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STATE BANKS Banking Com'r Gives Banks Authority to Do Full Banking Business Mar more state banks which not members of the Federal Reserve system today had been given leases by the state banking open their doors unlimited business They will, however. be subject to the Presidential order against withdrawls deposits for hoarding purposes. Today's releases brings the numof state banks and trust companies which have been opened during this week to 156 out of the 434 financial in Michigan The number also in addition the National banks released federal The releases are grouped as lows of 314 state banks which are members the Federal svstem 110 have been opened 99 state banks which of the Reserve system 35 been opened by federal order Of the 14 trust companies under juristiction of the state banking department six have been released Of the seven industrial banks the tate five open Today's releases Luther State bank Luther: State bank of Boyne Falls Ypsilanti Savings bank: State bank Marine Savings bank. Marine State bank Alpena: Wyandotte Savings State Lank West Branch and the Citizens Savings bank of Clare In announcing this list state banking commissioner reiterated statement that failure of banks receive leases today does not incan they in danger In instances said the de'ay caused by of department to comcheck of