Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-05-12
NO WASHINGTON BANK
IS INVITED TO ASSIST
Capital City Not to Share the Duty
of Certifying Regional
Bank.
List of Financial Institutions Desig-
mated for Twelve Districts by the
Organization Committee.

No Washington bank is designated
to the duty. the rewards of which are
purely honorary, of aiding in the eA-
ecution of the certificate of organ1-
zation of the regional bank of the fifth
district to be located in Richmond, Va.
The Merchandise Mechanics National
Bank Of Baltimore. of which Douglas
NJ. Thomas is president and William
Ingle vice president. was one OF the
five selected to execute the certificate
The other banks Of the fifth district
designated for the duty are: North
Carolina, Murchison National Bank at
Wilmington: South Carolina, Palmetto
National Bank at Columbia: Virginia,
First National Bank at Roanoke: West
Virginia, Citizens National Bank at
Charleston.
The reserve bank organization COM
mlttee named hve banks in each OF
the twelve districts last night to exc
cute organization certificates for the
federal reserve banks. Whcn that
shall have been completed and boards
of directors organized in each district
The controller of the currency will is
sue a charte. authorizing the banks to
begin business.
Expediting the Organization.
The committee announced that every
effort was being made to expedite the
organization 50 that the system might
be inaugurated by August l. Each
member bank in district will name
electors and select candidates for di-
rectors, who are to be divided into A
and classes. Three directors of each
class WIN ue elected Tor each bank. and
the federal reserve board will appoint
three additional.
Ftsk,. or, n
by the end of the month it is hoped
that the committee will receive nomi-
nations for class a and class b direct
ors and the names OF the district re-
serve electors elected by the subscrib-
ing banks, SO that the vote may be
taken early in June. Forms for use in
reporting election of district reserve
electors and the nominating of candi-
dates will be mailed to the several
banks as soon as the organization GER
titicates have been received and filed.
Every effort is being made by the
committee to expedite this election. so
that the board of directors of each fed
eral reserve bank may be organized in
ample time to elect officers select en-
ployes and banking quarters and to
place the banks in actual operation by
August L.
The banks named to execute the or
ganization certificates in the other re-
serve districts were:
District No. l.
Federal reserve bank of Boston
Connecticut, First Bridgeport Ma
tional Bank, Bridgeport; Maine. Casco
National Bank Portland: Massachu-
sets, National Shawmut Bank. Bos-
ton: New Hampshire. First National
Bank, Concord: Rhode Island Ma
tional Bank of Commerce. Providence.
District No. 2.
Federal reserve bank of New York
New York, Irving National Bank,
New York; National Park Bank. New
York; National Commercial Bank, Al
bany, Marine National Bank. Buffalo:
First National Bank, Syracuse.
District No. 3.
Federal reserve bank of Philadelphia
Delaware, Union National Bank. Will
mington; New Jersey. First National
Bank. Jersey City; Essex County Ma
tional Bank, Newark; Pennsylvania.
Philadelphia National Bank. Phila-
delphia; Bank Of North America,
Philadelphia.
District No. 4.
Federal reserve bank of Cleveland
Kentucky, Phoenix and Third Ma
ticnal Bank, lexington, Ohio, First
National Bank, Cincinnati; First
National Bank. Cleveland: New First
National Bank, Columbus; Pennsyl-
yania. Bank of Pittsburgh, N B. A.,
Pittsburgh.
District No. 6.
Federal Reserve Bank of Atlanta-Ala-
bama. First National Bank. Montgomery:
Florida, Exchange National Bank. Tam
pa: Louisiana, Hibernia National Bank.
New Orleans: Mississippi. First National
1t paws to read the want columns of
Tha star Hundreds of situations are