US Presidency
1932

The Federal International Banking Company will provide a new source of supply from which American demand for foreign investments may be satisfied... It is intended to promote the expansion of American foreign trade... Investments in the Federal International Banking are intended to be self liquidating... It will be put to sound protective uses a part of the surplus capital of our Nation. .. its operations can be widely distributed in foreign countries and various industries. .. that we must aid foreign debtors to purchase our products, rehabilitate themselves, expand and develop, and earn money with which to liquidate their debts, that foreign loans should be facilitated to aid the export sale of American products. Now I'll ask you if any more vivid statement of the policies which I have just pronounced to you was ever made than that. Throughout this prospectus constant reference is made to the fact that it is organized under the law, and the impression is given that in consequence it has some sort of official blessing from the Federal Government, including quotations from myself.