The Odessa Record -

100 Years Ago

The Odessa Record

January 18, 1918

Federal Reserve Bank for Odessa: The Farmers and Merchants Bank has just received notification that it has been admitted to membership in the Federal Reserve System, the strongest banking system of the United States. In addition to the examination of the state of Washington, it now comes under the supervision of the United States Government and the bank can avail itself of the liberal re-discount privileges offered by the system; the facilities afforded by the bank's customers, being thereby greatly increased, an...