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Topic: Emergency Banking Act


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In the News (Tue 23 Apr 19)

  
  Info and facts on 'Emergency Banking Act'   (Site not responding. Last check: 2007-10-19)
This act provided for the re-opening of banks after federal inspectors had declared them to be financially secure.
This act was a temporary emergency (A sudden unforeseen crisis (usually involving danger) that requires immediate action) solution to a major problem.
The 1933 Banking Act (additional info and facts about 1933 Banking Act) passed later that year presented elements of a more permanent solution, including the formation of the Federal Deposit Insurance Corporation (A federally sponsored corporation that insures accounts in national banks and other qualified institutions) (FDIC).
www.absoluteastronomy.com /encyclopedia/e/em/emergency_banking_act.htm   (170 words)

  
 Encyclopedia: Emergency Banking Act
Allowing a plan which would close down insolvent banks and reorganize and reopen those banks strong enough to survive.
This act was a temporary solution to a major problem.
On the morning after passage of the Emergency Banking Act, Roosevelt sent to Congress the Economy Act, which was designed to convince the public, and moreover the business community, that the federal government was in the hands of no radical.
www.nationmaster.com /encyclopedia/Emergency-Banking-Act   (445 words)

  
 New Deal   (Site not responding. Last check: 2007-10-19)
Three days later, Roosevelt sent to Congress the Emergency Banking Act, a generally conservative bill, drafted in large part by holdovers from the Hoover administration, designed primarily to protect large banks from being dragged down by the failing smaller ones.
The act proposed to balance the federal budget by cutting the salaries of government employees and reducing pensions to veterans by as much as 15 percent.
The AAA was the first program on such a scale on behalf of the troubled agricultural economy, and it established an important and long-lasting federal role in the planning on the entire agricultural sector of the economy.
bopedia.com /en/wikipedia/n/ne/new_deal.html   (4989 words)

  
 Banking Crisis   (Site not responding. Last check: 2007-10-19)
Small independent banks were two-thirds of all banks in the country and accounted for 40 percent of its capital.
Bank closings were sanctioned by the state and it was clear that if action was not imminent, the banking system would collapse.
By closing the banks, the administration was able to signal to the American people that it had secured their money-the bottom had been hit and there was no need to fear further losses.
xroads.virginia.edu /~MA02/volpe/newdeal/banking.html   (890 words)

  
 Emergency Bank Relief Act - Wikipedia, the free encyclopedia
It has been suggested that this article or section be merged with Emergency Banking Act.
Emergency Banking Relief Act (EBRA) of March 1933 allowed banks to reopen after Franklin D. Roosevelt's United States bank holiday when they had enough money, and received a license from the United States Treasury Department because they were capable of meeting all debts and financial obligations.
All other banks had to be sorted out and reorganized before FDR thought they were safe enough to reopen.
en.wikipedia.org /wiki/Emergency_Bank_Relief_Act   (174 words)

  
 Emergency Powers Fraud   (Site not responding. Last check: 2007-10-19)
The Congress passed the Emergency Banking Act without reading or debating it (some say a newspaper was put into the hopper to represent the bill, which was still being written), effectively suspending the Constituion and imposing martial law on Americans under the provisions of Article I, Section 9, Clause 2.
Once an emergency is declared, the common law and Constitutional guarantees are abolished, and we fall under the absolute will of the government, e.g., public policy.
On November 14, 1994, by Executive Order No. 12938, I declared a national emergency with respect to the unusual and extraordinary threat to the national security, foreign policy, and economy of the United States posed by the proliferation of nuclear, biological, and chemical weapons ("weapons of mass destruction") and the means of delivering such weapons.
www.wealth4freedom.com /truth/17/EmergencyPowersFraud.htm   (886 words)

