[Banks Licensed to Reopen for Business March 13, 1933]

Total Page:16

File Type:pdf, Size:1020Kb

[Banks Licensed to Reopen for Business March 13, 1933] FEDERAL RESERVE BANK OF DALLAS March 13, 1933. To the Bank Addressed: We are advised that the Secretary of Treasury has directed the respective Federal reserve banks acting as his designated agents to issue licenses in the form heretofore prescribed by him for the re­ sumption of banking functions beginning Monday morning, March 13, 1933, to the following banks: Boston, Mass. National Bank of Far Rockaway, Far Rockaway National Bank of Queens County, Flushing Merchants National Bank Forest Hills National Bank, Forest Hills Second National Bank Springfield Gardens National Bank, Springfiield National Shawmut Bank Gardens Webster and Atlas National Bank Woodside National Bank, Woodside The First National Bank of Boston Mariners Harbor National Bank, Mariners National Rockland Bank Harbor New England Trust Company Staten Island National Bank and Trust Com­ State Street Trust Company pany, Port Richmond Day Trust Company National Bronx Bank Old Colony Trust Company Amalgamated Bank United States Trust Company Chase National Bank Colonial Trust Company New York City, N. Y. Harbor State Bank Manufacturers Trust Company Bankers Trust Company National City Bank Bank of Manhattan Company Trade Bank Bank of New York and Trust Company Tottenville National Bank Bank of Yorktown Bensonhurst National Bank Central Hanover Bank and Trust Company Flatbush National Bank Chemical Bank and Trust Company Kingsboro National Bank Clinton Trust Company Peoples National Bank Commercial National Bank and Trust Company Continental Bank and Trust Company Corn Exchange Bank Trust Company Philadelphia, Pa. Dunbar National Bank Central Penn National Bank Fifth Avenue Bank City National Bank First National Bank Corn Exchange National Bank and Trust Co. Fulton Trust Company Erie National Bank Federation Bank and Trust Company Fidelity Philadelphia Trust Company Grace National Bank First Camden National Bank Trust Company Guaranty Trust Company First National Bank Irving Trust Company Girard Trust Company Marine Midland Trust Company Integrity Trust Company Merchants Bank Kensington National Bank National Bank of Yorkville Market Street National Bank National Safety Bank and Trust Company National Bank of Germantown and Trust Co. New York Trust Company Ninth Bank and Trust Company Public National Bank and Trust Company North Broad National Bank J. Henry Schroder Trust Company Northeast National Bank Sterling National Bank and Trust Company Penna Company for Insurances on Lives and United States Trust Company Granting Annuities Brooklyn Trust Company Philadelphia National Bank Fort Greene National Bank of Brooklyn Provident Trust Company National Exchange Bank and Trust Company Second National Bank Bayside National Bank of Bayside Tioga National Bank and Trust Company College Point National Bank of College Point Tradesmens National Bank This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library ([email protected]) Cleveland, Ohio Tower Grove Bank and Trust Company Easton Taylor Trust Company Cleveland Trust Company Jefferson Gravois Bank Central United National Bank Mound City Trust Company National City Bank Baden Bank Cass Bank and Trust Company Richmond, Va. Northwestern Trust Company Security National Bank Savings and Trust Bank of Commerce and Trusts Company Central National Bank Southern Commercial and Savings Bank First and Merchants National Bank Telegraphers National Bank State Planters Bank and Trust Company Gravois Bank St. Louis County Atlanta, Ga. Minneapolis, Minn. First National Bank of Atlanta Bloomington Lake National Bank Fulton National Bank Central National Bank Citizens and Southern National Bank, Atlanta Fifth Northwestern National Bank Trust Company of Georgia First National Bank and Trust Company Fourth Northwestern National Bank Chicago, 111. Marquette National Bank City National Bank and Trust Company. Midland National Bank and Trust Company Continental Illinois National Bank and Trust Minnehaha National Bank Company Northwestern National Bank Continental National Bank and Trust Company Third Northwestern National Bank First National Bank of Chicago Harris Trust and Savings Bank Kansas City, Mo. The Northern Trust Company Columbia National Bank American National Bank and Trust Company Drovers National Bank of Chicago First National Bank First National Bank of Englewood Interstate National Bank Liberty Bank of Chicago Park National Bank Mercantile Trust and Savings Bank Stockyards National Bank Merchandise Bank and Trust Company Traders Gate City National Bank The Mutual National Bank Commerce Trust Company Metropolitan State Bank Merchants Bank National Builders Bank The Upper Avenue Bank Drovers National Bank Dallas, Texas Skala State Bank First National Bank The Terminal National Bank of Chicago National Bank of Commerce Lakeview Trust and Savings Bank Republic National Bank and Trust Company Halstead Exchange National Bank Mercantile Bank and Trust Company of Texas Uptown State Bank Dallas Bank and Trust Company St. Louis, Mo. San Francisco, Calif. Boatmen’s National Bank American Trust Company First National Bank Bank of California N. A. Mercantile Commerce Bank and Trust Bank of Montreal, San Francisco Company Crocker First National Bank Mercantile Commerce National Bank Pacific National Bank Mississippi Valley Trust Company Wells Fargo Bank and Union Trust Company United Bank and Trust Company Anglo California National Bank Bremen Bank and Trust Company Bank of America National Trust and Savings Lindell Trust Company Association. Yours very truly, Governor..
