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Millions in cash sent to bolster banks in Florida
Five million dollars in cash from the Atlanta Federal Reserve was directed to Florida to restore public confidence as 23 banks failed in two weeks. Officials said the money would support deposits and two proposed $1,000,000 currency depots in Tampa and Miami. Day tona Beach reporters launched a plan to aid small depositors by offering 10 percent cash advances on deposits between 50 and 250 dollars.
MENTIONED IN THIS ARTICLE
Tampa
Fla
Atlanta Federal Reserve Bank
Federal -Reserve
Florida
Miami
Ernest Amos
Advances Cash
Creed Taylor
Federal Reserve Bank At
Atlanta
First National Bank of Tampa
Federal Reserve
Daytona Beach
Daytona Beach News-Journal