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Show WhatBanks CqriDo u. & xuu;:ss "WASHINGTON, March 1 UV-Under, UV-Under, regulation Issued by Sea-' Sea-' rotary Woodia beaks are -permitted ta exercise tha following functions: L Handle drafts Other dorwnaer! la eonnertloa with shipment tranaxxsrtalioa or da-livery da-livery of toad ar toed products. i. Accept payments am aa count of or la settlement ot abU gallons due It by It customers. t. Make Chan-. a. Allow customer free as. cess to safety deposit boxes. g. Cash checks drawm an tha treasurer of tba United Bis tea. an the condition that aa Bold or old certlflcala ba paid out C Return without restriction ' all cash, checks and other Item delivered for deposit or colleo. Hon after the last closing ot business busi-ness hours and which kava not been entered am tha banks' books. T. Psy out without restrict lo new deposits mad ta special "trust fund accounts," an the eon. dltioa that no fold shall be paid out S. Complete settlement lor checks charted to aeoounls on ar before March 4. provided tha completion doe not Involve pay. inent ol money or currency. B. Return to customers doru. menta and securities held for sale- Lxercle usual banking functions to provide for abeo lutely aoceaaary needs of communities com-munities lor food, medicine, relief re-lief ot distress, payrolls aad expenditure ex-penditure to maintain employ menu 11. Deposit collateral ta tha United State to secure advance to branches In foreign countries. 11 Clearing house associations conditionally authorised to Issue certifies tee against squad assets ' of banking institutions, but not befora Friday. - Authorisation revocable at discretion of secretary secre-tary of the treasury. 11 Banks authorised to continue con-tinue to act as trustee, executor, administrator and other estate functions, provided no currency or coin paid out 1:1 ut::i - , , . V ' ' ' During the balance ef the hoM. day, ar up to Friday, ralsislin sn Bounced by Secretary at tha Treasury Weodia, a spoiled to -Ulsh under tha ntanaloat ot tba talo holiday by Governor Blood. -will permit thaa . lunstlons -by Vtak bankat I Bank may Bald cash to payment at drafts wtth bill at lading . attached covering shtp meals of perishable toodstaf fa, I Bsnhs may accent pajasauta . .oa account ol or to seUiesnent sd , - sol la Hone due them by their cos.. . tomera. However, soene which , mature during the houdsy do not become due until aftar tha hoU- svlaaaks'wm furnish faculties ' tor tha making of change. ! a Customers r allowed tree - arc am to safety deposit boas and I safes. - I Banks may -cash - check drawn en tha treasurer at the-United the-United Bis tea, an th conditio that no gold or gold certificates ha paid out a Banks msy return without restriction all cash, check and other Item delivered tor deposit or collection after the tost closing clos-ing of business hour and which hav not been entered on th ' bank books, i This is interpreted to mean that checks returned WlU be returned without protest. T Banks cannot aoospt any. new deposits, even la special. . trust fund accounts.' B Utah's holiday prohibit complete settlement for. checks . char fed to account on or befora March 4, a per nulled by Secrw tary Woodia. B Banks sen return to custom. rs documents and certificates held for safekeeping. Utah bonk have maintained thl yractlew throughout tha holiday. Fund', and property are held for sale keeping, with holiday receipt 1--. sued to permit return ot antlron amounts at any time. ' 10 Under the Utah holidsy. banks ar not permitted to eaer rise usual banking functions to provide lor necessary- needs ot communities for food, medicine," ' relief ot distress, payroll and ea- penditure to maintain employe Stent 11 Utah banka cannot deposit collateral In tha United State to secure advances to branches In, foreign countries. This situation Is not generally applicable to Utah. IS Salt Lak and Ogdan bank ara are preparing a certificate . plan, which they hop to make ; effective Friday with reqaieita approval ot assoc Is lions and action ac-tion by th legislature. Interpretation Interpre-tation ol Secretary Woodm , twelfth regulation I being aougbt. la Utah bank continue act Ing aa trustees snd administrators administra-tors and to register stocks aad bonds, but tbey cannot pay But . ash la such traawscuooa. . |