Guarantee of safe deposit of money in banks (jun 16, 1933 – jan 1, 1935)
Description:
The Omaha platform requested postal savings banks for safer money exchanges. The 1933 Banking Act created the FDIC, providing insurance for deposits up to $2,500. The FDIC restored public confidence in banks during a severe banking crisis. (Finance, 5)Added to timeline:
Date:
jun 16, 1933
jan 1, 1935
~ 1 years and 6 months