It provided the reopening, under Treasury Department license, of banks that were solvent and for the reorganization and management of those that were not. Prohibited the hoarding and export of Gold and upheld the status quo and left the same bankers in charge.
Emergency Banking act of 1933 gave federal government power to recognize and strengthen banks
Loans to states for financial relief
Emergency Banking Relief Act
The Emergency Banking Act no longer exists, however elements of the act were included in the 1933 Banking Act. It's also one of the things that ultimately led to the Federal Deposit Insurance Corporation.
Emergency Banking Act
Emergency Banking Act
c) Emergency Banking Act
Emergency Banking Relief Act
Emergency Banking Relief Act
emergency banking act
Emergency Banking Relief Act (EBRA)
The Emergency Banking Act passed by Congress in 1933 allowed for $2 million to be set aside so that banks could conduct business. It is not known how much of that $2 million was actually used.
emergency banking bill
Issuing licenses to banks that the federal examiners found to be financially sound