Salt Lake Telegram | 1932-05-20 | Page 9 | Hoover Signs Bill Widening Credits

Hoover o a r Signs Bill Widening Credits May 20 UP UP- UP Protest Hoover today tody signed a n billa bill wid Widen a the powers of ot the federal to a i. i banks and J i. i credit give lve the D a greater latitude in financing f credIt needs of ers The Ibe new cew la laru law w authorizes these fed r ru ej intermediate credit banks to act ac ac- cn t drafts drawn on them by cooper cooper- T marketing associations It also pe its ts rediscount by federal reserve ate of or notes Dotes discounted by bj such i kili