99'&)
At an adjourned meeting of the Federal Reserve
Board held in the office of the Board at 2:30 p.
on Tuesdv, Septamber 12, 1916,
PH3SENT:
Governor Harding (presiding)
Er. Warburg Yr. Hamlin
Ur. Laller Lir. Williams
rr. idlen, Secretary.
There were also present by invitation
Er. Jay Er. Broderick
Lr. Dulany Lr. Jacobson
On motion of Lr. Hamlin, duly seconded by 2:r.
Harding, the applications contained in the tao re-
ports of the Committee on the Clayton Act, dated
Sept. 7 and Sept. 11, respectively, (see report
incorporated in minutes of this morning's meeting)
and questioned by Ix. 'Mims were approved with
the exception of the applications from Baltimore,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Md., and Cleveland, Ohio, which were referred to
Mr. Broderick and Er. Dulany for a report.
Mr. Williams did not vote on the following '
applications because he had not sufficient knoaledge
of the facts in each case to justify an affirmitive
vote:-
DISTRICT NO. 3.
APPROVAL.
S.S.Darmon Phila.,Pa. Southwark Nat.Bk. Phila., Pa. Peoples Trust Co. do
DISTRICT NO. 12.
APPROVAL.
J.L.Flood SanFrancisco Wells Fargo Nevada San J.Henry Meyer do Nat. Bank Francisco, Win.?.Herrin do Union Trust Co. Cal. A.H.Payson do do
Charles J.Deering do Wells Fargo Nevada Nat. Bank do Union Trust Co. do Columbia Savings & Loan Society do
Isaias N.Hellman do Wells Fargo Nevada I. 4. Hellman,Jr. do Nat. Bank do Union Trust Co. do Farmers & Merchants Los Nat. Bank Angeles
George A.Pope do Bank of Cal.,N.A. S.Fr'isco. Mission Savings Bk. do Union Trust Co. do
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Williams voted in the negative on the following
applications:
John H. Clapp Washington, D.C. Federal. Nat'1.Bank, J. J. Darlington do Washington, D. C. N. H. Shea do Washington Loan & Trust Co., Washing- ton, D. C.
D. J. Kaufman, Washington,D.O. Columbia /Tat'1•Barak, Washington, D. C. Union Trust Co., Washington, D. C.
Chas. B. Bailey, Washington,D.C. Columbia Nat'1.Bank, Wm. E. Barker Washington, D. C. John Joy Edson Washington Loan & A. F. Fox Trust Co., Washing- 0_Th08. W. Noyes ton, D. C. L. P. Shoemaker
George Truesdell Washington,D.C. Nat'l. Metropolitan Bank, ita.shington,D.C. Washington Loan & Trust Co., Washington, D. C.
C. F. Nornent Washington,D.C. Natil.Bank of 'Sash- Daniel Fraser do ington, Washington, D. C. American Security & Trust Co.,Washington, D. C.
William V. Cox Brightwood,D.G. Second Nat'l. Bank, Walter C. Glephane Chevy Chase,11d. Washington, D. C. Nat'l. Savings & Trust Co.,Washington, D. C.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Samuel H. Walker, Washington, D. C. Nat'l.Capitol Bank, Lewis Flamer do Washington, D. C. W. P. C. Hazen do East Washington George F. Harbin do Savings Bank, John C. Yost do Washington, D. C.
Henry H. McKee Washington, D. C. Nat'1.0apitol Bank, Washington, D. C. East Washington Savings Bank, Jashington, D. C.
Chas. W. Fairfax Washington, D. C. Second Nat'l.Bank, Somerset R. Waters do Washington, D. C. 7th Street Savings Bank, Washington, D. C.
The general situation in New York City and the
policy to be followed in considering the applications
therefrom were discussed.
A motion was made by Mr. Miller and seconded by
Mr. Williams that the a,Tlications of eleven directors of
the National City Bank to serve at the same time as
directors of the Farmers Loan and Trust Company, both of
New York, be denied. The motion was lost.
A motion was made by Mr. Warburg that the ap-
plications of eleven directors of the National City Bank
to serve at the same time as directors of the Farmers
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Loan and Trust Company, both of New York, be granted.
A motion was made by Mr. Miller and seconded
by Er. gillians that the motion of Mr. Warburg be tabled.
The motion of Er. Miller was carried, Er. garburg voting
in the negative. Er. garburg's motion was tabled.
