward K., Class A, reply to Mr. Case on applicability of Sec. 8A of Clayton Act to
12/11
Stevens, Robert T., elected Class B for three year term 12/ 4
Reply to Mr. Case on applicability of Sec. 8A of
Clayton Act
101
Watson, T. J., Class B, reply to Ur. Case on applicability of Sec. 8A of Clayton Act to, no permit
12/11
necessary
Woolley, Clarence 11., reluctance to accept reappointment
as Class C, Mr. Miller authorized to tender appointment with understanding that Board will ac11/ 1
cept resignation when tendered
Young, Owen D., reappointed deputy Chairman for 1934
11/ 1
Applicability of Sec. 8A of Clayton Act to, reply to
Mr. Case on, and possibility that it may be
101
ended before action is necessary
Philadelphia:
Austin, R. L., redesignated FRAgent for 1934 and Committee to investigate suitable successor for 1935
11/ 1
DeLaCour, J. Carl, reelected Class B for three years
12/ 4
Johnson, Alba B., reappointed Class C for three years
and deputy Chairman for 1934
11/ 1
Heily, George II" reelected Class A for three year term 12/ 4
Stout, C. Frederick C., call on Jr.l
Hamlin on proposed
appointment of Yr. Sinclair as deputy governor
12/18
(See also FRBank of Philadelphia, Staff, Additions)
Jayne, Joseph, Jr., call on Mr. Hamlin on proposed ap108
pointment of Mr. Sinclair as deputy governor
(See also FR_Bank of Philadelphia, Staff, Additions)

4
277
276
5
276

6
368

5
370
276
369

370

5
6

368

2
276
2
276
440

440

Pages

Directors: (Continued)
FRBank: (Continued)
Richmond:
Clayton Act, Sec. 8A, reply to Mr. Hoxton that directors
must apply for permit to serve banks within provisions of, but that statement on form 94a is un13728
necessary, attention called to previous advice
Delano, Frederic A., reappointed Class C for three year
11/ 1
term and deputy Chairman for 1934
Hanna, John H., elected Class B for unexpired tern of
12/ 4
Mr. Graham
11/ 1
Hoxton, William W., redesignated FRAgent for 1934
Reed, Charles C., reelected Class B for three year term 12/ 4
Rieman, Charles E., reelected Class A for threeyear term 12/ 4
St. Louis:
11/ 1
Dillard, Paul, reappointed deputy Chairman for 1934
Letter to 11r. James regarding applicability of Sec.
8A of Clayton Act, reply prepared by P1r. Wyatt,
consideration deferred
12/ 6
(See also Interlocking directorates, Clayton Act,
Amendment)
12/ 4
Harris, J. W., reelected Class B for three year term
12/ 4
Eahm, Max B., reelected Class A for three year term
Wood, John S., reappointed Class C for three year term
11/ 1
and redesignated FRAgent for 1934
San Francisco:
Class E, reply to FRBank that Lt'. Work does not appear
to be holding company affiliate of national
banks and that they may participate in nomina13128
tion and election of
LIcliaghten, Malcolm, reelected Class B for three years
12,/ 4
Moore, Walton N., reappointed Class C for three year
11/ 1
term and deputy Chairman for 1934
1],/ 1
Newton, Isaac B., redesignated FRAgent for 1934
12/ 4
Powell, Keith, reelected Class A for three year term
Welch, Andrew P., reply to Mr. Newton on service as
President of Welch & Co., under Sec. 8A of
4/28
Clayton Act
Resignation because of applicability of Sec. 8A, to
be sent letter similar to that sent FRAgents
and request to be telephoned to withhold
resignation
12/28
FRBanks:
Gold of FRSystem in connection with dollar devaluation, Governor Black wired all FRBanks to hold boards together for tomorrow to consider developments in
move to transfer title to Treasury
12/27
Telegram of Governor Black not to hold directors any
longer, quoted in Secretary's memo
109
Interlocking directorates:
Applications for service to banks within provisions of
Sec. 8A of Clayton Act, statement on form 94a
unnecessary, information to be furnished
13128
Ruling on applicability, to be published in FRBulletin
11/ 6
Work, T. A., reply to FRBank of San Francisco that he does
not appear to be holding company affiliate of
national banks, in connection with nomination
and election of
4/28

244
3
277
3
276
276
4

298

277
276

235
277
9
9
276

247

614

602
679

24238

235

27
Pages
Directors: (Continued)
FRBranch banks:
Baltimore:
James, Norman, reappointed for three year term
11/ 1
Birmingham:
Allison, E. F., reappointed for three year term
11/ 1
Buffalo:
Miner, Edward G., realopointed for three year term
11/ 1
Reply to Mr. Case on applicability of Sec. 8A of
Clayton Act to, application to be filed
12/11
Rand, George F., resignation from certain banking institutions brings services into conformity with
Clayton Act
101
Charlotte:
Beattie, F. F., appointed for unexpired term of Mr. Law
and for three year term from Jan. 1, 1934
111 1
Cincinnati:
Geier, Fred A., advice from 4:;11-. 71illiams of danger of losing services of because of applicability of Sec.
8A of Clayton Act, reply to be prepared
12/13
Reply that Board is to ask for amendment which may
become effective before section is applicable
12/19
I:alining, C. L., advice from Mr. Williams of danger of losing services because of applicability of Sec. 8A
of Clayton Act, reply to be prepared
103
Reply that Board is to ask for amendment which may become effective before section is applicable
12/19
Verity, George M., reappointed for three year term
11/ 1
Denver:
Gano, Eerritt W., reappointed for three year term
11/ 7
Detroit:
McMorran, David, reappointed for three year term
11/ 1
El Paso:
Applawhite, S. P., reappointed for three year term
111 1
FRBank of Cleveland, advice to Mr. Williams on service of,
11/28
as directors of national and State banks
Helena:
Sieben, Henry, reappointed for two year term
11/ 1
Houston:
Peden, E. A., reappointed for three year term
11/ 1
Interlocking directorates:
Applications for service to banks within provisions of
Sec. 8A of Clayton Act, statement on form 94a
unnecessary, information to be furnished
11/28
Ruling on applicability, to be published in FRBulletin
11/ 6
Jacksonville:
Chase, S. 0., reappointed for three year term
11/ 1
Cooper, John C., Sr., death of, succeeded by 11r. haynes 101
Haynes, Bayless W., appointed for unexpired term of ia..
Cooper
12/21
Lane, E. w., reply to Mr. Lewton that he cannot serve
more than two national banks as director or
officer
11/28
Little Rock:
Darragh, F. K., reappointed for three year term
ll/ 1

3
4
6
370

370

394
471

394
471
3
59
7
5
243
5
5

242
38
4
502
502

246
4

Pages

Directors: (Continued)
FRBranch banks: (Continued)
Los Angeles:
Voorhis, C. B., action on appointment deferred at re11/ 1
quest of Er. O'Connor
Statement of Mr. O'Connor that he concurs in committee recommendation, reappointment for two years 11,/ 7
Louisville:
11/ 1
Paxton, W. P., appointed for three year term
Memphis:
11/1
Anderson, E. L., reappointed for three year term
Nashville:
11/1
Ridley, William P., reappointed for three year term
Orleans:
Ni
11/ 1
Bush, Albert P., reappointed for three year term
Oklahoma City:
11/7
Doolin, J. B., reappointed for three year terra
Omaha:
11/7
Hildebrand, D. M., reappointed for three year term
Pittsburgh:
11/1
Jones, J. S., reappointed for three year term
Portland:
11/ 1
Haller, Harry M., reappointed for two year term
sugY.,cNary
and
Steiwer
on
replies
to
Senators
Number,
gestion of Er. Coles that it be increased to
12/29
seven and that Er. Colt be appointed
Salt Lake City:
1V 1
Hanchett, Wayette, reappointed for two year term
San Antonio:
11/1
Bennett, John M., reappointed for three year term
Seattle:
11/ 1
Clarke, Charles H., reappointed for two year term
Spokane:
11/ 1
Easton, Stanly A., reappointed for two year term
Member banks:
Qualifying shares of stock, reply to Mr. Minnich that Board
believes such shares should not be hypothecated,
in reference to interpretation of Sec. 31 of
12/4
Banking Act of 1933
nationalso
to
service
reply
to
Hr.
Parker
on
plan
banks,
Morris
11/28
al banks, under Sec. 8A of Clayton Act
National banks:
Applicability of Sec. 8A of Clayton Act to, serving also
corporation which makes occasional loan on
100
stock or bond collateral, reply to Mr. Stevens
banks,
direcParker
on
reply to Mr.
service of
Morris plan
tors to national banks under Sec. 8A of Clayton
11/28
Act
Discount rates: (See Rates)
Dividends:
12/22
FRBanks, authorized to pay regular semi-annual
Marine Midland Corporation, Jersey City, N. J., FRAgent requested to call attention of corporation to agreement
12/22
relative to payments
Old Colony Trust Associates, Boston, Lass., hearing on desire to
eliminate requirement from voting permit application that it not pay, while capital is impaired 12/13

4
4
4
59
59

64310

10
10

13
245

190

245

560

550

390

29
Pages
Dividends: (Continued)
-aebster and Atlas Lational Bank of Boston, question of rate of
dividend to be paid on common stock in connection with recapitalization plan
11/29
Dollar devaluation:
FRSystem gold, report of Governor Black on conference with President on method of securing profit to Government,
plan of Attorney General, time granted to offer
12/15
objections to
(See also Conferences, Dollar devaluation)
No objection to discussing matter with Governor Harrison
12/15
and FRBoard
Report of Governor Black of submission of objections, and attendance at conference with President and others
President and Ijr. Morgenthau desirous of taking
12/20
title to gold
Governors Black and Harrison urge Congressional action, and
suggestion of ?resident that Governors' Conference be called
12/20
Report of Governor Black on consultation with Attorney General, Mr. Morgenthau and others, objections given
to, plan of Mr. Morgenthau, Governor Harrison to
100
refer plans to New York directors
Governor Black to report to ill-. Cummings that plan of Mr. Morgenthau is under consideration and has been referred to counsel, and Governors Conference
called
12/20
Retention of Newton D. Baker as counsel considered, Governor
Black's telephone call informing Mr. Cummings of
Board's action on Mr. Eorgenthau's suggestion,
12/20
Mr. *iyatt to call 1:.r. Baker for conference
Payment of retainer fee to Mr. Baker approved
12/21
Full discussion of plan without Congressional action, discussed with :a-. Wyatt and Mr. Baker, latter two
12/21
to present conclusions in writing
Meeting of Governors, Governor Black informing of events in
proposed seizure of gold, memo outlining plan of
12/22
Mr. Cummings and objections to
Table of gold and gold certificates showing title and alloca1g/22
tion
Board's position to be stated and Governors to prepare statement of views, reference to opinion of Mr. Baker
12/22
Wyatt
and supplemental memo of Jr.l
Statement of views of Governors, presented by Governor Har12/22
rison, contained in Secretary's note
Opinion of Zr. Baker and letter of La-. Wyatt on conclusion
of former that if called upon to surrender gold,
12/22
FRBanks should do so under formal protest
Consideration of opinions of Mr. Baker and Mr. Wyatt and
12/22
statement formulated on Board's position
12/22
Secretary's note that statement was read to Governors
Secretary's memo that Governor Black wired FRBanks to hold
Boards of directors for tomorrow, and attaching
memo of Mr. Baker and Mr. Wyatt on conference
with Attorney General and letter to Governor
Black from Mr. Baker answering questions
12/27

264

402

403

485

486

487

488
502

510

511-8
518-20

520-1
521

523-31
532
521

602

Pages

Dollar devaluation: (Continued)
Gold of FLZSystem: (Continued)
Secretary's memo attaching two memoranda of Li.. Oliphant on
12/28 625-7
legal questions involved
Report of Governor Black that President had agreed to seek
12/29 677
legislation for seizure of
Secretary's memo quoting telegram of Governor Black directing
12/29 679
FRBanks to hold directors no longer
DuBois Clearing House Association, iduBois, Pa., savings deposits,
reply to suggestion that "portion" as interpreted in Regulation q be liberalized to permit pay101 109
ment of maximum of „$100 without notice

Embry, Jacob:

(See National banks, Commercial National Bank in Shreveport, La.)

Employees:
FRBanks: (See FRBank of
FRBoard: (See Staff of FRBoard)
Examinations:
Hoxton concerning recommendaBaltimore branch, letter to
12/19
tions of examiner
Buffalo branch, letter to LIr. Case containing comments on criti12/ 4
cisms
Charlotte branch, letter to Er. Hoxton concerning recommendations
12/19
of examiner
FRBank of Boston, report of special study of fiscal agency
operations
12/ 6
FRBank of New York, letter to Mr. Case relative to criticisms
and suggestions and financial affairs of
Steadman
12/ 4
FRBank of Richmond:
Fiscal agency operations, reply to Mx. Hoxton on special
study of, and particularly as to Mr. Dillard's
memo with respect to padding of subscriptions to
12/12
Government securities
Report of, letter to Er. Hoxton concerning recommendations
12/19
of examiner
FRBanks, order of FRBoard to Mr. Paulger that each be examined
12/26
during 1934
First National Bank of Ketchikan, Alaska, outline of information
desired from, in connection with application for
membership in FRSystem
12/18
First Security Bank of Idaho, Boise, reports of 15 banks involved
in merger into, transmitted to Comptroller with
consolidated report showing steps in proposed
transaction, eliminations, etc.
11/15
Montclair Trust Co., Montclair, N. J., report reveals that purchase of assets and assumption of liabilities
of Essex Title Guaranty and Trust Co., resulted
in no change in scope of functions
108
State member banks, for qualification for stock of F.D.I.C., advice to FRAgents of necessity of examining before July 1, and request for plans
12/ 8
Trust, reply to Mr. Peyton on cooperation of trust examiner with
national bank examiners and outline of duties
11/20

465-8
282-4
465-8
312

282-4

385-7
465-6
574

412

130

214

323
168

31
Pages
Examiners:
FRBank of Atlanta:
Denmark, J. E., appointment and salary as trust examiner
12/21
1cCurry, A. A., appointment and salary as assistant examiner 101
- ihelchel, C. A., appointment and salary as examiner
:
12/29
FRBank of Boston:
Harris, Frederick A., temporary appointment and salary
as assistant examiner
101
FRBank of Chicago:
Achor, L. B., Board feels it would not be justified in approving temporary appointment
108
Crays, H. C., information submitted and temporary appointment as examiner approved on condition that indebtedness be liquidated as soon as feasible
Esser, Wilbur, appointment and salary as assistant examiner
and to continue to reduce indebtedness
11/28
Indebtedness, attention called to principle that none should
be employed if indebted to any bank in district 108
Penningroth, W. J., temporary appointment and salary as examiner approved for period of service to F.D.I.C. 101
Sadler, H. W.., temporary appointment as examiner approved
12/ 8
FRBank of Cleveland:
Poland, Ray L., appointment and salary as examiner
11/20
aatterson, David G., request of Hr. Williams that he be designated "junior examiner", appointment and salary approved as examiner
10.1
FRBank of Dallas:
Neilan, Edwin P., appointment and salary as examiner
12/ 4
FRBank of Kansas City:
Fielder, C.
temporary appointment and salary as assistant
examiner, to sever connection with Fitzpatrick
Mortgage Co. if position is made permanent
11/15
McCarthy, J. L., appointment and salary, approved with understanding that reduction in indebtedness will be
continued
11/20
Venal'', Ellis C., temporary appointment and salary as assistant examiner
11115
FR:Bank of Minneapolis:
McConnell, Harold G., appointment and salary as examiner and
temporary assignment to Division of Examinations,
approved on condition that he continue reduction
of debt to national bank
11/15
Trust examiner, reply to lir. Peyton on cooperation with national bank examiners and outline of duties
100
FRBank of Yew York
Steadman, E. G., assistant, involved personal financial affairs revealed by examination report, information
requested
12/ 4
FRBank of Philadelp13a:
Mason, Robert A., appointment and salary as examiner
12/21
FRBank of Richmond:
Suiter, Joseph L., appointment and salary as assistant examiner approved on condition that he liquidate his
indebtedness to banks in Rocky Yount
11/20
FRBank of St. Louis:
Jacoby, Ralph P., appointment and salary as assistant examiner, noted that salary is below range provided
in personnel classification plan
109

502
345
629

102

165
202
202
345
319
165

76
274

123

166
123

122
168

284
489

165

629

Pages

Examiners: (Continued)
FRBank of San Francisco:
Cryor, A. L., continuance on temporary basis of appointment
12/26
as examiner
appointment
basis
of
temporary
Dike, G. A., continuance on
12/26
as assistant examiner
temporary
basis
of
appointment
Heim, H. B., continuance on
12/26
as assistant exsminer
12/26
Sargent, S. G., appointed Chief Examiner for 1934
12/26
Shortt, W. D., appointed assistant examiner for 1934
Sims, E. F., continuance on temporary basis of appointment
12/26
as examiner
12/26
Snow, G. A., appointed examiner for 1934
12/26
Sonne, H. A., appointment as Assistant Chief Examiner
Starbuck, Y. W., continuance on temporary basis of appoint12/26
ment as examiner
Steuart, S. L., continuance of appointment as examiner on
12/26
temporary basis
12/26
Swengel, H. D., appointed examiner for 1934
12/26
Varnes, S. Zeno, appointed examiner for 1934
12/26
Voget, H. O., appointed examiner for 1934
12/26
Weigand, C. P., appointed examiner for 1934
FRBanks:
Assignment to Division of Examinations of Board, memo of Mr.
Paulger recommending that each FHAgent select
one experienced man for service temporarily,
101
expense to be borne by bank
Trust, letter to Er. ftllsh and copies to all RAgents on
100
qualifications and scope of duties
FRBoard:
Authorization and direction to examiners to perform necessary
12/29
travel during 1934
12/21
Brien, E. L., Jr., title changed to FRExaminer
Bush, Floyd 1., appointment and salary as assistant examiner 11/11
Cagle, C. E., headquarters changed from Charlotte, N. C., to
12/21
dashington, D. C.
Crays, D. L., title changed to FRExaminer
12/21
Crosby, J. B., title changed to FRExaminer
12/21
Headquarters changed from Louisville, Ky., to Washington, D. C.
12/21
Good, George E., appointment as assistant examiner
12/21
Goodman, G. M., title changed to FRExaminer
12/21
Headquarters changed from New Orleans, La., to Washington, D. C.
12/21
Hostrup, C. C., title changed to FRExaminer
12/21
King, Herman C., headquarters changed from Cincinnati, Ohio,
to Washington, D. C.
12/21
Koppang, H. O., headquarters changed from Helena, Mont., to
Washington, D. C.
12/21
Leonard, R. F., headquarters changed from Minneapolis,
Minn., to Washington, D. C.
12/21
McConnell, Harold G., examiner, assigned to Division of Examinations temporarily by FRBank of Minneapolis 11/15
Nelson, F. A., headquarters changed from Chicago, Ill., to
Washington, D. C.
12/21

568
568
568
568
568
568
568
568
568
568
568
568
568
568

75
167

629
506
74
507
506
506
507
506
506
507
506
507
507
507
122
507

33
Pages
Examiners: (Continued)
FRBoard: (Continued)
Pollard, W. B., title changed to FRExaminer
12/21
Headquarters changed from idemphis, Tenn., to Washington,
D. C.
12/21
Skees, Laurence E., appointment and salary as assistant
examiner
11/ 6
Wilkes, M. R., headquarters changed from Charlotte, I.:. C.,
to Washington, D.C.
12/21
Rational banks:
Folger, Wm. P., Chief National Bank Examiner, present at
Board meeting to discuss stock reduction of Chase
National Bank
107
Hodgson, R. M., Assistant Chief National Bank Examiner,
present at Board meeting to discuss stock reduction of Chase National Bank
12/27
Executive officers:
Notes of, reply to Yr. Wood on acquisition of, by new bank organized to take over assets of another institution when officers are to continue with new bank,
in connection with Sec. 22(g) of FRAct
11/15

507
22
507

582

131

ttF11

Farris, F. M.: (See National banks, Third National Bank, Nashville)
"Federal Bank Service", reply to lir. Minnich that rulings of Board
published in FRBulletin are complete and Board
cannot furnish additional information to private
organization
11/ 6
Federal Deposit Insurance Corporation:
Debentures and capital notes issued to
question of including in capital necessary for membership in FRSystem, memo of Chairman of, directors' meeting with
Governor Black, Board permits inclusion and to
seek legislation to clarify
11/ 6
Examinations of State member banks for qualification for stock
of, advice to FRAgents of necessity of making before July 1 and request for plans
12/ 8
Interest, complaint of First National Bank of Buffalo, Ky., that
State banks are paying higher rate than allowed
for member banks, query as to policy of Corporation on rates, referred to
11/20
List of banks other than national banks admitted to temporary
insurance fund, advice requested if Corporation
is to publish prior to Jan. 1, 1934, in connection with inquiry of FRBank of Richmond
12/21
Staff:
Penningroth, W. J., temporary appointment and salary as examiner at FRBank of Chicago approved for period of
service to
101
Subscription to stock of, FRBanks directed to make no charge to
surplus until called for, and method of showing
on condition statements
12/27
Temporary Fund:
Admission to, of banks whose applications formembership in
FRSystem are expected to be acted upon by Board
by December 29, question of, statement of lIr.
O'Connor that Corporation will advise Board
12/28

506

15-8

323

187

496

345

599

613

Pages

Federal Deposit Insurance Corporation: (Continued)
Temporary Fund: (Continued)
Admission to: (Continued)
Secretary's note that of 31 banks only three were not to
be admitted and Division of Examinations expected
108
to act on membership applications by Dec. 29
Applicants for membership in FRSystem have made application
for admission to, also, reported by Mr. Paulger
108
and expectation of action by end of year
State member banks, to be asked to pay half of assessment by
11/29
Dec. 15, method of showing on condition report
Reply to Mr. Walsh that payments should be carried in
"other assets" if considered assets and shown
separately on earnings and dividends report if
12/26
charged off
Instructions for showing payment on next condition reparb12/26
Time deposits -which have been deferred beyond period originally
contemplated, reply to Mr. Cummings as to appli11/ 6
cability of Sec. 19 of FRAct
Federal farm loan bonds:
Third National Bank, Rockford, Ill., reply to Mr. Westerberg on
acceptance as security for trust department funds
11/11
deposited in colilluercial department
Federal Home Loan Bank Board:
Bonds of home Owners Loan Corporation, request that FRBanks and
branches be utilized for delivery of, no objection, Treasury must initiate negotiations, ques12/ 8
tion of reimbursement
FRAgents:
Assistants:
108
Allen, G. Li., temporary reappointment as Acting at El Paso
12/ 8
Anderson, J. B., reappointment at FRBank of Cleveland
Anderson, L. E., temporary appointment as Acting at Baltimore
approved subject to condition that he resign
12/26
present position
108
Bailey, F. ::., reappointment at FRBank of Minneapolis
Bailey, L. H., reappointment as Acting at St. Louis for 1934 108
Clark, J. C., Jr., temporary reappointment as Acting at
108
Oklahoma City branch
108
Clark, L. M., reappointment at Atlanta for 1934
Newton for appointment for
Day, William A., request of Jr.1
period of his absence from FRBank of San Fran12/ 6
cisco, referred to Committee
Appointment approved subject to resignation as deputy
Governor, telegrams to Mr. Newton and Governor
Calkins, former not to be notified until reply
is received from latter
12/ 8
Governor Calkins opposed to resignation, advice to 1,1r.
Newton
102
108
Dillistin, 14. H., reappointment at New York for 1934
108
Downs, H. S., reappointment at New York for 1934
12/ 8
Evans, Howard, reappointment at Cleveland for 1934
108
Evans, W. J., reappointment at Dallas for 1934
Fenner, Zell G., temporary reappointment as Acting at
108
Philadelphia
12/ 8
Fletcher, W. H., reappointment at Cleveland for 1934

614

442
267

574
575

341

409
319

567
408
408
408
407

300

321
382
406
406
319
409
407
319

FRAgents: (Continued)
Assistants: (Continued)
Francis, C. E., temporary appointment as Acting at Charlotte
approved subject to condition that he resign
present position
Fry, J. G., reappointment at FRBank of Richmond for 1934
Gettemy, Charles F., reappointment at Boston for 1934
Goldschmid, J. P., temporary reappointment as Acting at
Little Rock
Gowland, C. P., temporary reappointment as Acting at San
Antonio
Hall, C. C., reappointment at Dallas for 1934
Hill, Ernest C., reappointment at Philadelphia for 1934
Johnson, R. G., temporary reappointment as Acting at
Cincinnati
Jones, Judd W., temporary reappointment as Acting at Denver
Lawhon, D. S., temporary reappointment as Acting at Houston
Martin, John H., reappointment at Detroit for 1934
McAdams, A. M., reappointment at Kansas City for 1934
Liceravey, J. R., Jr., appointment as Acting at FRBank of
Atlanta or any of its branches for 1934
McRae, William D., reappointment at Boston for 1934
Loore, L. A., temporary reappointment as Acting at Louisville branch
Eolte, VT. H., temporary reappointment as Acting at Pittsburgh branch
Gberwortmann, N. R., reappointment at FRBank of Kansas City
for 1934
Parker, F. S., reappointment as Acting at St. Louis
Post, Arthur E., FRBank of Philadelphia:
Bond, renewal of
Reappointment for 1934
Powell, 0. S., reappointment as alternate to act for FRAgent
and assistant FRAgents at Minneapolis
Prugh, George A., reappointment at Chicago for 1934
Rehfuss, J. Frank, reappointment as Acting at Philadelphia
Rhodes, H. LT., reappointment as Acting at Kansas City
Roelse, H. V., appointment at FRBank of hew York for 1934
and instructions regarding bond
Sanders, T. Gordon, temporary reappointment as Acting at
Omaha
Sargent, S. G., reappointment at MBank of San Francisco
Sehelling, Carl, reappointment at Chicago to act for FRAgent
in receipt and delivery of FRnotes
Shepherd, R. L., reappointment as Acting at Richmond
Snow, G. A., temporary reappoinLment as Acting at Portland
branch with authority to act in same capacity
at Seattle and Spokane branches
Stewart, C. id., reappointment at St. Louis for 1934
Swanson, Ernest ';7., FRBank of Minneapolis:
Appointment for 1934 and instructions for bond
Bond, as alternate acting assistant FRAgent
Swengel, Henry D., temporary reappointment as Acting at
Los Angeles
lialker, L. T., temporary reappointment as Acting at Memphis
Wheeler, Oliver P., reappointment at FRBank of San Francisco
Young, C. S., reappointment at Chicago for 1934

35
Pages

12/26
12/26
12/18

567
567
406

12/18

408

12/18
12/18
12/18

409
409
407

12/ 8
12/18
12/10
12/18
12/18

319
408
409
407
408

12/18
12/18

407
406

12/18

408

12/ 8

319

12/18
12/18

408
408

11/ 6
12/18

23
407

12/18
12/18
12/18
12/18

408
407
407
408

12/18

406

12/18
12/18

408
409

12/18
12/26

407
567

12/18
12(18

409
408

12/18
11/ 1

408
12

12/18
12/18
12/18
12/18

409
408
409
407

Pages

FRAgents: (Continued)
Austin, Idchard L., FRBank of Philadelphia:
Redesignated for 1934, Committee to investigate suitable
11,/ 1
successor for 1935
11,/ 6
Renewal bond
Reorganization plan of Guarantee Trust Co. and Equitable
Trust Co., Atlantic City, N. J., present at
12/12
Board meeting on, and statement concerning
Case, J. h., RBank of New York:
Corrmittee on District No. 2, feeling that he should not be
continued as FRAgent after expiration of term in
1/ 1
1934, redesignated for 1934
Curtiss, Frederic H., FRBank of Boston:
11,/ 1
Redesignated for 1934
11/20
Renewal bond
FRBank of Chicago, recommendation of Committee on District No. 7
that action on appoinLment be deferred pending
11,/ 1
appointment of new governor, approved
Statement of Governor Black on discussion with Er. Simpson
of the action to be taken by Board on appointment of
11,/ 1
Hoxton, W. VT., FRBank of Richmond:
11/1
Redesignated for 1934
McClure, N. L., FRBank of Kansas City:
Redesignated for 1934
1]/7
Newton, Isaac B., FRBank of San Francisco:
Leave for 90 days requested and appointment of Mr. Day as acting assistant FRAgent, referred to Committee
12/ 6
Leave Granted and appointment of Mr. Day approved subject
to resignation as deputy governor, advice not to
be sent until telegram to Governor Calkins is
answered
12/ 8
Advice to, that Governor Calkins opposes resignation of
Mr. Day, Board will consider another reconmendation
12/12
11/ 1
Redesignation for 1934
Newton, Oscar, FRBank of Atlanta:
1Zedesignated for 1934
11/1
Peyton, John N., FRBank of Minneapolis:
Redesignated for 1934
11/ 1
Stevens, E. M., FRBank of Chicago:
Directorship in three corporations, letter to, and feeling of
FRBoard
128
No objection to deferring resignation from one corporation until February
102
Moral turpitude not involved in matter consided at executive
session, feeling of Mr. Szymczak on continuation
as FRAgent, to be reappointed for one year only 1/ 9
Walsh, C. C., FRBank of Dallas:
Redesignated for 1934
11/1
Vacation arrangements satisfactory to FRBoard
14/15
Williams, L. B., FRBank of Cleveland:
Redesignated for 1934
1/ 1
Wood, John S., FRBank of St. Louis:
Redesignated for 1934
11/1

2
23

3744

6
2
164

11
3
59

300

321

382
9
4
5

204
382

6Efr9
5
123
3
4

37
Pages

FRbank notes:
Liability of Treasury on, reply to r. Anderson quoting FRAet and
expressing no opinion
11/28
Plates, report of Governor Black on conference with
Mr. Smead
and feeling that new plates should be prepared,
letter to Secretary of Treasury on conference
for textual changes
11/15
FRBank of Atlanta
:
Charge offs and reserves, authorized to
set up reserves for
probable losses on discounted bills and/or
municipal warrants
12/22
DIxectors: (See Directors)
Dividends, authorized to pay regular semi-annual
12/22
Personnel classification plan, changes at iiashville and 1,,aw
Rates)r.1.eans branches, approved
11/28
Rates: (See
O
Staff:
Clark, L. M., reappointment as assistant FRAgent for 3.934
108
Denmark, J. B., appointment and salary as trust examiner
12/21
McCravey, J. R., Jr., appointment as acting assistant FRAgent at head office or any of its branches
12/18
McCurry, A. A., appointment and salary as assistant examiner 101
?rewton, Oscar, FRAgent, redesignated for 1934
11/ 1
iihelchel, C. A., appointment and salary as examiner
12/29
Stock: (See Stock)
FRBank of
Boston:
Acceptances, bankers, no objection to purchase from FRBank of
New York to equalize reserves and earnings
12/ 8
Purchase of $8,500,000 approved
12/18
Advice to, of no objection to taking daily allotment of
bankers bills of FRBank of New York until
holdings rise to .,35,000,000
12/18
Purchase from member bank, requested to show why purchase
does not need approval of Board under Regulation
12/22
Charge offs and reserves, authorized to set aside reserve
to
cover possible losses on discounts
12/29
_I?r?ctors: (See Directors)
D vidends, authorized
to Day regular semi-annual
12/22
Fiscal agency department, report of special study
12/
6
Massac
husetts cooperative banks, proposed circular on applicability of Sec. 8A of Clayton Act to officers,
directors and employees of, who are also serving
national banks, redrafted by Board
11/11
Open market operations, advice
of resolution of directors not to
commit bank to participation in program, but willing to have portions of purchases offered it
11111
Rates: (See Rates)
Staff:
Curtiss, Frederic H., redesignated FRAgent for 1934
Renewal bonds
Gettemy, Charles F., reappointment as assistant FRAgent
Harris, Frederick A., temporary appointment and salary as
assistant examiner
McRae, William D., reappointment as assistant FRAgent

247

146

560
560
203

407
502
407
345
4
629

342
404

405

555
642
560
312

103

11,/ i.
11/20
12/18

2
164
406

101
12/18

76
406

Pages

FRBank of Boston: (Continued)
Stock: (See Stock)
Stockholders annual meeting, report of Governor Black on atten11/11
dance
FRBank of Chicago:
Charge offs and reserves, authorized to set aside self-insurance
12/28
reserve out of net earnings
(See also FRBanks)
Custodianship of Government securities securing deposits in member banks from sale of bonds to Public Works Ad12/11
ministration, no objection
Directors: (See Directors)
12/22
Dividends, authorized to pay regular semi-annual
Franchise tax, question of seeking refund for last half of 1932,
bank has already made request to Treasury, Board
11/20
to support any request
Governor:
Discussion of Governor Black with Mr. Simpson and with Mr.
11/ 1
Leaven on appointment of
Board would be willing to approve action of directors in retaining Governor McDougal on payroll until ..:arch
12/18
1, replying to request for attitude
Leave of Governor McDougal extended to :arch 1, with full
pay and Mr. Schaller appointed Acting Governor
109
and salary approved
Irregularities:
Letter to Attorney General, objection of Mr. Miller to approval, approved on motion of Mr. Hamlin for
11/20
transmittal
11/ 6
Personnel classification plan,changes approved
Rates)
(See
Rates:
Staff:
Achor, L. B., FRBoard feels it would not be justified in ap11/28
proving temporary appointment as examiner
Counsel, request of Mr. Stevens that request for additional
compensation be dropped because new arrangement
is contemplated, and duration of temporary ar12/ 4
rangement would be short
(See also infra Dunn)
Crays, H. C., information submitted, temporary appointment
as examiner approved on condition that indebted11/20
ness be liquidated as soon as feasible
Dunn, Charles B., desire of FRBank to obtain exclusive services as counsel, question of compensation and
discontinuance of services of Mayer, Meyer, Austrian and Platt, nature of arrangement to be
11/28
determined
conbeen
had
that
Mr.
arrangement
on
Stevens
Letter from
templated and request that matter be dropped for
12/ 4
present, pending new and permanent arrangement
to
Counsel,
become
and
General
salary as
Appointment
full employee and give all time to bank, referred
109
to Committee on District 7
sevwill
he
that
understanding
Appointment approved with
er connection with legal firm and that retention
12/26
of legal firm will be discontinued by FRBank

621

367
560

160

441

449

1664
23

202

290

165

197

290

449

568

39
Pages
FRBank of Chicago: (Continued)
Staff: (Continued)
Esser, Wilbur, appointment and salary as assistant examiner,
to continue reduction of indebtedness
11/28
Examiners, attention called to principle that none should be
employed if indebted to banks in district
11/28
FRAgent, recommendation of Committee on District La. 7 that
action on appointment be deferred pending appoint- ,
11/ 1
rent of new governor, approved
Mayer, Meyer, Austrian and Platt, Counsel, report of Governor
Black on discussion in Chicago, feeling that bank
should discontinue retention, statements of Yr.
Wyatt and Mr. Szymczak, latter to ascertain
nature of arrangement
11/28
Appointment of Mr. Dunn as General Counsel approved on
condition that retention of firm be discontinued 12/26
McDougal, J. B., Governor:
Request of Mr. Simpson for Board's attitude toward retaining on payroll until March 1, Board willing
to approve
12/18
Leave extended with full pay until March 1
12/19
McKay, C. R., Deputy Governor, plan to provide for Government security depreciation proposed
12/21
. (See also Government securities, Depreciation)
Loer, G., salary, which is above maximum, approved
11/ 6
Penningroth, W. J., temporary appointment and salary approved
as examiner for period aC service to F.D.I.C.
12/11
Prugh, George A., reappointment as assistant FRAgent
12/18
Sadler, H. -J., temporary appointment as examiner
12/ 8
Schaller, George J., appointment and salary as Acting Governor approved, it being understood that he has
disposed of bank stock
12/19
Schelling, Carl, reappointment to act for FRAgent in receipt
and delivery of FRnotes
12/18
Schiewe, P., salary, which is above maximum, approved
11/ 6
Stevens, Eugene M., FRAgent:
Directorship in three corporations, feeling of FRBoard
as to discontinuance
11/28
No objection to deferring resignation from one
12/12
corporation until February
Moral turpitude not involved in matter considered by
Board in executive session, feeling of 1:,r. Szymczak on continuation as FRAgent, to be reappoint11/ 9
ed for one year only
Young, C. S., reappointment as assistant FRAgent
12/18
Stock: (See Stock)
vrwank of
Cleveland:
Charge offs and reserves, authorized to make special charge off
on Liberty-Ninth Street building and to set up
reserves for probable losses on discounted bills
and/or municipal warrants
12/22
. (See also FRBanks)
D rectors:
(See Directors)
Olvidends, authorized to pay regular semi-annual
12/22
Franchise tax, question of seeking refund from Treasury for last
half of 1932, Board to support any request
11/20

202
202

197
568

441
449
497
23
345
407
319

449
407
23

204
382

68-9
407

560

560
160

40
FRBank of Cleveland: (Continued)
Personnel classification plan, changes providing for appointment
and salary ranges of confidential secretaries to
12/11
Governor and Chairman of Board
Rates: (See Rates)
Staff:
12/ 8
Anderson, J. B., reappointment as assistant FRAgent
Edmiston, E. E., temporary assignment and salary in excess
12/13
of grade, extended
12/ 8
Evans, Howard, reappointment as assistant FRAgent
12/ 8
Fletcher, W. H., reappointment as assistant FRAgent
hossin, J. Vi., temporary assignment, and salary in excess of
103
grade, extended
11/20
Poland, Ray L., appointment and salary as examiner
Squire, Sanders 6 Dempsey, Counsel, opinion of Mr. iiewell on
construction of Sec. 8A of Clayton Act in connection with service of FRBank director to Pennsyl11128
vania building and loan association, reply
Tyler, Ralph S., of Counsel, loaned temporarily to FRBoard
12/11
as special assistant Counsel
Watterson, David G., request from Mr. Williams that he be
designated "junior examiner", appointment and
11/11
salary approved as examiner
11/ 1
Williams, L. B., redesignated FRAgent for 1934
Stock: (See Stock)
FRBank of Dallas:
Bankers' Code of Fair Competition, reply thab Code supplants
blanket agreement and Board has no objection to
105
FEBanks conforming to provisions of
Charge offs and reserves: (See FRBanks)
Directors: (See Directors)
12/22
Dividends, authorized to pay regular semi-annual
Federal Reserve Employees Savings and Investment Association,
advice from :r. Walsh that it is being liquidat114/ 6
ed, opinion on legality unnecessary
Rates: (See Rates)
Staff:
12/18
Evans, 1. J., reappointment as assistant FRAgent for 1934
12/18
Hall, C. C., reappointment as assistant FRAgent for 1934
Locke, Locke, Stroud and Randolph, Counsel, loan of
Purnell to 2RBoard as special assistant Counsel 12/11
12,/ 4
Xeilan, Edwin P., appointment and salary as examiner
Purnell, Maurice, of Counsel, loan to FRBoard as special
assistant Counsel
11/20
Trust examiner, letter to Yr. Walsh and copies to other
4/20
FRAgents on qualifications and duties
Walsh, C. C., FRAgent:
11,/ 1
Redesignated for 1934
105
Vacation plans satisfactory to FRBoard
Stock: (See Stock)
FRBank of Kansas City:
Charge offs and reserves: (See FRBanks)
Directors: (See Directors)
Dividends, authorized to pay regular semi-annual
12/22
12/ 4
Personnel classification plan, chances approved
108
Denver branch, changes in
Rates: (See Rates)

ages

345

319
397
319
319
397
165

244
344

76
3

134

560

409
409
344
274
167
167

123

560
274
203

41
Pages

FRBank of Kansas City: (Continued)
Staff:
Fielder, C. -4., temporary appointment and salary as assistant
examiner, to sever connection with Fitzpatrick
Mortgage Co. if position is made permanent
105
McAdams, A. :., reappointment as assistant FRAgent for 1934 12/18
McCarthy, J. L., appointment and salary as examiner with
understanding that reduction of indebtedness
will be continued
11120
McClure, M. L., redesignated FRAgent for 1934
111 7
Oberwortmann, D. R., reappointment as assistant FRAgent
12/18
Park, M. W. E., Assistant Cashier, no objection to placing
name in nomination for vice presidency of American Institute of Banking
11/15
Rhodes, H. H., reappointment as acting assistant FRAgent
12/18
Vencill, Ellis C., temporary appointment and salary as assistant examiner
13/15
Stock: (See Stock)
FRBank of
Minneapolis:
Charge offs and reserves, Board feels that no reserve for abrasion on light weight gold coin should be set up
at this time
12/22
. (See also FRBanks)
I
Directors:
(See Directors)
ividends, authorized to pay regular semi-annual
12/22
anchise tax, question of seeking refund from Treasury for last
half of 1932, Board to support any request
11/20
Personnel classification plan, revised pages of Form A submitted,
salary ranges should be provided for certain positions, action deferred on recommendations
12/ 8
Rates: (See
Rates)
Staff:
Bailey, F. LI., reappointment as assistant FRAgent for 1934
12/18
McConnell, Harold G., appointment and salary as examiner and
temporary assignment to Division of Examinations,
approved on condition he continue systematic reduction of debt to national bank
105
Peyton, John N., redesignated FRAgent for 1934
11/ 1
Powell, 0. S., reappointment to act as alternate for FRAgent
and assistant FRAgents for 1934
12/18
Swanson, Ernest U., alternate acting assistant FRAgent:
Appointment as Assistant FRAgent for 1934 and instructions regarding bond
12/18
Bond of
1],/ 1
Trust examiner, reply to Yr. Peyton on cooperation with national bank examiners and outline of duties
11/20
Stock: (See Stock)
,an.ank of hew
York:
Abrasion on gold coin, reply to Jr.1
Sailer that FRBanks should
not absorb, but no objection to absorption of
small amounts and small shipping charges
12/19
Acceptances, bankers, no objection
to purchase from, by FRBank of
Boston to equalize reserves and earnings
12/ 8
Sale of ,;)8,500,000 to FRBank of Boston approved
12/18
Advice of no objection to FRBank of Boston taking daily allotment of bankers bills from, until holdings
rise to ,05,000,000
12/18

