Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1914-04-03

all of Tennessee east of the western
boundary of the following counties:
Stewart, Houston, Wayne, Humph-
reys and Perry; all Mississippi south
of the northern boundary of the fol-
lowing counties: Issaquena, Sharkey,
Yazoo Kemper, Madison, Leake and
Neshoba; all the southeastern part of
Louisiana east of the western boun-
dairy Of the following counties: Ponte
Coupee, Iberville Assumption and
Terrebonne.
District No. 7-Chicago. Capital, 3d.
1926, with 9S4 national banks, etc.
Territory, Iowa, all Wisconsin south
of the northern boundary of the fol-
lowing counties: Vernon. Sank, Co
lumbia, Doohe, Washington and
Osaukee; all of the southern PENN
sula of Michigan, viz: All that part
east of Lake Michigan; all Illinois
north of a line forming the southern
boundary of the following counties:
Hancock, Schuyler Cass, Sangammon,
Christian, Shelby, Cumberland and
Clark; all Indiana north of a line
forming the southern boundary of
the following counties Vigo, Clay,
Owen, Monroe, Brown, Bartholomew,
Jennings, Ripley and Ohio.
District No S-St. Louis. Capital,
s6,219.323, with 434 national banks,
etc. Territory: Arkansas, all Missouri
east Of the western boundary of the
following cocunties: Harrison, Daviess,
Caldwell Rayat. Lafayette, Johnson,
Henry, ST. Clair, Cedar Dade, Law
renee and Barry; all Illinois not in
cluded in District 7; all Indiana not
in District 7; all Kentucky not in
District 4 all Tennessee not in Dis
trict 6 and all Mississippi not in Dis
trict 6.
District No. Minneapolis. Capital,
"a. 7O2, S64, with 6S7 national banks, etc.
Territory: Montana, North Dakota,
South Dakota, Minnesota, all Wiscon-
sin and all Michigan not in district
No. Z.
District No. 10-Kansas City. Cap
ital S5,594,916, with S35 national banks,
etc. Territory, Kansas, Nebraska
Colorado, Wyoming, all Missouri not
in district 8, all Oklahoma, north of a
line forming the southern boundary OF
the following counties: Ellis, Dewey
Blaine, Canadian, Cleveland, Potta-
watomie, Seminole, Okfuskee, McIn-
tosh, Muskogee and Sequoyah; all
New Mexico north of a line forming
the southern boundary of the follow
ing counties: Mckinley, Sandovala,
Santa Fe, San Miguel and Union.
District No 11-Dallas. Capital
s5,634,091 with 726 national banks
etc. Territory, Texas all New Mexico
and Oklahoma not in district 10; all
Louisiana not in district 6, and the
following counties in Arizona: Fima
Graham, Greenleaf, Cochise and San
ia Cruze.
District No. 12-San Francisco. Cap
ital $8,115,524 with 514 national banks,
etc. Territory. California, Washing
ton, oregon, Idaho, Nevada and Utah
and all Arizona not included in dis
trict No. II.
Branch Banks
The organization committee was
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 Will
son. The organization committee an
nounced that all information it has
collected since it began it's work last
December shall be placed at the dis
posal of the banks and the board when
the establishment of branch banks is
considered.
In its announcement the committee
called attention to the fact that under
the requirements of he act it could
not find grounds for the establishment
of more than one bank on the Pacific
coast, but held out the hope that in
the near future another bank would
be authorized by Congress and To-
Gated somewhere in this great Sec
ton.
Notification to Banks
The next step to be taken by the
organization committee will be the
notification to banks entering the
system of the plan for the districts
This notification will follow the form
al certification tomorrow of the COM
mittee's action to the comptroller OF
the currency. Within 30 days after
such notice is received by banks,
each must under the law begin the
payment for its stock in the reserve
bank in it's district. Each bank must
subscribe per cent. of it's combined