Evening Republican, Volume 18, Number 210, Rensselaer, Jasper County, 5 September 1914 — Reserve Banks Open Within Six Weeks. [ARTICLE]

Reserve Banks Open Within Six Weeks.

Washington, Sept. 4.—After an all day conference with clearing house delegates from many large cities the federal reserve board . has announced tonight it would proceed immediately with the organization of the twelve reserve banks provided for by the new currency system. Although predictions were lacking it is generally accepted that the system can be put in operation about October 1. The actual opening may be delayed but it was said that twelve banks would be ready for business within the next six weeks.