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Newspaper
Cameron Herald
Location
Cameron, Texas, United States of America
Date
Dec 23, 1920
Page
9
The Federal Reserve Bank head calls for strict credit control urging member banks to restrict loans to productive purposes, avoid heavy deals with government securities, and reduce reliance on rediscounting. The letter emphasizes safety, conservative lending, and returning banks to sound, basic banking.
The Officers and Directors of the Member Bank urge member banks to limit loans to productive business, avoid speculative and investment loans, and liquidate rediscounts. They warn against reliance on external funding and stress seasonal needs for crop planting, urging careful assessment before new year commitments.
The note requests attendees to attend the next meeting and express opinions on the outlined views and suggestions. It asks for the group to share perspectives and provide feedback at the session.
One new Dodge Roadster listed at 1370 dollars with sale price 1100 dollars. Customer contact J. W. Sanders Buick Service Station in Cameron Texas.
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