Salt Lake Telegram | 1933-09-06 | Page 1 | Western Banks Study Deposit Guarantees

Western Thinks Banks Study Deposit Depos t Guarantees T I ISAN SAN FRANCISCO Sept 6 G UP- UP Application of of he ne v federal bank barth deposit guarantee e to the Twelfth federal federal fed fed- eral oral r reserve district was discussed here today by financial of the sev seven n states in the dis- dis district dis Isaac B. B Newton Newlon federal reserve bank chairman chairman announced announced the purposes pur purposes poses of ot the conference In banking circles hero here it vas believed the conferees conferees con con- sought to determine the amount of capital requited required in each state the number of ba t bui qualifying and ond the participation a of or nonmember The guarantee gu ran tee law becomes effective Janu y t y I 1 1934 Attending meeting were state banking o officials Ci i iJ Is' Is and Reconstruction Finance corporation representatives from Arizona California Idaho Nevada Nevada Ne Ne- vada ada Oregon V h and Washington V