The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
R eproduced from the U nclassified / D eclassified H oldings of the N ational A rchives
d e c l a s s if ie d
fj O |
Authority
TEZLEIORAM
0
'
F E D E R A L R E SE R V E B O A R D
W A S H IN G T O N
MWtfk 3 0 ,
Boston
3 e t|r ** /tlokaond
Barrlaon - Kav Yorlc
Sorria ph1if
Fanafcax - Clevcdftnd
imBESU . .....
BlAck ** Atlanta
SoDougal - .
Martin - $%• Lo&ia
^
B K illtn - K a n s a s City
lla®£iM*y - Dallji*
3alkixa - £bm Fzmsolsco
Undar authority o a n tv m d upon M m by President*a Proclamations
«f Maroti 6 and 9, 18&3, declaring and eontlotting bank holiday, 3«oretaxy of
fm m m m k«® iacwd follaaisg r®®ilatioaa:
"Any atata bank *iich is a m ob o r o f the Federal Reserr«
by tt» ■smmtmey o f t$ » $a?«<sfisry *o
SlrafeMft* ana ia ,ao4
juarfona uauea hm d&m M m M m m .* WW$ pmwM wlihdmwala of
t# ih io h
th at M b
(b) <fcily
X a w fu lly
by c o U a t o r a l ; p r o v id e d ,
w ith d raw al* are (a ) p e r & ia a ih l a u rd e r a p p lio e b le l o t ,
by tig Board of atewtcw* of ouch b«ik# upon
aaoh taraa with roapaot to Ute r*l»a&* o f collateral as will
fully protaot all deposit oris eauL othar creditoro againet Ilia
erastian of «my psafaimoaa, «sd {a} i^pnarsd by the appropriate
State authority having a«parviaian of aueh bank*
"A*y auah bank la authoiiaad to carry <m mdb. uaual backing
tiim tim m m m f ba aa©aactial to aXloa the withdrawal* permitted
by thia ragkOaUoa, sub>ct to tha proriaiona and restrictions
abova aat forth aad aaceapt eta olharwiae prohibit*!.*
fialaaaad 1}o praaa aa regulation 32.
I lo s rililX *
...... )'■n
Reproduced from the Unclassified I Declassified Holdings of the National Archives
— — - -------— ------- — ________
d e c l a s s if ie d
I Authority £ p \o f)C \
(-O O y -
TREASURY DEPARTMENT
No. 32.
FOR IMMEDIATE RELEASE
MARCH 3 0, 1933.
Under the authority conferred upon him by the Presiden t’ s
Proclamations of March 6 and of March 9 , 1933,
declaring and con
tinuing a hank h olid ay , the Secretary of the Treasury has issued
the following regulation:
"Any State bank which is a member of the
Federal Reserve System, and is not licen sed by
the Secretary of the Treasury to perform usual
banking fun ction s, may permit withdrawals of
deposits which are lawfiilly secured by co llate ra l;
provided, that such withdrawals are (a) permissible
under applicable law, (b) duly authorized by the
Board of Directors of such bank, upon such terms
with respect to the release of collateral as w ill
fu lly protect a l l depositors and other creditors
against the creation of any preferences, and
(c) approved by the appropriate State authority
having supervision of such bank.
"Any such bank is authorized to carry on such
usual banking functions as may be essential to
allow the withdrawals permitted by this regulation,
subject to the provisions and restrictions above set
forth and except as otherwise p r o h ib ite d ."
W. H. W00DIN
Secretary of the Treasury.
"mmmm
tm m rn m m w m m m m
R eproduced from the U nclassified
I D ecla ssified H oldings of the N ational Arch ives
DECLASSIFIED
Authority
F o rm
1 4 8 1)
\0 C) U |
'
.
TELEGRAM
-
^
{0
FED ERAL R ESE RVE B O A R D
W A SH IN G T O N
Itta**
f mm$ - B o rtn
Barriaom - Mmm T*rt
F orrl* - P kilad oljk la
Famobar - CI*T«la»4
TRAMS.
flaoy Black * Atlanta
HeDwmuL - Ohle«€0
Martlm - St* Loaia
19S9.
Goory - Hlnnaapolla
SamilUm - Kanaoa C ity
ItaKlnmoy - D tU u
Calkina - Sam fraaaiaao
Uador authority eomfarrad mpo* M s hy Prealdaot’ f Procla»atio**
o f March $ a rt 9 , 1«53, doe&ftrtmg amd cotttlmaiag teak holiday, 3 * e rrU rr o f
Tra&aoir has iatraad following re«mlati<im:
*Amy honking Im atitotloa which i* * aambar of tba
B*~
oarfo Syataa and i s mot llaaaoad 'to parforo n*u*l fcamklmg fw etlom a,
which to daly aathoriaad he *fi«afe
la tha bvalneas o f actlag M tru st**,
oxoewtor, adKinl at ro to r, ra g ia tra r of atoeko amd boada, t m i f i r agamt,
guard! am o f oototes, tM lg iN , roooiTar, nt— 1 ttoa o f aatatos o f Immatlca,
o r 1b cay othar fid aciary aapaalty, may tramaact auoh haalmoM lm tlie oarmal
Yftftl mrm vr ajod n j maka’p tT a n tt OH s ts o tit o f ties principal or
lncoaa o f tru a t or othar fiduoiary fumda to tfe* persona am tltlod tharato;
prcrvldad, th a t, axeapt to tho oxtamt pam i t tad hy othar I te rp M y Bamkl&g
Ba^wlatioma, m mmk featttlmg imatitatiom ab all withdraw or pay ovt amy
tisiart or othar fid u ciary fomdo am dapoait o ith amy o th a r 'daportaamt of «a®h,
backlog Im atit^tiao o r aaka amy othar payaa&t lm aonAa«Uom with any tre a t
or othor fld o a la ry ftutda which aomld oparata to dlaeliarga, aa o *faola o r
lm p art, aay ladofctstooao, aa dlatlBftuirffcad f n a amy tru st o r othar fid u ciary
duty, of aoch hoiklme imatitoti«»*
l
|
" itia ragulatioa ■upaxaaiaa f a r c « n j Bamkiug Bagulatiom So* IS
I*
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £& }Q fjO j
L A ' I O ,
TREASURY
DEPARTMENT
No. 31
FOR I M E D IA T E HELEA.SE
MARCH 3 0 , 193 3.
Under the authority conferred upon him by the P r e s i d e n t s
Proclamations of March 6 and of March 9 , 1933,
declaring and con
tinuing a bank h o lid ay , the Secretary of the Treasury has issued
the following regulation:
"Any banking institu tio n which is a member of the
Federal Reserve System and is not licensed to perform
usual banking functions, but which is duly authorized
to engage in the business of acting as trustee,
executor, adm inistrator, registrar of stocks and bonds,
transfer agent, guardian of estates, assignee, receiver,
committee of estates of lu n a tic s , or in any other
fidu ciary capacity, may transact such business in the
normal and usual manner and may make payments on account
of the p rincipal or income of trust or other fidu ciary
funds to the persons entitled thereto; provided, that,
except to the extent permitted by other Emergency
Banking Regulations, no such banking in stitu tio n shall
withdraw or pay out any trust or other fidu ciary funds
on deposit w ith any other department of such banking
in stitution or make any other payment in connection with
any trust or other fidu ciary funds which would operate to
discharge, as a whole or in p art, any indebtedness, as
distinguished from any trust or other fidu ciary duty, of
such banking in stitu tio n .
"This regulation supersedes Emergency Banking
Regulation No. 1 3 of March 7 , 19 33, which is hereby revoked."
W. H. WOODBT
Secretary of the Treasury.
Reproduced from the Unclassified I Declassified Holdings of the National Archives
d e c l a s s if ie d
Authority
SO 1
X
Office of the Secretary
March m$ 1933.
EMEKGI.KCY BAHKING W m iA U m $0* 311
tTnder/theJ authority of^the? President*£ Proclamations of
March 6 aad[IKareh)9> 1933*. declaring and continuing f€)batik holiday,
<*
the following regulation i» prescribed!
"Any banking institution which is a member of the
Federal Reserve Staten and la not licensed to perform
uaual banking functions, but which la duly authorized
to engage in the buaineaa of acting as trustee,
executor, adainiatr&tor, registrar of atocka and bonds,
tranafer agent* guardian of eatates, aaaignee, receiver,
ooo^ittee of estates of lunatiee, or in any other
fiduciary capacity, may transact such bueineaa In the
noraal and usual manner and may aake payments on account
of the principal or income of truet or other fiduciary
fund* to the persons entitled thereto! provided* that,
except to the extent permitted by other Emergency
Banking ilegulatione, no such banking institution shall
t&tfcdraw or pay out any trust or o^ier fiduciary funda
on deposit with any other department of such banking
institution or zsake any other payment in connection with
any trust or other fiduciary funds which wmld operate to
discharge, as a whole or in part, any indebtedness, &e
.distinguished free any trust or other fiduciary duty, of
such banking institution*
fhie regulation auperaedea Emergency Banking
Hegulation Ho* 13 of March 7, 1933* which la hereby revoked* '
« . B , WQODIK
Secretary of the freaamy
Appr^vtd March WO, 1933*
the Vhlte Souse*
JH D jL h a
•
-
.~,±---. - u - . . . ....... . ■-■'.■■
R eproduced from the U nclassified / D ecla ssified H oldings of the N ational A rchives
r ■, ...» ..»■■■.- . ,—-
,
--------_____________________________
d e c l a s s if ie d
Authority £ t>\C> f] 0 j
F o r r a 1 4 8 1>
TELEGRA
LflO
FEDERAL RESERVE BOARD
W A SH IN G T O N
X *r*k 8 8 ,
YouBg - Bo• ton
$ e e y - Richmond
Serriaofi - X m York
K o r r ia * P h il a d e lp h ia
/a n o h e r - C le v e lan d
M *# k - A *!**!*
M aDoaeal - C hieago
Itertla - S t . L o u is
TBAKS.
S S * '3
<3
1939,
Q # ety - M in n e a p o lis
- $*aas*s 0 i ty
M eKinney - Dal la a
Calk!a* * ^an /r a n e ia e o
U nder a u t h o r it y c o n ferred upon him try P r e a id a n t *a P ro a la s a tio n s
o f Marsh 6 and 9 ,
1 9 3 3 , d e c la r in g end c o n tin u in g bank h o l id a y , 3 e e r e ta r y o f T re asu ry
baa issu e d fo llo w in g r e g u la t io n :
"B a n k in g in s t it u t io n a w hich are aoetbera o f tha F ed era l fteeerre
S y sta a and of' w hich ac tu a l po aaesaio n and c o n tro l hare b a a * taken ( a )
by e on serrato ra ap pointed piarauant to tha A et o f J^arch 9,
19&3, or ( b )
by ap p ro p ria te 3ta te o f f i e i a l a appointed pursuant to Sta te la w , aa per* & t M I fey the P r o a id a n t ♦a sxecxiU re O rd e r o f Maroh 1 8 ,
1933, are perm itted
to tren a ae t rash U n i t e d b a n k in g fu n c t io n * aa may be a u th o r!x e d i a aecordanee w it h l a » by tha C o a p tro lle r o f the C u rre n c y , i n tha e&aa o f n a t io n a l
bam ks, or by the ap p ro p ria te S tate o f f i c i a l s , im tha eaae o f S tate »em ber
b e * ice; p r o v id e d . b o w r a r ,
that no iwafc b an kin g i n s t it u t io n a h a ll reopen f o r
tha perform ance o f i t a u s u a l and n o m a l fu n c tio n s u n t i l I t s h a ll hare r»« * & * » & a lie e n e # f r o * the S * « r e i « r y o f the T r e a s u r y .
"T h i a regttlatiein a h a ll not a u th o ris e any t r a n s a c tio n w it h reap eet
to
tho expo rt
or
p a y in g out o f g o ld ,
or
go ld c a r t i f i c a t a a , wi thdraw al
of
curren cy f o r b o ard in g o r t ra n sa c tio n s in fo r e ig n exchange p r o h ib it e d o r r**atriefbed by the Sjceeutire Order o f U aroh 1 0 , 1 5 3 3 ."
H eleaeed tjo p ress aa refttl.at.tQ3i 3 0 .
( 11 .
Reproduced from the Unclassified I Declassified Holdings of the National Archives
" |! ' i ' ' in
I
..—
_■
i i
— ------ — ■
— ------- — ---------- -
DECLASSIFIED
Authority £ p \Q SO 1
U flP ,
No. 30
FOR IMMEDIATE RELEASE
MARCH 28, 1933.
TREASURY DEPARTMENT
Under the authority conferred upon him "by the P r e s i d e n t s
Proclamations of March 6 and of March 9 , 1 9 3 3 ,
declaring and con
tinuing a bank h o lid a y , the Secretary of the Treasury has issued
the following regulation:
"Banking institutions which are members of the
Federal Reserve System and of which actual possession
and control have been taken (a) by conservators
appointed pursuant to the Act of March 9 , 19 3 3 , or
(b ) by appropriate State o f f i c ia l s appointed pursuant
to State law, as permitted by the P r e s i d e n t s Executive
Older of March 1 8 , 1 9 3 3 , are permitted to transact such
lim ited banking functions as may be authorized in
accordance with law by the Comptroller of the Currency,
in the case of national banks, or by the appropriate
State o f f i c i a l s , in the case of State member banks;
provided, however, that no such banking institution
shall reopen for the performance of its usual and
normal functions un til it shall have received a license
from the Secretary of the Treasury.
’’This regulation shall not authorize any trans
action with respect to the export or paying out of
gold, or gold c e r tific a te s , withdrawal of currency
for hoarding or transactions in foreign exchange pro
h ib ite d or restricted by the Execxitive Order of March
1 0 , 1 9 3 3 .’’
W. H. WOODIN
Secretary of the Treasury
R ep rod uced from the U nclassified / D ecla ssified H oldings of the N ational A rchives
— — —
-— —
-— ----------------
d e c l a s s if ie d
Authority £ t>j o 5 0 j
l-i'orm
TELEGRAM
M
l o
,
FED ERAL R E SE RVE B O A R D
W A S H IN G T O N
B a r o fc £ 1 ,
1S & S *
T©&n« * Boston
$e*y - f&eliiWBa
Ooory ** Wlnnoapoliu
H a r r is o n * Sow York
N o rria
P h ila d e lp h ia
Fanchar - C levelan d
8 & M & * A tla n ta
Melkm gal ~ Chicago
M a rtin - S t * L o u is
B a a iit o n - & m * m » C ity
M cKinney * D a lia n
C a lk in s ~ San C r e n e l b o o
T&AM 3.
,
U nder a u t h o r it y conferred upon h i * by P r e s id e n t *e
P ro claim tlo n a of March 6 and 9 ,
1 9 3 5 , d e c la r in g and c o n tin u in g bank h o l id a y ,
S e c reta ry o f T re a su ry h aa is s u e d fo llo w in g r e g u la t io n :
"A n y ban kin g i n s t it u t io n w hich I s a neraber o f tha F ed er a l
Rsaerre S y a ta a and ia so t lic e n s e d to p e rfo n e isttal ban kin g
fu n c t io n * nay rediaaottnt o r pledge w ith an o th e r ba n k in g i n s t i t u
t io n re n e w a l* o f n otea w hioh were p r o T io u a ly re d isc o u n te d o r
pledged w ith a n a * o th er b a n k in g i n s t i t u t i o n ."
Beleaaed to press m regulation 29«
M orrill*
2—94.54
v
Reproduced from {he Unclassified / Declassified Holdings of the National Archives
d e c l a s s if ie d
Authority £Q \0 ?}Q
jtnrwnm'
Ho. 29
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE
MARCH 2 1 , 19 33.
Under the authority conferred upon him by the P r e s i d e n t s
Proclamations of March 6 and of March 9 , 19 3 3 ,
tinuing a hank holiday,
declaring and con
the Secretary of the Treasury has issued
the following regulation :
uAny "banking in stitu tio n which is a member of the
Federal Reserve System and is not licen sed to perform
usual "banking functions may rediscount or pledge with
another banking institutio n renewals of notes which
were previously rediscounted or pledged with such other
banking i n s t it u t io n .”
W. H. T700DIN
Secretary of the Treasury
Reproduced from the Unclassified / Declassified Holdings of the National Archives
d e c l a s s if ie d
l Authority £ & j o f} Q |
No. 29
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE
MARCH 2 1, 1933.
Under the authority conferred upon him by the Presiden t’ s
Proclamations of March 6 and of March 9 , 19 33,
declaring and con
tinuing a bank h oliday, the Secretary of the Treasury has issued
the following regulation :
11
Any banking in s titu tio n which is a member of the
Federal Reserve System and is not licen sed to perform
usual banking functions may rediscount or pledge with
another banking in stitu tio n renewals of notes which
were previously rediscounted or pledged with such other
banking in s t it u t io n ."
W. H. T700DI3T
Secretary of the Treasury
Reproduced from the Unclassified / Declassified Holdings of the National Archives
__ -
DECLASSIFIED
Authority £ tr
?}0 \
£
t iM s s m a
m m m k f t
t m
MkAiM % I , 1933,
x&m Mm lay the fr«*id«BVft
tiBdcr the futfeoiity
of ttauroli $ « M of fcarali 9 f 1833,
tinning * taak fe»lldag\
ivncar^tfiipy #f Hie
the following ragnlftfciftR^t
* ^ iW
feiag tafttltatleii whldfe it & ismtor of tbe
/ • a « r * .l
w ia l
oad i s t
A
to w w rfa * »
ftstnotloiift jmjr re&lRa«*nt ©r olftd*.* vltk
a m & i& r taafttug imtfcituit©a rcswEl* of aoUv wttlak
* * jni t*rtTf«r«*Xy r#4t«wssat<jd or v?X*%*d arttk *ncfe ofhtr
fovktng in s titu tio n *
*# K ,
sterotwpy of *&« TrtMftuqr
ssotv*
Reproduced from the Unclassified / Declassified Holdings of the National Archives
— ------
DECLASSIFIED
I Authority £Q JO *jO |
^~j 1 0 K ~
No. 28
TREASURY DEPARTMENT
FOR IMMEDIATE RELEA.SE
March 1 $ , 1 933 ,
Under authority conferred upon him "by the P r e s id e n t's
Proclamations of March 6 , 193 3, and of March 9 , 193 3, declaring
and continuing a hank holiday, the Secretary of the Treasury has
issued the following regulation:
"A fte r the close of business on March 1 8,
1933, Treasury Regulation No. 6 and Treasury
Regulation No. 1 0 , as amended, shall he without
force or effect to authorize any hanking transaction
therein referred t o ."
W. H.. WOODIN Secretary of the Treasury,
Reproduced from the Unclassified / Declassified Holdings of the National Archives
- — ------
----
d e c l a s s if i e d
I Authority £&>jo 5 0 1
Ho. 28
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE
March 1 8 , 19 33.
Under authority conferred upon M m by the P r e s i d e n t s
Proclamations of March 6 , 1933, and of March 9 , 1 9 3 3 ,
declaring
and continuing a bank holiday, the Secretary of the Treasury has
issued the follow ing regulation:
"A fte r the close of business on March 1 8 ,
1933, Treasury Regulation No. 6 and Treasury
Regulation No. 1 0 , as amended, shall be without
force or effect to authorize any banking transaction
therein referred t o ."
W. H. WOODIN'
Secretary of the Treasury.
