The Bismarck tribune., 1933-03-14

Dakota to determine its condition be-
lore permission Is granted to resume
normal operations.
II Applicationo NlaAe
Semingson said that II application
have been received from state bauks
to resume nHUAl 0pes1t3nns,
and numerous others are expected tu
follow.
Resumption Of business On q normal
basis by banks whose applications ars
approved will come within q week. the
bank examiner declared. with others to
follow as soon as the audits can be
completed.
The governors proclamation ap-
plies also to the operation Of Ill
building and loan associations, and
trust companies.
Semingson Tuesday sent q CON-
munication to all state banks and
building and loan associations, advis-
Ing them to be governed by the fol-
lowing rules:
Limit Withdrawals mp to five
per cent Of demand deposits: lin.
tting cashing checks drawn on
old accounts 10 that amount
Payment Of outstanding drafts
and cashier's checks In full.
Limiting withdrawal Of time
certificates Of deposit matuFins
after March 3. 1888, to five Per
cent.
Payment in full Of new deposits
made after banks reopened under
federal rcEulationS.
The governors proclamation said it
Is deemed necessary by the state ex-
aminer that careful and analytical
examination be made by his depart
ment Of the condition Of each separate
institution, thereby necessitating I
temporary delay In the unrestricted
and opening Of state banks
Governor Langer's proclamation
follows:
whereas. for the protection OF
bank depositors in the state Of North
Dakota. the 4th day of March, 1888, I.
as governor Of the state Of North Da-
kota, under authority vested In me by
law. did declare . temporary banking
holiday effective throughout the state
Of North Dakota, which is hereby ter
minated, and
Whereas, on the 9Th day Of March.
1888, the president Of the United
States did declare . banking holiday
effective throughout the nation, which
banking holiday still Is in force and
effect. and
Whereas. there has been sufficient
Improvement In conditions throughout
the United States 30 that the presi-
dent has felt justified in modifying
his proclamation. and
Reserve hanks Opening
Whereas. reserve banks and other
banks In reserve centeys throughou.
the nation are now In process Of re.
opening, under limitation and regula-
tions issued by the secretary Of the
treasury. and
whereas, the president Of the
United States through tho secretary Of
the treasury, has delegated to the
banking authorities In the respective
states the power to reopen the stat,
banks under their respective jurisdic
tions subject to the limitations and
regulations promulgated BY the sec-
retasy Of the treasury. and subject b.
such further limitations ana regula-
tions as may be deemed advisable In
the respective states, to the end that
banks throughout the country may be
permitted to operate and function IN
an orderly manner ct the earliest pos-
sible date, ana
Whereas, specific regulations
heretofore promulgated by the secre-
tary Of the treasury have related pei-
marily TO hanks which Are memhefD of
the federal reserve system, and not
wholly applicable 70 banking aanocin-
tions Organized under tho laW3 q this
state. not being members q slnch nd
[erAl reserve system. and
"Whereas, economic O0n0l1t0en -.
istent in this state materially olslse q
many respects fronn thee exinfnnt r.
Scoat.1ped q - e4s1a