123
408

166
59
408

145
408
123

561

560
160

320

408

122
5
408

408
12
168

464
342
404

405

42
FRBank of New York: (Continued)
Charge offs and reserves, special charge off on building and annex not approved, but may increase reserves on
fixed machinery and equipment, authorized to set
up reserve on probable losses and to increase
102
reserve for self insurance
(see also FaBanks)
Board approves self insurance reserve of earnings on Government securities in which fund is invested and
12/29
profit from sale of securities
Davis, Polk, 4ardwell, Gardiner and Reed, payment of fee for legal services rendered during banking holiday
12/29
approved
Directors: (See Directors)
12/22
Dividends, authorized to pay regular semi-annual
and
sugcriticisms
on
Case
11r.
to
letter
Examination report,
gestions, and on financial affairs of ilir. Stead12/ 4
man, assistant examiner
requesting
latter
from
telegram
of
copy
R.F.C.,
Fiscal agent for
FRBank to act as, in distributing its obligations
131 6
for payment in gold
Jenkins, Deyo and Hitchcock, payment of fee for services in claim
12/29
against State Bank of Binghamton, approved
Puerto Rico, membership of banks in, representatives inquire concerning, report of Yr. Goldenweiser on appointment of Mr. Young and Governor Harrison as committee by FRBank, survey of la*. Brown to be sent 11/28
in FRSystem, Banks outside of U. S.)
Membership
(See also
Rates: (see Rates)
Real estate, letter from Governor harrison urging reconsideration
of request to purchase Montauk property, motion
of Mr. hamlin to approve, carried, Er. James
13120
voting "no"
Staff:
Albes, John C., offer of Mr. Case to make available to Mr.
Pole for study of banking conditions in Puerto
12/19
_deo
with
connection
official
terminate
R.,
should
Apgar, Robert
1V20
building and loan association
Govfor
provide
to
formula
Burgess, a. R., Deputy Governor,
ernment security depreciation, sent to governors
12/21
of all FRBanks
that
2
Case, J. H., FRAgent, feeling of Committee on District
he should not be continued after expiration of
13/ 1
term in 1934, redesignated for 1934
Chapin, Harold F., indebtedness to Guardian National Bank of
11120
Connerce of Detroit
Cutler, Raymond F., should terminate official position with
building and loan association
11/20
Davis, Felix T., appointment and salary as assistant Counsel 11/ 7
Dillistin, IL H., Assistant FRAgent:
Passaic County Mosquito Exterminator Commission, request
11/20
for nature of position as treasurer of
12/18
Reappointment for 1934
12/18
Downs, H. S., reappointment as assistant FRAgent for 1934
Ernst, William A., should terminate official connection with
11/20
building allot loan association

559.6

643

628
560

282'4

19
648

1994

159

454
169

497

6
169
169
55

169
406
406
169

43
Pages

FRBank of New York: (Continued)
Staff: (Continued)
Giibart, A. W., request for nature of position in connection
with Planning Commission of Village of Garden
City, L. I., N. Y.
11/20
Harrison, G. L., Governor:
Directorship in Bank for International Settlements, considering sending representative to meetings, motion that he decline, action deferred
11/ 6
Opinion of 1.!r. Wyatt, Mr. Harrison not to accept and
Mr. Miller and Governor Black to prepare letter 11,/ 7
Letter presented and approved
108
Dollar devaluation, question of profit on gold of System
going to Government, President offers no objection to Governor Black discussing matter with
12/15
Present at conference with President, Er. Ilorgenthau,
Governor Black and others, urging legislative action to take title to gold
12/20
Present at consultation with Governor Black, Attorney General, Mr. Morgenthau and Mr. Oliphant,
plan of fir. Morgenthau for transfer of gold, to
report plans to board of directors
12/20
(See also Dollar devaluation)
Lamb, Eric F., assignment to assist Mr. Pole in Puerto Rican
survey
109
Mitchell, Jacques A., assignment to assist .1r. Pole in Puerto
Rican survey
12/19
Roelse, H. V., appointment as assistant FRAgent for 1934
and instructions concerning bond
12/18
Steadman, E. G., assistant examiner, involved personal financial affairs revealed by examination report
12/ 4
Stock: (See Stock)
Uelfare and medical unit, noted in examination report that expenditures average higher than at other banks, reif survey has been undertaken
12/ 4
an of Philadelp quest
hrt
Charge offs and reserves, authorized to set up reserves for
probable losses on discounted bills and/or
municipal warrants
12/22
(See also FRBanks)
li rectors:
(See Directors)
91vidends, authorized to pay regular semi-annual
12/22
Personnel classification plan, liquidation department with ten
new positions, changes establishing, approved
12/19
Rates: (See Rates)

169

19
60
250

403

485-6

486-7

455
455
406
284

284

560

560
456

Staff:

Additions to, report of cormittee of directors recommending
two additional deputy governors and two assistant deputy governors, Governor Norris to visit
Washington to give further details
12/ 8
Statement of Governor 'Norris recommending appointment of
Mr. Sinclair as Deputy Governor, report referred
to Committee on Salaries and Expenditures
12/ 8
Letter urging appointment of permanent counsel and
employment of man with wide experience
12/13

315-6

317-8
395

Pages

FRBank of Philadelphia: (Continued)
Staff: (Continued)
Additions to: (Continued)
Bank desires to appoint itr. Sinclair deputy governor and
to retain present counsel, action deferred until
receipt of formal letter
12/18
Letter and exhibits received, approval of appointment and
salary of Er. Sinclair and retainer for Williams,
Brittain and Sinclair, other recommendations referred to Committee for visit to FRBank
12/19
Austin, R. L., FRAgent:
Present at hearing on reorganization plans of Equitable
Trust Co. and Guarantee Trust Co., both of Atlantic City
12/12
Redesignated FRAgent for 1934 and Committee to investigate suitable successor for 1935
11/1
Renewal bond
11/6
Brittain, James -., of Counsel, present at hearing on reorganization plans of Equitable Trust Co. and Guarantee Trust Co., both of Atlantic City, B. J.
102
J., recommendation of committee of directors that
Davis,
he be appointed assistant deputy governor in connection with strengthening of bank's staff
12/ 8
(See also supra Additions)
Should terminate official connection with building and
loan association
11/1i
Donaldson, L. R., recommendation of committee of directors
that he be appointed assistant deputy governor
in connection with strengthening staff of bank
12/ 8
(See also supra Additions)
Fenner, Zell G., temporary reappointment as acting assistant
FRAgent approved
12/18
Fredericks, M. H., should terminate official position with
building and loan association
11/11
Herman, Chas., should terminate official position with building and loan association
la/11
Hill, Ernest C., reappointment as assistant FRAgent for 1934 12/18
MOCreedy, W. G., should terminate official position with
building and loan associations
lorris, G. h., recommendation of committee of directors that
he be appointed assistant cashier in connection
with contemplated additions to staff
12/ 8
(See also supra Additions)
Norris, G. -01., Governor:
Additions to staff, to visit Washington in connection
with recommendation of additional deputy and assistant deputy governors
12/ 8
(See also supra Additions)
Directorship in Beneficial Saving Fund Society of Philadelphia, should consider termination of
11/11
Letter concerning reconsideration of advisability of
resigning directorship
12/ 4
Reply acknowledging receipt of letter regarding service and reaffirming position of Board
12/ 8
Post, Arthur E., renewal bond as assistant FRAgent
11/6
Reappointment as assistant FRAgent for 1934
12/18

440

450'5

374
2
23

374

316

407

78
78
407
76

316

315-6

76
275
321
23
407

45
Pages

FRBank of Philadelphia:
(Continued)
Staff: (Continued)
Rehfuss, J. Frank, reappointment as acting assistant FL/Agent 108
Sinclair, J. S., appolntment and salary as Deputy Governor
approved
12/19
(See also supra Additions)
Wenner, Charles V., request for information as to school
teaching of
11/11
Williams, Brittain & Sinclair, retainer as Counsel approved 109
(See also supra Additions)
Wilson, Robert A., appointment and salary as examiner
12/21
Stock: (See Stock)
FRBank of Richmond:
Charge offs and reserves, requested to return to profit and loss
account savings from temporary salary reductions
which had been set up as pension reserve
12/22
(See also FRBanks)
Authorized to increase reserve for losses on discounted bills 12/29
Directors: (See Directors)
Dividends,
authorized to pay regular semi-annual
12/22
amination report, letter to l- ir. Hoxton concerning reconnendations of examiner
109
Fiscal agency operations, reply of Board in connection with special study made of, and memo of Llr. Dillard, particularly with respect to padding of subscriptions to Government securities
12/12
Rates: (See Rates)
Real estate, reconsideration of previously disapproved purchase
of additional, on motion of T]r. James, and purchase approved
12/18
Letter advising of action, presented and approved
12/21
Staff:

Pry, J. G., reappointment as assistant FRAgent
Hoxton,
redesignated FRAgent for 1934
Shepherd, P. L., reappointment as acting assistant FRAgent
Suiter, Joseph L., appointment and salary as assistant examiner approved on condition that he liquidate indebtedness to banks as soon as possible
Stock: (Sec Stock)
ank of St. Louis:
Charge offs and reserves: (See FRBanks)
Directors:
(See Directors)
Dividends, authorized to pay regular semi-annual
Rates: (See Rates)
Staff:

407
453

78
453
489

561
643
560
465-8

36.5-7

439
497

12/26
11/ 1
12/26

567
3
567

11/20

165

12/22

560

Bailey, L. h., reappointment as acting assistant Ft/Agent
12/18
Jacoby, Ralph P., appointment and salary as assistant examiner, noted that salary is below rate prescribed
by personnel classification plan
12/29
Parker, F. S., reappoiLtment as acting assistant FRAgent
12/18
Stewart, C. M., reappointment as assistant FRAgent for 1934 12/18
Wood, John S., redesignated FRAgent for 1934
11/ 1
Stock: (See Stock)
"
13amk of San Francisco:
Charge offs and reserves, authorized to make special charge off
of Los Angeler real estate and to set up reserves
against probable losses
12/22
(Sce also ZRBanks)

408

629
408
408
4

560

Paged

FRBank of San Francisco: (Continued)
Civil Works Administration pay checks, reply to Governor Calkins
that FRBank should cash
11/28
Directors: (See Directors)
Dividends, authorized to pay regular semi-annual
12/22
Interest on deposits, reply to Er. Clerk on regulation limiting
and advisability of stamping on certificates that
rate is subject to change
12/4
Personnel classification plan, changes at head office and branches approved
11/6
Rates: (See Rates)
Staff:
Cryor, A. L., continuance on temporary basis of appointment
as examiner
12/26
Day, William A., Deputy Governor, request of Mr. Newton for
appointment as acting assistant FRAgent during
his absence, referred to Committee
12/ 6
Appointment approved subject to resignation as deputy
governor, telegrams to lir. Newton and Governor
Calkins, former not to be notified until answer
is received from Governor
12/8
Governor Calkins opposed to resignation, advice to
Newton, Board will consider another recommendation
12/12
Dike, G. A., continuance on temporary basis of appointment
as assistant examiner
12/26
Heim, H. B., continuance on temporary basis of appointment
as assistant examiner
12/26
Newton, Isaac, FRAgent:
Leave of absence for 90 days and appointment of Nr. Day
as acting assistant FRAgent requested, referred
to committee
12/ 6
Leave granted, appointment of 1,:r. Day approved subject to resignation as deputy governor, advice
to Governor Calkins and FRAgent not to be advised until Governor replies
12/ 0
Appointment opposed by Governor Calkins and Board
will consider another recommendation
12/12
Redesignated FRAgent for 1934
11/ 1
Sargent, S. G., reappointment as assistant FRAgent for 1934 12/18
Appointed Chief Examiner for 1934
12/26
Shortt, W. D., appointed assistant examiner for 1934
12/26
Sims, E. F., continuance on temporary basis of appointment
as examiner
12/26
Snow, G. A., appointed examiner for 1934
12/26
Sonne, H. A., appointment as assistant Chief Examiner for
1934
12/26
Starbuck, Y. W., continuance on temporary basis of appointment as examiner
12/26
Stewart, S. L., continuance of appointment as examiner on
temporary basis
12/26
Swengel, H. D., appointed examiner for 1934
12/26
Varnes, S. Zeno, appointed examiner for 1934
12/26
Voget, H. 0., appointed examiner for 1934
12/26
Vibigand, C. P., appointed examiner for 1934
12/26

232
560

287
24

568

300

321
382
568
568

300

321
382
9
409
568
568
568
568
568
568
568
568
568
568
568

47
Pages

FRBank of San Francisco:
(Continued)
Staff: (Continued)
dheeler, Oliver F., reappoirtment as assistant FRAgent
108
Stock: (See Stock)
Waiver of reserve deficienc;
; penalties of Old hational Bank and
Union Trust Company of Spokane, and of 14 unlicensed banks, no objection
12,/ 4
FRBanks:
Assessment on, for expenses of FRBoard, resolution levying
124/21
Bonds of Home Owners Loan Corporation, request of Federal Home
Loan Bank Board that FRBanks and branches be
utilized for delivery, no objection
12,/ 8
Charge offs and reserves, to cover depreciation in Government
securities, bank buildings, losses on Hungarian
credit, past due acceptances, etc., authorized
12/22
(See also FRBank of
FRBanks to employ method of showing on published statements
12,/28
that Board has adopted
Compensation of directors and executive officers, telegram to
FRBank of Atlanta on reporting under S.R. 75,
and similar telegram to other FRBanks
13128
Custodianship of
bonds pledged as security for postal savings
deposits, FRBanks willing to undertake but reserve right to reimbursement of expenses, reply
to Treasurer of U. S.
13/28
Directors: (See Directors)
iividends, authorized to pay regular semi-annual
124/22
arnings and expense reports and profit and loss statements,
change in instructions, Board will authorize
charge to surplus only on definitely determined
losses on discounted bills
12/22
PRBanks to employ method adopted by Board of showing on pub124/28
lished statements
P
xaminations, order of Board to Mr. Paulger that each be exam12/26
ined during 1934
Examiners, service for temporary period with Board, memo of Hr.
Paulger that each FRAgent select one experienced
101
man for, expense to be borne by bank
Federal Deposit Insurance Corporation, subscription to stock of,
to make no charge to surplus until called, method
12/27
of showing in condition statements
Fiscal agency expenses, Governors requested to furnish complete
information regarding expenses incurred for Trea124/28
sury Department
Franchise tax, question of securing refund from Treasury of payment for last half of 1932, Board to suoport any
request by FRBanks for
11/20
Officers, motion of :r. Szymczak that all appointments be reconsidered, lost
13/ 9
Rates: (See Rates)
Stock: (See Stock)
FRBoard:
Assessment on FRBanks for expenses of, resolution levying
Budget for 1934 approved
Holidays, offices to be closed at 1:00 p. m., hovember 29

12,/21
12/21
13/28

409

279
507

341

559-61

621

204

249
560

560
621
574

599

623

160
69

507
502
198

Pages

FRBoard: (Continued)
Members:
Black, Eugene R., Governor:
Dollar devaluation, report of conference with f'resident
on method of securing profit on gold of FRSystem
to Government if devaluation takes place
2/15 402
(See also Dollar devaluation)
Stockholders' meeting at FRBank of Boston, report of at70
1],/11
tendance
Hamlin, C. S.:
Ranney, George A., explanation of negative vote on motion
to approve letter indicating approval of appointment as chairman of Continental Illinois National
Bank and Trust Co.
12,/ 6 296
James, George R.:
Minority report recommending appointment of Er. Bond as
Class C director at FRBank of Kansas City, auth58'9
11,/ 7
orized to transmit to FRAgent
Miller, A. C.:
Chase Rational Bank of City of New York, desire to be recorded as in favor of stock reduction in recapitalization plan
12/28 611
Salary increases for Secretary, Assistant to Governor
12/21 506
and heads of departments, voted "no"
Szymczak, E. S.:
FRAgent at Chicago, feeling on continuation of Ur. Stevens and motion that appointments of officers
68'4
la/ 9
be reconsidered, lost
Ranney, George A., explanation of negative vote on motion
to approve letter indicating approval of appointment as chairman of Continental Illinois National
Bank and Trust Co.
12
296
Thomas, J. J.:
Report recommending appointment of ;Ir. Doolin as Class C
director of FRBank of Kansas City, authorized to
56-9
transmit to FRAgent
11,/ 7
Minutes:
Applications for capital stock reduction, fiduciary powers
and membership, which Secretary is authorized to
approve until Jan. 1, and matters approved on
initials of Board members to be entered in minutes for approval of Board
12/19 456
Executive session of Nov. 9, approved
11/11
71
Meetings of October 9, 10, 12, 16, 17, 18, 19, 25, 26, and
61
30, approved
1],/ 7
Meetings with governors on Oct. 10 and 12, approved
61
13/ 7
Meetings of Nov. 6 and 7, approved
1
Meetings of Nov. 11 and 15, approved
:
22300
2/
1
Mr. James authorized to show portion to Mr. Hemingway in connection with stockholdings of Mercantile-Commerce
Bank and Trust Co. in Mercantile-Commerce National Bank
12/ 6 298
Quarters: (See Quarters of FRBoard)
Staff: (See Staff of FRBoard)
FRBulletin:
Branch banking review, prepared by Division of Bank Operations,
motion of Er. Miller that it not be published,
carried
12,/ 6 300

49
Pages
FRBulletin: (Continued)
Branches, out-of-town of national banks in California, South
Carolina and Tennessee, opinion of Attorney
General on right to establish, request Comptroller's consent to publish in
37
11,/ 6
Branches, removal from one town to another, ruling to be published in
38
11,/ 6
Business and credit conditions review, query of Senator Glass as
to whether General Johnson influenced omission
from November issue, President's request that material be reviewed before publication
11/20 155
Statement of Dr. Goldenweiser on omission, motion that no one
be permitted to review material, action deferred,
and Senator Glass to be advised that General
Johnson made no suggestion
11/20 156
Reply on further inquiry from Senator Glass
11/28 250
Clayton Act, Sec. 8A, ruling on applicability to directors of
FRBanks and branches to be published in
38
11,/ 6
Interest on time deposits after maturity, ruling to be published
in
11/6
38
Rulings:
Interpretations of Banking Act of 1933 and correspondence
with Banking Code Committee of A. B. A. on service charges, memo of Mr. Vest recommending
publication in, approved
12/27 599
Recommendation of Mr. Wyatt for publishing in, and procedure
for requesting interpretations of law, approved 12/ 6 309
Time certificates of deposit, form approved by Board to be published in, with introductory statement
111 6
38
(See also Forms)
Federal Reserve Employees Savings & Investment Association,
advice
from Mr. Walsh that association is being liquidated, opinion of Counsel on legality unnecessary
11,/ 6
24
FRnotes:
Incomplete, honored by FRBanks of Minneapolis and New York, Board
will suggest that they absorb loss, but urge
Treasury to seek legislation for reimbursement
11/20
Reply to Governor Geery that Board admits no liability and
absorption does not set precedent
12/ 6
Issue of,
request FRAgents to supply names and titles and amount
of bonds of any persons other than assistant
FRAgents at head offices and branches authorized
to act in
12/12
Federal reserve transfer
and exchange drafts, Board in agreement with
action of Governors' Conference that former be
abolished, effective date set
12/20
?iduciary Powers:
Central National Bank of New Rochelle, N. Y., certificate of
surrender
101
Citizens National Bank of Evansville, Ind., application approved
when merger with Citizens Trust and Savings Bank
is consummated
101
city National Bank and Trust Co., Kansas City, Mo., authorized
to exercise on conversion from City Bank and
Trust Co., and warning against trusts of latter 12/18

182
313

383

482

353

414

Pages

Fiduciary powers: (Continued)
12/29
Depositors Trust Co., Augusta, Lie., application approved
First National Bank, Belfast, Me., application approved only in
specific trusts of City National Bank, action on
101
full powers deferred for one year
advised
application,
to
be
Ill.,
National
Bank
of
Freeport,
First
that no new information has been submitted which
12/19
would justify approval
approvailV28
application
Grand
Forks,
N.
Dak.,
in
First National Bank
First National Bank of 'Monroe, Mich., bank to proceed to complete
11/ 6
surrender of
approved
First National Bank of Pittsfield, Me., application
121 :/1941
First National Bank of Rockland, Me., application approved
First National Bank in Sharon, Pa., reduction of capital stock
approved and transfer of released funds to surplus, letter to Lr. Williams that action was ta12/22
ken in anticipation of application
Pennsylvania)
(See also Legislation,
First National Bank of Waterville, Me., application approved
only in specific trusts of Peoples-Ticonic
National Bank, action on full powers deferred
105
for one year
Fort Wayne National Bank, Fort Wayne, Ind., application approved
with warning against trusts of Old-First Nation101
al Bank and Trust Co.
Lackawanna National Bank, Lackawanna, N. Y., certificate of
surrender of
Uhl
Mansfield Savings Trust National Bank, Mansfield, Ohio, application approved effective when converted from
109
Mansfield Savings Bank and Trust Co.
Miners National Bank of Wilkes-Barre, Pa., application approved,
and letter to Comptroller of Currency concerning
weakness in trust department management and indebtedness of certain officers to bank
12/ 8
National Bank of Tulsa, Okla., action on full powers deferred
further until FRAgent, Executive Committee of
FRBank, R.F.C. and Comptroller are satisfied
as to corrections
11/28
National Bank & Trust Co., Sycamore, Ill., application approved
when authorized to commence business after con12/11
version from First Trust & Savings Bank
National banks:
Applications, matter of expediting action on, referred to
Governor with power
108
Secretary authorized to approve until Jan. 1 where clearly within Board's usual policy and to enter in
minutes for Board's approval
12/19
Exercise, letter to irr. Jones that they may not, without permit of Board
Copy of letter sent to Comptroller
1/17
Sedalia Bank and Trust Co., Sedalia, Mo., application approved,
bank to adopt resolution to abide by conditions 12/15
Stewart National Bank of Livonia, N. Y., certificate of
surrender
11/28
Union Bank, Little Rock, Ark., reply on return to bank of bonds
pledged to secure trust funds in other departments for which insurance becomes effective
12/28

637

459
218
34
:7

543

126

352
87

674

326

919

351

443

456
65
5
126
220

622

51
Pages
Fiduciary powers: (Continued)
Union Rational Bank of Donora, Pa., reply to -r. Binns that
application will be considered withdrawn, but
papers must remain with Board
11/11
87
Firemen's Insurance Co.: (see State member banks, Merchants and
Newark Trust Co.)
Foreign credits:
Hungarian credit and past due acceptances purchased from foreign
correspondents, FRBanks authorized to set up reserves for estimated losses
12/22 559-61
Forms, FRBoard:
B-14, banks borrowing EitZ or more of the time, advice to FRBanks
that reports may be suspended
12/26 574
34, reports of RBanks' assets and liabilities, changes relating
to subscriptions to stock of F.D.I.C.
11120 160
94a, directors of FRBanks and branches need not submit statement
on, for service to banks within provisions of
Sec. 8A of Clayton Act
17728 243
Advice to Mr. Hoxton on, in reply to inquiry
11728 244
94d and 94e,
revised by Regulation L, sent to FRAgents for printing
13720 189
99o, applications under Regulation R, advice to FRAgents on details in answering questions 1-4
13/28 242
105, change not necessary in formula for computation of member
bank reserves because of revision in, in connection with Regulation Q, reply to Mr. Worthington11/11 113
105, reply to
aalsh that State member banks should include in
schedule M payment to temporary F.D.I.C. fund if
carried as an asset
1 /26 574
107, reply to ijr. Walsh that State member banks if they charge
off payment into temporary F.D.I.C. fund, it
should be shown separately under item 2
12/26 574
220,
reply to Assistant FRAgent at Cleveland on answering questions in, regarding reports of affiliates
11/11 101
Tirr-e certificates of deposit, to be published in FRBulletin
with introductory statement
13/ 6
38
Letter to FRAgents that certificates should state rate of
interest is subject to change
101 108
it orris
Reconstruction Finance Corporation:
2, debenture, reply to Mr. aalsh that those in substantially same form mould meet requirements of membership condition numbered 15
108 212
1;1E1,-1Ft.a
lse tax of FRBanks: (See FRBanks)
uund, Henry F.:
(See Relations with dealers in securities, HudsonHarlem Valley Corporation)
alneral
expenses, time deposit to protect: (See Deposits)

Gest, William
T.: (See State member banks, Fidelity-Philadelphia
Trust Co.)
Glas
s, Senator Carter:
l eview of business and credit conditions, request if General Johnson influenced omission from November Bulletin
11/20 155
Statement of Dr. Goldenweiser on omission and to be advised
that General Johnson made no suggestions as to
material in FRBu]letin
100 156

Pages

Glass, Senator Carter: (Continued)
Review of business and credit conditions: (Continued)
11/28
Reply to further inquiry from
Gold:
Abrasion on coin, reply to FRBank of New York that FRBanks should
not absorb, but no objection to absorbing small
12/19
amounts and small shipping charges
conference
with
Governor
Black
on
Dollar devaluation, report of
President and others on securing profit to Government on gold of FaSystem, granted time to offer
12/15
objections to plan of Attorney General
ho objection offered by President to discussing natter with
12/15
Governor Harrison and FRBoard
Objections presented to President by Governor Black and attendance at conference with President, Mr.:,!orgen12/20
thau, Governor Harrison and others
Desire to take title to FRSystem gold, Governors Black and
Harrison urge legislation, suggestion of Presi12/20
dent, that Governors' Conference be called
Report of Governor Black on consultation with Attorney General, Mr. Morgenthau, Mr. Oliphant and Governor
Harrison, copies of objections given to ,,lessrs.
12/20
Cummings and Morgenthau
Plan suggested by Mr. Morgenthau, Governor Harrison to refer
plans to his directors, Board requests Governor
Black to report to Mr. Cummings that plan is under consideration and Governors' meeting called 12/20
Retention of Newton D. Baker as associate counsel considered,
Governor Black's telephone call informing 1,:s. Cummings of actions, and Ur. Wyatt instructed to
12/20
call Mr. Baker for conference
Full discussion of plan without congressional action, discussed with Ls.. Wyatt and Mr. Baker, conclusions
12/21
in writing to be prepared
Meeting of Governors, Governor Black informing of events in
proposed seizure of gold, memo of Governor Black
12/22
outlining plan of Mr. Cummings and objections
Table of gold and gold certificate holdings, showing title
12/22
and allocation
Statement of Board's position to be prepared and Governors to
prepare statement, reference to opinion of Mr.
Baker and supplemental memo of Mr. Viyatt
12/22
Statement of views of governors presented by Governor Harri12/22
son, contained in Secretary's note
Letter of 1::r. Wyatt on opinion of :dr. Baker that if called
on to surrender gold, FRBanks should do so under
formal protest
12/22
Consideration of opinions of Messrs. Baker and ayatt in connection with proposed plan to vest title in Treasury and statement of Board's position formulated 12/22
Secretary's note that statement was read to governors
12/22
Secretary's memo that Governor Black wired FRBanks to hold
boards of directors for tomorrow, and attaching
memo of Li.. Baker and Mr. Wyatt on conference
with Attorney General and letter from Mr. Baker
12/27
answering questions

250

464

402
405

485

486

487

486

510
511.0
510

520'1
521

525'4

532
521

602

53
Pages

Gold: (Continued)
Dollar devaluation: (Continued)
Secretary's memo attaching two memoranda of Er. Oliphant on
legal questions involved
12/28 625-7
Report of Governor Black that President had agreed to seek
legislation to seize FRSystem gold and letter
to President approved
12/29 677
Telegram of Governor Black directing FRBanks not to hold
directors any longer, quoted in Secretary's
memo
12/29 679
"Whose Gold?
1hose Profit?", reply to Congressman Christianson
on statements contained in
12/11 367
Goodrich,
James E.: (See State member banks, Commerce Trust Co.,
securities:Kansas City, 1:io.)
Government
Custodianship of FABank of Chicago of, for member banks, securing
deposits to be made from proceeds of sale of
12/11 367
Chicago bonds to P. W. A.
D
epreciation, plan of la-. McKay to provide for, reply on Dr.
Burgess' formula, approved by Board
12/21 497
Guernsey, Benjamin 'J., present at hearing on desire of Old Colony
Trust Associates to eliminate requirement from
voting permit application that it not pay dividends while capital is impaired
12/13 394
ulin
'
"A., present at hearing on reorganization plans of Equitable
Harr
Trust Co. and Guarantee Trust Co., both of
Atlantic City, N. J.
Hearings, FRBoard:
Equitable
Trust Co., Atlantic City, D. J., desired by representatives of, on reorganization plan, to be held
Dec. 12
Reorganization plan, statements of representatives before
Board, statement of Mr. Compton and question of
issuance of preferred stock to be retired at a
premium, statement of Mr. Austin
Governor authorized to discuss organization of new institutions with representatives
Guarantee
Trust Co., Atlantic City, D. J., desired by representatives of, on reorganization plan, to be held
Dec. 12
Reorganization plan, statements of representatives before
Compton and question of
Board, statement of Jr.L
issuance of preferred stock to be retired at a
premium, statement of Mr. Austin
Governor authorized to discuss organization of new institutions with representatives
Ller cantile-Commerce Bank and Trust Co., St. Louis, report of
request for hearing by D.. Thompson in connection with stockholdings in Mercantile-Commerce
National Bank
Governor Black authorized to advise idr. Thompson that if
hearing is desired it may be held Dec. 12
Messrs. Hemingway and Thompson present at Board meeting, six
months' extension granted for disposal
(See also State member banks)

12/12

374

12/ 6

293

12/12

374-7

12/12

379

12/ 6

293

12/12

374-7

12/12

379

12/ 6

297

12/ 6

298

12/12

377-9

Pages

Hearings, FRBoard: (Continued)
Old Colony Trust Associates, Boston, Mass., representatives present at Board meeting to discuss elimination of
requirement of voting permit that no dividends be
paid while capital is impaired and admission of
103
four affiliates to membership
County
Bank)
Hedrick, G. C.: (See Nonmember banks, Raleigh
Hemingway, ;4. L.: (See State member banks, Mercantile-Commerce
Bank and Trust Co.)
Holding company affiliates:
Amalgamated Clothing Workers of America, FRBank of New York authorized to extend time within which Amalgamated
105
Bank of New York may file agreement
American Co., must secure permit to vote stock of American Trust
Co. and so also must Atlas Corporation and
11/20
fie Eastern Corporation
perAmerican National Corporation, Portland, Ore., necessity for
mit to vote stock of National Bank of Portland and
National Bank of Commerce of Astoria, Board cannot ratify action previously taken by stockhold11/11
ers
question
of
American Trust Company of San Francisco, Calif.,
status as, in connection with First National
101
Trust and Savings Bank of San Diego
Atlas Corporation, must obtain permit before American Co., -which
also must obtain permit, may vote stock of Amer11720
ican Trust Co.
Securities
Corporation, Jacksonville, Fla., apBarnett National
plication for permit to vote stock of certain
banks approved subject to filing of P-4, Exhibit
101
N lacks consent of Barnett National Bank
City Certificates Corporation, Baltimore, Md., minor change suggested in contract with Union Trust Co. in reor11/15
ganization of latter
Voting permit application approved and letter to FRAgent on lila)
Permit granted to vote stock of Union Trust Co. and condition
modified to permit traasfer of 93% of stock in4/29
stead of 97% to corporation
(See also ieithership in FRSystem, Union Trust Company of
Maryland)
Commercial National Bank in Shreveport, Ia., Rembert National
Bank, Longview, Texas, reply to Mr. Embry on re101
lationships of two banks
Minneapolis,
Minn.:
First Bank Stock Corporation,
Metals Bank and Trust Co., Butte, Mont., request of Corporation that extension of time be granted for fil11/11
ing condition reports of affiliates of banks
Voting permit application, preliminary examination indicates
that it should be supplemented
11/28
First Kentucky Co., Louisville, Ky., holding company affiliate
of First National Bank of Louisville and must obtain voting permit, also may be holding company
12/21
affiliate of Kentucky Title Trust Co.
First National Bank of Louisville, Ky., holding company affiliate
of member banks and must obtain voting permit before First National Trustees can be granted
permit
12/21

3904

132

182

358

182

149
154

261

101
231

493

55
Pages
Holding company affiliates: (Continued)
First National Co., Bradenton, Fla., approval of capital rehabilitation plan of First National Bank which had
been deferred, on favorable consideration of vot12/ 6
ing permit application of
Advice of approval of voting permit application, subject to
12/ 6
execution of agreement on Exhibit A
First Security Corporation of Ogden, Utah, request treatment of
application as one for limited permit to vote
stock in plan involving merger of banks and est11/15
ablishment of 15 branches in Idaho, approved
11/28
Limited voting permit granted
(See also Voting permits, Limited
Fox, Henderson and Sons, reply to 1.-Ar.Anthony that partnership is
not holding company affiliate of First Farmers
12/20
and Merchants National Bank of Troy, Ala.
Gimbel Brothers, Inc., Philadelphia, Pa., agreement executed on
P-5 with proviso reserving right to establish
that it is not holding company affiliate or that
Banking Act is unconstitutional, memo of Ur. Du12/ 4
Bois recommending acceptance, approved
Guaranty Trust Co., New York, N. Y.: (See State =bar banks)
Hackensack Securities co., reply to FRAgent at New York on status of, and necessity of voting permit and exe13/6
cution of agreement
Limited voting permits, procedure for issuance, to allow voting
of stock of subsidiaries at annual meetings,
12/21
advice to FRAgents
L:anufacturers Trust Co., New York, N. Y.: (See State member
banks)
Metals Bank and Trust Co., Butte, Mont.: (See supra First Bank
Stock Corporation)
inneapolis National Co., Mirnoapolis, Minn., action deferred on
voting permit application because of steps look102
ing toward termination of status as
Northwest Bancorporation, voting permit application needs only additional data for permanent, duplications of data
are unnecessary if compiled and submitted prior
11/20
to Oct. 31
Old Colony Trust Associates, Boston, Mass., desire to eliminate
requirement from voting permit that it not pay
dividends while capital is impaired, representatives outline trust agreement, question of ad103
mission of four affiliates to membership
Pacific Eastern Corporation, must obtain voting permit for American Co., which also must obtain permit, to vote
13120
stock of American Trust Co.
Peoples Trust and Guaranty Co., reply to FRAgent at New York on
possible status as holding company affiliate and
11/ 6
necessity for voting permit
to
permit
application
for
Ga.,
Savannah,
Savannah Corporation,
vote stock of Savannah Bank and Trust Co.,
11/15
approved
Seaboard National Securities Corporation, application filed for
permit to vote stock of Seaboard National Bank,
1.:r. Browning notified that he may file objections13/ 6

305
306

128
235

482

287

492

554

180

390-3

182

127

Pages

Holding company affiliates: (Continued)
Seaboard National Securities Corporation: (Continued)
FRAgent requested to advise Er. Marble that action on appli64
cation cannot be taken before Nov. 10
11,/ 7
Protest received, copy may be given to corporation only on
consent of Mr. Browning, hearing to be arranged 11/11 100
Security-First Co., Los Angeles, Calif., reply to Mr. Sargent as
to whether Board would approve informal application for sole purpose of placing First National
99
Bank of El Segundo in liquidation
11/11
Trusteeship holding stock of Old Colony Trust Co. for benefit of
stockholders of First National Bank of Boston,
reply to Er. Curtiss that it is not holding
company affiliate
124/28 620
Union Investment Corporation, St. Petersburg, Fla., application
96
101
for voting permit considered withdrawn
United States National Corporation, Portland, Ore., permit approved for certain national banks, possibility
of statutory violation in use of "United States"
in title, letter also to FRAgent
11/20 179
Vcting permits, letter to :r. Jones that affiliates may not vote
stock of subsidiary member banks until permit
65
has been granted by FRBoard
11/ 7
Winchester Trust Co., Winchester, Mass., FRBank of Boston authorized to extend time for filing of report of
holding company affiliates if justified
11/15 132
Work, T. A., reply to FRBank of San Francisco that he does not
appear to be holding company affiliate of national banks, in connection with nomination and election of FRBank directors
11/28 233
Holidays:
Offices of FRBoard to close at 1:00 p.m. November 29
11/28 195
Home Owners Loan Corporation.bonds:
Collateral for loans, reply to Lir. Townsend on conditions under
which FRBanks may accept as, and advice that
President has taken no action under Sec. 43 of Act
approved May 12, 1933
12121 220
FRBanks and branches, request of Federal Home Loan Bank Board
that they be utilized for delivery of
12,/ 8 341

Indebtedness and outside business relations:
FRBank of Chicago:
Crays, H. U., temporary appointment as examiner approved on
condition that indebtedness be liquidated
11/20
Esser, Wilbur, appointment and salary as assistant examiner,
to continue reduction of indebtedness
11/28
Stevens, B. id., directorships in three corporations, letter
to, and feeling of FRBoard
11/28
No objection to deferring resignation from one corporation until February
12/12
FRBank of Kansas City:
Fielder, C. 11., to sever connection with Fitzpatrick Mortgage
Co. if position as assistant examiner is made
permanent
11/15

165
202
204
382

123

57
Pages
Indebtedness and outside business relations: (Continued)
FRBank of Kansas City: (Continued)
McCarthy, J. L., appointment as examiner approved on condi11/20
tion of continued reduction in indebtedness
FRBank of Minneapolis:
McConnell, harold G., reduction in debt to national bank
1V15
condition of appointment as examiner
FRBank of New York:
Report of employees and officers, reply referring to Messrs.
Chapin, Gidney, Gilbert, Dillistin, Apgar, Cutler
and Lrnst, and policy of bank as to outside
11/20
business relations
Steadman, E. G., assistant examiner, involved personal fin12/ 4
ancial affairs revealed, information requested
FRBank of Philadelphia:
Davis, '4. J., should terminate official connection with
11/11
building and loan association
with
terminate
ical
Fredericks, i.. h., should
off
position
11/11
building and loan association
Herman, Chas., should terminate official connection with
11/11
building and loan association
McCreedy, W. G., should terminate official connection with
101
building and loan association
Norris, G. a., Governor, service as director of Beneficial
11/11
Saving Fund Society, should terminate
desirability
of
Letter concerning reconsideration of
12/ 4
resigning directorship
Acknowledgement by Board of receipt of letter concerning
12/ 8
service and reaffirmation of Board's position
Wenner, Charles V., request for information as to school
11/11
teaching of
FRBank of Richmond:
Suiter, Joseph L., appointment as assistant examiner approved
on condition that he liquidate indebtedness to
11/20
banks in Rocky Mount as soon as possible
Nashville branch:
Starr, L.
not necessary to dispose of interest in drug
11/15
store
Savannah Agency:
Goethe, James A., Assistant 'Manager, not necessary to dis4/15
pose of interest in produce store
Indiana:
Absorption by banks of tax on deposits, reply to r. Mountjoy
that it does not constitute indirect payment
of interest
Insurance:
Home State Bank, South Milwaukee, Wis., reply to Mr. Stevens
that insurance business of cashier is not in
violation of membership condition
In
terest:
Arderican Bankers Association, Atlanta, Ga., reply to hr. Ransom
on scale of charges in Bankers Code for services
rendered by banks, in connection with indirect
payment of interest
Argentina, reply to Secretary of State on payment on funds of,
under two types of contracts with banks in
l'ew York in force on June 16, 1933

166

122

169
284

78
78
78
78
78
275
321
78

165

123

12/11

365

11/29

262

11/29

268

11/11

106

Pages

Interest: (Continued)
Charlotte National Bank, Charlotte, N. C., reply on payment of
on time certificates issued prior to June 16,
bank should terminate if it legally can
11/15
Competition, complaint of First National Bank of Buffalo, Ky.,
that bank is in competition with State banks paying in excess of 3% interest
100
(See also Federal Deposit Insurance Corporation, Interest)
Dallas, City of, reply to Governor McKinney that law does not appear to require payment of, on demand deposits
101
Demand deposits of public funds, advice to 2AAgents on payment
by banks applying for membership in FRSystem
11/20
Deposits of daily balances by Clinchfield Railroad Co., Erwin,
Tenn., reply to Mr. Sanders on payment of
11728
Deposits, reply to r. Clerk on regulation limiting rate and
stamping on certificates that rate is subject to
change
12/ 4
First National Bank of Birmingham, Ala., letter to
Newton on
whether payment of premium on bonds securing deposits of bankrupt estates is indirect payment
12/22
First National Bank, Guntersville, Ala., reply to request for
extension of effective date of maximum rate of
interest on time deposits under Regulation Q
11/20
First National Bank, Hugo, Calif., reply to 1.:r. Cminn on payment
of in excess of maximum on sayings deposits until
Dec. 31, 1933
12/19
First National Bank of Mobile, Ala., reply to id.. McAuley that
payment of fixed premium on bond securing deposits of City of Mobile does not constitute indirect payment of interest
12/ 8
First National Bank, Saltville, Va., reply on certificate of deposit that may be renewed after six months, interest ceasing after twelve months
102
First Security Bank of Boise, Idaho, rate on time certificates
of deposit are in excess of maximum, to be advised of Board's views
11/15
Gap National Bank and Trust Co., Gap, Pa., reply on payment on
certificates of indefinite maturity on which
bank reserves right to require 30 days' notice
of withdrawal, with interest
12/21
Indiana, reply to Mr. Mountjoy that absorption of tax by banks
does not constitute an indirect payment of
12/11
Macon Clearing House, reply to Messrs. Jones, Johnston, Russell
& Sparks on service charges on clearing out-oftown checks in connection with indirect payment
of interest on demand deposits
12/ 8
Merchants National Bank of Bangor, Me., reply to LI.. Stewart on
payment, on demand deposits of building and loan
associations
12/22
Ohio banks, absorption of State tax, reply to iJr. Creech that it
does not constitute payment of interest indirectly on demand deposits, question considered in conjunction with similar case of Kentucky banks, and
adverse ruling in latter case reversed
12/ 6
Oregon, reply to FRBank of San Francisco that payment on public
funds of, appears legal
12/ 8

144

186

364
173
239

287

558

188

469 1:

334

556

139

494's
367

334

556

311
338

59
Pages
Interest: (Continued)
Postal savings funds, ruling of FRBoard on payment on deposits
of, transmitted to FaAgents and letter to Mr.
11/20
Ellenberger
Rate in excess of maximum, reply to Er. Agnew in connection with
correspondence between Oregon Bankers Association,
First Security Corporation, United States Nation12/ 8
al Bank and others
St. Louis, funds of, reply to lir. Wood that Board agrees with
FRBank Counsel as to conclusion on requirement
102
of law with respect to payment of, on deposits
Savings deposits, computation, reply to New York State National
Bank with respect to request for uniform method 109
Second National Bank of Nashua, L. H., question of rate on de12/ 4
ferred deposits
Sinking funds established under trust agreement, reply to First
National Bank of ,iest Bend, Wis., on payment of
12/18
interest on
Thirty-day certificate of deposit, payment of 3% not violation of
Regulation Q even though reissued at or after maturity, no interest may be paid between maturity
11/15
and renewal, reply to Yr. Hale
Time certificates of deposit, reply to Osage Farmers National
101
Bank on payment in excess of maximum rate on
Time certificates of deposit, letter to ?Agents that forms of,
should show that rate may be modified pursuant
11/11
to changes made from time to time by FRBoard
.
(See also Forms)
Wisconsin, reply to FRBank of Chicago on apparent conflict between statutes of, and Regulation Q with regard
to payment of interest on funds paid into State
108
courts pending outcome of litigation
Interlocking directorates:
Applications:
Board advises FRAgents it will not take action toward termination of relationships until it has had time
12/29
to consider
Applications approved:
Ainsworth, J. C.
12/26
Alderson, Jno. W.
124/26
Allison, E. F.
101
Appel, Fred G.
108
Arnold, LI. A.
124/26
Backus, 1:lanson F.
108
Bailey, A. E.
101
Bailey, C. J.
103
Bailey, J. ii.
12/11
11/28
Ballantyne, John
Berg, C. I.I.
108
Bigelow, Ezra H.
102
Braswell, J. C.
124/26
Brooks, John H.
12/ 4
Cashin, Edward J.
101
Catlett, G. R.
102
Catlett, Kemp R.
108
Chamberlain, Frederick S.
12/21

183-6

337

388
468
286

430

140
110

108

429

644
578
579
372
253
579
623
372
445
372
253
446
388
579
291
372
389
445
498

60
Interlocking directorates: (Continued)
Applications approved: (Continued)
Clay, Ryburn G.
Cobb, 'W. R.
Colony, John J.
Crawford, W. W.
Cullen, R. J.
Davis, T. L.
Edgerton, Halsey C.
Engelbach, Herman
Estberg, Edward R.
Evans, Edgar H.
Frederick, D. A.
Frederick, S.
Frenzel, Otto h., Jr.
Gage, Robert
Gumbart, L. F.
Hardy, R. M.
Harkison, T. S.
Harte, R. G.
Hay, Logan
Hemingway, H. E.
Hicks, W. A.
Hollis, George C.
Hornbrook, Henry H.
Howard, Edward 0.
Humphrey, A. L.
Irwin, William G.
Kennard, Edward S.
Kingston, A. C.
Kristenson, Gordon
Marble, A. H.
McGuire, F. F.
McIntosh, C. K.
McMillan, James T., application to serve two Detroit banks
which are in competition, suggestion that permit
be granted for duration of special circumstances
involved, adopted
Approved, with understanding that he will resign from
one of two banks as soon as he may do so without
injury to interests concerned
McRae, R. J.
Miller, F. J.
Morley, George B.
Mullaney, E. E.
Norton, Joseph A.
Peabody, W. Rodman
Phillips, Levi B.
Rasmussen, S. J.
Rathje, Frank C.
Rieman, Charles E.
Ripley, Alfred L.
Rogers, Oliver H.
Safford, Percival H.
Sargent, Benjamin F.
Schaller, George J.

