The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-03-20
more INSTITUTIONS
TO GET PERMISSION
within short time
Examination Of Remaining l22
Banks Speeded to Restore
Normal Business
NATIONAL RULES TO HOLD
Orders Issued BY Treasury Are
Being Applied to North
Dakota Banks

Twenty-seven North Dakota state
banks reopened for business on IN
unrestricted basis Monday following
approval Of applications by Gilbert
Bennington, state examiner.
Examination Of the remainder Of
North Dakota's 40 state banks Is be.
ing hurried with q view to granting
applications for resuming Unrestricted
operation Is rapidly % possible.
Semingson emphasized that reopen.
ing of q limited number Of banks
should not be in any wise construed
that other state banks not reopened
are not In position to do 50"
He added 1t has been physically i'm
possible for the department to make
all the necessary examinations pre-
liminary to reopening but that such
examinations will be made % quikly
as possible and applications granted
in such cases as may be deemed ad-
visable.
The examiner telegraphed orders to
reopen to the "a banks Monday, and
followed this with copies, sent by mail,
of q letter Of transmittal signed by
Governor william LANCER and him.
self.
Banks reopened on an unrestricted
basis are still subject to the same re-
strictions as national banks insofar
as the presidents proclamations are
concerned.
WIN Keep Close Check
Semineson said banks reopened re-
,.1ain subject to further orders - may
in hts Judgment be necessary, de-
claring it is the intention Of the de-
partment to keep . careful check and
survey Of operations Of all state banks
in light Of the federal regulations
now issued, or which may hereafter
be announced by the federal author.
lty concerning national banks.
The order sent to the ~ banks over
the signature Of 6eminson and the
governor follows:
.You are hereby authorised and di-
rected to at once resume banking 0pe-
rationS on an unrestricted basis, that
is, you are now relieved Of the re-
strictive regulations embodied In the
proclamation Of the governor Of this
state effective Wednesday, March IS.
1893, at nine o'clock .. M, provided
however, that you win continue to be
guided by the following. until other
wise directed, viz:
. We call your attention to the fol-
lowing extract from the presidents
proclamation Of March 10, 1888:
Until further order, no individual
partnership. association, or corpora
lion. including any banking iI,stttu-
ton, shall export or otherwise remove
or permit to be withdrawn from the
United States or any place subject to
the jurisdiction thereof any gold coin,
gold bullion. or gold certificates, ex-
cept In accordance with regulations
prescribed by or under license issued
by the secretary Of the treasury.
No permission to any banking In
stitution to perform any banking
functions shall authorize such insti-
tuition to pay out any gold coin. gold
bullion or gold certificates except -
authorized by the secretary Of the
treasury, nor to allow withdrawal Of
any currency for boarding. nor to en-.
gage In an Transaction In foreign ex.
change except such Is may b under.
taken for legitimate and normal btsi.
ness requirements, for reasonable
travelling and other personal require
ments and for the fulfillment Of con.
tracts. entered into prior to March 8.
1883
Orders Dar Hearding
ALSO the following regulation pre-
scrihed BY the secretary o( the treas
Try:
mo banking institution shall per-
NIT any withdrawal By any. person
when such institution, acting In good
faith. shall deem that tho withdrawal
u intended for boarding. Any hank
ing institution, before permitting the
withdrawal Of large o. unusual
amounts Of currency, may require
from the person requesting such
withdrawal, . full statement under
oath Of the purpose for which the
currency u requested
Attempted Withdrawals referred t.
IN the foregoing regulations need not
necessarily Ill b made at the teller's
cage. A withdrawal q this nature
might b made at some other point
and b presented to you Tor collection
BY your correspondents. You win
therefore guard against Withdrawals
Of this nature.
I'VE are herewith enclosing Q form
which = being used b. various banks
IN meeting Withdrawals. We suggest
that you obtain . supply Of these
forms and use same IN connection
with unusual Withdrawals made Of
your banks.
"It 4 needless to say. that because
Of the abnormal economic situation
existent and from which ~, are now
slowly but definitely emerging. that
persistent and whole-hearted 90
operation 30 had between your In
stitutlon, the officials o. this state
and tho public q large. that type q
concerted effort which has recently
become country-wide. We are con-
tident that the people Of this natDon
have resolved to lend unreserved ~
(oontinueo q cAes sevsO
49,