1937 - Complete Issue (53.5M) - Fraser - Federal Reserve Bank of ...

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A f f i l i a t e s : (C ontinued) C o lo n ia l Bunker O il C o .: (C ontinued) Subm ission waived M ilwaukee, W is. , e x te n s io n o f tim e f o r C ity Bank Fanners T ru st C o ., New Y ork , N. Y ., e x te n s io n o f tim e f o r f i l i n g Forms end in s tr u c t io n s f o r next c a l l , sen t t o FRBanks 2 /2 3 ''^ l^ e n d m e n t t o teim s o f , l e t t e r t o FRBanks i n c l o s i n g cop y 1 2 /2 1 Proposed changes, mano o f Mr. &nead o u t lin in g c o n fe r ence w ith C om p troller o f C urrency and su bsequ en t agreement reach ed 1 2 /2 1 Federal S e c u r itie s C o., w h olly owned s u b s id ia r y o f F ed e ra l Trust C o ., Newark, N. J . , p u rch ase o f s to c k o f Kearny N a tion a l Bank i s a t l e a s t c o n tr a r y t o s p i r i t o f law 1 /2 8 53 Hanover S tre e t T ru st, requirem ent f o r su b m ission and p u b lic a tio n o f re p o rt by New England T ru st Co. waived 1 /2 9 General R e a lty Company, C la yton , M o ., d iv o r c e from S t . L o u is County Bank, p lan a p p roved , l e t t e r t o Mr. Wood, FRBank o f S t. L o u is 1 1 / 4 H. A. Douglas M anufacturing C o ., r e p ly t o FRBank o f C h icago re req u est f o r su bm ission and p u b lic a t io n o f re p o rt o f , by P e o p le s S ta te Bank, B ron son , M ic h ., th a t lo a n s on o b l i g a t i o n s do n o t c o n s t i t u t e "in d e b te d n e ss" w ith in w a iv e r p r o v is io n s 5 /1 4 In ter-A m erica C orp ora tion , d is s o lu t io n p ro p o sed by T ransam erica C orp oration and re q u e s t f o r p e im is s io n t o h o ld Banksmerica C o ., a s e c u r i t i e s company w hich would become a f f i l i a t e o f member banks u n t i l Nov. 28, 1938, S e c. 20 o f Banking A ct o f 1933 c o n t r o ls 6 /3 0 In v e sto rs R ealty Company i s a f f i l i a t e o f C allaw ay Bank o f F u lton , M issou ri and Board cannot w aive subm issio n o f a f f i l i a t e r e p o r t s by bank 1 1 / 1 1 Manor Trading C o., i s a f f i l i a t e o f B la ck sh ea r Bank, B la ck sh e a r, G a ., by reason o f a f f i l i a t i o n o f A .P . B ra n tle y Co. w ith bank, p a st c a l l r e p o r t s n ot t o be r e quired 8 / 4 M ille r Bro6. R ealty C o ., I n c . , requirem ent f o r p u b lic a t io n o f re p o rt waived 8 /1 6 Pav-nee Creamery and Cheese F a cto ry , r e p o r t n ot su bm itted b eca u se C itiz e n s S ta te Bank, Pawnee C it y , N e b r ., was n ot aware o f r e la t io n s h ip , w hich no lo n g e r exi s t s , subm ission n ot re q u ir e d 6 / 1 9 Pennsylvania Company f o r In su ra n ces on L iv e s and G ran tin g Annuit i e s , P h ila d e lp h ia , P a ., e x te n s io n o f tim e f o r ^ o m is s io n end p u b lic a t io n o f r e p o r t s o f c o n d i- Digitized for FRASER Federal Reserve Bank of St. Louis ° ' 8 / 1 0 749 268 595 332 1694 1692-6 187 202 1504 714 908 1523 1100 1150 856
Affiliates: (C o n tin u e d ) P e o p le s T ru st Company o f B ergen C ounty, H ackensack, N. J . , must d ie p o s e o f e l l i n e l i g i b l e s e c u r i t i e s o f P i e r c e T ra d in g C o ., i s a f f i l i a t e o f B la ck sh e a r Bank, B la ck - s h e a r, G a ., by re a son o f a f f i l i a t i o n o f A. P . B r a n tle y Co. w ith bank, p a s t c a l l r e p o r ta not t o b e r e q u ir e d Punche V a l le y Farm s, A n t o n it o , C o l o ., r e p o r t n ot subm itted b e ca u s e Commerce T ru st C o ,, K ansas C it y , M o., wae unaware o f r e l a t i o n s h i p , n ot t o be r e q u ir e d f o r M arch 31 S ou th w est R e a lt y C o ., B oard i s o f o p in io n th a t company s t i l l i s n o t a f f i l i a t e o f S ou th w est Bank o f S t . L ou is T h o rn to n L aundry and Dry C le a n in g C o ., r e la t io n s h ip w ith D o lla r S a v in g s and T ru st C o ., Youngstow n, O h io, no lo n g e r e x i s t s T ra n sa m e rica C o r p o r a t io n , d i s t r i b u t i o n o f m a jo r it y o f s to ck o f Bank o f A m erica N a tio n a l T ru st and Savings A ssoc i a t i o n t o , d o e s n o t d e s t r o y r ig h t o f l a t t e r t o p a r t i c i p a t e in e l e c t i o n o f C la ss A d ir e c t o r o f FRBank o f San F r a n c is c o in d e p e n d e n tly o f oth er banks c o n t r o l l e d by T ransam erica C orp ora tion T ri-^C ounty R eal E s ta te C o ., v /a iv e r o f su b m ission o f re p o rt o f , by C om n ercia l Bank, D elp h os, O h io , as lo a n w ill be r e p a id bank M arch 1 and company w i l l be l i q u i d a t e d U nion P r o p e r t i e s , I n c . , b oa rd o f d i r e c t o r s , m in o r it y re p re se n ta t i o n on by U n ion Bank o f Commerce Company, l e t t e r from Mr. F lem in g s t a t in g why i t i s not n e c e s s a r y t o amend c o n d it io n s o f membership to a llo w , r e p ly t o be se n t a d v is in g o f B o a rd 's c o n c u r r e n c e W aiver o f r e p o r t s , l e t t e r t o C o m p tro lle r o f th e C urrency on p r o c e d u r e f o r Wayne T ra d in g C o ., i s a f