Full text of District Notices (Federal Reserve Bank of Dallas) : Regulations Issued by the Secretary of the Treasury Under the President's Proclamation Declaring a Bank Holiday - Continued

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FEDERAL RESERVE BANK
OF DALLAS

Dallas, Texas, March 21, 1933.

Regulations Issued by the Secretary o f the Treasury under the
President’s Proclamation Declaring a Bank H oliday—
Continued

To the Bank Addressed:
Supplementing our two circulars of March 18 on the above subject, the Secretary of
the Treasury has issued the following:
Regulation L— Authorizing special trust accounts, etc.— Re-deposit of Segregated Funds.
“ Deposits of the kinds described in Regulation number 7 and number 15 are not
subject to the provision of Regulation number 23.”
Interpretation 12— Restricting withdrawals of State Member Banks who have not been
issued licenses for full reopening.
“ Regulation number 27 is interpreted to permit any banking institution acting
thereunder to carry on such usual banking functions as may be essential to permit
restricted withdrawals and payments authorized by such regulation, subject to all of
the provisions and restrictions therein contained and except as otherwise prohibited.”

Yours very truly,

Governor.

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)