1690 PROCLAMATIONS, 1933. E Tradm.tct with the WHEREAS it is provided in Section 5(b) of the Act of October 6~ CatiODoCforelgn 1917, (40 Stat. L . 411) as amended, "That the President may investi-
- ,.charIp, coiD-export, gate, regulate, or prohibit, under such rules and regulations as he may
~ 40, f69~16. prescribe, by means of licenses or otherwise, any transactions in . p.. foreign exchange and the export, hoarding, melting, or earmarkings of gold or silver coin or bullion or currency * * * "; and t:tlel8peciftedror WHEREAS it is provided in Section 16 of the said Act 1/ that whoever • ~oI.;t·P. f26. shall willfully violate any of the provisions of this Act or of any license, rule, or regulation issued thereunder, and whoever shall willfully violate, neglect, or refuse to comply with any order of the President issued in compliance with the proVIsions of this Act, shall, upon con- viction, be fined not more than $10,000, or, if a natural person, im- prisoned for not more than ten years, or both; * * * " ; ~aDkl etc., holiday Now THEREFORE I Franklin D Roosevelt President of the dlCJ8leQ March 6 to {I, .' '.' • .' • ' 1083. Umted States of Amenca, III VIew of such national emergency and ARte, p.I. by virtue of the authority vested in me by said Act and in order to prevent the export, hoarding, or earmarking of gold or silver coin or bullion or currency, do hereby proclaim, order, direct and declare that from Mond~y, the sixth day of March, to Thursday, the ninth day of March, Nineteen Hundred and Thirty Three, both dates inclusive, there shall be maintained and observed by all banking institutions and all branches thereof located in the United States of America, including the territories and insular possessions, a bank tot,aokiDgt'J:s~tiyns holiday, and that during said period all banking transactions shall perlod~peD ur ng be suspended. During such holiday, excepting as hereinafter pro- vided, no such banking institution or branch shall payout, &port, earmark, or permit the withdrawal or transfer in any manner or by any device whatsoever, of any gold or silver coin or bullion or currency or take any other action which might facilitate the hoarding thereof; nor shall any such banking institution or branch payout deposits, make loans or discounts, deal in foreign exchange, transfer credits from the United States to any place abroad, or transact any other banking business whatsoever. AutrOCt~ Secre- During such holiday, the Secretary of the Treasury, with the ~1t t ~ ugn~ approval of the President and under such regulations as he may tiona. prescribe, is authorized and empowered (a) to permit any or all of such banking institutions to perform any or all of the usual banking functions, (b) to direct, reguire or l)ermit the issuance of clearing house certificates or other eVIdences 0 claims against assets of banking institutions, and (c) to authorize and direct the creation in such banking institutions of special trust accounts for the receipt of new deposits which shall be subject to withdrawal on demand without any restriction or limitation and shall be kept separately in cash or on deposit in Federal Reserve Banks or invested in obligations of the United States. " BaDldng institu· As used in this order the term" banking institutions" shall include tlons" construed. all Federal Reserve banks, national banking associations, banks, trust companies, savings banks, building and loan associations, credit unions, or other corporations, partnerships, associations or persons, engaged in the business of recClving deposits, making loans, discounting business paper, or transacting any other form of banking business.