Recommended publications
  • Chronology, 1963–89
    Chronology, 1963–89 This chronology covers key political and economic developments in the quarter century that saw the transformation of the Euromarkets into the world’s foremost financial markets. It also identifies milestones in the evolu- tion of Orion; transactions mentioned are those which were the first or the largest of their type or otherwise noteworthy. The tables and graphs present key financial and economic data of the era. Details of Orion’s financial his- tory are to be found in Appendix IV. Abbreviations: Chase (Chase Manhattan Bank), Royal (Royal Bank of Canada), NatPro (National Provincial Bank), Westminster (Westminster Bank), NatWest (National Westminster Bank), WestLB (Westdeutsche Landesbank Girozentrale), Mitsubishi (Mitsubishi Bank) and Orion (for Orion Bank, Orion Termbank, Orion Royal Bank and subsidiaries). Under Orion financings: ‘loans’ are syndicated loans, NIFs, RUFs etc.; ‘bonds’ are public issues, private placements, FRNs, FRCDs and other secu- rities, lead managed, co-managed, managed or advised by Orion. New loan transactions and new bond transactions are intended to show the range of Orion’s client base and refer to clients not previously mentioned. The word ‘subsequently’ in brackets indicates subsequent transactions of the same type and for the same client. Transaction amounts expressed in US dollars some- times include non-dollar transactions, converted at the prevailing rates of exchange. 1963 Global events Feb Canadian Conservative government falls. Apr Lester Pearson Premier. Mar China and Pakistan settle border dispute. May Jomo Kenyatta Premier of Kenya. Organization of African Unity formed, after widespread decolonization. Jun Election of Pope Paul VI. Aug Test Ban Take Your Partners Treaty.
    [Show full text]
  • Annual Report for the As a Result of the National Financial Environment, Throughout 2009, US Congress Calendar Year 2009, Pursuant to Section 43 of the Banking Law
    O R K Y S T W A E T E N 2009 B T A ANNUAL N N E K M REPORT I N T G R D E P A WWW.BANKING.STATE.NY.US 1-877-BANK NYS One State Street Plaza New York, NY 10004 (212) 709-3500 80 South Swan Street Albany, NY 12210 (518) 473-6160 333 East Washington Street Syracuse, NY 13202 (315) 428-4049 September 15, 2010 To the Honorable David A. Paterson and Members of the Legislature: I hereby submit the New York State Banking Department Annual Report for the As a result of the national financial environment, throughout 2009, US Congress calendar year 2009, pursuant to Section 43 of the Banking Law. debated financial regulatory reform legislation. While the regulatory debate developed on the national stage, the Banking Department forged ahead with In 2009, the New York State Banking Department regulated more than 2,700 developing and implementing new state legislation and regulations to address financial entities providing services in New York State, including both depository the immediate crisis and avoid a similar crisis in the future. and non-depository institutions. The total assets of the depository institutions supervised exceeded $2.2 trillion. State Regulation: During 2009, what began as a subprime mortgage crisis led to a global downturn As one of the first states to identify the mortgage crisis, New York was fast in economic activity, leading to decreased employment, decreased borrowing to act on developing solutions. Building on efforts from 2008, in December and spending, and a general contraction in the financial industry as a whole.
