Word: insured
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Dates: during 1955-1955
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Between 1929 and 1948, while the assets of America's 100 biggest corporations grew by about 160%, the banks' capacity to lend money did not keep pace. As a result, they began to lose vast chunks of business to insur ance companies. One answer was to merge, enlarge the permissible loan limit (usually limited, for one customer, to about 10% of total capital funds). Thus, when Dallas First National merged with the National Bank, its permissible loan limit jumped mightily, making it better able to supply the cash for Texas' fast-growing industries...