1、此资料由网络收集而来，如有侵权请告知上传者立即删除。资料共分享，我们负责传递知识。名人英语演讲稿：The Banking Crisisy and your help during the past week.first of all, let me state the simple fact that when you deposit money in a bank, the bank does not put the money into a safe deposit vault. it invests your money in many different forms of credit
2、 - in bonds, in commercial paper, in mortgages and in many other kinds of loans. in other words, the bank puts your money to work to keep the wheels of industry and of agriculture turning around. a comparatively small part of the money that you put into the bank is kept in currency - an amount which
3、 in normal times is wholly sufficient to cover the cash needs of the average citizen. in other words, the total amount of all the currency in the country is only a comparatively small proportion of the total deposits in all the banks of the country.what, then, happened during the last few days of fe
4、bruary and the first few days of march because of undermined confidence on the part of the public, there was a general rush by a large portion of our population to turn bank deposits into currency or gold - a rush so great that the soundest banks couldn't get enough currency to meet the demand.
5、the reason for this was that on the spur of the moment it was, of course, impossible to sell perfectly sound assets of a bank and convert them into cash, except at panic prices far below their real value. by the afternoon of march third, a week ago last friday, scarcely a bank in the country was ope
6、n to do business. proclamations closing them, in whole or in part, had been issued by the governors in almost all the states. it was then that i issued the proclamation providing for the national bank holiday, and this was the first step in the government’s reconstruction of our financial and
7、economic fabric.the second step, last thursday, was the legislation promptly and patriotically passed by the congress confirming my proclamation and broadening my powers so that it became possible in view of the requirement of time to extend the holiday and lift the ban of that holiday gradually in
8、the days to come. this law also gave authority to develop a program of rehabilitation of our banking facilities. and i want to tell our citizens in every part of the nation that the national congress - republicans and democrats alike - showed by this action a devotion to public welfare and a realiza
9、tion of the emergency and the necessity for speed that it is difficult to match in all our history.the third stage has been the series of regulations permitting the banks to continue their functions to take care of the distribution of food and household necessities and the payment of payrolls.this b
10、ank holiday, while resulting in many cases in great inconvenience, is affording us the opportunity to supply the currency necessary to meet the situation. remember that no sound bank is a dollar worse off than it was when it closed its doors last week. neither is any bank which may turn out not to b
11、e in a position for immediate opening. the new law allows the twelve federal reserve banks to issue additional currency on good assets and thus the banks that reopen will be able to meet every legitimate call. the new currency is being sent out by the bureau of engraving and printing in large volume
12、 to every part of the country. it is sound currency because it is backed by actual, good assets.another question you will ask is this: why are all the banks not to be reopened at the same time the answer is simple and i know you will understand it: your government does not intend that the history of
13、 the past few years shall be repeated. we do not want and will not have another epidemic of bank failures.as a result, we start tomorrow, monday, with the opening of banks in the twelve federal reserve bank cities - those banks, which on first examination by the treasury, have already been found to
14、be all right. that will be followed on tuesday by the resumption of all other functions by banks already found to be sound in cities where there are recognized clearing houses. that means about two hundred and fifty cities of the united states. in other words, we are moving as fast as the mechanics
15、of the situation will allow us.on wednesday and succeeding days, banks in smaller places all through the country will resume business, subject, of course, to the government's physical ability to complete its survey it is necessary that the reopening of banks be extended over a period in order to
16、 permit the banks to make applications for the necessary loans, to obtain currency needed to meet their requirements, and to enable the government to make common sense checkups.please let me make it clear to you that if your bank does not open the first day you are by no means justified in believing that it will not open. a bank that opens on one of the subsequent days is in exactly the same status as the bank that opens tomorrow.i know that many people ar
