The review of the work of the Corporation showed that in the 14 weeks of its life loans of about $500 million were authorized to something like 4,000 banks, agricultural credit corporations, life insurance companies, and other financial institutions, and in addition thereto about $170 million to railroads.
White House Statement on the Reconstruction Finance Corporation.
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More from Herbert Hoover
The enactment of the legislation which has been recommended creating the system of home loan discount banks.
I feel very proud of that tribute, and I appreciate very much the attitude of the press about it.
I am deeply grateful for the highest honor that the party can confer.
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