Word: rfc
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...more credit facilities, first enunciated by the small businessmen's conference in February, Franklin Roosevelt appointed Secretary of the Treasury Henry Morgenthau Jr. head of a committee to study the problem and prepare a program for its solution. The committee: James Roosevelt, SEC Chairman William O. Douglas, RFC Chairman Jesse H. Jones, and Vice Chairman Ronald Ransom of the Federal Reserve Board...
...Meanwhile, introduced in Congress by Senator Carter Glass with Franklin Roosevelt's approval was a bill to restore to RFC the power to make loans to "any business enterprise" which is unable to find funds elsewhere. RFC's original power to make self-liquidating loans was given to PWA in 1933 and RFC lending power is now limited by numerous restrictions. The Glass amendment is suggested only as an emergency measure to expire in a year's time...
...Truman of the Senate Interstate Commerce Committee. Chairman Clarence Frederick Lea of the House Interstate & Foreign Commerce Committee. President George Harrison of the Railway Labor Executives Association, President Henry Bruere of Manhattan's Bowery Savings Bank, Secretary of Treasury Henry Morgenthau Jr., Assistant Secretary of Commerce Ernest Draper, RFC Chairman Jesse Jones, SEC Chairman William 0. Douglas and Farm Security Administrator Will W. Alexander. After these 14 worthies had put their heads together with President Roosevelt, he informed a press conference that the group would meet again in a few days, that the major topic had been...
Pepper. To provide this missing implement in the U. S. financial tool chest, Senator Claude Pepper of Florida has a bill before the Senate providing for insurance by RFC of bank loans to business for expansion purposes. Last week he appeared before the Senate Banking & Currency Committee to denounce investment bankers and suggest the creation by the Government of national industrial banks to provide capital to small businesses. Said he: "The time has come when the Government must step in and not only afford adequate facilities to business, but break up the grip of the investment banking group upon...
...banks will not, RFC will, it announced last fortnight (TIME, March...