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £OjO 5 0 1
TREASURY DIPARYIOBIT TBUQRAM
m
m
m
m
o m « « .
*
*ashingto» 9
y ta tfb x $ 9
To $ovtraors» Federal Reserve Banks.
Chicago, 111.
St. Louist Mo,
Minneapolis, Minn.
Kansas City, Mo.
Dallas» fez*
San Francisco, Calif,
Boston, Hass.
Hew fork, N. Y.
Philadelphia, Pa.
Cleveland, Ohio.
Rlobaond9 Va.
Atlanta* 0a.
tk* f»u««iac
**. **• «tM im « is,
taa bmm l«n »A Vy « »•
itsa ,
T rm a u x j u i m r * •
STOP
t^pOTE
(iM tm tlM i
to
lw *
3T dp
m
H to
1* r t t a t t il
u o n
uixunra
KxoeasMi af Jj£smTB*mY
B u k la c u t ,
Ite .
#, 1* W
P r in t . »1» .
Reproduced from the Unclassified I Declassified Holdings of the National Archives
d e c l a s s if ie d
Authority £Q \Q
i
. 27
FOR W a d i ATE RELEASE
MARCH 18* 1933.
TirSfLSUEY DEPAETMENt
Under authority conferred upon him by the p r e s i d e n t s Proclamations
of March 6 , 1933, and of March 9 , 1933*
declaring and continuing a bank
h olid ay , and the Executive Order of March 10, 1 9 3 3 , the Secretary of the
Treasury has issued the following regulation!
"Any .state banking in stitution which is a member of
the Federal Reserve System and which is not licen sed by
the Secretary of the Treasury to reopen for the performance
of usual banking functions may, with the approval of the
appropriate State authority having immediate supervision
of such banking in s titu tio n , permit withdrawals by
depositors and make payments to creditors of such per
centage of the amounts due to them (not' exceeding 5$)
as it may determine, provided that at or before the time
of such withdrawal or payment it shall set aside and make
a v ailab le for such purpose a fund for the benefit of and
su fficie n t to pay to a ll depositors and creditors the
percentage so determined.
"T h is regulation shall not in any way affect any
right created by Regulation No. 7 nor limit or restrict
any payment thereby authorized.
"Any right to authorize withdrawals or payments under
the terms of this regulation shall terminate upon the
appointment of any conservator, receiver or other appropri
ate State o f f i c ia l taking charge of the a ffa ir s of such
banking in s t it u t io n s ."
H. WOODIN
Secretary of the Treasury.
r
Reproduced from the Unclassified I Declassified Holdings of the National Archives
— ------------- — =— — — ------------
DECLASSIFIED
Authority £& \o *)Q j
'■». 27
TREASURY DEPARTMENT
POR x*uiv^DIATE RELEASE
MARCH 1 8 , 1933.
Under authority conferred upon him by the P r e s i d e n t s Proclamations
of March 6 , 1933, &nd of March 9 , 1 9 3 3 ,
declaring and continuing a bank
h olid ay , and the Executive Order of March 10, 1 9 3 3 , the Secretary of the
Treasury has issued the following regulation:
HAny .state banking in stitu tio n which is a member of
the Federal Reserve System and which is not licen sed by
the Secretary of the Treasury to reopen for the performance
of usual banking functions may, with the approval of the
appropriate State authority having immediate supervision
of such banking in s titu tio n , permit withdrawals by
depositors and make payments to creditors of such per
centage of the amounts due to them (no£ exceeding 5$)
as it may determine, provided that at or before the time
of such withdrawal or payment it shall set aside and make
av ailab le for such purpose a fund for the benefit of and
su fficie n t to pay to a ll depositors and creditors the
percentage so determined.
’’This regulation shall not in any way affect any
right created by Regulation Ho. 7 nor limit or restrict
any payment thereby authorized.
"Any right to authorize withdrawals or payments under
the terms of this regulation shall terminate upon the
appointment of any conservator, receiver or other appropri
ate State o f f i c ia l taking charge of the a ffa ir s of such
banking in s titu tio n s . 11
». H. W00DIN
Secretary of the Treasury.
Reproduced from the Unclassified I Declassified Holdings of the National Archives
—
— ,— ,— _ _ — — __
DECLASSIFIED
Authority £ p \€> SO i
a*riasury DiPARTu»rr m m m
m rm
m i
n r«
m
n m
•
Wa§hi*ft*a#
_ .„
mmk
mAJMI
Ha*
To Governors, Federal Rasarva Bank*,
Boston, Mass.
Kew York, N. T.
Philadelphia, Fa*
Cleveland* Ohio.
Richmond, ?a.
Atlanta* Ga*
fit# foUmriag M p fe ttift
ha* t a m
lwtadiat«l?
m m
W
* *
a m
m
f im
Chicago* 111.
St. Louis, Ho*
Minneapolis, Minn.
Kansas City, Mo.
Dallas* Tex.
San Francisco, Calif.
it#
March *8« 1W I,
**
n o * s w r to*
il»
U W U iM g M rt
atataaaat} M W
8 **t
m m ia
«A
myfftft
MUUOIfSIIK
1
1 8
8
Private fir#.
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £ p \ 0 SO j
Under authority conferred upon him by the P r e s id e n t’ s Proclamations
of March 6 , 1933, and of March 9 , 1 9 3 3 ,
declaring and continuing a bank
h o lid ay , and the Executive Order of March 10, 1 9 3 3 , the Secretary of the
Treasury has issued the following regulation:
,fAny .state banking institutio n which is a member of
the Federal Reserve System and which is not licen sed by
the Secretary of the Treasury to reopen for the performance
of usual banking functions may, with the approval of the
appropriate State authority having immediate supervision
of such banking in s titu tio n , permit withdrawals by
depositors and make payments to creditors of such per
centage of the amounts due to them (not- exceeding 5$)
as it may determine, provided that at or before the time
of such withdrawal or payment it shall set aside and make
av ailab le for such purpose a fund for the benefit of and
su fficient to pay to a ll depositors and creditors the
percentage so determined.
"T h is regulation shall not in any way affect any
right created by Regulation No. 7 nor limit or restrict
any payment thereby authorized.
"Any right to authorize withdrawals or payments under
the terms of this regulation shall terminate upon the
appointment of any conservator, receiver or other appropri
ate State o f f i c ia l taking charge of the a ffa ir s of such
banking in s t it u t io n s .”
W. H. WOODIN
Secretary of the Treasury,
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £t>\0 6 0 1
TELEGRAM
FEDERAL R E S E R V E BOARD
W A S H IN G T O N
Haroh 15, X9S3.
Touag - Boston
Karritiozi - -lew Tt»rk
llorris - £%dladol?kia
tfaaehar - Clovoland
m is* so*
soay - Rlcbaoad
Black - Atlanta
Moiiou^al - dfcicago
Martin - St. Loui*
Goory - lila^eapolis
Basiilton - Kanoa* City
ifcKinney - Balias
Calkin* - sam yra ".eiaco
XJador authority ooaaferred upcm hi* lay Frooldoufc’ *
Proclocation* of K*roh 6 aad 9# 1933, declaring and oasfcixmlag bank holiday.
Secretary of Treaoory lias issued following regulations
"All
itttltstlaif >My ia*u« drafts
tnu&sferriag eredito fron say plaoe in tha Waited
State® to any other plaoe in th« Halted Stataa and
fro*a aay plaoa in the United States to any plaoa
la a foreign ootratry la oooneotlasa with payaanto
for dottootlo and foreign patent, tradsaark aaft
defign application foes, and Is paynotit for donostio
md foreign patent and tradsaark taxes and renewals.
So gold or gold certificates shall be paid tm t,
withdrawn, or oacported under this regulation*”
Released to froos^fesgalatlctt 26«
Morrill.
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £C? IQ f)Q |
No. 26
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE.
March 13, 19 3 3 .
Under the authority conferred upon him by the P r e s id e n t’ s
Proclamations of March 6 , 1933,
and of March 9,
1933,
declaring
and continuing a "bank holiday,
the Secretary of the Treasury has
issued the following regulation:
’’A ll banking institution s may issue drafts trans
ferring credits from any place in the United States to
any other place in the United States and from any place
in the United States to any place in a foreign country
in connection with payments for domestic and foreign
patent,
trademark and design application fees,
and in
payment for domestic and foreign patent and trademark
taxes and renewals.
shall be paid out,
No gold or gold c e rtific ate s
withdrawn,
or exported under this
r e g u la t io n .”
W. H. WOODIN
Secretary of the Treasury.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
DECLASSIFIED
Authority £Q SO SO 1
No* 26
FOR IMMEDIATE P L E A S E .
March. 13, 1 9 3 3 ,
TREASURY DEPARTMENT
Under the authority conferred, upon him by the P r e s i d e n t s
Proclamations of March 6 , 1933,
and of March 9, 1933,
declaring
and continuing a "bank holiday,
the Secretary of the Treasury has
issued the following regulation:
"A ll banking institution s may issue drafts trans
ferring credits from any place in the United States
%o
any other place in the United States and from any place
in the United States to any place in a foreign country
in connection with payments for domestic and foreign
patent,
trademark and design application fees,
and in
payment for domestic and foreign patent and trademark
taxes and renewals.
shall be paid out,
No gold or gold ce rtific ate s
withdrawn,
or exported under this
r e g u la tio n ,"
W. H . WOODIN
Secretary of the Treasury
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £& \Q 6 0 j
Form 1 181>
TELEGRAM
FEDERAL RESERVE BOARD
W ASHINGTON
Yoimg - Boston
Harrison - 1-lair Totk
Sorris - rhilaAalpfcia
F&neher - Clavalaad
m u s 10
gaay -
K ie h a o iid
Slaok - Atlanta
M eD ougal - O U m m
M a r t in - S t . XiOQis
March 1 3 ,
G e a ry -
1933
J & n r;a & > © li8
Hamilton - Ka-tisaa City
Mcltiaaay - Dallas
Galkina - San ifra/iciseo
Ofcdar authority eoafarrad u pm him by Praaidaa^a
proclfwsatione of Mareli 6 and 9, 19S3, declaring aad contioaing
b&ak holiday, Secretary of Treasury lias issued following regulations
*Pa2idiag the determination by the freaaury Department of a sailtable
procedure far liceneiBg the delivery of gold for usa ia trade, pro*
fes&ioa or art, Federal Beeerve haste* are hereby aathorieed to
deliver t*po» request therefor gold in am ount* de«ae& lay such beak
to ha reasonably required fm t legitimate aad custonary uses in
trade, profession or art, provided such request ia aeeorapaaiad fey
affidavit of tha person ra^uaatiag such &old stating tha anoiant
of naaaaanfaotared gold on band and tha facts staking it neeessarjr
to obtain sroeh gold for tha purpose of isaiatalnlag «sploym*eat.
’’All basks licensed to open for turaal aad noraal functions ara
pansitted to carry out any translation neceasary to conplete
tha delivery of any $old authorised
any yederaX reserve teak
to be delivered ia accordance with aa^i request."
Released to prass aa regulation 35.
Secretary has alao issued public statement directing tfent re<juests for
d*Uvery of ®old
hm
ia trmda, profession or art ha submitted to federal
reserve bank of ths district aeooegmied by affidavit referred to in regulation,
and stating that accurate record* suet ha kept of disposition of all ®old *laich
Reproduced from the Unclassified I Declassified Holdings of the National Archives
d e c l a s sif ie d
Authority £tMO 5 0 |
No. 25
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE
March 13, 1933
Under the authority conferred upon him "by the P r e s id e n t’ s
proclamations of March 6 , 1933,
continuing a bank holiday,
and March 9,
1933,
declaring and
the Secretary of the Treasury has issued
the following regulation:
’’Pending the determination by the Treasury Depart
ment of a suitable procedure for licen sing the delivery
of gold for use in trade, profession or art,
Federal
Reserve banks are hereby authorized to deliver upon
request therefor gold in amounts deemed by such bank
to be reasonably required for legitim ate and customary
uses in trade, profession or art, provided such request
is accompanied by affid av it of the person requesting such
gold stating the amount of unmanufactured gold on hand
and the facts making it necessary to obtain such gold
for the purpose of m aintaining employment.
11
All banks licen sed to open for usual and normal
functions are permitted to carry out any transaction
necessary to complete the delivery of any gold authorized
by any Federal Reserve Bank to be delivered in accordance
with such re q u e s t.”
W, H. WOODIN
Secretary of the Treasury
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £0\
o5 0 |
/
No. 25
FOR IMMEDIATE RELEASE
March 13, 1933
TREASURY DEPARTMENT
Under the authority conferred upon him by the P r e s id e n t’ s
proclamations of March 6 , 1933,
continuing a bank holiday,
and March 9,
1933,
declaring and
the Secretary of the Treasury has issued
the following regulation:
’’Pending the determination by the Treasury Depart
ment of a suitable procedure for licen sing the delivery
of gold for use in trade, profession or art,
Federal
Reserve banks are hereby authorized to deliver Upon
request therefor gold in amounts deemed by such bank
to be reasonably required for legitim ate and customary
uses in trade, profession or art,
provided such request
is accompanied by a ffid a v it of the person requesting such
gold stating the amount of unmanufactured gold on hand
and the facts making it necessary to obtain such gold
for the purpose of m aintaining employment.
’’All banks licen sed to open for usual and normal
functions are permitted to carry out any transaction
necessary to complete the delivery of any gold authorized
by any Federal Reserve Bank to be delivered in accordance
with such re q u e s t.”
W. H . WOODIN
Secretary of the Treasury
Reproduced from the Unclassified I Declassified Holdings of the National Archives
F o r m 148 b
DECLASSIFIED
Authority £D<0 $Q |
TELEGRAM
m
o .
FED ERAL R ESE R V E B O A R D
W A S H IN G T O N
M a rc h
Young - Boston
Harrison - Hew York
Norris - Philadelphia
Fancher - Cleveland
:
I L
h .
Seay “ Richmond
Black - Atlanta
McDougal - Chicago
Martin - St. Louis
1 2 ,
1 9 3 £ .
Geery - Minneapolis
Hamilton - Kansas City
McKinney - Dallas
Calkins - San Francisco
llader authority conferred mxm him by Prealde&t1®
rroclaciations of Slareh 6
9* 1933, daelariaijg and continuing
hsak holiday, Secretary ;.?£ V a g a r y has issued following regulations
MA11 banking institutions saay cash official drafts
drawn m>on the Secretary of *3tatt for paysisut of salaries,
traveling? and other contingent exp&msm fcut not for -per
sonal account, and remit the amounts thereof to th© b^nles
from which the drafts are received, provided that no gold
or a*oU certificates shall be paid out.41
P leased to r*re»s as regulation 24.
iarrill
sac/abfc
F U L I E
P Y
•V
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority j t o j o j j o |
ITo. 24
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE
MARCH 1 2 , 1933.
Under the authority conferred upon him "by the P r e s id e n t’ s Proclamations
of March 6 and of March 9 , 1 9 3 3 , declaring and continuing a bank h o liday ,
the Secretary of the Treasury has issued the following regulations:
"A l l banking institutions may cash o f fic ia l drafts
drawn upon the Secretary of State for payment of sa la rie s,
traveling and other contingent expenses but not for per
sonal account, and remit the amounts thereof to the banks
from which the drafts are received, provided that no gold
or gold certificates shall be paid out , '1
W. H. WOODIN
Secretary of the Treasury,
Reproduced from the Unclassified I Declassified Holdings of the National Archives
d e c l a s sif ie d
Authority £ 0 \ 0 5 0 |
No. 24
IR-3A3URT DEPARTMENT
FOR IMMEDIATE RELEASE
MARCH 1 2 , 1933.
TJn&er the authority conferred upon him "by the P r e s i d e n t s Proclamations
of March 6 and of March 9 , 1 9 3 3 , declaring and continuing a "bank holid ay ,
the Secretary of the Treasury has issued the following regulations:
"A l l "banking institutions may cash o ffic ia l drafts
drawn upon the Secretary of State for payment of sa la rie s ,
traveling and other contingent expenses but not for per
sonal account, and remit the amounts thereof to the banks
from which the drafts are received, provided that no gold
or gold c e rtificates shall be paid o u t."
W. H. WOODIN
Secretary of the Treasury,
|ed from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority
£Q\Q5 0
i w 1 * v v' «*" ***» ^
F o r m 118 b
1
;o
TELEGRAM
m o .
FEDERAL RESERVE BOARD
W A SH IN G T O N
liarch 1 2 , 1933«
Young - Boston
Harrison - How Toxic
Horrls - Philadelphia
faneher - GLoielaad
SHAHS j m
Seay - Richmond
Black - Atlanta
McDougal *> ffilftftgfl
Martin - St* Louis
Ooory - Minneapolis
Hamilton - Kansas City
McKinney - fellas
Calkins - San Francisco
Ttoier authority conferred t^pon him by President1 s
Proclamations of March 6 th and 9th, and Executive Ofder of President of
tho Uhitod States, dated March 109 1933, Secretary of treasury has issued
following regulation governing all banking institutions whether or not
licensed to carry on usual and normal functions by Secretary of Treasury
or appropriate Stato authority!
“HO braking institution shall permit any withdrawal
by any ?€>raon whoa such institution, acting ia ^ood faith, shall
doom tfr*t tb* withdrawal is intended for hoarding,
.Any b nking
instit tion, bofore permitting the withdrawal of l&r|p or un»
msual m oim U of currency, aey retire fra® tho person request
ing i»tuh withdrawal, a full statement under oath of tho purpose
for which tho currency is requested**
Eeleased to press as regulation 23*
Morrill
V
F
J
|z=l
.....
■
DECLASSIFIED
Reproduced from the Unclassified I Declassified Holdings of the National Archives
Authority £ p K> f)Q j
No.. 23
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE
MARCH 1 2 , 1933.
Under the authority conferred upon me by the P r e s id e n t’ s Proclamations
of March 6th and March 9th and Executive Order of the President of the
United States, dated March 1 0 , 1 9 3 3, I hereby issue the following regula
tion governing a ll Banking In stitutions whether or not licensed to carry
on usual and normal functions by the Secretary of the Treasury or appropriate
State authority:
"No banking in stitu tio n shall permit any withdrawal by any
person when such in s titu tio n , acting in good f a it h ,
that the withdrawal is intended for hoarding.
shall deem
Any banking
in s titu tio n , before permitting the withdrawal of large or un-*
usual amounts of currency, may require from the person request
ing such withdrawal, a fu ll statement under oath of the purpose
for which the currency is requested,"
W, H..W OODIN ,
Secretary of the Treasury.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
— —
DECLASSIFIED
I Authority £ p \o SO \
No. 23
TREASURY DEPARTMENT
FOB IMMEDIATE RELEASE
MARCH 1 2 , 1933.
Under the authority conferred upon me by the P re sid e n t’ s Proclamations
of March 6th and March 9th and Executive Order of the President of the
United States, dated March 1 0 , 193 3,
I hereby issue the following regula
tion governing all Banking In stitutions whether or not licensed to carry
on ujsual and normal functions by the Secretary of the Treasury or appropriate
State authority:
(2 3 )
"No banking in s titu tio n shall permit any withdrawal by any
person when such in s titu tio n , acting in good fa it h ,
that the withdrawal is intended for hoarding.
shall deem
Any banking
in s titu tio n , before permitting the withdrawal of large or un
usual amounts of currency, may require from the person request
ing such withdrawal, a fu ll statement under oath of the purpose
for which the currency is requested."
