Show i BANKS MERE HERE SOUND SOUM FEDERAL RESERVE OFFICER SAY Robert B. B 3 Motherwell manager manager man man- ager pf of the he Federal 11 Reserve bank s id that in his opinion the closing of the National City bank would not affect the local oca banking situ situation The banks of this city are sound he de de- de dared There is no reason for alarm on the part of tors People unfamiliar with tho the principles underlying banking often misjudge the significance of a sing single institution closing I think there has been a slight tendency in the local ocal situation Mr i Motherwell explained to unnecessary alarm and it may maybe maybe maybe be said that banking here hero is ona on ona a splendidly safe and sound basis |