Norwich bulletin., 1914-04-03
Boston 10 Have
 a Reserve Bank
WILL SERVE FOR NEW ENGLAND
 DISTRICT.
A MEMBERSHIP ClF 446
New England to Be Known as Dis
 trict No. 1.-The Country Divided Up
 Into 12 Regional Reserve Districts.

Into 12 Regional Reserve Districts.
 Washington, April s-After three months of consideration the reserve bank organization committee tonight announced that it has divided the con t1nental United States into twelve banking districts and selected twelve cities where federal reserve banks are to be located under the new currency law. This was the first decisive step, toward the establishment of the new system.
 The cities and districts follow:
 District Mo- i, 6oston-Reserve bank will have capital of $9.931. TAO, with 446 national banks as members Territory included, New England states.
 District No ?. New YorIe-CapitaL s20,6S7616 with AIS national and a number of state banks (not given) as York
 District No. 3. PhiIadeIphia-C Capital s12, ,9e9,O1s. including 500 national banks and several state banks. Territory. New Jersey and Delaware and all Pennsylvania east of western boundary of the following counties: McKean, Elk, ClearfieId, Cambria. and Bedford.
 District Mo- 4, cIeveiand-Capftat s11.621,5 ,595, with 724 national and sev- era1 state banks. Territory, state of Ohio, all Pennsylvania lying west of District No. 3: the counties of Mar shall Ohio; Brooke and Hancock in West Virginia. and all Kentucky east of the western boundary of the follow ing counties. Boone, Grant, Scott, Woodford, Jassamfne, Garrard. Lin- coin, Pulaski and ABcCreary.
 District No. 5, Richmond Capital $6, ,281, with 475 national banks and a number of state banks and trust companies. Territory, District of Co., lumbia, Maryland Virginia. North Car olina South Carolina, and all West Virginia except those counties fin Dis trict i.
 District No. G, Atfanta-CapitaI s4,- T02,7S0 with 372 national banks, etc, Territory, Alabama, Georgia, Florida all Tennessee east of the western boundary of the following countless Stewart, Houston, Wayne, Humphreys and Perry, all Mississippi south of the l counties. Tssaquena. Sharkey, Yazoo. Kemper, Madison, Leake and Neshoba., | all the southeastern part of Loufsfana | east of the west boundary of the fol- lowing counties: Pointe Coupee Iver~ vile Assumption and Terrabonne- District No. z, chicaeo-Capftai sf3.- i 151, 1925. with 954 national banks. etc. Territory, Iowa, all Wisconsin south of | the northern boundary of the follow 1 ing counties. Vernon, SaIk. Columbia, 1 Dodge Washington and Osaukee: all i Of the southern peninsula or Michigan, viz: all that part east of Lake Michi- l gan; all Illinois north of a line form i ing the southern boundary of the fol- 1 lowing counties: Hancock. Schuyler, l Cass Sangamon, Christian. Shelby. 1 Cumberland and Cfarkes all Indiana. north of Q line forming the southern l boundary of the following countless | Vfgo Clay, Owen. Monroe, Brown. Bar tho1omew, Jennings, Ripley and Ohio
 District No. 8, St. Louis-Capitaa 1 SC, 2t9, S23, with ASA national banks. etc. l Territory, Arkansas, all Missouri east 1 of the western boundary of the follow l ing counties: Harrison, Davfess, Cafd- 1 we'll, Ray, Lafayette, Johnson, Henry. 1 St. Clair, Dade Lawrence and Barry: 1 all Illinois not included in District :: all Indiana not included in District z: l all Kentucky not in District f; all Ten
 nessee not in District 6, and all A1issis-
 sippi not in District 6
 1 District No. g. Minneapolis Capital
 S4.702, ss4 with 6ST national banks, etc. Territory, Montana, North Dakota. 1 South Dakota, Minnesota, all Wiscon- 1 sin and all Michigan not tn District No.
 District No. 10, Kansas cfty-Capftal 1 $5. .5s4, ,e16, with sS5 national banks, etc, l Territory, Kansas, Nebraska, Colorado
 Wyoming. all Missouri not in District l No. 8, all Oklahoma north of a line | forming the southern boundary of the following counties: Elts. Dewey, Blaine. 1 Canadian. Cleveland. Pottawatomie. 1 Seminole, Okfuskee, Mcintosh. Musko- gee and Seq-uoyah: all New Mexico
 north of boundary line forming the southern boundary of the following
 counties: Mckinley. Sandoval Santa
 Fe, San Miguel and Union.
 | District No. if, Datfas-Cap1taf s6. 6s40s1, with 72S national banks, etc. | Territory, Texas, all New Mexico and
 Oklahoma not in District 10. all Louis- jana not in District $, and the follow
 ing counties in Arizona: Pima Gra-
 ham, ,Greenlee. Cochise and Santa Crus. District 12. San Franoiseo-CapitsI
 s&115,524, with 514 national banks, etc. | Territory. California, Washington, Ore
 gon, Idaho. Nevada and Utah. and all l Arizona not included in District No II.
 The organization committee was not
 authorized by law to provide for
 branch banks of the federal reserve
 banks, but the act specifically states
 that such banks shall be established. | This task vii be left to the supervise
 ion of the federal reserve board, yet to
 be appointed by President Wilson The
 organization committee announced that
 all information it has collected since 1t
 began its work last December shall be
 placed at the dispostal of the banks
 and the board when the establishment
 of branch banks is considered.