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Of many examiners was indeed towards mortgage from the OCC or state lender authorities
Walter J. Cummings (1879-1967), becomes the original President of your own FDIC and you may serves until February 1, 1934. A local out of Illinois, Cummings entered banking since a great clerk at the ages 18 however, became somebody during the a railway gizmos team and soon after arranged the brand new Cummings Vehicle and you will Mentor Providers. He was titled executive assistant toward Assistant of the Treasury for the March 1933. (more…)