Pages

12/26
12/28
12/12
12/18
12/11
12/18
12/12
12/11
11/29
11/28
12/11
12/11
12/ 4
12/26
12/11
12/26
12/18
12/19
12/11
12/26
12/26
12/ 6
11/28
12/12
12/29
12/11
12/18
12/11
12/18
12/26
12/11
12/26

579
623
388
445
371
446
388
373
270
253
372
372
291
579
372
580
446
478
371.
580
579
313
252
389
645
372
445
372
448
579
373
578

12/18

444

12/26 577
12/19 478
12/12 389
11/29 270
12/12 389
12/12 388
12/12 388
12/22 565
12/18 446
12/18 445
12/28 623
12/12 388
12/18 445
12/22 565
12/12 389
11/28 253

61
Pages
Interlocking directorates: (Continued)
Applications approved: (Continued)
Scribner, Gilbert H.
12,/ 4
Shorts, B. Perry
101
Smith, Lloyd 1:i.
12,/26
Smith, IT, W.
12,/26
Snow, Les2ie P.
102
Spaulding, Huntley N.
12/22
Spaulding, Rolland H.
12/22
Sutliff, Warren
101
Swan, Henry, permit granted does not cover service to
Bankers Trust Co., Denver, which is understood
12,/29
to be in liquidation
Wells, Oscar
11/29
Vinson, Stuart
124/26
:iood, W. H.
12/22
Zimmerman, Louis S.
12/26
Clayton Act, Sec. 8A:
Amendment, notion of .,4r. James that Congress be asked for,
to exclude certain cases, comparable to that of
12,/ 6
Mr. Dillard, carried
FRBank directors, request of Mr. Szymczak for action to
be taken in addition to recommendation of amendment, reply to be prepared to report of Mr. 'ill103
hams on danger of losing certain directors
109
'Letter to all FRAgents presented and approved
Bishop First National Bank of Honolulu, T. H., reply to Mr.
Rea that applications must be filed and that
Board is not disposed to require resignations
until applications are acted upon
109
Directors of FRBanks and branches:
Applications under, statement on Form 94a unnecessary,
information to bo furnished
13/28
Advice to "Jr. Hoxton on, in reply to inquiry
12728
Applications present questions requiring careful
consideration, referred to District committees
12/28
Hollis, Allen, Class C at FRBank of Boston, State
Fire Insurance Co. will not make loans on stocks
and bonds in future, Clayton Act not applicable 105
Cincinnati Branch, advice from Mr. Williams on danger of
losing Messrs. Manning and Geier as directors because of provisions of, reply to be prepared
103
Reply that Board is to ask for amendment which may
become effective before provisions are applicable 109
Dillard, Paul L., FaBank of St. Louis, letter to Ijr.
Janes on applicability of section to, reply prepared by Lir. ayatt, consideration deferred
12,/ 6
(see also supra Amendment)
FABank of Cleveland, advice from Er. Williams that provisions of, are likely to cause loss of 1::r. Crabbs
as Class B, renly to be prepared
103
Reply that Board is to ask for amendment which may
become effective before provisions are applicablD12/19
FRBank of New York, applicability of, to Mr. Young and
101
Lir. Stevens, reply to Mr. Case
Ruling on applicability to, to be published in Bulletin 11,/ 6

291
373
578
580
565
565
565
371

645
270
579
565
579

299

394
472

477

242
244
613

135

394
471

298

394
471
368
38

Pages

Interlocking directorates: (Continued)
Clayton Act, Sec. 8A: (Continued)
Massachusetts cooperative banks, applicability to directors,
officers and employees of, who are serving national banks also, proposed draft of circular of
FRBank of Boston, redrafted by Board
11/11
Morris plan banks, reply to Mr. Parker on service of director
of, as director of national bank
11/28
National bank director who is also director of corporation
which makes occasional loans secured by stock
and bond collateral, reply to i.Ir. Stevens
11/20
National banks, reply to First National Bank of 'West Bend,
;Tis., that Sec. 8A is not applicable to directors and officers if stock only is held in corporation and no office is held
12/ 4
National Shawmut Bank of Boston, Mass., reply on applicability to directors of, who are partners in securities firm
102
New Britain National Bank, New Britain, Conn., applicability
to directors who serve also as officers, directors or employees of corporations making occasional loans to employees on own stock
101
Pennsylvania building and loan association, reply to FaBank
of Cleveland on construction of provisions in
connection with opinion that director could
serve, and advice that Board's letter of Nov. 10
did not alter letter of Sept. 11
11/28
Permit applications, request for view of Governor Calkins and
information with respect to applicants serving
FRBranch banks in connection with determining
compatibility with public interest
108
Railroad Credit Corporation, reply to Lr. Woodson that business will not fall within provisions of
108
Third National Bank, Nashville, Tenn., reply to Mr. Farris
on service of Mr. Craig and
Clements to
National Life and Accident Insurance Co.
4/28
Directors of Pittsburgh banks, reply to question of Lir. Fletcher
that several referred to have permits still in
force and information on others not clear as to
applicability of Sec. 8A of Clayton Act
12/ 4
FRBank of Cleveland, advice to Li. Williams on service of directors of branches of, as directors of State and
national banks
11/28
Interpretation of Clayton Act in connection with a number of inquiries, advice to FaAgents
11/ 6
Judgment notes of Carnegie Thrift and Loan Corporation, reply to
Campbell, Wick, Houck, Thomas and -Nixon that
they do not seem to fall under Clayton Act making directors ineligible to serve national banks 111 6
Liscellaneous:
Andrews, Charles E., Jr., service as director of four small
banks will make him ineligible for service to
national bank unless he secures permit, which
can cover only two other banks
11/ 6
Atterbury, William ;;., to file new application because of
Sec. 8A and revised Regulation L and forms
105

103
245

190

288

561

104

244

434
435

248

285

245
44

47
136

63
Pages
Interlocking directorates: (Continued)
iascellaneous: (Continued)
Bodine, Yfl.11jara W.., to submit new application because of Sec.
8A and revised Regulation L and forms
11/15
Boon, Campbell, request information from Mr. Curtiss on possible competition between two banks served and if
108
third bank is mutual savings bank
Clements, C. R., Third National Bank, Nashville, reply to Mr.
Farris on service also to National Life and Accident Insurance Co.
108
Craig, C. A., Third National Bank, Nashville, reply to Li'.
Farris on service also to National Life and Accident Insurance Co.
11128
Davis, Ralph 7i., reply to Mr. Wood as to service as director
of First National Bank of Geneva because he is
11/ 6
member of stock brokers firm
Directors of First National Bank of Birmingham, Ala., serving other national banks, reply to ,;:r. Persons
that permits issued prior to enactment of Sec. 8A
are still in force unless service is not covered 105
Directors of Guardian Trust Co., Houston, Texas, who are also
directors of South Texas Commercial National Bank,
advice to Mr. Baker that permits issued prior to
105
enactment of Sec. 8A are still in force
Dorrance, Arthur C., to submit new application because of
Sec. 8A of Clayton Act and revised Regulation L
and forms
105
Ingersoll, C. Jared, to submit new application because of
Sec. 8A of Clayton Act and revised Regulation L
and forms
105
Joshel, I:. A., president of iirst National Bank of Geneva,
reply to Lr. Wood on continued services as director of a building and loan association
11/ 6
Ketchum, Phillips, Board in agreement with FRBank of Boston
that as member of counsel for FRBank he should
not be considered as "officer, director or employee" and no permit is necessary
124/ 8
Lane, E. 1., reply to D... Newton that he cannot serve more
than two national banks in addition to Jacksonville branch
11/28
Lenhardt, Elgin h., new permit not necessary for service to
Bridgeport National Bank and Montgomery Trust Co. 11/ 6
LOMlan, James T., application for service to two Detroit
banks in competition, suggestion of :a'. Miller
that permit be granted for duration of special
circumstances involved, letter to be prepared
108
Approved, with understanding that he will resign from one
of two banks as soon as he may do so without injury to interests concerned
12,/26
Mills, Eduard K., should apply for permit to serve FRBank of
New York and other banks
12,/11
Miner, Edward G., furnished with application forms for service to Buffalo branch and other banks
12/11
Murray, Eugene, present permit still in force and unnecessary
to secure new one
101

136

434

246

138

137

136

137

338

245
44

444

577
370
370
371

Paces

Interlocking directorates: (Continued)
Miscellaneous: (Continued)
Patterson, George S., to submit new application because of
Sec. 8A of Clayton Act and revised Regulation L
11/15
and forms
Pending applications of Messrs. Atterbury, Schutt, Bodine,
Dorrance, Ingersoll and Patterson, new applications should be filed because of Sec. 8A of Clay105
ton Act and revised Regulation L and forms
Potter, William F., FRAgent at Boston requested to supply
further information in connection with report
102
on form 94
Rand, George F., noted that he has resigned from all direc101
torates except Buffalo branch and two banks
Richardson, C. B., reply on eligibility to serve as national
bank director in view of Sec. 8A of Clayton Act 109
Schutt, Harold S., to file new application because of Sec.
8A of Clayton Act and revised Regulation L and
105
forms
Smith, Henry h., new permit not necessary to cover services
to First 1\;ational Bank and Bank of Jamestown,
12/ 8
both of Jamestown, N. Y.
Spalding, Philip, reply to Mr. Curtiss that no new Permit is
necessary for services covered in existing permit, but necessary for services within provisions
of Sec. 32 of Banking Act of 1933
12/ 6
Sutliff, Warren, name of Fond du Lac State Bank of East Peoria, Ill., omitted from application, to resign
as president or not accept reelection, applica12/13
tion unnecessary in circumstances
Tabak, Samuel, new permit not necessary for service to Bridgeport National Bank and Montgomery Trust Co.
4/ 6
Toy, James F., reply to Mr. Stevens on service to ten na109
tional and seven State banks
Walrath, E. J., reply to Mr. Crysler that permit will not be
necessary for service to insurance company if
Peoples Bank of Evans 'all is admitted to membership
106
Welch, Andrew, reply to Mr. Newton on applicability of service as FRBank director and officer of lelch
Co., under Sec. 8A of Clayton Act
11/28
Resignation submitted, letter similar to that sent all
FRAgents to be sent to, and request to be telephoned to withhold resignation
12/28
Morris plan banks, reply to Jr. Parker on service of directors
11/28
of national banks under sec. 8A of Clayton Act
Permits, advice requested from FRAgents of action taken in accordance with request that outstanding permits be reviewed and recommendations submitted in cases
where revocation is desirable
101
Pittsburgh Thrift Corporation, reply to Sherriff, Lindsay, Weis
& Hutchinson that judgment notes even though secured by small amount of stocks and bonds would
make directors ineligible to serve national
banks and Board cannot grant permits
11/ 6
Regulation L, revised forms 94d and 94e sent to FRAgents to be
printed
4/20

137

136

564
370
476

136

339

310

399
44
675

577

247

614
245

498

48
189

65
Pages

Jenkins, Deyo and Hitchcock, payment of fee approved for services to
FRBank of New York in claim against State Bank
12/29 648
of Binghamton, N. Y.
Joint stock land banks:
Affiliated with State member and national banks, reply to Mr.
Newton on reporting on form 220-a and Comptrol101 102
ler's form 2130-e-1
J°nes, Johnston, Russell & Sparks: (See Macon Clearing House)
jtaian, I. A., Treasurer of U. S.: (See Treasurer of United States)
11-Kft

Kahn,
Alfred: (See State member banks, Union Bank, Little Rock)
411nginsmith, J. G.: (See Pennsylvania Bankshares and Securities
Corporation)
tILI1

Lancaster, William Waart: (See National banks, National City Bank of
New York)
Legislation:
Clayton Act:
Interpretation of law in connection with a number of inquir44
1V 6
ies, advice to FRAgents
Sec. 8A:
Amendment to exclude certain cases, comparable to that of
1,:r. Dillard, motion of Ia.. James that Congress be
asked for, carried, Counsel to prepare drafts of
12/ 6 299
letters to Congressional committees
FRBank directors, request of la.. Szymczak for action to
be taken in addition to reconmendation of amendment, reply to be prepared to Hr. Williams on
danger of losing Yr. Crabbs and Messrs. Manning
and Geier and letter to FRAgents to be prepared 103 394
Debentures and capital notes, inclusion as capital in connection
with membership requirements in FRSystem, Congress
15-8
13,/ 6
to be asked to clarify law
84
101
Advice to FRAgents
(See also Debentures)
Maine, proposed enactment of law under which Lerrill Trust Co.
may be organized, condition of membership amended as to legislation and opinion of Main Supreme
11/20 171
Court required as to constitutionality
Pennsylvania, fiduciary powers, bank must have surplus equal to
50)t of capital to exercise, stock reduction and
transfer of released funds to surplus approved for
First National Ban :xi Sharon, Pa., in anticipa12/22 543
tion of application
S.R. 75, compensation of officers and executive officers of
FRBanks and member banks, telegram to FRBank of
Atlanta on reporting for FRBank and similar tele4/28 204
gram to all other FRBanks
Lists:
Deposit liabilities of State banks, FRAgents requested to secure 12/26 575

Pages

Loans:
Alamo National Bank of San Antonio, Texas, to borrow from R.F.C.
and make loan to affiliate, Alamo National Co.
11/ 6
Banks borrowing 801 or more of the time, advice to FRBanks that
semi-annual reports on Form B-14 may be suspended
until further notice
12/26
Bonds of Home Owners Loan Corporation, reply to Mr. Townsend on
conditions under which FRBanks may accept as collateral for, and that rresident has not acted under Sec. 43 of Act approved May 12, 1933
12/21
Notes of executive officers, reply to ;Jr. aood as to whether new
bank, organized to take over assets of another
bank, may acquire when officers are to continue
with new bank
11/15
Peoples National Bank and Trust Co., White Plains, N. Y., to obtain loan from R.F.C. through affiliate
11/ 6

Macon Clearing House, reply to Messrs. Jones, Johnston, Russell &
Sparks on service charges on clearing out-oftown checks in connection with indirect payment of interest on demand deposits
12/ 8
Marble, A. h.: (See National banks, Stock Growers National Bank)
Marble, Charles 1.: (See Holding company affiliates, Seaboard National Securities Corporation)
Massachusetts:
Cooperative banks, proposed circular of FRBank of Boston on applicability of Sec. 8A of Clayton Act to directors,
officers and employees of, who also serve national banks, redrafted by FRBoard
11/11
McAuley, N. J.: (See National banks, First National Bank of Llobile)
McDonald, Frederick: (See National banks, New York State National
Bank)
McNary, Senator Charles L.: (See Branch banks, FRSystem, Portland)
Member banks:
Directors, qualifying shares of stock, reply to Mr. Minnich that
Board does not believe such shares should be
hypothecated, in reference to interpretation of
Sec. 31 of Banking Act of 1933
12/ 4
Membership in FRSystem:
Aliceville Bank and Trust Co., Aliceville, Ala., application
approved
101
American Bank and Trust Co., Suffolk, Va., application
American State Bank, Milwaukee, Wis., application approved
approvedd2
/2
',/
Angleton State Bank, Angleton, Texas, application approved
101
Applications:
Appreciation in securities, reply to Air. Yialsh on treatment
in light of general principles in letter of
September 11
124/11
Qualification of number before Board by Jan. 1, question
raised by Governor Black, to be acted on by Dec.
29, F.D.I.C. to inform Board which ones were to
be admitted to temporary insurance fund
12/28
Secretary's note that of 31 banks only three were not to
be admitted to F.D.I.C. fund and expectation of
Division of Examinations of acting on applications by Dec. 29
108

574

496

131
31

3341

103

289

80
59
630
490

348'6C

613

614

67
Pages
Membership in FRSystem: (Continued)
Applications: (Continued)
State banks whose applications are now on file with Division
of Examinations, report of Er. Paulger that most
applications will be acted on by end of year and
they have made application to
matter
of expedition referred to Governor with power
12/18 442
Secretary authorized to approve until Jan. 1, where clearly within Board's usual policy and to be entered
in minutes for Board's approval
109 455
Atoka State Bank, Atoka, Okla., application considered withdrawn 101 348
Banco di Napoli Trust Co., Chicago, Ill., reply to FRBank of Chicago that Mr. Young's letter reveals no reason
for modifying stand taken by Board previously
12/ 8 323
Banco de Ponce, Puerto Rico, examination next step, request of
Mr. Case for future policy of Board on admission
of extra-continental banks, to submit all information to Board for decision as to whether
examination should be made
11/15 147
Inquiries of representatives at FRBank of New York, Mr. Young
and Governor Harrison appointed to take up matter,
no objection to FRBank making survey of conditions in Puerto Rico
11/26 199-200
(See also infra Banks outside of U. S.)
Banco de Puerto Rico, an Juan, Puerto Rico, representatives make
inquiry at FRBank of Lew York concerning, Governor Harrison and 1:r. Young appointed to take up
matter, no objection to FRBank making survey of
conditions in Puerto Rico
11/28 199-200
(See also infra Banks outside of U. S.)
Banco Popular de Puerto Rico, inquiry of representatives at FRBank
of New York concerning, 1',1r. Young and Governor
Harrison appointed committee to take up matter
and no objection to FRBank raking survey of conditions in Puerto Rico
11/28 199-200
(See also infra Banks outside of U. S.)
Bank of Aberdeen, Idaho, application approved
12/29 630
Bank of Amityville, N. Y., application approved
4/28 208
Ban
of Bethlehem, Delmar, k4/
N. Y., application approved28 207
Bank of Canton, Ga., application approved
11/ 6
25
Extension of time granted for disposal of stockholdings in
Canton Cotton Mill
101 490
Bank of Carmel, Calif., application approved
11/11
80
Bank of Cattaraugus, N. Y., application approved
12/29 630
Bank of Elizabethtown, N. C., application approved
12/ 8 322
Bank of Elmira Heights, N. Y., application approved subject to
issuance of limited voting permits to First
National of Elmira Corporation and First National
Bank and Trust Company of Elmira
12/29 653
Permits granted
12/29 653-7
Bank of Halifax, Va., application approved
11/28 207
Bank of LaCrosse, Va., application approved
11/11
78
Bank of tlarysville Co., Marysville, Ohio, application approved
subject to issuance of limited voting permit to
BancOhio Corporation
12/22 537
Permit granted
12/22 537

PageS

Membership in FRSystem: (Continued)
102
Bank of Mount hope, VT. Va., application approved
12/29
Bank of Newman, Calif., application approved
limited
votBank of Rainelle, W. Va., application approved and
ing permit granted Meadow River Lumber Co., in
12/29
connection with
of,
comBank of Slidell La., Board will consider conditions
plied with within time granted if check for
13128
FRBank stock is collected in due course
101
Bank of Tolono, Ill., application approved
11/15
Bank of Willcox, Ariz., application approved
Bankers Commercial Trust Co., Little Rock, Ark., stock sold to
depositors or others, Board will not require
issuance of stock certificates prior to nation12/21
alization
Banks outside of U. S.:
Alaskan banks, Board desires review of available information
and recommendation of policies to be followed,
outline of information desired from examination
108
of First National Bank of Ketchikan
Policy as to admission raised by application of Puerto Rican
banks and Alaskan bank, examination difficulties,
FRAgents to submit information to Board for de105
cision as to making examinations
representatives
of,
at
Puerto Rican banks, inquiries of
FRBank of New York, 1:r. Young and Goverror Harrison appointed to take up natter, no objection
to FRBank making survey of conditions in Puerto
108
Rico, survey of Mr. Brown to be sent to FRBank
Opinion of Er. Case that study should be government or
System matter, letter advising of Board's action
of Nov. 28 not yet sent, suggestion that Er. Pole
102
be emploed for survey, adopted
Pole is willing to undertake
Report of Mr. James that Jr.1
work, Mr. Case in agreement, appointed examiner
and designated Special Adviser to Board, salary 103
Offer of Mr. Case to assign employees of FRBank of New
York to assist Jr. Pole, Messrs. Mitchell and
Lamb assigned, salaries and expenses to be paid
109
by FRBank
Bar Harbor Banking and Trust Co., Bar Harbor, Me., application
11/20
approved
amended
membership
concerning
Parker
loan
11
/28
Condition of
application
approved
103
Barton County State Bank, Lamar,
Bay City Bank & Trust Co., Bay City, Texas, application approved 11/20
Extension of time granted to complete conditions and request
109
for reasons for delay
12/20
Blenooe State Bank, Blencoe, Iowa, application approved
Bonds, surety, of officers and employees of applicant banks, advice to FRAgents on adequacy of
4/20
Bridgeport-City Trust Co., Bridgeport, Conn., application
approved
12/ 6
Extension of time for completion of conditions of, and condition concerning charge off of losses and depreci109
ation amended
11/11
Bristol County Trust Co., Taunton, Lass., application approved
Extension of time for completion of conditions of
103

539
630

630

210
346
124

491

412

147°4

199

380
396,1

453'4
171
209
398
170
457
480
172
301

632
60
398

69
Pages
MeMbership in FaSystem: (Continued)
Canton Trust Co., Canton, ;Ass., application approved subject to
issuance of limited voting permit to Old Colony
Trust Associates
109
Voting permit granted
109
Central Trust and Savings Bank, Sterling, Ill., application considered withdrawn due to liability on deferred
certificates of deposit issued to Naticnal
Co., papers to be retained
11/ 6
Citizens Bank, Inc., of South hill, Va., application approved
11/11
Citizens Bank of Locke, N. Y., application approved
105
Citizens Bank, Oneonta, Ala., application approved
108
Citizens hank and Trust Co., Big Timber, Mont., application
approved
101
Citizens Bank and Trust Co., Concord, N. C., application approved101
Modification of condition regarding removal of building and
loan association from bank building requested,
not clear whether request was made before acceptance of conditions
12/ 6
Citizens Bank and Trust Co., Ylobridge, S. Dak., application
approved
12/29
Citizens laitual Trust Co., Wheeling, W. Va., application
approved
12/11
Citizens State Bank, Pawnee City, hebr., application approved
11/ 6
Citizens State Bank and Trust Co., Goose Creek, Texas, application approved
lg/ 6
Clearfield Trust Co., Clearfield, Pa., application approved
12/29
Colorado State Bank, Denver, Colo., reply to 1.ir. McClure that
bank may not be considered as being situated
in outlying section of Denver
12/ 8
Commercial Bank Co., Celina, Ohio, application approved
12/26
Commercial Savings Bank of Sterling, Colo., application approved 100
Commercial Savings Bank, Carroll, Iowa, reply to Mr. Stevens
that contingent liability for waiver of deposits
does not constitute impairment of capital
101
Connecticut banks and mutual savings banks, opinion of Deputy
Attorney General that former can enter only under
agreement to withdraw prior to July, 1934, and
latter not at all, flr. Viyatt to prepare reply
to Bank Commissioner Perry
11/ 7
Reply in connection with opinion of Va... Averill, that Board
cannot approve applications subject towithdrawal agreements
11711
New Britain Trust Co., New Britain, Conn., FRBank stock not
to be issued unless unqualified consent of Bank
Commissioner is obtained
11/28
Appears necessary that stockholders also must approve
application
4/28
(Lee also infra New Britain Trust Co.)
Reply to Ir. Curtiss that there is no objection to informing
State member banks of situation
4/28
Cortland Savings and Banking Go., Cortland, Ohio, application
approved
11/28
Dakota State Bank, .bakota, Minn., application approved
11/11
Demand deposits of public funds, advice to ZRAgents on payment
of interest by banks applying for
11/20

648
649

27
79
125
410
346
80

304
659
346
25
302
630

325
569
480

347

209
211

211
207
80
173

Pages

Membership in FRSystem: (Continued)
Depositors Trust Co., Augusta, Le., application approved subject
also to approval of Comptroller of establishment
and operation of nine branches, letter to Comp12/ 4 2774
troller
Eligibility:
Debentures and capital notes:
Capital, question again brought up of inclusion of those
issued to R.F.C. in, memo of F.D.I.C. and of Mr.
Vest, motion of Mr. Miller that they be included
and Congress asked to clarify, carried, :r.
15-8
11,/ 6
Bruere to be informed
84
11/11
Advice to F;ZAgents of reconsideration
Condition numbered 15, reply to 11-. ,ialsh that form substantially same as R.F.C. P.S. 2 would meet requirements of, provision should be made for in11128 212
crease in capital on retirement
Mr.
they
Hoxton that
FRBank stock subscription, advice to
4/28 212
must be included in determining amount of
(See also Debentures)
State bank in town of 16,000 eligible with 50,000 common
stock and ,50,000 proceeds from debentures sold
4/28 212
to R.F.C., reply to Mr. Newton
12/11 346
Fall River Trust Co., Fall River, Mass., application approved
Farmers and Merchants Bank of Lawrenceville, Va., application
approved
101
60
Farmers and Merchants Bank of Summersville, W. Va., application
approved
12/12 383
Co.,
Farmers & Merchants Bank & Trust
Hannibal, Mo., question of
policy raised by occupancy of same quarters by
building and loan association, Board will consider any additional information
12/28 6114
Farmers & Merchants State Bank, Carrollton, Texas, application
approved subject to issuance of limited voting
permits to Equitable Securities Co. and Lercantile National Bank at Dallas
12/29 657
Permits granted
12/29 658
Farmers and i_erchants State Bank, Ladonia, Texas, application
approved subject to issuance of limited voting
permits to Equitable Securities Uo. and to Mercantile National Bank at Dallas
12/29 657
Permits granted
12/29 656
Farmers and Merchants State Bank of Sacred Heart, Minn., application approved
13/11
80
Extension of time for compliance with conditions of
12/12 385
Farmers & Merchants State Bank of Shamrock, Texas, application
approved
11/11
80
Extension of time for accomplishment of admission
12/18 415
Farmers and Merchants State Bank of Springfield, Minn., application approved
12/22 539
Farmers and Merchants State Bank of aylie, Texas, application
approved subject to issuance of limited voting
permits to Equitable Securities Co. and to Mercantile National Bank at Dallas
12/29 657
Permits granted
12/29 658
26
Farmers Bank of Bellville, Ohio, application approved
13,/ 6

71
Pages
Membership in FRSystem: (Continued)
Farmers Bank of Nansemond, Suffolk, Va., application approved
108
Farmers Savings and Trust Co., Mansfield, Ohio, application
approved
101
Farmers State Bank of Denton, Mont., application approved
101
Farmers State Bank of Lostant, Ill., application approved
12/22
Farmers State Bank, Victor, Mont., application approved
11/28
Farmers-Stockgrawers Bank, Glasgow, Mont., application approved 12/20
FRBank stock, advice to 1,1r. Hoxton that debentures must be in" eluded in capital of applicant in determining
amount of subscription for
4/28
(See also Debentures)
Fifth Avenue Savings Bank Co., Columbus, Ohio, application approved subject to issuance of limited voting permit to BancOhio Corporation
Permit granted
12/22
First Bank of St. Manes, Idaho, application approved
102
First-Mason Bank, Mason, Ohio, application approved
12/ 8
First National Bank of Ketchikan, Alaska, policy raised as to
membership of banks in Alaska, examination difficulties, FRAgent to submit information on whether examination should be made
11/15
(See also supra Banks outside of U. S.)
Board desires review of available information on Alaskan
conditions, and recommendation on policies to
be followed, outline of information desired
from examination
108
First State Bank of Celina, Texas, application approved subject
to issuance of limited voting permitsto Equitable
Securities Co. and Mercantile National Bank at
Dallas
12/29
Permits granted
12/29
First State Bank of Chatfield, Ydnn., application approved
11/11
First State Bank of Libby, Mont., application approved
11/ 6
Extension of time granted for completion of
11/28
First State Bank of Rushmore, Minn., application approved
4/28
Extension of time for completion of conditions of
101
First Trust & Savings Bank, Moville, Iowa, Board cannot approve
application, suggestion that it be withdrawn
108
Guilford Trust Co., Guilford, Me., application approved
101
Guthrie County State Bank, Guthrie Center, Iowa, time for completion of, extended
11/28
Hadley Falls Trust Co., Holyoke, Mass., application approved
107
Harlan County Bank, Alma, hebr., application approved
11/20
Hartford-Connecticut Trust Co., Hartford, Conn., granting of
limited permit to vote stock does not indicate
approval of application
12/ 8
Hoyleton State and Savings Bank, Hoyleton, Ill., application
approved
101
Hyannis Trust Co., Hyannis, Mass., application approved
11/15
Extension of time for completion of conditions of, and condition 20 amended in connection with
12/18
Interest on demand deposits of public funds, advice to FRAgents
on payment by banks applying for
11/20
Iron and Glass Dollar Savings Bank of Birmingham, Pittsburgh,
Pa., application approved
101

615
346
80
539
208
480

212

537
537
539
322

147-8

412

657
658
80
26
210
206
491
411
345
210
584
171

332
80
125
412
173
490

Pages

Membership in FRSystem: (Continued)
Jerauld County Bank, ,iessington Springs, S. Dak., application
13/29
approved
n
Kane County Bank and Trust Co., L].burn, Ill., applicatio
12/ 8
approved
11/11
Le Grand Bank, Le Grand, Calif., application approved
subject
Licking County Bank, Newark, Ohio, application approved
to issuance of limited voting permit to BancOhio
102
Corporation
12/22
Permit granted
Condition 19 amended to provide that BancOhio Corporation
shall agree to leave deposit with institution
109
until liquid position improves
12/29
approved
n
applicatio
Wyo.,
Lusk,
Bank,
State
Lusk
11,/11
approved
n
applicatio
Ill.,
Chicago,
Bank,
State
Main
applicaMo.,
Louis,
St.
of
Company
Trust
&
Bank
ers
Manufactur
108
tion approved
12/29
Marengo Banking Co., Marengo, Ohio, application approved
Marquette Trust Co., Minneapolis, Minn., question of policy raised by occupancy of same quarters by national
bank and building and loan association, Board
108
will consider any additional information
Voting permit, limited, granted to Bank Shares Corporation,
prior to issuance Marquette Trust Co. shall ac12/29
cept membership conditions
n
Y.,
applicatio
N.
Massena,
Co.,
Trust
and
Banking
Massena
13/ 6
approved
11/15
approved
n
applicatio
Va.,
Richmond,
Bank,
Merchants
Mechanics and
subapproved
n
applicatio
Mass.,
Arlington,
Co.,
Menotomy Trust
ject to issuance of limited voting permit to Old
12/29
Colony Trust Associates
12/29
Permit granted
Merchants Bank of Winona, Minn., extension of time granted for
4/28
completion of
capital
as
to
20
amended
condition
and
extension,
Further
100
structure changes and charge offs
Bangor,
Me.:
Co.,
Trust
Merrill
Maine Real Estate Title Co., requirement that it be placed
in liquidation prior to admission to System waived and not to engage in any business except in
11/11
process of liquidation
amended,
ion
incorporat
for
n
legislatio
Condition regarding
placing of Merrill Securities Corporation in
liquidation meets condition No. 25, Board
13/20
waives requirement regarding Union Corporation
108
amended
of
membership
condition
bank,
of
old
Reorganization
Miami Deposit Bank Co., Yellow Springs, Ohio, application
12/29
approved
103
n
approved
applicatio
Mo.,
Monroe City Bank, Monroe City,
Montana Bank and Trust Co., Great Falls, Mont., application
11/11
approved
8
12/
approved
Monterey Bank, Monterey, Calif., application
applicaCalif.,
Monterey County Trust & Savings Bank, Salinas,
tion approved subject to approval of Comptroller
of branches at Carmel, Castroville and Monterey,
12/ 6
and letter to Comptroller

260
322
79

537
537

659
659
80
410
630

6114

640
26
126

646
649
210
481

1714
206
630
396
80
322

301

73
Pages
Membership in FRSystem: (Continued)
Mount Vernon Trust Co., Mount Vernon, E. Y., application
approved
13/29
Extension of time for completion of membership
12/27
Needham Trust Co., Needham, Mass., application approved subject
to issuance of limited voting permit to Old
Colony Trust Associates
12/29
Permit granted
12/29
New Britain Trust Co., New Britain, Conn., time for compliance
with membership conditions extended, FRBank stock
not to be issued unless unqualified approval of
State Bank Commissioner is obtained
13128
Approval of application by stockholders appears necessary
13128
Extension of time for completion of conditions of, with
notice that it is last to be granted and prescribing new condition
124/29
Notes of executive officers acquired by bank formed to take over
assets of another institution and which has applied for membership, reply to La.. Wood as to
possible violation of Sec. 22(g) of FRAct
11/15
Old Colony Trust Associates, Boston, Mass., four affiliates of,
Board cannot admit to membership until holding
company secures voting permit, request that requirement of not paying dividends while capital
is impaired be eliminated, not granted
124/13
Ossining Trust Co., Ossining, L. Y., application approved
la/ 6
Parish Bank and Trust Co., iZomence, Ill., application approved
12/11
Parker Bank and Trust Co., Cullman, Ala., application approved
101
Peconic Bank, Sag Harbor, E. Y., application approved
4/28
Peoples Bank of Bloomington, Ill., extension of time for completion of condition 19
4/ 6
Peoples Bank and Savings Co., Cincinnati, Ohio, application
approved
4/28
Extension of time for completion of admission to
12/18
Peoples Bank and Trust Co., Coshocton, Ohio, application
approved
11120
Peoples Savings Bank & Trust Co., Wilmington, N. C., application
approved
12/19
Peoples State Savings Bank of Kewanee, Ill., application
approved
105
Perry County Bank, New Lexington, Ohio, application approved subject to issuance of limited voting permit to
BancOhio Corporation
12/22
Permit granted
12/22
Personal Loan
Savings Bank, Chicago, Ill., application
approved
11,/ 6
Planters Bank and Trust Co., Hopkinsville, Ky., application
approved
12/29
Planters Bank & Trust Co., Thomaston, Ala., application approved 13120
Public funds, demand deposits, advice to all FRAgents on payment
of interest on, by banks applying for membership 13/20
Real Estate Trust Company of Philadelphia, Pa., application
approved
12/29
Richview State Bank, Richview, Ill., application approved
12/22
Riverview State Bank, Kansas City, Kansas, application approved la/ 4

259
584

648
649

209
211

632

131

392-4
302
346
80
208
27
205
413
171
457
125

537
537
25
630
171
173
630
539
279

74
Membership in FRSystem: (Continued)
Ronan State Bank, Ronan, Mont., application approved
Schuyler County State Bank, Lancaster, Mo., application approved
Seaside Bank, Westhampton Beach, N. Y., application approved
Receipt of form 83a properly signed and advice that incomplete form must remain in Board's files
Seat Pleasant Bank, Seat Pleasant, Md., application withdrawn
Seattle Trust Co., Seattle, gash., application approved
Security State Bank of Cannon Falls, Minn., application approved
Security State Bank of Houston, Minn., application approved
Security State Bank, Pearsall, Texas, application approved
Solano County Bank, Fairfield, Calif., application approved
Southern Ohio Savings Bank and Trust Co., Cincinnati, Ohio,
application approved
Sprague State Bank, Caledonia, Minn., application approved
Springfield Safe Deposit and Trust Co., Springfield, Mass.,
application approved
State Bank of Aurora, Minn., application approved
State Bank of Belle Plaine, Minn., application approved
Extension of time for completion of conditions of
State Bank of Ellenburg, Ellenburg Depot, N. Y., application
approved
State Bank of Gibbon, Minn., application approved
State Bank of Ontario, N. Y., application approved
State Bank of Springfield, Minn., application approved
State Bank & Trust Co., Beeville, Texas, FRBank counsel should
be satisfied in consideration of application
that agreements involved in any consolidation
will have no adverse effect on bank
Application approved
State banks assuming deposit liabilities of national banks, reply to Mr. McClure on understanding that Comptroller of the Currency requires such banks to
become members of FRSystem
banks,
letter
to flr. Jesse Jones that they may not be adState
mitted until applications have been approved by
Board and they have complied with conditions
Stoughton Trust Co., Stoughton, Mass., application approved subject to issuance of limited voting permit to
Old Colony Trust Associates
Permit granted
Thorndale State Bank, Thorndale, Texas, application approved
Tobacco Exchange Bank, Edgerton, Ms., application approved
Tryon Bank & Trust Co., Tryon, N. C., application approved
Tucker County Bank, Parsons, 14. Va., applications approved
Uintah State Bank, Vernal, Utah, application approved
Union Bank and Trust Company of Amelia, Va., application
approved
Union Bank of Winchester, Va., application approved
Union State Bank, East Bernard, Texas, application approved
Union Trust Company of Maryland, Baltimore, A.:
Reorganization discussed by Mr. Thomas and Governor Black
with representatives of, and of Dissenters Committee, changes to be made, Mr. Thomas to confer with Committee, action deferred
Report of 1!r. Thomas, Committee offered one suggestion

Pages

102 383
12/18 410
12/21 490
12/22
12/ 4
11/28
11/ 6
108
1.2/11
13/28

539
279
207
25
205
346
208

108
12/22

409
539

109
12/26
11/28
12/27

630
569
208
585

11129 260
11/28 208
11/20 170
12/20 480

101 347
109 457

12/19

458

11,/ 7

12/29
12/29
12/22
13128
11/11
11,/ 6
11/28

648
649
539
208
80
26
206

101
80
103 398
12/19 457

11/11
11/15

71
148

75
Pages
Membership in FRSystem: (Continued)
Union Trust Company of Maryland: (Continued)
Reorganization: (Continued
Mr. Miller favors approval, motion that application be approved subject to conditions, feeling of ii'.
James on value of stock and management, question
of liability on certificates of beneficial
interest, motion carried
11/15
Letter of approval, amendment to condition reducing maturity of debentures and interest not subordinated, approved
100
Condition 36 amended to provide for transfer of 93% instead of 975 of stock to City Certificates Corp. 11/29
(See also Holding company affiliates, City Certificates
Corporation)
Union Trust Company, St. Petersburg, Fla., application approved 12/20
Union Trust Company of Springfield, Mass., application approved 12/29
United Bank of Farmington, Mo., application made by organizers
approved if and when chartered by State
12/21
Utica Savings Bank Co., Utica, Ohio, application approved
12/13
Wadena County State Bank, 7iadena, Minn., application approved
11/28
Watkins State Bank, Watkins Glen, N. Y., application approved
subject to issuance of limited permits to First
National of Elmira Corporation and First National
Trust Co. to vote stock of
Bank
12/29
Permits granted
12/29
Wellesley Trust Co., Wellesley, Mass., application approved
12/19
West Branch Bank and Trust Co., Williamsport, Pa., application
of West Branch Trust Co. approved when merged
with Lycoming Trust Co.
12/22
West Side Trust Co., Newark, N. J., application approved
12/22
(See also Voting permits)
Williams Savings Bank, Williams, Iowa, application approved
105
Yellowstone Bank, Laurel, Mont., application approved
12/29
Merchant, Clyde D.: (See National banks, First National Bank of
Wenatchee)
Messenger service between Treasury building and Shoreham building,
employment of Jesse D. Smith to maintain regular 30 minute schedule
12/ 4
Minnesota Bankers Association, savings deposit pass book of national
bank, reply that rules quoted do not comply with
Regulation Q
11/11
Minnich, Robert L.: (See Prentice-Hall, Inc.)
Montauk property: (See Faank of New York, Real estate)
r.00re, Charles 1,, present at hearing on reorganization plan of
Equitable Trust Co., Atlantic City, N. J.
12/12
Morris plan banks, directors of, reply to Ia.. Parker on service as
directors of national banks under Sec. 8A of
Clayton Act
11/28
Mortgage banks, affiliated with State member and national banks, reply to Er. Newton on reporting on Form 220-a
and Comptroller's Form 2130-e-1
101
1
.:ortgage
and real estate companies:
Amityville Bond and Mortgage Co., Amityville, N. Y., reply to
First National Bank and Trust Co., Amityville, on
applicability of Sec. 32 of Banking Act of 1933 to
directors who also serve banks
11/11

