Evening star., 1933-03-16
CONFIDENCE SHOWN.
IN NEARBY BANKS.
Virtually Every Institution in
Metropolitan Area Gains
in Deposits.
Reassured by the display Of confidence

ReaSsured by the display OF confidence
On the part Of depositors yesterday, bank
officials in nearby States eased the re-
strictions under which some Of the in
stitutions were operating and licensed
several new ones to open today.
Meanwhile the bankers themselves in
institutions that have not been per-
mitted to resume operations on an un-
restricted schedule devoted their full
time to plans that would permit them
to get back on 100 per cent basis. In
many instances these included reor-
ganiZation.
The Bank of Bowie was the only one
in the vicinity Of Washington which
demonstrated its strength to such ar
extent In a single day that the 2 pei
cent withdrawal restriction on 1t was
promptly lifted.
Receiving Tellers Busy.
Without exception the banks in the
metropolitan area surrounding the
Capital City reported business to be
brisk at the receiving teller's window
ON the first day they have been per-
mitted to open since the national bank
ing holiday. while the paying tellers
found themselves for the most part
with time hanging heavy on their hands
In addition to lifting the ban at Bowie
State Bank Commissioner John j
Ghingher of Maryland permitted the
Bank of Hampstead, Carroll County. to
allow 10 per cent Withdrawals today
instead Of 2 per cent.
He also licensed the Mercantile Saw
ingS Bank of Baltimore and the St
Michaels Bank. Talbot County, to re-
open on 2 per cent basis. These
institutions were closed yesterday.
Another Maryland bank which will open
for the first time today is the Forest
Hill State Bank, Hartford County, which
will function on 100 per cent basis.
Reorganization plans Of the Union
Trust Co. Of Baltimore and the Balti-
more Trust Co. were reported progress
ing satisfactorily. These two large
institutions. fami lar to most Maryland
ers, are to be replaced by national
banks.
Record In Deposits.
Oficials of the 10 banks that have
resumed operations in Montgomery
County reported today that deposits at
the end of business yesterday aggre-
gated nearly twice those Of any previous
day in their history
The deposits made in one bank
located in the metropolitan area tctaled
nearly $4,000, 900. while those of another
ins titution in the same district threat
ened the 100000 mark.
r. Weir Waters, president of the
Takoma Park Bank. said this morning
that more than s2.700,C00 was placed
on deposit by patrons of that institu-
ticn and that that figure far surpassed
the total of Withdrawals.
The Silver Spring National Bank re-
ceiyed s66.725.36 for deposit during
the day, according to Ira c. Whitacre
cashier, who declared that the amount
Of deposits exceeded the total with
drawals by s45,72536
Both Waters and Whitacrc asserted
that Withdrawals were mainly on checks
which were issued before or during the
Maryland banking holiday and Presi-
dent Roosevelt's proclamation and had
accumulated at the bank during the
two periods.
Some Gold Received.
Regular depositors, they declared
showed no inclination to make with
drawals except for groceries. light, heat
and other household necessities.
Two other banks in the metropolitan
district handled exceptionally large
amounts of deposits. s. Walter Bogley
vice president Of the Bank Of Bethesda
and A. L. Votaw. cashier Of the Citi-
zen's Bank of Takoma Park. both said
that deposits at their respective 1nsti-
tutions were twice as much yesterday
as they are normally.
All four banks in the area immedi.
ately adjacent to the District of Co.
lumbia took in some gold in small
amounts from their depositors. Bogley
said that between $4,000 and $4,000
IN gold was turned in at the Bank
OF Bethesda during the day. No heavy
gold deposits were made by any one
person, however, he declared.
The Farmers Banking & Trust Co. OF
Rockville and the Bank of Damascus
the only members of the group of lC
county banks open for business that are
operating on restricted Withdrawal
basis. continued to grant its depositors
2 per cent Withdrawals today.
Awaits U. s. License.
The Montgomery County Nationa
Bank at Rockville. the only bank In
the county which is not open, was still
awaiting today its license from tn.
Federal Reserve Bank at Richmond te
resume business. The bank had ap.
piled for license to reopen on a 10C
per cent withdrawal basis, according
to the cashier.
The banks of Prince Georges County
were still taking deposits rapidly today
although business was much nearer
normal than yesterday which witnessed
a rush of depositors who threatened t.
swamp employees Of several financial In.
their money.
Another Prince Georges bank wal
opened to do business on 100 per CEN
basis this morning-the Bank Of Bowie
and according to William Luers
cashier, business in deposits was q
brisk that the office force was unabl,
to handle it as it arrived. Luers sale
he believed the restrictiora nlaced or