W.- H. W00DIN,
Secretary of the Treasury.
Reproduced from the Unclassified I Declassified Holdings of the National Archives
§
y
''*
' ___
I
DECLASSIFIED
I Authority £t> JO 5 0 \
F o r m 1481)
TELEGRAM
FED ERAL R ESE RVE B O A R D
W A S H IN G T O N
Harah 13, 19S3.
Youngs - Boa ton
Harrison - Jtasu Yorfc
Horris - Philadelphia
ifaachar - ClavalaM
3©ay - HIehsaand
Black - Atlanta
i'io D o ^ a l -
J h ie a g o
Martin - St. Louis
Cieary - I&nneapolls
Hamilton * Kansas 01 ty
Ite&inney - Dallas
Oalkins - 3&n Francis eo
Under authority conferred upon him by President's proclamations
TkW-3
of liareh § and 9, 1935, declaring and continuing bank holiday, Secretary of
Treasury has mrnmittil iiogulatlna 28, no that tha first paragraph thereof
shall read as follows:
"All Federal land banks, Padsral Intenaacliat© credit
banka, joint stock land banks, Federal h<m loan banks,
♦
Corporations or*palaed undor Section 35(a) of the Federal
Heaarra Act, regional a;p?i cultural credit corporations and.
tha Heconstrue tion finance Corporation are hereby pemlttad
to open at 9 o’ clock, a. m , Monday, ££areh 13» 19&3, to
perform their usual banking £Unotions eaccapt %o tha extent
prohibited by tha exsautlve ordar of tha President of the
United States, issued Maroh 10, 1953, by federal or State
law, or as soay hereafter be limited op prohibited by
reflatio n s prtnml^atad by the Oaeratary of the i*raasury*”
Dhis mandment raloaood to press.
Morrill.
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £Q\o 5 0 1
TREASURY DEPARTMENT
Amendment to No. 22.
FOR IMMEDIATE RELEASE,
MARCH 1 3 , 1933.
Regulation No.
22
issued March 1 1, 1 9 3 3 , under the authority
conferred upon me by the P re side n t’ s proclamations of March 6 , 1933
and of March 9 , 1 9 3 3 ,
declaring and continuing a bank holiday is
hereby amended so that the fir s t paragraph thereof shall read as
follow s:
"A ll Federal land banks, Federal intermediate credit
banks, joint stock land banks, Federal home loan banks,
Corporations organized under Section 2 5 (a ) of the Federal
Reserve A c t , regional agricultural credit corporations and
the Reconstruction Finance Corporation are hereby permitted
to open at 9 o ’ clock, a. m ., Monday, March 1 3 , 1 9 3 3 , to
perform their usual banking functions except to the extent
prohibited by the executive order of the President of the
United States, issued March 1 0 , 1 9 3 3 , by Federal or State
law, or as may hereafter be lim ited or prohibited by
regulations promulgated by the Secretary of the Treasury."
W. H. WOODIN
Secretary of the Treasury,
Reproduced from the Unclassified I Declassified Holdings of the National Archives
d e c l a s sif ie d
Authority £ 0 \ 0 S O 1
TREASURY DEPARTMENT
Amendment to No. 22.
FOR IMMEDIATE RELEASE
MARCH 1 3 , 1933.
Regulation No. 22 issued March 1 1 , 1 9 3 3 , under the authority
conferred "upon me by the P r e s id e n t's proclamations of March 6 , 1933
and of March 9 , 1 9 3 3 ,
declaring and continuing a bank holiday is
hereby amended so that the fir s t paragraph thereof shall read as
follows
"A l l Federal land banks, Federal intermediate credit
banks, joint stock land banks, Federal home loan banks,
Corporations organized \mder Section 2 5 (a )
of the Federal
Reserve A c t , regional agricultural credit corporations and
the Reconstruction Finance Corporation are hereby permitted
to open at 9 o 'c lo c k , a, m ., Monday, March 1 3 , 1 9 3 3 , to
perform their usual banking functions except to the extent
prohibited by the executive order of the President of the
United States, issued March 1 0 , 1 9 3 3 , by Federal or State
law, or as may hereafter be lim ited or prohibited by
regulations promulgated by the Secretary of the T reasury .”
W. H. WOODIN
Secretary of the Treasury.
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £DjO 5 0 1
TELEGRAM
FEDERAL RESERVE BOARD
W A SH IN G T O N
&arch 12, 1953*
Young - Boston
Harrison - New York
Norris - Philadelphia
Fancher - Cleveland
TRANS.
I (d Cj &>
Seay - Richaond
Black - Atlanta
MeDougal - Chi oago
Martin - St* Louis
Qeery - Minneapolis
Hamilton - Kansas City
McKinney - Balias
Calkins - San Francisco
Under authority conferred upon him by the President* s
Proclamations of March 6 and 9 , 1933, declaring and continuing bank holiday,
the Secretary of Treasury has issued the following regulation:
"All Federal land hanks, Federal intermediate credit hanks,
joint stock land hanks, Federal home loan hanks, regional agricultural
credit corporations and the Reconstruct!on Finance Corporation are hereby
permitted to open at 9 o* clock, a. au, Monday, March 13, 1932, to perform
their usual banking functions except to the extent prohibited by the execu
tive order of the President of the United States, Issued March 10, 1933, by
Federal or State law, or as say hereafter be limited or prohibited by regu
lations promulgated by the Secretary of the Treasury*
"This permission, as to each of the foregoing banking institutions,
m y be reYoked in whole or in part by the Secretary of the treasury at any
time, and is granted as to each such Institution upon the expresa condition
that such institution shall deliver, within thirty days from the date here
of, to the Treasurer of the United States or to a Federal Reserre Bank or a
Federal Reserve branch bank of the district in which it is located, all gold
coin, gold bullion and gold certificates owned by it , and receive payment in
credit jor la other forms of coin or in currency*1*
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £Q \Q 5 0 1
U n o ,
No. 22
TRIASUSY »Jffi1MENT
FOR BMEDIATE M im S l
MARCH 1 1 , 1933.
Under the authority conferred upon him "by the President' s Proclamations
of March 6 , 1 9 3 3 , and of March 9 , 1933, declaring and continuing a hank
holiday,
the Secretary of the Treasury has issued the following regulation*
11
A ll Federal land hanks, Federal intermediate credit banka,
joint stock land banks, Federal home loan hanks, regional ag ri
cultural credit corporations and the Reconstruction Finance
Corporation are hereby permitted to open(at 9 o 1 c l o c k ,)a . m .,
Monday, March 13, 1933,
to perform their usual banking functions
except to the extent proh ib ited by the executive order of the
President o f the U n ited States, issued March 10,
1933., by
^Federal or State lawy or as may hereafter be lim ited or prohibited
by regulations promulgated by the Secretary of the Treasury.
"This permission, as to each of the foregoing banking in s t i
tutions, may be revoked in whole or in part by the Secretary of
the Treasury at any time, and is granted as to each such in stitu
tion upon the express condition that such in stitu tio n shall
d eliv e r, w ith in thirty days from the date hereof,
to the Treasurer
of the United States or to a Federal Reserve Bank or a Federal
Reserve branch bank of the d is t ric t in which it is located, a l l
gold coin, gold b ullio n and gold c e rtific a te s owned by i t , and
receive payment in credit or in other forms of coin or in
currency.w
OECLASSIFIE
Reproduced from the Unclassified I Declassified Holdings of the National Archives
Authority
TREASURY DEPARTMENT
£Q\Q5 0
1
FOR IMMEDIATE RELEASE
MAROH 11, 1933. .
Under the authority conferred upon him by the President*s
Proclamations of March 6 , 1 9 3 3 , and of March 9 , 1 9 3 3 ,
declaring
and continuing a bank h oliday, the Secretary of the Treasury
has issued the follow ing regulation:
"Banking institutions which are not members of
the Federal Reserve System or organized under the
laws of the United States and which are not under
the immediate supervision of any State authority may,
on and after March 1 3 , 19 3 3 ,
and usual functions,
carry on their normal
except as otherwise prohibited
and except that no such in s titu tio n shall pay out
any gold coin,, gold bullion or gold c e r t ific a t e s ,
unless authorized by the Secretary of the Treasury,
nor allow withdrawal of any currency for hoarding,
nor engage in any transaction in foreign exchange
except such as
rmy
be undertaken for legitim ate and
liormal business requirements, for reasonable traveling
$.nd other personal requirements, and for fulfillm ent
<j>f contracts entered into prior to March 6 , 1 9 3 3 .H
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority
£pjO
1
N o.
TREASURY DEPARTMENT
21
FOR IMMEDIATE RELEASE
MARCH IX , 1933.
Under the authority conferred upon him "by the P r e s id e n t’ s
Proclamations of March 6 , 1933, and of March 9,
and continuing a ‘bank h oliday,
has i S
")
P .fl t he—£a l l^w4
1933, declaring
the Secretary of the Treasury
-...
1^
w
"Banking institutions which are not members of
the Federal Reserve System or organized under the
laws of the United States and which are not under
the immediate supervision of any State authority may,
on and afte r March 13,
1933, carry on their normal
and usual functions, except as otherwise prohibited
and except that no such institution shall pay out
any gold coin, gold b u llio n or gold c e r tific a te s,
unless authorized by the Secretary of the Treasury,
nor allow withdrawal of any currency for hoarding,
nor engage in any transaction in foreign exchange
except such as may be undertaken for legitimate and
normal business requirements, for reasonable traveling
a n ^'^th e r nflrs«nal requirements, and for fulfillm ent
&cis5*ntered into prior to March 6, 1933.,f
Reproduced from the Unclassified I Declassified Holdings of the National Archives
*
~
*
d e c l a s sif ie d
Authority £O lO 6 0 1
F o r m 148 b
TELEGRAM
i+ l 0 , 1 FEDER A L RESERVE B O A R D
W A S H IN G T O N
s-rch 1 2 , 1933*
f a w ig •
B o s to n
Harrison - Hew York
Korris - i hil?*&el hia
ftuieher - lileveland
*5e«y - Richmond
j&ack • &tlanta
M eD ou^ fld •
C h ie a g s
Martin - 3t« Louis
IfciU&s* JLMjL-T vnAax authority ©oaferred
Geory • Miaasanoli*
llm ilto n • Kansas Dity
Mdisney - Dallas
Calkins - ’J&n rnciaco
him “by the President1 s
proclamations of ^arcsh 6 th and 9th, 1033, declaring and c^ntinniag
hank holiday, the Secretary of treasury has issnad tha following
r e g u la tio n
J
institutions fchidi are not laeefcers of the
?ederal -eserve %st©m or organised nadar the laws of the
United states and which are not under the imuediBt© sttpervision of any £tate authority /nsy* on and aftor iferch IS,
1983, carry oil their m v m l and mxmX functions, excerpt as
otherwise prohibited and except that no auch institution
shall ^ay out any ^old coin, gold bullion or gaid certificates,
unless aut3:iori*ed hy the iocret&ry o f the tCreasary, nor allow
withdrawal of any currency for hoarding, nor eo&igt in any
transaction In foreign exchange except such as m y he under
taken for iegltisaate end noraal business requirements, for
reasonable traveling and other personal reqdtaseumts, sad
,
for fulfllliaent of contmcts entered into prior to fclnrch 6
1933*tt
SHC/afch
E ele*
1 1 is
loa 2 1
Reproduced from the Unclassified I Declassified Holdings of the National Archives
d e c l a s sif ie d
Authority
£ t> \ Q
f) Q
I
F o r m 1 1 8 Tb
TELEGRAM
H
i
o ,
FEDERAL RESERVE BOARD
W A S H IN G T O N
Wtmik U 9 1939*
Gurttee - Tea&g - Borton
Caee - Harris©* - Ilev loik
A&stlB - Norris -Fhtlidalj^ift
DeCaap - Fanflfeer - Cleveland
Hoxton • seay - Rtebwmd
Hewtoa - Blaek - Atlanta
Stomas * MeBotigal - CMetgt
Weed - Uartli ~ St* Louie
Bailey - diftvr - Hlnaeapolle
Iftc<ti* - iuiltCK • Kanaea City
feleli —MeKla&ey «
Hevtoa - Calkiiie - Sen Traneiee*
Uwiar authority s o n l lm l upon M s Ijr the Preeidentf e
W U H S.
Proelenatiene of Marck 6 and 9, 1939, declaring and MftUnlai feank kellday,
the Secretary o f tfce Treaeary hat Imam*. the followla* regulation:
•All M ot*1 itn vvi feeake and tfeair I n h I h
and age&elee aay open Uarefe IS, 1933, and any m ala
efien far Hi# perfornenee o f fOtl usual end noroal ¥»ii|ilritlltg
fmmtimm exeept ee piiblHIM l r tbt Executive Order 1earned
by tte Preaident on Hare* 10, 1999, end asp farther or&ere or
zvgialet&eno in m not leaned**
Beleaaed to tba preee as regulation 99«
2— 9464
Reproduced from the Unclassified I Declassified Holdings of the National Archives
— —
•
--------- -
DECLASSIFIED
I Authority £fc>K> 5 0 1
No. 20 .
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE,
MARCH 1 1 , 1 933 .
Under the authority conferred upon him by the P re side n t’ s
Proclamations of March 6 , 19 3 3 , and of March 9 , 1 9 3 3 , declaring
and continuing a bank holid ay , the Secretary of the Treasury
has issued the follow ing regulation:
"A l l Federal Reserve Banks and their Branches
and Agencies may open March 1 3 , 1933, and may remain
open for the performance of a l l usual and normal
banking functions except as prohibited by the
Executive Order issued by the President on March
1 0 , 1933 and any further orders or regulations
hereafter issu ed . 11
»nr"BP’
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £ p \Q 5 O 1
*
No. 20
TREASURY DEPARTMENT
JOH IMMEDIATE RELEASE
MARCH 11, 19 33.
Under the authority conferred upon him by the P re sid e n t’ s
Proclamations of March 6 , 1 9 3 3 , and of March 9,
and continuing a hank holiday,
1933, declaring
the Secretary of the Treasury
has issued the following regulation:
’’A l l Federal Reserve Banks and their Branches
and Agencies may open March 13, 1933, and may remain
open for the performance of a l l usual and normal
hanking functions except as prohibited by the
Executive Order issued by the president on March
10, 1933 and any further orders or regulations
hereafter i s s u e d .”
R eproduced from the U nclassified
DECLASSIFIED
I D eclassified H oldings of the N ational A rchives
Authority £ t>
F o rm
148 b
5O j
TELEGRAM
FEDERAL RESERVE BOARD
W A S H IN G T O N
March 12, 1933.
fmtig, Hsrrliso® ~ He* Cork
Ktarrfc* ■*
fm & m $ - Cleveland
i
^
~ tichroond
lls*«Jc * MXti&ta
i®D©^tX *
Uartln - $%*
Under authority conferred upon him I f the ?re®id«nt*#
ProelazasiUcma of $£&*«&* 6th j*m& 9 t h , 1933,
k a l id ^ * the
and coatiouing b?ja)c
of the treasury fete issued the following r®@al&ti®»t
*laee*$% m
w w
gafelaJ&itosrft
law*
w m r® %.m t h e ir m m ml- and m m &
functions la.
of b ila te ra l held ^
or eaeh of equal or
sabstitution for or release
thea, provided other collateral
v&lus i* received 3jq
i&0fcMai$v t h e r e f o r ."
ielaseed 'te'tise phftfc « • ref&lati®©. I f *
S&ami&iMi «** t&&w w Olty
heKinney - Balias
feJUcta® * Sea Brw<sia<s©
Morrill
ir w a r
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £P \Q 5 0 |
m
o
No. 19,
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE
MARCH 11, 1933*
Under the authority conferred upon him "by the P residents
Proclamations of March
6,
1933, and of March 9 , 1933, declaring
and continuing a ‘bank holiday, the Secretary of the Treasury
has issued the following regulation:
11
Except as otherwise prohibited by law, hanking
institutions may exercise their normal and usual
functions in permitting substitution for or release
of collateral held by them, provided other collateral
or cash of equal or greater value is received in exchange
therefor .11
*
DECLASSIFIED
the Unclassified I Declassified Holdings of the National Arcmveb
Authority £0\0 5 0 1
No. 19
TREASURY DEPARTMENT
FOR B5M1DIATE RELEASE
MARCH I I , 1933.
Under the authority conferred upon him by the President’ s
Proclamations of March
6,
1933, and of March 9, 1933, declaring
and continuing a bank holiday, the Secretary of the Treasury
hAn
tiTir f-»Tmi-tnr — rril ~
i1~i nni
(H )
f,Except as otherwise prohibited by law, banking
institutions may exercise their normal and usual
functions in permitting substitution, for or release
of collateral held by them, provided other collateral
or cash of equal or greater value is received in exchange
therefor.,f
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £Clo f)C \
F o r m 148 b
T E LE G RAM
FED ERAL R E SE RVE B O A R D
WASHINGTON
M a i** 1 1 , 1 * 3 3 .
Y o«ng * Boston
H a r r is o n - Bee York
S w r l # - P h il a d e l p h ia
? a a c h e r - C le v e la n d
VM M ,
Se ay - Bicfewend
S la c k - A t la n t a
ItoDongal - C hicag o
M a r t in - S t .L o u i s
G eery - M in n e a p o lis
H am ilto n - K an sas C it y
M cK inney - D a lla s
C a lk in s - S a n F ra n e is e o
U nder a u t h o r it y c o n fe rre d upon M s b y p r e s id e n t 9 a P r o d a n a t i o n s
o f M arch •
« d
I,
1 9 3 3 , d e c la r in g and c o n t in u in g bank h o l id a y , S e c r e t a r y o f
T r e a su ry h as is s u e d fo llo w in g r e g u la t io n :
" A l l b a n k in g in s t it u t io n s a r e hereby a u t h o r iz e d to
e u b e e r ib e and pay f o r an y U n it e d s t a t e s Governm ent
o b lig a t io n s d t ie h n a y be o ff e r e d f o r s u b s c r ip t io n and s a le
b y tbs S e c r e t a r y o f the T r e a s u r y ,
F e d e r a l Beserv e Banks
m y e arry e a sueh t a c t i o n s a s a a y be n e c e s s a r y to
fa c ilita t e
such t ra n sa c tio n s a s axe a u t h o r is e d by t h is
r e g u l a t io n .
" A l l f e d e r a l R eserve Banks are a u th o rise d to r e d e e a
m atured o b l ig a t i on a o f the U n it e d S t a t e s and to e aah
coupons p ro v id e d
m
g o ld o r go ld c e r t i f i c a t e s s h a l l be
p a id o a t ."
K e lea so d t o p r e s s a s R e g u la tio n I B *
ha
M e r r ill
to red
■w#
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £Q \Q 5 0 1
No. 18
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE
MARCH 11, 1933.
Under the authority conferred upon him "by the P residents
Proclamations of March
6,
1933, and of March 9, 1933, declaring
and continuing a hank holiday, the Secretary of the Treasury
has issued the following regulation:
"A ll "banking institutions are hereby authorized to
subscribe and pay for any United States Government
obligations which may he offered for subscription and
sale by the Secretary of the Treasury.
Federal Re
serve Banks nay carry on such functions as may be
necessary to facilitate such transactions as are
authorized by this regulation.
’’All Federal Reserve Banks are authorized to
redeem matured obligations of the United States and
to cash matured coupons provided no gold or gold
certificates shall be paid out."
