US Presidency
1932

We have erected a new system of agricultural credit banks with indirect resources of $ 300 million to reinforce the work of the intermediate credit banks and our other financing institutions in the financing of production and livestock loans to farmers. Any farmer now with sound security may go to them for aid. 18. We have extended the authority to the Reconstruction Corporation to make loans for financing the normal movement of agricultural commodities to markets both at home and abroad. 19. We have systematically mobilized banking and industry and business of the country with the cooperation of labor and agricultural leaders to attack the depression on every front. They have sought out and given assurance of credits to business and industry where employment would be increased, and have cooperated in relief of agricultural mortgage pressures. 20.