148-50

152-4
260

480
659
490
398
206

653
653-7
456

536
535
125
630

274

112

374

245

102

105

Pages

Mortgage and real estate companies: (Continued)
Fitzpatrick Mortgage Co., information requested in connection
with temporary appointment of Mr. Fielder as
assistant examiner at FRBank of Kansas City
105 123
Mortgage
Co.,
Fremont,
Nebr.,
R.F.C.
in
reFremont
loan to, by
12/26 571
capitalization plan of Stephens National Bank
Keystone Mortgage and Investment Co., reply to Mr. McClure that
it is not affiliate of Commerce Trust Co., Kansas
109 474
City, within Sec. 20 of Banking Act of 1933
Maine Real Estate Title Co., affiliate of Merrill Trust Co., Bangor, Me., condition of membership that it be liqui81
11/11
dated prior to admission to FRSystem waived
Red River National Bank in Clarksville, Texas, to organize company to take over "other real estate" and to se93
cure loan from R.F.C.
101
Mortgages:
Muscatine Bank and Trust Co., Muscatine, Iowa, Board's permission
not necessary to assign note secured by real
estate mortgage
108 217
Mountjoy, E. E.: (See American Bankers Association)
Mutual savings banks:
Connecticut, opinion of Deputy Attorney General that they may not
enter FRSystem, Mr. Wyatt to prepare reply to Bank
11/ 7
56
Commissioner Perry
82
Reply approved
101
(See also Membership in FRSystem, Connecticut)
”Nu
National banks:
Alamo National Bank of San Antonio, Texas, stock reduction approved in plan involving sale of preferred stock,
loan to affiliated Alamo National Co. which will
be separated and loan from R.F.C.
13,/ 6
Articles of association, changes in
12/ 8
Albany National Bank, Laramie, Wyo., stock reduction approved in
plan involving sale of preferred stock to R.F.C. 109
American National Bank of Klamath Falls, Ore., stock reduction
approved in plan involving sale of preferred
stock to R.F.C.
12/27
American National Bank of Portland, Ore., voting permit for American National Corporation, question of necessity
for latter to vote stock of
101
(See also Voting permits, American National Corporation)
American National Bank of Sidney, Nebr., stock reduction approved
in plan involving sale of preferred stock to R.F.
C.
12/ 6
jaiver of requirement of cash contribution in plan, because
of impossibility of collecting
12/26
American National Bank and Trust Company of Valley City, N. Dak.,
common stock reduction approved in plan involving
sale of preferred stock or debentures
12/27
Aquidneck National Exchange Bank and Savings Company of Newport,
R. 1., stock reduction approved in plan involving
sale of preferred stock to R.F.C.
12/29

36
330
462

586

307
570

590

264

77
Pages
National banks: (Continued)
Arkansas National Bank of Hot Springs, Ark., stock reduction approved in plan involving sale of preferred stock
to R.F.C. and sale of certain assets
12/19
Baker-Boyer National Bank, Walla 7alla, :
- iashington, reply to Mr.
Davis on payment of time certificate of deposit
before maturity and on certificate issued to
Whitman College
12/28
Barnett iational Bank of Avon Park, Fla., application of Barnett
National Securities Corp. for permit to vote stock
of, approved conditionally
13111
Barnett National Bank of Cocoa, Fla., application of Barnett
National Securities Corp. for permit to vote
stock of, approved conditionally
101
Barnett National Bank of DeLand, Fla., application of Barnett
National Securities Corporation for permit to
vote stock of, approved conditionally
101
Barnett National Bank of Jacksonville, Fla., consent of bank
necessary in application of Barnett National
Securities Corporation for voting permit
11/11
Bendersville National Bank, Bendersville, Pa., stock reduction
approved in plan involving sale of preferred
stock
12/ 6
Bonner County National Bank of Sandpoint, Idaho, stock reduction
approved in plan involving sale of preferred
stock to R.F.C.
12/26
Branches, out-of-town:
Opinion of Attorney General on right to establish in California, South Carolina and Tennessee, request
consent of Comptroller to publish in 2RBulletin,
and advice to FRAgents
11,/ 6
Position of Comptroller that capital of head office is to be
considered as unit in establishment of, attention of Board called to by American Trust Co.
11/11
Broad Street National Bank, Red Bank, N. J., application for
cancelation of FRBank stock not made, not to be
required pending outcome of reorganization
100
Brockton National Bank, Brockton, :Ass., stock reduction approved in plan involving sale of preferred
stock to R.F.C. and others
108
Calistoga National Bank, Calistoga, Calif., stock reduction approved in plan involving sale of preferred stock
to R.F.C.
12/29
Caney Valley National Bank, Caney, Kansas, stock reduction approved in plan involving sale of preferred stock 4/ 6
Capital stock reductions, matter of expediting action on applications referred to Governor with power
Secretary authorized to approve until Jan. 1 where clearly
within Board's usual policy and to enter in
minutes for Board's approval
12/19
Central National Bank of Columbus, Nebr., stock reduction approved in plan involving sale of preferred stock to
R.F.C.12/22
Central National Bank of Minneapolis, Minn., common stock reduction approved in plan involving sale of preferred stock or debentures
12/27

576

305

571

174

222

671
35
443

455

545

590

Pages

National banks: (Continued)
Central National Bank of New Rochelle, N. Y., certificate of sur11/11
render of trust powers issued to
Charlotte National Bank, Charlotte, N. C., reply on payment of 45
interest on time certificates of deposit issued
11/15
prior to June 16, should terminate if able
Chase National Bank of the City of New York, R. Y.:
Branches, foreign, reply to 1.1r. Stern on acceptance of accounts and acting as correspondent for firms deal11/ 6
ing in securities
sale
of
involving
plan
in
proposed
reduction
Common stock
preferred stock to R.F.C., sufficiency of preferred stock questioned, discussed by representatives
12/27
of Comptroller's office, reduction approved
12/28
favor
action
of
in
recorded
being
of
Mr. Miller desirous
Citizens National Bank of Bedford, Ind., stock reduction approved
in plan involving sale of preferred stock to
12/19
R.F.C.
Citizens National Bank of Chicago Heights, Ill., stock reduction
approved in plan involving sale of preferred
11/28
stock to R.F.C.
Citizens National Bank of Evansville, Ind., fiduciary power application approved when merger with Citizens Trust
and Savings Bank is consummated and subject to
101
sale of preferred stook
reduction
stock
approved
Ark.,
Hope,
of
Bank
National
Citizens
in plan involving sale of preferred stock to
12/20
R.F.C.
stock
reduction
approved
Ill.,
Paris,
of
Citizens National Bank
in plan involving sale of preferred stock to
12/28
R.F.C.
reducstock
Citizens National Bank of Viahpeton, N. Dak., common
tion approved in plan involving sale of preferred
12/27
stock or debentures
approvreduction
Citizens National Bank of Waverly, N. Y., stock
12/29
ed in plan involving sale of new common stock
Co.
Trust
and
National
Bank
First
(See also Voting permits,
of Elmira and First National of Elmira Corp.)
Citizens National Bank of Webb, Iowa, stock reduction approved
in plan involving sale of preferred stock to
12/ 8
R.F.C.
Citizens National Bank and Trust Company of Ridgewood, N. J.,
stock reduction approved in plan involving sale
of preferred stock to R.F.C., convertible pre12/22
ferred stock to others and new common stock
City National Bank of Atchison, Kansas, stock reduction approved
in plan involving sale of preferred stock to
R.F.C.
11/28
City,
1.1o.,
authorized
City National Bank and Trust Co., Kansas
to exercise fiduciary powers on conversion from
City Bank and Trust (;o. and warning against
12/18
certain trusts of latter
Clark County National Bank of Vancouver, ';ash., permit granted
to United States National Corporation to vote
11/20
stock of
Va.,
Aoanoke,
application
Colonial-American National Bank of
for stock reduction disapproved
11/20

144

581'5
611

461

225

353

481

616

590
657

328

545

227

414

179
175

79
Pages
National banks: (Continued)
Commercial National Bank of Hillsboro, Ore., stock reduction
approved in plan involving sale of preferred
stock to R.F.C.
109
Commercial National Bank of Lakeview, Ore., stock reduction approved in plan involving sale of preferred
stock to R.F.C.
12/13
Board offers no objection to decrease in amount of preferred
stock to be sold
12/29
Commercial National Bank of Santa Ana, Calif., stock reduction
approved in plan involving sale of preferred
stock to R.F.C.
11/29
Commercial National Bank in Shreveport, Le., reply to :.1r. Embry
as to whether bank is holding company affiliate
of Rembert National Bank, Longview, Texas
Commercial National Bank of Sturgis, S. Dak., stock reduction
approved in plan involving sale of preferred
stock or debentures
12/27
Commercial National Bank, Uvalde, Texas, application of liquidating agent for cancelation of stock of MBank of
Dallas, approved
108
Continental Illinois National Bank and Trust Co., Chicago, Ill.:
Letter to Comptroller on condition of bank, discussion of
presenting copy to directors, Governor Black discussed with Mr. Simpson and his suggestion that
Messrs. Szymczak and Miller present to executive
committee
Statement of Governor Black that he had impressed on Mr.
Leavell importance of building up management,
Mr. Szymczak insisted on complete reorganization 11,./ 1
Executive committee to visit Washington, stockholders
cannot subscribe additional capital, Governor
Black to cooperate with committee on plans
Loss of deposits, reported by Governor Black to Board, Governor to confer with Board members as soon us
definite information is obtained from
Leavell
12/ 6
Secretary's note on telephone conversation of Mr. Szymczak with Mr. Leavell on Dec. 7, giving further
report on loss of deposits
12/ 6
Ranney, George A., discussion of Governor Black with Messrs.
Simpson and Leavell on Chairman of the Board,
suggestion of appointment of, necessity of building up management
11/ 1
Complete reorganization insisted upon by Li% Szymczak,
possibility of sale of preferred stock to R.F.C.,
Governor Black to cooperate with executive committee
11/ 1
Position tendered to, copies of letters to Comptroller
and R.F.C. and requent if selection meets approval of Board, letter of Mr. Sprague, Comptroller
requests action be deferred
11/28
Suggestion of Governor Black that Board indicate approval
of Mr. Ranney, Mr.Hamlin's amended motion lost,
Governor authorized to write letter to Mr.
Sprague according to his suggestion, explanation
of Mr. Szymczak's negative vote
12,/ 4

673

426
674

266

590

428

294

296

194

273

Pages

National banks: (Continued)
Continental Illinois National Bank and Trust Co.: (Continued)
Ranney, George A.: (Continued)
Advice from Mr. Sprague that R.F.C. is opposed to appointment and further consideration is useless
12/ 6
Draft of reply to Mr. Sprague indicating approval of appointment of 1.r. Ranney, motion that it be sent,
carried and explanation of negative votes of
Messrs. Hamlin, Szymczak and O'Connor
12,/ 6
Stock reduction, condition amended to provide that R.F.C.
purchase balance of issue of preferred stock
after shareholders have subscribed
11/28
Crescenta-Canada National Bank at Montrose, Calif., stock reduction approved in plan involving sale of preferred stock to R.F.C.
108
Crestwood National Bank in Tuckahoe, N. Y., approval of FRBank
stock application revoked and new application
approved
12/26
Dakota National Bank & Trust Company of Bismarck, N. Dak., stock
reduction approved in plan involving sale of preferred stock or debentures
12/27
Denver liational Bank, Denver, Colo., stock reduction approved
in plan involving sale of preferred stock to
R.F.C.
12/22
DeWitt County National Bank of Clinton, Ill., stock reduction
approved in plan involving sale of preferred
stock to R.F.C.
12/22
Directors, applicability of Sec. 8A of Clayton Act to, who are
also directors of corporations making occasional
loans secured by stock or bond collateral, reply
to Mr. Stevens
11,/20
Directors, reply to 1,1r. Parker on service also to Morris plan
banks, under Sec. 8A of Clayton Act
4/28
East Tennessee National Bank of Knoxville, Tenn., stock reduction approved in reorganization plan
12/ 8
Issue of FRBank stock approved when authorized to open for
business
12/19
Empire National Bank of St. Paul, Minn., common stock reduction
approved in plan involving sale of preferred
stock or debentures
12/27
Everett National Bank, Everett, Mass., stock reduction approved
in plan involving sale of preferred stock to
R.F.C. and sale of new common stock
12/ 4
Exchange National Bank of Olean, N. Y., stock reduction approved
in plan involving sale of preferred stock to
R.F.C.
103
Farmers and Merchants National Bank of Millbank, S. Dak., common
stock reduction approved in plan involving sale
of preferred stook or debentures
12/27
Farmers National Bank of Salina, Kansas, stock reduction approved11/20
Articles of association, changes in
12/11
Fiduciary powers:
Applications, matter of expediting action on, referred to
Governor with power
12/18
Secretary authorized to approve until Jan. 1 where clearly within Board's usual policy and to be entered
in minutes for Board's approval
12/19

294

295-6

230

573

590

546

544

190
246
328
464

590

281

399

590
178
356

443

455

81
Pages
National banks: (Continued)
Fiduciary powers: (Continued)
Permit must be granted by Board before exercising, letter to
Mr. Jones
11/ 7
Copy of letter sent to Comptroller
11/15
First and American National Bank of Duluth, Minn., common stock
reduction approved in plan involving sale of
preferred stock or debentures
107
First Citizens National Bank, Watertown, S. Dak., common stock
reduction approved in plan involving sale of preferred stock or debentures
107
First City National Bank of Floresville, Texas, stock reduction
approved in plan involving sale of preferred
stock to R.F.C.
4/29
First Farmers and Merchants National Bank, Troy, Ala., reply to
Mr. Anthony that Fox Henderson and Sons is not
holding company affiliate
12/20
First National Bank of Aberdeen, S. Dak., common stock reduction
approved in plan involving sale of preferred
stock or debentures
107
First National Bank of Albert Lea, Minn., stock reduction approved in plan involving sale of preferred stock or
debentures
12/27
First National Bank of Albion, Nebr., stock reduction approved
in plan involving sale of preferred stock to
R.F.C.
101
First National Bank, Albuquerque, N. Mex., conservator discharged,
Board revokes application for cancelation of
FRBank stock, necessary for bank to go into liquidation
11/11
First National Bank of Antioch, Ill., stock reduction approved
in plan involving sale of preferred stock to
R.F.C.
11/28
First National Bank of Bar harbor, 1.!e., common stock reduction
approved in plan involving sale of preferred
stock to R.F.C.
11/28
First National Bank of Bayard, Nebr., stock reduction approved in
plan involving sale of preferred stock to R.F.C. 12118
First National Bank of Belfast, ge., application for fiduciary
powers approved only in specific trusts of City
National Bank, action deferred on full powers
for one year
101
First National Bank of Birmingham, Ala., reply to Mr. Persons
that permits issued prior to enactment of Sec.
8A of Clayton Act are still in force and new permits need not be secured unless old ones do not
cover all of present services
11/15
Premium on bonds securing deposits of bankrupt estates, reply
to Mr. Newton on question of payment, constituting indirect payment of interest
12/22
First National Bank of Bonham, Texas, stock reduction approved in
plan involving sale of preferred stock to R.F.C. 101
First National Bank of boston, trusteeship holding stock of Old
Colony Trust Co. for benefit of shareholders is
not holding company affiliate
108

65
133

590

266

482

590

354

225

222
425

138

558
355

620

Pages

National banks: (Continued)
First National Bank of Bradenton, Fla., application for stock reduction, which had been deferred pending consideration of voting permit for First National Co.,
approved, plan involving sale of preferred and
new common stock
12/6
First National Bank of Brigham City, Brigham, Utah, stock reduction approved in plan involving sale of prefer108
red stock to R.F.C.
First National Bank, Buffalo, Ky., reply to Governor Martin on
complaint of 1.1r. Creal that State banks are paying 0 interest while his bank is allowed to pay
11720
only 3%
(See also Federal Deposit Insurance Corporation, Interest)
First National Bank of Centralia, .1,10., stock reduction approved 100
First National Bank of the City of New York, N. Y., applicability
of Sec. 32 of Banking Act of 1933 to officers
and directors of First Security Co., now in liquidation, reply to Mr. Welldon
12/ 8
First National Bank of Concordia, Kansas, stock reduction approved in plan involving sale of preferred stock to
R.F.C.
12/ 6
First National Bank of Cooperstown, N. Y., stock reduction approved in plan involving sale of new common stock,
and of preferred stock to R.F.C.
12/18
First National Bank if Coos Bay at Marshfield, Ore., stock reduction approved in plan involving sale of preferred stock to R.F.C.
12/22
Calif.,
stock
National
of
Crockett,
reduction
approved
First
Bank
in plan involving sale of preferred stock to
R.F.C.
12/18
First National Bank of David City, Nebr., stock reduction approved in plan involving sale of preferred stock to
R.F.C.
12/20
First National Bank of Deadwood, S. Dak., common stock reduction
approved in plan involving sale of preferred
stock or debentures
12/27
First National Bank of Dillon, Mont., common stock reduction approved in plan involving sale of preferred stock
or debentures
12/27
First National Bank of Dodgeville, Ms., stock reduction approved in plan involving sale of preferred stock to
R.F.C.
12/ 6
First National Bank of Elko, Nev., stock reduction approved in
plan involving sale of preferred stock to R.F.C. 12/19
First National Bank of El Segundo, Calif., reply to Mr. Sargent
as to whether Board would approve informal application of Security-First Co. for permit to vote
stock of bank to place in voluntary liquidation 11/11
First National Bank of Enumclaw, Wash., stock reduction approved
in plan involving sale of preferred stock to
R.F.C.
12/29
First National Bank of Fairbury, Nebr., common stock reduction
approved in plan involving sale of preferred
stock or debentures
1/27

308

426

186
176

340

307

420

549

427

482
590

590

307

463

672
590

83
Pages
National banks: (Continued)
First National Bank of Falls City, Nebr., stock reduction
approved
11/20
First National Bank of Floydada, Texas, stock reduction approved
in plan involving sale of preferred stock to
R.F.C.
114/28
First National Bank of Fontana, Calif., stock reduction approved
in plan involving sale of preferred stock to
R.F.C.
12/29
First National Bank of Fort Worth, Texas, stock reduction approved in plan involving sale of preferred stock to
R.F.C.
11/28
First National Bank of Freeport, Ill., application for full fiduciary powers, no new information submitted
that would justify approval
12/19
First National Bank of Garden Grove, Calif., stock reduction approved in plan involving sale of preferred stock
to R.F.C.
11/29
First National Bank of Gardner, Mass., stock reduction approved
in plan involvinG sale of preferred stock to
R.F.C.
12/18
First National Bank, Geneva, Ill., reply to Mr. Wood on service
as director of :r. Davis, member of stock brokers' firm, whether bank may make loans to partnership of which president is member and whether
Joshel may continue as director of building
and loan association
11/ 6
First National Bank of Granbury, Texas, stock reduction approved
in plan involving sale of preferred stock to
R.F.C.
12/29
First National Bank in Grand Forks, N. Dak., application for
fiduciary powers approved
11128
First National Bank, Grand Island, Nebr., reply to Mr. Alter on
payment of time certificate covering funeral expenses
11/28
First National Bank of Green River, Wyo., stock reduction approved in plan involving sale of preferred
stock to R.F.C.
109
First National Bank in Greenwich, Conn., stock reduction approved in plan involving sale of new comon
stock
12/12
First National Bank, Guntersville, Ala., reply to request that
effective date for bank to meet maximum interest
requirement of Regulation Q on time deposits be
extended to Jan. 1, 1934
13/20
First National Bank of Hampton, Iowa, amended application for
stock of FRBank of Chicago approved and previous
approval revoked
11/28
First National Bank of Hillsboro, N. Dak., common stock reduction
approved in plan involving sale of preferred
stock or debentures
12/27
First National Bank of Holtville, Calif., stock reduction approved in plan involving sale of preferred stock to
R.F.C.
12/19
First National Bank of Holyoke, Colo., stock reduction approved
in plan involving sale of preferred stock to
R.F.C.
11/29

177

229

639

228

459

266

416

671
218

240

463

384

188

231

590

464

265

Pages

National banks: (Continued)
First National Bank, Hugo, Calif., reply to Lir. Quinn on payment
of interest in excess of maximum on savings de12/19
posits until Dec. 31, 1933
11/15
First National Bank of Hynes, Calif., stock reduction approved
First National Bank of Jacksboro, Texas, stock reduction approved in plan involving sale of preferred stock to
12/22
R.F.C.
Williams on
First National Bank of Jackson, Ky., reply to
12/18
reserve record which is unsatisfactory
First National Bank of Kalispell, Mont., stock reduction approved
in plan involving sale of preferred stock or
12/27
debentures
approved
reduction
stock
Wash.,
iiennewick,
of
Bank
First National
in plan involving sale of preferred stock to
108
R.F.C.
First National Bank of Ketchikan, Alaska, question of policy
raised as to membership of banks in Alaska by
11/15
inquiries regarding membership in FRSystem
Board desires review of available information on Alaskan
conditions, and recommendation on policies to
be followed, outline of information desired
12/18
from examination
(See also Membership, Banks outside of U. S.)
First National Bank of Iamesa, Texas, stock reduction approved
in plan involving sale of preferred stock to
12/18
R.F.C.
in
approved
reduction
stock
Dak.,
S.
Lead,
of
First National Bank
plan involving sale of preferred stock or deben12/27
tures
in
approved
reduction
First National Bank of Logan, Utah, stock
plan involving sale of preferred stock to R.F.C. 12/18
First National Bank of Mandan, N. Dak., stock reduction approved
in plan involving sale of preferred stock or
12/27
debentures
reduction
approved
stock
Kans.,
Mankato,
in
Bank
First National
in plan involving sale of preferred stock to
12/ 8
R.F.C.
approved
reduction
stock
Mass.,
Mansfield,
of
Bank
First National
in plan involving sale of common stock to be paid
for out of guaranty fund and preferred stock to
12/29
R.F.C.
(See also Voting permits, Old Colony Trust Associates)
First National Bank of Mason City, Iowa, stock reduction approved in plan involving sale of preferred stock or
12/27
debentures
in
liquidation
placed
be
Bank,
to
Conn.,
Meriden,
First National
and assets and liabilities taken over by Hartford-Connecticut Trust Co.
12/ 8
approved
reduction
First National Bank of Mesquite, Texas, stock
in plan involving sale of preferred stock to
12/il
R.F.C.
and
be
liquidated
to
First National Bank, Middletown, Conn.,
assets and liabilities taken over by Hartford12/ 8
Connecticut Trust Co.

469-7
127

547
413

590

616

147-

412

426

590
426

590

329

651

590

332

355
352

85
Pages
National banks: (Continued)
First National Bank, Mobile, Ala., reply to Mr. McAuley that payment of premium in fixed amount on bond securing
deposits of City of Mobile does not constitute
indirect payment of interest
12,/ 8
First National Bank of Ebbridge, S. Dak., stock reduction approved in plan involving sale of preferred stock or
debentures
12/27
First National Bank of Monroe, Mich., stock reduction approved
and bank to proceed to complete surrender of
trust powers
1],/ 6
First National Bank, Monterey, Calif., Er. itork does not appear
to be holding company affiliate of, in connection
with nomination and election of directors of
FRBanks
108
First National Bank of Morris, Ill., stock reduction approved in
plan involving sale of preferred stock to R.F.C. 12/29
First National Bank of Mountain View, Calif., stock reduction
approved in plan involving sale of preferred
stock to R.F.C.
12,/ 8
First National Bank of Murray, Utah, stock reduction approved in
plan involving sale of preferred stock to R.F.C. 12/22
First National Bank of New Bedford, Mass., stock reduction approved in plan involving sale of preferred stock to
R.F.C. and local interests
109
First National Bank of the City of New York, L. Y., reply to Yr.
Wdadon on applicability of Sec. 32 of Banking
Act of 1933 to officers and directors who are
officers and directors of First Security Co.,
now in liquidation
12/ 8
First National Bank of Nutley, N. J., stock reduction approved
in plan involving sale of preferred stock to
R.F.C. and preferred stock and new common stock 12/18
First National Bank of Ogden, Utah, stock reduction approved in
plan involving sale of preferred stock to R.F.C.,
assumption of certain assets and liabilities of
six State banks of which five are to be operated
as branches, and limited voting permit granted
to First Security Corporation of Ogden
12/11
First National Bank of Okanogan, flash., stock reduction approved 105
First National Bank of Omaha, Nebr., stock reduction approved
4/20
Proposed amendments to articles of association meet Board's
condition imposed in approving stock reduction
12/ 6
First National Bank of Orange, Calif., stock reduction approved
in plan involving sale of preferred stock to
R.F.C.
12/29
First National Bank in Ord, Nebr., stock reduction approved in
plan involving sale of preferred stock to R.F.C. 12/ 6
First National Bank, Pacific Grove, Calif., Mr. Work does not
seem to be holding company affiliate of, in connection with nomination and election of FRBank
directors
11/28
First National Bank of Parlier, Calif., stock reduction approved 11/28
First National Bank of Perry, N. Y., stock reduction approved in
plan involving sale of preferred stock to R.F.C.
and holding company
12/18

334

590

235
670

331
550

668

340

422

357
127
177
308

672
308

235
229

421

Pages

National banks: (Continued)
First National Bank of Philip, S. Dak., common stock reduction
approved in plan involving sale of preferred
12/27
stock or debentures
First National Bank of Pittsfield, Me., application for fiduciary
109
powers approved
First National Bank of Rapid City, S. Dak., stock reduction approved in plan involving sale of preferred
107
stock or debentures
First National Bank of Red ding, Minn., stock reduction approved
in plan involving sale of preferred stock or
12/27
debentures
First National Bank in Richmond, Calif., stock reduction approved
in plan involving sale of preferred stock to
102
R.F.C.
First -National Bank of Rockland, Me., application for fiduciary
11/11
powers approved
First National Bank of St. Helens, Ore., permit granted to United
11/20
States National Corporation to vote stock of
First National Bank, Saltville, Va., reply on whether time certificate of deposit may provide that it shall be
payable either at expiration of certain specified
11/11
period or on not less than 30 days' notice
Reply to „Ir. Crafts on certificate providing that it may be
renewed at any time after six months and that
12/22
interest will cease after twelve months
First National Bank of San Angelo, Texas, reply to FRAgent at
Dallas relative to relations with First Mortgage
Loan Co., on question of status of latter as
12/ 6
"securities company"
approvreduction
Dimas,
Calif.,
stock
of
San
National
Bank
First
ed in plan involving sale of preferred stock to
R.F.C.
12/29
First National Bank of Sandoval, Ill., stock reduction approved
in plan involving sale of preferred stock to
R.F.C.
12,728
First National Bank of San Marcos, Texas, stock reduction approved in plan involving sale of preferred stock to
4/28
R.F.C.
First National Bank of Santa Rosa, N. Mex., stock reduction approved in plan involving sale of preferred stock
to R.F.C. and loan to separate corporation
12/22
First National Bank, Seattle, 'dash., ruling on interpretation of
"portion" in connection with payment of specified
amount of savings deposits without notice of with11/ 7
drawal, advice to 1;:r. Miner
First National Bank in Sharon, Pa., stock reduction approved, released funds to be transferred to surplus, letter
. . Williams that action was taken in anticito :a.
pation of application for fiduciary powers
12/22
(See also Legislation, Pennsylvania)
First National Bank of Springfield, Vt., stock reduction approved
in plan involving sale of preferred stock to
R.F.C.
108
First National Bank, Stafford Springs, Conn., to be liquidated
and assets and liabilities taken over by Hartford-Connecticut Trust Co.
12/ 8

590
458

590

385
87
179

109

556

309

872
570

226

546

543

420

332

87
Pages
National banks: (Continued)
First National Bank of Sterling, Kansas, stock reduction approved in plan involving sale of preferred stock to
R.F.C.
12/12
First National Bank of Stillwater, Okla., stock reduction approved in plan involving sale of preferred
stock to R.F.C.
12/27
First National Bank of Stromsburg, Nebr., stock reduction approved in plan involving sale of preferred stock to
R.F.C.
12/19
First National Bank in Tarpon Springs, Fla., request of Mr. L!cCrocklin for return of payment on FRBank stock,
because of withdrawal from organization, refund
to be withheld pending status of organization
1],/ 6
First Rational Bank, Throckmorton, Texas, report of continued deficiency in reserves and that they have now been
restored
12/18
First National Bank of Toppenish, 4ash., stock reduction approved in plan involving sale of preferred stock to
R.F.C.
12/29
First National Bank of Upper Sandusky, Ohio, stock reduction
approved in plan involving sale of preferred
stock to R.F.C.
12/18
First National Bank of Waco, Texas, stock reduction approved in
plan involving sale of preferred stock
12/22
First National Bank of Wamego, Kansas, stock reduction approved
in plan involving sale of preferred stock to
R.F.C. and loan from latter to mortgage company 12/22
First National Bank of aaterville, Me., application for fiduciary
powers approved only in specific trusts of Peeples-Ticonic National Bank, action on full powers
deferred one year
11/15
First National Bank of Watervliet, Mich., stock reduction approved in plan involving sale of preferred stock to
R.F.C.
12/ 8
Requirement of contribution by shareholders amended
12,/27
First National Bank of 'iienatchee, Wash., savings deposits, reply
to Mr. Merchant on rules of bank governing with
respect to conformity with Regulation Q
11/15
First National Bank of West Bend, Vis.:
Sec. 8A of Clayton Act is not applicable to officer or director of national bank who holds stock in corporation but is not director, etc.
12/ 4
Sinking funds established under trust agreement, reply to Mr.
Collins on payment of interest on
108
First National Bank of White Sulphur Springs, Mont., stock reduction approved in plan involving sale of preferred stock to R.F.C. and local interests
12/22
First National Bank of Winona, Minn., stock reduction approved
in plan involving sale of preferred stock or
debentures
12d/27
First National Bank of Wolcott, N. Y., capital to be reduced and
then increased through sale of preferred stock,
stockholders released from liability and criticism of officers who are directors
101

384

585

462

414

673

423
548

546

126

329
586

141

288
430

545

590

Pages

National banks: (Continued)
First National Bank and Trust Co., Amityville, N. Y., reply on
application of Sec. 32 to directors of Amityville
11/11
Bond and Mortgage Co. who also serve banks
First National Bank and Trust Company of Fargo, N. Dak., stock
reduction approved in plan involving sale of
12/27
preferred stock or debentures
First National Bank and Trust Co., Hamilton, Ohio, stock reduction approved in plan involving sale of preferred stock to R.F.C., present stockholders and
12/18
others
First National Bank and Trust Co., Muskogee, Okla., stock reduction approved in plan involving sale of prefer12/29
red stock to R.F.C.
First National Bank and Trust Co., New Haven, Conn., stock reduction approved in plan involving sale of preferred
108
stock to R.F.C.
First National Bank & Trust Company of Saugerties, H. Y., stock
reduction approved and to issue preferred stock 13/ 6
First National Bank and Trust Co., Yonkers, N. Y., application of
conservator for cancelation of stock in FRBank
12/18
of New York approved
First National Trust and Savings Bank of Fullerton, Calif.,
100
stock reduction approved
First National Trust and Savings Bank of San Diego, Calif., limited voting permit granted to San Diego First
National Co. to effect stock reduction of, letter to R.F.C. and question of status as holding
12/11
company affiliate of American Trust Co.
Stock reduction approved in plan involving sale of preferred
stock to R.F.C., cash contribution of sharehold12/11
ers, provided collateral indenture is amended
12/29
Condition 2 amended concerning cash contribution
Fort Vlayne National Bank, Fort Wayne, Ind., application for fiduciary powers approved, with warning against
trusts of Old-First National Bank and Trust Co. 12/11
Fort ;forth National Bank, Fort iiorth, Texas, stock reduction
11/15
approved
Changes in articles of association meet Board's requirement
12/11
as condition of stock reduction
Franklin National Bank, Franklin, Ohio, stock reduction approved
in plan involving sale of preferred stock to
12/19
R.F.C.
Fremont County National Bank of Canon City, Colo., stock reduc11/28
tion approved, further corrections needed
Gap National Bank and Trust Co., Gap, Pa., reply to Hr. Smith on
payment of certificates of deposit of indefinite
maturity on which bank reserves right to require
30 days' notice with interest and without
notice
12/21
stock
Minn.,
National
reduction
Bank
Red
of
Wing,
Goodhue County
approved
11/2o
12/11
Change in articles of association
stock
approvGrafton,
L.
Bank,
reduction
Dak.,
National
Grafton
ed in plan involving sale of preferred stock or
debentures
12/27

105

590

424

639

419
31

427
179

359.60

360
674

352
126
356

460
226

494-6
176
355

590

89
Pages
National banks: (Continued)
Great Falls National Bank, Great Falls, Mont., stock reduction
approved in plan involving sale of preferred
stock or debentures
12/27
Hamilton National Bank, Chattanooga, Tenn., reply to Llr. Shadden
that Bank of Spring City is an affiliate
12/19
Hamlin National Bank of Holcomb, N. Y., stock reduction approved
in plan involving sale of preferred stock to
R.F.C.
108
Hastings National Bank of Hastings, Nebr., stock reduction approved in plan involving sale of preferred stock or
debentures
107
Hollister National Bank, Hollister, Calif., Mr. Work does not appear to be holding company affiliate of, in connection with nomination and election of FRBank
directors
11/28
Holyoke National Bank, Holyoke,
stock reduction approved
in plan involving sale of preferred stock to
R.F.C.
12/18
Home National Bank of Brockton, Mass., stock reduction approved
in plan involving sale of preferred stock to
R.F.G. and present stockholders
13/28
Iowa-Des Moines National Bank and Trust Go., Des Moines, Iowa,
stock reduction approved in plan involving sale
of preferred stock or debentures
12/27
James River National Bank and Trust Company of Jamestown, N. Dak.,
stock reduction approved in plan involving sale
of preferred stock or debentures
12/27
Jefferson County National Bank, Watertown, N. Y., stock reduction
approved in plan involving sale of preferred
stock, Jefferson Securities Corporation is affiliate and question of severing connection
11/ 6
Amendment to plan, Board's approval not necessary
100
Stock reduction approved in plan supplementing recommendation of Comptroller on Oct. 6
Keene National Bank, Keene, N. h., stock reduction approved in
plan involving sale of preferred stock to R.F.C.
Labor National Bank, Paterson, N. J., certain assets to be purchased and liabilities to be assumed by National
Bank of America
Lackawanna National Bank, Lackawanna, N. Y., certificate of surrender of fiduciary powers granted
Lafayette National Bank of Brooklyn in New York, N. Y., stock
reduction approved in plan involving sale of
preferred stock to R.F.C.
108
Lawndale National Bank of Chicago, Ill., stock reduction approved
in plan involving sale of preferred stock to
R.F.C., and consolidation with affiliated Lawndale State Bank
12/26
Lewiston National Bank, Lewiston, Idaho, permission to conservator for cancelation of stock in 2RBank of San
Francisco
11/6
Liberty National Bank of Weatherford, Okla., stock reduction approved
11/20
Lincoln National Bank and Trust Co., Fort Wayne, Ind., stock re
duction approved in plan involving sale of preferred stock to R.F.C.
11/28

590
475

422

590

235

417

221

590

32
175
353
327

327
87

223

569

29
178

224

Pages

National banks: (Continued)
Louisa National Bank, Louisa, Ky., report of deficient reserves
11/11
for further six months, no action
cancelLynch National Bank, Lynch, Ky., previous application for
ation of stock in FRBank of Cleveland revoked
11/ 6
and new application approved
Mansfield Savings Trust National Bank, Mansfield, Ohio, application for fiduciary powers approved effective
when converted into, from Mansfield Savings Bank
12/29
and Trust Co.
Manufacturers National Bank of Troy, N. Y., stock reduction approved in plan involving sale of preferred stock
109
to R.F.C. and/or others
Merchants National Bank of Bangor, Me., reply to Mr. Stewart on
payment of interest on demand deposits of build12/22
ing and loan associations
Merchants National Bank of New Bedford, Mass., stock reduction
approved in plan involving sale of preferred
108
stock to R.F.C.
Merchants and Planters National Bank of Sherman, Texas, stock
reduction approved in plan involving sale of
4/28
preferred stock to R.F.C.
Meriden National Bank, Meriden, Conn., stock reduction approved
in plan involving sale of preferred stock to
12/18
R.F.C. if increased amount is sold
Middletown National Bank, Middletown, Conn., stock reduction
11/20
approved, further corrections needed
Midland National Bank and Trust Company of Minneapolis, Minn.,
stock reduction approved in plan involving sale
12/27
of preferred stock or debentures
fidufor
application
Fa.,
Wilkes-Barre,
Miners National Bank of
ciary powers approved, and letter to Comptroller
concerning weakness in trust department and in12/ 8
debtedness to bank of certain officers
J.,
stock
reduction
approvN.
Paterson,
America,
of
Bank
National
ed in plan involving purchase of assets and assumption of liabilities of Labor National Bank,
and sale of preferred stock to R.F.C., reasons
12/ 8
for reconsideration of previous disapproval
National Bank of Commerce, Astoria, Ore., question of necessity
of American National Corporation securing permit
11/11
to vote stock of
(See also Voting permits, American National Corporation)
National Bank of Huron, S. Dak., stock reduction approved in
plan involving sale of preferred stock or de12/27
bentures
in
approved
reduction
La
of
stock
Wis.,
Crosse,
National Bank
plan involving sale of preferred stock or de12/27
bentures
National Bank of New Jersey, New Brunswick, N. J., stock reduction approved in plan involving issue of first
101
and second preferred stock
National Bank of Tulsa, Okla., action on full fiduciary powers
further deferred until FRAgent, Executive Committee of FRBank, R.F.C. and Comptroller are
11/28
satisfied as to listed corrections

674

669

556

416

229

418
174

590

326

327

590

219

91
Pages
National banks: (Continued)
National Bank of Wilson, N. C., reply to Mr. Shackelford that
bank may not anticipate payment of time certificates of deposit
11/28
National Bank and Trust Co. of Port Jervis, N. Y., stock reduction approved, attention called to further corrections
11/28
National Bank & Trust Co., Sycamore, Ill., application for fiduciary powers approved when authorized to commence
business on conversion from First Trust and Savings Bank of Sycamore
12/11
National Citizens Bank of Canby, Minn., stock reduction approved
in plan involving sale of preferred stock to
R.F.C.
12/22
National Citizens Bank of Mankato, Minn., stock reduction approved in plan involving sale of preferred stock or
debentures
12/27
National City Bank of New York, N. Y., stock reduction in plan
involving sale of preferred stock to R.F.C. and
others, Mr. Perkins and Mr. Lancaster confer with
Governor Black and R.F.C. officials, recommendation of Jr. Case, application approved
11/28
National safety Bank and Trust Co., Lew York, L. Y., stock reduction approved in plan involving sale of preferred
stock
12/19
National Shawmut Bank of Boston, Mass.:
Purchase of bankers bills from, by FRBank of Boston, question
of necessity of Board's approval under Regulation
W22
Sec. 8A of Clayton Act and Sec. 32 of Banking Act of 1933,
reply to :r. Bucklin on applicability to directors
who are partners in securities firms
12/22
New Britain National Bank, New Britain, Conn., applicability of
Sec. 8A of Clayton Act to directors who also
serve corporations which occasionally make loans
to employees on own stock
101
New Public National Bank, Rochester, N. H., amended application
for stock in FRBank of Boston approved and previous approval revoked
108
New York State National Bank, Albany, N. Y., reply to Mr. McDonald on request for uniform method of computing
interest on savings deposits
109
Niagara County National Bank & Trust Co., Lockport, L. Y., stock
reduction approved in plan involving sale of preferred stock to R.F.C. and/or others
12/29
North Berwick National Bank, North Berwick, iLe., stock reduction
approved in plan involving sale of preferred
stock at premium, payment to be made from subordinated deposit and sale of new common stock
12/22
Northwestern National Bank of Litchfield, Minn., common stock reduction approved in plan involving sale of preferred stock or debentures
12,/27
Northwestern National Bank and Loan Co., Minneapolis, Minn., limited voting permit approved for Northwest Bancorporation in consolidation of Northwestern National
Bank and Minnesota Loan and Trust Co. into, request return of permit issued Oct. 25
12/27

241

223

351

544

590

195-6

459

555

561

104

427

466

668

541

590

594

Pages

National banks: (Continued)
Old National Bank of Centralia, Ill., stock reduction approved in
plan involving sale of preferred stock to R.F.C.
108
and others
reserve
deWash.,
Spokane,
&
Union
Trust
Co.,
Bank
National
Old
ficiency in February, no objection to waiver by
12/ 4
FRBank of San Francisco
Osage Farmers National Bank, Osage, Iowa, time certificate of
deposit, reply relative to those payable "six
or twelve months after date", payment of interest in excess of maximum rate and interpreta11/11
tion of parts of Regulation Q
Nebr.,
reply
Mr.
to
Nebraska
City,
Otoe County National Bank,
Stocker that certificate of deposit issued to
Judge covering unclaimed legacies of lost and
105
missing heirs cannot be paid before maturity
Pacific National Bank of San Francisco, Calif., stock reduction
approved in plan involving sale of preferred
12/19
stock to Reliance Securities Co.
Pascagoula National Bank of Moss Point, Miss., report of con108
tinuous deficiency in reserves
Peoples National Bank of East Brady, Pa., service of 141r. Andrews
as director of four small banks will make him ineligible for service to national bank unless he
13,/ 6
secures permit under Clayton Act
Peoples National Bank of Montclair, N. J., assumption of liabilities and purchase of assets of, by Montclair
108
Trust Co., no objection
Co.,
Ind.,
stock
reWashington,
Peoples National Bank and Trust
duction approved in plan involving sale of pre101
ferred stock to R.F.C.
Peoples National Bank and Trust Co., White Plains, N. Y., stock
reduction approved in plan involving now issue
of common stock, issue of preferred stock and
4/ 6
loan to affiliate by R.F.C.
Perth Amboy National Bank, Perth Amboy, N. J., stock to be reduced and then increased by sale of common stock
101
Pierre, S. Dak., Board does not favor form
Bank,
National
Pierre
of certificate of deposit maturing in six or
twelve months, on which depositor may secure payment, without interest, on 30 days' written
12/ 8
notice
Redfield National Bank, Redfield, S. Dak., stock reduction approved in plan involving sale of preferred stock
or debentures
12,/27
Red River National Bank in Clarksville, Texas, stock reduction
approved in plan involving sale of preferred
stock, formation of mortgage company to eliminate
101
other real estate, loan to latter from R.F.C.
Reductions of stock, letter to Mr. Jesse Jones that they are not
11/ 7
effective until approved by Board
11/15
Copy of letter sent to Comptroller
Recapitalization and reorganizatioh, letter to Mr. Jesse Jones
listing classes of cases which /art be submitted
11/ 7
to Board for approval
11/15
Copy of letter sent to Comptroller