Reproduced from the Unclassified I Declassified Holdings of the National Archives
d e c l a s s if ie d
Authority £Q \0 5 0 |
No. 18
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE
MARCH 11, 1933.
Under the authority conferred upon him "by the President’ s
Proclamations of March
6,
1933, and of March 9, 1933, declaring
and continuing a ‘bank holiday, the Secretary of the Treasury
has issued the following regulation;
11All
tanking institutions are hereby authorized to
subscribe and pay for any United States Government
obligations which may be offered for subscription and
sale by the Secretary of the Treasury.
Federal Re
serve Banks may carry on such functions as may be
necessary to facilitate such transactions as are
authorized by this regulation.
"All Federal Reserve Banks are authorized to
redeem matured obligations of the United States and
to cash matured coupons provided no gold or gold
certificates shall be paid out."
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £t> \Q
F o r m 118 b
TELEGRAM
U f l O .- 'S
FEDERAL RESERVE B OA R D
Young - Boston
Soay * lildteaoBd
E arrlao n - He® Toark
Black - a tl carta
Harris - Philadelphia
HoBcmgal - Jiioa^o
£taeter • Olsvslmd
iBfertik - St. -Louis
Geszy * Hi2u*mpolis
Hamilton - Kansas City
UssKinasy - Dallas
Oal&ins - 3 m Fra&eisoo
M « p authority stnfanted upon him by £vssld«at*8 prostata t ions
of Liareh 6 and 9 , 1953t dsolnriss and continuing bank holiday, Seorotazy of
3*aasury lias Issued following r e fla t io n :
"Any banking institution way, when the owners
consent tbasreto, pay checks issued prior to fttereh 0 ,
1933 and r^ceivM in due course ot business by the
drawss banking; institution, %
charging the* ssoimts
to tits accounts of the drawer-, and crediting
mtik aisounts to tbe aoaounts of such oimar* on the
books of the dmssm banking institution.”
Released to press as Regulation 17.
--- m* ■
%
fPSPXllXt
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £Q \Q 5 0 1
M
No. 17
TREASURY DEPART MOT?
FOR I MEDIATE RELEASE
March 10, 1933.
Under the authority conferred upon him "by the President’ s
Proclamations of March
6 and
of March 9, 1933, declaring and
continuing a hank holiday, the Secretary of the Treasury has
issued the following regulation:
"Any banking institution may, when the owners
consent thereto, pay checks issued prior to March
6,
1933 and received in due course of business by
the drawee banking institution, by charging the amounts
thereof to the accounts of the drawers and crediting
such amounts to the accounts of such owners on the
books of the drawee banking institution,”
W
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £Q l€> f)Q \
No. 17
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE
March 10, 1933.
Under the authority conferred upon him by the P resid en ts
Proclamations of March
6 and
of March 9, 1933, declaring and
continuing a "bank holiday, the Secretary of the Treasury has
issued the following regulation:
MAny banking institution may, when the owners
consent thereto, pay checks issued prior to March
6,
1933
and received in due course of business by
the drawee banking institution, by charging the amounts
thereof to the accounts of the drawers and crediting
such amounts to the accounts of such owners on the
books of the drawee banking in s titu tio n .”
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £ p
50 1
COPT
No. X?
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE
March 10, 1955.
Under the authority conferred upon him hy the President’ s
Proclamations of March 6 and of March 9 , 1955, declaring and
continuing a hank holiday, the Secretary of the Treasury has
issued the following regulation:
"Any banking institution may, when the owners
consent thereto, pay checks issued prior to March
6 , 1955 and received in due course of business by
the drawee banking institution, by charging the amounts
thereof to the accounts of the drawers and crediting
such amounts to the accounts of such owners on the
books of the drawee banking institution.1*
Initialed by:
J .P .D .
J .J .H .
J .H .D .
C.M.
F .R .H .
Reproduced from the Unclassified I Declassified Holdings of the National Archives
d e c l a s sif ie d
Authority £ & \Q f)Q I
vv
F o r m 148 b
TELEGRAM
m
o .
FEDERAL RESERVE BO ARD
WASHINGTON
feroh W §
1933
Sautf&mm * ftar York
gm y *
M m fc <■ A tl*»t*
Korrl* *
McDcnagRl - CM «a«o
$m im ■* t©
- C1 *v*laaA
TIUHS S0# .nr,.;
IMtlm
s%.
B M d lto a * Ksmea* 0 2 %
Meitos«gr *
Calkins - Baa Fr&ncl«©o
.. r Eegolatiott of Secr*t*ry .of Trm im rj contained Trane lo , 1602
r^leasod to pros* as Eegulation ( l 6) .
KcClelland
FDLE
FY
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £tP fc> fjO j
F o r m 1481)
TELEGRAM
FEDERAL RESERVE BOARD
WASHINGTON
L flO <
Muroh 10, 1933.
HsBoagal ■
* lM e a g &
Geery - Klnaeapolis
isailto a * Kansas City
Moi&miay ^ Dallas
Martin - at* Louia
dt&Mus * San
Young ~ Boston
'Bwy - Richaond
gatrison *
Yoae*
Korria » Philadelphia
J*iui©ftar * Clare land
Black * Atlanta
Under authority oonferred upon his by President* a
Proclamation of Mareh ©# 1933, aa • standad, declaring bank holiday, Secretary
of Treaaury ha a |a*a#4 follow tag regulation:
*AXI banking last! tutiona are
hereby authorized to talc®' mtmh steps and carry through sueh transactions aa
nay be neeeaaary t# eomplete for their own account, or tha account of their
cua tamers, payment on m y subscriptiona for Treaaury bills of tha United
State* for *kl«fc payment was due on Ham h 6, IS3 3".
McClelland,
Reproduced from the Unclassified I Declassified Holdings of the National Archives
— —
-------— — — — ---------- .
DECLASSIFIED
Authority £Q \Q fjO 1
m
o
t -v
No. 16.
TREASURY DEPARTMENT?
FOR I MEDIATE RELEAS7
MARCH 10, 1933.
Under the authority conferred upon him by the P r es id e n ts
Proclamation of March 6, 1933, as extended, declaring a bank holiday,
the Secretary of the Treasury has issued the following regulation:
,!A11 banking institutions are hereby
authorized to take such steps and carry through
such transactions as may be necessary to complete
for their own account, or the account of their
customers, payment on any subscriptions for
Treasury bills of the United States for which
pajnnent was due on March 6, 1933,"
W. H. WOODIN
Secretary of the Treasury.
"
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £ t? K> S O j
«
No. 16.
TREASURY DEPARTMENT
FOR I MEDIATE RELEASE
MARCH 10, 1933.
Under the authority conferred upon him by the President’ s
Proclamation of March 6, 1933, as extended, declaring a hank holiday,
Q V )
"All hanking institutions are hereby
authorized to take such steps and carry through
such transactions as may be necessary to complete
for their own account, or the account of their
customers, payment on any subscriptions for
Treasury bills of the United States for which
payment was due on March 6, 1933."
W. H. WOODIN
Secretary of the Treasury.
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £t~ lo 5 O I
F o r m H 8 1)
TELEGRAM
FEDERAL RESERVE BOARD
WASHINGTON
M
a r
»* “ ® *
u i t a
ClawlMd
Otlnga
Kansas Oltr
fern***
8Mir
m e % i*
M i w r
* •» Torts
Bishaaal
S t. Lania
Dallaa
KU«9t
Atlanta
a«wy
Klimeapafcla
a»ivtm«
3an frutciM*
SU M . * • .
Badaff iatkoritr eoaf«rr«d q w U a tgr ttt fm U M t ') jtreeXaMrtlaa «f
•M k 6, 1933, (M Urlif i tuk tmtUmf, Saeratarjr of ftMiaqr tea laauad
r e la t io n :
f
QOOTE
2h»
g r a a t c d l a R e g u la t io n Xvriter
tlaa* < U p o «it* hm aftotm r*
baairtac l a » U t u t i o n p a r *u »n t U
ignwiHi «r X«£isXaUv« authority ?rpriding £#jr #«er«£sfci0*i &«4 rew»mS
wSSbswk
®®jr Imi psiA
**y- In m Ic. I k
mi
mmmrtmmi «itl* fcgfc esmaweS #r l**i*la*i**
m>
BliW/sad-
/r-
FULEl
o
w^
# Ii
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
I Authority £ Q H> f jO j
P\
r\
Y
(Z r r ^
033m
8
PM
12 ' 6
Totaig
Boston
Pancher
Cleveland
U d fc ife 8. W 3 3 .
Chicago
Hamilton
Kansas City
Harrison
Mew York
tfeay
HiehnoDd
Martin
St. Louis
McKinney
Dallas
Morris
i*lacfc
Oooiy
*hiladslphia
Atlanta
Minneapolis
Calkins
San Francisco
n
Trans, Ho.
tfnder authority conferred upon hia by tha President* s proclamation of
March 6 , 1933, declaring a bank holiday. Secretary o£ Treasury has issued
following regulations
the permission granted in Regulation Kumber
7 that deposits heretofore received by ny baakiog institution pursuant to
a&reeoent or legislative authority providing for segregation and repayment
without restriction saay be paid oa daaaiid, includes any bank in which any
such deposits have bean redepositad by or on behalf of the receiving bank in
accordance with Such agreement or legislative anthooity* U1K#JU2!K
MOilklLL
BMW/sad
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £t~ \Q f)Q 1
Ho. 15
TREASrTRY DEPARTME?TT
FOR IMMEDIATE RELEASE
March 8, 1933*
Under the authority conferred upon him by the President’ s
Proclamation of March 6, 1933» declaring a "bank holiday, the
Secretary of the Treasury has issued the following regulation:
"The permission granted in Regulation ITumber
7
that
deposits heretofore received by any banking institution
pursuant to agreement or legislative authority providing
for segregation and repayment without restriction may
be paid on demand, includes any bank in which any such
deposits have been redeposited by or on behalf of the
receiving bank in accordance with such agreement or
legislative authority."
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £Q \Q 5 0 1
/
Ho. 15
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE
March 8 , 19133•
Under the authority conferred upon him "by the P resid e n ts
Proclamation of March 6, 1933, declaring a bank: holiday, the
Secretary of the Treasury has issued the following regulation:
(ts)
"The permission granted in Regulation Humber 7 that
deposits heretofore received by any banking institution
pursuant to agreement or legislative authority providing
for segregation and repayment without restriction may
be paid on demand, includes any bank in which any such
deposits have been redeposited by or on behalf of the
receiving bank in accordance with such agreement or
legislative authority.”
■as?
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £P \Q 5 0 \
/
no,
TREASURY DEPARTMENT
15
FOR IMMEDIATE RELEASE
March. 8, 19G3.
Under the authority conferred upon him "by the P resid en ts
Proclamation of March 6, 1933, declaring a “bank holiday, the
Secretary of the Treasury has issued the follorriiig regulation:
,(The permission granted in Regulation Number 7 that
deposits heretofore received "by any banking institution
pursuant to agreement or legislative authority providing
for segregation and repayment without restriction may
"be paid on demand, includes any bank in which any such
deposits have been redeposited by or on behalf of the
receiving bank in accordance with such agreement or
legislative authority.M
Reproduced from the Unclassified / Declassified Holdings of the National Archives
d e c l a s sif ie d
Authority £ c \ o 5 0 f
TELEGRAM
FEDERAL RESERVE BOARD
W A S H IN G T O N
m arch ? ,
M cDov&l
f Bucher
tm m
M artin
H a r riso n
ieay
M m Tork
Hiafcuaoad
S t . Louis
S o r r is ■
B la c k
Oaary
klnn«ipoli*
PhiladUlphU
Hamilton
Kansas C ity
Clmr*l*ad
lip-^
1*33
Atlanta
•clinnay
San F ra n c isc o
Oadar a u th o rity c o n fe rre d t q »n h im by P re sid e n t* s p roclam ation d e c la r
ing
h o lid a y S a c re t&ry o f Treasu ry has la s t e d fo llo w in g r e g u la t io n !
.^fOSSI F e d e r a l r e s a r v e banks * r # a u th o rise d t# eondwsfc t & * i r n o raal
and u s u a l o p eratio n s as f i s c a l a g e n t* o f tbs U n it e d S t&te s in t r a n s a c
t io n s p e r t a in in g to tha exchange o f o b lig a t io n s o f the U n it e d S t a t e s ,
such
a* M aking exchange of d a c o o in a tio n a , exc h an g in g coupon fo r r e g is t e r e d
bonds,
and v ic e v e r s a , r e c e W i i ^ r e g is t e r e d bonds f o r transfer and a f f e c t
in g C .P .ii* t r a n s a c tio n s *
M o r r ill.
Reproduced from the Unclassified / Declassified Holdings of the National Archives
DECLASSIFIED
Authority £D IQ 5 0 I
Ho. 14*
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE
March 7, 1933.
Under the authority conferred upon him by the P residents
Proclamation of March 6, 1933, declaring a "bank holiday, the
Secretary of the Treasury has issued the following regulation:
"Federal reserve banks are authorized to
conduct their normal and usual operations as
fiscal agents of the United States in transactions
pertaining to the exchange of obligations of the
United States, such as making exchange of denomina*tions, exchanging coupon for registered bonds,
and vice versa, receiving registered bonds for
transfer and effecting G. P. D. transactions,H
Reproduced from the Unclassified / Declassified Holdings of the National Archives
DECLASSIFIED
Authority
TBEA.SURY DEPARTMENT
50 |
Ho. 14
FOR IMMEDIATE RELEASE
March 7, 1933*
Under the authority conferred upon him "by the P r e s id e n ts
Proclamation of March 6, 1933, declaring a "bank holiday, the
Secretary of the Treasury has issued the following regulation:
"Federal reserve banks are authorized to
conduct their normal and usual operations as
fiscal agents of the United States in transactions
pertaining to the exchange of obligations of the
United States,
such as making exchange of denomin
ations, exchanging coupon for registered bonds,
and vice versa, receiving registered bonds for
transfer and effecting C. P. D, transactions,”
________________________ ___________ _________
Reproduced from the Unclassified I Declassified Holdings of the National Archives
"W
DECLASSIFIED
Authority £Q \Q 5 0 1
/
TREASURY DEPARTMENT
No. 14
POE IMMEDIATE RELEASE
March 7, 1933.
Under the authority conferred upon him by the President1'
Proclamation of March 6, 1933, declaring a bank holiday, the
Secretary of the Treasury has issued the following regulation
”Federal reserve banks are authorized to
conduct their normal and usual operations as
fiscal agents of the United States in transactions
pertaining to the exchange of obligations of the
United States,
such as making exchange of denomin
ations, exchanging coupon for registered bonds,
and vice versa, receiving registered bonds for
transfer and effecting C. P. D. transactions.”
Reproduced from the Unclassified I Declassified Holdings of the National Archives
~
--------■-
DECLASSIFIED
Authority £t~ \Q
L
(
47
Form M S b
TELEGRA
FEDERAL RESERVE BOARD
WASHINGTON
,
<
Boston
C le T # la a d
Chicago
& * t 1» o b
Saajf
S * » Y o rk
jiichooad
Martin
S t . Louie
B m ri*
m ia d s l ja a l *
BlAQk
7
Ific&i&noy
B alias
Oeary
M l&B eap o lla
A t la n t a
"
H am ilton
K an sas C it y
M&Dotigal
? anchor
1m m
^.
San Francisa>
Ufcdor au th ority co®fe r r e d upon hip by Fresi&ant* s
proclamation declaring bank holiday Secretary o f
follow ing regu lation :
ia the
business of
r e g is tra r o f
assignee,
W
fraaaory has issued
Any banking in s titu tio n law fu lly
engaged
acting aa tru atao, ©xacutor, adm inistrator,
stocks
and bonds, tra n sfe r agent. guardian of
receiver* coasaittae o f e sta te s of lim atics , or ia
estates,
any
other fid u c ia ry capacity aay continue to tran sact sush business
to the normal
•aid
feusiftoas,
Secretary
oat
or
and usual
exeapt
manner; provided that ia the conduct o f
aa may
permit tad % other regulations of
o f tha frmmmry, tuch hanking in stitu tio n
permit the
shall not pay
withdrawal of coin or currency nor withdraw
any
tra a t or fid u c ia ry funds on daposlt with any other department of
lbs bank
F
W m O fB .
.
E COPT
tha
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £ p \Q 6 0 1
No. 13
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE
March 7, 1933.
Under the authority conferred upon him by the President’ s
Proclamation of March 6, 1933,
declaring a bank holiday,
the
Secretary of the Treasury has issued the following regulation:
,fAny banking institution lawfully engaged in the
business of acting as trustee, executor, administrator,
registrar of stocks and bonds, transfer agent, .guardian
of estates, assignee,
receiver, committee of estates of
lunatics, or in any other fiduciary capacity may con
tinue to transact such business in the normal and
usual manner; provided that in the conduct of said
business,
except as may be permitted by other regula
tions of the Secretary of the Treasury,
such banking
institution shall not pay out or permit the withdrawal
of coin or currency nor withdraw any trust or fiduciary
funds on deposit with any other department of the bank.!,
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £Q \Q $Q \
No. 13
TRE&SURY DEPARTLCEM!
FOR IMMEDIATE RELEASE
March 7, 1933.
Under the authority conferred upon him by the President’ s
Proclamation of March 6, 1933, declaring a bank holiday , the
Secretary of the Treasury has issued the following regulation:
.......... .
-v
'•Any banking institution lawfully engaged in the
business of acting as trustee, executor, administrator,
registrar of stocks and bonds, transfer agent, guardian
of estates, assignee, receiver, committee of estates of
lunatics, or in any other fiduciary capacity may con
tinue to transact such business in the normal and
usual manner; provided that in the conduct of said
business, except as may be permitted by other regula
tions of the Secretary of the Treasury, such banking
institution shall not pay out or permit the withdrawal
of coin or currency nor withdraw any trust or fiduciary
funds on deposit with any other department of the bank,
Reproduced from the Unclassified / Declassified Holdings of the National Archives
DECLASSIFIED
Authority £t~ \
Qf)Q j
T E LEG ft AM
4
FEDERAL RESERVE BOARD
W A SH IN G TO N
WmrnJeitfjjDL
o « x t ***kr
** a n
£&*<& * JLtlft&t*
Mcrrim - Pfcllfc&olpkl*
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of Itonk % 1W&, Aooiftrta* • bosk holiday, tb» am m rm tm rr of tho
T rM m r iMi'
tfco M H H t i l » f lotto— :
qfcoto Cloarin* fcou*o osftoelotloso
sfltil. o\}kut oooooiatl ooo OMtfl&lxoA to tinnrldt am tiim m la It u t n n d BaHmt Af
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1« 33, vltfeoot tte ooauoKt o t tla Soojpotoyjr of tk® TfMMHyy oAdjco^a^fl. iio ttM
n lo o rlli t e u or
oonrnrlatloo »■»»**<»■ ».#> Iamb* aaafe ■■ t i i f i i j t a ■ '*«at
jfturthuf pro^rt&odl t t e t IftSB goCTtxtwi *oy W zorolcod i s th t f f t t t »k*» ^ oitlcaMX
m) immk ♦jjo .M
M
feAM
fc
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^
^
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED'
Authority ££~ K> 5 0 1
FOE BM SDU TE W L & m
Under the au th ority conferred upon him by tho President’ s proclama
tion o f March 6 , 1933, declaring 6 bank holiday, tha Secretary o f tha
Treasury haa issued tha following regu lation s:
’’Clearing house associations and other associations or
ganised to provide an adequately aeeured aadiu m of temporary
exch&nge, are hereby parai tted to issue c e r tific a te s against
sound aaaate of banking in s titu tio n s , such c e r tific a te s to ba
d e liv tre b le by each in a titu tio n to it# cred ito rs and depositors
on a prorata
b asis, provided, however, that no such e e rtifio a te e
shrill ba laauad before Friday, ?.‘erch 10, 1933, without tha con
sent of
the iioeretary of tha Treasury eddreesed to th© clearing
house or other
and
usaoeiation proposing to issue such o e r t i f teatas,
fu rth e r provided that th is permission may ba revoked in the event
that a national plan to meet tha existin g eaarganay la proposed
by
the Secretary of tha Treasury i f in hi a opinion the aueesss
o f such plan would be inconsistent with tha operation of tha c e r
t i f i c a t e plan,**
U
J
y
:
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority
£Q\Q5 0
\
110 .
