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A meeting of the Executive Commit
tee of the Federal Reserve Board was held in
the office of the Board at 11:30 a. m., Thursday, August 17, 1916.
PRESENT:
Mr. Harding, presiding

Mr. Delano

Mr. Williams
Mr. Allen, Secretary.
Applications for additional stock in
Federal reserve banks, duly recommended by Mr.
Harding, as chairman of the Committee on Member and State Banks, were approved as follows:
DISTRICT NO. 1.
Windham County National Bank
First National Bank
Torrington National Bank
First National Bank
First National Bank
Essex National Bank

SHARES.
Danielson, Conn. 6
Suffield, Conn. 15
Torrington,Conn.90
Augusta, Maine 83
Boston, nass. 3000
Haverhill,Mass. 30

3,204

New York, N.Y. 180
Buffalo, N.Y. 345

525

DISTRICT NO. 2.




Battery Park National Bank
Third National Bank




DISTRICT NO. 3.
Camden National Bank
First National Bank
First National Bank
Riverside National Bank
Allentown National Bank
National Bank of
First National Bank
Pennsylavnia Nat'l. Bank
First National Bank
First National Bank
First National Bank
First National Bank
First National Bank
First National Bank
Citizens National Bank
Nanticoke National Bank
First National Bank
Franklin National Bank
Corn Exchange Nat'lak.
First National Bank
Seven Valleys Nat'l.Bk.
Western National Bank
Industrial Nat'l. Bank of
West York
First National Bank
First National Bank

SHARES
Camden, N.J.
30
6
Elmer, N.J.
New Egypt,N.J. 3
Riverside,N.J. 15
Allentown,Pa. 15
Arendtsville,Pa.1
Centralia, Pa. 2
9
Chester, Pa.
Clifton Heights,
Pa. 6
2
Cressona, Pa.
1
Fairfield,Pa.
Famm Grove„Pa. 3
Gallitzin, Pa. 3
Honey Broo4Pa. 1
Middletown,Pa. 1
Nanticoke, Pa. 3
Nesquehoning,Pa.2
Phila., Pa.
150
150
Phila., Pa.
Renovo, Pa.
6
Seven Valleys,
Pa. 1
York, Pa.
York, Pa.
York, Pa.
Wyoming, Pa.

3
1
6

DISTRICT NO. 4.
Farmers National Bank
Second National Bank
Citizens National Bank
Ambridge ntional Bank
Merchants National Bank

Cynthiana, Ky. 3
Meyersdale,Pa. 3
Monaca, Pa.
Ambridge, Pa. 10
Butler, Pa.

421

:DISTRICT NO. 4 (Continued)




Masontown National Bank
Peoples National Bank
First National Bank
Broadway National Bank
First National Bank
Citizens National Bank
First National Bank
Lancaster National Bank
First National Bank
First National Bank
First National Bank
National Bank of
Dennison National Bank
Merchants National Bank
First National Bank
First National Bank
Third National Bank
Union National Bank
First Jational Bank
City National Bank
Huntington National Bk.
First National Bank of
Cheviot
First National Bank
First National Bank
Peoples National Bank
First National Bank
First National Bank
First National Bank
National Bank of
Lagonda National Bank
Third National kchange
Rank
Second National Bank
Second National Bank
First National Bank

SHARES
Masontown, Pa. 15
9
Monessen, Pa.
New Castle, Pa. 60
9
Scottdale, Pa.
1
Wampum, Pa.
9
Windber, Pa.
3
Mt.Sterling,O.
1
O.
Lancaster,
1
O.
Ironton,
1
Hicksville, O.
2
Fostoria, O.
1
O.
Elyria,
15
Dennison, O.
1
Defiance, O.
1
O.
Dalton,
Chesterhill, O. 1
Circleville, O. 1
Cleveland, O. 120
Cleveland, O. 300
18
Columbus, O.
60
Columbus, O.
Sta. L., Cin3
cinnati, O.
Bowling Green,O. 2
1
Batavia, O.
1
Adena, O.
1
Sabina, O.
3
Richwood, O.
Portsmouth, O. 15
6
Toronto, O.
Springfield, O. 15
Sandusky, O.
St.Clairsville,(1
Warren, O.
Sardis, O.

