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BANK ACCOUNTS SHOW INCREASE Officials of City Institutions Laud Attitude of Public. STATEMENTS (Continued from First Page.) Farmers Bank & Trust St. both large number new checking and opened today. The outlook savings, is good erally. for better business conditions W. T. of the Trust Company: president Our bank opened many new acsavings counts today. among them several The situation from factory. standpoint is very satisLouis Bauer, president of the St. Trust Company: of opened today, checking savings look accounts. The business outgood. The which Bank of St. Helens. Shively deposited National Bank of Kentucky. closed at Monday afternoon. but board of announced Frank cashsaid the board close the doors in order to avoid a run on The State Banking Commissioner was notified immediately by Mr. Allhas arranged an examination at o'clock Mr. Allgeier said the depositors will not cent reason of the closing. since the amount deposit with National Bank of Kentucky not large enough to material president the Bank to have been ill for some Two Negro institutions the AmeriMutual Bank. First Standard Bank, for which the deposidid not Monday of Louisville Trust Company tied their funds. up Joseph R. of the Amerpresident of the Standard said they expected the banks to reopen as Louisville Trust makes their funds available. Security Bank Closed. notice was placed door the Bank Monday mornin the morning by Bohmer. president, by motion of Charles R. the following resolution adopted: that in order to the for the benefit of depositors, the Board of Directors deem advisable this solvent in their opinoin should business and that be placed the hands of the State Banking CommisRichard M. Bean president of the Louisville plementary Monday. said negotiations merging the Louisville Trust Company and the National Bank of Kentucky were never completed merger National tucky,' Mr. Bean said, been under way for some time. but definite steps were taken. that Louisville Trust Company has responsibility liabilities of the National of Kentucky The directors Louisville Trust Company issued the following Whereas. the board of directors of the Louisville Trust Company has advised the National of Kentucky has closed its Whereas, the Louisville Trust Company opinion its board and could its obligations to its positors permitted but due the the stock and Company by the BancoKentucky Company psychological effect on the public two. the LouisTrust Company in wise National Bank of Kentucky. Whereas. the opinion of the board of directors that closing the National Bank of Kentucky would. company remained cause the LouisTrust the detriment of its Now therefore order to proall depositors creditors and the assets of the Louisville Trust and benefit depositors and all other. resolved that the Louisville Trust hands of the Kentucky on the morning of November BOSWELL OF Police Co-Operate. An order issued late Monday afterDirector Safety Roy W. the stead eight. The all districts by Capt. James object in the done measure He would kept in front of the closed banks at all bank examiners have September quickly completed their other national finding sound the of the National Bank of In congestion the banks. Lieut Oscar Doerting uniformed and the main the Bank Kentucky eight Fifth and Market Trust Company quarters eight Streets the Bank the branches of the Louisville Trust Company Louisville Trust Company's branches are: Crescent Hill 2724 Highland Branch, 970 Street Branch, Fourth and Oak Streets; Parkland Branch, 2808 Dumesnil Street: Shelby Branch, Shelby West Broadway Branch, West Broadway. Ratcliffe until further all patrolwould on duty in shifts enable him every branch bank, well When the Bank of Kentucky organized the State acquired about its placed permanent school recently yielded an 11 per on the original Hundreds of city employes who had drawn on the National Kentucky heard with from Mayor Harrison arrangements have completed cash the checks National Bank. of the partments banks the financial condition of the municipal government was not disturbed. City Funds Involved. Among the municipal funds inFund the extent by general cash balance grade crossing balance protected surety and sewer bonds personal surety bond the directors, all the National Kentucky offset by Board, $74 the Louisville Trust The Board Tuberculosis pital Louisville Trust extent office had the National Bank Mrs. Cora BurReceiver the Jefferson the same covered by an indemnity The State of Kentucky's $3,250.000 bridge bond depositwith the National Bank of Kentucky protected surety bond with the Aetna Casualty and Surety The city's emergency fund not in the institutions. the Fiscal Court's annual revenue of volved. This the of the deposit the National Bank Kentucky. that the position pay ligation due The county distributed salary checks Saturday. not known how many remain be Bridge Commission has the LouisTrust secured by $250,000 bond. Situation Watched. The Courier-Journal Washington Bureau ben W. Barkley. following conferences Treasury officials of the Federal Reserve Board that the Louisbanking would from Washington that would Mr. Mellon's office the suspension the Louisville found that the already had developments. called ficials the Federal Reserve Board and In assured establishwas keenly allaying conditions No direct Federal can applied was Federal sistance Louisville in the St. Louis Reserve Bank Horse Bank Closed. First this city this afternoon by the board directors because the closing their bank, Bank of Kentucky, Louisville, last night. the bank door says: That conserve the bank for the benefit the sense the directors this bank should suspend, at commencing 3:30 o'clock the signed Luther Belle and W. Franklin Bank Closed. Franklin, Nov. 17 Trust Company failed open for business this The bank, organized last report, showed and its capital stock Covington, president. said he added the National Bank Kentucky closed deemed it prudent not to State Funds Believed Safe. The Frankfort Bureau. Frankfort, Emma Cromwell, State Treasdoes believe there of any lengthy tie-up of $3,250,000 the State toll bridge bond funds, which she deposited the National Bank Kentucky weeks National Kentucky the State through Surety She bond for the and R. president, and Corb. resident assistant secrecompany. was assured Chicago New York, that the State proper General, returning Kentucky from ington call advising the failure National Kentucky. expected Dicken, deputy banking in the State in developcashier the FarmDeposit the State the National Bank proThe Farmers Louis- Bank the principal depository for funds. going The only other State fund known to be in closing the NaBank Kentucky 776 shares the of owned the State DeEducation. The stock part of the county fund. according the fund James Cammack. of the partment original investment Department In that State purchased 795 shares the Bank Kentucky was There the the owing Department Education $50.000 of the bond issue The money owed the partment Education, plus $10,830 given to the county school fund by