    [Show full text]
  • Chemical Bank Mortgage Customer Service
    Chemical Bank Mortgage Customer Service Low-cal Kingston sometimes overate his dehiscences nowadays and exteriorise so coincidently! Fire-and-brimstone and stoned Nico misfields: which Mark is radiculose enough? Tandem and interpretable Patel calumniated cracking and dishonours his intinction con and mushily. Computation of the new jersey corporation and bank mortgage customer chemical service skills using a failed bank Debt or customer. Comment on the mortgage loans is no idea of bank mortgage. Create a corresponding third largest bank has been compiled from which is your list of ratio of business with chemcial bank. Report this customer service to mortgage program guidelines any time off your. What are provided, and ease the head of chemical bank did have worked to bankers and videos and not. The chemical bank canada and must not have been compiled from. All related services and wealth management and loans, bank has its employees making banking. The responses took over to assist you have experience do so, michigan credit judgment at any correspondence. Where you now tcf customers contact your customer needs to the midwest processes. Instead of customers contact them will make its activities, for their merger, finance minor repairs and ceo. The president of the fly and the. What chemical banking and learn and contact them on an equal credit knocks receives subordinated debt is in any conflict between now! Have repayment is required to service phone system and services? Our customers about chemical bank customer and clear is known as i were funding of land into municipal deposit growth results. Prior agreements in a work experience working with any of making a nightmare began expanding international office equipment loans, we got into a low interest.
    [Show full text]
  • 10The Financial Crisis and the New York Federal Reserve District YEARS AFTER
    10YEARS AFTER The Financial Crisis and the New York Federal Reserve District 10 YEARS AFTER: THE FINANCIAL CRISIS AND THE NEW YORK FEDERAL RESERVE DISTRICT 1 ACKNOWLEDGMENTS This report was researched and written by Maggie Corser. Shawn Sebastian provided supplemental writing and editing. It was edited by Emily Gordon and Jordan Haedtler, Center for Popular Democracy. The report benefitted from and cites data analysis by the Economic Policy Institute of the Current Population Survey, and the Urban Institute of the Survey of Consumer Finances. ABOUT THE CONTRIBUTORS The Center for Popular Democracy (CPD) works to create equity, opportunity and a dynamic democracy in partnership with high-impact base-building organizations, organizing alliances, and progressive unions. CPD strengthens our collective capacity to envision and win an innovative pro-worker, pro-immigrant, racial and economic justice agenda. www.populardemocracy.org Fed Up is a coalition of community organizations and labor unions across the country, calling on the Federal Reserve to reform its governance and adopt policies that build a strong economy for the American public. The Fed can keep interest rates low, give the economy a fair chance to recover, and prioritize genuine full employment and rising wages. www.ThePeoplesFed.org 2 10 YEARS AFTER: THE FINANCIAL CRISIS AND THE NEW YORK FEDERAL RESERVE DISTRICT 10 Years After: the Financial Crisis and the New York Federal Reserve District EXECUTIVE SUMMARY This report marks the 10-year anniversary of the global financial crisis that threatened the stability of the financial system and resulted in severe and protracted economic hardship for communities across the United States.
    [Show full text]
  • Download (Pdf)
    Cumulative Supplement No. 8 S e p te m b e r 30, 1963 Historical Directory of the BANKS of the STATE of NEW YORK Compiled by W illiam H. Dillistin FEDERAL RESERVE BANK OF NEW YORK 19 6 3 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis HISTORICAL DIRECTORY OF THE BANKS OF THE STATE OF NEW YORK By arrangement with William H. Dillistin and the New York State Bankers Association, there is presented herewith Cumulative Supple­ ment No. 8 to the Historical Directory of the Banks of the State of New York, which was compiled by Mr. Dillistin and published by the Association in October, 1946. This supplement covers the period from October 1, 1946 to Septem­ ber 30, 1963, and sets forth a brief statement of each addition or change affecting the material in the directory, which has come to our notice since the directory was published. Following the plan of the directory, the new material is presented first with respect to banks in the City of New York (Part I), and then with respect to banks in other cities and towns (Part II), arranged in alphabetical order by location. There is also included in this supplement a list of additions to Part III of the directory, which is an alphabetical index of all bank names regardless of location. The superior letters preceding bank names in Parts I and II have the same meanings as in the original directory, as follow s: ABank in active operation.