Et. dillians left the Board room at this point.
The applications for permission of the Board
under the Kern amendment from the New York District,
together with the recommendation of Federal Reserve Agent
Jay and the Committee on the Clayton Act were considered
one at a time.
The following resolution, introduced by Li'.
darburg, was passed after deliberation:-
RESOLVED, That the following applications in
the New York District be granted:-
DISTRICT NO. 2.
APPROVAL.
Janes A. Smith Brooklyn American Exchange New York Nat'l. Bank. Pacific Bank do
George Legg New York American Exchange do Nat'l. Bank, ' Pacific Bank do
John S. Browning do American Exchange do Nat'l. Bank, kacific Bank do
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 934
W. H. Bennett Brooklyn American xchange Nat'l New YO1 Bank, Pacific Bank do
John T. Terry New York American Exchange Nat'l. Bank, do Pacific Bank do *Letropolitan Trust Co. do
W. P. Dixson New York American Exchange Nat'l. Bank do Lawyers Title & Trust Co. do (Mr. Willians not voting)
Lewis L. Clarke New York American Exchange Nat'l. Bank do Pacific Bank do United States Mortgage & Trust Co. do (Nr.Villiams voting "No" as to US. M. & T. Cod
E. G. Snow New York American Exchange Nat'l. (See minutes Board Bank do do Sept. 21 as to two U. S. Mortgage & Trust Co. do Trust Companies) *Broadway Trust Company (Mr. Williams voting "No" as to U.S. M. & T. Co.) do Henry C. Swords New York Bank of New York Fulton Trust Company do (Mr. William not voting) do A. A. Raven Brooklyn Bank of New York Farmers Loan E Trust Co. d° *Metropolitan Trust Co. do (Er. Williams voting "No" as to Farmers L. & T. Co.) do Ogden Mills New York Bank of New York do United States Trust Co. do *Metropolitan Trust Co. do Philip T. Dodge New York Bank of New York - Lawyers Title & Trust Co. d° do Wm. A. Nash New York Corn Exchange Bank Title Guarantee & Trust Co a)
*Disapproved.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis WW. H. Nichols 'Brooklyn Cora Exchange Bank New York Title Guarantee & Trust Co. do
Clarence R. Kelsey E.Orange,N.J. Corn Exchange Bank do Title Guarantee & Trust Co. do
. E. Frau New York Corn Exchange Bank do Bankers Trust Co. do (Mr. Alliams and Mr. Miller voting "No.") Chase National Bank do A. B. Hepburn New York Columbia Trust Company do *Bankers Trust Company do
4. K. Twitchell Brooklyn Chemical National Bank do Bankers Trust Company do Astor Trust Company do (Mr. dilliams and Mr. Biller voting "No" as to Bankers Trust Co.)
Frederic d. Stevens New York Chemical National Bank do N. Y. Life Insurance & Trust Co. do (Mrs Jhlliazri not voting)
4. E. Roosevelt New York Chemical National Bank do Union Trust Company do *Hanover National Bank do to Union Trust Co.) • (Mr. William not voting as
F. M. Bacon, Jr. New York Citizens Central National Bank do Farmers Loan & Trust Company do (Ir. Williams voting "No.")
Wm. G. Besler PlaInfield,N.J. Coal & Iron Natl.Bank do Mechanios'Trust Co. Bayonne,N.J.
Erskine Hewitt New York Fifth National Bank New York Metropolitan Trust Company do *Lincoln Trust Co. do (Mr. Villltanu not voting as to Metropolitan Trust Co.)
*Disapproved.
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T. A. Vail Lyndonville Vt. Lyndonville Natl.Bank Lynd01/1ill Vt• As Bostont, f National Shaumut Bank New yo,' Astor Trust Company
A. C. James . New York First National Bank New Y'(° do United States Trust Co. do *Hanover Nattl.Bank (MT. Williann voting "No" as to U. S. Trust Co.) do William doodward New York Hanover Nat'l. Bank do Union Trust Company do Colonial Bank (Mr. Williams voting "No" as to Union Trust Co., not voting as to Colonial Bank) do Hanover National* Bank d. V. S. Thorne New York do Fidelity Bank to- rar Mbrristown Trust Co. N. .1°
New York Hanover National Bank Now 11151 John J. Riker jte First National Bank *Farmers Loan & Trust Company N do Bank E. G. Merrill New York Hanover National do Union Trust Company (Mr. Williams voting "No.") dO , William Halls, Jr. New York Hanover National Bank ,t Summit Trust Company *Irving National Bank New 1°14 New yoric Wth. Barbour Monmouth County, Hanover National Bank Trust N. J. Lawyers Title & do Company do H. P. Carse New - York Hanover Nat'l. Bank do Greenwich Bark do *Equitable Trust Co. (Mr. Williams not voting as to Greenwich Bank) do J. Kruttschnitt New York Harriman Nat'l. Bank U. S. Mortgage & Trust co (Mr. William voting "No.")
