Show public confidence returns return direct information indicates conclusively clu that the banking situation is sli owins definite and steady improvement TF J F T oconnor comptroller of the currency of the united states said in a recent address he pointed out that the decided drop which has occurred in money in circulation shows the public lias 1133 largely ceased hoarding ou on march 1 I 1934 1931 the federal reserve board reported that tie the volume of money in circulation amounted to which was a decline of since march 1 1933 it was a drop droll ot of or over 29 09 per cent front from the all time peak of reached on march IS 13 1933 about one halt bale the decrease it was pointed out reflected the return of currency from the public money in circulation declined rapidly y after the reopening of the banks in march 1933 and has continued since to decline from week to week not with standing the increase in the demand tor for currency arising from enlargement of pay rolls and increase lit in tho the volume of retail trade tile comptroller said which he added indicates a continued return of money from boa boards r d as b banking an k facilities were reestablished reeta blib |