Salt Lake Telegram | 1921-05-08 | Page 28 | National Branches Planned in New York

NATIONAl BRANCHES PlANNED IN NEW YORK OR ORNE NE NEW YORK YOEK May 7 Senator 7 Senator Fre- Fre has lies introduced a bill to permit permit permit per per- mit national banks to maintain do domestic domestic do- do branch banks under conditions Any national bank hank in any city or county having population of ot not less le than ma may with the approval of ot tho the comptroller one branch branchIn In the tho city In which It U is located locatE Any national bank serving n it population Ion tion of Or or more In which it s 's s a athe the only national bank may mav establish lish one branch In the tho city In which h hit it Is located Drenches Branches may bo be established d on the tho following basis of ot population n 2 antI and two branches between be be- between I tween O 0 antI and t three t branches in ex excess of o four I branches but in no city moro more than four tour branches Capital of or parent bank shall be In Increased Increased In- In creased with establishment of ot each ranch Branch to amount not less lens than 50 SO per percent percent cent of ot minimum capital which would be bo required under existing law for organization of or a a. national bank in such city Seemingly the largest city in the United States without a national bank has hns a population of or about This Is a suburban city In one of ot the East East- Ka torn t- t orn rn states There Theme are comparatively comparative I few towns having ha a n. population of or even that have not one on or more national nat naI na na- na- na t I tonal hanks