Word: guaranteee
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Dates: during 1930-1939
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More than 13,000 of the 15,000 banks in the U. S. last week held a shower for the Federal Deposit Insurance Corp. by sending checks to set the corporation up in business and get their deposits up to $2,500 guaranteed for six months. Their total contribution was...
Because Manhattan banks have generally large accounts the percentage of total deposits guaranteed there was around 10%. Elsewhere the guarantee ran up as high as 95% of a bank's total deposits. All 6,000 members of the Federal Reserve System were automatically taken into the guarantee system. Of...
Last Spring President Roosevelt waved his magic wand over the Tennessee Valley and decreed that more electricity should be made than could be used. Last week the wand waved again and the President decreed that all the residents of the Tennessee Valley should have electrical gadgets to burn up the...
8) The bank officers view with alarm deposit guarantee and inflation.
A bushy-haired Russian conductor tensely beating time, an elfin little Spaniard playing the piano and a lot of white-gloved ladies proudly patting their hands together marked the opening of the San Francisco Symphony last week. The conductor was Issai Dobrowen who rang in a flashy performance of a...