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Banks urged to avoid risky speculative credit
Washington May 1 Prominent business leaders heard Comptroller of the Currency Delano insist that national banks must not be forced into speculative credit. He said banks should extend sound industrial credit and resist using depositors' funds for high risk advances, citing the need for risk money but warning against lax examination policies.
MENTIONED IN THIS ARTICLE
Washington
Preston Delano
Business Advisory Council
Delano
Council
Ww. Averill
Harriman
Reconstruction Finance Corporation
Emil Schram
RFC
Schram
Comptroller’s Office
Comptroller
National Economic Committee
Congress