Political Quotes

Franklin D. Roosevelt: When you deposit money in a bank the bank does not put the money into a safe deposit vault. It invests your money in…

On the recordMarch 12, 1933
When you deposit money in a bank the bank does not put the money into a safe deposit vault. It invests your money in many different forms of credit...
Said by
Franklin D. Roosevelt

Editor's note · Context

Explaining how banks operate and use deposits.

Share

More from Franklin D. Roosevelt

Mar 12, 1933

The new law allows the twelve Federal Reserve banks to issue additional currency on good assets...

millercenter.org
Dec 29, 1940

The plain facts are that the Nazis have proclaimed, time and again, that all other races are their inferiors and therefore subject to their orders.

millercenter.org
Dec 29, 1940

The experience of the past two years has proven beyond doubt that no nation can appease the Nazis.

millercenter.org
Mar 12, 1933

There is an element in the readjustment of our financial system more important than currency, more important than gold, and that is the confidence of the people.

millercenter.org