Word: fdic
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Dates: during 1940-1949
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...Accepted the resignation of Leo T. Crowley as Alien Property Custodian. Now, said the President, Mr. Crowley could devote all his time and his "superior abilities" to managing his other two agencies (FDIC...
...Remedies. The remedies which Old Dr. New Deal used, the President said, were for internal troubles: saving bank deposits by the FDIC, saving homes from foreclosure by the HOLC, saving farms from foreclosure by the FCA, protecting investors by the SEC. Sarcastically the President said he supposed that there were some people who wanted to repeal all these remedies...
Technically these men run institutions that are conservative to a fault. Against 4,000-odd bank failures in 1933, there were only nine last year. Bank deposits (up to $5,000) are insured by FDIC. Though excess reserves are down, member banks carry $13 billions with the Federal; and behind the Federal is the Treasury's $22 billions in gold...
With Aniline in good hands, Custodian Crowley seized two other alien properties last week, and also appointed a new deputy custodian. The deputy: James Markham, a tall, grey-haired lawyer from Lowell, Mass., who has been a Crowley crony since he went to be Solicitor for Crowley's FDIC in 1933. The seizures...
...working Mr. Crowley has few diversions. Once he owned a race horse. Occasionally he visits a race track. But the sporting world is not his background. The proper background for Leo Thomas Crowley is marble & mahogany. A bachelor, he lives in Washington's glittering Mayflower Hotel. In his FDIC office hangs a "No Smoking" sign. He cannot stand the smell, which annoys his sinuses...