MICHIGAN NATIONAL BANK

BRANCH OFFICES

HEARING

BEFORE A

SUBCOMMITTEE OF THE

COMMITTEE ON BANKING AND CURRENCY
UNITED STATES SENATE

EIGHTY-EIGHTH CONGRESS

SECOND SESSION

ON

S. 2883

A BILL TO PERMIT THE ESTABLISHMENT AND OPERATION
OF CERTAIN BRANCH OFFICES BY THE MICHIGAN
NATIONAL BANK, LANSING, MICH.

37-376

AUGUST 7, 1964

Printed for the use of the Committee on Banking and Currency

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1964

Philip A. Hart, U.S. Senator from the State of Michigan..

10

Howard J. Stoddard, chairman of the board, Michigan National Bank,

Lansing, Mich...

11

Ray M. Gidney, former Comptroller of Currency.

15

James B. Alley, Hooker, Alley & Duncan, New York, N.Y., counsel for

Michigan National Bank..

18

July 10, 1940_

Charles D. Slay, commissioner, State of Michigan Banking Department,

Lansing Mich.; accompanied by Richard M. Gillett, Old Kent Bank &

Trust Co., Grand Rapids, Mich., and Harold M. Karls, Second National

Bank of Saginaw, Saginaw, Mich...

LETTERS, STATEMENTS, AND DATA SUBMITTED FOR

THE RECORD

Alley, James B., of Hooker, Alley & Duncan, New York, N.Y.: Letters

with enclosures to Senate Committee on Banking and Currency 53, 66, 73

Ballard, Byron L., of Shields, Ballard, Jennings, & Taber; Lansing,

Mich.: Letters to-

Comptroller of the Currency.

Stoddard, Howard J.:

May 9, 1940.

Bulkley, Ledyard, Dickinson & Wright, Detroit, Mich.:

Letter from E. B. Merry to Norman C. Tietjen, Office of the
General Counsel, Treasury Department, Washington, D.C____
Letter to Howard J. Stoddard_.

51

58

Bulletin No. 9, State Banking Department, Lansing, Mich..

Butzel, Eaman, Long, Gust & Bills, Detroit, Mich. : Letter to Howard

J. Stoddard..

Jackson, Robert H., Attorney General of the United States: Opinion,

July 30, 1940_.

Memorandum (November 15, 1960) re reopening of branches of

Michigan National Bank in Grand Rapids and Saginaw which were

ordered closed by the Comptroller at the time of formation of

Michigan National...

Old Kent Bank and Trust Company v. Martin, et al.

Read, Thomas, attorney general, State of Michigan, Lansing, Mich.:

Letter to H. J. Stoddard, dated May 28, 1940..

Resolution of the board of directors of the Lansing National Bank

authorizing application to the Comptroller for permission to estab-

lish branches, November 18, 1940.

82

Robertson, J. L., Deputy Comptroller of the Currency: Letter to

H. J. Stoddard dated September 20, 1950...

76

Statement.

19

Stoddard, H. J., president, Michigan National Bank, Lansing, Mich.:

Letter to Thomas Read, dated May 27, 1940..

55

Letter to E. H. Gough, Deputy Comptroller of the Currency,

dated December 4, 1940..

82