SECURITY T. & S. BANK v. Federal Reserve Bank of Minneapolis

OPINION AND ORDER

RUSSELL E. SMITH, District Judge.

This case was by stipulation submitted for decision upon the documents in the court file.

• From the pleadings, stipulations, depositions and affidavits on file it appears without dispute that: Northwest Investors Service Inc. drew a check on Security Trust & Savings Bank on June 21, 1963, payable to the order of Crow, Brourman & Chatkin, Pittsburgh brokers, and mailed the check to the payee. The payee deposited the check, without endorsement of any kind, in the Western Pennsylvania National Bank at Pittsburgh, Pennsylvania (hereinafter called…