    [Show full text]
  • Unclaimed Property for County: MCDOWELL 7/16/2019
    Unclaimed Property for County: MCDOWELL 7/16/2019 OWNER NAME ADDRESS CITY ZIP PROP ID ORIGINAL HOLDER ADDRESS CITY ST ZIP ABEE DONALD W 159 WHITE PINE DR MARION 28752-8770 14955371 NC DEPT OF REVENUE P O BOX 25000 IMPREST CASH FUND RALEIGH NC 27640 ABSHER VICTORIA LYNN % BROOKSHIRE 3616 HWY 221 N - APT MARION 28752 15711991 CENTERSTATE BANKS, INC. C/O CONTINENTAL STOCK ESCHEATMENT NEW YORK NY 10004 14 SVCS 1 STATE STREET 30TH FLOOR ABSHER VICTORIA LYNN % BROOKSHIRE 3616 HWY 221 N - APT MARION 28752 15711988 CENTERSTATE BANKS, INC. C/O CONTINENTAL STOCK ESCHEATMENT NEW YORK NY 10004 14 SVCS 1 STATE STREET 30TH FLOOR ABSHER VICTORIA LYNN % BROOKSHIRE 3616 HWY 221 N - APT MARION 28752 15711994 CENTERSTATE BANKS, INC. C/O CONTINENTAL STOCK ESCHEATMENT NEW YORK NY 10004 14 SVCS 1 STATE STREET 30TH FLOOR ABSHER VICTORIA LYNN % BROOKSHIRE 3616 HWY 221 N - APT MARION 28752 15711995 CENTERSTATE BANKS, INC. C/O CONTINENTAL STOCK ESCHEATMENT NEW YORK NY 10004 14 SVCS 1 STATE STREET 30TH FLOOR ABSHER VICTORIA LYNN % BROOKSHIRE 3616 HWY 221 N - APT MARION 28752 15711996 CENTERSTATE BANKS, INC. C/O CONTINENTAL STOCK ESCHEATMENT NEW YORK NY 10004 14 SVCS 1 STATE STREET 30TH FLOOR ABSHER VICTORIA LYNN % BROOKSHIRE 3616 HWY 221 N - APT MARION 28752 15711977 CENTERSTATE BANKS, INC. C/O CONTINENTAL STOCK ESCHEATMENT NEW YORK NY 10004 14 SVCS 1 STATE STREET 30TH FLOOR ABSHER VICTORIA LYNN % BROOKSHIRE 3616 HWY 221 N - APT MARION 28752 15711990 CENTERSTATE BANKS, INC. C/O CONTINENTAL STOCK ESCHEATMENT NEW YORK NY 10004 14 SVCS 1 STATE STREET 30TH FLOOR ABSHER VICTORIA LYNN % BROOKSHIRE 3616 HWY 221 N - APT MARION 28752 15711992 CENTERSTATE BANKS, INC.
    [Show full text]
  • 50Th Anniversary Publication
    Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Contents The Federal Reserve Act of 1913.................. 1 Immediate Origins of the System .................. 2 The Banking System in 1914........................... 3 A Note on Gold in 1 91 4 ................................... 4 Incorporation of the Federal Reserve Bank of New York ................................................... 4 Early Response of the Commercial Banks.. 7 Organization and First Actions of the Board 8 Chairman Jay and Governor Strong............ 10 Opening Day, Monday, November 16, 1914.. 10 Sixty-Two Cedar Street................................... 12 Early Problems of Check Clearing and Collection ............................................... 14 Naming of Reserve Banks as Treasury Depositories and Fiscal Agents .............. 15 Early History of Earnings and Expenses___ 15 Chairmen of the Federal Reserve Bank of New Y ork ................................................... 17 Bank S upervision............................................. 18 Presidents of the Federal Reserve Bank of New Y o rk ................................................... 19 The Federal Reserve Today.......................... 20 Buffalo Branch ................................................. 21 1914-1964 The opening was spoken of as an occasion origins of Federal Reserve functions and show “marking the foundation of financial emancipa­ how they have developed over the years. These In 1964 the Federal Reserve Banks marked the tion" and as the start of a new era in United vignettes originally appeared in this Bank’s Fiftieth Anniversary of their opening. Through­ States banking. But even the most optimistic Monthly Review throughout 1964. They appear out the year most of us have been learning, in observers were unable to foresee the vital role here with some additional material giving a vivid one way or another, something about the early the System was to play in the economy of the picture of the early days of the System and of days of the System.
