First National Bank v. Federal Reserve Bank

In October, 1928, the plaintiff filed its petition at law in the district court of Jasper County, Iowa, against the defendant, Federal Beserve Bank of Chicago, seeking to recover from the defendant the sum of $3,400. Briefly stated, plaintiff’s cause of action, as disclosed by the petition, was that plaintiff received for collection from the treasurer of Jasper County, Iowa, a certain order or warrant drawn to plaintiff’s order by said treasurer on the Newburg Savings Bank of Newburg, Iowa, in the sum of $3,400; that plaintiff sent said warrant to the defendant, Federal Beserve Bank, for…