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Bank Deposit Withdrawals Restrictions Declared
The document outlines banking rules on deposits amid financial unrest. It sets February 11 1932 noon as a cutoff for cash interest payments upon savings and time deposits. It allows five percent monthly withdrawals from pre February 11 1932 checking accounts. It prohibits restrictions on withdrawals from savings or checking deposits made after February 11 noon and lists exceptions for public funds executors guardians and certain trust funds.
MENTIONED IN THIS ARTICLE
Internal Revenue