9
6
6
1

I




DISTRICT NO. 4. (Continued)
Citizens National Bank
First National Bank
Hamilton County Nat'l.
Bank
First National Bank
First National Bank
National City Bank
First National Bank

SHOES

New Lexington, O. 1
Dover, O.
5
Cleves, O.
Blanchester,O.
Brookville,O.
Akron, O.
Whitesburg,Ky.

1
1
1
180
1

905

DISTRICT NO. 5.
• First National Bank
American National Bank
First National Bank

Rocky Mount,N.C.
Roanoke, Va.
Welch, ''.Va.

6
6
6

18

Henderson National Bank Huntsville,Ala.
9
First National Th3.nk
Ashford,Ala.
First National Bank
Scottsboro,Ala.
1
DeSoto National Bank
Arcadia,Fla.
1
Traders National Bank
1
Tullohoma,Tenn.
American National Bank
Knoxville,Tenn.
Harpeth National Bank
1
Franklin,Tenn.
14
First National Bank
Woodbury,Tenn.
Cumberland Valley National Bank
Nashville,Tenn.
3
First National Bank
Centreville ,Tenn. 1
-Citizens National Bank
Centerville iTenn. 1
Fourth & First National
Bank
Nashville,Tenn. 60

94

DISTRICT NO. 6.

DISTRICT NO. 7.
National Bank of
Franklin County National Bank

Auburn, Ind.
Brookville,Ind.

1

DISTRICT NO. 7. (Continued)

SHARES.

Cambridge City,
Ind. 1
1
Delphi, Ind.
Citizens :Tational Bank
1
Dublin, Ind.
First National Bank
Greens Fork,Ind.1
First National Bank
La Fayette,Ind. 1
AMerican National Bank
Merchants National Bank La Fayette,Ind.12
1
Mays, Ind.
First National Bank
New Castle,Ind. 1
Farmers National
Noblesville,Ind.2
American National Bank
Spencer, Ind.
1
Spencer National Bank
Thorntown, Ind. 1
Home National Bank
Tipton, Ind.
3
Citizens National Bank
Westport, Ind. 1
National Bank
First
Rock Falls,I11. 2
First National Bank
Arenzville, 111.3
First National Bank
Aledo, Ill.
First National Bank
Bement, Ill.
1
First National Bank
Blue Mound,I11. 1
First National Bank
Elmhurst, Ill. 6
Elmhurst State Bank
Woodford County NationEl Paso, Ill.
1
al Bank
Hoopeston, Ill. 2
Hoopeston National Bk.
Mt. Auburn,I11. 2
First National Bank
Prophetstown,M. 1
Farmers National Bank
Citizens National Bank
Sycamore, Ill. 1
Vermilion, Ill. 1
First National Bank
Taylorville ,I11.2
Farmers National Bank
1
Elliott, Iowa
First National Bank
1
George, Iowa
First National Bank
Commercial National Bk. Ft.Dodge, Ia. 16
2
Ft.Dodge, Ia.
Ft. Dodge National Bk.
Merchants National Bank Eagle Grove,Ia. 1
Hubbard, Iowa
1
First National Bank
Grand Riverja. 1
First National Bank
Galva, Iowa
First National Bank
Little Rock,Ia. 1
National Bank
First
First National Bank







DISTRICT NO. 7. (Continued)

SHAR3a.

Humboldt, Iowa
First National Bank
Monroe, Iowa
National Bank
Monroe
Montour, Iowa
First National Bank
New Hampton, Ia.
Second National Bank
Odebolt, Iowa
First National Bank
Renwick, Iowa
First National Bank
First National Bank
Peterson, Iowa
Red Oak, Iowa
Farmers National Bank
First National Bank
Uaukon, Iowa
Boone, Iowa
Boone National Bank
First National Bank
Emmetsburg, Iowa
First National Bank
Adel, Iowa
Burt National Bank
Burt, Iowa
First National Bank
BeImond, Iowa
Chariton National Bank Chariton, Iowa
First National Bank
Chelsea, Iowa
Creston National Bank
Creston, Iowa
First National Bank
Dunlap, Iowa
Sheldon National Bank
Sheldon, Iowa
Dowagiac, Mich.
Dowagiac National Bk.
Milwaukee, Wis.
Badger State Bank

