Word: sharpstown
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Dates: during 1971-1971
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Even during the Great Depression, none of Houston's banks failed. Last month, however, the queues began forming each day before dawn outside the defunct Sharpstown State Bank as depositors applied for payouts from the Federal Deposit Insurance Corp. The agency was making good on accounts -but only up to $20,000 each. About $16 million seemed, for the time being, lost to depositors...