The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-03-15

This flood of currency, fill
ing bank vaults, is believed to
have relieved local banks of
the necessity of asking for
any of the new currency
printed by the government as
an emergency measure.
The difference between the total
and cash deposits is accounted for
by check deposits Total withdrawal
figures for the day will not be avail
able until all checks have been
cleared.
So far as could be learned, none
of the banks here had received any
of the new currency and it was con-
sidered unlikely that any would be
sought.
More Currency Than Needed
Several of the banks reported that
they had more currency than they
wanted to keep on hand and were
shipping large quantities to the fed
eral reserve bank at Chicago.
Bankers expressed themselves az
pleased with the attitude of conf
dence displayed by the public with
reopening Of the banks.
Survey Of downtown banks at
noon revealed that crowds practi-
cally were back to normal. Most
banks reported much smaller crowds
than on Tuesday.
Fred C. Dickson, Indiana Trust
Company president, said there was
no line of customers at tellers'
windows in the bank today.
The Indiana Trust Company
shipped $37,4OO in gold Monday
and took in $28, 200 in gold and gold
certificates Tuesday.
Postal Deposits Boom
1.-THE public should be compli-
mented on the way it has acted
during the banking emergency"
Dickson said. There is a certain
service the banks owe the public
and while the Presidents proclama-
ton prevents this service in full,
the public has accepted the Situa-
ton graciously."
Postal savings deposits Tuesday
were six times greater than with
drawals, Postmaster Leslie D.
Clancy said today. Deposits were
$24,342, and Withdrawals $4,459, he
said.
Money orders sold totaled S28,916,
while those cashed amounted to
$154, 642.
One of the federal reserve system
member banks reported that it's de-
posts Tuesday exceeded withdraw
ais by more than 100000. One of
the clearing house banks reported
cash deposits six times as great as
Withdrawals.
Cash deposits at the Merchants
National bank Tuesday were twice
as great as for any other one day in
the history of the bank, which was
founded in 1865, according to Otto
Frenzel, cashier. Withdrawals were
slightly under normal, he said.
Cash Deposits Heavy
The Indiana National bank and
the Union Trust Company both had
the heaviest cash deposits in their
history, according to Arthur v.
Brown, president of both banks.
Cash deposits in the two banks
were five times as great as for any
one other day in history of both
banks" Brown said. This fine
spirit Of the public is a direct in
dication of an early revival of BUSH
ness.
The present system of banking
was praised by the public, and
President Roosevelt, Governor Paul
V. McNutt, and other officials who
helped plan the system deserve high
commentator.
The liquid condition Of the banks
at the present time is a forward
step in renewal Of business"
Other Banks Reopen
Reopening Of the banks today
was almost complete. In addition
to the Glass A banks reopened Tues
day, the Northwestern State bank
and Central State bank reopened to-
day in this class.
Six other banks were reopened in
Glass B, limiting Withdrawals to 5
per cent on old deposits, but &C
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