The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-04-03

CITY is MADE HEAD
OF FIFTH DISTRICT
Continued
counties in Arizona: Pima Graham Santa
Cruz.
District No Francco-Capa ss115sa4 with 514 ma
onal banks Territory Washington Oregon Idaho
Nevada and Utah. and all Arizona included District
Federal Reserve Board Establish
nc organization committee authorized by pro
vide for branch banks OF the banks act
specifically that such banks This task
will be left the supervision the Board vet to
appointed by President TIE organization committee
announced that all information has collected shall be
the disposal OF the banks and the establishment
branch banks is considered.
In its the attention to the TACT
that requirements act could not find grounds for
the establishment OF than Coast but
held the hope that the
authorized by Congress and located great
he next be taken by the
nouhoaon to banks entering the OF the plans
cts This notification will follow the formal cehcation
OF the committees action the Comptroller Currency
Within thirty days after such by banks each
under the begin payment or its stock the
must subscribe per cent Of its
combined capital and surplus and the capitalization anpounccd
1s Nav Mot ffs sd a Month
he payment OF subscriptions by banks will be spread many
the Federal Reserve Board The President tay "s n
Immediate announcement will be made He said an an
m dsc not b be tor at Least month one
visited cities listened from representatives
cities and selected its list from among tFyseven sought
asury Department. and the preference OF of the 5
national member banktobe asked The
following
The ability OF member banks within district
necessary Soooooo capital for the mercantile indus
trial and financial connections each district
various portions and city the probable ability
eral bank legitimate business whether
normal abnormal the equitable division available capital
all Districts the general geographical each dis
c transportation lines and facilities speedy
IT the population and prevalent business activities
district
Statistics of Reserve Cities and Districts
In supplemental statement gave the following
statistics used lin determining the cities districts:
No miles, 66-4o5 population, 655zS4: No
area III square miles 4017o; population 0I13270; No
square miles 3oS65 populations Sl4o21 No A. area in SQUARE
miles, 1906; population No square miles
J73sIS population 859313 No O. square miles
ton I2o3oo3 No. area in miles r4674 population
h72o611 No miles $4,000 population
NO. TO- area IN square miles 100000 population 6o6S5o No
area III square miles, o93o5S; population, 5,5SO3o3.
According this statement there will z4S banks OF
all sorts members OF the system, with total capital surplus
S0S,0o2, according to the committees figures
The organization McAdoo Houston and
Comptroller OF the Currency Williams have spent
time for the last three months this Extraordinary pre-
cautions were taken to knowledge reaching outsiders
even members of Congress denied information
Although the OF organizing the system be
rapid it the intention Of the quickly as the
law permits that the may up for business
possible The Of comptroller
lowing the last national bank CALL yesterday showed banks
subscriptions to reserve bank stock The committee hopes
gradual transitions under the law will easily
without disturbance and without any curtalment OF credit
Rivalry of Many Cities Was
The rivalry between cities was intense
and the committees decision probably may followed by
and attempts change the plan Under law the decision is
subject revision except by the Federal Board and
said tonight that would consider long bcfore would
make any changes.
Some OF the cities in the for banks which selected
Baltimore Washington birmingham Ala Orleans Gin
cnna Louisville Omaha ST. Paul Denver Houston Texas Seat