Evening star., 1933-03-14
9 Institutions
Under Own
Officers.
NEW ACCOUNTS
BRING SURPRISE
Withdrawals Are
Small AS Doors
Are Opened.

The Washington public today
poured unprecedented deposits
into the 20 banks licensed to re-
open on an almost normal basis
under approval of the Federal
Government.
The banks were Swamped with
customers opening new accounts
in what was described as the most
remarkable banking day in the
history of the city.
ConservatorS were appointed
today for II of the 13 banks which
were not granted licenses to re-
open, it was announced at the Of
flee of the controller of the cur
rency.
Nine of the II conservators are
officers in banks concerned, while
two are national bank examiners.
The appointments are:
John Poole, president OF the
Federal National Bank
g. Trust Co.
Joshua Evans, jr., president OF
the District National Bank.
F. C. Ockershausen, a national
bank examiner at the Franklin
John c. Walker, president Of
the Chevy Chase Savings Bank.
"A. o. Wharton, vice president
of the Mount Vernon Savings
Bank.
G. F. Hoover, vice president Of
the Northeast Savings Bank.
Ell. Norris, vice president and
cashier of the Woodridge-Lang-
don Savings & Commercial Bank:
w. H. C. Brown. president OF
the Industrial Savings Bank:
George w. Offutt, president OF
the Potomac Savings Bank.
J. L. Bailey, a national bank
examiner, at the United. States
Savings Bank. 4
Robert A. Sisson, vice president
of the Washington Savings Bank.
Not in Difficulties.
Secretary Woodin declared that the
appointment of conservators to banks
OF high repute did not warrant oe-
were in difficulty, but that there were
complications which made it impractical
for the banks to open to the full extent
The controller of the currency also
announced that every building and loan
association in the District would be
licensed to reopen at once.
The local office of the Bureau OF In
ternal Revenue also announced tnS
afternoon that checks on all l3 OF the
tho On In
full operation would be accepted in pay
ment of income taxes. The checks on
the unlicensed banks. OF course, WILL be
subject to collection.
Trust Companies Open.
Licenses granted all five local trust
companies and seevn savings banks
were announced by the controller OF
the currency shortly after o'clock this
morning, the information being Tor
warded to each individual bank anc 10
the washington Clearing House Asso-
citation, which was still in session az
that time.
Reopening of the banks in the city
on an almost normal banking basis
brought tremendous relief to the busi-
ness life of Washington.
Literally thousands of checks, along
with large amounts of cash, were taken
to the local banks by both corporations
and individuals. These checks had been
piling up since the holiday started a
week ago Monday.
Some of the banks reported that
money "piled in" In some instances
new accounts were opening so fast that
extra officials had to assist in recording
them.
The fact that banks were licensed by
the Government under presidential
orders seemed to give surprising boost
to public confidence. 1t was announced
in one of the Treasury emergency reg
ulations that no banks would be granted
licenses until their status had been
thoroughly investigated by the con-
troller of the currency and found
sound"
Secretary Woodin announced that the
licenses would mean that the financial
institutions granted these permits were
sound and capable of remaining SO. The
idea that people can again put their
money in the banks and get it out In
full at any time apparently caused TO-
days greatly revived interest IN bank
ing, one banker declared
Under the emergency bank bill passed
by Congress under the urgent demand
of President Roosevelt, banks which
have not yet been licensed can have
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