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New Mexico Banks Active 42 Of State's 48 Reopen For Normal Business; Deposits Exceeded Withdrawals. Albuquerque, March 15 (AP). -At least 42 of New Mexico's banking institutions, both national and state, resumed business today without restrictions other than those placed by President Roosevelt on hoarding. Up to noon 20 of the 22 state banks were open under orders from Jon Bingham and 22 the 26 national banks were doing business under permit from the secretary of the treasury. The banks, reported closed, were as follows: First National bank, A1buquerque; First National bank, Gallup; First National bank, Las Cruces: First National bank, Lordsburg: Merchants State bank. Gallup, and the First Savings Trust company, Albuquerque. The two state banks awaited opening of the national banks in Albuquerque and Gallup before they resumed business. Deposits Exceed Withdrawals. Reports from over the state indicated the public was more interested placing deposits in the banks than withdrawing money most cases deposits exceeded the withdrawals. Word came from Washington that Senator Bratton took with the treasury the banking situation affects New Mexico and the banks there not licensed by the treasury reopen. The senator explained the state's banking institutions somewhat in doubt as to some of the treasury's actions and he sought an planation so that he could advise them. rapidly as the information is supplied, Bratton said, it is being sent interested persons in New Mexico, with the explanation most of it is confidential matter.
