ABSTRACT

In similar fashion the creation of ordinance districts during the first World War provided a regional organization of the nation's industrial activities around twenty-one industrial metropolises. It is indeed appropriate that often their lack of a definite style is hidden behind gothic scrolls which are pasted onto their walls. In determining the reserve districts and in designating the cities within such districts where Federal reserve banks shall be severally located, the organization committee has given full consideration to the important factors bearing upon the subject. The fair and equitable division of the available capital for the Federal reserve banks among the districts created. In determining the several districts the committee has endeavored to follow State lines as closely as practicable, and wherever it has been found necessary to deviate the division has been along lines which are believed to be the most convenient and advantageous for the district affected.