Show BANK DEPOSITS WERE SAFES T 11 N VESTMENTS high government official says no investment except U S bonds suffered as little as deposits in closed banks washington D C no form of investments except government bonds suffered as little loss as deposits in closed banks during the years 1931 32 33 tessa jesse 11 II jones chairman of 0 the reconstruction finance corporation declared in a recent address A point generally overlooked in connection with bank failures in this period is that upon the whole depositors in cosed banks will get a somewhat larger percentage than tha n has been true in bank failures over a period of say twenty five years mr jons said heretofore they will have gotten about 58 but in these wholesale bank closings my estimate is that they will average abot ca of their deposits adother A iother point worthy ot of men mea ti tools is that a depositor in a closed bank loses anly aly a part of 0 hla his deposit while the bank stockholder loses all plus a stock assessment no toi foi m of 0 investment except government bonds has suffered as little ass l ss as deposits in closed banks and while I 1 appreciate that tha t there is little consolation in this fact those who had their savings invested in stocks bonds mort gages real estate industrial investments or in ill businesses ot of any kind have had losses very much greater and in a much larger percentage tag e than depositors in closed banks |