Finalized by President Franklin D. Roosevelt on March 9, 1933, the legislation had been targeted at restoring general general public self- self- confidence into the nation’s economic climate after a weeklong bank vacation.

“The crisis banking legislation passed away by the Congress today is a many constructive action toward the perfect solution is regarding the monetary and banking problems which may have confronted the united states. The extraordinary rapidity with which this legislation had been enacted by the Congress heartens and encourages the nation. ” – Secretary of this Treasury William Woodin, March 9, 1933

“i could guarantee you it is safer to help keep your profit a reopened bank than beneath the mattress. ” – President Franklin Roosevelt in the Fireside that is first chat March 12, 1933