f i l i a t e o f B la ck sh e a r Bank, B la ck sh ea r, G a ., b y rea son o f a f f i l i a t i o n o f A. P. B ra n tley Co. w ith bank, p a s t c a l l r e p o r t s n o t to be r e q u ir e d W estwood T ru st Company, W estwood, Mew J e r s e y , i n e l i g i b l e s e c u r it i e s m ust be d is p o s e d o f Y ork -H o o v e r Body C o r p o r a tio n , Y ork , P a ., w a iv er o f requirem ent th a t York T iu s t Co. p u b lis h c o n d it io n re p o rt o f , a s a f f i l i a t i o n has been term in a ted A g e n c ie s : Havana: * P e r s o n n e l c l a s s i f i c a t i o n p la n , chan ges in , approved S t a f f : F r a z e r , H. C ,, M anager, s a la r y approved Savannah: S t a f f : Bowden, J . H ., M anager, s a la r y approved G oeth e, J . A ., A s s is t a n t M anager, s a la r y approved Digitized for FRASER Federal Reserve Bank of St. Louis 9 /1 6 1286 8/ 4 1100 6/19 656 1/11 66 1 /2 5 159 1 1 / 5 1506 2/19 327 1 2 /2 1 1701 9 / 9 1245 6 / 4 1100 9 /1 6 1286 3/11 387 8 /2 0 1170 1 /1 5 90 1 /1 5 90 1 /1 5 90
Page 1 and 2: Digitized for FRASER Federal Reserv
Page 3 and 4: I N D E X 1937 "A" A, L. A lbee and
Page 5: A f f i l i a t e s : (C o n tin u
Page 9 and 10: A m erican Bar A s s o c i a t i o
Page 11 and 12: A u to m o b ile s , p u rch a s e
Page 13 and 14: Bank lo a n s on s e c u r i t i e
Page 15 and 16: B la c k , S e n a t o r H ugo, min
Page 17 and 18: B o a r d o f G o v e rn o rs o f F
Page 19 and 20: B oard o f G o v e rn o rs o f FRby
Page 21 and 22: B oard o f G o v e rn o rs o f FRSy
Page 23 and 24: 3o a r d o f G o v e rn o rs o f FR
Page 29 and 30: B on d s: (C o n tin u e d ) S u r
Page 31 and 32: B r a n c h banka, d o m e s tic :
Page 33 and 34: B ranch b a n k s , FRSystem : (C o
Page 35 and 36: B ran ch b a n k s, FRSyetem: (C o
Page 37 and 38: B ranch b a n k s , FRSystam : (C o
Page 39 and 40: B ranch b a n k s, FRSystem : (C o
Page 41 and 42: B udget: (C ontinued) Board o f G o
Page 43 and 44: B ylaw s; (C on tin u ed ) FRBank o
Page 45 and 46: h a r g e o f f a : (C o n tin u e
Page 47 and 48: C i r c u l a r s : (C o n tin u e
Page 49 and 50: C ircu la rs: (C o n tin u e d ) Bo
Page 51 and 52: Congressman John J . : (C ontinued)
Page 53 and 54: fM B d tte ss: (C o n tin u e d ) F
Page 55 and 56: c o m m it t e e s : (C o n tin u e
Page 57 and 58:
am-lttees: (Continued) P r e s id e
Page 59 and 60:
C om ptroller o f th e C u rre n cy
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com p troller o f th e C u rre n cy
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d itton r e p o r t s : (C o n tin
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Resolution o f Penm anent C om m it
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" " " r . a i d . n t a : [C o n ti
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^ " ^ l a e r v e r e q u ir e m e
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S ea ttle T ru st and S a v in g s
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et G en era l, Memoranda o f : in t
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(C o n tin u e d ) (C o n tin u e d
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t com m erce: + Ii] tra d e r e p o
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(C o n tin u e d ) M o b i l e fu n
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( e n t i t l e d ) ^ " " c o n s o
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(Continued) C h ic a g o : (C o n t
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tn.i-9- ( C o n t i n u e d ) ^ ^ H
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Digitized for FRASER Federal Reserv
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S alt Lake C ity. by IRBank a f t e
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S a m in g s and ex p a n ses: (C o
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Examinations: (Continued) r^winrati
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International r ^ o r t s t o 'b e
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Board by Board t o e x tn in e Jenn
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Examiners: (Continued) ^ ^ a n c a
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sppointM ent as a s s i s t s . re
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Page 106 and 107:
E x h ib it s : Pan A m erican E x
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. r ; = " ^ s . - - - - ° . 4 R e
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E x a m in a t io n s : ..< = ist i
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s t a f f : (C on tin u ed ) f e t
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H tAgants: ^ t i e s , r e t i r e
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^ I s s i s t a i t s : ^ " " " " ^
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fR A g e n ts' F e p r e e e n t a
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P R B an* o f A t l a n t a : ( C o
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URBank o f B oston : (C on tin u ed
