This measure I am signing today, together with the additional capital provided for the Federal land banks and the creation of the Reconstruction Finance Corporation, will so strengthen our whole credit structure and open the channels of credit as now to permit our banks more adequately to serve the needs of agriculture, industry, and commerce.
Herbert Hoover: “This measure I am signing today, together with the additional capital provided for the Federal land banks and the…”
Editor's note · Context
Statement on Signing the Federal Reserve Act, Amendments
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I do so with the deepest regret because of the distinguished service you have rendered and the fine place you have been able to make for yourself in the Diplomatic Service.
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