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Nov. 22 Seven banks in four states suspended business raising to 139 the total that have closed in the South and Midwest in the last Until today, bank closings in this area had occurred at the rate of 22 day The consensus among State banking depart ment heads was that the situ ation has been eased. REOPEN Bank and boards of operated in efforts speed the of those in stitutions financial affairs are in better number Arkansas banks already have resumed business, several through mergers with other institutions. Statements by officials of the majority of 15 Kentucky banks that were closed indicated that most of them were solvent. The resources of these institutions were at to The Arkansas banking department arranged to take charge of more than 30 banks that did not reopen today at the expiration of the five-day limit placed temporary suspensions by the State law. total of 65 banks closed in the state since rumors and heavy caused two suspensions in Little Rock. 15 C. BANKS CLOSED Three banks closed North Carolina today. increasing the total of suspensions in the State to Two banks were closed Missouri, the Bank Doniphan and the Pike County Bank of Bowling Green. Eleven State banks and one national bank are shut in the Heavy withdrawals during the last few caused the First Na. tional Bank of Newport. Tenn. to close. A bank notice blamed "malicious and false rumors' for the run. The State Bank of Kinbrae, Minn., was closed of un collected notes. The number of banks closed in other States follows: Indiana. Illinois. 5: Iowa, Kansas, and Nebraska.