Article Text
20 BANKS FREED OF CONTROL BY CONSERVATOR By Associated Press. WASHINGTON, Feb. 16.—Twenty national banks which had been in conservators' hands were said Friday by Comptroller of the Currency O'Connor to have been licensed and opened or reopened during the first 10 days of February. Frozen deposits involved totaled $17,149,000 and unrestricted deposits $1,628,000. The reorganization plans for nine banks were approved during the same period, O'Connor said. At the close of business Feb. 10 there were 300 unlicensed national banks in the United States, 271 of which had approved reorganization plans and 59 disapproved plans, he added. Unlicensed national banks whose reorganization plans were approved included: Texas—Robstown, Gouger National Bank. Insolvent national banks whose reorganization plans were approved: Texas—Sylvester, First National Bank.