Full text of Banking Holiday of 1933 : To the Licensed Member Banks in District No. 8: (Also for the information of Unlicensed Member Banks)

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FEDERAL RESERVE BANK
OF
ST. LOUIS
April 4, 1933.

To the Licensed Member Banks in District No. 8:
(Also for the information of Unlicensed Member Banks)
A telegram from the Honorable W. H. Woodin, Secretary of
the Treasury, is quoted in part as follows:
"Member banks which have been granted Federal
licenses to reopen are not permitted to take advantage
of any State stabilization act providing for limitation of
withdrawals or otherwise to operate on restricted basis.
You are authorized and directed to advise any member
bank which has been granted a license to reopen, that
unless it reopens to the full extent permitted by such
license, it will be necessary for me to revoke its license."
Will you please advise me if your bank is not operating to
the full extent permitted by the license issued to it.
Respectfully,
WM. McC. MARTIN,
Governor.