But a decrease in demands of policyholders for loans on the insurance companies and the action recently taken by the Federal Reserve System should result in increased supplies of credit, especially for residential building, which in turn has lagged behind other construction.
Herbert Hoover: “But a decrease in demands of policyholders for loans on the insurance companies and the action recently taken by the…”
On the recordMarch 6, 1930
Source
presidency.ucsb.eduEditor's note · Context
Statement on Unemployment and Business Conditions.
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