Global Dollar Quotation Halt Amid Bank Holiday
The American bank holiday halted dollar quotations abroad as markets tracked developments in New York and Washington. Reports from London, Paris, Berlin, Madrid, Tokyo, and other centers note varied exchange moves, bank actions, and consumer impacts including halted transactions and travel_checks changes. Government and bank responses differ by country, with some preserving gold standards and others suspending or restricting dollar dealings.
MENTIONED IN THIS ARTICLE
New York
Washington
London
Bank of England
Federal Reserve
Liverpool
Paris
Berlin
Reichsbank
Rome
Madrid
United States
Amsterdam
Holland
Basel
Bank For International Settlements
Vienna
Lisbon
Johannesburg
Cairo
Tokyo
Yokohama
Kobe
Shanghai
San Juan
Puerto Rico
Beverley
Havana
Machado
Montreal
Bank Holiday Proclaimed To Halt Gold Hoarding
Franklin D Roosevelt issues a national bank holiday from March 6 to 9 1933 to suspend all banking transactions in the United States and its territories. Banks may be allowed limited functions while the Treasury Governor can authorize special accounts to receive new deposits. The order aims to prevent export and hoarding of gold and silver coin bullion or currency.
MENTIONED IN THIS ARTICLE
Franklin D. Roosevelt
United States of America
United States
Treasury
Secretary of the Treasury
Federal Reserve Banks
Banking definitions and presidential signature text excerpt
The passage defines Wing Institutions as federal reserve banks national banking associations banks trust companies savings banks building and loan associations credit unions or other entities involved in receiving deposits making loans discounting bank paper or related banking activities. It closes with the signature of Franklin D. Roosevelt and the presidential seal.
MENTIONED IN THIS ARTICLE
Federal Reserve Banks
United States
Franklin D. Roosevelt
Minnesota Hopes To Reopen Banks In 1930 Plan
Minnesota moves to reopen banks Tuesday under new legislation awaiting approval from the U.S. Treasury. Governor Floyd B Olson, ill with appendicitis, summons legislature to reconvene to pass the plan drafted by banking commissioner John Peyton after talks with bankers. Clearing house certificates or cashier checks would be issued backed by bonds stocks or mortgages at 100 to 120 value and deposited with the Federal Reserve Bank of Minneapolis.
MENTIONED IN THIS ARTICLE
ST. Paul
Mar
Minnesota
Federal Reserve Bank of Minneapolis
Governors Endorse Roosevelt Holiday Plan for Relief
Governors White of Ohio Green of Rhode Island and Buck of Delaware approved Roosevelt’s four day holiday and gold embargo plan in a Washington conference. The meeting discussed tax curtailment federal unemployment relief and federal aid via noninterest bearing notes as a path to putting men back to work.
MENTIONED IN THIS ARTICLE
Washington
Mar
Roosevelt
White
Ohio
Green
Rhode Island
Buck
Delaware
Secretary of the Treasury
Gov. Pollard
Virginia
Senator Walsh
Massachusetts
Ely
Gov. Ross
Idaho
Holidays Are Called Exempt From Freight Credit Periods
The Interstate Commerce Commission ruled that bank holidays and bank moratoriums can be excluded from the computation of credit periods for paying freight charges. The decision followed conferences between carrier representatives and the commission.
MENTIONED IN THIS ARTICLE
Washington
Mar
Interstate Commerce Commission
Commission
N D Lawmakers Hold Deadlock Delaying North Dakota Session
BISMARCK ND March 6 A deadlock over funds for state educational institutions forced continuation of the legislature. The House finished its work before noon while the Senate remained in session. Lawmakers halted the clock at midnight and have worked since with few breaks, delaying adjournment beyond the planned 60th day.
MENTIONED IN THIS ARTICLE
N. D
Bismarck
N. BD
North Dakota
House
Senate
Lewis Push for Peek Candidacy for Assistant Secretary
Senator J Hamilton Lewis of Illinois announced plans to back George Peele of Moline for assistant secretary of agriculture in charge of farm organization. He expected Senator Dieterich to also promote Peek, calling him eminently suited by long experience in firm work.
Urges Full Guarantee Of Deposits In Banks
Senator Thom as D Schall of Minnesota en route to the funeral of Thomas J Walsh in Montana said today he believed the government should guarantee bank deposits 100 percent. He has advocated that the government fully guarantee deposits for two years and will continue to do so.
MENTIONED IN THIS ARTICLE
Chicago
Thomas D. Schall
Minnesota
Thomas J. Walsh
Montana
Schall
Race Tracks Close Because Of Holiday
The banking situation led to the temporary closing today of the New Orleans and Aqua Caliente race tracks but Hialeah Park at Miami went ahead as scheduled. In Havana Oriental Park officials saw no need for a shutdown, saying the U.S. money supply was not affected.
MENTIONED IN THIS ARTICLE
New York
Mar
New Orleans
Hialeah
Miami
Havana
Oriental Park
United States
Bank holiday sparks humorous coping with cash crunch
Americans cope with cash shortages as banks close and hoards of funds vanish. Hoovers and Pinchots endure with small amounts while Broadway theaters accept checks and hotel guests barter with scrip. Railroads, airlines, and churches join in, as New Yorkers and others trade in merchandise and sympathy for spare change while authorities delay action.
MENTIONED IN THIS ARTICLE
New York
Broadway
Also Mentioned on This Page
America
Britain
The
Associated Press
By Raymond Crowley
Hoover
White House
Pinchot
Gov. Pinchot
Pennsylvania
Hollywood
Jack Oakie
Dallas
Tex
Bernice Claire
Alexander Gray
Pamdena
John M. Nichols
Daily News
MacDonald
Huron
South Dakota
Fahrendore
Osborn Clothing Co
Eilers’ Furriers, Inc
Habicht
Calmenson Clothing Co
Lauter’s Grocery
Wagner
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