3
3
1
2
19
2
3
1
2
2
12
2
1
1
6
3
1
4
1
2
2

DISTRICT NO. 8.
First National ank
First National Bank
Arkansas National Bk.
First National Bank
First National Bank
First National Bank
First National Bank
National Bank of
First National Bank
First National Bank
First National Bank
, City National Bk

Clarksville,Ark. 15
Cotton Plant,Ark. 2
Fayetteville,Ark. 3
1
Lewlie, Ark.
1
Marshall, Ark.
Siloam Sprngs,Alic. 3
Barry, Ill.
9
Benld, Ill.
1
Brighton, Ill.
1
Carrier Mills,111.. 1
Lawrenceville,111. 3
Metropolis, Ill. 1

1,54

DITiICT NO. 8. (Concluded)

Shares.

1
Noble, Ill.
First National Bank,
1
Ridgeway, IlL
First National Bank,
3
Staunton National Bank,Staunton, Ill.
Holland National Bank, Holland, Ind.
7
0
,,inslovi, Ind.
First National Bank,
Citizens National Bk, Glasgow, Ku.
Farmers National Bank, Glasgow, Ku.
3
May field, Ky.
First National Bank,
Murray, Ky.
4
National Bank,
First
1
Scottsville, J.
First National Bank,
1
Aberdeen National Bank, Aberdeen, Miss.
1
Citizens National Bank,Corinth, Miss.
1
Itta Bena, Miss.
First National Bank,
1
Rosedrae, Miss.
National Bank,
First
Cape Girardeau, Me.2
Bank,
First National
Covington, 1:y.
First National Bank,
DIOTRICT NO. 9.
Merchants National Bank,Milbark, "3.
6
Dakota National Bank, Yankton, S. D.
Vermillion,
First National Bank,
1
Frankfort, S. D.
,
First National Ba- :jc,
Cavalier County Natil.Bk. Langdon, N.. 3
Forman, N.
First National Bank,
1
Stanley, T.
First National Bank,
1
McHenry, N.
First National Bank,
I.edwood Falls,Minn,3
First National Ba4,
Grand Meadow, Minn.3
First National Bank
Argyle, Minn.
First National Bank,
6
Austin National Ban::, Austin, Minn.
Deer Creek, Minn.. 1
First National Bank,
1
Frazee, Minn.
FlrJt National Bank,
1
Madison, Minn.
First National
5
Minneota, Minn.
First National Bank,
7
Baudette, Minn.
First National Bank,
Farmers National Bank, Red Lake Falls,Minn2
Emmons, Minn.
First National Bank,
1
Nelson, Minn.
First National Bank,
5
Roundul), Mont.
First National Bank,




71

S')




DISTRICT NO. 9. (Concluded)
First National Bank,
Anaconda National Bank,
First National Bank,
First National Bank,
Nat'l. Bk. of Manitowoc,
First National Bank,
First National Bank,
Security National Bank,
First National Bank,
First National Bank,
First National Bank,
First National Bank,

Shares.
Baker, Mont.
Anaconda, Mont.
Hardin, Mont.
Geraldine, Mont.
Manitowoc, .is.
Han ilton, Mont.
Saco, Mont.
Alexandria, S. D.
Abercrombie, N. 1.
V. Concord, Minn.
St. Charles, 1:inn.
Rockland, Mich.

3

1
2
1
1
1
2
1

DISTRICT NO. 10.
Sapulpa, Okla.
6
First National Bank,
6
American National Bank, Sapulpa, Okla.
Pond Creek, Okla. 1
Farmers National Bank,
1
Perry, Okla.
First National Bank,
Okla. Stockyard Nat'l.Bk.Okla. City, Okla. 30
Amorican National Bank, Okla, City, Okla. 2
New Wilson, Okla. 1
First National Bank,
12
Miami, Okla.
First National Bank,
Lindsay, Okla.
15
First National Bank,
rland, Wyo.
2
First Naticnal Bank,
Rawlins, Wyo.
6
Rawlins National Bank,
Laramie, Wyo.
18
First National Bank,
Laramie, 4o.
15
First National Bank,
1
Douglas, ';:yo.
Douglas National Bank,
1
Shoshone National Bank, Cody, yo.
3
Tyrone, Okla.
National Bank,
First
3
Tulsa, Okla.
National Bank,
Liberty
150
Exchange National Bank, Tulsa, Okla.
3
National Bank, Tulsa, Okla.
American
1
Tecumseh, Okla.
National Bank,
Farmers
1
Bank,
Talihina, Okla.
First National
1
Oklahoma National Bank, Skiatook, Okla.
Skiatook, Okla.
1
First National Bank,

so

DISTRICT NO. 10. (Continued)

Shares.

