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Phoenix Banks Ready For Reopening When U. S. Gives Consent Clearing House Association Group In Quandary Over Situation As Result Of Holiday Extension; Scrip In Local Vaults ANGELES, Mar. Unable tion from for issuLos Angeles Clearing House Association's executive committee tonight with immediate plans circulating the substitute currency. Officials announced that banks erate limited basis, as in the past. PHOENIX Clearing House Association and representatives of its member banks went conlast night in effort determine their der the new proclamation of President Roosevelt, extending indefinitely modified bank holiday. Desirous opening the earliest consistent with federal regulations and in keeping such modifications banking holiday proclaimed by Governor Moeur he might make, banking officials they would fully prepared resume business under scrip plan whatever strictions might be promulgated by Secretary Woodin. Puzzled Status banks, changed 80 rapthe hours and midnight that local finance leaders were quandary as to what they might be permitted and Cognizant real need for bank. ing facilities, tirethrough the week to perfect plans for throwing open their doors should received from Washington and from Governor Moeur. When President Roosevelt affixed his the national emergency banking act, passed by yesterday, reopening would be authorized Extends Holiday An hour howthe President his proclamation extending the moratoria for an period. Expressing themselves as "highly after reading the national banking legislation, extending to President almost dictatorial financial local bankers (Continued On Page Col.