424

279

110

142

463
218

438

354

31
91

336

390

95
64
133

64'6
133

93
Pages
National banks: (Continued)
Rembert National Bank, Longview, Texas, reply to 2,1r. Lmbry on
question of affiliation with Commercial National
101
Bank in Shreveport, La.
Reserves, reply to Li.. Worthington that no change appears necessary in formula for computation of, in connection
101
with Regulation Q
Rockville National Bank, Rockville, Conn., to be liquidated and
to resume as State bank, voting permit granted
to Hartford-Connecticut Co. and Hartford-Connecticut Trust Co. in connection with
12/ 8
St. Augustine National Bank, St. Augustine, Fla., application of
Barnett National securities Corporation for permit to vote stock of, approved conditionally
101
Safe Deposit National Bank of New Bedford, Mass., stock reduction approved in plan involving sale of preferred
•
stock to R.F.C.
108
St. Charles National Bank, horco, La., application of St. Charles
Bank and Trust Co. for original FRBank stock to
be issued in name of, approved, instructions for
revised application
108
Seaboard National Bank, Los Angeles, Calif., voting permit application filed by Seaboard National Securities
Corporation to vote stock of, lir. Browning notified that he may file objections
11/ 6
(See also Voting permits, Seaboard National Securities Corp.)
Second National Bank of Hamilton, Ohio, stock reduction approved
in plan involving sale of preferred stock to
R.F.C., stockholders and others
109
Second National Bank of Malden, Mass., stock reduction approved
in plan involving sale of preferred stock, half
to R.F.C. and half to be paid for from special
deposit
109
(bee also Voting permits, Old Colony Trust Associates)
Second National Bank of Nashua, N. H., question of rate of interest on deferred deposits
12/ 4
Second National Bank of New Haven, Conn., stock reduction approved in plan involving sale of new common stock
12/21
Security National Bank of Arkansas City, Kansas, stock reduction
approved in plan involving issue of preferred
stock, stockholders' contribution and absorption
of Union State Bank
101
Consolidation abandoned and condition amended accordingly
107
Security National Bank of Cheney, Wash., stock reduction approved in plan involving sale of preferred stock or
debentures
107
To be absorbed by Spokane and Eastern Trust Co., limited voting permit granted Northwest Bancorporation in
connection with, to be operated as branch
12,/27
Security National Bank and Trust Company of Faribault, Minn.,
stock reduction approved in plan involving sale
of preferred stock or debentures
107
Security National Bank and Trust Co. of Sioux Falls, S. Dak.,
stock reduction approved in plan involving sale
of preferred stock or debentures
12127
Souhegan National Bank of Milford, N. H., stock reduction approved in plan involving sale of preferred stock to
R.F.C.
108

113

331-3

417

231

460

652

286
492

93
586

590

595-9

590

419

Pages

National banks: (Continued)
South Texas Commercial rational Bank of Houston, Texas, reply to
Mr. Baker of Guardian Trust Co., Houston, that
interlocking directors may continue to serve
under permits issued prior to enactment of Sec.
10.6
8A of Clayton Act
State National Bank of Texarkana, Ark., stock reduction approved
in plan involving sale of preferred stock to
12/29
R.F.C.
Stephens National Bank of Fremont, Nebr., stock reduction approved in plan involving sale of preferred stock to
R.F.C. and loan by latter to Fremont Mortgage Co.12/26
Stewart National Bank of Livonia, N. Y., certificate of surren11/28
der of fiduciary powers
Stock Growers National Bank, Cheyenne, Wyo., reply advising Mr.
Marble of provisions of law relative to affilia11/28
tion with Stock Growers National Co.
Stockyards National Bank of South Omaha, Nebr., stock reduction
approved in plan involving sale of preferred
107
stock or debentures
Stockyards National Bank of South St. Paul, Minn., common stock
reduction approved in plan involving sale of preferred stock or debentures
107
Texarkana National Bank, Texarkana, Texas, stock reduction
approved
4/20
Third rational Bank, Nashville, Tenn., reply to Er. Farris on
service of Mr. Craig and Mr. Clements to National
Life and Accident Insurance Co. under Sec. 8A
13128
of Clayton Act
Third National Bank, Rockford, Ill., Federal farm loan bonds, reply to inquiry of Mr. Westerburg on whether they
may be accepted as collateral security for trust
11/11
funds in commercial department
Third Northwestern National Bank of Minneapolis, Minn., stock
reduction approved in plan involving sale of
preferred stock or debentures
11/27
Union National Bank of Donora, Pa., reply to Mr. Binns that application for fiduciary powers will be considered as
withdrawn but papers must remain with Board
101
Union National Bank of Wichita, Kansas, stock reduction approved
in plan involving sale of preferred stock to
R.F.C.
4/28
Union Stock Yards National Bank, Wichita, Kansas, stock reduction
approved in plan involving sale of preferred
stock to R.F.C.
12/8
United States National Bank of Galveston, Texas, stock reduction
approved in plan involving sale of preferred
stock to R.F.C., attention called to control of
Kempner family and concentration of loans
12/22
United States National Bank of McMinnville, Ore., permit granted
to United States National Corporation to vote
stock of
3.27/20
United States National Bank of Salem, Ore., permit granted to
United States rational Corporation to vote stock
of

137

871

571
220

236

590

590
176

246

590

67
227

330

547

95
Pages
National banks: (Continued)
Webster and Atlas National Bank of Boston, Mass., stock reduction approved in plan involving sale of preferred stock to be financed by loans from R.F.C.
and question of dividend rate
11/29
Wyoming National Bank of Casper, Wyo., stock reduction approved
in plan involving sale of preferred stock to
R.F.C.
11/28
Newell, Sterling: (See FRBank of Cleveland, Staff, Squire,Sanders,
and Dempsey)
NeameMber banks:
Commercial Savings Bank, Carroll, Iowa, reply to Mr. Stevens that
contingent liability for waiver of deposits does
not constitute impairment of capital
12/11
Debentures and capital notes issued to R.F.C., position of banks
that if they cannot be considered as capital it
would be useless to seek membership in F.D.I.C. 11/ 6
(See also Debentures)
Dollar Savings and Trust Co., dheeling, W. Va., proposed merger
with -iiheeling Bank and Trust Co., no objection
11/28
(wee also Consolidations)
Essex Title Guaranty and Trust Co., Montclair, i. J., no change
in scope of functions of Montclair Trust Co. as
result of purchase of assets of, and assumption
of liabilities
11/28
First State Savings Bank, Hillsdale, Mich., merger with Hillsdale
Savings Bank to form Hillsdale State Savings
Bank, no objection
11/28
Idaho banks, affiliates of First Security Corporation, proposed
merger with three member banks into First Security Bank of Idaho, Boise, of 13 nonmembers
11/15
(See also State member banks, First Security Bank of Idaho)
Membership in FRSystem:
Applications must be approved by Board and conditions complied with before admission, letter to Mr. Jones 11/ 7
Copy of letter sent to Comptroller
11/15
Debentures and capital notes issued to R.F.C., question
again brought up as to inclusion in capital necessary, to be included and Congress asked to
clarify law
11/ 6
Advice to FRAgents of reconsideration
11/11
Peoples First Avenue Bank, Seattle, Viash., absorbed by Peoples
Bank and Trust Co., no objection
11/28
Peoples North Seattle Bank, Seattle, ,:ash., absorbed by Peoples
11/28
Bank and Trust Co., no objection
Raleigh County Bank, Beckley, W. Va., reply to Mr. Hedrick on
charges for collecting checks and other items
12/11
Reorganization and recapitalization, letter to Mr. Jesse Jones
listing classes of cases which must be submit11/ 7
ted for Board's approval
11/15
Copy of letter sent to Comptroller
St. Charles Bank and Trust Co., Norco, La., application for
stock of FRBank of Atlanta in name of St. Charles
National Bank approved, instructions for revised
application
11/28
(See also National banks)

264

227

347

215

214

216

128-31

65
133

15-8
84
217
217
366

64-6
133

231

Pages

Nonmember banks: (Continued)
Union State Bank of Arkansas City, Kansas, absorbed by Security
101
National Bank of Arkansas City
North Carolina Bankers Association, bulletin summarizing Regulation
Q, Board not prepared to review, inaccuracies
pointed out and advice that Bankers Code of Fair
11/15
Competition is not in Board's province

140

Open market operations:
FRBank of Boston, resolution of directors not to commit bank to
participation in program, but willing to be of72
4/11
fered portions of purchases
Purchase of bankers' bills from National Shawmut Bank, question of necessity of Board's approval under
12722 555
Regulation 11
Fourth 4e0 bonds, request of Executive Committee of Federal Open
Market Committee for authority to convert all or
part of, noted from minutes of meeting of Oct. 25
101 116
and request for replies from FRBanks
Minutes of meeting of Federal Open Market Committee on Oct. 10
submitted, addition of action of Executive Committee in purchasing :05,000,000 government
securities suggested
11/11 114
Open market policy, memo of, suggestion that item be included
in minutes of Oct. 10 meeting of Federal Open
101 116
Market Committee
Oregon:
Public funds deposits, reply to FRBank of San Francisco that pay12/ 3 338
ment of interest on appears legal
Oregon Bankers Association: (See Interest, Rate)
npfl
Pennsylvania Bankshares and Securities Corporation, Pittsburgh, Pa.,
reply to Mr. Klinginsmith on applicability of
Sec. 32 of Banking Act of 1933 to directors of
109 473
Pension plan:
FRBanks, advice to all Governors on vote of Governors' Conference
in connection with retaining officers or employees on rosters to preserve eligibility under any
plan adopted
102 334
(See National banks, National City Bank of New York)
Perkins, J.
Persons, J. C.: (See National banks, First National Bank of Birmingham, Ala.)
Philadelphia Clearing House:
Regulation Q, interpretation for Mr. Gest of Clearing House rule
on payment of unmatured time deposits
11/28 238
Pittsburgh Thrift Corporation, reply to Sherriff, Lindsay, ;leis
Hutchinson that judgment notes secured by small
amount of stocks and bonds would make directors
ineligible for service to national banks
11/ 6
46
Pole, John
Membership of banks outside of U. S.: (See Membership, Banks
outside of U. S.)

97
Pages
Postal savings deposits:
Custody of bonds for security, reply to Treasurer that FRBanks
are willing to undertake for member banks but
reserve right to require reimbursement of ex11/28
penses, request tentative form of agreement
Interest on, ruling of FRBoard, transmitted to FRAgents and
11/20
letter to 1,:r. Eilenberger
aetstone, 1. S., reply that Board cannot express opinion on
radio statement that deposits are safer than
those of banks and building and loan associa4/28
tions
Premium payment on bonds:
Security for deposits of bankrupt estates, letter to Mr. Newton
on question of payment constituting indirect pay12/22
ment of interest
Security for deposits of City of Mobile in fixed amount by First
National Bank, Mobile, Ala., reply to Mr. McAuley
that transaction does not constitute indirect
12/ 8
payment of interest
Prentice-Hall, Inc., New York,
Y.:
Qualifying shares of directors of member banks, reply of Board
to Mr. Minnich that Board does not believe they
should be hypothecated
12/ 4
Rulings of FRBoard, reply to Mr. Minnich that those which appear
in FIBulletin are only ones Board can undertake
13/ 6
to furnish
President of the United States:
Dollar devaluation:
Conference with Governor Black, LIr. Morgenthau, Mr. Cummings,
and IJr. Oliphant on securing profit to Government on FRSystem gold if devaluation takes place,
time granted Governor Black to offer objections 105
No objection to Governor Black discussing matter with
105
Governor Harrison and FRBoard
Report of Governor Black of submission of objections, and
attendance later at conference, President and Li%
Morgenthau desirous of taking title to gold, Governors Black and Harrison urge Congressional action, suggestion that Governors' Conference be
called
12/20
Report of Governor Black that President had agreed to
seek legislation to seize FRSystem gold
109
(See also Dollar devaluation)
Profit and loss statements: (See Earnings and expenses)
Publications:
Articles for year-end publication, advice to FRAgents that Board's
position remains unchanged
108
FRBulletin: (See FRBulletin)
"Whose Gold? Whose Profit?", reply to Congressman Christianson
12/11
on statements contained in
Puerto Rico:
Membership in FRSystem of banks in, question of policy raised by
1,1r. Case in regard to application of Banco de
Ponce, Board should not take position that it
will not admit extra-continental banks
11/15
(See also Membership in FRSystem, Banks outside of U. S.

249
183-6

248

558

334

289

402
403

485-6
677

435

367

147-8

Pages

98
Nt1

Quarters of FRBoard:
Division of Examinations, Lir. Paulger authorized to negotiate for
11/20
additional space in Shoreham Building
in
space
Shoreham
additional
Report of nr. Paulger of further
Building, referred to Mr. Morrill and Mr. Paulger
11/20
for consideration and report
Quinn, J. L.: (See National banks, First National Bank, Hugo)

162

162-3

?IR!?

Railroad Credit Corporation, reply to 1.1r. Woodson that business will
not fall within provisions of Sec. 8A of Clayton
12/18
Act
Ranney, George A.: (See National banks, Continental Illinois National Bank and Trust Co.)
Ransom, Ronald: (See American Bankers Association, Atlanta)
Rates:
FRBank of Atlanta:
11/15
Effective buying rates, schedule established
11/11
Schedule of discount and purchase
105
12/11
FRBank of Boston:
11/ 6
Rediscount, established at 2%
11/ 6
Schedule of discount and purchase
11/20
12/4
12/18
12/28
FRBank of Chicago:
11/28
Schedule of discount and purchase
12/19
FRBank of Cleveland:
11/20
- -5 approved
Minimum buying rate of 1
11/11
Schedule of discount and purchase
12/11
FRBank of Dallas:
Advances to individuals, partnerships and corporations, established at 4%, does not comply with requirements of law, Board to note no change until
11/11
next directors' meeting
Advances to nonmember banks, etc., established at 4%, does
not comply with law, Board to note no change
11/11
pending next directors' meeting
Established at 4%, approved
12/ 8
Advances under Sec. 10(b) of FiAct, established at 4%, does
not comply with law, Board to note no change
pending next directors' meeting
11/11
Established at 4e, approved
12/ 8
Advances under Sec. 13 and 13a of FRAct, no change in rate,
other changes not in compliance with FRAct
101
12,/ 8
Board notes no change with approval
11/ 6
schedule
of
Effective buying rates, establishment

433

119
74
119
344
20
20
162
273
404
615
201
456
161
74
344

73
319

73
319
73
319
21

99
Pages
Rates: (Continued)
FRBank of Dallas: (Continued)
Rediscount, no change, other changes not in compliance with
law
Board notes no change with approval
Schedule of discount and purchase
FRBank of Kansas City:
Schedule of discount and purchase

FRBank of Minneapolis:
Schedule of discount and purchase

11/11
12,/ 8
171 6
101

73
319
21
73

11111
11,./28
12,/ 8
12/21

74
201
318
489

105
12/12

120
381

FRBank of New York:
Minimum authorized buying rate, reply to Mr. Case on changes
since February 16, 1933, rate which he believed
still in force and procedure for future
105
Schedule of discount and purchase
11,/ 6
11/11
11/20
11/28
12,/ 4
1V 8
108
102
12/29
FRBank of Philadelphia:
Minimum authorized buying rate of k; approved
11/29
Rediscount, established at 2-k:'
11115
4/ 1
Schedule of discount and purchase
11/15
12,/ 6
12/21
FRBank of Richmond:
Schedule of discount and purchase
17111
12/ 8
FRBank of St. Louis:
Schedule of discount and purchase
11/ 1
105
12,/ 6
12/20
FRBank of San Francisco:
Rediscount, established at 2:11,
11/ 6
Schedule of discount and purchase
11/20
12,/ 8
12/22
Rea, George P., reply that directors of Bishop First Eational Bank
of Honolulu, T. h., must file Claytion Act applications but that Board will not require resignations until applications have been acted upon
109
Real estate business:
Lluscatine Bank and Trust Co., Muscatine, Iowa, unnecessary to secure Board's permission to assign without recourse a note secured by real estate mortgage
11/28

120
21
74
161
201
273
318
404
534
628
259
119
12
119
301
489
74
318
12
120
301
480
21
162
318
534

477

217

100

Pages

Real estate companies: (See Mortgage and real estate companies)
Recapitalization of banks:
National and State member banks, letter to W.r. Jesse Jones listing classes of cases which must be submitted to
12/ 7
Board for approval
Letter to Comptroller enclosing copy of, and on arrangements
for closer cooperation between Board and Comp11/15
troller and R.F.C.
Reconstruction Finance Corporation:
Debentures and capital notes purchased from State banks, question of inclusion in capital 'n connection with
membership: (See Debentures)
Fiscal agency operations of FRBank of New York for, in distributing obligations for payment in gold: (See
FRBank of Neu York)
First Security Bank of Idaho, Boise, Idaho, merger of three member and 13 nonmember banks into and establishment
of 15 branches, approved, and sale of preferred
11/15
stock to Corporation
Jones, Jesse, Chairman, present at conference between Governor
Black, directors of F.D.I.C. and lir. Bruere in
connection with reconsideration of inclusion of
debentures and capital notes in capital of State
banks as requirement for membership in System
11,/ 6
(See also Debentures)
Preferred stock, subscriptions to: (See Stock, preferred)
Reorganization and recapitalization of banks, letter to Jr. Jones
listing classes of cases that require approval of
Board
12/ 7
12/15
Copy of letter sent to Comptroller
Rediscounts:
Earnings and expense and profit and loss statements of FRBanks,
Board will authorize charge to surplus to cover
losses on discounted bills only in case losses
have been definitely determined
102
FRBanks instructed to employ method of showing on published statements adopted by Board
108
FRBank of Boston, authorized to set aside reserve to cover
possible losses on
12/29
,•
Regulations:
Federal Deposit Insurance Corporation:
Advertising, copy sent to FRAgent at Cleveland in connection
.with method of dealing with Peoples Savings Bank
4/28
Co., Delta, Ohio
FRBoard:
L, Interlocking Directorates, revised forms 94d and 94e sent
to FRAgents for printing
12/20
Q, Interest on deposits:
Bulletin of Worth Carolina Bankers Association summarizing, reply to Mr. Brown that Board is not prepared to review or express opinion, inaccuracies
pointed out
4/15
Interpretations of, for Li.. Gest of Fidelity-Philadelphia
Trust Co. and Philadelphia Clearing House as to
withdrawal notice in savings pass book, loans on
savings accounts and Clearing House rule on payment of time deposits before maturity
12/28

64-6

133

129

64'6
133

560
621
642

249

189

140

237°9

(-9

101
Pages
Regulations: (Continued)
FRBoard: (Continued)
Q: (Continued)
"Portion", suggestion of DuBois Clearing House Association, DuBois, Pa., that interpretation be liberalized to permit maximum withdrawal without
notice, of f,)100, reply
R, Relations with Dealers in Securities:
"Correspondent bank", reply to Ir. Case, in connection
with certain bond transactions of Bank of the
Manhattan Co., as to construction of
Permits, advice to FRAgents on sufficient detail in answering questions on application form 99c
Relations with dealers in securities:
Amityville Bond and Mortgage Co., Amityville, N. Y., reply to
First National Bank and Trust Co. on application
of Sec. 32 to directors of mortgage company who
also serve banks
Applications for permits, Board advises FRAgents that it will
take no action toward termination of relationships until applications have been considered
Bank of the Manhattan Co., New York, N. Y., reply to Mr. Case
with respect to construction of "correspondent
bank", in connection with bond transactions
Branch banks, foreign, reply to Chase National Bank on applicability of Sec. 32 to acceptance of accounts and
acting as correspondents for securities firms
Directors, permits:
Ledyard, Lewis Cass, Jr., permit unnecessary
Lehman, Philip, application, action deferred pending submission of further information
First National Bank of the City of New York, N. Y., reply to Yr.
nelldon on applicability of Sec. 32 to officers
and directors who are also officers and directors of First Security Co., now in liquidation
Hudson-Harlem Valley Corporation, Mount Kisco, N. Y., reply to
Mr. Freund that Sec. 32 of Banking Act of 1933
does not seem applicable to director who is also
director of member bank
Miscellaneous:
Curtiss in connection with
Spalding, Philip, reply to
Clayton Act inquiry that Sec. 32 is applicable
and permit will be necessar:i to continue services affected by that section
National Shawmut Bank of Boston, Mass., reply on applicability
of Sec. 32 to directors of, who are partners
in securities firm
Pennsylvania Bankshares and Securities Corporation, Pittsburgh,
Fa., reply on applicability to directors of, of
Sec. 32 of Banking Act of 1933
Permit applications, advice to FRAgents on details of answers to
questions one to four on form 99c
lieorganization of banks:
National banks: (See National banks)
National and State member banks, letter to lir. Jesse Jones listing classes of cases which must be submitted to
Board for approval

11/11

109

12/ 8

339

13/28

242

11/11

105

12/29

644

12/ 8

339

11/ 6

12/22

564

12/22

563

12/ 8

340

12/ 8

341

12/ 6

310

12/22

561

12/19

473

11/28

242

11/ 7

64-6

102

Pages

Reorganization of banks: (Continued)
National and State member banks: (Continued)
105
Copy of letter sent to Comptroller
State member banks: (See State member banks)
Reports:
Banks borrowing 805 or more of the time, advice to FaBanks that
reports on Form B-14 may be suspended until fur12/26
ther notice
Earnings and expenses of FRBanks, change in instructions, Board
will authorize charge to surplus to cover losses
on discounted bills only in case losses have
12/22
been definitely determined
FRBanks to employ same method of showing on published state108
ments as adopted by Board
Reserves:
FRBank of San Francisco, penalties for deficiencies in, no objection to waiving for Old National Bank and Union
12/ 4
Trust Co. and 14 unlicensed banks
FRBanks, each to set aside, to cover depreciation in Government
securities, and for estimated loss on Hungarian
12/22
credit and past due acceptances
(see also FRBanks, Charge offs and reserves)
FRBanks to employ method of showing on published statements
108
that Board has adopted
First National Bank of Jackson, Ky., reply to Mr. Williams on
12/18
unsatisfactory reserve record of
First National Bank, Throckmorton, Texas, report of continued de108
ficiency, and that they have now been restored
Louisa National Bank, Louisa, Ky., report of continued deficiency
101
for further six months' period, no action
Member banks, reply to La.. Worthington that no change appears necessary in formula for computation because of
101
Regulation Q
Old National Bank and Union Trust Co., Spokane, .ash., no objection to waiver by FRBank of San Francisco of
12/ 4
penalty for deficiency in February
Pascagoula National Bank, Moss Point, Miss., report of continued
108
deficiency in
Potter Title and Trust Co., Pittsburgh, Pa., reply to Mr. Wil4/18
liams on unsatisfactory reserve record of
Savings deposits, reply to Mr. Worthington as to proper classification of portion to which notice of intention
12/11
to withdraw has been waived
Union Bank and Trust Co., Helena, Mont., Board offers no objection to waiver of penalty for deficiencies in,
101
as they resulted from misunderstanding
Resolutions, FRBoard:
Assessment on FRBanks, levying for expenses of Board for first
101
half of 1934
Revised Statutes:
Sec. 5136, purchase of corporate stocks by member banks, Board
takes position that acquisition by merger is not
12/ 4
"purchase", memo of Mr. Wingfield
(See also Consolidations, aheeling Bank and Trust Co.)
Rippel, J. S. and Co., Inc.: (See State member banks, Merchants
and Newark Trust Co.)

133

574

560
621

279

559.'6°

621
413
414
85

113

279
216
413

363

351

507

273.°

103
Pages

Root, Clark, Buckner and Ballantine: (See State member banks, Bank
of the Manhattan Co.)
Rulings, FRBoard:
Branches, removal from one town to another, to be published in
FRBulletin
4/ 6
Clayton Act, Sec. 8A, applicability to directors of New Britain
National Bank, who serve also as directors, officers or employees of corporation which makes
occasional loans to employees on own stock
101
Connecticut banks, reply to Bank Commissioner Perry that Board
cannot admit to membership in FRSystem under
agreement to approve withdrawals prior to July
1, 1934
101
(See also Connecticut)
Debentures and capital notes, question again raised as to inclusion in capital necessary for membership, memo
of F.D.I.C. and of Mr. Vest, motion that they
be included and Congress asked to clarify matter by legislation, carried
1],/ 6
Advice to F?Agents of reconsideration
11/11
Advice to 1,1r. Hoxton that they must be included in capital
of banks applying for membership in determining
amount of ?Bank stock to be subscribed for
4/28
Deferred time deposits, reply to iii'. Cummings, P.D.I.C., on effect of Sec. 19 of FitAct
1I,/ 6
Directors, ?Banks and branches, application of Sec. 8A of Clayton Act to, to be published in FRBulletin
1),/ 6
"Federal Bank Service", Prentice-Hall, Inc., reply to 211r. Minnich that rulings published in FaBulletin are
complete, and Board cannot furnish private organization with additional information
11/ 6
FRBulletin, memo of Er. Wyatt recommending publication of certain
rulings
12/ 6
Interest on time deposits after maturity, to be published in
FRBulletin
11/ 6
Interpretations of Banking Act of 1933, statements concerning, to
be published in FRBulletin, memo of Lir. Vest
107
"Portion", interpretation of word in connection with payment of
specified amount of savings deposits without
notice of withdrawal, letter to First National
Bank of Seattle and advice to FRAgents
13/ 7
Postal savings funds, interest on deposits of, ruling of FRBoard
transmitted to FRAgents and letter to Mr. Eilenberger
11/20
Purchase of corporate stocks by member banks, under Sec. 5136 of
Revised Statutes, Board takes position that acquisition by merger is not "purchase"
12/ 4
Tax, Ohio, absorption by banks, considered in conjunction with
similar case in Kentucky, ruling that it constituted indirect payment of interest reversed,
reply to 12-. Creech
12/ 6
Time certificate of deposit payable upon 30 days' notice, reservation of right to call certificate on 30 days'
notice, ruled time certificate, advice to Ic'r.
Hoxton
105

104

15-8
84

212
38
38

50
309
38
599

62-3

183-6

271-2

311

144

Pages

104
%It

Safekeeping:
FRBank of Chicago, no objection to custodianship of Government
securities securing deposits in member banks of
proceeds from sale of bonds of Chicago to P.W.A. 12/11 367
Sanders, J. W.: (See Deposits, Daily balances)
Secretary of State:
Argentine funds, payment of interest on, under two types of contracts with New York banks in force on June 16,
1933, reply to
11/11 106
Securities companies:
First Mortgage Loan Co., San Angelo, Texas, reply to Mr. ilalsh
relative to inquiry of First National Bank as to
12/ 6 309
whether company is "securities company"
Keystone Mortgage Investment Co., reply to Mr. McClure that it
does not appear to be a securities company under
Sec. 20 of Banking Act of 1933 in connection with
12/19 474
Commerce Trust Co., Aansas City, 'KJ°.
Service charges: (See Clearing and collection)
Shackelford, A. D.: (see National banks, National Bank of Vdlson,
N. C.)
Shadden, E. B.: (See National banks, Hamilton National Bank, Chattanooga, Tenn.)
Sherriff, Lindsay, Weis and Hutchinson: (See Pittsburgh Thrift Corporation)
on: (See Interest)
interest
funds,
Sinking
banks, Gap National Bank and Trust Co.)
National
Smith, E. C.: (See
South Carolina:
Branches, out-of-town, of national banks, opinion of Attorney Gen11/ 6
37
eral on right to establish in
Spencer, T. N.: (See Membership in FRSystem, Citizens Bank and
Trust Co., Concord, N. C.)
Sprague, Albert S.: (see National banks, Continental Illinois National Bank and Trust Co.)
Staff of FRBoard:
Counsel's Office:
Boatwright, H. Lee, Jr., increase in salary
12/21 503
12/21 504
Carroll, Jeanne H., increase in salary
Hackley, Howard H., increase in salary
12/21 503
Hargett, Eduard L., increase in salary
12/21 504
Lehn, Hildur V., increase in salary
12/21 504
L:alia, S. Anne, increase in salary
12/21 504
Pendloton, Kathleen B., appointment and salary as steno11/15 122
grapher
Purnell, Maurice, temporary appointment and salary as Special
Assistant Counsel, borrowed from Counsel for
FRBank of Dallas
12/11 344
Raynor, Mrs. Margaret F., transferred from Secretary's
Office
12/12 381
Increase in salary
12/21 504
Seitz, S. N., increase in salary
12/21 503
Tyler, Ralph J., jr., temporary appointment and salary as
Special Assistant Counsel, borrowed from
Counsel for FRBank of Cleveland
12/11 344
Vest, George B., increase in salary
12/21 503

105
Pages
Staff of FRBoard: (Continued)
Counsel's Office: (Continued)
12/21
Wainwright, Mildred R., increase in salary
12/21
Wingfield, B. Magruder, increase in salary
12/21
Wisner, Margaret, increase in salary
12/21
Wyatt, Walter, General Counsel, increase in salary
Present at meeting of Board to discuss transfer of title
12/21
of FRSystem gold to Treasury
(See also Dollar devaluation)
Division of Bank Operations:
Bryan, Evelyn, increase in salary
12/21
Caskey, Merreb P., leave with pay granted until Feb. 1,
11/28
1934, on account of illness
Clark, Helen C., increase in salary
12/21
12/21
Fugitt, Rita S., increase in salary
12/21
Goheen, Loretta, increase in salary
Hitt, Mrs. Libbie L., appointment and salary as stenographic
11/28
clerk
12/21
Horbett, J. E., increase in salary
Memo of Mr. James recommending further increase. in
12/28
salary, approved
Jones, Marjorie F., increase in salary
12/21
12/21
Kullberg, Gladys L., increase in salary
Myrick, L. S., increase in salary
12/21
Memo of Mr. James recommending further increase, approved 12/28
12/21
Scudder, Dilver, increase in salary
Smead, Eduard L., Chief, increase in salary
12/21
Tindall, Evelyn, increase in salary
12/21
Van Fossen, John R., Assistant Chief, increase in salary
12/21
Abolschlager, Geraldine E., increase in salary
12/21
Division of Examinations:
Authorization and direction to examiners to perform neces12/29
sary travel during 1934
Bartz, Charles H., increase in salary
12/21
Boiseau, Mrs. Natalie, increase in salary
12/21
Brien, E. L., Jr., increase in salary
12/21
Title changed to FRExaminer
12/21
Brown, Arch B., increase in salary
12/21
Brown, S. L., increase in salary
12/21
Brawn, d. G., increase in salary
12/21
Bush, Lloyd i.,appointment and salary as Assistant ExaminDr 11/11
Cagle, C. E., increase in salary
12/21
Headquarters changed from Charlotte, N. C., to Washington,
D. C.
12/21
Calloway, R. M., increase in salary
12/21
Chamberlin, R. B., increase in salary
12/21
Connell, J. J., increase in salary
12/21
Crays, D. L., increase in salary
12/21
Title changed to FRExaminer
12/21
Crosby, J. Bey increase in salary
12/21
Title changed to FRExaminer
12/21
Headquarters changed from Louisville, by., to .iashington, D. C.
12/21
Dolan, Helen V., increase in salary
12/21
Dougal, g. D., increase in salary
12/21
Elliott, Alice, appointment and salary as file clerk
11/ 6
Increase in salary
12/21

504
503
504
503
510

505
201
505
505
505
201
505
613
505
505
505
613
505
505
505
505
505

629
505
506
505
506
506
506
506
74
505
507
505
505
506
505
506
505
506
507
506
506
22
506

106

Pages

Staff of RBoard: (Continued)
Division of Examinations: (Continued)
11/15
Everitt, Robert S., appointment and salary as stenographer
Examiners of FRBanks, memo of Yr. Paulger that each FRAgent
select one experienced man to serve temporarily
with Division, expense to be borne by banks
11/11
Folsom, George H., increase in salary
12/21
Gallagher, Mrs. Iladine L., appointment and salary as clerk
11/28
Increase in salary
12/21
Good, George E., appointment as Assistant FhExaminer
12/21
Goodman, G. L., increase in salary
12/21
12/21
Title changed to FRExaminer
Headquarters changed from New Orleans, La., to Washington, D. C.
12/21
Goshorn, Marion L., appointment and salary as clerk
11/20
Hopkins, Julia Benton, appointment and salary as clerk
11/15
Increase in salary
12/21
Hostrup, C. C., increase in salary
12/21
Title changed to FRExaminer
12/21
Howard, T. P., increase in salary
12/21
King, Herman C., increase in salary
12/21
Headquarters changed from Cincinnati, Ohio, to Washington, D. C.
12/21
Koppang, H. O., increase in salary
12/21
Headquarters changed from Helena, Mont., to Washington
12/21
Lanston, Marjorie, increase in salary
12/21
Lee, A.
increase in salary
12/21
Leonard, R. F., increase in salary
12/21
Headquarters changed from Minneapolis, Minn., to Et.shington, D. C.
12/21
Mann, i. T., increase in salary
12/21
Massey, E. R., increase in salary
12/21
McClelland, W. J., increase in salary
12/21
McConnell, Harold G., assigned to, temporarily by FRBank of
Minneapolis
11/15
Millard, E. R., increase in salary
12/21
Myers, Edward S., increase in salary
12/21
Nelson, Fred A., increase in salary
12/21
Headquarters changed from Chicago, Ill., to Washington
12/21
Paulger, Leo H., Chief:
Examiners of FRBanks, memo recommending that each FRAgent select one experienced man for temporary
service with Board, expense to be borne by banks 101
Reorganization and recapitalization of banks, request
that Comptroller have representative cooperate
with
105
Salary increased, :r. Miller voting "no"
12/21
Pollard, W. B., increase in salary
12/21
Title changed to FR:Examiner
12/21
Headquarters changed from Memphis, Tenn., to ViashinL;ton 12/21
Richardson, Mrs. Lulu C., increase in salary
12/21
Root, Mrs. Rose D., increase in salary
12/21
Sheaf°, Edward A., Jr., increase in salary
12/21
Skees, Laurence E., appointment and salary as assistant
examiner
11/ 6
Stenographers for evening work, authority granted Mr. Paulger
to employ four
12/19

121

75
505
201
506
506
505
506
507
164
121
506
505
506
506
505
507
505
507
506
506
505

507
506
505
505
122
506

506
505
501

133
505
505
506
501
505
506
505
22

463

107
Pages
Staff of FRBoard: (Continued)
Division of Examinations: (Continued)
Stone, Harold F., increase in salary
Strahorn, C. A., increase in salary
Turnbull, J. A., increase in salary
Weadon, Mrs. Betty B., appointment and salary as stenographer
Increase in salary
nilkes, M. R., increase in salary
- lashingHeadquarters changed from Charlotte, N. C., to :
ton, D. C.
Ydshart, H. J., increase in salary
Division of Research and Statistics:
Barcalow, Elizabeth, increase in salary
Barker, Edith, increase in salary
Baur, Helene, salary increased
Blattner, George IL, increase in salary
Borruat, Ella, increase in salary
Caskey, Franc S., increase in salary
Collier, Raymond, increase in salary
Deeds, Dorothy, increase in salary
Dembitz, Lewis N., appointment and salary as junior research assistant
Dyer, Helen, increase in salary
Elder, Nora V., further extension of leave without pay on
account of illness
Increase in salary
Ellis, Margaret, increase in salary
Entriken, Everett, increase in salary
Erway, Mrs. Lucile, stenographer, resignation
Evans, Mary Sibley, increase in salary
Gardner, :kilter R., increase in salary
Garfield, Frank R., increase in salary
Goldenweiser, E. A., Chief:
Membership in FRSystem of Puerto Rican banks, report of
attendance at meeting of directors of FRBank of
New York on
Salary increased, Mr. Eiller voting "no"
Haigh, Julia, increase in salary
Hammill, Caroline, increase in salary
Hodson, Viola, increase in salary
Howell, Mrs. Margaret T., temporary appointment and salary
as draftsman
Resignation
Jones, Mrs.. Ruth V., appointment and salary as stenographer
Joy, Aryness, resignation accepted
Kline, William A., increase in salary
Lengstreet, Victor M., increase in salary
Maroney, Mary M., increase in salary
Moss, Joyce, increase in salary
O'Hare, Florence, increase in salary
Parry, Carl E., increase in salary
Perry; latharyno, increase in salary
Porter, Ruth, increase in salary
Rhodes, Thomas B., resignation accepted

12/21
12/21
12/21

506
506
506

11/11
75
506
12/21
101 505
12/21
12/21

507
506

124/21
12/21
124/21
101
12/21
12/21
12/21
12/21

504
501
504
504
504
504
504
504

11/15 122
101 504
11/ 6
22
12/21 504
12/21 504
12/21 504
101
75
la/21 504
12/21 504
12/21 504

13/28
101
12/21
12/21
12/21

199
504
504
504
504

11/20
12/28
4/20
12/18
12/21
12/21
101
124/21
12/21
12/21
12/21
12/21
12/18

164
615
164
406
504
504
504
504
504
504
504
504
406

108

Pages

Staff of FRBoard: (Continued)
Division of Research and Statistics: (Continued)
Riefler, 7iinfield, memo of Dr. Goldenweiser requesting consideration of increase in salary, Governor authorized to take up matter of his return to Board
and possibility of payment of salary by Exec108
utive Council
has
Black
until
Govornor
salary
pay
Board to continue to
opportunity to look into work with President's
Executive Council and salary to be provided for
12/21
in Division budget
12/21
Robinson, Harvey, increase in salary
12/21
Sissman, Louise, increase in salary
Sutton, Blanche, increase in salary
1
31
Taylor, Alice, increase in salary
salary
Thomas, Woodlief, increase in
12/21
Thompson, Donald S., increase in salary
/1
::/221
salary
in
increase
Vincent, Helen,
Redemption:
and
Division of Issue
Meade, Fannie, Comptroller to be informed that she should be
12/21
returned to division
12/27
Comptroller advises that she will be returned
Oliphant, Janet, Comptroller to be advised that as she has
been assigned to his office, Board will not pay
12/21
salary any longer
Board to continue to pay salary until not later than
March 31, 1934, and Comptroller to make arrange12/27
ments to carry on own payroll
has
she
been
as
that
informed
Smoot, Irma, Comptroller to be
assigned to his office, Board will pay salary no
101
longer
than
later
not
until
Board to continue to pay salary
March 31, 1934, and Comptroller to make arrange12,/27
ments to carry on own payroll
that
she
informed
be
to
Lillie,
Comptroller
Stanawski,
12/21
should be returned to division
returned
12/27
be
that
will
she
advises
Comptroller
she
as
has
that
advised
be
to
been
Comptroller
Mary,
assigned to his office, Board will no longer pay
12/21
salary
Board to continue to pay salary not later than March 31,
1934, and Comptroller to make arrangements to
12/27
carry on own payroll
Governor's Office:
101
Martin, H. harrier, increase in salary
Messengers:
12/21
Dyson, Lelson, increase in salary
101
Fletcher, W. T., salary increased
Frost, Frederick, appointment and salary as messenger, to
replace John Hunley, transferred to Counsel's
108
Office
L.,
Edward
in
salary
12/21
increase
Hargett,
12/18
Hunley, John, transferred to Counsel's Office
12/21
Johnson, Gordon, salary increased
Smith, Jesse D., appointment and salary, employed to maintain regular 30 minute schedule between Treasury Building and Shoreham Building
12/ 4

441

504

:g:
r0:
504
504
504

507
584

501

563

507

583
507
584

5°7
585
503
503
503

405
504
406
503

274

109
Pages
Staff of FaBoard: (Continued)
Messengers: (Continued)
12/21
Truehart, Lynwood, increase in salary
12/21
'aatkins, F. L., increase in salary
12/21
Wheeler, R. R., salary increased
Messenger service, employment of Jesse D. Smith to maintain
regular 30 minute schedule between Treasury
12/ 4
Building and Shoreham Building
11/28
Offices of FRBoard to be closed at one p.m., Nov. 29
Secretary's Office:
12/21
Bethea, L. P., Assistant secretary, salary increased
12/21
Carpenter, S. R., Assistant Secretary, salary increased
12/21
Dyson, Nelson, salary increased
12/21
Fletcher, W. T., salary increased
Frost, Frederick, appointment and salary as messenger to
replace John Hunley, transferred to Counsel's
Office
12/18
Hunley, John, messenger, transferred to Counsel's Office,
employment of Frost to replace
12/18
Johnson, Gordon, salary increased
12/21
Kellogg, Scott Douglas, appointment and salary as file clerk 105
Krieger, D. Jeanne, salary increased
12/21
McLeod, Lucy E., appoinLment and salary as stenographer to
fill facancy caused by transfer of Mrs. Raynor
12/18
Morrill, Chester, Secretary, salary increased, Ur. Miller
voting "no"
12/21
Note on statement of Board's position and views of Governors on proposed plan to take title to FRSystem gold
12/22
Memo that Governor Black wired FRBanks to hold boards of
directors together for tomorrow, and attaching
memo of 1,1r. Baker and Mr. yatt and letter from
former to Governor Black answering questions
12/27
Memo for minutes attaching two memoranda of Mr. Oliphant
on legal questions involved in proposed seizure
of gold of FRSystem
12/28
Memo for minutes quoting telegram of Governor Black directing FRBanks to hold directors no longer
12/29
Noell, J. C., Assistant Secretary, salary increased
12/21
daynor, Mrs. Margaret F., stenographer, transfer to Counsel's
Office
12/12
Stenographer, recommendation to be made to fill vacancy
caused by transfer of Mrs. Raynor
12/12
Lucy E. McLeod appointed
12/18
Taylor Victrin L., salary increased
12/21
Thompson, R. K., salary increased
12/21
Truehart, Lynwood, increase in salary
12/21
':ialters, A. C., increase in salary
12/21
Watkins, F. L., increase in salary
12/21
heeler, R. d., salary increased
12/21
Special advisory:
Pole, John
suggestion that he be employed to make survey
of banking and other conditions in Puerto Rico,
and such other dependencies as may be designated,
adopted
12/12
Appointnent and salary as examiner and designation as
Special Adviser to Board
12/13

