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COUNCIL BLUFFS, March City National bank of Council Bluffs opened for regular business Saturday morning for the first time since declaration of the nation-wide banking holiday, under authority received Friday afternoon from Secretary of Treasury Business heavy during the morning. but most of posits, according to bank officials. Reopening of the City National placed two Council Bluffs banks normal basis. The Council Bluffs Savings bank has reopened without restrictions by authority of the state. The State Savings bank operating under the state same status which occupied prior to the bank holiday All business of the First Na tional bank suspended Friday except giving customers access safety deposit vaults, following the appointment Frank Everest. president, as federal conservator protect the assets for depositors Application has been made to federal authorities for operation of the bank under the conservation the emergency banking law Permission for such operation expected be ceived in three days, cording Mr The directors and stockholders Friday afternoon determine whether the bank is operunder this plan to liquidate, but reached decision the decision operate the bank be open under fed eral restrictions until the governwilling grant license for unrestricted operation. the directors decide to liquidate. courses open right liquidation and reorganization, liquidation by turning the assets over to some the First National bank deoperate under tion the and perform such other banking the law specifically Its officers, in addition to Mr. Everest are Maxfield. vice president, and cashier.