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BREA BANK REOPEN UNDER FEDERAL PLAN Brea Oilfields National bank, one 375 national banks throughout the country set for reorganizain the plan to release still tied up, expects to be in full operation minor details are straightened revealed today by assistant Walker Davis, who has been charge conservator since the bank was closed several months ago. plan for the Brea institution was submitted to the comptroller of currency some time and approved by him. Meetings stockholders and depositors have been held and beyond some tape," the bank is ready for opening, was said. New stockholders have scribed $35,000 worth of stock and of this amount, $25,000 will be used as capital and $10,000 surplus. The F1nance has subscribed $25,000 of the capital, giving new capital of $50,000 and surplus of $10,000. When the bank is reopened, those who had money on deposit at the time the bank was closed, will be permitted to withdraw at least 65 per cent of their money, but not more than 75 per This is very generous amount comparison with banks where depositors been permitted to withdraw but small fraction of the money, was pointed officials have alrady examined the books of the bank and it expected that national bank and Federal Reserve examiners also will look over the books within short time.