Ho* 12
TEEASUHY DEPiBTMOT
FOR IMMEDIATE RELEASE
March 7t 1933 ,<
Under the authority conferred upon him by the President*s procla
mation of March 6, 1933, declaring a hank holiday,, the Secretary of the
Treasury has issued the following regulations:
nClearing house associations and other associations or
ganized to provide an adequately secured medium of temporary
exchange, are hereby permitted to issue certificates against
sound assets of banking institutions,
such certificate to be
deliverable by each institution to its creditors and depositors
on a pro rata basis, provided, however, that mo such certificates
shall be issued before Friday, March 10r 1933, without the con
sent of the Secretary of the Treasury addressed to the clearing
house or other association proposing to issue such certificates,,
and further provided that this permission may be revoked in
the event that a national plan to meet the existing emergency
is proposed by the Secretary of the Treasury if in his opinion
tlfte success of such plan would be
i neon&ri rst ont
operation of the certificate plan*”
with the
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £ p \Q 5 0 j
No. 12
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE
March ? , 1933.
Under the authority conferred upon him by the P resid en ts procla
mation of March 6, 1933, declaring a bank holiday, the Secretary of the
Treasury has issued the following regulations:
—----— --- ,
Imill-- 1"'I'I|I'I|I,II'W
I H'Mwnrcii'ir'PTIir1!
( '> )
-Vi--,.---------- ..f.„. T|;)| ^ ^
♦
’Clearing house associations and other associations or
ganized to provide an adecjuately secured medium of temporary
exchange, are hereby permitted to issue certificates against
sound assets of banking institutions, such certificates to be
deliverable by each, institution to its creditors and depositors
on a prorata basis, provided, however, that no such certificates
shall be issued before Friday, March 10, 1933, without the con
sent of the Secretary of the Treasury addressed to the clearing
house or other association proposing to issue such certificates,
and further provided that this permission may be revoked in
the event that a national plan to meet the existing emergency
is proposed by the Secretary of the Treasury i f in his opinion
the success of such plan would be inconsistent with the'
operation of the certificate p l a n .”
...
Reproduced from the Unclassified I Declassified Holdings of the National Archives
— — -------— ■— —
l|t
■1
,1
— ~
DECLASSIFIED
Authority £D\0 5 0 1
TREASURY DEPARTMENT
No. 11
K)B IMMEDIATE RELEASE
March 7, 1933.
Under the authority conferred upon the Secretary of the
Treasury by the P r e s id e n ts Proclamation of March 6, 1933,
declaring a bank holiday, the Secretary of the Treasury
announces that any bank having a branch in a foreign country
may deposit collateral in the United States to secure ad
vances to such branch in a foreign country, provided such
transaction does not involve any transfer of credit from the
United States to a foreign country and any bank having a
branch in an insular possession of the United States may de
posit United States Government securities or other collateral
for a similar purpose when under the President’ s Proclamation
advances of local currency in the insular possession may law
fully be made.
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £Q \Q S O \
No, 11
FOH Iin.ISDIAITE 1ELEASE
March 7, 1933
T3M.SU2Y DEPARTMENT
Under the authority conferred upon the Secretary of the
Treasury by the President’ s proclamation of March 6, 1933,
declaring a bank holiday, the Secretary of the Treasury_____
■nfcfiiirr' ....
00
announces that
ly bank having a branch in a foreign country
may deposit collateral in the United States to secure ad
vances to such branch in a foreign country, provided such
transaction does not involve any transfer of credit from the
United States to a foreign country and any bank having a
branch in an insular possession of the United States may de
posit United States Government securities or other collateral
for a similar purpose when under the President’ s proclamation
advances of local currency in the insular possession m y lawfully be made*
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £ 0 ^ 0 5 ^ 1
TREASURY DEPARTMENT
No, 11
FOE IMMEDIATE RELEASE
March 7, 1933
Under the authority conferred upon the Secretary of the
Treasury by the President’ s Proclamation of March 6, 1933,
declaring a bank holiday, the Secretary of the Treasury
announces that any bank having a branch in a foreign country
may deposit collateral in the United States to secure ad
vances to such branch in a foreign country, provided such
transaction does not involve any transfer of credit from the
United States to a foreign country and any bank having a
branch in an insular possession of the United States may de
posit United States Government securities or other collateral
for a similar purpose v/hen under the President’ s Proclamati cn
advances of local currency in the insular possession may law
fully be made.
DECLASSIFIED
Reproduced from the Unclassified I Declassified Holdings of the National Archives
Authority £t>K> C}Q 1
L fl 0 $
Form TtBto
t e l e g
r
a m
FEDERAL RESERVE BOARD
WASHINGTON
Mtrofc
ywitflwr
Iw r ti
lUrrittm
OMjfy
'Mf.
1933,
I«w T*rk
01*r«laad
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s*a yr*aci*c*.
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IMMNI advft&oo to wtoh ^rtuk In »
o^rntry, j*rortdM «n&
»oU«a **•• *ot twniT* *»y *n»9f«r «f or*4it fr«* tht tnut#4 suim t«
ft <w»l|« eowtfcrr M l aagr M e terlaftrw u fe Is an U n lt r yMMMloa *f
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%* o*d*.
V1n.n 1
.1THI
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jji
DECLASSIFIED
Authority £C>lO 5 0 1
No. 10
TREASURY DEPARTME2IT
FOR IMMEDIATE HELEASS
March 7, 1933.
Under the authority conferred upon him "by the President’ s Procla
mation of March 6, 1933, declaring a bank holiday, the Secretary of
C/0J
wAny national or State banking institution may exercise
its usual banking functions to such extent as its situation
shall permit and as shall be absolutely necessary to meet
the needs of its community for food, medicine, other
necessities of l if e , for the relief of distress, for the
payment of usual salaries and wages, for necessary current
expenditures for the purpose of maintaining employment, and
for other similar essential purposes:
Provided, however, That
(1) Every precaution shall be taken to prevent hoarding or the
unnecessary withdrawal of currency; (2) No State banking
institution shall engage in any transaction under this
regulation which is in violation of State or Federal law or
of any regulation issued thereunder; (3) No national banking
association shall engage in any transaction under this section
which is in violation of any Federal law or of any order or
regulation issued by the Comptroller of the Currency; and (4)
Ho gold or gold certificates shall be paid out.
Each banking
institution and its directors and officers will be held
strictly accountable for faithful compliance with the spirit
and purpose as well as the letter of this regulation.n
j
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £ Q K> 5 0 |
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TELEGRAM
WAR ~
y
1933
FEDERAL RESERVE BOARD
W A SH IN G TO N
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FED ERAL R E SE RVE B O AR D
WASHINGTON
Page 2.
luu&lag institution aad Its iir*ctors
strictly accountable for faitkfal compliance
officer* *dll
w ith
%h» #p irU and jmr-
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po#» a# well as t&e l«tter of tfcds ragalaUoa. xm &QZ*.
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F o r m 1481>
TELEGRA
FED ERAL R ESE R V E B O A R D
WASHINGTON
March
Seay - Kie&soiid
Young - Boston
liable * Atlanta
MaBcra^al - CMoa^o
Marti* - it* Louis
Haffriftoa - Hew York
Morris • i'M IadelpM a
Ifaaehar - ClavalaaA
fS A »S .
10.
itss.
G-eery - l£tim©apoli«
HaaiXton - Kaaaaa City
Mc&ixmey • Dallas
- Staa Francisco
F o llo w in g statem ent by tha Se c retary o f the trea su ry
r e le a s e d to the p r e s s t h is afterao o at
t
"U a d e r th e teraa o f the 4c
o f Mardh 9 , I $ $ 3 , im mediate a c t io a lifts
b e e a takea b y tbs P r e s id e n t aad tbs S e c re ta ry o f tbs tre a su ry w h ic h s i l l
p o s s l b is tbs resum ption o f b r a k in g ops r a t io n s la s u b s t a n t ia l volume
at
very e a r ly
l a n d in g aucb re su a p tio a the v i t a l need
s f co»a a a l t i e s asast bs a s t .
A t te a t io a o f a l l b a a k la g i a s t i t a t l o & s I s s a l left to
l e g a l a t io a 10 w hich is s t i l l ia fo r s e
w hich a s
fa r
c o o p e ra tio n bstw sea feaaks l a d i f f e r e a t cosas&altles
re ad s
aake
a
date.
a
aad
asradti provides
aad
aa ^Hs«at
*Aay a a t io a & l o r State baakiag in a t l t a t io n may
e x e r c is e i t s u s u a l b a a k ia g function® to such s x t s a t a s
i t a s it u a tio n s h a ll perm it aad as s h a ll b s a b s o lu t e ly
a c c e ssa ry to a s s t tbs a e sd s o f i t s c o a a u a ity fo r fo o d ,
a s d i c l a s , o th e r a e c s s s l t l s s o f I l f s , f o r tbs r e l i e f
o f d i s t r e s s , f o r the p e y asat o f u su al s a l a r l s s aad w ages,
fa r a e e sssa ry curran t e x p e n d itu re s fo r the purpoae o f aaiat a l a ia g e a p lo y a e a t , aad fo r o th e r a i a i l a r e s s e n t ia l p u r p o s e s .
B a a k ia g in s t it u t io n s a a y c a rry out such tra n sa c tio n # ms aay
be ae e sssa ry to a i d b s a k la g i n s t l t a t l o a s la o th er c o a a u a it le s
to a s s t tha n e c e s s it ie s set fo r t h a b o v e .
F r o v ld e d , h ow ever,
th a t ( 1 ) e v e ry p r e s a u t ia a s h a ll be takea to p r e v e a t hoard la g
o r the a a asce ssa ry w ithdraw al o f c urren cy ; ( 2 ) So State baabla g In s t 1 t a t io a s h a ll savage i s any t r a n s a c tio n under t h is
re g u la t io n w hich i s la v io lm tio a o f S t a le o r fa d e r & l law or
o f a a y re &m latio a issu e d th e re u n d e r; ( 3 ) So . R atio n al b a n k in g
a s s a a la t io a s h a ll eagage i a aay t r & a s a c t io a oadsr t h is s e c t io a
w h ic h i s ia v io la t io n o f aay
F ed eral law or o f aay o rder or
r e g u la t io n is s u e d by the C o o p tro ile r o f the C urrency; aa d ( 4 )
lo go ld or g o ld c e r t i f i c a t e s s h a ll be p a id o u t .
Fach b » n k ia g
l a a t it u t io a aad it s d ir e c t o r s aad o f f ic e r s w il l b s h eld
a t r ic t l y ac c o a a ta b le fo r f a i t h f u l com pliance w ith the s p ir i t
aad puifiysw^a
f uar ' H w flu
r
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority ft' \ Q C} C {
TELEGRAM
FEDERAL RESERVE BO ARD
WASHINGTON
M&rck 1 0 , 1937
'fadar&l r«i«m baaha aay carry oa
tm m ttm * «i
■ay ba naca«*i»xy to facilitata traa*actioa« authori*ad by thia
' Im ordar to m i l * vaafear ban** of tha Fadaral r«* «m
•yata* to mm% tha tttii of thair reapaatiTa ccwuaitU* to
tha txUvt author1sad by thia r*«ttl*tloa Fadar*! raaarra' baaka
■ay male* aAmeti to »«ah »aabar baak* nadtr tha eoaditlon# *at
forth ia Saatio* 10 (¥) of tfe* fadaral ?*aarva Aot a # aaaadad by
tha aat of Mtrd 9, If23, aad Is accordant# with authority
fra&tad by tha fadaral laaarra Beard*
1la addltioa, ia order to eaabla iodlvldtjal*, partnarahipa
aad carporatioa* to a««t their iaeadlate payroll requirement*,
Fadaral raserva b«nka aay *a&» ta^orary adTanaee to aaeh £*»
divldaaXe, partaerehipe ant eerporatioaa ©a their proai»«ory
aotaa *««ured by direct obiifatloa* of tha Daitad ftatta In
»ecordaace with authority fra&tad by tha TederaX Raaarra Board.f*
Morrill
2 — 9454
Reproduced from the Unclassified I Declassified Holdings of the National Archives
— —
-------------------------------------
DECLASSIFIED
I Authority £p jO 5 0 1
F o r m 148 a
TELEGRAM
FEDERAL RESERVE BOARD
WASHINGTON
Karoli
imm - Boatoa
Barrlsoa - Hew folk
lorrla - iM laialll**
faaehar - ClevtbuA
fHAM S. / k}/ 0
1 0 , 195$*
Qoory - Minneapolis
Se ay - Idc lw o n d
B l a d e - Atlanta
Wm<m - !*»■*»
*e B o ««a l K a r t ia - S t . I M *
p H rtn* ~ Saa m o o i i M
F o llo w in g stato n e at h y ilM S o c r o t a i ^ ^
re le a e o d to t i » p r m
C ity
McKinney - Ball—
Treasu ry
tills a ft e r a o o a ;
* M « r th e t i n u o f tho Aet o f K & r t t
3 , 1— w d la t o ac t lorn teat
h e e a tafcaa b y the F r i i i d e a l aad the So#
y
the t r e a s u r y w h ic h s i l l
■aha p o e s ih l s U m resttSEptloa o f hs
io a a la s u b s t a n t ia l f o l n o
a t a w r y e a r ly d a t o .
Food la g su
torn the v i t a l aaods a f oo»*
•w a i t loo a a a t ho a o t .
A t t e s t io a o f
a k i a f l a s t ! tu t lo a s l a s a i l e d to
w h ic h a t — eadod p m t l ^ f a r
S e g a la t lo a 10 w hich ia s t i l l iay ^o ro o ^
c o o p e ra tiv e betw een banka i a d l f l r a ^ t o o M m a ltio o and read s as
•d a y a a t lo a a l o r ^ ^ttahM
N^
baa&nkkia
i aig la s t it u t l o a sa y
o z o r e is o i t s m * a s d ^ ? * M » g fu n c t io a s to sueh s x t s a t a s
i t s s it a a t ie a s M ^ M i n p r t sad a s s h a l l ho a b s o lu t e ly
n e ce ssary to a o e v ^ ia ^ js t e d s o f i t s eoaaroaity fo r fo o d ,
a s d i c i n e , eth ^R fcao ofceltles o f l i f e , f o r the r o l i o f
o f d is t r s s s * i m ^ h o p ay aeat o f n a s a l s a l a r i s s aad w ages,
f o r a o e o s M r y curren t e x p e n d itu re s f o r ths purpose o f s*i»->
t a ia in g e a ^ a j ^ e a t , aad fo r e th e r s im ila r s s s o a t ia l p u r p o s e s .
B an k in g in s t l t u t io a s a a y c a rry o ut sack t r a a s a e t lo n s aa aa y
h a n e ce ssary to a U b a n k in g In s t it u t io n s ia o th sr coiasunitles
to a e e t tha n e o e s s lt le s sat fo r t h a b o v e . P r o v id e d , h ow ever.
T h a t ( 1 ) av e ry p r e c a u tio n s h a ll h a taken to p rev e n t h o a r d in g
o r tho asa sco ssa ry w ith drsw al o f c u rrsao y ; ( 2 ) So S ta ts baafc*
la g In s t 1 t u t lo a s h a ll oagsgs ia aay t r a a s a c t lo a u ader t h is
regm latlo a w h ic h i s ia v l o l a t l o a o f S t a le o r F ed era l law or
o f siky r e g a la t io a issu e d th e re u n d e r; ( 8 ) V o , V s t io a a l b a n k in g
a s s o c ia t io n s h a l l engage i a «n y t r a a s a c t io a uader t h is s o e tio a
w hioh i s ia v i o i a t i o a o f aa y F e d e r a l l a » or o f aay ordor o r
r e g u la t io n is s a s d hy th s C o a p tr o ile r o f tho C arreac y ; aa d ( 4 )
lo #o ld or g o ld c e r t i f i c a t e s s h a ll ho p a id o u t .
la c h b * n k ia g
ia s t l t u t l o a aa d i t s d ir e c t o r s and o f f i c e r s w i l l ho h o lt
strljetly acco u n table fo r f a i t h f u l eo a p l lan e s w it h tha s p ir i t
aad purpose a s w a ll a s tho Is t t o r o f t h is r o g a la tlo a *
Reproduced from the Unclassified I Declassified Holdings of the National Archives
— —
-------------— — —— ---------- -
DECLASSIFIED
I Authority £Q \0 6 0 1
F o r m 148 a
TELEGRAM
F E D E R A L R E S E R V E B OA RD
WASHINGTON
M arch 1 0 , 1 9 3 S .
- 2 -
'ftdaral r « u m baalos aay carry on mmh fractions as
aay
nacasaary to facilitate transactions authorised by this
rsgulatioa*
1 la order to i b i I U — bar b a ak s of tha fe d e r a l r e s i m
s y s t e a to meet tha needs o f t h e ir re sp e c t I t o eoiw jflgH ies ta
the e xte n t a u t h o r is e d by t h is r e g a l a t io a ?ed*$m l
banka
a a y Make advancea to su ch a e a b e r b a ak s «a d a r \ tk *\ «o a d itio a s t a t
fo r t h l a S e c tio a 1 0 ( b ) o f tha fe d e r a l t e & r » M t f t a s attended by
th a a c t o f M arch 9 , 2.932, a a d l a a c c o r t A i c e ^ ^ t h a u t h o r it y
t r e a te d by tha fe d e r a l S t t i f i s BnmuwI*
i f i i n l i , p a r tn e r s h ip s
* I a a d d i t io n , l a o rder to *n »A i
p a y r o ll r e g & lr e a e a t a ,
a a d c o rp o ratio n s to a a e t t h e ir
a r y advances to sach %m»
fe d e r a l re so rta banks a a y
io a a oa t h a ir p r o a ls s e r y
ilvttttftlt, p a r ta e r e h ip s
o f th a B a it e d S t a t e s l a
n o te s a a w a t b y A ir a c t
tha F ed er a l Reserve Board* * •
acco rdan ce w it h a u t h o r i t i e s *
Morrill
Reproduced from the Unclassified I Declassified Holdings of the National Archives
— --------— — ■
—
—,
DECLASSIFIED
I Authority £D<0 5 0 1
- lO i
itm 'Sh e
press
for
im m e d ia t e relea .s e
March 10, 1933.
