Emergency Banking Act Summary From Washington Headlines
Washington outlines emergency banking measures granting Federal Reserve access to bank assets, appointing conservators for impaired banks, and extending wartime powers during national emergencies. The act empowers the president to regulate foreign exchange and credit, with the Reserve Board able to exchange gold holdings for other coin or currency.
MENTIONED IN THIS ARTICLE
Washington, D. C
Federal Reserve Banks
Secretary of the Treasury
Federal Reserve Act
Reserve Board
Federal Reserve Bank
Banking Reform Act Extends Powers to Financial Bodies
The act allows reorganizations with depositor or stockholder consent thresholds, permits federal banks to issue preferred stock with OCC approval, and exempts building and loan associations and similar entities. It allocates 2 million dollars to the president for discretionary use to implement provisions.
MENTIONED IN THIS ARTICLE
Savings and Loan
Volcano Quizapu Active Again Near Talca Chile
Volcano Quizapu has shown renewed activity near Talca Chile with rising steam and ash issuing from the crater. Reports note volcanic emissions were observed on March 10 and authorities warn residents to monitor updates and follow safety guidance.
MENTIONED IN THIS ARTICLE
Talca
Ghile
Marth
Quizapu
Sinake
Ager
Esater
Gold Flow Rouses Public Rush To Banks In New York
New York on March 1 reports massive gold hoarding as citizens rush to banks to exchange coins and bars for cash amid government penalties. Reports from Federal Reserve districts show rising gold returns, with estimates of up to 200 million restored to reserves and penalties looming for hoarders.
MENTIONED IN THIS ARTICLE
Reserve Board
U. S
Federal Reserve Iystent
Federal Reserve
Bapkers
New York
Gan
Aldrich's plan shocks Wall Street over banking split
March 1 report from New York describes Senator Aldrich urging a strict division between deposit taking and investment banking. It notes the collision with John D. Rockefeller interests led by Morgan influenced banks, including Chase National, and highlights Rockefeller Jr.’s growing clout after merging Equitable into Chase.
MENTIONED IN THIS ARTICLE
York
National Bank
Winethrop W. Aldrich
Chase National
John D
Rockefeller Industrial-financial Dynasty
Wall Street
Aldwich
John D. Rockefeller
J. P Morgan
City Bank Farmers Trust Company
Aldrich
Morgan Firm
England
France
United States Steel
American Telephone
American Can
Federal Reserve
Rcceptances
Bank of Deposit
Marian and Company
Chase Bank
John D. Rockefellers
Peeming
Dows
Morgan
Fac
John D. Rockefeller Jr
Equitable Trust Company
Equitable
Rockefellers
Chase
Banx
Joly D. di
Albert H. Wiggin
Chaiirman
Wiggin
Gold Flows Into Dallas Reserve
WALVAS Maral reports large quantities of gold coin and fold certificates being burned into Dallas reserve vaults. Armored cars delivered about $260,000 in gold from Brownsville en route to Chase National Bank in New York by express. An embargo halted export to Mexico City and the gold will be held temporarily.
MENTIONED IN THIS ARTICLE
Walvas
Maral
Pedstal
Brownlee
New York
Express
Yeaterday
Largo
Mexico City
Roosevelt
Clare National
Secret farm aid meet held in Washington DC
Forty representatives of farm organizations met with Secretary Wallace in Washington behind closed doors to discuss an agricultural relief bill for the current crop year. A draft bill circulated among leaders included elements of the previously failed domestic allotment plan and proposed land leasing for surplus crops, with tobacco and trees added. The plan would tax professors to fund distributions to beneficiaries.
MENTIONED IN THIS ARTICLE
Washington, D. C
Wallace
Mhembers
Department of Agriculture
Mrs Long Enters and Exits in Roosevelt Bill Fray
Washington March 10 Mary Long entered a hearing on the Roosevelt emergency banking bill, then left, after briefly interrupting the session with a “No Admittance” sign in the doorway. She later explained to reporters that Senator Gliss does not know as much about the bill as she does, highlighting tensions during the committee study of the measure.
MENTIONED IN THIS ARTICLE
Washington, D. C
Mary Long
Roosevelt
Gliss
Farmer offers 100 pounds honey and hog as tuition payment
In Sioux City Iowa on March 10 a farmer delivered a 100 pound hog and 100 pounds of honey to Morningside College and asked the school to accept it as payment for his daughter's tuition. The college authorities accepted the barter.
MENTIONED IN THIS ARTICLE
Sioue City
Iowa
Maretz
Morningside
College
Sobieski case set for March 27 in Ninety Fourth District
Indictments accuse Sobieski of conversion and theft of public funds linked to a $9,520 shortage in the county treasurer’s office and $10,000 road bonds found after sheriff inquiry. Trial postponed from January pending audit. audit confirmed the shortage. Educator Dead. Dr John Priest Greene, 53, former William Jewell College president, dies in Santa Ana California.
MENTIONED IN THIS ARTICLE
Sobieski
Delos Fhich
B. P. Lodon
Liberty
Marth
John Priest Greene
William Jewell College
Santa Ane
Calif
Proclamation Extends National Bank Holiday Until Further Notice
President Franklin D Roosevelt announces continued national emergency and extended bank holiday beyond March 9 1933 to maintain financial stability. Proclamation reaffirms authority under the 1917 act as amended and keeps all measures and regulations issued under the March 6 proclamation in full force until new notice.
MENTIONED IN THIS ARTICLE
Franklin D. Roosevelt
United States of America
Pran‘iin Roosevelt
United States
Columbit
Pranklin D. Roosevelt
Denver Police Study Kidnapping Case Details
Denver police rounded up local suspects in the Charles Boettcher abduction case as Carl W. Pearce, one of six charged in federal information, pleaded not guilty before a U.S. commissioner. His bail was set at 250,000 and he remained jailed. Police say he admitted transcribing extortion notes sent to Claude Boettcher while a suspect was held captive.
MENTIONED IN THIS ARTICLE
Denver
Denveh
Charles Boettcher
Carl W. Pearce
United States
Claude K. Haettcher
Issan
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Merysameks
Maria Loisa Arcelay
House of Representatives
Legislative
San Juan
H. A. Thomas
Offic AT
Shaw
Tratag
Jewefers
E. Houston St.—Thru
ST. MARY'S ST.—_GUNTER HOTEL
Ainer
Nto
Anto
Uncle Bane
Federal Reserve System
Federel
St. Louis
William McC. Martin
Pedera Reserve Bank
Treasury
Woodin
Cleveland
Reserve Bank
Plain Dealer
San Prancisco
Chicago
Richmond
George J. Seny
Philadelphia
Dallas Reserve
Walter Ani Catinurs
Toonerville
San Antonio
Mr. Long
Sdriege
Wolff & Marx
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