Word: redeposit
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Dates: during 1932-1932
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Promptly the Mayor of Brescia informed the citizens. Instantly the run stopped. All the rest of that day depositors who had withdrawn their money stood in line to redeposit...
...make all the new loans? To this question there is a combination of interrelated answers. The broadest concept of the Glass-Steagall bill is that it will materially enlarge the Federal Reserve's power to stop member bank failures. As failures decline, hoarders of currency would be encouraged to redeposit their cash. Such redeposits. in turn, would strengthen banks and reduce their demands for more loans from the Federal Reserve. Hoarded currency would again start flowing back toward the Federal Reserve whose supply of loan funds would thus be replenished to meet what would then become the disappearing problem...
According to last week's best judgment, the currency club would start swinging just enough to produce the necessary psychological momentum. Hoarders would redeposit their cash; banks would breathe easier; the demand for Federal Reserve loans would diminish; the machinery of normal banking would pick up speed by itself; the currency club, having served its initial purpose, would go back on the shelf...