Show U. U ft S. S PUSHES I PLANS FOR REOPENING OPENING HE BANKS STEPS TAKEN IN f MOVE DESIGNED TO o FREE CREDIT Jwo o Billion D Dollars lIars Tied Up p Institutions ns in 37 States Affected S Br BY Press WASHINGTON Sept Pushing 29 the thc administrations administration's plans to reopen 5 banks of ot the nation and expand purchasing pur pur- has completed com corn chasing power the treasury treasur details for reorganization of national banks in 37 stat states The action followed the recent administration ad ad- announcement that it ministration would hasten the reopening of banks release nearly two billions of dollars dpi dpi- dol dol- to lArs law attU tied up in the closed dared in- in jn in 5 S Announcement of of the approval al of the reorganization plans was made b by J. J F F. T. T O OConnor Connor comptroller of the currency whose department has been expanded to speed up the reopening P program OConnor O'Connor did not say how soon the banks would be open for business contenting 1 himself with making pub rub lie the list and saying the plans for tor reorganization had been approved b by bis office It is now DOW n necessary y forthe for forthe forthe the banks to follow the plans as outlined outlined out out- lined before they can receive licenses to reopen The last report on the general bankIng bank bank- bIg Ing situation showed banks of alt all kinds kind were operating September 22 on an unrestricted basis with deposits deposits deposits de de- de- de posits of At that time Ume 2575 banks with deposits of 1765 6 still were unlicensed That situation was laid before President President dent Roosevelt at a White House conference conference con con- ference last Sunday night At that time e it was said reorganization plans for more than banks had been approved and they w would be permitted permit permit- ted to resume operations when they had made the required additions to their capital The Thc banks to be reorganized Include In clude dude California Oldfield National Brea Citizens National Colton Cohen Coast National Fort Bragg Pasadena National National Na Na- Pasadena First National San Gabriel Colorado First National Boulder Grand Valley National Grand Junction Junc June tion Lamar National Lamar First National Paonia Idaho Lewiston National Lewiston Lewiston Lewis Lewis- ton First National Moscow Montana Farmers National Chi CM- nook Nebraska First National Aurora Central City National Central City City National David City Nebraska National Grand Island N New Nv w Mexico First National Al Al- Ore Oregon on First National First Inland Pendleton First National Nation Nation- a al aI Salem Texas Belton National N Belton B First National Dalhart First National Nation Nation- al Lovelady First National Santa Ana I First National Bremerton Bremerton Bremerton Brem Brem- erton First National Medical Lake Security National Palouse First National National Na Na- Reardan First National Ritz Ritz- yule ville Old National Spokane First National National Na Na- Sprague S |