503
503
503

274
198
503
503
503
503

405
405
503
121
503
405
503

521

602

625-7
679
503
381
381
405
503
503
503
503
503
503

381
396

110

Pages

Staff of FRBoard: (Continued)
Special advisory: (Continued)
Pole, John -W.: (Continued)
Letter from Mr. Case designating 1,iessrs. Lamb and_it109
chell to assist
State bank commissioners:
Connecticut: (See Connecticut)
State banks:
List of all with total deposit liabilities, FRAgents requested to
furnish
106
MeMbership in FRSystem, letter to ;.1.r. Jesse Jones that they may
not be admitted to, until Board has approved application and they have complied with conditions 1.1,/ 7
11/15
Copy of letter sent to Comptroller
Reorganization and recapitalization, letter to Mr. Jesse Jones
listing classes of cases which must be submitted
11,/ 7
to Board for approval
11/15
Copy of letter sent to Comptroller
(See also Nonmember banks)
State member banks:
Adrian State Savings Bank, Adrian, Mich., no objection to stock
reduction in reorganization plan which involves
resale of stock
12/ 4
Affiliates, reply to advice of Mr. McClure that condition reports
were not all complete, forms to be revised
4/ 6
Aliceville Bank & Trust Co., Aliceville, Ala., application for
membership approved
10
Amalgamated Bank of New York, N. Y., FRBank authorized to extend
time for filing agreement on P-5 of holding company affiliate, Amalgamated Clothing Workers of
America
11/15
American Bank and Trust Co., Suffolk, Va., application for membership approved
12/26
American State Bank, Milwaukee, 7is., application for membership
approved
109
American Trust Co., San Francisco, Calif.:
American Co. must secure voting permit to vote stock of, as
also must Atlas Corporation and Pacific Eastern
Corporation
4/20
Branch at Sacramento, Board has not determined stand, position of Comptroller on capital requirement
11/11
Anderson Brothers Bank, Idaho Falls, Idaho, voting permit granted
First Security Corporation for plan involving
merger with First Security Bank of Boise and
First Security Bank of Pocatello and establishment of 15 branches
105
Merger to be under charter of, title to be First Security
Bank of Idaho with main office in Boise and to
include 13 nonmember banks
11/15
(See also infra First Security Bank of Idaho)
Angleton State Bank, Angleton, Texas, application for membership
approved
12/21
Bank of Aberdeen, Idaho, application for membership approved
12/29
Bank of Amityville, N. Y., application for membership approved
11/28
Bank of Bethlehem, Delmar, i. Y., application for membership
approved
114/28

454

575

65
133
64-6
133

281
43
801

132
569
630

182
94

128

129
490
630
208
201

111
Pages
State member banks: (Continued)
11,/ 6
Bank of Canton, Ga., membership application approved
Extension of time for disposition of stock of Canton Cotton
12/21
Mill which is condition of membership
4/11
Bank of Carmel, Calif., application for membership approved
12/29
Bank of Cattaraugus,N. Y., membership application approved
Bank of Eastman, Ga., stock reduction and sale of capital notes
11/29
to R.F.C., no objection
12/ 8
Bank of Elizabethtown, N. C., membership application approved
approvmembership
for
application
Y.,
N.
Heights,
Elmira
Bank of
ed subject to issuance of limited voting permits
to First National of Elmira Corporation and
12/29
First National Bank and Trust Co. of Elmira
12/29
Permits granted
11/28
approved
application
Bank of Halifax, Va., membership
11/11
approved
membership
for
application
Bank of LaCrosse, Va.,
Bank of the Manhattan Co., New York, N. Y.:
"Correspondent bank", reply to Mr. Case in connection with
inquiry of Messrs. Root, Buckner, Clark and
Ballantine, on construction of term in relation
12/ 8
to certain bond transactions
and
Co.
Trust
Corning
in
holdings
stock
of
disposal
Time for
North Side State Bank extended, and time extend11/28
ed for disposal of stock of County Trust Co.
Bank of iarysville Co., Marysville, Ohio, membership application
approved subject to issuance of limited voting
12/22
permit to BancOhio Corporation
12/22
Permit granted
approved
12/22
application
Bank of Mount Hope, W. Va., membership
12/29
Bank of Newman, Calif., membership application approved
Bank of Rainelle, IL Va., membership application approved and
limited voting permit granted Meadow River Lum12/29
ber Co. in connection with
12/11
Bank of Tolono, Ill., membership application approved
11/15
Bank of Willcox, Ariz., membership application approved
Bank of Yorktown, New York, N. Y., stock reduction approved
12/22
Bankers Cormercial Trust Co., Little Rock, Ark., stock sold to
depositors and others in accordance with membership condition, Board will not require issuance
12/21
of certificates prior to nationalization
Bankers Trust Co., Des Moines, Iowa, no objection to stock reduction in plan involving sale of preferred stock
12/29
to R.F.C. and others
Bar Harbor Banking and Trust Co., Bar harbor, Me., application
11/20
for membership approved
Condition 21 amended as loan was legal when made, has Leen
11/28
reduced and is adequately secured
Barton County State Bank, Lamar, Mo., membership application
12/13
approved
Bay City Bank & Trust Co., Bay City, Texas, application for
11/20
membership approved
Beaver County Trust Co., New Brighton, Pa., reduction in capital
and corresponding increase in surplus approved
11/6
provided State law is complied with
Blencoe State Bank, Blencoe, Iowa, application for membership
12/20
approved

25
490
80
630
265
322

653
653-7
207
78

339

214

537
537
539
630

630
346
124
542

491

638
171
209
398
170

30
80

112

Pages

State member banks: (Continued)
Bonds, surety, advice to FRAgents on adequacy of those carried
11/20
by officers and employees
Bridgeport-City Trust Co., Bridgeport, Conn., application for
12/ 6
membership approved
Bristol County Trust Co., Taunton, Mass., membership application
11/11
approved
Camden Safe Deposit and Trust Co., Camden, N. J., time extended
109
for reporting deposits on schedule Q
Canton Trust Co., Canton, Mass., application for membership approved subject to issuance of limited voting
12/29
permit to Old Colony Trust Associates
109
Permit granted
Central Hanover Bank and Trust Co., New York, N. Y., extension
of time to file report of affiliate domiciled
11/15
abroad
Advice to Mr. Dillistin in reply to inquiry as to reporting
105
under schedule Q in last call report
11/28
Extension of time for reporting deposits on schedule Q
105
Citizens Bank of Locke, N. Y., membership application approved
Citizens Bank, Oneonta, Ala., application for membership
108
approved
Citizens Bank, Inc., of South Hill, Va., membership application
11/11
approved
Citizens Bank and Trust Co., Big Timber, Mont., membership application approved101
Citizens Bank and Trust Co., Concord, N. C., membership applica11/11
tion approved
lobridge,
S.
membership
Dak.,
appliTrust
Co.,
and
Citizens Bank
109
cation approved
membership
W.
Va.,
applicaCitizens Mutual Trust Co., ,,heeling,
tion approved101
Bank,
Osage City, Kansas, charge to current exCitizens State
penses for new equipment will be considered compliance with condition requiring charge off of
depreciation on furniture and fixtures
108
Citizens State Bank, Pawnee City, Nebr., membership application
approved
111 6
Citizens State Bank & Trust Co., Goose Creek, Texas, application
for membership approved
12/ 6
Clearfield Trust Co., Clearfield, Pa., application for membership approved
12/29
Commerce Trust Co., Kansas City, Mo., reply to Mr. McClure on
inquiry of Mr. Goodrich, that Keystone Mortgage
and Investment Co. is not a securities company
within meaning of Sec. 20 of Bankint, Act of '33 109
Commercial Bank Co., Celina, Ohio, membership application approved
106
Savint;s
Bank
of
Commercial
Sterling, Colo., membership application approved
12/20
Commonwealth Trust Co., Pittsburgh, Pa., time extended for reporting deposits on schedule Q
11/29
reports,
assessment for temporary Deposit Insurance
Condition
FUnd to be included in "other assets" on face
of report and under proper designation inside
11/29

173
301
80
267

648
649

132
143
242
124
410
79
346
80
659
345

411
25
302
630

474
669
480
267

267

113
Pages
State member banks: (Continued)
Condition reports: (Continued)
Letter to FRAgents on forms for next call and instructions
for reporting payments to F.D.I.C., capital
notes and debentures and request for list of
State banks with total deposits
12/26
Schedule Q, size of deposit balances for use of F.D.I.C.,
extension of time for filing data
11/11
Connecticut banks: (See Connecticut)
Continental Bank and Trust Co., New York, N. Y., reply to Mr.
Dillistin in reponse to inquiry as to reporting under Schedule Q of last call report
Cortland Savings and Banking Co., Cortland, Ohio, application
for membership approved
11/28
Dakota State Bank, Dakota, Minn., membership application approved
11/11
Day Trust Co., Boston, i:ass., waiver of six months' notice and
permission for immediate withdrawal from System 12/19
Depositors Trust Co., Augusta, Lire., application for membership
approved subject to approval of Comptroller of
establishment and operation of ninebranehes,
letter to Comptroller
12/ 4
Fiduciary power application approved
12/29
Dickinson Trust Co., Richmond, Ind., waiver of six months notice
and permission for immediate withdrawal from
FRSystem, FRAgent to obtain authorized application for cancelation of FRBank stock
11/ 7
Equitable Trust Co., Atlantic City, N. J., FRBoard unwilling to
approve reorganization plan, advice to Mr.
Austin
11/28
Hearing desired by representatives of, to be held on Dec.
12, letter to 'Mr. Austin to be withheld pending hearing
12/ 6
Governor horris requests careful consideration of Mr. Austin's report as bank cannot be reorganized under
any other plan and liquidation would result in
heavy losses
12/ 8
Statements of Mr. Bacharach and other representatives before
Board on reorganization plan, statement of Mr.
Compton and question of issuing preferred stock
to be retired at premium, statement of Mr. Austin12/12
Governor authorized to discuss organization of new institutions with banks' officers
12/12
Report of Governor Black of discussion with representatives
concerning organization of new bank and that
funds for common stock and purchase by R.F.C. of
preferred stock arranged for
12/18
leorganization, advice to ivir. Austin of funds raised for new
institution and trust company to be placed in
liquidation if plan is consummated
12/-22
Erie County Banking Co., Vermilion, Ohio, (Vermilion Banking Co.)
waiver of six months' notice and permission for
immediate withdrawal from FRSystem
12/22
Violation of executive order in connection with license to
reopen, reported to Department of Justice
12/22
Pall River Trust Co., Fall River, Mass., application for membership approved
12/11

575
103

143
207
80
457

277-8
637

198

293

318

374-7
379

443

540

540
541
346

114

Pages

State member banks: (Continued)
Farmers Bank of Bellville, Ohio, application for membership
11/ 6
approved
Farmers and Merchants Bank of Lawrenceville, Va., membership
101
application approved
Farmers and Merchants Bank of Summersville, W. Va., application
12/12
for membership approved
Farmers & Merchants State Bank, Carrollton, Texas, membership
application approved subject to issuance of limited voting permits to Equitable Securities Co.
12/29
and Mercantile National Bank at Dallas
Permits granted
109
Farmers & Merchants State Bank, Ladonia, Texas, application for
membership approved subject to issuance of limited voting permits to Equitable Securities Co.
109
and Mercantile National Bank at Dallas
12/29
Permits granted
Farmers and Merchants State Bank of Sacred Heart, Minn., member101
ship application approved
Farmers & Merchants State Bank of Shamrock, Texas, application
11/11
for membership approved
Farmers and Merchants State Bank of Springfield, Minn., applica12/22
tion for membership approved
Farmers and Merchants State Bank of Wylie, Texas, application for
membership approved subject to issuance of limited voting permits to Equitable Securities Co.
12/29
and to Mercantile National Bank at Dallas
granted
109
Permits
Farmers Savings and Trust Co., Mansfield, Ohio, application for
101
membership approved
Farmers State Bank of Denton, Mont., membership application
11/11
approved
Farmers State Bank of Lostant, Ill., application for membership
approved
12/22
Farmers Bank of Nansemond, Suffolk, Va., membership application
approved
108
Farmers State Bank, Victor, Mont., membership application
approved
4/28
Farmers-Stockgrowers Bank, Glasgow, Mont., membership application approved
100
Federal Deposit Insurance Corporation, advice to FRAgents that
all must become stockholders by July 1, 1934,
that Board must certify after examination that
banks are solvent, request for FRAgents' plans
12/ 8
Fidelity-Philadelphia Trust Co., Philadelphia, Pa., interpretation of Regulation Q as to withdrawal notice in
savings pass book, loans on savings accounts and
Philadelphia Clearing house rule on payment of
time deposits before maturity4/28
Fifth Avenue Savings Bank Co., Columbus, Ohio, application for
membership approved subject to issuance of
limited voting permit to BancOhio Corporation
12/22
Permit granted
12/22
First Bank of St. Manes, Idaho, application for membership
approved
12/22
First-Mason Bank, Mason, Ohio, membership application approved
12/ 8

26
80
383

657
656

657
656
80
80
539

657
656
346
80
539
616
206
480

323

23
637
637
539
322

115
Pages
State member banks: (Continued)
First Security Bank of Boise, Idaho:
Interest on time certificates of deposit exceeds maximum
11/15
rate, bank to be advised of Board's views
Voting permit granted First Security Corporation for plan
involving merger with Arst Security Bank of Poe
atello and Anderson Brothers Bank and 13 nonmem105
ber banks and establishment of 15 branches
(See also infra First Security Bank of Idaho)
First Security Bank of Idaho, Boise, Idaho:
Merger proposed with 13 nonmember banks, First Security Bank
of Boise, First Security Bank of Pocatello and
Anderson Brothers Bank into, with 15 branches,
recapitalization plan involving sale of preferred stock to R.F.C., and voting permit granted
13115
First Security Corporation
11/15
Letter to Comptroller of Currency concerning
Board offers no objection if consummated subject to conditions set forth
109
FaBank stock, approval of additional application if bank
owns in own name stock previously subscribed for 12/26
First Security Bank of Pocatello, Idaho, voting permit granted
First Security Corporation in plan involving merger with First Security Bank of Boise, Anderson
Brothers Bank and 13 nonmember banks and estab4/15
lishment of 15 branches
(See also supra First Security Bank of Idaho)
First State Bank, Celina, Texas, application for memba.ship approved subject to issuance of limited voting permits to Equitable Securities Co. and Mercantile
National Bank at Dallas
12/29
12/29
Permits granted
First State Bank of Chatfield, Minn., application for membership
13111
approved
First State Bank of Libby, Mont., membership application approved
11/ 6
First State Bank of Rushmore, Minn., application for membership
approved
11/28
Fort Madison Savings Bank, Fort Madison, Iowa, acquisition of
certain certificates under trust agreement, no
apparent change in assets or functions of bank,
no action on continued membership in FRSystem
12/ 8
Granite City Trust & Savings Bank, Granite City, Ill., waiver of
notice and Dermission for immediate withdrawal
1)7 6
from FRSystem
Guarantee Trust Co., Atlantic City, N. J., FRBoard unwilling to
approve reorganization plan, advice to Mr.
Austin
11/28
Hearing desired by representatives, to be held Dec. 12, let12/ 6
ter to :Ir. Austin to be held pending hearing
Governor Norris requests careful consideration of Mr. Austin's report as bank cannot be reorganized under
any other plan and liquidation would result in
heavy losses
12/ 8
Statements of representatives before Board on reorganization
plan, statement of Mr. Compton and question of
issuing preferredstock to be retired at premium,
statement of :Jr. Austin, alternative suggestions 102

139

128

128-9
129-31
262
573

128

657
658
80
26
208

324

198
293

318

374-6

116

Pages

State member banks: (Continued)
Guarantee Trust Co.: (Continued)
Governor authorized to discuss organization of new institu124/12
tion with representatives of banks
Report of Governor Black of discussion with representatives
concerning organization of new bank and that funds
had been raised for common stock and arrangements made for conference with R.F.C. on purchase
12/18
of preferred stock
Reorganization, advice to
Austin of funds raised for new
bank, trust company to be placed in liquidation
12/22
if plan is consummated
Guaranty Trust Co., New York, N. Y., condition reports of affiliates domiciled abroad, extension of time for
101
filing
Guilford Trust Co., Guilford, ie., application for membership
124/11
approved
Hadley Falls Trust Co., Holyoke, Mass., application for member12/27
ship approved
Hamilton Trust Company of Paterson, N. J., reorganization plan
involving sale of preferred stock to be retired
at premium, referred to in reorganization plans
of Equitable Trust Co. and Guarantee Trust Co.
12/12
Harlan County Bank, Alma, Nebr., application for membership
approved
13720
Hibernia Bank and Trust Co., New Orleans, La., application of
Messrs. Sims and McGuire for cancelation of
3,300 shares of stock of FRBank of Atlanta approved and previous application revoked
11/ 7
Hillsdale Savings Bank, Hilldale, Mich.: (See infra Hillsdale
State Savings Bank)
Hillsdale State Savings Bank, Hillsdale, Mich., formed by merger
of Hillsdale Savings Bank and First State Savings
Bank, no objection, request opinion as to status of membership of new bank
11/28
Home State Bank, South Milwaukee, Wis., reply to Mr. Stevens
that insurance business of cashier is not violation of membership
109
Hoyleton State and Savings Bank, Hoyleton, Ill., membership
application approved
W11
Hyannis Trust Co., Hyannis, Mass., application for membership
approved
11/15
Iowa State Savings Bank of Fairfield, Iowa, waiver of six months'
notice and permission for immediate withdrawal
from FRSystem
la/ 6
Iron and Glass Dollar Savings Bank of Birmingham, Pittsburgh,
Pa., membership application approved
124/21
Jefferson Trust Co., Hoboken, N. J., waiver of notice and permission for immediate withdrawal from System124/29
Jerauld County Bank, Tressington Springs, S. Dak., membership
application approved
11/29
Kane County Bank and Trust Co., Elburn, Ill., membership application approved
la/ 8
Lafayette-South Side Bank and Trust Co., St. Louis, Mo., waiver
of notice and permission for immediate withdrawal from FaSystem
12/18

379

443

540

100
345
584

376
171

216

262
60
125
303
490
631
260
322

117
Pages
State member banks: (Continued)
Le Grand Bank, Le Grand, Calif., membership application approved
Licking County Bank, Newark, Ohio, application for membership
approved subject to issuance of limited voting
permit to BancOhio Corporation
537
Permit granted
537
Lusk State Bank, Lusk, Wyo., membership application approved
659
Main State Bank, Chicago, Ill., application for membership
approved
80
Manufacturers Bank & Trust Company of St. Louis, Mo., application for membership approved
410
Manufacturers Trust Company, New York, N. Y., necessity of publishing condition reports of certain affiliates,
brief submitted by bank's counsel on Huron Holding Corp., and Harvey Brokerage Co., Inc.
11/28 232-4
Time extended for publication of reports of affiliates
11/28 236
Marengo Banking Co., Earengo, Ohio, membership application
approved
12/29 630
Massena Banking and Trust Co., i1assena, N. Y., membership application approved
11/6
26
Mechanics and Y.erchants Bank, Richmond,
membership application approved
11/15 125
Mechanicsville Trust and Savings Bank, Mechanicsville, Iowa,
waiver of six months' notice and permission for
immediate withdrawal from FRSystem
12/28 615
Menotomy Trust Co., Arlington, lass., application for membership
approved subject to issuance of limited voting
permit to Old Colony Trust Associates
12/29 618
Permit granted
12/29 649
Mercantile Commerce Bank and Trust Co., St. Louis, Mo., stock
holdings in Mercantile Commerce National Bank,
report of Governor Black on Yr. Thompson's call
and request for hearing, and request for details
of Governor Young's discussion with Mr. Lonsdale
receipt of Governor Young's letter
12/6 297
Report of 1/.. James on conference with Mr. Hemingway and
Messrs. Wyatt, Paulger and Wingfield, authorized
to show Mr. Hemingway minutes of Board, and Governor Black to inform la.. Thompson that hearing
will be granted on Dec. 12 if desired
12/6 298
Messrs. Hemingway and Thompson present at Board meeting, motion to grant six months extension of time for
disposal of stock, carried, with understanding
of no further extension and Governor authorized
to approve letter advising of action
12/12 377-9
Merchants and Newark Trust Co., Newark, N. J., reply to report
of Mr. Case of syndicate arrangement with J. S.
Rippel and Co. involving stock of Firemen's Insurance Co. and heavy borrowings of Er. Rippel
12/11 350
Merrill Trust Co., Bangor, Me., heavy withdrawal of deposits,
Governor Black conferred with la.. Couch and to
confer with Governor Young and Mr. Curtiss on
possible action
11/11
70
Metals Bank and Trust Co., Butte, Mont., condition reports of affiliates, request of First Bank Stock Corporation
that bank be granted extension of time for filing, FRAgent to determine necessity
11/11 101

Va•,

118

Pages

State member banks: (Continued)
Miami Deposit Bank Co., Yellow Springs, Ohio, application for
12/29
membership approved
12/13
Monroe City Bank, Monroe, Mo., membership application approved
Montclair Trust Co., Montclair, E. J.:
Assumption of liabilities and purchase of assets of Peoples
12/18
National Bank, no objection
Examination report reveals that purchase of assets and assum?tion of liabilities of Essex Title Guaranty and
Trust Co. made no change in assets or functions 11/28
12/18
Voting permit, limited, granted to
Monterey Bank, Monterey, Calif., application for membership
12/ 8
approved
Monterey County Trust & Savings Bank, Salinas, Calif., application for membership approved if Comptroller approves branches at Carmel, Castroville, and
12/ 6
Monterey, and letter to Comptroller
Mount Vernon Trust Co., Eount Vernon, N. Y., membership applica11/29
tion approved
Muscatine Bank and Trust Co., Muscatine, Iowa, unnecessary to
procure Board's permission to assign without re11/28
course a note secured by real estate mortgage
Needham Trust Co., Needham, Mass., application for membership
approved subject to issuance of limited voting
12/29
permit to Old Colony Trust Associates
109
Permit granted
Old Colony Trust Co., Boston, Mass., trusteeship holding stock
of, for benefit of stockholders of First National
Bank of Boston, is not holding company affiliate 12/28
Ossining Trust Co., Ossining, N. Y., application for membership
approved
Parish Bank and Trust Co., Eomence, Ill., membership application
approved
Parker Bank and Trust Co., Cullman, Ala., membership application
approved
Peconic Bank, Sag Harbor, N. Y., membership application approved
Pennsylvania Company for Insurances on Lives and Granting Annuities, Philadelphia, Pa., time extended for re11/29
porting deposits on schedule Q
Peoples Bank and Savings Co., Cincinnati, Ohio, membership
11/28
application approved
Peoples Bank & Trust Co., Coshocton, Ohio, membership applica11/20
tion approved
Peoples Bank and Trust Co., Seattle, Wash., absorption of Peoples
First Avenue Bank and Peoples North Seattle Bank,
analysis of examination report, no objection to
11/28
transaction, bank undercapitalized
Renton branch, letter to Comptroller on operation of First
National Bank of Renton as, after absorbing it,
question of capitalization and proposed condi12/29
tions of approval
Peoples Savings Bank Co., Delta, Ohio, reply to Mr. Williams on
method of dealing with, in connection with advertisement of insurance of deposits
11/28
Peoples Savings Bank & Trust Co., llmington, N. C., application
109
for membership approved

630
398

438

214
437
322

302
259
211

648
649

620

302

346
60
208

267
208

171
211

6551
249
451

119
Pages
State member banks: (Continued)
Peoples State Bank, Plainview, Minn., certificate showing required increase in capital, no action on termination
of membership
11/28
Peoples State Savings Bank of Kewanee, Ill., application for
membership approved
11/15
Peoples Trust Co., Liartinsburg, W. Va., deferred time deposits,
reply to la-. Hoxton on ruling for F.D.I.C. and
probable effects on such deposits when restrictions are lifted
11/ 6
Perry County Bank, Lew Lexington, Ohio, membership application
approved subject to issuance of limited voting
permit to BancOhio Corporation, permit granted
12/22
Personal Loan and Savings Bank, Chicago, Ill., membership application approved
11/ 6
Perth Amboy Trust Co., Perth Amboy, L. J., reorganization plan
involving issuance of preferred stock to be retired at premium, referred to in connection with
reorganization plans of Equitable Trust Co. and
Guarantee Trust Co.
12/12
Planters Bank and Trust Co., Hopkinsville, Ky., application for
membership approved
12/29
Planters Bank 6: Trust Co., Thomaston, Ala., membership applica11/20
tion approved
Potter Title and Trust Co., Pittsburgh, Pa., reply to :.1r. Williams on unsatisfactory reserve record
12/18
Raritan Trust Co., Perth Amboy, L. J., reorganization plan involving issuance of preferred stock to be retired at premium referred to in connection with
reorganization plans of Equitable Trust Co. and
Guarantee Trust Co.
102
Real Estate Trust Company of Philadelphia, Pa., membership
12/29
application approved
Reorganization and recapitalization, letter to iIr. Jesse Jones
listing classes of cases which must be submitted
11/ 7
to Board for approval
Copy of letter sent to Comptroller
11/15
Reserves, reply to kdr. Worthington that no change appears necessary in formula for computation of, in connection with Regulation Q
11/11
Rhode Island Hospital Trust Co., Providence, R. I., waiver of
notice and permission for immediate withdrawal
from FRSystem
12,/ 8
Richview State Bank, Richview, Ill., application for membership
approved
12/22
Riverview State Bank, Kansas City, Kans., application for
membership approved
12,/ 4
Ronan State Bank, Ronan, Lent., membership application approved 12/12
St. Joseph Valley Bank, Elkhart, Ind., waiver of notice and permission for immediate withdrawal from System
11/ 6
Savannah Bank and Trust Company, Savannah, Ga., permit to vote
stock of, granted to Savannah Corporation
11/15
Stock reduction and sale of capital notes to R.F.C., no
' objection
11/28
Schuyler County State Bank, Lancaster, Mo., membership application approved
12/18

213
124

537
25

376
630
171
413

376
630

64-6
133

113

323
539
279
383
28
127
224
410

120

Page

State member banks: (Continued)
Seaside Bank, ,iestharripton Beach, ]N. Y., membership application
12/21
approved
Seattle Trust Co., Seattle, ,ash., application for membership
11/28
approved
Security State Bank of Cannon Falls, Minn., application for
11/ 6
membership approved
Security State Bank of Houston, Minn., application for member11/28
ship approved
Security State Bank, Pearsall, Texas, application for membership
12/11
approved
Sedalia Bank and Trust Co., Sedalia, Mo., application for fiduciary powers approved, bank to adopt resolution
105
to abide by conditions prescribed by Board
Solano County Bank, Fairfield, Calif., application for member11/28
ship approved
Southern Ohio Savings Bank and Trust Co., Cincinnati, Ohio, ap12/18
plication for membership approved
Spokane and Eastern Trust Co., Spokane, ash., limited voting
permit granted to Northwest Bancorporation to
effect absorption of Security National Bank,
12/27
Cheney, Wash., and operation as branch
Letter to FRAgent concerning, capital stock reduction and
sale of debentures to R.F.C. and letter to
12/27
Comptroller in connection with branch
Bank,
Caledonia,
'ann.,
State
membership
application
Sprague
12/22
approved
Springfield Safe Deposit and Trust Co., Springfield, Mass., ap12/29
plication for membership approved
12/26
State Bank of Aurora, Minn., application for membership approved
State Bank of Belle Plaine, Minn., application for membership
11/28
approved
State Bank of Cuba, Ill., waiver of six months' notice and per12/29
mission for immediate withdrawal from FRSystem
State Bank of Ellenburg, Ellenburg Depot, E. Y., membership
11/29
application approved
State Bank of Gibbon, Minn., application for membership approved 11/28
11/20
State Bank of Ontario, E. Y., membership application approved
State Bank of Springfield, Minn., membership application
approved
12/20
State Bank, Winfield, Kansas, advice from FRAgent of improvement
in condition and plans for further improvement,
no action on termination of membership, request
for information on securities acquired
11/28
State Bank & Trust Co., Beeville, Texas, membership application
12/19
approved
State Savings Bank of Warren, Mich., waiver of six months' notice and permission for immediate withdrawal
11/20
from FRSystem
Stoughton Trust Co., Stoughton, Mass., application for membership
approved subject to issuance of limited voting
12/29
permit to Old Colony Trust Associates
12/29
Pormit granted
Temporary fund of F.D.I.C., reply to Mr. Walsh that payment into,
should appear in "other assets" if asset and if
charged off, shown separately on earnings and
12/26
dividends report

490
2o7
25
205
348

126
208

409

595-'
591
'
9
539
630

569
208

631
26o
206
110
480

215
451

175
648

649

121
Pages
State member banks: (Continued)
Thorndale State Bank, Thorndale, Texas, application for member12/22
ship approved
Tobacco Exchange Bank, Edgerton, Wis., application for member4/28
ship approved
Trade Bank of LOW York, 14. Y., stock reduction approved, subject
to prescribed conditions in plan involving sale
12/29
of capital notes to R.F.C.
Tryon Bank & Trust Co., Tryon, N. C., membership application
101
approved
Tucker County Bank, Parsons, W. Va., application for membership
approved
11,/ 6
Uintah State Bank, Vernal, Utah, application for membership
4/28
approved
Union Bank, Little Rock, Ark., reply to Mr.'nahn on return of
bonds to bank, pledged for trust funds deposited
in other departments for which insurance becomes
12/28
effective
Union Bank of Winchester, Va., application for membership
12/13
approved
Union Bank and Trust Co., Amelia, Va., application for member101
ship approved
Union Bank and Trust Co., Helena, Mont., no objection to waiver of
penalty for deficient reserves by FRBank of Minneapolis because of misunderstanding as to comp12/11
utation of reserves to be carried
Common stock reduction and sale to R.F.C. of preferred stock
or debentures, no objection, in connection with
12/27
voting permit of Northwest Bancorporation
memberapplication
for
Bernard,
Texas,
Union State Bank, East
12/19
ship approved
Union Trust Company of 1.1ary1and, Baltimore, Md.:
4/15
Application for membership approved subject to conditions
(See also Membership in FRSystem)
Overlea, letter to Comptroller concerning operation of
branch, Board's position as to necessary capital12/29
ization of bank and branches
Union Trust Co., Pittsburgh, Pa., reply to FRBank of Cleveland
that payment of specified amount of savings
deposits complies with Regulation Q, but that
bank's regulations do not require 30 days'
11,/ 7
written notice of withdrawal
(See also Rulings, FRBoard, "Portion")
Reply to Mr. Williams on conformity with Regulation Q of
notice of withdrawal of savings deposits bearing printed notice that after a certain period
after date of maturity, deposit again becomes
12/11
savings deposit
Union Trust Co., St. Petersburg, Fla., application for membership approved
12/20
Union Trust Company of Springfield, Mass., application for
membership approved
12/29
United Bank of Farmington, Mo., application of organizers for membership approved if and when chartered by State 12/21

539
208

669
80
26
206

622
398
80

351

591
457
148-50

633-5

362
480
659
490

122
State member banks: (Continued)
Utah Trust and Savings Co., Salt Lake City, Utah, affiliated
Zion's Savings Bank and Trust Co., information
published on form 221 same as that required on
11/15 3.33
form 220, republication unnecessary
Utica Savings Bank Co., Utica, Ohio, application for membership
12/13 398
approved
Vermilion Banking Co., Vermilion, Ohio: (See supra Erie County
Banking Co.)
Bank, 4adena, Minn., membership application
State
County
Wadena
11/28 206
approved
Watkins State Bank, Watkins Glen, N. Y., membership application
approved subject to issuance of limited voting
permits to First National of Elmira Corporation
653
and First National Bank and Trust Co. of Elmira 12/29
6531
12/29
Permits granted
for
application
Mass.,
Wellesley,
Co.,
Wellesley Trust
12/19
membership approved
Pa.,
application
Williamsport,
Co.,
Trust
and
Bank
West Branch
of West Branch Trust Co. for membership approved
if and when merged with Lycoming Trust Co. under
12/22 536
above title
West Side Trust Co., Newark, N. J., membership application
12/22 536
approved
(See also Voting permits)
Wheeling Bank and Trust Co., Wheeling, W. Va., proposed merger
with Dollar Savings and Trust Co., no objection 11/28 216
Mr. Williams desirous of modification of condition relative
11/29
to disposal of stocks, referred to Counsel
acquisition
that
position
takes
Memo of La.. 4ingfield, Board
through merger is not "purchase", FRAgent to be
2714
advised of reconsideration and stocks to be dis4
12/
feasible
as
soon
as
posed of
12/ 6
Telegram advising of action, approved
for
memberIowa,
application
Williams,
Bank,
Williams Savings
11/15
ship approved
of
Boston
FRBank
Mass.,
authorWinchester,
Co.,
Trust
Winchester
ized to extend time for filing reports of affil152
11/15 00
iates and holding company affiliates
Yellowstone Bank, Laurel, Mont., membership application approved 12/29
York Trust Co., York, Pa., reply that stocks held by York Securities Corporation, which is to be placed in liquidation, may be purchased to prevent loss by
260
12/4
forced sale
Statements:
Profits and losses of FRBanks, change in instructions, Board will
authorize charge to surplus to cover losses on
discounted bills only in case losses have been
560
12/22
definitely determined
621
FRBanks to employ same method of showing on published state12/28
ments as adopted by Board
Steiwer, Senator Frederick: (See Branch banks, FRSystem, Portland)
Steuart, Horace S.: (See National banks, Merchants National Bank of
Bangor, Me.)

456

9
'
268

308
126

123
Pages
Stock, capital:
Adrian State Savings Bank, Adrian, Mich., no objection to reduction in reorganization plan which involves resale of stock
12/ 4
Alamo National Bank of San Antonio, Texas, reduction approved in
plan involving issue of preferred stock
11/ 6
(See also National banks)
Articles of association, change in
12/ 8
Albany National Bank, Laramie, Wyo., reduction approved in plan
involving sale of preferred stock to R.F.C.
12/19
American National Bank of Klamath Falls, Ore., reduction approved,
plan involving sale of preferred stock to R.F.C. 12/27
American National Bank of Sidney, Nebr., reduction approved in
plan involving sale of preferred stock to R.F.C. 12/ 6
Plan amended to eliminate voluntary cash contribution
1Z/26
American National Bank & Trust Company of Valley City, N. Dak.,
reduction approved in plan involving sale of preferred stock or debentures
12/27
Aquidneck National Exchange Bank and Savings Company of Newport,
R.I., reduction approved in plan involving sale
of preferred stock to R.F.C.
11/29
Arkansas National Bank of Hot Springs, Ark., reductionepproved
in plan involving sale of preferred stock to
R.F.C. and sale of certain assets
12/19
Bank of Eastman, Ga., reduction in plan involvinsT, sale of capital
notes to R.F.C., no objection
11/29
Bank of the Manhattan Co., Now York, N. Y., time extended for disposal of stock of Corning Trust Co., North Side
State Bank and County Trust Co.
11/28
Bank of Yorktown, New York, N. Y., reduction approved
12/22
Bankers Commercial Trust Co., Little Rock, Ark., stock sold to
depositors and others, issuance of certificates
prior to nationalization not to be required
12/21
Bankers Trust Co., Des Moines, Iowa, no objection to reduction,
plan involving sale of preferred stock to R.F.C. 12/29
Beaver County Trust Co., New Brighton, Pa., reduction and corresponding increase in surplus approved provided
State law is complied with
131 6
Bendersville National Bank, Bendersville, Pa., reduction approved
in plan involving sale of preferred stock
12/ 6
Bonner County National Bank of Sandpoint, Idaho, reduction approved in plan involving sale of preferred
stock to R.F.C.
12/26
Branch banks, out-of-town, national banks, position of Comptroller that capital of head office, city, is to be
considered as unit in establishment of, attention of Board called to, by American Trust Co.
Brockton National Bank, Brockton, Lass., reduction approved in
plan involving sale of preferred stock
ealistoga National Bank, Calistoga, Calif., stock reduction
approved in :Lan involving sale of preferred
stock to R.F.C.
12/29
aney Valley National Bank, Caney, Kansas, reduction approved in
plan involving issue of preferred stock
11/ 6
Central National Bank of Columbus, Nebr., reduction approved in
plan involving sale of preferred stock to R.F.C. 12/22

281
36
330
462
585
307
570

590

264

461
265

214
542

491
638

30
305

571

94
222

671
3b
545

124

Page

Stock, capital: (Continued)
Central National Bank of Minneapolis, Minn., reduction approved
in plan involving sale of preferred stock or
107
debentures
Chase National Bank of the City of New York, N. Y., common stock
reduction proposed in plan involving sale of pre12/27
ferred stock to R.F.G. and/or others
Paulger, question of sufficiency of preferStatement of
red stock raised, discussed by representatives of
12/27
Comptroller's Office, reduction approved
12/28
favor
of
as
voting
in
recorded
Mr. Miller desirous of being
reduction
approved
in
Ind.,
Citizens National Bank of Bedford,
109
plan involving sale of preferred stock
Ill.,
reduction
apHeights,
Citizens National Bank of Chicago
proved in plan involving sale of preferred stock
11/28
to R.F.C.
Citizens National Bank of Hope, Ark., reduction approved in plan
12/20
involving sale of preferred stock to R.F.C.
Citizens National Bank of Paris, Ill., reduction approved in plan
12/28
involving sale of preferred stock to R.F.C.
reduction
approved
Dak.,
Bank
of
Viahpeton,
N.
National
Citizens
in plan involving sale of preferred stock or
12,/27
debentures
Waverly,
N.
Y.,
reduction
approved
in
National
Bank
of
Citizens
109
plan involving sale of new common stock
(see also Voting permits, First National of Elmira Corporation; First National Bank and Trust Co. of Elmira)
Citizens National Bank of ':iebb, Iowa, reduction approved in plan
12/ 8
involving sale of preferred stock to R.F.C.
Citizens National Bank and Trust Company of Ridgewood, E. J.,
stock reduction approved in plan involving sale
of preferred stock to R.F.C. and convertible pre12/22
ferred stock to others and new common stock
City National Bank of Atchison, Kansas, reduction approved in
plan involving sale of preferred stock to R.F.C. 11/28
Colonial-American National Bank of Roanoke, Va., application
11120
for reduction disapproved
Commercial National Bank of Hillsboro, Ore., reduction approved,
plan involving sale of preferred stock to R.F.C.
Commercial National Bank of Lakeview, Ore., reduction approved inl°9
plan involving sale of preferred stock to R.F.C. 108
Board offers no objection to sale of less preferred stock
12/29
than originally contemplated
Commercial National Bank of Santa Ana, California, reduction
approved in plan involving sale of preferred
stock to R.F.C.
Commercial National Bank of Sturgis, S. Dak., reduction approved 114/29
in plan involving sale of preferred stock or
12,/27
debentures
Continental Illinois National Bank and Trust Co., Chicago, Ill.,
letter to Comptroller on condition, presentation of letter to directors discussed
11/ 1
Capital stock reduction, condition amended to provide that
R.F.C. only purchase balance of issue of prefer11/28
red stock after shareholders have subscribed
(See also National banks)

590

58).