First National Bank,
1
Sentinel, Okla.
First National Bank,
Lawton, Okla.
1
Nat'l Bk. of Kaw City,
Kaw Citu, Okla.
1
1
National Bank of Commerce,Hominy, Okla.
2
City National Bank,
Hollis, Okla.
Hobart, Okla.
City National Bank,
1
Miners N-tinnal Bank,
Henryetta, Okla.
1
Farmers & Merchants
Fairview, Okla.
1
National Bank,
First National Bank,
ElkOit„ Okla.
1
Cordell National Bank,
Cordell, Okla.
1
Oklahoma National Bank,
3
Chickasha, Okla.
Beaver, Okla.
First National Bank,
2
Merchants & Planters
National Bank,
Ada,Okla.
Nat'l. Bk. of New Mexico, Raton, New Mexico.
6
Stanton National Bank,
Stanton, Nebr.
7
First National Bank,
Scribner, Nebr.
3
ScottC'luff Nat'l. Bank, Scottsbluff, Nebr.
2
Farmers & Merchants
National Bank,
Oakland, Nebr.
8
First National Bank,
Morrill, Nebr.
1
First National Bank,
Lyons, Nebr.
9
First National Bank,
Litchfield, Nebr.
1
First National Bank,
Hay Springs, Nebr.
3
First National Bank,
Grosilan, Nebr.
2
City National Bank,
Crete, Nebr.
1
First National Bank,
Chadron, Nebr..
3
First National Bank,
Bristoa, Nebr.
1
First National Bank,
Arlington, Nebr.
1
First National Bank,
AdaIns, Nebr.
1
60
Drovers National Bank,
Kansas Citd, Mo.
First National Bank,
Adrian, Mo.
1
Union Stock Yards.
Union Stock Yard
1
National Bank,
Lichita, Kansas,
Wichita, Kans.
Fourth National Bank,
57
National Bank of Commerce,Pittsburg, Kans.
1
First National Bank,
Overbrook, Kans.
1







DISTRICT NO. 10. (Concluded)

Shares.

1
Natoma, Kans.
1
Marion, Kans.
3
Luray, Kans.
Kansas City, Kans. 60
2
Highland, Hans.
1
Harper, Hans.
3
Galena, Hans.
Con'.vay Springs, Kans3
1
Beattie, Kans.
1
Atwood., Hans.
Arkansas City, Hans.1
6
Alma, Hans.
13
Yuma, Colo.
6
Longmont, Colo.
Hugo, Colo.
1
Hayden, Colo.
Greeley, Colo.
Glenwood Springs,
45
Colorado.
1
Colo.
Craig,
Craig National Bank,
Springs,
Colorado Springs Natl. Bk. Colorado
Colorado,
1
Oklahoma Stato National Bk.Clinton, Okla.
1
Hydro, Okla.
First National Bank,
1
Waurika, Okla.
First National Bank,
1
Sayre, Okla.
Beckham County Nat'l. Bk.
First National Bank,
Marion National Bank,
First National Bank,
Commercial National Bank,
First National Bank,
Nat'l. Bk. of Harper,
Galena National Bank,
First National Bank,
First National Bank,
Farmers National Bank,
Security National Bank,
Alma National Bank,
First National Bank,
Longmont National Bank.
Hugo National Bank,
First National Bank,
Greeley National Bank,
First National Bank,

2
66

DISTRICT NO. 12.
38
Calexico, Cal.
First National Bank,
1
Ole Blum, Wash.
First National Bank,
2
Van Nuys, Cal.
First National Bank,
San Fernando National Bank,San Fernando, Cal. 2
79
_.....-------3.6
Sacramento, Cal.
Capitol National Bank,
GRAND TOTAL
6
__-----•- 1
Formal alpproval was given to the change in
the commodity rate for the Federal Reserve Bank of

Atlanta from ae, to 3%, the latter being the rate
in the Federal Reserve District of Dallas.

This

change had previously received initial approval.
a

At 11:40 A. M. the meeting of the Executive Committee adjourned.







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