STATEMENT BY
SECRETARY OP THE TREA.SURY WOODIN
Under the terms of the Act of March 9, 1933, immediate action has
been taken by the President and the Secretary of the Treasury which w ill
ira&e possible the resumption of banking operations in substantial volume at
A very early date. Pending such resumption the vital needs of communities
/ must be met.
Attention of all banking institutions is called to Regulation
V
IQ Jghich is still in force and which as amended provides for cooperation
Tetween banks in different communities and reads as follows:^
1,Any national or State banking institution may
exercise its usual banking functions to such extent as
its situation shall permit and as shall be absolutely
necessary to meet the needs of its community for food,
medicine, other necessities of l i f e , for the relief
of distress, for the payment of usual salaries and
wages, for necessary current expenditures for the
purpose of.maintaining employment, and for other simi
lar essential purposes.. Banking institutions may carry
out such transactions as may be necessary to aid bank
ing institutions in other communities to meet the
necessities set forth above. Provided, however, That
(l ) every precaution shall be taken to prevent hoarding
or the unnecessary withdrawal of currency; (2) No State
banking institution shall engage in any transaction
under this regulation which is in violation of State or
Pederal law or of any regulation issued thereunder; (3)
No National banking association shall engage in any
transaction under this section which is in violation of
any Pederal law or of any order or regulation issued by
the Comptroller of the Currency; and (4) No gold or gold
certificates shall be paid out.
Each banking institution
and its directors and officers w ill be held strictly
accountable for faithful compliance with the spirit and
purpose as well as the letter of this regulation.
’’Federal reserve banks may carry on such functions
as may be necessary to facilitate transactions authorized
by this regulation.
”In order to enable member banks of the Federal
reserve system to meet the needs of their respective
communities to the extent authorized by this regulation
Federal reserve banks may make advances to such member
| banks under the conditions set forth in Section 10 (b)
| of the Federal Reserve Act as amended by the act of
March 9 , 1933, and in accordance with authority granted
by the Federal Reserve Board*
"In addition,, in order to enable individuals, partner
ships and corporations to meet their immediate payroll
requirements, Federal reserve banks may make temporary
advances to such individuals, partnerships and corpora
tions on their promissory notes secured by direct obliga
tions of the United States in accordance with authority
granted by the Federal Reserve Board."
Reproduced from the Unclassified I Declassified Holdings of the National Archives
— —
—
-----------------—
DECLASSIFIED
Authority £ 0 ^ 0 5 0 1
FOR THE PRESS
STATEMENT BY
>
FOR IMMEDIATE RELEASE
March 1 0 ,1 9 3 3 *
SECRETARY' OP THE' TREASURY WOO DIN
Under the terms of the Act of March 9, 1933, immediate action has
been taken by the President and the Secretary of the Treasury which will
make possible the resumption of banking operations in substantial vol-ume at
a very early date* Pending such res-umption the vital needs of communities
mast be met.
Attention of $11 banking institutions is called to Regulation
10 which is still in force and which as amended provides for cooperation
between banks in different communities and reads as follow s::
"Any national or State banking institution may
exercise its usual banking functions to such extent as
its situation shall permit and as shall be absolutely
necessary to meet the needs of its community for food,
medicine, other necessities of l i f e , for the relief
of distress, for the payment of usual salaries and
wages, for necessary current expenditures for the
purpose of maintaining employment, and for other simi
lar essential purposes. Banking institutions may carry
out such transactions as may be necessary to aid bank
ing institutions in other communities to meet the
necessities set forth above. Provided, however, That
(i ) every precaution shall be taken to prevent hoarding
or the unnecessary withdrawal of currency; (2) No State
banking institution shall engage in any transaction
under this regulation which is in violation of State or
Federal law or of any regulation issued thereunder; (3)
No National banking association shall engage in any
transaction under this section which is in violation of
any Federal law or of any order or regulation issued by
the Comptroller of the Currency; and (4) No gold or gold
certificates shall be paid out. Each banking institution
and its directors and officers w ill be held strictly
accountable for faithful compliance with the spirit and
purpose as well as the letter of this regulation.
^’Federal reserve banks may carry on such functions
as may be necessary to facilitate transactions authorized
by this regulation.
1
"In order to enable member banks of the Federal
reserve system to meet the needs of their respective
communities to the extent authorized by this regulation
Federal reserve banks may make advances to such member
banks under the conditions set forth in Section 10 (b)
of the Federal Reserve Act as amended by the act of
March 9 , 1933., and in accordance with authority granted
by the Federal Reserve Board#
"In addition, in order to enable individuals* partner
ships and corporations to meet their immediate payroll
requirements., Federal reserve banks may make temporary
advances to such individuals,, partnerships and corpora
tions on their promissory notes secured by direct obliga
tions of the United States in accordance with authority
granted by the Federal Reserve Board."
Reproduced from the Unclassified / Declassified Holdings of the National Archives
— —— — ,— ,—
_____
DECLASSIFIED
Authority £P \o c}0 j
F o r m 148 b
t e l e g r a m
q
~i
FED ERAL R ESE RVE BO ARD
WASHINGTON
Tmwt
lotton
Harrison
low toilc
lorrig
Hebraond„
s&Hilfc
M 1«q U
McDcugol
Chio««o
AuMy
Ksollton
K*ns*« City
MoSinnsjr
Mllampolis
W$^s^$W
^tovolnnft
San Ifnnolsoo,
# f I t e f k ft* I m ,
of
«*• » * o r « W y
th» following ngoinlloni **t>7 fc*nkin#
Institution Mgr doltro* to tb*
porson sntltlsA thsrsto preporljr
idontifU A l i i W t i nnd s s « r it i*s
*jr
Institution for
Mtftfetipllif**
Morrill
C 3 -
O . B
.-y/
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £ Q \Q f )Q 1
0.
Uo. 9
TREASURY DEPARTMENT
FOR I M EDIATE RELEASE
March 7, 1933-
Under the authority conferred upon him by the President»s
Proclamation of March 6, 1933 > declaring a bank holiday, the
Secretary of the Treasury has issued the following regulation:
"Any banking institution may deliver to the
person entitled thereto properly identified docu
ments and securities held by such institution for
saf ekeeping. "
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
I Authority £tMO 5 0 1
ITo. 9
TREASURY DEPABTMENT
IOR IMMEDIATE RELEASE
March 7, 1.933,
Under the authority conferred upon him by the President1
Proclamation of March 6, 1933, declaring a bank holiday| the
Secretary of the Treasury has issued the following
(? )
" M y tanking institution m y deliver to the
person entitled thereto properly identified docu
ments and securities held by such institution for
safekeeping.”
Reproduced from the Unclassified I Declassified Holdings of the National Archives
— — ---------— ■
——— .
DECLASSIFIED
Authority £D \Q>5 0 1
No. 9
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE
March 7, 1933*
Under the authority conferred upon him by the P r e s id e n t s
Proclamation of March 6, 1933, declaring a "bank holiday^ the
Secretary of the Treasury has issued the following regulation:
’’Any banking institution may deliver to the
person entitled thereto properly identified docu
ments and securities held by such institution for
safekeeping,”
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £ 0 \ 0 fjO j
✓
F o r m 148 b
T E L E G R A M
FED ERAL R E SE R VE B O A R D
W A S H IN G T O N
McDoxacal
Chicago
yanohar
tm m
Boston
Harrison
law Tork
£iQhnon&
lorrla
Blatk
Martin
Louii
8aay
fhilad*lphim
MoXlnnay
Oaary
fcitmiMipoll*
Atlant*
U n d *r a u t h o r it y o o n farrad npon M u %
S *n y raa o ie c o
J * a a i d a » t ‘ a proclaam tlon
d a o l*r t » € bank h o l id a y 8 t o * a i * r y of Traaaury h M
ra g u lA tio n j
3a*ilt#h
l a n a a * C ity
lasu ad f ® U * v * a «
^Ih ara aettlam ant f o r ehacks ohaurgad by drawaa In s t 1 tut Io n a t o
tha draw a ra’ aoaounta
on
m
boaka o a o r fcafora Mar oh 4 ,
a a tt la a a n t ®ay ha comp la tad ahara auch aattlam ant doaa
pay »an t o f aonay or crorrancy.11
Men1! ! !
O
D/EW
1 9 3 3 le in c o a p la t a ,
—
—
—
—
—
Reproduced from the Unclassified I Declassified Holdings of the National Archives
'
I-'l . '1. ^ ;. . L .1 U 1L I
I
— -— — —— — >— — -
d e c l a s sif ie d
I Authority £Q\o 60 1
U f\ d <
Ho . B
TREASURY DEPARTI/1MT
FOR I MEDIATE RELEASE
March 7, 1933-
Under the authority conferred upon him by the President’ s
proclamation of March 6, 1933» declaring a bank holiday, the
Secretary of the Treasury has issued the following regulation:
•’Where settlement for checks charged by drawee
institutions to the drawers1 accounts on its books
on or before March H, 1933 i s incomplete, settlement
may be completed wvere such settlement does not in
volve the -oayment of money nr currency.H
**6
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £ P \Q S O 1
Ho . 8
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE
Mfirch 7> 1933.
Under the authority conferred upon him "by the President’s
proclamation of March 6, 1933, declaring a bank holiday, the
Secretary of the Trea6,-mxJm-iasasa„the following regulation:
It)
nWhere settlement for checks charged by drawee
institutions to the drawers’ accounts on its books
on or before March 4 , 1933 is incomplete, settlement
may be completed where such settlement does not in
volve the payment of money or currency.11
mrm
Reproduced from the Unclassified I Declassified Holdings of the National Archives
— -
DECLASSIFIED
Authority £Q \o 5 0 1
»
TREASURY DEPARTMENT
Ho. 8
EOR IMIvIEDIATE RELEASE
March 7 , 1933.
Under the authority conferred upon him by the President’s
proclamation of March 6, 1933, declaring a "bank holiday,, the
Secretary of the Treasury has issued the following regulation:
11
Where settlement for checks charged by drawee
institutions to the drawers* accounts on its books
on or before March 4 , 1933 is incomplete, settlement
may be completed where such settlement does not in
volve the payment of money or currency.”
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £t' \
Qf)Q '(
TELEGRA
FEDERAL RESERVE BOARD
H I e
r
f
WASHINGTON
% $m
Torom
Blade
Atlanta
Hamilton
Kansas City
Harrlaen
W rn tm
aoiw^fai
Chiet^o
Uagi nw*,y
Dallas
Fa&ehar
Cleveland
Martla
®t. &# »!*
Saa Fraud aoo
Seay
llchmoad
Seftf
mnaecpoi l •
fforri*
m ia d *lp h la
% i g f authority conferred \g>oa M m ly President^ proelaaaUoa da-
bazfe
fe s t a l ^
%>ofi Deposits heretofore reo*iY«d
Ig y e w a l
l»i l«ini»A following *•*$****»§*
any banking in s titu tio n pursuant I#
or lo§iil*tiv* au thority providing for segregation «ad f# f
repayment without
H if: Ini paid ob deouuid* Af y
tlo a wfaioh wen ltafs&£f *api«& l a th* business of roc*iYia« deposits $t&m
t# March 8 * ,|S8% M y ##«»$* *peai*l l i n i l aocouat* Jfa# th* r*o*ipt of new
deposits ifelelt sh a ll
e i i j e t t to withdrawal m demand without any f t i t f l t i l o a
i f tl*sitat|.o*i and sh all b* kept separately In cash or o& deposit l a I M M t
teaeffe
Bank* or invested l a
teeeiNi banks My op** s^daS
tm
%aaii§
of
th* United States.
Fedaral
m t&ei# taKit# tm t&eir mmm wdk* &&
la- mak special
th* proceeds o f new deposits teae lte d ljr each banking in s titu tio a e .
In
l i i l l #*$)oelt* with th* F*d*rr.l reeerv* beak pur*uwit to tM* ra^ ulatioa
th* depositing
sh all ..la th* eat* of each deposit indicate to th*
Federal rejewve M k t iBf systool or otherwis* that th* funds so dao sited
r*pr*s*nt aaw deposit* nada uadar this r*fulaU oa.
deposit* ssush Federal res*rtsbaiic shall credit th*
Upoa receipt of such
suits
la tha special
Reproduced from the Unclassified / Declassified Holdings of the National Archives
I Authority £t~ |o f-, C |
TELEGRAM
FED ERAL R E SE R V E B O A R D
WASHINGTON
account of tha dapoalting bank harala provided for aad ahall hold tho mm
for
bank, federal reserve bankt thall parait the
withdrawal of any part or all of auoh saw dopoalta by the dopoaitin*
baiiB without reatrlction provided tot tha depositing b&jok ahsll la tuoh
order or raqueat for withdrawal indicate to the fe4ori& rt»@r*e bank
hy aymbol or otherwlae that such withdrawal I# to ho made from auch
•pedal account^
pfreridad howewar that mo-banking inatltution ahall pay out
p
or -eraoit the withdrawal of any gold of gold certificatea.
Bnd quota
Reproduced from the Unclassified I Declassified Holdings of the National A rchives
|
DECLASSIFIED
Authority £ Q \Q S O 1
H l o ,
l?o. 7
FOR IMMEDIATE RELEASE
March 6, 1933*
IlfiPAR^MENT
Under the authority conferred upon him by the President’ s Procla
mation of March 6, 1933* declaring a bank holiday, the Secretary of the
Treasury has issued the following regulations:
"Deposits heretofore received by any banking institution
pursuant to agreement or legislative authority providing for
segregation .and for repayment without restriction may be paid
on demand.
Any banking institution which was lawfully engaged
in the business of receiving deposits prior to March 6, 1933*
may create special trust accounts for the receipt of new
deposits which shall be subject to withdrawal on demand without
any restriction or limitation and shall be kept separately in
cash or on deposit in Federal Reserve Banks or invested in
obligations of the United States.
Federal reserve banks may
open special accounts on their books for their member banks
and temporarily for non-member bgjiks and1may receive in such
special accounts the proceeds of new deposits received by such
banking institutions.
In making deposits with the Federal
resjerve bank pursuant to this regulation the depositing bank
shajl.l in the case of each deposit indicate to the Federal
res E>rve bank-by symbol or otherwise that the funds so deposited
represent new deposits made under this regulation.
Upon receipt
of mch deposits such Federal reserve bank shall credit the same
in
he special account of the depositing bank herein provided
for and shall hold the same solely for repayment to such bank.
Federal reserve banks shall permit the withdrawal of any part
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £Q \Q SO \
>To. 7
- 2 -
or all of such new deposits by the depositing hank without
restriction provided that the depositing bank shall in such
order or request for withdrawal indicate to the Federal
reserve bank by symbol or otherwise that such withdrawal is
to be made from such special account, provided however that
no banking institution shall pay out or permit the withdrawal
of any gold or gold certificates.11
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £ 0 \ 0 S O I
fBSASUBY DEPARTMENT
FOR IMMEDIATE HB1M S $
March 6, 1933.
Under the authority conferred upon him by the P r es id en ts Procla
mation of March 6, 1933, declaring a "bank holiday, the Secretary of the
Treasury has issued the fo llowing regulations!
0
)
^Deposits heretofore received by any banking institution
pursuant to agreement or legislative authority providing for
segregation and for repayment without restriction may be paid
on demand.
Any banking institution which was lawfully engaged
in the business of receiving deposits prior to March 6, 1933,
may create special trust accounts for the receipt of new
deposits which shall be subject to withdrawal on demand without
any restriction or limitation and shall be kept separately in
cash or on deposit in Federal Reserve Banks or invested in
obligations of the United States.
Federal reserve banks may
open special accounts on their books for their member banks
and temporarily for non-member banks and may receive in such
special accounts the proceeds of new deposits received by such
banking institutions.
In making deposits with the Federal
reserve bank pursuant to this regulation the depositing bank
shall in the case of each deposit indicate to the Federal
reserve bank by symbol or otherwise that the funds so deposited
represent new deposits made under this regulation.
ITpon receipt
of sujch deposits such Federal reserve bank shall credit the same
in thje special account of the depositing bank herein provided
for aad shall hold the same solely for repayment to such bank.
Federa.1 reserve banks shall permit the withdrawal of any part
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £ 0 \ O S O 1
A
-2-
or all of such new deposits by the depositing bank without
restriction provided that the depositing bank shall in such
order or request for withdrawal indicate to the federal
reserve bank by symbol or otherwise that such withdrawal is
to be made from such special account, provided however that
no banking institution shall pay out or permit the withdrawal
of any gold or gold certificates.**
Reproduced from the Unclassified / Declassified Holdings of the National Archives
Authority £D \Q 5 0 1
FOR IMMEDIATE RELSA.SE
March 6, 1933.
TREASURY DEPARTMENT
Under the authority conferred upon him by the President’ s Procla^mation of March 6, 1933, declaring a bank holiday, the Secretary of the
Treasury has issued the following regulations;
dep o sits heretofore received by any banking institution
pursuant to agreement or legislative authority providing for
segregation and for repayment without restriction may be paid
on demand.
Any banking institution which was lawfully engaged
in the business of receiving deposits prior to March 6, 1933,
may create special trust accounts for the receipt of new
deposits which shall be subject to withdrawal on demand without
any restriction or limitation and shall be kept separately in
cash or on deposit in Federal Reserve Banks or invested in
obligations of the United States.
Federal reserve banks may
open special accounts on their books for their member banks
and temporarily for non-member banks and may receive in such
special accounts the proceeds of new deposits received by such
banking institutions.
In making deposits with the Federal
reserve bank pursuant to this regulation the depositing bank
shall in the case of each deposit indicate to, the Federal
reserve bank by symbol or otherwise that the funds so deposited
represent new deposits made under this regulation.
Upon receipt
of su^h deposits such Federal reserve bank shall credit the same
in th^ special account of the depositing bank herein provided
i
for and shall hold the same solely for repayment to such bank.
Federal reserve banks shall permit the withdrawal of any part
DECLASSiFIED
Reproduced from the Unclassified I Declassified Holdings of the National Archives
Authority £Q \Q 6 0 j
-2~
or all of such new deposits by the depositing bank without
restriction provided that the depositing bank shall in such
order or request for withdrawal indicate to the Federal
reserve bank by symbol or otherwise that such withdrawal is
to be made from such special account, provided however that
no banking institution shall pay out or permit the withdrawal
of any gold or gold certificates.»
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £ c VC> C) Q |
TELEG RAM
FEDERAL RESERVE BO ARD
WASHINGTON
Nareih 6, 1933
Pancher
Yonng
ChiCftgO
Cleveland
Boston
Harrison
Mew York
SOXTlS
Hiiladelphia
Martin
Hamilton
Kansas City
KcKinney,
HlAfamaA
St.Louia
Ballets
Black
0eery
Calkins
3an Francisco
Minneapolis
Atlanta
Under authority conferred upon bln fey ^President1* proclama
tion declaring bank holiday, Secretary of treasury has issued follow*
iog regulations Quota• Any banking institution may handle and collect
drafts or other doc«enta in connection with th# shipiaemt, transporta
tion or delivery of food or food products, may pay out or permit tbo
withdrawal of «mh asxnmts of oorron^y as shall be necessary in tho
jwl^weat of smsh banking institution in connection with such shlpnent,
transportation or delivery of food or food products, and Bay perform
such other banking functions as may bo essential to the shipment,
transportation or delivery of food or food products, provided, how
ever, that no banking institution shall pay out or perait the with*
drewal of any gold or gold certificates. £nd %^oto.
mmiu*
Reproduced from the Unclassified I Declassified Holdings o f the National Archives
f
DECLASSIFIED
Authority £ Q |Q 6 0 1
No.
