It is estimated that altogether over 10 million individual depositors and borrowers have been benefited by the margins provided by the Reconstruction Finance Corporation to these banks.
Herbert Hoover: “It is estimated that altogether over 10 million individual depositors and borrowers have been benefited by the margins…”
On the recordJune 4, 1932
Source
presidency.ucsb.eduEditor's note · Context
White House Statement on the Reconstruction Finance Corporation.
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