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yEBank o f s a la r ie s o f o f f
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* ° " * * " " " - - . d " " * " ^'
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S t a ff: (Continued) p r ^ e n t a
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U N M * o f D ^ . s : < Continued)
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FRBank o f Kansas ^ t y : i ^ r e s
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R e s e rv e s :
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FRBank o f New York: M e s s r s .
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FRBani; o f New (C ontinued) Person
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^ Of N e. York: {Continued) S ta ff
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S t a ff: ' ^ * " 3 T ic e P r e s
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FHBtm* o f P h ila d e lp h ia . ^
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R eid . M a r g a r e t 7- - . A s
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FRBank o f Richmond: (C ontinued) S
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„ ^ (C on tin u ed ) p-pBanK o f
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( C o n t i n u e d ) i — -p crai
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yRpanks: o f B oard: Assessment f o
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i l ^ ^ d ^ s ^ s s i L ^ o f ^ a n
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FRBanks: (C o n tin u e d ) + + „
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F R B u lletin : (c o n tin u e d )
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tr&notes- (C on tin u ed ) C ustody
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(C on tinued) . a p p l i c a t i o
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F irs t o f a c t io n y. L e t t e
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F id u c ia r y pow ers. ( L o u i
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F i d u c i a r y p e e r s : ' ^ "
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New^York. s h a n g h a i, H ongkon
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hanks* (Continued) ^ i S e ^ s n t
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anks: C o n t in u e d ) v i s i t
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Forms: (Continued) (co n tin u e d
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176 ^*93 (c o n tin u e d ) G o v e
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^ o S ch ool o f B a l i n g : r e
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H old in g company Spokane, W ash .
Page 186 and 187:
tiria s r e t e n t i o n o f em pl
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I n d e x e s , I d lin g s , H a r
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186 In su ran ce: (C ontinued) M o
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i n t e r e s t : ent on d e p o s
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d i r e c t o r a t e s : [C o n ti
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lQ P i-r^ tective C o u n c i l , I
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Leaves o f ab sen ce: ^ " " ' p r e
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L e g i s l a t i o n : B a n k ru
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T ^
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P r i c e s or S s c u s s e d and
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^ ^ ^ t i o n o f r e t u r n s on
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L o a n s : w e e K l y r e p o r t
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, (C on tin u ed ) m an ber b a n k
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M argin r e ^ u i r ^ e n t s : t o
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^ ^ ^ i J c r e a s e ; h a l f °f
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H ^ b s r s h lp in b u s in e a a
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S n d it io n s = ^ . n t i n u e d
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F H Systsa: (C o n t in u e d ) ' c
Page 222 and 223:
. /c o n t i n u e d ) ^ ^ b e r s
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M ^ b e r s h ip A d a ^ O ^ * . ^
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in FRSystem: ^ C le v e la n d , O
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^ n i-in u ed ) K v - , o b j e c t
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K e tio n a l banks: ^ ^ ^ ^ ^ n t
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N a tio n a l ban ks: { ^ ^ f ' o w
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n a t io n a l ta n k s : B o i s e
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t io D a l b a n k s : and T r u s
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N a t i o n a l ( C o n t i n u e d
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- ° - . - - = ' ' ' o f l ! t t e
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^ ^ C i u t ^ l e t t e r t o M r.