582-6
611
461

228
481
618

590
657

328

545
221
176
675
428
674

266

590

125
Pages
Stock, capital: (Continued)
Crescenta-Canada National Bank at Montrose, Calif., reduction
approved in plan involving sale of preferred
stock to R.F.C.
11/28
Dakota National Bank & Trust Company of Bismarck, h. Dak., reduction approved in plan involving sale of preferred stock or debentures
12/27
Debentures and capital notes issued to R.F.C., by State banks,
question again raised as to their inclusion in
capital in connection with eligibility for membership
11/6
Memo of F.D.I.C. and memo of
Vest, motion that they be
included in capital and Congress asked to clarify matter by legislation, carried and Governor
Black to inform Mr. Bruere
11/ 6
Advice to FRAgents of reconsideration
11/11
Advice to Mr. Hoxton that they must be considered part of
capital in subscribing to FRBank stock by banks
applying for membership
11/28
Membership requirements: (See Membership in FRSystam)
Denver Rational Bank, Denver, Colo., reduction approved in plan
involving sale of preferred stock to R.F.C.
12/22
DeWitt County National Bank of Clinton, Ill., reduction approved
in plan involving sale of preferred stock to
R.F.C.
102
East Tennessee National Bank of Knoxville, Tenn., reduction approved in reorganization plan
1g/ 8
111Pire National Bank of St. Paul, Minn., reduction approved in
plan involving sale of preferred stock or debentures
12/27
Everett National Bank, Everett, Mass., reduction approved in
plan involving sale of new common stock to present stockholders and preferred stock to R.F.C. 12/ 4
Exchange hational Bank of Olean, N. Y., reduction approved in
plan involving sale of preferred stock to R.F.C. 12/13
FarmerS and Eerchants National Bank of Millbank, S. Dak., reduction approved in plan involving sale of preferred stock or debentures
12/27
Phrmers National Bank of Salina, Kansas, reduction approved
11/20
Change in articles of association
12/11
'
4rst and American National Bank of Duluth, Minn., reduction
approved in plan involving sale of preferred
stock or debentures
12/27
First
Citizens National Bank, .
1 7atertown, S. Dak., reduction approved in plan involving sale of preferred
stock or debentures
12/27
Pirst City
National Bank of Floresville, Texas, reduction approved in plan involving sale of preferred
stock to R.F.C.
11/29
National Bank of Aberdeen, S. Dak., reduction approved in
plan involving sale of preferred stock or debentures
12/27
Firct
National Bank of Albert Lea, 'ann., reduction approved in
plan involving sale of preferred stock or debentures
12/27
National Bank of Albion, Nebr., reduction approved in plan
involving sale of preferred stock to R.F.C.
12/11

230

590

16-8
84

212

546

544
328

590

281
398

590
178
356

590

266

590

590
354

126

Page

Stock, capital: (Continued)
First National Bank of Antioch, iii., reduction approved in plan
11/28
involving sale of preferred stock to R.F.C.
in
approved
reduction
Lie.,
Bar
Harbor,
First National Bank of
plan involving sale of preferred stock to R.F.C. 11/28
First National Bank of Bayard, 'Nebr., reduction approved in plan
12/18
involving sale of preferred stock to R.F.C.
plan
in
approved
reduction
First National Bank, Bonham, Texas,
12/11
involving sale of preferred stock to R.F.C.
had
approved,
reduction
First National Bank of Bradenton, Fla.,
been deferred pending grant of voting permit to
First National Co., plan involving sale of pre12/ 6
ferred and new conunon stock
First National Bank of Brigham City, Brigham, Utah, reduction approved in plan involving sale of preferred stock
12/18
to R.F.C.
11/20
First National Bank of Centralia, Mo., reduction approved
First National Bank of Concordia, Kansas, reduction approved in
plan involving sale of preferred stock to R.F.C. 12/ 6
First National Bank of Cooperstomn, N. Y., reduction approved in
plan involving sale of preferred stock to R.F.C.
12/18
and sale of new common stock
apFirst National Bank of Coos Bay at Marshfield, Ore., reduction
proved in plan involving sale of preferred stock
12/22
to R.F.C.
First National Bank of Crockett, Calif., reduction approved in
plan involving sale of preferred stock to R.F.C. 12/18
First National Bank of David City, 1,ebr., reduction approved in
plan involving sale of preferred stock to H.F.C. 12/20
First National Bank of Deadwood, S. Dak., reduction approved in
plan involving sale of preferred stock or de12/27
bentures
First National Bank of Dillon, Mont., reduction approved in plan
involving sale of preferred stock or debentures 12/27
First National Bank of Dodgeville, Wis., reduction approved in
plan involving sale of preferred stock to R.F.C. 12/ 6
First National Bank of Elko, Nev., reduction approved in plan in12/19
volving sale of preferred stock to R.F.C.
First National Bank of Enumclaw, Wash., reduction approved in
plan involving sale of preferred stock to R.F.C. 12/29
First National Bank of Fair-bury, Nebr., reduction approved in plan
involving sale of preferred stock or debentures 12/27
100
First National Bank of Falls City, Nebr., reduction approved
First National Bank of Floydada, Texas, reduction approved in
plan involving sale of preferred stock to R.F.C. 108
First National Bank of Fontana, Calif., reduction approved in
plan involving sale of preferred stock to R.F.C. 12/29
First National Bank of Fort Worth, Texas, reduction approved in
plan involving sale of preferred stock to R.F.C. 108
First National Bank of Garden Grove, Calif., reduction approved
in plan involving sale of preferred stock to
R.F.C.
11/29
First National Bank, Gardner, Mass., reduction approved in plan
involving sale of preferred stock to R.F.C.
12/18
First National Bank of Granbury, Texas, reduction approved in
plan involving sale of preferred stock to R.F.C. 12/29

225
222
425
355

305

426
176
307

420

549
427
462

590
590
307

672
590
171
229
639
228

266
418
671

127
Pages
Stock, capital: (Continued)
First National Bank of Green River, Wyo., reduction approved in
plan involving sale of preferred stock to R.F.C.
First National Bank in Greenwich, Conn., reduction approved in
plan involving sale of new common stock
First National Bank of Hillsboro, N. Dak., reduction approved in
plan involving sale of preferred stock or
debentures
First National Bank of Holtville, Calif., reduction approved in
plan involving sale of preferred stock to R.F.C.
First National Bank of Holyoke, Colo., reduction approved in
plan involving sale of preferred stock to R.F.C.
First National Bank of Hynes, Calif., reduction approved
First National Bank of Jacksboro, Texas, reduction approved in
plan involving sale of preferred stock to R.F.C.
First National Bank of Kalispell, Mont., reduction approved in
plan involving sale of preferred stock or
debentures
First National Bank of Kennemick, Wash., reduction approved in
plan involving sale of preferred stock to R.F.C.
First National Bank of Lamesa, Texas, reduction approved in plan
involving sale of preferred stock to R.F.C.
First National Bank of Lead, S. Dak., reduction approved in plan
involvinc, sale of preferred stock or debentures
First National Bank of Logan, Utah, reduction approved in plan
involving sale of preferred stock to R.F.C.
First National Bank of Mandan, N. Dak., reduction approved in
plan involving sale of preferred stock or
debentures
First National Bank in Mankato, Kansas, reduction approved in
plan involving sale of preferred stock to R.F.C.
First National Bank of Mansfield, Mass., reduction approved in
plan involving sale of common stock to be paid
for out of Guaranty Fund and preferred stock to
R.F.C.
_. (See also Voting permits, Old Colony Trust Associates)
FIrst National Bank of Mason City, Iowa, reduction approved in
plan involving sale of preferred stock or debentures
First National Bank, Mesquite, Texas, reduction approved in plan
involving sale of preferred stock to R.F.C.
First National Bank of Mobridge, S. Dak., reduction approved in
plan involving sale of preferred stock or
debentures
First National Bank of Monroe, Mich., reduction approved and to
complete surrender of trust powers
First National Bank of Morris, Ill., reduction approved in plan
involving sale of preferred stock to R.F.C.
First National Bank of Mountain View, Calif., reduction approved
in plan involving sale of preferred stock to
R.F.C.
First National Bank of Murray, Utah, reduction approved in plan
involving sale of preferred stock to R.F.C.
First National Bank of New Bedford, Mass., reduction approved in
plan involving sale of preferred stock to R.F.C.

12/19

463

12/12

384

lg/27

590

124/19

464

11/29
11/15

265
127

lg/22

547

124/27

590

1g/28

616

12/18

425

lg/27

590

lg/18

426

124/27

590

lg/ 8

329

124/29

651

124/27

590

1g/11

355

1g/27

590

11/6

1g/29

670

lg/ 8

331

lg/22

550

1g/29

668

128

page

Stock, capital: (Continued)
First National Bank of Nutley, N. J., stock reduction approved in
plan involving sale of preferred stock to R.F.C.
12/18
and preferred stock and new common stock
First National Bank of Ogden, Utah, reduction 'approved in plan
involving sale of preferred stock to R.F.C. and
voting permit to First Security Corporation of
12/11
Ogden
11/15
First National Bank of Okanogan, -Cash., reduction approved
11/20
First National Bank of Omaha, Nebr., reduction approved
Articles of association, amendments proposed to, meet condi12/ 6
tion Board imposed in approving reduction
in
reduction
approved
Calif.,
Orange,
First National Bank of
plan involving sale of preferred stock to R.F.C. 12/29
First National Bank in Ord, Nebr., reduction approved in plan in12/ 6
volving sale of preferred stock to R.F.C.
11/28
approved
Calif.,
reduction
National
Parlier,
Bank of
First
First National Bank of Perry, N. Y., stock reduction approved in
plan involving sale of preferred stock to R.F.C.
12/18
and holding company
approved
in
Philip,
S.
flak.,
reduction
First National Bank of
plan involving sale of preferred stock or de12/27
bentures
reduction
in
flak.,
approved
First National Bank of Rapid City, S.
plan involving sale of preferred stock or de12/27
bentures
First National Bank of Red Wing, Minn., reduction approved in
plan involving sale of preferred stock or de12/27
bentures
First National Bank in Richmond, Calif., reduction approved in
plan involving sale of preferred stock to R.F.C. 12/12
First National Bank of San Dimas, Calif., stock reduction approved in plan involving sale of preferred stock to
R.F.C.
12/29
First National Bank of Sandoval, Ill., reduction approved in
plan involving issue of preferred stock to R.F.C.12/26
First rational Bank of San Marcos, Texas, reduction approved in
plan involving sale of preferred stock to R.F.C. 11/28
First National Bank of Santa Rosa, N. Mex., reduction approved
in plan involving sale of preferred stock to
R.F.C., and loan from latter to separate corp12/22
oration
First National Bank in Sharon, Pa., reduction approved, released
funds to be transferred to surplus, letter to :r.
Williams that action was taken in anticipation
of application for fiduciary powers
12/22
(See also Legislation, Pennsylvania)
First National Bank of Springfield, Vt., stock reduction approved in plan involving sale of preferred stock to
12/18
R.F.C.
First National Bank of Sterling, Kansas, reduction approved in
plan involving sale of preferred stock to R.F.C. 12/12
First National Bank of Stillwater, Okla., reduction approved in
plan involving sale of preferred stock to R.F.C. 12/217
First National Bank of Stromsburg, hebr., reduction approved in
plan involving sale of preferred stock to R.F.C. 109

422

367
127
177
308
672
308
229
421
590

590

568
385

672
570

228
546

420
384

566
462

129
Pages

Stock, capital: (Continued)
First National Bank of Toppenish, Wash., reduction approved in
plan involving sale of preferred stock to R.F.C. 12/29
First National Bank of Upper Sandusky, Ohio, reduction approved
in plan involving sale of preferred stock to
R.F.C.
108
First National Bank of Waco, Texas, reduction approved in plan
•
involving sale of preferred stock
12/22
First National Bank of Namego, Kansas, reduction approved in plan
involving sale of preferred stock to R.F.C. and
loan from latter to mortgage company
12/22
First National Bank, Watervliet, Mich., reduction approved in
plan involving sale of preferred stock to R.F.C. 12/ 8
. Requirement of contribution by shareholders amended
12/27
First National Bank of Winona, Minn., reduction approved in plan
involving sale of preferred stock or debentures
12/27
First National Bank of Wolcott, E. Y., to be reduced and then increased by sale of preferred stock
11/11
First National Bank of White Sulphur Springs, Mont., reduction
approved in plan involving sale of preferred
stock to R.F.C. and local interests
12/22
First National Bank and Trust Company of Fargo, N. flak., reduction approved in plan involving sale of preferred
stock or debentures
12/27
First National Bank and Trust Co., Hamilton, Ohio, stock reduction approved in plan involving sale of preferred stock to R.F.C. and stockholders or others
1g/18
Fir st National Bank and Trust Co., Muskogee, Okla., reduction
approved in plan involving sale of preferred
stock to R.F.C.
12/29
First National Bank and Trust Co., New Haven, Conn., reduction
approved in plan involving sale of preferred
stock to R.F.C.
12/18
First rational Bank & Trust Co., Saugerties, N. Y., reduction
approved and issuance of preferred stock
11/ 6
F.
National Trust and Savings Bank of Fullerton,. Calif.,
reduction approved
11/20
Pirst rational Trust and Savings Bank of San Diego, Calif., reduction approved in plan involving sale to R.F.C.
of preferred stock and cash contribution by
shareholders
101
Pizst
Security Bank of Idaho, Boise, merger of 13 nonmember banks
and three member banks to form, proposed, common stock to be increased and perferred stock to
be sold to R.F.C.
11/15
Fort
National Bank, Fort Worth, Texas, reduction approved 11/15
Articles of association, changes in
12/11
allklin National Bank, Franklin, Ohio, reduction approved in
plan involving sale of preferred stock to R.F.C. 109
aont County National Bank of Canon City, Colo.,
reduction
p
a proved
11/28
Good1
County National Bank of Red Wing, Minn., reduction
approved
11/20
Articles of association changed
12,/11
'rafton National Bank,
Grafton, E. Dak., reduction approved in
plan involving sale of preferred stock or
debentures
12/27

673

423
548

546
329
586
590
92

545

590

424

659

419
31
179

360

129
126
356
460
226
176
355

b90

130

Pages

Stock, capital: (Continued)
Great Falls National Bank, Great Falls, Mont., reduction approved
in plan involving sale of preferred stock or de12/27
bentures
Hamlin National Bank of Holcomb, N. Y., reduction approved in
plan involving sale of preferred stock to R.F.C.
108
and/or others
Hastings National Bank of Hastings, Nebr., reduction approved in
plan involving sale of preferred stock or
12/27
debentures
Holyoke National Bank, Holyoke, Hass., reduction approved in
plan involving sale of preferred stock to R.F.C. 108
Home National Bank of Brockton, Mass., reduction approved in
plan involving sale of preferred stock to R.F.C.
108
and present stockholders
Iowa-Des Moines National Bank & Trust Co., Des Moines, Iowa, reduction approved in plan involving sale of pre12/27
ferred stock or debentures
James River National Bank and Trust Company of Jamestown, N. Dak.,
reduction approved in plan involving sale of pre107
ferred stock or debentures
Jefferson County National Bank, Yfatertown, N. Y., reduction approved in plan involving sale of preferred
stock
11,/ 6
Change in plan, Board's approval unnecessary
11/20
Capital stock reduction approved in plan involving sale of
preferred stock to R.F.C. and others
Keene National Bank, Keene, N. H., reduction approved in plan in-124/11
volving sale of preferred stock to R.F.C.
12/ 6
Lafayette National Bank of Brooklyn in New York, reduction approved in plan involving sale of preferred stock to
4/26
R.F.C.
Lavmdale National Bank of Chicago, Ill., reduction approved in
plan involving sale of preferred stock to R.F.C.
and consolidation with affiliate
Liberty National Bank of Weatherford, Okla., reduction approved
Lincoln Rational Bank and Trust Co. of Fort Wayne, Ind., reduction approved in plan involving sale of prefer4/26
red stock to R.F.C.
Manufacturers National Bank of Troy, N. Y., stock reduction approved in plan involving sale of preferred
109
stock to R.F.C. and/or others
Mercantile Commerce National Bank, St. Louis, Mo.:
Holding of stock of, by Mercantile Commerce Bank and Trust
Co.: (See State member banks)
Merchants National Bank of New Bedford, Mass., reduction approved in plan involving sale of preferred stock to
R.F.C.
12/18
Merchants and Planters National Bank of Sherman, Texas, reduction approved in plan involving sale of prefer11/26
red stock to R.F.C.
Meriden National Bank, Meriden, Conn., reduction approved in
plan involving sale of preferred stock to R.F.C. 108
4/20
Middletown National Bank, Middletown, Conn., reductionEpproved
Midland National Bank and Trust Company of Minneapolis, Minn.,
reduction approved in plan involving sale of preferred stock or debentures
107

6
12a .

590

422

590

43.7
221
590

590

175
355

321
225

559
224
659

229
43.8
174
590

3
Pages
Stock, capital: (Continued)
National Bank of America, Paterson, N. J., stock reduction approved in plan involving issue of preferred
stock to R.F.C., reasons for reconsideration of
12/ 8
previous disapproval
National Bank of Huron, S. Dak., reduction approved in plan in12/27
volving sale of preferred stock or debentures
National Bank of La Crosse, Ads., reduction approved in plan in12/27
volving sale of preferred stock or debentures
National Bank of New Jersey, Brunswick, N. J., reduction approved
in plan involving issue of first and second pre11/11
ferred stock
National Bank and Trust Company of Port Jervis, N. Y., stock
108
reduction approved
National banks, reductions:
Applications for, matter of expediting action on, referred
12/18
to Governor with power
to
approve
until
Jan.
1,
where
authorized
Secretary
clearly within Board's usual policy and to enter
12/19
in minutes for Board's approval
Applications, letter to Mr. Jesse Jones stating that reductions are not effective until approved by Board 11/ 7
Copy of letter sent to Comptroller
4/15
Capital impairment, memo of Jr.i
Wyatt raising question as to
whether Board should approve reductions when impairment will remain, not to refuse for this
12/18
reason alone
National Citizens Bank of Canby, Linn., reduction approved in
plan involving sale of preferred stock to R.F.C. 12/22
National Citizens Bank of Mankato, Minn., reduction approved in
12/27
plan for sale of preferred stock or debentures
National City Bank of New York, N. Y., reduction in plan involving sale of preferred stock, :Jr. Perkins and Mr.
Lancaster confer with R.F.C. officials and Gov13/28
ernor Black, approved
National Safety Bank and Trust Co., New York, N. Y., reduction ap12/19
proved, plan involving sale of preferred stock
Niagara County National Bank & Trust Co., Lockport, N. Y., reduction approved in plan involving sale of preferred stock to R.F.C. and/or others
12/29
North Berwick National Bank, North Berwick, lie., reduction approved in plan involving sale of preferred stock
12/22
at premium and new common stock
Northwestern
National Bank of Litchfield, Minn., reduction approved in plan involving sale of preferred
12/27
stock or debentures
Old
National Bank of Centralia, Ill., reduction approved in plan
involving sale of preferred stock to R.F.C. and
others
12/18
Facific National Bank, San Francisco, Calif., reduction approved
in plan involving sale of preferred stock to
Reliance Securities Co.
12/19
l'eoples National Bank and Trust Co., Washington, Ind., reduction
approved in plan involving sale of preferred
stock to R.F.C.
12/11
13°°Ples National Bank and Trust Co., White Plains, N. Y., reduction approved, plan involving issue of common and
preferred stock and loan to affiliate by R.F.C. 11/ 6

327
590
590

90
223

443

455
64-6
133

439
544
590

195-6
459

668

541

590

424

463

354

132
Stock, capital: (Continued)
Peoples State Bank, Plainview, iiinn., certificate showing required increase in, no action on termination of
11/28
membership
Perth Amboy National Bank, Perth Amboy, N. J., to be reduced and
11/11
then increased by sale of common stock
Redfield National Bank, Redfield, S. Dak., reduction approved in
plan involving sale of preferred stock or debentures
Red River National Bank in Clarksville, Texas, reduction approved 12/27
101
in plan involving sale of preferred stock
Safe Deposit National Bank of New Bedford, Mass., reduction approved in plan involving sale of preferred stock
12/18
to R.F.C.
Savannah Bank and Trust Co., Savannah, Ga., reduction, and sale
13/28
of capital notes to R.F.C., no objection
Second National Bank of Hamilton, Ohio, reduction approved in
plan involving sale of preferred stock to R.F.C.,
12/19
stockholders and others
Second National Bank of Malden, Mass., reduction approved in
plan involving sale of preferred stock, half to
R.F.C. and half to be paid for from special
12/29
deposit
(See also Voting permits, Old Colony Trust Associates)
Second National Bank of New Haven, Conn., reduction approved in
12/21
plan involving sale of new common stock
Security National Bank of Arkansas City, Kansas, stock reduction
approved in plan involving issue of preferred
stock, stockholders' contribution and absorption
101
of Union State Bank
12/27
Consolidation abandoned and condition amended accordingly
Security National Bank of Cheney, Wash., reduction approved in
plan involving sale of preferred stock or
12/27
debentures
Security National Bank and Trust Company of Faribault, Minn.,
reduction approved in plan involving sale of
preferred stock or debentures
Security National Bank and Trust Company of Sioux Falls, S. Dak.,12127
reduction approved in plan involving sale of
12/27
preferred stock or debentures
Souhegan National Bank of Milford, N. H., reduction approved in
plan involving sale of preferred stock to R.F.C. 108
Spokane and Eastern Trust Co., Spokane, Wash., recapitalization
plan involving common stock reduction and sale of
capital debentures to R.F.C.
12/27
State National Bank of Texarkana, Ark., reduction approved in
plan involving sale of preferred stock to R.F.C. 12/29
National
Bank of Fremont, Nebr., reduction approved in
Stephens
plan involving sale of preferred stock to R.F.C.
and loan to Fremont Mortgage Co. by R.F.C.12/26
Stockyards National Bank of South Omaha, Nebr., reduction approved in plan involving sale of preferred stock or
debentures
12/27
Stockyards National Bank of South St. Paul, Minn., reduction approved in plan involving sale of preferred
stock or debentures
12/27

215
91

590
93

417
224

460

662

492

566
590

590
590
419

596
'
1
671

571
590

590

133
Pages

Stoclc,
capital: (Continued)
Texarkana National Bank, Texarkana, Tex., reduction approved
4/20
Third Northwestern National Bank of Minneapolis, Minn., reduction approved in plan involving sale of preferred stock or debentures
12/27
Trade Bank of New York, N. Y., reduction approved subject to prescribed conditions, in plan involving sale of
capital notes to R.F.C.
109
Union Bank and Trust Co., Helena, Mont., common stock reduction
and sale of preferred stock or debentures to
R.F.C., no objection, in connection with voting
permit for Northwest Bancorporation
12/27
Union National Bank of Wichita, Kansas, reduction approved in
plan involving sale of preferred stock to R.F.C. 4/28
Union Stock Yards National Bank, Wichita, Kansas, reduction approved in plan involving sale of preferred stock
to R.F.C.
12/ 8
Union Trust Company of Maryland, Baltimore, Md., membership condition amended to provide for transfer of 935 of
stock to City Certificates Corporation instead
of 97
4/29
United States National Bank of Galveston, Texas, reduction approved in plan involving sale of preferred
stock to R.F.C.
12/22
Webster and Atlas National Bank of Boston, Mass., reduction approved in plan involving sale of preferred stock
question of dividend rate on common stock
11129
Y•
IP)
mang National Bank of Casper, Wyo., reduction approved in
plan involvinr, sale of preferred stock to R.F.C. 11,./28
Stoc
lc, corporate:
Bank Of Canton, Ga., time extended for disposal of stock
of Canton Cotton Mill which was membership condition
12/21
Purchase by bank from affiliate -which is to be placed in liquidation, to prevent loss by forced sale, agreement with view of counsel of FRBank of Philadelphia that it is legal
12/ 4
1,11.cl :
s
e also State member banks, York Trust Co.)
by member banks under Sec. 5136 of Revised Statutes,
Board rules that acquisition by merger is not
"purchase"
12/ 4
Viheeling Bank and Trust Co., Wheeling, W. Va., Mr.
Williams desirous of modification of condition of merger
with Dollar Savings and Trust Co., that no corporate stocks be acquired, referred to Counsel
4/29
Memo of 14r. Wingfield, Board takes position that acquisition through merger is not "purchase", FRAgent
to be advised of reconsideration and stocks to
be disposed of as soon as feasible
12/ 4
(see also Consolidations)
4'rk Trust Co., York, Pa., reply that stocks held by York Securities Corporation, which is to be placed in liquidation, may be purchased to prevent loss by
forced sale
12/ 4
Stock, PRBank:
Praarik of
Atlanta:
Aliceville Bank and Trust Co., Aliceville, Ala., application 101

178

590

669

591
227

330

260

547

264
227

490

280

271-2

258-9

271-2

280

134

pages

Stock, FRBank: (Continued)
FRBank of Atlanta: (Continued)
la/ 6
Bank of Canton, Ga., application approved
Birmingham Trust & Savings Bank, Birmingham, Ala., applica12,/27
tion approved
11/28
De Soto National Bank, Arcadia, Fla., surrender approved
East Tennessee National Bank, Knoxville, Tenn., issue approv109
ed if and when authorized to commence business
101
National Bank, Geneva, Ala., surrender approved
First National Bank of Commerce, Tarpon Springs, Fla., sur11/23
render approved
First National Bank, DeFUniak Springs, Fla., additional appli12/28
cation approved
First National Bank, Hattiesburg, Miss., surrender approved 11/ 7
111/1/,37
First National Bank, Headland, Ala., surrender approved
First National Bank, Miami, Fla., surrender approved
101
First National Bank, Oxford, Ala., surrender approved
First National Bank in Tarpon Springs, Fla., request of Er.
McCrocklin for return of payment on, because of
withdrawal from organization, refund to be held
11,/ 6
pending status of organization plans
11,/28
Hartford National Bank, Hartford, Ala., surrender approved
Hibernia Bank and Trust 'Jo., New Orleans, La., application
for cancelation, made by Messrs. Sims and McGuire approved and previous application revoked 11/ 7
Jackson National Bank, Jackson, Ga., application approved109
Surrender approved
Mercantile Bank and Trust Co., Miami Beach, Fla., applica17,/ 6
tion approved
101
application
Ala.,
Cullman,
Co.,
Parker Bank and Trust
St. Charles Bank and Trust Co.: (See infra St. Charles
National Bank)
St. Charles National Bank of Norco, La., application of St.
Charles Bank and Trust Co. for original stock
to be issued in name of, approved, instructions
4/28
for revised application
FRBank of Boston:
Bristol County Trust Co., Taunton, Mass., application
V11
11/1
City National Bank, Belfast, Me., surrender approved
11/ 1
Claremont National Bank, Claremont, N. H., surrender
11/ 6
Original application approved
11/20
First National Bank of Fort Fairfield, Le., application
12,/ 6
First National Bank, Lewiston, Me., application approved
First National Bank of Pepperell, East Pepperell, Mass.,
12/21
surrender approved
12,/29
First National Bank in Pepperell, Mass., application
4/28
National
Bank,
surrender
approved
First
Portland, Me.,
Montpelier National Bank, Montpelier, Vt., surrender
Application approved
//22
E/2
National Black River Bank, Proctorsville, Vt., surrender
National
Bank
of
8
H.,
12,/
application
Rochester, N.
New Public
108
Amended application approved and previous one revoked
11/28
Peoples-Ticonic National Bank, iiaterville, Le., surrender
of
1.,
Hospital
Bank
R.
Providence,
Island
National
Rhode
application approved
g/
1/
lebster National Bank, :lobster, Mass., surrender approved

25
600
255
464
Farmes
255
624
67
400
67
117

29
255

62
479
64.6

251
80
116
5
55
191
315
499
646
254
646
345
427
254
566
254

135
Pages
Stook, FRBank: (Continued)
FRBank of Boston: (Continued)
Welden National Bank of St. Albans, Vt., surrender approved 101
12/22
Wellesley National Bank, aellesley, Mass., surrender
124/18
Windham National Bank of Bellows Falls, Vt., application
FRBank of Chicago:
12/18
Bank of Kalamazoo, Mich., surrender approved
Cedar Grove National Bank, Cedar Grove, Ind., surrender
la/ 6
Central National Bank at Battle Creek, Mich., application
13/20
12/ 6
Citizens National Bank, Belle Plaine, Iowa, surrender
11/28
Citizens National Bank, Hampton, Iowa, surrender approved
City National Bank in Dixon, Ill., application approved
11/28
11/28
Commercial National Bank, Wilmington, Ill., surrender
Cumberland County National Bank in Neoga, Ill., application 124/18
Dickinson Trust Co., Richmond, Ind., application for cancelation executed by unauthorized officer, FRAgent
11,/ 7
to obtain corrected application
100
Farmers (I First National Bank, New Castle, Ind., surrender
Farmers and :derchants National Bank in Benton Harbor, Mich.,
101
application approved
11/28
Farmers & Wabash National Bank, :abash, Ind., surrender
Farmers-Merchants National Bank, Princeton, Wis., surrender 12/13
Farmers-iderchants National Bank in Princeton, Wis., applica12/18
tion approved
101
Farmers National Bank, Aledo, Ill., surrender approved
11120
Farmers National Bank, Cambridge, Ill., surrender approved
107
Farmers National Bank, Henderson, Iowa, surrender approved
13120
Farmers National Bank, Kingsley, Iowa, surrender approved
14/20
Farmers National Bank, Viola, Ill., surrender approved
108
Farmers State Bank, Armada, Mich., surrender approved
First-Henry National Bank, Henry, Ill., surrender approved
11/28
First National Bank, Almont, Mich., surrender approved
11/28
First National Bank in Ashton, Iowa, surrender approved
la/ 6
First National Bank, Avoca, Mich., surrender approved
11/28
First National Bank in Braidwood, Ill., surrender approved
4/20
First National Bank, Clearfield, Iowa, surrender approved
12/13
First National Bank, Clinton, Ind., surrender approved
12/13
First National Bank, Compton, Ill., surrender approved
114/20
First National Bank, Dallas City, Ill., surrender approved
4/11
First National Bank, Dunkerton, Iowa, surrender approved
12/13
First National Bank, Exira, Iowa, surrender approved
108
First National Bank, Grand River, Iowa, surrender approved
101
First National Bank of Hampton, Iowa, application approved
101
. Amended application approved and previous one revoked
4/28
First National Bank, Hawarden, Iowa, surrender approved
11/28
First National Bank in Hawarden, Iowa., application approved la/ 8
First National Bank, Hawkeye, Iowa, surrender approved
13120
First 74:ational Bank, Hubbard, Iowa, surrender approved
12/13
First National Bank, La Harpe, Ill., surrender approved
12/13
First National Bank, Le /airs, Iowa; surrender approved
la/ 6
First National Bank, Little Rock, Iowa, surrender approved
11/28
Firct National Bank, Mapleton, Iowa, surrender approved
11/ 6
l'irst National Bank, Marathon, Iowa, surrender approved
12/13
First National Bank of Marshal Co., Plymouth, Ind., sur11120
render approved

116
566
447
448
314
191
314
255
254
255
447

61
192
116
255
400
447
117
192
601
192
192
447
255
255
314
255
192
400
400
192
117
400
255
117
116
231
255
343
192
400
400
314
255
54
400
192

136
Stock, FRBank: (Continued)
FRBank of Chicago: (Continued)
First National Bank, Monticello, Ill., surrender approved
First National Bank, Morrison, Ill., surrender approved
First National Bank, Neillsville, Wis., surrender approved
First National Bank, Oregon, Ms., surrender approved
First National Bank in Peru, Ill., application approved
First National Bank, Ransom, Ill., surrender approved
First National Bank, Richmond, lach., surrender approved
First National Bank, Rochester, Mich., surrender approved
First National Bank, Rock Valley, Iowa, surrender approved
First National Bank, St. Ansgar, Iowa, surrender approved
First National Bank, Savanna, Ill., surrender approved
First National Bank, Shawano, Mich., surrender approved
First National Bank, Steward, Ill., surrender approved
First National Bank at Swayzee, Ind., application approved
First National Bank, Swayze°, Ind., surrender approved
First National Bank, Valley Junction, Iowa, surrender
First National Bank in -;labash, Ind., application approved
Wakarusa, Ind., surrender approved
First National
Ypsilanti, Mich., surrender approved
National
Bank,
First
First National Bank & Trust Co. of Bloomington, Ill.,
surrender approved
First National Trust and Savings Bank, Port Huron, Mich.,
surrender approved
Savings Bank of Sycamore, Ill., application
and
First Trust
Knoxville-Citizens National Bank & Trust Co., Knoxville,
Iowa, surrender approved
Main State Bank, Chicago, Ill., application approved
Marion National Bank, Marion, Ind., surrender approved
Millington National Bank, Millington, Mich., surrender
Muscatine Bank & Trust Co., Muscatine, Iowa, application
National Bank of Canton, Ill., application, approved
National Bank of Edgerton, Wis., application approved
National Bank of Hastings, Mich., application approved
National Bank of Monticello, Ill., application approved
National Bank of Rockwell City, Iowa, application approved
National Bank of Savanna, Ill., application approved
National Bank of Washington, Iowa, application approved
National Bank of iiyandotte, Mich., application approved
National Exchange Bank of Fond du Lac, Wis., application
New London National Bank, New London, Iowa, surrender
Neuman National Bank, Newman, Ill., surrender approved
Old-First National Bank and Trust Co., Fort Wayne, Ind.,
surrender approved
Old-Merchants National Bank and Trust Co., Battle Creek,
Mich., surrender approved
Olney National Bank, Hartford, Mich., surrender approved
Personal Loan & Savings Bank, Chicago, Ill., application
Rochester National Bank of Rochester, Mich., application
Rockwell City National Bank, Rockwell City, Iowa, surrender
Tipton National Bank, Tipton, Iowa, surrender approved
Union Industrial Trust & Savings Bank, Flint, Mich., surrender approved

12/21
12/21
11/11
11/
12/18
11/28
11/28
12/13
11/11
12/13
11/28
4/28
11/28
11/ 7
11/11
12/21
12/13
12/ 6
11/ 1
11/28

500

5o0
54
447

265

256
400
117
400
255
256
255
66
111
500

399
314
15
256

3.3.7

11/11
12/11 375
3.3
11/ 1 60
11/11
12/ 6 314
11/28 256
12/ 6 515

n/ 6 55
11/20 191

12/ 4 291
315
12/

12/ 8 345
11/20 191
3.93.
11/20
375
12/11
345
12/ 8
13/20
11/28 256

11/20 192
400

12/13
514
12/ 8
26
11/ 6
161
11/15 400
12/13
11/ 1
3.3
11/ 1

137
Pages
Stc'eks FRBank: (Continued)
FRBank of Cleveland:
108
Blairsville National Bank, Blairsville, Pa., application
Cambridge,
Ohio, surrender approved
Central National Bank,
12/27
Central National Bank at Cambridge, Ohio, application
12/26
Citizens National Bank of -;:oodsfield, Ohio, application
11/28
Coshocton National Bank, Coshocton, Ohio, application
12/18
Crafton National Bank, Crafton, Pa., application approved
11/28
Depositors National Bank, New Wilmington, Pa., application
13128
Farmers Bank of Bellville, Ohio, application approved
l]/6
Farmers National Bank of Conneautville, Pa., application
12/27
Farmers National Bank, Freeport, Pa., surrender approved
11/6
Farmers l'ational Bank of Mercer, Pa., application approved
4/28
First National Bank at Albion, Pa., application approved
13/28
First National Bank, Barbourville, Ky., surrender approved
11/28
First National Bank in Bellaire, Ohio, application approved 12/19
First National Bank of Braddock, Pa., application approved
12/ 4
First National Bank in Bryan, Ohio, application approved
4/28
First National Bank of Caldwell, Ohio, application approved 4/28
First National Bank at Carrollton, Ohio, application
12/18
First National Bank, Cherry Tree, Pa., surrender approved
11/20
First National Bank at Conneaut Lake, Pa., application
12/19
First National Bank in Derry, Pa., surrender approved
11128
First National Bank at East Palestine, Ohio, application
12/ 4
First National Bank, Finleyville, Pa., surrender approved
4/28
First National Bank in Finleyville, Pa., application
101
First National Bank, Kinsman, Ohio, application approved
ll/ 7
First National Bank, Lowell, Ohio, surrender approved
ll/ 6
First National Bank, New Wilmington, Pa., surrender approved 12/21
First National Bank, Oak Harbor, Ohio, surrender approved
11,/ 6
First National Bank, Plumville, Pa., surrender approved
4/11
First National Bank, Portsmouth, Ohio, surrender approved
4/28
First rational Bank, Scottdale, Pa., surrender approved
12/13
First National Bank, Stanford, Ky., surrender approved
12/13
First National Bank, Woodsfield, Ohio, surrender approved
12/13
First National Bank & Trust Co., Tarentum, Pa., surrender
12/21
Fredonia National Bank at Fredonia, Pa., application
12/ 8
Greenville National Bank, Greenville, Ohio, surrender
12/27
Hamilton County National Bank, Cleves, Ohio, surrender
4/20
Harveysburg National Bank, harveysburg, Ohio, surrender
12/21
Jefferson County National Bank, Brookville, Pa., surrender
12/21
Lagonda National Bank of Springfield, Ohio, application
12/20
Lynch rational Bank, Lynch, Ky., previous application for
cancelation of stock revoked and new application approved
4/ 6
latsfield Savings Bank and Trust Co., Mansfield, Ohio, application approved
12/26
tiontpelier National Bank, Montpelier, Ohio, surrender
12/29
National Bank of John A. Black, Barbourville, Ky., surrender 11/28
National Bank of Montpelier, Ohio, application approved
12/20
National Bank of Portsmouth, Ohio, application approved
11,/ 6
New Florence rational Bank, New Florence, Pa., application
12/ 8
. Surrender approved
4/28
Paintsville National Bank, Paintsville, Ky
surrender
12/27
Peoples National Bank of Rural Valley, Pa., application
12/26
Peoples rational Bank of Somerset, Pa., application approved 12/18

253
601
580
253
447
253
253
26
600
53
253
253
254
478
291
253
253
447
192
478
254
291
254
116
66
53
500
53
117
254
399
399
399
500
343
601
192
499
500
483

29
580
646
254
483
53
343
254
601
580
447

138

Pages

Stock, FRBank: (Continued)
FRBank of Cleveland: (Continued)
Pleasant Unity National Bank, Pleasant Unity, Pa., surrender 108
12/21
Rural Valley National Bank, Rural Valley, Pa., surrender
12/21
\Toledo Trust Co., Toledo, Ohio, application approved
12721
Union National Bank of Barbourville, Ky., application
Union National Bank, .iOstoria, Ohio, surrender approved
Union National Bank of Xaynesburg, Pa., application approved V/II
FRBank of Dallas:
103
Citizens National Bank, Llano, Texas, surrender approved
Citizens State Bank & Trust Co., Goose Creek, Texas, appli12/27
cation approved
12/21
Clyde National Bank, Clyde, Texas, surrender approved
Texas,
Uvalde,
Bank,
application
of
Commercial National
108
liquidating agent for cancelation approved
12/28
application
approved
First National Bank, Alto, Texas,
12177
1
First National Bank in Canyon, Texas, application approved
First National Bank, Channing, Texas, surrender approved
First National Bank, Lubbock, Texas, application approved
106
First National Bank in Luling, Texas, application approved
6
/21
1:
First National Bank, Meadow, Texas, surrender approved
11/28
First National Bank, Sylvester, Texas, surrender approved
Hico National Bank, Hico, Texas, surrender approved
National Bank of West, Texas, surrender approved
13
Santa Anna National Bank, Santa Anna, Texas, application
2-8
/
//2
Kansas
of
City:
FRBank
Boulder National Bank, Boulder, Colo., surrender approved
108
Central City National Bank, Central City, Nebr., surrender
11/28
Citizens National Bank in Independence, Kansas, application 108
11/ 6
Citizens State Bank, Pawnee City, Nebr., application
City National Bank & Trust Company of Kansas City, :d0.,
application approved
12/28
Commercial Bank of Liberty, Mo., application approved
12/ 8
12/22
Commercial National Bank, Kansas City, Kansas, surrender
Fidelity National Bank L Trust Co., Kansas City, Mo., surrender approved
First National Bank, Albuquerque, N. :Tex., surrender approved 1
2,
'N
Application revoked because of discharge of conservator,
necessary for bank to go into liquidation before
cancelation
First National Dank, Boulder, Colo., surrender approved
11/2
/18
1
First National Bank, Central City, Colo., surrender approved 11128
First National Bank, Glenvil, Nebr., surrender approved
109
First National Bank in Grand Junction, Colo., application
12/12
First National Bank, Havensville, Kans., surrender approved 11/ 1
First National Bank, Haviland, Kansas, surrender approved
11/28
First National Bank, La Veta, Colo., surrender approved
11/28
First National Bank, Oakland, Nebr., surrender approved
11/ 1
First National Bank at Ponca City, Okla., application
108
Jewell County National Bank, Burr Oak, Kansas, surrender
11/28
Packers National Bank in Omaha, Nebr., application approved 12/29
Rubey National Bank, Golden, Colo., surrender approved
11/28
FRBank of Minneapolis:
Dakota State Bank, Dakota, Minn., application approved
101
Farmers and Merchants State Bank of Sacred heart, Minn.,
application approved
101

255
500

499
499
60].

373
401
585
500

425
624
600
13
580
580
500

256
400

26
234
256
256
624
26

824
566
400
13

84
266
266
641
369
13
266
266
13
441
256
646
266
80
80

139
Pages
St°c1c, FRBank: (Continued)
FRBank of Minneapolis: (Continued)
Farmers National Bank, Chinook, Mont., surrender approved
First National Bank, Conrad, Mont., surrender approved
First National Bank, Dickinson, N. Dak., surrender approved
First National Bank, Fosston, Linn., surrender approved
First National Bank, Goodhue, Minn., surrender approved
First National Bank, Grand Forks, N. Dak., surrender
First National Bank, Hayti, S. Dak., surrender approved
First National Bank, Lake Linden, Mich., surrender approved
First National Bank, Larmarth, N. Dak., surrender approved
First National Bank, New Richland, Minn., surrender approved
First National Bank in Ontonagon, Mich., application
First National Bank, Park Rapids, Minn., surrender approved
First National Bank, Rhinelander, Wis., application approved
First National Bank, Rock Lake, N. Dak., surrender approved
First National Bank, Thief River Falls, Minn., surrender
First National Bank, Valier, Mont., surrender approved
First National Bank, White Lake, S. Dak., surrender approved
First State Bank of Chatfield, Minn., application approved
First State Bank of Libby, Mont., application approved
Lake Crystal National Bank, Lake Crystal, Minn., application
Merchants State Bank, Freeman, S. Dak., application approved
Miners National Bank of Ishpeming, Lich., application
National Bank of Anaconda, Mont., surrender approved
Security State Bank of Cannon Falls, 'ann., application
Superior Rational Bank, Hancock, Mich., application approved
Union National Bank of Ashland, Wis., application approved
'
4110ank of New
York:
Andover National Bank, Andover, N. Y., application approved
Bank of New York & Trust Co., New York, N. Y., application
Belmar National Bank, Belmar, N. J., application approved
Branchville National Bank, Branchville, N. J., application
Brasher Palls National Bank, Brasher Falls, N. Y., surrender
Broad Street National Bank, Red Bank, N. J., receiver has
not applied for cancelation, Board will not
require, pending possible reorganization
Central Hanover Bank & Trust Co., New York, N. Y., application approved
Central National Bank of Washingtonville, N. Y., application
Crestwood National
Bank in Tuckahoe, N. Y., application
Application revoked and amended application approved
Edgewater National Bank, Edgewater, N. J., application
First Merchants National Bank & Trust Co., Middletown, N. Y.
surrender approved
First National Bank, Belmar, N. J., surrender approved
First National Bank, Branchville, N. J., surrender approved
Fi..rct National Bank, East Islip, N. Y.,
application
F?.rst 'rational Bank, Garfield, N.
J., surrender approved
First National Bank, Gouverneur, N.
Y., surrender approved
First National Bank in Gouverneur,
N.
Y., application
F.
National Bank of Spring Lake, N. J., application
st National Bank
in Washingtonville, N. Y., surrender
rst national Bank
in Yonkers, N. Y., application approved
irst National Bank
and Trust Co., Yonkers, U. Y., application of conservator for cancelation approved

11/11
11/11
11/7
11/ 1
11/28
11/].
12/21
11/28
12/21
13/1
12/ 4
12/21
11/20
12/27
11/11
11/28
12/27
12/ 6
11/6
12/18
12/ 6
12/18
12/21
11/6
11/20
12/ 4

117
117
67
13
256
13
500
256
500
13
292
500
191
601
117
256
601
314
26
447
314
447
500
25
191
292

12/27
12/27
11/28
11/28
12/27

600
600
253
253
601

11/20

174

12/27 600
12/29 646
12/20 483
12/26 573
12/21 499
12/21
12/13
12/13
12/21
12/ 6
11/28
101
12/21
12/29
108

499
399
399
499
314
254
116
499
646
447

108

427

140
Stock, FRBank: (Continued)
FRBank of New York: (Continued)
4/20 192
Gavitt National Bank, Lyons, N. Y., surrender approved
4/ 6 26
Eassena Banking and Trust Co., Eassena, N. Y., application
Merchants National Bank, Dunkirk, N. Y., surrender approved 12/21 499
107 600
Metuchen National Bank, Metuchen, N. J., application
11/ 6 53
National Bank of Florida, N. Y., application approved
102 566
National Bank of Tuxedo, N. Y., application approved
11/20 191
National Central Bank, Cherry Valley, N. Y., surrender
291
1 /4
/2
National 6praker Bank in Canajoharie, N. Y., application
53
11/
6
Orange,
N.
J.,
application
Orange First National Bank of
4/26 254
Orange National Bank, Orange, N. J., surrender approved
FRBank of Philadelphia:
111 13.6
Berwyn National Bank, Berwyn, Pa., application approved
12/22 566
approved
First National Bank in Birdsboro, Pa., application
12/29 646
First National Bank, Columbus, N. J., surrender approved
485
11/29
0
First National Bank in Fleetwood, Pa., application approved
11/28 264
First National Bank, Goldsboro, Pa., surrender approved
12/
6 514
First National Bank, New Berlin, Pa., surrender approved
600
12/27
First National Bank in New Egypt, N. J., application
601
First National Bank, New Freedom, Pa., surrender approved
419
First National Bank in New Freedom, Pa., application
192
First National Bank, Port Norris, N. J., surrender approved g
First National Bank, Somers Point, N. J., surrender approved 4/20 192
Mechanics National Bank and Trust Co., Eillville, N. J.,
101 116
surrender approved
255
Miners Bank of Wilkes-Barre, Pa., application approved
254
1
Mount Ephraim National Bank, Mount Ephraim, N. J., surrender 1/4
Peckville National Bank, Peckville, Pa., surrender approved 12/ 6
624
Scranton National Bank, Scranton, Pa., application approved 12/26
4/26 255
Strausstown National Bank in Strausstown, Pa., application
Tulpehocken National Bank & Trust Co., Philadelphia, Pa.,
12/29 646
surrender approved
109 646
Union National Bank, Scranton, Pa., surrender approved
624
Yardley National Bank, Yardley, Pa., application approved
FRBank of Richmond:
78
1
1:/2
/1
18
Bank of LaCrosse, Va., application approved
4/26 264
Cecil National Bank at Port Deposit, Md., application
Central National Bank, Spartanburg, S. C., surrender
11/ 6 79
Citizens Bank, Inc., of bouth Hill, Va., application
101 80
Citizens Bank and Trust Co., Concord, N. C., application
,
V28 256
Citizens National Bank, Gastonia, N. C., surrender approved
:
11
Dominion National Bank, Bristol, Va., application approved
11 111
1/
1/2
Edisto National Bank, Orangeburg, S. C., surrender
3.92
First National Bank, Grantsville, Md., surrender approved
0 800
1na
First National Bank, Hancock, Md., surrender approved
315
121/1
First National Bank in Honaker, Va., application approved
256
4/28
First National Bank, Keyser, W. Va., surrender
ur
approved
54
!
First National Bank in Onancock, Va., application approved
::/
/2: 441
12/18
First National Bank, Onancock, Va., surrender approved
151
First National Bank in Orangeburg, S. C., application
106 343
First National Bank in Parkton, Md., application approved
12/ 8
500
First National Bank, Ronceverte, W. Va., surrender approved 12/21 .33.6
First National Bank in Ronceverte, W. Va., application
599
First National Bank in West Union, W. Va., application
Merchants and Miners National Bank of Oak Hill, "J. Va.,
application approved
12/18

33.4

441

141
Pages
St°6k, FRBank: (Continued)
FRBank of Richmond: (Continued)
National Bank of Commerce, Norfolk, Va., surrender approved 12/22
National Bank of Fairmont, W. Va., surrender approved
12/13
National Bank of Reyser, W. Va., application approved
11/15
Oxford National Bank, Oxford, h. C., application approved
12/20
Patapsco National Bank, Ellicott City, Md., surrender
11/11
Peoples National Bank of hancock, :M., application approved 12/ 4
Tryon Bank & Trust Co., Tryon, N. C., application approved
11/11
Tucker County Bank, Parsons,
Va., application approved
11/6
Union Bank and Trust Co., Amelia, Va., application approved 11/11
Union National Bank of Oxford, N. C., application approved
12/ 4
FRBank of St. Louis:
Farmers National Bank, Dahlgren, Ill., surrender approved
11/28
First National Bank, Columbia, Ill., surrender approved
11/28
First National Bank, Dardanelle, Ark., surrender approved
11/28
First National Bank in East St. Louis, Ill., surrender
12/29
First National Bank of IA. Vernon, Ill., application
11/28
First National Bank, Murray, Ky., surrender approved
12/13
First National Bank, Sumner, Ill., surrender approved
11/7
First National Bank, Tamaroa, Ill., surrender approved
12/27
Peoples American National Bank, Princeton, Ind., surrender
11/6
"wank of San Francisco:
Albany State Bank, Albany, Ore., surrender approved
11/28
First National Bank in Salem, Ore., surrender approved
11/11
First Security Bank of Idaho, Boise, Idaho, additional application approved on assumption that bank owns in
its own right stock previously subscribed to
12/26
James M. Peterson Bank, Richfield, Utah, surrender approved 11/28
Le Grand Bank, Le Grand, Calif., application approved
11/11
Lewiston National Bank, Lewiston, Idaho, permission to conservator for cancelation of
11/6
0113a101.
ields National Bank.in Brea, Calif., application
12/13
Applicant banks for membership, advice to ir. Hoxton that
debentures must be included in capital in determining amount of subscription for
Code word covering advice of payment on subscription by
organizing national banks, to show number of
shares and date application was forwarded to
Board
hoe
ks
preferred:
41Ec110 National
Bank of San Antonio, Texas, issuance in plan involving common stock reduction
AlbanY National Bank, Laramie, Wyo., sale to R.F.C. in plan
involving common stock reduction
erican National Bank of Klamath Falls, Ore., sale to a.i.c.
in plan involving common stock reduction
Azer
jean National Bank of Sidney, Nebr., sale to R.F.C. in
plan involving common stock reduction
Aqui
dflock National Exchange Bank and Savings Company of Newport,
ArkR.I., sale to R.F.C. in recapitalization plan
alLas Ncttional Bank of Hot Sprinf,s, Ark., sale to R.F.C. in
plan involving common stock reduction
Ballkers Trust Co., Des Lloines, Ioma, sale of Class A and Class
B preferred stock to R.F.C. and/or others in
plan involving common stock reduction

566
400
151
483
117
291
80
26
80
291
256
256
256
646
254
400
67
601
54
257
117

573
257
79
29
399

11/28

212

12/12

387

11/ 6

12/19

462

12/27

585

12/ 6

307

11/29

264

12/19

461

12/29

638

142

Fag

Stock, preferred: (Continued)
Bendersville National Bank, Bendersville, Pa., sale in plan in12/ 6
volving reduction of common capital stock
sale
to
R.F.C.
Sandpoint,Idaho,
National
Bank
of
Bonner County
12
in plan involving common stock reduction
reduction
Mass.,
common
stock
Brockton National Bank, Brockton,
/26
in plan involving sale of Class A to R.F.C. and
11/28
Class B to others
Calistoga National Bank, Calistoga, Calif., sale to R.F.C. in
12/29
plan involving common stock reduction
Caney Valley National Bank, Caney, Kansas, issuance in plan in11/ 6
volving common stock reduction
Central National Bank of Columbus, Nebr., sale to R.F.C. in plan
12/22
involving common stock reduction
Chase National Bank of the City of New York, N. Y., sale to
R.F.C. and/or others in plan involving common
12/27
stock reduction
Mr. Miller desirous of being recorded as voting in favor of 1g/26
Citizens National Bank of Bedford, Ind., sale to R.F.C. in plan
12/19
involving common stock reduction
Citizens National Bank of Chicago Heights, Ill., sale to R.F.C.
11/28
in common stock reduction plan
Citizens National Bank of Evansville, Ind., application for fiduciary pouers approved when merger with Citizens Trust and Savings Bank is consummated, and
101
subject to sale of
Citizens National Bank of Hope, Ark., sale to R.F.C. in plan involving common stock reduction
Citizens National Bank of Paris, Ill., sale to R.F.C. in plan in1/2:
1:/2
volving common stock reduction
Citizens National Bank of Webb, Iowa, sale to R.F.C., in plan
12/ 8
involving common stock reduction
Citizens National Bank and Trust Company of Ridgewood, N. J.,
sale of Class A to R.F.C. and Class B convert12/22
11/2
ible
City National Bank of Atchison, Kansas, sale of, to R.F.C. in
plan involving common stock reduction
8
Commercial National Bank of Hillsboro, Ore., sale to R.F.C. in
12/29
plan involving common stock reduction
Commercial National Bank of Lakeview, Ore., sale to R.F.C. in
108
plan involving common stock reduction
Board offers no objection to purchase of less preferred
109
stock than contemplated
Commercial National B/Ink of Santa Ana, Calif., sale to R.F.C.
109
in plan of recapitalization
Continental Illinois National Bank and Trust Co., Chicago, Ill.,
condition of common stock reduction amended to
provide that R.F.C. purchase only balance of issue, after shareholders have subscribed
11/28
Crescenta-Canada National Bank at Montrose, Calif., sale to
R.F.C. in plan involving common stock reduction 11/28
Denver National Bank, Denver, Colo., sale to R.F.C. in plan involving common stock reduction
DeWitt County National Bank of Clinton, Ill., sale to R.F.C. in
/2
::/22
2
plan involving common stock reduction

305
571

222
611
35

346
661611

461
22

353

461
618
328

648
221
673
42
61

23
250
646
544

143
Pages
8t00k, preferred: (Continued)
Equitable Trust Co., Atlantic City, N. J., question of issue to
be retired at premium, pointed out that Perth Amboy Trust Co. and Raritan Trust Co. used plan
(See also State member banks)
Everett National Bark, Everett, Mass., sale to R.F.C. in plan involving reduction and sale of common stock
12/ 4
Exchange National Bank of Olean, N. Y., sale to R.F.C. in plan
involving coiamon stock reduction
12/13
First City National Bank of Floresville, Texas, sale to R.F.C.
in recapitalization plan
11/29
First National Bank of Albion, Nebr., sale to R.F.C. in plan
involving common stock reduction
12/11
First National Bank of Antioch, Ill., sale to R.F.C. in plan
involving common stock reduction
11/28
First National Bank of Bar Harbor, Me., sale to R.F.C. in plan
involving common stock reduction
11/28
First National Bank of Bayard, Nebr., salc to R.F.C. in plan
involving common stock reduction
12/18
First National Bank, Bonham, Texas, sale to R.F.C. in
Plan involving common stock reduction
12/11
First National Bank of Bradenton, Fla., sale of, and new common
stock in plan involving common stock reduction
12/ 6
First National Bank of Brigham City, Brigham, Utah, sale to
R.F.C. in plan involving common stock reduction 12/18
First National Bank of Concordia, Kansas, sale to R.F.C., in
plan involving common stock reduction
12/ 6
First National Bank of Cooperstown, N. Y., sale to R.F.C. in
plan involving common stock reduction and sale
of new common stock
12/18
First National Bank of Coos Bay at -Marshfield, Ore., sale to
R.F.C. in plan involving common stock reduction 12/22
First rational Bank of Crockett, Calif., sale to R.F.C. in plan
involving common stock reduction
12/18
First National Bank of David City, Nebr., sale to R.F.C. in plan
involving common stock reduction
12/20
First
National Bank of Dodgeville, Wis., sale to R.F.C. in plan
involving common stock reduction
12/ 6
First National Bank of Elko, Nev., sale to R.F.C. in plan involving common stock reduction
12/19
First
National Bank of Enumclaw, Wash., sale to R.F.C. in plan
involving common stock reduction
12/29
First National
Bank of Floydada, Texas, sale to R.F.C. in plan
involving common stock reduction
11/28
First
National Bank of Fontana, Calif., sale to R.F.C. in plan
involving common stock reduction
12/29
First National
Bank of Fort Worth, Texas, sale to R.F.C. in plan
involving common stock reduction
11/28
First
National Bank of Garden Grove, Calif., sale to R.F.C. in
recapitalization plan
11/29
First
National Bank of Gardner, Mass., sale to R.F.C. in plan
involving common stock reduction
12/18
First
Natipnal Bank of Granbury, Texas, sale to R.F.C. in plan
involving common stock reduction
12/29
First
National Bank of Green River, Wyo., sale to R.F.C. in plan
involving common stock reduction
12/19

376

281
398
266
354
225
222
425
355
305
426
307

420
549
427
482
307
463
672
229
639
228
266
416
671
463

144
Stock, preferred: (Continued)
First National Bank of Holtville, Calif., sale to R.F.C. in plan
12/19
involvins. common stock reduction
recapin
R.F.C.
First National Bonk of Holyoke, Colo., sale to
13/29
italization plan
plan
in
First National Bank of Jacksboro, Texas, sale to R.F.C.
12/22
involving, common stock reduction
plan
in
First National Bank of Kennewick, 'crash., sale to R.F.C.
12/28
involving common stock reduction
First National Bank of Lamesa, Texas, sale to R.F.C. in plan
12/18
involving common stock reduction
First National Bank of Logan, Utah, sale to R.F.C. in plan
12/18
involving common stock reduction
First National Bank in Mankato, Kansas, sale to R.F.C. in plan
12/ 8
involving common stock reduction
First National Bank of Mansfield, Mass., sale to R.F.C. in plan
12/29
involving common stock reduction
First National Bank, Mesquite, Texas, sale to R.F.C. in plan
12/11
involving common stock reduction
First National Bark of Morris, Ill., sale to R.F.C. in plan in12/29
volving common stock reduction
First National Bank of Mountain View, Calif., sale to R.F.C. in
plan involving common stock reduction
First National Bank of Murray, Utah, sale to R.F.C. in plan
involving common stock reduction
First Lational Bank of New Bedford, Mass., sale to R.F.C. of
Class A, and to local interests of Class B, in
12/29
plan involving common stock reduction
R.F.C.
to
A
Class
of
J.,
sale
N.
Nutley,
First National Bank of
and Class B and common stock to stockholders and
others
First National Bank of Ogden, Utah, sale to R.F.C. in plan involving common stock reduction
First National Bank of Orange, Calif., sale to R.F.C. in plan
12/29
involving common stock reduction
inplan
in
R.F.C.
to
sale
Nebr.,
in
Ord,
First National Bank
12/ 6
volving common stock reduction
R.F.C.,
A,
Class
to
N.
Y.,
of
sale
of
Perry,
Bank
National
First
and Class B, to holding company in plan in108
volving common stock reduction
plan
in
to
R.F.C.
sale
First National Bank in Richmond, Calif.,
12/12
involving common stock reduction
plan
in
First National Bank of San Dimas, Calif., sale to R.T.C.
12/29
involving common stock reduction
First Rational Bank of Sandoval, Ill., sale to R.F.C. in plan
12/26
involving common stock reduction
First National Bank of San Marcos, Texas, sale to R.F.C. in plan
11/28
involving reduction in common stock
First National Bank of Santa Rosa, N. Mex., sale to R.F.C. in
plan involving common stock reduction and loan
from R.F.C. to separate corporation
First National Bank of Springfield, Vt., sale to R.F.C. in plan
involving common stock reduction
First National Bank of Sterling, Kansas, sale to R.F.C. in plan
involving common stock reduction
First National Bank of Stillwater, Okla., sale to R.F.C. in plan
involving common stock reduction

464

265
641

63.6

425
426

329
651

355
610

1g/ 8 351
12/22 550
668

1g/18 422
351
12/11

1g/22
1g/18
12/12
lg/27

612

306
42
395
612
510

228
546
420
564

588

145
Pages
Stock, preferred: (Continued)
First National Bank of Stromsburg, Nebr., sale to R.F.C. in plan
involving common stock reduction
12/19
First National Bank of Toppenish, Wash., sale to R.F.C. in plan
involving common stock reduction
12/29
First National Bank of Upper Sandusky, Ohio, sale to R.F.C. in
plan involving common stock reduction
12/18
First National Bank of -,Taco, Texas, sale in plan involving
common stock reduction
12/22
First National Bank of ',Vamego, Kansas, sale to R.F.C. in plan
involving common stock reduction and loan from
R.F.C. to mortgage company
12/22
First National Bank of Watervliet, Each., sale to R.F.C. in plan
involving common stock reduction
12/ 8
Amendment to requirement of cash contribution by shareholders
12/27
First National Bank of White Sulphur Springs, Mont., sale of
Class A, to R.F.C. and Class B, to local interests in plan involving common stock reduction
12/22
First National Bank of Wolcott, E. Y., to sell, after common
stock reduction
11/11
First National Bank and Trust Co., Hamilton, Ohio, sale of Class
A, to R.F.C. and Class B, to stockholders and
others in plan involving common stock reduction 12/18
First
National Bank and Trust Co., Muskogee, Okla., sale to R.F.
C. in plan involving common stock reduction
12/29
First National
Bank and Trust Co., New Haven, Conn., sale to
R.F.C. in plan involving common stock reduction 12/18
First National Bank
& Trust Company of Saugerties, :L
Y., to issue in plan involving common stock reduction
11/6
First National
Trust and Savings Bank of San Diego, Calif., sale
to R.F.C. in plan involving common stock reduction
12/11
,. (See also Eational banks)
-"lrst Security Bark of Idaho, Boise, Idaho, issue proposed in
plan involving consolidation of three member and
thirteen nonmember banks, with establishment of
fifteen branches, letter to Comptroller
114/15
Fr•
National Bank, Franklin, Ohio, sale to R.F.C. in plan
involving common stock reduction
12/19
Gua"
4ankice Trust Co., Atlantic City, N. J., question of issuing,
to be retired at premium, in reorganization,
pointed out that Perth Amboy Trust Co. and RanRaritan Trust Co. used plan
12/12
(
also State member banks)
31-1 National Bank of Holcomb, N. Y., sale to R.F.C. and/or
others in plan involving common stock reduction 12/18
ii°11701ce National Bank, Holyoke, Mass., sale to R.F.C. in plan
involving common stock reduction
12/18
ii°14.16 National Bank
of Brockton, Mass., sale of Class A, to R.F.C.
and Class B, to present stockholders and others
11/28
Jerferson Countyin rehabilitation plan
National Bank of Watertown, H. Y., sale to
R.F.C. and local interests in plan involving
common stock reduction
11/ 6
Reply to
Comptroller that sale of increased amount does not
require Board's approval
11/20

462
673
423
548

546
329
586

545
92

424
639
419
31

360

129
460

376

422
417

221

32
175

146

page.

Stock, preferred: (Continued)
Jefferson County National Bank of lAttertown, N. Y.: (Continued)
12/11
Supplemental recommendation of Comptroller approved
Keene National Bank, Keene, N. H., sale to R.F.C. in plan in12/ 8
volvdng common stock reduction
Lafayette National Bank of Brooklyn in New York, sale to R.F.C.
11/28
in plan involving common stock reduction
Lawndale National Bank of Chicago, Ill., sale to R.F.C. in plan
involving collation stock reduction and consolida12/26
tion with affiliated Lemndale State Bank
Lincoln National Bank and Trust Co. of Fort 7:'ayne, Ind., sale
to R.F.C. in plan involving common stock
108
reduction
Manufacturers National Bank of Troy, N. Y., sale to R.F.C. and
others in plan involving common stock reduction 12/29
Merchants and Planters National Bank, Sherman, Texas, sale to
R.F.C. in plan involving common stock reduction 11/28
Merchants National Bank of New Bedford, Mass., sale to R.F.C. in
12/18
plan involving common stock reduction
Meriden National Bank, iJeriden, Conn., sale to R.F.C. in plan
involving common stock reduction, approval predi108
cated on sale of increased amount
National Bank of America, Paterson, N. J., sale to R.F.C. in
12/ 8
reorganization plan
(See also National banks)
National Bank of New Jersey, New Brunswick, N. J., sale of first,
to R.F.C. and second, locally in plan involving
101
common stock reduction
National Citizens Bank of Canby, Minn., sale to R.F.C. in plan
12122
involving common stock reduction
and/or
National City Bank of New York, N. Y., to sell to R.F.C.
11/28
others in stock reduction plan
National Safety Bank and Trust Co., New York, N. Y., sale in
12/19
plan involving common stock reduction
Lockport,
N.
Trust
Co.,
Y.,
Niagara County National Bank &
sale
to R.F.C. and/or others in plan involving cornmon stock reduction
National
Bank, North Berwick, Me., sale at premium 12/29
Berwick
North
and to be retired at par, payment to be made
from subordinated deposit, in plan involving
coBallon stock reduction and sale of new mac. 12/22
Old National Bank of Centralia, Ill., sale of Class A,
and Class B, locally in plan involving common
stock reduction
108
Pacific National Bank, San Francisco, Calif., sale to Reliance
Securities Co. in plan involving common stock
reduction
Peoples National Bank and Trust Co., Washington, Ind., sale to
R.F.C. in plan involving common stock reduction 1:
/1:
Peoples National Bank and Trust Co., White Plains, W. Y., sale to
R.F.C. in plan involving common stock reduction 11/ 6
Perth Amboy Trust Co., Perth Amboy, N. J., reference made to issue, to be retired at premium, in connection with
reorganization of Guarantee Trust Co. and Equitable Trust Co., of Atlantic City, N. J.
12/12

353
327
223

224
659
229
416

416
321

544
9°

195
459

668

541

424
4,63
564
51

316

147
Pages
Stock, preferred: (Continued)
Raritan Trust Co., Perth Amboy, N. J., reference to issue of, to
be retired at premium, made in connection with
reorganization of Guarantee Trust Co. and Equitable Trust Co., of Atlantic City
12112
Red River National Bank. in Clarksville, Texas, sale in plan involving common stock reduction
11/11
Safe Deposit National Bank, New Bedford, Mass., sale to R.F.C.
in plan involving common stock reduction
12/18
Second National Bank of Hamilton, Ohio, sale of Class A, to
R.F.C. and Class B, to stockholders and others
in plan involving common stock reduction
12/19
Second National Bank of Maiden, Mass., sale of, half to R.F.C.
and half to be paid for from special deposit, in
plan involving common stock reduction
12/29
SecuriL—
,
t ,), National Bank of Arkansas City, Kansas, sale in plan
involving common stock reduction, stockholders'
contribution and absorption of Union State Bank 11/11
, Consolidation abandoned and condition amended accordingly
12/27
°°uhegan National Bank of Milford, N. H., sale to R.F.C. in plan
involving common stock reduction
12/18
State National Bank of Texarkana, Ark., sale to R.F.C. in plan
involving common stock reduction
12/29
StePhens National Bank of Fremont, Nebr., sale to R.F.C. and loan
by latter to Fremont ..:ortgage Co., in plan involving common stock reduction
12/26
Ilion National Bank of Wichita, Kansas, sale to R.F.C. in plan
involving common stock reduction
11/28
Utiion
Stock Yards National Bank, wichita, Kansas, sale to R.F.C.
in plan involving common stock reduction
12/ 8
urlited States National Bank of Galveston, Texas, sale to R.F.C.
in plan involving common stock reduction
12/22
Webster and
Atlas National Bank of Boston, Mass., sale to stockholders and others, to be financed by R.F.C.
loans
11/29
National Bank of Casper, .437o., sale to R.F.C. in plan
involving common stock reduction
11/28
'
-- n°1ders:
FR8ank of Boston, annual meeting, report of Governor Black on
attendance
1V11
Congressman Hatton 71.:
ation of Sec. 21 of Banking Act of 1933, reply to, with reference to Mr. Crenshaw's letter that prosecution rests entirely with Department of Justice
and Board cannot determine question
12/22

"oming

376
93
417

460

652

93
586
419
671

571
227
330
547

264
227

558

Tecxen:

absorption by banks of tax on deposits, reply to Mr.
Mountjoy that it does not constitute indirect
payment of interest
12,/11
absorption by banks of tax on deposits, reply to Mr. Creech
that it does not constitute payment of interest,
question considered in similar case of Kentucky
banks, and adverse ruling reversed
12,/ 6

365

311

Page

148
Tennessee:
Branches, out-of-town, of national banks, opinion of Attorney
General on right to establish in State
Territories, dependencies and insular possessions of Ti. S., membership of banks in: (See Membership in FRSysuem,
Banks outside of U.S.)
Texas:
Public funds, reply to Mr. Tynan on apparent conflict between
State and Federal law, as Banking Act of 1933
does not permit consideration of funds deposited
pending litigation as
Thompson, Frank A.: (See State member banks, Mercantile-Commerce
Bank and Trust Co.)
Tovimsend, E. N.: (See Federal Home Loan Bank Board)
Treasurer of U. S.:
Custodianship of bonds pledged as security for postal savings
funds, FRBanks willing to undertake for member
banks, but reserve right to require reimbursement of expenses, reply to Treasurer
Treasury Department:
Fiscal agency and depositary functions of FRBanks for, Governors
requested to furnish complete information on expenses of, in connection with reimbursement
Counsel, two memoranda prepared by on
General
Oliphant, H.,
in proposed seizure of gold of
questions
legal
to minutes by memo of
attached
FRSystem,
Secretary of Board
Tynan, 4Llter: (See Deposits, Public funds in Texas)

11/6

12/18

429

11/28

249

12/28

623

12/28

626'1

Unlicensed banks:
deserve deficiencies, no objection to waiver of penalty for four12/ 4
teen banks by FRBank of San Francisco

21!

ft Art

Violations:
Banking Act of 1933, Sec. 21, reply to Congressman Summers with
reference to letter of i.Ir. Crenshaw, that Board
cannot determine question as prosecution rests
with Department of Justice
Erie County Banking Co., Vermilion, Ohio, violation of executive
order in connection with license to reopen, reported to Department of Justice
Sec. 22(g) of FRAct:
Notes of executive officers, reply to Mr. Wood on possible
violation if bank formed to take over assets of
old bank acquires such notes
United States National Corporation, Portland, Ore., attention
called to possible statutory violation by use of
"United States" in corporate title
Voting permits:
American Co., must secure permit to vote stock of American Trust
Co., as must Atlas Corporation and Pacific Eastern Corporation

12/22

668
641

01
11/20

11/20

149
Pages

Voting permits: (Continued)
American Holding Corporation, Chicago, Ill., limited permit
granted to vote stock of American National Bank
and Trust Company of Chicago
12/29
American National Corporation, Portland, Ore., necessity for permit to vote stock of National Bank of Portland
and National Bank of Conmerce of Astoria, Board
cannot ratify action already taken
11/11
Atlantic National Bank, Jacksonville, Fla., is holding company
affiliate and must file application and receive
approval before application of Atlantic Trust Co.
for permit can be acted upon
12/21
Atlantic Trust Co., Jacksonville, Fla., Board cannot grant, until
Atlantic National Bank has filed application and
obtained permit
12/21
Atlas Corporation, must secure permit for American Co. to vote
stock of American Trust Co.
4/20
BancOhio Corporation, Columbus, Ohio, limited permit granted to
vote stock of certain national banks and as condition of approval of membership applications of
four subsidiaries
102
Bank of Hampton, Va., application of receiver, Mr. Bradford, to
vote stock of First National Bank of Hampton,
permit unnecessary
12/26
Bank Shares Corporation, Minneapolis, Minn., limited permit
granted to vote stock of Marquette National
Bank and :Arquette Trust Co., prior to issuance
latter shall accept or satisfy membership conditions
12/29
Barnett National
securities Corporation, Jacksonville, Fla., application to vote stock of four Florida national
banks, approved subject to filing of form P-4,
Exhibit N lacks consent of one bank, letter to
FRAgent
Bedford Corporation, Charleston, 'J. Va., limited permit granted
to vote stock in Kanawha Valley Bank
12,/27
El°omfield Bank and Trust Co., Bloomfield, N. J., limited permit
granted to vote stock of ;iatsessing Bank
12/26
City
Certificates Corporation, Baltimore, Nd., application approved to vote stock of Union Trust Company of
Maryland and letter to FRAgent at Richmond on
compliance with conditions of approval
11/20
Condition amended to provide that 93% of trust company's
stock be transferred to corporation instead of
97%
11/29
(See also Membership in FRSystem, Union Trust Company of
Maryland)
Equitable Securities Co., Dallas, Texas, limited permit granted
to, and to Mercantile National Bank at Dallas to
vote stock of four banks which are to be admitted to membership at time of issuance
12/29
e.
St
QL.on Bancorporation, Evanston, Ill., limited permit granted
to vote stock of Evanston Trust & Savings Bank
12/29
Pirst Bank Stock
Corporation, Minneapolis, Minn., application,
preliminary examination indicates that it should
be supplemented
13/28

662

492

492
182

537

572

640

95
587
571

154

261

658
661

231

150

Page

Voting permits: (Continued)
First Bank Stock Corporation: (Continued)
Limited permit granted to effect capital changes in banks
12/29
and to change names of certain banks
First Kentucky Co., Louisville, Ky., must obtain permit to vote
stock of First National Bank of Louisville and
may be holding company affiliate of Kentucky
12/21 495
Title Trust Co.
First National Bank of Louisville, Ky., must file application before Board can grant permit to First National
Trustees, First Kentucky Co. is also holding
company affiliate of national bank and may be,
12/21 495
of Kentucky Title Trust Co.
First National Bank & Trust Company of Elmira, N. Y., limited
permit granted to, and to First National of Elmira Corporation to vote stock of certain banks
and to effect capital change in Citizens
12/29 654
National Bank of "Waverly
Recapitalization plan of Citizens National Bank of ':faverly
12/29 657
approved
First National Co., Bradenton, Fla., approval of capital rehabilitation plan of First National Bank, which had
been deferred, on favorable consideration of
12/ 6
application for permit
to
of
subject
of
application,
execution
approval
Advice of
306
12/ 6
agreement on Exhibit A
First National of Elmira Corporation, Elmira, N. Y., limited permit granted to, and to First National Bank &
Trust Co. of Elmira, to vote stock of certain
banks and to effect capital change in Citizens
1
'
655
12/29
National Bank of Waverly
Recapitalization plan of Citizens National Bank of i'averly
651
12/29
approved
First National Trustees, Louisville, Ky., Board cannot grant permit unless First National Bank of Louisville
files application, First Kentucky Co. is holding
company affiliate of national bank and may be,
495
101
of Kentucky Title Trust Co.
First Security Corporation of Ogden, Utah, request Board to
treat application as one for sole purpose of voting stock of three member banks in merger with
thirteen nonmembers into First Security Bank of
125
108
Idaho and establishment of fifteen branches
256
11/28
Limited permit granted
(See also infra Limited)
Limited permit granted in reorganization involving First
National Bank of Ogden, First Security Bank of
551A
12/11
Provo and other subsidiaries
473 Broadway Holding Corporation, Saratoga Springs, N. Y., permit
12/22
granted to vote stock of Adirondack Trust Co.
Georgia Rail Road and Banking Co., Augusta, Ga., permit granted
to vote stock of Georgia Railroad Bank and Trust
Co., subject to condition that loans do not ex691
12/27
ceed State law requirements
Hackensack Securities Co., application for permit, reply to FRA11/ 6
gent at New York on necessity

66306

305

151
Pages

Voting permits: (Continued)
Hartford-Connecticut Co., Hartford, Conn., limited permit granted for reorganization with Hartford-Connecticut
Trust Co. and four national banks
12/ 8
Hartford-Connecticut Trust Co., Hartford, Conn., limited voting
permit granted for reorganization with HartfordConnecticut Co. and four national banks
12,/ 8
Holding company affiliates may not vote stock of member banks unless permit has been granted by Board, letter
to Mr. Jesse Jones
11,/ 7
Copy of letter sent to Comptroller
105
Hudson-Harlem Valley Corporation, Mount Kisco, N. Y., limited
permit granted to vote stock of Trust Company
of Northern Westchester
12/22
Limited, advice to FRAgent at San Francisco in connection with
First Security Corporation of Ogden that Board
is reluctant to issue, because of duplication
of work entailed and of urgent matters pending
13/28
General policy, question raised by Mr. DuBois as to action
Board should take on applications on which investigation cannot be completed before annual
meetings, to grant limited permits
12/18
Procedure to be followed in granting
12/21
48 Angeles Trust (! Safe Deposit Co., Los Angeles, Calif., limited permit granted to, and to Security-First
Co. to place First National Bank of El Segundo
in liquidation
12/29
ifle ladland Corporation, Jersey City, N. J., la'. Case advised
to issue limited permit to, when agreement has
been executed
12/22
Meadow River Lumber Co., Rainelle, 1. Va., limited permit granted to vote stock of Bank of Rainelle in connection
with admission to membership in FRSystem
12/29
Me
•
roantIle National Bank at Dallas, Texas, limited permit granted to, and to Equitable Securities Co., to vote
stock of four banks which are to be admitted to
membership at time of issuance
12/29
Uinneapolis
National Co., Minneapolis, Minn.,oction deferred
because of steps looking toward termination of
status as holding company affiliate
12/22
larlp
,esota National Corporation, Duluth, Minn., limited permit
granted to vote stock of Minnesota National
Bank of Duluth
12/29
11°floncahela Trust Co., Homestead, Pa., limited permit granted
to vote stock of two national banks
12/22
'°11tolair Trust Co., Montclair, N. J., limited permit granted
in accordance with general policy adopted
12/18
(See also supra Limited)
Board will issue limited permit on notification that condition has been fulfilled and also to effect
stock changes in First National Bank of Cedar
Grove
12/22
14ti°nal Shawmut Bank of Boston, Mass., limited permit granted
to, and to Shawmut Association to vote stock of
certain national banks and to effect capital
rehabilitation of Merchants National Bank of
Salem
12/28

331-3

65
133

5E2

235

436-7
492

667

550

630

658

554

639
553
436-8

552

618

152

Pages

Voting permits: (Continued)
Northwest Bancorporation, Minneapolis, Minn.:
Application on file needs only additional data for general
permit, duplication of data unnecessary if com11/20
piled and submitted within certain time limits
changes
and
changes
capital
effect
to
permit
granted
Limited
12/27
in bylaws of certain banks
of
reductions
stock
common
approving
Letter to Comptroller
42 banks and increase in capital through sale of
12/27
preferred stock and/or debentures to R.F.C.
and
efbanks
of
certain
stock
vote
Limited permit granted to
fect capital changes in all but four of 38 banks 12/27
Limited permit granted in connection with consolidation of
- ;estern National Bank and iannesota Loan
14orth :
12/27
and Trust Co., both of Einneapolis
Security
Limited permit granted to effect consolidation of
National Bank of Cheney, V4ash., with Spokane and
Eastern Trust Co. and operation as branch at
12/27
Cheney and capital changes
(See also State member banks)
Union Bank and Trust Co., Helena, L:ont., common stock reduction and increase in capital by sale of preferred
12/27
stock or debentures to R.F.C., no objection
Old Colony Trust Associates, Boston, iIass., desire to eliminate
from application requirement that no dividends
be paid while capital is impaired, question of
12/13
admission of four affiliates to membership
Limited permit granted subject to acceptance of conditions
of membership by four banks and stock reductions
of two national banks, approved in letter to
12/29
Comptroller
Old National Corporation, Spokane, aash., new application or supplement to former, should be filed in connection
with reorganization
Pacific Eastern Corporation, must secure, for American Co. to
vote stock of American Trust Co.
Peoples Corporation, Seattle, Viash., limited permit granted to
vote stock of Peoples Bank and Trust Co., advice
that absorption by latter of First National Bank
of Renton is under consideration by Comptroller,
12/29
permit will be considered later
President and Directors of the Dinhattan Co., New York, N. Y.,
limited permit granted to vote stock of County
12/28
Trust Co.
Receivers of banks: (See supra Bank of Hampton)
Republic National Bank and Trust Co., Dallas, Texas, limited permit granted to, and to Republic National Co.
to vote stock of national banks and effect cap12/22
ital changes in First National Bank of Waco
Republic National Co., _Alias, Texas, limited permit granted to,
and to epublic National Bank and Trust Co. to
vote stock of national banks and effect capital
12/22
changes in First National Bank of Waco
Rhode Island Hospital Trust Co., Providence, R. I., limited permit granted to vote stock of Rhode Island Hos12/29
pital National Bank

180

588-"
590
592-5

594

595-6

591'

390-4
649,61

361
18

666

616

648

548
660

153
Pages
lnG Permits: (Continued)
Riley Corporation, East Chica-so, Ind., limited permit u0',-anted to
vote stock of two national banks
San Diego First National Co., an Diego, Calif., limited permit
granted to effect stock reduction of First
National Trust and Savings Bank of San Diego
and letter to R.F.O. concerning
Savannah Corporation, Savannah, Ga., application for permit to
vote stock of Savannah Bank and Trust Co.,
approved
Seaboard National Securities Corporation, application to vote
stock of Seaboard National Bank of Los Angeles,
advice of filing, Ur. Drowning to be notified
that he may file objections
2RAgent recTested to advise ijr. L:arble that action cannot
be taken before Nov. 10
Protest received, copy may be given to corporation only on
consent of Er. Browning, hearing to be arranged
Sebastopol National Securities Co., Lebastopol, Calif., limited
permit granted to vote stock of Sebastopol
National Bank and to effect capital increase or
divorcement of Analy Savings BanlSecurity...firstCo., Los Angeles, Calif., reply to Er. Sargent
whether Board would approve informal application
for purpose of placing First National Bank of El
Segundo in liquidation
Limited permit Granted to, and to Los Angeles Trust
Safe
Deposit Co., to place First National Bank of El
Segundo in voluntary liquidation
ShaVimut
Association, Boston, Mass., limited permit granted to,
and to National Shawmut Bank of Boston, to vote
stock of certain national banks and to effect
rehabilitation of :erchants National Bank of
Salem
Tracy Corporation,
Salt Lake City, Utah, limited permit granted
to vote stock of Tracy Loan and Trust Co.
Tru
8,ees under Trust Agreement
Citizens Union National Bank
Fidelity
and
and
Columbia Trust Co., limited
permit granted to vote stock of national bank
*Union Investment Corporation, St. Petersburg, Fla., application
considered withdrawn, advice to FRAgent
Ilion Trust Company of :ew Castle, Pa., limited permit granted
to vote stock of first National Bank of Lawrence County
United states National Corporation, Portland, Ore., permit
granted to vote stock of certain national banks,
letter also to F,ZAgent
Z'lreham rational Corporation, Wareham, Liass., limited permit
granted to vote stock of Buzzards Bay National
Bank
lest Side Trust Co., Neaark, .. J., limited permit granted to
vote stock of two national banks

12/28

619

12/11

358-60

11/15

127

13,/ 6

11/ 7

11/11

100

12/29

641

11/11

12/29

667

12/28

617

12/28

620

12/29

662

11/11

12/22

553

11/20

179

12129

660

12/22

rvc
o00

154-

PaZes

(See National banks, First National Bank of the
City of New York)
Whetstone, L. S., reply that Board cannot express opinion on statements made over radio that postal savings deposits are safer than those of banks and building
108
and loan associations
Mite, C. D., present at hearing on reorganization plan of Guarantee
10.2
Trust Co., Atlantic City, N. Y.
National
Bank)
Baker-Boyer
banks,
(see
National
Whitman College:
"Whose Gold? 4hoso Profit?", reply to Congressman Christianson on
101
statements contained in
soundness
to
measure
"yardstick
Wilson, E. B., reply to query as to
of a bank," stating factors taken into considera11/ 6
tion
Asconsin:
Interest on funds paid into State courts awaiting outcome of litigation, reply to FRBank of Chicago on apparent
108
conflict between State law and Regulation Q
Withdrawals from FRSystem:
Connecticut banks, opinion of Deputy Attorney General of State
that they can enter FRSystem only under agreement
to withdraw prior to July 1, 1934, Ni'. Wyatt to
11/ 7
prepare reply to Bank Commissioner Perry
withReply that Board cannot approve applications subject to
i1/11
drawal agreement
Day Trust Co., Boston, Mass., waiver of notice and permission
109
for immediate
Dickinson Trust Co., Richmond, Ind., waiver of notice and permission for immediate, FRAgent to obtain authorized
11/ 7
applicaticn for cancelation of MBank stock
Erie County Banking Co., now Vermilion Banking Co., Vermilion,
Ohio, -waiver of notice and permission for
12/22
immediate
Violation of executive order in connection with license to
12/22
reopen, reported to Department of Justice
Granite City Trust & Savings Bank, Granite City, Ill., waiver
11/ 6
of notice and permission for immediate
Iowa State Savings Bank of Fairfield, Iowa, waiver of notice and
12/ 6
permission for immediate
Jefferson Trust Co., Hoboken, N. J., waiver of notice and per12/29
mission for immediate
Lafayette-South Side Bank and Trust Co., St. Louis, Mo., waiver
12/18
of notice and permission for immediate
Mechanicsville Trust and savings Bank, idechanicsville, Iowa,
12/28
waiver of notice and permission for immediate
Rhode Island Hospital Trust Co., Providence, R. I., waiver of
12/ 8
notice and permission for immediate
St. Joseph Valley Bank, Elkhart, Ind., waiver of notice and
11/ 6
permission for immediate
State Bank of Cuba, Ill., waiver of notice and permission for
12/29
immediate
State Savings Bank of Warren, Mich., waiver of notice and per11/20
mission for immediate
Vermilion Banking Co.: (See supra Erie County Banking Co.)

Aelldon, Samuel A.:

248 1
374
367

428

56
82

451

540

541
28
305
651
410
616

651
115

Wo0,4son, E. P.
(See Railroad Credit Corporation)
40*, T.
A':

155
Pages

(See Holding company affiliates
tlyM

4V
4'8.rd-Stie1- tO

measure soundness of bank", reply to r. ilson
stating factors taken into consideration

11/ 6

Full text of Minutes of the Board of Governors of the Federal Reserve System : Meeting Index, November to December 1933, Volume 20, Part 5

FRASER