TREASURY DEPARTMENT
6
FOR IMMEDIATE RELEASE
March 6 , 1933 .
Under the authority conferred upon him by the President's
Proclamation of March
6,
1933» declaring a bank holiday, the
Secretary of the Treasury has issued the following regulation:
MAny banking institution may handle and collect
drafts or rther documents in connection with the
shipment, transportation or delivery of food or feed
products, may pay out or permit the withdrawal of
such amounts of currency as shall be necessary in
the judgment of such banking institution in
connection with such shipment, transportation or
delivery of fo*d or feed products, and may perform
^uch other banking functions as may be essential to
Mie shipment, transportation or delivery of food or
:’eed products, provided, however, that no banking
institution shall pay out or permit the withdrawal
of any gold or gold c er tific ates .H
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £CMO §Q \
f
V
EOR IMMEDIATE RELEASE
March 6, 1933,
TREASURY DEPARTMENT
Under the authority conferred upon him by the President !s
Proclamation of March
6,
1933, declaring a bank holiday, the
the following regulation
ay handle and collect
drafts or other documents in connection with the
shipment, transportation or delivery of food or feed
products, may pay out or permit the withdrawal of
such amounts of currency as shall be necessary in
the judgment of such banking institution in
connection with such shipment, transportation or
delivery of food or feed products, and may perform
such other banking functions as may be essential to
the shipment, transportation or delivery of f ood or
feed products, provided, however, that no banking
institution shall pay out or permit the withdrawal
of ai^ gold or gold certificates,"
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £Q jo SO I
lA l d / ' > '
F o r m 1481b
T E LE G RAM
FEDERAL RESERVE BOARD
W A S H IN G T O N
m w m ft, i953«
T«n»*,
Boetm
IH g lg i
MeDoo««&
Hamilton
Kaneaa City
Seety
Martin
3 t . Louie
SScEinnay
Dollae
Blaei:
Atlanta
'&e#ry
Calkin®
M i Fraaeieco
Ckieago
N w York
Hichnond
Horrie
Philadelphia
Mianeapolla
TJndar authority eomferred upon,
declaring bank boll day s«cretary of Treasury
by
President*® proclaimtion
feuaa i*»ued the
follaring regula
tion fast* Any W m m m institution a y aceept payaeate ia eaeb or any o t t o
fora aceeptable to
It
eft ***♦««*§ or
In
Mttleaeat of obligation* payable at
#r 'to such IsatitTttioa
mohrill
\1
Reproduced from the Unclassified I Declassified Holdings of the National Archives
t
DECLASSIFIED
Authority £felO $ Q 1
W
No.
TREASURY DEPARTMENT
5
FOR IMMEDIATE RELEASE
March 6, 1933*
Under the authority conferred upon him by the President’ s
proclamation of March
6,
1933» declaring a hank holiday, the
Secretary of the Treasury has issued the following regulation:
”Any banking institution may..accept
payments in cash or any other form accept
able to it on account or in settlement of
obligations payable at or to such institu
tion. M
, -
>
DECLASSIFIED
Reproduced from the Unclassified I Declassified Holdings of the National Archives
Authority £p \Q SO i
r
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE
March 6, 1933.
Under the authority conferred upon him by the P r e s id e n t s
proclamation of March
6,
1933, declaring a bank holiday, the
Secretary of the Treasury has issued the following regulation:
-
nm
w
m
m
m
vntnrttTTM
^muiwrrir
CO
«w
•’Any banking institution may accept
payments in cash or any other form accept
able to it on account or in settlement of
obligations payable at or to such institu
tion."
+**
Reproduced from the Unclassified I Declassified Holdings of the National Archives
— —
— ■
— ■— — -------------------
DECLASSIFIED
Authority £p K> $ Q 1
I f i
F o r m 11 8 1)
T E LE G RAM
FEDERAL RESERVE BOARD
W A S H IN G T O N
m m h e,
Boston
Saxriaoaa,
S*v York
fa& ohar.
Cleveland
193®
MeDougal,
Chicago
a u s U to a ,
r a m ia C ity
S t.
D allaa
$ « ***
Louia
H o rria ,
o®a*jrf
FM ladftipliiA
liin n aa p o lia
A tla n ta
uaawr arattoaaity eoaforrad
upon M m
lagr
C a lk ln a ,
8m Fraaeiaoo
jproolaaatic®
daelarlng fcaafe holiday, Bm m m vr of Traaaury haa taanad th* tollowim m&aXm*
t im quota All basking iaatltutions nay contiima* ia accordance with tamal
pxmetia*, to miIi elmcka dram on tha f m
w
of the t&itad Stataa, provided
tlwet no sold or^old cartifieatae mlmXX fca paid oat
unpniTJt
Reproduced from the Unclassified / Declassified Holdings of the National Archives
D E C L A S S IF IE D
Authority £ P
\Q5 0 \
No. 4
'TREASURY DEPARTMENT
FOR I M E D IA T E RELEASE
March 6 , 1933 .
Under the authority conferred upon him by the
P re sid e n t’ s proclamation of March 6 , 1933, declaring a
bank holiday, the Secretary of the Treasury has issued
the following regulations
"A l l banking institution s may continue,
in accordance with usual p ractice, to cash
checks drawn on the Treasurer of the United
States, provided that no gold or /’’old c e r t if i
cates shall be paid out. "
Reproduced from the Unclassified I Declassified Holdings of the National Archives
— — -------------— — - — ----------,
DECLASSIFIED
I Authority £ P lo 5 0 1
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE
March 6, 1933,
Under the authority conferred upon him by the
President’ s proclamation of March
6,
1933, declaring a
bank holiday, the Secretary of the Treasury
has issued
the followi]
O f)
^All banking institutions may continue,
in accordance with usual practice, to cash
checks drawn on the Treasurer of the United
States, provided that no gold or gold c ertifi
cates shall be paid o u t .”
Reproduced from the Unclassified / Declassified Holdings of the National Archives
— ----------
-
___
DECLASSIFIED
Authority £ 0 | 0 5 0 |
treasury department
for
immediate release
March 6, 1933.
\j
v /
Under the authority conferred upon him by the
President's proclamation of March 6, 1933, declaring a bank
holiday, the Secretary of the Treasury, has issued the follow
ing regulation:
a
w All backing institutions may continue,
,^'Cj )
accordance with usual practice, to
/ cash checks drawn on the Treasurer of
J the United States, provided that no
V
/ gold or gold certificates shall be paid
~
out. I.
II.
Reproduced from the Unclassified I Declassified Holdings of the National Archives
....................
Ill
....
II
— ------------- — ------- ------------------
DECLASSIFIED
Authority £t>
Vo *jO (
I
F o r m MB I)
TELEGRA
FEDERAL RESERVE BOARD
l \ '1 0 ,
W ASHINGTO N
6,
Hm k
Boston
cieyalaad
H arriaon
Mm T©rk
8 **y
3fctohwoBi
lo r r li
P h ila d e lp h ia
Blade
M la ftlk
.
Chioaga
H a » ilto a
Xanaaa C ity
M a rtin
fit* lo u il
D a lla s
*•# **
Klsm aapolU
1888.
San Franoiaoo
QBdtr «atfeort1qr ooaf*rr«& upon M * Ijr Prarident1* FroalMaHoa
of Tr**mm »*•
teoUrtac % «* IwHtajr,
humm
«*jr v&m
mi. mttmt m i M M m <11 « •* . < *•*».
for teportt «r w U w ttM « «
•f Vm Iwm tawr« mA
lM tttrttw '
tfc. M lw tac
n tm
•« * * « «
«w * *•*•!*•* •* » « « * ^
_
«*.*•»**
hm «•* Inn* wt«m4 «a tfe* *h *» ** • « *
m m **-
Merrill
Jr
l*U«t
Jr—
=" ,i £
1' i
mY
I s
\
wm
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £D \Q SO 1
No. 3
TREASURY DEPARTMENT
IOH IMMEDIATE RELEASE
Monday, March 6, 1933,
Under the authority conferred upon him hy the P resid e n ts
Proclamation of March
6,
1933, declaring a bank holiday, the
Secretary of the Treasury has issued the following regulation:
11All
banking institutions may upon re
quest return intact and without restriction
all cash, checks, and other items delivered
for deposit or collection which were received
after the last closing of business hours and
have not been entered on the books of such
banking institution.
Reproduced from the Unclassified I Declassified Holdings of the National Archives
D E C LA SS IF IE D
Authority
£Q \QS O
i
3
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE
Monday, March
6 , 1933.
Under the authority conferred upon him by the President’s
Proclamation of March
6 , 1933, declaring a bank holiday, the
Secretary of the Treasury has issued the following regulation:
,fAll banking institutions may upon re
quest return intact and without restriction
all cash, checks, and other items delivered
for deposit or collection Ttfiich were received
after the last closing of business hours and
have not been entered on the books of such
banking institution."
mrm
Reproduced from the Unclassified I Declassified Holdings o f the National Archives
DECLASSIFIED
Authority £P \Q S O \
TREASURY DEPARTMENT
FOR IMIvIEDIATE RELEASE
Monday, March 6 , 1933.
v
Under the authority conferred upon him by the P re side n t's
Proclamation of Inarch 6 ,
1933, declaring a bank holiday, the
Secretary of the Treasury has issued the following regulation:
/;A11 banking institution s may upon request return
intact and without restric tio n all cash, checks,
end other items delivered for deposit or collection
which were received after the last closing of b usi
ness hours and have not been entered on the books
of such banking in s titu tio n ,^
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £t~ Vo
F o r m 1481)
1
TE LE G RAM
FEDERAL RESERVE BOARD
m o.
W ASHINGTO N
Harsh 6, 1933.
tmmg,
Fmiehar
CX«TelAQd
thin^ p i
OS&ieago
Seay
llwrtin
l?#w T©rk
Vorris
F h ll* U lp k lA
Black
A tla n ta
Ham ilton
Kansas Q lty
St.LOttlf
B a lia *
9#*xy
C alk in *
San fra n e la e e
UWter a n tfco rity a *n f« rr*d upon h i* 1»3f Pr«»idUmtf «
proclam ation a * « l*r in g fcaiik ho i l day, Sserotary o f f r — tary * * •
lssuad fo llo w ln * Tabu lation f % !# *•. M l banking in a U tu tia a a
mgr M m
tfc a ir « a i i M
aad
rantad to cafth
Wff/oiaji
fw # aoeaa* to tha *a f# ty dapoalt fco**a
"tmm
Reproduced from the Unclassified I Declassified Holdings of the National Archives
D E C LA SS IF IE D
Authority £ P K> 5 0 1
No.
’TREASURY DEPARTMENT
2
FOR IMMEDIATE RhILSA.SE
March
6,
1933.
Under the authority conferred upon him by the President’ s
proclamation of March
6,
1933, declaring a "bank holiday, the
Secretary of the Treasury has issued the following r e f l a t i o n :
"All ‘banking institutions may allow
their customers free access to the safety
deposit boxes and safes rented to such
customers.H
Reproduced from the Unclassified / Declassified Holdings of the National Archives
— — ---------— — —-------- — ,___
DECLASSIFIED
I
THMSIRY DEPARTMENT
Authority
£O K > 6 0 1
POH IMMEDIATE RELEASE
March
6,
1933.
Under the authority conferred upon him by the P r e s id e n ts
proclamation of March
6,
1933, declaring a bank holiday, the
Secretary of the Treasury has issued the following regulation:
( I )
11All
basking institutions may allow
their customers free access to the safety
deposit boxes and safes rented to such
customers*’1 ^
„
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £Q VO rjO j
F o r m 14 8 1)
T E LE G RAM
ifl
FEDERAL RESERVE BOARD
W A S H IN G T O N
6,.
March
H AO ,
hlci«Ottd
K«rri<,
$&»&*
fust#*
th*
#m§mm
"Mfe*
mffikamm' «*
*qufU
i*r tia *
W M »St
caa£«rr«d tat^oa. bin % ireal&wrt's proeX&a»Vi*Bi
k o ttiiir*
*$«&
H^11 tnn.
i& x m & k l,
C k ie a^
Jle w la n d
SfBw ' X’®AUL
1933.
mSk •«&&
of
Other
lu» a\it&orixe& a ll M U
iaftituU oius to
mike mmm* *Y
i»p«0®*f' ami.Jor oola of w io u s cUteoaaamtiogie fo r «a
s*&XM%
«T oarrfeiiG/ aad/or ooia « f *$»*? <S*M d»*tion* >mt a#
gold 0^ &old 4*xtlfle&toa #foIL‘|:;| fee j^id cut ojmm44. in
ch&njgt*
T *x t Of fo rb id X I | i f t l l O I » *111
*!*&»• ®4-
to yom lAt«3*.
▼iao #11 *M k±*£: i& ftU ta tio tt* 1* /o u r U * t r ie t && *ooa aa po*#ifcle*
KKS&&#
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £Q K> 5 0 1
H l (
3?o. 1
TREASURY DEPARTMENT
FOR IMMEDIATE RELEASE
Monday, March 6 , 1933.
Under the authority conferred upon Mm by the President’ s
Proclamation of March
6,
1933, declaring a bank holiday, the
Secretary of the Treasury has authorized all Federal reserve
banks and all other banking institutions to make change by
the exchange of currency and/or coin of various denominations
for an exactly equal amount of currency and/or coin of other
denominations, but no gold or gold certificates shall be paid
out in making change.
■»■a! M
",■'»w[i |XUMiUJiM
Reproduced from the Unclassified I Declassified Holdings o f the National Archives
— — ----------— ■— ---------------- ------
D E C LA SS IF IE D
I Authority ££>U> 6 0 1
m&SOHI- DEPARTMENT
FOR IMMEDIATE HEI^ASE
Monday, March
6,
1933.
[ffiby the President !s
Under the authority con£<
Iroclaaaatioii^-dMlaGrch
6,
1933, declaring a hank holiday, the
i!igaoTgftni| U'f"thu Ti uoiunyy hsvia
#
k
ffiU- Federal reserve
0 )
"banks and all other banking institutions^to make change by
the exchange of currency and/or coin of/various denominations
for an exactly equal amount of currency and/or coin of other
denomination^, but no gold or gol^r certificates shall be paid
out in making change.
If
Reproduced from the Unclassified I Declassified Holdings of the National Archives
declassified
Authority £ Q \Q 5 0 1
TREASURY ORDER
----------
MAR 1 3 1933
ROUTINE FOR HANDLING- INCOMING TELEGRAMS AND LETTERS
REGARDING BANKING QUESTIONS.
1#
All telegrams and letters dealing with the banking emergency
problems are to be routed over Mr. HylandTs desk (Room 2 7 2 ), and are to
be read by Mr. Heffelfinger.
2.
Mr. Heffelfinger will route these telegrams and letters promptly
as follows:
(a)
Telegrams and letters requiring acknowledgment or
general treatment only, such as those merely making suggestions
and protests of a general nature, are to be sent to Mr. Stark’ s
office (Room 259) for preparation of acknowledgment in the name
of the Secretary, Under Secretary, or an Assistant Secretary,
decision as to the signing officer to be left to the discretion
of Mr. Stark.
(b)
Telegrams and letters involving technical questions
particularly relating to procedure in bank program which should
be put by the writer to the Federal Reserve Banks or to State
or other authorities, shall be sent to Mr. Batchelder (Room 374)
for preparation of replies in name of person addressed.
(c)
All telegrams and letters dealing with important questions
involving new regulations or interpretations of existing regula
tions, and also all telegrams and letters received from Senators
and Representatives, Governors, Banking Commissioners and other
State authorities, and also from members of the Cabinet and other
Reproduced from the Unclassified I Declassified Holdings of the National Archives
—
— — —— ■— — — — — .—._
DECLASSIFIED
^---------- -—.—----------------------- I Authnritv C/3 If*
i
-—— ........
r
- 2 -
prominent individuals, should he sent promptly to the Com
mittee on Regulations (Room 278) for its consideration and
disposition,
3.
Replies to all telegrams and letters of classes 2 (h) and
2 (c) when finally prepared are to he sent to Mr. Hopkins 1 desk (Room
278) for review "before signature and transmission.
A. A. EALLANTIEE.
Reproduced from the Unclassified I Declassified Holdings of the National Archives
— -
declassified
Authority £ 0 ^ 0 5 0 1
- 3
COMMITTEE 01! REGULATIONS
The Committee on Regulations is composed of the following:
Messrs, Bundy and Hopkins
Messrs, Bartholow and Bartelt of the Treasury Department
Messrs, Milford and Plimpton of the Reconstruction
Finance Corporation
Messrs, Dreibelhis and Hackney of the Comptrollers
Office
Messrs, Vest and Wingfield of the office of the Counsel
to the Pederal Reserve Board
and such other members as Mr. Ballantine shall assign
to the Committee.
This Committee w ill have charge, under the leadership of Mr. Bundy
and Mr. Hopkins, of (a) the preparation of regulations and interpreta
tions of regulations, (h) the preparation of all replies to telegrams
and letters sent to the Coimiitte-e under 2 (c) above, and (c) other
matters assigned hy Mr. Ballantine.
Questions involving important
Treasury Department or Reserve Board policy w ill, in the discretion
of Mr, Bundy and Mr. Hopkins, he referred to the officials of the
Treasury Department or the Pederal Reserve Board,
All regulations and interpretations or any other rulings under
law, after preparation "by the Committee, and after final approval hy
the Secretary or the Under Secretary, shall he sent to Mr. Cherry
(Room 275) to he prepared for release.
A. A. BALLANTINE,
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £0\0 5 0 1
Reproduced from the U nclassified/D eclassified Holdings of the National Archives
.......... ....
d e c l a s s if ie d
I Authority £0)0 6 0 1
REGULATIONS OF THE SECRETARY OF THE TREASURY
Issued March
6,
1933
AUTHORITY FOR REGULATIONS.
Pursuant to the authority granted to the Secretary of the
Treasury "by the proclamation of the President of the United States issued
March
6,
1933, declaring a bank: holiday throughout the United States from
March
6,
1 9 3 3 ,to March 9, 1933, inclusive, the following regulations are
hereby made and promulgated:
A.
INSTRUCTIONS TO THE TREASURER OF THE UNITED STATES.
The Treasurer of the United States is directed, during the
continuance of the bank holiday declared by the proclamation of the
President of the United States above mentioned, unless otherwise directed,
to observe the following instructions:
(1)
Payments in gold in any form will be made only
under license issued by the Secretary of the Treasury.
This
does not prohibit the deposit of gold and the usual payment
therefor.
(2 )
Pay, as usual, all checks drawn on the Treasurer
of the United States, but not in gold.
When requested you
are authorized to ship paper currency, other than gold
certificates, in payment of checks.
( 3)
Continue the usual currency transactions between
the Treasury and the Federal reserve banks and branches.
Reproduced from the Unclassified I Declassified Holdings o f the National Archives
________ — — ____ ___
d e c l a s s if ie d
| Aut
Authority
B. TRANSFERS OF FUNDS FOR ACCOUNT OF TREASURER BETWEEN FEDERAL
RESERVE BANKS, BETWEEN SUCH BAM S A2JD TREASURER, AND
BETWEEN FEDERAL RESERVE B A M S AND FEDERAL RESERVE AGENTS.
