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Show Our Banks Are Stronger A tttte more than three years ago the banks of the' United States wera closed and people wondered won-dered what might happon. Today the banks of the country are op n and it might be well to check up on a f'w fignrea When the bank holiday began in 1933, the total money in circu-jaiion circu-jaiion was $7,538,000,000 and monetary mone-tary gold stocks were down1 to 54,243,000,000. Today the moini-tary gold stocks have passed the- ten billion dollar mark and thr total money in circulation is $5,775,000,-000. $5,775,000,-000. Thr'e years ago the banks of thi Federal Reserve System owd $1,414,000,000 to the Reserve Banks and their r'l cure s were $1,77G,-000.000. $1,77G,-000.000. Today they owe nothing lend their res rves are $5,839,000,-000, $5,839,000,-000, of which more than half is surplus reTerves. |