*Disapproved.
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Edward Townsend New York Importers & Traders National Bank New York Bankers Trust Company do (Messrs. Williams and Miller voting "No.")
C. F. Bassett Brooklyn Importers & Traders Nati onal Bank New York Franklin Trust Co. Brooklyn (Mr. dilliars not voting).
P. M. Burrell Brooklyn Irving National Bank New York Broadway Trust Co. do
F. W. doolworth New York do do
T. F. Whitmarah do do do
J. Cruikshank Brooklyn do do
V. C. Breed New York do do
M. N. Belding,Jr. do do do (Mr. Williams voting "No.")
dm. Skinner Holyoke,Mass. Irving National Bank do Pacific Bank do (Mr. dilliams not voting)
Seward Prosser Englewood,NJ Liberty National Bank do Bankers Trust Company do .Astor .Trust Qompary do (Mr. Williams voting "No" as to Astor Trust Co.)
• D. E. Pomeroy Englewood, . N. J. Liberty National Bank do Bankers Trust Company do Astor Trust Company do (Mr. Williams voting "No" as to Astor Trust Co.)
E. C. Converse Greenwich, Liberty National Bank do Conn. Astor Trust Company do Bankers Trust Company do • (Mr. Williams voting "No" as to Astor Trust Co.)
Thomas Cochran Englewood Liberty National Bank do N. J. Astor Trust Company do (Mr. Williams voting "No.")
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis d. C. Demorest New York Market & Fulton Natl.Bank Fidelity Trust Company (Mr. Williams voting "No.") do J. D. Ryan Butte, Mechanics & Metals Natl. Montana. Bank *Guaranty Trust Company Daly Bank & Trust Company
F. W. Roebling Trenton, Mechanics & Metals Natl. Bank. Mechanic National Bank
G. W. McGarrah New York Mechanics & Metals Natl. New Bank - do N. Y. Produce Exchange Bank dp *Bankers Trust Corny:ay (Mr. Willians voting "No" as to N.Y.Produce Exchange 13ani°
J. McHugh New York Mechanics & Metals Nat'l. Bank do N.Y.Produce Exchange Bank First National Bank Sio I00$ (Mr. Williams voting "No" as to N.Y.Produce Exchange 1.0)1
Id. A. Jmnison Lakewood, Mechanics & Metals Nat'l. !To . N. J. Bank do *Importers & Traders Nat'l. Bank do U. S. Mortgage & Trust Co. .00* (Messrs. Williams and Miller voting "No" as to U.S.M.& Yorx 3. S. House New York Mechanics & Metals Nat'l. Bank do N.Y.Produce Exchange BanIc do Chelsea Exchange Bank an1c) (Mr. dilliams voting "No" as to N.Y.Produce Exchange B Daf op111 H. H. Hewitt Buffalo, Marine Nat'l. Bank of N.Y. Buffalo New01‘ Mechanics & Metals Nat'l. Bank do *The Seaboard Nat'l. Bank
*Disapproved.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Metals New York 0. H. Cutler Suffern,N.Y. Mechanics & Nat'l. Bank *Liberty Nat'l.Bank do Suffern National Bank Suffern,N.Y.
S. S. Campbell Englewood, Mechanics & Metals New York N. J. Nat'l. Bank *Harriman, Nat'l.Bank do Citizens Nat'l. Bank Englewood,NJ
J. A. Stewart New York Merchants Nat'l.Bank New York U. S. Trust Co. do
T. F. Manville New York Merchants Nat'l. Bank do *Mechanics & Metals do Nat'l. Bank Fifth Avenue Bank do (Mr. Will ans not voting as to Fifth Ave. Bank)
V. P. Snyder New York Nat'l. Bank & Commerce do *Guaranty Trust Co. do Union Nat'l. Bank Newark,N.J.
John G. Shedd Chicago Nat'l. Bank of Commerce New York Merchants Loan .& Trust Co. Chicago Illinois Trust & Savings do Bank
F. F. Dryden Newark,N.J. Nat'l.Bank of Commerce New York Union National Bank Newark,N.J.
H.i. De Forest Long Island, Nat'l.Bank of Commerce New York N.Y. *Metropolitan Trust Co. do Hudson Trust Company Hoboken,N.J. (Br. Williams voting "No" as to Hudson Trust Co.)
