This section is from the book "Money And Investments", by Montgomery Rollins. Also available from Amazon: Money and Investments.
Certain large cities in the United States, other than "central reserve cities," in which all "member banks" in the "Federal Reserve System' are obliged to maintain a certain percentage of "reserve" upon their deposits. Such banks may act as "reserve agents" for "country banks," so-called. (Refer to the subjects in quotations.)
"Reserve cities" are designed to furnish large centers in which country banks may deposit part of their funds for the convenience of being able to draw checks on a large money center. On Jan. 1, 1917, the " Reserve Cities" were as follows:
Atlanta
Baltimore
Birmingham
Boston
Brooklyn
Cedar Rapids
Charleston
Chattanooga
Cincinnati
Cleveland
Columbus
Dallas
Denver
Des Moines
Detroit
Dubuque
Fort Worth
Galveston
Houston
Indianapolis
Kansas City, Kan.
Kansas City, Mo.
Lincoln
Los Angeles
Milwaukee
Minneapolis
Muskogee
Nashville
New Orleans
Oklahoma City
Omaha
Philadelphia
Pittsburg
Portland, Ore.
Pueblo
Richmond
St. Joseph
St. Paul
Salt Lake City
San Antonio
San Francisco
Savannah
Seattle
Sioux City
Spokane
Tacoma
Topeka
Waco
Washington
Wichita
 
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