Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1920-12-21
St. LOUIS BANKS
STRONG FOR j. s.
NOTES AND BONDS
THEY SELL s5s,2oo IN TREASURY
SAVINGS CERTIFICATES FIRST
TWO WEEKS IN JANUARY.
SIS BANKS CASH AGENTS
Treasury Departments New Plan Al
lows Banks Signing Cash Agent
Contract Liberal Terms.

ii are taking kindly to the Treasur,
Savings Certificates issued by tn,
United States Government, and So .
the banks of st. Louis and the i'm
mediate suburbs are Offering these
securities to their clients as a regular
part of their business.
H Most OF the banks are handling these
securities on the cash agency plan
That is, the banks buy the securities
( from the Federal Reserve Bank in
st. Louis. carry them in stock just as
a merchant carries his regular staples
he pays cash for them, and carries
them and has them on hand when a
customer applies for them.
The cash agent hes an advantage
over the collateral agent, inasmuch
as when the cash agent at the close OF
the year settles with the Treasury De-
partment he returns the unsold securi-
ties at the price the security is worth
at the time he returns them. For in
stance, if he should buy a S1OO Certi6-
cate in January and hold it until the
following December, the bank would
draw the interest any regular holder
would draw-20 cents per month. Thus
his stock in trade is not only not
getting shopworn, but is constantly in.
creasing in value at the rate of 3 per
cent per annum
The collateral agent, however. is.
under the regulations OF the Treasury
| Department, REQUIRED to turn in his
! securities at the price he paid for
them. Thus, if he should buy a 500
Certificate in January, paying SS2.4O
| thnrnfnr hot ie.
he would receive at the end of the year
when he turned it back.
The banks of st. Louis did not get
an early start last year in the Treasury
Savings Certificate game, but in the
lew months of last year when selling
them they disposed of $185, 500.
This year the start is much more
suspicious. J. II. Anderson, Director
of Sales for the ST Louis Metropnli-
tan District, during the first two weeks
IN January visited the banks and OBJ
tanned the signatures Of most of the
80 banks as cash agents. The banks
ordered the securities they required
and in less than two weeks thew
placed $5S,2O0 Certificates with their
customers
The First National Bank, which was
one of the leaders last year, and
which was again signed by Anderson !
as a cash agent, sold $4,000 of the |
Certificates to their customers during
that part of January following the
signing of the contract. The sales win
probably increase each month.
The Merchants Laclede Bank sold
$500, the Mercantile Trust Comnanv
$4,000, the Franklin Bank $4,000 and
the North st. Louis TrEst Company
So. 900.
Other st. Louis banks that are now
handling the securities are:
American Trust Company.
Baden Bank
Bank of Maplewood.
Boatmen's Bank.
Bremen Bank
Broadway Savings Trust COMPANY.
Cass Avenue Bank.
Central National Bank.
Chippewa Bank.
Chouteau Trust Company.
Citizens Bank of Maplewood.
City Trust Company.
EastonTaylor Trust Companv
Farmers &c Commercial Savings Blk.
Farmers & Merchants Trust Co. I.
Franklin Bank z
Grand Avenue Bank.
Gravois Bank of st. Louis. IL
Hodiamont Bank. ~
k1rkwood Trust Company,
International Bank |:
Jefferson Bank.
Jefferson-Gravois Trust Company. IL
Laclede Trust Company.
Lafayette-South Side Bank. II?
Lemay Ferry Bank. II!
Liberty Bank.
Lowell Bank IL
Manchester Bank.
Meramec Trust Company.
Mississippi Valley Trust Company.
Mortgage Trust Company.
National Bank of Commerce.
Newmarket Bank
North ST. Louis Trust Comnanv
Northwestern Bank.
Savings Trust Company.
Scruggs, Vandervoort & Barney Blk
South Commercial Savings Bank.
State National Bank.
st. Louis County Bank.
St. Louis Union Trust Company.
south Side Trust Company.
Tower Grove Bank i
Union Station Bank.
Webster Groves Trust Company.
United States Bank.
Trust Company.
Water Tower Bank.
Vest St Louis Trust Company.
Vest End Bank.
Told on to your War Savings
mps. Don't cash them. They are
ming interest for you every day.
Give me anoCI1er cup of Lockwood. !
ase." That's the common talk at
st OF the homes in this good olde
Vn. lockwood is a better coffee 8
ID. b. Mckinney 81 co. e92-f,r -.