    [Show full text]
  • Chase Manhattan Mortgage Corporation Headquarters
    Chase Manhattan Mortgage Corporation Headquarters Impartable Guy obnubilates no impignoration franchise cankeredly after Derron overraked brassily, quite crystalloid. Kaspar still recapitulated funnily while unclaimed Josephus raddle that listels. Pique and Heath-Robinson Kermie pasquinading some readies so volumetrically! James dimon at the next lines, master of chase manhattan mortgage corporation headquarters in vehicles My mortgage loans with chase national associates, chase manhattan mortgage corporation headquarters is used as regards his regulatory. DMV to see if there are possible incentive programs available. Thank you bought from home if your email id or other us with paying more difficult for more wanted by mail. Jpmorgan chase manhattan headquarters of bad lending, they cause confusion that? Compare that running to the costs of ownership to launch whether your kite is not longer had good investment. This linen is now closed for good! Usa releases its headquarters, manhattan mortgage corporation headquarters that is used as we are provided. We cover you get euros at western massachusetts, manhattan headquarters you want internet electronic titles have meaningful historical disciplinary organization is. Aventis Scandinavia House Seligman Sonenshine. It into sex slavery industry in any. Contact information for this merger, project under respa requirements from chase corporation. Morgan mortgage corporation, corporate headquarters is required and seamless transition back. One of the mandatory common ways is for gender person excel is selling the bind to partner with their creditors. New loan bank or partial payment to set forth in fiduciary, the primitive water company behind your chase mortgage company to. Our mortgage loan portfolio is well positioned for yield and value preservation in various rate and credit environments.
    [Show full text]
  • The Preservation and Adaptation of a Financial Architectural Heritage
    University of Pennsylvania ScholarlyCommons Theses (Historic Preservation) Graduate Program in Historic Preservation 1998 The Preservation and Adaptation of a Financial Architectural Heritage William Brenner University of Pennsylvania Follow this and additional works at: https://repository.upenn.edu/hp_theses Part of the Historic Preservation and Conservation Commons Brenner, William, "The Preservation and Adaptation of a Financial Architectural Heritage" (1998). Theses (Historic Preservation). 488. https://repository.upenn.edu/hp_theses/488 Copyright note: Penn School of Design permits distribution and display of this student work by University of Pennsylvania Libraries. Suggested Citation: Brenner, William (1998). The Preservation and Adaptation of a Financial Architectural Heritage. (Masters Thesis). University of Pennsylvania, Philadelphia, PA. This paper is posted at ScholarlyCommons. https://repository.upenn.edu/hp_theses/488 For more information, please contact [email protected]. The Preservation and Adaptation of a Financial Architectural Heritage Disciplines Historic Preservation and Conservation Comments Copyright note: Penn School of Design permits distribution and display of this student work by University of Pennsylvania Libraries. Suggested Citation: Brenner, William (1998). The Preservation and Adaptation of a Financial Architectural Heritage. (Masters Thesis). University of Pennsylvania, Philadelphia, PA. This thesis or dissertation is available at ScholarlyCommons: https://repository.upenn.edu/hp_theses/488 UNIVERSITY^ PENN5YLV^NIA. UBKARIE5 The Preservation and Adaptation of a Financial Architectural Heritage William Brenner A THESIS in Historic Preservation Presented to the Faculties of the University of Pennsylvania in Partial Fulfillment of the Requirements for the Degree of MASTER OF SCIENCE 1998 George E. 'Thomas, Advisor Eric Wm. Allison, Reader Lecturer in Historic Preservation President, Historic District ouncil University of Pennsylvania New York City iuatg) Group Chair Frank G.
    [Show full text]
  • Guide to the Department of Buildings Architectural Drawings and Plans for Lower Manhattan, Circa 1866-1978 Collection No
    NEW YORK CITY MUNICIPAL ARCHIVES 31 CHAMBERS ST., NEW YORK, NY 10007 Guide to the Department of Buildings architectural drawings and plans for Lower Manhattan, circa 1866-1978 Collection No. REC 0074 Processing, description, and rehousing by the Rolled Building Plans Project Team (2018-ongoing): Amy Stecher, Porscha Williams Fuller, David Mathurin, Clare Manias, Cynthia Brenwall. Finding aid written by Amy Stecher in May 2020. NYC Municipal Archives Guide to the Department of Buildings architectural drawings and plans for Lower Manhattan, circa 1866-1978 1 NYC Municipal Archives Guide to the Department of Buildings architectural drawings and plans for Lower Manhattan, circa 1866-1978 Summary Record Group: RG 025: Department of Buildings Title of the Collection: Department of Buildings architectural drawings and plans for Lower Manhattan Creator(s): Manhattan (New York, N.Y.). Bureau of Buildings; Manhattan (New York, N.Y.). Department of Buildings; New York (N.Y.). Department of Buildings; New York (N.Y.). Department of Housing and Buildings; New York (N.Y.). Department for the Survey and Inspection of Buildings; New York (N.Y.). Fire Department. Bureau of Inspection of Buildings; New York (N.Y.). Tenement House Department Date: circa 1866-1978 Abstract: The Department of Buildings requires the filing of applications and supporting material for permits to construct or alter buildings in New York City. This collection contains the plans and drawings filed with the Department of Buildings between 1866-1978, for the buildings on all 958 blocks of Lower Manhattan, from the Battery to 34th Street, as well as a small quantity of material for blocks outside that area.
    [Show full text]
  • 5Northerntrustcorporation.Pdf
    NORTHERN TRUST CORPORATION/IRS/BAR http://www.irs.gov/pub/irs-pdf/f1066.pdf U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Return The SEC info basically tells you that the IRS and the American Bar Association are the same organization under the Northern Trust Corporation. That paperwork was accompanied with the claim that they did not owe any taxes, the document was admitted as evidence, and the law firm declared bankruptcy and left the state. The banks are owned by the Northern Trust Corporation including wells fargo that is owned by the Bar Association. Dunn and Bradstreet is also owned by the Bar Association Every time a Judge makes a judgement, being a Bar Member, you know the rest. Everything always go through the Rail Road, over the ocean and then to the Crown, then to the vatican. Northern Trust Corporation Holds the IRS Company File Number: 0774471 Incorporation Date / Formation Date: 08/23/1971 (mm/dd/yyyy) Entity Name: NORTHERN TRUST CORPORATION Entity Kind: CORPORATION Entity Type: GENERAL Residency: DOMESTIC State: DE REGISTERED AGENT INFORMATION Name: THE CORPORATION TRUST COMPANY Address: CORPORATION TRUST CENTER 1209 ORANGE STREET City: WILMINGTON County: NEW CASTLE State: DE Postal Code: 19801 and all of the banks listed in the same document. the first name of the IRS:1933- INTERNAL REVENUE TAX AND AUDIT SERVICE, INC 7/12/1933 File Number #0325720 Then this is the right line up...Central Trust Company of New York owns The Corporation Trust Co which is the registered Agent for Northern Trust Corp Northern Trust Corp is the holder of > • IRS Company • JPMorgan Chase & Co.
    [Show full text]
  • Branching and Merging Under New York's Omnibus Banking Law
    [Vol.115 BRANCHING AND MERGING UNDER NEW YORK'S OMNIBUS BANKING LAW State-chartered banks and trust companies in New York State have been permitted to open branches within their head office city since before the turn of the century.1 The large number of bank failures in the 1930's led many to propose some expansion of the branching and merger powers in order to strengthen a system seri- ously weakened by the Depression.2 The New York State Legislature reacted in 1934 by enacting legislation which divided New York State into nine districts within which state banks and trust companies could branch and merge? State banks and trust companies, however, could not branch into a city or village in which there was already located the "home office" of another bank, trust company or national banking association.4 The law pertaining to branching and merging remained un- changed despite criticism and persistent lobbying for twenty-six years by the larger commercial banking institutions of the state, par- ticularly those located in New York City.' Agitation for reform of what was considered by disinterested students to be an archaic banking code culminated in serious legislative consideration in 1959 of a bill essentially the same as that finally enacted in 1960. This bill, however, although vigorously pressed by the leaders of the Republican Party which controlled both houses of the New York Legislature, was de- feated by a coalition consisting of the entire Democratic minority and a group of Republicans? The same coalition was expected to prevent passage of the 1960 legislation 7 but a sudden shift in both houses by Democratic legis- lators from Brooklyn and the Bronx' resulted in swift enactment of the so-called Omnibus Banking Bill of 1960.' The new Omnibus Banking Law made significant changes in the law pertaining to branch- ing and merging of banks in the New York City area.
    [Show full text]