The short deadline of one weekend will hardly be sufficient for a restructuring or resolution to be initiated at a large bank in a way that does not place an excessive strain on the system as a whole.
BIS Review 44/1997  -2-  Chartered Banking (1781-1838) From the very beginning the American banking system has had an entirely different character. Although some private individuals undoubtedly circulated limited volumes of bank notes, those seeking to circulate a significant volume of notes invariably applied for a corporate charter from state or federal authorities. Entry into the banking business was far from free.