E. J. Berwind New York Nat'l. Bank of Commerce New York *Guaranty Trust Company do Girard Trust Company do
J. S. Alexander do Nat'l.Bank of Commerce do *Bankers Trust Company do Fulton Trust Company do (Er. Williams voting "No" as to Fulton Trust Co.)
*Di sapprov ed.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 940
Merchants National Bank 08' J. C. Colgate ,Bennington, do Vt. N. Y. Trust Co. (Mr. Williams voting "No") Held for investigation of business of James C. Colgate 41 C°1 do E. Holbrook . New York Merchants National Bank 0 R. I. Hospital Trust Co. Pr)/ R. II
1101 J. A. OtillmAn Pocantico Hills, National City Bank dO N. Y. Second National Bank do *Farmers Loan & Trust Co. , (Mr. Williams voting "No" as to Second National Bank) dO Jas. Stillman , New York National City Bank dO U. S. Trust Company do N. Y. Trust Company (Mr. Williams voting "No", Mr. Miller not voting as to U. S. Trust Co.) do J. W. Sterling New York National City Bank do *Farmers Loan & Trust Co. do N. Y. Trust Company dO W. A. Simonson New York National City Bank dO Second National Bank dO Lincoln National Bank (Mr. Williams voting "No")
Wm. Rockefeller New York National City Bank *Hanover National Bank U. S. Trust Company (Mr. Williams voting "No", Mr. Miler not voting as to U. S. Trust Co.)
P. A. Rockefeller Greenwich, National City Bank Conn. Second National Bank *Farmers Loan & Trust Co. (Mr. Williams *voting "No" as to Second Nat'l. Bank)
T. F. Victor New York National Park Bank Mutual Bank *Farmers Loan & Trust Co. (Mr. Williams not voting as to Mutual Bank)
*Disapproved.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 94 1
Chas. Scribner Morristann, National Park Bank New York N. J. Bank of the Metropolis do Fulton Trust Company do (Mr. Williams not voting as to Bank of Metropolis, voting "No" as to Fulton Trust Co.)
J. D. Oliver South Bend, National Park Bank do First National Bank Chicago,I11.
R. Delafield Tuxedo Park, National Park Bank New York N. Y. Mutual Bank do Union Trust Company do Jilliams not voting as to Mutual Bank, voting "No" as to Union Trust Co.)
J. H. Post Brooklyn National City Bank New York Franklin Trust Co. Brooklyn (Mr. Williams voting "No.")
Cyrus H. McCormick Chicago National City Bank New York Merchants Loan & Chicago Trust Company J. P. Grace Manhasset,L.I. National City Bank New York Lincoln National Bank do (Mr. William voting "No.")
C. H. Dodge New York National City Bank do N. Y. Life Insurance do & Trust Company *Farmers Loan & Trust Co do
R. H. Williams Madison,N.J. National Park Bank do Fulton Trust Company do (Er. Williams voting "No.")
Jno. C. Van Cleaf Montclair, National Park Bank do N. J. Mutual Bank do (Mr. Williams not voting)
Gilbert G. Thorne New York National Park Bank do *Bankers Trust Co. do Yorkville Bank do
Stuyvesant Fish New York National Park Bank do li.Y.Life Insurance do & Trust Co. Commonwealth Trust Co. do
*Di sapprov ed.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 91
Yoric Vb. 0. Oslor Rhinebeck, National Park Bank NeW N.Y. Astor Trust Company do U. S. Trust Company do (Er. Willians voting "No.")
