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Show SOUHO GOUNTRY TO SECURE BIICI SlI W A SH I XGTOK, Yi arch 20. Tho federal reserve board was said today to have decided upon the establishment of a branrh of the San Francisco reserve re-serve bank. Seattle, Spokane, Portland, Ore., Los Angeles and other Pacific coast cities are under consideration for the branch. t A. C. Miller of the board it now on his way to San Francisco to confer with officials of the San Francisco bank to obtain their views as to the best location loca-tion for a branch. Mr. Miller is expected ex-pected to meet bankers from cities under un-der consideration. The great area served by the San Francisco bank larger than that of any other reserve hank, is one reason the board thinks the establishment of a branch necessary. It is understood also that the recent appointment of the Philippine National bank a.s correspondent correspond-ent in the orient of the San Francisco bank las rfTeatly expanded the reserve bank's business. SAN . FRANCISCO, March 29. The new federal reserve bank authorized today by the federal reserve board as a branch of the San Francisco federal reserve bank will be located in Seattle, Tacoma, Portland, Ore., or Spokane, John Perrin, chairman of the San Francisco Fran-cisco bank, said today. |