The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1914-04-09
TWELVE DISTRICT
RESERVE BANKS
COMMITTEE ON ORGANIZATION
ANNOUNCES LOCATION OF
CENTRAL BANKS
OKLAHOMA LIES IN 2 DISTRICTS
south Belongs to Dallas and North 20
Kansas City Territory-com.
plete Territorial
Divisions

Washlngton-kftcr three months Of
consideration the reserve bank organ.
ization committee announced that II
had divided the United States into
twelve banking districts and selected
twelve cities for federal reserve
banks under the new currency law.
This was the first decisive step
toward the establishment Of the new
system. The cities and districts are:
District No. T., Buston-Rcseryc bank
WIZ nave capital OF 1891 $40. ii6 ma.
Hohal banks Territory included, New
England states.
District 40. 2, New York-capi,al $50.
os',blb, with i7S national aud a number
York. ~ " w"
District No. 3. philadelphia-capitai.
sl2;''S,Ol3, Including 500 national banks
and several state banks. Territory, New
jersey and Delaware and part Of Penn.
District No. I. Cleveland-Capital. sii,.
S.l.SS5' .,?I national and several state
banks. Territory, state ~ Ohio. part of
lucky.
Richmond Gets Bank.
plstrict No. ., Northumberland, So
af5.2Nl. 10 national banks and u num-
Der Of state banks and trust companies.
nIrr''o,E; District Of Columbia. Mary
ltUNt NIElllld, NORM carolina. SDmth
Carolina. par, OF West Virginia.
District No. 6, Atlanta Capital. So
~ 'So, 3i2 national banks. Territory.
AIhbamh, Georgia, Florida. part of Ten.
ners"e' part OF Mississippi, part OF Louis.
lana.
District No. Z, Chlcnro-Capital. sia..
l%bl,'25. oSi national hanks. etc. Terri.
tory. Iowa, part of Wisconsin. the south
crn peninsula uf Michigan. part OF mi.
noiR. part of Indiana.
District No. :, -. lnuis-CRpltal So.
29.s23. l3i national banks. Territory, Ar.
kansas. part uf Missouri. part 81 Illinois,
Indiana Kentucky. Tennessee and Mia.
sissippi
District No o. Minneapolis. capl,ai So
..2.Nb'. dNt national banks. Territory.
Montana. North Dakota. South Dakota,
Minnesota, part of Wisconsin aud Mich,
igan.
Oklahoma Divided.
District No. 10. Kansas City-Capital,
S',''i,9ld.. $50 national banks. etc. Ter
rlturv, Kansas. Nebraska, Colorado,
wyoming. part of Missouri. all Oklahoma
north Of n lin" forming the southern
boundaries Of the following counties:
tllis, Dewey, Blaine. canadian. Cleve-
ana, F9ttawhtomic, seminole. Okfuskoe,
Mcintosh, Muskogcc and SeGuoynh. al
New Mexico north ~ n line forming the
southern boundary OF the following Gun
tics: Mckinley, Sa' ioval. Santa Re,
san Miguel aud Juiun
District No II, pHllas-Capital. So
G3i.OHl. 7"G national banks. TERRITORY,
Texas. all New Mexico and OklaEorra not
] W. l'NNNlltN NJ. w. VII lENlllNlNnA NOT IN
I'istrlct NO. q, aud part of Arizona
District No H., san Franrisco-CHpiiHl.
SN,lli,1.i. with 81 national hanks. etc.
Territory, California. Washington. ore
gon. Idaho, Nevada and Utah aud part
Of Arizona.
ment for their stock In the reserve
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 will be left TO the super.
vision Of the federal reserve board.
yet TO be appointed by President VII.
son. The organization committee
announced that all information II has
collected shall be placed at the lis.
posal OF the banks and the board
when the establishment of branch
banks is considered.
The next step to be taken by the
organization committee will be mott.
f~ication to banks entering the system
OF the plans for the districts.
within thirty days the law requires
that the banks must begin the pay.
ment for its stock Ia the reserve
banks In the districts.
The payment OF subscriptions by
banks will be spread over many
months, but I'm the meantime Presi.
dent Wilson is expected to name mem.
bers OF the federal reserve board.