  
 Banking Acts
Many banks found it difficult to continue and within a few years a fifth of all banks in America were forced to close.
On 9th March, 1933, Congress passed the Emergency Banking Relief Act which provided for the reopening of the banks as soon as examiners had found them to be financially secure.
There was one bank in New York, the Bank of the United States - in the wake of that closing, two hundred smaller banks closed because of the deposits in that bank from the others.
www.spartacus.schoolnet.co.uk /USARbanking.htm   (734 words)

  
 [No title]
The Comptroller of the Currency shall cause to be made such examinations of the affairs of such bank as shall be necessary to inform him as to the financial condition of such bank, and the examiner shall make a report thereon to the Comptroller of the Currency at the earliest practicable date.
Such deposits received while the bank is in the hands of the conservator shall be kept on hand in cash, invested in the direct obligations of the United States, or deposited with a Federal reserve bank.
The Federal reserve banks are hereby authorized to open and maintain separate deposit accounts for such purpose, or for the purpose of receiving deposits from State officials in charge of State banks under similar circumstances.
newdeal.feri.org /acts/US03b.htm   (1574 words)

  
 How Americans Lost Their Right To Own Gold
Banks, however, were required to turn over gold coin, gold bullion, and gold certificates "owned or received by them," to the Federal Reserve Bank.
The defendant demurred, alleging that the Emergency Banking Act was unconstitutional insofar as it purported to affect the private ownership of gold, and that Roosevelt's executive action taken thereunder was thus without authority and invalid.
Member banks shall deliver all gold coin, gold bullion and gold certificates owned or received by them (other than as exempted under the provisions of Section 2) to the Federal reserve banks of their respective districts and receive credit or payment therefor.
users.rcn.com /mgfree/Economics/goldHistory.html   (12545 words)

  
 The American Experience | Riding the Rails | Timeline (1933-1935)
Designed as a relief and employment program for young men between the ages of 17 and 27, the CCC was envisioned by FDR as a kind of volunteer "army" that would work in national forests, parks, and federal land for nine-month stints.
As part of the act, The National Labor Board was set up to negotiate disputes between labor and management.
The goal of the act was to validate union authority and supervise union elections.
www.pbs.org /wgbh/amex/rails/timeline/index_2.html   (974 words)

  
 Bonus March, Emergency Banking Act   (Site not responding. Last check: 2007-10-19)
The Emergency Banking Act was passed in 1933 and the gold standard, that is, the policy under which currency could be exchanged for a certain amount of gold, was abolished.
All the nation's banks were shut down; the Reconstruction Finance Corp. assumed banks' debts and helped to inspect them to be sure they complied with the new banking guidelines.
Americans were no longer scared that they would lose all of their savings in a bank failure.
www.owlnet.rice.edu /~mwfriedm/terms/linds_23.html   (350 words)

  
 Emergency Banking Act of 1933
The measure, which called for a four-day mandatory shutdown of U.S. banks for inspections before they could be reopened, sought to re-instill investor confidence in the banking system and thus, stability.
Collective fears of loss of individual savings as a result of bank failures caused massive runs on the banks, which only compounded the problem.
Roosevelt's actions helped partially restore credibility (and thus functionality) to the banking system and the creation of the Federal Deposit Insurance Corporation under this legislation helped provide a more permanent solution.
baystreet.investopedia.com /terms/e/emergencybankingact.asp   (174 words)

  
 Emergency Powers Statutes, Senate Report SR 93-549, November 19, 1973
American political theory of emergency government was derived and enlarged from John Locke, the English political-philosopher whose thought influenced the authors of the Constitution.
But emergency powers laws are of such significance to civil liberties, to the operation of domestic and foreign commerce, and the general functioning of the U.S. Government, that, in microcosm, they reflect dominant trends in the political, economic, and judicial life in the United States.
Their experience with emergency powers may not be irrelevant to the argument here that we should say that the Executive, of his own volition, can invest himself with undefined emergency powers.
www.barefootsworld.net /war_ep1.html   (6256 words)

