Word: deposited
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
These facts are the result of the insurance deposit plan which has been put into effect by the Roosevelt administration, whereby all deposits up to $2,500 now are guaranteed...
...Rumor had it that he [Walter Joseph Cummings, onetime president of the Federal Deposit Insurance Corp.] and his 'personal friend,' the Comptroller of the Currency, did not get along together. Rather than have him resign, his other personal friends, William Woodin and Franklin Roosevelt, preferred to provide him with another good job, and Mr. Cummings had his eye on Continental Illinois...
...have no warmer friend than Mr. Cummings. The statement in your issue is absolutely incorrect. Mr. Cummings and I got along together without the slightest misunderstanding in the handling of very difficult problems. In fact, I protested against his leaving the chairmanship of the Federal Deposit Insurance Corp. It will interest you to know that when I first suggested to Mr. Cummings that he accept the chairmanship, he declined and said that he was anxious to get back to his business...
...want to interfere in the bank, set out to pick a new chairman. They settled on George Alfred Ranney, onetime treasurer of International Harvester, now vice chairman of Commonwealth Edison Co. Then they got a shock. From Washington sped a report that Walter Joseph Cummings, head of Federal Deposit Insurance Corp., was to have the job (TIME, Dec. 25). Again Mr. Jones repeated his promises, but by last week Continental Illinois knew that being in Mr. Jones's parlor was like being in the parlor of any other majority stockholder. He would exercise his right -soft speeches...
...manufacturer, not a banker. Of his 25 directorships not one is on the board of a bank. One of them, however, is on the board of American Car & Foundry Co. of which William Woodin was head. That contact seemed to explain why Mr. Cummings was made president of Federal Deposit Insurance Corp. The RFC in its announcement listed among his other qualifications the fact that he "enjoys the personal friendship of President Roosevelt, Secretary Morgenthau and the Comptroller of the Currency J. F. T. O'Connor...