if they had applied for Federal Reserve System membership Although opponents of H.R. 5661 hoped Roosevelt would veto the final bill, he called Senator Glass with congratulations after the Senate passed the bill. Roosevelt signed H.R. 5661 into law on June 16, 1933, as the Banking Act of 1933. Roosevelt called the new law "the most important" banking legislation since the Federal Reserve Act of 1913. Commentator description and evaluation of 1933 Banking Act Roosevelt's role in 1933 Banking Act Time Magazine reported the 1933 Banking Act passed by "accident because a Presidential blunder kept Congress in session four days longer than expected." H. Parker Willis described Roosevelt as treating the final bill with "indifference" but not "hostility". In his account of the "First New Deal" Raymond Moley stated Roosevelt was "sympathetic" to the 1933 Banking Act "but had no active part in pressing for its passage". Moley also wrote that most of "the people who were close to the White House were so busy with their own legislative programs that Glass was left to his own devices." Adolf A. Berle, like Moley a member of Roosevelt's First New Deal Brain Trust, was "disappointed" by the 1933 Banking Act. He wished the more extensive branch banking permission in earlier Glass bills had been adopted. Berle concluded that limited branch banking with deposit insurance would preserve small banks certain to fail in an economic downturn, as they had consistently in the past. While Berle shared Glass's hope that the new law's deposit insurance provisions would force all banks into the Federal Reserve System, he correctly feared that future Congresses would remove this requirement. According to Carter Golembe, the Banking Act of 1933 was the "only important piece of legislation during the New Deal's famous "one hundred days" which was neither requested nor supported by the new administration." In their books on banking events in 1933, Susan Eastabrook Kennedy and Helen Burns concluded that, although the 1933 Banking Act was not part of the New Deal, Roosevelt ultimately preferred it to no banking reform bill even though it did not provide the more "far reaching" reforms (Kennedy) or "fuller solution" (Burns) he sought. Both present Roosevelt as being influenced by the strong public demand for deposit insurance in accepting the final bill. Both also describe the Banking Act of 1935 as being more significant than the 1933 Banking Act. Kennedy notes that