Show MEANS TO THAW CREDIT SOUGHT Treasury Would Release 5 Billion Deposits Idle in Closed Banks By RICHARD L. L GRIDLEY Unit United d Press Financial Correspondent WASHINGTON April Gulding 19 Guiding 19 Guiding heads leads of ot the federal reserve system today oday sought means of s speeding eding the reopening copening of banks in which more than han of deposits 13 lay idle and nd inaccessible Governors of the 12 regional reserve reserve re- re serve erve banks summoned to meet with Secretary of ot Tre Treasury Woodin and the he federal reserve board also expected cx- cx to consider ways was of ot encouraging ing ng banks to loosen up on loans and get et mone money into industrial and trade channels where it will stimulate busi- busi ness Since banks began to reopen l after the he emergency holiday last month approximately out of have ave resumed operations freeing approximately approximately ap- ap proximately of the country's deposits The administration The while gratified with ith the of banking operations operations oper- oper ions generally generall is concerned about distrIcts not ct provided with ample banking facilities ac Some Sonic situations have ave been remedied h through c opera opera- live ve action of the Reconstruction Fi Fiance Fi- Fi mince ance corporation and local inter- inter ests estS Other communities have not noten been xen en so fortunate Secretary Woodin hopes lopes the reserve system heads can cm find ind was ways of expediting g the reopen reopen- He Is also seeking to bring pressure on n reo reopened ned banks banks to to do their utmost their utmost to o help elp along the recent upturn in I business Reluctance of many banks to loan money because of fears tears of demands of f depositors has been cited as a fac- fac tOl br- prolonging or the depression ion The administration is js expected to point pint out to the federal reserve oUi off off- who will pass along the word to banks anks in their districts hoard that ng ing of banks is no longer and necessary ss that they must again begin to make to loans to small men and home owners rs An tAn almost unlimited supply supply- of extended once bankers f eel that th the bottom has been reached Large arge cash resources will then no longer be necessary to meet some ome sudden depositor demand and bankers bankers' bank- bank ers era rs will be assured that new new- loans eve eventually u lly will wB be e paid o off 1 I |