Annual Report of the Federal Deposit Insurance Corporation for 1939

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Annual Report of the Federal Deposit Insurance Corporation for 1939
INTRODUCTION AND SUMMARY

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Abstract

The close of 1939 marked the completion of the sixth year of Federal insurance of deposits. Conditions during the six-year period were conducive to the improvement of the condition of the banks. The period on the whole was one of business recovery, and, with the existence of deposit insurance, such relapses as occurred did not threaten the banks. The volume of national income increased. A heavy influx of gold gave the banking system huge excess reserves and bond prices reached record high levels. Bank deposits increased to the highest levels ever recorded.

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