Bank depositors get a million dollar pay-off from U.S. receivers in Hempstead, Long Island.
Hempstead New York USA Date:1934, July 23 Duration:1 min 12 sec Sound:Yes
Customers deposits are returned to them under the auspices of officials who have placed the bank under Federal Receivership. Depositors hadn't been able to make withdrawals,due to the National Financial Crisis. U.S. receivers in Hempstead, Long Island, New York.
Interior of bank and people inside. An official speaks on 'repayment of frozen deposits in National bank'. He credits Federal Government for this positive action made possible by enactment of the Reconstruction Finance Commission Act and the Home Owner's Loan corporation Act.
This historic stock footage available in HD and SD video. View pricing below video player.
Have a correction or more info about this clip? Edit Now
Be the first to correct or edit this clip's info! Edit Now