Ogden Standard-Examiner | 1924-04-27 | Page 27 | Propose Baill to Aid Banks

PROPOSE BilL TO AID BAS BANKS WASHINGTON April 26 The Th McFadden bill was as reported favorably to the house today b bit Its it banking committee without substantial change as n Introduce 1 by Representative McFadden of P anla li ania chairman o ot of th the committee Designed to place national banks more nearly on a II par with state banks bank the measure would stOp I Ithe the further extension of ot state state- statewide statewide wide Ide banking In the fed fed- cial etal resene system b by state mem mem- member member ber banks and would permit na- na national national na national banks s to have ave branches In those cities cilles where state banks are allowed to have hae them under tate state la laws In Its report the committee de- de declared de declared dared that the nation b a banking 5 stem Is facing an emergency I which affects It Its very tery ery e and ultimately the existence ot of othe the federal reserve system B otI I