Article Text
RICHMOND RESERVE BANK SUSTAINED Supreme Court Upholds Payment Of Checks On Failed Institution. March Bank of by the Supreme Court in to the credit of the Farmers and of Lake S. to the of checks on latter for the South bank had failed. Bank of City failed in had whether the Bank deposit towards City Bank, of checks Lake banks, an set the must be District contract Bank the Federal right deposit payment against the contested not the the failed part of decision of result in the the reserve illegal of creditors the failed bank.