本字幕由TME AI技术生成 onthebankcrisis iwanttotalkforafewminuteswiththepeopleoftheunitedstatesaboutbanking withthecomparativelyfewwhounderstandthemechanicsofbanking butmoreparticularlywithoverwhelmingmajoritywhousebanksforthemakingofdepositsandthedrawingofchecks iwanttotellyouwhathasbeendoneinthelastfewdays whyitwasdoneandwhatthenextstepsaregoingtobe irecognizethatthemanyproclamationsfromstate capitalsandfromwashington thelegislation thetreasuryregulations ecteracouchforthemostpartinbankingandlegaltermsshouldbeexplainedforthebenefitoftheaveragecitizen iowethisinparticularbecauseofthefortitudeandgoodtemper withwhicheverybodyhasacceptedtheinconvenienceandhardshipsofthebankingholiday iknowthat whenyouunderstandwhatweinwashingtonhavebeenabout ishallcontinuetohavehaveccooperationasfullyasivehadyoursympathyandhelpduringthepastweekfirstofall letmestateasimplefact thatwhenyoudepositmoneyinabank thebankdoesnotputthemoneyintoasafedepositgold itinvestyourmoneyinmanydifferentformsofcreditbonds commercialpaper mortgagesandmanyotherkindsofloans 嗯 inotherwords thebankputsyourmoneytowork tokeepthewheelsofindustryandagagriculture turningaroundacomparativelysmallpartofthemoney youputintothebankiskeptingcurrencyandamountwhichinnormaltimesiswhollysufficienttocoverthecashneedsoftheaveragecitizen inotherwords thetotalamountofallthecurrencyinthecountryisonlyasmallfractionofthetotaldeposiitsinallofthebanks intheprocessofouradjustmentofourfinancialsystem therehavebeenmanymisinterpretpretationsandmuchmisunderstanding icanonlysaythateverypublicstatementihavemade hasbeenbasedonthemostcarefulconsiderationofallthefactsavailabletome andonthemostsinceredesiretodowhatwasbestforthecountryasawhole thereisanelementinthereadjustmentofourfinancialsystem moreimportantthancurrency moreimportantthangold andthatistheconfidenceofthepeople confidenceandcouragearetheessentialsofsuccessincarryingoutourplan youpeoplemusthavefaith youmustnotbestampededbyrumorsorguesses letusuniteinbanishingfear wehaveprovidedthemachinerytorestoreourfinancialsystem itisuptoyoutosupportandmakeitwork itisyourproblem nolessthanitismine togetherwecannotfail