160 CONSOLIDATION OF NATIONAL BANKING ASSOCIATIONS 
division thereof or to obligations issued under the authority of the Federal farm 
loan act. In transacting the business authorized by this subsection every na- 
tional banking association shall be amenable to the law of the State in which it is 
located defining offenses and prescribing the penalties therefor. 
The Cuamrman. Before calling on ex-Senator Flint to make a 
statement I am going to make the suggestion that the bankers from 
Westchester County, N. Y., be ones to make their statements on 
certain features of this bill, as they desire to leave the city almost 
immediately. However, it seems that the bankers from West- 
chester County, N. Y., who are here and very particularly interested 
in that proposal which was contained in the Senate bill last year, 
but in is absent from both the Senate bill and the House bill this 
ear, namely, to extend the limits of the area within which branch 
am is permitted under the bill so as to include not merely the 
political boundaries of a municipality, but the actual boundaries 
of the metropolitan area, and they have just made the point, in re- 
sponse to my suggestion, that they should state their view, that until 
something has been said in favor of the inclusion of the contiguous 
territory there is nothing for them to answer. I think that point 
is well taken, and if agreeable to the other members of the subcom- 
mittee I should suggest that Mr. Marlett, or somebody from Ohio, 
state the point of view of those who think this bill should be amended 
so as to correspond with the proposal made last year. It is a narrow 
subject, and I think can be stated quite briefly on both sides. 
STATEMENT OF WILLIAM H. MARLATT, ATTORNEY FOR THE 
CLEVELAND CLEARING HOUSE ASSOCIATION 
Mr. MARLATT. At the last session I was here before the committee 
of the Senate gepreseniing She Union Trust Co. and the Guardian 
Trust Co., of Cleveland, Ohio. At this time I am here representing 
the Cleveland Clearing House Association and affiliated banks of 
Cleveland, Ohio, including not only the State banks but also the 
national banks of Cleveland, and with me, at this time, are Mr. 
George A. Coulton, senior vice president of the Union Trust Co., of 
Cleveland, Ohio; Mr. Edward B. Greene, vice president of the Cleve- 
land Trust Co., Cleveland, Ohio; Mr. Thomas iy one of the vice 
presidents of the Guardian Trust Co.; Mr. H. V. Shulters, chairman 
of the National City Bank of Cleveland; and Mr. Alfred M. Corcoran, 
vice president of the Central National Bank of Cleveland, all of these 
being sizable banks. 
The Union Trust Co. has resources of about $330,000,000 and has 
about 250,000 customers; the Cleveland Trust Co. has resources of 
$250,000,000 with 400,000 customers; the Guardian Trust Co. has 
resources of $125,000,000 and 154,000 customers— 
Senator Grass. May I ask if these various banks are members of 
the American Banking Association ? 
Mr. MaRrLATT. Yes, sir. 
The Cuarrman. I hope you came on aspecial train. I think they 
should have given you one with those assets behind vou. 
Mr. Marratt. The reason we have five of them here and two rep- 
resenting national banks was for the purpose of showing that at least 
we live together in harmony and are not quarreling about this proposi-