  
 Jon Christian Ryter -- Enemies of The State
Such redefinition was necessary since the war powers authority Roosevelt was being accorded to deal with the national emergency granted him the right to seize the property of those who failed to comply with the laws which were being enacted.
The Emergency Bill begins with an admission that the new President and his Treasury Secretary had already broken the law; and were now seeking not only retroactive exoneration for those deeds, but absolution from future infractions of the Constitution as well.
As defined under the Act of October 6, 1917, American citizens were exempted from the classification of an "enemy." However, in the Roosevelt version, the only people under scrutiny for punitive action are American citizensÑor those who haplessly fall within the jurisdiction of the United States government.
www.newswithviews.com /Ryter/jon64.htm   (1897 words)

  
 Gold Confiscation & Emergency Banking Bill of l933
The Emergency Banking Bill of March 9, l933, was implemented by an Executive Order used by President Roosevelt in order to call in the domestic gold.
However, it was primarily a banking bill that occurred in the midst of a full-blown banking crisis that had shut down the banks and the financial markets.
401 of The Emergency Banking Bill of l933 is a keystone in the transition of the United States from economic capitalism to economic debtism.
www.gold-eagle.com /editorials_02/smithf022502.html   (3066 words)

  
 New Deal Timeline (text version)   (Site not responding. Last check: 2007-10-19)
Bank holiday ends March 10--banks can reopen when they prove that they are solvent.
Emergency Relief Appropriation Act authorizing almost five billion for immediate relief and increased employment on "useful projects," one of which is the Works Progress Administration (WPA).
Congress passes the Banking Act of 1935 that revises the operation of the Federal Reserve System, generally making banks more responsible and responsive to the public.
xroads.virginia.edu /~MA02/volpe/newdeal/timeline_text.html   (1463 words)

  
 American History Documents II
To provide relief in the existing national emergency in banking, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Congress hereby declares that a serious emergency exists and that it is imperatively necessary speedily to put into effect remedies of uniform national application.
If any provision of this Act, or the application thereof to any person or circumstances, is held invalid, the remainder of the Act, and the application of such provision to other persons or circumstances, shall not be affected thereby.
tucnak.fsv.cuni.cz /~calda/Documents/1930s/EmergBank_1933.html   (1430 words)

  
 Quotes-Banking
The issuing power should be taken from the banks and restored to the people to whom it properly belongs.
Ø The entire banking movement, at all crucial stages, was centralized in the hands of a few men who for years were linked, ideologically and personally, with one another.
If the banks create ample syn­the­tic money, we are pro­s­per­ous; if not, we starve.
www.gemworld.com /US-Quotes-Bank.htm   (867 words)

  
 The First Franklin Roosevelt Administration
The new president announced a "bank holiday" on March 6, 1933, and closed every bank in the country.
Banks in viable financial condition would be primed with Treasury money and permitted to do business again.
Emergency Railroad Transportation Act (June 16), to increase federal regulation of railroads; and the
www.u-s-history.com /pages/h1589.html   (1499 words)

  
 Successes and failures of Roosevelt's "New Deal" programs   (Site not responding. Last check: 2007-10-19)
On March 6, 1933 he shut down all of the banks in the nation and forced Congress to pass the Emergency Banking Act which gave the government the opportunity to inspect the health of all banks.
This act ended the sale of tribal lands and restored ownership of unallocated lands to Native American groups.
This act established a system that provided old-age pensions for workers, survivors benefits for victims of industrial accidents, unemployment insurance, and aid for defendant mothers and children, the blind and physically disabled.
www.bergen.org /AAST/Projects/depression/successes.html   (713 words)

  
 glass steagall banking act of 1933   (Site not responding. Last check: 2007-10-19)
Glass-Steagall Act An Act passed by Congress in 1933, that prohibited commercial banks from collabo.
… An Act passed by Congress in 1933, that …; firms or participating in investment banking activities.
Four sections of the Banking Act of 1933 are referred to as the Glass-Steagall Act.
www.clsc-chsldpetitenation.ca /glass-steagall-banking-act.html   (450 words)

