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The Reconstruction Finance Corporation (RFC) was an independent agency of the United States federal government that served as a lender of last resort to US banks and businesses.
May 7, 2022 · The Reconstruction Finance Corp. (RFC) was an agency authorized by the U.S. government to loan money to assist the nation's ailing banks after the stock market crash...
- Will Kenton
Learn about the creation and role of the Reconstruction Finance Corporation (RFC), a government-sponsored financial institution that lent to banks and other sectors during the Great Depression. The RFC was established in 1932 and operated until 1952, under the supervision of the Federal Reserve Board.
Reconstruction Finance Corporation (RFC), U.S. government agency established by Congress on January 22, 1932, to provide financial aid to railroads, financial institutions, and business corporations. With the passage of the Emergency Relief Act in July 1932, its scope was broadened to include aid.
Reconstruction Finance Corporation (RFC), U.S. government agency established by Congress on January 22, 1932, to provide financial aid to railroads, financial institutions, and business corporations. With the passage of the Emergency Relief Act in July 1932, its scope was broadened to include aid.
- The Editors of Encyclopaedia Britannica
Mar 28, 2019 · Learn about the federal lending agency created by Hoover and Roosevelt to rescue banks and fund the New Deal during the Great Depression. Find out how it worked, who it helped, and what criticisms it faced.
The web page provides an overview of the records of the Reconstruction Finance Corporation (RFC), an independent agency that provided emergency financing facilities for financial institutions and other sectors from 1932 to 1957. It also lists the locations and finding aids of the records in the National Archives Catalog.
