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55 At a regular meeting of the Federal Reserve Board held in the office of the Board on Saturday, January 23 at 10.15 a. m. PRESENT: Er. Hamlin, presiding, Er. Warburg Er. Delano Er. Harding Mr. Williams Mr. Willis, Secretary. The reading of minutes of preceding meetings was dispensed with. Application of the City of Chattanooga for designation as a reserve city was referred to Er. Harding, Er. Delano and Lr. Williams as a special committee. A draft form for use in arranging for increase and decrease of the capital stock of Federal reserve banks, recommended by Counsel of the Board, was approved. Er. Harding made a general statement -vith reference to his conclusions as to the question of clearing checks, giving the results of study of the subject during the past few days. A resolution of recognition and appreciation regarding the Gold Fund work was ordered drafted for transmission to the Gold Fund Committee. The Board approved the applications of the National 56 Bank of Sumter, South Carolina and the First National Bank of Spencer, North Carolina, for admission to the system, and the applications of a number of banks for additional stock in Federal reserve banks, the same having been approved in every case by Hr. Harding, as Chairman of Committee #6, as follows: LIST OF BANES APPLYING FOR ADDITIONAL STOCK IN FEDERAL RESERVE BANKS. District #3 Locatpn. Name of Bank. First National Bank of Spangler Standing Stone National Bank Hunterdon Co., National Bank Keansbury National Bank National Bank of First National Bank First National Bank First National Bank First National Bank Capital and SuaTlus. Spangler, Pa. Huntingdon, Pa. °0 :0E 4 Flemington, N. J. '';')1 5 2 Keansbury, N. J. 150,0:: -gest Grove, Pa. 0 167,50 Honey Brook, Pa. 550,0 Altoona, Pa. 75,000 Landisville, Pa. 50,000 Riegelsville, Pa. District 'K. The Second National Bank Western Reserve National Bank Second National Bank First National Bank Citizens National Bank First National Bank Farmers National Bank 700,000 Erie, Pa. 550,000 Warren, Ohio Cincinnati, Ohio 1,200,000 340,000 Ironton, Ohio 56,000 New Lexington, O. 31 250 Russellton, Pa. 0 75,00 Somerset, Pa. District ;15 Shenandoah Valley Nat'l. Bank First National Bank Seaboard National Bank Home National Bank Empire National Bank 4400,000 Winchester, Va, Roanoke Rapids,NO. 60,000 360,000 Norfolk, Va. 60,000 Lexington, S. C. 465,000 Clarksburg, W.Va. 57 District 46 Name of Bank Location. American National Bank First National Bank Dayton, Tenn. Gadsden, Ala. Capital and Surplus. 496,000 185,000 District 47 First National Bank Lawndale -ational Bank First National Bank First National Bank First National Bank Merchants National Bank National City Bank Home National Bank ,State National,Bank Greenwood, Ind. Chicago, Ill. Forest City, Iowa Inwood, Iowa Angola, Ind. Detroit, Lich. Ottawa, Ill. Elgin, Ill. Bloomington, Ill. 460,000 75,000 72,000 45,000 100,000 1,250,000 350,000 300,000 250,000 District 48 Citizens National Bank Union National Bank First National Bank First National Bank Bedford, Ind. Louisville, Ky. Fordyce, Ark. Huntsville, Ark. 4135,000 1,000,000 120,000 55,000 District 49 National Citizens Bank First National Bank First National Bank First National Bank Mankato, Minn. .A00,000 Valley City, N. D. 200,000 Alden, Linn. 56,000 Hatton, N. D. 40,000 District #10 National eserve Bank First National. Bank • Genoa National Bank The Farmers iiational Bank Farmers National Bank Otoe County National Bank First National Bank State National Bank Kansas City, No. 1,440,000 Kansas City, No. 50,000 Genoa, nebr. 55,000 Salina, Kans. 235,000 Cherokee, Okla. 29,000 Nebraska City, Nebr. 60,000 Fountain, Colo. 30,000 Boswell, Okla. 30,000 District #11 First national Bank Holland, Tex. 450,000 District #12 Name of Bank. Location. First National Bank National Bank of Arizona First National Bank Sonora National Bank First national Bank Calexico National Bank , Oreg. Portland. Phoenix, Aria. Redlands, cal. Sonora, Cal. Ladera, Cal. Calexico, Cal. japital and Surplus. ,A,500,000 375,000 250,000 82,500 65,000 70,000 On notion at 11.45 a. m. the Board adjourned. Secretary. APPRO1TED: Chairman.
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