Upon instructions of the Treasurer of the United States
Federal Reserve Banks are authorized to t r a n s f ^ funds to other Federal
Reserve Banks through the gold settlement fund for the account of the
Treasurer of the United States; to make payments to or receive payments
from the Treasurer of the United States through the gold settlement
fund and to make such entries in the Treasurer*s general account on the
books of the Federal reserve bank as the Treasurer of the United States
may direct.
Transfers of gold and gold certificates and gold fund credits
may "be made between the Federal reserve banks and their respective Federal
reserve agents.
C. PURCHASE OF GOLD AND GOLD CERTIFICATES BY FEDERAL RESERVE
BA M S.
Any Federal reserve bank or branch or agency thereof may purchase
gold or gold certificates and pay therefor any other form of coin or currency
either directly or through any other Federal reserve bank or branch or
agency thereof.
REGULATIONS SUBJECT TO MODIFICATION.
The regulations above prescribed are subject to modification
or change from time to time.
W. H. WOODIN,
Secretary of the Treasury.
Approved:
Marchj 6 , 1 9 3 3 .
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £& \Q SO i
REGULATIONS OF THE SECRETARY OF THE TREASURY
Issued March 6. 1933
AUTHORITY FOE REGULATIONS
Pursuant to the authority granted to the Secretary of the Treasury
by the proclamation of the President of the United States issued March
6 , 1933, declaring a bank holiday throughout the United States from March
6, 1933^ to March 9, 1933, inclusive, the following regulations are here
by made and promulgated:
1*
MAKING CHANGE.
All Federal Reserve Banks and all other banking institutions sure
authorized to make change by the exchange of currency and/or coin of
various denominations for an exactly equal amount of currency and/or
coin of other denominations, but no gold or gold certificates shall be
paid out in making change*
2.
FREE ACCESS TO SAFETY DEPOSIT BOXES AND SAFEP
All banking institutions may allow their customers free access to
the safety deposit boxes and safes rented to such customers*
3,
RETURN OF DEPOSITS NOT ENTERED ON BOOKS OF BANKING
INSTITUTION.
All banking institutions may upon request return intact and without
restriction all cash, checks, and other items delivered for deposit or
collection which were received after the last closing of business hours
and have not been entered on the books of such banking institution*
4.
CASHING CHECKS DRAWN ON THE TREASURER OF THE UNITED STATES.
All banking institutions may continue, in accordance with usual prac
......... " " '
Reproduced from the Unclassified I Declassified Holdings of the National Archives
.............-
"
1
'
— —— - — —— —— --------- ----
declassified
I Authority
£Q \Q f>Q j
tice, to cash checks drawn on the Treasurer of the United States, pro
vided that no gold or gold certificates shall be paid out.
5.
ACCEPTANCE BY BANKING- INSTITUTIONS OP PAYMENTS OP
OBLIGATIONS.
Any banking institution may accept payments in cash or any other
form acceptable to it on account or in settlement of obligations payable
at or to such institution,
6.
BANKING TRANSACTIONS IN CONNECTION WITH MOVEMENT OP POOD
AND PEED PRODUCTS.
Any banking institution may handle and collect drafts or other docu
ments in connection with the shipment, transportation or delivery of food
or feed products, may pay out or permit the withdrawal of such amounts of
currency as shall be necessary in the judgment of such banking institution
in connection with such shipment, transportation or delivery of food or
feed products, and may perform such other banking ftuactions as may be es
sential to the shipment, transportation or delivery of food or feed prod
u cts, provided, however, that no banking institution shall pay out or permit
the withdrawal of any gold or gold certificates.
7.
PAYMENT OP SEGREGATED DEPOSITS AND RECEIPT OP NEW DEPOSITS
IN SPECIAL TRUST ACCOUNTS.
Deposits heretofore received by any banking institution pursuant to
agreement or legislative authority providing for segregation and for repay
ment without restriction may be paid on demand.
Any banking institution
which was lawfully engaged in the business of receiving deposits prior to
March
6,
1933, may create special trust accounts for the receipt of new
Reproduced from the Unclassified I Declassified Holdings of the National Archives
— — ------- -— _____________
declassified
Authority £p |0 5 0 j
- 3 -
deposits which, shall be subject to withdrawal on demand without any re
striction or limitation and shall be kept separately in cash or on deposit
in Federal Reserve Banks or invested in obligations of the United States.
Federal reserve banks may open special accounts on their books for
their member banks and temporarily for non-member banks and may receive
in such special accounts the proceeds of new deposits received by such
banking institutions.
In making deposits with the Federal reserve bank
pursuant to this regulation the depositing bank shall in the case of
each deposit indicate to the Federal reserve bank by symbol or otherwise
that the funds so deposited represent new deposits made under this regu
latio n.
Upon receipt of such deposits such Federal reserve bank shall
credit the same in the special account of the depositing bank herein
provided for and shall hold the same solely for repayment to such bank.
Federal reserve banks shall permit the withdrawal of any part or all of
such new deposits by the depositing bank without restriction provided
that the depositing bank shall in such order or request for withdrawal
indicate to the Federal reserve bank by symbol or otherwise that such
withdrawal is to be made from such special account, provided however that
no banking institution shall pay out or permit the withdrawal of any gold
or gold certificates.
REGULATIONS SUBJECT TO MODIFICATION.
The regulations above prescribed are subject to modification or change
from time to time.
Approved:
M arch 6 , 1 9 3 3 .
W. H . Woodin
Secretary of the Treasury.
Reproduced from the Unclassified I Declassified Holdings of the National Archives
declassified
Authority £ t \Q 6 O 1
r e g u l a t io n s o f t he s e c h e t a r y o f t he t r e a s u r y
Issued March 7 . 1933.
AUTHORITY FOR REGULATIONS
Pursuant to the authority granted to the Secretary of the Treas
ury by the proclamation of the President of the United States issued
March
6,
1933, declaring a bank holiday throughout the United States
from March
6,
1933, to March 9 , 1933, inclusive, the following regula
tions are hereby made and promulgated:
F«
RECEIPT OS’ CASH BY FEDERAL RESERVE BANKS FROM COLLECTORS OF
PUBLIC FUNDS FOR ACCOUNT OF TREASURER.
A ll Federal reserve banks are authorized to receive cash from
collectors of internal revenue, collectors of customs and other col
lectors of public funds for deposit to the credit of the Treasurer of
the United States*
G.
ADVANCING CREDIT AND SUPPLYING CASH TO MEMBER BANKS BY FEDERAL
RESERVE BAMS FOR PERFORMANCE OF RESTRICTED FUNCTIONS.
Each Federal reserve bank may (l ) make available to its member
banks which, in the judgment of the Federal reserve bank, are complying
strictly with the spirit and purpose as well as the letter of the regu
lations issued by the Secretary of the Treasury pursuant to the Presi
d e n t s proclamation declaring a bank holiday, such limited amounts of
coin and/or currency (other than gold or gold certificates) as shall
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £0 \o $ 0 |
[
be absolutely necessary in order to enable such member banks to exer
cise the restricted functions permitted by such regulations, ( 2) ex
tend to each such member bank such limited amounts of discounts, ad*-*
vancements and accommodations as shall be absolutely necessary for the
exercise of such restricted functions, and ( 3) make transfers of credit
on its books for such restricted purposes between the accounts of such
member banks and/or nonmember clearing banks which, in the judgment of the
Federal reserve bank, are complying strictly
as well as the letter of such regulations j
with the spirit and purpose
Provided, however, That before
granting any such discounts, advancements or accommodations or making
such limited payments of coin and/or currency, the Federal reserve bank
shall first require the member bank^(a) to inform the Federal reserve
bank of the amounts of coin and currency which it has on hand, (b) to
inform the Federal reserve bank of the circumstances giving rise to the
need for additional coin and/or currency, and (c) to deliver to the Fed
eral reserve bank in exchange for other forms of coin and/or currency
or for credit on its books all gold and gold certificates held by such
member bank in its own right,
H* HANDLING OF CHECKS AMD COLLECTION ITEMS BY FEDERAL RESERVE BANKS
UNDER CERTAIN CONDITIONS*
Federal reserve banks, in their discretion, are authorized to
handle checks and collection
items arising out of the restricted
banking operations permitted under the regulations of the Secretary
of the Treasury when it can reasonably be anticipated tnat funds
satisfactory to the Federal Reserve Bank can t>e provided for the
Reproduced from the Unclassified / Declassified Holdings of the National Archives
___ ____
DECLASSIFIED
I Authority £Q
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payment of such checks and collection items; Provided, however, that
no gold or gold certificates shall be paid out by such Federal reserve
banks*
I*
SETTLEMENTS BY FEDERAL RESERVE BANKS THROUGH GOLD SETTLEMENT FUND.
Each Federal reserve bank is authorized to settle through the
gold settlement fund with each other Federal reserve bank for all
transactions which are permitted under the regulations of the Secretary of the Treasury*
J„
HANDLING BY FEDERAL RESERVE BANKS OF COLLATERAL SECURING DEPOSITS
OF UNITED STATES•
All Federal reserve banks are authorized to continue their
usual and normal functions pertaining to the handling of collateral
securing the deposit of the public moneys of the United States, as
provided in Treasury Circular 92 as amended and revised*
REGULATIONS SUBJECT TO MODIFICATION.
The regulations above prescribed are subject to modification
or change from time to time,
W. H. Woodin,
Secretary of the Treasury.
Approved:
M arch 7 f 1 9 3 3 *
Reproduced from the Unclassified I Declassified Holdings of the National Archives
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DECLASSIFIED
I Authority £D \Q 6 0 1
REGULATIONS OF THE SECRETARY OF THE 3REASURY
Issued March 7. 1953
AUTHORITY FOR REGULATIONS.
Pursuant to the authority granted to the Secretary of the Treasury
"by the proclamation of the President of the United States issued ^arch
6,
1933, declaring a hank holiday throughout the United States from March
6,
1933^ to March 9*1933, inclusive, the following regulations are hereby made
and promulgated:
3.
SETTLEMENT FOR CHECKS ALREADY CHARGED TO DRAWERS* ACCOUNTS.
Where settlement for checks charged hy drawee institutions to the
drawers 1 accounts on its hooks on or before March 4, 1933^ is incomplete,
settlement may he completed where such settlement does not involve the
payment of money or currency.
9. DELIVERY OF DOCUMENTS AND SECURITIES HELD IN SAFEKEEPING.
Any banking institution may deliver to the person entitled thereto
properly identified documents and securities held by such institution for
safekeeping.
10. EXERCISE OF USUAL BANKING FUNCTIONS TO MEET PAYROLLS AM) FOR OTHER
ESSENTIAL PURPOSES.
Any national or State banking institution may exercise its usual
banking functions to such extent as its situation shall permit and as
shall be absolutely necessary to meet the needs of its community for
food, medicine, other necessities of l i f e , for the r e l ie f of distress,
for the payment of usual salaries and wages, for necessary current ex-
Reproduced from the Unclassified I Declassified Holdings of the National Archives
_
declassified
I Authority £ Q \ Q f>O
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penditures for the purpose of maintaining employment, and for other
similar essential purposes:
Provided, however, That ( l ) Every pre
caution shall be taken to prevent hoarding or the unnecessary with
drawal of currency; (2) No State banking institution shall engage in
any transaction under this regulation which is in violation of State
or Pederal law or of any regulation issued thereunder; (3 ) No national
banking association shall engage in any transaction under this section
which is in violation of any Federal law or of any order or regulation
issued by the Comptroller of the Currency; and (4) No gold or gold
certificates shall be paid out.
Each banking institution and its
directors end officers will be held strictly accountable for faithful
compliance with the spirit and purpose as well as the letter of this
regulation.
11.
DEPOSIT OF SECURITIES IN UNITED STATES TO SECURE ADVANCES TO
FOREIGN BRANCH OF BANK DEPOSITING SUCH SECURITIES.
Any bank having a branch in a foreign country may deposit
collateral in the United States to secure advances to such branch in a
foreign country, provided such transaction does not involve any trans
fer of credit from the United States to a foreign country and any bank
having a branch in an insular possession of the United States may de
posit United States Government securities or other collateral for a
similar purpose when under the President1s Proclamation advances of
local currency in the insular possession may lawfully be made.
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— —— — - — ____— i
d e c l a ssif ie d
Authority £t~ |0fjO |
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12.
ISSUANCE OF CERTIFICATES BY CLEARING HOUSE AND OTHER
ASSOCIATIONS UNDER CERTAIN CONDITIONS.
Clearing house associations and other associations organ
ized to provide an adequately secured medim of temporary exchange,
are hereby permitted to issue certificates against sound assets of
hanking institutions,
such certificates to he deliverable "by each
institution to its creditors and depositors on a prorata "oasis, pro
vided, however, that no such certificates shall "be issued before
Friday, March 10, 1933, without the consent of the Secretary of the
Treasury addressed to the clearing house or other association propos
ing to issue such certificates, and further provided that this
permission may be revoked in the event that a national plan to meet
the existing emergency is proposed by the Secretary of the Treasury
if in his opinion the success of such plan would be inconsistent
with the operation of the certificate plan,
13.
TRANSACTION OF TRUST OR FIDUCIARY BUSINESS.
Any banking institution lawfully engaged in the business
of acting as trustee, executor, administrator, registrar of stocks
and bonds, transfer agent, guardian of estates, assignee, receiver,
committee of estates of lunatics, or in any other fiduciary capacity
may continue to transact such business in the normal and usual manner;
provided that in the conduct of said business, except as may be per
mitted by other regulations of the Secretary of the Treasury, s\ich
banking institution shall not pay out or permit the withdrawal of coin
or currency nor withdraw any trust or fiduciary funds on deposit with
Reproduced from the Unclassified I Declassified Holdings of the National Archives
—
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____
d e c l a s s if i e d
IAuthority
£D >Q SO
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- 4 any other department of the bank.
14.
PERFORMANCE BY FEDERAL RESERVE BANKS 01 CERTAIN DUTIES AS
FISCAL AGENTS OF THE UNITED STATES.
Federal reserve banks are authorized to conduct their normal
and usual operations *s fiscal agents of the United States in transactions
pertaining to the exchange of obligations of the United States, such as
making exchange of denominations, exchanging coupon for registered bonds,
and vice versa, receiving registered bonds for transfer and effecting
C. P. D. transactions.
REGULATIONS SUBJECT TO MODIFICATION.
The regulations above prescribed are subject to modification or
change from time to time.
W. E. Woodin,
Secretary of the Treasury.
Approved:
M arch 7 , 1 9 3 3 .
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— ■
— •- - ■ ■ ■ ■ -
_____
d e c l a s s if i e d
I Authority
£0)0 60
)
REGULATIONS OF THE SECRETARY OF THE TREASURY
Issued March 8. 1933
AUTHORITY FOE REGULATIONS.
Pursuant to the authority granted to the Secretary of the Treasury
by the proclamation of the President of the United States issued March
6 , 1933, declaring a bank holiday throughout the United States from March
6, 1933, to March 9, 1933, inclusive, the following regulation is hereby
made and promulgated!
1 5 , SEGREGATED DEPOSITS RSDEPOSITED IN OTHER BAM S.
The permission granted in Regulation Number 7 that
deposits heretofore received by any banking institution
pursuant to agreement or legislative authority providing for
segregation and repayment without restriction may be paid on
demand, includes any bank in which any such deposits have been
redeposited by or on behalf of the receiving bank in accord**
ance with such agreement or legislative authority.
REGULATION SUBJECT TO MODIFICATION,
The regulation above prescribed is subject to modification
or change from time to time.
W. H . Woodin
Secretary of the Treasury*
Approved:
M arch 8 , 1 9 3 3 *
Reproduced from the Unclassified I Declassified Holdings of the National Archives
DECLASSIFIED
Authority £Q \Q f>O 1
REGULATIONS OF THE SECRETARY OF THE TREASURY
Issued. March
8,
1933,
AUTHORITY FOH HEGUIATIONS*
Pursuant to the authority granted to the Secretary of the Treas
ury "by the proclamation of the President of the United States issued
March
6,
1933, declaring a hank holiday throughout the United States
from March
6,
1933 to March 9 , 1933, inclusive, the following regula
tion is hereby made and promulgatedS
K.
TRANSACTIONS OF FEDERAL RESERVE BANKS INVOLVING HELAT IONS
WITH FOREIGN CORRESPONDENTS*
Any Federal reserve bank is authorized at its discretion with
in the limitations of the Federal Reserve Act and the regulations of
the Federal Reserve Board thereimder, ( l) to make transfers of credit
on its books between foreign current accounts, ( 2) to make transfers on
its books of b ills and securities between foreign accounts, (3) to make
transfers of earmarked gold from one foreign custody account to an
other, (4) to receive gold which is released from earmark for foreign
account, provided that the proceeds thereof are credited on its books
in dollars, (5) to make transfers on its books from foreign current
accounts to the accounts of member banks and/or nonmember clearing
banks, ( 6) to receive payments in dollars or gold or any other form
acceptable to it on account of, or in settlement of, obliga
tions due it from foreign correspondents, and (7) to credit on
its books to foreign current acco-unts United States currency or
gold deposited with i t .
Unless otherwise ordered by the Secretary
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— - ...
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<___
DECLASSIFIED
Authority £0\0 5 0 j
of the Treasury, no such transactions shall involve the export or
paying out of any gold or silver coin
transfer of credit
or bullion or currency, the
from the United States to any place abroad,
or an increase in the total amount of gold held by such Federal
reserve bank under earmark for foreign account.
REGULATION SUBJECT TO MODIFICATION.
The regulation above prescribed is subject to modification
or change from time to time,
W. H. Woodin
Secretary of the Treasury
Approved:
March 8, 1933,
Reproduced from the Unclassified I Declassified Holdings of the National Archives
— ------ --------— ------
d e c l a ssif ie d
j Authority £0\ OC}Q
REGULATIONS Off THE SECRETARY OF THE TREASURY«
Issued March
im
10.
1933*
**
AUTHORITY FOR REGULATIONS,
Pursuant to the authority granted to the Secretary of the
Treasury by the proclamation of the President of the United States
issued March
6,
1933, declaring a bank holiday throughout the United
States from March
6,
1933, to March 9 , 1933, inclusive* and by the
proclamation of the President of the United States issued March 9 t
1933, continuing in effect the terms and conditions of the said
proclamation of March
6,
1933, until further proclamation by the
President, the following regulations are hereby made and promulgated*
16*
PAYMENTS FOR SUBSCRIPTIONS FOR TREASURY BILLS OF THE UNITED
STATES DUE ON MARCH 6, 1933.
All banking institutions are hereby authorized to take such
steps and carry through such transactions as may be necessary to com
plete for their own account, or the account of their customers, pay
ment on any subscriptions for Treasury b ills of the United States
for which payment was due on March
6,
1933*
17.
6,
1933,
CHECKS ISSUED PRIOR TO MARCH
Any banking institution may, when the owners consent
thereto, pay checks issued prior to March
6,
1933 and received in
Reproduced from the Unclassified I Declassified Holdings of the National Archives
—
— -- -
.. .
d e c l a ssif ie d
I
Authority
£Q
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due course of 'business by the drawee banking institution, by charg
ing the amounts thereof to the accounts of the drawers and crediting
such amounts to the accounts of such owners on the books of the
drawee banking institution.
-REGULATIONS SUBJECT TO MODIFICATION#
The regulations above prescribed are subject to modification
or change from time to time.
W. H . Woodin
Secretary of the Treasury.
Approved!
March 10, 1933.
@FedFRASER