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BIG DEPOSITS AT LOCAL BANK SINCE OPENING MORE THAN $50,000 OVER AND ABOVE WITHDRAWALS IN FIRST TWO DAYS AFTER RESUMPTION OF BUSINESS On Wednesday and Thursday of this week, the first two days the First National Bank was opened for business since the moratorium, deposits amounted to more than $50,000 over and above withdrawals. This, said Wm. R. Porter, president, was the one feature out of the usual normal business of the institution and was gratifying in the extreme. Now, he told The Citizen, we are working on a regular normal basis and "proceeding along the even tenor of our way." The only restrictions placed on withdrawals are those against hoarding. This phase is covered in two paragraphs of a regulation sent out by the secretary of treasury, the gist of which reads as follows: "No institution shall permit any withdrawals by any person when such institution, acting in good faith, shall deem that such withdrawal is intended for hoarding. "Any banking institution, before permitting the withdrawal of large or unusual amounts in currency, shall require said person to furnish a full statement, under oath, showing the purpose for which the currency is needed."
