Democratic (socialist/fascist) governor William A. Comstock, of michigan—not willing to wait for the Federal government to act—orders the closure of all private banks under his jurisdiction.
Postscript: About 20 other state governors soon did likewise.
[added 7/2/2022]
Subsequent Events:
Authority:
michigan constitution of 1908, article XII, section 9
www.legislature.mi.gov/documents/historical/miconstitution1908.htm
References:
Current U.s. National Debt:
