Washington, June 28.
Fusthering the Administration's drive to break the current business recession, Mr. Marriner Ecoles, head of the Board of Governors of the Federal Reserve System, and Mr. Henry Morgenthau, Secretary of the Treasury, today reached a compromise agreement whereby more liberal investment policies will be inaugurate ed for the nation's banks.
The Department of Treasury announced today that the new regulations would go into effect on July l te eliminate bankers' "fear complex" and pour millions of dollars into circulation, Small business will be one of the major beneficiaries of the new regulations.
Text read from the printed page and cleaned; old type leaves the occasional error.