The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-04-03
FEDERAL RESERVE CITIES
AND DISTRICTS ANNOUNCED
WHEELING AND PAN HANDLE
COUNTIES IN CLEVELAND
TRICT.a
Comptroller of Currency viii BE
Notified of Action To-day.
Banks 10 BE Notified.

WASHINGTON. April . After
three months OF consideration the re-
serve bank organization committee to
night announced that II has divided
the continental United States into II
banking districts and selected II
cities where federal reserve banks are
10 be located under the now currency
law. This was the first decisive step
/ toward the establishment OF the new
system. The cities and districts fol
low.
District No. :. Boston. Reserve
bank viii have capital OF s99S1. .7f0.
with 4i6 national banks as members
Territory included. New England
states
District No .. New York: capital.
S20.6S1. GIG. with as national banks
and number state banks mot riveni
as members. Territory, state OF New
York
District No 3. Philadelphia: capital.
si2.Y94.Oi3. including 500 national
banks and several state banks Ter
rltory. New Jersey and Delaware and
all Pennsylvania east OF western
boundary OF following counties. Nc
kean. Elk. Clearheld. Cambria and
Bedford.
District No (. Cleveland: capital.
Nll .62l 300. with 124 national and sew
eral state banks. Territory. state OF
Ohio. all Pennsylvania living 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. Iessamine Garrard. Lin
coin. Pulaski and McCreary
District No. >. Richmond. capital.
S6.Ii3. PSI. with i55 national hanks
and number of state banks and trust
companies. Territory. District OF
Columbia. Maryland. Virginia. North
Carolina, South Carolina and all West
virginia except those counties in dis
trict No. 4.
The South and West.
District No. 6. Atlanta. Capital "a
1Oz. $50, with 312 national banks. etc
District No .. Chicago. Capital $13.-
15l .935, with 9S4 national banks. etc.
District No. S. St Louis. Capital
S6:2l9.S2S. with 434 national banks.
District No. Q Minnea oils Cant
tai A.1O2.S64. with 6S7 national banks.
etc
District No. 10. Kansas City. Cant.
tai S5,594.9l6. with S35 national banks.
District No. II. Dallas. CardtaI 81.
District No IL. San Francisco.
Capital Ss.1l552i. with 514 national
banks, etc.
Board TO Establish Branches.
Inc organization committee was not
authorized by law 10 provide for
branch banks Of the Federal reserve
banks. but the act specifically states
that such banks shall be established
This task will be left TO the supervi-
sion OF the Federal reserve board. ye.
10 be appointed by President Wilson.
Inc organization committee announc.
ed that all information Il has collect.
ed since II began its work last Decern-
per shall be placed at the disposal OF
the banks and sthe board when the
establishments Of branch banks rs
considered
IN It's announcement the committee
called attention TO the fact that under
/ the Requirements OF the act II could
not md grounds for the establishment
or more than one bank on the Pacific
coast. but held out the hope that tu
I the near future another bank would
De authorized by congress and located
/ somewhere In this great section.
Inc next step 20 be taken bv the
| ORGANIZATION committee will be the
houce 10 the banks entering the svs-
tcontinued on Page Tsn)