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ALABAMA BANKS GET RFC LOANS Receivers Of Institutions Are Granted Capital By Government By Herbert Little WASHINGTON, May Reconstruction Finance Corp. today announced authorization of loans during February of $367,000 to receivers of six subscription of $300,000 preferred stock in Selma and Birmingham banks, and $25,000 loan to the Morris Plan Bank of Birmingham, on the stock of the Industrial Savings Bank of Birmingham. largest $250,000 for five per cent ferred stock of the Selma Savings Trust Co. subscription made the Savings Bank Birmingham. These were authorized but not actually withdrawn the February The to bank carrying five per cent cluded the Farmers Bank Trust $98,000 the Tuskegee, and to the Macon County Bank Tuskegee. The total authorized advances of for the month reduced slightly cancellations previous authorizations amounting $415,000.