Salt Lake Telegram | 1934-04-25 | Page 1 | Branch Banking Bill is Passed by Senate

BRANCH BANKING BILL BILLIS I IS PASSED BY SENATE WASHINGTON April 25 Thc IP-Thc senate today passed and sent ent to the house the Fletcher bill authorizing national banks in territories or possessions poSe pos sessions ot of the United States to lish branches In connection with certain national nation al banks already established in the territories and or of the U.S. U.S. U. U S. S said aid the committee report on the bill it is deemed essential from the point ot of view of economical and profitable operation that such banks should under certain circumstances establish and operate branches In the territory or possession in which they Ire are situated