f e d e r a l r e s e r v e b o a r d

WASHINGTON 448

ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD

October 14, 1926. s t . 5120.

SUBJECT: Branches of Member and Nonmember banks.

Dear S i r :

There are enclosed herewith two copies of l i s t s of banks operat ing branches, as fo l lows :

1. National banks in your d i s t r i c t operat ing branches as of June 30, 1926, based on r e p o r t s submitted by you as of June 1924, supplemented by information received from the Comptroller of the Currency or obtained from the Bankers Directory.

2. State member banks i n your d i s t r i c t operat ing branches as of June 30, 1926, based on r epor t s submitted by you as of June 1924, supplemented by data shown on the June 30, 1926, condi t ion r e p o r t s , form 105, o r obtained

vfrom the Bankers Directory.

3• All nonmember banks operat ing branches as of December 31, 1925, in the fol lowing s t a t e s whose c a p i t a l s l i e within your d i s t r i c t , except banks which became members during the f i r s t s ix months of t h i s year , based on r epor t s submitted by you as of June 1924 and December 1925, supplemented by data obtained from the Bankers Directory:

I t w i l l be noted tha t the l i s t s show or c a l l f o r the l o c a t i o n and name of the parent bank; the loca t ion , name or s t r e e t address , type, and date and method of establishment of each branch; and whether the nonmember banks a re stock, mutual savings, or p r iva t e banks. Much of the da ta ca l l ed f o r i s not shown, not being ava i lab le at the Board 's o f f i c e s . I t w i l l be apprecia ted i f jtou w i l l kindly have a l l of the data v e r i f i e d or cor rec ted and brought up to date a s of June 30, 1926, supplying such informat ion r e -garding each branch as i s c a l l e d fo r but not shown, and i n s e r t i n g any banks which operate branches but which are not l i s t e d . When completed the statement should, so f a r as data are ava i l ab l e , conform to the s ty l e of the enclosed sample sheet . The o r i g i n a l copy of the statement with a l l co r r ec t ions and addi t ions noted thereon should be returned to the Board.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

449 The notes a t the bottom of the form ind ica te how the information

ca l l ed f o r in column 2 i s to "be repor ted . In the t h i r d column are to "be shown the year in which the branch was opened f o r bus iness , together with the month and date where r e a d i l y ava i l ab le , a lso the manner i n which the branch was e s t ab l i shed - whether "de novo" (by the present opera t ing bank) or o the r -wise. If not e s t ab l i shed "de novo" by the present bank, the date should represent t ha t on which i t became a branch of such bank, and the name, c a p i t a l and depos i t s of the bank which was converted i n t o a branch should be given, or so much of the data as i s r ead i ly ava i l ab le . If the branch was formerly operated by*another bank, t h i s f a c t should be shown in the manner ind ica ted on the sample sheet , and i t should a lso be s t a t ed whether the branch was o r i g i n a l l y e s t ab l i shed "de novo" (as a branch), or whether i t was o r i g i n a l l y an independent bank. In case a bank or branch i s loca ted i n an out ly ing sect ion of a c i t y , care should be taken to see tha t the name of the c i t y or town i s given as the l oca t i on , followed by the name of the subdivision in parenthes is i f p r a c t i c a b l e , as , f o r example, Los Angeles (Hollywood) or Mow York (Brooklyn).

In .order to enable the Board to maintain a complete up- to -da te record of branch banks in operat ion in the United S ta t e s , i t w i l l be apprec ia ted i f you w i l l k indly f u r n i s h u s , as soon as p rac t i cab le a f t e r June 30 and December 31 of each year , with a r e p o r t , i n accordance with the enclosed sample form, covering a l l branches e s t ab l i shed during the six-month per iod ( inc luding branches taken over by one bank from another) by na t iona l and s t a t e member banks in your d i s t r i c t , and by a l l nonmember banks i n the above-mentioned s t a t e s ; a l i s t of branches discontinued, showing the date and method of d i s -continuance in each case; and a l i s t of f u l l - f l e d g e d branches changed to t e l l e r ' s windows, and v ice versa .

The Board a l so wishes to b r ing up to date the information regarding chain banking received i n 1922 in response to i t s l e t t e r X-35^9 October 31, 1922. I t w i l l accordingly be apprecia ted i f you w i l l accompany your repor t on branch banks with as complete a statement as p rac t i cab le on chain banking in your d i s t r i c t , g iving the name by which each chain i s genera l ly known, by whom the c o n t r o l l i n g i n t e r e s t i s he ld , the character and degree of cont ro l exercised, the name and loca t ion of each bank belonging to the chain, and such other information regarding the func t ions of the chain groups as you now have avai lable or may be able to obtain r ead i l y .

Very t r u l y yours ,

Walter 1 . Eddy, Secretary .

Enclosure.

LETTER TO ALL FEDERAL RESERVE AGENTS EXCEPT SM FRAHCIECO* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

f (sample sheet) 4 5 0

MMEMBER BAMS* WITH BBMCHES OE ADDITIONAL OFFICES, DBG. 31, 1925.

(To be brought up to date as of June 30, 1926) g .

Location and name of parent bank

Location, name or s t r e e t address , and type of branch**

Date and method of estab-11shment of branch***

( s t a t e ) *

Oakville F i r s t State Bank

Oakville Uptown o f f i c e Dec. 1, 1920, de novo

d i t t o Centerv i l le Cente rv i l l e Branch

C 1908. Formerly Second B State Bank, c a p i t a l $50,000

depos i t s $500,000.

Yale Empire Trust Co.

York 158 Front St.

HC Feb. 1912. Formerly branch A of Third State Bank.

Or ig ina l ly de novo branch.

Jonesvi l le Ci t izens State Bank

Jonesv i l l e 95 Market St.

March 1923% Formerly B branch of F i r s t National

Bank. Or ig ina l ly independ-ent bank.

*A11 banks a re stock savings or commercial banks or t r u s t companies, except those marked "Mutual savings" or "private bank."

**If the branch or o f f i c e i s located i n t e r r i t o r y contiguous a t some point to the corporate l i m i t s of the home c i t y , ind ica te t h i s f a c t by "C" a f t e r the name of the town; i f loca ted i n non-contiguous t e r r i t o r y , i nd ica t e by "NC". Also designate an add i t iona l o f f i c e or t e l l e r ' s window, i . e . , an o f f i c e not authorized to make loans , by "A", and a f u l l - f l e d g e d branch by "B".

***See accompanying l e t t e r of i n s t r u c t i o n s .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis