August 26, 2014

A Letter of Remittance to the Charlotte Branch

Remittance letter, 1929

The Charlotte Branch of the Federal Reserve Bank of Richmond opened in 1927. The city is now home to one of the nation’s largest banks, Bank of America. Featured here is a 1929 remittance letter to the Charlotte Branch from a bank considerably smaller than Bank of America.

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Bob McTeer talks about leading the Baltimore Branch and becoming president of the Dallas Fed.