Banks to end 3 pm closing for district banks
Washington Clearing House Association votes to standardize 2 pm closing for all member banks starting August 1 to ease clerical strain amid Liberty Bond and war savings stamp activity. A bond conversion booth will open July 16 at the Treasury for converting bonds into 4% issues, reducing bank handling and labor, with a November deadline for conversions and specific forms and procedures outlined by the Treasury.
MENTIONED IN THIS ARTICLE
Washington
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Secretary of the Treasury
Treasury Department
District of Columbia
British Banking Confidence Shapes Global Credit
The text argues that banking credit rests more on public confidence in bankers than on gold reserves. As confidence rises, banks can operate with less gold as reserve against bank liabilities, a fact often overlooked in discussions of monetary systems.
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Andi
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Powith
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Otto
Astard
Notary Public
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the Conditios
the Ligerty Savings Bank
Por
Wwe
National Metropolitan Bank Columbia
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Q ’Washington
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