Buyout Footage Historic Stock Footage Archive
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FDIC Pays Bank Depositors When Fon Du Lac Bank Fails
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keywords: depression era, bank failure, fon du lac bank, fdic
Synopsis: For the first time in history the FDIC operating under the Banking Act of 1933 reimburses bank customers 100 cents on the dollar after the Fon Du Lac Bank fails...(read more)
- Date: 1934
- Duration: 00:00:47
- Sound: No
- Color: Monochrome
- Type: Public Domain
- Language: English
- Location: United States
FDIC Pays Bank Depositors When Fon Du Lac Bank Fails
For the first time in history a Government corporation, the Federal Deposit Insurance Corporation (FDIC) operating as an independent agency, created by the Banking Act of 1933 reimburses bank customers of the failed Fon Du Lac Bank in East Peoria, Illinois one hundred cents on the dollar. CU of Fon Du Lac Bank sign. Shows people crowding into the bank to receive their money on deposit. Shows young boy at bank window counting his coins.
- Related Titles:
- Newsreels: 1934 - July 4