E. H. R. Green Terrell, Seaboard National Bank do Texas. Columbia Trust Company do American Exchange Nat'l. Bank Tatham voting "No" as to Columbia Trust Co.) YorIc E. H. Peaslee New York Second National Bank New Fidelity Bank do
S. G. Bayne do Seaboard National Bank do Columbia Trust Company do Bankers Trust Company do (Mr. Williams voting "No" as to Columbia Trust Co., Mr. Miller not voting as to Bankers Trust Co.)
and, That the following applications from the New York District
be refused: DISAPPROVED. yorX W. 0. Jones Brooklyn Broadway Trust Company N National Park Bank do
Edgar Palmer Rye, N.Y. National City Bank do Farmers Loan & Trust Co. do
E. L. Marston Florham Park, National City Bank do N. J. Farmers Loan & Trust Co. do
A. H. Wiggin New York Chase National Bank do Bankers Trust Co. do Guaranty Trust Co. do
F. A. Vanderlip Scarborough- National City Bank do on-Hudson Farmers Loan & Trust Co. do
O. D. Norton New York First National Bank do Bankers Trust Company do
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis DISAPPROVED (Continued)
J. N. -Jarvie Montclair,N.J. Nat'l.Bank of Commerce New York Bank of America do Central Trust Company do
E. H. Ferry New York Hanorer National Bank do Bankers Trust Company do (Because of foreign exchArge business of Haler National Bank.)
O. A. Peabody New York National Bank of Commerce do Farmers Loan & Trust Co. do Guaranty Trust Co. do
A. D. Juilliard New York National Bank of Commerce do Guaranty Trust Company do Central Trust Company do
G. H. Milliken New York National City Bank do Irving National Bank do
Samuel Sloan Garrison,N.Y. National City Bank do Farmers Loan & Trust Co. do Bank of the Manhattan Co. do
dillism H. Wordin New York Coal & Iron Nat'l. Bank do Seaboard National Bank do
Samuel Woolverton Scarsdale Hanover National Bank do Bankers Trust Company do (Because of foreign exchange business of Hanover National Bank)
J. W. Clark Bernardsville, Hanover National Bank do N. J. Fanners Loan & Trust Co. do (Messrs. Hamlin aid darburg voting for approval, Gov. Harding not voting)
H. P. Whitney New York National Bank of Commerce do 9marany Trust Company do
Alvin W. Krech New York National Bank of Commerce do Equitable Trust Company do
Daniel Guggenheim New York National Bank of Commerce do Guaranty Trust Company do M. Taylor Pyrie Princeton, National City Bank New York N. J. Farmers Loan & Trust Co do * Princeton Bank & Trust Princeton, Co. N.J. *Not necessary to consider as assets under $5,000,000 and is in 200,000. Digitized for FRASER place of less than http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis The following applications f' pennis al on of the
Board under the Kern amenchent, together with the reccmmanda-
tions of the respective Federal Reserve agents and the Com-
mittee on the Clayton Act, ,'ere considered one at a time and
upon motion duly seconded were granted:-
APPROVED. BO 000 John S. Lawrence Boston, Mass. Second Nat'l. Bank ' Edward W. Hutchinson do Boston Safe do Deposit & Trust Co. do 'ia1lace L. Pierce do Bost011 Nathaniel J. Rust Cohasaet,Mass. Commercial Nat'l.Bank dO Boston Safe Deposit & Trust Co.
BO5tO William &Wellington Boston,Mass. Nat'l.Sbavanut Bank do C. Minot Weld Boston Safe Depoiit & Trust Co.
John 47. Farwell Cohasset,Vass. debster & Atlas d° Nat'l. Bank do Boston Safe Deposit & Trust Co.
Frederick S. Peck Barrington,R.I. Nat*1.11sch.BanIc Pr°1ri B. 1.1)0fil Samuel G. Einstein Attleboro ,Mass. First Natl.BanIc At°. Michael F. Dooley Providenee,R.I. OPIP Jos. T. Pearson Philadelphia ,Ia. Ninth Natl.Banlc Industrial Trust 1J61 Title & Sav.Co• linA' ca.herynaeltenTsra rtown. t CO• 9
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis APPROVED.
