4
Revolutionary Financial Measure
In virtue of the powers vested in me by the Military Revolutionary Committee attached to the Moscow Soviet of Workers’ and Soldiers’ Deputies, I decree:
All banks with branches, the Central State Savings Bank with branches, and the savings banks at the Post and Telegraph offices are to be opened beginning November 22nd, from 11 a.m. to 1 p.m. until further order.
On current accounts and on the books of the savings banks, payments will be made by the above mentioned institutions, of not more than 150 rubles for each depositor during the course of the next week.
Payments of amounts exceeding 150 rubles a week on current accounts and savings banks books, also payments on other accounts of all kinds will be allowed during the next three days—November 22nd, 23rd, and 24th, only in the following cases:
(a) On the accounts of military organisations for the satisfaction of their needs;
(b) For the payment of salaries of employees and the earnings of workers according to the tables and lists certified by the Factory Committees or Soviets of Employees, and attested by the signatures of the Commissars, or the representatives of the Military Revolutionary Committee, and the district Military Revolutionary Committees.
Not more than 150 rubles are to be paid against drafts; the remaining sums are to be entered on current account, payments on which are to be made in the order established by the present decree.
All other banking operations are prohibited during these three days.
The receipt of money on all accounts is allowed for any amount.
The representatives of the Finance Council for the certification of the authorisations indicated in clause 3 will hold their office in the building of the Stock Exchange, Ilyinka Street, from 10 a.m. to 2 p.m.
The Banks and Savings Banks shall send the totals of daily cash operations by 5 p.m. to the headquarters of the Soviet, Skobeliev Square, to the Military Revolutionary Committee, for the Finance Council.
All employees and managers of credit institutions of all kinds who refuse to comply with this decree shall be responsible as enemies of the Revolution and of the mass of the population, before the Revolutionary Tribunals. Their names shall be published for general information.
For the control of the operations of Branches of the Savings Banks and Banks within the limits of this decree, the district Military Revolutionary Committees shall elect three representatives and appoint their place of business.