名人演讲：the banking crisis

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1、名人演讲：TheBankingCrisisFranklinDelanoRoosevelt:FirstFiresideChatalign=enter>"TheBankingCrisis"Mfriends:IanttotalkforafeminutesiththepeopleoftheUnitedStatesaboutbanking--totalkiththeparativelfehounderstandthemehanisofbanking，butmorepartiularliththeoverhelmingmajoritofouhousebanksforthe**

2、ofdepositsandthedraingofheks。Ianttotellouhathasbeendoneinthelastfedas，andhitasdone，andhatthenextstepsaregoingtobe。IreognizethatthemanprolamationsfromStateapitolsandfromWashington，thelegislation，theTreasurregulations，andsoforth，ouhedforthemostpartinbankingandlegalterms，outtobeexplained

3、forthebenefitoftheaverageitizen。Ioethis，inpartiular，beauseofthefortitudeandthegoodtemperithhiheverbodhasaeptedtheinonvenieneandhardshipsofthebankingholida。AndIknothathenouunderstandhateinWashingtonhavebeenabout，IshallontinuetohaveourooperationasfullasIhavehadoursmpathandourhelpduringt

4、hepasteek。Firstofall，letmestatethesimplefatthathenoudepositmoneinabank，thebankdoesnotputthemoneintoasafedepositvault。Itinvestsourmoneinmandifferentformsofredit--inbonds，inmerialpaper，inmortgagesandinman第8页otherkindsofloans。Inotherords，thebankputsourmonetoorktokeeptheheelsofindustrando

5、fagriultureturningaround。Aparativelsmallpartofthemonethatouputintothebankiskeptinurren--anamounthihinnormaltimesishollsuffiienttoovertheashneedsoftheaverageitizen。Inotherords，thetotalamountofalltheurrenintheountrisonlaparativelsmallproportionofthetotaldepositsinallthebanksoftheountr。W

6、hat，then，happenedduringthelastfedasofFebruarandthefirstfedasofMarh?Beauseofunderminedonfideneonthepartofthepubli，thereasageneralrushbalargeportionofourpopulationtoturnbankdepositsintourrenorgold--arushsogreatthatthesoundestbanksouldn'tgetenoughurrentomeetthedemand。Thereasonforthisasth

7、atonthespurofthemomentitas，ofourse，impossibletosellperfetlsoundassetsofabankandonvertthemintoash，exeptatpanipriesfarbelotheirrealvalue。BtheafternoonofMarhthird，aeekagolastFrida，sarelabankintheountrasopentodobusiness。Prolamationslosingthem，inholeorinpart，hadbeenissuedbtheGovernorsinalm

8、ostal