Samuel I. Vauclain Radnor Twnship,Pa. Phila•Natl.Bank Philadel- phia. Thomas Sovereign Gates Philadelphia, Pa. " Trust Co. do
Levi L. Rue Philadelphia, Pa. Phila.Nutl.Bank do " Trust Co. do Provident Life & Trust Co. do
B. Dawson Coleman Lebanon, Pa. First Natl.Bank Lebanon,Pa. Girard Trust Co. Philadel- phia
Wm. H. Donner Philadelphia, Pa. Phila.Natl.Bank do Mellon " Bank Pittsburgh
Thomas Morrison Pittsburgh, Mellon Nat.Bank do Union Trust Co. do Union Savgs.Bank do
R. B. Mellon, Pittsburgh, Pa. Andrew d. Mellon do Henry C. Frick do Arthur V. Davis do Mellon Natl.Bank Pittsburgh John B. Findley do Union Trust Co. do Philander C. Knox do Union Savings do Henry C. MbEldowney do Bank David E. Park do J. d. Sehoomaker do WM. B. Schiller do George E. Shaw do
E. H. Jennings do Columbia Nat.Bank do A. E. Suocop do Colonial Trust Co. do Germania Savings do Bank 41 (Disapproved as to Colonial Trust Co. and . Columbia Natl. Bank)
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Henry 4. Corning Cleveland First Nat'l. Bank alroeisti John A. Kling do Guardian Savings & Trust Co. H. N. Hanna, Jr,
Howafd Phipps New York Mellon Natl.Bank pittobw. Union Trust Co. do
Henry R. Rea Pittsburgh Mellon Natl.Bank do Union Trust Co. do Union Savings *Bank do
Adolphus 0.Bartlett Chicago First Natl.Bank Chic° Northern Trust Co. do
Martin A. Ryerson do Corn Exchange N.Bank 40 C. L. Hutchinson do Northern Trust Co. do Ernest A. Hamill
Chas. W. Nhitelaw St. Louis Mardhants-Laclede National Bank St.Louls Union Trust Co.
Jacob Stern Saa Francisco Bank of California, S N. A. Bank do ascurity Savings do UnionTrust Co.
Percy T. Morgan Los Altos ,Cal. dells Fargo Nevada National Bank Union Trust Co.
Jesse 4. Lilienthal San Francisco Sigmund Greenebaum do Anglo & London Paris 3. J. Mack do Natl. Bank Mortimer Fleishaoker Woodside,Cal. Herbert Fleishaoker Menlo Park,Oal.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 94-7
P. E. Bowles Oakland,Calif. American Nat'l.Bank San Francisco First National Bank Oaklaad,Cal. First Savings Bank do
C. H. Crocker San Francisco American Nat'l.Bank San Francisco Italian American Bank do
Gavin YoNab San Francisco Merchants Nat'l.Bank do Anglo-California do Trust Co.
and the follwing applications were refused:-
DISAPPROVED.
Charles H. Hulbert Chicago Corn Exchange Nat.Bank Chicago Illinois Trust 4 Sav- do ings Bank
Stanley Field Chicago National City Bank do Illinois Trust & Say- do in Bank First National Bank Lake Forest, 111. (Approved as to First National Bank of Lake Forest, Ill, and one of others)
The application of Henry d. Biddle was refqrred to
the Committee on Clayton Act for an investigation as to whether
Thomas A. Biddle & Comnamy are private bankers.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis It was agreed by the Board that the following
applications should be held until a decision was made in
cases involving Cleveland Trust Companies;
( Ban Irs°11) Janes J. Fagan San Francisco Crocker Nat'l.Bank Savings Union Bank do & Trust Co. do Bank of Italy
do Burlingame,Cal. Croaker Natel.Bank dilliam H. Crocker do Humboldt Savings " Savings Union Bank & Trust Co.
Frank B. Anderson San Rafael,Cal. Bank of California,N.A. do do Mission Bank Savings Union Bank do & Trust Co.
F. D. Madison San Francisco Bank of California,N.A. 4° Bank Savings Union do & Trust Co.
darren D. Clark San Francisco Bank of California,N -A• d° Bank Savings Union do & Trust Co. Security Savings Bank 4°
National Henry C. Breeden Hillsborough, Mercantile do Cal. Bank Savings Union Bank do & Trust Co.
do John D. McKee San Francisco Mercantile Nat'l.Bank Savings Union Bank do & Trust Co.
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W. D. Woolwine Los Angeles Bank of California,1:.A. Los Angeles Security Trust & Sav- ings Bank •do Hibernian Savings Bank do
R. H. Lacy San Llarino, United States Nat.Bank do Cal. Security Trust & Savings do 710 Bank
T. E. Newlin Los Angeles Farmers & narchants National Bank do Security Trust & Savings Bank do
There being no further business before the Board
an adjournment was then had at 5.30 P. M.
Secretary.
APPROVED
Chairman.
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