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^36 ^ l E i l v t o b e c o n t i n
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^ ^ p l e t i ^ ^ p i w " * o f " s
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- o f B oa rd o f G o v e r n o r s
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Q u a r t e r s o f 3 ° ° ^ ^ C o
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Statem ent o f t h o s e in e f f e
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Statem ent o f th o s e in e f f e
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- +-s- (C ootlD ued) ( c o n t i n
Page 258 and 259:
Schedule o i mBanX o f t o 1% u n d
Page 260 and 261:
256 R ates: y^Bank mi; o f Richm on
Page 262 and 263:
F R B a n k s : Digitized for FRASE
Page 264 and 265:
t o C o m p t r o l l e r o f th e
Page 266 and 267:
Page 268 and 269:
Board o f ^ f ^ c h a s o f n a tio
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Page 272 and 273:
R egulations: continued) B o a rd o
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- . . . . . Margin r e q u i r e m
Page 276 and 277:
. ^ n p loy ees, l e t t e r t o a
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R eserves: tC o n ti^ e d ) ^ coupo
Page 280 and 281:
R eserves: Rnead t o make s tu d y
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t t o ^ ^ ^ o r a t i o n : l?:j Fi
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Reasons sta tin g 6/
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Resolutions: ' f o ' ^ ' l r o s s
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Retir^neDts: TWhHnk o f Chicago, Bo
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2 ° ' u n able to bro ' * attend,
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. ^ ^ t a t i o n Of 1 0 % i * Sec
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Trust . awaiting investm ent, may b
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Securities ^ ^ ^ ^ ^ ^ c h e s a p
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y-i^ies and Exchange f f 1337, copy
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Erchange p roposal to e lim in a te
Page 302 and 303:
296 FRBank o f San F ra n cisco f o
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298 ^acpal Staff o f Board o f Gove
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^ (Continued) Bank Operations: a u
Page 309 and 310:
^ Boord o f G overnors: ( Continued
Page 311:
' ^ v isio n o f Research end S t a
Page 314 and 315:
Duplicating section. ^ changed from
Page 316 and 317:
^ . ' ^ Y . ^ r y l e a s e d ^ Har
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of of ^vsm crs: (Continued) " appoi
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^ w o l ^ n e n t . t^porsry. and s
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State nmber backs: Mich., eaminga p
Page 324 and 325:
' ^ M ^ r T r -is t C°-. trustee o
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w a iv e r o f notice and pennissio
Page 328 and 329:
"'tete m&nber banks: ( Continued) C
Page 330 and 331:
State msnber banks: (Continued) j E
Page 332 and 333:
State Htsnber b*"*s' i^ T lio a r a
Page 334 and 335:
S t a t e ngnber banks. ^ ^ i^ ^ c
Page 336 and 337:
" ^ M ^ s h t p E d itio n requirin
Page 338 and 339:
s t a t e montser banks: County. Ha
Page 340 and 341:
State m e mber banks: Savannah, Ga.
Page 342 and 343:
Stste member banks; j . , membershi
Page 344 and 345:
State M .bef M ich.. loan to W. J.
Page 346 and 347:
Stephenson, J. R-, letter expressin
Page 348 and 349:
Stock capital: (Continued) Sedan St
Page 350 and 351:
Stock, preferred: (Continued) !4inn
Page 352 and 353:
Surveys* ( Continued) FRBank o f Ri
Page 354 and 355:
^**State manber banks, stock o f Fe
Page 356 and 357:
Treasury Department: (Continued) Pr
Page 358 and 359:
Trust funds: (Continued) Investment
Page 360 and 361:
Unsafe practices: (Continued) Rarit
Page 362 and 363:
Violations: (Continued) Sec. 22(a)
Page 364 and 365:
Voting pennits: (Continued) General
Page 366 and 367:
W arehouse receipts: (Continued) F
Page 368:
Woolf Charles, suggestion that Stat
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