AMERICAN BANKS
—i OPERATIONS LIMITED EFFECT OF NEW ACT. _~-_ ' / NEW YORK, June 7. (Received June 8, at 5.5 p.m.) It is announced that after June 16 Morgans will continue as a private bank and will discontinue .the underwriting and offering of securities. The Federal Banking Act of 1933 requires that institutions engaged in both deposit and securities business must choose one or the other by the date mentioned.
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Bibliographic details
Otago Daily Times, Issue 22284, 9 June 1934, Page 12
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68AMERICAN BANKS Otago Daily Times, Issue 22284, 9 June 1934, Page 12
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