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Iowa Banks-- (Continued From Page depositors withdrawing more than $500 in cash. Others to Open Wednesday. National banks and other federreserve member bank smaller cities that upon examinabeen by the tion have department as sound treasury probably will be opened Wednesday for full business without strictions, except as to currency Possibly few outside hoarding. Moines will be opened today. Reopening of these banks is derstood mean that the government's certificate authorizing sumption of business with the implied pledge the federreserve system provide these credit or currency they may need. Under 111. State banks Iowa that are not federal will continue under 111, the new law. As examinations are completed these banks judged sound be released from 111 and those found not sound be reorganized or liquidated. Will List Releases. L. Andrew, state superintendent of banking, said Monday afternoon he would announce some time today the list of state banks which would released from the restrictions of 111. These banks, he said, would be permitted to operate without restrictions. Only banks which are at least 50 per cent liquid will be on the list, Mr. Andrew declared. All But 24 Open. All but 24 of the 626 state banks Iowa opened Monday under 111, Mr. Andrew said. He pected these 24 apply for their today. Delay service kept these banks from receiving applications time to apply for licenses Monday he said. Although state banks were limited Monday under 111 to receipt of new deposits, many banks reported business,' and thousands of dollars were deposited throughout the state. Brisk Business. All Des Moines banks. the six state banks and three federal serve members, open for stricted business. The state banks reported brisk new deposits. The federal reserve expecting open today or tomorrow without restrictions, accepted deposits, but in some cases asked depositors wait until today, when was expected federal licenses would received. Checks Cashed. The Moines National Bank Trust Co. cashed payroll checks Monday, if the checks were written on the bank's own depositors. Gold and gold certificates continued pour hoarding during the day. was estimated nearly $200,000 worth turned Des Moines banks. The Moines National Bank and Trust Co. received $100,000 worth gold coin $40,000 worth of gold certificates during the and shipped the entire amount Monday night to the federal reserve bank Chicago. The bank had shipped out $240,000 last Saturday. Gold Flows In. One package containing $2,000 worth of gold certificates had been "hiding" since 1926, according to the teller's stamp on the package. The Central National bank ported $9,000 in gold coin and gold certificates turned Monday, the Bankers Trust Co. $5,000 gold and in gold certificates from persons are following out government orders to bring in hoardgold. The Home Savings bank report$10,000 in gold certificates and $500 in gold, while the Capital City bank received $5,000 coin and certificates. The First Federal State bank reported between $500 $600 and the University State bank estimated gold receipts at $300. Waterloo Special. The Waterloo Savings bank operated Monday without restrictions under state banking authority. All deposits made and new deposits accepted. Checks were cleared and every of banking business transacted for the first time since Mar. will close tonight with more cash than when we opened this morning. There are virtually no withdrawals," Robert W. Waite, vice president, and Miller, cashier, said Monday afternoon. The bank operated under telegraphic order from the state banking department saying "you are hereby released from the provisions senate file No. 111. Confirmation by