Word: bankes
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Dates: during 1930-1939
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Last week with 5,443 out of 6,736 Federal Reserve member banks and 7,654 out of 11,435 State banks* recovered from the banking holiday and again doing unrestricted business, the executive council of American Bankers Association assembled in Augusta, Ga., to play golf on Bobby Jones's Augusta National golf course and exchange profundities of hindsight. The A. B. A. Economic Policy Commission took up the task of expressing the refreshed financial wisdom of those members who were still bankers. Col. Leonard Porter Ayres, famed economist-vice president of Cleveland Trust Co. (one of Cleveland...
...Prohibition of bank holiday proclamations by State governors (because of the drain it puts on the banks of neighboring States...
...Federal commission to> consider limitation of interest rates on all classes of deposits. (Too high interest rates paid by banks in competition with each other has been a recognized cause of bank weakness...
...Altering the Federal Reserve Act to make possible increasing the requirements of bank reserves in times of credit inflation...
...Fixing a statutory percentage of gold coverage not only for reserve notes (as at present) but for reserve notes and bank deposits combined. "This would nullify most of the dangers inherent in the hoarding of currency...