The Sentinel=record., 1914-04-03

sula of Michigan, viz: all that part 1 east of Lake Michigan; all Illinois | north of line forming the southern boundary of the following counties Hancock, Schuyler, Cass, Sangamon, Christian, Shelby, Cumberland and Clark; all Indiana north of a line forming the southern boundary of the following counties: Yigo. Clay, Owen, Monroe, Brown, Bartholomew, Jennings, Ripley and Ohio.
 District No. S, St Louis-Capital, $6,219,323, with 484 national banks, etc. Territory, Arkansas, all of Mis-, souri east of the western boundary of the following counties: Harrison, Dayiess, Caldwell, Ray, Lafayette, Johnson, Henry, St. Clair, Cedar, Dade, Lawrence and Barry; all Hi nois not included in district No. z: all Indiana not in district No. z, all Kentucky not in district No. 1; all Tennessee not in district No. and all Mississippi not in district No. 6.
 
 tai, $l,7O2, ,S64, with 6S7 national banks, etc. Territory Montana, North Dakota South Dakota, Mime sota, all Wisconsin and all Michigan not in district No. T.
 District No. 10, Kansas City-Cap- ital, $5,59i ,916, with S35 national banks, etc. Territory, Kansas, Ne braska, Colorado, Wyoming, all Mis- souri not in district No. &, all Okla homa north of a line forming the southern boundary of the following counties: Ellis, Dewey, Blaine, Cana | dian, Cleveland, Pottawatomie, Sem | mole. Okfuskee, Mcintosh, Muskogee and Sequoyah, all New Mexico north of line forming the southern bound ary of the following counties; Me Kinley, Sandoval, Santa Fe, San Mig uel and Union.
 District No. II, Dallas-Capital, s.. 634.091, with 726 national banks, etc l Territory, Texas, all New Mexico and Oklahoma not In district No. 10; all Louisiana not in district No. 6, anC the following counties in Arizona Pima, Graham, Greenlee, Cochise anC Santa Cruz.
 District No. 12, San Francisco Capital, $S,1l5,524, with 5t4 nationa banks, etc. Territory, California Washington, oregon, Idaho, Nevada and Utah, and all Arizona not in dis trict No. II.
 The organization committee wa not authorized by law to provid for branch banks of the federal r' serve banks, but the act specificall states that such banks shall be el , tablished This task will be left t the supervision of the federal reserv board yet to be appointed by Pres dent Wilson. The organization con mittee announced that all informa tion it has collector shall be place at the disposal of the banks and tn board when the establishment o branch banks is considered.
 In it's announcement the committe called attention to the fact that in der the requirements of the act i could not find grounds for the estat lishment of more than one bank oi the Pacific coast, but held out thu hope that in the near future anothe bank would be authorized by congress and located somewhere in this grea section.
 The next step to be taken by tn, organization committee will be noti fication to banks entering the system of the plans for the districts Thi notification will follow the formal cer tification tomorrow of the committed action to the comptroller of the cul rency.
 Within thirty days after such no tice is received by banks each, unde the law, must begin the paymen for it's stock in the reserve bank il it's district Each bank must sut scribe per cent of it's combine capital and surplus and the capital zation announced for each district based on this per cent subscription
 The payment of subscriptions b banks will be spread over man months, but in the meantime Pres dent Wilson is expected to name tn members of the federal reserve board The president today said that, owin to the fact that the process of orgar ization will take some time, no in mediate announcement will be mad' He said an announcement may nc be made for at least a month longer
 In reaching it's decision the commi tee tonight pointed out it visite eighteen cities, listened to argument from representatives of 200 elite and selected it's list from among 5 which sought reserve banks. lnd' pendent investigations were conduc ed by the treasury department and tn preference of every one of the TAT national member banks to he was asi ed. The committee took into consiC eration the following factors, accord ing to it's announcements
 The ability of member banks witt in a district to furA,sh the neces