Evening star., 1933-12-31
Ban Continued
on Gold and
Hoarding.
INSURANCE LIST
is COMPLETED
Treasury Reports
Gratifying Rise
in Deposits.

b. the Associated Press.
President Roosevelt, in procla-
nation last night, returned to the
State banking authorities sole
supervision of the non-member
banking structure.
He amended the proclamation
issued last March whereby all
banks were brought under super
vision of the administration when
the banking emergency was de-
cIared.
The prohibitions in the previous
regulations pertaining to the
holding of gold, boarding. and
dealing in foreign exchange, were
continued in last nights order.
Inasmuch as the Treasury has acted
on all requests for licensing member
banks Of the Federal Reserve system,
snd as the Federal Deposit Insurance
Corporation likewise has acted on all
applications to it for membership, it
was deemed appropriate, the procla-
nation said, that the banking author
ity in each State should exercise the
sole responsibility for banking insti-
tutionS not members Of the Federal
Reserve system.
Insurance Effective Tuesday.
The deposit insurance systenl-in-
surfing deposits up to .500-becomeS
operative on Tuesday. and State banks
which have qualified will then come
under the central control of the Fed
eral Deposit Insurance Corporation
along with national banks and State
members of the Federal Reserve sys-
tenn. All applications of State nom
member banks have been acted upon
as we'll as those of member institu-
tions.
A gratifying jump in deposits. more
assets and a higher total Of loans
meanwhile were reported for the ma
tional banks of the country by the
Offcials announced figures compiled
from the bank call of october IS and
said that as compared with the last
such tabulation on June 80 virtually
all items changed in the right direc-
ton.
Between those two dates, deposits in
creased 1921 o93 900 to reach total of
100000 to S21,198.649 900. Loans
and discounts were sl4O,965000 higher,
the total being s8257e3700O The
figures were on a basis of 5,o57 banks
operating unrestrictedly on october rs
ss compared with 1902 on June 30,
Officials Enthusiastic.
From Tuesday until July all deposits
to a maximum of 81 500 will be guaran-
teed in full by fund made up of as
sessments upon the banks with a sum
of s15o.OoO0OO added by the Govern
nent. After July l, deposits to a maxi
mum of $4,000 will be insured in full,
from $4,000 to $4,000 will be guar
anteed rs per cent and above that so
per cent.
Despite the adverse criticism of bank
ers, those in charge of the deposit in
surance were enthusiastic about its
prospects for bettering economic condi-
tions. Walter j. Cummings, chairman
Of the Insurance Corporation. has said
he believed it would serve to increase
deposits and loans with the banks freed
from all fear of runs.
The banks, however, particularly the
larger ones. have expressed the feeling
that 1t was an imposition to assess them
for money which would be paid to de-
poSitors Of some institution less eff
ciently conducted. One bank in Chicago
has refused to participate and its case
has not been disposed of. The law re-
QuireS that all national banks and men,
berS of the Federal Reserve system,
whether State or national institutions,
become participants.
The national bank call is issued at
least twice year and sometimes oftener.
Continued on Page 2, Column A.