  
 Is The U.S. Already Bankrupt? [Free Republic]
This act was instituted and established by transferring and/or placing the Office of the Secretary of Treasury to that of the Governor of the International Monetary Fund.
The Federal Reserve Act was legislated post-facto (to 1870), although post-facto laws are strictly forbidden by the Constitution.
They have created paper reserves in the form of government bonds which through a complex series of steps the banks accept in place of tangible assets and then treat as if they were an actual deposit, i.e., as the equivalent of what was formerly a deposit of gold.
www.freerepublic.com /forum/a38d183df1348.htm   (10034 words)

  
 Honest vs. Dishonest -- Legal vs. Illegal - Gold & Silver Forum
Yes Wrs and Money matters you all are going to see the truth and you ain't going to like it especially when you find that your current cherished beliefs that you have performed some favor or service that GOD is going to reward you for are false beliefs...
Sorry but I did pick up a red hot iron with my bare hands and my ignorance of the truth did not save me from paying for the evil act I had commited...Unless you are like me and accepted the reward as a reward...That was the reward GOD gave me for my ignorance...
People acting honestly is the answer and that is what Natural Law says as well as Biblical Law says and if you adhere to truth as your guide, then that is what your conscience should tell you as well...................
goldismoney.info /forums/showthread.php?p=139594#post139594   (5594 words)

  
 National Industrial Recovery Act
Touted by President Franklin D. Roosevelt as "the most important and far-reaching ever enacted by the American Congress," the National (Industrial) Recovery Act (NRA) was passed by Congress on June 16, 1933.
That New Deal law was designed to promote recovery and reform, encourage collective bargaining for unions, set up maximum work hours (and sometimes prices) and minimum wages, and forbid child labor in industry.
Later the National Labor Relations Board and the Rural Electrification Administration were passed by the Congress in order to replace the labor portions of the NRA, but Congress did not bring back the industrial code system.
www.u-s-history.com /pages/h1663.html   (856 words)

  
 THREE CLAIMS   (Site not responding. Last check: 2007-10-19)
Proof B: Law And Antilaw, 1995  ­ Perhaps the most important was the Emergency Banking Act of March 9, 1933, and particularly its amendment to the Trading with the Enemy Act of October 6, 1917, and its ratification of such executive orders as the
Federal Reserve Banking System was created and assigned monetary policy authority de jure Since 1913, the Congress has continued to give more authority and control of the money supply to a private banking monopoly which it mislabeled Federal Reserve.
If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.
www.wealth4freedom.com /truth/3_claims.htm   (2087 words)

  
 the emergency banking act - First Off - More the emergency banking act   (Site not responding. Last check: 2007-10-19)
The Emergency Banking Act closed the insolvent banks and only reopened the solvent ones.
Online banking is the process of conducting all or most of your banking transactions with the use of a computer, usually in your own home.
There are still some bank services for which you will have to personally go to the bank, but most of your day to day requirements can be done in the comfort of your home.
js58.com /the-emergency-banking-act.html   (267 words)

  
 WAR AND EMERGENCY POWERS: A Special Report on the National Emergency
The Act specifically excluded citizens of the united States, because we realized in 1917 that the citizens of the united States were not enemies.
In Section 5 (b) of this Act, we see that the President was given unlimited authority to control the commercial transactions of defined enemies, but we see that credits relating solely to transactions executed wholly within the united States were excluded from that controlling authority.
The fact that banks are under regulation of the Treasury today, is evidence that the state of emergency still exists, by virtue of the definition.
www.barefootsworld.net /srwep.html   (15963 words)

  
 January 15, 2003 - How NESARA Cancels War & Restores Our Constitutional Rights
emergency’ status or the national emergency would be cancelled.
On 24 March 1918 the Act was amended and its scope greatly expanded by
Act of October 6, 1917, as amended on March 9, 1933, are strictly the War
www.nesara.us /doverpts03/January_15_2003.htm   (4725 words)

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