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Bank Info for NB Charter 13407 (1929 - 1935)

Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The Farmers & Merchants National Bank in
Milbank, SD
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1930-1932 Otto B. Schneck Walton Sprague Given
1933-1934 Arlo R. Allen Walton Sprague Given
Other Known Bank Note Signers
  • No other known bank note signers for this bank
Bank Note History Links
Bank Note Types Issued (VanBelkum)
Series/Type Sheet/Denoms Serial#s Sheet Comments
1929 Type 1 6x10 1 - 1350
1929 Type 2 10 1 - 1258
Smithsonian NBN Proof Links (Huntoon Index)
  • (No Smithsonian Proofs available for Charter 13407)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized Dec 18, 1929
  • Chartered Dec 23, 1929
  • Succeeded 8698 (Merchants NB/Farmers & Merchants NB, Milbank, SD)
  • Assumed circulation of 8698
  • Closed Mar 30, 1935
  • Consolidated with 2980 Mar 30, 1935 (First National Bank/First NB & TC, Aberdeen, SD)
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1934) $623,151
High Bal (1931) $781,799
Circulation Summary
Low Bal (1930) $12,500
High Bal (1932) $50,000
Total Out (1934) $25,000
# Large Notes 0
# Small Notes 9,358
# Total Notes 9,358
$ Large Size $0
$ Small Size $93,580
$ Total Issued $93,580
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Dec-31-1930 $685,376.00 $12,500.00
Dec-31-1931 $781,799.00 $25,000.00
Dec-31-1932 $751,650.00 $50,000.00
Dec-30-1933 $676,522.00 $50,000.00
Dec-31-1934 $623,151.00 $25,000.00

 

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