The Archive · 1933

13,034 Institutions to Take Part in Federal Scheme

Washington, Dec. 19, A total of 13,034 out of the 14,500 national banks new operating inthe United States will take part in the federal insurance plan, it Was announced here to-day.

The Government has invested spprexirately U'S.$3,000,000000 in banks of the country, it is estimated, including more than U.S. $1,000,000,000 of Postal Sat Accounts money and at least $1,500,000,000 of R.F.C. bank stoc Federal participation in banking Imay be lessened materially if the deposit insurance plan succeeds and ig "made permanent, it wae me dicated in high financial cireles—United Press. the Commercial Attache said that the efforts of French exporters must, increase despite Japanese competition which has been growing: more and. more formidable since the fall of the yen, and can increase in the direction of textile machines, chemical products and perfumes in connection with which French science is far in advance—Havas,

Text read from the printed page and cleaned; old type leaves the occasional error.

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