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HOUSE MAY ACT ON BILL BEFORE TONIGHT (Continued from Page One.) authorized prescribe the terms and conditions under which both commercial and savings posits may be received, conserved and withdrawn. Can Limit Withdrawals The banking commissioner may authorize boards of directors limit withdrawals and operate under emergency rules when the directors deem such action advisable. The banking commissioner. with the approval of the governor. may order receiver appointed for any bank when such action is deemed necessary to conserve the rights depositors or when banking laws have been violated. banking with the of the ganization procedure. The act would interfere, with depositors agreements now in force or made hereafter. except that such banks immediately would come under the supervision the state. Reserve funds of banks in another bank would become trust funds to "treated at all times trust fund and preferred posit, may withdrawn such bank or trust pany at any in whole or in part upon List Michigan Loans Washington, March complete list of loans granted by the finance corporation to Michigan banks in January follows: Commercial and savings bank of Albion, Farmers State of Alto. $20,000; Old Bank Trust Co. of Battle tional bank and Trust company of Benton Harbor, (receiver) $90,000; change state bank. Carsonville. state bank of Cedar $18,000; 500; State the Covert National bank of Dearborn First First National (receiver) bank of Eaton Rapids, $9,010: Genesee County Savings bank, Peoples County bank of National bank. Hart, First State and Savings bank. Holly, $26,000: the Inkster National bank (receiver) $20,000 First National bank in Manistique $10,000: Bankers Trust company of MuskePort Austin state gon. state bank. Portland. state bank of St. State Savings bank Scottville Citizens State bank Ubly National bank of interest rate percent in The all cases except the following BatCreek and Benton Harbor percent.
